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Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Driven Brands Holdings's retained earnings for the quarter that ended in Mar. 2024 was $-706 Mil.
Driven Brands Holdings's quarterly retained earnings declined from Sep. 2023 ($-697 Mil) to Dec. 2023 ($-710 Mil) but then increased from Dec. 2023 ($-710 Mil) to Mar. 2024 ($-706 Mil).
Driven Brands Holdings's annual retained earnings increased from Dec. 2021 ($42 Mil) to Dec. 2022 ($85 Mil) but then declined from Dec. 2022 ($85 Mil) to Dec. 2023 ($-710 Mil).
The historical data trend for Driven Brands Holdings'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.
Driven Brands Holdings Annual Data | |||||||||||||||
Trend | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Retained Earnings | Get a 7-Day Free Trial | - | 31.98 | 41.61 | 84.80 | -710.09 |
Driven Brands Holdings Quarterly Data | ||||||||||||||||||||
Dec18 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Retained Earnings | Get a 7-Day Free Trial | 114.54 | 152.29 | -696.94 | -710.09 | -705.83 |
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.
Driven Brands Holdings (NAS:DRVN) 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.
Jonathan G. Fitzpatrick | director, officer: President & CEO | 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202 |
Gary W Ferrera | officer: EVP, Chief Financial Officer | 3250 BRIARPARK, SUITE 400, HOUSTON TX 77042 |
Muhammad Khalid | officer: EVP, Seg. Pres. - Maintenance | 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202 |
Rc Iv Cayman Icw Holdings Llc | 10 percent owner, other: See Remarks. | C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309 |
Neal K Aronson | director, 10 percent owner, other: See Remarks | 1180 PEACHTREE STREET NE., SUITE 2500, ATLANTA GA 30309 |
Driven Equity Llc | 10 percent owner, other: See Remarks. | C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309 |
Michael G. Macaluso | officer: EVP & Grp Pres-Pt., Coll & Gl. | 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202 |
Jose D. Tomas | director | 5505 BLUE LAGOON DRIVE, MIAMI FL 33126 |
Driven Equity Sub Llc | 10 percent owner, other: See Remarks. | C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309 |
Rc Iv Cayman Icw Holdings Sub Llc | 10 percent owner, other: See Remarks. | C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309 |
Roark Capital Partners Iii Aiv Lp | 10 percent owner, other: See Remarks. | C/O ROARK CAPITAL MANAGEMENT, LLC, 1180 PEACHTREE STREET, SUITE 2500, ATLANTA GA 30309 |
Daniel R. Rivera | officer: EVP & Group President, Maint. | 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202 |
John R. Teddy | officer: EVP & President, Car Wash N.A. | 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202 |
Karen B. Stroup | director | 440 S. CHURCH STREET, SUITE 700, CHARLOTTE NC 28202 |
Michael Beland | officer: SVP & Chief Accounting Officer | 440 S. CHURCH ST., SUITE 700, CHARLOTTE NC 28202 |
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