Plum Creek Timber Co 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.
Plum Creek Timber Co (NYSE:PCL) 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.
Plum Creek Timber Co (Plum Creek Timber Co) Business Description
Traded in Other Exchanges
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Address
Plum Creek Timber Co Inc was incorporated in Delaware. It is a real estate investment trust. The Company owned approximately 6.6 million acres of timberlands located in 19 states. It manages its timberlands in two business segments: the Northern Resources Segment, consisting of timberlands in Maine, Michigan, Montana, New Hampshire, Oregon, Vermont, Washington, West Virginia and Wisconsin; and the Southern Resources Segment, consisting of timberlands in Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, South Carolina, Texas, and Virginia. In addition, its Energy and Natural Resources Segment includes its natural resource businesses that focus on opportunities for oil and natural gas production, construction aggregates and mineral extraction, wind power and communication and transportation rights of way. The Company's real estate segment includes development of certain properties, internally and through joint venture arrangements. The Company's manufacturing segment, also conducted through its wholly-owned taxable REIT subsidiaries, includes two lumber mills, two plywood mills and two medium density fiberboard ("MDF") production lines in Montana and one lumber remanufacturing facility in Idaho. Some of its real estate activities, including its real estate development business, are conducted through its wholly-owned taxable REIT subsidiaries. As of December 31, 2014, the Northern Resources Segment encompassed approximately 3.1 million acres of timberlands and the Southern Resources Segment consisted of approximately 3.6 million acres of timberlands. In its Real Estate Segment, the Company competes with numerous sellers of entitled and unentitled land in hundreds of local markets. The Company's operations are subject to federal, state and local environmental laws and regulations, including laws relating to water, air, solid waste and hazardous substances and the requirements of the Federal Occupational Safety and Health Act and comparable state statutes relating to the health and safety of its employees.
Executives
| Sara Grootwassink Lewis |
director |
C/O CAPITALSOURCE INC., 4445 WILLARD AVENUE, 12TH FLOOR, CHEVY CHASE MD 20815 |
| Michelle J Goldberg |
director |
601 UNION STREET, SUITE 3100, SEATTLE WA 98101 |
| John G Mcdonald |
director |
601 UNION STREET, SUITE 3100, SEATTLE WA 98101-1374 |
| Robin Josephs |
director |
|
| Martin A White |
director |
C/O MDU RESOURCES GROUP, INC., PO BOX 5650, BISMARK ND 58506-5650 |
| Thomas M Lindquist |
officer: PRESIDENT & COO |
601 UNION STREET, SUITE 3100, SEATTLE WA 98101-1374 |
| Timothy E Punke |
officer: SVP Corp Affairs&Public Policy |
C/O WEYERHAEUSER COMPANY, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104 |
| Morgan John F., Sr. |
director |
C/O WEYERHAEUSER COMPANY, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104 |
| Russell S Hagen |
officer: SR. VP, BUSINESS DEVELOPMENT |
C/O WEYERHAEUSER COMPANY, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104 |
| Lawrence A Selzer |
director |
C/O WEYERHAEUSER COMPANY, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104 |
| Rick R Holley |
director, officer: CEO |
C/O WEYERHAEUSER COMPANY, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104 |
| Marc F Racicot |
director |
1411 E. MISSION AVENUE, SPOKANE WA 99202 |
| James A Kilberg |
officer: SVP, REAL ESTATE & ENR |
C/O WEYERHAEUSER COMPANY, 220 OCCIDENTAL AVENUE SOUTH, SEATTLE WA 98104 |
| Stephen C Tobias |
director |
NORFOLK SOUTHERN CORP, THREE COMMERCIAL PLACE, NORFOLK VA 23510-9219 |
| John H Scully |
director |
591 REDWOOD HIGHWAY, SUITE 3215, MILL VALLEY CA 94941 |
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