Non-GAAP Adjusted After-tax Net Income excludes special, unusual items and is generally used by the investment community to value common stocks. It was used below when this amount was disclosed in the company's earnings release and also was significant in amount relative to Reported GAAP Net Income.
How did they do?
Well, just fine, with Total 2012 Annual Non-GAAP Adjusted After-tax Net Income of $50.4 bil, up a very solid 8.6% over 2011. This 8.6% Total Earnings Growth of these 140 third top tier Non-Technology Corps and Partnerships with Earnings between $300 mil to $500 mil is very consistent with both the 8.8% Total Earnings Growth of the 237 top tier Corps and Partnerships with Earnings above $1 bil and the 8.4% Total Earnings Growth of the 136 second top tier Non-Technology Corps and Partnerships with Earnings between $500 mil and $1 bil.
Below here are these annual earnings of these 140 Third Biggest Non-Technology Corps and Partnerships for both 2012 and 2011:
| Non-GAAP | Non-GAAP | ||||
| Annual | Annual | Adjusted | Adjusted | ||
| 2012 | 2011 | Net | Net | ||
| Non-GAAP | Non-GAAP | Income | Income | ||
| Adjusted | Adjusted | Increase | Increase | ||
| Net | Net | (Decrease) | (Decrease) | ||
| Income | Income | Amount | % | ||
| Company | FYE | mils of $s | mils of $s | mils of $s | |
| Non-Technology Corps | |||||
| Newell Rubbermaid | Dec | 500 | 471 | 29 | 6.2% |
| Constellation Brands | Feb | 488 | 408 | 80 | 19.6% |
| PVH | Jan | 486 | 397 | 89 | 22.4% |
| FMC | Dec | 483 | 429 | 54 | 12.6% |
| Ball Corp | Dec | 483 | 460 | 23 | 5.0% |
| Herbalife Ltd | Dec | 477 | 413 | 64 | 15.5% |
| Darden Restaurants | May | 477 | 479 | (2) | -0.4% |
| Sigma Aldrich | Dec | 470 | 462 | 8 | 1.7% |
| Perrigo | Jun | 469 | 375 | 94 | 25.1% |
| Wyndham Worldwide | Dec | 469 | 414 | 55 | 13.3% |
| Whole Foods Market | Sep | 466 | 343 | 123 | 35.9% |
| Pioneer Natural Resources | Dec | 462 | 459 | 3 | 0.7% |
| Ametek | Dec | 459 | 385 | 74 | 19.2% |
| Timken | Dec | 456 | 454 | 2 | 0.4% |
| Oil States Intl | Dec | 449 | 322 | 127 | 39.4% |
| Assurant | Dec | 449 | 438 | 11 | 2.5% |
| Flowserve | Dec | 448 | 429 | 19 | 4.4% |
| Weatherford Intl | Dec | 447 | 342 | 105 | 30.7% |
| CH Robinson | Dec | 447 | 432 | 15 | 3.5% |
| Waters Corp | Dec | 439 | 444 | (5) | -1.1% |
| Owens Illinois | Dec | 438 | 404 | 34 | 8.4% |
| Albemarle | Dec | 436 | 446 | (10) | -2.2% |
| Ingredion | Dec | 435 | 366 | 69 | 18.9% |
| NASDAQ OMX Group | Dec | 432 | 455 | (23) | -5.1% |
| FMC Technologies | Dec | 430 | 400 | 30 | 7.5% |
| Varian Medical System | Sep | 427 | 409 | 18 | 4.4% |
| Alexion Pharmaceuticals | Dec | 425 | 266 | 159 | 59.8% |
| Family Dollar Stores | Aug | 422 | 388 | 34 | 8.8% |
| Fastenal | Dec | 421 | 358 | 63 | 17.6% |
| Southwest Airlines | Dec | 417 | 330 | 87 | 26.4% |
| Crown Holdings | Dec | 417 | 433 | (16) | -3.7% |
| Tiffany | Jan | 416 | 465 | (49) | -10.5% |
| Magellan Midstream Partners | Dec | 414 | 436 | (22) | -5.0% |
| CarMax | Feb | 414 | 377 | 37 | 9.8% |
| ADT | Sep | 411 | 393 | 18 | 4.6% |
| Enbridge Energy Partners | Dec | 410 | 465 | (55) | -11.8% |
| Universal Health Services | Dec | 408 | 392 | 16 | 4.1% |
| Energizer Holdings | Sep | 408 | 365 | 43 | 11.8% |
| McCormick | Nov | 408 | 374 | 34 | 9.1% |
| Reliance Steel | Dec | 404 | 344 | 60 | 17.4% |
| Warner Chilcott | Dec | 403 | 171 | 232 | 135.7% |
| GameStop | Jan | 403 | 405 | (2) | -0.5% |
| Henry Schein | Dec | 399 | 368 | 31 | 8.4% |
| Genworth Financial | Dec | 399 | 148 | 251 | 169.6% |
| CBRE Group | Dec | 399 | 335 | 64 | 19.1% |
| Legg Mason | Dec | 397 | 439 | (42) | -9.6% |
| American Capital Ltd | Dec | 397 | 448 | (51) | -11.4% |
| Whiting Petroleum | Dec | 394 | 456 | (62) | -13.6% |
| Cincinnati Financial | Dec | 393 | 119 | 274 | 230.3% |
| CareFusion | Dec | 390 | 379 | 11 | 2.9% |
| Petsmart | Jan | 390 | 290 | 100 | 34.5% |
| Concho Resources | Dec | 389 | 430 | (41) | -9.5% |
| Advance Auto Parts | Dec | 388 | 395 | (7) | -1.8% |
| Westlake Chemical | Dec | 386 | 259 | 127 | 49.0% |
| Beam | Dec | 386 | 335 | 51 | 15.2% |
| Green Mountain Coffee Roasters | Sep | 382 | 249 | 133 | 53.4% |
| Foot Locker | Jan | 380 | 281 | 99 | 35.2% |
| Jacobs Engineering | Sep | 379 | 331 | 48 | 14.5% |
| H&R Block | Dec | 377 | 393 | (16) | -4.1% |
| Kansas City Southern | Dec | 377 | 329 | 48 | 14.6% |
| HCC Insurance | Dec | 376 | 255 | 121 | 47.5% |
| Towers Watson | Jun | 376 | 331 | 45 | 13.6% |
| Dana Holding | Dec | 375 | 357 | 18 | 5.0% |
| WR Berkley | Dec | 374 | 310 | 64 | 20.6% |
| Hasbro | Dec | 371 | 374 | (3) | -0.8% |
| Hologic | Sep | 368 | 336 | 32 | 9.5% |
| Equifax | Dec | 364 | 312 | 52 | 16.7% |
| OneOK | Dec | 361 | 361 | 0 | 0.0% |
| Transdigm | Sep | 360 | 239 | 121 | 50.6% |
| Sirius XM Radio | Dec | 359 | 261 | 98 | 37.5% |
| Sensata Technologies | Dec | 357 | 356 | 1 | 0.3% |
| MetroPCS | Dec | 354 | 301 | 53 | 17.6% |
| BOK Financial | Dec | 351 | 286 | 65 | 22.7% |
| Arch Capital Group Ltd | Dec | 351 | 303 | 48 | 15.8% |
| Church & Dwight | Dec | 350 | 310 | 40 | 12.9% |
| ITT Exelis | Dec | 349 | 371 | (22) | -5.9% |
| KKR Financial Holdings | Dec | 348 | 318 | 30 | 9.4% |
| Fossil | Dec | 343 | 295 | 48 | 16.3% |
| Hatteras Financial | Dec | 342 | 284 | 58 | 20.4% |
| Monster Beverage | Dec | 340 | 286 | 54 | 18.9% |
| Alaska Air | Dec | 339 | 287 | 52 | 18.1% |
| RR Donnelley | Dec | 338 | 357 | (19) | -5.3% |
| Teradyne | Dec | 338 | 285 | 53 | 18.6% |
| Alliance Resource Partners | Dec | 336 | 389 | (53) | -13.6% |
| Raymond James Financial | Dec | 334 | 303 | 31 | 10.2% |
| Invesco Mortgage Partners | Dec | 334 | 282 | 52 | 18.4% |
| Expeditors Intl | Dec | 333 | 386 | (53) | -13.7% |
| Pall Corp | July | 330 | 286 | 44 | 15.4% |
| Xylem | Dec | 330 | 358 | (28) | -7.8% |
| Ultra Petroleum | Dec | 329 | 389 | (60) | -15.4% |
| Jarden | Dec | 329 | 304 | 25 | 8.2% |
| International Flavors & Fragrances | Dec | 328 | 306 | 22 | 7.2% |
| Rock-Tenn | Dec | 324 | 279 | 45 | 16.1% |
| KBR | Dec | 322 | 480 | (158) | -32.9% |
| Airgas | Mar | 322 | 286 | 36 | 12.6% |
| Community Health Systems | Dec | 319 | 302 | 17 | 5.6% |
| Dentsply | Dec | 319 | 291 | 28 | 9.6% |
| Dun & Bradstreet | Dec | 319 | 308 | 11 | 3.6% |
| Edwards Lifesciences | Dec | 318 | 241 | 77 | 32.0% |
| Dick's Sporting Goods | Jan | 318 | 254 | 64 | 25.2% |
| AutoNation | Dec | 317 | 284 | 33 | 11.6% |
| Weyerhaeuser | Dec | 316 | 178 | 138 | 77.5% |
| American Financial Group | Dec | 314 | 363 | (49) | -13.5% |
| Kennametal | Jun | 314 | 248 | 66 | 26.6% |
| Protective Life | Dec | 313 | 284 | 29 | 10.2% |
| Pentair | Dec | 313 | 241 | 72 | 29.9% |
| Equity Residential | Dec | 312 | 58 | 254 | 437.9% |
| Polaris Industries | Dec | 312 | 228 | 84 | 36.8% |
| Rockwood Holdings | Dec | 311 | 321 | (10) | -3.1% |
| Two Harbors Investment | Dec | 311 | 154 | 157 | 101.9% |
| URS | Dec | 311 | 274 | 37 | 13.5% |
| Valspar | Oct | 310 | 250 | 60 | 24.0% |
| JB Hunt Transport | Dec | 310 | 257 | 53 | 20.6% |
| Dillards | Jan | 309 | 229 | 80 | 34.9% |
| Mettler-Toledo Intl | Dec | 308 | 275 | 33 | 12.0% |
| Dolby Labs | Mar | 307 | 340 | (33) | -9.7% |
| Boardwalk Pipeline Partners | Dec | 306 | 217 | 89 | 41.0% |
| Snap-On | Dec | 306 | 265 | 41 | 15.5% |
| Ventas | Dec | 305 | 136 | 169 | 124.3% |
| United Therapeutics | Dec | 304 | 217 | 87 | 40.1% |
| WR Grace | Dec | 303 | 297 | 6 | 2.0% |
| Jefferies Group | Dec | 302 | 232 | 70 | 30.2% |
| CB&I | Dec | 302 | 255 | 47 | 18.4% |
| International Game Technology | Sep | 301 | 279 | 22 | 7.9% |
| Hubbell | Dec | 300 | 268 | 32 | 11.9% |
| Patterson UTI | Dec | 299 | 322 | (23) | -7.1% |
| MFA Financial | Dec | 299 | 308 | (9) | -2.9% |
| Linn Energy | Dec | 293 | 313 | (20) | -6.4% |
| WABCO Holdings | Dec | 292 | 326 | (34) | -10.4% |
| Alliant Techsystems | Mar | 291 | 335 | (44) | -13.1% |
| Weight Watchers | Dec | 253 | 305 | (52) | -17.0% |
| Hudson City Bancorp | Dec | 249 | 330 | (81) | -24.5% |
| Nabors Industries | Dec | 239 | 342 | (103) | -30.1% |
| QEP Resources | Dec | 228 | 316 | (88) | -27.8% |
| EQT | Dec | 224 | 329 | (105) | -31.9% |
| Kronos Worldwide | Dec | 219 | 321 | (102) | -31.8% |
| DeVry | Jun | 218 | 330 | (112) | -33.9% |
| Goodyear Tire & Rubber | Dec | 183 | 321 | (138) | -43.0% |
| ITT Educational | Dec | 140 | 308 | (168) | -54.5% |
| Walter Energy | Dec | 31 | 364 | (333) | -91.5% |
| Total all 140 | 50,428 | 46,421 | 4,007 | 8.6% |
It should be pointed out that the XM Sirius above earnings numbers were adjusted to exclude the change in the deferred tax valuation allowance impact on reported earnings as well as the loss on debt extinguishment, net of tax.
