Friday, October 12, 2018

Tampa/St Pete, Florida Area Companies Total Pretax Income in Obama's Last Two Years in Office (2016 and 2015) Increased By a Very Robust Average of 26% Per Year From That in the Two Preceding Years (2015 and 2014) ....................................................................................

Then in 2017, Trump's First Year in Office, These Same Tampa/St Pete Area Cos Generated Audited Total Pretax Income Which Increased By 1%  From That in 2016.  

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From a review of US SEC filings, there were 8 Companies headquartered in the Tampa/St Pete Area with stock market caps of more than $1 Bil recently.

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, 2015 and 2014 for these 8 Tampa/St Pete Companies with stock market caps above $1 bil recently.
Year Year Year Year
2017 2016 2015 2014
Audited Audited Audited Audited
Pretax Pretax Pretax Pretax
Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
From From From From
Tampa/St Pete, Florida Areas Companies City State 2017 Continuing Continuing Continuing Continuing
Stock Market Caps Above $1 Bil HQs HQs FYE Operations Operations Operations Operations
 $ mils  $ mils  $ mils  $ mils
Raymond James Financial St. Petersburg FL Sep 17                 928                 812                 815                 716
WellCare Health Plans Tampa FL Dec 17                 462                 530                 336                 178
Tech Data Clearwater FL Jan 18                 299                 257                 382                 239
Jabil St. Petersburg FL Aug 17                 256                 387                 432                   72
Masonite Intl Tampa FL Dec 17                 130                 127                 (28)                 (29)
Bloomin Brands Tampa FL Dec 17                 119                   56                 171                 120
Welbilt New Port Richey FL Dec 17                 119                 105                 196                 186
Sykes Enterprises Tampa FL Dec 17                   81                   89                   90                   77
Total all 8 Tampa/St Pete Area Cos              2,394              2,363              2,394              1,559
Trump's First Year 2017
….. Net Income % Increase 2017 vs 2016 1%
Obama's Last Two Years 2016 and 2015
….. Net Income % Decrease 2016 vs 2015 -1%
….. Net Income % Increase 2015 vs 2014 54%
….. Net Income Average Per Year  % Increase 2016 and 2015 26%