Saipem SpA (WBO:SPM2) Retained Earnings : €432 Mil (As of Jun. 2024)

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What is Saipem SpA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Saipem SpA's retained earnings for the quarter that ended in Jun. 2024 was €432 Mil.

Saipem SpA's quarterly retained earnings declined from Dec. 2023 (€316 Mil) to Mar. 2024 (€0 Mil) but then increased from Mar. 2024 (€0 Mil) to Jun. 2024 (€432 Mil).

Saipem SpA's annual retained earnings increased from Dec. 2021 (€-2,237 Mil) to Dec. 2022 (€-118 Mil) and increased from Dec. 2022 (€-118 Mil) to Dec. 2023 (€316 Mil).

Saipem SpA Retained Earnings Historical Data

The historical data trend for Saipem SpA'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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Saipem SpA Retained Earnings Chart

Saipem SpA Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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1,407.00

251.00

-2,237.00

-118.00

316.00

Saipem SpA Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Dec22	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Retained Earnings	Get a 7-Day Free Trial															-	316.00	-	432.00	-

Saipem SpA 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.

Saipem SpA (WBO:SPM2) 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.

Saipem SpA Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Saipem SpA (WBO:SPM2) » Definitions » Retained Earnings

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SAPMY:USA SAPMF:USA SPM:Italy SPMm:UK 0RPI:UK SPEA:Germany

Address

Via Luigi Russolo, 5, Milano, ITA, 20138

Website

https://www.saipem.com

Saipem is a conglomerate of oil and gas engineering and construction and drilling services. The company began as the services appendage of oil major Eni, although today Eni as a customer accounts for generally less than 10% of revenue. Saipem is distinguished for leading industry megaprojects like the Nord Stream pipeline carrying large volumes of natural gas from Russia to European markets.

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