Wednesday, October 17, 2018

Illinois Companies Pretax Earnings on Fire, Up 25% in the First Half of 2018 and It’s Pretty Much All Across the Board

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But Even to Top That, For a Longer Term Perspective, Illinois Companies Had Their Total After-Tax Net Income Increase By 887% Excluding Giant Utility Co Exelon and  Increase By 588% Including Exelon, Both During the Entire Span of the Obama Administration From 2008, the Year Before Barack Obama Took Office, to 2016, Obama's Last Year in Office.
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From a review of US SEC filings, there were 97 Companies effectively headquartered in Illinois with stock market caps of more than $1 Bil recently.

From a review of SEC filings, the chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the First Half of 2018 and 2017 for these 97 Illinois Companies.

US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss)
6 Months 6 Months
June June Better
July July (Worse)
Illinois Companies or Aug or Aug %
Market Caps Above $1 Bil 2018 2017  Change
mils $ mils $
AbbVie              4,809              4,439 8%
Caterpillar              4,334              1,448 199%
McDonalds              3,906              3,869 1%
Walgreen's Boots Alliance              3,128              2,266 38%
Deere & Co              2,587              2,070 25%
Allstate              2,069              1,863 11%
Illinois Tool Works              1,743              1,568 11%
Discover Financial Services              1,733              1,735 0%
Mondelez Intl              1,590              1,371 16%
CME Group              1,546              1,344 15%
Exelon              1,303              1,214 7%
Abbott Labs              1,208              1,031 17%
Archer Daniels Midland              1,116                 841 33%
United Continental Holdings              1,041              1,427 -27%
Northern Trust                 991                 782 27%
Baxter Intl                 842                 634 33%
CNH Industrial NV                 791                 443 79%
CNA Financial                 676                 713 -5%
Hyatt Hotels                 663                 245 171%
WW Grainger                 630                 478 32%
Packaging Corp of America                 432                 388 11%
LKQ Corp                 421                 440 -4%
Ulta Beauty                 406                 369 10%
CDW Corp                 396                 269 47%
Motorola Solutions                 367                 325 13%
Ingredion                 351                 365 -4%
Arthur J Gallagher & Co                 346                 254 36%
Dover                 345                 405 -15%
Conagra Brands                 343                 367 -7%
Equity Residential                 339                 354 -4%
CF Industries                 323                     7 4514%
Tribune Media                 315               (193) 263%
Fortune Brands Home&Security                 282                 303 -7%
Cboe Global Markets                 279                 124 125%
CDK Global                 272                 204 33%
Idex Corp                 267                 217 23%
Navistar                 248                 (28) 986%
Old Republic Intl                 241                 311 -23%
Zebra Technologies                 233                   17 1271%
Wintrust Financial                 230                 190 21%
Equity Commonwealth                 227                   18 1161%
US Foods Holding                 224                 119 88%
Ventas                 210                 303 -31%
Jones Lang LaSalle                 203                 139 46%
Brunswick                 198                 253 -22%
Tenneco                 190                 113 68%
TransUnion                 176                 168 5%
GGP Inc                 162                 247 -34%
Univar                 158                   63 151%
AptarGroup                 156                 149 5%
United States Cellular                 147                   73 101%
Telephone and Data Systems                 146                   99 47%
GATX Corp                 145                 151 -4%
MB Financial                 119                 140 -15%
Camping World Holdings                 118                 174 -32%
USG Corp                 116                 150 -23%
Equity Lifestyle Properties                 113                 107 6%
Kemper Corp                 113                   49 131%
Adtalem Global Education                 111                   92 21%
Morningstar                 110                   87 26%
Kapstone Paper & Packaging                 110                   40 175%
AAR Corp                   98                   92 7%
Littelfuse                   97                 105 -8%
Anixter Intl                   95                 114 -17%
First Industrial Realty Trust                   83                   62 34%
First Midwest Bancorp                   82                   88 -7%
Stepan                   80                   81 -1%
Cabot Microelectronics                   80                   49 63%
Hill-Rom Holdings                   78                   57 37%
Stericycle                   66               (128) 152%
GrubHub                   65                   47 38%
First Busey                   64                   49 31%
Methode Electronics                   59                   52 13%
Enova Intl                   59                   39 49%
RLI Corp                   54                   61 -11%
Retail Properties of America                   53                 106 -50%
Federal Signal                   52                   29 79%
Hub Group                   51                   32 59%
ACCO Brands                   50                   38 32%
Allscripts Healthcare Solutions                   43               (153) 128%
John Bean Technologies                   40                   43 -7%
Career Education                   33                   20 65%
Horace Mann Educators                   31                   20 55%
CTS Corp                   27                   26 4%
Navigant Consulting                   25                   21 19%
Tootsie Roll Industries                   24                   30 -20%
Century Aluminum                   20                   (7) 396%
Coeur Mining                   20                   18 11%
Cars.com                   18                   54 -66%
Paylocity                   18                   10 73%
Knowles                     6                 (30) 120%
Cision Ltd                    -                   (56) 100%
Envestnet                 (11)                 (10) -9%
TreeHouse Foods                 (70)                 (16) -338%
Groupon                 (96)                 (18) -446%
Akorn               (140)                   72 -294%
Horizon Pharma plc               (186)               (349) 47%
Total all 97 Illinois Companies            47,462            37,851 25%

Also from a review of SEC filings, the chart below shows the Gold-Standard US GAAP Audited After-Tax Net Income (Loss) From Continuing Operations for Annual 2016 and Annual 2008, spanning the entire Obama Administration, for the 97 Illinois Companies which reported both their 2016 and 2008 After-Tax Net Income (Loss) to the SEC and also had stock market caps or total equity of more than $1 Bil.  Illinois must be the haven for company separations and they were all included below where both companies involved were Illinois ones.

Obama  Bush 
Last Last
Year Year
in in
Office Office
2016 2008
Audited Audited  Better 
Net Net  (Worse) 
Illinois Companies City State 2016 Income Income  Better  %
Market Caps Above $1 Bil HQs HQs FYE (Loss) (Loss)  (Worse)  Change
 $ mils  $ mils  $ mils
AbbVie North Chicago IL Dec16              5,953              4,058              1,895 47%
Baxter Intl Deerfield IL Dec16              4,966              2,025              2,941 145%
McDonald's Oak Brook IL Dec16              4,687              4,313                 374 9%
Equity Residential Chicago IL Dec16              4,480                 (40)              4,520 11300%
Walgreens Boot Alliance  Deerfield IL Aug16              4,191              2,157              2,034 94%
Discover Financial Services Riverwoods IL Dec16              2,393              1,063              1,330 125%
United Continental Chicago IL Dec16              2,263            (5,396)              7,659 142%
Illinois Tool Works Glenview IL Dec16              2,035              1,691                 344 20%
Allstate Northbrook IL Dec16              1,877            (1,679)              3,556 212%
Mondelez Intl Deerfield IL Dec16              1,669                 147              1,522 1035%
CME Group Chicago IL Dec16              1,534                 716                 818 114%
Deere Moline IL Oct16              1,522              2,054               (532) -26%
General Growth Properties Chicago IL Dec16              1,309                 (59)              1,368 2319%
Archer Daniels Midland Decatur IL Dec16              1,288              1,688               (400) -24%
Abbott Laboratories Abbott Park IL Dec16              1,063                 676                 387 57%
Northern Trust Chicago IL Dec16              1,033                 795                 238 30%
CNA Financial Chicago IL Dec16                 859               (251)              1,110 442%
WW Grainger Lake Forest IL Dec16                 633                 475                 158 33%
Motorola Solutions Schaumburg IL Dec16                 562            (4,437)              4,999 113%
Ventas Chicago IL Dec16                 554                 177                 377 213%
Mead Johnson Nutrition Chicago IL Dec16                 549                 401                 148 37%
ConAgra Foods Chicago IL May17                 546                 615                 (69) -11%
Dover Corp Downers Grove IL Dec16                 509                 695               (186) -27%
Ingredion Westchester IL Dec16                 496                 275                 221 80%
Old Republic Intl Corp Chicago IL Dec16                 467               (558)              1,025 184%
LKQ Corp Chicago IL Dec16                 456                   97                 359 370%
Packaging Corp of America Lake Forest IL Dec16                 450                 136                 314 231%
Arthur J Gallagher Itasca IL Dec16                 445                 111                 334 301%
Tenneco Inc Lake Forest IL Dec16                 424               (405)                 829 205%
CDW Corp Vernon Hills IL Dec16                 424            (1,765)              2,189 124%
Fortune Brands Home & Security Deerfield IL Dec16                 412               (700)              1,112 159%
Ulta Beauty Bolingbrook IL Jan17                 410                   25                 385 1540%
Jones Lang LaSalle Chicago IL Dec16                 334                   87                 247 284%
Middleby Elgin IL Dec16                 284                   64                 220 344%
Brunswick Corp Lake Forest IL Dec16                 274               (788)              1,062 135%
IDEX Corp Lake Forest IL Dec16                 271                 127                 144 113%
GATX Corp Chicago IL Dec16                 257                 195                   62 32%
Equity Commonwealth Chicago IL Dec16                 233                   62                 171 276%
USG Corp Chicago IL Dec16                 211               (463)                 674 146%
US Foods Holding Rosemont IL Dec16                 210               (114)                 324 284%
Terra Nitrogen LP Deerfield IL Dec16                 209                 422               (213) -50%
Stericycle Lake Forest IL Dec16                 208                 149                   59 40%
PrivateBancorp Chicago IL Dec16                 208                 (93)                 301 324%
Wintrust Financial Rosemont IL Dec16                 207                   20                 187 935%
AptarGroup Inc Crystal Lake IL Dec16                 206                 154                   52 34%
Hyatt Hotels Chicago IL Dec16                 204                 115                   89 77%
Equity Lifestyle Properties Chicago IL Dec16                 187                   39                 148 379%
CBOE Holdings Inc Chicago IL Dec16                 186                 115                   71 62%
Akorn Inc Lake Forest IL Dec16                 184                   (8)                 192 2400%
MB Financial Chicago IL Dec16                 174                   16                 158 988%
Morningstar Chicago IL Dec16                 161                   90                   71 79%
TransUnion Chicago IL Dec16                 131                 134                   (3) -2%
First Industrial Realty Trust Chicago IL Dec16                 126               (149)                 275 185%
Care Capital Properties Chicago IL Dec16                 123
 SEP 
 NM 
NM
Adtalem Global Education Downers Grove IL Jun17                 123                 166                 (43) -26%
Hill-Rom Holdings Inc Chicago IL Sep16                 123                   67                   56 84%
Anixter Intl Glenview IL Dec16                 121                 188                 (67) -36%
RLI Corp Peoria IL Dec16                 115                   79                   36 46%
Littelfuse Chicago IL Dec16                 104                     8                   96 1200%
ACCO Brands Corp Lake Zurich IL Dec16                   96               (263)                 359 137%
Methode Electronics Inc Chicago IL Apr17                   93               (112)                 205 112%
First Midwest Bancorp Itasca IL Dec16                   92                   49                   43 88%
Tribune Media Co Chicago IL Dec16                   87
 SEP 
 NM 
NM
Inventrust Properties Corp Oak Brook IL Dec16                   87               (337)                 424 126%
Stepan Company Northfield IL Dec16                   86                   37                   49 132%
Kapstone Paper and Packaging Northbrook IL Dec16                   86                   20                   66 330%
Horace Mann Educators Corp Springfield IL Dec16                   84                   11                   73 664%
Hub Group Inc Oak Brook IL Dec16                   75                   59                   16 27%
John Bean Technologies Chicago IL Dec16                   68                   44                   24 55%
Tootsie Roll Industries Chicago IL Dec16                   67                   39                   28 72%
Cabot Microelectronics Corp Aurora IL Sep16                   60                   38                   22 58%
Navigant Consulting Inc Chicago IL Dec16                   58                   40                   18 45%
Coeur Mining Chicago IL Dec16                   55                   (8)                   63 788%
Telephone & Data Systems Chicago IL Dec16                   52                 118                 (66) -56%
AAR Corp Wood Dale IL May17                   50                   61                 (11) -18%
First Busey Corp Urbana IL Dec16                   50                 (38)                   88 232%
United States Cellular Corp Chicago IL Dec16                   49                   58                   (9) -16%
Federal Signal Corp Oak Brook IL Dec16                   39                   29                   10 34%
Huron Consulting Group Chicago IL Dec16                   39                     0                   39
NM
Retail Properties of America Oak Brook IL Dec16                   37               (658)                 695 106%
Knowles Corp Itasca IL Dec16                   19
 SEP 
 NM 
NM
Consolidated Communications Mattoon IL Dec16                   15                     6                     9 150%
Kemper Corp Chicago IL Dec16                   13                 (38)                   51 134%
tronc Chicago IL Dec16                     7            (4,351)              4,358 100%
Allscripts Healthcare Solutions Chicago IL Dec16                     3                   26                 (23) -88%
Envestnet Inc Chicago IL Dec16                 (56)                     5                 (61) -1220%
Caterpillar Peoria IL Dec16                 (59)              3,585            (3,644) -102%
Navistar Intl Lisle IL Oct16                 (65)                 134               (199) -149%
Univar Downers Grove IL Dec16                 (68)                   (8)                 (60) -750%
Zebra Technologies Corp Lincolnshire IL Dec16               (137)                 (38)                 (99) -261%
CF Industries Deerfield IL Dec16               (158)                 802               (960) -120%
Horizon Pharma PLC Deerfield IL Dec16               (167)                 (28)               (139) -496%
Groupon Chicago IL Dec16               (183)                   (2)               (181) -9050%
TreeHouse Foods Oak Brook IL Dec16               (229)                   29               (258) -890%
Century Aluminum Co Chicago IL Dec16               (252)               (895)                 643 72%
HSBC Finance Arlington Heights IL Dec 16               (556)            (2,608)              2,052 79%
Total all 96 With No Giant Utility Exelon            55,170              5,588            49,582 887%
Exelon Corp Chicago IL Dec16              1,965              2,717
Total all 97 Illinois Cos            57,135              8,305            48,830 588%