GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Kirkland Lake Gold Ltd (NYSE:KL) » Definitions » Retained Earnings

Kirkland Lake Gold (Kirkland Lake Gold) Retained Earnings : $2,126 Mil (As of Sep. 2021)


View and export this data going back to 2010. Start your Free Trial

What is Kirkland Lake Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Kirkland Lake Gold's retained earnings for the quarter that ended in Sep. 2021 was $2,126 Mil.

Kirkland Lake Gold's quarterly retained earnings increased from Mar. 2021 ($1,726 Mil) to Jun. 2021 ($1,920 Mil) and increased from Jun. 2021 ($1,920 Mil) to Sep. 2021 ($2,126 Mil).

Kirkland Lake Gold's annual retained earnings increased from Dec. 2018 ($392 Mil) to Dec. 2019 ($887 Mil) and increased from Dec. 2019 ($887 Mil) to Dec. 2020 ($1,528 Mil).


Kirkland Lake Gold Retained Earnings Historical Data

The historical data trend for Kirkland Lake Gold'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.

Kirkland Lake Gold Retained Earnings Chart

Kirkland Lake Gold Annual Data
Trend Apr11 Apr12 Apr13 Apr14 Apr15 Dec16 Dec17 Dec18 Dec19 Dec20
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.44 137.21 391.92 887.03 1,528.48

Kirkland Lake Gold Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,346.18 1,528.48 1,726.20 1,920.34 2,125.85

Kirkland Lake Gold 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.


Kirkland Lake Gold  (NYSE:KL) 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.


Kirkland Lake Gold (Kirkland Lake Gold) Business Description

Traded in Other Exchanges
N/A
Address
200 Bay Street, Suite 2800, Toronto, ON, CAN, M5J 2J1
Kirkland Lake Gold Ltd is a Canada-based gold mining, development, and exploration company with a diversified portfolio of exploration projects. The production profile of the company includes the Macassa mine complex located in northeastern Ontario and the Fosterville gold mine located in the State of Victoria, Australia. Also, the company owns the Holt mine and the Detour mine. The company's mines and material mineral projects are located in Canada and Australia.