Shaw Communications (Shaw Communications) Retained Earnings : $1,611 Mil (As of Nov. 2022)

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What is Shaw Communications Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Shaw Communications's retained earnings for the quarter that ended in Nov. 2022 was $1,611 Mil.

Shaw Communications's quarterly retained earnings declined from May. 2022 ($1,615 Mil) to Aug. 2022 ($1,548 Mil) but then increased from Aug. 2022 ($1,548 Mil) to Nov. 2022 ($1,611 Mil).

Shaw Communications's annual retained earnings increased from Aug. 2020 ($1,287 Mil) to Aug. 2021 ($1,489 Mil) and increased from Aug. 2021 ($1,489 Mil) to Aug. 2022 ($1,548 Mil).

Shaw Communications Retained Earnings Historical Data

The historical data trend for Shaw Communications'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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Shaw Communications Retained Earnings Chart

Shaw Communications Annual Data

Trend

Aug13

Aug14

Aug15

Aug16

Aug17

Aug18

Aug19

Aug20

Aug21

Aug22

Retained Earnings

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1,251.34

1,314.70

1,287.32

1,489.01

1,548.35

Shaw Communications Quarterly Data
	Feb18	May18	Aug18	Nov18	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22
Retained Earnings	Get a 7-Day Free Trial															1,530.99	1,551.41	1,615.21	1,548.35	1,611.06

Shaw Communications 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.

Shaw Communications (NYSE:SJR) 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.

Shaw Communications (Shaw Communications) Business Description

Industry

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Address

630 - 3rd Avenue S.W., Suite 900, Finance Department, Calgary, AB, CAN, T2P 4L4

Website

https://www.shaw.ca

Shaw Communications is a Canadian cable company that is one of the biggest providers of internet, television, and landline telephone services in British Columbia, Alberta, Saskatchewan, Manitoba, and northern Ontario. In fiscal 2021, more than 75% of Shaw's total revenue resulted from this wireline business. Shaw now also offers wireless service over most of Canada's population footprint after acquiring Wind Mobile in 2016. As a smaller carrier, Shaw has favored bidding status in spectrum auctions, giving it a further boost in enhancing its wireless network. At the 2019 auction, Shaw added significant amounts of 600 MHz spectrum to the 700 MHz spectrum it is currently deploying.