2000 Census-Quarterly Financial Report for Manufacturing_ Mining_ and Trade Corporations-Second Quarter

Quarterly Financial Report Report Title for Manufacturing, Mining, and Trade Corporations Quarter 2 2000 Issued September 2000 QFR/00-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 Chief for Financial Statistics, and under the general supervision of Ewen M. Wilson, Chief, Company Statistics Division. Ronald B. Horton, Chief, Financial Report Branch, plans and manages the financial data collection effort. James Pierce directs the data analysis activities of James Clayton, Demetria Hanna, James O’Neill, Ronald Simpson, and Joseph White. Yolando St. George advises the staff on technical accounting matters and coordinates revision processing. Joseph C. Kirby, Jr. manages the telephone follow-up work of Altessia Blake, Lolita Curtis-Hammond, and data keying by Katrina Reed and Lakeisha Tyson-Cook. Traci GillespieBrown and Donna Farley coordinate the various phases of the publication process, including table preparation, and Internet posting. Belinda Clark provides secretarial support to the branch. Frank M. Hartman, Chief, Corporate Analysis Branch, assisted by Gary Frances, Ruth Gladden, James Mercury, Irene Miller, Adesegun Oyesanya, Joan Sanders, Jack Schroeder, Lorraine Talley, and Angela Walker reviews and analyzes corporate structure and industry classification of companies participating in the program. Theresa Brashears, assisted by Shirley Ayres, Matthew Ickes, Donna Moore, and Minnie Whiteside, maintains the program’s records, controls correspondence, and produces mailings. Laura Gonchar Schmitz, assisted by Rodney Green, Cheryl Nelson, Robert Peregoy, and Frances Tucker, 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 Barbara F. Blass and Amy M. Newman-Smith. Mitchell L. Trager, Assistant Chief of Evaluation and Information Systems, Governments Division, provides general direction of the computer processing of data. Computer programs and network applications are provided under the direction of John Studds, Chief of the Systems and Technology Branch. Benjamin D. Cromer, Nelsa Brown, Joyce Chamberlain, Gloria Davis, and Laurene Qualls of the Administrative and Customer Services Division, Walter C. Odom, Chief, provide publication and printing management, graphics design, and composition and editorial review for print and electronic media. General direction and production management were provided by Michael G. Garland, Assistant Chief, and Gary J. Lauffer, Chief, Publications Services Branch. Special acknowledgments to: The many corporations whose cooperation each quarter is essential to the success of this report. Quarterly Financial Report Report Title for Manufacturing, Mining, Issue 2 Quarter and Trade Corporations 2000 Issued September 2000 QFR/00-Q2 Consumer Income U.S. Department of Commerce Norman Y. Mineta, Secretary Robert L. Mallett, Deputy Secretary Economics and Statistics Administration Robert J. Shapiro, Under Secretary for Economic Affairs U.S. CENSUS BUREAU Kenneth Prewitt, Director SUGGESTED CITATION U.S. Census Bureau, Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations. Second Quarter 2000, Series QFR/00-Q2, U.S. Government Printing Office, Washington, DC 20402. ECONOMICS AND STATISTICS ADMINISTRATION Economics and Statistics Administration Robert J. Shapiro, Under Secretary for Economic Affairs U.S. CENSUS BUREAU Kenneth Prewitt, Director William G. Barron, Deputy Director Paula J. Schneider, Principal Associate Director for Programs Frederick T. Knickerbocker, Associate Director for Economic Programs Thomas L. Mesenbourg, Assistant Director for Economic Programs Ewen M. Wilson, Chief, Company Statistics Division For sale by Superintendent of Documents, U.S. Government Printing Office, Washington, DC 20402. CONTENTS Index to Quarterly Financial Statistics Introduction . . . . . . . . . . . . . . Tables A. B. C. D. E. F. G. H. I. J. K. L. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . V IX Rates of Change in Sales and Profits of All Manufacturing, Mining, and Trade Corporations, by Division and Major Group . . . . . . Profits Per Dollar of Sales, by Division and Major Group . . . . . . Profits Per Dollar of Sales, Manufacturing Corporations, by Asset Size . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual Rates of Profit on Stockholders’ Equity, by Division and Major Group . . . . . . . . . . . . . . . . . . . . . . . . . . . . Annual Rates of Profit on Stockholders’ Equity, Manufacturing Corporations, by Asset Size . . . . . . . . . . . . . . . . . . . . Rates of Return, All Manufacturing Corporations . . . . . . . . . Rates of Return, All Mining Corporations, Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Rates of Return, All Wholesale Trade Corporations, Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . Rates of Return, All Retail Trade Corporations, Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Composition of the Sample, by Division and Asset Size . . . . . Sampling Variability, by Division and Major Group . . . . . . . . Seasonally Adjusted Net Sales and Net Income After Tax, Manufacturing Corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . XXII XXIV XXV XXVI XXVII XXVIII XXIX XXX XXXI XXXII XXXIII XXXIV 1 Financial Data Tables . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . III INDEX TO QUARTERLY FINANCIAL STATISTICS TABLE NO. TITLE ALL MANUFACTURING (Beginning in the first quarter 1987, the universe of manufacturing corporations was redefined to exclude corporations with less than $250,000 in assets at the time of sample selection. See text, page XI) 1.0 1.1 16.0 16.1 45.0 45.1 46.0 46.1 47.0 47.1 48.0 48.1 49.0 49.1 50.0 50.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Universe and Total Assets Under $5 Million, $5-$10 Million, $10-$25 Million . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $5 Million, $5-$10 Million, $10-$25 Million . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25-$50 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25-$50 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $50-$100 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50-$100 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $$100-$250 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $100-$250 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $250-$1,000 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $250-$1,000 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $1,000 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $1,000 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL NONDURABLE MANUFACTURING INDUSTRIES 1.0 1.1 17.0 17.1 45.0 45.1 46.0 46.1 47.0 47.1 48.0 48.1 49.0 49.1 50.0 50.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Universe and Total Assets Under $5 Million, $5-$10 Million, $10-$25 Million . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $5 Million, $5-$10 Million, $10-$25 Million . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25-$50 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25-$50 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $50-$100 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50-$100 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $$100-$250 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $100-$250 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $250-$1,000 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $250-$1,000 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $1,000 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $1,000 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FOOD AND KINDRED PRODUCTS (INCLUDES TOBACCO)—SIC 20 AND 21 2.0 2.1 19.0 19.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TEXTILE MILL PRODUCTS—SIC 22 2.0 2.1 20.0 20.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . APPAREL (INCLUDES LEATHER)—SIC 23 AND 31 3.0 3.1 21.0 21.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PAPER AND ALLIED PRODUCTS—SIC 26 3.0 3.1 22.0 22.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PRINTING AND PUBLISHING—SIC 27 4.0 4.1 23.0 23.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14, 15 16, 17 82 83 11 13 80 81 10, 11 12, 13 78 79 7 9 76 77 6, 7 8, 9 74 75 3 5 66, 67 68, 69 127 129 131 133 135 137 139 141 143 145 147 149 2, 3 4, 5 62, 63 64, 65 126 128 130 132 134 136 138 140 142 144 146 148 PAGE(S) V U.S. Census Bureau INDEX TO QUARTERLY FINANCIAL STATISTICS TABLE NO. TITLE CHEMICALS AND ALLIED PRODUCTS—SIC 28 4.0 4.1 24.0 24.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INDUSTRIAL CHEMICALS AND SYNTHETICS—SIC 281, 2, AND 6 5.0 5.1 25.0 25.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . DRUGS—SIC 283 5.0 5.1 26.0 26.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RESIDUAL OF CHEMICALS—SIC 284, 5, 7, AND 9 6.0 6.1 27.0 27.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PETROLEUM AND COAL PRODUCTS—SIC 29 6.0 6.1 28.0 28.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RUBBER AND MISCELLANEOUS PLASTICS PRODUCTS—SIC 30 7.0 7.1 29.0 29.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL DURABLE MANUFACTURING INDUSTRIES 7.0 7.1 18.0 18.1 45.0 45.1 46.0 46.1 47.0 47.1 48.0 48.1 49.0 49.1 50.0 50.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Universe and Total Assets Under $5 Million, $5-$10 Million, $10-$25 Million . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $5 Million, $5-$10 Million, $10-$25 Million . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25-$50 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25-$50 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $50-$100 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50-$100 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $$100-$250 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $100-$250 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $250-$1,000 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $250-$1,000 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $1,000 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $1,000 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . STONE, CLAY, AND GLASS PRODUCTS—SIC 32 8.0 8.1 30.0 30.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . PRIMARY METAL INDUSTRIES—SIC 33 8.0 8.1 31.0 31.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 33 98 99 30, 31 32, 33 96 97 27 29 70, 71 72, 73 127 129 131 133 135 137 139 141 143 145 147 149 26, 27 28, 29 94 95 23 25 92 93 22, 23 24, 25 90 91 19 21 88 89 18, 19 20, 21 86 87 15 17 84 85 PAGE(S) VI U.S. Census Bureau INDEX TO QUARTERLY FINANCIAL STATISTICS TABLE NO. TITLE IRON AND STEEL—SIC 331, 2, AND 9 9.0 9.1 32.0 32.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NONFERROUS METALS—SIC 333-6 9.0 9.1 33.0 33.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FABRICATED METAL PRODUCTS—SIC 34 10.0 10.1 34.0 34.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . MACHINERY, EXCEPT ELECTRICAL—SIC 35 10.0 10.1 35.0 35.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ELECTRICAL AND ELECTRONIC EQUIPMENT—SIC 36 11.0 11.1 36.0 36.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . TRANSPORTATION EQUIPMENT—SIC 37 11.0 11.1 37.0 37.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . MOTOR VEHICLES AND EQUIPMENT—SIC 371 12.0 12.1 38.0 38.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . AIRCRAFT, GUIDED MISSILES, AND PARTS—SIC 372, 6 12.0 12.1 39.0 39.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . INSTRUMENTS AND RELATED PRODUCTS—SIC 38 13.0 13.1 40.0 40.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . OTHER DURABLE MANUFACTURING INDUSTRIES 13.0 13.1 41.0 41.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51 53 118 119 50, 51 52, 53 116 117 47 49 114 115 46, 47 48, 49 112 113 43 45 110 111 42, 43 44, 45 108 109 39 41 106 107 38, 39 40, 41 104 105 35 37 102 103 34, 35 36, 37 100 101 PAGE(S) VII U.S. Census Bureau INDEX TO QUARTERLY FINANCIAL STATISTICS TABLE NO. TITLE LUMBER AND WOOD PRODUCTS—SIC 24 14.0 14.1 42.0 23.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . FURNITURE AND FIXTURES—SIC 25 14.0 14.1 43.0 43.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . MISCELLANEOUS MANUFACTURING—SIC 39 15.0 15.1 44.0 44.1 Income Statement—Universe and Total Assets Under $25 Million . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Universe and Total Assets Under $25 Million. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Income Statement—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $25 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 58, 59 60, 61 124 125 55 57 122 123 54, 55 56, 57 120 121 PAGE(S) (Beginning in the fourth quarter of 1988, the mining, wholesale and retail trade tables only include estimates for corporations with assets of $50 million or over at the time of sample selection. See text, page XIV) ALL MINING 51.0 51.1 Income Statement—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL WHOLESALE TRADE 51.0 51.1 Income Statement—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . WHOLESALE TRADE-DURABLE GOODS—SIC 50 51.0 51.1 Income Statement—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . WHOLESALE TRADE-NONDURABLE GOODS—SIC 51 51.0 51.1 Income Statement—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ALL RETAIL TRADE 52.0 52.1 Income Statement—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RETAIL-GENERAL MERCHANDISE STORES—SIC 53 52.0 52.1 Income Statement—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RETAIL-FOOD STORES—SIC 54 52.0 52.1 Income Statement—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . RETAIL-ALL OTHER 52.0 52.1 Income Statement—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Balance Sheet—Total Assets $50 Million and Over . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155 157 155 157 155 157 154 156 151 153 151 153 151 153 150 152 VIII U.S. Census Bureau Introduction THE QUARTERLY FINANCIAL REPORT PROGRAM publishes up-to-date aggregate statistics on the financial results and position of U.S. corporations. Based upon an extensive sample survey, the Quarterly Financial Report (QFR) presents estimated statements of income and retained earnings, balance sheets, and related financial and operating ratios for all manufacturing corporations and large mining and trade corporations. The statistical data are classified by industry and by asset size. Pertinent data are provided, when possible, on material distortions in comparability owing to changes in accounting conventions or user needs. Purpose of Report: The main purpose of the QFR is to provide timely, accurate data on business financial conditions for use by Government and private-sector organizations and individuals. Among its users, the Commerce Department regularly employs QFR data as an important component in determining corporate profits for GDP and National Income estimates; the Federal Reserve Board uses the QFR to assess industrial debt structure, liquidity, and profitability; the Treasury Department estimates corporate tax liability through use of QFR data; the Council of Economic Advisors and Congressional Committees utilize key indicators derived from QFR data as they design economic policies and draft legislation; the Federal Trade Commission (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. Responsibility: The QFR is prepared by the Company Statistics Division, U.S. Census Bureau, Washington, DC 20233, telephone 301-457-3343. The FTC had been responsible for the program from inception in 1947 until December 1982. That responsibility was shared with the Securities and Exchange Commission until 1971. The program designs and maintains on a current basis statistical cross sections (i.e., probability samples) of corporate enterprises; collects, analyzes, and summarizes periodic confidential reports from those corporations; estimates national aggregates based upon the individual company reports; and publishes the resulting aggregates. Publication Schedules: QFR data is 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 wholesaling and the preceding quarter’s data for retailing except in the fourth quarter, when the 95-day publication lag permits synchronized presentation. The following table defines the four reporting quarters for the surveyed industry divisions in terms of the month in which any given surveyed corporation’s fiscal quarter ends: Reporting Quarters for Surveys Industry Divisions* QFR Quarter First . . . . . . . Second . . . . Third. . . . . . . Fourth . . . . . Manufacturing, Mining, and Wholesale Trade Jan., Feb., or Mar. Apr., May, or Jun. Jul., Aug., or Sep. Oct., Nov., or Dec. Retail Trade Feb., Mar., or Apr. May, Jun., or Jul. Aug., Sep., or Oct. Nov., Dec., or Jan. *Coverage is for corporations whose quarter ends as indicated. Coverage: Since the fourth quarter of 1973, reporting corporations have been instructed to consolidate the domestic operations of every corporation which is taxable under the U.S. Internal Revenue Code and is owned more than 50 percent by a reporting corporation and its majority-owned subsidiaries. In addition, consolidation is required for every majority-owned Domestic International Sales Corporation. Corporations that manufacture goods within the United States or base their sales activity in the United States and export their goods are considered domestic and are consolidated. Specifically excluded from consolidation are foreign entities (either corporate or noncorporate), foreign branch operations, and domestic corporations primarily engaged in foreign operations. Therefore, subsidiaries that were created in foreign countries to manufacture and/or sell primarily in foreign markets are not consolidated. Also excluded from consolidation are domestic corporations primarily engaged in banking, finance, or insurance (as defined in Major Groups 60-63 and in Group 672 of the Standard Industrial Classification Manual, 1987 (SIC Manual)). Consolidation is optional for domestic corporations required to file monthly or quarterly financial statements with the Interstate Commerce Commission, the Federal Communications Commission, or the Federal Energy Regulatory Commission. Nonconsolidated subsidiaries are accounted for on either the cost or equity method of accounting, at the option of the reporting company. Mining, wholesale, and retail trade corporations and manufacturing corporations with assets less than $50 million report their dividend or IX U.S. Census Bureau equity income with other nonoperating income (expense). Manufacturing corporations with assets of $50 million and over report their dividend or equity income on designated data lines. How Corporations Are Classified by Industry: The industry combinations used in the QFR are defined in accordance with the Standard Industrial Classification Manual, 1987. The SIC Manual has the industry detail necessary to classify the product lines used for coding the sample corporations. 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 SIC division accounting for more gross receipts than any other SIC division. To be in scope for the QFR, more gross receipts of the reporting corporation must be accounted for by either (not a combination of) SIC Division B (Mining), Division D (Manufacturing), Division F (Wholesale Trade), or Division G (Retail Trade) than by any other SIC division. For the most part, after a corporation is assigned to a division, it is further classified by the 2-digit SIC major group accounting for more gross receipts than any other 2-digit group within the division. In certain cases, corporations are further classified into 3-digit SIC groups. QFR data are published for these major groups except when precision criteria are not satisfied. In those cases, major groups are collapsed into a residual category, such as Other Durable Manufacturing Industries. 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 25 percent of its gross receipts from mining activities, 30 percent from manufacturing, 20 percent from wholesale, and 25 percent from retail, it would be classified in the Manufacturing Division. Furthermore, if the 30 percent of manufacturing activity was conducted in two major groups, 20 percent in one and 10 percent in the other, the activities of the corporation as a whole would be classified in the major group 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. The corporation remains in that category for eight quarters unless there is a change in its corporate structure or it is deleted from the sample. After eight quarters, its classification is reviewed again using the most current information available. If there is a change in reporting entity’s corporate structure (e.g., merger, acquisition, or divestiture), its industry classification is reviewed at the time of change. How Corporations Are Classified by Size: Each reporting manufacturing corporation is classified and tabulated according to its total assets reported for that X quarter. Prior to 1973, each manufacturing corporation was classified according to its total assets at the end of the quarter for which it first submitted a report. Unless deleted from the sample in the interim, it remained in the same asset size category until the first quarter of the following calendar year when it was classified according to its total assets at the end of that quarter. Mining and trade corporations are classified and tabulated according to total assets at time of sample selection. Prior to fourth quarter 1987, they were classified according to total assets at the end of the reference quarter. Ratio Formatted Data: Many quantitative indicators are used to assess the financial strength of an enterprise and the success of its operations. The simplest 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 a percent 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: a. 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. It measures the rate of return which accrues to stockholders on their investment. b. 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. c. Total Current Assets to Total Current Liabilities. This ratio is obtained by dividing total current assets by total current liabilities. It measures the ability to discharge current maturing obligations from existing current assets. d. 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. It measures the ability to discharge current liabilities from liquid assets. U.S. Census Bureau e. 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 1 year. It indicates the extent of leverage financing used. Description of the Sample: The frame from which the major portion of the sample is selected consists of the Internal Revenue Service (IRS) file of those corporate entities which are required to file Form 1120, 1120A, or 1120S and which also have as their principal industrial activity either manufacturing, mining, or wholesale or retail trade. The IRS frame is stratified based on industry classification and size of total assets and gross receipts. This frame is sampled once each year. Nearly all corporations whose operations are within the scope of the QFR and which have total assets of $250 million and over are included in the sample with certainty (i.e., they have a 1-out-of-1 sampling fraction). Manufacturing corporations with total assets of less than $250 million are subject to a noncertainty stratified simple random sample, as are those corporations in mining, wholesale trade, and retail trade with total assets equal to $50 million and over and less than $250 million. The sampling rates range from approximately 1-out-of160 to 1-out-of-2. Table J summarizes the resulting active sample sizes by division and size groups. Corporations in the noncertainty portion of the sample are rotated into the survey using a replacement scheme which provides that one-eighth of the sample is replaced each quarter. Corporations removed are those that have been in the reporting group the longest (usually eight quarters). Therefore, samples of noncertainty corporations for adjacent quarters are seven-eights identical; for quarters ending nine months apart, they are five-eights identical, etc. The IRS frame does not contain those corporate entities whose first income tax return had not been processed. In addition, several months elapse between the sample selection and its introduction into the QFR program. To keep the QFR sample of larger corporations (i.e., those with total assets of at least $250 million) as up-to-date as possible, a separate nonprobability procedure is followed. Each quarter, a file containing applications for a Federal Social Security Employer’s Identification Number filed with the Social Security Administation during the previous quarter by new corporations is reviewed. Corporations thought to meet QFR’s in-scope criteria are mailed classification forms. If their response indicates that the corporation does meet QFR’s in-scope criteria, they will be included in the survey with certainty for the remainder of the year. Precision of the Estimates: There are two types of errors possible in an estimate based on a sample survey, sampling and nonsampling. Sampling errors occur because observations are made only on a sample, not on the entire population. Nonsampling errors can be attributed to many sources in the collection and processing of data. The accuracy of a survey result is determined by the joint effects of sampling and nonsampling errors. Measures of Sampling Error: The particular sample used in this survey is one of a large number of all possible samples of the same size that could have been selected using the same design. Estimates derived from the different samples would differ from each other. The average of these estimates would be close to the estimate derived from a complete enumeration of the population. This assumes that a complete enumeration has the same nonsampling errors as the sample surveys. The standard error of the estimate is a measure of the variability among the estimates from all possible samples of the same size and design and, thus, is a measure of the precision with which an estimate from a particular sample approximates the results of a complete enumeration. The coefficient of variation (expressed as a percent) is the standard error of the estimate times 100 percent, divided by the estimate. Note that the coefficient of a variation is an estimate derived from the sample and is also subject to sampling variability. Table K gives the estimates of the coefficients of variation in percent for the quarterly dollar value of Net sales, Depreciation, Inventories, and Total assets estimates as shown in this report. Also in Table K are the estimates of the standard errors for the item Income before income taxes. Note that these estimated coefficients of variation and standard errors are biased downward because of present estimation techniques for the standard error. Therefore, the estimated coefficients of variation and the standard error represent a lower bound to this measure of precision. The coefficients of variation presented in the table permit certain confidence statements about the sample estimates. As noted before, the particular sample used in this survey is one of a large number of samples of the same size that could have been selected using the same design. In about 2 out of 3 (67 percent) of these samples, the estimate would differ from a complete enumeration by less than the corresponding percent for that estimate shown in the sampling variability table. In about 19 out of 20 (95 percent) of these samples, the estimates would differ from the results of a complete enumeration by less than twice the percentage shown. 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 coefficient of variation for this estimate, as given in Table K is 0.2 percent or 0.002. Multiplying $525,000 million by 0.002 yields $1,050 million. Therefore, a 67-percent confidence interval is $523,950 million to $526,050 million ($525,000 million plus or minus $1,050 million). If corresponding confidence intervals were constructed for all XI U.S. Census Bureau possible samples of the same size and design, approximately 2 out of 3 (67 percent) of the intervals would contain the figure obtained from a complete enumeration. Similarly, a 95-percent confidence interval is $522,900 million to $527,100 million ($525,000 million plus or minus $2,100 million). To illustrate the computations involved in the above confidence statements as related to income before income taxes estimates, assume that an estimate of income before income taxes for all manufacturing published in Table 1.0 is $18,571 million for a particular quarter and that the standard error for this estimate, as given in Table K is 0.3. Thus, a 67-percent confidence interval is $18,570.7 million to $18,571.3 million ($18,571 million plus or minus $0.3 million). This 67-percent confidence interval would have the same properties as the 67-percent confidence interval discussed in the previous paragraph. A 95-percent confidence interval is $18,570.4 million to $18,571.6 million ($18,571 million plus or minus $0.6 million). Nonsampling Errors: Nonsampling errors arise from many sources: (1) inability to obtain information about all cases in the sample, (2) response errors, (3) definitional difficulties, (4) differences in the interpretation of questions, (5) mistakes in recording or coding the data obtained, and (6) other errors of collection, response, coverage, and estimation of missing data. These nonsampling errors also occur in complete censuses. Some examples of circumstances and individual corporate practices which lead to nonsampling errors are: a. Corporations in Chapter XI bankruptcy are unable to prepare a report within QFR time frames. Although these corporations have continuing operations and are therefore required to file QFR reports, courtimposed constraints sometimes make timely compliance impossible. b. Requiring precise, audited data to be reported within 25 days after the end of the corporation’s quarter could impose a significant burden. Therefore, the submission of estimated data is permissible. This practice may lead to some measurement error. c. Small corporations frequently lack sophisticated recordkeeping systems to generate quarterly financial data. They also may lack the staff to prepare precise, detailed QFR reports. Inconsistency in classification of data items from quarter to quarter may lead to a bias of unknown direction. d. Occasionally, corporations electing to be taxed through their shareholders (1120S) and cooperatives are drawn into the sample. These enterprises use specialized systems of accounts and terminology in reporting financial results. There are parallel classifications created to link traditional corporate accounting to this specialized accounting, but the resulting match is not perfect. The XII sales and profits of cooperatives and 1120S corporations are small relative to most industry totals, but their special problems do lessen estimate accuracy. As calculated for this report, the coefficients of variation measure certain nonsampling errors but do not measure any systematic biases in the data. Bias is the difference, averaged over all possible samples of the same size and design, between the estimate and the true value being estimated. Although no direct measures of the biases have been obtained, precautionary steps were taken in all phases of the collection, processing, and tabulation of the data in an effort to minimize their influence. One major source of bias in the published estimates is due to imputing data for nonrespondents, for late reporters, and for data which fail edit. Comparisons with Other Statistics: QFR estimates will not necessarily agree with other financial and industrial statistics compilations whether based upon a sample or complete canvass. For example: a. 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. b. Each corporation which filed either a U.S. Corporation Income Tax Return (i.e., Form 1120 or 1120S) or an application for a Federal Social Security Employer’s Identification Number and was classified in one of the four QFR industry divisions 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. Furthermore, to redistribute the reporting responsibility as equitably as possible among the smallest corporations, one-eighth of the nonexhaustive sample stratum is replaced each quarter. The QFR estimates may therefore differ significantly from estimates based upon reports for identical groups of corporations. c. 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. d. Corporations’ QFR submissions generally embody the accounting conventions adopted for financial reporting purposes. As such, they may differ from those used by U.S. Census Bureau corporations for reporting income to the IRS; e.g., in the more frequent application of accelerated depreciation on tax returns. Therefore, annual income and balance sheet information derived from tax returns dating back to 1909, which can be found in the IRS report series Statistics of Income: Corporation Income Tax Returns, may not be comparable. e. 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. f. 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 which 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 which are not necessarily identical from corporation to corporation. Changes in the Series—Accounting: When the QFR series began in 1947, corporations were instructed to consolidate all of their subsidiaries which were taxable under the U.S. Internal Revenue Code and which were fully consolidated in their latest report to stockholders. All other subsidiaries were to be accounted for as investments. Closely held corporations which 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. An interagency task force composed of user agency representatives was created to resolve this problem. 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 Coverage). 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 a 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 advent of this format, this adjustment is not made. Thus, the 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:1 a. There was a net decrease in sales, apparently due to the exclusion of foreign activities previously included. b. 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. c. 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) of nonconsolidated subsidiaries were not extensive enough to affect comparative published data materially. d. 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. Now, since foreign activity is not fully consolidated, investments in these subsidiaries are included in the noncurrent asset line. Changes in the Series—Industry Classification: In the reports for the first quarter of 1947 through the fourth quarter of 1958, classification was based on the 1945 edition of the SIC Manual. Beginning with the first quarter of 1 See the QFR, Second Quarter 1975, Appendix Tables I and II. XIII U.S. Census Bureau 1959, corporations were classified within the framework of the 1957 SIC edition. The SIC was revised again in 1967, but did not affect the level of aggregation used in the QFR. A 1972 SIC revision required the reclassification of some corporations. Reclassifications having a measurable effect on the industry estimates were incorporated in the fourth-quarter revision of the 1972 data published in the first quarter of the 1973 QFR. Similarly, the 1987 SIC revision has resulted in some reclassifications. Revisions of 1987 data provided in the first quarter of 1988 include measurable changes. Beginning in 1969, Newspaper Publishing was included in the QFR coverage of manufacturing corporations. Prior to the first quarter of 1974, a corporation was classified as a manufacturer only if 50 percent or more of its gross receipts were derived from manufacturing operations. The new classification rules (see How Corporations Are Classified by Industry) are more inclusive. Therefore, in the series existing prior to 1974, fewer corporations qualified for inclusion as manufacturers. Changes in the Series—Sampling: 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. A second sample was drawn from income tax returns for the taxable year 1949. The third (current) sample was drawn from income tax returns for the taxable year 1954 and each taxable year thereafter. Each sample has been supplemented by quarterly samples of applications for a Federal Social Security Employer’s Identification Number filed with the SSA. The second and third samples were drawn in order to redistribute the reporting responsibility among the smallest corporations and to maintain representativeness on a current basis. (The older the sample, the less representative it is of the current population.) The third (current) sample meets both requirements to the fullest extent permitted by known sampling methodology, consistent with a minimal budgetary allocation. The first sample was used to generate estimates for each quarter in calendar years 1947 to 1951, inclusive; the second sample, from the third quarter of 1951 to the second quarter of 1956, inclusive; the third (current) sample, from the second quarter of 1956 to date. From the third quarter 1977 through the fourth quarter 1986, the strata including very small manufacturing firms (generally those with assets less than $250,000) and all newly incorporated manufacturers were estimated for by multivariate techniques. Beginning in the first quarter 1987, the QFR universe of corporations has been redefined to exclude these strata. In the fourth quarter of 1987 through the third quarter of 1988, the mining, wholesale and retail trade tables only included estimates for corporations with assets of $25 million and over at the time of sample selection, fall 1987. Prior to that quarter, estimates were based upon reports from corporations with that XIV asset level at the end of the reference quarter. Beginning in the fourth quarter of 1988, the asset level for inclusion in published mining, wholesale and retail trade estimates was raised to $50 million at the time of sample selection. For 50 years, the QFR Program has requested a sample of corporations to file financial data on a universal form. In 1980, Congress mandated a reduction in both QFR form complexity and sample size. In response, the program adopted a short form for surveyed corporations generally with total assets of less than $50 million. Corporations with higher asset values submit the long form, which has been in use since 1974. To accomplish the sample size cut, 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 Description of the Sample on page XI.) 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 Q4 1981 report as follows: a. Tables presenting universe estimates by SIC division and major group are published on the short-form basis. Therefore, the more detailed data submitted by larger corporations (generally those with assets of $50 million and over) are collapsed in these tables. Immediately following, on pages XVII and XVIII, is a table used by the program which provides the reader with a key to trace ‘‘long’’ to ‘‘short’’ format conversion. b. Tables presenting estimates by major group for manufacturing corporations with assets of $25 million and over are published on the long-form basis but are presented separately. c. The combination of change in sample design; i.e., raising of the sampling threshold with further sample size cuts in small company strata, and the updating of IRS population estimates necessitated revision of previously published estimates for Q4 1980-Q3 1981. d. It is especially important to note that published universe estimates of ‘‘Income (or loss) before taxes’’ include all equity in earnings (losses) from nonconsolidated subsidiaries and foreign branches. This change places these universe estimates on a different basis than those previously published. To minimize the impact of this change, please consider the following: 1. Corporations filing the ‘‘short form’’ report equity in earnings (losses) of nonconsolidated subsidiaries and foreign branches as a component of ‘‘Net 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. U.S. Census Bureau 2. 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 (following page), this data item is collapsed for universe estimation into ‘‘Net 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, for the most part, through subtraction. New tables were also introduced in the Q4 1981 publication that provide the user with the following: a. Asset size data (under $25 million, $25 million and over) by SIC major groups in manufacturing; b. SIC major group data for wholesale trade (SIC 50 and 51) and retail trade (SIC 53, 54, and all other); c. More asset size breaks for durable and nondurable manufacturing industries; and d. Historical rates of return tables for wholesaling, retailing, and mining. Data Revisions: Revisions to the QFR data are attributable primarily to industry reclassifications of major corporations involved in merger/acquisition activities or restructuring of operations. 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. Also, when respondents submit corrections after publication, we reflect such corrections in the next publication. Summary Chronology of Discontinuities: Because of the various QFR series changes discussed above, discontinuities were introduced that affect use of the published estimates in constructing time series. In order to help users evaluate the adequacy of past data for the analysis of economic changes, a table of discontinuities is provided. Note that not all aggregates are affected by all discontinuities. The user will need to examine each situation in the light of his or her needs. XV U.S. Census Bureau CONVERSION TABLE 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] 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . XVII CONVERSION TABLE 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] XVIII 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............. ............. 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] [21] [21] [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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ............ ............ ............ ............ Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Total Liabilities and Stockholders’ Equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . NET WORKING CAPITAL: Excess of total current assets over total current liabilities. . . . . . . . . . . . . . . Table of Discontinuities in Quarterly Financial Report Series YEAR OF OCCURRENCE 1951 1956 1958 1969 1973 1974 REASON Change of Sample for Q1-Q2 1951 Change of Sample Adoption of 1957 SIC Inclusion of Newspapers Industry reclassifications and adoption of 1972 SIC Change in Questionnaire, Rules of Consolidation, and Rules for Industry Classification Change in Inventory Valuation Industry Reclassifications Industry Reclassifications Adjustment of Level, All Mining Industry Reclassifications Industry Reclassifications Industry Reclassifications Industry Reclassifications Industry Reclassifications Adjustment of Level, All Divisions Industry Reclassifications Industry Reclassifications Industry Reclassifications Industry Reclassifications Industry Reclassifications Collapse of Tobacco Industry Data into Food Industry Data Industry Reclassifications and Redefinition of Manufacturing Universe Change in Definition of Mining and Trade Samples Industry Reclassifications Change in Definition of Mining and Trade Samples Industry Reclassifications Industry Reclassifications Industry Reclassifications Industry Reclassifications Industry Reclassifications Industry Reclassifications Industry Reclassifications Change in Definition of Manufacturing, Mining and Trade Samples Change in Presentation of Financial Data PERIODS FOR WHICH OVERLAP DATA WERE PROVIDED Q3 1951-Q4 1951 (Revised data) Q2 1956 Q1 1958-Q4 1958 No overlap provided Q1 1972-Q4 1972 All items, Q4 1973 Six items, Q1 1974-Q4 1974 One item, Q4 1973-Q4 1974 Q1 1974-Q4 1974 Q1 1975-Q4 1975 Q4 1975-Q3 1976 Q1 1976-Q4 1976 Q1 1977-Q4 1977 Q1 1978-Q4 1978 Q1 1979-Q4 1979 Q1 1980-Q4 1980 Q4 1980-Q3 1981 Q1 1981-Q4 1981 Q1 1982-Q4 1982 Q1 1983-Q4 1983 Q1 1984-Q4 1984 Q1 1985-Q4 1985 Q1 1985-Q4 1985 Q1 1986-Q4 1986 Q1 1973 Q1 1974 Q2 1975-Appendix Table II Q2 1975-Appendix Tables III and IV Q1 1975 Q1 1976 Q4 1976 Q1 1977 Q1 1978 Q1 1979 Q1 1980 Q1 1981 Q4 1981 Q1 1982 Q1 1983 Q1 1984 Q1 1985 Q1 1986 Q1 1986 Q1 1987 REPORT IN WHICH NEW OR REVISED DATA APPEARED Q2 1952 Q3 1956 Q1 1959 1974 1975 1976 1976 1977 1978 1979 1980 1981 1981 1981 1982 1983 1984 1985 1985 1986 1987 1988 1988 1989 1990 1991 1992 1993 1994 1995 1996 1998 Q4 1986-Q3 1987 Q1 1987-Q4 1987 Q4 1987-Q3 1988 Q1 1988-Q4 1988 Q1 1989-Q4 1989 Q1 1990-Q4 1990 Q1 1991-Q4 1991 Q1 1992-Q4 1992 Q1 1993-Q4 1993 Q1 1994-Q4 1994 Q4 1994-Q3 1995 Q1 1997-Q4 1997 Q4 1987 Q1 1988 Q4 1988 Q1 1989 Q1 1990 Q1 1991 Q1 1992 Q1 1993 Q1 1994 Q1 1995 Q4 1995 Q1 1998 XIX U.S. Census Bureau SUMMARY DATA TABLES XXI U.S. Census Bureau TABLE A RATES OF CHANGE IN SALES AND PROFITS OF ALL MANUFACTURING, MINING, AND TRADE CORPORATIONS, BY DIVISION AND MAJOR GROUP (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 19992 1Q 19992 (million dollars) All manufacturing corporations. . . . . . . . . . . . . . . . . . . . . . . Nondurable manufacturing corporations . . . . . . . . . . . . Food and kindred products4 . . . . . . . . . . . . . . . . . . . . Textile mill products . . . . . . . . . . . . . . . . . . . . . . . . . . . . Apparel6 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paper and allied products . . . . . . . . . . . . . . . . . . . . . . Printing and publishing . . . . . . . . . . . . . . . . . . . . . . . . . Chemicals and allied products . . . . . . . . . . . . . . . . . . Industrial chemicals and synthetics7 . . . . . . . . . . Drugs7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Residual of chemicals7. . . . . . . . . . . . . . . . . . . . . . Petroleum and coal products. . . . . . . . . . . . . . . . . . . . Rubber and miscellaneous plastics products . . . . . . Durable manufacturing corporations. . . . . . . . . . . . . . . . Stone, clay, and glass products . . . . . . . . . . . . . . . . . . Primary metal industries . . . . . . . . . . . . . . . . . . . . . . . . Iron and steel7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonferrous metals7 . . . . . . . . . . . . . . . . . . . . . . . . . Fabricated metal products . . . . . . . . . . . . . . . . . . . . . . Machinery, except electrical. . . . . . . . . . . . . . . . . . . . . Electrical and electronic equipment . . . . . . . . . . . . . . Transportation equipment. . . . . . . . . . . . . . . . . . . . . . . Motor vehicles and equipment7 . . . . . . . . . . . . . . Aircraft, guided missiles, and parts7 . . . . . . . . . . Instruments and related products . . . . . . . . . . . . . . . Other durable manufacturing corporations . . . . . . . Lumber and wood products7 . . . . . . . . . . . . . . . . . Furniture and fixtures7 . . . . . . . . . . . . . . . . . . . . . . Miscellaneous manufacturing7 . . . . . . . . . . . . . . . All mining corporations8. . . . . . . . . . . . . . . . . . . . . . . . . . . . . All retail trade corporations8 . . . . . . . . . . . . . . . . . . . . . . . . . All wholesale trade corporations8 . . . . . . . . . . . . . . . . . . . . 1 2 3 Rate of change 2Q 2000 2Q 1999 to 2Q 2000 (percent) 1,147,548 524,277 127,882 15,219 18,107 47,838 49,727 124,512 44,239 42,744 37,529 108,731 32,261 623,270 24,123 41,234 22,139 19,095 48,487 118,622 133,980 178,544 125,499 40,544 32,871 45,409 17,915 18,638 8,856 20,166 NA 315,862 +10 +14 +5 3 3 1Q 2000 to 2Q 2000 1,044,995 458,988 121,433 15,378 17,409 41,281 47,210 119,085 39,960 39,068 40,057 67,090 30,101 586,006 20,715 37,664 18,988 18,676 46,211 112,759 119,556 171,105 120,880 39,864 30,257 47,740 19,527 18,469 9,744 16,214 296,860 281,787 1,087,835 494,025 122,514 14,177 17,731 45,970 47,410 119,884 41,553 42,348 35,983 95,826 30,512 593,810 19,770 40,584 21,296 19,288 47,017 110,776 127,281 173,950 126,558 35,194 30,648 43,784 16,950 17,680 9,154 18,855 314,042 305,114 +5 +6 +4 3 3 3 +16 +5 +5 +11 +9 −6 +62 3 +5 +4 +6 3 +4 +13 3 +6 +16 +9 +17 3 3 +5 +22 3 3 3 3 +5 +12 +4 +4 +2 +9 3 3 3 3 +7 +5 +3 3 +15 +7 3 3 3 3 +24 NA +12 +7 NA +4 Includes net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries net of foreign taxes. Some of the data in this column have been revised since their first appearance. See footnotes to Tables 1.0 — 52.1. Sampling variability precludes characterizing change. 4 Includes tobacco industry. 5 Change in excess of 100 percent, or change from gain to loss or vice versa. 6 Includes leather industry. 7 Included in major industry above. 8 Mining, wholesale and retail trade data are the quarterly results of companies in those divisions with assets over $50 million. Data for manufacturing corporations represent the quarterly results of companies with assets over $250,000. XXII U.S. Census Bureau Income before income taxes1 Rate of change 2Q 19992 1Q 20002 (million dollars) 96,201 40,673 11,757 322 576 2,545 6,113 12,435 3,367 3,758 5,309 5,050 1,874 55,528 2,646 1,776 595 1,181 3,789 12,719 11,510 15,573 10,389 3,997 3,748 3,768 1,712 1,291 765 184 11,876 6,344 103,360 48,768 10,377 421 999 3,574 6,207 14,907 3,520 7,195 4,191 10,316 1,966 54,592 1,155 2,073 697 1,375 3,986 8,969 17,437 14,202 10,104 3,026 4,258 2,513 766 863 884 1,538 11,620 8,212 109,305 53,086 10,354 248 1,017 3,404 5,018 16,373 3,703 8,135 4,535 14,723 1,947 56,220 1,739 2,027 692 1,336 3,847 11,430 16,687 13,632 9,246 3,360 4,273 2,583 956 1,141 486 2,736 NA 7,898 2Q 2000 2Q 1999 to 2Q 2000 1Q 2000 to 2Q 2000 2Q 19992 Income after income taxes1 Rate of change 1Q 20002 (million dollars) +6 +9 3 2Q 2000 2Q 1999 to 2Q 2000 1Q 2000 to 2Q 2000 (percent) +14 +31 −12 3 (percent) 80,125 40,780 7,810 150 752 2,419 3,433 14,167 3,019 7,530 3,617 10,584 1,466 39,345 1,319 1,424 445 979 2,893 8,185 10,729 9,991 6,825 2,433 3,024 1,781 811 697 273 1,928 NA 4,824 +15 +36 −9 3 3 69,831 29,976 8,544 140 386 1,710 4,217 9,595 2,429 3,200 3,966 3,981 1,401 39,856 1,950 1,277 360 917 3,101 8,656 7,964 11,345 7,343 3,128 2,779 2,783 1,383 877 523 118 7,008 4,151 75,527 36,772 7,659 270 736 2,570 4,010 12,041 2,936 5,819 3,287 8,079 1,406 38,755 774 1,533 451 1,082 3,136 6,344 11,737 10,182 7,322 2,120 3,216 1,833 610 554 669 1,193 6,953 4,985 +6 +11 3 −41 3 3 −44 3 +76 +34 −18 +32 +10 5 −15 5 3 3 −19 +10 +5 +13 +8 +43 3 +41 −19 +48 +24 5 −6 −14 +18 3 −9 5 3 3 +29 +10 +31 3 3 −34 +14 3 +3 +51 3 3 3 3 −32 3 3 3 3 3 +70 3 3 +13 3 −10 3 −10 +45 −12 −11 −16 +14 −31 −44 −12 −37 5 +27 −4 −4 −8 +11 3 3 3 +35 −12 −7 −22 3 +29 −9 −2 −7 +15 3 3 3 3 +32 −45 +78 NA 3 −36 −41 −20 −48 5 −59 +62 NA 3 NA +24 NA +16 XXIII U.S. Census Bureau TABLE B PROFITS PER DOLLAR OF SALES, BY DIVISION AND MAJOR GROUP (Cents) Income before income taxes1 Industry 2Q 1999 9.2 8.9 9.7 2.1 3.3 6.2 12.9 10.4 8.4 9.6 13.3 7.5 6.2 9.5 12.8 4.7 3.1 6.3 8.2 11.3 9.6 9.1 8.6 10.0 12.4 7.9 8.8 7.0 7.9 1.1 4.0 2.3 3Q 1999 8.6 9.2 9.0 3.1 7.5 6.5 10.0 11.3 6.5 19.0 8.2 10.9 4.4 8.1 12.4 3.6 1.4 6.0 9.0 7.9 10.7 6.2 5.9 6.7 12.9 6.3 6.5 6.2 6.0 8.5 4.3 2.5 4Q 1999 8.0 7.9 9.1 2.1 3.8 8.1 12.3 9.4 5.3 18.4 3.6 4.6 3.7 8.0 9.1 2.0 0.8 3.3 5.9 6.9 13.0 6.4 6.7 5.7 15.7 4.9 4.9 6.7 1.5 1.8 5.7 2.0 1Q 2000 9.5 9.9 8.5 3.0 5.6 7.8 13.1 12.4 8.5 17.0 11.6 10.8 6.4 9.2 5.8 5.1 3.3 7.1 8.5 8.1 13.7 8.2 8.0 8.6 13.9 5.7 4.5 4.9 9.7 8.2 3.7 2.7 2 Income after income taxes2 2Q 2000 9.5 10.1 8.1 1.6 5.6 7.1 10.1 13.1 8.4 19.0 12.1 13.5 6.0 9.0 7.2 4.9 3.1 7.0 7.9 9.6 12.5 7.6 7.4 8.3 13.0 5.7 5.3 6.1 5.5 13.6 NA 2.5 2Q 1999 6.7 6.5 7.0 0.9 2.2 4.1 8.9 8.1 6.1 8.2 9.9 5.9 4.7 6.8 9.4 3.4 1.9 4.9 6.7 7.7 6.7 6.6 6.1 7.8 9.2 5.8 7.1 4.7 5.4 0.7 2.4 1.5 3Q 1999 6.3 7.0 6.2 2.1 5.3 4.2 6.9 9.7 5.0 18.1 5.8 8.5 3.2 5.7 8.8 2.4 0.4 4.6 7.2 5.2 7.3 4.4 4.3 4.4 9.1 4.6 5.3 3.5 5.1 6.8 2.7 1.7 4Q 1999 5.7 5.8 6.3 0.9 1.9 5.3 7.7 7.5 3.5 16.5 1.3 4.8 3.1 5.6 5.7 1.5 (0.1) 3.3 4.2 4.6 9.0 4.5 4.7 4.0 12.0 3.5 3.3 4.9 1.4 0.5 3.6 1.1 1Q 2000 6.9 7.4 6.3 1.9 4.2 5.6 8.5 10.0 7.1 13.7 9.1 8.4 4.6 6.5 3.9 3.8 2.1 5.6 6.7 5.7 9.2 5.9 5.8 6.0 10.5 4.2 3.6 3.1 7.3 6.3 2.2 1.6 2Q 2000 7.0 7.8 6.1 1.0 4.2 5.1 6.9 11.4 6.8 17.6 9.6 9.7 4.5 6.3 5.5 3.5 2.0 5.1 6.0 6.9 8.0 5.6 5.4 6.0 9.2 3.9 4.5 3.7 3.1 9.6 NA 1.5 All manufacturing corporations . . . . . . . . . . . . . . . . . Nondurable manufacturing corporations. . . . . . . Food and kindred products3 . . . . . . . . . . . . . . . Textile mill products . . . . . . . . . . . . . . . . . . . . . . Apparel4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paper and allied products . . . . . . . . . . . . . . . . . Printing and publishing . . . . . . . . . . . . . . . . . . . Chemicals and allied products . . . . . . . . . . . . . Industrial chemicals and synthetics5 . . . . Drugs5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Residual of chemicals5 . . . . . . . . . . . . . . . . Petroleum and coal products . . . . . . . . . . . . . . Rubber and miscellaneous plastics products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Durable manufacturing corporations . . . . . . . . . . Stone, clay, and glass products. . . . . . . . . . . . Primary metal industries . . . . . . . . . . . . . . . . . . Iron and steel5 . . . . . . . . . . . . . . . . . . . . . . . Nonferrous metals5 . . . . . . . . . . . . . . . . . . . Fabricated metal products . . . . . . . . . . . . . . . . Machinery, except electrical . . . . . . . . . . . . . . . Electrical and electronic equipment . . . . . . . . Transportation equipment . . . . . . . . . . . . . . . . . Motor vehicles and equipment5 . . . . . . . . . Aircraft, guided missiles, and parts5 . . . . . Instruments and related products . . . . . . . . . . Other durable manufacturing corporations . . Lumber and wood products5 . . . . . . . . . . . Furniture and fixtures5 . . . . . . . . . . . . . . . . Miscellaneous manufacturing5 . . . . . . . . . . All mining corporations6 . . . . . . . . . . . . . . . . . . . . . . . All retail trade corporations6 . . . . . . . . . . . . . . . . . . . All wholesale trade corporations6 . . . . . . . . . . . . . . . 1 Based on profit figures which include net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes. 2 Some of the rates in this column have been revised since their first appearance. See footnotes to Tables 1.0 — 52.1. 3 Includes tobacco industry. 4 Includes leather industry. 5 Included in major industry above. 6 Mining, wholesale and retail trade data are the quarterly results of companies in those divisions with assets over $50 million. Data for manufacturing corporations represent the quarterly results of companies with assets over $250,000. XXIV U.S. Census Bureau TABLE C PROFITS PER DOLLAR OF SALES, MANUFACTURING CORPORATIONS, BY ASSET SIZE (Cents) Income before income taxes1 Asset size 2Q 1999 9.2 7.0 5.7 6.7 6.8 4.9 5.2 6.1 10.8 9.5 8.0 6.8 7.2 7.0 5.0 6.4 5.1 11.2 8.9 5.3 3.8 6.0 6.6 4.8 3.8 7.4 10.3 3Q 1999 8.6 5.9 7.1 6.2 4.4 4.3 4.8 5.2 10.3 8.1 6.4 8.0 6.8 5.5 3.9 4.8 5.2 9.5 9.2 5.1 5.7 5.4 3.0 4.7 4.9 5.3 11.1 4Q 1999 8.0 1.6 3.1 4.6 3.5 4.4 3.6 4.0 10.2 8.0 1.9 3.1 5.3 3.5 4.6 4.6 4.6 10.2 7.9 1.1 3.1 3.5 3.4 4.2 2.3 3.1 10.1 1Q 2000 9.5 7.1 7.5 6.2 5.0 3.3 4.4 7.1 11.1 9.2 7.9 7.9 6.1 5.3 3.6 5.5 7.0 10.6 9.9 5.5 7.0 6.2 4.6 2.9 3.1 7.3 11.7 2 Income after income taxes2 2Q 2000 9.5 7.3 7.0 7.0 5.0 5.4 4.3 7.6 10.9 9.0 7.6 7.1 7.3 5.0 5.6 5.2 8.5 10.0 10.1 6.6 6.8 6.5 5.0 5.1 3.3 6.2 11.9 2Q 1999 6.7 6.3 4.8 5.5 5.3 3.6 3.4 3.7 7.8 6.8 7.2 5.8 6.0 5.3 3.5 4.6 3.0 7.9 6.5 4.7 3.2 4.9 5.4 3.8 1.9 4.6 7.7 3Q 1999 6.3 5.1 6.2 5.1 3.2 3.0 3.3 3.0 7.5 5.7 5.5 6.8 5.6 4.3 2.7 3.1 3.0 6.5 7.0 4.5 5.1 4.4 1.8 3.3 3.4 3.0 8.5 4Q 1999 5.7 1.0 2.2 3.7 2.2 3.6 2.0 1.9 7.4 5.6 1.2 2.1 4.2 2.4 3.6 3.1 2.7 7.2 5.8 0.6 2.3 3.1 2.0 3.6 0.8 0.9 7.7 1Q 2000 6.9 6.4 6.5 5.3 3.6 2.3 2.9 4.9 8.0 6.5 7.2 6.6 5.2 3.7 2.2 3.7 4.5 7.3 7.4 5.1 6.3 5.5 3.5 2.3 2.0 5.5 8.7 2Q 2000 7.0 6.5 5.9 5.8 3.7 3.9 2.9 5.2 7.9 6.3 7.0 5.9 5.8 3.5 3.9 3.7 5.6 6.8 7.8 5.7 5.9 5.8 3.9 3.9 2.0 4.5 9.1 All manufacturing corporations . . . . . . . . . . . . . . . . . Under $5 million3 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $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 . . . . . . . . . . . . . . . . . . . . . . Durable goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . . . Nondurable goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . . . 3 3 1 Based on profit figures which include net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes. 2 Some of the rates in this column have been revised since their first appearance. See footnotes to Tables 1.0 — 52.1. 3 Excludes manufacturing corporations with less than $250,000 in assets at the time of sample selection. (See text, page XI.) XXV U.S. Census Bureau TABLE D ANNUAL RATES OF PROFIT ON STOCKHOLDERS’ EQUITY, BY DIVISION AND MAJOR GROUP (Percent) Income before income taxes1 Industry 2Q 1999 25.0 23.6 36.4 7.4 14.1 17.2 34.7 22.9 19.9 19.2 30.0 13.8 22.0 26.2 36.2 13.1 9.7 15.9 25.8 29.2 17.9 38.5 40.5 34.0 22.6 32.3 41.8 28.0 25.8 1.1 22.0 14.8 3Q 1999 23.1 25.0 33.7 11.9 35.7 18.9 27.2 23.6 14.1 37.4 17.5 23.0 15.9 21.6 38.0 10.1 4.2 15.2 27.7 19.8 19.2 24.2 25.4 21.0 23.0 25.0 31.5 23.7 18.3 8.7 23.4 16.5 4Q 1999 21.2 21.3 35.5 8.0 17.9 21.7 35.0 19.6 11.6 36.4 7.5 9.4 12.9 21.2 24.7 5.6 2.5 8.4 17.7 17.1 23.1 25.7 29.5 19.3 28.4 19.2 20.6 27.8 5.1 1.9 33.8 13.7 1Q 2000 24.1 26.2 30.8 10.9 26.1 21.1 32.8 25.9 18.4 34.2 24.1 24.1 22.5 22.6 12.6 15.0 10.6 19.1 25.7 18.8 21.6 31.5 34.5 24.0 22.7 22.1 18.0 19.9 31.5 8.1 19.9 18.2 2 Income after income taxes2 2Q 2000 24.2 27.0 30.9 6.8 27.0 19.3 25.3 27.4 19.5 36.8 24.2 29.5 22.4 22.0 17.3 14.1 10.7 17.0 25.0 23.5 18.6 29.7 31.0 26.5 22.1 22.4 22.1 25.3 17.9 13.9 NA 17.2 2Q 1999 18.2 17.4 26.4 3.2 9.5 11.5 23.9 17.7 14.3 16.3 22.4 10.9 16.4 18.8 26.7 9.4 5.9 12.3 21.1 19.9 12.4 28.0 28.6 26.6 16.7 23.8 33.8 19.0 17.6 0.7 13.0 9.7 3Q 1999 16.8 18.9 23.5 8.0 25.6 12.2 18.8 20.3 10.8 35.6 12.3 17.8 11.6 15.1 27.0 6.7 1.1 11.6 22.2 13.0 13.0 17.1 18.5 13.8 16.3 18.3 26.1 13.4 15.5 7.0 14.4 11.2 4Q 1999 15.2 15.7 24.4 3.5 9.0 14.2 22.0 15.5 7.7 32.7 2.8 9.9 10.8 14.8 15.4 4.3 (0.2) 8.4 12.6 11.4 16.1 18.0 20.7 13.6 21.8 13.8 13.9 20.1 4.6 0.6 21.1 8.0 1Q 2000 17.6 19.7 22.8 7.0 19.3 15.2 21.2 20.9 15.4 27.7 18.9 18.9 16.1 16.0 8.5 11.1 6.9 15.0 20.2 13.3 14.6 22.6 25.0 16.8 17.1 16.1 14.4 12.8 23.8 6.3 11.9 11.0 2Q 2000 17.7 20.7 23.3 4.1 19.9 13.7 17.3 23.7 15.9 34.1 19.3 21.2 16.9 15.4 13.1 9.9 6.9 12.5 18.8 16.8 11.9 21.8 22.9 19.2 15.6 15.4 18.8 15.5 10.0 9.8 NA 10.5 All manufacturing corporations . . . . . . . . . . . . . . . . . Nondurable manufacturing corporations . . . . . . . Food and kindred products3 . . . . . . . . . . . . . . . Textile mill products . . . . . . . . . . . . . . . . . . . . . . Apparel4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paper and allied products . . . . . . . . . . . . . . . . . Printing and publishing . . . . . . . . . . . . . . . . . . . Chemicals and allied products . . . . . . . . . . . . . Industrial chemicals and synthetics5 . . . . Drugs5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Residual of chemicals5 . . . . . . . . . . . . . . . . Petroleum and coal products . . . . . . . . . . . . . . Rubber and miscellaneous plastics products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Durable manufacturing corporations . . . . . . . . . . Stone, clay, and glass products. . . . . . . . . . . . Primary metal industries . . . . . . . . . . . . . . . . . . Iron and steel5 . . . . . . . . . . . . . . . . . . . . . . . Nonferrous metals5 . . . . . . . . . . . . . . . . . . . Fabricated metal products . . . . . . . . . . . . . . . . Machinery, except electrical . . . . . . . . . . . . . . . Electrical and electronic equipment . . . . . . . . Transportation equipment . . . . . . . . . . . . . . . . . Motor vehicles and equipment5 . . . . . . . . . Aircraft, guided missiles, and parts5 . . . . . Instruments and related products . . . . . . . . . . Other durable manufacturing corporations . . Lumber and wood products5 . . . . . . . . . . . . Furniture and fixtures5 . . . . . . . . . . . . . . . . . . Miscellaneous manufacturing5 . . . . . . . . . . . All mining corporations6 . . . . . . . . . . . . . . . . . . . . . . . All retail trade corporations6 . . . . . . . . . . . . . . . . . . . All wholesale trade corporations6 . . . . . . . . . . . . . . . 1 Based on profit figures which include net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes. 2 Some of the rates in this column have been revised since their first appearance. See footnotes to Tables 1.0 — 52.1. 3 Includes tobacco industry. 4 Includes leather industry. 5 Included in major industry above. 6 Mining, wholesale and retail trade data are the quarterly results of companies in those divisions with assets over $50 million. Data for manufacturing corporations represent the quarterly results of companies with assets over $250,000. XXVI U.S. Census Bureau TABLE E ANNUAL RATES OF PROFIT ON STOCKHOLDERS’ EQUITY, MANUFACTURING CORPORATIONS, BY ASSET SIZE (Percent) Income before income taxes1 Asset size 2Q 1999 25.0 37.6 25.8 27.5 26.1 15.3 18.1 17.8 26.0 26.2 41.0 29.8 28.6 27.9 13.4 19.1 15.1 27.8 23.6 30.7 18.5 25.8 23.9 18.9 16.1 21.5 24.0 3Q 1999 23.1 31.4 34.4 25.0 17.0 14.4 17.1 15.4 24.1 21.6 32.1 36.9 25.9 21.4 11.4 14.7 15.4 22.1 25.0 30.1 29.6 23.6 11.2 19.9 21.2 15.4 26.4 4Q 1999 21.2 9.1 14.8 19.0 13.3 14.5 13.1 11.6 23.8 21.2 10.0 14.0 21.2 13.1 13.1 13.7 13.3 23.9 21.3 7.0 16.3 15.6 13.6 16.7 11.9 9.2 23.7 1Q 2000 24.1 37.3 33.2 24.4 18.1 10.7 15.1 19.4 24.9 22.6 38.8 31.1 23.8 18.0 10.3 14.8 18.6 23.0 26.2 33.7 37.4 25.3 18.2 11.4 15.7 20.5 27.3 2 Income after income taxes2 2Q 2000 24.2 38.3 31.9 28.3 20.3 18.4 15.0 21.3 24.3 22.0 38.1 30.2 28.3 18.8 16.4 14.2 22.9 21.4 27.0 38.8 35.2 28.4 22.2 21.9 16.5 18.6 27.8 2Q 1999 18.2 33.8 22.0 22.8 20.3 11.2 11.9 10.8 18.7 18.8 37.0 25.6 24.1 21.0 9.3 13.8 8.8 19.5 17.4 27.3 15.5 21.1 19.5 14.8 8.3 13.4 17.8 3Q 1999 16.8 27.2 29.7 20.7 12.3 10.2 11.5 8.9 17.5 15.1 27.4 31.5 21.6 16.5 7.9 9.5 8.8 15.2 18.9 26.8 26.1 19.3 6.9 14.2 14.9 8.9 20.2 4Q 1999 15.2 5.4 10.5 15.6 8.5 11.9 7.3 5.7 17.4 14.8 6.2 9.5 16.9 8.8 10.4 9.0 7.8 16.9 15.7 3.7 12.2 13.6 8.1 14.1 3.9 2.7 18.1 1Q 2000 17.6 33.7 28.6 20.9 13.1 7.4 10.0 13.5 17.9 16.0 35.0 26.1 20.0 12.6 6.5 10.0 12.1 15.9 19.7 30.9 33.7 22.2 13.8 9.1 10.0 15.4 20.3 2Q 2000 17.7 34.3 26.8 23.4 15.1 13.3 9.9 14.6 17.6 15.4 34.7 24.9 22.4 13.3 11.3 10.0 15.2 14.5 20.7 33.6 30.5 25.2 17.4 16.7 9.9 13.6 21.3 All manufacturing corporations . . . . . . . . . . . . . . . . . Under $5 million3 . . . . . . . . . . . . . . . . . . . . . . . . . . $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 . . . . . . . . . . . . . . . . . . . . . Durable goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . . . Nondurable goods . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 . . . . . . . . . . . . . . . . . . . . . 3 3 1 Based on profit figures which include net income (loss) of foreign branches and equity in earnings (losses) of nonconsolidated subsidiaries, net of foreign taxes. 2 Some of the rates in this column have been revised since their first appearance. See footnotes to Tables 1.0 — 52.1. 3 Excludes manufacturing corporations with less than $250,000 in assets at the time of sample selection. (See text, page XI.) XXVII U.S. Census Bureau TABLE F RATES OF RETURN, ALL MANUFACTURING CORPORATIONS* Annual rate of profit on stockholders’ equity (percent) Before taxes 1979 Q1 2 3 4 1980 Q1 2 3 4 1981 Q1 2 3 4 1982 Q1 2 3 4 1983 Q1 2 3 4 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 ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... ......... 25.4 28.8 25.1 23.7 24.5 21.8 19.8 21.3 21.7 24.7 21.2 17.8 15.3 16.2 14.4 10.5 12.3 17.2 17.6 18.2 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 After taxes 15.7 18.1 16.3 15.7 15.4 13.6 12.5 14.0 13.6 15.6 13.4 12.0 10.1 10.5 9.2 7.2 7.9 10.9 11.3 11.9 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 Profit per dollar of sales (cents) Before taxes 9.0 9.7 8.7 8.0 8.5 7.7 7.2 7.2 7.5 8.3 7.4 6.4 5.8 5.9 5.5 4.1 4.9 6.6 6.8 6.8 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 After taxes 5.6 1990 Q1. . . . . . . . . 6.1 2. . . . . . . . . 5.7 3. . . . . . . . . 5.3 4. . . . . . . . . 5.3 1991 Q1. . . . . . . . . 4.8 2. . . . . . . . . 4.5 3. . . . . . . . . 4.7 4. . . . . . . . . 4.7 1992 Q1. . . . . . . . . 5.3 2. . . . . . . . . 4.7 3. . . . . . . . . 4.3 4. . . . . . . . . 3.8 1993 Q1. . . . . . . . . 3.8 2. . . . . . . . . 3.5 3. . . . . . . . . 2.8 4. . . . . . . . . 3.2 1994 Q1. . . . . . . . . 4.2 2. . . . . . . . . 4.3 3. . . . . . . . . 4.5 4. . . . . . . . . 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 4.1 Annual rate of profit on stockholders’ equity1 (percent) Before taxes 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 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 23.1 21.2 24.1 24.2 After taxes 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 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 16.8 15.2 17.6 17.7 Profit per dollar of sales1 (cents) Before taxes 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 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 8.6 8.0 9.5 9.5 After taxes 4.1 4.9 4.1 2.5 2.8 3.3 2.5 1.2 (6.5) 4.0 3.8 1.3 1.5 3.3 3.3 2.9 4.6 5.7 5.6 5.5 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 5.6 6.2 4.4 6.2 6.7 6.3 5.7 6.9 7.0 Year and quarter Year and quarter *Rates of return prior to fourth quarter 1987 do not include minority stockholders’ interest in the calculation. 1 Some of the rates in this column have been revised since their first appearance. See footnotes in Tables 1.0 — 52.1. XXVIII U.S. Census Bureau TABLE G RATES OF RETURN, ALL MINING CORPORATIONS, ASSETS $50 MILLION AND OVER* Year and quarter Annual rate of profit on stockholders’ equity1 (percent) Before taxes 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 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 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 10.6 9.9 9.3 7.8 13.5 6.4 14.1 12.3 8.4 6.4 4.4 (3.4) (10.9) 2.0 3.7 2.8 2.8 11.7 5.0 0.6 (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 8.7 1.9 8.1 13.9 After taxes 7.4 6.5 5.9 4.0 8.8 4.7 9.1 10.3 6.0 4.8 3.4 (3.7) (8.2) 1.7 2.0 1.5 2.8 8.6 4.0 1.0 (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 7.0 0.6 6.3 9.8 Profit per dollar of sales1 (cents) Before taxes 8.1 7.4 6.6 5.5 10.3 4.9 10.4 7.3 6.4 5.0 3.4 (2.6) (9.8) 1.8 3.2 2.3 2.4 10.5 4.4 0.5 (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 8.5 1.8 8.2 13.6 After taxes 5.6 4.8 4.2 2.9 6.7 3.6 6.7 6.1 4.6 3.8 2.6 (2.8) (7.4) 1.5 1.7 1.2 2.4 7.7 3.5 0.9 (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 6.8 0.5 6.3 9.6 2000 Q1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ....................................... *Rates of return prior to first quarter 1997 do not include minority stockholders’ interest in the calculation. 1 Some of the rates in this column have been revised since their first appearance. See footnotes in Tables 1.0 — 52.1. XXIX U.S. Census Bureau TABLE H RATES OF RETURN, ALL WHOLESALE TRADE CORPORATIONS, ASSETS $50 MILLION AND OVER* Year and quarter Annual rate of profit on stockholders’ equity1 (percent) Before taxes 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 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 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 14.6 14.8 14.6 11.1 10.5 10.2 9.8 8.3 6.0 8.2 9.4 7.8 6.0 9.7 9.8 10.0 4.8 15.4 8.3 12.6 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 16.5 13.7 18.2 17.2 After taxes 9.5 10.1 10.4 5.8 6.0 5.0 5.7 3.3 3.0 4.5 5.8 3.8 2.7 6.2 6.0 6.5 2.7 9.8 5.0 8.7 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 11.2 8.0 11.0 10.5 Profit per dollar of sales1 (cents) Before taxes 1.7 1.7 1.8 1.3 1.2 1.3 1.2 1.0 0.8 1.1 1.2 1.0 0.8 1.2 1.2 1.2 0.6 2.0 1.1 1.6 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 2.5 2.0 2.7 2.5 After taxes 1.1 1.2 1.3 0.7 0.7 0.6 0.7 0.4 0.4 0.6 0.8 0.5 0.3 0.8 0.8 0.8 0.4 1.3 0.7 1.1 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 1.1 1.6 1.5 2000 Q1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 ....................................... *Rates of return prior to first quarter 1997 do not include minority stockholders’ interest in the calculation. 1 Some of the rates in this column have been revised since their first appearance. See footnotes in Tables 1.0 — 52.1. XXX U.S. Census Bureau TABLE I RATES OF RETURN, ALL RETAIL TRADE CORPORATIONS, ASSETS $50 MILLION AND OVER* Year and quarter Annual rate of profit on stockholders’ equity1 (percent) Before taxes 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 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 ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... ....................................... 18.1 15.2 17.7 20.1 5.4 12.3 13.3 29.2 7.5 14.4 11.9 22.3 (1.7) 16.0 11.4 19.6 9.8 19.5 14.6 22.1 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 23.4 33.8 19.9 After taxes 11.0 9.5 11.6 7.0 0.7 6.9 7.4 18.8 3.3 8.2 5.9 11.3 (2.8) 9.1 5.8 10.4 5.3 12.7 8.7 11.5 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 14.4 21.1 11.9 Profit per dollar of sales1 (cents) Before taxes 2.9 2.3 2.6 2.5 0.8 1.6 1.7 3.5 1.1 2.0 1.7 2.8 (0.3) 2.4 1.7 2.6 1.6 3.0 2.3 3.1 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 5.7 3.7 After taxes 1.8 1.4 1.7 0.9 0.1 0.9 1.0 2.2 0.5 1.1 0.8 1.4 (0.4) 1.4 0.9 1.4 0.8 1.9 1.4 1.6 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 2.7 3.6 2.2 2000 Q1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . *Rates of return prior to first quarter 1997 do not include minority stockholders’ interest in the calculation. 1 Some of the rates in this column have been revised since their first appearance. See footnotes in Tables 1.0 — 52.1. XXXI U.S. Census Bureau TABLE J COMPOSITION OF THE SAMPLE, BY DIVISION AND ASSET SIZE Manufacturing1 Asset size Total assets2 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 . . . . . . . . . . . . . . . . . . . . . 4 Mining1 Number of active corps. in sample3 6,636 3,023 3,613 849 473 448 489 732 622 Total assets Million dollars 193,620 105 193,515 421 783 2,480 9,135 43,059 137,637 2 Percent 100 4 96 2 2 2 3 9 79 Retail trade1 8 Percent 100 0 100 0 0 1 5 22 71 Wholesale trade1 Number of active corps. in sample5 203 8 195 9 8 20 39 70 49 4,633,007 171,080 4,461,927 88,528 71,318 92,884 137,756 410,457 3,660,984 Total assets2 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 . . . . . . . . . . . . . . . . . . . . . 626,144 199 625,944 436 4,001 12,264 30,084 82,311 496,848 Percent 100 0 100 0 1 2 5 13 79 Number of active corps. in sample6 498 13 485 10 40 76 107 156 96 Total assets2 Million dollars 548,405 253 548,153 1,370 8,769 26,335 46,547 133,642 331,490 Percent 100 0 100 0 2 5 8 24 60 Number of active corps. in sample7 867 18 849 32 95 183 196 246 97 1 Mining, wholesale and retail trade data are the quarterly results of companies in those divisions with assets over $50 million. Data for manufacturing corporations represent the quarterly results of companies with assets over $250,000. 2 Estimated universe total; figures are rounded and will not necessarily add to totals. 3 Drawn from a universe of approximately 175,600. 4 Excludes manufacturing corporations with less than $250,000 in assets at the time of sample selection. (See text, page XI.) 5 Drawn from a universe of approximately 450. 6 Drawn from a universe of approximately 1,000. 7 Drawn from a universe of approximately 1,500. 8 Composition of sample, first quarter 2000, revised. XXXII U.S. Census Bureau TABLE K SAMPLING VARIABILITY, BY DIVISION AND MAJOR GROUP Coefficient of variation in percent1 Industry Net sales All manufacturing corporations. . . . . . . . . . . . . . . . . . . . . . . Nondurable manufacturing corporations . . . . . . . . . . . . Food and kindred products3 . . . . . . . . . . . . . . . . . . . Textile mill products. . . . . . . . . . . . . . . . . . . . . . . . . . . Apparel4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Paper and allied products . . . . . . . . . . . . . . . . . . . . . Printing and publishing . . . . . . . . . . . . . . . . . . . . . . . . Chemicals and allied products . . . . . . . . . . . . . . . . . Industrial chemicals and synthetics5 . . . . . . . . . . Drugs5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Residual of chemicals5. . . . . . . . . . . . . . . . . . . . . . Petroleum and coal products . . . . . . . . . . . . . . . . . . Rubber and miscellaneous plastics products . . . . . Durable manufacturing corporations. . . . . . . . . . . . . . . . Stone, clay, and glass products . . . . . . . . . . . . . . . . Primary metal industries. . . . . . . . . . . . . . . . . . . . . . . Iron and Steel5. . . . . . . . . . . . . . . . . . . . . . . . . . . . . Nonferrous metals5 . . . . . . . . . . . . . . . . . . . . . . . . . Fabricated metal products . . . . . . . . . . . . . . . . . . . . . Machinery, except electrical. . . . . . . . . . . . . . . . . . . . Electrical and electronic equipment . . . . . . . . . . . . . Transportation equipment . . . . . . . . . . . . . . . . . . . . . Motor vehicles and equipment5 . . . . . . . . . . . . . . Aircraft, guided missiles, and parts5 . . . . . . . . . . Instruments and related products . . . . . . . . . . . . . . . Other durable manufacturing corporations . . . . . . . Lumber and wood products5 . . . . . . . . . . . . . . . . . Furniture and fixtures5 . . . . . . . . . . . . . . . . . . . . . . Miscellaneous manufacturing5 . . . . . . . . . . . . . . . All mining corporations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All retail trade corporations . . . . . . . . . . . . . . . . . . . . . . . . . . All wholesale trade corporations . . . . . . . . . . . . . . . . . . . . . 1 2 Standard error in million dollars1 Total assets 0.2 0.2 0.5 2.7 2.4 0.6 1.1 0.3 0.3 0.7 0.5 0.2 2.0 0.3 1.3 0.8 1.3 0.8 1.6 0.8 0.6 0.3 0.3 0.6 1.3 1.4 2.7 1.4 3.4 1.1 NA 0.6 Income before income taxes2 838 451 115 65 96 94 279 182 45 112 136 51 233 707 78 76 63 42 168 520 358 100 73 34 160 160 105 63 103 129 NA 180 Depreciation 0.3 0.5 1.0 3.6 4.1 1.0 3.7 0.5 0.6 1.1 1.1 0.1 2.4 0.4 2.7 1.0 1.6 1.1 2.3 0.9 0.8 0.6 0.6 1.9 1.5 2.5 4.6 2.3 5.1 1.5 NA 0.8 Inventories 0.3 0.5 1.1 3.7 3.4 1.3 2.0 0.7 0.8 1.3 1.6 0.5 2.4 0.5 3.3 1.8 2.5 2.1 2.5 1.3 0.9 0.4 0.7 0.5 1.8 2.6 4.6 3.4 5.3 0.9 NA 1.0 0.3 0.4 0.8 3.3 3.2 1.2 1.3 0.5 0.6 0.9 1.2 0.5 2.3 0.4 2.6 1.1 1.6 1.6 1.9 0.8 0.8 0.3 0.3 0.5 1.7 1.8 3.3 1.9 4.9 1.4 NA 0.6 Second quarter 2000. The coefficient of variation (CV) 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 CV’s to rapidly increase. Therefore, the standard error (in millions of dollars) is provided as a measure of precision for this item and should show consistency from quarter to quarter. 3 Includes tobacco industry. 4 Includes leather industry. 5 Included in major industry above. XXXIII U.S. Census Bureau TABLE L SEASONALLY ADJUSTED NET SALES AND NET INCOME AFTER TAX, MANUFACTURING CORPORATIONS (Millions of dollars) Industry group and year Q1 All manufacturing: 1981. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1982. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1983. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1984. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1985. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1986. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1987. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1988. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1989. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1990. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1991. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19921 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19931 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19941 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19951 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19961 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19971 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19981 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19991 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All nondurable manufacturing: 1981. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1982. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1983. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1984. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1985. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1986. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1987. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1988. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1989. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1990. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1991. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19921 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19931 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19941 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19951 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19961 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19971 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19981 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19991 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . All durable manufacturing: 1981. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1982. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1983. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1984. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1985. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1986. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1987. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1988. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1989. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1990. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1991. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19921 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19931 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19941 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19951 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19961 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19971 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19981 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19991 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20001 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Net sales Q2 542,645 514,342 517,876 586,099 581,750 554,327 583,302 641,051 691,650 691,506 684,175 717,962 751,138 803,035 872,817 932,694 972,414 981,650 1,026,856 1,126,412 293,307 282,377 281,859 309,980 296,855 273,273 295,205 324,773 350,390 349,558 360,540 374,376 382,652 394,771 427,785 452,627 457,212 447,274 455,183 519,202 249,338 231,965 236,017 276,119 284,895 281,054 288,097 316,278 341,260 341,948 323,635 343,586 368,486 408,264 445,032 480,067 515,202 534,376 571,673 607,210 Q3 543,479 510,674 538,274 582,299 584,242 552,370 603,370 651,327 684,757 706,501 698,450 729,984 753,573 825,350 883,526 948,393 987,129 987,632 1,057,451 294,285 282,433 289,789 306,168 296,985 270,894 307,232 328,650 346,886 363,833 365,822 378,472 379,442 405,754 430,738 457,459 460,630 442,986 470,340 249,194 228,241 248,485 276,131 287,257 281,476 296,138 322,677 337,871 342,668 332,628 351,512 374,131 419,596 452,788 490,934 526,499 544,646 587,111 Q4 526,587 499,474 553,782 585,435 585,528 556,538 619,533 671,391 681,361 717,667 699,104 737,092 766,427 841,683 899,782 961,083 994,366 991,118 1,075,412 287,512 279,273 293,207 303,665 300,152 272,837 313,871 336,505 346,663 382,436 366,749 379,986 381,238 409,925 436,004 463,175 463,788 439,647 485,763 239,075 220,201 260,575 281,770 285,376 283,701 305,662 334,886 334,698 335,231 332,355 357,106 385,189 431,758 463,778 497,908 530,578 551,471 589,649 Q1 25,402 20,204 16,818 27,936 23,612 20,148 25,313 37,537 38,393 28,797 19,414 (42,713) 12,613 36,435 52,799 51,160 60,624 74,506 59,593 75,154 14,866 12,994 11,644 15,622 13,489 11,823 14,143 21,363 21,583 15,863 16,504 (4,173) 12,745 18,997 25,888 27,993 33,324 29,670 26,380 36,809 10,536 7,210 5,174 12,314 10,123 8,325 11,170 16,174 16,810 12,934 2,910 (38,540) (132) 17,438 26,911 23,167 27,300 44,836 33,213 38,345 Net income after tax Q2 26,991 18,009 19,764 28,400 20,734 23,748 28,346 38,075 32,443 30,372 17,783 24,160 19,375 41,141 51,947 54,009 62,013 49,649 64,498 74,534 15,710 11,479 13,384 15,915 11,689 14,464 16,286 21,633 19,212 18,662 14,705 17,982 15,309 19,860 28,242 28,431 30,921 29,061 29,751 40,201 11,281 6,530 6,380 12,485 9,045 9,284 12,060 16,442 13,231 11,710 3,078 6,178 4,066 21,281 23,705 25,578 31,092 20,588 34,747 34,333 Q3 25,407 18,019 23,375 25,722 21,455 18,287 32,863 37,473 31,912 27,653 15,693 26,010 23,596 45,536 49,512 61,393 62,042 61,115 66,504 14,596 12,217 14,772 13,905 12,254 11,004 18,092 21,449 18,086 18,513 14,799 17,104 11,732 22,502 27,667 32,193 30,577 30,732 31,186 10,811 5,802 8,603 11,817 9,201 7,283 14,771 16,024 13,826 9,140 894 8,906 11,864 23,034 21,845 29,200 31,465 30,383 35,318 Q4 23,140 14,635 25,806 25,673 21,813 21,049 28,961 40,933 32,536 23,420 13,554 14,689 27,622 51,934 44,054 58,533 59,996 49,258 67,616 14,125 12,543 15,907 13,362 11,591 13,302 13,904 22,494 20,820 16,438 13,183 15,018 15,820 26,441 22,115 30,275 28,391 17,163 30,986 9,015 2,092 9,899 12,311 10,222 7,747 15,057 18,439 11,716 6,982 371 (329) 11,802 25,493 21,939 28,258 31,605 32,095 36,630 531,569 514,718 503,667 581,250 580,312 557,764 571,292 631,064 686,281 693,635 678,485 704,473 743,608 784,468 871,276 914,183 965,890 990,172 1,003,489 1,121,618 289,777 281,976 275,853 308,032 295,219 278,580 283,300 320,413 343,281 356,321 363,479 367,321 381,824 387,239 425,579 442,061 462,906 451,759 444,544 509,418 241,792 232,742 227,814 273,218 285,093 279,184 287,992 310,651 343,000 337,314 315,006 337,152 361,784 397,229 445,697 472,122 502,984 538,413 558,945 612,200 Revised. 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 estimate is computed by dividing the unadjusted estimate by its seasonal component or factor. To obtain the seasonally adjusted estimates and seasonal factors, the unadjusted data are run through the X-11 ARIMA, a modification of the Census Method II, a seasonal adjustment program. Further information on the X-11 ARIMA may be obtained from the Associate Director for Statistical Design, Methodology, and Standards, Bureau of the Census, Washington, DC 20233. XXXIV U.S. Census Bureau FINANCIAL DATA TABLES 1 U.S. Census Bureau TABLE 1.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN ALL MANUFACTURING AND ALL NONDURABLE MANUFACTURING INDUSTRIES All Manufacturing1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 3.7 87.8 8.5 2.2 2.9 9.2 2.5 6.7 100.0 3.7 88.4 7.9 2.2 2.9 8.6 2.3 6.3 (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 1999 1Q 2000 2Q 2000 1,044,995 38,616 917,328 89,050 22,882 30,032 96,201 26,370 69,831 27,049 42,783 1,017,701 (23,809) 1,036,675 1,055,100 38,592 933,070 83,438 23,450 30,841 90,830 24,771 66,058 23,894 42,164 1,026,842 (5,060) 1,063,946 1,090,882 39,339 978,355 73,189 24,519 38,306 86,975 24,616 62,359 28,216 34,143 1,058,556 10,889 1,103,588 1,087,835 38,965 961,963 86,906 24,514 40,968 103,360 27,833 75,527 29,602 45,925 1,108,825 (7,889) 1,146,862 1,147,548 39,702 1,008,934 98,912 26,217 36,610 109,305 29,180 80,125 28,786 51,339 1,132,005 (12,000) 1,171,344 (percent of net sales) 100.0 3.6 89.7 6.7 2.2 3.5 8.0 2.3 5.7 100.0 3.6 88.4 8.0 2.3 3.8 9.5 2.6 6.9 100.0 3.5 87.9 8.6 2.3 3.2 9.5 2.5 7.0 25.02 18.16 9.22 6.69 23.11 16.80 8.50 6.18 21.25 15.23 7.95 5.70 24.13 17.63 9.19 6.71 24.18 17.73 9.44 6.92 1.27 0.19 1.29 1.28 0.20 1.29 1.26 0.20 1.34 1.29 0.20 1.35 1.30 0.21 1.39 Prior quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 2 U.S. Census Bureau All Manufacturing Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 All Nondurable Manufacturing1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 All Nondurable Manufacturing Assets Under $25 Million1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 138,477 3,531 124,211 10,735 1,721 162 9,176 1,174 8,002 4,389 3,614 75,439 (450) 78,602 138,915 3,630 125,219 10,065 1,824 447 8,688 1,278 7,410 3,115 4,296 74,237 (146) 78,387 137,317 3,859 127,975 5,484 1,901 219 3,802 1,027 2,774 3,335 (561) 74,641 (313) 73,767 133,230 3,562 119,152 10,516 1,729 446 9,233 1,093 8,140 3,944 4,196 75,935 (555) 79,576 139,369 3,640 124,262 11,467 1,934 418 9,952 1,344 8,608 4,320 4,288 79,298 (692) 82,894 458,988 18,165 399,568 41,256 12,211 11,628 40,673 10,697 29,976 16,112 13,863 521,696 (15,701) 519,858 (million dollars) 476,311 18,228 414,773 43,309 12,461 12,990 43,839 10,621 33,218 13,278 19,939 513,685 (3,258) 530,366 490,165 19,134 434,735 36,297 13,205 15,603 38,695 10,065 28,630 16,084 12,546 527,212 11,348 551,107 494,025 18,571 430,980 44,474 12,941 17,235 48,768 11,996 36,772 17,749 19,024 553,626 (3,358) 569,292 524,277 19,168 454,430 50,679 14,445 16,852 53,086 12,306 40,780 16,948 23,832 559,008 (4,327) 578,514 53,134 1,387 48,518 3,229 672 201 2,757 398 2,359 1,346 1,013 27,917 (15) 28,915 (million dollars) 53,840 1,402 49,088 3,350 660 174 2,864 391 2,474 918 1,555 26,608 (125) 28,038 52,255 1,474 49,008 1,774 718 134 1,190 285 905 1,006 (101) 26,869 (70) 26,698 50,544 1,353 45,664 3,527 636 185 3,076 312 2,764 1,320 1,444 25,296 (377) 26,362 52,578 1,373 47,181 4,024 771 242 3,496 447 3,048 1,348 1,700 26,191 (36) 27,855 (percent of net sales) 100.0 2.5 89.7 7.8 1.2 0.1 6.6 0.8 5.8 100.0 2.6 90.1 7.2 1.3 0.3 6.3 0.9 5.3 (percent) 100.0 2.8 93.2 4.0 1.4 0.2 2.8 0.7 2.0 100.0 2.7 89.4 7.9 1.3 0.3 6.9 0.8 6.1 100.0 2.6 89.2 8.2 1.4 0.3 7.1 1.0 6.2 100.0 4.0 87.1 9.0 2.7 2.5 8.9 2.3 6.5 (percent of net sales) 100.0 3.8 87.1 9.1 2.6 2.7 9.2 2.2 7.0 (percent) 100.0 3.9 88.7 7.4 2.7 3.2 7.9 2.1 5.8 100.0 3.8 87.2 9.0 2.6 3.5 9.9 2.4 7.4 100.0 3.7 86.7 9.7 2.8 3.2 10.1 2.3 7.8 100.0 2.6 91.3 6.1 1.3 0.4 5.2 0.7 4.4 (percent of net sales) 100.0 2.6 91.2 6.2 1.2 0.3 5.3 0.7 4.6 (percent) 100.0 2.8 93.8 3.4 1.4 0.3 2.3 0.5 1.7 100.0 2.7 90.3 7.0 1.3 0.4 6.1 0.6 5.5 100.0 2.6 89.7 7.7 1.5 0.5 6.6 0.9 5.8 31.61 27.57 14.04 12.24 29.86 25.47 13.35 11.39 13.75 10.04 5.93 4.33 32.08 28.28 14.25 12.56 33.57 29.04 15.33 13.26 23.58 17.38 8.28 6.10 24.99 18.93 8.73 6.62 21.25 15.72 7.53 5.57 26.18 19.74 9.33 7.03 26.96 20.71 9.87 7.58 26.21 22.43 11.25 9.62 27.56 23.80 12.08 10.43 12.41 9.44 5.12 3.89 31.34 28.16 13.38 12.02 34.30 29.91 15.26 13.30 1.96 0.36 1.36 2.00 0.39 1.37 1.94 0.36 1.27 1.97 0.36 1.35 2.05 0.37 1.40 1.17 0.15 1.06 1.17 0.15 1.07 1.15 0.14 1.11 1.16 0.14 1.11 1.17 0.13 1.14 1.81 0.33 1.28 1.87 0.34 1.33 1.81 0.31 1.18 1.85 0.32 1.24 1.92 0.32 1.34 3 U.S. Census Bureau TABLE 1.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN ALL MANUFACTURING AND ALL NONDURABLE MANUFACTURING INDUSTRIES All Manufacturing1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 90,398 25,221 115,619 97,056 212,674 507,388 468,124 199,733 1,387,920 2,150,110 104,816 1,128,405 1,126,522 1,658,599 4,173,041 93,351 26,408 119,759 103,063 222,822 519,501 475,416 204,172 1,421,911 2,167,551 103,821 1,140,946 1,130,426 1,722,167 4,274,503 95,417 27,334 122,751 103,119 225,870 506,885 474,452 216,405 1,423,612 2,189,308 103,685 1,145,954 1,147,039 1,803,726 4,374,377 105,360 24,587 129,947 102,195 232,142 525,404 490,452 226,985 1,474,983 2,203,554 102,942 1,159,225 1,147,271 1,876,925 4,499,179 112,491 24,149 136,640 102,795 239,434 542,742 493,854 225,198 1,501,228 2,217,700 101,746 1,143,419 1,176,027 1,955,752 4,633,007 72,720 137,541 308,049 47,291 30,377 35,682 459,748 1,091,408 328,422 591,667 623,664 2,635,161 501,204 1,036,675 1,537,879 4,173,041 73,953 126,757 322,678 49,015 29,733 37,495 474,026 1,113,658 342,914 607,774 637,745 2,702,091 508,466 1,063,946 1,572,413 4,274,503 72,129 127,209 336,680 47,284 33,704 37,294 479,169 1,133,469 337,549 615,826 650,247 2,737,091 533,699 1,103,588 1,637,287 4,374,377 77,880 132,696 342,926 55,682 32,641 41,336 464,152 1,147,313 343,174 638,764 656,521 2,785,772 566,545 1,146,862 1,713,407 4,499,179 75,628 140,276 345,327 52,743 35,174 40,812 465,736 1,155,695 352,352 660,447 656,438 2,824,933 636,730 1,171,344 1,808,074 4,633,007 296,512 308,253 290,143 327,670 345,532 (percent of total assets) 5.1 12.2 11.2 33.3 27.0 6.6 26.2 22.0 63.1 36.9 5.2 12.2 11.1 33.3 26.4 6.3 26.1 22.2 63.2 36.8 5.2 11.6 10.8 32.5 26.2 6.2 25.9 21.8 62.6 37.4 5.2 11.7 10.9 32.8 25.5 6.3 25.5 21.8 61.9 38.1 5.2 11.7 10.7 32.4 25.4 6.3 24.9 21.9 61.0 39.0 Prior quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 4 U.S. Census Bureau All Manufacturing Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 All Nondurable Manufacturing1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 All Nondurable Manufacturing Assets Under $25 Million1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 22,367 2,980 25,347 5,851 31,198 68,561 58,810 9,690 168,259 187,205 4,334 114,194 77,344 15,892 261,496 22,701 3,347 26,048 6,139 32,187 68,380 57,130 8,847 166,545 189,063 4,269 116,483 76,848 16,955 260,348 21,342 3,054 24,396 5,908 30,304 65,977 56,763 8,533 161,578 192,080 4,403 117,308 79,174 15,491 256,243 20,995 3,026 24,020 6,348 30,368 68,717 56,183 9,038 164,306 192,269 4,554 117,222 79,601 15,262 259,169 20,244 3,041 23,285 6,168 29,453 69,005 57,869 8,667 164,993 30,109 9,234 39,343 30,696 70,039 202,322 177,363 80,537 530,261 (million dollars) 29,095 10,238 39,332 28,465 67,797 213,098 181,982 85,123 548,000 29,751 9,099 38,850 29,083 67,933 211,168 186,372 88,885 554,358 29,841 8,122 37,963 28,093 66,056 215,445 189,869 91,821 563,192 28,177 8,697 36,874 27,561 64,435 224,471 190,798 88,274 567,979 7,543 1,393 8,937 1,898 10,835 26,091 19,495 3,803 60,224 73,162 1,560 43,745 30,976 6,856 98,056 (million dollars) 7,365 1,403 8,768 1,751 10,518 25,445 18,724 3,590 58,278 72,359 1,463 43,775 30,046 6,531 94,855 6,821 1,062 7,883 1,642 9,526 24,847 18,679 3,301 56,352 74,721 1,319 45,118 30,922 5,711 92,986 6,650 846 7,496 2,039 9,535 24,799 18,018 3,313 55,665 73,539 1,476 44,388 30,627 5,662 91,954 6,294 1,021 7,315 1,907 9,222 24,480 18,222 3,406 55,329 74,065 1,425 45,278 30,212 6,102 91,644 193,258 1,186,051 1,194,899 1,207,027 1,209,891 1,215,903 4,446 73,189 72,559 71,107 69,889 68,211 119,195 619,874 627,509 633,674 639,515 619,926 78,510 16,104 639,366 796,292 639,949 819,925 644,460 857,368 640,266 888,026 664,189 918,695 259,608 1,965,920 2,007,874 2,056,186 2,091,484 2,150,862 18,582 3,214 35,167 1,025 6,648 3,224 17,824 85,684 29,022 24,499 6,180 145,385 37,509 78,602 116,111 261,496 18,044 3,327 34,158 1,238 6,689 2,720 17,218 83,394 30,971 23,149 6,437 143,951 38,011 78,387 116,397 260,348 17,014 3,290 34,107 1,094 6,833 2,860 18,066 83,264 32,209 24,661 5,536 145,670 36,805 73,767 110,573 256,243 17,222 2,825 34,975 1,066 6,566 3,402 17,406 83,462 30,900 24,291 5,375 144,028 35,565 79,576 115,141 259,169 16,465 2,667 33,525 1,188 6,883 3,116 16,788 80,633 30,491 24,909 4,997 35,685 82,894 118,578 35,189 72,526 123,630 20,878 14,093 21,778 165,821 453,915 167,541 337,353 317,265 169,988 519,858 689,846 36,710 70,290 129,941 20,778 13,380 23,233 172,267 466,599 171,980 342,560 324,956 171,413 530,366 701,780 34,438 70,579 141,998 18,574 15,245 21,752 177,639 480,224 169,925 345,308 332,432 177,190 551,107 728,296 35,937 71,454 142,977 24,514 14,675 23,173 174,696 487,426 168,463 359,629 330,833 175,841 569,292 745,133 34,086 73,322 143,589 21,315 15,632 22,370 176,742 487,055 173,316 373,751 329,134 209,093 578,514 787,606 7,650 1,179 14,305 417 2,451 1,178 6,020 33,200 10,534 9,804 2,438 55,976 13,165 28,915 42,080 98,056 6,876 1,245 13,755 378 2,342 1,098 5,523 31,216 10,928 8,808 2,329 53,282 13,535 28,038 41,574 94,855 6,528 1,239 14,023 384 2,311 1,132 5,597 31,214 11,716 9,454 2,252 54,636 11,652 26,698 38,349 92,986 6,540 986 13,269 289 2,054 1,560 5,315 30,013 11,594 8,936 2,154 52,697 12,895 26,362 39,257 91,954 6,145 964 12,912 283 2,495 1,212 4,858 28,869 11,215 8,483 2,308 50,874 12,914 27,855 40,769 91,644 141,029 1,276,074 1,306,095 1,327,889 1,346,351 1,363,256 259,608 1,965,920 2,007,874 2,056,186 2,091,484 2,150,862 82,575 83,151 78,314 80,844 84,361 76,346 81,401 74,134 75,766 80,923 27,023 27,062 25,138 25,651 26,461 (percent of total assets) (percent of total assets) (percent of total assets) 11.9 26.2 22.5 64.3 29.6 12.1 32.8 20.5 55.6 44.4 12.4 26.3 21.9 64.0 29.5 11.8 32.0 20.8 55.3 44.7 11.8 25.7 22.2 63.1 30.9 11.7 32.5 22.2 56.8 43.2 11.7 26.5 21.7 63.4 30.7 11.6 32.2 21.3 55.6 44.4 11.3 26.6 22.3 63.6 30.2 11.2 31.1 21.3 54.3 45.7 3.6 10.3 9.0 27.0 32.5 7.3 23.1 25.7 64.9 35.1 3.4 10.6 9.1 27.3 31.9 7.2 23.2 25.6 65.0 35.0 3.3 10.3 9.1 27.0 31.3 6.9 23.4 25.1 64.6 35.4 3.2 10.3 9.1 26.9 30.6 6.9 23.3 25.2 64.4 35.6 3.0 10.4 8.9 26.4 30.9 6.8 22.6 25.4 63.4 36.6 11.0 26.6 19.9 61.4 31.6 12.7 33.9 20.7 57.1 42.9 11.1 26.8 19.7 61.4 31.7 12.2 32.9 20.8 56.2 43.8 10.2 26.7 20.1 60.6 33.3 12.1 33.6 22.8 58.8 41.2 10.4 27.0 19.6 60.5 33.3 12.1 32.6 22.3 57.3 42.7 10.1 26.7 19.9 60.4 33.0 11.8 31.5 21.5 55.5 44.5 5 U.S. Census Bureau TABLE 2.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 20, 21, AND 22 Food and Kindred Products1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 88.0 9.3 2.4 2.7 9.7 2.6 7.0 100.0 2.7 87.6 9.7 2.4 1.7 9.0 2.7 6.2 (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 2 4Q 1999 1Q 2000 2Q 2000 121,433 3,288 106,831 11,315 2,857 3,300 11,757 3,213 8,544 3,359 5,186 134,069 (9,906) 129,349 122,636 3,325 107,463 11,848 2,968 2,104 10,983 3,325 7,658 3,549 4,108 130,532 (1,156) 133,485 128,634 3,606 113,370 11,658 2,975 3,050 11,733 3,679 8,054 3,741 4,313 132,915 (1,057) 136,172 122,514 3,456 107,620 11,438 2,922 1,861 10,377 2,718 7,659 3,814 3,845 135,544 (1,150) 138,238 127,882 3,446 112,401 12,036 3,218 1,536 10,354 2,544 7,810 3,021 4,789 138,039 (2,525) 140,303 (percent of net sales) 100.0 2.8 88.1 9.1 2.3 2.4 9.1 2.9 6.3 100.0 2.8 87.8 9.3 2.4 1.5 8.5 2.2 6.3 100.0 2.7 87.9 9.4 2.5 1.2 8.1 2.0 6.1 36.36 26.43 11.03 8.02 33.69 23.49 10.21 7.12 35.53 24.39 10.65 7.31 30.83 22.76 9.35 6.90 30.90 23.31 9.43 7.11 1.13 0.20 0.81 1.12 0.15 0.82 1.09 0.14 0.81 1.07 0.13 0.81 1.08 0.14 0.81 Tobacco industry data are included in food industry data. Major merger and acquisition activities in previous years resulted in the reclassification of a significant portion of gross receipts and assets from tobacco to food. The remainder, composed of data from highly specialized tobacco manufacturers, is too small to be considered publishable as a separate industry. 2 Prior quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 3 Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 6 U.S. Census Bureau Food and Kindred Products Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 19993 1Q 20003 2Q 2000 2Q 1999 Textile Mill Products2 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Textile Mill Products Assets Under $25 Million 3Q 1999 4Q 1999 1Q 20003 2Q 2000 (million dollars) 11,442 217 10,627 598 112 43 529 66 463 255 208 3,851 (57) 4,001 11,131 222 10,283 625 107 (7) 511 78 433 190 243 4,767 (8) 5,001 12,385 248 11,516 621 133 18 507 76 431 122 309 4,399 42 4,750 10,636 247 9,803 587 118 39 508 57 450 290 161 4,685 (43) 4,803 10,794 242 9,833 719 118 6 606 71 535 245 290 4,473 (100) 4,664 15,378 663 13,997 718 400 4 322 181 140 156 (16) 10,721 (141) 10,564 (million dollars) 15,553 619 14,190 743 421 166 488 158 331 150 180 9,347 (37) 9,491 14,468 579 13,050 839 455 (78) 306 173 133 106 27 8,002 31 8,060 14,177 603 12,801 773 444 92 421 152 270 102 167 7,872 (95) 7,945 15,219 603 13,828 789 475 (65) 248 99 150 225 (75) 7,896 37 7,859 2,759 68 2,681 11 45 3 (32) (1) (31) 42 (73) 1,392 (13) 1,306 (million dollars) 2,917 70 2,758 89 44 8 53 7 46 56 (10) 1,305 (1) 1,294 2,632 70 2,494 68 42 3 29 6 23 31 (8) 834 7 834 2,271 67 2,145 58 30 68 96 5 91 38 54 346 2 402 2,527 74 2,402 50 25 1 26 6 20 51 (31) 749 40 757 (percent of net sales) 100.0 1.9 92.9 5.2 1.0 0.4 4.6 0.6 4.0 100.0 2.0 92.4 5.6 1.0 (0.1) 4.6 0.7 3.9 (percent) 100.0 2.0 93.0 5.0 1.1 0.1 4.1 0.6 3.5 100.0 2.3 92.2 5.5 1.1 0.4 4.8 0.5 4.2 100.0 2.2 91.1 6.7 1.1 0.1 5.6 0.7 5.0 100.0 4.3 91.0 4.7 2.6 0.0 2.1 1.2 0.9 (percent of net sales) 100.0 4.0 91.2 4.8 2.7 1.1 3.1 1.0 2.1 (percent) 100.0 4.0 90.2 5.8 3.1 (0.5) 2.1 1.2 0.9 100.0 4.3 90.3 5.5 3.1 0.6 3.0 1.1 1.9 100.0 4.0 90.9 5.2 3.1 (0.4) 1.6 0.6 1.0 100.0 2.5 97.2 0.4 1.6 0.1 (1.2) 0.0 (1.1) (percent of net sales) 100.0 2.4 94.6 3.0 1.5 0.3 1.8 0.2 1.6 (percent) 100.0 2.7 94.7 2.6 1.6 0.1 1.1 0.2 0.9 100.0 3.0 94.5 2.5 1.3 3.0 4.2 0.2 4.0 100.0 2.9 95.1 2.0 1.0 0.0 1.0 0.2 0.8 31.00 27.15 12.55 10.99 27.60 23.38 11.73 9.94 26.86 22.82 11.11 9.43 26.17 23.22 11.16 9.90 33.48 29.53 14.04 12.38 7.44 3.25 2.70 1.18 11.88 8.05 4.11 2.78 8.04 3.49 2.66 1.15 10.92 6.98 3.65 2.33 6.77 4.08 2.11 1.27 (7.13) (6.96) (2.53) (2.47) 11.51 10.01 4.36 3.79 7.08 5.63 2.77 2.20 20.27 19.19 9.11 8.62 4.99 3.86 2.42 1.87 1.79 0.29 1.10 1.92 0.29 1.16 1.87 0.27 1.15 1.92 0.30 1.17 1.80 0.27 1.12 1.97 0.11 0.85 1.91 0.10 0.79 1.97 0.10 0.73 1.90 0.11 0.75 1.82 0.10 0.68 1.71 0.13 0.82 1.75 0.10 0.97 1.65 0.14 1.06 1.76 0.32 1.44 1.75 0.31 1.68 7 U.S. Census Bureau TABLE 2.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 20, 21, AND 22 Food and Kindred Products1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4.9 8.4 11.1 28.1 25.7 8.7 24.9 28.8 69.7 30.3 3.9 8.9 11.5 28.1 25.5 8.4 25.1 28.6 69.7 30.3 3.6 8.8 11.8 27.8 25.5 8.5 25.5 28.4 70.0 30.0 3.5 8.5 11.7 27.3 25.6 8.7 25.7 28.8 69.7 30.3 3.5 8.6 11.4 27.3 25.4 8.8 25.3 28.8 69.5 30.5 13,803 12,877 10,000 7,444 8,724 8,689 19,997 27,906 5,435 3,664 4,926 35,467 106,084 38,056 84,531 68,302 296,972 (15) 129,349 129,333 426,306 10,266 17,146 28,348 4,964 3,482 5,133 38,750 108,089 37,940 85,002 68,960 299,990 (3,093) 133,485 130,391 430,381 11,308 16,971 31,883 4,449 4,055 4,925 38,862 112,453 39,120 86,262 70,929 308,764 (4,076) 136,172 132,096 440,860 10,474 19,364 29,409 5,665 3,053 5,866 40,118 113,949 40,717 87,001 67,772 309,439 (3,607) 138,238 134,631 444,070 10,493 18,379 29,613 4,534 4,035 5,587 38,482 111,123 40,493 85,914 67,865 305,394 (6,280) 140,303 134,022 439,417 5,486 5,736 11,222 9,592 20,814 35,952 47,335 15,786 119,887 200,114 6,876 97,267 109,722 196,697 426,306 2Q 1999 3Q 1999 (million dollars) 4,596 5,336 9,932 6,780 16,712 38,255 49,284 16,715 120,966 202,015 7,001 99,084 109,932 199,483 430,381 5,692 5,284 10,976 4,848 15,824 38,604 52,171 15,853 122,453 206,891 6,949 101,248 112,592 205,815 440,860 5,451 4,331 9,782 5,583 15,365 37,650 52,145 16,232 121,393 208,959 6,837 102,243 113,553 209,124 444,070 5,573 4,632 10,204 5,203 15,407 37,992 50,110 16,338 119,848 206,855 6,598 101,862 111,591 207,978 439,417 4Q 1999 2 1Q 2000 2Q 2000 (percent of total assets) 1 Tobacco industry data are included in food industry data. Major merger and acquisition activities in previous years resulted in the reclassification of a significant portion of gross receipts and assets from tobacco to food. The remainder, composed of data from highly specialized tobacco manufacturers, is too small to be considered publishable as a separate industry. 2 Prior quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 3 Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 8 U.S. Census Bureau Food and Kindred Products Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 19993 1Q 20003 2Q 2000 2Q 1999 Textile Mill Products2 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Textile Mill Products Assets Under $25 Million 3Q 1999 4Q 1999 1Q 20003 2Q 2000 (million dollars) 1,031 214 1,245 305 1,551 3,728 3,489 730 9,498 13,818 576 8,151 6,243 1,107 16,848 976 219 1,194 267 1,461 3,547 3,935 853 9,796 14,025 637 8,263 6,399 1,219 17,414 1,032 180 1,211 307 1,518 4,005 4,130 734 10,387 14,758 560 8,458 6,860 1,008 18,255 1,032 172 1,204 356 1,560 3,666 4,011 605 9,843 15,101 612 8,653 7,060 1,297 18,200 936 154 1,090 331 1,421 3,616 3,776 516 9,329 14,505 519 8,275 6,749 1,203 17,281 720 227 947 131 1,078 7,596 10,278 1,274 20,225 38,296 512 21,480 17,328 10,152 47,705 (million dollars) 764 95 859 193 1,052 7,812 10,131 1,242 20,236 38,360 507 21,717 17,150 10,138 47,525 800 61 861 158 1,019 7,062 9,855 1,209 19,146 37,456 384 21,230 16,610 10,277 46,033 628 49 677 450 1,127 7,320 9,948 1,472 19,867 37,041 391 21,266 16,166 10,158 46,191 535 125 661 414 1,075 7,696 10,116 1,463 20,350 37,321 402 21,469 16,253 10,422 47,025 149 111 260 13 273 1,301 1,673 229 3,476 4,214 93 3,010 1,297 264 5,037 (million dollars) 126 37 162 24 186 1,413 1,538 118 3,255 4,396 72 3,097 1,371 231 4,857 178 30 207 28 235 1,030 1,389 111 2,765 3,807 60 2,714 1,153 288 4,206 209 0 209 304 513 1,187 994 118 2,812 4,191 28 2,995 1,224 190 4,226 174 60 234 263 497 1,204 1,021 109 2,831 4,328 23 3,044 1,306 224 4,362 1,145 238 2,468 74 350 180 838 5,292 1,997 2,297 439 10,026 2,821 4,001 6,822 16,848 1,303 176 2,266 90 363 130 767 5,095 2,456 1,973 486 10,011 2,402 5,001 7,403 17,414 1,225 298 2,676 88 337 128 791 5,545 2,415 2,153 593 10,706 2,799 4,750 7,549 18,255 1,022 213 2,577 43 321 193 746 5,116 2,559 2,325 442 10,442 2,955 4,803 7,758 18,200 1,125 273 2,514 33 424 183 644 5,196 2,263 2,180 396 10,035 2,582 4,664 7,246 17,281 2,250 212 3,519 198 1,064 150 2,852 10,243 8,183 8,557 3,428 30,411 6,730 10,564 17,294 47,705 2,098 218 3,511 180 1,018 279 3,263 10,567 8,913 8,332 3,275 31,088 6,946 9,491 16,437 47,525 1,493 299 3,734 173 1,038 219 2,782 9,738 9,473 8,419 3,181 30,811 7,162 8,060 15,222 46,033 1,795 283 3,745 207 1,244 296 2,869 10,440 8,429 8,531 3,349 30,749 7,497 7,945 15,442 46,191 1,963 275 4,142 177 1,325 431 2,879 11,192 8,902 8,683 3,580 32,357 6,809 7,859 14,668 47,025 762 45 781 17 174 40 214 2,032 597 573 48 3,249 482 1,306 1,788 5,037 645 50 813 2 93 95 163 1,861 483 528 146 3,018 545 1,294 1,839 4,857 360 157 776 (2) 81 101 199 1,672 389 457 46 2,564 808 834 1,642 4,206 359 167 755 1 83 96 132 1,594 229 383 121 2,328 1,497 402 1,898 4,226 480 87 746 (3) 116 50 144 1,620 247 279 104 2,251 1,354 757 2,111 4,362 4,206 4,701 4,842 4,727 4,132 9,982 9,669 9,408 9,427 9,158 1,444 1,394 1,093 1,218 1,211 (percent of total assets) (percent of total assets) (percent of total assets) 9.2 22.1 20.7 56.4 37.1 11.4 31.4 25.5 59.5 40.5 8.4 20.4 22.6 56.3 36.7 11.3 29.3 25.4 57.5 42.5 8.3 21.9 22.6 56.9 37.6 10.9 30.4 25.0 58.6 41.4 8.6 20.1 22.0 54.1 38.8 9.6 28.1 26.8 57.4 42.6 8.2 20.9 21.9 54.0 39.1 11.6 30.1 25.7 58.1 41.9 2.3 15.9 21.5 42.4 36.3 7.7 21.5 35.1 63.7 36.3 2.2 16.4 21.3 42.6 36.1 7.6 22.2 36.3 65.4 34.6 2.2 15.3 21.4 41.6 36.1 6.6 21.2 38.9 66.9 33.1 2.4 15.8 21.5 43.0 35.0 7.8 22.6 36.7 66.6 33.4 2.3 16.4 21.5 43.3 34.6 8.5 23.8 37.4 68.8 31.2 5.4 25.8 33.2 69.0 25.7 20.3 40.3 23.2 64.5 35.5 3.8 29.1 31.7 67.0 28.2 18.2 38.3 20.8 62.1 37.9 5.6 24.5 33.0 65.7 27.4 16.6 39.8 20.1 61.0 39.0 12.1 28.1 23.5 66.5 29.0 16.7 37.7 14.5 55.1 44.9 11.4 27.6 23.4 64.9 30.0 16.8 37.2 12.1 51.6 48.4 9 U.S. Census Bureau TABLE 3.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 23, 26, AND 31 Apparel1 Item 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 2.1 92.9 5.0 1.8 0.1 3.3 1.1 2.2 100.0 1.7 89.3 9.0 1.7 0.2 7.5 2.1 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 Includes 2 17,409 359 16,175 875 322 23 576 190 386 246 140 10,562 (46) 10,656 20,227 352 18,058 1,817 346 39 1,509 428 1,081 252 830 9,977 49 10,856 18,477 374 17,472 631 375 450 705 352 354 323 30 10,675 (59) 10,646 17,731 327 16,217 1,187 374 185 999 263 736 193 543 9,711 (180) 10,074 18,107 335 16,469 1,304 396 109 1,017 266 752 218 534 9,744 (119) 10,159 (percent of net sales) 100.0 2.0 94.6 3.4 2.0 2.4 3.8 1.9 1.9 100.0 1.8 91.5 6.7 2.1 1.0 5.6 1.5 4.2 100.0 1.8 91.0 7.2 2.2 0.6 5.6 1.5 4.2 14.14 9.48 5.23 3.51 35.72 25.59 13.13 9.40 17.88 8.96 6.47 3.24 26.14 19.26 9.12 6.72 27.00 19.95 9.18 6.78 2.10 0.22 1.05 2.00 0.18 1.06 1.89 0.17 1.03 1.90 0.12 0.93 1.69 0.11 0.90 Leather Products. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 10 U.S. Census Bureau Apparel Assets Under $25 Million1 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Paper and Allied Products 3Q 1999 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Paper and Allied Products Assets Under $25 Million 3Q 1999 4Q 19992 1Q 20002 2Q 2000 (million dollars) 5,529 76 5,246 208 69 43 182 32 150 175 (24) 4,032 23 4,031 6,951 82 6,305 564 72 13 505 32 474 130 344 3,170 6 3,519 5,661 94 5,547 20 93 28 (45) 24 (69) 203 (272) 3,955 (76) 3,608 5,697 68 5,375 254 68 25 211 14 196 126 70 2,541 (86) 2,524 5,914 71 5,488 356 72 9 293 11 282 87 195 2,550 (106) 2,638 41,281 2,356 35,459 3,466 1,321 399 2,545 834 1,710 817 894 35,887 (270) 36,510 (million dollars) 44,378 2,347 37,920 4,110 1,386 175 2,899 1,032 1,867 667 1,200 38,827 (255) 39,772 44,935 2,379 38,300 4,257 1,353 729 3,632 1,262 2,369 1,086 1,283 39,776 (210) 40,850 45,970 2,425 39,093 4,451 1,404 527 3,574 1,004 2,570 776 1,794 39,658 (168) 41,285 47,838 2,448 40,542 4,847 1,455 12 3,404 985 2,419 885 1,534 42,230 105 43,869 4,791 120 4,300 371 57 6 320 39 281 96 185 3,039 0 3,223 (million dollars) 5,391 142 4,946 303 64 (33) 206 33 173 138 35 3,436 17 3,488 5,413 142 5,075 196 61 (39) 96 41 55 166 (110) 3,273 (1) 3,162 5,202 133 4,637 432 61 (20) 350 38 312 76 236 3,376 (15) 3,597 5,500 143 5,024 333 70 37 300 53 247 97 151 3,599 223 3,974 (percent of net sales) 100.0 1.4 94.9 3.8 1.3 0.8 3.3 0.6 2.7 100.0 1.2 90.7 8.1 1.0 0.2 7.3 0.5 6.8 (percent) 100.0 1.7 98.0 0.4 1.6 0.5 (0.8) 0.4 (1.2) 100.0 1.2 94.4 4.5 1.2 0.4 3.7 0.2 3.4 100.0 1.2 92.8 6.0 1.2 0.1 4.9 0.2 4.8 100.0 5.7 85.9 8.4 3.2 1.0 6.2 2.0 4.1 (percent of net sales) 100.0 5.3 85.4 9.3 3.1 0.4 6.5 2.3 4.2 (percent) 100.0 5.3 85.2 9.5 3.0 1.6 8.1 2.8 5.3 100.0 5.3 85.0 9.7 3.1 1.1 7.8 2.2 5.6 100.0 5.1 84.7 10.1 3.0 0.0 7.1 2.1 5.1 100.0 2.5 89.7 7.7 1.2 0.1 6.7 0.8 5.9 (percent of net sales) 100.0 2.6 91.8 5.6 1.2 (0.6) 3.8 0.6 3.2 (percent) 100.0 2.6 93.8 3.6 1.1 (0.7) 1.8 0.8 1.0 100.0 2.6 89.1 8.3 1.2 (0.4) 6.7 0.7 6.0 100.0 2.6 91.4 6.0 1.3 0.7 5.5 1.0 4.5 15.85 13.06 7.29 6.01 42.06 39.42 20.39 19.11 (4.08) (6.28) (1.95) (3.00) 21.66 20.20 9.67 9.02 32.33 31.15 13.64 13.14 17.16 11.53 5.59 3.76 18.93 12.19 6.27 4.04 21.70 14.16 7.51 4.90 21.07 15.15 7.29 5.24 19.26 13.69 6.60 4.69 36.56 32.12 15.14 13.30 23.66 19.82 9.79 8.20 11.35 6.53 4.41 2.54 39.40 35.16 16.39 14.63 30.66 25.29 13.12 10.82 2.08 0.34 1.45 1.99 0.28 2.00 2.15 0.25 1.78 2.04 0.15 1.39 1.80 0.13 1.45 1.29 0.11 0.81 1.31 0.11 0.83 1.33 0.15 0.91 1.29 0.07 0.90 1.30 0.07 0.87 1.70 0.26 1.20 1.75 0.25 1.23 1.57 0.22 1.13 1.60 0.21 1.31 1.86 0.31 1.23 11 U.S. Census Bureau TABLE 3.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 23, 26, AND 31 Apparel1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Includes Leather Products. 2 Prior quarters’ data are revised 3 2Q 1999 3Q 19993 4Q 19993 1Q 20003 2Q 2000 (million dollars) 2,040 83 2,124 803 2,927 9,327 13,050 2,210 27,514 15,517 322 8,188 7,652 8,875 44,040 1,740 203 1,944 718 2,662 10,926 13,052 2,540 29,180 15,512 335 8,026 7,822 8,998 45,999 1,691 152 1,843 487 2,330 9,562 12,371 2,228 26,491 15,406 315 7,932 7,788 9,355 43,635 1,126 34 1,160 435 1,595 9,742 12,157 2,515 26,009 15,330 366 8,105 7,592 10,206 43,807 1,222 35 1,257 342 1,599 9,214 12,724 2,028 25,565 15,590 385 8,361 7,615 11,138 44,317 2,300 733 4,398 293 779 557 4,046 13,105 5,801 5,423 3,405 27,734 5,651 10,656 16,307 44,040 2,692 679 5,138 419 714 696 4,216 14,554 6,128 5,058 3,356 29,096 6,048 10,856 16,904 45,999 2,878 727 5,119 337 518 387 4,019 13,986 5,713 5,168 2,984 27,850 5,138 10,646 15,785 43,635 2,698 1,222 4,918 448 592 215 3,622 13,714 6,141 5,610 3,052 28,517 5,215 10,074 15,289 43,807 2,762 1,467 5,268 255 904 420 4,073 15,149 6,003 5,196 2,897 29,245 4,913 10,159 15,072 44,317 14,409 14,626 12,505 12,295 10,416 (percent of total assets) 6.6 21.2 29.6 62.5 17.4 9.9 29.8 25.5 63.0 37.0 5.8 23.8 28.4 63.4 17.0 10.4 31.6 24.3 63.3 36.7 5.3 21.9 28.4 60.7 17.8 10.3 32.1 24.9 63.8 36.2 3.6 22.2 27.8 59.4 17.3 10.8 31.3 26.8 65.1 34.9 3.6 20.8 28.7 57.7 17.2 12.5 34.2 25.3 66.0 34.0 to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 12 U.S. Census Bureau Apparel Assets Under $25 Million1 2Q 1999 3Q 19993 4Q 19993 1Q 20003 2Q 2000 2Q 1999 Paper and Allied Products2 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Paper and Allied Products Assets Under $25 Million 3Q 1999 4Q 19993 1Q 20003 2Q 2000 (million dollars) 1,055 77 1,132 183 1,315 2,810 3,458 368 7,952 3,689 50 2,447 1,292 746 9,990 878 149 1,027 100 1,127 3,147 3,394 478 8,146 3,648 55 2,305 1,398 366 9,909 665 103 768 88 856 2,817 3,298 329 7,299 3,800 44 2,387 1,457 392 9,147 407 11 419 86 505 2,858 3,144 469 6,975 3,664 114 2,380 1,399 335 8,709 433 0 433 53 486 2,581 3,096 483 6,647 4,070 109 2,673 1,507 427 8,581 2,123 266 2,389 1,378 3,767 18,734 15,992 4,380 42,873 159,569 12,262 75,127 96,704 42,489 182,066 (million dollars) 2,102 193 2,296 1,524 3,820 19,888 16,148 5,190 45,045 160,030 12,165 76,290 95,905 44,038 184,989 2,147 408 2,555 2,497 5,052 19,307 17,096 4,836 46,292 162,811 11,717 78,281 96,248 50,942 193,482 1,882 341 2,223 425 2,647 20,436 18,174 4,499 45,756 164,516 11,468 79,552 96,431 53,841 196,028 1,652 380 2,032 489 2,522 20,611 18,389 4,773 46,294 163,972 13,040 76,818 100,195 59,677 206,166 441 97 538 224 762 2,421 1,500 244 4,927 6,814 73 3,800 3,087 441 8,455 (million dollars) 573 5 577 152 729 2,638 1,596 198 5,161 7,290 70 4,497 2,863 406 8,430 618 4 622 99 722 2,639 1,677 217 5,254 7,559 61 4,649 2,971 499 8,724 527 23 550 128 678 2,565 1,705 239 5,188 7,302 51 4,507 2,846 508 8,542 614 135 750 150 900 2,381 1,840 368 5,489 7,718 91 4,595 3,215 447 9,151 1,018 210 1,577 24 238 242 509 3,819 317 1,131 128 5,396 563 4,031 4,594 9,990 1,093 206 1,863 40 186 74 625 4,086 352 490 176 5,105 1,285 3,519 4,805 9,909 859 253 1,603 44 76 68 492 3,395 638 561 179 4,773 767 3,608 4,374 9,147 1,128 163 1,505 18 101 89 413 3,417 540 765 98 4,821 1,363 2,524 3,887 8,709 1,133 171 1,625 10 112 127 515 3,693 416 533 318 4,961 982 2,638 3,620 8,581 1,853 4,935 10,118 1,155 1,621 1,932 11,588 33,200 25,640 37,566 26,343 122,751 22,806 36,510 59,316 182,066 2,972 4,517 10,466 1,287 1,507 1,757 11,806 34,314 25,027 37,702 26,687 123,729 21,488 39,772 61,259 184,989 1,978 4,546 11,049 1,062 1,334 1,800 12,931 34,702 23,958 40,004 27,868 126,532 26,100 40,850 66,950 193,482 1,674 5,375 11,125 1,435 1,724 1,860 12,275 35,467 23,484 40,940 28,291 128,182 26,561 41,285 67,846 196,028 1,451 6,532 10,864 1,046 1,547 1,746 12,525 35,711 24,736 45,140 29,868 135,455 26,841 43,869 70,711 206,166 556 108 1,283 42 219 99 584 2,890 1,255 689 121 4,954 277 3,223 3,500 8,455 568 139 1,364 34 159 157 527 2,948 1,165 647 184 4,943 (1) 3,488 3,487 8,430 591 188 1,511 50 198 150 654 3,342 1,176 682 136 5,337 225 3,162 3,387 8,724 600 131 1,532 33 193 150 615 3,253 1,060 570 105 4,989 (44) 3,597 3,553 8,542 508 175 1,214 58 268 111 613 2,946 1,638 494 158 5,236 (59) 3,974 3,915 9,151 4,133 4,059 3,904 3,558 2,954 9,673 10,732 11,590 10,289 10,584 2,037 2,213 1,912 1,936 2,543 (percent of total assets) (percent of total assets) (percent of total assets) 13.2 28.1 34.6 79.6 12.9 17.1 38.2 14.5 54.0 46.0 11.4 31.8 34.2 82.2 14.1 15.7 41.2 8.5 51.5 48.5 9.4 30.8 36.1 79.8 15.9 13.7 37.1 13.1 52.2 47.8 5.8 32.8 36.1 80.1 16.1 17.0 39.2 15.0 55.4 44.6 5.7 30.1 36.1 77.5 17.6 18.0 43.0 11.1 57.8 42.2 2.1 10.3 8.8 23.5 53.1 5.7 18.2 34.7 67.4 32.6 2.1 10.8 8.7 24.4 51.8 5.8 18.5 33.9 66.9 33.1 2.6 10.0 8.8 23.9 49.7 5.0 17.9 33.1 65.4 34.6 1.4 10.4 9.3 23.3 49.2 5.4 18.1 32.9 65.4 34.6 1.2 10.0 8.9 22.5 48.6 5.5 17.3 33.9 65.7 34.3 9.0 28.6 17.7 58.3 36.5 11.6 34.2 23.0 58.6 41.4 8.7 31.3 18.9 61.2 34.0 12.1 35.0 21.5 58.6 41.4 8.3 30.2 19.2 60.2 34.1 12.9 38.3 21.3 61.2 38.8 7.9 30.0 20.0 60.7 33.3 12.6 38.1 19.1 58.4 41.6 9.8 26.0 20.1 60.0 35.1 11.6 32.2 23.3 57.2 42.8 13 U.S. Census Bureau TABLE 4.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 27 AND 28 Printing and Publishing1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 4.1 83.9 12.0 2.3 3.2 12.9 4.0 8.9 100.0 3.9 84.5 11.7 2.3 0.6 10.0 3.1 6.9 (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 Prior 2 4Q 1999 1Q 2000 2Q 2000 47,210 1,928 39,600 5,682 1,086 1,517 6,113 1,897 4,217 1,117 3,100 45,795 (657) 48,238 48,830 1,896 41,238 5,695 1,131 302 4,866 1,501 3,365 967 2,398 48,116 (441) 50,073 50,985 1,884 43,130 5,971 1,352 1,648 6,268 2,331 3,937 1,326 2,612 47,299 (396) 49,515 47,410 1,962 40,464 4,984 1,405 2,628 6,207 2,197 4,010 1,648 2,363 50,233 (101) 52,495 49,727 2,068 41,645 6,014 1,515 519 5,018 1,586 3,433 1,726 1,707 46,580 (1,071) 47,217 (percent of net sales) 100.0 3.7 84.6 11.7 2.7 3.2 12.3 4.6 7.7 100.0 4.1 85.3 10.5 3.0 5.5 13.1 4.6 8.5 100.0 4.2 83.7 12.1 3.0 1.0 10.1 3.2 6.9 34.69 23.93 12.34 8.51 27.25 18.84 9.32 6.45 34.97 21.97 11.67 7.33 32.75 21.16 11.66 7.53 25.27 17.28 9.08 6.21 1.39 0.29 1.04 1.33 0.25 0.98 1.27 0.22 0.95 1.17 0.21 1.05 1.20 0.19 1.02 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 14 U.S. Census Bureau Printing and Publishing Assets Under $25 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Chemicals and Allied Products1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Chemicals and Allied Products Assets Under $25 Million1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 12,584 436 11,224 924 180 44 788 80 708 325 383 8,764 21 9,168 12,707 447 11,394 867 171 167 863 130 733 137 596 8,274 (57) 8,813 12,267 440 11,392 435 171 73 337 81 257 135 121 7,810 9 7,940 12,170 423 10,789 958 161 15 812 51 761 379 383 7,531 (145) 7,769 12,321 437 10,817 1,067 182 32 917 94 823 259 564 6,477 20 7,060 119,085 5,086 100,968 13,031 4,063 3,467 12,435 2,840 9,595 6,927 2,669 151,738 (4,444) 149,962 (million dollars) 114,970 4,988 99,170 10,811 4,036 6,265 13,040 1,851 11,189 4,065 7,124 144,528 (1,342) 150,309 116,503 5,337 104,391 6,776 4,381 8,610 11,004 2,287 8,717 5,278 3,439 150,542 (1,892) 152,089 119,884 5,044 102,355 12,486 4,187 6,608 14,907 2,865 12,041 6,402 5,639 155,992 (1,350) 160,282 124,512 5,196 106,491 12,825 4,587 8,135 16,373 2,207 14,167 6,732 7,435 162,517 (3,975) 165,977 5,762 127 5,294 341 65 46 323 71 252 195 56 4,093 29 4,179 (million dollars) 5,378 110 4,815 453 55 14 412 46 366 96 270 3,629 (49) 3,851 4,461 119 4,280 62 67 16 11 5 6 81 (75) 3,116 (15) 3,025 4,764 100 4,203 461 59 20 422 49 373 156 218 2,958 (28) 3,147 5,069 97 4,487 486 63 104 527 78 449 326 123 3,184 (28) 3,280 (percent of net sales) 100.0 3.5 89.2 7.3 1.4 0.3 6.3 0.6 5.6 100.0 3.5 89.7 6.8 1.3 1.3 6.8 1.0 5.8 (percent) 100.0 3.6 92.9 3.5 1.4 0.6 2.7 0.7 2.1 100.0 3.5 88.6 7.9 1.3 0.1 6.7 0.4 6.3 100.0 3.5 87.8 8.7 1.5 0.3 7.4 0.8 6.7 100.0 4.3 84.8 10.9 3.4 2.9 10.4 2.4 8.1 (percent of net sales) 100.0 4.3 86.3 9.4 3.5 5.4 11.3 1.6 9.7 (percent) 100.0 4.6 89.6 5.8 3.8 7.4 9.4 2.0 7.5 100.0 4.2 85.4 10.4 3.5 5.5 12.4 2.4 10.0 100.0 4.2 85.5 10.3 3.7 6.5 13.1 1.8 11.4 100.0 2.2 91.9 5.9 1.1 0.8 5.6 1.2 4.4 (percent of net sales) 100.0 2.0 89.5 8.4 1.0 0.3 7.7 0.9 6.8 (percent) 100.0 2.7 95.9 1.4 1.5 0.4 0.2 0.1 0.1 100.0 2.1 88.2 9.7 1.2 0.4 8.9 1.0 7.8 100.0 1.9 88.5 9.6 1.2 2.1 10.4 1.5 8.9 30.82 27.69 12.73 11.44 33.51 28.45 14.10 11.97 15.05 11.46 5.72 4.35 37.17 34.83 14.47 13.56 39.63 35.55 16.03 14.38 22.93 17.69 7.76 5.99 23.65 20.29 8.10 6.95 19.61 15.53 6.74 5.34 25.92 20.94 8.88 7.18 27.35 23.67 9.58 8.29 21.20 16.55 10.63 8.30 29.10 25.85 15.38 13.66 1.01 0.52 0.47 0.24 36.05 31.86 17.22 15.22 40.28 34.33 21.09 17.97 1.78 0.47 1.22 1.77 0.47 1.23 1.73 0.43 1.01 1.72 0.47 1.05 1.79 0.43 1.09 1.09 0.14 1.08 1.11 0.15 1.10 1.09 0.15 1.12 1.11 0.16 1.06 1.11 0.14 1.13 1.99 0.35 2.11 2.22 0.42 2.07 2.16 0.34 1.47 2.36 0.37 1.53 2.77 0.46 1.97 15 U.S. Census Bureau TABLE 4.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 27 AND 28 Printing and Publishing1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Prior 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 7,063 752 7,815 4,802 12,617 27,846 10,182 9,409 60,054 86,705 2,286 47,901 41,091 96,990 198,135 5,962 731 6,693 4,814 11,507 29,989 10,769 10,057 62,323 89,331 2,138 49,918 41,550 104,854 208,727 5,616 637 6,253 4,682 10,936 31,197 10,033 10,317 62,482 89,267 2,043 49,885 41,425 110,928 214,834 6,102 693 6,795 4,045 10,840 28,817 9,906 10,117 59,679 89,063 2,042 49,683 41,422 111,911 213,012 5,914 585 6,499 2,985 9,484 29,570 10,118 9,874 59,046 90,411 2,109 49,896 42,624 119,350 221,021 3,689 3,067 12,335 1,057 1,738 2,894 18,383 43,164 21,997 34,190 28,290 127,641 22,257 48,238 70,495 198,135 3,876 3,354 13,356 1,184 1,674 3,381 19,901 46,725 24,369 36,396 29,808 137,299 21,355 50,073 71,428 208,727 4,221 3,126 14,003 1,778 1,661 3,232 21,337 49,358 25,512 38,003 30,262 143,134 22,185 49,515 71,700 214,834 4,844 2,875 13,278 2,428 1,639 3,155 22,599 50,818 25,094 34,739 26,558 137,210 23,308 52,495 75,802 213,012 4,825 3,145 13,292 1,140 1,833 2,765 22,370 49,369 28,015 37,422 26,769 141,575 32,229 47,217 79,446 221,021 16,891 15,598 13,123 8,861 9,677 (percent of total assets) 6.4 14.1 5.1 30.3 20.7 5.7 21.8 28.4 64.4 35.6 5.5 14.4 5.2 29.9 19.9 5.9 22.4 29.1 65.8 34.2 5.1 14.5 4.7 29.1 19.3 5.7 23.0 29.6 66.6 33.4 5.1 13.5 4.7 28.0 19.4 5.9 23.9 28.1 64.4 35.6 4.3 13.4 4.6 26.7 19.3 5.7 22.3 29.6 64.1 35.9 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 16 U.S. Census Bureau Printing and Publishing Assets Under $25 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Chemicals and Allied Products1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Chemicals and Allied Products Assets Under $25 Million1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 2,567 609 3,177 593 3,769 6,742 2,815 1,042 14,369 21,322 300 13,124 8,498 1,879 24,746 2,459 649 3,108 561 3,669 6,801 2,570 924 13,965 21,604 265 13,484 8,385 2,139 24,489 2,273 537 2,810 548 3,358 6,717 2,418 978 13,472 22,334 200 14,292 8,243 1,863 23,578 2,343 468 2,811 610 3,421 6,219 2,069 905 12,613 21,120 208 13,201 8,126 1,718 22,457 2,075 428 2,504 503 3,007 6,495 2,139 814 12,455 21,929 272 13,901 8,300 2,134 22,889 7,963 1,313 9,277 12,443 21,720 61,869 51,692 36,175 171,457 325,826 10,020 157,264 178,582 290,752 640,791 (million dollars) 8,954 2,212 11,166 12,639 23,805 62,657 52,643 36,852 175,957 321,060 8,198 153,831 175,427 292,859 644,243 8,502 1,501 10,002 14,554 24,556 61,058 55,021 38,546 179,182 323,431 8,125 153,475 178,082 295,374 652,637 9,827 1,455 11,282 15,428 26,711 63,628 55,977 39,419 185,734 327,895 8,335 159,515 176,715 308,697 671,146 8,247 1,432 9,680 12,920 22,600 66,061 53,993 38,168 180,822 332,924 8,565 161,105 180,385 322,517 683,724 925 186 1,111 313 1,424 3,390 2,773 469 8,057 6,890 261 3,832 3,319 761 12,137 (million dollars) 910 147 1,058 283 1,341 3,041 2,374 364 7,119 6,090 209 3,565 2,734 861 10,714 687 82 769 195 964 2,611 2,145 358 6,078 5,641 197 3,142 2,696 564 9,338 769 72 841 216 1,057 2,897 2,295 424 6,673 5,691 190 3,187 2,694 446 9,813 815 77 892 250 1,142 2,870 2,355 589 6,956 5,637 169 3,238 2,568 469 9,993 1,378 205 3,090 87 833 419 2,043 8,055 3,098 2,443 925 14,522 1,056 9,168 10,224 24,746 1,350 260 3,081 98 894 402 1,797 7,882 3,089 2,406 808 14,184 1,491 8,813 10,305 24,489 1,292 161 3,104 89 857 407 1,857 7,766 3,403 2,709 741 14,619 1,018 7,940 8,958 23,578 1,106 84 2,651 74 751 707 1,940 7,313 3,432 2,262 709 13,716 973 7,769 8,742 22,457 1,195 121 2,695 50 827 404 1,661 6,953 3,203 2,775 702 13,632 2,197 7,060 9,257 22,889 9,236 27,842 35,610 7,916 2,826 7,237 67,077 157,743 47,281 107,365 111,442 423,832 66,997 149,962 216,959 640,791 9,316 27,078 36,314 7,741 2,537 8,164 66,740 157,890 48,640 105,602 111,522 423,653 70,281 150,309 220,590 644,243 7,475 28,960 38,832 6,564 3,995 7,651 71,060 164,537 45,920 106,945 110,767 428,169 72,379 152,089 224,468 652,637 8,239 32,426 39,885 8,701 3,547 7,678 66,397 166,874 45,602 118,534 110,097 441,107 69,757 160,282 230,039 671,146 7,797 30,770 39,142 6,621 3,171 6,723 68,706 162,931 45,868 117,215 118,268 444,282 73,465 165,977 239,442 683,724 832 137 2,052 59 210 38 723 4,051 936 731 332 6,051 1,908 4,179 6,086 12,137 617 145 1,620 40 149 72 557 3,200 767 979 105 5,051 1,812 3,851 5,663 10,714 687 65 1,354 34 182 40 448 2,810 946 1,042 172 4,971 1,342 3,025 4,367 9,338 784 35 1,441 40 129 61 339 2,829 947 1,099 252 5,126 1,540 3,147 4,687 9,813 459 29 1,500 9 99 63 352 2,510 1,141 871 239 4,761 1,952 3,280 5,231 9,993 6,313 6,083 5,706 5,300 5,503 13,714 18,068 14,644 18,860 17,892 4,006 3,920 3,268 3,844 4,445 (percent of total assets) (percent of total assets) (percent of total assets) 15.2 27.2 11.4 58.1 34.3 11.5 32.6 22.4 58.7 41.3 15.0 27.8 10.5 57.0 34.2 11.9 32.2 22.4 57.9 42.1 14.2 28.5 10.3 57.1 35.0 11.5 32.9 25.9 62.0 38.0 15.2 27.7 9.2 56.2 36.2 11.8 32.6 25.4 61.1 38.9 13.1 28.4 9.3 54.4 36.3 11.1 30.4 26.1 59.6 40.4 3.4 9.7 8.1 26.8 27.9 7.4 24.6 24.1 66.1 33.9 3.7 9.7 8.2 27.3 27.2 7.3 24.5 23.9 65.8 34.2 3.8 9.4 8.4 27.5 27.3 7.4 25.2 23.4 65.6 34.4 4.0 9.5 8.3 27.7 26.3 7.7 24.9 24.5 65.7 34.3 3.3 9.7 7.9 26.4 26.4 7.1 23.8 23.9 65.0 35.0 11.7 27.9 22.8 66.4 27.3 10.0 33.4 13.7 49.9 50.1 12.5 28.4 22.2 66.4 25.5 9.2 29.9 16.3 47.1 52.9 10.3 28.0 23.0 65.1 28.9 10.4 30.1 21.3 53.2 46.8 10.8 29.5 23.4 68.0 27.5 10.3 28.8 20.8 52.2 47.8 11.4 28.7 23.6 69.6 25.7 6.5 25.1 20.1 47.6 52.4 17 U.S. Census Bureau TABLE 5.0—INCOME STATEMENT FOR CORPORATIONS IN SIC INDUSTRY GROUPS 281, 2, 6, AND 283 Industrial Chemicals and Synthetics1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 5.9 85.6 8.5 4.0 4.0 8.4 2.3 6.1 100.0 5.9 86.3 7.8 4.0 2.8 6.5 1.5 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 Included in Chemicals and Allied Products. 2 Prior quarters’ data are revised to reflect additional 3 2 4Q 1999 1Q 2000 2Q 2000 39,960 2,350 34,217 3,394 1,607 1,581 3,367 938 2,429 1,054 1,375 39,204 (91) 40,488 37,997 2,237 32,803 2,956 1,537 1,054 2,473 568 1,904 1,106 798 40,238 (292) 40,744 39,240 2,362 36,057 821 1,844 3,088 2,065 689 1,376 1,037 340 40,712 (13) 41,039 41,553 2,262 36,092 3,199 1,753 2,075 3,520 585 2,936 942 1,994 40,740 (218) 42,515 44,239 2,350 38,041 3,847 1,873 1,729 3,703 684 3,019 1,903 1,117 42,865 (588) 43,393 (percent of net sales) 100.0 6.0 91.9 2.1 4.7 7.9 5.3 1.8 3.5 100.0 5.4 86.9 7.7 4.2 5.0 8.5 1.4 7.1 100.0 5.3 86.0 8.7 4.2 3.9 8.4 1.5 6.8 19.88 14.34 5.52 3.98 14.07 10.84 4.06 3.12 11.55 7.70 3.32 2.21 18.41 15.35 5.46 4.55 19.46 15.87 5.63 4.59 1.07 0.10 0.82 1.07 0.12 0.87 1.02 0.10 0.86 1.00 0.11 0.86 1.05 0.08 0.87 information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 18 U.S. Census Bureau Industrial Chemicals and Synthetics Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 20003 2Q 2000 2Q 1999 3Q 1999 Drugs1 2 Drugs Assets Under $25 Million1 1Q 2000 2Q 2000 2Q 19993 3Q 19993 4Q 19993 1Q 2000 2Q 2000 4Q 1999 (million dollars) 1,228 35 1,094 98 12 27 113 15 99 62 37 1,679 (17) 1,699 1,260 28 1,091 141 7 (11) 123 16 107 59 49 1,657 (16) 1,690 1,184 30 1,094 60 19 2 43 2 41 29 12 1,504 8 1,524 1,022 18 827 178 11 (1) 166 11 155 37 118 965 (22) 1,061 1,143 23 1,018 102 11 3 93 8 85 48 37 1,172 1 1,209 39,068 1,314 32,788 4,966 1,259 51 3,758 558 3,200 2,448 752 59,157 (3,192) 56,717 (million dollars) 39,291 1,339 33,448 4,504 1,303 4,276 7,478 364 7,114 1,541 5,573 53,379 (875) 58,076 41,637 1,472 36,732 3,433 1,329 5,543 7,647 781 6,866 2,409 4,456 58,869 (1,456) 61,869 42,348 1,363 35,412 5,574 1,296 2,918 7,195 1,376 5,819 3,919 1,900 66,314 (1,041) 67,173 42,744 1,449 35,935 5,361 1,420 4,194 8,135 605 7,530 2,865 4,665 68,846 (3,091) 70,421 677 25 622 30 8 16 39 16 23 42 (19) 94 2 77 (million dollars) 779 21 691 66 11 8 64 10 54 4 50 (58) 1 (7) 698 19 691 (12) 14 4 (21) 3 (24) 19 (43) (13) 1 (55) 769 23 679 67 11 7 63 7 56 21 35 171 11 217 688 20 636 32 19 0 13 5 7 47 (40) (147) (9) (196) (percent of net sales) 100.0 2.9 89.1 8.0 1.0 2.2 9.2 1.2 8.0 100.0 2.2 86.6 11.2 0.6 (0.9) 9.7 1.2 8.5 (percent) 100.0 2.5 92.4 5.1 1.6 0.2 3.6 0.2 3.5 100.0 1.7 80.9 17.4 1.0 (0.1) 16.2 1.1 15.1 100.0 2.0 89.1 8.9 1.0 0.2 8.1 0.7 7.4 100.0 3.4 83.9 12.7 3.2 0.1 9.6 1.4 8.2 (percent of net sales) 100.0 3.4 85.1 11.5 3.3 10.9 19.0 0.9 18.1 (percent) 100.0 3.5 88.2 8.2 3.2 13.3 18.4 1.9 16.5 100.0 3.2 83.6 13.2 3.1 6.9 17.0 3.2 13.7 100.0 3.4 84.1 12.5 3.3 9.8 19.0 1.4 17.6 100.0 3.7 91.8 4.5 1.1 2.4 5.8 2.4 3.4 (percent of net sales) 100.0 2.7 88.7 8.5 1.4 1.1 8.2 1.3 6.9 (percent) 100.0 2.8 98.9 (1.7) 1.9 0.6 (3.0) 0.4 (3.4) 100.0 3.0 88.3 8.7 1.4 0.9 8.2 0.9 7.3 100.0 3.0 92.4 4.6 2.7 (0.1) 1.8 0.8 1.1 24.58 21.34 15.41 13.37 26.33 23.00 17.25 15.07 10.65 10.10 6.54 6.21 67.11 62.61 34.68 32.35 29.27 26.75 16.56 15.13 19.17 16.32 7.13 6.07 37.45 35.63 13.95 13.27 36.39 32.67 13.83 12.41 34.25 27.70 12.78 10.33 36.83 34.09 14.20 13.15 14.80 8.73 8.18 4.83 25.59 21.54 13.97 11.77 (13.23) (14.95) (5.31) (6.00) 25.64 22.73 13.19 11.69 6.43 3.68 2.76 1.58 2.61 0.67 3.35 2.88 0.79 4.34 2.88 0.57 2.96 2.57 0.47 1.93 2.73 0.38 2.62 1.07 0.20 1.37 1.12 0.21 1.38 1.12 0.22 1.46 1.18 0.26 1.36 1.12 0.23 1.47 2.23 0.61 2.58 2.34 0.57 2.26 1.77 0.33 1.04 2.56 0.65 1.65 2.91 0.73 1.08 19 U.S. Census Bureau TABLE 5.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC INDUSTRY GROUPS 281, 2, 6, AND 283 Industrial Chemicals and Synthetics1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Included in Chemicals and Allied Products. 2 Prior quarters’ data are revised to reflect additional 3 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 2,563 417 2,980 1,786 4,767 22,016 17,970 8,478 53,231 177,090 5,546 91,755 90,881 99,866 243,978 3,146 822 3,967 2,170 6,138 22,497 17,325 8,536 54,495 171,021 3,777 88,107 86,690 102,719 243,905 2,512 504 3,015 2,502 5,517 22,855 19,413 9,160 56,945 174,231 3,663 88,851 89,043 102,694 248,682 3,661 351 4,012 2,386 6,398 24,700 19,842 8,683 59,622 177,065 3,762 92,757 88,070 110,387 258,079 2,184 321 2,504 2,145 4,650 25,781 19,615 10,903 60,949 180,429 3,852 93,428 90,853 111,129 262,930 2,384 6,606 14,481 2,178 1,593 1,929 20,812 49,982 25,278 45,035 55,940 176,235 27,255 40,488 67,743 243,978 3,188 6,757 14,717 2,378 1,242 2,082 20,407 50,770 25,610 41,983 55,259 173,622 29,540 40,744 70,284 243,905 2,457 8,574 15,314 2,215 2,175 2,338 22,569 55,643 23,592 44,165 53,786 177,186 30,457 41,039 71,496 248,682 3,072 10,652 16,886 2,658 1,716 2,434 22,045 59,463 23,620 47,093 51,419 181,594 33,969 42,515 76,484 258,079 2,822 8,674 18,564 2,430 1,566 2,148 21,767 57,971 23,778 48,787 56,291 186,827 32,710 43,393 76,103 262,930 3,249 3,726 1,302 160 2,978 (percent of total assets) 2.0 9.0 7.4 21.8 37.2 5.1 20.5 28.8 72.2 27.8 2.5 9.2 7.1 22.3 35.5 5.4 20.8 27.7 71.2 28.8 2.2 9.2 7.8 22.9 35.8 6.3 22.4 27.2 71.3 28.7 2.5 9.6 7.7 23.1 34.1 6.9 23.0 27.4 70.4 29.6 1.8 9.8 7.5 23.2 34.6 5.8 22.0 27.6 71.1 28.9 information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 20 U.S. Census Bureau Industrial Chemicals and Synthetics Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 20003 2Q 2000 2Q 1999 3Q 1999 Drugs1 2 Drugs Assets Under $25 Million1 1Q 2000 2Q 2000 2Q 19993 3Q 19993 4Q 19993 1Q 2000 2Q 2000 4Q 1999 (million dollars) 287 73 360 101 461 635 621 66 1,784 1,785 81 860 1,005 158 2,946 314 63 378 124 502 717 542 64 1,826 1,585 57 834 808 212 2,846 218 22 240 80 320 741 496 65 1,622 1,727 65 908 884 134 2,640 220 1 221 6 227 560 411 36 1,234 1,275 63 704 633 45 1,913 190 1 191 6 196 686 492 51 1,426 1,450 60 794 716 105 2,247 2,598 440 3,039 9,559 12,598 18,295 16,453 18,441 65,787 69,795 1,326 28,610 42,511 102,599 210,897 (million dollars) 3,045 875 3,921 9,331 13,252 19,438 18,154 18,785 69,629 70,404 1,350 28,920 42,833 101,920 214,383 3,081 482 3,563 10,866 14,430 19,352 18,697 20,076 72,554 71,968 1,418 29,358 44,028 104,661 221,242 3,701 627 4,329 11,932 16,260 18,384 19,182 19,897 73,723 72,752 1,501 30,250 44,003 107,543 225,269 3,466 757 4,223 9,765 13,988 19,054 18,214 16,847 68,103 74,150 1,499 30,935 44,714 116,285 229,102 182 68 250 56 306 318 429 62 1,115 1,288 15 628 675 121 1,911 (million dollars) 219 39 258 20 278 371 430 58 1,136 1,168 14 591 590 111 1,837 114 29 143 22 165 324 350 59 899 1,053 14 519 548 134 1,580 172 31 203 100 303 390 417 87 1,198 1,137 21 543 614 97 1,909 178 30 208 85 294 360 409 111 1,173 1,149 17 595 571 96 1,840 87 36 404 (2) 39 8 112 684 261 120 34 1,099 148 1,699 1,847 2,946 65 9 418 7 25 14 96 634 170 146 30 981 175 1,690 1,865 2,846 84 5 339 8 21 10 96 563 275 153 27 1,018 99 1,524 1,623 2,640 56 1 292 8 35 19 69 480 284 118 42 924 (72) 1,061 988 1,913 40 0 368 (1) 27 21 67 521 255 143 57 976 62 1,209 1,271 2,247 4,968 10,087 8,891 3,111 565 3,109 30,911 61,641 10,054 28,467 32,306 132,469 21,712 56,717 78,429 210,897 3,797 11,440 9,529 2,698 442 3,653 30,507 62,066 9,775 28,914 33,756 134,511 21,795 58,076 79,871 214,383 3,197 11,864 11,741 2,257 639 3,172 31,900 64,770 9,361 29,177 33,872 137,180 22,193 61,869 84,062 221,242 2,982 10,595 12,308 3,948 675 3,291 28,575 62,375 9,261 35,068 34,522 141,226 16,870 67,173 84,044 225,269 2,959 12,103 10,472 2,475 655 2,424 29,550 60,639 9,298 32,557 38,259 140,752 17,929 70,421 88,350 229,102 120 4 250 14 34 17 61 500 172 63 119 854 980 77 1,057 1,911 66 3 249 11 32 24 100 485 195 125 29 834 1,010 (7) 1,003 1,837 138 11 207 10 28 16 96 506 192 228 20 946 689 (55) 634 1,580 83 12 238 13 33 14 75 468 175 277 8 927 765 217 982 1,909 53 17 216 1 16 12 89 403 277 358 11 1,050 986 (196) 790 1,840 1,100 1,192 1,059 754 904 4,146 7,563 7,784 11,348 7,464 614 651 392 730 770 (percent of total assets) (percent of total assets) (percent of total assets) 15.6 21.6 21.1 60.5 34.1 5.8 23.2 12.9 37.3 62.7 17.6 25.2 19.1 64.2 28.4 4.0 22.3 11.1 34.5 65.5 12.1 28.1 18.8 61.4 33.5 4.5 21.3 16.2 38.5 61.5 11.9 29.3 21.5 64.5 33.1 5.8 25.1 21.0 48.3 51.7 8.7 30.5 21.9 63.4 31.9 3.9 23.2 17.7 43.4 56.6 6.0 8.7 7.8 31.2 20.2 8.9 29.2 18.3 62.8 37.2 6.2 9.1 8.5 32.5 20.0 9.0 29.0 18.0 62.7 37.3 6.5 8.7 8.5 32.8 19.9 8.5 29.3 17.4 62.0 38.0 7.2 8.2 8.5 32.7 19.5 7.8 27.7 19.7 62.7 37.3 6.1 8.3 8.0 29.7 19.5 7.9 26.5 18.3 61.4 38.6 16.0 16.6 22.4 58.3 35.3 9.2 26.2 12.3 44.7 55.3 15.1 20.2 23.4 61.8 32.1 6.8 26.4 17.4 45.4 54.6 10.4 20.5 22.2 56.9 34.7 12.2 32.0 26.6 59.9 40.1 15.9 20.4 21.8 62.7 32.2 7.4 24.5 23.7 48.6 51.4 16.0 19.5 22.2 63.8 31.0 5.3 21.9 34.5 57.1 42.9 21 U.S. Census Bureau TABLE 6.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 284, 5, 7, 9, and 29 Residual of Chemicals1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 84.8 11.7 3.0 4.6 13.3 3.4 9.9 100.0 3.7 87.4 8.9 3.2 2.5 8.2 2.4 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 Included in Chemicals and Allied Products. 2 Prior quarters’ data are revised to reflect additional 3 2 4Q 1999 1Q 2000 2Q 2000 40,057 1,423 33,963 4,671 1,196 1,834 5,309 1,343 3,966 3,425 542 53,377 (1,161) 52,757 37,682 1,412 32,919 3,351 1,197 935 3,089 918 2,171 1,418 752 50,911 (175) 51,489 35,626 1,502 31,602 2,522 1,208 (21) 1,292 817 475 1,832 (1,356) 50,961 (423) 49,181 35,983 1,419 30,851 3,713 1,137 1,615 4,191 904 3,287 1,541 1,746 48,939 (91) 50,593 37,529 1,398 32,514 3,617 1,294 2,212 4,535 918 3,617 1,963 1,653 50,806 (297) 52,163 (percent of net sales) 100.0 4.2 88.7 7.1 3.4 (0.1) 3.6 2.3 1.3 100.0 3.9 85.7 10.3 3.2 4.5 11.6 2.5 9.1 100.0 3.7 86.6 9.6 3.4 5.9 12.1 2.4 9.6 30.00 22.41 11.42 8.53 17.54 12.33 6.64 4.67 7.50 2.76 2.83 1.04 24.12 18.91 8.93 7.00 24.19 19.29 9.46 7.55 1.14 0.09 1.15 1.15 0.10 1.13 1.13 0.10 1.14 1.16 0.09 1.06 1.17 0.09 1.18 information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 22 U.S. Census Bureau Residual of Chemicals Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 19993 1Q 20003 2Q 2000 2Q 1999 Petroleum and Coal Products2 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Petroleum and Coal Products Assets Under $25 Million 3Q 1999 4Q 19993 1Q 2000 2Q 2000 (million dollars) 3,857 66 3,578 213 45 2 170 40 130 92 38 2,321 44 2,403 3,339 60 3,033 246 37 16 225 20 205 33 172 2,030 (34) 2,168 2,578 70 2,495 14 34 9 (11) 0 (12) 32 (44) 1,625 (25) 1,556 2,973 58 2,698 217 38 15 194 31 163 98 65 1,821 (17) 1,869 3,239 54 2,833 352 33 102 421 64 357 231 126 2,160 (20) 2,266 67,090 3,293 59,856 3,941 1,522 2,632 5,050 1,069 3,981 2,957 1,024 120,166 (68) 121,122 (million dollars) 80,120 3,506 70,180 6,434 1,528 3,844 8,750 1,972 6,779 3,268 3,511 120,648 (9) 124,150 87,200 3,715 78,792 4,692 1,637 916 3,971 (197) 4,168 3,729 439 123,720 15,136 139,295 95,826 3,534 85,234 7,058 1,495 4,753 10,316 2,237 8,079 4,343 3,736 139,327 (78) 142,985 108,731 3,817 94,774 10,140 1,729 6,313 14,723 4,140 10,584 3,557 7,027 135,359 3,371 145,757 623 12 566 45 4 (8) 33 3 30 38 (8) 360 4 356 (million dollars) 677 11 615 51 4 1 47 4 43 6 37 383 (3) 417 706 12 671 22 5 5 23 11 12 17 (5) 472 11 477 762 14 720 28 5 6 30 7 23 40 (17) 763 4 749 975 15 894 67 7 1 61 14 47 16 31 578 (17) 592 (percent of net sales) 100.0 1.7 92.8 5.5 1.2 0.1 4.4 1.0 3.4 100.0 1.8 90.8 7.4 1.1 0.5 6.7 0.6 6.1 (percent) 100.0 2.7 96.8 0.5 1.3 0.4 (0.4) 0.0 (0.5) 100.0 2.0 90.7 7.3 1.3 0.5 6.5 1.0 5.5 100.0 1.7 87.5 10.9 1.0 3.1 13.0 2.0 11.0 100.0 4.9 89.2 5.9 2.3 3.9 7.5 1.6 5.9 (percent of net sales) 100.0 4.4 87.6 8.0 1.9 4.8 10.9 2.5 8.5 (percent) 100.0 4.3 90.4 5.4 1.9 1.1 4.6 (0.2) 4.8 100.0 3.7 88.9 7.4 1.6 5.0 10.8 2.3 8.4 100.0 3.5 87.2 9.3 1.6 5.8 13.5 3.8 9.7 100.0 1.9 90.8 7.2 0.6 (1.3) 5.3 0.6 4.8 (percent of net sales) 100.0 1.7 90.9 7.5 0.6 0.1 7.0 0.6 6.3 (percent) 100.0 1.7 95.1 3.2 0.7 0.7 3.2 1.6 1.7 100.0 1.8 94.6 3.7 0.6 0.8 3.9 0.9 3.0 100.0 1.5 91.7 6.8 0.7 0.1 6.2 1.4 4.8 21.36 16.36 9.34 7.15 32.20 29.30 14.92 13.58 (2.13) (2.20) (0.88) (0.91) 28.50 23.97 12.92 10.87 53.13 45.00 28.52 24.16 13.84 10.91 6.05 4.77 23.03 17.84 9.92 7.68 9.41 9.88 4.29 4.50 24.11 18.88 10.91 8.54 29.52 21.22 14.39 10.35 34.50 30.91 15.29 13.70 38.94 35.42 19.22 17.49 16.74 8.58 8.45 4.33 14.80 11.24 8.74 6.64 37.62 29.03 18.43 14.22 1.80 0.23 1.66 2.00 0.27 1.51 2.04 0.28 1.17 2.25 0.28 1.39 2.75 0.41 2.20 0.76 0.05 1.87 0.82 0.06 1.85 0.87 0.06 2.26 0.94 0.06 2.40 1.01 0.11 2.42 1.56 0.19 1.68 1.90 0.38 2.07 1.97 0.37 2.06 2.61 0.76 2.83 1.94 0.36 1.91 23 U.S. Census Bureau TABLE 6.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 284, 5, 7, 9, AND 29 Residual of Chemicals1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Included in Chemicals and Allied Products. 2 Prior quarters’ data are revised to reflect additional 3 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 2,802 456 3,258 1,098 4,356 21,558 17,269 9,257 52,439 78,941 3,147 36,899 45,190 88,287 185,916 2,763 515 3,278 1,137 4,415 20,722 17,164 9,532 51,833 79,635 3,071 36,804 45,903 88,220 185,955 2,909 515 3,424 1,186 4,609 18,852 16,911 9,310 49,682 77,233 3,044 35,265 45,011 88,020 182,713 2,465 477 2,942 1,111 4,053 20,544 16,953 10,839 52,389 78,078 3,072 36,507 44,642 90,767 187,798 2,598 354 2,952 1,010 3,962 21,227 16,164 10,418 51,771 78,344 3,214 36,741 44,817 95,104 191,692 1,884 11,150 12,238 2,628 668 2,199 15,354 46,120 11,949 33,863 23,196 115,128 18,030 52,757 70,788 185,916 2,331 8,881 12,068 2,665 853 2,430 15,826 45,053 13,255 34,705 22,507 115,521 18,946 51,489 70,435 185,955 1,821 8,522 11,778 2,091 1,180 2,141 16,591 44,125 12,967 33,602 23,109 113,803 19,729 49,181 68,910 182,713 2,185 11,179 10,691 2,095 1,156 1,953 15,777 45,036 12,722 36,373 24,156 118,287 18,917 50,593 69,511 187,798 2,016 9,992 10,106 1,716 950 2,151 17,389 44,321 12,793 35,872 23,718 116,703 22,826 52,163 74,989 191,692 6,319 6,779 5,557 7,352 7,450 (percent of total assets) 2.3 11.6 9.3 28.2 24.3 8.6 24.8 24.6 61.9 38.1 2.4 11.1 9.2 27.9 24.7 7.8 24.2 25.8 62.1 37.9 2.5 10.3 9.3 27.2 24.6 7.5 24.1 25.5 62.3 37.7 2.2 10.9 9.0 27.9 23.8 8.8 24.0 26.1 63.0 37.0 2.1 11.1 8.4 27.0 23.4 7.9 23.1 25.4 60.9 39.1 information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 24 U.S. Census Bureau Residual of Chemicals Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 19993 1Q 20003 2Q 2000 2Q 1999 Petroleum and Coal Products2 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Petroleum and Coal Products Assets Under $25 Million 3Q 1999 4Q 19993 1Q 2000 2Q 2000 (million dollars) 456 45 500 157 657 2,437 1,723 341 5,159 3,817 166 2,344 1,639 482 7,280 377 45 422 139 561 1,953 1,402 242 4,158 3,337 138 2,140 1,335 538 6,031 355 31 386 93 479 1,545 1,299 235 3,557 2,860 119 1,715 1,264 296 5,117 377 40 417 110 526 1,947 1,466 301 4,241 3,279 106 1,939 1,447 304 5,991 448 46 494 159 652 1,824 1,454 426 4,357 3,038 92 1,849 1,282 267 5,905 2,153 586 2,739 390 3,129 24,731 14,923 7,374 50,157 297,802 39,511 180,702 156,611 127,153 333,921 (million dollars) 2,228 1,092 3,320 505 3,825 27,868 16,558 8,252 56,503 306,374 40,933 187,214 160,093 136,339 352,934 2,817 807 3,624 509 4,134 29,133 15,676 12,182 61,125 307,106 40,018 188,489 158,635 150,513 370,273 2,602 1,003 3,606 466 4,072 31,237 16,503 13,822 65,634 300,787 38,804 184,612 154,979 157,604 378,217 2,941 1,196 4,137 3,881 8,018 36,291 19,703 11,728 75,740 302,495 35,322 165,312 172,504 160,958 409,202 46 17 63 0 63 318 118 26 525 597 19 380 235 106 866 (million dollars) 61 11 72 60 132 369 142 25 668 603 13 398 217 97 983 72 15 87 50 137 404 144 35 719 650 29 438 241 126 1,086 169 11 181 103 283 416 234 37 970 830 32 559 303 92 1,365 92 24 116 56 172 484 240 40 935 874 43 597 319 67 1,321 625 97 1,399 47 138 12 550 2,867 503 548 179 4,097 780 2,403 3,182 7,280 486 133 953 23 92 33 361 2,081 402 708 46 3,236 627 2,168 2,795 6,031 465 49 808 17 133 14 256 1,741 479 661 126 3,008 554 1,556 2,110 5,117 645 23 911 19 61 27 195 1,881 488 704 202 3,275 847 1,869 2,716 5,991 365 12 916 10 55 30 196 1,586 608 370 171 2,735 904 2,266 3,170 5,905 2,286 15,295 20,516 4,195 680 3,576 19,027 65,575 6,679 49,442 66,234 187,930 24,869 121,122 145,991 333,921 1,533 15,396 23,816 4,399 682 3,086 20,242 69,153 7,618 53,694 70,462 200,927 27,857 124,150 152,007 352,934 1,290 14,317 28,186 3,564 697 2,886 19,251 70,191 6,274 49,334 75,693 201,492 29,486 139,295 168,781 370,273 1,624 9,017 31,234 4,899 604 3,385 18,809 69,572 5,152 51,601 80,715 207,039 28,193 142,985 171,178 378,217 763 11,117 31,927 6,836 567 3,678 19,817 74,704 4,967 61,286 68,712 209,669 53,777 145,757 199,534 409,202 68 34 146 5 20 5 59 338 64 38 44 482 28 356 384 866 68 25 173 6 21 5 53 351 42 74 31 498 69 417 485 983 72 4 190 6 23 6 64 365 48 113 12 538 70 477 548 1,086 70 0 208 20 22 11 40 372 79 102 6 559 57 749 806 1,365 163 1 204 21 16 20 57 481 41 98 53 674 56 592 647 1,321 2,292 2,077 1,816 2,360 2,771 (15,418) (12,650) (9,066) (3,938) 1,036 188 317 354 598 453 (percent of total assets) (percent of total assets) (percent of total assets) 9.0 33.5 23.7 70.9 22.5 12.0 39.4 14.4 56.3 43.7 9.3 32.4 23.2 68.9 22.1 12.3 34.5 18.4 53.7 46.3 9.4 30.2 25.4 69.5 24.7 12.9 34.0 22.3 58.8 41.2 8.8 32.5 24.5 70.8 24.1 12.6 31.4 19.9 54.7 45.3 11.0 30.9 24.6 73.8 21.7 7.8 26.9 16.6 46.3 53.7 0.9 7.4 4.5 15.0 46.9 6.5 19.6 16.8 56.3 43.7 1.1 7.9 4.7 16.0 45.4 5.9 19.6 17.4 56.9 43.1 1.1 7.9 4.2 16.5 42.8 5.2 19.0 15.0 54.4 45.6 1.1 8.3 4.4 17.4 41.0 3.9 18.4 15.0 54.7 45.3 2.0 8.9 4.8 18.5 42.2 3.9 18.3 16.2 51.2 48.8 7.3 36.7 13.6 60.6 27.1 14.7 39.0 11.8 55.7 44.3 13.4 37.6 14.5 68.0 22.1 12.1 35.7 11.8 50.6 49.4 12.6 37.2 13.3 66.2 22.2 9.7 33.6 14.8 49.5 50.5 20.7 30.5 17.1 71.1 22.2 7.5 27.2 13.3 41.0 59.0 13.0 36.6 18.1 70.8 24.2 15.1 36.4 10.5 51.0 49.0 25 U.S. Census Bureau TABLE 7.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUP 30 AND ALL DURABLE MANUFACTURING INDUSTRIES Rubber and Misc. Plastics Products Item 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 4.0 88.6 7.4 2.1 1.0 6.2 1.6 4.7 100.0 4.0 89.7 6.3 2.2 0.3 4.4 1.2 3.2 (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 Prior 2 30,101 1,192 26,682 2,227 641 288 1,874 473 1,401 534 867 12,758 (168) 13,458 29,597 1,195 26,552 1,851 644 97 1,304 355 949 359 589 11,710 (68) 12,231 28,964 1,261 26,231 1,472 676 279 1,075 179 896 494 403 14,283 (205) 14,480 30,512 1,220 27,196 2,096 713 583 1,966 560 1,406 470 936 15,289 (237) 15,988 32,261 1,255 28,281 2,725 1,071 293 1,947 481 1,466 585 881 16,642 (150) 17,374 (percent of net sales) 100.0 4.4 90.6 5.1 2.3 1.0 3.7 0.6 3.1 100.0 4.0 89.1 6.9 2.3 1.9 6.4 1.8 4.6 100.0 3.9 87.7 8.4 3.3 0.9 6.0 1.5 4.5 21.95 16.41 8.06 6.03 15.92 11.58 5.60 4.08 12.92 10.77 4.55 3.80 22.53 16.12 7.94 5.68 22.44 16.90 7.79 5.87 1.54 0.16 1.08 1.49 0.17 1.01 1.47 0.16 1.00 1.47 0.14 1.00 1.50 0.14 0.96 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 26 U.S. Census Bureau Rubber and Misc. Plastics Products Assets Under $25 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 All Durable Manufacturing Industries1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 All Durable Manufacturing Industries Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 9,643 332 8,580 731 140 24 615 108 507 219 288 2,386 (22) 2,652 8,688 318 7,972 397 143 12 267 60 207 166 41 1,644 (29) 1,656 8,731 349 8,033 349 146 29 231 41 191 251 (60) 3,009 (48) 2,901 9,042 301 7,991 750 135 32 647 91 557 216 340 3,096 (64) 3,372 9,477 293 8,236 948 235 52 765 120 645 267 378 4,581 (68) 4,891 586,006 20,451 517,760 47,795 10,670 18,404 55,528 15,673 39,856 10,936 28,919 496,006 (8,108) 516,817 (million dollars) 578,789 20,363 518,297 40,129 10,989 17,851 46,991 14,151 32,840 10,615 22,225 513,157 (1,802) 533,580 600,717 20,205 543,620 36,892 11,314 22,703 48,281 14,551 33,729 12,132 21,597 531,343 (460) 552,481 593,810 20,394 530,984 42,432 11,572 23,732 54,592 15,838 38,755 11,853 26,902 555,199 (4,531) 577,570 623,270 20,534 554,504 48,233 11,771 19,759 56,220 16,875 39,345 11,838 27,507 572,997 (7,673) 592,831 85,343 2,143 75,693 7,506 1,049 (39) 6,419 776 5,643 3,043 2,600 47,522 (436) 49,687 (million dollars) 85,075 2,228 76,131 6,715 1,163 272 5,824 887 4,937 2,196 2,740 47,629 (22) 50,348 85,062 2,385 78,967 3,710 1,183 85 2,612 742 1,869 2,329 (459) 47,772 (243) 47,070 82,686 2,208 73,489 6,989 1,093 261 6,157 781 5,376 2,624 2,752 50,640 (178) 53,214 86,791 2,267 77,081 7,443 1,163 176 6,456 897 5,559 2,972 2,588 53,107 (655) 55,039 (percent of net sales) 100.0 3.4 89.0 7.6 1.4 0.2 6.4 1.1 5.3 100.0 3.7 91.8 4.6 1.6 0.1 3.1 0.7 2.4 (percent) 100.0 4.0 92.0 4.0 1.7 0.3 2.7 0.5 2.2 100.0 3.3 88.4 8.3 1.5 0.4 7.2 1.0 6.2 100.0 3.1 86.9 10.0 2.5 0.5 8.1 1.3 6.8 100.0 3.5 88.4 8.2 1.8 3.1 9.5 2.7 6.8 (percent of net sales) 100.0 3.5 89.5 6.9 1.9 3.1 8.1 2.4 5.7 (percent) 100.0 3.4 90.5 6.1 1.9 3.8 8.0 2.4 5.6 100.0 3.4 89.4 7.1 1.9 4.0 9.2 2.7 6.5 100.0 3.3 89.0 7.7 1.9 3.2 9.0 2.7 6.3 100.0 2.5 88.7 8.8 1.2 0.0 7.5 0.9 6.6 (percent of net sales) 100.0 2.6 89.5 7.9 1.4 0.3 6.8 1.0 5.8 (percent) 100.0 2.8 92.8 4.4 1.4 0.1 3.1 0.9 2.2 100.0 2.7 88.9 8.5 1.3 0.3 7.4 0.9 6.5 100.0 2.6 88.8 8.6 1.3 0.2 7.4 1.0 6.4 28.35 23.37 12.32 10.16 14.05 10.89 5.90 4.58 12.31 10.14 4.96 4.09 32.66 28.10 13.89 11.95 35.02 29.51 16.94 14.28 26.19 18.80 10.06 7.22 21.59 15.09 8.29 5.80 21.25 14.84 8.33 5.82 22.55 16.01 9.07 6.44 22.04 15.42 9.06 6.34 34.68 30.49 15.71 13.81 31.14 26.39 14.08 11.93 14.46 10.35 6.40 4.58 32.45 28.34 14.73 12.86 33.19 28.58 15.37 13.24 1.70 0.25 1.27 1.76 0.32 1.19 1.64 0.27 1.11 1.73 0.25 1.21 1.95 0.29 1.56 1.35 0.22 1.55 1.35 0.24 1.55 1.33 0.24 1.60 1.38 0.25 1.63 1.40 0.26 1.67 2.06 0.39 1.41 2.07 0.42 1.40 2.02 0.40 1.33 2.03 0.39 1.42 2.12 0.39 1.44 27 U.S. Census Bureau TABLE 7.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUP 30 AND ALL DURABLE MANUFACTURING INDUSTRIES Rubber and Misc. Plastics Products Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Prior 2 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 (million dollars) 2,561 269 2,830 1,158 3,988 16,265 13,911 3,929 38,093 62,222 1,400 31,945 31,678 23,185 92,956 2,748 375 3,123 1,291 4,414 15,703 13,397 4,276 37,790 62,218 1,281 31,429 32,070 23,216 93,077 2,485 249 2,735 1,347 4,082 15,245 14,148 3,714 37,189 64,658 1,555 33,133 33,079 24,164 94,432 2,222 216 2,438 1,261 3,699 16,615 15,060 3,746 39,120 66,301 1,646 34,539 33,409 26,486 99,014 2,093 311 2,404 1,327 3,731 17,035 15,645 3,903 40,314 66,335 1,789 35,103 33,021 26,654 99,989 4,887 447 9,228 630 1,722 507 7,380 24,801 13,903 10,279 9,821 58,804 20,694 13,458 34,152 92,956 3,957 1,902 8,992 603 1,768 737 7,349 25,308 13,346 10,775 10,885 60,313 20,533 12,231 32,764 93,077 3,795 1,632 9,191 647 1,946 651 7,397 25,259 13,956 11,173 10,749 61,137 18,814 14,480 33,295 94,432 4,590 892 9,382 730 2,272 719 8,007 26,592 13,844 12,674 10,999 64,108 18,918 15,988 34,906 99,014 4,032 1,637 9,341 706 2,250 1,021 7,891 26,877 14,331 12,894 11,176 65,278 17,337 17,374 34,711 99,989 13,292 12,482 11,930 12,528 13,437 (percent of total assets) 4.3 17.5 15.0 41.0 34.1 8.1 26.7 26.0 63.3 36.7 4.7 16.9 14.4 40.6 34.5 9.0 27.2 25.9 64.8 35.2 4.3 16.1 15.0 39.4 35.0 8.5 26.7 26.6 64.7 35.3 3.7 16.8 15.2 39.5 33.7 8.6 26.9 26.8 64.7 35.3 3.7 17.0 15.6 40.3 33.0 8.9 26.9 27.2 65.3 34.7 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 28 U.S. Census Bureau Rubber and Misc. Plastics Products Assets Under $25 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 All Durable Manufacturing Industries1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 All Durable Manufacturing Industries Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 1,329 82 1,411 267 1,678 5,379 3,668 694 11,420 15,818 187 8,999 7,006 1,552 19,978 1,382 186 1,569 304 1,873 4,489 3,175 631 10,168 14,703 142 8,166 6,679 1,212 18,060 1,297 112 1,409 327 1,736 4,625 3,478 539 10,378 16,172 168 9,038 7,302 972 18,652 1,193 89 1,282 236 1,517 4,991 3,567 516 10,590 15,640 242 8,907 6,974 1,077 18,642 1,153 143 1,296 301 1,597 4,850 3,754 486 10,687 15,003 199 8,955 6,247 1,133 60,288 15,987 76,276 66,360 142,635 305,066 290,762 119,196 857,659 964,059 31,627 508,531 487,156 862,307 (million dollars) 64,256 16,170 80,426 74,598 155,025 306,403 293,434 119,049 873,911 972,652 31,262 513,437 490,477 902,241 65,667 18,234 83,901 74,036 157,937 295,717 288,080 127,519 869,254 982,282 32,578 512,280 502,580 946,358 75,518 16,466 91,984 74,102 166,086 309,958 300,583 135,163 911,791 84,314 15,452 99,766 75,233 174,999 318,271 303,056 136,924 933,249 14,824 1,587 16,410 3,953 20,363 42,470 39,315 5,887 108,035 114,043 2,774 70,449 46,368 9,036 163,439 (million dollars) 15,336 1,944 17,280 4,389 21,669 42,935 38,406 5,257 108,266 116,704 2,806 72,708 46,802 10,424 165,492 14,520 1,993 16,513 4,266 20,779 41,130 38,084 5,233 105,226 117,358 3,083 72,190 48,251 9,780 163,257 14,345 2,180 16,525 4,309 20,834 43,918 38,165 5,725 118,730 3,077 72,834 48,974 9,600 13,950 2,020 15,970 4,261 20,231 44,525 39,647 5,261 119,194 3,021 73,917 48,298 10,002 108,642 109,664 993,663 1,001,797 33,053 33,535 519,710 523,493 507,006 511,838 988,899 1,037,058 18,067 2,207,121 2,266,629 2,318,192 2,407,695 2,482,145 167,215 167,964 1,892 201 2,908 109 407 155 1,051 6,722 2,271 1,902 401 11,296 6,031 2,652 8,682 19,978 1,232 242 2,575 68 478 163 1,035 5,793 2,575 1,711 392 10,472 5,932 1,656 7,588 18,060 1,442 113 2,809 74 557 232 1,092 6,319 2,701 1,737 372 11,128 4,623 2,901 7,524 18,652 1,470 192 2,600 59 455 253 1,090 6,119 2,747 1,430 420 10,716 4,553 3,372 7,926 18,642 1,083 107 2,414 105 634 255 871 5,468 2,267 1,252 338 3,851 4,891 8,742 37,531 65,015 184,419 26,413 16,284 13,903 293,927 637,492 160,882 254,314 306,399 331,216 516,817 848,033 37,243 56,467 192,737 28,237 16,353 14,261 301,760 647,059 170,934 265,214 312,790 337,053 533,580 870,633 37,691 56,630 194,682 28,710 18,459 15,542 301,530 653,244 167,623 270,519 317,815 356,509 552,481 908,990 41,943 61,242 199,949 31,168 17,966 18,163 289,456 659,887 174,711 279,135 325,688 390,704 577,570 41,542 66,954 201,738 31,429 19,541 18,442 288,994 668,640 179,036 286,697 327,304 427,637 592,831 10,932 2,036 20,862 608 4,196 2,046 11,804 52,484 18,487 14,696 3,742 89,408 24,344 49,687 74,031 163,439 11,169 2,082 20,403 860 4,347 1,622 11,695 52,178 20,043 14,341 4,108 90,669 24,475 50,348 74,823 165,492 10,486 2,052 20,084 709 4,522 1,728 12,469 52,050 20,493 15,207 3,284 91,034 25,153 47,070 72,223 163,257 10,682 1,838 21,707 777 4,512 1,842 12,091 53,449 19,306 15,355 3,221 91,331 22,670 53,214 75,884 10,320 1,703 20,614 906 4,388 1,904 11,930 51,764 19,276 16,426 2,689 90,155 22,771 55,039 77,809 9,325 1,359,088 1,395,996 1,409,201 1,439,421 1,461,677 968,274 1,020,468 18,067 2,207,121 2,266,629 2,318,192 2,407,695 2,482,145 167,215 167,964 4,697 4,376 4,059 4,471 5,219 220,166 226,852 216,009 251,904 264,609 55,551 56,089 53,176 55,193 57,900 (percent of total assets) (percent of total assets) (percent of total assets) 8.4 26.9 18.4 57.2 35.1 13.3 33.6 20.9 56.5 43.5 10.4 24.9 17.6 56.3 37.0 11.7 32.1 23.7 58.0 42.0 9.3 24.8 18.6 55.6 39.2 12.6 33.9 23.8 59.7 40.3 8.1 26.8 19.1 56.8 37.4 12.7 32.8 22.4 57.5 42.5 8.8 26.8 20.8 59.2 34.6 11.5 30.3 19.5 51.6 48.4 6.5 13.8 13.2 38.9 22.1 6.0 28.9 18.8 61.6 38.4 6.8 13.5 12.9 38.6 21.6 5.5 28.5 19.2 61.6 38.4 6.8 12.8 12.4 37.5 21.7 5.5 28.2 18.9 60.8 39.2 6.9 12.9 12.5 37.9 21.1 5.8 27.4 18.8 59.8 40.2 7.1 12.8 12.2 37.6 20.6 5.9 26.9 18.8 58.9 41.1 12.5 26.0 24.1 66.1 28.4 11.8 32.1 20.3 54.7 45.3 13.1 25.9 23.2 65.4 28.3 11.6 31.5 20.8 54.8 45.2 12.7 25.2 23.3 64.5 29.6 11.5 31.9 21.9 55.8 44.2 12.5 26.3 22.8 65.0 29.3 11.3 32.0 20.7 54.6 45.4 12.0 26.5 23.6 65.3 28.8 10.9 30.8 21.3 53.7 46.3 29 U.S. Census Bureau TABLE 8.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 32 AND 33 Stone, Clay, and Glass Products Item 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 81.7 13.6 2.7 1.9 12.8 3.4 9.4 100.0 4.4 82.0 13.6 2.3 1.2 12.4 3.6 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 Prior 2 20,715 984 16,920 2,811 565 400 2,646 696 1,950 465 1,485 9,529 (6) 11,008 23,496 1,034 19,269 3,193 543 275 2,924 851 2,073 457 1,617 11,702 (31) 13,288 21,493 960 18,395 2,138 527 339 1,950 734 1,216 373 843 12,255 (191) 12,907 19,770 1,035 17,076 1,659 514 10 1,155 381 774 533 241 15,607 151 15,998 24,123 1,120 20,033 2,970 779 (451) 1,739 421 1,319 537 781 17,212 (16) 17,976 (percent of net sales) 100.0 4.5 85.6 9.9 2.5 1.6 9.1 3.4 5.7 100.0 5.2 86.4 8.4 2.6 0.0 5.8 1.9 3.9 100.0 4.6 83.0 12.3 3.2 (1.9) 7.2 1.7 5.5 36.20 26.68 12.70 9.36 38.04 26.97 13.66 9.69 24.73 15.42 9.16 5.71 12.61 8.45 4.96 3.33 17.32 13.13 6.89 5.23 1.56 0.18 1.00 1.56 0.20 1.03 1.46 0.22 1.15 1.57 0.23 1.19 1.66 0.25 1.20 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 30 U.S. Census Bureau Stone, Clay, and Glass Products Assets Under $25 Million 2Q 1999 3Q 1999 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Primary Metal Industries1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Primary Metal Industries Assets Under $25 Million 3Q 1999 4Q 19992 1Q 2000 2Q 2000 (million dollars) 5,121 156 4,453 512 53 (31) 429 24 404 241 163 2,388 94 2,645 6,815 193 5,975 647 67 31 610 60 550 290 261 4,081 42 4,384 6,493 205 6,147 141 76 84 150 72 78 137 (58) 2,715 (3) 2,654 5,061 196 4,651 213 75 75 213 31 183 384 (201) 5,086 86 4,972 6,440 218 5,579 643 96 36 583 61 522 216 306 5,771 30 6,107 37,664 1,597 33,779 2,287 869 357 1,776 498 1,277 575 703 28,716 (82) 29,337 (million dollars) 37,949 1,687 34,432 1,830 916 457 1,371 453 917 484 433 28,935 190 29,558 39,109 1,696 35,855 1,558 1,050 266 775 173 602 473 128 29,226 (154) 29,200 40,584 1,721 36,516 2,347 1,029 755 2,073 540 1,533 858 676 29,180 (232) 29,624 41,234 1,725 36,882 2,628 1,121 521 2,027 603 1,424 464 960 28,119 (579) 28,501 3,831 110 3,282 439 38 (10) 391 28 363 172 191 3,339 (41) 3,490 (million dollars) 3,778 119 3,403 256 44 (23) 189 26 163 136 27 3,157 31 3,215 3,938 126 3,576 236 45 (13) 177 21 156 88 68 3,049 (42) 3,076 3,636 108 3,210 318 36 2 284 18 266 136 130 2,827 25 2,982 3,588 94 3,098 396 40 9 364 32 332 159 173 2,785 (12) 2,946 (percent of net sales) 100.0 3.0 86.9 10.0 1.0 (0.6) 8.4 0.5 7.9 100.0 2.8 87.7 9.5 1.0 0.4 8.9 0.9 8.1 (percent) 100.0 3.2 94.7 2.2 1.2 1.3 2.3 1.1 1.2 100.0 3.9 91.9 4.2 1.5 1.5 4.2 0.6 3.6 100.0 3.4 86.6 10.0 1.5 0.6 9.1 1.0 8.1 100.0 4.2 89.7 6.1 2.3 0.9 4.7 1.3 3.4 (percent of net sales) 100.0 4.4 90.7 4.8 2.4 1.2 3.6 1.2 2.4 (percent) 100.0 4.3 91.7 4.0 2.7 0.7 2.0 0.4 1.5 100.0 4.2 90.0 5.8 2.5 1.9 5.1 1.3 3.8 100.0 4.2 89.4 6.4 2.7 1.3 4.9 1.5 3.5 100.0 2.9 85.7 11.4 1.0 (0.3) 10.2 0.7 9.5 (percent of net sales) 100.0 3.2 90.1 6.8 1.2 (0.6) 5.0 0.7 4.3 (percent) 100.0 3.2 90.8 6.0 1.1 (0.3) 4.5 0.5 4.0 100.0 3.0 88.3 8.7 1.0 0.1 7.8 0.5 7.3 100.0 2.6 86.4 11.0 1.1 0.2 10.1 0.9 9.3 36.21 34.14 17.08 16.11 41.40 37.36 20.91 18.87 11.40 5.96 5.61 2.93 12.73 10.90 6.80 5.83 32.34 28.94 17.35 15.52 13.10 9.42 4.69 3.38 10.09 6.75 3.56 2.38 5.58 4.33 1.93 1.50 15.04 11.12 5.14 3.81 14.14 9.93 4.84 3.40 38.38 35.63 20.64 19.17 19.38 16.69 9.78 8.42 19.57 17.23 9.18 8.08 32.56 30.49 16.41 15.37 42.97 39.24 22.30 20.37 1.99 0.44 1.72 2.06 0.46 1.91 1.96 0.57 1.75 2.09 0.48 2.07 2.38 0.47 1.91 1.71 0.18 1.18 1.68 0.17 1.14 1.59 0.14 1.08 1.61 0.12 1.05 1.50 0.12 1.03 2.18 0.53 2.35 1.95 0.42 1.92 1.82 0.31 1.56 1.87 0.32 1.88 2.08 0.36 1.94 31 U.S. Census Bureau TABLE 8.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 32 AND 33 Stone, Clay, and Glass Products Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Prior 2 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 (million dollars) 2,021 208 2,230 805 3,034 11,817 8,382 2,743 25,976 56,834 4,383 26,741 34,476 22,875 83,327 2,434 340 2,774 708 3,482 12,566 8,426 2,685 27,160 58,990 4,556 27,868 35,678 22,775 85,613 2,726 279 3,006 866 3,872 10,577 8,063 3,655 26,166 56,051 5,767 26,692 35,127 23,838 85,131 3,158 206 3,364 764 4,128 11,694 8,938 3,899 28,659 62,450 5,827 29,135 39,142 25,244 93,044 3,386 631 4,016 678 4,695 13,137 9,652 3,791 31,276 64,312 6,272 29,581 41,003 28,637 100,915 1,520 558 5,899 845 779 268 6,793 16,662 11,955 14,172 11,306 54,095 18,224 11,008 29,232 83,327 1,456 686 6,139 739 709 600 7,047 17,377 11,882 14,466 11,139 54,863 17,461 13,288 30,749 85,613 1,637 787 5,725 757 930 629 7,432 17,896 8,857 14,669 12,174 53,596 18,628 12,907 31,535 85,131 1,773 1,155 6,034 628 1,192 727 6,704 18,212 9,929 15,930 12,359 56,431 20,615 15,998 36,614 93,044 1,487 772 6,441 830 1,281 1,077 7,008 18,896 11,646 17,092 13,111 60,745 22,194 17,976 40,170 100,915 9,314 9,783 8,270 10,447 12,380 (percent of total assets) 3.6 14.2 10.1 31.2 41.4 3.8 20.0 31.4 64.9 35.1 4.1 14.7 9.8 31.7 41.7 4.0 20.3 30.8 64.1 35.9 4.5 12.4 9.5 30.7 41.3 4.7 21.0 27.6 63.0 37.0 4.4 12.6 9.6 30.8 42.1 5.2 19.6 27.8 60.6 39.4 4.7 13.0 9.6 31.0 40.6 4.6 18.7 28.5 60.2 39.8 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 32 U.S. Census Bureau Stone, Clay, and Glass Products Assets Under $25 Million 2Q 1999 3Q 1999 4Q 1999 1Q 20002 2Q 2000 2Q 1999 Primary Metal Industries1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Primary Metal Industries Assets Under $25 Million 3Q 1999 4Q 19992 1Q 2000 2Q 2000 (million dollars) 935 70 1,005 377 1,382 2,808 1,697 406 6,293 8,311 261 5,254 3,318 431 10,042 1,113 86 1,199 395 1,595 3,420 1,777 404 7,196 9,687 457 6,102 4,041 431 11,668 1,252 100 1,352 517 1,869 2,689 1,513 413 6,484 8,832 560 5,497 3,894 318 10,697 904 148 1,053 536 1,589 3,149 1,661 506 6,904 11,315 580 6,766 5,128 505 12,537 906 160 1,066 455 1,521 3,600 2,177 404 7,702 11,461 523 6,875 5,108 641 13,451 2,557 400 2,957 2,516 5,473 18,528 21,932 4,745 50,678 114,696 5,375 53,858 66,212 34,475 151,365 (million dollars) 2,398 353 2,751 2,403 5,154 19,546 22,673 4,417 51,789 116,030 5,530 54,649 66,912 35,240 153,941 2,522 299 2,821 1,678 4,499 19,023 23,700 4,760 51,982 119,855 5,453 55,138 70,169 38,338 160,489 2,135 210 2,345 1,521 3,867 20,409 23,920 4,875 53,071 118,476 5,704 55,157 69,023 39,064 161,157 2,426 169 2,595 1,572 4,168 20,687 24,292 4,688 53,834 117,666 5,626 52,959 70,334 43,205 167,373 579 97 675 417 1,092 1,870 1,329 202 4,494 6,339 148 3,789 2,697 381 7,573 (million dollars) 493 62 555 396 951 2,016 1,301 198 4,466 6,733 142 4,001 2,874 413 7,752 553 107 660 107 767 1,934 1,540 278 4,519 7,241 199 4,490 2,950 259 7,729 541 59 600 90 690 1,834 1,202 341 4,067 6,382 170 4,020 2,532 321 6,920 550 53 603 102 705 1,844 1,206 272 4,027 5,706 88 3,741 2,054 442 6,522 607 15 1,408 42 241 104 741 3,157 1,246 550 352 5,305 2,092 2,645 4,737 10,042 657 105 1,463 50 293 148 776 3,491 1,330 546 409 5,775 1,509 4,384 5,892 11,668 767 150 1,270 55 301 36 726 3,305 1,232 518 375 5,431 2,612 2,654 5,266 10,697 654 49 1,522 52 364 63 600 3,304 1,465 643 424 5,835 1,730 4,972 6,702 12,537 608 56 1,638 41 294 97 501 3,235 1,893 820 288 6,237 1,107 6,107 7,214 13,451 2,183 1,502 12,017 839 1,157 909 10,988 29,595 13,002 27,190 27,344 97,131 24,897 29,337 54,234 151,365 2,506 1,111 12,941 788 1,020 965 11,425 30,756 14,888 27,013 26,924 99,582 24,801 29,558 54,359 153,941 3,211 1,878 13,143 735 1,092 997 11,551 32,606 14,533 29,830 27,964 104,933 26,356 29,200 55,556 160,489 3,194 1,481 13,144 1,153 1,199 1,656 11,137 32,963 14,856 30,053 28,140 106,012 25,522 29,624 55,146 161,157 2,975 3,599 12,727 1,231 1,190 2,153 12,007 35,881 14,410 31,152 28,596 110,039 28,833 28,501 57,333 167,373 265 8 1,014 59 210 25 477 2,058 920 306 216 3,500 583 3,490 4,073 7,573 293 13 1,051 50 262 28 594 2,290 950 496 107 3,841 696 3,215 3,911 7,752 480 27 1,118 31 289 25 513 2,484 1,161 334 127 4,105 548 3,076 3,623 7,729 367 3 966 38 288 71 441 2,174 791 334 134 3,433 505 2,982 3,487 6,920 301 18 888 17 264 64 384 1,935 762 334 105 3,137 439 2,946 3,386 6,522 3,135 3,705 3,179 3,599 4,467 21,083 21,033 19,376 20,108 17,953 2,436 2,176 2,035 1,893 2,092 (percent of total assets) (percent of total assets) (percent of total assets) 13.8 28.0 16.9 62.7 33.0 9.6 31.4 17.9 52.8 47.2 13.7 29.3 15.2 61.7 34.6 10.3 29.9 16.1 49.5 50.5 17.5 25.1 14.1 60.6 36.4 11.7 30.9 16.4 50.8 49.2 12.7 25.1 13.2 55.1 40.9 9.0 26.4 16.8 46.5 53.5 11.3 26.8 16.2 57.3 38.0 7.8 24.1 20.2 46.4 53.6 3.6 12.2 14.5 33.5 43.7 3.8 19.6 26.6 64.2 35.8 3.3 12.7 14.7 33.6 43.5 3.6 20.0 27.2 64.7 35.3 2.8 11.9 14.8 32.4 43.7 4.5 20.3 27.6 65.4 34.6 2.4 12.7 14.8 32.9 42.8 4.7 20.5 27.9 65.8 34.2 2.5 12.4 14.5 32.2 42.0 5.9 21.4 27.2 65.7 34.3 14.4 24.7 17.6 59.3 35.6 6.7 27.2 16.2 46.2 53.8 12.3 26.0 16.8 57.6 37.1 7.7 29.5 18.7 49.6 50.4 9.9 25.0 19.9 58.5 38.2 10.6 32.1 19.3 53.1 46.9 10.0 26.5 17.4 58.8 36.6 10.5 31.4 16.3 49.6 50.4 10.8 28.3 18.5 61.7 31.5 9.9 29.7 16.8 48.1 51.9 33 U.S. Census Bureau TABLE 9.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC INDUSTRY GROUPS 331, 2, 9, AND 333−6 Iron and Steel1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 4.6 90.6 4.8 2.5 0.8 3.1 1.2 1.9 100.0 4.8 91.8 3.4 2.5 0.5 1.4 1.0 0.4 (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 Included in Primary 2 Prior quarters’ data 3 2 4Q 1999 1Q 2000 2Q 2000 18,988 878 17,206 904 469 159 595 235 360 186 174 7,840 (26) 7,988 19,365 928 17,782 654 481 89 262 193 69 170 (101) 7,853 187 7,939 20,298 949 18,723 626 550 86 162 174 (12) 166 (178) 8,641 (127) 8,336 21,296 979 19,341 977 571 292 697 246 451 172 280 8,486 (5) 8,761 22,139 993 19,954 1,192 591 90 692 246 445 209 236 8,820 (533) 8,523 (percent of net sales) 100.0 4.7 92.2 3.1 2.7 0.4 0.8 0.9 (0.1) 100.0 4.6 90.8 4.6 2.7 1.4 3.3 1.2 2.1 100.0 4.5 90.1 5.4 2.7 0.4 3.1 1.1 2.0 9.71 5.87 3.12 1.89 4.16 1.09 1.31 0.35 2.46 (0.19) 0.76 (0.06) 10.59 6.86 3.30 2.14 10.67 6.87 3.26 2.10 1.83 0.21 1.05 1.77 0.20 1.00 1.65 0.15 0.93 1.65 0.14 0.94 1.67 0.14 0.91 Metal Industries. are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 34 U.S. Census Bureau Iron and Steel Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 19993 1Q 2000 2Q 2000 2Q 1999 Nonferrous Metals1 3Q 1999 4Q 1999 2 Nonferrous Metals Assets Under $25 Million1 1Q 2000 2Q 2000 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 1,374 43 1,194 136 16 3 124 7 117 52 65 1,337 (3) 1,399 1,300 43 1,194 63 15 (2) 46 7 39 55 (16) 968 11 963 1,500 45 1,367 88 16 (3) 70 16 54 26 28 1,375 (3) 1,400 1,426 47 1,302 77 15 8 70 11 59 51 9 1,325 14 1,347 1,691 50 1,456 185 20 (1) 164 18 146 47 98 1,286 (4) 1,381 18,676 720 16,573 1,383 400 198 1,181 264 917 388 529 20,876 (56) 21,349 (million dollars) 18,584 759 16,650 1,175 435 368 1,109 260 848 315 534 21,082 4 21,619 18,812 747 17,132 933 500 180 613 (1) 614 307 307 20,585 (27) 20,864 19,288 742 17,175 1,370 458 463 1,375 294 1,082 686 396 20,694 (227) 20,863 19,095 732 16,928 1,435 530 430 1,336 357 979 255 724 19,299 (46) 19,977 2,457 67 2,088 302 22 (13) 267 21 246 120 126 2,002 (38) 2,091 (million dollars) 2,478 77 2,209 192 28 (20) 144 20 124 81 43 2,189 20 2,252 2,437 81 2,209 148 29 (11) 108 5 102 62 40 1,674 (39) 1,675 2,210 61 1,908 241 21 (6) 214 7 206 85 121 1,502 11 1,635 1,896 44 1,642 210 20 10 200 13 187 112 75 1,499 (8) 1,566 (percent of net sales) 100.0 3.1 86.9 9.9 1.1 0.2 9.0 0.5 8.5 100.0 3.3 91.9 4.9 1.2 (0.2) 3.5 0.5 3.0 (percent) 100.0 3.0 91.1 5.9 1.0 (0.2) 4.6 1.1 3.6 100.0 3.3 91.3 5.4 1.0 0.6 4.9 0.7 4.2 100.0 3.0 86.1 10.9 1.2 (0.1) 9.7 1.1 8.6 100.0 3.9 88.7 7.4 2.1 1.1 6.3 1.4 4.9 (percent of net sales) 100.0 4.1 89.6 6.3 2.3 2.0 6.0 1.4 4.6 (percent) 100.0 4.0 91.1 5.0 2.7 1.0 3.3 0.0 3.3 100.0 3.8 89.0 7.1 2.4 2.4 7.1 1.5 5.6 100.0 3.8 88.7 7.5 2.8 2.3 7.0 1.9 5.1 100.0 2.7 85.0 12.3 0.9 (0.5) 10.9 0.9 10.0 (percent of net sales) 100.0 3.1 89.1 7.8 1.1 (0.8) 5.8 0.8 5.0 (percent) 100.0 3.3 90.6 6.1 1.2 (0.4) 4.4 0.2 4.2 100.0 2.8 86.3 10.9 1.0 (0.3) 9.7 0.3 9.3 100.0 2.3 86.6 11.1 1.1 0.5 10.5 0.7 9.8 30.10 28.44 16.53 15.61 13.95 11.90 6.24 5.32 17.38 13.40 8.95 6.90 17.98 15.26 9.65 8.19 39.71 35.28 20.20 17.95 15.89 12.34 6.29 4.88 15.21 11.64 5.98 4.58 8.39 8.41 3.24 3.25 19.10 15.02 7.18 5.65 17.01 12.46 6.48 4.74 43.98 40.51 23.33 21.49 22.09 19.09 11.91 10.29 21.31 20.28 9.33 8.88 44.31 42.77 21.28 20.54 46.07 43.02 24.38 22.77 2.33 0.40 2.55 1.68 0.25 1.52 2.12 0.39 1.81 2.00 0.35 2.03 2.00 0.32 1.79 1.60 0.15 1.31 1.58 0.13 1.30 1.53 0.12 1.25 1.56 0.09 1.18 1.33 0.09 1.17 2.10 0.60 2.23 2.14 0.53 2.21 1.66 0.26 1.41 1.79 0.30 1.78 2.16 0.40 2.12 35 U.S. Census Bureau TABLE 9.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC INDUSTRY GROUPS 331, 2, 9, AND 333−6 Iron and Steel1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Included in Primary 2 Prior quarters’ data 3 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 1,226 115 1,341 1,865 3,206 9,201 13,141 1,787 27,335 61,017 1,748 26,657 36,109 12,788 76,232 1,324 72 1,396 1,805 3,201 9,799 13,735 1,841 28,577 63,031 1,869 27,491 37,410 13,805 79,792 1,244 68 1,311 1,384 2,695 9,731 14,545 1,959 28,930 65,835 1,764 28,133 39,467 16,488 84,885 1,116 35 1,151 1,289 2,440 10,539 14,608 1,848 29,436 65,375 1,765 28,366 38,774 16,307 84,517 1,413 17 1,430 1,130 2,560 10,891 14,901 1,745 30,097 65,621 1,682 28,465 38,839 15,927 84,863 1,296 147 6,559 389 684 430 5,456 14,962 7,003 13,734 16,030 51,729 16,516 7,988 24,503 76,232 1,439 92 7,124 439 545 529 5,940 16,108 8,297 14,201 15,979 54,586 17,266 7,939 25,205 79,792 1,930 821 7,351 354 486 478 6,129 17,549 9,157 15,302 16,536 58,545 18,005 8,336 26,341 84,885 2,017 846 7,218 494 601 768 5,906 17,851 9,114 14,770 16,447 58,181 17,574 8,761 26,336 84,517 1,858 899 7,451 428 577 715 6,057 17,985 9,006 15,514 16,431 58,937 17,403 8,523 25,926 84,863 12,373 12,468 11,381 11,585 12,112 (percent of total assets) 4.2 12.1 17.2 35.9 47.4 3.4 19.6 27.2 67.9 32.1 4.0 12.3 17.2 35.8 46.9 3.3 20.2 28.2 68.4 31.6 3.2 11.5 17.1 34.1 46.5 4.4 20.7 28.8 69.0 31.0 2.9 12.5 17.3 34.8 45.9 5.0 21.1 28.3 68.8 31.2 3.0 12.8 17.6 35.5 45.8 4.8 21.2 28.9 69.4 30.6 Metal Industries. are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 36 U.S. Census Bureau Iron and Steel Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 19993 1Q 2000 2Q 2000 2Q 1999 Nonferrous Metals1 3Q 1999 4Q 1999 2 Nonferrous Metals Assets Under $25 Million1 1Q 2000 2Q 2000 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 159 89 248 43 291 711 632 64 1,698 2,702 74 1,645 1,131 167 2,996 109 48 158 73 230 702 565 77 1,574 2,625 61 1,599 1,087 257 2,918 188 59 246 99 346 754 648 118 1,865 3,009 124 2,010 1,123 128 3,116 204 12 216 85 301 733 560 118 1,712 2,990 120 2,044 1,066 122 2,900 215 10 225 84 308 905 607 95 1,915 2,999 61 1,931 1,129 200 3,245 1,331 285 1,616 652 2,268 9,327 8,792 2,957 23,343 53,679 3,627 27,202 30,104 21,686 75,133 (million dollars) 1,074 281 1,355 598 1,953 9,747 8,938 2,575 23,213 52,999 3,662 27,158 29,502 21,435 74,149 1,279 231 1,510 294 1,804 9,292 9,155 2,801 23,052 54,020 3,688 27,006 30,703 21,850 75,604 1,020 174 1,194 232 1,426 9,870 9,312 3,027 23,635 53,101 3,939 26,791 30,249 22,757 76,641 1,013 152 1,165 442 1,607 9,797 9,391 2,942 23,737 52,045 3,944 24,494 31,495 27,278 82,510 420 7 428 374 802 1,159 697 138 2,796 3,636 74 2,144 1,566 215 4,577 (million dollars) 384 13 398 323 720 1,314 736 121 2,892 4,108 81 2,402 1,787 156 4,835 365 48 413 8 421 1,180 892 160 2,654 4,231 75 2,479 1,827 131 4,612 337 47 384 5 389 1,100 642 223 2,355 3,392 50 1,976 1,466 199 4,020 335 43 378 19 397 939 599 177 2,112 2,707 27 1,810 924 241 3,278 71 0 373 7 84 12 183 730 398 78 145 1,351 246 1,399 1,645 2,996 109 0 430 15 111 10 261 937 421 210 45 1,613 342 963 1,305 2,918 158 10 409 18 126 5 155 881 549 38 44 1,512 204 1,400 1,604 3,116 141 1 361 27 163 36 127 855 395 33 61 1,343 209 1,347 1,557 2,900 134 4 471 10 170 16 150 956 477 122 39 1,594 270 1,381 1,651 3,245 887 1,354 5,458 450 473 479 5,532 14,634 5,999 13,456 11,314 45,402 8,381 21,349 29,731 75,133 1,067 1,019 5,817 349 475 436 5,486 14,648 6,591 12,812 10,945 44,995 7,535 21,619 29,154 74,149 1,280 1,056 5,793 381 606 519 5,422 15,057 5,375 14,528 11,428 46,389 8,351 20,864 29,215 75,604 1,177 635 5,926 658 598 887 5,230 15,112 5,742 15,284 11,693 47,831 7,947 20,863 28,810 76,641 1,116 2,700 5,276 803 613 1,438 5,950 17,896 5,404 15,638 12,164 51,102 11,430 19,977 31,407 82,510 194 8 641 52 127 13 294 1,328 521 227 71 2,149 338 2,091 2,428 4,577 183 13 620 35 151 18 332 1,352 529 286 62 2,229 354 2,252 2,606 4,835 321 17 709 13 163 21 358 1,603 612 296 83 2,593 344 1,675 2,019 4,612 226 2 605 11 125 36 313 1,319 397 301 73 2,090 296 1,635 1,931 4,020 167 14 417 7 93 49 233 980 285 212 66 1,543 169 1,566 1,735 3,278 968 637 984 857 960 8,709 8,565 7,995 8,523 5,841 1,468 1,539 1,051 1,037 1,132 (percent of total assets) (percent of total assets) (percent of total assets) 9.7 23.7 21.1 56.7 37.8 5.6 24.4 15.9 45.1 54.9 7.9 24.1 19.4 53.9 37.3 7.9 32.1 21.6 55.3 44.7 11.1 24.2 20.8 59.9 36.0 9.6 28.3 18.8 48.5 51.5 10.4 25.3 19.3 59.0 36.8 11.8 29.5 14.8 46.3 53.7 9.5 27.9 18.7 59.0 34.8 10.0 29.4 18.5 49.1 50.9 3.0 12.4 11.7 31.1 40.1 4.2 19.5 25.9 60.4 39.6 2.6 13.1 12.1 31.3 39.8 4.0 19.8 26.2 60.7 39.3 2.4 12.3 12.1 30.5 40.6 4.6 19.9 26.3 61.4 38.6 1.9 12.9 12.1 30.8 39.5 4.3 19.7 27.4 62.4 37.6 1.9 11.9 11.4 28.8 38.2 7.1 21.7 25.5 61.9 38.1 17.5 25.3 15.2 61.1 34.2 7.5 29.0 16.3 46.9 53.1 14.9 27.2 15.2 59.8 37.0 7.5 28.0 16.9 46.1 53.9 9.1 25.6 19.3 57.5 39.6 11.3 34.7 19.7 56.2 43.8 9.7 27.4 16.0 58.6 36.5 9.7 32.8 17.4 52.0 48.0 12.1 28.6 18.3 64.4 28.2 9.9 29.9 15.2 47.1 52.9 37 U.S. Census Bureau TABLE 10.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 34 AND 35 Fabricated Metal Products1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 2.9 87.1 10.0 2.1 0.3 8.2 1.5 6.7 100.0 3.0 87.5 9.5 2.1 1.6 9.0 1.8 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 Prior 2 4Q 1999 1Q 2000 2Q 2000 46,211 1,345 40,256 4,609 979 159 3,789 688 3,101 1,230 1,872 41,345 (360) 42,857 46,916 1,389 41,057 4,469 981 746 4,234 840 3,394 1,383 2,011 43,056 (243) 44,823 45,387 1,451 40,446 3,490 1,121 294 2,663 769 1,894 1,028 865 42,772 (258) 43,379 47,017 1,441 40,923 4,653 1,039 372 3,986 850 3,136 1,010 2,125 42,169 (147) 44,148 48,487 1,429 42,327 4,730 1,165 282 3,847 954 2,893 1,095 1,798 42,441 (349) 43,890 (percent of net sales) 100.0 3.2 89.1 7.7 2.5 0.6 5.9 1.7 4.2 100.0 3.1 87.0 9.9 2.2 0.8 8.5 1.8 6.7 100.0 2.9 87.3 9.8 2.4 0.6 7.9 2.0 6.0 25.77 21.10 10.73 8.78 27.72 22.22 11.55 9.26 17.67 12.56 7.26 5.17 25.71 20.22 10.56 8.31 25.04 18.83 10.15 7.64 1.70 0.21 1.27 1.84 0.25 1.22 1.73 0.21 1.20 1.70 0.18 1.20 1.69 0.19 1.15 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 38 U.S. Census Bureau Fabricated Metal Products Assets Under $25 Million 2Q 1999 3Q 1999 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Machinery, Except Electrical1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Machinery, Except Electrical Assets Under $25 Million 3Q 1999 4Q 19992 1Q 20002 2Q 2000 (million dollars) 18,768 477 16,524 1,767 231 (88) 1,448 153 1,295 664 630 15,427 (163) 15,895 18,591 521 16,363 1,708 226 103 1,585 184 1,402 462 939 15,363 23 16,326 18,487 601 16,966 920 234 (103) 583 148 436 594 (159) 15,716 (40) 15,517 19,365 564 16,807 1,994 242 3 1,755 194 1,561 584 978 14,772 (14) 15,736 19,477 517 17,167 1,792 242 28 1,579 194 1,385 601 784 15,323 (175) 15,931 112,759 4,156 100,408 8,195 1,883 6,407 12,719 4,062 8,656 1,960 6,696 89,546 (684) 95,559 (million dollars) 113,602 4,166 104,317 5,119 1,951 5,760 8,928 3,058 5,871 1,825 4,046 94,694 150 98,890 112,701 4,021 104,811 3,869 2,150 6,088 7,807 2,626 5,181 2,276 2,905 99,848 (2,382) 100,371 110,776 4,023 100,657 6,096 2,056 4,928 8,969 2,625 6,344 1,993 4,351 100,302 (515) 104,138 118,622 4,204 106,906 7,512 2,095 6,013 11,430 3,246 8,185 2,567 5,618 102,863 (1,320) 107,160 19,082 592 16,658 1,832 233 77 1,675 220 1,456 628 828 14,253 (109) 14,971 (million dollars) 18,895 588 16,876 1,430 262 126 1,294 230 1,065 590 474 13,108 (30) 13,552 19,010 630 17,865 516 320 66 261 143 119 598 (480) 14,242 8 13,770 18,834 577 16,549 1,708 246 61 1,523 174 1,349 708 641 14,260 (190) 14,711 19,539 608 17,155 1,776 272 19 1,523 225 1,299 541 757 14,435 (176) 15,016 (percent of net sales) 100.0 2.5 88.0 9.4 1.2 (0.5) 7.7 0.8 6.9 100.0 2.8 88.0 9.2 1.2 0.6 8.5 1.0 7.5 (percent) 100.0 3.3 91.8 5.0 1.3 (0.6) 3.2 0.8 2.4 100.0 2.9 86.8 10.3 1.2 0.0 9.1 1.0 8.1 100.0 2.7 88.1 9.2 1.2 0.1 8.1 1.0 7.1 100.0 3.7 89.0 7.3 1.7 5.7 11.3 3.6 7.7 (percent of net sales) 100.0 3.7 91.8 4.5 1.7 5.1 7.9 2.7 5.2 (percent) 100.0 3.6 93.0 3.4 1.9 5.4 6.9 2.3 4.6 100.0 3.6 90.9 5.5 1.9 4.4 8.1 2.4 5.7 100.0 3.5 90.1 6.3 1.8 5.1 9.6 2.7 6.9 100.0 3.1 87.3 9.6 1.2 0.4 8.8 1.2 7.6 (percent of net sales) 100.0 3.1 89.3 7.6 1.4 0.7 6.8 1.2 5.6 (percent) 100.0 3.3 94.0 2.7 1.7 0.3 1.4 0.8 0.6 100.0 3.1 87.9 9.1 1.3 0.3 8.1 0.9 7.2 100.0 3.1 87.8 9.1 1.4 0.1 7.8 1.1 6.6 32.89 29.41 16.51 14.76 34.55 30.55 17.44 15.42 13.10 9.79 6.37 4.76 38.28 34.05 18.65 16.59 34.84 30.57 16.93 14.86 29.25 19.91 12.04 8.20 19.83 13.04 8.18 5.38 17.14 11.38 7.05 4.68 18.78 13.28 7.85 5.56 23.47 16.81 9.71 6.96 34.11 29.64 16.02 13.92 27.58 22.69 12.44 10.23 5.52 2.51 2.52 1.14 30.96 27.43 14.55 12.89 30.65 26.13 14.35 12.23 2.15 0.39 1.73 2.34 0.47 1.73 2.05 0.37 1.61 2.05 0.35 1.65 2.14 0.40 1.53 1.44 0.23 1.74 1.42 0.24 1.79 1.38 0.24 1.84 1.40 0.25 1.79 1.39 0.25 1.72 2.17 0.45 1.54 2.21 0.51 1.41 2.17 0.48 1.39 2.16 0.48 1.50 2.13 0.41 1.48 39 U.S. Census Bureau TABLE 10.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 34 AND 35 Fabricated Metal Products1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Prior 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 5,415 443 5,858 1,723 7,581 26,125 21,861 7,027 62,594 72,095 1,577 37,481 36,191 42,464 141,248 6,183 549 6,733 2,031 8,764 27,463 21,502 6,878 64,606 73,697 1,621 38,679 36,638 45,374 146,619 5,299 558 5,857 1,856 7,714 25,565 21,851 7,512 62,641 75,927 1,637 39,826 37,738 46,244 146,623 4,999 571 5,571 1,530 7,100 28,175 23,328 7,406 66,010 77,506 1,632 40,555 38,584 46,354 150,947 5,029 863 5,892 1,584 7,476 28,526 22,908 7,172 66,082 79,661 1,793 42,574 38,881 46,614 151,578 4,740 4,194 12,595 649 1,818 908 11,963 36,867 18,350 16,237 10,987 82,441 15,950 42,857 58,807 141,248 4,055 3,001 12,459 906 1,623 939 12,146 35,129 22,006 18,396 9,983 85,514 16,281 44,823 61,105 146,619 4,409 2,429 12,465 767 2,288 1,139 12,748 36,244 21,237 18,649 10,211 86,341 16,902 43,379 60,281 146,623 5,206 2,966 13,878 1,004 2,756 910 12,049 38,768 21,842 18,022 10,297 88,929 17,870 44,148 62,018 150,947 5,584 2,796 13,414 942 3,219 1,055 12,102 39,112 22,298 18,565 10,134 90,109 17,579 43,890 61,468 151,578 25,726 29,477 26,397 27,242 26,971 (percent of total assets) 5.4 18.5 15.5 44.3 25.6 8.3 26.1 24.5 58.4 41.6 6.0 18.7 14.7 44.1 25.0 6.6 24.0 27.6 58.3 41.7 5.3 17.4 14.9 42.7 25.7 7.0 24.7 27.2 58.9 41.1 4.7 18.7 15.5 43.7 25.6 7.8 25.7 26.4 58.9 41.1 4.9 18.8 15.1 43.6 25.7 8.3 25.8 27.0 59.4 40.6 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 40 U.S. Census Bureau Fabricated Metal Products Assets Under $25 Million 2Q 1999 3Q 1999 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Machinery, Except Electrical1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Machinery, Except Electrical Assets Under $25 Million 3Q 1999 4Q 19992 1Q 20002 2Q 2000 (million dollars) 3,135 354 3,490 624 4,113 9,959 7,194 1,222 22,489 26,625 541 16,423 10,743 1,850 35,081 3,487 467 3,954 678 4,632 10,249 7,112 1,000 22,993 27,580 532 17,056 11,055 2,307 36,355 2,920 406 3,326 600 3,926 9,648 7,228 1,063 21,865 28,997 491 17,559 11,928 2,805 36,598 3,035 430 3,465 617 4,082 10,734 7,723 1,089 23,628 28,730 501 17,446 11,785 2,227 37,640 2,922 697 3,619 750 4,369 10,604 7,372 966 23,311 29,110 630 17,907 11,834 2,146 37,290 13,640 1,573 15,213 13,622 28,835 72,445 51,601 25,308 178,189 164,960 4,132 92,567 76,526 167,673 422,388 (million dollars) 15,447 1,358 16,805 13,812 30,617 71,756 52,417 24,895 179,684 166,012 4,002 93,021 76,993 179,655 436,333 14,730 2,434 17,164 13,809 30,973 69,997 50,463 26,846 178,279 163,481 4,089 91,325 76,246 188,504 443,028 15,836 2,487 18,323 14,500 32,823 70,629 51,939 27,473 182,864 164,882 4,082 91,913 77,051 196,864 456,779 19,124 1,847 20,971 13,189 34,160 73,336 52,270 27,808 187,575 165,516 4,029 91,735 77,811 205,241 470,627 4,294 412 4,706 993 5,699 10,439 10,095 1,517 27,749 31,285 580 20,044 11,821 2,268 41,838 (million dollars) 4,376 683 5,058 1,404 6,462 10,246 10,009 1,408 28,125 31,254 480 20,484 11,250 2,237 41,612 4,277 648 4,925 1,200 6,125 10,391 9,669 1,350 27,535 31,790 556 20,624 11,722 2,176 41,432 4,176 901 5,077 1,012 6,089 10,720 9,307 1,292 27,408 32,980 522 21,327 12,175 2,284 41,867 3,678 673 4,351 1,005 5,356 10,554 10,358 1,360 27,628 33,047 505 21,200 12,352 2,488 42,469 2,088 489 4,516 158 773 285 2,164 10,473 4,049 2,507 447 17,476 1,711 15,895 17,606 35,081 1,616 317 4,581 180 875 333 1,936 9,838 4,791 2,684 688 18,001 2,029 16,326 18,354 36,355 2,036 286 4,684 149 981 353 2,185 10,674 4,888 2,496 735 18,794 2,287 15,517 17,804 36,598 2,304 297 5,157 156 1,126 262 2,250 11,552 4,756 2,403 590 19,301 2,602 15,736 18,339 37,640 2,620 214 4,537 193 848 347 2,151 10,910 4,943 2,895 418 19,167 2,192 15,931 18,123 37,290 8,825 8,629 38,285 6,829 2,751 5,759 52,471 123,549 23,909 50,312 50,666 248,435 78,394 95,559 173,953 422,388 8,801 6,857 41,906 7,418 2,959 6,047 52,928 126,916 24,089 51,852 53,397 256,254 81,189 98,890 180,079 436,333 8,617 7,262 43,540 7,831 2,667 5,544 53,503 128,963 23,763 51,137 56,992 260,854 81,802 100,371 182,173 443,028 11,435 9,670 42,299 7,564 2,625 5,842 51,383 130,819 24,784 52,243 57,902 265,748 86,893 104,138 191,032 456,779 11,976 13,299 43,410 7,666 3,238 3,814 51,615 135,019 24,574 56,043 60,195 275,831 87,636 107,160 194,796 470,627 2,132 475 4,786 161 1,118 474 3,620 12,766 4,477 4,038 915 22,196 4,671 14,971 19,642 41,838 2,319 459 4,891 228 1,069 426 3,347 12,739 4,434 4,598 1,072 22,842 5,218 13,552 18,770 41,612 2,270 697 4,856 183 1,064 501 3,132 12,703 4,873 4,226 698 22,500 5,162 13,770 18,932 41,432 2,072 727 5,067 170 1,050 537 3,051 12,674 4,664 4,034 815 22,188 4,968 14,711 19,679 41,867 2,167 677 4,971 279 1,083 572 3,216 12,966 5,006 3,910 707 22,590 4,862 15,016 19,879 42,469 12,015 13,155 11,191 12,076 12,401 54,640 52,768 49,316 52,045 52,556 14,983 15,386 14,832 14,734 14,662 (percent of total assets) (percent of total assets) (percent of total assets) 11.7 28.4 20.5 64.1 30.6 10.4 29.9 18.7 49.8 50.2 12.7 28.2 19.6 63.2 30.4 8.6 27.1 20.6 49.5 50.5 10.7 26.4 19.7 59.7 32.6 10.0 29.2 20.2 51.4 48.6 10.8 28.5 20.5 62.8 31.3 10.6 30.7 19.0 51.3 48.7 11.7 28.4 19.8 62.5 31.7 10.8 29.3 21.0 51.4 48.6 6.8 17.2 12.2 42.2 18.1 6.1 29.3 17.6 58.8 41.2 7.0 16.4 12.0 41.2 17.6 5.7 29.1 17.4 58.7 41.3 7.0 15.8 11.4 40.2 17.2 5.4 29.1 16.9 58.9 41.1 7.2 15.5 11.4 40.0 16.9 6.5 28.6 16.9 58.2 41.8 7.3 15.6 11.1 39.9 16.5 6.9 28.7 17.1 58.6 41.4 13.6 25.0 24.1 66.3 28.3 10.0 30.5 20.4 53.1 46.9 15.5 24.6 24.1 67.6 27.0 10.3 30.6 21.7 54.9 45.1 14.8 25.1 23.3 66.5 28.3 10.9 30.7 22.0 54.3 45.7 14.5 25.6 22.2 65.5 29.1 10.5 30.3 20.8 53.0 47.0 12.6 24.9 24.4 65.1 29.1 10.6 30.5 21.0 53.2 46.8 41 U.S. Census Bureau TABLE 11.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 36 AND 37 Electrical and Electronic Equipment1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 3.9 87.4 8.7 1.9 2.8 9.6 3.0 6.7 100.0 3.9 87.7 8.4 1.8 4.1 10.7 3.4 7.3 (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 Prior 2 4Q 1999 1Q 2000 2Q 2000 119,556 4,656 104,466 10,434 2,255 3,330 11,510 3,546 7,964 2,242 5,722 144,495 (982) 149,234 119,678 4,664 104,938 10,076 2,132 4,879 12,822 4,124 8,699 2,436 6,262 147,183 (677) 152,768 128,166 4,626 112,892 10,648 2,169 8,246 16,725 5,128 11,597 3,218 8,379 153,415 1,324 163,118 127,281 4,578 112,332 10,371 2,488 9,554 17,437 5,700 11,737 3,128 8,609 161,814 (830) 169,593 133,980 4,644 116,974 12,362 2,375 6,700 16,687 5,958 10,729 2,991 7,739 168,447 (445) 175,741 (percent of net sales) 100.0 3.6 88.1 8.3 1.7 6.4 13.0 4.0 9.0 100.0 3.6 88.3 8.1 2.0 7.5 13.7 4.5 9.2 100.0 3.5 87.3 9.2 1.8 5.0 12.5 4.4 8.0 17.93 12.40 8.89 6.15 19.23 13.05 9.62 6.52 23.15 16.05 11.91 8.26 21.64 14.57 11.47 7.72 18.56 11.94 10.21 6.56 1.51 0.29 2.25 1.49 0.31 2.38 1.54 0.35 2.54 1.66 0.41 2.72 1.68 0.43 2.90 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 42 U.S. Census Bureau Electrical and Electronic Equipment Assets Under $25 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Transportation Equipment1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Transportation Equipment Assets Under $25 Million1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 9,734 207 8,966 561 114 39 486 43 443 365 78 3,572 11 3,662 9,193 226 8,347 620 126 (14) 480 126 354 222 133 3,208 (97) 3,243 9,539 215 8,472 852 118 6 740 115 625 265 360 3,372 34 3,766 9,427 194 8,436 797 111 20 706 138 568 88 480 3,671 (1) 4,150 10,135 205 8,967 964 110 5 859 76 783 571 212 3,699 (214) 3,697 171,105 5,298 154,046 11,761 2,440 6,252 15,573 4,229 11,345 2,368 8,976 107,847 (5,041) 111,782 (million dollars) 161,204 4,999 147,780 8,425 2,652 4,201 9,974 2,925 7,049 2,267 4,782 111,031 (368) 115,445 177,608 5,089 162,992 9,527 2,537 4,299 11,289 3,355 7,934 2,671 5,263 119,839 1,837 126,939 173,950 5,265 157,804 10,881 2,747 6,068 14,202 4,020 10,182 1,879 8,303 126,111 (1,820) 132,594 178,544 4,905 162,666 10,974 2,568 5,226 13,632 3,641 9,991 1,424 8,567 132,188 (4,606) 136,149 5,487 89 4,750 648 71 28 605 79 526 296 230 2,363 31 2,625 (million dollars) 5,580 96 4,990 494 97 14 411 49 361 95 266 2,867 (21) 3,111 5,851 106 5,525 220 63 80 237 41 197 195 2 3,416 19 3,437 5,503 102 4,971 430 68 59 421 55 366 166 200 3,301 (6) 3,496 5,926 99 5,299 528 67 12 473 56 418 307 111 3,577 (9) 3,679 (percent of net sales) 100.0 2.1 92.1 5.8 1.2 0.4 5.0 0.4 4.6 100.0 2.5 90.8 6.7 1.4 (0.2) 5.2 1.4 3.9 (percent) 100.0 2.3 88.8 8.9 1.2 0.1 7.8 1.2 6.5 100.0 2.1 89.5 8.5 1.2 0.2 7.5 1.5 6.0 100.0 2.0 88.5 9.5 1.1 0.1 8.5 0.8 7.7 100.0 3.1 90.0 6.9 1.4 3.7 9.1 2.5 6.6 (percent of net sales) 100.0 3.1 91.7 5.2 1.6 2.6 6.2 1.8 4.4 (percent) 100.0 2.9 91.8 5.4 1.4 2.4 6.4 1.9 4.5 100.0 3.0 90.7 6.3 1.6 3.5 8.2 2.3 5.9 100.0 2.7 91.1 6.1 1.4 2.9 7.6 2.0 5.6 100.0 1.6 86.6 11.8 1.3 0.5 11.0 1.4 9.6 (percent of net sales) 100.0 1.7 89.4 8.9 1.7 0.2 7.4 0.9 6.5 (percent) 100.0 1.8 94.4 3.8 1.1 1.4 4.1 0.7 3.4 100.0 1.9 90.3 7.8 1.2 1.1 7.7 1.0 6.6 100.0 1.7 89.4 8.9 1.1 0.2 8.0 0.9 7.1 24.22 22.06 10.49 9.55 24.84 18.33 10.59 7.81 38.81 32.78 15.91 13.43 36.74 29.57 15.42 12.41 42.64 38.87 18.83 17.16 38.48 28.03 10.16 7.40 24.24 17.13 6.30 4.45 25.66 18.03 6.98 4.91 31.48 22.57 8.62 6.18 29.71 21.77 8.31 6.09 67.76 58.96 27.51 23.94 41.25 36.29 16.55 14.57 21.47 17.80 9.81 8.14 43.69 37.97 16.90 14.69 46.59 41.11 19.02 16.78 1.92 0.31 1.41 1.95 0.31 1.27 1.88 0.28 1.31 1.93 0.29 1.37 1.96 0.33 1.53 0.99 0.19 1.33 1.02 0.21 1.27 0.98 0.20 1.29 1.00 0.17 1.22 1.02 0.19 1.23 1.89 0.32 1.15 1.84 0.36 1.18 2.17 0.45 1.40 1.93 0.38 1.08 2.01 0.33 1.17 43 U.S. Census Bureau TABLE 11.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 36 AND 37 Electrical and Electronic Equipment1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Prior 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 18,089 8,252 26,341 13,566 39,906 74,183 62,753 27,040 203,882 193,687 4,201 105,346 92,542 221,439 517,863 19,358 8,497 27,855 15,921 43,776 74,445 61,654 27,157 207,031 193,039 3,970 104,641 92,368 234,019 533,418 20,887 8,730 29,617 19,825 49,442 76,173 62,857 29,741 218,213 197,502 3,993 107,245 94,250 249,246 561,710 29,321 8,715 38,036 22,345 60,381 81,346 65,106 34,277 241,111 199,214 4,113 108,417 94,910 272,089 608,110 32,878 8,031 40,909 24,387 65,296 84,553 67,565 35,591 253,005 201,613 4,147 110,117 95,644 305,427 654,075 6,521 20,270 34,571 6,669 1,929 2,059 63,391 135,408 25,466 58,057 42,098 261,028 107,601 149,234 256,835 517,863 6,907 17,150 34,623 8,162 1,980 2,221 68,134 139,176 24,787 59,052 43,731 266,747 113,903 152,768 266,671 533,418 7,469 15,776 34,672 7,937 2,787 3,396 69,432 141,469 27,075 57,117 47,036 272,697 125,895 163,118 289,012 561,710 6,605 15,984 37,188 8,760 2,105 5,077 69,956 145,675 26,002 62,702 51,484 285,863 152,654 169,593 322,247 608,110 7,582 17,043 38,869 8,860 2,396 5,222 70,657 150,629 28,190 63,370 52,322 294,510 183,823 175,741 359,565 654,075 68,474 67,855 76,744 95,436 102,376 (percent of total assets) 7.7 14.3 12.1 39.4 17.9 5.9 26.1 16.1 50.4 49.6 8.2 14.0 11.6 38.8 17.3 5.3 26.1 15.7 50.0 50.0 8.8 13.6 11.2 38.8 16.8 5.2 25.2 15.0 48.5 51.5 9.9 13.4 10.7 39.6 15.6 4.9 24.0 14.6 47.0 53.0 10.0 12.9 10.3 38.7 14.6 4.9 23.0 14.0 45.0 55.0 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 44 U.S. Census Bureau Electrical and Electronic Equipment Assets Under $25 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Transportation Equipment1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 Transportation Equipment Assets Under $25 Million1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 1,581 92 1,673 451 2,124 5,330 5,319 592 13,365 9,403 127 5,519 4,011 1,171 18,546 1,572 62 1,634 347 1,981 4,928 4,893 520 12,322 9,520 204 5,447 4,278 1,536 18,136 1,387 87 1,475 523 1,998 5,169 5,478 597 13,242 9,253 182 5,354 4,081 1,276 18,599 1,491 135 1,625 370 1,996 5,624 5,134 679 13,432 8,522 161 5,031 3,652 1,230 18,315 1,724 115 1,840 436 2,275 5,718 5,003 524 13,519 9,022 150 5,427 3,745 978 18,242 9,382 3,609 12,991 28,835 41,826 57,695 85,938 36,602 222,061 245,539 4,219 128,605 121,153 269,990 613,204 (million dollars) 9,310 3,387 12,696 34,260 46,956 55,898 88,717 37,518 229,090 250,102 4,072 130,945 123,229 280,654 632,973 10,343 4,047 14,390 30,167 44,557 51,715 84,494 40,542 221,307 255,429 4,187 129,992 129,625 295,606 646,538 10,165 2,192 12,357 26,479 38,836 54,086 89,324 41,842 224,088 257,559 4,372 131,306 130,625 303,971 658,684 11,385 1,934 13,319 27,215 40,535 52,977 87,395 42,265 223,172 258,492 4,430 132,239 130,683 302,288 656,143 657 142 799 228 1,026 2,095 2,551 379 6,051 5,190 88 2,861 2,417 326 8,795 (million dollars) 907 214 1,121 266 1,387 2,177 2,995 498 7,057 5,637 133 3,333 2,436 431 9,924 874 131 1,005 375 1,381 2,083 2,809 346 6,618 5,644 159 3,160 2,643 408 9,670 844 105 949 451 1,400 2,214 2,851 568 7,033 5,615 138 3,131 2,622 310 9,965 885 35 920 217 1,137 2,292 2,910 511 6,850 5,406 138 3,126 2,417 691 9,958 1,617 202 2,896 (19) 350 285 1,622 6,953 1,776 1,448 337 10,513 4,371 3,662 8,033 18,546 1,550 286 2,406 70 348 217 1,449 6,326 1,939 1,728 410 10,404 4,488 3,243 7,732 18,136 1,444 372 2,690 68 413 154 1,909 7,050 1,573 1,864 490 10,977 3,857 3,766 7,623 18,599 1,420 294 2,674 89 382 254 1,836 6,948 1,185 2,062 433 10,629 3,536 4,150 7,686 18,315 1,385 184 2,752 120 543 249 1,660 6,893 1,533 1,383 377 10,186 4,359 3,697 8,056 18,242 5,796 24,718 61,539 7,454 1,880 2,021 120,072 223,481 27,806 59,516 140,507 451,309 50,113 111,782 161,895 613,204 5,078 22,495 65,094 6,890 1,986 2,135 121,923 225,600 32,522 65,436 144,824 468,383 49,146 115,445 164,590 632,973 5,518 24,300 66,199 7,646 2,636 2,301 118,344 226,944 32,035 70,060 141,497 470,536 49,064 126,939 176,003 646,538 7,101 24,747 67,058 8,423 2,674 2,218 110,949 223,170 39,286 72,122 143,620 478,198 47,891 132,594 180,486 658,684 6,154 23,935 66,632 8,255 2,619 3,133 107,278 218,005 41,579 71,221 141,804 472,608 47,386 136,149 183,534 656,143 774 310 1,201 32 152 126 605 3,201 686 1,058 280 5,224 946 2,625 3,571 8,795 883 364 1,490 30 192 109 757 3,826 850 990 275 5,941 872 3,111 3,983 9,924 523 194 1,161 37 219 119 799 3,053 1,179 930 88 5,250 983 3,437 4,420 9,670 822 65 1,381 60 370 113 826 3,638 1,092 1,100 280 6,110 360 3,496 3,855 9,965 667 87 1,234 41 413 93 867 3,401 1,140 1,084 267 5,893 386 3,679 4,065 9,958 6,412 5,996 6,192 6,484 6,626 (1,421) 3,489 (5,637) 918 5,168 2,851 3,231 3,565 3,395 3,448 (percent of total assets) (percent of total assets) (percent of total assets) 11.5 28.7 28.7 72.1 21.6 13.2 37.5 17.4 56.7 43.3 10.9 27.2 27.0 67.9 23.6 13.2 34.9 20.2 57.4 42.6 10.7 27.8 29.5 71.2 21.9 12.8 37.9 18.5 59.0 41.0 10.9 30.7 28.0 73.3 19.9 12.8 37.9 17.7 58.0 42.0 12.5 31.3 27.4 74.1 20.5 12.9 37.8 16.0 55.8 44.2 6.8 9.4 14.0 36.2 19.8 5.6 36.4 14.2 73.6 26.4 7.4 8.8 14.0 36.2 19.5 5.0 35.6 15.5 74.0 26.0 6.9 8.0 13.1 34.2 20.0 5.4 35.1 15.8 72.8 27.2 5.9 8.2 13.6 34.0 19.8 5.6 33.9 16.9 72.6 27.4 6.2 8.1 13.3 34.0 19.9 5.5 33.2 17.2 72.0 28.0 11.7 23.8 29.0 68.8 27.5 15.5 36.4 19.8 59.4 40.6 14.0 21.9 30.2 71.1 24.5 15.6 38.6 18.5 59.9 40.1 14.3 21.5 29.0 68.4 27.3 10.9 31.6 21.8 54.3 45.7 14.0 22.2 28.6 70.6 26.3 13.7 36.5 22.0 61.3 38.7 11.4 23.0 29.2 68.8 24.3 12.7 34.2 22.3 59.2 40.8 45 U.S. Census Bureau TABLE 12.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC INDUSTRY GROUPS 371 AND 372, 6 Motor Vehicles and Equipment1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 1.4 3.7 8.6 2.5 6.1 100.0 3.4 92.9 3.7 1.6 3.8 5.9 1.6 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 Included 2 2 4Q 1999 1Q 2000 2Q 2000 120,880 3,914 109,376 7,590 1,670 4,469 10,389 3,045 7,343 1,360 5,983 62,025 (4,994) 63,014 113,402 3,827 105,366 4,208 1,801 4,267 6,675 1,801 4,873 1,682 3,192 62,342 (236) 65,297 123,769 3,691 114,976 5,102 1,580 4,805 8,327 2,502 5,825 1,717 4,108 64,645 1,852 70,605 126,558 3,938 115,957 6,662 1,740 5,182 10,104 2,782 7,322 1,182 6,140 70,487 (1,302) 75,325 125,499 3,639 115,694 6,165 1,574 4,655 9,246 2,421 6,825 426 6,399 75,820 (4,558) 77,661 (percent of net sales) 100.0 3.0 92.9 4.1 1.3 3.9 6.7 2.0 4.7 100.0 3.1 91.6 5.3 1.4 4.1 8.0 2.2 5.8 100.0 2.9 92.2 4.9 1.3 3.7 7.4 1.9 5.4 40.46 28.60 10.05 7.11 25.38 18.53 6.30 4.60 29.55 20.67 7.69 5.38 34.54 25.03 9.13 6.62 31.00 22.89 8.35 6.17 0.86 0.25 1.27 0.93 0.29 1.24 0.85 0.25 1.28 0.88 0.23 1.20 0.89 0.23 1.21 in Transportation Equipment. Prior quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 46 U.S. Census Bureau Motor Vehicles and Equipment Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 Aircraft, Guided Missiles, and Parts1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2 Aircraft, Guided Missiles, and Parts Assets Under $25 Million1 2 2Q 2000 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 2,454 45 2,165 243 29 20 235 42 193 134 59 1,108 22 1,189 2,415 42 2,269 104 28 8 84 14 70 39 31 1,041 19 1,091 2,596 38 2,462 96 27 19 88 18 69 74 (5) 1,297 16 1,308 2,180 37 1,990 152 27 9 134 29 106 20 85 1,095 (5) 1,176 2,594 41 2,371 182 27 6 161 35 126 121 5 1,504 (31) 1,478 39,864 1,164 35,609 3,091 607 1,512 3,997 869 3,128 775 2,353 36,388 (95) 38,647 (million dollars) 36,849 937 32,790 3,122 678 9 2,453 839 1,614 449 1,165 38,305 (33) 39,437 41,828 1,127 37,312 3,389 755 (239) 2,395 702 1,693 801 892 43,619 101 44,612 35,194 1,063 31,091 3,041 784 770 3,026 906 2,120 487 1,634 44,871 (452) 46,052 40,544 999 36,137 3,408 759 711 3,360 927 2,433 836 1,597 45,279 (46) 46,829 876 12 705 159 17 (13) 130 22 108 59 49 (19) (5) 25 (million dollars) 877 17 675 184 43 (1) 140 22 119 22 97 100 (25) 171 878 23 746 109 19 56 146 14 131 69 62 160 11 233 1,023 31 870 122 18 24 127 22 105 37 68 694 (10) 752 809 26 692 91 18 1 73 12 62 134 (72) 850 10 788 (percent of net sales) 100.0 1.8 88.2 9.9 1.2 0.8 9.6 1.7 7.9 100.0 1.8 93.9 4.3 1.2 0.3 3.5 0.6 2.9 (percent) 100.0 1.5 94.8 3.7 1.0 0.7 3.4 0.7 2.7 100.0 1.7 91.3 7.0 1.3 0.4 6.2 1.3 4.8 100.0 1.6 91.4 7.0 1.1 0.2 6.2 1.4 4.8 100.0 2.9 89.3 7.8 1.5 3.8 10.0 2.2 7.8 (percent of net sales) 100.0 2.5 89.0 8.5 1.8 0.0 6.7 2.3 4.4 (percent) 100.0 2.7 89.2 8.1 1.8 (0.6) 5.7 1.7 4.0 100.0 3.0 88.3 8.6 2.2 2.2 8.6 2.6 6.0 100.0 2.5 89.1 8.4 1.9 1.8 8.3 2.3 6.0 100.0 1.4 80.5 18.2 1.9 (1.5) 14.8 2.5 12.3 (percent of net sales) 100.0 2.0 77.0 21.0 4.9 (0.1) 16.0 2.5 13.5 (percent) 100.0 2.7 85.0 12.4 2.2 6.4 16.6 1.7 15.0 100.0 3.1 85.0 11.9 1.8 2.3 12.4 2.2 10.2 100.0 3.2 85.6 11.2 2.2 0.1 9.1 1.5 7.6 67.61 55.55 25.29 20.78 25.21 21.04 8.32 6.94 21.52 17.01 8.88 7.02 37.74 29.61 14.19 11.13 40.12 31.31 15.81 12.34 34.03 26.63 9.95 7.79 21.03 13.84 5.90 3.88 19.27 13.62 5.66 4.00 24.01 16.82 7.14 5.00 26.47 19.16 8.07 5.84 78.97 65.82 27.64 23.03 70.07 59.24 28.87 24.41 71.79 64.66 28.41 25.59 57.12 47.03 22.76 18.74 31.62 26.50 13.71 11.49 1.75 0.21 1.07 1.54 0.19 0.89 1.89 0.31 1.27 1.79 0.25 1.02 1.80 0.24 1.16 1.22 0.07 1.40 1.13 0.07 1.27 1.19 0.10 1.27 1.20 0.08 1.24 1.26 0.13 1.26 1.94 0.31 0.84 2.30 0.48 1.03 2.23 0.44 0.90 2.10 0.51 0.86 2.31 0.37 1.00 47 U.S. Census Bureau TABLE 12.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC INDUSTRY GROUPS 371 AND 372, 6 Motor Vehicles and Equipment1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Included 2 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 7,183 3,118 10,301 25,468 35,769 33,400 26,119 27,133 122,421 170,973 2,095 86,008 87,060 203,925 413,405 7,003 2,387 9,390 31,128 40,518 32,301 27,525 27,960 128,304 174,613 2,108 88,179 88,542 206,797 423,644 7,336 2,902 10,238 26,252 36,490 28,425 26,408 30,334 121,657 175,775 2,129 85,186 92,718 218,628 433,003 7,204 1,925 9,129 23,164 32,293 30,025 28,483 31,096 121,897 177,745 2,262 86,374 93,633 226,927 442,458 7,181 1,783 8,964 22,206 31,169 30,133 28,650 30,956 120,909 179,833 2,330 87,461 94,701 227,172 442,782 3,672 22,387 47,495 4,547 1,226 961 62,358 142,646 20,022 32,760 115,269 310,698 39,693 63,014 102,708 413,405 3,140 18,002 50,560 4,365 1,227 785 60,158 138,239 25,132 36,436 118,658 318,464 39,882 65,297 105,179 423,644 3,777 20,070 51,560 5,571 1,705 1,078 60,193 143,953 23,719 38,035 114,557 320,264 42,133 70,605 112,739 433,003 4,671 20,466 52,545 5,883 1,686 815 52,401 138,466 31,351 38,141 117,502 325,461 41,672 75,325 116,997 442,458 4,118 20,206 51,648 5,602 1,571 821 51,892 135,859 33,711 38,029 115,898 323,496 41,625 77,661 119,286 442,782 (20,226) (9,935) (22,296) (16,569) (14,949) (percent of total assets) 8.7 8.1 6.3 29.6 21.1 6.8 34.5 12.8 75.2 24.8 9.6 7.6 6.5 30.3 20.9 5.5 32.6 14.5 75.2 24.8 8.4 6.6 6.1 28.1 21.4 6.2 33.2 14.3 74.0 26.0 7.3 6.8 6.4 27.6 21.2 6.2 31.3 15.7 73.6 26.4 7.0 6.8 6.5 27.3 21.4 6.0 30.7 16.2 73.1 26.9 in Transportation Equipment. Prior quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 48 U.S. Census Bureau Motor Vehicles and Equipment Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 Aircraft, Guided Missiles, and Parts1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2 Aircraft, Guided Missiles, and Parts Assets Under $25 Million1 2 2Q 2000 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 247 14 260 50 310 983 1,181 80 2,553 2,156 38 1,153 1,041 120 3,714 260 32 293 61 354 961 1,472 107 2,894 2,265 51 1,286 1,029 131 4,054 364 32 396 51 447 927 1,246 92 2,713 2,134 38 1,135 1,037 198 3,947 304 51 355 36 391 1,023 1,319 89 2,821 1,991 34 1,128 898 71 3,791 339 27 366 36 402 1,076 1,367 144 2,989 2,110 50 1,248 913 174 4,076 1,075 349 1,424 2,746 4,170 19,560 44,569 7,643 75,942 59,812 1,691 34,864 26,639 58,105 160,686 (million dollars) 1,329 813 2,141 2,517 4,658 18,376 44,126 7,638 74,799 59,863 1,616 34,553 26,925 64,599 166,324 1,862 1,031 2,893 3,159 6,053 18,063 41,191 8,318 73,625 63,567 1,535 36,510 28,592 67,132 169,349 1,939 192 2,131 2,563 4,693 18,220 43,220 8,318 74,452 63,309 1,571 36,633 28,248 66,857 169,557 2,862 122 2,984 4,493 7,478 17,487 40,976 9,234 75,175 61,735 1,534 36,404 26,866 64,548 166,588 146 19 165 37 202 479 538 37 1,256 1,151 19 632 538 82 1,876 (million dollars) 226 14 239 30 270 444 519 61 1,294 1,187 29 683 533 119 1,946 158 0 158 81 239 396 553 32 1,219 1,454 17 730 741 93 2,054 157 0 157 151 308 387 523 43 1,261 1,658 19 786 891 86 2,238 118 0 118 95 213 481 530 102 1,326 1,415 29 846 597 221 2,144 390 23 620 13 75 46 289 1,456 221 540 109 2,325 200 1,189 1,389 3,714 476 152 822 1 93 25 304 1,874 260 489 93 2,716 247 1,091 1,338 4,054 291 36 700 16 101 14 278 1,436 407 437 39 2,318 321 1,308 1,629 3,947 424 49 668 11 160 27 234 1,573 240 501 51 2,365 250 1,176 1,425 3,791 419 18 681 31 171 26 314 1,660 335 413 62 2,470 128 1,478 1,606 4,076 1,271 1,819 10,826 2,726 556 900 44,140 62,238 5,291 23,631 22,542 113,702 8,337 38,647 46,984 160,686 1,341 2,904 10,765 2,392 673 1,165 46,805 66,044 4,860 25,690 23,074 119,668 7,219 39,437 46,656 166,324 1,081 2,927 10,999 1,986 737 1,053 43,198 61,981 5,487 27,982 24,172 119,621 5,116 44,612 49,728 169,349 1,680 2,705 10,507 2,318 828 1,214 42,583 61,834 4,469 29,857 22,984 119,144 4,361 46,052 50,414 169,557 1,624 2,445 11,045 2,443 880 2,132 39,220 59,789 4,309 29,028 22,683 115,809 3,950 46,829 50,779 166,588 109 46 228 9 35 63 158 649 295 233 42 1,220 631 25 657 1,876 74 39 130 16 60 69 176 563 313 224 43 1,144 630 171 802 1,946 23 37 153 9 59 103 163 546 509 170 15 1,241 580 233 813 2,054 127 1 163 20 103 62 124 599 458 282 8 1,346 140 752 892 2,238 109 15 155 4 124 50 119 575 381 254 5 1,215 141 788 929 2,144 1,097 1,020 1,277 1,249 1,330 13,704 8,755 11,644 12,618 15,386 607 730 673 661 751 (percent of total assets) (percent of total assets) (percent of total assets) 8.4 26.5 31.8 68.7 28.0 14.4 39.2 20.5 62.6 37.4 8.7 23.7 36.3 71.4 25.4 18.4 46.2 18.5 67.0 33.0 11.3 23.5 31.6 68.7 26.3 11.2 36.4 21.4 58.7 41.3 10.3 27.0 34.8 74.4 23.7 17.4 41.5 19.5 62.4 37.6 9.9 26.4 33.5 73.3 22.4 15.6 40.7 18.4 60.6 39.4 2.6 12.2 27.7 47.3 16.6 2.8 38.7 18.0 70.8 29.2 2.8 11.0 26.5 45.0 16.2 3.7 39.7 18.4 71.9 28.1 3.6 10.7 24.3 43.5 16.9 3.4 36.6 19.8 70.6 29.4 2.8 10.7 25.5 43.9 16.7 3.8 36.5 20.2 70.3 29.7 4.5 10.5 24.6 45.1 16.1 4.3 35.9 20.0 69.5 30.5 10.8 25.5 28.7 66.9 28.7 13.5 34.6 28.1 65.0 35.0 13.9 22.8 26.6 66.5 27.4 12.4 29.0 27.6 58.8 41.2 11.6 19.3 26.9 59.4 36.1 10.8 26.6 33.1 60.4 39.6 13.8 17.3 23.4 56.3 39.8 13.1 26.8 33.1 60.2 39.8 9.9 22.5 24.7 61.8 27.9 13.9 26.8 29.6 56.7 43.3 49 U.S. Census Bureau TABLE 13.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUP 38 AND OTHER DURABLE MANUFACTURING INDUSTRIES Instruments and Related Products1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 4.2 84.3 11.5 3.1 4.0 12.4 3.2 9.2 100.0 4.4 84.2 11.4 3.2 4.7 12.9 3.8 9.1 (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 Prior 2 4Q 1999 1Q 2000 2Q 2000 30,257 1,275 25,509 3,473 928 1,204 3,748 969 2,779 1,120 1,659 39,356 (495) 40,520 30,041 1,331 25,297 3,413 951 1,404 3,866 1,127 2,739 1,238 1,501 42,033 (648) 42,886 30,890 1,267 26,529 3,093 927 2,699 4,865 1,144 3,721 1,392 2,329 39,373 (381) 41,321 30,648 1,249 26,081 3,318 897 1,837 4,258 1,042 3,216 1,669 1,547 44,926 (982) 45,490 32,871 1,348 27,785 3,738 821 1,356 4,273 1,250 3,024 1,875 1,149 46,971 (271) 47,849 (percent of net sales) 100.0 4.1 85.9 10.0 3.0 8.7 15.7 3.7 12.0 100.0 4.1 85.1 10.8 2.9 6.0 13.9 3.4 10.5 100.0 4.1 84.5 11.4 2.5 4.1 13.0 3.8 9.2 22.59 16.75 9.40 6.97 23.04 16.32 9.66 6.84 28.44 21.75 12.28 9.40 22.66 17.11 10.44 7.89 22.08 15.62 10.32 7.30 1.49 0.21 1.35 1.51 0.23 1.37 1.49 0.24 1.45 1.59 0.30 1.69 1.60 0.29 1.74 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 50 U.S. Census Bureau Instruments and Related Products Assets Under $25 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 Other Durable Manufacturing Industries1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 Other Durable Manufacturing Industries Assets Under $25 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 (million dollars) 3,665 107 3,534 24 54 (11) (40) 42 (82) 49 (130) (4,417) (40) (4,587) 4,149 123 3,825 202 55 7 154 64 89 141 (52) (3,673) 11 (3,714) 4,366 117 4,138 110 56 (34) 20 42 (22) 121 (143) (3,246) (39) (3,428) 4,408 109 3,931 368 56 7 319 80 239 106 134 (2,086) (51) (2,004) 4,601 113 4,177 311 84 25 252 142 111 57 53 (1,864) (16) (1,827) 47,740 1,139 42,376 4,225 751 294 3,768 985 2,783 977 1,806 35,172 (459) 36,519 (million dollars) 45,904 1,093 41,206 3,605 863 129 2,871 773 2,098 525 1,573 34,522 (174) 35,921 45,362 1,094 41,700 2,568 832 472 2,208 622 1,586 701 885 34,616 (254) 35,246 43,784 1,081 39,596 3,107 803 209 2,513 680 1,833 783 1,050 35,089 (156) 35,983 45,409 1,158 40,931 3,320 849 112 2,583 802 1,781 885 896 34,756 (87) 35,565 19,655 404 17,527 1,724 255 (44) 1,425 187 1,238 628 610 10,596 (220) 10,986 (million dollars) 18,072 362 16,352 1,358 287 29 1,101 149 952 259 693 9,518 20 10,230 17,378 385 16,277 716 271 (1) 443 161 282 331 (49) 8,507 (181) 8,277 16,452 357 14,933 1,161 259 34 936 92 844 454 390 8,809 (28) 9,171 17,087 414 15,640 1,033 252 41 822 112 710 519 192 9,380 (84) 9,488 (percent of net sales) 100.0 2.9 96.4 0.7 1.5 (0.3) (1.1) 1.1 (2.2) 100.0 3.0 92.2 4.9 1.3 0.2 3.7 1.5 2.2 (percent) 100.0 2.7 94.8 2.5 1.3 (0.8) 0.5 1.0 (0.5) 100.0 2.5 89.2 8.3 1.3 0.2 7.2 1.8 5.4 100.0 2.4 90.8 6.8 1.8 0.6 5.5 3.1 2.4 100.0 2.4 88.8 8.9 1.6 0.6 7.9 2.1 5.8 (percent of net sales) 100.0 2.4 89.8 7.9 1.9 0.3 6.3 1.7 4.6 (percent) 100.0 2.4 91.9 5.7 1.8 1.0 4.9 1.4 3.5 100.0 2.5 90.4 7.1 1.8 0.5 5.7 1.6 4.2 100.0 2.6 90.1 7.3 1.9 0.2 5.7 1.8 3.9 100.0 2.1 89.2 8.8 1.3 (0.2) 7.3 1.0 6.3 (percent of net sales) 100.0 2.0 90.5 7.5 1.6 0.2 6.1 0.8 5.3 (percent) 100.0 2.2 93.7 4.1 1.6 0.0 2.5 0.9 1.6 100.0 2.2 90.8 7.1 1.6 0.2 5.7 0.6 5.1 100.0 2.4 91.5 6.0 1.5 0.2 4.8 0.7 4.2 (4.88) (9.99) (1.88) (3.85) 15.27 8.90 6.33 3.69 2.23 (2.51) 0.88 (0.99) 27.74 20.82 12.93 9.70 20.56 9.01 10.07 4.41 32.27 23.84 12.75 9.41 25.00 18.26 9.77 7.14 19.20 13.79 7.60 5.46 22.06 16.09 8.68 6.33 22.38 15.43 8.92 6.15 43.54 37.81 17.23 14.97 36.21 31.32 14.51 12.55 16.08 10.23 6.01 3.82 32.44 29.25 12.43 11.21 27.01 23.33 10.96 9.47 2.07 0.52 1.21 2.05 0.48 1.44 2.04 0.43 1.23 2.19 0.50 1.64 2.40 0.54 1.75 1.70 0.24 1.13 1.68 0.22 1.10 1.74 0.25 1.13 1.72 0.24 1.12 1.75 0.23 1.16 1.97 0.31 0.97 1.86 0.30 0.99 1.93 0.35 0.87 1.92 0.34 0.94 2.06 0.35 1.04 51 U.S. Census Bureau TABLE 13.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUP 38 AND OTHER DURABLE MANUFACTURING INDUSTRIES Instruments and Related Products1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Prior 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 4,178 683 4,861 3,272 8,134 21,498 17,705 10,468 57,804 58,422 2,098 31,702 28,819 72,853 159,476 4,319 995 5,313 3,624 8,937 22,014 17,804 10,449 59,204 57,936 2,097 31,702 28,331 72,610 160,145 4,207 846 5,053 4,003 9,056 21,412 16,904 9,617 56,989 57,083 1,954 30,714 28,324 73,104 158,417 5,338 1,072 6,409 5,124 11,533 22,346 18,079 10,339 62,297 57,221 1,843 32,092 26,972 73,858 163,128 5,860 1,153 7,013 4,750 11,763 23,687 18,758 10,618 64,827 57,389 1,837 32,300 26,926 73,857 165,609 3,219 3,975 7,968 2,443 3,928 643 16,515 38,691 24,627 12,691 17,095 93,104 25,851 40,520 66,372 159,476 3,160 3,831 8,123 2,498 4,224 480 16,771 39,088 23,739 13,432 16,753 93,012 24,247 42,886 67,133 160,145 2,599 3,090 8,028 2,378 4,412 625 17,115 38,247 24,279 12,091 15,373 89,990 27,107 41,321 68,427 158,417 2,133 4,109 9,039 2,931 4,129 762 15,979 39,082 21,681 11,580 15,612 87,954 29,683 45,490 75,174 163,128 2,080 4,455 9,170 2,941 4,051 880 16,928 40,505 21,668 11,419 14,594 88,186 29,575 47,849 77,423 165,609 19,114 20,116 18,743 23,215 24,322 (percent of total assets) 5.1 13.5 11.1 36.2 18.1 7.4 24.3 23.4 58.4 41.6 5.6 13.7 11.1 37.0 17.7 7.3 24.4 23.2 58.1 41.9 5.7 13.5 10.7 36.0 17.9 6.8 24.1 23.0 56.8 43.2 7.1 13.7 11.1 38.2 16.5 6.8 24.0 20.4 53.9 46.1 7.1 14.3 11.3 39.1 16.3 6.9 24.5 20.0 53.2 46.8 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 52 U.S. Census Bureau Instruments and Related Products Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 Other Durable Manufacturing Industries1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 Other Durable Manufacturing Industries Assets Under $25 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 (million dollars) 1,168 20 1,189 369 1,558 2,108 2,134 347 6,146 4,302 18 2,775 1,546 797 8,490 1,108 79 1,188 407 1,594 2,465 2,410 379 6,847 4,795 42 2,988 1,849 1,013 9,710 943 110 1,053 353 1,407 2,521 2,320 342 6,590 4,577 42 2,930 1,689 754 9,033 1,064 83 1,146 467 1,613 2,712 2,405 392 7,122 4,482 118 2,791 1,809 928 9,860 1,160 60 1,220 388 1,608 2,648 2,574 321 7,151 4,589 108 2,807 1,890 986 10,026 5,006 818 5,824 2,022 7,846 22,775 20,589 5,264 56,475 57,825 5,643 32,231 31,237 30,538 118,250 (million dollars) 4,807 692 5,499 1,839 7,339 22,716 20,242 5,050 55,346 56,846 5,413 31,932 30,327 31,913 117,586 4,952 1,040 5,992 1,832 7,824 21,255 19,748 4,848 53,675 56,953 5,497 31,349 31,101 31,479 116,256 4,566 1,012 5,578 1,839 7,417 21,272 19,948 5,053 53,691 56,354 5,480 31,134 30,700 31,455 115,845 4,225 824 5,049 1,857 6,906 21,366 20,216 4,991 53,479 57,147 5,400 31,989 30,558 31,789 115,826 2,474 400 2,874 494 3,368 7,862 8,996 1,223 21,449 22,589 1,009 13,785 9,814 1,811 33,074 (million dollars) 2,279 292 2,571 497 3,068 7,434 7,909 850 19,261 21,498 817 13,296 9,019 2,056 30,335 2,315 403 2,718 589 3,307 6,695 7,527 843 18,372 21,025 895 12,575 9,345 1,783 29,500 2,290 318 2,609 766 3,375 6,932 7,883 858 19,047 20,705 888 12,321 9,271 1,794 30,112 2,124 227 2,351 908 3,259 7,265 8,048 904 19,476 20,853 878 12,834 8,897 1,632 30,005 539 308 1,091 47 112 108 766 2,971 666 979 599 5,214 7,863 (4,587) 3,276 8,490 623 170 1,133 63 173 117 1,061 3,340 830 891 625 5,686 7,737 (3,714) 4,023 9,710 466 150 1,067 61 199 121 1,174 3,238 1,006 930 319 5,493 6,967 (3,428) 3,540 9,033 397 155 1,120 94 233 200 1,052 3,251 864 951 197 5,264 6,599 (2,004) 4,596 9,860 365 150 993 62 197 137 1,074 2,978 903 1,048 189 5,117 6,736 (1,827) 4,909 10,026 4,725 1,170 11,546 686 2,042 1,337 11,733 33,239 15,767 16,140 6,397 71,544 10,186 36,519 46,706 118,250 5,280 1,335 11,453 837 1,852 874 11,385 33,016 17,020 15,566 6,040 71,641 10,024 35,921 45,945 117,586 4,232 1,108 10,910 659 1,649 912 11,405 30,876 15,844 16,965 6,569 70,254 10,756 35,246 46,002 116,256 4,497 1,130 11,310 705 1,284 971 11,300 31,198 16,332 16,482 6,275 70,287 9,575 35,983 45,559 115,845 3,704 1,056 11,075 705 1,549 1,108 11,399 30,594 14,671 17,834 6,548 69,648 10,612 35,565 46,177 115,826 2,910 229 3,950 129 1,240 639 1,808 10,905 4,669 3,811 597 19,981 2,106 10,986 13,093 33,074 3,228 368 3,389 190 1,136 244 1,774 10,329 4,920 2,408 521 18,177 1,927 10,230 12,158 30,335 2,500 176 3,237 125 1,057 417 2,031 9,542 4,581 3,909 453 18,485 2,738 8,277 11,016 29,500 2,646 249 3,818 119 699 341 2,035 9,907 4,489 3,828 348 18,572 2,369 9,171 11,540 30,112 2,207 318 3,600 153 746 345 2,077 9,445 3,095 4,950 338 17,828 2,690 9,488 12,177 30,005 3,175 3,507 3,352 3,871 4,173 23,236 22,330 22,800 22,493 22,885 10,544 8,932 8,830 9,139 10,031 (percent of total assets) (percent of total assets) (percent of total assets) 18.3 24.8 25.1 72.4 18.2 12.6 35.0 19.4 61.4 38.6 16.4 25.4 24.8 70.5 19.0 11.2 34.4 17.7 58.6 41.4 15.6 27.9 25.7 73.0 18.7 10.4 35.8 21.4 60.8 39.2 16.4 27.5 24.4 72.2 18.3 10.0 33.0 18.4 53.4 46.6 16.0 26.4 25.7 71.3 18.9 8.5 29.7 19.5 51.0 49.0 6.6 19.3 17.4 47.8 26.4 7.8 28.1 27.0 60.5 39.5 6.2 19.3 17.2 47.1 25.8 7.9 28.1 27.7 60.9 39.1 6.7 18.3 17.0 46.2 26.8 6.8 26.6 28.2 60.4 39.6 6.4 18.4 17.2 46.3 26.5 6.8 26.9 28.3 60.7 39.3 6.0 18.4 17.5 46.2 26.4 6.4 26.4 28.1 60.1 39.9 10.2 23.8 27.2 64.9 29.7 15.2 33.0 25.6 60.4 39.6 10.1 24.5 26.1 63.5 29.7 16.4 34.0 24.2 59.9 40.1 11.2 22.7 25.5 62.3 31.7 14.1 32.3 28.8 62.7 37.3 11.2 23.0 26.2 63.3 30.8 13.1 32.9 27.6 61.7 38.3 10.9 24.2 26.8 64.9 29.7 12.1 31.5 26.8 59.4 40.6 53 U.S. Census Bureau TABLE 14.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 24 AND 25 Lumber and Wood Products1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 2.5 87.7 9.8 1.4 0.4 8.8 1.7 7.1 100.0 2.5 89.4 8.1 1.7 0.1 6.5 1.1 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 Included in Other Durable Manufacturing 2 Prior quarters’ data are revised to reflect 3 2 4Q 1999 1Q 2000 2Q 2000 19,527 482 17,134 1,911 274 75 1,712 328 1,383 445 939 13,324 (207) 14,056 19,241 485 17,192 1,564 334 12 1,242 215 1,027 278 748 13,207 (128) 13,827 17,881 475 16,343 1,063 261 72 874 282 592 303 289 14,951 (282) 14,959 16,950 450 15,554 945 271 92 766 156 610 314 296 14,853 (77) 15,071 17,915 530 16,206 1,179 264 40 956 145 811 542 269 14,688 (142) 14,815 (percent of net sales) 100.0 2.7 91.4 5.9 1.5 0.4 4.9 1.6 3.3 100.0 2.7 91.8 5.6 1.6 0.5 4.5 0.9 3.6 100.0 3.0 90.5 6.6 1.5 0.2 5.3 0.8 4.5 41.77 33.75 17.18 13.88 31.52 26.06 12.59 10.41 20.56 13.93 9.10 6.17 18.05 14.38 7.92 6.31 22.12 18.75 9.92 8.41 1.87 0.31 1.10 1.74 0.28 1.07 1.89 0.37 1.32 1.86 0.32 1.28 1.99 0.32 1.30 Industries. additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 54 U.S. Census Bureau Lumber and Wood Products Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 19993 1Q 20003 2Q 2000 2Q 1999 Furniture and Fixtures1 3Q 1999 4Q 1999 2 Furniture and Fixtures Assets Under $25 Million1 2Q 2000 2Q 1999 3Q 1999 4Q 1999 1Q 20003 2Q 2000 1Q 2000 (million dollars) 9,970 239 8,670 1,061 150 (2) 909 76 833 327 506 5,159 (188) 5,478 9,705 232 8,697 776 190 35 621 69 552 167 385 5,174 (18) 5,541 9,199 256 8,407 537 141 35 430 165 265 188 78 6,276 (175) 6,178 8,826 239 8,076 511 150 19 381 37 343 221 123 6,130 (24) 6,229 9,598 292 8,581 725 130 23 618 50 568 322 246 6,468 (97) 6,617 18,469 395 16,507 1,567 251 (25) 1,291 415 877 199 677 12,467 (240) 12,905 (million dollars) 17,572 367 15,803 1,402 272 (47) 1,084 474 610 114 496 11,689 82 12,267 17,511 362 16,068 1,081 329 429 1,182 327 854 285 569 10,200 (36) 10,733 17,680 383 16,084 1,213 321 (29) 863 309 554 249 305 10,966 (70) 11,201 18,638 386 16,822 1,430 360 72 1,141 444 697 167 530 10,938 98 11,566 5,219 75 4,795 348 49 (19) 281 43 238 93 145 3,049 16 3,210 (million dollars) 4,730 78 4,378 274 53 (10) 211 65 146 30 115 2,471 20 2,606 4,335 63 4,230 42 81 21 (19) 16 (35) 92 (127) 665 (5) 533 4,043 63 3,780 200 75 8 133 28 105 80 25 810 4 838 4,091 65 3,879 147 79 7 74 27 47 89 (41) 513 15 486 (percent of net sales) 100.0 2.4 87.0 10.6 1.5 0.0 9.1 0.8 8.4 100.0 2.4 89.6 8.0 2.0 0.4 6.4 0.7 5.7 (percent) 100.0 2.8 91.4 5.8 1.5 0.4 4.7 1.8 2.9 100.0 2.7 91.5 5.8 1.7 0.2 4.3 0.4 3.9 100.0 3.0 89.4 7.6 1.4 0.2 6.4 0.5 5.9 100.0 2.1 89.4 8.5 1.4 (0.1) 7.0 2.2 4.7 (percent of net sales) 100.0 2.1 89.9 8.0 1.5 (0.3) 6.2 2.7 3.5 (percent) 100.0 2.1 91.8 6.2 1.9 2.5 6.7 1.9 4.9 100.0 2.2 91.0 6.9 1.8 (0.2) 4.9 1.7 3.1 100.0 2.1 90.3 7.7 1.9 0.4 6.1 2.4 3.7 100.0 1.4 91.9 6.7 0.9 (0.4) 5.4 0.8 4.6 (percent of net sales) 100.0 1.6 92.6 5.8 1.1 (0.2) 4.5 1.4 3.1 (percent) 100.0 1.5 97.6 1.0 1.9 0.5 (0.4) 0.4 (0.8) 100.0 1.6 93.5 4.9 1.9 0.2 3.3 0.7 2.6 100.0 1.6 94.8 3.6 1.9 0.2 1.8 0.7 1.2 57.76 52.93 21.51 19.71 41.05 36.47 15.49 13.76 24.80 15.31 10.99 6.78 21.86 19.71 9.24 8.33 32.34 29.72 14.82 13.62 28.03 19.03 11.33 7.69 23.73 13.35 9.49 5.34 27.76 20.07 10.38 7.51 19.88 12.76 7.52 4.83 25.33 15.48 9.81 5.99 31.91 27.05 14.53 12.32 27.56 19.02 11.84 8.17 (5.96) (10.89) (1.15) (2.11) 35.74 28.09 7.99 6.28 25.06 15.94 4.76 3.03 2.00 0.34 0.78 1.83 0.34 0.81 2.08 0.44 1.08 1.93 0.37 1.02 2.19 0.37 1.19 1.58 0.16 1.27 1.60 0.17 1.19 1.62 0.18 1.03 1.58 0.19 1.08 1.61 0.16 1.14 2.11 0.36 1.51 1.89 0.32 1.26 1.84 0.35 0.37 1.79 0.39 0.47 1.74 0.32 0.37 55 U.S. Census Bureau TABLE 14.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUPS 24 AND 25 Lumber and Wood Products1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Included in Other Durable Manufacturing 2 Prior quarters’ data are revised to reflect 3 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 1,888 409 2,297 981 3,278 6,606 7,838 1,801 19,522 24,989 4,722 14,865 14,845 5,498 39,865 2,076 298 2,375 768 3,143 6,491 8,021 1,575 19,230 24,122 4,670 14,750 14,043 6,181 39,454 2,215 579 2,794 779 3,572 5,433 7,916 1,451 18,372 24,256 4,513 14,537 14,233 5,810 38,415 1,973 568 2,541 695 3,236 5,767 8,075 1,463 18,541 24,408 4,524 14,548 14,384 5,754 38,679 1,953 405 2,357 637 2,995 6,069 8,152 1,449 18,665 24,755 4,512 15,118 14,149 5,720 38,533 2,022 299 3,317 213 883 609 3,098 10,443 5,852 5,219 1,957 23,471 2,339 14,056 16,395 39,865 2,403 394 3,434 204 895 367 3,374 11,072 6,378 4,317 1,926 23,693 1,935 13,827 15,761 39,454 2,044 195 3,052 141 775 290 3,220 9,718 5,754 3,784 2,147 21,403 2,054 14,959 17,012 38,415 2,163 299 3,381 146 585 263 3,153 9,990 6,192 3,766 1,758 21,706 1,901 15,071 16,973 38,679 1,730 397 3,118 131 679 466 2,879 9,401 5,022 5,021 1,800 21,243 2,475 14,815 17,290 38,533 9,079 8,158 8,654 8,551 9,264 (percent of total assets) 8.2 16.6 19.7 49.0 37.2 9.6 26.2 27.8 58.9 41.1 8.0 16.5 20.3 48.7 35.6 10.3 28.1 27.1 60.1 39.9 9.3 14.1 20.6 47.8 37.1 8.6 25.3 24.8 55.7 44.3 8.4 14.9 20.9 47.9 37.2 8.6 25.8 25.7 56.1 43.9 7.8 15.8 21.2 48.4 36.7 8.5 24.4 26.1 55.1 44.9 Industries. additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 56 U.S. Census Bureau Lumber and Wood Products Assets Under $25 Million1 2Q 1999 3Q 1999 4Q 19993 1Q 20003 2Q 2000 2Q 1999 Furniture and Fixtures1 3Q 1999 4Q 1999 2 Furniture and Fixtures Assets Under $25 Million1 2Q 2000 2Q 1999 3Q 1999 4Q 1999 1Q 20003 2Q 2000 1Q 2000 (million dollars) 1,092 335 1,427 223 1,650 3,383 3,939 745 9,716 14,375 860 8,803 6,432 760 16,907 1,239 278 1,517 194 1,711 3,126 3,764 486 9,086 13,697 704 8,637 5,764 1,189 16,040 1,334 298 1,633 227 1,859 2,709 3,745 400 8,713 13,504 662 8,290 5,876 1,063 15,652 1,233 257 1,490 230 1,721 2,994 3,913 455 9,082 14,065 685 8,401 6,350 1,050 16,482 1,270 136 1,405 263 1,669 3,328 4,309 504 9,809 14,213 695 8,918 5,989 886 16,684 1,387 185 1,571 457 2,028 9,706 6,277 1,896 19,907 20,395 533 10,413 10,515 15,154 45,576 (million dollars) 1,273 186 1,458 586 2,044 9,422 5,754 1,874 19,095 20,364 497 10,446 10,415 16,160 45,670 1,185 195 1,379 666 2,045 9,213 5,815 1,779 18,852 20,063 529 10,149 10,442 16,223 45,518 1,359 280 1,638 695 2,333 9,500 5,997 1,877 19,707 19,938 532 10,156 10,314 15,861 45,882 1,105 207 1,312 614 1,926 9,543 6,229 1,960 19,658 20,392 579 10,364 10,607 16,284 46,548 785 39 824 90 913 2,168 2,104 177 5,362 4,674 51 2,788 1,938 426 7,726 (million dollars) 615 8 624 171 795 2,010 1,745 158 4,707 4,617 41 2,704 1,954 463 7,124 603 20 623 238 861 1,916 1,566 194 4,537 3,935 58 2,294 1,699 340 6,575 737 46 782 290 1,072 1,875 1,740 197 4,885 3,481 63 2,111 1,434 343 6,661 519 74 593 226 819 1,902 1,504 178 4,404 3,460 64 2,034 1,490 329 6,224 1,383 144 1,420 58 670 371 813 4,859 2,970 2,565 216 10,610 819 5,478 6,297 16,907 1,617 224 1,362 36 722 112 889 4,961 3,534 1,279 212 9,987 512 5,541 6,053 16,040 1,238 46 1,301 79 647 212 663 4,186 3,285 995 251 8,717 757 6,178 6,935 15,652 1,415 143 1,797 51 470 169 650 4,696 3,529 1,135 156 9,515 737 6,229 6,966 16,482 1,128 210 1,633 53 538 192 727 4,482 2,154 2,224 181 9,041 1,027 6,617 7,644 16,684 775 496 5,118 236 605 280 5,065 12,575 6,597 5,789 2,186 27,147 5,525 12,905 18,429 45,576 908 478 4,948 423 419 191 4,569 11,935 7,078 6,303 2,088 27,404 6,000 12,267 18,266 45,670 563 535 5,117 257 340 197 4,595 11,604 6,819 8,000 2,069 28,492 6,293 10,733 17,026 45,518 1,052 558 5,345 309 369 160 4,696 12,489 6,535 7,465 2,033 28,522 6,159 11,201 17,360 45,882 889 305 5,318 306 376 187 4,826 12,207 6,324 7,706 2,289 28,526 6,456 11,566 18,022 46,548 338 55 1,087 49 364 58 588 2,538 904 609 157 4,207 309 3,210 3,519 7,726 598 42 932 111 264 64 485 2,496 810 654 102 4,062 456 2,606 3,062 7,124 369 24 919 24 192 68 865 2,461 593 2,216 31 5,301 741 533 1,274 6,575 548 51 975 29 149 36 948 2,735 432 1,979 25 5,172 651 838 1,490 6,661 523 48 862 59 94 46 899 2,532 390 2,088 31 5,041 696 486 1,182 6,224 4,857 4,125 4,526 4,386 5,327 7,332 7,160 7,248 7,218 7,451 2,824 2,211 2,076 2,150 1,872 (percent of total assets) (percent of total assets) (percent of total assets) 9.8 20.0 23.3 57.5 38.0 15.2 28.7 32.7 62.8 37.2 10.7 19.5 23.5 56.6 35.9 16.7 30.9 30.0 62.3 37.7 11.9 17.3 23.9 55.7 37.5 13.7 26.7 27.3 55.7 44.3 10.4 18.2 23.7 55.1 38.5 13.3 28.5 28.3 57.7 42.3 10.0 19.9 25.8 58.8 35.9 12.4 26.9 26.2 54.2 45.8 4.5 21.3 13.8 43.7 23.1 4.7 27.6 27.2 59.6 40.4 4.5 20.6 12.6 41.8 22.8 4.4 26.1 29.3 60.0 40.0 4.5 20.2 12.8 41.4 22.9 3.6 25.5 32.6 62.6 37.4 5.1 20.7 13.1 43.0 22.5 4.7 27.2 30.5 62.2 37.8 4.1 20.5 13.4 42.2 22.8 3.8 26.2 30.1 61.3 38.7 11.8 28.1 27.2 69.4 25.1 10.5 32.8 19.6 54.5 45.5 11.2 28.2 24.5 66.1 27.4 13.6 35.0 20.6 57.0 43.0 13.1 29.1 23.8 69.0 25.8 9.9 37.4 42.7 80.6 19.4 16.1 28.2 26.1 73.3 21.5 11.8 41.1 36.2 77.6 22.4 13.2 30.6 24.2 70.8 23.9 11.4 40.7 39.8 81.0 19.0 57 U.S. Census Bureau TABLE 15.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUP 39 Miscellaneous Manufacturing1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 89.6 7.7 2.3 2.5 7.9 2.5 5.4 100.0 2.6 90.3 7.0 2.8 1.8 6.0 0.9 5.1 (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 Included in Other Durable Manufacturing 2 Prior quarters’ data are revised to reflect 3 2 4Q 1999 1Q 2000 2Q 2000 9,744 262 8,735 747 226 244 765 242 523 333 190 9,381 (13) 9,559 9,091 240 8,211 639 258 164 546 84 462 132 329 9,626 (128) 9,828 9,970 258 9,288 424 242 (30) 152 13 139 113 26 9,464 64 9,554 9,154 247 7,958 949 211 146 884 215 669 219 449 9,270 (9) 9,711 8,856 241 7,904 710 225 1 486 213 273 177 96 9,130 (42) 9,184 (percent of net sales) 100.0 2.6 93.2 4.2 2.4 (0.3) 1.5 0.1 1.4 100.0 2.7 86.9 10.4 2.3 1.6 9.7 2.4 7.3 100.0 2.7 89.3 8.0 2.5 0.0 5.5 2.4 3.1 25.75 17.61 9.33 6.38 18.31 15.49 6.72 5.69 5.07 4.65 1.88 1.72 31.50 23.82 11.30 8.55 17.88 10.05 6.32 3.55 1.67 0.25 1.01 1.70 0.21 1.01 1.72 0.23 1.05 1.77 0.21 0.99 1.69 0.22 1.00 Industries. additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 58 U.S. Census Bureau Miscellaneous Manufacturing Assets Under $25 Million1 2Q 1999 3Q 19993 4Q 19993 1Q 20003 2Q 2000 (million dollars) 4,465 90 4,061 314 56 (23) 235 68 167 207 (41) 2,387 (48) 2,298 3,638 53 3,276 309 44 4 269 14 255 62 193 1,873 18 2,084 3,844 66 3,640 138 49 (57) 32 (19) 51 51 0 1,567 (1) 1,566 3,583 56 3,077 450 35 7 422 26 396 154 242 1,869 (8) 2,104 3,397 57 3,179 161 42 11 130 35 95 108 (13) 2,398 (1) 2,384 (percent of net sales) 100.0 2.0 91.0 7.0 1.3 (0.5) 5.3 1.5 3.7 100.0 1.5 90.1 8.5 1.2 0.1 7.4 0.4 7.0 (percent) 100.0 1.7 94.7 3.6 1.3 (1.5) 0.8 (0.5) 1.3 100.0 1.5 85.9 12.6 1.0 0.2 11.8 0.7 11.1 100.0 1.7 93.6 4.7 1.2 0.3 3.8 1.0 2.8 28.68 20.33 11.13 7.89 35.30 33.46 14.98 14.20 4.55 7.26 1.75 2.80 54.75 51.36 24.23 22.73 15.54 11.38 7.34 5.37 1.82 0.23 1.07 1.90 0.20 1.28 1.77 0.20 1.02 2.05 0.23 1.40 2.16 0.32 1.66 59 U.S. Census Bureau TABLE 15.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUP 39 Miscellaneous Manufacturing1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Included in Other Durable Manufacturing 2 Prior quarters’ data are revised to reflect 3 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 1,731 224 1,956 584 2,540 6,463 6,475 1,567 17,045 12,442 388 6,953 5,878 9,885 32,808 1,458 208 1,666 486 2,152 6,802 6,467 1,600 17,021 12,360 246 6,737 5,869 9,572 32,462 1,552 267 1,819 387 2,207 6,609 6,017 1,617 16,451 12,634 455 6,663 6,426 9,446 32,323 1,234 164 1,399 449 1,848 6,005 5,876 1,714 15,443 12,008 424 6,431 6,002 9,840 31,285 1,167 212 1,379 606 1,986 5,753 5,836 1,582 15,156 12,000 310 6,508 5,802 9,786 30,744 1,928 375 3,111 236 554 448 3,570 10,221 3,319 5,132 2,255 20,926 2,323 9,559 11,882 32,808 1,969 463 3,071 209 538 317 3,442 10,010 3,563 4,945 2,026 20,545 2,090 9,828 11,917 32,462 1,625 378 2,742 260 533 425 3,591 9,554 3,271 5,181 2,354 20,359 2,410 9,554 11,964 32,323 1,282 274 2,584 251 330 548 3,451 8,719 3,604 5,251 2,484 20,059 1,515 9,711 11,226 31,285 1,084 354 2,638 268 494 455 3,693 8,987 3,325 5,107 2,459 19,878 1,681 9,184 10,866 30,744 6,824 7,011 6,897 6,724 6,169 (percent of total assets) 7.7 19.7 19.7 52.0 17.9 10.1 31.2 25.8 63.8 36.2 6.6 21.0 19.9 52.4 18.1 10.1 30.8 26.2 63.3 36.7 6.8 20.4 18.6 50.9 19.9 9.2 29.6 26.1 63.0 37.0 5.9 19.2 18.8 49.4 19.2 7.8 27.9 28.3 64.1 35.9 6.5 18.7 19.0 49.3 18.9 7.8 29.2 27.4 64.7 35.3 Industries. additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 60 U.S. Census Bureau Miscellaneous Manufacturing Assets Under $25 Million1 2Q 1999 3Q 19993 4Q 19993 1Q 20003 2Q 2000 (million dollars) 597 26 624 181 805 2,312 2,952 301 6,370 3,540 98 2,194 1,444 626 8,441 425 6 431 131 562 2,299 2,400 206 5,467 3,184 71 1,955 1,301 404 7,172 378 84 462 125 586 2,070 2,217 250 5,123 3,586 175 1,991 1,769 381 7,273 320 16 336 246 582 2,063 2,230 206 5,080 3,158 139 1,810 1,487 402 6,969 336 17 353 419 771 2,035 2,235 222 5,263 3,180 119 1,881 1,418 416 7,098 1,189 30 1,443 22 206 211 407 3,508 796 637 224 5,164 978 2,298 3,277 8,441 1,013 103 1,095 43 150 68 400 2,871 576 475 207 4,128 959 2,084 3,044 7,172 893 105 1,017 22 218 137 503 2,895 704 698 170 4,467 1,240 1,566 2,806 7,273 684 54 1,046 39 80 136 437 2,477 527 714 167 3,885 981 2,104 3,084 6,969 556 59 1,106 41 114 106 450 2,432 551 637 126 3,746 967 2,384 3,351 7,098 2,863 2,596 2,228 2,604 2,832 (percent of total assets) 9.5 27.4 35.0 75.5 17.1 19.4 41.6 17.0 61.2 38.8 7.8 32.1 33.5 76.2 18.1 18.6 40.0 14.7 57.6 42.4 8.1 28.5 30.5 70.4 24.3 18.6 39.8 19.3 61.4 38.6 8.3 29.6 32.0 72.9 21.3 13.7 35.5 17.8 55.7 44.3 10.9 28.7 31.5 74.2 20.0 11.8 34.3 16.7 52.8 47.2 61 U.S. Census Bureau TABLE 16.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN MANUFACTURING, BY ASSET SIZE All Manufacturing1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 3.7 87.8 8.5 2.2 2.9 9.2 2.5 6.7 100.0 3.7 88.4 7.9 2.2 2.9 8.6 2.3 6.3 (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 1999 1Q 2000 2Q 2000 1,044,995 38,616 917,328 89,050 22,882 30,032 96,201 26,370 69,831 27,049 42,783 1,017,701 (23,809) 1,036,675 1,055,100 38,592 933,070 83,438 23,450 30,841 90,830 24,771 66,058 23,894 42,164 1,026,842 (5,060) 1,063,946 1,090,882 39,339 978,355 73,189 24,519 38,306 86,975 24,616 62,359 28,216 34,143 1,058,556 10,889 1,103,588 1,087,835 38,965 961,963 86,906 24,514 40,968 103,360 27,833 75,527 29,602 45,925 1,108,825 (7,889) 1,146,862 1,147,548 39,702 1,008,934 98,912 26,217 36,610 109,305 29,180 80,125 28,786 51,339 1,132,005 (12,000) 1,171,344 (percent of net sales) 100.0 3.6 89.7 6.7 2.2 3.5 8.0 2.3 5.7 100.0 3.6 88.4 8.0 2.3 3.8 9.5 2.6 6.9 100.0 3.5 87.9 8.6 2.3 3.2 9.5 2.5 7.0 25.02 18.16 9.22 6.69 23.11 16.80 8.50 6.18 21.25 15.23 7.95 5.70 24.13 17.63 9.19 6.71 24.18 17.73 9.44 6.92 1.27 0.19 1.29 1.28 0.20 1.29 1.26 0.20 1.34 1.29 0.20 1.35 1.30 0.21 1.39 Prior quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 62 U.S. Census Bureau All Manufacturing Assets Under $5 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 All Manufacturing Assets $5 Million to $10 Million1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 All Manufacturing Assets $10 Million to $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 69,621 1,698 62,321 5,602 809 91 4,884 489 4,395 2,090 2,305 31,697 (227) 33,776 69,554 1,755 63,170 4,630 836 319 4,113 559 3,554 1,576 1,978 31,480 (102) 33,355 69,135 1,924 65,243 1,968 904 32 1,096 437 659 1,517 (857) 30,644 (350) 29,436 65,782 1,695 58,775 5,312 784 134 4,662 443 4,219 2,186 2,033 33,973 (631) 35,375 69,857 1,797 62,305 5,755 875 197 5,077 526 4,551 1,966 2,585 35,908 (521) 37,972 29,127 758 26,403 1,966 382 66 1,650 242 1,409 940 468 18,521 (61) 18,929 (million dollars) 29,190 782 25,966 2,442 448 93 2,087 286 1,801 670 1,131 17,001 38 18,171 28,569 807 26,588 1,174 385 104 894 263 631 749 (118) 17,332 62 17,276 29,999 797 26,724 2,478 363 139 2,255 314 1,941 945 995 18,669 (56) 19,608 29,115 720 26,160 2,234 364 168 2,038 324 1,714 1,042 672 18,110 (71) 18,711 39,730 1,075 35,487 3,167 531 6 2,642 444 2,199 1,359 840 25,221 (163) 25,898 (million dollars) 40,171 1,094 36,084 2,993 540 35 2,489 434 2,055 869 1,187 25,756 (82) 26,860 39,614 1,128 36,144 2,342 612 82 1,812 327 1,484 1,069 415 26,665 (25) 27,055 37,449 1,070 33,653 2,726 582 173 2,316 336 1,980 812 1,168 23,294 132 24,593 40,397 1,122 35,797 3,478 695 54 2,837 494 2,343 1,312 1,031 25,279 (100) 26,210 (percent of net sales) 100.0 2.4 89.5 8.0 1.2 0.1 7.0 0.7 6.3 100.0 2.5 90.8 6.7 1.2 0.5 5.9 0.8 5.1 (percent) 100.0 2.8 94.4 2.8 1.3 0.0 1.6 0.6 1.0 100.0 2.6 89.3 8.1 1.2 0.2 7.1 0.7 6.4 100.0 2.6 89.2 8.2 1.3 0.3 7.3 0.8 6.5 100.0 2.6 90.6 6.8 1.3 0.2 5.7 0.8 4.8 (percent of net sales) 100.0 2.7 89.0 8.4 1.5 0.3 7.1 1.0 6.2 (percent) 100.0 2.8 93.1 4.1 1.3 0.4 3.1 0.9 2.2 100.0 2.7 89.1 8.3 1.2 0.5 7.5 1.0 6.5 100.0 2.5 89.9 7.7 1.3 0.6 7.0 1.1 5.9 100.0 2.7 89.3 8.0 1.3 0.0 6.7 1.1 5.5 (percent of net sales) 100.0 2.7 89.8 7.5 1.3 0.1 6.2 1.1 5.1 (percent) 100.0 2.8 91.2 5.9 1.5 0.2 4.6 0.8 3.7 100.0 2.9 89.9 7.3 1.6 0.5 6.2 0.9 5.3 100.0 2.8 88.6 8.6 1.7 0.1 7.0 1.2 5.8 37.56 33.80 16.46 14.81 31.43 27.16 14.09 12.18 9.06 5.45 3.85 2.31 37.27 33.72 16.32 14.77 38.32 34.35 17.61 15.78 25.77 21.99 11.47 9.79 34.37 29.66 14.77 12.75 14.83 10.46 6.35 4.48 33.19 28.56 15.35 13.21 31.91 26.83 14.63 12.30 27.46 22.85 12.39 10.31 25.03 20.67 11.43 9.44 19.05 15.61 8.42 6.90 24.43 20.89 10.75 9.19 28.34 23.41 12.82 10.59 2.08 0.44 1.33 2.12 0.47 1.38 2.00 0.41 1.26 2.02 0.42 1.34 2.13 0.42 1.43 1.88 0.29 1.35 1.92 0.33 1.22 1.87 0.32 1.22 1.97 0.33 1.45 2.04 0.35 1.41 1.87 0.32 1.43 1.89 0.31 1.47 1.91 0.33 1.33 1.90 0.31 1.31 1.94 0.31 1.36 63 U.S. Census Bureau TABLE 16.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN MANUFACTURING, BY ASSET SIZE All Manufacturing1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 90,398 25,221 115,619 97,056 212,674 507,388 468,124 199,733 1,387,920 2,150,110 104,816 1,128,405 1,126,522 1,658,599 4,173,041 93,351 26,408 119,759 103,063 222,822 519,501 475,416 204,172 1,421,911 2,167,551 103,821 1,140,946 1,130,426 1,722,167 4,274,503 95,417 27,334 122,751 103,119 225,870 506,885 474,452 216,405 1,423,612 2,189,308 103,685 1,145,954 1,147,039 1,803,726 4,374,377 105,360 24,587 129,947 102,195 232,142 525,404 490,452 226,985 1,474,983 2,203,554 102,942 1,159,225 1,147,271 1,876,925 4,499,179 112,491 24,149 136,640 102,795 239,434 542,742 493,854 225,198 1,501,228 2,217,700 101,746 1,143,419 1,176,027 1,955,752 4,633,007 72,720 137,541 308,049 47,291 30,377 35,682 459,748 1,091,408 328,422 591,667 623,664 2,635,161 501,204 1,036,675 1,537,879 4,173,041 73,953 126,757 322,678 49,015 29,733 37,495 474,026 1,113,658 342,914 607,774 637,745 2,702,091 508,466 1,063,946 1,572,413 4,274,503 72,129 127,209 336,680 47,284 33,704 37,294 479,169 1,133,469 337,549 615,826 650,247 2,737,091 533,699 1,103,588 1,637,287 4,374,377 77,880 132,696 342,926 55,682 32,641 41,336 464,152 1,147,313 343,174 638,764 656,521 2,785,772 566,545 1,146,862 1,713,407 4,499,179 75,628 140,276 345,327 52,743 35,174 40,812 465,736 1,155,695 352,352 660,447 656,438 2,824,933 636,730 1,171,344 1,808,074 4,633,007 296,512 308,253 290,143 327,670 345,532 (percent of total assets) 5.1 12.2 11.2 33.3 27.0 6.6 26.2 22.0 63.1 36.9 5.2 12.2 11.1 33.3 26.4 6.3 26.1 22.2 63.2 36.8 5.2 11.6 10.8 32.5 26.2 6.2 25.9 21.8 62.6 37.4 5.2 11.7 10.9 32.8 25.5 6.3 25.5 21.8 61.9 38.1 5.2 11.7 10.7 32.4 25.4 6.3 24.9 21.9 61.0 39.0 Prior quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 64 U.S. Census Bureau All Manufacturing Assets Under $5 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 2Q 1999 All Manufacturing Assets $5 Million to $10 Million1 3Q 1999 4Q 1999 1Q 2000 2Q 2000 All Manufacturing Assets $10 Million to $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 13,173 1,318 14,490 2,121 16,611 32,146 25,590 4,560 78,908 91,945 1,840 59,808 33,977 5,795 118,679 13,400 1,573 14,973 2,303 17,277 31,416 24,787 4,185 77,664 93,734 1,784 61,857 33,661 5,388 116,713 12,091 1,309 13,400 1,796 15,197 31,265 23,927 3,953 74,342 95,498 1,632 62,614 34,515 5,084 113,942 11,964 1,533 13,497 2,084 15,581 31,319 23,660 3,974 74,534 94,747 1,658 61,771 34,634 5,079 114,247 11,596 1,474 13,070 1,710 14,780 31,806 24,898 4,079 75,563 95,569 1,572 62,773 34,368 5,418 115,349 3,621 720 4,342 1,289 5,630 15,533 13,572 2,181 36,917 39,843 1,051 23,748 17,146 3,461 57,523 (million dollars) 4,140 732 4,872 1,349 6,221 15,500 12,724 1,583 36,027 39,679 924 23,410 17,193 3,275 56,496 3,895 605 4,500 1,587 6,088 14,316 13,133 1,751 35,287 40,595 1,169 23,565 18,199 2,777 56,263 3,986 669 4,656 1,684 6,340 15,694 13,644 1,871 37,549 41,383 1,145 24,273 18,256 2,963 58,767 3,778 566 4,344 2,009 6,353 15,069 13,560 1,725 36,707 38,338 1,092 23,265 16,165 2,858 55,730 5,572 942 6,515 2,441 8,956 20,882 19,648 2,949 52,434 55,417 1,443 30,638 26,222 6,636 85,293 (million dollars) 5,160 1,043 6,203 2,487 8,690 21,464 19,619 3,080 52,853 55,650 1,561 31,216 25,994 8,292 87,140 5,356 1,140 6,496 2,524 9,020 20,396 19,703 2,829 51,948 55,987 1,602 31,129 26,459 7,631 86,038 5,044 823 5,868 2,580 8,448 21,704 18,879 3,193 52,223 56,139 1,751 31,178 26,712 7,220 86,155 4,869 1,002 5,871 2,449 8,320 22,130 19,411 2,863 52,723 59,351 1,783 33,157 27,977 7,828 88,528 7,278 1,595 16,562 439 2,816 1,920 7,399 38,011 11,738 13,873 3,051 66,673 18,231 33,776 52,007 118,679 7,063 1,797 15,988 546 2,683 1,546 6,972 36,596 12,981 11,804 2,990 64,370 18,987 33,355 52,342 116,713 6,708 1,560 16,287 475 2,914 1,392 7,875 37,212 14,380 11,532 2,401 65,525 18,980 29,436 48,416 113,942 6,372 1,350 16,508 453 2,850 1,843 7,523 36,898 13,734 11,329 2,250 64,210 14,663 35,375 50,037 114,247 6,149 1,361 15,818 539 3,092 1,676 6,806 35,441 12,737 11,957 2,218 62,352 15,025 37,972 52,997 115,349 5,074 578 7,599 213 1,422 599 4,204 19,688 7,072 4,285 862 31,908 6,687 18,929 25,616 57,523 4,868 519 7,098 237 1,631 493 3,939 18,784 7,609 4,808 1,010 32,211 6,113 18,171 24,284 56,496 4,561 682 7,269 249 1,353 755 3,956 18,825 6,799 5,590 941 32,155 6,833 17,276 24,108 56,263 4,508 568 7,838 286 1,318 622 3,941 19,082 6,885 4,809 813 31,589 7,570 19,608 27,178 58,767 4,381 363 7,171 312 1,374 605 3,784 17,991 6,488 4,851 855 30,185 6,835 18,711 25,546 55,730 6,229 1,042 11,006 373 2,410 705 6,220 27,985 10,212 6,341 2,266 46,805 12,590 25,898 38,488 85,293 6,114 1,010 11,073 454 2,375 680 6,308 28,015 10,381 6,537 2,437 47,369 12,910 26,860 39,771 87,140 5,745 1,048 10,550 370 2,566 712 6,235 27,227 11,030 7,540 2,194 47,990 10,993 27,055 38,048 86,038 6,341 906 10,629 327 2,399 938 5,942 27,482 10,282 8,154 2,312 48,230 13,332 24,593 37,925 86,155 5,935 943 10,535 338 2,417 834 6,198 27,201 11,267 8,101 1,923 48,492 13,826 26,210 40,036 88,528 40,897 41,068 37,130 37,637 40,122 17,228 17,244 16,462 18,466 18,716 24,449 24,839 24,722 24,741 25,522 (percent of total assets) (percent of total assets) (percent of total assets) 14.0 27.1 21.6 66.5 28.6 11.5 32.0 21.6 56.2 43.8 14.8 26.9 21.2 66.5 28.8 11.2 31.4 21.2 55.2 44.8 13.3 27.4 21.0 65.2 30.3 11.0 32.7 22.7 57.5 42.5 13.6 27.4 20.7 65.2 30.3 10.9 32.3 21.9 56.2 43.8 12.8 27.6 21.6 65.5 29.8 10.6 30.7 21.4 54.1 45.9 9.8 27.0 23.6 64.2 29.8 13.3 34.2 19.7 55.5 44.5 11.0 27.4 22.5 63.8 30.4 13.3 33.2 22.0 57.0 43.0 10.8 25.4 23.3 62.7 32.3 13.1 33.5 22.0 57.2 42.8 10.8 26.7 23.2 63.9 31.1 11.9 32.5 19.9 53.8 46.2 11.4 27.0 24.3 65.9 29.0 12.1 32.3 20.3 54.2 45.8 10.5 24.5 23.0 61.5 30.7 12.2 32.8 19.4 54.9 45.1 10.0 24.6 22.5 60.7 29.8 11.7 32.1 19.4 54.4 45.6 10.5 23.7 22.9 60.4 30.8 11.7 31.6 21.6 55.8 44.2 9.8 25.2 21.9 60.6 31.0 12.3 31.9 21.4 56.0 44.0 9.4 25.0 21.9 59.6 31.6 11.4 30.7 21.9 54.8 45.2 65 U.S. Census Bureau TABLE 17.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN MANUFACTURING, BY ASSET SIZE All Nondurable Manufacturing Industries1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 4.0 87.1 9.0 2.7 2.5 8.9 2.3 6.5 100.0 3.8 87.1 9.1 2.6 2.7 9.2 2.2 7.0 (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 4Q 1999 1Q 2000 2Q 2000 458,988 18,165 399,568 41,256 12,211 11,628 40,673 10,697 29,976 16,112 13,863 521,696 (15,701) 519,858 476,311 18,228 414,773 43,309 12,461 12,990 43,839 10,621 33,218 13,278 19,939 513,685 (3,258) 530,366 490,165 19,134 434,735 36,297 13,205 15,603 38,695 10,065 28,630 16,084 12,546 527,212 11,348 551,107 494,025 18,571 430,980 44,474 12,941 17,235 48,768 11,996 36,772 17,749 19,024 553,626 (3,358) 569,292 524,277 19,168 454,430 50,679 14,445 16,852 53,086 12,306 40,780 16,948 23,832 559,008 (4,327) 578,514 (percent of net sales) 100.0 3.9 88.7 7.4 2.7 3.2 7.9 2.1 5.8 100.0 3.8 87.2 9.0 2.6 3.5 9.9 2.4 7.4 100.0 3.7 86.7 9.7 2.8 3.2 10.1 2.3 7.8 23.58 17.38 8.28 6.10 24.99 18.93 8.73 6.62 21.25 15.72 7.53 5.57 26.18 19.74 9.33 7.03 26.96 20.71 9.87 7.58 1.17 0.15 1.06 1.17 0.15 1.07 1.15 0.14 1.11 1.16 0.14 1.11 1.17 0.13 1.14 Prior quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 66 U.S. Census Bureau Nondurable Manufacturing Industries Assets Under $5 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 Nondurable Manufacturing Industries Assets $5 Million to $10 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 Nondurable Manufacturing Industries Assets $10 Million to $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 25,080 605 22,976 1,498 294 117 1,321 146 1,175 620 555 9,351 52 9,958 25,916 647 23,785 1,484 313 146 1,317 147 1,170 426 744 8,582 (82) 9,244 24,417 677 23,170 570 341 31 259 121 138 390 (251) 8,772 (153) 8,368 23,284 580 21,199 1,505 283 68 1,290 110 1,179 607 572 8,393 (327) 8,638 25,417 628 22,841 1,948 382 122 1,688 228 1,461 519 942 10,131 (94) 10,978 11,042 310 10,219 513 152 57 419 67 352 208 144 7,028 (8) 7,164 (million dollars) 10,764 313 9,714 736 139 21 618 72 546 144 402 6,106 (25) 6,483 11,473 332 10,669 471 147 31 355 90 265 213 52 6,195 50 6,297 11,928 323 10,683 922 138 47 831 83 748 378 370 6,481 (76) 6,775 11,229 295 10,089 845 134 57 768 103 665 346 319 6,497 166 6,982 17,012 473 15,322 1,217 227 27 1,017 184 833 518 315 11,538 (59) 11,793 (million dollars) 17,161 441 15,590 1,130 207 7 930 172 757 349 409 11,920 (17) 12,311 16,365 464 15,169 733 230 73 575 74 501 404 98 11,902 33 12,033 15,332 451 13,781 1,100 215 70 956 120 836 334 502 10,421 26 10,949 15,932 449 14,251 1,231 255 63 1,040 117 923 483 440 9,563 (108) 9,895 (percent of net sales) 100.0 2.4 91.6 6.0 1.2 0.5 5.3 0.6 4.7 100.0 2.5 91.8 5.7 1.2 0.6 5.1 0.6 4.5 (percent) 100.0 2.8 94.9 2.3 1.4 0.1 1.1 0.5 0.6 100.0 2.5 91.0 6.5 1.2 0.3 5.5 0.5 5.1 100.0 2.5 89.9 7.7 1.5 0.5 6.6 0.9 5.7 100.0 2.8 92.5 4.6 1.4 0.5 3.8 0.6 3.2 (percent of net sales) 100.0 2.9 90.2 6.8 1.3 0.2 5.7 0.7 5.1 (percent) 100.0 2.9 93.0 4.1 1.3 0.3 3.1 0.8 2.3 100.0 2.7 89.6 7.7 1.2 0.4 7.0 0.7 6.3 100.0 2.6 89.8 7.5 1.2 0.5 6.8 0.9 5.9 100.0 2.8 90.1 7.2 1.3 0.2 6.0 1.1 4.9 (percent of net sales) 100.0 2.6 90.8 6.6 1.2 0.0 5.4 1.0 4.4 (percent) 100.0 2.8 92.7 4.5 1.4 0.4 3.5 0.5 3.1 100.0 2.9 89.9 7.2 1.4 0.5 6.2 0.8 5.5 100.0 2.8 89.5 7.7 1.6 0.4 6.5 0.7 5.8 30.69 27.29 12.72 11.31 30.11 26.76 12.73 11.32 6.96 3.72 2.67 1.43 33.73 30.85 13.68 12.51 38.83 33.59 17.56 15.20 18.45 15.49 7.95 6.68 29.58 26.14 12.51 11.06 16.35 12.21 6.86 5.12 37.43 33.70 15.87 14.29 35.25 30.51 15.46 13.39 25.79 21.11 11.48 9.40 23.65 19.26 11.02 8.98 15.59 13.58 6.88 5.99 25.34 22.17 11.48 10.04 28.36 25.18 12.48 11.07 1.90 0.39 1.27 1.93 0.40 1.26 1.82 0.34 1.10 1.95 0.40 1.15 2.04 0.39 1.40 1.70 0.27 1.22 1.78 0.31 1.19 1.76 0.29 1.17 1.75 0.24 1.20 1.83 0.28 1.31 1.78 0.28 1.34 1.84 0.27 1.52 1.82 0.27 1.29 1.82 0.28 1.38 1.83 0.26 1.28 67 U.S. Census Bureau TABLE 17.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN MANUFACTURING, BY ASSET SIZE All Nondurable Manufacturing Industries1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 30,109 9,234 39,343 30,696 70,039 202,322 177,363 80,537 530,261 1,186,051 73,189 619,874 639,366 796,292 1,965,920 29,095 10,238 39,332 28,465 67,797 213,098 181,982 85,123 548,000 1,194,899 72,559 627,509 639,949 819,925 2,007,874 29,751 9,099 38,850 29,083 67,933 211,168 186,372 88,885 554,358 1,207,027 71,107 633,674 644,460 857,368 2,056,186 29,841 8,122 37,963 28,093 66,056 215,445 189,869 91,821 563,192 1,209,891 69,889 639,515 640,266 888,026 2,091,484 28,177 8,697 36,874 27,561 64,435 224,471 190,798 88,274 567,979 1,215,903 68,211 619,926 664,189 918,695 2,150,862 35,189 72,526 123,630 20,878 14,093 21,778 165,821 453,915 167,541 337,353 317,265 1,276,074 169,988 519,858 689,846 1,965,920 36,710 70,290 129,941 20,778 13,380 23,233 172,267 466,599 171,980 342,560 324,956 1,306,095 171,413 530,366 701,780 2,007,874 34,438 70,579 141,998 18,574 15,245 21,752 177,639 480,224 169,925 345,308 332,432 1,327,889 177,190 551,107 728,296 2,056,186 35,937 71,454 142,977 24,514 14,675 23,173 174,696 487,426 168,463 359,629 330,833 1,346,351 175,841 569,292 745,133 2,091,484 34,086 73,322 143,589 21,315 15,632 22,370 176,742 487,055 173,316 373,751 329,134 1,363,256 209,093 578,514 787,606 2,150,862 76,346 81,401 74,134 75,766 80,923 (percent of total assets) 3.6 10.3 9.0 27.0 32.5 7.3 23.1 25.7 64.9 35.1 3.4 10.6 9.1 27.3 31.9 7.2 23.2 25.6 65.0 35.0 3.3 10.3 9.1 27.0 31.3 6.9 23.4 25.1 64.6 35.4 3.2 10.3 9.1 26.9 30.6 6.9 23.3 25.2 64.4 35.6 3.0 10.4 8.9 26.4 30.9 6.8 22.6 25.4 63.4 36.6 Prior quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 68 U.S. Census Bureau Nondurable Manufacturing Industries Assets Under $5 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 Nondurable Manufacturing Industries Assets $5 Million to $10 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 Nondurable Manufacturing Industries Assets $10 Million to $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 4,302 659 4,961 645 5,606 11,394 8,360 1,877 27,237 32,324 550 20,745 12,129 2,201 41,566 4,247 677 4,924 635 5,560 11,572 8,225 1,566 26,923 33,352 485 21,527 12,309 2,141 41,373 3,722 419 4,142 479 4,621 11,276 7,370 1,498 24,766 34,392 362 22,525 12,230 1,821 38,817 3,807 486 4,293 613 4,906 10,718 6,906 1,518 24,048 33,138 477 21,889 11,725 1,932 37,705 3,519 615 4,133 564 4,697 11,056 7,016 1,648 24,417 34,195 436 22,436 12,194 1,834 38,445 1,204 377 1,582 423 2,004 5,662 4,243 755 12,664 15,595 374 9,279 6,691 1,706 21,062 (million dollars) 1,375 295 1,671 404 2,075 5,344 3,965 636 12,019 14,879 304 8,783 6,400 1,336 19,755 1,358 239 1,597 470 2,067 5,590 4,169 607 12,433 16,230 391 9,499 7,121 1,171 20,725 1,182 185 1,367 336 1,703 5,982 4,160 636 12,481 16,139 389 9,191 7,337 1,120 20,938 1,347 214 1,560 329 1,890 5,661 4,220 604 12,375 15,445 395 9,422 6,418 1,068 19,861 2,037 357 2,394 830 3,225 9,035 6,892 1,171 20,322 25,243 636 13,722 12,157 2,949 35,428 (million dollars) 1,743 430 2,173 711 2,884 8,529 6,535 1,387 19,336 24,128 674 13,465 11,336 3,054 33,727 1,741 404 2,145 693 2,838 7,981 7,139 1,196 19,153 24,099 566 13,094 11,571 2,720 33,444 1,661 175 1,836 1,090 2,926 8,100 6,952 1,158 19,136 24,263 610 13,308 11,565 2,610 33,311 1,428 193 1,621 1,014 2,635 7,763 6,986 1,153 18,537 24,425 595 13,420 11,600 3,199 33,337 2,655 595 6,739 187 926 669 2,561 14,332 3,908 4,804 1,298 24,342 7,266 9,958 17,224 41,566 2,709 737 6,523 141 898 617 2,324 13,949 4,505 4,468 955 23,877 8,252 9,244 17,496 41,373 2,263 586 6,746 154 849 544 2,492 13,635 4,823 4,435 1,028 23,921 6,527 8,368 14,895 38,817 2,119 344 5,775 108 814 927 2,250 12,338 4,584 4,551 941 22,414 6,652 8,638 15,291 37,705 2,185 399 5,592 138 1,101 644 1,895 11,955 4,236 3,856 1,008 21,054 6,413 10,978 17,391 38,445 2,161 230 2,892 72 562 243 1,272 7,433 2,252 2,021 277 11,982 1,915 7,164 9,079 21,062 1,710 193 2,745 59 697 219 1,129 6,751 2,364 1,848 437 11,400 1,872 6,483 8,355 19,755 1,755 224 3,026 74 641 274 1,069 7,062 2,517 2,033 417 12,029 2,399 6,297 8,696 20,725 1,737 321 3,185 56 444 294 1,109 7,146 2,729 1,849 338 12,062 2,101 6,775 8,876 20,938 1,691 180 2,892 65 558 224 1,149 6,759 2,462 1,544 384 11,148 1,731 6,982 8,713 19,861 2,835 354 4,674 157 964 265 2,186 11,436 4,374 2,979 863 19,652 3,983 11,793 15,776 35,428 2,457 315 4,488 178 747 262 2,070 10,517 4,058 2,492 937 18,005 3,411 12,311 15,722 33,727 2,510 429 4,251 156 821 315 2,035 10,517 4,375 2,986 807 18,686 2,725 12,033 14,758 33,444 2,684 321 4,309 125 796 339 1,956 10,529 4,281 2,536 875 18,221 4,141 10,949 15,090 33,311 2,269 385 4,427 79 836 345 1,814 10,155 4,517 3,084 916 18,672 4,771 9,895 14,665 33,337 12,905 12,974 11,131 11,709 12,462 5,232 5,269 5,371 5,335 5,617 8,887 8,819 8,636 8,607 8,382 (percent of total assets) (percent of total assets) (percent of total assets) 13.5 27.4 20.1 65.5 29.2 11.7 34.5 21.0 58.6 41.4 13.4 28.0 19.9 65.1 29.8 12.0 33.7 21.7 57.7 42.3 11.9 29.1 19.0 63.8 31.5 10.9 35.1 23.9 61.6 38.4 13.0 28.4 18.3 63.8 31.1 11.1 32.7 24.2 59.4 40.6 12.2 28.8 18.2 63.5 31.7 11.3 31.1 21.0 54.8 45.2 9.5 26.9 20.1 60.1 31.8 15.2 35.3 20.3 56.9 43.1 10.5 27.0 20.1 60.8 32.4 14.3 34.2 21.3 57.7 42.3 10.0 27.0 20.1 60.0 34.4 14.0 34.1 22.0 58.0 42.0 8.1 28.6 19.9 59.6 35.0 13.4 34.1 21.9 57.6 42.4 9.5 28.5 21.2 62.3 32.3 13.4 34.0 20.2 56.1 43.9 9.1 25.5 19.5 57.4 34.3 12.5 32.3 20.8 55.5 44.5 8.6 25.3 19.4 57.3 33.6 11.2 31.2 19.4 53.4 46.6 8.5 23.9 21.3 57.3 34.6 12.2 31.4 22.0 55.9 44.1 8.8 24.3 20.9 57.4 34.7 12.4 31.6 20.5 54.7 45.3 7.9 23.3 21.0 55.6 34.8 11.5 30.5 22.8 56.0 44.0 69 U.S. Census Bureau TABLE 18.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN MANUFACTURING, BY ASSET SIZE All Durable Manufacturing Industries1 Item 2Q 1999 3Q 1999 (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 and 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 (or charges) to retained earnings (net), including stock and other noncash 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 3.5 88.4 8.2 1.8 3.1 9.5 2.7 6.8 100.0 3.5 89.5 6.9 1.9 3.1 8.1 2.4 5.7 (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 Prior 2 4Q 1999 1Q 2000 2Q 2000 586,006 20,451 517,760 47,795 10,670 18,404 55,528 15,673 39,856 10,936 28,919 496,006 (8,108) 516,817 578,789 20,363 518,297 40,129 10,989 17,851 46,991 14,151 32,840 10,615 22,225 513,157 (1,802) 533,580 600,717 20,205 543,620 36,892 11,314 22,703 48,281 14,551 33,729 12,132 21,597 531,343 (460) 552,481 593,810 20,394 530,984 42,432 11,572 23,732 54,592 15,838 38,755 11,853 26,902 555,199 (4,531) 577,570 623,270 20,534 554,504 48,233 11,771 19,759 56,220 16,875 39,345 11,838 27,507 572,997 (7,673) 592,831 (percent of net sales) 100.0 3.4 90.5 6.1 1.9 3.8 8.0 2.4 5.6 100.0 3.4 89.4 7.1 1.9 4.0 9.2 2.7 6.5 100.0 3.3 89.0 7.7 1.9 3.2 9.0 2.7 6.3 26.19 18.80 10.06 7.22 21.59 15.09 8.29 5.80 21.25 14.84 8.33 5.82 22.55 16.01 9.07 6.44 22.04 15.42 9.06 6.34 1.35 0.22 1.55 1.35 0.24 1.55 1.33 0.24 1.60 1.38 0.25 1.63 1.40 0.26 1.67 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 70 U.S. Census Bureau Durable Manufacturing Industries Assets Under $5 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Durable Manufacturing Industries Assets $5 Million to $10 Million 3Q 19992 4Q 19992 1Q 20002 2Q 2000 Durable Manufacturing Industries Assets $10 Million to $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 44,541 1,093 39,345 4,103 514 (26) 3,562 342 3,220 1,469 1,751 22,346 (279) 23,817 43,638 1,107 39,385 3,146 523 172 2,796 412 2,384 1,150 1,233 22,898 (20) 24,111 44,718 1,247 42,073 1,398 563 1 837 316 521 1,127 (606) 21,871 (197) 21,068 42,498 1,115 37,576 3,807 501 66 3,373 333 3,039 1,579 1,461 25,580 (304) 26,736 44,440 1,169 39,465 3,806 493 75 3,389 299 3,090 1,447 1,644 25,777 (427) 26,994 18,085 448 16,183 1,453 230 8 1,231 174 1,057 732 325 11,493 (53) 11,765 (million dollars) 18,426 468 16,252 1,706 308 72 1,469 214 1,255 526 729 10,896 64 11,688 17,096 474 15,919 703 238 74 538 173 365 536 (171) 11,138 12 10,979 18,071 474 16,040 1,557 224 92 1,424 231 1,193 567 626 12,187 20 12,833 17,886 425 16,071 1,390 230 110 1,270 221 1,049 696 353 11,613 (237) 11,729 22,718 602 20,165 1,950 304 (21) 1,625 259 1,366 841 525 13,683 (103) 14,105 (million dollars) 23,010 653 20,494 1,863 332 28 1,560 261 1,298 520 778 13,836 (65) 14,549 23,248 664 20,976 1,609 382 10 1,236 253 983 666 318 14,763 (58) 15,023 22,117 620 19,872 1,625 368 103 1,360 216 1,144 478 666 12,873 106 13,644 24,465 673 21,546 2,247 440 (9) 1,797 377 1,420 829 591 15,716 9 16,316 (percent of net sales) 100.0 2.5 88.3 9.2 1.2 (0.1) 8.0 0.8 7.2 100.0 2.5 90.3 7.2 1.2 0.4 6.4 0.9 5.5 (percent) 100.0 2.8 94.1 3.1 1.3 0.0 1.9 0.7 1.2 100.0 2.6 88.4 9.0 1.2 0.2 7.9 0.8 7.2 100.0 2.6 88.8 8.6 1.1 0.2 7.6 0.7 7.0 100.0 2.5 89.5 8.0 1.3 0.0 6.8 1.0 5.8 (percent of net sales) 100.0 2.5 88.2 9.3 1.7 0.4 8.0 1.2 6.8 (percent) 100.0 2.8 93.1 4.1 1.4 0.4 3.1 1.0 2.1 100.0 2.6 88.8 8.6 1.2 0.5 7.9 1.3 6.6 100.0 2.4 89.9 7.8 1.3 0.6 7.1 1.2 5.9 100.0 2.7 88.8 8.6 1.3 (0.1) 7.2 1.1 6.0 (percent of net sales) 100.0 2.8 89.1 8.1 1.4 0.1 6.8 1.1 5.6 (percent) 100.0 2.9 90.2 6.9 1.6 0.0 5.3 1.1 4.2 100.0 2.8 89.8 7.3 1.7 0.5 6.1 1.0 5.2 100.0 2.8 88.1 9.2 1.8 0.0 7.3 1.5 5.8 40.97 37.03 18.48 16.70 32.09 27.36 14.84 12.66 9.99 6.21 4.46 2.77 38.83 34.99 17.62 15.88 38.07 34.72 17.63 16.07 29.78 25.56 13.51 11.59 36.89 31.51 15.99 13.66 13.97 9.48 6.06 4.11 31.13 26.07 15.06 12.61 30.18 24.93 14.16 11.70 28.62 24.06 13.04 10.96 25.94 21.59 11.68 9.72 21.23 16.89 9.40 7.48 23.82 20.04 10.29 8.66 28.33 22.39 13.03 10.29 2.18 0.46 1.36 2.24 0.52 1.46 2.10 0.45 1.34 2.06 0.43 1.44 2.18 0.43 1.45 1.98 0.30 1.43 2.00 0.34 1.24 1.94 0.34 1.25 2.10 0.39 1.61 2.17 0.40 1.48 1.94 0.35 1.50 1.92 0.33 1.43 1.96 0.37 1.35 1.95 0.33 1.26 2.01 0.33 1.40 71 U.S. Census Bureau TABLE 18.1—BALANCE SHEET FOR CORPORATIONS INCLUDED IN MANUFACTURING, BY ASSET SIZE All Durable Manufacturing Industries1 Item 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Trade accounts and trade notes receivable (less allowances for doubtful 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 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 accrued expenses . . . . . . . . . . Total current liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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, 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 Prior 2 2Q 1999 3Q 1999 (million dollars) 4Q 1999 1Q 2000 2Q 2000 60,288 15,987 76,276 66,360 142,635 305,066 290,762 119,196 857,659 964,059 31,627 508,531 487,156 862,307 2,207,121 64,256 16,170 80,426 74,598 155,025 306,403 293,434 119,049 873,911 972,652 31,262 513,437 490,477 902,241 2,266,629 65,667 18,234 83,901 74,036 157,937 295,717 288,080 127,519 869,254 982,282 32,578 512,280 502,580 946,358 2,318,192 75,518 16,466 91,984 74,102 166,086 309,958 300,583 135,163 911,791 993,663 33,053 519,710 507,006 988,899 2,407,695 84,314 15,452 99,766 75,233 174,999 318,271 303,056 136,924 933,249 1,001,797 33,535 523,493 511,838 1,037,058 2,482,145 37,531 65,015 184,419 26,413 16,284 13,903 293,927 637,492 160,882 254,314 306,399 1,359,088 331,216 516,817 848,033 2,207,121 37,243 56,467 192,737 28,237 16,353 14,261 301,760 647,059 170,934 265,214 312,790 1,395,996 337,053 533,580 870,633 2,266,629 37,691 56,630 194,682 28,710 18,459 15,542 301,530 653,244 167,623 270,519 317,815 1,409,201 356,509 552,481 908,990 2,318,192 41,943 61,242 199,949 31,168 17,966 18,163 289,456 659,887 174,711 279,135 325,688 1,439,421 390,704 577,570 968,274 2,407,695 41,542 66,954 201,738 31,429 19,541 18,442 288,994 668,640 179,036 286,697 327,304 1,461,677 427,637 592,831 1,020,468 2,482,145 220,166 226,852 216,009 251,904 264,609 (percent of total assets) 6.5 13.8 13.2 38.9 22.1 6.0 28.9 18.8 61.6 38.4 6.8 13.5 12.9 38.6 21.6 5.5 28.5 19.2 61.6 38.4 6.8 12.8 12.4 37.5 21.7 5.5 28.2 18.9 60.8 39.2 6.9 12.9 12.5 37.9 21.1 5.8 27.4 18.8 59.8 40.2 7.1 12.8 12.2 37.6 20.6 5.9 26.9 18.8 58.9 41.1 quarters’ data are revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. Revised to reflect additional information and/or corrections submitted by respondents subsequent to last quarter’s publication. 72 U.S. Census Bureau Durable Manufacturing Industries Assets Under $5 Million 2Q 1999 3Q 19992 4Q 19992 1Q 20002 2Q 2000 2Q 1999 Durable Manufacturing Industries Assets $5 Million to $10 Million 3Q 19992 4Q 19992 1Q 20002 2Q 2000 Durable Manufacturing Industries Assets $10 Million to $25 Million1 2Q 1999 3Q 1999 4Q 1999 1Q 2000 2Q 2000 (million dollars) 8,871 659 9,530 1,476 11,006 20,752 17,230 2,683 51,671 59,621 1,290 39,064 21,848 3,594 77,113 9,154 895 10,049 1,668 11,717 19,844 16,562 2,618 50,741 60,382 1,299 40,330 21,352 3,247 75,339 8,369 890 9,259 1,317 10,576 19,989 16,557 2,455 49,576 61,106 1,269 40,090 22,285 3,263 75,125 8,157 1,048 9,204 1,471 10,675 20,601 16,754 2,457 50,487 61,609 1,181 39,882 22,909 3,147 76,543 8,077 859 8,937 1,146 10,083 20,750 17,883 2,430 51,147 61,375 1,136 40,337 22,174 3,584 76,904 2,417 343 2,760 866 3,626 9,871 9,329 1,426 24,252 24,248 677 14,469 10,455 1,754 36,462 (million dollars) 2,765 436 3,201 945 4,146 10,157 8,759 946 24,008 24,800 620 14,627 10,793 1,939 36,740 2,537 366 2,903 1,118 4,021 8,726 8,963 1,144 22,854 24,365 778 14,065 11,078 1,606 35,538 2,804 484 3,289 1,348 4,637 9,713 9,483 1,235 25,068 25,245 756 15,082 10,918 1,843 37,829 2,432 352 2,783 1,680 4,463 9,408 9,340 1,121 24,332 22,893 697 13,843 9,747 1,790 35,869 3,535 585 4,120 1,611 5,731 11,847 12,756 1,778 32,112 30,174 807 16,916 14,065 3,687 49,864 (million dollars) 3,417 613 4,030 1,776 5,806 12,935 13,084 1,692 33,518 31,522 887 17,751 14,658 5,238 53,413 3,615 736 4,351 1,831 6,182 12,416 12,564 1,634 32,795 31,887 1,036 18,035 14,888 4,911 52,594 3,384 648 4,032 1,490 5,522 13,604 11,927 2,034 33,088 31,876 1,140 17,870 15,147 4,609 52,844 3,441 809 4,250 1,435 5,685 14,367 12,425 1,709 34,186 34,926 1,188 19,736 16,377 4,629 55,191 4,624 1,000 9,823 252 1,890 1,251 4,838 23,679 7,829 9,069 1,753 42,331 10,965 23,817 34,782 77,113 4,354 1,060 9,465 406 1,785 929 4,647 22,647 8,475 7,336 2,035 40,493 10,735 24,111 34,846 75,339 4,445 974 9,541 321 2,065 849 5,383 23,578 9,557 7,096 1,373 41,604 12,452 21,068 33,521 75,125 4,253 1,006 10,732 344 2,036 915 5,273 24,559 9,150 6,778 1,309 41,796 8,010 26,736 34,747 76,543 3,964 962 10,226 401 1,991 1,032 4,910 23,486 8,500 8,101 1,211 41,298 8,612 26,994 35,606 76,904 2,914 348 4,707 141 860 355 2,931 12,256 4,820 2,264 585 19,925 4,772 11,765 16,537 36,462 3,158 327 4,353 178 934 274 2,809 12,033 5,245 2,960 573 20,811 4,241 11,688 15,929 36,740 2,806 459 4,243 175 712 482 2,886 11,763 4,282 3,557 524 20,126 4,433 10,979 15,412 35,538 2,772 247 4,654 231 873 328 2,832 11,936 4,156 2,960 475 19,527 5,469 12,833 18,302 37,829 2,690 183 4,279 247 817 382 2,635 11,232 4,026 3,307 471 19,036 5,104 11,729 16,833 35,869 3,395 688 6,331 215 1,446 440 4,034 16,549 5,837 3,362 1,404 27,153 8,607 14,105 22,712 49,864 3,657 696 6,585 276 1,628 418 4,238 17,498 6,323 4,045 1,499 29,365 9,500 14,549 24,048 53,413 3,235 619 6,299 213 1,745 397 4,200 16,709 6,655 4,553 1,387 29,304 8,267 15,023 23,290 52,594 3,658 585 6,321 202 1,603 599 3,986 16,953 6,001 5,618 1,437 30,009 9,191 13,644 22,835 52,844 3,666 558 6,108 258 1,581 490 4,384 17,046 6,750 5,018 1,007 29,821 9,055 16,316 25,371 55,191 27,992 28,094 25,999 25,927 27,661 11,996 11,975 11,091 13,131 13,100 15,563 16,020 16,086 16,135 17,140 (percent of total assets) (percent of total assets) (percent of total assets) 14.3 26.9 22.3 67.0 28.3 11.4 30.7 21.9 54.9 45.1 15.6 26.3 22.0 67.3 28.3 10.8 30.1 21.0 53.7 46.3 14.1 26.6 22.0 66.0 29.7 11.1 31.4 22.2 55.4 44.6 13.9 26.9 21.9 66.0 29.9 10.7 32.1 20.8 54.6 45.4 13.1 27.0 23.3 66.5 28.8 10.3 30.5 21.6 53.7 46.3 9.9 27.1 25.6 66.5 28.7 12.3 33.6 19.4 54.6 45.4 11.3 27.6 23.8 65.3 29.4 12.8 32.8 22.3 56.6 43.4 11.3 24.6 25.2 64.3 31.2 12.5 33.1 22.1 56.6 43.4 12.3 25.7 25.1 66.3 28.9 11.2 31.6 18.8 51.6 48.4 12.4 26.2 26.0 67.8 27.2 11.4 31.3 20.4 53.1 46.9 11.5 23.8 25.6 64.4 28.2 12.0 33.2 18.4 54.5 45.5 10.9 24.2 24.5 62.8 27.4 12.0 32.8 19.4 55.0 45.0 11.8 23.6 23.9 62.4 28.3 11.4 31.8 21.3 55.7 44.3 10.5 25.7 22.6 62.6 28.7 12.2 32.1 22.0 56.8 43.2 10.3 26.0 22.5 61.9 29.7 11.4 30.9 21.3 54.0 46.0 73 U.S. Census Bureau TABLE 19.0—INCOME STATEMENT FOR CORPORATIONS INCLUDED IN SIC MAJOR GROUP 20 AND 21, ASSETS $25 MILLION AND OVER Food and Kindred Products1 Item 2Q 1999 3Q 1999 (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 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 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Less: 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 noncash 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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .