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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Garmin's retained earnings for the quarter that ended in Mar. 2024 was $5,440 Mil.
Garmin's quarterly retained earnings increased from Sep. 2023 ($4,722 Mil) to Dec. 2023 ($5,264 Mil) and increased from Dec. 2023 ($5,264 Mil) to Mar. 2024 ($5,440 Mil).
Garmin's annual retained earnings increased from Dec. 2021 ($4,321 Mil) to Dec. 2022 ($4,734 Mil) and increased from Dec. 2022 ($4,734 Mil) to Dec. 2023 ($5,264 Mil).
The historical data trend for Garmin'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.
Garmin Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 3,229.06 | 3,754.37 | 4,320.74 | 4,733.52 | 5,263.53 |
Garmin 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 | 4,935.73 | 4,464.68 | 4,721.56 | 5,263.53 | 5,440.20 |
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.
Garmin (NYSE:GRMN) 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.
Clifton A Pemble | director, officer: President and CEO | |
Cheng-wei Wang | officer: General Manager - Garmin Corp. | NO. 68, ZHANGSHU 2ND ROAD, XIZHI DISTRICT, NEW TAIPEI CITY F5 221 |
Sean Biddlecombe | officer: General Manager, Garmin Europe | LIBERTY HOUSE, HOUNSDOWN BUSINESS PARK, SOUTHAMPTON X0 SO40 9LR |
Douglas G. Boessen | officer: CFO and Treasurer | 3231 S.E. SIXTH AVENUE, TOPEKA KS 66607 |
Patrick Desbois | officer: Vice President, Operations | 1200 EAST 151ST STREET, OLATHE KS 66062 |
Matthew Munn | officer: VP, Man. Director - Auto OEM | 28001 CABOT DRIVE, SUITE 100, NOVI MI 48377 |
Philip Straub | officer: VP, Man. Director - Aviation | 1200 EAST 151ST STREET, OLATHE KS 66062 |
Jonathan Burrell | 10 percent owner | 6300 WEST 143RD STREET, OVERLAND PARK KS 66223 |
Joseph J Hartnett | director | 425 NORTH MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173 |
Min H Kao | director, 10 percent owner, officer: Chairman and CEO | 1200 E. 151ST ST., OLATHE KS 66062 |
Catherine A. Lewis | director | 325 NE NORTHGATE CROSSING, LEE'S SUMMIT MO 64064 |
Pao-chang Huang | officer: General Manager - Garmin Corp. | NO. 68, JANGSHU 2ND ROAD, SIJHIH, TAPEI F5 ROC |
Danny J Bartel | officer: Vice President,Worldwide Sales | 1200 EAST 151ST STREET, OLATHE KS 66062 |
Donald Eller | director | |
Andrew R Etkind | officer: General Counsel and Secretary | 1200 E 151 ST ST, OLATHE KS 66062 |
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