Economic Surveys - Quarterly Financial Report (QFR) For Manufacturing

Quarterly Financial Report Report Title for Manufacturing, Mining, and Trade Corporations: 2005 Quarter 2 Issued September 2005 QFR/05-Q2 US CE NSUS B UR E AU Helping You Make Informed Decisions U.S. Department of Commerce Economics and Statistics Administration U.S. CENSUS BUREAU ACKNOWLEDGMENTS Many people regularly participate in the quarterly production of this report, which is prepared under the general direction of Ruth Runyan, Assistant Division Chief for Financial Statistics. Yolando St. George, Chief, Financial Report Branch, plans and manages the financial data collection effort. Mary Aliece Baldwin directs the data analysis activities of Rose Antonio, Michael Borsi, Sherri Ewing, Kimberly Hansberry, and Rosemarie Hillmon. Demetria Hanna advises the staff on technical accounting matters and directs the revision work. Altessia Blake manages the telephone follow-up work of Connie Abner, Lolita Curtis-Hammond, Donna Moore, and Cheryl Nelson. Data keying is provided by Katrina Reed. Donna Farley and Traci Gillespie-Brown coordinate the various phases of the publication process, including table preparation and Internet posting. Rosalyn R. Harrington provides secretarial support to the branch. John P. Seabold, Chief, Corporate Analysis Branch, assisted by Gary Francis, Ruth Gladden, Justin Keller, James Mercury, Adesegun Oyesanya, Joan Sanders, Jack Schroeder, Lorraine Talley, Angela Walker, Claudia White, and Amanda Williams, reviews and analyzes corporate structure and industry classification of companies participating in the program. Theresa Brashears, assisted by Minnie Whiteside, maintains the program’s records, controls correspondence, and produces mailings. Laura Gonchar Schmitz, assisted by Bob Peregoy, Donna Farley and Traci Gillespie-Brown, provides sample maintenance, production planning, data processing support, and computer programming. Carol Caldwell, Assistant Chief for Research and Methodology, provides monitoring of the integrity of the samples. Mark S. Sands, Chief, Statistical Research and Methods Branch, directs sample design and quality control, assisted by Irene L. Evans, Melvin McCullough, and Terry Pennington. Theodora S. Forgione, Jamie Peters, Crystal Pate, and Wanda Cevis of the Administrative and Customer Services Division, Walter C. Odom, Chief, provided publication and printing management, graphics design, and composition and editorial review for print and electronic media. General direction and production management were provided by James R. Clark, Assistant Division Chief, and Susan L. Rappa, Chief, Publications Services Branch. Special acknowledgments are also due to the many corporations whose cooperation each quarter is essential to the success of this report. Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations: 2005 Quarter 2 Issued September 2005 QFR/05-Q2 U.S. Department of Commerce Carlos M. Gutierrez, Secretary David A. Sampson, Acting Deputy Secretary Economics and Statistics Administration Kathleen B. Cooper, Under Secretary for Economic Affairs U.S. CENSUS BUREAU Charles Louis Kincannon, Director SUGGESTED CITATION U.S. Census Bureau, Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations. Second Quarter 2005, Series QFR/05-Q2, U.S. Government Printing Office, Washington, DC 2005 ECONOMICS AND STATISTICS ADMINISTRATION Economics and Statistics Administration Kathleen B. Cooper, Under Secretary for Economic Affairs U.S. CENSUS BUREAU Charles Louis Kincannon, Director Hermann Habermann, Deputy Director and Chief Operating Officer Thomas L. Mesenbourg, Associate Director for Economic Programs Thomas L. Mesenbourg, Acting Assistant Director for Economic Programs Ewen M. Wilson, Chief, Company Statistics Division For sale by Superintendent of Documents, U.S. Government Printing Office Internet: bookstore.gpo.gov; Phone: toll-free 1-866-512-1800; DC area 202-512-1800; Fax: 202-512-2250; Mail: Stop SSOP Washington, DC 20402-0001 CONTENTS Introduction to the Quarterly Financial Report Program . Report Form Conversion Tables . . . . . . . . . . . . . Summary Data Tables A. . . . . . . . . . . . . . . . . . . . . . . iv x B. C. D. E. F. G. H. I. J. K. L. Rates of Change in Sales and Profits for Corporations in NAICS Manufacturing, Mining, and Trade, by Sector, Select Subsectors, and Select Industry Groups . . . . . . . . . . . . . . . . . . . . . . Profits Per Dollar of Sales for Corporations in NAICS Manufacturing, Mining, and Trade, by Sector, Select Subsectors, and Select Industry Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . Profits Per Dollar of Sales for Corporations in the NAICS Manufacturing Sector, by Asset Size . . . . . . . . . . . . . . . . . Annual Rates of Profit on Stockholders’ Equity for Corporations in NAICS Manufacturing, Mining, and Trade, by Sector, Select Subsectors, and Select Industry Groups . . . . . . . . . . . . . . . . Annual Rates of Profit on Stockholders’ Equity for Corporations in the NAICS Manufacturing Sector, by Asset Size . . . . . . . . . . . . Historical Rates of Return for Corporations in the NAICS Manufacturing Sector . . . . . . . . . . . . . . . . . . . . . . . . . Historical Rates of Return for Corporations in the NAICS Mining Sector Assets $50 Million and Over . . . . . . . . . . . . . . . . . Historical Rates of Return for Corporations in the NAICS Wholesale Trade Sector Assets $50 Million and Over . . . . . . . . . . . . . . Historical Rates of Return for Corporations in the NAICS Retail Trade Sector Assets $50 Million and Over . . . . . . . . . . . . . . . . . . Composition of the Sample, by NAICS Sector and Asset Size . . . . . Sampling Variability for Corporations in NAICS Manufacturing, Mining, and Trade, by Sector, Select Subsectors, and Select Industry Groups . . . . . . . . . . . . . . . . . . . . . . . . . . . . Seasonally Adjusted Net Sales and Net Income After Tax for Corporations in the NAICS Manufacturing Sector . . . . . . . . . . . 1 xiv xvi xvii xviii xix xx xxi xxii xxiii xxiv xxv xxvi xxvii 1 Guide to Quarterly Financial Statistics Financial Data Tables 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Data for these tables are also available on the Internet at www.census.gov/csd/qfr/. iii Introduction SURVEY DESCRIPTION The Quarterly Financial Report (QFR) Program publishes up-to-date aggregate statistics on the financial results and position of U.S. corporations. Based upon a sample survey, the QFR presents estimated statements of income and retained earnings, balance sheets, and related financial and operating ratios for manufacturing corporations with assets of $250,000 and over, and mining, wholesale trade and retail trade corporations with assets of $50 million and over. The statistical data are classified by industry and by asset size. The Federal Trade Commission (FTC) was responsible for the program from its inception in 1947 until December 1982. That responsibility was shared with the Securities and Exchange Commission until 1971. Authority to conduct the survey was transferred to the U.S. Census Bureau in 1982. The Commerce Department regularly employs QFR data as an important component in determining corporate profits for the Gross Domestic Product (GDP) and National Income estimates; the Federal Reserve Board uses QFR data to assess industrial debt structure, liquidity, and profitability; the Treasury Department estimates corporate tax liability through use of QFR data; the Council of Economic Advisers and Congressional Committees utilize key indicators derived from QFR data as they design economic policies and draft legislation; the FTC utilizes the series as a basic reference point in analyzing the financial performance of American industries; and banking institutions and financial analysts draw upon the series in making investment evaluations. Publication schedule. QFR data are scheduled for release approximately 75 days after the end of the first, second, and third-calendar quarters, and approximately 95 days after the end of the fourth-calendar quarter. The QFR publishes information on the most recently closed quarter for manufacturing, mining, and wholesale trade corporations, and the preceding quarter’s data for retail trade corporations, except in the fourth quarter when the 95-day publication lag permits synchronized presentation. The following table shows how a corporation’s fiscal quarter relates to QFR quarters: iv U.S. Census Bureau Month corporation’s fiscal quarter ends QFR quarter Manufacturing, mining and wholesale trade Jan., Feb., or Mar. Apr., May, or June July, Aug., or Sept. Oct., Nov., or Dec. Retail trade Feb., Mar., or Apr. May, June, or July Aug., Sept., or Oct. Nov., Dec., or Jan. First . . . . . . . Second . . . . Third . . . . . . Fourth . . . . . Data revisions. Revisions to QFR data are attributable primarily to industry reclassifications of major corporations involved in merger/acquisition activities, restructuring of operations, economic changes, or additional information and/or correcions submitted by respondents subsequent to last quarter’s publication. In order to reflect these changes and to provide users with comparable data, revisions are made each quarter to the most recent four quarters of previously published data. Consolidation rules. Reporting companies have been instructed to fully consolidate the domestic operations of every company, corporate (including 1120S corporations) and noncorporate, which are taxable under the U.S. Internal Revenue Code and are owned more than 50 percent by the reporting company and its majority-owned subsidiaries. This includes every majority-owned domestic company located within the United States that manufactures, mines, or conducts other business activities with the following exceptions: foreign entities (either corporate or noncorporate), foreign branch operations, and domestic companies primarily engaged in foreign operations (plants or work forces are located in foreign countries). Subsidiaries created in foreign countries to manufacture and/or sell primarily in foreign markets are not consolidated. Also excluded from consolidation are domestic companies primarily engaged in banking, finance, or insurance as defined in the North American Industry Classification System (NAICS) Sector 52. Commonwealths such as Puerto Rico and territories such as the Virgin Islands are not considered domestic for this report. Nonconsolidated subsidiaries are accounted for on either the cost or equity method of accounting, at the option of the reporting company. Manufacturing corporations with assets less than $50 million report their dividend income or equity income (loss) with other nonoperating income (expense). Corporations with assets of $50 million and over report their dividend income or equity income (loss) separately. How corporations are classified and tabulated. The industry combinations used in the QFR are defined in accordance with the descriptions provided in the North American Industry Classification System, United States, 1997 manual. Each corporation in the survey is required to provide a breakdown of gross receipts by source industry. These data are analyzed to determine the classification of each corporation. A reporting corporation is initially classified into the NAICS sector accounting for more gross receipts than any other NAICS sector. To be in scope for the QFR, more gross receipts of the reporting corporation must be accounted for by either (not a combination of) the NAICS Manufacturing sector, Mining sector, Wholesale Trade sector, or Retail Trade sector than by any other NAICS sector. After a corporation is assigned to a sector, it is further classified by the 3-digit NAICS subsector accounting for more gross receipts than any other 3-digit subsector within the sector. In certain cases, corporations are further classified into 4-digit industry groups. QFR data are published for these subsectors and industry groups, except when statistical criteria are not satisfied. In those cases, sectors or subsectors are combined, such as Leather Product Manufacturing and Apparel Manufacturing. Note that these procedures may lead to a conglomerate corporation being assigned to a major group from which only a small proportion of its receipts are obtained. For example, if a corporation obtains 20 percent of its gross receipts from wholesale, 25 percent each from mining and retail, and 30 percent from manufacturing, it would be classified in the manufacturing sector. Furthermore, if the 30 percent of manufacturing activity was conducted in two subsectors, 10 percent in one and 20 percent in the other, the activities of the corporation as a whole would be classified in the subsector accounting for 20 percent of total receipts. When a corporation is drawn into the sample, its classification is determined using the most current information available. This classification is reviewed periodically and changed as needed for as long as the corporation remains in the sample. Each manufacturing corporation is tabulated according to its total assets reported for that quarter. Mining and trade corporations are tabulated according to their total assets at the time of sample selection. DATA ANALYSIS Financial operating ratios. Many quantitative indicators are used to assess the financial strength of an enterprise and the success of its operations. The simplest method is to assemble related financial items, such as sales and profits, and to express this relationship in the form of a ratio. Using these ratios, various aspects of corporate operations may be compared with the performance of other corporations or groups of corporations of similar size or in a similar industry. The QFR’s ratio formatted income statement and selected balance sheet ratios are expressed as percents of net sales and total assets, respectively. The operating and financial characteristics of the respective industries and asset size groups are thus reduced to a common denominator to facilitate analysis. The ratio tables include the following additional basic operating ratios: • Annual rate of profit on stockholders’ equity at end of period. This ratio is obtained by multiplying income for the quarter before or after domestic taxes (including branch income (loss) and equity in the earnings of nonconsolidated subsidiaries net of foreign taxes) by four, to put it on an annual basis, and then dividing by stockholders’ equity at the end of the quarter. This ratio measures the rate of return that accrues to stockholders on their investment. • Annual rate of profit on total assets. This ratio is obtained by multiplying income, as defined in deriving the rate of profit on stockholders’ equity, both before and after taxes, by four, and then dividing by total assets at the end of the quarter. This ratio measures the productivity of assets in terms of producing income. • Total current assets to total current liabilities. This ratio is obtained by dividing total current assets by total current liabilities. This ratio measures the ability to discharge current maturing obligations from existing current assets. • Total cash and U.S. Government and other securities to total current liabilities. This ratio is obtained by dividing total cash and U.S. Government and other securities by total current liabilities. This ratio measures the ability to discharge current liabilities from liquid assets. • Total stockholders’ equity to total debt. This ratio is obtained by dividing total stockholders’ equity by the total of short-term loans, current installments on longterm debt, and long-term debt due in more than one year. This ratio indicates the extent of leverage financing used. Comparisons with other statistics. QFR estimates will not necessarily agree with other financial and industrial statistics, whether based upon a sample or complete canvass. For example: • The QFR eliminates multiple counting of interplant and other intracompany transfers included in census establishment statistics. It also eliminates multiple counting of intercorporate transfers included in statistics based upon nonconsolidated, partly consolidated, or combined reports from multicorporate enterprises. v U.S. Census Bureau • Each corporation that files one of the U.S. Corporation Income Tax Return Forms 1120, 1120A, or 1120S and is in scope of the QFR is classified in one of 37 QFR subsectors or industry groups and has a known probability of being drawn into the QFR sample. Each corporation in the QFR sample is therefore given its proper weight in computing the QFR estimates. The composition of the sample changes each quarter to reflect the effects of corporate births, deaths, acquisitions, divestitures, mergers, consolidations, and the like. To redistribute the reporting responsibility as equitably as possible among the smallest corporations, one-eighth of the noncertainty sample is replaced each quarter. The QFR estimates may, therefore, differ significantly from estimates based upon reports for identical groups of corporations. • The conventional accounting concept of profits is used in the QFR estimates. This differs from the concept of profits employed in the national income and product accounts. In measuring profits for national income accounting purposes, capital gains and dividends received by corporations are deducted from profits, capital losses and depletion charges are added to profits, and adjustments are made for international flows affecting profits. • Corporations’ QFR submissions generally embody the accounting conventions adopted for financial reporting purposes. As such, they may differ from those used by corporations for reporting income to the Internal Revenue Service (IRS); for example, in the more frequent application of accelerated depreciation on tax returns. Therefore, annual income and balance sheet information derived from tax returns, which can be found in the IRS report series Statistics of Income: Corporation Income Tax Returns, may not be comparable. • QFR estimates by corporation size are based upon the total assets of consolidated corporate enterprises. They differ from estimates based upon other criteria such as value of shipments or number of employees. They differ also from estimates based upon other reporting units such as establishments, nonconsolidated corporations, or enterprises consolidated differently than in the QFR. • QFR estimates are based upon a changing sample of audited, unaudited, and estimated reports required to be submitted within 25 days after the end of each quarterly reporting period by corporations that are not necessarily identical entities from quarter to quarter. Aggregated for any four consecutive quarters, the QFR estimates will differ from similar aggregations of finalized and audited annual reports for accounting years that are not necessarily identical from corporation to corporation. Time series discontinuities. Because of various changes to the QFR program over the years, discontinuities that affect its use as a time series for tracking economic change have been introduced. The most significant ones follow: vi • Accounting rules changes. When the QFR series began in 1947, corporations were instructed to consolidate all of their subsidiaries that were taxable under the U.S. Internal Revenue Code and that were fully consolidated in their latest report to stockholders. All other subsidiaries were to be accounted for as investments. Closely held corporations that did not prepare stockholder reports were to report on a basis consistent with their audited or corporation prepared reports. The income tax liability rule was expected to eliminate most foreign operations. However, as the number of multinational corporations increased between 1947 and 1973, foreign operations gradually became more and more significant in the QFR data. Therefore, an interagency task force composed of user agency representatives was created. New consolidation rules were put into effect in the fourth quarter of 1973 to maximize coverage and minimize the impact of foreign operations on QFR statistics (see Consolidation rules). As a result of these changes, foreign operations are included on an investment basis. In addition, the breadth of the new consolidation rules was expanded to include certain domestic subsidiaries previously excluded under the old rules. Also, the rules were clarified with respect to the scope of coverage. Domestic subsidiaries engaged in banking, finance, or insurance are not to be consolidated. The change in consolidation rules and the creation of a line item to reflect equity in earnings from nonconsolidated subsidiaries, significantly lessened the comparability of pre- and post-Q4 1973 reports. QFR internal accounting procedures prior to the rule change required the classification of equity in earnings (losses) as direct credit or charge to retained earnings. Therefore, when a reporting corporation indicated by footnote that its equity in nonconsolidated subsidiary earnings (losses) was included in its current quarter’s income (loss), the QFR accounting staff made the appropriate adjustment. With the addition of the separate line on equity, this adjustment is not made. Equity in earnings (losses) is accounted for as an element of the parent corporation’s quarterly income (loss) after taxes. The treatment of dividend income received from nonconsolidated subsidiaries accounted for by the cost method has remained consistent under both the new and old format. In these instances, dividends received are included in net income before taxes through the nonoperating income line. A comparison of aggregated totals published under both the old and new consolidation rules indicates the following: • There was a net decrease in sales, apparently due to the exclusion of foreign activities previously included. U.S. Census Bureau • There was a net decrease in net income before taxes (NIBT) apparently due to two major effects. Equity in earnings (losses) from nonconsolidated subsidiaries is reflected on a designated line below NIBT, whereas prior reports often included this amount in NIBT. If the reporting company did not footnote this inclusion, QFR accountants were unable to make the proper adjustment. If foreign activity was fully consolidated, foreign earnings were also included in NIBT. The new consolidation rules minimize this effect as well. • The net effect of the rule changes on net income after taxes (NIAT) was small. Under both rules, foreign activity should be included above the NIAT line. The slight degree of difference also suggests that the QFR footnoted equity in earnings (losses) on nonconsolidated subsidiaries were not extensive enough to affect comparative published data materially. • Noncurrent assets include investments in nonconsolidated subsidiaries under either the cost or equity method. The rule change precluding full consolidation of foreign activity caused a marked increase in this line item. Corporations that consolidated foreign activity fully up to 1973 were required to eliminate their investment in accordance with generally accepted accounting principles. Since foreign activity is not fully consolidated, investments in these subsidiaries are included in the noncurrent asset line. • Industry classification system changes. The fourth quarter of 2001 reflects the conversion of the QFR to the North American Industry Classification System (NAICS) from the Standard Industrial Classification (SIC) system. With NAICS, there were major changes in how industries are defined requiring the movement of many corporations to different industry categories. The most notable changes are: moving publishing activities from manufacturing to the information sector; moving logging to the agriculture, forestry, fishing, and hunting sector; moving eating and drinking places from retail trade to the accommodation and food services sector; redistributing instruments and related products to several new or redefined manufacturing sectors; and creating the NAICS computer and electronic products manufacturing sector. Data for the fourth quarter of 2000 through the third quarter of 2001 were restated on the new NAICS basis. • Sample design changes. The first sample in this survey was drawn from U.S. Corporation Income Tax Returns (Form 1120) filed with IRS for the taxable year 1943 and was used to produce estimates for 1947 to 1951. A second sample was drawn from income tax returns for the taxable year 1949 and used to produce data for 1951 to 1956. Since then, samples are drawn annually from income tax returns to produce data. Each sample through fourth-quarter 1982 was supplemented by quarterly samples of applications for a Federal Social Security Employer’s Identification Number filed with the Social Security Administration (SSA). Subsequent to that quarter the QFR lost its authority to obtain the SSA data. From the third-quarter 1977 through the fourth-quarter 1986, the strata including very small manufacturing firms (those with assets less than $250,000) and all newly incorporated manufacturers were estimated using multivariate techniques. Beginning in the firstquarter 1987, the QFR universe of corporations was redefined to exclude these strata. Beginning in the fourth quarter of 1988, the asset level for inclusion in published mining, wholesale trade, and retail trade estimates was raised to $50 million at the time of sample selection. These latter changes to the sample rules were effected to reduce reporting burden on small companies and to meet changing budgeting restraints. Effective with the fourth-quarter 2001 report, cooperatives were defined out of scope of the QFR program. These firms, which are primarily in the manufacturing and wholesale trade food sectors, file 990 - C Farmers’ Cooperative Association tax returns with IRS. Also, even though many are incorporated, they have tax exempt status with IRS. • Questionnaire changes. In 1980, Congress mandated a reduction in both QFR form complexity and sample size. In response, the program adopted an abbreviated form for surveyed corporations with total assets of less than $50 million. Corporations with higher asset values continued to submit the long form, which has been in use since 1974. To accomplish the sample size reduction, the threshold for sampling on less than a 1:1 ratio was raised from $10 million to $25 million in assets. The threshold for sampling was subsequently raised to $50 million in 1988 and to $250 million in 1995. (See Survey Methodology). The resulting reduced sample size was optimally allocated with further cuts made in asset sizes below $10 million. The results of these changes are reflected beginning in the fourth quarter of 1981. Beginning with the first quarter of 1998, the long and short survey forms were updated to conform with changes in accounting principles and to provide more meaningful data to users. The new format provided for reporting of interest expense, bonds and debentures, and more detailed information on significant economic events, such as asset sales and disposal of business segments. Net income before and after tax were redefined to include minority stockholders’ interest. In some instances, old data items were not fully comparable with the new format; however, where possible prior quarter data were restated in the new format. Copies of the long and short survey forms are shown on pages x and xi to assist in comparing data collection vii U.S. Census Bureau differences. These survey forms also provide the reader a key to the long to short format conversion. Note that data tables presenting total estimates by NAICS sector, subsector, and industry group are published on the short-form basis; therefore, the more detailed long form data submitted by larger corporations (those with assets of $50 million and over) are collapsed in these tables. Corporations filing the short form, report equity in earnings (losses) of nonconsolidated subsidiaries and foreign branches as a component of all other nonoperating income (expense). Although this treatment will introduce elements of foreign earnings (losses) into income (or loss) before income taxes, the contribution of foreign earnings (losses) of these smaller asset size corporations to this data item has been historically insignificant. Corporations with assets of $50 million and over continue to report equity in earnings (losses) as a separate data item. As can be seen in the conversion table, this data item is collapsed for total estimation into all other nonoperating income (expense). However, since these larger asset size corporations continue to report equity in earnings (losses) separately, as reflected in the tables published for corporations with assets of $25 million and over, comparability with prior data can be achieved through subtraction. SURVEY METHODOLOGY Sampling frame and sample selection. The QFR survey includes manufacturing corporations with total assets of $250,000 and over, and mining, wholesale trade, and retail trade corporations with total assets of $50 million and over. Each year, a QFR sampling frame is built from an annual IRS file of corporate entities which are required to file Form 1120, 1120A, or 1120S. This frame is stratified by industry classification and size of total assets and gross receipts prior to sampling. Nearly all corporations whose operations are within scope of the QFR and have total assets of $250 million and over are included in the sample with certainty and are canvassed every quarter. Simple random samples are selected from the eligible noncertainty units in the remaining industry-by-size strata. The sample in each cell is divided systematically into four panels that are introduced over the next year. Each noncertainty panel is in the survey for eight successive quarters. Each quarter, one noncertainty panel is rotated out and a new panel is rotated into the sample. This means that the noncertainty sample for adjacent quarters is seven-eighths identical; one half of the sample is the same for quarters ending one year apart. See Table J (page xxiv) for the number of active corporations in the sample by assets size. As a result of the Paperwork Reduction Act of 1995, QFR sample units are subject to time in/time out constraints. If a sampled company has less than $50 million in total viii assets and has been in the survey for eight quarters, that company is not eligible for selection again for the next 10 years. If a company has total assets between $50 million and $250 million and has been in the survey for eight quarters, it is not eligible for selection again for the next 2 years. Because of the time in/time out constraints, it is necessary to evaluate the frame to assure there are enough eligible units for the four panels of the current sample to be selected, and that there will remain enough units on the frame that will be eligible for selection in subsequent years. If there are too few units, the sample size for the current year is reduced to allow enough units for future years’ selections. This adjustment to the optimal sample size results in increased variance for these strata. Sample maintenance. The file received from the IRS to create the QFR frame does not contain all corporate tax returns. This is due to several factors, including but not limited to, corporations filing late tax returns, mergers and acquisitions, spinoffs, corporate restructuring, etc. In an attempt to keep the coverage of certainty corporations as complete as possible, the QFR staff reviews current corporate news releases and public records to identify any potential additions and changes to the QFR target population. Corporations thus identified and thought to meet the QFR in-scope criteria are mailed classification forms. If their response indicates that the corporation meets the QFR in-scope criteria, they will be included in the survey with certainty for the remainder of the year. Estimation. The estimates of total are computed as the sum of weighted data for all responding sample units. The weights in the noncertainty portion are adjusted to account for nonresponse by multiplying the weighted estimate by the ratio of the number of active sample cases divided by the number of respondents. Data for all nonrespondent certainty cases are imputed using procedures that ensure the imputed data are consistent with prior reported data and/or with the other responses. Sampling error. The sample used in this survey is one of many possible samples that could have been selected using the sampling methodology described earlier. Each of these possible samples would likely yield different results. These samples give rise to a distribution of estimates for the unknown population value. A statistical measure of the variability among these estimates is the standard error (SE), which can be estimated from any one sample. The standard error is defined as the square root of the variance. The relative standard error (RSE) of an estimate is the standard error of the estimate divided by the estimate, and is usually expressed as a percent. It provides a measure of the variation of the data relative to the estimate being made. Note that measures of sampling variability, such as the standard error and relative standard error, are estimated from the sample and are also subject to sampling variability. Table K (page xxv) gives the estimates of U.S. Census Bureau the relative standard error in percent for the estimates of net sales, depreciation, inventories, and total assets. The estimates of standard errors for income before income taxes are also given in Table K. The relative standard errors presented in Table K can be used to derive the standard error of the estimate. The standard error can be used to derive interval estimates with prescribed levels of confidence that the interval includes the average results of all samples: • Intervals defined by one standard error above and below the sample estimate will contain the true value approximately 68 percent of the time. • Intervals defined by 1.6 standard errors above and below the sample estimate will contain the true value approximately 90 percent of the time. • Intervals defined by two standard errors above and below the sample estimate will contain the true value approximately 95 percent of the time. To illustrate the computations involved in the above confidence statements as related to dollar volume net sales estimates, assume that an estimate of net sales for all manufacturing published in Table 1.0 is $525,000 million for a particular quarter and that the relative standard error for this estimate, as given in Table K, is 0.2 percent. Then the SE is calculated as: SE Xj Nonsampling error. The relative standard error estimates sampling variation, but does not measure all nonsampling error in the data. Nonsampling error consists of both a variance component and a bias component. Bias is the difference, averaged over all possible samples of the same size and design, between the estimate and the true value being estimated. Nonsampling errors can be attributed to many possible sources: • Coverage error, such as failure to accurately represent all population units in the sample, or the inability to obtain information about all sample cases; • Response errors, possibly due to definitional difficulties or misreporting; • Mistakes in recording or coding the data obtained; • Other errors of coverage, collection, nonresponse, response, processing, or imputing for missing or inconsistent data. These nonsampling errors also occur in complete censuses. Although no direct measures of these errors have been obtained, precautionary steps were taken in all phases of the collection, processing, and tabulation of the data to minimize their influence. Adjustment for seasonal variation. The X-12 ARIMA program is used to derive the factors for adjusting sales and net income after taxes for All Manufacturing, All Durable Manufacturing, and All Nondurable Manufacturing for seasonal variations. Seasonal adjustment of estimates is an approximation based on current and past experiences. Therefore, the adjustment could become less precise because of changes in economic conditions and other elements that introduce significant changes in seasonal patterns. [ RSE Xj 100 ] ( ) *Xj .2 100 $525,000 million $1,050 million Therefore, a 90-percent confidence interval is $525,000 million ±1.6($1,050 million) = $525,000 ±$1,680 million, or $523,320 million to $526,680 million. If corresponding confidence intervals were constructed for all possible samples of the same size and design, approximately 90 percent of the intervals would contain the figure obtained from a complete enumeration. ix U.S. Census Bureau CONVERSION TABLE FOR INCOME STATEMENT LONG TO SHORT FORMAT LONG FORMAT Net sales, receipts and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant and equipment. . . . . . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold and selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, and minority interest . Nonrecurring items (gain/loss on sale of assets, restructuring costs, and asset writedowns) . . . . . . . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant and equipment. . . . . . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, and minority interest . Nonrecurring items (gain/loss on sale of assets, restructuring costs, and asset writedowns) Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [8] [9] [7] [9] [9] [4] [5] [5] [5] [5] [4] [5] [1] [2] [3] [1] [2] [3] x U.S. Census Bureau SHORT FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant and equipment. . . . . . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold and selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [6] Provision for current and deferred domestic income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [6] [6] [7] Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [8] [9] Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant and equipment. . . . . . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. Government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CONVERSION TABLE FOR BALANCE SHEET LONG TO SHORT FORMAT LONG FORMAT ASSETS Cash and demand deposits in the United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the United States, including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . Deposits outside the United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: (a) Subject to agreements to sell. . . . . . . . . . . . . . . . . . . . . . . . . (b) Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers . . . . . . . . . . . State and local government securities due in 1 year or less. . . . . . . . . Foreign securities due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . ....................... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [3] [3] [3] [3] [3] [3] [4] [4] [5] [6] [10] [7] [8] [9] [10] [10] ............. [3] [1] [2] [3] [1] [2] U.S. Census Bureau SHORT FORMAT ASSETS Cash and demand deposits in the United States . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the United States, including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. Government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [4] [5] [6] Trade accounts and trade notes receivable (less allowances for doubtful receivables) . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [7] [8] [9] Depreciable and amortizable fixed assets, including construction in progress . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY [11] [12] [13] [14] [15] [16] [17] Short-term debt, original maturity of 1 year or less: a. Loans from banks . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term debt, including commercial paper . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments Installments, due in 1 year or less, on long-term debt: a. Loans from banks . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. Government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. Government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowances for doubtful receivables). . . . . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciable and amortizable fixed assets, including construction in progress . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities due in more than 1 year . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term intangibles, etc Total Assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. Government . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses. Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt (due in more than 1 year): a. Loans from banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes and capitalized stockholders’ interest in consolidated domestic corporations. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............. ............. investments, [11] [12] [12] [17] [13] [14] [14] [15] [16] [16] [17] ............................. ............................. accrued expenses . . . . . . . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [18] [19] [20] Long-term debt (due in more than 1 year): a. Loans from banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . ... ... and ... .............. .............. minority .............. ............... ............... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . [21] [22] Capital stock and other capital (less treasury stock). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ................... .............. .............. .............. leases and minority .............. ..... ..... ..... ..... [18] [19] [19] [20] [21] [22] [22] [22] [21] NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. Government and other securities . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.) Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . ............ ............ ............ ............ ............ ............ NET WORKING CAPITAL: Excess of total current assets over total current liabilities. . . . . . . . . . . . . . . xi SUMMARY DATA TABLES Some data in these tables are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. xiii U.S. Census Bureau TABLE A Rates of Change in Sales and Profits for Corporations in NAICS Manufacturing, Mining, and Trade, bY Sector, Select Subsectors, and Select Industry Groups (An electronic version of selected data from this table is available on the internet at http://www.census.gov/csd/qfr/. For further information, contact Customer Services, ACSD, U.S. Census Bureau, Washington, DC 20233, or call 301−457−4100) Sales Industry 2Q 2004 1Q 2005 (million dollars) All manufacturing4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All nondurable manufacturing . . . . . . . . . . . . . . . . . . . . . . Food . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beverage and tobacco products . . . . . . . . . . . . . . . . . Textile mills and textile product mills. . . . . . . . . . . . . . Apparel and leather products . . . . . . . . . . . . . . . . . . . . Paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Printing and related support activities. . . . . . . . . . . . . Petroleum and coal products . . . . . . . . . . . . . . . . . . . . Chemicals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Basic chemicals, resins, and synthetics5 . . . . . . Pharmaceuticals and medicines5 . . . . . . . . . . . . . All other chemicals5 . . . . . . . . . . . . . . . . . . . . . . . . . Plastics and rubber products . . . . . . . . . . . . . . . . . . . . All durable manufacturing . . . . . . . . . . . . . . . . . . . . . . . . . Wood products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonmetallic mineral products . . . . . . . . . . . . . . . . . . . . Primary metals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Iron, steel, and ferroalloys5 . . . . . . . . . . . . . . . . . . Nonferrous metals5 . . . . . . . . . . . . . . . . . . . . . . . . . Foundries5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fabricated metal products . . . . . . . . . . . . . . . . . . . . . . Machinery. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Computer and electronic products . . . . . . . . . . . . . . . Computer and peripheral equipment5 . . . . . . . . . Communications equipment5 . . . . . . . . . . . . . . . . . All other electronic products5 . . . . . . . . . . . . . . . . . Electrical equipment, appliances, and components . Transportation equipment . . . . . . . . . . . . . . . . . . . . . . . Motor vehicles and parts5 . . . . . . . . . . . . . . . . . . . Aerospace products and parts5 . . . . . . . . . . . . . . . Furniture and related products. . . . . . . . . . . . . . . . . . . Miscellaneous manufacturing . . . . . . . . . . . . . . . . . . . . All mining4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All wholesale trade4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All retail trade4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Rate of change 2Q 2005 2Q 2004 to 2Q 2005 (percent) 1,372,396 685,827 105,771 37,639 12,423 22,441 38,138 16,722 254,156 158,680 50,598 62,744 45,338 39,857 686,569 21,204 28,884 48,688 25,030 18,129 5,529 61,774 78,273 134,762 41,530 27,331 65,901 52,522 212,873 151,546 49,701 16,001 31,587 36,973 407,000 NA +10 +14 2 1Q 2005 to 2Q 2005 1,248,717 604,129 103,525 36,076 12,833 20,428 40,659 15,838 192,694 144,593 43,839 58,169 42,585 37,481 644,588 19,412 25,648 44,284 22,626 17,262 4,396 56,899 73,018 128,661 38,840 24,939 64,883 48,357 205,588 149,349 46,181 14,801 27,920 29,614 373,237 405,436 1,269,378 628,330 105,703 33,926 12,159 21,133 37,337 16,831 208,135 155,829 50,330 64,032 41,467 37,277 641,048 17,996 22,733 46,915 24,681 17,423 4,811 57,058 71,479 130,804 40,923 25,291 64,590 48,616 199,575 143,866 45,307 15,361 30,510 34,168 389,738 427,603 +8 +9 2 +4 2 2 +11 2 2 2 2 −6 2 +32 +10 +15 +8 +6 +6 +7 2 +22 +2 2 2 +9 +7 +7 +18 +27 2 2 2 2 +13 +10 +11 2 +26 +9 +7 +5 +7 +10 2 +8 +10 +3 2 2 2 +9 +4 2 +8 2 +8 +7 +5 +10 2 2 +13 +25 +9 NA +8 +4 NA Includes net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries net of foreign taxes. Sampling variability precludes characterizing change. 3 Change from gain to loss or vice versa. 4 Mining, wholesale, and retail trade data represent the quarterly results of companies with total assets over $50 million. Data for manufacturing corporations represent the quarterly results of companies with total assets over $250,000. 5 Included in subsector above. xiv U.S. Census Bureau Income before income taxes1 Rate of change 2Q 2004 1Q 2005 (million dollars) 122,267 64,592 6,369 8,993 434 1,711 2,073 638 23,523 19,294 2,372 12,047 4,875 1,559 57,674 2,053 2,403 4,442 2,361 1,787 295 4,967 5,891 17,162 6,017 3,195 7,950 6,377 10,636 6,129 3,257 541 3,201 7,633 12,586 20,243 115,352 70,964 7,277 5,752 422 2,096 1,506 657 26,575 25,514 5,113 15,902 4,499 1,166 44,388 1,074 −3,260 4,942 3,042 1,562 338 4,338 4,207 15,955 5,142 3,643 7,169 6,450 4,960 338 3,545 950 4,773 10,027 10,620 18,458 134,533 74,484 6,591 8,559 553 1,915 2,329 791 28,722 23,125 5,283 12,646 5,197 1,899 60,049 1,483 3,339 5,326 2,469 2,410 447 5,682 5,891 18,240 6,840 3,937 7,462 7,816 6,988 1,597 4,080 1,082 4,202 12,282 12,827 NA 2Q 2005 2Q 2004 to 2Q 2005 1Q 2005 to 2Q 2005 2Q 2004 Income after income taxes1 Rate of change 1Q 2005 (million dollars) +17 +5 −9 +49 2 2 2Q 2005 2Q 2005 to 2Q 2005 4Q 2004 to 2Q 2005 (percent) +10 +15 2 (percent) 104,230 58,396 4,958 7,029 421 1,415 1,620 671 22,737 17,952 3,607 10,453 3,893 1,593 45,834 1,076 2,471 3,984 1,783 1,843 358 4,589 4,781 12,971 5,195 2,652 5,123 6,655 5,666 1,617 3,092 870 2,769 9,355 9,040 NA +10 +20 2 2 2 2 2 94,641 48,798 4,889 6,974 321 1,280 1,564 426 18,416 13,733 1,565 8,824 3,344 1,195 45,843 1,668 1,724 3,520 1,740 1,537 243 4,056 4,735 12,191 4,771 1,508 5,912 5,449 9,672 6,043 2,671 448 2,379 5,660 8,694 13,572 89,270 55,677 5,345 4,204 350 1,526 1,178 519 21,053 20,495 3,676 13,593 3,226 1,006 33,593 811 −3,621 3,617 2,145 1,187 286 3,460 3,500 11,280 4,076 2,540 4,664 5,444 4,837 1,131 2,859 765 3,499 7,310 7,211 12,296 +17 +5 2 −5 2 2 +67 2 2 +12 2 +55 2 +22 +20 +123 +5 +7 +22 +4 −28 +39 +20 2 +8 −9 +3 −20 +16 +63 +35 2 3 +57 +23 +31 +130 +18 +16 +33 2 +38 +29 +8 −12 −2 −23 +21 +58 +36 2 3 +35 +52 +14 2 +6 +14 +23 −6 +23 −34 −74 +25 +100 +31 +61 2 +8 −19 +54 +32 +31 +40 +14 +33 +8 2 −35 +43 +13 2 +20 +47 +13 2 +10 −17 +55 2 +21 +41 +372 +15 2 −12 +22 +21 NA +6 +9 +76 −13 +22 −41 −73 +16 +94 +16 +65 +4 NA +33 +37 +15 +27 2 +10 +22 +17 +43 +8 2 −21 +28 +25 NA NA xv U.S. Census Bureau TABLE B Profits per Dollar of Sales for Corporations in NAICS Manufacturing, Mining, and Trade, by Sector, Select Subsectors, and Select Industry Groups (Cents) Income before income taxes1 Industry 2Q 2004 9.8 10.7 6.2 24.9 3.4 8.4 5.1 4.0 12.2 13.3 5.4 20.7 11.4 4.2 8.9 10.6 9.4 10.0 10.4 10.3 6.7 8.7 8.1 13.3 15.5 12.8 12.3 13.2 5.2 4.1 7.1 3.7 11.5 25.8 3.4 5.0 3Q 2004 9.4 11.1 6.4 21.6 3.3 11.2 6.6 5.7 11.0 16.3 4.8 24.6 16.2 4.1 7.8 9.1 0.4 10.3 13.3 9.3 (2.6) 7.1 7.6 11.6 11.5 12.5 11.4 13.9 3.4 1.7 6.5 6.6 13.7 24.2 3.3 4.1 4Q 2004 8.5 9.9 6.7 18.0 1.3 9.7 0.9 3.1 13.1 11.2 1.3 12.6 19.9 3.3 7.2 4.1 5.1 8.9 10.2 10.0 (2.0) 5.3 5.7 13.6 18.2 11.9 11.1 14.4 1.7 0.3 4.6 3.6 13.6 25.5 2.7 5.6 1Q 2005 9.1 11.3 6.9 17.0 3.5 9.9 4.0 3.9 12.8 16.4 10.2 24.8 10.8 3.1 6.9 6.0 (14.3) 10.5 12.3 9.0 7.0 7.6 5.9 12.2 12.6 14.4 11.1 13.3 2.5 0.2 7.8 6.2 15.6 29.3 2.7 4.3 2Q 2005 9.8 10.9 6.2 22.7 4.5 8.5 6.1 4.7 11.3 14.6 10.4 20.2 11.5 4.8 8.7 7.0 11.6 10.9 9.9 13.3 8.1 9.2 7.5 13.5 16.5 14.4 11.3 14.9 3.3 1.1 8.2 6.8 13.3 33.2 3.2 NA 2Q 2004 7.6 8.1 4.7 19.3 2.5 6.3 3.8 2.7 9.6 9.5 3.6 15.2 7.9 3.2 7.1 8.6 6.7 7.9 7.7 8.9 5.5 7.1 6.5 9.5 12.3 6.0 9.1 11.3 4.7 4.0 5.8 3.0 8.5 19.1 2.3 3.3 Income after income taxes1 3Q 2004 7.2 8.6 5.0 15.8 2.3 8.6 4.4 4.5 8.8 12.7 4.3 19.1 12.2 2.9 5.8 7.4 (5.3) 7.7 9.6 7.7 (3.6) 6.0 5.9 8.6 9.4 8.2 8.4 12.1 2.5 1.2 5.2 5.7 10.2 17.8 2.3 2.7 4Q 2004 6.8 7.8 4.9 14.3 1.0 6.9 1.2 2.4 10.6 8.8 2.0 7.8 18.0 3.1 5.9 3.0 3.3 8.0 9.6 8.6 (2.4) 4.0 4.4 9.8 14.8 7.3 7.6 13.3 2.0 0.9 4.7 2.5 10.4 20.9 2.1 3.7 1Q 2005 7.0 8.9 5.1 12.4 2.9 7.2 3.2 3.1 10.1 13.2 7.3 21.2 7.8 2.7 5.2 4.5 (15.9) 7.7 8.7 6.8 5.9 6.1 4.9 8.6 10.0 10.0 7.2 11.2 2.4 0.8 6.3 5.0 11.5 21.4 1.9 2.9 2Q 2005 7.6 8.5 4.7 18.7 3.4 6.3 4.2 4.0 8.9 11.3 7.1 16.7 8.6 4.0 6.7 5.1 8.6 8.2 7.1 10.2 6.5 7.4 6.1 9.6 12.5 9.7 7.8 12.7 2.7 1.1 6.2 5.4 8.8 25.3 2.2 NA All manufacturing2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . All nondurable manufacturing . . . . . . . . . . . . . . . . Food . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beverage and tobacco products . . . . . . . . . . . Textile mills and textile product mills. . . . . . . . Apparel and leather products . . . . . . . . . . . . . . Paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Printing and related support activities. . . . . . . Petroleum and coal products . . . . . . . . . . . . . . Chemicals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Basic chemicals, resins, and synthetics3 . . . . . . . . . . . . . . . . . . . . . . . . . Pharmaceuticals and medicines3 . . . . . . . All other chemicals3 . . . . . . . . . . . . . . . . . . . Plastics and rubber products . . . . . . . . . . . . . . All durable manufacturing . . . . . . . . . . . . . . . . . . . Wood products . . . . . . . . . . . . . . . . . . . . . . . . . . Nonmetallic mineral products . . . . . . . . . . . . . . Primary metals . . . . . . . . . . . . . . . . . . . . . . . . . . Iron, steel, and ferroalloys3 . . . . . . . . . . . . Nonferrous metals3 . . . . . . . . . . . . . . . . . . . Foundries3 . . . . . . . . . . . . . . . . . . . . . . . . . . . Fabricated metal products . . . . . . . . . . . . . . . . Machinery. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Computer and eletronic products . . . . . . . . . . Computer and peripheral equipment3 . . . Communications equipment3 . . . . . . . . . . . All other electronic products3 . . . . . . . . . . . Electrical equipment, appliances, and components . . . . . . . . . . . . . . . . . . . . . . . . . . . Transportation equipment . . . . . . . . . . . . . . . . . Motor vehicles and parts3 . . . . . . . . . . . . . Aerospace products and parts3 . . . . . . . . . Furniture and related products. . . . . . . . . . . . . Miscellaneous manufacturing . . . . . . . . . . . . . . All mining2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All wholesale trade2 . . . . . . . . . . . . . . . . . . . . . . . . . . All retail trade2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Profit figures include net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes. Mining, wholesale, and retail trade data represent the quarterly results of companies with total assets over $50 million. Data for manufacturing corporations represent the quarterly results of companies with total assets over $250,000. 3 Included in subsector above. xvi U.S. Census Bureau TABLE C Profits per Dollar of Sales for Corporations in the NAICS Manufacturing Sector, by Size of Total Assets (Cents) Income before income taxes1 Size of Total Assets 2Q 2004 9.8 6.1 5.5 5.1 5.2 4.3 5.1 5.8 11.5 8.9 7.1 6.4 5.3 4.5 5.1 5.1 6.0 10.5 10.7 4.1 4.0 4.7 6.0 3.2 5.1 5.6 12.4 3Q 2004 9.4 5.3 4.9 5.9 5.9 4.0 4.8 4.9 11.1 7.8 5.9 4.7 6.5 5.8 3.8 5.2 5.6 9.0 11.1 3.9 5.3 5.1 6.0 4.4 4.3 3.6 13.1 4Q 2004 8.5 0.9 1.8 2.4 2.3 1.7 3.1 3.6 10.8 7.2 0.7 (0.2) 2.3 1.5 0.6 4.2 3.7 9.6 9.9 1.3 4.8 2.4 3.2 3.1 1.6 3.5 11.9 1Q 2005 9.1 6.1 4.6 4.6 2.7 2.9 3.4 4.9 10.8 6.9 6.4 4.9 4.8 2.1 3.1 3.7 5.0 8.1 11.3 5.7 4.1 4.5 3.6 2.8 2.9 4.7 13.3 2Q 2005 9.8 7.1 5.5 5.6 4.2 4.1 5.4 6.0 11.4 8.7 8.0 6.5 6.8 5.8 5.0 5.3 5.9 10.0 10.9 5.2 4.2 3.9 1.9 3.0 5.5 6.0 12.5 2Q 2004 7.6 5.7 4.9 4.4 4.2 3.0 3.6 3.8 8.9 7.1 6.6 5.7 4.6 3.4 3.6 3.4 4.1 8.4 8.1 3.6 3.7 4.0 5.0 2.3 4.0 3.3 9.4 Income after income taxes1 3Q 2004 7.2 4.8 4.1 5.1 4.9 3.0 3.4 3.0 8.5 5.8 5.5 4.0 5.5 4.5 2.4 3.5 3.5 6.7 8.6 3.3 4.3 4.6 5.4 3.7 3.2 2.0 10.1 4Q 2004 6.8 0.6 1.4 1.7 1.8 1.1 2.1 2.3 8.8 5.9 0.4 (0.8) 1.5 0.8 0.1 3.1 2.5 8.0 7.8 0.9 4.5 1.9 2.9 2.4 0.6 2.1 9.5 1Q 2005 7.0 5.6 4.0 3.7 2.1 2.0 2.3 3.2 8.4 5.2 5.8 4.2 3.6 1.4 1.9 2.5 3.1 6.1 8.9 5.2 3.6 3.8 3.0 2.2 2.0 3.3 10.4 2Q 2005 7.6 6.5 4.8 4.8 3.3 3.1 4.0 4.0 8.8 6.7 7.3 5.7 5.8 4.4 3.6 3.7 3.9 7.6 8.5 4.8 3.4 3.3 1.7 2.3 4.6 4.1 9.8 All manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Under $5 million . . . . . . . . . . . . . . . . . . . . . . . . . . $5 million to $10 million . . . . . . . . . . . . . . . . . . . . . $10 million to $25 million. . . . . . . . . . . . . . . . . . . . $25 million to $50 million. . . . . . . . . . . . . . . . . . . . $50 million to $100 million. . . . . . . . . . . . . . . . . . . $100 million to $250 million . . . . . . . . . . . . . . . . . $250 million to $1,000 million . . . . . . . . . . . . . . . . $1,000 million and over . . . . . . . . . . . . . . . . . . . . . All durable manufacturing . . . . . . . . . . . . . . . . . . . . . Under $5 million . . . . . . . . . . . . . . . . . . . . . . . . . . $5 million to $10 million . . . . . . . . . . . . . . . . . . . . . $10 million to $25 million. . . . . . . . . . . . . . . . . . . . $25 million to $50 million. . . . . . . . . . . . . . . . . . . . $50 million to $100 million. . . . . . . . . . . . . . . . . . . $100 million to $250 million . . . . . . . . . . . . . . . . . $250 million to $1,000 million . . . . . . . . . . . . . . . . $1,000 million and over . . . . . . . . . . . . . . . . . . . . . All nondurable manufacturing . . . . . . . . . . . . . . . . . . Under $5 million2 . . . . . . . . . . . . . . . . . . . . . . . . . . $5 million to $10 million . . . . . . . . . . . . . . . . . . . . . $10 million to $25 million. . . . . . . . . . . . . . . . . . . . $25 million to $50 million. . . . . . . . . . . . . . . . . . . . $50 million to $100 million. . . . . . . . . . . . . . . . . . . $100 million to $250 million . . . . . . . . . . . . . . . . . $250 million to $1,000 million . . . . . . . . . . . . . . . . $1,000 million and over . . . . . . . . . . . . . . . . . . . . . 1 2 2 2 Profit figures include net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes. Excludes manufacturing corporations with less than $250,000 in total assets at the time of sample selection. xvii U.S. Census Bureau TABLE D Annual Rates of Profit on Stockholders’ Equity for Corporations in NAICS Manufacturing, Mining, and Trade, by Sector, Select Subsectors, and Select Industry Groups (Percent) Income before income taxes1 Industry 2Q 2004 22.5 26.4 23.3 46.4 12.2 25.3 13.6 18.9 35.2 20.5 15.7 20.8 22.8 19.2 19.3 39.9 24.1 32.0 57.8 20.9 23.6 27.5 19.5 14.8 19.7 13.3 13.0 19.1 20.6 19.4 19.9 13.2 18.7 20.1 23.0 26.2 3Q 2004 21.2 27.0 23.8 37.4 11.5 37.8 17.8 26.7 32.3 24.0 13.9 24.4 30.1 18.8 16.3 36.9 1.2 31.0 64.8 17.1 (9.8) 22.0 17.8 13.1 14.9 13.0 12.1 19.9 12.3 7.5 17.8 24.0 22.8 19.2 21.9 21.6 4Q 2004 19.1 23.9 25.0 29.2 4.4 30.5 2.3 15.2 37.8 16.9 3.9 13.5 34.8 14.4 15.2 14.7 13.3 24.6 40.8 17.9 (8.1) 16.1 13.1 15.5 25.8 12.9 11.6 21.6 6.6 1.4 12.7 12.3 22.3 19.9 19.0 30.7 1Q 2005 19.9 26.9 24.4 25.9 11.7 28.2 10.1 18.1 36.6 25.3 30.9 25.6 20.2 13.6 14.1 21.1 (36.7) 29.1 47.5 16.8 27.1 23.4 12.8 13.2 16.1 14.7 11.1 18.4 9.4 1.1 19.7 21.1 24.5 22.8 17.9 22.0 2Q 2005 22.7 27.6 22.0 37.7 15.2 24.7 15.7 21.5 37.5 22.7 29.8 20.4 23.6 22.0 18.7 28.6 35.3 30.4 37.4 25.1 32.8 30.1 17.6 14.9 21.1 15.9 11.4 21.0 13.3 5.3 22.4 24.1 20.8 26.6 21.1 NA 2Q 2004 17.4 19.9 17.9 36.0 9.1 18.9 10.3 12.7 27.5 14.6 10.4 15.3 15.7 14.7 15.3 32.4 17.3 25.3 42.6 18.0 19.5 22.4 15.6 10.5 15.6 6.3 9.7 16.3 18.7 19.1 16.3 10.9 13.9 14.9 15.9 17.6 Income after income taxes1 3Q 2004 16.2 21.0 18.6 27.3 8.1 29.0 12.0 21.2 26.0 18.8 12.3 18.9 22.7 13.3 12.2 30.0 (15.7) 23.0 46.8 14.2 (13.4) 18.6 13.9 9.7 12.3 8.5 8.9 17.3 9.2 5.2 14.3 20.5 16.9 14.1 15.5 14.3 4Q 2004 15.4 19.0 18.4 23.1 3.4 21.8 2.9 11.9 30.6 13.3 5.7 8.4 31.5 13.4 12.3 10.8 8.5 22.2 38.4 15.5 (10.0) 12.0 10.0 11.3 21.0 7.9 7.9 20.0 7.9 4.3 13.1 8.3 17.0 16.3 14.3 20.1 1Q 2005 15.4 21.1 17.9 18.9 9.7 20.5 7.9 14.3 29.0 20.3 22.2 21.9 14.5 11.7 10.7 15.9 (40.7) 21.3 33.5 12.8 22.9 18.7 10.6 9.3 12.8 10.2 7.2 15.5 9.2 3.7 15.9 17.0 18.0 16.6 12.1 14.7 2Q 2005 17.6 21.6 16.5 31.0 11.5 18.2 10.9 18.2 29.7 17.6 20.3 16.8 17.7 18.4 14.2 20.7 26.1 22.7 27.0 19.2 26.3 24.3 14.3 10.6 16.0 10.7 7.8 17.9 10.8 5.4 17.0 19.4 13.7 20.3 14.9 NA All manufacturing2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . All nondurable manufacturing . . . . . . . . . . . . . . . . Food . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beverage and tobacco products . . . . . . . . . . . Textile mills and textile product mills. . . . . . . . Apparel and leather products . . . . . . . . . . . . . . Paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Printing and related support activities. . . . . . . Petroleum and coal products . . . . . . . . . . . . . . Chemicals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Basic chemicals, resins, and synthetics3 . . . . . . . . . . . . . . . . . . . . . . . . . Pharmaceuticals and medicines3 . . . . . . . All other chemicals3 . . . . . . . . . . . . . . . . . . . Plastics and rubber products . . . . . . . . . . . . . . All durable manufacturing . . . . . . . . . . . . . . . . . . . Wood products . . . . . . . . . . . . . . . . . . . . . . . . . . Nonmetallic mineral products . . . . . . . . . . . . . . Primary metals . . . . . . . . . . . . . . . . . . . . . . . . . . Iron, steel, and ferroalloys3 . . . . . . . . . . . . Nonferrous metals3 . . . . . . . . . . . . . . . . . . . Foundries3 . . . . . . . . . . . . . . . . . . . . . . . . . . . Fabricated metal products . . . . . . . . . . . . . . . . Machinery. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Computer and electronic products . . . . . . . . . Computer and peripheral equipment3 . . . Communications equipment3 . . . . . . . . . . . All other electronic products3 . . . . . . . . . . . Electrical equipment, appliances, and components . . . . . . . . . . . . . . . . . . . . . . . . . . . Transportation equipment . . . . . . . . . . . . . . . . . Motor vehicles and parts3 . . . . . . . . . . . . . . . Aerospace products and parts3 . . . . . . . . . . Furniture and related products. . . . . . . . . . . . . Miscellaneous manufacturing . . . . . . . . . . . . . . All mining2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All wholesale trade2 . . . . . . . . . . . . . . . . . . . . . . . . . . All retail trade2 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 Profit figures include net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes. Mining, wholesale, and retail trade data represent the quarterly results of companies with total assets over $50 million. Data for manufacturing corporations represent the quarterly results of companies with total assets over $250,000. 3 Included in subsector above. xviii U.S. Census Bureau TABLE E Annual Rates of Profit on Stockholders’ Equity for Corporations in the NAICS Manufacturing Sector, by Size of Total Assets (Percent) Income before income taxes1 Size of Total Assets 2Q 2004 22.5 42.1 26.3 21.2 22.2 14.9 14.8 15.5 23.1 19.3 47.3 30.0 19.9 16.4 17.7 13.7 15.3 19.1 26.4 30.3 20.1 24.2 30.8 11.2 17.1 15.9 27.7 3Q 2004 21.2 35.9 22.8 24.7 25.2 14.7 13.5 12.8 21.9 16.3 39.4 20.8 24.2 20.7 13.5 13.2 14.0 15.8 27.0 27.7 25.8 25.7 32.7 16.2 13.9 10.6 28.7 4Q 2004 19.1 6.7 9.1 9.8 9.5 5.7 9.1 9.2 21.4 15.2 5.1 (1.0) 8.1 5.1 1.7 10.9 8.7 17.3 23.9 10.1 23.9 13.6 17.0 11.6 5.5 10.1 25.9 1Q 2005 19.9 40.0 22.1 19.4 10.7 10.4 9.6 12.4 20.9 14.1 40.2 23.1 17.0 7.2 9.9 9.8 11.9 13.8 26.9 39.6 20.7 24.5 16.7 11.2 9.4 13.4 28.5 2Q 2005 22.7 44.8 28.9 23.0 18.4 14.8 16.5 16.0 23.2 18.7 48.4 31.6 23.7 23.0 16.3 14.9 14.7 18.0 27.6 36.0 24.4 21.4 9.5 12.2 19.4 18.5 28.8 2Q 2004 17.4 38.8 23.7 18.4 17.8 10.7 10.6 10.0 17.9 15.3 44.1 26.9 17.4 12.4 12.5 9.2 10.3 15.2 19.9 26.8 18.4 20.8 26.0 8.2 13.4 9.4 20.9 Income after income taxes1 3Q 2004 16.2 32.9 19.0 21.4 21.0 10.9 9.5 7.8 16.7 12.2 36.9 17.8 20.6 16.1 8.7 9.0 8.8 11.7 21.0 23.5 21.1 22.9 29.2 13.5 10.5 6.0 22.2 4Q 2004 15.4 4.3 6.8 7.1 7.4 3.8 6.1 5.9 17.4 12.3 3.0 (3.8) 5.3 3.0 0.2 8.0 5.7 14.4 19.0 7.1 22.4 11.0 15.2 8.9 2.3 6.2 20.7 1Q 2005 15.4 36.5 19.1 15.4 8.0 7.2 6.4 8.0 16.2 10.7 36.7 19.8 12.8 4.7 6.2 6.4 7.3 10.5 21.1 36.1 17.9 21.2 13.9 8.8 6.3 9.4 22.4 2Q 2005 17.6 40.8 25.1 19.7 14.5 10.9 12.4 10.7 18.0 14.2 43.9 28.1 20.4 17.5 11.9 10.4 9.8 13.6 21.6 33.4 20.0 17.8 8.7 9.2 16.1 12.6 22.6 All manufacturing. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Under $5 million . . . . . . . . . . . . . . . . . . . . . . . . . . $5 million to $10 million . . . . . . . . . . . . . . . . . . . . . $10 million to $25 million. . . . . . . . . . . . . . . . . . . . $25 million to $50 million. . . . . . . . . . . . . . . . . . . . $50 million to $100 million. . . . . . . . . . . . . . . . . . . $100 million to $250 million . . . . . . . . . . . . . . . . . $250 million to $1,000 million . . . . . . . . . . . . . . . . $1,000 million and over . . . . . . . . . . . . . . . . . . . . . All durable manufacturing . . . . . . . . . . . . . . . . . . . . . Under $5 million . . . . . . . . . . . . . . . . . . . . . . . . . . $5 million to $10 million . . . . . . . . . . . . . . . . . . . . . $10 million to $25 million. . . . . . . . . . . . . . . . . . . . $25 million to $50 million. . . . . . . . . . . . . . . . . . . . $50 million to $100 million. . . . . . . . . . . . . . . . . . . $100 million to $250 million . . . . . . . . . . . . . . . . . $250 million to $1,000 million . . . . . . . . . . . . . . . . $1,000 million and over . . . . . . . . . . . . . . . . . . . . . All nondurable manufacturing . . . . . . . . . . . . . . . . . . Under $5 million2 . . . . . . . . . . . . . . . . . . . . . . . . . . $5 million to $10 million . . . . . . . . . . . . . . . . . . . . . $10 million to $25 million. . . . . . . . . . . . . . . . . . . . $25 million to $50 million. . . . . . . . . . . . . . . . . . . . $50 million to $100 million. . . . . . . . . . . . . . . . . . . $100 million to $250 million . . . . . . . . . . . . . . . . . $250 million to $1,000 million . . . . . . . . . . . . . . . . $1,000 million and over . . . . . . . . . . . . . . . . . . . . . 1 2 2 2 Profit figures include net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes. Excludes manufacturing corporations with less than $250,000 in total assets at the time of sample selection. xix U.S. Census Bureau TABLE F Historical Rates of Return for Corporations in the NAICS Manufacturing Sector1 Annual rate of profit on stockholders’ equity (percent) Before taxes 1984 Q1 2 3 4 1985 Q1 2 3 4 1986 Q1 2 3 4 1987 Q1 2 3 4 1988 Q1 2 3 4 1989 Q1 2 3 4 1990 Q1 2 3 4 1991 Q1 2 3 4 1992 Q1 2 3 4 1993 Q1 2 3 4 1994 Q1 2 3 4 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... 20.0 22.6 17.8 16.4 16.5 17.3 15.4 14.1 14.4 17.7 13.9 13.2 17.2 21.3 21.6 16.7 21.8 24.5 22.3 21.3 21.5 21.4 18.5 13.9 15.5 19.1 15.8 10.3 10.2 12.3 10.3 4.4 (25.7) 16.1 14.0 6.9 4.4 14.4 14.3 12.1 18.6 23.6 23.3 22.2 After taxes 12.5 14.5 11.9 11.0 10.5 10.9 9.9 9.3 9.0 12.2 8.4 8.5 11.2 14.2 14.6 11.4 15.8 17.4 15.9 15.2 15.2 14.6 13.2 11.1 10.8 13.4 11.1 7.0 6.9 8.6 6.5 3.1 (17.5) 11.4 10.4 3.7 4.3 9.7 9.5 8.5 13.1 17.0 16.6 16.2 Profit per dollar of sales (cents) Before taxes 7.5 8.1 6.7 6.1 6.3 6.3 5.8 5.2 5.7 6.8 5.6 5.1 6.8 8.0 8.2 6.1 8.3 8.9 8.3 7.7 8.0 7.5 6.8 5.1 5.9 7.0 5.9 3.7 4.1 4.7 3.9 1.7 (9.6) 5.7 5.1 2.4 1.6 4.9 5.0 4.1 6.6 7.9 8.0 7.5 After taxes 4.7 1995 Q1. . . . . . . . . 5.2 2. . . . . . . . . 4.4 3. . . . . . . . . 4.1 4. . . . . . . . . 4.0 1996 Q1. . . . . . . . . 4.0 2. . . . . . . . . 3.7 3. . . . . . . . . 3.4 4. . . . . . . . . 3.6 1997 Q1. . . . . . . . . 4.7 2. . . . . . . . . 3.4 3. . . . . . . . . 3.3 4. . . . . . . . . 4.4 1998 Q1. . . . . . . . . 5.3 2. . . . . . . . . 5.6 3. . . . . . . . . 4.2 4. . . . . . . . . 6.0 1999 Q1. . . . . . . . . 6.3 2. . . . . . . . . 5.9 3. . . . . . . . . 5.5 4. . . . . . . . . 5.7 2000 Q1. . . . . . . . . 5.1 2. . . . . . . . . 4.9 3. . . . . . . . . 4.1 4. . . . . . . . . 4.1 2001 Q1. . . . . . . . . 4.9 2. . . . . . . . . 4.1 3. . . . . . . . . 2.5 4. . . . . . . . . 2.8 2002 Q1. . . . . . . . . 3.3 2. . . . . . . . . 2.5 3. . . . . . . . . 1.2 4. . . . . . . . . (6.5) 2003 Q1. . . . . . . . . 4.0 2. . . . . . . . . 3.8 3. . . . . . . . . 1.3 4. . . . . . . . . 1.5 2004 Q1. . . . . . . . . 3.3 2. . . . . . . . . 3.3 3. . . . . . . . . 2.9 4. . . . . . . . . 4.6 2005 Q1. . . . . . . . . 5.7 2. . . . . . . . . 5.6 5.5 2 Year and quarter Year and quarter Annual rate of profit on stockholders’ equity (percent) Before taxes 24.4 25.6 22.4 16.4 21.5 24.8 24.8 20.0 23.1 25.3 23.4 18.8 25.9 20.8 22.3 15.9 21.7 25.0 22.8 21.1 24.3 23.7 21.5 13.5 2.6 8.5 4.4 2.5 8.0 14.2 13.0 8.0 16.8 15.9 14.4 15.6 18.4 22.5 21.2 19.1 19.9 22.7 After taxes 17.4 18.5 16.0 12.2 15.6 17.7 18.3 15.1 17.0 18.3 16.8 14.7 20.0 14.9 16.5 11.8 15.9 18.2 16.7 15.1 18.0 17.2 15.7 9.1 0.0 5.2 2.1 0.5 5.5 10.2 8.8 5.4 12.6 11.9 10.8 13.2 14.3 17.4 16.2 15.4 15.4 17.6 Profit per dollar of sales (cents) Before taxes 8.6 8.9 8.0 5.7 7.9 8.7 8.9 7.2 8.8 9.3 8.8 6.9 10.1 7.7 8.4 5.9 8.4 9.2 8.7 8.0 9.6 9.4 8.7 5.5 1.1 3.6 1.9 1.1 3.6 6.0 5.5 3.3 7.2 7.0 6.3 7.2 8.5 9.8 9.4 8.5 9.1 9.8 After taxes 6.2 6.4 5.7 4.3 5.7 6.2 6.6 5.4 6.5 6.8 6.3 5.4 7.8 5.5 6.2 4.4 6.2 6.7 6.3 5.7 7.1 6.8 6.4 3.7 0.0 2.2 0.9 0.2 2.5 4.3 3.7 2.2 5.4 5.3 4.7 6.1 6.6 7.6 7.2 6.8 7.0 7.6 1 Data prior to and including third quarter 2000 are on a Standard Industrial Classification basis. Data subsequent are presented on a North American Industry Classification System basis. 2 Rates of return prior to fourth quarter 1997 do not include minority stockholders’ interest in the calculation. xx U.S. Census Bureau TABLE G Historical Rates of Return for Corporations in the NAICS Mining Sector Total Assets $50 Million and Over1 2 Year and quarter Annual rate of profit on stockholders’ equity (percent) Before taxes 1994 Q1 2 3 4 1995 Q1 2 3 4 1996 Q1 2 3 4 1997 Q1 2 3 4 1998 Q1 2 3 4 1999 Q1 2 3 4 2000 Q1 2 3 4 2001 Q1 2 3 4 2002 Q1 2 3 4 2003 Q1 2 3 4 2004 1Q 2 3 4 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... (3.9) 9.2 7.4 1.3 2.8 8.4 (6.1) 4.9 9.3 16.2 16.7 14.2 18.7 13.2 14.1 (0.2) 6.0 3.2 (1.4) (36.0) (4.1) 1.1 10.9 2.3 9.1 19.4 24.8 28.8 30.9 25.7 4.7 (3.1) 3.9 7.0 8.2 (5.0) 16.8 13.8 14.3 7.8 17.6 20.1 19.2 19.9 22.8 26.6 After taxes (5.7) 7.2 5.7 1.1 2.4 6.3 (4.2) 3.7 7.0 11.9 15.7 10.8 13.5 9.1 10.4 0.5 3.6 2.7 (0.1) (29.0) (3.6) 0.7 8.5 2.0 7.1 14.9 19.7 24.0 21.0 18.4 3.3 (2.8) 3.7 5.8 6.5 (5.8) 12.9 10.4 10.4 5.3 13.1 14.9 14.1 16.3 16.6 20.3 Profit per dollar of sales (cents) Before taxes (3.4) 7.9 6.3 1.1 2.7 7.7 (5.7) 4.4 8.5 14.6 15.4 12.7 18.0 13.5 14.5 (0.2) 6.2 3.2 (1.6) (34.4) (4.3) 1.1 10.3 2.1 8.5 17.9 23.5 24.0 25.4 25.4 5.5 (4.3) 5.9 9.3 11.0 (6.2) 19.7 17.1 18.1 9.9 22.9 25.8 24.2 25.5 29.3 33.2 After taxes (5.0) 6.1 4.8 0.9 2.3 5.8 (3.9) 3.3 6.4 10.7 14.5 9.7 13.0 9.3 10.7 0.4 3.7 2.7 (0.2) (27.7) (3.8) 0.7 8.1 1.8 6.5 13.8 18.6 20.0 17.3 18.1 3.9 (3.8) 5.6 7.7 8.7 (7.3) 15.1 12.8 13.2 6.7 16.9 19.1 17.8 20.9 21.4 25.3 2005 1Q . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ....................................... 1 Data prior to and including third quarter 2000 are on a Standard Industrial Classification basis. Data subsequent are presented on a North American Industry Classification System basis. 2 Rates of return prior to fourth quarter 1997 do not include minority stockholders’ interest in the calculation. xxi U.S. Census Bureau TABLE H Historical Rates of Return for Corporations in the NAICS Wholesale Trade Sector Total Assets $50 Million and Over1 2 Year and quarter Annual rate of profit on stockholders’ equity (percent) Before taxes 1994 Q1 2 3 4 1995 Q1 2 3 4 1996 Q1 2 3 4 1997 Q1 2 3 4 1998 Q1 2 3 4 1999 Q1 2 3 4 2000 Q1 2 3 4 2001 Q1 2 3 4 2002 Q1 2 3 4 2003 Q1 2 3 4 2004 Q1 2 3 4 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 12.1 14.1 1.2 11.3 13.0 14.0 14.2 14.8 16.5 15.8 15.8 15.3 15.5 17.6 19.1 13.9 12.9 14.7 14.9 10.1 12.7 14.8 16.2 12.8 18.1 16.4 16.5 13.5 8.6 12.0 8.8 9.9 12.3 17.1 15.1 13.9 12.1 14.6 16.8 15.0 17.8 23.0 21.9 19.0 17.9 21.1 After taxes 8.1 9.3 (3.3) 6.7 8.6 8.7 9.6 9.7 10.6 10.0 10.2 9.1 10.2 11.8 12.5 8.5 7.8 9.4 10.2 6.7 7.8 9.7 11.0 7.3 10.9 10.0 10.0 7.7 4.8 6.7 5.0 5.3 8.1 12.0 9.8 9.0 8.1 9.5 11.9 7.8 13.3 15.9 15.5 14.3 12.1 14.9 Profit per dollar of sales (cents) Before taxes 1.6 1.9 0.2 1.4 1.7 1.8 1.9 1.9 2.1 2.0 2.1 2.0 2.1 2.5 2.8 2.0 2.0 2.2 2.2 1.5 2.0 2.3 2.4 1.8 2.6 2.4 2.4 1.9 1.3 1.8 1.4 1.5 2.0 2.7 2.3 2.1 1.9 2.2 2.6 2.2 2.7 3.4 3.3 2.7 2.7 3.2 After taxes 1.1 1.2 (0.4) 0.8 1.1 1.1 1.3 1.2 1.4 1.3 1.3 1.2 1.4 1.7 1.8 1.2 1.2 1.4 1.5 1.0 1.2 1.5 1.7 1.0 1.6 1.4 1.5 1.1 0.7 1.0 0.8 0.8 1.3 1.9 1.5 1.4 1.3 1.5 1.8 1.1 2.0 2.3 2.3 2.1 1.9 2.2 2005 Q1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ....................................... 1 Data prior to and including third quarter 2000 are on a Standard Industrial Classification basis. Data subsequent are presented on a North American Industry Classification System basis. 2 Rates of return prior to fourth quarter 1997 do not include minority stockholders’ interest in the calculation. xxii U.S. Census Bureau TABLE I Historical Rates of Return for Corporations in the NAICS Retail Trade Sector Total Assets $50 Million and Over1 2 Year and quarter Annual rate of profit on stockholders’ equity (percent) Before taxes 1994 Q1 2 3 4 1995 Q1 2 3 4 1996 Q1 2 3 4 1997 Q1 2 3 4 1998 Q1 2 3 4 1999 Q1 2 3 4 2000 Q1 2 3 4 2001 Q1 2 3 4 2002 Q1 2 3 4 2003 Q1 2 3 4 2004 Q1 2 3 4 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 14.9 19.8 19.1 33.5 13.6 16.5 15.7 21.0 12.9 16.7 19.0 25.7 14.6 14.9 17.9 29.4 19.0 24.3 18.6 31.3 19.9 22.0 23.2 32.6 17.9 18.4 15.2 25.5 16.7 15.0 14.7 23.7 19.0 22.3 19.4 25.6 23.1 21.1 20.3 33.9 23.0 26.2 21.6 30.7 22.0 NA After taxes 8.5 12.7 11.5 20.6 8.7 10.1 9.7 11.5 7.7 10.0 12.0 15.6 8.6 8.8 11.1 18.6 11.5 16.1 10.7 19.3 12.0 13.0 14.3 20.0 10.0 10.6 8.2 15.0 10.1 9.0 8.5 12.7 11.3 14.6 11.9 14.6 16.3 13.6 13.1 19.9 15.0 17.6 14.3 20.1 14.7 NA Profit per dollar of sales (cents) Before taxes 2.4 3.2 3.1 5.0 2.4 2.7 2.6 3.1 2.2 2.8 3.2 3.9 2.6 2.6 3.1 4.7 3.5 4.4 3.3 5.1 3.7 4.0 4.3 5.5 3.3 3.3 2.8 4.1 3.0 2.7 2.7 3.9 3.6 4.2 3.7 4.5 4.5 4.1 3.9 5.9 4.4 5.0 4.1 5.6 4.3 NA After taxes 1.4 2.0 1.8 3.1 1.5 1.7 1.6 1.7 1.3 1.7 2.0 2.4 1.5 1.5 2.0 3.0 2.1 2.9 1.9 3.1 2.2 2.4 2.6 3.4 1.9 1.9 1.5 2.4 1.8 1.6 1.6 2.1 2.1 2.7 2.3 2.5 3.2 2.6 2.5 3.5 2.9 3.3 2.7 3.7 2.9 NA 2005 Q1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ....................................... 1 Data prior to and including third quarter 2000 are on a Standard Industrial Classification basis. Data subsequent are presented on a North American Industry Classification System basis. 2 Rates of return prior to fourth quarter 1997 do not include minority stockholders’ interest in the calculation. xxiii U.S. Census Bureau TABLE J Composition of the Sample, by NAICS Sector and Size of Total Assets Manufacturing1 Size of Total assets Total assets3 Million dollars All asset sizes. . . . . . . . . . . . . . . . . . . . . . . . Under $10 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10 million and over . . . . . . . . . . . . . . . . . . . . . . . . $10 million to $25 million. . . . . . . . . . . . . . . . . . . . $25 million to $50 million. . . . . . . . . . . . . . . . . . . . $50 million to $100 million. . . . . . . . . . . . . . . . . . . $100 million to $250 million . . . . . . . . . . . . . . . . . $250 million to $1,000 million . . . . . . . . . . . . . . . . $1,000 million and over . . . . . . . . . . . . . . . . . . . . . 5,674,858 168,914 5,505,944 85,066 72,975 91,322 137,227 419,891 4,699,464 Percent 100 3 97 1 1 2 2 7 83 Wholesale trade2 Total assets3 Million dollars All asset sizes. . . . . . . . . . . . . . . . . . . . . . . . Under $10 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . $10 million and over . . . . . . . . . . . . . . . . . . . . . . . . $10 million to $25 million. . . . . . . . . . . . . . . . . . . . $25 million to $50 million. . . . . . . . . . . . . . . . . . . . $50 million to $100 million. . . . . . . . . . . . . . . . . . . $100 million to $250 million . . . . . . . . . . . . . . . . . $250 million to $1,000 million . . . . . . . . . . . . . . . . $1,000 million and over . . . . . . . . . . . . . . . . . . . . . 1 2 3 Mining2 Number of active corps. in sample4 6,814 3,077 3,737 849 491 474 537 761 625 Total assets3 Million dollars 378,007 1 378,006 298 879 3,092 9,625 35,226 328,887 Percent 100 0 100 0 0 1 3 9 87 Retail trade2 Number of active corps. in sample6 964 26 938 28 94 221 223 260 112 Total assets3 Million dollars 801,001 90 800,911 636 3,289 12,717 24,916 75,342 684,010 Percent 100 0 100 0 0 2 3 9 85 8 Number of active corps. in sample5 207 1 206 9 11 23 36 55 72 Percent 100 0 100 0 1 5 8 21 64 Number of active corps. in sample7 511 17 494 16 34 87 96 143 118 642,224 309 641,914 1,286 9,206 31,680 52,108 135,177 412,456 Includes manufacturing corporations with total assets $250 thousand and over. Includes mining and trade corporations with total assets $50 million and over. Estimated universe total; figures are rounded and will not necessarily add to totals. 4 Drawn from a universe of approximately 151,700. 5 Drawn from a universe of approximately 400. 6 Drawn from a universe of approximately 1,700. 7 Drawn from a universe of approximately 1,000. 8 Composition of sample, first quarter 2005, revised. xxiv U.S. Census Bureau TABLE K Sampling Variability for Corporations in NAICS Manufacturing, Mining, and Trade, by Sector, Select Subsectors, and Select Industry Groups Relative Standard Error in percent1 Industry Net sales All manufacturing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All nondurable manufacturing . . . . . . . . . . . . . . . . . . . . . Food . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Beverage and tobacco products . . . . . . . . . . . . . . . . Textile mills and textile product mills . . . . . . . . . . . . Apparel and leather products . . . . . . . . . . . . . . . . . . Paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Printing and related support activities . . . . . . . . . . . Petroleum and coal products . . . . . . . . . . . . . . . . . . Chemicals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Basic chemicals, resins, and synthetics3 . . . . . Pharmaceuticals and medicines3 . . . . . . . . . . . . All other chemicals3 . . . . . . . . . . . . . . . . . . . . . . . Plastics and rubber products. . . . . . . . . . . . . . . . . . . All durable manufacturing . . . . . . . . . . . . . . . . . . . . . . . . . Wood products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonmetallic mineral products . . . . . . . . . . . . . . . . . . Primary metals . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Iron, steel, and ferroalloys3 . . . . . . . . . . . . . . . . . Nonferrous metals3 . . . . . . . . . . . . . . . . . . . . . . . . Foundries3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Fabricated metal products . . . . . . . . . . . . . . . . . . . . . Machinery . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Computer and electronic products . . . . . . . . . . . . . . Computer and peripheral equipment3 . . . . . . . . Communications equipment3 . . . . . . . . . . . . . . . All other electronic products3 . . . . . . . . . . . . . . . Electrical equipment, appliances, and components . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Transportation equipment . . . . . . . . . . . . . . . . . . . . . Motor vehicles and parts3 . . . . . . . . . . . . . . . . . . Aerospace products and parts3 . . . . . . . . . . . . . Furniture and related products . . . . . . . . . . . . . . . . . Miscellaneous manufacturing . . . . . . . . . . . . . . . . . . All mining . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All wholesale trade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All retail trade . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Standard Error in million dollars2 Total assets 0.1 0.2 0.7 0.3 2.9 1.9 0.5 2.3 0.1 0.2 0.3 0.3 0.5 1.2 0.2 4.7 0.8 0.7 1.5 0.6 2.8 1.1 0.6 0.3 0.6 0.6 0.4 0.5 0.2 0.3 0.1 2.6 1.2 0.0 0.3 0.0 Income before income taxes 641 351 211 39 69 103 47 65 63 186 27 159 91 129 536 263 126 77 51 41 41 234 169 235 92 130 173 95 142 110 38 76 150 10 68 000 Depreciation 0.3 0.4 1.4 1.2 3.7 3.8 0.7 3.9 0.1 0.4 0.7 0.4 1.1 2.5 0.4 4.5 1.4 1.8 2.9 2.4 7.0 2.6 1.6 0.6 0.8 1.3 0.8 1.5 0.6 0.8 0.4 3.1 2.1 0.0 0.3 0.0 Inventories 0.4 0.5 1.6 1.3 3.0 3.1 1.7 4.9 0.5 0.6 0.9 0.8 1.7 1.9 0.5 9.7 1.7 1.8 2.6 2.5 4.7 2.2 1.4 0.8 1.4 2.6 1.0 1.5 0.7 1.2 0.4 4.8 2.2 0.1 0.4 0.0 0.2 0.3 1.1 0.7 3.3 3.3 1.0 2.8 0.3 0.5 0.7 0.7 1.1 1.7 0.3 4.4 1.4 1.2 1.8 1.6 4.1 1.6 0.9 0.7 0.6 2.8 0.9 1.1 0.3 0.4 0.2 3.2 1.9 0.1 0.4 0.0 The Relative Standard Error (RSE) for the item ‘‘Income before income taxes’’ is more volatile than for the other items shown on this table. This is due in part to the fact that ‘‘Income before income taxes’’ can be negative. Aggregation of positive and negative values may result in totals which approach zero and cause the RSE’s to rapidly increase. Therefore, the Standard Error (SE) is provided as a measure of precision for this item and should show consistency from quarter to quarter. For information on the meaning and use of the RSE and SE, see the Survey Methodology Section (page x) in the Introduction. 2 Second quarter 2005. 3 Included in subsector above. xxv U.S. Census Bureau TABLE L Seasonally Adjusted Net Sales and Net Income After Tax for Corporations in the NAICS Manufacturing Sector1 (Millions of dollars) Industry group and year Q1 All manufacturing: 1994. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1995. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1996. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1997. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1998. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1999. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2001. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2002. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2003. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2004. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2005. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All nondurable manufacturing: 1994. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1995. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1996. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1997. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1998. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1999. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2001. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2002. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2003. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2004. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2005. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All durable manufacturing: 1994. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1995. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1996. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1997. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1998. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1999. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2000. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2001. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2002. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2003. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2004. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2005. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Net sales Q2 Q3 Q4 Q1 Net income after tax Q2 Q3 Q4 784,577 871,485 914,399 965,958 989,751 1,002,883 1,120,036 1,115,031 1,024,043 1,100,325 1,180,421 1,308,109 802,957 872,455 932,046 971,460 980,838 1,025,571 1,126,495 1,090,971 1,044,797 1,067,655 1,214,753 1,335,520 825,240 883,442 948,117 986,338 985,401 1,047,374 1,144,695 1,059,734 1,066,718 1,109,037 1,252,255 841,813 900,163 962,130 996,580 995,207 1,073,592 1,123,571 1,031,294 1,081,187 1,117,143 1,285,895 36,439 52,835 51,287 60,849 74,878 60,167 77,723 573 25,767 59,571 76,955 91,263 41,085 51,852 53,818 61,666 48,835 63,014 70,447 15,500 37,404 49,164 86,477 96,607 45,485 49,425 61,299 61,951 61,265 67,279 74,821 12,235 42,675 54,991 91,670 52,048 44,186 58,687 60,263 49,650 67,482 47,215 7,752 34,087 72,951 92,006 387,310 425,788 442,317 463,300 452,177 445,461 507,029 508,119 463,510 540,020 570,228 648,175 394,680 427,368 451,841 455,726 445,336 452,041 513,484 503,678 474,925 508,856 586,871 667,556 405,666 430,760 457,605 461,053 443,191 460,664 527,452 489,223 498,609 535,172 607,648 410,063 436,300 463,738 464,734 441,192 476,908 505,957 473,825 519,274 530,436 631,614 18,994 25,875 28,024 33,383 29,767 26,510 37,585 31,817 26,958 43,888 41,264 55,882 19,818 28,195 28,314 30,682 28,458 28,727 38,230 33,603 28,301 33,377 46,553 56,609 22,448 27,593 32,136 30,556 30,972 31,654 37,618 27,638 31,569 30,414 52,233 26,559 22,247 30,439 28,678 17,543 30,672 28,971 19,238 31,749 41,133 51,424 397,267 445,697 472,082 502,658 537,574 557,422 613,007 606,911 560,533 560,304 610,193 659,934 408,277 445,087 480,206 515,733 535,502 573,530 613,010 587,294 569,871 558,799 627,883 667,964 419,574 452,682 490,512 525,284 542,209 586,710 617,243 570,511 568,109 573,865 644,606 431,750 463,863 498,391 531,846 554,015 596,684 617,614 557,469 561,913 586,707 654,282 17,445 26,960 23,263 27,466 45,111 33,657 40,139 (31,244) (1,191) 15,683 35,691 35,380 21,267 23,657 25,504 30,985 20,377 34,288 32,217 (18,103) 9,103 15,786 39,924 39,998 23,037 21,832 29,162 31,395 30,293 35,624 37,203 (15,403) 11,106 24,577 39,437 25,489 21,939 28,248 31,585 32,107 36,810 18,245 (11,486) 2,338 31,818 40,582 The seasonally adjusted estimates presented in this table were derived using a combination of SIC-based and NAICS-based estimates. NOTE: Seasonally adjusted estimates are the result of removing normal seasonal patterns from an unadjusted data series to bring out underlying trends. The seasonally adjusted estimates are computed using the X-12 ARIMA seasonal adjustment program. Further information on the X-12 ARIMA may be obtained from the Associate Director for Statistical Design, Methodology, and Standards, U.S. Census Bureau, Washington, DC 20233. xxvi U.S. Census Bureau Guide to Quarterly Financial Statistics Table no. Title ALL MANUFACTURING 1.0 1.1 18.0 18.1 51.0 51.1 52.0 52.1 53.0 53.1 54.0 54.1 55.0 55.1 56.0 56.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total and with assets under $5 million, $5-$10 million, $10-$25 million. . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $5 million, $5-$10 million, $10-$25 million . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25-$50 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25-$50 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $50-$100 million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50-$100 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $100-$250 million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $100-$250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $250 million-$1 billion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $250 million-$1 billion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $1 billion and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $1 billion and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL NONDURABLE MANUFACTURING 1.0 1.1 19.0 19.1 51.0 51.1 52.0 52.1 53.0 53.1 54.0 54.1 55.0 55.1 56.0 56.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total and with assets under $5 million, $5-$10 million, $10-$25 million. . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $5 million, $5-$10 million, $10-$25 million . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25-$50 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25-$50 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $50-$100 million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50-$100 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $100-$250 million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $100-$250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $250 million-$1 billion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $250 million-$1 billion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $1 billion and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $1 billion and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FOOD (NAICS 311) 2.0 2.1 21.0 21.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BEVERAGE AND TOBACCO PRODUCTS (NAICS 312) 2.0 2.1 22.0 22.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TEXTILE MILLS AND TEXTILE PRODUCT MILLS (NAICS 313 and 314) 3.0 3.1 23.0 23.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . APPAREL AND LEATHER PRODUCTS (NAICS 315 and 316) 3.0 3.1 24.0 24.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 13 88 89 10,11 12,13 86 87 7 9 84 85 6, 7 8, 9 82 83 3 5 74, 75 76, 77 143 145 147 149 151 153 155 157 159 161 163 165 2, 3 4, 5 70, 71 72, 73 142 144 146 148 150 152 154 156 158 160 162 164 Page(s) xxvii U.S. Census Bureau Guide to Quarterly Financial Statistics—Con. Table no. Title PAPER (NAICS 322) 4.0 4.1 25.0 25.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total and with assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PRINTING AND RELATED SUPPORT ACTIVITIES (NAICS 323) 4.0 4.1 26.0 26.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PETROLEUM AND COAL PRODUCTS (NAICS 324) 5.0 5.1 27.0 27.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CHEMICALS (NAICS 325) 5.0 5.1 28.0 28.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BASIC CHEMICALS, RESINS, AND SYNTHETICS (NAICS 3251 and 3252) 6.0 6.1 29.0 29.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PHARMACEUTICALS AND MEDICINES (NAICS 3254) 6.0 6.1 30.0 30.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL OTHER CHEMICALS (NAICS 3253, 3255, 3256, and 3259) 7.0 7.1 31.0 31.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PLASTICS AND RUBBER PRODUCTS (NAICS 326) 7.0 7.1 32.0 32.1 Income Statement—Total assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 29 104 105 26, 27 28, 29 102 103 23 25 100 101 22, 23 24, 25 98 99 19 21 96 97 18, 19 20, 21 94 95 15 17 92 93 14, 15 16, 17 90 91 Page(s) xxviii U.S. Census Bureau Guide to Quarterly Financial Statistics—Con. Table no. Title ALL DURABLE MANUFACTURING 8.0 8.1 20.0 20.1 51.0 51.1 52.0 52.1 53.0 53.1 54.0 54.1 55.0 55.1 56.0 56.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total and with assets under $5 million, $5-$10 million, $10-$25 million. . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $5 million, $5-$10 million, $10-$25 million . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25-$50 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25-$50 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $50-$100 million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50-$100 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $$100-$250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $100-$250 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $250 million-$1 billion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $250 million-$1 billion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $1 billion and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $1 billion and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . WOOD PRODUCTS (NAICS 321) 8.0 8.1 33.0 33.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NONMETALLIC MINERAL PRODUCTS (NAICS 327) 9.0 9.1 34.0 34.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PRIMARY METALS (NAICS 331) 9.0 9.1 35.0 35.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . IRON, STEEL, AND FERROALLOYS (NAICS 3311 and 3312) 10.0 10.1 36.0 36.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NONFERROUS METALS (NAICS 3313 and 3314) 10.0 10.1 37.0 37.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FOUNDRIES (NAICS 3315) 11.0 11.1 38.0 38.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FABRICATED METAL PRODUCTS (NAICS 332) 11.0 11.1 39.0 39.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43 45 118 119 42, 43 44, 45 116 117 39 41 114 115 38, 39 40, 41 112 113 35 37 110 111 34, 35 36, 37 108 109 31 33 106 107 30, 31 32, 33 78, 79 80, 81 143 145 147 149 151 153 155 157 159 161 163 165 Page(s) xxix U.S. Census Bureau Guide to Quarterly Financial Statistics—Con. Table no. Title MACHINERY (NAICS 333) 12.0 12.1 40.0 40.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COMPUTER AND ELECTRONIC PRODUCTS (NAICS 334) 12.0 12.1 41.0 41.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COMPUTER AND PERIPHERAL EQUIPMENT (NAICS 3341) 13.0 13.1 42.0 42.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . COMMUNICATIONS EQUIPMENT (NAICS 3342) 13.0 13.1 43.0 43.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL OTHER ELECTRONIC PRODUCTS (NAICS 3343-3346) 14.0 14.1 44.0 44.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ELECTRICAL EQUIPMENT, APPLIANCES, AND COMPONENTS (NAICS 335) 14.0 14.1 45.0 45.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TRANSPORTATION EQUIPMENT (NAICS 336) 15.0 15.1 46.0 46.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . MOTOR VEHICLES AND PARTS (NAICS 3361-3363) 15.0 15.1 47.0 47.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 59 61 134 135 58, 59 60, 61 132 133 55 57 130 131 54, 55 56, 57 128 129 51 53 126 127 50, 51 52, 53 124 125 47 49 122 123 46, 47 48, 49 120 121 Page(s) xxx U.S. Census Bureau Guide to Quarterly Financial Statistics—Con. Table no. Title AEROSPACE PRODUCTS AND PARTS (NAICS 3364) 16.0 16.1 48.0 48.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FURNITURE AND RELATED PRODUCTS (NAICS 337) 16.0 16.1 49.0 49.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . MISCELLANEOUS MANUFACTURING (NAICS 339) 17.0 17.1 50.0 50.1 Income Statement—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total and with assets under $25 million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $25 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL MINING 57.0 57.1 Income Statement—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL WHOLESALE TRADE 57.0 57.1 Income Statement—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . WHOLESALE TRADE, DURABLE GOODS (NAICS 421) 57.0 57.1 Income Statement—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . WHOLESALE TRADE, NONDURABLE GOODS (NAICS 422) 57.0 57.1 Income Statement—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL RETAIL TRADE 58.0 58.1 Income Statement—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FOOD AND BEVERAGE STORES (NAICS 445) 58.0 58.1 Income Statement—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . CLOTHING AND GENERAL MERCHANDISE STORES (NAICS 448 and 452) 58.0 58.1 Income Statement—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL OTHER RETAIL TRADE 58.0 58.1 Income Statement—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Assets $50 million and over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 171 173 171 173 171 173 170 172 167 169 167 169 167 169 166 168 66, 67 68, 69 140 141 63 65 138 139 62, 63 64, 65 136 137 Page(s) xxxi U.S. Census Bureau FINANCIAL DATA TABLES Some data in these tables are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 1 U.S. Census Bureau Table 1.0—Income Statement For Corporations in the NAICS Manufacturing Sector and Nondurable Manufacturing Subsectors All Manufacturing Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 3.1 89.9 7.0 1.6 4.4 9.8 2.2 7.6 100.0 3.1 89.8 7.0 1.7 4.0 9.4 2.2 7.2 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.30 0.28 1.71 1.28 0.28 1.74 1.29 0.29 1.81 1.29 0.27 1.80 1.30 0.28 1.83 22.46 17.39 9.10 7.05 21.16 16.15 8.64 6.59 19.13 15.35 7.93 6.36 19.92 15.41 8.25 6.38 22.74 17.62 9.48 7.35 100.0 3.1 91.0 5.9 1.7 4.3 8.5 1.7 6.8 100.0 3.1 90.4 6.5 1.6 4.2 9.1 2.1 7.0 100.0 2.9 90.2 7.0 1.6 4.4 9.8 2.2 7.6 1,248,717 38,741 1,122,437 87,539 20,004 54,731 122,267 27,625 94,641 37,143 57,498 1,095,571 (13,678) 1,139,392 1,251,141 39,309 1,123,645 88,187 20,670 50,019 117,535 27,860 89,676 32,356 57,319 1,141,923 (8,586) 1,190,656 1,289,311 40,378 1,173,455 75,478 21,282 55,413 109,609 21,677 87,933 40,279 47,653 1,192,699 (12,390) 1,227,962 1,269,378 39,248 1,147,386 82,743 20,906 53,515 115,352 26,082 89,270 45,813 43,457 1,233,581 (27,817) 1,249,221 1,372,396 39,272 1,237,378 95,746 21,311 60,099 134,533 30,303 104,230 37,449 66,781 1,255,253 (9,933) 1,312,100 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 2 U.S. Census Bureau All Manufacturing Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 All Nondurable Manufacturing 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 All Nondurable Manufacturing Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 134,537 3,274 122,227 9,035 1,222 (160) 7,652 732 6,921 4,145 2,776 49,874 (1,444) 51,206 136,042 3,369 123,782 8,891 1,277 (300) 7,315 844 6,470 3,081 3,389 49,153 (199) 52,343 132,933 3,491 125,715 3,726 1,344 (366) 2,016 596 1,420 3,475 (2,055) 49,105 (296) 46,754 132,061 3,186 120,727 8,148 1,255 207 7,100 893 6,207 4,312 1,895 48,531 (655) 49,771 140,825 3,295 127,315 10,215 1,307 17 8,924 992 7,932 4,933 2,999 50,027 (357) 52,668 604,129 18,119 539,060 46,950 10,379 28,022 64,592 15,794 48,798 23,629 25,169 693,907 (7,481) 711,595 (million dollars) 612,653 18,673 546,235 47,744 10,695 30,829 67,878 15,259 52,619 20,859 31,760 711,526 (3,622) 739,665 627,791 19,100 565,323 43,368 10,918 29,464 61,913 12,741 49,173 26,226 22,947 737,787 (3,028) 757,707 628,330 18,524 558,706 51,101 10,705 30,568 70,964 15,287 55,677 31,708 23,969 755,692 (7,104) 772,557 685,827 18,407 612,189 55,231 10,978 30,231 74,484 16,088 58,396 22,428 35,968 773,045 (2,892) 806,121 48,357 1,200 44,579 2,579 422 (104) 2,053 239 1,814 1,252 562 21,906 (639) 21,829 (million dollars) 49,612 1,235 45,440 2,938 452 (180) 2,305 335 1,970 946 1,025 22,103 7 23,135 49,435 1,280 46,472 1,683 475 32 1,240 193 1,047 1,167 (120) 21,806 (15) 21,671 49,048 1,196 45,242 2,610 464 277 2,423 266 2,157 1,567 590 21,396 (234) 21,752 51,463 1,192 47,291 2,980 484 (148) 2,348 290 2,058 1,393 665 21,684 (35) 22,314 (percent of net sales) 100.0 2.4 90.9 6.7 0.9 (0.1) 5.7 0.5 5.1 100.0 2.5 91.0 6.5 0.9 (0.2) 5.4 0.6 4.8 (percent) 100.0 2.6 94.6 2.8 1.0 (0.3) 1.5 0.4 1.1 100.0 2.4 91.4 6.2 1.0 0.2 5.4 0.7 4.7 100.0 2.3 90.4 7.3 0.9 0.0 6.3 0.7 5.6 100.0 3.0 89.2 7.8 1.7 4.6 10.7 2.6 8.1 (percent of net sales) 100.0 3.0 89.2 7.8 1.7 5.0 11.1 2.5 8.6 (percent) 100.0 3.0 90.0 6.9 1.7 4.7 9.9 2.0 7.8 100.0 2.9 88.9 8.1 1.7 4.9 11.3 2.4 8.9 100.0 2.7 89.3 8.1 1.6 4.4 10.9 2.3 8.5 100.0 2.5 92.2 5.3 0.9 (0.2) 4.2 0.5 3.8 (percent of net sales) 100.0 2.5 91.6 5.9 0.9 (0.4) 4.6 0.7 4.0 (percent) 100.0 2.6 94.0 3.4 1.0 0.1 2.5 0.4 2.1 100.0 2.4 92.2 5.3 0.9 0.6 4.9 0.5 4.4 100.0 2.3 91.9 5.8 0.9 (0.3) 4.6 0.6 4.0 30.73 27.79 12.43 11.24 28.53 25.23 11.65 10.31 8.40 5.92 3.32 2.34 28.34 24.78 11.38 9.95 33.37 29.66 14.06 12.49 26.38 19.93 10.40 7.86 27.03 20.96 10.70 8.30 23.91 18.99 9.60 7.63 26.91 21.11 10.87 8.53 27.61 21.64 11.26 8.83 25.21 22.27 9.74 8.61 26.42 22.58 10.49 8.96 15.43 13.03 5.91 4.99 29.29 26.08 11.16 9.93 27.88 24.44 10.79 9.46 1.84 0.36 1.20 1.85 0.36 1.22 1.81 0.34 1.14 1.83 0.34 1.18 1.91 0.36 1.24 1.20 0.20 1.39 1.20 0.22 1.42 1.20 0.23 1.47 1.23 0.23 1.48 1.22 0.23 1.52 1.71 0.30 1.03 1.75 0.31 1.07 1.70 0.30 1.02 1.70 0.29 1.02 1.77 0.31 1.03 3 U.S. Census Bureau Table 1.1—Balance Sheet For Corporations in the NAICS Manufacturing Sector and Nondurable Manufacturing Subsectors All Manufacturing Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.6 10.1 8.9 30.6 20.6 4.2 23.6 19.5 59.5 40.5 6.6 10.2 9.0 30.9 20.2 4.3 24.0 19.2 59.2 40.8 6.9 9.9 8.9 30.6 20.1 4.2 23.8 18.7 58.6 41.4 6.5 10.2 9.2 30.9 19.9 4.4 24.0 18.6 58.6 41.4 6.7 10.5 9.2 31.4 19.7 4.3 24.3 18.5 58.3 41.7 376,481 372,662 378,196 385,025 407,098 48,455 88,169 365,606 61,449 28,918 61,946 613,740 1,268,284 270,175 779,062 877,062 3,194,583 1,037,741 1,139,392 2,177,132 5,371,716 52,897 86,836 375,507 66,906 31,690 63,457 630,990 1,308,282 270,414 774,685 869,672 3,223,053 1,030,665 1,190,656 2,221,322 5,444,375 48,515 85,842 384,775 58,695 30,992 67,725 640,274 1,316,818 265,374 767,501 890,428 3,240,121 1,063,979 1,227,962 2,291,941 5,532,062 54,685 91,731 392,025 65,183 34,730 65,712 640,358 1,344,425 268,604 770,320 895,898 3,279,247 1,067,384 1,249,221 2,316,605 5,595,851 52,257 90,081 407,133 63,801 33,814 67,443 662,016 1,376,545 272,080 777,503 882,483 3,308,611 1,054,147 1,312,100 2,366,247 5,674,858 179,915 26,873 206,788 146,096 352,884 542,313 477,644 271,924 1,644,765 2,292,764 100,525 1,287,285 1,106,004 2,620,946 5,371,716 2Q 2004 3Q 2004 (million dollars) 181,894 35,851 217,745 143,981 361,726 556,784 489,678 272,756 1,680,944 2,297,192 98,897 1,295,162 1,100,927 2,662,504 5,444,375 185,085 31,444 216,530 165,522 382,052 549,877 490,438 272,646 1,695,013 2,296,894 97,577 1,285,038 1,109,434 2,727,614 5,532,062 170,291 33,737 204,028 161,225 365,253 572,766 516,313 275,118 1,729,449 2,325,718 97,872 1,311,046 1,112,544 2,753,858 5,595,851 179,980 35,346 215,326 163,373 378,700 594,309 524,623 286,011 1,783,643 2,342,789 98,093 1,322,466 1,118,416 2,772,799 5,674,858 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 4 U.S. Census Bureau All Manufacturing Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 All Nondurable Manufacturing 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 All Nondurable Manufacturing Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 24,872 2,420 27,291 4,252 31,544 64,471 56,297 10,317 162,628 192,348 3,501 129,349 66,499 17,108 246,236 25,085 2,569 27,653 4,754 32,407 65,735 57,636 10,380 166,158 196,591 3,849 132,320 68,120 16,762 251,040 23,022 2,503 25,525 4,823 30,348 62,308 56,621 9,896 159,172 194,120 3,603 131,039 66,684 17,150 243,006 23,609 2,376 25,985 4,799 30,784 65,305 59,024 10,007 165,120 197,160 3,806 133,857 67,109 17,352 249,582 24,329 2,360 26,689 5,207 31,896 67,081 59,214 9,896 168,086 56,031 7,531 63,561 41,645 105,206 221,931 191,648 98,526 617,312 (million dollars) 59,804 10,215 70,019 45,051 115,070 228,688 196,132 104,221 644,111 63,731 11,048 74,780 50,963 125,742 228,049 197,845 103,284 654,921 59,627 14,177 73,804 53,316 127,120 233,430 207,261 105,264 673,076 61,168 14,940 76,109 53,700 129,808 241,795 208,092 109,806 689,501 7,417 609 8,026 1,179 9,205 21,364 18,340 3,259 52,168 71,085 1,432 46,230 26,286 5,840 84,295 (million dollars) 7,551 741 8,293 1,212 9,505 22,438 18,955 3,484 54,382 73,603 1,766 47,672 27,697 5,849 87,928 7,072 828 7,899 1,337 9,237 21,108 18,610 3,236 52,190 70,386 1,516 46,129 25,773 5,998 83,961 7,366 715 8,081 1,221 9,302 22,247 19,526 3,503 54,578 71,566 1,669 46,698 26,537 5,738 86,852 7,190 630 7,820 1,569 9,389 22,638 18,799 3,498 54,324 72,278 1,343 46,932 26,690 6,036 87,050 201,714 1,225,073 1,225,379 1,222,814 1,240,368 1,242,480 3,562 60,988 60,379 59,153 58,939 58,970 136,059 665,883 668,910 662,688 676,432 678,231 69,217 620,177 616,848 619,280 622,874 623,219 16,676 1,245,957 1,275,800 1,305,183 1,315,567 1,332,503 253,980 2,483,446 2,536,758 2,579,384 2,611,516 2,645,223 16,692 3,315 36,950 846 7,908 4,003 18,853 88,568 28,376 23,006 6,681 146,631 48,399 51,206 99,605 246,236 16,961 3,256 37,090 972 8,124 4,065 19,574 90,042 28,819 22,852 6,761 148,474 50,224 52,343 102,566 251,040 16,264 3,636 36,325 844 8,347 3,961 18,748 88,124 28,815 23,081 7,001 147,021 49,231 46,754 95,985 243,006 17,017 3,274 37,500 929 8,380 3,920 19,062 90,081 28,072 24,148 7,073 149,374 50,437 49,771 100,208 249,582 17,225 3,564 36,269 1,193 8,221 3,652 17,670 87,794 28,580 24,771 5,871 54,295 52,668 106,964 22,259 64,201 147,791 26,830 13,975 36,991 201,457 513,504 133,938 434,326 422,320 267,763 711,595 24,414 58,963 156,505 29,478 15,060 37,878 212,828 535,125 135,782 435,307 426,220 264,659 739,665 23,215 58,256 162,671 27,050 14,231 40,494 217,729 543,648 131,918 434,611 433,412 278,088 757,707 26,546 61,789 161,618 31,461 15,308 40,546 211,255 548,523 133,223 436,121 438,880 282,213 772,557 23,386 60,465 173,256 29,810 13,954 42,729 219,484 563,084 133,097 436,439 433,394 273,088 806,121 6,259 1,299 13,435 223 3,169 1,507 4,700 30,592 11,115 8,285 1,722 51,714 10,752 21,829 32,581 84,295 6,612 1,132 13,491 331 3,267 1,474 4,857 31,163 11,802 8,315 1,751 53,030 11,763 23,135 34,898 87,928 6,523 883 13,266 275 3,233 1,542 5,027 30,749 11,305 7,974 1,791 51,820 10,470 21,671 32,141 83,961 7,077 830 13,933 305 3,308 1,572 5,137 32,162 10,898 8,891 1,812 53,763 11,337 21,752 33,089 86,852 6,637 1,032 13,723 370 3,128 1,057 4,793 30,740 11,066 9,752 1,810 53,368 11,369 22,314 33,683 87,050 147,016 1,504,087 1,532,435 1,543,588 1,556,747 1,566,014 979,358 1,004,323 1,035,795 1,054,770 1,079,209 253,980 2,483,446 2,536,758 2,579,384 2,611,516 2,645,223 74,060 76,116 71,048 75,038 80,293 103,808 108,985 111,273 124,553 126,417 21,576 23,220 21,441 22,416 23,584 (percent of total assets) (percent of total assets) (percent of total assets) 12.8 26.2 22.9 66.0 27.0 13.0 36.0 20.9 59.5 40.5 12.9 26.2 23.0 66.2 27.1 12.9 35.9 20.6 59.1 40.9 12.5 25.6 23.3 65.5 27.4 13.3 36.3 21.4 60.5 39.5 12.3 26.2 23.6 66.2 26.9 13.1 36.1 20.9 59.8 40.2 12.6 26.4 23.3 66.2 27.3 12.9 34.6 21.0 57.9 42.1 4.2 8.9 7.7 24.9 25.0 5.5 20.7 22.9 60.6 39.4 4.5 9.0 7.7 25.4 24.3 5.4 21.1 22.5 60.4 39.6 4.9 8.8 7.7 25.4 24.0 5.3 21.1 22.0 59.8 40.2 4.9 8.9 7.9 25.8 23.9 5.5 21.0 21.8 59.6 40.4 4.9 9.1 7.9 26.1 23.6 5.3 21.3 21.5 59.2 40.8 10.9 25.3 21.8 61.9 31.2 14.5 36.3 23.0 61.3 38.7 10.8 25.5 21.6 61.8 31.5 14.2 35.4 22.9 60.3 39.7 11.0 25.1 22.2 62.2 30.7 14.5 36.6 23.0 61.7 38.3 10.7 25.6 22.5 62.8 30.6 14.7 37.0 22.8 61.9 38.1 10.8 26.0 21.6 62.4 30.7 13.6 35.3 23.9 61.3 38.7 5 U.S. Census Bureau Table 2.0—Income Statement For Corporations in NAICS Manufacturing Subsector 311 and Subsector 312 Food Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 2.3 91.8 6.0 1.7 1.9 6.2 1.4 4.7 100.0 2.3 91.6 6.1 1.7 2.0 6.4 1.4 5.0 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.41 0.16 1.03 1.41 0.16 1.03 1.29 0.15 1.03 1.31 0.15 1.08 1.25 0.15 1.09 23.33 17.90 8.57 6.58 23.82 18.62 8.69 6.80 25.00 18.38 9.14 6.72 24.41 17.93 9.20 6.76 21.95 16.51 8.30 6.24 100.0 2.3 91.1 6.7 1.6 1.6 6.7 1.8 4.9 100.0 2.4 91.5 6.2 1.6 2.4 6.9 1.8 5.1 100.0 2.3 91.9 5.8 1.7 2.1 6.2 1.5 4.7 103,525 2,352 95,012 6,161 1,723 1,931 6,369 1,480 4,889 1,962 2,927 90,159 (435) 92,651 103,554 2,385 94,809 6,360 1,768 2,061 6,653 1,452 5,201 1,826 3,375 93,963 (779) 96,560 108,841 2,454 99,139 7,248 1,734 1,746 7,259 1,922 5,337 2,221 3,116 96,816 (783) 99,148 105,703 2,494 96,701 6,508 1,742 2,510 7,277 1,931 5,345 2,278 3,067 100,123 (272) 102,918 105,771 2,440 97,169 6,162 1,797 2,226 6,591 1,633 4,958 2,792 2,166 103,913 (469) 105,609 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 6 U.S. Census Bureau Food Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Beverage and Tobacco Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Beverage and Tobacco Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 10,292 201 9,886 205 70 (20) 115 15 100 217 (117) 3,580 11 3,474 9,939 175 9,546 218 68 (16) 133 37 96 110 (14) 4,245 87 4,318 11,833 213 10,974 645 85 21 581 44 538 328 210 4,128 58 4,397 11,644 192 10,885 568 79 224 714 49 665 619 46 5,044 (36) 5,053 11,488 189 11,041 258 80 (85) 92 52 40 283 (243) 5,085 (3) 4,839 36,076 1,153 28,426 6,498 1,083 3,579 8,993 2,019 6,974 2,704 4,270 98,643 (229) 102,684 (million dollars) 35,580 1,137 29,048 5,395 1,010 3,318 7,703 2,079 5,623 3,039 2,585 105,080 (182) 107,483 34,330 1,017 28,344 4,969 1,159 2,383 6,193 1,292 4,900 3,018 1,882 107,093 (48) 108,927 33,926 1,140 27,118 5,668 999 1,083 5,752 1,548 4,204 2,894 1,309 109,975 (432) 110,853 37,639 1,144 30,235 6,260 1,105 3,405 8,559 1,530 7,029 2,907 4,122 110,566 (436) 114,252 1,171 42 1,059 70 24 16 61 0 61 41 20 (52) (22) (54) (million dollars) 1,445 56 1,270 119 26 (22) 71 7 64 21 43 87 (34) 96 1,242 44 1,185 14 20 (20) (26) 2 (29) 18 (46) 331 2 287 1,114 42 1,042 30 24 (2) 4 0 4 24 (20) 173 17 170 1,363 46 1,242 76 23 4 57 4 53 42 11 319 (6) 325 (percent of net sales) 100.0 1.9 96.1 2.0 0.7 (0.2) 1.1 0.1 1.0 100.0 1.8 96.0 2.2 0.7 (0.2) 1.3 0.4 1.0 (percent) 100.0 1.8 92.7 5.5 0.7 0.2 4.9 0.4 4.5 100.0 1.6 93.5 4.9 0.7 1.9 6.1 0.4 5.7 100.0 1.6 96.1 2.2 0.7 (0.7) 0.8 0.5 0.4 100.0 3.2 78.8 18.0 3.0 9.9 24.9 5.6 19.3 (percent of net sales) 100.0 3.2 81.6 15.2 2.8 9.3 21.6 5.8 15.8 (percent) 100.0 3.0 82.6 14.5 3.4 6.9 18.0 3.8 14.3 100.0 3.4 79.9 16.7 2.9 3.2 17.0 4.6 12.4 100.0 3.0 80.3 16.6 2.9 9.0 22.7 4.1 18.7 100.0 3.6 90.4 6.0 2.1 1.4 5.2 0.0 5.2 (percent of net sales) 100.0 3.9 87.9 8.2 1.8 (1.5) 4.9 0.5 4.4 (percent) 100.0 3.5 95.4 1.1 1.6 (1.6) (2.1) 0.2 (2.3) 100.0 3.8 93.5 2.7 2.1 (0.2) 0.4 0.0 0.4 100.0 3.4 91.1 5.6 1.7 0.3 4.2 0.3 3.9 8.06 7.00 3.15 2.73 8.75 6.33 3.56 2.57 37.78 34.93 14.69 13.58 42.50 39.59 17.94 16.71 5.82 2.55 2.34 1.03 46.40 35.99 16.06 12.45 37.37 27.28 13.21 9.64 29.16 23.08 10.58 8.37 25.90 18.93 9.95 7.27 37.69 30.95 14.41 11.84 21.95 21.84 6.83 6.80 23.79 21.36 8.06 7.24 (10.46) (11.45) (3.67) (4.02) 1.75 1.65 0.58 0.54 21.17 19.74 7.42 6.92 1.69 0.29 0.97 1.78 0.35 1.06 1.62 0.28 1.02 1.87 0.37 1.19 1.88 0.34 1.07 0.97 0.19 0.97 0.92 0.17 1.05 0.94 0.17 1.12 1.02 0.16 1.10 0.99 0.19 1.13 1.80 0.24 0.60 1.82 0.31 0.71 1.53 0.20 0.88 1.60 0.22 0.78 1.70 0.24 0.79 7 U.S. Census Bureau Table 2.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 311 and Subsector 312 Food Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.6 10.6 13.2 31.1 24.7 7.3 22.0 28.3 63.3 36.7 3.5 10.6 13.3 30.8 24.7 7.0 21.8 28.4 63.5 36.5 3.5 10.4 13.2 30.7 24.6 8.6 23.9 26.7 63.5 36.5 3.6 9.9 13.2 30.2 24.4 8.2 23.1 26.6 62.3 37.7 3.6 9.9 12.8 29.7 24.4 8.9 23.8 25.7 62.2 37.8 26,857 27,550 21,643 22,411 18,810 4,069 11,284 23,252 1,803 2,788 3,524 18,806 65,526 27,196 56,995 38,371 188,089 16,564 92,651 109,215 297,304 4,464 10,959 24,221 1,623 2,937 3,146 19,517 66,866 29,609 57,406 40,530 194,411 15,188 96,560 111,747 306,159 4,745 11,279 26,491 1,939 3,291 7,952 20,168 75,863 28,519 56,473 40,859 201,714 16,985 99,148 116,133 317,847 4,892 10,404 25,115 2,465 2,544 8,233 19,474 73,126 27,809 56,267 40,007 197,209 16,350 102,918 119,268 316,477 4,400 10,879 25,323 2,449 2,523 10,359 19,524 75,456 27,093 54,642 40,356 197,546 14,515 105,609 120,125 317,671 5,364 866 6,231 4,341 10,571 31,589 39,308 10,914 92,383 147,247 3,956 77,694 73,509 131,412 297,304 2Q 2004 3Q 2004 (million dollars) 5,683 760 6,442 4,237 10,680 32,334 40,736 10,666 94,416 151,648 4,441 80,557 75,532 136,211 306,159 6,138 686 6,824 4,391 11,215 33,167 41,892 11,233 97,507 154,798 4,485 81,028 78,255 142,086 317,847 6,127 851 6,978 4,258 11,237 31,394 41,764 11,143 95,537 156,929 4,461 84,150 77,240 143,700 316,477 5,811 759 6,570 4,738 11,308 31,450 40,559 10,948 94,265 155,491 5,105 83,213 77,383 146,023 317,671 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 8 U.S. Census Bureau Food Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Beverage and Tobacco Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Beverage and Tobacco Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 1,067 203 1,271 224 1,495 2,997 3,487 620 8,600 11,921 276 7,336 4,860 1,110 14,570 1,086 231 1,317 465 1,781 3,098 3,565 639 9,083 11,174 548 6,768 4,954 947 14,984 1,105 109 1,214 497 1,711 3,466 3,909 767 9,853 11,626 497 7,110 5,013 967 15,833 1,361 181 1,542 424 1,965 3,344 3,921 779 10,011 12,214 460 7,681 4,993 906 15,909 1,217 147 1,364 386 1,750 3,582 3,640 848 9,820 11,543 459 7,000 5,002 933 15,755 4,413 1,758 6,171 2,153 8,324 10,580 15,563 8,504 42,971 76,514 2,766 38,671 40,608 140,472 224,051 (million dollars) 5,472 1,090 6,562 2,042 8,604 11,486 16,630 9,349 46,069 76,331 2,678 38,728 40,281 146,916 233,267 3,887 2,190 6,077 2,301 8,377 11,194 16,029 11,342 46,943 76,049 2,597 38,640 40,006 147,199 234,148 3,396 1,843 5,239 1,751 6,990 11,707 15,824 11,017 45,538 76,628 2,687 39,175 40,140 145,528 231,205 3,698 2,794 6,492 2,654 9,146 12,645 15,879 10,088 47,758 77,658 2,771 40,072 40,357 149,394 237,509 247 20 266 7 274 350 1,337 79 2,039 2,835 167 1,606 1,396 160 3,594 (million dollars) 280 25 305 17 322 374 1,091 108 1,894 3,270 148 1,940 1,478 168 3,540 184 2 187 21 208 318 1,008 83 1,617 2,710 55 1,716 1,049 177 2,844 184 3 187 18 205 335 847 75 1,462 2,810 97 1,681 1,226 210 2,898 189 16 205 18 224 421 851 92 1,588 2,733 132 1,634 1,231 246 3,064 1,330 371 2,143 9 508 121 597 5,079 2,279 1,277 242 8,877 2,220 3,474 5,694 14,570 1,361 194 2,170 58 467 139 709 5,097 2,100 1,472 216 8,886 1,780 4,318 6,098 14,984 1,640 287 2,501 64 598 224 779 6,094 2,218 1,052 314 9,678 1,759 4,397 6,155 15,833 1,359 164 2,362 42 512 96 813 5,349 2,205 1,290 349 9,193 1,663 5,053 6,716 15,909 1,156 214 2,458 74 568 68 674 5,212 1,792 2,141 275 9,420 1,496 4,839 6,335 15,755 2,382 6,471 7,649 2,915 1,813 3,442 19,752 44,423 15,797 49,953 36,355 146,528 (25,161) 102,684 77,523 224,051 2,184 5,476 9,121 4,023 2,892 3,172 23,282 50,150 15,007 49,724 35,928 150,809 (25,025) 107,483 82,457 233,267 2,288 5,978 9,538 2,696 2,623 2,340 24,667 50,129 13,779 49,099 36,198 149,205 (23,983) 108,927 84,943 234,148 2,649 8,571 8,231 2,011 2,684 2,563 17,979 44,688 14,887 49,549 33,250 142,374 (22,022) 110,853 88,831 231,205 1,999 7,125 11,108 3,297 2,695 3,127 19,041 48,392 16,580 48,934 32,764 146,669 (23,412) 114,252 90,840 237,509 336 92 318 9 92 86 203 1,135 446 828 67 2,475 1,173 (54) 1,119 3,594 230 72 408 4 64 89 173 1,041 577 661 61 2,341 1,103 96 1,199 3,540 213 39 400 4 144 21 234 1,054 414 307 70 1,845 711 287 999 2,844 120 14 419 8 110 39 205 914 446 503 78 1,941 788 170 958 2,898 145 37 375 5 111 59 200 933 565 451 41 1,990 750 325 1,075 3,064 3,521 3,985 3,759 4,662 4,608 (1,453) (4,081) (3,186) 850 (633) 904 853 563 548 655 (percent of total assets) (percent of total assets) (percent of total assets) 10.3 20.6 23.9 59.0 33.4 16.0 34.9 24.4 60.9 39.1 11.9 20.7 23.8 60.6 33.1 14.4 34.0 23.8 59.3 40.7 10.8 21.9 24.7 62.2 31.7 17.4 38.5 20.7 61.1 38.9 12.4 21.0 24.6 62.9 31.4 13.4 33.6 22.0 57.8 42.2 11.1 22.7 23.1 62.3 31.7 12.7 33.1 25.0 59.8 40.2 3.7 4.7 6.9 19.2 18.1 6.3 19.8 29.3 65.4 34.6 3.7 4.9 7.1 19.7 17.3 5.9 21.5 27.7 64.7 35.3 3.6 4.8 6.8 20.0 17.1 5.6 21.4 26.9 63.7 36.3 3.0 5.1 6.8 19.7 17.4 7.1 19.3 27.9 61.6 38.4 3.9 5.3 6.7 20.1 17.0 6.3 20.4 27.6 61.8 38.2 7.6 9.7 37.2 56.7 38.8 16.8 31.6 35.4 68.9 31.1 9.1 10.6 30.8 53.5 41.7 12.9 29.4 35.0 66.1 33.9 7.3 11.2 35.4 56.9 36.9 14.6 37.1 25.4 64.9 35.1 7.1 11.6 29.2 50.5 42.3 9.8 31.5 32.7 67.0 33.0 7.3 13.8 27.8 51.8 40.2 11.5 30.4 33.1 64.9 35.1 9 U.S. Census Bureau Table 3.0—Income Statement For Corporations in NAICS Manufacturing Subsectors 313 and 314, and Subsectors 315 and 316 Textile Mills and Textile Product Mills Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 3.1 91.7 5.2 1.4 (0.4) 3.4 0.9 2.5 100.0 3.1 92.5 4.3 1.5 0.5 3.3 1.0 2.3 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.74 0.14 1.27 1.76 0.19 1.27 1.82 0.21 1.36 1.89 0.22 1.26 1.94 0.25 1.40 12.22 9.05 5.03 3.73 11.54 8.06 4.83 3.37 4.43 3.42 1.93 1.49 11.73 9.73 5.00 4.15 15.17 11.53 6.76 5.14 100.0 3.4 93.9 2.7 1.6 0.2 1.3 0.3 1.0 100.0 3.2 92.2 4.6 1.5 0.3 3.5 0.6 2.9 100.0 3.0 90.8 6.2 1.4 (0.3) 4.5 1.1 3.4 12,833 403 11,763 668 186 (49) 434 112 321 129 192 9,029 (17) 9,205 12,639 396 11,696 548 190 59 416 125 291 68 223 9,344 64 9,631 12,085 414 11,342 329 193 24 160 37 123 106 17 9,323 124 9,465 12,159 386 11,208 564 178 36 422 72 350 195 155 9,134 (57) 9,233 12,423 369 11,285 768 177 (38) 553 133 421 275 146 9,819 (160) 9,804 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 10 U.S. Census Bureau Textile Mills and Textile Product Mills Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Apparel and Leather Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Apparel and Leather Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 3,321 73 3,067 182 27 (26) 129 8 121 96 25 1,345 15 1,385 3,159 73 2,945 141 39 (3) 99 (2) 101 28 73 1,256 23 1,352 2,856 66 2,767 23 33 2 (8) 5 (13) 43 (56) 1,329 1 1,274 3,394 66 3,228 100 39 20 81 10 71 53 18 1,467 (69) 1,416 3,145 70 2,912 164 36 (9) 119 9 110 66 44 1,750 (102) 1,692 20,428 380 18,346 1,701 289 299 1,711 431 1,280 447 833 19,292 (216) 19,909 (million dollars) 23,573 379 20,691 2,504 285 421 2,640 615 2,025 535 1,490 18,968 (104) 20,354 22,455 374 19,988 2,093 279 354 2,169 617 1,551 582 970 20,032 (27) 20,975 21,133 378 18,800 1,955 291 432 2,096 569 1,526 565 961 20,720 (572) 21,109 22,441 392 20,205 1,844 303 374 1,915 500 1,415 547 868 22,205 (209) 22,864 4,877 49 4,574 253 39 (37) 178 6 172 168 4 1,625 (67) 1,562 (million dollars) 5,489 55 5,001 433 37 (6) 391 22 369 180 189 1,643 3 1,835 5,412 57 5,137 218 41 16 193 19 174 136 39 1,543 (37) 1,545 4,549 46 4,163 341 40 (8) 293 14 279 164 115 1,324 32 1,471 5,907 60 5,515 333 50 (4) 278 34 243 197 46 1,871 107 2,023 (percent of net sales) 100.0 2.2 92.3 5.5 0.8 (0.8) 3.9 0.2 3.6 100.0 2.3 93.2 4.5 1.2 (0.1) 3.1 (0.1) 3.2 (percent) 100.0 2.3 96.9 0.8 1.2 0.1 (0.3) 0.2 (0.5) 100.0 2.0 95.1 3.0 1.1 0.6 2.4 0.3 2.1 100.0 2.2 92.6 5.2 1.1 (0.3) 3.8 0.3 3.5 100.0 1.9 89.8 8.3 1.4 1.5 8.4 2.1 6.3 (percent of net sales) 100.0 1.6 87.8 10.6 1.2 1.8 11.2 2.6 8.6 (percent) 100.0 1.7 89.0 9.3 1.2 1.6 9.7 2.7 6.9 100.0 1.8 89.0 9.3 1.4 2.0 9.9 2.7 7.2 100.0 1.7 90.0 8.2 1.4 1.7 8.5 2.2 6.3 100.0 1.0 93.8 5.2 0.8 (0.8) 3.6 0.1 3.5 (percent of net sales) 100.0 1.0 91.1 7.9 0.7 (0.1) 7.1 0.4 6.7 (percent) 100.0 1.1 94.9 4.0 0.8 0.3 3.6 0.3 3.2 100.0 1.0 91.5 7.5 0.9 (0.2) 6.4 0.3 6.1 100.0 1.0 93.4 5.6 0.9 (0.1) 4.7 0.6 4.1 24.51 22.95 8.96 8.39 18.47 18.86 6.46 6.60 (1.83) (2.93) (0.61) (0.97) 15.13 13.23 4.97 4.35 20.89 19.32 7.97 7.37 25.31 18.94 12.26 9.17 37.81 29.01 18.39 14.11 30.47 21.80 15.05 10.77 28.19 20.54 14.04 10.22 24.68 18.23 12.34 9.12 31.17 30.12 10.66 10.30 57.83 54.54 21.69 20.46 37.69 34.06 11.52 10.42 50.84 48.40 17.04 16.22 40.22 35.22 14.41 12.62 1.61 0.21 1.02 1.70 0.19 0.84 1.67 0.21 0.83 1.79 0.22 0.74 1.99 0.26 0.94 2.13 0.41 2.00 2.05 0.31 1.95 2.15 0.42 2.00 2.20 0.39 2.05 2.13 0.38 2.08 1.80 0.33 0.95 1.84 0.26 1.11 1.77 0.28 0.77 1.80 0.31 0.92 1.76 0.29 0.98 11 U.S. Census Bureau Table 3.1—Balance Sheet For Corporations in NAICS Manufacturing Subsectors 313 and 314, and Subsectors 315 and 316 Textile Mills and Textile Product Mills Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3.8 17.1 21.7 45.8 29.3 8.3 26.3 24.3 58.8 41.2 5.2 16.7 21.8 47.5 29.4 9.4 27.0 23.5 58.2 41.8 5.5 16.1 21.5 47.1 29.3 8.9 25.9 23.1 56.4 43.6 5.7 17.2 22.6 49.2 29.0 8.9 26.1 24.9 57.4 42.6 6.2 16.5 22.0 48.5 29.5 7.5 25.0 24.3 55.4 44.6 6,737 7,065 7,012 7,805 7,711 1,426 163 3,494 208 814 444 2,515 9,062 4,144 4,226 2,842 20,274 4,988 9,205 14,193 34,467 1,316 118 3,293 200 816 1,001 2,552 9,295 4,393 3,716 2,651 20,055 4,786 9,631 14,417 34,472 1,103 91 3,243 108 814 928 2,297 8,584 4,180 3,479 2,453 18,697 4,971 9,465 14,436 33,133 1,173 117 3,306 143 762 940 2,371 8,814 4,218 4,191 2,161 19,384 5,158 9,233 14,391 33,775 1,034 223 3,187 173 533 659 2,367 8,177 4,422 3,536 2,017 18,151 4,786 9,804 14,591 32,742 965 94 1,059 240 1,299 5,890 7,467 1,142 15,799 27,955 419 18,268 10,106 8,562 34,467 2Q 2004 3Q 2004 (million dollars) 956 126 1,083 710 1,793 5,772 7,517 1,278 16,360 28,059 374 18,301 10,132 7,980 34,472 768 181 949 867 1,816 5,325 7,122 1,334 15,597 26,842 316 17,447 9,711 7,825 33,133 827 126 953 985 1,937 5,817 7,638 1,226 16,619 26,577 414 17,183 9,808 7,348 33,775 959 182 1,141 880 2,022 5,408 7,206 1,252 15,888 26,211 295 16,864 9,643 7,211 32,742 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 12 U.S. Census Bureau Textile Mills and Textile Product Mills Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Apparel and Leather Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Apparel and Leather Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 425 30 455 35 490 1,645 1,478 177 3,791 4,748 126 3,202 1,671 298 5,759 343 56 399 39 439 1,668 1,736 160 4,002 5,010 74 3,309 1,774 342 6,118 261 129 390 80 470 1,514 1,520 159 3,663 4,702 47 3,347 1,402 285 5,349 394 115 509 20 529 1,761 1,862 200 4,353 5,258 163 3,443 1,979 204 6,536 381 113 494 9 503 1,472 1,726 210 3,911 5,392 56 3,662 1,786 270 5,966 4,466 100 4,565 1,302 5,867 9,533 12,074 2,903 30,378 18,247 422 10,740 7,929 17,517 55,824 (million dollars) 3,822 48 3,870 817 4,687 11,451 12,341 2,882 31,361 18,517 406 11,350 7,573 18,464 57,398 4,169 373 4,542 1,457 5,999 9,916 12,036 2,533 30,484 18,315 395 11,183 7,527 19,623 57,634 4,032 280 4,312 1,353 5,665 10,699 12,545 2,874 31,782 18,546 408 11,308 7,646 20,288 59,716 4,167 342 4,509 1,312 5,821 10,485 13,482 2,944 32,732 18,913 408 11,234 8,086 21,230 62,048 694 100 793 246 1,039 1,916 2,346 281 5,583 2,754 59 1,875 938 147 6,668 (million dollars) 685 48 732 84 816 2,292 2,344 355 5,807 3,399 64 2,321 1,142 258 7,207 644 133 777 78 855 2,022 2,312 303 5,492 3,035 36 2,137 934 273 6,700 754 9 763 194 957 2,054 2,213 344 5,568 2,952 48 2,011 989 318 6,874 617 71 687 280 968 2,225 2,334 414 5,941 3,321 38 2,057 1,302 468 7,711 471 52 1,000 8 234 151 434 2,351 542 615 146 3,654 721 1,385 2,106 5,759 564 17 898 19 334 108 421 2,361 792 729 96 3,978 788 1,352 2,140 6,118 441 8 955 14 332 127 321 2,198 737 503 134 3,571 505 1,274 1,778 5,349 570 33 1,032 15 304 111 372 2,437 961 911 81 4,390 730 1,416 2,146 6,536 412 104 871 21 258 19 287 1,970 1,361 279 81 3,690 584 1,692 2,276 5,966 2,147 498 5,254 407 650 176 5,159 14,292 3,719 6,304 4,471 28,786 7,128 19,909 27,038 55,824 2,398 445 5,663 655 506 616 5,004 15,287 4,403 5,943 3,839 29,472 7,572 20,354 27,926 57,398 1,568 263 5,545 502 532 622 5,143 14,175 4,146 7,070 3,779 29,169 7,491 20,975 28,465 57,634 1,675 272 5,446 670 429 653 5,294 14,439 4,144 7,310 4,093 29,986 8,622 21,109 29,731 59,716 1,853 502 5,635 547 348 798 5,691 15,375 4,173 7,263 4,199 31,010 8,174 22,864 31,038 62,048 888 59 1,428 6 205 37 481 3,104 529 681 75 4,388 718 1,562 2,280 6,668 749 136 1,514 8 243 65 442 3,157 733 508 106 4,504 869 1,835 2,703 7,207 876 68 1,426 11 189 64 464 3,098 644 828 81 4,651 504 1,545 2,049 6,700 810 23 1,442 8 227 61 525 3,096 576 810 88 4,571 832 1,471 2,303 6,874 945 81 1,489 14 191 88 575 3,383 524 993 49 4,949 739 2,023 2,762 7,711 1,440 1,641 1,465 1,915 1,941 16,086 16,073 16,309 17,344 17,358 2,479 2,650 2,395 2,471 2,558 (percent of total assets) (percent of total assets) (percent of total assets) 8.5 28.6 25.7 65.8 29.0 15.8 40.8 20.1 63.4 36.6 7.2 27.3 28.4 65.4 29.0 16.7 38.6 24.9 65.0 35.0 8.8 28.3 28.4 68.5 26.2 17.0 41.1 23.2 66.8 33.2 8.1 27.0 28.5 66.6 30.3 15.6 37.3 28.6 67.2 32.8 8.4 24.7 28.9 65.6 29.9 13.3 33.0 27.5 61.8 38.2 10.5 17.1 21.6 54.4 14.2 6.2 25.6 18.0 51.6 48.4 8.2 19.9 21.5 54.6 13.2 6.9 26.6 18.0 51.3 48.7 10.4 17.2 20.9 52.9 13.1 5.2 24.6 19.5 50.6 49.4 9.5 17.9 21.0 53.2 12.8 5.1 24.2 19.2 50.2 49.8 9.4 16.9 21.7 52.8 13.0 5.6 24.8 18.4 50.0 50.0 15.6 28.7 35.2 83.7 14.1 17.8 46.5 18.1 65.8 34.2 11.3 31.8 32.5 80.6 15.8 16.6 43.8 17.2 62.5 37.5 12.8 30.2 34.5 82.0 13.9 17.9 46.2 22.0 69.4 30.6 13.9 29.9 32.2 81.0 14.4 16.3 45.0 20.2 66.5 33.5 12.5 28.9 30.3 77.0 16.9 16.9 43.9 19.7 64.2 35.8 13 U.S. Census Bureau Table 4.0—Income Statement For Corporations in NAICS Manufacturing Subsector 322 and Subsector 323 Paper Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 5.0 88.3 6.7 3.1 1.5 5.1 1.3 3.8 100.0 5.0 87.3 7.7 3.0 1.8 6.6 2.1 4.4 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.32 0.11 0.82 1.32 0.15 0.82 1.43 0.17 0.86 1.38 0.11 0.87 1.39 0.15 0.88 13.61 10.27 4.51 3.40 17.75 11.96 5.88 3.96 2.27 2.93 0.77 0.99 10.05 7.86 3.43 2.68 15.67 10.90 5.32 3.70 100.0 5.9 90.1 4.0 3.4 0.3 0.9 (0.3) 1.2 100.0 5.0 88.8 6.2 2.9 0.8 4.0 0.9 3.2 100.0 4.8 85.2 9.9 2.5 (1.3) 6.1 1.9 4.2 40,659 2,031 35,915 2,713 1,263 623 2,073 510 1,564 746 818 28,597 (122) 29,293 40,969 2,048 35,758 3,163 1,212 745 2,696 880 1,816 686 1,130 28,614 (172) 29,572 37,287 2,204 33,585 1,497 1,273 112 336 (98) 434 1,009 (575) 28,730 (28) 28,128 37,337 1,863 33,170 2,303 1,091 293 1,506 328 1,178 745 433 27,946 259 28,638 38,138 1,848 32,511 3,779 957 (493) 2,329 709 1,620 782 838 27,642 (63) 28,417 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 14 U.S. Census Bureau Paper Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Printing and Related Support Activities 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Printing and Related Support Activities Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 3,255 97 3,119 39 30 7 16 15 1 34 (33) 1,258 3 1,227 3,321 81 3,104 135 31 (9) 95 7 88 37 50 994 (9) 1,035 3,116 80 2,972 64 31 68 101 11 89 41 49 1,038 34 1,121 2,989 82 2,815 91 30 0 62 17 45 31 14 961 (62) 913 3,381 90 3,191 99 42 9 66 12 54 33 22 255 (34) 243 15,838 717 14,019 1,102 312 (153) 638 211 426 243 184 8,047 (832) 7,399 (million dollars) 16,759 719 14,730 1,310 324 (37) 949 196 754 362 391 7,300 52 7,743 17,599 752 15,826 1,021 351 (124) 546 119 428 196 232 7,498 5 7,735 16,831 718 14,980 1,133 331 (145) 657 138 519 343 176 7,978 (77) 8,077 16,722 716 14,785 1,221 343 (88) 791 120 671 393 278 8,371 (10) 8,639 7,780 333 6,929 518 103 (23) 392 61 331 195 136 4,533 (713) 3,957 (million dollars) 8,222 339 7,302 581 107 8 482 121 361 197 164 3,966 38 4,168 8,221 361 7,643 217 114 (27) 75 35 41 100 (59) 3,970 (2) 3,909 7,955 330 7,195 430 96 7 340 27 313 138 175 4,187 (96) 4,267 7,907 323 7,118 466 93 (28) 345 33 311 293 19 4,594 58 4,671 (percent of net sales) 100.0 3.0 95.8 1.2 0.9 0.2 0.5 0.5 0.0 100.0 2.5 93.5 4.1 0.9 (0.3) 2.9 0.2 2.6 (percent) 100.0 2.6 95.4 2.0 1.0 2.2 3.2 0.4 2.9 100.0 2.7 94.2 3.0 1.0 0.0 2.1 0.6 1.5 100.0 2.7 94.4 2.9 1.2 0.3 2.0 0.4 1.6 100.0 4.5 88.5 7.0 2.0 (1.0) 4.0 1.3 2.7 (percent of net sales) 100.0 4.3 87.9 7.8 1.9 (0.2) 5.7 1.2 4.5 (percent) 100.0 4.3 89.9 5.8 2.0 (0.7) 3.1 0.7 2.4 100.0 4.3 89.0 6.7 2.0 (0.9) 3.9 0.8 3.1 100.0 4.3 88.4 7.3 2.0 (0.5) 4.7 0.7 4.0 100.0 4.3 89.1 6.7 1.3 (0.3) 5.0 0.8 4.3 (percent of net sales) 100.0 4.1 88.8 7.1 1.3 0.1 5.9 1.5 4.4 (percent) 100.0 4.4 93.0 2.6 1.4 (0.3) 0.9 0.4 0.5 100.0 4.1 90.5 5.4 1.2 0.1 4.3 0.3 3.9 100.0 4.1 90.0 5.9 1.2 (0.4) 4.4 0.4 3.9 2.88 0.12 0.95 0.04 18.65 17.21 5.91 5.45 20.78 18.43 6.87 6.09 12.60 9.14 4.07 2.95 19.08 15.64 4.11 3.37 18.92 12.66 5.76 3.85 26.69 21.19 8.28 6.57 15.18 11.88 4.72 3.69 18.06 14.27 5.63 4.45 21.47 18.22 6.64 5.64 33.02 27.90 10.96 9.26 37.24 27.92 12.82 9.61 5.94 3.21 2.01 1.09 25.50 23.44 9.29 8.54 25.31 22.85 9.49 8.57 1.38 0.20 0.83 1.37 0.17 0.78 1.36 0.18 0.85 1.33 0.22 0.86 1.17 0.18 0.46 1.24 0.18 0.78 1.24 0.17 0.82 1.28 0.21 0.82 1.31 0.19 0.80 1.30 0.19 0.78 1.65 0.35 0.74 1.61 0.32 0.78 1.61 0.35 0.76 1.62 0.32 0.86 1.70 0.33 0.90 15 U.S. Census Bureau Table 4.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 322 and Subsector 323 Paper Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.8 8.3 8.0 21.0 43.2 3.9 15.9 36.5 66.8 33.2 2.5 8.6 8.0 22.3 42.1 4.6 16.9 35.6 66.9 33.1 2.6 8.0 7.8 21.8 42.6 3.1 15.3 36.0 66.3 33.7 1.7 8.4 8.1 21.6 41.8 3.6 15.7 35.5 65.9 34.1 2.4 8.6 8.2 22.4 41.7 3.6 16.1 35.1 66.0 34.0 9,383 9,904 11,557 10,365 11,088 1,544 1,303 10,407 870 1,679 2,628 10,856 29,288 19,598 47,443 26,480 122,809 31,624 29,293 60,917 183,726 1,781 1,725 10,267 902 1,574 3,284 11,521 31,054 19,854 45,436 26,405 122,748 31,172 29,572 60,744 183,491 1,168 1,690 9,765 720 908 1,734 10,774 26,759 20,452 42,678 26,357 116,246 31,021 28,128 59,148 175,394 1,393 1,978 9,801 969 963 1,970 10,458 27,531 21,033 41,241 25,879 115,684 31,275 28,638 59,913 175,597 1,440 1,525 9,974 1,114 1,036 2,338 10,716 28,145 20,085 41,410 25,995 115,635 31,038 28,417 59,455 175,091 1,401 314 1,715 1,586 3,301 15,293 14,666 5,412 38,671 144,149 10,509 75,341 79,317 65,738 183,726 2Q 2004 3Q 2004 (million dollars) 1,419 270 1,689 2,902 4,591 15,762 14,613 5,991 40,957 141,620 10,367 74,813 77,174 65,360 183,491 1,702 1,083 2,785 1,819 4,604 13,981 13,716 6,015 38,316 135,770 10,055 71,061 74,765 62,313 175,394 1,584 332 1,917 1,001 2,918 14,823 14,210 5,946 37,896 135,399 9,979 71,947 73,431 64,270 175,597 1,570 834 2,404 1,716 4,120 15,103 14,396 5,613 39,233 134,949 9,933 71,782 73,099 62,759 175,091 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 16 U.S. Census Bureau Paper Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Printing and Related Support Activities 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Printing and Related Support Activities Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 470 51 521 36 557 1,607 1,137 524 3,825 6,145 30 3,935 2,240 477 6,542 377 43 420 57 476 1,766 1,152 478 3,873 5,397 31 3,393 2,034 517 6,425 360 75 435 19 454 1,633 962 324 3,373 5,048 64 3,114 1,998 495 5,865 459 93 553 56 608 1,610 956 477 3,651 5,232 64 3,243 2,052 362 6,065 486 44 531 60 591 1,790 1,149 282 3,811 5,825 100 3,627 2,298 344 6,453 1,990 72 2,061 303 2,365 8,925 3,597 1,612 16,499 38,892 473 24,738 14,626 13,154 44,278 (million dollars) 2,021 89 2,109 213 2,323 9,176 3,808 1,471 16,777 39,551 437 25,091 14,897 14,215 45,889 2,523 116 2,639 290 2,930 9,665 3,685 1,439 17,719 39,609 428 24,656 15,380 13,207 46,306 1,943 124 2,067 464 2,531 9,527 3,874 1,341 17,273 39,799 456 25,133 15,122 14,325 46,720 2,017 33 2,050 337 2,387 8,877 3,702 1,380 16,346 40,158 451 25,275 15,333 15,945 47,624 1,390 32 1,422 195 1,617 3,957 1,604 520 7,698 18,092 187 12,484 5,795 826 14,319 (million dollars) 1,396 41 1,437 170 1,607 4,170 1,759 574 8,111 18,591 164 12,596 6,159 756 15,025 1,388 55 1,443 204 1,647 3,866 1,624 562 7,699 18,278 156 11,996 6,437 857 14,993 1,170 89 1,259 250 1,510 4,002 1,729 410 7,650 18,187 184 12,221 6,150 865 14,665 1,274 13 1,286 167 1,453 3,912 1,538 533 7,436 18,033 119 12,025 6,127 954 14,516 490 189 1,357 21 303 100 313 2,772 971 549 95 4,387 928 1,227 2,155 6,542 574 228 1,351 30 248 58 334 2,823 756 734 76 4,389 1,000 1,035 2,036 6,425 516 128 1,174 20 207 78 365 2,489 753 603 82 3,927 818 1,121 1,938 5,865 548 50 1,249 69 300 111 421 2,749 738 533 85 4,105 1,046 913 1,960 6,065 719 174 1,423 88 249 177 439 3,269 826 864 105 5,064 1,147 243 1,390 6,453 1,246 605 3,972 316 1,148 371 5,606 13,264 6,310 7,570 3,657 30,802 6,078 7,399 13,477 44,278 892 1,362 4,238 398 1,132 425 5,087 13,534 6,539 7,028 4,563 31,663 6,482 7,743 14,226 45,889 904 506 4,467 323 1,108 481 6,025 13,814 6,530 8,031 3,530 31,905 6,666 7,735 14,401 46,306 1,050 557 4,222 362 1,082 518 5,350 13,140 6,531 8,407 4,086 32,164 6,478 8,077 14,556 46,720 946 471 3,955 135 1,026 503 5,530 12,566 7,048 8,893 4,380 32,887 6,098 8,639 14,737 47,624 609 151 1,837 53 779 296 953 4,677 2,834 1,745 311 9,567 796 3,957 4,752 14,319 741 300 1,944 63 773 353 854 5,027 3,052 1,439 335 9,853 1,004 4,168 5,172 15,025 739 84 1,891 65 745 328 919 4,772 2,979 1,804 357 9,912 1,172 3,909 5,081 14,993 782 125 1,864 47 722 378 818 4,735 2,596 1,639 354 9,325 1,073 4,267 5,340 14,665 681 73 1,815 22 684 369 725 4,369 2,659 1,565 477 9,070 775 4,671 5,446 14,516 1,053 1,050 884 902 543 3,234 3,243 3,904 4,133 3,779 3,021 3,084 2,927 2,915 3,066 (percent of total assets) (percent of total assets) (percent of total assets) 8.5 24.6 17.4 58.5 34.2 16.5 42.4 23.2 67.1 32.9 7.4 27.5 17.9 60.3 31.7 17.3 43.9 23.2 68.3 31.7 7.7 27.8 16.4 57.5 34.1 15.9 42.4 23.1 67.0 33.0 10.0 26.5 15.8 60.2 33.8 16.7 45.3 21.0 67.7 32.3 9.2 27.7 17.8 59.1 35.6 20.4 50.7 26.2 78.5 21.5 5.3 20.2 8.1 37.3 33.0 7.6 30.0 31.3 69.6 30.4 5.1 20.0 8.3 36.6 32.5 8.3 29.5 29.6 69.0 31.0 6.3 20.9 8.0 38.3 33.2 6.5 29.8 31.4 68.9 31.1 5.4 20.4 8.3 37.0 32.4 6.9 28.1 32.0 68.8 31.2 5.0 18.6 7.8 34.3 32.2 6.2 26.4 33.5 69.1 30.9 11.3 27.6 11.2 53.8 40.5 12.8 32.7 32.0 66.8 33.2 10.7 27.7 11.7 54.0 41.0 14.4 33.5 29.9 65.6 34.4 11.0 25.8 10.8 51.4 42.9 12.6 31.8 31.9 66.1 33.9 10.3 27.3 11.8 52.2 41.9 13.7 32.3 28.9 63.6 36.4 10.0 26.9 10.6 51.2 42.2 12.4 30.1 29.1 62.5 37.5 17 U.S. Census Bureau Table 5.0—Income Statement For Corporations in NAICS Manufacturing Subsector 324 and Subsector 325 Petroleum and Coal Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 2.3 89.1 8.6 0.6 4.3 12.2 2.7 9.6 100.0 2.4 90.3 7.3 0.9 4.6 11.0 2.2 8.8 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.27 0.30 2.60 1.25 0.32 2.61 1.35 0.38 2.85 1.28 0.38 2.83 1.29 0.34 2.91 35.18 27.54 16.66 13.04 32.32 25.96 15.07 12.10 37.76 30.62 18.34 14.88 36.61 29.01 17.33 13.73 37.54 29.72 18.10 14.33 100.0 2.4 89.7 7.8 0.6 5.9 13.1 2.5 10.6 100.0 2.2 90.4 7.4 0.6 6.0 12.8 2.7 10.1 100.0 1.8 91.0 7.3 0.6 4.6 11.3 2.4 8.9 192,694 4,422 171,718 16,554 1,249 8,217 23,523 5,107 18,416 7,146 11,269 203,775 (19) 215,025 198,895 4,853 179,512 14,531 1,702 9,075 21,904 4,311 17,593 7,636 9,958 213,512 (57) 223,413 208,127 5,015 186,779 16,333 1,234 12,215 27,314 5,164 22,150 7,759 14,391 224,073 178 238,642 208,135 4,628 188,196 15,311 1,260 12,524 26,575 5,522 21,053 13,716 7,337 238,576 (59) 245,855 254,156 4,543 231,157 18,455 1,460 11,727 28,722 5,985 22,737 3,794 18,943 246,065 354 265,362 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 18 U.S. Census Bureau Petroleum and Coal Products Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 3Q 2004 Chemicals 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Chemicals Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 1,111 28 1,015 67 7 (2) 59 (2) 61 43 18 739 57 813 1,519 31 1,347 140 7 2 135 4 131 18 113 654 4 770 1,118 25 1,044 49 8 4 46 3 42 96 (53) 514 (5) 456 1,072 23 992 58 12 34 80 3 77 25 52 393 16 462 1,077 19 942 116 8 2 110 3 107 6 101 357 (44) 414 144,593 5,348 130,192 9,054 3,595 13,835 19,294 5,561 13,733 9,675 4,058 222,555 (5,563) 221,050 (million dollars) 143,418 5,459 126,161 11,798 3,519 15,099 23,378 5,147 18,232 6,266 11,965 220,360 (2,224) 230,101 149,605 5,514 135,967 8,124 3,969 12,533 16,688 3,598 13,091 10,744 2,346 229,084 (3,305) 228,126 155,829 5,639 134,275 15,915 4,065 13,664 25,514 5,019 20,495 10,368 10,127 225,559 (5,844) 229,843 158,680 5,650 138,774 14,256 4,060 12,929 23,125 5,173 17,952 10,378 7,575 227,146 (1,858) 232,863 6,420 115 5,841 464 43 (16) 406 56 350 181 169 3,686 19 3,875 (million dollars) 6,467 138 5,818 512 52 (134) 326 64 262 172 90 3,486 32 3,608 5,800 161 5,609 30 57 (13) (39) 25 (64) 180 (244) 3,199 6 2,962 6,211 126 5,670 415 58 12 369 71 298 135 163 2,398 (17) 2,545 6,706 143 6,076 487 73 10 424 77 347 196 151 1,890 (73) 1,968 (percent of net sales) 100.0 2.5 91.4 6.1 0.6 (0.2) 5.3 (0.2) 5.5 100.0 2.1 88.7 9.2 0.4 0.1 8.9 0.3 8.6 (percent) 100.0 2.2 93.4 4.4 0.7 0.4 4.1 0.3 3.8 100.0 2.1 92.5 5.4 1.1 3.2 7.5 0.3 7.2 100.0 1.8 87.5 10.7 0.7 0.2 10.2 0.3 10.0 100.0 3.7 90.0 6.3 2.5 9.6 13.3 3.8 9.5 (percent of net sales) 100.0 3.8 88.0 8.2 2.5 10.5 16.3 3.6 12.7 (percent) 100.0 3.7 90.9 5.4 2.7 8.4 11.2 2.4 8.8 100.0 3.6 86.2 10.2 2.6 8.8 16.4 3.2 13.2 100.0 3.6 87.5 9.0 2.6 8.1 14.6 3.3 11.3 100.0 1.8 91.0 7.2 0.7 (0.2) 6.3 0.9 5.4 (percent of net sales) 100.0 2.1 90.0 7.9 0.8 (2.1) 5.0 1.0 4.1 (percent) 100.0 2.8 96.7 0.5 1.0 (0.2) (0.7) 0.4 (1.1) 100.0 2.0 91.3 6.7 0.9 0.2 5.9 1.1 4.8 100.0 2.1 90.6 7.3 1.1 0.2 6.3 1.1 5.2 21.84 22.67 10.98 11.40 41.63 40.29 23.30 22.55 20.15 18.77 10.12 9.43 34.57 33.11 16.79 16.08 49.09 47.80 26.74 26.03 20.47 14.57 8.07 5.75 24.04 18.75 9.64 7.52 16.93 13.28 6.71 5.26 25.30 20.32 10.13 8.14 22.68 17.61 9.14 7.10 30.02 25.88 13.27 11.44 22.08 17.77 9.82 7.91 (2.83) (4.65) (1.21) (1.99) 28.98 23.41 11.01 8.90 31.14 25.48 12.06 9.87 1.71 0.32 1.62 2.24 0.47 2.34 1.80 0.35 1.67 1.64 0.27 1.68 1.91 0.40 2.21 1.00 0.19 1.49 1.03 0.20 1.55 1.01 0.20 1.54 1.06 0.22 1.56 1.07 0.22 1.60 1.72 0.29 1.53 1.80 0.34 1.49 1.75 0.32 1.41 1.69 0.25 1.17 1.76 0.32 1.13 19 U.S. Census Bureau Table 5.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 324 and Subsector 325 Petroleum and Coal Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.6 8.7 3.7 19.6 32.5 1.7 15.5 16.5 52.7 47.3 5.5 9.1 3.7 21.2 31.4 1.7 17.0 16.2 53.4 46.6 6.1 9.4 3.3 21.5 30.7 1.4 16.0 15.7 51.4 48.6 6.3 8.7 3.6 21.6 30.7 1.4 16.8 15.3 52.7 47.3 6.1 9.4 4.0 22.9 29.8 1.5 17.7 15.1 51.8 48.2 23,205 24,339 33,184 29,052 32,498 411 2,504 42,292 7,313 209 6,646 28,114 87,488 3,507 89,664 116,773 297,432 52,426 215,025 267,451 564,883 315 2,301 48,321 5,021 317 6,966 35,553 98,795 3,435 90,617 117,552 310,398 47,701 223,413 271,114 581,512 241 2,464 49,352 5,609 418 5,281 31,663 95,028 2,878 90,381 117,920 306,208 50,733 238,642 289,375 595,583 315 2,756 50,756 7,684 383 4,894 36,510 103,299 2,877 91,194 125,655 323,025 44,468 245,855 290,323 613,348 343 3,678 58,304 4,732 331 4,983 40,294 112,664 2,845 93,151 120,017 328,677 40,705 265,362 306,067 634,744 6,526 308 6,834 19,088 25,922 49,285 20,898 14,587 110,692 330,116 32,421 179,163 183,373 270,818 564,883 2Q 2004 3Q 2004 (million dollars) 7,658 3,241 10,899 20,867 31,765 52,931 21,674 16,763 123,134 329,571 31,529 178,259 182,841 275,538 581,512 10,641 2,091 12,732 23,849 36,581 55,926 19,703 16,002 128,212 331,009 31,571 179,445 183,136 284,235 595,583 10,768 2,246 13,014 25,728 38,742 53,499 22,379 17,730 132,350 340,637 31,201 183,459 188,379 292,618 613,348 11,037 2,795 13,832 24,730 38,562 59,746 25,326 21,527 145,162 342,161 30,798 183,587 189,371 300,211 634,744 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 20 U.S. Census Bureau Petroleum and Coal Products Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 3Q 2004 Chemicals 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Chemicals Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 192 12 204 20 224 592 296 69 1,181 1,731 94 985 840 122 2,143 247 4 251 42 293 728 278 108 1,407 1,998 88 1,283 803 110 2,320 148 13 161 26 187 452 283 55 977 1,788 69 1,164 692 131 1,801 171 9 180 0 180 496 339 100 1,114 1,735 62 1,113 683 118 1,915 160 0 160 62 223 467 332 30 1,052 1,326 38 855 509 86 1,646 25,942 3,854 29,796 11,188 40,985 72,325 61,046 45,947 220,303 361,016 8,602 192,724 176,894 558,540 955,738 (million dollars) 26,974 4,365 31,339 11,902 43,241 71,116 61,215 48,590 224,162 359,328 8,572 193,166 174,734 571,236 970,132 27,001 4,076 31,077 14,774 45,851 71,086 66,087 46,441 229,466 361,218 7,815 191,086 177,947 587,382 24,860 8,226 33,086 16,676 49,762 77,065 69,730 47,345 243,902 364,188 7,873 194,043 178,019 585,175 26,599 7,043 33,642 16,165 49,806 78,530 68,386 49,512 246,234 364,565 7,902 195,415 177,053 588,367 1,093 92 1,186 145 1,330 3,342 2,853 439 7,964 7,157 185 4,297 3,046 1,220 12,230 (million dollars) 1,375 93 1,468 144 1,611 3,448 3,026 462 8,547 8,034 183 4,774 3,442 1,268 13,257 1,267 67 1,335 160 1,495 3,213 3,078 380 8,165 7,595 207 4,581 3,221 1,438 12,824 1,095 80 1,175 153 1,328 3,626 3,496 480 8,930 7,791 193 4,708 3,276 1,183 13,388 1,192 82 1,274 392 1,666 3,675 3,370 496 9,207 8,653 197 5,209 3,641 1,217 14,065 994,795 1,007,096 1,011,653 167 35 294 (8) 60 52 91 691 199 152 23 1,065 265 813 1,078 2,143 109 20 334 (1) 43 46 79 629 140 197 55 1,021 529 770 1,299 2,320 121 60 237 3 37 10 74 542 79 233 42 896 449 456 905 1,801 131 89 276 5 45 4 129 678 85 199 23 985 468 462 930 1,915 141 67 221 2 14 5 100 550 27 152 21 750 483 414 897 1,646 6,540 40,909 40,520 12,447 2,535 17,770 99,758 220,478 33,756 151,399 173,087 578,720 155,968 221,050 377,018 955,738 7,269 36,170 40,174 16,052 2,411 17,193 99,285 218,554 33,404 154,657 174,553 581,167 158,865 230,101 388,965 970,132 7,591 35,531 43,119 14,654 2,384 18,841 105,915 228,035 32,744 158,218 181,493 600,490 166,179 228,126 394,305 8,877 36,596 43,161 16,549 3,289 18,126 103,174 229,772 32,851 158,608 182,415 603,647 173,607 229,843 403,449 7,315 35,827 43,953 16,939 2,578 17,939 105,415 229,967 32,434 159,276 182,194 603,872 174,918 232,863 407,782 961 202 2,246 53 301 261 621 4,644 1,014 796 369 6,823 1,532 3,875 5,407 12,230 1,031 109 2,107 74 362 260 814 4,757 1,122 1,063 416 7,358 2,292 3,608 5,900 13,257 854 127 2,130 58 336 248 905 4,658 1,212 1,122 342 7,334 2,529 2,962 5,490 12,824 1,130 148 2,557 81 303 205 875 5,297 1,165 1,388 451 8,302 2,542 2,545 5,087 13,388 1,141 140 2,434 103 427 103 883 5,230 1,248 1,767 373 8,618 3,479 1,968 5,447 14,065 994,795 1,007,096 1,011,653 489 778 436 436 501 (175) 5,609 1,431 14,129 16,267 3,320 3,790 3,507 3,633 3,978 (percent of total assets) (percent of total assets) (percent of total assets) 10.4 27.6 13.8 55.1 39.2 14.7 32.3 16.4 49.7 50.3 12.6 31.4 12.0 60.7 34.6 9.4 27.1 14.5 44.0 56.0 10.4 25.1 15.7 54.3 38.5 12.7 30.1 17.4 49.8 50.2 9.4 25.9 17.7 58.2 35.7 14.0 35.4 14.8 51.4 48.6 13.5 28.4 20.2 63.9 30.9 13.8 33.4 10.9 45.5 54.5 4.3 7.6 6.4 23.1 18.5 7.1 23.1 19.4 60.6 39.4 4.5 7.3 6.3 23.1 18.0 6.5 22.5 19.4 59.9 40.1 4.6 7.1 6.6 23.1 17.9 6.5 22.9 19.2 60.4 39.6 4.9 7.7 6.9 24.2 17.7 6.6 22.8 19.0 59.9 40.1 4.9 7.8 6.8 24.3 17.5 6.3 22.7 19.0 59.7 40.3 10.9 27.3 23.3 65.1 24.9 14.1 38.0 14.8 55.8 44.2 12.2 26.0 22.8 64.5 26.0 13.3 35.9 16.5 55.5 44.5 11.7 25.1 24.0 63.7 25.1 12.2 36.3 18.2 57.2 42.8 9.9 27.1 26.1 66.7 24.5 13.3 39.6 19.1 62.0 38.0 11.8 26.1 24.0 65.5 25.9 12.9 37.2 21.4 61.3 38.7 21 U.S. Census Bureau Table 6.0—Income Statement For Corporations in NAICS Manufacturing Industry Groups 3251 and 3252, and Industry Group 3254 Basic Chemicals, Resins, and Synthetics1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 4.8 91.4 3.8 3.6 5.2 5.4 1.8 3.6 100.0 5.2 91.7 3.0 3.6 5.5 4.8 0.6 4.3 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 43,839 2,085 40,077 1,677 1,574 2,269 2,372 806 1,565 1,132 434 26,929 (144) 27,218 42,845 2,245 39,308 1,292 1,559 2,338 2,071 238 1,833 1,499 334 26,752 (39) 27,048 44,942 2,022 42,585 335 1,644 1,910 601 (279) 880 1,119 (239) 27,361 (203) 26,919 50,330 2,115 44,219 3,997 1,682 2,798 5,113 1,437 3,676 1,195 2,481 27,649 (399) 29,731 50,598 2,107 44,521 3,970 1,665 2,978 5,283 1,676 3,607 1,246 2,361 29,306 (61) 31,606 (percent of net sales) 100.0 4.5 94.8 0.7 3.7 4.3 1.3 (0.6) 2.0 100.0 4.2 87.9 7.9 3.3 5.6 10.2 2.9 7.3 100.0 4.2 88.0 7.8 3.3 5.9 10.4 3.3 7.1 15.74 10.39 3.83 2.53 13.85 12.26 3.31 2.93 3.89 5.70 0.95 1.38 30.92 22.23 7.85 5.64 29.76 20.32 8.04 5.49 1.13 0.12 0.78 1.09 0.13 0.78 1.15 0.13 0.83 1.14 0.13 0.84 1.14 0.12 0.94 Included in Chemicals. 22 U.S. Census Bureau Basic Chemicals, Resins, and Synthetics Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Pharmaceuticals and Medicines1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Pharmaceuticals and Medicines Total Assets Under $25 Million1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 1,412 30 1,251 131 8 (17) 106 10 96 28 68 873 (10) 931 1,338 37 1,237 64 9 (72) (16) 12 (28) 25 (53) 891 10 848 1,388 31 1,357 0 12 (8) (21) 0 (21) 17 (38) 625 (31) 556 1,303 32 1,173 98 8 (4) 85 9 76 47 30 691 (3) 718 1,280 30 1,160 90 16 (7) 67 10 57 22 35 781 (4) 812 58,169 1,794 53,203 3,173 991 9,865 12,047 3,223 8,824 6,929 1,894 137,663 (3,616) 135,941 (million dollars) 59,621 1,908 51,768 5,945 891 9,627 14,681 3,265 11,416 3,266 8,149 135,943 (1,744) 142,349 64,913 2,005 57,564 5,344 1,041 3,874 8,177 3,117 5,059 7,231 (2,171) 139,221 (2,032) 135,018 64,032 2,108 53,991 7,933 1,136 9,105 15,902 2,309 13,593 6,734 6,860 132,309 (3,872) 135,297 62,744 2,124 54,752 5,868 1,058 7,836 12,646 2,193 10,453 7,282 3,171 132,835 (363) 135,644 741 16 660 65 6 5 64 11 53 68 (15) 622 5 613 (million dollars) 859 24 775 61 7 2 57 10 47 19 28 456 (17) 467 896 21 876 (1) 9 5 (6) 7 (14) 43 (57) (207) 24 (241) 957 25 864 69 16 8 61 15 46 25 21 (572) (28) (579) 861 22 826 13 15 7 4 4 0 49 (49) (1,370) (8) (1,427) (percent of net sales) 100.0 2.1 88.6 9.2 0.6 (1.2) 7.5 0.7 6.8 100.0 2.8 92.4 4.8 0.7 (5.4) (1.2) 0.9 (2.1) (percent) 100.0 2.2 97.8 0.0 0.9 (0.6) (1.5) 0.0 (1.5) 100.0 2.5 90.0 7.5 0.6 (0.3) 6.6 0.7 5.8 100.0 2.4 90.6 7.0 1.2 (0.6) 5.2 0.8 4.4 100.0 3.1 91.5 5.5 1.7 17.0 20.7 5.5 15.2 (percent of net sales) 100.0 3.2 86.8 10.0 1.5 16.1 24.6 5.5 19.1 (percent) 100.0 3.1 88.7 8.2 1.6 6.0 12.6 4.8 7.8 100.0 3.3 84.3 12.4 1.8 14.2 24.8 3.6 21.2 100.0 3.4 87.3 9.4 1.7 12.5 20.2 3.5 16.7 100.0 2.2 89.1 8.7 0.8 0.7 8.6 1.5 7.1 (percent of net sales) 100.0 2.7 90.2 7.1 0.8 0.3 6.6 1.2 5.4 (percent) 100.0 2.4 97.8 (0.2) 1.0 0.5 (0.7) 0.8 (1.5) 100.0 2.6 90.2 7.2 1.6 0.8 6.3 1.5 4.8 100.0 2.5 96.0 1.5 1.8 0.8 0.5 0.5 0.0 26.62 24.21 14.57 13.25 (4.47) (7.68) (2.25) (3.87) (7.67) (7.74) (2.99) (3.01) 32.01 28.54 13.47 12.01 24.25 20.61 9.54 8.11 20.83 15.26 10.13 7.42 24.35 18.93 12.12 9.43 13.53 8.37 6.56 4.06 25.62 21.90 12.65 10.82 20.35 16.82 10.06 8.31 31.25 25.94 16.84 13.98 19.34 15.92 11.52 9.48 (2.24) (4.89) (1.22) (2.66) 28.41 21.61 10.29 7.83 2.02 0.08 0.72 0.03 2.01 0.41 2.42 1.82 0.32 1.89 1.63 0.19 1.14 1.72 0.22 1.31 1.74 0.21 1.14 0.98 0.27 2.38 1.00 0.28 2.51 0.97 0.27 2.41 1.10 0.34 2.53 1.12 0.35 2.55 2.44 0.50 1.96 2.77 0.69 2.67 2.29 0.48 2.09 1.97 0.30 0.88 2.07 0.60 0.86 23 U.S. Census Bureau Table 6.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Groups 3251 and 3252, and Industry Group 3254 Basic Chemicals, Resins, and Synthetics1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 3,984 1,510 5,494 1,522 7,016 24,755 19,802 12,746 64,319 163,899 3,457 99,210 68,145 115,069 247,533 4,365 1,428 5,792 1,819 7,611 23,975 20,696 13,043 65,326 162,418 3,402 99,391 66,429 118,853 250,608 4,531 1,046 5,577 2,218 7,795 24,247 22,224 12,671 66,936 163,882 3,482 97,672 69,693 117,746 254,375 4,326 1,203 5,529 2,266 7,795 26,751 23,196 12,226 69,969 164,884 3,457 99,276 69,065 121,590 260,624 4,110 781 4,891 2,512 7,403 26,702 23,040 12,269 69,414 164,424 3,483 99,541 68,365 125,154 262,933 1,473 6,391 16,084 3,024 962 4,244 24,529 56,707 14,151 49,953 66,460 187,271 33,044 27,218 60,262 247,533 2,543 6,765 15,956 3,338 874 3,854 26,381 59,712 14,026 49,010 68,070 190,817 32,743 27,048 59,790 250,608 2,470 3,540 17,046 3,104 774 3,566 27,548 58,047 13,549 50,884 70,086 192,565 34,891 26,919 61,810 254,375 2,523 6,774 17,255 3,148 1,079 4,801 25,640 61,221 12,993 50,305 69,950 194,470 36,423 29,731 66,154 260,624 2,315 6,867 16,805 3,767 896 4,730 25,433 60,812 12,917 47,774 70,433 191,936 39,391 31,606 70,997 262,933 7,612 5,614 8,889 8,748 8,602 (percent of total assets) 2.8 10.0 8.0 26.0 27.5 5.3 22.9 25.9 75.7 24.3 3.0 9.6 8.3 26.1 26.5 5.6 23.8 25.2 76.1 23.9 3.1 9.5 8.7 26.3 27.4 4.1 22.8 25.3 75.7 24.3 3.0 10.3 8.9 26.8 26.5 5.8 23.5 24.3 74.6 25.4 2.8 10.2 8.8 26.4 26.0 5.6 23.1 23.1 73.0 27.0 Included in Chemicals. 24 U.S. Census Bureau Basic Chemicals, Resins, and Synthetics Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Pharmaceuticals and Medicines1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Pharmaceuticals and Medicines Total Assets Under $25 Million1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 280 14 294 46 340 738 536 55 1,668 2,203 73 1,298 978 258 2,904 225 2 227 58 285 741 514 80 1,620 2,319 70 1,339 1,050 228 2,898 137 12 149 40 189 778 624 44 1,636 1,970 72 1,113 929 191 2,755 161 3 164 38 202 770 563 42 1,577 2,009 66 1,253 822 140 2,539 155 33 188 24 212 900 590 59 1,761 2,261 60 1,517 805 223 2,789 18,341 1,714 20,054 7,524 27,578 26,292 23,609 21,066 98,546 112,391 2,530 46,799 68,123 308,939 475,608 (million dollars) 18,192 2,211 20,403 7,383 27,787 27,153 22,805 22,501 100,246 112,185 2,577 46,003 68,759 315,457 484,462 18,179 2,423 20,602 9,107 29,709 27,865 25,675 22,044 105,293 115,064 2,553 47,418 70,199 322,752 498,243 16,673 6,410 23,084 11,795 34,879 29,075 27,097 23,144 114,195 116,765 2,602 48,337 71,030 317,485 502,709 18,723 5,798 24,521 11,815 36,336 28,870 26,403 24,035 115,643 115,941 2,586 48,612 69,915 317,489 503,047 179 0 179 16 194 339 340 82 956 702 22 365 359 199 1,513 (million dollars) 320 7 327 4 330 406 445 151 1,332 939 17 496 459 182 1,973 259 6 265 18 283 417 522 115 1,336 926 19 532 413 304 2,053 180 2 182 27 208 483 544 142 1,377 1,234 25 620 640 345 2,363 199 5 204 247 450 442 526 151 1,568 1,169 23 593 599 237 2,404 162 4 466 10 44 20 123 829 272 157 56 1,314 659 931 1,590 2,904 188 5 433 13 76 17 156 888 293 196 60 1,437 613 848 1,461 2,898 238 7 549 12 27 19 148 1,001 387 261 32 1,682 518 556 1,074 2,755 261 9 486 10 17 12 120 916 342 171 42 1,471 350 718 1,068 2,539 276 4 546 9 62 8 108 1,013 408 206 65 1,692 286 812 1,097 2,789 1,114 15,802 11,792 4,892 385 10,095 56,848 100,927 6,628 63,219 73,519 244,295 95,372 135,941 231,313 475,608 2,042 14,814 12,194 7,564 428 8,515 55,026 100,583 6,691 63,660 72,338 243,272 98,841 142,349 241,190 484,462 2,299 16,395 13,253 7,031 227 8,753 60,105 108,064 6,359 66,199 75,961 256,582 106,643 135,018 241,661 498,243 3,053 14,001 12,367 8,393 431 6,787 58,916 103,947 6,576 67,315 76,590 254,428 112,985 135,297 248,282 502,709 1,765 13,659 12,720 7,216 442 6,968 60,583 103,353 6,287 68,539 76,282 254,460 112,943 135,644 248,586 503,047 43 15 171 8 35 26 95 392 116 181 8 698 203 613 815 1,513 56 31 178 15 28 22 149 480 136 166 15 798 708 467 1,175 1,973 88 23 221 4 70 24 154 584 130 200 23 936 1,357 (241) 1,117 2,053 81 45 291 18 63 25 177 701 154 607 45 1,507 1,435 (579) 856 2,363 79 50 280 25 82 21 219 756 100 661 36 1,553 2,277 (1,427) 851 2,404 840 732 635 661 748 (2,381) (338) (2,771) 10,247 12,290 563 852 753 677 812 (percent of total assets) (percent of total assets) (percent of total assets) 11.7 25.4 18.4 57.4 33.7 7.9 28.5 14.8 45.2 54.8 9.8 25.6 17.7 55.9 36.2 9.9 30.7 16.8 49.6 50.4 6.9 28.3 22.6 59.4 33.7 10.6 36.3 23.5 61.0 39.0 8.0 30.3 22.2 62.1 32.4 11.8 36.1 20.2 57.9 42.1 7.6 32.3 21.2 63.2 28.9 12.5 36.3 22.0 60.7 39.3 5.8 5.5 5.0 20.7 14.3 5.8 21.2 14.7 51.4 48.6 5.7 5.6 4.7 20.7 14.2 5.3 20.8 14.5 50.2 49.8 6.0 5.6 5.2 21.1 14.1 5.6 21.7 14.6 51.5 48.5 6.9 5.8 5.4 22.7 14.1 4.8 20.7 14.7 50.6 49.4 7.2 5.7 5.2 23.0 13.9 4.5 20.5 14.9 50.6 49.4 12.9 22.4 22.5 63.2 23.7 7.9 25.9 19.6 46.1 53.9 16.7 20.6 22.6 67.5 23.3 7.0 24.3 15.3 40.4 59.6 13.8 20.3 25.4 65.1 20.1 10.0 28.4 16.1 45.6 54.4 8.8 20.4 23.0 58.3 27.1 9.1 29.7 32.2 63.8 36.2 18.7 18.4 21.9 65.2 24.9 9.7 31.5 31.7 64.6 35.4 25 U.S. Census Bureau Table 7.0—Income Statement For Corporations in NAICS Manufacturing Industry Groups 3253, 3255, 3256 and 3259, and Subsector 326 All Other Chemicals1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 3.4 86.7 9.9 2.4 4.0 11.4 3.6 7.9 100.0 3.2 85.7 11.1 2.6 7.7 16.2 4.0 12.2 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 42,585 1,469 36,912 4,204 1,030 1,701 4,875 1,531 3,344 1,614 1,730 57,964 (1,803) 57,891 40,952 1,306 35,085 4,561 1,069 3,135 6,627 1,644 4,983 1,502 3,481 57,665 (442) 60,704 39,750 1,487 35,817 2,445 1,285 6,749 7,910 759 7,151 2,395 4,756 62,502 (1,070) 66,189 41,467 1,417 36,066 3,985 1,247 1,761 4,499 1,272 3,226 2,439 787 65,600 (1,572) 64,815 45,338 1,419 39,501 4,418 1,336 2,115 5,197 1,304 3,893 1,851 2,043 65,005 (1,434) 65,614 (percent of net sales) 100.0 3.7 90.1 6.2 3.2 17.0 19.9 1.9 18.0 100.0 3.4 87.0 9.6 3.0 4.2 10.8 3.1 7.8 100.0 3.1 87.1 9.7 2.9 4.7 11.5 2.9 8.6 22.82 15.65 8.38 5.75 30.13 22.65 11.28 8.48 34.83 31.49 13.07 11.81 20.22 14.50 7.38 5.29 23.57 17.66 8.46 6.34 0.91 0.10 1.09 1.01 0.13 1.13 0.92 0.13 1.13 0.92 0.11 1.09 0.93 0.09 1.07 Included in Chemicals. 26 U.S. Census Bureau All Other Chemicals Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Plastics and Rubber Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Plastics and Rubber Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 4,267 69 3,929 269 29 (4) 236 36 201 84 116 2,191 24 2,331 4,270 77 3,806 386 37 (64) 285 42 243 129 115 2,139 38 2,292 3,516 108 3,376 32 35 (9) (12) 17 (29) 120 (149) 2,782 14 2,646 3,951 70 3,633 248 35 9 222 47 175 63 112 2,279 14 2,405 4,566 91 4,090 384 42 11 353 63 290 126 165 2,480 (61) 2,583 37,481 1,314 33,669 2,499 680 (260) 1,559 364 1,195 578 617 13,809 (48) 14,378 (million dollars) 37,265 1,299 33,830 2,136 685 88 1,539 455 1,085 440 644 14,384 (220) 14,809 37,462 1,356 34,352 1,754 726 221 1,249 90 1,159 591 568 15,138 856 16,562 37,277 1,278 34,257 1,742 748 172 1,166 160 1,006 603 403 15,680 (51) 16,032 39,857 1,305 36,068 2,484 775 190 1,899 306 1,593 561 1,032 17,319 (41) 18,310 10,130 262 9,088 780 79 (3) 698 80 618 277 341 5,191 59 5,591 (million dollars) 10,051 287 9,106 659 85 0 574 75 499 182 317 5,771 (135) 5,952 9,837 272 9,142 423 85 (21) 317 49 268 226 41 5,752 (73) 5,721 10,118 288 9,252 578 87 (10) 480 74 406 380 26 5,449 (20) 5,455 10,489 253 9,254 982 79 (46) 857 66 792 278 514 5,562 62 6,139 (percent of net sales) 100.0 1.6 92.1 6.3 0.7 (0.1) 5.5 0.8 4.7 100.0 1.8 89.1 9.0 0.9 (1.5) 6.7 1.0 5.7 (percent) 100.0 3.1 96.0 0.9 1.0 (0.3) (0.3) 0.5 (0.8) 100.0 1.8 92.0 6.3 0.9 0.2 5.6 1.2 4.4 100.0 2.0 89.6 8.4 0.9 0.2 7.7 1.4 6.4 100.0 3.5 89.8 6.7 1.8 (0.7) 4.2 1.0 3.2 (percent of net sales) 100.0 3.5 90.8 5.7 1.8 0.2 4.1 1.2 2.9 (percent) 100.0 3.6 91.7 4.7 1.9 0.6 3.3 0.2 3.1 100.0 3.4 91.9 4.7 2.0 0.5 3.1 0.4 2.7 100.0 3.3 90.5 6.2 1.9 0.5 4.8 0.8 4.0 100.0 2.6 89.7 7.7 0.8 0.0 6.9 0.8 6.1 (percent of net sales) 100.0 2.9 90.6 6.6 0.8 0.0 5.7 0.7 5.0 (percent) 100.0 2.8 92.9 4.3 0.9 (0.2) 3.2 0.5 2.7 100.0 2.8 91.4 5.7 0.9 (0.1) 4.7 0.7 4.0 100.0 2.4 88.2 9.4 0.8 (0.4) 8.2 0.6 7.5 31.49 26.75 12.10 10.28 34.95 29.83 13.60 11.61 (1.46) (3.56) (0.60) (1.46) 28.12 22.17 10.48 8.26 40.37 33.18 15.92 13.09 19.17 14.70 5.06 3.88 18.81 13.26 4.95 3.49 14.44 13.40 4.01 3.72 13.60 11.73 3.66 3.15 21.97 18.42 6.02 5.05 34.93 30.93 15.11 13.38 27.48 23.89 12.05 10.47 16.35 13.83 7.14 6.03 25.12 21.25 10.33 8.74 42.57 39.31 19.18 17.72 1.56 0.23 1.22 1.65 0.29 1.19 1.69 0.33 1.36 1.62 0.25 1.24 1.70 0.29 1.22 1.67 0.22 0.68 1.61 0.23 0.67 1.62 0.27 0.75 1.55 0.22 0.70 1.60 0.21 0.74 1.87 0.35 1.29 1.86 0.34 1.30 1.94 0.38 1.27 1.71 0.29 1.11 1.98 0.35 1.38 27 U.S. Census Bureau Table 7.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Groups 3253, 3255, 3256 and 3259, and Subsector 326 All Other Chemicals1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 3,618 630 4,248 2,142 6,390 21,278 17,634 12,135 57,438 84,726 2,615 46,715 40,626 134,533 232,597 4,417 726 5,143 2,700 7,843 19,988 17,714 13,046 58,591 84,725 2,593 47,773 39,545 136,926 235,062 4,292 606 4,898 3,450 8,348 18,975 18,188 11,726 57,237 82,271 1,780 45,996 38,056 146,884 242,176 3,861 613 4,473 2,615 7,088 21,239 19,437 11,974 59,739 82,539 1,814 46,430 37,924 146,100 243,763 3,766 463 4,229 1,838 6,068 22,957 18,943 13,208 61,177 84,201 1,833 47,262 38,772 145,725 245,674 3,953 18,716 12,644 4,530 1,188 3,432 18,381 62,844 12,977 38,227 33,107 147,154 27,552 57,891 85,443 232,597 2,683 14,590 12,025 5,149 1,110 4,824 17,878 58,259 12,686 41,987 34,144 147,077 27,281 60,704 87,985 235,062 2,822 15,596 12,821 4,519 1,383 6,522 18,261 61,924 12,836 41,136 35,447 151,342 24,645 66,189 90,834 242,176 3,301 15,821 13,539 5,008 1,779 6,538 18,618 64,605 13,282 40,988 35,875 154,749 24,198 64,815 89,013 243,763 3,235 15,301 14,428 5,955 1,241 6,241 19,400 65,802 13,231 42,963 35,480 157,475 22,584 65,614 88,198 245,674 (5,406) 332 (4,687) (4,866) (4,625) (percent of total assets) 2.7 9.1 7.6 24.7 17.5 11.7 27.0 22.0 63.3 36.7 3.3 8.5 7.5 24.9 16.8 9.9 24.8 23.3 62.6 37.4 3.4 7.8 7.5 23.6 15.7 10.9 25.6 22.3 62.5 37.5 2.9 8.7 8.0 24.5 15.6 11.3 26.5 22.3 63.5 36.5 2.5 9.3 7.7 24.9 15.8 10.6 26.8 22.9 64.1 35.9 Included in Chemicals. 28 U.S. Census Bureau All Other Chemicals Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Plastics and Rubber Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Plastics and Rubber Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 635 78 713 82 795 2,265 1,978 302 5,340 4,253 90 2,634 1,709 764 7,812 830 84 914 82 996 2,302 2,066 231 5,595 4,776 96 2,939 1,933 858 8,386 871 49 920 102 1,022 2,018 1,932 221 5,193 4,699 116 2,936 1,879 944 8,016 754 75 829 89 917 2,373 2,389 296 5,975 4,547 103 2,836 1,814 697 8,487 838 45 883 121 1,004 2,333 2,254 287 5,878 5,223 114 3,099 2,237 757 8,872 4,964 164 5,129 1,443 6,572 18,511 17,029 7,505 49,616 80,937 1,420 48,543 33,815 39,744 123,175 (million dollars) 5,800 226 6,025 1,360 7,386 18,660 17,599 7,230 50,875 80,753 1,575 48,645 33,683 39,880 124,438 6,903 252 7,155 1,215 8,370 17,788 17,574 6,946 50,678 79,203 1,491 48,141 32,553 41,312 124,542 6,089 149 6,238 1,100 7,338 18,899 19,298 6,643 52,178 81,664 1,459 50,034 33,088 42,315 127,582 5,310 159 5,469 1,168 6,637 19,550 19,155 6,542 51,884 82,375 1,309 50,789 32,894 41,363 126,141 1,839 69 1,909 270 2,179 4,958 3,802 551 11,489 15,702 308 10,510 5,500 1,480 18,470 (million dollars) 1,763 201 1,964 195 2,159 4,895 4,004 600 11,658 16,730 467 11,288 5,910 1,484 19,051 1,714 244 1,958 252 2,210 4,622 3,916 602 11,351 15,604 385 10,964 5,026 1,375 17,751 1,778 137 1,914 105 2,020 5,018 4,163 639 11,840 15,387 398 10,596 5,189 1,573 18,602 1,675 144 1,818 194 2,012 5,094 3,859 592 11,558 15,452 205 10,861 4,795 1,519 17,872 756 182 1,609 35 223 214 402 3,423 626 458 304 4,811 670 2,331 3,002 7,812 786 73 1,496 46 258 221 509 3,389 693 701 340 5,123 971 2,292 3,263 8,386 527 97 1,360 42 239 206 603 3,073 694 661 287 4,716 654 2,646 3,300 8,016 787 93 1,780 52 223 167 577 3,681 669 610 364 5,324 758 2,405 3,163 8,487 785 85 1,608 68 283 75 556 3,461 740 900 272 5,373 916 2,583 3,499 8,872 2,495 466 10,951 551 2,338 1,991 10,891 29,682 19,909 20,772 20,284 90,647 18,149 14,378 32,527 123,175 3,795 408 11,208 604 2,475 2,074 11,028 31,591 19,138 20,782 20,200 91,711 17,917 14,809 32,727 124,438 3,608 454 11,151 499 2,153 2,317 11,078 31,260 18,690 19,183 20,822 89,955 18,025 16,562 34,588 124,542 4,521 537 11,580 608 3,172 2,651 10,645 33,714 18,872 19,354 21,334 93,275 18,276 16,032 34,307 127,582 4,057 235 11,817 423 2,882 2,024 10,906 32,344 18,417 19,334 21,473 91,567 16,264 18,310 34,574 126,141 1,008 149 2,812 74 688 404 1,007 6,141 2,303 1,642 393 10,479 2,400 5,591 7,991 18,470 1,253 55 2,765 76 732 355 1,032 6,269 2,531 1,511 390 10,701 2,398 5,952 8,350 19,051 1,124 82 2,553 36 645 441 965 5,845 2,268 1,522 371 10,005 2,025 5,721 7,746 17,751 1,628 183 2,733 30 786 566 979 6,906 2,127 1,616 305 10,953 2,194 5,455 7,649 18,602 1,298 142 2,637 42 626 171 909 5,824 2,065 1,541 387 9,817 1,916 6,139 8,055 17,872 1,917 2,206 2,119 2,295 2,417 19,934 19,284 19,418 18,464 19,540 5,348 5,389 5,506 4,934 5,733 (percent of total assets) (percent of total assets) (percent of total assets) 10.2 29.0 25.3 68.3 21.9 17.6 43.8 13.9 61.6 38.4 11.9 27.4 24.6 66.7 23.0 16.0 40.4 16.6 61.1 38.9 12.8 25.2 24.1 64.8 23.4 13.3 38.3 16.9 58.8 41.2 10.8 28.0 28.1 70.4 21.4 15.0 43.4 15.1 62.7 37.3 11.3 26.3 25.4 66.3 25.2 13.8 39.0 18.5 60.6 39.4 5.3 15.0 13.8 40.3 27.5 5.9 24.1 33.0 73.6 26.4 5.9 15.0 14.1 40.9 27.1 7.0 25.4 32.1 73.7 26.3 6.7 14.3 14.1 40.7 26.1 6.9 25.1 30.4 72.2 27.8 5.8 14.8 15.1 40.9 25.9 8.5 26.4 30.0 73.1 26.9 5.3 15.5 15.2 41.1 26.1 7.3 25.6 29.9 72.6 27.4 11.8 26.8 20.6 62.2 29.8 12.2 33.2 21.4 56.7 43.3 11.3 25.7 21.0 61.2 31.0 12.6 32.9 21.2 56.2 43.8 12.5 26.0 22.1 63.9 28.3 12.9 32.9 21.4 56.4 43.6 10.9 27.0 22.4 63.6 27.9 17.0 37.1 20.1 58.9 41.1 11.3 28.5 21.6 64.7 26.8 12.5 32.6 20.2 54.9 45.1 29 U.S. Census Bureau Table 8.0—Income Statement For Corporations in NAICS Durable Manufacturing Subsectors and Manufacturing Subsector 321 All Durable Manufacturing Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 3.2 90.5 6.3 1.5 4.1 8.9 1.8 7.1 100.0 3.2 90.4 6.3 1.6 3.0 7.8 2.0 5.8 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.36 0.33 2.10 1.34 0.32 2.13 1.35 0.33 2.23 1.33 0.30 2.21 1.35 0.31 2.21 19.26 15.31 7.99 6.35 16.32 12.18 6.83 5.10 15.19 12.34 6.46 5.25 14.07 10.65 5.95 4.50 18.66 14.24 7.93 6.05 100.0 3.2 91.9 4.9 1.6 3.9 7.2 1.4 5.9 100.0 3.2 91.8 4.9 1.6 3.6 6.9 1.7 5.2 100.0 3.0 91.1 5.9 1.5 4.4 8.7 2.1 6.7 644,588 20,621 583,377 40,589 9,625 26,710 57,674 11,831 45,843 13,514 32,330 401,664 (6,197) 427,797 638,488 20,635 577,410 40,443 9,975 19,189 49,657 12,600 37,057 11,498 25,559 430,396 (4,964) 450,992 661,520 21,278 608,132 32,110 10,364 25,950 47,696 8,936 38,760 14,053 24,707 454,912 (9,363) 470,256 641,048 20,724 588,681 31,643 10,201 22,947 44,388 10,796 33,593 14,105 19,488 477,889 (20,713) 476,664 686,569 20,865 625,189 40,515 10,333 29,867 60,049 14,215 45,834 15,021 30,813 482,207 (7,042) 505,979 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 30 U.S. Census Bureau All Durable Manufacturing Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Wood Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Wood Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 86,179 2,075 77,648 6,456 800 (57) 5,599 493 5,107 2,892 2,214 27,968 (805) 29,377 86,430 2,135 78,342 5,954 825 (120) 5,009 509 4,500 2,136 2,364 27,051 (207) 29,208 83,498 2,212 79,243 2,043 869 (398) 776 404 373 2,308 (1,935) 27,299 (280) 25,083 83,013 1,991 75,485 5,538 790 (71) 4,677 627 4,050 2,745 1,305 27,134 (421) 28,019 89,361 2,103 80,024 7,234 823 165 6,577 702 5,874 3,540 2,334 28,343 (322) 30,354 19,412 489 16,875 2,048 285 290 2,053 385 1,668 516 1,152 15,219 53 16,424 (million dollars) 19,852 517 17,331 2,004 253 48 1,800 335 1,465 335 1,130 14,936 (53) 16,013 18,119 498 16,652 970 324 92 738 197 541 353 188 16,189 26 16,403 17,996 499 16,185 1,312 314 77 1,074 263 811 254 557 16,320 (344) 16,533 21,204 524 19,055 1,626 346 204 1,483 407 1,076 569 507 16,663 (42) 17,128 8,375 153 7,558 665 76 18 608 32 576 322 254 4,365 88 4,708 (million dollars) 8,702 158 7,868 675 58 (80) 537 43 494 160 334 4,407 (22) 4,718 7,913 182 7,575 156 70 (27) 59 25 34 138 (104) 5,079 83 5,058 7,325 146 6,863 316 63 7 260 28 231 126 105 4,185 (170) 4,120 8,584 161 7,824 599 70 16 545 52 494 273 220 4,016 8 4,244 (percent of net sales) 100.0 2.4 90.1 7.5 0.9 (0.1) 6.5 0.6 5.9 100.0 2.5 90.6 6.9 1.0 (0.1) 5.8 0.6 5.2 (percent) 100.0 2.6 94.9 2.4 1.0 (0.5) 0.9 0.5 0.4 100.0 2.4 90.9 6.7 1.0 (0.1) 5.6 0.8 4.9 100.0 2.4 89.6 8.1 0.9 0.2 7.4 0.8 6.6 100.0 2.5 86.9 10.6 1.5 1.5 10.6 2.0 8.6 (percent of net sales) 100.0 2.6 87.3 10.1 1.3 0.2 9.1 1.7 7.4 (percent) 100.0 2.7 91.9 5.4 1.8 0.5 4.1 1.1 3.0 100.0 2.8 89.9 7.3 1.7 0.4 6.0 1.5 4.5 100.0 2.5 89.9 7.7 1.6 1.0 7.0 1.9 5.1 100.0 1.8 90.2 7.9 0.9 0.2 7.3 0.4 6.9 (percent of net sales) 100.0 1.8 90.4 7.8 0.7 (0.9) 6.2 0.5 5.7 (percent) 100.0 2.3 95.7 2.0 0.9 (0.3) 0.8 0.3 0.4 100.0 2.0 93.7 4.3 0.9 0.1 3.5 0.4 3.2 100.0 1.9 91.1 7.0 0.8 0.2 6.4 0.6 5.8 33.42 30.48 13.83 12.61 29.61 26.60 12.28 11.03 4.86 2.34 1.95 0.94 27.87 24.14 11.50 9.95 35.90 32.07 15.76 14.08 39.91 32.43 15.81 12.85 36.91 30.04 14.89 12.12 14.72 10.80 5.65 4.14 21.11 15.93 8.02 6.05 28.57 20.73 10.17 7.38 46.49 44.06 20.18 19.13 39.95 36.72 17.28 15.88 4.23 2.43 1.89 1.09 20.94 18.67 8.61 7.67 43.11 39.03 17.75 16.06 1.91 0.39 1.30 1.90 0.39 1.31 1.86 0.37 1.21 1.91 0.37 1.28 1.99 0.39 1.37 2.51 1.03 1.53 2.25 0.77 1.42 2.72 1.22 1.50 2.68 1.17 1.43 2.77 1.20 1.24 2.07 0.36 1.16 2.15 0.40 1.17 2.23 0.39 1.20 2.08 0.40 1.08 1.94 0.35 1.06 31 U.S. Census Bureau Table 8.1—Balance Sheet For Corporations in NAICS Durable Manufacturing Subsectors and Manufacturing Subsector 321 All Durable Manufacturing Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.6 11.1 9.9 35.6 16.8 3.1 26.1 16.7 58.5 41.5 8.5 11.3 10.1 35.7 16.6 3.4 26.6 16.3 58.1 41.9 8.7 10.9 9.9 35.2 16.6 3.3 26.2 15.8 57.5 42.5 8.0 11.4 10.4 35.4 16.4 3.4 26.7 15.7 57.7 42.3 8.2 11.6 10.4 36.1 16.3 3.4 26.9 15.8 57.5 42.5 272,673 263,677 266,923 260,472 280,681 26,196 23,968 217,816 34,619 14,943 24,955 412,283 754,781 136,237 344,736 454,742 1,690,496 769,977 427,797 1,197,774 2,888,270 28,482 27,873 219,003 37,428 16,630 25,579 418,162 773,157 134,632 339,378 443,452 1,690,619 766,007 450,992 1,216,998 2,907,617 25,299 27,586 222,104 31,645 16,761 27,231 422,544 773,170 133,457 332,890 457,016 1,696,532 785,890 470,256 1,256,146 2,952,678 28,140 29,943 230,406 33,722 19,422 25,166 429,103 795,902 135,381 334,199 457,018 1,722,500 785,171 476,664 1,261,835 2,984,335 28,871 29,616 233,877 33,991 19,860 24,714 442,532 813,461 138,983 341,064 449,089 1,742,597 781,059 505,979 1,287,037 3,029,635 123,884 19,343 143,227 104,452 247,678 320,382 285,996 173,398 1,027,454 1,067,692 39,538 621,402 485,827 1,374,989 2,888,270 2Q 2004 3Q 2004 (million dollars) 122,090 25,636 147,726 98,931 246,656 328,097 293,545 168,535 1,036,834 1,071,813 38,518 626,252 484,079 1,386,704 2,907,617 121,354 20,396 141,750 114,559 256,309 321,829 292,593 169,362 1,040,093 1,074,080 38,424 622,350 490,154 1,422,431 2,952,678 110,664 19,560 130,224 107,909 238,133 339,336 309,052 169,853 1,056,374 1,085,350 38,933 634,614 489,670 1,438,292 2,984,335 118,812 20,406 139,218 109,674 248,891 352,514 316,532 176,205 1,094,142 1,100,309 39,122 644,235 495,196 1,440,296 3,029,635 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 32 U.S. Census Bureau All Durable Manufacturing Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Wood Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Wood Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 17,455 1,811 19,265 3,073 22,339 43,107 37,957 7,057 110,460 121,262 2,069 83,119 40,213 11,269 161,941 17,533 1,827 19,360 3,542 22,902 43,297 38,681 6,895 111,776 122,989 2,083 84,648 40,423 10,913 163,112 15,950 1,675 17,626 3,485 21,111 41,200 38,011 6,660 106,982 123,734 2,087 84,909 40,912 11,152 159,045 16,243 1,661 17,904 3,578 21,482 43,059 39,498 6,504 110,542 125,594 2,137 87,159 40,573 11,615 162,730 17,139 1,730 18,869 3,639 22,507 44,443 40,414 6,398 113,762 129,435 2,219 89,127 42,527 10,640 166,929 2,539 198 2,737 9,291 12,028 6,128 7,879 3,267 29,302 26,593 5,902 16,494 16,001 6,632 51,934 (million dollars) 3,057 233 3,290 5,489 8,779 6,283 7,973 2,537 25,572 26,430 5,933 16,523 15,840 6,935 48,347 2,776 202 2,978 9,696 12,674 5,382 8,191 1,991 28,239 26,583 5,992 16,390 16,184 7,867 52,291 2,396 195 2,591 9,919 12,510 5,853 8,254 1,987 28,604 28,609 6,199 17,840 16,968 8,031 53,602 2,736 226 2,962 11,114 14,076 7,076 9,008 2,330 32,491 33,792 6,198 22,179 17,812 8,010 58,313 1,007 151 1,158 218 1,377 2,719 3,342 463 7,900 9,375 277 6,055 3,597 546 12,043 (million dollars) 1,167 172 1,339 198 1,536 2,923 3,448 413 8,321 9,457 285 6,198 3,544 577 12,442 1,080 136 1,216 284 1,501 2,709 3,754 519 8,483 9,301 250 5,993 3,558 521 12,562 1,063 85 1,148 362 1,510 2,631 3,255 555 7,951 9,501 328 6,162 3,666 449 12,066 1,144 119 1,263 236 1,499 2,839 3,332 542 8,213 9,348 306 5,983 3,671 410 12,294 10,433 2,016 23,515 623 4,739 2,496 14,154 57,976 17,261 14,721 4,959 94,917 37,647 29,377 67,024 161,941 10,349 2,124 23,599 641 4,857 2,592 14,717 58,879 17,017 14,538 5,010 95,443 38,461 29,208 67,669 163,112 9,741 2,753 23,058 569 5,114 2,419 13,721 57,375 17,510 15,106 5,210 95,201 38,762 25,083 63,845 159,045 9,940 2,444 23,566 624 5,072 2,349 13,925 57,919 17,174 15,257 5,260 95,611 39,100 28,019 67,119 162,730 10,588 2,532 22,546 823 5,092 2,594 12,877 57,053 17,514 15,019 4,061 93,648 42,927 30,354 73,281 166,929 1,398 317 5,428 225 967 357 3,001 11,693 4,524 5,902 9,240 31,359 4,152 16,424 20,575 51,934 1,473 315 4,624 331 918 548 3,133 11,342 4,577 5,881 7,039 28,839 3,495 16,013 19,508 48,347 1,570 393 3,819 227 585 446 3,345 10,385 4,500 5,901 11,449 32,234 3,654 16,403 20,057 52,291 1,855 462 3,806 288 780 467 3,008 10,666 4,708 5,983 11,887 33,245 3,825 16,533 20,357 53,602 2,118 484 4,329 328 756 621 3,078 11,713 4,400 8,313 13,120 37,546 3,639 17,128 20,767 58,313 869 230 1,395 45 471 111 701 3,821 1,650 1,195 150 6,816 520 4,708 5,227 12,043 867 231 1,452 70 393 140 718 3,870 1,637 1,335 220 7,061 663 4,718 5,381 12,442 952 296 1,386 26 358 82 705 3,804 1,594 1,385 171 6,954 549 5,058 5,607 12,562 809 361 1,414 30 382 120 703 3,818 1,468 1,431 391 7,108 838 4,120 4,958 12,066 1,309 298 1,398 43 379 112 705 4,244 1,402 1,284 304 7,234 816 4,244 5,060 12,294 52,484 52,897 49,607 52,623 56,709 17,609 14,230 17,854 17,937 20,777 4,080 4,451 4,679 4,133 3,968 (percent of total assets) (percent of total assets) (percent of total assets) 13.8 26.6 23.4 68.2 24.8 12.2 35.8 19.7 58.6 41.4 14.0 26.5 23.7 68.5 24.8 12.2 36.1 19.3 58.5 41.5 13.3 25.9 23.9 67.3 25.7 12.6 36.1 20.5 59.9 40.1 13.2 26.5 24.3 67.9 24.9 12.2 35.6 19.9 58.8 41.2 13.5 26.6 24.2 68.1 25.5 12.5 34.2 19.5 56.1 43.9 23.2 11.8 15.2 56.4 30.8 5.9 22.5 20.1 60.4 39.6 18.2 13.0 16.5 52.9 32.8 6.7 23.5 21.6 59.6 40.4 24.2 10.3 15.7 54.0 31.0 5.7 19.9 19.9 61.6 38.4 23.3 10.9 15.4 53.4 31.7 6.6 19.9 19.9 62.0 38.0 24.1 12.1 15.4 55.7 30.5 6.8 20.1 21.8 64.4 35.6 11.4 22.6 27.7 65.6 29.9 14.0 31.7 23.6 56.6 43.4 12.3 23.5 27.7 66.9 28.5 13.1 31.1 23.9 56.8 43.2 11.9 21.6 29.9 67.5 28.3 13.4 30.3 23.7 55.4 44.6 12.5 21.8 27.0 65.9 30.4 13.9 31.6 24.0 58.9 41.1 12.2 23.1 27.1 66.8 29.9 17.1 34.5 21.8 58.8 41.2 33 U.S. Census Bureau Table 9.0—Income Statement For Corporations in NAICS Manufacturing Subsector 327 and Subsector 331 Nonmetallic Mineral Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 4.8 84.8 10.4 2.2 1.2 9.4 2.6 6.7 100.0 4.2 84.0 11.8 2.1 (9.3) 0.4 5.7 (5.3) (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.49 0.28 1.06 1.41 0.27 1.04 1.39 0.31 1.08 1.44 0.29 0.97 1.62 0.34 1.01 24.09 17.28 8.27 5.93 1.18 (15.67) 0.39 (5.18) 13.30 8.46 4.48 2.85 (36.66) (40.71) (11.13) (12.36) 35.25 26.09 11.02 8.16 100.0 5.0 88.0 7.0 2.3 0.3 5.1 1.9 3.3 100.0 5.3 89.7 5.0 2.5 (16.9) (14.3) 1.6 (15.9) 100.0 4.3 83.9 11.8 2.1 1.8 11.6 3.0 8.6 25,648 1,230 21,755 2,663 564 305 2,403 679 1,724 529 1,195 3,936 45 5,175 28,708 1,205 24,118 3,386 599 (2,673) 114 1,625 (1,511) 428 (1,939) 5,250 (99) 3,211 25,455 1,266 22,397 1,792 578 89 1,303 474 829 641 188 3,565 (148) 3,604 22,733 1,204 20,383 1,146 567 (3,839) (3,260) 360 (3,621) 456 (4,077) 4,133 (157) (101) 28,884 1,238 24,229 3,418 609 531 3,339 868 2,471 583 1,888 (584) (35) 1,269 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 34 U.S. Census Bureau Nonmetallic Mineral Products Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Primary Metals 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Primary Metals Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 5,364 180 4,724 461 44 (4) 413 38 375 354 21 3,587 4 3,612 5,129 172 4,435 521 45 2 478 35 443 107 336 3,086 (3) 3,419 5,286 164 5,093 30 37 (3) (10) 27 (37) 152 (190) 4,155 (16) 3,949 4,338 137 4,048 154 34 12 131 29 102 145 (43) 4,366 (3) 4,320 5,602 145 4,771 686 44 123 764 46 718 185 532 4,446 (21) 4,957 44,284 1,361 38,974 3,949 686 1,178 4,442 922 3,520 416 3,104 19,779 9 22,892 (million dollars) 44,633 1,340 38,770 4,523 584 668 4,607 1,191 3,416 547 2,869 23,561 (249) 26,182 43,786 1,310 38,995 3,480 669 1,090 3,901 379 3,523 688 2,835 27,345 (823) 29,358 46,915 1,378 40,866 4,670 637 909 4,942 1,324 3,617 483 3,134 30,536 (521) 33,149 48,688 1,393 42,705 4,589 688 1,425 5,326 1,341 3,984 701 3,283 32,032 (178) 35,137 2,305 54 2,018 233 16 (1) 216 20 196 55 141 1,357 (16) 1,482 (million dollars) 2,053 53 1,834 166 16 (3) 147 12 134 67 67 1,234 (24) 1,278 2,398 61 2,238 100 32 (12) 55 14 41 28 13 1,310 (23) 1,300 2,495 56 2,301 137 19 1 119 9 110 40 70 1,425 36 1,532 2,777 64 2,497 216 26 (26) 163 11 152 68 84 1,540 (38) 1,586 (percent of net sales) 100.0 3.3 88.1 8.6 0.8 (0.1) 7.7 0.7 7.0 100.0 3.4 86.5 10.2 0.9 0.0 9.3 0.7 8.6 (percent) 100.0 3.1 96.3 0.6 0.7 (0.1) (0.2) 0.5 (0.7) 100.0 3.2 93.3 3.5 0.8 0.3 3.0 0.7 2.4 100.0 2.6 85.2 12.2 0.8 2.2 13.6 0.8 12.8 100.0 3.1 88.0 8.9 1.5 2.7 10.0 2.1 7.9 (percent of net sales) 100.0 3.0 86.9 10.1 1.3 1.5 10.3 2.7 7.7 (percent) 100.0 3.0 89.1 7.9 1.5 2.5 8.9 0.9 8.0 100.0 2.9 87.1 10.0 1.4 1.9 10.5 2.8 7.7 100.0 2.9 87.7 9.4 1.4 2.9 10.9 2.8 8.2 100.0 2.4 87.5 10.1 0.7 0.0 9.4 0.9 8.5 (percent of net sales) 100.0 2.6 89.3 8.1 0.8 (0.1) 7.2 0.6 6.6 (percent) 100.0 2.5 93.3 4.2 1.3 (0.5) 2.3 0.6 1.7 100.0 2.3 92.2 5.5 0.8 0.0 4.8 0.4 4.4 100.0 2.3 89.9 7.8 0.9 (0.9) 5.9 0.4 5.5 30.81 27.97 15.89 14.43 36.86 34.15 19.56 18.12 (0.87) (3.12) (0.45) (1.61) 10.61 8.28 5.62 4.39 53.57 50.32 28.70 26.96 31.98 25.34 11.85 9.39 30.96 22.96 12.18 9.03 24.60 22.21 10.06 9.08 29.14 21.33 12.12 8.87 30.35 22.71 12.59 9.42 50.71 46.05 21.38 19.41 37.49 34.34 14.69 13.45 14.17 10.57 5.21 3.89 26.89 24.75 10.53 9.69 36.72 34.17 13.52 12.58 2.11 0.51 1.86 2.30 0.58 1.83 2.28 0.59 1.72 2.35 0.56 1.86 2.52 0.56 1.83 1.58 0.20 1.33 1.65 0.25 1.51 1.74 0.25 1.66 1.78 0.24 1.76 1.82 0.27 1.71 1.89 0.35 1.35 1.68 0.26 1.19 1.71 0.21 1.05 1.77 0.15 1.15 1.73 0.15 1.06 35 U.S. Census Bureau Table 9.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 327 and Subsector 331 Nonmetallic Mineral Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5.0 11.1 8.0 26.9 38.8 4.2 18.0 28.0 65.7 34.3 5.3 11.7 8.0 27.7 38.8 4.0 19.6 27.9 66.9 33.1 6.1 10.3 8.1 27.2 38.8 3.7 19.6 27.4 66.3 33.7 5.5 10.6 8.8 27.9 38.9 4.0 19.4 27.3 69.6 30.4 6.3 12.3 8.7 30.2 38.3 3.4 18.7 27.7 68.7 31.3 10,343 9,456 8,810 10,053 14,009 1,477 1,209 7,742 1,021 769 1,481 7,269 20,970 11,272 21,274 22,870 76,386 34,734 5,175 39,909 116,295 1,509 1,131 7,569 1,071 602 1,373 9,555 22,811 10,970 21,533 22,724 78,038 35,357 3,211 38,569 116,607 1,197 702 7,693 909 769 1,643 9,937 22,848 9,594 22,272 22,380 77,095 35,587 3,604 39,191 116,285 1,328 816 7,360 996 779 1,822 9,594 22,696 9,866 22,077 26,995 81,634 35,674 (101) 35,573 117,207 1,334 818 8,172 1,347 767 1,219 8,983 22,640 12,046 21,492 27,126 83,303 36,621 1,269 37,889 121,193 4,688 751 5,439 397 5,835 12,921 9,357 3,200 31,313 74,627 9,656 39,114 45,170 39,813 116,295 2Q 2004 3Q 2004 (million dollars) 4,719 725 5,444 760 6,203 13,682 9,310 3,071 32,266 75,586 9,133 39,496 45,223 39,118 116,607 5,363 866 6,229 877 7,105 11,933 9,367 3,253 31,658 75,581 9,106 39,580 45,107 39,520 116,285 4,817 805 5,623 867 6,490 12,406 10,364 3,489 32,749 76,624 9,384 40,428 45,580 38,878 117,207 5,262 1,319 6,581 1,052 7,633 14,939 10,562 3,515 36,649 78,457 9,529 41,520 46,467 38,077 121,193 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 36 U.S. Census Bureau Nonmetallic Mineral Products Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Primary Metals 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Primary Metals Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 1,287 180 1,468 113 1,581 2,946 1,670 311 6,508 9,808 204 6,762 3,250 628 10,387 1,216 144 1,360 141 1,501 2,708 1,528 258 5,994 9,522 205 6,628 3,099 677 9,771 1,182 143 1,326 160 1,486 2,421 1,490 334 5,731 9,258 233 6,539 2,952 647 9,329 1,136 124 1,260 147 1,407 2,509 1,633 323 5,872 9,100 250 6,421 2,929 518 9,319 1,102 142 1,244 268 1,512 3,094 1,698 442 6,746 10,144 288 7,064 3,368 537 10,650 3,139 603 3,742 2,911 6,653 20,375 20,148 4,687 51,864 102,986 4,833 56,651 51,168 46,849 149,880 (million dollars) 3,768 1,428 5,195 3,191 8,386 20,741 20,955 4,575 54,657 101,685 4,811 56,096 50,400 46,232 151,290 3,159 1,287 4,446 3,616 8,061 19,470 22,584 5,029 55,144 102,724 4,857 56,652 50,929 49,116 155,188 3,082 1,358 4,440 3,987 8,428 24,616 24,083 4,870 61,996 104,807 4,902 58,682 51,027 50,101 163,124 3,521 1,903 5,424 4,464 9,888 25,409 25,175 4,970 65,442 108,928 4,788 59,859 53,857 49,886 169,185 255 121 376 117 493 1,145 826 156 2,620 3,405 66 2,261 1,211 208 4,038 (million dollars) 212 88 299 84 383 1,104 875 141 2,503 3,509 63 2,251 1,322 173 3,998 184 85 269 59 327 1,120 1,046 178 2,671 3,666 78 2,362 1,382 178 4,232 119 29 148 84 233 1,277 1,079 170 2,759 3,688 77 2,301 1,464 315 4,538 207 9 216 36 253 1,439 1,119 184 2,996 4,455 49 2,870 1,634 204 4,834 574 89 1,413 39 272 152 548 3,085 1,133 664 148 5,030 1,744 3,612 5,356 10,387 524 86 1,149 38 247 145 413 2,601 1,116 709 159 4,585 1,766 3,419 5,186 9,771 364 99 1,149 35 287 143 434 2,512 1,172 726 114 4,523 857 3,949 4,806 9,329 398 113 1,151 46 301 97 391 2,498 1,042 710 129 4,379 620 4,320 4,940 9,319 430 81 1,247 51 357 127 390 2,682 1,264 861 137 4,944 749 4,957 5,706 10,650 1,651 1,059 12,782 1,177 939 3,637 11,544 32,788 7,986 26,444 27,111 94,329 32,660 22,892 55,552 149,880 1,479 683 13,212 852 980 3,764 12,083 33,053 6,995 25,557 26,160 91,765 33,343 26,182 59,524 151,290 1,657 597 12,952 914 1,017 2,925 11,632 31,693 6,968 25,157 27,936 91,754 34,076 29,358 63,434 155,188 1,841 660 15,017 1,592 905 2,716 12,162 34,894 7,479 24,996 27,928 95,297 34,678 33,149 67,826 163,124 1,868 513 15,345 1,648 1,014 2,844 12,791 36,023 7,927 26,789 28,256 98,995 35,054 35,137 70,190 169,185 174 86 690 14 141 47 237 1,390 405 410 131 2,336 220 1,482 1,703 4,038 230 83 676 25 89 104 279 1,486 417 391 138 2,432 289 1,278 1,567 3,998 282 70 733 35 89 48 303 1,561 497 491 126 2,675 257 1,300 1,556 4,232 222 73 760 24 147 37 300 1,562 546 516 137 2,761 245 1,532 1,777 4,538 262 73 736 35 189 49 390 1,733 604 506 210 3,054 193 1,586 1,780 4,834 3,423 3,393 3,220 3,373 4,064 19,076 21,604 23,451 27,103 29,420 1,230 1,017 1,111 1,197 1,262 (percent of total assets) (percent of total assets) (percent of total assets) 15.2 28.4 16.1 62.7 31.3 10.5 29.7 17.3 48.4 51.6 15.4 27.7 15.6 61.3 31.7 10.3 26.6 18.7 46.9 53.1 15.9 26.0 16.0 61.4 31.6 9.6 26.9 20.3 48.5 51.5 15.1 26.9 17.5 63.0 31.4 9.8 26.8 18.8 47.0 53.0 14.2 29.1 15.9 63.3 31.6 9.3 25.2 20.0 46.4 53.6 4.4 13.6 13.4 34.6 34.1 4.9 21.9 23.0 62.9 37.1 5.5 13.7 13.9 36.1 33.3 4.6 21.8 21.5 60.7 39.3 5.2 12.5 14.6 35.5 32.8 4.0 20.4 20.7 59.1 40.9 5.2 15.1 14.8 38.0 31.3 3.8 21.4 19.9 58.4 41.6 5.8 15.0 14.9 38.7 31.8 3.7 21.3 20.5 58.5 41.5 12.2 28.4 20.5 64.9 30.0 11.1 34.4 20.2 57.8 42.2 9.6 27.6 21.9 62.6 33.1 12.7 37.2 20.2 60.8 39.2 7.7 26.5 24.7 63.1 32.7 11.6 36.9 23.4 63.2 36.8 5.1 28.1 23.8 60.8 32.3 10.6 34.4 23.4 60.8 39.2 5.2 29.8 23.2 62.0 33.8 11.8 35.9 23.0 63.2 36.8 37 U.S. Census Bureau Table 10.0—Income Statement For Corporations in NAICS Manufacturing Industry Groups 3311 and 3312, and Industry Groups 3313 and 3314 Iron, Steel, and Ferroalloys1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 2.8 86.3 10.9 1.5 1.1 10.4 2.7 7.7 100.0 2.6 84.3 13.2 1.1 1.2 13.3 3.7 9.6 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 22,626 635 19,537 2,455 345 250 2,361 621 1,740 171 1,569 1,388 60 3,017 24,183 625 20,375 3,184 262 295 3,217 893 2,324 167 2,157 3,913 (67) 6,003 23,275 612 20,015 2,647 284 9 2,372 140 2,232 336 1,896 6,930 (38) 8,788 24,681 623 21,118 2,940 250 351 3,042 897 2,145 202 1,943 9,125 (215) 10,853 25,030 620 21,833 2,577 290 182 2,469 686 1,783 317 1,466 9,301 (182) 10,586 (percent of net sales) 100.0 2.6 86.0 11.4 1.2 0.0 10.2 0.6 9.6 100.0 2.5 85.6 11.9 1.0 1.4 12.3 3.6 8.7 100.0 2.5 87.2 10.3 1.2 0.7 9.9 2.7 7.1 57.76 42.57 16.46 12.13 64.84 46.84 21.30 15.39 40.83 38.42 15.06 14.18 47.51 33.50 18.46 13.02 37.43 27.03 14.23 10.28 1.88 0.24 1.01 1.98 0.34 1.26 2.15 0.35 1.53 2.20 0.37 1.66 2.23 0.36 1.50 Included in Primary Metals. 38 U.S. Census Bureau Iron, Steel, and Ferroalloys Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Nonferrous Metals1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Nonferrous Metals Total Assets Under $25 Million1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 323 9 262 52 3 (2) 47 3 44 11 34 252 (17) 268 363 10 324 29 3 (1) 26 6 20 7 13 279 0 291 543 15 462 65 4 (14) 47 6 40 7 34 547 (48) 533 562 16 518 28 4 0 24 (1) 25 6 19 591 (4) 606 734 18 610 106 7 (12) 87 4 83 14 69 663 (33) 699 17,262 587 15,504 1,171 247 862 1,787 250 1,537 214 1,323 15,278 (71) 16,530 (million dollars) 16,161 581 14,425 1,155 246 593 1,502 256 1,246 338 908 16,461 (129) 17,240 16,170 570 14,745 855 307 1,067 1,614 219 1,395 329 1,066 17,753 (754) 18,066 17,423 613 15,462 1,348 310 524 1,562 374 1,187 203 984 18,484 (276) 19,193 18,129 616 15,992 1,521 303 1,191 2,410 567 1,843 236 1,607 19,199 108 20,915 895 14 790 92 3 0 88 7 82 22 59 254 0 314 (million dollars) 612 11 539 62 3 0 59 3 56 38 18 238 (23) 234 849 15 809 25 6 2 20 2 18 1 17 268 21 306 888 13 821 54 5 1 51 10 41 10 31 324 33 387 827 13 773 41 5 (10) 26 3 23 2 21 155 (1) 175 (percent of net sales) 100.0 2.8 81.0 16.2 1.0 (0.6) 14.7 0.9 13.8 100.0 2.8 89.1 8.0 0.8 (0.1) 7.1 1.6 5.5 (percent) 100.0 2.8 85.2 12.0 0.8 (2.6) 8.6 1.2 7.4 100.0 2.8 92.2 5.0 0.7 0.0 4.2 (0.2) 4.5 100.0 2.4 83.1 14.5 1.0 (1.6) 11.9 0.6 11.3 100.0 3.4 89.8 6.8 1.4 5.0 10.3 1.4 8.9 (percent of net sales) 100.0 3.6 89.3 7.1 1.5 3.7 9.3 1.6 7.7 (percent) 100.0 3.5 91.2 5.3 1.9 6.6 10.0 1.4 8.6 100.0 3.5 88.7 7.7 1.8 3.0 9.0 2.1 6.8 100.0 3.4 88.2 8.4 1.7 6.6 13.3 3.1 10.2 100.0 1.5 88.3 10.2 0.4 0.0 9.9 0.7 9.1 (percent of net sales) 100.0 1.8 88.1 10.1 0.5 0.1 9.7 0.5 9.2 (percent) 100.0 1.8 95.3 2.9 0.8 0.3 2.4 0.2 2.2 100.0 1.5 92.4 6.1 0.5 0.1 5.7 1.1 4.6 100.0 1.5 93.5 4.9 0.6 (1.2) 3.1 0.4 2.7 55.75 52.22 26.87 25.17 28.52 22.06 11.41 8.83 31.08 26.76 15.82 13.62 14.22 15.00 7.08 7.47 46.94 44.75 21.89 20.87 20.89 17.97 9.05 7.78 17.12 14.20 7.71 6.40 17.93 15.50 8.12 7.02 16.78 12.76 7.47 5.67 25.13 19.22 11.30 8.64 84.16 77.79 33.25 30.73 71.06 67.04 27.10 25.56 21.66 19.49 7.49 6.74 45.14 36.14 16.26 13.02 37.34 32.46 9.39 8.16 2.58 0.27 1.39 1.64 0.11 1.05 2.44 0.17 1.80 2.14 0.11 1.67 2.69 0.21 1.46 1.29 0.16 1.63 1.32 0.17 1.82 1.35 0.15 1.93 1.38 0.13 1.99 1.46 0.21 2.06 1.68 0.22 1.58 1.53 0.21 1.34 1.45 0.16 1.03 1.35 0.11 1.22 1.28 0.04 0.70 39 U.S. Census Bureau Table 10.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Groups 3311 and 3312, and Industry Groups 3313 and 3314 Iron, Steel, and Ferroalloys1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 1,485 115 1,600 1,598 3,198 9,469 10,744 1,837 25,247 47,346 1,067 24,676 23,737 8,392 57,376 2,109 1,129 3,239 1,622 4,860 9,975 11,807 1,850 28,492 46,700 1,081 24,204 23,577 8,340 60,408 1,842 909 2,751 1,968 4,719 9,220 13,195 2,114 29,248 46,832 1,079 24,417 23,494 10,240 62,983 2,061 1,044 3,104 2,318 5,423 10,569 14,151 2,088 32,231 47,920 1,071 25,273 23,717 9,946 65,894 2,202 1,108 3,310 2,102 5,412 10,801 14,888 2,219 33,320 51,104 1,171 25,689 26,585 9,502 69,408 392 248 6,693 513 266 552 4,742 13,405 3,148 11,501 12,974 41,028 13,330 3,017 16,347 57,376 423 243 7,286 218 381 732 5,072 14,356 2,895 11,101 12,212 40,563 13,841 6,003 19,845 60,408 508 151 6,849 423 352 621 4,687 13,592 2,788 10,724 12,639 39,743 14,453 8,788 23,240 62,983 641 180 7,058 484 449 662 5,171 14,646 3,002 10,489 12,147 40,285 14,756 10,853 25,609 65,894 592 101 7,029 372 426 834 5,603 14,958 3,274 12,363 12,430 43,025 15,796 10,586 26,382 69,408 11,842 14,136 15,656 17,585 18,363 (percent of total assets) 5.6 16.5 18.7 44.0 41.4 2.5 23.4 25.5 71.5 28.5 8.0 16.5 19.5 47.2 39.0 2.9 23.8 23.2 67.1 32.9 7.5 14.6 21.0 46.4 37.3 2.6 21.6 21.5 63.1 36.9 8.2 16.0 21.5 48.9 36.0 2.9 22.2 20.5 61.1 38.9 7.8 15.6 21.4 48.0 38.3 2.8 21.6 22.5 62.0 38.0 Included in Primary Metals. 40 U.S. Census Bureau Iron, Steel, and Ferroalloys Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Nonferrous Metals1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Nonferrous Metals Total Assets Under $25 Million1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 10 33 44 0 44 178 187 8 417 589 4 317 275 15 707 7 29 36 0 36 234 234 21 525 690 3 338 356 20 901 32 19 51 0 51 276 389 18 733 888 4 469 422 24 1,179 30 13 43 2 46 323 485 18 872 884 4 441 447 25 1,344 81 0 81 2 83 367 546 57 1,054 1,091 5 629 467 73 1,594 1,254 457 1,711 814 2,525 8,411 7,307 2,520 20,763 46,876 3,540 26,911 23,505 34,726 78,994 (million dollars) 1,222 274 1,496 1,093 2,589 8,222 7,060 2,402 20,272 46,335 3,509 26,855 22,989 34,619 77,880 982 354 1,336 913 2,249 7,838 7,215 2,565 19,867 47,228 3,540 26,906 23,861 35,786 79,514 669 303 972 1,229 2,201 11,243 7,608 2,412 23,465 47,259 3,564 27,423 23,401 36,804 83,670 932 786 1,718 1,971 3,690 11,542 7,772 2,343 25,346 47,235 3,374 27,523 23,085 36,848 85,279 46 57 103 3 106 380 255 59 800 514 8 314 208 56 1,064 (million dollars) 45 35 79 3 83 258 232 41 614 465 11 256 220 42 876 42 40 83 0 83 324 274 73 753 607 12 316 303 32 1,088 11 5 16 45 60 335 278 70 744 611 9 292 328 178 1,250 21 0 21 0 21 388 210 60 679 768 12 404 376 49 1,104 5 0 100 1 22 14 19 162 149 56 0 366 73 268 341 707 29 0 142 7 26 73 44 321 155 61 3 540 69 291 360 901 34 0 171 7 26 0 63 300 177 97 5 579 68 533 600 1,179 47 1 197 6 87 1 67 407 180 83 4 675 64 606 669 1,344 71 0 166 2 47 5 102 392 175 212 72 851 44 699 743 1,594 1,042 794 4,662 574 266 2,973 5,729 16,040 2,562 13,412 12,765 44,779 17,685 16,530 34,216 78,994 814 421 4,404 587 222 2,955 5,931 15,334 1,850 12,992 12,605 42,781 17,859 17,240 35,099 77,880 866 430 4,588 461 281 2,211 5,826 14,664 1,912 12,984 13,948 43,508 17,940 18,066 36,006 79,514 859 462 6,426 1,052 321 1,969 5,867 16,957 2,060 12,987 14,449 46,453 18,024 19,193 37,217 83,670 904 398 6,666 1,185 326 1,926 5,955 17,362 1,985 13,111 14,470 46,928 17,437 20,915 38,351 85,279 49 83 237 11 19 22 56 478 37 57 72 644 107 314 420 1,064 71 78 149 13 7 21 61 401 13 58 70 542 100 234 334 876 126 69 168 21 21 28 89 521 56 67 68 712 70 306 376 1,088 88 70 235 16 22 23 97 551 87 80 82 800 63 387 450 1,250 79 73 198 18 31 23 110 531 97 94 105 826 102 175 278 1,104 255 204 433 465 662 4,723 4,938 5,203 6,508 7,985 322 213 232 193 148 (percent of total assets) (percent of total assets) (percent of total assets) 6.2 25.1 26.5 59.0 38.9 5.8 22.9 28.9 51.8 48.2 4.0 26.0 26.0 58.3 39.5 14.3 35.7 24.0 60.0 40.0 4.4 23.4 33.0 62.2 35.8 5.1 25.5 23.2 49.1 50.9 3.4 24.0 36.1 64.9 33.2 10.2 30.3 19.6 50.2 49.8 5.2 23.0 34.3 66.1 29.3 7.7 24.6 24.3 53.4 46.6 3.2 10.6 9.3 26.3 29.8 6.4 20.3 20.2 56.7 43.3 3.3 10.6 9.1 26.0 29.5 5.7 19.7 19.1 54.9 45.1 2.8 9.9 9.1 25.0 30.0 4.8 18.4 18.7 54.7 45.3 2.6 13.4 9.1 28.0 28.0 4.3 20.3 18.0 55.5 44.5 4.3 13.5 9.1 29.7 27.1 4.2 20.4 17.7 55.0 45.0 9.9 35.7 23.9 75.2 19.6 16.3 44.9 8.8 60.5 39.5 9.5 29.5 26.4 70.1 25.1 20.3 45.7 8.1 61.9 38.1 7.6 29.7 25.2 69.2 27.9 22.3 47.9 11.3 65.4 34.6 4.8 26.8 22.2 59.5 26.3 16.2 44.1 13.4 64.0 36.0 1.9 35.1 19.0 61.5 34.0 18.6 48.1 17.3 74.9 25.2 41 U.S. Census Bureau Table 11.0—Income Statement For Corporations in NAICS Manufacturing Industry Group 3315 and Subsector 332 Foundries1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 3.2 89.5 7.4 2.1 1.5 6.7 1.2 5.5 100.0 3.1 92.6 4.3 1.8 (5.1) (2.6) 1.0 (3.6) (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 4,396 140 3,933 323 94 66 295 52 243 31 212 3,113 20 3,345 4,289 135 3,969 185 76 (221) (112) 42 (154) 43 (196) 3,188 (54) 2,938 4,341 127 4,235 (21) 77 14 (85) 20 (105) 22 (127) 2,662 (30) 2,504 4,811 142 4,287 382 77 33 338 53 286 79 207 2,927 (31) 3,103 5,529 157 4,880 491 96 52 447 89 358 149 209 3,531 (104) 3,636 (percent of net sales) 100.0 2.9 97.6 (0.5) 1.8 0.3 (2.0) 0.5 (2.4) 100.0 3.0 89.1 7.9 1.6 0.7 7.0 1.1 5.9 100.0 2.8 88.3 8.9 1.7 0.9 8.1 1.6 6.5 23.63 19.48 8.73 7.19 (9.77) (13.41) (3.44) (4.72) (8.10) (10.02) (2.67) (3.31) 27.07 22.85 9.98 8.43 32.76 26.26 12.33 9.89 1.75 0.28 1.09 1.75 0.28 1.03 1.75 0.32 0.93 1.91 0.24 1.11 1.83 0.21 1.16 Included in Primary Metals. 42 U.S. Census Bureau Foundries Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Fabricated Metal Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Fabricated Metal Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 1,086 32 965 89 10 1 80 10 70 22 48 851 1 900 1,078 32 971 75 10 (3) 62 3 59 22 36 717 (1) 753 1,006 30 966 10 21 (1) (12) 5 (17) 20 (38) 495 4 461 1,044 27 962 55 10 0 45 1 44 23 21 510 8 539 1,216 33 1,114 69 13 (5) 50 4 46 52 (6) 722 (4) 712 56,899 1,593 50,071 5,234 824 557 4,967 911 4,056 1,313 2,743 50,662 (437) 52,969 (million dollars) 57,067 1,593 50,566 4,908 906 68 4,069 632 3,438 1,316 2,122 54,295 (77) 56,340 56,399 1,683 51,431 3,284 858 577 3,003 768 2,234 1,330 904 54,339 (277) 54,965 57,058 1,665 50,696 4,697 777 417 4,338 878 3,460 1,825 1,634 54,419 (88) 55,966 61,774 1,725 54,188 5,861 851 672 5,682 1,093 4,589 1,716 2,874 55,623 (535) 57,961 26,522 746 23,440 2,336 226 40 2,150 125 2,025 727 1,298 18,202 (299) 19,201 (million dollars) 26,223 728 23,562 1,933 232 (113) 1,588 100 1,487 850 638 20,193 (77) 20,753 25,888 790 24,243 855 249 (233) 373 101 272 643 (371) 19,000 (118) 18,511 26,016 751 23,099 2,166 227 (86) 1,853 187 1,667 1,034 632 18,016 (1) 18,647 27,773 790 24,386 2,597 241 3 2,358 186 2,173 1,090 1,082 17,833 (178) 18,738 (percent of net sales) 100.0 2.9 88.9 8.2 0.9 0.1 7.4 0.9 6.4 100.0 2.9 90.1 6.9 1.0 (0.2) 5.7 0.3 5.4 (percent) 100.0 3.0 96.0 1.0 2.1 (0.1) (1.2) 0.5 (1.7) 100.0 2.6 92.1 5.3 0.9 0.0 4.3 0.1 4.2 100.0 2.7 91.6 5.6 1.1 (0.4) 4.1 0.3 3.8 100.0 2.8 88.0 9.2 1.4 1.0 8.7 1.6 7.1 (percent of net sales) 100.0 2.8 88.6 8.6 1.6 0.1 7.1 1.1 6.0 (percent) 100.0 3.0 91.2 5.8 1.5 1.0 5.3 1.4 4.0 100.0 2.9 88.8 8.2 1.4 0.7 7.6 1.5 6.1 100.0 2.8 87.7 9.5 1.4 1.1 9.2 1.8 7.4 100.0 2.8 88.4 8.8 0.9 0.1 8.1 0.5 7.6 (percent of net sales) 100.0 2.8 89.9 7.4 0.9 (0.4) 6.1 0.4 5.7 (percent) 100.0 3.1 93.6 3.3 1.0 (0.9) 1.4 0.4 1.1 100.0 2.9 88.8 8.3 0.9 (0.3) 7.1 0.7 6.4 100.0 2.8 87.8 9.4 0.9 0.0 8.5 0.7 7.8 33.96 29.64 14.10 12.31 28.34 26.88 11.13 10.55 (8.22) (12.00) (2.42) (3.54) 27.29 26.89 9.23 9.09 26.49 24.43 9.41 8.68 27.46 22.42 11.60 9.47 22.03 18.61 9.42 7.96 16.07 11.96 6.93 5.16 23.43 18.69 9.88 7.88 30.06 24.28 12.66 10.23 38.93 36.66 17.04 16.04 27.90 26.13 12.67 11.87 7.03 5.13 3.05 2.22 34.43 30.97 15.14 13.61 43.38 39.96 19.05 17.55 1.87 0.46 1.25 1.78 0.35 1.21 1.60 0.26 0.74 1.89 0.21 0.85 1.56 0.18 0.98 1.71 0.27 1.39 1.73 0.28 1.47 1.73 0.28 1.49 1.68 0.24 1.41 1.68 0.25 1.42 1.94 0.35 1.28 1.98 0.38 1.41 1.88 0.35 1.24 1.96 0.36 1.31 1.93 0.36 1.30 43 U.S. Census Bureau Table 11.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Group 3315 and Subsector 332 Foundries1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 400 31 431 499 930 2,496 2,097 330 5,853 8,764 226 5,064 3,926 3,732 13,511 436 24 461 477 938 2,544 2,089 323 5,893 8,651 221 5,037 3,834 3,274 13,001 334 25 359 734 1,093 2,412 2,174 349 6,028 8,664 239 5,329 3,573 3,090 12,691 352 11 363 440 803 2,803 2,324 370 6,300 9,628 267 5,986 3,909 3,351 13,560 387 9 397 390 787 3,066 2,515 408 6,776 10,590 243 6,646 4,186 3,536 14,498 216 17 1,427 90 408 112 1,073 3,343 2,276 1,531 1,372 8,522 1,644 3,345 4,989 13,511 242 19 1,523 47 376 77 1,080 3,364 2,250 1,464 1,343 8,421 1,642 2,938 4,580 13,001 283 15 1,514 30 383 92 1,120 3,437 2,268 1,449 1,349 8,503 1,684 2,504 4,188 12,691 341 18 1,533 56 135 85 1,124 3,291 2,417 1,520 1,332 8,560 1,897 3,103 5,000 13,560 372 14 1,650 90 261 83 1,233 3,704 2,667 1,315 1,355 9,041 1,821 3,636 5,457 14,498 2,510 2,529 2,591 3,009 3,072 (percent of total assets) 6.9 18.5 15.5 43.3 29.1 5.6 24.7 28.2 63.1 36.9 7.2 19.6 16.1 45.3 29.5 5.5 25.9 28.6 64.8 35.2 8.6 19.0 17.1 47.5 28.2 6.1 27.1 29.3 67.0 33.0 5.9 20.7 17.1 46.5 28.8 4.3 24.3 29.0 63.1 36.9 5.4 21.1 17.3 46.7 28.9 5.0 25.5 27.5 62.4 37.6 Included in Primary Metals. 44 U.S. Census Bureau Foundries Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Fabricated Metal Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Fabricated Metal Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 199 31 229 114 343 587 384 89 1,403 2,303 55 1,630 727 137 2,267 160 24 183 81 264 612 409 79 1,364 2,354 49 1,657 746 112 2,222 110 25 134 59 193 521 383 87 1,185 2,171 62 1,577 656 123 1,964 78 11 90 37 127 620 315 82 1,143 2,193 63 1,568 688 112 1,944 106 9 115 34 149 684 363 67 1,263 2,596 32 1,837 792 82 2,136 6,944 831 7,774 3,868 11,642 30,903 23,205 6,884 72,634 99,830 2,277 64,380 37,726 60,906 171,266 (million dollars) 7,504 805 8,309 3,668 11,976 31,630 23,450 6,584 73,641 100,604 2,027 64,777 37,853 61,290 172,784 7,367 800 8,167 3,504 11,670 29,452 23,940 6,234 71,296 101,822 2,015 65,472 38,365 63,569 173,231 7,143 728 7,871 2,779 10,649 31,576 25,001 6,197 73,423 104,269 2,001 68,335 37,934 64,247 175,603 7,581 1,139 8,721 2,668 11,389 32,957 25,878 6,067 76,291 106,249 1,996 69,376 38,869 64,337 179,496 4,797 455 5,253 779 6,031 14,612 9,857 2,470 32,970 47,418 577 33,604 14,391 3,121 50,482 (million dollars) 4,838 432 5,270 1,051 6,320 14,628 9,551 2,243 32,741 47,811 589 33,924 14,475 2,900 50,116 4,568 434 5,002 866 5,868 13,711 9,671 2,027 31,278 48,448 572 34,384 14,635 3,046 48,959 4,595 406 5,001 944 5,945 14,430 9,810 1,935 32,121 49,846 547 36,543 13,850 3,003 48,973 4,673 422 5,095 885 5,980 14,386 10,173 1,793 32,332 50,158 522 36,352 14,328 2,855 49,515 120 3 353 2 100 11 162 751 219 297 59 1,326 41 900 941 2,267 130 5 385 5 56 10 174 764 248 273 64 1,349 119 753 872 2,222 122 1 395 7 43 21 151 739 265 327 53 1,384 119 461 580 1,964 87 2 327 2 39 12 135 604 278 353 51 1,287 118 539 657 1,944 112 0 372 16 111 22 178 811 333 200 33 1,377 47 712 759 2,136 5,095 1,901 16,041 1,405 2,468 1,732 13,719 42,362 18,954 21,716 15,887 98,919 19,378 52,969 72,347 171,266 4,610 1,891 16,242 1,532 2,677 1,424 14,145 42,522 18,428 21,194 16,762 98,906 17,538 56,340 73,878 172,784 4,842 1,724 16,144 828 2,725 1,282 13,644 41,190 18,678 20,894 17,746 98,508 19,758 54,965 74,723 173,231 4,868 2,670 16,934 961 3,666 1,117 13,569 43,786 18,953 21,234 17,586 101,559 18,078 55,966 74,044 175,603 4,856 2,212 17,263 1,083 4,262 1,287 14,471 45,434 19,288 21,286 17,880 103,889 17,646 57,961 75,608 179,496 3,593 421 7,111 150 1,886 880 2,978 17,019 6,105 4,351 913 28,387 2,894 19,201 22,095 50,482 3,191 390 7,006 145 2,082 682 3,003 16,499 5,938 3,858 1,055 27,349 2,014 20,753 22,767 50,116 3,549 506 6,696 126 2,189 725 2,849 16,641 6,356 3,759 970 27,726 2,723 18,511 21,234 48,959 3,412 377 6,983 178 1,843 614 2,971 16,377 6,046 4,089 931 27,443 2,884 18,647 21,530 48,973 3,379 449 6,781 253 2,058 765 3,042 16,727 6,091 4,029 919 27,767 3,011 18,738 21,748 49,515 653 599 446 540 452 30,272 31,119 30,106 29,637 30,857 15,951 16,243 14,637 15,744 15,604 (percent of total assets) (percent of total assets) (percent of total assets) 15.1 25.9 16.9 61.9 32.1 10.3 33.1 22.8 58.5 41.5 11.9 27.5 18.4 61.4 33.6 9.0 34.4 23.5 60.7 39.3 9.8 26.5 19.5 60.3 33.4 9.5 37.6 30.1 70.5 29.5 6.5 31.9 16.2 58.8 35.4 7.2 31.1 32.5 66.2 33.8 7.0 32.0 17.0 59.1 37.1 11.5 38.0 24.9 64.5 35.5 6.8 18.0 13.5 42.4 22.0 6.5 24.7 23.7 57.8 42.2 6.9 18.3 13.6 42.6 21.9 6.1 24.6 22.9 57.2 42.8 6.7 17.0 13.8 41.2 22.1 6.1 23.8 22.8 56.9 43.1 6.1 18.0 14.2 41.8 21.6 7.0 24.9 22.9 57.8 42.2 6.3 18.4 14.4 42.5 21.7 7.0 25.3 22.6 57.9 42.1 11.9 28.9 19.5 65.3 28.5 13.4 33.7 20.7 56.2 43.8 12.6 29.2 19.1 65.3 28.9 12.7 32.9 19.5 54.6 45.4 12.0 28.0 19.8 63.9 29.9 14.2 34.0 20.7 56.6 43.4 12.1 29.5 20.0 65.6 28.3 12.8 33.4 20.7 56.0 44.0 12.1 29.1 20.5 65.3 28.9 13.4 33.8 20.4 56.1 43.9 45 U.S. Census Bureau Table 12.0—Income Statement For Corporations in NAICS Manufacturing Subsector 333 and Subsector 334 Machinery Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 2.8 89.2 8.0 1.8 1.9 8.1 1.6 6.5 100.0 2.7 89.7 7.7 1.7 1.6 7.6 1.7 5.9 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.44 0.26 1.69 1.48 0.27 1.67 1.49 0.29 1.71 1.52 0.28 1.76 1.46 0.25 1.74 19.46 15.64 7.46 6.00 17.79 13.90 6.85 5.35 13.05 10.00 5.10 3.91 12.76 10.61 5.10 4.24 17.55 14.25 7.00 5.68 100.0 2.7 92.2 5.1 1.8 2.3 5.7 1.3 4.4 100.0 2.7 91.3 6.1 1.8 1.6 5.9 1.0 4.9 100.0 2.5 90.0 7.6 1.7 1.7 7.5 1.4 6.1 73,018 2,033 65,164 5,822 1,308 1,377 5,891 1,155 4,735 1,354 3,382 47,055 (426) 50,011 71,413 1,914 64,031 5,469 1,203 1,139 5,405 1,182 4,222 829 3,393 51,589 (228) 54,754 72,116 1,956 66,463 3,696 1,274 1,682 4,105 957 3,148 1,418 1,730 55,541 82 57,353 71,479 1,918 65,230 4,331 1,296 1,172 4,207 707 3,500 1,191 2,309 58,569 (170) 60,707 78,273 1,924 70,439 5,910 1,361 1,342 5,891 1,110 4,781 1,085 3,697 59,446 (160) 62,983 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 46 U.S. Census Bureau Machinery Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Computer and Electronic Products 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Computer and Electronic Products Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 12,691 303 11,528 860 112 (54) 694 84 610 358 252 6,579 (78) 6,753 12,685 310 11,392 983 119 32 895 105 790 238 552 5,793 (10) 6,334 12,482 326 11,752 404 135 1 270 40 231 387 (156) 6,618 58 6,519 12,600 282 11,358 961 127 (37) 797 88 709 555 154 7,894 (22) 8,026 13,012 307 11,676 1,029 132 24 922 123 799 387 412 6,073 9 6,494 128,661 5,690 115,550 7,421 1,474 11,216 17,162 4,971 12,191 2,660 9,531 (27,012) (3,583) (21,064) (million dollars) 131,845 5,714 119,278 6,854 1,541 10,021 15,333 3,935 11,398 2,528 8,870 (21,331) (3,665) (16,127) 138,857 5,765 125,314 7,777 1,518 12,559 18,818 5,150 13,668 1,624 12,043 (12,033) (6,991) (6,980) 130,804 5,626 120,193 4,985 1,374 12,344 15,955 4,675 11,280 3,210 8,071 (4,472) (11,438) (7,838) 134,762 5,606 121,773 7,383 1,453 12,310 18,240 5,269 12,971 1,747 11,224 (1,953) (4,330) 4,942 7,122 192 6,663 266 85 9 190 80 109 221 (111) (11,707) (296) (12,115) (million dollars) 7,302 194 6,962 146 90 (70) (13) 69 (83) 186 (269) (14,770) (8) (15,048) 6,839 194 6,726 (80) 89 (33) (202) 55 (257) 223 (480) (13,404) (126) (14,010) 6,754 189 6,538 26 59 56 23 68 (45) 164 (209) 7,134 192 6,874 68 72 13 9 144 (134) 285 (419) (13,214) (10,891) (152) (20) (13,575) (11,330) (percent of net sales) 100.0 2.4 90.8 6.8 0.9 (0.4) 5.5 0.7 4.8 100.0 2.4 89.8 7.7 0.9 0.3 7.1 0.8 6.2 (percent) 100.0 2.6 94.2 3.2 1.1 0.0 2.2 0.3 1.8 100.0 2.2 90.1 7.6 1.0 (0.3) 6.3 0.7 5.6 100.0 2.4 89.7 7.9 1.0 0.2 7.1 0.9 6.1 100.0 4.4 89.8 5.8 1.1 8.7 13.3 3.9 9.5 (percent of net sales) 100.0 4.3 90.5 5.2 1.2 7.6 11.6 3.0 8.6 (percent) 100.0 4.2 90.2 5.6 1.1 9.0 13.6 3.7 9.8 100.0 4.3 91.9 3.8 1.1 9.4 12.2 3.6 8.6 100.0 4.2 90.4 5.5 1.1 9.1 13.5 3.9 9.6 100.0 2.7 93.6 3.7 1.2 0.1 2.7 1.1 1.5 (percent of net sales) 100.0 2.7 95.3 2.0 1.2 (1.0) (0.2) 1.0 (1.1) (percent) 100.0 2.8 98.3 (1.2) 1.3 (0.5) (3.0) 0.8 (3.8) 100.0 2.8 96.8 0.4 0.9 0.8 0.3 1.0 (0.7) 100.0 2.7 96.4 1.0 1.0 0.2 0.1 2.0 (1.9) 25.15 22.12 10.43 9.17 34.04 30.04 13.50 11.91 11.08 9.45 4.20 3.58 28.51 25.38 11.56 10.29 33.42 28.97 12.98 11.25 14.83 10.54 8.49 6.03 13.06 9.71 7.50 5.57 15.53 11.28 8.99 6.53 13.15 9.30 7.63 5.40 14.87 10.57 8.64 6.14 14.86 8.57 4.76 2.75 (1.04) (6.49) (0.33) (2.05) (14.88) (18.97) (5.30) (6.75) 1.51 (2.89) 0.57 (1.10) 0.47 (6.66) 0.22 (3.18) 1.93 0.37 1.37 1.84 0.35 1.24 1.79 0.28 1.12 1.83 0.31 1.32 1.84 0.33 1.17 1.62 0.63 4.03 1.58 0.63 4.10 1.59 0.64 4.31 1.58 0.62 4.29 1.60 0.61 4.29 1.52 0.43 1.13 1.54 0.46 1.12 1.52 0.47 1.57 1.76 0.55 1.40 2.22 0.78 1.80 47 U.S. Census Bureau Table 12.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 333 and Subsector 334 Machinery Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.3 13.4 11.8 40.7 13.7 4.1 28.3 18.6 61.6 38.4 7.6 14.1 12.2 42.3 13.4 4.3 28.6 18.8 61.5 38.5 8.1 13.6 12.0 41.3 13.4 4.2 27.8 18.6 60.9 39.1 7.7 13.9 12.8 41.8 13.1 4.3 27.6 18.4 60.0 40.0 7.1 14.2 12.8 41.7 13.1 4.7 28.5 18.2 60.1 39.9 39,027 43,299 43,616 46,939 44,412 3,602 4,488 27,446 4,499 2,104 2,619 44,705 89,464 25,042 33,621 46,459 194,585 71,086 50,011 121,097 315,682 4,732 4,384 26,279 4,388 1,878 2,641 45,848 90,150 25,144 34,213 44,407 193,914 66,785 54,754 121,539 315,453 3,401 5,041 28,379 4,488 2,348 2,645 43,258 89,560 26,052 33,901 46,826 196,340 68,498 57,353 125,851 322,191 4,244 5,539 29,880 4,509 2,528 1,947 42,398 91,044 25,805 34,872 46,277 197,998 71,182 60,707 131,890 329,888 4,625 6,070 30,312 4,503 2,821 2,403 45,286 96,020 26,866 34,445 45,049 202,379 71,276 62,983 134,259 336,638 10,927 3,122 14,049 8,913 22,962 42,154 37,180 26,195 128,490 104,939 2,290 63,997 43,232 143,960 315,682 2Q 2004 3Q 2004 (million dollars) 10,644 3,931 14,576 9,414 23,990 44,581 38,584 26,294 133,450 103,129 2,260 63,117 42,272 139,731 315,453 12,477 4,469 16,946 9,138 26,084 43,844 38,661 24,587 133,176 105,404 2,267 64,597 43,073 145,942 322,191 11,476 4,671 16,147 9,226 25,374 45,974 42,102 24,533 137,982 106,583 2,281 65,737 43,127 148,778 329,888 11,730 3,166 14,896 9,017 23,913 47,948 43,055 25,516 140,433 108,281 2,276 66,307 44,250 151,955 336,638 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 48 U.S. Census Bureau Machinery Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Computer and Electronic Products 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Computer and Electronic Products Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 2,890 242 3,133 528 3,661 6,852 7,107 1,278 18,898 18,648 356 13,096 5,907 1,814 26,619 2,843 176 3,020 628 3,648 6,690 7,398 1,212 18,948 18,415 373 12,962 5,826 1,760 26,534 2,231 205 2,436 417 2,853 6,997 7,284 1,021 18,155 19,282 363 13,710 5,935 1,660 25,749 2,515 290 2,805 480 3,285 7,120 8,110 979 19,493 19,449 381 13,732 6,098 1,967 27,558 2,684 338 3,021 546 3,567 7,254 8,433 874 20,128 19,823 324 13,565 6,582 1,701 28,411 50,562 8,899 59,462 45,758 105,219 66,325 48,260 49,560 269,364 232,038 5,555 145,616 91,978 447,627 808,968 (million dollars) 50,733 8,599 59,332 50,548 109,880 67,826 50,413 46,620 274,739 234,397 5,474 148,102 91,769 451,341 817,849 49,622 8,812 58,434 54,449 112,883 69,953 49,826 48,280 280,942 228,185 5,491 141,161 92,515 464,186 837,642 45,039 7,633 52,671 53,807 106,478 69,147 50,269 48,108 274,002 230,004 5,526 142,971 92,559 469,469 836,031 45,502 8,607 54,109 52,974 107,083 72,694 49,820 50,817 280,413 230,830 5,569 144,304 92,095 472,097 844,605 2,425 286 2,711 660 3,371 4,086 3,808 693 11,958 8,416 116 6,039 2,492 1,488 15,939 (million dollars) 2,608 333 2,941 700 3,641 4,034 3,910 644 12,228 8,604 116 6,218 2,502 1,416 16,147 2,448 203 2,651 834 3,485 3,762 3,503 500 11,250 8,820 142 6,214 2,747 1,261 15,258 2,839 252 3,091 620 3,711 3,739 3,745 584 11,779 9,320 191 6,396 3,114 1,440 16,333 3,068 359 3,428 904 4,331 3,778 3,717 551 12,378 9,251 182 6,375 3,058 1,491 16,927 1,668 373 3,924 124 526 337 2,836 9,789 2,685 2,446 660 15,579 4,287 6,753 11,040 26,619 1,727 516 3,801 137 642 413 3,063 10,299 2,752 2,409 552 16,012 4,188 6,334 10,523 26,534 1,492 530 4,050 85 785 518 2,705 10,165 3,008 2,377 438 15,988 3,242 6,519 9,761 25,749 1,776 305 4,325 97 848 417 2,859 10,627 2,646 2,493 616 16,382 3,150 8,026 11,177 27,558 1,685 421 4,247 106 864 566 3,028 10,917 3,052 2,817 595 17,381 4,537 6,494 11,031 28,411 2,205 6,777 43,238 11,450 1,644 7,455 93,785 166,554 18,060 78,591 82,929 346,135 483,897 (21,064) 462,833 808,968 2,563 8,439 45,597 12,801 3,082 8,288 93,594 174,365 17,081 75,061 81,722 348,229 485,747 (16,127) 469,620 817,849 2,369 8,355 46,158 11,400 3,345 7,819 97,307 176,751 16,950 73,730 85,524 352,956 491,667 (6,980) 484,686 837,642 2,047 8,711 44,927 11,892 3,686 5,262 96,358 172,884 17,097 76,436 84,209 350,625 493,244 (7,838) 485,405 836,031 2,302 7,837 45,122 11,661 3,757 6,225 98,830 175,734 16,480 77,650 84,094 353,958 485,706 4,942 490,647 844,605 774 199 2,392 51 408 472 3,550 7,848 1,133 1,548 302 10,831 17,222 (12,115) 5,108 15,939 779 170 2,520 66 405 507 3,516 7,964 1,146 1,528 413 11,051 20,143 (15,048) 5,096 16,147 627 246 2,386 75 292 216 3,567 7,410 1,064 1,016 338 9,829 19,439 (14,010) 5,429 15,258 716 208 2,151 62 277 155 3,131 6,701 1,373 1,713 336 10,124 749 281 2,089 127 332 185 1,813 5,576 1,117 1,815 344 8,852 19,784 19,405 (13,575) (11,330) 6,209 16,333 8,075 16,927 9,109 8,650 7,989 8,867 9,211 102,810 100,374 104,190 101,118 104,679 4,111 4,265 3,839 5,078 6,802 (percent of total assets) (percent of total assets) (percent of total assets) 13.8 25.7 26.7 71.0 22.2 10.9 36.8 19.3 58.5 41.5 13.7 25.2 27.9 71.4 22.0 12.4 38.8 19.5 60.3 39.7 11.1 27.2 28.3 70.5 23.0 12.9 39.5 20.9 62.1 37.9 11.9 25.8 29.4 70.7 22.1 12.1 38.6 18.6 59.4 40.6 12.6 25.5 29.7 70.8 23.2 12.4 38.4 20.7 61.2 38.8 13.0 8.2 6.0 33.3 11.4 2.2 20.6 11.9 42.8 57.2 13.4 8.3 6.2 33.6 11.2 2.7 21.3 11.3 42.6 57.4 13.5 8.4 5.9 33.5 11.0 2.6 21.1 10.8 42.1 57.9 12.7 8.3 6.0 32.8 11.1 2.4 20.7 11.2 41.9 58.1 12.7 8.6 5.9 33.2 10.9 2.4 20.8 11.1 41.9 58.1 21.2 25.6 23.9 75.0 15.6 11.6 49.2 16.8 68.0 32.0 22.5 25.0 24.2 75.7 15.5 11.5 49.3 16.6 68.4 31.6 22.8 24.7 23.0 73.7 18.0 9.1 48.6 13.6 64.4 35.6 22.7 22.9 22.9 72.1 19.1 8.3 41.0 18.9 62.0 38.0 25.6 22.3 22.0 73.1 18.1 9.1 32.9 17.3 52.3 47.7 49 U.S. Census Bureau Table 13.0—Income Statement For Corporations in NAICS Manufacturing Industry Group 3341 and Industry Group 3342 Computer and Peripheral Equipment1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 3.0 92.4 4.6 0.4 11.4 15.5 3.2 12.3 100.0 2.8 96.0 1.2 0.6 10.8 11.5 2.0 9.4 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 38,840 1,166 35,900 1,775 174 4,416 6,017 1,246 4,771 395 4,376 58,352 (205) 62,523 40,152 1,118 38,552 482 228 4,344 4,599 820 3,778 771 3,007 62,418 256 65,682 44,558 1,150 41,549 1,859 193 6,434 8,099 1,523 6,577 396 6,181 65,918 351 72,451 40,923 1,163 39,790 (29) 199 5,371 5,142 1,066 4,076 966 3,110 73,721 (6,525) 70,306 41,530 1,178 39,114 1,238 271 5,874 6,840 1,645 5,195 493 4,702 70,422 (198) 74,926 (percent of net sales) 100.0 2.6 93.2 4.2 0.4 14.4 18.2 3.4 14.8 100.0 2.8 97.2 (0.1) 0.5 13.1 12.6 2.6 10.0 100.0 2.8 94.2 3.0 0.7 14.1 16.5 4.0 12.5 19.72 15.64 10.56 8.37 14.94 12.28 7.97 6.55 25.80 20.95 13.48 10.94 16.09 12.75 8.55 6.77 21.11 16.03 11.18 8.49 1.09 0.35 3.66 1.06 0.38 3.51 1.11 0.43 3.44 1.09 0.39 3.54 1.12 0.39 3.44 Included in Computer and Electronic Products. 50 U.S. Census Bureau Computer and Peripheral Equipment Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Communications Equipment1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Communications Equipment Total Assets Under $25 Million1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 788 16 700 72 5 2 69 9 60 40 19 (878) (10) (868) 807 19 805 (18) 7 5 (20) 9 (29) 22 (51) (2,310) 11 (2,350) 619 25 654 (60) 5 0 (64) 5 (69) 15 (85) (1,548) 32 (1,601) 577 20 531 26 4 2 24 3 20 18 3 (1,227) (42) (1,267) 661 9 635 18 3 3 18 (1) 18 74 (56) 24,939 813 24,076 50 448 3,593 3,195 1,687 1,508 1,356 152 (million dollars) 25,563 855 23,880 827 443 2,819 3,203 1,110 2,093 269 1,825 27,035 759 25,527 749 414 2,888 3,223 1,247 1,976 275 1,700 25,291 774 23,969 547 332 3,428 3,643 1,103 2,540 287 2,254 27,331 729 24,880 1,723 316 2,530 3,937 1,285 2,652 135 2,517 543 27 618 (102) 9 5 (106) 3 (109) 19 (128) (4,104) (17) (4,249) (million dollars) 625 29 725 (129) 11 (1) (141) 12 (153) 6 (159) (3,983) 13 (4,130) 662 20 714 (72) 6 (7) (85) 9 (94) 15 (109) (2,297) (20) (2,426) 776 28 765 (17) 7 25 1 7 (6) 10 (16) (3,223) (54) (3,293) 977 30 883 65 8 (1) 56 67 (11) 1 (12) (5,117) (14) (5,143) (1,444) (122,468) (123,566) (117,550) (120,326) (120,217) 3 (2,016) (1,671) (4,947) (2,189) (1,974) (1,497) (124,332) (123,413) (120,796) (120,261) (119,674) (percent of net sales) (percent of net sales) 100.0 2.0 88.9 9.2 0.7 0.3 8.8 1.2 7.6 100.0 2.4 99.8 (2.2) 0.9 0.6 (2.5) 1.1 (3.6) (percent) 100.0 4.1 105.5 (9.6) 0.8 0.0 (10.4) 0.8 (11.2) 100.0 3.5 92.0 4.5 0.7 0.4 4.1 0.6 3.5 100.0 1.3 96.0 2.7 0.5 0.5 2.7 (0.1) 2.8 100.0 3.3 96.5 0.2 1.8 14.4 12.8 6.8 6.0 (percent of net sales) 100.0 3.1 94.8 2.2 1.3 13.6 14.4 4.4 10.0 100.0 2.7 91.0 6.3 1.2 9.3 14.4 4.7 9.7 100.0 4.9 113.8 (18.8) 1.7 1.0 (19.5) 0.6 (20.0) 100.0 4.6 116.1 (20.7) 1.7 (0.1) (22.5) 1.9 (24.4) (percent) 100.0 3.0 107.8 (10.8) 0.9 (1.1) (12.9) 1.4 (14.2) 100.0 3.6 98.5 (2.1) 0.9 3.2 0.2 0.9 (0.8) 100.0 3.0 90.4 6.6 0.8 (0.1) 5.7 6.8 (1.1) 100.0 3.3 93.4 3.2 1.7 11.0 12.5 4.3 8.2 (percent) 100.0 2.8 94.4 2.8 1.5 10.7 11.9 4.6 7.3 40.24 34.79 20.09 17.37 (11.38) (16.17) (5.33) (7.57) (36.01) (38.79) (19.47) (20.97) 11.90 10.23 7.72 6.63 6.96 7.15 4.72 4.86 13.33 6.29 7.10 3.35 13.03 8.51 6.96 4.55 12.85 7.87 7.12 4.36 14.69 10.24 8.09 5.64 15.90 10.71 8.79 5.92 (65.79) (67.68) (24.16) (24.85) (75.02) (81.45) (28.91) (31.39) (44.06) (48.73) (20.26) (22.40) 0.49 (2.45) 0.26 (1.29) 18.33 (3.57) 9.51 (1.85) 2.35 0.65 2.27 2.34 0.79 1.80 2.79 1.10 2.56 4.24 1.92 3.85 3.06 1.34 6.44 1.78 0.95 3.46 1.81 0.98 3.66 1.81 0.94 4.06 1.71 0.83 4.06 1.67 0.81 4.36 2.36 1.02 1.16 1.89 0.82 1.39 1.80 0.85 2.11 2.22 0.95 2.73 2.19 1.06 2.85 51 U.S. Census Bureau Table 13.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Group 3341 and Industry Group 3342 Computer and Peripheral Equipment1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 8,216 1,569 9,785 7,193 16,978 15,613 8,646 10,870 52,106 45,331 1,518 27,680 19,169 156,756 228,031 8,497 1,114 9,611 9,898 19,508 16,245 9,376 9,618 54,746 45,689 1,519 28,352 18,856 157,133 230,735 8,735 1,802 10,537 13,018 23,555 18,461 9,319 9,089 60,424 46,132 1,568 28,384 19,315 160,659 240,398 8,548 547 9,095 10,388 19,483 17,069 9,278 9,205 55,035 46,096 1,551 28,483 19,164 166,510 240,709 8,665 1,020 9,685 10,506 20,191 19,518 9,253 8,745 57,707 46,166 1,541 28,462 19,245 167,709 244,661 151 1,545 14,418 2,718 161 4,534 24,347 47,875 7,196 19,740 31,176 105,987 59,521 62,523 122,044 228,031 117 4,281 16,407 2,498 1,657 4,055 22,692 51,708 5,974 18,981 30,945 107,608 57,445 65,682 123,127 230,735 109 4,177 17,048 1,920 1,858 3,773 25,582 54,468 5,658 20,871 33,850 114,847 53,100 72,451 125,551 240,398 96 4,299 15,829 1,951 2,101 1,275 24,725 50,276 5,388 22,971 34,216 112,851 57,552 70,306 127,858 240,709 131 3,299 15,903 2,336 2,209 2,693 24,793 51,364 5,198 24,153 34,320 115,036 54,699 74,926 129,625 244,661 4,232 3,039 5,956 4,760 6,342 (percent of total assets) 7.4 6.8 3.8 22.9 8.4 2.8 21.0 11.8 46.5 53.5 8.5 7.0 4.1 23.7 8.2 4.4 22.4 10.8 46.6 53.4 9.8 7.7 3.9 25.1 8.0 4.1 22.7 11.0 47.8 52.2 8.1 7.1 3.9 22.9 8.0 3.2 20.9 11.8 46.9 53.1 8.3 8.0 3.8 23.6 7.9 3.4 21.0 12.0 47.0 53.0 Included in Computer and Electronic Products. 52 U.S. Census Bureau Computer and Peripheral Equipment Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Communications Equipment1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Communications Equipment Total Assets Under $25 Million1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 264 5 269 60 329 391 301 170 1,191 623 4 488 138 44 1,373 387 3 390 40 430 389 381 72 1,272 789 4 594 198 64 1,534 323 11 334 93 427 310 285 57 1,080 682 24 517 189 55 1,324 368 20 388 49 437 229 271 27 964 596 21 423 194 72 1,230 409 83 492 28 520 291 314 59 1,184 649 26 436 239 85 1,508 16,308 1,995 18,303 18,649 36,952 15,882 7,444 8,920 69,198 39,394 820 27,161 13,053 97,637 179,888 (million dollars) 16,887 1,347 18,234 20,222 38,456 16,073 8,082 8,407 71,017 39,889 821 27,396 13,314 99,887 184,219 14,399 1,048 15,447 20,142 35,589 15,640 7,838 9,330 68,397 31,504 798 20,130 12,172 100,579 181,148 10,647 938 11,585 20,152 31,737 16,433 7,797 9,691 65,659 31,695 784 20,379 12,100 102,280 180,038 10,973 983 11,956 19,433 31,389 17,067 7,564 8,991 65,010 31,430 748 20,281 11,898 102,232 179,140 342 109 451 139 591 309 371 101 1,371 961 5 781 186 192 1,749 (million dollars) 390 108 499 156 654 364 411 79 1,508 1,119 5 912 212 226 1,946 406 14 419 177 597 297 321 52 1,266 970 6 816 160 255 1,682 444 17 462 132 594 358 363 69 1,383 1,246 10 1,001 254 257 1,895 610 65 676 201 877 485 380 75 1,817 1,467 9 1,201 275 262 2,354 38 17 170 18 57 25 182 508 91 75 15 688 1,554 (868) 686 1,373 55 16 192 20 46 18 196 543 166 99 7 816 3,068 (2,350) 718 1,534 40 3 140 5 5 19 176 387 176 37 7 608 2,316 (1,601) 716 1,324 1 3 113 4 4 0 103 227 172 27 6 432 2,064 (1,267) 797 1,230 35 3 164 3 32 0 150 387 64 25 7 484 596 1,767 7,455 1,122 110 359 27,415 38,825 532 24,322 20,335 84,014 701 701 7,785 1,396 127 403 28,125 39,238 584 24,332 21,707 85,861 791 796 7,213 1,467 130 648 26,702 37,747 769 21,554 20,728 80,798 699 839 7,311 1,497 86 739 27,188 38,359 773 21,316 20,407 80,856 621 820 7,570 1,675 97 852 27,279 38,913 719 19,587 20,866 80,085 54 21 254 3 14 23 214 581 174 268 84 1,107 4,891 (4,249) 642 1,749 142 3 264 3 29 45 313 799 121 199 77 1,196 4,880 (4,130) 750 1,946 127 50 262 18 10 8 229 703 70 102 34 909 3,198 (2,426) 773 1,682 82 1 209 17 12 28 276 624 108 137 24 893 4,296 (3,293) 1,002 1,895 61 53 212 75 16 31 380 830 141 126 37 1,133 6,364 (5,143) 1,220 2,354 2,521 220,206 221,771 221,146 219,444 218,729 (1,497) (124,332) (123,413) (120,796) (120,261) (119,674) 1,024 1,508 95,874 179,888 98,359 184,219 100,350 181,148 99,182 180,038 99,055 179,140 683 728 693 736 797 30,373 31,779 30,650 27,299 26,097 790 709 563 759 987 (percent of total assets) (percent of total assets) (percent of total assets) 24.0 28.5 21.9 86.7 10.1 10.0 37.0 12.0 50.1 49.9 28.0 25.4 24.8 82.9 12.9 8.8 35.4 17.3 53.2 46.8 32.3 23.4 21.5 81.6 14.3 5.0 29.3 16.1 45.9 54.1 35.5 18.6 22.0 78.4 15.8 0.6 18.5 16.2 35.1 64.9 34.5 19.3 20.8 78.5 15.9 4.6 25.7 5.9 32.1 67.9 20.5 8.8 4.1 38.5 7.3 1.6 21.6 13.8 46.7 53.3 20.9 8.7 4.4 38.6 7.2 1.0 21.3 13.5 46.6 53.4 19.6 8.6 4.3 37.8 6.7 1.3 20.8 12.3 44.6 55.4 17.6 9.1 4.3 36.5 6.7 1.3 21.3 12.3 44.9 55.1 17.5 9.5 4.2 36.3 6.6 1.3 21.7 11.3 44.7 55.3 33.8 17.7 21.2 78.4 10.6 6.4 33.2 25.2 63.3 36.7 33.6 18.7 21.1 77.5 10.9 11.2 41.0 16.5 61.5 38.5 35.5 17.7 19.1 75.3 9.5 11.6 41.8 10.2 54.0 46.0 31.3 18.9 19.2 73.0 13.4 6.4 32.9 12.9 47.1 52.9 37.2 20.6 16.1 77.2 11.7 6.9 35.3 11.3 48.1 51.9 53 U.S. Census Bureau Table 14.0—Income Statement For Corporations in NAICS Manufacturing Industry Groups 3343 - 3346 and Subsector 335 All Other Electronic Products1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 5.7 85.7 8.6 1.3 4.9 12.3 3.1 9.1 100.0 5.7 86.0 8.4 1.3 4.3 11.4 3.0 8.4 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 64,883 3,712 55,575 5,596 852 3,206 7,950 2,038 5,912 908 5,003 37,104 (1,362) 40,745 66,130 3,741 56,845 5,544 871 2,858 7,531 2,005 5,526 1,488 4,038 39,817 (2,251) 41,604 67,263 3,855 58,238 5,170 911 3,238 7,496 2,381 5,115 953 4,162 39,598 (2,395) 41,365 64,590 3,689 56,435 4,467 842 3,545 7,169 2,505 4,664 1,957 2,707 42,134 (2,723) 42,117 65,901 3,699 57,779 4,422 866 3,906 7,462 2,339 5,123 1,118 4,005 47,843 (2,158) 49,690 (percent of net sales) 100.0 5.7 86.6 7.7 1.4 4.8 11.1 3.5 7.6 100.0 5.7 87.4 6.9 1.3 5.5 11.1 3.9 7.2 100.0 5.6 87.7 6.7 1.3 5.9 11.3 3.5 7.8 12.98 9.65 7.93 5.90 12.14 8.91 7.48 5.49 11.59 7.91 7.21 4.92 11.10 7.22 6.91 4.49 11.39 7.82 7.09 4.87 1.85 0.64 4.56 1.79 0.62 4.72 1.80 0.64 5.03 1.82 0.66 4.91 1.85 0.65 4.86 Included in Computer and Electronic Products. 54 U.S. Census Bureau All Other Electronic Products Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Electrical Equipment, Appliances, and Components 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Electrical Equipment, Appliances, and Components Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 5,791 150 5,345 296 71 1 226 68 159 162 (3) (6,725) (270) (6,998) 5,871 146 5,432 293 72 (74) 148 49 99 158 (59) (8,477) (32) (8,568) 5,558 149 5,358 51 77 (26) (52) 41 (94) 193 (287) (9,558) (139) (9,984) 5,400 141 5,241 17 49 30 (1) 58 (59) 136 (195) (8,763) (56) (9,015) 5,495 153 5,355 (14) 61 11 (64) 78 (142) 209 (351) (4,331) (8) (4,690) 48,357 1,371 43,737 3,249 422 3,551 6,377 928 5,449 2,957 2,492 109,763 (157) 112,099 (million dollars) 49,309 1,425 44,552 3,333 692 4,222 6,863 897 5,967 2,601 3,365 111,579 (20) 114,924 52,867 1,521 47,134 4,213 686 4,086 7,613 571 7,041 3,253 3,788 115,347 (159) 118,976 48,616 1,440 44,252 2,925 761 4,287 6,450 1,007 5,444 3,149 2,294 118,763 (875) 120,183 52,522 1,423 47,250 3,850 746 4,712 7,816 1,161 6,655 3,251 3,404 120,188 (1,345) 122,247 3,469 51 3,193 225 27 (25) 172 23 149 97 52 865 (38) 879 (million dollars) 3,595 48 3,252 294 26 (19) 249 44 205 62 144 1,428 (7) 1,565 3,829 64 3,541 225 33 (29) 163 57 106 168 (62) 1,207 27 1,172 3,937 51 3,652 234 35 (36) 162 38 124 55 69 1,002 (62) 1,009 4,165 78 3,750 337 41 (20) 275 27 248 100 148 (278) (37) (167) (percent of net sales) 100.0 2.6 92.3 5.1 1.2 0.0 3.9 1.2 2.7 100.0 2.5 92.5 5.0 1.2 (1.3) 2.5 0.8 1.7 (percent) 100.0 2.7 96.4 0.9 1.4 (0.5) (0.9) 0.7 (1.7) 100.0 2.6 97.1 0.3 0.9 0.5 0.0 1.1 (1.1) 100.0 2.8 97.5 (0.3) 1.1 0.2 (1.2) 1.4 (2.6) 100.0 2.8 90.4 6.7 0.9 7.3 13.2 1.9 11.3 (percent of net sales) 100.0 2.9 90.4 6.8 1.4 8.6 13.9 1.8 12.1 (percent) 100.0 2.9 89.2 8.0 1.3 7.7 14.4 1.1 13.3 100.0 3.0 91.0 6.0 1.6 8.8 13.3 2.1 11.2 100.0 2.7 90.0 7.3 1.4 9.0 14.9 2.2 12.7 100.0 1.5 92.0 6.5 0.8 (0.7) 5.0 0.7 4.3 (percent of net sales) 100.0 1.3 90.5 8.2 0.7 (0.5) 6.9 1.2 5.7 (percent) 100.0 1.7 92.5 5.9 0.9 (0.7) 4.3 1.5 2.8 100.0 1.3 92.8 5.9 0.9 (0.9) 4.1 1.0 3.2 100.0 1.9 90.0 8.1 1.0 (0.5) 6.6 0.6 6.0 23.96 16.78 7.07 4.95 16.30 10.92 4.67 3.13 (5.32) (9.53) (1.71) (3.06) (0.13) (5.36) (0.04) (1.79) (4.41) (9.73) (1.97) (4.34) 19.10 16.32 9.73 8.32 19.88 17.28 10.31 8.96 21.61 19.99 10.96 10.14 18.35 15.48 9.24 7.80 20.99 17.87 11.16 9.51 25.16 21.76 10.90 9.42 34.71 28.63 14.62 12.06 22.43 14.63 9.05 5.90 20.96 16.03 8.64 6.61 34.03 30.70 13.61 12.28 1.39 0.36 1.03 1.43 0.39 1.01 1.41 0.39 1.40 1.61 0.46 1.14 2.15 0.67 1.50 1.23 0.16 3.45 1.20 0.15 3.57 1.17 0.16 3.66 1.12 0.12 3.48 1.13 0.12 3.60 2.14 0.38 1.67 1.98 0.36 1.61 1.93 0.31 1.30 1.87 0.27 1.40 1.92 0.33 1.27 55 U.S. Census Bureau Table 14.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Groups 3343 - 3346 and Subsector 335 All Other Electronic Products1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 26,038 5,335 31,373 19,917 51,290 34,829 32,170 29,770 148,059 147,313 3,217 90,775 59,756 193,234 401,049 25,349 6,138 31,487 20,429 51,916 35,508 32,955 28,596 148,975 148,819 3,134 92,354 59,599 194,321 402,894 26,488 5,962 32,450 21,289 53,739 35,852 32,669 29,861 152,121 150,549 3,126 92,647 61,027 202,947 416,096 25,844 6,147 31,991 23,267 55,258 35,644 33,193 29,213 153,308 152,213 3,191 94,108 61,296 200,679 415,283 25,864 6,604 32,468 23,035 55,503 36,109 33,003 33,082 157,696 153,233 3,280 95,561 60,953 202,155 420,804 1,458 3,464 21,365 7,611 1,373 2,561 42,023 79,855 10,332 34,529 31,418 156,134 204,170 40,745 244,915 401,049 1,745 3,457 21,406 8,907 1,298 3,831 42,776 83,419 10,523 31,747 29,070 154,760 206,530 41,604 248,134 402,894 1,469 3,381 21,896 8,012 1,357 3,398 45,023 84,536 10,523 31,305 30,946 157,311 217,420 41,365 258,785 416,096 1,252 3,573 21,788 8,444 1,499 3,248 44,445 84,249 10,935 32,148 29,586 156,918 216,248 42,117 258,365 415,283 1,550 3,718 21,649 7,650 1,452 2,680 46,758 85,457 10,563 33,910 28,908 158,837 212,277 49,690 261,967 420,804 68,205 65,556 67,585 69,059 72,239 (percent of total assets) 12.8 8.7 8.0 36.9 14.9 2.2 19.9 11.2 38.9 61.1 12.9 8.8 8.2 37.0 14.8 2.6 20.7 10.5 38.4 61.6 12.9 8.6 7.9 36.6 14.7 2.3 20.3 10.1 37.8 62.2 13.3 8.6 8.0 36.9 14.8 2.3 20.3 10.4 37.8 62.2 13.2 8.6 7.8 37.5 14.5 2.2 20.3 10.6 37.7 62.3 Included in Computer and Electronic Products. 56 U.S. Census Bureau All Other Electronic Products Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Electrical Equipment, Appliances, and Components 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 Electrical Equipment, Appliances, and Components Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 1,818 172 1,990 461 2,451 3,386 3,136 423 9,396 6,832 106 4,770 2,168 1,252 12,816 1,831 221 2,052 504 2,556 3,281 3,119 494 9,449 6,696 107 4,712 2,091 1,126 12,667 1,720 178 1,898 564 2,462 3,154 2,897 390 8,903 7,168 111 4,881 2,399 950 12,252 2,027 215 2,241 439 2,680 3,152 3,111 488 9,432 7,478 161 4,972 2,666 1,111 13,209 2,049 211 2,260 675 2,935 3,002 3,024 417 9,378 7,134 146 4,737 2,543 1,145 13,066 6,559 368 6,927 1,975 8,902 24,288 22,081 12,179 67,449 71,158 1,749 43,022 29,885 164,764 262,097 (million dollars) 5,769 228 5,997 2,152 8,149 23,975 22,876 11,391 66,390 71,913 1,722 43,931 29,704 170,147 266,241 6,569 223 6,792 2,560 9,352 25,298 22,917 12,495 70,063 72,775 1,234 43,740 30,269 177,489 277,820 4,853 180 5,033 2,281 7,314 24,595 24,287 11,964 68,160 72,954 1,223 44,229 29,948 181,082 279,190 4,973 306 5,278 2,356 7,635 25,430 24,339 12,362 69,766 73,567 1,208 44,722 30,052 180,216 280,034 780 38 818 44 862 1,843 1,906 198 4,810 3,124 56 2,163 1,016 506 6,332 (million dollars) 803 35 838 128 967 1,898 2,146 277 5,288 3,076 55 2,154 977 551 6,816 731 37 769 119 887 1,954 2,271 328 5,440 3,073 53 2,059 1,066 699 7,206 667 52 719 117 837 2,098 2,348 396 5,679 3,267 42 2,277 1,033 799 7,512 876 52 928 107 1,035 2,226 2,349 426 6,035 4,051 47 2,573 1,526 528 8,088 682 162 1,969 30 338 424 3,154 6,759 868 1,206 203 9,036 10,777 (6,998) 3,780 12,816 582 152 2,064 43 330 444 3,007 6,622 859 1,230 329 9,039 12,195 (8,568) 3,627 12,667 460 193 1,985 53 277 189 3,162 6,320 818 877 297 8,312 13,924 (9,984) 3,940 12,252 633 204 1,830 41 262 127 2,752 5,850 1,094 1,549 306 8,799 13,424 (9,015) 4,410 13,209 653 225 1,713 49 283 155 1,282 4,359 913 1,663 300 7,235 10,521 (4,690) 5,830 13,066 1,302 2,858 14,491 4,809 391 2,984 27,962 54,796 5,933 25,189 42,631 128,549 21,449 112,099 133,548 262,097 1,233 2,929 14,687 4,942 416 3,061 28,060 55,328 6,279 24,821 41,682 128,109 23,207 114,924 138,131 266,241 1,263 2,838 16,099 4,480 526 5,268 29,361 59,836 6,296 22,315 48,456 136,903 21,942 118,976 140,918 277,820 1,965 3,775 15,895 4,481 566 5,176 28,937 60,794 7,204 21,687 48,874 138,560 20,447 120,183 140,630 279,190 2,194 4,519 16,160 4,532 542 4,439 29,227 61,613 7,714 21,983 39,753 131,063 26,724 122,247 148,971 280,034 378 64 1,151 31 94 27 505 2,249 399 681 261 3,590 1,863 879 2,742 6,332 468 111 1,196 44 136 46 672 2,673 377 640 255 3,945 1,305 1,565 2,871 6,816 619 82 1,268 75 120 175 477 2,817 545 694 244 4,300 1,734 1,172 2,906 7,206 648 102 1,336 46 101 179 631 3,043 502 677 193 4,416 2,087 1,009 3,096 7,512 823 33 1,517 30 140 63 529 3,135 810 681 227 4,854 3,402 (167) 3,235 8,088 2,637 2,828 2,583 3,582 5,018 12,652 11,062 10,227 7,366 8,153 2,561 2,614 2,624 2,636 2,900 (percent of total assets) (percent of total assets) (percent of total assets) 19.1 26.4 24.5 73.3 16.9 12.5 52.7 16.2 70.5 29.5 20.2 25.9 24.6 74.6 16.5 11.9 52.3 16.5 71.4 28.6 20.1 25.7 23.6 72.7 19.6 9.1 51.6 13.8 67.8 32.2 20.3 23.9 23.6 71.4 20.2 9.3 44.3 20.0 66.6 33.4 22.5 23.0 23.1 71.8 19.5 10.1 33.4 19.7 55.4 44.6 3.4 9.3 8.4 25.7 11.4 2.9 20.9 11.9 49.0 51.0 3.1 9.0 8.6 24.9 11.2 2.9 20.8 11.7 48.1 51.9 3.4 9.1 8.2 25.2 10.9 3.6 21.5 10.3 49.3 50.7 2.6 8.8 8.7 24.4 10.7 4.1 21.8 10.3 49.6 50.4 2.7 9.1 8.7 24.9 10.7 4.2 22.0 10.6 46.8 53.2 13.6 29.1 30.1 76.0 16.0 8.9 35.5 17.1 56.7 43.3 14.2 27.8 31.5 77.6 14.3 11.2 39.2 14.9 57.9 42.1 12.3 27.1 31.5 75.5 14.8 13.8 39.1 17.2 59.7 40.3 11.1 27.9 31.3 75.6 13.7 13.7 40.5 15.7 58.8 41.2 12.8 27.5 29.0 74.6 18.9 13.1 38.8 18.4 60.0 40.0 57 U.S. Census Bureau Table 15.0—Income Statement For Corporations in NAICS Manufacturing Subsector 336 and Industry Groups 3361- 3363 Transportation Equipment Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 2.7 94.4 2.9 1.6 3.9 5.2 0.5 4.7 100.0 2.9 94.1 3.0 1.8 2.3 3.4 0.8 2.5 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 205,588 5,538 194,038 6,012 3,369 7,993 10,636 964 9,672 2,243 7,429 131,552 (647) 138,334 191,074 5,618 179,812 5,643 3,532 4,324 6,435 1,621 4,814 2,000 2,814 137,555 (208) 140,161 208,612 5,920 200,157 2,535 3,791 4,817 3,562 (710) 4,272 2,892 1,380 141,062 (707) 141,734 199,575 5,635 191,411 2,529 3,777 6,208 4,960 123 4,837 2,254 2,583 141,423 (6,589) 137,417 212,873 5,658 204,038 3,177 3,568 7,379 6,988 1,322 5,666 3,004 2,662 138,540 (97) 141,106 (percent of net sales) 100.0 2.8 95.9 1.2 1.8 2.3 1.7 (0.3) 2.0 100.0 2.8 95.9 1.3 1.9 3.1 2.5 0.1 2.4 100.0 2.7 95.8 1.5 1.7 3.5 3.3 0.6 2.7 20.56 18.70 5.09 4.63 12.32 9.22 3.07 2.30 6.60 7.92 1.72 2.06 9.44 9.21 2.37 2.31 13.31 10.80 3.29 2.67 1.05 0.21 1.34 1.03 0.19 1.31 1.02 0.18 1.40 0.99 0.15 1.36 1.00 0.17 1.34 Included in Transportation Equipment. 58 U.S. Census Bureau Transportation Equipment Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Motor Vehicles and Parts1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Motor Vehicles and Parts Total Assets Under $25 Million1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 7,649 141 6,963 545 67 (23) 455 42 413 200 213 2,869 (50) 3,031 7,416 193 6,818 404 72 (29) 304 43 261 146 115 3,376 6 3,496 6,442 151 6,168 123 72 (1) 50 13 37 249 (211) 3,820 51 3,659 7,522 151 6,618 753 72 (7) 674 44 631 222 408 3,657 55 4,120 7,664 145 6,769 749 54 (16) 679 48 631 395 236 3,809 21 4,066 149,349 4,344 143,436 1,568 2,615 7,176 6,129 86 6,043 1,001 5,042 63,802 (373) 68,471 (million dollars) 135,307 4,239 129,654 1,414 2,760 3,712 2,366 728 1,638 1,233 405 67,547 (212) 67,740 149,745 4,606 146,749 (1,610) 2,928 4,985 447 (920) 1,367 1,436 (68) 67,978 (379) 67,531 143,866 4,446 141,338 (1,918) 3,057 5,314 338 (792) 1,131 1,313 (182) 67,714 (6,205) 61,327 151,546 4,426 149,157 (2,037) 2,836 6,469 1,597 (20) 1,617 1,431 186 62,214 (37) 62,363 4,876 83 4,557 235 43 (24) 168 30 138 68 70 1,496 (13) 1,553 (million dollars) 4,575 98 4,290 187 50 (14) 124 36 87 94 (6) 1,562 (13) 1,543 3,981 92 3,846 43 46 32 29 5 24 111 (86) 1,792 42 1,747 4,818 96 4,289 433 49 (7) 377 37 340 73 267 1,851 (13) 2,106 4,812 93 4,312 407 34 (16) 358 40 317 105 213 1,713 (29) 1,897 (percent of net sales) 100.0 1.8 91.0 7.1 0.9 (0.3) 5.9 0.6 5.4 100.0 2.6 91.9 5.5 1.0 (0.4) 4.1 0.6 3.5 (percent) 100.0 2.3 95.8 1.9 1.1 0.0 0.8 0.2 0.6 100.0 2.0 88.0 10.0 1.0 (0.1) 9.0 0.6 8.4 100.0 1.9 88.3 9.8 0.7 (0.2) 8.9 0.6 8.2 100.0 2.9 96.0 1.1 1.8 4.8 4.1 0.1 4.0 (percent of net sales) 100.0 3.1 95.8 1.0 2.0 2.7 1.7 0.5 1.2 (percent) 100.0 3.1 98.0 (1.1) 2.0 3.3 0.3 (0.6) 0.9 100.0 3.1 98.2 (1.3) 2.1 3.7 0.2 (0.6) 0.8 100.0 2.9 98.4 (1.3) 1.9 4.3 1.1 0.0 1.1 100.0 1.7 93.5 4.8 0.9 (0.5) 3.5 0.6 2.8 (percent of net sales) 100.0 2.1 93.8 4.1 1.1 (0.3) 2.7 0.8 1.9 (percent) 100.0 2.3 96.6 1.1 1.2 0.8 0.7 0.1 0.6 100.0 2.0 89.0 9.0 1.0 (0.2) 7.8 0.8 7.1 100.0 1.9 89.6 8.5 0.7 (0.3) 7.4 0.8 6.6 34.12 30.95 14.02 12.72 22.31 19.16 9.11 7.82 3.94 2.94 1.60 1.19 49.37 46.18 19.56 18.29 43.60 40.51 20.67 19.20 19.39 19.11 4.50 4.43 7.50 5.19 1.74 1.21 1.39 4.25 0.34 1.03 1.12 3.73 0.26 0.85 5.33 5.39 1.20 1.22 22.37 18.32 8.84 7.25 16.89 11.93 6.09 4.30 4.54 3.72 1.64 1.34 51.81 46.67 18.33 16.52 39.41 34.97 18.62 16.52 1.82 0.31 1.37 1.77 0.28 1.43 1.80 0.26 1.28 1.80 0.26 1.23 1.98 0.30 1.74 0.96 0.27 1.17 0.93 0.24 1.12 0.93 0.24 1.18 0.88 0.19 1.09 0.90 0.22 1.09 1.76 0.28 1.43 1.55 0.24 1.26 1.60 0.25 1.15 1.61 0.21 1.11 1.85 0.26 1.89 59 U.S. Census Bureau Table 15.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 336 and Industry Groups 3361- 3363 Transportation Equipment Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 29,161 3,925 33,086 28,719 61,805 95,979 97,622 58,071 313,477 288,267 5,912 152,256 141,922 380,015 835,413 27,625 9,012 36,637 21,027 57,664 96,683 98,647 58,393 311,387 289,519 5,839 153,343 142,015 384,812 838,215 24,634 3,037 27,672 27,044 54,716 94,255 96,517 57,664 303,152 292,160 6,013 154,068 144,104 382,555 829,811 23,355 3,359 26,714 21,444 48,158 101,749 102,758 59,123 311,788 290,845 5,902 154,589 142,158 384,117 838,063 30,250 3,161 33,411 22,027 55,438 102,026 106,170 61,125 324,758 288,552 5,906 153,146 141,312 382,706 848,776 6,834 3,695 81,243 7,679 3,077 3,097 192,485 298,110 23,905 114,268 192,217 628,499 68,580 138,334 206,914 835,413 7,590 6,268 81,158 9,069 3,546 3,254 192,187 303,071 25,131 113,406 187,661 629,269 68,785 140,161 208,945 838,215 6,368 5,610 80,915 5,880 2,832 3,139 193,740 298,484 25,681 110,178 179,666 614,009 74,068 141,734 215,802 829,811 7,165 5,206 86,353 6,268 3,850 3,458 203,861 316,161 26,090 109,195 176,482 627,928 72,718 137,417 210,136 838,063 6,527 5,583 87,260 5,909 3,597 2,929 211,415 323,220 26,057 111,592 177,954 638,822 68,848 141,106 209,954 848,776 15,367 8,316 4,667 (4,373) 1,538 (percent of total assets) 7.4 11.5 11.7 37.5 17.0 2.0 35.7 16.5 75.2 24.8 6.9 11.5 11.8 37.1 16.9 2.5 36.2 16.5 75.1 24.9 6.6 11.4 11.6 36.5 17.4 2.2 36.0 16.4 74.0 26.0 5.7 12.1 12.3 37.2 17.0 2.3 37.7 16.1 74.9 25.1 6.5 12.0 12.5 38.3 16.6 2.2 38.1 16.2 75.3 24.7 Included in Transportation Equipment. 60 U.S. Census Bureau Transportation Equipment Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Motor Vehicles and Parts1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Motor Vehicles and Parts Total Assets Under $25 Million1 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 1,308 80 1,387 190 1,578 3,130 4,130 481 9,319 7,773 167 4,905 3,036 621 12,976 1,200 149 1,349 135 1,484 3,264 4,194 534 9,476 8,520 157 5,454 3,223 634 13,333 887 212 1,099 149 1,248 3,017 3,735 534 8,533 8,283 118 5,091 3,310 655 12,498 986 186 1,172 213 1,385 3,585 4,112 476 9,557 8,515 130 5,247 3,398 831 13,786 1,137 121 1,258 133 1,391 3,233 3,991 462 9,077 8,792 144 5,493 3,443 626 13,146 16,135 3,575 19,711 26,836 46,547 47,193 33,451 40,691 167,882 211,657 3,642 108,061 107,238 270,040 545,160 (million dollars) 15,008 8,691 23,699 18,689 42,387 45,623 35,456 41,048 164,514 213,738 3,622 109,269 108,091 271,083 543,688 15,318 2,712 18,030 23,448 41,478 41,164 33,696 40,890 157,228 215,240 3,612 109,793 109,059 265,040 531,326 11,634 3,041 14,674 18,872 33,546 46,173 36,126 42,167 158,012 214,135 3,625 110,376 107,383 263,790 529,185 16,295 2,902 19,197 19,937 39,134 46,052 36,484 41,639 163,309 212,813 3,649 110,078 106,384 262,124 531,818 761 36 797 78 875 2,174 2,280 252 5,582 4,341 109 2,747 1,704 333 7,618 (million dollars) 682 104 786 105 891 2,211 2,427 259 5,789 5,220 98 3,289 2,029 319 8,137 452 179 630 104 734 1,777 2,001 295 4,807 4,985 66 3,014 2,038 319 7,163 517 92 609 138 747 2,335 2,357 226 5,665 4,945 79 2,991 2,033 537 8,234 684 17 701 48 749 2,004 2,306 216 5,276 5,170 101 3,205 2,065 342 7,683 1,057 237 2,252 79 303 132 1,052 5,112 1,070 1,089 371 7,642 2,302 3,031 5,334 12,976 906 259 2,600 57 272 177 1,072 5,343 1,158 1,029 360 7,890 1,946 3,496 5,442 13,333 768 494 2,360 42 281 115 692 4,751 1,233 1,074 372 7,431 1,408 3,659 5,067 12,498 811 441 2,565 63 396 112 933 5,320 1,580 1,116 308 8,324 1,342 4,120 5,461 13,786 667 445 2,015 42 327 106 987 4,589 1,035 1,004 288 6,915 2,165 4,066 6,230 13,146 5,511 3,361 65,927 5,364 2,267 759 92,379 175,567 17,135 78,809 147,180 418,690 57,999 68,471 126,471 545,160 6,218 5,583 65,242 6,060 2,609 1,243 89,815 176,769 18,617 78,780 143,342 417,509 58,439 67,740 126,180 543,688 5,414 3,890 64,419 3,701 2,321 1,172 89,003 169,918 19,036 77,524 136,183 402,661 61,134 67,531 128,665 531,326 5,963 4,308 69,419 3,236 2,980 1,701 92,132 179,739 19,847 76,390 132,026 408,002 59,856 61,327 121,183 529,185 5,294 4,720 69,591 2,849 2,666 1,016 94,894 181,031 19,582 77,131 134,157 411,901 57,554 62,363 119,917 531,818 561 145 1,559 64 135 63 655 3,180 681 526 219 4,606 1,460 1,553 3,012 7,618 638 220 1,864 41 110 91 765 3,730 791 485 197 5,203 1,391 1,543 2,933 8,137 497 164 1,707 31 125 71 399 2,995 881 513 184 4,573 843 1,747 2,589 7,163 530 167 1,934 55 224 58 541 3,508 1,066 578 168 5,320 808 2,106 2,914 8,234 496 192 1,398 31 151 73 518 2,859 488 517 188 4,052 1,734 1,897 3,631 7,683 4,207 4,133 3,782 4,237 4,488 (7,685) (12,255) (12,691) (21,728) (17,722) 2,402 2,059 1,812 2,156 2,416 (percent of total assets) (percent of total assets) (percent of total assets) 12.2 24.1 31.8 71.8 23.4 13.3 39.4 16.6 58.9 41.1 11.1 24.5 31.5 71.1 24.2 12.1 40.1 16.4 59.2 40.8 10.0 24.1 29.9 68.3 26.5 13.3 38.0 18.5 59.5 40.5 10.0 26.0 29.8 69.3 24.6 12.8 38.6 19.6 60.4 39.6 10.6 24.6 30.4 69.1 26.2 11.8 34.9 15.5 52.6 47.4 8.5 8.7 6.1 30.8 19.7 2.2 32.2 17.6 76.8 23.2 7.8 8.4 6.5 30.3 19.9 2.9 32.5 17.9 76.8 23.2 7.8 7.7 6.3 29.6 20.5 2.4 32.0 18.2 75.8 24.2 6.3 8.7 6.8 29.9 20.3 2.8 34.0 18.2 77.1 22.9 7.4 8.7 6.9 30.7 20.0 2.6 34.0 18.2 77.5 22.5 11.5 28.5 29.9 73.3 22.4 11.8 41.7 15.8 60.5 39.5 11.0 27.2 29.8 71.1 24.9 13.0 45.8 15.7 64.0 36.1 10.3 24.8 27.9 67.1 28.4 12.0 41.8 19.5 63.8 36.2 9.1 28.4 28.6 68.8 24.7 11.9 42.6 20.0 64.6 35.4 9.7 26.1 30.0 68.7 26.9 11.9 37.2 13.1 52.7 47.3 61 U.S. Census Bureau Table 16.0—Income Statement For Corporations in NAICS Manufacturing Industry Group 3364 and Subsector 337 Aerospace Products and Parts1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 2.0 90.9 7.1 1.4 1.4 7.1 1.3 5.8 100.0 2.5 90.7 6.9 1.5 1.1 6.5 1.3 5.2 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 46,181 946 41,969 3,266 641 632 3,257 586 2,671 1,039 1,633 54,207 (230) 55,610 45,803 1,131 41,524 3,148 668 501 2,982 589 2,393 621 1,771 55,668 (21) 57,418 48,989 1,076 44,691 3,222 750 (219) 2,253 (74) 2,327 1,245 1,082 58,076 (327) 58,831 45,307 964 41,008 3,334 614 825 3,545 686 2,859 706 2,153 58,301 (420) 60,033 49,701 1,000 44,820 3,881 622 821 4,080 989 3,092 1,170 1,921 59,714 (73) 61,562 (percent of net sales) 100.0 2.2 91.2 6.6 1.5 (0.4) 4.6 (0.2) 4.7 100.0 2.1 90.5 7.4 1.4 1.8 7.8 1.5 6.3 100.0 2.0 90.2 7.8 1.3 1.7 8.2 2.0 6.2 19.91 16.33 5.55 4.55 17.78 14.27 4.94 3.96 12.72 13.14 3.69 3.81 19.68 15.87 5.59 4.50 22.42 16.99 6.33 4.79 1.19 0.13 1.69 1.15 0.13 1.74 1.10 0.10 1.92 1.09 0.11 2.00 1.12 0.12 1.94 Included in Transportation Equipment. 62 U.S. Census Bureau Aerospace Products and Parts Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Furniture and Related Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Furniture and Related Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 903 26 796 80 9 (5) 66 2 64 79 (15) 546 (14) 517 948 35 817 96 9 (25) 62 2 60 34 27 747 (24) 750 924 27 867 30 11 6 24 6 19 67 (49) 793 (9) 736 950 23 791 135 10 (5) 120 5 116 53 63 590 5 658 1,012 25 855 132 10 (8) 114 7 108 67 40 599 (14) 626 14,801 324 13,557 920 159 (220) 541 93 448 330 118 12,561 (739) 11,940 (million dollars) 15,258 320 13,812 1,126 156 43 1,014 145 868 226 642 12,317 (133) 12,826 15,071 335 13,984 752 143 (60) 549 180 369 302 67 13,687 (93) 13,660 15,361 317 13,922 1,122 146 (26) 950 185 765 451 314 13,758 (187) 13,885 16,001 303 14,477 1,221 170 31 1,082 212 870 1,133 (263) 14,550 (148) 14,138 5,802 96 5,358 348 42 (18) 287 (24) 311 108 204 2,027 (19) 2,211 (million dollars) 5,957 101 5,446 410 39 93 464 0 465 135 329 2,545 (4) 2,870 5,569 108 5,357 104 36 (70) (2) 7 (9) 94 (103) 3,152 (44) 3,004 5,229 81 4,783 366 33 9 341 13 328 138 190 2,755 (74) 2,871 5,707 82 5,215 409 34 53 427 22 405 166 239 3,338 (26) 3,550 (percent of net sales) 100.0 2.9 88.2 8.9 1.0 (0.5) 7.3 0.3 7.1 100.0 3.7 86.2 10.1 0.9 (2.6) 6.6 0.2 6.4 (percent) 100.0 2.9 93.8 3.3 1.2 0.6 2.7 0.6 2.0 100.0 2.5 83.3 14.2 1.1 (0.5) 12.7 0.5 12.2 100.0 2.5 84.5 13.0 1.0 (0.8) 11.3 0.7 10.6 100.0 2.2 91.6 6.2 1.1 (1.5) 3.7 0.6 3.0 (percent of net sales) 100.0 2.1 90.5 7.4 1.0 0.3 6.6 1.0 5.7 (percent) 100.0 2.2 92.8 5.0 0.9 (0.4) 3.6 1.2 2.5 100.0 2.1 90.6 7.3 1.0 (0.2) 6.2 1.2 5.0 100.0 1.9 90.5 7.6 1.1 0.2 6.8 1.3 5.4 100.0 1.7 92.3 6.0 0.7 (0.3) 5.0 (0.4) 5.4 (percent of net sales) 100.0 1.7 91.4 6.9 0.7 1.6 7.8 0.0 7.8 (percent) 100.0 1.9 96.2 1.9 0.6 (1.3) 0.0 0.1 (0.2) 100.0 1.5 91.5 7.0 0.6 0.2 6.5 0.3 6.3 100.0 1.4 91.4 7.2 0.6 0.9 7.5 0.4 7.1 23.62 22.77 11.18 10.77 23.28 22.53 11.12 10.76 9.28 7.04 4.19 3.18 51.17 49.20 20.64 19.85 48.99 46.13 18.85 17.75 13.16 10.90 6.14 5.08 23.98 20.54 11.36 9.73 12.27 8.25 6.10 4.10 21.14 17.02 10.54 8.48 24.11 19.38 11.73 9.43 35.45 38.44 13.96 15.13 50.05 50.11 22.18 22.20 (0.18) (0.93) (0.09) (0.44) 36.52 35.12 17.47 16.80 38.40 36.40 19.78 18.75 2.43 0.45 1.42 2.56 0.43 1.51 2.10 0.30 1.26 2.09 0.35 0.98 1.92 0.26 0.99 1.83 0.30 1.68 1.86 0.30 1.80 2.04 0.39 1.96 2.00 0.31 2.00 2.03 0.28 1.84 1.82 0.34 1.17 1.90 0.38 1.56 2.05 0.43 1.81 2.08 0.36 1.85 2.21 0.36 2.10 63 U.S. Census Bureau Table 16.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Group 3364 and Subsector 337 Aerospace Products and Parts1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 10,960 339 11,299 1,144 12,443 44,236 36,933 16,223 109,835 63,161 1,756 37,585 27,332 97,683 234,850 11,044 311 11,355 1,416 12,771 46,419 37,898 16,260 113,349 62,668 1,772 37,435 27,005 101,109 241,463 7,566 314 7,879 2,433 10,312 48,079 37,408 15,416 111,215 63,262 1,885 37,361 27,786 105,034 244,036 9,540 242 9,782 1,636 11,418 50,080 41,281 15,974 118,754 62,770 1,763 37,186 27,347 107,742 253,843 11,761 170 11,931 1,784 13,715 50,351 41,126 18,369 123,561 60,739 1,751 35,538 26,952 107,462 257,975 1,002 251 12,561 1,756 563 1,776 74,478 92,387 3,481 31,685 41,874 169,428 9,812 55,610 65,422 234,850 1,140 284 13,191 2,501 759 1,953 78,915 98,744 3,422 31,058 41,177 174,401 9,645 57,418 67,063 241,463 701 1,693 13,638 1,671 323 1,922 80,806 100,755 3,373 28,877 40,175 173,179 12,026 58,831 70,857 244,036 921 890 13,892 2,295 645 1,699 88,165 108,507 2,850 29,058 41,370 181,786 12,024 60,033 72,057 253,843 862 853 14,271 2,591 599 1,373 90,087 110,636 2,760 31,052 40,723 185,171 11,242 61,562 72,804 257,975 17,448 14,605 10,460 10,247 12,925 (percent of total assets) 5.3 18.8 15.7 46.8 11.6 1.5 39.3 15.0 72.1 27.9 5.3 19.2 15.7 46.9 11.2 1.7 40.9 14.3 72.2 27.8 4.2 19.7 15.3 45.6 11.4 1.9 41.3 13.2 71.0 29.0 4.5 19.7 16.3 46.8 10.8 1.6 42.7 12.6 71.6 28.4 5.3 19.5 15.9 47.9 10.4 1.4 42.9 13.1 71.8 28.2 Included in Transportation Equipment. 64 U.S. Census Bureau Aerospace Products and Parts Total Assets Under $25 Million1 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Furniture and Related Products 3Q 2004 4Q 2004 1Q 2005 2Q 2005 2Q 2004 Furniture and Related Products Total Assets Under $25 Million 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 214 35 249 69 318 454 853 81 1,705 1,936 30 1,372 595 68 2,368 212 36 249 16 264 470 746 86 1,566 1,981 27 1,397 611 70 2,247 182 22 205 33 238 681 672 91 1,682 1,733 28 1,206 556 99 2,336 213 19 232 39 271 622 644 99 1,635 1,930 26 1,344 612 86 2,334 175 16 191 42 232 703 709 82 1,726 1,965 28 1,388 605 93 2,424 2,048 118 2,166 644 2,810 6,311 6,165 1,612 16,898 19,786 467 12,089 8,164 10,192 35,254 (million dollars) 1,881 123 2,004 774 2,778 6,788 6,248 1,681 17,494 20,000 448 12,415 8,033 10,172 35,700 2,237 127 2,364 1,001 3,364 6,278 6,263 1,837 17,743 20,022 541 12,394 8,168 10,097 36,008 1,747 151 1,899 828 2,727 6,780 6,401 1,837 17,745 19,957 555 12,490 8,022 10,308 36,074 1,783 133 1,916 621 2,537 7,067 6,964 1,921 18,489 20,075 672 12,630 8,117 10,310 36,916 879 49 928 138 1,065 2,228 1,954 426 5,674 5,484 88 3,480 2,092 468 8,234 (million dollars) 970 50 1,020 164 1,184 2,402 1,881 474 5,941 5,749 75 3,789 2,035 394 8,370 974 59 1,033 205 1,238 2,073 2,025 563 5,900 5,762 99 3,757 2,104 393 8,396 683 63 746 202 947 2,191 1,949 417 5,504 5,292 51 3,538 1,805 509 7,818 803 31 835 177 1,011 2,514 2,221 478 6,225 5,686 153 3,984 1,855 560 8,640 207 26 217 9 45 36 162 702 136 338 72 1,247 604 517 1,120 2,368 78 24 267 10 65 56 112 611 182 306 75 1,174 323 750 1,073 2,247 64 310 235 6 69 12 108 802 89 297 93 1,281 319 736 1,055 2,336 76 274 242 5 77 12 95 782 187 334 90 1,392 283 658 941 2,334 95 252 280 7 76 7 182 900 179 337 75 1,491 307 626 933 2,424 910 85 3,246 122 1,136 128 3,611 9,237 5,687 1,821 2,067 18,813 4,500 11,940 16,441 35,254 944 99 3,304 137 874 179 3,856 9,392 5,420 1,870 2,106 18,789 4,085 12,826 16,911 35,700 772 125 3,160 106 776 117 3,635 8,691 5,362 1,962 2,086 18,101 4,247 13,660 17,907 36,008 1,045 228 3,107 141 385 92 3,858 8,855 5,235 1,983 2,024 18,097 4,093 13,885 17,978 36,074 1,222 218 3,119 169 368 167 3,863 9,126 5,563 2,229 2,039 18,958 3,820 14,138 17,958 36,916 630 27 1,329 11 282 76 759 3,114 1,151 598 129 4,993 1,030 2,211 3,241 8,234 621 38 1,292 2 165 132 879 3,130 752 671 109 4,661 840 2,870 3,709 8,370 547 41 1,170 9 167 86 864 2,884 794 560 183 4,421 971 3,004 3,975 8,396 455 64 1,083 1 185 57 799 2,644 662 599 174 4,078 869 2,871 3,740 7,818 572 74 1,031 82 133 115 813 2,821 635 587 147 4,190 900 3,550 4,450 8,640 1,003 955 880 853 826 7,660 8,102 9,052 8,890 9,363 2,559 2,811 3,015 2,860 3,405 (percent of total assets) (percent of total assets) (percent of total assets) 13.4 19.2 36.0 72.0 25.1 13.3 29.7 20.0 52.7 47.3 11.8 20.9 33.2 69.7 27.2 9.9 27.2 21.7 52.2 47.8 10.2 29.2 28.7 72.0 23.8 19.4 34.3 16.5 54.8 45.2 11.6 26.6 27.6 70.1 26.2 18.8 33.5 22.3 59.7 40.3 9.6 29.0 29.2 71.2 25.0 17.8 37.1 21.3 61.5 38.5 8.0 17.9 17.5 47.9 23.2 6.4 26.2 21.3 53.4 46.6 7.8 19.0 17.5 49.0 22.5 5.9 26.3 20.4 52.6 47.4 9.3 17.4 17.4 49.3 22.7 5.0 24.1 20.3 50.3 49.7 7.6 18.8 17.7 49.2 22.2 4.9 24.5 20.0 50.2 49.8 6.9 19.1 18.9 50.1 22.0 5.3 24.7 21.1 51.4 48.6 12.9 27.1 23.7 68.9 25.4 12.3 37.8 21.2 60.6 39.4 14.1 28.7 22.5 71.0 24.3 11.4 37.4 17.0 55.7 44.3 14.7 24.7 24.1 70.3 25.1 10.0 34.4 16.1 52.7 47.3 12.1 28.0 24.9 70.4 23.1 9.7 33.8 16.1 52.2 47.8 11.7 29.1 25.7 72.1 21.5 10.4 32.6 14.2 48.5 51.5 65 U.S. Census Bureau Table 17.0—Income Statement For Corporations in NAICS Manufacturing Subsector 339 Miscellaneous Manufacturing Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 3.6 84.7 11.7 1.9 1.7 11.5 2.9 8.5 100.0 3.4 85.7 10.9 1.7 4.5 13.7 3.5 10.2 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.62 0.34 1.85 1.52 0.28 1.89 1.44 0.31 1.95 1.46 0.29 2.07 1.55 0.29 2.26 18.68 13.88 9.05 6.73 22.83 16.93 11.07 8.21 22.31 17.04 10.79 8.24 24.48 17.95 12.27 9.00 20.80 13.71 10.88 7.17 100.0 3.4 84.7 11.9 1.7 3.4 13.6 3.2 10.4 100.0 3.4 83.7 12.9 1.8 4.6 15.6 4.2 11.5 100.0 3.4 85.6 11.0 1.7 4.0 13.3 4.5 8.8 27,920 993 23,655 3,272 534 464 3,201 822 2,379 1,197 1,183 38,149 (315) 39,017 29,328 990 25,141 3,198 510 1,329 4,017 1,038 2,979 686 2,293 40,645 (230) 42,708 30,238 1,025 25,604 3,609 523 1,018 4,104 970 3,134 1,551 1,583 39,870 (271) 41,182 30,510 1,042 25,542 3,926 552 1,399 4,773 1,273 3,499 832 2,667 44,441 (344) 46,764 31,587 1,071 27,036 3,480 540 1,262 4,202 1,432 2,769 1,232 1,537 47,702 (172) 49,068 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 66 U.S. Census Bureau Miscellaneous Manufacturing Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 6,879 158 6,204 517 105 2 414 72 342 452 (110) (176) (101) (386) 7,370 176 6,773 420 126 67 360 57 303 183 120 (241) (57) (179) 6,851 173 6,551 127 117 10 20 65 (45) 227 (271) (3,638) (171) (4,080) 6,798 147 6,225 425 121 11 316 123 192 264 (71) (2,952) (27) (3,051) 6,945 139 6,261 544 108 (4) 432 43 389 590 (201) (1,543) (40) (1,784) (percent of net sales) 100.0 2.3 90.2 7.5 1.5 0.0 6.0 1.1 5.0 100.0 2.4 91.9 5.7 1.7 0.9 4.9 0.8 4.1 (percent) 100.0 2.5 95.6 1.9 1.7 0.1 0.3 0.9 (0.6) 100.0 2.2 91.6 6.3 1.8 0.2 4.6 1.8 2.8 100.0 2.0 90.2 7.8 1.6 (0.1) 6.2 0.6 5.6 32.01 26.42 11.13 9.19 28.11 23.63 9.25 7.78 2.28 (5.08) 0.54 (1.20) 29.83 18.18 8.51 5.19 28.98 26.10 11.99 10.80 2.15 0.51 1.06 2.06 0.45 0.91 1.98 0.46 0.58 1.84 0.42 0.77 2.08 0.42 1.23 67 U.S. Census Bureau Table 17.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 339 Miscellaneous Manufacturing Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.9 10.6 10.0 33.0 14.5 4.4 20.4 21.8 51.5 48.5 6.1 11.0 10.4 32.5 14.4 4.7 21.4 21.0 51.5 48.5 6.8 10.5 9.4 32.0 14.1 5.2 22.2 19.7 51.7 48.3 6.4 10.7 10.0 32.1 14.4 5.8 21.9 18.4 49.9 50.1 6.0 11.0 10.1 32.0 14.5 5.0 20.7 18.1 47.7 52.3 17,858 16,116 14,951 15,803 17,473 1,721 1,580 6,159 2,232 1,448 1,465 14,203 28,807 14,873 15,911 13,330 72,922 29,541 39,017 68,558 141,480 2,349 1,732 6,330 2,305 1,657 1,047 15,701 31,122 14,607 15,840 13,190 74,760 27,665 42,708 70,373 145,132 1,860 2,200 6,785 2,412 1,839 1,948 16,686 33,730 13,378 16,579 14,946 78,634 32,394 41,182 73,576 152,210 1,782 1,877 7,127 2,594 2,277 3,108 15,358 34,122 12,944 15,737 14,755 77,558 31,231 46,764 77,996 155,554 1,826 1,361 6,794 2,810 1,976 2,582 14,588 31,937 12,643 15,286 13,818 73,684 31,726 49,068 80,794 154,478 7,317 529 7,846 1,977 9,823 14,998 14,100 7,744 46,665 47,467 897 27,782 20,582 74,233 141,480 2Q 2004 3Q 2004 (million dollars) 6,391 553 6,944 1,908 8,852 15,908 15,089 7,389 47,238 48,551 872 28,454 20,969 76,925 145,132 7,150 573 7,723 2,675 10,398 15,965 14,324 7,994 48,681 48,826 909 28,296 21,439 82,090 152,210 6,755 480 7,236 2,770 10,005 16,641 15,533 7,746 49,925 50,700 961 29,312 22,348 83,280 155,554 5,474 445 5,919 3,381 9,300 16,967 15,561 7,581 49,410 51,577 980 30,192 22,365 82,703 154,478 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 68 U.S. Census Bureau Miscellaneous Manufacturing Total Assets Under $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 1,826 209 2,035 285 2,320 3,545 3,357 581 9,803 7,811 162 4,753 3,220 1,868 14,891 1,676 249 1,925 313 2,238 3,647 3,751 700 10,335 8,326 164 5,071 3,419 1,830 15,584 1,664 161 1,825 392 2,217 3,436 3,231 657 9,541 7,843 180 4,799 3,223 2,092 14,856 1,641 174 1,815 409 2,224 3,477 3,455 670 9,826 7,617 141 4,541 3,216 1,783 14,826 1,444 136 1,580 347 1,927 3,678 3,381 646 9,633 7,726 204 4,867 3,063 1,728 14,423 716 291 1,859 79 355 262 988 4,550 1,530 1,740 1,894 9,713 5,564 (386) 5,178 14,891 1,036 239 1,908 57 426 246 1,102 5,014 1,724 1,969 1,749 10,457 5,307 (179) 5,128 15,584 542 388 1,859 60 545 311 1,124 4,830 1,246 3,024 2,253 11,353 7,583 (4,080) 3,503 14,856 694 399 1,798 77 592 560 1,207 5,328 1,309 1,914 2,045 10,596 7,281 (3,051) 4,230 14,826 712 377 1,486 54 313 505 1,181 4,628 1,503 1,436 890 8,457 7,750 (1,784) 5,966 14,423 5,253 5,321 4,711 4,498 5,004 (percent of total assets) 15.6 23.8 22.5 65.8 21.6 10.9 30.6 22.0 65.2 34.8 14.4 23.4 24.1 66.3 21.9 12.5 32.2 23.7 67.1 32.9 14.9 23.1 21.7 64.2 21.7 12.0 32.5 28.7 76.4 23.6 15.0 23.5 23.3 66.3 21.7 15.1 35.9 21.7 71.5 28.5 13.4 25.5 23.4 66.8 21.2 13.2 32.1 20.4 58.6 41.4 69 U.S. Census Bureau Table 18.0—Income Statement For Corporations in NAICS Manufacturing Sector, By Size of Total Assets All Manufacturing Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 3.1 89.9 7.0 1.6 4.4 9.8 2.2 7.6 100.0 3.1 89.8 7.0 1.7 4.0 9.4 2.2 7.2 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.30 0.28 1.71 1.28 0.28 1.74 1.29 0.29 1.81 1.29 0.27 1.80 1.30 0.28 1.83 22.46 17.39 9.10 7.05 21.16 16.15 8.64 6.59 19.13 15.35 7.93 6.36 19.92 15.41 8.25 6.38 22.74 17.62 9.48 7.35 100.0 3.1 91.0 5.9 1.7 4.3 8.5 1.7 6.8 100.0 3.1 90.4 6.5 1.6 4.2 9.1 2.1 7.0 100.0 2.9 90.2 7.0 1.6 4.4 9.8 2.2 7.6 1,248,717 38,741 1,122,437 87,539 20,004 54,731 122,267 27,625 94,641 37,143 57,498 1,095,571 (13,678) 1,139,392 1,251,141 39,309 1,123,645 88,187 20,670 50,019 117,535 27,860 89,676 32,356 57,319 1,141,923 (8,586) 1,190,656 1,289,311 40,378 1,173,455 75,478 21,282 55,413 109,609 21,677 87,933 40,279 47,653 1,192,699 (12,390) 1,227,962 1,269,378 39,248 1,147,386 82,743 20,906 53,515 115,352 26,082 89,270 45,813 43,457 1,233,581 (27,817) 1,249,221 1,372,396 39,272 1,237,378 95,746 21,311 60,099 134,533 30,303 104,230 37,449 66,781 1,255,253 (9,933) 1,312,100 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 70 U.S. Census Bureau All Manufacturing Total Assets Under $5 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Manufacturing Total Assets $5 Million to $10 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Manufacturing Total Assets $10 Million to $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 67,345 1,626 60,943 4,776 567 (75) 4,135 325 3,810 2,034 1,775 22,056 (1,329) 22,503 67,123 1,638 61,059 4,426 590 (297) 3,539 296 3,243 1,517 1,726 20,048 (55) 21,719 67,012 1,796 63,771 1,444 624 (201) 619 223 395 1,991 (1,595) 22,468 (281) 20,592 66,215 1,498 60,291 4,427 539 168 4,056 352 3,703 2,769 935 23,511 (249) 24,197 69,466 1,513 62,376 5,577 560 (75) 4,942 436 4,506 2,417 2,089 23,988 (239) 25,837 30,073 691 27,498 1,884 297 54 1,641 159 1,481 899 583 12,631 36 13,250 (million dollars) 29,259 698 26,705 1,856 305 (117) 1,434 234 1,200 813 387 12,608 (60) 12,935 29,724 744 28,060 920 322 (56) 542 134 409 711 (303) 13,370 (149) 12,918 27,457 726 25,180 1,551 308 21 1,264 174 1,089 674 416 11,052 (228) 11,240 33,116 787 30,079 2,250 320 (109) 1,822 242 1,580 1,109 471 13,443 91 14,004 37,118 957 33,786 2,375 359 (140) 1,877 247 1,630 1,212 418 15,186 (151) 15,453 (million dollars) 39,661 1,034 36,018 2,609 381 114 2,342 315 2,027 752 1,275 16,497 (84) 17,689 36,197 952 33,884 1,362 397 (109) 855 239 616 773 (157) 13,267 135 13,244 38,389 962 35,256 2,171 407 17 1,781 366 1,414 870 545 13,968 (178) 14,334 38,243 995 34,860 2,388 427 200 2,161 314 1,846 1,407 440 12,596 (209) 12,827 (percent of net sales) 100.0 2.4 90.5 7.1 0.8 (0.1) 6.1 0.5 5.7 100.0 2.4 91.0 6.6 0.9 (0.4) 5.3 0.4 4.8 (percent) 100.0 2.7 95.2 2.2 0.9 (0.3) 0.9 0.3 0.6 100.0 2.3 91.1 6.7 0.8 0.3 6.1 0.5 5.6 100.0 2.2 89.8 8.0 0.8 (0.1) 7.1 0.6 6.5 100.0 2.3 91.4 6.3 1.0 0.2 5.5 0.5 4.9 (percent of net sales) 100.0 2.4 91.3 6.3 1.0 (0.4) 4.9 0.8 4.1 (percent) 100.0 2.5 94.4 3.1 1.1 (0.2) 1.8 0.4 1.4 100.0 2.6 91.7 5.6 1.1 0.1 4.6 0.6 4.0 100.0 2.4 90.8 6.8 1.0 (0.3) 5.5 0.7 4.8 100.0 2.6 91.0 6.4 1.0 (0.4) 5.1 0.7 4.4 (percent of net sales) 100.0 2.6 90.8 6.6 1.0 0.3 5.9 0.8 5.1 (percent) 100.0 2.6 93.6 3.8 1.1 (0.3) 2.4 0.7 1.7 100.0 2.5 91.8 5.7 1.1 0.0 4.6 1.0 3.7 100.0 2.6 91.2 6.2 1.1 0.5 5.6 0.8 4.8 42.14 38.83 15.39 14.18 35.86 32.87 13.08 11.98 6.66 4.26 2.34 1.50 39.97 36.49 15.13 13.82 44.75 40.80 18.30 16.68 26.25 23.70 11.28 10.19 22.76 19.04 9.84 8.24 9.05 6.82 3.76 2.84 22.14 19.09 8.93 7.70 28.91 25.07 11.97 10.38 21.23 18.44 9.32 8.09 24.72 21.40 11.08 9.59 9.80 7.06 4.30 3.09 19.36 15.38 8.30 6.60 22.99 19.65 10.16 8.68 1.81 0.38 1.03 1.80 0.39 1.03 1.75 0.37 0.97 1.83 0.37 1.12 1.96 0.42 1.18 1.94 0.37 1.29 1.95 0.37 1.33 1.85 0.34 1.21 1.87 0.33 1.13 1.86 0.30 1.20 1.80 0.31 1.37 1.84 0.31 1.42 1.86 0.31 1.33 1.81 0.31 1.30 1.89 0.34 1.36 71 U.S. Census Bureau Table 18.1—Balance Sheet For Corporations in NAICS Manufacturing Sector, By Size of Total Assets All Manufacturing Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6.6 10.1 8.9 30.6 20.6 4.2 23.6 19.5 59.5 40.5 6.6 10.2 9.0 30.9 20.2 4.3 24.0 19.2 59.2 40.8 6.9 9.9 8.9 30.6 20.1 4.2 23.8 18.7 58.6 41.4 6.5 10.2 9.2 30.9 19.9 4.4 24.0 18.6 58.6 41.4 6.7 10.5 9.2 31.4 19.7 4.3 24.3 18.5 58.3 41.7 376,481 372,662 378,196 385,025 407,098 48,455 88,169 365,606 61,449 28,918 61,946 613,740 1,268,284 270,175 779,062 877,062 3,194,583 1,037,741 1,139,392 2,177,132 5,371,716 52,897 86,836 375,507 66,906 31,690 63,457 630,990 1,308,282 270,414 774,685 869,672 3,223,053 1,030,665 1,190,656 2,221,322 5,444,375 48,515 85,842 384,775 58,695 30,992 67,725 640,274 1,316,818 265,374 767,501 890,428 3,240,121 1,063,979 1,227,962 2,291,941 5,532,062 54,685 91,731 392,025 65,183 34,730 65,712 640,358 1,344,425 268,604 770,320 895,898 3,279,247 1,067,384 1,249,221 2,316,605 5,595,851 52,257 90,081 407,133 63,801 33,814 67,443 662,016 1,376,545 272,080 777,503 882,483 3,308,611 1,054,147 1,312,100 2,366,247 5,674,858 179,915 26,873 206,788 146,096 352,884 542,313 477,644 271,924 1,644,765 2,292,764 100,525 1,287,285 1,106,004 2,620,946 5,371,716 2Q 2004 3Q 2004 (million dollars) 181,894 35,851 217,745 143,981 361,726 556,784 489,678 272,756 1,680,944 2,297,192 98,897 1,295,162 1,100,927 2,662,504 5,444,375 185,085 31,444 216,530 165,522 382,052 549,877 490,438 272,646 1,695,013 2,296,894 97,577 1,285,038 1,109,434 2,727,614 5,532,062 170,291 33,737 204,028 161,225 365,253 572,766 516,313 275,118 1,729,449 2,325,718 97,872 1,311,046 1,112,544 2,753,858 5,595,851 179,980 35,346 215,326 163,373 378,700 594,309 524,623 286,011 1,783,643 2,342,789 98,093 1,322,466 1,118,416 2,772,799 5,674,858 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 72 U.S. Census Bureau All Manufacturing Total Assets Under $5 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Manufacturing Total Assets $5 Million to $10 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Manufacturing Total Assets $10 Million to $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 12,684 1,126 13,810 1,508 15,318 30,136 22,938 4,843 73,235 97,997 1,388 70,884 28,501 5,749 107,485 13,078 1,054 14,132 1,675 15,807 30,241 22,937 4,797 73,782 98,231 1,525 70,978 28,778 5,687 108,247 12,359 966 13,325 1,836 15,161 28,626 22,892 4,760 71,439 98,068 1,317 70,955 28,430 5,891 105,761 12,243 1,042 13,285 1,791 15,075 29,829 24,115 4,798 73,818 98,147 1,396 72,110 27,433 5,939 107,190 13,000 1,005 14,006 1,947 15,952 30,430 23,758 4,505 74,646 98,160 1,378 71,630 27,907 5,481 108,034 5,704 616 6,320 1,183 7,503 15,003 14,243 2,181 38,930 41,610 800 26,839 15,572 3,657 58,159 (million dollars) 5,431 814 6,245 1,249 7,494 15,039 14,418 2,211 39,162 41,450 1,023 26,804 15,669 3,434 58,265 4,982 945 5,927 1,086 7,012 15,038 14,227 2,000 38,277 41,380 1,016 26,733 15,663 3,664 57,605 4,851 726 5,576 928 6,504 14,502 14,049 2,195 37,250 40,800 1,062 26,174 15,689 3,683 56,622 4,785 821 5,607 804 6,411 16,308 15,374 2,211 40,304 44,357 1,011 28,658 16,709 3,867 60,880 6,484 677 7,161 1,561 8,722 19,332 19,117 3,292 50,463 52,740 1,312 31,626 22,427 7,702 80,591 (million dollars) 6,576 701 7,276 1,830 9,106 20,454 20,281 3,372 53,214 56,910 1,301 34,538 23,673 7,641 84,528 5,682 592 6,273 1,901 8,174 18,644 19,501 3,136 49,455 54,672 1,269 33,350 22,591 7,595 79,641 6,516 608 7,124 2,080 9,205 20,974 20,859 3,014 54,052 58,213 1,348 35,572 23,988 7,730 85,770 6,543 533 7,076 2,457 9,533 20,343 20,081 3,180 53,137 59,197 1,174 35,770 24,600 7,328 85,066 6,705 1,762 17,119 388 3,226 2,303 9,015 40,518 12,785 11,354 3,582 68,238 16,744 22,503 39,247 107,485 6,897 1,747 17,152 395 3,475 2,257 9,065 40,987 13,036 11,085 3,668 68,775 17,753 21,719 39,472 108,247 6,374 2,053 16,923 405 3,545 2,052 9,375 40,728 12,306 11,817 3,770 68,621 16,549 20,592 37,140 105,761 6,512 1,623 16,986 399 3,484 1,999 9,400 40,404 11,392 11,284 3,518 66,598 16,396 24,197 40,592 107,190 6,403 1,632 16,342 546 3,554 2,086 7,429 37,992 11,752 11,896 2,222 63,862 18,334 25,837 44,172 108,034 4,210 700 8,249 183 1,870 695 4,140 20,047 6,274 5,620 1,219 33,161 11,749 13,250 24,999 58,159 4,039 473 8,556 167 1,818 799 4,271 20,123 6,307 5,507 1,124 33,060 12,270 12,935 25,205 58,265 4,198 655 8,766 134 2,159 853 3,977 20,743 6,924 4,957 1,025 33,649 11,038 12,918 23,956 57,605 3,807 710 8,655 158 2,036 784 3,744 19,895 6,907 5,987 1,005 33,794 11,588 11,240 22,828 56,622 4,307 992 8,774 173 2,037 752 4,580 21,615 7,410 5,490 1,156 35,671 11,205 14,004 25,209 60,880 5,776 853 11,583 275 2,812 1,005 5,699 28,003 9,317 6,032 1,881 45,233 19,905 15,453 35,359 80,591 6,025 1,036 11,382 410 2,831 1,009 6,239 28,932 9,476 6,261 1,969 46,638 20,201 17,689 37,890 84,528 5,691 927 10,636 305 2,643 1,056 5,396 26,653 9,585 6,307 2,207 44,751 21,645 13,244 34,889 79,641 6,698 941 11,858 372 2,860 1,136 5,918 29,782 9,773 6,877 2,550 48,982 22,454 14,334 36,788 85,770 6,515 940 11,153 475 2,629 814 5,661 28,187 9,418 7,385 2,493 47,482 24,756 12,827 37,583 85,066 32,717 32,795 30,711 33,414 36,654 18,883 19,039 17,535 17,355 18,688 22,460 24,282 22,802 24,270 24,950 (percent of total assets) (percent of total assets) (percent of total assets) 14.3 28.0 21.3 68.1 26.5 13.0 37.7 22.5 63.5 36.5 14.6 27.9 21.2 68.2 26.6 13.3 37.9 22.3 63.5 36.5 14.3 27.1 21.6 67.5 26.9 13.3 38.5 22.8 64.9 35.1 14.1 27.8 22.5 68.9 25.6 12.7 37.7 21.2 62.1 37.9 14.8 28.2 22.0 69.1 25.8 12.7 35.2 21.9 59.1 40.9 12.9 25.8 24.5 66.9 26.8 12.9 34.5 20.5 57.0 43.0 12.9 25.8 24.7 67.2 26.9 12.2 34.5 20.3 56.7 43.3 12.2 26.1 24.7 66.4 27.2 13.7 36.0 20.6 58.4 41.6 11.5 25.6 24.8 65.8 27.7 13.0 35.1 22.8 59.7 40.3 10.5 26.8 25.3 66.2 27.4 13.3 35.5 21.2 58.6 41.4 10.8 24.0 23.7 62.6 27.8 13.0 34.7 19.0 56.1 43.9 10.8 24.2 24.0 63.0 28.0 12.9 34.2 18.6 55.2 44.8 10.3 23.4 24.5 62.1 28.4 13.0 33.5 20.0 56.2 43.8 10.7 24.5 24.3 63.0 28.0 13.6 34.7 19.4 57.1 42.9 11.2 23.9 23.6 62.5 28.9 12.8 33.1 19.8 55.8 44.2 73 U.S. Census Bureau Table 19.0—Income Statement For Corporations in NAICS Nondurable Manufacturing Subsectors, By Size of Total Assets All Nondurable Manufacturing Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 3.0 89.2 7.8 1.7 4.6 10.7 2.6 8.1 100.0 3.0 89.2 7.8 1.7 5.0 11.1 2.5 8.6 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.20 0.20 1.39 1.20 0.22 1.42 1.20 0.23 1.47 1.23 0.23 1.48 1.22 0.23 1.52 26.38 19.93 10.40 7.86 27.03 20.96 10.70 8.30 23.91 18.99 9.60 7.63 26.91 21.11 10.87 8.53 27.61 21.64 11.26 8.83 100.0 3.0 90.0 6.9 1.7 4.7 9.9 2.0 7.8 100.0 2.9 88.9 8.1 1.7 4.9 11.3 2.4 8.9 100.0 2.7 89.3 8.1 1.6 4.4 10.9 2.3 8.5 604,129 18,119 539,060 46,950 10,379 28,022 64,592 15,794 48,798 23,629 25,169 693,907 (7,481) 711,595 612,653 18,673 546,235 47,744 10,695 30,829 67,878 15,259 52,619 20,859 31,760 711,526 (3,622) 739,665 627,791 19,100 565,323 43,368 10,918 29,464 61,913 12,741 49,173 26,226 22,947 737,787 (3,028) 757,707 628,330 18,524 558,706 51,101 10,705 30,568 70,964 15,287 55,677 31,708 23,969 755,692 (7,104) 772,557 685,827 18,407 612,189 55,231 10,978 30,231 74,484 16,088 58,396 22,428 35,968 773,045 (2,892) 806,121 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 74 U.S. Census Bureau All Nondurable Manufacturing Total Assets Under $5 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Nondurable Manufacturing Total Assets $5 Million to $10 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Nondurable Manufacturing Total Assets $10 Million to $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 22,000 510 20,344 1,146 179 (66) 901 105 796 495 301 8,028 (718) 7,611 20,976 491 19,391 1,094 180 (92) 823 124 699 398 301 6,890 9 7,200 21,995 570 20,906 520 200 (30) 290 86 205 707 (502) 8,257 (28) 7,728 22,298 482 20,631 1,184 191 273 1,266 110 1,156 1,076 79 8,236 59 8,375 22,437 445 20,636 1,356 161 (23) 1,172 86 1,086 589 498 8,489 (6) 8,981 11,805 286 10,932 587 102 (12) 474 39 435 355 80 7,252 86 7,418 (million dollars) 12,167 308 11,025 835 117 (79) 639 118 521 196 325 6,860 (31) 7,154 11,950 302 11,029 619 105 64 579 36 543 164 379 7,025 (22) 7,381 10,966 291 10,109 566 104 (7) 455 61 394 197 197 6,694 (122) 6,769 13,843 341 12,675 827 138 (112) 576 104 472 355 117 7,196 47 7,360 14,553 404 13,303 846 141 (26) 679 95 583 403 180 6,625 (7) 6,799 (million dollars) 16,468 436 15,024 1,008 155 (9) 844 93 750 351 399 8,352 30 8,781 15,489 408 14,537 544 170 (3) 371 71 300 296 3 6,525 34 6,562 15,784 422 14,502 860 169 12 703 95 607 294 313 6,466 (172) 6,608 15,184 406 13,980 798 185 (14) 599 100 499 449 50 5,999 (76) 5,973 (percent of net sales) 100.0 2.3 92.5 5.2 0.8 (0.3) 4.1 0.5 3.6 100.0 2.3 92.4 5.2 0.9 (0.4) 3.9 0.6 3.3 (percent) 100.0 2.6 95.0 2.4 0.9 (0.1) 1.3 0.4 0.9 100.0 2.2 92.5 5.3 0.9 1.2 5.7 0.5 5.2 100.0 2.0 92.0 6.0 0.7 (0.1) 5.2 0.4 4.8 100.0 2.4 92.6 5.0 0.9 (0.1) 4.0 0.3 3.7 (percent of net sales) 100.0 2.5 90.6 6.9 1.0 (0.6) 5.3 1.0 4.3 (percent) 100.0 2.5 92.3 5.2 0.9 0.5 4.8 0.3 4.5 100.0 2.7 92.2 5.2 0.9 (0.1) 4.1 0.6 3.6 100.0 2.5 91.6 6.0 1.0 (0.8) 4.2 0.8 3.4 100.0 2.8 91.4 5.8 1.0 (0.2) 4.7 0.7 4.0 (percent of net sales) 100.0 2.6 91.2 6.1 0.9 (0.1) 5.1 0.6 4.6 (percent) 100.0 2.6 93.9 3.5 1.1 0.0 2.4 0.5 1.9 100.0 2.7 91.9 5.4 1.1 0.1 4.5 0.6 3.8 100.0 2.7 92.1 5.3 1.2 (0.1) 3.9 0.7 3.3 30.29 26.77 11.01 9.73 27.70 23.53 10.04 8.53 10.06 7.09 3.64 2.57 39.57 36.13 14.96 13.66 36.00 33.36 14.50 13.44 20.06 18.42 8.64 7.94 25.80 21.05 11.37 9.27 23.93 22.44 10.72 10.06 20.66 17.89 8.93 7.73 24.38 19.97 9.89 8.10 24.15 20.75 9.15 7.87 25.74 22.89 10.33 9.19 13.57 10.97 4.86 3.93 24.47 21.15 8.61 7.45 21.40 17.83 7.63 6.36 1.77 0.35 0.94 1.76 0.35 0.94 1.74 0.35 0.96 1.79 0.36 1.04 1.89 0.40 1.14 1.82 0.33 1.23 1.95 0.37 1.25 1.79 0.36 1.33 1.77 0.31 1.25 1.82 0.30 1.09 1.55 0.23 1.00 1.60 0.22 1.09 1.59 0.21 0.90 1.56 0.21 0.87 1.60 0.22 0.89 75 U.S. Census Bureau Table 19.1—Balance Sheet For Corporations in NAICS Nondurable Manufacturing Subsectors, By Size of Total Assets All Nondurable Manufacturing Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.2 8.9 7.7 24.9 25.0 5.5 20.7 22.9 60.6 39.4 4.5 9.0 7.7 25.4 24.3 5.4 21.1 22.5 60.4 39.6 4.9 8.8 7.7 25.4 24.0 5.3 21.1 22.0 59.8 40.2 4.9 8.9 7.9 25.8 23.9 5.5 21.0 21.8 59.6 40.4 4.9 9.1 7.9 26.1 23.6 5.3 21.3 21.5 59.2 40.8 103,808 108,985 111,273 124,553 126,417 22,259 64,201 147,791 26,830 13,975 36,991 201,457 513,504 133,938 434,326 422,320 1,504,087 267,763 711,595 979,358 2,483,446 24,414 58,963 156,505 29,478 15,060 37,878 212,828 535,125 135,782 435,307 426,220 1,532,435 264,659 739,665 1,004,323 2,536,758 23,215 58,256 162,671 27,050 14,231 40,494 217,729 543,648 131,918 434,611 433,412 1,543,588 278,088 757,707 1,035,795 2,579,384 26,546 61,789 161,618 31,461 15,308 40,546 211,255 548,523 133,223 436,121 438,880 1,556,747 282,213 772,557 1,054,770 2,611,516 23,386 60,465 173,256 29,810 13,954 42,729 219,484 563,084 133,097 436,439 433,394 1,566,014 273,088 806,121 1,079,209 2,645,223 56,031 7,531 63,561 41,645 105,206 221,931 191,648 98,526 617,312 1,225,073 60,988 665,883 620,177 1,245,957 2,483,446 2Q 2004 3Q 2004 (million dollars) 59,804 10,215 70,019 45,051 115,070 228,688 196,132 104,221 644,111 1,225,379 60,379 668,910 616,848 1,275,800 2,536,758 63,731 11,048 74,780 50,963 125,742 228,049 197,845 103,284 654,921 1,222,814 59,153 662,688 619,280 1,305,183 2,579,384 59,627 14,177 73,804 53,316 127,120 233,430 207,261 105,264 673,076 1,240,368 58,939 676,432 622,874 1,315,567 2,611,516 61,168 14,940 76,109 53,700 129,808 241,795 208,092 109,806 689,501 1,242,480 58,970 678,231 623,219 1,332,503 2,645,223 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 76 U.S. Census Bureau All Nondurable Manufacturing Total Assets Under $5 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Nondurable Manufacturing Total Assets $5 Million to $10 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Nondurable Manufacturing Total Assets $10 Million to $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 3,397 300 3,696 505 4,201 9,173 6,539 1,382 21,295 32,203 464 23,079 9,588 1,838 32,721 3,444 279 3,723 433 4,156 9,019 6,606 1,424 21,205 31,367 544 22,201 9,710 1,855 32,770 3,394 226 3,620 557 4,177 8,632 6,725 1,331 20,865 30,372 401 21,697 9,076 1,910 31,851 3,655 277 3,932 599 4,531 9,311 7,307 1,544 22,693 30,661 515 21,997 9,179 1,967 33,839 3,693 171 3,863 630 4,493 9,189 6,430 1,263 21,376 29,267 352 20,622 8,997 1,962 32,334 1,979 79 2,057 403 2,460 5,396 5,049 834 13,739 17,374 286 10,898 6,762 1,420 21,921 (million dollars) 2,068 238 2,306 397 2,703 5,604 5,076 779 14,162 17,574 565 11,150 6,989 1,338 22,488 1,875 423 2,297 405 2,703 5,456 4,661 679 13,499 16,997 567 10,838 6,726 1,359 21,584 1,736 234 1,969 268 2,237 5,317 4,393 716 12,663 16,417 545 10,497 6,465 1,261 20,389 1,813 322 2,135 260 2,394 6,267 5,186 905 14,752 18,701 499 12,306 6,894 1,676 23,322 2,042 231 2,272 272 2,544 6,794 6,753 1,044 17,135 21,508 682 12,254 9,936 2,582 29,653 (million dollars) 2,039 225 2,264 382 2,646 7,815 7,273 1,282 19,016 24,662 656 14,320 10,998 2,656 32,670 1,803 179 1,982 375 2,357 7,020 7,224 1,226 17,827 23,018 548 13,595 9,970 2,728 30,525 1,975 204 2,180 354 2,534 7,619 7,826 1,242 19,221 24,488 608 14,204 10,893 2,510 32,624 1,685 137 1,822 679 2,501 7,182 7,183 1,330 18,197 24,311 493 14,005 10,799 2,398 31,394 2,031 583 5,657 122 1,282 571 1,761 12,006 4,614 3,568 638 20,827 4,282 7,611 11,893 32,721 2,145 525 5,729 135 1,267 510 1,705 12,015 5,064 3,142 669 20,891 4,679 7,200 11,879 32,770 2,053 537 5,723 124 1,173 638 1,766 12,013 4,300 3,338 657 20,309 3,814 7,728 11,542 31,851 2,507 434 5,924 162 1,077 529 2,066 12,698 4,040 3,718 589 21,045 4,419 8,375 12,794 33,839 2,119 345 5,535 142 950 433 1,761 11,285 3,702 3,886 438 19,311 4,043 8,981 13,023 32,334 1,794 293 3,147 42 735 312 1,238 7,561 2,493 2,075 346 12,475 2,027 7,418 9,445 21,921 1,718 226 3,056 68 714 332 1,148 7,261 2,577 2,348 397 12,582 2,752 7,154 9,906 22,488 1,794 277 2,997 48 812 332 1,269 7,529 2,537 1,502 345 11,913 2,290 7,381 9,671 21,584 1,550 281 3,059 38 786 372 1,072 7,160 2,497 1,577 344 11,579 2,041 6,769 8,810 20,389 1,688 437 3,409 72 904 298 1,281 8,088 3,120 2,231 425 13,864 2,098 7,360 9,458 23,322 2,434 423 4,631 60 1,152 624 1,701 11,025 4,007 2,641 737 18,411 4,443 6,799 11,242 29,653 2,750 381 4,705 128 1,286 632 2,005 11,887 4,162 2,824 685 19,557 4,332 8,781 13,113 32,670 2,677 69 4,546 104 1,248 571 1,992 11,207 4,468 3,134 789 19,598 4,365 6,562 10,927 30,525 3,020 115 4,950 105 1,445 671 1,999 12,304 4,360 3,595 879 21,139 4,877 6,608 11,485 32,624 2,830 250 4,779 157 1,275 327 1,751 11,368 4,244 3,635 946 20,193 5,228 5,973 11,201 31,394 9,289 9,190 8,852 9,995 10,091 6,178 6,901 5,970 5,503 6,664 6,110 7,129 6,620 6,917 6,829 (percent of total assets) (percent of total assets) (percent of total assets) 12.8 28.0 20.0 65.1 29.3 13.7 36.7 25.0 63.7 36.3 12.7 27.5 20.2 64.7 29.6 13.6 36.7 25.0 63.7 36.3 13.1 27.1 21.1 65.5 28.5 13.8 37.7 24.0 63.8 36.2 13.4 27.5 21.6 67.1 27.1 13.4 37.5 22.9 62.2 37.8 13.9 28.4 19.9 66.1 27.8 11.9 34.9 23.5 59.7 40.3 11.2 24.6 23.0 62.7 30.8 14.3 34.5 20.8 56.9 43.1 12.0 24.9 22.6 63.0 31.1 13.3 32.3 21.9 56.0 44.0 12.5 25.3 21.6 62.5 31.2 14.9 34.9 18.7 55.2 44.8 11.0 26.1 21.5 62.1 31.7 14.7 35.1 20.0 56.8 43.2 10.3 26.9 22.2 63.3 29.6 14.3 34.7 22.9 59.4 40.6 8.6 22.9 22.8 57.8 33.5 15.6 37.2 22.4 62.1 37.9 8.1 23.9 22.3 58.2 33.7 15.5 36.4 21.4 59.9 40.1 7.7 23.0 23.7 58.4 32.7 15.0 36.7 24.9 64.2 35.8 7.8 23.4 24.0 58.9 33.4 16.1 37.7 24.4 64.8 35.2 8.0 22.9 22.9 58.0 34.4 14.9 36.2 25.1 64.3 35.7 77 U.S. Census Bureau Table 20.0—Income Statement For Corporations in NAICS Durable Manufacturing Subsectors, By Size of Total Assets All Durable Manufacturing Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other nonoperating income (expense). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 100.0 3.2 90.5 6.3 1.5 4.1 8.9 1.8 7.1 100.0 3.2 90.4 6.3 1.6 3.0 7.8 2.0 5.8 (percent) OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . BALANCE SHEET RATIOS (based on succeeding table) Total current assets to total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities to total current liabilities . . . . . . . . . . . . . . . . . . Total stockholders’ equity to total debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1.36 0.33 2.10 1.34 0.32 2.13 1.35 0.33 2.23 1.33 0.30 2.21 1.35 0.31 2.21 19.26 15.31 7.99 6.35 16.32 12.18 6.83 5.10 15.19 12.34 6.46 5.25 14.07 10.65 5.95 4.50 18.66 14.24 7.93 6.05 100.0 3.2 91.9 4.9 1.6 3.9 7.2 1.4 5.9 100.0 3.2 91.8 4.9 1.6 3.6 6.9 1.7 5.2 100.0 3.0 91.1 5.9 1.5 4.4 8.7 2.1 6.7 644,588 20,621 583,377 40,589 9,625 26,710 57,674 11,831 45,843 13,514 32,330 401,664 (6,197) 427,797 638,488 20,635 577,410 40,443 9,975 19,189 49,657 12,600 37,057 11,498 25,559 430,396 (4,964) 450,992 661,520 21,278 608,132 32,110 10,364 25,950 47,696 8,936 38,760 14,053 24,707 454,912 (9,363) 470,256 641,048 20,724 588,681 31,643 10,201 22,947 44,388 10,796 33,593 14,105 19,488 477,889 (20,713) 476,664 686,569 20,865 625,189 40,515 10,333 29,867 60,049 14,215 45,834 15,021 30,813 482,207 (7,042) 505,979 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 78 U.S. Census Bureau All Durable Manufacturing Total Assets Under $5 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Durable Manufacturing Total Assets $5 Million to $10 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Durable Manufacturing Total Assets $10 Million to $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 45,346 1,117 40,599 3,630 388 (8) 3,234 221 3,013 1,540 1,474 14,028 (611) 14,891 46,147 1,147 41,667 3,332 410 (205) 2,716 172 2,544 1,119 1,426 13,158 (64) 14,519 45,016 1,226 42,866 924 425 (171) 328 138 191 1,284 (1,093) 14,211 (254) 12,864 43,917 1,015 39,659 3,242 348 (104) 2,790 243 2,548 1,692 855 15,275 (308) 15,822 47,029 1,068 41,740 4,221 399 (52) 3,770 350 3,420 1,828 1,591 15,499 (234) 16,857 18,268 405 16,566 1,297 195 65 1,167 121 1,046 544 502 5,379 (50) 5,831 (million dollars) 17,091 390 15,681 1,021 188 (38) 795 116 679 616 63 5,747 (29) 5,781 17,773 442 17,030 301 217 (120) (36) 98 (134) 547 (681) 6,345 (127) 5,537 16,491 435 15,071 985 204 28 809 113 695 477 219 4,358 (106) 4,470 19,273 446 17,404 1,424 181 3 1,246 138 1,108 755 353 6,247 44 6,644 22,566 553 20,483 1,530 217 (114) 1,198 152 1,047 809 238 8,561 (144) 8,654 (million dollars) 23,192 598 20,994 1,601 226 123 1,498 221 1,277 401 876 8,145 (114) 8,908 20,708 544 19,346 818 227 (106) 484 168 316 477 (161) 6,743 100 6,682 22,605 540 20,754 1,311 238 6 1,078 271 807 576 231 7,502 (6) 7,727 23,059 590 20,880 1,590 243 214 1,561 214 1,347 958 389 6,597 (133) 6,854 (percent of net sales) 100.0 2.5 89.5 8.0 0.9 0.0 7.1 0.5 6.6 100.0 2.5 90.3 7.2 0.9 (0.4) 5.9 0.4 5.5 (percent) 100.0 2.7 95.2 2.1 0.9 (0.4) 0.7 0.3 0.4 100.0 2.3 90.3 7.4 0.8 (0.2) 6.4 0.6 5.8 100.0 2.3 88.8 9.0 0.8 (0.1) 8.0 0.7 7.3 100.0 2.2 90.7 7.1 1.1 0.4 6.4 0.7 5.7 (percent of net sales) 100.0 2.3 91.7 6.0 1.1 (0.2) 4.7 0.7 4.0 (percent) 100.0 2.5 95.8 1.7 1.2 (0.7) (0.2) 0.5 (0.8) 100.0 2.6 91.4 6.0 1.2 0.2 4.9 0.7 4.2 100.0 2.3 90.3 7.4 0.9 0.0 6.5 0.7 5.7 100.0 2.4 90.8 6.8 1.0 (0.5) 5.3 0.7 4.6 (percent of net sales) 100.0 2.6 90.5 6.9 1.0 0.5 6.5 1.0 5.5 (percent) 100.0 2.6 93.4 3.9 1.1 (0.5) 2.3 0.8 1.5 100.0 2.4 91.8 5.8 1.1 0.0 4.8 1.2 3.6 100.0 2.6 90.6 6.9 1.1 0.9 6.8 0.9 5.8 47.29 44.07 17.30 16.12 39.38 36.89 14.40 13.48 5.13 2.98 1.78 1.03 40.15 36.66 15.22 13.89 48.41 43.92 19.92 18.07 30.01 26.91 12.88 11.55 20.78 17.75 8.89 7.59 (1.02) (3.75) (0.40) (1.49) 23.07 19.84 8.93 7.68 31.63 28.13 13.27 11.80 19.87 17.36 9.41 8.22 24.18 20.61 11.55 9.85 8.09 5.28 3.95 2.58 17.04 12.76 8.11 6.07 23.67 20.42 11.64 10.04 1.82 0.39 1.07 1.81 0.40 1.07 1.76 0.38 0.98 1.85 0.38 1.16 1.99 0.43 1.20 2.02 0.40 1.33 1.94 0.37 1.39 1.88 0.33 1.14 1.93 0.34 1.06 1.89 0.30 1.28 1.96 0.36 1.66 2.01 0.38 1.70 2.05 0.38 1.71 1.99 0.38 1.68 2.08 0.42 1.74 79 U.S. Census Bureau Table 20.1—Balance Sheet For Corporations in NAICS Durable Manufacturing Subsectors, By Size of Total Assets All Durable Manufacturing Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in U.S. banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including marketable and government securities, commercial paper, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other short-term loans, including commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments. . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other long-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital (less treasury stock) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL Excess of total current assets over total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . SELECTED BALANCE SHEET RATIOS Total cash, U.S. government and other securities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Short-term debt, including installments on long-term debt . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8.6 11.1 9.9 35.6 16.8 3.1 26.1 16.7 58.5 41.5 8.5 11.3 10.1 35.7 16.6 3.4 26.6 16.3 58.1 41.9 8.7 10.9 9.9 35.2 16.6 3.3 26.2 15.8 57.5 42.5 8.0 11.4 10.4 35.4 16.4 3.4 26.7 15.7 57.7 42.3 8.2 11.6 10.4 36.1 16.3 3.4 26.9 15.8 57.5 42.5 272,673 263,677 266,923 260,472 280,681 26,196 23,968 217,816 34,619 14,943 24,955 412,283 754,781 136,237 344,736 454,742 1,690,496 769,977 427,797 1,197,774 2,888,270 28,482 27,873 219,003 37,428 16,630 25,579 418,162 773,157 134,632 339,378 443,452 1,690,619 766,007 450,992 1,216,998 2,907,617 25,299 27,586 222,104 31,645 16,761 27,231 422,544 773,170 133,457 332,890 457,016 1,696,532 785,890 470,256 1,256,146 2,952,678 28,140 29,943 230,406 33,722 19,422 25,166 429,103 795,902 135,381 334,199 457,018 1,722,500 785,171 476,664 1,261,835 2,984,335 28,871 29,616 233,877 33,991 19,860 24,714 442,532 813,461 138,983 341,064 449,089 1,742,597 781,059 505,979 1,287,037 3,029,635 123,884 19,343 143,227 104,452 247,678 320,382 285,996 173,398 1,027,454 1,067,692 39,538 621,402 485,827 1,374,989 2,888,270 2Q 2004 3Q 2004 (million dollars) 122,090 25,636 147,726 98,931 246,656 328,097 293,545 168,535 1,036,834 1,071,813 38,518 626,252 484,079 1,386,704 2,907,617 121,354 20,396 141,750 114,559 256,309 321,829 292,593 169,362 1,040,093 1,074,080 38,424 622,350 490,154 1,422,431 2,952,678 110,664 19,560 130,224 107,909 238,133 339,336 309,052 169,853 1,056,374 1,085,350 38,933 634,614 489,670 1,438,292 2,984,335 118,812 20,406 139,218 109,674 248,891 352,514 316,532 176,205 1,094,142 1,100,309 39,122 644,235 495,196 1,440,296 3,029,635 4Q 2004 1Q 2005 2Q 2005 (percent of total assets) 80 U.S. Census Bureau All Durable Manufacturing Total Assets Under $5 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Durable Manufacturing Total Assets $5 Million to $10 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Durable Manufacturing Total Assets $10 Million to $25 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 9,287 827 10,114 1,004 11,117 20,963 16,399 3,461 51,940 65,794 924 47,806 18,913 3,912 74,765 9,634 775 10,409 1,242 11,651 21,223 16,331 3,372 52,578 66,865 980 48,777 19,068 3,831 75,477 8,964 740 9,704 1,279 10,983 19,994 16,167 3,430 50,574 67,697 917 49,259 19,355 3,981 73,910 8,588 764 9,352 1,192 10,544 20,518 16,809 3,254 51,125 67,486 881 50,113 18,253 3,972 73,351 9,308 835 10,143 1,316 11,459 21,241 17,328 3,242 53,270 68,893 1,026 51,009 18,911 3,519 75,699 3,726 537 4,263 780 5,044 9,607 9,194 1,347 25,191 24,236 515 15,941 8,810 2,237 36,239 (million dollars) 3,363 576 3,939 852 4,791 9,435 9,342 1,432 25,000 23,876 458 15,654 8,680 2,096 35,777 3,107 522 3,630 680 4,310 9,581 9,567 1,321 24,779 24,384 449 15,896 8,937 2,305 36,020 3,115 492 3,607 660 4,267 9,186 9,656 1,478 24,587 24,384 517 15,677 9,224 2,423 36,233 2,973 499 3,472 544 4,016 10,041 10,188 1,307 25,552 25,656 512 16,352 9,816 2,191 37,558 4,442 447 4,889 1,289 6,178 12,538 12,364 2,249 33,328 31,232 630 19,372 12,490 5,120 50,938 (million dollars) 4,536 476 5,013 1,448 6,460 12,639 13,008 2,091 34,198 32,248 645 20,218 12,675 4,985 51,859 3,879 413 4,292 1,526 5,818 11,625 12,277 1,910 31,629 31,654 722 19,755 12,620 4,866 49,115 4,541 404 4,945 1,726 6,671 13,355 13,033 1,772 34,830 33,725 739 21,368 13,096 5,220 53,146 4,858 396 5,254 1,778 7,032 13,160 12,898 1,849 34,940 34,886 681 21,766 13,801 4,931 53,672 4,674 1,180 11,461 267 1,944 1,732 7,254 28,512 8,170 7,786 2,943 47,411 12,462 14,891 27,354 74,765 4,752 1,222 11,423 260 2,208 1,747 7,360 28,972 7,972 7,943 2,998 47,885 13,073 14,519 27,592 75,477 4,321 1,517 11,200 282 2,372 1,414 7,609 28,715 8,006 8,479 3,113 48,312 12,734 12,864 25,598 73,910 4,005 1,189 11,062 238 2,407 1,471 7,335 27,706 7,352 7,565 2,929 45,552 11,976 15,822 27,798 73,351 4,283 1,287 10,807 404 2,605 1,653 5,668 26,707 8,050 8,010 1,784 44,551 14,292 16,857 31,148 75,699 2,416 407 5,102 141 1,135 383 2,902 12,487 3,781 3,545 873 20,685 9,722 5,831 15,553 36,239 2,321 247 5,500 99 1,104 467 3,123 12,862 3,730 3,158 728 20,478 9,518 5,781 15,299 35,777 2,405 378 5,769 86 1,347 521 2,708 13,214 4,387 3,455 680 21,736 8,748 5,537 14,285 36,020 2,256 430 5,596 120 1,250 412 2,671 12,735 4,410 4,410 660 22,216 9,547 4,470 14,017 36,233 2,619 555 5,365 101 1,133 454 3,299 13,527 4,291 3,259 731 21,807 9,107 6,644 15,751 37,558 3,342 430 6,952 215 1,660 381 3,998 16,978 5,310 3,391 1,143 26,821 15,463 8,654 24,117 50,938 3,276 654 6,677 282 1,544 377 4,235 17,045 5,315 3,437 1,284 27,081 15,870 8,908 24,778 51,859 3,015 858 6,089 201 1,394 484 3,404 15,446 5,117 3,173 1,417 25,153 17,280 6,682 23,962 49,115 3,678 825 6,908 267 1,415 466 3,919 17,478 5,412 3,282 1,671 27,843 17,576 7,727 25,303 53,146 3,685 690 6,374 318 1,354 487 3,910 16,819 5,174 3,750 1,547 27,290 19,528 6,854 26,382 53,672 23,429 23,605 21,860 23,419 26,563 12,705 12,138 11,565 11,852 12,025 16,350 17,153 16,182 17,353 18,121 (percent of total assets) (percent of total assets) (percent of total assets) 14.9 28.0 21.9 69.5 25.3 12.7 38.1 21.3 63.4 36.6 15.4 28.1 21.6 69.7 25.3 13.2 38.4 21.1 63.4 36.6 14.9 27.1 21.9 68.4 26.2 13.0 38.9 22.3 65.4 34.6 14.4 28.0 22.9 69.7 24.9 12.4 37.8 20.3 62.1 37.9 15.1 28.1 22.9 70.4 25.0 13.0 35.3 21.2 58.9 41.1 13.9 26.5 25.4 69.5 24.3 12.0 34.5 20.2 57.1 42.9 13.4 26.4 26.1 69.9 24.3 11.6 36.0 19.3 57.2 42.8 12.0 26.6 26.6 68.8 24.8 12.9 36.7 21.8 60.3 39.7 11.8 25.4 26.6 67.9 25.5 12.0 35.1 24.3 61.3 38.7 10.7 26.7 27.1 68.0 26.1 12.7 36.0 20.1 58.1 41.9 12.1 24.6 24.3 65.4 24.5 11.4 33.3 17.1 52.7 47.3 12.5 24.4 25.1 65.9 24.4 11.3 32.9 16.9 52.2 47.8 11.8 23.7 25.0 64.4 25.7 11.7 31.4 16.9 51.2 48.8 12.6 25.1 24.5 65.5 24.6 12.0 32.9 16.4 52.4 47.6 13.1 24.5 24.0 65.1 25.7 11.6 31.3 16.6 50.8 49.2 81 U.S. Census Bureau Table 21.0—Income Statement For Corporations in NAICS Manufacturing Subsector 311, Total Assets $25 Million and Over Food Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.16 18.50 8.85 6.78 24.68 19.33 8.96 7.01 24.29 17.46 8.84 6.36 23.33 16.64 8.73 6.23 22.85 17.29 8.61 6.52 100.0 2.3 91.3 6.4 1.8 0.4 0.5 (0.1) 1.4 6.7 1.6 5.1 100.0 2.4 91.1 6.6 1.8 0.0 0.6 (0.1) 1.7 7.0 1.5 5.5 (percent) 100.0 2.3 90.9 6.8 1.7 0.1 0.2 (0.2) 1.7 6.9 1.9 4.9 100.0 2.4 91.2 6.3 1.8 0.2 0.4 0.0 1.9 7.0 2.0 5.0 100.0 2.4 91.3 6.3 1.8 0.1 0.5 (0.4) 2.2 6.9 1.7 5.2 93,233 2,151 85,126 5,956 1,653 363 450 (126) 1,263 6,254 1,284 181 4,789 0 0 4,789 1,745 3,044 86,579 (446) 89,177 93,615 2,210 85,263 6,142 1,699 46 526 (130) 1,634 6,520 1,311 104 5,105 (16) 0 5,089 1,716 3,373 89,718 (850) 92,241 97,009 2,241 88,165 6,603 1,649 117 169 (200) 1,638 6,678 1,716 163 4,799 (1) 0 4,798 1,893 2,905 92,687 (841) 94,752 94,059 2,302 85,816 5,940 1,663 162 338 9 1,777 6,563 1,681 202 4,681 (7) 0 4,674 1,659 3,015 95,079 (229) 97,865 94,284 2,251 86,128 5,905 1,717 91 518 (367) 2,070 6,499 1,429 152 4,918 (1) (48) 4,869 2,509 2,360 98,828 (418) 100,770 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 82 U.S. Census Bureau Table 21.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 311, Total Assets $25 Million and Over Food Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 2,739 9,637 1,276 0 21,109 1,624 171 2,281 1,306 2,096 18,209 60,448 24,918 21,255 34,463 38,129 179,212 39,469 89,177 (1,574) (892) 22,659 103,521 282,734 23,336 3,103 9,129 1,635 0 22,051 1,420 144 2,470 961 2,046 18,808 61,769 27,509 21,497 34,437 40,314 185,526 40,268 92,241 (1,387) (1,292) 24,181 105,649 291,175 23,564 3,104 8,504 2,488 0 23,990 1,708 167 2,692 1,884 5,844 19,388 69,769 26,301 19,372 36,049 40,545 192,036 40,524 94,752 894 (994) 25,197 109,978 302,014 17,884 3,533 8,066 2,174 0 22,752 2,197 226 2,032 2,075 6,061 18,661 67,777 25,604 19,293 35,683 39,658 188,016 40,738 97,865 391 (803) 25,639 112,552 300,568 17,749 3,244 8,097 2,568 0 22,865 2,085 289 1,955 3,381 6,910 18,850 70,244 25,300 17,905 34,597 40,081 188,126 40,145 100,770 (423) (574) 26,129 113,789 301,916 14,201 4,297 663 383 5,343 441 176 608 212 1 2,296 9,076 126 28,466 28,592 35,821 10,294 83,783 135,326 3,681 70,358 68,648 218 130,084 282,734 2Q 2004 3Q 2004 (million dollars) 4,597 529 332 5,458 438 222 246 289 1 2,243 8,898 135 29,101 29,236 37,172 10,027 85,333 140,474 3,893 73,789 70,578 205 135,059 291,175 5,033 577 342 5,953 192 350 463 409 4 2,133 9,504 189 29,512 29,701 37,983 10,466 87,654 143,172 3,988 73,918 73,242 202 140,916 302,014 4,766 671 694 6,131 408 374 205 466 4 1,682 9,271 143 27,906 28,050 37,842 10,363 85,527 144,716 4,001 76,469 72,247 367 142,427 300,568 4,595 612 914 6,120 496 435 158 302 4 2,043 9,558 143 27,725 27,868 36,919 10,099 84,445 143,947 4,646 76,212 72,381 408 144,681 301,916 4Q 2004 1Q 2005 2Q 2005 83 U.S. Census Bureau Table 22.0—Income Statement For Corporations in NAICS Manufacturing Subsector 312, Total Assets $25 Million and Over Beverage and Tobacco Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 46.76 36.19 16.21 12.54 37.57 27.37 13.29 9.68 29.63 23.49 10.75 8.52 26.16 19.12 10.07 7.36 37.89 31.08 14.51 11.90 100.0 3.2 78.4 18.4 3.0 0.8 0.9 (0.4) 8.9 25.6 5.8 19.8 100.0 3.2 81.4 15.5 2.9 0.4 2.1 (0.2) 7.5 22.4 6.1 16.3 (percent) 100.0 2.9 82.1 15.0 3.4 2.0 0.3 0.4 4.5 18.8 3.9 14.9 100.0 3.3 79.5 17.2 3.0 0.4 (0.3) 0.1 3.2 17.5 4.7 12.8 100.0 3.0 79.9 17.0 3.0 7.5 0.3 (0.6) 2.2 23.4 4.2 19.2 34,905 1,111 27,367 6,428 1,059 271 304 (134) 3,123 8,932 1,837 182 6,913 0 0 6,913 2,662 4,251 98,695 (207) 102,739 34,135 1,081 27,778 5,276 984 122 712 (72) 2,577 7,631 1,778 294 5,559 0 0 5,559 3,018 2,542 104,993 (148) 107,386 33,087 973 27,159 4,955 1,140 668 111 144 1,481 6,219 1,119 171 4,929 0 0 4,929 3,001 1,928 106,761 (50) 108,639 32,812 1,098 26,076 5,638 975 132 (110) 16 1,046 5,747 1,347 201 4,200 0 0 4,200 2,870 1,329 109,803 (449) 110,683 36,275 1,098 28,993 6,184 1,083 2,730 95 (223) 799 8,502 1,287 240 6,976 0 0 6,976 2,865 4,111 110,246 (430) 113,927 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 84 U.S. Census Bureau Table 22.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 312, Total Assets $25 Million and Over Beverage and Tobacco Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 2,046 6,240 138 0 7,331 2,185 721 1,721 1,115 2,241 19,549 43,289 15,351 24,645 24,480 36,288 144,053 39,571 102,739 (4,528) (901) 60,475 76,405 220,457 (2,356) 1,954 5,169 235 0 8,712 3,165 854 2,828 1,115 1,967 23,109 49,109 14,430 24,711 24,352 35,867 148,469 39,295 107,386 (4,158) (939) 60,326 81,258 229,727 (4,934) 2,076 5,821 117 0 9,138 1,974 718 2,479 367 1,952 24,433 49,075 13,364 24,093 24,698 36,128 147,359 39,534 108,639 (2,757) (896) 60,575 83,945 231,304 (3,750) 2,529 8,411 146 0 7,812 1,463 541 2,574 366 2,157 17,775 43,774 14,441 24,016 25,030 33,173 140,433 41,308 110,683 (1,885) (959) 61,273 87,874 228,307 302 1,853 6,957 130 0 10,733 2,761 531 2,584 1,455 1,613 18,841 47,459 16,015 23,126 25,357 32,722 144,679 41,912 113,927 (2,646) (1,213) 62,215 89,766 234,445 (1,288) 4,166 1,739 26 5,931 0 217 97 0 0 1,806 8,051 6 10,225 10,230 14,226 8,425 40,932 73,679 2,598 37,065 39,213 0 140,312 220,457 2Q 2004 3Q 2004 (million dollars) 5,192 1,065 30 6,287 0 939 222 0 0 835 8,282 6 11,106 11,112 15,539 9,241 44,175 73,061 2,531 36,789 38,803 0 146,749 229,727 3,703 2,187 30 5,920 0 683 360 0 0 1,207 8,169 6 10,870 10,876 15,021 11,259 45,326 73,339 2,542 36,924 38,957 0 147,022 231,304 3,212 1,841 27 5,079 0 579 342 0 0 785 6,786 5 11,367 11,371 14,977 10,942 44,076 73,818 2,590 37,494 38,914 0 145,318 228,307 3,509 2,778 32 6,319 0 859 468 0 0 1,276 8,922 6 12,218 12,224 15,028 9,996 46,170 74,925 2,639 38,438 39,126 0 149,148 234,445 4Q 2004 1Q 2005 2Q 2005 85 U.S. Census Bureau Table 23.0—Income Statement For Corporations in NAICS Manufacturing Subsectors 313 and 314, Total Assets $25 Million and Over Textile Mills and Textile Product Mills Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10.08 6.63 4.24 2.79 10.33 6.18 4.47 2.67 5.31 4.31 2.42 1.96 11.13 9.12 5.00 4.10 14.11 10.09 6.49 4.64 100.0 3.5 91.4 5.1 1.7 0.0 0.2 (0.5) 0.1 3.2 1.1 2.1 100.0 3.4 92.3 4.3 1.6 0.0 0.7 (0.1) 0.0 3.3 1.3 2.0 (percent) 100.0 3.8 92.9 3.3 1.7 0.0 0.4 0.5 (0.7) 1.8 0.3 1.5 100.0 3.7 91.1 5.3 1.6 0.0 0.4 (0.7) 0.5 3.9 0.7 3.2 100.0 3.2 90.3 6.5 1.5 0.0 0.3 (1.0) 0.3 4.7 1.3 3.3 9,512 330 8,696 486 159 0 18 (47) 6 305 76 28 200 0 0 200 33 167 7,684 (31) 7,820 9,480 323 8,751 406 151 0 71 (10) 1 317 109 19 190 0 0 190 40 150 8,088 41 8,279 9,229 348 8,575 306 160 0 39 43 (60) 168 28 4 136 0 0 136 63 73 7,994 124 8,191 8,765 320 7,981 464 139 0 39 (65) 42 341 54 7 279 (3) 0 276 142 134 7,668 16 7,817 9,278 300 8,374 604 141 1 29 (89) 30 434 117 7 311 0 0 311 209 102 8,069 (58) 8,112 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 86 U.S. Census Bureau Table 23.1—Balance Sheet For Corporations in NAICS Manufacturing Subsectors 313 and 314, Total Assets $25 Million and Over Textile Mills and Textile Product Mills Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 955 0 110 0 2,493 188 12 580 155 138 2,080 6,712 3,602 617 2,994 2,695 16,620 5,523 7,820 (76) (78) 1,101 12,088 28,708 5,297 752 0 101 0 2,395 178 4 482 159 734 2,130 6,934 3,601 564 2,423 2,555 16,077 5,277 8,279 (55) (21) 1,203 12,277 28,354 5,423 662 0 84 0 2,288 100 (6) 482 159 642 1,976 6,387 3,443 594 2,383 2,319 15,126 5,632 8,191 28 (51) 1,142 12,658 27,784 5,548 604 1 83 0 2,274 136 (8) 458 159 671 1,999 6,377 3,257 1,174 2,106 2,080 14,995 5,536 7,817 (5) (112) 991 12,245 27,239 5,890 623 1 118 0 2,316 160 (7) 276 8 632 2,080 6,207 3,061 1,178 2,079 1,936 14,461 5,394 8,112 (42) (173) 976 12,314 26,776 5,770 539 64 18 622 67 17 0 0 0 104 810 50 4,195 4,245 5,989 965 12,008 23,207 294 15,066 8,435 829 7,435 28,708 2Q 2004 3Q 2004 (million dollars) 613 70 16 700 202 10 0 339 5 99 1,355 41 4,062 4,104 5,781 1,119 12,358 23,049 301 14,992 8,358 464 7,174 28,354 507 52 0 559 244 0 51 407 6 78 1,346 60 3,751 3,811 5,603 1,175 11,934 22,140 269 14,100 8,309 405 7,135 27,784 433 11 0 444 195 0 49 466 3 252 1,409 82 3,974 4,056 5,776 1,026 12,266 21,319 251 13,740 7,829 393 6,751 27,239 578 69 1 648 222 0 11 448 0 190 1,519 75 3,860 3,935 5,480 1,042 11,977 20,819 239 13,201 7,857 336 6,606 26,776 4Q 2004 1Q 2005 2Q 2005 87 U.S. Census Bureau Table 24.0—Income Statement For Corporations in NAICS Manufacturing Subsectors 315 and 316, Total Assets $25 Million and Over Apparel and Leather Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24.77 17.91 12.48 9.02 35.66 26.27 17.92 13.20 29.91 20.85 15.51 10.81 26.29 18.20 13.65 9.44 23.16 16.57 12.05 8.63 100.0 2.1 88.6 9.3 1.6 0.0 1.1 (0.1) 1.1 9.9 2.7 7.1 100.0 1.8 86.8 11.5 1.4 0.0 0.7 (0.1) 1.7 12.4 3.3 9.2 (percent) 100.0 1.9 87.1 11.0 1.4 0.0 0.9 (0.4) 1.6 11.6 3.5 8.1 100.0 2.0 88.3 9.7 1.5 0.2 0.6 (0.1) 1.9 10.9 3.3 7.5 100.0 2.0 88.8 9.1 1.5 0.1 0.5 0.0 1.7 9.9 2.8 7.1 15,551 332 13,772 1,447 250 5 163 (8) 175 1,533 381 44 1,108 0 0 1,108 279 829 17,667 (149) 18,348 18,084 324 15,690 2,071 248 8 130 (25) 313 2,249 530 63 1,656 0 0 1,656 355 1,301 17,325 (106) 18,519 17,043 316 14,852 1,875 238 1 148 (76) 265 1,976 519 80 1,377 0 (2) 1,375 446 928 18,488 13 19,430 16,583 332 14,637 1,614 251 27 107 (10) 315 1,803 490 66 1,248 0 0 1,248 402 846 19,396 (604) 19,638 16,534 332 14,690 1,512 253 14 77 6 281 1,637 413 52 1,172 0 0 1,172 350 822 20,335 (316) 20,841 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 88 U.S. Census Bureau Table 24.1—Balance Sheet For Corporations in NAICS Manufacturing Subsectors 315 and 316, Total Assets $25 Million and Over Apparel and Leather Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1,259 40 400 0 3,826 435 (34) 445 9 130 4,678 11,189 3,190 2,968 2,655 4,396 24,398 10,787 18,348 (164) (618) 3,595 24,758 49,156 13,606 1,649 40 268 0 4,149 693 (46) 264 139 413 4,561 12,130 3,670 3,045 2,390 3,733 24,968 11,220 18,519 (1) (753) 3,762 25,223 50,191 13,423 692 40 155 0 4,118 510 (19) 344 139 419 4,679 11,077 3,501 3,873 2,369 3,698 24,518 11,621 19,430 43 (816) 3,862 26,417 50,934 13,915 865 40 208 0 4,004 686 (24) 202 139 453 4,769 11,342 3,568 3,522 2,978 4,005 25,415 12,348 19,638 (57) (852) 3,650 27,427 52,842 14,873 908 0 421 0 4,146 504 28 157 361 350 5,116 11,992 3,649 4,352 1,917 4,150 26,061 12,460 20,841 (92) (862) 4,071 28,276 54,337 14,799 3,772 0 89 3,861 220 0 346 0 0 401 4,828 164 7,453 7,617 9,728 2,622 24,795 15,493 363 8,866 6,991 0 17,371 49,156 2Q 2004 3Q 2004 (million dollars) 3,138 0 72 3,209 236 0 127 0 0 299 3,871 135 9,024 9,159 9,997 2,527 25,553 15,119 341 9,029 6,431 0 18,206 50,191 3,525 240 67 3,832 298 223 482 0 0 308 5,143 120 7,774 7,894 9,725 2,230 24,992 15,281 359 9,047 6,593 0 19,350 50,934 3,278 271 83 3,632 349 176 186 0 0 363 4,708 177 8,468 8,645 10,332 2,530 26,215 15,594 361 9,297 6,658 0 19,970 52,842 3,551 271 87 3,909 332 145 73 0 0 395 4,854 242 8,018 8,260 11,148 2,529 26,791 15,592 369 9,177 6,785 64 20,697 54,337 4Q 2004 1Q 2005 2Q 2005 89 U.S. Census Bureau Table 25.0—Income Statement For Corporations in NAICS Manufacturing Subsector 322, Total Assets $25 Million and Over Paper Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.01 10.64 4.65 3.53 17.72 11.78 5.88 3.90 1.64 2.41 0.55 0.81 9.97 7.82 3.41 2.67 15.58 10.78 5.37 3.71 100.0 5.2 87.7 7.2 3.3 0.0 0.2 0.0 1.4 5.5 1.3 4.2 100.0 5.2 86.7 8.0 3.1 0.6 0.6 (0.1) 0.9 6.9 2.3 4.6 (percent) 100.0 6.2 89.6 4.2 3.6 0.0 0.6 (1.4) 0.8 0.7 (0.3) 1.0 100.0 5.2 88.4 6.4 3.1 0.2 0.1 (0.2) 0.8 4.2 0.9 3.3 100.0 5.1 84.4 10.6 2.6 1.0 0.1 0.2 (2.8) 6.5 2.0 4.5 37,404 1,933 32,796 2,675 1,233 4 81 18 513 2,058 421 73 1,563 49 0 1,612 712 900 27,339 (174) 28,065 37,648 1,967 32,654 3,027 1,181 236 213 (27) 332 2,601 834 38 1,729 21 0 1,750 649 1,101 27,620 (185) 28,536 34,171 2,124 30,614 1,433 1,242 13 216 (468) 282 235 (144) 35 345 0 0 345 968 (623) 27,692 (62) 27,007 34,348 1,781 30,355 2,212 1,061 55 24 (52) 267 1,444 268 43 1,133 0 0 1,133 715 419 26,985 321 27,725 34,757 1,758 29,319 3,680 916 363 36 67 (967) 2,262 638 59 1,565 2 0 1,568 749 819 27,387 (31) 28,174 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 90 U.S. Census Bureau Table 25.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 322, Total Assets $25 Million and Over Paper Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1,054 174 940 0 9,050 654 195 1,377 1,486 1,043 10,544 26,516 18,627 36,514 10,380 26,385 118,422 41,590 28,065 (1,031) (3,702) 6,161 58,762 177,184 8,330 1,207 651 846 0 8,916 575 296 1,326 1,756 1,469 11,187 28,230 19,098 35,180 9,522 26,329 118,359 41,284 28,536 (721) (3,769) 6,622 58,708 177,066 8,854 652 526 1,036 12 8,591 428 271 701 841 815 10,398 24,270 19,699 32,557 9,519 26,275 112,319 39,608 27,007 (566) (1,801) 7,038 57,210 169,529 10,673 844 824 1,104 12 8,552 676 224 662 1,087 771 10,024 24,782 20,295 31,495 9,213 25,794 111,578 40,374 27,725 (470) (2,364) 7,311 57,954 169,532 9,464 722 515 837 0 8,551 770 256 788 1,029 1,131 10,277 24,876 19,260 31,511 9,035 25,890 110,572 40,226 28,174 (571) (2,256) 7,509 58,065 168,637 10,545 931 263 3 1,197 0 0 676 94 0 777 2,744 4 13,682 13,686 13,529 4,887 34,846 138,004 10,479 71,406 77,077 0 65,261 177,184 2Q 2004 3Q 2004 (million dollars) 1,042 227 9 1,278 0 0 1,208 93 0 1,535 4,115 4 13,992 13,996 13,461 5,512 37,084 136,223 10,336 71,420 75,140 0 64,843 177,066 1,341 1,009 10 2,360 0 0 983 82 0 725 4,150 5 12,344 12,349 12,754 5,691 34,944 130,722 9,992 67,947 72,767 0 61,819 169,529 1,125 239 10 1,374 0 4 371 80 0 480 2,309 4 13,209 13,213 13,254 5,469 34,245 130,167 9,915 68,704 71,379 0 63,908 169,532 1,083 790 9 1,882 0 0 590 94 0 963 3,529 5 13,308 13,314 13,247 5,331 35,421 129,124 9,833 68,155 70,801 0 62,415 168,637 4Q 2004 1Q 2005 2Q 2005 91 U.S. Census Bureau Table 26.0—Income Statement For Corporations in NAICS Manufacturing Subsector 323, Total Assets $25 Million and Over Printing and Related Support Activities Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11.25 4.36 3.27 1.27 20.67 17.35 6.06 5.09 20.21 16.61 6.02 4.94 13.75 8.96 3.95 2.58 19.22 15.51 5.39 4.35 100.0 4.8 88.0 7.3 2.6 0.0 (0.1) (1.2) (0.3) 3.0 1.9 1.2 100.0 4.4 87.0 8.5 2.5 0.0 0.0 (0.6) 0.1 5.5 0.9 4.6 (percent) 100.0 4.2 87.3 8.6 2.5 0.0 (0.8) (0.6) 0.3 5.0 0.9 4.1 100.0 4.4 87.7 7.9 2.6 0.0 (0.3) (0.6) (0.9) 3.6 1.2 2.3 100.0 4.5 87.0 8.6 2.8 0.0 (0.7) (0.4) 0.4 5.1 1.0 4.1 8,059 384 7,090 584 209 1 (7) (98) (26) 245 132 18 95 2 0 97 48 50 3,514 (121) 3,442 8,536 379 7,428 729 217 0 2 (52) 5 468 64 11 393 (4) 0 388 166 223 3,334 19 3,575 (percent of net sales) 9,378 391 8,183 804 236 0 (72) (55) 30 471 83 1 387 0 0 387 96 291 3,528 7 3,826 8,876 388 7,785 704 235 0 (26) (49) (77) 317 103 7 206 0 0 207 205 1 3,790 19 3,810 8,815 393 7,667 756 250 0 (65) (31) 37 446 80 6 360 0 0 360 100 260 3,777 (68) 3,968 4Q 2004 1Q 2005 2Q 2005 92 U.S. Census Bureau Table 26.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 323, Total Assets $25 Million and Over Printing and Related Support Activities Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 637 441 13 0 2,135 256 7 369 0 75 4,654 8,587 3,477 2,078 3,746 3,346 21,235 7,280 3,442 (130) (143) 1,725 8,725 29,960 214 151 914 148 0 2,294 326 9 359 2 70 4,233 8,507 3,487 2,087 3,502 4,228 21,810 7,424 3,575 (109) (129) 1,708 9,053 30,863 159 165 264 158 0 2,576 246 11 363 41 111 5,106 9,042 3,551 2,613 3,614 3,173 21,993 7,381 3,826 (73) (53) 1,761 9,320 31,314 978 269 259 173 0 2,358 304 11 361 43 97 4,532 8,405 3,936 2,619 4,148 3,731 22,840 7,505 3,810 (64) (53) 1,982 9,215 32,055 1,217 264 291 107 0 2,140 108 5 342 41 93 4,805 8,197 4,389 2,620 4,708 3,903 23,817 7,363 3,968 (83) 41 1,999 9,291 33,108 713 600 39 0 639 0 0 16 26 0 67 748 4 4,964 4,968 1,993 1,092 8,801 20,799 286 12,255 8,831 0 12,328 29,960 2Q 2004 3Q 2004 (million dollars) 624 48 0 672 0 0 23 17 0 3 715 4 5,002 5,006 2,048 896 8,666 20,960 273 12,495 8,738 0 13,459 30,863 1,135 61 0 1,196 0 0 12 44 0 31 1,283 4 5,795 5,799 2,062 877 10,020 21,331 272 12,660 8,943 0 12,351 31,314 773 35 0 807 0 0 13 29 0 173 1,021 1 5,524 5,525 2,145 931 9,622 21,612 272 12,912 8,972 0 13,460 32,055 743 20 0 763 0 0 13 8 0 149 934 27 4,938 4,965 2,164 847 8,910 22,126 331 13,250 9,207 0 14,991 33,108 4Q 2004 1Q 2005 2Q 2005 93 U.S. Census Bureau Table 27.0—Income Statement For Corporations in NAICS Manufacturing Subsector 324, Total Assets $25 Million and Over Petroleum and Coal Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35.23 27.56 16.68 13.05 32.27 25.89 15.03 12.06 37.81 30.66 18.37 14.89 36.62 28.99 17.33 13.72 37.50 29.66 18.08 14.30 100.0 2.3 89.1 8.6 0.6 0.0 (0.6) 0.1 4.7 12.2 2.7 9.6 100.0 2.4 90.3 7.3 0.9 0.0 (0.6) 0.1 5.1 11.0 2.2 8.8 (percent) 100.0 2.4 89.7 7.9 0.6 0.4 (0.5) 0.3 5.8 13.2 2.5 10.7 100.0 2.2 90.4 7.4 0.6 0.0 (0.7) 0.0 6.7 12.8 2.7 10.1 100.0 1.8 91.0 7.2 0.6 0.1 (0.4) 0.2 4.7 11.3 2.4 8.9 191,583 4,394 170,703 16,487 1,242 28 (1,119) 249 9,061 23,464 4,640 470 18,355 0 0 18,355 7,103 11,252 203,036 (76) 214,212 197,376 4,821 178,165 14,390 1,695 44 (1,184) 201 10,012 21,769 3,915 391 17,462 0 0 17,462 7,617 9,845 212,858 (61) 222,643 207,009 4,991 185,735 16,284 1,226 737 (1,090) 619 11,945 27,268 4,183 977 22,108 0 0 22,108 7,664 14,444 223,559 182 238,186 207,063 4,605 187,204 15,254 1,249 36 (1,405) 54 13,804 26,495 4,845 673 20,976 0 0 20,976 13,691 7,285 238,183 (75) 245,393 253,079 4,524 230,215 18,340 1,452 130 (977) 555 12,016 28,612 5,307 675 22,630 0 0 22,630 3,788 18,842 245,708 398 264,948 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 94 U.S. Census Bureau Table 27.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 324, Total Assets $25 Million and Over Petroleum and Coal Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 244 1,908 560 0 41,999 6,534 787 149 5,341 1,252 28,022 86,796 3,308 40,668 48,844 116,750 296,367 92,541 214,212 203 (193) 40,389 266,373 562,740 22,715 206 1,914 368 0 47,987 4,265 758 273 3,587 3,334 35,474 98,165 3,295 40,391 50,028 117,497 309,377 92,883 222,643 1,620 (3,184) 44,147 269,815 579,192 23,561 120 1,619 785 0 49,115 4,754 852 381 1,880 3,391 31,589 94,486 2,799 40,070 50,078 117,879 305,312 93,551 238,186 4,808 (44) 48,031 288,470 593,782 32,748 184 1,557 1,110 0 50,480 6,397 1,282 339 1,632 3,258 36,381 102,620 2,793 40,561 50,434 125,632 322,040 94,042 245,393 2,814 (931) 51,925 289,393 611,433 28,616 202 1,492 2,118 0 58,083 3,934 797 317 1,808 3,169 40,194 112,113 2,818 40,147 52,852 119,996 327,927 95,387 264,948 2,102 (511) 56,757 305,170 633,097 31,996 6,334 296 5,618 12,248 18 36 47 0 0 13,349 25,698 79 48,614 48,693 20,602 14,518 109,512 328,384 32,327 178,178 182,533 20 270,675 562,740 2Q 2004 3Q 2004 (million dollars) 7,411 3,237 7,609 18,257 13 65 0 0 0 13,138 31,472 99 52,104 52,203 21,396 16,655 121,726 327,573 31,441 176,976 182,038 20 275,408 579,192 10,493 2,078 10,018 22,589 5 76 0 198 0 13,526 36,394 87 55,386 55,473 19,420 15,947 127,234 329,221 31,503 178,281 182,443 38 284,067 593,782 10,597 2,237 10,506 23,340 2 455 177 170 0 14,417 38,562 74 52,930 53,004 22,040 17,631 131,236 338,903 31,139 182,346 187,696 56 292,445 611,433 10,877 2,795 9,790 23,462 4 916 130 155 0 13,672 38,339 96 59,184 59,280 24,994 21,497 144,110 340,834 30,760 182,732 188,862 39 300,087 633,097 4Q 2004 1Q 2005 2Q 2005 95 U.S. Census Bureau Table 28.0—Income Statement For Corporations in NAICS Manufacturing Subsector 325, Total Assets $25 Million and Over Chemicals Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.33 14.41 8.01 5.67 24.07 18.76 9.64 7.51 17.21 13.53 6.81 5.36 25.25 20.28 10.12 8.13 22.57 17.50 9.10 7.06 100.0 3.8 90.0 6.2 2.6 0.4 2.3 (0.3) 7.6 13.7 4.0 9.7 100.0 3.9 87.9 8.2 2.5 0.9 2.9 (0.1) 7.4 16.8 3.7 13.1 (percent) 100.0 3.7 90.6 5.6 2.7 0.9 1.5 0.8 5.6 11.6 2.5 9.1 100.0 3.7 86.0 10.4 2.7 0.8 1.2 (0.3) 7.4 16.8 3.3 13.5 100.0 3.6 87.3 9.1 2.6 1.1 0.3 (0.4) 7.4 14.9 3.4 11.6 138,173 5,233 124,351 8,589 3,552 581 3,221 (467) 10,515 18,888 5,029 476 13,383 1 0 13,384 9,494 3,889 218,869 (5,583) 217,175 136,951 5,321 120,343 11,286 3,467 1,300 3,930 (69) 10,072 23,053 4,750 333 17,969 30 0 17,999 6,094 11,905 216,874 (2,286) 226,493 143,805 5,354 130,358 8,094 3,913 1,226 2,102 1,135 8,083 16,727 3,035 538 13,154 7 0 13,162 10,564 2,598 225,884 (3,318) 225,164 149,618 5,513 128,605 15,500 4,007 1,260 1,833 (521) 11,081 25,146 4,327 621 20,198 0 0 20,197 10,233 9,964 223,160 (5,827) 227,298 151,974 5,507 132,698 13,769 3,987 1,701 530 (585) 11,274 22,701 4,588 508 17,606 0 0 17,605 10,182 7,424 225,256 (1,785) 230,895 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 96 U.S. Census Bureau Table 28.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 325, Total Assets $25 Million and Over Chemicals Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 5,578 27,543 13,164 13 38,274 10,550 1,844 2,235 10,650 6,859 99,124 215,834 32,743 74,346 76,257 172,717 571,897 301,594 217,175 (5,369) (21,156) 120,634 371,611 943,508 (3,495) 6,238 24,243 11,818 13 38,067 13,989 1,988 2,049 9,719 7,214 98,458 213,796 32,282 80,038 73,556 174,137 573,809 305,624 226,493 (4,182) (20,393) 124,477 383,066 956,875 1,819 6,737 22,736 12,668 13 40,990 12,615 1,981 2,048 9,458 9,134 104,996 223,377 31,532 86,562 70,533 181,151 593,156 309,938 225,164 3,369 (19,593) 130,063 388,815 981,970 (2,076) 7,748 23,576 12,872 10 40,604 13,879 2,590 2,986 9,074 8,847 102,289 224,475 31,686 84,286 72,934 181,964 595,345 317,987 227,298 1,825 (18,215) 130,532 398,362 993,708 10,497 6,174 22,950 12,738 15 41,519 13,362 3,474 2,151 8,067 9,769 104,518 224,737 31,187 83,201 74,308 181,821 595,254 322,223 230,895 (344) (18,415) 132,024 402,334 997,588 12,289 24,849 3,762 152 28,762 257 1,088 2,468 560 386 6,132 39,654 163 68,820 68,983 58,193 45,509 212,339 353,859 8,417 188,427 173,849 1,527 555,793 943,508 2Q 2004 3Q 2004 (million dollars) 25,599 4,273 144 30,016 259 1,097 2,845 528 375 6,509 41,630 125 67,543 67,668 58,189 48,128 215,615 351,294 8,389 188,392 171,291 1,418 568,551 956,875 25,734 4,008 253 29,996 331 2,726 2,781 1,226 376 6,921 44,357 105 67,768 67,873 63,009 46,061 221,300 353,623 7,608 186,505 174,726 2,099 583,846 981,970 23,765 8,145 2,341 34,252 335 2,308 3,352 1,105 370 6,713 48,434 90 73,349 73,439 66,234 46,865 234,972 356,398 7,680 189,334 174,743 1,316 582,677 993,708 25,407 6,960 2,398 34,765 397 2,196 3,044 673 417 6,649 48,140 111 74,743 74,855 65,015 49,016 237,026 355,912 7,705 190,206 173,412 1,532 585,618 997,588 4Q 2004 1Q 2005 2Q 2005 97 U.S. Census Bureau Table 29.0—Income Statement For Corporations in NAICS Manufacturing Industry Groups 3251 and 3252, Total Assets $25 Million and Over Basic Chemicals, Resins, and Synthetics1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 42,427 2,055 38,826 1,547 1,566 85 (375) (515) 3,090 2,266 764 33 1,469 (8) 0 1,461 1,104 357 26,055 (126) 26,287 41,507 2,208 38,071 1,228 1,550 671 97 (421) 2,062 2,087 261 (34) 1,861 3 0 1,864 1,474 390 25,861 (52) 26,199 43,554 1,991 41,228 335 1,632 151 94 (510) 2,184 622 (255) (24) 901 5 0 906 1,102 (196) 26,736 (177) 26,363 49,027 2,082 43,046 3,899 1,674 298 (801) (83) 3,387 5,028 1,282 146 3,600 0 0 3,600 1,148 2,451 26,958 (397) 29,012 49,318 2,077 43,361 3,881 1,650 603 (1,308) (127) 3,818 5,216 1,520 146 3,550 0 0 3,550 1,224 2,326 28,525 (57) 30,794 (percent of net sales) 100.0 4.8 91.5 3.6 3.7 0.2 (0.9) (1.2) 7.3 5.3 1.9 3.5 100.0 5.3 91.7 3.0 3.7 1.6 0.2 (1.0) 5.0 5.0 0.5 4.5 (percent) 100.0 4.6 94.7 0.8 3.7 0.3 0.2 (1.2) 5.0 1.4 (0.6) 2.1 100.0 4.2 87.8 8.0 3.4 0.6 (1.6) (0.2) 6.9 10.3 2.9 7.3 100.0 4.2 87.9 7.9 3.3 1.2 (2.7) (0.3) 7.7 10.6 3.4 7.2 15.45 10.02 3.70 2.40 14.31 12.76 3.37 3.01 4.10 5.93 0.99 1.43 30.90 22.12 7.79 5.58 29.85 20.32 8.02 5.46 Included in Chemicals. 98 U.S. Census Bureau Table 29.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Groups 3251 and 3252, Total Assets $25 Million and Over Basic Chemicals, Resins, and Synthetics1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 3,704 1,496 87 5,287 0 91 31 40 0 1,226 6,675 135 23,882 24,017 19,267 12,691 62,650 161,696 3,384 97,912 67,167 28 114,783 244,629 4,140 1,426 99 5,665 0 227 69 48 0 1,318 7,327 104 23,130 23,234 20,182 12,963 63,705 160,099 3,332 98,052 65,379 16 118,610 247,710 4,393 1,034 88 5,516 0 325 125 44 0 1,596 7,606 84 23,384 23,468 21,600 12,626 65,300 161,912 3,410 96,559 68,764 8 117,548 251,620 4,165 1,199 517 5,882 0 389 50 29 0 1,242 7,593 71 25,910 25,981 22,634 12,184 68,391 162,874 3,392 98,023 68,243 9 121,441 258,085 3,955 748 515 5,219 0 615 44 21 0 1,292 7,191 86 25,716 25,802 22,450 12,210 67,652 162,162 3,422 98,024 67,560 11 124,920 260,144 1,311 3,321 3,066 13 15,618 2,644 371 918 1,485 2,738 24,393 55,878 13,880 22,305 27,491 66,404 185,957 56,632 26,287 (2,426) (5,606) 16,215 58,672 244,629 6,772 2,355 4,093 2,666 13 15,523 2,917 408 798 1,155 2,682 26,213 58,823 13,733 22,471 26,343 68,010 189,380 56,350 26,199 (2,287) (5,517) 16,416 58,329 247,710 4,882 2,231 803 2,731 13 16,496 2,714 378 747 741 2,806 27,387 57,046 13,161 25,203 25,419 70,053 190,883 57,522 26,363 (1,709) (5,544) 15,895 60,736 251,620 8,254 2,262 4,238 2,527 10 16,770 2,765 373 1,062 1,618 3,170 25,510 60,305 12,652 23,796 26,339 69,909 192,999 58,290 29,012 (2,063) (4,518) 15,636 65,086 258,085 8,087 2,039 4,292 2,571 15 16,259 3,342 416 834 1,326 3,396 25,309 59,799 12,509 22,786 24,783 70,368 190,244 61,908 30,794 (2,412) (4,620) 15,772 69,900 260,144 7,853 Included in Chemicals. 99 U.S. Census Bureau Table 30.0—Income Statement For Corporations in NAICS Manufacturing Industry Group 3254, Total Assets $25 Million and Over Pharmaceuticals and Medicines1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 57,428 1,778 52,543 3,108 985 118 3,695 206 5,842 11,983 2,858 355 8,771 0 0 8,771 6,862 1,909 137,040 (3,621) 135,329 58,762 1,885 50,993 5,884 885 50 3,511 (26) 6,091 14,624 3,041 214 11,369 0 0 11,369 3,247 8,121 135,487 (1,727) 141,882 64,016 1,984 56,688 5,345 1,031 185 2,078 (2,394) 4,000 8,183 2,636 474 5,073 0 0 5,073 7,187 (2,114) 139,428 (2,055) 135,259 63,075 2,084 53,127 7,864 1,120 249 2,607 (137) 6,379 15,842 1,933 361 13,547 0 0 13,547 6,709 6,838 132,882 (3,844) 135,876 61,883 2,102 53,926 5,855 1,043 214 1,818 (161) 5,960 12,641 1,890 299 10,452 0 0 10,452 7,233 3,220 134,205 (355) 137,070 (percent of net sales) 100.0 3.1 91.5 5.4 1.7 0.2 6.4 0.4 10.2 20.9 5.6 15.3 100.0 3.2 86.8 10.0 1.5 0.1 6.0 0.0 10.4 24.9 5.5 19.3 (percent) 100.0 3.1 88.6 8.3 1.6 0.3 3.2 (3.7) 6.2 12.8 4.9 7.9 100.0 3.3 84.2 12.5 1.8 0.4 4.1 (0.2) 10.1 25.1 3.6 21.5 100.0 3.4 87.1 9.5 1.7 0.3 2.9 (0.3) 9.6 20.4 3.5 16.9 20.80 15.22 10.11 7.40 24.37 18.95 12.12 9.43 13.61 8.44 6.60 4.09 25.61 21.90 12.66 10.83 20.41 16.88 10.10 8.35 Included in Chemicals. 100 U.S. Census Bureau Table 30.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Group 3254, Total Assets $25 Million and Over Pharmaceuticals and Medicines1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 18,162 1,714 51 19,927 257 997 2,142 242 386 3,434 27,384 8 25,945 25,953 23,269 20,984 97,591 111,690 2,508 46,433 67,764 1,499 307,241 474,095 17,873 2,204 39 20,116 259 871 2,597 403 375 2,835 27,456 10 26,738 26,748 22,360 22,350 98,914 111,246 2,560 45,506 68,300 1,402 313,874 482,489 17,920 2,417 14 20,351 331 2,401 2,123 597 376 3,247 29,426 12 27,436 27,448 25,153 21,929 103,956 114,138 2,533 46,886 69,786 2,091 320,358 496,190 16,494 6,408 1,799 24,701 335 1,918 2,813 525 370 4,008 34,670 13 28,579 28,592 26,552 23,003 112,817 115,531 2,576 47,717 70,390 1,307 315,832 500,347 18,524 5,794 1,831 26,149 397 1,572 2,666 559 417 4,126 35,886 14 28,414 28,428 25,877 23,884 114,075 114,771 2,564 48,019 69,316 1,522 315,731 500,643 1,071 14,381 1,405 0 11,621 4,101 784 351 7,079 2,990 56,753 100,535 6,512 32,061 30,978 73,511 243,597 173,274 135,329 698 (11,551) 67,252 230,498 474,095 (2,944) 1,986 13,068 1,716 0 12,015 6,666 883 399 5,082 3,412 54,876 100,103 6,555 34,486 29,007 72,323 242,475 177,673 141,882 1,302 (10,773) 70,070 240,015 482,489 (1,189) 2,211 13,739 2,633 0 13,032 6,205 822 157 5,591 3,139 59,951 107,480 6,229 36,290 29,709 75,938 255,646 181,842 135,259 6,658 (10,882) 72,332 240,544 496,190 (3,524) 2,972 10,915 3,041 0 12,075 7,416 958 368 4,221 2,540 58,739 103,246 6,422 36,067 30,641 76,545 252,921 188,486 135,876 6,272 (10,844) 72,364 247,426 500,347 9,571 1,686 10,907 2,701 0 12,440 6,321 870 359 4,067 2,881 60,364 102,597 6,187 35,460 32,417 76,246 252,907 189,166 137,070 5,250 (10,813) 72,937 247,736 500,643 11,478 Included in Chemicals. 101 U.S. Census Bureau Table 31.0—Income Statement For Corporations in NAICS Manufacturing Industry Groups 3253, 3255, 3256, and 3259, Total Assets $25 Million and Over All Other Chemicals1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 38,318 1,400 32,983 3,935 1,001 378 (99) (158) 1,583 4,639 1,407 88 3,143 9 0 3,152 1,529 1,623 55,773 (1,836) 55,560 36,682 1,229 31,279 4,175 1,032 579 323 378 1,920 6,342 1,449 153 4,740 28 0 4,767 1,373 3,394 55,526 (507) 58,412 36,235 1,379 32,442 2,414 1,250 891 (71) 4,039 1,900 7,922 653 89 7,181 3 0 7,183 2,275 4,908 59,721 (1,086) 63,542 37,516 1,347 32,432 3,737 1,213 712 27 (302) 1,315 4,276 1,112 114 3,051 0 0 3,051 2,376 675 63,321 (1,586) 62,410 40,772 1,328 35,411 4,033 1,294 884 20 (297) 1,496 4,843 1,178 63 3,603 0 0 3,603 1,725 1,878 62,525 (1,373) 63,030 (percent of net sales) 100.0 3.7 86.1 10.3 2.6 1.0 (0.3) (0.4) 4.1 12.1 3.9 8.2 100.0 3.4 85.3 11.4 2.8 1.6 0.9 1.0 5.2 17.3 4.4 12.9 (percent) 100.0 3.8 89.5 6.7 3.4 2.5 (0.2) 11.1 5.2 21.9 2.0 19.8 100.0 3.6 86.4 10.0 3.2 1.9 0.1 (0.8) 3.5 11.4 3.3 8.1 100.0 3.3 86.8 9.9 3.2 2.2 0.0 (0.7) 3.7 11.9 3.0 8.8 22.51 15.25 8.25 5.59 29.94 22.38 11.19 8.36 36.20 32.81 13.53 12.27 19.92 14.22 7.27 5.19 22.87 17.01 8.18 6.09 Included in Chemicals. 102 U.S. Census Bureau Table 31.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Groups 3253, 3255, 3256, and 3259, Total Assets $25 Million and Over All Other Chemicals1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 2,983 552 13 3,549 0 0 296 278 0 1,473 5,595 19 18,994 19,013 15,657 11,833 52,098 80,473 2,525 44,081 38,917 0 133,769 224,785 3,587 642 6 4,235 0 0 178 77 0 2,357 6,847 10 17,676 17,686 15,648 12,815 52,996 79,949 2,497 44,834 37,612 0 136,068 226,676 3,420 557 151 4,129 0 0 533 585 0 2,078 7,325 10 16,948 16,957 16,256 11,506 52,044 77,572 1,664 43,060 36,176 0 145,940 234,160 3,107 538 24 3,669 0 0 489 551 0 1,462 6,171 6 18,860 18,866 17,048 11,678 53,763 77,992 1,712 43,594 36,110 0 145,403 235,276 2,928 419 51 3,397 0 9 333 93 0 1,231 5,063 12 20,612 20,624 16,689 12,922 55,299 78,978 1,719 44,162 36,535 0 144,967 236,802 3,196 9,840 8,693 0 11,035 3,805 689 966 2,086 1,131 17,978 59,421 12,351 19,980 17,788 32,803 142,343 71,689 55,560 (3,641) (3,999) 37,167 82,441 224,785 (7,323) 1,897 7,082 7,436 0 10,529 4,406 698 851 3,482 1,120 17,369 54,870 11,993 23,080 18,206 33,804 141,954 71,601 58,412 (3,197) (4,103) 37,991 84,722 226,676 (1,874) 2,295 8,194 7,305 0 11,461 3,696 781 1,144 3,126 3,189 17,659 58,850 12,141 25,069 15,406 35,160 146,626 70,575 63,542 (1,580) (3,167) 41,837 87,534 234,160 (6,806) 2,514 8,424 7,304 0 11,759 3,697 1,259 1,556 3,234 3,136 18,040 60,924 12,613 24,423 15,955 35,511 149,425 71,211 62,410 (2,384) (2,853) 42,533 85,851 235,276 (7,161) 2,450 7,750 7,466 0 12,820 3,699 2,188 958 2,674 3,492 18,844 62,341 12,491 24,954 17,108 35,208 152,102 71,150 63,030 (3,182) (2,983) 43,315 84,699 236,802 (7,042) Included in Chemicals. 103 U.S. Census Bureau Table 32.0—Income Statement For Corporations in NAICS Manufacturing Subsector 326, Total Assets $25 Million and Over Plastics and Rubber Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.04 9.41 3.29 2.21 15.84 9.61 3.66 2.22 13.89 13.28 3.49 3.34 10.29 9.00 2.52 2.20 15.71 12.08 3.85 2.96 100.0 3.8 89.9 6.3 2.2 0.0 0.5 (0.9) (0.5) 3.1 1.0 2.1 100.0 3.7 90.9 5.4 2.2 0.0 1.2 (1.9) 1.0 3.5 1.4 2.2 (percent) 100.0 3.9 91.3 4.8 2.3 0.0 0.6 (0.4) 0.6 3.4 0.1 3.2 100.0 3.6 92.1 4.3 2.4 0.0 0.3 (0.3) 0.7 2.5 0.3 2.2 100.0 3.6 91.3 5.1 2.4 0.0 0.5 (0.2) 0.6 3.5 0.8 2.7 27,351 1,052 24,580 1,719 602 6 133 (257) (138) 861 269 14 577 1 (5) 573 301 272 8,618 (103) 8,787 27,213 1,012 24,724 1,477 600 4 317 (506) 273 966 331 49 586 2 2 589 258 331 8,614 (88) 8,857 27,625 1,084 25,211 1,331 640 5 162 (103) 178 932 21 21 891 (1) 3 893 364 528 9,386 927 10,841 27,159 989 25,005 1,164 661 10 75 (80) 177 686 65 21 600 8 0 607 223 384 10,231 (39) 10,576 29,369 1,053 26,814 1,502 696 6 138 (71) 163 1,042 209 31 801 5 (2) 804 283 521 11,756 (106) 12,171 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 104 U.S. Census Bureau Table 32.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 326, Total Assets $25 Million and Over Plastic and Rubber Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1,487 187 130 51 8,138 437 40 1,649 777 810 9,833 23,541 17,607 8,606 10,524 19,891 80,169 22,915 8,787 (1,618) (2,790) 2,758 24,536 104,705 14,586 2,542 167 186 58 8,443 503 25 1,743 839 879 9,937 25,322 16,607 8,762 10,509 19,810 81,011 22,647 8,857 (1,452) (2,872) 2,803 24,376 105,387 13,895 2,484 172 200 103 8,598 368 95 1,508 946 930 10,010 25,415 16,422 9,559 8,102 20,451 79,949 23,324 10,841 (940) (3,443) 2,941 26,842 106,791 13,912 2,893 172 182 103 8,848 452 125 2,387 1,140 944 9,563 26,809 16,745 9,374 8,365 21,029 82,322 23,589 10,576 (1,047) (3,406) 3,054 26,658 108,980 13,530 2,759 0 93 107 9,180 352 29 2,256 373 1,480 9,889 26,520 16,352 9,516 8,277 21,085 81,750 22,335 12,171 (1,284) (3,440) 3,263 26,519 108,269 13,807 3,125 95 155 3,375 9 19 533 89 0 368 4,393 89 13,464 13,553 13,227 6,954 38,127 65,235 1,112 38,032 28,314 0 38,264 104,705 2Q 2004 3Q 2004 (million dollars) 4,037 25 142 4,204 18 0 620 53 0 333 5,227 81 13,684 13,765 13,595 6,631 39,218 64,022 1,108 37,357 27,773 0 38,396 105,387 5,189 8 138 5,335 17 1 419 94 0 294 6,159 83 13,082 13,165 13,659 6,343 39,327 63,599 1,105 37,178 27,527 0 39,937 106,791 4,311 12 119 4,443 8 1 322 94 0 451 5,319 104 13,777 13,881 15,135 6,004 40,339 66,277 1,061 39,438 27,899 0 40,742 108,980 3,635 16 157 3,808 0 1 349 75 0 392 4,624 108 14,349 14,457 15,296 5,950 40,327 66,923 1,104 39,928 28,099 0 39,843 108,269 4Q 2004 1Q 2005 2Q 2005 105 U.S. Census Bureau Table 33.0—Income Statement For Corporations in NAICS Manufacturing Subsector 321, Total Assets $25 Million and Over Wood Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 37.67 28.47 14.50 10.95 35.75 27.50 14.07 10.82 18.79 14.04 6.83 5.11 21.16 15.05 7.84 5.58 23.88 14.84 8.15 5.07 100.0 3.0 84.4 12.5 1.9 0.0 1.5 (0.3) 1.3 13.1 3.2 9.9 100.0 3.2 84.9 11.9 1.8 0.0 1.1 (0.2) 0.3 11.3 2.6 8.7 (percent) 100.0 3.1 88.9 8.0 2.5 0.0 0.7 0.3 0.1 6.7 1.7 5.0 100.0 3.3 87.4 9.3 2.4 0.0 0.5 0.0 0.1 7.6 2.2 5.4 100.0 2.9 89.0 8.1 2.2 0.0 1.2 0.2 0.0 7.4 2.8 4.6 11,037 336 9,317 1,384 210 3 163 (37) 144 1,446 324 29 1,092 0 0 1,092 195 898 10,854 (36) 11,716 11,150 358 9,463 1,329 195 4 121 (27) 31 1,263 255 36 971 0 0 971 175 796 10,530 (31) 11,295 10,206 316 9,077 813 254 4 76 33 7 679 159 12 507 0 0 507 216 292 11,110 (57) 11,344 10,671 353 9,322 996 251 4 54 5 7 815 210 25 579 0 0 579 128 451 12,135 (174) 12,413 12,620 363 11,231 1,026 277 4 157 22 6 938 316 39 583 0 0 583 296 287 12,647 (50) 12,884 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 106 U.S. Census Bureau Table 33.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 321, Total Assets $25 Million and Over Wood Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 529 2 86 0 4,033 172 9 496 29 217 2,300 7,873 2,874 2,192 2,515 9,090 24,543 4,518 11,716 (22) (21) 841 15,348 39,892 13,529 606 0 84 0 3,172 234 27 525 205 204 2,415 7,472 2,941 1,930 2,617 6,819 21,778 3,698 11,295 21 (50) 837 14,127 35,905 9,779 618 0 97 0 2,433 183 18 227 196 168 2,640 6,581 2,906 1,795 2,720 11,278 25,279 3,641 11,344 63 193 793 14,450 39,729 13,175 1,046 0 101 0 2,392 215 43 398 189 158 2,305 6,848 3,240 1,744 2,808 11,496 26,137 3,630 12,413 40 99 782 15,400 41,536 13,804 809 0 186 0 2,931 263 22 377 212 297 2,374 7,469 2,998 1,773 5,256 12,816 30,312 3,434 12,884 34 166 811 15,707 46,019 16,809 1,532 47 0 1,578 5 199 8,032 10 4 822 10,651 0 3,409 3,409 4,537 2,804 21,402 17,218 5,625 10,439 12,404 0 6,086 39,892 2Q 2004 3Q 2004 (million dollars) 1,890 61 0 1,951 6 188 4,419 9 4 665 7,242 0 3,359 3,359 4,525 2,125 17,251 16,973 5,647 10,324 12,296 0 6,358 35,905 1,696 66 12 1,774 5 221 8,385 8 4 776 11,173 0 2,674 2,674 4,437 1,472 19,756 17,282 5,742 10,397 12,627 0 7,346 39,729 1,333 110 13 1,456 2 185 8,407 11 4 934 11,000 0 3,222 3,222 4,998 1,432 20,653 19,108 5,872 11,678 13,302 27 7,555 41,536 1,592 107 13 1,712 2 206 9,703 9 4 941 12,577 0 4,237 4,237 5,676 1,788 24,278 24,445 5,892 16,196 14,141 23 7,577 46,019 4Q 2004 1Q 2005 2Q 2005 107 U.S. Census Bureau Table 34.0—Income Statement For Corporations in NAICS Manufacturing Subsector 327, Total Assets $25 Million and Over Nonmetallic Mineral Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23.05 15.62 7.52 5.10 (4.37) (23.41) (1.36) (7.32) 15.28 10.08 4.91 3.24 (44.29) (48.61) (12.57) (13.80) 32.00 21.79 9.32 6.35 100.0 5.2 84.0 10.9 2.6 0.0 0.1 0.1 1.3 9.8 3.2 6.7 100.0 4.4 83.5 12.1 2.3 0.2 0.6 (0.6) (11.5) (1.5) 6.7 (8.3) (percent) 100.0 5.5 85.8 8.7 2.7 0.1 1.0 (2.0) 1.4 6.5 2.2 4.3 100.0 5.8 88.8 5.4 2.9 0.1 0.7 (23.4) 1.6 (18.4) 1.8 (20.2) 100.0 4.7 83.6 11.7 2.4 0.1 0.1 (0.4) 2.0 11.1 3.5 7.5 20,283 1,050 17,031 2,202 520 8 21 12 269 1,991 594 47 1,350 0 0 1,350 176 1,174 349 40 1,563 23,580 1,033 19,683 2,864 553 39 136 (146) (2,703) (364) 1,302 287 (1,954) 0 0 (1,954) 321 (2,275) 2,163 (96) (208) 20,169 1,102 17,304 1,762 541 11 211 (411) 280 1,313 360 86 866 (4) 0 863 489 374 (591) (128) (345) 18,395 1,068 16,335 992 533 17 136 (4,296) 292 (3,391) 337 (6) (3,723) 36 0 (3,687) 311 (3,998) (233) (191) (4,422) 23,282 1,092 19,457 2,733 565 23 26 (96) 455 2,575 717 104 1,753 0 0 1,754 398 1,356 (5,030) (15) (3,689) 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 108 U.S. Census Bureau Table 34.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 327, Total Assets $25 Million and Over Nonmetallic Mineral Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 903 90 1,030 0 6,329 853 130 497 634 696 6,722 17,885 10,139 6,600 14,010 22,722 71,356 33,333 1,563 285 382 1,010 34,553 105,908 6,920 985 87 958 0 6,420 915 119 355 633 594 9,143 20,209 9,854 6,570 14,255 22,565 73,453 33,631 (208) 531 462 1,033 33,383 106,836 6,062 833 74 529 0 6,543 783 91 481 513 986 9,503 20,337 8,422 7,834 13,712 22,266 72,571 34,134 (345) 1,267 306 978 34,385 106,956 5,590 930 156 547 0 6,209 878 72 478 507 1,218 9,203 20,198 8,824 7,829 13,538 26,867 77,255 34,650 (4,422) 1,094 299 990 30,633 107,888 6,680 904 165 572 0 6,926 1,222 74 410 196 896 8,593 19,958 10,782 7,177 13,454 26,988 78,359 35,712 (3,689) 856 289 985 32,183 110,542 9,945 3,401 570 0 3,971 45 3 7 0 0 227 4,255 1 9,974 9,975 7,687 2,889 24,805 64,819 9,452 32,351 41,919 1 39,183 105,908 2Q 2004 3Q 2004 (million dollars) 3,502 582 0 4,084 57 2 7 35 0 518 4,703 1 10,973 10,975 7,782 2,813 26,272 66,063 8,928 32,867 42,124 1 38,439 106,836 4,180 722 10 4,913 57 4 8 38 0 599 5,619 1 9,510 9,512 7,877 2,919 25,927 66,323 8,873 33,041 42,155 0 38,874 106,956 3,682 681 11 4,374 41 4 11 68 0 585 5,083 1 9,896 9,897 8,731 3,166 26,877 67,524 9,134 34,007 42,651 0 38,360 107,888 4,160 1,177 23 5,360 65 1 12 72 0 610 6,121 1 11,844 11,845 8,864 3,074 29,903 68,313 9,241 34,455 43,099 2 37,539 110,542 4Q 2004 1Q 2005 2Q 2005 109 U.S. Census Bureau Table 35.0—Income Statement For Corporations in NAICS Manufacturing Subsector 331, Total Assets $25 Million and Over Primary Metals Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31.39 24.69 11.59 9.12 30.78 22.65 12.11 8.91 24.86 22.51 10.19 9.23 29.20 21.24 12.16 8.85 30.18 22.41 12.56 9.33 100.0 3.1 88.0 8.9 1.6 0.1 0.4 0.1 2.2 10.1 2.1 7.9 100.0 3.0 86.7 10.2 1.3 0.1 0.2 (1.2) 2.5 10.5 2.8 7.7 (percent) 100.0 3.0 88.8 8.2 1.5 0.3 (0.2) (0.6) 3.1 9.3 0.9 8.4 100.0 3.0 86.8 10.2 1.4 0.1 0.3 0.0 1.6 10.9 3.0 7.9 100.0 2.9 87.6 9.5 1.4 0.1 1.2 0.4 1.4 11.2 2.9 8.3 41,979 1,307 36,956 3,716 669 41 152 47 939 4,226 856 47 3,324 (19) 0 3,304 361 2,943 18,422 45 21,410 42,581 1,288 36,936 4,357 567 33 93 (502) 1,046 4,460 1,075 104 3,282 5 0 3,286 480 2,807 22,327 (230) 24,904 41,387 1,249 36,757 3,381 636 124 (69) (232) 1,279 3,846 276 88 3,482 2 10 3,494 659 2,834 26,036 (812) 28,058 44,420 1,322 38,565 4,533 618 39 151 (2) 720 4,822 1,207 108 3,507 11 0 3,518 443 3,075 29,110 (568) 31,617 45,911 1,330 40,208 4,373 662 66 569 170 646 5,162 1,226 104 3,832 6 0 3,838 633 3,205 30,491 (146) 33,550 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 110 U.S. Census Bureau Table 35.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 331, Total Assets $25 Million and Over Primary Metals Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1,477 489 484 0 12,092 751 412 798 1,097 2,492 11,306 31,398 7,581 15,471 10,562 26,980 91,993 42,243 21,410 (403) (3,945) 5,455 53,849 145,842 17,845 1,250 124 477 0 12,536 775 52 890 1,211 2,449 11,804 31,567 6,578 14,781 10,385 26,022 89,334 41,710 24,904 (168) (3,445) 5,043 57,958 147,291 20,587 1,375 123 404 0 12,219 528 351 927 609 2,268 11,329 30,132 6,471 14,360 10,306 27,810 89,079 40,685 28,058 518 (2,356) 5,028 61,878 150,957 22,340 1,619 133 454 0 14,258 1,287 282 758 590 2,089 11,862 33,331 6,934 13,857 10,623 27,791 92,536 41,544 31,617 410 (2,383) 5,138 66,049 158,586 25,906 1,606 118 322 0 14,610 1,378 235 825 658 2,136 12,401 34,289 7,322 14,339 11,944 28,046 95,940 42,565 33,550 312 (2,624) 5,392 68,411 164,351 28,158 2,884 482 589 3,955 577 13 653 0 0 962 6,161 33 19,197 19,230 19,321 4,531 49,243 99,581 4,767 54,390 49,957 13 46,628 145,842 2Q 2004 3Q 2004 (million dollars) 3,556 1,340 210 5,107 786 6 1,290 0 0 814 8,003 24 19,612 19,637 20,081 4,434 52,155 98,176 4,747 53,845 49,078 13 46,045 147,291 2,975 1,202 282 4,459 791 152 1,124 0 0 1,208 7,734 29 18,320 18,349 21,538 4,851 52,472 99,057 4,778 54,289 49,547 14 48,924 150,957 2,963 1,329 272 4,564 1,177 127 1,277 16 0 1,033 8,195 27 23,311 23,339 23,004 4,700 59,237 101,119 4,826 56,382 49,563 44 49,741 158,586 3,314 1,894 206 5,413 1,178 24 2,136 17 0 868 9,636 24 23,946 23,970 24,055 4,786 62,447 104,473 4,739 56,989 52,222 59 49,623 164,351 4Q 2004 1Q 2005 2Q 2005 111 U.S. Census Bureau Table 36.0—Income Statement For Corporations in NAICS Manufacturing Industry Groups 3311 and 3312, Total Assets $25 Million and Over Iron, Steel, and Ferroalloys1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 22,303 626 19,275 2,402 341 11 35 (9) 216 2,313 593 25 1,695 (19) 0 1,676 160 1,517 1,137 96 2,749 23,820 614 20,051 3,154 259 13 41 (148) 389 3,191 812 76 2,304 0 0 2,304 159 2,144 3,634 (66) 5,712 22,732 597 19,553 2,582 279 14 26 (341) 324 2,325 83 50 2,192 0 21 2,213 330 1,883 6,383 (11) 8,255 24,119 607 20,600 2,913 246 12 77 (6) 269 3,018 804 94 2,120 0 0 2,120 196 1,924 8,534 (211) 10,247 24,296 603 21,223 2,470 282 12 66 (39) 155 2,382 604 78 1,700 0 0 1,700 302 1,398 8,638 (149) 9,886 (percent of net sales) 100.0 2.8 86.4 10.8 1.5 0.0 0.2 0.0 1.0 10.4 2.8 7.6 100.0 2.6 84.2 13.2 1.1 0.1 0.2 (0.6) 1.6 13.4 3.7 9.7 (percent) 100.0 2.6 86.0 11.4 1.2 0.1 0.1 (1.5) 1.4 10.2 0.6 9.6 100.0 2.5 85.4 12.1 1.0 0.0 0.3 0.0 1.1 12.5 3.7 8.8 100.0 2.5 87.4 10.2 1.2 0.0 0.3 (0.2) 0.6 9.8 2.8 7.0 57.80 42.37 16.33 11.97 65.51 47.30 21.45 15.49 41.08 38.73 15.05 14.19 48.40 34.00 18.70 13.13 37.16 26.52 14.05 10.03 Included in Primary Metals. 112 U.S. Census Bureau Table 36.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Groups 3311 and 3312, Total Assets $25 Million and Over Iron, Steel, and Ferroalloys1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 1,475 82 541 2,098 382 13 177 0 0 484 3,154 0 9,291 9,291 10,556 1,828 24,830 46,758 1,063 24,359 23,462 0 8,377 56,669 2,102 1,100 165 3,367 622 6 444 0 0 385 4,824 0 9,741 9,741 11,573 1,829 27,967 46,010 1,077 23,866 23,221 0 8,320 59,508 1,810 889 162 2,861 703 152 453 0 0 498 4,668 0 8,944 8,944 12,806 2,097 28,515 45,945 1,075 23,947 23,072 0 10,217 61,804 2,031 1,030 154 3,215 1,084 127 466 16 0 469 5,377 0 10,247 10,247 13,666 2,069 31,359 47,036 1,067 24,832 23,270 0 9,920 64,550 2,121 1,108 160 3,389 1,084 24 371 16 0 445 5,329 0 10,434 10,434 14,341 2,162 32,267 50,013 1,166 25,060 26,118 0 9,429 67,814 387 0 248 0 6,593 282 230 243 368 170 4,722 13,243 2,999 4,713 6,732 12,974 40,662 17,483 2,749 (38) (2,780) 1,408 16,007 56,669 11,587 394 0 243 0 7,143 340 (128) 355 377 282 5,029 14,035 2,740 4,396 6,645 12,209 40,023 17,378 5,712 (21) (2,576) 1,010 19,484 59,508 13,932 474 0 151 0 6,679 238 178 327 385 237 4,624 13,292 2,611 4,259 6,367 12,634 39,164 16,556 8,255 14 (1,147) 1,037 22,640 61,804 15,223 594 0 179 0 6,861 418 61 362 402 259 5,103 14,239 2,822 3,789 6,617 12,143 39,610 16,852 10,247 30 (1,086) 1,103 24,940 64,550 17,121 521 0 101 0 6,864 330 41 379 408 422 5,501 14,566 3,099 3,821 8,330 12,358 42,175 18,165 9,886 1 (1,105) 1,309 25,639 67,814 17,701 Included in Primary Metals. 113 U.S. Census Bureau Table 37.0—Income Statement For Corporations in NAICS Manufacturing Industry Groups 3313 and 3314, Total Assets $25 Million and Over Nonferrous Metals1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 16,367 573 14,714 1,080 243 29 63 65 704 1,698 229 14 1,455 (1) 0 1,455 192 1,263 15,024 (70) 16,217 15,549 570 13,886 1,093 243 20 8 (77) 642 1,443 228 25 1,190 5 0 1,195 300 895 16,223 (111) 17,007 15,321 555 13,936 830 301 109 (102) 125 932 1,594 192 24 1,377 2 0 1,379 328 1,051 17,485 (776) 17,760 16,535 600 14,641 1,294 306 26 78 (14) 432 1,511 353 11 1,146 11 0 1,158 192 965 18,160 (319) 18,805 17,302 603 15,219 1,480 297 53 512 164 472 2,384 540 23 1,820 6 0 1,827 234 1,593 19,044 103 20,739 (percent of net sales) 100.0 3.5 89.9 6.6 1.5 0.2 0.4 0.4 4.3 10.4 1.5 8.9 100.0 3.7 89.3 7.0 1.6 0.1 0.1 (0.5) 4.1 9.3 1.6 7.7 (percent) 100.0 3.6 91.0 5.4 2.0 0.7 (0.7) 0.8 6.1 10.4 1.4 9.0 100.0 3.6 88.5 7.8 1.8 0.2 0.5 (0.1) 2.6 9.1 2.2 6.9 100.0 3.5 88.0 8.6 1.7 0.3 3.0 0.9 2.7 13.8 3.3 10.5 20.10 17.22 8.72 7.47 16.60 13.69 7.49 6.18 17.89 15.46 8.13 7.02 16.44 12.47 7.33 5.56 25.04 19.13 11.33 8.65 Included in Primary Metals. 114 U.S. Census Bureau Table 37.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Groups 3313 and 3314, Total Assets $25 Million and Over Nonferrous Metals1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 1,208 400 48 1,656 191 0 476 0 0 97 2,419 33 7,998 8,030 7,052 2,461 19,963 46,362 3,532 26,597 23,297 0 34,670 77,930 1,177 240 45 1,462 165 0 846 0 0 33 2,506 24 7,939 7,963 6,828 2,361 19,658 45,870 3,498 26,599 22,769 0 34,577 77,004 940 313 120 1,373 88 0 671 0 0 35 2,166 29 7,485 7,514 6,941 2,492 19,114 46,621 3,527 26,590 23,558 0 35,754 78,426 658 298 119 1,076 93 0 812 0 0 161 2,141 27 10,881 10,908 7,330 2,342 22,721 46,648 3,555 27,130 23,072 0 36,626 82,420 912 786 45 1,743 89 0 1,765 0 0 72 3,669 24 11,129 11,154 7,562 2,283 24,667 46,467 3,362 27,120 22,710 0 36,798 84,175 993 489 222 0 4,425 413 149 247 678 2,273 5,673 15,562 2,525 9,873 3,482 12,693 44,135 22,230 16,217 (372) (1,048) 3,232 33,795 77,930 4,401 743 124 220 0 4,255 425 149 215 789 2,144 5,870 14,933 1,837 9,501 3,433 12,534 42,239 21,892 17,007 (153) (766) 3,215 34,765 77,004 4,725 740 123 239 0 4,421 293 147 260 175 2,009 5,737 14,143 1,856 9,253 3,665 13,879 42,796 21,630 17,760 480 (1,104) 3,136 35,629 78,426 4,971 771 133 260 0 6,191 834 203 299 139 1,808 5,770 16,406 1,973 9,220 3,687 14,368 45,653 21,929 18,805 343 (1,182) 3,129 36,766 82,420 6,315 825 118 208 0 6,468 992 175 296 204 1,700 5,845 16,831 1,888 9,666 3,352 14,365 46,102 21,639 20,739 275 (1,403) 3,178 38,074 84,175 7,836 Included in Primary Metals. 115 U.S. Census Bureau Table 38.0—Income Statement For Corporations in NAICS Manufacturing Industry Group 3315, Total Assets $25 Million and Over Foundries1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 3,310 108 2,967 234 84 0 54 (8) 19 215 34 7 173 0 0 173 9 164 2,261 19 2,444 3,211 103 2,998 110 65 1 44 (278) 15 (174) 35 4 (212) 0 0 (212) 20 (232) 2,470 (53) 2,185 3,335 97 3,269 (31) 56 1 6 (15) 22 (73) 1 14 (88) 0 (10) (98) 2 (100) 2,167 (24) 2,043 3,766 115 3,324 327 67 1 (5) 18 19 294 50 2 241 0 0 241 55 186 2,417 (38) 2,564 4,313 124 3,766 423 82 2 (8) 45 19 397 82 3 312 0 0 312 97 215 2,810 (100) 2,924 (percent of net sales) 100.0 3.3 89.7 7.1 2.5 0.0 1.6 (0.3) 0.6 6.5 1.3 5.2 100.0 3.2 93.4 3.4 2.0 0.0 1.4 (8.7) 0.5 (5.4) 1.2 (6.6) (percent) 100.0 2.9 98.0 (0.9) 1.7 0.0 0.2 (0.5) 0.7 (2.2) 0.4 (2.6) 100.0 3.1 88.3 8.7 1.8 0.0 (0.1) 0.5 0.5 7.8 1.4 6.4 100.0 2.9 87.3 9.8 1.9 0.0 (0.2) 1.0 0.4 9.2 2.0 7.2 21.23 17.12 7.64 6.16 (18.74) (22.89) (6.44) (7.87) (8.08) (9.70) (2.72) (3.26) 27.04 22.24 10.11 8.31 33.77 26.56 12.83 10.09 Included in Primary Metals. 116 U.S. Census Bureau Table 38.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Group 3315, Total Assets $25 Million and Over Foundries1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 202 0 0 202 4 0 0 0 0 381 587 0 1,908 1,908 1,713 242 4,450 6,462 171 3,434 3,199 13 3,582 11,243 277 1 0 277 0 0 0 0 0 396 674 0 1,932 1,932 1,680 244 4,530 6,297 172 3,380 3,088 13 3,148 10,780 225 0 0 225 0 0 0 0 0 675 900 0 1,891 1,891 1,791 263 4,844 6,492 176 3,752 2,917 14 2,953 10,727 274 0 0 274 0 0 0 0 0 403 677 0 2,184 2,184 2,008 288 5,157 7,435 204 4,419 3,220 44 3,195 11,616 282 0 0 282 5 0 0 0 0 351 638 0 2,382 2,382 2,152 341 5,513 7,993 211 4,809 3,395 59 3,395 12,362 97 0 14 0 1,074 55 33 308 51 50 911 2,592 2,057 885 348 1,313 7,196 2,530 2,444 6 (117) 816 4,048 11,243 1,857 113 0 14 0 1,138 10 32 320 44 23 906 2,600 2,001 884 307 1,279 7,072 2,439 2,185 6 (104) 819 3,708 10,780 1,930 161 0 14 0 1,119 (3) 26 340 50 22 969 2,698 2,003 848 274 1,296 7,119 2,499 2,043 25 (104) 855 3,608 10,727 2,146 255 0 16 0 1,205 36 18 96 49 23 989 2,687 2,139 848 319 1,280 7,273 2,762 2,564 37 (115) 905 4,343 11,616 2,470 260 0 14 0 1,278 55 19 150 47 15 1,054 2,892 2,335 852 263 1,322 7,664 2,760 2,924 36 (117) 905 4,698 12,362 2,621 Included in Primary Metals. 117 U.S. Census Bureau Table 39.0—Income Statement For Corporations in NAICS Manufacturing Subsector 332, Total Assets $25 Million and Over Fabricated Metal Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.42 16.17 9.33 6.73 19.42 15.26 8.09 6.36 19.67 14.67 8.46 6.32 18.92 13.66 7.85 5.66 24.68 17.95 10.23 7.44 100.0 2.8 87.7 9.5 2.0 0.2 0.1 0.0 1.5 9.3 2.6 6.7 100.0 2.8 87.6 9.6 2.2 0.1 0.3 (1.5) 1.7 8.0 1.7 6.3 (percent) 100.0 2.9 89.1 8.0 2.0 0.7 0.7 (0.1) 1.4 8.6 2.2 6.4 100.0 2.9 88.9 8.2 1.8 0.2 0.1 0.2 1.1 8.0 2.2 5.8 100.0 2.8 87.6 9.6 1.8 0.3 0.0 0.1 1.6 9.8 2.7 7.1 30,376 847 26,632 2,898 599 51 17 (8) 457 2,816 714 71 2,031 0 0 2,031 586 1,445 32,460 (138) 33,767 30,843 865 27,003 2,975 674 20 95 (455) 520 2,482 476 55 1,950 0 0 1,950 466 1,484 34,102 0 35,586 30,511 892 27,189 2,430 609 199 227 (42) 426 2,630 609 58 1,962 (1) 0 1,961 687 1,274 35,339 (159) 36,455 31,042 914 27,597 2,531 550 56 44 59 344 2,484 614 78 1,793 0 0 1,793 791 1,002 36,404 (86) 37,319 34,001 935 29,802 3,264 610 97 2 22 548 3,323 826 81 2,416 0 0 2,416 625 1,791 37,790 (357) 39,224 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 118 U.S. Census Bureau Table 39.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 332, Total Assets $25 Million and Over Fabricated Metal Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1,502 872 607 233 8,930 1,227 28 582 307 545 10,508 25,343 12,849 7,189 10,176 14,974 70,532 26,958 33,767 10 (2,628) 7,856 50,252 120,784 14,321 1,419 923 579 240 9,236 1,374 13 596 258 484 10,902 26,023 12,490 7,170 10,166 15,707 71,557 26,789 35,586 64 (2,436) 8,893 51,111 122,668 14,876 1,294 902 316 266 9,448 713 (11) 536 14 543 10,528 24,549 12,322 7,489 9,646 16,776 70,782 27,786 36,455 1,015 (2,394) 9,372 53,489 124,272 15,469 1,456 1,815 478 267 9,951 737 47 1,823 32 471 10,331 27,409 12,907 7,434 9,711 16,656 74,116 26,510 37,319 854 (2,495) 9,674 52,514 126,631 13,893 1,477 1,377 385 267 10,482 765 66 2,204 35 486 11,162 28,707 13,197 7,397 9,860 16,961 76,122 26,660 39,224 387 (2,319) 10,093 53,859 129,981 15,252 2,146 376 490 3,012 144 151 539 126 0 1,639 5,611 263 16,027 16,290 13,349 4,414 39,663 52,412 1,700 30,776 23,336 4 57,780 120,784 2Q 2004 3Q 2004 (million dollars) 2,666 373 683 3,722 408 23 671 148 0 684 5,656 205 16,797 17,002 13,899 4,342 40,899 52,793 1,438 30,853 23,378 5 58,385 122,668 2,799 365 341 3,505 1,010 29 576 139 0 543 5,802 206 15,535 15,741 14,269 4,207 40,019 53,374 1,443 31,088 23,730 8 60,515 124,272 2,548 321 255 3,124 683 15 240 137 0 505 4,704 219 16,927 17,146 15,191 4,262 41,302 54,423 1,454 31,793 24,084 7 61,237 126,631 2,908 717 269 3,894 684 17 222 20 0 571 5,409 220 18,352 18,572 15,705 4,274 43,959 56,091 1,474 33,024 24,541 2 61,479 129,981 4Q 2004 1Q 2005 2Q 2005 119 U.S. Census Bureau Table 40.0—Income Statement For Corporations in NAICS Manufacturing Subsector 333, Total Assets $25 Million and Over Machinery Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.89 14.99 7.19 5.71 16.25 12.37 6.24 4.75 13.21 10.05 5.17 3.94 11.30 9.25 4.51 3.69 16.13 12.93 6.45 5.17 100.0 2.9 88.9 8.2 2.0 0.1 0.5 (0.1) 1.9 8.6 1.8 6.8 100.0 2.7 89.6 7.6 1.8 0.0 0.6 (0.3) 1.5 7.7 1.8 5.8 (percent) 100.0 2.7 91.7 5.5 1.9 0.0 0.5 0.1 2.3 6.4 1.5 4.9 100.0 2.8 91.5 5.7 2.0 0.0 0.2 (0.1) 1.9 5.8 1.1 4.7 100.0 2.5 90.0 7.5 1.9 0.1 0.0 (0.2) 2.1 7.6 1.5 6.1 60,328 1,730 53,636 4,961 1,196 39 305 (86) 1,174 5,197 1,045 27 4,125 0 (8) 4,117 996 3,121 40,477 (339) 43,258 58,729 1,604 52,639 4,486 1,084 14 356 (166) 903 4,509 1,003 74 3,432 6 (20) 3,417 591 2,827 45,796 (204) 48,419 59,634 1,630 54,711 3,292 1,139 23 282 32 1,345 3,835 703 215 2,917 27 3 2,947 1,031 1,916 48,924 (6) 50,834 58,879 1,637 53,873 3,370 1,169 21 122 (56) 1,122 3,410 547 72 2,791 18 0 2,808 636 2,173 50,674 (166) 52,681 65,260 1,617 58,763 4,881 1,230 35 25 (134) 1,391 4,969 885 101 3,982 0 0 3,982 698 3,285 53,374 (169) 56,490 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 120 U.S. Census Bureau Table 40.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 333, Total Assets $25 Million and Over Machinery Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1,935 952 3,163 52 23,522 4,158 217 1,578 1,530 752 41,816 79,675 22,357 14,245 16,930 45,799 179,006 85,635 43,258 (1,635) (3,709) 13,492 110,057 289,063 29,918 3,006 1,591 2,277 73 22,479 4,096 155 1,236 1,446 781 42,712 79,852 22,392 14,252 17,552 43,855 177,902 80,746 48,419 (1,375) (3,337) 13,437 111,016 288,918 34,649 1,909 1,386 3,125 80 24,329 4,097 306 1,563 1,315 813 40,472 79,395 23,043 14,993 16,531 46,388 180,351 81,107 50,834 (185) (2,262) 13,403 116,090 296,441 35,626 2,468 1,810 3,424 63 25,555 4,180 231 1,680 768 762 39,475 80,417 23,159 15,778 16,601 45,661 181,616 83,644 52,681 (154) (1,792) 13,666 120,713 302,329 38,072 2,939 2,292 3,357 75 26,066 4,171 227 1,957 1,068 769 42,183 85,103 23,814 15,024 16,603 44,454 184,999 83,469 56,490 (723) (1,891) 14,116 123,228 308,227 35,201 8,036 2,880 311 11,227 4 986 2,620 446 22 3,996 19,301 378 34,924 35,302 30,073 24,917 109,593 86,292 1,934 50,901 37,325 847 141,298 289,063 2Q 2004 3Q 2004 (million dollars) 7,801 3,755 393 11,949 4 1,056 2,654 337 25 4,317 20,342 449 37,442 37,891 31,186 25,082 114,501 84,714 1,887 50,155 36,446 835 137,137 288,918 10,246 4,264 351 14,861 4 1,157 2,700 240 16 4,254 23,232 482 36,365 36,847 31,377 23,566 115,021 86,122 1,904 50,887 37,139 609 143,672 296,441 8,962 4,381 378 13,720 4 1,133 2,548 220 6 4,457 22,089 529 38,325 38,854 33,992 23,554 118,489 87,134 1,901 52,005 37,029 709 146,102 302,329 9,046 2,828 380 12,254 4 873 2,367 182 1 4,665 20,346 535 40,159 40,694 34,623 24,642 120,305 88,458 1,952 52,741 37,668 977 149,276 308,227 4Q 2004 1Q 2005 2Q 2005 121 U.S. Census Bureau Table 41.0—Income Statement For Corporations in NAICS Manufacturing Subsector 334, Total Assets $25 Million and Over Computer and Electronic Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.83 10.56 8.56 6.09 13.21 9.89 7.66 5.73 15.87 11.62 9.25 6.77 13.30 9.45 7.77 5.53 15.11 10.86 8.81 6.33 100.0 4.5 89.6 5.9 1.1 0.1 2.4 (0.7) 7.4 14.0 4.0 9.9 100.0 4.4 90.2 5.4 1.2 0.1 2.1 (0.7) 6.5 12.3 3.1 9.2 (percent) 100.0 4.2 89.8 6.0 1.1 0.2 2.1 (0.6) 7.8 14.4 3.9 10.5 100.0 4.4 91.6 4.0 1.1 0.5 1.8 (0.8) 8.4 12.8 3.7 9.1 100.0 4.2 90.0 5.7 1.1 0.2 2.1 1.2 6.2 14.3 4.0 10.3 121,540 5,498 108,887 7,155 1,389 152 2,920 (809) 8,944 16,973 4,619 273 12,082 10 0 12,091 2,439 9,652 (15,305) (3,296) (8,949) 124,543 5,520 112,316 6,707 1,451 143 2,614 (811) 8,145 15,346 3,629 236 11,480 5 0 11,485 2,342 9,144 (6,561) (3,662) (1,079) 132,017 5,571 118,589 7,858 1,430 274 2,816 (787) 10,289 19,020 4,802 293 13,925 0 0 13,925 1,402 12,524 1,371 (6,865) 7,029 124,051 5,436 113,656 4,959 1,314 603 2,266 (958) 10,376 15,932 4,174 433 11,325 0 0 11,326 3,046 8,280 8,742 (11,286) 5,736 127,629 5,414 114,899 7,315 1,381 251 2,697 1,479 7,869 18,230 4,805 320 13,105 0 0 13,105 1,462 11,643 8,938 (4,310) 16,272 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 122 U.S. Census Bureau Table 41.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 334, Total Assets $25 Million and Over Computer and Electronic Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1,431 2,241 4,337 2,169 40,846 10,772 626 1,236 6,299 684 88,066 158,706 16,927 55,909 21,134 82,627 335,304 515,371 (8,949) 2,671 (6,834) 44,532 457,726 793,029 98,699 1,785 3,412 4,857 1,919 43,077 11,908 827 2,676 7,125 657 88,159 166,401 15,935 52,616 20,917 81,309 337,177 516,582 (1,079) 2,471 (6,708) 46,742 464,524 801,702 96,109 1,742 2,925 5,183 2,607 43,771 10,345 980 3,052 6,776 827 91,132 169,341 15,886 52,979 19,735 85,186 343,127 521,998 7,029 4,956 (3,074) 51,651 479,257 822,384 100,351 1,331 2,797 5,706 2,637 42,776 10,982 848 3,409 4,352 755 90,590 166,183 15,723 54,499 20,224 83,873 340,501 529,558 5,736 4,431 (2,788) 57,742 479,196 819,697 96,041 1,553 1,801 5,755 2,486 43,033 10,795 740 3,425 5,273 766 94,531 170,158 15,362 57,470 18,365 83,750 345,106 527,848 16,272 4,543 (2,791) 63,300 482,573 827,679 97,877 48,138 8,613 1,095 57,846 184 6,873 17,447 2,559 38 16,901 101,848 4,481 57,757 62,239 44,452 48,866 257,405 223,622 5,440 139,577 89,485 5,969 440,170 793,029 2Q 2004 3Q 2004 (million dollars) 48,125 8,266 1,916 58,307 352 6,524 20,192 2,759 51 18,054 106,240 4,767 59,025 63,792 46,503 45,976 262,510 225,794 5,357 141,884 89,267 6,004 443,920 801,702 47,174 8,610 2,316 58,099 276 7,810 20,509 3,123 81 19,500 109,398 4,878 61,313 66,191 46,324 47,780 269,692 219,365 5,350 134,947 89,768 5,904 457,020 822,384 42,200 7,381 1,909 51,489 196 7,363 20,291 3,775 42 19,611 102,767 4,998 60,410 65,408 46,523 47,525 262,223 220,684 5,335 136,574 89,445 5,774 462,256 819,697 42,434 8,247 1,945 52,627 42 7,015 20,338 4,102 40 18,588 102,751 4,999 63,916 68,915 46,103 50,266 268,035 221,579 5,388 137,929 89,038 7,096 463,510 827,679 4Q 2004 1Q 2005 2Q 2005 123 U.S. Census Bureau Table 42.0—Income Statement For Corporations in NAICS Manufacturing Industry Group 3341, Total Assets $25 Million and Over Computer and Peripheral Equipment1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 38,052 1,150 35,200 1,702 168 60 783 (310) 3,882 5,948 1,216 21 4,712 0 0 4,712 355 4,357 59,229 (195) 63,391 39,346 1,099 37,747 500 220 33 659 (58) 3,705 4,619 798 14 3,807 0 0 3,807 749 3,058 64,728 246 68,032 43,939 1,125 40,896 1,918 188 10 582 (61) 5,903 8,164 1,536 (19) 6,646 0 0 6,646 381 6,266 67,467 319 74,051 40,346 1,142 39,259 (55) 195 7 516 (41) 4,887 5,119 1,008 55 4,056 0 0 4,056 948 3,108 74,948 (6,483) 71,573 40,869 1,169 38,479 1,220 268 22 765 1,930 3,153 6,822 1,598 47 5,177 0 0 5,177 419 4,758 71,865 (201) 76,423 (percent of net sales) 100.0 3.0 92.5 4.5 0.4 0.2 2.1 (0.8) 10.2 15.6 3.3 12.4 100.0 2.8 95.9 1.3 0.6 0.1 1.7 (0.1) 9.4 11.7 2.1 9.7 (percent) 100.0 2.6 93.1 4.4 0.4 0.0 1.3 (0.1) 13.4 18.6 3.5 15.1 100.0 2.8 97.3 (0.1) 0.5 0.0 1.3 (0.1) 12.1 12.7 2.6 10.1 100.0 2.9 94.2 3.0 0.7 0.1 1.9 4.7 7.7 16.7 4.0 12.7 19.61 15.53 10.50 8.32 15.09 12.44 8.06 6.64 26.16 21.30 13.66 11.12 16.11 12.77 8.55 6.77 21.22 16.10 11.22 8.52 Included in Computer and Electronic Products. 124 U.S. Census Bureau Table 42.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Group 3341, Total Assets $25 Million and Over Computer and Peripheral Equipment1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 7,951 1,565 133 9,649 0 1,242 3,364 50 5 2,340 16,648 801 14,421 15,222 8,345 10,700 50,915 44,708 1,514 27,192 19,030 411 156,300 226,657 8,110 1,111 670 9,891 0 1,386 4,130 31 9 3,632 19,078 961 14,894 15,855 8,995 9,546 53,475 44,900 1,515 27,758 18,658 962 156,107 229,201 8,412 1,791 529 10,732 14 1,529 4,888 105 15 5,844 23,128 1,241 16,909 18,150 9,034 9,031 59,343 45,450 1,543 27,867 19,126 931 159,673 239,074 8,180 527 75 8,783 8 1,478 2,976 120 16 5,666 19,047 883 15,958 16,840 9,007 9,178 54,072 45,500 1,530 28,060 18,970 1,064 165,374 239,480 8,256 937 79 9,272 0 1,446 3,262 645 16 5,030 19,671 838 18,389 19,227 8,939 8,686 56,523 45,517 1,515 28,026 19,006 1,152 166,472 243,154 112 1,465 64 0 14,248 2,681 19 105 4,447 62 24,165 47,367 7,105 18,079 1,587 31,162 105,299 97,060 63,391 1,278 (1,813) 38,558 121,358 226,657 3,548 63 2,697 1,568 0 16,215 2,470 9 1,611 3,984 53 22,496 51,165 5,808 17,274 1,609 30,937 106,792 95,164 68,032 978 (1,702) 40,062 122,409 229,201 2,310 70 2,359 1,816 0 16,909 1,884 31 1,853 3,682 72 25,406 54,081 5,482 19,239 1,595 33,843 114,238 96,321 74,051 912 (1,692) 44,757 124,836 239,074 5,263 95 2,238 2,058 0 15,717 1,895 52 2,098 1,217 57 24,622 50,048 5,217 21,426 1,518 34,210 112,419 105,137 71,573 1,475 (1,720) 49,405 127,061 239,480 4,023 96 1,256 2,041 0 15,740 2,327 5 2,176 2,617 76 24,643 50,978 5,134 22,618 1,510 34,313 114,553 105,643 76,423 1,947 (1,747) 53,664 128,601 243,154 5,545 Included in Computer and Electronic Products. 125 U.S. Census Bureau Table 43.0—Income Statement For Corporations in NAICS Manufacturing Industry Group 3342, Total Assets $25 Million and Over Communications Equipment1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 24,396 786 23,458 152 439 14 1,962 82 1,530 3,301 1,685 (1) 1,617 10 0 1,626 1,337 289 (118,364) (2,009) (120,083) 24,938 827 23,155 957 432 6 1,360 40 1,413 3,344 1,078 20 2,246 5 0 2,251 262 1,988 (119,583) (1,688) (119,283) 26,373 739 24,813 820 407 15 1,593 75 1,212 3,308 1,213 25 2,070 0 0 2,070 261 1,810 (115,253) (4,927) (118,371) 24,514 746 23,204 564 325 18 1,258 246 1,881 3,642 1,059 37 2,546 0 0 2,547 277 2,270 (117,103) (2,135) (116,968) 26,354 699 23,996 1,658 309 19 1,305 262 946 3,882 1,192 26 2,663 0 0 2,663 134 2,529 (115,101) (1,959) (114,531) (percent of net sales) 100.0 3.2 96.2 0.6 1.8 0.1 8.0 0.3 6.3 13.5 6.9 6.6 100.0 3.3 92.8 3.8 1.7 0.0 5.5 0.2 5.7 13.4 4.4 9.0 (percent) 100.0 2.8 94.1 3.1 1.5 0.1 6.0 0.3 4.6 12.5 4.7 7.8 100.0 3.0 94.7 2.3 1.3 0.1 5.1 1.0 7.7 14.9 4.5 10.4 100.0 2.7 91.1 6.3 1.2 0.1 5.0 1.0 3.6 14.7 4.6 10.1 13.86 6.79 7.41 3.63 13.70 9.20 7.34 4.93 13.29 8.31 7.37 4.61 14.84 10.37 8.18 5.72 15.87 10.89 8.78 6.03 Included in Computer and Electronic Products. 126 U.S. Census Bureau Table 43.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Group 3342, Total Assets $25 Million and Over Communications Equipment1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 15,966 1,886 549 18,401 177 2,187 7,708 235 24 7,629 36,361 1,429 14,144 15,573 7,073 8,819 67,826 38,433 815 26,380 12,868 4,300 93,145 178,139 16,496 1,238 880 18,615 190 2,002 9,832 279 24 6,860 37,801 1,501 14,208 15,709 7,672 8,328 69,510 38,771 815 26,484 13,102 3,996 95,665 182,273 13,993 1,035 727 15,755 238 2,718 9,880 302 8 6,091 34,992 1,486 13,856 15,343 7,517 9,278 67,130 30,534 792 19,314 12,012 4,062 96,262 179,467 10,202 921 698 11,822 164 2,179 11,088 387 1 5,503 31,143 1,635 14,441 16,075 7,434 9,622 64,275 30,449 774 19,378 11,845 3,671 98,352 178,143 10,363 918 751 12,031 11 1,803 11,888 443 0 4,336 30,512 1,673 14,909 16,581 7,184 8,916 63,194 29,963 739 19,079 11,622 4,876 97,094 176,787 542 300 1,447 347 7,201 1,039 80 96 315 21 26,854 38,243 358 16,871 7,183 20,251 82,907 218,794 (120,083) (454) (2,417) 607 95,232 178,139 29,583 559 300 398 347 7,521 1,268 125 98 319 38 27,465 38,439 462 16,271 7,861 21,630 84,664 221,106 (119,283) (361) (2,501) 1,353 97,609 182,273 31,070 664 300 446 295 6,952 1,351 99 119 550 90 26,178 37,044 699 14,308 7,144 20,694 79,889 222,359 (118,371) 20 (2,920) 1,511 99,577 179,467 30,087 617 300 539 281 7,101 1,394 86 75 628 84 26,631 37,735 666 13,962 7,217 20,383 79,963 219,935 (116,968) (175) (3,049) 1,563 98,180 178,143 26,540 559 294 473 340 7,357 1,512 88 80 629 192 26,559 38,083 578 13,847 5,614 20,829 78,952 217,591 (114,531) (304) (3,253) 1,669 97,835 176,787 25,110 Included in Computer and Electronic Products. 127 U.S. Census Bureau Table 44.0—Income Statement For Corporations in NAICS Manufacturing Industry Groups 3343 - 3346, Total Assets $25 Million and Over All Other Electronic Products1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 59,091 3,562 50,230 5,300 781 78 176 (582) 3,533 7,724 1,718 252 5,753 0 0 5,753 747 5,006 43,829 (1,092) 47,743 60,259 3,595 51,413 5,251 799 103 594 (793) 3,027 7,383 1,754 202 5,427 0 0 5,427 1,330 4,097 48,293 (2,219) 50,172 61,705 3,706 52,880 5,119 834 249 642 (802) 3,174 7,548 2,053 287 5,209 0 0 5,209 760 4,449 49,157 (2,257) 51,349 59,190 3,548 51,194 4,449 794 579 492 (1,162) 3,608 7,171 2,107 341 4,723 0 0 4,723 1,821 2,902 50,897 (2,667) 51,132 60,406 3,546 52,424 4,436 804 209 627 (712) 3,770 7,526 2,015 246 5,265 0 0 5,265 909 4,356 52,174 (2,150) 54,380 (percent of net sales) 100.0 6.0 85.0 9.0 1.3 0.1 0.3 (1.0) 6.0 13.1 3.3 9.7 100.0 6.0 85.3 8.7 1.3 0.2 1.0 (1.3) 5.0 12.3 3.2 9.0 (percent) 100.0 6.0 85.7 8.3 1.4 0.4 1.0 (1.3) 5.1 12.2 3.8 8.4 100.0 6.0 86.5 7.5 1.3 1.0 0.8 (2.0) 6.1 12.1 4.1 8.0 100.0 5.9 86.8 7.3 1.3 0.3 1.0 (1.2) 6.2 12.5 3.7 8.7 12.81 9.54 7.96 5.93 12.08 8.88 7.57 5.56 11.85 8.18 7.48 5.16 11.29 7.44 7.13 4.70 11.75 8.22 7.38 5.17 Included in Computer and Electronic Products. 128 U.S. Census Bureau Table 44.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Groups 3343 - 3346, Total Assets $25 Million and Over All Other Electronic Products1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 24,220 5,163 414 29,797 7 3,443 6,375 2,274 9 6,932 48,839 2,251 29,192 31,443 29,034 29,348 138,664 140,481 3,111 86,004 57,587 1,258 190,724 388,233 23,519 5,917 366 29,801 162 3,137 6,231 2,450 18 7,562 49,360 2,304 29,923 32,227 29,836 28,102 139,525 142,123 3,027 87,642 57,507 1,046 192,148 390,228 24,769 5,784 1,059 31,612 24 3,563 5,741 2,716 57 7,565 51,277 2,151 30,547 32,698 29,772 29,470 143,218 143,380 3,015 87,766 58,629 912 201,085 403,843 23,817 5,933 1,135 30,885 24 3,706 6,228 3,268 25 8,442 52,577 2,480 30,012 32,492 30,082 28,725 143,876 144,735 3,030 89,136 58,629 1,039 198,530 402,074 23,816 6,393 1,115 31,323 31 3,766 5,188 3,014 24 9,222 52,568 2,488 30,618 33,107 29,979 32,665 148,319 146,099 3,134 90,824 58,409 1,068 199,943 407,738 776 476 2,826 1,821 19,396 7,053 528 1,035 1,536 601 37,047 73,096 9,464 20,958 12,364 31,214 147,098 199,516 47,743 1,847 (2,604) 5,368 241,136 388,233 65,568 1,163 415 2,891 1,572 19,342 8,171 693 967 2,822 565 38,198 76,797 9,665 19,071 11,447 28,741 145,721 200,312 50,172 1,854 (2,505) 5,326 244,507 390,228 62,728 1,008 266 2,922 2,312 19,911 7,110 849 1,080 2,544 665 39,549 78,216 9,705 19,432 10,996 30,649 148,999 203,318 51,349 4,024 1,538 5,384 254,845 403,843 65,001 619 259 3,110 2,356 19,958 7,692 711 1,237 2,507 614 39,337 78,399 9,841 19,111 11,489 29,279 148,119 204,486 51,132 3,130 1,981 6,774 253,955 402,074 65,477 898 251 3,242 2,146 19,936 6,955 647 1,168 2,027 498 43,329 81,098 9,650 21,005 11,241 28,608 151,602 204,614 54,380 2,899 2,210 7,966 256,137 407,738 67,221 Included in Computer and Electronic Products. 129 U.S. Census Bureau Table 45.0—Income Statement For Corporations in NAICS Manufacturing Subsector 335, Total Assets $25 Million and Over Electrical Equipment, Appliances, and Components Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18.97 16.21 9.70 8.29 19.56 17.04 10.20 8.88 21.59 20.10 11.01 10.25 18.29 15.47 9.26 7.83 20.70 17.59 11.09 9.42 100.0 2.9 90.3 6.7 0.9 0.0 6.6 (0.5) 1.7 13.8 2.0 11.8 100.0 3.0 90.3 6.6 1.5 0.0 3.6 0.3 5.4 14.5 1.9 12.6 (percent) 100.0 3.0 88.9 8.1 1.3 0.0 4.9 (0.3) 3.7 15.2 1.0 14.1 100.0 3.1 90.9 6.0 1.6 0.0 4.0 (0.2) 5.8 14.1 2.2 11.9 100.0 2.8 90.0 7.3 1.5 0.1 7.0 0.0 2.7 15.6 2.3 13.2 44,888 1,320 40,544 3,024 395 18 2,983 (208) 783 6,205 769 136 5,300 (4) 0 5,296 2,860 2,436 108,898 (114) 111,220 45,715 1,377 41,300 3,039 665 11 1,666 116 2,448 6,614 676 177 5,761 0 0 5,761 2,540 3,222 110,151 (14) 113,359 49,038 1,457 43,593 3,988 653 20 2,427 (144) 1,811 7,450 410 105 6,935 0 0 6,935 3,085 3,850 114,140 (186) 117,804 44,679 1,389 40,599 2,691 726 5 1,796 (77) 2,600 6,288 706 263 5,320 0 0 5,320 3,094 2,226 117,761 (812) 119,174 48,357 1,345 43,500 3,513 704 51 3,367 (15) 1,330 7,541 1,093 41 6,407 0 (57) 6,350 3,151 3,199 120,466 (1,250) 122,414 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 130 U.S. Census Bureau Table 45.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 335, Total Assets $25 Million and Over Electrical Equipment, Appliances, and Components Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 924 1,759 1,035 3,092 13,340 3,074 1,704 297 646 2,312 24,366 52,547 5,534 10,384 14,124 42,370 124,959 53,635 111,220 (4,380) (1,314) 28,355 130,806 255,765 10,092 765 1,571 1,247 3,199 13,491 3,071 1,827 281 663 2,352 24,188 52,655 5,901 10,332 13,849 41,427 124,164 55,147 113,359 (4,200) (111) 28,934 135,261 259,425 8,448 644 1,843 913 3,268 14,831 2,492 1,913 406 981 4,112 25,616 57,019 5,750 9,661 11,960 48,212 132,603 56,333 117,804 (7,387) 534 29,272 138,012 270,615 7,603 1,317 2,707 966 3,189 14,558 2,715 1,719 465 1,171 3,826 25,117 57,751 6,703 9,424 11,585 48,681 134,144 55,193 119,174 (7,636) (258) 28,939 137,534 271,678 4,730 1,371 3,243 1,244 3,366 14,642 2,889 1,613 402 564 3,812 25,332 58,478 6,904 9,278 12,024 39,526 126,209 56,122 122,414 (4,200) 1,360 29,960 145,736 271,946 5,253 5,779 330 62 6,171 113 327 732 393 0 304 8,039 633 21,811 22,444 20,175 11,981 62,639 68,034 1,693 40,859 28,868 39 164,219 255,765 2Q 2004 3Q 2004 (million dollars) 4,966 192 113 5,272 125 347 769 233 0 436 7,182 593 21,485 22,078 20,730 11,113 61,102 68,837 1,667 41,777 28,727 75 169,521 259,425 5,838 186 152 6,176 101 402 692 399 0 694 8,465 662 22,682 23,344 20,647 12,167 64,622 69,702 1,182 41,681 29,202 57 176,733 270,615 4,186 128 103 4,416 0 375 681 322 0 683 6,478 615 21,881 22,497 21,939 11,567 62,480 69,687 1,181 41,952 28,915 68 180,215 271,678 4,097 254 200 4,551 82 450 557 324 0 635 6,600 609 22,595 23,204 21,991 11,936 63,731 69,515 1,161 42,150 28,527 24 179,664 271,946 4Q 2004 1Q 2005 2Q 2005 131 U.S. Census Bureau Table 46.0—Income Statement For Corporations in NAICS Manufacturing Subsector 336, Total Assets $25 Million and Over Transportation Equipment Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20.20 18.37 4.95 4.50 12.05 8.95 2.97 2.21 6.67 8.04 1.72 2.07 8.38 8.22 2.08 2.04 12.39 9.89 3.02 2.41 100.0 2.7 94.5 2.8 1.7 0.0 1.5 (0.1) 2.6 5.1 0.5 4.7 100.0 3.0 94.2 2.9 1.9 0.1 1.5 (0.8) 1.5 3.3 0.9 2.5 (percent) 100.0 2.9 96.0 1.2 1.8 0.0 1.9 (0.7) 1.2 1.7 (0.4) 2.1 100.0 2.9 96.2 0.9 1.9 0.0 1.3 (0.1) 1.9 2.2 0.0 2.2 100.0 2.7 96.1 1.2 1.7 0.0 1.9 (0.1) 1.8 3.1 0.6 2.5 197,939 5,397 187,075 5,466 3,302 69 3,027 (144) 5,065 10,181 631 290 9,260 0 0 9,260 2,043 7,217 128,683 (597) 135,302 183,658 5,425 172,994 5,239 3,460 134 2,800 (1,420) 2,839 6,132 1,537 41 4,553 (12) 0 4,541 1,854 2,687 134,179 (202) 136,664 202,171 5,769 193,989 2,413 3,719 36 3,776 (1,350) 2,357 3,512 (521) (202) 4,235 0 1 4,236 2,644 1,592 137,242 (759) 138,075 192,053 5,484 184,793 1,776 3,705 45 2,591 (152) 3,731 4,286 (81) 160 4,207 0 0 4,207 2,032 2,175 137,766 (6,644) 133,298 205,209 5,513 197,268 2,428 3,513 37 3,894 (153) 3,617 6,309 1,050 223 5,035 0 0 5,035 2,609 2,426 134,731 (117) 137,040 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 132 U.S. Census Bureau Table 46.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 336, Total Assets $25 Million and Over Transportation Equipment Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 5,777 936 2,522 55,354 78,991 6,900 699 2,774 1,557 1,408 136,079 292,998 22,835 34,361 78,818 191,846 620,857 116,555 135,302 73 (22,588) 27,761 201,580 822,437 11,160 6,684 1,981 4,027 54,327 78,558 8,181 831 3,274 1,380 1,697 136,787 297,728 23,973 34,406 77,971 187,300 621,379 116,441 136,664 888 (22,267) 28,223 203,503 824,882 4,183 5,600 2,437 2,679 55,490 78,555 5,330 509 2,551 1,992 1,033 137,557 293,733 24,448 32,995 76,109 179,293 606,578 118,291 138,075 6,054 (22,262) 29,423 210,735 817,313 885 6,354 1,713 3,052 56,238 83,788 5,645 560 3,454 2,419 928 146,689 310,841 24,510 32,161 75,918 176,174 619,603 119,590 133,298 3,615 (21,673) 30,155 204,674 824,277 (8,610) 5,860 942 4,196 59,024 85,245 5,247 620 3,270 1,275 1,548 151,404 318,631 25,023 33,060 77,527 177,666 631,907 119,841 137,040 498 (21,901) 31,754 203,724 835,630 (2,950) 27,853 3,846 7,654 39,353 555 8,411 7,876 634 5 3,393 60,227 32,489 60,361 92,850 93,492 57,590 304,158 280,493 5,744 147,352 138,886 2,480 376,914 822,437 2Q 2004 3Q 2004 (million dollars) 26,425 8,863 1,919 37,206 225 6,248 8,292 140 17 4,052 56,179 34,356 59,063 93,419 94,454 57,859 301,912 280,999 5,682 147,889 138,792 2,671 381,508 824,882 23,747 2,826 6,883 33,456 73 3,600 9,915 1,004 55 5,366 53,468 35,265 55,973 91,238 92,783 57,130 294,618 283,877 5,894 148,977 140,795 3,457 378,443 817,313 22,369 3,173 4,103 29,646 0 4,168 6,677 738 85 5,459 46,773 36,826 61,338 98,163 98,646 58,648 302,231 282,330 5,772 149,342 138,760 2,849 380,438 824,277 29,113 3,040 6,702 38,855 0 5,268 4,275 138 1 5,510 54,047 36,808 61,985 98,793 102,179 60,663 315,681 279,760 5,762 147,653 137,869 1,625 380,455 835,630 4Q 2004 1Q 2005 2Q 2005 133 U.S. Census Bureau Table 47.0—Income Statement For Corporations in NAICS Manufacturing Industry Groups 3361 - 3363, Total Assets $25 Million and Over Motor Vehicles and Parts1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 144,473 4,261 138,879 1,333 2,572 67 2,821 (256) 4,568 5,961 (193) 248 5,905 0 0 5,905 933 4,972 62,306 (359) 66,919 130,732 4,142 125,363 1,227 2,711 129 2,605 (1,303) 2,294 2,242 681 10 1,551 (12) 0 1,538 1,139 399 65,985 (187) 66,198 145,764 4,514 142,903 (1,653) 2,882 35 3,594 (596) 1,919 418 (801) (124) 1,343 0 1 1,344 1,325 19 66,186 (421) 65,784 139,047 4,350 137,049 (2,352) 3,008 36 2,420 (221) 3,086 (39) (968) 138 791 0 0 791 1,240 (449) 65,862 (6,192) 59,221 146,735 4,334 144,844 (2,444) 2,802 33 3,441 (17) 3,028 1,239 (142) 82 1,299 0 0 1,299 1,326 (27) 60,501 (8) 60,467 (percent of net sales) 100.0 2.9 96.1 0.9 1.8 0.0 2.0 (0.2) 3.2 4.1 0.0 4.1 100.0 3.2 95.9 0.9 2.1 0.1 2.0 (1.0) 1.8 1.7 0.5 1.2 (percent) 100.0 3.1 98.0 (1.1) 2.0 0.0 2.5 (0.4) 1.3 0.3 (0.6) 0.9 100.0 3.1 98.6 (1.7) 2.2 0.0 1.7 (0.2) 2.2 0.0 (0.6) 0.6 100.0 3.0 98.7 (1.7) 1.9 0.0 2.3 0.0 2.1 0.8 0.0 0.9 19.31 19.13 4.44 4.39 7.28 5.03 1.67 1.16 1.33 4.26 0.32 1.03 (0.13) 2.67 (0.03) 0.61 4.26 4.47 0.95 0.99 Included in Transportation Equipment. 134 U.S. Census Bureau Table 47.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Groups 3361 - 3363, Total Assets $25 Million and Over Motor Vehicles and Parts1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 15,375 3,539 7,547 26,461 555 8,404 7,876 121 4 2,251 45,672 276 44,743 45,018 31,170 40,440 162,300 207,316 3,533 105,314 105,535 2,447 267,261 537,542 14,326 8,587 1,846 24,759 225 6,231 7,567 126 17 2,572 41,496 265 43,147 43,411 33,029 40,789 158,725 208,518 3,524 105,980 106,062 2,653 268,111 535,552 14,866 2,533 6,880 24,279 0 3,592 9,915 55 54 2,849 40,743 285 39,101 39,387 31,696 40,595 152,421 210,255 3,546 106,779 107,021 3,432 261,289 524,164 11,117 2,948 4,035 18,100 0 4,154 6,677 13 84 3,771 32,799 157 43,681 43,838 33,769 41,941 152,347 209,190 3,545 107,385 105,350 2,831 260,423 520,950 15,611 2,885 6,603 25,100 0 5,255 4,275 22 0 3,734 38,385 171 43,877 44,048 34,178 41,423 158,034 207,643 3,548 106,873 104,319 1,605 260,177 524,135 4,950 841 2,375 1 64,368 4,747 553 2,133 302 394 91,724 172,387 16,454 17,149 61,133 146,961 414,084 71,811 66,919 176 (12,159) 3,288 123,458 537,542 (10,087) 5,580 1,493 3,870 1 63,378 5,437 581 2,499 490 663 89,049 173,039 17,826 17,508 60,787 143,145 412,305 71,580 66,198 749 (11,996) 3,284 123,246 535,552 (14,314) 4,917 1,214 2,512 1 62,711 3,287 382 2,196 265 836 88,603 166,923 18,155 17,314 59,697 135,998 398,088 72,436 65,784 4,852 (13,744) 3,253 126,076 524,164 (14,502) 5,433 1,307 2,835 1 67,485 2,736 445 2,756 908 735 91,590 176,231 18,781 16,479 59,334 131,857 402,682 72,244 59,221 2,556 (12,585) 3,168 118,269 520,950 (23,884) 4,798 517 4,011 1 68,193 2,411 407 2,515 270 673 94,375 178,172 19,094 17,339 59,274 133,969 407,848 71,819 60,467 (287) (12,659) 3,053 116,287 524,135 (20,138) Included in Transportation Equipment. 135 U.S. Census Bureau Table 48.0—Income Statement For Corporations in NAICS Manufacturing Industry Group 3364, Total Assets $25 Million and Over Aerospace Products and Parts1 Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 4Q 2004 1Q 2005 2Q 2005 45,278 920 41,172 3,186 632 2 206 (23) 452 3,191 550 33 2,608 0 0 2,608 960 1,648 53,661 (216) 55,093 44,855 1,096 40,707 3,052 659 5 152 (123) 493 2,919 572 15 2,332 0 0 2,332 588 1,745 54,921 2 56,668 48,065 1,049 43,824 3,192 739 1 152 (734) 357 2,228 26 (106) 2,308 0 0 2,308 1,178 1,131 57,283 (318) 58,095 44,357 941 40,217 3,199 604 8 132 69 621 3,424 683 (2) 2,743 0 0 2,743 653 2,090 57,710 (425) 59,375 48,689 975 43,965 3,749 612 4 413 (141) 554 3,966 865 117 2,984 0 0 2,984 1,103 1,881 59,115 (60) 60,936 (percent of net sales) 100.0 2.0 90.9 7.0 1.4 0.0 0.5 (0.1) 1.0 7.0 1.3 5.8 100.0 2.4 90.8 6.8 1.5 0.0 0.3 (0.3) 1.1 6.5 1.3 5.2 (percent) 100.0 2.2 91.2 6.6 1.5 0.0 0.3 (1.5) 0.7 4.6 (0.2) 4.8 100.0 2.1 90.7 7.2 1.4 0.0 0.3 0.2 1.4 7.7 1.5 6.2 100.0 2.0 90.3 7.7 1.3 0.0 0.8 (0.3) 1.1 8.1 2.0 6.1 19.85 16.22 5.49 4.49 17.70 14.14 4.88 3.90 12.77 13.23 3.69 3.82 19.26 15.43 5.45 4.36 22.07 16.61 6.21 4.67 Included in Transportation Equipment. 136 U.S. Census Bureau Table 48.1—Balance Sheet For Corporations in NAICS Manufacturing Industry Group 3364, Total Assets $25 Million and Over Aerospace Products and Parts1 Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1 2Q 2004 3Q 2004 (million dollars) 4Q 2004 1Q 2005 2Q 2005 10,745 305 1 11,050 0 6 0 0 0 1,068 12,125 31,526 12,256 43,782 36,080 16,142 108,129 61,225 1,725 36,213 26,737 29 97,587 232,482 10,832 274 2 11,109 0 17 0 0 0 1,381 12,507 33,376 12,574 45,949 37,153 16,175 111,783 60,687 1,745 36,038 26,394 13 101,026 239,216 7,384 291 0 7,675 0 8 0 0 0 2,391 10,074 34,278 13,120 47,397 36,737 15,325 109,533 61,529 1,857 36,155 27,231 22 104,914 241,699 9,326 223 0 9,550 0 14 0 0 0 1,584 11,147 35,905 13,554 49,459 40,637 15,875 117,119 60,840 1,737 35,842 26,735 15 107,640 251,509 11,586 154 1 11,740 0 14 0 0 0 1,729 13,482 35,785 13,863 49,648 40,417 18,287 121,835 58,774 1,723 34,150 26,347 15 107,354 255,551 795 95 130 34,049 12,344 1,676 71 518 1,240 499 40,266 91,685 3,346 17,023 14,324 41,803 168,180 41,447 55,093 (172) (10,391) 21,676 64,302 232,482 16,445 1,062 117 143 35,206 12,924 2,317 175 694 877 1,020 43,597 98,133 3,240 16,709 14,042 41,102 173,227 41,603 56,668 28 (10,234) 22,075 65,990 239,216 13,650 637 1,223 160 36,279 13,403 1,581 85 254 1,725 186 44,420 99,953 3,283 15,492 13,088 40,082 171,898 42,435 58,095 1,000 (8,395) 23,333 69,801 241,699 9,580 845 406 210 37,822 13,650 2,220 70 568 1,505 183 50,248 107,725 2,663 15,460 13,265 41,281 180,393 43,707 59,375 893 (8,947) 23,911 71,116 251,509 9,394 767 425 176 37,871 13,991 2,413 171 522 1,002 364 52,035 109,736 2,581 15,319 15,396 40,648 183,680 44,249 60,936 653 (9,247) 24,719 71,871 255,551 12,099 Included in Transportation Equipment. 137 U.S. Census Bureau Table 49.0—Income Statement For Corporations in NAICS Manufacturing Subsector 337, Total Assets $25 Million and Over Furniture and Related Products Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7.69 4.14 3.76 2.02 16.65 12.23 8.04 5.91 15.82 10.87 7.98 5.49 17.10 12.27 8.62 6.18 19.40 13.77 9.27 6.58 100.0 2.5 91.1 6.4 1.3 0.0 0.0 (2.4) 0.2 2.8 1.3 1.5 100.0 2.4 90.0 7.7 1.3 0.0 0.1 (1.0) 0.4 5.9 1.6 4.3 (percent) 100.0 2.4 90.8 6.8 1.1 0.0 0.1 (0.2) 0.1 5.8 1.8 4.0 100.0 2.3 90.2 7.5 1.1 0.0 (0.3) (0.3) 0.3 6.0 1.7 4.3 100.0 2.1 90.0 7.9 1.3 0.0 (0.3) (0.4) 0.5 6.4 1.8 4.5 8,999 228 8,199 572 117 1 (1) (218) 17 254 103 15 137 0 0 137 222 (86) 10,535 (720) 9,729 9,301 219 8,366 716 116 1 6 (97) 40 549 131 15 404 0 0 404 91 313 9,773 (129) 9,956 9,502 227 8,627 648 107 2 11 (15) 12 551 151 22 379 1 0 379 208 171 10,535 (50) 10,657 10,132 237 9,139 756 113 1 (34) (32) 31 609 157 15 437 0 0 437 312 125 11,003 (113) 11,014 10,295 221 9,261 813 136 1 (32) (37) 46 655 171 19 465 0 0 465 967 (502) 11,212 (122) 10,588 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 138 U.S. Census Bureau Table 49.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 337, Total Assets $25 Million and Over Furniture and Related Products Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 280 0 58 0 1,916 72 39 854 11 41 2,852 6,123 4,536 617 606 1,938 13,820 4,192 9,729 45 (97) 670 13,199 27,020 5,101 322 0 61 0 2,012 93 41 709 12 35 2,977 6,262 4,668 698 502 1,998 14,128 4,060 9,956 72 (129) 758 13,201 27,329 5,291 226 0 84 0 1,990 61 36 609 6 25 2,772 5,807 4,568 639 762 1,903 13,680 4,283 10,657 (1) (222) 785 13,932 27,612 6,036 590 0 164 0 2,024 84 55 200 5 30 3,058 6,211 4,573 637 747 1,850 14,018 4,279 11,014 128 (345) 839 14,238 28,256 6,029 649 10 135 0 2,089 63 24 235 9 42 3,050 6,305 4,928 672 970 1,892 14,768 4,050 10,588 93 (354) 869 13,508 28,275 5,958 1,169 69 0 1,238 3 0 180 256 0 67 1,744 56 4,027 4,083 4,211 1,186 11,224 14,302 379 8,609 6,072 2 9,722 27,020 2Q 2004 3Q 2004 (million dollars) 911 73 0 984 7 0 193 274 0 136 1,593 54 4,332 4,386 4,366 1,207 11,553 14,251 373 8,625 5,998 2 9,776 27,329 1,263 68 0 1,330 7 33 235 321 0 199 2,126 71 4,134 4,205 4,238 1,274 11,843 14,260 442 8,637 6,064 21 9,683 27,612 1,064 89 0 1,153 10 33 164 136 0 283 1,780 45 4,544 4,589 4,452 1,420 12,241 14,665 504 8,952 6,216 17 9,782 28,256 980 101 29 1,110 11 28 58 159 0 159 1,525 43 4,510 4,553 4,742 1,443 12,263 14,389 519 8,646 6,262 12 9,739 28,275 4Q 2004 1Q 2005 2Q 2005 139 U.S. Census Bureau Table 50.0—Income Statement For Corporations in NAICS Manufacturing Subsector 339, Total Assets $25 Million and Over Miscellaneous Manufacturing Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17.59 12.86 8.81 6.44 22.42 16.41 11.29 8.26 23.31 18.15 11.89 9.26 24.17 17.93 12.67 9.40 20.15 12.72 10.77 6.80 100.0 4.0 82.9 13.1 2.0 0.0 0.9 (3.1) 4.4 13.2 3.6 9.7 100.0 3.7 83.6 12.6 1.7 0.1 0.5 (1.0) 6.2 16.7 4.5 12.2 (percent) 100.0 3.6 81.5 14.9 1.7 0.1 0.7 (0.7) 4.3 17.5 3.9 13.6 100.0 3.8 81.5 14.8 1.8 0.1 0.3 0.8 4.6 18.8 4.8 13.9 100.0 3.8 84.3 11.9 1.8 0.1 0.3 (0.1) 4.9 15.3 5.6 9.7 21,040 835 17,451 2,755 429 5 191 (656) 921 2,787 661 88 2,037 (5) (2) 2,030 744 1,286 38,324 (207) 39,403 21,959 813 18,368 2,778 384 18 109 (219) 1,355 3,656 767 213 2,676 15 0 2,691 503 2,188 40,886 (187) 42,887 23,387 852 19,054 3,481 406 13 157 (165) 1,004 4,084 850 56 3,179 0 0 3,179 1,324 1,854 43,508 (100) 45,262 23,712 895 19,317 3,500 431 19 74 201 1,093 4,457 1,011 139 3,307 0 0 3,307 568 2,739 47,393 (317) 49,815 24,643 932 20,775 2,935 432 19 72 (24) 1,199 3,769 1,239 151 2,380 0 0 2,380 641 1,739 49,245 (132) 50,852 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 140 U.S. Census Bureau Table 50.1—Balance Sheet For Corporations in NAICS Manufacturing Subsector 339, Total Assets $25 Million and Over Miscellaneous Manufacturing Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 1,006 978 310 3 4,301 1,852 300 1,093 663 539 13,212 24,257 13,344 5,367 8,804 11,436 63,208 41,496 39,403 172 (1,968) 15,724 63,380 126,588 12,605 1,313 1,200 292 6 4,422 1,944 303 1,231 473 328 14,593 26,107 12,883 5,387 8,485 11,441 64,303 40,306 42,887 390 (1,873) 16,465 65,245 129,548 10,795 1,318 1,367 444 6 4,926 2,033 319 1,294 1,015 621 15,556 28,901 12,132 5,363 8,191 12,694 67,281 40,966 45,262 1,576 (786) 16,945 70,074 137,354 10,240 1,088 1,280 197 3 5,329 2,176 341 1,684 1,461 1,086 14,148 28,794 11,635 5,966 7,857 12,710 66,962 40,461 49,815 1,337 (324) 17,523 73,766 140,728 11,305 1,114 772 212 2 5,308 2,418 338 1,662 1,062 1,014 13,405 27,308 11,140 5,368 8,482 12,929 65,227 42,660 50,852 524 (184) 19,025 74,828 140,055 12,469 5,492 320 177 5,989 4 126 392 0 0 992 7,503 90 11,364 11,453 10,743 7,163 36,862 39,657 735 23,029 17,362 520 71,845 126,588 2Q 2004 3Q 2004 (million dollars) 4,715 304 126 5,144 4 119 378 17 0 952 6,613 120 12,142 12,261 11,339 6,689 36,903 40,225 708 23,383 17,550 489 74,606 129,548 5,486 412 134 6,033 128 203 440 19 0 1,359 8,181 117 12,411 12,528 11,093 7,337 39,140 40,983 729 23,496 18,216 502 79,495 137,354 5,114 306 184 5,604 5 151 538 230 0 1,253 7,781 113 13,050 13,164 12,078 7,076 40,099 43,083 820 24,771 19,132 503 80,994 140,728 4,030 309 203 4,542 18 128 391 603 0 1,690 7,373 136 13,153 13,289 12,180 6,936 39,777 43,851 776 25,325 19,302 486 80,490 140,055 4Q 2004 1Q 2005 2Q 2005 141 U.S. Census Bureau Table 51.0—Income Statement For Corporations in NAICS Manufacturing Sector, Nondurable Manufacturing Subsectors, and Durable Manufacturing Subsectors, By Size of Total Assets All Manufacturing Total Assets $25 Million and Over Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.07 16.89 8.94 6.85 20.81 15.71 8.49 6.41 19.60 15.76 8.14 6.54 19.54 14.99 8.10 6.21 22.24 17.05 9.27 7.11 100.0 3.2 89.8 7.0 1.7 0.1 1.2 (0.3) 3.9 10.3 2.4 7.9 100.0 3.2 89.7 7.1 1.7 0.2 1.1 (0.4) 3.6 9.9 2.4 7.5 (percent) 100.0 3.2 90.6 6.2 1.7 0.3 1.0 (0.2) 3.7 9.3 1.8 7.5 100.0 3.2 90.3 6.6 1.7 0.2 0.7 (0.5) 4.3 9.5 2.2 7.3 100.0 2.9 90.1 6.9 1.6 0.5 0.9 0.0 3.5 10.2 2.4 7.8 1,114,181 35,466 1,000,210 78,504 18,782 1,645 13,021 (2,977) 43,203 114,614 24,384 2,509 87,721 35 (15) 87,740 32,998 54,742 1,045,697 (12,253) 1,088,186 1,115,099 35,939 999,864 79,296 19,394 2,178 12,713 (4,418) 39,845 110,221 24,474 2,541 83,206 50 (19) 83,237 29,275 53,962 1,092,770 (8,418) 1,138,314 1,156,378 36,886 1,047,740 71,752 19,938 3,474 11,699 (2,045) 42,651 107,593 18,358 2,722 86,513 30 16 86,559 36,804 49,755 1,143,594 (12,141) 1,181,208 1,137,317 36,062 1,026,660 74,595 19,651 2,491 8,073 (6,004) 48,749 108,252 22,062 3,127 83,063 63 0 83,126 41,501 41,625 1,185,050 (27,225) 1,199,450 1,231,571 35,977 1,110,063 85,531 20,004 5,619 11,157 496 42,809 125,609 26,397 2,914 96,298 13 (106) 96,204 32,516 63,688 1,205,226 (9,482) 1,259,432 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 142 U.S. Census Bureau All Nondurable Manufacturing Total Assets $25 Million and Over 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Durable Manufacturing Total Assets $25 Million and Over 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 555,772 16,919 494,481 44,371 9,957 1,260 3,244 (870) 24,492 62,539 14,069 1,487 46,984 54 (6) 47,032 22,377 24,655 672,001 (6,890) 689,766 563,041 17,439 500,796 44,806 10,243 1,761 4,717 (689) 25,221 65,573 13,622 1,303 50,649 33 2 50,683 19,913 30,770 689,424 (3,664) 716,530 578,356 17,820 518,851 41,685 10,444 2,768 1,785 1,037 23,842 60,674 10,559 1,989 48,126 5 1 48,132 25,059 23,073 715,981 (3,018) 736,036 579,283 17,328 513,464 48,490 10,240 1,681 873 (697) 28,433 68,541 13,179 1,842 53,520 (2) 0 53,518 30,141 23,378 734,295 (6,867) 750,806 634,364 17,215 564,898 52,251 10,494 5,036 380 (738) 25,702 72,136 14,068 1,731 56,338 6 (50) 56,294 21,035 35,259 751,362 (2,813) 783,807 558,409 18,547 505,729 34,133 8,824 385 9,777 (2,107) 18,712 52,075 10,316 1,023 40,737 (19) (10) 40,708 10,621 30,087 373,696 (5,363) 398,420 (million dollars) 552,058 18,501 499,068 34,490 9,151 417 7,996 (3,728) 14,624 44,648 10,852 1,239 32,557 17 (20) 32,554 9,362 23,192 403,346 (4,754) 421,784 578,022 19,066 528,890 30,066 9,494 706 9,914 (3,082) 18,810 46,919 7,799 733 38,387 25 15 38,427 11,745 26,682 427,613 (9,122) 445,173 558,034 597,207 18,734 18,762 513,196 545,165 26,105 9,411 809 7,200 (5,307) 20,316 39,711 8,883 1,286 29,543 64 0 29,607 11,360 18,247 33,281 9,510 583 10,777 1,235 17,107 53,472 12,329 1,183 39,960 7 (57) 39,910 11,481 28,429 450,755 453,865 (20,357) (6,669) 448,645 475,624 (percent of net sales) 100.0 3.0 89.0 8.0 1.8 0.2 0.6 (0.2) 4.4 11.3 2.8 8.5 100.0 3.1 88.9 8.0 1.8 0.3 0.8 (0.1) 4.5 11.6 2.7 9.0 (percent) 100.0 3.1 89.7 7.2 1.8 0.5 0.3 0.2 4.1 10.5 2.2 8.3 100.0 3.0 88.6 8.4 1.8 0.3 0.2 (0.1) 4.9 11.8 2.6 9.2 100.0 2.7 89.0 8.2 1.7 0.8 0.1 (0.1) 4.1 11.4 2.5 8.9 100.0 3.3 90.6 6.1 1.6 0.1 1.8 (0.4) 3.4 9.3 2.0 7.3 (percent of net sales) 100.0 3.4 90.4 6.2 1.7 0.1 1.4 (0.7) 2.6 8.1 2.2 5.9 (percent) 100.0 3.3 91.5 5.2 1.6 0.1 1.7 (0.5) 3.3 8.1 1.5 6.6 100.0 3.4 92.0 4.7 1.7 0.1 1.3 (1.0) 3.6 7.1 1.8 5.3 100.0 3.1 91.3 5.6 1.6 0.1 1.8 0.2 2.9 9.0 2.3 6.7 26.42 19.85 10.43 7.83 27.06 20.90 10.71 8.27 24.18 19.18 9.73 7.71 26.83 20.95 10.86 8.48 27.60 21.55 11.28 8.81 18.42 14.41 7.64 5.98 15.54 11.33 6.51 4.75 15.74 12.88 6.72 5.50 13.30 9.89 5.63 4.19 17.62 13.17 7.47 5.58 143 U.S. Census Bureau Table 51.1—Balance Sheet For Corporations in NAICS Manufacturing Sector, Nondurable Manufacturing Subsectors, and Durable Manufacturing Subsectors, By Size of Total Assets All Manufacturing Total Assets $25 Million and Over Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 31,763 54,490 30,364 60,967 328,656 52,695 7,907 21,010 33,612 24,331 533,920 1,179,716 241,799 364,032 392,024 870,381 3,047,952 1,485,203 1,088,186 (17,471) (73,197) 405,194 2,077,528 5,125,480 302,421 35,935 53,115 30,466 59,836 338,417 57,706 8,229 23,566 31,684 27,707 551,580 1,218,241 241,595 364,415 387,417 862,912 3,074,580 1,485,033 1,138,314 (11,750) (73,248) 419,593 2,118,755 5,193,335 296,545 32,251 50,740 31,467 61,844 348,450 49,268 8,582 22,645 29,129 34,635 559,681 1,228,694 236,559 367,402 377,018 883,426 3,093,100 1,500,338 1,181,208 12,683 (60,013) 438,260 2,195,956 5,289,055 307,148 37,668 55,315 33,142 62,523 354,525 55,088 9,166 26,350 27,209 34,583 558,774 1,254,343 240,532 365,670 380,502 888,825 3,129,873 1,522,485 1,199,450 5,622 (59,355) 451,806 2,216,397 5,346,270 309,986 35,032 51,023 35,494 65,341 370,864 53,247 9,361 25,593 26,877 36,914 579,005 1,288,751 243,500 365,116 387,616 876,612 3,161,596 1,529,809 1,259,432 (1,059) (57,652) 471,247 2,259,283 5,420,878 326,805 155,043 24,454 16,822 196,319 2,649 18,641 43,270 5,404 456 54,603 321,341 39,107 438,735 477,842 421,346 261,607 1,482,137 2,100,417 97,025 1,157,936 1,039,505 12,471 2,591,366 5,125,480 2Q 2004 3Q 2004 (million dollars) 156,810 33,282 13,714 203,806 3,138 16,847 44,156 5,271 478 55,622 329,319 41,199 449,850 491,049 432,041 262,377 1,514,786 2,100,600 95,048 1,162,842 1,032,807 12,203 2,633,540 5,193,335 162,063 28,942 21,341 212,346 3,540 17,669 50,134 7,752 542 59,721 351,704 42,371 445,199 487,569 433,817 262,750 1,535,841 2,102,774 93,975 1,153,999 1,042,750 13,317 2,697,148 5,289,055 146,682 31,361 21,007 199,050 3,416 17,451 45,851 8,066 516 60,120 334,469 44,053 463,408 507,461 457,289 265,111 1,564,330 2,128,558 94,066 1,177,189 1,045,435 12,131 2,724,375 5,346,270 155,651 32,986 23,357 211,994 3,538 18,562 44,894 7,381 467 59,966 346,803 44,188 483,041 527,229 465,410 276,115 1,615,557 2,141,075 94,531 1,186,407 1,049,199 12,685 2,743,438 5,420,878 4Q 2004 1Q 2005 2Q 2005 144 U.S. Census Bureau All Nondurable Manufacturing Total Assets $25 Million and Over 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Durable Manufacturing Total Assets $25 Million and Over 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 48,614 6,922 6,443 61,979 1,012 1,552 4,791 980 387 25,301 96,001 684 199,884 200,568 173,308 95,267 565,143 52,253 9,473 8,354 70,081 1,165 2,333 5,291 1,319 382 24,994 105,565 630 205,619 206,249 177,177 100,736 589,728 56,659 10,221 10,860 77,740 1,087 4,058 5,550 2,460 387 25,223 116,505 659 206,282 206,941 179,235 100,049 602,730 52,261 13,461 13,780 79,503 1,298 3,897 5,016 2,410 378 25,317 117,818 680 210,504 211,184 187,735 101,761 618,498 53,978 14,310 13,387 81,675 1,452 4,552 4,836 1,755 421 25,729 120,419 813 218,345 219,158 189,292 106,308 635,177 106,430 17,532 10,378 134,340 1,637 17,089 38,479 4,424 69 29,302 225,340 38,423 238,852 277,275 248,039 166,341 916,994 946,429 37,469 538,283 445,615 9,876 (million dollars) 104,557 23,809 5,360 133,726 1,972 14,514 38,865 3,952 97 30,628 223,754 40,569 244,231 284,800 254,864 161,640 925,058 948,825 36,434 541,603 443,656 10,096 105,404 18,721 10,481 134,606 2,452 13,611 44,584 5,291 156 34,499 235,199 41,712 238,917 280,629 254,582 162,702 933,111 950,346 36,338 537,441 449,242 10,573 94,421 17,900 7,227 119,547 2,119 13,554 40,835 5,656 138 34,803 216,651 43,373 252,904 296,277 269,554 163,350 945,832 959,756 36,796 547,455 449,097 9,999 101,673 18,676 9,970 130,319 2,087 14,011 40,058 5,626 45 34,238 226,384 43,375 264,696 308,071 276,117 169,807 980,380 970,874 36,904 555,108 452,669 10,306 1,153,988 1,151,776 1,152,428 1,168,802 1,170,202 59,556 58,613 57,637 57,270 57,627 619,653 621,238 616,559 629,734 631,299 593,891 2,595 589,151 2,107 593,507 2,744 596,337 2,132 596,530 2,379 1,237,523 1,267,844 1,296,442 1,307,697 1,324,087 1,353,844 1,365,696 1,400,706 1,416,678 1,419,351 2,399,151 2,448,830 2,495,423 2,524,664 2,558,173 2,726,329 2,744,505 2,793,632 2,821,605 2,862,705 16,000 46,171 16,732 64 134,356 22,863 3,743 10,806 20,839 14,645 196,694 482,911 122,823 211,698 214,344 420,598 561,269 689,766 (14,286) (30,474) 259,497 946,778 82,232 17,802 42,226 15,605 71 143,014 25,115 4,032 11,793 18,278 18,126 207,900 503,963 123,980 216,274 210,718 424,469 565,922 716,530 (10,444) (33,354) 269,228 16,692 39,683 17,691 128 149,405 22,703 4,071 10,998 15,713 23,239 212,575 512,899 120,612 219,293 207,344 431,620 571,113 736,036 4,806 (27,691) 280,609 19,468 42,906 18,053 125 147,685 26,189 4,967 12,000 15,715 23,259 205,994 516,361 122,325 216,340 210,890 437,068 583,427 750,806 1,502 (27,695) 286,358 16,749 40,303 19,129 122 159,534 24,037 5,403 10,825 16,524 25,147 214,569 532,344 122,031 213,557 213,130 431,585 587,447 783,807 (3,383) (27,402) 294,942 15,764 8,320 13,632 60,903 194,301 29,831 4,164 10,204 12,773 9,686 337,227 696,805 118,977 152,334 177,681 449,783 923,934 398,420 (3,185) (42,723) 145,697 18,133 10,888 14,860 59,765 195,403 32,591 4,197 11,773 13,407 9,581 343,680 714,278 117,616 148,141 176,699 438,442 919,111 421,784 (1,306) (39,894) 150,365 15,558 11,057 13,776 61,717 199,046 26,565 4,511 11,647 13,416 11,396 347,107 715,795 115,947 148,109 169,674 451,806 929,225 445,173 7,878 (32,322) 157,651 18,200 12,410 15,090 62,398 206,840 28,899 4,199 14,350 11,494 11,323 352,780 737,983 118,207 149,330 169,612 451,758 939,058 448,645 4,120 (31,659) 165,448 18,283 10,720 16,364 65,219 211,331 29,211 3,958 14,768 10,353 11,767 364,436 756,407 121,469 151,559 174,486 445,028 942,362 475,624 2,325 (30,250) 176,305 1,452,373 1,479,405 1,491,769 1,502,984 1,512,646 1,595,579 1,595,175 1,601,331 1,626,889 1,648,949 969,426 1,003,654 1,021,681 1,045,527 1,130,750 1,149,330 1,192,301 1,194,716 1,213,756 85,765 89,832 102,137 102,833 220,189 210,780 217,316 207,849 223,973 2,399,151 2,448,830 2,495,423 2,524,664 2,558,173 2,726,329 2,744,505 2,793,632 2,821,605 2,862,705 145 U.S. Census Bureau Table 52.0—Income Statement For Corporations in NAICS Manufacturing Sector, Nondurable Manufacturing Subsectors, and Durable Manufacturing Subsectors, By Size of Total Assets All Manufacturing Total Assets $25 Million to $50 Million Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22.16 17.82 9.43 7.59 25.19 20.99 10.66 8.88 9.47 7.42 4.19 3.28 10.65 8.04 4.66 3.52 18.44 14.49 7.74 6.08 100.0 2.8 91.6 5.6 1.0 0.0 0.5 0.2 0.0 5.2 1.0 4.2 100.0 2.5 90.9 6.6 1.0 0.0 (0.1) 0.4 0.0 5.9 1.0 4.9 (percent) 100.0 2.6 93.4 4.0 1.0 0.0 (0.5) (0.3) 0.1 2.3 0.5 1.8 100.0 2.8 93.2 3.9 1.1 0.1 (0.3) 0.2 0.0 2.7 0.7 2.1 100.0 2.5 92.2 5.3 1.1 0.0 (0.2) 0.2 0.0 4.2 0.9 3.3 28,972 805 26,545 1,622 299 2 131 51 (1) 1,506 294 1 1,211 10 0 1,221 726 494 5,093 (57) 5,530 30,376 762 27,605 2,009 317 1 (16) 113 3 1,792 289 11 1,493 0 0 1,493 332 1,161 4,364 (72) 5,453 33,162 868 30,972 1,322 347 1 (158) (84) 21 753 155 9 590 0 (10) 580 703 (123) 7,277 (46) 7,108 30,551 861 28,484 1,206 344 17 (101) 49 7 835 198 6 630 0 0 631 744 (113) 3,758 (196) 3,449 33,430 849 30,816 1,766 379 0 (52) 70 7 1,411 292 10 1,109 0 0 1,109 1,880 (771) 7,046 (162) 6,113 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 146 U.S. Census Bureau All Nondurable Manufacturing Total Assets $25 Million to $50 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Durable Manufacturing Total Assets $25 Million to $50 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 13,956 367 12,667 922 154 0 12 51 4 835 127 4 704 0 0 704 341 363 6,863 (61) 7,166 14,412 353 13,074 985 163 0 16 17 11 865 90 3 772 0 0 772 195 577 5,145 (119) 5,603 15,383 357 14,296 730 168 0 (49) (29) 9 493 50 2 441 0 0 441 324 117 7,277 7 7,401 13,248 346 12,296 606 156 0 13 4 5 472 75 2 395 0 0 395 249 146 4,951 0 5,097 13,296 350 12,574 372 168 0 33 7 3 247 19 2 227 0 0 227 228 (2) 3,710 (128) 3,580 15,015 438 13,877 699 145 2 120 0 (4) 671 167 (3) 507 10 0 517 385 132 (1,770) 3 (1,636) (million dollars) 15,964 409 14,531 1,024 154 1 (32) 96 (9) 927 199 7 721 0 0 721 137 584 (782) 48 (150) 17,779 511 16,676 592 180 1 (109) (55) 12 260 104 6 149 0 (10) 139 379 (240) 0 (53) (293) 17,303 516 16,188 600 187 17 (114) 46 2 363 123 4 236 0 0 236 496 (260) (1,193) (196) (1,649) 20,134 499 18,242 1,393 211 0 (85) 63 4 1,164 274 9 882 0 0 882 1,651 (770) 3,336 (34) 2,532 (percent of net sales) 100.0 2.6 90.8 6.6 1.1 0.0 0.1 0.4 0.0 6.0 0.9 5.0 100.0 2.4 90.7 6.8 1.1 0.0 0.1 0.1 0.1 6.0 0.6 5.4 (percent) 100.0 2.3 92.9 4.7 1.1 0.0 (0.3) (0.2) 0.1 3.2 0.3 2.9 100.0 2.6 92.8 4.6 1.2 0.0 0.1 0.0 0.0 3.6 0.6 3.0 100.0 2.6 94.6 2.8 1.3 0.0 0.2 0.1 0.0 1.9 0.2 1.7 100.0 2.9 92.4 4.7 1.0 0.0 0.8 0.0 0.0 4.5 1.1 3.4 (percent of net sales) 100.0 2.6 91.0 6.4 1.0 0.0 (0.2) 0.6 (0.1) 5.8 1.3 4.5 (percent) 100.0 2.9 93.8 3.3 1.0 0.0 (0.6) (0.3) 0.1 1.5 0.6 0.8 100.0 3.0 93.6 3.5 1.1 0.1 (0.7) 0.3 0.0 2.1 0.7 1.4 100.0 2.5 90.6 6.9 1.0 0.0 (0.4) 0.3 0.0 5.8 1.4 4.4 30.79 25.97 12.16 10.25 32.71 29.18 12.16 10.85 17.03 15.22 6.93 6.19 16.67 13.94 6.77 5.66 9.51 8.73 3.66 3.36 16.43 12.41 7.38 5.57 20.74 16.14 9.56 7.44 5.14 2.95 2.39 1.37 7.24 4.71 3.32 2.16 23.04 17.45 10.13 7.67 147 U.S. Census Bureau Table 52.1—Balance Sheet For Corporations in NAICS Manufacturing Sector, Nondurable Manufacturing Subsectors, and Durable Manufacturing Subsectors, By Size of Total Assets All Manufacturing Total Assets $25 Million to $50 Million Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Land and mineral rights . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: Accumulated depreciation, depletion, and amortization . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net property, plant, and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities, due in more than 1 year. . . . . . . . . . . . . . . . . . . . . All other noncurrent assets, including investment in nonconsolidated entities, long-term investments, intangibles, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . LIABILITIES AND STOCKHOLDERS’ EQUITY Short-term debt, original maturity of 1 year or less: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Commercial paper . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other short-term loans . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Advances and prepayments by U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes payable . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income taxes accrued, prior and current years, net of payments: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Installments, due in 1 year or less, on long-term debt: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current liabilities, including excise and sales taxes, and accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Long-term debt, due in more than 1 year: a. Loans from banks. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Bonds and debentures . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c. Other long-term loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other noncurrent liabilities, including deferred income taxes, capitalized leases, and minority stockholders’ interest in consolidated domestic corporations . . . . . . . . . . . . . . . . . . Total liabilities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Capital stock and other capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative foreign currency translation adjustment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other stockholders’ equity items (unearned compensation, ESOP debt guarantees, etc.). . . . . . . Less: Treasury stock, at cost . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities . . . . . . . . . 3,365 55 620 8 8,274 210 3 1,836 28 540 5,427 20,366 8,177 404 5,321 2,400 36,669 22,093 5,530 6 31 471 27,189 63,858 15,472 3,458 52 559 7 8,676 277 13 1,983 30 567 6,246 21,869 8,592 223 5,576 2,524 38,785 23,371 5,453 22 232 625 28,453 67,237 17,143 4,076 53 499 13 9,293 246 16 1,922 31 751 6,350 23,250 9,111 210 5,007 2,592 40,169 25,008 7,108 5 476 757 31,840 72,009 20,000 4,960 58 709 13 8,817 210 10 2,212 22 739 6,075 23,824 8,803 160 4,998 2,467 40,252 27,534 3,449 (3) 1,053 677 31,356 71,608 18,800 5,306 59 717 0 9,228 143 15 2,179 9 1,256 6,565 25,477 9,307 181 4,931 2,470 42,366 24,227 6,113 (2) 987 717 30,609 72,975 17,727 3,773 382 7 4,161 71 181 161 22 0 969 5,564 118 14,406 14,524 13,155 2,595 35,838 44,261 946 26,043 19,164 0 8,856 63,858 2Q 2004 3Q 2004 (million dollars) 4,332 302 4 4,638 69 101 128 26 0 1,023 5,984 91 15,271 15,362 14,562 3,104 39,012 43,894 927 25,641 19,180 0 9,045 67,237 5,228 544 6 5,778 84 43 171 3 0 1,723 7,802 120 16,348 16,468 15,660 3,320 43,250 47,687 977 28,225 20,439 5 8,316 72,009 4,456 784 10 5,249 26 37 131 28 0 1,961 7,431 178 15,961 16,140 15,736 3,317 42,624 48,562 1,052 29,012 20,602 8 8,374 71,608 4,954 583 8 5,545 4 18 61 44 0 1,842 7,513 212 16,624 16,837 15,520 3,334 43,204 47,393 1,238 28,075 20,555 7 9,209 72,975 4Q 2004 1Q 2005 2Q 2005 148 U.S. Census Bureau All Nondurable Manufacturing Total Assets $25 Million to $50 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Durable Manufacturing Total Assets $25 Million to $50 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 1,107 148 2 1,257 18 45 63 3 0 429 1,815 84 6,402 6,486 5,765 958 15,024 21,176 363 12,242 9,298 0 3,140 27,462 1,391 77 2 1,470 13 15 82 3 0 516 2,099 77 6,498 6,575 6,324 1,055 16,052 20,461 327 11,578 9,210 0 3,205 28,467 1,697 192 2 1,891 5 4 67 3 0 391 2,361 101 6,624 6,725 6,270 1,013 16,369 20,601 324 11,850 9,075 0 3,046 28,491 1,673 221 1 1,895 2 3 34 3 0 733 2,672 160 5,920 6,080 6,117 925 15,794 20,336 312 11,822 8,826 0 3,256 27,876 1,855 69 1 1,925 4 3 51 3 0 871 2,858 190 5,405 5,596 5,492 844 14,789 19,612 499 11,475 8,637 2 3,563 26,990 2,665 234 5 2,904 53 136 98 19 0 540 3,750 34 8,004 8,038 7,390 1,637 20,814 23,085 582 13,801 9,866 0 5,716 36,396 (million dollars) 2,941 225 2 3,167 56 86 46 23 0 507 3,885 14 8,773 8,787 8,238 2,049 22,960 23,433 600 14,063 9,970 0 5,840 38,770 3,531 352 4 3,887 79 39 105 0 0 1,332 5,441 19 9,724 9,743 9,390 2,307 26,880 27,086 653 16,375 11,364 5 5,269 43,519 2,782 562 9 3,354 23 33 96 24 0 1,228 4,759 18 10,041 10,060 9,619 2,392 26,830 28,226 741 17,191 11,776 8 5,118 43,732 3,098 514 7 3,620 0 15 9 41 0 971 4,656 22 11,219 11,241 10,028 2,490 28,415 27,780 739 16,601 11,919 5 5,646 45,984 1,931 0 179 0 3,469 27 5 977 6 229 1,987 8,811 4,202 147 2,587 871 16,618 4,014 7,166 7 (34) 308 10,844 27,462 6,213 1,855 0 146 0 3,787 78 7 987 6 280 2,164 9,311 4,633 115 2,689 1,138 17,886 5,462 5,603 5 (39) 450 10,582 28,467 6,742 1,908 0 141 12 3,919 69 9 840 5 377 1,951 9,232 4,065 71 2,337 1,198 16,903 4,707 7,401 (3) (24) 493 11,588 28,491 7,138 1,862 0 161 12 3,602 77 4 1,061 17 285 1,796 8,877 4,314 52 2,356 954 16,553 6,510 5,097 (3) 31 313 11,323 27,876 6,917 2,042 0 215 0 3,801 28 4 747 5 846 1,767 9,455 4,070 124 2,050 898 16,597 7,058 3,580 (1) 131 375 10,394 26,990 5,334 1,434 55 441 8 4,805 182 (3) 859 22 311 3,440 11,555 3,975 257 2,734 1,530 20,051 18,079 (1,636) (1) 65 163 16,345 36,396 9,259 1,603 52 413 7 4,889 199 6 996 25 287 4,082 12,559 3,958 108 2,887 1,387 20,899 17,908 (150) 17 271 176 17,871 38,770 10,401 2,168 53 358 1 5,375 177 6 1,081 26 373 4,399 14,018 5,046 139 2,670 1,393 23,266 20,301 (293) 8 500 264 20,252 43,519 12,862 3,097 58 548 1 5,214 133 6 1,152 5 454 4,278 14,947 4,489 108 2,643 1,513 23,699 21,024 (1,649) 0 1,022 364 20,033 43,732 11,883 3,264 59 501 0 5,427 116 12 1,431 4 410 4,798 16,022 5,237 57 2,881 1,573 25,769 17,170 2,532 (1) 856 342 20,215 45,984 12,392 149 U.S. Census Bureau Table 53.0—Income Statement For Corporations in NAICS Manufacturing Sector, Nondurable Manufacturing Subsectors, and Durable Manufacturing Subsectors, By Size of Total Assets All Manufacturing Total Assets $50 Million to $100 Million Item 2Q 2004 3Q 2004 (million dollars) Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses, including cost of goods sold, selling, general, and administrative expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of domestic and foreign nonconsolidated subsidiaries and other investments accounted for by the equity method, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes: a. Federal . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Extraordinary gains (losses), net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cumulative effect of accounting changes, net of taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Net income (or loss) for quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Cash dividends charged to retained earnings in current quarter . . . . . . . . . . . . . . . . . . . . . . . . . . Net income retained in business . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at beginning of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other direct credits (charges) to retained earnings (net), including stock and other non-cash dividends, etc. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Retained earnings at end of quarter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INCOME STATEMENT IN RATIO FORMAT Net sales, receipts, and operating revenues . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Depreciation, depletion, and amortization of property, plant, and equipment . . . . . . . . . . . . . . . . . All other operating costs and expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) from operations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Interest expense . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Dividend income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other recurring nonoperating income (expense), including interest income, royalties, minority interest, etc . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonrecurring items (gain/loss on sale of assets, restructuring costs, asset writedowns, etc). . . . . Net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) before income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Provision for current and deferred domestic income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income (or loss) after income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OPERATING RATIOS (see explanatory notes) Annual rate of profit on stockholders’ equity at end of period: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual rate of profit on total assets: Before income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . After income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14.89 10.65 6.66 4.76 14.68 10.85 6.53 4.83 5.73 3.75 2.65 1.73 10.42 7.21 4.51 3.12 14.75 10.89 6.60 4.87 100.0 2.9 91.7 5.4 1.2 0.0 0.0 0.1 0.0 4.3 1.2 3.0 100.0 3.0 91.8 5.3 1.2 0.0 (0.1) 0.0 0.1 4.0 1.1 3.0 (percent) 100.0 3.2 93.4 3.4 1.2 0.1 (0.4) (0.2) 0.1 1.7 0.6 1.1 100.0 3.1 92.8 4.2 1.2 0.1 0.0 (0.2) 0.1 2.9 0.9 2.0 100.0 2.8 92.1 5.1 1.2 0.0 0.0 0.1 0.1 4.1 1.1 3.1 32,406 939 29,732 1,736 396 8 (1) 18 14 1,378 344 49 986 61 (3) 1,044 567 477 6,206 (190) 6,492 30,969 919 28,424 1,627 376 2 (33) 12 22 1,254 288 39 927 (1) 0 926 454 472 7,033 (198) 7,307 31,807 1,015 29,703 1,088 387 22 (133) (76) 30 544 173 15 356 (9) 1 349 525 (176) 4,804 (83) 4,545 33,073 1,009 30,686 1,378 403 22 13 (54) 19 974 267 34 674 0 0 674 473 200 6,921 (220) 6,901 36,417 1,019 33,543 1,855 453 9 (2) 54 45 1,507 352 43 1,113 0 0 1,113 693 420 11,518 (17) 11,921 4Q 2004 1Q 2005 2Q 2005 (percent of net sales) 150 U.S. Census Bureau All Nondurable Manufacturing Total Assets $50 Million to $100 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 All Durable Manufacturing Total Assets $50 Million to $100 Million 2Q 2004 3Q 2004 4Q 2004 1Q 2005 2Q 2005 (million dollars) 14,085 415 13,070 600 162 5 10 (12) 7 449 104 16 329 80 (1) 408 170 238 8,218 (4) 8,452 13,934 397 12,798 739 162 1 15 23 (6) 610 83 16 511 (1) 0 510 85 425 8,496 (144) 8,778 14,575 432 13,511 633 171 4 21 (46) 8 449 97 9 343 (9) 0 335 130 205 6,743 26 6,974 14,272 400 13,335 537 175 2 63 (41) 11 397 72 13 312 0 0 312 254 58 5,299 (222) 5,135 15,668 421 14,659 588 198 2 64 (9) 25 473 101 16 356 0 0 356 360 (4) 7,076 (92) 6,980 18,321 524 16,662 1,135 234 3 (11) 30 6 929 240 33 657 (19) (2) 636 397 239 (2,012) (186) (1,959) (million dollars) 17,036 522 15,626 888 215 2 (49) (12) 29 644 205 23 416 0 0 416 369 47 (1,463) (54) (1,470) 17,232 583 16,192 456 216 18 (154) (30) 22 96 76 6 13 0 1 14 396 (382) (1,939) (109) (2,429) 18,801 609 17,351 841 228 19 (50) (13) 8 577 195 20 362 0 0 362 220 142 1,621 2 1,766 20,749 598 18,884 1,267 256 7 (66) 62 21 1,034 251 27 756 0 0 757 333 424 4,442 75 4,940 (percent of net sales) 100.0 2.9 92.8 4.3 1.2 0.0 0.1 (0.1) 0.1 3.2 0.9 2.3 100.0 2.8 91.8 5.3 1.2 0.0 0.1 0.2 0.0 4.4 0.7 3.7 (percent) 100.0 3.0 92.7 4.3 1.2 0.0 0.1 (0.3) 0.1 3.1 0.7 2.4 100.0 2.8 93.4 3.8 1.2 0.0 0.4 (0.3) 0.1 2.8 0.6 2.2 100.0 2.7 93.6 3.8 1.3 0.0 0.4 (0.1) 0.2 3.0 0.7 2.3 100.0 2.9 90.9 6.2 1.3 0.0 (0.1) 0.2 0.0 5.1 1.5 3.6 (percent of net sales) 100.0 3.1 91.7 5.2 1.3 0.0 (0.3) (0.1) 0.2 3.8 1.3 2.4 (percent) 100.0 3.4 94.0 2.6 1.3 0.1 (0.9) (0.2) 0.1 0.6 0.5 0.1 100.0 3.2 92.3 4.5 1.2 0.1 (0.3) (0.1) 0.0 3.1 1.1 1.9 100.0 2.9 91.0 6.1 1.2 0.0 (0.3) 0.3 0.1 5.0 1.3 3.6 11.21 8.21 5.20 3.81 16.15 13.53 7.61 6.38 11.60 8.88 5.38 4.12 11.22 8.82 4.68 3.68 12.23 9.21 5.29 3.99 17.70 12.50 7.71 5.45 13.51 8.72 5.76 3.72 1.70 0.23 0.78 0.11 9.94 6.23 4.40 2.76 16.28 11.90 7.44 5.44 151 U.S. Census Bureau Table 53.1—Balance Sheet For Corporations in NAICS Manufacturing Sector, Nondurable Manufacturing Subsectors, and Durable Manufacturing Subsectors, By Size of Total Assets All Manufacturing Total Assets $50 Million to $100 Million Item ASSETS Cash and demand deposits in the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Time deposits in the U.S., including negotiable certificates of deposit . . . . . . . . . . . . . . . . . . . . . . Deposits outside the U.S. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total cash on hand and in banks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . U.S. Treasury and Federal agency securities: a. Subject to agreements to sell . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. Other, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Commercial and finance company paper of U.S. issuers. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . State and local government securities, due in 1 year or less. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Foreign securities, due in 1 year or less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other short-term financial investments, including bankers’ acceptances . . . . . . . . . . . . . . . . . . . . Total cash, U.S. government and other securities. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade receivables from U.S. government . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Other trade accounts and trade notes receivable (less allowance for doubtful accounts) . . . . . . . Total receivables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Inventories . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All other current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total current assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Plant and equipment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .