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First, Zions Bancorp, Whose March 2018 Quarter Pretax Income (PTI) of $308 Mil Comprised 70% of That of All 26 Utah Companies Combined, Posted a March 2018 Quarter PTI Increase of $124 Mil, Up By a Blistering 67% From Its March 2017 Quarter. But From an Earnings Quality Perspective, Zions Bancorp Substantially Benefited From the US Fed Raising Short-Term Interest Rates With Its Net Interest Income Margin After Loan Loss Provision Increasing By $116 or By 94% of Its Total PTI Increase of $124 Mil ........................................................................................
And Second, PolarityTE Had Its Reported April 2017 Quarter Pretax Earnings Burdened By a Huge $105 Mil Earnings Charge Related to R&D Intellectual Property Acquired
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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 Utah 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 | ||||
| Utah 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 $ | ||||||||
| Zions Bancorp | 308 | 70 | 238 | 184 | 45 | 139 | 22.7% | 24.5% | 67% | 71% | |||
| Extra Space Storage | 97 | 1 | 96 | 93 | 3 | 90 | 1.0% | 3.2% | 4% | 7% | |||
| SkyWest | 67 | 13 | 54 | 53 | 18 | 35 | 19.4% | 34.0% | 26% | 54% | |||
| Nu Skin Enterprises | 60 | 25 | 35 | 42 | 14 | 28 | 41.7% | 33.3% | 43% | 25% | |||
| Usana Health Sciences | 44 | 15 | 29 | 33 | 12 | 21 | 34.1% | 36.4% | 33% | 38% | |||
| HealthEquity | 21 | (2) | 23 | 16 | 2 | 14 | -9.5% | 12.5% | 31% | 64% | |||
| Myriad Genetics | 16 | 5 | 11 | 8 | 4 | 4 | 31.3% | 50.0% | 100% | 175% | |||
| Varex Imaging | 16 | 4 | 12 | 22 | 7 | 15 | 25.0% | 31.8% | -27% | -20% | |||
| People's Utah Bancorp | 12 | 3 | 9 | 9 | 3 | 6 | 25.0% | 33.3% | 33% | 50% | |||
| Zagg Inc | 8 | 1 | 7 | (7) | (1) | (6) | 12.5% | 14.3% | 214% | 217% | |||
| Merit Medical System | 6 | 1 | 5 | 15 | 1 | 14 | 16.7% | 6.7% | -60% | -64% | |||
| Utah Medical Products | 5 | 1 | 4 | 5 | 1 | 4 | 20.0% | 20.0% | 0% | 0% | |||
| Profire Energy | 2 | - | 2 | 1 | - | 1 | 0.0% | 0.0% | 100% | 100% | |||
| Natures Sunshine Products | 2 | 2 | - | 3 | 1 | 2 | 100.0% | 33.3% | -33% | -100% | |||
| Control4 Corp | 1 | - | 1 | (2) | (3) | 1 | 0.0% | 150.0% | 150% | 0% | |||
| Clarus | - | - | - | (1) | - | (1) | NM | 0.0% | 100% | 100% | |||
| Park City Group | - | - | - | 1 | - | 1 | NM | 0.0% | -100% | -100% | |||
| Franklin Covey | (3) | - | (3) | (7) | (2) | (5) | 0.0% | 28.6% | 57% | 40% | |||
| Purple Innovation | (4) | - | (4) | (2) | - | (2) | 0.0% | 0.0% | -100% | -100% | |||
| Instructure | (12) | - | (12) | (12) | - | (12) | 0.0% | 0.0% | 0% | 0% | |||
| PolarityTE | (12) | - | (12) | (110) | - | (110) | 0.0% | 0.0% | 89% | 89% | |||
| Pluralsight | (23) | - | (23) | (10) | - | (10) | 0.0% | 0.0% | -130% | -130% | |||
| Vista Outdoor | (28) | (12) | (16) | 3 | 2 | 1 | 42.9% | 66.7% | -1033% | -1700% | |||
| Vivint Solar | (43) | 18 | (61) | (46) | 9 | (55) | -41.9% | -19.6% | 7% | -11% | |||
| Domo Inc | (45) | 1 | (46) | (48) | - | (48) | -2.2% | 0.0% | 6% | 4% | |||
| Overstock.com | (54) | - | (54) | (6) | - | (6) | 0.0% | 0.0% | -800% | -800% | |||
| Total 25 Cos..No Zions Banc | 133 | 76 | 57 | 53 | 71 | (18) | 57.1% | 134.0% | 151% | 417% | |||
| Total all 26 Utah Cos | 441 | 146 | 295 | 237 | 116 | 121 | 33.1% | 48.9% | 86% | 144% |
