Tuesday, September 23, 2014

Alaska Company 2013 Audited Profits Up 3,534% Over 2009

Since the US Senate Race in Alaska is heating up, I think it would be helpful to research how the 4 Alaska Headquartered Companies with Market Capitalizations now or when they were recently sold above $10 mil each and with annual audited financial statements filed with the SEC in 2013, in 2009 and in 2007 have done on the earnings front.

The Total Audited 2013 Net Income from Continuing Operations of these 4 Alaska Companies was $200.8 mil, an increase of a truly phenomenal off-the-charts 3,534% from the comparable earnings of only $5.5 mil in 2009, which was the very low point of annual corporate profits due to the late 2008 financial meltdown.

When I also add in Alaska Air Group, which is Seattle, WA Headquartered but has very substantial operations in Alaska, the Total Audited Net Income from Continuing Operations for 2013 for these 5 Companies grows to $708.8 mil, which is a still phenomenal increase of 458% from the comparable earnings of $127.1 mil in 2009.

This off-the-charts earnings recovery for these Companies from 2009 to the most recent 2013 occurred when Mark Begich was an Alaska US Senator and also when Democrats had a majority in the US Senate.

In addition, the Total Audited Earnings of these 5 Companies in 2013 were up a truly remarkable 140% over the comparable earnings in 2007, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......they not only recouped the earnings they lost with the financial meltdown, but they also added another 140% of earnings.  

Below here are the Audited Net Income (Loss) From Continuing Operations for each of these 4 Alaska Companies and of Alaska Air Group in 2013, in 2009 and in 2007, along with the related Net Income (Loss) Percentage Changes:






2013 2013






vs vs



2013 2009 2007 2009 2007



Audited Audited Audited Audited Audited


Most Net Net Net Net Net


Recent Income Income Income Income Income


FYE (Loss) (Loss) (Loss) (Loss) (Loss)
Alaska Company HQs
 $ 000s  $ 000s  $ 000s % Change % Change








Alaska Communications Anchorage Dec 13        156,381          (3,569)        144,050 4482% 9%
General Communication Anchorage Dec 13          31,727            3,172          13,697 900% 132%
Northrim Bancorp Anchorage Dec 13          12,412            8,115          11,948 53% 4%
Alaska Pacific Bancshares Juneau Dec 13                329          (2,191)                922 115% -64%








Total all 4 Alaska Companies

       200,849            5,527        170,617 3534% 18%








Alaska Air Group Seattle Dec 13        508,000        121,600        124,300 318% 309%








Total all 5

       708,849        127,127        294,917 458% 140%




More details to come.