Snowflake (Snowflake) Retained Earnings

: $-4,076 Mil (As of Jan. 2024)

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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Snowflake's retained earnings for the quarter that ended in Jan. 2024 was $-4,076 Mil.

Snowflake's quarterly retained earnings declined from Jul. 2023 ($-3,292 Mil) to Oct. 2023 ($-3,906 Mil) and declined from Oct. 2023 ($-3,906 Mil) to Jan. 2024 ($-4,076 Mil).

Snowflake's annual retained earnings declined from Jan. 2022 ($-1,919 Mil) to Jan. 2023 ($-2,716 Mil) and declined from Jan. 2023 ($-2,716 Mil) to Jan. 2024 ($-4,076 Mil).

Snowflake Retained Earnings Historical Data

The historical data trend for Snowflake'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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Snowflake Annual Data

Trend

Jan19

Jan20

Jan21

Jan22

Jan23

Jan24

Retained Earnings

-700.32

-1,239.42

-1,919.37

-2,716.07

-4,075.60

Snowflake Quarterly Data
	Jan19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21	Jul21	Oct21	Jan22	Apr22	Jul22	Oct22	Jan23	Apr23	Jul23	Oct23	Jan24
Retained Earnings																-2,716.07	-3,065.10	-3,291.96	-3,906.25	-4,075.60

Snowflake 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.

Snowflake (NYSE:SNOW) 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.

Snowflake (Snowflake) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Snowflake Inc (NYSE:SNOW) » Definitions » Retained Earnings

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Traded in Other Exchanges

SNOW:Mexico 0A93:UK 5Q5:Germany 5Q5:Germany 5Q5:Germany 5Q5:Germany S2NW34:Brazil SNWF:Austria

Address

106 East Babcock Street, Suite 3A, Bozeman, MT, USA, 59715

Website

https://www.snowflake.com

Founded in 2012, Snowflake is a data lake, warehousing, and sharing company that came public in 2020. To date, the company has over 3,000 customers, including nearly 30% of the Fortune 500 as its customers. Snowflake's data lake stores unstructured and semistructured data that can then be used in analytics to create insights stored in its data warehouse. Snowflake's data sharing capability allows enterprises to easily buy and ingest data almost instantaneously compared with a traditionally months-long process. Overall, the company is known for the fact that all of its data solutions that can be hosted on various public clouds.

Executives

Christian Kleinerman	officer: SVP, Product Management	106 E. BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Christopher William Degnan	officer: Chief Revenue Officer	450 CONCAR DRIVE, SAN MATEO CA 94402
Frank Slootman	director, 10 percent owner, officer: CEO and Chairman	106 EAST BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Grzegorz Czajkowski	officer: SVP, Engineering and Support	106 E. BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Benoit Dageville	director, 10 percent owner, officer: President of Products	450 CONCAR DRIVE, SAN MATEO CA 94402
Teresa Briggs	director	2225 LAWSON LANE, SANTA CLARA CA 95054
Michael L Speiser	director, 10 percent owner	755 PAGE MILL ROAD, SUITE A-200, PALO ALTO CA 94304-1005
Michael Scarpelli	10 percent owner, officer: Chief Financial Officer	106 EAST BABCOCK STREET, SUITE 3A, BOZEMAN MT 59715
Mark D Mclaughlin	director	C/O PALO ALTO NETWORKS, INC., 4401 GREAT AMERICA PKWY, SANTA CLARA CA 95054
John Dennis Mcmahon	director	C/O BLADELOGIC, INC., 10 MAGUIRE STREET, BUILDING 3, LEXINGTON MA 02421
Stephen B Burke	director	41 CENTRAL PARK WEST - APT 11A, NEW YORK NY 10023
Jeremy Burton	director	C/O SNOWFLAKE INC., 106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Mark Garrett	director	106 EAST BABCOCK STREET SUITE 3A, BOZEMAN MT 59715
Sequoia Grove Manager, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025
Sequoia Grove Ii, Llc	10 percent owner	SEQUOIA CAPITAL, 2800 SAND HILL ROAD, SUITE 101, MENLO PARK CA 94025