As a Comparison, in Barack Obama's Last Year in Office in 2016, Nevada Companies Total Pretax Earnings Growth Was 224% Over That in Annual 2015
......................................................................
And Nevada Companies Had Their Total Pretax Earnings Increase By $6.0 Bil During the Obama Administration, Going From a Total Pretax Loss of $1.9 Bil in 2009 to Total Pretax Income of $4.1 Bil in 2016
......................................................................
From a review of US SEC filings, there were 19
Companies headquartered in Nevada with stock market caps of more
than $1 Bil recently.......................................................................
And Nevada Companies Had Their Total Pretax Earnings Increase By $6.0 Bil During the Obama Administration, Going From a Total Pretax Loss of $1.9 Bil in 2009 to Total Pretax Income of $4.1 Bil in 2016
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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 didn’t even come close to happening with
Nevada Company US Operations in the First Half of 2018. However, it did happen in Annual 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 Gold-Standard
US GAAP Pretax Income (Loss) From Continuing Operations for the First Half of
2018 and 2017 for these 19 Nevada Companies.
| US | US | ||
| GAAP | GAAP | ||
| Pretax | Pretax | ||
| Income | Income | ||
| (Loss) | (Loss) | ||
| 6 Months | 6 Months | ||
| Ended | Ended | ||
| June | June | Better | |
| July | July | (Worse) | |
| Nevada Companies | or Aug | or Aug | % |
| Market Caps Above $1 Bil | 2018 | 2017 | Change |
| mils $ | mils $ | ||
| Las Vegas Sands (LVS) | 1,802 | 1,365 | 32% |
| MGM Resorts Intl | 345 | 630 | -45% |
| Red Rock Resorts | 207 | (6) | 3550% |
| Amerco | 139 | 188 | -26% |
| Allegiant Travel | 132 | 146 | -10% |
| Southwest Gas Holdings | 130 | 131 | |
| MGM Growth Properties LLC | 108 | 93 | |
| Boyd Gaming | 103 | 97 | |
| Employers Holdings | 80 | 62 | |
| Ormat Technologies | 79 | 95 | |
| Eldorado Resorts | 69 | (84) | 182% |
| Pinnacle Entertainment | 42 | 27 | |
| Switch | 14 | 35 | |
| SendGrid | (2) | (3) | |
| Spectrum Pharmaceuticals | (2) | (44) | |
| Tahoe Resources | (9) | 141 | |
| Cannae Holdings | (29) | (48) | |
| Wynn Resorts Ltd | (52) | 244 | -121% |
| Scientific Games | (202) | (117) | -73% |
| Total 18 Nevada Cos (No LVS) | 1,152 | 1,588 | -27% |
| Total all 19 Nevada Companies | 2,954 | 2,953 | 0% |
Also from a review of SEC filings, the chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for Annual 2016, 2015 and 2009 for these Nevada Companies During the Obama Administration.
| Obama | ||||||
| Obama | Second | Obama | ||||
| Last | Last | First | ||||
| Year | Year | Year | ||||
| 2016 | 2015 | 2009 | ||||
| Audited | Audited | Audited | ||||
| Pretax | Pretax | Pretax | ||||
| Income | Income | Income | ||||
| (Loss) | (Loss) | (Loss) | ||||
| Nevada Companies | From | From | From | |||
| During Obama Administration Years | City | State | 2016 | Continuing | Continuing | Continuing |
| Stock Market Caps Above $1 Bil | HQs | HQs | FYE | Operations | Operations | Operations |
| $ mils | $ mils | $ mils | ||||
| Las Vegas Sands | Las Vegas | NV | Dec 16 | 2,255 | 2,622 | (373) |
| MGM Resorts Intl | Las Vegas | NV | Dec 16 | 1,259 | (1,046) | (2,013) |
| Amerco | Reno | NV | Mar 17 | 638 | 628 | 100 |
| Allegiant Travel | Las Vegas | NV | Dec 16 | 346 | 347 | 121 |
| Wynn Resorts Ltd | Las Vegas | NV | Dec 16 | 311 | 289 | 311 |
| Employers Holdings | Reno | NV | Dec 16 | 141 | 99 | 92 |
| Ormat Technologies | Reno | NV | Dec 16 | 133 | 108 | 80 |
| Eldorado Resorts | Reno | NV | Dec 16 | 38 | 45 | (81) |
| Boyd Gaming | Las Vegas | NV | Dec 16 | 8 | 4 | 5 |
| Spectrum Pharmaceuticals | Henderson | NV | Dec 16 | (72) | (52) | (20) |
| Scientific Games | Las Vegas | NV | Dec 16 | (479) | (1,694) | (26) |
| Pinnacle Entertainment | Las Vegas | NV | Dec 16 | (486) | 57 | (81) |
| Total all 12 Nevada Cos | 4,092 | 1,407 | (1,885) | |||
Total Pretax Income Increase
in $ mils
|
||||||
….. 2016 vs 2009 (Obama's Last
Year vs First Year)
|
5,977
|
|||||
| Southwest Gas Holdings | Las Vegas | NV | Dec 16 | 232 | 219 |
N/A
|
| Tahoe Resources | Reno | NV | Dec 16 | 209 | (88) |
N/A
|
| Red Rock Resorts | Las Vegas | NV | Dec 16 | 164 | 143 |
N/A
|
| MGM Growth Properties LLC | Las Vegas | NV | Dec 16 | 38 | (262) |
N/A
|
| Switch | Las Vegas | NV | Dec 16 | 31 | 73 |
N/A
|
| Cannae Holdings | Las Vegas | NV | Dec 16 | (24) | (30) |
N/A
|
| Total all 18 Nevada Cos | 4,742 | 1,462 | ||||
Total Pretax Income % Increase
|
||||||
….. 2016 vs 2015 (Obama's Last
Year vs Second Last Year)
|
224% |
