Monday, October 8, 2012

Red State Oklahoma 21 Largest Corps Audited Annual Earnings Improve By $13 Bil During Obama Administration

From an extensive review of SEC filings, I found 21 Corps headquartered in the Red State of Oklahoma with externally audited under US Generally Accepted Accounting Principles (US GAAP) After-tax Net Income or Net Loss from Continuing Operations of at least $100 mil in any of the most recent five fiscal years.

These 21 Largest Oklahoma Corps filing with the SEC generated Audited US GAAP Total After-tax Net Income from Continuing Operations of an impressive $8,785 mil in the most recent fiscal year 2011, which was an earnings improvement of a massive $13,142 mil above the Total After-tax Net Loss of $4,357 mil generated by these same 21 Largest Oklahoma 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 21 Largest Oklahoma Corps are better off now than they were in the last year of the Bush/Cheney Administration, the answer is clearly yes, and by $13.1 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 Oklahoma, 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 21 Largest Oklahoma Corps for each of the most recent five fiscal years.  A huge majority of these 21 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
Oklahoma Largest Corps





Oil and Gas Corps





Devon Energy Oklahoma City 2,134 2,333 (2,753) (3,039) 2,485
Chesapeake Energy Oklahoma City 1,757 1,774 (5,805) 604 1,455
Williams Companies Tulsa 1,078 271 346 682 677
OneOK Tulsa 758 540 484 595 493
Helmerich & Payne Tulsa 435 286 381 420 416
Continental Resources Enid 429 168 71 321 29
Magellan Midstream Partners Tulsa 414 312 226 330 231
Atlas Pipeline Partners Tulsa 295 (41) (21) (511) (117)
Unit Corp Tulsa 196 146 (56) 144 266
Sandridge Energy Oklahoma City 162 195 (1,773) (1,440) 50
GulfPort Energy Oklahoma City 108 47 24 (185) 38
Laredo Petroleum Tulsa 106 86 (184) (192) (6)
Chaparral Energy Oklahoma City 42 34 (151) (56) (6)
Rose Rock Midstream LP Tulsa 23 23 34 (994) (394)
PostRock Energy Oklahoma City 20 57 (292) (240) (47)
SemGroup Tulsa 3 (135) (35) (1,399) (362)
WPX Energy Tulsa (272) (1,275) 147 815 191







Non-Oil and Gas Corps





Alliance Resource Partners Tulsa 389 321 192 135 170
BOK Financial Tulsa 289 248 204 146 221
Tronox Oklahoma City 259 149 (19) (146) NA
Dollar Thrifty Tulsa 160 131 45 (347) 1







Total all 21 Largest Oklahoma Corps 8,785 5,670 (8,935) (4,357) 5,791







Annual Increase (Decrease)





…..Amount
3,115 14,605 (4,578) (10,148)
…..Percentage
55% 163% -105% -175%







Three Year Increase (2008-2011) Under Obama




…..Amount
13,142



…..Percentage
302%