Bernanke will be delivering a key economic presentation at the University of Southern Indiana in Evansville, Indiana on March 23, 2015. It is open to the public and free of charge.
Thus, as a backdrop for this upcoming speech and continuing a much deserved tribute to Bernanke's key role in helping the US avoid a Deep, Prolonged Financial Depression, I think it would be helpful to update just what has been going on with the largest Washington DC Companies Audited Earnings since the disastrous 2008 Financial Meltdown.
From a very thorough review of SEC filings and Google's excellent financial website, I found 10 Companies headquartered in Washington DC with Stock Market Capitalizations now of at least $1 bil and which have filed audited financial statements with the SEC with financial information disclosures for all years from 2008 through 2014.
So just how have these 10 largest Washington DC Companies done on the audited earnings front since the 2008 financial meltdown? Just an off-the-charts earnings recovery from the dead.
The Total Audited Net Income from Continuing Operations of these 10 largest Washington DC Companies was a massive $129 bil in their Most Recent three fiscal years ending (2012-2014) Combined, an incredibly off-the-charts Total Earnings Improvement of $280 bil when compared to the Total Losses for the four previous fiscal years (2008-2011) Combined of $151 bil.
Fannie Mae comprised $276 bil of this $280 Total Earnings Recovery.
There has been something miraculous happening with the Washington DC Companies Earnings in the past 7 years and very prescient economic actions by former US Fed Chairman Ben Bernanke played a very pivotal role here.
Below here are the US GAAP Net Income (Losses) of each of these 10 largest Washington DC Companies for each of their fiscal years from 2008 to 2014:
| 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | |||
| Audited | Audited | Audited | Audited | Audited | Audited | Audited | |||
| Most | Net | Net | Net | Net | Net | Net | Net | ||
| Recent | Income | Income | Income | Income | Income | Income | Income | ||
| FYE | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | ||
| Washington DC Company | HQs | mil $s | mil $s | mil $s | mil $s | mil $s | mil $s | mil $s | |
| Fannie Mae | Washington DC | Dec | 14,209 | 83,982 | 17,220 | (16,855) | (14,018) | (72,022) | (58,319) |
| Danaher | Washington DC | Dec | 2,598 | 2,695 | 2,299 | 1,935 | 1,718 | 1,152 | 1,318 |
| Graham Holdings | Washington DC | Dec | 921 | 173 | 51 | 138 | 342 | 264 | 168 |
| The Carlyle Group | Washington DC | Dec | 915 | 1,348 | 2,400 | 1,154 | 1,459 | 664 | (514) |
| DuPont Fabros Technology | Washington DC | Dec | 125 | 54 | 61 | 79 | 44 | 3 | 36 |
| FTI Consulting | Washington DC | Dec | 59 | (11) | (37) | 104 | 66 | 140 | 119 |
| CoStar Group | Washington DC | Dec | 45 | 30 | 10 | 15 | 13 | 19 | 25 |
| The Advisory Board Company | Washington DC | Mar | 25 | 23 | 23 | 18 | 12 | 21 | 32 |
| Washington REIT | Washington DC | Dec | 5 | (0) | 8 | (1) | 1 | 10 | (9) |
| Cogent Communications Group | Washington DC | Dec | 1 | 57 | (4) | 8 | 1 | (17) | (15) |
| Total all 10 Washington DC Companies | 18,903 | 88,351 | 22,031 | (13,405) | (10,362) | (69,766) | (57,159) | ||
| Total Earnings 3 Years 2012-14 | 129,285 | ||||||||
| Total Losses 4 Years 2008-11 | (150,692) | ||||||||
| Total Earnings Improvement | 279,977 | ||||||||
