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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Rivian Automotive's retained earnings for the quarter that ended in Dec. 2023 was $-18,558 Mil.
Rivian Automotive's quarterly retained earnings declined from Jun. 2023 ($-15,670 Mil) to Sep. 2023 ($-17,037 Mil) and declined from Sep. 2023 ($-17,037 Mil) to Dec. 2023 ($-18,558 Mil).
Rivian Automotive's annual retained earnings declined from Dec. 2021 ($-6,374 Mil) to Dec. 2022 ($-13,126 Mil) and declined from Dec. 2022 ($-13,126 Mil) to Dec. 2023 ($-18,558 Mil).
The historical data trend for Rivian Automotive'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.
Rivian Automotive Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Retained Earnings | -668.00 | -1,686.00 | -6,374.00 | -13,126.00 | -18,558.00 |
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.
Rivian Automotive (NAS:RIVN) 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.
Claire Mcdonough | officer: Chief Financial Officer | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Kjell Gruner | officer: Chief Commercial Officer | C/O HARLEY-DAVIDSON, INC., 3700 W JUNEAU AVENUE, MILWAUKEE WI 53208 |
John Krafcik | director | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Jeff Baker | officer: Chief Accounting Officer | 1221 BROADWAY, OAKLAND CA 94612 |
Harald Kroeger | director | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92606 |
Jay T Flatley | director | 9885 TOWNE CENTRE DR, SAN DIEGO CA 92121 |
Jiten Behl | officer: Chief Growth Officer | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Robert J Scaringe | director, officer: Chief Executive Officer | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Ford Motor Co | 10 percent owner | ONE AMERICAN RD, DEARBORN MI 48126 |
Pamela Thomas-graham | director | C/O IDENIX PHARMACEUTICALS, INC., 60 HAMPSHIRE STREET, CAMBRIDGE MA 02139 |
Karen Boone | director | 15 KOCH ROAD, SUITE J, CORTE MADERA CA 94925 |
Rose M Marcario | director | 21101 OXNARD STREET, WOODLAND HILLS CA 91367 |
Peter Krawiec | director | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Sanford Harold Schwartz | director | C/O RIVIAN AUTOMOTIVE, INC., 14600 MYFORD ROAD, IRVINE CA 92618 |
Amazon Com Inc | director, 10 percent owner | 410 TERRY AVENUE NORTH, SEATTLE WA 98109 |
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