Sunday, July 15, 2018

The 30 Nevada Cos With March, April or May Quarter Ends (The First Full Quarter of the Trump Tax Cuts Act), With Market Caps of At Least $100 Mil and Which Have Released These 2018 Quarter Earnings By July 5, 2018 Generated March, April or May 2018 Quarter Total Pretax Income (PTI) of $1.176 Bil, Up 14.0% From Their Previous Year's Quarter Total PTI of $1.032 Bil .......................................................................................

But the Problem Is What Is the Profit Breakdown By Nevada Company and Where Is It Earned?

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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%