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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. iSun's retained earnings for the quarter that ended in Dec. 2023 was $-74.20 Mil.
iSun's quarterly retained earnings declined from Jun. 2023 ($-60.29 Mil) to Sep. 2023 ($-62.54 Mil) and declined from Sep. 2023 ($-62.54 Mil) to Dec. 2023 ($-74.20 Mil).
iSun's annual retained earnings declined from Dec. 2021 ($-1.01 Mil) to Dec. 2022 ($-54.79 Mil) and declined from Dec. 2022 ($-54.79 Mil) to Dec. 2023 ($-74.20 Mil).
The historical data trend for iSun'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.
iSun Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 6.56 | 5.30 | -1.01 | -54.79 | -74.20 |
iSun Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | -54.79 | -57.78 | -60.29 | -62.54 | -74.20 |
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.
iSun (OTCPK:ISUNQ) 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.
Claudia Michel Meer | director | 5425 WICKFORD DRIVE, NORTH BETHESDA MD 20852 |
Frederick Jr Myrick | director, 10 percent owner, officer: Executive Vice President | 1 HICKORY LANE, ESSEX JUNCTION VT 05452 |
Jeffrey Peck | director, 10 percent owner, officer: Chief Executive Officer | 618 BRENNAN WOODS DRIVE, WILLISTON VT 05495 |
John Patrick Sullivan | officer: Chief Financial Officer | 97 OVERLAKE PARK, BURLINGTON VT 05401 |
Michael Paul D'amato | officer: Chief Strategy Officer | 208 MIDWOOD STREET, BROOKLYN NY 11225 |
Daniel Reid Dus | officer: President of iSun Industrial | 850 SUMMER ST, M9, LEE MA 01238 |
Andrew Christian Matthy | director | 400 AVENUE D, WILLISTON VT 05495 |
Merritt Harold Kenneth Jr. | officer: Secretary | C/O ISUN, INC., 400 AVE D, SUITE 10, WILLISTON VT 05495 |
Sass Peress | officer: Chief Innovation Officer | 7501 MOUNTAIN SIGHTS, APT 505, MONTREAL A8 H4P0A8 |
Mats Wennberg | 10 percent owner | 240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236 |
Joseph A Bobier | other: Member of group that owns 10% | 240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236 |
Roger G Branton | 10 percent owner | 240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236 |
Richard L Mooers | 10 percent owner | 240 S PINEAPPLE AVE, STE 701, SARASOTA FL 34236 |
Douglas Rose | director | 802 HITCHING POST RD, VISTA CA 92081 |
Stewart I. Martin | director | 598 SW 16TH STREET, BOCA RATON FL 33432 |
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