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All 21 Washington State Cos With Stock Market Caps Above $1 Bil and Releasing Their December 2018 Quarter Earnings By February 14, 2019 Had Their Total Pretax Earnings Increase By 7% in the December 2018 Quarter
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On the Other Hand, These Same 21 Washington State Cos Saw Their Total Pretax Earnings Increase By a Substantially Higher 33% in Their September 2018 Quarter and By an Even Substantially Higher 36% in Their June 2018 Quarter
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From a review of company SEC filings and of MSN Money individual company common stock information, I found 30 Washington State Companies with stock market caps sometime in 2018 of more than $1 Bil and with December 2018 Quarter Ends.
Of these 30 Washington State Companies, 21 of them have released their December 2018 Quarterly Earnings by February 14, 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 21 Washington State 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 | ||||||||
| Washington State Cos | (Loss) | (Loss) | Better | (Loss) | (Loss) | Better | (Loss) | (Loss) | Better | (Loss) | (Loss) | Better | |||
| Market Caps Above $1 Bil | Dec 18 | Dec 17 | (Worse) | Sep 18 | Sep 17 | (Worse) | Jun 18 | Jun 17 | (Worse) | Mar 18 | Mar 17 | (Worse) | |||
| December 2018 Qtr Earnings | Quarter | Quarter | % | Quarter | Quarter | % | Quarter | Quarter | % | Quarter | Quarter | % | |||
| Released By February 14, 2019 | End | End | Change | End | End | Change | End | End | Change | End | End | Change | |||
| mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | mils $ | ||||||||
| Microsoft | 10,385 | 9,169 | 13% | 10,221 | 7,984 | 28% | 10,680 | 7,958 | 34% | 8,641 | 7,094 | 22% | |||
| Boeing | 4,046 | 2,917 | 39% | 2,133 | 2,583 | -17% | 2,586 | 2,462 | 5% | 2,839 | 2,145 | 32% | |||
| Amazon.com | 3,354 | 1,872 | 79% | 3,391 | 314 | 980% | 2,608 | 664 | 293% | 1,916 | 953 | 101% | |||
| Starbucks | 966 | 3,006 | -68% | 932 | 1,152 | -19% | 1,027 | 1,052 | -2% | 816 | 980 | -17% | |||
| T-Mobile US | 838 | 714 | 17% | 1,130 | 906 | 25% | 1,068 | 934 | 14% | 881 | 607 | 45% | |||
| Paccar | 752 | 604 | 25% | 669 | 582 | 15% | 720 | 539 | 34% | 669 | 448 | 49% | |||
| Fortive Corp | 267 | 287 | -7% | 296 | 348 | -15% | 356 | 326 | 9% | 313 | 272 | 15% | |||
| F5 Networks | 165 | 144 | 15% | 159 | 154 | 3% | 154 | 142 | 8% | 146 | 140 | 4% | |||
| Washington Federal | 67 | 61 | 10% | 67 | 67 | 0% | 64 | 65 | -2% | 65 | 63 | 3% | |||
| Expedia Group | 56 | 76 | -26% | 612 | 415 | 47% | (14) | 57 | -125% | (169) | (131) | NM | |||
| Columbia Banking System | 55 | 41 | 34% | 58 | 59 | -2% | 52 | 38 | 37% | 47 | 40 | 18% | |||
| Esterline Technologies | 45 | 19 | 137% | 67 | 42 | 60% | 41 | 43 | -5% | 26 | 48 | -46% | |||
| Banner Corp | 41 | 41 | 0% | 46 | 36 | 28% | 42 | 38 | 11% | 37 | 36 | 3% | |||
| Alaska Air Group | 36 | 126 | -71% | 284 | 417 | -32% | 259 | 474 | -45% | 6 | 142 | -96% | |||
| Heritage Financial | 21 | 17 | 24% | 19 | 15 | 27% | 14 | 16 | -13% | 10 | 12 | -17% | |||
| TrueBlue | 18 | 24 | -25% | 28 | 29 | -3% | 20 | 18 | 11% | 10 | 7 | 43% | |||
| Tableau Software | 2 | (40) | NM | (11) | (45) | NM | (14) | (41) | NM | (49) | (52) | NM | |||
| Potlatch Deltic | (2) | 30 | -107% | 66 | 36 | 83% | 58 | 33 | 76% | 20 | 19 | 5% | |||
| Cray Inc | (12) | 5 | -340% | (22) | (17) | NM | (11) | (10) | NM | (25) | (30) | NM | |||
| Weyerhaeuser | (114) | 374 | -130% | 240 | 103 | 133% | 382 | 58 | 559% | 299 | 181 | 65% | |||
| Seattle Genetics | (143) | (87) | NM | (67) | 50 | -234% | 76 | (56) | NM | (112) | (60) | NM | |||
| Total 21 Washington State Cos | 20,843 | 19,400 | 7% | 20,318 | 15,230 | 33% | 20,168 | 14,810 | 36% | 16,387 | 12,914 | 27% |
