Co | Income | |||||||
Quarter | US GAAP | US GAAP | Tax | |||||
End | Net | Net | (Expense) | |||||
When | Income | Income | Benefit | |||||
Trump | (Loss) | (Loss) | Due To | |||||
Tax | Dec 17 | Dec 16 | Trump | |||||
Cuts | or | or | Tax | |||||
State | Act | Jan 18 | Jan 17 | Better | Cuts | |||
US Health Care Company | City Hqs | HQs | Signed | Quarter | Quarter | (Worse) | Act | |
mils $ | mils $ | mils $ | mils $ | |||||
Johnson & Johnson | New Brunswick | NJ | Dec 17 | (10,713) | 3,814 | (14,527) | (13,556) | |
Pfizer | New York | NY | Dec 17 | 12,289 | 763 | 11,526 | 10,700 | |
AbbVie | North Chicago | IL | Dec 17 | 52 | 1,391 | (1,339) | (1,242) | |
Merck | Kenilworth | NJ | Dec 17 | (864) | (587) | (277) | (2,600) | |
Amgen | Thousand Oaks | CA | Dec 17 | (4,264) | 1,935 | (6,199) | (6,100) | |
Medtronic plc | Minneapolis | MN | Jan 18 | - | ||||
Bristol-Myers Squibb | New York | NY | Dec 17 | (2,329) | 898 | (3,227) | (2,911) | |
Gilead Sciences | Foster City | CA | Dec 17 | (3,836) | 3,099 | (6,935) | (5,490) | |
Abbott Labs | Abbott Park | IL | Dec 17 | (864) | 765 | (1,629) | (1,460) | |
Eli Lilly | Indianapolis | IN | Dec 17 | (1,657) | 772 | (2,429) | (1,914) | |
Thermo Fisher Scientific | Waltham | MA | Dec 17 | 530 | 633 | (103) | (204) | |
CVS Health | Woonsocket | RI | Dec 17 | 3,287 | 1,707 | 1,580 | 1,500 | |
Celgene | Summit | NJ | Dec 17 | (81) | 429 | (510) | (1,269) | |
Walgreens Boots Alliance | Deerfield | IL | Feb 18 | |||||
Biogen | Cambridge | MA | Dec 17 | (166) | 648 | (814) | (1,174) | |
Becton Dickinson | Franklin Lakes | NJ | Dec 17 | (136) | 562 | (698) | (270) | |
Stryker | Kalamazoo | MI | Dec 17 | (249) | 510 | (759) | (831) | |
Allergan plc | Parsippany | NJ | Dec 17 | 3,509 | (40) | 3,549 | 2,872 | |
Intuitive Surgical | Sunnyvale | CA | Dec 17 | (39) | 204 | (243) | (318) | |
Vertex Pharmaceuticals | Boston | MA | Dec 17 | 102 | 28 | 74 | ||
Boston Scientific | Marlborough | MA | Dec 17 | (615) | 124 | (739) | (861) | |
Zoetis | Parsippany | NJ | Dec 17 | 80 | 154 | (74) | (212) | |
Baxter Intl | Deerfield | IL | Dec 17 | (61) | 240 | (301) | (322) | |
HCA Healthcare | Nashville | TN | Dec 17 | 641 | 1,085 | (444) | (301) | |
Regeneron Pharmaceuticals | Tarrytown | NY | Dec 17 | 174 | 253 | (79) | (326) | |
Illumina | San Diego | CA | Dec 17 | 58 | 108 | (50) | (150) | |
McKesson | San Francisco | CA | Dec 17 | 960 | 649 | 311 | 370 | |
Edwards Lifesciences | Irvine | CA | Dec 17 | 36 | 159 | (123) | (224) | |
Alexion Pharmaceuticals | New Haven | CT | Dec 17 | 30 | 93 | (63) | (46) | |
Zimmer Biomet Holdings | Warsaw | IN | Dec 17 | 1,257 | 70 | 1,187 | 1,306 | |
Agilent Technologies | Santa Clara | CA | Jan 18 | (320) | 168 | (488) | (533) | |
IQVIA Holdings | Durham | NC | Dec 17 | 1,084 | (175) | 1,259 | 977 | |
Mylan NV | Canonsburg | PA | Dec 17 | - | ||||
Cardinal Health | Dublin | OH | Dec 17 | 1,053 | 324 | 729 | 894 | |
AmerisourceBergen | Chesterbrook | PA | Dec 17 | 862 | 247 | 615 | 588 | |
Cerner | Kansas City | MO | Dec 17 | 337 | 150 | 187 | 135 | |
Align Technology | San Jose | CA | Dec 17 | 10 | 48 | (38) | (87) | |
Incyte Corp | Wilmington | DE | Dec 17 | (150) | 9 | (159) | ||
Lab Corp of America | Burlington | NC | Dec 17 | 709 | 185 | 524 | 519 | |
Idexx Labs | Westbrook | ME | Dec 17 | 38 | 52 | (14) | (31) | |
Biomarin Pharmaceuticals | Novato | CA | Dec 17 | - | ||||
Quest Diagnostics | Seacaucus | NJ | Dec 17 | 267 | 167 | 100 | 106 | |
DaVita | Denver | CO | Dec 17 | 197 | 176 | 21 | 252 | |
ResMed | San Diego | CA | Dec 17 | 10 | 77 | (67) | (127) | |
Dentsply Sirona | York | PA | Dec 17 | - | ||||
Perrigo Co plc | Allegan | MI | Dec 17 | - | ||||
Nektar Therapeutics | San Francisco | CA | Dec 17 | - | ||||
Alnylam Pharmaceuticals | Cambridge | MA | Dec 17 | (142) | (113) | (29) | ||
Teleflex | Wayne | PA | Dec 17 | - | ||||
Cooper Cos | Pleasanton | CA | Jan 18 | - | ||||
Bioverativ | Waltham | MA | Dec 17 | 141 | 229 | (88) | 59 | |
Varian Medical Systems | Palo Alto | CA | Dec 17 | (112) | 8 | (120) | (207) | |
Henry Schein | Melville | NY | Dec 17 | - | ||||
Universal Health Services | King of Prussia | PA | Dec 17 | |||||
Hologic | Marlborough | MA | Dec 17 | 407 | 87 | 320 | 329 | |
Abiomed | Danvers | MA | Dec 17 | 13 | 15 | (2) | (22) | |
bluebird bio | Cambridge | MA | Dec 17 | - | ||||
- | ||||||||
Total all 45 With Earnings Released | 1,535 | 22,120 | (20,585) | -93% | (22,181) |
Sunday, February 18, 2018
US Health Care Companies With Stock Market Caps of More Than $10 Bil and Which Have Already Released Their Earnings For the Dec 2017 or the Jan 2018 Quarter Had Their Earnings Just Devastated By the Trump Tax CUTS Act, With Total Net Income For Either the Dec 2017 or the Jan 2018 Quarter of Only $1.5 Bil, Down By 93% or Down By $20.6 Bil From Their Previous Year's Quarter Total Net Income of $22.1 Bill ....................................................................................... The US Drug Manufacturers Were Particularly Really Hard Hit By the Trump Tax CUTS Act ....................................................................................... The Anti-US Health Care Company Strategy of the Republicans in the US Congress and of the Trump Administration in Designing the Trump Tax CUTS Act Was Highly Effective, With These Same Companies Getting Their Total Net Income in the Most Recent Quarter Flat Out Hammered By $22.2 Bil Just Due to the Negative After-Tax Earnings Impact of the Trump Tax CUTS Act: Yeah, That Huge Toll Tax on Mandatory Deemed Foreign Earnings Repatriation is Highly Excessive Taxation By the US Government, Particularly For a Tax Cuts Act ....................................................................................... Excluding These Additional Income Tax Expenses of $22.2 Bil Due Directly To the Trump Tax CUTS Act, Their Total Net Income For the Most Recent Quarter Would Have Increased By 7% Over the Previous Year's Quarter ($23.7 Bil vs. $22.1 Bil), Rather Than Declining By 93%
Below here are the US GAAP After-Tax Earnings From Continuing Operations for the 45 US Health Care Companies with recent stock market caps of more than $10 Bil and which have already released their quarterly earnings covering the same quarter in which President Trump signed the Trump Tax CUTS Act Also included below are the 12 US Health Care Companies which haven't released their quarterly earnings yet for this quarter.