From a review of US SEC filings, there were 4 Companies
headquartered in the Hampton Roads, Virginia Area with a stock market cap 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 clearly happened in the two most recent
years, especially so in 2016.
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 Hampton Roads, Virginia Area
Companies.
| FYE | FYE | FYE | FYE | FYE | |||||
| Year | Year | Year | 2017 | 2016 | |||||
| 2017 | 2016 | 2015 | Better | Better | |||||
| Audited | Audited | Audited | (Worse) | (Worse) | |||||
| Pretax | Pretax | Pretax | Than | Than | |||||
| Virginia Companies | City | State | 2017 | Income | Income | Income | 2016 | 2015 | |
| Stock Market Caps Above $1 Bil | HQs | HQs | FYE | (Loss) | (Loss) | (Loss) | % | % | |
| $ mils | $ mils | $ mils | Change | Change | |||||
| Hampton Roads Area Cos | |||||||||
| Norfolk Southern | Norfolk | VA | Dec 17 | 3,128 | 2,582 | 2,442 | 21% | 6% | |
| Dollar Tree | Chesapeake | VA | Jan 18 | 1,704 | 1,329 | 448 | 28% | 197% | |
| Huntington Ingalls Industries | Newport News | VA | Dec 17 | 772 | 784 | 632 | -2% | 24% | |
| Towne Bank | Portsmouth | VA | Dec 17 | 148 | 101 | 93 | 47% | 9% | |
| Total all 4 Hampton Roads Area Cos | 5,752 | 4,796 | 3,615 | 20% | 33% |
