For a Longer-Term Perspective, Los Angeles, California Area Companies Had Their Total Pretax Earnings Increased By 464% During the Obama Administration, Going From $7.510 Bil in 2008, the Bush Administration's Last Year in Office, to $42.381 Bil in 2016, the Obama Administration's Last Year in Office
......................................................................
From a review of US SEC filings, there were 87 Companies headquartered in the Los Angeles, California Area with stock market caps of more than $1 bil recently.
These fine 87 Los Angeles Area Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations of $37.7 Bil in Fiscal Year Ended (FYE) 2017, a decline of 11% from their similar Total Pretax Income of $42.6 Bil in FYE 2016.
This 11% Earnings Decline in 2017 was a substantial earnings growth reversal.
In 2016 in Obama’s last year in office, these same 87 Los Angeles Area Cos posted Audited Total Pretax Income From Continuing Operations of $42.6 Bil in FYE 2016, an increase of an off-the-charts 42% from their similar Total Pretax Income of $30.1 Bil 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 just didn't happen in 2017 for Los Angeles Area Companies.
It’s clear to me why Obama is now respected by many Los Angeles Area financially savvy citizens.
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.
| Year | Year | Year | ||||
| 2017 | 2016 | 2015 | ||||
| Audited | Audited | Audited | ||||
| Pretax | Pretax | Pretax | ||||
| Income | Income | Income | ||||
| (Loss) | (Loss) | (Loss) | ||||
| From | From | From | ||||
| Los Angeles Area Companies | City | State | 2017 | Continuing | Continuing | Continuing |
| Stock Market Caps Above $1 Bil | HQs | HQs | FYE | Operations | Operations | Operations |
| $ mils | $ mils | $ mils | ||||
| Walt Disney Co | Burbank | CA | Sep 17 | 13,788 | 14,868 | 13,868 |
| Amgen | Thousand Oaks | CA | Dec 17 | 9,597 | 9,163 | 7,978 |
| Public Storage | Glendale | CA | Dec 17 | 1,448 | 1,460 | 1,318 |
| Monster Beverage | Corona | CA | Dec 17 | 1,202 | 1,080 | 892 |
| CBRE Group | Los Angeles | CA | Dec 17 | 1,164 | 881 | 880 |
| Activision Blizzard | Santa Monica | CA | Dec 17 | 1,151 | 1,106 | 1,121 |
| Edwards Lifesciences | Irvine | CA | Dec 17 | 1,035 | 738 | 622 |
| Edison Intl | Rosemead | CA | Dec 17 | 949 | 1,590 | 1,568 |
| Oaktree Capital Group LLC | Los Angeles | CA | Dec 17 | 905 | 609 | (1,515) |
| East West Bancorp | Pasadena | CA | Dec 17 | 735 | 572 | 579 |
| Air Lease Corp | Los Angeles | CA | Dec 17 | 610 | 580 | 393 |
| Avery Denison | Glendale | CA | Dec 17 | 590 | 477 | 409 |
| Reliance Steel & Aluminum | Los Angeles | CA | Dec 17 | 584 | 429 | 459 |
| PacWest Bancorp | Brea | CA | Dec 17 | 555 | 558 | 480 |
| Herbalife Ltd | Los Angeles | CA | Dec 17 | 471 | 365 | 486 |
| First American Financial | Santa Ana | CA | Dec 17 | 445 | 478 | 433 |
| Aecom | Los Angeles | CA | Sep 17 | 429 | 126 | (151) |
| HCP Inc | Irvine | CA | Dec 17 | 421 | 379 | 143 |
| Jacob's Engineering Group | Pasadena | CA | Sep 17 | 393 | 287 | 430 |
| Skechers USA Inc | Manhattan Beach | CA | Dec 17 | 384 | 359 | 333 |
| TRI Pointe Group | Irvine | CA | Dec 17 | 340 | 302 | 319 |
| Cathay General Bancorp | Los Angeles | CA | Dec 17 | 298 | 242 | 221 |
| KB Home | Los Angeles | CA | Nov 17 | 290 | 149 | 127 |
| Teledyne Technologies Inc | Thousand Oaks | CA | Dec 17 | 287 | 241 | 258 |
| Hope Bancorp | Los Angeles | CA | Dec 17 | 264 | 191 | 155 |
| Houlihan Lokey | Los Angeles | CA | Mar 18 | 218 | 178 | 126 |
| Korn/Ferry Intl | Los Angeles | CA | Apr 18 | 206 | 116 | 50 |
| J2 Global Inc | Los Angeles | CA | Dec 17 | 200 | 211 | 157 |
| Masimo Corp | Irvine | CA | Dec 17 | 199 | 418 | 116 |
| On Assignment | Calabasas | CA | Dec 17 | 197 | 157 | 122 |
| Alexandria Real Estate Equities | Pasadena | CA | Dec 17 | 194 | (50) | 146 |
| CVB Financial | Ontario | CA | Dec 17 | 189 | 162 | 151 |
| Kilroy Realty Corp | Los Angeles | CA | Dec 17 | 181 | 304 | 239 |
| PS Business Parks | Glendale | CA | Dec 17 | 179 | 145 | 149 |
| Macerich | Santa Monica | CA | Dec 17 | 177 | 556 | 520 |
| Tetra Tech | Pasadena | CA | Sep 17 | 172 | 124 | 80 |
| Corelogic | Irvine | CA | Dec 17 | 167 | 164 | 187 |
| Mercury General Corp | Los Angeles | CA | Dec 17 | 167 | 71 | 71 |
| Stamps.com | El Segundo | CA | Dec 17 | 160 | 117 | (6) |
| Sabra Health Care REIT Inc | Irvine | CA | Dec 17 | 159 | 71 | 80 |
| Tutor Perini Corp | Sylmar | CA | Dec 17 | 154 | 149 | 74 |
| Ares Management LP | Los Angeles | CA | Dec 17 | 150 | 298 | 81 |
| Lions Gate Entertainment | Santa Monica | CA | Mar 18 | 149 | (134) | (34) |
| Cheesecake Factory | Calabasas Hills | CA | Dec 17 | 146 | 192 | 159 |
| TTM Technologies Inc | Costa Mesa | CA | Dec 17 | 140 | 67 | 9 |
| Sunstone Hotel Investors | Aliso Viejo | CA | Dec 17 | 138 | 140 | 341 |
| Microsemi Corp | Aliso Viejo | CA | Sep 17 | 136 | (25) | 97 |
| Kaiser Aluminum Corp | Foothill Ranch | CA | Dec 17 | 133 | 147 | (372) |
| Colony Credit Real Estate | Los Angeles | CA | Dec 17 | 130 | 111 | 82 |
| PennyMac Mortgage Investment Trust | Moorpark | CA | Dec 17 | 125 | 62 | 73 |
| Kennedy-Wilson Holdings | Beverly Hills | CA | Dec 17 | 122 | 91 | 112 |
| American States Water | San Dimas | CA | Dec 17 | 108 | 94 | 98 |
| Douglas Emmett Inc | Santa Monica | CA | Dec 17 | 104 | 96 | 69 |
| Green Dot Corp | Pasadena | CA | Dec 17 | 103 | 62 | 58 |
| Pacific Premier Bancorp Inc | Irvine | CA | Dec 17 | 102 | 65 | 41 |
| Marcus & Milichap Inc | Calabasas | CA | Dec 17 | 99 | 107 | 113 |
| Hudson Pacific Properties | Los Angeles | CA | Dec 17 | 95 | 44 | (16) |
| Opus Bank | Irvine | CA | Dec 17 | 90 | 16 | 98 |
| LTC Properties Inc | Westlake Village | CA | Dec 17 | 87 | 85 | 73 |
| American Homes 4 Rent | Agoura Hills | CA | Dec 17 | 76 | 10 | (48) |
| Guess? Inc | Los Angeles | CA | Jan 18 | 70 | 28 | 42 |
| Ensign Group | Mission Viejo | CA | Dec 17 | 69 | 86 | 91 |
| Semtech Corp | Camarillo | CA | Jan 18 | 60 | 73 | 20 |
| Calavo Growers Inc | Santa Ana | CA | Oct 17 | 58 | 60 | 43 |
| Emerald Expositions Events | San Juan Capistrano | CA | Dec 17 | 47 | 36 | 30 |
| Rexford Industrial Realty | Los Angeles | CA | Dec 17 | 42 | 26 | 2 |
| BJ's Restaurants | Huntington Beach | CA | Dec 17 | 35 | 61 | 62 |
| Inogen | Goleta | CA | Dec 17 | 30 | 23 | 15 |
| Banc of California | Santa Ana | CA | Dec 17 | 27 | 100 | 69 |
| Caretrust REIT Inc | Mission Viejo | CA | Dec 17 | 26 | 29 | 10 |
| Glaukos Corp | Laguna Hills | CA | Dec 17 | 0 | 5 | (38) |
| Staar Surgical | Monrovia | CA | Dec 17 | (2) | (12) | (6) |
| Live Nation Entertainment | Beverly Hills | CA | Dec 17 | (9) | 48 | 6 |
| Alteryx | Irvine | CA | Dec 17 | (18) | (24) | (21) |
| LiveXLive Media | West Hollywood | CA | Mar 18 | (19) | (14) | (4) |
| TrueCar Inc | Santa Monica | CA | Dec 17 | (35) | (41) | (64) |
| Blackline | Woodland Hills | CA | Dec 17 | (37) | (46) | (38) |
| Xencor | Monrovia | CA | Dec 17 | (49) | 25 | (18) |
| Cornerstone OnDemand | Santa Monica | CA | Dec 17 | (60) | (66) | (84) |
| Colony NorthStar | Los Angeles | CA | Dec 17 | (177) | 296 | 247 |
| Wesco Aircraft Holdings | Valencia | CA | Sep 17 | (248) | 126 | (242) |
| California Resources | Los Angeles | CA | Dec 17 | (262) | 201 | (5,476) |
| Puma Biotechnology | Los Angeles | CA | Dec 17 | (292) | (276) | (239) |
| DineEquity Inc | Glendale | CA | Dec 17 | (425) | 153 | 169 |
| Mattel | El Segundo | CA | Dec 17 | (505) | 410 | 464 |
| Molina Healthcare | Long Beach | CA | Dec 17 | (612) | 205 | 322 |
| Snap | Santa Monica | CA | Dec 17 | (3,463) | (522) | (380) |
| Total all 87 Los Angeles Area Cos | 37,738 | 42,641 | 30,084 | |||
| Trump's First Year 2017 | ||||||
| … Pretax Income % Decrease 2017 vs 2016 | -11% | |||||
| Obama's Last Year 2016 | ||||||
| … Pretax Income % Increase 2016 vs 2015 | 42% |
Also from a review of SEC filings, the chart below shows the Gold-Standard US GAAP Audited Pretax Income (Loss) From Continuing Operations for Annual 2016 and Annual 2008, spanning the entire Obama Administration, for the 67 Los Angeles Area Companies which reported both their 2016 and 2008 Pretax Income (Loss) to the SEC.
| Obama | Bush | ||||||
| Last | Last | ||||||
| Year | Year | ||||||
| in | in | ||||||
| Office | Office | ||||||
| 2016 | 2008 | ||||||
| Audited | Audited | Better | |||||
| Pretax | Pretax | (Worse) | |||||
| Los Angeles Area Companies | City | State | 2016 | Income | Income | Better | % |
| Stock Market Caps Above $1 Bil | HQs | HQs | FYE | (Loss) | (Loss) | (Worse) | Change |
| $ mils | $ mils | $ mils | |||||
| Walt Disney Co | Burbank | CA | Sep 16 | 14,868 | 7,402 | 7,466 | 101% |
| Amgen | Thousand Oaks | CA | Dec 16 | 9,163 | 5,015 | 4,148 | 83% |
| Edison Intl | Rosemead | CA | Dec 16 | 1,590 | 1,944 | (354) | -18% |
| Public Storage | Glendale | CA | Dec 16 | 1,460 | 982 | 478 | 49% |
| Activision Blizzard | Santa Monica | CA | Dec 16 | 1,106 | (187) | 1,293 | 691% |
| Monster Beverage | Corona | CA | Dec 16 | 1,080 | 173 | 907 | 524% |
| CBRE Group | Los Angeles | CA | Dec 16 | 881 | (1,026) | 1,907 | 186% |
| CalAtlantic Group | Irvine | CA | Dec 16 | 753 | (1,237) | 1,990 | 161% |
| Edwards Lifesciences | Irvine | CA | Dec 16 | 738 | 164 | 574 | 350% |
| Oaktree Capital Group LLC | Los Angeles | CA | Dec 16 | 609 | (7,621) | 8,230 | 108% |
| East West Bancorp | Pasadena | CA | Dec 16 | 572 | (97) | 669 | 690% |
| PacWest Bancorp | Brea | CA | Dec 16 | 558 | (708) | 1,266 | 179% |
| Macerich | Santa Monica | CA | Dec 16 | 556 | 88 | 468 | 532% |
| First American Financial | Santa Ana | CA | Dec 16 | 478 | (116) | 594 | 512% |
| Avery Denison | Glendale | CA | Dec 16 | 477 | 271 | 206 | 76% |
| Reliance Steel & Aluminum | Los Angeles | CA | Dec 16 | 429 | 767 | (338) | -44% |
| Masimo Corp | Irvine | CA | Dec 16 | 418 | 72 | 346 | 481% |
| Mattel | El Segundo | CA | Dec 16 | 410 | 488 | (78) | -16% |
| HCP Inc | Irvine | CA | Dec 16 | 379 | 229 | 150 | 66% |
| Herbalife Ltd | Los Angeles | CA | Dec 16 | 365 | 319 | 46 | 14% |
| Skechers USA Inc | Manhattan Beach | CA | Dec 16 | 359 | 61 | 298 | 489% |
| VCA Inc | Los Angeles | CA | Dec 16 | 353 | 223 | 130 | 58% |
| Kilroy Realty Corp | Los Angeles | CA | Dec 16 | 304 | 46 | 258 | 561% |
| Jacob's Engineering Group | Pasadena | CA | Sep 16 | 287 | 658 | (371) | -56% |
| Cathay General Bancorp | Los Angeles | CA | Dec 16 | 242 | 71 | 171 | 241% |
| Teledyne Technologies Inc | Thousand Oaks | CA | Dec 16 | 241 | 188 | 53 | 28% |
| J2 Global Inc | Los Angeles | CA | Dec 16 | 211 | 102 | 109 | 107% |
| Molina Healthcare | Long Beach | CA | Dec 16 | 205 | 94 | 111 | 118% |
| Cheesecake Factory | Calabasas Hills | CA | Dec 16 | 192 | 73 | 119 | 163% |
| Hope Bancorp | Los Angeles | CA | Dec 16 | 191 | 4 | 187 | 4675% |
| Corelogic | Irvine | CA | Dec 16 | 164 | 46 | 118 | 257% |
| CVB Financial | Ontario | CA | Dec 16 | 162 | 86 | 76 | 88% |
| On Assignment | Calabasas | CA | Dec 16 | 157 | 34 | 123 | 362% |
| DineEquity Inc | Glendale | CA | Dec 16 | 153 | (188) | 341 | 181% |
| Banc of California | Santa Ana | CA | Dec 16 | 149 | (2) | 151 | 7550% |
| KB Home | Los Angeles | CA | Nov 16 | 149 | (968) | 1,117 | 115% |
| Tutor Perini Corp | Sylmar | CA | Dec 16 | 149 | (20) | 169 | 845% |
| Kaiser Aluminum Corp | Foothill Ranch | CA | Dec 16 | 147 | (91) | 238 | 262% |
| PS Business Parks | Glendale | CA | Dec 16 | 145 | 85 | 60 | 71% |
| Sunstone Hotel Investors | Aliso Viejo | CA | Dec 16 | 140 | 29 | 111 | 383% |
| Aecom | Los Angeles | CA | Sep 16 | 126 | 236 | (110) | -47% |
| Wesco Aircraft Holdings | Valencia | CA | Sep 16 | 126 | 103 | 23 | 22% |
| Tetra Tech | Pasadena | CA | Sep 16 | 124 | 103 | 21 | 20% |
| Stamps.com | El Segundo | CA | Dec 16 | 117 | 7 | 110 | 1571% |
| Korn/Ferry Intl | Los Angeles | CA | Apr 17 | 116 | (10) | 126 | 1260% |
| Douglas Emmett Inc | Santa Monica | CA | Dec 16 | 96 | (36) | 132 | 367% |
| American States Water | San Dimas | CA | Dec 16 | 94 | 42 | 52 | 124% |
| Kennedy-Wilson Holdings | Beverly Hills | CA | Dec 16 | 91 | 1 | 90 | 9000% |
| Ensign Group | Mission Viejo | CA | Dec 16 | 86 | 45 | 41 | 91% |
| LTC Properties Inc | Westlake Village | CA | Dec 16 | 85 | 43 | 42 | 98% |
| Semtech Corp | Camarillo | CA | Jan 17 | 73 | 46 | 27 | 59% |
| Mercury General Corp | Los Angeles | CA | Dec 16 | 71 | (451) | 522 | 116% |
| TTM Technologies Inc | Costa Mesa | CA | Dec 16 | 67 | (61) | 128 | 210% |
| Pacific Premier Bancorp Inc | Irvine | CA | Dec 16 | 65 | 1 | 64 | 6400% |
| Green Dot Corp | Pasadena | CA | Dec 16 | 62 | 30 | 32 | 107% |
| BJ's Restaurants | Huntington Beach | CA | Dec 16 | 61 | 13 | 48 | 369% |
| Calavo Growers Inc | Santa Ana | CA | Oct 16 | 60 | 12 | 48 | 400% |
| Live Nation Entertainment | Beverly Hills | CA | Dec 16 | 48 | (358) | 406 | 113% |
| Hudson Pacific Properties | Los Angeles | CA | Dec 16 | 44 | (3) | 47 | 1567% |
| Guess? Inc | Los Angeles | CA | Jan 17 | 28 | 319 | (291) | -91% |
| AeroVironment | Monrovia | CA | Apr 17 | 21 | 34 | (13) | -38% |
| Ixia | Calabasas | CA | Dec 16 | 17 | (16) | 33 | 206% |
| Staar Surgical | Monrovia | CA | Dec 16 | (12) | (24) | 12 | 50% |
| Microsemi Corp | Aliso Viejo | CA | Sep 16 | (25) | 66 | (91) | -138% |
| Alexandria Real Estate Equities | Pasadena | CA | Dec 16 | (50) | 101 | (151) | -150% |
| Cornerstone OnDemand | Santa Monica | CA | Dec 16 | (66) | (10) | (56) | -560% |
| Lions Gate Entertainment | Santa Monica | CA | Mar 17 | (134) | (176) | 42 | 24% |
| Total all 66 Los Angeles Area Cos (No Disney) | 27,513 | 108 | 27,405 | 25,375% | |||
| Total all 67 Los Angeles Area Cos | 42,381 | 7,510 | 34,871 | 464% |
