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 Footwear, Clothing and Accessories Corps do on the earnings front in 2012? Very well.
The Total Non-GAAP Adjusted After-tax Net Income of these 3 US companies increased a robust 10.5% over 2011.
And on an Earnings Per Share basis, the total growth was an even more robust 12.9%, due to the huge common stock buyback programs of two of these companies.
When you think about it, it is just amazing that these 3 US Big Footwear, Clothing and Accessories Corps generated 12.9% EPS growth in 2012, a Presidential election year where the US Congress was doing everything possible to substantially slow down the US economy, hoping that it would result in President Obama being defeated in the election.
Just think what the US economy and these Big Corps' earnings will do if the US Congress would start working with, instead of against, the Obama Administration.
Below here is the Non-GAAP Adjusted After-tax Net Income for both annual 2012 and 2011 for each of these 3 US Big Footwear, Clothing and Accessories Corps:
|mils of $s||mils of $s||mils of $s|
|Footwear, Clothing and Accessories|
|Total of all 3||4,340||3,927||413||10.5%||12.9%||2.4%|