Core Scientific (Core Scientific) Retained Earnings : $-2,420.2 Mil (As of Dec. 2023)

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What is Core Scientific Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Core Scientific's retained earnings for the quarter that ended in Dec. 2023 was $-2,420.2 Mil.

Core Scientific's quarterly retained earnings declined from Jun. 2023 ($-2,183.4 Mil) to Sep. 2023 ($-2,224.5 Mil) and declined from Sep. 2023 ($-2,224.5 Mil) to Dec. 2023 ($-2,420.2 Mil).

Core Scientific's annual retained earnings declined from Dec. 2021 ($-27.4 Mil) to Dec. 2022 ($-2,173.8 Mil) and declined from Dec. 2022 ($-2,173.8 Mil) to Dec. 2023 ($-2,420.2 Mil).

Core Scientific Retained Earnings Historical Data

The historical data trend for Core Scientific'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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Core Scientific Retained Earnings Chart

Core Scientific Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-62.54

-74.74

-27.43

-2,173.75

-2,420.24

Core Scientific Quarterly Data
	Dec19	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial										-2,173.75	-2,185.44	-2,183.40	-2,224.54	-2,420.24

Core Scientific 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.

Core Scientific (NAS:CORZ) 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.

Core Scientific (Core Scientific) Business Description

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CORZQ:USA

Address

210 Barton Springs Road, Austin, TX, USA, 78704

Website

https://www.corescientific.com

Core Scientific Inc is engaged in Blockchain and AI Infrastructure, Digital Asset Self-Mining, Premium Hosting, Blockchain Technology, and Artificial Intelligence related services. The business operates in two segments being; Equipment Sales and Hosting which consists of blockchain infrastructure, third-party hosting business and equipment sales to customers. Mining segment consists of digital asset mining for its account. The blockchain business generates revenue from the sale of consumption-based contracts and by providing hosting services. The digital asset mining segment earns revenue from operating a firm's owned computer equipment as part of a pool of users that process transactions conducted on one or more blockchain networks. In exchange, it receives digital currency assets.