Friday, October 12, 2018

Dallas, Texas Area 68 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 18% Per Year From That in the Two Preceding Years (2015 and 2014) ....................................................................................

Then in 2017, Trump's First Year in Office, These Same 68 Dallas Area Non-Oil & Gas Cos Generated Audited Total Pretax Income Which Declined By 9%  From That in 2016.  

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From a review of US SEC filings, there were a huge number of 68 Non-Oil & Gas Companies headquartered in the highly entrepreneurial Dallas, 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 Dallas, Texas Area Companies.

It’s clear to me why Obama is now respected by more than a few Dallas, 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 68 Dallas, 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
Dallas, 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
AT&T Dallas TX Dec 17            15,139            19,812            20,692            10,355
Texas Instruments Dallas TX Dec 17              6,080              4,930              4,216              3,874
Southwest Air Dallas TX Dec 17              3,251              3,547              3,479              1,816
Kimberly Clark Irving TX Dec 17              3,095              3,141              1,484              2,401
American Air Lines Fort Worth TX Dec 17              3,084              4,299              4,616              3,212
D R Horton Arlington TX Sep 17              1,602              1,354              1,123                 814
Comerica Dallas TX Dec 17              1,234                 670                 750                 870
Dr Pepper Snapple Group Plano TX Dec 17              1,171              1,281              1,184              1,074
Alliance Data Systems Plano TX Dec 17              1,081                 837                 932                 838
Celanese Irving TX Dec 17              1,075              1,030                 488                 941
Torchmark McKinney TX Dec 17                 831                 772                 766                 785
Santander Consumer USA Dallas TX Dec 17                 824              1,161              1,290              1,121
Yum China Holdings Plano TX Dec 17                 810                 672                 496                   17
Michaels Companies Irving TX Jan 18                 606                 582                 572                 351
Atmos Energy Dallas TX Sep 17                 604                 542                 495                 477
Lennox Intl Richardson TX Dec 17                 464                 403                 283                 318
CoPart Dallas TX July 17                 440                 396                 332                 270
Jacobs Engineering Group Dallas TX Sep 17                 393                 287                 430                 542
Fluor Irving TX Dec 17                 386                 547                 727              1,205
Sabre Southlake TX Dec 17                 378                 328                 354                 117
Trinity Industries Dallas TX Dec 17                 372                 567              1,252              1,064
Sally Beauty Holdings Denton TX Sep 17                 346                 354                 378                 391
Cinemark Holdings Plano TX Dec 17                 345                 361                 348                 290
Six Flags Entertainment Grand Prairie TX Dec 17                 329                 233                 263                 160
Texas Capital Bancshares Dallas TX Dec 17                 326                 241                 224                 212
Kronos Worldwide Dallas TX Dec 17                 306                   61                 (31)                 134
Valhi Dallas TX Dec 17                 292                   40                 (42)                 112
Eagle Materials Dallas TX Mar 18                 272                 295                 219                 253
Flowserve Irving TX Dec 17                 263                 213                 412                 733
Match Group Dallas TX Dec 17                 252                 241                 199                 216
Hilltop Holdings Dallas TX Dec 17                 243                 231                 283                 178
Nexstar Media Group Irving TX Dec 17                 241                 171                 125                 111
HFF Dallas TX Dec 17                 202                 128                 142                 104
FirstCash Fort Worth TX Dec 17                 172                   93                   88                 117
Brinker Intl Dallas TX Jun 18                 170                 209                 286                 284
Tyler Technologies Plano TX Dec 17                 162                 129                 108                   94
Dave & Busters Entertainment Dallas TX Jan 18                 156                 144                   92                   11
LegacyTexas Financial Group Plano TX Dec 17                 155                 151                 109                   49
Independent Bank Group McKinney TX Dec 17                 122                   80                   58                   44
Howard Hughes Corp Dallas TX Dec 17                 121                 321                 151                   39
TPG Specialty Lending Fort Worth TX Dec 17                 112                 137                   64                   85
Primoris Services Dallas TX Dec 17                 105                   49                   61                 102
Builders FirstSource Dallas TX Dec 17                   92                   22                 (18)                   19
Gamestop Grapevine TX Jan 18                   80                 505                 625                 608
Encore Wire McKinney TX Dec 17                   80                   51                   72                   56
At Home Group Plano TX Jan 18                   66                   43                 (11)                     4
Darling Ingredients Irving TX Dec 17                   64                 123                   99                   81
Diodes Inc Plano TX Dec 17                   63                   25                   41                   86
Triumph Bancorp Dallas TX Dec 17                   61                   34                   38                   30
Commercial Metals Irving TX Aug 17                   45                   69                   96                 165
Nationstar Mortgage Holdings Coppell TX Dec 17                   44                   29                   54                 286
Atrion Allen TX Dec 17                   42                   39                   41                   42
La Quinta Holdings Irving TX Dec 17                   41                   (1)                   49                   17
HMS Holdings Irving TX Dec 17                   40                   49                   40                   26
US Concrete Euless TX Dec 17                   39                   31                   (4)                   24
Orthofix Intl NV Lewisville TX Dec 17                   36                   19                     9                   12
KMG Chemicals Fort Worth TX July 17                   32                   28                   19                     0
Wingstop Dallas TX Dec 17                   31                   25                   16                   14
AZZ Inc Fort Worth TX Feb 18                   31                   85                 102                   90
Integer Holdings Frisco TX Dec 17                   22                     1                 (16)                   77
Sunoco LP Dallas TX Dec 17                   20                 (16)                 185                   50
RealPage Richardson TX Dec 17                   15                   27                 (13)                 (17)
Spirit Realty Capital Dallas TX Dec 17                   12                   46                   25                 (50)
Tier REIT Dallas TX Dec 17                 (22)                 (51)                 (94)                 (75)
CyrusOne Dallas TX Dec 17                 (81)                   22                 (18)                 (13)
Tenet Healthcare Dallas TX Dec 17               (101)                 248                 144                 147
Invitation Homes Dallas TX Dec 17               (106)                 (78)               (160)               (270)
Fossil Group Richardson TX Dec 17               (454)                 114                 312                 558
Total all 68 Dallas Non-Oil & Gas Companies            47,804            52,529            51,131            38,148
Trump's First Year 2017
….. Net Income % Decrease 2017 vs 2016 -9%
Obama's Last Two Years 2016 and 2015
….. Net Income % Increase 2016 vs 2015 3%
….. Net Income % Increase 2015 vs 2014 34%
….. Net Income Average Per Year % Increase 2016 and 2015 18%



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