Tuesday, October 20, 2015

The Fifteenth 100 Largest US Companies (#1401 - #1500) 2013-14 Two-Year Total Audited Earnings Were $67.3 Bil, an Earnings Improvement of $142.8 Bil From the Two-Year 2008-09 Total Audited Losses of $75.5 Bil ..... It's Mainly on the Obama/Biden Administration and the US Fed

The 2012-14 Three-Year Total Audited Earnings Were $84.8 Bil, an Earnings Improvement of $171.4 Bil From the Three-Year 2008-10 Total Audited Losses of $86.6 Bil

From a review of the superb Google Finance Website and audited financial statements at the excellent SEC Website, presented below are the 100 fifteenth largest (#1401 through #1500) 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 $1.36 bil to $1.59 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 $67.3 Bil were a monstrous $142.8 Bil Earnings Improvement from the Two Year 2009-10 Total Audited Losses of $75.5 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 76% 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 fifteenth 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: #1401-1500 HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



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












Fidelity & Guaranty Life Des Moines IA Sep14           163           348           344           190           172         (204)         (839)  NA 
Community Bank System Inc Dewitt NY Dec14             91             79             77             73             63             41             46             43
Joy Global Inc Milwaukee WI Oct14           331           534           767           631           461           455           373           280
Financial Engines Inc Sunnyvale CA Dec14             37             30             19             15             64               5             (4)             (2)
CommVault Systems Inc Tinton Falls NJ Mar15             26             64             53             32             21             18             12             21
National Beverage Corp Ft Lauderdale FL Apr15             49             44             47             44             41             33             25             22
Old National Bancorp Evansville IN Dec14           104           101             92             72             38             14             62             75
BofI Holding San Diego CA Jun15             83             56             40             29             21             21               7               4
Mobile Mini Inc Phoenix AZ Dec14             44             25             34             31             13             28             29             44
Eagle Bancorp Bethesda MD Dec14             54             47             35             25             17             10               7               8
Meritage Homes Corp Scottsdale AZ Dec14           142           124           105           (21)               7           (66)         (292)         (289)
Synchronoss Technologies Inc Bridgewater NJ Dec14             39             23             27             15               4             12             12             24
Interface Inc Atlanta GA Dec14             25             48             23             38             10             13           (35)             59
Nelnet Inc Lincoln NE Dec14           309           304           178           204           189           139             27             35
LTC Properties Inc Westlake Village CA Dec14             73             55             50             49             45             44             43             48
99 Cents Only Stores City of Commerce CA Jan15               6           (12)             (9)             44             74             60             10               3
Sabra Health Care REIT Inc Irvine CA Dec14             47             34             20             13               0


Nationstar Mortgage Holdings Inc Coppell TX Dec14           221           217           205             21           (10)           (81)         (158)         (284)
FBL Financial Group West Des Moines IA Dec14           110           108             83             52             81             50               1             67
Invesco Mortgage Capital Inc Atlanta GA Dec14         (202)           143           344           287           104             18             (0)
Oil States Intl Inc Houston TX Dec14           127           129           141           104             45             60           219           200
Hatteras Financial Corp Winston Salem NC Dec14             56         (134)           349           284           170           174             79               1
MSG Networks Inc New York NY Jun15           255           115           142           107             83             28             (5)             43
Air Methods Englewood CO Dec14             99             63             93             47             43             27             16             27
Brink's Company Richmond VA Dec14           (86)             90           123           121             97           227           172           101
Inventrust Properties Corp Oak Brook IL Dec14           253         (207)           (90)         (215)         (194)         (389)         (356)             65
American Axle & Manufacturing Hldgs Detroit MI Dec14           143             95           367           140           119         (253)      (1,225)             37
AMN Healthcare Services Inc San Diego CA Dec14             33             33             16               5           (53)         (122)             34             36
World Wrestling Entertainment Inc Stamford CT Dec14           (30)               3             31             25             54             50             45             52
Cardtronics Inc Houston TX Dec14             35             21             43             70             41               6           (72)           (28)
Alon USA Partners LP Dallas TX Dec14           169           136           382           294           (39)           (66)             99           188
Pennsylvania REIT Philadelphia PA Dec14           (14)           (20)           (44)           (68)           (76)         (104)           (21)             13
Gamco Investors Inc Rye NY Dec14           105           117             76             70             70             56             24             80
RBC Bearings Inc Oxford CT Mar15             58             60             56             50             35             24             34             40
Sanderson Farms Inc Laurel MS Oct14           249           131             54         (127)           135             82           (43)             79
SPX Flow Inc Charlotte NC Dec14           136           133           129             60             88  NA   NA   NA 
Genesco Inc Nashville TN Jan15             99             93           113             93             55             29           156               7
Headwaters Inc South Jordan UT Sep14             16               8           (26)         (134)           (21)         (415)         (175)             21
Main Street Capital  Corp Houston TX Dec14           101             97           104             64             40             12             11               3
Natus Medical Inc Pleasanton CA Dec14             32             23               4           (11)             12             11             18             10
Huron Consulting Group Chicago IL Dec14             79             66             36             21               7             14             (1)           (10)
DigitalGlobe Inc Westminster CO Dec14             19           (68)             39           (28)               3             47             54             96
Capital Bank Finacial Corp Coral Gables FL Dec14             51             39             55               8             12             (0)

National Research Inc Lincoln NE Dec14             18             15             15             12               8               8               7               7
ZIOPHARM Oncology Inc Boston MA Dec14             32           (57)           (96)           (64)           (33)             (8)           (25)           (27)
Apogee Enterprises Inc Minneapolis MN Feb15             51             28             19               5           (10)             32             51             49
Neustar Inc Sterling VA Dec14           164           163           156           124           124           116           134           111
Penn National Gaming Inc Wyomissing PA Dec14         (233)         (794)           212           242           (62)         (267)         (153)           160
Gogo Inc Chicago IL Dec14           (85)         (111)           (33)             24         (113)         (142)         (122)           (49)
Ladder Capital Corp New York NY Dec14             98           189           169             72             91             42             (6)
United Community Banks Blairsville GA Dec14             68           273             34         (227)         (504)         (229)           (64)             58
Virgin America Burlingame CA Dec14             60             10         (145)         (100)           (69)           (81)  NA 
Hub Group Inc Lombard IL Dec14             52             69             68             58             43             34             59             60
G&K Services Inc Minnetonka MN Jun15             60             56             51             24             33             29           (73)             46
Drew Industries Inc Elkhart IN Dec14             62             50             37             30             28           (24)             12             40
Kaiser Aluminum Corp Foothill Ranch CA Dec14             72           105             86             25             12             71           (69)           101
Horace Mann Educators Corp Springfield IL Dec14           104           111           104             71             80             74             11             83
Simmons First National Corp Pine Bluff AR Dec14             36             23             28             25             37             25             27             27
Axiall Corp Atlanta GA Dec14             50           168           121             58             43           131         (255)         (245)
Builders FirstSource Inc Dallas TX Dec14             18           (42)           (54)           (65)           (94)           (57)         (121)             (3)
Mattress Firm Holding Corp Houston TX Jan15             44             53             40             34               0             (5)         (125)           (42)
Nektar Therapeutics San Francisco CA Dec14           (54)         (162)         (172)         (134)           (38)         (103)           (34)           (33)
Select Medical Holdings Corp Mechanicsburg PA Dec14           128           123           153           113             82             79             26             37
LegacyTexas Financial Group Inc Plano TX Dec14             31             32             35             26             18               3             (3)               5
Marketo Inc San Mateo CA Dec14           (55)           (47)           (34)           (22)           (12)             (6)

LA-Z-Boy Inc Monroe MI Apr15             69             60             47             84             16             31         (122)             (8)
HFF Inc Pittsburg PA Dec14             61             51             44             42             17               2               5             44
Universal Forest Products Inc Grand Rapids MI Dec14             62             46             26               6             20             25               5             23
Viavi Solutions Inc Milpitas CA Jun15           (88)           (18)             57           (26)             79           (60)         (906)           (42)
RealPage Inc Carrollton TX Dec14           (10)             21               5             (1)               0             28             (3)             (3)
Shutterfly Inc Redwood City CA Dec14             (8)               9             23             14             17               6               4             10
Abercrombie & Fitch Co New Albany OH Dec14             52             55           237           144           156             79           308           499
Pacira Pharmaceuticals Inc Parsippany NJ Dec14           (14)           (64)           (52)           (43)           (27)           (32)           (42)           (47)
Park National Corp Newark OH Dec14             84             77             79             82             58             74             14             23
3D Systems Corp Rock Hill SC Dec14             12             44             39             35             20               1             (6)             (7)
Cambrex Corp East Rutherford NJ Dec14             58             30             63             14               9             10               8           (14)
Greatbatch Frisco TX Jan15             55             36             (5)             33             33             (9)             14             12
MedAssets Inc Alpharetta GA Dec14           (20)             27             (7)           (15)           (32)             20             11               6
Renasant Corp Tupelo MS Dec14             60             33             27             26             32             19             24             31
Coherent inc Santa Clara CA  Sep14              59             66             63             93             37           (35)             23             16
IPC Healthcare North Hollywood CA Dec14             39             41             33             29             24             19             14             (1)
Scholastic Corp New York NY May15             16             13               5             68               7             61               8           118
Metaldyne Performance Group Inc Plymouth MI Dec14             73             58           (58)             47             47             11

CONMED Corp Utica NY Dec14             32             36             40               1             30             12             40             39
TeleTech Holdings Inc Englewood CO Dec14             77             71             74             78             54             76             77             56
OneBeacon Insurance Group Ltd Minnetonka MN Dec14             55           147             98           105           150           377         (372)           245
Plexus Corp Neenah WI Sep14             87             82             62             89             90             46             84             66
WD-40 Company San Diego CA Aug15             45             44             40             35             36             36             26             28
Och-Ziff Capital Mgt Group LLC New York NY Dec14           142           262         (311)         (419)         (294)         (297)         (511)         (915)
Leidos Holdings Inc Reston VA Jan15         (330)             84           323         (239)           311           220  NA   NA 
TriNet Group Inc San Leandro CA Dec14             15             13             32             15             (9)             18               9
Federal-Mogul Holdings Corp Southfield MI Dec14         (161)           101           (91)           (56)           165           (33)         (465)         (228)
AZZ Inc Fort Worth TX Feb15             65             60             60             41             35             38             42             28
Power Integrations Inc San Jose CA Dec14             60             57           (34)             34             49             23               2             27
ExlService Holdings Inc New York NY Dec14             32             48             42             35             27             16             11             18
RingCentral Inc San Mateo CA Dec14           (48)           (46)           (35)           (14)             (7)             (6)

Sonic Corp Oklahoma City OK Aug15             64             48             37             36             19             26             65             82
M.D.C. Holdings Denver CO Dec14             63           314             63           (98)           (65)             25         (381)         (637)
Caleres Inc St Louis MO Jan15             83             54             35               6             35             10         (135)             60












Total all 99 Exluding Freddie Mac


       5,299        5,610        6,582        3,436        2,944           667      (4,483)        1,133












Freddie Mac McLean VA Dec14        7,690      48,668      10,982      (5,266)    (14,025)    (21,554)    (50,116)      (3,102)












Total all 100


     12,989      54,278      17,564      (1,830)    (11,081)    (20,887)    (54,599)      (1,969)












Total Two-Year Earnings (Losses)


   






….. 2013-14


     67,267






….. 2008-09


   (75,486)






………. Two-Year Earnings Improvement

   142,753


















Total Three-Year Earnings (Losses)










….. 2012-14


     84,831






….. 2008-10


   (86,567)






………. Three-Year Earnings Improvement

   171,398