From a review of SEC filings, there are 48 Indiana headquartered Companies with stock market caps above $100 mil which have filed their annual audited financial statements consecutively from Fiscal Year End (FYE) 2007 through FYE 2017.
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.
And did these Indiana
Companies ever end up getting pretty healthy profits while Joe Donnelly served
in the US Congress.
In 2007, his first
year serving in the US House, these 48 Indiana Companies posted Audited Gold-Standard
US GAAP Total After-Tax Net Income From Continuing Operations of $10.361 Bil.
Then the disastrous US Meltdown hit in 2008 and these same
Total Earnings plummeted to $1.609 Bil in 2008, a decline of $8.752 Bil or by
84%.
Remarkably, in 2009, these fine Indiana Companies
recovered 98% of the $8,752 Bil they lost in 2008, posting comparable Total
Earnings of $10.155 Bil in 2009, an increase of $8.546 Bil or rocketing up 531%
from the $1.609 Bil registered in 2008.
And updating this information to FYE 2017, these 48 Indiana
Companies posted comparable Total Net Earnings of $13.198 Bil in 2017, which
was an increase of an off-the-charts 720% from their 2008 Total Net Earnings of
$1.609 Bil.
From a review of SEC
filings, the chart below shows the Audited Gold-Standard US GAAP After-Tax Net
Income (Loss) From Continuing Operations for the Fiscal Years Ended 2017, 2009,
2008 and 2007 for these 48 Indiana Companies scattered all over the State.
| 2017 | 2009 | 2008 | 2007 | ||||
| Audited | Audited | Audited | Audited | ||||
| After-Tax | After-Tax | After-Tax | After-Tax | ||||
| Net | Net | Net | Net | ||||
| Indiana Companies | Income | Income | Income | Income | |||
| Reporting Their Financial Statements | (Loss) | (Loss) | (Loss) | (Loss) | |||
| To the US SEC In All Years | From | From | From | From | |||
| Joe Donnelley Served in the US Congress | 2017 | Continuing | Continuing | Continuing | Continuing | ||
| Stock Market Caps Above $100 Mil | FYE | Operations | Operations | Operations | Operations | ||
| $ mils | $ mils | $ mils | $ mils | ||||
| Anthem | Indianapolis | IN | Dec 17 | 3,843 | 4,746 | 2,491 | 3,345 |
| Cummins | Columbus | IN | Dec 17 | 994 | 484 | 818 | 788 |
| Simon Property Group | Indianapolis | IN | Dec 17 | 2,245 | 387 | 600 | 675 |
| Zimmer Biomet Holdings | Warsaw | IN | Dec 17 | 1,813 | 717 | 850 | 774 |
| Steel Dynamics | Fort Wayne | IN | Dec 17 | 806 | (11) | 455 | 394 |
| Allison Transmission Holdings | Indianapolis | IN | Dec 17 | 504 | (324) | (328) | 42 |
| Thor Industries Inc | Elkhart | IN | Jul 17 | 374 | 17 | 93 | 135 |
| KAR Auction Services | Carmel | IN | Dec 17 | 362 | 23 | (216) | (38) |
| Berry Plastics Group | Evansville | IN | Sep 17 | 340 | 156 | (138) | (128) |
| Duke Realty Corp | Indianapolis | IN | Dec 17 | 291 | (277) | 92 | 164 |
| Vectren | Evansville | IN | Dec 17 | 216 | 133 | 129 | 143 |
| OneMain Holdings | Evansville | IN | Dec 17 | 183 | (642) | (1,346) | 112 |
| CNO Financial Group | Carmel | IN | Dec 17 | 176 | 86 | (410) | (79) |
| LCI Industries | Elkhart | IN | Dec 17 | 133 | (24) | 12 | 40 |
| NiSource | Merrillville | IN | Dec 17 | 129 | 231 | 371 | 303 |
| Hillenbrand Inc | Batesville | IN | Sep 17 | 128 | 102 | 93 | 100 |
| Wabash National Corp | Lafayette | IN | Dec 17 | 111 | (102) | (126) | 16 |
| Old National Bancorp | Evansville | IN | Dec 17 | 96 | 14 | 62 | 75 |
| First Merchants Corp | Muncie | IN | Dec 17 | 96 | (41) | 21 | 32 |
| Patrick Industries Inc | Elkhart | IN | Dec 17 | 86 | (5) | (67) | (6) |
| Franklin Electric Co | Fort Wayne | IN | Dec 17 | 79 | 27 | 45 | 29 |
| 1st Source Corp | South Bend | IN | Dec 17 | 68 | 25 | 33 | 31 |
| Lakeland Financial Corp | Warsaw | IN | Dec 17 | 57 | 19 | 20 | 19 |
| MainSource Financial Group Inc | Greensburg | IN | Dec 17 | 49 | (64) | 19 | 22 |
| German American Bancorp Inc | Jasper | IN | Dec 17 | 41 | 12 | 13 | 9 |
| Kimball Intl Inc | Jasper | IN | Jun 17 | 38 | 17 | 0 | 23 |
| Finish Line | Indianapolis | IN | Feb 17 | 35 | 4 | (49) | 40 |
| Kimball Electronics Inc | Jasper | IN | Jun 17 | 34 | |||
| Horizon Bancorp | Michigan City | IN | Dec 17 | 33 | 9 | 9 | 8 |
| First Financial Corp | Terre Haute | IN | Dec 17 | 29 | 23 | 25 | 26 |
| Shoe Carnival | Evansville | IN | Jan 18 | 19 | 15 | 5 | 13 |
| Protective Insurance | Carmel | IN | Dec 17 | 18 | 45 | (8) | 55 |
| First Internet Bancorp | Fishers | IN | Dec 17 | 15 | (2) | 2 | 3 |
| Hurco Companies Inc | Indianapolis | IN | Oct 17 | 15 | (2) | 23 | 21 |
| Escalade Inc | Evansville | IN | Dec 17 | 14 | 2 | (7) | 9 |
| Kite Realty Trust | Indianapolis | IN | Dec 17 | 14 | 5 | 10 | 14 |
| Cardinal Ethanol LLC | Union City | IN | Sep 17 | 13 | (1) | (1) | 2 |
| MutualFirst Financial Inc | Muncie | IN | Dec 17 | 12 | 3 | (22) | 4 |
| First Savings Financial Group | Clarksville | IN | Sep 17 | 9 | 0 | (0) | 1 |
| Northwest Indiana Bancorp | Munster | IN | Dec 17 | 9 | 2 | 6 | 6 |
| Vera Bradley | Roanoke | IN | Jan 18 | 7 | 43 | 24 | 50 |
| First Capital Inc | Corydon | IN | Dec 17 | 7 | 1 | 4 | 3 |
| Skyline Champion Corp | Elkhart | IN | May 17 | 0 | (15) | (6) | 3 |
| Haynes Intl Inc | Kokomo | IN | Sep 17 | (10) | (52) | 63 | 66 |
| Calumet Speciality Products Partners LP | Indianapolis | IN | Dec 17 | (31) | 62 | 44 | 83 |
| Assembly Biosciences | Carmel | IN | Dec 17 | (43) | (5) | (9) | (5) |
| Endocyte | Lafayette | IN | Dec 17 | (55) | (17) | (18) | (14) |
| Eli Lilly | Indianapolis | IN | Dec 17 | (204) | 4,329 | (2,072) | 2,953 |
| Total all 48 Indiana Cos | 13,198 | 10,155 | 1,609 | 10,361 | |||
| Pretax Income Change mils $s | 8,546 | (8,752) | |||||
| % Change vs Prior Year | 531% | -84% | |||||
| % Change 2017 vs 2008 | 720% | ||||||
| % Change 2017 vs 2007 | 27% |
