These 85 Largest Non-Financial New York Corps generated Total Pretax Income in 2011 of a massive $137 bil, which was 31% higher than that of two years earlier in 2009.
I wanted to see how the earnings of Smaller Non-Financial New York Corps, filing with the SEC, stacked up with the largest ones.
I found 34 New York headquartered Smaller Non-Financial Corps filing with the SEC, which had Pretax Income or Pretax Loss of $40 mil or more in any of the most recent three years, and which weren't included in the 85 Largest New York Non-Financial Corps. Thus, these 34 Smaller Non-Financial New York Corps also did not have Pretax Income or Pretax Loss of $100 mil or more in any of the most recent three years.
How did they do? Well, these 34 Smaller Non-Financial New York Corps had their total earnings growth more than triple, or up 307%, from that of two years ago in 2009. This was nearly 10 times the 31% total earnings growth of the 85 Largest Non-Financial New York Corps.
Clearly, New York citizens should be very proud of their many fine New York companies.
And yeah, the Obama Administration created a very robust US economic environment, which permitted these superb New York companies to do very well on the earnings front in the most recent two years.
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 Property and Intangible 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.
The majority of these 119 Non-Financial New York Corps, both the 85 Largest and the 34 Smaller ones, have their Headquarters located in New York, NY. Below here are the ones that were headquartered somewhere other than New York, NY.
| New York Non-Financial Corps | New York HQs |
| Abovenet | White Plains |
| Acorda Therapeutics | Hawthorne |
| Aeroflex Holding | Plainview |
| Albany International | Albany |
| Amscan Holdings | Elmsford |
| Arrow Electronics | Melville |
| Ascena Retail | Suffern |
| Atlas Air Worldwide | Purchase |
| Balchem | New Hampton |
| Bunge, Ltd | White Plains |
| CA, Inc | Islandia |
| Cablevision Systems | Bethpage |
| Comtech Telecommunications | Melville |
| Conmed | Utica |
| Constellation Brands | Victor |
| Corning | Corning |
| Dresser-Rand | Olean |
| Drew Industries | White Plains |
| Great Batch | Clarence |
| Hain Celestial Group | Melville |
| Henry Schein | Melville |
| Hi-Tech Pharmacal | Amityville |
| IBM | Armonk |
| ITT | White Plains |
| Jarden | Rye |
| JetBlue Airways | Long Island City |
| Mediacom Broadband | Middletown |
| Momentive Performance Materials | Albany |
| Monroe Muffler Brake | Rochester |
| Moog | East Aurora |
| MSC Industrial Direct | Melville |
| National Fuel Gas | Williamsville |
| Pall Corp | East Hills |
| Park Electrochemical | Melville |
| Paychex | Rochester |
| PepsiCo | Purchase |
| Prestige Brands | Irvington |
| Progenics Pharmaceuticals | Tarreytown |
| Seneca Foods | Marion |
| Sirona Dental Systems | Long Island City |
| Standard Motor Products | Long Island City |
| Steven Madden | Long Island City |
| Systemax | Port Washington |
| Tops Holding | Buffalo |
| Trans World Entertainment | Albany |
| Veeco Instruments | Plainview |
| Visant | Armonk |
| Xylem | White Plains |
And below here is the Pretax Income (PTI) or Pretax Loss of each of these 85 Largest and 34 Smaller Non-Financial New York Corporations for each of the most recent three years, with the most recent fiscal year ends ranging from April 2011 to March 2012, along with the related percentage changes in earnings.
| US House | US House | Obama | ||||
| Republican | Democratic | Bump | ||||
| Control | Control | Two | ||||
| PTI(L) | PTI(L) | Year | ||||
| % | % | % | ||||
| Change | Change | Change | ||||
| PTI(L) | PTI(L) | PTI(L) | 2011 | 2010 | 2011 | |
| 2011 | 2010 | 2009 | vs | vs | vs | |
| mils $s | mils $s | mils $s | 2010 | 2009 | 2009 | |
| New York Largest Non-Financial Corps | ||||||
| IBM | 21,003 | 19,723 | 18,138 | 6% | 9% | 16% |
| Verizon | 16,448 | 15,739 | 14,957 | 5% | 5% | 10% |
| Pfizer | 14,438 | 13,136 | 10,780 | 10% | 22% | 34% |
| Phillip Morris Intl | 12,532 | 10,324 | 9,243 | 21% | 12% | 36% |
| PepsiCo | 8,834 | 8,232 | 8,079 | 7% | 2% | 9% |
| Bristol Myers Squibb | 6,981 | 6,071 | 5,602 | 15% | 8% | 25% |
| Time Warner | 4,366 | 3,919 | 3,237 | 11% | 21% | 35% |
| News Corp | 4,177 | 3,323 | 2,161 | 26% | 54% | 93% |
| Colgate Palmolive | 3,582 | 3,701 | 3,538 | -3% | 5% | 1% |
| Corning | 3,343 | 3,521 | 1,934 | -5% | 82% | 73% |
| Hess | 3,248 | 2,935 | 1,522 | 11% | 93% | 113% |
| Viacom | 3,245 | 2,838 | 2,417 | 14% | 17% | 34% |
| Time Warner Cable | 2,462 | 2,196 | 1,912 | 12% | 15% | 29% |
| Loews | 2,232 | 2,902 | 2,766 | -23% | 5% | -19% |
| CBS | 2,083 | 1,222 | 653 | 70% | 87% | 219% |
| NBC Universal Media | 2,017 | 2,261 | 2,188 | -11% | 3% | -8% |
| Omnicom Group | 1,549 | 1,350 | 1,274 | 15% | 6% | 22% |
| CA | 1,354 | 1,209 | 1,152 | 12% | 5% | 18% |
| McGraw-Hill | 1,347 | 1,331 | 1,182 | 1% | 13% | 14% |
| L-3 Communications | 1,328 | 1,484 | 1,386 | -11% | 7% | -4% |
| Coach | 1,301 | 1,158 | 983 | 12% | 18% | 32% |
| Forest Labs | 1,238 | 1,338 | 951 | -7% | 41% | 30% |
| Estee Lauder | 1,026 | 688 | 343 | 49% | 101% | 199% |
| Ralph Lauren | 1,015 | 825 | 689 | 23% | 20% | 47% |
| Avon Products | 1,006 | 945 | 914 | 6% | 3% | 10% |
| Bunge Ltd | 940 | 610 | 145 | 54% | 321% | 548% |
| Arrow Electronics | 810 | 679 | 189 | 19% | 259% | 329% |
| Paychex | 792 | 729 | 704 | 9% | 4% | 13% |
| Leucadia National | 681 | 369 | (241) | 85% | 253% | 383% |
| Tiffany | 665 | 547 | 390 | 22% | 40% | 71% |
| Interpublic Group | 612 | 451 | 257 | 36% | 75% | 138% |
| Constellation Brands | 572 | 575 | 362 | -1% | 59% | 58% |
| Henry Schein | 569 | 502 | 453 | 13% | 11% | 26% |
| Weight Watchers | 483 | 313 | 290 | 54% | 8% | 67% |
| Cablevision Systems | 479 | 479 | 386 | 0% | 24% | 24% |
| Xylem | 470 | 388 | 277 | 21% | 40% | 70% |
| Sirius XM Radio | 441 | 168 | (78) | 163% | 315% | 665% |
| Foot Locker | 435 | 257 | 73 | 69% | 252% | 496% |
| PVH | 432 | 217 | 212 | 99% | 2% | 104% |
| Pall Corp | 420 | 328 | 271 | 28% | 21% | 55% |
| Jarden | 419 | 250 | 314 | 68% | -20% | 33% |
| Intl Flavors & Fragrances | 374 | 360 | 277 | 4% | 30% | 35% |
| National Fuel Gas | 372 | 356 | 339 | 4% | 5% | 10% |
| MSC Industrial Direct | 349 | 241 | 202 | 45% | 19% | 73% |
| Towers Watson | 327 | 170 | 222 | 92% | -23% | 47% |
| Ascena Retail | 284 | 209 | 102 | 36% | 105% | 178% |
| Veeco Instruments | 272 | 297 | 1 | -8% | 29600% | 27100% |
| MSCI | 263 | 153 | 132 | 72% | 16% | 99% |
| AMC Networks | 232 | 206 | 159 | 13% | 30% | 46% |
| Sothebys | 231 | 226 | 15 | 2% | 1407% | 1440% |
| Iconix Brand Group | 213 | 163 | 117 | 31% | 39% | 82% |
| Nielsen Holdings | 206 | (6) | (16) | 3533% | 63% | 1388% |
| BP Prudhoe Bay Royalty | 201 | 184 | 158 | 9% | 16% | 27% |
| Dresser-Rand Group | 192 | 216 | 312 | -11% | -31% | -38% |
| Moog | 184 | 149 | 111 | 23% | 34% | 66% |
| IAC/InterActiveCorp | 172 | 51 | (133) | 237% | 138% | 229% |
| Warnaco Group | 168 | 230 | 169 | -27% | 36% | -1% |
| Sirona Dental Systems | 160 | 115 | 63 | 39% | 83% | 154% |
| Steven Madden | 159 | 126 | 81 | 26% | 56% | 96% |
| Atlas Air Worldwide | 157 | 233 | 124 | -33% | 88% | 27% |
| WP Carey | 151 | 112 | 87 | 35% | 29% | 74% |
| Jet Blue Airways | 145 | 161 | 104 | -10% | 55% | 39% |
| ANN | 144 | 119 | (11) | 21% | 1182% | 1409% |
| New York Times | 144 | 190 | 72 | -24% | 164% | 100% |
| Madison Square Garden | 135 | 46 | (16) | 193% | 388% | 944% |
| Jones Group | 125 | 153 | 103 | -18% | 49% | 21% |
| Amscan Holdings | 122 | 109 | 100 | 12% | 9% | 22% |
| Comtech Telecommunications | 114 | 110 | 73 | 4% | 51% | 56% |
| Aeropostale | 113 | 387 | 383 | -71% | 1% | -70% |
| Abovenet | 113 | 104 | 94 | 9% | 11% | 20% |
| ABM Industries | 106 | 104 | 85 | 2% | 22% | 25% |
| Sakes | 102 | 33 | (102) | 209% | 132% | 200% |
| Revlon | 101 | 90 | 63 | 12% | 43% | 60% |
| WebMD Health | 92 | 105 | 16 | -12% | 556% | 475% |
| Scholastic Corp | 88 | 157 | 65 | -44% | 142% | 35% |
| ITT | 78 | (276) | (208) | 128% | -33% | 138% |
| AOL | 42 | 339 | 460 | -88% | -26% | -91% |
| Genco Shipping & Trading | 26 | 149 | 149 | -83% | 0% | -83% |
| Visant | 25 | 107 | 153 | -77% | -30% | -84% |
| Comverse Technology | 12 | (70) | (228) | 117% | 69% | 105% |
| Barnes & Noble | (97) | (123) | 45 | 21% | -373% | -316% |
| Take-Two Interactive | (104) | 64 | (95) | -263% | 167% | -9% |
| Momentive Performance Materials | (107) | 13 | (206) | -923% | 106% | 48% |
| Fifth & Pacific Cos | (148) | (90) | (234) | -64% | 62% | 37% |
| General Maritime | (174) | (89) | 31 | -96% | -387% | -661% |
| Total all 85 Largest | 137,239 | 124,916 | 105,423 | 10% | 19% | 31% |
| New York Smaller Non-Financial Corps | ||||||
| Loral Space & Communications | 99 | 95 | 27 | 4% | 252% | 267% |
| Minerals Technologies | 98 | 99 | 17 | -1% | 482% | 476% |
| Globe Specialty Metals | 97 | 35 | 36 | 177% | -3% | 169% |
| Hain Celestial Group | 94 | 59 | 29 | 59% | 103% | 224% |
| Monroe Muffler Brake | 87 | 74 | 53 | 18% | 40% | 64% |
| HMS Holdings | 81 | 67 | 51 | 21% | 31% | 59% |
| GIII Apparel | 79 | 93 | 52 | -15% | 79% | 52% |
| Systemax | 79 | 66 | 73 | 20% | -10% | 8% |
| China XD Plastics | 77 | 35 | 16 | 120% | 119% | 381% |
| Mediacom Broadband | 76 | 63 | 75 | 21% | -16% | 1% |
| Inter Parfums | 67 | 54 | 46 | 24% | 17% | 46% |
| Hi-Tech Pharmacal | 65 | 46 | 15 | 41% | 207% | 333% |
| ACI Worldwide | 64 | 49 | 33 | 31% | 48% | 94% |
| Standard Motor Products | 64 | 40 | 19 | 60% | 111% | 237% |
| Albany International | 62 | 55 | (40) | 13% | 238% | 255% |
| Prestige Brands | 61 | 49 | 53 | 24% | -8% | 15% |
| Conmed | 58 | 46 | 18 | 26% | 156% | 222% |
| Balchem | 57 | 50 | 41 | 14% | 22% | 39% |
| Monster Worldwide | 56 | (44) | (22) | 227% | -100% | 355% |
| Verint Systems | 54 | 39 | 24 | 38% | 63% | 125% |
| China Industrial Steel | 53 | 30 | 58 | 77% | -48% | -9% |
| Dice Holdings | 53 | 28 | 21 | 89% | 33% | 152% |
| Macquarie Infrastructure | 52 | 19 | (29) | 174% | 166% | 279% |
| Drew Industries | 48 | 45 | 9 | 7% | 400% | 433% |
| Great Batch | 48 | 39 | 32 | 23% | 22% | 50% |
| Acorda Therapeutics | 45 | (12) | (84) | 475% | 86% | 154% |
| Park Electrochemical | 28 | 41 | 28 | -32% | 46% | 0% |
| Seneca Foods | 18 | 23 | 75 | -22% | -69% | -76% |
| Hudson Highland Group | 16 | (3) | (49) | 633% | 94% | 133% |
| Progenics Pharmaceuticals | 10 | (70) | (31) | 114% | -126% | 132% |
| Tops Holding | 10 | (51) | (13) | 120% | -292% | 177% |
| Aeroflex Holding | 4 | (7) | (51) | 157% | 86% | 108% |
| Trans World Entertainment | 2 | (31) | (55) | 106% | 44% | 104% |
| IntraLinks Holdings | 0 | (14) | (43) | 100% | 67% | 100% |
| Total all 34 Smaller | 1,862 | 1,012 | 457 | 84% | 121% | 307% |
