[Economic Indicators August, 2008]
[Page Number 8]
[From the U.S. Government Publishing Office, www.gpo.gov]
CORPORATE PROFITS
In the second quarter of 2008, according to prelimary estimates,
corporate profits before tax rose $20.4 billion (annual rate) and
profits after tax rose $13.0 billion.
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[Billions of dollars; quarterly data at seasonally adjusted annual rates]
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Profits (before tax) with inventory valuation adjustment \1\ Profits after tax
-------------------------------------------------------------------------------------- ----------------------------------
Domestic industries Taxes
--------------------------------------------------------------------------- Profits on Inventory
Period Nonfinancial before corpo- Net Undistributed valuation
Total \2\ ------------------------------------------------------ tax rate in- Total divi- profits adjustment
Total Financial Manufac- Utili- Whole- come dends
Total \3\ turing ties sale Retail
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1998 ..................................... 738.5 635.5 165.9 469.6 173.5 ......... 52.3 73.4 718.3 248.3 470.0 351.6 118.3 20.2
1998 \4\................................. 738.5 635.5 165.4 470.1 157.0 32.7 53.2 66.4 718.3 248.3 470.0 351.6 118.3 20.2
1999 ..................................... 776.8 655.3 194.3 461.1 150.6 33.1 55.5 65.2 775.9 258.6 517.2 337.4 179.9 1.0
2000 ..................................... 759.3 613.6 200.2 413.4 144.3 24.4 59.7 59.6 773.4 265.2 508.2 377.9 130.3 -14.1
2001 ..................................... 719.2 549.5 227.6 322.0 52.6 24.7 52.1 71.0 707.9 204.1 503.8 370.9 132.9 11.3
2002 ..................................... 766.2 610.4 276.4 334.0 48.2 10.6 49.3 79.4 768.4 192.6 575.8 399.2 176.6 -2.2
2003 ..................................... 894.5 729.0 317.3 411.8 76.0 11.6 55.2 86.8 908.1 243.3 664.8 424.7 240.1 -13.6
2004 ..................................... 1,161.6 968.2 348.9 619.3 152.7 18.6 79.2 91.1 1,204.7 307.4 897.3 539.5 357.8 -43.1
2005...................................... 1,582.8 1,343.3 425.3 918.1 243.8 28.9 97.3 120.4 1,620.6 413.7 1,206.9 577.4 629.5 -37.8
2006...................................... 1,834.2 1,566.7 478.8 1,087.9 304.3 55.6 107.5 132.3 1,873.7 468.9 1,404.8 702.1 702.7 -39.5
2007...................................... 1,835.1 1,490.5 449.9 1,040.6 316.6 58.5 102.6 132.3 1,886.3 450.4 1,435.9 788.7 647.3 -51.2
2005:I.................................... 1,555.3 1,321.2 470.0 851.1 242.7 27.1 90.4 102.3 1,600.7 407.2 1,193.5 553.0 640.6 -45.4
II.................................. 1,594.0 1,360.8 437.3 923.4 239.3 28.4 109.5 126.7 1,612.0 412.0 1,200.1 561.6 638.5 -18.0
III................................. 1,497.1 1,244.2 362.3 881.9 241.6 21.7 85.5 114.8 1,536.3 386.4 1,149.9 581.4 568.4 -39.1
IV.................................. 1,684.6 1,447.2 431.4 1,015.8 251.6 38.2 103.8 137.8 1,733.3 449.2 1,284.1 613.4 670.6 -48.7
2006:I.................................... 1,778.7 1,528.3 470.0 1,058.3 279.2 44.9 102.3 133.5 1,813.8 453.8 1,359.9 652.8 707.1 -35.0
II.................................. 1,841.6 1,571.9 493.1 1,078.8 305.8 53.5 94.5 126.0 1,900.1 474.8 1,425.2 688.8 736.4 -58.5
III................................. 1,887.2 1,626.7 473.3 1,153.4 333.5 62.5 128.3 132.1 1,929.9 487.2 1,442.6 720.9 721.7 -42.7
IV.................................. 1,829.3 1,540.0 478.8 1,061.2 298.9 61.4 104.9 137.5 1,851.1 459.8 1,391.4 745.8 645.6 -21.8
2007:I.................................... 1,794.7 1,496.6 454.1 1,042.5 317.0 57.2 108.2 132.8 1,838.9 448.5 1,390.4 761.5 629.0 -44.2
II.................................. 1,859.5 1,556.7 492.7 1,064.0 350.8 54.7 112.7 145.9 1,914.8 468.5 1,446.3 779.2 667.1 -55.3
III................................. 1,866.1 1,509.7 460.3 1,049.3 306.6 58.7 109.1 126.0 1,897.1 451.1 1,446.1 797.6 648.5 -31.0
IV.................................. 1,820.2 1,398.9 392.4 1,006.5 292.1 63.2 80.2 124.5 1,894.3 433.5 1,460.9 816.4 644.5 -74.1
2008:I.................................... 1,641.5 1,243.1 c 412.8 830.2 240.5 46.2 49.2 112.0 1,750.9 402.9 1,348.0 832.5 515.5 -109.4
II p................................ 1,618.7 1,235.8 438.9 796.8 ......... ......... ........ ......... 1,771.3 410.3 1,361.0 846.5 514.5 -152.6
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\1\ See p. 4 for profits with
inventory valuation and capital
consumption adjustments.
\2\ Includes rest of the world,
not shown separately.
\3\ Includes industries not
shown separately.
\4\ Data by industry beginning
1998 are based on the 1997 North
American Industry Classification
System (NAICS) and are not directly
comparable with data for prior years
shown, which are based on the 1987
Standard Industrial Classification
(SIC).
Source: Department of Commerce,
Bureau of Economic Analysis.