Then In 2017, Trump's First Year in Office, These Same 14 Kansas Cos Generated Audited Total Pretax Income For the FYE 2017 Which Was Up a Substantially Lower But Still Excellent Earnings Growth of 20% From That in FYE 2016.
My Focus is on Pretax Income Rather Than on After-Tax Net Income Because Income Taxes are Simply a Transfer of Financial Wealth Between US Corporations and the US Federal, US State and Foreign Governments. It Has Nothing Whatsoever to do with Company Operating Performance.
From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the FYE 2017, 2016 and 2015 for the 14 Kansas Companies with stock market caps above $1 bil recently.
|
|
Trump | Obama | ||||
| First | Last | Obama | ||||
| Year | Year | Year | ||||
| 2017 | 2016 | 2015 | ||||
| Audited | Audited | Audited | ||||
| Pretax | Pretax | Pretax | ||||
| Income | Income | Income | ||||
| (Loss) | (Loss) | (Loss) | ||||
| From | From | From | ||||
| Kansas Companies | City | State | 2017 | Continuing | Continuing | Continuing |
| Stock Market Caps Above $1 Bil | HQs | HQs | FYE | Operations | Operations | Operations |
| $ mils | $ mils | $ mils | ||||
| Garmin Ltd | Olathe | KS | Dec 17 | 682 | 630 | 567 |
| Spirit AeroSystems | Wichita | KS | Dec 17 | 535 | 662 | 809 |
| Westar Energy | Topeka | KS | Dec 17 | 488 | 546 | 454 |
| Tallgrass Energy Partners LP | Leawood | KS | Dec 17 | 440 | 275 | 197 |
| Seaboard | Shawnee Mission | KS | Dec 17 | 427 | 384 | 241 |
| Sprint Corp | Overland Park | KS | Mar 18 | 303 | (771) | (1,854) |
| Euronet Worldwide | Leawood | KS | Dec 17 | 256 | 233 | 141 |
| Waddell & Reed Financial | Overland Park | KS | Dec 17 | 246 | 240 | 387 |
| Capitol Federal Financial | Topeka | KS | Sep 17 | 128 | 122 | 116 |
| Compass Minerals Intl | Overland Park | KS | Dec 17 | 103 | 197 | 215 |
| CURO Group Holdings | Wichita | KS | Dec 17 | 92 | 108 | 36 |
| MGP Ingredients | Atchison | KS | Dec 17 | 53 | 45 | 38 |
| QTS Realty Services | Overland Park | KS | Dec 17 | (8) | 15 | 14 |
| AMC Entertainment Holdings | Leawood | KS | Dec 17 | (333) | 150 | 164 |
| Total all 14 Kansas Companies | 3,412 | 2,836 | 1,525 | |||
| Trump's First Year 2017 | ||||||
| ….. Pretax Income % Increase 2017 vs 2016 | 20% | |||||
| Obama's Last Year 2016 | ||||||
| ….. Pretax Income % Increase 2016 vs 2015 | 86% |
