Altice USA (Altice USA) Retained Earnings : $-601 Mil (As of Dec. 2023)

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What is Altice USA Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Altice USA's retained earnings for the quarter that ended in Dec. 2023 was $-601 Mil.

Altice USA's quarterly retained earnings increased from Jun. 2023 ($-550 Mil) to Sep. 2023 ($-483 Mil) but then declined from Sep. 2023 ($-483 Mil) to Dec. 2023 ($-601 Mil).

Altice USA's annual retained earnings increased from Dec. 2021 ($-849 Mil) to Dec. 2022 ($-654 Mil) and increased from Dec. 2022 ($-654 Mil) to Dec. 2023 ($-601 Mil).

Altice USA Retained Earnings Historical Data

The historical data trend for Altice USA'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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Altice USA Retained Earnings Chart

Altice USA Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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390.77

-985.64

-848.84

-654.27

-601.08

Altice USA Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings	Get a 7-Day Free Trial															-654.27	-628.41	-550.11	-483.27	-601.08

Altice USA 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.

Altice USA (NYSE:ATUS) 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.

Altice USA (Altice USA) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Altice USA Inc (NYSE:ATUS) » Definitions » Retained Earnings

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15PA:Germany 15PA:Germany

Address

1 Court Square West, Long Island City, New York, NY, USA, 11101

Website

https://www.alticeusa.com

Altice Europe acquired privately held U.S. cable company Suddenlink in 2015 and Cablevision in 2016. Suddenlink's networks provide television, internet access, and phone services to roughly 3.5 million U.S. homes and businesses located primarily in smaller markets, with major clusters in Texas, West Virginia, Idaho, Arizona, and Louisiana. Cablevision provides comparable services to about 5.5 million homes and business in the New York City metro area. Both regions operate under the Optimum brand name. Altice Europe spun off Altice USA, which includes both the Suddenlink and Cablevision operations, to shareholders in 2018. Altice USA also owns News 12 Networks, which broadcasts local news in New York, i24News, a news operation focused on the Middle East, and Cheddar, a news upstart.

Executives

Alexandre Fonseca	director	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Marc Sirota	officer: Chief Financial Officer	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Patrick Drahi	director, 10 percent owner	WIESTISTRASSE 14, ZERMATT V8 3920
Next Alt S.a.r.l.	director, 10 percent owner	5, RUE EUGENE RUPPERT, GRAND DUCHY OF LUXEMBOURG N4 L-2453
Dennis Mathew	officer: Chief Executive Officer	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Maria Bruzzese	officer: Chief Accounting Officer	1 COURT SQUARE WEST, LONG ISLAND CITY NY 11101
Charles Stewart	officer: Co-President & CFO	1111 STEWART AVENUE, BETHPAGE NY 11714
Mark Mullen	director	1111 STEWART AVENUE, BETHPAGE NY 11714
Susan C Schnabel	director	C/O CREDIT SUISSE FIRST BOSTON, 11 MADISON AVE, NEW YORK NY 10010
Gerrit Jan Bakker	director	15 RUE PIERRE FATIO 6TH FLOOR, GENEVA V8 1204
Raymond Svider	director	650 MADISON AVENUE, 23RD FLOOR, NEW YORK NY 10022
Michael Olsen	officer: Acting Gen Counsel & Secretary	1 COURT SQUARE W, LONG ISLAND CITY NY 11101
Michael Grau	officer: Chief Financial Officer	1 COURT SQUARE W, LONG ISLAND CITY NY 11101
Soroban Opportunities Master Fund Lp	10 percent owner	WALKERS CORPORATE LIMITED, CAYMAN CORPORATE CENTRE, 27 HOSPITAL RD, GEORGE TOWN E9 KY1-9008
Soroban Capital Gp Llc	10 percent owner	55 WEST 46TH STREET, 32ND FLOOR, NEW YORK NY 10036