Financial Accounts of the United States - Z.1
F.103 Nonfinancial Corporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates| Description | Series code | 2013 | 2014 | 2015 | 2016 | 2016 Q1 | 2016 Q2 | 2016 Q3 | 2016 Q4 | 2017 Q1 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; corporate profits before tax excluding IVA and CCAdj | FA106060005 | 1314.8 | 1371.6 | 1258.6 | 1270.7 | 1229.3 | 1288.5 | 1299.9 | 1265.3 | 1282.1 | 1 |
| Nonfinancial corporate business; taxes on corporate income | FA106231005 | 283.6 | 313.7 | 308.1 | 321.5 | 312.7 | 321.4 | 329.8 | 322.2 | 323.1 | 2 |
| Nonfinancial corporate business; net dividends paid | FA106121075 | 531.9 | 579.6 | 608.0 | 616.7 | 626.8 | 613.7 | 605.5 | 621.0 | 649.7 | 3 |
| Nonfinancial corporate business; capital consumption allowance (1) | FA106300015 | 1138.7 | 1203.6 | 1266.1 | 1306.9 | 1290.2 | 1301.2 | 1311.4 | 1325.0 | 1336.9 | 4 |
| Nonfinancial corporate business; U.S. internal funds, book | FA106000135 | 1638.0 | 1682.0 | 1608.5 | 1639.4 | 1580.1 | 1654.5 | 1676.0 | 1647.2 | 1646.2 | 5 |
| Nonfinancial corporate business; foreign earnings retained abroad | FA106006065 | 226.2 | 228.1 | 216.2 | 218.8 | 208.1 | 216.7 | 202.6 | 248.0 | 283.1 | 6 |
| Nonfinancial corporate business; inventory valuation adjustment (IVA) | FA105020601 | 3.3 | 3.0 | 54.8 | -5.7 | 61.2 | -53.5 | -2.0 | -28.7 | -62.3 | 7 |
| Nonfinancial corporate business; net capital transfers paid (2) | FA105440005 | -5.7 | -6.7 | -3.2 | 2.6 | -1.7 | -1.6 | -1.6 | 15.4 | -2.3 | 8 |
| Nonfinancial corporate business; gross saving including foreign earnings retained abroad less net capital transfers paid | FA106000105 | 1873.2 | 1919.8 | 1882.8 | 1849.9 | 1851.0 | 1819.3 | 1878.2 | 1851.1 | 1869.4 | 9 |
| Nonfinancial corporate business; gross investment | FA105090005 | 1628.0 | 1219.0 | 1899.4 | 1790.6 | 1908.8 | 1749.3 | 1755.8 | 1748.5 | 1888.4 | 10 |
| Nonfinancial corporate business; total capital expenditures | FA105050005 | 1565.0 | 1677.4 | 1765.7 | 1669.9 | 1678.0 | 1655.9 | 1649.4 | 1696.5 | 1718.2 | 11 |
| Nonfinancial corporate business; gross fixed investment (3) | FA105019005 | 1490.0 | 1617.7 | 1654.6 | 1640.4 | 1637.8 | 1633.5 | 1643.4 | 1646.9 | 1713.0 | 12 |
| Nonfinancial corporate business; inventories including IVA | FA105020005 | 73.6 | 57.9 | 81.2 | 21.6 | 40.8 | -9.5 | 5.1 | 50.2 | 5.9 | 13 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FA105420005 | 1.4 | 1.8 | 29.9 | 7.9 | -0.6 | 31.9 | 0.9 | -0.7 | -0.7 | 14 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) | FA105000005 | 63.1 | -458.4 | 133.8 | 120.6 | 230.8 | 93.4 | 106.4 | 52.0 | 170.2 | 15 |
| Nonfinancial corporate business; total financial assets | FA104090005 | 989.6 | 923.7 | 1451.7 | 1204.8 | 1197.1 | 1271.2 | 1315.2 | 1035.8 | 1038.1 | 16 |
| Nonfinancial corporate business; private foreign deposits; asset | FA103091003 | 42.1 | -7.8 | -17.4 | 4.1 | -45.2 | 48.5 | 14.0 | -0.7 | -4.0 | 17 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FA103020005 | 71.8 | 41.1 | 67.0 | 143.4 | 77.6 | 305.9 | 118.1 | 71.9 | 162.6 | 18 |
| Nonfinancial corporate business; total time and savings deposits; asset | FA103030003 | 35.8 | -18.0 | -16.2 | 38.8 | -2.1 | 10.2 | 172.9 | -25.8 | 9.2 | 19 |
| Nonfinancial corporate business; money market mutual fund shares; asset | FA103034003 | 31.4 | 21.9 | 18.6 | -89.0 | -109.1 | -87.3 | -98.5 | -61.0 | -36.0 | 20 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | -1.0 | 12.9 | 6.1 | 13.1 | -12.7 | -4.8 | 73.3 | -3.6 | -25.2 | 21 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | -13.2 | 11.5 | -5.4 | 24.8 | 36.1 | -8.7 | 74.2 | -2.3 | 3.0 | 22 |
| Nonfinancial corporate business; commercial paper; asset | FA103069100 | -6.6 | 3.7 | -1.5 | 4.6 | 0.8 | 25.8 | 7.3 | -15.6 | -10.1 | 23 |
| Nonfinancial corporate business; Treasury securities; asset | FA103061103 | -0.6 | 2.9 | -3.6 | 2.0 | 35.9 | -43.3 | 11.1 | 4.5 | 9.3 | 24 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FA103061703 | -4.2 | 5.0 | -1.2 | 0.7 | 12.0 | 5.6 | -16.3 | 1.5 | 3.1 | 25 |
| Nonfinancial corporate business; municipal securities; asset | FA103062003 | -1.7 | 0.1 | 0.9 | 17.5 | -12.6 | 3.2 | 72.2 | 7.3 | 0.8 | 26 |
| Nonfinancial corporate business; loans; asset | FA104023005 | -3.1 | 3.0 | 22.9 | 5.3 | 26.1 | -11.7 | -0.7 | 7.7 | 28.7 | 27 |
| Nonfinancial corporate business; total mortgages; asset | FA103065003 | 1.6 | 1.9 | 22.1 | 6.1 | 6.1 | 6.1 | 6.1 | 6.1 | 6.1 | 28 |
| Nonfinancial corporate business; consumer credit; asset | FA103066005 | -4.6 | 1.0 | 0.8 | -0.8 | 19.9 | -17.9 | -6.8 | 1.6 | 22.5 | 29 |
| Nonfinancial corporate business; mutual fund shares; asset | FA103064203 | 3.4 | 15.2 | 7.4 | -10.3 | -10.3 | -10.3 | -10.3 | -10.3 | -10.3 | 30 |
| Nonfinancial corporate business; trade receivables; asset | FA103070005 | 261.6 | 104.0 | 0.1 | 125.5 | 31.3 | 137.0 | 131.5 | 202.2 | 123.2 | 31 |
| Nonfinancial corporate business; U.S. direct investment abroad; asset (4) | FA103092005 | 298.7 | 293.1 | 296.7 | 272.0 | 267.4 | 246.4 | 283.6 | 290.5 | 304.7 | 32 |
| Nonfinancial corporate business; total miscellaneous assets | FA103090005 | 262.0 | 446.7 | 1071.8 | 677.1 | 938.2 | 646.0 | 557.1 | 567.1 | 482.2 | 33 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FA103076005 | -6.0 | 10.4 | 2.4 | 7.6 | 6.6 | 11.2 | 15.8 | -3.2 | -11.6 | 34 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FA103092405 | 0.0 | 0.1 | 0.1 | 0.1 | 0.4 | 0.1 | -0.2 | 0.1 | 0.5 | 35 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FA103094105 | 14.7 | 14.1 | -4.1 | -13.8 | -23.0 | 0.6 | -19.9 | -12.7 | -5.6 | 36 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FA103093005 | 253.2 | 422.2 | 1073.4 | 683.1 | 954.3 | 634.0 | 561.4 | 582.9 | 498.9 | 37 |
| Nonfinancial corporate business; total liabilities | FA104190005 | 926.5 | 1382.1 | 1317.9 | 1084.2 | 966.3 | 1177.8 | 1208.8 | 983.8 | 867.9 | 38 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 293.7 | 310.5 | 406.8 | 289.1 | 556.3 | 323.5 | 222.5 | 54.1 | 426.6 | 39 |
| Nonfinancial corporate business; commercial paper; liability | FA103169100 | 14.2 | 37.5 | -5.4 | 4.1 | 27.2 | 7.9 | -140.1 | 121.4 | 5.1 | 40 |
| Nonfinancial corporate business; municipal securities; liability (5) | FA103162000 | 1.7 | -0.1 | 14.3 | 17.1 | 12.8 | 28.4 | 23.3 | 3.7 | -1.5 | 41 |
| Nonfinancial corporate business; corporate bonds; liability (4) | FA103163003 | 277.9 | 273.2 | 398.0 | 267.9 | 516.3 | 287.2 | 339.3 | -71.0 | 422.9 | 42 |
| Nonfinancial corporate business; loans; liability | FA104123005 | 98.0 | 97.2 | 108.4 | 112.7 | 299.3 | -105.8 | 295.4 | -38.2 | 155.1 | 43 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FA103168005 | 73.8 | 70.2 | 78.2 | 49.8 | 157.2 | 4.6 | 122.1 | -84.8 | 71.6 | 44 |
| Nonfinancial corporate business; other loans and advances; liability (6) | FA103169005 | 41.7 | 63.0 | -17.4 | 22.9 | 133.6 | -157.4 | 102.6 | 12.6 | 110.0 | 45 |
| Nonfinancial corporate business; total mortgages; liability | FA103165005 | -17.4 | -36.0 | 47.6 | 40.0 | 8.5 | 46.9 | 70.7 | 34.0 | -26.5 | 46 |
| Nonfinancial corporate business; corporate equities; liability | FA103164103 | -352.9 | -394.5 | -560.9 | -586.1 | -620.3 | -651.3 | -673.2 | -399.5 | -475.9 | 47 |
| Nonfinancial corporate business; trade payables; liability | FA103170005 | 101.2 | 150.1 | 2.6 | 106.9 | 37.1 | 120.1 | 134.9 | 135.6 | 93.5 | 48 |
| Nonfinancial corporate business; taxes payable; liability | FA103178000 | -9.1 | -1.4 | -1.3 | 9.9 | -37.1 | -9.1 | -1.9 | 87.7 | 3.4 | 49 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability | FA103192005 | 176.0 | 152.2 | 320.1 | 317.4 | 182.6 | 535.7 | 419.4 | 131.9 | 158.0 | 50 |
| Nonfinancial corporate business; total miscellaneous liabilities | FA103190005 | 619.6 | 1067.9 | 1042.3 | 834.2 | 548.2 | 964.7 | 811.7 | 1012.2 | 507.3 | 51 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -2.5 | -2.9 | -4.3 | -1.4 | -1.1 | -2.0 | -2.3 | -0.4 | -1.9 | 52 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FA573073005 | 108.6 | 85.4 | 66.9 | 4.7 | -0.8 | 22.6 | 17.5 | -20.3 | 11.1 | 53 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FA103193005 | 513.5 | 985.4 | 979.7 | 830.9 | 550.1 | 944.1 | 796.6 | 1032.9 | 498.2 | 54 |
| Nonfinancial corporate business; sector discrepancy | FA107005005 | 245.2 | 700.8 | -16.7 | 59.4 | -57.8 | 70.0 | 122.4 | 102.7 | -18.9 | 55 |
| Nonfinancial corporate business; capital expenditures less the sum of U.S. internal funds and IVA (financing gap) (7) | FA105005305 | -76.4 | -7.6 | 102.3 | 36.2 | 36.7 | 54.9 | -24.6 | 78.0 | 134.2 | 56 |
NOTES
- Consumption of fixed capital plus the capital consumption adjustment.
- Table F.5, line 58.
- Nonresidential fixed investment plus residential fixed investment, shown in table F.2, lines 10 and 15 respectively.
- 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.
- 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.
- Loans from rest of the world, U.S. government, and nonbank financial institutions. Detail can be found on table F.216.
- Capital expenditures (line 11) less the sum of U.S. internal funds (line 5) and inventory valuation adjustment (line 7).
Last Update: June 8, 2017