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Worldwide Webb Acquisition (Worldwide Webb Acquisition) Retained Earnings : $-8.09 Mil (As of Jun. 2023)


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What is Worldwide Webb Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Worldwide Webb Acquisition's retained earnings for the quarter that ended in Jun. 2023 was $-8.09 Mil.

Worldwide Webb Acquisition's quarterly retained earnings declined from Dec. 2022 ($-4.51 Mil) to Mar. 2023 ($-8.41 Mil) but then increased from Mar. 2023 ($-8.41 Mil) to Jun. 2023 ($-8.09 Mil).

Worldwide Webb Acquisition's annual retained earnings increased from . 20 ($0.00 Mil) to Dec. 2021 ($-19.80 Mil) and increased from Dec. 2021 ($-19.80 Mil) to Dec. 2022 ($-4.51 Mil).


Worldwide Webb Acquisition Retained Earnings Historical Data

The historical data trend for Worldwide Webb 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.

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Worldwide Webb Acquisition Retained Earnings Chart

Worldwide Webb Acquisition Annual Data
Trend Dec21 Dec22
Retained Earnings
-19.80 -4.51

Worldwide Webb Acquisition Quarterly Data
Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only -9.91 -3.37 -4.51 -8.41 -8.09

Worldwide Webb 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.


Worldwide Webb Acquisition  (NAS:WWAC) 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.


Worldwide Webb Acquisition (Worldwide Webb Acquisition) Business Description

Traded in Other Exchanges
N/A
Address
770 E Technology Way F13-16, Orem, UT, USA, 84097
Website
Worldwide Webb Acquisition Corp is a blank check company.
Executives
Tony Marion Pearce director, officer: Executive Chairman 123 EAST 200 NORTH, ALPINE UT 84004
Terry Vernon Pearce director, officer: Executive Vice-Chairman 123 EAST 200 NORTH, ALPINE UT 84004
David V. Crowder director C/O GSV CAPITAL CORP., 2956 WOODSIDE ROAD, WOODSIDE CA 94062
Lynne Marie Laube director C/O CARDLYTICS, INC., 675 PONCE DE LEON AVENUE NE, SUITE 6000, ATLANTA GA 30308
Tanner Ainge director 1633 W. INNOVATION WAY, 5TH FLOOR, LEHI UT 84043
Worldwide Webb Acquisition Sponsor, Llc 10 percent owner 770 E TECHNOLOGY WAY F13-16, OREM UT 84097
Daniel S. Webb director, 10 percent owner, officer: CEO, CFO 770 E TECHNOLOGY WAY F13-16, OREM UT 84097
Davis Smith director 770 E TECHNOLOGY WAY F13-16, OREM UT 84097