Tuesday, September 30, 2014

Massachusetts 26 Largest Technology and Health Care Company Audited 2013 Earnings Up 933% Over 2009

When you think Massachusetts Businesses, the so many outstanding research centers there for High Technology and Health Care come top of mind.  And since First Lady Michelle Obama is visiting Boston, MA on this Friday October 3, 2014 in a fundraiser for Democratic Massachusetts Governor candidate Martha Oakley, I think it would be helpful to research how the 26 largest Massachusetts High Technology and Health Care 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 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 26 largest Massachusetts Technology and Health Care Companies were $8.326 bil in the Most Recent Year 2013, a massive 10.3 times the comparable financial meltdown aftermath year earnings in 2009 of $0.806 bil.

In addition, the Total Audited Earnings of these 26 largest Massachusetts Technology and Health Care Companies in 2013 of $8.326 bil were up an off-the-charts spectacular 184% over the comparable earnings in 2007 of $2.932 bil, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......these Massachusetts Technology and Health Care Companies not only recouped the earnings they lost with the financial meltdown, but they also added another massive 184% of earnings.   

This off-the-charts spectacular earnings recovery for these 26 largest Massachusetts Technology and Health Care Companies from 2008 to the most recent 2013 occurred when probably the nation's finest Governor Deval Patrick was Massachusetts' Governor, the US Senate was under Democratic control, all of Massachusetts US House of Representatives were Democrats 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 Massachusetts Companies have a much better chance of being much higher if Democrat Martha Coakley is elected Massachusetts Governor.

Below here are the Audited Net Income (Losses) of each of these 26 largest Massachusetts High Technology and Health Care Companies for 2013, 2009 and 2007, along with the related 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)
Massachusetts Company HQs
mils mils mils % Change % Change
Technology






EMC Corp Hopkinton Dec 13               3,093               1,122               1,614 176% 92%
Analog Devices Norwood  Oct 13                  673                  247                  502 172% 34%
Waters Corp Milford Dec 13                  450                  323                  268 39% 68%
Akamai Technologies Cambridge Dec 13                  293                  146                  101 101% 190%
Skyworks Solutions Wobum Sep 13                  278                     93                     58 199% 379%
Sensata Technologies Attleboro Dec 13                  188                  (27)                (234) 796% 180%
Teradyne North Reading Dec 13                  165                (134)                     72 223% 129%
IPG Photonics Oxford Dec 13                  156                       5                     32 3020% 388%
PTC Inc Needham Sep 13                  144                     32                  144 350% 0%
Aspen Technology Burlington Jun 14                     86                (107)                     25 180% 244%
Bruker Billerica Dec 13                     82                     81                     99 1% -17%
Cognex Natick Dec 13                     74                     (5)                     28 1580% 164%
athenahealth Watertown Dec 13                       3                       9                     (8) -67% 138%
Nuance Communications Burlington Sep 13                (115)                  (12)                  (14) -858% -721%








Health Care






Biogen Idec Cambridge Dec 13               1,862                  977                  580 91% 221%
Covidien plc Mansfield Sep 13               1,600                  902                (134) 77% 1294%
Thermo Fisher Scientific Waltham Dec 13               1,279                  851                  767 50% 67%
PerkinElmer Waltham Dec 13                  168                     93                  133 81% 26%
PAREXEL Intl Waltham Jun 14                  129                     42                     65 207% 98%
Cubist Pharmaceuticals Lexington Dec 13                  (19)                     80                     36 -124% -153%
Alere Waltham Dec 13                  (70)                     32                (243) -319% 71%
Alnylam Pharmaceuticals Cambridge Dec 13                  (89)                  (48)                  (85) -85% -5%
Boston Scientific Natick Dec 13                (121)            (1,025)                (495) 88% 76%
Idenix Pharmaceuticals Cambridge Dec 13                (122)                  (53)                  (83) -130% -47%
Vertex Pharmaceuticals Cambridge Dec 13                (688)                (642)                (391) -7% -76%
Hologic Bedford Sep 13            (1,173)            (2,176)                     95 46% -1335%








Total all 26 Technology and Health Care Companies
              8,326                  806               2,932 933% 184%






More details to come.