SONG (Music Licensing) Retained Earnings : $-17.5 Mil (As of Jun. 2024)

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What is Music Licensing Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Music Licensing's retained earnings for the quarter that ended in Jun. 2024 was $-17.5 Mil.

Music Licensing's quarterly retained earnings declined from Dec. 2023 ($31.7 Mil) to Mar. 2024 ($7.7 Mil) and declined from Mar. 2024 ($7.7 Mil) to Jun. 2024 ($-17.5 Mil).

Music Licensing's annual retained earnings declined from Dec. 2021 ($-0.2 Mil) to Dec. 2022 ($-14.4 Mil) but then increased from Dec. 2022 ($-14.4 Mil) to Dec. 2023 ($31.7 Mil).

Music Licensing Retained Earnings Historical Data

The historical data trend for Music Licensing'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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Music Licensing Retained Earnings Chart

Music Licensing Annual Data

Trend

Dec21

Dec22

Dec23

Retained Earnings

-0.24

-14.35

31.68

Music Licensing Quarterly Data
	Dec21	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Retained Earnings	Get a 7-Day Free Trial			45.16	39.72	31.68	7.66	-17.48

Music Licensing 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.

Music Licensing (OTCPK:SONG) 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.

Music Licensing Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Media - Diversified » Music Licensing Inc (OTCPK:SONG) » Definitions » Retained Earnings

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Address

3811 Airport Pulling Rd N, Suite 203, Naples, FL, USA, 34105-2512

Website

https://www.promusicrights.com

Music Licensing Inc is an operator of a public performance rights organization. The group is a music performing rights organization that represents songwriters, composers, and music publishers and issues public performance licenses to businesses. Its customers include television and radio stations, internet/streaming services and mobile technologies, Satellite audio services like XM and Sirius, nightclubs, restaurants, bars, and other venues.