Friday, June 23, 2017

The Largest United Kingdom (UK) Companies Preparing Their Financial Statements in US$s Earnings Down the Tubes in 2015 and 2016 ....................................................................................... Total Two-Year Audited Earnings in 2015 and 2016 Combined Were Only US$30 Bil ...................................................................................... Total Two-Year Audited Earnings in 2013 and 2014 Combined Were US$150 Bil ....................................................................................... Total Two-Year Audited Earnings in 2011 and 2012 Combined Were US$224 Bil ....................................................................................... Total Two-Year Audited Earnings in 2009 and 2010 Combined Were US$156 Bil ....................................................................................... Total Two-Year Audited Earnings in 2007 and 2008 Combined Were US$212 Bil .......................................................................................

The largest UK Companies dominating the UK earnings landscape are the ones reporting their financial statements in US$s.

The 21 UK Companies with market caps above US$10 Bil and reporting their financial statements in US$s generated Total Audited Earnings of US$139 Bil in 2011.

On the other hand, the 24 UK Companies with market caps above British Pounds 10 Bil and reporting their financial statements in British Pounds generated Total Audited Earnings of British Pounds 36 Bil in 2011.

On the positive side, 2016 Total Earnings of these 21 UK Companies were up 163% from their severely-depressed 2015 Total Earnings.

From a review of company financial statements in the US SEC website and in company investor relations websites, along with a review of Google's fine financial website, below are the Audited Earnings (Losses) From Continuing Operations for each fiscal year (FYE) from 2007 through 2016 for each of the 21 UK Companies which had a stock market capitalization of more than US$10 Bil in mid 2016 and which also prepared their financial statements in US$s:


2016 2015 2014 2013 2012 2011 2010 2009 2008 2007


Most Audited Audited Audited Audited Audited Audited Audited Audited Audited Audited
UK Companies
Recent Net Net Net Net Net Net Net Net Net Net
Market Caps Above US$10 Bil 2016 Income Income Income Income Income Income Income Income Income Income
Reporting in US$s City HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)

mil US$s mil US$s mil US$s mil US$s mil US$s mil US$s mil US$s mil US$s mil US$s mil US$s
Filing With US SEC






   



Royal Dutch Shell PLC London Dec16       4,777         2,200     14,730     16,526     26,960     31,185     20,474     12,718     26,476     31,926
Rio Tinto Limited London Dec16       4,776        (1,719)       6,499       1,079     (3,020)       6,800     15,195       5,335       4,609       7,746
HSBC Holdings plc London Dec16       3,446       15,096     14,705     17,800     15,334     17,944     14,191       6,694       6,498     20,455
AstraZeneca plc London Dec16       3,406         2,826       1,235       2,571       6,270       9,950       8,050       7,544       6,130       5,627
Carnival plc Southhampton Nov16       2,779         1,757       1,216       1,055       1,285       1,912       1,978       1,790       2,324       2,408
Liberty Global plc Hammersmith Dec16       1,767        (1,050)        (981)        (882)        (584)        (802)        (977)        (255)        (694)
Aon plc London Dec16       1,430         1,422       1,431       1,148       1,020       1,006          759          681          637          675
Delphi Automotive plc Kent Dec16       1,218         1,261       1,380       1,241       1,095       1,096          703        (822)     (1,984)     (1,692)
Smith & Nephew London Dec16          784            410          501          556          721          575          609          472          377          316
Shire plc Hampshire Dec16          604         1,338       3,283       1,420          806          883          588          504          170     (1,452)
Nielsen Holdings plc Oxford Dec16          507            575          381          431          242            85          154        (428)        (314)        (364)
Mylan NV Hertfordshire Dec16          480            848          933          627          643          539          346          248        (200)          216
Pentair plc London Dec16          452            397          357          355          (21)            (3)          190          116          259          212
Willis Towers Watson plc London Dec16          438            384          373          377        (433)          219          470          455          323          426
BP plc London Dec16          172        (6,400)       4,003     23,758     11,251     25,609     (3,669)     16,759     21,666     21,169
CNH Industrial NV London Dec16        (249)            248          708          828          876          639        

BHP Billiton PLC London Jun16     (6,207)         4,390     14,955     14,132     16,617     23,946     13,009       6,338     15,962     13,416













Total all 17 Filing with SEC

    20,580       23,983     65,709     83,022     79,062   121,583     72,070     58,149     82,239   101,084













Not Filing With US SEC











Anglo American plc London Dec16       1,926        (5,842)     (1,524)          426        (564)       7,922       8,119       2,912       6,120       8,172
Experian plc Nottingham Mar17          812            764          751          753          288          724          550          609          494          430
Standard Chartered plc London Dec16        (191)        (2,196)       2,705       4,200       4,985       4,933       4,414       3,477       3,511       2,989
Glencore plc London Dec16     (1,187)        (8,370)       2,444     (7,942)       1,152       4,268       4,106       1,729       1,068       6,426













Total all 4 Not Filing with SEC
      1,360      (15,644)       4,376     (2,563)       5,861     17,847     17,189       8,727     11,193     18,017













Total all 21 Reporting in US$s
    21,940         8,339     70,085     80,459     84,923   139,430     89,259     66,876     93,432   119,101













2016 Total Earnings % Changes:










….. Above 2015

163%








….. Below 2014

-69%







….. Below 2013

-73%







….. Below 2012

-74%







….. Below 2011

-84%







….. Below 2010

-75%







….. Below 2009

-67%







….. Below 2008

-77%







….. Below 2007

-82%

























Down From











 2015-16 







Two-Year Total Earnings Amount:










….. 2015-16

    30,279
   






….. 2013-14

  150,544    (120,265)    






….. 2011-12

  224,353    (194,074)    






….. 2009-10

    156,135      (125,856)







….. 2007-08

    212,533      (182,254)











Thursday, June 22, 2017

In TrumpCare, Kentucky US Senator Mitch "Humana" McConnell Is Simply Doing What Humana Wants Done

Kentucky is Headquarters to 10 Companies with Stock Market Capitalizations above $1 Bil.

Here are the most recent first quarter 2017 and 2016 earnings for each of these 10 largest Kentucky Publicly-held Companies.





1Q 17 1Q 17







2017 2016







Quarter Quarter




Calendar US GAAP US GAAP Net Net



Most
1Q 17 Net Net Income Income
Kentucky Company  City State Recent
Month Income Income Better Better
Market Caps Above $1 Bil HQs HQs FYE
End (Loss) (Loss) (Worse) (Worse)





 $ mils  $ mils  $ mils %










Humana Louisville KY Dec16
Mar            1,115               254             861 339%










All But Humana








Yum! Brands Louisville KY Dec16
Mar               280               226               54 24%
Brown Forman Louisville KY Apr17
Apr               144               522            (378) -72%
Ashland Global Holdings Covington KY Dec16
Mar               102                 87               15 17%
Valvoline Lexington KY Sep16
Mar                 71                 68                 3 4%
Texas Roadhouse Inc Louisville KY Dec16
Mar                 36                 37                (1) -3%
Tempur Sealy Intl Lexington KY Dec16
Mar                 32                 39                (7) -18%
Papa John's Intl Inc Louisville KY Dec16
Mar                 30                 28                 2 7%
Stock Yards Bancorp Inc Louisville KY Dec16
Mar                 11                 10                 1 10%
Churchill Downs Louisville KY Dec16
Mar                   7                   3                 4 133%










Total all 9 But Humana




             713          1,020            (307) -30%










Total all 10




         1,828          1,274             554 43%

When you want to understand how Mitch McConnell legislates, you follow the money.

Mitch McConnell's Close Ties To Humana's Founder

Three of Top 5 Contributors To Mitch McConnell Are Health Care Companies

In McConnell's case, Louisville, Kentucky-based Health Insurer Humana generated most-recent First Quarter 2017 Earnings of $1.115 Bil, which was 61% of the First Quarter 2017 Total Earnings of Kentucky's 10 largest Companies.

Also, Humana's First Quarter 2017 Earnings increased by 339% over the First Quarter 2016.

How did Kentucky's other 9 largest Companies perform in the most recent First Quarter 2017?

Well, their Total Earnings Declined by 30%.  And all 9 of them are very fine Companies.  I have to wonder what McConnell is doing to help the earnings of these 9 Kentucky Companies?

In nearly his entire career in the US Congress, Health Insurer Humana has dominated McConnell's thinking, thus his richly earned "Humana" nickname.

Interestingly under the McConnell US Senate version of Trumpcare, the huge economic benefits received by Humana from the much higher Insurance Premium Revenues and by the massive Income Tax cuts effective January 1, 2017 (yeah, retroactively) that both Humana and their top executives would receive are paid for by the massive reduction in Medicaid health care benefits of Kentucky's many poor.  It's that simple.  Robin Hood in Reverse!