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Release Date: June 9, 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 |
2015 Q1 |
2015 Q2 |
2015 Q3 |
2015 Q4 |
2016 Q1 |
Line |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; corporate profits before tax excluding IVA and CCAdj | 1039.2 | 1009.0 | 1241.4 | 1323.2 | 1366.1 | 1448.5 | 1436.8 | 1532.4 | 1485.4 | 1339.4 | 1408.2 | 1 |
| Nonfinancial corporate business; taxes on corporate income | 220.6 | 228.8 | 266.7 | 284.6 | 316.2 | 346.6 | 341.4 | 362.3 | 353.4 | 329.3 | 330.8 | 2 |
| Nonfinancial corporate business; net dividends paid | 375.5 | 441.0 | 517.9 | 525.2 | 573.8 | 585.8 | 588.6 | 579.7 | 589.4 | 585.7 | 573.3 | 3 |
| Nonfinancial corporate business; capital consumption allowance | 1077.3 | 1236.1 | 1107.0 | 1141.7 | 1192.2 | 1055.1 | 1032.2 | 1044.4 | 1066.2 | 1077.5 | 1079.5 | 4 |
| Nonfinancial corporate business; U.S. internal funds, book | 1520.4 | 1575.2 | 1563.8 | 1655.0 | 1668.2 | 1571.2 | 1538.9 | 1634.9 | 1608.8 | 1501.9 | 1583.7 | 5 |
| Nonfinancial corporate business; foreign earnings retained abroad | 218.2 | 215.1 | 189.8 | 222.1 | 236.1 | 229.3 | 259.7 | 238.9 | 209.5 | 209.0 | 174.4 | 6 |
| Nonfinancial corporate business; inventory valuation adjustment (IVA) | -41.0 | -68.3 | -14.2 | 3.2 | -2.9 | 61.5 | 99.2 | 20.5 | 56.5 | 69.7 | 48.9 | 7 |
| Nonfinancial corporate business; net capital transfers paid | 20.9 | -6.4 | -17.0 | -5.7 | -6.7 | -3.2 | -3.0 | -4.3 | -3.7 | -1.9 | -1.7 | 8 |
| Nonfinancial corporate business; gross saving including foreign earnings retained abroad less net capital transfers paid | 1676.7 | 1728.5 | 1756.4 | 1886.1 | 1908.1 | 1865.2 | 1900.9 | 1898.7 | 1878.5 | 1782.6 | 1808.7 | 9 |
| Nonfinancial corporate business; gross investment | 1380.6 | 934.3 | 1022.1 | 1602.4 | 1168.2 | 1844.2 | 2007.7 | 2091.5 | 1799.3 | 1478.5 | 1529.3 | 10 |
| Nonfinancial corporate business; total capital expenditures | 1235.4 | 1331.9 | 1501.2 | 1539.2 | 1666.9 | 1783.7 | 1739.4 | 1877.1 | 1770.9 | 1747.5 | 1715.8 | 11 |
| Nonfinancial corporate business; gross fixed investment | 1178.6 | 1297.4 | 1434.7 | 1483.0 | 1602.6 | 1663.4 | 1635.5 | 1649.2 | 1693.9 | 1675.2 | 1651.2 | 12 |
| Nonfinancial corporate business; inventories including IVA | 57.9 | 34.9 | 65.8 | 55.2 | 63.2 | 90.8 | 104.8 | 107.8 | 77.7 | 73.1 | 65.7 | 13 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | -1.1 | -0.5 | 0.8 | 1.0 | 1.2 | 29.4 | -0.8 | 120.1 | -0.7 | -0.8 | -1.1 | 14 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) | 145.2 | -397.5 | -479.1 | 63.2 | -498.7 | 60.5 | 268.3 | 214.3 | 28.4 | -269.0 | -186.4 | 15 |
| Nonfinancial corporate business; total financial assets | 632.7 | 496.8 | 506.3 | 989.5 | 794.2 | 895.9 | 1137.0 | 891.9 | 726.5 | 828.1 | 714.7 | 16 |
| Nonfinancial corporate business; private foreign deposits; asset | 9.1 | -5.8 | 0.6 | 42.1 | -8.9 | -19.6 | -69.5 | 20.8 | -32.8 | 2.9 | -3.1 | 17 |
| Nonfinancial corporate business; checkable deposits and currency; asset | 79.6 | 30.8 | -45.5 | 63.5 | 39.0 | -16.1 | -148.9 | 209.6 | -16.4 | -108.9 | 125.5 | 18 |
| Nonfinancial corporate business; total time and savings deposits; asset | 59.9 | 13.2 | 33.3 | 35.8 | -21.5 | -29.6 | 51.5 | -130.5 | 15.8 | -55.1 | -109.3 | 19 |
| Nonfinancial corporate business; money market mutual fund shares; asset | -157.7 | -35.4 | 57.1 | 39.7 | -0.9 | 18.6 | -51.9 | 3.8 | 50.2 | 72.2 | -13.8 | 20 |
| Nonfinancial corporate business; security repurchase agreements; asset | 4.3 | 0.4 | -2.9 | -1.0 | 12.9 | 4.0 | 2.4 | 6.5 | 5.7 | 1.6 | -3.2 | 21 |
| Nonfinancial corporate business; debt securities; asset | 15.6 | -8.5 | -12.5 | -13.2 | 9.3 | -7.9 | -21.0 | -19.6 | -19.1 | 27.9 | -24.4 | 22 |
| Nonfinancial corporate business; commercial paper; asset | 12.0 | -0.1 | -8.4 | -6.6 | 3.5 | -2.0 | 6.5 | 1.9 | -9.5 | -6.9 | 3.6 | 23 |
| Nonfinancial corporate business; Treasury securities; asset | 5.1 | -5.1 | -3.5 | -0.6 | 2.5 | -5.9 | -29.7 | -10.9 | -3.9 | 21.1 | -12.4 | 24 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | 1.7 | -1.7 | -1.2 | -4.2 | 4.8 | -2.0 | -9.9 | -3.6 | -1.3 | 7.0 | -4.1 | 25 |
| Nonfinancial corporate business; municipal securities; asset | -3.2 | -1.6 | 0.6 | -1.7 | -1.5 | 1.9 | 12.2 | -6.9 | -4.4 | 6.7 | -11.4 | 26 |
| Nonfinancial corporate business; loans; asset | -4.1 | 1.7 | -0.9 | -3.1 | 5.8 | 4.1 | 19.7 | 0.6 | -8.9 | 4.8 | 14.4 | 27 |
| Nonfinancial corporate business; total mortgages; asset | -1.6 | -0.6 | -1.9 | 1.6 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 4.9 | 28 |
| Nonfinancial corporate business; consumer credit; asset | -2.5 | 2.3 | 1.0 | -4.6 | 0.9 | -0.8 | 14.9 | -4.2 | -13.8 | -0.0 | 9.5 | 29 |
| Nonfinancial corporate business; mutual fund shares; asset | 11.1 | -12.8 | -1.7 | 1.2 | 15.1 | 7.4 | 7.4 | 7.4 | 7.4 | 7.4 | 6.2 | 30 |
| Nonfinancial corporate business; trade receivables; asset | 96.9 | 83.4 | 52.6 | 261.6 | 70.8 | -12.4 | -3.0 | -13.8 | -0.6 | -32.4 | -31.1 | 31 |
| Nonfinancial corporate business; U.S. direct investment abroad; asset | 303.3 | 403.9 | 319.2 | 305.0 | 311.0 | 300.1 | 299.4 | 285.7 | 237.6 | 377.5 | 286.9 | 32 |
| Nonfinancial corporate business; total miscellaneous assets | 214.8 | 25.8 | 107.1 | 257.8 | 361.6 | 647.4 | 1050.7 | 521.3 | 487.7 | 530.1 | 466.5 | 33 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | 11.7 | 12.3 | 8.0 | -6.0 | 10.2 | 2.0 | -6.4 | 8.2 | 11.7 | -5.6 | 9.5 | 34 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | 0.1 | -0.0 | 0.0 | 0.0 | 0.1 | 0.1 | 0.3 | -0.1 | 0.0 | 0.1 | 0.4 | 35 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | 26.7 | 8.4 | 2.6 | 14.7 | 14.1 | -4.1 | -7.6 | -16.1 | -1.6 | 8.8 | -23.0 | 36 |
| Nonfinancial corporate business; unidentified miscellaneous assets | 176.3 | 5.2 | 96.5 | 249.0 | 337.2 | 649.5 | 1064.5 | 529.3 | 477.5 | 526.8 | 479.6 | 37 |
| Nonfinancial corporate business; total liabilities | 487.6 | 894.3 | 985.4 | 926.3 | 1292.9 | 835.4 | 868.6 | 677.6 | 698.2 | 1097.2 | 901.1 | 38 |
| Nonfinancial corporate business; debt securities; liability | 237.2 | 204.1 | 354.1 | 301.6 | 309.3 | 412.5 | 422.3 | 599.8 | 403.0 | 224.7 | 590.2 | 39 |
| Nonfinancial corporate business; commercial paper; liability | 24.5 | 33.4 | 14.0 | 14.2 | 37.5 | -5.4 | -61.2 | -53.2 | 70.3 | 22.5 | 33.9 | 40 |
| Nonfinancial corporate business; municipal securities; liability | 33.2 | 8.5 | 15.2 | 9.3 | -0.1 | 15.9 | 31.2 | 36.6 | 8.7 | -12.9 | 27.4 | 41 |
| Nonfinancial corporate business; corporate bonds; liability | 179.5 | 162.2 | 324.9 | 278.1 | 271.9 | 402.0 | 452.4 | 616.5 | 324.0 | 215.1 | 528.9 | 42 |
| Nonfinancial corporate business; loans; liability | -288.4 | 131.9 | -47.5 | 104.1 | 175.9 | 85.0 | 273.4 | 78.5 | -21.0 | 8.9 | 133.0 | 43 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | -87.0 | 152.1 | 101.5 | 63.7 | 92.8 | 77.2 | 126.7 | 71.7 | 74.8 | 35.5 | 160.7 | 44 |
| Nonfinancial corporate business; other loans and advances; liability | -90.4 | 60.2 | -33.5 | 41.7 | 63.0 | -31.2 | 89.0 | -33.6 | -97.9 | -82.3 | -61.0 | 45 |
| Nonfinancial corporate business; total mortgages; liability | -110.9 | -80.4 | -115.4 | -1.2 | 20.2 | 39.0 | 57.7 | 40.3 | 2.1 | 55.7 | 33.3 | 46 |
| Nonfinancial corporate business; corporate equities; liability | -250.7 | -454.6 | -344.9 | -352.9 | -392.2 | -562.7 | -591.4 | -490.4 | -626.2 | -542.6 | -703.1 | 47 |
| Nonfinancial corporate business; trade payables; liability | 156.3 | 25.2 | 65.4 | 101.3 | 108.7 | -25.9 | 26.7 | 32.7 | -83.0 | -79.9 | -83.0 | 48 |
| Nonfinancial corporate business; taxes payable; liability | 7.2 | 8.8 | 2.3 | -9.1 | -1.4 | -1.9 | 24.3 | 18.2 | -13.6 | -36.3 | -36.5 | 49 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability | 157.0 | 192.7 | 188.3 | 184.9 | 97.1 | 347.2 | 766.2 | 312.5 | 165.0 | 145.1 | 176.2 | 50 |
| Nonfinancial corporate business; total miscellaneous liabilities | 468.9 | 786.2 | 767.7 | 596.3 | 995.5 | 581.2 | -53.0 | 126.4 | 874.0 | 1377.2 | 824.3 | 51 |
| Private pension funds; pension fund contributions receivable; asset | 15.4 | 3.0 | -12.3 | -2.5 | -1.1 | 2.8 | 6.7 | 1.1 | -0.1 | 3.3 | -6.0 | 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 | -21.4 | 51.3 | 56.5 | 86.7 | 82.6 | 53 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | 485.6 | 802.7 | 791.6 | 487.9 | 942.3 | 535.1 | -38.3 | 74.0 | 817.6 | 1287.2 | 747.6 | 54 |
| Nonfinancial corporate business; sector discrepancy | 296.1 | 794.2 | 734.3 | 283.8 | 739.8 | 20.9 | -106.9 | -192.8 | 79.2 | 304.1 | 279.4 | 55 |
| Nonfinancial corporate business; capital expenditures less the sum of U.S. internal funds and IVA (financing gap) | -244.0 | -175.1 | -48.4 | -119.1 | 1.6 | 151.1 | 101.3 | 221.7 | 105.6 | 175.8 | 83.2 | 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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