1:"$Sreact.fragment"
2:I[10156,[],""]
3:I[6746,[],""]
4:I[32046,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","104","static/chunks/104-e8a10a728f64230d.js","3374","static/chunks/3374-cffcb39c106cc278.js","6344","static/chunks/6344-f0148458c0499269.js","4039","static/chunks/4039-57004f19cabb428d.js","2043","static/chunks/2043-cb8fa44c52a8f8b9.js","9559","static/chunks/app/(frontend)/layout-f1654a8743c45d75.js"],"PreloadChunks"]
5:I[56699,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","104","static/chunks/104-e8a10a728f64230d.js","3374","static/chunks/3374-cffcb39c106cc278.js","6344","static/chunks/6344-f0148458c0499269.js","4039","static/chunks/4039-57004f19cabb428d.js","2043","static/chunks/2043-cb8fa44c52a8f8b9.js","9559","static/chunks/app/(frontend)/layout-f1654a8743c45d75.js"],"default"]
6:I[76837,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","104","static/chunks/104-e8a10a728f64230d.js","3374","static/chunks/3374-cffcb39c106cc278.js","6344","static/chunks/6344-f0148458c0499269.js","4039","static/chunks/4039-57004f19cabb428d.js","2043","static/chunks/2043-cb8fa44c52a8f8b9.js","9559","static/chunks/app/(frontend)/layout-f1654a8743c45d75.js"],"default"]
7:I[32043,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","104","static/chunks/104-e8a10a728f64230d.js","3374","static/chunks/3374-cffcb39c106cc278.js","6344","static/chunks/6344-f0148458c0499269.js","4039","static/chunks/4039-57004f19cabb428d.js","2043","static/chunks/2043-cb8fa44c52a8f8b9.js","9559","static/chunks/app/(frontend)/layout-f1654a8743c45d75.js"],"default"]
8:I[67821,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","6956","static/chunks/66a6e935-aee5d3cb85c323ac.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","9858","static/chunks/9858-f1918ded0530ca69.js","609","static/chunks/609-95e41ae6a69b88b2.js","2456","static/chunks/2456-94cb89c116d69dd0.js","994","static/chunks/994-2c56ebb2d663b523.js","6472","static/chunks/6472-2ee935ddbae5821a.js","3349","static/chunks/app/(frontend)/calculators/%5Bcategory%5D/%5Bslug%5D/page-70bb6ad84377852d.js"],""]
1b:I[14600,[],"default",1]
:HL["/_next/static/media/849c382dee069680-s.p.woff2","font",{"crossOrigin":"","type":"font/woff2"}]
:HL["/_next/static/media/e4af272ccee01ff0-s.p.woff2","font",{"crossOrigin":"","type":"font/woff2"}]
:HL["/_next/static/css/60d9b09af57ce3c6.css","style"]
:HL["/_next/static/css/9c59f2e83b7f05d1.css","style"]
0:{"P":null,"c":["","calculators","finance","retained-earnings.rsc"],"q":"","i":false,"f":[[["",{"children":["(frontend)",{"children":["calculators",{"children":[["category","finance","d",null],{"children":[["slug","retained-earnings","d",null],{"children":["__PAGE__",{}]}]}]}]},"$undefined","$undefined",16]}],[["$","$1","c",{"children":[null,["$","$L2",null,{"parallelRouterKey":"children","error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L3",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":[[["$","title",null,{"children":"404: This page could not be found."}],["$","div",null,{"style":{"fontFamily":"system-ui,\"Segoe UI\",Roboto,Helvetica,Arial,sans-serif,\"Apple Color Emoji\",\"Segoe UI Emoji\"","height":"100vh","textAlign":"center","display":"flex","flexDirection":"column","alignItems":"center","justifyContent":"center"},"children":["$","div",null,{"children":[["$","style",null,{"dangerouslySetInnerHTML":{"__html":"body{color:#000;background:#fff;margin:0}.next-error-h1{border-right:1px solid rgba(0,0,0,.3)}@media (prefers-color-scheme:dark){body{color:#fff;background:#000}.next-error-h1{border-right:1px solid rgba(255,255,255,.3)}}"}}],["$","h1",null,{"className":"next-error-h1","style":{"display":"inline-block","margin":"0 20px 0 0","padding":"0 23px 0 0","fontSize":24,"fontWeight":500,"verticalAlign":"top","lineHeight":"49px"},"children":404}],["$","div",null,{"style":{"display":"inline-block"},"children":["$","h2",null,{"style":{"fontSize":14,"fontWeight":400,"lineHeight":"49px","margin":0},"children":"This page could not be found."}]}]]}]}]],[]],"forbidden":"$undefined","unauthorized":"$undefined"}]]}],{"children":[["$","$1","c",{"children":[[["$","link","0",{"rel":"stylesheet","href":"/_next/static/css/60d9b09af57ce3c6.css","precedence":"next","crossOrigin":"$undefined","nonce":"$undefined"}],["$","link","1",{"rel":"stylesheet","href":"/_next/static/css/9c59f2e83b7f05d1.css","precedence":"next","crossOrigin":"$undefined","nonce":"$undefined"}]],["$","html",null,{"lang":"en","data-scroll-behavior":"smooth","children":[[["$","$L4",null,{"moduleIds":["app/(frontend)/layout.tsx -> #/ui/crisp"]}],["$","$L5",null,{}]],["$","body",null,{"className":"bg-white antialiased dark:bg-mist-950 __variable_f367f3 __variable_008b00","suppressHydrationWarning":true,"children":[["$","div",null,{"className":"flex min-h-screen flex-col justify-between","children":[["$","$L6",null,{}],["$","$L7",null,{"children":["$","$L2",null,{"parallelRouterKey":"children","error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L3",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":[["$","main",null,{"className":"isolate overflow-clip","children":["$","section",null,{"className":"py-16","children":["$","div",null,{"className":"mx-auto w-full max-w-2xl px-6 md:max-w-3xl lg:max-w-7xl lg:px-10 flex flex-col items-center gap-6","children":[["$","h1",null,{"className":"font-display text-5xl/12 tracking-tight text-balance sm:text-[5rem]/20 text-mist-950 dark:text-white max-w-5xl text-center","children":"Page not found"}],["$","div",null,{"className":"text-lg/8 text-mist-700 dark:text-mist-400 max-w-xl text-center","children":["$","p",null,{"children":"Sorry, the page you were looking for could not be found."}]}],["$","$L8",null,{"href":"/","className":"inline-flex items-center gap-2 text-sm/7 font-medium text-mist-950 dark:text-white","children":["Go back home ",["$","svg",null,{"width":13,"height":7,"viewBox":"0 0 13 7","fill":"none","strokeWidth":1,"role":"image","className":"inline-block","children":[["$","path",null,{"d":"M12.5049 3.49512L0.504883 3.49512","stroke":"currentColor","strokeLinecap":"round","strokeLinejoin":"round"}],["$","path",null,{"d":"M9.5 6.5L12.5 3.5L9.5 0.5","stroke":"currentColor","strokeLinecap":"round","strokeLinejoin":"round"}]]}]]}]]}]}]}],[]],"forbidden":"$undefined","unauthorized":"$undefined"}]}],["$","footer",null,{"children":["$","div",null,{"className":"bg-mist-950/2.5 py-16 text-mist-950 dark:bg-white/5 dark:text-white","children":["$","div",null,{"className":"mx-auto w-full max-w-2xl px-6 md:max-w-3xl lg:max-w-7xl lg:px-10 flex flex-col gap-12","children":[["$","div",null,{"className":"flex flex-col items-start justify-between gap-6 sm:flex-row","children":[["$","div",null,{"className":"flex flex-col items-start gap-2","children":[["$","$L8",null,{"href":"/","children":["$","svg",null,{"className":"h-5 w-auto","xmlns":"http://www.w3.org/2000/svg","width":742,"height":68,"viewBox":"0 0 742 68","fill":"none","children":[["$","path",null,{"fill":"#161616","d":"M129.5 41.4c0-13 10.5-23.4 23.4-23.4 12.9 0 23.3 10.4 23.3 23.4v22.7h-11.8v-4.8c-1.4 3-6.3 5.5-11.5 5.5-12.9 0-23.4-10.4-23.4-23.4Zm35 0c0-6.7-4.8-11.9-11.5-11.9s-11.7 5.2-11.7 11.9 5 11.9 11.7 11.9c6.7 0 11.5-5.2 11.5-11.9ZM181.2 41.4c0-13 10.4-23.4 23.4-23.4 13 0 19.8 7.2 22.5 16.9h-12.5c-2-3.3-5.5-5.4-9.9-5.4-6.7 0-11.7 5.2-11.7 11.9s5 11.9 11.7 11.9c6.7 0 7.4-2 9.5-5H227c-2.9 9.6-11.8 16.5-22.4 16.5-10.6 0-23.4-10.4-23.4-23.4ZM248.3 30.3v12.4c0 7.3 2.4 10.2 8.2 10.2v11.5c-11.6 0-19.9-6.4-19.9-21.7V30.3h-6.7V18.8h6.6V1.1h11.8v17.7h8.3v11.5H248.3ZM274 18.7h-11.8V64H274V18.7ZM277.8 18.7h12.3l10.3 29.8 10.4-29.8h12.3L306.2 64h-11.8l-16.8-45.3h.2ZM345.8 18c11.2 0 23.2 8 23.7 22.4 0 2.1 0 4.1-.4 5.6h-33.6c1.1 4.5 5.1 7.3 10.3 7.3 5.2 0 6.3-1.5 7.8-2.6h14c-3.6 8.3-11.9 14.1-21.5 14.1s-23.4-10.4-23.4-23.3 10-23.5 23-23.5h.1Zm11 18.6c-1.8-4.3-6.2-7.1-10.7-7.1-4.5 0-8.9 2.8-10.7 7.1h21.4Z"}],"$L9","$La","$Lb","$Lc","$Ld","$Le"]}]}],"$Lf"]}],"$L10"]}],"$L11","$L12"]}]}]}]]}],"$L13"]}],"$L14"]}]]}],{"children":["$L15",{"children":["$L16",{"children":["$L17",{"children":["$L18",{},null,false,null]},null,false,"$@19"]},null,false,"$@19"]},null,false,"$@19"]},null,false,null]},null,false,"$@19"],"$L1a",false]],"m":"$undefined","G":["$1b",[]],"S":true,"h":null,"b":"p3loIE2XIKLH3Rl5qUfaA"}
1d:I[14245,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","104","static/chunks/104-e8a10a728f64230d.js","3374","static/chunks/3374-cffcb39c106cc278.js","6344","static/chunks/6344-f0148458c0499269.js","4039","static/chunks/4039-57004f19cabb428d.js","2043","static/chunks/2043-cb8fa44c52a8f8b9.js","9559","static/chunks/app/(frontend)/layout-f1654a8743c45d75.js"],"Button"]
23:I[19592,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","6956","static/chunks/66a6e935-aee5d3cb85c323ac.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","9858","static/chunks/9858-f1918ded0530ca69.js","609","static/chunks/609-95e41ae6a69b88b2.js","6344","static/chunks/6344-f0148458c0499269.js","2456","static/chunks/2456-94cb89c116d69dd0.js","994","static/chunks/994-2c56ebb2d663b523.js","6472","static/chunks/6472-2ee935ddbae5821a.js","2018","static/chunks/app/(frontend)/%5B...slug%5D/page-dcf70230194846a1.js"],""]
24:I[79066,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","6956","static/chunks/66a6e935-aee5d3cb85c323ac.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","9858","static/chunks/9858-f1918ded0530ca69.js","609","static/chunks/609-95e41ae6a69b88b2.js","6344","static/chunks/6344-f0148458c0499269.js","2456","static/chunks/2456-94cb89c116d69dd0.js","994","static/chunks/994-2c56ebb2d663b523.js","6472","static/chunks/6472-2ee935ddbae5821a.js","2018","static/chunks/app/(frontend)/%5B...slug%5D/page-dcf70230194846a1.js"],"GoogleTagManager"]
26:I[85305,[],"OutletBoundary"]
27:"$Sreact.suspense"
2a:I[85305,[],"ViewportBoundary"]
2c:I[85305,[],"MetadataBoundary"]
1c:T5a9,M373.9 41.4c0-13 10.5-23.4 23.4-23.4 12.9 0 16.9 5.3 20.6 12.8h-6.3c-3.2-4.4-8.2-7.3-14.2-7.3-10 0-17.7 7.9-17.7 17.9 0 10 7.9 17.9 17.7 17.9 9.8 0 11.1-3 14.2-7.3h6.4c-3.7 7.6-11.6 12.9-20.8 12.9-9.2 0-23.4-10.4-23.4-23.4l.1-.1ZM422.7 41.4c0-13 10.5-23.4 23.4-23.4 12.9 0 23.3 10.4 23.3 23.4v22.7h-5.8v-9.7c-3 6-9.8 10.4-17.5 10.4-12.9 0-23.4-10.4-23.4-23.4Zm41 0c0-10-7.5-17.9-17.5-17.9s-17.7 7.9-17.7 17.9c0 10 7.9 17.9 17.7 17.9 9.8 0 17.5-7.9 17.5-17.9ZM475.7 64.1V.7h5.8v63.4h-5.8ZM486.5 41.4c0-13 10.5-23.4 23.4-23.4 12.9 0 16.9 5.3 20.6 12.8h-6.3c-3.2-4.4-8.2-7.3-14.2-7.3-10 0-17.7 7.9-17.7 17.9 0 10 7.9 17.9 17.7 17.9 9.8 0 11.1-3 14.2-7.3h6.4c-3.7 7.6-11.6 12.9-20.8 12.9-9.2 0-23.4-10.4-23.4-23.4l.1-.1ZM575.6 18.7v23.8c0 15.2-8.3 22.2-19.9 22.2-11.6 0-19.9-7-19.9-22.2V18.7h5.8v23.8c0 11.3 5.7 16.7 14.1 16.7 8.4 0 14.1-5.3 14.1-16.7V18.7h5.8ZM581.9 64.1V.7h5.8v63.4h-5.8ZM592.7 41.4c0-13 10.5-23.4 23.4-23.4 12.9 0 23.3 10.4 23.3 23.4v22.7h-5.8v-9.7c-3 6-9.8 10.4-17.5 10.4-12.9 0-23.4-10.4-23.4-23.4Zm41 0c0-10-7.5-17.9-17.5-17.9s-17.7 7.9-17.7 17.9c0 10 7.9 17.9 17.7 17.9 9.8 0 17.5-7.9 17.5-17.9ZM652.5 24.3v18.2c0 10.1 4.4 15.1 11.4 16.2v5.6c-10.2-1-17.2-7.8-17.2-21.7V24.2h-6.8v-5.5h6.8V4.4h5.8v14.3h11.4v5.5h-11.4v.1ZM712 41.4c0 13-10.4 23.4-23.4 23.4-13 0-23.4-10.4-23.4-23.4 0-13 10.5-23.4 23.4-23.4 12.9 0 23.4 10.4 23.4 23.4Zm-41 0c0 10 7.9 17.9 17.7 17.9 9.8 0 17.5-7.9 17.5-17.9 0-10-7.5-17.9-17.5-17.9S671 31.4 671 41.4Z9:["$","path",null,{"fill":"#262626","d":"$1c"}]
a:["$","path",null,{"fill":"#09C269","d":"M274 1.1h-11.8v11.8H274V1.1Z"}]
b:["$","path",null,{"fill":"#161616","d":"M248.2 1.1v17.6L236.4 1.1h11.8Z"}]
c:["$","path",null,{"fill":"#09C269","d":"M65.2 47.1c-4.1-5.4-2.8-11.8-4.4-18-1.1-4.2-3.1-8.2-5.8-11.6-.7-.9-1.5-1.8-2.3-2.6-5.6-5.6-13.3-9-21.8-9C13.1 5.9-1.1 21 .2 39c1.3 18 13 26.9 27.9 28.2 9.6.8 18.4-2.8 24.6-9l-.4-.4c-3-3.8-5.1-8-6.3-12.6-3.3 5.7-9.7 9.4-16.8 8.7-8.1-.8-14.7-7.3-15.6-15.3-.9-8 7-19.4 17.3-19.4S43 22.7 46 27.9c2.6 4.6 2 9.6 3 14.6.9 4.8 2.9 9.3 6 13.2 5.6 7.1 14.3 11.6 24 11.6h30.8V55.2H82.1c-6.3 0-12.4-2.7-16.4-7.5-.2-.2-.4-.5-.6-.7l.1.1Z"}]
d:["$","path",null,{"fill":"#09C269","d":"M64 27.9c3-5.2 8.6-8.8 15.1-8.8 9.6 0 17.4 7.8 17.4 17.4h13.4c0-17-13.8-30.8-30.8-30.8s-16.2 3.5-21.8 9.1l.4.5c3 3.8 5.1 8 6.3 12.6Z"}]
e:["$","path",null,{"fill":"#262626","d":"M717.3 40.6c0-15.5 7.9-22.6 19.1-22.6h1.4v5.7h-1.4c-7.8 0-13.1 5.4-13.1 16.9v24.2h-6V40.6Z"}]
f:["$","p",null,{"className":"text-sm text-mist-600 dark:text-mist-400","children":"Interactive calculators that convert visitors into leads."}]
10:["$","$L1d",null,{"el":"a","href":"https://app.activecalculator.com/auth/signup","appearance":"default","label":"Get started free","data-umami-event":"click-cta-footer","data-umami-event-location":"footer"}]
11:["$","nav",null,{"className":"grid grid-cols-2 gap-6 text-sm/7 md:grid-cols-4","children":[["$","div","Use Cases",{"children":[["$","h3",null,{"children":"Use Cases"}],["$","ul",null,{"role":"list","className":"mt-2 flex flex-col gap-2","children":[["$","li","E-Commerce & Retail",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/templates/category/e-commerce","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"E-Commerce & Retail"}]}],["$","li","Finance",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/templates/category/finance","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Finance"}]}],["$","li","Unit Conversion",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/templates/category/unit-conversion","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Unit Conversion"}]}],["$","li","Price Quote",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/templates/category/price-quote","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Price Quote"}]}]]}],[["$","div","Industries",{"className":"mt-6","children":[["$","h3",null,{"children":"Industries"}],["$","ul",null,{"role":"list","className":"mt-2 flex flex-col gap-2","children":[["$","li","Screen Printing",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/industries/screen-printing","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Screen Printing"}]}],["$","li","Mortgage Brokers",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/industries/mortgage-brokers","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Mortgage Brokers"}]}],["$","li","Solar Energy",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/industries/solar-energy","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Solar Energy"}]}]]}]]}]]]}],["$","div","Templates",{"children":[["$","h3",null,{"children":"Templates"}],["$","ul",null,{"role":"list","className":"mt-2 flex flex-col gap-2","children":[["$","li","Ad Spend ROI Calculator",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/templates/ad-spend-roi-calculator","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Ad Spend ROI Calculator"}]}],["$","li","Amortization Payment Calculator Canada",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/templates/amortization-payment-calculator-canada","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Amortization Payment Calculator Canada"}]}],["$","li","Amortization Calculator",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/templates/amortization-calculator","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Amortization Calculator"}]}],["$","li","Balloon Loan Calculator Lead Gen",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/templates/balloon-loan-calculator-lead-gen","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Balloon Loan Calculator Lead Gen"}]}]]}],"$undefined"]}],["$","div","Product",{"children":[["$","h3",null,{"children":"Product"}],["$","ul",null,{"role":"list","className":"mt-2 flex flex-col gap-2","children":[["$","li","Templates",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/templates","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Templates"}]}],["$","li","Calculators",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/calculators","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Calculators"}]}],["$","li","Pricing",{"className":"text-mist-700 dark:text-mist-400","children":"$L1e"}],"$L1f","$L20","$L21"]}],"$undefined"]}],"$L22"]}]
12:["$","div",null,{"className":"flex flex-col items-start justify-between gap-4 border-t border-mist-950/10 pt-8 text-sm/7 sm:flex-row sm:items-center dark:border-white/10","children":[["$","div",null,{"className":"flex flex-wrap items-center gap-x-4 gap-y-1 text-mist-600 dark:text-mist-500","children":[["$","span",null,{"children":["© ",2026," ActiveCalculator."]}],[["$","$L8","Privacy Policy",{"href":"/privacy","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Privacy Policy"}],["$","$L8","Terms of Service",{"href":"/terms","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Terms of Service"}]]]}],["$","div",null,{"className":"flex items-center gap-4","children":[["$","a","X",{"href":"https://twitter.com/activecalculator","target":"_blank","rel":"noopener noreferrer","aria-label":"X","data-umami-event":"click-social","data-umami-event-location":"footer","data-umami-event-target":"x","className":"text-mist-600 transition-colors *:size-5 hover:text-mist-950 dark:text-mist-500 dark:hover:text-white","children":["$","svg",null,{"width":24,"height":24,"viewBox":"0 0 24 24","fill":"currentColor","role":"image","className":"inline-block","children":["$","path",null,{"d":"M13.6833 10.6218L20.2401 3H18.6864L12.9931 9.61788L8.44583 3H3.20117L10.0775 13.0074L3.20117 21H4.75501L10.7673 14.0113L15.5695 21H20.8141L13.6833 10.6218ZM11.5551 13.0956L10.8584 12.0991L5.31488 4.16971H7.7015L12.1752 10.5689L12.8719 11.5655L18.6871 19.8835H16.3005L11.5551 13.0956Z"}]}]}],["$","a","LinkedIn",{"href":"https://linkedin.com/company/activecalculator","target":"_blank","rel":"noopener noreferrer","aria-label":"LinkedIn","data-umami-event":"click-social","data-umami-event-location":"footer","data-umami-event-target":"linkedin","className":"text-mist-600 transition-colors *:size-5 hover:text-mist-950 dark:text-mist-500 dark:hover:text-white","children":["$","svg",null,{"width":24,"height":24,"viewBox":"0 0 24 24","fill":"currentColor","role":"image","className":"inline-block","children":["$","path",null,{"d":"M20.447 20.452h-3.554v-5.569c0-1.328-.027-3.037-1.852-3.037-1.853 0-2.136 1.445-2.136 2.939v5.667H9.351V9h3.414v1.561h.046c.477-.9 1.637-1.85 3.37-1.85 3.601 0 4.267 2.37 4.267 5.455v6.286zM5.337 7.433a2.062 2.062 0 01-2.063-2.065 2.064 2.064 0 112.063 2.065zm1.782 13.019H3.555V9h3.564v11.452zM22.225 0H1.771C.792 0 0 .774 0 1.729v20.542C0 23.227.792 24 1.771 24h20.451C23.2 24 24 23.227 24 22.271V1.729C24 .774 23.2 0 22.222 0h.003z"}]}]}],["$","a","YouTube",{"href":"https://youtube.com/@activecalculator","target":"_blank","rel":"noopener noreferrer","aria-label":"YouTube","data-umami-event":"click-social","data-umami-event-location":"footer","data-umami-event-target":"youtube","className":"text-mist-600 transition-colors *:size-5 hover:text-mist-950 dark:text-mist-500 dark:hover:text-white","children":["$","svg",null,{"width":24,"height":24,"viewBox":"0 0 24 24","fill":"currentColor","role":"image","className":"inline-block","children":["$","path",null,{"fillRule":"evenodd","d":"M19.812 5.418c.861.23 1.538.907 1.768 1.768C21.998 8.746 22 12 22 12s0 3.255-.418 4.814a2.504 2.504 0 0 1-1.768 1.768c-1.56.419-7.814.419-7.814.419s-6.255 0-7.814-.419a2.505 2.505 0 0 1-1.768-1.768C2 15.255 2 12 2 12s0-3.255.417-4.814a2.507 2.507 0 0 1 1.768-1.768C5.744 5 11.998 5 11.998 5s6.255 0 7.814.418ZM15.194 12 10 15V9l5.194 3Z","clipRule":"evenodd"}]}]}]]}]]}]
13:["$","$L23",null,{"defer":true,"src":"https://analytics.selvo.co/script.js","data-website-id":"20975f57-f91a-4d7f-a72e-bc1f75a733ed","strategy":"afterInteractive"}]
14:["$","$L24",null,{"gtmId":"GTM-N55KJQ5L"}]
15:["$","$1","c",{"children":[null,["$","$L2",null,{"parallelRouterKey":"children","error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L3",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","forbidden":"$undefined","unauthorized":"$undefined"}]]}]
16:["$","$1","c",{"children":[null,["$","$L2",null,{"parallelRouterKey":"children","error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L3",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","forbidden":"$undefined","unauthorized":"$undefined"}]]}]
17:["$","$1","c",{"children":[null,["$","$L2",null,{"parallelRouterKey":"children","error":"$undefined","errorStyles":"$undefined","errorScripts":"$undefined","template":["$","$L3",null,{}],"templateStyles":"$undefined","templateScripts":"$undefined","notFound":"$undefined","forbidden":"$undefined","unauthorized":"$undefined"}]]}]
18:["$","$1","c",{"children":["$L25",null,["$","$L26",null,{"children":["$","$27",null,{"name":"Next.MetadataOutlet","children":"$@28"}]}]]}]
29:[]
19:"$W29"
1a:["$","$1","h",{"children":[null,["$","$L2a",null,{"children":"$L2b"}],["$","div",null,{"hidden":true,"children":["$","$L2c",null,{"children":["$","$27",null,{"name":"Next.Metadata","children":"$L2d"}]}]}],["$","meta",null,{"name":"next-size-adjust","content":""}]]}]
1e:["$","$L8",null,{"href":"/pricing","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Pricing"}]
1f:["$","li","Help",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/help","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Help"}]}]
20:["$","li","API",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"https://docs.activecalculator.com/api-reference","target":"_blank","rel":"noopener noreferrer","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"API"}]}]
21:["$","li","Embed SDK JS",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"https://docs.activecalculator.com/sdks/embed-sdk/overview","target":"_blank","rel":"noopener noreferrer","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Embed SDK JS"}]}]
22:["$","div","Resources",{"children":[["$","h3",null,{"children":"Resources"}],["$","ul",null,{"role":"list","className":"mt-2 flex flex-col gap-2","children":[["$","li","Terms",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/terms","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Terms"}]}],["$","li","Privacy",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/privacy","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Privacy"}]}],["$","li","Book a Call",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/demo","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Book a Call"}]}],["$","li","Contact",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"/contact","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Contact"}]}],["$","li","Selvo",{"className":"text-mist-700 dark:text-mist-400","children":["$","$L8",null,{"href":"https://selvo.co","target":"_blank","rel":"noopener noreferrer","className":"transition-colors hover:text-mist-950 dark:hover:text-white","children":"Selvo"}]}]]}],"$undefined"]}]
2b:[["$","meta","0",{"charSet":"utf-8"}],["$","meta","1",{"name":"viewport","content":"width=device-width, initial-scale=1"}],["$","meta","2",{"name":"theme-color","content":"#fff"}]]
2e:Tc3e,{"@type":"FAQPage","mainEntity":[{"name":"What's the difference between retained earnings and net income?","@type":"Question","acceptedAnswer":{"@type":"Answer","text":"Net income is what you earned this period. Retained earnings are what's left after dividends — and on the balance sheet, it's the cumulative total across every period since the company's founding."}},{"name":"Can retained earnings be negative?","@type":"Question","acceptedAnswer":{"@type":"Answer","text":"Yes. Cumulative losses or dividends that exceed cumulative profits create an \"accumulated deficit.\" Normal for early-stage startups burning capital; concerning for mature companies."}},{"name":"Does this calculator track my running balance over time?","@type":"Question","acceptedAnswer":{"@type":"Answer","text":"No — it focuses on one period's split. To find your ending balance, take the retained earnings output and add it to last period's balance."}},{"name":"What counts as \"earnings\" here?","@type":"Question","acceptedAnswer":{"@type":"Answer","text":"Use net income, the bottom line of your income statement after all expenses, interest, and taxes. Revenue and gross profit will give you misleading results."}},{"name":"How is payout ratio different from dividend yield?","@type":"Question","acceptedAnswer":{"@type":"Answer","text":"Payout ratio measures dividends as a percentage of earnings (an internal decision). Dividend yield measures dividends as a percentage of share price (an investor's return). They answer different questions."}},{"name":"Should preferred dividends factor in?","@type":"Question","acceptedAnswer":{"@type":"Answer","text":"If you have preferred shares, subtract preferred dividends from net income first, then apply the payout ratio to common shareholders. Most small businesses can ignore this."}},{"name":"Why do profitable companies sometimes pay 0% in dividends?","@type":"Question","acceptedAnswer":{"@type":"Answer","text":"Because reinvested capital can earn a higher return inside the business than shareholders could earn elsewhere. Amazon, Berkshire Hathaway, and most growth-stage companies follow this logic."}},{"name":"What's a healthy retained earnings per share?","@type":"Question","acceptedAnswer":{"@type":"Answer","text":"There's no universal benchmark — it depends on share count and business size. The more useful question is whether it's growing year over year, which signals consistent reinvestment."}},{"name":"Does this work for an LLC or sole proprietorship?","@type":"Question","acceptedAnswer":{"@type":"Answer","text":"Yes, with different vocabulary. For an LLC, \"dividends\" become member distributions and \"retained earnings\" become member equity. For a sole proprietor, owner's draws replace dividends. The math is identical."}},{"name":"Can I pay out more than 100% of earnings?","@type":"Question","acceptedAnswer":{"@type":"Answer","text":"You can, by drawing on prior retained earnings or cash reserves. It's sometimes done to maintain a dividend track record during a down year. It's not sustainable — eventually you run out of accumulated profits to draw from."}}]}25:[["$","script",null,{"dangerouslySetInnerHTML":{"__html":"{\"@context\":\"https://schema.org\",\"@type\":\"BreadcrumbList\",\"itemListElement\":[{\"name\":\"Home\",\"@type\":\"ListItem\",\"item\":\"https://activecalculator.com\",\"position\":1},{\"name\":\"Calculators\",\"@type\":\"ListItem\",\"item\":\"https://activecalculator.com/calculators\",\"position\":2},{\"name\":\"Finance\",\"@type\":\"ListItem\",\"item\":\"https://activecalculator.com/calculators/finance\",\"position\":3},{\"name\":\"Retained Earnings Calculator\",\"@type\":\"ListItem\",\"item\":\"https://activecalculator.com/calculators/finance/retained-earnings\",\"position\":4}]}"},"type":"application/ld+json"}],["$","script",null,{"dangerouslySetInnerHTML":{"__html":"{\"@context\":\"https://schema.org\",\"@type\":\"Article\",\"name\":\"Retained Earnings Calculator\",\"dateModified\":\"2026-04-14T06:32:51.522Z\",\"description\":\"Calculate retained earnings from net income, payout ratio, and shares outstanding. See dividends, profit retained, and per-share value instantly.\",\"author\":{\"name\":\"ActiveCalculator\",\"@type\":\"Organization\"},\"datePublished\":\"2026-04-14T06:15:25.594Z\",\"headline\":\"Retained Earnings Calculator\",\"image\":\"https://activecalculator.com/api/og/calculator?title=Retained%20Earnings%20Calculator\",\"mainEntityOfPage\":{\"@id\":\"https://activecalculator.com/calculators/finance/retained-earnings\",\"@type\":\"WebPage\"},\"publisher\":{\"name\":\"ActiveCalculator\",\"@type\":\"Organization\",\"logo\":{\"@type\":\"ImageObject\",\"height\":112,\"url\":\"https://activecalculator.com/logo.png\",\"width\":112}},\"keywords\":\"Retained Earnings Calculator, tool, Finance, Finance calculator\",\"url\":\"https://activecalculator.com/calculators/finance/retained-earnings\"}"},"type":"application/ld+json"}],["$","script",null,{"dangerouslySetInnerHTML":{"__html":"$2e"},"type":"application/ld+json"}],"$L2f"]
30:I[65569,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","6956","static/chunks/66a6e935-aee5d3cb85c323ac.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","9858","static/chunks/9858-f1918ded0530ca69.js","609","static/chunks/609-95e41ae6a69b88b2.js","2456","static/chunks/2456-94cb89c116d69dd0.js","994","static/chunks/994-2c56ebb2d663b523.js","6472","static/chunks/6472-2ee935ddbae5821a.js","3349","static/chunks/app/(frontend)/calculators/%5Bcategory%5D/%5Bslug%5D/page-70bb6ad84377852d.js"],"JumplistProvider"]
31:I[52456,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","6956","static/chunks/66a6e935-aee5d3cb85c323ac.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","9858","static/chunks/9858-f1918ded0530ca69.js","609","static/chunks/609-95e41ae6a69b88b2.js","2456","static/chunks/2456-94cb89c116d69dd0.js","994","static/chunks/994-2c56ebb2d663b523.js","6472","static/chunks/6472-2ee935ddbae5821a.js","3349","static/chunks/app/(frontend)/calculators/%5Bcategory%5D/%5Bslug%5D/page-70bb6ad84377852d.js"],"RichText"]
32:I[52924,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","6956","static/chunks/66a6e935-aee5d3cb85c323ac.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","9858","static/chunks/9858-f1918ded0530ca69.js","609","static/chunks/609-95e41ae6a69b88b2.js","2456","static/chunks/2456-94cb89c116d69dd0.js","994","static/chunks/994-2c56ebb2d663b523.js","6472","static/chunks/6472-2ee935ddbae5821a.js","3349","static/chunks/app/(frontend)/calculators/%5Bcategory%5D/%5Bslug%5D/page-70bb6ad84377852d.js"],"ShareButtons"]
33:I[56472,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","6956","static/chunks/66a6e935-aee5d3cb85c323ac.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","9858","static/chunks/9858-f1918ded0530ca69.js","609","static/chunks/609-95e41ae6a69b88b2.js","2456","static/chunks/2456-94cb89c116d69dd0.js","994","static/chunks/994-2c56ebb2d663b523.js","6472","static/chunks/6472-2ee935ddbae5821a.js","3349","static/chunks/app/(frontend)/calculators/%5Bcategory%5D/%5Bslug%5D/page-70bb6ad84377852d.js"],"RenderBlocks"]
36:I[62540,[],"IconMark"]
2f:["$","div",null,{"className":"min-h-screen bg-white","children":["$","$L30",null,{"children":["$","div",null,{"className":"py-10 lg:py-12 container","children":[["$","div",null,{"className":"mb-6","children":["$","div",null,{"className":"flex items-center flex-wrap gap-1 text-mist-600","children":[["$","$L8",null,{"className":"typo-small font-medium hover:text-blue-600 transition-colors duration-200","href":"/calculators","children":"Calculators"}],["$","svg",null,{"className":"text-mist-600","fill":"none","height":"16","stroke":"currentColor","strokeLinecap":"round","strokeLinejoin":"round","strokeWidth":"2","viewBox":"0 0 24 24","width":"16","xmlns":"http://www.w3.org/2000/svg","children":["$","polyline",null,{"points":"9 18 15 12 9 6"}]}],["$","$L8",null,{"className":"typo-small font-medium hover:text-blue-600 transition-colors duration-200","href":"/calculators/finance","children":"Finance"}]]}]}],["$","div",null,{"className":"mb-8","children":[["$","h1",null,{"className":"typo-title mb-4 text-mist-950","children":"Retained Earnings Calculator"}],["$","div",null,{"className":"text-mist-600 typo-normal max-w-2xl mb-4","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Split your earnings between dividends and reinvestment with a single payout-ratio input. Instantly see dividends distributed, retained earnings, and retained earnings per share.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}],["$","div",null,{"className":"flex mt-4","children":["$","$L32",null,{"variant":"full","title":"Retained Earnings Calculator"}]}]]}],false,["$","div",null,{"className":"grid grid-cols-1 lg:grid-cols-6 gap-8","children":[["$","div",null,{"className":"lg:col-span-4","children":[["$","div",null,{"className":"bg-white rounded-lg shadow-sm p-8 mb-6","children":["$","$L33",null,{"blocks":[{"blockType":"blogContent","blogContentFields":{"settings":{"background":"default","paddingTop":"medium","paddingBottom":"medium"},"richText":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Every dollar your business earns has two destinations: out to shareholders as a dividend, or back into the business as retained earnings. This calculator decides the split for you. Enter your earnings, the percentage you want to pay out, and your share count — you'll instantly see the dividends distributed, the profit retained, and the retained earnings per share.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"What makes this tool different from most retained earnings calculators is the ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"payout ratio input","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":". Instead of asking you to pre-calculate a dividend dollar amount, it lets you think the way owners and CFOs actually think: ","type":"text","version":1},{"detail":0,"format":2,"mode":"normal","style":"","text":"\"If I pay out 25% this year, what's left to reinvest?\"","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" That makes it useful not just for filling out an income statement, but for testing real decisions before you commit to them.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"What Retained Earnings Actually Mean","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"heading","version":1,"tag":"h2"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Retained earnings are the cumulative profits a business has kept rather than paid out. They sit on the balance sheet under shareholders' equity, and over time they tell you how a company has chosen to grow.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Two things people often get wrong:","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Retained earnings aren't cash.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" They're an accounting figure. The cash they represent may already be tied up in inventory, equipment, receivables, or debt repayment. A company can have $10 million in retained earnings and still be cash-poor.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Retained earnings can go negative.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" If lifetime losses and dividends exceed lifetime profits, the balance turns negative — called an accumulated deficit. It's common for early-stage startups and a warning sign for mature companies.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The number this calculator produces is the ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"period's contribution","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" to retained earnings — the slice this month, quarter, or year is adding to (or subtracting from) the running balance on your balance sheet.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"How the Formula Works","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"heading","version":1,"tag":"h2"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Three equations, working in sequence:","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"```","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Dividends distributed = Earnings × (Payout ratio ÷ 100)","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Retained earnings    = Earnings − Dividends distributed","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"Per-share retained   = Retained earnings ÷ Shares outstanding","type":"text","version":1},{"type":"linebreak","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":"```","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"If you've seen the textbook version — ","type":"text","version":1},{"detail":0,"format":2,"mode":"normal","style":"","text":"Beginning Retained Earnings + Net Income − Dividends = Ending Retained Earnings","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" — that's the running balance formula for the balance sheet. This calculator zooms in on the ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"decision","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" inside that equation: how to split this period's earnings. To get your ending balance, take this calculator's \"retained earnings\" output and add it to your prior period's balance.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"How to Use This Calculator","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"heading","version":1,"tag":"h2"},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Enter your earnings.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" Use net income from your income statement — the bottom line, after all expenses, interest, and taxes. Don't use revenue or gross profit; those overstate what's actually available.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Enter your dividend payout ratio.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" The percentage of earnings you plan to distribute. A 25% payout means a quarter of earnings goes to shareholders.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Enter your shares outstanding.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" For a single-owner business, this might be 1. For a corporation, use your actual share count. This drives only the per-share output — set it to 1 if you don't care about that figure.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Adjust and compare.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" Change the payout ratio and watch all three results update. This is the calculator's real power: comparing scenarios in seconds.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":4}],"direction":null,"format":"","indent":0,"type":"list","version":1,"listType":"number","start":1,"tag":"ol"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Three Scenarios Worth Working Through","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"heading","version":1,"tag":"h2"},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Scenario 1 — The year-end distribution decision","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Your business earned $80,000. You're considering a 30% distribution, leaving 70% for next year's growth. With 100 shares (you own them all):","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dividends: ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"$$24,000","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Retained earnings: ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"$$56,000","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Per share: ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"$$560","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":3}],"direction":null,"format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"That $56,000 is what funds next year's hires, equipment, or marketing — without going to the bank.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Scenario 2 — The payout sensitivity test","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Same $80,000 earnings, four payout strategies side by side:","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"type":"table","children":[{"type":"tablerow","children":[{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"Payout Ratio","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":1,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"Dividends","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":1,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"Retained","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":1,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"Per Share (100 sh)","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":1,"rowSpan":1}],"direction":"ltr","format":"","indent":0,"version":1},{"type":"tablerow","children":[{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"10%","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$8,000","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$72,000","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$720","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1}],"direction":"ltr","format":"","indent":0,"version":1},{"type":"tablerow","children":[{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"25%","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$20,000","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$60,000","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$600","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1}],"direction":"ltr","format":"","indent":0,"version":1},{"type":"tablerow","children":[{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"50%","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$40,000","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$40,000","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$400","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1}],"direction":"ltr","format":"","indent":0,"version":1},{"type":"tablerow","children":[{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"75%","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$60,000","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$20,000","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1},{"type":"tablecell","children":[{"type":"paragraph","children":[{"type":"text","text":"$$200","format":0,"style":"","detail":0,"mode":"normal","version":1}],"direction":"ltr","format":"","indent":0,"textFormat":0,"textStyle":"","version":1}],"direction":"ltr","format":"","indent":0,"version":1,"backgroundColor":null,"colSpan":1,"headerState":0,"rowSpan":1}],"direction":"ltr","format":"","indent":0,"version":1}],"direction":"ltr","format":"","indent":0,"version":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Every dollar paid out is a dollar gone from the growth budget. Seeing the trade-off in a single view usually settles the conversation faster than any spreadsheet model.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Scenario 3 — The startup with diluted ownership","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Your startup earned $200,000, you're keeping it all (0% payout), and there are 1,000,000 shares outstanding across founders, employees, and investors:","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Dividends: ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"$$0","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Retained earnings: ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"$$200,000","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Per share: ","type":"text","version":1},{"detail":0,"format":1,"mode":"normal","style":"","text":"$$0.20","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":3}],"direction":null,"format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"The per-share number tells each shareholder how much of this year's profit is being reinvested on their behalf. Multiply by share count to see your own slice.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Choosing a Payout Ratio: What's \"Normal\"?","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"heading","version":1,"tag":"h2"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"There's no single right answer, but real-world benchmarks help you sanity-check your decision:","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"0%","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" — Almost universal for early-stage tech and growth companies. Amazon famously paid no dividends until 2024. The logic: every retained dollar can earn a higher return inside the business than shareholders could earn elsewhere.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"20–40%","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" — The S&P 500 historical average sits in this range. A reasonable target for established, profitable businesses balancing growth and shareholder returns.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"50–70%","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" — Common for mature, slower-growth sectors: consumer staples, telecoms, established financials. Less reinvestment opportunity, more cash returned.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"70%+","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" — Utilities, REITs (which are legally required to distribute 90% of taxable income), and tobacco. Sustainable only when reinvestment needs are low and cash flow is predictable.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Over 100%","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" — Red flag. The company is paying out more than it earned, drawing down cash reserves or borrowing to fund the dividend. Sometimes justified short-term; rarely sustainable.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":5}],"direction":null,"format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Common Mistakes to Avoid","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"heading","version":1,"tag":"h2"},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Using revenue instead of net income.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" Your dividend pool is profit, not sales. This is the most common error in DIY calculations.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Forgetting taxes.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" Net income is already post-tax for the business, but dividends are taxed again at the shareholder level (the \"double taxation\" problem for C-corps). The number you retain is what funds growth; the number paid out shrinks before it reaches the shareholder.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Confusing payout ratio with dividend yield.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" Payout ratio is dividends ÷ earnings. Yield is dividends ÷ share price. Different questions, different answers.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":3},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Ignoring cash position.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" A company can declare a dividend on paper without having the cash to pay it. Check your cash flow statement before committing.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":4},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Treating retained earnings as a savings account.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" It's a cumulative accounting figure. The actual cash from prior periods has likely already been deployed.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":5}],"direction":null,"format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"},{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"A Few Final Notes","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"heading","version":1,"tag":"h2"},{"children":[{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Tax planning matters.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" Distribution decisions have major tax consequences, especially for C-corps facing double taxation. Talk to your accountant before locking in a payout policy.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":1},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"The per-share number is for analysis, not decisions.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" Use it to communicate value to shareholders; use total retained earnings for actual budget planning.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":2},{"children":[{"detail":0,"format":1,"mode":"normal","style":"","text":"Revisit your payout ratio annually.","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" What worked in a high-growth year may not fit a year with major capital needs or unexpected losses. The point of this calculator is to make that conversation easier.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"listitem","version":1,"value":3}],"direction":null,"format":"","indent":0,"type":"list","version":1,"listType":"bullet","start":1,"tag":"ul"}],"direction":null,"format":"","indent":0,"type":"root","version":1}}},"id":"69dddb7ddcec2c00049dfa23"}]}]}],"$L34"]}],"$L35"]}]]}]}]}]
28:null
2d:[["$","title","0",{"children":"Retained Earnings Calculator — Dividends, Profit & Per-Share"}],["$","meta","1",{"name":"description","content":"Calculate retained earnings from net income, payout ratio, and shares outstanding. See dividends, profit retained, and per-share value instantly."}],["$","link","2",{"rel":"canonical","href":"https://activecalculator.com/calculators/finance/retained-earnings"}],["$","meta","3",{"property":"og:title","content":"Retained Earnings Calculator — Dividends, Profit & Per-Share"}],["$","meta","4",{"property":"og:description","content":"Calculate retained earnings from net income, payout ratio, and shares outstanding. See dividends, profit retained, and per-share value instantly."}],["$","meta","5",{"property":"og:url","content":"https://activecalculator.com/calculators/finance/retained-earnings"}],["$","meta","6",{"property":"og:site_name","content":"ActiveCalculator"}],["$","meta","7",{"property":"og:locale","content":"en_US"}],["$","meta","8",{"property":"og:image","content":"https://activecalculator.com/api/og/calculator?title=Retained%20Earnings%20Calculator"}],["$","meta","9",{"property":"og:image:width","content":"1200"}],["$","meta","10",{"property":"og:image:height","content":"630"}],["$","meta","11",{"property":"og:image:alt","content":"Retained Earnings Calculator — Dividends, Profit & Per-Share"}],["$","meta","12",{"property":"og:type","content":"website"}],["$","meta","13",{"name":"twitter:card","content":"summary_large_image"}],["$","meta","14",{"name":"twitter:site","content":"@activecalculator"}],["$","meta","15",{"name":"twitter:creator","content":"@activecalculator"}],["$","meta","16",{"name":"twitter:title","content":"Retained Earnings Calculator — Dividends, Profit & Per-Share"}],["$","meta","17",{"name":"twitter:description","content":"Calculate retained earnings from net income, payout ratio, and shares outstanding. See dividends, profit retained, and per-share value instantly."}],["$","meta","18",{"name":"twitter:image","content":"https://activecalculator.com/api/og/calculator?title=Retained%20Earnings%20Calculator"}],["$","link","19",{"rel":"icon","href":"/favicon.ico?756f06c5b2066fec","type":"image/x-icon","sizes":"48x48"}],["$","$L36","20",{}]]
3c:I[51318,["9310","static/chunks/f8d55a4d-f82e876c81147bfd.js","6956","static/chunks/66a6e935-aee5d3cb85c323ac.js","7821","static/chunks/7821-fecf606f47f1f58d.js","8963","static/chunks/8963-69c253eec8d741c5.js","9858","static/chunks/9858-f1918ded0530ca69.js","609","static/chunks/609-95e41ae6a69b88b2.js","2456","static/chunks/2456-94cb89c116d69dd0.js","994","static/chunks/994-2c56ebb2d663b523.js","6472","static/chunks/6472-2ee935ddbae5821a.js","3349","static/chunks/app/(frontend)/calculators/%5Bcategory%5D/%5Bslug%5D/page-70bb6ad84377852d.js"],"Calculator"]
34:["$","div",null,{"className":"bg-white rounded-lg shadow-sm p-8","children":[["$","h2",null,{"className":"typo-large mb-6 text-mist-950","children":"Frequently Asked Questions"}],["$","div",null,{"className":"space-y-6","children":[["$","div","0",{"className":"pb-6 last:pb-0","children":[["$","h3",null,{"className":"text-lg font-medium text-mist-950 mb-3","children":"What's the difference between retained earnings and net income?"}],["$","div",null,{"className":"prose max-w-none text-mist-600","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Net income is what you earned this period. Retained earnings are what's left after dividends — and on the balance sheet, it's the cumulative total across every period since the company's founding.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}]]}],["$","div","1",{"className":"pb-6 last:pb-0","children":[["$","h3",null,{"className":"text-lg font-medium text-mist-950 mb-3","children":"Can retained earnings be negative?"}],["$","div",null,{"className":"prose max-w-none text-mist-600","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Yes. Cumulative losses or dividends that exceed cumulative profits create an \"accumulated deficit.\" Normal for early-stage startups burning capital; concerning for mature companies.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}]]}],["$","div","2",{"className":"pb-6 last:pb-0","children":[["$","h3",null,{"className":"text-lg font-medium text-mist-950 mb-3","children":"Does this calculator track my running balance over time?"}],["$","div",null,{"className":"prose max-w-none text-mist-600","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"No — it focuses on one period's split. To find your ending balance, take the retained earnings output and add it to last period's balance.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}]]}],["$","div","3",{"className":"pb-6 last:pb-0","children":[["$","h3",null,{"className":"text-lg font-medium text-mist-950 mb-3","children":"What counts as \"earnings\" here?"}],["$","div",null,{"className":"prose max-w-none text-mist-600","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Use net income, the bottom line of your income statement after all expenses, interest, and taxes. Revenue and gross profit will give you misleading results.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}]]}],["$","div","4",{"className":"pb-6 last:pb-0","children":[["$","h3",null,{"className":"text-lg font-medium text-mist-950 mb-3","children":"How is payout ratio different from dividend yield?"}],["$","div",null,{"className":"prose max-w-none text-mist-600","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Payout ratio measures dividends as a percentage of ","type":"text","version":1},{"detail":0,"format":2,"mode":"normal","style":"","text":"earnings","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" (an internal decision). Dividend yield measures dividends as a percentage of ","type":"text","version":1},{"detail":0,"format":2,"mode":"normal","style":"","text":"share price","type":"text","version":1},{"detail":0,"format":0,"mode":"normal","style":"","text":" (an investor's return). They answer different questions.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}]]}],["$","div","5",{"className":"pb-6 last:pb-0","children":[["$","h3",null,{"className":"text-lg font-medium text-mist-950 mb-3","children":"Should preferred dividends factor in?"}],"$L37"]}],"$L38","$L39","$L3a","$L3b"]}]]}]
35:["$","div",null,{"className":"lg:col-span-2","children":[["$","div",null,{"className":"sticky top-24 mb-6 max-h-[calc(100vh-6rem)] overflow-y-auto space-y-4","children":[["$","$L3c",null,{"className":"rounded-xl shadow-sm","id":"cmnxc93960000la04ckaonfu3"}],["$","div",null,{"className":"bg-white rounded-lg shadow-sm p-4","children":["$","nav",null,{"aria-label":"Table of contents","children":[["$","h2",null,{"className":"text-lg font-display font-normal mb-4 text-mist-900","children":"Table of Contents"}],["$","ul",null,{"className":"space-y-2.5","children":[["$","li","what-retained-earnings-actually-mean",{"className":"","children":["$","$L8",null,{"className":"block py-1 text-mist-600 hover:text-mist-900 hover:underline transition-colors leading-relaxed text-sm no-underline","href":"#what-retained-earnings-actually-mean","children":"What Retained Earnings Actually Mean"}]}],["$","li","how-the-formula-works",{"className":"","children":["$","$L8",null,{"className":"block py-1 text-mist-600 hover:text-mist-900 hover:underline transition-colors leading-relaxed text-sm no-underline","href":"#how-the-formula-works","children":"How the Formula Works"}]}],["$","li","how-to-use-this-calculator",{"className":"","children":["$","$L8",null,{"className":"block py-1 text-mist-600 hover:text-mist-900 hover:underline transition-colors leading-relaxed text-sm no-underline","href":"#how-to-use-this-calculator","children":"How to Use This Calculator"}]}],["$","li","three-scenarios-worth-working-through",{"className":"","children":["$","$L8",null,{"className":"block py-1 text-mist-600 hover:text-mist-900 hover:underline transition-colors leading-relaxed text-sm no-underline","href":"#three-scenarios-worth-working-through","children":"Three Scenarios Worth Working Through"}]}],["$","li","choosing-a-payout-ratio-whats-normal",{"className":"","children":["$","$L8",null,{"className":"block py-1 text-mist-600 hover:text-mist-900 hover:underline transition-colors leading-relaxed text-sm no-underline","href":"#choosing-a-payout-ratio-whats-normal","children":"Choosing a Payout Ratio: What's \"Normal\"?"}]}],["$","li","common-mistakes-to-avoid",{"className":"","children":["$","$L8",null,{"className":"block py-1 text-mist-600 hover:text-mist-900 hover:underline transition-colors leading-relaxed text-sm no-underline","href":"#common-mistakes-to-avoid","children":"Common Mistakes to Avoid"}]}],["$","li","a-few-final-notes",{"className":"","children":["$","$L8",null,{"className":"block py-1 text-mist-600 hover:text-mist-900 hover:underline transition-colors leading-relaxed text-sm no-underline","href":"#a-few-final-notes","children":"A Few Final Notes"}]}]]}]]}]}]]}],["$","div",null,{"className":"space-y-6","children":false}]]}]
37:["$","div",null,{"className":"prose max-w-none text-mist-600","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"If you have preferred shares, subtract preferred dividends from net income first, then apply the payout ratio to common shareholders. Most small businesses can ignore this.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}]
38:["$","div","6",{"className":"pb-6 last:pb-0","children":[["$","h3",null,{"className":"text-lg font-medium text-mist-950 mb-3","children":"Why do profitable companies sometimes pay 0% in dividends?"}],["$","div",null,{"className":"prose max-w-none text-mist-600","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Because reinvested capital can earn a higher return inside the business than shareholders could earn elsewhere. Amazon, Berkshire Hathaway, and most growth-stage companies follow this logic.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}]]}]
39:["$","div","7",{"className":"pb-6 last:pb-0","children":[["$","h3",null,{"className":"text-lg font-medium text-mist-950 mb-3","children":"What's a healthy retained earnings per share?"}],["$","div",null,{"className":"prose max-w-none text-mist-600","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"There's no universal benchmark — it depends on share count and business size. The more useful question is whether it's growing year over year, which signals consistent reinvestment.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}]]}]
3a:["$","div","8",{"className":"pb-6 last:pb-0","children":[["$","h3",null,{"className":"text-lg font-medium text-mist-950 mb-3","children":"Does this work for an LLC or sole proprietorship?"}],["$","div",null,{"className":"prose max-w-none text-mist-600","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"Yes, with different vocabulary. For an LLC, \"dividends\" become member distributions and \"retained earnings\" become member equity. For a sole proprietor, owner's draws replace dividends. The math is identical.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}]]}]
3b:["$","div","9",{"className":"pb-6 last:pb-0","children":[["$","h3",null,{"className":"text-lg font-medium text-mist-950 mb-3","children":"Can I pay out more than 100% of earnings?"}],["$","div",null,{"className":"prose max-w-none text-mist-600","children":["$","$L31",null,{"content":{"root":{"children":[{"children":[{"detail":0,"format":0,"mode":"normal","style":"","text":"You can, by drawing on prior retained earnings or cash reserves. It's sometimes done to maintain a dividend track record during a down year. It's not sustainable — eventually you run out of accumulated profits to draw from.","type":"text","version":1}],"direction":null,"format":"","indent":0,"type":"paragraph","version":1,"textFormat":0,"textStyle":""}],"direction":null,"format":"","indent":0,"type":"root","version":1}}}]}]]}]