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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Bright Lights Acquisition's retained earnings for the quarter that ended in Sep. 2022 was $-12.05 Mil.
Bright Lights Acquisition's quarterly retained earnings increased from Mar. 2022 ($-23.67 Mil) to Jun. 2022 ($-15.33 Mil) and increased from Jun. 2022 ($-15.33 Mil) to Sep. 2022 ($-12.05 Mil).
Bright Lights Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2020 ($-0.00 Mil) but then declined from Dec. 2020 ($-0.00 Mil) to Dec. 2021 ($-27.32 Mil).
The historical data trend for Bright Lights Acquisition'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.
Bright Lights Acquisition Annual Data | |||||
Trend | Dec20 | Dec21 | |||
Retained Earnings | - | -27.32 |
Bright Lights Acquisition Quarterly Data | |||||||||
Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Retained Earnings | Get a 7-Day Free Trial | -27.36 | -27.32 | -23.67 | -15.33 | -12.05 |
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.
Bright Lights Acquisition (NAS:BLTSU) 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.
Mark S Shapiro | director | C/O RED ZONE LLC, 21300 REDSKIN PARK DRIVE, ASHBURN VA 20147 |
Peter Guber | director | 4751 WILSHIRE BLVD, 3RD FLOOR, LOS ANGELES CA 90010 |
John Howard | director | 277 PARK AVENUE, 39TH FLOOR, NEW YORK NY 10172 |
Bright Lights Sponsor Llc | 10 percent owner, other: See Remarks. | 12100 WILSHIIRE BLVD SUITE 1150, LOS ANGELES CA 90025 |
Allen Shapiro | director | C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025 |
Michael Mahan | director, 10 percent owner, officer: CEO | C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025 |
Bright Lights Holdco Llc | 10 percent owner, other: See Remarks. | C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025 |
Ciara Wilson | director | C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025 |
Selena Kalvaria | director | C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025 |
Hahn Lee | officer: CFO & Secretary | C/O BRIGHT LIGHTS ACQUISITION CORP., 12100 WILSHIRE BLVD SUITE 1150, LOS ANGELES CA 90025 |
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