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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Corning's retained earnings for the quarter that ended in Mar. 2024 was $16,358 Mil.
Corning's quarterly retained earnings declined from Sep. 2023 ($16,673 Mil) to Dec. 2023 ($16,391 Mil) and declined from Dec. 2023 ($16,391 Mil) to Mar. 2024 ($16,358 Mil).
Corning's annual retained earnings increased from Dec. 2021 ($16,389 Mil) to Dec. 2022 ($16,778 Mil) but then declined from Dec. 2022 ($16,778 Mil) to Dec. 2023 ($16,391 Mil).
The historical data trend for Corning'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.
Corning Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial |
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16,408.00 | 16,120.00 | 16,389.00 | 16,778.00 | 16,391.00 |
Corning Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial |
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16,713.00 | 16,509.00 | 16,673.00 | 16,391.00 | 16,358.00 |
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.
Corning (NYSE:GLW) 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.
Lawrence D Mcrae | officer: Senior Vice President | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Lewis A Steverson | officer: Senior Vice President | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Wendell P Weeks | officer: President and COO | ONE RIVERFRONT PLZ, CORNING NY 14831 |
Jordana Daryl Kammerud | officer: Senior Vice President & CHRO | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Thomas D French | director | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Michael Alan Bell | officer: Senior VP &.GM, Optical Comm. | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Bayne John P Jr | officer: SVP & GM Mobile Consumer Elec. | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Jeffrey W Evenson | officer: Senior Vice President | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Anne Mullins | officer: Senior Vice President & CDIO | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
John Z Zhang | officer: Senior VP & GM, Display | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Cheryl C Capps | officer: SVP & Chief Supply Chain Off. | 5830 GRANITE PARKWAY, SUITE 1150, PLANO TX 75024 |
Li Fang | officer: Pres.&GM Corning Greater China | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Soumya Seetharam | officer: Senior Vice President & CDIO | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Jaymin Amin | officer: SVP and Chief Tech. Officer | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
Robert P. France | officer: Senior VP, Human Resources | ONE RIVERFRONT PLAZA, CORNING NY 14831 |
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