The National Indivisible Organization has endorsed Progressive Democratic candidate William Tanoos, who is running for Indiana 8th District House seat which is currently held by Republican incumbent Larry Bucshon.
Bucshon has been in this office from 2011 to now.
During this seven-year period (2011-2017) where fiscal year end December Indiana Headquartered Companies have filed their audited annual reports with the US SEC, there were 23 Indiana Companies which filed financial statements both for the December year 2008 and also consecutively through the most recent year ended December 2017 and which also had stock market caps of above $1 bil recently.
Nearly all Republicans, a high percentage of Independents and even many perceptive Democrats all agree as a starting point that for US capitalism to work properly, Companies must generate in the aggregate reasonably healthy profits.
The problem here is that Indiana Companies in the aggregate have not generated reasonably healthy profits in the past seven years.
These 23 Indiana Cos posted Audited Gold-Plated US GAAP Total Pretax Income From Continuing Operations of $16.010 Bil in the Annual Year Ended December 2017, which is down 4.4% from their comparable total earnings of $16.744 Bil in the Annual Year Ended 2010. This covers Bucshon's first seven annual years in office.
The US financial meltdown just crushed Indiana, just like it did many other US States. For the Annual Year Ended December 2008, these 23 Indiana Companies Posted Audited Gold-Plated US GAAP Total Pretax Income From Continuing Operations of only $4.863 Bil.
But then the comparable Total Pretax Earnings of these same 23 Indiana Cos just soared like a rocket in 2009, up by an off-the-charts 184%, increasing from $4.863 Bil in Annual 2008 to $13.816 Bil in Annual 2009.
And in Annual 2010, these same Total Earnings increased by another 21% to $16.744 Bil.
So who held this key 8th District seat when these Indiana Companies earnings expanded so incredibly high in the two years 2009 and 2010? Democrat Brad Ellsworth.
From SEC filings, the below chart shows the Audited US GAAP Pretax Income (Loss) From Continuing Operations for each of these 23 fine Indiana Companies for the most recent three years (2017, 2016 and 2015) and also for the 2008 US Meltdown Year and the Two Recovery Years of 2009 and 2010:
| 2017 | 2016 | 2015 | 2010 | 2009 | 2008 | |||||
| Audited | Audited | Audited | Audited | Audited | Audited | |||||
| Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | |||||
| Income | Income | Income | Income | Income | Income | |||||
| (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | |||||
| Indiana Companies | From | From | From | From | From | From | ||||
| With December Year Ends | Most | Continuing | Continuing | Continuing | Continuing | Continuing | Continuing | |||
| Stock Market Caps > $1 Bil | Recent | Operations | Operations | Operations | Operations | Operations | Operations | |||
| FYE | $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | ||||
| Anthem | Indianapolis | IN | Dec 17 | 3,964 | 4,555 | 4,631 | 4,354 | 7,403 | 3,122 | |
| Cummins | Columbus | IN | Dec 17 | 2,365 | 1,930 | 2,025 | 1,617 | 640 | 1,178 | |
| Simon Property Group | Indianapolis | IN | Dec 17 | 2,245 | 2,135 | 2,139 | 754 | 387 | 600 | |
| Eli Lilly | Indianapolis | IN | Dec 17 | 2,197 | 3,374 | 2,790 | 6,525 | 5,358 | (1,308) | |
| Steel Dynamics | Fort Wayne | IN | Dec 17 | 935 | 564 | (242) | 213 | (18) | 735 | |
| Allison Transmission | Indianapolis | IN | Dec 17 | 527 | 341 | 289 | 83 | (283) | (291) | |
| CNO Financial Group | Carmel | IN | Dec 17 | 481 | 353 | 368 | 294 | 174 | 4 | |
| Zimmer Biomet Holdings | Warsaw | IN | Dec 17 | 465 | 400 | 153 | 860 | 998 | 1,122 | |
| NiSource | Merrillville | IN | Dec 17 | 443 | 510 | 340 | 436 | 396 | 557 | |
| OneMain Holdings | Evansville | IN | Dec 17 | 431 | 356 | (226) | 1,202 | (1,074) | (951) | |
| KAR Auction Services | Carmel | IN | Dec 17 | 398 | 355 | 341 | 97 | 34 | (248) | |
| Duke Realty Corp | Indianapolis | IN | Dec 17 | 290 | 298 | 184 | 28 | (260) | 79 | |
| Vectren | Evansville | IN | Dec 17 | 262 | 325 | 297 | 208 | 197 | 205 | |
| LCI Industries | Elkhart | IN | Dec 17 | 213 | 199 | 114 | 45 | (36) | 19 | |
| Old National Bancorp | Evansville | IN | Dec 17 | 169 | 200 | 163 | 43 | (7) | 62 | |
| First Merchants Corp | Muncie | IN | Dec 17 | 134 | 109 | 91 | 3 | (69) | 29 | |
| Wabash National Corp | Lafayette | IN | Dec 17 | 123 | 185 | 163 | (142) | (105) | (109) | |
| Patrick Industries Inc | Elkhart | IN | Dec 17 | 113 | 84 | 66 | 1 | (6) | (77) | |
| Franklin Electric Co | Fort Wayne | IN | Dec 17 | 105 | 104 | 86 | 55 | 39 | 68 | |
| 1st Source Corp | South Bend | IN | Dec 17 | 101 | 89 | 89 | 60 | 32 | 46 | |
| Lakeland Financial Corp | Warsaw | IN | Dec 17 | 90 | 77 | 69 | 37 | 28 | 29 | |
| Kite Realty Trust | Indianapolis | IN | Dec 17 | 14 | 3 | 29 | (9) | 5 | 10 | |
| Endocyte | Lafayette | IN | Dec 17 | (55) | (44) | (41) | (20) | (17) | (18) | |
| Total all 23 Indiana Cos | 16,010 | 16,502 | 13,918 | 16,744 | 13,816 | 4,863 | ||||
| % Change vs Prior Year | -3.0% | 18.6% | 21.2% | 184.1% | ||||||
| % Change 2017 vs 2010 | -4.4% | |||||||||
| % Change 2010 vs 2008 | 244.3% |
There are only 3 additional Indiana Cos meeting the above criteria except that they have other than a December fiscal year end: Berry Plastics Group which has a very strong earnings trend, Thor Industries which has a strong earnings trend and Hillenbrand.
It will be interesting to see how the After-Tax Net Income numbers come out for these 23 Indiana Cos. My hunch is that they will be even more pronounced than the above Pretax Income trend.
Also, there will be other US States whose Cos will have similar total earnings trends to that of the above total earnings trend of these 23 Indiana Cos.
