LUNR (Intuitive Machines) Retained Earnings : $-484.0 Mil (As of Sep. 2024)

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What is Intuitive Machines Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Intuitive Machines's retained earnings for the quarter that ended in Sep. 2024 was $-484.0 Mil.

Intuitive Machines's quarterly retained earnings increased from Mar. 2024 ($-480.8 Mil) to Jun. 2024 ($-222.2 Mil) but then declined from Jun. 2024 ($-222.2 Mil) to Sep. 2024 ($-484.0 Mil).

Intuitive Machines's annual retained earnings declined from Dec. 2021 ($-66.2 Mil) to Dec. 2022 ($-72.6 Mil) and declined from Dec. 2022 ($-72.6 Mil) to Dec. 2023 ($-250.5 Mil).

Intuitive Machines Retained Earnings Historical Data

The historical data trend for Intuitive Machines'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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Intuitive Machines Retained Earnings Chart

Intuitive Machines Annual Data

Trend

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-30.53

-66.18

-72.59

-250.47

Intuitive Machines Quarterly Data
	Dec20	Jun21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial									-333.40	-250.47	-480.84	-222.20	-484.00

Intuitive Machines 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.

Intuitive Machines (NAS:LUNR) 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.

Intuitive Machines Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Intuitive Machines Inc (NAS:LUNR) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

13467 Columbia Shuttle Street, Houston, TX, USA, 77059

Website

https://www.intuitivemachines.com

Intuitive Machines Inc is a space exploration, infrastructure, and services company. It is a diversified space company focused on space exploration. It supplies space products and services to support sustained robotic and human exploration to the Moon, Mars, and beyond. Its products and services are offered through its four business units: Lunar Access Services, Orbital Services, Lunar Data Services, and Space Products and Infrastructure.

Executives

Kamal Seyed Ghaffarian	director, 10 percent owner, officer: Executive Chairman	C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Stephen J Altemus	director, 10 percent owner, officer: Chief Executive Officer	C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Crain Timothy Price Ii	10 percent owner, officer: Chief Technology Officer	C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Michael Blitzer	director, 10 percent owner, officer: Co-Chief Executive Officer	1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Steven Vontur	officer: Corporate Controller	C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Guy Shanon	director, 10 percent owner, officer: Co-Chief Executive Officer	1270 BROADWAY, SUITE 1009, NEW YORK NY 10001
Nicole Seligman	director	C/O VIACOM INC., 1515 BROADWAY, NEW YORK NY 10036
Anna Chiara Jones	officer: GC & Corporate Secretary	C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Masson Robert L. Ii	director	787 WATERVLIET SHAKER ROAD, LATHAM NY 12110
Gm Enterprises, Llc	10 percent owner	801 THOMPSON AVENUE, ROCKVILLE MD 20852
Intuitive Machines Kg Parent, Llc	10 percent owner	801 THOMPSON AVENUE, ROCKVILLE MD 20852
Ghaffarian Enterprises, Llc	10 percent owner	801 THOMPSON AVENUE, ROCKVILLE MD 20852
Liquori William John Jr	director	C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Sallee Erik Robinson Worley	officer: Chief Financial Officer	C/O INTUITIVE MACHINES, 3700 BAY AREA BLVD., HOUSTON TX 77058
Hgc Investment Management Inc.	10 percent owner	1073 YONGE ST, 2ND FLOOR, TORONTO A6 M4W 2L2