Sunday, June 7, 2015

Colorado Companies 2014 Audited Earnings Up 14 Times Over 2008 ..... Driven In Part By President Obama, Colorado Governor John Hickenlooper, Colorado US Senator Michael Bennet, Colorado US Democratic House Members Diana DeGette, Ed Perlmutter and Jared Polis, and the US Fed

From a very thorough review of SEC filings, I found 47 Companies headquartered in highly entrepreneurial State of Colorado with Stock Market Capitalizations now of at least $1 bil.

So just how have these 47 largest Colorado Companies done on the earnings front before, during and after the 2008 financial meltdown?  Just absolutely off-the-charts earnings improvement.

The 2014 Total Audited Net Income from Continuing Operations of these 47 largest Colorado Companies was $8.416 bil, an increase of an exceptionally off-the-charts 1,451% over the $0.623 bil comparable Total Losses generated by these same companies in their 2008 fiscal year ends.

So if the question to answer is how much better off are these largest Colorado Companies now than they were during their 2008 financial meltdown fiscal years, the answer is more than 14 times better as audited earnings under US generally accepted accounting principles (US GAAP) are measured by the very prestigious US accounting profession.

There has been something upwardly explosive happening with the Audited Earnings of Colorado Companies and among others, President Obama, Colorado Governor John Hickenlooper, Colorado US Senator Michael Bennet, Colorado Democratic US House Members Diana DeGette, Ed Perlmutter and Jared Polis, and the US Fed have all undoubtedly helped here.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 47 largest Colorado Companies for all of their fiscal years reported from 2008 through 2014:


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
Colorado Companies HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)

 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils










Dish Network Englewood Dec          929          837          663       1,516          985          635          903
DaVita HealthCare Partners Denver Dec          863          744          641          577          484          479          421
Western Union Englewood Dec          852          798       1,026       1,165          910          849          919
SM Energy Co Denver Dec          666          171          (54)          215          197          (99)             87
Liberty Interactive Englewood Dec          578          554          605          587          836          (37)    
Molson Coors Brewing Denver Dec          517          571          438          675          670          732          403
Cimarex Energy Co Denver Dec          507          565          354          530          575        (312)        (915)
Ball Corp Broomfield Dec          498          435          422          469          549          391          315
Arrow Electronics Englewood Dec          498          400          507          599          480          124        (614)
Chipotle Mexican Grill Denver Dec          445          327          278          215          179          127             78
DCP Midstream Partners LP Denver Dec          437          217          229          119             72             (2)          189
Liberty Media Englewood Dec          395       8,991       1,160          593          997          637    (2,289)
Newmont Mining Greenwood Village Dec          369    (2,856)       2,187       1,108       3,144       2,109       1,147
Level 3 Communications Broomfield Dec          314        (109)        (422)        (827)        (621)        (624)        (321)
IHS Inc Englewood Nov          195          132          158          135          134          125             51
Woodward Fort Collins Sep          166          146          142          132          111             94          123
MarkWest Energy Partners LP Denver Dec          160             40          217          106             31        (113)          205
Janus Capital Group Denver Dec          155          122          112          153          169        (744)          147
EchoStar Englewood Dec          148               3          211               4          204          365        (958)
WhiteWave Foods Denver Dec          140             99          113          114             81             61             66
Envision Healthcare Greenwood Village Dec          120             11             41             34          132          115             85
PDC Energy Inc Denver Dec          107          (21)          (19)               3               6          (80)          106
Air Methods Englewood  Dec             99             63             93             47             43             27             16
Innospec Littleton Dec             84             78             67             49             74               6             13
TeleTech Holdings Englewood Cliffs Dec             71             71             74             78             76             76             77
Apartment Investment & Management Denver Dec             67             35          (19)        (142)        (164)        (198)        (118)
Whiting Petroleum Denver Dec             65          366          414          492          337        (107)          252
MDC Holdings Denver Dec             63          314             63          (98)          (65)             25        (381)
Royal Gold Inc Denver Jun             63             73             98             77             29             41             25
DCT Industrial Trust Denver Dec             47             (9)          (29)          (36)          (42)          (26)          (16)
Advanced Energy Industries Ft Collins Dec             47             32             20             37             54        (102)             (7)
CoreSite Realty Denver Dec             40             32             11          (11)          (12)             (7)          (14)
CSG Systems Englewood Dec             37             51             49             42             22             42             53
Red Robin Gourmet Burgers Greenwood Village Dec             33             32             28             21               7             18             27
Vail Resorts Broomfield Jul             28             38             16             34             36             51          108
Berry Petroleum Denver Dec             22             73          172        (228)             83             47          121
DigitalGlobal Longmont Dec             19          (68)             39          (28)               3             47             54
Bonanza Creek Energy Denver Dec             17             70             45             15             11        (130)          108
Antero Midstream Partners LP Denver Dec             17          (14)             (5)             (2)


UDR Inc Highlands Ranch Dec             16               2          (46)        (112)        (116)          (97)          (67)
Crocs Inc Niwot Dec             (5)             10          131          113             68          (42)        (185)
Antero Resources Denver Dec          (24)          (24)          225          271          (60)          (60)          (43)
Spectranetics Colorado Springs Dec          (41)             (0)               2               1          (13)          (13)             (4)
Array Biopharma Boulder Dec          (85)          (62)          (24)          (56)          (78)        (128)          (96)
Clovis Oncology Boulder Dec        (160)          (85)          (74)          (56)          (38)          (17)
Zayo Group Holdings Boulder Jun        (182)        (146)          (10)             (7)          (14)          (10)
Liberty Global Englewood Dec        (981)        (882)        (584)        (802)        (977)        (255)        (694)










Total all 47 Colorado Companies

      8,416    12,227       9,765       7,921       9,589       4,020        (623)










Earnings % Increase








….. 2014 Over 2008
1,451%