GX Acquisition (GX Acquisition) Retained Earnings : $-39.58 Mil (As of Mar. 2021)

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What is GX Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. GX Acquisition's retained earnings for the quarter that ended in Mar. 2021 was $-39.58 Mil.

GX Acquisition's quarterly retained earnings declined from Sep. 2020 ($3.36 Mil) to Dec. 2020 ($-43.38 Mil) but then increased from Dec. 2020 ($-43.38 Mil) to Mar. 2021 ($-39.58 Mil).

GX Acquisition's annual retained earnings increased from Dec. 2018 ($-0.00 Mil) to Dec. 2019 ($3.88 Mil) but then declined from Dec. 2019 ($3.88 Mil) to Dec. 2020 ($-43.38 Mil).

GX Acquisition Retained Earnings Historical Data

The historical data trend for GX 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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GX Acquisition Retained Earnings Chart

GX Acquisition Annual Data

Trend

Dec18

Dec19

Dec20

Retained Earnings

3.88

-43.38

GX Acquisition Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21
Retained Earnings	Get a 7-Day Free Trial				3.54	3.39	3.36	-43.38	-39.58

GX 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.

GX Acquisition (NAS:GXGXU) 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.

GX Acquisition (GX Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » GX Acquisition Corp (NAS:GXGXU) » Definitions » Retained Earnings

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Traded in Other Exchanges

N/A

Address

1325 Avenue of the Americas, 25th Floor, New York, NY, USA, 10019

Website

GX Acquisition Corp is blank check company.

Executives

Paul S Levy	director	JOSEPH LITTLEJOHN & LEVY, 450 LEXINGTON AVE STE 3350, NEW YORK NY 10036
Marc Mazur	director	31 WEST 52ND ST. 17TH FLOOR, NEW YORK NY 10019
Dean C Kehler	director, officer: Co-CEO and Chairman	C/O TRIMARAN CAPITAL PARTNERS, 622 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017
Jay R Bloom	director, officer: Co-CEO and Chairman	C/O TRIMARAN CAPITAL PARTNERS, 622 THIRD AVENUE, 35TH FLOOR, NEW YORK NY 10017
Gx Sponsor Llc	10 percent owner	1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
Andrea J. Kellett	officer: Chief Financial Officer	1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
Michael G Maselli	officer: Vice President of Acquisitions	1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019
Hillel Weinberger	director	1325 AVENUE OF THE AMERICAS, 25TH FLOOR, NEW YORK NY 10019