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Cogeco (TSX:CGO) Retained Earnings : C$674 Mil (As of Feb. 2024)


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What is Cogeco Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cogeco's retained earnings for the quarter that ended in Feb. 2024 was C$674 Mil.

Cogeco's quarterly retained earnings increased from Aug. 2023 (C$750 Mil) to Nov. 2023 (C$772 Mil) but then declined from Nov. 2023 (C$772 Mil) to Feb. 2024 (C$674 Mil).

Cogeco's annual retained earnings increased from Aug. 2021 (C$705 Mil) to Aug. 2022 (C$758 Mil) but then declined from Aug. 2022 (C$758 Mil) to Aug. 2023 (C$750 Mil).

Cogeco Retained Earnings Historical Data

The historical data trend for Cogeco'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.

Cogeco Retained Earnings Chart

Cogeco Annual Data
Trend Aug14 Aug15 Aug16 Aug17 Aug18 Aug19 Aug20 Aug21 Aug22 Aug23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 629.38 647.81 705.40 757.65 750.40

Cogeco Quarterly Data
May19 Aug19 Nov19 Feb20 May20 Aug20 Nov20 Feb21 May21 Aug21 Nov21 Feb22 May22 Aug22 Nov22 Feb23 May23 Aug23 Nov23 Feb24
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 778.30 731.83 750.40 771.76 673.73

Cogeco 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.

Cogeco  (TSX:CGO) 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.

Cogeco (TSX:CGO) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Cogeco Inc (TSX:CGO) » Definitions » Retained Earnings
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Traded in Other Exchanges
CGECF:USA
Address
1 Place Ville Marie, Bureau 3301, Montreal, QC, CAN, H3B 3N2
Website
https://corpo.cogeco.com
Cogeco Inc is a telecommunications company. The company has operating segments, namely Canadian broadband services, American broadband services and Others. The Canadian and American broadband services segments provide a wide range of Internet, video, and telephony services primarily to residential customers, as well as business services across their coverage areas. The Canadian broadband services activities are carried out by Cogeco Connexion in the provinces of Quebec and Ontario and the American broadband services activities are carried out by Atlantic Broadband in 12 states.