Tuesday, July 25, 2017

Nevada Largest Companies, Led By a Huge Profit Turnaround By MGM Resorts and Excluding Caesars Entertainment, 2016 Total Audited Earnings Were $4.831 Bil, Up an Off-the-Charts 365% From Their 2015 Total Audited Earnings of $1.038 Bil Under Obama, Yellen, Sandoval, Heller and Reid ..................................................................................... Caesars Entertainment Was Excluded Because Its Reported US GAAP Earnings in Both 2016 and 2015 Were Not Very Meaningful Since It Holds a Majority Interest in CEOC That is No Longer Consolidated Since CEOC Filed For Reorganization Under Chapter 11 of the US Bankruptcy Code in early 2015 Resulting in a Huge US GAAP Recorded Gain in 2015 Which Mostly Turned Around Into a Very Similar in Amount US GAAP Recorded Loss in 2016

From a review of the Google Finance Website and of company financial statements in the US SEC Website, I found the 16 Companies headquartered in the US State of Nevada 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 16 Nevada 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
Nevada 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














Las Vegas Sands Las Vegas NV Dec16       2,016     2,386     3,588     2,955     1,882     1,883        782       (369)      (168)         117
MGM Resorts Intl Las Vegas NV Dec16       1,237   (1,040)        127          41   (1,617)     3,235   (1,437)    (1,292)      (855)      1,401
AMERCO Reno NV Mar17          398        489        357        342        265        205        184           66          13           68
Wynn Resorts Ltd Las Vegas NV Dec16          302        282        963     1,004        729        825        317           39        210         196
Intl Game Technology PLC Las Vegas NV Dec16          264        (56)        100        233        265        206          45


Allegiant Travel Co Las Vegas NV Dec16          220        220          86          92          78          49          66           76          35           32
Boyd Gaming Corp Las Vegas NV Dec16          205          11        (51)        (64)      (917)        (11)          12             4      (223)         121
Red Rock Resorts Las Vegas NV Dec16          156        143        131        (79)          33




Tahoe Resources Reno NV Dec16          118        (72)          91        (66)        (93)        (69)            8


Employers Holdings Inc Reno NV Dec16          107          94        101          64        107          49          63           83        102         120
Ormat Technologies Reno NV Dec16          102        123          55          37      (216)        (45)          31           65          46           27
MGM Growth Properties LLC Las Vegas NV Dec16            35      (262)      (246)      (254)





Eldorado Resorts Inc Reno NV Dec16            25        114        (14)          19          (1)        (29)          (6)           (1)        (28)
Scientific Games Corp Las Vegas NV Dec16        (354)   (1,394)      (234)        (26)        (44)          (6)      (144)         (40)          (4)           53














Total of all 15


      4,831     1,038     5,054     4,298        471     6,292        (79)    (1,369)      (872)      2,135
..2016 Total Earnings % Above 2015


365%






















Caesars Entertainment Las Vegas NV Dec16     (6,127)     5,897   (2,723)   (2,748)   (1,150)      (734)      (860)         790   (5,274)         542

Brian Sandoval would be an excellent candidate for US President in 2020.  I hope he runs.