[Economic Indicators May, 1996]
[Page Number 8]
[From the U.S. Government Publishing Office, www.gpo.gov]
CORPORATE PROFITS
In the first quarter of 1996, according to preliminary estimates,
corporate profits before tax rose $27.7 billion (annual rate) and
profits after tax rose $13.5 billion.
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[Billions of dollars; quarterly data at seasonally adjusted annual rates]
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Profits (before tax) with inventory valuation adjustment\1\ Profits after tax
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Domestic industries Profits Inventory
Period --------------------------------------------------------------------- before Tax valuation
Total\2\ Nonfinancial tax liability Total Dividends Undistributed adjustment
Total Financial ------------------------------------------------ profits
Total\3\ Manufacturing Wholesale Retail
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1986....................................... 234.0 199.3 36.4 162.9 60.2 22.9 23.7 222.6 106.5 116.1 110.2 5.8 11.4
1987....................................... 272.9 231.3 37.1 194.2 85.0 16.7 23.9 293.6 127.1 166.5 107.0 59.5 -20.7
1988....................................... 325.0 274.3 43.0 231.2 115.1 19.3 19.6 354.3 137.0 217.3 116.8 100.5 -29.3
1989....................................... 330.6 272.6 53.1 219.6 109.3 20.4 20.7 348.1 141.3 206.8 138.9 67.9 -17.5
1990....................................... 358.2 292.5 68.6 223.8 112.3 17.2 20.6 371.7 140.5 231.2 151.9 79.4 -13.5
1991....................................... 378.2 309.5 87.4 222.1 92.7 20.6 26.1 374.2 133.4 240.8 163.1 77.7 4.0
1992....................................... 398.9 334.0 83.7 250.3 96.3 23.0 32.2 406.4 143.0 263.4 169.5 93.9 -7.5
1993....................................... 457.7 388.1 91.0 297.2 109.7 25.5 39.2 464.3 163.8 300.5 197.3 103.3 -6.6
1994....................................... 514.9 453.7 94.4 359.3 142.7 34.5 42.2 528.2 195.3 332.9 211.0 121.9 -13.3
1995....................................... 572.7 494.1 119.1 375.0 145.7 29.6 38.7 600.8 218.7 382.1 227.4 154.7 -28.1
1990:IV.................................... 356.5 282.5 70.5 212.1 108.4 16.9 22.8 376.7 139.7 237.1 152.0 85.0 -20.3
1991:IV.................................... 375.2 303.6 87.6 216.1 83.8 17.0 28.6 382.8 135.2 247.6 165.3 82.2 -7.6
1992:IV.................................... 420.5 361.2 83.1 278.1 105.1 28.3 37.3 420.3 149.7 270.6 180.4 90.3 .2
1993:I..................................... 421.4 347.0 85.7 261.2 90.4 17.9 36.3 436.0 151.5 284.6 190.2 94.4 -14.6
II................................... 443.2 375.7 88.1 287.6 108.4 28.6 38.1 458.8 162.6 296.2 195.8 100.4 -15.6
III.................................. 465.9 393.1 88.8 304.3 106.0 27.0 42.4 458.0 159.3 298.6 200.2 98.4 7.9
IV................................... 500.4 436.8 101.3 335.4 134.0 28.7 39.8 504.5 181.7 322.7 202.9 119.8 -4.0
1994:I..................................... 467.8 407.0 64.9 342.1 145.3 28.8 38.3 471.7 171.4 300.3 204.4 95.9 -3.9
II................................... 513.4 452.4 97.8 354.6 134.2 39.5 43.2 523.2 192.8 330.4 208.8 121.7 -9.8
III.................................. 531.0 469.9 108.4 361.5 142.8 34.3 43.7 547.5 203.4 344.1 212.5 131.6 -16.5
IV................................... 547.6 485.5 106.4 379.0 148.4 35.4 43.6 570.4 213.5 356.8 218.5 138.3 -22.8
1995:I..................................... 542.2 467.5 114.3 353.2 134.7 29.7 36.0 594.1 217.3 376.8 221.7 155.1 -51.9
II................................... 546.1 468.2 112.6 355.6 137.8 26.4 36.6 588.4 214.2 374.1 224.6 149.6 -42.3
III.................................. 600.3 527.1 130.4 396.7 153.2 31.2 42.5 609.6 224.5 385.1 228.5 156.6 -9.3
IV................................... 602.2 513.7 119.3 394.4 157.3 31.2 39.6 611.0 218.7 392.3 234.7 157.6 -8.8
1996:Ip.................................... 622.6 541.8 135.5 406.3 ............. ......... ......... 638.7 233.0 405.8 239.9 165.9 r-16.1
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\1\See p. 4 for profits with
inventory valuation and capital
consumption adjustments.
\2\Includes rest of the world,
not shown separately.
\3\Includes industries not shown
separately.
Source: Department of Commerce,
Bureau of Economic Analysis.