Colorado Corporate 2011 Annual Earnings On Fire Under Obama

I found an incredibly large number of Corporations…..37 in total…..headquartered in Colorado, which file with the SEC, and which had Pretax Income or Pretax Loss of roughly $100 mil or more in any of the most recent three years.

In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Asset Impairments, Gains and Losses on Debt Retirements, Gains and Losses on Asset Dispositions, and Special Litigation Gains and Losses.  I also excluded Financial Instrument Gains and Losses, as well as the Foreign Currency and Fair Value Gains and Losses, of the Liberty Group of Corporations.

These 37 superb Colorado Corps had their Total Pretax Income in 2011 increase by 22% over 2010, and by a very robust 93% over 2009.

An amazing 16 of these 37 Colorado Corps, or 43% of them, had Pretax Incomes in 2011 which were triple digit percentage increases over that earned in 2009.

When the exceptionally well-run McDonald's Spinoff Chipotle Mexican Grill is only #22 on this list of 37 Colorado Corps for its very strong 72% earnings growth of the past two years, you know you have a just stellar list of Colorado companies.  All Colorado citizens should be very proud of their State's companies.

Clearly, the Obama Administration has created an economic environment in the past two years that has permitted these Colorado Corporations to flat out flourish.

Below here are the 10 of these 37 Colorado Corps which are Oil and Gas Corps.  The Total Pretax Income of these 10 Oil and Gas Corps was $4.0 bil in 2011, up 40% from 2010, and up an off-the-charts 647% from 2009.  All 10 of these Oil and Gas Corps are headquartered in Denver.  Thus, I see why I was recently able to easily spot a Petroleum Club in Downtown Denver.

					Obama
					Bump
				PTI(L)	PTI(L)
				1 Year	2 Year
	PTI(L)	PTI(L)	PTI(L)	%	%
	2011	2010	2009	Change	Change
	mils $s	mils $s	mils $s
Oil and Gas
Cimarex Energy	841	914	303	-8%	178%
Whiting Petroleum	780	541	(163)	44%	579%
QEP Resources	643	453	333	42%	93%
Antero Resources Finance	623	112	(109)	456%	672%
SM Energy	344	160	61	115%	464%
Berry Petroleum	256	136	68	88%	276%
MarkWest Energy	199	80	(155)	149%	228%
Forest Oil	187	299	117	-37%	60%
DCP Midstream	120	72	(2)	67%	6100%
Bill Barrett Corp	48	128	88	-63%	-45%
Total all 10	4,041	2,895	541	40%	647%

And below here are the Colorado Headquarters for each of these 37 Colorado Corps.

Colorado Corp	Colorado HQs
Newmont Mining	Greenwood Village
DISH Networks	Englewood
Discovery Communications	Englewood
Western Union	Englewood
Liberty Media	Englewood
DaVita	Denver
Liberty Interactive	Englewood
Cimarex Energy	Denver
Arrow Electronics	Englewood
Whiting Petroleum	Denver
Molson Coors Brewing	Denver
Ball Corp	Broomfield
QEP Resources	Denver
Antero Resources Finance	Denver
Liberty Global	Englewood
Chipotle Mexican Grill	Denver
SM Energy	Denver
Berry Petroleum	Denver
Janus Capital	Denver
MarkWest Energy Partners	Denver
Forest Oil	Denver
IHS Inc	Englewood
Intrepid Potash	Denver
Molycorp	Greenwood Village
Croc's	Niwot
Thompson Creek Metals	Littleton
DCP Midstream Partners	Denver
National CineMedia	Centennial
Royal Gold	Denver
tw telecom	Littleton
Teletech Holdings	Englewood
Bill Barrett Corp	Denver
Echo Star	Englewood
MDC Holdings	Denver
UDR	Highlands Ranch
Apartment Investment & Mgt	Denver
Pilgrims Pride	Greeley

And below here is the Pretax Income (PTI) and Pretax Loss (PTL) of all of these 37 Colorado Corps for each of the most recent three years.  Two late additions, not included in the below 37 Colorado Corps, are Fort Collins, CO-based Woodward, which generated Pretax Income of $188 mil in 2011, $155 mil in 2010, and $122 mil in 2009, and Englewood, CO-based CH2M Hill, which generated Pretax Income of $181 mil in 2011, $172 mil in 2010, and $111 mil in 2009.

					Obama
					Bump
				PTI(L)	PTI(L)
				1 Year	2 Year
	PTI(L)	PTI(L)	PTI(L)	%	%
	2011	2010	2009	Change	Change
	mils $s	mils $s	mils $s
Colorado
Newmont Mining	3,894	3,997	2,954	-3%	32%
DISH Networks	2,094	1,767	1,374	19%	52%
Discovery Comm	1,430	1,071	787	34%	82%
Western Union	1,275	1,145	1,132	11%	13%
Liberty Media	1,059	116	(38)	813%	2887%
DaVita	893	818	758	9%	18%
Liberty Interactive	855	547	465	56%	84%
Cimarex Energy	841	914	303	-8%	178%
Arrow Electronics	810	679	189	19%	329%
Whiting Petroleum	780	541	(163)	44%	579%
Molson Coors Brewing	774	809	718	-4%	8%
Ball Corp	660	606	537	9%	23%
QEP Resources	643	453	333	42%	93%
Antero Resources Finance	623	112	(109)	456%	672%
Liberty Global	430	140	141	207%	205%
Chipotle Mexican Grill	350	289	204	21%	72%
SM Energy	344	160	61	115%	464%
Berry Petroleum	256	136	68	88%	276%
Janus Capital	233	245	107	-5%	118%
MarkWest Energy	199	80	(155)	149%	228%
Forest Oil	187	299	117	-37%	60%
IHS	162	173	159	-6%	2%
Intrepid Potash	162	75	92	116%	76%
Molycorp	147	(51)	(29)	388%	607%
Croc's	137	81	(23)	69%	696%
Thompson Creek Metals	134	184	39	-27%	244%
DCP Midstream	120	72	(2)	67%	6100%
National CineMedia	120	127	119	-6%	1%
Royal Gold	116	44	63	164%	84%
tw telecom	99	67	30	48%	230%
Teletech Holdings	92	82	103	12%	-11%
Bill Barrett Corp	48	128	88	-63%	-45%
Echo Star	29	145	(7)	-80%	514%
MDC Holdings	(68)	(71)	(107)	4%	36%
UDR	(111)	(114)	(79)	3%	-41%
Apartment Investment Mgt	(135)	(167)	(207)	19%	35%
Pilgrims Pride	(487)	85	(87)	-673%	-460%
Total all 37	19,195	15,784	9,935	22%	93%

Arizona Corporate 2011 Annual Earnings Up Sharply Under Obama

I found 19 Corporations, headquartered in Arizona, which file with the SEC, and which had Pretax Income or Pretax Loss of more than $100 mil in any of the most recent three years.

In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Asset Impairments and Gains and Losses on Debt Retirements.

These 19 Arizona Corps had their Total Pretax Income in 2011 increase by 4% over 2010, and by a very robust 68% over 2009.

Freeport McMoran Copper & Gold dominates the corporate landscape in Arizona.  It generated precisely half of the Total Pretax Income in 2011 of all 19 of these Arizona Corps.

Freeport McMoran generated a Pretax Income increase of 46% in annual 2010 over 2009.  Then, it even surpassed that with a Pretax Income increase of 74% in the first half of 2011 over the first half of 2010.

Then, early in the third quarter 2011, Freeport McMoran had substantial labor disruptions at its huge Indonesian operations. 

A second strike at its Indonesian operations started in October 2011, and even resulted in severe pipeline damage. 

The end result was Freeport McMoran experiencing a Pretax Income decline of 37% in the second half of 2011, as compared with the second half of 2010.

Thus, the huge, highly profitable Freeport McMoran had only a 4% Pretax Income increase in annual 2011 over 2010, thereby substantially softening what would have been a robust Total Pretax Income increase of all 19 Arizona corporations in annual 2011 over 2010.

On the upside, Southern Copper had spectacular back-to-back $1 bil increases in Pretax Income in each of the most recent two years.

On the downside, US Airways had a $412 mil Pretax Income decline in annual 2011 as compared with 2010, but it was all more than due to $1 billion of higher aircraft fuel costs.

Also on the downside, First Solar’s $423 mil Pretax Income drop in annual 2011 was due in part to an 11% decline in its Gross Profit as a percentage of its Net Sales.

Clearly from an overall perspective, the Obama Administration has created an economic environment in the past two years that has permitted these just superb Arizona Corporations to thrive.

Below here is the Arizona Headquarters for each of these 19 Arizona Corps. 

Arizona Corp	Arizona HQs
Freeport McMoran	Phoenix
Southern Copper	Phoenix
Apollo Group	Phoenix
Republic Services	Phoenix
Avnet	Phoenix
Microchip Technology	Chandler
Petsmart	Phoenix
First Solar	Tempe
Medicis Pharmaceutical	Scottsdale
Swift Transport	Phoenix
Insight Enterprises	Tempe
ON Semiconductor	Phoenix
Amkor Technology	Chandler
Knight Transport	Phoenix
US Airways	Tempe
Meritage Home	Scottsdale
RSC Holdings	Scottsdale

Late Additions
Western Alliance Bancorp	Phoenix
IMH Financial	Scottsdale

And below here is the Pretax Income (PTI) and Pretax Loss (PTL) of these 19 Arizona Corps for each of the most recent three years.

					Obama
					Bump
				PTI(L)	PTI(L)
				1 Year	2 Year
	PTI(L)	PTI(L)	PTI(L)	%	%
	2011	2010	2009	Change	Change
	mils $s	mils $s	mils $s
Freeport McMoran	8,818	8,512	5,816	4%	52%
Southern Copper	3,449	2,431	1,404	42%	146%
Apollo Group	1,174	1,364	1,148	-14%	2%
Republic Services	1,117	1,038	865	8%	29%
Avnet	871	585	316	49%	176%
Microchip Technology	380	461	238	-18%	60%
Petsmart	446	370	309	21%	44%
First Solar	339	762	686	-56%	-51%
Medicis Pharma	200	249	166	-20%	20%
Swift Transport	149	(74)	(109)	301%	237%
Insight Enterprises	142	115	42	23%	238%
ON Semiconductor	124	306	71	-59%	75%
Amkor Technolgy	116	251	112	-54%	4%
Knight Transport	101	98	84	3%	20%
US Airways	90	502	(243)	-82%	137%
Meritage Home	(20)	2	(155)	-1100%	87%
RSC Holdings	(14)	(117)	(111)	88%	87%
Total all 17	17,482	16,855	10,639	4%	64%

Late Additions
IMH Financial Corp	(35)	(117)	(74)	70%	53%
Western Alliance Bancorp	50	11	(135)	355%	137%
Grand Total all 19	17,497	16,749	10,430	4%	68%

Arkansas Corporate 2011 Annual Earnings Sans Walmart Up 117% over 2009

I found 8 Corporations, headquartered in Arkansas, which file with the SEC, and which had Pretax Income or Pretax Loss of more than $100 mil in any of the most recent three years.

The extremely well run giant Walmart had its 2011 Pretax Income increase by 4% in fiscal year ended (FYE) January 2012 over FYE January 2011, and by 10% over FYE January 2010.

Walmart’s incredible financial strength permitted it to spend $28.4 bil in buying back its common stock in the three most recent fiscal years.  This financial engineering resulted in its FYE Jan 2012 Earnings Per Share to increase much more robustly, by 9% over FYE Jan 2011, and by 22% over FYE Jan 2010.

The remaining 7 of these Arkansas Corps had their Total Pretax Income in 2011 increase by 12% over 2010, and by an extremely strong 117% over 2009.

In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Asset Impairments and Gains and Losses on Debt Retirements.

Below here is the Pretax Income (PTI) and Pretax Loss (PTL) of these 8 Arkansas Corps for each of the most recent three years.

					Obama
					Bump
				PTI(L)	PTI(L)
				1 Year	2 Year
	PTI(L)	PTI(L)	PTI(L)	%	%
	2011	2010	2009	Change	Change
	mils $s	mils $s	mils $s
Arkansas
Walmart	24,398	23,538	22,118	4%	10%
The Rest
Murphy Oil	1,920	1,389	1,235	38%	55%
Tysons Foods	1,074	1,203	17	-11%	6218%
JB Hunt Transport	416	320	224	30%	86%
Windstream	410	508	649	-19%	-37%
Dillards	353	269	85	31%	315%
Arkansas Best	9	(54)	(166)	117%	105%
TransAmerica Advisors Life Insurance	4	113	(111)	-96%	105%
Total 7 Rest	4,186	3,748	1,933	12%	117%
Total all 8	28,584	27,286	24,051	5%	19%

Alabama Corporate 2011 Annual Earnings On Fire Under Obama

I found nine Corporations, headquartered in Alabama, which file with the SEC, and which had Pretax Income or Pretax Loss of more than $100 mil in any of the most recent three years.  Eight of these were headquartered in Birmingham, with only Adtran being based outside of Birmingham in Huntsville.

These nine corps had their Total Pretax Income in 2011 increase by an off-the-charts 111% over 2010, and by an even more off-the-charts 580% over 2009.

The main driver of these very strong earnings growth was the remarkable turnaround at Regions Financial.  Alabama should thank the Obama Administration and Fed Chairman Ben Bernanke for their help here.

In deriving Pretax Income, I start with Pretax Income under Generally Accepted Accounting Principles (GAAP), and then exclude several clearly unusual very large items relative to Pretax Income, such as Intangible Asset Impairments and Gains and Losses on Debt Retirements.

Below here is the Pretax Income (PTI) and Pretax Loss (PTL) of these nine Alabama Corps for each of the most recent three years.

					Obama
					Bump
				PTI(L)	PTI(L)
				1 Year	2 Year
	PTI(L)	PTI(L)	PTI(L)	%	%
	2011	2010	2009	Change	Change
	mils $s	mils $s	mils $s
Alabama
Protective Life	507	389	417	30%	22%
Proassurance	415	333	319	25%	30%
Regions Fincl	414	(844)	(1,268)	149%	133%
Energen	405	458	400	-12%	1%
Healthsouth	282	190	145	48%	94%
Adtran	206	168	108	23%	91%
Infinity Prop&Cas	54	129	111	-58%	-51%
Vulcan Materials	(248)	(211)	(46)	-18%	-439%
Walter Energy	480	578	184	-17%	161%
Total all 9	2,515	1,190	370	111%	580%