Largest Arizona Companies Total Pretax Operating Earnings Were a Complete Disaster in Annual 2019, Declining By 40% From Annual 2018. And That Was Before the Huge Negative Economic Effect From the Coronavirus, Which Starts Putting Severe Pressure on Operating Earnings in 2020.

There were 14 Arizona Companies with stock market caps above $4 bil recently.  Four of these Companies didn't disclose their Operating Income amount.  Thus that leaves 10 Companies.

From a review of SEC filings, below are the Gold-Standard US GAAP Pretax Operating Income (Loss) From Continuing Operations for the remaining 10 largest Arizona Companies in each of the four quarters of both 2019 and 2018.

		US	US			US	US			US	US			US	US
		GAAP	GAAP			GAAP	GAAP			GAAP	GAAP			GAAP	GAAP
		Pretax	Pretax			Pretax	Pretax			Pretax	Pretax			Pretax	Pretax
		Operating	Operating			Operating	Operating			Operating	Operating			Operating	Operating
		Income	Income			Income	Income			Income	Income			Income	Income
		(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)			(Loss)	(Loss)
		Dec	Dec			Sept	Sept			June	June			March	March
Arizona Largest Companies	Arizona	Quarter	Quarter			Quarter	Quarter			Quarter	Quarter			Quarter	Quarter
Market Caps Above $4 Bil	City HQs	2019	2018			2019	2018			2019	2018			2019	2018
		mils $	mils $			mils $	mils $			mils $	mils $			mils $	mils $
Republic Services	Phoenix	459	483			468	440			437	408			423	404
Microchip Technology	Chandler	131	195			184	103			172	132			285	244
Freeport McMoran	Phoenix	775	316			(38)	1,315			33	1,664			321	1,459
Pinnacle West Capital	Phoenix	12	67			403	433			197	242			60	31
GoDaddy	Scottsdale	74	42			91	38			19	44			19	27
Cable One	Phoenix	89	69			80	63			74	71			68	65
Carlisle Cos	Scottsdale	141	115			191	140			207	160			115	95
ON Semiconductor	Phoenix	139	223			(44)	242			158	197			179	186
Knight-Swift Transportation	Phoenix	100	207			103	144			109	124			116	94
First Solar	Tempe	(118)	11			41	58			(9)	(104)			(77)	74
Total all 10 Largest Arizona Companies		1,802	1,728			1,479	2,976			1,397	2,938			1,509	2,679
….. % Change From Prior Year Quarter		4%				-50%				-52%				-44%
Total Operating Income
….. Four Quarters 2019 Combined		6,187
….. Four Quarters 2018 Combined		10,321
………. % Decline		-40%