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MGP Ingredients (MGP Ingredients) Retained Earnings : $557.8 Mil (As of Mar. 2024)


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What is MGP Ingredients Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. MGP Ingredients's retained earnings for the quarter that ended in Mar. 2024 was $557.8 Mil.

MGP Ingredients's quarterly retained earnings increased from Sep. 2023 ($511.5 Mil) to Dec. 2023 ($539.9 Mil) and increased from Dec. 2023 ($539.9 Mil) to Mar. 2024 ($557.8 Mil).

MGP Ingredients's annual retained earnings increased from Dec. 2021 ($344.2 Mil) to Dec. 2022 ($443.1 Mil) and increased from Dec. 2022 ($443.1 Mil) to Dec. 2023 ($539.9 Mil).


MGP Ingredients Retained Earnings Historical Data

The historical data trend for MGP Ingredients'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.

MGP Ingredients Retained Earnings Chart

MGP Ingredients Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 230.78 262.94 344.24 443.06 539.88

MGP Ingredients 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 471.47 500.93 511.48 539.88 557.85

MGP Ingredients 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.


MGP Ingredients  (NAS:MGPI) 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.


MGP Ingredients (MGP Ingredients) Business Description

Traded in Other Exchanges
Address
100 Commercial Street, P.O. Box 130, Atchison, KS, USA, 66002
MGP Ingredients Inc is a producer and supplier of premium distilled spirits and specialty wheat protein and starch food ingredients. MGP also produces high-quality industrial alcohol for use in both food and non-food applications. It operates in three segments: Distillery Solutions, Branded Spirits Segment, and Ingredient Solutions. Distillery Solutions provides distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil: and warehouse services, including barrel put away, storage, and retrieval services. It derives most of its revenue from the Distillery Solutions segment.
Executives
Karen Seaberg director 20073 266TH ROAD, #266, ATCHISON KS 66002
Mingus Lori L.s. director 4123 HWY 49, PERRY KS 66073
Brandon Gall officer: VP and Chief Financial Officer 6142 REINHARDT, FAIRWAY KS 66205
David Colo director C/O DIAMOND FOODS, INC., 600 MONTGOMERY STREET, 13TH FLOOR, SAN FRANCISCO CA 94111
Catherine N. Lux 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Cnl 2013 Irrevocable Trust Dated April 2, 2013 10 percent owner, other: Member of 10% holder group 212 S. MAIN AVENUE, SUITE 145, SIOUX FALLS SD 57104
Ann S. Lux 2005 Irrevocable Trust Fbo Paul S. Lux Dated September 16, 2005 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63169
Paul S. Lux 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Caroline L. Kaplan Revocable Trust Dated December 16, 2009 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Caroline Lux Kaplan 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Donn S. Lux director, 10 percent owner, other: Member of 10% holder group 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Luxco 2017 Irrevocable Trust Dated June 19, 2017 10 percent owner 5050 KEMPER AVENUE, ST. LOUIS MO 63139
Neha J Clark director C/O LIFEWAY FOODS, 6431 OAKTON STREET, MORTON GROVE IL 60053
Kevin Rauckman director 1200 E 151 ST ST, OLATHE KS 66062
Todd B. Siwak director 100 COMMERCIAL STREET, P.O. BOX 130, ATCHISON KS 66002