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Consolidated Edison (Consolidated Edison) Retained Earnings : $13,377 Mil (As of Dec. 2023)


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What is Consolidated Edison Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Consolidated Edison's retained earnings for the quarter that ended in Dec. 2023 was $13,377 Mil.

Consolidated Edison's quarterly retained earnings increased from Jun. 2023 ($13,075 Mil) to Sep. 2023 ($13,321 Mil) and increased from Sep. 2023 ($13,321 Mil) to Dec. 2023 ($13,377 Mil).

Consolidated Edison's annual retained earnings increased from Dec. 2021 ($11,445 Mil) to Dec. 2022 ($11,985 Mil) and increased from Dec. 2022 ($11,985 Mil) to Dec. 2023 ($13,377 Mil).


Consolidated Edison Retained Earnings Historical Data

The historical data trend for Consolidated Edison'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.

Consolidated Edison Retained Earnings Chart

Consolidated Edison Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11,100.00 11,178.00 11,445.00 11,985.00 13,377.00

Consolidated Edison Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Retained Earnings Get a 7-Day Free Trial 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 11,985.00 13,130.00 13,075.00 13,321.00 13,377.00

Consolidated Edison 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.


Consolidated Edison  (NYSE:ED) 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.


Consolidated Edison (Consolidated Edison) Business Description

Traded in Other Exchanges
Address
4 Irving Place, Room 700, New York, NY, USA, 10003
Con Ed is a holding company for Consolidated Edison of New York, or CECONY, and Orange & Rockland, or O&R. These utilities provide steam, natural gas, and electricity to customers in southeastern New York—including New York City—and small parts of New Jersey. The two utilities generate nearly all of Con Ed's earnings following the sale of its clean energy business to RWE in early 2023.
Executives
Christina Ho officer: VP, Strategic Planning 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Deneen L Donnley officer: SVP and General Counsel 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Stuart Nachmias officer: President & CEO CET 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Robert Sanchez officer: SVP, Corporate Shared Services 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Timothy Cawley officer: President & CEO, O&R 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Robert N Hoglund officer: Senior Vice President Finance 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Joseph Miller officer: VP & Controller 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Nancy Shannon officer: SVP, Utility Shared Services 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Matthew Ketschke officer: President CECONY 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Gurudatta D Nadkarni officer: Vice President 4 IRVING PLACE, ROOM 1450-S, NEW YORK NY 10003
Jennifer Hensley officer: SVP, Corporate Affairs 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Frances Resheske officer: Senior VP Public Affairs 4 IRVING PLACE, NEW YORK NY 10003
De La Bastide Lore officer: SVP, Utility Shared Services 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
John Mcavoy officer: President & CEO, O&R 4 IRVING PLACE, ROOM 16-205, NEW YORK NY 10003
Yukari Saegusa officer: Vice President and Treasurer 4 IRVING PLACE, ROOM 1450-S, NEW YORK NY 10003