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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Applied Genetic Technologies's retained earnings for the quarter that ended in Sep. 2022 was $-326.62 Mil.
Applied Genetic Technologies's quarterly retained earnings declined from Mar. 2022 ($-289.83 Mil) to Jun. 2022 ($-308.21 Mil) and declined from Jun. 2022 ($-308.21 Mil) to Sep. 2022 ($-326.62 Mil).
Applied Genetic Technologies's annual retained earnings declined from Jun. 2020 ($-181.44 Mil) to Jun. 2021 ($-239.27 Mil) and declined from Jun. 2021 ($-239.27 Mil) to Jun. 2022 ($-308.21 Mil).
The historical data trend for Applied Genetic Technologies'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.
Applied Genetic Technologies Annual Data | |||||||||||||||||||||
Trend | Jun13 | Jun14 | Jun15 | Jun16 | Jun17 | Jun18 | Jun19 | Jun20 | Jun21 | Jun22 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -110.93 | -135.55 | -181.44 | -239.27 | -308.21 |
Applied Genetic Technologies Quarterly Data | ||||||||||||||||||||
Dec17 | Mar18 | Jun18 | Sep18 | Dec18 | Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | |
Retained Earnings | Get a 7-Day Free Trial | -256.39 | -275.53 | -289.83 | -308.21 | -326.62 |
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.
Applied Genetic Technologies (NAS:AGTC) 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.
Susan Schneider | officer: Chief Medical Officer | C/O APPLIED GENETIC TECHNOLOGIES CORP., 14193 NW 119TH TERRACE, SUITE 10, ALACHUA FL 32615 |
Jonathan I Lieber | officer: Chief Financial Officer | C/O HISTOGENICS CORPORATION, 830 WINTER STREET #3, WALTHAM MA 02451 |
Stephen W Potter | officer: See Remarks | 7015 ALBERT EINSTEIN DR, COLUMBIA MD 21046 |
Gerald Anthony Reynolds | officer: Chief Accounting Officer | C/O APPLIED GENETIC TECHNOLOGIES CORP., 14193 NW 119TH TERRACE, SUITE 10, ALACHUA FL 32615 |
Susan B. Washer | director, officer: President and CEO | C/O APPLIED GENETIC TECHNOLOGIES CORP., 11801 RESEARCH DRIVE, SUITE D, ALACHUA FL 32615 |
Hope Doyley-gay | officer: General Counsel | C/O APPLIED GENETIC TECHNOLOGIES CORP., 14193 NW 119TH TERRACE, SUITE 10, ALACHUA FL 32615 |
Abraham Scaria | officer: Chief Scientific Officer | C/O APPLIED GENETIC TECHNOLOGIES CORP, 14193 NW 119TH TERRACE, SUITE 10, ALACHUA FL 32615 |
Yehia Hashad | director | C/O APPLIED GENETIC TECHNOLOGIES CORP., 14193 NW 119TH TERRACE, SUITE 10, ALACHUA FL 32615 |
Robinson James A. Jr. | director | 852 WINTER STREET, WALTHAM MA 02451 |
William Aliski | director | C/O ULTRAGENYX PHARMACEUTICAL INC., 60 LEVERONI COURT, NOVATO CA 94949 |
Krol Patrick Johan Hendrik | 10 percent owner | GUSTAV MAHLERPLEIN 3, AMSTERDAM P7 1082 MS |
Privium Fund Management B.v. | 10 percent owner | GUSTAV MAHLERPLEIN 3, AMSTERDAM P7 1082 MS |
Aescap 2.0 Stichting | 10 percent owner | GUSTAV MAHLERPLEIN 3, AMSTERDAM P7 1082 MS |
Inspirational Visions B.v. | 10 percent owner | C/O PROQR THERAPEUTICS N.V., ZERNIKEDREEF 9, 2333 CK LEIDEN P7 2333 |
Brian Krex | officer: General Counsel | C/O AGTC, 14193 NW 119TH TERRACE, SUITE #10, ALACHUA FL 32615 |
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