Friday, October 12, 2018

Miami/Ft Lauderale, Florida Area Companies Generated Total Pretax Income Growth of 41% in 2016 and of 28% in 2015, Obama's Last Two Years in Office ....................................................................................

Then in 2017, Trump's First Year in Office, These Same Miami/Ft Lauderdale Area Cos Generated Audited Total Pretax Income Which Declined By 4%  From That in 2016.  

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From a review of US SEC filings, there were 24 Companies headquartered in the Miami/Ft Lauderdale Area with stock market caps of more than $1 Bil 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 happen in 2017 for Miami/Ft Lauderdale Area Companies.

It’s clear to me why Obama is now respected by many Miami/Ft Lauderdale 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.

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, 2015 and 2014 for these 24 Miami/Ft Lauderdale Companies with stock market caps above $1 bil recently.
Year Year Year Year
2017 2016 2015 2014
Audited Audited Audited Audited
Pretax Pretax Pretax Pretax
Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
From From From From
Miami/Ft Lauderdale, Florida Areas Companies City State 2017 Continuing Continuing Continuing Continuing
Stock Market Caps Above $1 Bil HQs HQs FYE Operations Operations Operations Operations
 $ mils  $ mils  $ mils  $ mils
Carnival Miami FL Nov 17              2,666              2,828              1,799              1,225
Royal Caribbean Miami FL Dec 17              1,625              1,283                 666                 764
Lennar Miami FL Nov 17              1,190              1,330              1,210                 970
Restaurant Brands Intl Miami FL Dec 17              1,102              1,200                 674               (254)
Norwegian Cruise Line Miami FL Dec 17                 771                 640                 434                 340
AutoNation Fort Lauderdale FL Dec 17                 637                 702                 723                 682
Citrix Systems Fort Lauderdale FL Dec 17                 550                 528                 165                 148
Mednax Sunrise FL Dec 17                 410                 514                 540                 509
BankUnited Miami Lakes FL Dec 17                 404                 335                 297                 293
MasTec Coral Gables FL Dec 17                 372                 226                 (68)                 198
Spirit Airlines Miramar FL Dec 17                 354                 419                 502                 353
Watsco Coconut Grove FL Dec 17                 348                 342                 331                 301
Ryder System Miami FL Dec 17                 314                 406                 469                 338
Heico Hollywood FL Oct 17                 298                 257                 225                 199
National Beverage Fort Lauderdale FL Apr 18                 205                 163                   93                   75
ILG Inc Miami FL Dec 17                 197                 324                 116                 126
FCB Financial Holdings Weston FL Dec 17                 179                 156                   59                   36
Universal Insurance Holdings Fort Lauderdale FL Dec 17                 170                 163                 175                 128
Fresh Del Monte Produce Coral Gables FL Dec 17                 144                 237                   80                 159
Vector Group Ltd Miami FL Dec 17                   89                 126                 108                   82
Ultimate Software Group Weston FL Dec 17                   44                   41                   43                   54
NV5 Global Hollywood FL Dec 17                   25                   18                   13                     8
World Fuel Services Miami FL Dec 17                 (21)                 142                 218                 275
OPKO Health Miami FL Dec 17               (290)                 (81)               (145)               (175)
Total all 24 Miami/Ft Lauderdale Area Cos            11,783            12,299              8,727              6,834
Trump's First Year 2017
… Pretax Income % Decrease 2017 vs 2016 -4%
Obama's Last Two Years 2016 and 2015
… Pretax Income % Increase 2016 vs 2015 41%
… Pretax Income % Increase 2015 vs 2014 28%


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