Husky Energy (TSX:HSE) Retained Earnings : C$-902 Mil (As of Sep. 2020)

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What is Husky Energy Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Husky Energy's retained earnings for the quarter that ended in Sep. 2020 was C$-902 Mil.

Husky Energy's quarterly retained earnings declined from Mar. 2020 (C$6,526 Mil) to Jun. 2020 (C$6,200 Mil) and declined from Jun. 2020 (C$6,200 Mil) to Sep. 2020 (C$-902 Mil).

Husky Energy's annual retained earnings increased from Dec. 2017 (C$9,207 Mil) to Dec. 2018 (C$10,273 Mil) but then declined from Dec. 2018 (C$10,273 Mil) to Dec. 2019 (C$8,365 Mil).

Husky Energy Retained Earnings Historical Data

The historical data trend for Husky 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.

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Husky Energy Retained Earnings Chart

Husky Energy Annual Data

Trend

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Retained Earnings

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7,589.00

8,457.00

9,207.00

10,273.00

8,365.00

Husky Energy Quarterly Data
	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20
Retained Earnings	Get a 7-Day Free Trial															10,841.00	8,365.00	6,526.00	6,200.00	-902.00

Husky 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.

Husky Energy (TSX:HSE) 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.

Husky Energy (TSX:HSE) Business Description

Industry

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Address

707, 8th Avenue S.W, PO Box 6525, Station D, Calgary, AB, CAN, T2P 1H5

Website

https://www.huskyenergy.com

Husky Energy is one of Canada's largest integrated energy companies, operating in western Canada, the United States, and the Asia-Pacific and Atlantic regions. The upstream portfolio includes light and medium crude, heavy crude, bitumen, natural gas liquids, and natural gas. Husky's heavy oil and oil sands production are supported by two integrated downstream and midstream value chains. Production averaged 290,000 barrels of oil equivalent per day in 2019, and Husky estimates that it holds approximately 2.1 billion boe of proven and probable crude oil and natural gas reserves.

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