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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Snap's retained earnings for the quarter that ended in Mar. 2024 was $-12,267 Mil.
Snap's quarterly retained earnings declined from Sep. 2023 ($-11,289 Mil) to Dec. 2023 ($-11,727 Mil) and declined from Dec. 2023 ($-11,727 Mil) to Mar. 2024 ($-12,267 Mil).
Snap's annual retained earnings declined from Dec. 2021 ($-8,284 Mil) to Dec. 2022 ($-10,215 Mil) and declined from Dec. 2022 ($-10,215 Mil) to Dec. 2023 ($-11,727 Mil).
The historical data trend for Snap'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.
Snap Annual Data | |||||||||||||||||||
Trend | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||||||
Retained Earnings | Get a 7-Day Free Trial | -6,945.93 | -7,891.54 | -8,284.47 | -10,214.66 | -11,726.54 |
Snap 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 | -10,543.33 | -10,920.64 | -11,288.90 | -11,726.54 | -12,266.74 |
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.
Snap (NYSE:SNAP) 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.
Rebecca Morrow | officer: CAO and Controller | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Derek Andersen | officer: Chief Financial Officer | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Michael J. O'sullivan | officer: General Counsel | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Eric Young | officer: SVP of Engineering | 3000 31ST STREET, SANTA MONICA CA 90405 |
Robert C. Murphy | director, officer: Chief Technology Officer | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Evan Spiegel | director, officer: Chief Executive Officer | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Jerry James Hunter | officer: Senior VP, Engineering | 3000 31ST STREET, SANTA MONICA CA 90405 |
Patrick Spence | director | C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101 |
Poppy Thorpe | director | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Jeremi Gorman | officer: Chief Business Officer | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Joanna Coles | director | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Fidel Vargas | director | 3000 31ST STREET, C/O SNAP INC, SANTA MONICA CA 90405 |
Jared Grusd | officer: Chief Strategy Officer | C/O SNAP INC., 2772 DONALD DOUGLAS LOOP NORTH, SANTA MONICA CA 90405 |
Elizabeth Jenkins | director | C/O SNAP INC., 3000 31ST STREET, SANTA MONICA CA 90405 |
Michael Lynton | director | 2000 AVENUE OF THE STARS 12TH FL, LOS ANGELES CA 90067 |
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