Thursday, May 3, 2012

Delaware Corporate 2011 Annual Earnings More Than Double Since 2009 Under Obama


I found three Corporations headquartered in Delaware, which file with the SEC, and which had Pretax Income or Pretax Loss of more than $100 mil in any of the most recent three fiscal years.

These three Delaware Corps, led by Dupont, had their Total Pretax Income in 2011 increase by an incredible 112% 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 both Debt Retirements and Asset Dispositions.

Below here is the Pretax Income (PTI) and Pretax Loss of these three Delaware 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

Delaware




DuPont 4,282 3,711 2,184 15% 96%
SLM 927 1,433 272 -35% 241%
Delphi Financial 233 220 106 6% 120%






Total all 3 5,442 5,364 2,562 1% 112%