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.
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% |