Thursday, September 25, 2014

Michigan 11 Largest Company Audited Profits Were $83 bil in 3 Years 2011 Through 2013 vs Losses of $104 bil in 3 Years 2007 Through 2009

Since the US Senate Race in Michigan is heating up, I think it would be helpful to research how the 11 Michigan Companies with Market Capitalizations now of at least $10 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.

The Total Audited Net Income from Continuing Operations of these 11 Michigan Companies for the 3 Most Recent Years 2011 through 2013 totaled $82.730 bil vs Total Audited Net Losses from Continuing Operations for the 3 Years 2007 through 2009 of a devastating $103.990 bil.

This incredibly off-the-charts earnings resurrection for these 11 largest Michigan Companies from 2007-2009 to the most recent 2013 occurred when both Michigan US Senators were Democrats and also when Democrats had a majority in the US Senate.

Below here are the Audited Net Income (Losses) of each of these 11 largest Michigan 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)
Michigan Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s









Ford Motor Dearborn Dec 13              7,148              5,664           20,222              2,712         (14,833)           (2,819)
General Motors Detroit Dec 13              5,331              6,136              9,287         (22,938)         (31,051)         (42,685)
Dow Chemical Midland Dec 13              4,816              1,100              2,784                 566                 626              2,962
Kellogg Battle Creek Dec 13              1,808                 961                 864              1,208              1,146              1,102
Delphi Automotive PLC Troy Dec 13              1,301              1,160              1,223               (822)           (1,984)           (1,692)
TRW Automotive Livonia Dec 13              1,007              1,041              1,195                    73               (764)                 109
Stryker Kalamazoo Dec 13              1,006              1,298              1,345              1,107              1,148                 987
Whirlpool Benton Harbor Dec 13                 849                 425                 408                 354                 447                 669
BorgWarner Auburn Hills Dec 13                 651                 522                 571                    36                 (19)                 317
Ally Financial Detroit Dec 13                 416              1,370               (219)           (3,370)              4,863           (1,950)
Perrigo Allegan Jun 14                 205                 442                 393                 224                 141                 140









Total all 11

          24,538           20,119           38,073         (20,850)         (40,280)         (42,860)









Three Year Totals







…..2011 Through 2013

          82,730




…..2007 Through 2009

        (103,990)









More details to come.