Wednesday, July 19, 2017

Kentucky Largest Companies 2016 Total Audited US GAAP Earnings Decrease Sharply By 22% From 2015 Under Kentucky US Senators Mitch McConnell and Rand Paul

From a review of the Google Finance Website and of company financial statements in the US SEC Website, I found 11 Companies headquartered in the US State of Kentucky with Stock Market Capitalizations either very late in 2016 or very early in 2017 of more than $1 Bil and which also have filed their fiscal year 2016 annual financial statements with the SEC.  Traditional Highly Regulated Utilities were excluded.
 
Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of these 11 Kentucky Companies for all of the fiscal years from 2007 through 2016 where the earnings numbers were reported and also where they were prepared in a fairly consistent manner with those in the most recent years:




2016 2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net Net
Kentucky Companies City State 2016 Income Income Income Income Income Income Income Income Income Income
Market Caps Above $1 Bil HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



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














Yum! Brands Louisville KY Dec16        994        936     1,006        922        884                    
Brown Forman Louisville KY Apr17        669     1,067        684        659        591        513        572        449        435          440
Humana Louisville KY Dec16        614     1,276     1,147     1,231     1,222     1,419     1,099     1,040        647          834
Valvoline Lexington KY Sep16        273        196        173        246        114




Tempur Sealy Intl Lexington KY Dec16        197          75        110          79        107        220        157          85          59          141
Texas Roadhouse Inc Louisville KY Dec16        121        101          91          84          74          66          61          49          39            40
Papa John's Intl Inc Louisville KY Dec16        109          82          78          73          66          58          56          61          39            34
Churchill Downs Louisville KY Dec16        108          65          46          55          58          61          20          18          29            17
Stock Yards Bancorp Inc Louisville KY Dec16          41          37          35          27          26          24          23          16          22            24
Ashland Global Holdings Covington KY Sep16            3        191          72        553          14            3            7      (240)          87          257
General Cable Corp Highland Heights KY Dec16        (94)      (136)      (643)        (10)          10          54          77          65        188          198














Total all 11


    3,035     3,890     2,799     3,919     3,166     2,418     2,072     1,543     1,545       1,985













2016 Total Earnings % Below 2015

-22%