Thursday, June 11, 2015

San Francisco/Silicon Valley Technology Companies 2014 and 2013 Two Year Audited Earnings Up $161 Bil From Two Year 2009 and 2008 Audited Earnings, Driven In Part By President Obama, Governor Jerry Brown, California US Senators Feinstein and Boxer, Nancy Pelosi and the Other California US House Members, and the US Fed

From a very thorough review of SEC filings, I found an amazingly high number of 112 Technology Companies headquartered in the San Francisco/Silicon Valley Area of California with Stock Market Capitalizations now of at least $1 bil and which have filed 2014 financial statements with the SEC.

So just how have these 112 largest San Francisco/Silicon Valley Area Technology Companies done on the earnings front before, during and after the 2008 financial meltdown?  Just absolutely off-the-charts earnings improvement.

The Total Audited Net Income from Continuing Operations of these 112 largest San Francisco/Silicon Valley Area Technology Companies for the Two Years 2014 and 2013 Combined was $228 bil, an increase of an exceptionally off-the-charts $161 bil over the $67 bil comparable Total Earnings generated by these same companies in the US financial meltdown years of 2008 and 2009 Combined.

So if the question to answer is how much better off are these largest San Francisco/Silicon Valley Area Technology Companies now than they were during their 2008 and 2009 financial meltdown fiscal years, the answer is $161 bil better as audited earnings under US generally accepted accounting principles (US GAAP) are measured by the very prestigious US accounting profession.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 112 largest San Francisco/Silicon Valley Area Technology Companies for all of their fiscal years reported from 2008 through 2014, sorted by current Stock Market Capitalization:


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)
California Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s mil $s
San Francisco Bay and Silicon Valley Areas







…..Technology


  




Apple Cupertino Sep     39,510     37,037     41,733     25,922     14,013        8,235        4,834
Google Mountain View Dec     13,928     13,347     10,788        9,737        8,505        6,520        4,227
Facebook Menlo Park Dec        2,940        1,500              53        1,000           606           229           (56)
Oracle Redwood City May     10,955     10,925        9,981        8,547        6,135        5,593        5,521
Visa Foster City Sep        5,438        4,980        2,142        3,646        2,964        2,352           804
Intel Santa Clara Dec     11,704        9,620     11,005     12,942     11,464        4,369        5,292
Cisco Systems San Jose Jul        7,853        9,983        8,041        6,490        7,767        6,134        8,052
eBay Inc San Jose Dec              46        2,856        2,609        3,229        1,801        2,389        1,779
Hewlett-Packard Palo Alto Oct        5,013        5,113   (12,650)        7,074        8,761        7,660        8,329
Salesforce.com San Francisco Jan 15         (263)         (232)         (270)           (12)              70              85              48
Netflix Los Gatos Dec           267           112              17           226           161           116              83
Adobe Systems San Jose Nov           268           290           833           833           774           387           872
Yahoo! Sunnyvale Dec        7,532        1,377        3,951        1,063        1,245           605           425
VMware Palo Alto Dec           886        1,014           746           724           357           197           290
Avago Technologies San Jose Oct           309           552           563           552           415           (44)              57
Intuit Mountain View Jul           861           823           764           634           539           447           447
LinkedIn Mountain View Dec              15              27              22              12                3              (4)              (5)
Applied Materials Santa Clara Oct        1,072           256           109        1,926           938         (305)           961
Twitter San Francisco Dec         (578)         (645)           (79)         (128)           (67)

Electronic Arts Redwood City Mar 15           875                8              98              76         (276)         (677)     (1,088)
Seagate Technology Cupertino Jun        1,570        1,838        2,862           511        1,609     (3,125)        1,251
Symantec Mountain View Mar 15           878           898           755        1,172           593           714     (6,786)
Altera San Jose Dec           473           440           557           771           783           251           360
Check Point Software San Carlos Dec           660           653           620           544           453           358           324
Workday Pleasanton Jan 15         (248)         (173)         (119)           (80)           (56)           (50)           (51)
Equinix Redwood City Dec         (261)              96           130              92              36              69           108
Palo Alto Networks Santa Clara Jul         (226)           (29)                1           (13)           (21)           (19)           (16)
SanDisk Milpitas Dec        1,007        1,043           417           987        1,300           415     (1,987)
Agilent Technologies Santa Clara Oct           504           724        1,153        1,012           684           (31)           693
Lam Research Fremont Jun           632           114           169           724           347         (302)           439
Autodesk San Rafael Jan 15              82           229           247           285           212              58           184
Xilinx San Jose Mar 15           648           630           488           530           642           357           362
NVIDIA Santa Clara Jan 15           631           440           563           581           253           (68)           (30)
Linear Technology Milpitas Jun           460           407           398           581           361           289           367
Juniper Networks Sunnyvale Dec         (334)           440           187           425           619           115           512
NetApp Sunnyvale Apr 15           560           638           505           605           673           400              65
Maxim Integrated Products San Jose Jun           355           452           355           489           125              10           318
KLA-Tencor Milpitas Jun           583           543           756           794           212         (523)           359
Splunk San Francisco Jan 15         (217)           (79)           (37)           (11)              (4)              (7)           (15)
FireEye Milpitas Dec         (444)         (121)           (36)           (17)              (9)              (9)
Synopsys Mountain View Oct           259           248           182           221           237           168           190
GoPro San Mateo Dec           128              61              32              25              12

Marvell Technology Group Santa Clara Jan 15           435           315           307           615           904           353           147
NetSuite San Mateo Dec         (100)           (70)           (35)           (32)           (27)           (24)           (17)
Fortinet Sunnyvale Dec              25              44              67              62              41              60                7
Flextronics San Jose Mar 15           601           366           303           521           612              32     (5,929)
Trimble Navigation Sunnyvale Dec           214           218           190           149           104              64           141
Cadence Design Systems San Jose Dec           159           164           440              72           127         (150)     (1,857)
Arista Networks Santa Clara Dec              87              43              21              34                2

Solar City San Mateo Dec         (375)         (152)         (114)           (74)           (47)           (23)           (26)
Brocade Communication Syst San Jose Oct           238           209           195              51           117           (83)           166
Informatica Redwood City Dec           114              86              93           117              86              64              56
Cypress Semiconductor San Jose Dec              17            (51)            (25)           167              75          (151)          (319)
SunPower Corp San Jose Dec           183              34         (352)         (614)           167              33         (124)
VeriFone Systems San Jose Oct           (36)         (295)              66           283              99         (157)         (411)
Cavium San Jose Dec           (26)           (14)         (114)                0              37           (21)                2
Atmel Corp San Jose Dec              32           (22)              30           315           423         (109)           (27)
Cepheid Sunnyvale Dec           (50)           (17)           (20)                3              (6)           (23)           (22)
Dolby Laboratories San Francisco Sep           209           190           265           311           283           244           201
Synaptics San Jose Jun              47              99              54              64              52              48              26
Guideware Software Foster City Jul              15              25              19              36              16           (11)           (17)
Integrated Device Technology San Jose Mar 15           115           111                3              37              94              65     (1,027)
Ambarella  Santa Clara Jan 15              51              26              18              10              14              13              (3)
Veeva Systems Pleasanton Jan 15              40              24              19                4                4                1
Yelp! San Francisco Dec              36           (10)           (19)           (17)           (10)              (2)              (6)
Riverbed Technology San Francisco Dec              71           (12)              55              64              34                7              11
SYNNEX Fremont Nov           180           152           153           151           117              86              77
JDS Uniphase Milpitas Jun           (18)              57           (26)              72           (60)         (906)           (42)
Ubiquiti Networks San Jose Jun           177              80           103              50              (5)              10                5
Zynga San Francisco Dec         (226)           (37)         (209)         (404)              91           (53)           (22)
Aruba Networks Sunnyvale Jul           (29)           (32)              (9)              71           (34)           (23)           (17)
Infinera Corp Sunnyvale Dec              14         (32)           (85)           (82)           (28)           (87)              79
Fair Isaac San Jose Sep              95              90              92              72              64              65              81
Proofpoint  Sunnyvale Dec            (64)            (28)            (20)            (20)            (21)            (20)            (26)
Finisar Sunnyvale Apr           112              (8)              43              88           (23)         (262)           (33)
Advent Software San Francisco Dec              50              29              30              28              24              21              17
Mellanox Technologies Sunnyvale Dec            (24)            (23)           112              10              14              13              22
Financial Engines Sunnyvale Dec              37              30              19              15              64                6              (4)
Nimble Storage   San Jose Jan 15            (99)            (43)            (28)            (17)              (7)

Fairchild Semiconductor San Jose Dec           (35)                5              25           146           153           (60)         (167)
Barracuda Networks    Campbell Feb 15            (67)              (4)              (8)              (0)                2                5                3
Monolithic Power Systems San Jose Dec              35              23              16              13              30              20              24
Box Inc Los Altos Jan 15         (168)         (169)         (113)           (50)    

Tessera Technologies San Jose Dec           175           (41)              35              36              92              80                5
Electronics for Imaging Fremont Dec              34           109              83              27                7              (2)         (113)
TriNet Group San Leandro Dec              15              13              32              15              (9)              18                9
Zendesk San Francisco Dec            (67)            (23)            (24)              (7)


Ellie Mae  Pleasanton Dec              15              13              19                4                1                2              (1)
Imperva  Redwood Shores Dec            (59)            (26)              (8)            (11)            (12)            (12)              (8)
Polycom San Jose Dec              42           (19)           (36)           126              68              50              76
PMC-Sierra Sunnyvale Dec                0           (32)         (336)              80              89              47           128
Advanced Micro Devices Sunnyvale Dec         (403)           (83)     (1,183)           495           471           296     (2,412)
Sanmina San Jose Sep           197              79           180              69           122         (138)         (513)
Trulia  San Francisco Dec              76            (18)            (11)              (6)              (4)              (7)              (8)
Intersil Milpitas Dec              55                3           (38)              67              26              39     (1,063)
Rambus Sunnyvale Dec              26           (34)         (134)           (43)           151           (92)         (199)
Super Micro Computer San Jose Jun              54              21              30              40              27              16              25
WageWorks  San Mateo Dec              18              22              10              33            (17)              (1)              (4)
Infoblox Santa Clara Jul           (24)              (4)              (8)              (5)                7           (10)           (11)
Coherent Santa Clara Sep              59              66              63              93              37           (35)              23
Rovi Corp Santa Clara Dec           (14)              21           (20)              39           227           (18)              15
OmniVision Technologies Santa Clara Apr 15              93              95              43              66           124                7           (37)
New Relic San Francisco Mar 15            (50)            (40)            (23)              (8)


Power Integrations San Jose Dec              60              57           (34)              34              49              23                2
Qualys  Redwood City Dec              30                2                2                2                1                1              (1)
Omnicell Mountain View Dec              31              24              16              10                5                0              13
InvenSense  San Jose Mar 15              (1)                6              52              37                9              15                0
RingCentral  San Mateo Dec            (48)            (46)            (35)            (14)              (7)              (6)
Marketo  San Mateo Dec            (55)            (47)            (34)            (23)            (12)              (6)
Hortonworks Palo Alto Dec          (177)            (37)            (12)



Netgear San Jose Dec                9              55              87              91              51                9              18
COUPONS.com Mountain View Dec            (23)            (11)            (59)            (23)            (12)              (9)










Total all 112

  118,471   109,961     90,859     98,266     80,309     42,670     24,432










Two Years Total Earnings:








….. 2014 and 2013

  228,432





….. 2009 and 2008

    67,103





…….. Two Year Earnings Increase

  161,329