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Coliseum Acquisition (Coliseum Acquisition) Retained Earnings : $-3.22 Mil (As of Mar. 2024)


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What is Coliseum Acquisition Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Coliseum Acquisition's retained earnings for the quarter that ended in Mar. 2024 was $-3.22 Mil.

Coliseum Acquisition's quarterly retained earnings declined from Sep. 2023 ($-2.22 Mil) to Dec. 2023 ($-2.57 Mil) and declined from Dec. 2023 ($-2.57 Mil) to Mar. 2024 ($-3.22 Mil).

Coliseum Acquisition's annual retained earnings increased from Dec. 2021 ($-10.96 Mil) to Dec. 2022 ($-5.68 Mil) and increased from Dec. 2022 ($-5.68 Mil) to Dec. 2023 ($-2.57 Mil).

Coliseum Acquisition Retained Earnings Historical Data

The historical data trend for Coliseum 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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Coliseum Acquisition Retained Earnings Chart

Coliseum Acquisition Annual Data
Trend Dec21 Dec22 Dec23
Retained Earnings
-10.96 -5.68 -2.57

Coliseum Acquisition Quarterly Data
Feb21 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 -6.71 -1.79 -2.22 -2.57 -3.22

Coliseum 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.

Coliseum Acquisition  (NAS:MITA) 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.

Coliseum Acquisition (Coliseum Acquisition) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Diversified Financial Services » Coliseum Acquisition Corp (NAS:MITA) » Definitions » Retained Earnings
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Traded in Other Exchanges
N/A
Address
80 Pine Street, Suite 3202, New York, NY, USA, 10005
Website
https://www.coliseumacq.com
Coliseum Acquisition Corp is a blank check company.
Executives
Walter E Skowronski director 6903 ROCKLEDGE DRIVE, BETHESDA MD 20817
Roland Rapp director 27442 PORTOLA PARKWAY, SUITE 200, FOOTHILL RANCH CA 92610
Charles Wert officer: Chief Executive Officer 200 PARK AVENUE, NEW YORK NY 10166
Kenneth Rivers director C/O COLISEUM ACQUISITION CORP., 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Oanh Truong officer: Chief Financial Officer C/O COLISEUM ACQUISITION CORP., 1180 NORTH TOWN CENTER DRIVE, SUITE 100, LAS VEGAS NV 89144
Harry L. You director, 10 percent owner, officer: See Remarks EMC CORPORATION, 176 SOUTH STREET, HOPKINTON MA 01748
Andrew R Heyer director 501 MADISON AVENUE, FLOOR 5, NEW YORK NY 10019
James Lanzone director 3000 CLEARVIEW WAY, SAN MATEO CA 94402
Coliseum Acquisition Sponsor Llc 10 percent owner 80 PINE STREET SUITE 3202, NEW YORK NY 10005
Daniel Haimovic director, 10 percent owner, officer: Co-Chief Executive Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Andrew Fishkoff officer: COO / General Counsel 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jason Beren officer: Chief Financial Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Romitha Mally director 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Ezra Kucharz director 80 PINE STREET, SUITE 3202, NEW YORK NY 10005
Jason W. Stein director, 10 percent owner, officer: Co-Chief Executive Officer 80 PINE STREET, SUITE 3202, NEW YORK NY 10005