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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Affiliated Managers Group's retained earnings for the quarter that ended in Dec. 2023 was $6,390 Mil.
Affiliated Managers Group's quarterly retained earnings increased from Jun. 2023 ($5,977 Mil) to Sep. 2023 ($6,194 Mil) and increased from Sep. 2023 ($6,194 Mil) to Dec. 2023 ($6,390 Mil).
Affiliated Managers Group's annual retained earnings increased from Dec. 2021 ($4,570 Mil) to Dec. 2022 ($5,718 Mil) and increased from Dec. 2022 ($5,718 Mil) to Dec. 2023 ($6,390 Mil).
The historical data trend for Affiliated Managers Group'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.
Affiliated Managers Group Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 3,819.80 | 4,005.50 | 4,569.50 | 5,718.20 | 6,389.60 |
Affiliated Managers Group Quarterly Data | ||||||||||||||||||||
Mar19 | Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | |
Retained Earnings | Get a 7-Day Free Trial | 5,718.20 | 5,852.30 | 5,977.20 | 6,193.80 | 6,389.60 |
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.
Affiliated Managers Group (NYSE:AMG) 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.
Loren M Starr | director | |
Reuben Iii Jeffery | director | C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DR., STE. 1401 E TOWER, WEST PALM BEACH FL 33401 |
Tracy P. Palandjian | director | SOCIAL FINANCE, INC., 200 STATE STREET, 14TH FLOOR, BOSTON MA 02109 |
John R Erickson | officer: Head of Affiliate Engagement | C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401 |
Rizwan M Jamal | officer: Head of Affiliate Investments | C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401 |
Jay C. Horgen | director, officer: President and CEO | AFFILIATED MANAGERS GROUP, INC., 777 S. FLAGLER DR., SUITE 1201 E. TOWER, WEST PALM BEACH FL 33401 |
Dwight D. Churchill | director | 44 GAGE ROAD, BEDFORD NH 03110 |
David Christopher Ryan | director | C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401 |
Matos Rodriguez Felix V. | director | C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401 |
Tracy A Atkinson | director | MFS INVESTMENT MANAGEMENT, 500 BOYLSTON ST., BOSTON MA 02116 |
Hugh Cutler | officer: EVP, Global Distribution | C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401 |
Thomas M Wojcik | officer: Chief Financial Officer | C/O AFFILIATED MANAGERS GROUP, INC., 777 SOUTH FLAGLER DRIVE, WEST PALM BEACH FL 33401 |
Samuel T Byrne | director | CROSSHARBOR CAPITAL PARTNERS, ONE BOSTON PLACE, SUITE 2300, BOSTON MA 02108 |
Sean M Healey | director, officer: Executive Chairman | C/O AFFILIATED MANAGERS GROUP INC, 777 S. FLAGLER DR., SUITE 1201 E. TOWER, WEST PALM BEACH FL 33401 |
David M. Billings | officer: General Counsel and Secretary | C/O AFFILIATED MANAGERS GROUP, INC., 600 HALE ST., PO BOX 1000, PRIDES CROSSING MA 01965 |
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