Then in 2017, Trump's First Year in Office,
These Same Northwest Indiana Area Cos Generated Audited Total Pretax Income Which
Decreased By 9% From That in 2016.
........................................................................................
From a review of US SEC filings, there were 3 Companies headquartered
in the Northwest Indiana Area with stock market caps of more than $100 mil
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 Northwest
Indiana Area Companies.
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 and 2015 for these 3 Northwest Indiana Area
Companies.
| FYE | FYE | FYE | 2017 | 2016 | |||||
| 2017 | 2016 | 2015 | Better | Better | |||||
| Audited | Audited | Audited | (Worse) | (Worse) | |||||
| Pretax | Pretax | Pretax | Than | Than | |||||
| Northwest Indiana Area Companies | Most | Income | Income | Income | 2016 | 2015 | |||
| Stock Market Caps Above $100 Mil | Recent | (Loss) | (Loss) | (Loss) | % | % | |||
| FYE | $ mils | $ mils | $ mils | Change | Change | ||||
| NiSource | Merrillville | IN | Dec 17 | 443 | 510 | 340 | -13% | 50% | |
| Horizon Bancorp | Michigan City | IN | Dec 17 | 48 | 33 | 28 | 45% | 18% | |
| Northwest Indiana Bancorp | Munster | IN | Dec 17 | 12 | 12 | 10 | 0% | 20% | |
| Total all 3 Northwest Indiana Area Cos | 503 | 555 | 378 | -9% | 47% |
