US Big Beverage Corps 2011 Annual Earnings Up 13%

There are 8 US Big Beverage Corps, which file with the SEC, and which have Pretax Income or Pretax Loss of more than $200 mil in any of the most recent three years.

The Total Pretax Income of these 8 US Big Beverage Corps was $15.7 bil in 2011, up 13% from 2010, which was a bit of acceleration from the earnings growth of 9% in 2010.


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, Gains/Losses on Asset Sales, and Gains/Losses on Debt Retirements.

I don't think it is good for the US economy to have the Total Pretax Income growth of the 80 largest US Big Oil Corps for the most recent two years of 112%, which just crushes the 29% earnings growth in the most recent two years of these key, very well run 8 US Big Beverage Corps.  And by far the main driver of this 112% earnings growth of these US Big Oil Corps was simply substantially higher oil prices in the market, unfortunately driven in part by heavy oil speculation in derivatives on the commodity trading exchanges. 


Below here is the Pretax Income of these 8 US Big Beverage Corps for each of the most recent three years.

PTI PTI % % Change Change PTI(L) PTI(L) PTI(L) 2011 2010 2011 2010 2009 vs vs mils $s mils $s mils $s 2010 2009 Beverage Coca Cola 10,833 9,709 8,946 12% 9% CocaColaEnterprises 945 746 727 27% 3% Dr Pepper Snapple 925 921 868 0% 6% Brown Forman 829 682 630 22% 8% MolsonCoorsBrewing 774 809 718 -4% 13% ConstellationBrands 551 362 193 52% 88% Monster Beverage 457 349 336 31% 4% Beam 433 346 341 25% 1% Total all 8 15,747 13,924 12,759 13% 9%