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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. iGen Networks's retained earnings for the quarter that ended in Sep. 2023 was $-21.24 Mil.
iGen Networks's quarterly retained earnings declined from Mar. 2023 ($-20.34 Mil) to Jun. 2023 ($-21.02 Mil) and declined from Jun. 2023 ($-21.02 Mil) to Sep. 2023 ($-21.24 Mil).
iGen Networks's annual retained earnings declined from Dec. 2020 ($-15.19 Mil) to Dec. 2021 ($-19.08 Mil) and declined from Dec. 2021 ($-19.08 Mil) to Dec. 2022 ($-20.17 Mil).
The historical data trend for iGen Networks'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.
iGen Networks Annual Data | |||||||||||||||||||||
Trend | Dec13 | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -11.05 | -11.63 | -15.19 | -19.08 | -20.17 |
iGen Networks Quarterly Data | ||||||||||||||||||||
Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | |
Retained Earnings | Get a 7-Day Free Trial | -19.74 | -20.17 | -20.34 | -21.02 | -21.24 |
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.
iGen Networks (OTCPK:IGEN) 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.
Neil Gene Chan | director, officer: CEO | 1075 ST. DAVID STREET, VICTORIA A1 V8S 4Y7 |
Robert G Friedman | director, 10 percent owner | 510 EAST 80 STREET, NEW YORK NY 10075 |
Sierra Abel Israel Sr | officer: VP/GM | 28375 ROSTRATA AVE, LAKE ELSINORE CA 92532 |
Robert Nealon | director | 119 NORTH HENRY STREET, ALEXANDRIA VA 22314 |
Richard Allan Freeman | director, officer: COO | 361 WEST 20TH AVE, VANCOUVER A1 V5Y 2C5 |
Richard Gilbertson | director, officer: Chief Financial Officer | 408 WEST PALM AIRE DRIVE, POMPANO BEACH FL 33069 |
Chris Shade | director | 84283 - 5512 4TH STREET NW, CALGARY A0 T2K 1A9 |
Monty Ormsby | director, officer: President | 5605 INDIGO BAY WAY, LAS VEGAS NV 89131 |
Michael Grudman | director, officer: CFO | 104 - 838 W16TH AVE, VANCOUVER A1 V5Z 1T1 |
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