These 17 Largest Louisiana Corps filing with the SEC generated Audited US GAAP Total After-tax Net Income from Continuing Operations of $986 mil in the most recent fiscal year 2011, which was an increase of a very robust 94% above the Total After-tax Net Income of $508 mil generated by these same 17 Largest Louisiana 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 17 Largest Louisiana Corps are better off now than they were in the last year of the Bush/Cheney Administration, the answer is yes, and by $478 mil better, or by 94% 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 growth during the Obama Administration. Corporations in nearly all Red States, including Louisiana, 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.
In focusing on the annual total earnings changes, these Louisiana companies had very healthy double-digit percentage total earnings growth in both 2009 and 2010, when both the US House and the US Senate were under Democratic control. However, these Louisiana companies experienced a double-digit percentage total earnings decline in 2011, after the November 2010 Tea Party election.
Below here is the Audited under US GAAP After-tax Net Income or Net Loss from Continuing Operations for each of these 17 Largest Louisiana Corps for each of the most recent five fiscal years. The clear majority of these 17 Corporations have a December Fiscal Year End (FYE).
|Net Income||Net Income||Net Income||Net Income||Net Income|
|HQs||mil $s||mil $s||mil $s||mil $s||mil $s|
|Louisiana Largest Corps|
|Superior Energy Services||Harvey||143||82||(102)||351||272|
|Energy Partners, Ltd||New Orleans||27||(8)||(57)||(52)||(80)|
|Lamar Advertising||Baton Rouge||9||(40)||(58)||2||41|
|H&E Equipment Services||Baton Rouge||9||(25)||(12)||43||65|
|Hornbeck Offshore Services||Covington||(3)||36||50||116||91|
|McMoRan Exploration||New Orleans||(7)||(117)||(205)||(211)||(64)|
|Edgen Murray II, LP||Baton Rouge||(25)||(98)||(21)||73||3|
|Shaw Group||Baton Rouge||(175)||82||13||141||(19)|
|Total all 17 Largest Louisiana Corps||986||1,799||859||508||1,804|
|Annual Increase (Decrease)|
|Three Year Increase (2008-2011) Under Obama|