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 First Half of
Both 2018 and 2017 for these 8 Delaware Companies.
| US | US | ||
| GAAP | GAAP | ||
| Pretax | Pretax | ||
| Income | Income | ||
| (Loss) | (Loss) | ||
| 6 Months | 6 Months | ||
| June | June | Better | |
| July | July | (Worse) | |
| Delaware Companies | or Aug | or Aug | % |
| Market Caps Above $1 Bil | 2018 | 2017 | Change |
| mils $ | mils $ | ||
| Chemours Co | 704 | 398 | 77% |
| DuPont | 466 | 2,181 | -79% |
| SLM Corp | 317 | 261 | |
| Navient | 275 | 313 | |
| WSFS Financial | 84 | 59 | |
| Chesapeake Utilities | 46 | 42 | |
| Interdigital | 35 | 110 | |
| Incyte Corp | 14 | (207) | 107% |
| Total all 8 Delaware Cos | 1,941 | 3,157 | -39% |