KEY TO ROSTER--The corporate name of each company is followed by its founding or incorporation date in parentheses. Sales figures have been confined as closely as possible to operating revenues. They include equity in earnings of joint venture corporations as reported, but exclude nonoperating revenue such as dividends and gains from the sale of real estate. Income figures are given before extraordinary items. Related income-per-share figures are fully diluted when available and are based on average shares outstanding during the year, or the number of shares outstanding at year-end, depending on the company's accounting method. Sales and income figures are given for the year-end 1986 or fiscal year ended on or before February 28, 1987 followed in parentheses by sales and income figures, respectively, for the prior reporting period. Where preliminary figures have been made available, they have been so noted. Dividend figures (when paid) are reported for common stock shares. Asset figures are given as of the final day of the year covered by sales and income figures. The term "1986 Rank" indicates the rank of the company in the 1986 Los Angeles Times Roster. The 1986 Roster was published June 8, 1986 and used figures for years ended most recently prior to March 31, 1986. The abbreviation NYSE, ASE, PSE and OTC indicate listing/trading on the New York, American and Pacific stock exchanges or trading on the over-the-counter market. The various categories of companies have been ranked on the following basis: industrial firms by sales/revenues; merchandising firms by sales; transportation firms and utilities by revenues; and financial institutions and insurance firms by assets.
The top 10 California-headquartered, publicly held companies ranked by revenues for year-end 1986 or fiscal year ended on or before February 28, 1987
1 Consolidated Freightways Inc. (1958) Holding company with subsidiaries engaged in long-haul and regional motor carrier freight service in the United States and Canada, domestic and international air freight service, international customs brokerage, ocean freight forwarding and container handling. Revenues: $2.12 billion year-end 1986 ($1.88 billion in 1985). Income: $89.1 million or $2.31 a share ($79.3 million or $2.06). Dividends: 79.8 cents a share (71.6 cents, restated). Per share figures reflect three-for-two stock split in June 1986. Assets: $1.28 billion. Employees: total 24,600; California 2,500. Headquarters: 3240 Hillview Ave., Palo Alto 94304. Chairman and chief executive: Raymond F. O'Brien. President: Lary R. Scott. 1986 rank: 1. NYSE, PSE 2 American President Cos. Ltd. (1983) Leading containerized cargo transportation company in the Pacific. Largest purchaser of rail transportation in North America. Also major real estate developer in Sacramento, CA. Revenues: $1.47 billion ended 12-26-86 ($1.18 billion in 1985). Income: $18.0 million or 71 cents a share ($38.5 million or $1.86). Dividends: 50 cents a share (36 cents and 3% stock). Assets: $1.34 billion. Employees: total 3,970; California 930. Headquarters: 1800 Harrison St., Oakland 94612. Chairman, president and chief executive: W. B. Seaton. 1986 rank: 3. NYSE, PSE
3 Tiger International Inc. (1945) International transportation company engaged in air cargo and trucking through Flying Tigers, a scheduled all-cargo airline, and Warren Transport Inc., a specialized truckload hauler of heavy machinery and other commodities. Revenues: $1.11 billion year-end 1986 ($1.15 billion in 1985). Income: loss of $45.1 million or $1.45 a share (loss of $72.7 million or $2.69). Assets: $883.5 million. Employees: total 6,060; California 2,340. Headquarters: 7401 World Way West, Los Angeles 90067. Chairman, president and chief executive: Stephen M. Wolf. 1986 rank: 4. NYSE, PSE
4 PS Group Inc. (1973) (Formerly PSA Inc.) A holding company which, through its subsidiaries, is engaged in commercial air transportation, energy sales and production and other related services. Principal subsidiary, Pacific Southwest Airlines, provides airline service to 30 cities in seven western states and Mexico. Revenues: $895.4 million year-end 1986 ($780.0 million in 1985). Income: loss of $13.9 million or $2.25 a share (profit of $26.8 million or $3.88). Dividends: 60 cents a share (60 cents). Assets: $1.11 billion. Employees: total 5,000; California 3,500. Headquarters: 3225 N. Harbor Dr., San Diego 92101. Chairman: J. P. Guerin. President and chief executive: Paul C. Barkley. 1986 rank: 5 (PSA Inc.). NYSE, PSE