The extremely well run giant Walmart had its 2011 Pretax Income increase by 4% in fiscal year ended (FYE) January 2012 over FYE January 2011, and by 10% over FYE January 2010.
Walmart’s incredible financial strength permitted it to spend $28.4 bil in buying back its common stock in the three most recent fiscal years. This financial engineering resulted in its FYE Jan 2012 Earnings Per Share to increase much more robustly, by 9% over FYE Jan 2011, and by 22% over FYE Jan 2010.
The remaining 7 of these Arkansas Corps had their Total Pretax Income in 2011 increase by 12% over 2010, and by an extremely strong 117% over 2009.
In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Asset Impairments and Gains and Losses on Debt Retirements.
Below here is the Pretax Income (PTI) and Pretax Loss (PTL) of these 8 Arkansas 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 | |||
| Arkansas | |||||
| Walmart | 24,398 | 23,538 | 22,118 | 4% | 10% |
| The Rest | |||||
| Murphy Oil | 1,920 | 1,389 | 1,235 | 38% | 55% |
| Tysons Foods | 1,074 | 1,203 | 17 | -11% | 6218% |
| JB Hunt Transport | 416 | 320 | 224 | 30% | 86% |
| Windstream | 410 | 508 | 649 | -19% | -37% |
| Dillards | 353 | 269 | 85 | 31% | 315% |
| Arkansas Best | 9 | (54) | (166) | 117% | 105% |
| TransAmerica Advisors Life Insurance | 4 | 113 | (111) | -96% | 105% |
| Total 7 Rest | 4,186 | 3,748 | 1,933 | 12% | 117% |
| Total all 8 | 28,584 | 27,286 | 24,051 | 5% | 19% |
