Virgin Galactic Holdings (Virgin Galactic Holdings) Retained Earnings : $-2,228.14 Mil (As of Mar. 2024)

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What is Virgin Galactic Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Virgin Galactic Holdings's retained earnings for the quarter that ended in Mar. 2024 was $-2,228.14 Mil.

Virgin Galactic Holdings's quarterly retained earnings declined from Sep. 2023 ($-2,022.15 Mil) to Dec. 2023 ($-2,126.13 Mil) and declined from Dec. 2023 ($-2,126.13 Mil) to Mar. 2024 ($-2,228.14 Mil).

Virgin Galactic Holdings's annual retained earnings declined from Dec. 2021 ($-1,123.64 Mil) to Dec. 2022 ($-1,623.80 Mil) and declined from Dec. 2022 ($-1,623.80 Mil) to Dec. 2023 ($-2,126.13 Mil).

Virgin Galactic Holdings Retained Earnings Historical Data

The historical data trend for Virgin Galactic Holdings'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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Virgin Galactic Holdings Retained Earnings Chart

Virgin Galactic Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-125.86

-770.74

-1,123.64

-1,623.80

-2,126.13

Virgin Galactic Holdings 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															-1,783.18	-1,917.54	-2,022.15	-2,126.13	-2,228.14

Virgin Galactic Holdings 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.

Virgin Galactic Holdings (NYSE:SPCE) 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.

Virgin Galactic Holdings (Virgin Galactic Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Aerospace & Defense » Virgin Galactic Holdings Inc (NYSE:SPCE) » Definitions » Retained Earnings

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Traded in Other Exchanges

SPCE:Mexico 0QL:Germany

Address

1700 Flight Way, Tustin, CA, USA, 92782

Website

https://www.virgingalactic.com

Virgin Galactic Holdings Inc is a United States-based vertically integrated aerospace company pioneering human spaceflight for private individuals & researchers, and it also manufactures advanced air and space vehicles. Using its technologies, it is developing a spaceflight system designed to offer its customers a unique, multi-day, and transformative experience. This culminates in a spaceflight that includes views of Earth from space and several minutes of weightlessness that will launch from Spaceport America, New Mexico.

Executives

Arcangeli Henio R Jr	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782
Diana S. Strandberg	director	1700 FLIGHT WAY, TUSTIN CA 92782
Raymond E Mabus	director	C/O DANA INCORPORATED, 3939 TECHNOLOGY DRIVE, MAUMEE OH 43537
Aparna Chitale	officer: See Remarks	1700 FLIGHT WAY, TUSTIN CA 92782
Sarah E Kim	officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 1700 FLIGHT WAY, TUSTIN CA 92782
Douglas T Ahrens	officer: See Remarks	215 MOFFETT PARK DRIVE, SUNNYVALE CA 94089
Michael A Colglazier	director, officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Alistair Burns	officer: See Remarks	1700 FLIGHT WAY, TUSTIN CA 92782
Michelle Kley	officer: See Remarks	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Wanda A Sigur	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Virgin Investments Ltd	10 percent owner	LA MOTTE CHAMBERS, ST HELIER Y9 X0 JE1 1BJ
Craig S Kreeger	director	C/O VIRGIN GALACTIC HOLDINGS, INC., 166 NORTH ROADRUNNER PARKWAY 1C, LAS CRUCES NM 88011
Tina W Jonas	director	C/O PASSUR AEROSPACE, INC, ONE LANDMARK SQUARE, SUITE 1900, STAMFORD CT 06901
Swaminathan B. Lyer	officer: See Remarks	166 NORTH ROADRUNNER PARKWAY, SUITE 1C, LAS CRUCES NM 88011
Chamath Palihapitiya	director, 10 percent owner	THE SOCIAL-CAPITAL PARTNERSHIP, L.L.C., 506 SANTA CRUZ AVENUE, SUITE 300, MENLO PARK CA 94025