Switch (Switch) Retained Earnings : $341.9 Mil (As of Sep. 2022)

View and export this data going back to 2017. Start your Free Trial

What is Switch Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Switch's retained earnings for the quarter that ended in Sep. 2022 was $341.9 Mil.

Switch's quarterly retained earnings increased from Mar. 2022 ($-18.2 Mil) to Jun. 2022 ($350.6 Mil) but then declined from Jun. 2022 ($350.6 Mil) to Sep. 2022 ($341.9 Mil).

Switch's annual retained earnings declined from Dec. 2019 ($2.4 Mil) to Dec. 2020 ($0.0 Mil) and declined from Dec. 2020 ($0.0 Mil) to Dec. 2021 ($-23.0 Mil).

Switch Retained Earnings Historical Data

The historical data trend for Switch'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.

Switch Retained Earnings Chart

Switch Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Retained Earnings

Get a 7-Day Free Trial

1.60

2.69

2.42

0.01

-23.02

Switch Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Retained Earnings	Get a 7-Day Free Trial															-5.02	-23.02	-18.19	350.57	341.90

Switch 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.

Switch (NYSE:SWCH) 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.

Switch (Switch) Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

7135 South Decatur Boulevard, Las Vegas, NV, USA, 89118

Website

https://www.switch.com

Switch Inc is a US-based technology infrastructure company. It is engaged in designing, constructing, and operating hyper-scale data centers. The company has developed patented technologies that have redefined data center space and cooling, allowing customers to deploy high-density and scalable IT architectures to support demanding and critical workloads. Switch owns and operates primary campus locations called Primes. These Primes are The Core Campus in Vegas, Nevada; The Citadel Campus near Reno, Nevada; The Pyramid Campus in Grand Rapids, Michigan; and The Keep Campus in Atlanta, Georgia. It generates the majority of its revenue through colocation, which includes the licensing and leasing of cabinet space & power.

Executives

Thomas A Thomas	director	5241 SPRING MOUNTAIN ROAD, LAS VEGAS NV 89150
Teresa A. Borden	officer: Chief Construction Officer	C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Rob Roy	director, 10 percent owner, officer: Chief Executive Officer	7135 S. DECATUR BLVD, LAS VEGAS NV 89118
Erin Thomas Morton	10 percent owner, officer: President and General Counsel	7135 S. DECATUR BLVD, LAS VEGAS NV 89118
Stella Roy	10 percent owner	410 S. RAMPART BLVD., SUITE 350, LAS VEGAS NV 89145
Jonathan H King	officer: Chief Revenue Officer	C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Jason Genrich	director	C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
Melissa Young	officer: Chief Information Officer	C/O SWITCH, INC., 7135 SOUTH DECATUR BOULEVARD, LAS VEGAS NV 89118
First St Switch Llc	10 percent owner	1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052
Jeffrey Alan Troesh	10 percent owner	1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052
Eastern Capital Group Llc	10 percent owner	1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052
Family Foundation Troesh	10 percent owner	1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052
Angela N Archon	director	294 ROUTE 100, BUILDING 1, SOMERS NY 10589
Liane J Pelletier	director	10700 NE 4TH STREET # 4004, BELLEVUE WA 98004
Dt Grat Lm, Llc	10 percent owner	1370 JET STREAM DRIVE, SUITE 100, HENDERSON NV 89052