My Focus is on Pretax Income Rather Than on After-Tax Net Income
Because Income Taxes are Simply a Transfer of Financial Wealth Between US
Corporations and the US Federal, US State and Foreign Governments. It Has
Nothing Whatsoever to do with Company Operating Performance.
From a review of SEC filings, the chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Second Quarter and First Quarter Ended 2018 and 2017 for these 9 Alabama Companies.
From a review of SEC filings, the chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Second Quarter and First Quarter Ended 2018 and 2017 for these 9 Alabama Companies.
| US | US | US | US | ||||
| GAAP | GAAP | GAAP | GAAP | ||||
| Pretax | Pretax | Pretax | Pretax | ||||
| Income | Income | Income | Income | ||||
| (Loss) | (Loss) | (Loss) | (Loss) | ||||
| June Qtr | June Qtr | % | Mar Qtr | Mar Qtr | % | ||
| July Qtr | July Qtr | Change | Apr Qtr | Apr Qtr | Change | ||
| Alabama Companies | or Aug Qtr | or Aug Qtr | Better | or May Qtr | or May Qtr | Better | |
| Market Caps Above $1 Bil | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | |
| mils $ | mils $ | mils $ | mils $ | ||||
| Regions Financial | 467 | 449 | 542 | 420 | 29% | ||
| Vulcan Materials | 200 | 157 | 48 | 40 | 20% | ||
| Encompass Health | 142 | 108 | 136 | 125 | |||
| Medical Properties Trust | 114 | 73 | 92 | 69 | |||
| Protective Life | 99 | 126 | 92 | 112 | |||
| Warrior Met Coal | 91 | 163 | -44% | 179 | 110 | ||
| Energen Corp | 88 | 46 | 155 | 53 | |||
| ServisFirst Bancshares | 42 | 34 | 40 | 30 | |||
| ProAssurance | 28 | 19 | 8 | 40 | |||
| Total all 9 Alabama Cos | 1,271 | 1,175 | 8% | 1,292 | 999 | 29% |