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 | 2021 | 2022 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; net worth (1) | FC102090005 | 5775.9 | -1845.5 | -747.7 | -1558.4 | -502.2 | 962.9 | 781.4 | 896.3 | -219.9 | 1 |
| Nonfinancial corporate business; net investment | FU105060005 | 953.4 | 885.9 | 452.9 | 380.3 | 157.4 | -104.7 | -4.7 | 91.7 | 423.3 | 2 |
| Nonfinancial corporate business; net physical investment | FU105061005 | 670.4 | 823.1 | 347.9 | 179.4 | 208.5 | 87.4 | 168.3 | 92.5 | 163 | 3 |
| Nonfinancial corporate business; total capital expenditures | FU105050005 | 2231.6 | 2731.6 | 770 | 618.2 | 713.3 | 630 | 710 | 640.9 | 712.3 | 4 |
| Nonfinancial corporate business; gross fixed investment | FU105019005 | 2215.1 | 2483.2 | 597.6 | 615.9 | 631.2 | 638.4 | 654.1 | 666.1 | 671.8 | 5 |
| Nonfinancial corporate business; inventories including IVA | FU105020005 | 10.7 | 143.6 | 92.1 | -1.2 | 60.3 | -7.6 | 56.8 | -24.2 | 40.6 | 6 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FU105420005 | 5.8 | 104.8 | 80.3 | 3.5 | 21.8 | -0.8 | -0.9 | -0.9 | -0.1 | 7 |
| Nonfinancial corporate business; consumption of fixed capital, structures, equipment, and intellectual property products, including equity REIT residential structures (NIPA basis) | FU106300003 | 1818.3 | 2004.7 | 482.3 | 495.8 | 509 | 517.6 | 530.4 | 538.3 | 544.5 | 8 |
| Nonfinancial corporate business; consumption of fixed capital, residential structures and equipment, current cost basis | FU106320005 | 8.7 | 9.8 | 2.3 | 2.4 | 2.5 | 2.5 | 2.6 | 2.6 | 2.7 | 9 |
| Nonfinancial corporate business; consumption of fixed capital, nonresidential structures, equipment, and intellectual property products, current cost basis | FU106330005 | 1809.6 | 1994.9 | 480 | 493.4 | 506.5 | 515 | 527.8 | 535.6 | 541.8 | 10 |
| Nonfinancial corporate business; inventory valuation adjustment (IVA) | FU105020601 | -257.1 | -96.2 | -60.2 | -56.9 | -4.2 | 25.1 | 11.3 | 10.1 | 4.9 | 11 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) | FU105000005 | 63.4 | 313.8 | 172.6 | 307 | 6.6 | -172.3 | -187.3 | 23 | 256 | 12 |
| Nonfinancial corporate business; total financial assets | FU104090005 | 1334.6 | 1169.4 | 661.7 | 435.9 | 53.8 | 17.9 | 35.8 | 241.8 | 469 | 13 |
| Nonfinancial corporate business; total liabilities and equity | FU104194005 | 1271.2 | 855.6 | 489.1 | 129 | 47.3 | 190.2 | 223.1 | 218.8 | 213 | 14 |
| Nonfinancial corporate business; corporate equities; liability | FU103164105 | -166.3 | -515.7 | -132.9 | -183.1 | -131.8 | -67.9 | -96.5 | -89.2 | -94.7 | 15 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability (market value) | FU103192105 | 385.8 | 264.7 | 65.3 | 77.1 | 74.2 | 48.1 | 110.7 | 65.4 | 99 | 16 |
| Nonfinancial corporate business; assets less liabilities with revaluations | FR108000005 | 4962 | -2512.3 | -1100.9 | -1903.6 | -607 | 1099.1 | 795.4 | 823.4 | -648.3 | 17 |
| Nonfinancial corporate business; nonfinancial assets | FR102010005 | 2984.5 | 480.9 | -116.6 | 237.5 | 288.1 | 71.9 | -19 | 366.4 | -151.8 | 18 |
| Nonfinancial corporate business; real estate at market value | FR105035005 | 2349.3 | -72.5 | -303.6 | -7.7 | 278.4 | -39.6 | -122.7 | 354.3 | -222.8 | 19 |
| Nonfinancial corporate business; equipment, current cost basis (2) | FR105015205 | 341.1 | 339.4 | 101 | 101.1 | 65.5 | 71.8 | 121.1 | -18.3 | 36.4 | 20 |
| Nonfinancial corporate business; nonresidential intellectual property products, current cost basis (2) | FR105013765 | 74.3 | 123 | 36 | 37.9 | 24.9 | 24.2 | 45.7 | 35.9 | 28.7 | 21 |
| Nonfinancial corporate business; inventories excluding IVA, current cost basis (2) (3) | FR105020015 | 219.9 | 91 | 50 | 106.1 | -80.7 | 15.6 | -63 | -5.4 | 5.9 | 22 |
| Nonfinancial corporate business; financial assets with revaluations with corporate farms (IMA) | FR108080095 | 1676.3 | -2418.6 | -787.1 | -1794.7 | -762.9 | 926 | 697.9 | 361.3 | -403.4 | 23 |
| Nonfinancial corporate business; debt securities; asset | FR104022005 | -5.5 | -22 | -9.6 | -6.6 | -7.3 | 1.6 | 4 | -2.4 | -6.3 | 24 |
| Nonfinancial corporate business; U.S. direct investment abroad: intercompany debt (market value) | FR103092305 | -10.7 | 41.9 | -4.2 | 14.8 | 30.4 | 0.8 | 7.8 | -21.8 | 0 | 25 |
| Nonfinancial corporate business; corporate equities; asset | FR103064103 | 703.1 | -611.6 | -159.7 | -484.4 | -128.1 | 160.6 | 168.4 | 210 | -98.7 | 26 |
| Nonfinancial corporate business; U.S. direct investment abroad: equity; asset (market value) | FR103092105 | 942 | -1749.4 | -587 | -1266.9 | -639.1 | 743.6 | 500.4 | 159.7 | -285.5 | 27 |
| Nonfinancial corporate business; mutual fund shares; asset | FR103064203 | 46.7 | -81.5 | -28.1 | -53.3 | -19.9 | 19.9 | 17.9 | 15.6 | -13.6 | 28 |
| Nonfinancial corporate business; total miscellaneous assets | FR103090005 | 0.8 | 4.1 | 1.7 | 1.8 | 1.2 | -0.5 | -0.5 | 0.2 | 0.6 | 29 |
| Nonfinancial corporate business; liabilities with revaluations | FR108100005 | -301.2 | 574.7 | 197.2 | 346.4 | 132.2 | -101.2 | -116.5 | -95.7 | 93.1 | 30 |
| Nonfinancial corporate business; foreign direct investment in U.S.: intercompany debt; liability (market value) | FR103192305 | -8.1 | 0.3 | -2.1 | -1.5 | 1.2 | 2.7 | -1.4 | -10.4 | 0 | 31 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FR573073005 | -293.1 | 574.4 | 199.3 | 347.9 | 131 | -103.9 | -115.1 | -85.3 | 93.1 | 32 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FR103193005 | -0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 | 0 | 33 |
| Nonfinancial corporate business; other volume changes (4) | FV108090005 | -139.6 | -219 | -99.7 | -35.1 | -52.7 | -31.5 | -9.3 | -18.8 | 5.1 | 34 |
| Nonfinancial corporate business; net worth (5) | FL102090005 | 32689.2 | 30843.7 | 31941.5 | 30383.1 | 29880.9 | 30843.7 | 31625.2 | 32521.5 | 32301.6 | 35 |
NOTES
- Sum of net investment (line 2), net holding gains (line 17), and other volume changes (line 34).
- Valued at current cost.
- Before inventory valuation adjustment.
- Consists of statistical discontinuities and disaster-related losses to fixed assets.
- Table B.103, line 41.
Last Update: December 7, 2023