Tuesday, February 10, 2015

San Francisco/Silicon Valley, Calif Health Care Companies 2014 Earnings Were $14.7 Bil, Up 305% Over 2008

From a very thorough review of SEC filings, I found a large number of 26 Health Care Companies headquartered in the San Francisco Bay/Silicon Valley Area with Stock Market Capitalizations now of at least $1 bil.

Of these 26 Companies, 8 of them filed financial statements with the SEC which included earnings disclosures for all fiscal years from 2007 through the current year 2014.

The other 18 Companies included 3 which didn't have their earnings disclosures for 2008 and 2007 and 15 of them having which had December year ends and which haven't released their December 2014 annual financial statements yet ..... yeah, Health Care Companies are notorious for very late reporting of their financial results.

So just how have these 8 largest San Francisco Bay/Silicon Valley Area Health Care Companies done on the earnings front before, during and after the 2008 financial meltdown?  Just incredibly well.

The Total Net Income from Continuing Operations, predominantly audited numbers, of these 8 largest San Francisco/Silicon Valley Health Care Companies, dominated by Gilead Sciences, was $14.669 bil in their Most Recent fiscal Years Ending in 2014, an increase of a very impressive 305% over the $3.633 bil earned by these same 8 companies in 2008 ..... and an even higher 394% increase over the $2.977 bil earned in 2007.

Below here are the US GAAP Net Income (Losses) of each of these 8 largest San Francisco Bay Area/Silicon Valley Area Health Care Companies for all of their fiscal years from 2007 to 2014:


2014 2013 2012 2011 2010 2009 2008 2007



US GAAP Audited Audited Audited Audited Audited Audited Audited


Most Net Net Net Net Net Net Net Net


Recent Income Income Income Income Income Income Income Income


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











…..Health Care









Gilead Sciences Foster City Dec 14   12,059     3,057     2,574     2,789     2,890     2,626     1,970     1,576
McKesson San Francisco Mar 14     1,354     1,347     1,379     1,403     1,130     1,263         989         968
Intuitive Surgical Sunnyvale Dec 14         418         671         657         495         382         233         204         145
Varian Medical Systems Palo Alto Sep 14         404         438         427         409         367         331         295         243
The Cooper Companies Pleasanton Oct 14         272         297         249         175         113         101           65         (11)
Align Technology San Jose Dec 14         146           64           59           67           74         (31)           80           36
Natus Medical San Carlos Dec 14           32           23              4         (11)           12           11           17           10
Abaxis Union City Mar 14           14           27           13           15           13           12           13           10











Total all 8

  14,699     5,924     5,362     5,342     4,981     4,546     3,633     2,977











Earnings % Increase









…2014 Over 2008

305%






…2014 Over 2007

394%