Sunday, October 14, 2018

Detroit, Michigan Area Companies Earnings Increase 9% in 2017, Trump's First Year in Office, vs an Increase of an Average of 37% Per Year For the Last 2 Obama Years in Office (2016 and 2015) ...............................................................................


From a review of US SEC filings, there were 37 Companies effectively headquartered in the Detroit, Michigan area with stock market caps of more than $500 Mil recently.

These 37 Detroit, Michigan Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations of $33.921 Bil in annual 2017, Trump's first year in office, an increase of 9% from their similar Total Pretax Income of $31.145 Bil in 2016. 

In Obama’s last two years in office (2015 and 2016), these same 19 Michigan Cos posted Audited Total Pretax Income From Continuing Operations which increased by an average per year of an exceptional 37% from their prior year similar earnings.

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.  And then it is their ethical responsibility to share a fair portion of these healthy profits in some way with both their employees and their stockholders.

It’s clear to me why Obama is now viewed by many as the US Auto Industry President.

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 37 Detroit, Michigan area Companies.

Year Year Year Year
2017 2016 2015 2014
  Audited Audited Audited Audited
    Pretax Pretax Pretax Pretax
Detroit, Michigan Area Companies City State 2017 Income Income Income Income
Stock Market Caps Above $500 Mil HQs HQs FYE (Loss) (Loss) (Loss) (Loss)
   $ mils  $ mils  $ mils  $ mils
General Motors Detroit MI Dec 17          11,863          12,008            8,371            4,246
Ford Motor Dearborn MI Dec 17            8,148            6,796          10,252            1,234
Lear Corp Southfield MI Dec 17            1,578            1,411            1,081               824
Ally Financial Detroit MI Dec 17            1,507            1,581            1,393            1,246
DTE Energy Detroit MI Dec 17            1,287            1,105               950            1,275
Aptiv plc Troy MI Dec 17            1,286            1,035            1,013            1,635
BorgWarner Auburn Hills MI Dec 17            1,064               943               875               980
Adient plc Plymouth MI Sep 17            1,061               377               944               670
Masco Livonia MI Dec 17               885               830               689               507
WABCO Holdings Rochester Hills MI Dec 17               653               369               298               357
Credit Acceptance Corp Southfield MI Dec 17               584               531               475               421
Penske Automotive Group Bloomfield Hills MI Dec 17               548               508               492               458
Autoliv Auburn Hills MI Dec 17               507               804               676               667
Delphi Technologies plc Troy MI Dec 17               425               318               398               439
Domino's Pizza Ann Arbor MI Dec 17               400               345               306               259
Meritor Troy MI Sep 17               381               155                 67               315
American Axle Detroit MI Dec 17               340               299               273               177
Chemical Financial Detroit MI Dec 17               256               150               124                 90
Syntel Troy MI Dec 17               225               273               327               319
Visteon Van Buren Township MI Dec 17               223               161                 69               (43)
Cooper-Standard Holdings Novi MI Dec 17               213               195               153                 88
Flagstar Troy MI Dec 17               211               258               240             (103)
Taubman Centers Bloomfield Hills MI Dec 17               113               190               195            1,280
Tower Intl Livonia MI Dec 17               101                 74                 62                 49
Kelly Services Troy MI Dec 17                 84               151                 63                 17
Sun Communities Southfield MI Dec 17                 82                 31               170                 33
Ramco-Gershenson Prop Trust Farmington Hills MI Dec 17                 71                 61                 67                 (2)
Sterling Bancorp Southfield MI Dec 17                 70                 56                 38                 29
Gentherm Northville MI Dec 17                 69               111               129                 94
TriMas Bloomfield Hills MI Dec 17                 66               (58)               (22)                 70
Agree Realty Bloomfield Hills MI Dec 17                 59                 46                 40                 19
Stoneridge Novi MI Dec 17                 53                 39                 20               (53)
Universal Logistics Warren MI Dec 17                 17                 39                 65                 73
Diplomat Pharmacy Flint MI Dec 17                   8                 36                 41                   9
Altair Engineering Troy MI Dec 17               (36)                 14                 12  N/A 
Esperion Therapeutics Ann Arbor MI Dec 17             (167)               (75)               (50)               (36)
Veoneer Southfield MI Dec 17             (314)               (22)                 (8)  N/A 
Total all 37 Detroit Area Cos          33,921          31,145          30,288          17,643
Trump's First Year 2017
….. Net Income % Increase 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 72%
….. Net Income Average Per Year % Increase 2016 and 2015 37%






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