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% |