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Cos in Both Texas and Nebraska Generated June 2018 Quarter Total PTI Increases of More Than 100% Over That in the June 2017 Quarter
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The 313 Cos in the 13 US States With Total PTI Above $10 Bil Posted a June 2018 Quarter Total PTI Increase of a Blistering 21.3% Over That in Their June 2017 Quarter
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On the Other Hand, the 138 Cos in the 24 US States With Total PTI Below $10 Bil Posted a June 2018 Quarter Total PTI Decrease of 1.9% From That in Their June 2017 Quarter
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From a review of SEC filings, the below chart shows the Total US State US GAAP Pretax Income (Loss) From Continuing Operations for the June 2018 and the June 2017 Quarters for Companies in Each US State with June Quarter Ends, with Stock Market Caps Above $10 Bil and which have reported their June 2018 Quarter Earnings By August 10, 2018.
My Focus in on Pretax Income Rather Than After-Tax Net Income Because the Lower Effective Income Tax Rate in 2018 is Simply a Transfer of Financial Wealth From the US Federal Government to US Corporations. It Has Nothing Whatsoever to do with Company Performance.
My Focus in on Pretax Income Rather Than After-Tax Net Income Because the Lower Effective Income Tax Rate in 2018 is Simply a Transfer of Financial Wealth From the US Federal Government to US Corporations. It Has Nothing Whatsoever to do with Company Performance.
| US | US | |||
| GAAP | GAAP | |||
| Total | Total | |||
| Pretax | Pretax | |||
| Income | Income | % | ||
| (Loss) | (Loss) | Change | ||
| # of | June Qtr | June Qtr | Better | |
| Cos | 2018 | 2017 | (Worse) | |
| mils $ | mils $ | |||
| 13 US States With Total PTI Above $10 Bil | ||||
| US States More Than Doubling Their Total PTI | ||||
| 49 | TX | 36,960 | 18,252 | 102.5% |
| 3 | NE (Predominately Berkshire Hathaway) | 17,639 | 8,371 | 110.7% |
| 52 | Total TX and NE | 54,599 | 26,623 | 105.1% |
| Big 2 US States | ||||
| 57 | NY | 68,230 | 63,421 | 7.6% |
| 60 | CA | 62,174 | 58,360 | 6.5% |
| 117 | Total Big 2 US States | 130,404 | 121,781 | 7.1% |
| Other 9 US States With Total PTI > $10 Bil | ||||
| 10 | WA | 19,603 | 14,224 | 37.8% |
| 29 | IL | 16,834 | 14,828 | 13.5% |
| 17 | NJ | 13,312 | 11,634 | 14.4% |
| 11 | NC | 13,071 | 12,075 | 8.2% |
| 20 | PA | 11,635 | 11,446 | 1.7% |
| 11 | MN | 11,016 | 10,126 | 8.8% |
| 16 | CT | 10,844 | 8,484 | 27.8% |
| 16 | GA | 10,654 | 9,150 | 16.4% |
| 14 | VA | 10,375 | 8,929 | 16.2% |
| 144 | Total Other States With PTI > $10 Bil | 117,344 | 100,896 | 16.3% |
| 313 | Total all 13 States With Cos With PTI > $10 Bil | 302,347 | 249,300 | 21.3% |
| 24 US States With Total PTI Below $10 Bil | ||||
| 16 | MI | 9,988 | 10,353 | -3.5% |
| 19 | OH | 9,468 | 9,703 | -2.4% |
| 18 | MA | 7,120 | 6,785 | 4.9% |
| 13 | FL | 4,675 | 4,297 | 8.8% |
| 8 | MO | 3,834 | 3,849 | -0.4% |
| 6 | IN | 3,548 | 3,938 | -9.9% |
| 5 | MD | 3,440 | 3,390 | 1.5% |
| 8 | CO | 2,807 | 1,039 | 170.2% |
| 5 | TN | 2,506 | 1,929 | 29.9% |
| 4 | AZ | 1,924 | 1,030 | 86.8% |
| 5 | WI | 1,913 | 1,767 | 8.3% |
| 6 | OK | 1,188 | 1,149 | 3.4% |
| 3 | NV | 1,117 | 1,141 | -2.1% |
| 2 | AR | 928 | 773 | 20.1% |
| 2 | DC | 881 | 671 | 31.3% |
| 2 | IA | 784 | 587 | 33.6% |
| 2 | AL | 667 | 606 | 10.1% |
| 2 | KS | 456 | 732 | -37.7% |
| 2 | KY | 376 | 1,353 | -72.2% |
| 2 | UT | 358 | 345 | 3.8% |
| 2 | LA | 205 | 116 | 76.7% |
| 1 | ME | 137 | 115 | 19.1% |
| 1 | DE | 54 | (9) | 700.0% |
| 4 | RI | (1,188) | 2,627 | -145.2% |
| 138 | Total all 24 States With Cos With PTI < $10 Bil | 57,186 | 58,286 | -1.9% |
| 451 | Totals all 37 US States | 359,533 | 307,586 | 16.9% |
