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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Woodward's retained earnings for the quarter that ended in Mar. 2024 was $3,068 Mil.
Woodward's quarterly retained earnings increased from Sep. 2023 ($2,909 Mil) to Dec. 2023 ($2,985 Mil) and increased from Dec. 2023 ($2,985 Mil) to Mar. 2024 ($3,068 Mil).
Woodward's annual retained earnings increased from Sep. 2021 ($2,601 Mil) to Sep. 2022 ($2,727 Mil) and increased from Sep. 2022 ($2,727 Mil) to Sep. 2023 ($2,909 Mil).
The historical data trend for Woodward'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.
Woodward Annual Data | |||||||||||||||||||||
Trend | Sep14 | Sep15 | Sep16 | Sep17 | Sep18 | Sep19 | Sep20 | Sep21 | Sep22 | Sep23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | 2,224.92 | 2,427.91 | 2,600.51 | 2,727.23 | 2,908.57 |
Woodward 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 | 2,767.81 | 2,839.19 | 2,908.57 | 2,985.41 | 3,067.85 |
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.
Woodward (NAS:WWD) 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.
Randall Hobbs | officer: President, Industrial | 1081 WOODWARD WAY, FORT COLLINS CO 80524 |
John D Cohn | director | C/O ROCKWELL AUTOMATION, INC., 1201 SOUTH SECOND STREET, MILWAUKEE WI 53204 |
Ronald M Sega | director | 10877 WILSHIRE BLVD, SUITE 710, LOS ANGELES CA 90024 |
Christopher Fawzy | officer: VP, Gen Counsel & Corp Sec | 201 MENTOR DRIVE, SANTA BARBARA CA 93111 |
Rajeev Bhalla | director | 1081 WOODWARD WAY, FORT COLLINS CO 80524 |
Mary D Petryszyn | director | 2980 FAIRVIEW PARK DRIVE, FALLS CHURCH VA 22042 |
Tana Leigh Utley | director | C/O SPX TECHNOLOGIES, INC., 6325 ARDREY KELL ROAD, SUITE 400, CHARLOTTE NC 28277 |
Gregg C Sengstack | director | FRANKLIN ELECTRIC CO INC, 9255 COVERDALE RD, FORT WAYNE IN 46809 |
William F. Lacey | officer: CFO | 1081 WOODWARD WAY, FORT COLLINS CO 80524 |
Charles P Blankenship | director, officer: CEO and President | 1081 WOODWARD WAY, FORT COLLINS CO 80524 |
Mark D Hartman | officer: Chief Financial Officer | 1081 WOODWARD WAY, FORT COLLINS CO 80524 |
Paul Donovan | director | PO BOX 7003, ROCKFORD IL 61125-7003 |
David P Hess | director | 390 PARK AVENUE, NEW YORK NY 10022 |
Mary L Petrovich | director | |
Daniel G. Korte | director | C/O LMI AEROSPACE, INC., 411 FOUNTAIN LAKE BLVD., ST. CHARLES MO 63301 |
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