These 71 Largest Missouri Corps filing with the SEC had Audited under US Generally Accepted Accounting Principles (US GAAP) Total After-tax Net Income from Continuing Operations of $10,387 mil in the most recent fiscal year 2011, which was an increase of $3,666 mil, or up a robust 55% above the $6,721 mil earned by these same companies just three years earlier in 2008, the last year of the Bush/Cheney Administration.
This 55% earnings growth in the most recent three years is particularly noteworthy because these Missouri Corps have shown their earnings resiliency in downturns. In the financial meltdown year of 2008, these 71 Missouri Corps only had their Total Earnings decline by 17% from 2007, a much lower earnings decline than so many of the other US States. Missouri's four largest earnings generators.....Emerson Electric, Monsanto, Express Scripts and Peabody Energy.....had their total earnings actually increase by 52% from 2007 to the financial meltdown year of 2008.
So if the question to be answered is whether, in the aggregate, these 71 Missouri 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 55% better, as earnings performance is measured by the prestigious US Accounting Profession.
But a second key story here is just what happened to the total earnings of these 71 Missouri Corps after the Obama Economic Stimulus totally kicked in on all cylinders during all of 2010. The Total Audited under US GAAP After-tax Net Income in 2009 of these 71 Missouri Corps increased by a huge 66% in 2010, which was the year that the Obama Economic Stimulus was clearly going full throttle.
Those pundits who so frequently and noisily state that the Obama Economic Stimulus was worthless are clearly off target, particularly so as it relates to how it dramatically improved the profits of so many businesses, both large and small.
The third key story here is just how strong these Missouri Corps are. After the Obama Economic Stimulus really took hold in 2010, the Total After-tax Earnings of these 71 Largest Missouri Corps was $11,144 mil, which was a substantial 38% higher than the pre-Great Recession Total Earnings high of these same companies in 2007 of $8,064 mil.
And the fourth key story here is how the earnings of these 71 Missouri Corps declined in both 2011 and in the first half of 2012, after the Tea Party election in November 2010. The Republican controlled US House, led by people like Eric Cantor and Missouri's Todd Akin, stopped cold every attempt at economic stimulus by the Obama Administration.
Missouri citizens should be very thankful to the Obama Administration, and also to Democratic Moderate Senator Claire McCaskill, for their work in providing an economic environment which permitted these fine Missouri Corps to thrive.
Below here is the Audited under US GAAP After-tax Net Income or Net Loss for each of these 71 Largest Missouri Corps for each of the most recent five fiscal years. The majority of these Missouri Corporations have a December Fiscal Year End (FYE). Charter Communication's Earnings numbers below are before Income Taxes, and in 2009, also before Net Reorganization Gain.
| 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 | |
| Missouri Corps | ||||||
| Emerson Electric | St Louis | 2,454 | 1,978 | 1,715 | 2,446 | 2,087 |
| Monsanto | St Louis | 1,657 | 1,111 | 2,105 | 2,027 | 925 |
| Express Scripts | St Louis | 1,276 | 1,205 | 827 | 776 | 598 |
| Peabody Energy | St Louis | 1,011 | 827 | 443 | 905 | 436 |
| Reinsurance Group | Chesterfield | 600 | 574 | 407 | 188 | 308 |
| O'Reilly Automotive | Springfield | 508 | 419 | 307 | 186 | 194 |
| Jones Financial Cos | St Louis | 482 | 393 | 269 | 385 | 561 |
| Sigma Aldrich | St Louis | 457 | 384 | 347 | 342 | 311 |
| Amdocs Ltd | Chesterfield | 347 | 344 | 326 | 379 | 365 |
| H&R Block | Kansas City | 346 | 393 | 455 | 453 | 389 |
| Kansas City Southern | Kansas City | 332 | 180 | 68 | 182 | 152 |
| Cerner | Kansas City | 307 | 237 | 193 | 189 | 127 |
| Solutia | St Louis | 267 | 91 | 66 | 2 | (277) |
| Energizer Holdings | St Louis | 261 | 403 | 298 | 329 | 321 |
| Commerce Bancshares | Kansas City | 256 | 222 | 169 | 189 | 207 |
| US Premium Beef LLC | Kansas City | 247 | 238 | 151 | 118 | 18 |
| Olin | Clayton | 242 | 65 | 136 | 158 | 101 |
| DST Systems | Kansas City | 178 | 318 | 242 | 243 | 875 |
| Leggett & Platt | Carthage | 156 | 184 | 121 | 128 | 65 |
| Jack Henry | Monett | 155 | 137 | 118 | 103 | 105 |
| Arch Coal | St Louis | 142 | 158 | 42 | 354 | 175 |
| Panera Bread | St Louis | 136 | 112 | 87 | 69 | 57 |
| Ralcorp | St Louis | 126 | 76 | 142 | 152 | 23 |
| Belden | St Louis | 115 | 69 | (7) | (317) | 136 |
| Centene | St Louis | 108 | 94 | 89 | 84 | 41 |
| UMB Financial | Kansas City | 106 | 91 | 89 | 98 | 74 |
| Entertainment Properties Trust | Kansas City | 103 | 117 | 35 | 127 | 98 |
| Stifel Financial | St Louis | 84 | 2 | 76 | 56 | 32 |
| Foresight Energy | St Louis | 82 | 50 | 14 | 44 | (35) |
| Graybar Electric | St Louis | 81 | 42 | 37 | 87 | 83 |
| Esco Technologies | St Louis | 53 | 45 | 49 | 48 | 31 |
| FutureFuel Corp | Clayton | 35 | 23 | 17 | 23 | 8 |
| Great Southern Bancorp | Springfield | 30 | 24 | 65 | (4) | 29 |
| Viasystems Group | St Louis | 30 | 16 | (55) | (15) | 8 |
| Aegion Corp | Chesterfield | 27 | 61 | 30 | 24 | 13 |
| Kansas City Life Insurance | Kansas City | 26 | 22 | 11 | (17) | 36 |
| Enterprise Financial | Clayton | 25 | 6 | (47) | 8 | 16 |
| Cass Information Systems | Bridgeton | 23 | 20 | 16 | 19 | 18 |
| Pioneer Financial Services | Kansas City | 17 | 17 | 13 | 8 | 1 |
| Young Innovations | Earth City | 16 | 15 | 13 | 12 | 13 |
| LMI Aerospace | St Charles | 16 | 13 | 10 | 15 | 13 |
| Perficient | St Louis | 11 | 6 | 1 | 10 | 16 |
| Southern Missouri Bancorp | Poplar Bluff | 10 | 11 | 5 | 4 | 4 |
| Brown Shoe | St Louis | 9 | 37 | 10 | (135) | 60 |
| Pulaski Financial | St Louis | 8 | 3 | 5 | 3 | 9 |
| Novation Companies | Kansas City | 7 | 986 | (183) | (683) | (467) |
| Thermadyne Holdings | Chesterfield | 7 | (9) | 1 | 11 | 11 |
| American Railcar Industries | St Charles | 4 | (27) | 15 | 31 | 37 |
| Armstrong Energy | St Louis | 3 | 8 | (10) | (21) | (14) |
| Zoltek Companies | St Louis | (4) | (6) | (4) | 7 | (2) |
| Katy Industries | Bridgeton | (9) | (9) | (6) | (19) | (14) |
| Centrue Financial | St Louis | (10) | (66) | (38) | 6 | 11 |
| Inergy LP | Kansas City | (11) | 46 | 108 | 63 | 139 |
| Bakers Footwear Group | St Louis | (11) | (9) | (9) | (15) | (18) |
| Huttig Building Products | St Louis | (13) | (19) | (20) | (35) | (8) |
| Pretium Packaging | Chesterfield | (16) | (24) | (5) | (6) | (9) |
| NASB Financial | Grandview | (16) | 6 | 19 | 9 | 15 |
| Isle of Capri Casinos | St Louis | (17) | 4 | 5 | 15 | (31) |
| Build a Bear Workshop | St Louis | (17) | 0 | (12) | 5 | 23 |
| Spartech | Clayton | (23) | (50) | 3 | (172) | 29 |
| First Banks | St Louis | (32) | (195) | (377) | (204) | 105 |
| Stereotaxis | St Louis | (32) | (20) | (27) | (44) | (48) |
| Reliance Bancshares | Frontenac | (34) | (49) | (29) | 0 | 2 |
| Furniture Brands Intl | St Louis | (44) | (39) | (109) | (416) | (51) |
| CPI Corp | St Louis | (57) | 12 | 14 | (7) | 4 |
| Charter Communications | St Louis | (70) | 58 | (2,072) | (2,550) | (1,318) |
| AMC Entertainment (Adjusted EBITDA per Co) | Kansas City | (82) | (123) | 77 | (91) | 42 |
| KV Pharmaceuticals | St Louis | (98) | (256) | (284) | (267) | (46) |
| Patriot Coal | St Louis | (115) | (48) | 127 | 143 | (102) |
| Post Holdings | St Louis | (361) | 92 | 101 | 86 | 117 |
| MEMC Electronic Materials | St Peters | (1,520) | 48 | (70) | 390 | 830 |
| Total all 71 Largest Missouri Corps | 10,387 | 11,144 | 6,725 | 6,721 | 8,064 | |
| Annual Increase (Decrease) | ||||||
| …..Amount | (757) | 4,419 | 4 | (1,343) | ||
| …..Percentage | -7% | 66% | 0% | -17% | ||
| Three Year (2008-11) Increase Under Obama/McCaskill | ||||||
| …..Amount | 3,666 | |||||
| …..Percentage | 55% | |||||
