![[CHART 1: Manufacturing After-Tax Profits]](https://webarchive.library.unt.edu/eot2008/20081017225359im_/http://www.census.gov/csd/qfr/images/qfr002mg.jpg)
CHART 2:
[Manufacturing Profits Per Dollar of Sales]
![[U.S. Department of Commerce Seal]](https://webarchive.library.unt.edu/eot2008/20081017225359im_/http://www.census.gov/pub/indicator/www/img/seal.gif)
Availability |
Order & Release |
QFR Program |
| 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. |
On an unadjusted basis, manufacturers' after-tax profits in the second quarter of 2000 were up $10.3 billion or 14.7 percent (+\-2.2%) from the second quarter of 1999 to $80.1 billion. Unadjusted sales at $1,147.5 billion were up $102.6 billion or 9.8 percent (+\-1.1%) from the same quarter a year ago. Profits averaged 7.0 cents per dollar of sales for the second quarter, up 0.3 (+\-0.1) cents from the same quarter a year ago. After-tax profits for durable goods manufacturers, not seasonally adjusted, were $39.3 billion, about the same as second quarter 1999. Unadjusted sales at $623.3 billion were up $37.3 billion or 6.4 percent (+\-1.4%) from the same quarter a year ago. Profits averaged 6.3 cents per dollars of sales for the second quarter, down 0.5 (+\-0.2) cents from the same quarter a year ago. Nondurable goods manufacturers reported after-tax profits of $40.8 billion on a not seasonally adjusted basis, 36.0 percent (+\-3.2%) above the same quarter last year, and sales of $524.3 billion, up $65.3 billion or 14.2 percent (+\-1.5%) from second quarter of 1999. Their profits averaged 7.8 cents per dollars of sales compared with 6.5 (+\-0.2) cents in the same quarter a year ago.
Industry Detail - Not Seasonally Adjusted
Unadjusted durable manufacturers' after-tax profits for the second quarter of 2000 were virtually unchanged from the second quarter of 1999, with underlying industry categories showing mixed and offsetting results. Electrical machinery's $2.8 (+\-0.6) billion improvement was due to higher operating and nonoperating earnings this quarter. Aircraft's $0.7 (+\-0.1) billion decline was due to the absence of gains in asset sales reported in the second quarter of 1999. Stone, clay and glass, lumber, motor vehicles and furniture and fixtures all showed a slight decline from the second quarter of 1999, due mainly to lower operating profits.
When compared to the first quarter of 2000, unadjusted durable manufacturers' after-tax profits show virtually no change, with underlying industry categories showing mixed results. Machinery's $1.8 (+\-0.7) billion gain and increases in stone, clay and glass, and aircraft were all primarily due to higher operating profits during the quarter. Electrical machinery's profits were down $1.0 (+\-0.6) billion due to decreased nonoperating income that more than offset the improved operating profits this quarter. Motor vehicles and miscellaneous manufacturing reduction in profits were due to generally declining operating and nonoperating earnings.
Unadjusted nondurable manufacturers' after-tax profits for the second quarter of 2000 were up $10.8 billion or 36.0 percent (+\-3.2%) from the second quarter of 1999, with most underlying industry categories up. Petroleum's $6.6 (+\-0.1) billion increase, the largest of the group, was due to improvements in operating and nonoperating profits as well as equity earnings. Drugs' increase of $4.3 (+\-0.2) billion from a year ago was mainly due to the absence of significant nonrecurring charges taken in the second quarter of last year. Paper's $0.7 (+\-0.2) billion increase was the result of higher operating profits more than offsetting the nonrecurring charges taken this quarter. Industrial chemicals and apparel reported improved operating profits this quarter. Printing and food both showed declines that were due to the absence of nonrecurring gains reported last year. Residual of chemicals reported a decrease in operating profits that was partly offset by an increase in equity income.
When compared to the first quarter of 2000, unadjusted nondurable manufacturers' after-tax profits were up $4.0 billion or 10.9 percent (+\-2.3%), with underlying industry categories showing mixed results. Petroleum's $2.5 (+\-0.1) billion increase accounted for more than one-half of the increase in the nondurable industries; this was due to higher operating profits and dividend income. Drugs' $1.7 (+\-0.2) billion increase was due to improved equity earnings and an absence of significant nonoperating expenses this quarter. Residual of chemicals also showed improvement this quarter. Printing and publishing's operating profits were more than offset by the absence of nonoperating gains which were recorded last quarter.
Also included in this release are second quarter 2000 data for large mining and wholesale 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 Second quarter 2000 (QFR-00-2). 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 $80; $50 for the programs and documentation. Third quarter 2000 advance data are scheduled for release on December 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 format (.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, Census Bureau (MS1921), P.O. Box
277943, Atlanta, GA 30384-7943 (301-763-INFO(4636)). The annual
subscription cost is $80; $50 for the programs and documentation.
Third quarter 2000 advance data are scheduled for release on
December 12, 2000.
Questions regarding this report (or program) should be directed to
Ronald B. Horton (301) 457-3343 or Frank Hartman (301) 457-3379.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-00-2, September 2000. U.S. Census Bureau, September 2000.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-00-2, September 2000. U.S. Census Bureau, September 2000.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-00-2, September 2000. U.S. Census Bureau, September 2000.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-00-2, September 2000. U.S. Census Bureau, September 2000.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-00-2, September 2000. U.S. Census Bureau, September 2000.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-00-2, September 2000. U.S. Census Bureau, September 2000.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-00-2, September 2000. U.S. Census Bureau, September 2000.
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 annual subscription rate is $34,
(foreign 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
$80; $50 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 B. Horton (301) 457-3343 or
Frank Hartman (301) 457-3379.
Get Acrobat
Economic Indicators |
Overview |
Images |
Feedback |
Quarterly Financial Report
AVAILABILITY:
TABLE 1. PART A--QUARTERLY FINANCIAL REPORT FOR MANUFACTURING CORPORATIONS
Seasonally Adjusted
2Q 1Q 2Q
2000 2000(1) 1999(1)
Rate of return (after taxes):
Cents per dollar of sales ................ 6.6 6.7 6.3
Percent on equity (annual rate) .......... NA NA NA
(million dollars)
Sales ....................................1,126,412 1,121,618 1,026,856
Income after income taxes ................ 74,534 75,154 64,498
Dividends paid (cash) .................... NA NA NA
(1) Revised.
TABLE 1. PART B--QUARTERLY FINANCIAL REPORT FOR MANUFACTURING CORPORATIONS
Unadjusted
2Q 1Q 2Q
2000 2000(1) 1999(1)
Rate of return (after taxes):
Cents per dollar of sales ................ 7.0 6.9 6.7
Percent on equity (annual rate) .......... 17.7 17.6 18.2
(million dollars)
Sales ....................................1,147,548 1,087,835 1,044,995
Income after income taxes ................ 80,125 75,527 69,831
Dividends paid (cash) .................... 28,786 29,602 27,049
(1) Revised.
TABLE 2. PART A--SALES AND PROFITS OF CORPORATIONS ENGAGED IN
MANUFACTURING, MINING, AND TRADE--NOT SEASONALLY ADJUSTED
Sales
2Q 1Q 2Q
Industry Group 2000 2000(1) 1999(1)
(million dollars)
All manufacturing corporations ............1,147,548 1,087,835 1,044,995
Nondurable goods .......................... 524,277 494,025 458,988
Food and tobacco......................... 127,882 122,514 121,433
Textiles ................................ 15,219 14,177 15,378
Apparel(2) .............................. 18,107 17,731 17,409
Paper ................................... 47,838 45,970 41,281
Printing ................................ 49,727 47,410 47,210
Chemicals ............................... 124,512 119,884 119,085
Industrial chemicals and synthetics(3).. 44,239 41,553 39,960
Drugs(3) ............................... 42,744 42,348 39,068
Residual of chemicals(3)................ 37,529 35,983 40,057
Petroleum ............................... 108,731 95,826 67,090
Rubber .................................. 32,261 30,512 30,101
Durable goods ............................. 623,270 593,810 586,006
Stone, clay, and glass .................. 24,123 19,770 20,715
Primary metals .......................... 41,234 40,584 37,664
Iron and steel(3) ...................... 22,139 21,296 18,988
Nonferrous metals(3).................... 19,095 19,288 18,676
Fabricated metals ....................... 48,487 47,017 46,211
Machinery ............................... 118,622 110,776 112,759
Electrical machinery .................... 133,980 127,281 119,556
Transportation Equipment ................ 178,544 173,950 171,105
Motor vehicles and equipment(3) ........ 125,499 126,558 120,880
Aircraft, guided missiles, and parts(3). 40,544 35,194 39,864
Instruments ............................. 32,871 30,648 30,257
Other durable goods ..................... 45,409 43,784 47,740
Lumber and wood products(3) ............ 17,915 16,950 19,527
Furniture and fixtures(3) .............. 18,638 17,680 18,469
Miscellaneous manufacturing(3) ......... 8,856 9,154 9,744
Mining(4) ................................. 20,166 18,855 16,214
Wholesale trade(4) ........................ 315,862 305,114 281,787
Retail trade(4) ........................... NA 314,042 296,860
(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*
2Q 1Q 2Q
Industry Group 2000 2000(1) 1999(1)
(million dollars)
All manufacturing corporations ............ 98,912 86,906 89,050
Nondurable goods .......................... 50,679 44,474 41,256
Food and tobacco......................... 12,036 11,438 11,315
Textiles ................................ 789 773 718
Apparel(2) .............................. 1,304 1,187 875
Paper ................................... 4,847 4,451 3,466
Printing ................................ 6,014 4,984 5,682
Chemicals ............................... 12,825 12,486 13,031
Industrial chemicals and synthetics(3).. 3,847 3,199 3,394
Drugs(3) ............................... 5,361 5,574 4,966
Residual of chemicals(3)................ 3,617 3,713 4,671
Petroleum ............................... 10,140 7,058 3,941
Rubber .................................. 2,725 2,096 2,227
Durable goods ............................. 48,233 42,432 47,795
Stone, clay, and glass .................. 2,970 1,659 2,811
Primary metals .......................... 2,628 2,347 2,287
Iron and steel(3) ...................... 1,192 977 904
Nonferrous metals(3).................... 1,435 1,370 1,383
Fabricated metals ....................... 4,730 4,653 4,609
Machinery ............................... 7,512 6,096 8,195
Electrical machinery .................... 12,362 10,371 10,434
Transportation Equipment ................ 10,974 10,881 11,761
Motor vehicles and equipment(3) ........ 6,165 6,662 7,590
Aircraft, guided missiles, and parts(3). 3,408 3,041 3,091
Instruments ............................. 3,738 3,318 3,473
Other durable goods ..................... 3,320 3,107 4,225
Lumber and wood products(3) ............ 1,179 945 1,911
Furniture and fixtures(3) .............. 1,430 1,213 1,567
Miscellaneous manufacturing(3) ......... 710 949 747
Mining(4) ................................. 2,725 2,030 855
Wholesale trade(4) ........................ 10,196 8,416 7,988
Retail trade(4) ........................... NA 13,897 14,872
* 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
2Q 1Q 2Q
Industry Group 2000 2000(1) 1999(1)
(million dollars)
All manufacturing corporations ............ 80,125 75,527 69,831
Nondurable goods .......................... 40,780 36,772 29,976
Food and tobacco ........................ 7,810 7,659 8,544
Textiles ................................ 150 270 140
Apparel(2) .............................. 752 736 386
Paper ................................... 2,419 2,570 1,710
Printing ................................ 3,433 4,010 4,217
Chemicals ............................... 14,167 12,041 9,595
Industrial chemicals and synthetics(3).. 3,019 2,936 2,429
Drugs(3) ............................... 7,530 5,819 3,200
Residual of chemicals(3)................ 3,617 3,287 3,966
Petroleum ............................... 10,584 8,079 3,981
Rubber .................................. 1,466 1,406 1,401
Durable goods ............................. 39,345 38,755 39,856
Stone, clay, and glass .................. 1,319 774 1,950
Primary metals .......................... 1,424 1,533 1,277
Iron and steel(3) ...................... 445 451 360
Nonferrous metals(3) ................... 979 1,082 917
Fabricated metals ....................... 2,893 3,136 3,101
Machinery ............................... 8,185 6,344 8,656
Electrical machinery .................... 10,729 11,737 7,964
Transportation equipment ................ 9,991 10,182 11,345
Motor vehicles and equipment(3) ........ 6,825 7,322 7,343
Aircraft, guided missiles, and parts(3). 2,433 2,120 3,128
Instruments ............................. 3,024 3,216 2,779
Other durable goods ..................... 1,781 1,833 2,783
Lumber and wood products(3) ............ 811 610 1,383
Furniture and fixtures(3) .............. 697 554 877
Miscellaneous manufacturing(3) ......... 273 669 523
Mining(4) ................................. 1,928 1,193 118
Wholesale trade(4) ........................ 4,824 4,985 4,151
Retail trade(4) ........................... NA 6,953 7,008
(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:
1995 .......................... 871,276 872,817 883,526 899,782
1996 .......................... 914,183 932,694 948,393 961,083
1997 .......................... 965,890 972,414 987,129 994,366
1998 .......................... 990,172 981,650 987,632 991,118
1999 ..........................1,003,489 1,026,856 1,057,451 1,075,412
2000 ..........................1,121,618 1,126,412
All nondurable manufacturing:
1995 .......................... 425,579 427,785 430,738 436,004
1996 .......................... 442,061 452,627 457,459 463,175
1997 .......................... 462,906 457,212 460,630 463,788
1998 .......................... 451,759 447,274 442,986 439,647
1999 .......................... 444,544 455,183 470,340 485,763
2000 .......................... 509,418 519,202
All durable manufacturing:
1995 .......................... 445,697 445,032 452,788 463,778
1996 .......................... 472,122 480,067 490,934 497,908
1997........................... 502,984 515,202 526,499 530,578
1998 .......................... 538,413 534,376 544,646 551,471
1999 .......................... 558,945 571,673 587,111 589,649
(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:
1995 .......................... 52,799 51,947 49,512 44,054
1996 .......................... 51,160 54,009 61,393 58,533
1997 .......................... 60,624 62,013 62,042 59,996
1998 .......................... 74,506 49,649 61,115 49,258
1999 .......................... 59,593 64,498 66,504 67,616
2000 .......................... 75,154 74,534
All nondurable manufacturing:
1995 .......................... 25,888 28,242 27,667 22,115
1996 .......................... 27,993 28,431 32,193 30,275
1997 .......................... 33,324 30,921 30,577 28,391
1998 .......................... 29,670 29,061 30,732 17,163
1999 .......................... 26,380 29,751 31,186 30,986
2000 .......................... 36,809 40,201
All durable manufacturing:
1995 .......................... 26,911 23,705 21,845 21,939
1996 .......................... 23,167 25,578 29,200 28,258
1997 .......................... 27,300 31,092 31,465 31,605
1998 .......................... 44,836 20,588 30,383 32,095
1999 .......................... 33,213 34,747 35,318 36,630
2000 .......................... 38,345 34,333
(1) Revised.
ORDER & RELEASE INFORMATION
[Economic Indicator Release Schedule]
Quarter Manufacturing, Mining, and Wholesale Trade Retail Trade
Second 2000 October 12, 2000
Third 2000 December 12, 2000
Back to Quarterly Financial
Report
###
Maintained by Traci Gillespie-Brown
Revised Monday, 01-Mar-2004 08:59:45 EST.
Census Bureau Links: Home
· Search
· Subjects A-Z
· FAQs
· Data Tools
· Catalog
· Census 2000
· Quality
· Privacy Policy
· Contact Us
Page Last Modified: March 01, 2004