Cowen (COWN) Retained Earnings : $515 Mil (As of Dec. 2022)

View and export this data going back to 2006. Start your Free Trial

What is Cowen Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Cowen's retained earnings for the quarter that ended in Dec. 2022 was $515 Mil.

Cowen's quarterly retained earnings increased from Jun. 2022 ($500 Mil) to Sep. 2022 ($508 Mil) and increased from Sep. 2022 ($508 Mil) to Dec. 2022 ($515 Mil).

Cowen's annual retained earnings increased from Dec. 2020 ($186 Mil) to Dec. 2021 ($462 Mil) and increased from Dec. 2021 ($462 Mil) to Dec. 2022 ($515 Mil).

Cowen Retained Earnings Historical Data

The historical data trend for Cowen'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.

Cowen Retained Earnings Chart

Cowen Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Retained Earnings

Get a 7-Day Free Trial

-34.65

-16.81

185.90

461.98

515.40

Cowen Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Retained Earnings	Get a 7-Day Free Trial															461.98	491.19	499.61	508.19	515.40

Cowen 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.

Cowen (NAS:COWN) 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.

Cowen (COWN) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Capital Markets » Cowen Inc (NAS:COWN) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

599 Lexington Avenue, 20th Floor, New York, NY, USA, 10022

Website

https://www.cowen.com

Cowen provides financial services in two segments: the operating company, which includes Cowen Investment Management, investment banking, the markets division, and the research division; and the asset company, which consists of private investments, real estate investments and other legacy investment strategies. Cowen offers investment management services to institutional investors worldwide. The company offers its investment banking and research services to corporations and institutional investors in the U.S. and Europe. Revenue comes primarily through investment banking and brokerage services.

Executives

Lorence H. Kim	director	C/O SERES HEALTH, INC., 161 FIRST STREET, CAMBRIDGE MA 02472
Brett H Barth	director	COWEN INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Stephen Lasota	officer: Chief Financial Officer	599 LEXINGTON AVENUE, NEW YORK NY 10022
John J Holmes	officer: Chief Administrative Officer	COWEN GROUP, INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Owen S Littman	officer: General Counsel	COWEN GROUP, INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Jeffrey M Solomon	10 percent owner, officer: Chmn Inv Comm/Prod Dev	599 LEXINGTON AVENUE 20TH FLOOR, NEW YORK NY 10022
Gregg A Gonsalves	director	C/O CEDAR REALTY TRUST, INC., 44 SOUTH BAYLES AVENUE, PORT WASHINGTON NY 11050
Lawrence E Leibowitz	director	C/O NYSE EURONEXT, 11 WALL STREET, NEW YORK NY 10005
Margaret L Poster	director	C/O COWEN INC., 599 LEXINGTON AVENUE, NEW YORK NY 10022
Peter A Cohen	director, 10 percent owner, officer: Chairman, CEO, President	40 WEST 57TH STREET, SUITE 2020, NEW YORK NY 10019
Douglas Rediker	director	599 LEXINGON AVENUE, NEW YORK NY 11022
Michael Singer	officer: CEO & President, Ramius LLC	599 LEXINGTON AVENUE, NEW YORK NY 10022
Jerome S Markowitz	director	C/O COUGAR TRADING, 375 PARK AVENUE, NEW YORK NY 10021
Labranche George M L Iv	director, officer: Senior Managing Director	ONE EXCHANGE PLAZA, NEW YORK NY 10006-3008
Labranche & Co Inc	other: See Footnotes (1) and (2)	ONE EXCHANGE PLAZA, NEW YORK NY 10006-3008