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Apollo Education Group Inc  (NAS:APOL) Retained Earnings: $5,019 Mil (As of Nov. 2016)

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Apollo Education Group Inc's retained earnings for the quarter that ended in Nov. 2016 was $5,019 Mil.

Apollo Education Group Inc's quarterly retained earnings declined from May. 2016 ($5,062 Mil) to Aug. 2016 ($5,025 Mil) and declined from Aug. 2016 ($5,025 Mil) to Nov. 2016 ($5,019 Mil).

Apollo Education Group Inc's annual retained earnings increased from Aug. 2014 ($5,144 Mil) to Aug. 2015 ($5,153 Mil) but then declined from Aug. 2015 ($5,153 Mil) to Aug. 2016 ($5,025 Mil).


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Apollo Education Group Inc Annual Data

Aug07 Aug08 Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Aug16
Retained Earnings Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 4,743.15 4,978.82 5,143.95 5,153.45 5,024.53

Apollo Education Group Inc Quarterly Data

Feb12 May12 Aug12 Nov12 Feb13 May13 Aug13 Nov13 Feb14 May14 Aug14 Nov14 Feb15 May15 Aug15 Nov15 Feb16 May16 Aug16 Nov16
Retained Earnings 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 Premium Member Only Premium Member Only Premium Member Only 5,093.00 5,031.86 5,061.63 5,024.53 5,018.61

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.


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.


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