Corporations--Selected Income Statement and Balance Sheet Items statistics

[In billions of dollars (2,711 represents $2,711,000,000,000), except as noted. Covers active corporations only. All corporations are required to file returns except those specifically exempt. Beginning 1981, excludes taxable cooperatives, and 1985, foreign sales and interest-charge domestic international sales corporations. See source for changes in law affecting comparabililty of historical data. Based on samples; see Appendix III]


Item	1980	1981	1982	1983	1984	1985	1986	1987	1988	1989	1990	1991	1992	1993	1994	1995	1996	1997

Number of returns (1,000)	2,711	2,812	2,926	2,999	3,171	3,277	3,429	3,612	3,563	3,628	3,717	3,803	3,869	3,965	4,342	4,474	4,631	4,710
Number with net income (1,000)	1,597	1,597	1,608	1,676	1,778	1,820	1,908	1,995	1,909	1,922	1,911	1,942	2,064	2,145	2,392	2,455	2,588	2,647
S Corporation returns ¹(1,000)	545	541	564	648	701	725	826	1,128	1,257	1,423	1,575	1,698	1,785	1,902	2,024	2,153	2,304	2,452

Assets ²	7,617	8,547	9,358	10,201	11,107	12,773	14,163	15,311	16,568	17,647	18,190	19,030	20,002	21,816	23,446	26,014	28,642	33,030
Cash	529	533	541	590	596	683	763	754	785	824	771	787	806	812	853	962	1,097	1,299
Notes and accounts receivable	1,985	2,240	2,420	2,677	2,897	3,318	3,594	3,763	4,099	4,196	4,198	4,191	4,169	4,532	4,768	5,307	5,783	6,632
Inventories	535	588	581	599	664	715	733	829	846	879	894	884	915	947	1,126	1,045	1,079	1,114
Investments in Govt obligations	266	515	606	685	726	917	1,059	1,092	1,095	1,262	921	1,069	1,248	1,290	1,309	1,363	1,339	1,343
Mortgage and real estate	894	934	942	982	1,127	1,259	1,377	1,455	1,605	1,610	1,538	1,529	1,567	1,627	1,661	1,713	1,825	2,029
Other investments	1,214	1,388	1,605	1,798	1,973	2,414	2,848	3,227	3,614	3,971	4,137	4,750	4,971	5,701	6,265	7,429	8,657	10,756
Depreciable assets	2,107	2,353	2,583	2,730	2,913	3,174	3,383	3,603	3,821	4,070	4,318	4,549	4,755	4,969	5,284	5,571	5,923	6,208
Depletable assets	72	84	95	108	115	112	116	123	124	134	129	142	131	137	148	154	169	177
Land	93	102	110	119	128	141	150	159	177	191	210	215	221	230	239	242	254	262

Liabilities ²	7,617	8,547	9,358	10,201	11,107	12,773	14,163	15,311	16,568	17,647	18,190	19,030	20,002	21,816	23,446	26,014	28,642	33,030
Accounts payable	542	620	679	671	741	892	909	998	1,023	1,090	1,094	1,681	1,605	1,466	1,606	1,750	1,905	2,111
Short-term debt ³	505	586	667	760	867	1,001	1,084	1,247	1,431	1,602	1,803	1,500	1,560	1,569	1,831	2,034	2,328	2,582
Long-term debt ⁴	987	1,058	1,224	1,323	1,494	1,699	1,958	2,141	2,352	2,490	2,665	2,698	2,742	2,871	3,100	3,335	3,651	4,072
Capital stock	417	533	658	787	839	920	1,191	1,292	1,429	1,477	1,585	1,741	1,881	2,042	2,132	2,194	2,278	2,951
Paid-in or capital surplus	532	671	782	874	1,066	1,421	1,726	1,988	2,154	2,595	2,814	3,257	3,656	4,223	4,790	5,446	6,427	7,253
Retained earnings ⁵	1,070	1,170	1,228	1,274	1,308	1,366	1,394	1,417	1,493	1,522	1,410	1,441	1,431	1,662	1,698	2,191	2,519	3,113
Net worth	1,944	2,244	2,470	2,645	2,884	3,304	3,698	3,947	4,207	4,603	4,739	5,277	5,700	(NA)	7,031	8,132	9,495	11,353

Receipts ³ ⁶	6,361	7,026	7,024	7,135	7,861	8,398	8,669	9,582	10,265	10,935	11,410	11,436	11,742	12,270	13,360	14,539	15,526	16,610
Business receipts ⁶ ⁷	5,732	6,245	6,157	6,335	6,948	7,370	7,535	8,415	8,950	9,427	9,860	9,966	10,360	10,866	11,884	12,786	13,659	14,461
Interest ⁸	367	494	530	511	580	635	662	706	805	967	977	920	829	808	882	1,039	1,082	1,140
Rents and royalties	54	68	83	83	90	105	110	113	116	129	133	137	140	130	132	145	156	176

Deductions ³ ⁶	6,125	6,814	6,869	6,945	7,629	8,158	8,395	9,244	9,853	10,545	11,033	11,087	11,330	11,765	12,775	13,821	14,728	15,704
Cost of sales and operations ⁷	4,205	4,509	4,271	4,308	4,693	4,894	4,923	5,596	5,945	6,317	6,611	6,654	6,772	7,052	7,625	8,206	8,707	9,114
Compensation of officers	109	120	129	141	157	171	185	200	203	198	205	201	221	226	282	304	319	336
Rent paid on business property	72	82	95	105	119	135	145	154	161	173	185	193	196	201	223	232	248	265
Taxes paid	163	170	166	173	192	201	203	211	222	236	251	258	274	290	322	326	341	350
Interest paid	345	477	515	475	536	569	573	590	672	832	825	733	597	546	611	744	771	866
Depreciation	157	186	213	241	265	304	313	317	328	337	333	334	346	364	403	437	474	513
Advertising	52	60	65	72	82	92	99	107	114	124	126	129	134	140	157	163	177	188

Net income (less loss) ⁶ ⁹	239	214	154	188	233	240	270	328	413	389	371	345	402	498	577	714	806	915
Net income	297	301	274	297	349	364	409	465	556	556	553	536	570	659	740	881	987	1,118
Deficit	58	87	120	109	116	124	139	137	143	167	182	191	168	161	162	166	180	202

Income subject to tax	247	240	205	219	257	266	276	312	383	371	366	350	378	437	494	565	640	684
Income tax before credits ¹⁰	104	101	85	90	106	109	109	115	127	123	119	116	126	149	168	194	224	239
Tax credits ³	42	44	40	40	44	48	37	31	35	32	32	29	30	35	37	42	53	51
Foreign tax credit	25	22	19	20	21	24	21	21	27	24	25	21	22	23	25	30	40	42
Income tax after credits ¹¹	62	57	45	51	62	61	72	84	92	96	96	93	102	(NA)	136	156	171	184

NA Not available. 1 Represents certain small corporations with up to 35 shareholders (25 for 1982; 15 for 1980-81), mostly individuals, electing to be taxed at the shareholder level.
2 Includes items not shown separately.
3 Payable in less than 1 year.
4 Payable in 1 year or more.
5 Appropriated and unappropriated.
6 Beginning 1983, receipts, deductions and net income of S corporations are limited to those from trade or business. Those from investments are excluded.
7 Beginning 1987, includes gross sales and cost of sales of securities, commodities, and real estate by exchanges, brokers, or dealers selling on their own accounts. Previously, net gain included in total receipts only. Excludes investment income.
8 Includes tax-exempt interest in State and local government obligations.
9 Excludes regulated investment companies.
10 Consists of regular (and alternative tax) only.
11 Includes minimum tax, alternative minimum tax, adjustments for prior year credits, and other income-related taxes.

Source: U.S. Internal Revenue Service, Statistics of Income, Corporation Income Tax Returns, annual. http://www.irs.ustreas.gov/prod/tax_stats/index.html

http://www.allcountries.org/uscensus/862_corporations_selected_income_statement_and_balance.html

These tables are based on figures supplied by the United States Census Bureau, U.S. Department of Commerce and are subject to revision by the Census Bureau.

Copyright © 2006 Photius Coutsoukis and Information Technology Associates, all rights reserved.