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Melco Resorts and Entertainment (Melco Resorts and Entertainment) Retained Earnings : $-4,057 Mil (As of Dec. 2023)


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What is Melco Resorts and Entertainment Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Melco Resorts and Entertainment's retained earnings for the quarter that ended in Dec. 2023 was $-4,057 Mil.

Melco Resorts and Entertainment's quarterly retained earnings declined from Jun. 2023 ($-3,835 Mil) to Sep. 2023 ($-3,851 Mil) and declined from Sep. 2023 ($-3,851 Mil) to Dec. 2023 ($-4,057 Mil).

Melco Resorts and Entertainment's annual retained earnings declined from Dec. 2021 ($-2,800 Mil) to Dec. 2022 ($-3,730 Mil) and declined from Dec. 2022 ($-3,730 Mil) to Dec. 2023 ($-4,057 Mil).


Melco Resorts and Entertainment Retained Earnings Historical Data

The historical data trend for Melco Resorts and Entertainment'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.

* Premium members only.

Melco Resorts and Entertainment Retained Earnings Chart

Melco Resorts and Entertainment Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -644.79 -1,987.40 -2,799.56 -3,729.95 -4,056.87

Melco Resorts and Entertainment 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -3,729.95 -3,811.24 -3,834.68 -3,850.98 -4,056.87

Melco Resorts and Entertainment 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.


Melco Resorts and Entertainment  (NAS:MLCO) 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.


Melco Resorts and Entertainment (Melco Resorts and Entertainment) Business Description

Traded in Other Exchanges
Address
60 Wyndham Street, 38th Floor, The Centrium, Central, Hong Kong, HKG
Melco Resorts & Entertainment is one of only six licensed casino operators in Macao. It operates Altira, a complex focused on VIP customers; City of Dreams, an integrated resort in Cotai serving both mass-market and premium patrons; and Mocha Clubs electronic gaming machines. The company also has a majority interest in Studio City, which opened in 2015. Outside Macao, Melco owns City of Dreams Manila in the Philippines and City of Dreams Mediterranean in Cyprus. The business mix in terms of adjusted EBITDA was about 84% from Macao with the rest largely from the Philippines as of 2019.

Melco Resorts and Entertainment (Melco Resorts and Entertainment) Headlines