Due To a New FASB Pronouncement, Berkshire Hathaway (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 13 Nebraska Companies Excluding BH Generated March, April or May 2018 Quarter Total Pretax Income of $2.364 Bil, Up 4.5% From Their Prior Years Quarter Total PTI of $2.263 Bil
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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 Nebraska 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.
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US GAAP |
US GAAP |
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Pretax |
Net |
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US GAAP |
US GAAP |
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Income |
Income |
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US GAAP |
US GAAP |
US GAAP |
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US GAAP |
US GAAP |
US GAAP |
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Effective |
Effective |
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Better |
Better |
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Pretax |
Income |
Net |
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Pretax |
Income |
Net |
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Income |
Income |
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(Worse) |
(Worse) |
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Income |
Tax |
Income |
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Income |
Tax |
Income |
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Tax |
Tax |
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% Change |
% Change |
| Nebraska Company |
(Loss) |
Expense |
(Loss) |
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(Loss) |
Expense |
(Loss) |
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Rate |
Rate |
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March, |
March, |
| Market Caps of $100 Mil+ |
March, |
March, |
March, |
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March, |
March, |
March, |
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March, |
March, |
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April or |
April or |
| Releasing March, April or |
April or |
April or |
April or |
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April or |
April or |
April or |
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April or |
April or |
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May Qtr |
May Qtr |
| May 2018 Quarter |
May Qtr |
May Qtr |
May Qtr |
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May Qtr |
May Qtr |
May Qtr |
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May Qtr |
May Qtr |
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2018 |
2018 |
| Earnings By July 5, 2018 |
2018 |
2018 |
2018 |
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2017 |
2017 |
2017 |
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2018 |
2017 |
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vs 2017 |
vs 2017 |
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mils $ |
mils $ |
mils $ |
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mils $ |
mils $ |
mils $ |
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| Berkshire Hathaway (BH) |
(1,523) |
(452) |
(1,071) |
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5,688 |
1,549 |
4,139 |
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29.7% |
27.2% |
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-127% |
-126% |
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| Union Pacific Corp |
1,711 |
401 |
1,310 |
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1,688 |
616 |
1,072 |
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23.4% |
36.5% |
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1% |
22% |
| TD Ameritrade |
372 |
101 |
271 |
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344 |
130 |
214 |
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27.2% |
37.8% |
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8% |
27% |
| Nelnet |
149 |
36 |
113 |
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77 |
29 |
48 |
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24.2% |
37.7% |
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94% |
135% |
| Valmont Industries |
53 |
13 |
40 |
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55 |
15 |
40 |
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24.5% |
27.3% |
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-4% |
0% |
| Werner Enterprises |
35 |
7 |
28 |
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26 |
10 |
16 |
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20.0% |
38.5% |
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35% |
75% |
| Buckle |
25 |
7 |
18 |
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26 |
10 |
16 |
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28.0% |
38.5% |
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-4% |
13% |
| Lindsay Corp |
17 |
7 |
10 |
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16 |
5 |
11 |
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41.2% |
31.3% |
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6% |
-9% |
| Green Plains Partners LP |
13 |
- |
13 |
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15 |
- |
15 |
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0.0% |
0.0% |
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-13% |
-13% |
| National Research |
9 |
2 |
7 |
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10 |
3 |
7 |
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22.2% |
30.0% |
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-10% |
0% |
| America First Multifamily Inv |
6 |
- |
6 |
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10 |
3 |
7 |
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0.0% |
30.0% |
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-40% |
-14% |
| Condor Hospitality Trust |
1 |
- |
1 |
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(2) |
- |
(2) |
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0.0% |
0.0% |
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150% |
150% |
| Boston Omaha |
(2) |
- |
(2) |
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(1) |
- |
(1) |
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0.0% |
0.0% |
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-100% |
-100% |
| Green Plains |
(25) |
(6) |
(19) |
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(1) |
(3) |
2 |
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24.0% |
300.0% |
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-2400% |
-1050% |
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| Total 13..No BH |
2,364 |
568 |
1,796 |
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2,263 |
818 |
1,445 |
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24.0% |
36.1% |
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4.5% |
24% |
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| Total all 14 Nebraska Cos |
841 |
116 |
725 |
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7,951 |
2,367 |
5,584 |
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13.8% |
29.8% |
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-89% |
-87% |
