[Economic Report of the President (1998)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]


CORPORATE PROFITS AND FINANCE


Table B-90.--Corporate profits with inventory valuation and capital consumption adjustments, 1959-97
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
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Corporate profits after tax with
inventory  valuation and capital
Corporate                      consumption adjustments
profits                ------------------------------------
with      Corporate                         Undistributed
Year or quarter                    inventory     profits                           profits with
valuation       tax                              inventory
and       liability     Total    Dividends  valuation and
capital                                          capital
consumption                                      consumption
adjustments                                      adjustments
----------------------------------------------------------------------------------------------------------------
1959.............................................         52.9         23.6       29.2       12.7         16.5

1960.............................................         51.4         22.7       28.7       13.4         15.3
1961.............................................         52.5         22.8       29.7       14.0         15.7
1962.............................................         60.5         24.0       36.5       15.0         21.5
1963.............................................         66.3         26.2       40.1       16.1         24.0
1964.............................................         73.3         28.0       45.3       18.0         27.3
1965.............................................         84.1         30.9       53.3       20.2         33.1
1966.............................................         89.8         33.7       56.2       20.9         35.2
1967.............................................         87.4         32.7       54.7       22.1         32.7
1968.............................................         94.2         39.4       54.9       24.6         30.2
1969.............................................         90.9         39.7       51.3       25.2         26.0

1970.............................................         78.7         34.4       44.4       23.7         20.7
1971.............................................         92.0         37.7       54.3       23.7         30.5
1972.............................................        106.7         41.9       64.8       25.8         39.0
1973.............................................        120.1         49.3       70.8       28.1         42.7
1974.............................................        109.2         51.8       57.4       30.4         27.0
1975.............................................        128.2         50.9       77.3       30.1         47.2
1976.............................................        154.9         64.2       90.7       35.9         54.8
1977.............................................        184.3         73.0      111.3       40.8         70.5
1978.............................................        209.0         83.5      125.5       46.0         79.5
1979.............................................        213.1         88.0      125.1       52.5         72.6

1980.............................................        188.3         84.8      103.5       59.3         44.1
1981.............................................        207.0         81.1      125.9       69.5         56.4
1982.............................................        182.3         63.1      119.2       69.8         49.4
1983.............................................        235.2         77.2      157.9       80.8         77.2
1984.............................................        290.1         94.0      196.1       83.2        112.8
1985.............................................        304.0         96.5      207.5       92.8        114.7
1986.............................................        293.8        106.5      187.3      110.2         77.1
1987.............................................        333.2        127.1      206.1      107.0         99.1
1988.............................................        382.1        137.0      245.1      116.8        128.3
1989.............................................        380.0        141.3      238.7      138.9         99.7

1990.............................................        397.1        140.5      256.6      151.9        104.7
1991.............................................        411.3        133.4      277.9      163.1        114.8
1992.............................................        428.0        143.0      285.0      169.5        115.5
1993.............................................        492.8        165.2      327.6      195.8        131.9
1994.............................................        570.5        186.6      383.8      216.2        167.6
1995.............................................        650.0        213.2      436.7      264.4        172.4
1996.............................................        735.9        229.0      506.9      304.8        202.1

1992: I..........................................        444.2        143.9      300.3      162.1        138.2
II.........................................        437.2        150.9      286.3      164.6        121.7
III........................................        376.1        127.6      248.5      170.9         77.6
IV.........................................        454.6        149.7      304.9      180.4        124.5

1993: I..........................................        459.2        149.2      309.9      188.0        121.9
II.........................................        478.2        165.4      312.8      192.5        120.3
III........................................        492.8        161.2      331.5      198.3        133.2
IV.........................................        541.2        184.9      356.3      204.2        152.1

1994: I..........................................        512.0        163.0      348.9      203.2        145.8
II.........................................        562.0        182.8      379.3      211.6        167.7
III........................................        590.1        194.6      395.5      220.0        175.5
IV.........................................        617.7        206.2      411.5      230.2        181.3

1995: I..........................................        613.2        209.6      403.6      255.5        148.1
II.........................................        628.0        209.1      418.9      260.8        158.1
III........................................        672.8        218.8      454.0      266.8        187.2
IV.........................................        685.7        215.3      470.4      274.4        196.0

1996: I..........................................        717.7        226.2      491.5      300.7        190.8
II.........................................        738.5        232.2      506.3      303.7        202.6
III........................................        739.6        231.6      508.0      305.7        202.3
IV.........................................        747.8        226.0      521.8      309.1        212.6

1997: I..........................................        779.6        241.2      538.4      326.8        211.5
II.........................................        795.1        244.5      550.6      333.0        217.6
III........................................        827.3        258.2      569.1      339.1        230.0
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Source: Department of Commerce, Bureau of Economic Analysis.