These 21 Indianapolis Area
Corporations combined had an externally audited, under US generally
accepted accounting principles (US GAAP), Total After-tax Net Income of
$244.1 mil in 2008, the last year of the Bush/Cheney Administration, as
compared with an audited under US GAAP Total After-tax Net Income of
$9,156.7 mil in 2011, thus an after-tax profit improvement of a
staggering $8,912.6 mil, or of an off-the-charts 3,651% in the first 3
years of the Obama Administration. Yeah, that's just short of $9 bil of profit improvement. Whew!
Below here is a breakdown of these audited under US GAAP After-tax Earnings or Losses for each of the most recent five years for each of these 21 Indianapolis Area Corps filing with the SEC. Most of these companies 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 | |
| Indianapolis Area Corps | ||||||
| Eli Lilly | Indianapolis | 4,347.7 | 5,069.5 | 4,328.8 | (2,071.9) | 2,953.0 |
| WellPoint | Indianapolis | 2,646.7 | 2,887.1 | 4,745.9 | 2,490.7 | 3,345.4 |
| Simon Property Group | Indianapolis | 1,245.9 | 753.5 | 387.3 | 599.6 | 674.6 |
| CNO Financial Group | Carmel | 382.5 | 284.6 | 85.7 | (409.6) | (79.1) |
| ITT Educational Services | Carmel | 307.8 | 374.2 | 300.3 | 201.5 | 152.2 |
| Allison Transmission | Indianapolis | 103.0 | 29.6 | (323.9) | (328.1) | 41.5 |
| Finish Line | Indianapolis | 84.8 | 68.9 | 50.8 | 30.4 | (41.9) |
| hhgregg | Indianapolis | 81.4 | 48.2 | 39.2 | 36.5 | 21.4 |
| KAR Auction Services | Carmel | 72.2 | 69.6 | 23.2 | (216.2) | (38.3) |
| Brightpoint | Indianapolis | 47.9 | 38.8 | 40.8 | (325.5) | 46.2 |
| Calumet Specialty Products Partners | Indianapolis | 43.0 | 16.7 | 61.8 | 44.4 | 82.9 |
| Celadon Group | Indianapolis | 25.5 | 15.3 | 3.9 | 2.3 | 6.5 |
| Interactive Intelligence Group | Indianapolis | 14.8 | 14.9 | 8.6 | 4.3 | 17.5 |
| Hurco Companies | Indianapolis | 11.1 | (5.7) | (2.3) | 22.5 | 20.9 |
| National Bank Indianapolis | Indianapolis | 5.4 | 3.8 | 0.1 | 3.8 | 7.9 |
| Kite Realty Group Trust | Indianapolis | 5.4 | (9.2) | 4.9 | 10.2 | 13.9 |
| Duke Realty | Indianapolis | (4.0) | 38.7 | (240.2) | 89.0 | 169.8 |
| Baldwin & Lyons | Indianapolis | (28.2) | 25.0 | 44.8 | (7.7) | 55.1 |
| ExactTarget | Indianapolis | (35.4) | (12.1) | (2.0) | 3.6 | 2.5 |
| Angie's List | Indianapolis | (49.0) | (27.2) | (12.0) | (20.3) | (15.7) |
| Republic Airways | Indianapolis | (151.8) | (13.8) | 36.4 | 84.6 | 82.8 |
| Total all 21 Corps | 9,156.7 | 9,670.4 | 9,582.1 | 244.1 | 7,519.1 | |
| Annual Increase (Decrease) | ||||||
| …..Amount | (513.7) | 88.3 | 9,338.0 | (7,275.0) | ||
| …..Percentage | -5% | 1% | 3,825% | -97% | ||
Three Year (2008-11) Increase Under Obama/Daniels/Lugar |
||||||
| …..Amount | 8,912.6 | |||||
| …..Percentage | 3,651% | |||||
When you review the above earnings changes by year, the huge story here was what happened to the total earnings of these 21 stellar Indianapolis area companies when the financial meltdown hit in 2008, and when the Obama Economic Stimulus first started taking hold in the latter part of 2009.
The US GAAP Audited Total After-tax Net Income was $7,519 mil in 2007 for these 21 Indianapolis area companies. Then the financial meltdown and Great Recession/Near Depression hit and these total earnings plummeted to only $244 mil in 2008, down by a massive $7.3 bil, or by a staggering 97% in only one year.
But then the total earnings of these Indianapolis area companies drastically recuperated in 2009, going from only $244 mil in 2008 to $9,582 mil in 2009, an incredible $9.3 bil increase, or up 38 times in only one year. Whoa, now that's what I call a quick and massive earnings recovery!
When I think about it, it only makes sense that these stellar Indianapolis area companies had their earnings increase by a massive 38 times, or by $9.3 bil, from 2008 to 2009.
After all, when you have a Moderate Democratic President Obama working with very effective, financially savvy Republican Indiana Governor Mitch Daniels, with two Indiana US Senators who are willing to effectively work across the aisle.....Right of Center, Former Indianapolis Mayor and US Senate legend Republican Dick Lugar and Very Moderate Democrat Evan Bayh....., and also with hard-working, very effective, all very Moderate Indiana US House members like Joe Donnelly, Andre Carson, Peter Visclosky, Baron Hill and Brad Ellsworth, and they all have the same goal of fostering an economic environment where all Indiana businesses can thrive, it only makes sense that they will all be very successful in this effort.
And did these Indianapolis area businesses ever massively recuperate, and in a very short period of time.
This incredible earnings momentum in 2009 continued in 2010, where total earnings rose modestly.
Then the Uncompromising, Very Conservative Republicans took control of the US House in 2011, and there also was a reduction in the majority of Democrats controlling the US Senate. The end result was a 5% total earnings decline for these 21 Indianapolis area companies in 2011 as compared with 2010.
And then in the first half of 2012, these 21 Indianapolis area Corps had their total earnings drop even further, when the US House was still under Uncompromising, Very Conservative Republican control and when the US Senate had a reduced majority of Democrats.
