These 8 Kentucky Corps generated a Total Pretax Income of $5.9 bil in 2011, up a robust 57% 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.
Kentucky citizens should be proud of the operating performance in the most recent two years of their Kentucky Corporations.
Clearly, the Obama Administration has created an economic environment in the past two years that has permitted these Kentucky Corporations to thrive.
Below here is the Pretax Income (PTI) and Pretax Loss (PTL) of these 8 Kentucky Corps for each of the most recent three years, with the most recent fiscal year ends ranging from April 2011 to December 2011.
| 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 | |||
| Kentucky | |||||
| Humana | 2,235 | 1,749 | 1,602 | 28% | 40% |
| Yum Brands | 1,846 | 1,671 | 1,378 | 10% | 34% |
| Brown Forman | 829 | 682 | 630 | 22% | 32% |
| Lexmark | 414 | 422 | 187 | -2% | 121% |
| Tempur Pedic | 328 | 231 | 128 | 42% | 156% |
| Republic Bancorp | 144 | 98 | 66 | 47% | 118% |
| General Cable | 125 | 123 | 96 | 2% | 30% |
| Ashland | 3 | 75 | (323) | -96% | 101% |
| Total all 8 | 5,924 | 5,051 | 3,764 | 17% | 57% |
