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GuruFocus has detected 6 Warning Signs with Agilent Technologies Inc $A.
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Agilent Technologies Inc (NYSE:A)
Retained Earnings
$-453 Mil (As of Jan. 2017)

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Agilent Technologies Inc's retained earnings for the quarter that ended in Jan. 2017 was $-453 Mil.

Agilent Technologies Inc's quarterly retained earnings increased from Jul. 2016 ($6,000 Mil) to Oct. 2016 ($6,089 Mil) but then declined from Oct. 2016 ($6,089 Mil) to Jan. 2017 ($-453 Mil).

Agilent Technologies Inc's annual retained earnings declined from Oct. 2014 ($6,469 Mil) to Oct. 2015 ($5,581 Mil) but then increased from Oct. 2015 ($5,581 Mil) to Oct. 2016 ($6,089 Mil).


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.


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.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Agilent Technologies Inc Annual Data

Retained Earnings 2,1722,7912,7603,4444,4565,5056,0736,4695,5816,089

Agilent Technologies Inc Quarterly Data

Retained Earnings 6,4695,3485,3975,4745,5815,6665,7206,0006,089-453
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