Hawaii Companies Total Pretax Earnings Collapse in the December 2018 Quarter, Declining By 51%

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From a review of company SEC filings and of MSN Money individual company common stock information, I found 6 Hawaii Companies with stock market caps sometime in 2018 of more than $1 Bil and with December 2018 Quarter Ends.

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 6 Hawaii 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
Hawaii Companies	(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
Stock Market Caps > $1 Bil	Dec	Dec	Better		Sept	Sept	Better		June	June	Better		March	March	Better
With December Quarter Ends	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 March 1, 2019	End	End	Change		End	End	Change		End	End	Change		End	End	Change
	mils $	mils $	mils $		mils $	mils $			mils $	mils $			mils $	mils $
First Hawaiian	82	94			91	94			93	90			92	90
Bank of Hawaii	68	64			70	66			68	65			64	73
Hawaiian Electric Industries	64	70			77	95			60	60			53	52
Hawaiian Holdings	42	106			117	115			106	124			37	46
Matson Inc	27	20			55	56			42	40			24	10
Alexander & Baldwin	(117)	(13)			17	11			3	8			45	4
Total all 6 Hawaiian Cos	166	341	-51%		427	437	-2%		372	386	-4%		315	275	15%