Wednesday, April 10, 2019

The 29 Largest Nevada Cos Saw Their Total Audited Pretax Operating Income Growth Decline Sharply in Both Annual 2018 and 2017: Annual 2016 Up 60% From Annual 2015, Annual 2017 Up 25% From 2016 and Annual 2018 Precisely Flat With 2017

Since Democratic 2020 Presidential Candidates Are Now Campaigning in the Key Early Primary State of Nevada, I Think It Might Be Helpful to Research Just How Nevada Companies Have Performed in the Most Recent Three Years on the Pretax Operating Earnings Front
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From a review of SEC filings, I found 29 Nevada Companies with stock markets caps of above $100 mil sometime in 2018.

The chart below shows the Gold-Standard US GAAP Audited Pretax Operating Income (Loss) for Annual Fiscal Year Ends (FYEs) 2018, 2017, 2016 and 2015 for each of these 29 Nevada Companies.

Most Audited Audited Audited Audited
Recent Pretax Pretax Pretax Pretax 2018 vs 2017 vs 2016 vs
Annual Operating Operating Operating Operating 2017 2016 2015
Audited Income Income Income Income Better Better Better
Nevada Financial (Loss) (Loss) (Loss) (Loss) (Worse) (Worse) (Worse)
Nevada Companies City State Sts FYE FYE FYE FYE % % %
Stock Market Caps > $100 Mil HQs HQs FYE 2018 2017 2016 2015 Change Change Change
 $ mils  $ mils  $ mils  $ mils
Las Vegas Sands Las Vegas NV Dec 18       3,751       3,464       2,502       2,841
MGM Resorts Intl Las Vegas NV Dec 18       1,469       1,713       2,078        (153)
Amerco Reno NV Mar 18          764          742          867          663
Caesars Entertainment Las Vegas NV Dec 18          739          537          226          318
Wynn Resorts Ltd Las Vegas NV Dec 18          736       1,056          522          659
MGM Growth Properties LLC Las Vegas NV Dec 18          476          353          154        (262)
Red Rock Resorts Las Vegas NV Dec 18          372          331          310          287
Southwest Gas Holdings Las Vegas NV Dec 18          357          343          315          312
Boyd Gaming Las Vegas NV Dec 18          355          344          260          272
Eldorado Resorts Reno NV Dec 18          310            95            89            73
Scientific Games Las Vegas NV Dec 18          266          393          131     (1,025)
Allegiant Travel Las Vegas NV Dec 18          244          231          373          372
Ormat Technologies Reno NV Dec 18          185          205          202          164
Employers Holdings Reno NV Dec 18          170          144          141            99
Everi Holdings Las Vegas NV Dec 18            86            82        (119)          (10)
Switch Las Vegas NV Dec 18            55            19            51            80
Golden Entertainment Las Vegas NV Dec 18            51            15            13            18
Monarch Casino Reno NV Dec 18            43            41            39            33
Rimini Street Las Vegas NV Dec 18            25            22            14          (42)
PlayAGS Las Vegas NV Dec 18            25            15          (17)          (29)
CV Sciences Las Vegas NV Dec 18            10            (5)          (13)          (11)
Full House Resorts Las Vegas NV Dec 18              7              7              6              5
PICO Holdings Carson City NV Dec 18            (3)            10          (26)          (37)
Eyenovia Reno NV Dec 18          (17)            (5)            (4)            (4)
VirnetX Holdings Zephyr Cove NV Dec 18          (25)          (17)          (29)          (29)
Remark Holdings Las Vegas NV Dec 18          (45)          (37)          (23)          (23)
PDL Biopharma Incline Village NV Dec 18          (51)          194          129          550
Spectrum Pharmaceuticals Henderson NV Dec 18        (131)          (97)          (63)          (43)
Cannae Holdings Las Vegas NV Dec 18        (150)          (78)            (2)          (12)
Total all 29 Nevada Cos     10,074     10,117       8,126       5,066 0% 25% 60%