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First Trust Energy Income & Growth Fund  (AMEX:FEN) Retained Earnings: $-55.34 Mil (As of May. 2017)

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. First Trust Energy Income & Growth Fund's retained earnings for the quarter that ended in May. 2017 was $-55.34 Mil.

First Trust Energy Income & Growth Fund's quarterly retained earnings increased from May. 2016 ($-55.86 Mil) to Nov. 2016 ($-53.04 Mil) but then declined from Nov. 2016 ($-53.04 Mil) to May. 2017 ($-55.34 Mil).

First Trust Energy Income & Growth Fund's annual retained earnings declined from Nov. 2014 ($-22.15 Mil) to Nov. 2015 ($-37.21 Mil) and declined from Nov. 2015 ($-37.21 Mil) to Nov. 2016 ($-53.04 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.

First Trust Energy Income & Growth Fund Annual Data

Nov10 Nov11 Nov12 Nov13 Nov14 Nov15 Nov16
Retained Earnings Premium Member Only Premium Member Only -24.60 -33.25 -22.15 -37.21 -53.04

First Trust Energy Income & Growth Fund Semi-Annual Data

May10 Nov10 May11 Nov11 May12 Nov12 May13 Nov13 May14 Nov14 May15 Nov15 May16 Nov16 May17
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 -17.65 -37.21 -55.86 -53.04 -55.34

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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