A.O. Smith (A.O. Smith) Retained Earnings : $3,258 Mil (As of Dec. 2023)

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What is A.O. Smith Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. A.O. Smith's retained earnings for the quarter that ended in Dec. 2023 was $3,258 Mil.

A.O. Smith's quarterly retained earnings increased from Jun. 2023 ($3,078 Mil) to Sep. 2023 ($3,169 Mil) and increased from Sep. 2023 ($3,169 Mil) to Dec. 2023 ($3,258 Mil).

A.O. Smith's annual retained earnings increased from Dec. 2021 ($2,827 Mil) to Dec. 2022 ($2,885 Mil) and increased from Dec. 2022 ($2,885 Mil) to Dec. 2023 ($3,258 Mil).

A.O. Smith Retained Earnings Historical Data

The historical data trend for A.O. Smith'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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A.O. Smith Retained Earnings Chart

A.O. Smith Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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2,323.40

2,509.60

2,826.60

2,885.00

3,258.10

A.O. Smith 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															2,885.00	2,966.50	3,078.40	3,168.50	3,258.10

A.O. Smith 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.

A.O. Smith (NYSE:AOS) 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.

A.O. Smith (A.O. Smith) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » A.O. Smith Corp (NYSE:AOS) » Definitions » Retained Earnings

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3SM:Germany 3SM:Germany

Address

11270 West Park Place, P. O. Box 245008, Suite 170, Milwaukee, WI, USA, 53224-9508

Website

https://www.aosmith.com

A.O. Smith Corporation manufactures and markets comprehensive lines of residential and commercial gas, gas tankless, and electric water heaters. Supplementary products include water heating equipment, condensing and noncondensing boilers, and water system tanks. The company's two operating segments are by geographic region: North America (majority of total revenue) and the Rest of the World. A material portion of sales in North America derive from replacing existing products, and the company utilizes a wholesale distribution channel and multiple selling locations. The Rest of the World segment sells majorly in Asian countries and operates sales offices to expand distribution and market its product portfolio.

Executives

Mark D Smith	director
Idelle K Wolf	director
Robert J Heideman	officer: Senior Vice President Corp Tec	A. O. SMITH CORPORATE TECHNOLOGY CENTER, 12100 WEST PARK PLACE, MILWAUKEE WI 53224
Mark A Petrarca	officer: Vice President - H.R. & P.A.	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
James F Stern	officer: Exec VP, General Counsel & Sec	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Ajita G Rajendra	officer: President, A. O. Smith Water P	A. O. SMITH WATER PRODUCTS COMPANY, 500 LINDAHL PARKWAY, ASHLAND CITY TN 37015
Kevin J. Wheeler	officer: Senior VP and President & GM	A. O. SMITH CORPORATION, 500 TENNESSEE WALTZ PARKWAY, ASHLAND CITY TN 37015
Benjamin A Otchere	officer: Vice President and Controller	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Michael M Larsen	director	ILLINOIS TOOL WORKS INC., 155 HARLEM AVE., GLENVIEW IL 60025
Daniel L Kempken	officer: Vice President and Controller	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Samuel M. Carver	officer: SVP - Global Operations	A. O. SMITH CORPORATION, 44 VANTAGE WAY, NASHVILLE TN 37228
Ronald D Brown	director	2090 FLORENCE AVENUE, CINCINNATI OH 45206
Parag Kulkarni	officer: SVP - Int'l; President India	A. O. SMITH INDIA WATER PRODUCTS PRIVATE, #300, PHASE II, KIADB INDUSTRIAL AREA, KARNATAKA K7 562112
Earl E. Exum	director	A. O. SMITH CORPORATION, 11270 WEST PARK PLACE, MILWAUKEE WI 53224
Stephen D. O'brien	officer: SVP; President, Lochinvar, LLC	LOCHINVAR, LLC, 300 MADDOX SIMPSON PARKWAY, LEBANON TN 37090