Inmet Mining (FRA:MMC) Retained Earnings : €1,658.3 Mil (As of Dec. 2012)

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What is Inmet Mining Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Inmet Mining's retained earnings for the quarter that ended in Dec. 2012 was €1,658.3 Mil.

Inmet Mining's quarterly retained earnings increased from Jun. 2012 (€1,625.4 Mil) to Sep. 2012 (€1,673.0 Mil) but then declined from Sep. 2012 (€1,673.0 Mil) to Dec. 2012 (€1,658.3 Mil).

Inmet Mining's annual retained earnings declined from Dec. 2010 (€1,428.2 Mil) to Dec. 2011 (€1,423.1 Mil) but then increased from Dec. 2011 (€1,423.1 Mil) to Dec. 2012 (€1,658.3 Mil).

Inmet Mining Retained Earnings Historical Data

The historical data trend for Inmet Mining'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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Inmet Mining Retained Earnings Chart

Inmet Mining Annual Data

Trend

Dec03

Dec04

Dec05

Dec06

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Dec09

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Dec12

Retained Earnings

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780.18

1,010.10

1,428.23

1,423.09

1,658.26

Inmet Mining Quarterly Data
	Mar08	Jun08	Sep08	Dec08	Mar09	Jun09	Sep09	Dec09	Mar10	Jun10	Sep10	Dec10	Mar11	Jun11	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12
Retained Earnings	Get a 7-Day Free Trial															1,423.09	1,522.30	1,625.39	1,672.99	1,658.26

Inmet Mining 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.

Inmet Mining (FRA:MMC) 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.

Inmet Mining (FRA:MMC) Business Description

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Inmet Mining Corporation is a Canadian-based global mining company that produces base metals with a focus on copper. It operates and develops underground and open pit mines safely, responsibly and cost effectively. The Company has three operating properties and one development property around the world. Ã‡ayeli is an underground mine on the Black Sea coast of northeastern Turkey. It produces copper and zinc concentrates, which are sold to international and domestic smelters and traders. Las Cruces is an open pit mine in southern Spain. Las Cruces uses leaching and electrowinning technology to produce copper cathode which are sold to buyers in the Spanish and Mediterranean markets. PyhÃ¤salmi is an underground copper and zinc mine in central Finland. It produces copper, zinc and pyrite concentrates. Copper and zinc concentrates are sold under long-term contracts to smelters in Finland. Pyrite is sold under contract to customers in Europe and Asia as well as in the spot market. Cobre Panama is an open pit copper development project in Panama.