The Total Audited 2013 Net Income from Continuing Operations of these 20 Iowa Companies was $2,855 mil, an increase of a very impressive 206% from the comparable earnings of $934 mil in 2009, which was the very low point of annual corporate profits due to the late 2008 financial meltdown.
This very robust earnings recovery for these 20 Iowa Companies from 2009 to the most recent 2013 occurred when the retiring Tom Harken was an Iowa Democratic US Senator and also when Democrats had a majority in the US Senate.
In addition, the Total Audited Earnings of these 20 Iowa Companies in 2013 were up 19% 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 19% of earnings.
Below here are the Audited Net Income (Loss) From Continuing Operations for each of these 20 Iowa Companies 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) | ||
| Iowa Company | HQs | $ 000s | $ 000s | $ 000s | % Change | % Change | |
| Principal Financial Group | Des Moines | Dec 13 | 936,100 | 564,800 | 864,300 | 66% | 8% |
| Rockwell Collins | Cedar Rapids | Sep 13 | 632,000 | 589,000 | 583,000 | 7% | 8% |
| American Equity Investment Life | West Des Moines | Dec 13 | 253,283 | 68,530 | 26,230 | 270% | 866% |
| Sauer Danfoss | Ames | Dec 12 | 212,078 | (332,254) | 68,760 | 164% | 208% |
| Renewable Energy Group | Ames | Dec 13 | 186,366 | (68,858) | 32,025 | 371% | 482% |
| Casey's General Stores | Ankeny | Apr 14 | 134,514 | 116,962 | 84,891 | 15% | 58% |
| Meredith Corp | Des Moines | Jun 14 | 113,541 | 105,634 | 134,743 | 7% | -16% |
| FBL Financial Group | West Des Moines | Dec 13 | 108,393 | 46,385 | 67,080 | 134% | 62% |
| United Fire Group | Cedar Rapids | Dec 13 | 76,140 | (10,441) | 111,392 | 829% | -32% |
| Heartland Express | North Liberty | Dec 13 | 70,582 | 56,949 | 76,170 | 24% | -7% |
| HNI Corp | Muscatine | Dec 13 | 63,369 | (1,598) | 123,482 | 4066% | -49% |
| EMC Insurance Group | Des Moines | Dec 13 | 43,519 | 44,657 | 42,296 | -3% | 3% |
| Heartland Financial USA | Dubuque | Dec 13 | 36,853 | 6,374 | 23,962 | 478% | 54% |
| Winnebago Industries | Forest City | Aug 13 | 31,953 | (78,766) | 41,564 | 141% | -23% |
| MidWest One Financial Group | Iowa City | Dec 13 | 18,607 | 2,087 | 6,648 | 792% | 180% |
| West Bancorporation | West Des Moines | Dec 13 | 16,891 | (5,051) | 18,352 | 434% | -8% |
| Flexsteel | Dubuque | Jun 14 | 14,990 | 10,801 | 4,236 | 39% | 254% |
| Ames National Corp | Ames | Dec 13 | 13,954 | 9,006 | 11,009 | 55% | 27% |
| NewLink Genetics | Ames | Dec 13 | (31,180) | (10,207) | (7,580) | -205% | 311% |
| Lee Enterprises | Davenport | Sep 13 | (76,478) | (180,197) | 81,397 | -58% | -194% |
| Total all 20 | 2,855,475 | 933,813 | 2,393,957 | 206% | 19% |
More details to come.
