Tuesday, July 7, 2015

Tax Haven Ireland Companies 2014 Total Audited Earnings Were $15.8 Bil Compared To Total Losses of $2.3 Bil in Fiscal Year Including 2008-9 Financial Meltdown

From an SEC review of Companies HQd in Ireland with substantial US Operations, with all financial statements prepared in US Dollars, and with current stock market capitalizations of more than $100 mil, I found the following 28 Companies presented in market cap order:






Audited





Net





Fiscal Income



2014
Year (FY) (Loss)


Most Audited
Including  In FY


Recent Net
2008-9 Including  Earnings 
Irish Companies City 2014 Income
Financial Financial Better
Filing With US SEC in US$s HQs FYE (Loss)
Meltdown Meltdown (Worse)

mil $s
mil $s mil $s







Allergan plc (was Actavis) Dublin Dec   (1,631)
Dec 08              238        (1,869)
Medtronic plc Dublin Apr 15     2,675
Apr 09          2,088              587
Accenture plc Dublin Aug     3,176
Aug 09          1,938          1,238
Allergan Inc (Old One) Irvine, CA Dec     1,533
Dec 08              565              968
Covidien plc Dublin Sep     1,662
Sep 09              942              720
Shire plc Dublin Dec     3,283
Dec 08              170          3,113
Eaton Corp plc Dublin Dec     1,803
Dec 08          1,067              736
Perrigo Co plc Dublin Jun         205
Jun 09              143                62
Ingersoll-Rand plc Dublin Dec         916
Dec 08        (2,508)          3,424
Endo International plc Dublin Dec       (724)
Dec 08              227           (951)
Tyco International Cork Sep         794
Sep 09        (2,719)          3,513
Seagate Technology plc Dublin Jun     1,570
Jun 09        (3,125)          4,695
Mallinkroft plc Dublin Dec       (319)
Dec 08              239           (558)
XL Group plc Dublin Dec         269
Dec 08        (2,554)          2,823
Jazz Pharmaceuticals Dublin Dec           57
Dec 08           (184)              241
Alkermes plc Dublin Dec           18
Dec 08              131           (113)
Weatherford International plc Dublin Dec       (584)
Dec 08          1,167        (1,751)
James Hardy Industries plc Dublin Dec         291
Dec 08              136              155
Allegion plc Carmel, IN Dec         186
Dec 08              (77)              263
Horizon Pharma plc Dublin Dec       (264)
Dec 08              (28)           (236)
King Digital Entertainment plc Dublin Dec         575
Dec 08
             575
ICON plc Dublin Dec         172
Dec 08                78                94
Avolon Holdings Ltd Dublin Dec           91
Dec 08
               91
Prothena Corp plc Dublin Dec           (7)
Dec 08
               (7)
Global Indemnity plc Dublin Dec           63
Dec 08           (141)              204
Fly Leasing Ltd Dublin Dec           56
Dec 08                48                  8
Amarin Corp plc Dublin Dec         (56)
Dec 08              (18)              (38)
Trinity Biotech plc Dublin Dec           17
Dec 08              (78)                95








Total all 28

  15,827

       (2,255)        18,082

The above one-year $18 bil earnings improvement since the 2008-9 worldwide financial meltdown year is just a drop in the bucket as compared to such one-year earnings improvement of subsidiaries of the so many US HQd Companies operating in the Ireland tax haven.