Great Basin Scientific (Great Basin Scientific) Retained Earnings : $-189.55 Mil (As of Mar. 2017)

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What is Great Basin Scientific Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Great Basin Scientific's retained earnings for the quarter that ended in Mar. 2017 was $-189.55 Mil.

Great Basin Scientific's quarterly retained earnings declined from Sep. 2016 ($-204.88 Mil) to Dec. 2016 ($-211.05 Mil) but then increased from Dec. 2016 ($-211.05 Mil) to Mar. 2017 ($-189.55 Mil).

Great Basin Scientific's annual retained earnings declined from Dec. 2014 ($-64.01 Mil) to Dec. 2015 ($-121.90 Mil) and declined from Dec. 2015 ($-121.90 Mil) to Dec. 2016 ($-211.05 Mil).

Great Basin Scientific Retained Earnings Historical Data

The historical data trend for Great Basin 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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Great Basin Scientific Retained Earnings Chart

Great Basin Scientific Annual Data

Trend

Dec12

Dec13

Dec14

Dec15

Dec16

Retained Earnings

-32.72

-42.28

-64.01

-121.90

-211.05

Great Basin Scientific Quarterly Data
	Dec12	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Retained Earnings	Get a 7-Day Free Trial												-155.56	-175.83	-204.88	-211.05	-189.55

Great Basin 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.

Great Basin Scientific (GREY:GBSNQ) 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.

Great Basin Scientific (Great Basin Scientific) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Diagnostics & Research » Great Basin Scientific Inc (GREY:GBSNQ) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

420 East South Temple, Suite 520, Salt Lake City, UT, USA, 84111

Website

http://www.gbscience.com

Great Basin Scientific Inc is the United States based molecular diagnostic testing company. It is focused on the development and commercialization of molecular diagnostic platform designed to test for the infectious disease, especially hospital-acquired infections. Molecular diagnostic testing reduces test time from days to hours compared to culture methods. The company's system includes an analyzer, which it provides for the customers' use without charge in the United States, and a diagnostic cartridge, which it sells to the customers. The group derives its revenue from the sale of single-use assays sold in the United States, the European Union, and New Zealand, of which majority of the revenue is generated from the United States.

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