EVgo (EVGO) Retained Earnings : $-67.1 Mil (As of Mar. 2024)

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What is EVgo Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. EVgo's retained earnings for the quarter that ended in Mar. 2024 was $-67.1 Mil.

EVgo's quarterly retained earnings declined from Sep. 2023 ($-235.9 Mil) to Dec. 2023 ($-248.5 Mil) but then increased from Dec. 2023 ($-248.5 Mil) to Mar. 2024 ($-67.1 Mil).

EVgo's annual retained earnings increased from Dec. 2021 ($-1,358.4 Mil) to Dec. 2022 ($-375.7 Mil) and increased from Dec. 2022 ($-375.7 Mil) to Dec. 2023 ($-248.5 Mil).

EVgo Retained Earnings Historical Data

The historical data trend for EVgo'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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EVgo Retained Earnings Chart

EVgo Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-104.49

-47.79

-1,358.36

-375.66

-248.55

EVgo Quarterly Data
	Dec19	Mar20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Retained Earnings	Get a 7-Day Free Trial												-1,051.02	-192.64	-235.94	-248.55	-67.11

EVgo 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.

EVgo (NAS:EVGO) 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.

EVgo (EVGO) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » EVgo Inc (NAS:EVGO) » Definitions » Retained Earnings

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EVGOW:USA

Address

11835 West Olympic Boulevard, Suite 900E, Los Angeles, CA, USA, 90064

Website

https://www.evgo.com

EVgo owns and operates a public direct current fast-charging network in the U.S. Its network of charging stations provides electric vehicle charging infrastructure to consumers and businesses. Its network is capable of charging all EV models and charging standards currently available in the U.S. EVgo partners with national and regional chains of grocery stores, automotive original equipment manufacturers, hotels, shopping centers, gas stations, parking lot operators, local governments and independent property owners in order to locate and deploy its EV charging infrastructure.

Executives

Dennis G Kish	officer: Chief Operating Officer	955 EAST ARQUES AVE, SUNNYVALE CA 94086
Francine Sullivan	officer: CLO and General Counsel	11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
Olga Shevorenkova	officer: Chief Financial Officer	11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
Stephanie Lee	officer: Interim CFO	11835 W. OLYMPIC BLVD. SUITE 900E, LOS ANGELES CA 90064
Ivo Steklac	officer: Chief Operating & Tech Officer	11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
Cathy Zoi	director, officer: Chief Executive Officer	11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
David Nanus	director	1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
Paul Segal	director	1700 BROADWAY, 35TH FLOOR, NEW YORK NY 10019
Jonathan Seelig	director	C/O ZOOM TELEPHONICS, INC., 99 HIGH STREET, BOSTON MA 02110
Peter Eric Anderson	director	11835 W. OLYMPIC BLVD. SUITE 900E, LOS ANGELES CA 90064
Tanvi Chaturvedi	officer: Chief Revenue Officer	11835 W. OLYMPIC BLVD. SUITE 900E, LOS ANGELES CA 90064
Jonathan Maier Levy	officer: Chief Commercial Officer	11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
Caroline Ogata	officer: Controller	11835 WEST OLYMPIC BOULEVARD, SUITE 900E, LOS ANGELES CA 90064
Badar Khan	director	69 DENNY ROAD, CHESTNUT HILL MA 02467
Katherine Motlagh	director	C/O CYRUSONE, 2850 N HARWOOD ST STE 2200, DALLAS TX 75201