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Las Vegas Sands Corp, Which Generated 89% of Its Worldwide Adjusted Property EBITDA in Macao, China and in Singapore in Its March 2018 Quarter, Posted March 2018 Quarter Pretax Income of $1.045 Bil, Up a Blistering 61% From the March 2017 Quarter's $648 Mil and, Granted a Double Dose of Trump Tax Cuts, Also Posted March 2018 Quarter After-Tax Net Income of an Even Substantially Higher $1.616 Bil, Up an Even More Blistering 179% From Its March 2017 Quarter's $579 Mil
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On the Other Hand, the 29 Nevada Cos Other Than Las Vegas Sands Corp Generated March, April or May 2018 Quarter Total Pretax Income of a Meager $131 Mil, Down 66% From That in Their Comparable 2017 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, April or May 2018 and 2017 Quarters for all US Companies including both Partnerships and REITs which are Headquartered in the US State of Nevada 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 | ||||
Nevada 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 $ | ||||||||
Las Vegas Sands | 1,045 | (571) | 1,616 | 648 | 69 | 579 | -54.6% | 10.6% | 61% | 179% | |||
MGM Resorts Intl | 181 | (85) | 266 | 315 | 62 | 253 | -47.0% | 19.7% | -43% | 5% | |||
Southwest Gas Holdings | 102 | 24 | 78 | 105 | 36 | 69 | 23.5% | 34.3% | -3% | 13% | |||
Red Rock Resorts | 93 | 11 | 82 | 56 | 11 | 45 | 11.8% | 19.6% | 66% | 82% | |||
Allegiant Travel | 69 | 14 | 55 | 67 | 25 | 42 | 20.3% | 37.3% | 3% | 31% | |||
MGM Growth Properties LLC | 59 | 1 | 58 | 48 | 1 | 47 | 1.7% | 2.1% | 23% | 23% | |||
Boyd Gaming | 51 | 10 | 41 | 51 | 16 | 35 | 19.6% | 31.4% | 0% | 17% | |||
Ormat Technologies | 47 | (27) | 74 | 51 | 11 | 40 | -57.4% | 21.6% | -8% | 85% | |||
Employers Holdings | 29 | 4 | 25 | 29 | 6 | 23 | 13.8% | 20.7% | 0% | 9% | |||
Eldorado Resorts | 23 | 2 | 21 | 1 | - | 1 | 8.7% | 0.0% | 2200% | 2000% | |||
Pinnacle Entertainment | 23 | 1 | 22 | 17 | - | 17 | 4.3% | 0.0% | 35% | 29% | |||
Monarch Casino & Resort | 9 | 2 | 7 | 8 | 3 | 5 | 22.2% | 37.5% | 13% | 40% | |||
Golden Entertainment | 5 | 1 | 4 | 3 | (2) | 5 | 20.0% | -66.7% | 67% | -20% | |||
Switch | 4 | - | 4 | 20 | - | 20 | 0.0% | 0.0% | -80% | -80% | |||
Everi Holdings | 4 | (1) | 5 | (3) | 1 | (4) | -25.0% | -33.3% | 233% | 225% | |||
Rimini Street | 4 | - | 4 | (14) | - | (14) | 0.0% | 0.0% | 129% | 129% | |||
PDL BioPharma | 3 | 1 | 2 | 14 | 7 | 7 | 33.3% | 50.0% | -79% | -71% | |||
SendGrid | (1) | - | (1) | (2) | - | (2) | 0.0% | 0.0% | 50% | 50% | |||
Tahoe Resources | (2) | 5 | (7) | 86 | 11 | 75 | -250.0% | 12.8% | -102% | -109% | |||
PICO Holdings | (3) | - | (3) | 9 | 9 | 0.0% | 0.0% | -133% | -133% | ||||
Intl Game Technology plc | (4) | 61 | (65) | (37) | (10) | (27) | -1525.0% | 27.0% | 89% | -141% | |||
VirnetX Holding | (8) | - | (8) | (4) | - | (4) | 0.0% | 0.0% | -100% | -100% | |||
Cannae Holdings | (10) | (4) | (6) | (6) | (2) | (4) | 40.0% | 33.3% | -67% | -50% | |||
Remark Holdings | (14) | - | (14) | - | - | - | 0.0% | NM | NM | NM | |||
Spectrum Pharmaceuticals | (16) | - | (16) | (24) | - | (24) | 0.0% | 0.0% | 33% | 33% | |||
Caesars Entertainment | (21) | 13 | (34) | (461) | 47 | (508) | -61.9% | -10.2% | 95% | 93% | |||
PlayAGS | (22) | (12) | (10) | (10) | 2 | (12) | 54.5% | -20.0% | -120% | 17% | |||
Amerco | (30) | (41) | 11 | 14 | 4 | 10 | 136.7% | 28.6% | -314% | 10% | |||
Scientific Games | (196) | 6 | (202) | (84) | 17 | (101) | -3.1% | -20.2% | -133% | -100% | |||
Wynn Resorts Ltd | (248) | (111) | (137) | 135 | 3 | 132 | 44.8% | 2.2% | -284% | -204% | |||
Total 29 Cos…NoLasVegasSands | 131 | (125) | 256 | 384 | 249 | 135 | -95.4% | 64.8% | -66% | 90% | |||
Total all 30 Nevada Cos | 1,176 | (696) | 1,872 | 1,032 | 318 | 714 | -59.2% | 30.8% | 14.0% | 162% |