Sunday, July 3, 2016

The 416 Largest US Companies, All With Market Caps Above $10 Bil, Generated Total Audited US GAAP Earnings of $832.0 Bil in 2015, Down 9% From the 2014 Total Earnings of $914.0 Bil ..... On the Other Hand, 2015 Total Earnings Were Up a Remarkable 338% From 2008 Total Earnings and Were Even Up 48% Over 2007 Total Earnings ..... These Resilient, Best-of-Breed US Largest Companies Have Recovered From the 2008 Financial Meltdown Much Better Than the Largest Companies in Nearly All Other Countries ..... This Huge Earnings Recovery Was Helped By the Obama Administration and By the US Fed ..... The 2015 9% Earnings Decline From 2014 Was Due To the Smaller Market Cap ($10-40 Bil) Companies Here ..... There Appears To Be Way Too Much US Congressional Focus on Helping the Very Largest, Most Profitable US Corps ..... No One Appears To Be Fighting For The Smaller Companies

From a review of the fine Google Finance Website and of company financial statements in the US SEC website, I found the 416 largest Companies headquartered in the US, all with Stock Market Capitalizations now of more than $10 Bil.

As you can see in the below chart, the Total Audited Earnings of these largest US Companies dropped by 66% from 2007 to 2008, the financial meltdown year.  Then, these Total Earnings increased by 137% in 2009 over 2008 and increased by another 58% in 2010 over 2009, thereby much more than recouping in only two years the total earnings decline resulting from the 2008 financial meltdown.

Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of these 416 largest US Companies for all years reported from 2007 through 2015, with all companies presented in 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
Market Caps Above $20 Bil











Apple Cupertino CA Sep15     53,394     39,510     37,037     41,733     25,922     14,013       8,235       4,834       3,496
Alphabet (Google) Mountain View CA Dec15     16,348     13,620     13,160     11,435       9,706       8,505       6,520       4,227       4,204
Microsoft Redmond WA Jun15     12,193     22,074     21,863     16,978     23,150     18,760     14,569     17,681     14,065
Exxon Mobil Irving TX Dec15     16,551     33,615     33,448     47,681     42,206     31,398     19,658     46,867     41,615
Berkshire Hathaway Omaha NE Dec15     24,414     20,170     19,845     15,312     10,746     13,494       8,441       5,596     13,567
Johnson & Johnson New Brunswick NJ Dec15     15,409     16,323     13,831     10,853       9,672     13,334     12,266     12,949     10,576
Amazon Seattle WA Dec15          596        (241)          274          (39)          631       1,152          902          645          476
Facebook Menlo Park CA Dec15       3,688       2,940       1,500            53       1,000          606          229          (56)        (138)
General Electric Fairfield CT Dec15       1,681       9,535       7,618       8,646       9,113                
AT&T Dallas TX Dec15     13,687       6,736     18,722       7,574       4,359     19,400     12,447     (2,364)     17,228
Wal-Mart Bentonville AR Jan16     15,080     16,814     16,551     17,704     16,454     15,959     14,962     13,734     13,269
Verizon Communications New York NY Dec15     18,375     11,956     23,547     10,557     10,198     10,217     11,601       3,962     10,563
Wells Fargo San Francisco CA Dec15     23,276     23,608     22,224     19,368     16,211     12,663     12,667       2,698       8,265
Procter & Gamble Cincinnati OH Jun15       8,930     11,318     10,953       8,874     11,197     10,201     10,414     11,224       9,562
Pfizer New York NY Dec15       6,975       9,119     11,410       9,021       8,739       8,211       8,529       7,938       8,255
JPMorgan Chase New York NY Dec15     24,442     21,745     17,886     21,259     18,956     17,370     11,652       3,699     15,365
Coca-Cola Atlanta GA Dec15       7,366       7,124       8,626       9,086       8,634     11,859       6,906       5,874       6,027
Chevron San Ramon CA Dec15       4,710     19,310     21,597     26,336     27,008     19,136     10,563     24,031     18,795
Visa San Francisco CA Sep15       6,328       5,438       4,980       2,142       3,646       2,964       2,352          804     (1,071)
Home Depot Atlanta GA Jan 16       7,009       6,345       5,385       4,535       3,883       3,338       2,620       2,312       4,210
Oracle Redwood City CA May16       8,901       9,938     10,955     10,925       9,981       8,547       6,135       5,593       5,521
Comcast Philadelphia PA Dec15       8,413       8,592       7,135       7,865       5,157       3,668       3,628       2,525       2,549
Merck Kenilworth NJ Dec15       4,459     11,934       4,517       6,299       6,392          982     13,022       7,932       3,397
Walt Disney Co Burbank CA Sep15       8,852       8,004       6,636       6,173       5,258       4,313       3,609       4,729       4,851
Philip Morris New York NY Dec15       7,032       7,658       8,850       9,154       8,879       7,498       6,552       7,150       6,314
Pepsico Purchase NY Dec15       5,501       6,558       6,787       6,214       6,462       6,338       5,979       5,166       5,670
Intel Santa Clara CA Dec15     11,420     11,704       9,620     11,005     12,942     11,464       4,369       5,292       6,976
Altria Group Richmond VA Dec15       5,243       5,070       4,535       4,183       3,393       3,907       3,208       3,090       3,131
Cisco Systems San Jose CA Jul15       8,981       7,853       9,983       8,041       6,490       7,767       6,134       8,052       7,333
IBM Armonk NY Dec15     13,364     15,751     16,881     16,999     15,855     14,833     13,425     12,334     10,418
UnitedHealth Group Minneapolis MN Dec15       5,868       5,619       5,673       5,526       5,142       4,634       3,822       2,977       4,654
Banc of America Charlotte NC Dec15     15,888       4,833     11,431       4,188       1,446     (2,238)       6,276       4,008     14,982
Medtronic plc Minneapolis MN Apr16       3,538       2,675       3,065       3,467       3,415       3,055       3,083       2,070       2,138
Bristol-Myers Squibb New York NY Dec15       1,631       2,029       2,580       2,501       5,260       4,513       4,420       3,686       2,052
Amgen Thousand Oaks CA Dec15       6,939       5,158       5,081       4,345       3,683       4,627       4,605       4,052       3,078
Citigroup New York NY Dec15     17,386       7,504     13,616       7,768     11,076     10,951     (1,066)   (32,029)       3,192
Kraft Heinz Co Pittsburgh PA Dec15          647          672       1,102          992       1,046          963          969          858          794
McDonald's Oak Brook IL Dec15       4,529       4,758       5,586       5,465       5,503       4,946       4,551       4,313       2,335
Gilead Sciences Foster City CA Dec15     18,108     12,059       3,057       2,574       2,789       2,890       2,626       1,970       1,576
Schlumberger Ltd Houston TX Dec15       2,135       5,711       6,843       5,259       4,730       4,253       3,164       5,422       5,177
CVS Health Woonsocket RI Dec15       5,230       4,645       4,600       3,869       3,488       3,422       3,708       3,344       2,637
3M St Paul MN Dec15       4,841       4,998       4,721       4,511       4,357       4,163       3,244       3,520       4,151
AbbVie North Chicago IL Dec15       5,144       1,774       4,128       5,275       3,433       4,178       4,636       4,058
MasterCard Purchase NY Dec15       3,808       3,617       3,116       2,759       1,904       1,847       1,463        (254)       1,086
Allergan plc (was Actavis) Parsippany NJ Dec15     (2,868)     (2,407)        (468)        (241)                    
United Parcel Service Atlanta GA Dec15       4,844       3,032       4,372          807       3,804       3,338       1,968          655          496
Nike Beaverton OR May16       3,760       3,273       2,693       2,451       2,269       2,172       1,907       1,487       1,883
Eli Lilly Indianapolis IN Dec15       2,408       2,391       4,685       4,089       4,348       5,070       4,329     (2,072)       2,953
Walgreens Boot Alliance  Deerfield IL Aug15       4,279       2,031       2,548       2,127       2,714       2,091       2,006       2,157       2,041
Honeywell Morristown NJ Dec15       4,768       4,239       3,924       2,926       1,858       1,944       1,492          789       2,535
United Technologies Hartford CT Dec15       4,356       6,468       5,655       4,692       4,651       4,523       4,179       5,053       4,548
Starbucks Seattle WA Sep15       2,759       2,068              9       1,385       1,248          948          392          312          674
Reynolds American Winston Salem NC Dec15       3,253       1,445       1,718       1,272       1,406       1,337          962       1,338       1,307
Boeing Chicago IL Dec15       5,176       5,446       4,586       3,903       4,011       3,311       1,335       2,654       4,058
Lockeed Martin Bethesda MD Dec15       3,605       3,614       2,950       2,745       2,667       2,614       2,999       3,167       3,033
Qualcomm San Diego CA Sep15       5,268       7,534       6,845       5,283       4,555       3,520       1,792       3,160       3,303
Celgene Summit NJ Dec15       1,602       2,000       1,450       1,456       1,317          777          777     (1,534)          226
Costco Issaquah WA Aug15       2,409       2,088       2,061       1,767       1,542       1,323       1,099       1,295       1,083
Union Pacific Omaha NE Dec15       4,772       5,180       4,388       3,943       3,292       2,780       1,890       2,335       1,855
Lowe's Companies Mooresville NC Jan16       2,546       2,698       2,286       1,959       1,839       2,010       1,783       2,195       2,809
Danaher Washington DC Dec15       2,599       2,543       2,591       2,181       1,799       1,718       1,152       1,318       1,214
Simon Property Group Indianapolis IN Dec15       2,139       1,622       1,367       1,563       1,246          754          387          600          675
Mondelez Intl Deerfield IL Dec15       7,291       2,201       2,332       1,606       1,764          677          838          147
US Bancorp Minneapolis MN Dec15       5,933       5,908       5,732       5,490       4,788       3,265       2,237       3,012       4,403
Colgate-Palmolive New York NY Dec15       1,548       2,339       2,410       2,631       2,554       2,313       2,397       2,037       1,804
Charter Communications St Louis MO Dec15        (271)        (183)        (169)        (304)        (369)        (237)     (1,729)     (2,451)     (1,534)
Broadcom Ltd Irvine CA Oct 15       1,391          309          552          563          552          415          (44)            57        (220)
Chubb Ltd (Was Ace Ltd) Philadelphia PA Dec15       2,834       2,853       3,758       2,706       1,540       3,085       2,523       1,182       2,578
Texas Instruments Dallas TX Dec15       2,986       2,821       2,162       1,759       2,236       3,228       1,470       1,920       2,641
Enterprise Products Partners LP Houston TX Dec15       2,558       2,834       2,607       2,428       2,088       1,384       1,140       1,145          838
Dow Chemical Midland MI Dec15       7,783       3,839       4,816       1,100       2,784       2,321          566          626       2,962
Goldman Sachs New York NY Dec15       6,083       8,477       8,040       7,475       4,442       8,354     13,385       2,322     11,599
Occidental Petroleum Houston TX Dec15     (8,146)        (130)       4,932       3,829       5,527       3,851       3,151       7,183       5,072
Abbott Laboratories Abbott Park IL Dec15       2,606       1,721       1,988          237          676          120


Dupont Wilmington DE Dec15       1,895       3,145       2,206       1,168       1,656                
Thermo Fisher Scientific Waltham MA Dec15       1,980       1,896       1,279       1,258       1,023          986          851          975          767
Time Warner New York NY Dec15       3,795       3,894       3,354       2,922       2,882       2,571       2,084     (5,090)       1,887
Priceline Group Norwalk CT Dec15       2,551       2,422       1,893       1,424       1,059          528          489          186          145
American Express New York NY Dec15       5,163       5,885       5,359       4,482       4,899       4,057       2,137       2,871       4,126
EMC Corp Hopkinton MA Dec15       2,172       2,894       3,093       2,886       2,609       1,970       1,122       1,320       1,614
American Intl Group New York NY Dec15       2,222       7,574       9,008       3,699     18,863     12,930   (11,770)   (97,634)       6,867
Salesforce.com San Francisco CA Jan16          (47)        (263)        (232)        (270)          (12)            70            85            48            23
BlackRock New York NY Dec15       3,352       3,264       2,951       2,440       2,339       2,050          897          629       1,357
Biogen Cambridge MA Dec15       3,593       2,942       1,862       1,380       1,267          899          977          790          580
Twenty-First Century Fox New York NY Jun15       8,373       3,785       6,820       3,176       2,296       2,164     (1,072)

ConocoPhillips Houston TX Dec15     (4,371)       5,807       8,037       7,481       7,188     10,305       3,737   (19,483)
PayPal Holdings San Jose CA Dec15       1,228          419          955          778          460          350


Phillips 66 Houston TX Dec15       4,280       4,091       3,682       4,083       4,737          710          460       2,665    
TJX Companies Framington MA Jan16       2,278       2,215       2,137       1,907       1,496       1,340       1,214          915          782
Morgan Stanley New York NY Dec15       6,295       3,681       3,656          757       4,696       5,477       1,193       1,158       2,200
Ford Motor Dearborn MI Dec15       7,371       1,230     11,946       1,916     16,894                
Kimberly-Clark Dallas TX Dec15       1,066       1,545       2,018       1,627       1,684       1,943       1,994       1,829       1,951
Adobe Systems San Jose CA Nov15          630          268          290          833          833          775          387          872          724
EOG Resources Houston TX Dec15     (4,524)       2,915       2,197          570       1,091          161          547       2,437       1,090
American Tower Boston MA Dec15          672          803          482          594          382          374          239          236            93
Express Scripts St. Louis MO Dec15       2,500       2,035       1,926       1,362       1,279       1,205          827          776          598
Monsanto St Louis MO Aug15       2,297       2,749       2,514       2,087       1,657       1,111       2,105       2,027          925
Stryker Kalamazoo MI Dec15       1,439          515       1,006       1,298       1,345       1,273       1,107       1,148          987
Public Storage Glendale CA Dec15       1,318       1,150       1,058          930          833          688          798          982          489
MetLife New York NY Dec15       5,322       6,339       3,391       1,314       6,391       2,619     (2,319)       3,479       4,105
Caterpillar Peoria IL Dec15       2,113       3,711       3,803       5,722       4,981       2,758          827       3,585       3,578
General Motors Detroit MI Dec15       9,615       4,018       5,331       6,136       9,287       6,503   (22,938)   (31,051)   (42,685)
Aetna Hartford CT Dec15       2,395       2,045       1,912       1,660       1,986       1,767       1,277       1,384       1,831
McKesson San Francisco CA Mar16       2,342       1,842       1,414       1,363       1,394       1,097       1,205          823          989
Kinder Morgan Inc Houston TX Dec15          208       2,443       2,696       1,204          449            64          523     (2,860)          145
Bank New York Mellon New York NY Dec15       3,222       2,651       2,185       2,515       2,569       2,647        (813)       1,455       2,228
General Dynamics Falls Church VA Dec15       2,965       2,673       2,486        (381)       2,552       2,628       2,407       2,478       2,080
Automatic Data Processing Roseland NJ Jun15       1,377       1,243       1,122       1,380       1,245       1,207       1,325       1,156       1,021
Target Corp Minneapolis MN Jan16       3,321       2,449       2,694       3,315       2,929       2,920       2,488       2,214       2,849
FedEx Memphis TN May16       1,820       1,050       2,324       2,716        (220)       1,289            
PNC Financial Services Group Pittsburgh PA Dec15       4,143       4,207       4,212       2,994       3,071       3,024       2,358          796       1,363
Netflix Los Gatos CA Dec15          123          267          112            17          226          161          116            83            67
General Mills Minneapolis MN May15       1,737       1,259       1,861       1,893       1,567       1,798       1,535       1,314       1,318
Halliburton Houston TX Dec15        (662)       3,437       2,116       2,587       3,010       1,802       1,164       2,638       2,540
Raytheon Waltham MA Dec15       2,054       2,193       1,949       1,901       1,878       1,844       1,977       1,698       1,719
Northrop Grumman Falls Church VA Dec15       1,990       2,069       1,952       1,978       2,086       1,904       1,573     (1,379)       1,751
Regeneron Pharmaceuticals Tarreytown NY Dec15          636          338          414          742        (224)        (104)          (68)          (79)        (107)
Illinois Tool Works Glenview IL Dec15       1,899       1,890       1,630       2,233       2,017       1,452          969       1,624       1,765
Becton Dickinson Franklin Lakes NJ Sep15          695       1,185          929       1,110       1,201       1,115       1,167       1,078          815
Yahoo! Sunnyvale CA Dec15     (4,351)       7,532       1,377       3,951       1,063       1,245          605          425          642
Marsh & McLennan New York NY Dec15       1,636       1,471       1,379       1,204          982          565          531          381          502
Travelers New York NY Dec15       3,439       3,692       3,673       2,473       1,426       3,216       3,622       2,924       4,601
Las Vegas Sands Las Vegas NV Dec15       2,386       3,588       2,955       1,882       1,883          782        (369)        (168)          117
Anthem Indianapolis IN Dec15       2,560       2,560       2,634       2,651       2,647       2,887       4,746       2,491       3,345
T-Mobile US Bellevue WA Dec15          733          247            35     (7,336)          301          193          177          149          100
Cognizant Technology Solutions Teaneck NJ Dec15       1,624       1,439       1,229       1,051          884          734          535          431          350
Ecolab St Paul MN Dec15       1,017       1,222          974          701          463          531          419          448          429
Yum! Brands Louisville KY Dec15       1,298       1,021       1,064       1,608       1,335       1,178       1,083          972          909
Kroger Cincinnati OH Jan16       2,049       1,747       1,531       1,508          596       1,133            57       1,250       1,224
Charles Schwab San Francisco CA Dec15       1,447       1,321       1,071          928          864          454          787       1,230       1,120
Cigna Bloomfield CT Dec15       2,077       2,094       1,478       1,624       1,261       1,283       1,304          290       1,123
Crown Castle Intl Houston TX Dec15       1,524          399            94          201          171        (311)        (114)          (49)        (223)
Estee Lauder New York NY Jun15       1,093       1,209       1,024          861          704          482          227          484          456
Carnival Corp Miami FL Nov15       1,757       1,216       1,055       1,285       1,912       1,978       1,790       2,324       2,408
CME Group Chicago IL Dec15       1,247       1,127          978          907       1,814          952          826          716          659
Emerson Electric St Louis MO Sep15       2,733       2,184       2,066       2,024       2,504       2,031       1,762       2,520       2,129
Constellation Brands Victor NY Feb16       1,061          836       1,943          388          445          560            99        (301)        (613)
Capital One Financial McLean VA Dec15       4,012       4,423       4,354       3,709       3,253       3,050          987            85       2,592
Monster Beverage Corona CA Dec15          547          483          339          340          286          212          209          108          149
LyondellBasell Houston TX Dec15       4,479       4,172       3,860       2,858       2,140       1,380     (2,871)     (7,343)          661
Praxair Danbury CT Dec15       1,591       1,746       1,836       1,744       1,722       1,234       1,297       1,256       1,220
Prudential Financial Newark NJ Dec15       5,712       1,426        (567)          555       3,603       2,979       3,129     (1,156)       3,709
Boston Scientific Corp Marlborough MA Dec15        (239)        (119)        (121)     (4,068)          441     (1,065)     (1,025)     (2,036)        (495)
Baxalta Bannockburn IL Dec15          928       1,186       1,288       1,205       1,344



Tesla Motors Palo Alto CA Dec15        (889)        (294)          (74)        (396)        (254)        (154)          (56)          (83)          (78)
Intercontinental Exchange Atlanta GA Dec15       1,295       1,005          320          562          522          407          314          301          241
HCA Holdings Nashville TN Dec15       2,696       2,373       1,996       2,006       2,842       1,573       1,375          902       1,082
Air Products & Chemicals Allentown PA Sep15       1,318          989       1,043       1,025       1,172          967          651       1,114       1,020
Thomson Reuters New York NY Dec15       1,311       1,959          175       2,040     (1,396)          844          844       1,320       1,096
The Blackstone Group LP New York NY Dec15       1,624       3,696       2,893          830        (268)        (607)     (2,391)     (5,594)       5,661
Activision Blizzard Santa Monica CA Dec15          892          835       1,010       1,149       1,085          418          113        (107)          227
Hewlett Packard Enterprise Palo Alto CA Oct15       2,461       1,648       2,051   (14,761)       4,119



AFLAC Columbus GA Dec15       2,533       2,951       3,158       2,866       1,964       2,344       1,497       1,254       1,634
Waste Management Houston TX Dec15          752       1,338          130          860       1,009       1,002       1,060       1,128       1,209
BB&T Corp Winston Salem NC Dec15       2,123       2,206       1,730       2,053       1,348          854          877       1,529       1,746
Delta Airlines Atlanta GA Dec15       4,526          659     10,540       1,009          854          593     (1,237)     (8,922)          397
Johnson Controls Milwaukee WI Sep15       1,551       1,509       1,094       1,225       1,532       1,382        (350)       1,003       1,307
S&P Global New York NY Dec15       1,268        (191)          874          701          858          848          753          819       1,027
Intuit Mountain View CA Jul15          413          853          807          730          639          539          447          447          439
Humana Louisville KY Dec15       1,276       1,147       1,231       1,222       1,419       1,099       1,040          647          834
Sysco Houston TX Jun15          687          932          992       1,122       1,152       1,180       1,056       1,106       1,001
Andarko Petroleum The Woodlands TX Dec15     (6,812)     (1,563)          941       2,445     (2,568)          821        (103)       3,220       3,767
PPG Industries Pittsburgh PA Dec15       1,426       1,157          973          680       1,095          769          336          538          856
Sherwin-Williams Cleveland OH Dec15       1,054          866          753          631          442          462          436          477          616
Welltower Inc Toledo OH Dec15          608          358            87          181          117            39          145          126            94
eBay Inc San Jose CA Dec15       1,947        (865)       2,067       1,931       2,776       1,801       2,389       1,779          348
General Growth Properties Chicago IL Dec15       1,394          398          329        (427)        (315)        (862)        (527)          (78)          295
Kellogg Battle Creek MI Dec15          614          633       1,808          961          864       1,280       1,208       1,146       1,102
Equinix Redwood City CA Dec15          188        (261)            96          130            92            36            69          108          (10)
O'Reilly Automotive Springfield MO Dec15          931          778          670          586          508          419          307          186          194
Dollar General Goodlettsville TN Jan16       1,165       1,065       1,025          953          767          628          339          108          (13)
Applied Materials Santa Clara CA Oct15       1,377       1,072          256          109       1,926          938        (305)          961       1,710
Prologis San Francisco CA Dec15          926          739          230        (106)        (275)     (1,605)        (372)        (379)          841
Allstate Northbrook IL Dec15       2,171       2,850       2,280       2,306          788          928          854     (1,679)       4,636
Alexion Phramaceuticals New Haven CT Dec15          144          657          253          255          175            97          295            33          (92)
Eaton Corp plc Cleveland OH Dec15       1,981       1,803       1,873       1,220       1,352          937          385       1,067          973
Spectra Energy Houston TX Dec15          460       1,283       1,159       1,045       1,257       1,123          919       1,195       1,002
Intuitive Surgical Sunnyvale CA Dec15          589          419          671          657          495          382          233          204          145
Pioneer Natural Resources Irving TX Dec15        (266)       1,041        (361)          544          380          514        (142)          145          162
Deere Moline IL Oct15       1,941       3,163       3,538       3,072       2,808       1,874          873       2,054       1,822
Cardinal Health Dublin OH Jun15       1,212       1,163          335       1,070          966          587          758          847          532
VFC Corp Greensboro NC Dec15       1,232       1,048       1,210       1,086          890          574          458          603          613
Norfolk Southern Norfolk VA Dec15       1,556       2,000       1,910       1,749       1,916       1,496       1,034       1,716       1,464
Equity Residential Chicago IL Dec15          908          657        (168)          160            84          (83)          (58)        (106)          (70)
NVIDIA Corp Santa Clara CA Jan16          614          631          440          563          581          253          (68)          (30)          798
Hershey Hershey PA Dec15          513          847          820          661          629          510          436          311          214
Baxter Intl Deerfield IL Dec15          393          457          315          663          434                
LinkedIn Mountain View CA Dec15        (165)          (15)            27            22            12              3            (4)            (5)              0
Archer Daniels Midland Decatur IL Dec15       1,846       2,253       1,354       1,242       2,018       1,919       1,688       1,786       2,162
Southwest Airlines Dallas TX Dec15       2,181       1,136          754          421          178          459            99          178          645
CSX Corp Jacksonville FL Dec15       1,968       1,927       1,864       1,863       1,822       1,563       1,128       1,485       1,236
Avalon Bay Communities Arlington VA Dec15          742          659            58          250          152            92            77            99          219
Tyson Foods Springdale AR Sep15       1,224          856          848          614          733          765        (550)            86          268
Valero Energy San Antonio TX Dec15       4,101       3,775       2,722       3,114       2,336       1,178        (273)     (1,154)       4,230
Ventas Chicago IL Dec15          407          376          374          202          323                
CBS Corp New York NY Dec15       1,403       1,354       1,738       1,508       1,291          724          227   (11,673)       1,231
Fidelity Natl Info Services Jacksonville FL Dec15          658          718          515          558          495          390          109          123          238
DISH Network Englewood CO Dec15          769          929          837          663       1,516          985          635          903          756
VMware Palo Alto CA Dec15          997          886       1,014          746          724          357          197          290          218
Newell Brands Atlanta GA Dec15          259          373          416          391          135          288          286          (50)          482
Fiserv Brookfield WI Dec15          712          754          650          592          491          506          473          358          412
Zimmer Biomet Holdings Warsaw IN Dec15          146          719          779          753          760          597          717          850          774
Zoetis Florham NJ Dec15          339          583          504          436          245          110        (100)

AutoZone Memphis TN Aug15       1,160       1,070       1,016          930          849          738          657          642          596
Weyerhauser Federal Way WA Dec15          506          828          491          312          319       1,274        (525)     (1,909)        (299)
Dollar Tree Chesapeake VA Jan16          282          599          597          619          488          397          321          230          201
Electronic Arts Redwood City CA Mar16       1,156          875              8            98            76        (276)        (677)     (1,088)        (454)
Ross Stores Dublin CA Jan16       1,021          925          837          787          657          555          443          305          261
Hilton Worldwide Holdings McLean VA Dec15       1,416          682          460          352          253          128        (532)     (5,663)    
Williams Partners LP Tulsa OK Dec15     (1,358)       1,284       1,119       1,291       1,604                
St Jude Medical St Paul MN Dec15          866          955          692          752          826          907          777          353          538
Molson Coors Brewing Denver CO Dec15          359          517          571          438          675          670          732          403          525
Mylan NV Canonsburg PA Dec15          848          933          627          643          539          346          248        (200)     (1,151)
Vertex Pharmaceuticals Boston MA Dec15        (588)        (742)        (504)            32          110        (755)        (642)        (460)        (391)
Synchrony Financial Stamford CT Dec15       2,214       2,109       1,979       2,119       1,890       1,269          401

Discover Financial Services Riverwoods IL Dec15       2,297       2,323       2,470       2,345       2,227          765       1,276       1,063          964
Apache Houston TX Dec15   (22,757)     (3,472)       1,980       1,987       4,584       3,032        (285)          712       2,812
Corning Corning NY Dec15       1,339       2,472       1,961       1,636       2,805       3,558       2,008       5,257       2,150
Paychex Rochester NY May16          757          675          628          569          548          515          477          534          576
Edwards Lifesciences Irvine CA Dec15          495          811          389          292          237          218          229          129          113
Marathon Petroleum Findlay OH Dec15       2,868       2,555       2,133       3,393       2,389          623          449       1,215       2,262
Energy Transfer Partners LP Dallas TX Dec15       1,521       1,235          713       1,754          740          623          792          866          939
HP Inc Palo Alto CA Oct15       3,718       2,924       2,460       1,770       2,650                
ConAgra Foods Chicago IL May15        (607)          174          698          397          715          625          530          582          448
Newmont Mining Greenwood Village CO Dec15          277          369     (2,856)       2,187       1,074       3,119       2,109       1,147        (580)
Southern Copper Phoenix AZ Dec15          741       1,338       1,624       1,941       2,344       1,563          935       1,414       2,227
State Street Corp Boston MA Dec15       1,980       2,022       2,050       2,047       1,907       1,556       1,803       1,811       1,261
SunTrust Banks Atlanta GA Dec15       1,943       1,785       1,361       1,984          660          206     (1,552)          807       1,647
Brown Forman Louisville KY Apr16       1,067          684          659          591          513          572          449          435          440
Cerner Corp Kansas City MO Dec15          539          525          398          397          307          237          193          189          127
Boston Properties Boston MA Dec15          424          358          704          285          312          186          263            97          357
Campbell Soup Camden NJ Jul15          691          726          680          724          802          844          732          671          792
Baker Hughes Houston TX Dec15     (1,974)       1,731       1,103       1,317       1,743          819          421       1,635       1,514
Franklin Resources San Mateo CA Sep15       2,105       2,412       2,171       1,916       1,821       1,451          904       1,588       1,773
TE Connectivity Ltd Berwyn  PA  Sep15       1,238       1,614       1,155       1,003       1,089       1,012     (3,146)       1,370        (227)
Illumina San Diego CA Dec15          457          353          125          151            87          125            72            39        (287)













Total all 236 Market Caps Above $20 Bil

  764,475   803,762   823,787   703,536   726,407   607,267   398,935   194,992   481,715
***Annual Earnings % Change vs Prior Year

-5% -2% 17% -3% 20% 52% 105% -60%













Market Caps $10-20 Bil











Hormel Foods Austin MN Oct15          687          606          530          505          479          400          346          289          302
Progressive Corp Mayfield Village OH Dec15       1,301       1,281       1,165          902       1,016       1,068       1,058          (70)       1,183
Hess Corp New York NY Dec15     (2,959)       1,692       4,036       1,808       1,676       2,138          807       2,357       1,953
Omnicom Group New York NY Dec15       1,203       1,233       1,112       1,118       1,060          924          871       1,114       1,087
Cummins Columbus IN Dec15       1,470       1,736       1,588       1,738       1,946       1,140          484          818          788
Sirius XM Holdings New York NY Dec15          510          493          377       3,473          427            43        (352)     (5,317)        (565)
L Brands Columbus OH Jan16       1,253       1,042          903          753          850          805          448          216          696
Devon Energy Oklahoma City OK Dec15   (15,203)       1,691          (20)        (185)       2,134       2,333     (2,753)     (3,039)       2,485
M&T Bank Buffalo NY Dec15       1,080       1,066       1,138       1,029          859          736          380          556          654
Vornado Realty Trust New York NY Dec15          807          423            (3)          384          450          653            77          238          540
Level 3 Communications Broomfield CO Dec15       3,433          314        (109)        (422)        (827)        (621)        (618)        (318)     (1,146)
Liberty Global Englewood CO Dec15     (1,050)        (981)        (882)        (584)        (802)        (977)        (255)        (694)        (443)
Nielsen Holdings New York NY Dec15          575          381          431          242            85          154        (428)        (314)        (364)
Moody's New York NY Dec15          950       1,006          816          700          578          513          407          462          707
Dr Pepper Snapple Group Plano TX Dec15          764          703          624          629          606          528          555        (312)          497
Sprint Overland Park KS Mar16     (1,995)     (3,345)     (1,860)     (4,353)     (2,890)     (3,465)     (2,436)     (2,796)   (29,444)
Realty Income Corp San Diego CA Dec15          285          269          181          142          141          112          119          108          120
PACCAR Bellevue WA Dec15       1,604       1,359       1,171       1,112       1,042          458          112       1,018       1,227
Clorox Oakland CA Jun15          606          579          573          543          287          526          472          382          420
Tyco Intl plc Princeton NJ Sep15          615          798          443        (413)       1,567       1,132     (1,841)       1,063     (2,520)
Republic Services Phoenix AZ Dec15          750          548          589          572          589          508          497            74          290
International Paper Memphis TN Dec15          917          549       1,687          722       1,287          712          681     (1,266)       1,239
JM Smucker Orrville OH Apr16          689          345          565          544          460          480          494          266          170
Amphenol Wallingford CT Dec15          772          715          639          560          529          502          327          430          364
Hartford Financial Services Group Hartford CT Dec15       1,673       1,349       1,225          220          256       1,642        (710)     (2,774)       2,917
T. Rowe Price Group Baltimore MD Dec15       1,223       1,230       1,048          884          773          672          434          491          671
AmerisourceBergen Chesterbrook PA Sep15        (135)          284          493          761          696          630          512          469          475
Liberty Interactive Group Englewood CO Dec15          911          578          554          605          586          824          (37)        (223)          703
Marriott Intl Bethesda MD Dec15          859          753          626          571          198          458        (353)          344          696
American Airlines Group Fort Worth TX Dec15       7,610       2,882          821          332     (1,861)        (471)     (1,468)     (2,118)          456
Roper Technologies Sarasota FL Dec15          696          646          538          483          427          323          239          282          246
Mead Johnson Nutrition Evansville IN Dec15          655          729          689          588          519          458          411          401          430
CR Bard Murray Hill NJ Dec15          135          295          690          530          328          510          461          419          409
Analog Devices Norwood MA Oct15          697          629          673          651          861          711          247          525          502
Stanley Black & Decker New Britain CT Dec15          902          858          519          457          691          202          229          221          323
Delphi Automotive PLC Troy MI Dec15       1,261       1,380       1,241       1,095       1,096          703        (822)     (1,984)     (1,692)
Coca Cola European Partners (US) Atlanta GA Dec15          596          663          667          677          749          624          576          514          524
Willis Towers Watson plc Arlington VA Dec15          384          373          377        (433)          219          470          457          323          426
Magellan Midstream Partners LP Tulsa OK Dec15          819          840          582          436          414          312          226          330          231
Ingersoll-Rand plc Davidson NC Dec15          707          916          641          792          426          783          510     (2,508)          747
UnderArmour Baltimore MD Dec15          233          208          162          129            97            68            47            38            53
Continental Resources Oklahoma City OK Dec15        (354)          977          764          739          429          168            71          321            29
Viacom New York NY Sep15       2,002       2,464       2,449       2,385       2,183       1,876       1,655       1,274       1,625
HCP Inc Irvine CA Dec15        (546)          907          911          801          550          321          103          228          136
Nucor Corp Charlotte NC Dec15          496          816          586          593          861          206        (237)       2,145       1,765
Centurylink Monroe LA Dec15          878          772        (239)          777          573          948          513          367          420
Expedia Bellevue WA Dec15          723          373          216          303          326          305          218     (2,521)          294
Vulcan Materials Birmingham AL Dec15          233          207            21          (54)          (75)        (103)            19              3          463
Digital Realty Trust San Francisco CA Dec15          302          203          320          216          162          105            91            68            23
DaVita Health Partners Denver CO Dec15          427          863          744          641          591          482          480          421          429
Williams Companies Tulsa OK Dec15     (1,314)       2,335          679          929       1,078          271          346          682          677
Equifax Atlanta GA Dec15          435          374          342          275          240          243          224          255          279
Genuine Parts Atlanta GA Dec15          706          711          685          648          565          476          400          475          506
Rockwell Automation Milwaukee WI Sep15          828          827          756          737          697          440          218          578          569
Concho Resources Midland TX Dec15            66          538          239          408          420          147          (13)          271            20
Incyte Corp Wilmington DE Dec15              7          (48)          (83)          (44)        (187)          (32)        (212)        (179)          (87)
Publix Super Markets Lakeland FL Dec15       1,965       1,735       1,654       1,552       1,492       1,338       1,161       1,090       1,184
Noble Energy Houston TX Dec15     (2,441)       1,214          907          965          412          631        (131)       1,350          944
SanDisk Milpitas CA Dec15          388       1,007       1,043          417          987       1,300          415     (1,987)          196
Parker Hannifin Cleveland OH Jun15       1,013       1,041          949       1,155       1,057          556          510          958          830
Ulta Salon Cosmetics & Frafrances Bolingbrook IL Dec15          320          257          203          173          120            71            39            25            25
Essex Property Trust Palo Alto CA Dec15          248          134          141          128            50            50            44            81            57
Ameriprise Financial Minneapolis MN Dec15       1,687       2,002       1,478          903       1,070       1,176          737          (90)          806
Workday Pleasanton CA Jan16        (290)        (248)        (173)        (119)          (80)          (56)          (50)          (51)          (25)
Royal Caribbean Cruises Miami FL Dec15          666          764          474            18          607          516          162          574          603
Agilent Technologies Santa Clara CA Oct15          438          232          225          353          252                
Freeport-McMoRan Phoenix AZ Dec15   (12,089)        (745)       3,441       3,980       5,747       5,544       3,534   (10,450)       3,433
DENTSPLY  Sirona York PA Dec15          251          323          318          318          247          267          274          283          260
Northern Trust Chicago IL Dec15          974          812          731          687          604          670          864          795          727
WW Grainger Lake Forest IL Dec15          785          812          808          699          666          514          431          475          420
Henry Schein Melville NY Dec15          523          505          471          423          405          352          330          269          250
TD Ameritrade Omaha NE Sep15          813          787          675          586          638          592          644          804          646
Hertz Global Holdings Estero FL Dec15          273          (82)          302          184          167          (36)        (115)     (1,168)          276
Loews New York NY Dec15          287       1,353       1,621       1,509       1,696       2,007       1,385          580       2,199
Mohawk Industries Calhoun GA Dec15          617          532          367          251          178          190            (1)     (1,453)          714
Interactive Brokers Group Greenwich CT Dec15          415          459          418          497          687          277          484       1,122          869
Energy Transfer Equity LP Dallas TX Dec15       1,093       1,060          282       1,383          531          345          692          675          552
TransDigm Group Cleveland OH Sep15          447          307          303          325          152          163          163          133            89
United Continental Chicago IL Dec15       7,340       1,132          571        (723)          840          253        (651)     (5,396)          360
SBA Communications Boca Raton FL Dec15        (176)          (24)          (56)        (184)        (127)        (194)        (141)          (67)          (91)
McCormick & Co Sparks MD Nov15          402          438          389          408          374          370          300          256          230
Check Point Software San Carlos CA Dec15          686          660          653          620          544          453          358          324          281
Spectra Energy Partners LP Houston TX Dec15       1,265       1,027       1,086          595          585          522          475          101          203
Biomarin Pharmaceutical Novato CA Dec15        (172)        (134)        (176)        (114)          (54)          206            (0)            31          (16)
EQT Corp Pittsburgh PA Dec15          322          510          346          149          480          228          157          256          257
CA Inc New York NY Mar16          769          810          887          921          938          823          759          661          479
Keurig Green Mountain Waterbury VT Sep15          499          597          484          364          201            80            54            22            13
Verisk Analytics Jersey City NJ Dec15          508          371          342          317          283          243          127          158          155
Laboratory Corp of America Burlington NC Dec15          438          513          575          585          533          572          556          478          477
Lam Research Fremont CA Jun15          656          632          114          169          724          347        (302)          439          686
Church & Dwight Ewing NJ Dec15          410          414          394          350          310          271          244          195          169
Airgas Inc Radnor PA Mar16          338          368          351          341          313          250          196          261          227
Markel Corp Glen Allen VA Dec15          589          324          284          258          148          268          202          (58)          406
Fastenal Winona MN Dec15          516          494          449          421          358          265          184          280          233
Kimco Realty New Hyde Park NY Dec15          894          375          277          173          100            65            (2)          218          344
National Oilwell Varco Houston TX Dec15        (767)       2,455       2,181       2,375       1,985       1,659       1,473       1,968       1,353
Fifth Third Bancorp Cincinnati OH Dec15       1,706       1,483       1,826       1,574       1,298          753          737     (2,113)       1,076
FleetCor Technologies Norcross GA Dec15          362          369          285          216          147          108            89            97            62
Jarden Corp Boca Raton FL Dec15          147          243          204          244          205          107          129          (59)            28
Marathon Oil Corp Houston TX Dec15     (2,204)          969          931          856          467          325          756       2,192       1,699
Universal Health Services King of Prussia PA Dec15          751          605          554          489          449          276          304          234          214
Perrigo Allegan MI Jun 15          128          205          442          393          341          224          141          140            73
Red Hat Raleigh NC Feb16          199          180          178          150          147          107            87            79            77
Starwood Hotels & Resorts Stamford CT Dec15          489          643          565          470          500          308            (3)          249          533
Whirlpool Benton Harbor MI Dec15          822          692          849          425          408          650          354          447          669
Macerich Santa Monica CA Dec15          523       1,607          159          303          244            39          175            87            80
MGM Resorts Las Vegas NV Dec15     (1,039)          127            41     (1,617)       3,235     (1,437)     (1,292)        (855)       1,401
Liberty Media Corp Englewood CO Dec15            64          178       8,780       1,160          594          825          340     (1,552)       1,483
Alcoa New York NY Dec15        (197)          177     (2,244)          162          808          400        (924)          450       3,179
Waste Connections Woodlands TX Dec15          (96)          233          196          160          166          136          111          115          111
Cincinnati Financial Fairfield OH Dec15          634          525          517          421          164          375          432          429          855
Citrix Systems Ft Lauderdale FL Dec15          319          252          340          353          356          276          191          178          214
Tractor Supply Co Brentwood TN Dec15          410          371          328          276          223          168          120          108            96
Symantec Mountain View CA Mar16        (821)          109            91        (138)          123                
Cameron Intl Corp Houston TX Dec15          137          822          659          685          465          516          476          581          488
Martin Marietta Materials Raleigh NC Dec15          289          154          120            87            80            99            88          175          261
Host Hotels & Resorts Bethesda MD Dec15          571          747          210            (8)          (10)        (127)        (197)          383          532
Twitter San Francisco CA Dec15        (521)        (578)        (645)          (79)        (128)          (67)    

Centene Corp St Louis MO Dec15          358          261          162            76          117            98            89            84            41
Autodesk San Rafael CA Jan16        (331)            82          229          247          285          212            58          184          356
Cabot Oil & Gas Houston TX Dec15        (114)          104          280          132          122          103          148          211          167
Principal Financial Group Des Moines IA Dec15       1,253       1,176          936          825          689          681          646          466          864
Advance Auto Parts Roanoke VA Dec15          473          494          392          388          395          346          270          238          238
Waters Corp Milford MA Dec15          469          432          450          461          433          382          323          322          268
D.R. Horton Fort Worth TX Sep15          751          534          463          956            72          245        (550)     (2,634)        (713)
Federal Realty Investment Trust Rockville MD Dec15          190          168          138          143          132          126          102          121            99
Micron Technology Boise ID Aug15       2,899       3,079       1,194     (1,031)          190       1,900     (1,993)     (1,665)        (209)
Skyworks Solutions Woburn MA Sep15          798          458          278          202          227          137            95          111            58
Motorola Solutions Schaumburg Dec Dec15          643        (696)          939          670          741          261          445     (3,490)          360
Xilinx San Jose CA Mar16          551          648          630          488          530          642          357          362          369
Alliance Data Systems Plano TX Dec15          605          516          496          422          315          196          177          233          214
Quest Diagnostics Madison NJ Dec15          753          587          848          666          494          745          767          664          580
Coach Inc New York NY Jun15          402          781       1,034       1,039          881          735          623          783          637
Oneok Partners LP Tulsa OK Dec15          598          911          804          888          831          473          435          626          408
L-3 Communications Holdings New York NY Dec15          297          645          716          720          803          824          911          949          754
Extra Space Storage Salt Lake City UT Dec15          210          196          186          128            58            33            39            43            35
Cimarex Energy Denver CO Dec15     (2,409)          507          565          354          530          575        (312)        (915)          345
Chipotle Mexican Grill Denver CO Dec15          476          445          327          278          215          179          127            78            71
Linear Technology Milpitas CA Jun15          521          460          407          398          581          361          289          367          409
KLA-Tencor Milpitas CA Jun15          366          583          543          756          794          212        (523)          359          528
Rockwell Collins Cedar Rapids IA Sep15          694          618          630          589          615          557          561          594          678
MPLX LP Findlay OH Dec15          157          178          146          144          134          103          122          124
Global Payments Inc Atlanta GA May15          309          270          239          218          229          223          207          161          143
Vantiv Symmes Township OH Dec15          209          169          208          111            85            55            89          153          141
Microchip Technology Chandler AZ Mar16          324          365          395          127          337          429          217          246          297
Acuity Brands Atlanta GA Aug15          222          176          127          116          106            79            85          149          129
Ametek Berwyn PA Dec15          591          584          517          459          384          284          206          247          228
Dover Corp Downers Grove IL Dec15          596          778          798          650          773          619          372          695          670
Plains All America Pipeline LP Houston TX Dec15          906       1,386       1,391       1,127          994          514          580          437          365
Invesco Ltd Atlanta GA Dec15          964       1,005          918          569          622          637          209          421          887
Cintas Corp Cincinnati OH May15          408          374          317          298          247          216          226          335          335
Mattel El Segundo CA Dec15          369          499          904          776          769          685          529          380          600
CH Robinson Worldwide Eden Prairie MN Dec15          510          450          416          594          432          387          361          359          324
Palo Alto Networks Santa Clara CA Jul15        (165)        (226)          (29)              1          (13)          (21)          (19)          (16)          (10)
SL Green Realty New York NY Dec15          303          364          111          171          625          277            73            45          152
ServiceNow Santa Clara CA Dec15        (198)        (179)          (74)          (37)            10          (30)            (6)            (6)            (4)
Nasdaq Inc New York NY Dec15          427          413          384          349          383          389          263          315          518
Whole Foods Market Austin TX Sep15          536          579          551          466          343          246          147          115          183
Regions Financial Birmingham AL Dec15       1,075       1,134       1,104       1,180          172        (468)     (1,031)     (5,585)       1,393
Western Digital Irvine CA Jun15       1,465       1,617          980       1,612          726       1,382          470          867          564
Citizens Financial Group Providence RI Dec15          840          865     (3,426)          643          506            11        (740)        
Pentair PLC Golden Valley MN Dec15          (65)          607          518          (79)            (3)          190          116          259          212
Hasbro Pawtucket RI Dec15          447          413          284          336          385          398          375          307          333
Masco Corp Taylor MI Dec15          396          868          300          (18)        (423)        (981)        (102)        (327)          539
Harris Corp Melbourne FL Jun15          334          539          462          556          599          562          312          454          347
Macy's Cincinnati OH Jan16       1,070       1,526       1,486       1,335       1,256          847          329     (4,775)          909
Fidelity National Financial Jacksonville FL Dec15          561          512          395          514          290          358          226        (173)          136
Maxim Integrated Products San Jose CA Jun15          206          355          452          355          489          125            10          318          286
Annaly Capital Management New York NY Dec15          466        (842)       3,730       1,736          344       1,267       1,961          346          415
Ball Corp Broomfield CO Dec15          303          498          435          422          469          549          391          315          282
Intl Flavors & Fragrances New York NY Dec15          419          415          354          254          267          264          196          230          247
Textron Providence RI Dec15          698          605          498          581          242            92          (73)          324          866
Columbia Pipeline Group Inc Houston TX Dec15          308          269          272          226          201          210          194        
Best Buy Richfield MN Jan16          807       1,246          695        (259)       1,368       1,410       1,409       1,150       1,426
Eastman Chemical Kingsport TN Dec15          854          755       1,172          443          607          418          154          345          321
WestRock Norcross GA Sep15          507          480          727          249          141          226          222            82            82
Harley-Davidson Milwaukee WI Dec15          752          845          734          624          548          260            71          684          934
Total System Services Columbus GA Dec15          368          281          255          249          223          209          226          253          237
Cheniere Energy Partners LP Houston TX Dec15        (319)        (410)        (258)        (175)          (31)          108          187          (78)          (49)
ONEOK Tulsa OK Dec15          385          669          589          678          645          350          484          595          493













Total all 180 With Market Caps $10-20 Bil

    67,550   110,192   107,529     87,041     90,470     75,685     34,094   (12,248)     50,945
***Annual Earnings % Change vs Prior Year

-39% 2% 24% -4% 20% 122% 378% -124%













***Total all 175 With 2008 Earnings Available

    66,992





  (12,248)
***Total all 174 With 2007 Earnings Available

    67,149






    50,945


























Total all 416 With Market Caps Above $10 Bil

  832,025   913,954   931,316   790,577   816,877   682,952   433,029   182,744   532,660
***Annual Earnings % Change vs Prior Year

-9% -2% 18% -3% 20% 58% 137% -66%













***Total all 394 With 2008 Earnings Available

  800,259





  182,744
***Total all 390 With 2007 Earnings Available

  786,656






  532,660
………. 2015 Earnings % Above 2008

338%







………. 2015 Earnings % Above 2007

48%
















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