Prospect Capital (Prospect Capital) Retained Earnings : $-496.06 Mil (As of Dec. 2023)

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What is Prospect Capital Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Prospect Capital's retained earnings for the quarter that ended in Dec. 2023 was $-496.06 Mil.

Prospect Capital's quarterly retained earnings increased from Jun. 2023 ($-391.33 Mil) to Sep. 2023 ($-370.57 Mil) but then declined from Sep. 2023 ($-370.57 Mil) to Dec. 2023 ($-496.06 Mil).

Prospect Capital's annual retained earnings increased from Jun. 2021 ($-210.57 Mil) to Jun. 2022 ($68.36 Mil) but then declined from Jun. 2022 ($68.36 Mil) to Jun. 2023 ($-391.33 Mil).

Prospect Capital Retained Earnings Historical Data

The historical data trend for Prospect Capital'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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Prospect Capital Retained Earnings Chart

Prospect Capital Annual Data

Trend

Jun14

Jun15

Jun16

Jun17

Jun18

Jun19

Jun20

Jun21

Jun22

Jun23

Retained Earnings

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-733.96

-930.93

-210.57

68.36

-391.33

Prospect Capital Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-123.96	-304.89	-391.33	-370.57	-496.06

Prospect Capital 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.

Prospect Capital (NAS:PSEC) 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.

Prospect Capital (Prospect Capital) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » Prospect Capital Corp (NAS:PSEC) » Definitions » Retained Earnings

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PSECpA.PFD:USA RK8:Germany RK8:Germany

Address

10 East 40th Street, 42nd Floor, New York, NY, USA, 10016

Website

https://www.prospectstreet.com

Prospect Capital Corp is a closed-end investment company based in the United States. Its investment objective is to generate both current income and long-term capital appreciation through debt and equity investments. The company invests primarily in senior and subordinated debt and equity of private companies for acquisitions, divestitures, growth, development, recapitalizations, and other purposes. It makes investments, including lending in private equity, sponsored transactions, directly to companies, investments in structured credit, real estate, and syndicated debt.

Executives

M Grier Eliasek	director, officer: President and COO	C/O PROSPECT ENERGY CORPORATION, 10 E. 40TH STREET, 40TH FLOOR, NEW YORK NY 10016
Van Dask Kristin Lea	officer: CFO, TREASURER, SECRETARY, CCO	10 EAST 40TH ST, NEW YORK NY 10016
John F Barry	director, officer: Chief Executive Officer	C/O PROSPECT ENERGY CORPORATION, 10 EAST 40TH STREET, 42TH FLOOR, NEW YORK NY 10016
Eugene S Stark	officer: Chief Financial Officer	GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
William Gremp	director	10 E. 40TH ST, 44TH FLOOR, NEW YORK NY 10016
Brian H Oswald	officer: CCO and Secretary, other: CCO and Secretary
Matthew C. Barry	other: Family Insider	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Graham Anderson	director	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Andrew C. Cooper	director	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Robert Everett	other: VP	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Simon Marom	other: VP- Legal	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Robert Kleinman	other: Senior VP	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
David Belzer	other: Managing Director	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
Amir Friedman	other: VP	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016
William Montgomery Cook	other: Managing Director	10 EAST 40TH STREET, 44TH FLOOR, NEW YORK NY 10016