Monday, September 29, 2014

Illinois 55 Largest Company Audited Profits Were $111 bil in 2 Years 2012 and 2013 vs $40 bil in 2 Years 2008 and 2009

Since the Illinois Governors Race is heating up and also since President Barack Obama is campaigning for Illinois Governor Pat Quinn in the middle of this week, I think it would be helpful to research how the 55 Illinois Companies with Market Capitalizations now of at least $3 bil each and with annual audited financial statements filed with the SEC covering all years from 2008 to 2013 have done on the earnings front before, during and after the 2008 US financial meltdown.

After the disastrous 2008 financial meltdown to the present date, Democrat Pat Quinn was the Illinois State Governor.

These 55 largest Illinois Companies include the combined Abbott Labs and AbbVie, both of which resulted from the recent Abbott Labs spinoff.  In like manner, these 55 also include Mondelez, Intl. and Kraft Foods Group, also resulting from the recent Kraft Foods spinoff.  Accenture is also included in the 55 below below since it has such substantial operations in the Chicago area, even though it legally is headquartered overseas primarily for income tax reasons.  And the large HSBC Finance Corp, headquartered in the Chicago area, is also included in the 55 below even though its common stock doesn't trade, but because it files its financial statements with the SEC since it has both publicly-traded Preferred Stock and many publicly-traded Notes and also since its Total Stockholders' Equity exceeds $6.6 bil.

The Total Audited Net Income from Continuing Operations of these 55 largest Illinois Companies for the 2 Most Recent Years 2012 and 2013 totaled a massive $111 bil, an increase of a spectacular 178% over the $40 bil comparable total earnings for the 2 Years 2008 and 2009.

In addition, the Total Audited Earnings of these 55 largest Illinois Companies in 2013 of $60.7 bil were up a very impressive 65% over the comparable earnings in 2007 of $36.8 bil, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......these Illinois Companies not only recouped the earnings they lost with the financial meltdown, but they also added another incredibly high 65% of earnings.

This incredibly off-the-charts earnings recovery for these 55 largest Illinois Companies from 2008-2009 to the most recent 2013 occurred when Democrat Pat Quinn was the Illinois Governor and also when Democrats had a majority in the US Senate, Illinois US Senator Dick Durbin was the US Democratic Senate Whip and so many of the Illinois US House of Representatives were Democrats.

Below here are the Audited Net Income (Losses) of each of these 55 largest Illinois Companies for each of the following six years: 2013, 2012, 2011, 2009, 2008 and 2007:

2013 2012 2011 2009 2008 2007



Audited Audited Audited Audited Audited Audited


Most Net Net Net Net Net Net


Recent Income Income Income Income Income Income


FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Illinois Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s








Abbott Labs&AbbVie Combined Abbott Park & North Chicago Dec 13               6,511               5,963               4,728          5,746          4,734          3,606
McDonald's Oak Brook Dec 13               5,586               5,465               5,503          4,551          4,313          2,335
Mondelez&Kraft Foods Combined Deerfield&Northfield Dec 13               4,747               3,248               3,547          2,810          1,678          2,343
Boeing Chicago Dec 13               4,586               3,903               4,011          1,335          2,654          4,058
Caterpillar Peoria Dec 13               3,803               5,722               4,981              827          3,585          3,578
Accenture Chicago Aug 13               3,555               2,825               2,553          1,938          2,197          1,723
Deere Moline Oct 13               3,538               3,072               2,808              874          2,053          1,822
Discover Financial Services Riverwoods Dec 13               2,470               2,345               2,227          1,276          1,063              964
Walgreen Co Deerfield Aug 13               2,450               2,127               2,714          2,006          2,157          2,041
Allstate Northbrook Dec 13               2,280               2,306                  787              854        (1,679)          4,636
Baxter Intl Deerfield Dec 13               2,012               2,326               2,256          2,215          2,025          1,721
Illinois Tool Works Glenview Dec 13               1,630               2,233               1,775              969          1,691          1,828
CF Industries Deerfield Dec 13               1,533               1,923               1,761              449              802              427
Archer Daniels Midland Decatur Dec 13               1,354               1,392               1,242          1,688          1,786          2,162
Motorola Solutions Schaumburg Dec 13               1,105                  878                  741              (88)        (4,240)              (91)
CME Group Chicago Dec 13                  978                  907               1,814              826              716              659
Dover Downers Grove Dec 13                  966                  833                  773              372              695              670
CNA Financial Chicago Dec 13                  937                  628                  629              483           (251)              905
WW Grainger Lake Forest Dec 13                  808                  699                  666              431              475              420
Brunswick Lake Forest Dec 13                  775                  147                     91           (586)           (788)                80
Northern Trust Chicago Dec 13                  731                  687                  604              864              795              727
HSBS Finance Corp Mettawa Dec 13                  713            (2,405)            (2,326)        (7,450)        (2,751)        (4,378)
Mead Johnson Nutrition Glenview Dec 13                  655                  612                  519              411              401              430
United Continental Chicago Dec 13                  571                (723)                  840           (651)        (5,396)              360
Ventas Chicago Dec 13                  490                  307                  361              198              178              138
Old Republic Intl Chicago Dec 13                  448                  (69)                (141)              (99)           (558)              272
Packaging Corp America Lake Forest Dec 13                  436                  164                  158              266              136              170
Ingredion Inc Westchester Dec 13                  403                  434                  423                47              275              203
Beam Suntory Inc Deerfield Dec 13                  366                  403                  120              247                93              774
Stericycle Lake Forest Dec 13                  313                  270                  237              176              149              119
LKQ Corp Chicago Dec 13                  312                  261                  210              127                97                64
General Growth Properties Chicago Dec 13                  307                (462)                (194)           (527)              (78)              295
Catamaran Lisle Dec 13                  299                  121                     92                46                15                13
Jones Lang LaSalle Chicago Dec 13                  273                  209                  166                (3)                87              260
Arthur J Gallagher Itasca Dec 13                  269                  195                  144              133              111              155
IDEX Corp Lake Forest Dec 13                  255                     38                  194              113              127              154
Molex Lisle Jun 13                  244                  281                  299           (321)              215              241
Tenneco Lake Forest Dec 13                  222                  304                  183              (54)           (405)                  5
RR Donnelley & Sons Chicago Dec 13                  218                (654)                (121)              (21)           (185)              (45)
Hillshire Brands Chicago Jun 14                  212                  184                  (20)              642              225           (276)
Hyatt Hotels Chicago Dec 13                  205                     87                  111              (45)              114              266
Ulta Salon, Cosmetics & Fragrances Bolingbrook Jan 14                  203                  173                  120                39                25                25
CBOE Holdings Chicago Dec 13                  176                  157                  139              106              115                83
Aptar Group Crystal Lake Dec 13                  172                  162                  184              125              154              139
Middleby Elgin Dec 13                  154                  121                     95                61                64                53
Zebra Technologies Lincolnshire Dec 13                  134                  122                  130                47              (38)              110
CDW Corp Vernon Hills Dec 13                  133                  119                     17           (373)        (1,765)              134
Morningstar Chicago Dec 13                  123                  103                     98                82                93                74
Treehouse Foods Oak Brook Dec 13                     87                     88                     94                81                29                42
Equity LifeStyle Properties Chicago Dec 13                     77                     64                     42                51                39                44
Akorn Lake Forest Dec 13                     52                     35                     43              (25)                (8)              (19)
USG Corp Chicago Dec 13                     48                (182)                (396)           (787)           (463)                77
Hospira Lake Forest Dec 13                     (8)                     44                     (9)              404              321              137
Retail Properties America Oak Brook Dec 13                  (43)                  (14)                  (71)           (135)           (689)                  2
Equity Residential Chicago Dec 13                (168)                  160                  (73)                28              (13)                21









Total all 55

           60,706            50,338            47,879        22,779        17,175        36,756







Two Year Totals







…..2012 and 2013

111,044




…..2008 and 2009

39,954




…..% Increase

178%













% Increase 2013 over 2007

65%











More details to come.
Posted by at