Monday, May 6, 2019

101 Largest Los Angeles Area Cos Had a Very Modest Increase of 4% in Audited Total Pretax Income From 2016 to 2018, But a Very Robust Increase of 41% From 2015 to 2016, Obama's Last Year in Office

Democratic Presidential Candidate Pete Buttigieg Will Be Making Three Campaign Stops in the Los Angeles Area on Thursday May 9, 2019.  California is one of the 12 Super Tuesday US States Holding Their 2020 Democratic Presidential Early Primary on March 3, 2020.  Thus, I Think It Might Be Helpful to Research Just How Los Angeles Area Companies Have Performed on the Audited Pretax Earnings Front in the Most Recent Three Years
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From a review of SEC filings, MSN Money and Market Watch Big Charts, I found 101 Los Angeles Area Companies with stock markets caps of above $1 bil sometime since the beginning of 2018 and which were headquartered in the LA Area for the majority of 2018.


My Focus is on Pretax Income rather than on After-Tax Net Income because 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.

From SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Fiscal Years Ended (FYEs) 2018, 2017, 2016 and 2015 for each of these 101 Los Angeles Area Companies.
Most
Recent Audited Audited Audited Audited
Annual Pretax Pretax Pretax Pretax
Audited Income Income Income Income
California Financial (Loss) (Loss) (Loss) (Loss)
Los Angeles, California Area Cos City State Sts FYE FYE FYE FYE
Stock Market Caps > $1 Bil HQs HQs FYE 2018 2017 2016 2015
 $ mils  $ mils  $ mils  $ mils
Walt Disney Co Burbank CA Sep 18     14,729     13,788     14,868     13,868
Amgen Thousand Oaks CA Dec 18       9,545       9,597       9,163       7,978
Activision Blizzard Santa Monica CA Dec 18       1,877       1,151       1,106       1,121
Public Storage Glendale CA Dec 18       1,717       1,448       1,460       1,318
CBRE Group Los Angeles CA Dec 18       1,379       1,171          882          880
Monster Beverage Corona CA Dec 18       1,293       1,202       1,080          892
HCP Inc Irvine CA Dec 18       1,056          421          379          143
Molina Healthcare Long Beach CA Dec 18          999        (612)          205          322
Reliance Steel & Aluminum Los Angeles CA Dec 18          851          584          429          459
East West Bancorp Pasadena CA Dec 18          819          735          572          579
Edwards Lifesciences Irvine CA Dec 18          761       1,035          738          622
Air Lease Corp Los Angeles CA Dec 18          640          610          580          393
PacWest Bancorp Brea CA Dec 18          633          555          558          480
First American Financial Santa Ana CA Dec 18          610          445          478          433
Avery Denison Glendale CA Dec 18          553          590          477          409
Oaktree Capital Group LLC Los Angeles CA Dec 18          489          905          609     (1,515)
Herbalife Ltd Los Angeles CA Dec 18          464          471          365          486
Skechers USA Inc Manhattan Beach CA Dec 18          432          384          359          333
California Resources Los Angeles CA Dec 18          429        (262)          201     (5,476)
Alexandria Real Estate Equities Pasadena CA Dec 18          403          194          (50)          146
Teledyne Technologies Inc Thousand Oaks CA Dec 18          394          287          241          258
KB Home Los Angeles CA Nov 18          368          290          149          127
TRI Pointe Group Irvine CA Dec 18          362          340          302          319
Cathay General Bancorp Los Angeles CA Dec 18          338          298          242          221
Sabra Health Care REIT Inc Irvine CA Dec 18          282          159            71            80
Kilroy Realty Corp Los Angeles CA Dec 18          278          181          304          239
PS Business Parks Glendale CA Dec 18          272          179          145          149
Kennedy-Wilson Holdings Beverly Hills CA Dec 18          270          122            91          112
PennyMac Financial Services Westlake Village CA Dec 18          268          336          383          279
Sunstone Hotel Investors Aliso Viejo CA Dec 18          261          138          140          341
Hope Bancorp Los Angeles CA Dec 18          255          264          191          155
Houlihan Lokey Los Angeles CA Mar 18          218          178          126          132
Masimo Corp Irvine CA Dec 18          214          186          434          116
CVB Financial Ontario CA Dec 18          211          189          162          151
Korn/Ferry Intl Los Angeles CA Apr 18          206          116            50          122
ASGN Calabasas CA Dec 18          204          197          157          122
Stamps.com El Segundo CA Dec 18          191          160          117            (6)
Aerojet Rocketdyne El Segundo CA Dec 18          189            87            29          (16)
Ares Management Los Angeles CA Dec 18          184          150          298            81
Aecom Los Angeles CA Sep 18          177          429          126        (151)
Tetra Tech Pasadena CA Sep 18          175          172          124            80
J2 Global Inc Los Angeles CA Dec 18          173          200          211          157
Corelogic Irvine CA Dec 18          168          167          164          187
Pacific Premier Bancorp Inc Irvine CA Dec 18          166          102            65            41
PennyMac Mortgage Investment Trust Moorpark CA Dec 18          158          125            62            73
LTC Properties Inc Westlake Village CA Dec 18          155            87            85            73
Lions Gate Entertainment Santa Monica CA Mar 18          149        (134)          (34)          213
William Lyon Homes NewportBeach CA Dec 18          146          121          103            87
Tutor Perini Corp Sylmar CA Dec 18          133          154          149            74
Live Nation Entertainment Beverly Hills CA Dec 18          131            (9)            48              6
Douglas Emmett Inc Santa Monica CA Dec 18          129          104            96            69
Green Dot Corp Pasadena CA Dec 18          124          103            62            58
Kaiser Aluminum Corp Foothill Ranch CA Dec 18          120          133          147        (372)
Marcus & Milichap Inc Calabasas CA Dec 18          117            99          107          113
Ensign Group Mission Viejo CA Dec 18          115            69            86            91
Hudson Pacific Properties Los Angeles CA Dec 18          112            95            44          (16)
American Homes 4 Rent Agoura Hills CA Dec 18          112            76            10          (48)
DineBrands Global Glendale CA Dec 18          111        (428)          158          169
Cheesecake Factory Calabasas Hills CA Dec 18          107          146          192          159
The Trade Desk Ventura CA Dec 18          106            64            44            30
Preferred Bank Los Angeles CA Dec 18            99            80            60            50
TTM Technologies Inc Costa Mesa CA Dec 18            90          140            67              9
Hanmi Financial Los Angeles CA Dec 18            84            95            89            92
Apollo Medical Holdings Alhambra CA Dec 18            83            50            19            (8)
American States Water San Dimas CA Dec 18            82          108            94            98
Macerich Santa Monica CA Dec 18            65          177          556          520
Semtech Corp Camarillo CA Jan 19            63            60            73            20
Wesco Aircraft Holdings Valencia CA Sep 18            61        (248)          126        (242)
Caretrust REIT Inc Mission Viejo CA Dec 18            58            26            29            10
BJ's Restaurants Huntington Beach CA Dec 18            52            35            61            62
Corvel Irvine CA Mar 18            48            48            46            46
Guess? Inc Los Angeles CA Jan 19            47            70            28            42
Rexford Industrial Realty Los Angeles CA Dec 18            47            42            26              2
Banc of California Santa Ana CA Dec 18            47            27          100            69
Calavo Growers Inc Santa Paula CA Oct 18            45            58            60            43
Opus Bank Irvine CA Dec 18            37            90            16            98
OSI Systems Hawthorne CA Jun 18            37            26            35            89
AeroVironment Simi Valley CA Apr 18            33            21            18              2
Alteryx Irvine CA Dec 18            25          (18)          (24)          (21)
Staar Surgical Monrovia CA Dec 18              7            (2)          (12)            (6)
NextGen Health Care Irvine CA Mar 18            (0)            24              6            36
Boingo Wireless Los Angeles CA Dec 18            (5)          (21)          (27)          (22)
Amphastar Rancho Cucamonga CA Dec 18          (10)              1            15          (11)
LiveXLive Media West Hollywood CA Mar 18          (19)          (14)            (4)            (6)
TrueCar Inc Santa Monica CA Dec 18          (28)          (35)          (41)          (64)
Blackline Woodland Hills CA Dec 18          (28)          (33)          (35)          (38)
Beyond Meat El Segundo CA Dec 18          (30)          (30)          (25)  N/A 
Mercury General Corp Los Angeles CA Dec 18          (31)          167            71            71
Cornerstone OnDemand Santa Monica CA Dec 18          (31)          (60)          (66)          (84)
Emerald Expositions Events San Juan Capistrano CA Dec 18          (33)            47            36            30
Evolus NewportBeach CA Dec 18          (47)          (12)          (20)          (31)
Arrowhead Pharmaceuticals Pasadena CA Sep 18          (54)          (34)          (82)          (92)
Five Point Holdings Irvine CA Dec 18          (59)            24        (105)            (4)
Xencor Monrovia CA Dec 18          (70)          (39)            46          (19)
Endologix Irvine CA Dec 18          (79)          (67)        (154)          (60)
Puma Biotechnology Los Angeles CA Dec 18        (114)        (292)        (276)        (239)
Colony Credit Real Estate Los Angeles CA Dec 18        (140)          130          111            82
Mattel El Segundo CA Dec 18        (419)        (505)          410          464
Colony Capital Los Angeles CA Dec 18        (555)        (177)          296          247
Edison Intl Rosemead CA Dec 18     (1,089)          949       1,590       1,568
Snap Santa Monica CA Dec 18     (1,253)     (3,463)        (522)        (380)
Total all 101 Los Angeles Area Cos     44,544     37,589     42,831     30,369
Total Pretax Income
….. 2018     44,544
….. 2016     42,831
………. Two Year % Increase (Trump) 4%
….. 2016     42,831
….. 2015     30,369
………. One Year % Increase (Obama) 41%




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