Fourteen of these 37 Companies have Stock Market Capitalizations now of more than $12 bil. Of these 14, three of them have Market Caps of at least $100 bil.
There are 23 Somewhat Smaller Minnesota Companies with Stock Market Capitalizations now of between $1 bil and $10 bil.
So just how have the 23 Somewhat Smaller Minnesota Companies done on the earnings front before, during and after the 2008 financial meltdown? Just incredibly well earnings improvement.
The Total Audited Net Income from Continuing Operations of these 23 Somewhat Smaller Minnesota Companies for the 2 years 2014 and 2013 Combined was $6.312 bil, an increase of an exceptional 1,019% over the $0.564 bil comparable Total Earnings in the 2 years 2009 and 2008 Combined.
So if the question to answer is how much better off are these Somewhat Smaller Minnesota Companies now than they were during their 2008/2009 financial meltdown fiscal years, the answer is more than 10 times better, or $5.7 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 Minnesota Somewhat Smaller Companies and among others, President Obama, Minnesota Governor Mark Dayton, Minnesota US Senators Al Franken and Amy Klobuchar, Minnesota Democratic US House Members Keith Ellison, Tim Walz, Betty McCollum, Colin Peterson and Rick Nolan, and the US Fed have all undoubtedly helped here.
Below here are the reported US GAAP Audited Net Income (Losses) of each of these 23 Somewhat Smaller Minnesota Companies for all of their fiscal years reported from 2008 through 2014:
|Minnesota Company||HQs||mil $s||mil $s||mil $s||mil $s||mil $s||mil $s||mil $s|
|CH Robinson Worldwide||Eden Prairie||Dec||450||416||594||432||387||361||359|
|Patterson||St Paul||Apr 15||223||201||210||213||225||212||200|
|SUPERVALU||Eden Prairie||Feb 15||127||13||(253)||(97)||(193)||50||(2,855)|
|Life Time Fitness||Chanhassen||Dec||114||121||111||93||81||72||72|
|Buffalo Wild Wings||Minneapolis||Dec||94||72||57||50||38||31||24|
|G&K Services Inc||Minnetonka||Jun||56||51||24||33||29||(73)||46|
|OneBeacon Group Ltd||Minnetonka||Dec||55||147||98||105||150||367||(337)|
|Apogee Enterprises||Minneapolis||Feb 15||51||28||19||5||(14)||31||51|
|HB Fuller||St Paul||Nov||50||96||68||89||71||84||19|
|Proto Labs||Maple Plain||Dec||42||35||24||18||11||4||7|
|MTS Systems||Eden Prairie||Sep||42||58||52||51||19||17||47|
|Stratasys Ltd||Eden Prairie||Dec||(119)||(27)||9||21||9||4||14|
|Total all 23 with Market Cap Between $1 bil and $10 bil||3,258||3,054||2,356||2,065||2,030||1,974||(1,410)|
|Two Year Total Earnings:|
|….. 2014 and 2013||6,312|
|….. 2009 and 2008||564|
|………. % Increase||1,019%|
On the job front, the US Bureau of Labor reported that the unemployment rate for the State of Minnesota has dropped precipitously from 8.3% in March 2010 to an almost unbelievably low 3.5% in the most recently reported April 2015.