According to the newly enacted tax law, corporate Net Operating Losses will be limited for losses occurring AFTER 2017. The deduction is limited to 80% of the taxpayer’s taxable income.
If the law were in effect today, we were wondering which firms would be impacted. Keep in mind that these firms are not currently impacted, but could be for the 2018 tax year.
Recipe:
Without further ado, here’s the data :
All dollar values in MILLIONS.
| Company | EarningsBeforeTaxes | NOL’s | EBT_Threshold |
|---|---|---|---|
| General Motors Co | $11,684 | $14,608 | $9,347 |
| Medtronic plc | $4,602 | $26,590 | $3,682 |
| DowDuPont Inc. | $4,413 | $10,580 | $3,530 |
| American Airlines Group Inc. | $4,299 | $3,853 | $3,439 |
| Hp Inc | $3,761 | $8,725 | $3,009 |
| Southern Co | $3,480 | $3,000 | $2,784 |
| Thermo Fisher Scientific Inc. | $2,024 | $4,435 | $1,619 |
| Sempra Energy | $1,830 | $2,304 | $1,464 |
| Waste Management Inc | $1,822 | $2,025 | $1,458 |
| Aon plc | $1,669 | $1,345 | $1,335 |
| PG&E Corp | $1,462 | $1,851 | $1,170 |
| Mondelez International, Inc. | $1,454 | $3,517 | $1,163 |
| Delphi Automotive PLC | $1,425 | $1,415 | $1,140 |
| Abbott Laboratories | $1,413 | $2,384 | $1,130 |
| Stanley Black & Decker, Inc. | $1,226 | $1,240 | $981 |
| Goodyear Tire & Rubber Co /OH/ | $1,207 | $1,503 | $966 |
| TE Connectivity Ltd. | $1,162 | $2,938 | $930 |
| American Tower Corp /MA/ | $1,126 | $1,767 | $901 |
| Becton Dickinson & Co | $1,074 | $1,101 | $859 |
| Johnson Controls International plc | $1,061 | $4,483 | $849 |
| Motorola Solutions, Inc. | $844 | $927 | $675 |
| E Trade Financial Corp | $838 | $676 | $670 |
| Interpublic Group Of Companies, Inc. | $830 | $1,012 | $664 |
| Cms Energy Corp | $826 | $871 | $661 |
| Charter Communications, Inc. /MO/ | $820 | $4,127 | $656 |
| Seagate Technology plc | $815 | $5,600 | $652 |
| Newell Brands Inc | $815 | $1,511 | $652 |
| Hartford Financial Services Group Inc/DE | $804 | $1,894 | $643 |
| TransDigm Group INC | $768 | $653 | $614 |
| Conagra Brands Inc. | $730 | $1,113 | $584 |
| Equifax Inc | $728 | $715 | $583 |
| DOVER Corp | $689 | $1,282 | $551 |
| Centerpoint Energy Inc | $686 | $962 | $549 |
| PENTAIR plc | $561 | $1,462 | $449 |
| Ventas Inc | $519 | $589 | $415 |
| Arconic Inc. | $414 | $1,540 | $331 |
| People’s United Financial, Inc. | $410 | $1,400 | $328 |
| Xylem Inc. | $340 | $387 | $272 |
| Netflix Inc | $261 | $209 | $208 |
| Perkinelmer Inc | $244 | $467 | $195 |
| Mosaic Co | $242 | $204 | $194 |
| Boston Scientific Corp | $177 | $798 | $142 |
| Leucadia National Corp | $162 | $1,263 | $129 |
| Nisource Inc/DE | $161 | $646 | $129 |
| Equinix Inc | $160 | $468 | $128 |
| IHS Markit Ltd. | $142 | $622 | $114 |
| Caterpillar Inc | $139 | $4,055 | $111 |
| Aes Corp | $137 | $2,116 | $110 |
| BALL Corp | $125 | $425 | $100 |
| Mylan N.V. | $122 | $4,000 | $97 |
| Incyte Corp | $107 | $481 | $86 |
| UDR, Inc. | $106 | $91 | $85 |
| Microchip Technology Inc | $90 | $92 | $72 |
| Sba Communications Corp | $87 | $1,200 | $70 |
| Qorvo, Inc. | $27 | $41 | $22 |
| Salesforce Com Inc | $25 | $1,018 | $20 |
| Global Payments Inc | $0 | $15 | $0 |
| Vertex Pharmaceuticals Inc / MA | ($67) | $1,232 | N/A |
| Helmerich & Payne, Inc. | ($73) | $39 | N/A |
| American International Group Inc | ($74) | $12,116 | N/A |
| Ralph Lauren Corp | ($105) | $64 | N/A |
| Computer Sciences Corp | ($174) | $5,584 | N/A |
| Newmont Mining Corp /DE/ | ($214) | $216 | N/A |
| CF Industries Holdings, Inc. | ($226) | $425 | N/A |
| Symantec Corp | ($262) | $82 | N/A |
| Micron Technology Inc | ($281) | $11,880 | N/A |
| Williams Companies Inc | ($375) | $964 | N/A |
| EQT Corp | ($395) | $283 | N/A |
| Range Resources Corp | ($396) | $1,200 | N/A |
| First Solar, Inc. | ($472) | $86 | N/A |
| Autodesk Inc | ($524) | $174 | N/A |
| News Corp | ($615) | $473 | N/A |
| Frontier Communications Corp | ($623) | $687 | N/A |
| Cimarex Energy Co | ($623) | $10 | N/A |
| Coty Inc. | ($658) | $1,328 | N/A |
| Cabot Oil & Gas Corp | ($660) | $352 | N/A |
| Nrg Energy, Inc. | ($875) | $1,457 | N/A |
| Pioneer Natural Resources Co | ($959) | $635 | N/A |
| Broadcom Ltd | ($1,107) | $1,773 | N/A |
| Newfield Exploration Co /DE/ | ($1,208) | $301 | N/A |
| Marathon Oil Corp | ($1,235) | $1,065 | N/A |
| Entergy Corp /DE/ | ($1,382) | $334 | N/A |
| Eog Resources Inc | ($1,558) | $315 | N/A |
| Apache Corp | ($1,682) | $2,519 | N/A |
| Noble Energy Inc | ($1,772) | $474 | N/A |
| Occidental Petroleum Corp /DE/ | ($1,845) | $0 | N/A |
| Schlumberger Limited/NV | ($1,905) | $186 | N/A |
| PERRIGO Co plc | ($2,024) | $292 | N/A |
| BAKER HUGHES a GE Co LLC | ($2,040) | $1,111 | N/A |
| Chevron Corp | ($2,160) | $6,030 | N/A |
| Concho Resources Inc | ($2,339) | $478 | N/A |
| National Oilwell Varco Inc | ($2,623) | $153 | N/A |
| Allergan plc | ($2,832) | $702 | N/A |
| Freeport-Mcmoran Inc | ($3,472) | $2,898 | N/A |
| Anadarko Petroleum Corp | ($3,829) | $648 | N/A |
| Hess Corp | ($3,854) | $5,767 | N/A |
| Devon Energy Corp/DE | ($3,877) | $777 | N/A |
| Chesapeake Energy Corp | ($4,589) | $2,587 | N/A |
| Conocophillips | ($5,530) | $0 | N/A |
| Halliburton Co | ($7,625) | $1,647 | N/A |
| Firstenergy Corp | ($9,232) | $7,062 | N/A |