These exceptional 34 Washington Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations in Fiscal Year Ended (FYE) 2017 of $69.744 Bil, an Increase of 25% Above That in FYE 2016 of $55.805 Bil.
And when the Two Gold-Plated Giants Amazon and Microsoft are excluded, the other 32 Washington Companies performed even better on the earnings front, posting Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations in Fiscal Year Ended (FYE) 2017 of $29.468 Bil, an incredible increase of 33% above that in FYE 2016 of $22.108 Bil.
Nearly all Republicans, a high percentage of Independents and even many perceptive Democrats all agree as a starting point that for US capitalism to work properly, Companies must generate in the aggregate reasonably healthy profits. And did this ever happen with the State of Washington's Companies in 2017.
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.
Year | Year | |||||
2017 | 2016 | |||||
Audited | Audited | |||||
Pretax | Pretax | |||||
Income | Income | |||||
(Loss) | (Loss) | |||||
From | From | |||||
Washington State Companies | City | State | 2017 | Continuing | Continuing | Better |
Stock Market Caps Above $1 Bil | HQs | HQs | FYE | Operations | Operations | (Worse) |
$ mils | $ mils | % | ||||
The Two Tech Software & Services Giants | ||||||
Microsoft (World's 3rd Highest Stock Market Cap) | Redmond | WA | Jun 18 | 36,474 | 29,901 | 22% |
Amazon (World's 2nd Highest Stock Market Cap) | Seattle | WA | Dec 17 | 3,802 | 3,796 | 0% |
All Other Washington State Companies | ||||||
Boeing | Seattle | WA | Dec 17 | 10,047 | 5,568 | 80% |
Starbucks | Seattle | WA | Sep 17 | 4,318 | 4,199 | 3% |
Costco | Issaquah | WA | Aug 17 | 4,039 | 3,619 | 12% |
T-Mobile US | Bellevue | WA | Dec 17 | 3,161 | 2,327 | 36% |
Paccar | Bellevue | WA | Dec 17 | 2,173 | 1,130 | 92% |
Fortive Corp | Everett | WA | Dec 17 | 1,284 | 1,197 | 7% |
Alaska Air Group | Seattle | WA | Dec 17 | 1,207 | 1,345 | -10% |
Nordstrom | Seattle | WA | Jan 18 | 790 | 684 | 15% |
Expeditors Intl Washington | Seattle | WA | Dec 17 | 719 | 687 | 5% |
Weyerhaeuser | Seattle | WA | Dec 17 | 716 | 504 | 42% |
F5 Networks | Seattle | WA | Sep 17 | 576 | 550 | 5% |
Expedia | Bellevue | WA | Dec 17 | 417 | 277 | 51% |
Washington Federal | Seattle | WA | Sep 17 | 256 | 248 | 3% |
Avista | Spokane | WA | Dec 17 | 198 | 215 | -8% |
Columbia Banking System | Tacoma | WA | Dec 17 | 178 | 150 | 19% |
Esterline Technologies | Bellevue | WA | Sep 17 | 153 | 136 | 13% |
Banner Corp | Walla Walla | WA | Dec 17 | 151 | 130 | 16% |
Itron | Liberty Lake | WA | Dec 17 | 135 | 85 | 59% |
Potlatch Deltic | Spokane | WA | Dec 17 | 118 | 7 | 1586% |
Mercer Intl | Seattle | WA | Dec 17 | 104 | 59 | 76% |
TrueBlue | Tacoma | WA | Dec 17 | 78 | (20) | NM |
Heritage Financial | Olympia | WA | Dec 17 | 60 | 53 | 13% |
Trupanion | Seattle | WA | Dec 17 | (2) | (7) | NM |
Redfin | Seattle | WA | Dec 17 | (15) | (23) | NM |
Apptio | Bellevue | WA | Dec 17 | (25) | (31) | NM |
Smartsheet | Bellevue | WA | Jan 18 | (49) | (15) | NM |
Avalara | Seattle | WA | Dec 17 | (65) | (57) | NM |
Seattle Genetics | Bothell | WA | Dec 17 | (159) | (140) | NM |
Tableau Software | Seattle | WA | Dec 17 | (179) | (137) | NM |
Zillow Group | Seattle | WA | Dec 17 | (184) | (220) | NM |
Alder Biopharmaceuticals | Bothell | WA | Dec 17 | (289) | (156) | NM |
Juno Therapeutics | Seattle | WA | Dec 17 | (443) | (256) | NM |
Total all 32 Cos Excluding Microsoft and Amazon | 29,468 | 22,108 | 33% | |||
Total all 34 Washington State Companies | 69,744 | 55,805 | 25% |