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Avid Technology (Avid Technology) Retained Earnings : $-1,084.0 Mil (As of Sep. 2023)


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What is Avid Technology Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Avid Technology's retained earnings for the quarter that ended in Sep. 2023 was $-1,084.0 Mil.

Avid Technology's quarterly retained earnings declined from Mar. 2023 ($-1,072.1 Mil) to Jun. 2023 ($-1,076.7 Mil) and declined from Jun. 2023 ($-1,076.7 Mil) to Sep. 2023 ($-1,084.0 Mil).

Avid Technology's annual retained earnings increased from Dec. 2020 ($-1,168.3 Mil) to Dec. 2021 ($-1,127.0 Mil) and increased from Dec. 2021 ($-1,127.0 Mil) to Dec. 2022 ($-1,071.7 Mil).


Avid Technology Retained Earnings Historical Data

The historical data trend for Avid Technology'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.

* Premium members only.

Avid Technology Retained Earnings Chart

Avid Technology Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -1,187.01 -1,179.41 -1,168.35 -1,126.96 -1,071.72

Avid Technology Quarterly Data
Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23
Retained Earnings Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -1,096.98 -1,071.72 -1,072.10 -1,076.70 -1,084.03

Avid Technology 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.


Avid Technology  (NAS:AVID) 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.


Avid Technology (Avid Technology) Business Description

Traded in Other Exchanges
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Address
75 Blue Sky Drive, Burlington, MA, USA, 01803
Avid Technology Inc develops and sells software and hardware for digital media production and management. Its products are used in production, film studios, cable television stations, recording studios, and other agencies. The company has operations in the U.S.; the Americas; Europe, Middle East, and Africa; and Asia-Pacific. Most of its revenue is split fairly evenly between the U.S. and EMEA. The company's products are organized into suites, including Artist Suite, which includes video editing and digital audio workstations; Media Suite, which provides newsroom management solutions; Studio Suite, which provides tools for on-air programming; and Storage Suite, which provides products for digital storage. It derives most of the revenue from video and audio products and services.
Executives
Kenneth L Gayron officer: EVP & Chief Financial Officer 75 NETWORK DRIVE, BURLINGTON MA 34212
Timothy Claman officer: SVP & GM Video Post & Storage 75 NETWORK DRIVE, BURLINGTON MA 01803
Cordiner Tom J. A. officer: SVP of Global Sales PINEWOOD ROAD, IVER HEATH, BUCKINGHAMSHIRE, ENGLAND X0 01803
David Toomey officer: SVP & GM Audio and Music 75 NETWORK DRIVE, BURLINGTON MA 01830
Mariesa Victoria officer: VP & Chief Accounting Officer 75 NETWORK DRIVE, BURLINGTON MA 01803
Christian Asmar director 152 WEST 57TH STREET, 17TH FLOOR, NEW YORK CITY NY 10019
Dana Ruzicka officer: VP, Chief Product Officer 75 NETWORK DRIVE, BURLINGTON MA 01803
Nancy Hawthorne director AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Robert M Bakish director AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Lior Netzer officer: SVP & GM, Media & Cloud 75 NETWORK DRIVE, BURLINGTON MA 01803
Kevin W. Riley officer: Chief Technology Officer 75 NETWORK DRIVE, BURLINGTON MA 01803
Garrard Brown officer: Chief Accounting Officer, other: Principal Accounting Officer AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Jason A Duva officer: Senior VP & General Counsel, other: Corporate Secretary AVID TECHNOLOGY, INC., 75 NETWORK DRIVE, BURLINGTON MA 01803
Lauren Taylor Wolfe 10 percent owner 3100 CUMBERLAND BOULEVARD, SUITE 1700, ATLANTA GA 30339
Impactive Capital Llc 10 percent owner 152 WEST 57TH, 17TH FLOOR, NEW YORK CITY NY 10019