Nebraska Companies Earnings Drop By $9 Bil or By 21% in 2017, Trump's First Year in Office. ......................................................................................

From a review of US SEC filings, there were 8 Companies headquartered in Nebraska with stock market caps of more than $1 bil recently.

These 8 Nebraska Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations of $33.6 Bil in Fiscal Year Ended (FYE) 2017, a Decline of 21% from their similar Total Pretax Income of $42.6 Bil in FYE 2016. 

In 2016 in Obama’s last year in office, these same 8 Nebraska Cos posted Audited Total Pretax Income From Continuing Operations which decreased but by a much lower 5% in FYE 2016 from their similar Total Pretax Income in FYE 2015.  

Nearly all Republicans, a high percentage of Independents and even many perceptive Democrats all agree as a starting point that for US capitalism to work properly, Companies must generate in the aggregate reasonably healthy profits.  This didn't even come close to happening for Nebraska Companies in 2017.

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 Fiscal Years Ended 2017, 2016 and 2015 for the 8 Nebraska 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
Nebraska Companies	City	State	2017	Continuing	Continuing	Continuing
Stock Market Caps Above $1 Bil	HQs	HQs	FYE	Operations	Operations	Operations
				$ mils	$ mils	$ mils
Berkshire Hathaway	Omaha	NE	Dec 17	23,838	33,667	34,946
Union Pacific Corp	Omaha	NE	Dec 17	7,632	6,766	7,656
TD Ameritrade	Omaha	NE	Dec 17	1,394	1,265	1,288
Valmont Industries	Valley	NE	Dec 17	228	220	93
Nelnet	Lincoln	NE	Dec 17	227	399	421
Werner Enterprises	Omaha	NE	Dec 17	145	127	201
Buckle	Omaha	NE	Jan 18	138	156	235
Lindsay Corp	Omaha	NE	Dec 17	36	29	47
Total all 8 Nebraska Companies				33,638	42,629	44,887
Trump's First Year 2017
….. Pretax Income % Decrease 2017 vs 2016				-21%
Obama's Last Year 2016
….. Pretax Income % Decrease 2016 vs 2015				-5%