Tuesday, February 10, 2015

San Francisco/Silicon Valley, Calif Health Care Companies 9 Months Sept 2014 Earnings Up 245% Over 9 Months Sept 2013 ..... Revenues Up 74%

Of the 26 Health Care Companies headquartered in the San Francisco Bay/Silicon Valley Area with Stock Market Capitalizations now of at least $1 bil, an amazingly high 22 of them have December fiscal year ends, and 18 of the 22 still haven't released their December 2014 annual financial statements yet.

Thus given this very belated financial reporting, I think it would be helpful to see how these 22 Health Care Companies fared for the first 9 Months of 2014 as compared to 2013.

How did they do?  Well, off-the-charts amazingly well.

These 22 San Francisco Bay/Silicon Valley Area Health Care Companies generated Total Revenues for the 9 Months Ended September, 2014 of $24.985 bil, an exceptional 74% above what they were for the 9 Months Ended September 30, 2013.  I can't remember seeing that kind of Revenue growth for an industry in a very long time, if ever.

On the earnings front, these 22 Health Care Companies did even better.  Their Total US GAAP Net Income From Continuing Operations for the 9 Months Ended September 30, 2014 was $8.727 bil, which was a truly spectacularly off-the-charts 245% increase over the $2.528 bil earned by these same 22 Companies for the 9 Months Ended September 30, 2013.  Whoa!

Some great things financially are happening in the Health Care Industry in the San Francisco Bay/Silicon Valley Area.

It should be pointed out that Jazz Pharmaceuticals' drop in Earnings was caused completely by a $202 mil Acquired Research and Development Earnings Charge in the 9 Months Ended September 30, 2014.

Below here are the Earnings and Revenues for each of these Health Care Companies for the 9 Months Ended September 30, 2014 and 2013:



Nine Nine





Months Months





Ended Ended

Nine Nine



Sep 30 Sep 30

Months Months


2014 2013

Ended Ended



US GAAP US GAAP

Sep 30 Sep 30


Most Net Net

2014 2014


Recent Income Income %
Total Total %


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

mil $s mil $s










…..Health Care








Gilead Sciences Foster City Dec 14     8,597     2,271

  17,576     8,082
Intuitive Surgical Sunnyvale Dec 14         272         505

    1,527     1,689
Medivation San Francisco Dec 13         112         (45)

        436         176
Align Technology San Jose Dec 14         106           22

        563         482
Bio-Rad Laboratories Hercules Dec 13           50           48

    1,577     1,530
Thoratec Pleasanton Dec 13           39           60

        350         375
DepoMed Newark Dec 13           37              2

        196           94
Pharmacyclics Sunnyvale Dec 13           23              3

        440         137
Natus Medical San Carlos Dec 14           22           14

        262         253
ZELTIQ Aesthetics  Pleasanton Dec 13              0         (14)

        124           76
Nektar Therapeutics San Francisco Dec 13           (8)       (114)

        181         118
Fibrogen San Francisco Dec 13           (9)           12

        121           90
Genomic Health Redwood City Dec 13         (18)           (3)

        207         193
Nevro Menlo Park Dec 13         (22)         (19)

          23           17
Jazz Pharmaceuticals Palo Alto Dec 13         (24)         161

        845         637
Ultragenyx Pharmaceutical  Novato Dec 13         (43)         (24)

           -              -  
Relypsa  Redwood City Dec 13         (52)         (72)

           -              -  
Theravance South San Francisco Dec 13         (58)         (22)

             1              3
Coherus BioSciences Redwood City Dec 13         (58)         (39)

          25              2
BioMarin Pharmaceutical San Rafael Dec 13         (64)       (114)

        520         402
Anacor Pharmaceuticals  Palo Alto Dec 13         (77)         (46)

          11              9
Portola Pharmaceuticals   South San Francisco Dec 13         (98)         (58)

           -              -  










Total all 22

    8,727     2,528 245%
  24,985   14,365 74%