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California Water Service Group (California Water Service Group) Retained Earnings : $603.3 Mil (As of Mar. 2024)


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What is California Water Service Group Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. California Water Service Group's retained earnings for the quarter that ended in Mar. 2024 was $603.3 Mil.

California Water Service Group's quarterly retained earnings increased from Sep. 2023 ($534.5 Mil) to Dec. 2023 ($549.6 Mil) and increased from Dec. 2023 ($549.6 Mil) to Mar. 2024 ($603.3 Mil).

California Water Service Group's annual retained earnings increased from Dec. 2021 ($514.9 Mil) to Dec. 2022 ($556.7 Mil) but then declined from Dec. 2022 ($556.7 Mil) to Dec. 2023 ($549.6 Mil).


California Water Service Group Retained Earnings Historical Data

The historical data trend for California Water Service Group'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.

California Water Service Group Retained Earnings Chart

California Water Service Group Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 417.15 472.21 514.87 556.70 549.57

California Water Service Group 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 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 520.03 515.02 534.45 549.57 603.33

California Water Service Group 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.


California Water Service Group  (NYSE:CWT) 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.


California Water Service Group (California Water Service Group) Business Description

Traded in Other Exchanges
Address
1720 North First Street, San Jose, CA, USA, 95112
California Water Service Group is a U.S. water and utilities holding company based in California. The company engages in the production, treatment, storage, distribution, and sale of water for various uses. The firm operates through its subsidiaries, which can be divided between regulated and unregulated businesses. The regulated public utilities subsidiaries operate in California, New Mexico, Washington, and Hawaii. The unregulated subsidiaries provide water utility services to private companies and municipalities. The company derives the majority of its revenue from its operations in California and, overall, from residential customers.
Executives
Thomas M Krummel director C/O CALIFORNIA WATER SERVICE GROUP, 1720 N. FIRST STREET, SAN JOSE CA 95118
Michelle R Mortensen officer: Corporate Secretary 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Jeffrey Kightlinger director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Charles R. Patton director 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
David B Healey officer: VP, CEO and Treasurer C/O CALIFORNIA WATER SERVICE COMPANY, 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Robert J Kuta officer: VP, Engineering 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Shelly Marian Esque director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Yvonne Aida Maldonado director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Carol M Pottenger director 1720 NORTH FIRST STREET, SAN JOSE CA 95020
Gregory E Aliff director 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Peter C Nelson director C/O CALIFORNIA WATER SERVICE GROUP, 1720 NORTH FIRST STREET, SAN JOSE CA 95112
Lester A Snow director C/O CALIFORNIA WATER SERVICE GROUP, 1720 N FIRST STREET, SAN JOSE CA 95112
Patricia K Wagner director 1720 NORTH FIRST STREET, SAN JOSE CA 95020
Scott L Morris director 1411 E MISSION AVE, SPOKANE WA 99202
Shawn C Bunting officer: VP Corporate Council 1720 NORTH FIRST STREET, SAN JOSE CA 95112