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Target Corp  (NYSE:TGT) Retained Earnings: $6,017 Mil (As of Jan. 2019)

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Target Corp's retained earnings for the quarter that ended in Jan. 2019 was $6,017 Mil.

Target Corp's quarterly retained earnings declined from Jul. 2018 ($6,058 Mil) to Oct. 2018 ($5,884 Mil) but then increased from Oct. 2018 ($5,884 Mil) to Jan. 2019 ($6,017 Mil).

Target Corp's annual retained earnings increased from Jan. 2017 ($5,884 Mil) to Jan. 2018 ($6,495 Mil) but then declined from Jan. 2018 ($6,495 Mil) to Jan. 2019 ($6,017 Mil).


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

* Premium members only.

Target Corp Annual Data

Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 Jan18 Jan19
Retained Earnings Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 9,644.00 8,188.00 5,884.00 6,495.00 6,017.00

Target Corp Quarterly Data

Apr14 Jul14 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 Apr17 Jul17 Oct17 Jan18 Apr18 Jul18 Oct18 Jan19
Retained Earnings 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 Premium Member Only Premium Member Only Premium Member Only 6,495.00 6,187.00 6,058.00 5,884.00 6,017.00

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.


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.

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