Net Element (Net Element) Retained Earnings : $-183.12 Mil (As of Jun. 2021)

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What is Net Element Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Net Element's retained earnings for the quarter that ended in Jun. 2021 was $-183.12 Mil.

Net Element's quarterly retained earnings increased from Dec. 2020 ($-184.69 Mil) to Mar. 2021 ($-184.39 Mil) and increased from Mar. 2021 ($-184.39 Mil) to Jun. 2021 ($-183.12 Mil).

Net Element's annual retained earnings declined from Dec. 2018 ($-172.29 Mil) to Dec. 2019 ($-178.75 Mil) and declined from Dec. 2019 ($-178.75 Mil) to Dec. 2020 ($-184.69 Mil).

Net Element Retained Earnings Historical Data

The historical data trend for Net Element's Retained Earnings can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Net Element Retained Earnings Chart

Net Element Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Retained Earnings

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-157.44

-167.36

-172.29

-178.75

-184.69

Net Element Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Retained Earnings	Get a 7-Day Free Trial															-180.44	-182.77	-184.69	-184.39	-183.12

Net Element Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.

Net Element (NAS:NETE) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.

Net Element (Net Element) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Net Element Inc (NAS:NETE) » Definitions » Retained Earnings

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N/A

Address

3363 NE 163rd Street, Suite 605, North Miami Beach, FL, USA, 33160

Website

https://www.netelement.com

Net Element Inc is a financial technology-driven group specializing in mobile payments and other transactional services in emerging countries and the United States. It operates through two segments. The North America Transaction Solutions segment provides technology and services to businesses that are required to accept cashless transactions, mobile payment services, merchant performance analytical tools, and merchant back office reporting; and the International Transaction Solutions segment provides online and mobile commerce solutions for merchants including social networks, game developers, online magazines, mobile applications and digital media operators. The company generates a majority of its revenue from the North America transaction solutions segment.

Executives

Steven Wolberg	officer: Chief Legal Officer	3363 NE 163RD STREET, #705, NORTH MIAMI BEACH FL 33160
Jeffrey Ginsberg	officer: Chief Financial Officer	3363 NE 163RD STREET, SUITE 705, C/O NET ELEMENT, INC., NORTH MIAMI BEACH FL 33160
Jon Najarian	director	55 EAST MONROE STREET, SUITE 3800, CHICAGO IL 60603
John Roland	director	3370 NE 190 STREET APT. 2108, AVENTURA FL 33180
Todd Raarup	director	133 PROSPECTOR LANE 4102, ASPEN CO 81611
Howard Ash	director	4233 SHERIDAN AVE, MIAMI BEACH FL 33140
Jonathan Fichman	director	9324 NW 10TH STREET, PLANTATION FL 33322
John Joseph Wiegand	director	1250 EASTON ROAD, SUITE 190 A, HORSHAM PA 19044
Drew J Freeman	director	2542 NASSAU LANE, FORT LAUDERDALE FL 33312
Oleg Firer	director, 10 percent owner, officer: Chief Executive Officer	11 YELLOWSTONE DRIVE, OLD BRIDGE NJ 08857
James Caan	director	1450 SOUTH MIAMI AVENUE, MIAMI FL 33130
Kenges Rakishev	director	SAF & CO., 214 MUKANOVA STREET, ALMATY 1P 050008
Jonathan New	officer: Chief Financial Officer	12100 NE 16TH AVENUE, #210, NORTH MIAMI FL 33161
William Healy	director	16W281 83RD STREET, SUITE B, BURR RIDGE IL 60527
Kelley David P Ii	director	C/O ARCO CAPITAL MANAGEMENT LLC, 7 SHEINOVO STREET, SOFIA E0 1504