Table 3.—Selected Financial and Operating Data for Nonbank U.S. Parents, Foreign Affiliates, and MOFA's, 1989 and 1992
[Millions of dollars or thousands of employees, unless otherwise noted]
| Selected data items | Latest benchmark survey data, covering 1989 | Latest annual survey data, covering 1992 | ||||
| U.S. parents | All foreign affiliates | MOFA's | U.S. parents | All foreign affiliates | MOFA's | |
| Balance sheet | ||||||
| Assets | 4,852,373 | 1,330,028 | 1,080,247 | 5,570,464 | 1,746,757 | 1,463,521 |
| Liabilities | 3,613,323 | 838,098 | 673,173 | 4,237,922 | n.a. | 925,800 |
| Owners' equity | 1,239,050 | 491,930 | 407,074 | 1,332,542 | n.a. | 537,721 |
| Income statement | ||||||
| Income | 3,258,875 | 1,336,208 | 1,060,058 | n.a. | n.a. | 1,341,862 |
| Costs and expenses | 3,088,212 | 1,250,866 | 987,916 | n.a. | n.a. | 1,278,244 |
| Net income | 170,663 | 85,342 | 72,142 | 43,409 | 74,015 | 63,618 |
| Sales by type and destination | ||||||
| Total sales | 3,136,837 | 1,284,894 | 1,019,966 | 3,353,017 | 1,578,683 | 1,298,532 |
 Goods |
2,204,073 | n.a. | 889,875 | 2,309,111 | n.a. | 1,113,043 |
| Services |
786,491 | n.a. | 109,631 | 897,209 | n.a. | 153,674 |
| Investment income/1/ |
146,273 | n.a. | 20,461 | 146,697 | n.a. | 31,817 |
| To U.S. customers |
2,841,052 | n.a. | 114,719 | n.a. | n.a. | 130,518 |
| Affiliated/2/ |
n.a. | 92,968 | n.a. | 104,067 | ||
| Unaffiliated |
2,841,052 | n.a. | 21,751 | n.a. | n.a. | 26,451 |
| To foreign customers |
295,785 | n.a. | 905,247 | n.a. | n.a. | 1,168,015 |
| Affiliated/2/ |
130,487 | n.a. | 153,198 | n.a. | n.a. | 220,087 |
| Unaffiliated |
165,298 | n.a. | 752,049 | n.a. | n.a. | 947,929 |
| Employment and employee compensation | ||||||
| Employment | 18,765.4 | 6,622.1 | 5,114.0 | 17,617.2 | 6,727.5 | 5,359.8 |
| Employee compensation | 666,196 | 165,804 | 132,565 | 722,796 | 201,408 | 169,623 |
| Compensation per hour of production workers in manufacturing (dollars) | n.a. | n.a. | 10.37 | n.a. | n.a. | n.a. |
| U.S. merchandise trade | ||||||
| Exports | 223,352 | 102,558 | 97,488 | 245,475 | 120,255 | 114,139 |
| Imports | 181,095 | 97,394 | 84,298 | 199,858 | 109,235 | 98,850 |
| Technology | ||||||
| Research and development funded by | 59,925 | n.a. | 7,048 | 71,796 | n.a. | 10,159 |
| Research and development performed by | 82,227 | n.a. | 7,922 | n.a. | n.a. | n.a. |
| External financial position of MOFA's | ||||||
| Balance at close of year: | ||||||
| Total external funds/3/ |
754,015 | 1,061,160 | ||||
| By provider: |
||||||
| U.S. parents |
215,929 | 306,272 | ||||
| Other U.S. persons |
22,846 | 42,154 | ||||
| Persons in affiliate's country of location |
401,854 | 535,597 | ||||
| Other foreign persons |
113,385 | 177,137 | ||||
| Gross product | 1,044,884 | n.a. | 319,994 | n.a. | n.a. | 363,696 |
n.a. Not available.
- Some parents and MOFA's, primarily those in finance and insurance, include investment income in sales or gross operating revenues. Most parents and MOFA's not in finance or insurance consider investment income an incidental revenue source and include it in their income statements in a separate "other income" category, rather than in sales. BEA collects separate data on investment income to ensure that—where it is included in total sales—it is not misclassified as sales of services.
- Sales among parents and affiliates that belong to the same MNC. Because U.S. parents represent the fully consolidated domestic operations of a U.S. MNC, they have no sales to affiliated U.S. persons.
- External funds (debt and equity) exclude MOFA retained earnings; thus, they represent financing that is not internally generated.
MOFA Majority-owned foreign affiliate
