Cheesecake Factory (Cheesecake Factory) Retained Earnings

: $1,216 Mil (As of Dec. 2023)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cheesecake Factory's retained earnings for the quarter that ended in Dec. 2023 was $1,216 Mil.

Cheesecake Factory's quarterly retained earnings increased from Jun. 2023 ($1,213 Mil) to Sep. 2023 ($1,217 Mil) but then declined from Sep. 2023 ($1,217 Mil) to Dec. 2023 ($1,216 Mil).

Cheesecake Factory's annual retained earnings increased from Dec. 2021 ($1,169 Mil) to Dec. 2022 ($1,170 Mil) and increased from Dec. 2022 ($1,170 Mil) to Dec. 2023 ($1,216 Mil).

Cheesecake Factory Retained Earnings Historical Data

The historical data trend for Cheesecake Factory'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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Cheesecake Factory Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Retained Earnings

1,408.33

1,110.09

1,169.15

1,170.08

1,216.24

Cheesecake Factory Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Retained Earnings																1,170.08	1,184.20	1,213.12	1,217.27	1,216.24

Cheesecake Factory 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.

Cheesecake Factory (NAS:CAKE) 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.

Cheesecake Factory (Cheesecake Factory) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Restaurants » Cheesecake Factory Inc (NAS:CAKE) » Definitions » Retained Earnings

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Traded in Other Exchanges

CF2:Germany

Address

26901 Malibu Hills Road, Calabasas Hills, CA, USA, 91301

Website

https://www.thecheesecakefactory.com

Cheesecake Factory owns and operates restaurants in the United States and Canada under brands that include The Cheesecake Factory, North Italia, and a collection within the Fox Restaurants Concepts subsidiary. The company's international presence, in the Middle East and Mexico, is through licensing agreements with third parties. The company also has a bakery division that produces cheesecakes and other baked products for sale in its restaurants, international licensees, and third-party bakery customers. The company has four operating business segments: The Cheesecake Factory restaurants, North Italia, other FRC, and Flower Child. Majority of the company's revenue comes from The Cheesecake Factory restaurants segment.

Executives

Ashley W Hanscom	officer: PRINCIPAL ACCOUNTING OFFICER	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Adam S. Gordon	director	26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Edie A Ames	director	C/O MORTONS RESTATURANT GROUP, INC., 325 LASALLE STREET, SUITE 500, CHICAGO IL 60610
David Bruce Pittaway	director	150 E 58TH ST, STE 3700, NEW YORK NY 10155
Khanh Collins	director	22825 QUEENSBRIDGE DRIVE, ASHBURN VA 20148
Matthew Eliot Clark	officer: VP, Strategic Planning	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
David M Gordon	officer: President	C/O THE CHEESECAKE FACTORY INCORPORATED, 26901 MALIBU HILLS DRIVE, CALABASAS HILLS CA 91301
Cheryl Slomann	officer: Principal Accounting Officer	6450 VIA REAL, CURPINTERIA CA 93013
David Overton	director, officer: Chairman and C.E.O.
Keith Carango	officer: President (Subsidiary)	26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301
Paul D. Ginsberg	director	C/O ROARK CAPITAL, 1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Rc Cake Holdings Llc	10 percent owner	1180 PEACHTREE STREET NE, SUITE 2500, ATLANTA GA 30309
Janice L. Meyer	director	26901 MALIBU HILLS ROAD, CALABASAS CA 91301
Laurence B Mindel	director	IL FORNAIO AMERICA CORP, 770 TAMAPAIS DR STE 400, CORTE MADERA CA 94925
Alexander L Cappello	director	C/O THE CHEESECAKE FACTORY INC, 26901 MALIBU HILLS ROAD, CALABASAS HILLS CA 91301