Thursday, November 26, 2015

The 3000 Largest US Companies 2014 Total Audited US GAAP Earnings Were $1 Trillion and $118 Billion Under the Obama Administration, a Miraculous Recovery From the 2008 Total Audited US GAAP Losses of $67 Billion in George Bush/Dick Cheney's Last Presidential Year ..... Total Audited US GAAP Earnings of $2 Trillion and $375 Billion for the Two-Years 2013-14 Up More Than $2 Trillion From the Total Audited US GAAP Earnings of $342 Bil for the Two-Years 2008-09 ..... Best Single Way to Deal With ISIS? Lift World Economies By Crafting Trade Agreements Like TPP and TTIP

2014 Total Audited Earnings:
  • Up 12% Over 2012
  • Up 20% Over 2011
  • Up 35% Over 2010
  • Up 173% Over 2009
  • Up 1,766% Over 2008
  • Up 65% Over 2007

Two Year Total Earnings:
….. 2013-14           2,375,299,000,000
….. 2008-09              342,126,000,000
………. Two Year Earnings Increase
…………....... Amount           2,033,172,000,000
………………...... % 594%

BUT 2014 Total Audited Earnings:
  • Down 11% From 2013
In my previous posts I addressed in 100 layers the largest US Companies in Stock Market Capitalization.  These 3,000 US Companies all had Stock Market Caps above US$ 98 Mil and excluded all Utility Companies.

Below here are the Total Audited Earnings (Losses) From Continuing Operations from these previous posts combined:


2014 2013 2012 2011 2010 2009 2008 2007

US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP

Audited Audited Audited Audited Audited Audited Audited Audited

Net Net Net Net Net Net Net Net
Income Income Income Income Income Income Income Income
100 US Company Largest Layer Totals (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils









100 Largest (#1 - #100)       627,653       650,857       568,947       581,687       516,202       357,164       170,905       402,626
100 Second Largest (#101 - #200)       144,539       136,407       115,024       107,233         93,357         60,860         37,266       106,684
100 Third Largest (#201 - #300)         81,724         82,233         68,773         70,945         65,910         19,030       (38,903)         19,666
100 Fourth Largest (#301 - #400)         55,529         59,607         55,503         57,692         40,996         21,523       (23,845)         44,304
100 Fifth Largest (#401 - #500)         43,898         50,358         45,318         34,244         35,203         33,719              801         26,959
100 Sixth Largest (#501 - #600)         32,260         29,827         23,351         19,021         19,240           7,342         (8,686)         14,467
100 Seventh Largest (#601 - #700)         28,767         26,057         16,585         10,383         19,483              243         (8,105)         15,296
100 Eighth Largest (#701 - #800)         20,134         19,717         15,303         14,753         13,847           7,946            (812)         10,678
100 Ninth Largest (#801 - #900)         15,949         13,542         13,128         10,687           8,349         (1,334)         (6,866)           8,627
100 Tenth Largest (#901 - #1000)         10,890         10,572           7,648           3,669           6,329         (1,150)         (4,915)           5,671
100 Eleventh Largest (#1001 - #1100)         20,452         92,556         25,552       (10,903)         (6,253)       (68,687)       (60,691)           9,266
100 Twelfth Largest (#1101 - #1200)           7,413           6,638           7,461           5,247           3,234           1,963         (4,683)           3,812
100 Thirteenth Largest (#1201 - #1300)           8,508           7,603           6,906           7,445           5,120           1,714       (10,203)           5,786
100 Fourteenth Largest (#1301 - #1400)           3,743           3,551           4,631           4,656           5,836              892            (531)           4,876
100 Fifteenth Largest (#1401 - #1500)         12,989         54,278         17,564         (1,830)       (11,081)       (20,887)       (54,599)         (1,969)
100 Sixteenth Largest (#1501 - #1600)           5,940           2,783           4,296           1,431           2,758            (344)         (4,220)            (584)
100 Seventeenth Largest (#1601- #1700)              699         (1,246)         (1,659)           4,907           2,268           1,309         (6,937)           1,389
100 Eighteenth Largest (#1701 - #1800)           3,401           4,111            (779)           2,186           2,163              (65)         (6,086)         (1,472)
100 Nineteenth Largest (#1801 - #1900)           1,430           1,805           2,524           2,773           3,066           1,080              252           3,559
100 Twenteeth Largest (#1901 - #2000)           2,518           3,440                17            (556)                32         (1,105)         (9,640)         (2,165)
100 21st Largest (#2001 - #2100)           1,658           1,658           1,457              919              638            (512)         (2,028)              279
100 22nd Largest (#2101 - #2200)           1,591           1,420            (692)              740              299            (804)         (2,351)            (280)
100 23rd Largest (#2201 - #2300)         (7,472)              222            (410)           2,184           1,832            (613)         (3,001)            (712)
100 24th Largest (#2301 - #2400)              (52)           1,167           2,663           2,550              839              353            (128)           1,471
100 25th Largest (#2401 - #2500)            (272)            (470)            (171)            (372)              245         (5,851)       (12,092)                60
100 26th Largest (#2501 - #2600)            (558)              346            (198)           1,502           1,753            (290)            (922)            (682)
100 27th Largest (#2601 - #2700)         (2,342)            (760)              (16)           1,144              114         (2,180)         (2,155)              993
100 28th Largest (#2701 - #2800)            (585)            (646)            (308)            (289)              (94)            (467)         (1,248)              529
100 29th Largest (#2801 - #2900)            (950)            (315)            (580)            (502)            (462)            (781)         (1,266)            (277)
100 30th Largest (#2901 - #3000)            (907)            (566)            (832)            (597)            (269)            (808)         (1,446)                20









Total 3000 Largest US Companies    1,118,546    1,256,753       997,007       932,948       830,955       409,261       (67,135)       678,877









Annual Earnings % Changes:







….. 2014 vs 2013 -11%






….. 2014 vs 2012 12%






….. 2014 vs 2011 20%






….. 2014 vs 2010 35%






….. 2014 vs 2009 173%






….. 2014 vs 2008 1766%






….. 2014 vs 2007 65%















Two Year Total Earnings:







….. 2013-14    2,375,299






….. 2008-09       342,126






………. Two Year Earnings Increase







………….. Amount    2,033,172






………………. % 594%







From the above nearly all audited by very prestigious Big 4 CPA Firms US GAAP earnings numbers, it should be clear that the 3,000 largest US Companies have recovered miraculously from the 2008 worldwide financial meltdown.  And when the 3,000 largest US Companies registered $67 Bil of Total Losses in 2008, a financially astute person could only conclude that the US economy was headed for a deep, prolonged depression.

These $67 Bil of Total Losses in 2008 increase dramatically as company stock market caps decline.  The Top 200 US Companies generated 2008 Total Earnings of $208 Bil, whereas the bottom 2,800 of these 3,000 (#201-3000) registered 2008 Total Losses of $275 Bil.
  
The Total Earnings of these US Companies were $679 bil in 2007, the peak year for Total US Company Earnings before the 2008 financial meltdown.  With the 2008 financial meltdown, these 2007 Total Earnings of $679 bil dropped precipitously to 2008 Total Losses of $67 bil.

Then they started their rapid ascent, with 2009 Total Earnings of $409 bil and 2010 Total Earnings of $831 bil, thereby recouping the massive earnings loss and 22% more in only two years.

By 2014 these Total US Company Earnings were 65% higher than their 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 from the disastrous 2008 financial meltdown were prescient steps taken by the Obama 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 Administration and Democratic US Senate and US House Candidates should run on these incredible economic accomplishments, instead of running away from the Obama Administration, with such a near-sighted strategy costing many of them dearly in past elections.


On the huge downside here, the Total Audited Earnings of these 3,000 largest US Companies for 2014 were down 11% from 2013.  

And the smaller market cap US Companies have seen their 2014 Total Audited Earnings just collapse.  The smallest 800 of these 3,000 largest US Companies registered Total Audited Losses of $13 bil in 2014, 13 Times as large as their 2013 Total Audited Losses of $1 bil.

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, which will drive the growth of company earnings globally for many years to come.

And this substantial lifting of the world's economies as well as of the world's underclass should also prove to be the single best way in the long run to deal with ISIS and other terrorist threats.

But guess what?  The two leading Democratic Presidential candidates and the leading Republican candidate have all boldly announced that they are against the TransPacific Trade Partnership.

Since the US Congress has made it clear that it will not pass either substantial economic stimulus or corporate tax reform, all that is left to substantially spur company profit growth are wisely-designed Trade Agreements.  I don't like saying this but absent the TransPacific and TransAtlantic Trade Agreements, just like what has happened in each of the most recent 7 quarters (1Q 2014 thru 3Q 2015), Total Year-Over-Year US GAAP Total Quarterly Earnings of US Companies will continue to decline, which will eventually also lead to continuing higher US unemployment and continuing hallowing out of the US middle class.  US Companies don't hire employees when their earnings continue to decline.  Instead, they lay people off, especially the higher paid middle income employees with excellent company-paid employee benefits.  It's that simple.


And the same holds true of nearly all foreign companies.