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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. PNM Resources's retained earnings for the quarter that ended in Dec. 2023 was $787 Mil.
PNM Resources's quarterly retained earnings declined from Jun. 2023 ($898 Mil) to Sep. 2023 ($872 Mil) and declined from Sep. 2023 ($872 Mil) to Dec. 2023 ($787 Mil).
PNM Resources's annual retained earnings increased from Dec. 2021 ($810 Mil) to Dec. 2022 ($829 Mil) but then declined from Dec. 2022 ($829 Mil) to Dec. 2023 ($787 Mil).
The historical data trend for PNM 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.
PNM Resources Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 627.52 | 698.71 | 810.20 | 828.88 | 787.11 |
PNM Resources 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 | 828.88 | 852.35 | 897.65 | 872.29 | 787.11 |
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.
PNM Resources (NYSE:PNM) 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.
Elisabeth A Eden | officer: SVP, CFO & Treasurer | 414 SILVER AVE SW, MS1295, ALBUQUERQUE NM 87102 |
Henry E Monroy | officer: VP & Corporate Controller | 414 SILVER AVENUE SW, MS1015, ALBUQUERQUE NM 87102-3289 |
Charles N Eldred | officer: Chief Financial Officer | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Joseph Don Tarry | officer: VP and Corporate Controller | 414 SILVER AVE SW MS 1205, ALBUQUERQUE NM 87102-3289 |
Patrick V Apodaca | officer: SR VP, GEN COUNSEL & SECY | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Ronald N. Darnell | officer: VICE PRESIDENT, REGULATORY AFF | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Vicky A Bailey | director | 2099 PENNSYLVANIA AVNUE, NW, SUITE 1000, WASHINGTON DC 20006 |
James Alton Hughes | director | 350 W WASHINGTON STREET, SUITE 600, TEMPE AZ 85281 |
Norman P. Becker | director | 3900 SINGER BOULEVARD N.E., ALBUQUERQUE NM 87109 |
Chris M Olson | officer: VP, Utility Operations | 414 SILVER AVENUE SW, MS 1255, ALBUQUERQUE NM 87102-3289 |
Adelmo E Archuleta | director | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Ronald E Talbot | officer: SR VP, CHIEF OPERATING OFFICER | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
Bruce W Wilkinson | director | 1333 WEST LOOP SOUTH, STE 1700, HOUSTON TX 77027 |
Sidney M. Gutierrez | director | 414 SILVER AVE SW, MS 1275, ALBUQUERQUE NM 87102-3289 |
Joan B Woodard | director | 414 SILVER AVE SW MS 1275, ALBUQUERQUE NM 87102-3289 |
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