Friday, May 27, 2016

Washington DC Fannie Mae 2015 Audited Earnings Were $10.995 Bil, 72% Below That of Its Average Annual Audited Earnings For 2012-14 ..... All 11 DC Companies Other Than Fannie Mae With Market Caps Below $10 Bil Generated 2015 Total Audited Earnings Which Were 74% Below That in 2014, 78% Below 2013 and 86% Below 2012 ..... But It Gets Even Worse in the 1st Quarter 2016 Where Fannie Mae's Earnings Drop By Another 40% and the 11 DC Companies With Market Caps Below $10 Bil Had Their 1Q 2016 Total Earnings Decline By Another 83% From the 1Q 2015 ..... When Earnings Drop So Precipitously Across the Board, Capitalism Doesn't Work Properly and Especially the Middle and Lower Economic Classes Suffer Financially ..... The Republican and Democratic Establishments Have Not Created a Favorable Economic Environment in DC Which Would Permit DC Companies, Their Employees and Their Families To Flourish in 2015

Since there will be a Democratic US Presidential Primary between Hillary Clinton and Bernie Sanders which will be held in the Nation's Capitol on Tuesday, June 14, 2016, I think it would be helpful to research just how well Washington DC Publicly-Held Companies have fared on the earnings front.

From both the superb Google Finance website and US Company SEC filings, below here are the reported US GAAP Audited Earnings (Losses) From Continuing Operations for the most recent Annual Fiscal Year End (FYE) 2015 and for 2012 through 2014 for all 13 Publicly-Held Washington DC HQed Companies:




2015 2014 2013 2012




Net Net Net Net



Most Income Income Income Income

City
Recent (Loss) (Loss) (Loss) (Loss)
Washington DC Publicly-Held Companies HQs
FYE  $ mils  $ mils  $ mils  $ mils








Fannie Mae DC
Dec 15       10,955       14,209       83,982       17,220
Average Annual Earnings 2012-14


      38,470


2015 Earnings % Below Average 2012-14


-72%


















Danaher Corp ($68 Bil Market Cap) DC
Dec 15         2,599         2,543         2,591         2,181








With Market Caps Below $10 Bil






The Carlyle Group LP DC
Dec 15            400            915         1,348         2,400
Washington REIT DC
Dec 15              89                5               (0)                8
Federal Agricultural Mortgage Corp DC
Dec 15              74              70              98              69
FTI Consulting DC
Dec 15              66              59             (11)             (37)
Cogent Communications Holdings DC
Dec 15                5                1              57               (4)
CoStar Group DC
Dec 15               (3)              45              30              10
DuPont Fabros Technology DC
Dec 15               (4)            125              54              61
Easterly Government Properties DC
Dec 15               (6)              68              26              10
Vanda Pharmaceuticals DC
Dec 15             (40)              20             (21)             (29)
Liquidity Services DC
Sep 15           (105)              30              41              48
The Advisory Board Company DC
Dec 15           (119)              24              23              23








Total all 11 With Market Caps Below $10 Bil


           357         1,362         1,645         2,559
2015 Total Earnings % Below That In:






………. 2014


-74%


………. 2013


-78%


………. 2012


-86%



Also from a review of US Company SEC filings, below here are the reported US GAAP Earnings (Losses) From Continuing Operations for the First Quarters of 2016 and 2015 for all 13 Publicly-Held Washington DC HQed Companies:





 1st Qtr   1st Qtr 




First 2016 2015




Quarter Net Net Increase Increase



2016 Income Income (Decrease) (Decrease)

City
Month (Loss) (Loss) Amount %
Publicly-Held Washington DC Companies HQs
End  $ mils  $ mils  $ mils








Fannie Mae DC
Mar 16         1,136.0         1,888.0          (752.0) -40%








Danaher Corp ($68 Bil Market Cap) DC
Mar 16            758.4            558.0            200.4








With Market Caps Below $10 Bil






The Carlyle Group LP DC
Mar 16                7.9            604.8          (596.9) -99%
Washington REIT DC
Mar 16                2.4              29.4            (27.0)
DuPont Fabros Technology DC
Mar 16              36.7              26.3              10.4
FTI Consulting DC
Mar 16              30.2              23.7                6.5
Federal Agricultural Mortgage Corp DC
Mar 16              13.6              18.6              (5.0)
Liquidity Services DC
Mar 16              (0.9)                1.4              (2.3)
Cogent Communications Holdings DC
Mar 16                3.4              (1.6)                5.0
CoStar Group DC
Mar 16              16.7              (6.1)              22.8
Easterly Government Properties DC
Mar 16                1.1              (8.0)                9.1
Vanda Pharmaceuticals DC
Mar 16            (12.4)            (10.2)              (2.2)
The Advisory Board Company DC
Mar 16              10.3            (22.1)              32.4








Total all 11 With Market Caps Below $10 Bil


           109.0            656.2          (547.2) -83%