Indiana Companies ..... Isolating Out Eli Lilly and Anthem Because They Had Large Unusual Pretax Charges Which Drove Down Their Reported March 2017 Quarter Pretax Income .......... Lilly Had March 2017 Quarter Pretax Earnings Charges of $858 Mil For Acquired R&D and of $214 Mil For Asset Impairment, Restructuring and Other Special Charges. .......... Anthem Had March 2017 Quarter Pretax Earnings Charges of $254 Mil For Penn Treaty Assessment Costs and $100 Mil For Transaction Related Costs ....................................................................................... Excluding Lilly and Anthem, the Remaining 24 Indiana Companies With Market Caps of at Least $1 Bil Posted March or April 2018 Quarter Total Pretax Income (PTI) of $3.5 Bil, Up 10% From Their March or April 2017 Quarter, Just a Bit Short of the Total Pretax Income Growth of 12% For all 1,820 US Companies With Similar Market Caps ....................................................................................... The 9 Indiana Financial Cos Generated Total PTI of $1.2 Bil in the March 2018 Quarter, Up a Very Robust 34%, Driven By Evansville-Based OneMain Holding's 195% Earnings Increase and Indy-Based Simon Property Group's 30% Earnings Growth, Although $135 Mil of Simon's $165 Mil Earnings Increase Came From Special Gains .................................................................................... The Key 11 Indiana Manufacturing Cos Generated Total PTI of $1.7 Bil in the March or April 2018 Quarter, Unfortunately Precisely Flat With That in the March or April 2017 Quarter ........................................................................................ The 2 Indiana Utility Cos Generated Total March 2018 Quarter PTI Which Was Down 2% From the March 2017 Quarter ........................................................................................ And the 2 Indiana Cos in Other Sectors Posted Total March 2018 Quarter PTI Which Was Up 9% From the March 2017 Quarter

From a review of SEC filings, the below chart shows the US GAAP Pretax Income (Loss) From Continuing Operations, the US GAAP Net Income (Loss) From Continuing Operations and the related US GAAP Income Tax Expense for the March or April 2018 and 2017 Quarters for all US  Companies including both Partnerships and REITs which are Headquartered in the US State of Indiana with March 2018 or April 2018 Quarter Ends, with stock market caps above $1 Bil recently and which have released their March 2018 or April 2018 Quarter Earnings by June 8, 2018.  

I will update this quarterly earnings chart later for Companies with April 2018 and May 2018 Quarter End Earnings which haven't reported their April or May 2018 Quarter Earnings yet.

									US GAAP	US GAAP		US GAAP	US GAAP
	US GAAP	US GAAP	US GAAP		US GAAP	US GAAP	US GAAP		Effective	Effective		Pretax	Net
	Pretax	Income	Net		Pretax	Income	Net		Income	Income		Income	Income
	Income	Tax	Income		Income	Tax	Income		Tax	Tax		% Change	% Change
Indiana Companies	(Loss)	Expense	(Loss)		(Loss)	Expense	(Loss)		Rate	Rate		March or	March or
Market Caps At Least $1 Bil	March or	March or	March or		March or	March or	March or		March or	March or		April Qtr	April Qtr
Releasing March or April 2018	April Qtr	April Qtr	April Qtr		April Qtr	April Qtr	April Qtr		April Qtr	April Qtr		2018	2018
Qtr Earnings By June 8, 2018	2018	2018	2018		2017	2017	2017		2018	2017		vs 2017	vs 2017
	mils $	mils $	mils $		mils $	mils $	mils $
Cos With Large 2017 Charges
Eli Lilly	1,441	224	1,217		61	172	(111)		15.5%	282.0%		2262%	1196%
Anthem	1,780	468	1,312		1,515	505	1,010		26.3%	33.3%		17%	30%
All Cos Except Lilly&Anthem
Financial Cos
Simon Property Group	716	-	716		551	-	551		0.0%	0.0%		30%	30%
OneMain Holdings	168	44	124		57	24	33		26.2%	42.1%		195%	276%
CNO Financial Group	108	24	84		97	35	62		22.2%	36.1%		11%	35%
Duke Realty	84	10	74		67	2	65		11.9%	3.0%		25%	14%
Old National Bancorp	53	5	48		46	10	36		9.4%	21.7%		15%	33%
First Merchants Corp	43	6	37		30	7	23		14.0%	23.3%		43%	61%
1st Source Corp	25	6	19		25	9	16		24.0%	36.0%		0%	19%
Lakeland Financial	21	3	18		20	5	15		14.3%	25.0%		5%	20%
Kite Realty Group Trust	(18)	-	(18)		-	-	-		0.0%	NM		NM	NM
Total all 9 Financials	1,200	98	1,102		893	92	801		8.2%	10.3%		34%	38%
Manufacturing Cos
Cummins	523	198	325		548	143	405		37.9%	26.1%		-5%	-20%
Steel Dynamics	296	70	226		304	106	198		23.6%	34.9%		-3%	14%
Zimmer Biomet	223	47	176		265	(34)	299		21.1%	-12.8%		-16%	-41%
Allison Transmission	191	40	151		127	44	83		20.9%	34.6%		50%	82%
Thor Industries	181	47	134		166	55	111		26.0%	33.1%		9%	21%
Berry Global Group	117	27	90		88	16	72		23.1%	18.2%		33%	25%
LCI Industries	59	11	47		59	16	43		19.4%	26.4%		0%	9%
Patrick Industries	37	7	30		22	4	18		18.9%	18.2%		68%	67%
Wabash National Corp	26	5	21		28	8	20		19.2%	28.6%		-7%	5%
Franklin Electric	19	(2)	21		16	-	16		-10.5%	0.0%		19%	31%
Hillenbrand	(8)	13	(21)		49	15	34		-162.5%	30.6%		-116%	-162%
Total all 11 Manufacturing Cos	1,664	463	1,200		1,672	373	1,299		27.9%	22.3%		0%	-8%
Utility Cos
NiSource	339	63	276		332	121	211		18.6%	36.4%		2%	31%
Vectren	70	6	64		87	32	55		8.6%	36.8%		-20%	16%
Total 2 Utility Cos	409	69	340		419	153	266		16.9%	36.5%		-2%	28%
Cos in all Other Sectors
KAR Auction Services	116	26	90		103	34	69		22.4%	33.0%		13%	30%
Allegion plc	86	14	72		82	13	69		16.3%	15.9%		5%	4%
Total 2 in all Other Sectors	202	40	162		185	47	138		19.8%	25.4%		9%	17%
Total 24 ..No Lilly&Anthem	3,475	670	2,804		3,169	665	2,504		19.3%	21.0%		10%	12%
Total all 26 Indiana Cos	6,696	1,362	5,333		4,745	1,342	3,403		20.3%	28.3%		41%	57%