Thursday, June 18, 2015

101 Largest Los Angeles Area Companies, Led By Disney and 34 Financials, 2014 Audited Earnings Up 12 Times Over 2008 ... Driven In Part By Barack Obama, Jerry Brown, Nancy Pelosi and the US Fed

President Obama will be attending two very interesting DNC Fundraisers in the Los Angeles Area today, June 18, 2015.  Thus I think it might be helpful to update just how well financially Los Angeles Area Companies have been doing since the 2008 US financial meltdown.

From a very thorough review of SEC filings, I found a large number of 101 Companies headquartered in the Los Angeles Metro Area with Stock Market Capitalizations now of at least $1 bil, or the equivalent for non-publicly-held firms, and which have filed 2014 financial statements with the SEC.

So just how have these 101 largest  Los Angeles Area Companies done on the earnings front since the 2008 US financial meltdown?  Just absolutely great earnings improvement.

The Total Audited Net Income from Continuing Operations of these 101 largest Los Angeles Area Companies for 2014 was a huge $37.964 bil, an increase of 1,194% as compared with the $2.933 bil earned in the 2008 US Financial Meltdown year.

There has been something upwardly explosive happening with the Audited Earnings of Los Angeles Area Companies since the 2008 US Financial Meltdown and among others, President Obama, Jerry Brown, Nancy Pelosi and former US Fed Chairman Ben Bernanke and current US Fed Chair Janet Yellen have all played instrumental roles in this massive earnings improvement.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 101 largest Los Angeles Area Companies for all of their fiscal years reported from 2008 through 2014, sorted by Market Capitalization:



2014 2013 2012 2011 2010 2009 2008


2014 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)
Los Angeles Area Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s mil $s










Walt Disney Co Burbank Sep        8,004        6,636        6,173        5,258        4,313        3,609        4,729
Amgen Thousand Oaks Dec        5,158        5,081        4,345        3,683        4,627        4,605        4,052
Allergan Irvine Dec        1,533        1,273        1,101           938                5           624           565
DIRECTV El Segundo Dec        2,775        2,885        2,977        2,636        2,312        1,007        1,607
Public Storage Glendale Dec        1,150        1,057           930           834           689           797           982
Broadcom Irvine Dec           652           424           719           927        1,082              65           215
Western Digital Irvine Jun        1,617           980        1,612           726        1,382           470           867
HCP Inc Long Beach Dec           907           911           801           550           321           103           228
Monster Beverage Corona Dec           483           339           340           286           212           209           108
Activision Blizzard Santa Monica Dec           835        1,010        1,149        1,085           418           113         (107)
Edwards Lifesciences Irvine Dec           811           389           292           237           218           229           129
Mattel El Segundo Dec           499           904           776           769           685           529           380
American Honda Finance Torrance Mar           956        1,002        1,268        1,169


CBRE Group Los Angeles Dec           514           322           304           240           142           (28)     (1,076)
Macerich Santa Monica Dec        1,607           159           303           209              32           181              97
Oaktree Capital Group Los Angeles Dec        2,176        6,211        6,672         (309)        5,281     11,874     (7,638)
Toyota Motor Credit Corp Torrance Mar 15        1,197           857        1,331        1,486        1,853        1,063         (623)
Jacobs Engineering Group Pasadena Sep           352           440           391           335           246           400           421
Skechers USA Manhattan Beach Dec           152              61              11           (68)           136              51              53
Alexandria Real Estate Equities Pasadena Dec              99           135              95           136              78           135           100
Ares Management LP Los Angeles Dec           546           813        1,236           923        2,081               -                 -  
Reliance Steel & Aluminum Los Angeles Dec           376           325           408           349           198           149           484
Kilroy Realty Los Angeles Dec              59              15              (5)                5              10              28              41
East West Bancorp Pasadena Dec           342           295           282           245           165              82           (50)
Live Nation Entertainment Beverly Hills Dec         (104)           (36)         (162)           (70)         (208)         (126)         (333)
Lions Gate Entertainment Santa Monica Mar 15           182           152           232           (39)           (30)           (30)         (180)
PacWest Bancorp Los Angeles Dec           170              45              57              51           (62)              (9)         (728)
City National Los Angeles Dec           259           233           209           176           135              52           110
Puma Biotechnology Los Angeles Dec         (142)           (55)           (74)           (10)              (0)

Avery Dennison Pasadena Dec           251           244           158           154           242         (835)           153
Herbalife Los Angeles Dec           309           528           464           413           299           203           221
Ingram Micro Santa Ana Dec           267           311           306           244           318           202         (395)
Air Lease Los Angeles Dec           256           190           132              53           (52)               -                 -  
First American Financial Santa Ana Dec           234           187           302              79           129           134           (72)
Douglas Emmett Inc Santa Monica Dec              53              53              28                2           (33)           (34)           (36)
Health Net Woodland Hills Dec           146           170              26              72           204           (49)              95
Molina Healthcare Long Beach Dec              63              45              13              21              55              31              60
American Homes 4 Rent Malibu Dec           (33)           (20)           (10)              (0)
              -                 -  
Teledyne Technologies Thousand Oaks Dec           216           185           163           142           120           116           117
VCA Antech Inc Los Angeles Dec           141           143              51           100           114           136           137
AECOM Technology Los Angeles Sep           233           243           (57)           284           249           201           160
California Resources Los Angeles Dec     (1,434)           869           699           971           719           401
Colony Capital Santa Monica Dec           160           126              68              43              18              (0)               -  
International Rectifier El Segundo Jun              59           (89)           (55)           167              81         (247)           (59)
Sunstone Hotel Investors Aliso Viejo Dec              83              22                1              48           (30)           (44)              28
Mercury General Los Angeles Dec           178           112           117           191           152           403         (242)
Hudson Pacific Properties Los Angeles Dec              24                1              (5)              (2)              (3)              (1)              (3)
Kennedy-Wilson Holdings Beverly Hills Dec              90              14                7                7                6           (10)                1
CoreLogic Santa Ana Dec              91           100              95              53              84           104              34
Microsemi Aliso Viejo Sep              23              44           (30)              54              59           (27)              50
j2 Global Los Angeles Dec           125           108           122           115              83              67              73
Cathay General Bancorp Los Angeles Dec           138           124           118           101              12           (67)              51
Kite Pharma Santa Monica Dec           (43)              (6)              (3)



TRI Pointe Homes Irvine Dec              84         (151)              61              35              52

Cheesecake Factory Calabasas Dec           101           114              98              96              82              43              52
Standard Pacific Irvine Dec           216           189           531           (16)           (12)           (13)     (1,231)
MannKind Valencia Dec         (198)         (191)         (169)         (161)         (171)         (220)         (303)
DreamWorks Animation SKG Glendale Dec         (308)              56           (36)              87           171           151           142
Ryland Group Westlake Village Dec           176           379              42           (30)           (81)         (143)         (370)
PS Business Parks Glendale Dec           205           116              94           100              96              91              84
KBS Real Estate Investment Trust II Newport Beach Dec           446              56              46              22                6              12              (3)
On Assignment Calabasas Dec              79              55              37              24           (10)                5              19
DineEquity Glendale Dec              36              72           128              75              (3)              31         (154)
Masimo Irvine Dec              74              56              62              64              73              54              32
CVB Financial Ontario Dec           104              96              77              82              63              65              63
Marcus & Millichap Calabasas Dec              50                8              28              13                8               -                 -  
Cornerstone OnDemand Santa Monica Dec           (65)           (40)           (31)           (64)           (48)              (8)           (10)
Griffin-American Healthcare REIT III Irvine Dec              (9)                0




Korn/Ferry Intl Los Angeles Apr              73              33              54              59                5           (10)              66
Tetra Tech Pasadena Sep           109              (2)           105              93              77              87              61
Sabra Health Care REIT Irvine Dec              47              34              20              13                0               -                 -  
99 Cents Only Stores City of Commerce Jan 15           (12)                6              (9)              44              74              60              10
ICU Medical San Clemente Dec              26              40              41              45              30              25              24
LTC Properties Westlake Village Dec              73              58              51              50              46              44              43
Guess? Inc Los Angeles Jan 15              97           158           181           271           295           246           215
Crown Media Holdings Studio City Dec              95              68           107           319              24           (23)           (40)
Wesco Aircraft Holdings Valencia Sep           102           105              92              76              74              58              59
OSI Systems Hawthorne Jun              48              44              46              33              24              11              14
Semtech Camarillo Jan 15              28         (164)              42              89              73                1              38
Kythera Biopharmaceuticals Calabasas Dec         (136)           (52)           (37)           (11)           (16)           (15)           (20)
Kaiser Aluminum Foothill Ranch Dec              72           105              86              25              12              71           (69)
PennyMac Mortgage Investment Trust Moorpark Dec           195           200           138              64              24              (2)               -  
KB Home Los Angeles Nov           918              40           (59)         (179)           (69)         (102)         (976)
Qlogic Aliso Viejo Mar 15              51           (18)              74           119           141              68           124
Griffin Capital Essential Asset REIT El Segundo Dec                0           (24)              (6)



Smart & Final Stores Commerce Dec              33                8                5                7              (0)              (3)
BJs Restaurants Huntington Beach Dec              27              21              31              32              23              13              10
The Ensign Group Mission Viejo Dec              34              26              41              48              41              32              28
Tower Semiconductor Ltd (USA) Newport Beach Dec              (1)         (108)           (70)           (19)           (42)         (120)         (105)
BBCN Bancorp Los Angeles Dec              89              82              83              27              (7)              (6)                3
KBS Real Estate Investment Trust III Newport Beach Dec           (12)           (22)              (8)              (2)


TrueCar Santa Monica Dec           (48)           (25)           (74)              (9)              (4)              (7)
Endologix Irvine Dec           (32)           (16)           (36)           (29)              11              (2)           (12)
Breitburn Energy Partners LP Los Angeles Dec           421           (44)           (41)           111              35         (107)           378
Stamps.com El Segundo Dec              37              44              39              26                6                6              10
Uti Worldwide Long Beach Jan 15         (203)           (78)           (94)              79              75              46           (10)
Global Eagle Entertainment Los Angeles Dec           (57)         (115)           (43)           (19)           (19)           (27)
Tutor Perini Sylmar Dec           108              87         (265)              86           104           137           (75)
Ixia Calabasas Dec           (42)              12              45              24              11           (44)           (16)
Quality Systems Irvine Mar 15              27              16              43              76              62              48              46
Kofax Ltd Irvine Jun              11              10              17              17












Total all 101 with Market Cap of $1 bil +
    37,964     37,911     38,050     27,961     30,483     27,419        2,933










2014 Earnings Increase Over 2008:








….. Amount

    35,031




….. Percentage

1,194%





Of the above 101 Los Angeles Area Companies, Financial Companies comprised 34 of them.  The Total Audited Net Income from Continuing Operations of these 34 largest Los Angeles Area Financial Companies for 2014 was $12.353 bil, an increase of a massive $20.993 bil as compared with the $8.640 bil of Total Losses in the 2008 US Financial Meltdown year.

Clearly, the Los Angeles Area Company earnings renaissance since the 2008 US financial meltdown was driven predominately by its Financial Companies ...... precisely 60% of it.  The Los Angeles area is deeply indebted to mainly Barack Obama and Ben Bernanke.

Below here are these 34 Financials, shown by Market Capitalization: 



2014 2013 2012 2011 2010 2009 2008


2014 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)
Los Angeles Area Financial Co HQs
mil $s mil $s mil $s mil $s mil $s mil $s mil $s










Public Storage Glendale Dec        1,150        1,057           930           834           689           797           982
HCP Inc Long Beach Dec           907           911           801           550           321           103           228
American Honda Finance Torrance Mar           956        1,002        1,268        1,169


CBRE Group Los Angeles Dec           514           322           304           240           142           (28)     (1,076)
Macerich Santa Monica Dec        1,607           159           303           209              32           181              97
Oaktree Capital Group Los Angeles Dec        2,176        6,211        6,672         (309)        5,281     11,874     (7,638)
Toyota Motor Credit Corp Torrance Mar 15        1,197           857        1,331        1,486        1,853        1,063         (623)
Alexandria Real Estate Equities Pasadena Dec              99           135              95           136              78           135           100
Ares Management LP Los Angeles Dec           546           813        1,236           923        2,081               -                 -  
Kilroy Realty Los Angeles Dec              59              15              (5)                5              10              28              41
East West Bancorp Pasadena Dec           342           295           282           245           165              82           (50)
PacWest Bancorp Los Angeles Dec           170              45              57              51           (62)              (9)         (728)
City National Los Angeles Dec           259           233           209           176           135              52           110
Air Lease Los Angeles Dec           256           190           132              53           (52)               -                 -  
First American Financial Santa Ana Dec           234           187           302              79           129           134           (72)
Douglas Emmett Inc Santa Monica Dec              53              53              28                2           (33)           (34)           (36)
American Homes 4 Rent Malibu Dec           (33)           (20)           (10)              (0)
              -                 -  
Colony Capital Santa Monica Dec           160           126              68              43              18              (0)               -  
Sunstone Hotel Investors Aliso Viejo Dec              83              22                1              48           (30)           (44)              28
Mercury General Los Angeles Dec           178           112           117           191           152           403         (242)
Hudson Pacific Properties Los Angeles Dec              24                1              (5)              (2)              (3)              (1)              (3)
Kennedy-Wilson Holdings Beverly Hills Dec              90              14                7                7                6           (10)                1
Cathay General Bancorp Los Angeles Dec           138           124           118           101              12           (67)              51
PS Business Parks Glendale Dec           205           116              94           100              96              91              84
KBS Real Estate Investment Trust II Newport Beach Dec           446              56              46              22                6              12              (3)
CVB Financial Ontario Dec           104              96              77              82              63              65              63
Marcus & Millichap Calabasas Dec              50                8              28              13                8               -                 -  
Griffin-American Healthcare REIT III Irvine Dec              (9)                0




Sabra Health Care REIT Irvine Dec              47              34              20              13                0               -                 -  
LTC Properties Westlake Village Dec              73              58              51              50              46              44              43
PennyMac Mortgage Investment Trust Moorpark Dec           195           200           138              64              24              (2)               -  
Griffin Capital Essential Asset REIT El Segundo Dec                0           (24)              (6)



BBCN Bancorp Los Angeles Dec              89              82              83              27              (7)              (6)                3
KBS Real Estate Investment Trust III Newport Beach Dec           (12)           (22)              (8)              (2)












Total all 34 Financial Companies

    12,353     13,468     14,764        6,606     11,160     14,863     (8,640)










2014 Earnings Increase Over 2008:

    20,993