Veris Gold (Veris Gold) Retained Earnings : $-474.0 Mil (As of Sep. 2014)

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What is Veris Gold Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Veris Gold's retained earnings for the quarter that ended in Sep. 2014 was $-474.0 Mil.

Veris Gold's quarterly retained earnings declined from Mar. 2014 ($-459.4 Mil) to Jun. 2014 ($-467.5 Mil) and declined from Jun. 2014 ($-467.5 Mil) to Sep. 2014 ($-474.0 Mil).

Veris Gold's annual retained earnings declined from Dec. 2011 ($-358.9 Mil) to Dec. 2012 ($-379.0 Mil) and declined from Dec. 2012 ($-379.0 Mil) to Dec. 2013 ($-445.6 Mil).

Veris Gold Retained Earnings Historical Data

The historical data trend for Veris 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.

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Veris Gold Retained Earnings Chart

Veris Gold Annual Data

Trend

Dec04

Dec05

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Retained Earnings

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-157.86

-385.32

-358.94

-378.96

-445.61

Veris Gold Quarterly Data
	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14
Retained Earnings	Get a 7-Day Free Trial															-397.81	-445.61	-459.43	-467.52	-474.05

Veris 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.

Veris Gold (OTCPK:YNGFF) 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.

Veris Gold (Veris Gold) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Veris Gold Corp (OTCPK:YNGFF) » Definitions » Retained Earnings

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Traded in Other Exchanges

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Address

688 West Hastings Street, Suite 900, Vancouver, BC, CAN, V6B 1P1

Website

http://www.verisgold.com

Veris Gold Corp is a Canadian based company engaged in the gold mining activities. It is engaged in the mining, exploration, and development of mineral properties located in Canada and the United States. The company primarily holds an interest in Jerritt Canyon gold mine located in Elko, Nevada; and the Ketza River property located in the Yukon Territory in Canada. Veris primarily explores for gold, silver, zinc, and copper properties.

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