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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Advance Auto Parts's retained earnings for the quarter that ended in Dec. 2023 was $4,559 Mil.
Advance Auto Parts's quarterly retained earnings declined from Jun. 2023 ($4,767 Mil) to Sep. 2023 ($4,690 Mil) and declined from Sep. 2023 ($4,690 Mil) to Dec. 2023 ($4,559 Mil).
Advance Auto Parts's annual retained earnings increased from Dec. 2021 ($4,606 Mil) to Dec. 2022 ($4,665 Mil) but then declined from Dec. 2022 ($4,665 Mil) to Dec. 2023 ($4,559 Mil).
The historical data trend for Advance Auto Parts'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.
Advance Auto Parts Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 3,772.85 | 4,196.63 | 4,605.79 | 4,665.09 | 4,559.14 |
Advance Auto Parts 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 | 4,665.09 | 4,697.70 | 4,767.17 | 4,690.42 | 4,559.14 |
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.
Advance Auto Parts (NYSE:AAP) 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.
Kristen L Soler | officer: EVP, Chief HR Officer | 12200 FOX VALLEY STREET, RALEIGH NC 27614 |
Lee Eugene I Jr | director | 1000 DARDEN CENTER DRIVE, ORLANDO FL 32837 |
Shane M Okelly | director, officer: Director, President and CEO | 4200 SIX FORKS ROAD, RALEIGH NC 27609 |
Anthony A Iskander | officer: Interim CFO, SVP, Fin & Treas | 4200 SIX FORKS ROAD, RALEIGH NC 27609 |
Douglas A Pertz | director | 1801 BAYBERRY COURT, RICHMOND VA 23226 |
Joan M Hilson | director | 150 THORN HILL DRIVE, WARRENDALE PA 15086-7528 |
John Francis Ferraro | director | 9 WALNUT AVE, CAMBRIDGE MA 02140 |
Carla Jean Bailo | director | 1775 SHERMAN STREET, SUITE 1200, DENVER CO 80203 |
Jones Jeffrey J Ii | director | ONE H&R BLOCK WAY, KANSAS CITY MO 64105 |
Szilagyi J Stephen | officer: EVP Chief Supply Chain Officer | 15027 JUNE WASHAM ROAD, RALEIGH NC 27609 |
Word Herman L Jr | officer: EVP, U.S. Stores & CQ Ind. | 1033 LINENHALL WAY, WAKE FOREST NC 27587 |
Pellicciotti William J Jr | officer: SVP, Controller and CAO | 4200 SIX FORKS ROAD, RALEIGH NC 27609 |
Robert B Cushing | officer: EVP, Commercial | 1432 FREEMAN LANE, PLEASANTON VA 94566 |
Sherice Torres | director | PO BOX 20833, SAN JOSE CA 95160 |
Natalie Schechtman | officer: SVP Human Resources | 45 ROUND HOUSE ROAD, BEDFORD NY 10506 |
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