Saturday, June 6, 2015

Georgia Companies 2014 Audited Earnings Up 20 Times Over 2008 Earnings ..... Driven In Part By President Obama, Atlanta Mayor Kasim Reed, US House Democratic Members and the US Fed

From a very thorough review of SEC filings, I found 52 Companies headquartered in Georgia with Stock Market Capitalizations now of at least $1 bil.

So just how have these 52 largest Georgia 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 52 largest Georgia Companies was $30.833 bil, an increase of an exceptionally off-the-charts 2017% over the $1.459 bil comparable Total Earnings generated by these same companies in their 2008 fiscal year ends.

Further, for the most recent two fiscal years 2014 and 2013, Combined Audited Earnings of $73.217 bil were a massive $60.190 bil above the financial meltdown 2009 and 2008 comparable earnings of $13.027 bil.

So if the question to answer is how much better off are these largest Georgia Companies now than they were during their 2008 financial meltdown fiscal years, the answer is 20 times better, and for the two most recent years combined, more than $60 bil 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 Georgia Companies and among others, President Obama, Atlanta Mayor Kasim Reed, Georgia Democratic US House Members Sanford Bishop, Hank Johnson, John Lewis and David Scott, and the US Fed have all undoubtedly helped here.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 52 largest Georgia 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


FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
HQs
mil $s mil $s mil $s mil $s mil $s mil $s mil $s
Georgia Company








Coca-Cola Atlanta Dec       7,124       8,626       9,086       8,634    11,859       6,906       5,874
Home Depot Atlanta Jan 15       6,345       5,385       4,535       3,883       3,338       2,620       2,312
United Parcel Service Atlanta Dec       3,032       4,372          807       3,804       3,338       1,968          655
AFLAC Columbus Dec       2,951       3,158       2,866       1,964       2,344       1,497       1,254
SunTrust Banks Atlanta Dec       1,785       1,361       1,984          660          206    (1,552)          807
IntercontinentalExchange Group Atlanta Dec       1,016          270          562          522          407          314          301
Invesco Ltd Atlanta Dec       1,005          918          569          622          637          209          421
Genuine Parts Atlanta Dec          711          685          648          565          476          400          475
Coca-Cola Enterprises Atlanta Dec          663          667          677          749          624          576          514
Delta Airlines Atlanta Dec          659    10,540       1,009          854    (1,237)    (1,237)    (8,922)
Mohawk Industries Calhoun Dec          532          367          251          178          190             (1)    (1,453)
Rock-Tenn Norcross Sep          484          733          252          146          231          226             87
AGCO Corp Duluth Dec          404          592          516          585          220          135          386
Equifax Atlanta Dec          374          342          275          242          275          241          279
Newell Rubbermaid Atlanta Dec          373          416          391          135          288          286          (48)
FleetCor Technologies Norcross Dec          369          285          216          147          108             89             97
Arris Group Suwanee Dec          327          (49)             53          (18)             64             91        (130)
Total System Services Columbus Dec          281          255          249          223          209          226          253
Global Payments Atlanta May          270          239          218          229          223          207          161
RPC Inc Atlanta Dec          245          167          274          296          147          (23)             83
Post Properties Atlanta Dec          238             81             83             26             (7)          (96)          (96)
Carter's Atlanta Dec          195          160          161          114          146          116             78
Synovus Financial Columbus Dec          195          159          830          (61)        (834)    (1,434)        (580)
NCR Duluth Dec          185          456          475             49          119             65          248
Primerica Duluth Dec          180          159          173          178          258          495          168
Acuity Brands Atlanta Aug          176          127          116          106             79             85          149
Flower Foods Thomasville Dec          176          231          136          123          137          134          122
Rollins Atlanta Dec          138          123          111          101             90             84             69
Asbury Automotive Group Duluth Dec          112          101             83             48             37             26        (325)
Travelport Worldwide Ltd Atlanta Dec             91        (207)        (299)        (211)        (122)          111
Schweitzer-Mauduit Intl Alpharetta Dec             90             78          104             88             71             60             17
Graphic Packaging Holding Atlanta Dec             89          147          120          275             11             56          (99)
Manhattan Associates Atlanta Dec             82             67             52             45             28             17             23
Aaron's Atlanta Dec             78          121          173          114          118          113             86
Neenah Paper Alpharetta Dec             69             49             40             29             25             (2)          (46)
United Community Banks Blairsville Dec             68          273             34        (227)        (504)        (229)          (64)
Ebix Inc Atlanta Dec             64             59             71             71             59             39             27
Mueller Water Products Atlanta Sep             56             35             (5)          (38)          (45)        (997)             42
Saia Inc Johns Creek Dec             52             44             32             11               2             (9)          (20)
Axiall Atlanta Dec             50          168          121             58             43          131        (255)
Gray Television Atlanta Dec             48             18             28               9             23          (23)        (202)
Oxford Industries Atlanta Jan 15             46             45             31             29             16               1        (278)
Piedmont Office Trust Realty Johns Creek Dec             40             72             60             90          112             63          118
Popeyes Louisiana Kitchen Atlanta Dec             38             34             30             24             23             19             19
Cousins Properties Inc Atlanta Dec             32          112             28        (135)          (24)             14             24
Interface Atlanta Dec             25             48             23             38             10             13          (35)
ExamWorks Group Carrollton Dec             10          (10)          (15)             (8)             (6)             (4)             (2)
MiMedx Group Marietta Dec               6             (4)             (8)          (10)          (11)          (12)          (17)
HD Supply Holdings Atlanta Jan 15             (4)        (221)    (1,111)        (562)        (614)        (481)    (1,148)
MedAssets Alpharetta Dec          (20)             27             (7)          (15)          (32)             20             11
Invesco Mortgage Capital Atlanta Dec        (202)          143          344          287          104             18             (0)
Ocwen Financial Atlanta Dec        (470)          310          181             78             34             (3)             19



                           
Total all 52 Georgia Companies

   30,883    42,334    27,633    25,144    23,293    11,568       1,459










2014 Earnings % Increase Over 2008
2017%





2013-14 Earnings Above 2008-9

   60,190






On the job front, the US Bureau of Labor reported that the unemployment rate for the State of Georgia has dropped sharply from 10.5% in December 2010 to 6.3% in the most recently reported April 2015.

Also, the US Bureau of Labor reported that the unemployment rate for the Atlanta-Sandy Springs-Roswell, GA Metro Area has dropped even more sharply from 10.6% in January 2011 to 5.6% in the most recently reported April 2015.