Monday, April 9, 2012

US Big Leisure and Entertainment Corps 2011 Annual Earnings on Fire Under Obama

I found 22 Big US Leisure and Entertainment Corps which generated Pretax Income or Pretax Losses of more than $200 mil in any of the most recent three years.

The earnings of these US Big Leisure and Entertainment Corps have rocketed under the Obama Administration.

For the most recent year 2011, these 22 US Big Leisure and Entertainment Corps registered Total Pretax Income of $21.7 bil, which was an increase of a robust 30% over 2010, and an increase of an even more robust 78% 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 Impairment Charges and Gains/Losses on Debt Retirements.

Clearly, the Obama Administration has created a US economic environment which has permitted these US Big Leisure and Entertainment Corps to flat out flourish.

Below here is the Pretax Income and Pretax Losses of these 22 US Big Leisure and Entertainment Corps for each of the most recent three years.




Obama





Bump




PTI PTI

1 Year 2 Year

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

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

Leisure and Entertainment




Walt Disney 8,043 6,627 5,658 21% 42%
Time Warner 4,366 3,919 3,237 11% 35%
Las Vegas Sands 2,095 856 (204) 145% 1127%
Carnival 1,912 1,979 1,806 -3% 6%
Mattel 971 847 660 15% 47%
Wynn Resorts 806 405 23 99% 3404%
Marriott 680 551 334 23% 104%
Wyndham WW 650 563 493 15% 32%
Ryal Caribbean 607 516 152 18% 299%
Starwood Hotel 495 300 140 65% 254%
Hasbro 486 508 530 -4% -8%
Dolby Labs 441 437 371 1% 19%
Intl Game Technology 428 369 291 16% 47%
PennNationalGaming 389 230 204 69% 91%
Polaris Industries 347 219 151 58% 130%
Sothebys 231 226 15 2% 1440%
Cinemark Holdings 219 208 174 5% 26%
DreamWorksAnimation 123 175 203 -30% -39%
Brunswick 109 (85) (685) 228% 116%
Host Hotels (13) (159) (236) 92% 94%
MGM Resorts (485) (741) (317) 35% -53%
Caesars Entertainment (1,222) (1,215) (830) -1% -47%




Total all 22 21,678 16,735 12,170 30% 78%