Thursday, September 17, 2020

Nebraska Companies Were in an Incredibly Deep Earnings Economic Depression in the First Half of 2020 ..... The 12 Largest Nebraska Companies Total Pretax Earnings Declined By 144% in the First Half of 2020, Going From Total Pretax Income of $51.1 Bil in the First Half of 2019 to Total Pretax Losses of $22.6 Bil in the First Half of 2020

From a review of Company SEC filings and the Google Finance website, I found 12 Nebraska Companies with stock market caps of above $200 mil in mid-June 2020.  Of these 12 Nebraska Companies, 10 or 83% of them had June 2020 second quarter ends, 1 had a July 2020 second quarter end and 1 had a May 2020 second quarter end.

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 12 excellent Nebraska 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
    Quarter Quarter Quarter Quarter
Nebraska Largest Companies   2020 2019 2020 2019
Stock Market Caps Above $200 Mil City HQs mils $ mils $ mils $ mils $
Berkshire Hathaway Omaha     35,409     17,759   (63,049)     27,647
Union Pacific Corp Omaha       1,496       2,058       1,918       1,790
TD Ameritrade Omaha          753          743          559          668
Nelnet Lincoln          107            31          (50)            53
First National of Nebraska Omaha            59          120            32          106
Werner Enterprises Omaha            52            58            30            48
Buckle Kearney            46            22          (16)            20
Valmont Industries Omaha            36            54            57            49
Lindsay Corp Omaha            12              3              7            (5)
National Research Corp Lincoln              9              9            11            10
Boston Omaha Omaha              3            (2)          (25)            (4)
Green Plains Omaha          (29)          (57)          (63)          (46)
Total all 12 Nebraska Companies      37,953     20,798   (60,589)     30,336
… % Change From Prior Year Quarter 82% -300%
Total Pretax Income (Losses)
….. First Half of 2020   (22,636)
….. First Half of 2019     51,134
………. % Decline -144%