The 5 South Bend/Elkhart Area Cos With Stock Market Caps Above $1 Bil Saw Their Total Audited Annual Net Income Increase By 338% So Far During Pete Buttigieg's Run as South Bend Mayor
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On the Other Hand, the 22 Other Indiana Cos With Stock Market Caps Above $1 Bil Saw Their Total Audited Annual Net Income Increase By a Meager 4% So Far During Pete Buttigieg's Run as South Bend Mayor
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These 5 South Bend/Elkhart Area Companies Experienced Double-Digit Total Audited Annual Net Income Growth in Every Year That Pete Buttigieg Has Been South Bend Mayor. This Total Audited Annual Net Income Growth Ranged From 16% to 37% Per Year, With an Average of 28% Per Year ..... That's What I Call Exceptional Consistency
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To Illustrate How Unemployment Rates Are Generally Tied to Company Profits, From the US Bureau of Labor Statistics, the South Bend Metropolitan Statistical Area (MSA) Had an Unemployment Rate of 9.7% in December 2011, the Month Before Buttigieg Became South Bend Mayor. In December 2018, this Unemployment Rate Had Dropped Precipitously Down to 3.9%. And the Neighboring Elkhart Did Even Better. The Elkhart MSA Had an Unemployment Rate of 10.1% in December 2011. In December 2018, this Elkhart MSA Registered an Unemployment Rate of Only 2.9%.
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From a review of company SEC filings and of MSN Money individual company common stock information, I found 27 Indiana Companies with stock market caps of more than $1 Bil.
Of these 27 Indiana Cos, 5 of them are located in the South Bend/Elkhart Area.
The chart below shows the Audited Annual Net Income From Continuing Operations for each of these 27 Indiana Companies for every year from 2011, the year before Buttigieg started serving as South Bend Mayor, to 2017.
| Year | ||||||||||
| Before | ||||||||||
| Buttigieg | ||||||||||
| Was | ||||||||||
| South Bend | ||||||||||
| Mayor | ||||||||||
| 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | ||||
| Audited | Audited | Audited | Audited | Audited | Audited | Audited | ||||
| After-Tax | After-Tax | After-Tax | After-Tax | After-Tax | After-Tax | After-Tax | ||||
| Net | Net | Net | Net | Net | Net | Net | ||||
| Indiana Companies | Income | Income | Income | Income | Income | Income | Income | |||
| Reporting Their Financial Statements | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | (Loss) | |||
| To SEC In All Years (2012 to 2017) | From | From | From | From | From | From | From | |||
| Pete Buttigieg Was South Bend Mayor | 2017 | Continuing | Continuing | Continuing | Continuing | Continuing | Continuing | Continuing | ||
| Stock Market Caps Above $1 Bil | FYE | Operations | Operations | Operations | Operations | Operations | Operations | Operations | ||
| $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | $ mils | ||||
| South Bend/Elkhart Area Cos | ||||||||||
| Thor Industries Inc | Elkhart | IN | Jul 17 | 374 | 258 | 202 | 176 | 152 | 111 | 92 |
| LCI Industries | Elkhart | IN | Dec 17 | 133 | 130 | 74 | 62 | 50 | 37 | 30 |
| Patrick Industries Inc | Elkhart | IN | Dec 17 | 86 | 56 | 42 | 31 | 24 | 28 | 8 |
| 1st Source Corp | South Bend | IN | Dec 17 | 68 | 58 | 57 | 58 | 55 | 50 | 48 |
| Skyline Corp | Elkhart | IN | May 17 | 0 | 2 | (4) | (7) | (11) | (19) | (27) |
| Total all 5 South Bend/Elkhart Area Cos | 661 | 504 | 371 | 320 | 270 | 207 | 151 | |||
| ….. Net Income % Increase Over Prior Year | 31% | 36% | 16% | 19% | 30% | 37% | ||||
| ….. Net Income % Increase: 2017 vs 2011 | 338% | |||||||||
| Rest of Indiana Cos | ||||||||||
| Anthem | Indianapolis | IN | Dec 17 | 3,843 | 2,470 | 2,560 | 2,560 | 2,634 | 2,651 | 2,647 |
| Simon Property Group | Indianapolis | IN | Dec 17 | 2,245 | 2,135 | 2,139 | 1,622 | 1,552 | 1,720 | 1,246 |
| Zimmer Biomet Holdings | Warsaw | IN | Dec 17 | 1,813 | 305 | 146 | 719 | 759 | 753 | 760 |
| Cummins | Columbus | IN | Dec 17 | 994 | 1,456 | 1,470 | 1,736 | 1,588 | 1,738 | 1,946 |
| Steel Dynamics | Fort Wayne | IN | Dec 17 | 806 | 360 | (145) | 92 | 164 | 142 | 266 |
| Allison Transmission Holdings | Indianapolis | IN | Dec 17 | 504 | 215 | 182 | 229 | 165 | 514 | 103 |
| KAR Auction Services | Carmel | IN | Dec 17 | 362 | 222 | 215 | 169 | 68 | 92 | 72 |
| Berry Plastics Group | Evansville | IN | Sep 17 | 340 | 236 | 86 | 63 | 57 | 2 | (299) |
| Duke Realty Corp | Indianapolis | IN | Dec 17 | 291 | 298 | 188 | 221 | 62 | (86) | (3) |
| Allegion PLC | Carmel | IN | Dec 17 | 277 | 231 | 155 | 184 | 44 | 228 | 232 |
| Vectren | Evansville | IN | Dec 17 | 216 | 212 | 197 | 167 | 137 | 159 | 142 |
| OneMain Holdings | Evansville | IN | Dec 17 | 183 | 243 | (93) | 589 | 94 | (218) | (242) |
| CNO Financial Group | Carmel | IN | Dec 17 | 176 | 358 | 271 | 51 | 478 | 221 | 336 |
| NiSource | Merrillville | IN | Dec 17 | 129 | 328 | 199 | 256 | 221 | 171 | 109 |
| Hillenbrand Inc | Batesville | IN | Sep 17 | 128 | 117 | 113 | 111 | 65 | 105 | 106 |
| First Merchants Corp | Muncie | IN | Dec 17 | 96 | 81 | 65 | 60 | 45 | 45 | 25 |
| Old National Bancorp | Evansville | IN | Dec 17 | 96 | 134 | 117 | 104 | 101 | 92 | 72 |
| Franklin Electric Co | Fort Wayne | IN | Dec 17 | 79 | 79 | 74 | 71 | 83 | 84 | 64 |
| Lakeland Financial Corp | Warsaw | IN | Dec 17 | 57 | 52 | 46 | 44 | 39 | 35 | 31 |
| Kite Realty Trust | Indianapolis | IN | Dec 17 | 14 | 3 | 29 | (8) | (1) | (11) | 4 |
| Endocyte | Lafayette | IN | Dec 17 | (55) | (44) | (41) | 5 | (18) | (17) | (41) |
| Eli Lilly | Indianapolis | IN | Dec 17 | (204) | 2,738 | 2,408 | 2,391 | 4,685 | 4,089 | 4,348 |
| Total all 22 Rest of Indiana Cos | 12,390 | 12,229 | 10,381 | 11,436 | 13,022 | 12,509 | 11,924 | |||
| ….. Net Income % Change vs Prior Year | 1% | 18% | -9% | -12% | 4% | 5% | ||||
| ….. Net Income % Increase: 2017 vs 2011 | 4% | |||||||||
