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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ModivCare's retained earnings for the quarter that ended in Mar. 2024 was $-47 Mil.
ModivCare's quarterly retained earnings declined from Sep. 2023 ($-19 Mil) to Dec. 2023 ($-24 Mil) and declined from Dec. 2023 ($-24 Mil) to Mar. 2024 ($-47 Mil).
ModivCare's annual retained earnings declined from Dec. 2021 ($212 Mil) to Dec. 2022 ($180 Mil) and declined from Dec. 2022 ($180 Mil) to Dec. 2023 ($-24 Mil).
The historical data trend for ModivCare'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.
ModivCare Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 183.73 | 218.41 | 211.83 | 180.02 | -24.44 |
ModivCare Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | 176.06 | -14.88 | -19.19 | -24.44 | -46.74 |
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.
ModivCare (NAS:MODV) 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.
Barbara Gutierrez | officer: Chief Financial Officer | 8950 E. LOWRY BLVD., DENVER CO 80230 |
L Heath Sampson | officer: Chief Financial Officer | C/O ADVANCED EMISSIONS SOLUTIONS, INC., 9135 S RIDGELINE BLVD STE 200, HIGHLANDS RANCH CO 80129 |
Coliseum Capital Management, Llc | director, 10 percent owner | 105 ROWAYTON AVENUE, ROWAYTON CT 06853 |
Henry Toledo | officer: Chief People Officer | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Jessica Kral | officer: Chief Information Officer | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Anne E, Bailey | officer: President, Home Division | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Rebecca Orcutt | officer: VP, Chief Accounting Officer | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Brett M. Hickman | officer: Chief Commercial Officer | 6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237 |
Ilias Simpson | officer: President, Transportation | 6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237 |
Jason E Anderson | officer: President of ModivCare Home | 6900 LAYTON AVENUE, SUITE 1200, DENVER CO 80237 |
Grover Wray | officer: Chief Human Resources Officer | DIGITALGLOBE, INC., 1300 WEST 120TH AVENUE, WESTMINSTER CO 80234 |
Daniel E Greenleaf | director, officer: CEO and President | C/O NABI BIO PHARMACEUTICALS, 5800 PARK OF COMMERCE BLVD., N.W., BOCA RATON FL 33487 |
Jonathan B Bush | officer: SVP, GC and Secretary | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Kenneth Shepard | officer: Vice President, CAO | 6900 LAYTON AVENUE, 12TH FLOOR, DENVER CO 80237 |
Stacy Saal | director | 4700 SOUTH SYRACUSE STREET, 4TH FLOOR, DENVER CO 80237 |
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