Wednesday, August 2, 2017

Wyoming Has Only One Company With a Market Cap Above $100 Mil, a Coal Company With a Stock Market Cap of $252 Mil ....................................................................................... Its Earnings Improved From a Loss in 2015 of $205 Mil to a Profit in 2016 of $20 Mil ....................................................................................... But When You Analyze These Numbers, You Quickly Realize How Much Wyoming's Economy is Suffering ....................................................................................... This Coal Company's Total Revenues Were $783 Mil in 2005 and Consistently Had Very Nice Annual Total Revenues Increases Until These Total Revenues Peaked in 2011 at $1.554 Bil ....................................................................................... Since 2011, Its Total Revenues Have Been on the Decline With These Declines Accelerating in the Two Most Recent Years with 2014 Total Revenues at $1.324 Bil, 2015 at $1.124 Bil (Down 15% From 2014) and 2016 at $0.800 Bil (Down a Depressing 29% From 2015) ....................................................................................... With All of This Bad News on Coal Revenues, the Fact That Profit Improved in 2016 Has to be Good News? Actually Just the Opposite ....................................................................................... The $205 Mil Loss in 2015 is Mainly Due to Two Bad News One-Time Charges ....................................................................................... First, There Was a $92 Mil Asset Impairment Charge in 2015 Caused By the Weak Domestic Coal Market Outlook and Also By Weak Export Pricing and a Weak Outlook For Coal Exports ....................................................................................... Second, a One-Time Income Tax Charge of $87 Mil was recorded in 2015 Due to a Negative Reassessment of Whether Its Deferred Tax Assets Would Be Realizable in the Future ........................................................................................ All of This Also Explains Why West Virginia's Economy is Hurting So Much

From a review of the Google Finance Website and of company financial statements in the US SEC Website, I found 1 Company headquartered in the US State of Wyoming with Stock Market Capitalizations either very late in 2016 or very early in 2017 of more than $100 Mil.

Below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of this 1 Wyoming Company for all of the fiscal years from 2007 through 2016:


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
Wyoming Companies City State 2016 Income Income Income Income Income Income Income Income Income Income
Market Caps Above $100 Mil HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



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














Cloud Peak Energy Inc Gillette WY Dec16          22      (205)          79          52        174        190        117        183          88          54



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