Antofagasta (FRA:FG1) Retained Earnings : €7,848 Mil (As of Dec. 2023)

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What is Antofagasta Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Antofagasta's retained earnings for the quarter that ended in Dec. 2023 was €7,848 Mil.

Antofagasta's quarterly retained earnings declined from Dec. 2022 (€7,867 Mil) to Jun. 2023 (€7,535 Mil) but then increased from Jun. 2023 (€7,535 Mil) to Dec. 2023 (€7,848 Mil).

Antofagasta's annual retained earnings increased from Dec. 2021 (€7,143 Mil) to Dec. 2022 (€7,867 Mil) but then declined from Dec. 2022 (€7,867 Mil) to Dec. 2023 (€7,848 Mil).

Antofagasta Retained Earnings Historical Data

The historical data trend for Antofagasta'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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Antofagasta Retained Earnings Chart

Antofagasta Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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6,401.52

6,158.59

7,143.37

7,866.82

7,848.05

Antofagasta Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Retained Earnings	Get a 7-Day Free Trial															7,143.37	6,772.32	7,866.82	7,535.46	7,848.05

Antofagasta 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.

Antofagasta (FRA:FG1) 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.

Antofagasta (FRA:FG1) Business Description

Industry

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ANFGF:USA ANTOl:UK ANTO:UK FG1:Germany

Address

103 Mount Street, London, GBR, W1K 2TJ

Website

https://www.antofagasta.co.uk

Antofagasta PLC is a Chilean copper mining company. The company operates four copper mines in Chile, two of which produce significant volumes of by-products. The company also has a portfolio of growth opportunities located mainly in Chile. In addition to mining, the company has a transport division providing rail and road cargo services in northern Chile to mining customers. All of the company's operations are located in the Antofagasta Region of northern Chile except for its flagship operation, Los Pelambres, which is in the Coquimbo Region of central Chile. The operating business segments are Los Pelambres, Centinela, Antucoya, Zaldivar, Exploration and evaluation, Corporate and other items, and Transport division. The Los Pelambres segment drives maximum revenue.

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