Thursday, February 15, 2018

Southern California Company With Highest Profit in its Most Recent Quarter? ....................................................................................... If You Guessed Burbank-Based The Walt Disney Co, You Are Correct ... It Made Net Income of a Very Impressive $4.473 Bil in the Dec 2017 Quarter ....................................................................................... Let Me Make It More Challenging, Who Made the Second Highest Profit? It Made $3.370 Bil in its Dec 2017 Quarter and the Third Highest Was Substantially Below $1 Bil ....................................................................................... Is It San Diego-Based Qualcomm? No, It Lost $5.953 Bil in the Dec 2017 Quarter Courtesy of the Trump Tax CUTS Act ....................................................................................... Is It Thousand Oaks-Based Amgen? No, It Lost $4.264 Bil in the Dec 2017 Quarter Also Courtesy of the Trump Tax CUTS Act ....................................................................................... Is It Santa-Monica Based Activision Blizzard? No, It Lost $564 Mil in the Dec 2017 Quarter Also Courtesy of the Trump Tax CUTS Act ....................................................................................... What About Irvine-Based Edwards Lifesciences? No, It Lost $3 Mil in the Dec 2017 Quarter Also Courtesy of the Trump Tax CUTS Act ....................................................................................... Yeah, You Financially Savvy Ones Have Probably Figured It Out By Now: It's Torrance, CA-Based American Honda Finance Corp, a Subsidiary of Japan's Honda Motor, Which Generated After-Tax Net Income of $3.370 Bil in the Dec 2017 Quarter, With $3.025 Bil or 90% of American Honda Finance's $3.370 Bil Dec 2017 Quarter After-Tax Net Income Coming From an Income Tax Benefit of $3.025 Bil Resulting From the Puzzling, Very Lucrative US Federal Income Tax Debt Forgiveness Feature in the US Trump Tax Cuts Act