Sunday, June 7, 2015

Washington State Smaller Companies 2012-4 Three Year Audited Earnings Up 90 Times From 2008-10 Three Year Audited Earnings ..... Driven In Part By President Obama, Washington US Senators Murray and Cantwell, Washington Democratic US House Members and the US Fed

From a very thorough review of SEC filings, I found 47 Companies headquartered in highly entrepreneurial State of Washington with Stock Market Capitalizations now of between $100 mil and $20 bil.

In addition, there are 7 Washington State Companies with Stock Market Capitalizations now of at least $20 bil.  These names are very familiar to just about everyone.  Their Total Audited Earnings in 2014 of $33.041 bil were up a very robust 86% over the comparable $17.770 bil Audited Earnings in 2012, as you can see in the below chart:



2014 2013 2012


2014 Audited Audited Audited


Most Net Net Net


Recent Income Income Income


FYE (Loss) (Loss) (Loss)
Washington State Company HQs
mil $s mil $s mil $s
Largest Washington Cos




Microsoft Redmond Jun    22,074    21,863    16,978
Amazon Seattle Dec        (241)          274          (39)
Boeing Chicago Dec       5,446       4,586       3,903
Starbucks Seattle Sep       2,068               9       1,385
Costco Issaquah Aug       2,088       2,061       1,767
T-Mobile US Bellevue Dec          247             35    (7,336)
PACCAR Bellevue Dec       1,359       1,171       1,112






Total all 7

   33,041    29,999    17,770






2014 Earnings Increase % Over 2012
86%


So just how have the 47 smaller Washington State 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 47 smaller Washington State Companies for the 3 years 2012-2014 Combined was $10.528 bil, an increase of an exceptionally off-the-charts 9,047% over the $0.115 bil comparable Total Earnings in the 3 years 2008-2010 Combined.

Of these 47 smaller Washington State Companies, there were 44 of them with Stock Market Capitalizations now of between $100 mil and $10 bil.

The Total Audited Net Income from Continuing Operations of these 44 smaller Washington State Companies for 2014 increased by 736% over 2008. For the 2 years 2013-4 Combined, the earnings increase was 699% over the 2 year Combined Earnings for 2008-9.

So if the question to answer is how much better off are these smaller Washington State Companies now than they were during their 2008 financial meltdown fiscal years, the answer is massively 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 Washington State Smaller Companies and among others, President Obama, Washington US Senators Patty Murray and Maria Cantwell, Washington Democratic US House Members Suzan Delbene, Denny Heck, Derek Kilmer, Rick Larsen, Jim McDermott and Adam Smith, and the US Fed have all undoubtedly helped here.

Below here are the reported US GAAP Audited Net Income (Losses) of each of  these 47 Smaller Wasington State 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)
Washington State Company HQs
mil $s mil $s mil $s mil $s mil $s mil $s mil $s
Smaller Washington Cos







Weyerhauser Federal Way Dec          828          491          312          319       1,274        (525)    (1,909)
Nordstrom Seattle Jan 15          720          734          735          683          613          441          401
Expedia Bellevue Dec          373          216          303          326          305          218    (2,521)
Alaska Air Group Seattle Dec          605          508          316          245          251          122        (136)
Expeditors Intl Washington Seattle Dec          380          350          333          386          344          240          303
F5 Networks Seattle Sep          311          277          275          241          151             92             74
Symetra Financial  Bellevue Dec          254          221          205          200          201          128             22
Plum Creek Timber Seattle Dec          214          214          203          193          213          236          233
Esterline Technologies Bellevue Oct          167          173          114          134          130          106          111
Washington Federal Seattle Sep          157          152          138          111          119             48             62
Outerwall Inc Bellevue Dec          107          208          160          115             66             44             46
Columbia Banking System Tacoma Dec             82             60             46             48             31             (4)               6
TrueBlue Tacoma Dec             66             45             34             31             19               9             (4)
Cray Inc Seattle Dec             62             32          161             14             15             (1)          (41)
Banner Corp Walla Walla Dec             54             47             65               5          (62)          (36)        (128)
Zumiez Lynnwood Jan 15             43             46             42             37             24               9             17
Pope Resources Poulsbo Dec             32             12             (7)               9               1             (1)               0
HomeStreet Seattle Dec             22             24             82             16          (34)        (110)               8
Heritage Financial Olympia Dec             21             10             13               7             13               1               6
Nautilis Inc Vancouver Dec             20             48             11               3          (10)          (19)          (53)
zulily  Seattle Dec             15             13          (10)          (11)             (7)

First Financial Northwest Renton Dec             11             24               3               4          (54)          (41)               5
Blue Nile Seattle Dec             10             11               8             11             14             13             12
Alder Biopharmaceuticals Bothell Dec               9          (21)          (18)          (13)


Key Tronic Spokane Valley Jun               8             13             12               6               9               1               6
Tableau Software  Seattle Dec               6               7               1               3               3             (1)             (1)
Red Lion Hotels Spokane Dec               3          (15)          (11)             (6)             (8)             (6)             (2)
Papa Murphy's Holdings Vancouver Dec               1             (3)             (2)             (1)             (3)               5
Clearwater Paper Spokane Dec             (2)          107             64             40             74          182             10
Northwest Pipe Vancouver Dec             (6)             22             18             13             (5)          (11)             28
Microvision Redmond Dec          (18)          (13)          (23)          (36)          (47)          (40)          (33)
Marchex Inc Seattle Dec          (19)               1          (34)               3             (3)             (2)        (128)
Trupanion Seattle Dec          (21)             (8)             (6)             (4)             (6)

Itron Liberty Lake Dec          (22)        (145)          110        (510)          105             (2)             20
Barrett Business Services Vancouver Dec          (27)             18             13             14               7             (4)               6
Immune Design Seattle Dec          (34)          (16)          (11)



Blucora Bellevue Dec          (36)             24             23             32               9               7          (16)
Zillow Group Seattle Dec          (44)          (12)               6               1             (7)          (13)          (21)
Oncothyreon Seattle Dec          (50)          (39)             (3)          (42)          (16)          (17)               7
NanoString Technologies Seattle Dec          (50)          (29)          (18)          (11)          (13)             (9)             (9)
Pendrell Kirkland Dec          (58)          (58)             40          319             (3)          195        (103)
RealNetworks Seattle Dec          (72)          (59)             45          (27)               2        (243)        (285)
Omeros Corporation Seattle Dec          (74)          (40)          (38)          (29)          (29)          (21)          (24)
Seattle Genetics Bothell Dec          (76)          (63)          (54)        (152)          (66)          (82)          (86)
CTI Biopharma Seattle Dec          (94)          (44)        (102)          (63)          (83)          (96)        (180)
Concur Technologies Bellevue Sep        (119)          (25)             (8)          (11)             20             25             17
Juno Therapeutics Seattle Dec        (243)          (52)














Total all 47 below $20 bil Market Cap
      3,516       3,466       3,546       2,653       3,557          838    (4,280)
2012-14 3 Year Total Earnings

   10,528





2008-10 3 Year Total Earnings

         115





…..3 Year Earnings Increase

9047%















Total all 44 below $10 bil Market Cap
      1,595       2,025       2,196       1,325       1,365          704        (251)
Earnings % Increase








….. 2014 Over 2008

736%





….. 2 Years 2013-4 Over 2008-9

699%






On the job front, the US Bureau of Labor reported that the unemployment rate for the State of Washington has dropped precipitously from 10.4% in January 2010 to 5.5% in the most recently reported April 2015.

Also, the US Bureau of Labor reported that the unemployment rate for the Seattle-Tacoma-Bellevue, WA Metro Area has dropped even more precipitously from 10.3% in February 2010 to only 3.9% in the most recently reported April 2015.