Then in 2017, Trump's First Year in Office,
These Same Fort Wayne Area Cos Generated Audited Total Pretax Income Which
Decreased By 16% From That in 2016.
........................................................................................
From a review of US SEC filings, there were 4 Companies
effectively headquartered in the Fort Wayne Area with stock market caps or
Total Equity of more than $100 mil 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 Fort Wayne 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 4 Fort Wayne Area Companies.
| FYE | FYE | FYE | 2017 | 2016 | |||||
| 2017 | 2016 | 2015 | Better | Better | |||||
| Audited | Audited | Audited | (Worse) | (Worse) | |||||
| Pretax | Pretax | Pretax | Than | Than | |||||
| Fort Wayne Area Companies | Most | Income | Income | Income | 2016 | 2015 | |||
| Stock Market Caps Above $100 Mil | Recent | (Loss) | (Loss) | (Loss) | % | % | |||
| FYE | $ mils | $ mils | $ mils | Change | Change | ||||
| Steel Dynamics | Fort Wayne | IN | Dec 17 | 935 | 564 | (242) | 66% | 333% | |
| Lincoln National Life Insurance | Fort Wayne | IN | Dec 17 | 731 | 1,440 | 1,468 | -49% | -2% | |
| Franklin Electric Co | Fort Wayne | IN | Dec 17 | 105 | 104 | 86 | 1% | 21% | |
| Vera Bradley | Roanoke | IN | Jan 18 | 15 | 28 | 46 | -46% | -39% | |
| Total all 4 Fort Wayne Area Cos | 1,786 | 2,136 | 1,358 | -16% | 57% |
