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General American Investors Company (General American Investors Company) Retained Earnings : $859.85 Mil (As of Dec. 2023)


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What is General American Investors Company Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. General American Investors Company's retained earnings for the quarter that ended in Dec. 2023 was $859.85 Mil.

General American Investors Company's quarterly retained earnings increased from Dec. 2022 ($657.57 Mil) to Jun. 2023 ($824.62 Mil) and increased from Jun. 2023 ($824.62 Mil) to Dec. 2023 ($859.85 Mil).

General American Investors Company's annual retained earnings declined from Dec. 2021 ($880.94 Mil) to Dec. 2022 ($657.57 Mil) but then increased from Dec. 2022 ($657.57 Mil) to Dec. 2023 ($859.85 Mil).


General American Investors Company Retained Earnings Historical Data

The historical data trend for General American Investors Company'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.

General American Investors Company Retained Earnings Chart

General American Investors Company Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial 670.11 675.94 880.94 657.57 859.85

General American Investors Company Semi-Annual Data
Dec16 Dec17 Jun18 Dec18 Jun19 Dec19 Jun20 Dec20 Jun21 Dec21 Jun22 Dec22 Jun23 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 880.94 621.65 657.57 824.62 859.85

General American Investors Company 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.


General American Investors Company  (NYSE:GAMpB.PFD) 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.


General American Investors Company (General American Investors Company) Business Description

Traded in Other Exchanges
Address
530 Fifth Avenue, 26th Floor, New York, NY, USA, 10036
General American Investors Company Inc is a closed-end, diversified management investment company. The primary investment objective of the company is long-term capital appreciation through investment in companies with above-average growth potential. It focuses on equity securities with growth potential at reasonable valuations.
Executives
Altschul Arthur G Jr director C/O OVERBROOK MANAGEMENT CORP, 122 E. 42ND STREET, SUITE 2500, NEW YORK NY 10168
Spencer Davidson director, other: Chairman GENERAL AMERICAN INVESTORS CO INC, 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
1975 Trust Fbo Altschul Arthur G Land Trust other: Trustees are directors
Jeffrey W Priest officer: President & CEO GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
Eugene S Stark officer: VP Administration/CCO/PFO GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
Liron Kronzon officer: Vice-President GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26 FL, NEW YORK NY 10036
Samantha X. Jin officer: Treasurer 530 FIFTH AVE 26TH FLOOR, NEW YORK NY 10036
Santa Maria Connie A. officer: Assistant Corporate Secretary GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE 26TH FLOOR, NEW YORK NY 10036
Del Villar Clara E. director C/O GENERAL AMERICAN INVESTORS COMPANY, 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
Henry R Schirmer director C/O GENERAL AMERICAN INVESTORS COMPANY, 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
Anang K. Majmudar officer: Senior Vice-President GENERAL AMERICAN INVESTORS COMPANY, INC., 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
Linda J Genid officer: Corporate Secretary 530 FIFTH AVE, 26TH FLOOR, NEW YORK NY 10036
Betsy F. Gotbaum director C/O GENERAL AMERICAN INVESTORS COMPANY, 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
Sally A Lynch officer: Vice-President GENERAL AMERICAN INVESTORS CO INC, 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036
Gordan John D Iii director C/O GENERAL AMERICAN INVESTORS COMPANY, 530 FIFTH AVE - 26TH FLOOR, NEW YORK NY 10036