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 Second and
First Quarters and the First Half of both 2018 and 2017 for these 7 fine Oregon
Companies.
| US | US | |||||||||||
| GAAP | GAAP | |||||||||||
| US | US | US | US | Pretax | Pretax | |||||||
| GAAP | GAAP | GAAP | GAAP | Income | Income | |||||||
| Pretax | Pretax | Pretax | Pretax | (Loss) | (Loss) | |||||||
| Income | Income | Income | Income | 6 Months | 6 Months | |||||||
| (Loss) | (Loss) | (Loss) | (Loss) | Ended | Ended | |||||||
| June Qtr | June Qtr | Better | Mar Qtr | Mar Qtr | Better | June | June | Better | ||||
| July Qtr | July Qtr | (Worse) | Apr Qtr | Apr Qtr | (Worse) | July | July | (Worse) | ||||
| Oregon Companies | or Aug Qtr | or Aug Qtr | % | or May Qtr | or May Qtr | % | or Aug | or Aug | % | |||
| Market Caps Above $1 Bil | 2018 | 2017 | Change | 2018 | 2017 | Change | 2018 | 2017 | Change | |||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | |||||||
| Nike | 1,270 | 1,072 | 18% | 1,215 | 1,168 | 4% | 2,485 | 2,240 | 11% | |||
| Umpqua Holdings | 88 | 89 | 102 | 73 | 190 | 162 | ||||||
| Lithia Motors | 81 | 88 | 70 | 81 | 151 | 169 | ||||||
| FLIR Systems | 83 | 63 | 55 | 56 | 138 | 119 | ||||||
| Portland General Electric | 52 | 42 | 72 | 96 | 124 | 138 | ||||||
| Columbia Sportswear | 13 | (16) | 61 | 49 | 74 | 33 | 124% | |||||
| Northwest Natural Gas | (0) | 7 | 57 | 67 | 57 | 76 | ||||||
| Total all 7 Oregon Companies | 1,587 | 1,345 | 18% | 1,632 | 1,590 | 3% | 3,219 | 2,937 | 10% |
