San Diego, California Area Companies Total Pretax Earnings Up 2% in 2016, Obama's Last Year in Office. Then in 2017, Trump's First Year in Office, These Same San Diego Area Companies Total Pretax Income Goes Down the Tubes, Declining By a Huge 33% in 2017 ......................................................................................

From a review of US SEC filings, there were 31 Companies headquartered in the San Diego, California Area with stock market caps of more than $1 Bil recently.

In Trump's First Year in Office in 2017, these fine 31 San Diego Area Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations in Fiscal Year Ended (FYE) 2017 Which Declined By a Huge 33% from their similar Total Pretax Income in FYE 2016. 

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 even come close to happening for San Diego Areas 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 31 San Diego Area Companies.

				Year	Year	Year
				2017	2016	2015
				Audited	Audited	Audited
				Pretax	Pretax	Pretax
				Income	Income	Income
				(Loss)	(Loss)	(Loss)
				From	From	From
San Diego Area Companies	City	State	2017	Continuing	Continuing	Continuing
Stock Market Caps Above $1 Bil	HQs	HQs	FYE	Operations	Operations	Operations
				$ mils	$ mils	$ mils
Qualcomm	San Diego	CA	Sep 17	3,020	6,833	6,487
Sempra Energy	San Diego	CA	Dec 17	1,627	1,908	1,789
Illumina	San Diego	CA	Dec 17	1,043	561	583
ResMed	San Diego	CA	Jun 18	521	419	440
Realty Income Corp	San Diego	CA	Dec 17	325	320	288
BofI Holding	San Diego	CA	Jun 18	240	233	205
Jack in the Box	San Diego	CA	Sep 17	220	199	178
AMN Healthcare Services	San Diego	CA	Dec 17	193	176	121
PriceSmart	San Diego	CA	Aug 17	133	131	137
Encore Capital Group	San Diego	CA	Dec 17	131	57	98
WD-40 Company	San Diego	CA	Aug 17	75	73	63
NuVasive Inc	San Diego	CA	Dec 17	74	65	112
Callaway Golf Co	Carlsbad	CA	Dec 17	68	58	20
Halozyme Therapeutics	San Diego	CA	Dec 17	62	(102)	(32)
Ligand Pharmaceuticals	San Diego	CA	Dec 17	57	8	35
ICU Medical	San Clemente	CA	Dec 17	51	85	70
Retail Opportunity Investments Corp	San Diego	CA	Dec 17	43	36	25
American Assets Trust	San Diego	CA	Dec 17	40	46	54
Cubic Corp	San Diego	CA	Sep 17	4	(7)	72
Quidel	San Diego	CA	Dec 17	(8)	(16)	(9)
Ionis Pharmaceuticals	Carlsbad	CA	Dec 17	(23)	(84)	(88)
AnaptysBio	San Diego	CA	Dec 17	(30)	(4)	(5)
MaxLinear Inc	Carlsbad	CA	Dec 17	(34)	64	(43)
DexCom Inc	San Diego	CA	Dec 17	(49)	(65)	(58)
Kratos Defense & Security Solutions	San Diego	CA	Dec 17	(51)	(52)	(45)
Retrophin	San Diego	CA	Dec 17	(58)	(58)	105
Mirati Therapeutics	San Diego	CA	Dec 17	(70)	(83)	(65)
Arena Pharmaceuticals	San Diego	CA	Dec 17	(96)	(12)	(111)
ViaSat Inc	Carlsbad	CA	Mar 18	(105)	25	18
Neurocrine Biosciences	San Diego	CA	Dec 17	(143)	(141)	(89)
ACADIA Pharmaceuticals	San Diego	CA	Dec 17	(288)	(270)	(164)
Total all 31 San Diego Area Cos				6,972	10,403	10,191
Trump's First Year 2017
… Pretax Income % Decrease 2017 vs 2016				-33%
Obama's Last Year 2016
… Pretax Income % Increase 2016 vs 2015				2%