ITC Holdings (ITC Holdings) Retained Earnings : $953 Mil (As of Jun. 2016)

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What is ITC Holdings Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. ITC Holdings's retained earnings for the quarter that ended in Jun. 2016 was $953 Mil.

ITC Holdings's quarterly retained earnings increased from Dec. 2015 ($876 Mil) to Mar. 2016 ($911 Mil) and increased from Mar. 2016 ($911 Mil) to Jun. 2016 ($953 Mil).

ITC Holdings's annual retained earnings increased from Dec. 2013 ($593 Mil) to Dec. 2014 ($742 Mil) and increased from Dec. 2014 ($742 Mil) to Dec. 2015 ($876 Mil).

ITC Holdings Retained Earnings Historical Data

The historical data trend for ITC Holdings'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.

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ITC Holdings Retained Earnings Chart

ITC Holdings Annual Data

Trend

Dec06

Dec07

Dec08

Dec09

Dec10

Dec11

Dec12

Dec13

Dec14

Dec15

Retained Earnings

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330.82

443.57

592.97

741.55

875.60

ITC Holdings Quarterly Data
	Sep11	Dec11	Mar12	Jun12	Sep12	Dec12	Mar13	Jun13	Sep13	Dec13	Mar14	Jun14	Sep14	Dec14	Mar15	Jun15	Sep15	Dec15	Mar16	Jun16
Retained Earnings	Get a 7-Day Free Trial															830.51	866.90	875.60	911.20	953.18

ITC Holdings Retained Earnings Calculation

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.

ITC Holdings (NYSE:ITC) 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.

ITC Holdings (ITC Holdings) Business Description

Industry

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Address

Website

http://www.itc-holdings.com

ITC Holdings Corp was incorporated in 2002 in the State of Michigan for the purpose of acquiring ITC Transmission. The Company, along with its subsidiaries, is engaged in transmission of electricity in the United States. Through its operating subsidiaries, ITCTransmission, METC, ITC Midwest and ITC Great Plains, it operates high-voltage systems in Michigan's Lower Peninsula and portions of Iowa, Minnesota, Illinois, Missouri, Kansas and Oklahoma that transmit electricity from generating stations to local distribution facilities connected to its systems. The Company operates, maintains and invests in transmission infrastructure in order to enhance system integrity and reliability, reduces transmission constraints and allows new generating resources to interconnect to its transmission systems. Its Regulated Operating Subsidiaries are independent electric transmission utilities, with rates regulated by the FERC and established on a cost-of-service model. The Company's Regulated Operating Subsidiaries earns revenues through tariff rates charged for the use of their electric transmission systems by its customers, which include investor-owned utilities, municipalities, cooperatives, power marketers and alternative energy suppliers. The Company's operations are subject to federal, state and local environmental laws and regulations, which impose limitations on the discharge of pollutants into the environment, establish standards for the management, treatment, storage, transportation and disposal of hazardous materials and of solid and hazardous wastes, and impose obligations to investigate and remediate contamination in certain circumstances.

Executives

Edward G Jepsen	director	C/O AMPHENOL CORPORATION, 358 HALL AVENUE, WALLINGFORD CT 06492
Rejji P Hayes	officer: EVP & CFO	ONE ENERGY PLAZA, JACKSON MI 49201
Thomas G Stephens	director	777 JOSLYN ROAD, MC 483 720 540, PONTIAC MI 48340-2925
Dave R Lopez	director	100 N BROADWAY, OKLAHOMA CITY OK 73102
Lee C Stewart	director	PO BOX 816, SHARON CT 06069
Chris Franklin	director	762 W.LANCASTER AVE, BRYN MAWR PA 19010
Cameron M Bready	officer: EVP & Chief Financial Officer	3550 LENOX RD, ATLANTA GA 30326
Watts J C Jr	director