Snap (SNAP) Retained Earnings : $-12,267 Mil (As of Mar. 2024)

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What is Snap Retained Earnings?

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).

Snap Retained Earnings Historical Data

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.

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Snap Retained Earnings Chart

Snap Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

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-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

Snap 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.

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.

Snap (SNAP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Interactive Media » Snap Inc (NYSE:SNAP) » Definitions » Retained Earnings

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Traded in Other Exchanges

SNAP:Mexico 1SNAP:Italy 1SId:UK 0RNH:UK 1SI:Germany 1SI:Germany 1SI:Germany 1SI:Germany SNAP:Austria SNAP:Argentina

Address

3000 31st Street, Santa Monica, CA, USA, 90405

Website

https://www.snap.com

Snap, which refers to itself as a camera company, has one of the most popular social networking apps, Snapchat, in developed regions such as North America and Europe. Snap generates nearly all its revenue from advertising with 70% coming from North America. The firm is headquartered in Venice, California.

Executives

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