Wednesday, October 26, 2016

The 86 Georgia Companies With Market Caps Above $100 Mil Generated Total Audited US GAAP Earnings in 2015 of $38.986 Bil, Up 18% From 2014 Total Audited Earnings of $33.004 Bil and an Increase of 4878% From Total Losses of $0.816 Bil in 2008, the Year Before President Obama Took Office..... The Total Audited Earnings For the Two Years 2014 and 2015 Combined Were An Earnings Improvement of $61.860 Bil From the Two Years 2008 and 2009 Combined

Given that the State of Georgia is classified as a Tossup in the US Presidential Race based on the average of recent political polls by the excellent Real Clear Politics, I think it might be helpful to research how Georgia 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 86 Companies headquartered in Georgia, 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.  Tradition Regulated Utilities were excluded.

Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of these 86 Georgia Companies with Stock Market Caps above $100 Mil for all years reported from 2007 through 2015 where the amounts were presented and in a consistent manner:

2015 2014 2013 2012 2011 2010 20009 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
Georgia Company City HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



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













Coca-Cola Atlanta GA Dec15     7,366     7,124     8,626     9,086     8,634   11,859     6,906     5,874     6,027
Home Depot Atlanta GA Jan16     7,009     6,345     5,385     4,535     3,883     3,338     2,620     2,312     4,210
United Parcel Service Atlanta GA Dec15     4,844     3,032     4,372        807     3,804     3,338     1,968        655        496
Delta Airlines Atlanta GA Dec15     4,526        659   10,540     1,009        854        593   (1,237)   (8,922)        397
AFLAC Columbus GA Dec15     2,533     2,951     3,158     2,866     1,964     2,344     1,497     1,254     1,634
SunTrust Banks Atlanta GA Dec15     1,943     1,785     1,361     1,984        660        206   (1,552)        807     1,647
HD Supply Holdings Atlanta GA Jan16     1,326        (42)      (252)   (1,145)      (607)      (634)      (481)   (1,148)        (70)
Intercontinental Exchange Atlanta GA Dec15     1,295     1,005        320        562        522        407        314        301        241
Invesco Ltd Atlanta GA Dec15        964     1,005        918        569        622        637        209        421        887
Genuine Parts Atlanta GA Dec15        706        711        685        648        565        476        400        475        506
Mohawk Industries Calhoun GA Dec15        617        532        367        251        178        190          (1)   (1,453)        714
Coca Cola European Partners (US) Atlanta GA Dec15        596        663        667        677        749        624        576        514        524
WestRock Norcross GA Sep15        507        480        727        249        141        226        222          82          82
PulteGroup Atlanta GA Dec15        494        474     2,620        206      (210)   (1,097)   (1,183)   (1,473)   (2,274)
Equifax Atlanta GA Dec15        435        374        342        275        240        243        224        255        279
AGL Resources Atlanta GA Dec15        373        580        308        274        186        250        249        237        241
Total System Services Columbus GA Dec15        368        281        255        249        223        209        226        253        237
FleetCor Technologies Norcross GA Dec15        362        369        285        216        147        108          89          97          62
Beazer Homes USA Inc Atlanta GA Sep15        347          35        (32)      (136)      (200)        (30)      (173)      (779)      (346)
Acuity Brands Atlanta GA Aug16        291        222        176        127        116        106          79          85        149
Global Payments Inc Atlanta GA May16        290        309        270        239        218        229        223        207        161
AGCO Corp Duluth GA Dec15        264        404        592        516        585        220        135        386        233
Newell Brands Atlanta GA Dec15        259        373        416        391        135        288        286        (50)        482
Carter's Inc Atlanta GA Dec15        238        195        160        161        114        146        116          78        (76)
Graphic Packaging Holding Co Atlanta GA Dec15        230          89        147        120        275          11          56        (99)        (49)
Synovus Financial Corp Columbus GA Dec15        226        195        159        830        (61)      (834)   (1,434)      (580)        338
Primerica Inc Duluth GA Dec15        190        180        159        173        158        231        495        168        594
Flower Foods Thomasville GA Dec15        189        176        231        136        123        137        134        122          98
Asbury Automotive Group Duluth GA Dec15        169        112        101          83          47          35          26      (325)          42
Rollins Inc Atlanta GA Dec15        152        138        123        111        101          90          84          69          65
Aaron's Inc Atlanta GA Dec15        136          78        121        173        114        118        113          86          73
Cousins Properties Atlanta GA Dec15        126          32        112          28      (132)        (33)          14          24          15
Ciner Resources LP Atlanta GA Dec15        106          92          71        101          87          49          53          78
Invesco Mortgage Capital Inc Atlanta GA Dec15        105      (231)        160        343        279        104          18          (0)
Manhattan Associates Atlanta GA Dec15        103          82          67          52          45          28          17          23          31
Schweitzer-Maudit Intl Inc Alpharetta GA Dec15          91          90          79        104          92          73          60          17          20
ARRIS Intl plc Suwanee GA Dec15          84        327        (49)          53        (18)          64          91      (130)          92
Post Properties Inc Atlanta GA Dec15          81        238          81          83          25          (8)        (96)        (96)        107
Ebix Inc  Johns Creek  GA Dec15          80          64          59          71          71          59          39          27          13
Interface Inc Atlanta GA Dec15          72          25          48          23          38          10          13        (35)          59
United Community Banks Blairsville GA Dec15          72          68        273          34      (227)      (504)      (229)        (64)          58
Neenah Paper Inc  Alpharetta  GA Dec15          61          68          49          40          29          25          (2)        (46)          32
Oxford Industries Atlanta GA Jan16          59          54          55          37          29          16            1      (278)          36
Saia Inc Johns Creek GA Dec15          55          52          44          32          11            2          (9)        (20)          17
Columbia Property Trust Inc Atlanta GA Dec15          45          95          26          21          32          26          42        (23)          (5)
Altisource Portfolio Solutions SA Atlanta GA Dec15          45        137        134        116          78          56          26            9            7
Popeyes Louisiana Kitchen Inc Atlanta GA Dec15          44          38          34          30          24          23          19          19          23
Ameris Bancorp  Moultrie  GA Dec15          41          39          20          14          21          (4)        (42)          (4)          15
Gray Television Inc Atlanta GA Dec15          39          48          18          28            9          23        (23)      (202)        (23)
Fidelity Southern Corp Atlanta GA Dec15          39          30          28          25          11          10          (4)        (12)            7
Mueller Water Products Inc Atlanta GA Sep15          31          56          35          (5)        (10)          (5)      (887)          53          48
SiteOne Landscape Supply  Roswell  GA Dec15          29          22          24          71          21          (9)


MiMedx Group Inc Marietta GA Dec15          29            6          (4)          (8)        (10)        (11)          (8)        (12)        (17)
State Bank Financial Corp Atlanta GA Dec15          28          31          13          23          43          46          18          (1)          (0)
Haverty Furniture Companies Inc Atlanta GA Dec15          28            9          32          15          15            8          (4)        (12)            2
Veritiv Corp Atlanta GA Dec15          27        (20)            0          14          36          48


Southeastern Bank Financial Corp Augusta GA Dec15          19          17          16          14          11            7          (8)            8          12
Citi Trends Savannah GA Jan16          16            9            0          (2)        (10)          21          20          17          14
Blue Bird Corp Fort Valley GA Sep15          15            3          54





Marine Products Corp Atlanta GA Dec15          14            9            8            7            7            4        (11)            8          16
Cotiviti Holdings Atlanta GA Dec15          13        (26)          24





GMS Inc Tucker GA Apr16          13        (12)      (220)      (183)          (8)          (7)


American Software Inc Atlanta GA Apr16          10            8          10          10          11            7            6            4            7
Examworks Group Atlanta GA Dec15            6          10        (10)        (15)          (8)          (6)          (4)          (2)          (0)
Charter Financial Corp West Point GA Sep15            6            6            6            5            2            6            2          11          51
Piedmont Office Realty Trust Inc Johns Creek GA Dec15            5          40          72          60          84        104          63        118          99
Cryolife Inc Kennesaw GA Dec15            4            7          16            8            7            4            9          32            7
PRGX Global Atlanta GA Dec15            2          (3)            2            6            7



Carmike Cinemas Inc Columbus GA Dec15          (0)          (9)            6          96          (8)        (12)        (15)        (41)      (124)
Atlantic Capital Bancshares Atlanta GA Dec15          (1)            8            5            6            2



Preferred Apartment Communities Atlanta GA Dec15          (2)            2          (4)          (0)          (8)          (1)


Agilysys Inc Alpharetta GA Mar16          (4)        (11)          (3)          (6)        (37)        (24)          (8)      (179)        (13)
BMC Stock Holdings  Atlanta  GA Dec15          (5)          94          22        (18)        (35)        (66)


Catchmark Timber Trust Atlanta GA Dec15          (8)            1        (13)          (9)        (12)        (16)        (20)        (53)        (17)
Clearside Biomedical Alpharetta GA Dec15        (18)        (10)          (7)          (4)




Numerex Corp Atlanta GA Dec15        (19)            2            2            7            2          (0)          (6)        (11)            0
EarthLink Holdings Corp Atlanta GA Dec15        (43)        (72)      (537)          10          37          82        287        187        (65)
Altisource Residential  Atlanta GA Dec15        (46)        189          40          (0)




Crawford & Co Atlanta GA Dec15        (46)          31          51        (50)          46          29      (115)          33          16
Cocrystal Pharma Inc Tucker GA Dec15        (50)          (0)          (4)          (8)          (5)          (0)


EndoChoice Holdings Alpharetta GA Dec15        (59)        (54)        (24)          (1)




Secureworks  Atlanta  GA Jan16        (72)        (38)        (45)        (42)




RPC Inc Atlanta GA Dec15      (100)        245        167        274        296        147        (23)          83          87
NCR Corp Duluth GA Dec15      (154)        181        452        475        (97)        277        183        
Halyard Health Alpharetta GA Dec15      (426)          27        155        153        142          88        162        
Axiall Corp Atlanta GA Dec15      (849)          64        150          79          51          43        131      (255)      (245)













Total all 86


  38,986   33,004   45,107   28,459   25,356   24,846   10,946      (816)   17,986
2005 Total Earning % Increase











….. Above 2014


18%







….. Above 2009


256%







….. Above 2008


4878%







….. Above 2007


117%




















Earnings Improvement:











….. 2015 vs 2008


  39,802







….. 2 Years 2014-5 vs 2008-9


  61,860







….. 3 Years 2013-15 vs 2008-10


  82,121














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