Monday, October 17, 2016

The 40 Non-Crude Petroleum & Natural Gas Arizona Companies With Market Caps Above $100 Mil Generated Total Audited US GAAP Earnings in 2015 of $4.426 Bil, An Earnings Improvement of $4.954 Bil From Their Total Losses of $0.528 Bil in 2008, the Year Before President Obama Took Office ..... On the Other Hand, Freeport-McMoran, Which Has Substantial Oil & Gas Properties and Related Pretax Impairmant Losses of $13.1 Bil in 2015, Generated an Audited US GAAP Loss of $12.089 Bil in 2015, 16 Times Its $0.745 Bil Loss in 2014 ..... Elizabeth Warren is Spot On in Going After the US SEC Head, Who Has Lost Control of the Severely-Flawed Oil and Gas Properties Accounting, Which Is Wreaking Havoc and Uncertainty on the US Economy

Since the very best US Senator ..... Bernie Sanders ..... who is clearly not bought and paid for by US Big Corps ..... is traveling to Arizona tomorrow on Tuesday, October 18, 2016, I think it might be helpful to research how Arizona Headquartered Companies have performed on the earnings front during the Obama Administration.

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 41 Companies headquartered in Arizona all with Stock Market Capitalizations now of more than $100 Mil and which also have filed their fiscal year 2015 annual financial statements with the SEC.  Traditional Regulated Utilities were excluded.

Of these 41 Arizona Companies, only one of them has substantial oil & gas properties, along with the related huge Impairment Earnings Charge in 2015. 

The Total Audited US GAAP Earnings From Continuing Operations of the 40 Arizona Companies without Large Oil & Gas Properties were $4.426 Bil for 2015, an Earnings Improvement of $4.954 Bil from the Total Losses of $.528 Bil in 2008, the year before President Obama took office.

Below here are the reported Audited Earnings (Losses) From Continuing Operations of each of these 41 Arizona Companies with Stock Market Caps above $100 Mil for all years reported from 2007 through 2015 where the amounts were presented and in a consistent manner:

2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net
City ST 2015 Income Income Income Income Income Income Income Income Income
Arizona Company HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils
Non-Oil and Gas Properties Cos.











Republic Services Phoenix AZ Dec15          750        548        589        572        589        508        497            74        290
Southern Copper Phoenix AZ Dec15          741     1,338     1,624     1,941     2,344     1,563        935       1,414     2,227
First Solar Tempe AZ Dec15          546        396        351      (107)        (62)        664        640          348        158
Avnet Phoenix AZ Jun16          507        572        546        450        567        669        410     (1,122)        499
Northern Tier Energy LP Tempe AZ Dec15          331        242        231        198          28          86          55            59        195
Microchip Technology Chandler AZ Mar16          324        365        395        127        337        429        217          246        297
ON Semiconductor Phoenix AZ Dec15          209        192        154        (93)          15        293          63        (429)        205
Swift Transportation Phoenix AZ Dec15          198        161        155        140        103      (116)      (436)        (147)      (127)
Western Alliance Bancorporation Phoenix AZ Dec15          194        149        116          75          33          (4)      (147)        (230)          34
Taylor Morrison Home Corp Scottsdale AZ Dec15          171        226          28        356            8            8          (1)        (397)      (632)
Grand Canyon Education Phoenix AZ Dec15          131        111          89          69          51          35          27              7            2
Sprouts Farmers Market Phoenix AZ Dec15          129        108          51          20        (27)            5            5              4    
Meritage Homes Corp Scottsdale AZ Dec15          129        142        124        105        (21)            7        (66)        (292)      (289)
Knight Transportation Phoenix AZ Dec15          118        104          70          65          61          59          51            56          63
Cable One Phoenix AZ Dec15            89        147        105          94




Store Capital Corp Scottsdale AZ Dec15            82          43          22            7          (3)



Insight Enterprises Tempe AZ Dec15            76          76          71          93        100          75          34        (240)          69
Amkor Technology Tempe AZ Dec15            60        134        112          43          93        232        156        (457)        222
Insys Therapeutics Phoenix AZ Dec15            58          38          40        (24)        (19)        (14)        (14)          (27)        (18)
Apollo Education Group Inc Phoenix AZ Aug15            47        221        267        398        518        537        610          487        413
Healthcare Trust of America Scottsdale AZ Dec15            33          46          25        (24)          (6)          (8)        (25)          (28)          (8)
Magellan Health Inc Scottsdale AZ Dec15            29          74        125        151        130        139        107            86          94
Cavco Industries Inc Phoenix AZ Mar16            29          24          19          10          30            4          (4)              0            6
Viad Corp Phoenix AZ Dec15            27          41          19            4            8          (2)      (105)            44          43
Spirit Realty Capital Scottsdale AZ Dec15            25        (51)        (33)        (73)        (48)        (65)        (74)        
Global Water Resources Phoenix AZ Dec15            21          65






TASER International Inc Scottsdale AZ Dec15            20          20          18          15          (7)          (4)          (0)              4          15
AV Homes Inc Scottsdale AZ Dec15            12          (2)          (8)        (88)      (166)        (36)        (29)          110          21
TPI Composites Scottsdale AZ Dec15              8          (7)          (1)          (7)




Mobile Mini Inc Phoenix AZ Dec15              6          44          25          34          31          13          28            29          44
Kona Grill Inc Scottsdale AZ Dec15            (4)            1            3            5            2          (1)        (17)            (6)            0
Providence Service Corp Tucson AZ Dec15          (19)          24          13          (2)            2                
Inventure Foods Inc Phoenix AZ Dec15          (21)          11            7            7            3            4            4              2          (2)
Elio Motors Phoenix AZ Dec15          (23)        (25)        (14)





Limelight Networks Inc Tempe AZ Dec15          (24)        (25)        (35)        (30)        (30)        (22)          35          (63)        (73)
Colony Starwood Homes Scottsdale AZ Dec15          (44)        (44)        (23)          (4)




Accelerate Diagnostics Inc  Tucson  AZ Dec15          (45)        (31)        (15)          (5)          (0)            1          (1)            (2)
Lifelock Inc  Tempe  AZ Dec15          (51)            2          54          24          (4)        (15)        (59)          (58)        (35)
Godaddy Inc Scottsdale AZ Dec15        (120)      (143)      (200)      (279)      (324)          (4)          14        
Vereit Inc Phoenix AZ Dec15        (323)   (1,011)      (508)        (41)          (4)
















Total all 40


      4,426     4,326     4,611     4,226     4,332     5,040     2,910        (528)     3,713













Earnings Improvement 2015 vs 2008

      4,954




















Substantial Oil & Gas Properties










Freeport-McMoRan Phoenix AZ Dec15   (12,089)      (745)     3,441     3,980     5,747     5,544     3,534   (10,450)     3,433













Grand Total all 41


    (7,655)     3,574     8,051     8,199   10,079   10,584     6,444   (10,978)     7,146




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