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.