Monday, April 16, 2018

Texas Has 5 Corps Filing With the SEC Which Generated More Than $3 Bil of US GAAP Earnings in the Dec 2017 Quarter and Exxon Mobil is #3 and Phillips 66 is #4 ........................................................................................ The Other 3 Are Not Oil & Gas Corps ........................................................................................ All 5 Got Huge Initial Tax Benefits From the US Trump Tax Cuts Act ........................................................................................ These 5 Texas Corps Made a Total of $42.6 Bil in the Dec 2017 Quarter With 92.5% of It or $39.4 Bil Coming From the Tax Debt Forgiveness Feature in the Trump Tax Cuts Act ........................................................................................ Hey Texas Citizens, Just How Much of Your Debt Was Forgiven By the US Government in the Dec 2017 Quarter?

AT&T, Exxon Mobil and Phillips 66 are all publicly-traded companies.

Burlington Northern Santa Fe Railway (BNSF Railway) is owned by Berkshire Hathaway.

Toyota Motor Credit is owned by Japanese Company Toyota Motor Corp.  And yeah, US taxpayers rewarded this Japanese Company with $2.9 Bil of initial tax benefits here courtesy of the US Trump Tax Cuts Act.  Altogether, foreign corps got roughly $200 Bil of initial tax benefits in the Trump Tax Cuts Act all funded by US taxpayers.

TTCA
US
  Corp   Federal 
Quarter   Income
End   Tax
When      Debt
Trump US GAAP US GAAP Forgiveness
  Tax Net Net Included
  Cuts Income Income in Dec 17
US Corps Act (Loss) (Loss) Quarter
Hqed in Texas State TTCA Dec 17 Dec 16 Better Net
Filing With the SEC City Hqs HQs Signed Quarter Quarter (Worse) Income
mils $ mils $ mils $ mils $
 
#1 AT&T Dallas TX Dec 17            19,136              2,515        16,621                 20,271
#2 BNSF Railway Co Fort Worth TX Dec 17              8,710              1,175          7,535                   7,400
#3 Exxon Mobil Irving TX Dec 17              8,409              2,024          6,385                   5,942
#4 Phillips 66 Houston TX Dec 17              3,255                 194          3,061                   2,870
#5 Toyota Motor Credit Plano TX Dec 17              3,076                 (46)          3,122                   2,900
Total all 5            42,586              5,862        36,724                   39,383