Monday, September 7, 2020

Colorado Companies Were in An Earnings Economic Depression in the First Half of 2020 ..... The 45 Largest Colorado Companies Total Pretax Earnings Declined By 120% in the First Quarter of 2020 and Declined By An Even Higher 176% in the Second Quarter of 2020 ..... Total Pretax Losses Were $4.3 Bil in the First Half of 2020 vs Total Pretax Earnings of $9.1 Bil in the First Half of 2019

From a review of Company SEC filings and the Google Finance website, I found 45 Colorado Companies with stock market caps of above $1 bil in mid-June 2020.  Of these 45 Colorado Companies, 43 of them had June 2020 quarter ends, one had a May 2020 quarter end and another had a July 2020 quarter end and hasn't released its July 2020 quarter earnings yet.

The table below shows the Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the second and first quarters of both 2020 and 2019 for each of these 45 excellent Colorado Companies.
US US US US
GAAP GAAP GAAP GAAP
Pretax Pretax Pretax Pretax
Income Income Income Income
(Loss) (Loss) (Loss) (Loss)
Second Second First First
Colorado Companies Quarter Quarter Quarter Quarter
Stock Market Caps Above $1 Bil City HQs 2020 2019 2020 2019
mils $ mils $ mils $ mils $
Advanced Energy Industries Denver              34              27              22              13
Antero Midstream Corp Denver            120            100           (538)                7
Antero Resources Corp Denver           (605)              59           (449)         1,314
Apartment Investment & Management Co Denver              40              68                6            294
Arrow Electronics Centennial            174           (600)              78            196
Ball Corp Broomfield            111            226              44            140
Century Communities Greenwood Village              50              21              34              23
Cimarex Energy Denver        (1,197)            143           (791)              34
CoreSite Realty Denver              25              26              23              26
Crocs Niwot              55              45              19              30
CSG Systems Intl Greenwood Village              14              27              29              26
DaVita Denver            338            324            369            216
DCP Midstream LP Denver              48            120           (548)              77
Dish Networks Englewood            632            446            144            475
EchoStar Englewood               (4)             (25)             (65)               (1)
Gates Industrial Corp plc Denver             (27)              64              24              65
GCI Liberty Englewood            846            640           (869)            948
Innospec Englewood             (54)              31              44              39
Janus Henderson Group plc Denver/London            162            148           (354)            130
Liberty Braves Group Englewood             (47)              31              38             (82)
Liberty Broadband Englewood              97              16             (11)             (19)
Liberty Formula One Group Englewood           (227)             (87)           (368)           (192)
Liberty Global plc Englewood           (662)           (313)         1,098           (279)
Liberty Latin America Ltd Denver           (496)             (82)           (179)             (37)
Liberty SiriusXM Group Englewood             (34)            318            368            205
Maxar Technologies Ltd Westminster               (4)            142             (75)             (66)
MDC Holdings Denver            112              74              49              56
Mesa Laboratories Lakewood                0                5               (0)                2
Molson Coors Brewing Golden            402            401           (159)            181
National Storage Affiliates Trust Greenwood Village              18              18              16              13
Newmont Mining Greenwood Village            550              20            779            275
Ovintiv Inc Denver        (4,089)            497            561           (306)
PDC Energy Denver           (218)              91           (473)           (158)
Pilgrim's Pride Greeley               (9)            246            106            105
Ping Identity Holding Denver               (6)                2               (6)               (6)
Qurate Retail Englewood            293            100             (27)              58
Royal Gold Inc Denver              49              32              47              38
Simply Good Foods Company Denver              22              18              15              17
Summit Materials Denver              76              55             (70)           (100)
TTEC Holdings Englewood              45              21              35              28
UDR Inc Highlands Ranch              64              38                6              29
Vail Resorts Broomfield  NA   NA             186            402
VF Corp Greenwood Village           (313)              86           (390)            105
Western Union Denver            193            746            202            216
Woodward Fort Collins              45              92            107              90
Total all 45 Colorado Companies        (3,377)         4,457           (923)         4,627
… % Change From Prior Year Quarter (176)% (120)%













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