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All 11 Nevada Companies With Stock Market Caps Above $1 Bil Releasing Their December 2018 Earnings By February 22, 2019 Posted 2018 Quarterly Total Pretax Earnings % Changes as Follows: Down 22% in the March 2018 Quarter, Up 7% in the June 2018 Quarter, Down 28% in the September 2018 Quarter and Down 12% in the December 2018 Quarter
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The Huge Las Vegas Sands Saw Its March 2018 Quarter Pretax Earnings Increase of 61% Reverse Course in the December 2018 Quarter to a Decline of 20%
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From a review of company SEC filings and of MSN Money individual company common stock information, I found 17 Nevada Companies with stock market caps sometime in 2018 of more than $1 Bil and with December 2018 Quarter Ends.
Of these 17 Nevada Companies, 11 of them have released their December 2018 Quarterly Earnings by February 22, 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 11 Nevada 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) | ||||||||
| Nevada Companies | Dec | Dec | Better | Sept | Sept | Better | June | June | Better | March | March | Better | |||
| Stock Market Caps Above $1 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 22, 2019 | End | End | Change | End | End | Change | End | End | Change | End | End | Change | |||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | ||||||||
| Las Vegas Sands | 742 | 932 | -20% | 782 | 757 | 3% | 757 | 717 | 6% | 1,045 | 648 | 61% | |||
| Scientific Games | 214 | (48) | -546% | (352) | (64) | 450% | (6) | (33) | NM | (196) | (84) | NM | |||
| Wynn Resorts Ltd | 155 | 210 | -26% | 216 | 106 | 104% | 196 | 109 | 80% | (249) | 135 | -284% | |||
| Amerco | 103 | 272 | -62% | 216 | 197 | 10% | 169 | 199 | -15% | (30) | (11) | NM | |||
| MGM Resorts Intl | 98 | 41 | 139% | 190 | 290 | -34% | 164 | 315 | -48% | 181 | 315 | -43% | |||
| MGM Growth Properties LLC | 72 | 33 | 118% | 75 | 45 | 67% | 49 | 45 | 9% | 59 | 48 | 23% | |||
| Allegiant Travel | 52 | 17 | 206% | 14 | 36 | -61% | 63 | 79 | -20% | 69 | 67 | 3% | |||
| Boyd Gaming | 35 | 38 | -8% | 17 | 36 | -53% | 52 | 46 | 13% | 51 | 51 | 0% | |||
| Employers Holdings | 31 | 53 | -42% | 58 | 29 | 100% | 51 | 33 | 55% | 29 | 29 | 0% | |||
| Red Rock Resorts | 11 | 180 | -94% | 26 | 25 | 4% | 114 | (62) | NM | 93 | 56 | 66% | |||
| Tahoe Resources | N/A | N/A | N/A | (187) | 1 | NM | (7) | 55 | -113% | (2) | 86 | -102% | |||
| Total all 11 Nevada Companies | 1,513 | 1,728 | -12% | 1,055 | 1,458 | -28% | 1,602 | 1,503 | 7% | 1,050 | 1,340 | -22% |
