Monday, May 27, 2019

The 75 Largest New Jersey Cos Had Audited Total Pretax Earnings Drops of 9.4% in Annual 2018 and of 8.5% in Annual 2017. Total Pretax Earnings Declined From $50.4 Bil in 2016 to $46.1 Bil in 2017 and to $41.8 Bil in 2018

Democratic Presidential Candidate Pete Buttigieg Has Been Very Active Campaigning in the Financially-Savvy and Politically Astute Greater Metropolitan New York Area Including New Jersey.  Thus, I Think It Might Be Helpful to Research Just How the New Jersey Companies Have Performed on the Pretax Earnings Front in the Most Recent Three Years
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From a review of SEC filings, Google Finance, MSN Money and Market Watch Big Charts, I found 75 New Jersey Companies with stock markets caps of above $1 bil sometime since the beginning 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 75 New Jersey Companies.

Most
Recent Audited Audited Audited Audited
Annual Pretax Pretax Pretax Pretax
Audited Income Income Income Income
New Jersey Financial (Loss) (Loss) (Loss) (Loss)
New Jersey Companies City State Sts FYE FYE FYE FYE
Stock Market Caps Above $1 Bil HQs HQs FYE 2018 2017 2016 2015
 $ mils  $ mils  $ mils  $ mils
Johnson & Johnson New Brunswick NJ Dec 18     17,999     17,673     19,803     19,196
Merck Kenilworth NJ Dec 18       8,701       6,521       4,659       5,401
Honeywell Morris Plains NJ Dec 18       7,487       6,950       6,452       6,586
Prudential Financial Newark NJ Dec 18       4,910       6,536       5,754       7,784
Celgene Summit NJ Dec 18       4,832       4,314       2,372       2,023
Cognizant Technology Teaneck NJ Dec 18       2,797       2,655       2,357       2,164
Automatic Data Processing Roseland NJ Jun 18       2,171       2,531       2,235       2,071
Public Service Enterprise Newark NJ Dec 18       1,855       1,268       1,298       2,680
Zoetis Parsippany NJ Dec 18       1,690       1,525       1,228          545
Becton Dickinson Franklin Lakes NJ Sep 18       1,173          976       1,074          739
Quest Diagnostics Secaucus NJ Dec 18          970       1,065       1,125       1,126
American Water Works Camden NJ Dec 18          787          912          770          782
Church & Dwight Ewing NJ Dec 18          720          693          706          635
Verisk Analytics Jersy City NJ Dec 18          720          691          654          684
CIT Group Livingston NJ Dec 18          637          192            21          186
Burlington Stores Burlington NJ Jan 19          508          429          333          239
NRG Energy Princeton NJ Dec 18          467     (1,389)        (931)     (4,986)
Valley National Bancorp Wayne NJ Dec 18          330          253          233          127
Campbell Soup Camden NJ Jul 18          272       1,293          849          949
Investors Bancorp Short Hills NJ Dec 18          270          281          299          281
Avis Budget Group Parsippany NJ Dec 18          267          211          279          382
Wyndham Hotels & Resorts Parsippany NJ Dec 18          223          243          294          249
B&G Foods Parsippany NJ Dec 18          222          148          177          121
John Wiley & Sons Hoboken NJ Apr 18          214          191          175          225
Selective Insurance Group Branchville NJ Dec 18          212          262          220          233
PBF Energy Parsippany NJ Dec 18          209          799          363          282
Realogy Holdings Madison NJ Dec 18          205          369          361          298
New Jersey Resources Wall NJ Sep 18          180          150          155          241
Catalent Somerset NJ Jun 18          152          136          145          113
Provident Financial Services Jersey City NJ Dec 18          144          140          125          120
Covanta Holding Morristown NJ Dec 18          123        (134)            18          (15)
Urban Edge Properties Paramus NJ Dec 18          120            73            97            43
J&J Snack Foods Pennsauken NJ Sep 18          118          122          117          112
Cantel Medical Little Falls NJ Jul 18          118          106            94            76
Clearway Energy Princeton NJ Dec 18          116            48              1            84
Cambrex East Rutherford NJ Dec 18          110          142          128            90
Childrens Place Seacaucus NJ Jan 19          109          161          147            89
Mack-Cali Realty Jersey City NJ Dec 18          106            34          130        (142)
PBF Logistics LP Parsippany NJ Dec 18 101          110            75            69
Phibro Animal Health Teaneck NJ Jun 18            88            81            77            79
AdvanSix Parsippany NJ Dec 18            86          145            54          100
OceanFirst Financial Toms River NJ Dec 18            86            65            35            31
Lakeland Bancorp Oak Ridge NJ Dec 18            80            80            63            49
Suburban Propane Partners LP Wippany NJ Sep 18            76            38            15            85
ConnectOne Bancorp Englewood Cliffs NJ Dec 18            71            69            43            61
Hudson Ltd East Rutherford NJ Dec 18            69            32            16            22
Universal Display Ewing NJ Dec 18            64          150            69            33
Alexander's Inc Paramus NJ Dec 18            57            81            87            77
Integra Lifesciences Holdings Plainsboro NJ Dec 18            57            11            90            61
Monmouth RE Investment Corp Freehold NJ Sep 18            56            40            32            26
Vonage Holdings Holmdel NJ Dec 18            37            46            31            43
Eagle Pharmaceuticals Woodcliff Lake NJ Dec 18            34            73            53              3
Columbia Financial Fair Lawn NJ Sep 18            34            47            50            45
Kearny Financial Fairfield NJ Jun 18            34            27            23              4
Middlesex Water Co Iselin NJ Dec 18            33            34            34            31
Essential Properties Realty Trust Princeton  NJ Dec 18            21              6              4  N/A 
South Jersey Industries Folsom NJ Dec 18            18          (28)          173          107
Commvault Systems Tinton Falls NJ Mar 19            10            (4)            (2)              4
Hovnanian Enterprises Red Bank NJ Oct 18              8          (45)              2          (22)
Pacira Pharmaceuticals Parsippany NJ Dec 18            (0)          (42)          (38)              2
Freshpet Secaucus NJ Dec 18            (5)            (4)            (3)            (4)
Avalon GloboCare Freehold NJ Dec 18            (8)            (4)              0            (0)
Tabula Rasa Health Care Moorestown NJ Dec 18          (51)              4            (5)            (3)
Ascena Retail Group Mahwah NJ July 18          (82)     (1,414)            (8)        (241)
PTC Therapeutics South Plainfield NJ Dec 18        (128)          (78)        (142)        (170)
Bed Bath & Beyond Union NJ Feb 19        (157)          696       1,066       1,327
Everest Re Group Ltd Liberty Corner NJ Dec 18        (226)          405       1,100       1,112
Immunomedics Morris Plains NJ Jun 18        (274)        (153)          (64)          (48)
Medicines Co Parsippany NJ Dec 18        (286)        (704)            21        (165)
Insmed Bridgewater NJ Dec 18        (324)        (193)        (176)        (120)
Amicus Therapeutics Cranbury NJ Dec 18        (349)        (449)        (204)        (132)
Conduent Florham Park NJ Dec 18        (395)          (16)     (1,227)        (574)
Bausch Health Bridgewater NJ Dec 18     (4,154)     (1,741)     (2,435)        (155)
Allergan plc Madison NJ Dec 18     (6,857)   (10,386)     (2,832)     (4,548)
Newell Brands Hoboken NJ Dec 18     (8,268)          592            19            74
Total all 75 New Jersey Cos     41,800     46,141     50,413     49,076
Pretax Income % Change vs Preceding Year -9.4% -8.5% 2.7%