[Economic Indicators October, 2009]
[Page Number 8]
[From the U.S. Government Publishing Office, www.gpo.gov]


 
CORPORATE PROFITS

In the second quarter of 2009, according to current estimates, corporate 
profits before tax rose $90.6 billion (annual rate) and profits after 
tax rose $55.0 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
                                          --------------------------------------------------------------------------------------                   ----------------------------------
                                                                                 Domestic industries                                        Taxes
                                                     ---------------------------------------------------------------------------  Profits     on                                       Inventory
                  Period                                                                       Nonfinancial                       before    corpo-              Net    Undistributed   valuation
                                           Total \2\                      ------------------------------------------------------    tax    rate in-   Total    divi-      profits     adjustment
                                                        Total   Financial              Manufac-    Utili-    Whole-                          come              dends
                                                                           Total \3\    turing      ties      sale      Retail
------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
1999 ....................................      776.6     655.0     189.3      465.7       148.8       33.7      54.8      65.7      780.5    258.8     521.7    337.4        184.3         -4.0
2000 ....................................      755.7     610.0     189.6      420.4       143.9       25.6      58.7      60.7      772.5    265.1     507.4    377.9        129.5        -16.8
2001 ....................................      720.8     551.1     228.0      323.1        49.7       25.2      51.3      72.6      712.7    203.3     509.4    370.9        138.5          8.0
2002 ....................................      762.8     604.9     265.2      339.7        47.7       12.3      49.1      81.6      765.3    192.3     573.0    399.3        173.8         -2.6
2003 ....................................      892.2     726.4     311.8      414.6        69.4       12.4      54.8      88.9      903.5    243.8     659.7    424.9        234.8        -11.3
2004 ....................................    1,195.1     990.1     362.3      627.8       154.1       19.4      75.6      93.4    1,229.4    306.1     923.3    550.3        373.0        -34.3
2005 ....................................    1,609.5   1,370.0     443.6      926.4       247.2       29.8      92.2     122.6    1,640.2    412.4   1,227.8    557.3        670.5        -30.7
2006 ....................................    1,784.7   1,527.8     448.0    1,079.9       304.5       54.4     103.7     133.2    1,822.7    473.3   1,349.5    704.8        644.7        -38.0
2007 ....................................    1,730.4   1,382.6     367.8    1,014.9       278.6       49.1     102.2     121.6    1,774.4    451.5   1,322.8    767.8        555.1        -44.0
2008 ....................................    1,424.5   1,047.3     278.9      768.4       175.5       40.1      75.1      78.2    1,462.7    292.2   1,170.6    689.9        480.7        -38.2
 
2006:I ..................................    1,781.9   1,535.0     466.5    1,068.5       294.4       45.2     104.4     132.3    1,815.3    460.7   1,354.6    646.4        708.2        -33.4
      II ................................    1,771.4   1,516.1     467.8    1,048.3       302.3       53.1     100.7     123.3    1,819.8    475.1   1,344.7    691.1        653.6        -48.4
      III ...............................    1,822.8   1,571.8     434.8    1,137.0       336.4       60.8     107.4     136.4    1,865.1    496.6   1,368.5    727.1        641.4        -42.3
      IV ................................    1,762.7   1,488.6     422.8    1,065.8       285.0       58.4     102.2     140.7    1,790.7    460.7   1,330.0    754.5        575.5        -28.0
 
2007:I  .................................    1,705.4   1,423.2     384.2    1,039.0       288.9       51.3     107.9     127.9    1,747.6    469.5   1,278.1    772.6        505.5        -42.2
      II ................................    1,779.1   1,467.9     406.2    1,061.7       316.0       46.6     117.0     137.2    1,808.6    466.5   1,342.1    778.1        564.0        -29.5
      III ...............................    1,732.9   1,362.4     378.2      984.2       244.0       47.3     107.9     118.7    1,758.2    440.0   1,318.2    770.6        547.6        -25.3
      IV ................................    1,704.1   1,277.0     302.5      974.5       265.7       51.2      76.0     102.4    1,783.1    430.1   1,353.0    749.9        603.2        -79.0
 
2008:I  .................................    1,512.9   1,100.6     357.0      743.6       187.6       33.1      46.6      75.6    1,620.8    323.2   1,297.6    719.4        578.2       -107.9
      II ................................    1,463.8   1,096.8     330.8      766.0       160.1       43.1      56.6      80.2    1,593.5    317.5   1,276.0    693.7        582.3       -129.6
      III ...............................    1,522.2   1,125.0     297.5      827.5       205.7       43.5      85.8      77.1    1,576.6    304.8   1,271.9    676.6        595.3        -54.5
      IV ................................    1,199.3     866.9     130.3      736.6       148.6       40.8     111.5      79.7    1,060.1    223.3     836.8    669.9        166.9        139.2
 
2009:I  .................................    1,327.6   1,011.9     253.9      758.0       121.6       53.6      94.0      83.1    1,246.5    270.3     976.1    618.1        358.0         81.1
      II ................................    1,355.1   1,053.9     280.7      773.3       132.3       53.4      87.5      95.1    1,337.1    305.9   1,031.1    556.0        475.1         18.1
      III p..............................  .........  ........  .........  .........  .........  .........  ........  .........  ........  .......  ........    527.4  .............  ..........
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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.
    Note:--Data by industry 
beginning 1998 are based on the 1997 
North American Industry 
Classification System (NAICS).

    Source: Department of Commerce, 
Bureau of Economic Analysis.