Pan American Silver (Pan American Silver) Retained Earnings

: $-1,270 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Pan American Silver's retained earnings for the quarter that ended in Dec. 2023 was $-1,270 Mil.

Pan American Silver's quarterly retained earnings declined from Jun. 2023 ($-1,123 Mil) to Sep. 2023 ($-1,181 Mil) and declined from Sep. 2023 ($-1,181 Mil) to Dec. 2023 ($-1,270 Mil).

Pan American Silver's annual retained earnings declined from Dec. 2021 ($-598 Mil) to Dec. 2022 ($-1,035 Mil) and declined from Dec. 2022 ($-1,035 Mil) to Dec. 2023 ($-1,270 Mil).

Pan American Silver Retained Earnings Historical Data

The historical data trend for Pan American Silver'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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Pan American Silver Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

-754.69

-623.03

-598.04

-1,034.80

-1,269.50

Pan American Silver Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																-1,034.80	-1,039.70	-1,122.90	-1,181.20	-1,269.50

Pan American Silver 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.

Pan American Silver (NYSE:PAAS) 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.

Pan American Silver (Pan American Silver) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Pan American Silver Corp (NYSE:PAAS) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

PAAS:Mexico PA2:Germany PA2:Germany PA2:Germany PAAS:Canada PAAS:Argentina

Address

1440 - 625 Howe Street, Vancouver, BC, CAN, V6C 2T6

Website

https://www.panamericansilver.com

Pan American Silver Corp is a mining company principally engaged in the operation and development of, and exploration for, silver and gold-producing properties and assets. Its principal products are silver and gold, although it also produces and sells zinc, lead, and copper. Its operating mines comprise La Colorada, Dolores, Huaron, Morococha, Shahuindo, La Arena, Timmins West, Bell Creek, Manantial Espejo, and San Vicente mines.