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CHART 2:
[Manufacturing Profits Per Dollar of Sales]
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| 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. |
NOTE: This release marks the first time that the Quarterly Financial Report (QFR) program publishes data on the North American Industry Classification System (NAICS) basis. Data for the fourth quarter 2000 through third quarter 2001 are restated on the NAICS basis comparable to fourth quarter 2001 data presented in this release. Comparison to earlier Standard Industrial Classification system data presented in this release (Table 3) are useful only for trends analysis. This press release provides NAICS based comparison data for the fourth quarter 2000, and third and fourth quarters of 2001. NAICS based data for the fourth quarter 2000 through fourth quarter 2001 can be located at Publications under 2001 Quarterly Financial Reports, Fourth Quarter. For additional information on NAICS please visit http://www.census.gov/naics.
Manufacturing corporations' seasonally adjusted after-tax profits for the fourth quarter of 2001 were $8.8 billion, following the $10.9 billion profits in the third quarter 2001, and down $37.8 (+\-1.9) billion from the $46.6 billion in fourth quarter of 2000, the Commerce Department's Census Bureau reported. Manufacturers' after-tax profits have declined significantly from the $70 billion levels reached in the earlier quarters of 2000. In general, profits of nondurable goods manufacturers have been more than offseting losses by durable goods manufacturers.
Manufacturers' sales also declined during that period. Fourth quarter 2001 sales were $1,032.7 billion, down $38.4 (+\-7.0) billion from the prior quarter, and down $86.4 (+\-9.0) billion from the fourth quarter 2000.
Durable goods manufacturers had fourth quarter 2001 after- tax losses of $11.0 billion, following losses the first three quarters of the year, and weak profits of $17.5 billion in the fourth quarter 2000. Sales for the fourth quarter 2001 were $559.4 billion, with losses averaging 2.0 cents per dollar of sales for the quarter and following losses in the third quarter of 2.8 cents, second quarter of 2.7 cents, and first quarter of 5.4 cents per dollar of sales.
Nondurable goods manufacturers' fourth quarter 2001 after- tax profits were $19.7 billion, down $7.4 (+\-0.6) billion from the previous quarter, and down $9.4 (+\-1.0) billion from the fourth quarter 2000. Sales were $473.3 billion, with profits averaging 4.2 cents per dollar of sales, down 1.3 (+\-0.1) cents from the previous quarter, and down 1.6 (+\-0.2) cents from the fourth quarter 2000.
Manufacturing corporations' unadjusted after-tax profits in the fourth quarter 2001 were $4.3 billion, down $37.3 (+\-1.9) billion or 89.6 (+\-2.6) percent from the fourth quarter of 2000. Sales at $1,041.4 billion were down $87.4 (+\-9.0) billion from the same quarter a year ago.
Durable goods manufacturers posted fourth quarter 2001 after-tax losses of $12.9 billion, compared to a profit of $15.4 billion in fourth quarter of 2000. Sales at $567.0 billion were down $56.0 (+\-6.9) billion, or 9.0 (+\-1.0) percent from the same quarter a year ago. Losses for the current quarter averaged 2.3 cents per dollar of sales, compared to a profit of 2.5 cents in the fourth quarter of 2000.
Nondurable goods manufacturers reported after-tax profits of $17.2 billion, down $9.1 (+\-1.0) billion from the fourth quarter 2000; sales of $474.4 billion, were down $31.4 (+\-5.7) billion from that quarter. Profits averaged 3.6 cents per dollar of sales, down 1.6 (+\-0.2) cents from the fourth quarter 2000.
Durable Manufacturers: Durable goods manufacturers' after-tax losses of $12.9 billion for the fourth quarter of 2001 compare to weak profits of $15.4 billion or 2.5 cents per dollar of sales a year earlier. Five of the ten major durable goods categories had after-tax losses in the fourth quarter 2001. The largest was in computer and electronics products with a $9.5 billion loss, primarily in communications equipment; followed by transportation equipment, where motor vehicles and parts had a loss of $6.4 billion. The negative profits in communications equipment were attributed to both operating losses and nonrecurring charges, while the loss in motor vehicles and parts was due to operating losses, lower nonoperating income and higher nonrecurring charges. Primary metals showed a loss of nearly $2 billion and fabricated metals of $1.1 billion in the fourth quarter 2001.
Durable goods manufacturers' after-tax losses abated in the fourth quarter 2001 following a larger loss in the third quarter 2001 of $19.8 billion. Communications equipment manufacturers' losses decreased from $20.6 billion in the third quarter to $8.9 billion in the fourth quarter due to lesser nonrecurring charges. Motor vehicles and parts showed increased losses, going from $1.7 billion in the third quarter to $6.4 billion in the fourth quarter due to lower nonoperating income. Primary metals' losses increased from $0.2 billion in the third quarter to $1.9 billion in the fourth quarter; and fabricated metals went from a profit of $1.4 billion in the third quarter to a loss of $1.1 billion in the fourth quarter. Computer and peripheral equipment showed some improvement in the fourth quarter with profits of $2.2 billion following a loss in the third quarter of $4.7 billion. Electrical equipment, appliances and components continued with positive profits of $3.4 billion in the fourth quarter, although this is their third consecutive quarterly decline in profits.
Sales by durable goods manufacturers in the fourth quarter 2001, at $567.0 billion, were down $56.0 (+\-6.9) billion from a year earlier. Computer and electronics products accounted for about two thirds, $37.5 (+\-3.7) billion, of the drop. Machinery and primary metals were down $6.9 (+\-2.5) billion and $7.0 (+\-1.3) billion respectively, while transportation was nearly unchanged at $184.6 billion.
Nondurable Manufacturers: Although after-tax profits of nondurable goods manufacturers, at $17.2 billion, more than offset losses by durable goods manufacturers, they were down $9.1 (+\-1.0) billion from the fourth quarter 2000. Petroleum's decline of $10.0 (+\-0.1) billion resulted from operations, lower nonoperating income, and higher nonrecurring charges. Food products' $3.3 (+\-0.7) billion decrease in profits resulted from nonrecurring charges. All other chemicals, and apparel and leather profits were also down. Pharmaceuticals gain of $4.6 (+\-0.3) billion resulted from operations and lower nonrecurring charges. Basic chemicals' increase of $2.5 (+\-0.1) billion resulted from higher nonrecurring income, and beverage and tobacco's $1.1(+\-0.2) billion increase came from nonoperating income. Paper, and plastics and rubber products recorded losses for the quarter.
When compared to the third quarter of 2001, nondurable goods manufacturers' after-tax profits were down $11.0 (+\-0.6) billion. The largest decline was in petroleum, down $7.5 (+\-0.1) billion, which came from operations and nonrecurring charges.
Food products' decrease of $2.9 (+\-0.2) billion and paper products, decrease of $2.3 (+\-0.1) billion came mainly from nonrecurring charges. Plastic and rubber products' decline of $1.6 (+\-0.1) billion came from nonoperating charges. Beverage and tobacco, apparel and leather, printing, and all other chemicals reported modest declines. Basic chemicals' increase of $3.5 (+\-0.1) billion came from nonrecurring income. Pharmaceuticals' $1.7 (+\-0.2) billion increase resulted from nonoperating income.
Mining Corporations: Fourth quarter 2001 after-tax losses of large mining corporations with assets of $50 million and over were reported at $0.5 billion, compared to a profit of $6.4 billion same quarter a year ago. Sales for these mining corporations for the fourth quarter 2001 were $21.4 billion, down $10.4 (+\-0.9) billion from the same quarter a year ago. After-tax losses per dollar of sales averaged 2.3 cents compared to 20.0 cents profits per dollar of sales in the fourth quarter 2000.
Wholesale Trade Corporations: Fourth quarter 2001 after-tax profits of large wholesale corporations with assets of $50 million and over were $2.9 billion, down $0.6 (+\-0.2) billion from the fourth quarter 2000. Sales for these wholesalers were $305.2 billion, down $25.1 (+\-4.2) billion from the same quarter a year ago. After-tax profits per dollar of sales averaged 1.0 cents in the fourth quarter 2001 unchanged from a year earlier.
Retail Trade Corporations: Fourth quarter 2001 after-tax profits of large retail corporations with assets of $50 million and over were reported at $9.3 billion, up 8.2 (+\-4.1) percent from fourth quarter 2000. Sales for these retailers in fourth quarter 2001 were $374.5 billion, up 5.1 (+\-0.1) percent from a year ago. After-tax profits per dollar of sales averaged 2.5 cents in the fourth quarter 2001 also unchanged from a year ago.
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- Fourth quarter 2001 (QFR-01-4). 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. First quarter 2002 advance data are scheduled for release on June 14, 2002.
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).
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-01-4, April 2002. U.S. Census Bureau, April 2002.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-4, April 2002. U.S. Census Bureau, April 2002.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-4, April 2002. U.S. Census Bureau, April 2002.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-4, April 2002. U.S. Census Bureau, April 2002.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-4, April 2002. U.S. Census Bureau, April 2002.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-4, April 2002. U.S. Census Bureau, April 2002.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-4, April 2002. U.S. Census Bureau, April 2002.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-4, April 2002. U.S. Census Bureau, April 2002.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-4, April 2002. U.S. Census Bureau, April 2002.
SOURCE: Quarterly Financial Report for Manufacturing, Mining, and Trade
Corporations--QFR-01-4, April 2002. U.S. Census Bureau, April 2002.
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--2002
Beginning fourth quarter 2000, data are presented according to the North American Industry Classification System (NAICS).
Comparison to earlier data are useful only for trend analysis primarily due to the publishing industry being classified as
manufacturing activity in the Standard Industrial Classification system, and reclassified to the service industry under NAICS.
Conversion to the North American Industry Classification System
This release of data for the fourth quarter of 2001 reflects the conversion of the Quarterly Financial Report to the North American Industry Classification System (NAICS) from the Standard Industrial Classification (SIC) system. With NAICS, there are major changes in how industries are defined, requiring the movement of many corporations to different industry categories. All data in this report, including estimates for Fourth Quarter 2000 through Third Quarter 2002, which were previously published on an SIC basis, were developed from samples of corporations selected on a NAICS basis.
Nearly all published industry groupings have been affected by the conversion to NAICS. Major changes include the following:
• Publishing, part of SIC Manufacturing Major Group 27, has been deleted from the Manufacturing sector, and Eating and Drinking Places, SIC Retail Trade Major Group 58, (included in All Other Retail Trade in the SIC Publication) has been deleted from the Retail Trade sector. These industries have been moved to NAICS sectors outside of Manufacturing, Mining and Trade. Printing and Related Support Activities, the remainder of SIC 27, now comprises NAICS subsector 323.
• A new group has been created, NAICS subsector 334, Computer and Electronic Product Manufacturing. This group is primarily comprised of parts of SIC Major Groups 35 Machinery, Except Electrical; 36, Electrical and Electronic Equipment; and 38, Instruments and Related Products. The new group presents for the first time separate financial data for manufacturers of Computer and Peripheral Equipment, as well as for Communications Equipment.
• Most of the remainder of SIC Major Group 35, Machinery, Except Electrical, is now included in NAICS subsector 333, Machinery Manufacturing; and the remainder of SIC Major Group 36, Electrical and Electronic Equipment, is in NAICS subsector 335, Electrical Equipment, Appliance and Component Manufacturing.
• SIC Major Group 38, Instruments and Related Products, was reorganized with the major sections moving to NAICS subsector 334, Computer and Electronic Product Manufacturing; NAICS subsector 333, Machinery Manufacturing, and NAICS subsectore 339, Miscellaneous Manufacturing.
• Food Manufacturing, NAICS subsector 311, and Beverage and Tobacco products Manufacturing, NAICS subsector 312, previously combined on an SIC basis, are now published separately.
• NAICS subsector 331, Primary Metal Manufacturing, formerly SIC Major Group 33, has a new industry group, Foundries. Foundries was previously included in the SIC Ferrous and Non-Ferrous categories.
• A number of other NAICS groups, while largely consistent with their SIC counterparts, have small but noticeable changes due to the transfer of certain product lines from one group to another. Once example is NAICS subsector 336, Transportation Equipment Manufacturing, which includes products such as vehicle seating, lighting, and air-conditioning that were not part of SIC 37, Transportation Equipment.
• NAICS expands the definition of Manufacturing to include companies that perform the entrepreneurial functions of manufacturing, but contract out the actual making of the product. This includes companies contracting overseas for manufacturing their products. The operations of those foreign plants are not fully consolidated in the financial reports, but are reported on the equity or cost basis of accounting. This change resulted in the reclassification of a number of companies from Wholesale Trade in the SIC publication to Manufacturing in the NAICS publication.
For a comprehensive treatment of the SIC to NAICS Conversion, see the 1997 NAICS manual, or visit the NAICS Web site at http://www.census.gov/naics.
Questions concerning this advance report should be directed to
Contact:
Ronald B. Horton (301) 457-3343 or
Frank Hartman (301) 457-3379.
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Quarterly Financial Report
AVAILABILITY:
Seasonally Adjusted
4Q 3Q 4Q
2001 2001 2000
Rate of return (after taxes):
Cents per dollar of sales ................ 0.8 1.0 4.2
Percent on equity (annual rate) .......... NA NA NA
(million dollars)
Sales ....................................1,032,675 1,071,107 1,119,058
Income after income taxes ................ 8,764 10,906 46,600
Dividends paid (cash) .................... NA NA NA
Unadjusted
4Q 3Q 4Q
2001 2001 2000
Rate of return (after taxes):
Cents per dollar of sales ................ 0.4 0.8 3.7
Percent on equity (annual rate) .......... 1.0 1.8 9.1
(million dollars)
Sales ....................................1,041,413 1,072,167 1,128,790
Income after income taxes ................ 4,342 8,411 41,679
Dividends paid (cash) .................... 27,881 22,123 32,058
Sales
4Q 3Q 4Q
Industry Group 2001 2001 2000
(million dollars)
All manufacturing corporations(1)..........1,041,413 1,072,167 1,128,790
All nondurable goods....................... 474,403 496,160 505,782
Food..................................... 85,235 83,114 81,841
Beverage and tobbaco products............ 35,883 39,179 36,860
Textiles mills and textile product mills. 11,080 11,425 12,123
Apparel and leather products............. 22,174 24,067 24,785
Paper ................................... 37,658 39,959 42,202
Printing and related support activities.. 17,602 17,393 18,740
Petroleum and coal products.............. 106,658 117,603 125,067
Chemicals ............................... 127,774 131,332 131,557
Basic chemicals, resins, and
synthetics(2).......................... 34,602 38,531 41,503
Pharmaceuticals and medicines(2)........ 57,062 54,740 52,890
All other chemicals(2).................. 36,110 38,061 37,164
Plastics and rubber products............. 30,340 32,088 32,607
All durable manufacturing.................. 567,010 576,008 623,008
Wood products............................ 14,779 16,638 14,441
Nonmetallic mineral products............. 21,899 25,034 22,884
Primary metals........................... 32,610 34,892 39,547
Iron, steel, and ferroalloys(2)......... 13,220 14,651 15,295
Nonferrous metals(2).................... 13,947 15,026 19,466
Foundries(2)............................ 5,444 5,214 4,787
Fabricated metal products................ 47,008 49,481 49,872
Machinery ............................... 62,630 65,601 70,490
Computer and electronic products......... 118,692 121,193 156,237
Computer and peripheral equipment(2).... 39,831 39,122 45,309
Communications equipment(2)............. 23,901 27,367 36,368
All other electronic products(2)........ 54,959 54,704 74,560
Electrical equipment, appliances and
components.............................. 44,178 44,108 46,056
Transportation equipment ................ 184,642 179,910 185,150
Motor vehicles and parts(2)............. 129,597 128,397 132,007
Aerospace products and parts(2)......... 45,251 42,604 42,802
Furniture and related products........... 14,641 14,509 14,558
Miscellaneous manufacturing.............. 25,931 24,642 23,773
All mining(1).............................. 21,446 26,923 31,852
All wholesale trade(1)..................... 305,201 308,328 330,326
All retail trade(1)........................ 374,479 327,913 356,432
(1)Mining and trade data are 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.
(2)Included in major industry above.
Operating Profits*
4Q 3Q 4Q
Industry Group 2001 2001 2000
(million dollars)
All manufacturing corporations(1).......... 30,897 45,245 61,002
All nondurable goods....................... 28,153 37,449 37,355
Food..................................... 5,716 5,562 5,686
Beverage and tobbaco products............ 5,854 6,774 5,874
Textiles mills and textile product mills. 459 401 410
Apparel and leather products............. 831 1,683 1,236
Paper ................................... 1,762 2,704 2,782
Printing and related support activities.. 551 1,074 968
Petroleum and coal products.............. 2,005 6,781 9,386
Chemicals ............................... 10,257 10,819 10,079
Basic chemicals, resins, and
synthetics(2).......................... (1) 542 675
Pharmaceuticals and medicines(2)........ 8,063 7,793 6,501
All other chemicals(2).................. 2,194 2,484 2,903
Plastics and rubber products............. 719 1,649 934
All durable manufacturing.................. 2,744 7,797 23,647
Wood products............................ 29 844 269
Nonmetallic mineral products............. 899 2,578 1,754
Primary metals........................... (256) 648 779
Iron, steel, and ferroalloys(2)......... (381) (172) (432)
Nonferrous metals(2).................... 27 553 930
Foundries(2)............................ 98 266 282
Fabricated metal products................ 1,723 3,380 2,262
Machinery ............................... 1,087 3,016 4,089
Computer and electronic products......... (7,776) (11,285) 4,060
Computer and peripheral equipment(2).... 572 (1,185) 2,615
Communications equipment(2)............. (6,660) (6,284) (4,100)
All other electronic products(2)........ (1,688) (3,816) 5,544
Electrical equipment, appliances and
components.............................. 4,135 4,100 5,518
Transportation equipment ................ 242 1,413 3,571
Motor vehicles and parts(2)............. (2,769) (2,490) (437)
Aerospace products and parts(2)......... 2,321 3,065 3,134
Furniture and related products........... 629 831 781
Miscellaneous manufacturing.............. 2,033 2,270 564
All mining(1).............................. 1,763 4,245 5,943
All wholesale trade(1)..................... 7,793 7,174 7,401
All retail trade(1)........................ 20,251 12,271 19,066
*Operating profits are profits before nonoperating income and expense
items and income taxes.
(1)Mining and trade data are 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.
(2)Included in major industry above.
After-Tax Profits
4Q 3Q 4Q
Industry Group 2001 2001 2000
(million dollars)
All manufacturing corporations(1).......... 4,342 8,411 41,679
All nondurable goods....................... 17,200 28,166 26,289
Food..................................... 141 3,089 3,407
Beverage and tobbaco products............ 4,642 5,213 3,498
Textiles mills and textile product mills. 80 (63) (320)
Apparel and leather products............. 371 1,248 1,281
Paper ................................... (1,563) 715 629
Printing and related support activities.. 70 425 195
Petroleum and coal products.............. 1,270 8,749 11,279
Chemicals ............................... 13,225 8,255 7,026
Basic chemicals, resins, and
synthetics(2).......................... 3,002 (527) 533
Pharmaceuticals and medicines(2)........ 8,727 6,983 4,086
All other chemicals(2).................. 1,496 1,799 2,408
Plastics and rubber products............. (1,037) 536 (705)
All durable manufacturing.................. (12,858) (19,755) 15,390
Wood products............................ (209) 526 (154)
Nonmetallic mineral products............. 31 1,541 490
Primary metals........................... (1,882) (208) (980)
Iron, steel, and ferroalloys(2)......... (1,416) (747) (1,612)
Nonferrous metals(2).................... (353) 475 586
Foundries(2)............................ (112) 65 46
Fabricated metal products................ (1,058) 1,439 748
Machinery ............................... 123 2,172 2,631
Computer and electronic products......... (9,496) (30,953) 4,204
Computer and peripheral equipment(2).... 2,243 (4,725) 3,066
Communications equipment(2)............. (8,871) (20,615) (4,176)
All other electronic products(2)........ (2,867) (5,613) 5,314
Electrical equipment, appliances and
components.............................. 3,436 3,995 4,642
Transportation equipment ................ (5,119) (28) 3,231
Motor vehicles and parts(2)............. (6,389) (1,693) 1,383
Aerospace products and parts(2)......... 846 1,184 1,436
Furniture and related products........... 340 256 432
Miscellaneous manufacturing.............. 975 1,504 146
All mining(1).............................. (498) 1,234 6,369
All wholesale trade(1)..................... 2,932 2,608 3,519
All retail trade(1)........................ 9,265 5,222 8,564
(1)Mining and trade data are 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.
(2)Included in major industry above.
Sales
Industry Group and Year Q1 Q2 Q3 Q4
(million dollars)
All manufacturing:
1994 .......................... 784,470 803,022 825,316 841,751
1995 .......................... 871,266 872,748 883,573 899,782
1996 .......................... 914,249 932,576 948,288 961,383
1997 .......................... 965,857 972,276 986,564 995,357
1998 .......................... 989,859 981,852 985,653 993,585
1999 ..........................1,003,020 1,027,026 1,047,914 1,070,981
2000 ..........................1,120,194 1,128,694 1,145,991 1,119,058
2001 ..........................1,114,906 1,094,344 1,071,107 1,032,675
All nondurable manufacturing:
1994 .......................... 387,232 394,752 405,709 410,014
1995 .......................... 425,589 427,654 430,813 436,046
1996 .......................... 442,130 452,330 457,664 463,258
1997 .......................... 463,114 456,394 461,172 463,992
1998 .......................... 452,104 445,968 443,456 440,394
1999 .......................... 445,121 453,017 460,989 475,994
2000 .......................... 505,913 515,528 527,849 504,306
2001 .......................... 506,201 505,382 490,210 473,307
All durable manufacturing:
1994 .......................... 397,238 408,270 419,607 431,737
1995 .......................... 445,677 445,094 452,760 463,736
1996........................... 472,119 480,246 490,624 498,125
1997 .......................... 502,743 515,882 525,392 531,365
1998 .......................... 537,755 535,884 542,197 553,191
1999 .......................... 557,899 574,009 586,925 594,987
2000 .......................... 614,281 613,166 618,142 614,752
2001 .......................... 608,705 588,962 580,897 559,368
(1) Revised.
After-Tax Profits(1)
Industry Group and Year Q1 Q2 Q3 Q4
(million dollars)
All manufacturing:
1994 .......................... 36,415 41,162 45,415 52,068
1995 .......................... 52,756 52,005 49,341 44,196
1996 .......................... 51,152 54,055 61,200 58,707
1997 .......................... 60,584 62,045 61,893 60,237
1998 .......................... 74,303 49,659 61,184 49,514
1999 .......................... 59,083 64,552 67,237 67,055
2000 .......................... 76,089 72,833 74,752 46,600
2001 .......................... (1,674) 18,799 10,906 8,764
All nondurable manufacturing:
1994 .......................... 18,977 19,823 22,449 26,568
1995 .......................... 25,865 28,187 27,596 22,256
1996 .......................... 28,033 28,297 32,107 30,486
1997 .......................... 33,384 30,678 30,492 28,751
1998 .......................... 29,684 28,671 30,696 17,710
1999 .......................... 26,269 29,248 31,196 30,812
2000 .......................... 37,194 39,205 36,852 29,115
2001 .......................... 31,395 34,749 27,064 19,714
All durable manufacturing:
1994 .......................... 17,438 21,339 22,966 25,500
1995 .......................... 26,891 23,818 21,745 21,940
1996 .......................... 23,119 25,758 29,093 28,221
1997 .......................... 27,200 31,367 31,401 31,486
1998 .......................... 44,619 20,988 30,488 31,804
1999 .......................... 32,814 35,304 36,041 36,243
2000 .......................... 38,895 33,628 37,900 17,485
2001 .......................... (33,069) (15,950) (16,158) (10,950)
(1) Revised.
4Q 3Q 4Q
Item 2001 2001 2000
(million dollars)
Net sales, receipts, and operating revenues .. 374,479 327,913 356,432
Less: Depreciation, depletion and
amortization ......................... 6,938 6,734 6,403
Less: All other operating costs and expenses . 347,290 308,908 330,964
Income (or loss) from operations ........... 20,251 12,271 19,066
Net nonoperating income (expense) ............ (4,624) (3,332) (4,446)
Income (or loss) before income taxes ....... 15,627 8,939 14,619
Less: Provision for current and deferred
domestic income taxes ................ 6,362 3,717 6,055
Income (or loss) after income taxes ........ 9,265 5,222 8,564
Cash dividends charged to retained earnings
in current quarter ......................... 1,363 1,291 1,286
Net income retained in business ............ 7,902 3,931 7,278
Retained earnings at beginning of quarter .... 162,460 159,378 147,982
Other direct credits (or charges) to retained
earnings (net) ............................. (1,759) (898) (1,023)
Retained earnings at end of quarter ........ 168,603 162,411 154,236
(1) Revised.
4Q 3Q 4Q
Item 2001 2001 2000
(cents)
Net sales, receipts, and operating revenues .. 100.0 100.0 100.0
Less: Depreciation, depletion, and
amortization ............................... 1.9 2.1 1.8
Less: All other operating costs and expenses . 92.7 94.2 92.9
Income (or loss) from operations ........... 5.4 3.7 5.3
Net nonoperating income (expense) ............ (1.3) (1.0) (1.2)
Income (or loss) before income taxes ....... 4.2 2.7 4.1
Less: Provision for current and deferred
domestic income taxes ...................... 1.7 1.1 1.7
Income (or loss) after income taxes ........ 2.5 1.6 2.4
(1) Revised.
4Q 3Q 4Q
Item 2001 2001 2000
(percent)
Annual rate of profit on stockholders' equity
at end of period:
Before income taxes ...................... 25.19 14.81 25.52
After income taxes ....................... 14.94 8.65 14.95
Annual rate of profit on total assets:
Before income taxes ...................... 9.55 5.46 9.51
After income taxes ....................... 5.66 3.19 5.57
(1) Revised.
ORDER & RELEASE INFORMATION
[Economic Indicator Release Schedule]
Quarter Manufacturing, Mining, and Wholesale Trade Retail Trade
First 2002 June 14, 2002 July 16, 2002
Second 2002 September 13, 2002 October 16, 2002
Third 2002 December 13, 2002
Back to Quarterly Financial
Report
###
Maintained by Traci Gillespie-Brown
Revised Monday, 01-Mar-2004 09:02:53 EST.
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