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Release Date: December 10, 2015
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F.103 Nonfinancial Corporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description |
2009 |
2010 |
2011 |
2012 |
2013 |
2014 |
2014 Q3 |
2014 Q4 |
2015 Q1 |
2015 Q2 |
2015 Q3 |
Line |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; corporate profits before tax excluding IVA and CCAdj | 752.5 | 1039.2 | 1009.0 | 1241.4 | 1323.2 | 1366.1 | 1405.1 | 1365.2 | 1436.8 | 1532.4 | 1513.7 | 1 |
| Nonfinancial corporate business; taxes on corporate income | 177.8 | 220.6 | 228.8 | 266.7 | 284.6 | 316.2 | 321.8 | 324.2 | 341.4 | 362.3 | 360.6 | 2 |
| Nonfinancial corporate business; net dividends paid | 351.4 | 375.5 | 441.0 | 517.9 | 525.2 | 573.8 | 542.7 | 577.9 | 588.6 | 579.7 | 580.4 | 3 |
| Nonfinancial corporate business; capital consumption allowance | 1049.3 | 1077.3 | 1236.1 | 1107.0 | 1141.7 | 1192.2 | 1197.4 | 1211.7 | 1031.4 | 1052.6 | 1059.7 | 4 |
| Nonfinancial corporate business; U.S. internal funds, book | 1272.6 | 1520.4 | 1575.2 | 1563.8 | 1655.1 | 1668.3 | 1738.0 | 1674.7 | 1538.2 | 1643.1 | 1632.3 | 5 |
| Nonfinancial corporate business; foreign earnings retained abroad | 192.7 | 218.2 | 215.1 | 189.8 | 222.1 | 236.1 | 233.7 | 239.4 | 259.7 | 239.2 | 193.7 | 6 |
| Nonfinancial corporate business; inventory valuation adjustment (IVA) | 6.7 | -41.0 | -68.3 | -14.2 | 3.2 | -2.9 | 15.5 | 53.5 | 99.2 | 20.5 | 55.8 | 7 |
| Nonfinancial corporate business; net capital transfers paid | 38.3 | 20.9 | -6.4 | -17.0 | -5.7 | -6.7 | -4.3 | -8.1 | -3.0 | -4.3 | -3.7 | 8 |
| Nonfinancial corporate business; gross saving including foreign earnings retained abroad less net capital transfers paid | 1433.7 | 1676.7 | 1728.5 | 1756.4 | 1886.1 | 1908.2 | 1991.6 | 1975.8 | 1900.1 | 1907.2 | 1885.5 | 9 |
| Nonfinancial corporate business; gross investment | 1569.2 | 1380.6 | 934.3 | 1022.2 | 1603.4 | 1641.3 | 1689.5 | 1646.4 | 1623.6 | 1939.4 | 1639.8 | 10 |
| Nonfinancial corporate business; total capital expenditures | 1020.8 | 1235.4 | 1331.9 | 1501.2 | 1539.4 | 1667.3 | 1704.5 | 1706.3 | 1738.7 | 1906.1 | 1750.2 | 11 |
| Nonfinancial corporate business; gross fixed investment | 1145.3 | 1178.6 | 1297.4 | 1434.7 | 1483.2 | 1602.9 | 1628.0 | 1633.1 | 1634.7 | 1678.2 | 1667.8 | 12 |
| Nonfinancial corporate business; inventories including IVA | -130.8 | 57.9 | 34.9 | 65.8 | 55.2 | 63.2 | 71.6 | 73.4 | 104.8 | 107.8 | 83.1 | 13 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | 6.3 | -1.1 | -0.5 | 0.8 | 1.0 | 1.2 | 4.9 | -0.2 | -0.8 | 120.1 | -0.7 | 14 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) | 548.5 | 145.2 | -397.5 | -479.0 | 63.9 | -26.0 | -15.0 | -59.9 | -115.0 | 33.3 | -110.4 | 15 |
| Nonfinancial corporate business; total financial assets | 299.8 | 632.7 | 496.8 | 506.3 | 1068.6 | 797.5 | 831.8 | 881.4 | 994.6 | 1227.5 | 933.8 | 16 |
| Nonfinancial corporate business; private foreign deposits; asset | 6.8 | 9.1 | -5.8 | 0.6 | 42.7 | -6.7 | 9.0 | -34.2 | -52.6 | 8.3 | -30.3 | 17 |
| Nonfinancial corporate business; checkable deposits and currency; asset | 70.8 | 79.6 | 30.8 | -45.5 | 73.4 | 28.3 | 49.1 | 38.1 | 131.2 | 194.4 | 20.2 | 18 |
| Nonfinancial corporate business; total time and savings deposits; asset | 176.9 | 59.9 | 13.2 | 33.3 | 38.0 | -6.0 | -125.8 | 7.4 | -210.9 | -31.4 | -74.3 | 19 |
| Nonfinancial corporate business; money market mutual fund shares; asset | -71.4 | -157.7 | -35.4 | 57.1 | 39.7 | 21.0 | 72.0 | 164.2 | -66.8 | -8.7 | 39.5 | 20 |
| Nonfinancial corporate business; security repurchase agreements; asset | 0.7 | 4.3 | 0.4 | -2.9 | -0.9 | 5.1 | -0.2 | 2.0 | -4.2 | 3.6 | -0.9 | 21 |
| Nonfinancial corporate business; debt securities; asset | 16.3 | 15.6 | -8.5 | -12.5 | -7.0 | -10.0 | -11.9 | -6.6 | -34.2 | -13.5 | 11.9 | 22 |
| Nonfinancial corporate business; commercial paper; asset | -1.3 | 12.0 | -0.1 | -8.4 | -6.3 | 1.0 | 2.3 | 2.7 | -8.5 | 2.5 | -16.1 | 23 |
| Nonfinancial corporate business; Treasury securities; asset | 12.5 | 5.1 | -5.1 | -3.5 | 3.3 | -4.7 | -2.3 | -7.2 | -25.8 | -10.8 | 23.3 | 24 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | 4.2 | 1.7 | -1.7 | -1.2 | -2.9 | 2.4 | -0.8 | -2.4 | -8.6 | -3.6 | 7.8 | 25 |
| Nonfinancial corporate business; municipal securities; asset | 0.9 | -3.2 | -1.6 | 0.6 | -1.1 | -8.7 | -11.2 | 0.3 | 8.7 | -1.6 | -3.0 | 26 |
| Nonfinancial corporate business; loans; asset | -7.9 | -4.1 | 1.4 | -0.4 | -2.4 | 0.5 | 1.1 | -12.9 | 1.8 | 20.3 | -7.5 | 27 |
| Nonfinancial corporate business; total mortgages; asset | -4.1 | -1.6 | -0.6 | -1.9 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 1.8 | 28 |
| Nonfinancial corporate business; consumer credit; asset | -3.8 | -2.5 | 2.0 | 1.5 | -4.2 | -1.3 | -0.7 | -14.7 | -0.1 | 18.5 | -9.4 | 29 |
| Nonfinancial corporate business; mutual fund shares; asset | 35.3 | 11.1 | -12.8 | -1.7 | 1.2 | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 | 30 |
| Nonfinancial corporate business; trade receivables; asset | -29.5 | 96.9 | 83.7 | 52.0 | 277.2 | 94.4 | 83.7 | 76.8 | -243.7 | 173.6 | -12.0 | 31 |
| Nonfinancial corporate business; U.S. direct investment abroad; asset | 269.7 | 303.3 | 403.9 | 319.2 | 305.0 | 311.0 | 321.1 | 441.1 | 294.1 | 282.4 | 218.6 | 32 |
| Nonfinancial corporate business; total miscellaneous assets | -167.9 | 214.8 | 25.8 | 107.1 | 301.8 | 344.4 | 418.3 | 189.9 | 1164.4 | 583.0 | 753.1 | 33 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | -4.0 | 11.7 | 12.3 | 8.0 | -6.0 | 10.2 | 15.2 | 1.6 | -6.4 | 8.2 | 11.9 | 34 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | 0.0 | 0.1 | -0.0 | 0.0 | 0.0 | 0.1 | -0.0 | 0.1 | 0.3 | -0.1 | 0.0 | 35 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | -9.3 | 26.7 | 8.4 | 2.6 | 14.7 | 14.1 | -6.5 | 0.7 | -7.3 | -15.3 | -0.8 | 36 |
| Nonfinancial corporate business; unidentified miscellaneous assets | -154.7 | 176.3 | 5.2 | 96.5 | 293.0 | 320.0 | 409.7 | 187.5 | 1177.9 | 590.2 | 741.9 | 37 |
| Nonfinancial corporate business; total liabilities | -248.7 | 487.6 | 894.3 | 985.3 | 1004.7 | 823.5 | 846.9 | 941.3 | 1109.6 | 1194.2 | 1044.2 | 38 |
| Nonfinancial corporate business; debt securities; liability | 179.6 | 237.3 | 203.6 | 352.9 | 302.7 | 303.1 | 226.8 | 343.3 | 407.7 | 612.3 | 402.6 | 39 |
| Nonfinancial corporate business; commercial paper; liability | -73.1 | 24.5 | 33.4 | 14.0 | 14.2 | 37.9 | 22.2 | -3.2 | -70.6 | -50.0 | 68.4 | 40 |
| Nonfinancial corporate business; municipal securities; liability | 37.2 | 33.2 | 8.5 | 15.2 | 9.3 | -0.1 | 2.6 | 9.7 | 31.2 | 36.6 | 8.7 | 41 |
| Nonfinancial corporate business; corporate bonds; liability | 215.5 | 179.5 | 161.6 | 323.7 | 279.2 | 265.2 | 202.0 | 336.9 | 447.1 | 625.8 | 325.5 | 42 |
| Nonfinancial corporate business; loans; liability | -537.8 | -308.0 | 151.0 | -40.4 | 143.8 | 190.9 | 287.2 | 142.1 | 200.3 | 72.7 | -59.8 | 43 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | -234.0 | -87.0 | 152.1 | 101.5 | 63.7 | 92.8 | 97.6 | 61.7 | 126.7 | 71.7 | 78.0 | 44 |
| Nonfinancial corporate business; other loans and advances; liability | -160.8 | -90.4 | 60.2 | -33.5 | 53.1 | 82.5 | 172.5 | 83.3 | 30.1 | -42.4 | -152.1 | 45 |
| Nonfinancial corporate business; total mortgages; liability | -143.0 | -130.6 | -61.2 | -108.3 | 27.0 | 15.6 | 17.0 | -2.9 | 43.5 | 43.3 | 14.3 | 46 |
| Nonfinancial corporate business; corporate equities; liability | -51.2 | -250.7 | -454.6 | -344.9 | -352.9 | -387.5 | -434.3 | -341.0 | -593.5 | -488.5 | -668.5 | 47 |
| Nonfinancial corporate business; trade payables; liability | -82.6 | 156.3 | 25.2 | 65.4 | 106.7 | 100.8 | 62.7 | 82.0 | -106.4 | 188.7 | -7.5 | 48 |
| Nonfinancial corporate business; taxes payable; liability | -3.3 | 7.2 | 8.8 | 2.3 | -9.1 | 0.1 | 17.8 | -13.2 | 16.8 | 25.1 | 44.6 | 49 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability | 104.6 | 157.0 | 192.7 | 188.3 | 184.9 | 97.1 | 370.2 | 200.8 | 762.4 | 245.0 | 307.3 | 50 |
| Nonfinancial corporate business; total miscellaneous liabilities | 141.9 | 488.5 | 767.6 | 761.7 | 628.6 | 519.1 | 316.5 | 527.3 | 422.4 | 538.9 | 1025.5 | 51 |
| Private pension funds; pension fund contributions receivable; asset | -8.6 | 15.4 | 3.0 | -12.3 | -2.5 | -1.1 | 1.5 | -2.0 | 6.7 | 1.1 | -3.1 | 52 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | 63.0 | -32.1 | -19.5 | -11.6 | 110.9 | 54.2 | 44.8 | 108.9 | -21.4 | 51.3 | 70.5 | 53 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | 87.6 | 505.2 | 784.1 | 785.7 | 520.1 | 466.0 | 270.2 | 420.4 | 437.0 | 486.5 | 958.1 | 54 |
| Nonfinancial corporate business; sector discrepancy | -135.6 | 296.1 | 794.2 | 734.2 | 282.8 | 266.8 | 302.1 | 329.4 | 276.5 | -32.2 | 245.7 | 55 |
| Nonfinancial corporate business; capital expenditures less the sum of U.S. internal funds and IVA (financing gap) | -258.5 | -244.0 | -175.1 | -48.4 | -118.9 | 1.9 | -49.0 | -22.0 | 101.3 | 242.4 | 62.1 | 56 |
NOTES
- Consumption of fixed capital plus the capital consumption adjustment.
- Table F.5, line 58.
- Nonresidential fixed investment plus residential fixed investment, shown in table F.2, lines 10 and 15 respectively.
- Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.
- Industrial revenue bonds issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.
- Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table F.216.
- Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
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