[Economic Report of the President (1999)]
[Administration of William J. Clinton]
[Online through the Government Printing Office, www.gpo.gov]



CORPORATE PROFITS AND FINANCE


[[Page 431]]


Table B-90.--Corporate profits with inventory valuation and capital consumption adjustments, 1959-98
[Billions of dollars; quarterly data at seasonally adjusted annual rates]
----------------------------------------------------------------------------------------------------------------
Corporate profits after tax with
inventory  valuation and capital
Corporate                      consumption adjustments
profitswith              ------------------------------------
inventory    Corporate                         Undistributed
Year or quarter                    valuation     profits                           profits with
andcapital      tax                              inventory
consumption   liability     Total    Dividends  valuation and
adjustments                                        capital
consumption
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       66.7         52.5
1983.............................................        235.2         77.2      157.9       74.4         83.6
1984.............................................        290.1         94.0      196.1       79.3        116.8
1985.............................................        304.0         96.5      207.5       83.9        123.6
1986.............................................        293.8        106.5      187.3       91.4         95.9
1987.............................................        333.2        127.1      206.1       96.0        110.0
1988.............................................        382.1        137.0      245.1      111.1        134.0
1989.............................................        380.0        141.3      238.7      134.4        104.3

1990.............................................        397.1        140.5      256.6      143.9        112.7
1991.............................................        411.3        133.4      277.9      147.2        130.8
1992.............................................        428.0        143.0      285.0      147.9        137.1
1993.............................................        492.8        165.2      327.6      157.6        170.1
1994.............................................        570.5        186.6      383.8      182.4        201.4
1995.............................................        672.4        211.0      461.4      205.3        256.1
1996.............................................        750.4        226.1      524.3      261.9        262.4
1997.............................................        817.9        246.1      571.8      275.1        296.7

1993:I...........................................        459.2        149.2      309.9      150.7        159.2
II...........................................        478.2        165.4      312.8      154.5        158.3
III..........................................        492.8        161.2      331.5      159.8        171.8
IV...........................................        541.2        184.9      356.3      165.4        191.0

1994:I...........................................        512.0        163.0      348.9      170.2        178.7
II...........................................        562.0        182.8      379.3      178.1        201.2
III..........................................        590.1        194.6      395.5      186.0        209.5
IV...........................................        617.7        206.2      411.5      195.3        216.2

1995:I...........................................        629.3        202.9      426.4      197.1        229.3
II...........................................        653.9        207.6      446.3      199.0        247.3
III..........................................        698.6        219.1      479.4      204.4        275.0
IV...........................................        707.8        214.3      493.5      220.7        272.7

1996:I...........................................        735.9        223.9      512.0      247.6        264.4
II...........................................        748.3        228.6      519.7      257.1        262.6
III..........................................        755.4        227.7      527.7      269.1        258.7
IV...........................................        762.0        224.2      537.8      273.6        264.2

1997:I...........................................        794.3        238.8      555.5      274.1        281.4
II...........................................        815.5        241.9      573.6      274.7        299.0
III..........................................        840.9        254.2      586.7      275.1        311.5
IV...........................................        820.8        249.3      571.4      276.4        295.0

1998:I...........................................        829.2        239.9      589.3      277.3        312.0
II...........................................        820.6        241.6      579.0      278.1        300.9
III..........................................        827.0        243.2      583.7      279.0        304.8
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Source: Department of Commerce, Bureau of Economic Analysis.