Spartan Energy Acquisition (Spartan Energy Acquisition) Retained Earnings : $0.85 Mil (As of Sep. 2020)

View and export this data going back to 2018. Start your Free Trial

What is Spartan Energy Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Spartan Energy Acquisition's retained earnings for the quarter that ended in Sep. 2020 was $0.85 Mil.

Spartan Energy Acquisition's quarterly retained earnings declined from Mar. 2020 ($5.00 Mil) to Jun. 2020 ($4.10 Mil) and declined from Jun. 2020 ($4.10 Mil) to Sep. 2020 ($0.85 Mil).

Spartan Energy Acquisition's annual retained earnings increased from Dec. 2017 ($-0.00 Mil) to Dec. 2018 ($2.65 Mil) and increased from Dec. 2018 ($2.65 Mil) to Dec. 2019 ($5.00 Mil).

Spartan Energy Acquisition Retained Earnings Historical Data

The historical data trend for Spartan Energy Acquisition'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.

Spartan Energy Acquisition Retained Earnings Chart

Spartan Energy Acquisition Annual Data

Trend

Dec17

Dec18

Dec19

Retained Earnings

2.65

5.00

Spartan Energy Acquisition Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Retained Earnings	Get a 7-Day Free Trial							5.00	5.00	5.00	4.10	0.85

Spartan Energy Acquisition 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.

Spartan Energy Acquisition (NYSE:SPAQ.U) 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.

Spartan Energy Acquisition (Spartan Energy Acquisition) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Spartan Energy Acquisition Corp (NYSE:SPAQ.U) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

9 West 57th Street, 43rd Floor, New York, NY, USA, 10019

Website

http://www.spartanenergyspac.com

Spartan Energy Acquisition Corp is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination.

Executives

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
John J Macwilliams	director	P O BOX 22027, TULSA OK 74121
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Management Holdings, L.p.	10 percent owner	9 W. 57TH STREET, NEW YORK NY 10019
Apollo Commodities Management, L.p.	10 percent owner	2711 CENTERVILLE ROAD, SUITE 400, WILMINGTON DE 19808
Gregory A Beard	10 percent owner	C/O ATHLON ENERGY INC., 420 THROCKMORTON STREET, SUITE 1200, FORT WORTH TX 76102
Geoffrey Strong	10 percent owner	C/O APOLLO MANAGEMENT, 9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Apollo Natural Resources Partners Ii, L.p.	10 percent owner	ONE MANHATTANVILLE ROAD, SUITE 201, PURCHASE NY 10577
Spartan Energy Acquisition Sponsor Llc	10 percent owner	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Jan C. Wilson	director	18 A HAZELTON AVE., SUITE 606, TORONTO A6 M5R 2E2
J Michael Stice	director	525 CENTRAL PARK DRIVE, OKLAHOMA CITY OK 73105
Robert C Reeves	director	1001 LOUISIANA STREET, HOUSTON TX 77002
James Crossen	officer: CFO and CAO	9 WEST 57TH STREET, 43RD FLOOR, NEW YORK NY 10019