Thursday, June 18, 2020

The 17 Largest Kansas Companies Posted Total Pretax Losses of $2.079 Bil in the 1Q 2020, a Complete Earnings Reversal From Their Total Pretax Income of $678 Mil in the 1Q 2019 ...... With These Numbers, Kansas Was Effectively in an Economic Depression in the 1Q of 2020, Just Like Texas, Florida, Nevada and Ohio Were.

From a review of Company SEC filings and the Google Finance website, I found 17 Kansas Companies with stock market caps of above $100 mil recently.

The huge Sprint Corp is not included in these 17 Kansas Companies because it was acquired by T-Mobile on April 1, 2020 and thus didn't report its March 2020 quarter earnings numbers with the SEC.  Also Sprint had horrible earnings numbers in the December 2019 quarter posting a Total Loss of $529 mil which was much worse than its Total Loss of $153 mil in the December 2018 quarter.

The table below shows the US GAAP Pretax Income (Loss) From Continuing Operations for the first quarter of both 2020 and 2019 for each of these 17 Kansas Companies.


US US
GAAP GAAP
Pretax Pretax
Income Income
(Loss) (Loss) Better
First First (Worse)
Quarter Quarter %
Kansas Largest Companies 2020 2019  Change
Market Caps Above $100 Mil City HQs mils $ mils $
Garmin Ltd  Olathe                 178                166
Westar Energy  Topeka, KS/ Kansas City, MO                   80                111
Compass Minerals Intl  Overland Park                   39                  13
CURO Group Holdings  Wichita                   38                  38
SelectQuote  Overland Park                   31                  29
Waddell & Reed Financial  Overland Park                   30                  43
NIC Inc  Olathe                   16                  16
MGP Ingredients  Atchison                   13                    8
QTS Realty Services  Overland Park                     8                  21
Capitol Federal Financial  Topeka                     5                  31
Euronet Worldwide  Leawood                     4                  51
Crossfirst Bankshares  Leawood                     4                  10
Landmark Bancorp  Manhattan                     4                    3
Equity Bancshares  Wichita                     2                  (5)
Seaboard  Shawnee Mission               (174)                  65
Spirit AeroSystems  Wichita               (249)                203
AMC Entertainment Holdings  Leawood            (2,108)              (125)
Total all 17 Kansas Companies           (2,079)                678 -407%

US Presidential candidate Joe Biden and Barack Obama are holding a joint virtual grassroots fundraiser on Tuesday June 23, 2020 at 5:15 PM Eastern time.