Wednesday, June 13, 2018

The 6 Rhode Island Companies With Market Caps of at Least $1 Bil Posted March or April 2018 Quarter Total Pretax Income (PTI) of $2.2 Bil, Down 2% From Their March or April 2017 Quarter Due Mainly To Hasbro's Weak Operating Results in the March 2018 Quarter ....................................................................................... March 2018 Quarter CVS Health's Reported PTI Decreased By $64 Mil From the March 2017 Quarter, But March 2018 Quarter PTI Was Burdened With a $231 Net Interest Earnings Charge on the Financing of the Proposed Acquisition of Aetna and Thus Absent That, CVS Health's Pretax Income Would Have Increased By $167 Mil or By 11% and the March or April 2018 Total PTI of All 6 Rhode Island Cos Would Have Increased By 9% Instead of the Reported Decrease of 2% ......................................................................................

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 Rhode Island 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
Rhode Island 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 $  
CVS Health        1,470           472           998        1,534           572           962 32.1% 37.3% -4% 4%
Citizens Financial Group           501           113           388           434           114           320 22.6% 26.3% 15% 21%
Textron           218             29           189           121             21           100 13.3% 17.4% 80% 89%
United Natural Foods             78             26             52             60             24             36 33.3% 40.0% 30% 44%
Washington Trust Bancorp             20               4             16             18               6             12 20.0% 33.3% 11% 33%
Hasbro            (88)             24          (112)             71               2             69 -27.3% 2.8% -224% -262%
Total all 6 Rhode Island Cos        2,199           668        1,531        2,238           739        1,499 30.4% 33.0% -2% 2%