I found 15 US Big Leisure and Entertainment Corps, which had Pretax Income or Loss of at least $100 mil in either the 4Q 2011 or the 4Q 2010.
These 15 Big Leisure and Entertainment Corps have had a superlative earnings run in the most recent 7 quarters.
So, what happens in the 4Q 2011? Well, no doubt harmed by the consumer uncertainty from the bumbling of the US Congress on both the Debt Ceiling Grand Bargain talks and the American Jobs Act, the 4Q 2011 earnings growth decelerated markedly to only 9% growth.
Below here are the Pretax Income (PTI) of these 15 US Big Leisure and Entertainment Corps in the 4Q 2011, along with a comparison with the prior year’s 4Q of 2010:
.....................................................4Q.........4Q............
...................................................2011......2010.....Increase...
....................................................PTI........PTI.....Amount....%
...................................................(in millions of dollars).........
Walt Disney................................2,241....2,064.......177......9%
Time Warner(1)..........................1,348....1,187........161.....14%
Las Vegas Sands............................584.......414........170.....41%
Mattel...........................................469.......405.........64.....16%
Wynn Resorts...............................227.......176.........51.....29%
Marriott(2)...................................202.......210.........(8).....-4%
Hasbro..........................................189.......173.........16.......9%
Starwood Hotel(3).........................167.......132.........35.....27%
Wyndham Worldwide(4)................111.......105...........6.......6%
Sothebys.......................................108.......140........(32)...-23%
Dolby Labs....................................103.......111.........(8)......-7%
Intl Game Technology.....................79.......103........(24)...-23%
Carnival........................................209.......255........(46)...-18%
MGM Resorts(5)...........................(125).....(185)........60.....32%
Caesars Entertainment.................(454).....(298)....(156)...-52%
Total all 15..................................5,458....4,992.......466......9%
(1) Time Warner 2011 PTI excludes Investment Losses.
(2) Marriott 2010 PTI excludes Impaidrment of Investments and Other.
(3) Starwood Hotel 2011 PTI excludes Special Legal Charge. Its 2010 PTI excludes Special Legal Settlement Credit.
(4) Wyndham Worldwide 2011 PTI excludes Asset Impairment Charge.
(5) MGM Resorts 2011 PTI excludes Asset Impairment Charges.
