GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Virgin Money UK PLC (OTCPK:CBBYF) » Definitions » Retained Earnings

Virgin Money UK (Virgin Money UK) Retained Earnings : $3,778 Mil (As of Sep. 2023)


View and export this data going back to 2016. Start your Free Trial

What is Virgin Money UK Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Virgin Money UK's retained earnings for the quarter that ended in Sep. 2023 was $3,778 Mil.

Virgin Money UK's quarterly retained earnings declined from Sep. 2022 ($3,931 Mil) to Mar. 2023 ($3,868 Mil) and declined from Mar. 2023 ($3,868 Mil) to Sep. 2023 ($3,778 Mil).

Virgin Money UK's annual retained earnings declined from Sep. 2021 ($4,188 Mil) to Sep. 2022 ($3,931 Mil) and declined from Sep. 2022 ($3,931 Mil) to Sep. 2023 ($3,778 Mil).


Virgin Money UK Retained Earnings Historical Data

The historical data trend for Virgin Money UK'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.

Virgin Money UK Retained Earnings Chart

Virgin Money UK Annual Data
Trend Sep14 Sep15 Sep16 Sep17 Sep18 Sep19 Sep20 Sep21 Sep22 Sep23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3,293.32 3,398.96 4,188.19 3,930.92 3,778.47

Virgin Money UK Semi-Annual Data
Sep13 Sep14 Mar15 Sep15 Mar16 Sep16 Mar17 Sep17 Mar18 Sep18 Mar19 Sep19 Mar20 Sep20 Mar21 Sep21 Mar22 Sep22 Mar23 Sep23
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 4,188.19 4,362.32 3,930.92 3,867.72 3,778.47

Virgin Money UK 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 Money UK  (OTCPK:CBBYF) 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 Money UK (Virgin Money UK) Business Description

Address
177 Bothwell Street, Glasgow, GBR, G2 7ER
Virgin Money UK was formed through the merger between CYBG PLC and Virgin Money. After being divested by National Australia Bank in 2016, CYBG went through a restructuring and recapitalization process, with mortgages accounting for around 75% of its loan book. Following CYBG's merger with Virgin Money, the loan book has been reshaped again, with mortgages now accounting for 79% of total loans, personal loans around 9%, and SME and business loans around 12%.

Virgin Money UK (Virgin Money UK) Headlines