These fine 62 Virginia Cos posted Audited Gold-Standard US GAAP Total Pretax Income From Continuing Operations of $44.992 Bil in Fiscal Year Ended (FYE) 2017, a decline of 17% from their similar Total Pretax Income of $53.969 Bil in FYE 2016.
This 17% Earnings Decline in 2017 was a substantial earnings growth reversal.
In 2016 in Obama’s last year in office, these same 62 Virginia Cos posted Audited Total Pretax Income From Continuing Operations of $53.969 Bil in FYE 2016, an increase of an off-the-charts 54% from their similar Total Pretax Income of $34.995 Bil 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.
It’s clear to me why Obama is now respected by many Virginia financially savvy citizens.
My Focus is on Pretax Income Rather Than 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 Years Ended 2017, 2016 and 2015 for the 62 Virginia Companies with stock market caps above $1 bil recently.
From a review of SEC filings, the chart below shows the Audited Gold-Standard US GAAP Pretax Income (Loss) From Continuing Operations for the Years Ended 2017, 2016 and 2015 for the 62 Virginia 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 | ||||
| Virginia Companies | City | State | 2017 | Continuing | Continuing | Continuing |
| Stock Market Caps Above $1 Bil | HQs | HQs | FYE | Operations | Operations | Operations |
| $ mils | $ mils | $ mils | ||||
| Altria Group | Richmond | VA | Dec 17 | 9,828 | 21,852 | 8,078 |
| Capital One Financial | McLean | VA | Dec 17 | 5,492 | 5,484 | 5,881 |
| General Dynamics | Falls Church | VA | Dec 17 | 4,077 | 3,656 | 4,219 |
| Norfolk Southern | Norfolk | VA | Dec 17 | 3,128 | 2,582 | 2,442 |
| Dominion Energy | Richmond | VA | Dec 17 | 3,090 | 2,867 | 2,828 |
| Northop Grumman | Falls Church | VA | Dec 17 | 3,049 | 2,923 | 2,790 |
| Dollar Tree | Chesapeake | VA | Jan 18 | 1,704 | 1,329 | 448 |
| DXC Technology | Tysons | VA | Mar 18 | 1,671 | (174) | 10 |
| CarMax | Richmond | VA | Feb 18 | 1,064 | 1,006 | 1,010 |
| Hilton Worldwide | McLean | VA | Dec 17 | 930 | 556 | 533 |
| AvalonBay Community | Arlington | VA | Dec 17 | 877 | 1,034 | 743 |
| NVR Inc | Reston | VA | Dec 17 | 847 | 662 | 603 |
| AES Corp | Arlington | VA | Dec 17 | 842 | 223 | 1,094 |
| Huntington Ingalls Industries | Newport News | VA | Dec 17 | 772 | 784 | 632 |
| Genworth Financial | Richmond | VA | Dec 17 | 729 | 320 | (15) |
| Verisign | Reston | VA | Dec 17 | 599 | 581 | 488 |
| Advance Auto Parts | Roanoke | VA | Dec 17 | 520 | 739 | 753 |
| Willis Towers Watson | Arlington | VA | Dec 17 | 492 | 342 | 351 |
| Booz Allen Hamilton | McLean | VA | Mar 18 | 438 | 412 | 379 |
| Leidos Holding | Reston | VA | Dec 17 | 355 | 393 | 318 |
| NewMarket | Richmond | VA | Dec 17 | 315 | 343 | 339 |
| Maximus | Reston | VA | Sep 17 | 314 | 286 | 260 |
| Tegna | McLean | VA | Dec 17 | 311 | 449 | 346 |
| CACI Intl | Arlington | VA | .Jun 18 | 299 | 249 | 224 |
| BWX Technologies | Lynchburg | VA | Dec 17 | 296 | 257 | 221 |
| Park Hotels & Resorts | Tysons | VA | Dec 17 | 285 | 221 | 417 |
| Northrop Grumman Innovation Systems | Falls Church | VA | Dec 17 | 272 | 462 | 404 |
| Science Applications Intl | Reston | VA | Jan 18 | 214 | 212 | 183 |
| Performance Food Group | Richmond | VA | .Jun 18 | 194 | 158 | 115 |
| Apple Hospitality REIT | Richmond | VA | Dec 17 | 183 | 145 | 118 |
| Graham Holdings | Arlington | VA | Dec 17 | 183 | 251 | (121) |
| Brink's Co | Richmond | VA | Dec 17 | 182 | 125 | 41 |
| Universal Corp | Richmond | VA | Mar 18 | 167 | 169 | 173 |
| Beacon Roofing Supply | Herndon | VA | Dec 17 | 163 | 147 | 106 |
| PRA Group | Norfolk | VA | Dec 17 | 158 | 134 | 258 |
| Dominion Energy Midstream LP | Richmond | VA | Dec 17 | 155 | 236 | 199 |
| Towne Bank | Portsmouth | VA | Dec 17 | 148 | 101 | 93 |
| Trex Co | Winchester | VA | Dec 17 | 142 | 103 | 77 |
| Iridium Communications | McLean | VA | Dec 17 | 120 | 178 | 73 |
| Union Bankshares | Richmond | VA | Dec 17 | 106 | 104 | 90 |
| Mantech Intl | Fairfax | VA | Dec 17 | 97 | 90 | 85 |
| American Woodward | Winchester | VA | Apr 18 | 95 | 109 | 92 |
| Markel | Glen Allen | VA | Dec 17 | 87 | 630 | 742 |
| ePLUS | Herndon | VA | Mar 18 | 84 | 86 | 76 |
| Chesapeake Lodging Trust | Arlington | VA | Dec 17 | 79 | 79 | 70 |
| Continental Building Products | Herndon | VA | Dec 17 | 76 | 67 | 26 |
| ICF Intl | Fairfax | VA | Dec 17 | 74 | 75 | 64 |
| MicroStrategy Inc | Tysons Corner | VA | Dec 17 | 73 | 113 | 138 |
| Owens & Minor | Mechanicsville | VA | Dec 17 | 57 | 173 | 173 |
| Strategic Education | Herndon | VA | Dec 17 | 53 | 57 | 66 |
| Engility Holdings | Chantilly | VA | Dec 17 | 50 | (9) | (298) |
| Gannett Co | McLean | VA | Dec 17 | 41 | 66 | 194 |
| Kinsale Capital Group | Richmond | VA | Dec 17 | 39 | 40 | 34 |
| Alarm.com Holdings | Tysons | VA | Dec 17 | 32 | 14 | 17 |
| Shenandoah Telecomm | Edinburg | VA | Dec 17 | 13 | 2 | 69 |
| Playa Hotels & Resorts NV | McLean | VA | Dec 17 | 9 | 24 | 8 |
| Appian | Reston | VA | Dec 17 | (30) | (14) | (7) |
| GTT Communications | McLean | VA | Dec 17 | (54) | 9 | (15) |
| Evolent Health | Arlington | VA | Dec 17 | (76) | (238) | 343 |
| Intelsat SA | McLean | VA | Dec 17 | (104) | 1,010 | (3,918) |
| Intrexon | Blacksburg | VA | Dec 17 | (130) | (194) | (87) |
| Comscore | Reston | VA | Dec 17 | (284) | (121) | (78) |
| Total all 62 Virginia Companies | 44,992 | 53,969 | 34,995 | |||
| Trump's First Year 2017 | ||||||
| … Pretax Income % Decrease 2017 vs 2016 | -17% | |||||
| Obama's Last Year 2016 | ||||||
| … Pretax Income % Increase 2016 vs 2015 | 54% |
