Sunday, October 5, 2014

Los Angeles, Calif Area 48 Largest Company Audited 2013 Earnings Up 293% Over 2008

Since President Barack Obama will be attending a DNC Fundraiser in Los Angeles, Calif. on Thursday October 9, 2014 at the home of very gifted actress Gwyneth Paltrow, I think it would be  helpful to research how the 48 Los Angeles Area Companies with Market Capitalizations now of at least $2 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 2008 US financial meltdown.

The Total Audited Net Income from Continuing Operations of these 48 largest Los Angeles Area Companies for 2013 totaled $39.8 bil, an increase of a spectacular 293% over the $10.1 bil comparable total earnings for the financial meltdown year of 2008, the last year of the Presidency of George W. Bush/Dick Cheney.

In addition, the Total Audited Earnings of these 48 largest Los Angeles Area Companies in 2013 of $39.8 bil were up a very impressive 87% over the comparable earnings in 2007 of $21.3 bil, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......these Los Angeles Area Companies not only recouped the earnings they lost with the financial meltdown, but they also added another incredibly high 87% of earnings.

This incredibly off-the-charts earnings recovery for these 48 largest Los Angeles Area Companies from 2008 to the most recent 2013 occurred when Democrats controlled the US Senate, President Obama was in office and there were very effective US Fed Chairpersons. 

Below here are the Audited Net Income (Losses) of each of these 48 largest Los Angeles Area 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)
California Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s









Los Angeles Area







…..Technology







Western Digital Irvine Jun 14        1,617           980        1,612        1,382              470           867
Activision Blizzard Santa Monica Dec 13        1,010        1,149        1,085           113           (107)           227
Broadcom Irvine Dec 13           424           719           927              65              215           213
Ingram Micro Santa Ana Dec 13           311           306           244           202           (395)           276
CoreLogic Santa Ana Dec 13           130              91              21                4              (10)              47
j2 Global Los Angeles Dec 13           108           122           115              67                73              68
Conversant Westlake Village Dec 13              90              79              85              62           (195)              40
International Rectifier El Segundo Jun 14              59           (89)           (55)              81           (247)           (59)
Microsemi Aliso Viejo Sep 13              44           (30)              56           (27)                50              10









…..Health Care







Amgen Thousand Oaks Dec 13        5,081        4,345        3,683        4,605          4,052        3,078
Allergan Irvine Dec 13        1,273        1,101           950           624              565           487
Edwards Lifesciences Irvine Dec 13           392           293           237           229              129           113
Questcor Pharmaceuticals Anaheim Dec 13           293           198              80              27                41              38
Health Net Woodland Hills Dec 13           170              26              61           (49)                95           194
MannKind Valencia Dec 13         (191)         (169)         (161)         (220)           (303)         (293)









…..Finance







Oaktree Capital Group Los Angeles Dec 13        6,211        6,672         (309)     11,874        (7,638)           931
Public Storage Glendale Dec 13        1,057           930           833           799              980           489
HCP Inc Long Beach Dec 13           911           801           536           106              231           136
CBRE Group Los Angeles Dec 13           322           304           240           (28)        (1,076)           400
East West Bancorp Pasadena Dec 13           295           282           245              77              (50)           161
City National Los Angeles Dec 13           233           209           176              52              110           232
CapitalSource Los Angeles Dec 13           165           491           (52)         (894)           (260)           129
Macerich Santa Monica Dec 13           159           303           239           175                87              80
Alexandria Real Estate Equities Pasadena Dec 13           135              95           117           136              101              76
Mercury General Los Angeles Dec 13           112           117           191           403           (242)           238
Douglas Emmett Inc Santa Monica Dec 13              53              28                2           (34)              (36)           (19)
PacWest Bancorp Los Angeles Dec 13              45              57              51              (9)           (728)              90
Sunstone Hotel Investors Aliso Viejo Dec 13              22                1              41         (151)                36              43
Kilroy Realty Los Angeles Dec 13              16              (4)           (16)              36                46              45









…..Services







Walt Disney Co Burbank Sep 13        6,636        6,173        5,258        3,307          4,427        4,674
DIRECTV El Segundo Dec 13        2,885        2,977        2,636        1,007          1,607        1,445
Jacobs Engineering Group Pasadena Sep 13           440           391           335           400              421           287
AECOM Technology Los Angeles Sep 13           243           (57)           284           187              147           100
Lions Gate Entertainment Santa Monica Mar 14           152           232           (39)           (28)           (178)           (87)
VCA Antech Inc Los Angeles Dec 13           143              51           100           136              137           125
Cheesecake Factory Calabasas Dec 13           114              98              96              43                52              74
DreamWorks Animation SKG Glendale Dec 13              56           (36)              87           151              142           218
Live Nation Entertainment Beverly Hills Dec 13           (36)         (162)           (70)         (126)           (333)           (62)









…..Other Sectors







Occidental Petroleum Los Angeles Dec 13        5,922        4,635        6,640        2,978          6,955        5,153
Mattel El Segundo Dec 13           904           776           769           529              380           600
Herbalife Los Angeles Dec 13           528           464           415           203              221           191
Monster Beverage Corona Dec 13           339           340           286           209              108           149
Reliance Steel & Aluminum Los Angeles Dec 13           325           408           349           149              484           408
Avery Dennison Pasadena Dec 13           244           158           142         (747)              266           304
Standard Pacific Irvine Dec 13           189           531           (16)           (13)        (1,231)         (695)
Teledyne Technologies Thousand Oaks Dec 13           185           163           142           114              114           102
Skechers USA Manhattan Beach Dec 13              61              11           (68)              51                53              76
Breitburn Energy Partners LP Los Angeles Dec 13           (44)           (41)           111         (107)              378           (60)









Total all 48

    39,833     36,519     28,691     28,150        10,144     21,339









% Earnings Increase







…..2013 Over 2008

293%




…..2013 Over 2007

87%





It's pretty clear to me that Los Angeles Area Company Earnings and thus also their related Stock Market Prices in the next two years have a much better chance of being much higher under a US Senate controlled by the Democrats than one controlled by the Republicans.  Profits of US Businesses and a rising US Stock Market have resulted from and will continue to result from a very effective Trifecta of President Obama, a Democratic Majority US Senate and Janet Yellen heading the US Fed.....you need all three of these or else the three-legged stool drops precipitously.  The many smart, politically savvy Los Angeles Area citizens are keenly aware of this and I think they will be very generous in adding to the financial coffers of the DNC and of the DSCC to help make this happen.  Just sayin.








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