Then in 2017, Donald Trump's First Year in
Office, these same Reno Companies Generated Audited Total Pretax Income which declined
by a huge 11% from that in 2016.
........................................................................................
From a review of US SEC filings, there were 5 Companies headquartered
in Reno, Nevada with a stock market cap of more than $1 Bil 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 even come close to
happening in 2017 for Reno 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 5 Reno, Nevada Companies.
| Year | Year | Year | |||||||
| 2017 | 2016 | 2015 | |||||||
| Audited | Audited | Audited | |||||||
| Pretax | Pretax | Pretax | 2017 | 2016 | |||||
| Income | Income | Income | Better | Better | |||||
| (Loss) | (Loss) | (Loss) | (Worse) | (Worse) | |||||
| From | From | From | Than | Than | |||||
| Reno, Nevada Companies | City | State | 2017 | Continuing | Continuing | Continuing | 2016 | 2015 | |
| Stock Market Caps Above $1 Bil | HQs | HQs | FYE | Operations | Operations | Operations | % | % | |
| $ mils | $ mils | $ mils | Change | Change | |||||
| Amerco | Reno | NV | Mar 18 | 638 | 628 | 769 | 2% | -18% | |
| Ormat Technologies | Reno | NV | Dec 17 | 169 | 133 | 108 | 27% | 23% | |
| Employers Holdings | Reno | NV | Dec 17 | 144 | 141 | 99 | 2% | 42% | |
| Tahoe Resources | Reno | NV | Dec 17 | 120 | 209 | (88) | -43% | 338% | |
| Eldorado Resorts | Reno | NV | Dec 17 | (43) | 38 | 45 | -213% | -16% | |
| Total all 5 Reno Area Cos | 1,028 | 1,149 | 933 | -11% | 23% |
