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Synchronoss Technologies (Synchronoss Technologies) Retained Earnings : $-431.2 Mil (As of Dec. 2023)


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What is Synchronoss Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Synchronoss Technologies's retained earnings for the quarter that ended in Dec. 2023 was $-431.2 Mil.

Synchronoss Technologies's quarterly retained earnings declined from Jun. 2023 ($-396.1 Mil) to Sep. 2023 ($-398.7 Mil) and declined from Sep. 2023 ($-398.7 Mil) to Dec. 2023 ($-431.2 Mil).

Synchronoss Technologies's annual retained earnings declined from Dec. 2021 ($-368.7 Mil) to Dec. 2022 ($-376.6 Mil) and declined from Dec. 2022 ($-376.6 Mil) to Dec. 2023 ($-431.2 Mil).


Synchronoss Technologies Retained Earnings Historical Data

The historical data trend for Synchronoss Technologies'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.

Synchronoss Technologies Retained Earnings Chart

Synchronoss Technologies Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only -334.32 -345.77 -368.71 -376.63 -431.16

Synchronoss Technologies 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 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 -376.63 -387.55 -396.05 -398.75 -431.16

Synchronoss Technologies 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.


Synchronoss Technologies  (NAS:SNCR) 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.


Synchronoss Technologies (Synchronoss Technologies) Business Description

Traded in Other Exchanges
Address
200 Crossing Boulevard, 3rd Floor, Bridgewater, NJ, USA, 08807
Synchronoss Technologies Inc is a provider of cloud- and software-based activation solutions for mobile carriers, enterprises, retailers, and original equipment manufacturers. These solutions are delivered through the Activation Services, Synchronoss Personal Cloud, Enterprise, and Integrated Life platforms, which are scalable and available on-demand. The firm's solutions include activation and processing, cloud-based sync, backup, storage, and content engagement capabilities. The company derives revenue from subscriptions and transaction-based fees. A majority of the firm's revenue is generated in the United States, and the rest is from countries across the world.
Executives
Laurie Harris director C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BOULEVARD, BRIDGEWATER TOWNSHIP NJ 08807
B. Riley Financial, Inc. 10 percent owner 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Martin Francis Bernstein director C/O B. RILEY FINANCIAL, INC., 11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
Kristin S. Rinne director C/O SYNCHRONOSS TECHNOLOGIES INC., 200 CROSSING BLVD., BRIDGEWATER NJ 08807
Jeffrey George Miller officer: Chief Commercial Officer C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Lou Ferraro officer: EVP and CFO 200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Christopher K. Hill officer: EVP & Chief Commercial Officer 200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Patrick Joseph Doran officer: EVP & Chief Technology Officer 750 ROUTE 202 SOUTH, SUITE 600, BRIDGEWATER NJ 08807
Christina Gabrys officer: SVP and CLO 200 CROSSING BLVD., 8TH FLOOR, BRIDGEWATER NJ 08807
Stephen G Waldis director, officer: President & C.E.O. 750 ROUTE 202 SOUTH, SUITE 600, BRIDGEWATER NJ 08807
Taylor C Greenwald officer: Chief Financial Officer C/O SYNCHRONOSS TECHNOLOGIES, INC., 200 CROSSING BOULEVARD, 3RD FLOOR, BRIDGEWATER NJ 08807
David D Clark officer: Chief Financial Officer FORT WASHINGTON EXECUTIVE CENTER, 600 OFFICE CENTER DRIVE, FORT WASHINGTON PA 19034
Brc Partners Opportunity Fund, Lp 10 percent owner 11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc 10 percent owner 11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025
Brc Partners Management Gp, Llc 10 percent owner 11100 SANTA MONICA BLVD SUITE 800, LOS ANGELES CA 90025