All 16 Largest US Services Cos With Stock Market Caps Above $10 Bil Total Pretax Earnings Declined By 20% in the Fourth Quarter of 2018

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From a review of SEC filings and individual Company information in MSN Money, I found 16 US Services Companies with stock market caps sometime in 2018 of more than $10 Bil.

The Services Cos below do not include ones which are also mainly Technology, Health Care, Financial, Oil & Gas, Manufacturing, Retail and Wholesale Cos.

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 Total Pretax Income (Loss) From Continuing Operations for the December 2018 (Jan 2019, Dec 2018 and Feb 2018), the December 2017, the September 2018 and the September 2017 Quarters for each of these 16 Largest US Services Cos.

		US	US			US	US
		GAAP	GAAP			GAAP	GAAP
		Pretax	Pretax			Pretax	Pretax
		Income	Income			Income	Income
		(Loss)	(Loss)			(Loss)	(Loss)
		Qtr	Qtr			Qtr	Qtr
		Ended	Ended			Ended	Ended
		Nov 18	Nov 17			Aug 18	Aug 17
US	US Services Cos	Dec 18	Dec 17			Sept 18	Sept 17
State	Stock Market Caps > $10 Bil	or	or	%		or	or	%
HQs	Jan 19, Dec 18 and Nov 18 Quarter Ends	Jan 19	Jan 18	Change		Oct 18	Oct 17	Change
		mils $	mils $			mils $	mils $
NY	Accenture plc	1,610	1,494	8%		1,457	1,292	13%
NY	Omnicom Group	574	577	-1%		447	419	7%
CA	CBRE Group	496	428	16%		387	277	40%
NY	Interpublic Group of Cos	405	404	0%		224	227	-1%
GA	Fleetcor Technologies	397	208	91%		238	328	-27%
TX	Alliance Data Systems	397	306	30%		353	334	6%
NY	Paychex	309	305	1%		323	319	1%
CO	Vail Resorts	282	252	12%		(147)	(125)	NM
WI	Johnson Controls Intl plc	244	170	44%		892	1,062	-16%
NY	MSCI Inc	187	127	47%		147	121	21%
CT	Gartner	111	28	296%		38	(62)	NM
GA	Rollins Inc	71	69	3%		90	83	8%
GA	Equifax	25	172	-85%		39	136	-71%
CA	Live Nation Entertainment	(130)	(233)	NM		200	174	15%
FL	ADT Inc	(153)	(87)	NM		(243)	(69)	NM
NY	Nielsen Holdings	(1,273)	246	-617%		157	242	-35%
	Total all 16 US Services Cos	3,552	4,466	-20%		4,602	4,758	-3%

All 30 Largest US Utility Cos With Stock Market Caps Above $10 Bil Total Pretax Earnings Collapse in the December 2018 Quarter, Declining By 201%, Mostly Related to the California Wildfires, and After Dropping By 7% in the September 2018 Quarter and By 28% in the June 2018 Quarter

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From a review of SEC filings and individual Company information in MSN Money, I found 30 US Utility Companies with stock market caps sometime in 2018 of more than $10 Bil.

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 Total Pretax Income (Loss) From Continuing Operations for the December 2018, the December 2017, the September 2018, the September 2017, the June 2018 and the June 2017 Quarters for each of these 30 Largest US Utility Cos.

		US	US			US	US			US	US
		GAAP	GAAP			GAAP	GAAP			GAAP	GAAP
		Pretax	Pretax			Pretax	Pretax			Pretax	Pretax
		Income	Income			Income	Income			Income	Income
		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
		Dec	Dec	Better		Sept	Sept	Better		June	June	Better
US		2018	2017	(Worse)		2018	2017	(Worse)		2018	2017	(Worse)
State	US Utility Companies	Quarter	Quarter	%		Quarter	Quarter	%		Quarter	Quarter	%
HQs	Stock Market Caps > $10 Bil	End	End	Change		End	End	Change		End	End	Change
		mils $	mils $			mils $	mils $			mils $	mils $
CA	Sempra Energy	1,187	447	166%		501	18	2683%		(1,113)	415	-368%
VA	Dominion Energy	757	620	22%		1,145	968	18%		566	553	2%
PA	PPL Corp	511	541	-6%		548	471	16%		657	368	79%
NC	Duke Energy	433	866	-50%		1,230	1,321	-7%		607	1,018	-40%
NY	Consolidated Edison	402	377	7%		610	727	-16%		226	277	-18%
OH	American Electric Power	387	574	-33%		499	821	-39%		602	567	6%
MA	Eversource Energy	302	370	-18%		358	415	-14%		315	370	-15%
FL	Nextera Energy	289	84	244%		1,069	1,220	-12%		931	1,093	-15%
WI	WEC Energy Group	219	358	-39%		251	345	-27%		282	315	-10%
MN	XCEL Energy	209	307	-32%		564	697	-19%		319	329	-3%
TX	Atmos Energy	201	208	-3%		64	55	16%		98	112	-13%
NJ	Public Service Enterprise Grp	200	310	-35%		529	647	-18%		366	168	118%
IN	NiSource	193	167	16%		(434)	17	NM		30	(71)	NM
TX	CenterPoint Energy	181	286	-37%		209	267	-22%		(88)	211	-142%
MI	DTE Energy	173	214	-19%		369	337	9%		255	232	10%
NJ	American Water Works	170	199	-15%		255	340	-25%		222	226	-2%
OH	FirstEnergy	169	171	-1%		520	503	3%		382	351	9%
CT	Avangrid	158	(515)	NM		163	132	23%		137	164	-16%
MI	CMS Energy	126	222	-43%		202	229	-12%		165	140	18%
GA	Southern Co	120	325	-63%		1,845	1,699	9%		(266)	(1,935)	NM
WI	Alliant Energy	93	98	-5%		220	198	11%		117	118	-1%
MO	Ameren Corp	85	141	-40%		464	495	-6%		314	308	2%
MO	Evergy Inc	52	75	-31%		422	217	94%		59	112	-47%
AZ	Pinnacle West Capital	38	47	-19%		404	425	-5%		216	261	-17%
IL	Exelon	(37)	1,221	-103%		937	1,316	-29%		608	32	1800%
NJ	NRG Energy	(105)	(1,437)	NM		313	186	68%		129	103	25%
TX	Vistra Energy	(262)	(359)	NM		525	524	0%		31	(34)	NM
LA	Entergy Corp	(579)	154	-476%		257	643	-60%		(32)	76	-142%
CA	Edison Intl	(2,216)	(170)	NM		627	432	45%		289	335	-14%
CA	PG&E Corp	(9,634)	226	NM		582	713	-18%		(1,573)	544	-389%
	Total all 30 US Utility Cos	(6,178)	6,127	-201%		15,248	16,378	-7%		4,851	6,758	-28%