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BCSA (Blockchain Coinvestors Acquisition I) Retained Earnings : $-13.25 Mil (As of Jun. 2024)


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What is Blockchain Coinvestors Acquisition I Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Blockchain Coinvestors Acquisition I's retained earnings for the quarter that ended in Jun. 2024 was $-13.25 Mil.

Blockchain Coinvestors Acquisition I's quarterly retained earnings increased from Dec. 2023 ($-13.90 Mil) to Mar. 2024 ($-12.30 Mil) but then declined from Mar. 2024 ($-12.30 Mil) to Jun. 2024 ($-13.25 Mil).

Blockchain Coinvestors Acquisition I's annual retained earnings increased from Dec. 2021 ($-21.86 Mil) to Dec. 2022 ($-16.67 Mil) and increased from Dec. 2022 ($-16.67 Mil) to Dec. 2023 ($-13.90 Mil).

Blockchain Coinvestors Acquisition I Retained Earnings Historical Data

The historical data trend for Blockchain Coinvestors Acquisition I'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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Blockchain Coinvestors Acquisition I Retained Earnings Chart

Blockchain Coinvestors Acquisition I Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
-21.86 -16.67 -13.90

Blockchain Coinvestors Acquisition I Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -18.92 -18.99 -13.90 -12.30 -13.25

Blockchain Coinvestors Acquisition I 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.

Blockchain Coinvestors Acquisition I  (NAS:BCSA) 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.

Blockchain Coinvestors Acquisition I Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Blockchain Coinvestors Acquisition Corp I (NAS:BCSA) » Definitions » Retained Earnings
Comparable Companies
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Traded in Other Exchanges
N/A
Address
Boundary Hall, Cricket Square, PO Box 1093, Grand Cayman, CYM, KY1-1102
Website
https://www.blockchaincac1.com
Blockchain Coinvestors Acquisition Corp I is a blank check company.
Executives
Saba Capital Management, L.p. 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Boaz Weinstein 10 percent owner 405 LEXINGTON AVENUE, 58TH FLOOR, NEW YORK NY 10174
Mitchell Mechigian officer: Chief Financial Officer P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Alison Davis 10 percent owner, officer: Managing Director 255 FISERV DRIVE, BROOKFIELD WI 53045
Lou Kerner director, 10 percent owner, officer: Managing Director and CEO P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Wiel Colin T. director P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Le Merle Matthew C director, 10 percent owner, officer: Managing Director and Chair 4545 PARADISE DRIVE, TIBURON CA 94920
Blockchain Coinvestors Acquisition Sponsors I Llc 10 percent owner 1120 NW COUCH STREET, 10TH FLOOR, PORTLAND OR 97209
Gary Lloyd Cookhorn director P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102
Rebecca Lynn Macieira-kaufmann director P.O. BOX 1093, BOUNDRY HALL, CRICKET SQUARE, GRAND CAYMAN E9 KY1-1102