As you can see in the below chart, the Total US GAAP Audited Earnings of these largest US Companies dropped massively by 100% from 2007 to 2008, which was the US financial meltdown year and also the last year of the Bush/Cheney Presidency. Then, these Total Earnings increased by an almost unbelievable 96,990% (yeah, that's up 970 Times) in 2009 over 2008 and increased by an additional 108% in 2010 over 2009, thereby much more than recouping in only two years the total earnings decline resulting from the disastrous 2008 financial meltdown.
But on the downside, 2015 Total Earnings of these 2,159 largest US Companies were down 18% from 2014. This was attributable to the middle-sized and smaller of these US Companies, those with Market Cap Ranges from $600 Mil to $40 Bil, generating 2015 Total Earnings which were down in the range of 18% to 347% from 2014, while the very largest of these Companies, the 113 with Market Caps above $40 Bil and comprising 69% of the Total Earnings of all 2,159 Companies, generated 2015 Total Earnings which were basically flat with 2014.
Nearly all of the US House Republicans and also the Big Corporatist Democratic Wing in the US Senate, which now comprises a clear majority of US Senate Democrats, have both focused much more on the success of the very largest, most profitable US Companies than they have on the success of the middle-sized and smaller US C Corp Companies. I think to get US real annual GDP growth above 4% for many years and broad-based, the US Congress should vote for strong tax incentives for the forgotten middle-sized and smaller US C Corp Companies, with the key component here being to allow, on a prospective basis, a current US Federal Income Tax Cash Benefit in the same year a Tax Loss is generated.
First, below here are the total reported Audited US GAAP Earnings (Losses) From Continuing Operations of these 2,159 largest US Companies for all years where consistent earnings amounts were reported from 2007 through 2015 and the Annual Earnings Percentage Change from the prior year, with the Total Earnings amounts broken down by Company Stock Market Capitalization Range:
| 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||
| US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | ||
| Audited | Audited | Audited | Audited | Audited | Audited | Audited | Audited | Audited | ||
| Net | Net | Net | Net | Net | Net | Net | Net | Net | ||
| # of | Income | Income | Income | Income | Income | Income | Income | Income | Income | |
| Company Market Cap Range | Companies | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) |
| $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | ||
| Above $40 Bil | 113 | 646,812 | 647,485 | 678,815 | 590,929 | 594,543 | 507,526 | 341,877 | 163,115 | 373,271 |
| $30-40 Bil | 37 | 56,327 | 69,062 | 52,892 | 40,872 | 46,630 | 38,726 | 27,332 | 10,971 | 44,619 |
| $20-30 Bil | 86 | 61,336 | 87,215 | 92,080 | 71,735 | 85,234 | 61,015 | 29,726 | 20,906 | 63,825 |
| $10-20 Bil | 180 | 67,550 | 110,192 | 107,529 | 87,041 | 90,470 | 75,685 | 34,094 | (12,248) | 50,945 |
| $5-10 Bil | 285 | 74,330 | 104,741 | 102,157 | 83,358 | 65,700 | 67,061 | 34,103 | (30,363) | 48,293 |
| $3-5 Bil | 276 | 25,994 | 39,502 | 43,012 | 37,251 | 28,626 | 32,726 | 9,488 | (5,790) | 21,146 |
| $2-3 Bil | 308 | 11,380 | 42,827 | 107,064 | 36,876 | 1,284 | 3,393 | (75,462) | (64,054) | 13,018 |
| $1-2 Bil | 522 | 2,088 | 31,939 | 70,086 | 34,277 | 15,124 | 3,397 | (19,246) | (74,092) | 8,331 |
| $700 Mil-$1 Bil | 236 | (4,383) | 8,551 | 8,021 | 4,529 | 4,609 | 4,155 | 159 | (7,158) | 3,125 |
| $600-700 Mil | 116 | (1,485) | 602 | 895 | 747 | 1,232 | 1,018 | (405) | (1,681) | 18 |
| Totals (All Above $600 Mil) | 2159 | 939,949 | 1,142,116 | 1,262,551 | 987,615 | 933,452 | 794,702 | 381,665 | (394) | 626,591 |
| Annual Earnings % Change vs Prior Year | ||||||||||
| Above $40 Bil | 113 | -0.1% | -5% | 15% | -1% | 17% | 48% | 110% | -56% | |
| $30-40 Bil | 37 | -18% | 31% | 29% | -12% | 20% | 42% | 149% | -75% | |
| $20-30 Bil | 86 | -30% | -5% | 28% | -16% | 40% | 105% | 42% | -67% | |
| $10-20 Bil | 180 | -39% | 2% | 24% | -4% | 20% | 122% | 378% | -124% | |
| $5-10 Bil | 285 | -29% | 3% | 23% | 27% | -2% | 97% | 212% | -163% | |
| $3-5 Bil | 276 | -34% | -8% | 15% | 30% | -13% | 245% | 264% | -127% | |
| $2-3 Bil | 308 | -73% | -60% | 190% | 2772% | -62% | 104% | -18% | -592% | |
| $1-2 Bil | 522 | -93% | -54% | 104% | 127% | 345% | 118% | 74% | -989% | |
| $700 Mil-$1 Bil | 236 | -151% | 7% | 77% | -2% | 11% | 2518% | 102% | -329% | |
| $600-700 Mil | 116 | -347% | -33% | 20% | -39% | 21% | 351% | 76% | -9397% | |
| Totals (All Above $600 Mil) | 2159 | -18% | -10% | 28% | 6% | 17% | 108% | 96990% | -100% | |
| 2015 Total Earnings % Above | ||||||||||
| ….. 2008 Total Earnings | 238,718% | |||||||||
| ….. 2007 Total Earnings | 50% | |||||||||
In my most recent posts, I have shown the US GAAP Audited Earnings (Losses) for each of the 2,043 largest US Companies with stock market capitalizations of above $700 Mil. Thus, below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of the 116 US Companies with recent stock market caps of $600 Mil-700 Mil, for all years in which consistent earnings amounts were available from 2007 through 2015, with all companies presented in most recent Stock Market Cap order:
| 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | ||||
| Most | Audited | Audited | Audited | Audited | Audited | Audited | Audited | Audited | Audited | |||
| Recent | Net | Net | Net | Net | Net | Net | Net | Net | Net | |||
| City | State | 2015 | Income | Income | Income | Income | Income | Income | Income | Income | Income | |
| Company | HQs | HQs | FYE | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) |
| $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | ||||
| Gogo Inc | Chicago | IL | Dec15 | (108) | (85) | (111) | (33) | 24 | (113) | (142) | (122) | (49) |
| HomeFed Corp | Carlsbad | CA | Dec15 | 7 | 5 | 13 | 7 | 6 | 4 | 3 | (10) | 9 |
| Armada Hoffler Properties Inc | Virginia Beach | VA | Dec15 | 31 | 13 | 14 | 9 | 3 | 4 | |||
| New York Mortgage Trust Inc | New York | NY | Dec15 | 78 | 136 | 69 | 28 | 5 | 6 | 11 | (26) | (21) |
| The Rubican Project | Los Angeles | CA | Dec15 | 0 | (19) | (9) | (2) | (15) | ||||
| City Holding Company | Charleston | WV | Dec15 | 54 | 53 | 48 | 39 | 41 | 39 | 43 | 28 | 51 |
| Eclipse Resources Corp | State College | PA | Dec15 | (971) | (183) | (44) | (9) | |||||
| Aegion Corp | Chesterfield | MO | Dec15 | (8) | (32) | 51 | 54 | 27 | 61 | 30 | 24 | 13 |
| GrafTech Intl Ltd | Independence | OH | Dec15 | (154) | (285) | (27) | 118 | 153 | 175 | 16 | 184 | 162 |
| TowneBank | Portsmouth | VA | Dec15 | 62 | 42 | 42 | 38 | 33 | 30 | 27 | 24 | 23 |
| Fiesta Restaurant Group | Addison | TX | Dec15 | 39 | 36 | 9 | 8 | 10 | 7 | 8 | 1 | 8 |
| Eldorado Resorts Inc | Reno | NV | Dec15 | 114 | (14) | 19 | (1) | (29) | (6) | (1) | (28) | |
| Raven Industries Inc | Sioux Falls | SD | Jan16 | 9 | 32 | 43 | 53 | 50 | 41 | 29 | 31 | 28 |
| Marten Transport Ltd | Mondovi | WI | Dec15 | 36 | 30 | 30 | 27 | 24 | 20 | 16 | 18 | 15 |
| VASCO Data Security Intl Inc | Oakbrook Terrace | IL | Dec15 | 42 | 33 | 11 | 16 | 24 | 11 | 12 | 24 | 21 |
| Triangle Capital Corp | Raleigh | NC | Dec15 | 48 | 28 | 81 | 60 | 57 | 25 | 4 | 8 | 9 |
| Ecoark Holdings | Rogers | AR | Dec15 | (10) | (13) | |||||||
| Super Micro Computer | San Jose | CA | Jun15 | 102 | 54 | 21 | 30 | 40 | 27 | 16 | 25 | 19 |
| Veritiv Corp | Atlanta | GA | Dec15 | 27 | (20) | 0 | 14 | 36 | 48 | |||
| Textura Corp | Deerfield | IL | Dec15 | (17) | (25) | (40) | (19) | (19) | (16) | |||
| Forrester Research Inc | Cambridge | MA | Dec15 | 12 | 11 | 13 | 26 | 22 | 21 | 19 | 29 | 19 |
| Cedar Realty Trust Inc | Port Washington | NY | Dec15 | 22 | 18 | 5 | 24 | (28) | (9) | (21) | 10 | 14 |
| Inteliquent Inc | Chicago | IL | Dec15 | 38 | 39 | 64 | (34) | 40 | 34 | 41 | 24 | 6 |
| Washington Trust Bancorp | Westerly | RI | Dec15 | 43 | 41 | 36 | 35 | 30 | 24 | 16 | 22 | 24 |
| ANI Pharmaceuticals | Baudette | MN | Dec15 | 15 | 29 | 0 | (2) | (3) | ||||
| Diamond Hill Investment Group | Columbus | OH | Dec15 | 37 | 32 | 22 | 17 | 14 | 12 | 11 | 3 | 10 |
| Red Robin Gourmet Burgers Inc | Greenwood Village | CO | Dec15 | 48 | 33 | 32 | 28 | 21 | 7 | 18 | 27 | 31 |
| MGP Ingredients Inc | Atchison | KS | Dec15 | 26 | 24 | (6) | 2 | (1) | 9 | (69) | (12) | 18 |
| Natera | San Carlos | CA | Dec15 | (70) | (5) | (37) | (76) | |||||
| Cerus Corp | Concord | CA | Dec15 | (56) | (39) | (43) | (16) | (17) | (17) | (24) | (29) | (39) |
| Argan Inc | Rockville | MD | Jan16 | 50 | 43 | 43 | 22 | 9 | 8 | 7 | 10 | (3) |
| National Western Life Group | Austin | TX | Dec15 | 98 | 106 | 96 | 93 | 56 | ||||
| Fox Factory Holding Corp | Scotts Valley | CA | Dec15 | 25 | 28 | 24 | 14 | 14 | 11 | 5 | 4 | |
| Merrimack Pharmaceuticals | Cambridge | MA | Dec15 | (148) | (84) | (131) | (92) | (80) | (50) | (49) | (46) | (32) |
| LGI Homes | The Woodlands | TX | Dec15 | 53 | 28 | 22 | 10 | 5 | ||||
| Universal American Corp | White Plains | NY | Dec15 | (5) | (25) | (12) | 39 | (7) | ||||
| PC Connection | Merrimack | NH | Dec15 | 47 | 43 | 36 | 33 | 29 | 23 | (1) | 10 | 23 |
| Pacific Biosciences of California | Menlo Park | CA | Dec15 | (32) | (66) | (79) | (94) | (109) | (140) | (88) | (44) | (22) |
| Piper Jaffray Companies | Minneapolis | MN | Dec15 | 58 | 74 | 55 | 50 | (89) | 22 | 30 | (185) | 25 |
| Synergy Pharmaceuticals | New York | NY | Dec15 | (118) | (96) | (62) | (39) | (14) | (15) | (8) | (32) | (0) |
| Eagle Pharmaceuticals | Woodcliff Lake | NJ | Dec15 | 3 | (18) | (6) | (19) | (5) | ||||
| Pinnacle Entertainment | Las Vegas | NV | Dec15 | 42 | 38 | (133) | (13) | 29 | (41) | (63) | (206) | 7 |
| Varonis Systems Inc | New York | NY | Dec15 | (21) | (19) | (7) | (5) | (4) | (3) | |||
| Virtus Investment Partners Inc | Hartford | CT | Dec15 | 31 | 97 | 77 | 38 | 145 | 10 | (6) | (529) | (14) |
| Global Eagle Entertainment Inc | Los Angeles | CA | Dec15 | (2) | (57) | (115) | (43) | (19) | (19) | (27) | ||
| Capella Education Company | Minneapolis | MN | Dec15 | 40 | 38 | 35 | 36 | 52 | 61 | 43 | 29 | 23 |
| Veeco Instruments Inc | Plainview | NY | Dec15 | (32) | (67) | (42) | 27 | 191 | 277 | (2) | (49) | (24) |
| Rent-A-Center Inc | Plano | TX | Dec15 | (867) | 96 | 129 | 180 | 160 | 170 | 168 | 140 | 76 |
| United Financial Bancorp | Glastonbury | CT | Dec15 | 50 | 7 | 14 | 16 | 7 | 12 | 10 | (2) | 8 |
| Easterly Government Properties | Washington | DC | Dec15 | (6) | 68 | 26 | 10 | |||||
| Viad Corp | Phoenix | AZ | Dec15 | 27 | 41 | 19 | 4 | 8 | (2) | (105) | 44 | 43 |
| TransMontaigne Partners LP | Denver | CO | Dec15 | 42 | 32 | 35 | 39 | 47 | 27 | 27 | 26 | 25 |
| Stock Yards Bancorp Inc | Louisville | KY | Dec15 | 37 | 35 | 27 | 26 | 24 | 23 | 16 | 22 | 24 |
| Photronics Inc | Brookfield | CT | Oct15 | 57 | 32 | 20 | 30 | 20 | 25 | (41) | (209) | 27 |
| Koppers Holdings Inc | Pittsburgh | PA | Dec15 | (76) | (40) | 40 | 67 | 58 | 45 | 22 | 48 | 51 |
| SunCoke Energy Partners LP | Lisle | IL | Dec15 | 92 | 88 | 124 | 83 | 50 | 24 | (7) | ||
| Dime Community Bancshares | Brooklyn | NY | Dec15 | 45 | 44 | 44 | 40 | 47 | 41 | 26 | 28 | 22 |
| Thermon Group Holdings Inc | San Marcos | TX | Mar16 | 24 | 49 | 26 | 27 | 12 | (15) | 19 | 26 | (21) |
| Inovio Pharmaceuticals Inc | San Diego | CA | Dec15 | (29) | (36) | (66) | (20) | (15) | (18) | (24) | (13) | (11) |
| Archrock | Houston | TX | Dec15 | (159) | (17) | (3) | (135) | (113) | ||||
| Penntex Midstream Partners LP | Houston | TX | Dec15 | 0 | (5) | |||||||
| Retrophin | San Diego | CA | Dec15 | 117 | (111) | (35) | (30) | |||||
| Delek Logistics Partners LP | Brentwood | TN | Dec15 | 66 | 70 | 33 | 14 | (1) | 5 | 8 | 9 | 12 |
| General Communication Inc | Anchorage | AK | Dec15 | (26) | 59 | 32 | 9 | 5 | 9 | 4 | (3) | 14 |
| CNL Lifestyle Properties | Orlando | FL | Dec15 | (149) | (60) | (67) | (37) | (41) | (82) | (20) | 33 | 35 |
| Insmed Inc | Bridgewater | NJ | Dec15 | (118) | (79) | (56) | (41) | (60) | (6) | 118 | (16) | (20) |
| Ultratech Inc | San Jose | CA | Dec15 | (15) | (19) | (14) | 47 | 39 | 17 | 2 | 12 | (1) |
| National Presto Industries Inc | Eau Claire | WI | Dec15 | 40 | 26 | 41 | 39 | 48 | 64 | 63 | 44 | 39 |
| AeroVironment Inc | Simi Valley | CA | Apr16 | 9 | 3 | 14 | 10 | 30 | 26 | 21 | 24 | 21 |
| SPX Corp | Charlotte | NC | Dec15 | (191) | 116 | 10 | (364) | (23) | ||||
| Entravision Communication | Santa Monica | CA | Dec15 | 26 | 27 | 134 | 14 | (8) | (18) | (50) | (525) | 40 |
| Ciner Resources LP | Atlanta | GA | Dec15 | 106 | 92 | 71 | 101 | 87 | 49 | 53 | 78 | |
| OCI Partners | Nederland | TX | Dec15 | 52 | 119 | 154 | 52 | 0 | ||||
| Cardiovascular Systems Inc | St Paul | MN | Jun15 | (33) | (35) | (24) | (17) | (11) | (24) | (32) | (39) | (16) |
| Rayonier Advanced Materials Inc | Jacksonville | FL | Dec15 | 55 | 32 | 220 | 242 | 214 | 159 | 305 | 89 | |
| TriCo Bancshares | Chico | CA | Dec15 | 44 | 26 | 27 | 19 | 19 | 6 | 10 | 17 | 26 |
| Silver Springs Networks | Redwood City | CA | Dec15 | 80 | (89) | (67) | (90) | (92) | (148) | (113) | (40) | (27) |
| Regis Corp | Minneapolis | MN | Jun15 | (33) | (140) | 5 | (52) | (22) | 26 | (7) | 84 | 68 |
| Bojangles' | Charlotte | NC | Dec15 | 27 | 26 | 24 | 8 | |||||
| Westlake Chemicals Partners | Houston | TX | Dec15 | 40 | 13 | |||||||
| Five9 Inc | San Ramon | CA | Dec15 | (26) | (38) | (31) | (19) | (8) | (2) | (1) | ||
| Nimble Storage Inc | San Jose | CA | Jan16 | (120) | (99) | (43) | (28) | (17) | (7) | |||
| CTS Corp | Elkhart | IN | Dec15 | 7 | 27 | 2 | 13 | 11 | 18 | (34) | 28 | 24 |
| TrustCo Bank Corp NY | Glenville | NY | Dec15 | 42 | 44 | 40 | 38 | 33 | 29 | 28 | 34 | 39 |
| Intellia Therapeutics | Cambridge | MA | Dec15 | (12) | (10) | |||||||
| Seacoast Banking Corp of Florida | Stuart | FL | Dec15 | 22 | 6 | 52 | (1) | 7 | (33) | (147) | (46) | 10 |
| Atara Biotherapeutics | South San Francisco | CA | Dec15 | (57) | (28) | (9) | (4) | |||||
| Silver Bay Realty Trust | Plymouth | MN | Dec15 | (10) | (57) | (25) | (6) | |||||
| Kronos Worldwide Inc | Dallas | TX | Dec15 | (174) | 99 | (102) | 219 | 321 | 131 | (35) | 9 | (67) |
| Saia Inc | Johns Creek | GA | Dec15 | 55 | 52 | 44 | 32 | 11 | 2 | (9) | (20) | 17 |
| Republic Bancorp Inc KY | Louisville | KY | Dec15 | 35 | 29 | 25 | 119 | 94 | 65 | 42 | 34 | 25 |
| Community Trust Bancorp | Pikeville | KY | Dec15 | 46 | 43 | 45 | 45 | 39 | 33 | 25 | 23 | 37 |
| H&E Equipment Services | Baton Rouge | LA | Dec15 | 44 | 55 | 44 | 29 | 9 | (25) | (12) | 43 | 65 |
| Chuy's Holdings Inc | Austin | TX | Dec15 | 13 | 11 | 11 | 5 | 3 | 3 | 3 | 0 | (1) |
| Global Brass and Copper Holdings Inc | Schaumburg | IL | Dec15 | 36 | 32 | 11 | 13 | 55 | 42 | 10 | (69) | 104 |
| Oclaro Inc | San Jose | CA | Jun15 | (48) | (102) | (120) | (64) | (46) | 11 | (26) | (23) | (82) |
| Encore Capital Group Inc | San Diego | CA | Dec15 | 47 | 100 | 75 | 79 | 61 | 47 | 33 | 14 | 12 |
| Xura Inc | Wakefield | MA | Jan16 | (51) | (57) | (4) | (47) | (47) | ||||
| Quidel Corp | San Diego | CA | Dec15 | (6) | (7) | 7 | 5 | 8 | (11) | 33 | 19 | 14 |
| 1-800-Flowers.com Inc | Westbury | NY | Jun15 | 19 | 14 | 16 | 13 | 6 | (2) | (67) | 22 | 21 |
| Corcept Therapeutics Inc | Menlo Park | CA | Dec15 | (6) | (31) | (46) | (38) | (32) | (26) | (20) | (20) | 12 |
| AngioDynamics Inc | Latham | NY | May16 | (44) | (3) | 3 | (1) | (5) | 8 | 12 | 10 | 11 |
| Valhi Inc | Dallas | TX | Dec15 | (171) | 80 | (127) | 222 | 295 | 64 | (38) | 5 | (49) |
| National Interstate Corp | Richfield | OH | Dec15 | 21 | 11 | 18 | 34 | 36 | 39 | 46 | 11 | 44 |
| Cass Information Systems | St Louis | MO | Dec15 | 23 | 24 | 23 | 23 | 23 | 20 | 16 | 19 | 18 |
| Par Pacific Holdings | Houston | TX | Dec15 | (40) | (47) | (79) | (186) | (483) | (105) | (117) | (32) | (56) |
| Ashford Hospitality Trust Inc | Dallas | TX | Dec15 | 306 | (42) | (48) | (59) | 7 | (27) | (188) | 98 | 1 |
| Applied Micro Circuits Corp | Santa Clara | CA | Mar16 | (33) | (52) | (6) | (134) | (83) | (1) | (14) | (261) | (45) |
| CEVA Inc | Mountain View | CA | Dec15 | 6 | (1) | 7 | 14 | 19 | 11 | 8 | 9 | 1 |
| BlackRock Capital Investment Corp | New York | NY | Dec15 | 39 | 137 | 93 | 57 | 77 | 72 | 67 | (151) | 16 |
| Unitil Corp | Hampton | NH | Dec15 | 26 | 25 | 22 | 18 | 16 | 10 | 10 | 10 | 9 |
| Winnebago Industries Inc | Forrest City | IA | Aug15 | 41 | 45 | 32 | 45 | 12 | 10 | (79) | 3 | 42 |
| Flushing Financial Corp | Lake Success | NY | Dec15 | 46 | 44 | 38 | 34 | 35 | 39 | 26 | 22 | 20 |
| Cobalt Intl Energy Inc | Houston | TX | Dec15 | (499) | (317) | (405) | (231) | (79) | (136) | (81) | (72) | (109) |
| Och-Ziff Capital Mgt Group LLC Class A | New York | NY | Dec15 | 26 | 142 | 262 | (311) | (419) | (294) | (297) | (511) | (915) |
| Fred's Inc | Memphis | TN | Jan16 | (7) | (29) | 26 | 30 | 33 | 30 | 24 | 17 | 11 |
| Total all 116 | (1,485) | 602 | 895 | 747 | 1,232 | 1,018 | (405) | (1,681) | 18 | |||
| Annual Earnings % Change vs Prior Year | -347% | -33% | 20% | -39% | 21% | 351% | 76% | -9397% | ||||
