These 82 Largest Colorado Corps filing with the SEC had Audited under US Generally Accepted Accounting Principles (US GAAP) Total After-tax Net Income of $9,956.6 mil in the most recent fiscal year 2011, which was a profit improvement of a massive $13,901.9 mil, or of an off-the-charts 353% above the $3,936.3 mil After-tax Net Loss generated by these same 82 companies just three years earlier in 2008, the last year of the Bush/Cheney Administration. Yeah, that's an incredible profit improvement of $13.9 bil in just the first three years of the Obama Administration.
So if the question to be answered is whether, in the aggregate, these 82 Colorado Largest Corps are better off now than they were in the last year of the Bush/Cheney Administration, the answer is clearly yes, and by $13.9 bil better, as earnings performance is measured by the prestigious US Accounting Profession.
But another salient story here relates to these 82 Colorado companies total earnings growth by year.
When the US House was under Democratic control, the total earnings growth of these 82 Colorado Corps in 2009 over 2008 was a spectacular 190%, and in 2010 over 2009 was an even more spectacular 233%. And after these two years of spectacular back-to-back total earnings growth, the Total After-tax Net Income of $11,766.7 mil of these 82 Largest Colorado Corps in 2010 was even 89% above the previous annual total earnings high of $6,231.3 mil earned by these same 82 companies in the pre-Great Recession year of 2007. Whew!
So what happened in 2011, when the Uncompromising, Very Conservative Republicans took control of the US House? Well, this total earnings growth of these 82 Colorado Corps reversed course, resulting in a significant total earnings decline of 15% in 2011 as compared with 2010.
This is why it is so critical to anyone who views the US economy as the key issue in this US election, to not just reelect Democratic Moderate Barack Obama, but to also vote to make sure that Democratic Moderates regain control of the US House.
So, why is it that the total earnings is so substantially lower in 2011 in Colorado, and in many other US States all over the country, when the US House was under Very Conservative Republican control, than it was in both 2009 and in 2010?
Well, this Very Conservative Republican US House has no interest in compromise. Thus, nearly every wise, much-needed Obama economic initiative was stopped by this US House, and also stopped by filibustering by US Senate Republicans.
And the losers here were not just the unemployed, the underemployed, the dwindling middle class, and the people trying to get into the middle class. US Businesses were also big losers, by either having their earnings growth substantially decelerate in 2011, or worse yet, having their total earnings decline in 2011. And this downward total earnings growth trend also continued in the first half of 2012.
Below here is the Audited under US GAAP After-tax Net Income or Net Loss for each of these 82 Largest Colorado Corps for each of the most recent five fiscal years. The overwhelming majority of these Corporations have a December Fiscal Year End (FYE).
| FYE | FYE | FYE | FYE | FYE | ||
| 2011 | 2010 | 2009 | 2008 | 2007 | ||
| Reported | Reported | Reported | Reported | Reported | ||
| Audited | Audited | Audited | Audited | Audited | ||
| After-Tax | After-Tax | After-Tax | After-Tax | After-Tax | ||
| Net Income | Net Income | Net Income | Net Income | Net Income | ||
| (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | ||
| HQs | mil $s | mil $s | mil $s | mil $s | mil $s | |
| Colorado Corps | ||||||
| DISH Network | Englewood | 1,515.6 | 984.7 | 635.4 | 902.9 | 756.1 |
| Western Union | Englewood | 1,165.4 | 909.9 | 848.8 | 919.0 | 857.3 |
| Discovery Communications | Englewood | 1,134.0 | 647.0 | 570.0 | 404.0 | 86.0 |
| Newmont Mining | Greenwood Village | 1,108.0 | 3,144.0 | 2,109.0 | 1,147.0 | (580.0) |
| Liberty Media | Englewood | 808.0 | 1,018.0 | 340.0 | (1,544.0) | 1,489.0 |
| Molson Coors Brewing | Denver | 674.8 | 670.3 | 732.2 | 403.0 | 525.0 |
| Arrow Electronics | Englewood | 599.3 | 479.6 | 123.5 | (613.6) | 411.5 |
| Liberty Interactive | Englewood | 587.0 | 836.0 | (37.0) | (2,289.0) | 1,959.0 |
| DaVita | Denver | 576.9 | 483.9 | 479.4 | 421.3 | 428.5 |
| Cimarex Energy | Denver | 529.9 | 574.8 | (311.9) | (915.2) | 345.3 |
| Whiting Petroleum | Denver | 491.6 | 336.7 | (106.9) | 252.1 | 130.6 |
| Ball Corp | Broomfield | 468.6 | 548.6 | 390.6 | 315.3 | 281.7 |
| Antero Resources Finance | Denver | 392.7 | 230.2 | (106.5) | 83.7 | (37.8) |
| Thompson Creek Metals | Littleton | 292.1 | 113.7 | (56.0) | 173.1 | 139.6 |
| QEP Resources | Denver | 270.4 | 285.9 | 215.4 | 520.6 | 361.6 |
| SM Energy | Denver | 215.4 | 196.8 | (99.4) | 87.3 | 187.1 |
| Chipotle Mexican Grill | Denver | 214.9 | 179.0 | 126.8 | 78.2 | 70.6 |
| Janus Capital | Denver | 153.4 | 168.6 | (744.1) | 147.0 | 213.7 |
| IHS | Englewood | 135.3 | 133.5 | 125.0 | 51.1 | 84.0 |
| Woodward | Denver | 132.2 | 111.2 | 94.4 | 121.9 | 98.2 |
| CH2M Hill | Englewood | 125.4 | 117.7 | 122.1 | 48.3 | 64.1 |
| DCP Midstream Partners | Denver | 119.2 | 71.6 | (2.4) | 189.4 | 39.8 |
| Molycorp | Greenwood Village | 118.3 | (50.8) | (28.6) | (14.1) | 0.0 |
| Croc's | Niwot | 112.8 | 67.7 | (42.1) | (185.1) | 168.2 |
| Intrepid Potash | Denver | 109.4 | 45.3 | 55.3 | 142.7 | 29.7 |
| MarkWest Energy | Denver | 106.2 | 31.1 | (113.4) | 204.8 | (34.5) |
| National CineMedia | Centennial | 100.6 | 109.1 | 101.3 | 71.0 | 83.7 |
| Forest Oil | Denver | 98.3 | 189.7 | (793.8) | (1,081.4) | 106.2 |
| Royal Gold | Denver | 98.3 | 77.3 | 29.4 | 41.4 | 25.4 |
| Teletech Holdings | Englewood | 78.3 | 53.5 | 75.6 | 77.3 | 55.8 |
| Venoco | Denver | 62.3 | 67.5 | (47.3) | (391.1) | (73.4) |
| Gold Resource | Colorado Springs | 60.1 | (23.1) | (34.1) | (26.0) | (8.1) |
| tw telecom | Littleton | 57.9 | 340.9 | 18.4 | (16.4) | (63.9) |
| Innospec | Littleton | 48.9 | 73.7 | 6.4 | 12.6 | 29.6 |
| Air Methods | Englewood | 46.6 | 42.8 | 26.9 | 16.5 | 26.7 |
| TransMontaigne Partners LP | Denver | 46.5 | 27.2 | 27.3 | 25.6 | 25.1 |
| CSG Systems | Englewood | 42.3 | 22.4 | 41.9 | 53.3 | 54.7 |
| Advanced Energy Industries | Ft Collins | 36.9 | 53.6 | (101.8) | (6.5) | 24.6 |
| Hallador Energy | Denver | 35.8 | 22.4 | 22.2 | 10.7 | (2.8) |
| Vail Resorts | Broomfield | 34.4 | 35.8 | 50.6 | 107.8 | 69.2 |
| Emergency Medical Service | Greenwood Village | 33.7 | 131.7 | 115.2 | 84.8 | 59.8 |
| Cobiz Financial | Denver | 33.5 | (22.4) | (83.4) | 1.7 | 23.3 |
| Bill Barrett Corp | Denver | 30.7 | 80.5 | 50.2 | 105.3 | 26.8 |
| Resolute Energy | Denver | 30.5 | 6.2 | (45.2) | 4.0 | 2.7 |
| UTE Energy Upstream Holdings | Denver | 21.4 | 11.7 | (4.0) | 0.7 | (4.2) |
| Red Robin Gourmet Burgers | Greenwood Village | 20.6 | 7.3 | 17.6 | 27.1 | 30.7 |
| Altegris Winton Futures Fund, LP | Evergreen | 20.1 | 59.6 | (32.9) | 32.1 | 12.9 |
| Einstein Noah Restaurant Group | Lakewood | 13.2 | 10.6 | 90.4 | 19.7 | 10.5 |
| Bonanza Creek Energy | Denver | 12.7 | 14.6 | (129.8) | 68.8 | (40.4) |
| Dynamic Materials | Boulder | 12.4 | 5.3 | 8.6 | 24.2 | 24.6 |
| Mesa Laboratories | Lakewood | 7.9 | 6.2 | 4.8 | 4.8 | 4.6 |
| Guaranty Bancorp | Denver | 6.4 | (31.3) | (29.2) | (256.7) | (138.1) |
| EchoStar | Englewood | 4.3 | 204.4 | 364.7 | (958.2) | (85.3) |
| PDC Energy | Denver | 3.1 | 6.0 | (80.1) | 105.8 | 26.1 |
| Penford | Centennial | (5.1) | (9.6) | (6.6) | (10.8) | 11.3 |
| BioFuel Energy | Denver | (10.4) | (25.2) | (19.7) | (84.1) | (7.4) |
| CoreSite Realty | Denver | (10.8) | (12.3) | (7.0) | (13.9) | 2.6 |
| American Midstream Partners | Denver | (11.7) | (8.6) | (12.3) | 2.7 | (9.0) |
| ADA-ES | Highlands Ranch | (11.9) | (11.9) | (9.5) | (4.8) | 0.2 |
| Hughes Satellite Systems | Englewood | (13.8) | 42.4 | (2.8) | (173.8) | NA |
| Recovery Energy | Denver | (18.8) | (19.7) | (29.9) | 0.0 | 0.0 |
| Dot Hill Systems | Longmont | (22.0) | (13.3) | (13.6) | (25.8) | (60.2) |
| MusclePharm | Denver | (23.3) | (19.6) | (1.9) | 0.0 | 0.0 |
| Array Biopharma | Boulder | (23.6) | (56.3) | (77.6) | (127.8) | (96.3) |
| StarTek | Denver | (26.5) | (19.4) | 0.0 | (9.7) | (3.2) |
| Digital Globe | Longmont | (28.1) | 2.5 | 47.4 | 53.8 | 95.8 |
| Ascent Capital Group | Englewood | (28.2) | (33.5) | (55.8) | (7.7) | 6.0 |
| Allos Therapeutics | Westminister | (30.5) | (77.4) | (73.6) | (51.7) | (39.4) |
| Birch Branch | Littleton | (32.1) | 7.0 | 15.8 | 6.7 | 3.2 |
| Magellan Petroleum | Denver | (32.4) | (1.5) | 0.7 | (8.9) | 0.4 |
| DCT Industrial Trust | Denver | (36.5) | (42.5) | (26.5) | (16.1) | (4.0) |
| Westmoreland Coal | Englewood | (36.9) | (3.2) | (29.2) | (48.6) | (13.2) |
| Gevo | Englewood | (48.2) | (40.1) | (19.9) | (14.5) | (7.2) |
| Ciber | Greenwood Village | (52.1) | (55.5) | 12.7 | 22.5 | 20.0 |
| Dividend Capital Diversified Property Fund | Denver | (75.6) | (7.8) | (47.6) | (184.1) | 10.4 |
| MDC Holdings | Denver | (98.4) | (64.8) | 24.7 | (380.5) | (636.9) |
| UDR | Highlands Ranch | (111.6) | (115.8) | (97.5) | (66.5) | 40.0 |
| Apartment Investment & Management | Denver | (142.1) | (163.5) | (197.5) | (117.9) | (49.7) |
| Berry Petroleum | Denver | (228.1) | 82.5 | 47.2 | 120.6 | 120.7 |
| Pilgrims Pride | Greeley | (495.7) | 90.3 | (152.3) | (991.0) | 51.6 |
| Liberty Global | Englewood | (807.5) | (953.7) | (99.8) | (694.0) | (442.5) |
| Level 3 Communications | Broomfield | (827.0) | (621.0) | (624.0) | (321.0) | (1,143.0) |
| Total all 82 Colorado Corps | 9,965.6 | 11,766.7 | 3,533.4 | (3,936.3) | 6,231.3 | |
| Annual Increase (Decrease) | ||||||
| …..Amount | (1,801.1) | 8,233.3 | 7,469.7 | (10,167.6) | ||
| …..Percentage | -15% | 233% | 190% | -163% | ||
| Three Year (2008-11) Increase Under Obama | ||||||
| …..Amount | 13,901.9 | |||||
| …..Percentage | 353% | |||||
