One Company.....QUALCOMM..... dominates the San Diego Area with a Stock Market Capitalization now of significantly more than $100 bil. QUALCOMM has experienced consistent robust Audited Earnings growth in each of the most recent 5 years. Its 2014 Audited Earnings of $7.534 bil were up 10% up from 2013, up 43% from 2012, up 65% from 2011, up 114% from 2010 and up 320% from 2009.
There are 26 Somewhat Smaller San Diego Area Companies with Stock Market Capitalizations now in the range of $1 bil to $31 bil. Precisely half of these 26 are Health Care Companies, mostly Biotechnology ones.
So just how have these 26 Somewhat Smaller San Diego Companies done on the earnings front before, during and after the 2008 financial meltdown? Just spectacular off-the-charts earnings improvement.
The Total Audited Net Income from Continuing Operations of these 26 Somewhat Smaller San Diego Area Companies for 2014 was $1.057 bil, an increase of an incredibly off-the-charts 4,696% over the $0.023 bil comparable Loss in the 2008 US financial meltdown year.
So if the question to answer is how much better off are these Somewhat Smaller San Diego Area Companies now than they were in their 2008 financial meltdown year, the answer is 46 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 the Somewhat Smaller San Diego Area Companies and among others, President Obama, Free and Fair Trade Advocate California US Senator Dianne Feinstein, Barbara Boxer, Nancy Pelosi and the other 38 US House California Democrats, especially those representing Districts in the greater San Diego Area, California Governor Jerry Brown, and the US Fed have all undoubtedly helped here.
Below here are the reported US GAAP Audited Net Income (Losses) of each of these 26 Somewhat Smaller San Diego Area 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) | ||
| San Diego Area Smaller Co | HQs | $ mils | $ mils | $ 000s | $ 000s | $ 000s | $ 000s | $ 000s | |
| …..Technology | |||||||||
| Cubic Corp | San Diego | Sep | 70 | 25 | 98 | 85 | 71 | 56 | 37 |
| ViaSat | Carlsbad | Mar 15 | 40 | (9) | (41) | 8 | 36 | 31 | 38 |
| ServiceNow | San Diego | Dec | (179) | (74) | (37) | 10 | (30) | (6) | (6) |
| …..Health Care | |||||||||
| Illumina | San Diego | Dec | 353 | 125 | 151 | 87 | 125 | 72 | 39 |
| ResMed | San Diego | Jun | 345 | 307 | 255 | 227 | 190 | 146 | 110 |
| AMN Healthcare Services | San Diego | Dec | 33 | 33 | 16 | 5 | (53) | (122) | 34 |
| Ligand Pharmaceuticals | La Jolla | Dec | 11 | 9 | (3) | 10 | (13) | (8) | (97) |
| NuVasive | San Diego | Dec | (17) | 7 | 2 | (71) | 77 | 4 | (28) |
| DexCom | San Diego | Dec | (22) | (30) | (55) | (45) | (55) | (54) | (59) |
| Isis Pharmaceuticals | Carlsbad | Dec | (39) | (61) | (65) | (85) | (61) | (35) | (15) |
| Auspex Pharmaceuticals | San Diego | Dec | (60) | (16) | (15) | (3) | |||
| Neurocrine Biosciences | San Diego | Dec | (61) | (46) | 5 | 38 | (8) | (51) | (89) |
| Arena Pharmaceuticals | San Diego | Dec | (61) | (19) | (85) | (109) | (125) | (153) | (238) |
| Halozyme Therapeutics | San Diego | Dec | (68) | (83) | (54) | (20) | (53) | (58) | (49) |
| ACADIA Pharmaceuticals | San Diego | Dec | (92) | (38) | (21) | (23) | 15 | (45) | (64) |
| Receptos | San Diego | Dec | (115) | (48) | (18) | (6) | |||
| ….Finance | |||||||||
| Realty Income | Escondido | Dec | 269 | 181 | 142 | 151 | 121 | 119 | 108 |
| BioMed Realty Trust | San Diego | Dec | 201 | 47 | 16 | 43 | 39 | 60 | 63 |
| Encore Capital Group | San Diego | Dec | 100 | 75 | 79 | 61 | 49 | 33 | 14 |
| Bofl Holding | San Diego | Jun | 56 | 40 | 29 | 21 | 21 | 7 | 4 |
| American Assets Trust | San Diego | Dec | 31 | 23 | 14 | 14 | 2 | 5 | (12) |
| Retail Opportunity Investments | San Diego | Dec | 21 | 35 | 8 | 10 | (0) | (9) | 3 |
| Excel Trust | San Diego | Dec | 9 | 8 | 2 | (5) | (5) | 0 | (0) |
| …..Services | |||||||||
| Jack in the Box | San Diego | Sep | 95 | 83 | 68 | 81 | 70 | 131 | 118 |
| PriceSmart | San Diego | Aug | 93 | 84 | 68 | 62 | 49 | 43 | 38 |
| …..Other Sectors | |||||||||
| WD-40 Company | San Diego | Aug | 44 | 40 | 35 | 36 | 36 | 26 | 28 |
| Total all 26 | 1,057 | 698 | 594 | 582 | 498 | 192 | (23) | ||
| 2014 Earnings % Over 2008 | 4,696% | ||||||||
| Two Year Earnings: | |||||||||
| ….. 2014 and 2013 | 1,755 | ||||||||
| ….. 2009 and 2008 | 169 | ||||||||
| ………. Earnings Increase | |||||||||
| …………… Amount | 1,586 | ||||||||
| …………… % | 938% |
On the job front, the US Bureau of Labor reported that the unemployment rate for the State of California has dropped sharply from 12.2% in October 2010 to 6.3% in the most recently reported April 2015.
Also, the US Bureau of Labor reported that the unemployment rate for the San Diego-Carlsbad Metro Area has dropped even more sharply from 11.1% in July 2010 to 4.8% in the most recently reported April 2015.
