Note: For order information, see the end of this report.
After-tax profits averaged 1.8 cents per dollar of sales for the second quarter of 2001, down 0.2 (+\-0.1) cents compared to the preceding quarter, and down 0.1 (+\-0.1) cents from the second quarter of 2000. The annual rate of after-tax profit on stockholders` equity was 9.8 percent, down 0.7 percent (+\-0.5%) from the 10.5 percent of the first quarter of 2001, and down 0.8 percent (+\-0.7%) from the 10.6 percent of the second quarter of 2000.
These data are based on quarterly financial reports obtained from 519 corporations. More detailed information on the retail trade sector for the second quarter will be published in the Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations Third Quarter 2001 which is scheduled for release on December 14, 2001.
Beginning in May 2001, the economic indicator programs published by the U.S. Census Bureau began the process of converting to theNorth 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.
EXPLANATORY NOTES:
This quarter`s publication contains data revised due to the reclassification of corporations by industry, and revisions that reflect respondents` corrections of data submitted 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 non-sampling variability such as response error, non-reporting, and coverage errors. Estimates of sampling variability are presented in the publication. A statement such as "up 2.5 (+/-0.1) cents," appearing in the text, indicates the range (+2.4 to +2.6 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.
This report is available on the day of issue on the Department of Commerce`s Internet site at (http://www.census.gov/csd/qfr/).
2Q 1Q 2Q Item 2001 2001(1) 2000(1) (million dollars) Net sales, receipts, and operating revenues.... 348,088 338,131 327,111 Less: Depreciation, depletion, and amortization 7,442 7,317 6,812 Less: All other operating costs and expenses... 326,027 316,841 306,071 Income (or loss) from operations............. 14,619 13,973 14,228 Interest Expense .............................. 4,410 4,282 4,270 All other nonoperating income (expense)........ 341 1,336 915 Income (or loss) before income taxes......... 10,550 11,026 10,873 Less: Provision for current and deferred domestic income taxes........................ 4,187 4,351 4,595 Income (or loss) after income taxes.......... 6,364 6,675 6,278 Cash dividends charged to retained earnings in current quarter........................... 1,622 1,364 1,520 Net income retained in business.............. 4,742 5,311 4,759 Retained earnings at beginning of quarter...... 175,799 173,140 156,661 Other direct credits (or charges) to retained earnings (net)...................... (789) (977) (1,044) Retained earnings at end of quarter............ 179,752 177,473 160,375(1) Revised data reflects reclassification of corporations by industry, and respondents` corrections and/or restatements of prior data subsequent to original publication.
2Q 1Q 2Q Item 2001 2001(1) 2000(1) (cents) Net sales, receipts, and operating revenues.... 100.0 100.0 100.0 Less: Depreciation, depletion, and amortization 2.1 2.2 2.1 Less: All other operating costs and expenses... 93.7 93.7 93.6 Income (or loss) from operations............. 4.2 4.1 4.3 Interest Expense .............................. 1.3 1.3 1.3 All other nonoperating income (expense)........ 0.1 0.4 0.3 Income (or loss) before income taxes......... 3.0 3.3 3.3 Less: Provision for current and deferred domestic income taxes........................ 1.2 1.3 1.4 Income (or loss) after income taxes.......... 1.8 2.0 1.9(1) Revised data reflects reclassification of corporations by industry, and respondents` corrections and/or restatements of prior data subsequent to original publication.
2Q 1Q 2Q Item 2001 2001(1) 2000(1) (percent) Annual rate of profit on stockholders` equity at end of period: Before income taxes......................... 16.32 17.33 18.36 After income taxes.......................... 9.85 10.49 10.60 Annual rate of profit on total assets: Before income taxes......................... 6.08 6.47 6.77 After income taxes.......................... 3.67 3.92 3.91(1) Revised data reflects reclassification of corporations by industry, and respondents` corrections and/or restatements of prior data subsequent to original publication.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade Corporations--QFR-01-2, October 2001. U.S. Census Bureau, October 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,
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(foreign customers, $48.75 on an international money order or by draft on a
U.S. bank).
Electronic files are also available on
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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.
[Economic Indicator Release Schedule]
Quarter Manufacturing, Mining, and Wholesale Trade Retail Trade
Third 2001 December 14, 2001 January 16, 2002
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