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Release Date: March 10, 2016
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F.103 Nonfinancial Corporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates
Description |
2010 |
2011 |
2012 |
2013 |
2014 |
2015 |
2014 Q4 |
2015 Q1 |
2015 Q2 |
2015 Q3 |
2015 Q4 |
Line |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; corporate profits before tax excluding IVA and CCAdj | 1039.2 | 1009.0 | 1241.4 | 1323.2 | 1366.1 | 1469.9 | 1365.2 | 1436.8 | 1532.4 | 1485.4 | 1424.9 | 1 |
| Nonfinancial corporate business; taxes on corporate income | 220.6 | 228.8 | 266.7 | 284.6 | 316.2 | 354.3 | 324.2 | 341.4 | 362.3 | 353.4 | 360.0 | 2 |
| Nonfinancial corporate business; net dividends paid | 375.5 | 441.0 | 517.9 | 525.2 | 573.8 | 583.7 | 577.9 | 588.6 | 579.7 | 589.4 | 577.1 | 3 |
| Nonfinancial corporate business; capital consumption allowance | 1077.3 | 1236.1 | 1107.0 | 1141.7 | 1192.2 | 1055.4 | 1211.7 | 1031.4 | 1052.6 | 1059.6 | 1077.7 | 4 |
| Nonfinancial corporate business; U.S. internal funds, book | 1520.4 | 1575.2 | 1563.8 | 1655.1 | 1668.3 | 1587.3 | 1674.7 | 1538.2 | 1643.1 | 1602.2 | 1565.5 | 5 |
| Nonfinancial corporate business; foreign earnings retained abroad | 218.2 | 215.1 | 189.8 | 222.1 | 236.1 | 220.8 | 239.4 | 259.7 | 238.9 | 209.5 | 175.0 | 6 |
| Nonfinancial corporate business; inventory valuation adjustment (IVA) | -41.0 | -68.3 | -14.2 | 3.2 | -2.9 | 54.3 | 53.5 | 99.2 | 20.5 | 56.5 | 41.0 | 7 |
| Nonfinancial corporate business; net capital transfers paid | 20.9 | -6.4 | -17.0 | -5.7 | -6.7 | -3.2 | -8.1 | -3.0 | -4.3 | -3.7 | -1.9 | 8 |
| Nonfinancial corporate business; gross saving including foreign earnings retained abroad less net capital transfers paid | 1676.7 | 1728.5 | 1756.4 | 1886.1 | 1908.2 | 1865.6 | 1975.8 | 1900.1 | 1906.9 | 1871.9 | 1783.5 | 9 |
| Nonfinancial corporate business; gross investment | 1380.6 | 934.3 | 1022.1 | 1602.6 | 1678.0 | 1902.9 | 1660.0 | 1661.3 | 2091.9 | 1980.3 | 1878.3 | 10 |
| Nonfinancial corporate business; total capital expenditures | 1235.4 | 1331.9 | 1501.2 | 1539.4 | 1667.3 | 1785.7 | 1706.3 | 1738.7 | 1906.1 | 1746.3 | 1751.7 | 11 |
| Nonfinancial corporate business; gross fixed investment | 1178.6 | 1297.4 | 1434.7 | 1483.2 | 1602.9 | 1664.8 | 1633.1 | 1634.7 | 1678.2 | 1669.3 | 1676.8 | 12 |
| Nonfinancial corporate business; inventories including IVA | 57.9 | 34.9 | 65.8 | 55.2 | 63.2 | 91.5 | 73.4 | 104.8 | 107.8 | 77.7 | 75.7 | 13 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | -1.1 | -0.5 | 0.8 | 1.0 | 1.2 | 29.4 | -0.2 | -0.8 | 120.1 | -0.7 | -0.8 | 14 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) | 145.2 | -397.5 | -479.1 | 63.2 | 10.7 | 117.2 | -46.3 | -77.3 | 185.8 | 234.0 | 126.6 | 15 |
| Nonfinancial corporate business; total financial assets | 632.7 | 496.8 | 506.3 | 989.5 | 809.8 | 936.5 | 907.0 | 890.2 | 1084.6 | 999.4 | 771.9 | 16 |
| Nonfinancial corporate business; private foreign deposits; asset | 9.1 | -5.8 | 0.6 | 42.1 | -14.7 | -25.1 | -27.6 | -65.2 | 19.8 | -73.6 | 18.5 | 17 |
| Nonfinancial corporate business; checkable deposits and currency; asset | 79.6 | 30.8 | -45.5 | 63.5 | 36.7 | 61.7 | 18.2 | 64.6 | 136.0 | 54.4 | -8.3 | 18 |
| Nonfinancial corporate business; total time and savings deposits; asset | 59.9 | 13.2 | 33.3 | 35.8 | -15.7 | -42.2 | 10.6 | -125.2 | -47.9 | -28.2 | 32.3 | 19 |
| Nonfinancial corporate business; money market mutual fund shares; asset | -157.7 | -35.4 | 57.1 | 39.7 | 21.0 | 6.2 | 164.2 | -66.8 | -8.7 | 38.8 | 61.5 | 20 |
| Nonfinancial corporate business; security repurchase agreements; asset | 4.3 | 0.4 | -2.9 | -1.0 | 12.5 | -0.9 | 2.0 | -4.2 | 6.4 | -18.3 | 12.3 | 21 |
| Nonfinancial corporate business; debt securities; asset | 15.6 | -8.5 | -12.5 | -13.2 | -8.6 | -13.5 | 0.7 | -37.8 | -15.6 | -11.2 | 10.5 | 22 |
| Nonfinancial corporate business; commercial paper; asset | 12.0 | -0.1 | -8.4 | -6.6 | 0.7 | -6.2 | 2.4 | -8.8 | 2.3 | -9.2 | -9.0 | 23 |
| Nonfinancial corporate business; Treasury securities; asset | 5.1 | -5.1 | -3.5 | -0.6 | -3.6 | -6.1 | -1.5 | -27.2 | -10.5 | 0.6 | 12.6 | 24 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | 1.7 | -1.7 | -1.2 | -4.2 | 2.8 | -2.0 | -0.5 | -9.1 | -3.5 | 0.2 | 4.2 | 25 |
| Nonfinancial corporate business; municipal securities; asset | -3.2 | -1.6 | 0.6 | -1.7 | -8.4 | 0.8 | 0.3 | 7.2 | -3.9 | -2.8 | 2.7 | 26 |
| Nonfinancial corporate business; loans; asset | -4.1 | 1.4 | -0.4 | -2.6 | 0.3 | 0.8 | -13.1 | 1.5 | 20.1 | -7.8 | -10.5 | 27 |
| Nonfinancial corporate business; total mortgages; asset | -1.6 | -0.6 | -1.9 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 1.6 | 28 |
| Nonfinancial corporate business; consumer credit; asset | -2.5 | 2.0 | 1.5 | -4.2 | -1.3 | -0.7 | -14.7 | -0.1 | 18.5 | -9.4 | -12.1 | 29 |
| Nonfinancial corporate business; mutual fund shares; asset | 11.1 | -12.8 | -1.7 | 1.2 | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 | 15.5 | 30 |
| Nonfinancial corporate business; trade receivables; asset | 96.9 | 83.7 | 52.0 | 261.2 | 109.9 | -17.1 | 95.5 | -35.2 | -6.8 | -12.6 | -14.0 | 31 |
| Nonfinancial corporate business; U.S. direct investment abroad; asset | 303.3 | 403.9 | 319.2 | 305.0 | 311.0 | 258.8 | 441.1 | 294.1 | 279.8 | 232.5 | 229.0 | 32 |
| Nonfinancial corporate business; total miscellaneous assets | 214.8 | 25.8 | 107.1 | 257.8 | 342.0 | 692.5 | 199.9 | 848.8 | 686.0 | 809.9 | 425.2 | 33 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | 11.7 | 12.3 | 8.0 | -6.0 | 10.2 | 2.2 | 1.6 | -6.4 | 8.2 | 11.7 | -4.8 | 34 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | 0.1 | -0.0 | 0.0 | 0.0 | 0.1 | -0.0 | 0.1 | 0.3 | -0.1 | 0.0 | -0.3 | 35 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | 26.7 | 8.4 | 2.6 | 14.7 | 14.1 | -4.0 | 0.7 | -7.3 | -15.7 | -1.5 | 8.6 | 36 |
| Nonfinancial corporate business; unidentified miscellaneous assets | 176.3 | 5.2 | 96.5 | 249.0 | 317.6 | 694.3 | 197.5 | 862.3 | 693.6 | 799.6 | 421.7 | 37 |
| Nonfinancial corporate business; total liabilities | 487.6 | 894.3 | 985.4 | 926.3 | 799.0 | 819.3 | 953.3 | 967.5 | 898.8 | 765.4 | 645.3 | 38 |
| Nonfinancial corporate business; debt securities; liability | 237.2 | 203.6 | 352.7 | 302.8 | 304.0 | 410.6 | 343.0 | 417.3 | 597.2 | 398.4 | 229.3 | 39 |
| Nonfinancial corporate business; commercial paper; liability | 24.5 | 33.4 | 14.0 | 14.2 | 37.5 | -5.4 | -3.7 | -61.2 | -53.2 | 70.3 | 22.5 | 40 |
| Nonfinancial corporate business; municipal securities; liability | 33.2 | 8.5 | 15.2 | 9.3 | -0.1 | 15.9 | 9.7 | 31.2 | 36.6 | 8.7 | -12.9 | 41 |
| Nonfinancial corporate business; corporate bonds; liability | 179.5 | 161.6 | 323.5 | 279.2 | 266.6 | 400.1 | 337.1 | 447.4 | 613.8 | 319.4 | 219.7 | 42 |
| Nonfinancial corporate business; loans; liability | -288.4 | 131.9 | -47.5 | 121.1 | 191.2 | 65.0 | 139.9 | 232.3 | 75.5 | -33.1 | -14.9 | 43 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | -87.0 | 152.1 | 101.5 | 63.7 | 92.8 | 77.6 | 61.7 | 126.7 | 71.7 | 74.8 | 37.2 | 44 |
| Nonfinancial corporate business; other loans and advances; liability | -90.4 | 60.2 | -33.5 | 53.1 | 82.5 | -43.1 | 83.3 | 68.9 | -40.7 | -111.9 | -88.8 | 45 |
| Nonfinancial corporate business; total mortgages; liability | -110.9 | -80.4 | -115.4 | 4.4 | 15.9 | 30.5 | -5.0 | 36.7 | 44.4 | 4.0 | 36.7 | 46 |
| Nonfinancial corporate business; corporate equities; liability | -250.7 | -454.6 | -344.9 | -352.9 | -392.2 | -564.3 | -359.6 | -591.4 | -490.4 | -626.2 | -549.2 | 47 |
| Nonfinancial corporate business; trade payables; liability | 156.3 | 25.2 | 65.4 | 101.3 | 66.2 | -36.5 | 58.5 | -3.3 | 25.5 | -109.8 | -58.4 | 48 |
| Nonfinancial corporate business; taxes payable; liability | 7.2 | 8.8 | 2.3 | -9.1 | -0.3 | 7.2 | -12.4 | 18.5 | 17.9 | -15.2 | 7.4 | 49 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability | 157.0 | 192.7 | 188.3 | 184.9 | 97.1 | 336.6 | 200.8 | 763.4 | 310.3 | 121.9 | 150.8 | 50 |
| Nonfinancial corporate business; total miscellaneous liabilities | 468.9 | 786.8 | 769.1 | 578.2 | 533.0 | 600.8 | 583.0 | 130.6 | 362.8 | 1029.4 | 880.2 | 51 |
| Private pension funds; pension fund contributions receivable; asset | 15.4 | 3.0 | -12.3 | -2.5 | -1.1 | 2.8 | -2.0 | 6.7 | 1.1 | -0.1 | 3.4 | 52 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | -32.1 | -19.5 | -11.6 | 110.9 | 54.2 | 43.3 | 108.9 | -21.4 | 51.3 | 56.5 | 86.7 | 53 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | 485.6 | 803.3 | 793.0 | 469.8 | 479.9 | 554.7 | 476.1 | 145.3 | 310.4 | 973.0 | 790.1 | 54 |
| Nonfinancial corporate business; sector discrepancy | 296.1 | 794.2 | 734.3 | 283.5 | 230.1 | -37.3 | 315.8 | 238.8 | -185.0 | -108.4 | -94.8 | 55 |
| Nonfinancial corporate business; capital expenditures less the sum of U.S. internal funds and IVA (financing gap) | -244.0 | -175.1 | -48.4 | -118.9 | 1.9 | 144.1 | -22.0 | 101.3 | 242.4 | 87.6 | 145.1 | 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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