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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Meritage Homes's retained earnings for the quarter that ended in Mar. 2024 was $4,479 Mil.
Meritage Homes's quarterly retained earnings increased from Sep. 2023 ($4,132 Mil) to Dec. 2023 ($4,321 Mil) and increased from Dec. 2023 ($4,321 Mil) to Mar. 2024 ($4,479 Mil).
Meritage Homes's annual retained earnings increased from Dec. 2021 ($2,629 Mil) to Dec. 2022 ($3,621 Mil) and increased from Dec. 2022 ($3,621 Mil) to Dec. 2023 ($4,321 Mil).
The historical data trend for Meritage Homes'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.
Meritage Homes Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 1,468.26 | 1,891.73 | 2,629.18 | 3,621.37 | 4,320.58 |
Meritage Homes Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | 3,742.74 | 3,919.65 | 4,131.57 | 4,320.58 | 4,479.36 |
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.
Meritage Homes (NYSE:MTH) 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.
Phillippe Lord | officer: EXECUTIVE VICE PRESIDENT | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Peter L Ax | director | |
Alison Sasser | officer: SVP - Chief Accounting Officer | 8800 E RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Hilla Sferruzza | officer: Chief Accounting Officer | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Javier Feliciano | officer: EVP Chief Human Resources Off | 8800 EAST RAINTREE DRIVE, SUITE 300, SCOTTSDALE AZ 85260 |
Dennis V Arriola | director | 162 CANCO ROAD, PORTLAND ME 04103 |
R. Odell Michael | director | 3111 WEST ALLEGHENY AVENUE, PHILADELPHIA PA 19130 |
Gerald W Haddock | director | C/O ENSCO, 5847 SAN FELIPE, HOUSTON TX 77057 |
Raymond Oppel | director | |
Steven J Hilton | officer: Chief Executive Officer | 6613 N SCOTTSDALE RD, SCOTTSDALE AZ 85250 |
Clinton Szubinski | officer: EVP - Chief Operating Officer | 8800 E RAINTREE DRIVE, SCOTTSDALE AZ 85260 |
Malissia Clinton | officer: EVP - Gen. Counsel, Secretary | 333 THREE D SYSTEMS CIRCLE, ROCK HILL SC 29730 |
Louis E Caldera | director | C/O BELO CORP, PO BOX 655237, DALLAS TX 75265-5237 |
C Timothy White | officer: EVP - Gen. Counsel, Secretary | |
Dana Bradford | director | BALLANTYNE OF OMAHA INC, 4350 MCKINLEY STREET, OMAHA NE 68112 |
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