RCLFU (Rosecliff Acquisition I) Retained Earnings : $-14.48 Mil (As of Jun. 2023)

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What is Rosecliff Acquisition I Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Rosecliff Acquisition I's retained earnings for the quarter that ended in Jun. 2023 was $-14.48 Mil.

Rosecliff Acquisition I's quarterly retained earnings declined from Dec. 2022 ($-12.10 Mil) to Mar. 2023 ($-13.41 Mil) and declined from Mar. 2023 ($-13.41 Mil) to Jun. 2023 ($-14.48 Mil).

Rosecliff Acquisition I's annual retained earnings declined from Dec. 2020 ($-0.00 Mil) to Dec. 2021 ($-20.83 Mil) but then increased from Dec. 2021 ($-20.83 Mil) to Dec. 2022 ($-12.10 Mil).

Rosecliff Acquisition I Retained Earnings Historical Data

The historical data trend for Rosecliff Acquisition I'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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Rosecliff Acquisition I Retained Earnings Chart

Rosecliff Acquisition I Annual Data

Trend

Dec20

Dec21

Dec22

Retained Earnings

-20.83

-12.10

Rosecliff Acquisition I Quarterly Data
	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23
Retained Earnings	Get a 7-Day Free Trial					-12.41	-12.07	-12.10	-13.41	-14.48

Rosecliff Acquisition I 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.

Rosecliff Acquisition I (NAS:RCLFU) 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.

Rosecliff Acquisition I Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Rosecliff Acquisition Corp I (NAS:RCLFU) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

767 5th Avenue, 34th Floor, New York, NY, USA, 10153

Website

https://www.rosecliffspac.com

Rosecliff Acquisition Corp I is a blank check company. It is formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

Executives

Goldman Sachs & Co. Llc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Goldman Sachs Group Inc	10 percent owner	200 WEST STREET, NEW YORK NY 10282
Glazer Capital, Llc	10 percent owner	250 WEST 55TH STREET, SUITE 30A, NEW YORK NY 10019
Paul J Glazer	10 percent owner	250 WEST 55TH ST, SUITE 30A, NEW YORK NY 10019
Brian J Radecki	director	C/O COSTAR GROUP, INC., 1331 L STREET, NW, WASHINGTON DC 20005
Jordan Zimmerman	director, officer: President	2200 W. COMMERCIAL BLVD., 3RD FLOOR, FORT LAUDERDALE FL 33309
Kieran Goodwin	director, officer: Chief Financial Officer	925 PARK AVENUE 11B, NEW YORK NY 10028
Rosecliff Acquisition Sponsor I Llc	director, 10 percent owner, officer: Chief Executive Officer	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Edmonds Franklin S. Jr.	director	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Heather Bellini	director	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153
Michael Patrick Murphy	10 percent owner	767 FIFTH AVENUE, 34TH FLOOR, NEW YORK NY 10153