The 40 Largest Philadelphia Area Cos Pretax Profits Were Up By 8.5% in 2016, Obama's Last Year in Office, While These Same 40 Philly Area Cos Posted Pretax Profits Which Were Up By a Somewhat Lower 5.3% in 2017, Trump's First Year in Office ....................................................................................

Former US President Barack Obama will be headlining a campaign rally on this upcoming Friday, September 21, 2018 in North Philadelphia for Pennsylvania US Senator Bob Casey, who is running for reelection, and also for Pennsylvania Governor Tom Wolf, who is also running for reelection.

From a review of SEC filings, I found that there were 40 US Companies headquartered in the Greater Philadelphia area, which had either December or January fiscal year ends, which filed their annual financial statements with the SEC and which had stock market caps above $1 bil recently.

In 2016, Obama's last year in office, these 40 Greater Philadelphia area Companies posted fiscal year ended Audited Gold-Plated US GAAP Total Pretax Income from Continuing Operations of $27.166 Bil, up by 8.5% from their comparable 2015 Total Pretax Income of $25.043 Bil.

Then in 2017, Trump's first year in office, these same 40 Philly area Cos generated Audited Total Pretax Income which increased by a somewhat lower 5.3% from that in 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 US Federal, US State and Foreign Governments.   It has nothing whatsoever to do with company operating performance.

Below are these Pretax Income (Loss) From Continuing Operations for fiscal years of 2017, 2016 and 2015 along with the 2017 and 2016 Total Percentage Changes for these 40 Philadelphia area Companies:

				Trump	Obama
				First	Last	Obama
				Year	Year	Year
				2017	2016	2015
				Audited	Audited	Audited
				Pretax	Pretax	Pretax
				Income	Income	Income
				(Loss)	(Loss)	(Loss)
Greater Philidelphia Area Companies				From	From	From
Stock Market Caps Above $1 Bil	City	State	2017	Continuing	Continuing	Continuing
With December or January Year Ends	HQs	HQs	FYE	Operations	Operations	Operations
				$ mils	$ mils	$ mils
Comcast Corp	Philadelphia	PA	Dec 17	15,322	14,353	13,372
Chubb Ltd	Philadelphia	PA	Dec 17	3,722	4,950	3,296
PPL Corp	Allentown	PA	Dec 17	1,912	2,550	2,068
Universal Health Services	King of Prussia	PA	Dec 17	1,135	1,156	1,146
Lincoln National	Radnor	PA	Dec 17	1,130	1,458	1,430
Crown Holdings	Philadelphia	PA	Dec 17	829	769	639
Ametek	Berwyn	PA	Dec 17	797	693	806
SEI Investments	Oaks	PA	Dec 17	557	508	500
Trinseo SA	Berwyn	PA	Dec 17	411	405	204
Essent Group Ltd	Philadelphia	PA	Dec 17	399	312	228
Gaming&Leisure Properties	Wyomissing	PA	Dec 17	390	297	136
Radian Group	Philadelphia	PA	Dec 17	347	484	438
Teleflex	Wayne	PA	Dec 17	285	246	245
Vishay Intertechnology	Malvern	PA	Dec 17	279	94	75
Liberty Property Trust	Wayne	PA	Dec 17	273	356	238
Urban Outfitters	Philadelphia	PA	Jan 18	261	338	350
Aqua America	Bryn Mawr	PA	Dec 17	257	255	217
West Pharmaceuticals Svcs	Exton	PA	Dec 17	232	198	122
Axalta Coating Systems Ltd	Philadelphia	PA	Dec 17	190	83	158
FS Investment Corp	Philadelphia	PA	Dec 17	182	294	38
FMC Corp	Philadelphia	PA	Dec 17	181	181	(207)
Dorman Products	Colmar	PA	Dec 17	177	168	146
EPAM Systems	Newtown	PA	Dec 17	174	126	106
Globus Medical	Audubon	PA	Dec 17	170	157	173
Five Below	Philadelphia	PA	Jan 18	159	114	93
CubeSmart	Malvern	PA	Dec 17	136	88	79
Healthcare Services Group	Bensalem	PA	Dec 17	133	120	90
Brandywine Realty Trust	Philadelphia	PA	Dec 17	121	41	(31)
Nutri System	Fort Washington	PA	Dec 17	84	54	40
Knoll	East Greenville	PA	Dec 17	79	128	103
Quaker Chemical	Conshohocken	PA	Dec 17	64	84	70
Beneficial Bancorp	Philadelphia	PA	Dec 17	57	39	34
Orasure Technologies	Bethlehem	PA	Dec 17	41	20	9
BioTelemetry	Malvern	PA	Dec 17	(10)	16	8
Entercom Communications	Bala Cynwyd	PA	Dec 17	(24)	53	48
Penn National Gaming	Wyomissing	PA	Dec 17	(25)	121	57
Madrigal Pharmaceuticals	West Conshohocken	PA	Dec 17	(31)	(26)	(7)
PQ Group Holdings	Malvern	PA	Dec 17	(61)	(69)	11
Spark Therapeutics	Philadelphia	PA	Dec 17	(254)	(124)	(47)
Total all 39 Philly Area Cos With No Endo				30,081	31,090	26,481
Endo Intl plc *	Malvern	PA	Dec 17	(1,483)	(3,924)	(1,438)
Total all 40 Philly Area Cos				28,598	27,166	25,043
Trump's First Year 2017: 39 Philly Cos No Endo
… Pretax Income % Decrease 2017 vs 2016				-3.2%
Obama's Last Year 2016: 39 Philly Cos No Endo
… Pretax Income % Increase 2016 vs 2015				17.4%
Trump's First Year 2017: All 40 Philly Cos
… Pretax Income % Increase 2017 vs 2016				5.3%
Obama's Last Year 2016: All 40 Philly Cos
… Pretax Income % Increase 2016 vs 2015				8.5%
* Endo Intl Had $3.8 Bil of Pretax Asset Impairment Charges Burdening Its 2016 Reported Earnings

The 21 Largest Cleveland, Ohio Area Companies Profits Surge 561% During the Obama Administration ....................................................................................

Former US President Barack Obama will be campaigning this Thursday, September 13, 2018 in Cleveland, Ohio for Richard Cordray who is running for Ohio Governor and for his running mate Betty Sutton.

From a review of SEC filings, I found that there were 21 US Companies headquartered in the Cleveland, Ohio area, which filed their annual financial statements with the SEC in both Obama's first fiscal year in office (2009) and also in Obama's last fiscal year in office (2016) and which had stock market caps above $1 bil very recently.

These 21 Cleveland area Companies posted fiscal year ended 2016 Audited US GAAP Total Pretax Income from Continuing Operations of $9.746 Bil, up by $8.271 Bil, or up a blistering 561% from their comparable 2009 Total Pretax Income of $1.475 Bil.

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 US Federal, US State and Foreign  Governments.   It has nothing whatsoever to do with company operating performance.

Below are these Pretax Income (Loss) amounts in both fiscal year 2016 as well as in fiscal year 2009 for each of these 21 Cleveland area Companies:

							Originally
							Reported
			Obama	2016		Obama	2009
			Last	Audited		First	Audited
			Full	Pretax		Full	Pretax
			Year	Income		Year	Income	2016	2016
			in	(Loss)		in	(Loss)	vs	vs
			Office	From		Office	From	2009	2009
Cleveland, Ohio Area Companies	City	State	2016	Continuing		2009	Continuing	Better	Better
Stock Market Caps Above $1 Bil	HQs	HQs	FYE	Operations		FYE	Operations	(Worse)	(Worse)
				$ mils			$ mils	$ mils	%
Eaton Corp plc	Cleveland	OH	Dec 2016	2,127		Dec 2009	303	1,824	602%
Sherwin-Williams	Cleveland	OH	Dec 2016	1,595		Dec 2009	623	972	156%
Progressive Corp	Mayfield Village	OH	Dec 2016	1,471		Dec 2009	1,557	(86)	-6%
Parker Hannifin	Cleveland	OH	Jun 2016	1,115		Jun 2009	681	434	64%
KeyCorp	Cleveland	OH	Dec 2016	968		Dec 2009	(2,298)	3,266	NM
TransDigm Group	Cleveland	OH	Sep 2016	768		Sep 2009	251	517	206%
RPM International	Medina	OH	May 2016	483		May 2009	181	302	167%
Nordson	Westlake	OH	Oct 2016	368		Oct 2009	(127)	495	NM
Lincoln Electric Holdings	Cleveland	OH	Dec 2016	277		Dec 2009	86	191	222%
PolyOne	Avon Lake	OH	Dec 2016	222		Dec 2009	55	167	304%
Cleveland-Cliffs	Cleveland	OH	Dec 2016	207		Dec 2009	225	(18)	-8%
Steris plc	Mentor	OH	Mar 2016	172		Mar 2009	166	6	4%
TFS Financial	Cleveland	OH	Sep 2016	122		Sep 2009	20	102	510%
Applied Industrial Technologies	Cleveland	OH	Jun 2016	79		Jun 2009	66	13	20%
CBIZ	Cleveland	OH	Dec 2016	67		Dec 2009	52	15	29%
DDR Corp	Beachwood	OH	Dec 2016	63		Dec 2009	(309)	372	NM
Ferro	Mayfield Heights	OH	Dec 2016	62		Dec 2009	(44)	106	NM
Hyster-Yale Materials Handling	Cleveland	OH	Dec 2016	38		Dec 2009	(47)	85	NM
Materion	Mayfield Heights	OH	Dec 2016	25		Dec 2009	(21)	46	NM
GrafTech Intl Ltd	Brooklyn Heights	OH	Dec 2016	(116)		Dec 2009	37	(153)	-414%
A. Schulman	Fairlawn	OH	Aug 2016	(367)		Aug 2009	18	(385)	-2139%
Total all 21 Cleveland Area Companies				9,746			1,475	8,271	561%