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American Pacific (FRA:ACQ) Retained Earnings : €35.9 Mil (As of Sep. 2013)


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What is American Pacific Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. American Pacific's retained earnings for the quarter that ended in Sep. 2013 was €35.9 Mil.

American Pacific's quarterly retained earnings increased from Mar. 2013 (€22.1 Mil) to Jun. 2013 (€28.1 Mil) and increased from Jun. 2013 (€28.1 Mil) to Sep. 2013 (€35.9 Mil).

American Pacific's annual retained earnings increased from Sep. 2011 (€-0.4 Mil) to Sep. 2012 (€19.2 Mil) and increased from Sep. 2012 (€19.2 Mil) to Sep. 2013 (€35.9 Mil).


American Pacific Retained Earnings Historical Data

The historical data trend for American Pacific'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.

American Pacific Retained Earnings Chart

American Pacific Annual Data
Trend Sep04 Sep05 Sep06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 6.86 5.13 -0.38 19.25 35.93

American Pacific Quarterly Data
Dec08 Mar09 Jun09 Sep09 Dec09 Mar10 Jun10 Sep10 Dec10 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13
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 19.25 19.78 22.15 28.11 35.93

American Pacific 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.


American Pacific  (FRA:ACQ) 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.


American Pacific (FRA:ACQ) Business Description

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American Pacific Corporation was incorporated in Delaware in December 1980. The Company is a custom manufacturer of fine chemicals, specialty chemicals and propulsion products. It supplies active pharmaceutical ingredients and registered intermediates to the pharmaceutical industry. The pharmaceutical ingredients it manufacture are used by its customers in drugs with indications in three primary areas: anti-viral, oncology, and central nervous system. Its customers include pharmaceutical and biotechnology companies, as well as emerging pharmaceutical companies. Its continuing operations comprise three reportable business segments: Fine Chemicals, Specialty Chemicals, and Other Businesses. The Fine Chemicals segment is operated through its wholly-owned subsidiaries Ampac Fine Chemicals LLC and AMPAC Fine Chemicals Texas, LLC. Specialty Chemicals segment is principally engaged in the production of perchlorates, which include several grades of ammonium perchlorate, sodium perchlorate and potassium perchlorate. In addition, it produce and sell sodium azide, a chemical primarily used in pharmaceutical manufacturing, and Halotron, a series of clean fire extinguishing agents used in fire extinguishing products ranging from portable fire extinguishers to total flooding systems. For the aerospace and defense industry, it provides specialty chemicals used in solid rocket motors for space launch and military missiles. Other Businesses segment contains its water treatment equipment division and real estate activities PEPCON Systems, an operating division of the Company, is a manufacturer and supplier of On-Site Hypochlorite Generation systems.The Company design, manufacture and service equipment used to purify water or air in municipal, industrial and power generation applications. The systems are marketed under the ChlorMaster and Odormaster names. The main competing product to Halotron I is FE36 manufactured by DuPont. The Company's operations are subject to extensive federal, state and local regulations governing, among other things, emissions to air, discharges to water and waste management.

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