Monday, January 21, 2019
Differences in Earnings Releases and 10-Ks

Wednesday, January 16, 2019
The Importance of Textual Analysis

Tuesday, January 8, 2019
A Look at Climate Change Disclosures

Wednesday, January 2, 2019
Quants: Point-in-Time Data for Backtesting

Friday, December 28, 2018
Now Showing: Controls & Procedures

Thursday, December 27, 2018
A Reminder on Non-GAAP Reporting Rules

Monday, December 17, 2018
Researching PG&E’s Wildfire Risk

Wednesday, December 12, 2018
Tracking Brexit Disclosures

Thursday, December 6, 2018
Campbell Soup: Looking Behind the Label

Sunday, December 2, 2018
SEC Comment Letters: The Amazon Example

Wednesday, November 28, 2018
Measuring Big Pharma’s Chemical Dependency

Monday, November 26, 2018
Analysts, Can You Relate? A True Story

Monday, November 19, 2018
Digging Up Historical Trend Data: Quest Example

Sunday, November 11, 2018
Cost of Revenue, SG&A: Q3 Update

Monday, November 5, 2018
Lease Accounting: FedEx vs. UPS

Saturday, November 3, 2018
New Email Alerting Powers

Wednesday, October 31, 2018
PTC and Two Tales of Revenue

Tuesday, October 30, 2018
10-K/Q Section Text Change Detection

Sunday, October 28, 2018
Finding Purchase Price Allocation

Sunday, October 21, 2018
Charting Netflix Growth in Three Ways

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Corporate Economic Review: Q2 2017
Wednesday, September 13, 2017

Every quarter we try to summarize what we see in Corporate America through its financial reporting. Sometimes we’re diligent enough to write about our observations. One such moment occurred last week when we compiled a report on 2nd quarter 2017 corporate financial data.

First, we measured the aggregate change in metrics from a specific quarter to the prior year’s same quarter (that is, comparing second-quarter 2017 and 2016). We only consider firms that have reported in both periods, and we exclude financial firms as they deserve their own analysis.

In this analysis, we sampled 3,884 firms in the period and found year-over-year changes represented by the chart below:

Yes! We were struck by the spike in profits over a year ago, too, and traced it to the following firms.

Biggest 5 profits in Q2 2017 (as measured by net income)

Firm Profit (USD Billion)
Apple Inc $8.717
Microsoft Corp $6.513
Verizon Communications $4.478
At&T Inc. $4.014
Facebook Inc $3.894

But, wait! We have one more significant thing: the EU fine to Google parent Alphabet Inc.

That fine was $2.74 billion dollars. Without it, Google would have place No. 3 on the list at $6.26 Billion; instead Google places 7th with $3.524 billion. The fine impacted overall profits by 2 percent in the entire sample. Let that sink in for a minute.

Get a full copy of the report here.

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