![[CHART 1: Manufacturing After-Tax Profits]](https://webarchive.library.unt.edu/eot2008/20081017225444im_/http://www.census.gov/csd/qfr/images/qfr012mg.jpg)
CHART 2:
[Manufacturing Profits Per Dollar of Sales]
![[U.S. Department of Commerce Seal]](https://webarchive.library.unt.edu/eot2008/20081017225444im_/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. |
Manufacturing corporations' seasonally adjusted after-tax profits for the second quarter of 2001 were $23.0 billion, down $49.6 (+\-1.9) billion from the second quarter of 2000, but up $19.5 (+\-1.8) billion from the $3.5 billion posted in the first quarter 2001, the Commerce Department's Census Bureau reported. First quarter 2001 profits were significantly revised down from $45.3 billion previously reported, primarily due to restatement of nonrecurring charges to the first quarter. Manufacturers' sales at $1,124.0 billion showed no statistically significant change from the second quarter 2000. Second quarter 2001 profits averaged 2.0 cents per dollar of sales, down 4.4 (+\-0.2) cents from the same quarter a year ago, but up 1.7 (+\-0.2) cents from the previous quarter.
Durable goods manufacturers had second quarter 2001 after-tax losses of $12.5 billion, down $46.0 (+\-0.5) billion from the second quarter 2000. Compared to first quarter 2001, the loss decreased by $17.0 (+\-1.7) billion or 57.7 percent (+\-4.7%).
Durable goods manufacturers sales were $585.1 billion, with losses averaging 2.1 cents per dollar of sales, down 7.6 (+\-0.3) cents from the second quarter 2000, and up 2.8 (+\-0.3) cents from the previous quarter. Nondurable goods manufacturers second quarter 2001 after-tax profits were $35.5 billion, down $3.6 (+\-0.9) billion from the second quarter 2000 but up $2.5 (+\-0.8) billion or 7.5 percent (+\-2.5%) from the previous quarter. Sales were $538.9 billion, with profits averaging 6.6 cents per dollar of sales, down 0.9 (+\-0.2) cents from the second quarter 2000, but up 0.5 (+\-0.2) cents from the previous quarter.
Unadjusted manufacturers' after-tax profits in the second quarter of 2001 were $28.7 billion, down $49.6 (+\-1.9) billion or 63.4 percent (+\-1.9%) from the second quarter of 2000. Sales at $1,142.4 billion showed no statistically significant change from the same quarter a year ago. Profits averaged 2.5 cents per dollar of sales for the second quarter, down 4.3 (+\-0.2) cents from the same quarter a year ago. After-tax losses for durable goods manufacturers were $8.3 billion, down $46.2 (+\-0.5) billion from the second quarter of 2000. Sales at $598.3 billion were down $28.3 (+\-6.0) billion, or 4.5 percent (+\-0.9%), from the same quarter a year ago. Losses averaged 1.4 cents per dollar of sales, down 7.5 (+\-0.3) cents from the second quarter of 2000. Nondurable goods manufacturers reported after-tax profits of $37.0 billion, down $3.4 (+\-0.9) billion from the second quarter 2000, and sales of $544.1 billion, up $20.5 (+\-5.3) billion or 3.9 percent (+\-1.0%) from that quarter. Their profits averaged 6.8 (+\-0.1) cents per dollar of sales compared with 7.7 (+\-0.1) cents, from the same quarter a year ago.
Unadjusted durable manufacturers' after-tax profits for the second quarter of 2001 dropped $46.2 (+\-0.5) billion from the second quarter of 2000. Most durable industries reported declines. Electrical machinery posted the largest decrease of $26.9 (+\-0.2) billion which resulted from nonrecurring charges, followed by motor vehicles' $5.3 (+\-0.1) billion decrease which resulted from declining operating profits. Stone, clay and glass posted a loss of $5.0 (+\-0.1) billion which resulted from nonrecurring charges and lower equity income. Machinery's $3.5 (+\-1.2) billion decline resulted from lower operating profits.
When compared to the first quarter of 2001, unadjusted durable manufacturers' after-tax profits for the second quarter of 2001 were up $20.5 (+\-1.7) billion. The largest change was an increase of $25.5 (+\-0.8) billion in electrical machinery which resulted from improved operating profits and lower nonrecurring charges. Stone, clay, and glass reported a decline in profits of $4.2 (+\-0.1) billion which resulted from higher nonrecurring charges and lower equity income. Lumber and wood, motor vehicles, and nonferrous metals reported modest gains. Fabricated metals, machinery, aircraft, and furniture and fixtures all showed no statistically significant change. All other durable manufacturers' reported modest losses.
Unadjusted nondurable manufacturers' after-tax profits for the second quarter of 2001 were down $3.4 (+\-0.9) billion from the second quarter a year ago. Increases in drugs and petroleum, $2.6 (+\-0.2) billion and $2.2 (+\-0.1) billion respectively, were not able to offset declines in other nondurable goods manufacturing industries. Declines in industrial chemicals' $3.0 (+\-0.01) billion, printing and publishing, $1.6 (+\-0.6) billion, paper and allied products $1.2 (+\-0.2) billion, and rubber $1.1 (+\-0.4) billion came mainly from operations. Food and tobacco, apparel and textiles showed no statistically significant change.
When compared to the first quarter of 2001, unadjusted nondurable manufacturers' after-tax profits were up $4.2 (+\-0.8) billion. The largest increase was in drugs, up $1.6 (+\-0.2) billion, which mainly came from improved operating profits and lower nonrecurring charges. Food and tobacco also reported increased profits, up $1.6 (+\-0.3) billion mainly resulting from operations. Printing and publishing and petroleum posted small gains. Paper and allied products, industrial chemicals, textile, rubber, and apparel showed no statistically significant change.
After-tax profits of large mining corporations with assets of $50 million and over were reported at $4.8 billion, up 42.7 percent (+\-9.3%) from second quarter 2000 but down 15.8 percent (+\-2.8%) from first quarter 2001. Sales for these large mining corporations for second quarter 2001 were $30.2 billion, up $6.0 (+\-1.0) billion from a year ago but down $3.5 (+\-0.9) billion from the first quarter 2001. After tax profits per dollar of sales, averaged 15.8 (+\-0.4) cents per dollar compared to 13.8 (+\-0.9) cents per dollar of sales in the second quarter 2000 and 16.8 (+\-0.5) cents per dollar of sales in the first quarter 2001.
After-tax profits of large wholesale corporations with assets of $50 million and over were $2.0 billion, down $2.7 (+\-0.4) billion from the second quarter 2000 and showing no statistically significant change from the first quarter 2001.
Sales for these large wholesalers for second quarter 2001 were $323.8 billion showing no statistically significant change from the same quarter a year ago or the first quarter 2001. After tax profits per dollar of sales, averaged 0.6 (+\-0.1) cents per dollar of sales compared to 1.4 (+\-0.1) cents per dollar of sales in the second quarter 2000 and 0.7 (+\-0.1) cents per dollar of sales in the first quarter 2001.
Beginning in May 2001, the economic indicator programs published by the U.S. Census Bureau began the process of converting to the North American Industry Classification System (NAICS). The Quarterly Financial Report Program will begin publishing on the NAICS basis with the fourth quarter 2001 report scheduled for release in April 2002. Data for the prior four quarters (4Q 2000-3Q 2001) will be restated on the NAICS basis comparable with the fourth quarter 2001 data.
These advance data, based on quarterly financial reports from about 8,300 corporations, were released today from the Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations- Second quarter 2001 (QFR-01-2). 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 $39 domestic and $48.75 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 (301-457-4100). The annual subscription cost is $80; $50 for the programs and documentation. Third quarter 2001 advance data are scheduled for release on December 14, 2001.
This quarter's publication contains data revised due to the reclassification of corporations by industry, and revisions that reflect respondents' corrections and/or restatements of prior 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 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 (301-457-4100). The annual
subscription cost is $80; $50 for the programs and documentation.
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-01-2, September 2001. U.S. Census Bureau, September 2001.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-2, September 2001. U.S. Census Bureau, September 2001.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-2, September 2001. U.S. Census Bureau, September 2001.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-2, September 2001. U.S. Census Bureau, September 2001.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-2, September 2001. U.S. Census Bureau, September 2001.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-2, September 2001. U.S. Census Bureau, September 2001.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-2, September 2001. U.S. Census Bureau, September 2001.
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) 457-4100.
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
(301-457-4100). The annual subscription cost is
$80; $50 for the first diskette and $6 for each additional diskette.
Schedule of Advance Data Release Dates--2001
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:
Seasonally Adjusted
2Q 1Q 2Q
2001 2001(1) 2000(1)
Rate of return (after taxes):
Cents per dollar of sales ................ 2.0 0.3 6.4
Percent on equity (annual rate) .......... NA NA NA
(million dollars)
Sales ....................................1,124,038 1,138,961 1,131,745
Income after income taxes ................ 22,994 3,461 72,625
Dividends paid (cash) .................... NA NA NA
(1) Revised.
Unadjusted
2Q 1Q 2Q
2001 2001(1) 2000(1)
Rate of return (after taxes):
Cents per dollar of sales ................ 2.5 0.3 6.8
Percent on equity (annual rate) .......... 5.9 0.8 17.2
(million dollars)
Sales ....................................1,142,381 1,105,843 1,150,200
Income after income taxes ................ 28,659 3,836 78,275
Dividends paid (cash) .................... 27,163 25,680 36,057
(1) Revised.
Sales
2Q 1Q 2Q
Industry Group 2001 2001(1) 2000(1)
(million dollars)
All manufacturing corporations ............1,142,381 1,105,843 1,150,200
Nondurable goods .......................... 544,124 521,675 523,638
Food and tobacco......................... 129,586 122,537 123,811
Textiles ................................ 14,120 14,276 15,915
Apparel(2) .............................. 16,864 17,850 18,125
Paper ................................... 45,545 43,953 47,319
Printing ................................ 49,089 47,978 49,851
Chemicals ............................... 132,034 128,945 125,685
Industrial chemicals and synthetics(3).. 42,819 43,103 44,419
Drugs(3) ............................... 54,777 53,106 47,269
Residual of chemicals(3)................ 34,438 32,737 33,997
Petroleum ............................... 124,643 116,128 110,906
Rubber .................................. 32,243 30,009 32,747
Durable goods ............................. 598,256 584,168 626,562
Stone, clay, and glass .................. 23,982 20,663 24,300
Primary metals .......................... 38,308 38,315 41,693
Iron and steel(3) ...................... 19,464 18,040 21,838
Nonferrous metals(3).................... 18,845 20,276 19,855
Fabricated metals ....................... 47,667 45,654 47,772
Machinery ............................... 111,758 113,016 119,226
Electrical machinery .................... 126,510 131,907 135,952
Transportation Equipment ................ 174,014 162,165 179,758
Motor vehicles and equipment(3) ........ 120,299 113,011 126,667
Aircraft, guided missiles, and parts(3). 43,944 38,231 40,450
Instruments ............................. 31,283 30,742 32,085
Other durable goods ..................... 44,733 41,706 45,775
Lumber and wood products(3) ............ 17,079 14,908 18,783
Furniture and fixtures(3) .............. 19,420 18,137 18,693
Miscellaneous manufacturing(3) ......... 8,234 8,661 8,299
Mining(4) ................................. 30,225 33,721 24,265
Wholesale trade(4) ........................ 323,766 322,031 322,488
Retail trade(4) ........................... NA 338,131 327,111
(1) Revised data reflects reclassification of corporations by industry and
respondants' corrections and/or restatements of prior data subsequent
to original publication.
(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.
Operating Profits*
2Q 1Q 2Q
Industry Group 2001 2001(1) 2000(1)
(million dollars)
All manufacturing corporations ............ 65,565 56,463 100,287
Nondurable goods .......................... 48,613 39,661 51,149
Food and tobacco......................... 12,186 9,664 12,194
Textiles ................................ 626 674 765
Apparel(2) .............................. 1,141 1,390 1,137
Paper ................................... 3,179 2,851 4,725
Printing ................................ 3,861 2,998 5,857
Chemicals ............................... 12,991 9,529 12,652
Industrial chemicals and synthetics(3).. 990 (288) 3,947
Drugs(3) ............................... 8,935 7,252 6,073
Residual of chemicals(3)................ 3,065 2,565 2,632
Petroleum ............................... 13,234 11,281 11,048
Rubber .................................. 1,394 1,273 2,771
Durable goods ............................. 16,952 16,802 49,138
Stone, clay, and glass .................. 2,054 882 2,998
Primary metals .......................... 1,194 521 2,672
Iron and steel(3) ...................... 256 (275) 1,137
Nonferrous metals(3).................... 938 796 1,535
Fabricated metals ....................... 3,336 3,047 4,623
Machinery ............................... 5,502 6,176 8,823
Electrical machinery .................... (2,812) (165) 11,625
Transportation Equipment ................ 2,604 2,832 11,278
Motor vehicles and equipment(3) ........ (2,366) (1,327) 6,371
Aircraft, guided missiles, and parts(3). 4,036 3,366 3,496
Instruments ............................. 2,476 2,014 3,739
Other durable goods ..................... 2,598 1,493 3,379
Lumber and wood products(3) ............ 1,067 (146) 1,307
Furniture and fixtures(3) .............. 1,051 1,020 1,463
Miscellaneous manufacturing(3) ......... 481 619 609
Mining(4) ................................. 6,209 7,951 3,146
Wholesale trade(4) ........................ 6,476 6,197 9,850
Retail trade(4) ........................... NA 13,973 14,228
*Operating profits are profits before nonoperating income and expense
items and income taxes.
* Operating profits are profits before nonoperating income and expense
items and income taxes.
(1) Revised data reflects reclassification of corporations by industry and
respondants' corrections and/or restatements of prior data subsequent
to original publication.
(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.
After-Tax Profits
2Q 1Q 2Q
Industry Group 2001 2001(1) 2000(1)
(million dollars)
All manufacturing corporations ............ 28,659 3,836 78,275
Nondurable goods .......................... 36,962 32,684 40,363
Food and tobacco ........................ 7,778 6,224 8,077
Textiles ................................ 85 84 81
Apparel(2) .............................. 652 715 638
Paper ................................... 1,081 935 2,320
Printing ................................ 1,576 904 3,195
Chemicals ............................... 12,200 10,742 13,599
Industrial chemicals and synthetics(3).. (62) (70) 2,901
Drugs(3) ............................... 11,031 9,396 8,463
Residual of chemicals(3)................ 1,231 1,417 2,235
Petroleum ............................... 13,135 12,615 10,870
Rubber .................................. 454 466 1,581
Durable goods ............................. (8,303) (28,847) 37,912
Stone, clay, and glass .................. (3,685) 514 1,323
Primary metals .......................... (486) (110) 1,202
Iron and steel(3) ...................... (1,425) (831) 166
Nonferrous metals(3) ................... 939 721 1,036
Fabricated metals ....................... 1,941 1,712 2,848
Machinery ............................... 4,818 5,467 8,338
Electrical machinery .................... (15,291) (40,719) 11,613
Transportation equipment ................ 1,980 1,686 7,612
Motor vehicles and equipment(3) ........ (920) (1,104) 4,368
Aircraft, guided missiles, and parts(3). 2,344 2,366 2,509
Instruments ............................. 1,181 2,267 3,131
Other durable goods ..................... 1,240 334 1,845
Lumber and wood products(3) ............ 660 (414) 892
Furniture and fixtures(3) .............. 357 405 727
Miscellaneous manufacturing(3) ......... 223 343 227
Mining(4) ................................. 4,765 5,658 3,339
Wholesale trade(4) ........................ 1,967 2,237 4,637
Retail trade(4) ........................... NA 6,675 6,278
(1) Revised data reflects reclassification of corporations by industry and
respondants' corrections and/or restatements of prior data subsequent
to original publication.
(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.
Sales(1)
Industry Group and Year Q1 Q2 Q3 Q4
(million dollars)
All manufacturing:
1994 .......................... 784,647 803,032 825,308 841,503
1995 .......................... 871,503 872,841 883,575 899,395
1996 .......................... 914,420 932,912 948,382 960,598
1997 .......................... 966,017 972,951 986,962 993,759
1998 .......................... 990,106 982,800 986,980 990,580
1999 ..........................1,003,152 1,028,742 1,050,537 1,065,867
2000 ..........................1,119,941 1,131,745 1,149,354 1,146,239
2001 ..........................1,138,961 1,124,038
All nondurable manufacturing:
1994 .......................... 387,413 394,748 405,708 409,778
1995 .......................... 425,828 427,711 430,836 435,694
1996 .......................... 442,309 452,575 457,719 462,710
1997 .......................... 463,194 456,902 461,412 462,936
1998 .......................... 452,213 446,784 443,976 438,656
1999 .......................... 445,142 454,508 462,005 472,886
2000 .......................... 505,823 518,210 529,441 537,272
2001 .......................... 538,011 538,925
All durable manufacturing:
1994 .......................... 397,234 408,284 419,600 431,725
1995 .......................... 445,675 445,130 452,739 463,701
1996........................... 472,111 480,337 490,663 497,888
1997 .......................... 502,823 516,049 525,550 530,823
1998 .......................... 537,893 536,016 543,004 551,924
1999 .......................... 558,010 574,234 588,532 592,981
2000 .......................... 614,118 613,535 619,913 608,967
2001 .......................... 600,950 585,113
(1) Revised.
After-Tax Profits(1)
Industry Group and Year Q1 Q2 Q3 Q4
(million dollars)
All manufacturing:
1994 .......................... 36,363 41,158 45,355 52,177
1995 .......................... 52,720 52,003 49,256 44,317
1996 .......................... 51,124 54,057 61,085 58,822
1997 .......................... 60,627 62,077 61,572 60,426
1998 .......................... 74,555 49,643 60,530 49,847
1999 .......................... 59,645 64,462 66,101 67,646
2000 .......................... 76,980 72,625 72,375 52,385
2001 .......................... 3,461 22,994
All nondurable manufacturing:
1994 .......................... 18,979 19,831 22,424 26,589
1995 .......................... 25,861 28,188 27,572 22,305
1996 .......................... 27,996 28,306 32,078 30,541
1997 .......................... 33,365 30,713 30,351 28,848
1998 .......................... 29,765 28,679 30,430 17,826
1999 .......................... 26,510 29,215 30,765 30,990
2000 .......................... 37,565 39,119 36,320 30,184
2001 .......................... 33,012 35,498
All durable manufacturing:
1994 .......................... 17,384 21,327 22,931 25,588
1995 .......................... 26,859 23,815 21,684 22,012
1996 .......................... 23,128 25,751 29,007 28,281
1997 .......................... 27,262 31,364 31,221 31,578
1998 .......................... 44,790 20,964 30,100 32,021
1999 .......................... 33,135 35,247 35,336 36,656
2000 .......................... 39,415 33,506 36,055 22,201
2001 .......................... (29,551) (12,504)
(1) Revised.
ORDER & RELEASE INFORMATION
[Economic Indicator Release Schedule]
Quarter Manufacturing, Mining, and Wholesale Trade Retail Trade
Second 2001 October 16, 2001
Third 2001 December 14, 2001 January 16, 2002
Back to Quarterly Financial
Report
###
Maintained by Traci Gillespie-Brown
Revised Monday, 01-Mar-2004 09:01:50 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