Tuesday, February 3, 2015

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