The 19 Indiana Manufacturing Cos Generated March, April or May 2018 Quarter Total Pretax Income (PTI) of Only $1.664 Bil, Precisely Flat With Their 2017 Quarter Total PTI of $1.668 Bil
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The 17 Indiana Financial Cos Generated March, April or May 2018 Quarter Total Pretax Income (PTI) of Only $559 Mil, But Was Up 35% From 2017 Quarter Total PTI of $415 Mil .......................................................................................
The 6 Indiana Cos in All Other Sectors Generated March, April or May 2018 Quarter Total PTI Which Was Up a Very Modest 1% From Their 2017 Quarter Total PTI
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Eli 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
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Anthem Had March 2017 Quarter Pretax Earnings Charges of $254 Mil For Penn Treaty Assessment Costs and $100 Mil For Transaction Related Costs .......................................................................................
And Simon Property Group Posted a March 2018 Quarter Pretax Income Increase of $165 Mil, With Special Gains Comprising $135 Mil or 82% of This Increase
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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, April or May 2018 and 2017 Quarters for all US Companies including both Partnerships and REITs which are Headquartered in the US State of Indiana with March, April or May 2018 Quarter Ends, with stock market caps of at least $100 Mil recently and which have released their March, April or May 2018 Quarter Earnings by July 5, 2018.
| US GAAP | US GAAP | ||||||||||||
| Pretax | Net | ||||||||||||
| US GAAP | US GAAP | Income | Income | ||||||||||
| US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | US GAAP | Effective | Effective | Better | Better | ||||
| Pretax | Income | Net | Pretax | Income | Net | Income | Income | (Worse) | (Worse) | ||||
| Income | Tax | Income | Income | Tax | Income | Tax | Tax | % Change | % Change | ||||
| Indiana Company | (Loss) | Expense | (Loss) | (Loss) | Expense | (Loss) | Rate | Rate | March, | March, | |||
| Market Caps of $100 Mil+ | March, | March, | March, | March, | March, | March, | March, | March, | April or | April or | |||
| Releasing March, April or | April or | April or | April or | April or | April or | April or | April or | April or | May Qtr | May Qtr | |||
| May 2018 Quarter | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | May Qtr | 2018 | 2018 | |||
| Earnings By July 5, 2018 | 2018 | 2018 | 2018 | 2017 | 2017 | 2017 | 2018 | 2017 | vs 2017 | vs 2017 | |||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | ||||||||
Cos
With Large Unusual Items
|
|||||||||||||
| Anthem | 1,780 | 468 | 1,312 | 1,515 | 505 | 1,010 | 26.3% | 33.3% | 17% | 30% | |||
| Eli Lilly | 1,441 | 224 | 1,217 | 61 | 172 | (111) | 15.5% | 282.0% | 2262% | 1196% | |||
| Simon Property Group | 716 | - | 716 | 551 | - | 551 | 0.0% | 0.0% | 30% | 30% | |||
| 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% | |||
| Kimball Electronics | 13 | 2 | 11 | 10 | 2 | 8 | 15.4% | 20.0% | 30% | 38% | |||
| Kimball Intl | 9 | 3 | 6 | 11 | 4 | 7 | 33.3% | 36.4% | -18% | -14% | |||
| Hurco Cos | 5 | 1 | 4 | 5 | 1 | 4 | 20.0% | 20.0% | 0% | 0% | |||
| Escalade | 1 | - | 1 | 2 | 1 | 1 | 0.0% | 50.0% | -50% | 0% | |||
| Vera Bradley | (1) | - | (1) | (5) | (1) | (4) | 0.0% | 20.0% | 80% | 75% | |||
| Haynes Intl | (2) | - | (2) | (2) | - | (2) | 0.0% | 0.0% | 0% | 0% | |||
| Hillenbrand | (8) | 13 | (21) | 49 | 15 | 34 | -162.5% | 30.6% | -116% | -162% | |||
| Endocyte | (9) | - | (9) | (11) | - | (11) | 0.0% | 0.0% | 18% | 18% | |||
| Assembly Biosciences | (16) | - | (16) | (14) | - | (14) | 0.0% | 0.0% | -14% | -14% | |||
| Total all 19 Manufacturing Cos | 1,664 | 469 | 1,194 | 1,668 | 380 | 1,288 | 28.2% | 22.8% | 0% | -7% | |||
| Financial Cos | |||||||||||||
| 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% | |||
| Merchants Bancorp | 20 | 5 | 15 | 15 | 6 | 9 | 25.0% | 40.0% | 33% | 67% | |||
| Horizon Bancorp | 15 | 2 | 13 | 11 | 3 | 8 | 13.3% | 27.3% | 36% | 63% | |||
| German American Bancorp | 14 | 2 | 12 | 13 | 4 | 9 | 14.3% | 30.8% | 8% | 33% | |||
| First Financial Corp | 11 | 2 | 9 | 13 | 4 | 9 | 18.2% | 30.8% | -15% | 0% | |||
| First Internet Bancorp | 7 | 1 | 6 | 4 | 1 | 3 | 14.3% | 25.0% | 75% | 100% | |||
| MutualFirst Financial | 5 | 1 | 4 | 4 | 1 | 3 | 20.0% | 25.0% | 25% | 33% | |||
| First Capital | 2 | - | 2 | 2 | - | 2 | 0.0% | 0.0% | 0% | 0% | |||
| United Community Bancorp | 1 | - | 1 | 1 | - | 1 | 0.0% | 0.0% | 0% | 0% | |||
| Baldwin & Lyons | - | - | - | 10 | 3 | 7 | NM | 30.0% | -100% | -100% | |||
| Kite Realty Group Trust | (18) | - | (18) | - | - | - | 0.0% | NM | NM | NM | |||
| Total all 17 Financial Cos | 559 | 111 | 448 | 415 | 114 | 301 | 19.9% | 27.5% | 35% | 49% | |||
| All Other Sectors | |||||||||||||
| NiSource | 339 | 63 | 276 | 332 | 121 | 211 | 18.6% | 36.4% | 2% | 31% | |||
| 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% | |||
| Vectren | 70 | 6 | 64 | 87 | 32 | 55 | 8.6% | 36.8% | -20% | 16% | |||
| Shoe Carnival | 17 | 4 | 13 | 13 | 5 | 8 | 23.5% | 38.5% | 31% | 63% | |||
| CalumetSpecialtyProducts LP | (3) | - | (3) | 1 | - | 1 | 0.0% | 0.0% | -400% | -400% | |||
| Total 6 in All Other Sectors | 625 | 113 | 512 | 618 | 205 | 413 | 18.1% | 33.2% | 1% | 24% | |||
| Total all 42 Indiana Cos With | |||||||||||||
…..No Anthem
|
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…..No Eli Lilly and
|
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…..No Simon Property Group
|
2,848 | 693 | 2,154 | 2,701 | 699 | 2,002 | 24.3% | 25.9% | 5.4% | 8% | |||
| Total all 45 Indiana Cos | 6,785 | 1,385 | 5,399 | 4,828 | 1,376 | 3,452 | 20.4% | 28.5% | 40.5% | 56% | |||
