Consistent With the Horrible 2018 Quarter Earnings of Health Care Companies in California and in Massachusetts, New Jersey's 23 Largest Health Care Companies Generated Total Pretax Income in the 2018 Quarter of $4.622 Bil, Which was a Sharp Decline of 23% From the $6.008 Bil Comparable Total PTI in the 2017 Quarter ........................................................................................
The 5 New Jersey Utility Cos Generated 2018 Quarter Total PTI Which Was Up an Off-the-Charts 855% From the 2017 Quarter
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And the 56 New Jersey Cos in All Other Sectors Generated 2018 Quarter Total PTI Which Was Up a Modest 3% From the 2017 Quarter
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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 New Jersey with March, April or May 2018 Quarter Ends, with stock market caps of at least $500 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 | ||||
| New Jersey Company | (Loss) | Expense | (Loss) | (Loss) | Expense | (Loss) | Rate | Rate | March, | March, | |||
| Market Caps of $500 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 $ | ||||||||
| Health Care Cos | |||||||||||||
| Johnson & Johnson | 5,481 | 1,114 | 4,367 | 5,575 | 1,153 | 4,422 | 20.3% | 20.7% | -2% | -1% | |||
| Merck | 1,345 | 604 | 741 | 2,003 | 447 | 1,556 | 44.9% | 22.3% | -33% | -52% | |||
| Celgene | 1,030 | 184 | 846 | 1,014 | 82 | 932 | 17.9% | 8.1% | 2% | -9% | |||
| Zoetis | 417 | 67 | 350 | 337 | 98 | 239 | 16.1% | 29.1% | 24% | 46% | |||
| Quest Diagnostics | 241 | 52 | 189 | 253 | 78 | 175 | 21.6% | 30.8% | -5% | 8% | |||
| Catalent | 33 | 14 | 19 | 35 | 9 | 26 | 42.4% | 25.7% | -6% | -27% | |||
| Cambrex | 30 | 6 | 24 | 27 | 6 | 21 | 20.0% | 22.2% | 11% | 14% | |||
| Cantel Medical | 26 | 7 | 19 | 27 | 9 | 18 | 26.9% | 33.3% | -4% | 6% | |||
| Phibro Animal Health | 24 | 4 | 20 | 27 | 3 | 24 | 16.7% | 11.1% | -11% | -17% | |||
| Integra Lifesciences Holdings | 9 | (2) | 11 | 5 | (2) | 7 | -22.2% | -40.0% | 80% | 57% | |||
| Becton Dickinson | 6 | 18 | (12) | 362 | 18 | 344 | 300.0% | 5.0% | -98% | -103% | |||
| Eagle Pharmaceuticals | 2 | (1) | 3 | 33 | 10 | 23 | -50.0% | 30.3% | -94% | -87% | |||
| ElectroCore | (9) | - | (9) | (6) | - | (6) | 0.0% | 0.0% | -50% | -50% | |||
| Pacira Pharmaceuticals | (11) | - | (11) | (20) | - | (20) | 0.0% | 0.0% | 45% | 45% | |||
| Tabula Rasa Health Care | (15) | 3 | (18) | (3) | - | (3) | -20.0% | 0.0% | -400% | -500% | |||
| PTC Therapeutics | (19) | - | (19) | (29) | - | (29) | 0.0% | 0.0% | 34% | 34% | |||
| Immunomedics | (36) | - | (36) | (59) | - | (59) | 0.0% | 0.0% | 39% | 39% | |||
| Myovant Sciences Ltd | (48) | - | (48) | (22) | - | (22) | 0.0% | 0.0% | -118% | -118% | |||
| Amicus Therapeutics | (51) | (1) | (50) | (55) | - | (55) | 2.0% | 0.0% | 7% | 9% | |||
| Insmed | (69) | - | (69) | (37) | - | (37) | 0.0% | 0.0% | -86% | -86% | |||
| Medicines Co | (104) | (19) | (85) | (71) | - | (71) | 18.3% | 0.0% | -46% | -20% | |||
| Allergan plc (1) | (966) | (682) | (284) | (3,093) | (532) | (2,561) | 70.6% | 17.2% | 69% | 89% | |||
| Valeant Pharmaceuticals (2) | (2,694) | (3) | (2,691) | (295) | (924) | 629 | 0.1% | 313.2% | -813% | -528% | |||
| Total 23 Health Care Cos | 4,622 | 1,365 | 3,257 | 6,008 | 455 | 5,553 | 29.5% | 7.6% | -23% | -41% | |||
| Utility Cos | |||||||||||||
| Public Service Enterprise | 760 | 202 | 558 | 143 | 29 | 114 | 26.6% | 20.3% | 431% | 389% | |||
| NRG Energy | 232 | (1) | 233 | (173) | (4) | (169) | -0.4% | 2.3% | 234% | 238% | |||
| American Water Works | 140 | 34 | 106 | 145 | 52 | 93 | 24.3% | 35.9% | -3% | 14% | |||
| Middlesex Water | 6 | 1 | 5 | 7 | 2 | 5 | 16.7% | 28.6% | -14% | 0% | |||
| NRG Yield | (1) | (1) | - | (3) | (1) | (2) | 100.0% | 33.3% | 67% | 100% | |||
| Total all 5 Utility Cos | 1,137 | 235 | 902 | 119 | 78 | 41 | 20.7% | 65.5% | 855% | 2100% | |||
| Cos in All Other Sectors | |||||||||||||
| Honeywell | 1,909 | 458 | 1,451 | 1,724 | 392 | 1,332 | 24.0% | 22.7% | 11% | 9% | |||
| Prudential Financial | 1,716 | 352 | 1,364 | 1,767 | 395 | 1,372 | 20.5% | 22.4% | -3% | -1% | |||
| Automatic Data Processing | 853 | 210 | 643 | 828 | 240 | 588 | 24.6% | 29.0% | 3% | 9% | |||
| Cognizant Technology | 697 | 177 | 520 | 649 | 92 | 557 | 25.4% | 14.2% | 7% | -7% | |||
| Everest Re Group Ltd | 218 | 7 | 211 | 338 | 47 | 291 | 3.2% | 13.9% | -36% | -27% | |||
| Valley National Bancorp | 208 | 11 | 197 | 162 | 3 | 159 | 5.3% | 1.9% | 28% | 24% | |||
| Church & Dwight | 201 | 43 | 158 | 190 | 59 | 131 | 21.4% | 31.1% | 6% | 21% | |||
| Covanta Holding | 192 | (9) | 201 | (63) | (11) | (52) | -4.7% | 17.5% | 405% | 487% | |||
| New Jersey Resources | 171 | 31 | 140 | 139 | 24 | 115 | 18.1% | 17.3% | 23% | 22% | |||
| Verisk Analytics | 162 | 29 | 133 | 161 | 52 | 109 | 17.9% | 32.3% | 1% | 22% | |||
| South Jersey Industries | 148 | 37 | 111 | 60 | 22 | 38 | 25.0% | 36.7% | 147% | 192% | |||
| CIT Group | 145 | 41 | 104 | 134 | 56 | 78 | 28.3% | 41.8% | 8% | 33% | |||
| Wyndham Worldwide | 121 | 40 | 81 | 153 | 26 | 127 | 33.1% | 17.0% | -21% | -36% | |||
| Suburban Propane Partners LP | 107 | - | 107 | 84 | - | 84 | 0.0% | 0.0% | 27% | 27% | |||
| Burlington Stores | 100 | 17 | 83 | 75 | 23 | 52 | 17.0% | 30.7% | 33% | 60% | |||
| Dun & Bradstreet | 82 | 16 | 66 | 26 | 8 | 18 | 19.5% | 30.8% | 215% | 267% | |||
| Investors Bancorp | 78 | 20 | 58 | 73 | 27 | 46 | 25.6% | 37.0% | 7% | 26% | |||
| Pinnacle Foods | 74 | 17 | 57 | 30 | 7 | 23 | 23.0% | 23.3% | 147% | 148% | |||
| John Wiley & Sons | 70 | 16 | 54 | 59 | 12 | 47 | 22.9% | 20.3% | 19% | 15% | |||
| Bed Bath & Beyond | 65 | 21 | 44 | 130 | 55 | 75 | 32.3% | 42.3% | -50% | -41% | |||
| PBF Energy | 53 | 11 | 42 | (39) | (19) | (20) | 20.8% | 48.7% | 236% | 310% | |||
| Mack-Cali Realty | 51 | - | 51 | 23 | - | 23 | 0.0% | 0.0% | 122% | 122% | |||
| Provident Financial Services | 34 | 6 | 28 | 32 | 8 | 24 | 17.6% | 25.0% | 6% | 17% | |||
| B&G Foods | 27 | 7 | 20 | 51 | 18 | 33 | 25.9% | 35.3% | -47% | -39% | |||
| J&J Snack Foods | 25 | 7 | 18 | 25 | 9 | 16 | 28.0% | 36.0% | 0% | 13% | |||
| PBF Logistics LP | 25 | - | 25 | 28 | - | 28 | 0.0% | 0.0% | -11% | -11% | |||
| Urban Edge Properties | 23 | - | 23 | 55 | - | 55 | 0.0% | 0.0% | -58% | -58% | |||
| Childrens Place | 23 | (9) | 32 | 42 | 6 | 36 | -39.1% | 14.3% | -45% | -11% | |||
| Selective Insurance Group | 20 | 1 | 19 | 67 | 17 | 50 | 5.0% | 25.4% | -70% | -62% | |||
| Lakeland Bancorp | 19 | 4 | 15 | 18 | 6 | 12 | 21.1% | 33.3% | 6% | 25% | |||
| Oritani Financial | 18 | 5 | 13 | 38 | 14 | 24 | 27.8% | 36.8% | -53% | -46% | |||
| Innophos Holdings | 16 | 5 | 11 | 15 | 4 | 11 | 31.3% | 26.7% | 7% | 0% | |||
| AdvanSix | 15 | 4 | 11 | 44 | 17 | 27 | 26.7% | 38.6% | -66% | -59% | |||
| Peapack Gladstone Financial | 14 | 3 | 11 | 12 | 4 | 8 | 21.4% | 33.3% | 17% | 38% | |||
| Alexander's Inc | 14 | - | 14 | 22 | - | 22 | 0.0% | 0.0% | -36% | -36% | |||
| Vonage Holdings | 14 | (10) | 24 | 1 | (5) | 6 | -71.4% | -500.0% | 1300% | 300% | |||
| Northfield Bancorp | 13 | 2 | 11 | 13 | 3 | 10 | 15.4% | 23.1% | 0% | 10% | |||
| Monmouth RE Investment Corp | 12 | - | 12 | 8 | - | 8 | 0.0% | 0.0% | 50% | 50% | |||
| Movado Group | 8 | - | 8 | (4) | - | (4) | 0.0% | 0.0% | 300% | 300% | |||
| OceanFirst Financial | 6 | 1 | 5 | 16 | 4 | 12 | 16.7% | 25.0% | -63% | -58% | |||
| Universal Display | 6 | - | 6 | 13 | 2 | 11 | 0.0% | 15.4% | -54% | -45% | |||
| Kearny Financial | 5 | 1 | 4 | 3 | 1 | 2 | 20.0% | 33.3% | 67% | 100% | |||
| Mistras Group | 5 | 2 | 3 | 2 | - | 2 | 40.0% | 0.0% | 150% | 50% | |||
| ConnectOne Bancorp | 4 | - | 4 | 17 | 5 | 12 | 0.0% | 29.4% | -76% | -67% | |||
| Newell Brands | 2 | (51) | 53 | 790 | 152 | 638 | -2550.0% | 19.2% | -100% | -92% | |||
| Essential Prop Realty Trust | 1 | - | 1 | 1 | - | 1 | 0.0% | 0.0% | 0% | 0% | |||
| Commvault Systems | 1 | 3 | (2) | (2) | (2) | - | 300.0% | 100.0% | 150% | NM | |||
| Hudson Ltd | (2) | (2) | - | (11) | (6) | (5) | 100.0% | 54.5% | 82% | 100% | |||
| Freshpet | (4) | - | (4) | (3) | - | (3) | 0.0% | 0.0% | -33% | -33% | |||
| ORBCOMM | (9) | 1 | (10) | (3) | - | (3) | -11.1% | 0.0% | -200% | -233% | |||
| UMH Properties | (22) | - | (22) | 2 | - | 2 | 0.0% | 0.0% | -1200% | -1200% | |||
| Ascena Retail Group | (51) | (11) | (40) | (1,338) | (307) | (1,031) | 21.6% | 22.9% | 96% | 96% | |||
| Conduent | (54) | (4) | (50) | (22) | (12) | (10) | 7.4% | 54.5% | -145% | -400% | |||
| Realogy Holdings | (86) | (19) | (67) | (37) | (9) | (28) | 22.1% | 24.3% | -132% | -139% | |||
| Avis Budget Group | (129) | (42) | (87) | (165) | (58) | (107) | 32.6% | 35.2% | 22% | 19% | |||
| Campbell Soup | (517) | (124) | (393) | 270 | 94 | 176 | 24.0% | 34.8% | -291% | -323% | |||
| Total 56 in Other Sectors | 6,897 | 1,325 | 5,572 | 6,703 | 1,475 | 5,228 | 19.2% | 22.0% | 3% | 7% | |||
| Total all 84 New Jersey Cos | 12,656 | 2,925 | 9,731 | 12,830 | 2,008 | 10,822 | 23.1% | 15.7% | -1.4% | -10% |
(1) Allergan plc's legal HQs is in Ireland but its Administrative Office is in Madison, New Jersey.
(2) Valeant Pharmaceutical's legal HQs is in Quebec, Canada. It has an Administrative Office in Bridgewater, New Jersey. 60% of its Total Revenues and 43% of its Property, Plant and Equipment are in the US and Puerto Rico.
(2) Valeant Pharmaceutical's legal HQs is in Quebec, Canada. It has an Administrative Office in Bridgewater, New Jersey. 60% of its Total Revenues and 43% of its Property, Plant and Equipment are in the US and Puerto Rico.
