Financial Accounts of the United States - Z.1
R.103 Change in Net Worth of Nonfinancial Corporate Business
Billions of dollars; not seasonally adjusted| Description | Series code | 2020 | 2021 | 2022 | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; net worth (1) | FC102090005 | 2610.3 | 5522.7 | -2029.9 | 1212.3 | 1809.9 | -1091.8 | -1943.7 | -491.9 | 1497.5 | 1 |
| Nonfinancial corporate business; net investment | FU105060005 | 476.7 | 885.7 | 620.6 | 235.5 | 214.2 | 106.8 | 96.1 | 134.4 | 283.2 | 2 |
| Nonfinancial corporate business; net physical investment | FU105061005 | 274.3 | 613.5 | 797.8 | 172.5 | 158.5 | 327.1 | 180.5 | 194.7 | 95.4 | 3 |
| Nonfinancial corporate business; total capital expenditures | FU105050005 | 1954.0 | 2155.5 | 2674.6 | 560.3 | 577.9 | 744.7 | 608.0 | 689.4 | 632.5 | 4 |
| Nonfinancial corporate business; gross fixed investment | FU105019005 | 1998.2 | 2163.7 | 2427.0 | 547.7 | 557.7 | 580.5 | 598.1 | 618.5 | 630.0 | 5 |
| Nonfinancial corporate business; inventories including IVA | FU105020005 | -44.2 | -14.6 | 142.1 | 8.8 | 20.9 | 83.7 | 6.3 | 48.9 | 3.1 | 6 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FU105420005 | 0.0 | 6.4 | 105.5 | 3.8 | -0.7 | 80.5 | 3.7 | 22.0 | -0.6 | 7 |
| Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products (NIPA basis) | FU106300005 | 1706.0 | 1798.9 | 2001.3 | 453.4 | 466.8 | 479.3 | 494.8 | 509.6 | 517.6 | 8 |
| Nonfinancial corporate business; consumption of fixed capital, residential structures and equipment, current cost basis | FU106320005 | 4.3 | 6.0 | 6.1 | 1.3 | 2.2 | 1.2 | 1.7 | 1.9 | 1.3 | 9 |
| Nonfinancial corporate business; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FU106330005 | 1701.7 | 1792.8 | 1995.2 | 452.1 | 464.6 | 478.1 | 493.1 | 507.7 | 516.3 | 10 |
| Nonfinancial corporate business; inventory valuation adjustment (IVA) | FU105020601 | -26.4 | -256.9 | -124.5 | -65.6 | -47.3 | -61.7 | -67.3 | -15.0 | 19.5 | 11 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) | FU105000005 | 160.8 | 237.4 | 155.6 | 55.5 | 112.7 | -153.3 | 37.4 | 6.5 | 264.9 | 12 |
| Nonfinancial corporate business; total financial assets | FU104090005 | 394.8 | 1390.6 | 998.4 | 359.2 | 520.5 | 311.0 | 383.5 | 53.2 | 250.6 | 13 |
| Nonfinancial corporate business; total liabilities and equity | FU104194005 | 234.1 | 1153.2 | 842.8 | 303.7 | 407.7 | 464.3 | 346.1 | 46.7 | -14.3 | 14 |
| Nonfinancial corporate business; corporate equities; liability | FU103164103 | -115.8 | -325.6 | -594.8 | -89.7 | -160.9 | -138.9 | -187.9 | -138.9 | -129.1 | 15 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | FU103192105 | 157.4 | 360.5 | 262.0 | 97.2 | 103.9 | 71.9 | 66.1 | 72.0 | 52.0 | 16 |
| Nonfinancial corporate business; assets less liabilities with revaluations | FR108000005 | 2101.8 | 4815.3 | -2391.5 | 1058.5 | 1624.6 | -1091.3 | -1986.8 | -569.3 | 1255.9 | 17 |
| Nonfinancial corporate business; nonfinancial assets | FR102010005 | 1059.1 | 2808.4 | 423.9 | 1185.0 | 851.0 | -125.0 | 185.2 | 319.0 | 44.7 | 18 |
| Nonfinancial corporate business; real estate at market value | FR105035005 | 834.5 | 2203.4 | -176.7 | 1060.8 | 613.0 | -328.8 | -79.4 | 285.0 | -53.5 | 19 |
| Nonfinancial corporate business; equipment, current cost basis (2) | FR105015205 | 41.4 | 339.7 | 416.5 | 108.8 | 138.8 | 107.4 | 131.3 | 87.4 | 90.6 | 20 |
| Nonfinancial corporate business; nonresidential intellectual property products, current cost basis (2) | FR105013765 | 141.5 | 68.0 | 151.1 | 28.9 | 26.5 | 35.6 | 47.2 | 43.6 | 24.7 | 21 |
| Nonfinancial corporate business; inventories excluding IVA, current cost basis (2) (3) | FR105020015 | 41.7 | 197.3 | 32.9 | -13.5 | 72.8 | 60.9 | 86.2 | -97.0 | -17.1 | 22 |
| Nonfinancial corporate business; financial assets with revaluations with corporate farms (IMA) | FR108080095 | 728.9 | 1685.2 | -2242.7 | -110.5 | 637.3 | -779.8 | -1811.1 | -754.8 | 1103.0 | 23 |
| Nonfinancial corporate business; debt securities; asset | FR104022005 | 1.8 | -4.7 | -18.4 | -0.6 | -0.4 | -7.7 | -5.0 | -6.5 | 0.9 | 24 |
| Nonfinancial corporate business; corporate equities; asset | FR103064103 | 361.4 | 684.0 | -604.2 | 6.7 | 303.4 | -152.7 | -484.5 | -128.5 | 161.5 | 25 |
| Nonfinancial corporate business; mutual fund shares; asset | FR103064203 | 39.4 | 46.8 | -82.7 | -2.9 | 15.8 | -28.3 | -54.5 | -20.8 | 20.8 | 26 |
| Nonfinancial corporate business; U.S. direct investment abroad (market value); asset | FR103092005 | 326.2 | 959.1 | -1537.4 | -113.7 | 318.6 | -591.1 | -1267.1 | -599.0 | 919.8 | 27 |
| Nonfinancial corporate business; total miscellaneous assets | FR103090005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 28 |
| Nonfinancial corporate business; liabilities with revaluations | FR108100005 | -313.8 | -321.7 | 572.7 | 16.1 | -136.2 | 186.5 | 360.9 | 133.5 | -108.2 | 29 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FR103192305 | -3.3 | -15.0 | -21.6 | -4.4 | -0.4 | -16.2 | -6.0 | 0.7 | -0.0 | 30 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FR573073005 | -310.5 | -306.8 | 594.2 | 20.4 | -135.8 | 202.7 | 366.9 | 132.8 | -108.2 | 31 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FR103193005 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 32 |
| Nonfinancial corporate business; other volume changes (4) | FV108090005 | 31.8 | -178.2 | -259.0 | -81.7 | -28.9 | -107.3 | -53.0 | -57.0 | -41.6 | 33 |
| Nonfinancial corporate business; net worth (5) | FL102090005 | 27401.9 | 32924.6 | 30894.7 | 31114.7 | 32924.6 | 31832.8 | 29889.2 | 29397.2 | 30894.7 | 34 |
NOTES
- Sum of net investment (line 2), net holding gains (line 17), and other volume changes (line 33).
- Valued at current cost.
- Before inventory valuation adjustment.
- Consists of statistical discontinuities and disaster-related losses to fixed assets.
- Table B.103, line 36.
Last Update: March 9, 2023