Friday, October 12, 2018

Austin, Texas Area 9 Largest Non-Oil & Gas Companies Total Pretax Income in Obama's Last Two Years in Office (2016 and 2015) Increased By a Very Robust Average of 25% Per Year From That in the Two Preceding Years (2015 and 2014) ....................................................................................

Then in 2017, Trump's First Year in Office, These Same 9 Austin Area Non-Oil & Gas Cos Generated Audited Total Pretax Income Which Declined By 3%  From That in 2016.  

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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.

From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Fiscal Years Ended 2017, 2016, 2015 and 2014 for these 9 Austin, Texas Non-Oil & Gas Companies with stock market caps above $1 bil recently.

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%