Sunday, September 28, 2014

New York 27 Largest Non-Financial Company Audited 2013 Earnings Were Up 305% Over 2008

Since the US Senate Races deciding who will get control of the US Senate are really heating up and many of them appear to be tossups and also since many of the US Senate fundraisers have been held in the New York Metro Area, with many more planned, I think it would be helpful to research how the 27 New York Non-Financial 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 before, during and after the late 2008 financial meltdown.

The Total Audited Net Income from Continuing Operations of these 27 largest New York Non-Financial Companies were $83.7 bil in the Most Recent Year 2013, more than four times the comparable financial meltdown year earnings in 2008 of $20.7 bil.

In addition, the Total Audited Earnings of these 27 largest New York Non-Financial Companies in 2013 of $83.7 bil were up an impressive 47% over the comparable earnings in 2007 of $56.8 bil, 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 47% of earnings.   

This incredibly strong earnings recovery for these 27 largest New York Non-Financial 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 when George W. Bush was US President.

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

Below here are the Audited Net Income (Losses) of each of these 27 largest New York Non-Financial 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)
New York Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s
Non-Financial Company







Verizon Communications New York Dec 13        23,547        10,557        10,198        10,358        12,583        10,563
IBM Armonk Dec 13        16,483        16,604        15,855        13,425        12,334        10,418
Pfizer New York Dec 13        11,410          9,021          7,860          8,630          8,049          8,255
Hess Corp New York Dec 13          5,222          2,063          1,676              807          2,357          1,953
Twenty-First Century Fox New York Jun 14          3,917          7,046          3,369          2,644        (3,310)          5,518
Time Warner New York Dec 13          3,554          2,922          2,882          2,089        (5,058)          1,887
Bristol-Myers Squibb New York Dec 13          2,580          2,501          5,260          4,420          3,686          2,052
Viacom New York Sep 13          2,449          2,385          2,183          1,568          1,250          1,651
Colgate-Palmolive New York Dec 13          2,410          2,631          2,554          2,397          2,037          1,804
Corning Corning Dec 13          1,961          1,636          2,817          2,008          5,257          2,150
Time Warner Cable New York Dec 13          1,954          2,159          1,667          1,092        (7,963)          1,222
Constellation Brands Victor Feb 14          1,943              388              445                99           (301)           (613)
CBS Corp New York Dec 13          1,873          1,634          1,391              227     (11,673)          1,231
Estee Lauder New York Jun 14          1,209          1,024              861              482              227              484
Omnicom Group New York Dec 13          1,112          1,118          1,060              871          1,114          1,087
CA Technologies Islandia Mar 14              899              939              923              771              671              479
Ralph Lauren New York May 14              776              750              681              480              406              422
Paychex Rochester May 14              628              569              548              477              534              576
Nielsen Holdings New York Dec 13              431              242                61           (428)           (314)           (364)
Regeneron Pharmaceuticals Tarreytown Dec 13              424              750           (222)              (68)              (79)           (107)
Sirius XM Holdings New York Dec 13              377          3,473              427           (343)        (5,313)           (565)
Tiffany New York Jan 14              181              416              439              266              232              370
Thomson Reuters New York Dec 13              175          2,040        (1,396)              844          1,320          1,096
Forest Laboratories New York Mar 14              165              (32)              979              682              768              968
PVH Corp New York Jan 14              143              434              276              162                92              183
Bunge White Plains Dec 13              110              378              965              335          1,326              924
Alcoa New York Dec 13        (2,244)              162              808           (924)              450          3,179









Total all 27

       83,689        73,810        64,567        53,371        20,682        56,823









% Increase 2013 over 2008

305%




% Increase 2013 over 2007

47%













Two Year Totals

   




…..2012 and 2013

    157,499




…..2008 and 2009

       74,053




…..% Increase

113%







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