Hawaii Companies Pretax Earnings Up a Robust 11% in 2016, Obama's Last Year in Office. Then in 2017, Trump's First Year in Office, These Same Hawaii Companies Pretax Earnings Declined By 7% in 2017 ......................................................................................

From a review of US SEC filings, there were 10 Companies headquartered in Hawaii with stock market caps of more than $100 mil recently.

These fine 10 Hawaii Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations in Fiscal Year Ended (FYE) 2017 Which Declined By 7% from their similar Total Pretax Income in FYE 2016. 

This 7% Earnings Decline in 2017 was an earnings growth reversal.

In 2016 in Obama’s last year in office, these same 10 Hawaii Cos posted Audited Total Pretax Income From Continuing Operations Which Increased By a Robust 11% from their similar Total Pretax Income in FYE 2015.

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 didn't happen for Hawaii Cos in 2017.

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 Years Ended 2017, 2016 and 2015 for these 10 Hawaii Companies.

				Year	Year	Year
				2017	2016	2015
				Audited	Audited	Audited
				Pretax	Pretax	Pretax
				Income	Income	Income
			Most	(Loss)	(Loss)	(Loss)
			Recent	From	From	From
Hawaii Companies	City	State	2017	Continuing	Continuing	Continuing
Stock Market Caps Above $100 Mil	HQs	HQs	FYE	Operations	Operations	Operations
				$ mils	$ mils	$ mils
Hawaiian Holdings	Honolulu	HI	Dec 17	411	379	296
First Hawaiian	Honolulu	HI	Dec 17	368	372	343
Hawaiian Electric Industries	Honolulu	HI	Dec 17	277	374	255
Bank of Hawaii	Honolulu	HI	Dec 17	268	260	231
Matson Inc	Honolulu	HI	Dec 17	125	131	178
Central Pacific Financial	Honolulu	HI	Dec 17	75	72	73
Territorial Bancorp	Lahaina	HI	Dec 17	26	27	25
Maui Land & Pineapple Co	Honolulu	HI	Dec 17	11	22	7
Alexander & Baldwin	Honolulu	HI	Dec 17	10	32	98
HawaiianTelcom	Honolulu	HI	Dec 17	(19)	2	2
Total all 10 Hawaii Companies				1,552	1,671	1,508
Trump's First Year 2017
….. Pretax Income % Decrease 2017 vs 2016				-7%
Obama's Last Year 2016
….. Pretax Income % Increase 2016 vs 2015				11%