Thursday, July 23, 2020

Greater Los Angeles Area Headquartered Companies Performed Substantially Better on the Audited Pretax Earnings Growth Front During Obama/Biden's Last Three Years in Office (+7.1% Per Year) Than They Did During Trump/Pence's First Three Years in Office (+1.6% Per Year) and This Was Before the Devastating Earnings Impact From Covid-19

From a review of SEC filings and Google Finance, there were 74 Greater Los Angeles Area Headquartered  Companies with stock market caps recently of above $1 bil 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 seven years (Fiscal Years from 2013 to 2019).  Also, I included only Companies which were headquartered in California for 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 74 largest Los Angeles Area Companies.
Most
Recent Audited Audited Audited Audited Audited Audited Audited
Annual Pretax Pretax Pretax Pretax Pretax Pretax Pretax
Audited Income Income Income Income Income Income Income
LA Area Fincl (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)
Greater Los Angeles Area Cos City Sts 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
Walt Disney Co Burbank Sep 19     13,944     14,729     13,788     14,868     13,868     12,246       9,620
Amgen Thousand Oaks Dec 19       9,138       9,545       9,597       9,163       7,978       5,585       5,265
Activision Blizzard Santa Monica Dec 19       1,633       1,877       1,151       1,106       1,121          981       1,319
Public Storage Glendale Dec 19       1,527       1,717       1,448       1,460       1,318       1,150       1,058
Monster Beverage Corona Dec 19       1,416       1,293       1,202       1,080          892          746          564
CBRE Group Los Angeles Dec 19       1,361       1,379       1,171          881          880          777          509
Edwards Lifesciences Irvine Dec 19       1,167          761       1,035          738          622       1,144          511
Edison Intl Rosemead Dec 19       1,127     (1,089)          949       1,590       1,568       1,979       1,221
Molina Healthcare Long Beach Dec 19          972          999        (612)          205          322          135            81
Reliance Steel & Aluminum Los Angeles Dec 19          929          851          584          429          459          546          478
First American Financial Santa Ana Dec 19          905          610          445          478          433          351          311
East West Bancorp Pasadena Dec 19          844          819          735          572          579          447          447
Air Lease Corp Los Angeles Dec 19          736          640          610          580          393          395          293
PacWest Bancorp Brea Dec 19          633          633          555          558          480          287            78
PennyMac Financial Services Westlake Village Dec 19          529          268          336          383          279          223          182
Skechers USA Inc Manhattan Beach Dec 19          516          432          384          359          333          191            82
Teledyne Technologies Inc Thousand Oaks Dec 19          474          394          287          241          258          282          224
Herbalife Ltd Los Angeles Dec 19          451          464          471          365          486          421          717
Ares Management Corp Los Angeles Dec 19          425          184          150          298            81          557          873
Douglas Emmett Inc Santa Monica Dec 19          419          129          104            96            69            53            53
Alexandria Real Estate Equities Pasadena Dec 19          404          403          194          (50)          146          107          140
Oaktree Capital Group LLC Los Angeles Dec 19          397          489          905          609     (1,515)       2,194       6,237
Mercury General Corp Los Angeles Dec 19          378          (31)          167            71            71          247          132
Kennedy-Wilson Holdings Beverly Hills Dec 19          363          270          122            91          112          123            17
Cathay General Bancorp Los Angeles Dec 19          349          338          298          242          221          220          194
KB Home Los Angeles Nov 19          348          368          290          149          127            95            38
CVB Financial Ontario Dec 19          291          211          189          162          151          163          144
TRI Pointe Group Irvine Dec 19          271          362          340          302          319          128        (237)
Avery Denison Glendale Dec 19          250          555          590          477          409          361          366
ASGN Inc Calabasas/ Glen Allen,VA Dec 19          237          204          197          157          122          125            88
Houlihan Lokey Los Angeles Mar 20          236          224          218          178          126          132          105
Masimo Corp Irvine Dec 19          234          214          186          434          116          102            76
Hope Bancorp Los Angeles Dec 19          226          255          264          191          155          147          134
Pacific Premier Bancorp Inc Irvine Dec 19          218          166          102            65            41            27            15
Kilroy Realty Corp Los Angeles Dec 19          215          278          181          304          239            59            15
PS Business Parks Glendale Dec 19          204          272          179          145          149          205          116
J2 Global Inc Los Angeles Dec 19          200          178          200          211          157          155          143
Aerojetdyne El Segundo Dec 19          192          189            87            29          (16)          (33)          (36)
PennyMac Mortgage Investment Trust Westlake Village Dec 19          191          158          125            62            73          179          215
Live Nation Entertainment Beverly Hills Dec 19          185          131            (9)            48              6        (100)            (5)
Tetra Tech Pasadena Sep 19          175          175          172          124            80          144            13
American Homes 4 Rent Agoura Hills Dec 19          156          112            76            10          (48)          (33)          (20)
Korn/Ferry Intl Los Angeles Apr 20          151          134          206          116            49          120            99
Sunstone Hotel Investors Irvine Dec 19          143          261          138          140          341            83            30
Cheesecake Factory Calabasas Hills Dec 19          140          107          146          192          159          139          156
Green Dot Corp Pasadena Dec 19          121          124          103            62            58            69            53
Ensign Group San Juan Capistrano Dec 19          116            72            31            52            66            61            46
American States Water San Dimas Dec 19          109            82          108            94            98            99            98
Marcus & Millichap Inc Calabasas Dec 19          108          117            99          107          113            83            22
Macerich Santa Monica Dec 19          104            65          177          556          520       1,602          157
Stamps.com El Segundo Dec 19            91          191          160          117            (6)            24            35
OSI Systems Hawthorne Jun 19            86            37            26            35            89            76            69
LTC Properties Inc Westlake Village Dec 19            81          155            87            85            73            73            55
Kaiser Aluminum Corp Foothill Ranch Dec 19            80          120          133          147        (372)          107          143
Sabra Health Care REIT Inc Irvine Dec 19            79          288          159            71            80            47            34
Corelogic Irvine Dec 19            75          167          169          164          173          107          107
Arrowhead Pharmaceuticals Pasadena Sept 19            68          (54)          (34)          (82)          (92)          (59)          (32)
Rexford Industrial Realty Los Angeles Dec 19            64            47            42            26              2            (1)            (9)
Calavo Growers Inc Santa Paula Oct 19            64            57            57            60            43            (4)            (7)
Corvel Irvine Mar 20            61            62            48            48            46            46            57
Hudson Pacific Properties Los Angeles Dec 19            56          112            95            44          (16)            24              1
AeroVironment Simi Valley Apr 20            53            50            33            21            19              2            15
HealthPeak Properties Irvine Dec 19            51       1,058          410          367          136          274          852
TTM Technologies Inc Santa Ana Dec 19            46            90          140            67              9            22            40
Semtech Corp Camarillo Jan 20            45            70            58            73            20            36        (128)
Xencor Monrovia Dec 19            27          (70)          (39)            46          (19)          (16)          (60)
Wesco Aircraft Holdings Valencia Sep 19            27            61        (248)          126        (242)          157          158
Staar Surgical Monrovia Dec 19            13              7            (2)          (12)            (6)            (9)              1
Cornerstone OnDemand Santa Monica Dec 19            (1)          (31)          (60)          (66)          (84)          (64)          (41)
Blackline Woodland Hills Dec 19          (30)          (28)          (33)          (35)          (38)          (25)          (21)
Mattel El Segundo Dec 19        (158)        (417)        (501)          410          464          587       1,099
Aecom Los Angeles Sep 19        (184)          177          429          126        (151)          315          336
Lions Gate Entertainment Santa Monica Mar 20        (203)        (308)          149        (134)          (34)          213          185
Colony Capital Los Angeles Dec 19     (1,637)        (595)        (221)          296          247            21            (2)
Total all 74 Los Angeles Area Cos     44,712     44,364     41,528     42,780     35,405     37,452     35,324
Pretax Income % Change vs Preceding Year 1% 7% -3% 21% -5% 6%
Average Annual Total Pretax Income % Change
… Trump-Pence's First Three Years (2017-2019) 1.6%
… Obama-Biden's Last Three Years (2014-2016) 7.1%





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