Louisiana Companies Earnings Were $1.0 Bil in 9 Months Ended September 2014, Up 959% Over 9 Months Ended September 2013

Since many members of the Louisiana State Legislature have had discussions on how to substantially increase health care coverage to the many Louisiana 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 struck such a groundbreaking, very forward-thinking deal that did just that, as an economic backdrop, I think it would be helpful in several posts to research how Louisiana companies, hospitals and the overall State of Louisiana's economy have all been doing financially.

In this first post I will be addressing Louisiana Companies earnings and losses.

From a very thorough review of SEC filings and of the Google Finance website, I found 22 Companies headquartered in the State of Louisiana 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 years from 2007 to 2013.

Twenty of these 22 Louisiana Companies have December Year Ends and thus have filed their 10-Qs with the SEC for the 9 Months Ended September 30, 2014.

These 20 Louisiana Companies generated Total Net Income from Continuing Operations for the 9 Months Ended September 30, 2014 of $1.017 bil, an increase of a monstrous 959% over the $.096 bil registered in the 9 Months Ended September 30, 2013.

Also, this Total Audited Net Income from Continuing Operations of these 20 Louisiana Companies of $1.017 bil in the 9 Months Ended September 30, 2014 was a very impressive 456% increase over the $0.183 bil Total Audited Annual Net Earnings in the financial meltdown year of 2008.

Below here are the Net Income (Losses) of each of these 20 Louisiana Companies for the 9 Months Ended September 30, 2014 and 2013 and for Annual 2008:

			Nine	Nine
			Months	Months
			Ended	Ended
			Sept	Sept		Annual
			2014	2013		2008
		Most	Net	Net		Net
	City	Recent	Income	Income		Income
Louisiana Company	HQs	FYE	(Loss)	(Loss)		(Loss)
			$ mils	$ mils		$ mils
December Year Ends
CenturyLink	Monroe	Dec 13	584	(478)		367
Albemarle	Baton Rouge	Dec 13	243	273		213
Superior Energy Services	Harvey	Dec 13	207	222		351
Pool Corp	Covington	Dec 13	113	102		57
IberiaBank	Lafayette	Dec 13	71	39		40
Hornbeck Offshore Services	Covington	Dec 13	69	42		116
Lamar Advertising	Baton Rouge	Dec 13	46	30		2
First NBC Bank	New Orleans	Dec 13	40	27		2
H&E Equipment Services	Baton Rouge	Dec 13	38	30		43
Amerisafe Inc	DeRidder	Dec 13	37	26		44
PetroQuest Energy Inc	Lafayette	Dec 13	28	11		(97)
PHI Inc	Lafayette	Dec 13	25	42		24
LHC Group	Lafayette	Dec 13	21	23		43
Gulf Island Fabrication	Houma	Dec 13	15	10		29
Midsouth Bancorp	Lafayette	Dec 13	15	11		6
First Guaranty Bancshares	Hammond	Dec 13	8	6		6
Home Bancorp	Lafayette	Dec 13	7	6		3
Amedisys	Baton Rouge	Dec 13	4	(86)		86
Stone Energy Corp	Lafayette	Dec 13	1	116		(1,137)
Globalstar	Covington	Dec 13	(555)	(356)		(15)
Total all 20			1,017	96		183
Earnings % Increase:
...9 Months 2014 Over 9 Months 2013			959%
...9 Months 2014 Over Annual 2008			456%