US Big Conglomerate Corps 2012 Annual Earnings Up 10.6% and EPS Up a Higher 12.0%

I found 3 US Big Conglomerate Corps filing with the SEC which generated Non-GAAP Adjusted After-tax Net Income of over $1 bil each in either annual 2012 or annual 2011.  I am excluding here large Manufacturing Conglomerates such as 3M since it was included with the large Manufacturing Corps in an earlier post.

Non-GAAP Adjusted After-tax Net Income, which is generally used by the investment community to value common stocks, was used when this amount was disclosed in the company's earnings release, and it excludes Special, Unusual Items which are significant in amount relative to Reported GAAP Net Income.

How did these 3 US Big Conglomerate Corps do on the earnings front in 2012?  Very well.

The Total Non-GAAP Adjusted After-tax Net Income of these 3 US Big Conglomerate Corps was $29.6 bil in annual 2012, up a robust 10.6% over 2011.

And on an Earnings Per Share basis, the total growth was an even more robust 12.0%, due to largest earner General Electric having a huge common stock buyback program.

The huge GE had a very solid earnings year in 2012 and the exceptionally well run Berkshire Hathaway had a superb earnings year in 2012.

Below here is the Non-GAAP Adjusted After-tax Net Income for both annual 2012 and 2011 for each of these 3 US Conglomerate Corps:

							Non-GAAP
							EPS
				Non-GAAP	Non-GAAP		Growth
		Annual	Annual	Adjusted	Adjusted	Non-GAAP	Over
		2012	2011	Net	Net	Adjusted	Earnings
		Non-GAAP	Non-GAAP	Income	Income	EPS	Growth
		Adjusted	Adjusted	Increase	Increase	Increase	Positive
		Net	Net	(Decrease)	(Decrease)	(Decrease)	%
Company		Income	Income	Amount	%	%	Spread
		mils of $s	mils of $s	mils of $s
Conglomerates
General Electric		16,065	14,915	1,150	7.7%	10.1%	2.4%
Berkshire Hathaway		12,597	10,775	1,822	16.9%	16.8%	-0.1%
Loews		968	1,093	(125)	-11.4%	-9.3%	2.1%
Total of all 3		29,630	26,783	2,847	10.6%	12.0%	1.4%