Table 2.--Foreign Sales Corporations, Tax Year 1996: Assets, Receipts, Deductions, Net Income, Exempt Income, Taxes, and Distributions of All Active FSC's, by Size of Parent Total Assets
[All figures are estimates based on samples--money amounts are in thousands of dollars, and size of parent total assets is in whole dollars]
Foreign trading gross receipts of FSC's and related suppliers Size of parent total assets Number of returns Total assets Commissions and accounts receivable (1) (2) (3) 21,019,450 666,843 1,107 6,688 9,851 1,154 64,715 111,839 438,316 367,436 1,143,710 1,150,802 1,264,899 15,792,092 Foreign trade deductions Administrative Foreign Total direct costs (12) (13) 4,023,025 51,394 5 ---3,750 47,832 280,475 64,258 235,906 149,819 207,489 2,982,096 (14) 846,739 50,384 -6,900 --397 64 7,709 2,699 11,458 14,315 19,282 733,530 Total Nonadministrative Foreign direct costs (15) 238,991 2,843 ------3,396 -3,401 6,094 6,531 216,727 Total nonforeign trade deductions (16) 97,441 37,992 --610 -23,209 83 9,335 1,676 1,155 4,988 32 18,360 (17) 4,680,405 41,138 1,925 336 6,737 362 14,793 23,006 104,301 96,444 215,607 195,072 271,447 3,709,239 (18) 314,175 24,398 -534 --1,473 -45 5,886 6,035 3,608 5,011 8,154 259,123 Administrative Nonadministrative Total current and long-term liabilities (4) 7,698,542 117,463 1,630 2,885 150 519 53,081 48,667 291,260 222,401 653,887 635,751 727,254 4,943,594 (5) 285,902,491 4,102,996 302,407 108,618 1,236,684 74,161 1,021,315 1,446,323 7,824,272 7,499,445 16,974,893 12,160,405 20,853,109 212,297,864 (6) 236,199,601 3,925,305 302,407 108,618 1,183,480 74,161 905,776 1,446,323 7,579,841 7,224,554 15,724,878 11,058,803 18,539,855 168,125,602 (7) 49,702,889 177,692 --53,204 -115,540 -244,431 274,890 1,250,015 1,101,601 2,313,254 44,172,262 (8) 20,464,648 448,231 -45,160 45,733 9,786 150,594 78,977 820,441 234,340 1,427,754 207,851 292,963 16,702,819 Net income (less deficit) prior to adjustments Total Full costing Marginal costing Cost of goods sold
All returns................................................................................................. 4,363 26,798,911 Zero under $25,000................................................................................................. 618 1,068,679 $50,000 under $100,000................................................................................................. 21 1,651 $100,000 under $250,000................................................................................................. 16,494 35 $250,000 under $500,000................................................................................................. 24,615 57 $500,000 under $1,000,000................................................................................................. 17,196 23 $1,000,000 under $5,000,000................................................................................................. 290 107,927 $5,000,000 under $10,000,000................................................................................................. 363 134,395 $10,000,000 under $50,000,000................................................................................................. 882 541,206 $50,000,000 under $100,000,000................................................................................................. 415 454,337 $100,000,000 under $250,000,000................................................................................................. 497 1,250,755 $250,000,000 under $500,000,000................................................................................................. 243 1,228,871 $500,000,000 under $1,000,000,000................................................................................................. 210 1,368,187 $1,000,000,000 and over.................................................................................................20,584,598 709 Nonforeign Size of parent total assets trade income (less loss) (11) All returns................................................................................................. 205,549 18,551,115 Zero under $25,000................................................................................................. 42,153 241,400 $50,000 under $100,000................................................................................................. -80 $100,000 under $250,000................................................................................................. 88 55 $250,000 under $500,000................................................................................................. 319,498 922 $500,000 under $1,000,000................................................................................................. 14,499 -$1,000,000 under $5,000,000................................................................................................. 23,698 134,221 $5,000,000 under $10,000,000................................................................................................. 85 166,908 $10,000,000 under $50,000,000................................................................................................. 9,830 771,376 $50,000,000 under $100,000,000................................................................................................. 378 452,027 $100,000,000 under $250,000,000................................................................................................. 2,426 1,336,839 $250,000,000 under $500,000,000................................................................................................. 6,571 1,290,590 $500,000,000 under $1,000,000,000................................................................................................. 790 1,546,544 $1,000,000,000 and over.................................................................................................12,277,077 118,606
Footnotes at end of table.
Table 2.--Foreign Sales Corporations, Tax Year 1996: Assets, Receipts, Deductions, Net Income,
Exempt Income, Taxes, and Distributions of All Active FSC's, by Size of Parent Total Assets--Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars, and size of parent total assets is in whole dollars]
Income tax Size of parent total assets Net income Deficit Taxable income Total Regular
Net exempt income
Administrative
Nonadministrative
Total distributions
(21)
(22)
(23) 4,894,266 51,512 1,925 958 7,069 362 16,255 23,007 110,115 101,714 220,522 197,009 279,622 3,884,196
(24) 1,715,237 15,356 674 155 2,252 123 5,203 6,801 35,803 34,454 75,686 68,400 97,015 1,373,316
(25) 1,715,145 15,328 674 155 2,287 123 5,203 6,801 35,782 34,447 75,651 68,339 97,211 1,373,145
(26) 8,360,784 85,538 3,609 630 12,843 678 28,389 43,135 192,656 180,846 436,018 362,460 507,291 6,506,691
(27) 135,496 10,982 -229 --631 -2,659 2,586 1,546 2,148 3,497 111,217
(28) 10,185,606 134,387 7,723 -16,977 895 22,514 42,026 211,841 164,254 484,338 384,905 570,058 8,145,689
All returns................................................................................................. 4,896,783 2,171 Zero under $25,000................................................................................................. 51,532 287 $50,000 under $100,000................................................................................................. 1,925 -$100,000 under $250,000................................................................................................. 958 -$250,000 under $500,000................................................................................................. 7,069 18 $500,000 under $1,000,000................................................................................................. 362 -$1,000,000 under $5,000,000................................................................................................. 16,759 3 $5,000,000 under $10,000,000................................................................................................. 45 23,007 $10,000,000 under $50,000,000................................................................................................. 31 110,115 $50,000,000 under $100,000,000................................................................................................. 102,539 1,359 $100,000,000 under $250,000,000................................................................................................. 220,522 37 $250,000,000 under $500,000,000................................................................................................. 197,012 52 $500,000,000 under $1,000,000,000................................................................................................. 280,387 29 $1,000,000,000 and over................................................................................................. 3,884,596 310
NOTE: Detail may not add to totals because of rounding. SOURCE: IRS, Statistics of Income Bulletin, Publication 1136, Spring 2000.
Total income Administrative foreign trade income (9) 31,344,338 367,970 5,614 1,021 338,999 15,539 176,979 233,049 1,066,431 729,300 1,987,965 1,846,274 2,322,052 22,253,145 (less deficit) Net Nonforeign trade (19) 108,108 4,161 -88 314 -490 1 495 -1,298 1,271 1,583 758 100,246 income (less deficit) (20) 4,894,612 51,245 1,925 958 7,051 362 16,756 22,962 110,084 101,180 220,485 196,960 280,358 3,884,287 Nonadministrative foreign trade income (10) 1,295,859 85,422 -7,663 --2,502 -16,125 11,320 16,611 21,474 30,930 1,103,812
adjustments