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 $127.1 mil in 2009.
This off-the-charts earnings recovery for these Companies from 2009 to the most recent 2013 occurred when Mark Begich was an Alaska US Senator and also when Democrats had a majority in the US Senate.
In addition, the Total Audited Earnings of these 5 Companies in 2013 were up a truly remarkable 140% over the comparable earnings in 2007, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......they not only recouped the earnings they lost with the financial meltdown, but they also added another 140% of earnings.
Below here are the Audited Net Income (Loss) From Continuing Operations for each of these 4 Alaska Companies and of Alaska Air Group in 2013, in 2009 and in 2007, along with the related Net Income (Loss) Percentage Changes:
|Alaska Company||HQs||$ 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.