Thursday, October 18, 2018

Louisiana Companies Pretax Earnings Increase By 17% in the First Half of 2018, Led By CenturyLink, Whose Reported Earnings Growth of 36% Benefited From a $119 Mil Loss on Sale of Data Centers and Colocation Business in the First Half of 2017 ...............................................................................


From a review of US SEC filings, there were 9 Companies headquartered in Louisiana 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 First Six Months of 2018 and 2017 for these 9 Louisiana Companies.

US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss)
6 Months 6 Months
June June Better
July July (Worse)
Louisiana Companies or Aug or Aug %
Market Caps Above $1 Bil 2018 2017  Change
mils $ mils $
CenturyLink                 473                 347 36%
IBERIABANK                 187                 153
Pool Corp                 186                 177
Entergy Corp                 148                 170
Lamar Advertising                 121                 140
Amedisys                   81                   28
H&E Equipment Services                   41                   24
AMERISAFE                   40                   41
LHC Group                   37                   39
Total all 9 Louisiana Companies              1,314              1,119 17%