Alabama Companies Audited Earnings Were $2.7 Bil in 2013 vs Audited Losses of $4.7 Bil in 2008 .... Annual Earnings Improvement of $7.4 Bil

Since Alabama Governor Robert Bentley and the Alabama State Legislature have had preliminary discussions on how to substantially increase health care coverage to the many Alabama uninsured and underinsured citizens and to do so in the optimally fair way to all parties, and also since Indiana Governor Mike Pence and US Health and Human Services Cabinet Secretary Sylvia Burwell have just recently struck such a groundbreaking, very forward-thinking deal that accomplishes just that, as an economic backdrop, I think it would be helpful in several posts to research how Alabama companies, hospitals and the overall State of Alabama's economy have all been doing financially.

In this first post I will be addressing how Alabama Companies have been doing on the audited earnings front.

From a very thorough review of SEC filings and of the excellent Google Finance website, I found 15 Companies headquartered in the State of Alabama with Stock Market Capitalizations of at least $100 mil now and also with annual audited financial statements filed with the SEC which included financial information covering all fiscal years from 2008 to 2013.

These 15 Alabama Companies generated Total Audited Earnings from Continuing Operations of $2.725 bil in the most recent fiscal year 2013, which was a very impressive $7.401 bil Earnings Improvement from the comparable Total Losses of $4.676 bil in the financial meltdown year of 2008.

Among others, the Alabama Governor and the members of the Alabama State Legislature have all undoubtedly helped in this huge earnings recovery of Alabama Companies. 

Below here are the Audited Earnings (Losses) of each of these 15 largest Alabama Companies for Fiscal Year Ends (FYEs) 2013, 2012, 2011, 2010, 2009 and 2008:

			2013	2012	2011	2010	2009	2008
			Audited	Audited	Audited	Audited	Audited	Audited
		Most	Net	Net	Net	Net	Net	Net
	City	Recent	Income	Income	Income	Income	Income	Income
Alabama Company	HQs	FYE	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
			mil $s	mil $s	mil $s	mil $s	mil $s	mil $s
Regions Financial	Birmingham	Dec 13	1,135	1,179	189	(468)	(1,031)	(5,585)
Protective Life	Birmingham	Dec 13	393	302	316	225	271	(42)
HEALTHSOUTH	Birmingham	Dec 13	383	231	206	931	127	266
ProAssurance	Birmingham	Dec 13	298	275	287	232	222	178
Energen Corp	Birmingham	Dec 13	193	255	224	291	256	322
Medical Properties Trust	Birmingham	Dec 13	97	90	27	23	39	25
Hibbett Sports	Birmingham	Dec 13	71	73	59	46	33	29
ADTRAN	Huntsville	Dec 13	46	47	139	114	74	79
ServisFirst Bancshares	Birmingham	Dec 13	42	34	23	17	6	7
Computer Programs & Systems	Mobile	Dec 13	33	30	26	19	15	15
Infinity Prperty & Casualty	Birmingham	Dec 13	33	24	42	91	71	19
Vulcan Materials	Birmingham	Dec 13	21	(54)	(75)	(103)	19	3
International Shipholding	Mobile	Dec 13	18	22	32	15	42	34
Standard Metals Processing	Gadsden	Dec 13	(8)	(3)	(15)	(4)	(2)	(1)
Biocryst Pharmaceuticals	Birmingham	Dec 13	(30)	(39)	(57)	(34)	(13)	(25)
Total all 15			2,725	2,466	1,423	1,395	129	(4,676)
Audited Earnings Improvement
…2013 Over 2008			7,401
…Two Years 2013 and 2012 Over 2009 and 2008			9,738