60 Fortune 500 Companies Avoided All Federal Income Taxes in 2018

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U.S. Income and Federal Tax figures in millions of dollars.

CompanyU.S. IncomeFederal TaxEffective Tax RateIndustry
Activision Blizzard$447$-228-51%Computers, office equip, software, data
AECOM Technology$238$-122-51%Engineering & construction
Alaska Air Group$576$-5-1%Transportation
Amazon.com$10,835$-129-1%Retail & wholesale trade
Ameren$1,035$-10-1%Utilities, gas and electric
American Electric Power$1,943$-32-2%Utilities, gas and electric
Aramark$315$-48-15%Miscellaneous services
Arrow Electronics$167$-12-7%Retail & wholesale trade
Arthur Gallagher$322Financial
Atmos Energy$600$-10-2%Utilities, gas and electric
Avis Budget Group$78$-7-9%Motor vehicles and parts
Celanese$480$-142-30%Chemicals
Chevron$4,547$-181-4%Oil, gas & pipelines
Cliffs Natural Resources$565$-10%Oil, gas & pipelines
CMS Energy$774$-67-9%Utilities, gas and electric
Deere$2,152$-268-12%Industrial machinery
Delta Air Lines$5,073$-187-4%Transportation
Devon Energy$1,297$-14-1%Oil, gas & pipelines
Dominion Resources$3,021$-45-1%Utilities, gas and electric
DTE Energy$1,215$-17-1%Utilities, gas and electric
Duke Energy$3,029$-647-21%Utilities, gas and electric
Eli Lilly$598$-54-9%Pharmaceuticals & medical products
EOG Resources$4,067$-304-7%Oil, gas & pipelines
FirstEnergy$1,495$-16-1%Utilities, gas and electric
Gannett$7$-11-164%Publishing, printing
General Motors$4,320$-104-2%Motor vehicles and parts
Goodyear Tire & Rubber$440$-15-3%Motor vehicles and parts
Halliburton$1,082$-19-2%Oil, gas & pipelines
Honeywell International$2,830$-21-1%Industrial machinery
International Business Machines$500$-342-68%Computers, office equip, software, data
JetBlue Airways$219$-60-27%Transportation
Kinder Morgan$1,784$-22-1%Oil, gas & pipelines
MDU Resources$314$-16-5%Oil, gas & pipelines
MGM Resorts International$648$-12-2%Miscellaneous services
Molson Coors$1,325$-23-2%Food & beverages & tobacco
Netflix$856$-22-3%Retail & wholesale trade
Occidental Petroleum$3,379$-23-1%Oil, gas & pipelines
Owens Corning$405$-10-2%Miscellaneous manufacturing
Penske Automotive Group$393$-16-4%Motor vehicles and parts
Performance Food Group$192$-9-4%Retail & wholesale trade
Pioneer Natural Resources$1,249Oil, gas & pipelines
Pitney Bowes$125$-50-40%Computers, office equip, software, data
PPL$1,110$-19-2%Utilities, gas and electric
Principal Financial$1,641$-49-3%Financial
Prudential Financial$1,440$-346-24%Financial
Public Service Enterprise Group$1,772$-97-5%Utilities, gas and electric
PulteGroup$1,340$-44-3%Miscellaneous manufacturing
Realogy$199$-13-7%Miscellaneous services
Rockwell Collins$719$-16-2%Aerospace & defense
Ryder System$350$-23-7%Transportation
Salesforce.com$800Computers, office equip, software, data
SpartanNash$40$-2-4%Retail & wholesale trade
SPX$66$-5-8%Industrial machinery
Tech Data$203$-10-5%Retail & wholesale trade
TOTAL, THESE COMPANIES$79,025$-4-5%
Trinity Industries$138$-19-14%Miscellaneous manufacturing
UGI$550$-30%Utilities, gas and electric
United States Steel$432$-40-9%Metals & metal products
Whirlpool$717$-70-10%Electronics, electrical equipment
Wisconsin Energy$1,139$-218-19%Utilities, gas and electric
Xcel Energy$1,434$-34-2%Utilities, gas and electric

Source

IBM: $500M in profits
Taxes: $0

Coors: $1.3 BILLION in profits
Taxes: $0

GM: $4.3B in profits
Taxes: $0

Amazon: $11B in profits
Taxes: $0