Monday, September 29, 2014

Indiana 22 Largest Company Audited 2013 Earnings Up 778% Over 2008

Since President Obama is visiting the Evansville, Ind area on this Friday October 3, 2014 and pretty consistently gets hammered by many Hoosiers about how he has seriously harmed Indiana businesses, I think it would be helpful to research how the 22 largest Indiana Companies with Market Capitalizations now of at least $1 bil each and with annual audited financial statements filed with the SEC covering all years from 2007 to 2013 have done on the earnings front before, during and after the late 2008 financial meltdown.

From a review of their SEC filings, the Total Audited Net Income from Continuing Operations of these 22 largest Indiana Companies were $13.62 bil in the Most Recent Year 2013, a massive 8.8 times the comparable financial meltdown year earnings in 2008 of $1.55 bil.

In addition, the Total Audited Earnings of these 22 largest Indiana Companies in 2013 of $13.62 bil were up an impressive 38% over the comparable earnings in 2007 of $9.88 bil, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......these Indiana Companies not only recouped the earnings they lost with the financial meltdown, but they also added another 38% of earnings.   

This off-the-charts spectacular earnings recovery for these 22 largest Indiana Companies from 2008 to the most recent 2013 occurred when the US Senate was under Democratic control and also when Barack Obama was US President.  The US financial meltdown occurred in late 2008, in George W. Bush's last year as US President.

Given the above annual earnings history, it only makes sense to me that the earnings in the next two years of Indiana Companies, and also frankly of all US Companies in all industries, have a much better chance of being much higher under a US Senate controlled by the Democrats than by the Republicans.

Below here are the Audited Net Income (Losses) of each of these 22 largest Indiana Companies for 2013, 2008 and 2007:

2013 2008 2007



Audited Audited Audited


Most Net Net Net


Recent Income Income Income


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





Eli Lilly Indianapolis Dec 13               4,685            (2,072)               2,953
WellPoint Indianapolis Dec 13               2,634               2,491               3,345
Cummins Columbus Dec 13               1,588                  818                  788
Simon Property Group Indianapolis Dec 13               1,552                  600                  675
Zimmer Holdings Warsaw Dec 13                  759                  850                  774
Mead Johnson Nutrition Evansville Dec 13                  655                  401                  430
CNO Financial Group Carmel Dec 13                  478                (410)                  (79)
Thor Industries Elkhart Jul 14                  179                     17                     93
Allison Transmission Indianapolis Dec 13                  165                (328)                     42
Steel Dynamics Fort Wayne Dec 13                  164                  455                  394
Hill-Rom Holdings Batesville Sep 13                  105                     67                     70
Old National Bancorp Evansville Dec 13                  101                     62                     75
Springleaf Holdings Evansville Dec 13                     94            (1,346)                  112
Franklin Electric Fort Wayne Dec 13                     83                     45                     29
Finish Line Indianapolis Feb 14                     75                       4                  (61)
KAR Holdings Carmel Dec 13                     68                (216)                  (38)
Hillenbrand Batesville Sep 13                     65                     93                  100
Duke Realty Indianapolis Dec 13                     62                     92                  164
Berry Plastics Group Evansville Sep 13                     57                (138)                (128)
Drew Industries Elkhart Dec 13                     50                     12                     40
Calumet Specialty Product Partners LP Indianapolis Dec 13                       4                     44                     83
Kite Realty Group Trust Indianapolis Dec 13                     (1)                     10                     14






Total all 22

           13,622               1,551               9,875




       
% Increases in Annual Earnings




…..2013 over 2008

778%

…..2013 over 2007

38%







 



More details to come.
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