These 15 Largest Utah Corps filing with the SEC generated Audited US GAAP Total After-tax Net Income from Continuing Operations of $1,627 mil in the most recent fiscal year 2011, which was an increase of a robust 74% above the Total After-tax Net Income of $937 mil generated by these same 15 Largest Utah 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 15 Largest Utah Corps are better off now than they were in the last year of the Bush/Cheney Administration, the answer is yes, and by $690 mil better, or by 74% 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 Utah, 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 15 Largest Utah Corps for each of the most recent five fiscal years. A clear majority of these 15 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 | ||
Utah | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | |
HQs | mil $s | mil $s | mil $s | mil $s | mil $s | |
Utah Largest Corps | ||||||
Autoliv | Ogden | 627 | 596 | 13 | 172 | 296 |
Zions Bancorp | Salt Lake City | 323 | (296) | (1,222) | (271) | 502 |
Huntsman | Salt Lake City | 251 | (9) | 125 | 512 | 61 |
Questar | Salt Lake City | 208 | 192 | 181 | 172 | 146 |
Nu Skin Enterprises | Provo | 153 | 136 | 90 | 65 | 44 |
Northwest Pipeline GP | Salt Lake City | 153 | 149 | 154 | 155 | 185 |
Myriad Genetics | Salt Lake City | 112 | 101 | 152 | 136 | 74 |
Ancestry.com | Provo | 63 | 37 | 21 | 2 | 6 |
Extra Space Storage | Salt Lake City | 58 | 33 | 39 | 43 | 35 |
USANA Health Sciences | Salt Lake City | 51 | 46 | 34 | 30 | 46 |
Lifevantage | Sandy | 12 | (51) | (11) | (9) | (2) |
SkyWest | St George | (27) | 96 | 84 | 113 | 159 |
FX Energy | Salt Lake City | (29) | (1) | (1) | (55) | (12) |
Headwaters | South Jordan | (134) | (21) | (415) | (175) | 21 |
EnergySolutions | Salt Lake City | (194) | (20) | 52 | 47 | (9) |
Total all 15 Largest Utah Corps | 1,627 | 988 | (704) | 937 | 1,552 | |
Annual Increase (Decrease) | ||||||
…..Amount | 639 | 1,692 | (1,641) | (615) | ||
…..Percentage | 65% | 240% | -175% | -40% | ||
Three Year Increase (2008-2011) Under Obama | ||||||
…..Amount | 690 | |||||
…..Percentage | 74% |