Gainsco (Gainsco) Retained Earnings : $-79.5 Mil (As of Sep. 2010)

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What is Gainsco Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Gainsco's retained earnings for the quarter that ended in Sep. 2010 was $-79.5 Mil.

Gainsco's quarterly retained earnings increased from Mar. 2010 ($-85.3 Mil) to Jun. 2010 ($-83.5 Mil) and increased from Jun. 2010 ($-83.5 Mil) to Sep. 2010 ($-79.5 Mil).

Gainsco's annual retained earnings declined from Dec. 2007 ($-86.5 Mil) to Dec. 2008 ($-91.3 Mil) but then increased from Dec. 2008 ($-91.3 Mil) to Dec. 2009 ($-87.2 Mil).

Gainsco Retained Earnings Historical Data

The historical data trend for Gainsco'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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Gainsco Retained Earnings Chart

Gainsco Annual Data

Trend

Dec00

Dec01

Dec02

Dec03

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Retained Earnings

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-77.49

-67.94

-86.49

-91.25

-87.17

Gainsco Quarterly Data
	Dec05	Mar06	Jun06	Sep06	Dec06	Mar07	Jun07	Sep07	Dec07	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10
Retained Earnings	Get a 7-Day Free Trial															-86.10	-87.17	-85.30	-83.47	-79.53

Gainsco 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.

Gainsco (OTCPK:GANS) 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.

Gainsco (Gainsco) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Insurance » Gainsco Inc (OTCPK:GANS) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

3333 Lee Parkway, Suite 1200, Dallas, TX, USA, 75219-5134

Website

http://www.gainsco.com

Gainsco Inc is a United States-based property and casualty insurance holding company. It focuses on the non-standard personal automobile market, specializing in minimum-limits personal auto insurance. The company's insurance brand is GAINSCO Auto Insurance. It sells the insurance policies through independent partner agents and website comparison shopping places.

Executives

Robert J Boulware	director	101 JEFFERSON DRIVE, MENLO PARK CA 94025
Sam Rosen	other: Former Director	4428 RIVERIDGE DRIVE, FORT WORTH TX 76109
Robert W Stallings	director, 10 percent owner, officer: Executive Chairman	5242 BUENA VISTA DRIVE, FRISCO TX 75034
John C Goff	director, 10 percent owner	500 COMMERCE STREET, SUITE 700, FORT WORTH TX 76102
James Richard Reis	10 percent owner, officer: Executive Vice President	3333 LEE PARKWAY, SUITE 1200, DALLAS TX 75219

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