Monday, October 12, 2015

The Tenth 100 Largest US Companies 2012-14 Three-Year Total Audited Earnings Were $29.110 Bil, Up a Massive 109 Times Over the 2008-10 Three-Year Total Audited Earnings of $0.264 Bil ..... It's Mainly on the Obama/Biden Administration and the US Fed

2014 Total Audited Earnings:
  • Up 42% Over 2012
  • Up 197% Over 2011
  • Up 1,047% Over 2009
  • Up 92% Over 2007
From a review of the superb Google Finance Website and audited financial statements at the excellent SEC Website, presented below are the 100 tenth largest (#901 through #1000) 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 $2.88 bil to $3.44 bil.

I excluded all US Utility Companies.
 
How have these 100 tenth 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 Three Years 2012-14 are up a monstrous 109 Times from that for the Three Years 2008-10.

 Not only have the 2014 Total Audited Earnings of these tenth 100 largest US Companies recovered all that they lost with the 2008 financial meltdown, but they added another 92% from the previous annual high in 2007 before the financial meltdown hit.
 
It is pretty clear to me that the major drivers of this wholescale, massive earnings recovery 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 say they are for 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.

Below here are the reported Audited Earnings (Losses) From Continuing Operations for each of  these tenth 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: #901-1000 HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



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












Clovis Oncology Inc Boulder CO Dec14         (160)           (85)           (74)           (56)           (38)           (17)

DealerTrack Technologies Lake Success NY Dec14           (17)               6             20             65           (28)             (4)               2             20
Microsemi Corp Aliso Viejo CA Sep14             23             44           (30)             56             59           (27)             50             10
TC Pipelines LP Houston TX Dec14           204           191           229           250           200           106           123             95
SunPower Corp San Jose CA Dec14           183             34         (352)         (614)           167             33         (124)             28
Retail Properties of America Oak Brook IL Dec14             43             14             (0)           (73)           (95)         (115)         (683)             43
Graham Holdings Arlington VA Dec14           921           173             51           138           342  NA   NA   NA 
MPLX LP Findlay OH Dec14           178           146           144           134           103           123           124           137
ITT Corp White Plains NY Dec14           191           490           110         (577)         (130)         (111)             32             61
Qlik Technologies Inc Radnor PA Dec14           (25)           (10)               4               9             14               7               3             (0)
ViaSat Inc Carlsbad CA Mar15             40             (9)           (41)               8             36             31             38             35
RR Donnelley & Sons Chicago IL Dec14           121           218         (654)         (121)           217           (21)         (185)           (45)
DCP Midstream Partners LP Denver CO Dec14           437           217           229           221           137               9           212             40
Aspen Technology Inc Burlington MA Dec14           118             86             45           (14)             10         (107)             53             25
Akorn Inc Lake Forest IL Dec14             36             52             35             43             22           (25)             (8)           (19)
First Horizon National Corp Memphis TN Dec14           231             41           (16)           134             73         (235)         (173)         (151)
Western Alliance Bancorporation Phoenix AZ Dec14           149           116             75             33             (4)         (147)         (230)             34
VWR Corp Radnor PA Dec14           153             14               4             58             22           (14)  NA   NA 
Two Harbors Investment Corp New York NY Dec14           167           575           287           128             36             (9)               2               1
Veeva Systems Pleasanton CA Dec14             40             24             19               4               4               1

MGIC Investment Corp Milwaukee WI Dec14           252           (50)         (927)         (486)         (364)      (1,322)         (525)      (1,670)
Silgan Holdings Stamford CT Dec14           182           185           151           193           145           159           125           127
Apple Hospitality REIT Richmond VA Dec14               7             82             69             50             (3)               3               2               0
Equity One Inc North Miami Beach FL Dec14             58             49             (1)             23             (2)             66             28             37
Tanger Factory Outlet Centers Greensboro NC Dec14             78           113             56             51             38             73             30             30
Riverbed Technology San Francisco CA Dec14             71           (12)             55             64             34               7             11             15
Avanir Pharmaceuticals Aliso Viejo CA Sep14           (50)           (75)           (60)           (61)           (27)           (22)           (17)           (21)
Healthcare Trust of America Scottsdale AZ Dec14             46             25           (24)             (6)             (8)           (25)           (28)             (8)
LifePoint Health Brentwood TN Dec14           135           132           156           166           159           142           129           122
Post Properties Inc Atlanta GA Dec14           238             81             83             25             (8)           (96)           (96)           107
Leidos Holdings Reston VA Jan15         (330)             84           323         (239)           311           220           418           367
Boardwalk Pipeline Partners LP Houston TX Dec14           147           250           306           217           289           163           294           228
Dyax Corp Burlington MA Dec14           (12)           (28)           (29)           (35)           (25)           (62)           (66)           (56)
Cabelas Inc Sidney NE Dec14           202           224           174           143           112             50             76             88
Apollo Global Management LLC New York NY Dec14           168           659           311         (469)             95         (155)         (912)         (570)
PAREXEL Intl Corp Waltham MA Jun15           148           129             96             63             49             42             39             65
Pool Corp Covington LA Dec14           111             97             82             72             58             19             57             69
Oshkosh Corp Oshkosh WI Sep14           309           316           246           279           816      (1,167)           289           285
Royal Gold Inc Denver CO Jun15             53             63             73             98             77             29             41             25
ACADIA Pharmaceuticals San Diego CA Dec14           (92)           (38)           (21)           (23)             15           (45)           (64)           (56)
Integrated Device Technology San Jose CA Mar15           115           111               3             38             94             65      (1,027)             45
Outfront Media Inc New York NY Dec14           307           144           113           107             71             22      (2,097)  NA 
FEI Company Hillsboro OR Dec14           105           127           115           104             54             23             18             46
Cobalt Intl Energy Inc Houston TX Dec14         (511)         (589)         (283)         (134)         (136)           (81)           (72)         (109)
SolarWinds Inc Austin TX Dec14             78             90             81             62             45             30             22             14
United States Cellular Corp Chicago IL Dec14           (47)           145           141           199           159           229             58           330
Cepheid Sunnyvale CA Dec14           (50)           (18)           (20)               3             (6)           (23)           (22)           (22)
Brinker Intl Dallas TX Jun15           197           154           163           151           141           104             72             46
American Eagle Outfitters Pittsburgh PA Jan15             89             83           264           175           196           228           230           434
Federated Investors Inc Pittsburgh PA Dec14           150           166           198           155           189           209           229           223
Synaptics Inc San Jose CA Jun15           110             47             99             54             64             53             48             26
Curtiss-Wright Corp Charlotte NC Dec14           170           139           104           117             83             95           109           104
Noble Corp PLC Sugar Land TX Dec14           (77)           546           448           364           773        1,679        1,561        1,206
PrivateBancorp Chicago IL Dec14           153           123             78             45               2           (30)           (93)             11
HSN Inc St Petersburg FL Dec14           173           178           136           128           100             72      (2,124)           105
Cypress Semiconductor Corp San Jose CA Dec14             17           (50)           (25)           167             75         (150)         (319)           367
Sunstone Hotel Investors Aliso Viejo CA Dec14             83             22               1             41           (31)           (44)             28             29
Heico Corp Hollywood FL Oct14           139           125           107             95             72             60             67             55
Cognex Corp Natick MA Dec14           121             74             68             70             61             (5)             30             28
DCT Industrial Trust Inc Denver CO Dec14             47             (9)           (29)           (43)           (45)           (26)           (16)             (4)
Ubiquiti Networks Inc San Jose CA Jun15           130           177             80           103             50             (5)             10               5
PBF Renergy Inc Parsippany NJ Dec14             78           214           804           243           (44)             (6)             (6)
Teledyne Technologies Inc Thousand Oaks CA Dec14           218           185           162           142           120           116           117             86
Ciena Corp Hanover MD Oct14           (41)           (85)         (144)         (196)         (334)         (581)             39             83
SLM Corp Newark DE Dec14           194           259           218             54           (94)  NA   NA   NA 
Cedar Fair LP Sandusky OH Dec14           104           108           102             65           (33)             35               6             (4)
Regal Entertainment  Knoxville TN Dec14           105           158           142             40             77             95           112           360
BWX Technologies Inc Lynchburg VA Dec14             29           346           228             78           140           172             16           215
Columbia Property Trust Inc Atlanta GA Dec14             93             16             48             57             23             41           (23)             (5)
Catalent Inc Somerset NJ Jun15           210             18           (51)             18           (29)         (237)         (198)  NA 
EPR Properties Kansas City MO Dec14           176           176           142           130           117             35           127             98
Stifel Financial Corp St Louis MO Dec14           179           173           145             84               1             76             56             32
Mentor Graphics Corp Wilsonville OR Jan15           145           154           139             83             29           (22)           (91)             24
John Wiley & Sons Hoboken NJ Apr15           177           161           144           213           172           144           128           148
Firstmerit Corp Akron OH Dec14           238           184           134           120           103             82           119           123
Deluxe Corp Shoreview MN Dec14           200           187           170           145           153             99           106           145
Tenneco Inc Lake Forest IL Dec14           270           222           304           183             63           (54)         (405)               5
PolyOne Corp Avon Lake OH Dec14             77             93             53           153           152           107         (417)             41
Hill-Rom Holdings Inc Batesville IN Sep14             61           105           121           134           126         (405)             67             70
Sensient Technologies Corp Milwaukee WI Dec14             82           114           125           121           108             87             91             78
Bruker Corp Billerica MA Dec14             57             80             78             92             95             81             65             99
CVR Refining LP Sugar Land TX Dec14           359           590           595           480             38             65           110         (176)
Boston Beer Co Inc Boston MA Dec14             91             70             59             66             50             31               8             22
International Game Technology Las Vegas NV Sep14           248           273           250           292           220           149           336           480
Rayonier Inc Jacksonville FL Dec14             54           106             17             58             49  NA   NA   NA 
G-III Apparel Group Ltd New York NY Jan15           109             76             57             50             57             32           (14)             17
J C Penney Company Plano TX Dec14         (771)      (1,388)         (985)         (152)           378           249           567        1,105
Choice Hotels Intl Inc Rockville MD Dec14           122           113           121           111           108             98           100           111
Woodward Inc Fort Collins CO Sep14           166           146           142           132           111             94           123             98
Waddell & Reed Financial Overland Park KS Dec14           313           253           193           172           153           106             96           125
Crane Co Stamford CT Dec14           194           221           196             23           153           134           135           (62)
Horizon Pharma PLC Deerfield IL Dec14         (264)         (149)           (88)         (113)           (27)           (21)           (28)           (26)
Charles River Laboratories Wilmington MA Dec14           130           105           102           116         (334)           111         (528)           150
Emcor Group Inc Norwalk CT Dec14           178           150           157           125           (82)           163           184           126
Vector Group Ltd Miami FL Dec14             49             39             31             75             54             25             61             74
Chimera Investment Corp New York NY Dec14           589           363           328           137           248           231         (136)             (3)
Thor Industries Inc Pleasanton CA Dec14             50             73             56             73             59             29             16             (5)
Lithia Motors Inc Medford OR Dec14           136           105             79             55             14               7         (221)             23
Houghton Mifflin Harcourt Boston MA Dec14         (111)         (111)           (87)      (2,182)         (820)      (2,145)      (1,462)  NA 
Dana Holding Corp Maumee OH Dec14           343           261           315           240             36         (435)             50         (423)












Total all 100


     10,890      10,572        7,648        3,669        6,329      (1,150)      (4,915)        5,671












Three-Year Total Earnings:










2012-14


     29,110






2008-10


          264






…..  % Increase


10926%


















2014 Earnings Increase % Over:










….. 2013


3%






….. 2012


42%






….. 2011


197%






….. 2009


1047%






….. 2007


92%










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