Slack Technologies (Slack Technologies) Retained Earnings : $-1,565.0 Mil (As of Apr. 2021)

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What is Slack Technologies Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Slack Technologies's retained earnings for the quarter that ended in Apr. 2021 was $-1,565.0 Mil.

Slack Technologies's quarterly retained earnings declined from Oct. 2020 ($-1,455.1 Mil) to Jan. 2021 ($-1,537.0 Mil) and declined from Jan. 2021 ($-1,537.0 Mil) to Apr. 2021 ($-1,565.0 Mil).

Slack Technologies's annual retained earnings declined from Jan. 2019 ($-665.6 Mil) to Jan. 2020 ($-1,236.6 Mil) and declined from Jan. 2020 ($-1,236.6 Mil) to Jan. 2021 ($-1,537.0 Mil).

Slack Technologies Retained Earnings Historical Data

The historical data trend for Slack 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.

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Slack Technologies Retained Earnings Chart

Slack Technologies Annual Data

Trend

Jan17

Jan18

Jan19

Jan20

Jan21

Retained Earnings

-524.88

-665.56

-1,236.62

-1,537.04

Slack Technologies Quarterly Data
	Jan17	Jan18	Apr18	Jul18	Oct18	Jan19	Apr19	Jul19	Oct19	Jan20	Apr20	Jul20	Oct20	Jan21	Apr21
Retained Earnings	Get a 7-Day Free Trial										-1,311.83	-1,386.68	-1,455.08	-1,537.04	-1,564.99

Slack 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.

Slack Technologies (NYSE:WORK) 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.

Slack Technologies (Slack Technologies) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Technology » Software » Slack Technologies Inc (NYSE:WORK) » Definitions » Retained Earnings

Comparable Companies

Traded in Other Exchanges

N/A

Address

500 Howard Street, San Francisco, CA, USA, 94105

Website

https://www.slack.com

Slack Technologies operates Slack, a software-as-a-service platform that brings together people, applications, and data. The platform is appropriate for all business types, from small and medium-size businesses to enterprise customers. The company was founded in 2009 as a game developer but later changed its focus and released its internally developed toolset, Slack, in 2013. It is headquartered in San Francisco.

Executives

David Schellhase	officer: General Counsel and Secretary	THE LANDMARK @ ONE MARKET, SUITE 300, SAN FRANCISCO CA 94105
Allen Shim	officer: Chief Financial Officer	C/O SLACK TECHNOLOGIES, INC., 500 HOWARD STREET, SAN FRANCISCO CA 94105
Robert Frati	officer: Sr VP Sales, Customer Success	C/O SLACK TECHNOLOGIES 500 HOWARD STREET SAN FRANCISCO CA 94105
Cal Henderson	officer: Chief Technology Officer	C/O SLACK TECHNOLOGIES, INC. 500 HOWARD STREET SAN FRANCISCO CA 94105
Stewart Butterfield	director, officer: Chief Executive Officer	CO/ SLACK TECHNOLOGIES, INC. 500 HOWARD STREET SAN FRANCISCO CA 94105
Brandon Zell	officer: Chief Accounting Officer	C/O SLACK TECHNOLOGIES 500 HOWARD STREET SAN FRANCISCO CA 94105
Graham Smith	director	301 BRANNMAN ST, SAN FRANCISCO CA 94107
Tamar Yehoshua	officer: Chief Product Officer	301 CONGRESS AVE, STE 700, AUSTIN TX 78701
John Ofarrell	director	2865 SAND HILL ROAD #101, MENLO PARK CA 94025
Andrew Braccia	director	428 UNIVERSITY AVE, PALO ALTO CA 94555
Edith W Cooper	director	C/O ETSY, INC., 117 ADAMS STREET, BROOKLYN NY 11249
Sheila B Jordan	director	601 MERRITT 7, NORWALK CT 06851
Sarah Friar	director	C/O NEXTDOOR HOLDINGS, INC., 420 TAYLOR STREET, SAN FRANCISCO CA 94102
Michael M Mcnamara	director	C/O FLEXTRONICS INTERNATIONAL LTD, 2090 FORTUNE DRIVE, SAN JOSE CA 95131
Accel Growth Fund Investors 2014 L.l.c.	10 percent owner	428 UNIVERSITY AVE, PALO ALTO CA 94301