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All 15 Georgia Companies With Stock Market Caps Above $10 Bil and Releasing Their December 2018 Quarter Earnings By February 20, 2019 Saw Their Total Pretax Earnings Decline By 13% in the December 2018 Quarter, After Increasing in Both the September 2018 Quarter (Up By 11%) and in the June 2018 Quarter (Up By 18%)
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From a review of company SEC filings and of MSN Money individual company common stock information, I found 16 Georgia Companies with stock market caps sometime in 2018 of more than $10 Bil and with December 2018 Quarter Ends.
Of these 16 Georgia Companies, 15 of them have released their December 2018 Quarterly Earnings by February 20, 2019.
My Focus is on Pretax Income rather than on After-Tax Net Income because Corporate 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.
The chart below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for each quarter of 2018 as compared with that of the prior year quarter of 2017 for each of these 15 Georgia Companies.
| US | US | US | US | US | US | US | US | ||||||||
| GAAP | GAAP | GAAP | GAAP | GAAP | GAAP | GAAP | GAAP | ||||||||
| Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | Pretax | ||||||||
| Income | Income | Income | Income | Income | Income | Income | Income | ||||||||
| (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | ||||||||
| Georgia Cos | Dec | Dec | Better | Sept | Sept | Better | June | June | Better | March | March | Better | |||
| Stock Market Caps Above $10 Bil | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | 2018 | 2017 | (Worse) | |||
| December 2018 Qtr Earnings | Quarter | Quarter | % | Quarter | Quarter | % | Quarter | Quarter | % | Quarter | Quarter | % | |||
| Released By February 20, 2019 | End | End | Change | End | End | Change | End | End | Change | End | End | Change | |||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | ||||||||
| Delta Air Lines | 1,344 | 1,044 | 29% | 1,674 | 1,776 | -6% | 1,372 | 1,831 | -25% | 718 | 849 | -15% | |||
| SunTrust Banks | 796 | 668 | 19% | 849 | 765 | 11% | 895 | 752 | 19% | 792 | 629 | 26% | |||
| Coca-Cola | 787 | 937 | -16% | 2,847 | 1,674 | 70% | 2,883 | 2,624 | 10% | 1,833 | 1,507 | 22% | |||
| IntercontinentalExchange | 738 | 671 | 10% | 554 | 563 | -2% | 611 | 567 | 8% | 617 | 725 | -15% | |||
| AFLAC | 722 | 999 | -28% | 1,146 | 1,075 | 7% | 1,131 | 1,045 | 8% | 982 | 898 | 9% | |||
| United Parcel Services | 543 | 1,371 | -60% | 1,889 | 1,937 | -2% | 1,926 | 2,119 | -9% | 1,661 | 1,710 | -3% | |||
| Fleetcor Technologies | 397 | 208 | 91% | 238 | 328 | -27% | 231 | 190 | 22% | 229 | 167 | 37% | |||
| Genuine Parts | 254 | 222 | 14% | 292 | 246 | 19% | 300 | 297 | 1% | 229 | 244 | -6% | |||
| WestRock | 203 | 60 | 238% | 375 | 246 | 52% | 356 | 387 | -8% | 243 | 142 | 71% | |||
| Mohawk Industries | 198 | 332 | -40% | 278 | 372 | -25% | 316 | 344 | -8% | 257 | 269 | -4% | |||
| Total Systems Services | 177 | 156 | 13% | 187 | 179 | 4% | 180 | 173 | 4% | 161 | 150 | 7% | |||
| Invesco Ltd | 148 | 399 | -63% | 342 | 398 | -14% | 314 | 342 | -8% | 334 | 290 | 15% | |||
| Southern Co | 120 | 324 | -63% | 1,845 | 1,699 | 9% | (266) | (1,935) | NM | 1,049 | 980 | 7% | |||
| Global Payments | 114 | 108 | 6% | 180 | 134 | 34% | 146 | 85 | 72% | 122 | 65 | 88% | |||
| Rollins Inc | 71 | 69 | 3% | 90 | 83 | 8% | 90 | 86 | 5% | 59 | 57 | 4% | |||
| Total all 15 Georgia Cos | 6,612 | 7,568 | -13% | 12,786 | 11,475 | 11% | 10,485 | 8,907 | 18% | 9,286 | 8,682 | 7% |
