Friday, April 13, 2018

242 Largest US High Technology Companies 4Q 2017 Real On-Their-Own Total Earnings Exclusive of the Initial Trump Tax Cuts Act Effect Were $93.020 Bil, Up a Very Robust 28% Over Their 4Q 2016 Total Earnings of $72.501 Bil ........................................................................................ On the Other Hand, All Other US Major Sectors Had 4Q 2017 Real On-Their-Own Exclusive of the Initial Trump Tax Cuts Act Total Earnings Which Were Either Lackluster or Weak ........................................................................................ The US Government Has Taken Steps To Curtail the Consistently High Earnings Growth of the US High Technology Companies vs the US Old Economy Companies, But It Just Hasn't Succeeded Because the US High Technology Upward Trend is Just Too Powerful ........................................................................................ Probably More Than Any Other One Thing, It's Due to the Exceptional Software Coding, With 102 of These 242 Companies Having SEC Computer Software Related SIC Codes and With Many of the Other 140 Companies Having a Huge Software Presence ........................................................................................ These 102 Largest US Software Companies, Led By Facebook and Alphabet, Had Their 4Q 2017 Real On-Their-Own Total Earnings Exclusive of the Initial Trump Tax Cuts Act Effect Increase By An Even Higher 40% Over Their 4Q 2016 Total Earnings ........................................................................................ These 242 Largest US High Technology Corporations Reported 4Q 2017 Total US GAAP Earnings of $19.932 Bil, Down 73% From Their 4Q 2016 Total US GAAP Earnings of $72.501 Bil ........................................................................................ This 73% Total Earnings Decline Was Caused Predominately By Massive Total Mandatory Foreign Earnings Repatriation Toll Tax Expenses of $108 Bil in the 4Q 2017, Which Exceeded the 4Q 2017 Total Income Tax Benefits Courtesy of the Total Tax Debt Forgiveness of a Huge $44 Bil ........................................................................................ When All Three Largest Trump Tax Effects Are Excluded (Income Tax Benefit From Tax Debt Forgiveness of $43.836 Bil, Income Tax Expense From the Mandatory Foreign Earnings Repatriation Toll Tax of $108.043 Bil and the Income Tax Expense From the Decline in Value of Deferred Income Tax Assets of $8.881 Bil), As-Adjusted 4Q 2017 Total Earnings Were $93.020 Bil, Up 28% From Their 4Q 2016 Total Earnings of $72.501 Bil

From SEC filings, below here is Net Income (Loss) From Continuing Operations for the 4Q 2017 and the 4Q 2016 as well as the Trump Tax Cuts Act (TTCA) 4Q 2017 US Federal Income Tax Earnings Effects for the 242 largest US High Technology Corps with Stock Market Caps of at least $2 Bil which have released their 4Q 2017 Earnings.  

Here are the predominant SEC SIC Codes for each of the US High Technology Group of Companies included in the chart below (the 5 Computer Software-Related SIC Codes are 7370, 7371, 7372, 7373 and 7374):
SIC
Code
A/D
Office

Industry Title


3570
3

COMPUTER & OFFICE EQUIPMENT
3571
3

ELECTRONIC COMPUTERS
3572
3

COMPUTER STORAGE DEVICES




3576
3

COMPUTER COMMUNICATIONS EQUIPMENT
3577
3

COMPUTER PERIPHERAL EQUIPMENT, NEC
3578
3

CALCULATING & ACCOUNTING MACHINES (NO ELECTRONIC COMPUTERS)

3661
11

TELEPHONE & TELEGRAPH APPARATUS
3663
11

RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT




3670
10

ELECTRONIC COMPONENTS & ACCESSORIES
3672
3

PRINTED CIRCUIT BOARDS
3674
10

SEMICONDUCTORS & RELATED DEVICES

3760
5

GUIDED MISSILES & SPACE VEHICLES & PARTS




3812
5

SEARCH, DETECTION, NAVAGATION, GUIDANCE, AERONAUTICAL SYS

3823
10

INDUSTRIAL INSTRUMENTS FOR MEASUREMENT, DISPLAY, AND CONTROL
3826
10

LABORATORY ANALYTICAL INSTRUMENTS
3827
10

OPTICAL INSTRUMENTS & LENSES

5045
3

WHOLESALE-COMPUTERS & PERIPHERAL EQUIPMENT & SOFTWARE

5961
2

RETAIL-CATALOG & MAIL-ORDER HOUSES





7370
3

SERVICES-COMPUTER PROGRAMMING, DATA PROCESSING, ETC.
7371
3

SERVICES-COMPUTER PROGRAMMING SERVICES
7372
3

SERVICES-PREPACKAGED SOFTWARE
7373
3

SERVICES-COMPUTER INTEGRATED SYSTEMS DESIGN
7374
3

SERVICES-COMPUTER PROCESSING & DATA PREPARATION

7389
2 & 3

SERVICES-BUSINESS SERVICES, NEC


Trump
Trump Trump Tax
Co Tax Tax Cuts
Quarter US GAAP US GAAP Cuts Cuts Act
End Net Net Act Act Mandatory
When Income Income US Decrease Foreign
Trump (Loss) (Loss) Federal  in Value Earnings
Tax Dec 17 Dec 16 Income of Deferred Repatriation
SEC   Cuts Jan 18 Jan 17 Tax Income Toll
SIC US Technology Corps State Act or Feb 18 or Feb 17 Better Debt Tax Tax
CODE Stock Market Caps $2 Bil+ City Hqs HQs Signed Quarter Quarter (Worse) Forgiveness Assets Expense
mils $ mils $ mils $ mils $ mils $ mils $
 
3559 Lam Research Fremont CA Dec 17             (10)            333        (343)               (54)             (703)
3570 HP Inc Palo Alto CA Jan 18         1,938            611       1,327            1,145
3570 Hewlett Packard Enterprises Palo Alto CA Jan 18         1,482            251       1,231            1,800          (1,000)
3570 Intl Business Machines ** Armonk NY Dec 17        (1,053)         4,505     (5,558)          (5,475)
3571 Apple * Cupertino CA Dec 17       20,065       17,891       2,174          12,700        (15,300)
3571 Teradata Dayton OH Dec 17             (74)              58        (132)                 19             (145)
3571 Dell Technologies Round Rock TX Jan 18           (553)        (1,414)          861            1,300          (1,000)
3572 Seagate Technology Cupertino CA Dec 17            159            297        (138)             (208)
3572 Pure Storage Mountain View CA Jan 18             (12)             (43)            31
3572 NetApp Sunnyvale CA Jan 18           (506)            146        (652)             (117)             (739)
3572 Western Digital San Jose CA Dec 17           (823)            235     (1,058)                 88          (1,660)
3576 Arista Networks Santa Clara CA Dec 17            104              59            45               (33)               (19)
3576 Juniper Networks Sunnyvale CA Dec 17           (148)            189        (337)             (135)             (155)
3576 Cisco Systems San Jose CA Dec 17        (8,778)         2,348   (11,126)             (900)        (10,200)
3576 F5 Networks Seattle WA Dec 17              88              94            (6)               (12)                 (7)
3577 Logitech Intl Newark CA Dec 17              81              97          (16)               (16)
3577 Fortinet Sunnyvale CA Dec 17             (29)              25          (54)               (48)               (15)
3577 Palo Alto Networks Santa Clara CA Jan 18             (35)             (61)            26
3577 FireEye Milpitas CA Dec 17             (77)             (62)          (15)
3577 Xerox Norwalk CT Dec 17           (193)            188        (381)             (135)             (265)
3578 Verifone Systems San Jose CA Dec 17                7             (18)            25                   3                 -  
3578 NCR Atlanta GA Dec 17             (35)              68        (103)                 -                 (94)               (36)
3661 Plantronics Santa Cruz CA Dec 17             (50)              22          (72)                 -                   (7)               (69)
3661 Ciena Hanover MD Dec 17           (473)                4        (477)                 -               (431)               (46)
3663 Qualcomm San Diego CA Dec 17        (5,953)            681     (6,634)             (562)          (5,386)
3663 Viasat Carlsbad CA Dec 17             (26)                5          (31)                 -  
3663 EchoStar Englewood CO Dec 17            314              39          275               304                 -                   -  
3663 ARRIS Intl plc Suwanee GA Dec 17              12              88          (76)                 22
3663 Motorola Solutions Chicago IL Dec 17           (574)            244        (818)             (837)               (16)
3663 Casa Systems Andover MA Dec 17              29              40          (11)                 (4)               (10)
3663 CommScope Holdings Hickory NC Dec 17              54              54             -                   64                 -                 (42)
3663 Ubiquiti Networks New York NY Dec 17             (51)              61        (112)                 (2)             (111)
3663 L3 Technologies New York NY Dec 17            271            187            84               101                 -                 (22)
3669 Lumentum Holdings Milpitas CA Dec 17            205              12          193               (83)
3670 Hubbell Shelton CT Dec 17              22              66          (44)                 57                 -                   -  
3670 Mercury Systems Andover MA Dec 17                9                5              4                   1                 -                   -  
3670 Universal Display Ewing NJ Dec 17              33              26              7                 -                   -                 (12)
3670 Vishay Intertechnology Malvern PA Dec 17           (178)             (49)        (129)                 75             (310)
3670 AVX Corp Fountain Inn SC Dec 17             (93)              36        (129)               (25)               (89)
3672 Flex Ltd San Jose CA Dec 17            118            129          (11)
3672 Jabil St Petersburg FL Feb 18              38              20            18               (31)
3674 Amkor Technology Tempe AZ Dec 17            102            101              1               (37)               (35)
3674 First Solar Tempe AZ Dec 17           (432)           (751)          319                 (7)             (402)
3674 Microchip Technology Chandler AZ Dec 17           (251)            107        (358)               179             (622)
3674 ON Semiconductor Phoenix AZ Dec 17            531            112          419               450                 -                   -  
3674 Advanced Micro Devices Santa Clara CA Dec 17              61             (51)          112
3674 Applied Materials Santa Clara CA Jan 18            135            703        (568)          (1,006)
3674 Broadcom Ltd San Jose CA Jan 18         6,581            257       6,324            5,810
3674 Cavium San Jose CA Dec 17               (1)           (122)          121                 12
3674 Cypress Semiconductor San Jose CA Dec 17             (36)              11          (47)                   3
3674 Integrated Device Technology San Jose CA Dec 17             (68)              33        (101)               (10)               (92)
3674 Intel Santa Clara CA Dec 17           (687)         3,562     (4,249)               676          (6,100)
3674 Marvell Technology Santa Clara CA Jan 18              49             (64)          113
3674 Maxim Integrated Products San Jose CA Dec 17             (75)            130        (205)               (14)             (237)
3674 Maxlinear Carlsbad CA Dec 17             (19)                8          (27)               (16)                 (1)
3674 Mellanox Technologies Ltd Sunnyvale CA Dec 17               (3)                9          (12)
3674 Microsemi Aliso Viejo CA Dec 17              48              20            28                 12
3674 Monolithic Power Systems San Jose CA Dec 17              12              17            (5)               (10)               (42)
3674 NVIDIA Santa Clara CA Jan 18         1,118            655          463               176               (43)                 -  
3674 Semtech Camarillo CA Jan 18               (1)                8            (9)                   3                 (2)
3674 Viavi Solutions San Jose CA Dec 17               (4)              49          (53)
3674 Xilinx San Jose CA Dec 17              12            142        (130)               424             (583)
3674 Power Integrations San Jose CA Dec 17             (17)              14          (31)                 -                   (5)               (35)
3674 Micron Technology Boise ID Feb 18         3,311            894       2,417            1,204          (1,335)
3674 Cabot Microelectronics Aurora IL Dec 17               (3)              22          (25)                 (2)               (31)
3674 Analog Devices Norwood MA Jan 18            268            217            51               640             (687)
3674 IPG Photonics Oxford MA Dec 17              53              75          (22)               (49)
3674 Skyworks Solutions Woburn MA Dec 17              70            258        (188)               (18)             (258)
3674 Cree Inc Durham NC Dec 17              14                6              8                 19                 (3)
3674 Qorvo Greensboro NC Dec 17             (33)             (79)            46                 44             (140)
3674 Cirrus Logic Austin TX Jan 18              34            122          (88)                 (6)               (52)
3674 Silicon Labs Austin TX Dec 17               (5)              20          (25)               (11)               (15)
3674 Texas Instruments Dallas TX Dec 17            344         1,047        (703)               (59)             (714)
3678 Amphenol Wallingford CT Dec 17           (100)            238        (338)                 38                 -               (436)
3679 Advanced Energy Industries Ft Collins CO Dec 17             (29)              40          (69)                 11                 -                 (62)
3760 Aerojet Rocketdyne El Segundo CA Dec 17             (52)              18          (70)               (65)
3760 Lockheed Martin Bethesda MD Dec 17           (715)            959     (1,674)          (1,819)               (43)
3760 Orbital ATK Dulles VA Dec 17              62              65            (3)               (39)
3812 Teledyne Technologies Thousand Oaks CA Dec 17              68              53            15                 22               (26)
3812 Northrop Grumman Falls Church VA Dec 17            178            525        (347)             (280)               (13)
3812 Harris Corp Melbourne FL Dec 17            139            163          (24)               (52)
3812 Garmin Ltd Olathe KS Dec 17            139            137              2
3812 Raytheon Waltham MA Dec 17            387            553        (166)             (100)               (71)
3812 FLIR Systems Wilsonville OR Dec 17             (50)              62        (112)               (13)               (82)
3823 KeySight Technologies Santa Rosa CA Dec 17              94            109          (15)               117                 -                   -  
3823 MKSI Instruments Andover MA Dec 17              78              45            33                 22                 -                 (28)
3825 Teradyne North Reading MA Dec 17           (106)              66        (172)                 -                 (34)             (161)
3826 Coherent Santa Clara CA Dec 17              42              31            11               (13)               (28)
3826 Agilent Technologies Santa Clara CA Dec 17           (320)            168        (488)               (53)             (480)
3826 Waters Corp Milford MA Dec 17           (353)            174        (527)               (20)             (530)
3827 KLA-Tencor Milpitas CA Dec 17           (134)            238        (372)             (101)             (341)
3827 PerkinElmer Waltham MA Dec 17             (38)              62        (100)               (22)               (85)
3829 Trimble Sunnyvale CA Dec 17             (35)              38          (73)                 (3)               (79)
4700 Expedia Group Bellevue WA Dec 17              53              85          (32)               158             (144)
4822 J2 Global Los Angeles CA Dec 17              50              43              7                 33               (49)
4841 Roku Saratoga CA Dec 17                7                3              4
5045 Synnex Fremont CA Feb 18              24              62          (38)                 26               (68)
5045 Tech Data Clearwater FL Jan 18                1              79          (78)                   6             (101)
5961 Stitch Fix San Francisco CA Jan 18                4               -                4                 (5)
5961 Liberty Interactive Englewood CO Dec 17         1,476            324       1,152            1,485
5961 CDW Corp Vernon Hills IL Dec 17            195            103            92                 96               (20)
5961 Wayfair Boston MA Dec 17             (73)             (44)          (29)                 -                   -                   -  
5961 Amazon Seattle WA Dec 17         1,856            749       1,107               789
5990 IAC/Interactive New York NY Dec 17              23            114          (91)                 (1)               (63)
6035 E*Trade Financial New York NY Dec 17            129            127              2                 -                 (58)                 -  
6794 Interdigital Wilmington DE Dec 17              53            136          (83)               (43)                 -  
7200 Yelp Inc San Francisco CA Dec 17            142                8          134
7310 ANGI Homeservices New York NY Dec 17             (58)                2          (60)               (33)
7311 Groupon Chicago IL Dec 17              51             (39)            90
7370 Facebook Menlo Park CA Dec 17         4,268         3,568          700               257          (2,530)
7370 Twitter San Francisco CA Dec 17              91           (167)          258
7370 Trade Desk Ventura CA Dec 17              17              10              7                 (1)
7370 Snap Inc Venice CA Dec 17           (350)           (170)        (180)
7370 Alphabet Mountain View CA Dec 17        (3,020)         5,333     (8,353)               376        (10,200)
7370 IHS Markit Ltd Englewood CO Feb 18            241              66          175               174               (38)
7370 Fact Set Research Systems Norwalk CT Feb 18              53              67          (14)                 (2)               (23)
7370 TripAdvisor Needham MA Dec 17             (84)                1          (85)                 (6)               (67)
7370 Red Hat ** Raleigh NC Feb 18             (13)              66          (79)             (123)
7370 Sabre Southlake TX Dec 17              83              31            52                 58               (48)
7370 Match Group Dallas TX Dec 17               (8)              75          (83)               (68)               (24)
7371 Callidus Software Dublin CA Dec 17               (2)               (5)              3
7371 Zscaler San Jose CA Jan 18               (7)             (10)              3                 -  
7371 Aspen Technology Bedford MA Dec 17              38              37              1                 (4)
7371 Syntel Troy MI Dec 17              42              48            (6)                 (1)                 (7)
7371 Amdocs Ltd St Louis MO Dec 17            117              98            19                   3
7371 Cognizant Tech Solutions Teaneck NJ Dec 17             (18)            416        (434)                 71             (688)
7371 EPAM Systems Newtown PA Dec 17             (31)              25          (56)               (10)               (64)
7371 VeriSign Reston VA Dec 17            103            106            (3)               187             (162)
7372 Symantec Mountain View CA Dec 17         1,311             (56)       1,367            1,600             (821)
7372 Adobe Systems San Jose CA Feb 18            583            398          185               (10)             (118)
7372 Salesforce.com San Francisco CA Jan 18              68             (51)          119
7372 Veeva Systems Pleasanton CA Jan 18              34              22            12
7372 Ellie Mae Pleasanton CA Dec 17              10              11            (1)                   9
7372 Qualys Foster City CA Dec 17                3                6            (3)               (10)
7372 Alteryx Irvine CA Dec 17               (2)               (6)              4
7372 Synopsys Mountain View CA Jan 18               (4)              87          (91)               (46)               (73)
7372 Blackline Woodland Hills CA Dec 17               (6)             (16)            10
7372 New Relic San Francisco CA Dec 17               (8)             (14)              6
7372 Coupa Software San Mateo CA Jan 18               (9)               (7)            (2)
7372 Cornerstone On Demand Santa Monica CA Dec 17               (9)             (19)            10
7372 Cadence Design Systems San Jose CA Dec 17             (14)              38          (52)               (25)               (67)
7372 Square San Francisco CA Dec 17             (16)             (15)            (1)                   1
7372 Twilio San Francisco CA Dec 17             (19)             (13)            (6)
7372 Intuit Mountain View CA Jan 18             (21)              13          (34)               (39)
7372 Splunk San Francisco CA Jan 18             (25)             (74)            49
7372 Mulesoft San Francisco CA Dec 17             (25)             (13)          (12)
7372 Okta Inc San Francisco CA Jan 18             (25)             (18)            (7)
7372 ServiceNow Santa Clara CA Dec 17             (28)             (33)              5
7372 Box Inc Redwood City CA Jan 18             (33)             (37)              4
7372 Dropbox San Francisco CA Dec 17             (38)             (29)            (9)
7372 Cloudera Palo Alto CA Jan 18             (44)             (61)            17
7372 Guideware Software Foster City CA Jan 18             (46)                4          (50)               (29)
7372 Nutanix San Jose CA Jan 18             (63)             (76)            13
7372 Atlassian Corp San Francisco CA Dec 17             (65)               (2)          (63)               (47)
7372 AutoDesk San Rafael CA Jan 18           (174)           (173)            (1)                 32
7372 Electronic Arts Redwood City CA Dec 17           (186)               (1)        (185)               (26)             (151)
7372 VMware Palo Alto CA Dec 17           (440)            441        (881)             (167)             (800)
7372 Activision Blizzard Santa Monica CA Dec 17           (584)            254        (838)               (81)             (555)
7372 Oracle Redwood City CA Feb 18        (4,024)         2,239     (6,263)               744                 -            (7,600)
7372 SS&C Technologies Windsor CT Dec 17            165              57          108               122               (34)
7372 Black Knight Jacksonville FL Dec 17            147              34          113               111
7372 ACI Worldwide Naples FL Dec 17              33              67          (34)               (15)               (21)
7372 Ultimate Software Group Weston FL Dec 17               (2)              12          (14)                 (9)
7372 Citrix Systems Fort Lauderdale FL Dec 17           (284)            179        (463)               (65)             (364)
7372 Manhattan Associates Atlanta GA Dec 17              25              30            (5)                   1                 (1)                 (3)
7372 Paylocity Arlington Heights IL Dec 17               -                 (2)              2
7372 LogMein Boston MA Dec 17              93                2            91               100               (15)
7372 Nuance Communications Burlington MA Dec 17              53             (24)            77                 96               (14)
7372 PTC Inc Needham MA Dec 17              14               (9)            23                 14                 (7)
7372 Mimecast Ltd Boston MA Dec 17               (3)               (3)             -  
7372 Hub Spot Cambridge MA Dec 17             (12)             (14)              2
7372 2U Inc Lanham MD Dec 17                1               (2)              3
7372 Commvault Systems Tinton Falls NJ Dec 17             (59)                2          (61)               (24)
7372 Take-Two Interactive Software New York NY Dec 17              25             (30)            55                   6                 -                 (18)
7372 Medidata Solutions New York NY Dec 17              14              11              3                   1                 (3)                 (2)
7372 CA Inc New York NY Dec 17             (93)            208        (301)               (98)             (220)
7372 Paycom Software Oklahoma City OK Dec 17              13                9              4
7372 ANSYS Canonsburg PA Dec 17              53              70          (17)                 (2)               (16)
7372 Blackbaud Charleston SC Dec 17              31              17            14                 20
7372 Tyler Technologies Plano TX Dec 17              62              31            31                 22
7372 RealPage Richardson TX Dec 17             (21)                7          (28)               (25)                 (2)
7372 National Instruments Austin TX Dec 17             (24)              29          (53)                 15               (85)
7372 Microsoft Redmond WA Dec 17        (6,302)         6,267   (12,569)            4,000        (17,800)
7372 Tableau Software Seattle WA Dec 17             (42)             (21)          (21)
7373 GoDaddy Scottsdale AZ Dec 17              98               (1)            99                   8
7373 EBIX Inc Johns Creek GA Dec 17              27              25              2                   3
7373 Allscripts Health Care Solutions Chicago IL Dec 17              10                3              7               (10)                 (5)
7373 Net Scout Systems Westford MA Dec 17              90              21            69                 83                 (2)
7373 Cerner Kansas City MO Dec 17            337            150          187               171                 (4)
7373 Jack Henry & Associates Monett MO Dec 17            156              59            97                 97
7373 Scientific Games Las Vegas NV Dec 17             (43)           (111)            68                 10
7373 Verint Systems Melville NY Jan 18              18                8            10                   5
7373 Convergys Cincinnati OH Dec 17                9              18            (9)                 98             (132)
7373 CSRA Inc Falls Church VA Dec 17            192            128            64               101
7373 CACI Intl Arlington VA Dec 17            143              42          101                 95               (10)
7373 Leidos Holding Reston VA Dec 17            113              60            53               119
7373 Science Applications Intl Reston VA Jan 18              51              35            16                 17
7374 CoreLogic Irvine CA Dec 17              65                6            59                 38
7374 Zynga San Francisco CA Dec 17              13             (35)            48                   2
7374 RingCentral Belmont CA Dec 17               (6)               (7)              1
7374 Proofpoint Sunnyvale CA Dec 17             (11)             (23)            12                   2
7374 Zendesk San Francisco CA Dec 17             (27)             (25)            (2)
7374 Workday Pleasanton CA Jan 18             (89)             (88)            (1)
7374 Cars.com Chicago IL Dec 17            152              49          103                 80
7374 Car Gurus Cambridge MA Dec 17                2                4            (2)
7374 Pegasystems Cambridge MA Dec 17               (4)                9          (13)               (20)
7374 DST Systems Kansas City MO Dec 17              81              54            27                 22                 (8)
7374 Automatic Data Processing Roseland NJ Dec 17            468            511          (43)                 85               (16)
7374 Verisk Analytics Jersey City NJ Dec 17            205            108            97                 89
7374 DXC Technology Tydsons VA Dec 17            779              37          742               895             (386)
7374 Fiserv Brookfield WI Dec 17            532            215          317               270
7384 Shutterfly Redwood City CA Dec 17            112              91            21                 (9)
7389 Visa San Francisco CA Dec 17         2,522         2,070          452            1,100          (1,100)
7389 PayPal Holdings San Jose CA Dec 17            620            390          230            1,295          (1,468)
7389 Stamps.com El Segundo CA Dec 17              40              29            11               (13)
7389 Fair Isaac San Jose CA Dec 17              27              38          (11)                 (7)                 (5)
7389 eBay San Jose CA Dec 17        (2,597)         5,948     (8,545)          (1,700)          (1,400)
7389 Booking Holdings Norwalk CT Dec 17           (555)            674     (1,229)               217          (1,563)
7389 CoStar Group Washington DC Dec 17              44              30            14                   7
7389 Fidelity Natl Info Services Jacksonville FL Dec 17            998            216          782               772
7389 Fleetcor Technologies Norcross GA Dec 17            283              95          188               210               (82)
7389 Global Payments Atlanta GA Dec 17            250              28          222               222               (64)
7389 Cotiviti Holdings Atlanta GA Dec 17              71              25            46                 47                 (2)
7389 Accenture plc Chicago IL Dec 17            920            887            33             (137)
7389 CDK Global Hoffman Estates IL Dec 17            106              84            22                 23                 (9)
7389 GrubHub Chicago IL Dec 17              54              14            40                 34
7389 Envestnet Chicago IL Dec 17              18             (33)            51                   1
7389 athenahealth Watertown MA Dec 17              32              10            22                   3
7389 Akamai Technologies Cambridge MA Dec 17              19              92          (73)                 17               (43)
7389 Conduent Florham Park NJ Dec 17            208           (951)       1,159               210               (12)
7389 First Data New York NY Dec 17         1,002            251          751             (353)
7389 Mastercard Purchase NY Dec 17            227            933        (706)             (157)             (716)
7389 MSCI Inc New York NY Dec 17              65              68            (3)                 29               (64)
7389 Etsy Inc Brooklyn NY Dec 17              45             (21)            66                 31
7389 Total System Services Columbus OH Dec 17            244              74          170               145                 (5)
7389 Worldpay Symmes Township OH Dec 17             (46)              63        (109)
7389 Alliance Data Systems Plano TX Dec 17            271              11          260                 65
7389 HealthEquity Draper UT Dec 17                6                4              2                 -  
7389 Zillow Group Seattle WA Dec 17             (77)             (23)          (54)                 24
7841 Netflix Los Gatos CA Dec 17            186              67          119               (47)               (32)
8700 Paychex Rochester NY Feb 18            260            203            57                 21
8741 Gartner Stamford CT Dec 17            107              66            41               123               (64)
Total all 242       19,932       72,501   (52,569) -73%          43,836          (8,881)      (108,043)
Total all 242 With No TTCA Effect       93,020       72,501     20,519 28%




* Apple's Tax Debt Forgiveness Was Not Disclosed and Thus I Estimated It
** Unlike Nearly Every Other Company, IBM Did Not Disclose the Amounts of Its TTCA Tax Expense Components 






























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