Empire Resorts (FRA:LHCN) Retained Earnings : €-490.4 Mil (As of Sep. 2019)

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What is Empire Resorts Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Empire Resorts's retained earnings for the quarter that ended in Sep. 2019 was €-490.4 Mil.

Empire Resorts's quarterly retained earnings declined from Mar. 2019 (€-422.6 Mil) to Jun. 2019 (€-454.6 Mil) and declined from Jun. 2019 (€-454.6 Mil) to Sep. 2019 (€-490.4 Mil).

Empire Resorts's annual retained earnings declined from Dec. 2016 (€-241.3 Mil) to Dec. 2017 (€-254.4 Mil) and declined from Dec. 2017 (€-254.4 Mil) to Dec. 2018 (€-386.7 Mil).

Empire Resorts Retained Earnings Historical Data

The historical data trend for Empire Resorts'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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Empire Resorts Retained Earnings Chart

Empire Resorts Annual Data

Trend

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Retained Earnings

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-156.76

-211.20

-241.32

-254.37

-386.68

Empire Resorts Quarterly Data
	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19
Retained Earnings	Get a 7-Day Free Trial															-336.89	-386.68	-422.60	-454.57	-490.38

Empire Resorts 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.

Empire Resorts (FRA:LHCN) 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.

Empire Resorts Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Travel & Leisure » Empire Resorts Inc (FRA:LHCN) » Definitions » Retained Earnings

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Address

c/o Monticello Casino and Raceway, 204 State Route 17B, P.O. Box 5013, Monticello, NY, USA, 12701

Website

http://www.empireresorts.com

Empire Resorts Inc is a United State based holding company which operates casinos. It engaged in the hospitality and gaming industries. The company's subsidiary, Monticello Raceway Management, Inc., owns and operates the Monticello Casino and Raceway in Monticello, New York. The facility includes over 1,000 slot machines and electronic table games, as well as dining and live entertainment.

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