[Economic Indicators January, 2003]
[Page Number 8]
[From the U.S. Government Publishing Office, www.gpo.gov]
CORPORATE PROFITS
In the third quarter of 2002, according to current estimates, corporate
profits before tax rose $10.6 billion (annual rate) and profits after
tax rose $9.5 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 Tax Inventory
Period Nonfinancial before liability Divi- Undistributed valuation
Total \2\ ------------------------------------------------------ tax Total dends profits adjustment
Total Financial Manufac- Transpor- Whole-
Total \3\ turing tation\4\ sale Retail
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1993 .................................... 506.4 429.6 127.9 301.7 108.4 69.6 28.2 39.7 510.4 165.4 345.0 203.1 141.9 -4.0
1994 .................................... 561.0 483.7 114.7 369.0 139.6 82.9 33.1 46.6 573.4 186.7 386.7 234.9 151.8 -12.4
1995 .................................... 650.2 558.2 154.3 403.8 166.1 85.8 29.4 44.1 668.5 211.0 457.5 254.2 203.3 -18.3
1996 .................................... 729.4 628.6 165.3 463.3 181.2 91.4 42.6 52.9 726.3 223.6 502.7 297.7 205.0 3.1
1997 .................................... 800.8 690.2 185.7 504.5 195.2 85.0 49.2 63.9 792.4 237.2 555.2 335.2 220.0 8.4
1998..................................... 739.4 637.2 158.4 478.8 164.3 79.1 55.9 73.8 721.1 238.8 482.3 348.7 133.6 18.3
1999 .................................... 757.9 637.6 181.7 455.9 157.5 57.2 54.4 75.6 762.1 247.8 514.3 328.4 185.9 -4.2
2000 .................................... 767.3 624.0 201.0 423.0 159.8 36.6 62.1 73.4 782.3 259.4 522.9 376.1 146.8 -15.0
2001 .................................... 675.1 524.4 190.6 333.7 83.4 27.7 44.8 79.1 670.2 199.3 470.9 409.6 61.2 5.0
2002 p................................... ......... ....... ......... ......... ......... ......... ........ ......... ....... ......... ........ 434.3 ............. ..........
1999:I .................................. 760.5 647.1 175.1 471.9 159.1 63.9 57.4 79.4 744.4 243.1 501.3 332.0 169.2 16.0
II ................................ 750.5 635.0 170.2 464.8 161.0 53.3 53.7 79.8 752.9 246.0 506.9 323.7 183.2 -2.5
III ............................... 739.6 624.0 183.2 440.9 155.8 53.1 50.0 71.0 753.4 246.3 507.1 324.3 182.8 -13.8
IV ................................ 781.0 644.5 198.4 446.1 154.0 58.6 56.4 72.3 797.6 255.7 542.0 333.5 208.5 -16.6
2000:I .................................. 774.3 642.7 201.7 441.0 167.6 43.6 57.3 77.7 796.9 270.8 526.1 351.1 174.9 -22.6
II ................................ 784.2 642.7 193.1 449.7 176.1 35.7 66.7 74.1 800.5 267.3 533.3 369.7 163.6 -16.4
III ............................... 772.3 626.9 204.5 422.4 160.7 34.4 67.1 74.0 780.6 257.4 523.2 386.1 137.1 -8.3
IV ................................ 738.6 583.6 204.9 378.8 134.6 32.8 57.4 67.9 751.1 241.9 509.2 397.6 111.6 -12.5
2001:I .................................. 696.9 560.8 208.2 352.6 92.3 36.6 45.2 75.7 707.0 217.3 489.7 402.9 86.8 -10.1
II ................................ 714.0 553.6 191.6 362.0 99.2 34.3 41.0 77.8 720.2 213.1 507.1 406.5 100.7 -6.2
III ............................... 663.2 521.4 162.7 358.7 91.1 33.3 45.9 82.6 654.3 196.2 458.1 411.4 46.7 8.9
IV ................................ 626.3 461.6 200.1 261.5 50.9 6.5 46.9 80.5 599.1 170.6 428.5 417.7 10.8 27.2
2002:I .................................. 641.3 509.3 218.2 291.1 68.9 15.0 41.2 81.4 639.4 202.4 437.0 424.2 12.8 1.9
II ................................ 652.2 537.1 218.5 318.6 91.9 17.1 44.8 86.0 657.9 213.7 444.3 430.8 13.5 -5.7
III ............................... 653.4 537.3 216.1 321.2 100.5 13.2 44.5 82.5 668.5 214.7 453.8 437.7 16.1 -15.1
IV p............................... ......... ....... ......... ......... ......... ......... ........ ......... ....... ......... ........ 444.3 ............. ..........
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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.
\4\ Transportation and public
utilities.
Source: Department of Commerce,
Bureau of Economic Analysis.