Wednesday, October 10, 2018

Oregon Companies Pretax Earnings Up 7% in 2016, Obama's Last Year in Office. Then in 2017, Trump's First Year in Office, These Same Oregon Companies Pretax Earnings Declined Sharply By 13% in 2017 ......................................................................................

From a review of US SEC filings, there were 9 Companies headquartered in Oregon with stock market caps of more than $1 Bil recently.

These fine 9 Oregon Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations in Fiscal Year Ended (FYE) 2017 Which Declined By 13% from their similar Total Pretax Income in FYE 2016. 

This 13% Earnings Decline in 2017 was an earnings growth reversal.

In 2016 in Obama’s last year in office, these same 9 Oregon Cos posted Audited Total Pretax Income From Continuing Operations Which Increased By 7% from their similar Total Pretax Income in FYE 2015.

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 for Oregon 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, 2016 and 2015 for these 9 Oregon Companies.
Year Year Year
2017 2016 2015
Audited Audited Audited
Pretax Pretax Pretax
Income Income Income
(Loss) (Loss) (Loss)
  From From From
Oregon Companies City State 2017 Continuing Continuing Continuing
Stock Market Caps Above $1 Bil HQs HQs FYE Operations Operations Operations
 $ mils  $ mils  $ mils
Nike Beaverton OR May 18              4,325              4,886              4,623
Lithia Motors Medford OR Dec 17                 347                 284                 263
Umpqua Holdings Portland OR Dec 17                 342                 366                 347
FLIR Systems Wilsonville OR Dec 17                 279                 276                 305
Portland General Electric Portland OR Dec 17                 273                 243                 217
Columbia Sportswear Portland OR Dec 17                 267                 257                 247
Greenbrier Cos Lake Oswego OR Aug 17                 224                 397                 377
Lattice Semiconductor Portland OR Dec 17                 (70)                 (44)               (127)
Northwest Natural Gas Portland OR Dec 17                 (86)                 100                   89
Total all 9 Oregon Companies              5,901              6,765              6,341
Trump's First Year 2017
….. Pretax Income % Decrease 2017 vs 2016 -13%
Obama's Last Year 2016
….. Pretax Income % Increase 2016 vs 2015 7%