Saturday, October 20, 2018

South Dakota Companies Pretax Earnings Increase By 8% in the First Half of 2018 ..............................................................................

From a review of US SEC filings, there were 5 Companies headquartered in South Dakota with stock market caps of more than $1 Bil several months ago.

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 First Half of 2018 and 2017 for these 5 South Dakota Companies.

US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss)
6 Months 6 Months
Ended Ended
June June Better
July July (Worse)
South Dakota Companies or Aug or Aug %
Market Caps Above $1 Bil 2018 2017  Change
mils $ mils $
Black Hills                 147                 153
Great Western Bancorp                 117                 106
Northwestern Corp                 107                   85
Meta Financial Group                   45                   52
Raven Industries                   44                   30
Total all 5 South Dakota Companies                 460                 426 8%