Wednesday, November 19, 2014

Nevada Company Audited Earnings Improvement Was $10.5 Bil For 2013 Under Obama/Reid/ Bernanke&Yellen vs. For 2008 Under Bush/Cheney

From an extensive review of SEC filings, I found 27 Companies headquartered in Nevada with current Stock Market Capitalizations of at least $100 mil or for Nevada Companies which don't have their common stock trading, Total Equity currently of at least $100 mil.  These Nevada Companies also had audited financial statements filed with the SEC which contained Audited Net Income or Net Loss amounts for all years 2008 through the most recent year.

These 27 Largest Nevada Corps had Audited under US Generally Accepted Accounting Principles (US GAAP) Total After-tax Net Income From Continuing Operations of $2.3 bil in the most recent fiscal year 2013, when Harry Reid was a Democratic Nevada US Senator, when Barack Obama was President and when the US Federal Reserve was headed by the brilliant twosome of Ben Bernanke and Janet Yellen.  This was a massive Audited Earnings Improvement of $10.5 bil as compared with the $8.2 bil Audited Net Loss generated five years earlier in 2008, the last year of the Bush/Cheney Administration, when the US financial meltdown occurred, which particularly devastated the State of Nevada, its residents and its businesses.

So if the question to be answered is whether, in the aggregate, these 27 Nevada Companies are better off now than they were in the last year of the Bush/Cheney Administration, the answer is clearly yes, and substantially so to the tune of $10.5 bil better, as earnings performance is measured by the prestigious US Accounting Profession.

And in the most recent fiscal year 2013 the Total Audited Net Earnings of these 27 Nevada Companies of $2.314 bil was a truly off-the-charts 780% above that of just one year earlier in 2012 of only $0.263 bil.

Below here is the Audited under US GAAP After-tax Net Income or Net Loss for each of these 27 Nevada Companies for 2013, 2012, 2009 and 2008.  The overwhelming majority of these Companies have a December Fiscal Year End (FYE).
2013 2012
2009 2008



Audited Audited
Audited Audited


Most Net Net
Net Net


Recent Income Income
Income Income


FYE (Loss) (Loss)
(Loss) (Loss)
Nevada Company HQs
mil $s mil $s
mil $s mil $s








Las Vegas Sands Las Vegas Dec 13          2,955          1,882
          (369)           (168)
Wynn Resorts Las Vegas Dec 13          1,004              729
               39              210
John Deere Capital Reno Oct 13              469              383
             149              282
AMERCO Reno Mar 14              342              265
               66                13
International Game Technology Las Vegas Sep 13              273              250
             149              342
PDL BioPharma Incline Village Dec 13              265              212
             190              238
Bally Technologies Las Vegas Jun 14              100              140
             110              120
Allegiant Travel Las Vegas Dec 13                92                78
               76                35
Employers Holdings Reno Dec 13                64              107
               83              102
MGM Resorts Las Vegas Dec 13                57        (1,617)
       (1,292)           (855)
Global Cash Access Holdings Las Vegas Dec 13                24                26
               34                27
American Pacific Corp Las Vegas Sep 13                23                20
               (6)                  9
Tropicana Entertainment Las Vegas Dec 13                22                21
          (189)           (843)
Monarch Casino & Resort Reno Dec 13                18                  9
                 5                10
Allied Nevada Gold Reno Dec 13                  1                48
                 8              (80)
Unwired Planet Reno Jun 14                  0              (40)
             (10)              (88)
Affinity Gaming Las Vegas Dec 13                (1)                  5
             386              (60)
Diamond Resorts International  Las Vegas Dec 13                (3)                14
             (21)                89
Paramount Gold & Silver Corp Winnemucca Jun 14              (11)              (13)
               (5)                (7)
American Casino & Entertainment Properties Las Vegas Dec 13              (15)              (16)
             (22)              (37)
VirnetX Holding Zephyr Cove Dec 13              (28)              (27)
             (13)              (12)
Spectrum Pharmaceuticals Henderson Dec 13              (62)                94
             (19)              (14)
Station Casinos Las Vegas Dec 13           (113)                12
          (657)        (1,680)
Boyd Gaming Las Vegas Dec 13           (119)           (918)
                 4           (223)
Pinnacle Entertainment Las Vegas Dec 13           (133)              (13)
          (258)           (370)
Caesars Entertainment  Las Vegas Dec 13        (2,910)        (1,388)
             846        (5,274)








Total all 27

         2,314              263
          (716)        (8,234)








Earnings Improvement






…..2013 vs. 2008

       10,548



…..2 Yrs 2013/12 vs. 2 Yrs 2009/08

       11,527



…..2013 vs. 2012






………....Amount

         2,051



…………Percentage

780%








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