Saturday, July 22, 2017

Minnesota Largest Companies 2016 Total Audited Earnings Were $35.278 Bil, Up 5% From 2015 Total Earnings of $33.500 Bil Under Obama, Yellen, Dayton, Franken, Klobuchar and Ellison ....................................................................................... The Best Description of Minnesota Companies Long-Term Earnings: Almost Unbelievably Consistent

From a review of the Google Finance Website and of company financial statements in the US SEC Website, I found the 37 Companies headquartered in the US State of Minnesota 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 Companies were excluded.

Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of these 37 Minnesota 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
Minnesota 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














UnitedHealth Group Minnetonka MN Dec16     7,073     5,868     5,619     5,673     5,526     5,142     4,634      3,822      2,977      4,654
US Bancorp Minneapolis MN Dec16     5,944     5,933     5,908     5,732     5,490     4,788     3,265      2,237      3,012      4,403
3M St Paul MN Dec16     5,058     4,841     4,998     4,721     4,511     4,357     4,163      3,244      3,520      4,151
Medtronic plc Minneapolis MN Apr17     4,024     3,538     2,675     3,065     3,467     3,415     3,055      3,083      2,070      2,138
Target Corp Minneapolis MN Jan17     2,669     3,321     2,449     2,694     3,315     2,929     2,920      2,488      2,214      2,849
General Mills Minneapolis MN May17     1,701     1,737     1,259     1,861     1,893     1,567     1,798      1,535      1,314      1,318
Ameriprise Financial Minneapolis MN Dec16     1,314     1,687     2,002     1,478        903     1,070     1,176         737         (90)         806
Ecolab St Paul MN Dec16     1,247     1,017     1,222        974        701        463        531         419         448         429
Best Buy Richfield MN Jan17     1,207        807     1,246        695      (259)     1,368     1,410      1,409      1,150      1,426
Hormel Foods Austin MN Oct16        891        687        606        530        505        479        400         346         289         302
CH Robinson Worldwide Eden Prairie MN Dec16        513        510        450        416        594        432        387         361         359         324
Fastenal Winona MN Dec16        499        516        494        449        421        358        265         184         280         233
Pentair PLC Golden Valley MN Dec16        452        397        357        354        (21)          (3)        190         116         259         212
Valspar Corp Minneapolis MN Oct16        353        400        345        289        292      (139)        222         160         151         172
Mosaic Plymouth MN Dec16        301     1,002     1,030     1,892     1,931     2,514        832      2,357      2,092         424
Toro Co Bloomington MN Oct16        231        202        174        155        130        118          93           63         120         142
Deluxe Corp Shoreview MN Dec16        229        219        200        187        170        145        153           99         106         145
TCF Financial Corp Wayzata MN Dec16        222        206        182        158      (207)        114        154           87         129         267
Polaris Industries Medina MN Dec16        213        455        454        381        312        228        147         101         117         113
Donaldson Co Inc Minneapolis MN Jul16        191        208        260        247        264        225        166         132         172         151
Patterson Companies St Paul MN Apr17        174        186        180        171        165        163                
HB Fuller St Paul MN Nov16        124          88          50          96          68          80          64           84           19         101
OneBeacon Insurance Group Plymouth MN Dec16        109          38          55        147          98        105        150         377       (372)         245
BIO-TECHNE Corp Minneapolis MN Jun16        104        108        111        113        112        112        110         105         104           85
Buffalo Wild Wings Minneapolis MN Dec16          94          95          94          72          57          50          38           31           24           20
Apogee Enterprises Inc Minneapolis MN Feb17          86          65          51          28          19            5        (10)           32           51           49
G&K Services Inc Minnetonka MN Jun16          72          60          56          51          24          33          29         (73)           46           43
Select Comfort Corp Minneapolis MN Dec16          51          51          68          60          78          60          32           36         (70)           28
Tennant Company Minneapolis MN Dec15          47          32          51          40          42          33          35         (26)           11           40
Proto Labs Inc Maple Plain MN Dec16          43          47          42          35          24          18          11             4             7             6
Capella Education Minneapolis MN Dec16          42          44          42          42          42          52          61           43           29           23
Graco Inc Minneapolis MN Dec16          41        346        226        211        149        142        103           49         121         153
SUPERVALU Inc Eden Prairie MN Feb17          27          84          25        (94)      (418)        (97)      (193)         393    (2,855)         593
Tile Shop Holdings Inc Plymouth MN Dec15          18          16          11        (36)        (47)          31          30           23           23           18
SPS Commerce Minneapolis MN Dec16            6            5            3            1            1          14            3             1           (2)           (2)
Piper Jaffray Companies Minneapolis MN Dec16        (14)          58          74          55          50        (89)          22           30       (185)           25
Stratasys Ltd Eden Prairie MN Dec16        (78)   (1,374)      (119)        (27)            9          21            9             4           14














Total all 37


  35,278   33,500   32,950   32,916   30,411   30,303   26,455    24,093    17,654    26,086













2016 Total Earnings % Above:












….. 2015 Earnings


5%








….. 2014 Earnings


7%








….. 2013 Earnings


7%








….. 2012 Earnings


16%








….. 2011 Earnings


16%








….. 2010 Earnings


33%








….. 2009 Earnings


46%








….. 2008 Earnings


100%









Both Al Franken and Amy Klobuchar would make excellent US Presidential candidates in 2020.  I hope they both run.
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