Thursday, August 20, 2020

Delaware Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During the Obama Administration's Eight Years in Office (2009-2016) ..... Up an Off-the-Charts 121% Per Year ..... Than They Performed During the Trump Administration's First Three Full Years in Office (2017-2019) ..... Up 13% Per Year

From a review of SEC filings and Google Finance, there were 5 Delaware Companies with stock market caps of above $1 bil in June 2020 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 (Years from 2008-2019).  I included Companies with HQs in Delaware for at least 6 of these 12 years.    Also, I excluded Companies making separations which had resultant non-comparable earnings in 2008.   

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 5 Delaware Area Companies for fiscal year end 2019, the last year of the Trump Administration's first three full years in office so far,  for fiscal year end 2016, the year before the start of the Trump Administration as well as also the last year of the Obama Administration, and for fiscal year end 2008, the year before the start of the Obama Administration.


Average Average
  Annual  Annual 
Annual Audited Audited Audited % Change % Change
Audited Pretax Pretax Pretax During During
  Fincl Income Income Income Trump Obama
    Sts (Loss) (Loss) (Loss) Admin's Admin's
Delaware Largest Companies   State 2019 FYE FYE FYE 3 Years 8 Years
Market Caps Above $1 Bil City HQs HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
SLM Corp Newark DE Dec 19            744            414             (34) 27% NM
Incyte Corp  Wilmington DE Dec 19            487            107           (179) 118% NM
WSFS Financial  Wilmington DE Dec 19            194              97              23 33% 40%
Chesapeake Utilities  Wilmington DE Dec 19              82              73              22 4% 29%
Interdigital Wireless  Wilmington DE Dec 19              26            422              40 -31% 119%
Total all 5 Delaware Companies         1,533         1,113           (128) 13% 121%