Saturday, August 1, 2020

Greater Los Angeles Area Headquartered Companies Performed Substantially Better on the Audited Pretax Earnings Growth Front During Obama/Biden's Eight Years in Office (Up a Blistering 57% Per Year) Than They Did During Trump/Pence's First Three Years in Office (Up a Modest 1.3% Per Year)

From a review of SEC filings and Google Finance, there were 66 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 twelve years (Fiscal Years from 2008 to 2019).  Also, I included only Companies which were headquartered in California for the majority of these twelve years.

 The table below shows the Pretax Income (Loss) From Continuing Operations for each of these 66 Los Angeles Area 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
  LA Area Sts (Loss) (Loss) (Loss)
Greater Los Angeles Area Companies City State 2019 FYE FYE FYE
Stock Market Caps Above $1 Bil HQs HQs FYE 2019 2016 2008
   $ mils  $ mils  $ mils
Walt Disney Co Burbank CA Sep 19           13,944           14,868             7,402
Amgen Thousand Oaks CA Dec 19             9,138             9,163             5,015
Activision Blizzard Santa Monica CA Dec 19             1,633             1,106              (187)
Public Storage Glendale CA Dec 19             1,527             1,460                981
Monster Beverage Corona CA Dec 19             1,416             1,080                173
CBRE Group Los Angeles CA Dec 19             1,361                881           (1,026)
Edwards Lifesciences Irvine CA Dec 19             1,167                738                164
Edison Intl Rosemead CA Dec 19             1,127             1,590             1,944
Molina Healthcare Long Beach CA Dec 19                972                205                  94
Reliance Steel & Aluminum Los Angeles CA Dec 19                929                429                767
First American Financial Santa Ana CA Dec 19                905                478              (116)
East West Bancorp Pasadena CA Dec 19                844                572                (97)
Air Lease Corp Los Angeles CA Dec 19                736                580                    0
PacWest Bancorp Brea CA Dec 19                633                558              (708)
Skechers USA Inc Manhattan Beach CA Dec 19                516                359                  61
Teledyne Technologies Inc Thousand Oaks CA Dec 19                474                241                188
Herbalife Ltd Los Angeles CA Dec 19                451                365                319
Douglas Emmett Inc Santa Monica CA Dec 19                419                  96                (36)
Alexandria Real Estate Equities Pasadena CA Dec 19                404                (50)                  90
Oaktree Capital Group LLC Los Angeles CA Dec 19                397                609           (7,621)
Mercury General Corp Los Angeles CA Dec 19                378                  71              (451)
Kennedy-Wilson Holdings Beverly Hills CA Dec 19                363                  91                    1
Cathay General Bancorp Los Angeles CA Dec 19                349                242                  71
KB Home Los Angeles CA Nov 19                348                149              (968)
CVB Financial Ontario CA Dec 19                291                162                  86
Avery Denison Glendale CA Dec 19                250                477                103
ASGN Inc Calabasas/ Glen Allen,VA CA Dec 19                237                157                  34
Masimo Corp Irvine CA Dec 19                234                434                  72
Hope Bancorp Los Angeles CA Dec 19                226                191                    4
Pacific Premier Bancorp Inc Irvine CA Dec 19                218                  65                  21
Kilroy Realty Corp Los Angeles CA Dec 19                215                304                    1
PS Business Parks Glendale CA Dec 19                204                145                  84
J2 Global Inc Los Angeles CA Dec 19                200                211                102
Aerojetdyne El Segundo CA Dec 19                192                  29                  (4)
PennyMac Mortgage Investment Trust Westlake Village CA Dec 19                191                  62                    0
Live Nation Entertainment Beverly Hills CA Dec 19                185                  48              (358)
Tetra Tech Pasadena CA Sep 19                175                124                103
American Homes 4 Rent Agoura Hills CA Dec 19                156                  10                    0
Korn/Ferry Intl Los Angeles CA Apr 20                151                116                (12)
Sunstone Hotel Investors Irvine CA Dec 19                143                140                  17
Cheesecake Factory Calabasas Hills CA Dec 19                140                192                  73
Green Dot Corp Pasadena CA Dec 19                121                  62                  30
Ensign Group San Juan Capistrano CA Dec 19                116                  52                  45
American States Water San Dimas CA Dec 19                109                  94                  45
Macerich Santa Monica CA Dec 19                104                556                  98
Stamps.com El Segundo CA Dec 19                  91                117                    7
OSI Systems Hawthorne CA Jun 19                  86                  35                  14
LTC Properties Inc Westlake Village CA Dec 19                  81                  85                  43
Kaiser Aluminum Corp Foothill Ranch CA Dec 19                  80                147                (91)
Sabra Health Care REIT Inc Irvine CA Dec 19                  79                  71                    0
Corelogic Irvine CA Dec 19                  75                164                  22
Arrowhead Pharmaceuticals Pasadena CA Sep 19                  68                (82)                (34)
Calavo Growers Inc Santa Paula CA Oct 19                  64                  60                  12
Corvel Irvine CA Mar 20                  61                  48                  32
Hudson Pacific Properties Los Angeles CA Dec 19                  56                  44                  (3)
AeroVironment Simi Valley CA Apr 20                  53                  21                  34
HealthPeak Properties Irvine CA Dec 19                  51                367                229
TTM Technologies Inc Santa Ana CA Dec 19                  46                  67                (61)
Semtech Corp Camarillo CA Jan 20                  45                  73                  46
Wesco Aircraft Holdings Valencia CA Sep 19                  27                126                103
Staar Surgical Monrovia CA Dec 19                  13                (12)                (24)
Cornerstone OnDemand Santa Monica CA Dec 19                  (1)                (66)                (10)
Mattel El Segundo CA Dec 19              (158)                410                488
Aecom Los Angeles CA Sep 19              (184)                126                237
Lions Gate Entertainment Santa Monica CA Mar 20              (203)              (134)              (177)
Colony Capital Los Angeles CA Dec 19           (1,637)                296                    0
Total all 66 Los Angeles Area Cos           43,082           41,475             7,471
….. % Increase 3 Years 2017-2019 3.9%
….. Average Annual % Increase 3 Years 2017-2019 1.3%  Per Year 
….. % Increase 8 Years 2009-2016 455%
….. Average Annual % Increase 8 Years 2009-2016 57%  Per Year 







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