Red State Alaska Audited Corporate Earnings Up 325% During Obama Administration

From an extensive review of SEC filings, I found 3 Corps headquartered in the Red State of Alaska, Red based on the present Presidential polls, with externally audited under US Generally Accepted Accounting Principles (US GAAP) After-tax Net Income or Net Loss from Continuing Operations of at least $10 mil in any of the most recent five fiscal years.

These 3 Largest Alaska Corps filing with the SEC generated Audited US GAAP Total After-tax Net Income from Continuing Operations of $18 mil in the most recent fiscal year 2011, which was an earnings improvement of $26 mil, or up 325% as compared with the Total After-tax Net Loss of $8 mil generated by these same 3 Largest Alaska 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 3 Largest Alaska Corps are better off now than they were in the last year of the Bush/Cheney Administration, the answer is yes, and by $26 mil better, or by 325% 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 excellent earnings growth during the Obama Administration.   Corporations in nearly all Red States, including Alaska, 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 3 Largest Alaska Corps for each of the most recent five fiscal years. 

		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
Alaska Largest Corps
NorthRim Bancorp	Anchorage	12	9	8	6	12
GCI	Anchorage	6	9	4	(3)	14
Alaska Communications System Group	Anchorage	0	(31)	(4)	(11)	144
Total all 3 Largest Alaska Corps		18	(13)	8	(8)	170
Annual Increase (Decrease)		31	(21)	16	(178)
Three Year Increase (2008-2011) Under Obama
…..Amount		26
…..Percentage		325%