From
a review of US SEC filings, there were 6 Companies headquartered in Hawaii with
stock market caps of more than $1 Bil recently.
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 Second Quarter
of 2018 and 2017 for these 6 Hawaii Companies.
| US | US | ||
| GAAP | GAAP | ||
| Pretax | Pretax | ||
| Income | Income | ||
| (Loss) | (Loss) | ||
| June Qtr | June Qtr | % | |
| July Qtr | July Qtr | Change | |
| Hawaii Companies | or Aug Qtr | or Aug Qtr | Better |
| Market Caps Above $1 Bil | 2018 | 2017 | (Worse) |
| mils $ | mils $ | ||
| First Hawaiian | 93 | 90 | |
| Hawaiian Holdings | 106 | 124 | |
| Bank of Hawaii | 68 | 65 | |
| Hawaiian Electric Industries | 60 | 60 | |
| Matson Inc | 42 | 40 | |
| Alexander & Baldwin | 3 | 8 | |
| Total all 6 Hawaii Cos | 372 | 386 | -4% |
