Light (BSP:LIGT3) Retained Earnings : R$-2,253 Mil (As of Dec. 2023)

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What is Light Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Light's retained earnings for the quarter that ended in Dec. 2023 was R$-2,253 Mil.

Light's quarterly retained earnings declined from Jun. 2023 (R$-5,434 Mil) to Sep. 2023 (R$-5,441 Mil) but then increased from Sep. 2023 (R$-5,441 Mil) to Dec. 2023 (R$-2,253 Mil).

Light's annual retained earnings declined from Dec. 2021 (R$0 Mil) to Dec. 2022 (R$-5,657 Mil) but then increased from Dec. 2022 (R$-5,657 Mil) to Dec. 2023 (R$-2,253 Mil).

Light Retained Earnings Historical Data

The historical data trend for Light'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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Light Retained Earnings Chart

Light Annual Data

Trend

Dec14

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Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-5,657.37

-2,252.79

Light 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															-5,657.37	-5,546.50	-5,433.50	-5,440.79	-2,252.79

Light 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.

Light (BSP:LIGT3) 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.

Light (BSP:LIGT3) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Independent Power Producers » Light SA (BSP:LIGT3) » Definitions » Retained Earnings

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LGSXY:USA

Address

Rua Marechal Floriano, nº 168, block 1 – 2nd floor, Rio de Janeiro, RJ, BRA, 20080-002

Website

https://ri.light.com.br

Light SA is a Brazilian private-public utility of which the state-owned power company, CEMIG, wields a controlling stake. Headquartered in the city of Rio de Janeiro, Light primarily generates, distributes, and trades energy. To do this, the company owns and operates a portfolio of hydroelectric power plants that serve the Brazilian state of Rio de Janeiro. Light derives most of its revenue from the supplying of energy, with network usage and the construction of assets also bringing in substantial amounts of revenue. The vast majority of the company's customers are residential consumers. Larger commercial customers represent the second- largest group.

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