Monday, October 8, 2012

Red State Alabama Audited Corporate Annual Earnings Up $6.4 Bil During Obama Administration

From an extensive review of SEC filings, I found 13 Corps headquartered in the Red State of Alabama with externally audited under US Generally Accepted Accounting Principles (US GAAP) After-tax Net Income or Net Loss from Continuing Operations of at least $50 mil in any of the most recent five fiscal years.

These 13 Largest Alabama Corps filing with the SEC generated Audited US GAAP Total After-tax Net Income from Continuing Operations of $1,672 mil in the most recent fiscal year 2011, which was an earnings improvement of a massive $6,355 mil above the Total After-tax Net Loss of $4,683 mil generated by these same 13 Largest Alabama companies just three years earlier in 2008, the last year of the Bush/Cheney Administration.

So if the question to be answered is whether, in the aggregate, these 13 Largest Alabama Corps are better off now than they were in the last year of the Bush/Cheney Administration, the answer is clearly yes, and by $6.4 bil better, as audited earnings performance is measured by the prestigious US Accounting Profession.

So it's not just the Blue States and Swing States which have had their largest and somewhat largest corporations generate very strong earnings improvement during the Obama Administration.   Corporations in all Red States, including Alabama, have done likewise.  This just shows that the Obama Administration has been evenhanded in focusing on creating an excellent US economic environment that have permitted businesses all throughout the country to prosper.

Below here is the Audited under US GAAP After-tax Net Income or Net Loss from Continuing Operations for each of these 13 Largest Alabama Corps for each of the most recent five fiscal years.  A clear majority of these 13 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
Alabama Largest Corps





Walter Energy Birmingham 349 389 142 231 98
Protective Life Birmingham 339 260 271 (42) 290
Proassurance Birmingham 287 232 222 178 168
Energen Birmingham 260 291 256 322 309
Healthsouth Birmingham 206 931 110 250 222
Regions Financial Birmingham 189 (468) (1,074) (5,649) 1,285
Adtran Huntsville 139 114 74 79 76
Hibbett Sports Birmingham 59 46 33 29 30
Infinity Property&Casualty Birmingham 42 92 71 19 72
Colonial Properties Trust Birmingham (18) (38) 12 (79) 274
BancTrust Financial Group Mobile (48) 4 (121) 1 6
Biocryst Pharmaceuticals Birmingham (57) (34) (13) (25) (29)
Vulcan Materials Birmingham (75) (103) 19 3 463







Total all 13 Largest Alabama Corps 1,672 1,716 2 (4,683) 3,264







Annual Increase (Decrease)





…..Amount
(44) 1,714 4,685 (7,947)
…..Percentage
-3% 85700% 100% -243%







Three Year Increase (2008-2011) Under Obama




…..Amount
6,355



…..Percentage
136%