LOCL (Local Bounti) Retained Earnings : $-423.23 Mil (As of Dec. 2024)

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What is Local Bounti Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Local Bounti's retained earnings for the quarter that ended in Dec. 2024 was $-423.23 Mil.

Local Bounti's quarterly retained earnings declined from Jun. 2024 ($-352.65 Mil) to Sep. 2024 ($-386.97 Mil) and declined from Sep. 2024 ($-386.97 Mil) to Dec. 2024 ($-423.23 Mil).

Local Bounti's annual retained earnings declined from Dec. 2022 ($-179.31 Mil) to Dec. 2023 ($-303.33 Mil) and declined from Dec. 2023 ($-303.33 Mil) to Dec. 2024 ($-423.23 Mil).

Local Bounti Retained Earnings Historical Data

The historical data trend for Local Bounti'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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Local Bounti Retained Earnings Chart

Local Bounti Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Dec24

Retained Earnings

-12.15

-68.24

-179.31

-303.33

-423.23

Local Bounti Quarterly Data
	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Retained Earnings	Get a 7-Day Free Trial												-303.33	-327.38	-352.65	-386.97	-423.23

Local Bounti 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.

Local Bounti (NYSE:LOCL) 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.

Local Bounti Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Local Bounti Corp (NYSE:LOCL) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

400 W. Main Street, Hamilton, MT, USA, 59840

Website

https://www.localbounti.com

Local Bounti Corp is a controlled environment agriculture company. Its business model is based on building local facilities, operated by local teams, to deliver fresh and quality produce to local communities while maintaining a limited carbon footprint. Using proprietary technology to grow leafy greens and herbs in smart greenhouses with a cultivation process that uses less water and land than conventional agriculture, free from herbicides or pesticides, it delivers products that have a longer shelf life, and are good in taste.

Executives

Travis M. Joyner	director, officer: Co-Chief Executive Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Kathleen Valiasek	officer: Chief Financial Officer	AMYRIS, INC., 5850 HOLLIS STREET SUITE 100, EMERYVILLE CA 94608
Craig M. Hurlbert	director, officer: Co-Chief Executive Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Jennifer Carr-smith	director	28 LIBERTY STREET, NEW YORK NY 10005
Mark Joseph Nelson	director	LOCAL BOUNTI CORPORATION, 220 W MAIN STREET, HAMILTON MT 59840
B. David Vosburg	officer: Chief Innovation Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Anna M. Fabrega	officer: Chief Executive Officer	C/O AMERICAN PUBLIC EDUCATION, INC., 111 WEST CONGRESS STREET, CHARLES TOWN WV 25414
Edward C Forst	director	85 BROAD STREET, NEW YORK NY 10004
Matthew Nordby	director	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Brian C. Cook	officer: President	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Margaret Mccandless	officer: General Counsel & Secretary	C/O ROYAL GOLD, 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Charles R. Schwab	10 percent owner	PO BOX 2226, PALM BEACH FL 33480
Mark Alan Mckinney	officer: Chief Operating Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Gary Hilberg	officer: Chief Sustainability Officer	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840
Pamela Brewster	director	C/O LOCAL BOUNTI CORPORATION, 490 FOLEY LANE, HAMILTON MT 59840