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 Second Quarter
of 2018 and 2017 for these 12 Utah Companies.
| US | US | ||
| GAAP | GAAP | ||
| Pretax | Pretax | ||
| Income | Income | ||
| (Loss) | (Loss) | ||
| June Qtr | June Qtr | Better | |
| July Qtr | July Qtr | (Worse) | |
| Utah Companies | or Aug Qtr | or Aug Qtr | % |
| Market Caps Above $1 Bil | 2018 | 2017 | Change |
| mils $ | mils $ | ||
| Zions Bancorp | 253 | 248 | 2% |
| Extra Space Storage | 105 | 97 | 8% |
| SkyWest | 98 | 81 | 21% |
| Nu Skin Enterprises | 72 | 62 | 16% |
| Usana Health Sciences | 52 | 33 | 58% |
| HealthEquity | 21 | 16 | |
| Myriad Genetics | 16 | 18 | |
| Varex Imaging | 3 | 16 | |
| Merit Medical System | 12 | 11 | |
| Instructure | (12) | (10) | |
| Pluralsight | (44) | (22) | -96% |
| Overstock.com | (66) | (10) | -579% |
| Total all 12 Utah Cos | 510 | 540 | -6% |
