Brown-Forman (BSP:B1FC34) Retained Earnings : R$19,648 Mil (As of Jan. 2024)

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What is Brown-Forman Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Brown-Forman's retained earnings for the quarter that ended in Jan. 2024 was R$19,648 Mil.

Brown-Forman's quarterly retained earnings increased from Jul. 2023 (R$17,637 Mil) to Oct. 2023 (R$19,799 Mil) but then declined from Oct. 2023 (R$19,799 Mil) to Jan. 2024 (R$19,648 Mil).

Brown-Forman's annual retained earnings declined from Apr. 2021 (R$18,059 Mil) to Apr. 2022 (R$15,415 Mil) but then increased from Apr. 2022 (R$15,415 Mil) to Apr. 2023 (R$18,293 Mil).

Brown-Forman Retained Earnings Historical Data

The historical data trend for Brown-Forman'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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Brown-Forman Retained Earnings Chart

Brown-Forman Annual Data

Trend

Apr14

Apr15

Apr16

Apr17

Apr18

Apr19

Apr20

Apr21

Apr22

Apr23

Retained Earnings

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8,722.38

14,398.71

18,058.97

15,414.74

18,293.32

Brown-Forman Quarterly Data
	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Retained Earnings	Get a 7-Day Free Trial															17,845.59	18,293.32	17,637.04	19,798.90	19,648.21

Brown-Forman 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.

Brown-Forman (BSP:B1FC34) 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.

Brown-Forman (BSP:B1FC34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Beverages - Alcoholic » Brown-Forman Corp (BSP:B1FC34) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

BF.B:USA BF.A:USA BF5B:Germany

Address

850 Dixie Highway, Louisville, KY, USA, 40210

Website

https://www.brown-forman.com

Brown-Forman is a U.S.-based manufacturer of premium distilled spirits that generates close to 70% of revenues in the whiskey category, under well-known Tennessee whiskey brand Jack Daniel's and bourbon brands Woodford Reserve and Old Forester. It also manufactures and distributes tequila, vodka, rum, gin, and premium wines. The company generates 47% of sales from its home market, while the bulk of international revenues come from Europe, Australia, and Latin America. The Brown family controls over 50% of the economic interests and a 67% voting power of the company.

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