Then in 2017,
Trump's First Year in Office, These Same Indianapolis Area Cos Generated
Audited Total Pretax Income Which Decreased By a Huge 11% From That in
2016.
........................................................................................
From a review of US
SEC filings, there were 18 Companies effectively headquartered in the
Indianapolis 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 come close to happening in 2017 for
Indianapolis Companies.
On the other hand, the 6 Indianapolis Suburb Carmel Cos generated solid Pretax Income Growth of 24% in FYE 2017 and of 9% in FYE 2016.
On the other hand, the 6 Indianapolis Suburb Carmel Cos generated solid Pretax Income Growth of 24% in FYE 2017 and of 9% in FYE 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 18 Indianapolis Area Companies.
| FYE | FYE | FYE | 2017 | 2016 | |||||
| 2017 | 2016 | 2015 | Better | Better | |||||
| Audited | Audited | Audited | (Worse) | (Worse) | |||||
| Pretax | Pretax | Pretax | Than | Than | |||||
| Indianapolis Area Companies | Most | Income | Income | Income | 2016 | 2015 | |||
| Stock Market Caps Above $100 Mil | Recent | (Loss) | (Loss) | (Loss) | % | % | |||
| FYE | $ mils | $ mils | $ mils | Change | Change | ||||
| Indianapolis Area Cos | |||||||||
| Indianapolis City Cos | |||||||||
| Anthem | Indianapolis | IN | Dec 17 | 3,964 | 4,555 | 4,631 | -13% | -2% | |
| Simon Property Group | Indianapolis | IN | Dec 17 | 2,245 | 2,135 | 2,139 | 5% | 0% | |
| Eli Lilly | Indianapolis | IN | Dec 17 | 2,197 | 3,374 | 2,790 | -35% | 21% | |
| Allison Transmission Holdings | Indianapolis | IN | Dec 17 | 527 | 341 | 289 | 55% | 18% | |
| Duke Realty Corp | Indianapolis | IN | Dec 17 | 290 | 298 | 184 | -3% | 62% | |
| IPALCO Enterprises | Indianapolis | IN | Dec 17 | 158 | 192 | 91 | -18% | 111% | |
| First Internet Bancorp | Indianapolis | IN | Dec 17 | 23 | 18 | 14 | 28% | 29% | |
| Hurco Companies Inc | Indianapolis | IN | Oct 17 | 21 | 19 | 24 | 11% | -21% | |
| Kite Realty Trust | Indianapolis | IN | Dec 17 | 14 | 4 | 29 | 250% | -86% | |
| Finish Line | Indianapolis | IN | Feb 18 | 9 | 54 | 42 | -83% | 29% | |
| Calumet Speciality Products Partners LP | Indianapolis | IN | Dec 17 | (31) | (297) | (85) | 90% | -249% | |
| Total all 11 Indianapolis City Cos | 9,417 | 10,693 | 10,148 | -12% | 5% | ||||
| Carmel Suburb Cos | |||||||||
| CNO Financial Group | Carmel | IN | Dec 17 | 481 | 353 | 368 | 36% | -4% | |
| KAR Auction Services | Carmel | IN | Dec 17 | 398 | 355 | 341 | 12% | 4% | |
| Allegion PLC | Carmel | IN | Dec 17 | 396 | 295 | 209 | 34% | 41% | |
| Merchant's Bancorp | Carmel | IN | Dec 17 | 77 | 55 | 47 | 40% | 17% | |
| Protective Insurance | Carmel | IN | Dec 17 | 10 | 43 | 34 | -77% | 26% | |
| Assembly Biosciences | Carmel | IN | Dec 17 | (52) | (45) | (28) | -16% | -61% | |
| Total 6 Carmel Suburb Cos | 1,310 | 1,056 | 971 | 24% | 9% | ||||
| Elanco Animal Health | Greenfield | IN | Dec 17 | (233) | (22) | (260) | -959% | -92% | |
| Total all 18 Indianapolis Area Cos | 10,494 | 11,727 | 10,859 | -11% | 8% |
