Friday, October 12, 2018

Boca Raton/Palm Beach, Florida Area Companies Generated Total Pretax Income Growth of 46% in 2016, Obama's Last Year in Office ....................................................................................

Then in 2017, Trump's First Year in Office, These Same Boca Raton/Palm Beach Area Cos Generated Audited Total Pretax Income Which Was Precisely Flat With That in 2016.  

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From a review of US SEC filings, there were 10 Companies headquartered in the Boca Raton/Palm Beach 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 Boca Raton/Palm Beach Area Companies.

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 and 2015 for these 10 Boca Raton/Palm Beach Area Companies with stock market caps above $1 bil recently.
Year Year Year
2017 2016 2015
Audited Audited Audited
Pretax Pretax Pretax
Income Income Income
(Loss) (Loss) (Loss)
From From From
Boca Raton/Palm Beach, Florida Area Companies City State 2017 Continuing Continuing Continuing
Stock Market Caps Above $1 Bil HQs HQs FYE Operations Operations Operations
 $ mils  $ mils  $ mils
Nextera Energy Juno Beach FL Dec 17              4,667              4,388              3,990
Affiliated Managers Group West Palm Beach FL Dec 17              1,067                 975              1,091
Office Depot Boca Raton FL Dec 17                 299                 459                 115
NextEra Energy Partners LP Juno Beach FL Dec 17                 276                 437                 140
Dycom Industries Palm Beach Gardens FL Jul 17                 250                 206                 136
GEO Group Boca Raton FL Dec 17                 164                 156                 147
KLX Inc Wellington FL Jan 18                 141                   54               (614)
SBA Communications Boca Raton FL Dec 17                 117                   87               (167)
Therapeutics MD Boca Raton FL Dec 17                 (77)                 (90)                 (85)
Platform Specialty Products West Palm Beach FL Dec 17               (289)                 (48)               (229)
Total all 10 Boca Raton/Palm Beach Area Cos              6,615              6,624              4,524
Trump's First Year 2017
… Pretax Income % Change 2017 vs 2016 0%
Obama's Last Year 2016
… Pretax Income % Increase 2016 vs 2015 46%