Legg Mason (Legg Mason) Retained Earnings : $1,831 Mil (As of Jun. 2020)

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What is Legg Mason Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Legg Mason's retained earnings for the quarter that ended in Jun. 2020 was $1,831 Mil.

Legg Mason's quarterly retained earnings increased from Dec. 2019 ($1,804 Mil) to Mar. 2020 ($1,820 Mil) and increased from Mar. 2020 ($1,820 Mil) to Jun. 2020 ($1,831 Mil).

Legg Mason's annual retained earnings declined from Mar. 2018 ($1,895 Mil) to Mar. 2019 ($1,743 Mil) but then increased from Mar. 2019 ($1,743 Mil) to Mar. 2020 ($1,820 Mil).

Legg Mason Retained Earnings Historical Data

The historical data trend for Legg Mason'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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Legg Mason Retained Earnings Chart

Legg Mason Annual Data

Trend

Mar11

Mar12

Mar13

Mar14

Mar15

Mar16

Mar17

Mar18

Mar19

Mar20

Retained Earnings

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1,576.24

1,694.86

1,894.76

1,742.76

1,820.41

Legg Mason Quarterly Data
	Sep15	Dec15	Mar16	Jun16	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20
Retained Earnings	Get a 7-Day Free Trial															1,748.11	1,777.01	1,804.25	1,820.41	1,831.36

Legg Mason 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.

Legg Mason (NYSE:LM) 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.

Legg Mason (Legg Mason) Business Description

Industry

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Address

100 International Drive, Baltimore, MD, USA, 21202-1099

Website

https://www.leggmason.com

Legg Mason provides investment management services for institutional and individual investors. The firm had $783.4 billion in managed assets at the end of June, spread among its equity (25% of total AUM), fixed-income (57%), alternatives (9%), and money market (9%) investment platforms. Legg Mason uses a multiaffiliate business model, with its single- largest affiliate, Western Asset Management, accounting for more than 60% of managed assets. Other major affiliates include ClearBridge Investments (more than 15% of AUM), Brandywine (less than 10%), and Clarion Partners (less than 10%). The remaining affiliates--Martin Currie, Royce & Associates, EnTrustPermal, QS Investors, and RARE Infrastructure--each account for 2% or less of Legg Mason's managed assets.