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.
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)