Friday, October 28, 2016

The 22 Iowa Companies With Market Caps Above $100 Mil Generated Total Audited US GAAP Earnings in 2015 of $2.979 Bil, An Earnings Improvement of $3.532 Bil or 639% From the Total Losses of $0.553 Bil in 2008, the Year Before President Obama Took Office..... The Total Audited Earnings For the Two Years 2014 and 2015 Combined Were $6.061 Bil, Up 1036% Fom Their Two Years 2008 and 2009 Combined of $0.585 Bil

Since Hillary Clinton is traveling today October 28, 2016, to both Des Moines, Iowa and Cedar Rapids, Iowa, I think it might be helpful to research how the Iowa Headquartered Companies have performed on the earnings front during the Obama Administration.

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 22 Companies headquartered in Iowa, all with Stock Market Capitalizations now of more than $100 Mil and which also have filed their fiscal year 2015 annual financial statements with the SEC.  Traditional Regulated Utilities were excluded.

Below here are the reported Audited Earnings (Losses) From Continuing Operations of each of these 22 Iowa Companies for all years reported from 2007 through 2015 where the amounts were presented and in a consistent manner:

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
ST 2015 Income Income Income Income Income Income Income Income Income
Iowa Company City HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils













Principal Financial Group Des Moines IA Dec15     1,253     1,176        936        825        689        681        646        466        864
Rockwell Collins Cedar Rapids IA Sep15        694        618        630        589        615        557        561        594        678
Casey's General Stores Ankeny IA Apr16        226        181        127        104        115          95        117          86          85
American Equity Investment Life Holding West Demoines IA Dec15        220        126        253          58          86          43          69          16          26
Fidelity & Guaranty Life Des Moines IA Sep15        118        163        348        344        190        172      (204)      (839)    
FBL Financial Group West Des Moines IA Dec15        113        110        108          83          52          81          50            1          67
HNI Corp Muscatine IA Dec15        105          61          63          48          46          30          (2)          51        123
United Fire Group Inc  Cedar Rapids  IA Dec15          89          59          76          40            0          48        (10)        (13)        111
Heartland Express Inc North Liberty IA Dec15          73          85          71          62          70          62          57          70          76
Heartland Financial USA Inc Dubuque IA Dec15          60          42          37          50          28          24            6          11          24
EMC Insurance Group Inc Des Moines IA Dec15          50          30          44          38          (3)          31          45          (2)          42
Winnebago Industries Inc Forrest City IA Aug15          41          45          32          45          12          10        (79)            3          42
Meredith Corp Des Moines IA Jun16          34        137        114        124        104        132        106      (101)        135
Hills Bancorporation Hills IA Dec15          28          27          26          27          27          23          16          14          16
MidWestOne Financial Group Inc Iowa City IA Dec15          25          19          19          17          13          10            4        (25)            7
Flexsteel Industries Inc Dubuque IA Jun16          24          22          15          13          13          10          11          (2)            4
Lee Enterprises Davenport IA Sep15          24            8        (76)        (13)      (145)          46      (180)      (871)          81
West Bancorporation Inc West Des Moines IA Dec15          22          20          17          16          15          13          (5)            7          18
Ames National Corp Ames IA Dec15          15          15          14          14          14          13            9            6          11
NewLink Genetics Corp Ames IA Dec15        (40)          96        (31)        (23)        (18)        (17)        (10)          (9)          (8)
Workiva Ames IA Dec15        (43)        (41)        (30)        (31)        (15)



Renewable Energy Group Inc Ames IA Dec15      (152)          83        186          22          89        (22)        (69)        (16)          32













Total all 22


    2,979     3,082     2,979     2,452     1,997     2,042     1,138      (553)     2,434













Earnings Improvement (Amount)











….. 2015 vs 2008


    3,532




















Earnings Improvement (%)











….. 2015 vs 2008


639%




















2 Year Earnings Improvement











….. 2 Year Earnings 2014-5


    6,061







….. 2 Year Earnings 2008-9


       585







………. % Increase


1036%











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