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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Penn West Petroleum Ltd's retained earnings for the quarter that ended in Dec. 2013 was $-1,366 Mil.
Penn West Petroleum Ltd's quarterly retained earnings declined from Jun. 2013 ($-583 Mil) to Sep. 2013 ($-625 Mil) and declined from Sep. 2013 ($-625 Mil) to Dec. 2013 ($-1,366 Mil).
Penn West Petroleum Ltd's annual retained earnings declined from Dec. 2011 ($130 Mil) to Dec. 2012 ($-264 Mil) and declined from Dec. 2012 ($-264 Mil) to Dec. 2013 ($-1,366 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 Buffetts 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 isnt adding to its retained earnings, it isnt growing its net worth.
Rate of growth of retained earnings is good indicator whether its 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.
Penn West Petroleum Ltd Annual Data
Penn West Petroleum Ltd Quarterly Data