Wednesday, June 3, 2015

Maryland Area Companies 2014 Audited Earnings Up 21 Times Over 2008 Earnings ..... Driven In Part By President Obama, Maryland US Senators and House Members, Former Governor O'Malley and the US Fed

From a very thorough review of SEC filings, I found 33 Companies headquartered in Maryland with Stock Market Capitalizations now of at least $1 bil.

So just how have these 33 largest Maryland 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 33 largest Maryland Companies was $11.352 bil, an increase of an exceptionally off-the-charts 2100% over the $0.516 bil comparable Total Earnings 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 Maryland Companies now than they were during their 2008 financial meltdown fiscal years, the answer is 21 times better, or more than $10 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 Maryland Companies and among others, President Obama, Maryland Free and Fair Trade US Senator Ben Cardin, Maryland US Senator Barb Mikulski, Maryland Exceptional US House Democratic Members Elijah Cummings, John Delaney, Donna Edwards, Chris Van Hollen, Steny Hoyer, Dutch Ruppersberger and John Sarbanes, Former Maryland Governor Martin O'Malley and the US Fed have all undoubtedly helped here.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 33 largest Maryland Companies for all of their fiscal years from 2008 through 2014:


2014 2013 2012 2011 2009 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)
Maryland Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s mil $s









Lockheed Martin Bethesda Dec        3,614     2,950     2,745     2,667     2,614     2,967     3,217
T Rowe Price Group Baltimore Dec        1,230      1,048         884         773         672         434         491
Discovery Communications Silver Spring Dec        1,137     1,077         956     1,134         647         570         404
Marriott Intl Bethesda Dec           753         626         571         198         458       (353)         344
Host Hotels & Resorts Bethesda Dec           747         210            (8)          (12)       (128)       (197)         382
American Capital Bethesda Dec           434         184      1,136         974         998       (910)    (3,115)
Colfax Fulton Dec           420         209         (42)              5           16           24              1
McCormick & Co Sparks Nov           409         366         386         349         345         284         256
United Therapeutics Silver Spring Dec           340         175         304         217         111           19         (50)
WR Grace Columbia Dec           277         258           41         269         207           81         137
Legg Mason Baltimore Mar 15           243         282       (360)         231         246         211    (1,965)
Omega Healthcare Investors Hunt Valley Dec           221         173         121           53           58           82           78
Sinclair Broadcast Group Hunt Valley Dec           215           64         144           77           76       (138)       (249)
LaSalle Hotel Properties Bethesda Dec           213           90           72           43              3              6           31
Under Armour Baltimore Dec           208         162         129           97           68           47           38
MICROS Systems Columbia Jun           182         172         167         145         115           98         102
Federal Realty Investment Trust Rockville Dec           168         138         143         132         126         101         120
Diamondrock Hospitality Bethesda Dec           163           24         (18)           (8)         (11)         (10)           48
RLJ Lodging Trust Bethesda Dec           136         107           43         (10)         (42)       (125)         (28)
U. S. Silica Holdings Frederick Dec           122           75           79           30           11              6           17
Choice Hotels Intl Rockville Dec           121         113         121         110         107           98         100
Pebblebrook Hotel Trust Bethesda Dec              74           43           27           15           (7)            -              -  
Inovalan Holdings Bowie Dec              65           33           55           25


Chesapeake Lodging Trust Annapolis Dec              61           45           27              9           (1)            -              -  
Saul Centers Bethesda Dec              58           35           35           30           40           43           48
Eagle Bancorp Bethesda Dec              54           47           35           25           17           10              7
Emergent BioSolutions Rockville Dec              37           30           18           16           47           27           20
Corporate Office Properties Trust Columbia Dec              35           37              8       (113)           37           55           54
Broadsoft Gaithersburg Dec                1           (9)           12           32              8           (8)         (11)
2U, Inc Landover Dec           (29)         (28)         (23)         (25)


Ciena Corp Hanover Oct           (41)         (85)       (144)       (196)       (334)       (581)           39
Novavax Rockville Dec           (83)         (52)         (29)         (19)         (36)         (40)         (35)
American Capital Agency Bethesda Dec          (233)      1,259      1,277         770         288         119           35










Total all 33

    11,352     9,858     8,912     8,043     6,756     2,920         516










2014 Earnings Increase Over 2008:







….. Amount

    10,836





….. Percentage

2100%















2014 Earnings % Increase Over 2013

15%






On the job front, the US Bureau of Labor reported that the unemployment rate for the State of Maryland has dropped from 7.8% in February 2010 to 5.3% in the most recently reported April 2015.