The 65 California Companies With Market Caps Above $10 Bil Suffered a Sharp Total Audited Under US GAAP Earnings Growth Deceleration In the Most Recent Two Years ..... 2015 Total Audited US GAAP Earnings Were Down 0.1% From 2014, After 2014 Total Earnings Being Up 11.9% Over 2013 and 2013 Total Earnings Being Up a Much Higher 25.6% Over 2012

From both the superb Google Finance website and US Company SEC filings, below here are the reported US GAAP Earnings (Losses) From Continuing Operations, Audited By One of the Prestigious Big 4 CPA Firms, for the most recent Annual Fiscal Year End (FYE) 2015 and for 2012 through 2014 for each of the 65 Publicly-Held California HQed Companies with Stock Market Capitalizations Above $10 Bil, presented in very recent Stock Market Capitalization order:

						Annual	Annual	Annual	Annual
						2015	2014	2013	2012
						Net	Net	Net	Net
Market					Most	Income	Income	Income	Income
Cap		California Largest Companies	City	State	Recent	(Loss)	(Loss)	(Loss)	(Loss)
$ bils		Market Cap Above $10 Bil	HQs	HQs	FYE	$ mils	$ mils	$ mils	$ mils
520		Apple	Cupertino	CA	Sep 15	53,394	39,510	37,037	41,733
488		Alphabet Inc (Google)	Mountain View	CA	Dec 15	16,348	13,620	13,160	11,435
333		Facebook	Menlo Park	CA	Dec 15	3,688	2,940	1,500	53
246		Wells Fargo	San Francisco	CA	Dec 15	23,276	23,608	22,224	19,368
188		Chevron	San Ramon	CA	Dec 15	4,710	19,310	21,597	26,336
184		Visa	Foster City	CA	Sep 15	6,328	5,438	4,980	2,142
161		Oracle	Redwood City	CA	May 15	9,938	10,955	10,925	9,981
161		Walt Disney Co	Burbank	CA	Sep 15	8,852	8,004	6,636	6,173
145		Cisco Systems	San Jose	CA	Jul 15	8,981	7,853	9,983	8,041
141		Intel	Santa Clara	CA	Dec 15	11,420	11,704	9,620	11,005
111		Amgen	Thousand Oaks	CA	Dec 15	6,939	5,158	5,081	4,345
109		Gilead Sciences	Foster City	CA	Dec 15	18,106	12,059	3,057	2,574
75		Qualcomm	San Diego	CA	Sep 15	5,268	7,534	6,845	5,283
55		Avago Technologies	San Jose	CA	Oct 15	1,391	309	552	563
52		Salesforce.com	San Francisco	CA	Jan 16	(47)	(263)	(232)	(270)
48		Paypal Holdings	San Jose	CA	Dec 15	1,228	419	955	778
48		Adobe Systems	San Jose	CA	Nov 15	630	268	290	833
46		Public Storage	Glendale	CA	Dec 15	1,318	1,150	1,057	930
39		Netflix	Los Gatos	CA	Dec 15	123	267	112	17
38		McKesson	San Francisco	CA	Mar 16	2,342	1,842	1,414	1,363
37		Broadcom Corp	San Jose	CA	Dec 15	978	652	424	719
37		Charles Schwab	San Francisco	CA	Dec 15	1,447	1,321	1,071	928
36		Yahoo!	Sunnyvale	CA	Dec 15	(4,351)	7,532	1,377	3,951
30		Monster Beverage	Corona	CA	Dec 15	547	483	339	340
28		eBay Inc	San Jose	CA	Dec 15	1,947	(865)	2,067	1,931
27		Hewlett Packard Enterprise	Palo Alto	CA	Oct 15	2,461	1,648	2,051	(14,761)
27		Tesla Motors	Palo Alto	CA	Dec 15	(889)	(294)	(74)	(396)
27		Activision Blizzard	Santa Monica	CA	Dec 15	892	835	1,010	1,149
26		Intuit	Mountain View	CA	Jul 15	413	853	807	764
25		Prologis	San Francisco	CA	Dec 15	926	739	230	(106)
24		Intuitive Surgical	Sunnyvale	CA	Dec 15	589	419	671	657
24		Ross Stores	Dublin	CA	Jan 16	1,021	925	837	787
24		VMware	Palo Alto	CA	Dec 15	997	886	1,014	746
24		Equinix	Redwood City	CA	Dec 15	188	(261)	96	130
23		Edwards Lifesciences	Irvine	CA	Dec 15	495	811	389	292
23		Applied Materials	Santa Clara	CA	Oct 15	1,377	1,072	256	109
21		Franklin Resources	San Mateo	CA	Sep 15	2,105	2,412	2,171	1,916
21		Illumina	San Diego	CA	Dec 15	457	353	125	151
21		Electronic Arts	Redwood City	CA	Mar 16	1,156	875	8	98
20		HP Inc	Palo Alto	CA	Oct 15	4,554	5,013	5,113	(12,650)
19		NVIDIA Corp	Santa Clara	CA	Jan 16	614	631	440	563
17		Clorox	Oakland	CA	Jun 15	606	579	573	543
17		LinkedIn	Mountain View	CA	Dec 15	(165)	(15)	27	22
17		HCP Inc	Irvine	CA	Dec 15	(546)	907	911	801
16		Realty Income Corp	San Diego	CA	Dec 15	285	269	181	142
16		SanDisk	Milpitas	CA	Dec 15	388	1,007	1,043	417
16		Essex Property Trust	San Mateo	CA	Dec 15	248	134	141	128
15		Check Point Software	San Carlos	CA	Dec 15	686	660	653	620
14		Biomarin Pharmaceutical	Novato	CA	Dec 15	(172)	(134)	(176)	(114)
14		Workday	Pleasanton	CA	Jan 16	(290)	(248)	(173)	(119)
14		Digital Realty Trust	San Francisco	CA	Dec 15	302	203	320	216
14		Agilent Technologies	Santa Clara	CA	Oct 15	438	232	225	353
13		Autodesk	San Rafael	CA	Jan 16	(331)	82	229	247
12		Macerich	Santa Monica	CA	Dec 15	523	1,607	159	303
12		Palo Alto Networks	Santa Clara	CA	Jul 15	(165)	(226)	(29)	1
12		Lam Research	Fremont	CA	Jun 15	656	632	114	169
11		ServiceNow	Santa Clara	CA	Dec 15	(198)	(179)	(74)	(37)
11		Xilinx	San Jose	CA	Mar 16	551	648	630	488
11		Symantec	Mountain View	CA	Mar 16	(821)	109	91	(138)
11		KLA-Tencor	Milpitas	CA	Jun 15	366	583	543	756
11		Mattel	El Segundo	CA	Dec 15	369	499	904	776
11		Medivation Inc	San Francisco	CA	Dec 15	245	276	(43)	(41)
11		Linear Technology	Milpitas	CA	Jun 15	521	460	407	398
10		Maxim Integrated Products	San Jose	CA	Jun 15	206	355	452	355
10		Twitter Inc	San Francisco	CA	Dec 15	(521)	(578)	(645)	(79)
		Total all 65				205,338	205,587	183,678	146,208
		Total Annual Earnings % Change:
		Annual 2015 vs Annual 2014				-0.1%
		Annual 2014 vs Annual 2013				11.9%
		Annual 2013 vs Annual 2012				25.6%

Also, below here are three California Companies which are not publicly traded but which still filed their financial statements with the SEC and which probably would have stock market caps above $10 Bil if their common stock was traded.

				Annual	Annual	Annual	Annual	Annual
				2015	2014	2013	2012	2011
				Net	Net	Net	Net	Net
California Largest Companies			Most	Income	Income	Income	Income	Income
Not Publicly Traded But Filing	City	State	Recent	(Loss)	(Loss)	(Loss)	(Loss)	(Loss)
Their Financial Statements With the SEC	HQs	HQs	FYE	$ mils	$ mils	$ mils	$ mils	$ mils
Denali Holding (Dell)	Menlo Park	CA	Jan 16	(1,104)	(1,221)	(1,705)	2,372	3,492
American Honda Finance	Torrance	CA	Mar 15	992	956	1,002	1,268	1,169
Toyota Motor Credit	Torrance	CA	Mar 15	1,197	857	1,331	1,486	1,853