Theglobe.com (Theglobe.com) Retained Earnings : $-298.37 Mil (As of Mar. 2024)

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What is Theglobe.com Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Theglobe.com's retained earnings for the quarter that ended in Mar. 2024 was $-298.37 Mil.

Theglobe.com's quarterly retained earnings declined from Sep. 2023 ($-298.27 Mil) to Dec. 2023 ($-298.31 Mil) and declined from Dec. 2023 ($-298.31 Mil) to Mar. 2024 ($-298.37 Mil).

Theglobe.com's annual retained earnings declined from Dec. 2021 ($-297.94 Mil) to Dec. 2022 ($-298.12 Mil) and declined from Dec. 2022 ($-298.12 Mil) to Dec. 2023 ($-298.31 Mil).

Theglobe.com Retained Earnings Historical Data

The historical data trend for Theglobe.com'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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Theglobe.com Retained Earnings Chart

Theglobe.com Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-297.58

-297.74

-297.94

-298.12

-298.31

Theglobe.com Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial															-298.18	-298.22	-298.27	-298.31	-298.37

Theglobe.com 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.

Theglobe.com (OTCPK:TGLO) 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.

Theglobe.com (Theglobe.com) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Theglobe.com Inc (OTCPK:TGLO) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

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Address

C/o Toombs Hall and Foster, 14643 Dallas parkway, Suite 650, Dallas, TX, USA, 75254

Website

http://www.theglobe.com

Theglobe.com Inc is a shell company.

Executives

Frederick P. Jones	director, officer: Chairman, President, CEO, CFO	C/O THEGLOBE.COM, INC., 5949 SHERRY LANE, SUITE 950, DALLAS TX 75225
William R Nichols	director, officer: See Remarks	C/O FAIRWOOD PENINSULA ENERGY, 5949 SHERRY LANE, SUITE 950, DALLAS TX 75225
Fairwood Peninsula Energy Corp	10 percent owner	5949 SHERRY LANE, SUITE 950, DALLAS TX 75225
Delfin Midstream Llc	10 percent owner	5949 SHERRY LANE, SUITE 950, DALLAS TX 75225
Registry Management Company, Llc	10 percent owner	110 E. BROWARD BLVD., SUITE 1400, FORT LAUDERDALE FL 33301
Bear Investments Dancing	10 percent owner	333 E LAS OLAS BLVD, FT LAUDERDALE FL 33301
Robin Segaul Lebowitz	director, officer: Vice President
E&c Capital Partners Ii, Lllp 2006 Intangible Irrevocable Trust	10 percent owner	110 E. BROWARD BOULEVARD, SUITE 1400, FORT LAUDERDALE FL 33301
Egan Family Grats 2006 Intangible Irrevocable Trust	10 percent owner	110 E. BROWARD BOULEVARD, SUITE 1400, FORT LAUDERDALE FL 33301
E&c Capital Partners, Lllp 2006 Intangible Irrevocable Trust	10 percent owner	110 E. BROWARD BOULEVARD, SUITE 1400, FORT LAUDERDALE FL 33301
E&c Capital Partners Ii, Ltd.	10 percent owner	110 E. BROWARD BOULEVARD, SUITE 1400, FORT LAUDERDALE FL 33301
E&c Capital Partners, Lllp 2005 Intangible Irrevocable Trust	10 percent owner	110 E. BROWARD BOULEVARD, 14TH FLOOR, FORT LAUDERDALE FL 33301
Harry Greene	other: Group 10% Owner	877 EXECUTIVE CENTER DRIVE W., SUITE 300, ST. PETERSBURG FL 33702
Paul Soltoff	director	877 EXECUTIVE CENTER DRIVE W., SUITE 300, ST. PETERSBURG FL 33702
Eric Obeck	other: Group 10% Owner	877 EXECUTIVE CENTER DRIVE W., SUITE 300, ST. PETERSBURG FL 33702

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