Georgia Corporate 2011 Annual Earnings On Fire Under Obama

I found 44 Corporations, headquartered in Georgia, 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 years.

The extremely well run giant Coca Cola had its 2011 Core Pretax Income increase by 12% over 2010, and by 21% over 2009.

The remaining 43 Georgia Corps had their Total Pretax Income in 2011 increase by 20% over 2010, and more than triple by an off-the-charts 205% increase 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.

Clearly, the Obama Administration has created an economic environment in the past two years that has permitted these Georgia Corporations to flat out flourish. 

Georgia citizens should be extremely proud of the operating performance in the most recent two years of their superb Georgia Corporations.

Below here is the Pretax Income (PTI) and Pretax Loss (PTL) of these 43 Georgia Corps for each of the most recent three fiscal 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
Georgia
The Dominant One
Coca Cola	10,833	9,709	8,946	12%	21%
The Rest
Home Depot	6,068	5,273	3,982	15%	52%
United Parcel Service	5,776	5,290	3,073	9%	88%
AFLAC	2,992	3,585	2,235	-17%	34%
Coca Cola Enterprises	945	746	727	27%	30%
Invesco Ltd	908	834	358	9%	154%
Genuine Parts	891	762	644	17%	38%
Delta Air Lines	837	999	(1,498)	-16%	156%
Intercontinental Exchange	759	610	494	24%	54%
SunTrust Banks	739	21	(1,699)	3419%	143%
AGCO	561	275	154	104%	264%
Newell Rubbrmaid	536	513	429	4%	25%
RPC	479	238	(33)	101%	1552%
Equifax	408	375	331	9%	23%
Global Payments	324	310	292	5%	11%
Total System Services	317	308	341	3%	-7%
Primerica	276	399	760	-31%	-64%
Rock-Tenn	256	266	264	-4%	-3%
Aaron's	220	191	176	15%	25%
FleetCor Technologies	211	151	130	40%	62%
Mohawk Industries	200	193	(78)	4%	356%
Flowers Foods	192	210	208	-9%	-8%
Carters	181	233	184	-22%	-2%
Rollins	161	144	126	12%	28%
Acuity Brands	158	119	127	33%	24%
Graphic Packaging	139	37	(59)	276%	336%
NCR	137	93	62	47%	121%
Schweitzer Mauduit	130	108	84	20%	55%
Ocwen Financial	123	39	93	215%	32%
Piedmont Office Realty	90	112	63	-20%	43%
Georgia Gulf	67	44	(110)	52%	161%
Earthlink	54	138	185	-61%	-71%
Synovus Financial	(60)	(849)	(1,606)	93%	96%
Beazer Homes	(197)	(193)	(330)	-2%	40%
First Data	(760)	(1,288)	(1,506)	41%	50%
Late Additions
Novelis	302	391	149	-23%	103%
Invesco Mortgage Capital	287	104	18	176%	1494%
Immucor	131	125	117	5%	12%
Arris Group	63	95	130	-34%	-52%
Gentiva Health Services	60	105	108	-43%	-44%
CompuCredit	16	(108)	(200)	115%	108%
Mueller Water Products	(59)	(64)	(108)	8%	45%
United Community Banks	(231)	(221)	(235)	-5%	2%
HD Supply	(440)	(556)	(633)	21%	30%
Grand Total all 43 Rest	24,247	20,157	7,949	20%	205%