Westfield (ASX:WFD) Retained Earnings : A$123 Mil (As of Dec. 2017)

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What is Westfield Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Westfield's retained earnings for the quarter that ended in Dec. 2017 was A$123 Mil.

Westfield's quarterly retained earnings increased from Dec. 2016 (A$-1,285 Mil) to Jun. 2017 (A$-782 Mil) and increased from Jun. 2017 (A$-782 Mil) to Dec. 2017 (A$123 Mil).

Westfield's annual retained earnings increased from Dec. 2015 (A$-2,429 Mil) to Dec. 2016 (A$-1,285 Mil) and increased from Dec. 2016 (A$-1,285 Mil) to Dec. 2017 (A$123 Mil).

Westfield Retained Earnings Historical Data

The historical data trend for Westfield'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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Westfield Retained Earnings Chart

Westfield Annual Data

Trend

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Retained Earnings

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779.50

-4,366.50

-2,428.55

-1,284.96

122.56

Westfield Semi-Annual Data
	Jun08	Dec08	Jun09	Dec09	Jun10	Dec10	Jun11	Dec11	Jun12	Dec12	Jun13	Dec13	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17
Retained Earnings	Get a 7-Day Free Trial															-2,428.55	-2,079.32	-1,284.96	-782.24	122.56

Westfield 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.

Westfield (ASX:WFD) 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.

Westfield (ASX:WFD) Business Description

Industry

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Address

Website

http://www.westfieldcorp.com

Westfield is one of the largest global retail REITs, with interests in 35 malls with a gross value of USD 21.4 billion and external assets under management of USD 13 billion. Westfield's passive investments generate about 80% of group EBIT, with the balance derived from management fees and development income. It differs from peers by developing malls in signature locations, and aims to make each of its assets into a destination centre, with comprehensive entertainment facilities and premium retailers.

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