Tuesday, October 9, 2018

New York Non-Financial Companies Total Pretax Earnings Increase By a Very Modest 2% in 2017, Trump's First Year in Office ...... This is Nothing to Write Home About ......................................................................................

From a review of US SEC filings, there were a large number of 94 Non-Financial Companies headquartered in New York with stock market caps of more than $1 Bil.

These fine 94 New York Non-Financial Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations of a massive $110.3 Bil in Fiscal Year Ended (FYE) 2017, an Increase of only 2% from their similar Total Pretax Income of $107.8 Bil in FYE 2016.

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 happen in the aggregate for the Non-Financial New York Cos in 2017.

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 Years Ended 2017 and 2016 for these 94 New York Non-Financial Companies with stock market caps above $1 Bil recently.

Year Year
2017 2016
Audited Audited
Pretax Pretax
Income Income
  (Loss) (Loss)
    From From
New York Non-Financial Companies City State 2017 Continuing Continuing  Better   Better 
Stock Market Caps Above $1 Bil HQs HQs FYE Operations Operations  (Worse)   (Worse) 
   $ mils  $ mils  $ mils  % 
Verizon Communications New York NY Dec 17          20,594          20,986             (392) -2%
Pfizer New York NY Dec 17          12,305            8,351            3,954 47%
International Business Machines Armonk NY Dec 17          11,400          12,330             (930) -8%
Philip Morris New York NY Dec 17          10,648          10,018               630 6%
PepsiCo Purchase NY Dec 17            9,602            8,553            1,049 12%
Time Warner New York NY Dec 17            5,945            5,195               750 14%
Bristol-Myers Squibb New York NY Dec 17            5,131            5,915             (784) -13%
Twenty-First Century Fox New York NY Jun 18            4,410            4,689             (279) -6%
Colgate Palmolive New York NY Dec 17            3,487            3,738             (251) -7%
Constellation Brands Victor NY Feb 18            2,343            2,093               250 12%
Viacom New York NY Sep 17            2,212            1,990               222 11%
Regeneron Pharmaceuticals Tarrytown NY Dec 17            2,079            1,330               749 56%
Consolidated Edison New York NY Dec 17            1,997            1,943                 54 3%
Estee Lauder New York NY Jun 18            1,980            1,617               363 22%
CBS Corp New York NY Dec 17            1,942            2,180             (238) -11%
Omnicom Group New York NY Dec 17            1,888            1,847                 41 2%
Corning Inc Corning NY Dec 17            1,657            3,692          (2,035) -55%
Paychex Rochester NY May 18            1,296            1,245                 51 4%
Sirius XM Holdings New York NY Dec 17            1,264            1,092               172 16%
Thomson Reuters New York NY Dec 17            1,188            1,041               147 14%
CA Inc New York NY Mar 18            1,021            1,073               (52) -5%
JetBlue Airways Long Island City NY Dec 17               921            1,216             (295) -24%
Interpublic Group of Cos New York NY Dec 17               877               831                 46 6%
L3 Technologies New York NY Dec 17               871               804                 67 8%
Nielsen Holdings New York NY Dec 17               828               816                 12 1%
Henry Schein Melville NY Dec 17               822               774                 48 6%
Tiffany New York NY Jan 18               761               677                 84 12%
Michael Kors New York NY Mar 18               742               689                 53 8%
AMC Networks New York NY Dec 17               640               455               185 41%
Tapestry New York NY Jun 18               597               759             (162) -21%
Foot Locker New York NY Jan 18               578            1,004             (426) -42%
Intl Flavors & Fragrances New York NY Dec 17               537               524                 13 2%
PVH Corp New York NY Jan 18               510               674             (164) -24%
Ralph Lauren New York NY Mar 18               489             (105)               594 NM
Arconic New York NY Dec 17               470               414                 56 14%
Xylem Rye Brook NY Dec 17               466               340               126 37%
National Fuel Gas Williamsville NY Sep 17               444             (524)               968 NM
MSC Industrial Direct Melville NY Aug 17               368               372                 (4) -1%
Ubiquiti Networks New York NY Jun 18               314               285                 29 10%
ITT Inc White Plains NY Dec 17               309               258                 51 20%
MSG Networks New York NY Jun 18               273               276                 (3) -1%
Bunge Ltd White Plains NY Dec 17               230               996             (766) -77%
Macquarie Infrastructure New York NY Dec 17               222               226                 (4) -2%
Loral Space & Comm Equip New York NY Dec 17               208                 76               132 174%
Newmark Group New York NY Dec 17               203               171                 32 19%
Minerals Technologies New York NY Dec 17               192               172                 20 12%
Park City Holdco Elmsford NY Dec 17               188               187                   1 1%
Moog East Aurora NY Sep 17               182               173                   9 5%
Steven Madden Ltd Long Island City NY Dec 17               173               171                   2 1%
Shake Shak New York NY Dec 17               160                 28               132 471%
HRG Group New York NY Sep 17               151               176               (25) -14%
Weight Watchers Intl New York NY Dec 17               145                 84                 61 73%
Sothebys New York NY Dec 17               144               100                 44 44%
Atlas Air Worldwide Purchase NY Dec 17               143                 89                 54 61%
Take-Two Interactive New York NY Mar 18               137                 77                 60 78%
New York Times New York NY Dec 17               111                 31                 80 258%
G-III Apparel Group Ltd New York NY Jan 18               110                 78                 32 41%
Prestige Brands Holdings Tarrytown NY Mar 18               107               111                 (4) -4%
Monro Rochester NY Mar 18               103                 97                   6 6%
Ship Finance Intl Ltd New York NY Dec 17               101               146               (45) -31%
Standard Motor Products Long Island City NY Dec 17                 96                 99                 (3) -3%
GrubHub New York NY Dec 17                 90                 84                   6 7%
Balchem New Hampton NY Dec 17                 88                 83                   5 6%
ABM Industries New York NY Oct 17                 87                 52                 35 67%
ExlService Holdings New York NY Dec 17                 85                 84                   1 1%
Hain Celestial Group Lake Success NY Jun 18                 81                 88                 (7) -8%
Inter Parfums New York NY Dec 17                 78                 67                 11 16%
Gibraltar Industries Buffalo NY Dec 17                 78                 50                 28 56%
Systemax Port Washington NY Dec 17                 71                 26                 45 173%
IAC/Interactive New York NY Dec 17                 67               (81)               148 NM
Medidata Solutions New York NY Dec 17                 52                 37                 15 41%
Etsy Inc Brooklyn NY Dec 17                 32                 (3)                 35 NM
Shutterstock New York NY Dec 17                 30                 44               (14) -32%
Conmed Utica NY Dec 17                 29                 19                 10 53%
Astronics East Aurora NY Dec 17                 25                 69               (44) -64%
Verint Systems Melville NY Jan 18                 19               (23)                 42 NM
Madison Square Garden New York NY Jun 18                 18               (81)                 99 NM
Presidio New York NY Jun 18                   0                   7                 (7) -94%
Scholastic Corp New York NY May 18                 (2)                 88               (90) -102%
Varonis Systems Inc New York NY Dec 17               (11)               (17)                   6 NM
LivePerson New York NY Dec 17               (18)               (20)                   2 NM
Yext Inc New York NY Dec 17               (66)               (43)               (23) NM
MongoDB New York NY Jan 18               (95)               (86)                 (9) NM
Intra-Cellular Therapies New York NY Dec 17               (99)             (115)                 16 NM
Teladoc Purchase NY Dec 17             (107)               (74)               (33) NM
Athenex Buffalo NY Dec 17             (131)               (88)               (43) NM
Coty Inc New York NY Jun 18             (153)             (658)               505 NM
ANGI Homeservices New York NY Dec 17             (154)                 22             (176) -800%
Revlon New York NY Dec 17             (164)                   9             (173) -1922%
Intercept Pharmaceuticals New York NY Dec 17             (360)             (413)                 53 NM
ADT Inc New York NY Dec 17             (422)             (802)               380 NM
News Corp New York NY Jun 18          (1,089)             (615)             (474) NM
Altice USA Long Island City NY Dec 17          (1,331)             (803)             (528) NM
Hess Corp New York NY Dec 17          (5,778)          (3,854)          (1,924) NM
Total all 94 New York Non-Financial Cos        110,262        107,798            2,464 2%



Posted by at