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| Sales and after-tax profits data for all manufacturing are presented in Table 1 on both a seasonally adjusted and an unadjusted basis. Seasonally adjusted historical data for this series, as well as for total durable and total nondurable manufacturing, are presented in Table 3. Data for individual manufacturing industries are not seasonally adjusted. |
For the fourth quarter of 1999, manufacturers` seasonally adjusted after-tax profits were $70.0 billion, up $2.5 (+/-1.3) billion from last quarter. On an unadjusted basis, fourth quarter after-tax profits were $65.8 billion, down $2.5 (+/-1.3) billion from last quarter, but up $22.0 (+/-1.5) billion from the same quarter a year ago.
Unadjusted durable manufacturers` after-tax profits for the fourth quarter of 1999 were $36.0 billion, up $1.2 or 3.4 percent (+/-2.8%) from the third quarter of 1999. The underlying industry categories reported mixed results. Electrical machinery, instruments, and motor vehicles reported increased earnings. Electrical machinery`s $3.0 (+/-0.5) billion increase was due to higher operating profits, dividend income, and other nonoperating income, and gains from asset sales. Motor vehicles` $1.0 (+/-0.1) billion increase was due primarily to higher operating profits and dividend income. Instruments` $1.1 (+/-0.3) billion improvement resulted from higher equity earnings and gains from asset sales. Fabricated metals and stone, clay, and glass reported declines of $1.7 (+/-0.3) and $0.7 (+/-0.2) billion, respectively, which were due primarily to lower operating profits. Also reporting statistically significant decreases were lumber, miscellaneous manufacturing, and nonferrous metals. Iron and steel, machinery, aircraft, and furniture showed no statistically significant changes.
When compared to the fourth quarter of 1998, unadjusted durable manufacturers` after-tax profits were up $6.9 billion or 23.5 percent (+/-4.4%). Most of the increase came from electrical machinery, instruments, stone, clay and glass, and motor vehicles. Electrical machinery`s $2.6 (+/-0.5) billion improvement was due to increases in other nonoperating and dividend income, and gains from asset sales. Instrument`s $2.1 (+/-0.5) billion increase was due to higher equity earnings, other nonoperating income, and gains from asset sales. Stone, clay and glass` increase of $1.4 (+/-0.1) billion was due primarily to the absence of significant nonrecurring charges. Motor vehicles` increase of $0.8 (+/-0.1) billion was due chiefly to improved equity earnings. Aircraft and furniture were the only two categories reporting statistically significant decreases. Iron and steel, nonferrous metals, fabricated metals, machinery, and lumber showed no statistically significant changes.
Unadjusted nondurable manufacturers` after-tax profits for the fourth quarter of 1999 were $29.8 billion, down $3.7 billion or 11.0 percent (+/-2.5%) when compared to the third quarter of 1999. Most underlying industry categories were down. Petroleum`s $1.5 (+/-0.1) billion decrease was due primarily to lower operating profits and significant restructuring and asset impairment charges. Drugs` $1.1 (+/-0.4) billion decrease was due to decreased operating profits and equity earnings more than offsetting increases in dividend and other nonoperating income. Residual of chemicals, apparel, and industrial chemicals also reported statistically significant declines. Printing and paper reported statistically significant increases. Printing`s $0.6 (+/-0.3) billion increase was due primarily to gains from asset sales. Food, textiles and rubber showed no statistically significant changes.
When compared to the same quarter in 1998, unadjusted nondurable manufacturers` after-tax profits were up $15.2 (+/-1.0) billion. Most underlying industry categories were up. Petroleum`s $8.8 (+/-0.1) billion increase, the largest of the group, was due primarily to improvements in operating profits and equity earnings and lower nonrecurring charges in the fourth quarter of 1999. Food`s $3.3 (+/-0.3) billion increase was due primarily to the absence of significant nonrecurring charges. Paper`s $1.9 (+/-0.2) billion increase was due primarily to higher operating profits. Industrial chemicals and residual of chemicals also reported statistically significant increases. Drugs and textiles reported statistically significant decreases. Apparel, printing, and rubber showed no statistically significant changes.
Manufacturers` seasonally adjusted sales for the fourth quarter of 1999 were $1,064.1 billion, up $15.7 billion or 1.5 percent (+/-1.0%) from last quarter. On an unadjusted basis, sales were $1,083.0 billion, up $35.3 billion or 3.4 percent (+/-1.0%) from last quarter, and up $76.6 billion or 7.6 percent (+/-1.1%) from the fourth quarter of 1998.
Seasonally adjusted durable sales were $581.7 billion showing no statistically significant change from last quarter. Seasonally adjusted nondurable sales were $482.4 billion, up $12.3 billion or 2.6 percent (+/-1.4%) from last quarter. Unadjusted durable sales were $593.4 billion, up $22.0 billion or 3.9 percent (+/-1.4%) when compared to the third quarter of 1999. On a same quarter a year ago basis, unadjusted durable sales were up $31.5 billion or 5.6 percent (+/-1.4%). Unadjusted nondurable sales were $489.6 billion, up $13.3 billion or 2.8 percent (+/-1.4%) from last quarter, and up $45.2 billion or 10.2 percent (+/-1.5%) from a year ago.
Also included in this release are fourth quarter 1999 data for large mining and wholesale and retail trade corporations.
These advance data, based on quarterly financial reports from about 8,200 corporations, were released today from the Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations Fourth quarter 1999 (QFR-99-4). The publication includes statements of income and retained earnings, balance sheets, and related financial and operating ratios. The aggregated data are classified by industry and asset size.
The publication becomes available for sale approximately two weeks from the date of this release from the Superintendent of Documents, P.O. Box 371954, Pittsburgh, PA 15250-7954 (202-512-1800). The cost for an annual subscription is $34 domestic and $42.50 foreign. Remittances from foreign countries must be by international money order or by draft on a U.S. bank. Files are also available on 3.5 inch flexible diskettes from U.S. Department of Commerce, Census Bureau (MS1921), P.O. Box 277943, Atlanta, GA 30384-7943 (301-763-INFO(4636)). The annual subscription cost is $84; $66 for the first diskette and $6 for each additional diskette. First quarter 2000 advance data are scheduled for release on June 12, 2000.
EXPLANATORY NOTES:
This quarter`s publication contains data revised due to the reclassification of corporations by industry, and revisions that reflect respondents` corrections of submitted data subsequent to original publication.
The data presented in this report are estimated from a sample survey and therefore are subject to sampling variability as well as nonsampling variability such as response error, nonreporting, and coverage errors. Estimates of sampling variability are presented in the publication. A statement such as "up 2.5 (+/-0.15) cents," appearing in the text, indicates the range (+2.35 to +2.65 cents) in which the actual change is likely to have occurred. The range given for the change is a 90 percent confidence interval that accounts only for sampling variability. If the range had contained zero (0), it would have been uncertain whether there was an increase or decrease; that is, the change would not have been statistically significant. For any comparison cited without a confidence interval, the change is statistically significant. The quarterly publication includes more detailed explanations of confidence intervals and sampling variability, along with additional measures of sampling variability.
The complete report, Quarterly Financial Report for Manufacturing,
Mining and Trade Corporations, is available for download,
under "Products: Publication", at
<http://www.census.gov/csd/qfr/>.
This press release is available in
page image formatDownload Adobe Acrobat Reader (.pdf).
This press release is available on the day of issue through the Department
of Commerce`s on-line Economic Bulletin Board (202-482-1986) and on the
Internet (http://www.census.gov/csd/www/qfr.html).
The publication becomes available for sale approximately two weeks from
the date of this release from the Superintendent of Documents,
P.O. Box 371954, Pittsburgh, PA 15250-7954 (202-512-1800). The cost for
an annual subscription is $34 domestic and $42.50 foreign. [Remittances
from foreign countries must be by international money order or by draft
on a U.S. bank.]
Files are also available on 3.5 inch flexible diskettes from
U.S. Department of Commerce, Bureau of the Census (MS1921),
P.O. Box 277943, Atlanta, GA 30384-7943 (301-763-INFO(4636)). The annual
subscription cost is $84; $66 for the first diskette and $6 for each
additional diskette.
Questions regarding this report (or program) should be directed to
Ronald H. Lee (301) 457-3343 or Frank Hartman (301) 457-3379.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-99-4, April 2000. U.S. Bureau of the Census,
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-99-4, April 2000. U.S. Bureau of the Census,
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-99-4, April 2000. U.S. Bureau of the Census,
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-99-4, April 2000. U.S. Bureau of the Census,
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-99-4, April 2000. U.S. Bureau of the Census,
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-99-4, April 2000. U.S. Bureau of the Census,
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-99-4, April 2000. U.S. Bureau of the Census,
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-99-4, April 2000. U.S. Bureau of the Census,
The publication becomes available for sale approximately two weeks from the
date of this release from the Superintendent of Documents, P.O. Box 371954,
Pittsburg, PA 15250-7954 (202-512-1800). The annual subscription rate is $34,
(foriegn customers, $42.50 on an international money order or by draft on a
U.S. bank). Single publication copies are $10 and $12.50, respectively and
are available at the Bureau of the Census, (301) 763-INFO(4636).
Electronic files are also available on
3.5 inch flexible diskettes from U.S. Department of Commerce,
Bureau of the Census, (MS1921), P.O. Box 277943, Atlanta, GA 30384-7943
(301-763-INFO(4636)). The annual subscription cost is
$84; $66 for the first diskette and $6 for each additional diskette.
This report is also available on the day of issue through the Department of
Commerce`s on-line Economic Bulletin Board (N-8-1) (202-482-1986).
Schedule of Advance Data Release Dates-- 2000
Questions concerning this advance report should be directed to
Contact:
Ronald H. Lee (301) 457-3343 or
Frank Hartman (301) 457-3379.
###
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Quarterly Financial Report
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TABLE 1. PART A--QUARTERLY FINANCIAL REPORT FOR MANUFACTURING CORPORATIONS
Seasonally Adjusted
4Q 3Q 4Q
1999 1999(1) 1998(1)
Rate of return (after taxes):
Cents per dollar of sales ................ 6.6 6.4 4.9
Percent on equity (annual rate) .......... NA NA NA
(million dollars)
Sales ....................................1,064,094 1,048,403 988,556
Income after income taxes ................ 69,960 67,439 48,189
Dividends paid (cash) .................... NA NA NA
(1) Revised.
TABLE 1. PART B--QUARTERLY FINANCIAL REPORT FOR MANUFACTURING CORPORATIONS
Unadjusted
4Q 3Q 4Q
1999 1999(1) 1998(1)
Rate of return (after taxes):
Cents per dollar of sales ................ 6.1 6.5 4.4
Percent on equity (annual rate) .......... 16.2 17.4 11.8
(million dollars)
Sales ....................................1,083,027 1,047,700 1,006,398
Income after income taxes ................ 65,806 68,283 43,785
Dividends paid (cash) .................... 26,701 23,711 34,142
(1) Revised.
TABLE 2. PART A--SALES AND PROFITS OF CORPORATIONS ENGAGED IN
MANUFACTURING, MINING, AND TRADE--NOT SEASONALLY ADJUSTED
Sales
4Q 3Q 4Q
Industry Group 1999 1999(1) 1998(1)
(million dollars)
All manufacturing corporations ............1,083,027 1,047,700 1,006,398
Nondurable goods .......................... 489,590 476,306 444,433
Food and tobacco......................... 127,478 121,745 123,574
Textiles ................................ 14,849 15,603 14,862
Apparel(2) .............................. 18,678 20,194 16,875
Paper ................................... 44,405 44,302 41,031
Printing ................................ 50,866 49,033 48,597
Chemicals ............................... 116,864 115,080 112,187
Industrial chemicals and synthetics(3).. 38,529 37,255 37,060
Drugs(3) ............................... 42,291 40,168 39,031
Residual of chemicals(3)................ 36,044 37,657 36,095
Petroleum ............................... 87,746 80,529 57,745
Rubber .................................. 28,704 29,820 29,564
Durable goods ............................. 593,437 571,394 561,965
Stone, clay, and glass .................. 21,332 22,839 19,713
Primary metals .......................... 38,321 37,197 37,429
Iron and steel(3) ...................... 19,604 18,721 17,885
Nonferrous metals(3).................... 18,717 18,476 19,544
Fabricated metals ....................... 45,268 47,228 44,496
Machinery ............................... 115,835 114,618 110,783
Electrical machinery .................... 124,421 118,603 119,495
Transportation Equipment ................ 172,117 155,563 155,644
Motor vehicles and equipment(3) ........ 117,854 107,738 102,725
Aircraft, guided missiles, and parts(3). 41,809 36,895 43,411
Instruments ............................. 30,994 30,103 29,697
Other durable goods ..................... 45,150 45,243 44,708
Lumber and wood products(3) ............ 17,996 19,171 16,690
Furniture and fixtures(3) .............. 16,939 17,000 17,268
Miscellaneous manufacturing(3) ......... 10,215 9,072 10,750
Mining(4) ................................. 19,143 17,253 17,297
Wholesale trade(4) ........................ 322,434 299,922 284,211
Retail trade(4) ........................... 343,976 299,949 315,535
(1) Revised.
(2) Includes leather industry (previously titled "Other Nondurables").
(3) Included in major industry above.
(4) Mining and trade data are of the quarterly results of companies
in those divisions with assets over $50 million; whereas, data
for manufacturing corporations represent the quarterly results of
companies with assets over $250,000.
TABLE 2. PART B--SALES AND PROFITS OF CORPORATIONS ENGAGED IN
MANUFACTURING, MINING, AND TRADE--NOT SEASONALLY ADJUSTED
Operating Profits*
4Q 3Q 4Q
Industry Group 1999 1999(1) 1998(1)
(million dollars)
All manufacturing corporations ............ 75,692 83,837 68,637
Nondurable goods .......................... 36,125 43,456 31,637
Food and tobacco......................... 11,301 11,762 11,387
Textiles ................................ 757 754 789
Apparel(2) .............................. 810 1,844 330
Paper ................................... 4,217 4,116 2,326
Printing ................................ 5,849 5,754 5,368
Chemicals ............................... 7,033 11,007 9,810
Industrial chemicals and synthetics(3).. 828 2,916 2,077
Drugs(3) ............................... 3,138 4,550 4,262
Residual of chemicals(3)................ 3,066 3,541 3,470
Petroleum ............................... 4,628 6,360 (150)
Rubber .................................. 1,529 1,859 1,778
Durable goods ............................. 39,567 40,382 37,000
Stone, clay, and glass .................. 2,104 3,040 2,045
Primary metals .......................... 1,503 1,769 1,815
Iron and steel(3) ...................... 555 607 805
Nonferrous metals(3).................... 948 1,162 1,010
Fabricated metals ....................... 3,490 4,501 2,941
Machinery ............................... 5,836 5,446 5,405
Electrical machinery .................... 11,685 10,502 10,994
Transportation Equipment ................ 9,293 8,214 7,834
Motor vehicles and equipment(3) ........ 4,886 4,009 4,632
Aircraft, guided missiles, and parts(3). 3,383 3,114 2,871
Instruments ............................. 2,994 3,359 2,927
Other durable goods ..................... 2,662 3,551 3,039
Lumber and wood products(3) ............ 1,086 1,569 800
Furniture and fixtures(3) .............. 1,034 1,341 1,313
Miscellaneous manufacturing(3) ......... 542 641 926
Mining(4) ................................. 2,004 1,621 201
Wholesale trade(4) ........................ 8,762 8,207 5,946
Retail trade(4) ........................... 20 957 14,119 18,778
* Operating profits are profits before nonoperating income and expense
items and income taxes.
(1) Revised.
(2) Includes leather industry (previously titled "Other Nondurables").
(3) Included in major industry above.
(4) Mining and trade data are of the quarterly results of companies
in those divisions with assets over $50 million; whereas, data
for manufacturing corporations represent the quarterly results of
companies with assets over $250,000.
TABLE 2. PART C--SALES AND PROFITS OF CORPORATIONS ENGAGED IN
MANUFACTURING, MINING, AND TRADE--NOT SEASONALLY ADJUSTED
After-Tax Profits
4Q 3Q 4Q
Industry Group 1999 1999(1) 1998(1)
(million dollars)
All manufacturing corporations ............ 65,806 68,283 43,785
Nondurable goods .......................... 29,817 33,484 14,648
Food and tobacco ........................ 7,762 7,800 4,474
Textiles ................................ 130 285 303
Apparel(2) .............................. 471 1,099 45
Paper ................................... 2,343 1,901 418
Printing ................................ 4,038 3,419 3,613
Chemicals ............................... 8,963 11,359 8,445
Industrial chemicals and synthetics(3).. 1,453 1,879 803
Drugs(3) ............................... 6,079 7,161 6,478
Residual of chemicals(3)................ 1,431 2,319 1,164
Petroleum ............................... 5,204 6,678 (3,639)
Rubber .................................. 907 944 991
Durable goods ............................. 35,989 34,799 29,137
Stone, clay, and glass .................. 1,303 2,042 (109)
Primary metals .......................... 604 931 658
Iron and steel(3) ...................... 31 99 45
Nonferrous metals(3) ................... 572 832 613
Fabricated metals ....................... 1,673 3,410 1,412
Machinery ............................... 6,511 6,939 6,716
Electrical machinery .................... 12,852 9,839 10,287
Transportation equipment ................ 7,861 6,904 6,860
Motor vehicles and equipment(3) ........ 5,762 4,732 4,974
Aircraft, guided missiles, and parts(3). 1,694 1,613 1,861
Instruments ............................. 3,747 2,648 1,667
Other durable goods ..................... 1,438 2,085 1,645
Lumber and wood products(3) ............ 618 1,040 406
Furniture and fixtures(3) .............. 629 587 807
Miscellaneous manufacturing(3) ......... 192 459 432
Mining(4) ................................. 568 1,295 (4,790)
Wholesale trade(4) ........................ 4,734 5,072 2,837
Retail trade(4) ........................... 12,062 5,960 9,872
(1) Revised.
(2) Includes leather industry (previously titled "Other Nondurables").
(3) Included in major industry above.
(4) Mining and trade data are of the quarterly results of companies
in those divisions with assets over $50 million; whereas, data
for manufacturing corporations represent the quarterly results of
companies with assets over $250,000.
TABLE 3. PART A--QUARTERLY FINANCIAL REPORT FOR MANUFACTURING
CORPORATIONS--SEASONALLY ADJUSTED
Sales(1)
Industry Group and Year Q1 Q2 Q3 Q4
(million dollars)
All manufacturing:
1992 .......................... 704,638 717,984 729,830 737,010
1993 .......................... 743,911 751,074 753,401 766,314
1994 .......................... 784,929 802,888 825,150 841,431
1995 .......................... 872,100 872,495 883,356 899,283
1996 .......................... 915,337 932,423 948,101 960,122
1997 .......................... 967,622 972,329 986,671 992,529
1998 .......................... 992,667 982,179 986,611 988,556
1999 ..........................1,001,763 1,021,727 1,048,403 1,064,094
All nondurable manufacturing:
1992 .......................... 367,382 374,405 378,422 379,896
1993 .......................... 382,010 382,626 379,358 381,115
1994 .......................... 387,549 394,696 405,657 409,718
1995 .......................... 426,037 427,663 430,702 435,675
1996 .......................... 442,474 452,696 457,448 462,590
1997 .......................... 463,283 457,631 460,748 462,486
1998 .......................... 452,316 448,304 442,924 437,755
1999 .......................... 445,753 457,217 470,100 482,359
All durable manufacturing:
1992 .......................... 337,256 343,579 351,408 357,114
1993 .......................... 361,901 368,448 374,043 385,199
1994 .......................... 397,380 408,192 419,493 431,713
1995 .......................... 446,063 444,832 452,654 463,608
1996........................... 472,863 479,727 490,653 497,532
1997 .......................... 504,339 514,698 525,923 530,043
1998 .......................... 540,351 533,875 543,687 550,801
1999 .......................... 556,010 564,510 578,303 581,735
(1) Revised.
TABLE 3. PART B--QUARTERLY FINANCIAL REPORT FOR MANUFACTURING
CORPORATIONS--SEASONALLY ADJUSTED
After-Tax Profits(1)
Industry Group and Year Q1 Q2 Q3 Q4
(million dollars)
All manufacturing:
1992 .......................... (42,688) 24,188 25,974 14,643
1993 .......................... 12,659 19,464 23,505 27,507
1994 .......................... 36,560 41,305 45,361 51,701
1995 .......................... 53,061 52,214 49,221 43,642
1996 .......................... 51,607 54,463 60,918 57,858
1997 .......................... 61,334 62,722 61,271 59,083
1998 .......................... 75,523 50,555 60,052 48,189
1999 .......................... 60,517 62,569 67,439 69,960
All nondurable manufacturing:
1992 .......................... (4,166) 18,002 17,089 14 991
1993 .......................... 12,756 15,358 11,728 15,715
1994 .......................... 19,049 19,953 22,495 26,227
1995 .......................... 26,003 28,412 27,643 21,734
1996 .......................... 28,200 28,761 32,091 29,671
1997 .......................... 33,656 31,474 30,339 27,572
1998 .......................... 30,132 29,822 30,340 16,227
1999 .......................... 26,685 27,657 30,951 31,222
All durable manufacturing:
1992 .......................... (38,522) 6,186 8 885 (348)
1993 .......................... (97) 4,106 11,777 11,792
1994 .......................... 17,511 21,352 22,866 25,474
1995 .......................... 27,058 23,802 21,578 21,908
1996 .......................... 23,407 25,702 28,827 28,187
1997 .......................... 27,678 31,248 30,932 31,511
1998 .......................... 45,391 20,733 29,712 31,962
1999 .......................... 33,832 34,912 36,488 38,738
(1) Revised.
TABLE 4. INCOME STATEMENT FOR RETAIL TRADE CORPORATIONS WITH ASSETS OF
$50 MILLION AND OVER
4Q 3Q 4Q
Item 1999 1999(1) 1998(1)
(million dollars)
Net sales, receipts, and operating revenues .. 343,976 299,949 315,535
Less: Depreciation, depletion and
amortization ......................... 6,717 6,359 5,941
Less: All other operating costs and expenses . 316,302 279,472 290,816
Income (or loss) from operations ........... 20,957 14,119 18,778
Net nonoperating income (expense) ............ (1,565) (3,146) (2,822)
Income (or loss) before income taxes ....... 19,393 10,973 15,956
Less: Provision for current and deferred
domestic income taxes ................ 7,330 5,014 6,084
Income (or loss) after income taxes ........ 12,062 5,960 9,872
Cash dividends charged to retained earnings
in current quarter ......................... 1,431 1,581 1,557
Net income retained in business ............ 10,631 4,379 8,316
Retained earnings at beginning of quarter .... 152,741 147,668 127,189
Other direct credits (or charges) to retained
earnings (net) ............................. (2,395) (1,174) (478)
Retained earnings at end of quarter ........ 160,977 150,872 135,026
(1) Revised.
--------------------------------------------------------------------------
TABLE 5. INCOME STATEMENT IN RATIO FORMAT FOR RETAIL TRADE CORPORATIONS
WITH ASSETS OF $50 MILLION AND OVER
4Q 3Q 4Q
Item 1999 1999(1) 1998(1)
(cents)
Net sales, receipts, and operating revenues .. 100.0 100.0 100.0
Less: Depreciation, depletion, and
amortization ............................... 2.0 2.1 1.9
Less: All other operating costs and expenses . 92.0 93.2 92.2
Income (or loss) from operations ........... 6.1 4.7 6.0
Net nonoperating income (expense) ............ (0.5) (1.0) (0.9)
Income (or loss) before income taxes ....... 5.6 3.7 5.1
Less: Provision for current and deferred
domestic income taxes ...................... 2.1 1.7 1.9
Income (or loss) after income taxes ........ 3.5 2.0 3.1
(1) Revised
--------------------------------------------------------------------------
TABLE 6. OPERATING RATIOS FOR RETAIL TRADE CORPORATIONS WITH ASSETS OF
$50 MILLION AND OVER
4Q 3Q 4Q
Item 1999 1999(1) 1998(1)
(percent)
Annual rate of profit on stockholders` equity
at end of period:
Before income taxes ...................... 33.60 19.83 31.27
After income taxes ....................... 20.90 10.77 19.35
Annual rate of profit on total assets:
Before income taxes ...................... 12.45 7.07 11.05
After income taxes ....................... 7.74 3.84 6.83
(1) Revised.
ORDER & RELEASE INFORMATION
[Economic Indicator Release Schedule]
Quarter Manufacturing, Mining, and Wholesale Trade Retail Trade
First 2000 June 12 July 12
Second 2000 September 11 October 12
Third 2000 December 12
**Note: Retail Data will be included in the release for manufacturing, mining, and wholesale trade.

Maintained by Traci Gillespie-Brown
Revised Monday, 01-Mar-2004 09:16:09 EST.