Friday, October 16, 2015

The Eleventh 100 Largest US Companies (#1001 - #1100) 2013-14 Two-Year Total Audited Earnings Were $113 Bil, an Earnings Improvement of $242 Bil From the Two-Year 2008-09 Total Audited Losses of $129 Bil ..... It's Mainly on the Obama/Biden Administration and the US Fed

The 2012-14 Three-Year Total Audited Earnings Were $138.6 Bil, an Earnings Improvement of $274.2 Bil From the Three-Year 2008-10 Total Audited Losses of $135.6 Bil

From a review of the superb Google Finance Website and audited financial statements at the excellent SEC Website, presented below are the 100 eleventh largest (#1001 through #1100) US Companies in current stock market capitalization which also had earnings numbers reported for all years from 2010 through 2014.  These 100 Companies had their stock market caps range from $2.51 bil to $2.97 bil.
 
I excluded all US Utility Companies.
 
How have these 100 eleventh largest US Companies recovered from the 2008-09 worldwide financial meltdown?  Well, miraculously off-the-charts.  Their Total Audited Earnings From Continuing Operations for the Two Years 2013-14 of $113 Bil were a monstrous $242 Bil Earnings Improvement from the Two Year 2009-10 Total Audited Losses of $129 Bil.

 
It is pretty clear to me that the major drivers of this wholescale, massive earnings recovery from the disastrous 2008-09 financial meltdown were prescient steps taken by the Obama/Biden Administration and by the US Fed.
 
That's why financially astute people know that they want a continuation of the economic policies of the Obama/Biden Administration.  The only way that is assured is if Joe Biden is the next US President.

 
There is a huge difference between someone running for President saying he or she will continue the Obama/Biden highly successful economic policies and someone actually sitting at the table and being a key participant in these economic policies for 8 years.  Just sayin.

 
And for someone to be against the TransPacific Partnership shows that either they don't really understand how capitalism works or are so ambitious that they are willing to take a position on a critical economic issue that would seriously harm the country just to get elected US President.  Again, just sayin.
 
There clearly is a huge problem with US Income Inequality, but can you imagine how the US middle and lower economic classes would have fared if the Obama/Biden Administration and Fed Chair Ben Bernanke hadn't taken their economic actions.  It would have been extremely ugly even now.
 
And in similar fashion, can you imagine how the US middle and lower economic classes will fare if the TransPacific and TransAtlantic Partnerships don't pass?  It also will be ugly.  These critical partnerships will keep the world economy thriving economically for many years to come, with the resultant much higher company earnings.  The US Congress needs to fulfill its role to ensure that these economic fruits are shared more fairly between the upper, middle and lower economic classes.

On the big downside here, the Total Audited Earnings of these 100 Companies for 2014 were down a huge 78% from 2013.  This points to the clear necessity of both the TransPacific and TransAtlantic Trade Partnerships to pass.  The last thing the US economy needs is a President against these two key Trade Agreements.

In viewing the very recent Democratic Presidential Debate held in Las Vegas, I thought Bernie Sanders was the clear winner of the debate.  But unless something were to change, I don't think any of the 5 Democratic Presidential Candidates on the stage would stand much of a chance against someone very formidable like Marco Rubio.  I do think that if Vice President Joe Biden were to enter the Presidential race, that he would have a decent chance against Rubio. 
  
Below here are the reported Audited Earnings (Losses) From Continuing Operations for each of  these eleventh 100 largest  US Companies for all years reported from 2007 through 2014, presented in order of stock market cap: 




2014 2013 2012 2011 2010 2009 2008 2007




Audited Audited Audited Audited Audited Audited Audited Audited



Most Net Net Net Net Net Net Net Net
City State Recent Income Income Income Income Income Income Income Income
US Largest Companies: #1001-1100 HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils












Laredo Petroleum Tulsa OK Dec14           266           117             62           106             88         (184)         (192)             (6)
Sunedison Maryland Heights MO Dec14      (1,272)         (614)         (149)      (1,520)             48           (70)           390           830
Aaron's Inc Atlanta GA Dec14             78           121           173           114           118           113             86             73
QEP Resources Denver CO Dec14         (410)             52               2           118           200           215           521           362
Belk Inc Charlotte NC Jan15           146           159           188           183           128             67         (213)             96
Kosmos Energy Ltd Dallas TX Dec14           279           (91)           (67)             22         (246)           (80)           (49)           (61)
XPO Logistics Greenwich CT Dec14           (64)           (49)           (20)               1               5               2               3               2
Bank of Hawaii Honolulu HI Dec14           163           151           166           160           184           144           192           184
Compass Minerals Intl Inc Overland Park KS Dec14           218           131             89           149           151           164           160             80
Piedmont Office Realty Trust Inc Johns Creek GA Dec14             40             72             60             84           104             63           118             99
Blackbaud Inc Charleston SC Dec14             28             30               7             33             29             28             29             30
Mercury General Corp Los Angeles CA Dec14           178           112           117           191           152           403         (242)           238
Associated Banc Corp Green Bay WI Dec14           191           189           179           140             (1)         (132)           168           286
SM Energy Denver CO Dec14           666           171           (54)           215           197           (99)             87           187
Landstar System Inc Jacksonville FL Dec14           139           109           127           112             89             70           111           110
KBR Inc Houston TX Dec14      (1,198)           171           202           540           395           364           356           204
World Fuel Services Miami FL Dec14           218           207           201           199           147           118           105             65
NorthStar Asset Management Group New York NY Dec14             19             (2)           (17)           (26)           (15)           (10)             (8)  NA 
Home Bancshares Inc Conway AR Dec14           113             67             63             55             18             27             10             20
First Data Corp New York NY Dec14         (265)         (692)         (527)         (336)         (847)      (1,015)      (3,608)           307
Fossil Group Inc Richardson TX Dec14           398           388           354           307           265           144           142           128
Regal Beloit Corp Beloit WI Dec14             36           126           200           158           155             99           129           118
Armstrong World Industries Lancaster PA Dec14           102           127           159           142             40             78             80           153
Kate Spade & Co New York NY Dec14             77           (32)           (53)           101         (164)         (124)         (511)         (432)
Vista Outdoor Inc Clearfield UT Mar15             80           133             65             11             78             68  NA   NA 
United Natural Foods Providence RI Aug15           139           125           108             91             77             68             59             48
Jack in the Box San Diego CA Sep14             95             83             68             86             74           131           118           125
Ascena Retail Group Inc Mahwah NJ Jul15         (237)           138           155           172           171           133             67             71
Clean Harbors Inc Norwell MA Dec14           (28)             96           130           127           128             35             57             44
Impax Laboratories Inc Hayward CA Dec14             57           101             56             65           250             50             16           125
Ryman Hospitality Properties Inc Nashville TN Dec14           126           118           (27)             10           (92)               7               4           102
Diamond Offshore Drilling Inc Houston TX Dec14           387           549           720           963           955        1,376        1,311           844
Janus Capital Group Inc Denver CO Dec14           155           122           112           153           169         (744)           147           214
CONSOL Energy Canonsburg PA Dec14           169             79           318           682           315           567           486           293
Pebblebrook Hotel Trust Bethesda MD Dec14             74             43             27             15             (7)             (0)

Lancaster Colony Corp Columbus OH Jun15           102           101           104             92             94           115             89             48
Fair Isaac Corp San Jose CA Sep14             95             90             92             72             64             65             81           112
Tupperware Brands Orlando FL Dec14           214           274           193           218           226           175           161           117
First Citizens BancShares Raleigh NC Dec14           139           167           132           194           192           116             91           109
American National Insurance Co Galveston TX Dec14           249           272           192           192           144             15         (173)           245
ProAssurance Corp Birmingham AL Dec14           197           298           275           287           232           222           178           168
Medical Properties Trust Birmingham AL Dec14             51             89             73             12               1             30             15             21
Sears Holdings Hoffman Estates IL Jan15      (1,810)      (1,116)      (1,054)      (3,120)           139           280             99           902
Sinclair Broadcast Group Hunt Valley MD Dec14           215             64           144             77             76         (138)         (249)             17
Polypore Intl Charlotte NC Dec14             36             34             60             91             50         (117)           (18)               0
Con-way Inc Ann Arbor MI Dec14           137             99           105             88               4         (111)             58           147
United Bsankshares Inc Charleston WV Dec14           130             86             83             76             72             67             87             91
Clear Channel Outdoor Holdings San Antonio TX Dec14             17           (24)         (159)             63           (76)         (873)      (2,851)           265
Helen of Troy Ltd El Paso TX Feb15           131             86           116           110             93             72           (57)             62
Prospect Capital Corp New York NY Jun15           346           319           221           191           118             20             35             28
AllianceBernstein Holding LP New York NY Dec14           571           527           189         (212)           427           579           848        1,277
Myriad Genetics Salt Lake City UT Jun15             80           176           147           112           101           152           136             74
Blackstone Mortgage Trust New York NY Dec14           100             25           282           253         (185)         (576)           (58)             84
Wendys Dublin OH Dec14           121             45               8             18             18               5         (128)           (57)
Cheesecake Factory Calabasas Hills CA Dec14           101           114             98             96             82             43             52             74
Genworth Financial Richmond VA Dec14      (1,048)           726           468           141           136         (485)         (655)        1,154
Univar Downers Grove IL Dec14           (20)           (82)         (197)         (176)           (71)             (2)             (8)             47
Verint Systems Inc Melville NY Jan15             36             59             59             41             29             17           (79)         (198)
Texas Roadhouse Inc Louisville KY Dec14             91             84             74             66             61             49             39             40
ACI Worldwide Naples FL Dec14             68             64             49             46             27             20             11             (9)
Papa John's Intl Inc Louisville KY Dec14             78             73             66             58             56             61             39             34
Artisan Partners Asset Management Milwaukee WI Dec14           239         (234)             43           130             43             48           183             95
Cimpress NV Waltham MA Jun15             89             43             29             44             82             68             56             40
Targa Pipeline Partners LP Houston TX Dec14           230           (92)             68           295           (41)           (21)         (511)         (117)
Pra Group Norfolk VA Dec14           177           177           126           101             74             44             45             48
Cree Inc Durham NC Jun15           (64)           124             87             44           147           152             31             32
Hudson Pacific Properties Inc Los Angeles CA Dec14             24               1             (5)             (6)             (4)             (1)             (3)             (4)
AMC Entertainment Holdings Leawood KS Dec14             64           363             13           (90)         (171)             91         (159)             (8)
Cal-Maine Foods Inc Jackson MS May15           162           110             51             90             58             66             80           152
HomeAway Inc Austin TX Dec14             14             17             15               6             17               8             (6)             (6)
Kennedy-Wilson Holdings Beverly Hills CA Dec14             90             14               7               7               7           (10)               1               9
Tech Data Corp Clearwater FL Jan15           175           180           183           201           213           181           115             99
MFA Financial New York NY Dec14           314           303           307           316           270           268             46             30
New Jersey Resources Corp Wall NJ Dec14           142           115             93           101           117             27           109             63
Dril-Quip Houston TC Dec14           209           170           119             95           102           105           106           108
Murphy USA El Dorado AR Dec14           243           156             86           188           126             36           211  NA 
TCF Financial Corp Wayzata MN Dec14           182           158         (207)           114           154             87           129           267
CST Brands San Antonio TX Dec14           180           139           208           218           196           152           225           139
Timken Canton OH Dec14           149           176           332           281           179           (66)           283           211
Healthcare Realty Trust Nashville TN Dec14             34           (13)             (1)           (12)             (7)             23             13               5
HRG Group New York NY Sep14           102           (69)           111               7         (196)         (113)         (905)         (563)
Radius Health Inc Waltham MA Dec14           (62)           (61)           (69)           (42)           (15)           (15)           (22)           (16)
RPC Inc Atlanta GA Dec14           245           167           274           296           147           (23)             83             87
Dycom Industries Palm Beach Gardens FL Jul15             84             40             35             39             16               6           (53)             24
CLARCOR Franklin TN Nov14           144           118           123           124             96             72             96             91
Wintrust Financial Rosemont IL Dec14           151           137           111             78             63             73             20             56
UMB Financial Kansas City MO Dec14           121           134           123           106             91             89             98             74
Healthcare Services Group Bensalem PA Dec14             22             47             44             38             34             30             27             30
DiamondRock Hospitality Bethesda MD Dec14           163             24           (18)             (9)           (10)           (10)             48             57
Snyder's-Lance Charlotte NC Dec14             59             56             45             21           (16)             35             19             25
CoreSite Realty Denver CO Dec14             40             32             11           (11)           (12)             (7)           (14)               3
Take-Two Interactive Software New York NY Mar15         (279)           362             31         (108)             54         (130)             94         (138)
Superior Energy Services Houston TX Dec14           281             45           384           159             72         (121)           336           272
Groupon Chicago IL Dec14           (64)           (89)           (51)         (298)         (413)             (1)             (2)
Prestige Brands Holdings Tarrytown NY Mar15             78             73             66             37             29             32         (190)             31
PriceSmart San Diego CA Aug14             93             84             68             62             49             42             38             13
CBL & Associates Properties Chattanooga TN Dec14           253           115           186           155           129             (2)             60           141
Domtar Corp Fort Mill SC Dec14           431             91           172           365           605           310         (573)             70
Cathay General Bancorp Los Angeles CA Dec14           138           124           118           101             12           (67)             51           126












Total all 99 excluding Fannie Mae


       6,243        8,594        8,332        5,952        7,765        3,335      (1,963)      11,337












Fannie Mae Washington DC Dec14      14,209      83,962      17,220    (16,855)    (14,018)    (72,022)    (58,728)      (2,071)












Total all 100


     20,452      92,556      25,552    (10,903)      (6,253)    (68,687)    (60,691)        9,266












Total Two-Year Earnings (Losses)


   






….. 2013-14


   113,008






….. 2008-09


 (129,378)






………. Two-Year Earnings Improvement

   242,386


















Total Three-Year Earnings (Losses)










….. 2012-14


   138,560






….. 2008-10


 (135,631)






………. Three-Year Earnings Improvement

   274,191