In the case of Kansas, I used Pretax Income or Pretax Loss rather than After-tax Net Income or After-tax Net Loss since Sprint Nextel dominates in Kansas, and it had annual Income Tax Benefits and Income Tax Expenses recorded which were very unusual in the most recent five years. Thus by using Pretax Income and Pretax Loss, the earnings and loss information below is much more meaningful in evaluating how these Kansas Corps performed during the Obama Administration.
These 11 Largest Kansas Corps filing with the SEC generated Audited US GAAP Total Pretax Loss from Continuing Operations of $1,772 mil in the most recent fiscal year 2011, which was a total loss reduction of $1,767 mil, or a percentage total loss reduction of 50% from the Total Pretax Loss of $3,539 mil generated by these same 11 Largest Kansas 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 11 Largest Kansas Corps are better off now than they were in the last year of the Bush/Cheney Administration, the answer is clearly yes, and by $1.8 bil better, or by 50% better, on a Pretax basis, as audited pretax 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 profit improvement during the Obama Administration. Corporations in nearly all Red States, including Kansas, 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 Pretax Income or Pretax Loss from Continuing Operations for each of these 11 Largest Kansas Corps for each of the most recent five fiscal years. A clear majority of these 11 Corporations have a December Fiscal Year End (FYE).
|mil $s||mil $s||mil $s||mil $s||mil $s|
|Kansas Largest Corps|
|Waddell & Reed||Overland Park||283||246||162||156||199|
|Compass Minerals||Overland Park||197||195||237||227||80|
|Capitol Federal Financial||Topeka||57||105||105||80||53|
|YRC Worldwide||Overland Park||(362)||(401)||(889)||(1,002)||(655)|
|Sprint Nextel||Overland Park||(2,636)||(3,299)||(3,494)||(4,060)||(29,775)|
|Total all 11 Largest Kansas Corps||(1,772)||(2,093)||(3,065)||(3,539)||(28,367)|
|Annual Total Pretax Loss Reduction|
|Three Year Total Pretax Loss Reduction (2008-2011) Under Obama|