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Echo Global Logistics (Echo Global Logistics) Retained Earnings : $199 Mil (As of Sep. 2021)


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What is Echo Global Logistics Retained Earnings?

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Echo Global Logistics's retained earnings for the quarter that ended in Sep. 2021 was $199 Mil.

Echo Global Logistics's quarterly retained earnings increased from Mar. 2021 ($162 Mil) to Jun. 2021 ($180 Mil) and increased from Jun. 2021 ($180 Mil) to Sep. 2021 ($199 Mil).

Echo Global Logistics's annual retained earnings increased from Dec. 2018 ($121 Mil) to Dec. 2019 ($136 Mil) and increased from Dec. 2019 ($136 Mil) to Dec. 2020 ($152 Mil).


Echo Global Logistics Retained Earnings Historical Data

The historical data trend for Echo Global Logistics'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.

Echo Global Logistics Retained Earnings Chart

Echo Global Logistics Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Retained Earnings
Get a 7-Day Free Trial Premium Member Only Premium Member Only 78.62 91.24 121.10 135.95 151.78

Echo Global Logistics Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
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 140.78 151.78 161.98 180.34 199.27

Echo Global Logistics 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.


Echo Global Logistics  (NAS:ECHO) 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.


Echo Global Logistics (Echo Global Logistics) Business Description

Traded in Other Exchanges
N/A
Address
600 West Chicago Avenue, Suite 725, Chicago, IL, USA, 60654
Founded in 2005, Echo Global Logistics is an asset-light third-party logistics provider primarily focused on domestic truckload and less-than-truckload brokerage. It also offers intermodal and international air and ocean freight forwarding services, though to a lesser degree. Key strategic initiatives include gaining organic market share in the highly fragmented brokerage industry and supplementing its sales capabilities through tuck-in acquisitions. Echo completed its initial public offering in October 2009.
Executives
Douglas R Waggoner director, officer: Chief Executive Officer
Matthew Wagner Ferguson director C/O ECHO GLOBAL LOGISTICS, INC. 600 W CHICAGO AVE, SUITE 725 CHICAGO IL 60654
Samuel K Skinner director 233 NORTH MICHIGAN AVENUE, 22ND FLOOR, CHICAGO IL 60601
David B Menzel officer: Chief Financial Officer C/O ECHO GLOBAL LOGISTICS, INC. 600 WEST CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Douglas Hong officer: Controller 600 WEST CHICAGO AVENUE SUITE 725 CHICAGO IL 60654
Peter Rogers officer: Controller C/O ECHO GLOBAL LOGISTICS 600 W. CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Kyle Sauers officer: Chief Financial Officer C/O ECHO GLOBAL LOGISTICS, 600 W. CHICAGO AVENUE, SUITE 725, CHICAGO IL 60654
Virginia Henkels director SWIFT TRANSPORTATION COMPANY, 2200 SOUTH 75TH AVENUE, PHOENIX AZ 85043
Farrow William M Iii director C/O CBOE GLOBAL MARKETS, INC., 433 WEST VAN BUREN STREET, CHICAGO IL 60607
Paul Loeb director 600 W. CHICAGO AVENUE SUITE 725 CHICAGO IL 60654
Bradley A Keywell director
Eric P Lefkofsky director, 10 percent owner 501 SILVERSIDE ROAD SUITE 87F, WILMONGTON DE 19809
Evan Schumacher officer: Chief Commercial Officer C/O ECHO GLOBAL LOGISTICS 600 W. CHICAGO AVENUE, SUITE 725 CHICAGO IL 60654
Nelda J Connors director BOSTON SCIENTIFIC CORPORATION, 300 BOSTON SCIENTIFIC WAY, MARLBOROUGH MA 01752-1234
John R Walter director 401 NORTH AHWAHNEE RD, LAKE FOREST IL 60045