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FAST Acquisition (FAST Acquisition) Retained Earnings : $-17.15 Mil (As of Jun. 2022)


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What is FAST Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. FAST Acquisition's retained earnings for the quarter that ended in Jun. 2022 was $-17.15 Mil.

FAST Acquisition's quarterly retained earnings increased from Dec. 2021 ($-74.72 Mil) to Mar. 2022 ($-31.17 Mil) and increased from Mar. 2022 ($-31.17 Mil) to Jun. 2022 ($-17.15 Mil).

FAST Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2020 ($-34.16 Mil) but then declined from Dec. 2020 ($-34.16 Mil) to Dec. 2021 ($-74.72 Mil).


FAST Acquisition Retained Earnings Historical Data

The historical data trend for FAST 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.

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FAST Acquisition Retained Earnings Chart

FAST Acquisition Annual Data
Trend Dec20 Dec21
Retained Earnings
-34.16 -74.72

FAST Acquisition Quarterly Data
Jun20 Sep20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22
Retained Earnings Get a 7-Day Free Trial -39.25 -104.59 -74.72 -31.17 -17.15

FAST Acquisition 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.


FAST Acquisition  (NYSE:FST.U) 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.


FAST Acquisition (FAST Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
109 Old Branchville Road, Ridgefield, CT, USA, 06877
FAST Acquisition Corp is a blank check company.
Executives
Chatham Asset Management, Llc 10 percent owner 26 MAIN STREET, SUITE 204, CHATHAM NJ 07928
Michael Lastoria director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877
Glazer Capital, Llc 10 percent owner 250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer 10 percent owner 250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Kevin Michael Reddy director 3 MINETTA STREET, NEW YORK NY 10012
Kimberly Grant officer: Chief Strategy Officer 150 WEST CHURCH AVENUE, MARYVILLE TN 37801
Alice Elliot director C/O BARFRESH FOOD GROUP, INC., 8530 WILSHIRE BOULEVARD, SUITE 450, BEVERLY HILLS CA 90211
Ramin Arani director C/O LIVEXLIVE MEDIA, INC, 920 SUNSET BOULEVARD, SUITE #1201, WEST HOLLYWOOD CA 90069
Todd Higgins officer: Chief Operating Officer 3 MINETTA STREET, NEW YORK NY 10012
Garrett Schreiber officer: Chief Financial Officer 3 MINETTA STREET, NEW YORK NY 10012
Sandy Beall officer: Co-Chief Executive Officer 3 MINETTA STREET, NEW YORK NY 10012
Fast Sponsor, Llc 10 percent owner, other: Director by Deputization 3 MINETTA STREET, NEW YORK NY 10012
William Douglas Jacob director, 10 percent owner, officer: Co-Chief Executive Officer 3 MINETTA STREET, NEW YORK NY 10012
Sanjay Chadda director 3 MINETTA STREET, NEW YORK NY 10012
Steve Kassin director C/O VELOCITY ACQUISITION CORP., 109 OLD BRANCHVILLE RD, RIDGEFIELD CT 06877