Wednesday, October 8, 2014

Virginia 39 Largest Company Audited Earnings Were $100.3 bil in 2 Years 2013 and 2012 Combined vs Audited Losses of $62.4 bil in 2 Years 2009 and 2008 Combined

Since Virginia US Senator Mark Warner had two Fundraisers today, Wednesday October 8, 2014 and that there is also a DCCC Fundraiser in McLean, VA on Tuesday, October 14, 2014 which will be attended by both President Obama and Nancy Pelosi, I think it would be helpful to research how the 39 Virginia Headquartered Companies with Market Capitalizations now of at least $1 bil each and with annual audited financial statements filed with the SEC covering all years from 2008 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 for the two years 2013 and 2012 combined of these 39 Virginia Companies was a massive $100.3 bil as compared with Total Audited Net Losses from Continuing Operations of $62.4 bil for the two years 2009 and 2008 combined.  Yeah, that's a Total Two Years Earnings Improvement of a massive $162.7 bil.

In addition, the Total Audited Earnings of these 39 largest Virginia Companies in 2013 of $71.3 bil were up an exceptionally off-the-charts 415% increase over the comparable earnings in 2007 of $13.9 bil, which was the peak year earnings before the disastrous effects of the 2008 financial meltdown hit......these Virginia Companies not only recouped the earnings they lost with the financial meltdown, but they also added another incredibly high 415% of earnings.

This phenomenally off-the-charts earnings recovery for these 39 largest Virginia Companies from 2008 to the most recent 2013 occurred when Mark Warner was a Virginia Democratic US Senator, when Democrats controlled the US Senate, when President Obama was in office and when there were very effective US Fed Chairpersons. 

Below here are the Audited Net Income (Loss) From Continuing Operations for each of these 39 Virginia Companies in 2013, 2012, 2011, 2009, 2008 and in 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)
Virginia Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s









Freddie Mac McLean Dec 13        48,668        10,982        (5,266)     (21,554)     (50,116)        (3,102)









All Other Virginia Companies







Altria Group Richmond Dec 13          4,535          4,183          3,393          3,208          3,090          3,131
Capital One Financial McLean Dec 13          4,392          3,734          3,253              987                85          2,592
General Dynamics Falls Church Dec 13          2,486           (332)          2,552          2,407          2,478          2,080
Northrop Grumman Falls Church Dec 13          1,952          1,978          2,086          1,573        (1,379)          1,751
Norfolk Southern Norfolk Dec 13          1,910          1,749          1,916          1,034          1,716          1,464
Genworth Financial Richmond Dec 13              726              468              141           (399)           (572)          1,154
Computer Sciences Corp Falls Church Mar 13              621              498        (4,391)              834          1,123              559
Dollar Tree Chesapeake Jan 14              597              619              488              321              230              201
VeriSign Reston Dec 13              544              312              139              201                69           (136)
CarMax Richmond Feb 14              493              434              414              282                59              182
Gannett McLean Dec 13              446              475              500              382        (6,641)              977
Hilton Worldwide Holdings McLean Dec 13              415              352              253           (532)        (5,663)
Advance Auto Parts Roanoke Dec 13              392              388              395              270              238              238
Alliant Techsystems Arlington Mar 14              341              272              263              279              141              209
MeadWestvaco Richmond Dec 13              319              156              181              225                80              266
Markel Glen Allen Dec 13              284              258              148              202              (58)              406
NVR Inc Reston Dec 13              266              181              129              192              101              334
NewMarket Corp Richmond Dec 13              242              237              205              162                73                79
Booz Allen & Hamilton McLean Mar 14              232              219              240                25           (436)                89
Portfolio Recovery Associates Norfolk Dec 13              177              126              101                44                45                48
NeuStar Sterling Dec 13              163              156              124              101                  4                92
Universal Corp Richmond Mar 14              155              141              101              170              133              116
CACI Intl Arlington Jun 14              136              153              168              107                90                78
MAXIMUS Reston Sep 13              117                76                82              (11)                30                55
Owens & Minor Mechanicsville Dec 13              111              109              115              117              101                71
Brink's Richmond Dec 13                96              132              124              227              172              101
Leidos Holdings Reston Jan 14                84              324           (235)              500              447              390
Lumber Liquidators Toano Dec 13                77                47                26                27                22                11
Beacon Roofing Supply Herndon Sep 13                73                76                59                52                40                25
Orbital Sciences Dulles Dec 13                68                61                67                37                43                51
Avalonbay Communities Arlington Dec 13                58              250              140                76                98              219
Measurement Specialties Hampton Mar 14                38                34                28                  6                  6                17
Trex Co Winchester Dec 13                35                  3              (12)              (16)                  8              (65)
Union Bankshares Richmond Dec 13                34                35                30                  8                15                20
Corporate Executive Board Arlington Dec 13                32                37                57                46                45                81
MicroStrategy Tysons Corner Dec 13                27                22                22                61                42                59
comScore Reston Dec 13                (2)              (12)              (16)                  4                25                19
Cvent McLean Dec 13                (3)                  4                 -                    3                  3









Total all 38

       22,669        17,955        13,286        13,212        (3,897)        16,964









Total all 39 including Freddie Mac

       71,337        28,937          8,020        (8,342)     (54,013)        13,862









Total Earnings 2013 and 2012 Combined

    100,274




Total Losses 2009 and 2008 Combined

    (62,355)




…..Total Earnings Improvement

    162,629













% Earnings Increase 2013 Over 2007

415%









More details to come.
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