Ballys (STU:358) Retained Earnings : €-671 Mil (As of Mar. 2024)

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What is Ballys Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ballys's retained earnings for the quarter that ended in Mar. 2024 was €-671 Mil.

Ballys's quarterly retained earnings declined from Sep. 2023 (€-387 Mil) to Dec. 2023 (€-510 Mil) and declined from Dec. 2023 (€-510 Mil) to Mar. 2024 (€-671 Mil).

Ballys's annual retained earnings declined from Dec. 2021 (€-161 Mil) to Dec. 2022 (€-505 Mil) and declined from Dec. 2022 (€-505 Mil) to Dec. 2023 (€-510 Mil).

Ballys Retained Earnings Historical Data

The historical data trend for Ballys'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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Ballys Retained Earnings Chart

Ballys Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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225.38

28.60

-160.70

-505.39

-509.76

Ballys 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															-318.30	-324.56	-386.63	-509.76	-671.42

Ballys 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.

Ballys (STU:358) 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.

Ballys (STU:358) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Ballys Corp (STU:358) » Definitions » Retained Earnings

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BALY:USA

Address

100 Westminster Street, Providence, RI, USA, 02903

Website

https://www.ballys.com

Ballys Corp is a gaming, hospitality, and entertainment company with a portfolio of casinos and resorts, and online gaming businesses. It provides its customers with physical and interactive entertainment and gaming experiences, including traditional casino offerings, iCasino, online bingo, sportsbook, and free-to-play (F2P) games. The company has three reportable segments; Casinos & Resorts Includes the Company's 15 casino and resort properties and one horse race track, the North America Interactive segment includes a portfolio of sports betting, iGaming, and free-to-play gaming brands, and the International Interactive segment includes Gamesys' European and Asian operations.

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