Thursday, April 19, 2018

The Top 10 4Q 2017 Earning Corps Located Within 100 Miles of New York City Generated Total 4Q 2017 Net Income of $74.210 Bil, Up 396% From Their 4Q 2016 Total Net Income of $14.976 Bil ...................................................................................... But the Problem Here Is That $78.083 Bil or 105% of the Total 4Q 2017 Earnings of These 10 Corps of $74.210 Bil is Courtesy of the Very Lucrative US Federal Income Tax Debt Forgiveness Feature Embedded in the Trump Tax Cuts Act ...................................................................................... Also If Altaba Inc, Which Made More Than $15 Bil in the 4Q 2017 But Didn't Report the Precise Amount of Its 4Q 2017 Earnings, Is Also Included, Then the 4Q 2017 Total US Federal Income Tax Debt Forgiveness Increases By $11.639 Bil to $89.722 Bil For These 11 Corps

From SEC filings, the chart below shows Net Income (Loss) From Continuing Operations for both the 4Q 2017 and the 4Q 2016 along with the US Federal Income Tax Debt Forgiveness awarded by the US Government upon the signing of the Trump Tax Cuts Act to the 10 Most Profitable Corps in the 4Q 2017 which are HQed within 100 miles of New York City.  REITs and Partnerships are both excluded.

TTCA
US
Corp Federal 
Quarter US GAAP US GAAP Income
End Net Net Tax
When Income Income Debt
Trump (Loss) (Loss) Forgiveness
Tax From From Included
Cuts Continuing Continuing in Dec 17
US Corps Hqed Act Operations Operations Quarter
Within 100 Miles of New York City State TTCA Dec 17 Dec 16 Better Better Net
Filing With the SEC City Hqs HQs Signed Quarter Quarter (Worse) (Worse) Income
mils $ mils $ mils $ % mils $
Verizon New York NY Dec 17              18,783                4,600        14,183              16,761
Comcast Corp Philadelphia PA Dec 17              15,035                2,417        12,618              12,782
Pfizer New York NY Dec 17              12,289                   763        11,526              24,400
Charter Communications Stamford CT Dec 17                9,617                   569          9,048                9,293
JPMorgan Chase New York NY Dec 17                4,232                6,727         (2,495)                2,090
Prudential Financial Newark NJ Dec 17                3,865                   293          3,572                3,377
Allergan Parsippany NJ Dec 17                3,509                    (40)          3,549                3,600
MetLife New York NY Dec 17                2,315                  (971)          3,286                1,790
BlackRock New York NY Dec 17                2,310                   851          1,459                1,652
Altice USA Long Island City NY Dec 17                2,255                  (236)          2,491                2,338
           
Total all 10              74,210              14,973        59,237 396%              78,083
           
Altaba New York NY Dec 17  > $15 Bil                   11,639
Total all 11              89,722