Thursday, April 2, 2015

Utah 21 Largest Companies 3 Year 2012-14 Audited Earnings Were $5.628 Bil, An Earnings Improvement of $5.262 Bil or 1,438% Above 3 Year 2008-10 Audited Earnings of $366 Mil

President Obama will be visiting Utah on this Thursday and Friday, April 2 and 3, 2015.  Thus, as a backdrop for this Presidential visit,  I think it would be helpful to update just what has been going on with Utah businesses and the overall economy there.

From a very thorough review of SEC filings, I found 21 Companies headquartered in the State of Utah 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 2008 to 2013.

I included Sweden Headquartered, Auto Supplier Autoliv among these 21 Utah Companies since it has a Utah SEC State Location Code filing and since it has a majority of its Total Assets in the Americas and with its two largest customers being General Motors and Ford.

These 21 Utah Companies generated Total Audited Earnings from Continuing Operations of $5.628 bil in the most recent three fiscal years combined (2012 through 2014), which was a very impressive $5.262 bil Three Year Earnings Improvement, or an increase of 1,438% above the comparable Total Audited Earnings of $366 mil in the three fiscal years combined (2008 through 2010).

Among others, President Obama, Ben Bernanke, Janet Yellen, country-first-over-political-party  Utah US Senator Orrin Hatch, and very effective Utah Governor Gary Herbert have all undoubtedly helped in this massive earnings improvement of Utah Companies. 

Below here are the Audited Earnings (Losses) of each of these 21 largest Utah Companies for each of the Fiscal Year Ends (FYEs) 2007 through 2014:



2014 2013 2012 2011 2010 2009 2008 2007



Audited Audited Audited Audited Audited Audited Audited Audited


Net Net Net Net Net Net Net Net

City 2014 Income Income Income Income Income Income Income Income
Utah Company HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)


mil $s mil $s mil $s mil $s mil $s mil $s mil $s mil $s











Autoliv Ogden Dec          469         490         486         627         596           13         172         296
Zions Bancorporation Salt Lake City Dec         398         263         348         323       (296)   (1,222)       (271)         502
Huntsman Salt Lake City Dec         353         154         378         251           (9)         125         512           61
Extra Space Storage Salt Lake City Dec         196         186         128           58           33           39           43           35
Nu Skin Enterprises Provo Dec         189         365         222         153         136           90           65           44
Myriad Genetics Salt Lake City Jun         176         147         112         101         152         136           74           45
Usana Health Sciences Salt Lake City Dec           77           79           66           51           46           34           30           46
Merit Medical Systems South Jordan Dec           23           17           20           23           12           23           21           16
Franklin Covey Salt Lake City Aug           18           14              8              5           (1)         (11)              5              7
Headwaters South Jordan Sep           16              8         (26)       (134)         (21)       (415)       (175)           21
Nutraceutical Intl Park City Sep           16           17           16           16           16         (15)           12           13
Utah Medical Products Midvale Dec           11           11           10              7              6              6              7              8
Natures Sunshine Products Lehi Dec           10           18           25           18              8              7              1           (6)
Zagg Inc Salt Lake City Dec           10              5           15           18           10              3              2           (1)
Overstock.com Salt Lake City Dec              9           84           15         (19)           14              8         (11)         (44)
Control4 Corporation    Salt Lake City Dec              8              4           (4)           (4)         (16)           (8)         (18)
Skullcandy  Park City Dec              8           (3)           26           19         (10)           12           13              6
Black Diamond Salt Lake City Dec           (9)         (11)           (1)              5           51           (5)           (2)              0
inContact Salt Lake City Dec         (11)         (10)           (6)           (9)           (1)           (3)         (10)           (8)
Ancestry.com  Provo Dec          (19)         (80)           (2)           63           37           21              2              6
SkyWest St George Dec         (24)           59           51         (27)           96           84         113         159











Total all 21

    1,924     1,817     1,887     1,545         859   (1,078)         585     1,206











Three Year Total Earnings:









…2012 Through 2014

    5,628






…2008 Through 2010

        366






…Total Earnings Improvement

    5,262






…Total Earnings % Improvement
1,438%