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From a review of US SEC filings, there were 9 Non-Oil & Gas Companies headquartered in the Austin, Texas Area with stock market caps of more than $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. This just didn't happen in 2017 for Austin, Texas Area Companies.
It’s clear to me why Obama is now respected by more than a few Austin, Texas Area financially savvy citizens.
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.
Year | Year | Year | Year | ||||
2017 | 2016 | 2015 | 2014 | ||||
Audited | Audited | Audited | Audited | ||||
Pretax | Pretax | Pretax | Pretax | ||||
Income | Income | Income | Income | ||||
(Loss) | (Loss) | (Loss) | (Loss) | ||||
From | From | From | From | ||||
Austin, Texas Area Non-Oil & Gas Companies | City | State | 2017 | Continuing | Continuing | Continuing | Continuing |
Stock Market Caps Above $1 Bil | HQs | HQs | FYE | Operations | Operations | Operations | Operations |
$ mils | $ mils | $ mils | $ mils | ||||
Cirrus Logic | Austin | TX | Mar 18 | 265 | 315 | 176 | 92 |
National Instruments | Austin | TX | Dec 17 | 147 | 115 | 131 | 144 |
National Western Life Group | Austin | TX | Dec 17 | 145 | 153 | 147 | 158 |
Summit Hotel Properties | Austin | TX | Dec 17 | 101 | 107 | 126 | 21 |
Silicon Labs | Austin | TX | Dec 17 | 77 | 64 | 30 | 49 |
American Campus Communities | Austin | TX | Dec 17 | 71 | 102 | 119 | 63 |
Luminex | Austin | TX | Dec 17 | 37 | 20 | 33 | 28 |
SailPoint Technologies | Austin | TX | Dec 17 | (5) | (5) | (13) |
N/A
|
Q2 Holdings | Austin | TX | Dec 17 | (26) | (36) | (25) | (20) |
Total all 9 Austin Area Non-Oil & Gas Cos | 812 | 835 | 724 | 535 | |||
Trump's First Year 2017 | |||||||
….. Net Income % Decrease 2017 vs 2016 | -3% | ||||||
Obama's Last Two Years 2016 and 2015 | |||||||
….. Net Income % Increase 2016 vs 2015 | 15% | ||||||
….. Net Income % Increase 2015 vs 2014 | 35% | ||||||
….. Net Income Average Per Year % Increase 2016 and 2015 | 25% |