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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Fortinet's retained earnings for the quarter that ended in Mar. 2024 was $-1,562 Mil.
Fortinet's quarterly retained earnings declined from Sep. 2023 ($-1,299 Mil) to Dec. 2023 ($-1,862 Mil) but then increased from Dec. 2023 ($-1,862 Mil) to Mar. 2024 ($-1,562 Mil).
Fortinet's annual retained earnings declined from Dec. 2021 ($-468 Mil) to Dec. 2022 ($-1,546 Mil) and declined from Dec. 2022 ($-1,546 Mil) to Dec. 2023 ($-1,862 Mil).
The historical data trend for Fortinet'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.
Fortinet Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 160.80 | -352.10 | -467.90 | -1,546.40 | -1,861.70 |
Fortinet 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 | -1,298.70 | -1,032.40 | -1,299.40 | -1,861.70 | -1,562.40 |
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.
Fortinet (NAS:FTNT) 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.
Ken Xie | director, officer: President & CEO | 4655 GREAT AMERICA PARKWAY - SUITE 300, SANTA CLARA CA 95054 |
Patrice Perche | officer: Chief Revenue Off./EVP Supp. | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
Michael Xie | director, officer: VP, Engineering & CTO | 1090 KIFER ROAD, SUNNYVALE CA 94086 |
William H. Neukom | director | C/O FORTINET, INC., 1090 KIFER ROAD, SUNNYVALE CA 94086 |
Keith Jensen | officer: Chief Accounting Officer | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94068 |
John Whittle | officer: VP & General Counsel | 1090 KIFER ROAD, SUNNYVALE CA 94086 |
James G. Stavridis | director | C/O NEUBERGER BERMAN MANAGEMENT LLC, 605 THIRD AVENUE, NEW YORK NY 10158-0180 |
Christopher B Paisley | director | 14870 THREE OAKS COURT, SARATOGA CA 95070 |
Jean X. Hu | director | 2485 AUGUSTINE DRIVE, SANTA CLARA CA 95054 |
Kelly Ducourty | director | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
Cohen Peter Dale Jr. | director | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
Ming Hsieh | director | 4399 SANTA ANITA AVE., EL MONTE CA 91731 |
Judith Sim | director | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
Del Matto Andrew H | officer: Chief Financial Officer | 350 ELLIS STREET, MOUNTAIN VIEW CA 94043 |
Gary Locke | director | C/O FORTINET, INC., 899 KIFER ROAD, SUNNYVALE CA 94086 |
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