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 | 2014 | 2015 | 2016 | 2016 Q1 | 2016 Q2 | 2016 Q3 | 2016 Q4 | 2017 Q1 | 2017 Q2 | Line |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonfinancial corporate business; corporate profits before tax excluding IVA and CCAdj | FA106060005 | 1367.6 | 1275.7 | 1262.4 | 1277.5 | 1261.2 | 1254.4 | 1256.4 | 1326.8 | 1354.0 | 1 |
| Nonfinancial corporate business; taxes on corporate income | FA106231005 | 291.8 | 281.1 | 274.1 | 263.1 | 272.6 | 277.5 | 283.5 | 277.5 | 294.8 | 2 |
| Nonfinancial corporate business; net dividends paid | FA106121075 | 598.3 | 651.8 | 685.2 | 675.6 | 678.8 | 680.6 | 705.9 | 696.2 | 721.4 | 3 |
| Nonfinancial corporate business; capital consumption allowance (1) | FA106300015 | 1209.2 | 1284.0 | 1322.8 | 1304.9 | 1316.6 | 1327.6 | 1342.1 | 1353.0 | 1364.4 | 4 |
| Nonfinancial corporate business; U.S. internal funds, book | FA106000135 | 1686.8 | 1626.9 | 1625.8 | 1643.7 | 1626.5 | 1623.9 | 1609.2 | 1706.1 | 1702.2 | 5 |
| Nonfinancial corporate business; foreign earnings retained abroad | FA106006065 | 211.0 | 204.9 | 200.8 | 186.2 | 193.0 | 183.8 | 240.2 | 219.8 | 231.8 | 6 |
| Nonfinancial corporate business; inventory valuation adjustment (IVA) | FA105020601 | 4.1 | 52.4 | 2.7 | 57.2 | -36.1 | 7.3 | -17.5 | -75.0 | -33.0 | 7 |
| Nonfinancial corporate business; net capital transfers paid (2) | FA105440005 | -6.7 | -3.2 | 2.6 | -1.7 | -1.6 | -1.6 | 15.4 | -2.3 | -1.5 | 8 |
| Nonfinancial corporate business; gross saving including foreign earnings retained abroad less net capital transfers paid | FA106000105 | 1908.5 | 1887.4 | 1826.7 | 1888.7 | 1784.9 | 1816.6 | 1816.5 | 1853.2 | 1902.5 | 9 |
| Nonfinancial corporate business; gross investment | FA105090005 | 1240.4 | 1937.9 | 1854.4 | 1887.8 | 1814.6 | 1819.1 | 1896.1 | 1775.1 | 1926.3 | 10 |
| Nonfinancial corporate business; total capital expenditures | FA105050005 | 1699.9 | 1800.3 | 1673.9 | 1665.3 | 1671.3 | 1658.6 | 1700.2 | 1685.5 | 1718.0 | 11 |
| Nonfinancial corporate business; gross fixed investment (3) | FA105019005 | 1628.0 | 1674.3 | 1635.7 | 1628.2 | 1631.2 | 1644.4 | 1639.1 | 1687.8 | 1715.7 | 12 |
| Nonfinancial corporate business; inventories including IVA | FA105020005 | 70.1 | 96.4 | 30.6 | 38.1 | 8.5 | 13.8 | 62.0 | -1.6 | 2.8 | 13 |
| Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) | FA105420005 | 1.7 | 29.6 | 7.5 | -1.0 | 31.5 | 0.4 | -0.8 | -0.7 | -0.5 | 14 |
| Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) | FA105000005 | -459.5 | 137.5 | 180.5 | 222.5 | 143.3 | 160.5 | 195.9 | 89.6 | 208.3 | 15 |
| Nonfinancial corporate business; total financial assets | FA104090005 | 922.7 | 1455.0 | 1301.2 | 1188.6 | 1502.3 | 1400.2 | 1113.5 | 996.3 | 1207.4 | 16 |
| Nonfinancial corporate business; private foreign deposits; asset | FA103091003 | -7.8 | -17.4 | 5.2 | -45.2 | 48.5 | 13.2 | 4.2 | -18.3 | 18.4 | 17 |
| Nonfinancial corporate business; checkable deposits and currency; asset | FA103020005 | 41.1 | 67.0 | 140.0 | 74.0 | 308.7 | 125.6 | 51.7 | 187.6 | 131.2 | 18 |
| Nonfinancial corporate business; total time and savings deposits; asset | FA103030003 | -18.0 | -16.2 | 43.9 | -2.1 | 12.1 | 169.9 | -4.3 | -51.3 | 107.9 | 19 |
| Nonfinancial corporate business; money market mutual fund shares; asset | FA103034003 | 21.9 | 18.6 | -89.0 | -109.1 | -87.3 | -98.5 | -61.0 | -76.0 | -24.8 | 20 |
| Nonfinancial corporate business; security repurchase agreements; asset | FA102051003 | 12.9 | 6.1 | 13.1 | -12.7 | -4.8 | 73.3 | -3.6 | -23.9 | -14.9 | 21 |
| Nonfinancial corporate business; debt securities; asset | FA104022005 | 11.5 | -5.4 | 25.4 | 38.1 | -15.7 | 76.9 | 2.4 | 1.3 | 49.9 | 22 |
| Nonfinancial corporate business; commercial paper; asset | FA103069100 | 3.7 | -1.5 | 4.6 | 2.9 | 17.3 | 9.9 | -11.6 | -14.4 | 21.8 | 23 |
| Nonfinancial corporate business; Treasury securities; asset | FA103061103 | 2.9 | -3.6 | 2.4 | 35.9 | -42.5 | 11.1 | 5.0 | -18.5 | 15.5 | 24 |
| Nonfinancial corporate business; agency- and GSE-backed securities; asset | FA103061703 | 5.0 | -1.2 | 0.8 | 12.0 | 5.8 | -16.3 | 1.7 | -6.2 | 5.2 | 25 |
| Nonfinancial corporate business; municipal securities; asset | FA103062003 | 0.1 | 0.9 | 17.6 | -12.6 | 3.6 | 72.2 | 7.3 | 40.4 | 7.3 | 26 |
| Nonfinancial corporate business; loans; asset | FA104023005 | 3.0 | 22.9 | 5.3 | 23.6 | -16.4 | -1.4 | 15.6 | 23.4 | -14.9 | 27 |
| Nonfinancial corporate business; total mortgages; asset | FA103065003 | 1.9 | 22.1 | 6.1 | 6.1 | 6.1 | 6.1 | 6.1 | 6.1 | 6.1 | 28 |
| Nonfinancial corporate business; consumer credit; asset | FA103066005 | 1.0 | 0.8 | -0.8 | 17.4 | -22.5 | -7.5 | 9.4 | 17.3 | -21.0 | 29 |
| Nonfinancial corporate business; mutual fund shares; asset | FA103064203 | 15.2 | 7.4 | -10.3 | -10.3 | -10.3 | -10.3 | -10.3 | -10.3 | -10.3 | 30 |
| Nonfinancial corporate business; trade receivables; asset | FA103070005 | 104.0 | 0.1 | 128.3 | 42.3 | 113.2 | 138.4 | 219.4 | 107.9 | 101.7 | 31 |
| Nonfinancial corporate business; U.S. direct investment abroad; asset (4) | FA103092005 | 291.1 | 260.4 | 253.8 | 256.0 | 225.6 | 268.4 | 265.2 | 363.2 | 307.4 | 32 |
| Nonfinancial corporate business; total miscellaneous assets | FA103090005 | 447.7 | 1111.5 | 785.5 | 934.1 | 928.7 | 644.9 | 634.2 | 492.6 | 555.9 | 33 |
| Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset | FA103076005 | 10.4 | 2.3 | 6.6 | 5.5 | 10.1 | 14.8 | -4.1 | -9.9 | 23.1 | 34 |
| Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset | FA103092405 | 0.1 | 0.1 | 0.1 | 0.4 | 0.1 | -0.2 | 0.1 | 0.5 | -0.3 | 35 |
| Nonfinancial corporate business; equity investment in finance company subsidiaries; asset | FA103094105 | 14.1 | -4.1 | -14.8 | -25.5 | 0.6 | -21.9 | -12.6 | -5.2 | 8.3 | 36 |
| Nonfinancial corporate business; unidentified miscellaneous assets | FA103093005 | 423.1 | 1113.3 | 793.6 | 953.7 | 917.8 | 652.1 | 650.7 | 507.2 | 524.8 | 37 |
| Nonfinancial corporate business; total liabilities | FA104190005 | 1382.2 | 1317.5 | 1120.6 | 966.1 | 1359.0 | 1239.8 | 917.5 | 906.6 | 999.0 | 38 |
| Nonfinancial corporate business; debt securities; liability | FA104122005 | 310.6 | 408.0 | 292.3 | 563.6 | 320.4 | 222.6 | 62.5 | 431.4 | 268.5 | 39 |
| Nonfinancial corporate business; commercial paper; liability | FA103169100 | 37.5 | -5.4 | 4.1 | 27.2 | 7.9 | -140.1 | 121.4 | 5.1 | 26.3 | 40 |
| Nonfinancial corporate business; municipal securities; liability (5) | FA103162000 | -0.2 | 14.7 | 17.5 | 12.1 | 25.4 | 21.6 | 10.8 | -1.6 | 15.9 | 41 |
| Nonfinancial corporate business; corporate bonds; liability (4) | FA103163003 | 273.4 | 398.7 | 270.7 | 524.3 | 287.0 | 341.2 | -69.8 | 427.9 | 226.3 | 42 |
| Nonfinancial corporate business; loans; liability | FA104123005 | 95.0 | 101.6 | 109.3 | 272.8 | -82.4 | 289.9 | -43.3 | 180.6 | 170.0 | 43 |
| Nonfinancial corporate business; depository institution loans n.e.c.; liability | FA103168005 | 70.3 | 78.1 | 50.1 | 145.5 | 4.5 | 114.9 | -64.5 | 52.0 | -7.5 | 44 |
| Nonfinancial corporate business; other loans and advances; liability (6) | FA103169005 | 63.1 | -17.5 | 14.4 | 115.3 | -135.3 | 90.1 | -12.6 | 104.7 | 124.2 | 45 |
| Nonfinancial corporate business; total mortgages; liability | FA103165005 | -38.3 | 41.0 | 44.8 | 12.0 | 48.5 | 84.8 | 33.8 | 23.8 | 53.3 | 46 |
| Nonfinancial corporate business; corporate equities; liability | FA103164103 | -394.5 | -549.6 | -581.4 | -617.9 | -639.6 | -672.7 | -395.6 | -436.5 | -382.2 | 47 |
| Nonfinancial corporate business; trade payables; liability | FA103170005 | 150.1 | 2.6 | 99.6 | 26.8 | 98.5 | 143.5 | 129.7 | 91.0 | 81.4 | 48 |
| Nonfinancial corporate business; taxes payable; liability | FA103178000 | -1.4 | -1.3 | 9.6 | -35.3 | -13.4 | 0.1 | 87.0 | 5.5 | 19.0 | 49 |
| Nonfinancial corporate business; foreign direct investment in U.S.; liability | FA103192005 | 185.2 | 436.2 | 386.8 | 369.5 | 599.5 | 403.5 | 174.7 | 262.3 | 238.1 | 50 |
| Nonfinancial corporate business; total miscellaneous liabilities | FA103190005 | 1037.1 | 920.1 | 804.5 | 386.6 | 1076.1 | 852.8 | 902.6 | 372.4 | 604.3 | 51 |
| Private pension funds; pension fund contributions receivable; asset | FA573074005 | -2.9 | 15.2 | 5.6 | 6.4 | 3.3 | 3.1 | 9.5 | 8.6 | 3.4 | 52 |
| Private defined benefit pension funds; claims of pension fund on sponsor; asset | FA573073005 | 51.9 | 100.3 | 38.2 | 38.1 | 0.5 | 27.0 | 87.3 | 74.0 | -9.1 | 53 |
| Nonfinancial corporate business; unidentified miscellaneous liabilities | FA103193005 | 988.1 | 804.7 | 760.7 | 342.1 | 1072.3 | 822.7 | 805.7 | 289.8 | 609.9 | 54 |
| Nonfinancial corporate business; sector discrepancy | FA107005005 | 668.2 | -50.5 | -27.7 | 0.9 | -29.6 | -2.5 | -79.7 | 78.1 | -23.8 | 55 |
| Nonfinancial corporate business; capital expenditures less the sum of U.S. internal funds and IVA (financing gap) (7) | FA105005305 | 9.0 | 121.1 | 45.3 | -35.6 | 80.9 | 27.4 | 108.5 | 54.4 | 48.7 | 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: September 21, 2017