These 12 Nevada Corps, generated Total Pretax Earnings in 2011 of $3.3 bil, which was up an incredibly off-the-charts 10238% over such amount two years ago in 2009.
Now I wanted to see if this spectacular earnings improvement of Nevada Largest Corps also applied to smaller Nevada Corps, which file with the SEC.
Thus, I found 10 Nevada headquartered Smaller Corps filing with the SEC, which had Pretax Income or Pretax Loss of $10 mil or more in any of the most recent three years, and which weren't included in the 12 Largest Nevada Corps. Thus, these 10 Smaller Nevada Corps also did not have Pretax Income or Pretax Loss of more than $100 mil in any of the most recent three years. I used a lower $10 mil Pretax Income and Pretax Loss threshold in order to make sure the number of companies here are of sufficient size to be able to reach a valid conclusion.
In the most recent two years, these 10 Smaller Nevada Corps generated Total Pretax Income in 2011 which was a superlative 343% higher than such amount two years earlier in 2009.
Yeah, the Obama Administration created a very robust US economic environment, which permitted Nevada companies of all sizes to show monstrous profit improvement in the most recent two years.
There was a huge total earnings growth deceleration for these Largest Nevada Corps......+3094% in 2010, +224% in 2011, and +36% in the most recent 1Q 2012. And a substantial portion of this earnings improvement is not in the US operations, but instead in the operations in China. Clearly, the US economy is in desperate need of bold, wise, short-term economic stimulation. And for Nevada's sake, a piece of this economic stimulus must be the ability for as many home owners as possible, including those underwater, to be able to quickly refinance their mortgages to the prevailing lower interest rates, and at little cost to refinance.
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.
I use Pretax Income rather than After-tax Net Income, since so much of the change in effective income tax rates just happens due to financial engineering.
I excluded Corps in the Development Stage, and ones generating losses for many years.
Let me first show each of the 12 Largest Nevada Corps. Below here is the Headquarters location and the Sector of each of these companies.
| Nevada Largest Corps | Nevada HQs | Sector |
| Allegiant Travel | Las Vegas | Air Transportation |
| Amerco | Reno | U Haul Rentals |
| Ameristar Casino | Las Vegas | Gaming |
| Bally Technologies | Las Vegas | Manufacturing: Gaming Equipment |
| Caesars Entertainment | Las Vegas | Gaming |
| Intl Game Technology | Las Vegas | Manufacturing: Gaming Equipment |
| John Deere Capital | Reno | Short-Term Business Credit Institutions |
| Las Vegas Sands | Las Vegas | Gaming |
| MGM Resorts | Las Vegas | Gaming |
| PDL Biopharma | Incline Village | Health Care: Biological Products |
| Southwest Gas | Las Vegas | Natural Gas Transmission & Distribution |
| Wynn Resorts | Las Vegas | Gaming |
And below here is the Pretax Income (PTI) or Pretax Loss of each of these 12 Largest Nevada Corporations for each of the most recent three years, along with the related percentage changes in earnings.
| Republican | Democratic | |||||
| US House | US House | Obama | ||||
| Control | Control | Bump | ||||
| PTI(L) | PTI(L) | Two Year | ||||
| % | % | % | ||||
| Change | Change | Change | ||||
| Total | Total | Total | 2011 | 2010 | 2011 | |
| PTI(L) | PTI(L) | PTI(L) | vs | vs | vs | |
| 2011 | 2010 | 2009 | 2010 | 2009 | 2009 | |
| mils $s | mils $s | mils $s | ||||
| Nevada Largest Corps | ||||||
| Las Vegas Sands | 2,095 | 856 | (204) | 145% | 520% | 1127% |
| Wynn Resorts | 806 | 405 | 23 | 99% | 1661% | 3404% |
| John Deere Capital | 572 | 478 | 222 | 20% | 115% | 158% |
| Intl Game Technology | 428 | 369 | 291 | 16% | 27% | 47% |
| PDL Biopharma | 307 | 261 | 280 | 18% | -7% | 10% |
| Amerco | 289 | 100 | 23 | 189% | 335% | 1157% |
| Southwest Gas | 175 | 158 | 132 | 11% | 20% | 33% |
| Bally Technologies | 143 | 171 | 185 | -16% | -8% | -23% |
| Ameristar Casino | 120 | 77 | 106 | 56% | -27% | 13% |
| Allegiant Travel | 80 | 103 | 121 | -22% | -15% | -34% |
| MGM Resorts | (485) | (741) | (317) | 35% | -134% | -53% |
| Caesars Entertainment | (1,222) | (1,215) | (830) | -1% | -46% | -47% |
| Total all 12 | 3,308 | 1,022 | 32 | 224% | 3094% | 10238% |
Now let me show each of the 10 Smaller Nevada Corps. Below here is the Headquarters location and the SEC Standard Industrial Classification of each of these companies.
| Nevada Smaller Corps | Nevada HQs | SEC Standard Industrial Classification |
| Affinity Gaming | Las Vegas | Hotels & Motels |
| Allied Nevada Gold | Reno | Gold & Silver Ores |
| Boyd Gaming | Las Vegas | Hotels & Motels |
| Employers Holdings | Reno | Fire, Marine, & Casualty Insurance |
| Global Cash Access Holdings | Las Vegas | Finance Services |
| Monarch Casino & Resort | Reno | Hotels & Motels |
| Pinnacle Entertainment | Las Vegas | Hotels & Motels |
| Shuffle Master | Las Vegas | Miscellaneous Manufacturing Industries |
| Spectrum Pharmaceuticals | Henderson | Pharmaceutical Preparations |
| Tropicana Entertainment | Las Vegas | Hotels & Motels |
And below here is the Pretax Income (PTI) or Pretax Loss of each of these 10 Smaller Nevada Corporations for each of the most recent three years, along with the related percentage changes in earnings.
| Republican | Democratic | |||||
| US House | US House | Obama | ||||
| Control | Control | Bump | ||||
| PTI(L) | PTI(L) | Two Year | ||||
| % | % | % | ||||
| Change | Change | Change | ||||
| Total | Total | Total | 2011 | 2010 | 2011 | |
| PTI(L) | PTI(L) | PTI(L) | vs | vs | vs | |
| 2011 | 2010 | 2009 | 2010 | 2009 | 2009 | |
| mils $s | mils $s | mils $s | ||||
| Nevada Smaller Corps | ||||||
| Spectrum Pharmaceuticals | 55 | (52) | (28) | 206% | -86% | 296% |
| Employers Holdings | 46 | 66 | 92 | -30% | -28% | -50% |
| Allied Nevada Gold | 43 | 27 | (4) | 59% | 775% | 1175% |
| Shuffle Master | 43 | 32 | 20 | 34% | 60% | 115% |
| Pinnacle Entertainment | 37 | (20) | (34) | 285% | 41% | 209% |
| Global Cash Access Holdings | 19 | 36 | 54 | -47% | -33% | -65% |
| Monarch Casino & Resort | 13 | 13 | 7 | 0% | 86% | 86% |
| Affinity Gaming | 12 | 28 | (23) | -57% | 222% | 152% |
| Tropicana Entertainment | 8 | 3 | (13) | 167% | 123% | 162% |
| Boyd Gaming | (6) | 14 | (10) | -143% | 240% | 40% |
| Total all 10 | 270 | 147 | 61 | 84% | 141% | 343% |
