Friday, March 1, 2019

Colorado Companies Total Pretax Earnings Increase By an Off-the-Charts 42 TIMES in the Last Half of 2018, John Hickenlooper's Last Six Months in Office as Colorado Governor

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From a review of company SEC filings and of MSN Money individual company common stock information, I found 55 Colorado Companies with stock market caps sometime in 2018 of more than $1 Bil and with December 2018 Quarter Ends.

Of these 55 Colorado Cos, 54 of them have released their December 2018 Quarter Earnings By February 28, 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 the December and September quarters of both 2018 and 2017 as well as for the last six months of both 2018 and 2017 for each of these 54 Colorado Companies.

US US US US
GAAP GAAP GAAP GAAP US US
Pretax Pretax Pretax Pretax GAAP GAAP
Income Income Income Income Pretax Pretax
(Loss) (Loss) (Loss) (Loss) Income Income
Colorado Companies Dec Dec Better Sept Sept Better (Loss) (Loss) Better
Stock Market Caps > $1 Bil 2018 2017 (Worse) 2018 2017 (Worse) Last Last (Worse)
December 2018 Qtr Earnings Quarter Quarter % Quarter Quarter % Half Half %
Released By February 28, 2019 End End  Change End End  Change 2018 2017  Change
mils $ mils $ mils $ mils $ mils $ mils $
All Colorado Cos But Liberty Cos
Dish Networks          493          319          593          492       1,086          811
Cimarex Energy          404          174          193          143          597          317
SM Energy          392        (143)        (173)        (128)          219        (271)
Newmont Mining          270          253        (137)          279          133          532
Arrow Electronics          265          227          235          181          500          408
DaVita          259            47          167          289          426          336
Antero Midstream Partners LP          249            64          120            81          369          145
PDC Energy          238          (63)            (7)        (415)          231        (478)
Jagged Peak Energy          238          (30)          (34)          (18)          204          (48)
Western Union          235        (289)          266          239          501          (50)
High Point Resources          224          (79)          (29)          (29)          195        (108)
Whiting Petroleum          205        (961)          121        (529)          326     (1,490)
Extraction Oil & Gas          154          (87)            87          (47)          241        (134)
Janus Henderson Group plc          144          187          138          148          282          335
Ball Corp          114          276          199            55          313          331
SRC Energy          102            51            72            44          174            95
DCP Midstream LP            96            61            82          (18)          178            43
UDR Inc            90            75            20            18          110            93
Gates Industrial Group plc            84            24            74            34          158            58
Molson Coors Brewing            69          202          410          441          479          643
MDC Holdings            69            52            67            90          136          142
Woodward            62            37            79            87          141          124
Zayo Group Holdings            53            34            43            29            96            63
Chipotle Mexican Grill            43            61            60            32          103            93
Innospec            42            40            30            30            72            70
Centennial Resource Development            42            46            53            24            95            70
CoreSite Realty            26            27            25            24            51            51
CSG Systems Intl            26            22            20            23            46            45
Summit Materials            25          258            95        (414)          120        (156)
National Bank Holdings            21              8            23              9            44            17
Royal Gold Inc            21            33            16            34            37            67
Advanced Energy Industries            20            59            40            52            60          111
National Storage Affiliates Trust            15            12            17            11            32            23
Antero Midstream GP LP            15            31            27            10            42            41
Apartment Investment&Mgt              9          268          634            17          643          285
Array BioPharma          (11)          (34)          (25)          (38)          (36)          (72)
Crocs          (14)          (30)            15              3              1          (27)
Pilgrim's Pride          (29)          120            60          352            31          472
Clovis Oncology          (98)          (53)          (90)          (62)        (188)        (115)
EchoStar        (106)            18            29            42          (77)            60
Antero Resources        (113)          129          (59)        (135)        (172)            (6)
QEP Resources        (829)        (232)            10            (7)        (819)        (239)
Maxar Technologies Ltd  N/A   N/A         (436)            23        (413)            23
Total 43 Colorado Cos No Liberty       3,614       1,214 198%       3,130       1,496 109%       6,767       2,710 150%
Liberty Companies
Liberty Global plc          356        (635)        (115)        (500)          241     (1,135)
Qurate Retail          287          483            88            45          375          528
Liberty SiriusXM Group          262          211          313          390          575          601
Liberty Oilfield Services            38            58            79            64          117          122
Liberty Braves Group            21          (43)            29            41            50            (2)
Liberty Broadband            20       2,496            77          (17)            97       2,479
Liberty TripAdvisor Holdings               3     (1,808)            78              0            81     (1,808)
Liberty Expedia Holdings        (117)     (2,428)        (173)          100        (290)     (2,328)
Liberty Formula One Group        (210)          (82)            76          (46)        (134)        (128)
Liberty Latin America Ltd        (570)        (332)              9        (362)        (561)        (694)
GCI Liberty        (961)        (652)          448          464        (513)        (188)
Total 11 Colorado Liberty Cos        (871)     (2,732) 68%          909          179 408%            38     (2,553) 101%
Total all 54 Colorado Cos       2,743     (1,518) 281%       4,039       1,675 141%       6,805          157 4234%