Thursday, June 14, 2018

Nebraska Companies March 2018 Quarter Earnings ..... Berkshire Hathaway (BH) Got Isolated Out Because of a New FASB, Which Requires Equity Investments To Be Market to Market Value at Each Quarter End With the Market Value Change Reflected in Regular Net Income and BH Recorded a Total March 2018 Quarter After-Tax Earnings Charge of $6.2 Bil For the Decline in the Market Values of BH's Investments in its Equity Securities ........................................................................................ The 6 Nebraska Companies Excluding BH Generated March or April 2018 Quarter Total Pretax Income of $2.3 Bil, Up 6% From Their Prior Years 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 Nebraska 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 12, 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 US US US
US US US US US US  GAAP   GAAP   GAAP   GAAP 
 GAAP   GAAP   GAAP   GAAP   GAAP   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
Nebraska 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 12, 2018 2018 2018 2018 2017 2017 2017 2018 2017 vs 2017 vs 2017
mils $ mils $ mils $ mils $ mils $ mils $
Berkshire Hathaway       (1,523)          (452)       (1,071)        5,688        1,549        4,139 29.7% 27.2% -127% -126%
All But Berkshire Hathaway
Union Pacific Corp        1,711           401        1,310        1,688           616        1,072 23.4% 36.5% 1% 22%
TD Ameritrade           372           101           271           344           130           214 27.2% 37.8% 8% 27%
Nelnet           149             36           113             77             29             48 24.2% 37.7% 94% 135%
Valmont Industries             53             13             40             55             15             40 24.5% 27.3% -4% 0%
Werner Enterprises             35               7             28             26             10             16 20.0% 38.5% 35% 75%
Buckle             25               7             18             26             10             16 28.0% 38.5% -4% 13%
Total all 6…No BH        2,345           565        1,780        2,216           810        1,406 24.1% 36.6% 6% 27%
Total all 7 Nebraska Cos           822           113           709        7,904        2,359        5,545 13.7% 29.8% -90% -87%