Friday, April 20, 2012

Alaska Two Largest Corps 2011 Annual Earnings Up Sharply Under Obama

The two largest corporations I found, which are headquartered in Alaska, and which file with the SEC, are both Anchorage based. 

These two corps had their Total Pretax Income in 2011 increase by a robust 26% over 2010, and by an even more robust 114% over 2009.

In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude clearly unusual very large items relative to Pretax Income, such as Gains and Losses on Debt Retirements.

Below here is the Pretax Income (PTI) of these 2 Alaskan Corps for each of the most recent three years.






Obama





Bump




PTI(L) PTI(L)

1 Year 2 Year

PTI(L) PTI(L) PTI(L) % %

2011 2010 2009 Change Change
mils $s mils $s mils $s

Alaska




GCI 22 18 7 22% 214%
NorthRim Bancorp 17 13 11 31% 55%






Total both 39 31 18 26% 117%