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Table 33. Industry: Table 15
Component (Post-1997):
Transportation/Warehousing
(Excluding S, RIC, and REIT)
Dollar amounts in millions. Table values may not add and may
differ from SOI Publication 16 values due to rounding.
SOI Major Industry Code for 1998-2003 is 48
Summary 1998 1999 2000 2001 2002 2003
Returns [N1] 78,342 72,675 71,417 73,304 79,150 79,531
Total assets 422,327 451,771 485,396 486,465 487,525 505,074
Total receipts 401,712 416,912 434,517 420,672 425,898 439,396
Pretax book income 19,616 19,667 13,824 -850 -5,224 12,914
Tax net income 12,795 8,366 6,716 -8,022 -10,159 -540
Book-tax difference 6,821 11,301 7,107 7,171 4,935 13,454
M-1 explains 6,055 7,088 6,589 5,470 3,788 12,796
Estimated ICD adj 890 4,168 1,184 1,665 1,518 513
Tabulated ICD adj 0 2,803 1,172 898 1,515 1,230
Tax net income > 0 17,336 14,566 14,991 10,291 10,257 10,816
NOL deduction 2,602 1,415 1,921 1,429 1,617 1,532
Special deductions 161 106 678 147 362 71
Taxable income 14,594 13,056 12,414 8,759 8,303 9,224
Tax before credits 5,212 4,551 4,320 3,053 2,911 3,159
Foreign tax credit 150 175 275 122 113 195
Tax after credits 4,458 3,939 3,737 2,827 2,721 2,734
Pretax book income >0 24,922 25,370 21,674 17,569 17,230 24,122
Book-tax difference>0 10,618 14,034 12,181 11,494 12,463 18,505
M-1 explains > 0 9,610 9,936 10,999 9,839 10,920 17,857
Depreciation explains 10,780 6,188 7,040 5,439 9,138 10,019
Stock options explains 0 0 0 0 284 425
Schedule M-1 Detail
[+L1 ] Book net income 12,519 11,106 7,190 -2,575 -5,833 8,027
[+L2 ] Book federal tax 7,097 8,562 6,633 1,725 609 4,886
[ = ] Pretax book income 19,616 19,667 13,824 -850 -5,224 12,914
[+L7 ] Income for book 4,616 5,961 5,296 4,516 3,660 7,362
[+L8 ] Deduction for tax 21,555 25,068 26,761 23,319 27,219 30,791
[-L3 ] Capital loss limit -701 -496 -101 -103 -183 -568
[-L4 ] Income for tax -4,282 -6,021 -6,895 -3,430 -3,774 -1,181
[-L5 ] Expense for book -15,134 -17,424 -18,472 -18,832 -23,134 -23,608
[ = ] M-1 explains 6,055 7,088 6,589 5,470 3,788 12,796
[+L8a] Depreciation for tax 15,785 11,489 12,636 12,149 16,656 17,894
[-L5a] Depreciation for book -5,005 -5,301 -5,597 -6,710 -7,519 -7,876
[ = ] Depreciation explains 10,780 6,188 7,040 5,439 9,138 10,019
[+L7a] Tax-exempt interest 46 59 56 38 26 28
[+L8c] Stock options 0 0 0 0 284 425
[-L5c] Travel-entertainment -664 -701 -645 -609 -564 -546
[-L3 ] Capital loss limit -701 -496 -101 -103 -183 -568
M-1 detail explains [5 above] 9,462 5,050 6,350 4,765 8,701 9,358
M-1 other explains [balance] -3,407 2,037 239 705 -4,912 3,438
Pretax Book Income Only
Returns [N2]
Assets
Receipts
Pretax book income
Net-Income
BTD
Tax After Credits
No Pretax Book Income
Returns [N3]
Assets
Receipts
Net-Income
BTD
Tax After Credits
Source: 2005 Special Studies in Federal
Statistics. (October 2006)
