[Economic Indicators May, 2008] [Page Number 29] [From the U.S. Government Publishing Office, www.gpo.gov] SOURCES AND USES OF FUNDS, NONFARM NONFINANCIAL CORPORATE BUSINESS [Billions of dollars; quarterly data at seasonally adjusted annual rates] ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ Sources Uses ----------------------------------------------------------------------------------------------------------------------------------- External (Net increase in liabilities) --------------------------------------------------------------------------- Funds raised in markets Discrep- ------------------------------------------------------ Increase ancy Period Credit market instruments Capital in (sources Total Internal \1\ Total --------------------------------- Total expendi- financial less Total net Net new Loans and Other \2\ tures \3\ assets uses) funds equity Securities short- raised issues Total and term mortgages paper ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ 1998 ............................................. 1,298.1 682.1 616.0 165.4 -215.5 380.9 226.2 154.9 450.5 1,348.4 778.5 569.9 -50.4 1999 ............................................. 1,718.6 731.0 987.6 254.4 -110.4 364.8 264.0 100.8 733.3 1,833.8 863.9 969.9 -115.2 2000 ............................................. 1,955.4 718.0 1,237.4 218.4 -118.2 336.6 180.8 155.8 1,019.1 2,137.7 928.5 1,209.2 -182.4 2001 r............................................ 850.2 755.0 95.2 155.4 -48.1 203.5 392.4 -188.9 -60.1 980.2 802.6 177.6 -130.0 2002 r............................................ 896.2 811.3 84.9 -32.5 -41.6 9.1 163.3 -154.1 117.4 867.2 737.1 130.1 28.9 2003 r............................................ 844.7 831.3 13.4 38.0 -42.0 80.0 215.1 -135.0 -24.6 832.5 749.9 82.6 12.1 2004 r............................................ 1,537.4 928.4 609.0 39.2 -126.6 165.8 131.5 34.3 569.9 1,608.8 825.7 783.1 -71.3 2005 r............................................ 1,956.2 995.0 961.2 -119.8 -363.4 243.6 247.8 -4.2 1,080.9 1,872.8 915.0 957.8 83.4 2006 r............................................ 1,842.6 993.8 848.8 -180.7 -614.1 433.4 326.1 107.2 1,029.5 1,791.5 1,032.9 758.6 51.1 2007 r............................................ 1,796.4 942.8 853.6 -211.0 -835.7 624.7 423.5 201.1 1,064.7 1,930.9 1,033.0 897.9 -134.6 2006:I r.......................................... 1,755.5 1,006.2 749.3 -139.4 -569.6 430.2 321.5 108.7 888.6 1,733.1 992.1 741.0 22.4 II r........................................ 2,056.8 1,009.3 1,047.5 -180.7 -601.6 420.9 295.6 125.4 1,228.1 1,979.8 1,034.0 945.8 77.1 III r....................................... 1,751.2 1,023.9 727.3 -285.8 -534.0 248.2 274.8 -26.7 1,013.0 1,730.9 1,049.2 681.7 20.2 IV r........................................ 1,807.1 935.8 871.3 -116.8 -751.2 634.4 412.8 221.6 988.2 1,722.3 1,056.3 666.0 84.8 2007:I r.......................................... 1,844.2 944.7 899.5 -44.8 -572.8 528.0 405.5 122.4 944.3 1,933.8 993.0 940.8 -89.7 II r........................................ 1,712.8 944.0 768.8 -188.5 -814.0 625.5 497.4 128.1 957.3 1,896.8 1,027.6 869.2 -184.0 III r....................................... 1,870.3 944.1 926.2 -63.5 -831.2 767.7 344.0 423.7 989.6 1,991.2 1,073.2 918.0 -120.9 IV r........................................ 1,758.3 938.3 820.0 -547.4 -1,124.8 577.4 447.3 130.2 1,367.3 1,902.0 1,038.3 863.7 -143.8 2008:I p.......................................... 1,603.2 964.6 638.6 12.9 -562.2 575.1 341.6 233.5 625.7 1,719.6 1,051.1 668.5 -116.4 ------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------ \1\ Profits before tax (book) less taxes on corporate income, less net dividends, plus capital consumption allowance (consumption of fixed capital plus capital consumption adjustment), foreign earnings retained abroad, inventory valuation adjustment, and net capital transfers. \2\ Includes trade payables, taxes payable, and miscellaneous liabilities (foreign direct investment in the U.S., pension fund contributions payable, and other). \3\ Nonresidential fixed investment plus residential fixed investment, inventory change with inventory valuation adjustment, and nonproduced nonfinancial assets. Source: Board of Governors of the Federal Reserve System.