These 32 Largest Nevada Corps had Audited under US Generally Accepted Accounting Principles (US GAAP) Total After-tax Net Income of $10.2 bil in the most recent fiscal year 2011, when Harry Reid was a Democratic Nevada US Senator and Shelley Berkley was a Democratic Nevada US House member. This was a massive earnings improvement of $22.9 bil as compared with the $12.7 bil Net Loss generated just three years earlier in 2008, the last year of the Bush/Cheney Administration, and also when John Ensign was a Republican Nevada US Senator and Dean Heller was a Republican Nevada US House member.
So if the question to be answered is whether, in the aggregate, these 32 Nevada Largest Corps are better off now than they were in the last year of the Bush/Cheney Administration, the answer is clearly yes, and substantially so to the tune of $22.9 bil better, as earnings performance is measured by the prestigious US Accounting Profession.
Clearly, the best combination for a US economy under much stress is a Moderate Democratic President, a Moderate Democratic US House, and a Moderate Democratic US Senate, all of whom are very willing to work across the aisle to achieve the overall best results for all US citizens.
Below here is the Audited under US GAAP After-tax Net Income or Net Loss for each of these 32 Largest Nevada Corps for each of the most recent four fiscal years. The overwhelming majority of these Corporations have a December Fiscal Year End (FYE).
FYE | FYE | FYE | FYE | ||
2011 | 2010 | 2009 | 2008 | ||
Reported | Reported | Reported | Reported | ||
Audited | Audited | Audited | Audited | ||
After-Tax | After-Tax | After-Tax | After-Tax | ||
Net Income | Net Income | Net Income | Net Income | ||
(Loss) | (Loss) | (Loss) | (Loss) | ||
HQs | mil $s | mil $s | mil $s | mil $s | |
Nevada Corps | |||||
Corps With Major Reorganizations | |||||
Station Casinos | Las Vegas | 3,963 | (657) | (1,697) | (3,292) |
Riviera Holdings | Las Vegas | 64 | (24) | (25) | (12) |
Affinity Gaming | Las Vegas | 7 | 386 | (60) | (204) |
Tropicana Entertainment | Las Vegas | (3) | 4,372 | (195) | (3,133) |
Remaining 28 Corps | |||||
MGM Resorts | Las Vegas | 3,235 | (1,437) | (1,292) | (922) |
Las Vegas Sands | Las Vegas | 1,883 | 782 | (369) | (168) |
Wynn Resorts | Las Vegas | 825 | 317 | 39 | 210 |
John Deere Capital | Reno | 364 | 319 | 149 | 282 |
Intl Game Technology | Las Vegas | 292 | 220 | 149 | 336 |
Amerco | Reno | 205 | 184 | 66 | 13 |
PDL Biopharma | Incline Village | 199 | 92 | 190 | 238 |
Bally Technologies | Las Vegas | 101 | 98 | 110 | 120 |
Allegiant Travel | Las Vegas | 49 | 66 | 76 | 35 |
Spectrum Pharmaceuticals | Henderson | 49 | (49) | (20) | (17) |
Employers Holdings | Reno | 48 | 63 | 83 | 102 |
Allied Nevada Gold | Reno | 37 | 34 | 8 | (80) |
Shuffle Master | Las Vegas | 32 | 23 | 15 | (15) |
Pinnacle Entertainment | Las Vegas | 30 | (41) | (63) | (206) |
Full House Resorts | Las Vegas | 13 | 18 | 6 | 2 |
Diamond Resorts | Las Vegas | 10 | (19) | (21) | (89) |
Global Cash Access Holdings | Las Vegas | 9 | 18 | 34 | 27 |
Ameristar Casino | Las Vegas | 7 | 9 | (5) | (131) |
Monarch Casino & Resort | Reno | 6 | 8 | 5 | 10 |
Vestin Realty Mortgage I | Las Vegas | (1) | (3) | (12) | (22) |
Vestin Realty Mortgage II | Las Vegas | (1) | (17) | (30) | (130) |
Livedeal | Las Vegas | (5) | (9) | (14) | (1) |
Cord Blood America | Las Vegas | (7) | (8) | (10) | (7) |
Boyd Gaming | Las Vegas | (8) | 12 | 4 | (223) |
American Casino & Entertainment Properties | Las Vegas | (20) | (37) | (22) | (37) |
Altair Nanotechnologies | Reno | (20) | (22) | (20) | (29) |
CityCenter Holdings | Las Vegas | (502) | (1,115) | (522) | (68) |
Caesars Entertainment | Las Vegas | (667) | (823) | 846 | (5,274) |
Total Remaining 28 Largest Nevada Corps | 6,163 | (1,317) | (620) | (6,044) | |
Grand Total all 32 Largest Nevada Corps | 10,194 | 2,760 | (2,597) | (12,685) | |
Three Year (2008-11) Increase Under Obama/Reid/Berkley | |||||
…..Amount | 22,879 |