Federal Reserve Statistical Release, Z.1,
 Flow of Funds Accounts of the United States; title with eagle logo links to Statistical Release home page

Release Date: March 10, 2016
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F.103 Nonfinancial Corporate Business

Billions of dollars; quarterly figures are seasonally adjusted annual rates


Description
2010
2011
2012
2013
2014
2015
2014
Q4
2015
Q1
2015
Q2
2015
Q3
2015
Q4

Line
Nonfinancial corporate business; corporate profits before tax excluding IVA and CCAdj 1039.2 1009.0 1241.4 1323.2 1366.1 1469.9 1365.2 1436.8 1532.4 1485.4 1424.9 1
Nonfinancial corporate business; taxes on corporate income 220.6 228.8 266.7 284.6 316.2 354.3 324.2 341.4 362.3 353.4 360.0 2
Nonfinancial corporate business; net dividends paid 375.5 441.0 517.9 525.2 573.8 583.7 577.9 588.6 579.7 589.4 577.1 3
Nonfinancial corporate business; capital consumption allowance 1077.3 1236.1 1107.0 1141.7 1192.2 1055.4 1211.7 1031.4 1052.6 1059.6 1077.7 4
Nonfinancial corporate business; U.S. internal funds, book 1520.4 1575.2 1563.8 1655.1 1668.3 1587.3 1674.7 1538.2 1643.1 1602.2 1565.5 5
Nonfinancial corporate business; foreign earnings retained abroad 218.2 215.1 189.8 222.1 236.1 220.8 239.4 259.7 238.9 209.5 175.0 6
Nonfinancial corporate business; inventory valuation adjustment (IVA) -41.0 -68.3 -14.2 3.2 -2.9 54.3 53.5 99.2 20.5 56.5 41.0 7
Nonfinancial corporate business; net capital transfers paid 20.9 -6.4 -17.0 -5.7 -6.7 -3.2 -8.1 -3.0 -4.3 -3.7 -1.9 8
Nonfinancial corporate business; gross saving including foreign earnings retained abroad less net capital transfers paid 1676.7 1728.5 1756.4 1886.1 1908.2 1865.6 1975.8 1900.1 1906.9 1871.9 1783.5 9
Nonfinancial corporate business; gross investment 1380.6 934.3 1022.1 1602.6 1678.0 1902.9 1660.0 1661.3 2091.9 1980.3 1878.3 10
Nonfinancial corporate business; total capital expenditures 1235.4 1331.9 1501.2 1539.4 1667.3 1785.7 1706.3 1738.7 1906.1 1746.3 1751.7 11
Nonfinancial corporate business; gross fixed investment 1178.6 1297.4 1434.7 1483.2 1602.9 1664.8 1633.1 1634.7 1678.2 1669.3 1676.8 12
Nonfinancial corporate business; inventories including IVA 57.9 34.9 65.8 55.2 63.2 91.5 73.4 104.8 107.8 77.7 75.7 13
Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) -1.1 -0.5 0.8 1.0 1.2 29.4 -0.2 -0.8 120.1 -0.7 -0.8 14
Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) 145.2 -397.5 -479.1 63.2 10.7 117.2 -46.3 -77.3 185.8 234.0 126.6 15
Nonfinancial corporate business; total financial assets 632.7 496.8 506.3 989.5 809.8 936.5 907.0 890.2 1084.6 999.4 771.9 16
Nonfinancial corporate business; private foreign deposits; asset 9.1 -5.8 0.6 42.1 -14.7 -25.1 -27.6 -65.2 19.8 -73.6 18.5 17
Nonfinancial corporate business; checkable deposits and currency; asset 79.6 30.8 -45.5 63.5 36.7 61.7 18.2 64.6 136.0 54.4 -8.3 18
Nonfinancial corporate business; total time and savings deposits; asset 59.9 13.2 33.3 35.8 -15.7 -42.2 10.6 -125.2 -47.9 -28.2 32.3 19
Nonfinancial corporate business; money market mutual fund shares; asset -157.7 -35.4 57.1 39.7 21.0 6.2 164.2 -66.8 -8.7 38.8 61.5 20
Nonfinancial corporate business; security repurchase agreements; asset 4.3 0.4 -2.9 -1.0 12.5 -0.9 2.0 -4.2 6.4 -18.3 12.3 21
Nonfinancial corporate business; debt securities; asset 15.6 -8.5 -12.5 -13.2 -8.6 -13.5 0.7 -37.8 -15.6 -11.2 10.5 22
Nonfinancial corporate business; commercial paper; asset 12.0 -0.1 -8.4 -6.6 0.7 -6.2 2.4 -8.8 2.3 -9.2 -9.0 23
Nonfinancial corporate business; Treasury securities; asset 5.1 -5.1 -3.5 -0.6 -3.6 -6.1 -1.5 -27.2 -10.5 0.6 12.6 24
Nonfinancial corporate business; agency- and GSE-backed securities; asset 1.7 -1.7 -1.2 -4.2 2.8 -2.0 -0.5 -9.1 -3.5 0.2 4.2 25
Nonfinancial corporate business; municipal securities; asset -3.2 -1.6 0.6 -1.7 -8.4 0.8 0.3 7.2 -3.9 -2.8 2.7 26
Nonfinancial corporate business; loans; asset -4.1 1.4 -0.4 -2.6 0.3 0.8 -13.1 1.5 20.1 -7.8 -10.5 27
Nonfinancial corporate business; total mortgages; asset -1.6 -0.6 -1.9 1.6 1.6 1.6 1.6 1.6 1.6 1.6 1.6 28
Nonfinancial corporate business; consumer credit; asset -2.5 2.0 1.5 -4.2 -1.3 -0.7 -14.7 -0.1 18.5 -9.4 -12.1 29
Nonfinancial corporate business; mutual fund shares; asset 11.1 -12.8 -1.7 1.2 15.5 15.5 15.5 15.5 15.5 15.5 15.5 30
Nonfinancial corporate business; trade receivables; asset 96.9 83.7 52.0 261.2 109.9 -17.1 95.5 -35.2 -6.8 -12.6 -14.0 31
Nonfinancial corporate business; U.S. direct investment abroad; asset 303.3 403.9 319.2 305.0 311.0 258.8 441.1 294.1 279.8 232.5 229.0 32
Nonfinancial corporate business; total miscellaneous assets 214.8 25.8 107.1 257.8 342.0 692.5 199.9 848.8 686.0 809.9 425.2 33
Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset 11.7 12.3 8.0 -6.0 10.2 2.2 1.6 -6.4 8.2 11.7 -4.8 34
Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset 0.1 -0.0 0.0 0.0 0.1 -0.0 0.1 0.3 -0.1 0.0 -0.3 35
Nonfinancial corporate business; equity investment in finance company subsidiaries; asset 26.7 8.4 2.6 14.7 14.1 -4.0 0.7 -7.3 -15.7 -1.5 8.6 36
Nonfinancial corporate business; unidentified miscellaneous assets 176.3 5.2 96.5 249.0 317.6 694.3 197.5 862.3 693.6 799.6 421.7 37
Nonfinancial corporate business; total liabilities 487.6 894.3 985.4 926.3 799.0 819.3 953.3 967.5 898.8 765.4 645.3 38
Nonfinancial corporate business; debt securities; liability 237.2 203.6 352.7 302.8 304.0 410.6 343.0 417.3 597.2 398.4 229.3 39
Nonfinancial corporate business; commercial paper; liability 24.5 33.4 14.0 14.2 37.5 -5.4 -3.7 -61.2 -53.2 70.3 22.5 40
Nonfinancial corporate business; municipal securities; liability 33.2 8.5 15.2 9.3 -0.1 15.9 9.7 31.2 36.6 8.7 -12.9 41
Nonfinancial corporate business; corporate bonds; liability 179.5 161.6 323.5 279.2 266.6 400.1 337.1 447.4 613.8 319.4 219.7 42
Nonfinancial corporate business; loans; liability -288.4 131.9 -47.5 121.1 191.2 65.0 139.9 232.3 75.5 -33.1 -14.9 43
Nonfinancial corporate business; depository institution loans n.e.c.; liability -87.0 152.1 101.5 63.7 92.8 77.6 61.7 126.7 71.7 74.8 37.2 44
Nonfinancial corporate business; other loans and advances; liability -90.4 60.2 -33.5 53.1 82.5 -43.1 83.3 68.9 -40.7 -111.9 -88.8 45
Nonfinancial corporate business; total mortgages; liability -110.9 -80.4 -115.4 4.4 15.9 30.5 -5.0 36.7 44.4 4.0 36.7 46
Nonfinancial corporate business; corporate equities; liability -250.7 -454.6 -344.9 -352.9 -392.2 -564.3 -359.6 -591.4 -490.4 -626.2 -549.2 47
Nonfinancial corporate business; trade payables; liability 156.3 25.2 65.4 101.3 66.2 -36.5 58.5 -3.3 25.5 -109.8 -58.4 48
Nonfinancial corporate business; taxes payable; liability 7.2 8.8 2.3 -9.1 -0.3 7.2 -12.4 18.5 17.9 -15.2 7.4 49
Nonfinancial corporate business; foreign direct investment in U.S.; liability 157.0 192.7 188.3 184.9 97.1 336.6 200.8 763.4 310.3 121.9 150.8 50
Nonfinancial corporate business; total miscellaneous liabilities 468.9 786.8 769.1 578.2 533.0 600.8 583.0 130.6 362.8 1029.4 880.2 51
Private pension funds; pension fund contributions receivable; asset 15.4 3.0 -12.3 -2.5 -1.1 2.8 -2.0 6.7 1.1 -0.1 3.4 52
Private defined benefit pension funds; claims of pension fund on sponsor; asset -32.1 -19.5 -11.6 110.9 54.2 43.3 108.9 -21.4 51.3 56.5 86.7 53
Nonfinancial corporate business; unidentified miscellaneous liabilities 485.6 803.3 793.0 469.8 479.9 554.7 476.1 145.3 310.4 973.0 790.1 54
Nonfinancial corporate business; sector discrepancy 296.1 794.2 734.3 283.5 230.1 -37.3 315.8 238.8 -185.0 -108.4 -94.8 55
Nonfinancial corporate business; capital expenditures less the sum of U.S. internal funds and IVA (financing gap) -244.0 -175.1 -48.4 -118.9 1.9 144.1 -22.0 101.3 242.4 87.6 145.1 56

NOTES

  1. Consumption of fixed capital plus the capital consumption adjustment.
  2. Table F.5, line 58.
  3. Nonresidential fixed investment plus residential fixed investment, shown in table F.2, lines 10 and 15 respectively.
  4. Through 1992:Q4, corporate bonds include net issues by Netherlands Antillean financial subsidiaries, and U.S. direct investment abroad excludes net inflows from those bond issues.
  5. Industrial revenue bonds issued by state and local governments to finance private investment and secured in interest and principal by the industrial user of the funds.
  6. Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table F.216.
  7. Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
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