BorgWarner (BSP:B1WA34) Retained Earnings

: R$30,144 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. BorgWarner's retained earnings for the quarter that ended in Dec. 2023 was R$30,144 Mil.

BorgWarner's quarterly retained earnings declined from Jun. 2023 (R$37,839 Mil) to Sep. 2023 (R$29,682 Mil) but then increased from Sep. 2023 (R$29,682 Mil) to Dec. 2023 (R$30,144 Mil).

BorgWarner's annual retained earnings increased from Dec. 2021 (R$37,724 Mil) to Dec. 2022 (R$39,099 Mil) but then declined from Dec. 2022 (R$39,099 Mil) to Dec. 2023 (R$30,144 Mil).

BorgWarner Retained Earnings Historical Data

The historical data trend for BorgWarner'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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BorgWarner Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

24,388.94

32,391.03

37,723.84

39,099.21

30,143.57

BorgWarner Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																39,099.21	39,752.04	37,839.45	29,681.59	30,143.57

BorgWarner 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.

BorgWarner (BSP:B1WA34) 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.

BorgWarner (BSP:B1WA34) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » BorgWarner Inc (BSP:B1WA34) » Definitions » Retained Earnings

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Traded in Other Exchanges

BWA:USA BGW:Germany

Address

3850 Hamlin Road, Auburn Hills, MI, USA, 48326

Website

https://www.borgwarner.com

BorgWarner is a Tier I auto-parts supplier with three operating segments. The air management group makes turbochargers, e-boosters, e-turbos, timing systems, emissions systems, thermal systems, gasoline ignition technology, powertrain sensors, and cabin heaters. The drivetrain and battery systems group produces automatic transmission components, torque management products, battery heaters, battery charging, and battery modules. The e-propulsion segment makes e-motors, power electronics, and software and control modules. The company's largest customers are Ford and Volkswagen at 13% and 8% of 2022 revenue, respectively. Geographically, Europe accounted for 34% of 2022 revenue, while Asia and North America were 32% each.

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