Friday, August 14, 2020

Kansas Companies Performed Substantially Better on the Audited Annual Pretax Earnings Growth Front During the Obama Administration's Eight Years in Office (2009-2016) ..... Up 11% Per Year ..... Than They Did During the Trump Administration's First Three Full Years in Office (2017-2019) ..... Down 2% Per Year. The Giant Sprint Corp Wasn't Included Since It Was Sold to T-Mobile on April 1, 2020 and Thus Wasn't Required to File its FYE March 2020 Annual 10-K With the SEC. Sprint's Pretax Losses Were $29.775 Bil in Annual 2007 and Another $4.060 Bil in Annual 2008, the Year Before Obama Took Office. By FYE March 2017, These Pretax Losses Had Declined to $771 Mil.

From a review of SEC filings and Google Finance, there were 12 Kansas Companies with stock market caps of above $100 mil in June 2020 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 (Years from 2008-2019).   

The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 12 Kansas 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
Kansas Companies   State 2019 FYE FYE FYE 3 Years 8 Years
Market Caps Above $100 Mil City HQs HQs FYE 2019 2016 2008 2017-19 2009-16
 $ mils  $ mils  $ mils
Garmin Ltd  Olathe  KS Dec 19                987                639                914 18% -4%
Spirit AeroSystems  Wichita  KS Dec 19                663                661                384 0% 9%
Euronet Worldwide  Leawood  KS Dec 19                434                233              (201) 29% NM
Evergy Kansas Central  Topeka  KS Dec 19                407                539                182 -8% 25%
Seaboard  Shawnee Mission  KS Dec 19                284                384                125 -9% 26%
Waddell & Reed Financial  Overland Park  KS Dec 19                158                240                156 -11% 7%
Capitol Federal Financial  Topeka  KS Sep 19                121                122                  80 0% 7%
Compass Minerals Intl  Overland Park  KS Dec 19                  85                197                227 -19% -2%
NIC Inc  Olathe  KS Dec 19                  65                  78                  19 -6% 39%
MGP Ingredients  Atchison  KS Dec 19                  46                  45                (24) 1% NM
Landmark Bancorp  Manhattan  KS Dec 19                  12                  11                    6 3% 10%
AMC Entertainment Holdings  Leawood  KS Dec 19              (172)                150              (138) -72% NM
Total all 12 Kansas Companies             3,090             3,299             1,730 -2% 11%