Saturday, October 22, 2016

The 24 Nevada Companies With Market Caps Above $100 Mil Generated Total Audited US GAAP Earnings in 2015 of $7.556 Bil, An Earnings Improvement of $14.667 Bil From Their Total Losses of $7.111 Bil in 2008, the Year Before President Obama Took Office

Since President Obama is traveling to Las Vegas, Nevada tomorrow Sunday October 23, 2016, I think it might be helpful to research how Nevada 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 24 Companies headquartered in Nevada, 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.

The Total Audited US GAAP Earnings From Continuing Operations of these 24 Nevada Companies for 2015 were $7.556 Bil, an earnings improvement of an incredible $14.667 Bil from their Total Losses of $7.111 Bil in 2008, the year before President Obama took office.

Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of these 24 Nevada Companies with Stock Market Caps above $100 Mil for all years reported from 2007 through 2015 where the amounts were presented:



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 ST 2015 Income Income Income Income Income Income Income Income Income
Nevada Company HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



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













Las Vegas Sands Las Vegas NV Dec15     2,386     3,588     2,955     1,882     1,883        782      (369)      (168)        117
AMERCO Reno NV Mar16        489        357        342        265        205        184          66          13          68
PDL BioPharma Inc Incline Village NV Dec15        333        322        265        212        199          92        190        238        180
Wynn Resorts Ltd Las Vegas NV Dec15        282        963     1,004        729        825        317          39        210        196
Allegiant Travel Co Las Vegas NV Dec15        220          86          92          78          49          66          76          35          32
Diamond Resorts Intl Las Vegas NV Dec15        149          59          (3)          14          10        (19)        (21)        (89)    
Red Rock Resorts Las Vegas NV Dec15        143        131        (79)          33




Ormat Technologies Reno NV Dec15        123          55          37      (216)        (45)          31          65          46          27
Eldorado Resorts Inc Reno NV Dec15        114        (14)          19          (1)        (29)          (6)          (1)        (28)
Employers Holdings Inc Reno NV Dec15          94        101          64        107          49          63          83        102        120
Boyd Gaming Corp Las Vegas NV Dec15          47        (42)      (119)      (918)        (11)          12            4      (223)        121
Pinnacle Entertainment Las Vegas NV Dec15          42          38      (133)        (13)          29        (41)        (63)      (206)            7
Tropicana Entertainment Inc Las Vegas NV Dec15          37        253          22          21            1          11      (189)      (843)   (1,097)
Golden Entertainment Las Vegas NV Dec15          25        (25)          19            3          (2)        (14)            4        (78)          (9)
Monarch Casino & Resort Reno NV Dec15          21          14          18            9            6            8            5          10          24
VirnetX Holding Corp Zephyr Cove NV Dec15        (29)        (10)        (28)        (27)        (17)          41        (13)        (12)          (9)
Spectrum Pharmaceuticals Inc Henderson NV Dec15        (51)        (46)        (62)          94          50        (47)        (18)        (12)        (22)
Intl Game Technology PLC Las Vegas NV Dec15        (56)        100        233        265        206          45


Tahoe Resources Reno NV Dec15        (72)          91        (66)        (93)        (69)            8


Everi Holdings Inc Las Vegas NV Dec15      (105)          12          24          26            9          18          34          27          27
MGM Growth Properties LLC Las Vegas NV Dec15      (262)      (246)      (254)





MGM Resorts Intl Las Vegas NV Dec15   (1,039)        127          41   (1,617)     3,235   (1,437)   (1,292)      (855)     1,401
Scientific Games Corp Las Vegas NV Dec15   (1,394)      (234)        (26)        (44)          (6)      (144)        (40)          (4)          53













Total all 23 except Caesars


    1,497     5,680     4,365        809     6,577        (30)   (1,440)   (1,837)     1,236













Caesars Entertainment Las Vegas NV Dec15     6,059   (2,674)   (2,733)   (1,103)      (734)      (860)        790   (5,274)        542













Total all 24


    7,556     3,006     1,632      (294)     5,843      (890)      (650)   (7,111)     1,778