Friday, July 17, 2020

Florida Companies Performed Substantially Better on the Audited Pretax Earnings Growth Front During Obama/Biden's Last Three Years (a Very Impressive +18.1% Per Year) Than They Did During Trump/Pence's First Three Years (+3.7% Per Year) and This Was Before the Devastating Earnings Impact From Covid-19

From a review of SEC filings and Google Finance, there were 57 Florida Companies with stock market caps very recently of above $1 bil and which reported consistently presented Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent seven years (Fiscal Years from 2013 to 2019).  Also, I excluded Companies now headquartered in Florida but which weren't so during the majority of these seven years.

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these seven fiscal years for each of these 57 largest Florida Companies.
Most
Recent
Annual Audited Audited Audited Audited Audited Audited Audited
Audited Pretax Pretax Pretax Pretax Pretax Pretax Pretax
Fincl Income Income Income Income Income Income Income
Florida Sts (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Florida Companies City 2019 FYE FYE FYE FYE FYE FYE FYE
Stock Market Caps Above $1 Bil HQs FYE 2019 2018 2017 2016 2015 2014 2013
 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
CSX Corp Jacksonville Dec 19       4,316       4,304       3,142       2,741       3,138       3,044       2,922
Nextera Energy Juno Beach Dec 19       3,836       7,352       4,663       4,388       3,990       3,645       2,454
Carnival Miami Nov 19       3,060       3,207       2,666       2,828       1,799       1,225       1,049
Lennar Miami Nov 19       2,434       2,263       1,190       1,330       1,210          970          682
Roper Technologies Sarasota Dec 19       2,227       1,198       1,035          941       1,002          921          754
Royal Caribbean Miami Dec 19       1,908       1,816       1,625       1,283          666          764          474
Restaurant Brands Intl Miami/Toronto Dec 19       1,452       1,382       1,101       1,200          674        (254)          322
Fidelity National Financial Jacksonville Dec 19       1,384          755          874          969          775          424          668
Raymond James Financial St. Petersburg Sep 19       1,375       1,311          925          812          815          716          594
L3Harris Technologies Melbourne Jun 19       1,113          908          889          884          396          642          569
Norwegian Cruise Line Miami Dec 19          911          969          771          640          434          340          115
AutoNation Fort Lauderdale Dec 19          613          529          637          702          723          682          604
Brown & Brown Daytona Beach Dec 19          526          462          450          423          403          340          358
MasTec Coral Gables Dec 19          511          365          372          226          (68)          198          240
Citrix Systems Fort Lauderdale Dec 19          510          629          550          528          165          148          388
Tech Data Clearwater Jan 20          485          373          299          257          382          239          204
Jabil St. Petersburg Aug 19          451          373          256          387          432            72          327
Heico Hollywood Oct 19          438          356          298          257          225          199          181
Spirit Airlines Miramar Dec 19          436          205          350          417          502          353          282
BankUnited Miami Lakes Dec 19          404          416          404          335          297          293          318
Fidelity National Information Services Jacksonville Dec 19          403       1,089          973          837       1,025       1,053          824
Watsco Coconut Grove Dec 19          363          369          348          342          331          301          265
Affiliated Managers Group West Palm Beach Dec 19          308          714       1,067          975       1,091       1,014          864
National Retail Properties Orlando Dec 19          300          292          265          240          208          191          154
Landstar System Jacksonville Dec 19          296          328          241          219          239          221          173
CenterState Bank Winter Haven Dec 19          294          197          109            64            62            20            18
Hilton Grand Vacations Orlando Dec 19          273          403          311          293          292          280          218
TopBuild Daytona Beach Dec 19          254          181          128          116            74            28            11
Regency Centers Jacksonville Dec 19          243          252          169          167          153          188            86
World Fuel Services Miami Dec 19          237          185          (21)          142          218          275          248
Marriott Vacations Worldwide Orlando Dec 19          225          103          240          198          206          151          131
SBA Communications Boca Raton Dec 19          187            52          117            87        (167)          (16)          (57)
GEO Group Boca Raton Dec 19          183          159          164          156          147          158            91
National Beverage Fort Lauderdale Apr 20          169          184          205          163            93            75            63
Black Knight Jacksonville Dec 19          151          206          192          159            96        (112)            (3)
Office Depot Boca Raton Dec 19          146          158          299          459          115        (291)          127
Element Solutions Fort Lauderdale Dec 19          141          (53)        (260)        (232)        (253)            (6)        (175)
Vector Group Ltd Miami Dec 19          134            80            89          126          108            82            61
Seacoast Banking Corp Florida Stuart Dec 19          129            88            79            44            36            10            12
SeaWorld Entertainment Orlando Dec 19          129            63        (287)            (3)            73            79            78
Fresh Del Monte Produce Coral Gables Dec 19            91              0          144          237            80          159          (17)
Sykes Enterprises Tampa Dec 19            86            57            81            89            90            77            51
Rayonier Wildlight Dec 19            81          143          183          223            43            45            70
Dycom Industries Palm Beach Gardens Jan 20            79            88          250          206          136            66            58
Helios Technologies Sarasota Dec 19            75            56            48            35            49            66            57
ACI Worldwide Naples Dec 19            72            92            44          186          113            99            93
Masonite Intl Tampa Dec 19            66          120          129          126          (28)          (29)          (30)
Xenia Hotel & Resorts Orlando Dec 19            63          205          109            92            95            41          (42)
St Joe Co Watersound Dec 19            36            31            41            23            (1)          522              4
NeoGenomics Fort Myers Dec 19              4              4            (3)            (7)            (4)              1              2
Advanced Disposal Services Ponte Verda Dec 19          (27)            14            (3)          (56)          (53)          (98)        (141)
Ryder System Miami Dec 19          (42)          389          296          406          469          338          369
Faro Technologies Lake Mary Dec 19          (61)              5              6            13            13            38            29
Darden Restaurants Orlando May 20        (161)          782          606          637          450          175          175
OPKO Health Miami Dec 19        (308)        (192)        (286)        (104)        (167)        (175)        (116)
NextEra Energy Partners LP Juno Beach Dec 19        (430)          273          281          440          140            83            28
Mednax Sunrise Dec 19     (1,242)          355          386          514          540          509          448
Total all 57 Florida Companies     31,337     36,645     29,237     29,160     24,072     20,579     17,732
….. % Change From Prior Year -14% 25% 0% 21% 17% 16%
Average Annual Total Pretax Income % Change
… Trump-Pence's First Three Years (2017-2019) 3.7%
… Obama-Biden's Last Three Years (2014-2016) 18.1%


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