Friday, July 31, 2020

Freddie Mac's Pretax Losses Improved By $56.2 Bil During the Obama/Biden Administration. The Other Northern Virginia Companies Also Showed Substantial Earnings Improvement on the Audited Annual Pretax Earnings Growth Front During Obama/Biden's Eight Years in Office (Up an Off-the-Charts 447% Per Year), Much Better Than They Did During Trump/Pence's First Three Years in Office (Up 5.4% Per Year).

From a review of SEC filings and Google Finance, there were 20 Northern Virginia Companies with stock market caps of above $1 bil recently and which reported Pretax Income (Loss) From Continuing Operations in their annual financial statement earnings information filed with the SEC for each of the most recent twelve years (Fiscal Years from 2008-2019).    I excluded Companies which had a separation and thus their earnings numbers were not comparable among years.   

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 20 Northern Virginia Companies for fiscal year end 2019, the last year of the Donald Trump/Mike Pence's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Donald Trump/Mike Pence Administration as well as also the last year of the Barack Obama/Joe Biden Administration, and for fiscal year end 2008, the year before the start of the Barack Obama/Joe Biden Administration.


Annual Audited Audited Audited
Audited Pretax Pretax Pretax
Fincl Income Income Income
Sts (Loss) (Loss) (Loss)
Northern Virginia Companies City State FYE FYE FYE FYE
Stock Market Caps Above $1 Bil HQs HQs 2019 2019 2016 2008
 $ mils  $ mils  $ mils
Freddie Mac McLean VA Dec 19             9,049           11,639         (44,564)
Capital One Financial McLean VA Dec 19             6,874             5,484                582
General Dynamics Falls Church VA Dec 19             4,202             3,656             3,604
Northop Grumman Falls Church VA Dec 19             2,548             2,681              (520)
NVR Inc Reston VA Dec 19             1,026                662                167
AES Corp Arlington VA Dec 19             1,001                187             2,667
AvalonBay Community Arlington VA Dec 19                799             1,034                  99
Verisign Reston VA Dec 19                759                581                  23
Booz Allen Hamilton McLean VA Mar 20                579                426              (515)
Tegna McLean VA Dec 19                376                449           (7,265)
CACI Intl Arlington VA Jun 19                328                224                129
Maximus Reston VA Sep 19                317                286                  48
Mantech Intl Fairfax VA Dec 19                136                  90                150
Strategic Education Herndon VA Dec 19                124                  57                131
ePLUS Herndon VA Mar 20                  96                  86                  22
ICF Intl Fairfax VA Dec 19                  90                  75                  49
K12 Inc Herndon VA Jun 19                  48                  13                  13
MicroStrategy Inc Tysons Corner VA Dec 19                  38                115                  71
Beacon Roofing Supply Herndon VA Sep 19                (11)                147                  69
Iridium Communications McLean VA Dec 19              (218)                178                    3
Total all 19 Northern Virginia Cos … No Freddie Mac           19,112           16,431              (473)
….. % Increase 3 Years 2017-2019 16%
….. Average Annual % Increase 3 Years 2017-2019 5.4%  Per Year 
….. % Increase 8 Years 2009-2016 3574%
….. Average Annual % Increase 8 Years 2009-2016 447%  Per Year