Rhode Island Companies Earnings Up 5% in 2016, Obama's Last Year in Office. Then in 2017, Trump's First Year in Office, These Same Rhode Island Companies Earnings Declined By 11% in 2017 ......................................................................................

From a review of US SEC filings, there were 10 Companies effectively headquartered in Rhode Island with stock market caps of more than $100 mil recently.

These fine 10 Rhode Island Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations of $10.983 Bil in Fiscal Year Ended (FYE) 2017, Down 11% from their similar Total Pretax Income of $12.350 Bil in FYE 2016. 

This 11% Earnings Decline in 2017 was an earnings growth reversal.

In 2016 in Obama’s last year in office, these same 10 Rhode Island Cos posted Audited Total Pretax Income From Continuing Operations of $12.350 Bil in FYE 2016, an Increase of 5% from their similar Total Pretax Income of $11.744 Bil 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 Rhode Island 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 10 Rhode Island Companies with stock market caps above $100 mil recently.

				Year	Year	Year
				2017	2016	2015
				Audited	Audited	Audited
				Pretax	Pretax	Pretax
				Income	Income	Income
			Most	(Loss)	(Loss)	(Loss)
			Recent	From	From	From
Rhode Island Companies	City	State	2017	Continuing	Continuing	Continuing
Stock Market Caps Above $100 Mil	HQs	HQs	FYE	Operations	Operations	Operations
				$ mils	$ mils	$ mils
CVS Health	Woonsocket	RI	Dec 17	8,268	8,637	8,616
Citizens Financial Group	Providence	RI	Dec 17	1,912	1,534	1,263
Hasbro	Pawtucket	RI	Dec 17	786	692	604
Textron	Providence	RI	Dec 17	702	876	971
United Natural Foods	Providence	RI	Jul 17	214	208	230
Washington Trust Bancorp	Westerly	RI	Dec 17	78	69	64
Coastway Bancorp	Cranston	RI	Dec 17	5	6	3
AstroNova	West Warwick	RI	Jan 18	5	7	7
KVH Industries	Middletown	RI	Dec 17	(10)	(2)	3
Intl Game Technology plc	Providence	RI	Dec 17	(977)	323	(17)
Total all 10 Rhode Island Companies				10,983	12,350	11,744
Trump's First Year 2017
….. Pretax Income % Decrease 2017 vs 2016				-11%
Obama's Last Year 2016
….. Pretax Income % Increase 2016 vs 2015				5%