Ithaca Energy (LSE:IAE) Retained Earnings : £89.1 Mil (As of Mar. 2017)

View and export this data going back to 2006. Start your Free Trial

What is Ithaca Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Ithaca Energy's retained earnings for the quarter that ended in Mar. 2017 was £89.1 Mil.

Ithaca Energy's quarterly retained earnings increased from Sep. 2016 (£67.5 Mil) to Dec. 2016 (£79.6 Mil) and increased from Dec. 2016 (£79.6 Mil) to Mar. 2017 (£89.1 Mil).

Ithaca Energy's annual retained earnings declined from Dec. 2014 (£175.2 Mil) to Dec. 2015 (£102.3 Mil) and declined from Dec. 2015 (£102.3 Mil) to Dec. 2016 (£79.6 Mil).

Ithaca Energy Retained Earnings Historical Data

The historical data trend for Ithaca Energy'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.

Ithaca Energy Retained Earnings Chart

Ithaca Energy Annual Data

Trend

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Retained Earnings

Get a 7-Day Free Trial

95.32

182.19

175.18

102.30

79.57

Ithaca Energy Quarterly Data
	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17
Retained Earnings	Get a 7-Day Free Trial															119.94	112.21	67.49	79.57	89.12

Ithaca Energy 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.

Ithaca Energy (LSE:IAE) 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.

Ithaca Energy (LSE:IAE) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Ithaca Energy Inc (LSE:IAE) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

Website

http://www.ithacaenergy.com

Ithaca Energy Inc was incorporated on April 27, 2004 and is domiciled in Alberta, Canada. The Company is a North Sea oil and gas operator focused on the delivery of lower risk growth through the appraisal and development of UK undeveloped discoveries, the exploitation of its existing UK producing asset portfolio.

Ithaca Energy (LSE:IAE) Headlines

From GuruFocus

Deep Dive into Voya Asia Pacific High Dividend Equity Income Fund's Dividend Performance

By GuruFocus Research • 10-02-2023

Bill Gates' Foundation Buys Into Voya Asia Pacific High Dividend Equity Income Fund

By Graham Griffin Graham Griffin • 11-25-2020