Wednesday, October 10, 2018

Washington DC Companies Total Pretax Earnings Increase By 7% in 2017 and Double That to Up 14% in 2016 ......................................................................................

From a review of US SEC filings, there were 9 Companies headquartered in Washington DC 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 Years Ended 2017, 2016 and 2015 for these 9 Washington DC Companies.
Year Year Year
2017 2016 2015
Audited Audited Audited
Pretax Pretax Pretax
Income Income Income
Most (Loss) (Loss) (Loss)
Recent  From From From
Washington DC Companies City State 2017 Continuing Continuing Continuing
Stock Market Caps Above $1 Bil HQs HQs FYE Operations Operations Operations
 $ mils  $ mils  $ mils
Fannie Mae Washington DC Dec 17            18,447            18,333            16,208
Danaher Washington DC Dec 17              2,939              2,611              2,039
The Carlyle Group LP Washington DC Dec 17              1,132                   45                 402
WGL Holdings Washington DC Dec 17                 289                 266                 216
CoStar Group Washington DC Dec 17                 165                 137                     3
FTI Consulting Washington DC Dec 17                   87                 128                 105
Cogent Communications Washington DC Dec 17                   31                   24                   13
Washington REIT Washington DC Dec 17                   20                 119                   89
Vanda Pharmaceuticals Washington DC Dec 17                 (15)                 (18)                 (40)
Total all 9 Washington DC Companies            23,095            21,645            19,035
Trump's First Year 2017
….. Pretax Income % Increase 2017 vs 2016 7%
Obama's Last Year 2016
….. Pretax Income % Increase 2016 vs 2015 14%