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% |