GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FirstGroup PLC (OTCPK:FGROF) » Definitions » Retained Earnings

FirstGroup (FirstGroup) Retained Earnings : $-133 Mil (As of Sep. 2023)


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

What is FirstGroup Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. FirstGroup's retained earnings for the quarter that ended in Sep. 2023 was $-133 Mil.

FirstGroup's quarterly retained earnings declined from Sep. 2022 ($43 Mil) to Mar. 2023 ($24 Mil) and declined from Mar. 2023 ($24 Mil) to Sep. 2023 ($-133 Mil).

FirstGroup's annual retained earnings increased from Mar. 2021 ($-124 Mil) to Mar. 2022 ($181 Mil) but then declined from Mar. 2022 ($181 Mil) to Mar. 2023 ($24 Mil).

FirstGroup Retained Earnings Historical Data

The historical data trend for FirstGroup'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.

FirstGroup Retained Earnings Chart

FirstGroup Annual Data
Trend Mar14 Mar15 Mar16 Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 326.88 -175.12 -124.27 181.29 23.67

FirstGroup Semi-Annual Data
Mar14 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 538.46 181.29 42.92 23.67 -133.29

FirstGroup 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.

FirstGroup  (OTCPK:FGROF) 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.

FirstGroup (FirstGroup) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » FirstGroup PLC (OTCPK:FGROF) » Definitions » Retained Earnings
Comparable Companies
LSE:MCG LSE:GLTR UNP TSX:CNR TSX:CP CSX NSC SHSE:601816 WAB HKSE:01766 TSE:9022 TSE:9020 HKSE:00066 SHSE:601006 TSE:9021 GMXT XPAR:GET BOM:542830 BSP:RAIL3 HKSE:03969
Traded in Other Exchanges
FGROY:USA FGPl:UK FGP:UK
Address
37 North Wharf Road, 8th Floor, The Point, Paddington, London, GBR, W2 1AF
Website
https://www.firstgroupplc.com
FirstGroup PLC is a passenger transportation company domiciled in the United Kingdom. The company organizes itself into segments: Greyhound, First Bus, and First Rail. The Greyhound segment operates intercity coaches in the United States and Canada. First Bus operates buses in the United Kingdom. First Rail operates passenger trains in the United Kingdom. The company derives the majority of its revenue from the United Kingdom.