F.103 Nonfinancial Corporate Business
Billions of dollars; quarterly figures are seasonally adjusted annual rates

Description Series code 2014 2015 2016 2017 2017 Q1 2017 Q2 2017 Q3 2017 Q4 2018 Q1 Line
Nonfinancial corporate business; corporate profits before tax excluding IVA and CCAdj FA106060005 1367.6 1275.7 1262.4 1303 1326.8 1348.9 1349.4 1186.9 1193.3 1
Nonfinancial corporate business; taxes on corporate income FA106231005 291.8 281.1 274.1 279 277.5 294.1 289.4 255 164.6 2
Nonfinancial corporate business; net dividends paid FA106121075 598.3 651.8 685.2 707.3 696.2 728.7 649.9 754.3 -169.9 3
Nonfinancial corporate business; inventory valuation adjustment (IVA) FA105020601 4.1 52.4 2.7 -49.1 -75 -33.6 -22.6 -65.4 -81.4 4
Nonfinancial corporate business; capital consumption allowance (1) FA106300015 1209.2 1284 1322.8 1428.1 1352.9 1364.3 1379 1616.1 1623.4 5
Nonfinancial corporate business; foreign earnings retained abroad FA106006065 211 204.9 200.8 235.4 219.8 237.8 182.6 301.4 -632.7 6
Nonfinancial corporate business; net capital transfers paid (2) FA105440005 -6.7 -3.2 2.6 180.3 -2.3 -1.5 -104 828.9 -1.1 7
Nonfinancial corporate business; gross saving including foreign earnings retained abroad less net capital transfers paid FA106000105 1908.5 1887.4 1826.7 1750.8 1853.1 1896.2 2053.1 1200.7 2109.2 8
Nonfinancial corporate business; gross investment FA105090005 1240.4 1875.2 1773.1 1626.5 1749.3 1929.6 1921.2 905.9 1873.4 9
Nonfinancial corporate business; total capital expenditures FA105050005 1699.9 1800.3 1673.8 1742.9 1685.8 1718.8 1784.9 1782.2 1837.3 10
Nonfinancial corporate business; gross fixed investment (3) FA105019005 1628 1674.3 1635.7 1731.4 1688.1 1715.3 1751.6 1770.9 1820.5 11
Nonfinancial corporate business; inventories including IVA FA105020005 70.1 96.4 30.6 12.1 -1.6 4 34.1 11.8 17.4 12
Nonfinancial corporate business; acquisition of nonproduced nonfinancial assets (net) FA105420005 1.7 29.6 7.5 -0.6 -0.7 -0.5 -0.9 -0.4 -0.6 13
Nonfinancial corporate business; net lending (+) or borrowing (-) (financial account) FA105000005 -459.5 74.9 99.3 -116.5 63.5 210.8 136.3 -876.3 36.2 14
Nonfinancial corporate business; total financial assets FA104090005 922.7 1488.7 1485.4 1096.3 865.4 1253.5 1186.5 1079.7 1095.7 15
Nonfinancial corporate business; private foreign deposits; asset FA103091003 -10.6 -20.1 3.6 106.3 -24.5 74.6 366.4 8.5 11.4 16
Nonfinancial corporate business; checkable deposits and currency; asset FA103020005 55.1 67.4 160.5 144.1 177 287.1 15.3 97.1 201.5 17
Nonfinancial corporate business; total time and savings deposits; asset FA103030003 -22.7 -7.7 19.2 4.3 -4.8 13.3 2.2 6.6 1.7 18
Nonfinancial corporate business; money market fund shares; asset FA103034003 21.9 18.6 -112.9 -6.5 -97.2 -31.8 57.3 46 37.9 19
Nonfinancial corporate business; security repurchase agreements; asset FA102051003 39.5 14 29.5 -25.6 -39.8 -40.2 -53.9 31.5 -20.9 20
Nonfinancial corporate business; debt securities; asset FA104022005 39.7 -4.1 -9.2 34 39.1 60.1 1.8 34.9 35.9 21
Nonfinancial corporate business; commercial paper; asset FA103069100 35.8 0.6 -11.8 24.5 22 51.8 -6.1 30.3 39.9 22
Nonfinancial corporate business; Treasury securities; asset FA103061103 2.9 -4.3 3.9 -0.3 -5.3 3 -1.7 2.9 0.7 23
Nonfinancial corporate business; agency- and GSE-backed securities; asset FA103061703 1 -1.4 1.3 -0.1 -1.8 1 -0.6 1 0.2 24
Nonfinancial corporate business; municipal securities; asset FA103062003 0.1 1 -2.6 9.8 24.1 4.2 10.2 0.8 -4.9 25
Nonfinancial corporate business; loans; asset FA104023005 2.3 2.4 0.6 -2.8 14.7 -28.3 7.6 -5.1 11.6 26
Nonfinancial corporate business; total mortgages; asset FA103065003 1.9 2.3 -1.1 -1.8 -1.8 -1.8 -1.8 -1.8 -1.8 27
Nonfinancial corporate business; consumer credit; asset FA103066005 0.3 0.1 1.7 -0.9 16.6 -26.5 9.5 -3.3 13.5 28
Nonfinancial corporate business; mutual fund shares; asset FA103064203 15.2 7.4 -11 5.4 5.4 5.4 5.4 5.4 5.4 29
Nonfinancial corporate business; trade receivables; asset FA103070005 104.7 32.1 218.8 220.8 139.1 165.7 252.1 326.2 280.2 30
Nonfinancial corporate business; U.S. direct investment abroad; asset (4) FA103092005 291.1 260.4 253.8 333.6 388.2 304.4 218 423.6 -440.3 31
Nonfinancial corporate business; total miscellaneous assets FA103090005 386.5 1118.3 932.5 282.7 268.4 443.3 314.3 105.1 971.4 32
Nonfinancial corporate business; insurance receivables due from property-casualty insurance companies; asset FA103076005 10.4 2.3 6.6 13.9 -10.5 22.5 71.4 -27.8 9 33
Nonfinancial corporate business; equity in Fannie Mae and Farm Credit System; asset FA103092405 0.1 0.1 0.1 0.3 0.5 -0.3 0.6 0.3 0.7 34
Nonfinancial corporate business; equity investment in finance company subsidiaries; asset FA103094105 15.8 2.2 -13.1 12.6 -0 16.4 -9.6 43.6 7.5 35
Nonfinancial corporate business; unidentified miscellaneous assets FA103093005 360.2 1113.7 938.9 255.9 278.3 404.6 251.8 88.9 954.2 36
Nonfinancial corporate business; total liabilities FA104190005 1382.2 1413.8 1386.1 1212.8 802 1042.7 1050.2 1956 1059.5 37
Nonfinancial corporate business; debt securities; liability FA104122005 322.2 409.8 295.1 303.1 446.7 268.8 393.5 103.6 260.9 38
Nonfinancial corporate business; commercial paper; liability FA103169100 37.5 -3 1.8 25.9 11.4 32.5 68.8 -9.2 3.5 39
Nonfinancial corporate business; municipal securities; liability (5) FA103162000 -0.7 13.2 15.2 13.1 -2.9 15.4 -12.9 52.8 -16 40
Nonfinancial corporate business; corporate bonds; liability (4) FA103163003 285.4 399.6 278.2 264.2 438.2 220.9 337.5 60 273.4 41
Nonfinancial corporate business; loans; liability FA104123005 95.3 92.9 107.1 209.6 170.4 273.4 242.7 151.9 96.6 42
Nonfinancial corporate business; depository institution loans n.e.c.; liability FA103168005 70.3 78.1 50.1 34.5 52 -9.5 88.3 7.2 60.7 43
Nonfinancial corporate business; other loans and advances; liability (6) FA103169005 63.1 -17.5 12.1 126.6 103.7 231.7 120.7 50.3 -3.3 44
Nonfinancial corporate business; total mortgages; liability FA103165005 -38 32.4 44.9 48.5 14.6 51.2 33.7 94.4 39.2 45
Nonfinancial corporate business; corporate equities; liability FA103164103 -394.5 -549.6 -576.8 -378.8 -403.3 -267.7 -539.1 -305.1 -386 46
Nonfinancial corporate business; trade payables; liability FA103170005 150.1 22.4 194.6 210.3 166.7 149.2 244.8 280.6 294.4 47
Nonfinancial corporate business; total taxes payable; liability FA103178005 -1.4 -1.3 -8.8 213 8.5 13.1 -20.3 850.6 -13.4 48
Nonfinancial corporate business; foreign direct investment in U.S.; liability FA103192005 185.2 436.2 386.8 241.7 264.1 258.2 225 219.5 213.1 49
Nonfinancial corporate business; total miscellaneous liabilities FA103190005 1025.3 1003.4 988 413.8 148.9 347.6 503.8 654.9 593.9 50
Private pension funds; pension fund contributions receivable; asset FA573074005 -2.9 14.7 5.6 6.4 8.5 1.8 6.1 9.3 4.2 51
Private defined benefit pension funds; claims of pension fund on sponsor; asset FA573073005 51.9 93.6 50 55.4 90.1 4 49.8 77.7 27.1 52
Nonfinancial corporate business; unidentified miscellaneous liabilities FA103193005 976.2 895.2 932.5 352 50.2 341.9 447.9 567.9 562.6 53
Nonfinancial corporate business; sector discrepancy FA107005005 668.2 12.2 53.6 124.3 103.8 -33.4 132 294.8 235.7 54
Nonfinancial corporate business; difference between capital expenditures and gross savings less net capital transfers paid, excluding foreign earnings retained abroad (financing gap) (7) FA105005305 2.3 117.9 47.9 227.5 52.5 60.4 -85.7 882.9 -904.6 55


NOTES

  1. Consumption of fixed capital plus the capital consumption adjustment.
  2. Table F.5, line 60.
  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. The financing gap is the difference between capital expenditures (line 10) and gross savings less net capital transfers paid less foreign earnings retained abroad (line 8 minus line 6).
Last Update: June 7, 2018