Table 5.—Corporate Profits

[Quarterly estimates seasonally adjusted]

	Billions of dollars (annual rate)						Percent change from preceding period/1/
	Level		Change from preceding period				1998	1999	1999
	1999	1999	1998	1999	1999				III	IV
		IV			III	IV
Profits from current production	892.7	919.4	9.9	44.3	3.6	35.3	1.2	5.2	0.4	4.0
Domestic industries	789.4	821.9	18.0	41.0	–1.1	45.9	2.5	5.5	–.1	5.9
Financial	186.6	201.5	4.4	14.9	4.4	19.5	2.6	8.7	2.5	10.7
Nonfinancial	602.8	620.3	13.6	26.1	–5.5	26.3	2.4	4.5	–.9	4.4
Rest of the world	103.3	97.5	–8.1	3.3	4.8	–10.6	–7.5	3.3	4.6	–9.8
Receipts (inflows)	166.2	174.0	–11.3	17.8	5.4	4.5	–7.1	11.9	3.3	2.7
Payments (outflows)	62.8	76.5	–3.2	14.4	.6	15.1	–6.3	29.9	1.0	24.6
IVA	–13.0	–24.9	13.5	–33.9	–13.1	1.8
CCAdj	57.2	58.0	10.3	11.6	–1.2	1.0
Profits before tax	848.5	886.3	–14.0	66.6	18.0	32.5	–1.8	8.5	2.1	3.8
Profits tax liability	259.4	275.7	1.9	19.2	5.0	16.3	.8	8.0	2.0	6.3
Profits after tax	589.1	610.6	–15.9	47.4	12.9	16.3	–2.9	8.8	2.2	2.7
Cash flow from current production	929.7	949.9	31.2	53.2	12.3	20.9	3.7	6.1	1.3	2.2
Domestic industry profits:
Corporate profits of domestic industries with IVA	732.2	763.9	7.7	29.4	.1	44.9	1.1	4.2	0	6.2
Financial	208.1	224.9	7.1	16.8	5.6	21.0	3.8	8.8	2.8	10.3
Nonfinancial	524.2	539.0	.6	12.7	–5.5	23.9	.1	2.5	–1.1	4.6
Manufacturing	165.6	160.3	–17.2	–2.8	–4.7	–2.8	–9.3	–1.7	–2.8	–1.7
Transportation and public utilities	116.3	128.0	4.3	7.3	9.4	10.7	4.0	6.7	8.8	9.1
Wholesale trade	42.4	42.8	.4	–4.8	–5.2	3.7	1.0	–10.2	–11.9	9.5
Retail trade	72.9	72.6	6.1	3.1	–7.7	4.9	9.5	4.5	–10.2	7.2
Other	127.1	135.3	7.0	10.0	2.7	7.4	6.3	8.5	2.2	5.7
	Dollars
Unit price, costs, and profits of nonfinancial corporations:
Unit price	1.012	1.014	0.000	0.006	0.000	0.002
Unit labor cost	.658	.657	.008	.006	.000	–.002
Unit nonlabor cost	.234	.236	–.003	.002	.003	.001
Unit profits from current production	.120	.121	–.005	–.002	–.003	.003

1. Quarterly percent changes are not annualized.

NOTE.—Levels of these and other profits series are shown in NIPA tables 1.14, 1.16, 6.16C, and 7.15.

IVA Inventory valuation adjustment

CCAdj Capital consumption adjustment