Sunday, July 15, 2018

The 38 Arizona Companies, Excluding International Mining Cos Freeport McMoran and Southern Copper, 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 $1.518 Bil, Up a Very Robust 19.1% From Their 2017 Quarter Total PTI of $1.275 Bil .......................................................................................

Mining Co Freeport McMoran Generated a Pretax Income Increase of US$892 Mil in the March 2018 Quarter Over the March 2017 Quarter.  Of this $892 Mil Pretax Income Increase, a Huge 88% of it, or $781 Mil, Was Due To Its Operations in Indonesia.

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Mining Co Southern Copper is 88.9% owned by the Mexican Company Grupo Mexico.  All of its mining and refining operations are located in Peru and Mexico.

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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 Arizona 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
Arizona 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 $
Mining Cos
Freeport McMoran        1,334           506           828           442           174           268 37.9% 39.4% 202% 209%
Southern Copper           709           237           472           491           176           315 33.4% 35.8% 44% 50%
Total Both Mining Cos        2,043           743        1,300           933           350           583 36.4% 37.5% 119% 123%
Non-Mining Cos
Republic Services           311             73           238           296           108           188 23.5% 36.5% 5% 27%
Microchip Technology           188             41           147             72            (65)           137 21.8% -90.3% 161% 7%
ON Semiconductor           157             16           141           115             36             79 10.2% 31.3% 37% 78%
Western Alliance Bancorp           122             21           101             98             25             73 17.2% 25.5% 24% 38%
First Solar             95             12             83             15               6               9 12.6% 40.0% 533% 822%
Grand Canyon Education             91             17             74             76             20             56 18.7% 26.3% 20% 32%
Knight-Swift Transportation             90             19             71             23               8             15 21.1% 34.8% 291% 373%
Carlisle Cos             78             20             58             84             26             58 25.6% 31.0% -7% 0%
Versum Materials             77             14             63             58             11             47 18.2% 19.0% 33% 34%
Sprouts Farmers Market             74               7             67             68             22             46 9.5% 32.4% 9% 46%
Taylor Morrison Home             59             12             47             55             19             36 20.3% 34.5% 7% 31%
Cable One             51             10             41             51             19             32 19.6% 37.3% 0% 28%
STORE Capital Corp             50              -               50             31              -               31 0.0% 0.0% 61% 61%
Meritage Homes             49               5             44             37             13             24 10.2% 35.1% 32% 83%
Insight Enterprises             44             11             33             19               5             14 25.0% 26.3% 132% 136%
Rogers Corp             31               5             26             40             13             27 16.1% 32.5% -23% -4%
Cavco Industries             31               9             22             17               6             11 29.0% 35.3% 82% 100%
VEREIT             30               1             29             15               3             12 3.3% 20.0% 100% 142%
Mobile Mini             20               5             15             15               5             10 25.0% 33.3% 33% 50%
Benchmark Electronics             17             41            (24)             10               1               9 241.2% 10.0% 70% -367%
Axon Enterprises             15               2             13               6               1               5 13.3% 16.7% 150% 160%
Amkor Technology             13               3             10            (15)              (1)            (14) 23.1% 6.7% 187% 171%
Magellan Health             11              -               11             29             12             17 0.0% 41.4% -62% -35%
TPI Composites             11               2               9               7               2               5 18.2% 28.6% 57% 80%
Healthcare Trust of America             10              -               10             14              -               14 0.0% 0.0% -29% -29%
Pinnacle West Capital               7              (1)               8             32               4             28 -14.3% 12.5% -78% -71%
GoDaddy               4              -                 4              (2)               1              (3) 0.0% -50.0% 300% 233%
Limelight Networks              -                -                -                (3)              -                (3) NM 0.0% 100% 100%
Global Water Resources              -                -                -                -                -                -   NM NM NM NM
The Joint Corp              -                -                -                (2)              -                (2) NM 0.0% 100% 100%
Everspin Technologies              (1)              -                (1)              (6)              -                (6) 0.0% 0.0% 83% 83%
A V Homes              (3)              (1)              (2)               4               2               2 33.3% 50.0% -175% -200%
Viad            (16)              (5)            (11)             10               3               7 31.3% 30.0% -260% -257%
Insys Therapeutics            (20)              -              (20)            (12)              (5)              (7) 0.0% 41.7% -67% -186%
Accelerate Diagnostics            (21)              -              (21)            (14)              -              (14) 0.0% 0.0% -50% -50%
NuverraEnvironmentalSolutns            (32)              -              (32)            (36)              -              (36) 0.0% 0.0% 11% 11%
Carvana            (53)              -              (53)            (38)              -              (38) 0.0% 0.0% 39% 39%
Avnet            (72)           244          (316)           106             16             90 -338.9% 15.1% -168% -451%
Total all 38 Non-Mining Cos        1,518           583           935        1,275           316           959 38.4% 24.8% 19.1% -3%
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