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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Franklin Resources's retained earnings for the quarter that ended in Mar. 2024 was $12,265 Mil.
Franklin Resources's quarterly retained earnings increased from Sep. 2023 ($12,377 Mil) to Dec. 2023 ($12,402 Mil) but then declined from Dec. 2023 ($12,402 Mil) to Mar. 2024 ($12,265 Mil).
Franklin Resources's annual retained earnings increased from Sep. 2021 ($11,551 Mil) to Sep. 2022 ($12,046 Mil) and increased from Sep. 2022 ($12,046 Mil) to Sep. 2023 ($12,377 Mil).
The historical data trend for Franklin Resources'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.
Franklin Resources Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 10,288.20 | 10,472.60 | 11,550.80 | 12,045.60 | 12,376.60 |
Franklin Resources Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | 12,260.10 | 12,360.70 | 12,376.60 | 12,402.40 | 12,265.40 |
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.
Franklin Resources (NYSE:BEN) 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.
Alok Sethi | officer: Reg. S-K Executive Officer | ONE FRANKLING PARKWAY, SAN MATEO CA 94403 |
Mariann H Byerwalter | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY 920/2, SAN MATEO CA 94403 |
Terrence Murphy | officer: Section 16 Officer | CITIGROUP ASSET MANAGEMENT, 300 FIRST STAMFORD PLACE, 4TH FLOOR, STAMFORD CT 06902 |
Jennifer M Johnson | officer: Senior Vice President | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Jed A. Plafker | officer: Reg. S-K Executive Officer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Thomas C Merchant | officer: EVP, General Counsel | LEGG MASON, INC., 100 INTERNATIONAL DRIVE, BALTIMORE MD 21202 |
Gwen L Shaneyfelt | officer: Chief Accounting Officer | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Karen Matsushima King | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
John Y Kim | director | 51 MADISON AVENUE, NEW YORK NY 10010 |
John W Thiel | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Alexander S Friedman | director | C/O FRANKLIN RESOURCES, INC., ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
Adam Benjamin Spector | officer: EVP, Global Advisory Services | 620 EIGHTH AVENUE, 49TH FLOOR, NEW YORK NY 10018 |
Craig Steven Tyle | officer: Exec VP and General Counsel | ONE FRANKLIN PARKWAY, SAN MATEO CA 94403-1906 |
Anthony Noto | director | C/O SOFI TECHNOLOGIES, INC., 234 1ST STREET, SAN FRANCISCO CA 94105 |
Johnson Rupert H Jr | director, 10 percent owner, officer: Vice Chairman | C/O FRANKLIN RESOURCES INC, ONE FRANKLIN PARKWAY, SAN MATEO CA 94403 |
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