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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cogent Communications Holdings's retained earnings for the quarter that ended in Dec. 2023 was $17.1 Mil.
Cogent Communications Holdings's quarterly retained earnings declined from Jun. 2023 ($-34.8 Mil) to Sep. 2023 ($-136.7 Mil) but then increased from Sep. 2023 ($-136.7 Mil) to Dec. 2023 ($17.1 Mil).
Cogent Communications Holdings's annual retained earnings declined from Dec. 2021 ($-909.9 Mil) to Dec. 2022 ($-1,074.6 Mil) but then increased from Dec. 2022 ($-1,074.6 Mil) to Dec. 2023 ($17.1 Mil).
The historical data trend for Cogent Communications Holdings'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.
Cogent Communications Holdings Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Retained Earnings | Get a 7-Day Free Trial | -684.58 | -807.77 | -909.88 | -1,074.59 | 17.14 |
Cogent Communications Holdings 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 | -1,074.59 | -1,113.75 | -34.80 | -136.65 | 17.14 |
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.
Cogent Communications Holdings (NAS:CCOI) 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.
John B. Chang | officer: VP & CHIEF LEGAL OFFICER | 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037 |
Dave Schaeffer | director, 10 percent owner, officer: Chairman, President & CEO | C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037 |
Henry W Kilmer | officer: VP of IP Engineering | C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037 |
James Bubeck | officer: Chief Revenue Officer | 2450 N STREET NW, WASHINGTON DC 20037 |
Thaddeus Gerard Weed | officer: VP, Controller | COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037 |
Lewis H Ferguson | director | 8717 BURDETTE ROAD, BETHESDA MD 20817 |
Sheryl Lynn Kennedy | director | C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037 |
Blake Bath | director | 1010 WISCONSIN AVENUE, SUITE 600, WASHINGTON DC 20007 |
Marc Montagner | other: director nominee | C/O ENDURANCE INT'L GROUP HOLDINGS, INC., 10 CORPORATE DRIVE, SUITE 300, BURLINGTON MA 01803 |
David Allen Kapp | officer: VP & CHIEF TECHNICAL OFFICER | C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037 |
Jeffrey S Danielson | officer: VP Infrastructure | C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037 |
Steven D Brooks | director | C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N ST NW, 4TH FLOOR, WASHINGTON DC 20037 |
Greg W O'connor | officer: VP, CHIEF OPERATING OFFICER | C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037 |
Eve N Howard | director | C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037 |
Sa Paul De | director | C/O COGENT COMMUNICATIONS HOLDINGS, INC., 2450 N STREET, N.W., WASHINGTON DC 20037 |
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