Financial Accounts of the United States - Z.1
F.103 Nonfinancial Corporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2015 | 2016 | 2016 Q1 | 2016 Q2 | 2016 Q3 | 2016 Q4 | 2017 Q1 | 2017 Q2 | 2017 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; corporate profits before tax excluding IVA and CCAdj | FA106060005 | 1275.7 | 1262.4 | 1277.5 | 1261.2 | 1254.4 | 1256.4 | 1326.8 | 1348.9 | 1354 | 1 |
| Nonfinancial corporate business; taxes on corporate income | FA106231005 | 281.1 | 274.1 | 263.1 | 272.6 | 277.5 | 283.5 | 277.5 | 294.1 | 289.4 | 2 |
| Nonfinancial corporate business; net dividends paid | FA106121075 | 651.8 | 685.2 | 675.6 | 678.8 | 680.6 | 705.9 | 696.2 | 728.7 | 712.2 | 3 |
| Nonfinancial corporate business; capital consumption allowance (1) | FA106300015 | 1284 | 1322.8 | 1304.9 | 1316.6 | 1327.6 | 1342.2 | 1352.9 | 1364.3 | 1379 | 4 |
| Nonfinancial corporate business; U.S. internal funds, book | FA106000135 | 1626.9 | 1625.8 | 1643.7 | 1626.5 | 1623.9 | 1609.3 | 1706 | 1690.4 | 1731.4 | 5 |
| Nonfinancial corporate business; foreign earnings retained abroad | FA106006065 | 204.9 | 200.8 | 186.2 | 193 | 183.8 | 240.2 | 219.8 | 237.7 | 232.8 | 6 |
| Nonfinancial corporate business; inventory valuation adjustment (IVA) | FA105020601 | 52.4 | 2.7 | 57.2 | -36.1 | 7.3 | -17.5 | -75 | -33.6 | -24.9 | 7 |
| Nonfinancial corporate business; net capital transfers paid (2) | FA105440005 | -3.2 | 2.6 | -1.7 | -1.6 | -1.6 | 15.4 | -2.3 | -1.5 | -104 | 8 |
| Nonfinancial corporate business; gross saving including foreign earnings retained abroad less net capital transfers paid | FA106000105 | 1887.4 | 1826.7 | 1888.7 | 1784.9 | 1816.6 | 1816.6 | 1853.1 | 1896 | 2043.3 | 9 |
| Nonfinancial corporate business; gross investment | FA105090005 | 1875.2 | 1823.1 | 1885 | 1802.2 | 1694.2 | 1911.2 | 1803 | 1936.6 | 2054.3 | 10 |
| Nonfinancial corporate business; total capital expenditures | FA105050005 | 1800.3 | 1673.8 | 1665.3 | 1671.3 | 1658.6 | 1700 | 1685.8 | 1718.8 | 1784.9 | 11 |
| Nonfinancial corporate business; gross fixed investment (3) | FA105019005 | 1674.3 | 1635.7 | 1628.2 | 1631.2 | 1644.4 | 1638.9 | 1688.1 | 1715.3 | 1751.4 | 12 |
| Nonfinancial corporate business; inventories including IVA | FA105020005 | 96.4 | 30.6 | 38.1 | 8.5 | 13.8 | 62 | -1.6 | 4 | 34.3 | 13 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FA105420005 | 29.6 | 7.5 | -1 | 31.5 | 0.4 | -0.8 | -0.7 | -0.5 | -0.8 | 14 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) | FA105000005 | 74.9 | 149.3 | 219.7 | 130.9 | 35.6 | 211.2 | 117.1 | 217.8 | 269.4 | 15 |
| Nonfinancial corporate business; total financial assets | FA104090005 | 1488.7 | 1265.6 | 1189.8 | 1497.9 | 1300.4 | 1074.1 | 1047.2 | 1258.6 | 1373.6 | 16 |
| Nonfinancial corporate business; private foreign deposits; asset | FA103091003 | -16.5 | 4.9 | -45.9 | 48.9 | 13.3 | 3.4 | -17.5 | 46.9 | -7.1 | 17 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FA103020005 | 76.1 | 131.2 | 72.5 | 309.4 | 97.4 | 45.3 | 190.7 | 262.1 | 93 | 18 |
| Nonfinancial corporate business; total time and savings deposits; asset | FA103030003 | -14.9 | 47 | -2.1 | 11.6 | 168.1 | 10.5 | 0.4 | 75.9 | 147.7 | 19 |
| Nonfinancial corporate business; money market mutual fund shares; asset | FA103034003 | 18.6 | -89 | -109.1 | -87.3 | -98.5 | -61 | -76 | -84.8 | 5.5 | 20 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | 6.4 | 12.3 | -12.8 | -4.8 | 73.9 | -7.2 | -25.5 | -11.7 | -22.2 | 21 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | -5.7 | 33.2 | 37.3 | -14.6 | 108.2 | 1.9 | -0.9 | 46.7 | 26.8 | 22 |
| Nonfinancial corporate business; commercial paper; asset | FA103069100 | -1 | 5.6 | 2.9 | 17.4 | 14.3 | -12 | -14.7 | 22.1 | -9 | 23 |
| Nonfinancial corporate business; Treasury securities; asset | FA103061103 | -4.3 | 3.7 | 35.3 | -41.8 | 16.3 | 4.9 | -17.2 | 9.7 | 13.6 | 24 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FA103061703 | -1.4 | 1.2 | 11.8 | 6.1 | -14.6 | 1.6 | -5.7 | 3.2 | 4.5 | 25 |
| Nonfinancial corporate business; municipal securities; asset | FA103062003 | 1 | 22.6 | -12.7 | 3.6 | 92.1 | 7.4 | 36.8 | 11.8 | 17.6 | 26 |
| Nonfinancial corporate business; loans; asset | FA104023005 | 24.3 | 6.8 | 25 | -15 | 0 | 17 | 24.8 | -13.5 | 1.1 | 27 |
| Nonfinancial corporate business; total mortgages; asset | FA103065003 | 23.5 | 7.5 | 7.5 | 7.5 | 7.5 | 7.5 | 7.5 | 7.5 | 7.5 | 28 |
| Nonfinancial corporate business; consumer credit; asset | FA103066005 | 0.8 | -0.8 | 17.4 | -22.5 | -7.5 | 9.4 | 17.3 | -21 | -6.4 | 29 |
| Nonfinancial corporate business; mutual fund shares; asset | FA103064203 | 7.4 | -10.3 | -10.3 | -10.3 | -10.3 | -10.3 | -10.3 | -10.3 | -10.3 | 30 |
| Nonfinancial corporate business; trade receivables; asset | FA103070005 | 31.4 | 107.1 | 44.9 | 117.9 | 53 | 212.7 | 121.8 | 95.9 | 154.6 | 31 |
| Nonfinancial corporate business; U.S. direct investment abroad; asset (4) | FA103092005 | 260.4 | 253.8 | 256 | 225.6 | 268.4 | 265.2 | 363.2 | 307.4 | 386.7 | 32 |
| Nonfinancial corporate business; total miscellaneous assets | FA103090005 | 1101.4 | 768.6 | 934.5 | 916.5 | 627 | 596.6 | 476.5 | 544.1 | 597.9 | 33 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FA103076005 | 2.3 | 6.6 | 5.5 | 10.1 | 14.8 | -4.1 | -10.4 | 22.5 | 71.5 | 34 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FA103092405 | 0.1 | 0.1 | 0.4 | 0.1 | -0.2 | 0.1 | 0.5 | -0.3 | 0.6 | 35 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FA103094105 | 2.2 | -13.1 | -36.9 | 4.7 | -28.3 | 8 | -0 | 16.4 | -24.1 | 36 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FA103093005 | 1096.8 | 775.1 | 965.6 | 901.5 | 640.7 | 592.5 | 486.4 | 505.4 | 549.9 | 37 |
| Nonfinancial corporate business; total liabilities | FA104190005 | 1413.8 | 1116.2 | 970.1 | 1367 | 1264.8 | 862.9 | 930.1 | 1040.8 | 1104.2 | 38 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 406.2 | 289.9 | 563.7 | 318.8 | 214.3 | 63 | 430.3 | 267 | 397.5 | 39 |
| Nonfinancial corporate business; commercial paper; liability | FA103169100 | -5.4 | 4.1 | 27.2 | 7.9 | -140.1 | 121.4 | 5.1 | 26.3 | 62.5 | 40 |
| Nonfinancial corporate business; municipal securities; liability (5) | FA103162000 | 13.3 | 16.2 | 12.2 | 25.4 | 16.6 | 10.6 | -1.7 | 16.1 | -12.1 | 41 |
| Nonfinancial corporate business; corporate bonds; liability (4) | FA103163003 | 398.3 | 269.6 | 524.3 | 285.5 | 337.9 | -69.1 | 426.8 | 224.6 | 347 | 42 |
| Nonfinancial corporate business; loans; liability | FA104123005 | 102.1 | 104.6 | 273.5 | -81.7 | 271 | -44.7 | 177.6 | 147.2 | 160.2 | 43 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FA103168005 | 78.1 | 50.1 | 145.5 | 4.5 | 114.9 | -64.5 | 52 | -7.7 | 82.8 | 44 |
| Nonfinancial corporate business; other loans and advances; liability (6) | FA103169005 | -17.5 | 14.4 | 115.3 | -135.3 | 90.1 | -12.6 | 104.7 | 105.3 | 40.7 | 45 |
| Nonfinancial corporate business; total mortgages; liability | FA103165005 | 41.5 | 40.1 | 12.7 | 49.1 | 66 | 32.4 | 20.9 | 49.6 | 36.8 | 46 |
| Nonfinancial corporate business; corporate equities; liability | FA103164103 | -549.6 | -580.9 | -617.9 | -638.6 | -672.2 | -394.8 | -411.8 | -281.8 | -463 | 47 |
| Nonfinancial corporate business; trade payables; liability | FA103170005 | 22.4 | 97.2 | 25.8 | 101 | 130.3 | 131.6 | 80.3 | 93.4 | 123.8 | 48 |
| Nonfinancial corporate business; taxes payable; liability | FA103178000 | -1.3 | 10.9 | -35.3 | -13.4 | 0.3 | 91.9 | 7.9 | 8.9 | -2.2 | 49 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability | FA103192005 | 436.2 | 386.8 | 369.5 | 599.5 | 403.5 | 174.7 | 262.3 | 238.1 | 220.9 | 50 |
| Nonfinancial corporate business; total miscellaneous liabilities | FA103190005 | 997.9 | 807.8 | 390.8 | 1081.5 | 917.6 | 841.2 | 383.6 | 568 | 666.9 | 51 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | 14.7 | 5.6 | 6.3 | 3.3 | 3.1 | 9.5 | 8.5 | 1.8 | 5.6 | 52 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FA573073005 | 93.6 | 50 | 54.4 | 11.5 | 29.3 | 104.6 | 90.1 | 4 | 49.8 | 53 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FA103193005 | 889.6 | 752.2 | 330.1 | 1066.6 | 885.1 | 727 | 284.9 | 562.3 | 611.5 | 54 |
| Nonfinancial corporate business; sector discrepancy | FA107005005 | 12.2 | 3.6 | 3.7 | -17.3 | 122.4 | -94.7 | 50.2 | -40.6 | -11 | 55 |
| Nonfinancial corporate business; capital expenditures less the sum of U.S. internal funds and IVA (financing gap) (7) | FA105005305 | 121.1 | 45.3 | -35.6 | 80.9 | 27.4 | 108.2 | 54.8 | 62 | 78.4 | 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).
Last Update: December 7, 2017