Saturday, September 19, 2020

The 56 Largest City of San Francisco, CA Headquartered Companies Total Pretax Earnings Declined By a Clearly Off-the-Charts 466% in the Second Quarter of 2020, Substantially Much Worse Than Their 102% Decline in the First Quarter of 2020. The Trump Administration's Reputedly Strong US Economy Certainly Hasn't Hit the City of San Francisco.

From a review of Company SEC filings and the Google Finance website, I found 57 Companies headquartered in the City of San Francisco with stock market caps of above $100 mil recently.  One of these Companies hasn't disclosed its earnings information for either the first or second quarter of 2020.  That leaves 56 Companies.   Of these 56 City of San Francisco Companies, 44 or 79% of them had June 2020 second quarter ends, 11 had July 2020 second quarter ends 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 superb 56 City of San Francisco 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
City of San Francisco, California Companies 2020 2019 2020 2019
Stock Market Caps Above $100 Mil City HQs mils $ mils $ mils $ mils $
Visa  San Francisco        2,932       3,866       3,829       3,677
Charles Schwab Corp  San Francisco           888       1,236       1,047       1,264
salesforce.com  San Francisco           839          164            47          482
Prologis  San Francisco           501          437          552          387
First Republic Bank  San Francisco           318          269          272          268
Williams Sonoma  San Francisco           179            83            46            72
Digital Realty Trust  San Francisco             87            66          236          125
TGP Real Estate Finance Trust  San Francisco             43            32        (233)            29
Dolby Laboratories  San Francisco             40            42          111          110
Terreno Realty Corp  San Francisco             31            10            13            16
Dropbox  San Francisco             22          (21)            40          (13)
SuRo Capital Corp  San Francisco             22            (1)          (24)            17
Textainer Group Holdings Ltd  San Francisco             17            (1)            (6)            18
CAI International  San Francisco             17              7            (5)            20
Castlight Health  San Francisco             (4)            (8)          (56)          (11)
Square  San Francisco           (12)            (7)        (105)          (38)
89bio  San Francisco           (12)          (15)          (11)            (4)
Fastly  San Francisco           (14)          (16)          (11)          (10)
PagerDuty  San Francisco           (14)          (12)          (11)          (12)
Glu Mobile  San Francisco           (15)              3          (10)              1
iRhythm Technologies  San Francisco           (20)          (11)            (9)            (8)
LiveRamp Holdings  San Francisco           (26)          (42)          (39)          (74)
Unity Software  San Francisco           (26)          (32)          (26)          (29)
Cloudflare  San Francisco           (28)          (19)          (33)          (17)
Eidos Therapeutics  San Francisco           (29)          (14)          (23)          (12)
1Life Healthcare  San Francisco           (30)          (11)          (35)            (7)
New Relic  San Francisco           (30)          (16)          (30)          (17)
Vir Biotechnology  San Francisco           (31)          (34)          (77)          (29)
Anaplan  San Francisco           (34)          (39)          (39)          (36)
Medallia  San Francisco           (35)          (38)          (33)            (2)
Yelp  San Francisco           (35)            16          (25)              1
Eventbrite  San Francisco           (39)          (16)        (146)          (10)
The Gap  San Francisco           (41)          271     (1,259)          302
The Real Real  San Francisco           (43)          (27)          (38)          (23)
Stitch Fix  San Francisco           (45)            (3)          (45)            (3)
Okta  San Francisco           (61)          (44)          (58)          (56)
Zendesk  San Francisco           (63)          (54)          (41)          (44)
DocuSign  San Francisco           (64)          (67)          (46)          (44)
Slack Technologies  San Francisco           (73)        (361)          (74)          (31)
Lending Club  San Francisco           (78)          (11)          (48)          (20)
Nektar Therapeutics  San Francisco           (80)        (110)        (138)        (119)
FibroGen  San Francisco           (85)          116          (79)          (45)
Fitbit  San Francisco           (89)          (68)        (124)          (78)
Twilio  San Francisco         (100)          (95)          (94)          (88)
Pinterest  San Francisco         (100)     (1,159)        (141)          (41)
Zynga  San Francisco         (132)          (59)          (95)        (139)
Sunrun  San Francisco         (134)        (106)        (113)          (90)
Invitae  San Francisco         (169)          (53)          (99)          (38)
Splunk  San Francisco         (260)          (95)        (307)        (152)
Twitter  San Francisco         (289)            88          (16)            97
Atlassian Corp plc  San Francisco         (396)        (191)        (167)        (202)
Levi Strauss  San Francisco         (458)            26          165          182
Lyft  San Francisco         (482)        (643)        (396)     (1,137)
PG&E  San Francisco      (1,429)     (3,668)          338            52
Uber Technologies  San Francisco      (1,761)     (5,238)     (3,176)        (991)
Wells Fargo  San Francisco      (6,249)       7,632          664       6,848
Total all 56 San Francisco Companies     (7,179)       1,959        (181)     10,298
… % Change From Prior Year Quarter -466% -102%