1993 Corporation

Statistics IncomeTax
of Income
Returns

I
1993 Corporation
St8tistics Income Tax
of Income Returns

Department of the Treasury This report contains data by industry on assets,

Internal Revenue Service liabilities, receipts, deductions, net income, income
subject to tax, tax, and credits. Data are also
classified by size of total assets, by size of business
Margaret Milner Richardson receipts, and by size of income tax after credits.
Commissioner Other classifications include returns with net income,
return types and other selected subjects.
Michael P. Dolan
Deputy Commissioner More detailed statistics for the industries shown in
table 1 of this report are available in Publication
James E. Donelson 1053, Source Book of Statistics of Income - 1993.
Acting Chief Compliance Officer A general description of the Source Book, including
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Daniel F. Skelly Statistics of Income Division, CP:R:S, Internal
Director, Statistics of Income Division Revenue Service, P.O. Box 2608, Washington, DC
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Karen Cys
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Internal Revenue Service
Statistics of Income - 1993
Corporation Income Tax Returns
Washington, DC 1996

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Contents

Guide to Tables ............................................................................................................................. iii

Section 1 - Introduction .................................................................................................................. 1

Overall Corporate Summary ............................................................................................................ 1
Activities Covered ......................................................................................................................... 1
Time Period Employed .................................................................................................................... 3

Section 2 - Changes in Law and Regulations ................................................................................... 5

Changes in Corporate Tax Rates ..................................................................................................... 5
Credit for Contributions to Certain Community Development Corporations .......................................... 5
Credit for Employer Social Security Taxes Paid on Certain Employee Cash Tips ................................... 5
Depreciation and Amortization ........................................................................................................ 5
Estimated Tax Rules ...................................................................................................................... 5
Indian Employment Credit ............................................................................................................... 6
dualified Electric Vehicle Credit ...................................................................................................... 6
I ..................................................................... 6
Other Tax Law Changes ............................................

Section 3 - Description of the Sample and Limitations of the Data ..................................................... 7

Background ................................................................................................................................... 7
Population ....................................................................................................... ............................... 7
Sample Design ............................................................................................................................... 7
Sample Selection ........................................................................................................................... 9
Data Capture ................................................... ; ............................................................................. 9
Data Cleaning .............................................................................................................................. 10
Data Completion .......................................................................................................................... 10
Estimation .................................................................................................................................... 11
Data Limitations and Measures of Variability .................................................................................. 11
Industrial Classification .................................................................................................................. 14

Section 4 - Basic Tables ............................................................................................................... 15

Section 5 - Explanation of Terms ................................................................................................. 145

Terms and Explanations .............................................................................................................. 145
Index ........................................................................................................................................ 189

Section 6 - Forms and Instructions .............................................................................................. 191

i
Guide to Tables

This report contains 25 basic tables. The major classification is industrial activity. This guide provides a reference
for the major selected items and subjects available in the report. See page 15 and 16 to determine the appropriate
page number(s) for specific tables.

INCOME AND DEDUCTION ITEMS Advertising (tables 2,3,6,7,8,9,10,11,12,13,14,15,

16,17,19,24,25)
Total receipts (figures A,B, tables 1,2,3,4,5,6,7,8,9, Pension and Employee benefit plans (tables 2,3,4,5,
10,11,1 2,13,14,1 5,16,17,18,19,24,25) 6,7,8,9,10,11,1 2,1 3,1 4,1 5,16,17,1 9,24,2 5)
Business receipts (tables 1,2,3,4,5,6,7,8,9,10,11, Constructive taxable income from related foreign
12,13,14,1 5,16,17,19,23,24,25) corporations (tables 2,3,6,7,12,13,16,17,19,20,24,25)
Interest (tables 2,3,6,7,8,9,10,11,12,13,16,17, Net income (less deficit), total (figures A,B, tables 2,4,
19,24,25) 5,6,8,9,10,12,14,16,18,19,20,24)
Interest on Government obligations (tables 2,3,6,7, Net income (tables 1,3,7,11,13,14,15,17,18,21,23,
8,9,10,11,1 2,1 3,1 4,1 5,16,17,1 9,24,2 5) 25)
Rents (tables 2,3,6,7,8,9,10,11,12,13,16,17,19, Deficit (tables 1,14)
24,25) Statutory special deductions, total (tables 20,24,25)
Royalties received (tables 2,3,6,7,8,9,10,11,12,
13,16,17,19,24,25) BALANCE SHEET ITEMS
Net short-term, capital gain (tables 2,3,6,7,8,9,10,
11, 1 2,1 3,16,17,1 9,24,2 5) Total assets (figures A, B, tables 1,2,3A5,6,7,8,9,
Net long-term capital gain (tables 2,3,6,7,8,9,10, 12,13,14,15,16,17,19,23,24,25)
11, 1 2,1 3,16,17,1 9,24,2 5) Cash (tables 2,3,6,7,8,9,12,13,14,15,16,17,19,24,
Net gain, (loss) noncapital assets (tables 2,3,6,7,8, 25)
9,10,11,12,13,14,15,16,17,19,24,25) Notes and accounts receivable (tables 2,3,6,7,8,9,
Dividends received (tables 2,3,6,7,8,9,10,11,12, 12,13,14,15,16,17,19,24,25) .
13,16,17,19,20,24,25) Allowance for bad debts (tables 2,3,6,7,8,9,12,13,
Total deductions (tables 2,3A5,6,7,8,9,10,11,1 2,13, 14,15,16,17,19,24,25)
1 4,1 5,16,17,1 9,24,2 5) Inventories (tables 2,3A5,6,7,8,9,1 2,13,14,1 5,16,
Cost of sales and operations (tables 1,2,3,4,5,6,7, 17,19,24,25)
8,9,10,11,1 2,1 3,1 4,1 5,16,17,1 9,24,2 5) Investments in Government obligatio ns(tables 2,3,
Compensation of officers (tables 2,3,6,7,8,9, 10,11, 6,7,8,9,12,13,14,15,16,17,19,24,251 -
1 2,13,14,1 5,16,17,19,24,25) Tax-exempt securities (tables 2,3,6,7,8,9,12,1 3,14,
Salaries and Wages (tables 6,7,8,9,10,11,12,13, 15,16,17,19,24,25)
1 4,1 5,16,17,1 9,24,2 5) Loans to stockholders (tables 2,3,6,7,8,9,12,13,14,
Repairs (tables 2,3,6,7,8,9,10,11,12,13,14,15,16, 15,16,17,19,24,25)
17,19,24,25) Mortgage and real estate loans (tables 2,3,6,7,8,9,
Bad debt expense (tables 2,3,6,7,8,9,10,11,12,13, 12,13,14,15,16,17,19,24,25)
14,15,16,17,19,24,25) Other investments (tables 2,3,6,7,12,13,14,15,16,
Rent paid on business property (tables 2,3,6,7,8,9, 17,19,24,25)
10, 11, 1 2,1 3,1 4,1 5,16,17,1 9,24,2 5) Depreciable assets (tables 1,2,3,4,5,6,7,12,13,14,
Taxes paid (tables 2,3,4,5,6,7,8,9,10,11,12,13,14, 15,16,17,19,24,25)
15,16,17,19,24,25) Accumulated depreciation (tables 2,3,4,5,6,7,1 2,
Interest paid (tables 2,3,4,5,6,7,8,9,10,11,12,13, 13,14,15,16,17,19,24,25)
1 4,1 5,16,17,1 9,24,2 5) Depletable assets (tables 2,3,6,7,12,13,14,15,16,
Contributions or gifts (tables 2,3,6,7,8,9,10,11,12, 17,19,24,25)
13,16,17,19,24,25) Accumulated depletion (tables 2,3,6,7,12,13,14,
Amortization and Depletion deduction (tables 2,3,6, 15,16,17,19,24,25)
7,8,9,10,11,1 2,1 3,1 4,1 5,16,17,19,2 3,24,2 5) Land (tables 2,3,6,7,8,9,12,13,14,15,16,17,19,24,
Depreciation deduction (tables 1,2,3,4,5,6,7,8,9, 25)
10,11,1 2,13,14,1 5,16,17,19,23,24,25) Intangible assets (amortizable) (tables 2,3,6,7,1 2,
13,14,15,16,17,19,24,25)

III
 Corporation Returns/1993 - Guide To Tablet
Accumulated amortization (tables 2,3,6,7,12,13, Foreign tax.credit (tables 1,2,3,4,5,6,7,10,11,12,
14,15,16,17,19,24,25) 13,16,17,18,19,20,21,22,24,25)
Total liabilities (tables 2,3,4,5,6,7,8,9,12,13,14,15, U.S. possessions tax credit (tables 1,2,3,4,5,6,7,
16,17,19,24,25) .1 2,1 3,16,17,18,11 9,20,21,22,24,2 5)
Accounts payable (tables 2,3,6,7,8,9,1 2, i 3,14,1 5, Nonconventional source fuel credit (tables 1,2,3,4,
16,17,19,24,25) 5,6,7,10,1.1,1 2,1 3,16,17,18,19,20,21,2 2,24,2 5)
Loans~ from stockholders (tables 2,3,6,7,8,9; 1 2,1 3, General business credit (tables 1,2-3A5,6,7,8,9,
14,1 5,16,17,19,24,25) 10,1.1,12,13,16,17,18,19,20,21,i~,24,~5). .
Mortgages, notes, and bonds payable (tables 2,3,6, Orphan-diug credit (tables' 2,3,4,5,6,7, 10, 11,12,
,7,8,9 1 2,1 3,1 4,1 5,16,17,1 9,24,2 5) 13,16,17,18-119,20,21,22,24,25)
Capital' stock (tables 2,~',6,7,8,9,121*13,14,15,16, Prior year minimum tax (tables 1,2,3,4,5,6,7,8,9,
17,19,24"25) 10, 11, 1 2,1 3,16,117,18,19,20,21,2 2,24,2 5)
Paid-in or capital surplus (tables 2,3,6,7,8,9,,l 2, 13, Income tax after credits (figures A,B,tables,1,2,3,4,
1 4,1 5,16,17,1 9,24,2 5) 5, 6, 7,10,11,1 2,1 3,16,17,18,19,20,2 1 '2 2,2 3,24,
Retained earnings (tables 2,3,6,7,8,911 2,1 31 4,1 5,
.16,17,19,24,25)
Cost of treasury stock 2,3,0,71'8,9,1 2,1 3,1' SELECTED, SUBJECTS.
1 4,1 5,16,17,1 9,24,2 5),
Net worth (tables 1,4,5). Accounting periods (figures 13, table 18)
Alternative minimum tax (table 23)
TAX COMPUTATION ITEMS Consolidated returns (table 19)
Dividend items (table 20)
Income subject to tax, (figures A,13, tables-_ Form 11 20 only (tab les 16, 17)
1, 2,3,4,5,6,7,8,9,10,11,1 2,1 3,16,17,18119,20, Form 1*1 20-A corporations Itables 8, 9)
21,22,24,25) Form 11 20-F -corporations (tables. 10, 11),
Income tax~ (figures A,13,-tables .1-,2,3A5,6,7.,8,9, Form 1.1 20S,corporations (tables 14,15)
10,11,12,13,14,15,16,17,181-19,20,21,22,-24,25) General business credit (table 21)
Alternative minimum tax (tables 2,3A5,6,7,8,9, 10, Returns
. other than Forms 11 20S; 11 20-REIT, alld
11,12,13,16,17,18,19,20,23,24,25)~ 1120-RIC (tables 12J 3)
Environmental tax (tables,2,3,4,5,6,7, 10,11,1 2,13, Returns with 50% or-More - Foreign Ownership
16,17,18,19,20,24;25) (tables 24,25)
Overpayments less-refund (tables, 18,20) Sampling selections (figures C,P)
Size of income tax after credits (table 22)

:.f

iv
Section 1 Introduction

his report presents statistical estimates based Total assets reached a new high of $21.8 trillion which
on a stratified sample of approximately was an increase of 9.1 percent from the prior year.
87,500 unaudited returns selected from the Total receipts rose 4.5 percent from $11.7 trillion to
nearly 4 million active corporate returns filed for the $12.3 trillion. Net income (less deficit) rose nearly
1993 Income Year (defined to include accounting 23.9 percent
' from $402.0 billion to $498.2 between
periods ending July 1993 through June 1994). tax years 1992 and 1993. This continued the,upward
increase in net income (less deficit) first seen in 1992.
The report is divided into 6 sections. The first section Income subject to tax ros e by 15.6 percent to $436.8
provides statistics summarizing overall corporate billion between 1992 and ' 1993. Total income tax rose
activity for Income Year 1993. Section 2 discusses 17.6 percent above the amount reported in 1992,
changes in laws and regulations between this report increasing from $131.3 billion to $154.4 billion. Total
and that for Income Year 1992. Section 3 describes in income tax after credits increased 18.1 percent from
detail the sample of income tax returns upon which the $101.5 billion to $119.9 billion.
statistics were based, as well as the method of
estimation used, the sampling - variability of the data, The number of returns with total assets of $260
and other limitations. million or more represented less than one percent of
the total number of returns and 82.7 percent of total
Section 4 presents basic tables that contain detailed assets compared to 81.9 percent in 1992. The 6,798
statistics on 1993 assets, liabilities, receipts, returns for 1993 accounted for 54.9 percent of the
deductions, net income, income tax liability, tax total receipts; 78.5 percent of net income (less
credits, and other financial data. These statistics are deficit); 77.7 percent of income subject to tax; 79.6
presented by industry, asset size, business receipts percent of total income tax; and 76.4 percent of total
size, form type, accounting period ended, and other income tax after credits.
selected classifiers. Section 5 contains deta.iled
explanations of the terms used in the report. In most
Activities Covered -
instances, the explanations include definitions of terms
The estimates in this report encompass corporate
used as well as adjustments made in preparing the
business activities in the United States as well as
statistics and any limitations inherent in the data. certain foreign activities as reported on returns of
Section 6 consists of the return forms and instructions. domestic corporations, and foreign corporations with
U.S. business activities. The term domestic
The statistics in this report (which provides detailed
corporation refers to companies incorporated in the
information featured by selected major industries and
United States, but does not necessarily imply that all
all industrial divisions by specific categories) differs
their activities are domestic. For instance, data for a
from the 1993 Corporation Source Book of Statistics of U.S. corporation conducting business abroad through
Income (which provides information by minor, major
foreign subsidiaries may include dividends remitted
and industrial industries by size of total assets for
from those subsidiaries and, to a certain extent, their
balance sheet, income statement, tax, and selected
undistributed earnings. The effect of foreign activity
other items). This report also provides additional detail on the statistics varies by type of industry and by size
on the data contained in Corporation Income Tax
of assets. Income from foreign activity is reflected to
Returns, 1993 in the Statistics of Income Bulletin,
a greater extent in manufacturing industries than other
Volume 16, Number 1, Summer 1996. [11
industries. Also, foreign activity is almost totally
concentrated among returns with assets of $250
Overall Corporate Summary million or more. [21 For foreign corporations (defined
Figure A presents corporation summary statistics for as those incorporated abroad) engaged in trade or
Income Years 1992 and 1993 for number of returns, business in the United States, only income (that was
total assets, total receipts, net income (less deficit), considered effectively connected with the conduct of
income subject to tax, total income tax, and total a trade or business in the United States) was included
income tax after credits. The total number of returns in the statistics; any investment income from U.S.
increased approximately 2.5 percent from 1992 to sources was excluded from the data.
1993.

Ellen Legal and Glenn Hentz were responsible for the overall Most foreign corporations are concentrated in the
production and the text for sections 1,2, and 5 and the tables for finance, insurance, and real estate industries. Other
section 4. This report was prepared under the direction of Ken foreign corporations, incorporated abroad and not
Szeffinski, Chief, Corporation Returns Analysis Section. engaged in trade or business in the United States, were

I
 Corporation Returns/1993 - Introduction

Figure A, Returns of Active Corporations: Number of Returns, Total Assets, Total Receipts, Net Income (Less
Deficit), Income Subject to Tax, Total Income Tax, Total Income Tax After Credits, by Size of Total Assets, Income
Years 1992 and 1993
'All fi 9ures are estimates based on sarnC les--mone L amounts are in thousands of dollars and size of total assets are in whole dollars)
Number of Total Total Net income Income Total Total
assets receipts (less subject income . income tax
Year and size of total assets returns
deficit) to tax tax after credits

(2) (3) (4) (5) (6) (7)

1992
3.869,023 20,002.093,972 11,742,134,729 401,997,022 377,899,601 131,284,690 101,532,379
Total ...........................................
- 144,994,388 -264,490- 3,942,510 1,427,799 1,379,724
Zero assets ...................................... 245,100
61,308,230 363,567,430 2,009,018 2,139,631 365,543 357,410
$1 under $100,000 ............... .......... 1,986,072
628,341 101,333,879 311,445,940 2,754,358 3 102,563 544,512 534,403
under $250,000 ......*
1.36,392,501 332,737,946 3,389,118 3:589,208 675,042 650,318
$ 100'000 under $500,000 ...... ..........
$250,000 384,301

260,281 183,335,866 364,206,237 3,821,372 4,681,250 1,052918 1,024,438

$500,000 under $1,000,000.............
1,209,909,710 14,453,470 12,180,123 3,702:027 3,531,539
$1,000,000 under $5,000,000 .......... 270,840 566,301,331
264,805,890 515,844,822 7,757,364: 6,048,333~ 2,098,826 1,999,553
$5,000,000 under $10,000,000........ 38,176
24,544 382,562,892 590,604,860 11,809,955 9,311,660 3,296,i58 - 3,047,433
$10,000,000 under $25,000,000 ......

396,551,507 409,095,068 8,169,761 9,431,343 3,321,685 .3,013,522

$25,000,000 under $50,000,000 ...... 11,153
7,720 546,163,678 389,452,190 11,092,294 12,323,125 4,356,690 3,768,620
$50,000,600 under $100,000,000....
6,227 983,424,801 595,787,671 21,435,618 21,027,646 7,436,981 6,314,982
$100,000,000 under $250,000,000..
16,379,893,397 6,484,488,468 315,569,184 290,122,210 103,006,310 75,910,437
$250,ooo,6oo or more ..................... 61269

1993
3,964,629 21,815.869,373 12,269,721,710 498;159,174 436,797,939 154,447,416 119,937,278
Total ...... ..................... ; .............
239,331 - 151,793,131 .-2,601,993 4,566,366 1,595,244 1,297,415
Zero assets .......................................
2,048,646 63,188,749 380,938,628 4,847,963 2,254,027 382,528 374,794
$1 under $100,000 ...................... . .....
635,265 102,662,775 319,364,6611 4,823,383 3,127,724 572,987 556,744
$100,000 under $250,000 .............* ...
139,592,757 352,203,519 4,221,007 3,973,250 781,033 758,790
$250,000 under $500,000 ......... : ...... 394,244

269,277 189,985,446 409,079,513 5,859,725 4,786,123 1,079,868 1,038,651. -

$ 506,000 under $- 1,-000, 0-00': .............
279,146 585,115,423 1,250,178,860 17,955,206 13,318,183 4,050,482 3,871,768
$1,000,000 under $5,000,000 ..........
277,364,662 560,801,791 8,648,647, 6,547,426 2,258,964 2,146,370
$5,000,000 under $10,000,000 ........ 40,077
25,~06 401,660,986 657,265,630 12,446,974 10,452,488 3,663,484 3,353,792
$10,000,000 under $25,000,000 ......

11,371 402,041,584 .427,762,340 10,292,537 - 10,057,551 3,535,49i 3,224,758.'

$25,000,000 under $50,000,000 ......
7,968 564,528,095 414,914,207 13,751,415 12,945,564 4,579,190 4,159,319
$50,000,000 under $100,000,000 ....
6,599 1,038,795,154 608,219,632 26,917,675 25,333,150 8,994,517 7,572,044
$100,000;000 under $250,000,000..
.6,798 1 18,050,933,743 6,737,199,838 390,996,633 339,436,088 122,953,624 91,582,832.
$250,000,000 or more ......... : ..........

Includes taxable income before not operating loss deduction and specialdeductions.
Includes taxable income less net operating loss deduction and special deductions.
Includes regular tax, personal holding company tax, recapture of investment credit, alternative minimum tax, environmental tax; excess net passive income tax (Form 1 120S); branch tax
(Form 1120-F); taxes from Parts 11, 111, and IV (Form 1120-REIT); tax from line4, Part 11 (Form 1120-RIC); and adjustments to income tax and total tax.
minimum tax credits.
4 Credits include foreign tax, U.S. possessions tax, noriconventional source fuel, qualified electric vehicle, orphan drug, general business and prior-year and Limitations of the Data."
Note: Detail may not add to total because of rounding and the deletion of data. See text for "Explanation of Terms" and "Description of the Sample

liable for tax only on -investment income from U.S. organizations possess characteristics typical of the

sources, and these returns were excluded. from this corporate form, such as continuity of life, cehtralizationi

report. [31 of management apart from ownership, limited liability-

of owners, and transferability of shares of capital
Sectio n 601 2 of the Internal *Revenue Code repuired ownership.
that all * corporations, in existence at any time during
the income year, file returns, regardless of. whether Included in the statistics are financial data estimated
they had income or not. This applied to active and from the following number of active corporation tax
inactive domestic corporations, unless they were returns:
expressly exempt from. filing, as well as to active
Form 1120 (U.S. Corporations) ................ 1,775,931
foreign corporations with. insufficient taxes withheld at
Form 11 20-A (U.S. Short-Form Corporations) ...... 265,627
the source to satisfy their U.S. tax liability on income Form 11 20S (U.S. S Corporations) [41 .......... 1,901,505
earned in the United States. However, inactive Form 1120-L (U.S. Life Insurance Companies)' ........ 1,876
corporations have been excluded from these statistics. Form 11 20-PC iU.S. Property and Casualty Insurance
See Section 3 for rnore information on the sample. Companies) ........ ....................... 2,623
Form 11 20* REIT (U S. Real Estate Investment Trust) .... 346
Form 11 20-RIC (U.S. Regulated Investment Companies) 6,796
In addition to legally defined corporations, the Internal Form 11 20-F (U.S. Returns of Foreign Co~porations)' . . 9,925
Revenue Code recognized many types of businesses as Total * * ................................ 3,964,629
corporations including: joint stock companies and ' Foreign Life Insurance Companies f ile on Form 11 20-L, but are
unincorporated associations (such as business trusts, counted in Form 11 20-F on this table. However, the foreign life
savings and loan associations, certain partnerships, insurance returns are included in the life insurance industry when
mutual savings banks, and ' cooperative banks). These classified by industry. NOTE: Detail maynot add to total due to
rounding.
 Corporation Returns/1993 - Introduction

In addition, the following types of returns are effect, defines the income year in such a way that the
specifically excluded from the statistics: inactive noncalendar year accounting periods are centered at
corporations; foreign corporations with no income the calendar year ended December.
effectively connected with a U.S. trade or business;
information returns of certain joint undertakings; There are 12 accounting periods covered in this
returns filed by General Stock Ownership Corporations report. Code section 441 specified that, in general, a
(corporations established by a state for the benefit of taxpayer's accounting period end on the last day of the
the residents of a state); information returns reporting month. Thus, a span of 23 months between the first-
no tax because of a tax treaty or convention under included accounting period, which began on August 1,
Code section 894; nonprofit corporations (educational, 1992, and closed on July 31, 1993, and the start of
charitable, and similar organizations) exempt from the last-included accounting period, which began on
income tax under Code section 501; insurance July 1, 1993, and closed on June 30, 1994. This
companies except life (including interinsurer and report therefore, shows income received or expenses
reciprocal underwriters), if the net written premiums incurred during any or all of the months in the 23-
for the taxable year do not exceed $350,000, which month span. For balance sheet items, the report
were exempt from income tax under Code section 501; shows a corporation's position only at the end of its
foreign sales corporations (section 922); interest accounting period. Corporations were required by
charge domestic international sales corporation Code section 441 to file returns for the accounting
(section 992); returns filed by political organizations period customarily used in keeping their books.
under Code section 527; funds set up to pay for
nuclear decommissioning costs (section 468A); Figure B shows that calendar year returns made up
designated settlement funds (section 46813); and 72.8 percent of the number of returns and 71.9
condominium management associations or residential percent of net income (less deficit) for 1993. In
real estate management associations that elect to be addition, these returns account for 78.5 percent of the
treated as a homeowners association under section total assets, 68.3 percent of the total receipts, 74.7
528. percent of the income subject to tax, 75.5 percent of
the total income tax, and 74.0 percent of total income
Time Period Employed tax after credits. Corporation returns were usually
The estimates in this report are based on data from required to file within two-and-one-half months after
returns with accounting periods that coincided with the the close of the corporate accounting period.
calendar year and returns with accounting periods that However, in accordance with Code section 6081, most
were for noncalendar years ending during the span of corporations could receive filing extensions of 6
months July 1993 through June 1994. This span, in months. In addition to returns with accounting periods

Figure B.--Returns of Active Corporations: Number of Returns, Total Assets, Total Receipts, Net Income
(Less Deficit), Income Subject to Tax, Total Income Tax, and Total Income Tax After Credits, by Accounting
Periods for Income Year 1993
W! f! ures nre eatimates hnserl on 1-c;--mone Eunnunts are of dc!!arS1

Number of Total Total Net income Income Total Totaltax

Accounting Period Ended returns assets receipts (less subject 'income income
deficit) to tax tax after credits
(1) (2) (3) (4) (5) (6) (7)

Total....................................... 3,964,629 21,851,869,373 12,269,721,710 498,159,174 436,797,939 154,447,416 119,937,278

December 1993 ..................... 2,888,220 17,154,173,986 8,380,134,569 357,993,064 326,149,873 116,674,282 88,777,318

Noncafendar year, total .............. 1,076,409 4,661,695,387 3,889,587,141 140,166,109 110,648,067 37,773,134 31,159,960

July 1993 ............................. 67,933 250,330,947 183,707,492 8,065,376 4,906,188 1,635,373 1,456,660
August 1993 ......................... 68,212 290,361,095 202,342,721 8,989,663 5,898,032 1,985,975 1,805,049
September 1993 .................... 199,979 801,205,100 660,867,311 22,215,221 17,487,683 6,017,328 4,725,998
October 1993 ........................ 97,694 554,231,564 305,934,284 15,502,843 7,519,214 2,569,116 1,813,330
November 1993 ..................... 49,232 305,303,296 149,525,266 12,849,851 8,091,423 2,760,256 1,305,381
January 1994 ........................ 56,142 389,551,241 519,311,486 15,872,309 15,763,303 5,504,118 5,234,705
February 1994 ....................... 53,027 221,701,301 181,968,861 7,425,904 4,496,409 1,508,638 1,407,076
March 1994 .......................... 138,430 714,798,626 591,919,720 13,861,270 12,571,358 4,386,566 3,966,284
April 1994 ............................ 63,824 181,350,181 189,103,907 6,627,240 4,892,140 1,625,213 1,357,225
May 1994 ............................ 67,734 221,459,527 247,113,023 9,019,085 7,212,204 2,452,931 2,061,514
June 1994............................ . 214,202 731,402,508 657,793,071 1 19,737,347 1 21,810,113 1 7,327,620 6,026,738
Includes full and part-year returns.
includes taxable income before net operating loss deduction and special deductions.
3 Includes taxable income less net operating loss deduction and special deducations.
4 Includes regular tax, personal holding company tax, recapture of investment credit, alternative minimum tax, environmental tax, excessive net passive income tax (Form
1120S), branch tax (Forml 120-F), taxes from Parts 11, 111, and IV (Form 1120-REIT); tax from line 4, Part 11 (Form 1120-RIC), and adjustments to income tax and total tax.
Credits include foreign tax, U.S. posessions tax, nonconventional source fuel, qualified electric vehicle, orphan drug, general business, and prior-year minimum tax credits.
Note: Detail may not add to total because of rounding. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."

3
 Corporation Returns/1993 - Introduction

that spanned 12 months, the total number of active [2) For more detailed information, see Green, Kathryn
corporations includes returns with accounting periods A., "Controlled Foreign Corporations,, 1692," Statistics
of shorter duration. Such returns are referred to as of Income Bulletin, Volume 16, Number 3, Winter
part-year returns and were filed, foi the most part, by 1995-96, pp. 93-110.
continuing corporations changing their accounting
periods, new corporations in existence less than 12 [31 See Hobbs, James R., "Foreign Corporations With
months, merging corporations, and liquidating Income Effectively Connected with a U.S. Business,
corporations. 1989," Statistics of Income Bulletin, Volume ~11 3,
Number 1, Summer 1993, pp. 81-83.
Notes and References .,
1 ) For.1 993, "Other deductions" will differ between [41 For moie detailed information on S Corporations,
this report and the 1993 Corporation Source Book and see Gill, Amy M., and Wittman, Susan M., "S
the Staiistics of Income Bulletin article for 1993 Corporation Returns, 1993," Statistics' of Income
Corporation Returns. ."Salaries and. wages" are shown Bulletin, Volume 15, Number 4, Spring 1996, pp., 27-
separately in this report. In prior publications, "Salaries 63.
and wages" were included in "Other deductions."

4
Section 2 Changes in Law
and Regulations

he statistics in this report reflect, in general, Credit for Employer Social Security Taxes
T changes in law and regulations that became
effective during the 1993 accounting period
Paid on Certain Employee Cash Tips
An employer in the food and beverage business may
covered. Depending on the accounting period used claim a nonrefundable income tax credit for a portion
and effective date of the change in law, the changes of employer social security taxes paid or incurred after
may have been fully applicable for some corporations,
1993 on employee cash tips. The credit is equal to the
only partially applicable for others, and not applicable employer's FICA obligation attributable to tips received
at all for still others. exceeding those tips treated as wages for purposes of
satisfying the minimum wage provision of the Fair
The information that follows highlights the major
Labor Standards Act. This credit is claimed as one of
changes (listed alphabetically) that affected the components of the General Business Credit.
substantially the comparability of the statistics in this
report with those of prior years. These changes
resulted from the Energy Policy Act of 1992 and the
Depreciation and Amortization
Revenue Reconciliation Act of 1993. More detail on The Revenue Reconciliation Act of 1993 affected the
changes in law and regulations have been provided in
reporting of certain types of Depr eciation and
Section 5, Explanation of Terms. In addition, Section Amortization found on the Form 4562. Goodwill and
6, Forms and Instructions may also be helpful. certain other intangible property (section 197 intangible
computer software) acquired after August 10, -1993,
were amortized over a 15-year period. For purchases
Changes in Corporate Tax Rates after August 10, 1993, certain computer software
The Revenue Reconciliation Act of 1993 increased which was not amortizable over 15 years was
the maximum corporate tax from 34% to 35% for
depreciated using the straight-line method over three
,corporations with taxable income in excess of $10
years beginning in the month it was placed into service
million. In addition, corporations having taxable (section 1 67(f)). The recovery period for calculating
income in excess of $15 million were subject to an
depreciation for nonresidential property was 39 years
additional tax of 3% of the excess over $15 million, or for property placed in service after May 12, 1993. The
$100,000 whichever was smaller. The Act also
maximum section 179 deduction increased to $17,500
increased the flat tax rate for qualified personal servi6e for property placed into service in tax years beginning
corporations, filing under section 448(d)(2), from 34% after December 31, 1992.
to 35%. In addition, the Act also increased the
personal holding company tax rate (Schedule PH, Form
11 20) to 39.6 %, on all undistributed personal holding Estimated Tax Rules
company income. The Revenue Reconciliation Act of 1993 established
new estimated tax rules for corporations with tax years
beginning after December 31, 1993. The new rules
Credit for Contributions to Certain require a corporation to base their estimated tax
Community Development Corporations payments on 100% (rather than 97%) of the tax
Corporations may claim a 5% credit for qualified cash shown on its return for the current year. The "safe
contributions they made to selected community harbor" rule allowing a corporation to avoid the penalty
development corporations (CDC's). This credit may be by paying 100% of its prior year tax still applies. In
claimed.for each tax year during a 1 0-year credit period addition, the Act waives any penalty for
beginning with the tax year in which the contribution underpayments of estimated taxes for any period prior
is made. The participating CDC's (up to 20), are to be to March 16, 1994 to the extent that the
selected by the Secretary of Housing and Urban underpayment is attributable to changes made by the
Development by July 1, 1994. This credit is claimed Act.
as one of the components of the General Business
Credit.

5
 Corporation Returns/1993 - Chan ges in Law and Regulations

Indian Employment Credit not inventory and that is held at the close of the tax
The credit is allowed to employers of American year is treated as sold at its fair market value on the
Indians who are qualified employees. Generally, the last business day of the tax year, and any gain or loss
credit is 20% of the excess of an employer's current must be accounted for in determining gross income.
year qualified wages and qualified employee health The gain or loss accounted for is generally treated as
insurance costs (up to $20,000 per employee) over the ordinary gain or loss.
sum of the comparable costs paid or incurred during
the calendar year 1993 by the employer. This credit is Lobbying expenses paid or incurred after December
claimed as one of the components of the General 31, 1993 are no longer deductible business expenses.
Business Credit. A de minimis rule applies if the total amount of certain
in-house expenditures for lobbying does not exceed '
Qualified Electric Vehicle Credit $2,000. If the corporation's lobbyi ng expe nses qualify
under the de minimis rule, they are deductible.
The Energy Act of 1992 provided corporations with
a tax credit for placin g.qualified new electric vehicles
Deductions are no longer permitted for amounts paid
(QEV's) in service. Vehicles
' placed in service after
June 30,1993 were eligible for a credit equal-to the, or incurred for club dues after December 31, 1993.
lesser of 10% of the cost of the qualified electric
Travel expenses paid or incurred after December-31,
vehicle after the reduction by any Section 179.expense
claimed for the vehicle in Part I of the Form 4562 or 1993 for a spouse, dependent, or 'other 'individual '
accompanying an officer or employee on business
$4000. The basis of any vehicle for which the credit
travel are no longer deductible, unless that spouse,
is allowed must be reduced by the amount of the
credit. Vehicles qualifying for this credit were not dependent, or other. individual is 'an employee of the~
corporation and the travel is for a bona fide business'
eligible -for the- deduction for clea,n,-fuel vehicles.
purpose and-would otherwise be deductible.
covered under Section 179A. - "

The deduction for dividends received on'the prefer~edr

Other Tax Law Changes stock of a public utility under sections .244,,ahdl
For tax years ending on or after December. 31, 1993
243(c)(1) and the deduction for dividends paid on the
dealers in securities must use the "mark~to-market"
preferred stock of a public utility under section '247
accounting method. Under the new rules, any security have changed as a result of the increase. in 'thb
that is inventory to the dealer must be included in corporate tax rates.'
-
inventory at its fair market value. Any security the t is

6
 Section 3 Description of the Sample
and Limitations of the Data

his section describes the 1993 Corporate Form Tax Year

T sample design, including the methods used in type 1999 1990 1"1 1"2 1993
the selection of returns, data capture, data 1120 2,117,242 2,053,927 2,013,142 1,951,065 1,980,483
cleaning, and data completion. The techniques used to 1120-A 330,395 334,472 333,~93 355,330 325,773
produce estimates and an assessment of the data 1120S 1,502,103 1,644,301 1,763,665 1,875,837 2,011,167
limitations, including measures of sampling variability, 1120L 2,281 29226 2,098 2,020 1,942
are also discussed. 1120-PC 29492 2,527 2,624 2,710 2,760
1120-RIC 5,086 5,076 5,368 6,038 6,931
Background 1120-REIT 251 262 283 290 354
From Tax Year 1916 through Tax Year 1950, data 1120F 12,172 12,048 12,222 11,544 11,274
were extracted for the Statistics of Income (SOO Total 3,972,022 4,054,839 4,132,995 4,204,834 4,340,684
program from each corporate return filed. Stratified
probability sampling was introduced for Tax Year
1951. Since then, the size of the samples has gener- Sample Design
ally decreased while the population has increased. For
The current sample design is a stratified probability
example, for Tax Year 1951 the sample comprised sample, with stratification by form type, and either size
41.5 percent of the entire population, or 285,000 of
of total assets alone, or both size of total assets and a
the 687,000 total returns filed. For 1993, the sample
measure of income. Forms 11 20 and 11 20-A are strat-
proportion had decreased to about 2.0 percent from a
ifi ed by size of total assets and size of "proceeds."
to,tal population of over 4.3 million. Size of "proceeds" is used as the measure of income,
and is defined to be the larger of the absolute value of
I For 1951, stratification was by size of total assets
net income (or deficit) or the absolute value of "cash
and industry. From 1952 through 1967, the stratifica- flow," which is the sum of net income and several
tion was by size only, where the size either was
depreciation amounts. Forms 11 20-F, 11 20-L, 11 20-
measured by volume of business (1953-1958) or total
PC, 1.1 20-RIC, and 11 20-REIT are each stratif ied by
assets (1952, and 1959-1967). Since 1968, returns size of total assets only. Form 11 20S is stratified by
have been stratified by both total assets and a measure
size of total assets and, as the measure of income, size
of income, the definition of which depends on the
of'taxable income.
retu rn's f o rm type [ 11.
The design process began with projected population
Population totals derived from those used to estimate IRS adminis-
Statistics in this report are for active corporations trative workloads and are adjusted based on previous
organized for profit and required to f ile the Form 11 20 years' population distributions. Using projected
series returns. The following chart gives the actual population totals by sampling strata, an optimal
number of corporate returns by form type that were allocation, based on variance and cost estimates, was
f iled during Tax Years 1989 through 1993 and were, carried out to assign sample rates such that the overall
therefore, subject to sampling. These population projected sample size is 92,000. A Bernoulli sample is
counts will differ from all the estimated population selected independently from each stratum with rates
counts in this publication because they include out-of- ranging from .25 percent to 100 percent. The selected
scope returns which are excluded from the tabulations sample size f~r Tax Year 1993, including inactive
(see pg. 11). corporations and rejected returns, is 91,888 returns for
all fo'rm types. Figure C on the following page shows
the stratum boundaries, population and sample sizes,
Stephanie Hughes, Susan Hinkins, Richard Collins, and Bertrand
Uberafl were responsible for the sample design and estimation of as well as the adjusted population and sample sizes for
the SOI 1993 Corporation Program under the direction of Yahia all form types after reclassification of returns due to
Ahmed, Chief, Mathematical Statistics Section, Statistical errors in the stratifying variables (see Sub-section on
Computing Branch. Non-sampling Error, page 13, for further information on
the handling of.misstratified returns), and the achieved
sample rates after reclassification.

7
 Corporation Returns/1-993'- Sample Description and Data Limitations

Figure C Corporation Returns: Number Filed, Number in Sample, and Achieved Sample Rates by'
Samole Selection Class
Sample Description of Sam ple Selection, Classes Number of Returns Achieved
Class Size of Total Assets Size of'Proceeds* Original BMF After Re-stratification Sampling
Number (0001s) (OWS) Population Sample Population- I sam' ple**~ Rates
All Returns, Total ................................ 4,340,6.84 si,888 4,340,6881 91,687

Forms 1120 w/ Form 5735 attached, Total ........... 498 498 5121 '.477
1 Under $100,000 405 405 421 91.69
2 $100,000 - $250,000 46 46 47 47 i6o.oo
3 $250,000 or more 47 47 44 44 100.00.

Forms 11120 (no Form 5735 attached), 1120-A, 1120S

Total .................... ..................... '
4,316,926 81,634 4,316,905 81,476
4 Under $50 ... : ........... Under$25 ............. 1.769,809 6:3~1 .1,758.600 6,415 0.36
5 $50-$100 .............. $25-$50 ................. . 627,059 2.556 628,891 2,616 0.42
6 $100-$250 .......... ... $50-$100 74 1,964 4,886 748.313 5,004 0.67
......
7 $250-$500 .............. $100-$250 ............... 469.932 6,305 471,406 6,398 1.36
8 $500 - $1,000 ..... : ..... $250 - $500. ~99.448 6,711 301,81 1 6,813 2.26
9 $1,000 -,$2,500 ..... ~ .. .. $500 ' $1,000 ....... 219,518 .11,198 219,635 11,273 5.13
10 $2,500 - $5,000 .............$1-.00.0 - $1 j500. . . . 84,080 4,709 84.38i 4.730 5.61
11 $5,000 - $10,000 ......... $1,500 - $2,500 ...... 44.952 4,919 44,588 4,917 11.03
12 $10,000 - $25,000 ......... $2,500 - $5.000 .... 28,515 8,453 28,167 8,349 29.64
13 $25,000 - $50,000 ........ $5,000 $10,000 .......... 12,227 6,095 12,074 6,004 49.73
14 $50,000 - $100,000 ....... $10.000 - $15,000. ......... 7.615 7,615 7,537 7,~75 99.18'
15 $100,600* - $250,000 ...... $15,000 or more . 6,499 6,499 6.342 6.328 99.78
16 $250,000 or more ................................ 5,307 5,307 5,154 5,154 100.00

Forms 112OL, Total ... ....... 1,942 1,061 i,938 1,043

Under $50,000 ........ ...... ................. 1
1,550 659 1,526 631 41.35
17
18 $50,000 - $250,000 . . . ~ .................. I ........... 26 126 129 129 100.00
19 $25.0,000 or more .................. I.... ............... 266 .266 283 283 100.00
a
Forms 1120F (with effectivelycofinected income
in O.S,), Total ......... .......................... 11,274 1,888 11,274 11878
20 Under $50,000 ....... 10,885 1,499 10,883 1"487 13.66'
21 $50,000 - $100,000 ................. 78 78 79 79 A 00.00
22 $100,000 or more : ........... ........ ...... 311 311; 312 1 312 100.00

IForms i12O-PC, Total . ............................. 2,760 .1,048 2,768 -1,047

.23 U nder $100 ... : ........ ................... 352 115 311 .70 22.51
24 $100 - $5,000 ..................... ............... 1.350 386 1,380 414 30.00
25 $5,000 - $50,000. . . . . . 711 200 210 ?9.05
26 $50,000 - $250.000 ............ ................... 229 226 232 231 `99.57
27 $250,000 or more ................................... 118 118 122 122 100.00

Forms 1120REIT, -Total ................. 364 273 356 273

28 Under $50,000 ..................................... 166 85 -167 84 50.30
29 $50,000 - $250,000 ................................... 118 118 118 118 100.00
30 $250;000 or more ...... I ........................... 70 70' 71 71 100.00

Forms `11120RIC, Total ........ ...... 6,931 6,936 6,493

31 Under $50,000 ....................... ...... .
........... 2,851 1,416 2,840 1,399 49.26
32 $50,000 - $250.000. ................... .2,277 2,277 2,286 2.285 99.96
33 $250,000 or,more . . . ............................ 1,803 1,803 1.809 1,809 100.00

Proceeds is defined as the larger of absolute value of net income (deficit) or absolute value of cash flow. (depreciation + depletion +;net income).
Includes added returns not processed in the : BJMF during the two-yea! sampling frame and therefore not in original population counts.
Does not include missing and unedited returns:

Note: Returns were classified according to either. size.of total assets or size of proceeds. whichever corresponded to the higher sample class.
EXAMPLE: A Form 1120 return with total assets of $750,000 and a proceeds of $75,000 is in sample class 8 (based on total assets), rather
than in sample class 6 (based on proceeds).

8
 Corporation Returns/1993 - Sample Description and Data Limitations

Sample Selection year. This also results in a reduction of the sample

Corporation income tax returns are filed at the ten IRS variance for estimates of year-to-year change [2]. For
service centers located throughout the country. All more information on creating longitudinal data from the
corporate returns are processed initially to determine annual SOI corporate cross-sectional samples, see
tax liability and are then made available for other reference [3].
programs including SOL All tax data are transmitted
and updated on a weekly basis to the IRS Business Data Capture
Master File (BMF) system located in Martinsburg, West Data processing for SOI begins with information
Virginia. This system serves as the point of selection already extracted for administrative purposes; over 100
for the sample which was selected on a weekly basis. items are available from the BMF system for non-
consolidated Form 11 20 returns. Some 900 additional
Sample selections for Tax Year 1993 occurred over items are extracted from the tax returns. The adminis-
the period of July 1993 through June 1995. A 24- trative data are checked and corrected as necessary.
month sampling period is needed for two reasons. The SOI data capture process can take as little time as
First, approximately 27 percent of all corporations have fifteen minutes for a small, single entity corporation
non-calendar year accounting periods. To account for filing on Form 11 20-A, or as long as a week for a large
this, the 1993 statistics represent all corporations filing consolidated corporation filing several hundred attach-
returns with accounting periods ending during the ments and schedules with the return. The process is
period from July 1993 to June 1994. Also, many further complicated by several factors:
corporations, including some of the largest, request
6-month filing extensions. The combination of 0 The 900 separate data items that may be extracted
non-calendar year filing and filing extensions means from any given tax return often require totals to be
that the last returns due to be received by IRS for the constructed from various other items on other parts
Tax Year 1993 (those with accounting periods ending of the return.
in June 1994) could be timely filed as late as March
1995. Normal administrative processing time lags Each 1120 form type has a different layout with
required that the sampling process remain open for the different types of schedules and attachments,
1993 study until June 30, 1995. However, a few very making data extraction less than uniform for the
large returns for Tax Year 1993 were added to the various form types.
sample as late as November 1995.
There is no legal requirement that a corporation
Each corporation is assigned a permanent and unique meet its tax return filing requirements by filling in,
Employer Identification Number (EIN). The EIN is used line for line, the entire U.S. tax return form. There-
as the basis for random selection. A pseudo-random fore, many corporate taxpayers report much of their
number (PRN) is generated using the EIN as the seed. financial details in schedules of their own design.
The last four digits of the PRN, called the transformed
taxpayer identification number (TTIN), are compared to N There is no single accepted method of corporate
the sampling rates; a corporation for which the value accounting used throughout the country, but rather
of its TTIN is below the sampling rate multiplied by several accepted accounting "guidelines," many of
10,000 is selected in the sample. The algorithm for which are unique to geographic locations. SOI
generating the TTIN does not change from year to attempts to standardize these differences during
year. Consequently, any corporation selected into the data abstraction and editing.
sample in a given year will be selected again the next
year, providing that the corporation files a return using 0 Different companies may report the same data item,
the same EIN in the two years and that it falls into a such as other current liabilities, on different lines of
stratum with the same or higher rate. If the the tax form. Again, SOI attempts to standardize
corporation falls into a stratum with a lower rate, the these differences.
chance of selection will correspond to the ratio of the
second year to the first year selection probabilities. If In order to help overcome these complexities and
the corporation files with a new EIN, the probability of differences due to taxpayer reporting, SOI prepares
being selected will be independent of the prior year detailed instructions for the SOI editing unit at
selection. Due to the fact that corporations typically designated service centers each tax year. For Tax
maintain the same EINs, this use of the EIN for the Year 1993, these instructions consisted of more than
basis of sample selection results in many of the same 800 pages covering normal and straightforward
corporations selected into the samples from year to

9
 Corporation Returns/1 993 - Sample Description and. Data Limitations

procedures and instructions for exceptions and asset and liability items are then imputed based on the
non-standard situations that might be encountered. ratios so that the total of all asset items and the total
of all liability items are both equal to the total assets
Data Cleaning amount, whether this amount was reported or imputed.
Statistical processing of the corporate returns took For a detailed description of the balance sheet
place in an on-line computer environment. This means imputation process, see reference [4]. The following
that the data from returns were entered directly into chart shows the number of returns that had balance
the corporation database. In this context, the term sheet items imputed for Tax Years 1989 through 1993.
"editing" refers to the combined interactive processes
of data extraction, consistency testing,' and error
resolution. There are over 700 of these tests, which Tax year 1989 1990 1991 1992 1993
look for such inconsistencies as: No. of returns 354 302 , 303 221 214

0 Impossible conditions, such as incorrect tax data for

a particular form type;
For Tax Year 1993, of the 214 returns, 42 of them
• Internal inconsistencies, such as items not adding to have imputed totai assets, and the imputed total asset
totals; amount constitutes approximately .03 percent of the
estimated total assets of the -active corporations -in
• Questionable values, such as a bank with an 1993.
unusually large amount reported for cost of goods
sold and/or' operations; ahd Data for unavailable critical corporations are imputed
in various ways, depending on what information is
Improper sample class.codes, such as when a return available at the time the - SOI database is produced.
has $10,000 in total assets, but was selected as Critical corporations include corporations with total
though it had $1 million. ,assets greater than or equal to 5 percent of the total
assets for the minor industrial group in wh i ch they
were classified, and corporations for which total
i ' assets
Data Completion
are over a specified limit dependent.on the form type,
In addition.to the tests mentioned above, missing the major industry, or the minor industry. For critical
data problems must be addressed and returns that are
corporations selected.for the sample but unavailable
to be excluded from the tabulations must be identified.
for statistical -processing, -data -transcribed . for
The data completion process focuses on these issues. administrative purposes are used. For the . critical
corporations not selected for the sample, if the current
If the missing data items are from the balance sheet,
tax return is not found in any of the IRS service centers
then imputation procedures are used. If data for a
and no other current tax data is availablej data from
whole, return are missing because the return is
the previous year's return is used. witK adjustments for
unavailable to SOI during the data capture process,
tax law changes. There are four prior year returns in
then, again, imputation procedures are used in -certain
the Tax Year 1993 data.
cases.
. Another part of the data cleaning, process -is
A ratio-based imputation procedure is used . to
identifying sampled.returns that are not used in the
estimate missing balance sheet items for all 1120
tabulation. The BIVIF system, used for sample selec-
forms except those with less than 1.2 month
tion, can include duplicate tax returns and other out-of-
accounting periods. -The ratios are determined by th e
scope returns, suck as returns for nonprofit
corporation's 1992 return if it is available; otherwise,
corporations and prior-year tax returns. These include
by the 1991 aggregate data for the corporation's minor
the following types of returns:
industrial group. If the reported items in the balance
sheet do not balance (i.e. the sum of asset items does
Inactive corporation returns (having neither current
not equal.the sum of liability and shareholders' equity
income nor deductions);
items), then missing items are imputed. If th e total
assets amount is among the missing items, this item is
• Duplicate returns;
.imputed first based on the ratio of total assets to
business receipts (or total receipts) from either the
• Amended returns-not associated with the original
corporation's 1992 return, or the 19.91 aggregate data
returns;
for the corporation's minor industry. The other missing

10
 Corporation Returns/1993 - Sample Description and Data Limitations

Tentative returns not associated -with the revised Form Tax Year
returns; type 1989 1990 1"1 1"2 1993
1120 1,917,144 1,848,498. 1,821,503 1,782,933 1,775,931
• Corporations exempt under Code section 931; 1120-A 268,149 273,603 262,648 280,697 265,627
1120S 1,422,967 1,575,092 1,698,271 1,785,371 1,901,505
• Corporations exempt under Code section 1247; 1120-L 2,309 2,151 2,026 1,959 1,876
1120-PC 2,195 2,302 2,506 2,475 2,623
• Corporations exempt under Section 883 of the IRC;
1120-RIC 5,250 5,250 5,585 5,842 6,796
1120-REIT 243 278 291 293 346
• "Cost corporation" returns exempt under Revenue
1120-F 9,321 9,479 9,958 ' 9,452 9,925
Ruling 52-542;
Total 13,627,578 3,716,653 3,802,788 3,869,022 3,964,629
0 Corporations exempt under Code section 501 (c)(1 5);

Non-resident foreign corporations having no income Estimation

effectively connected with a trade or business The estimates produced in this report of the total
within the United States; number of corporations and associated money amounts
are based on weighted sample results. A one-step
U.S. Virgin Island corporations exempt under Code process was used to determine the weights for Forms
section 934; 11 20-F, 11 20-L, 11 20-PC, 11 20-RIC, 11 20-REIT and
Form 1120 with Form 5735 attached. A two-step
0 Political organizations filing under Code section 527; process was used to determine the weights for Forms
11 20, 1120-A, and 11 20S.
a General stock ownership corporations exempt from
tax; Under the one-step process, the weights are assigned
as the reciprocal of the achieved sample rate. These
0 Homeowners' associations under Code section 528; weights are used to produce the aggregated total
frequencies and money amounts published in this.
E Information returns reporting no tax because of tax report for Forms 11 20-F, 11 20-L, 11 20-PC, 11 20-RIC,
treaty or convention according to Code section 894; 11 20-REIT and Form 11 20 with Form 5735 attached.

Prior year returns with total assets under $250 The two-step process was used to improve the
million filed on tax forms for years prior to 1992 and industry estimates. The first stage is identical to the
with accounting periods ending before July 1993. one-step process as described above and provides an
initial weight for the return. The second stage involves
The following chart displays the number of sampled post-stratification by industry. During post-stratifica-
returns that were excluded from tabulations and the tion, certain cells have small sample sizes. To handle
percentages they represent of the total sample sizes in this problem, a raking ratio estimation approach is
Tax Years 1989 through 1993. applied during post-stratification in order to determine
the final weights [5]. Restrictions are placed on the
Type of Tax Year raking process to produce final weights that fall within
return 1989 1990 1991 1992 1993 the range ir(213) x original weight to 4-(312) x original
Inactive 878 1,051 978 903 1,188 weight. These final weights are used to produce the
Other 155 39 aggregated frequencies and money amounts published
82 33 41
in this report for Forms 11 20, 11 20-A and 11 20S.
Duplicate 885 790 883 213 166
Prior Year 1,044 1,274 1,017 2,180 2,917
Data Limitations and Measures of Variability
Total 2,962 3,153 2,960 3,329 4,312
Several extensive quality review processes were used
% of Sample 3.68 3.69 3.50 3.96 4.71 to improve the quality of the data. The review
processes began at the sample selection stage with
weekly monitoring of the sample to ensure that the
The estimated number of active corporations by form proper number of returns were being selected. They
type for Tax Years 1989 through 1993 are provided -in continued through the data collection, data cleaning,
the next chart.
and data completion procedures with consistency
testing. Part of the review process included extensive

11
 Corporation Returns/1993 - Sample Description and Data Limitations

comparisons between the 1993 data and the 1992 standard error is expressed as a percentage of the
data. A great amount of effort was made at every value being estimated. This is called the.coeffi.cient.,of
Stage of pro6essing to ensu.re data. integrity. variation (CV) of the estimate. The coefficient of
variation can be used in assessing the reliability,of.an
Sampling Error estimate.
Since the corporation estimates are based on a
sample, they may differ. from figures thai would have The coefficient of variation of an estimate is
~,een oPtained if a complete census of all income tax calculated by. dividing the standard error by the
.returns had been taken. The particular sample used to estimate. . Coefficients of variation by industrial
produce the resul.ts in this report is one. of a large groupings for the estimated number of. returns, as Well
,number of possible samples that could have been as for selected money amount estimates, are shown in
selected,under the same.sample design. Estimates Table beginning on page 17. For.the estimated
derived from one of the possible samples could differ number of returns by asset size and industrial division,
from those derived for any other samRIe,, and from the coefficients of variation are given in Figure D.
population aggregates. The deviation of a sample
estimate from the average of. all possible similarly The coefficient of variation, CV(X), can be usedjo
selected samples is called the sampling error. The construct confidence intervals of, the estimate X. Jhe
standard error (SE) is a measure of the average magni- standard error, which is reclpirpoJor the confidence
tude.of the sampling errors over all possible samples. interval, must first be calculated.

The standard error is.the most commonly used For example, the estimated.number of manufacturing
I
measure of the sampling error and can be. estimated companies. with. net income and its. coefficient..of
from the sample. Sometimes, for convenience, the variation can befound in Table 1, and used- to. calculate

Figure D. 7-7CV
.s for Num ber-of! rns, by. Asset hize. and industrial vivision, :i-ax i ear 1993.. -
Size oftotal assets
Industrial division All $1 $100,000 $250,000.. $500,000
asset Zero under under under under
sizes assets $ 100,000 $500.000 $1,000,000
(2) (3) (4) (5) (6)

All Industries' ............. 0.64 3.~I .1.40.

Agriculture ......... 3.37 20.10 .6.60 .7.59, 5.64 4.891,
Mining .............. ... 6.79 26.53 12.81 16.11 13.20 10.82
Construction ................ 2.07 11.56 3.32 4.49
. 3.90 3.58-
Manufacturing ................ 2.16 12.94 4.77 5 36 4.13 3.53

Transportation .* .............. 3.18 14.01 5.28 7.08 6.131 5.72

Whoiesale and retail trade ..... .. 1.2 1 6.89 2.21 2.47 .2.18 2.12

Finance; insurance, andreal'estate 1.54 7~00 .2.97 3.36 2.96 -2.63

.
Services I .20 6.12 1.56 ..2.76 2.99 3.11

Size of total assets- '-continued

Industrial division $1,000,000 $5,000000 $10,000,000 $25,000,000 w,060,000 $100,000 I 000
under under under under under under".
~ti 000 (M VO (M 000.; t?i (M 000 1,050 000 000
(7). (8) (9) (12)
All Industries" ... 0.75. 1.28 0.86 0.88 0.08 0.04

Agriculture.................... . 3.87 9.94 7.90 1.1.0 ..0.73

I
Mi ning ............. ...... 7.63 10.2~ 7.08 7.99 0.84 0.14$ '
2.41 4.46 3.79 .5.09 0.66. 0.5~
Construction ................
Manufacturing ............... 1.89 2.81 1.68 1.75 0.24 0.12

transportation ........... -3.65 6.17' 4.15 4.34 '

0.53 0.28
Wholesale and retail,trade ........ 1.31 2.31 1.75 2.15 0.29 0.17

Finance, insurance, and teal estate . 1.64 2.71 1.58 1.38 0.08. 0-.04
Servi6es .................... 1 2:14 3.98 '1 2.77 1 3.03 ~0.37 .0.23

Includes returns not.allocable by industrial division.

Note: Returns with total assets of $2,50 million or more were sampled at the 100% rate and are, therefore, not subjected to sampling error.

12
 Corporation Returns/1993 - Sample Description and Data Limitations

the standard error: sample selection has ended for that tax year.
However, any of the largest returns found are added
SEW = X x CV(X) into the file until the final file is produced.
= 179,594 x 2.62/100
= 4,705 Coverage problems within industrial divisions in the
SOI corporation study result from the way consolidated
Assume that a 95 percent confidence interval for the returns may be filed. The Internal Revenue Code
number of returns in manufacturing is desired. The 95 permits a parent corporation to file a single return
percent confidence interval is constructed as follows: which includes the combined financial data of the
parent and all its subsidiaries. These data are not
X ± (2 x SEM) = 179,594 ± (2 x 4,705) separated into the different industries but are entered
= 179,594 ± 9,410 into only one industry. Thus, there is an under
coverage of financial data within certain industries and
Thus, the interval estimate is 170,184 returns to over coverage in others. Coverage problems within
1 89,004 returns. This means that if all possible industrial divisions present a limitation on any analysis
samples were selected under essentially the same done with the sample results.
general conditions and using the same sample design,
and if an estimate and its standard error were calculat- Unit non-response for SOI occurs when a sampled
ed from each sample, then approximately 95 percent return is unavailable for SOI processing. For example,
of the intervals from two standard e'rrois below the other areas of the IRS such as Examination, Collection,
estimate to two standard errors above the estimate or District Offices may have the return at the time the
would include the average estimate derived from all return is needed for statistical processing. These
possible samples. Thus, for a particular sample, it can returns are termed unavailable returns. In 1993, there
be said with 95 percent confidence that the average of were 118 unavailable returns in the corporation study,
all possible samples is included in the constructed which constituted about .13 percent of the total
interval. This average of the estimates derived from all sample size. The following chart gives the number of
possible samples would be equal to or near the value unavailable returns and their percentages of total
obtained from a census. sample sizes for Tax Years 1989 through 1993.

Non-sampling Error
In addition to sampling error, non-sampling error can Tax year 1989 1990 1991 1992 1993
also affect the estimates. Non-sampling errors can be
No. of returns 89 27 69 99 118
classified into two groups: random errors whose
effects may cancel out and systematic errors whose % of Sample 0.1 0.03 0.08 0.12 0.13
effects tend to remain somewhat fixed and result in
bias.
Errors in recording, coding or processing the data can
Non-sampling errors can be categorized as coverage cause a return to be sampled in the wrong sampling
errors, non-response errors, processing errors, or re- class. This type of error is called a mis-stratification
sponse errors. These errors can be the result of the error. One example of how a return might be mis-
inability to obtain information about all returns in,the stratified is the following: a corporation files a return
sample, differing interpretations of tax concepts or with a total asset amount of $10,000.23 and net
instructions by the taxpayer, inability of a corporation income of $5,000.00; a processing error causes the
to provide accurate information at the time of filing cents to be keyed in as dollars so that the return is
(data are collected before auditing), inability to obtain classified according to $1,000,023 total assets and
all tax schedules and attachments, errors in recording $5,000 net income. The return would be mis-stratified
or coding the data, errors in collecting or cleaning the according to the incorrect value of total assets.
data, errors made in estimating for missing data, and
failure to represent all population units. The chart below shows the number of mis-stratified
returns for Tax Years 1989 through 1993.
Coverage errors in the SOI corporation data can result
from the difference between the time frame for
sampling and the actual time needed for filing and Tax year 1989 1990 1991 1992 1993
processing the returns. As stated above, many of the
No.'of returns 1,271 1,969 1,420 1,207 1,082
largest corporations receive extensions to their filing
periods and, as a result, may file their returns after

13
 Corporation Returns/1993 - Sample Description and Data Limitations -

Mis-stratified returns in the sample were reclassified References

into their proper sampling classes after complete data [11 Jones, H. W., and McMahon, P. B. 0 984), "Sam-
capture. The population of returns that needed to be pling Corporation Income Tax Returns for Statistics of
reclassified was estimated from the sample and'the Income, 1951 to Present," 1984 Proceedings of the
st.iatum.population sizes were adjusted accordingly [6]. ,Section on Survey Research Methods, American
Population and sample totals were minimally affected Statistical Association, pp. 437-442.
by reclassification, and an analysis of the sample
results tended to confirm that mis-stratified returns [21 Harte, J. M. (1986), "Some Mathematical and
occurred randomly. Steps are, being taken by both the Statistical Asppcts of the Transformed Taxpayer
Service Centers , and the SOI Division to'minimize the Identification Number: A* Sample Selection Tool Used
number of mis -stratified returns. at IRS," 1986 Proceedings of the Section,on Survey
Research Methods, American Statistical Association,
Response errors'are due to data being captured pp. 603-608. -
before'auditing'. Some purely arithmetical errors made
by the taxpayer are corrected during the data capture S., and Hinkins, S. (1995), "Creation of
.[31 Hughes, E.
and cleaning processes. Because of time.6onstraints, Panel Data from Cross-sectional Surveys," 1995
adjustments to a return during auditing are not incorpo- Proceedings of the Section on Survey Research
rated into the SOI file'. Methods, American Statistical A ssociation, pp. 408-
413.
Industrial'Clastif ication
The industry classification used in this report geher- [41 Oberall, B. (1995), "Imputati6n of Balance Sheets
ally conforms to the former Enterprise Standard Indus- for the 1992 SOI Corporate Program," 1995
trial Classification (ESIC) authorized by The Office of Pioceedings..of the Section on- Survey Research
Information and Regulatory Affairs in The. Office of Methods, American Statistical Associationi pp. 275-
Management and Budget (OMB). This classification 280.
was designed to classify companies which are often
engaged in more than one industry activity into only [51 Oh, H. L. and Scheuren, F. J. (1987), "Modified
one industry category. The.structu re of. this. classif ic.a- Raking ' Ratio Estimation," Survey Methodology,
tion'follows closely along the lines of the underlying Statistics Canada, Vol. 13, No. 2, pp. 209-219.
Standard Industrial: Classification (SIC) Manual, also
authorized by.OMB, which is.designed as a means of [61. Mulrow, J. M. and Jones, H.W. (1989), '.Sampling
classifying establishments. Some depart uires from the Administrative Records: Detection and Correction of
ESIC syste rn were made by SOI forfinancial industries Stratification Errors," Statistics of Income and Related
in order to*' reflect particular provisions of the Internal Administrative Record Research: 1988-1989, Internal
Revenue Code'. The differences between the ESIC,and Revenue Service, December 1990, pp. 139-144.~
SIC ind6stne~'aA tke SOI inidust ries used in this re'port i
have been analyzed.

14
Section 4 Basic Tables

Income and Financial Data by Industry and Table 10- Returns of active foreign corporations with
Size U.S. business operations, Form 1120-F:
Income statements and selected tax items
Table 1 - Returns of active corporations: Number of by industrial division and selected major
returns, selected receipts, cost of sales and industries, page 83
operations, net income, deficit, income sub-
ject to tax, total income tax, selected credits, Table 11- Returns with net income, active foreign
total assets, net worth, depreciable assets, corporations with U.S. business operations,
depreciation deduction, and coefficients of Form 1120-F: Income statements and se-
variation, by minor industry, page 17 lected tax items by industrial division and
selected major industries, page 85
Table 2- Returns of active corporations: Balance sheet,
income statement, and selected other items, Table 12- Returns of active corporations, other than
by size of total assets, page 37 Forms 1120S, 1120-REIT, and 1120-RIC:
Balance sheet, income statement, tax, and
Table 3- Returns with net income: Balance sheet, selected other items, by selected major
income statement, and selected other items, industries, page 87
by size of total assets, page 39
Table 13- Returns with net income, other than Forms
Table 4- Returns of active corporations: Selected 11 20S, 11 20-REIT, and 11 20-RIC: Balance
balance sheet, income statement, and tax sheet, income statement, tax, and selected
items, by industrial division, by size of total other items, by selected major industries,
assets, page 41 page 92

Table 5- Returns of active corporations: Selected Table .14- Returns of active S Corporations, Form
balance sheet, income statement, and tax 11 20S: Balance sheet and income state-
items, by industrial division, by size of busi- ment, by selected major industries,
' page 97
ness receipts, page 51
Table 15- Returns with net income, S Corporations,
Table 6- Returns of active corporations: Balance sheet, Form 1120S: Balance sheet and income
income statement, tax, and selected other statement, by selected major industries,
items, by major industry, page 61 page 101

Table 7- Returns with net income: Balance Sheet, Table 16- Returns of active corporations, Form 1 120:
income statement, tax, and selected other Balance sheet, income statement, tax, and
items, by major industry, page 69 selected other items, by major industry,
page 105
Selected Subjects
Table 17- Returns with net income, Form 11 20: Bal-
ance sheet, income statement, tax, and
Table 8- Returns of active corporations, Form 11 20-A:
selected other items, by major industry,
Balance sheet, income statement, tax, and
page 113
selected other items, by selected major indus-
tries, page 77
Table 18- Returns of active corporations: Total re-
ceipts, net income, statutory special deduc-
Table 9- Returns with net income, Form 11 20-A:
tions, income tax, selected credits, and tax-
Balance sheet, income statement, tax, and
payment items, by accounting period ended,
selected other items, by selected major indus-
page 121
tries, page 80

is
 Corporation Returns/1993-Basic Tables

Table 19- Returns of active corporations, consolidated, Notes

returns: Balance sheet, income statements, All money amounts and frequencies in the tables in
tax, and selected other items, by selected the followir~g sections. are subject to rounding error.
industrial divisions, page 122 .
As a result, a row or colq-mn of frequencies or amounts
ilr to
may,fa add exactly -to the corresponding total
Table 20- Returns of active corporations:. Tax. items: . amount. Money amounts ate rounded to the nearest
Number of returns by selected types of tax; $1,000 at the table level. Amounts of $500 or more
dividend items, net income or deficit, statU- were rounded'up to the next thousand. Total amounts
tory special deductions, income subject to under $500.wer6 entered as zero and footnoted to
tax, income tax, credits, payments; by indicate t6at an amount was, present and greater than
selected industrial divisions, page 124 zero, but less than $500.

Table 21- Returns of active corporations, other than Whenever a cell frequency was less than three,; the
Forms 1120-REIT, 1120-RIC and 1120S: estimate was combined or deleted in order to avoid
Number of returns, selected income, tax, disclosure of information about specific corporations.
credits, and general business credit items, Combinations or deletions were indicated by a, double
by selected industrial divisions, page 126 asterisk (" Yor a triple asterisk respectively. In
all other cases, an estimate based on fewer than.ten
Table 22- Returns of active corporations, other than returns, not all selected at the 1 00% rate, is indicated
Forms 1120-REIT, 1120-RIC, and 1120S: by an asteriskM and. should be:considered statistically
Number of returns and selected tax items, unreliable. These. estimates.should typically be used in
by size of total income tax 'after credits, combination with other tabulated values due to the
page 127 small sample size.

Table 23- Returns of active corporations: Alternative The statistical reliability of each cell. in the tables was
minimum' tax: number of returns, tax,prefer, 'determined separately from all other cells. Thus, it is
ence and related items, by selected indus- possible for a total figure to be~ marked with an asterisk.
trial divisions, page 128 indicating statistical unrbliability, while a subset of
the total is not so marked. - For example, an. ' industrial
Table 24- Returns of active corporations with - 50 division amount could be based on seven ret urns, three
percent or more foreign ownership: Balance' not sampled at the 100% rate.. This amount would
sheet, income statement, tax, and selected receive an asterisk. However, a major group within the
other-items by major,industiry, page 129 division may include all of the four returns sampled, at
the 100% rate and not -receive an asterisk.
Table 25- Returns with net income for corporations
with,50. percent or more foreign ownership: A dash (-) in.place of a frequency or-ah amount can
Balance sheet, income statement, tax, *and indicate one,rof two things. If returns were sampled at
selected other iterns by major -industry, page the 100% rate, then no retuens had.that particular
137 characteristic. If returns were sampled at less than. the
100% rate, then either no return in the' population had
that characteristic, or the characteristic ~ was, so'rare
that it did not- appear in any of the sampled re tur ns.

16
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table I-Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry
JAJI figures are estimates based on samples-money amounts are in thousands of dollarsl
Number of returns Total receipts Cost of
Minor industry With net All Returns with Business sales and Net income
Total income returns net income receipts operations
(1) (2) (3) (4) (5) (6) (7)
Total returns of active corporations .................... 3,964,629 2,144,634 12,269,721,710 9,871,033,217
- 10,865,542,620 7,052,236,546 668,666,005
Agriculture, forestry, and fishing......................... 141,326 81,456 98,301,076 69,823,658 92,071,144 53,240,017 4,841,649
Agricultural production ............................................. 85.544 50,236 64,896,785 44,151,262 59,707.432 33,477,179 3,451,862
Agricultural services (except veterinarians) ..............
forestry, fishing, hunting, and trapping.................. 55,782 31,220 33,404,291 25.672,295 32,363,712 19,762,.838 1,389,786
Mining .................................................................... 35,345 15,969 112,121,150 66,868,842 102,064,204 66,116,698 6,641,868
Metal mining .......................................................... 1,546 190 11,261,462 8,290,968 10.069,610 6.520,122 886,161
Copper, lead and zinc, gold and silver ores 905 57 8,826,372 6,436,731 7,838.155 4,767,404 750,701
Other metal mining I............................................ 641 134 2,435,090 1,854,237 2,231,455 1.752,718 135,460
Coal mining ........................................................... 1,085 395 18,493,760 8,184,980 17,111,921 12,470,341 466,344
Oil and gas extraction ........................................ ... 28,539 13,715 70,360,967 32,009,174 63,452,120 40,450,457 4,636.115
Crude petroleum, natural gas, and
natural gas liquids............................. ....... ...... .16,830 7,917 51,835,594 17,519,296 46,382,824 31,529,047 3.318,370
Oil and gas field services ; ................. ........ - 11,709 5.798 18,525,372 14,489,878 17,069,296 8,921,410 1,317,745
Nonmetallic minerals, except fuels......................... 4,175 1,669 12,004,961 8,383,720 11.430,553 6,675,678 553,239
Dimension, crushed, and broken stone;
sand and gravel................................................ 3,864 1,622 8,717.105 5.639,086 8,251.097 4,863,957 402,463
Other nonmetallic minerals, except fuels .............. 311 47 3,287,856 2,744,634 3,179,456 1,811,721 150,775
Construction .............. ........................................... 417,250 250,904 638,266,262 394,649,447 528,889,876 408,884,991 14,814,676
General building contractors and
operative builders ............................................. 164,141 91,200 234,275,436 172,782,870 229,586,406 193,084,542 5,916,591
General building contractors................................ 161,130 89,509 220,942,982 161,728.259 217,231,794 185.698,203 5,397.923
Operative builders ............................................... 3,011 1,691 13,332,453 11,054,611 12,354,612 7,386,339 518,668
Heavy construction contractors.............................. 18,839 12,394 86,429,753 63,769,458 83,610,871 66,189,838 2,511,597
Special trade contractors....................................... 234,270 147.310 217,561,063 157,997.118 2115,692~599 149,610,611 6,386,486
Plumbing, heating, and air conditioning............... 40,228 27,632 44,673,231 34,05,451 44,326,032 31.913,186 1,078,580
Electrical work..................................... ............... 34,962 22,061 37,527.985 26,579,683 37,267,967 26,880,664 966,267
Other special trade contractors and
. contractors not allocable ........................... ....... 159,080 97,616 135,359,847 96,721,984 134,098,600 90,816,561 4,341,640
Manufacturing ....................................................... 307,419 179,694 3,890,747,271 3,184,314,464 3,652,017,916 2,483,308,485 214,058,222
Food and kindred products .................................... 16,801 10,094 417,500,838 349,746,093 401,241,245 273,582,092 20,403.244
Meat products....... ............................................. 2,280 1,532 68,625,755 55,328,916 67,902,353 58,924,650 1,265.763
Dairy products ......... ............. 1,421 1.022 33,439,122 22,973,016 32,747,463 24,541,118 747,811
...... ...
Preserved fruits and vegetables ........................... 433 309 28,426,016 22,757,110 27,101,228 17,974,566 1,696,276
Grain mill products.............................................. 1,710 1,084 85,014,220 82,287,728 81,657,116 54,930,240 4,489,073
Bakery products .................................................. 2,923 1,378 18,595,097 14,150,181 18,397,409 10,054,913 772,588
Sugar and confectionery products ....................... 786 486 19,987,627 16,214,300 19,488.597 11,880,564 1,287,565
Malt liquors and malt............................. ............. 38 *33 18.085,931 '16,266,943 17,695,645 8,835,975 *1,314,329
Alcoholic beverages, except malt
liquors and malt.............................................. 916 477 9,735,861 9,223,527 8,935,342 5,037,236 999,763
Bottled soft drinks and flavorings ......................... 689 583 64,823,853 56,378,508 58,664;~10 31,961,194 5,397,955
Other food and kindred products ......................... 5,605 3,189 70,767.356 54,165,865 68,651,880 49,441,636 2,432,120
56 - -
Tobacco manufactures ........................................... 77,170,810 69,480,651 31,340,331
Textile mill products............................................... 5,587 3,676 69.219,016 54,669,347 67,986,870 50,536.065 3,264,093
Weaving mills and textile finishings ..................... 1,084 932 21,856,568 18,024,707 21,432,958 15,590,103 1,158,820
Knitting mills........................................................ 795 584 8,759,615 7,052,404 8,682.775 6,592,729 507,974
Other textile~ mill products.................................... 3,708 2,161 38,602,833 2%592,236 37.871,137 28,353,233 1,597,299
Apparel and other textile products ......................... 17,604 8,613 76,366,926 60,848.784 74,387,798 52,800,360 4.175,008
Men's and boys! clothing ...................................... 1,609 509 23,855,435 20,798,793 22.749.090 15,673,843 2,049.608
Women's and children's clothing ......................... 4,862 2,139 26,994,829 20,653,635 26,513,028 19,523,724 1,103,903
Other apparel and accessories ....................... 5,108 2,695 12,220,415 9,306,706 11,960,504 8,326,902 496,578
Miscellaneous fabricated textile products;
textile products, not elsewhere classified........... 6,025 3,270 13,296,247 10,089,651 13,165,177 9,275,891 524,920
....................
Lumber and wood products................................... 18,926 11,806 89,568,228 75,362,285 86,772,376 65,098,550 4,087,533
Logging, sawmills, and planing mills ............... 9,182 6,391 35,062,244 29,644,006 33,441,050 24,396,075 2,074,580
Millwork, plywood, and related products 4.337 2,055 31,846,570 26,552,549 31.417,121 24,136.361 1,027,409
Other wood products, including wood
buildings and mobile homes ............................. 5,407 3,360 22,659,414 19,165,731 21,914,205 16,566,113 985.545
Furniture and fixtures ............................................. 9,750 5,791 42,799,271 36,580,980 42,029,223 29,130,281 2,068,033
Paper and allied products...................................... 3,602 2,036 143,000,052 83,742,498 137,365,982 96,772,639 5,160,751
Pulp, paper, and board mills ................................ 399 328 71,287,860 40,014,818 68,037,043 46,903,544 1,557,317
Other paper products.......................................... 3,203 1,708 71,712,192 43,727,680 69,328,939 49,869,095 3~603.4341
Printing and publishing.......................................... _ 52.786 28,402 171,222,942 145,534,234 163.064,058 78.082,454 11,117,272
Newspapers ...................................................... 5.565 2,567 43,698,845 41,339,110 41,607.140 13,327,103 4,119,232
Periodicals ........................................................... 5,744 2,341 29,003,940 23,839,354 26,287,367 13.293,344 1.703,611
Books, greeting cards, and
miscellaneous publishing ....... ................... I ..... 10,693 4,832 32,261,724 27,923,211 29,978,738 11.062,595 2,280,720
Commercial and other printing, and
printing trade services ......................... I ............ 30,785 18,663 66,258,433 52,432,558 65,190,814 40,399,412 3.013,710
Chemical and allied products ................................. 12,247 6,903 439,376.884 392,533,487 407.689,732 239,696,801 38,464,356
Industrial chemicals, plastics materials
and synthetics .................................................. 4,040 1,971 175,077.264 145,738,859 162,957,302 110,005.243 8,878,922
Drugs.................................................................. 1,223 994 131,410,597 128,121,349 118,569,531 51,272,614 21,154,808
Soaps, cleaners, and toilet goods........................ 1,912 1,431 81,710,072 76,068,798 77,452,189 49,007,305 5,184,953
Paints and allied products ................................... 1,384 863 12,750,684 11,542,547 12,630.786 7,346,613 925,836
Agriculture and other chemical products.............. 3,688 1,644 38,428,267 31,061,934 36,079,923 22,065,027 2,319,837
as at end of tabita. See taid for *Eq)bmtW of Terms' and wDescirlption of the Sample and Limitations of the Data.'

17
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table I -Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry
Number of returns Total receipts Cost of
All Returns with Business sales and Net Income
Minor industry With net
Total income returns net income receipts operations

(2) (3) (4) (5) (6) (7)

(1)
Manufacturing-Continued
Petroleum (including integrated) and 343,239.136 22,204,272
1 ,476 869 468,668,226 427,508,715 441,496,226
coal products ........................................... ........
408 331 463,361,363 423,758,461 436,278,922 339,150,259 22,026,487
Petroleum refining (including integrated) .............
Petroleum and coal products, not
1 ,068- 537 5,306.863 3,750,254 5,217,304 4,088,877 177,785
elsewhere classified..........................................
11,350 8,050 92,138,487 72,244,684 89,398,586 61,065,066 4,859,411
Rubber and miscellaneous plastics products
Rubber products; plastics footwear,
1 , 515 1 , 225 37,013,122 27,406,894 35,369,167 23,786,082 .1,946,709
hose and beltirig............................ ..................
9,834 6,826 55,125,365 44,837,790 54,029,419 37,278,984 2,912,703
Miscellaneous plistics products .......................... 555,686
2,254 1,714 20,065,699 9,953.175 19,376,790 13,324.935.
Leather and leather products .................................
326 ~ 92 15,277.562 5,947,674 14,689,012 9,912,029 337,306
Footwear, except rubber......................................
Leather and leather products, not
1,622 4,788,137' 4,005,501- 4,687,778 3,412,907 218,379
elsewhere classified ............................ . . ............ 1,928
9,403 5,439, 65,614,219 45,864,701 61,718,495 40,306,111 2,917J81
Stone, clay, and glass products ............................. 1,328,078
1,284 771 26,189,164 15,737,429 23,596,080 14,288,716
Glass products .......... ...........................................
199 116 5,709 148 4,137,752 5,439,876 3,568,941 273.154
Cement, hydraulic ................................... ........... 718,242
4,076 2.737 20,153,971 14,751,844 19,372,491 13,776,255
Concrete, gypsum, and plaster products.... ........ 597,707
3,844 1,816 13,561,937 11,237,677 13,310,048 8,672,199
Other nonmetallic mineral products....... I ..............
4,452 2,307 134,054,472. 64,901,241 129,848.948 102,351,094 3;268,392
Primary metal industries.... ! ................................
Ferrous metal industries, miscellaneous
30,825,529 67,076,767 51,021,525 1,728,119
primary mineral products .................................. 2 .694 1 . 178 68, 993.068
1 . 757 1 , 129 65 ,061,404 34,075,711 62,772,180 51,329,569 1,540,273
Nonferrous metal industries... ....................... ........ 9,394,366
45,403 28,789 186,466,121 147,197,953 182,267,601 128,244,086
Fabricated metal products.................... w ......V w ........
188 89 7,332,920 3,862,044 7,068,173 5.201,181 105. 231
Metal cans and shipping containers .....................
Cutlery hand tools, and hardware; screw
mackine products, bolts, and similar
18,226,265 19,814,919 12,399,721 1,799,059
products ....................................... ........ .......... 3 , 715 2 , 349 20 ,802 ,416
Plumbing and heating, except electric 818,72.4
1 , 035 566 111 ,966,434 10,315,494 11,521,649 7,769,687
and warm air................................. ........... ...... 1,375,264
8,293 5,410 41,656,360. 30,244,321 41,025,480 30,848,162
Fabricated structural metal products ................ :....
3,447 2,434 20,273,370 16,396,105 19.941,742 14,540;369 845,073
Metal forgings and Stampings ................. ............
2,882 1,244 5,619,028 4,723,554 5, 492,108 3,542,419, 314,313
Coating, engraving, and allied services................ .
Ordnance and accessories, except vehicles
433 359 1 ,982, 876 1,133,038 1,945,257 1,332,061 122,823
and guided missiles .........................................
25,410 16,338 76,832,716 62,2W, 132 75,458,272 52,610,487 4,013,880
Miscellaneous fabricated metal products ............. 11,083,881
'
28,469 18,692 287,011,155 185,162,179 256,037,190 177,135,480
Machinery , except electrical...
1,849 963 - 17,361,145 15,438,654 16,150,876 11,027,284 679,962
Farm machinery . : .... ............... - ... .. ........
2,567 1l,8121 34,333,586 27,012,562 32,210,824 23,238,475 1,928,555
Construction and related machinery....................
............... .. .* .....
5.659 23~332,233 17,380,047 22,777,774 14,740,667 895,596
Metalworking'machinery............ ....... ............ 7,193
21,515 2,489 26,624,812 18,258,639 25,817,800 18,202,491 1,087,841
Special industry machinery................................. 2,166.143
4.269 2,179' 33,064,560 26,489,794 31,967,345 21,299,330
General industrial machinery ...............................
Office, computing,. and accounting
1 , 823 1 , 061 116 ,497 ,200 49,199,127 92,473,669 64,539,107 2,683,879
machines- .................................................. ... 1,641,906
.6,223 4,519 35,797,620 31,403,356 34,638,901 24,088,126
Other machinery , except electrical............. .........
23,220 12,022 376,941,223 306,944,899 348,961,663 220,802,307 25 757,705
Electrical and electronic equipment ....................... .
520 110 715 17,196,843 18,694,340. 13,191 259 949,782
Household appliances ... b ....................... ........ ... 1
Radio, television, and communication
2, 742 1 , 026 51 ,086,684 34,004,177 49,249,499 31,724,249 2j290,722
equipment................ : .....................
11.288 6,295 160,198,959 138,673,421 154,096,524 .101,968,924 11.616,886
Electronic components and accessorie's...................
8.670 4,591 146,445,865 117,070,458 126,921,300 73,917,875 10,900,315
Other electrical equipment.......... ........................ .
2,781 1,633 354,658,361 331,564,480 316,683,277 241,343,318 17,280,092
Motor vehicles and equipment ................ ..............
Transportation equipment, except 7,762,276
4 ,711 2 .142 165 , 061 , 1588 134,049,227 155,904,993 118,041,622
motor vehicles ....................................... ; ..........
982 444 142,114,036 116.590,854 133,573,175 100,864,096 6,858,471
Aircraft , guided missiles and parts ......................
2,836 1,223 6,800,273 3.267,268 6,684,273 5,208,775 155,809
Ship and boat building and repairing ...................
Other transportation equipment, except
894 475 16, 147 , 379 14,191,106 15,647,544 11,968.752 747,996
motor vehicles.............................. ............ ......
9,357 5,518 128,384,938 112,631,581 11.9,309,391 69,673.622 8,538,384
Instruments and related products.......................... .
Scientific instruments and measuring
-21993 1,823 50,48~.534 45,344,956 47.945,921 30,923,989 2 .876,642
~devices watches and clocks.............................
5,798 3,317 41,763,474 31,956,427 39,977.563 20,908,211 3,718,270
Optical , ~edical , and ophthalmic goods ..............
566 379 36,135,930 35,330.198 31.385,907 17,841,422 1,943,472
Photographic equipment and supplies.................
Miscellaneous manufacturing and ... ...
27,183 85,457,715 80,996,820 50,742,132
manufacturing not allocable..............................
176,980 97,212 1,037,166,438 847,361,344 981,004,201 393,351,737 -'66,726,981
Transportation and public utilities ........................
142,775 79,699 385,169 602 247,822,069 369,808,333 147,519,370 .11,562,436
Transportation ... : ...................................................
350 286 49,335,386 43,586,133 44,820.781 16,897,970 1,933,476
Railroad transportation............... ........................
14,765 7,605 10,515,326 6,026,524 10,322.196 2,902,967 326,546
Local and interurban passenger transit ................
70,583 44,560 136,678,747 112,654,311 133,327,533 40,942.153 5,201,123
Trucking and warehousing...................................
8,220 .4,335 ' 21,715,597 16,855,396 20,129,118 10,754,276 930,884
Water transportation ................... : ........................
8,723. 2,603 101,716,131 24,639,471 98,544,695 35,748,459 1,202,963
Transportation by air............................................
91 61 2,234,015 2,182,645 2,069,795 931,718 687,802
Pipe lines, except natural gas ..............................
Transportation services, not
40,043 20,248 62,974,402 41.877,588 60,594,215 39,341,825 1,279,642
elsewhere classified .................................... ...
Footnotes at and of table. See led for 'FV12ution of Temns' and 'Description of the Sample and Undations of the Data.'

18
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table 1-Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry
[All figures are estimates based on samples-money amounts are in thousands of dollars]
Number of returns Total receipts cost Of
Minor industry With net All Retumswfth Business sales and Net Income
Total Income returns net income receipts operations
(1) (2) (3) (4) (5) (6) (7)
Transportation and public utilities
-Continued
Communication ..................................................... 18,314 9,272 1 291,889,491 272,138,875 267,591.004 75,486,785 28,517,490
Telephone, telegraph, and other
communication services................................... 11,007 6,646 242,324,571 234,306,091 223,458,707 64,044,018 23,434,593
Radio and television broadcasting ....................... 7,307 2,627 49,564.920 37,832,784 44,132,388 11,442,768 5,082,897
Electric, gas, and sanitary services........................ 14,890 8,241 360,097,344 327,400,400 343.604,774 170,345,582 25,647.055
Electric services................................................... 1,079 691 135,182,130 121,389,519 128,721,568 54,553,760 12,746,147
Gas production and distribution........................... 1,402 954 100,670,407 94,977,029 95,097,873 69,530,627 4,119,038
Combination utility services ................................. 454 310 92,192,065 86,797,323 89,140,728 36,220,040 6,920,656
Water supply and other sanitary services ............. 11,954 6,287 32,052,743 24,236,530 30,644,605 10,041,155 1,861,213
Wholesale and retail trade.................................... 1,072,980 582,440 3,709,494,745 2,929,136,468 3,623,042,683 2,786,432,350 78,182,240
Wholesale trade.................................................. 337,691 193,910 1,764,646,773 1,369,777,558 1,717,487,539 1,419,008,182 33,883,382
Groceries and related products............................ 24,137 14,213 233,541,617 189,681,179 230,145,618 198,564,365 2,857,121
Machinery, equipment, and supplies ................... 52,898 32,032 146,103,401 119,824.369 142,781,128 107.087.326 4,2115,114
Miscellaneous wholesale trade....................... - .... 260,656 147,665 1,375,001,755 1,060,272,009 1,344.560,792 1,113,356,492 26,811,147
Motor vehicles and automotive
equipment..................................................... 21,902 12,436 165,692,437 100,064,696 160,798,823 129,823,622 2,221,584
Furniture and home furnishings ......................... 9,309 5,162 17,023,856 14,156,994 16,668,442 11,971,921 554,152
Lumber and construction materials.................... 11,091 7,888 65,910,219 53.433,807 65,126,808 54,844,549 1,381,565
Sporting, recreational, photographic, and
hobby goods, toys and supplies................... 11,852 5,841 33,963,205 26,036,606 33,521,410 25,052,864 948,671
Metals and minerals, except petroleum
and scrap ..................................................... 7,482 4,690 77,396,740 52,230.650 76,510,062 69,536,221 823,077
Electrical goods ................................................. 25,288 14,658 157,008,109 119,622,323 153,761,244 122,765,954 3,674,035
Hardware, plumbing, and heating
equipment and supplies............................... 12,954 7,825 55,413,926 45,937,920 54,829,345 42,008,505 1,237,486
Other durable goods .......................................... 52,340 28,595 155,129,891 119,150,803 152,576,470 121,765,734 3,586,526
Paper and paper products ................................. 11,348 7,275 38,005,569 27,339,338 37,637,242 29,705,430 612,477
Drugs, drug proprietaries, and
druggists' sundries....................................... 5,061 2,970 72,298,340 57,220,322 71,323,706 62,379,302 1,207,162
Apparel, piece goods, and notions..................... 19,842 10,043 67,177,406 54,268.054 65,866,784 51,844,292 2,248,536
Farm-product raw materials............................... 7,377 4,759 105,647,049 86,794,383 103,448,934 96,132,885 1,555,272
Chemicals and allied products........................... 8,267 3,908 30,789,064 25,884,122 30,437,222 24,388,875 565,906
Petroleum and petroleum products .................... 12,056 8,610 155,286,039 128,141,768 146,394,891 133,334,119 1,996,802
Alcoholic beverages ........................................... 4,281 2,683 54,620,818 47,907,702 53,914,518 40,597,541 1,336,461
Miscellaneous nondurable goods;
wholesale trade not allocable........................ 40,206 20,322 123,639,087 102,082,520 121,744,890 97,204,679 2,861,434
Retail trade .......................................................... 729,238 385,386 1,947,033,662 1,563,870,419 1,897,931,943 1,361,813,955 44,001,095
Building matedals, garden supplies,
and mobile home dealers ............. ................... 43,318 24,531 97,790,433 79,124,781 95,959,372 69,147,493 2,959,199
Building material dealers ................................... 20,373 12,848 71,398,974 59,821,077 70,117,759 51,433,251 2,326,536
Hardware stores................................................ 12,233 6,028 13,204,065 9,497,142 13,028,210 8,683,846 254,591
Garden supplies and mobile home
dealers........................................................... 10,713 5,655 13,187,394 9,806,563 12,813,404 9,030,397 378,072
.
General merchandise stores................................ 8,174 4,977 330,719,918 297,486,208 313,426,207 213,166,343 9,003,380
Food stores................ ........................... ............ 69,930 33,662 359,746,018 285,716,508 353,911,970 267,415,911 5,812,606
Grocery stores ................................................... 36,060 19,716 334,162,424 267,783,695 328,695,707 250,522,312 5,252,609
Other food stores............................................... 33,870 13,947 25,583,594 17,932,813 25,216,263 16,893,600 559,996
Automotive dealers and service stations.............. 101,231 65,599 515,222,200 406,913,915 507,283,914 435,611,728 5,843,386
Motor vehicle dealers.............: ........................... 43,089 28,040 405,528,283 319,486,652 398,903,225 351,877,116 3,822,248
Gasoline service stations ................................... 25,187 17,296 62,555,708 52,639,151 61,944,411 51,193,990 949,059
Other automotive dealers ................................... 32,956 20,262 47,138,210 34,788,112 46,436,278 32,540,622 1,072,079
Apparel and accessory stores .............................. 43,275 22,039 103,278,124 76,112,672 100,174,447 61,025.616 3.550,854
Furniture and home furnishings stores................ 42,507 25,234 66,505,274 52,556,914 64,860,437 41,569,354 1,866,347
Eating and drinking places.................................. 183,973 88.313 160,368,835 115,548,486 154,244,755 64,459,462 6,152,557
Miscellaneous retail stores................................... 236,830 -121,031 313,402,860 240,410,935 308,070,841 209,418,047 8,812,766
Drug stores and proprietary stores ..................... 23,439 14,604 63,994,313 51,417,432 63,343,681 46,179,906 1,364,748
Liquor stores..................................................... 12,918 7,282 12,013,634 8,431,028 11,819,113 9,274,102 224,773
Other retail stores.............................................. 200,473 99,145 237,394,912 180,562,474 232,908,048 153,964,040 7,223,245
Wholesale and retail trade not allocable........... 6,050 3,145 7,814,310 6,488,490 7,623,101 6,610,213 297,763
Finance, Insurance, and real estate ..................... 641,397 296,483 1,940,316,739 1,699,628,670 992,334,922 640,333,700 226,661,700
Banking.............................................................. _ 10,673 8.610 419,989,980 382,771,836 58.003.923 540,616 50,486,782
Mutual savings banks .......................................... 219 196 8,069,868 7,259.116 620,571 116,608 1,454,151
Bank holding companies.. ............................... 6,093 5,107 342,642,405 330,801,203 50,132,869 391.708 43,555,919
Banks, except mutual savings banks and
bank holding companies................................... 4,361 3,307 69,277,708 44.711,518 7,250,483 32,299 5,476,712
Credit agencies other than banks.......................... 24,437 15,317 203,456,529 172,246,614 61,438,424 17,639,694 22,655,796
Savings and loan associations............................. 2,500 1,950 79,065,228 55,822,158 7.102,971 2,131,920 9,829,772
Personal credit institutions ................................... 3,236 2,306 19,267,463 18,875,658 6.932,610 705,065 2,569,522
Business credit institutions.................................. 1,897 1,001 11,341,020 9,477,712 2,511,947 249,393 793,523
Other credit agencies; finance not allocable......... 16,804 10,060 93.782,818 88,071,086 44,890,895 14,553,316 9,462,978
Security, commodity brokers and services............. 18,894 11,043 89,180,146 82,347,591 52,899,183 6,118,471 10,927,680
Security brokers, dealers, and
flotation companies ........................................... 1 9,099 5,465 70,172,434 65,925,175 36,013,096 3,186,174 8,774,300
1 1 1 1 1 1
end of table. See teA for Explanatim of Terms and 'Description of ft sample ard Urnitations of Un Data.m

19
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 1,-Number of Returns, Selected Receipts, Cost of Sales and Operations, Net, Income, Deficit, Income Subject to .
Tax, Jotal Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of.Variation, by Minor Industry
ikifigures are estimates based on samDies-monay amounts are in thousands of dollars]
Number of returns Total receipts cost of
With net All Returns with Business sales and Net income
Minor industry
Total income returns net income receipts operations

(1) (2) (3) (4) (6) .(7)

Flna~nce, Insurance, and real estate

-continued
Commodity contracts brokers and dealers;
security and commodity exchanges;
and allied services ............................................. 9,795 5,579 19,007,711 16,422,416 16,886,087 2,932,297 2,153,380
8,834 6,297 926,383,632 829,694,810 674,285,316 472,572,249 47,147,928
Insurance ........ :.....................................................
2,017 1,580 558,779,931 493,943,408 363,593,441 252,300,628 25.419,128
Life insurance.................................. I ...................
Mutual property and casualty
~ 1 , 488 1 ,653 133 ,100 ,598 125, 257 ,165 113, 589 ,341 83,790,010 7, 844,760
.
insurance companies~ ...................................... .
Stock property and casualty insurance
companies and other insurance
- companies .........: ........................................... 5, 328 3 ,664 234,503,103 210,494,237 197,102,533 136,481,610 13.884,040
Insurance agents, brokers, and service ................. 69,027 48,116 40,369,548 32,484,548 38,743,5`12 5,841,629 3,392,149
Real estate ......................................... .................. 452,152 180,255 116,964.778 73,355,726 96,160,636 33.116,551 10.047,45?
Real estate operators and lessors of
.buildings ...... I ....... 187,489 59,466 28,732,164 17,822,332 21,018,708 3,508,260 3,532,933
935 585 450,510 413,946 113,401 '22,652. 213,612
Lessors of mining, oil, and similar
............. - .... ..property..........
*.. ..... * ..........
J.essors of railroad property, and of real
property, no! elsewhere classified ..................... 3,103 1,966 268,565 215,593 83,292 -2,574 67,801
Condominium'management and
cooperative housing associations ..................... 40,067 23,549 11 i485,087 5,719,637 9,517.816 307,496 2i4:218
Subdividers and developers ................................. 60,076 25.134 33.500,660 21,024,934 29,372,782 21,687,261 2,7~4,110
Other real estate............................... .................. 160,483 69,555 42,527,792 28,159,284 36,054,636 7.588,307 3,224,786
Holding andother investment companies,
except bank holding companies ....................... 57,380 26,844 143,971,126 126,727,445 10,803,929 4,504,491 61,893,905
6,796 111,183,393 101,597,232 - 74,060,276
'Regulated investment companies.:.................. -... 5,732
346 237 5,988,692 5,166,341 1,709,881
Real estate investment trusts .......... : *- ..... * .... ** : ...
Small business investment companies 9,047 3.290 879,973 477,378 642,045 2*2,637 202,623
Other holding and investment companies,
41,191 17,585 25,919,068 19,486,494 10,161.884 4,501,854 5,921.124
. except bank holding companies.............. ........
Services................................................ ; ................ 1,157,724 636,096 9411,642,864 688,609,969 892,637,166 319,676,277 47,845,396
27,333 12,350 44,765,018 30,204,221 40,829,013 16,298.209 2,275,766
Hotels and other lodging.places .............................
87.709 48,544 37.911.10 29,287,478 36,621,753 12,206,109 2,093,312
Personal services..................................................
Business services .................................................. 348.824 192,551 330,010,271 243,504,192 314,192,719 127,590,521 17,027,013
30,425 17,162 40,395,776 29,127,760 39,280,463 20,570,086 1,342,260
.Advertising ..........................................................
Business services, except advertising .................. 318,399 175,389 289,614,494 214,376,432 274,912,256 107,020,435 15,684,753
Auto repair; miscellaneous repair services ............. 135,392 78,002 85,751,716 63,329,964 82,031,211 39,435,039 ' 2,998,126
86,212 48,284 63,0.66.228 46,499,302 59,586,343 26,836,555 2,078,b43
Auto repair and services .... ............ : ....................
Miscellaneous repair services.............................. 49,181 29,718 22,685,488 16,830,662 22.444,869 12,598,483 920,083
Amusement and recreation sentices.................. ... 101,208 49,134 110,778.853 75,710,061 1.00,252,291 40,419,589 5,791,999
Motion picture production, distiribution,
and services ...... ~: ....... ........... ......................... 16,282 6,945 34,664,497 22,393,659 30,905,658 16,804,454 i,4U,449
2,492 923 4,174,899 3,120,636 3,884,945 1,125,722 265,511
Motion picture' theaters.............. ..................
*Amusement and recreation services,
except moti6n pictures ........ : ............................. 82,433 41,266 71,939,457 50,195,767 65,461,687 22,489,413 4,104,039
Other services.: ..................................................... 457,258 332,425,899 246,574,053 318,610,169 83,725,810 17,659,179
Offices of physicians, including
: osteopathic physicians..................................... 39,760 23,399 28,824,308 18,918,503 28,330,766 .1,681,502 1,123,705
20,833 13,500 8,849,602 6,455,529 8,763,194 652,726 48~1,883
'Offices of dentists ................................................
Offices of other health practitioners ...................... 22,865 14,530 6,421,703 4.663,097 6,378,745 926,537 527,732
Nursing and personal care facilities ..................... 15,283 8,914 36,349,119 28,583,180 34,928,898 5,225,205 1,663,503
211 102 28,732,034 24,708,761 25,726,790 1,906,392 1,919,034
,:Hospitals ; ........... .........................................
Medical laboratories ............................................. 3,526 2,530 6,777,090 4,791,994 6,511,453 1,321.528 462,450
Other rnedical services........................................ 34,220 19..365 57,075,965 48,520,269 54,710,509 17,829,496 3,728,588
Legal services..................................................... 31,977 22,557 11,739,255 8,720,806 10,968,883 278,807 979,044
Educational services ......... !.;- ....... .....I ............... 22,121 10,926 15,137,813 10,659,337 14,753,315 3,947,260 - 611,433
'Social services ...... ................. I ............................ 14,432 8,616 5,987,961 5,024, 11 71 5,966,209 1,570.078 242,098
..Membership organizations ......... : .......................... 11,743 5,810 6,633,902 3,890,241 5,839,464 2,312,578 194,012
Architectural and engineering services................ '44,784 28,055 48,963,870 33,094.237 47,913,059 22,680,719 1,779,293
:Accounting,
. auditing, . and bookkeeping
servi ces....... I......... ............................................. 25, 166 18 , 456 5 , 993 , 711 4, 828 .880 5 ,847 ,826 826, 063 466 , 806
:.Miscellaneous services (including
veterinadans),, not elsewhere classified .............. 170,337 64,939.566 45,715,047 61,971,057 22,566,919 3,476,597
Nature of business not allocable......................... 1 15,208 1 4,381 1 1,676,176 740,657 1,680,618 893t392 -.103,285
FootnWes at end of table. See teA for 4Explanation ofTerms'and'Description of the Sa.Vleandl.hritationsolthe Data.

20
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table I-Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
JAII figures are estimates based on samples-money amounts are in thousands of dollars)
Income Total Foreign U.& Nonconventional General
Minor industry Deficit subject income tax possessions source business
to tax tax credit tax credit fuel credit credit
(8) (9) (10) (it) (12) (13) (14)
Total returns of active corporations....................... 160,606,831 436,797,939 164,447,416 22,895,789 4,722,688 690,693 3,078,073
Agriculture, forestry, and fishing ............................ 3,193,924 2,175,063 613,080 20,925 342 246 14,663
Agricultural production ........................................... 2,238,478 1.628.732 455,087 '20,739 342 245 12,829
Agricultural services, (except veterinarians),
955,446 546,331 157,992 *186 - - 1,834
forestry, fishing, hunting, and trapping ................
Mining ...................................................................... 3,913,138 3,454,714 1,360,692 526,299 27,566 12,501
Metal mining ............................................................ 636~429 711,811 290,158 108,546 *44 9
Copper, lead and zinc, gold and silver ores 541,719 616,314 254,169 96,410 *44 9
94,709 -95,496 *35,989 12,136 - -
Other metal mining I..............................................
Coal mining......................................................... ... 467,047 200,174 113,892 13,937 20 *1,442
Oil and gas extraction .............................................. 2,438,506 2,175,171 815,275 398,341 27,503 10,088
Crude petroleum, natural gas, and
natural gas liquids. .......................................... ... 1,905,189 1,833,571 679,545 358,858 25.867 8,461
Oil and gas field services ....................................... 533,317 341,600 135,730 39,483 *1,635 *1,628
371.156 367,558 141,368 *5,476 - *961
Nonmetallic minerals, except fuels ...........................
Dimension, crushed, and broken stone;
. sand and gravel.......... ....................................... 202,254 242,001 92,360 8 *443
168,903 125,556 49,008 *5,468 - *518
Other nonmetallic minerals, except fuels................
Construction ............................................................ 7,299,856 6,574,173 1,664,270 71,686 1,141 *772 22,262
General building contractors and
operative builders.................................................. 3,412,952 2,174,529 664,838 40,173 59 *366 7,733
General building contractors.................................. 3,231,742 1,858,544 552,293 39,333 59 *366 4,756
181.210 315,985 112,545 839 - - -2,977
Operative builders ..................................................
Heavy construction contractors................................ 1,104,877. 1,365,716 466,015 30,389 1,082 *392 9,492
2,782,027 2,633,929 523,417 *1, 1 24 - *14 5,037
Special trade contractors ..........................................
408,521 422,903 100.948 - *790
Plumbing, heating, and air conditioning .................
2
Electrical work, ...................... ................................ 634,330 375,264 107,632 *14 *957
Other special trade contractors and
1.739,176 1,235,762 314,836
- *1,124 - - 3,291
contractors not allocable.....................................
Manufacturing .......................................................... 40,838,265 173,882,249 61,912,971 16,344,916 4,668,902 368,367 1,673,063
Food and kindred products ...................................... 2,022,870 16,931,599 5,986,008 1,157,986 575,577 *533 66,183
283,846 948,382 335,372 5,319 - - 10,121
Meat products ........................................................
Dairy products........................................................ 362,473 422,544 148,126 *202 -5 1,893
226,058 1.552,965 551,333 92,926 - *14 10,454
Preserved fruits and vegetables ................. ........
Grain mill products................................ .......... 61,562 4,069,702 1,432,893 264,647 320 23,144
Bakery products..................................................... 198,746 511,167 .176,198 *1 41 522 1,524
Sugar and confectionery products............ ............. 143,559 1,067,748 375,714 102,230 8,440 3,191
'18,807 1,277,773 456,086 119 - 3,602
Malt liquors and malt ..............................................
Alcoholic beverages, except malt
83,728 388,194 139,000 486 27,829 - 8
liquors and malt.................................. .............
Bottled soft drinks and flavorings ............................ 204,167 4,850,081 1,715,121 *593.782 520,340 514 2,078
439,924 1.843,044 656,166 98,134 -18,125 - 10,167
Other food and kindred products ............................
Tobacco manufactures ............................................. 5,149,185 1,809,351 341,841 27,300 7,910 7,622
735.496 2,105,145 747,739 17,231 41,139 - 14.339
Textile mill products................ ................................
180,665 842,877 300,157 *5,555 - 6.504
Weaving mills and textile finishings ........................
133,951 325,361 116,205 - 39,019 *11.408
Knitting mills ......................... ................................
Other textile mill products................. .............. 420,879 936,907 331.377 11,677 2,121 6,428
Apparel and other textile products ............................ 1,084,056 2,787,051 965,649 201,504 43.727 6.027
Men's and boys'clothing ........................................ 190,284 1.858~3110 649,887 191,899 12,293 4,518
Women's and children's clothing ............................ 393,393 514,130 176,317 -6,881 20,864 *956
Other apparel and accessories............................... 288,753 183.341 61,306 2,320 *6,442 *416
Miscellaneous fabricated textile products;
textile products, not elsewhere classified ............. 211.626 231,269 78,140 403 4,128 *138
Lumber and wood products.......... ........... .............. 474,308 2,480,301 904,591 4,221 - 3.860- 9,169
Logging, sawmills, and planing mills...... __ ............ 140,808 1,375,019 507,813 *304 82 6,302
Millwork, plywood, and related products................. 187,605 521,235 201,029 983 829
Other wood products, including wood
145,895 584,048 195,748 2,933 - 3,778 2,038
buildings and mobile homes...............................
Furniture and fixtures....................... ....................... 394,805 1,370,581 468,528 22.164 103 6,819
Paper and allied products ........................................ 2,210,994 4,295,850 1,658,327 320,768 -4.861 28 17,621
Pulp, paper, and board mills.................................. 1.298,834 1,314,430 584,430 47,090 251 3 3,322
Other paper products ............................................. 912,160 2,981,420 1,073,898 273,678 4,609 25 14,299
Printing and publishing ........... ................................ 2,029,290 8.327,859 2,905,057 241,726 *6.764 *1,550 39,424
Newspapers....................... .................. ................ 303,690 3,650,181 1,288,694 37,157 3.909 *1,550 4,021
541,469 1.183.023 409,563 173,914 17 - '14,265
Periodicals .............................................................
Books, greeting cards, and
miscellaneous publishing .......................... ......... 545,752 1,585,102 555,049 27,292 - 5,112
Commercial and other printing, and
printing trade services ............................ ............ 638,379 1,909,553 651,751 3.363 *2,838 - 16,026
Chemical and allied products ................................... 4,005,980 34,799.148 12,404,694 3,693,641 2,312,285 63,865 349,135
Industrial chemicals, plastics materials
and synthetics ................................... _ ................ 1,800,949 7,414.167 2,686,645 908,989 81,476 63,865 98,545
1,034,468 19,977,023 7,092,094 1,885,865 2,150,407 - 208,183
Drugs .....................................................................
Soaps, cleaners, and toilet goods ..................... 464.556 4,755,358 1,692.232 745.643 22,643 21,610
Paints and allied products...................................... 57.264 783,918 273,953 7,827 25 4,886
Agriculture and other chemical products............ _.. . 648,742 1,868,682 659,770 1 145.317 1 57,733 1 15,910
Footnotes at and of table. See text for 'Explanation of Terms' and 'Description of the Sample and Limitations of the Data.*

21
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table I-Number of Returns, Selected Receipts, Cost of'Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits,-Totail As~ets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-ddritinued'
INI figures are estimates based on samples-money amounts are in thousands of dollars)
Income Total Foreign U.S. Nonconventional General
Minor industry Deficit subject income tax possessions source business.
to tax Xax credit tax credit fuel credit credit

(9) (10) 1) (12) (13) (14)

(8)
Manufacturing-Continued
Petroleum (including integrated) and
735,118 21,060.453 7,483,474 4,240,262 11,821 283,288 137,896
coal products......................................................
579,904 20,971,158 7,453,421 4,240,229 1 1.821 283,288 137,308
Petroleum refining (including integrated)................ r
Petroleum and coal products, not
30,052 *33 - - ~588
elsewhere classified ............................................ 155,214
. 89.295
1,383,051 3,096,583 1,092.387 316.593 8,581 24 11,633
Rubber and miscellaneous plastics products ...........
Rubber products; plastics footwear,
780,934 1,6151,507 595,263 257,298 733 24 4,015
hose and belting ...... : ..........................................
1,445,076 497,124 59,295 7,847 - 7.618
Miscellaneous plastics products ............................. 602,118
257.063 426.203 146,486 .1,715 18.752 1,116
Leather and leather products...................................
215.360 282.917 99.700 1,51.9 -9,397 * 522
Footwear, except rubber.........................................
Leather and leather products, not
*41,703 143,286 46,786 *196 9,355 *594
elsewhere classified .......... .................................
1.051,872 1,901,943 680,647 130,995 4,112 3,767 10,596
Stone, clay, and glass products ...............................
411,741 1,092,409 385,045 -129,218 2,772 3,766 *5,994
Glass products .................................................... ..
90,052 134,029 50,830 14 - - 1,168
Cement, hydraulic ................................. : ................ .
145,789 *65 - - 765
Concrete, gypsum, and plaster products ................ 291,816 -415,549
258,263 259,956 98,983 -1,697 1,339 1 -2,669
Other nonmetallic mineral products........................
4,146,106 2,255,770 836,122 125,099 18 1.119 7,680,.
Pdmary metal industries ...........................................
Ferrous metal industries, miscellaneous
2.095,795 1,180,570 440,573 8,601 - 1`19 2.254
pdmary mineral products.....................................
2,050,311 1,075,199 395,549 116,498 18 5,427
Nonferrous metal industries................................... .1
2,169.552 5,848.462 2,013,037 281,899 5.586 . 22,665
Fabricated metal products ........................................
'58,957 65.878 29.364 961 2,514 - 1,169-
Metal cans and shipping containers .......................
Cutlery, hand tools, and hardware;. screw
machine products, bolts, and similar
154,072
- 1,458,903 .510,062 206,868 1,039 4,654
products ...................................................... ......
Plumbing and heating, except electric
85 , 972 565 ,245 196 , 865 *15,552
and warm air ................................................
. ...... .1
658,858 -806,674 273,129 9,506 3,563
Fabricated structural metal products ........... ..........
245,984 400,893 135,094- -1,515 2,027
Metal forgings and Stampings ................................
40,710 _ 191,602 59,853 *24 58 *298
Coating, engraving, and allied services: .................
Ordnance and accessories, except vehicles
-68 , 987 119 ,028 40 , 090 71 323
and guided missiles............................................
2,240,2~19 768,580 47,402 -1,974- 9,624
Miscellaneous fabricated metal products................
5,223031 8,169,415 2.866,702 676,049 *46,990 1,287 129,109
Machinery, except electrical .....................................
.150,496 -3,607 - 937
Farm machinery ......................................... : ........... 108,857 . 441,660
367,763 1,460,745 518,232 229,402 3,263 .1,287 48,732
Construction and related machinery.......................
264,443 448,653. 149,722 8,072 290 - 21845
Metalworking machinery ............................ .............
731,083 609,487 211,998 33,264 7 4,810
Special industry machinery................ ...............
401,407 -1.772.836 629.388 104,639 18,363 11,319
General industdal machinery..................................
Office, computing, and accounting
3.037,243 2,211,871 785,947 191,755 25,067 53,050
machines ............. .................................. I ......... ...
312,336 1,224,163 420,919 105,309 - 7.415
Other machinery, except electrical...........................
6.326,676 21,751,311 7,650,691 1,051,056 1,010,851 224,815
Electrical and electronic equipment ..............
81,318 767,79.6 01 -25,287 - 3,946
Household appliances................................. ........
Radio, television, and communication
801.572 1,682,144 59~,207 101,916 109,018' 19,444
equipment............................... .... ...................1 .
2,116,077 9,642,335 3,385,647 520,383 65,028 153,188
Electronic components and accessories .................
3;327,709 9,659.035 3;397,707 403,470 836,805 48,237
Other electrical equipment .....................................
1,499,507 13,601,061 5,125,245 2,683,646 12,577 .42 401,164
Motor vehicles and equipment .................................
Transportation equipment, except
1,508.689 6,252,817 2.245,667 128,427 740 2,051 14,865
motor vehicles ......................................... ...... ......
1,059,600 5,632,796 2,022,514 120,987 568 2,051 12,345
Aircraft, guided missiles and parts .........................
285,475 - 49,390 16,634 2 173 - *522
Ship and boat building and repairing... ...................
Other transportation equipment, except
206,219 *7,438 - *11,998
motor vehicles ......... .............. ............................ 163,614 570,630
11,889,114~ 7,M4.313 2, 509.696
' 510,301 412,228 65,076
Instruments and related products... .....................
Scientific instruments and measuring
401,012 2,303.949 806,979 225,221 *119,850 23.370
devices; watches and clocks...............................
1,447,102 3,178,129 1,117,846 85,797 292.378 40,585
Optical, medical, and ophthalmic goods .................
41,028- -1,742, 22i4 584,871 199,284 - -1,121
Photographic equipment and supplies...... ............ .
Miscellaneous manufactudng and
4,047,202 1,412,873 197,791 24,894 *30 30,099
manufacturing not allocable................................
.Transportation and public utilities ......................... 12,841,631 68, 805,017 2%717,373 343,148 82,567 210,874 519,988
7,111,046 7,886,087 2,910,421 60,433 15 -31,343 64,775
Transportation................................................... ......
1,569.309 630,529 9,467 - 31,329 24,340
Railroad transportation................... : ....................... 1,204,099 .
231,527 . 200,584 60,799 544 - - -2,257
Local and interurban passenger transit ... ..............
81~,153 3,426;06~ 1,166,038 14,455 15 *14 19961
Trucking and warehousing .....................................
421,243 581,806 215,654 18,657 .8:744
Water transportation ..............................................
3,689,981 846,85~ 390,806 *1,674 4,107
Transportation by air..............................................
649,185 226.857 -8,748 -
Pipe lines, except natural gas................................ .'19,20
Transportation services, not -
731,760 606,281 219,738 -6,889 5,365
elsewhere classified ............................................
Footnotes at end of table. See text for 'Explanatim of Temnse and 'Description of the Sample and L~*ations of the Date.'

22
 Corporation Returns/ 1 993
RETURNS OF ACTIVE CORPORATIONS
Table I-Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
JAJI figures are estimates based on samples-money amounts are in thousands of dollars)
Income Total Foreign U.S. Nonconventional General
Minor industry Deficit subject income tax possessions source business
to tax tax credit tax credit fuel credit credit
(8) (9) (10) (11) (12) (13) (14)
Transportation and public utilities
-Continued
Communication ............................. .................... 3.563,439 25,825.363 9,173,179 262,007 82,552 17,181 177,790
Telephone, telegraph, and other
communication services...................................... 1,434,681 22,670,800 8,011,247 241,998 82.552 17,132 146,363
Radio and television broadcasting .......................... 2,128,758 3,154,563 1,161,932 20,009 49 31,427
Electric, gas, and sanitary services................ .......... 2,167,146 23,093.568 8,633,773 20,708 162,349 277,423
Electric services ..................................................... 1,257,189 11,941,807 4.373,852 -2,917 49,291 134,732
Gas production and distribution ............................. 189,845 3,473,016 1,323,224 692 88,386 36,756
Combination utility services................* ................... -131,211 6,364,914 2,470,005 3,655 12,356 102.339
Water supply and other sanitary services ............... 588,902 1,313,831 466,692 13,444 12,317 3,595
Wholesale and retail trade...................................... 28,467,432 48,061,933 16,373,907 732,257 22,269 67,070 280,603
Wholesale trade...................................................... 12,510,727 19,697,361 6,713,280 416,049 2,186 67,022 62,626
Groceries and related products.............................. 774,436 1,975,607 666,739 2,565 538 6,253
Machinery, equipment, and supplies...................... 1,170,414 2.332,064 739,733 13,956 128 -1,761 3,279
Miscellaneous wholesale trade ...... r ........................ 10,565,878 15,389,690 5,306,808 398,627 2,058 -54,724 52,994
Motor vehicles and automotive
equipment............ .......................................... 1,143,726 1,419,186 670,373 -3,581 2,717
Furniture and home furnishings ........................... 223,399 265,470 84,605 *98 - *64
Lumber and construction materials...................... 354,269 524,677 169,323 *37 1,064 605
Sporting, recreational, photographic, and
hobby goods, toys and supplies ... .................. 485,534 471,438 156,709 *2,242 - 634
Metals and minerals, except petroleum
and scrap ........................................................ 471,680 474,245 161,368 7.277 141 (1) *1,570
Electrical goods................................................... 1,171.015 2,403,672 810,758 23,503 - 34 10,055
Hardware, plumbing, and heating
equipment and supplies.................................. 333,969 588,221 182,206 *60 - *110
Other durable goods......................... .................. 1,696,864 1,796,348 584,056 19,881 158 366 7,309
284,611 321,059 101,063 - - - *230
Paper and paper products ...................................
Drugs, drug proprietaries, and
druggists' sundries .................. 354,555 748,312 259,817 11,796 -1,798
...... * ........ ...
Apparel, piece goods, and notions....................... 859,864 1,367,248 461,904 115,953 *977
Farm-product raw materials.................................. 229,740 1,140,076 390,144 '45,009 627 11,874
281,601 368,425 118,373 *992 - *1,327
Chemicals and allied products......................... ...
Petroleum and petroleum products ...................... 1,653,561 1,422,041 481,265 -126.074 '54,059 7,222
Alcoholic beverages............................................. 132.599 493,797 163,599 5,392 - - *605
Miscellaneous nondurable goods,
wholesale trade not allocable ........................... 888,891 1,585,474 511,244 36,731 69 264 5,897
Retail trade ............................................................. 16,878,497 28,133,940 9,685,574 316,382 20,082 *48 218,077
Building materials, garden supplies,
and mobile home dealers .................................... 708,080 1,964,480 636,535 *94 - - 7,334
Building material dealers ...................................... 395,090 1,605,432 532,138 *2 6,929
Hardware stores................................................... 158,506 116,935 30,608 *91 *99
Garden supplies and mobile home
dealers.............................................................. 154,484
- 242,113 73,789 1 *307
General merchandise stores.................................. 2,382,492 7,691,877 2,914,199 -45,236 14,639 *46 51,978
Food stores ............................................................ 1,542,249 4,396,932 1,517,929 1,734 3,128 - 49,117
Grocery stores..................................................... 1,163,692 4,167,114 1,447,756 1,613 3,128 45,848
Other food stores ................................ ................ 378,557 229,818 70,174 122 - *3,269
Automotive dealers and service stations ................. 1,779,191 2,062,587 629,813 *38 642 6.874
Motor vehicle dealers ........................................... 982,236 1.176,358 375,751 12 - 4,409
Gasoline service stations.............. ....................... 266,133 289,067 83,505 *26 - 1,025
Other automotive dealers..................................... 530,823 597,161 170,556 - 642 1,440
Apparel and accessory stores................................ 11476,476 2,964,140 993,021 12,707 - 10,600
Furniture and home furnishings stores................... 816,964 887,431 266,987 *693 - 3,262
Eating and drinking places ..................................... 2,989,311 3,436,970 1,135,838 241,392 1,604 - 73,415
Miscellaneous retail stores..: .................................. 4,183,733 4,729,525 1,491,253 14,488 69 *2 15,497
Drug stores and proprietary stores....................... 389,166 873,964 295,281 *88 3,903
Liquor stores........................................................ 140,816 95,527 23,759 - *1 *112
Other retail stores ................................................ 3,653,750 3,760,034 1,172,213 14,400 69 1 11,482
Wholesale and retail trade not allocable ............. 78,208 230,631 76,064 826 - - -
Finance, insurance, and real estate....................... 41,321,855 124,488,693 44,409,373 4,160,328 36,668 26,227 421,367
Banking .................................... .............................. 6,020,360 47.354,900 16,728,553 2,297,745 15,776 9,009 260,569
Mutual savings banks ............................................ 340,633 1,376,852 478,732 25 - - 3,271
Bank holding companies ...... ................................. 1,481,942 41,012,623 14,495,666 2,295,156 - 9,009 251,235
Banks, except mutual savings banks and
bank holding companies..................................... 4,197,786 4,965,426 1,754,155 2,564 15,776 6,063
Credit agencies other than banks............................. 12,441,298 18,298,283 6,248,215 143,255 18,929 2,574- 78,712
Savings and loan associations............................... 10,766,086 8,243,415 2.730,820 245 15,633 - 16,894
Personal credit institutions..................................... 130,626 1,506,747 517,799 '14,090 1,288 3,473
Business credit institutions..................................... 397,740 584,520 213,518 411 488 *1,789
Other credit agencies; finance not allocable........... 1,146,846 7,963,601 2,786,078 128,508 1,539 2,574 56,556
Security, commodity brokers and services ................ 1.114.169 9.534,371 3,330.922 298,049 *3,454 6,272
Security brokers, dealers, and
flotation companies .......................... ; .................. 1 651,075 7,958,560 2,783,962 293,066 1,623 4,884
1 1 1 1
as at end of table. Sea test for 'Explanation of Terma* and 'Description of the SamPle and L"ations of the Data.

23
 Corooration Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table 1 -Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
Income Total Foreign U. S. Nonconventional General
subject income tax possessions source business
Minor Industry Deficit
to tax tax credit tax credit fuel credit credit
(10) (12) (13) (14)
(8) (9)
Finance, Insurance, and real estate
-continued
Commodity contracts brokers and dealers;
security and commodity exchanges;
463 , 094 1 . 575 ,811 546,960 4,983 -1,831 -1,388
and allied services...............................................
4,698,941 39,376,756 14,882,846 885,983 7,433 62,040
Insurance...................................... . . .........................
2,190,357 23,508,406 8,289,967 478,085 6,601 48,291
Life insurance ........................................................
Mutual property and casualty 61 5 5,900
870, 006 5 , 128 . 160 2,390,544 34,387
insurance companies ........ : ........... **'*** .......... * ..... .
Stock property and casualty insurance
companies and other insurance
11 , 638 ,5~9 10,740,190 4,202,335 373,510 217 7,849
companies.......................................................
564,148 1,707,603 546,983 119,294 -1,123 2,577
Insurance agents,'brokers, and service ................... 8, 568
12,251,799 3,809,313 1,126,999 2,995 863 -1 , 246
Real estate ................................................................
Real estate operators and lessors of
3 ,301 , 409 2 , 123, 396 643,997 2,002 -71 *4 5,503
buildings ............................................................. *20
-13,102 175,744 60.372 *19 *651
Lessors of mining, oil, and similar property .............
Lessors of railroad property, . and of real -
20 . 056 44 ,875 12 , 143 (1) 233
property, not elsewhere classified ........................
Condominium management and -
694, 030 117 .256 21.033
cooperative housing associations ...... : .................
4 , 217 , 432 568 ,223 179,564 *32 75 714
Subdividers and developers ...................................
4,005,770 779,8ig 209,890 *942 792 *283 2,331
Other real estate....................................... ............
Holding and other investment-companies,
4,231,139 4,407,465 1,544,854 403,007 (1) *387 2,618
except bank holding companies.......................... - - - -
264,009 18,429 7,716
Regulated investment companies *................. 1 633 - -
392,970 *760
Real estate investment trusts .................................
231 ,384 27 , 457 8, 517 *156 10 7
Small business investment companies................... .
Other holding and investment companies, 2,512
3. 342 ,775 4 , 360 , 819 1,527,987 402,851 (1) *387
except bank holding companies..........................
22,483,930 22,328,833 7,401,280 - 706,223 11,699 *483 233,613
Services..... ............................................................ -
2,156,985 1,385,884 479,436 -35,906 5,848 22,585
Hotels and other lodging places ...................... ........ - -
755,653 1,160,327 356,032, 12, 88 1 3, 572
Personal services........................................ ............ 147.251
7 ,228 , 182 8 , S96,073 2,813,482- 424,573 2,235 8
Business services................ : ................................... -
556,146 556,094 175,817 71,502 *800
Advertising...................................................... ......
6,672,036 7,839,979 2,637.665 353,070 2,235 8 146,451
Business services, except advertising..: ................. - 15 , 146
1,070,410 1.292,080 378,937 *389
Auto repair; miscellaneous repair services................ 14,970
740 , 116 964 ,631 296,652 *234
Auto repair and services........................................
330 , 293 327 ,449 82,285 155 *175
Miscellaneous repair services ................................. 10,404
3,372,177 2,417,658 835,692 198.057 452- 33
Amusement and recreation services ........................
Motion picture production, distribution,
1 , 006, 030 20~,958 101,218 *301
and services...................................... ................. -2,563
74.459 146,228 53,907 46 .
Motion picture theaters ...........................................
Amusement and recreation services,
2 , 291 , 688 1 ,716 , 145 578,827 -96,793 452 33 7,540
except motion pictures............................... ........ 34,654
7,900,523 7,676,812 2,537,700 34,416 3,163 *442
Other services...... ; ......................... ..........................
Offices of physicians, including - - -
540 ,289 115 , 581 33,755 *30
osteopathic physicians ........................................
Offices of dentists................................ ................ 91 ,395 33 , 471 8,206
138,401 70,272 15.105 *222
Offices of other health practitioners................... ....
493,874 712,535 239,576 2.37- 14.981
Nursing and personal care facilities........................
341 ,828. 1 , 608 , 942 570,884 53 1,987 2,273
Hospitals ................................................................
417,580 251,638 86,223 *71 - *998
Medical laboratories ............ ...................................
1,131,855 2,439,774 837,109 1,507 207. .4,416
Other medical services ........................................... - - -
220,701 26.936 7,966 :
Legal services............................................. .......... *2,373
471 , 659 216, 724 70,535 *11,505 603
Educational services......................... ......... .. ....... -
67,977 60,260 17,011 118 *314
Social services ... :..... .. .... . ..................... ....... ......... - *400
126,322 172,502 50,779 *112
Membership organizations .....................................
750. 344 760 ,206 245 ,762 22,568 7 *442 4,459
Architectural and engineering services ...................
Accounting, auditing, and bookkeeping
48 , 063 44 .622 11 ,877
services ............................... ....... .......................
Miscellaneous services (including
3,060,234 1,163,348 342.914 8,246 360 4,187
veterinarians), not elsewhere classified..... . ....
.... 1 146,801 1 27,264 1 4,470 *7 1 100 1 *32
Nature of business not allocable...................
Footn*Wat end of table See text for OlExplaution of Terms' and *Description of the Sample and Limitations of the Data.'

24
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table 1 -Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
[All figures are estimates based on samples-money amo nts are In thousands of dollars)

Prior year Total income

Minor industry minimum tax tax after Total assets Net worth Depreciable Depreciation
credit credits ~ assets deduction
(15) (16) (17) (18) (19) (20)
Total returns of active corporations ................. 3,102,667 119,937,278 21,815,869,373 6,463,939,611 4,968,959,443 363,646,335
Agriculture, forestry, and fishing...................... 8,299 668,605 74,646,834 27,698,859 67,576,528 4,156,470
Agricultural production ...................................... 6,270 414,663 57,647,655 22,507,263 43,591,480 2,917,176
Agricultural services, (except veterinarians),
forestry, fishing, hunting, and trapping ........... 2.029 153,943 16,999,180 5,191,597 13,984,049 1,239.293
Mining ................................................................. 66,392 737,936 224,011 8,669 111,449,998 108,633,916 6,146,399
Metal mining ....................................................... 14,279 167,279 34,702,930 18,027,693 15,066,312 978,514
Copper, lead and zinc, gold and silver ores 11,513 146,192 31,500,169 16,548,233 12,443,866 884,873
Other metal mining I......................................... 2,766 -21,087 3,202,761 1,479.460 2,622,446 93.641
Coal mining........................................................ *4,092 94,401 28,636,607 11,771,228 15,237,369 914,480
Oil and gas extraction ......................................... 34,121 345,222 143,404,091 73,095,877 66,246.845 3,437,537
Crude petroleum, natural gas, and
natural gas liquids ........................... ............. 30.110 256.249 121,927,830 62,671,429 48,602,132 2,185,763
Oil and gas field services .................................. 4,011 88,973 21,476.260 10,424,448 17,644,713 1,251,774
Nonmetallic minerals, except fuels...................... 3,899 131,033 17,275,031 8,555,199 12,083.389 814.868
Dimension, crushed, and broken stone;
sand and gravel ............................................. -2,159 89.751 13,216,826 6,813,393 8,840,860 582,945
Other nonmetallic minerals, except fuels........... -1,740 41,282 4,058,205 1,741,807 3,242,529 231,923
Construction ....................................................... 65,911 1,492,497 240,436,575 76,814,680 104,791,346 8,577,186
General building contractors and
operative builders ............................................ 27,907 588,600 112,584,061 23,698,919 26,416~467 1,934,212
General building contractors ............................. 12,662 495~117 96,122,583 20,069,842 25,240,698 1,862,064
Operative builders............................................ 15,245 93.484 16,461,478 3,629,077 1,175,769 72,149
Heavy construction contractors ........................... 15,019 409,641 56,334,976 27,048,497 36,385.976 2,768,490
Special trade contractors .................................... 22,985 494.256 71,516,537 25,067,164 41,988,902 3,874,484
Plumbing, heating, and air conditioning............ -5,056 95,102 14,336,162 4,831,679 6,695,687 606,242
Electrical work ............................................. - ... 3,136 103,526 12,210,514 4,229,264 5,447,491 525,912
Other special trade contractors and
contractors not allocable... ............................. 14,793 295,627 44,969,861 16,006,221 29,845,724 2,742,330
Manufacturing.................................................... 966,332 38,070,925 4,225,134,396 1,440,728,404 1,880,260,607 132,903,919
Food and kindred products .......................... ...... 40,830 4,144,901 376,854,134 118,333,692 142,869,283 9,977,297
Meat products.................................................. -7,081 312,851 21,901,644 8,584,284 13,332,164 742,786
Dairy products .................................................. -4,862 141,163 24,432,515 7,342,844 9,577,785 707,689
Preserved fruits and vegetables........................ *2,467 445,472 31,006,115 11,953,306 10,470,786 763,820
Grain mill products ........................................... *2,967 1,141,815 50,875,965 16,637,255 26,394,640 1,772,173
Bakery products ............................................... *3,922 170,089 11,011,301 4,987,441 7,847.762 582,369
Sugar and confectionery products.................... -1,599 260,254 15,380,769 7,649,732 8,630,498 560,676
Malt liquors and malt ...........i ............................ 452.365 23,310,381 9,013,139 14,028,876 *775.672
Alcoholic beverages, except malt
liquors and malt........................................... 245 110,432 29,046,722 12,117.864 3,482,295 232,908
Bottled soft drinks and flavorings...................... 3,647 594.759 109,792,383 17,867,229 23,562,816 1,925,980
Other food and kindred products...................... 14,040 515,700 60,096,339 22,180,599 25,541,661 1,913,223
Tobacco manufactures ................................... ... 25,909 1,398,768 204,378,063 72,732,974 20,632,961 2,500,817
Textile mill products ...................................... ..... 21.375 653,653 48,371,056 19,246,299 31.985,288 2,344,190
Weaving mills and textile finishings.................. 6,764 281,334 16,365.044 7,369,435 11,657,697 802,850
Knitting mills..................................................... *890 74.889 5,586,997 2,562,743 3,795,128 259,427
Other textile mill products ................................. 13,722 297,430 26,419,015 9,314,121 16,532,463 1,281,913
Apparel and other textile products ...................... 1,303 713,087 44,963,762 17,350,755 13,195,268 1,093,272
Men's and boys' clothing .................................. *687 440,490 19,976,714 8,770,116 5,603,347 484,266
Women's and children's clothing ...................... *317 147,299 11,553,303 4.042,429 2,661,200 205,270
Other apparel and accessories......................... *295 51,833 6,976,559 2,023,374 2,010,851 173,578
Miscellaneous fabricated textile products;
textile products, not elsewhere classified........ *6 73.465 6,457,187 2,514,836 2,919,870 230,158
Lumber and wood products............. .................. 5,215 882,125 62,539,310 24,813,227 42,267,175 2,499,519
Logging, sawmills, and planing mills................. 1,908 499.217 28,994,157 13,119,522 20,484,497 1,166,381
Millwork, plywood, and related products ............ -1,426 197,791 22,095,837 8,470,285 15,851,985 904,973
Other wood products, including wood
buildings and mobile homes .......................... -1,881 185,117 11,449,316 3,223,420 5,930,693 428,165
Furniture and fbctures .......................................... 2,716 436,726 22,775,407 9,386,381 12,265,904 854,114
Paper and allied products................................... 8,948 1,306,102 159,002,800 53,377,534 114,951,279 7,921,326
Pulp, paper, and board mills ............................. -3,577 530,187 102,900,268 37,919,098 77,758,162 5.147,701
Other paper products ....................................... 5,371 775,915 56,102,533 15,458,436 37,193,117 2,773,626
Printing and publishing .................................... _ 36,804 2,578,789 177,200,555 68,893,463 75,516,241 6,076,244
Newspapers. .................................................... 14,726 1,227,332 50,875,267 22,882,440 28,284.765 1,960,810
Periodicals ............................ ........................... 2,348 219,019 45,541,152 20,360,100 5,009,083 456,737
Books, greeting cards, and
miscellaneous publishing .............................. 5,554 517,090 39,690,239 11,465,141 10,334,677 1,084,051
Commercial and other printing, and
printing trade services ................................... 14,176 615,348 41,093,898 14,185,781 31,887,716 2,574,646
Chemical and allied products.............................. 187,333 5,779,110 567,677.098 221,180,479 241,243,519 15,512.045
Industrial chemicals, plastics materials
and synthetics............................................... 110,506 1,423,262 254,772,977 95,720,535 133,866,391 7,816,940
Drugs......................................... ..................... 62,742 2,765,577 189,238,331 85,598,839 58,158.239 4,187,799
Soaps, cleaners, and toilet goods..................... -10,059 892,277 68,459,885 21,925,003 25,636,806 1,842,095
Paints and allied products ............................. _ (1) 261,215 7,064,972 3,654,955 3,399,880 221,939
Agriculture and other chemical products........... . 4,026 1 436,779 1 48,140,934 14,281,147 20,182,203
1 1 1,443,273
_- .. - -- . S as tax ~nation of To and Description of the Sample and Limitations of the Data,

25
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table 1 -Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
(All figures are estimates based on samples--money amounts are in thousands of dollars)
Prior year Total income
Minor industry minimum tax tax after Total assets Net worth Depreciable Depreciation
credit credits assets deduction
(15) (16) (17) (18) (19) (20)
Manufacturing-Continued
Petroleum (including integrated) and
coal products.................................................. 114,170 2,696,036 565,889,459 255,464,195 315,597.467 12,001,097
Petroleum refining (including integrated) .......... -113,174 2,667,601 562,887,952 255,009,198 313,439,626 11,850,338
Petroleum and coal products, not
elsewhere classified ....................................... *996 28,435 3,001,507 394,997 2,157,841 150,759
Rubber and miscellaneous plastics products ...... 16,067 739,490 67,090,080 22,758,875 44,799,684 3,188,065
Rubber products; plastics footwear,
hose and belting............................................ 4,710 328,483 31.833,782 10,265,894 20,445,721 1.299,320
Miscellaneous plastics products ......... : ....... :..... 11,357 411,007 35.256,298 12,492,982 24,353,963 1,888.745
Leather and leather products ........... .................. 1,229 123,674 19,164,ogi 1,580,197 5,695.464 389,305
Footwear, except rubber ................................... 663 87,599 16,625,332 766,328 4.918.439 327.771
Leather and leather products, not
elsewhere classified ....................................... 566 36,075 2,538.758 813,869 777,025 61,534
Stone, clay, and glass products.......................... 7,707 523,471 71,209,869 25,228,675 43,999,345 2,527,944
Glass products.. ............ .................................. -3,547 239,749 34,639,614 10,777,714 18,618,986 945,947
Cement, hydraulic............................................ 1,048 48,600 8,822,002 2,931,749 7,229,913 318,703
Concrete, gypsum, and plaster products.......... 3.082 141,876 15,221,435 5,963,469 10,888,101 775,305
Other nonmetallic mineral products.................. 31 93.246 12,526,818 5,555,744 7,262,345 487,989
Primary metal industries ...................................... 29,331 673,875 135,142,047 41,168,801 92.977,975 5,224,594
Ferrous metal industries, miscellaneous
primary mineral products............................... 6,663 422,936 64,329,774 15,762,498 46,857,122 2,687,493
Nonferrous metal industries............. ................ 22,667 250,939 70,812,272 25,406,303 46.120,853 2,537,101
Fabricated metal products.................................. 24,643 1,678.243 134,668,225 55,536,479 73,623,426 5,105,070
Metal Gans and shipping,containers .................. *1 54 24,566 6,330,001 2,155,327 3,750,121 270,610
Cutlery, hand tools, and hardware; screw
machine products, bolts, and similar
products........................................................ -2,105 295,395 21,11 2,886 11,130,396 8,542,684 600,318
Plumbing and heating, except electric
and warm air ........................................... *245 180,061 11,010,064 5,401,014 4.222,017 268,525
Fabricated structural metal products................. 4,295 255,765 28,046,793 10,113,700 14,668,986 945,735
Metal forgings and Stampings........................... 2,464 129.089 13,279,168 5,421,072 9,619,229 645,469
Coating, engraving, and allied services .............. -1,326 58,147 2,820,626 1,220,632 2,701,714 197,179
Ordnance and accessories, except vehicles
and guided missiles....................................... *257 39,439 1,941,895 158,773 787,226 47,892
Miscellaneous fabricated metal products .......... 13,798 695,782 50,126,792 19,935,564 29,331,450 2, l 29,342
Machinery, except electrical ................................ 30,426 1,982,842 257,218,959 84,671,186 122,886,280 9,512,586
Farm machinery ............................................... *680 145,272 14,536,950 3,401,962 5,601,051 397,530
Construction and related machinery ................. *4,126 231,421 36,358,692 10,439,821 13,899,022 1,146,919
Metalworking machinery................................... 1,726 136,789 18,197,600 5,312,136 10,242,120 677,637
Special industry machinery............................... *525 173,392 20,706.749 6,817,666 8,012,149 650,301
General industrial machinery ............................ -6,373 488.693 30,705,751 12,187,514 15,356,487 1,019,004
Office, computing, and accounting
machines...................................................... -12,228 503,848 106,925,902 38,852,207 57,166,729 4,813,241
Other machinery, except electrical .................... 4,769 303,426 29,787,316 7,659,880 12,608,722 807,954
Electrical and electronic equipment.................... 253,133 5,110,836 513,723,819 147,096,165 176,618,987 .18,758,717
Household appliances .................. .............. 4.001 236,896 14,243,079 5,350.473 6.386,565 563,459
Radio, television, and communication
equipment ..................................................... 20,327 346,502 41,279,535 17,247,163 18,134,117 2,339,074
Electronic components and accessories ........... 38,131 2,608,917 131,795,466 61,229,617 56,664,036 5,314,702
Other electrical equipment ................................ 190,673 1,918.522 326.405.738 63,268,912 95,434.270 10,541,483
Motor vehicles and equipment ............................ 84,267 1.943,548 4127.929.510 72 160,226 159,781.069 -17,778,244
Transportation equipment, except
motor vehicles .................................................. -12,787 2,086,796 142,315.531 42,833,505 71,209,652 3,760,559
Aircraft, guided missiles and parts... ................. 7,357 1,879,206 127,458,003 37,949,630 64,043,577
Ship and boat building and repairing ................ 16,237 5,153,222 1,733,759 2,710,946 171,710
Other transportation equipment, except
motor vehicles ............................................... *5,430 191,352 9,704,306 3,150,116 4,455,129 405,724
Instruments and related products ........ .............. 53,913 1,467,018 146,392,402 54,691,033 52,156,976 3,677,623
.
Scientific instrumints and measunng
devices; watches and clocks .......................... 9,022 429,516 43,718,955 20,162,225 16,229,685 1,525.806
Optical, medical, and ophthalmic goods....... -1,843 696,083 44,423,691 21,693,811 13,802,724 1,333,443
Photographic equipment and supplies .............. *- 43,048 341,419 58,249.756 12,834,996 22,124,567 818,374
Miscellaneous manufacturing and
manufacturing not allocable .... :...................... 8,226 1,151,833 80,628.218 32,284,260 25,987,265 2,201,292
Transportation and public utilities .................... 657,82S 18,902,929 11,770,691,6611 579,823,600 1,476,266,844 88,631,032
Transportation .................................................... 78,025 2,675,830 311,758.605 83,313,125 287,431,453 21',337,284
Railroad transportation ......................... ! ........... *8,924 556,469 94,290.925 33,866,521 91,099,520 3,480,342
Local and interurban passenger transit............. -2,583 55,414 5,748,184 1,743,628 5,495,590 601,264
Trucking and warehousing ................................ 17.305 11,114,289 63,602,136 22,315,596 64.263,140 6,540,900
Water transportation......................................... -2,694 185,559 22,519,804 7,3V,560 19,301.839 1,088.473
Transportation by air.................................... : .... 37.476 347,549 93,849,960 10,415,556 81.444,462 7,515,034
Pipe lines, except natural gas........................... 218,109 2,652,033 562,155 3,953,777
Transportation services, not
elsewhere classified ....................................... I 9,042 198,441 29,095,564 7,042,110 21,873,125 2.033,719
I I
Footnotes at end of table. See test for -Explanation of Temns' and 'Description of the Sarrvie and Urostations of the Data.'

26
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table 1 -Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject
to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
JAJI figures are estimates based on samples-money amo nts are in thousands of dollars]

Prior year Total Income

Minor industry minimum tax tax after Total assets Not worth Depreciable Depreciation
credit credits 3 assets deduction
(15) (16) (17) (18)
- (20)
Transportation and public utilities
-Continued
Communication .................................................. 359,064 8,274,584 626,623,250 225,706,042 400,742,394 32,632,746
Telephone, telegraph, and other
communication services ................................ 336,292 7,186.909 524,322,481 207,008,392 3.63,824,703 29,725,503
Radio and television broadcasting .................... 22,772 1.087,675 102,300,769 18,697,650 36,917,691 2,907,243
Electric, gas, and sanitary services..................... 220,736 7,952,515 832,309,796 270,804,332 788,092,997 34,561,002
Electric services ........................................ _ ...... 105,880 4,080.998 411,549,083 130,757,342 404,039,712 16,991,453
Gas production and distribution ........................ 77,465 1,119,924 136.669,886 43,505,453 109,212,970 4,549,816
Combination utility services................ ............. 36,094 2,315,554 240,359,361 81,592,321 242.061.824 10,553,517
Water supply and other sanitary services .......... -1,298 436,039 43,731,466 14,949,216 32,778,491 2,466,216
Wholesale and retail trade ................................. 128,958 15,162,760 1,702,833,604 448,691,875 561,727,604 60,377,911
Wholesale trade ............................................... 62,423 6,124,073 839,879,611 205,329,458 204,165,662 22,374,771
Groceries and related products ......................... 4,502 652,880 50,906,853 15,705,151 21,155,839 1,718,409
Machinery, equipment, and supplies ................ 6,955 713,754 71.934,210 22,349,514 21,079,630 2,452,366
Miscellaneous wholesale trade .......................... 40,966 4,757,439 717,038,448 167,274,793 161,920,183 18,203,995
Motor vehicles and automotive
equipment.................................................. 5,903 658,172 95,072,612 24,162,874 37,158,866 8,288,024
Furniture and home furnishings ...................... *1 20 84.324 6,117,668 2,148,315 1,554,331 115,711
Lumber and construction materials................. 4,679 162,938 20,831,581 7,179,092 7,604,728 555,103
Sporting, recreational, photographic, and
hobby goods, toys and supplies.. .............. *30 153.803 16,707,036 4.074,342 3.574,249 437,349
Metals and minerals, except petroleum
and scrap ....... .............. ........................... 624 151,756 28,441,840 6,896,191 5.669,945 403,411
Electrical goods ......................................... I .... *636 776,529 76,249,144 19,462,884 16,990,708 1,534,620
Hardware, plumbing, and heating
equipment and supplies ............................ *359 181,677 20~724,385 7,999,075 5,339,525 398,229
Other durable goods............... ....................... 2,534 553,807 66,424,454 18,465,349 15,852.071 1,370,172
Paper and paper products .............................. *481 100,352 12,544,895 3,902,590 4,097,765 312,477
Drugs, drug proprietaries, and
druggists' sundries .................................... *11,957 244,267 21,716,250 6.262,269 3,633,867 344,275
Apparel, piece goods, and notions .................. *390 344,584 27,448,290 8,662,524 3,979,333 344,454
Farm-product raw materials ............................ 1,493 331,141 37,807,097 11,569,886 12.722,072 917,883
Chemicals and allied products ......... .............. 1,397 114,656 11,673,068 3,150,494 4,428,896 371,324
Petroleum and petroleum products................. 6,457 287,453 213,035,725 24,397.117 20,507,726 1,324,232
Alcoholic beverages ........................................ *8,844 148,758 18,694,109 7,080,458 6,425,337 449,606
Miscellaneous nondurable goods;
wholesale trade not allocable ..................... 5,061 463.222 43,550,292 11,861,334 12,380,764 1,037,126
Retail trade ....................................................... 76,636 8,9154,449 859,816,028 242,419,994 346,G90,671 27,893,881
Building materials, garden supplies,
and mobile home dealers .................... 3,587 625,520 42,456,906 17,011,343 17,066,775 1,220,650
Building material dealers................................ 3,533 521,675 29,446,574 12,922,910 12.109,976 875,993
Hardware stores............................................. *54 30.364 6,213,257 2,105.851 2,150,359 154,587
Garden supplies and mobile home
dealers........................................................ - 73,481 6,797,075 1,982,582 2,806,439 190,069
General merchandise stores............................. -7,068 2.795,232 295,915,371 84,863,561 76,247,088 6,153,379
Food stores...................................................... 42,374 1,421,575 106,012,944 21.541,449 70,638.745 5,255,278
Grocery stores ............................................ ... 41,974 1.355,193 98,810,259 19,650,945 65,184,691 4,848,669
Other food stores .......................... ....... ......... *400 66,382 7,202,685 1,890,504 5,454,054 406,609
Automotive dealers and service stations........... 11,777 610,482 124,646,313 25,443.010 37,777,402 3,501,752
Motor vehicle dealers ...................................... 7,008 364,322 92,039,075 15,011,844 20,432,938 2,023,205
Gasoline service stations ................................ 3,499 78,955 11,979,977 3,753,479 9,435,265 707,534
Other automotive dealers ................................ -1,270 167,204 20,627,261 6,677,687 7,909,198 771,013
Apparel and accessory stores........................... -1,593 968.121 53,414,381 22,409,461 21,797,827 1,958,994
Furniture and home furnishings stores ............. -1,149 261,883 29,846,786 11.817,749 10,364,000 911,079
Eating and drinking places ............................... 3,542 815,883 83,181,493 18,781,021 66,610,966 4,699,518
Miscellaneous retail stores ................................ 5,444 1.455,753 124,340,833 40,552,399 46,187,868 4,193,231
Drug stores and proprietary stores....... .......... *536 290,754 18,384,432 5,580.037 6,672,475 584,733
Liquor stores ..................................... ............ *28 23,619 3,505,007 1,229,775 1,524,546 87,250
Other retail stores........................................... 4,880 1,141,380 102,451,395 33,742,587 37,990,848 3,521,248
Wholesale and retail trade not allocable ........ 74,228 3,138,96S 842,423 881,281 109,260
Finance, Insurance, and real estate.................. 1,053,674 38,723,220 12,831,680,335 3,643,133,206 423,819,124 35,969, 795
Banking ..................... ........................................ 454,561 13,690,894 4,404,686,561 449,424,587 103,528,960 16,001,832
Mutual savings banks ....................................... 1,407 474,030 100,852,336 7,385,169 1,471,290 141,356
Bank holding companies.................................. 435.070 11,505.197 3,985,236,559 417,803,692 93.911,149 14,592,925
Banks, except mutual savings banks and
bank holding companies................................ 18,085 1,711.668 318,597,666 24,235,726 8,146,522 1,267,550
Credit agencies other than banks ....................... 92,523 5,912,223 1,809,995,576 111,075,213 28,871,409 3,261,110
Savings and loan associations.......................... 48,298 2,649,750 876,783,317 14,586,049 15,522,816 1,139,115
Personal credit institutions ................................ 33,060 465,888 131,279,934 33,644,112 3,181,696 258,257
Business credit institutions ............................... 9,288 201,560 112,773,084 7,417,107 2,407,493 839,955
Other credit agencies; finance not allocable ...... 1,877 2.595,024 689,159,241 55,427,945 7,759,405 1,023,782
Security, commodity brokers and services.......... 28,659 2,994,488 759,540,089 38,217.248 11,013,382 1.097,565
Security brokers, dealers, and
flotation companies........................................ 26,419 2.457,969 716.381,922 31,491,659
1 1 1 7,331,348 1 762,901
1 1
ationa of the Data.

27
 Corpidration R6turns/l 993
RETURNS OF ACTIVE CORPORATIONS
Table 1 -Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
[All ficures are estimates based on samples-money amounts are in thousands of dollars]
Prior year Total income
Minor industry minimum tax tax after Total assets Net worth Depreciable Depreciation
credit credits assets deduction
(15) (16) (17) (18) (19) (20)
Finance, Insurance, and real estate
-Continued
Commodity contracts brokers and dealers;
security and commodity exchanges;
-2,239 536,519 43,158,167 6,725,589 3,682,034 334,664
and allied services .........................................
Insurance 446,822 13,480,568 2,809,380,576 511,174,691 47,475,961 7,521,671
163,146 7,593,845 1,963,909,013 255,488,741 19,728,391 4,178,899
Life insurance...................................................
............. -
Mutual property and casualty
insurance companies .................................... 133,869 2,215,773 281.222,335 75,746,420 6,852,470 1,026,699
Stock property and casualty insurance
companies and other insurance
companies ........................................ t ......... 149,808 3.670,951 564,249,228 179,939,530 20,895,100 2,316,073
Insurance agents, brokers, and service .............. 1,766 422,223 41,405,602 13,331,104 7,813,151 669,638
Real estate ....................................... 7,804 1,105,524 355,350,515 89,890,949 185,580,134 5,188,736,
Real estate operators and lessors of.. - .............
buildings.................................... .................. 5,966 630,451 147,056,240 35,600,990 106,792,711 2,627,124
Lessors of mining, oil, and similar property....... *14 59,668 1,846,480 928,541 600,718 11,162
Lessors of railroad property, and of real
property, not elsewhere classified.................. *115 11,794 1.494,524 560.879 733,862 23,807
Condominium management and
*25 21,008 32,601,256 16,496,465 29,436,490 840,166
cooperative housing associations..................
*691 178,05i .88,682,122 19,036,013 20,474,872 629,172
Subdividers and developers ..............................
Other real estate...................... ........................ 992 204,550 83,669,893 17,268,060 27,541,479 1,057,305,
Holding and other investment companies,
21,539 1,117,301 2,651,321,416 2,330.019,414 39,536,127 2,229,243
except bank holding companies....................
Regulated investment companies.~ .................... 7,716 . 2,334,706,439 2,227,965,728 5,882 1,363
Real estate investment trusts .......... ...... * ....... 633 62.432,812 31,567,180 26,026,311 597,098
*222 8,033 5,243,523 2,559,627 638,598 20,429
Small business investment companies..........
Other holding and investment companies,
except bank holding companies.................... 21,318 1,100,919 248,938,643 67,926,880 12,865,336 1,610,353
Services ..............................................................
. 165,177 6,284,086 744,758,261 236,109,841 365,253,338 36,860,272
Hotels and other lodging places .......................... 31,092 384,005 69,318,649. 16,612,790 47.394,936 2,386,290
2,240 337,339 21,776,774 8,007,065 16,701,907 .1,319,577
Personal services : ............................................
Business services......................... : ..................... 68,391 2.171,024 237,109,640 69,975,403 96,190,271, 12,285,380
Advertising ....................................................... -2,337 101.178 27,747,837 6,780,840 6,309,448 495,450
66,053 2,069,847 209,361,803 63,194,563 89,880,823 .11,789,930
Business services, except advertising ...............
Auto repair; miscellaneous repair services .......... 18,707 344,695 54,133,902 12,276,305 45,541,922, 7,113,867
18,686 262,761 44,510,756 8,986,302 39,427,891 6,604,589
Auto repair and seMces.. : , ,
*21 81,934 .9,623,146 3,290,003 6,114,031 509,278
Miscellaneous repair servi c,es.
Amusement and recreation services................... 10,751 615,995 61,103,303 65.268,192 6;485,531
Motion picture production, distribution,.
*367 101,073 88,242,662 33,412,561 10,801,560 1,678,193
and services..................................................
Motion picture theaters .............. : .... - ... : ........... 2,150 49,148 6,703,934 2,0082034. 4,354,811 217.894
Amusement and recreation services,
except motion pictures ...................... ............ 8,234 465,774 75,232,475 25,682,708 50,111,820 4,589,444
Other services.................................................... 33,996 2,431,028 192,240,226 68,134,975 94,156,110 7,259,626
Offices of physicians, including
osteopathic physicians .... .................... . *153 33,571 6,179,242 1,572,934 5,354,348 390,749
- 8,206 2,030,065 780,343 2,632,390 170,802
Offices of dentists ..............................................
Offices of other health practitioners ................... *20 14,863 1,859.966 677,817 1,403,386 124,822
Nursing and personal care facilities.................. 7,447 216,911 25,227,520 5,745,338 17,142,813 864,404,
Hospitals.................. : ....................................... 9,904 556,668 40,838.668 18,287,421 19,404,296 1,272,071
Medical laboratories............................. :.. ~ ......... -106 85,048 4,907.152 2.215,068 2,158,157 229,266
Other medical services ..................................... 9,792 821,187 32,291.322 13,082,035 11,088,497 1,112,681
- 7,966 3,143.570 990,582 1,756,403 143,730
Legal services ..... : ..................................... ......
Educational services...................................... *786 65,267 7,735,275 2,414,967 4,399,216 340,097
Social services- ............................................... 16,579 1,962,754. 391,124 1,476,866 136,000
Membership organizations.................... ............. *453 49,813 4,804,700 2,061,130 2,380,869 143,640
Architectural and engineering services ............. -2,347 215,938 20,184,770 7,027,817 8,410,208 800,831
Accounting, auditing, and bookkeeping
services ........................................................... 11,877 1,769,849 585,424 1,285,005 101,686
Miscellaneous services (including
veterinarians), not elsewhere classified .......... 2,988 327,133 39,305,373 12,302,974 15,263,656 1,428,848
Nature of business not allocable, ...................... 1 4,331 1,670,168 689,349 G31,237 1 33,362
Footnotes at end of table. See text for OlExplanation of Terms' and 'Description of the Sample and Limitations of the Data.'

28
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 1 -Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
All figures are estimates based on samples-money amounts are in thousands of dollars)
Coefficient of variation (Percent)
Number of returns Total receipts cost of Income Total
Minor industry With net All Returns with Business sales and Net income Deficit subject Income
Total income returns net income receipts operations to tax tax
(21) (22) (23) (24) (25) (26) (27) (28) (29) (30)
Total returns of active corporations.............. 0.04 0.64 0.17 0.20 0.19 0.25 0.14 0.51 0.13 0.12
Agriculture, forestry, and fishing .................. 3.42 4.37 3.35 3.75 3.50 4.70 3.42 5.05 3.59 3.64
Agricultural production ................................. 3.97 4.99 4.01 4.31 4.23 5.93 3.92 6.25 3.92 3.91
Agricultural services, (except veterinarians),
forestry, fishing, hunting, and trapping 6.25 8.17 6.07 7.04 6.20 7.73 6.88 8.44 8.26 8.60
Mining.................................................... ....... 7.20 9.81 1.38 2 .31 1.46 1.50 2.29 3.14 1.47 1.28
Metal mining .......................................... 30.07 39.37 2.03 2 .06 2.24 1.79
2.69 7.23 0.83 0.72
Copper, lead and zinc, gold and silver ores 40.03 23.23 1.03 0 .53 1.15 1.67 1.65 7.36 0.94 0.78
Other metal mining I .............................. 45.46 55.22 8.60 9 .02 9.29 8.92 7.32 24.24 1.45 1.82
Coal mining .................................................... 19.38 29.13 4.31 8 .16 4.61 4.45 9.38 7.82 7.09 4.83
Oil and gas extraction .......... ....... ................. 8.27 11.02 1.73 3 .29 1.82 1.88 2.94 4.26 2.01 1.80
Crude petroleum, natural gas, and
natural gas liquids............ ........................ 10.21 13.75 1.42 2 .95 1.43 1.30 3.17 4.84 1.86 1.72
Oil and gas field services __ ................ 13.86 18.10 5.22 6.35 5.55 7.16 6.57 9.04 8.03 6.50
Nonmetallic minerals, except fuels 19.58 23.64 3.91 4.54 4.00 3.95 7.82 7.91 5.54 5.13
Dimension, crushed, and broken stone;
sand and gravel.............................. 20.41 24.30 5.17 6.37 5.30 5.15 9.99 12.78 7.80 7.29
Other nonmetallic minerals, except fuels... 69.21 38.09 4.05 4.57 4.15 4.49 10.60 8.27 6.06 5.54
Construction.................................................. 2.07 2.69 1.39 1 .65 1.41 1.48 2.03 2.97 2.38 2.42
General building contractors and
operative builders ........................................ 3.39 4.48 2.14 2.55 2.18 2.26 3.07 4.35 3.43 3.33
General building contractors ........................ 3.41 4.51 2.26 2.71 2.29 2.35 3.34 4.48 4.01 4.00
Operative builders .......... ............................. 27.96 39.68 3.30 3.45 3.53 4.81 3.95 18.32 1.32 0.96
Heavy construction contractors.............. 7.23 8.76 3.00 3.54 3.07 3.17 4.35 7.44 4.70 4.53
Special trade contractors................................ 2.91 3.66 2.34 2.75 2.35 2.52 3.43 4.90 4.44 5.04
Plumbing, heating, and air conditioning 6.89 8.26 5.08 5 .83 5.09 5.31 7.70 13.45 9.35 10.79
Electrical work .................... ......................... 8.05 9.98 5.72 6 .95 5.73 5.80 8.81 8.90 10.63 11.71
Other special trade contractors and
contractors not allocable........................... 3.58 4.53 3.02 3.53 3.03 3.32 4.26 6.42 5.76 6.54
Manufacturing ................................................ 2.11 2.62 0.24 0.27 0.25 0.29 0.24 0,86 0.20 0.19
Food and kindred products............................ 9.21 11.90 1.04 1.10 1.07 1.32 1.23 4.06 1.29 1.27
Meat products.............................................. 21.13 28.08 4.30 4.69 4.34 4.53 4.29 9.58 2.86 2.76
Dairy products .............................................. 36.66 45.69 4.91 6.58 4.99 5.55 6.54 5.92 6.56 6.37
Preserved fruits and vegetables................... 27.72 34.98 2.54 2.94 2.61 2.94 1.88 10.26 1.45 1.39
Grain mill products ........... ........................... 30.26 43.44 1.42 1. 33 1.47 1.89 0.85 29.68 0.54 0.52
Bakery products........................................... 24.28 28.32 5.30 6. 24 5.32 5.87 7.37 13.88 6.06 5.87
Sugar and confectionery products ................ 25.51 35.75 4.07 4. 28 4.15 5.06 2.93 20.72 1.60 1.55
Malt liquors and malt.................................... 69.03 79.90 0.86 0. 95 0.88 1.19 1.06 64.22 (5) (5)
Alcoholic beverages, except malt
liquors and malt ........................... .......... 22.72 29.09 2.62 2. 51 2.80 3.01 3.18 33.71 5.03 4.78
Bottled soft drinks and flavorings .................. 16.98 18.25 1.89 2. 12 2.07 2.68 3.88 6.28 4.18 4.14
Other food and kindred products .................. 17.94 24.18 2.13 2. 26 2.18 2.36 3.01 10.01 2.58 2.43
Tobacco manufactures................................... 75.79 ... ... ... ...
0.12 0.14 0.20 0.06 0.05
Textile mill products ....................................... 15.27 14.57 2.54 2. 85 2.57 2.71 2.66 7.10 1.96 1.84
Weaving mills and textile finishings.............. 28.23 32.46 3.58 3. 86 3.63 3.85 3.85 12.23 2.54 2.42
Knitting mills ................................ 19.71 21.90 9.87 10. 72 9.88 10.60 7.98 26.92 4.63 4.38
Other textile mill products............................. 21.07 19.59 3.41 3.98 3.45 3.57 3.92 7.29 3.40 3.19
Apparel and other textile products.................. 9.44 12.68 2.83 3. 12 2.88 3.05 2.20 6.64 1.48 1.42
Men's and boys'clothing.............................. 36.09 41.29 2.64 2.69 2.75 3.07 1.60 8.80 0.96 0.93
Women's and children's clothing.................. 16.96 24.13 5.89 6.72 5.94 6.16 4.89 11.61 5.29 5.17
Other apparel and accessories ..................... 18.43 24.27 6.93 8. 19 7.02 7.45 10.23 13.81 7.11 6.34
Miscellaneous fabricated textile products;
textile products, not elsewhere classified 15.46 20-67 7.72 8.81 7.77 7.94 8.39 16.53 9.56 9.34
Lumber and wood products............................ 8.67 10.54 2.63 2.77 2.68 2.82 3.02 11.69 2.72 2.47
Logging, sawmills, and planing mills............ 12.99 15.33 3.95 4.10 4.11 4.35 3.71 20.09 3.49 3.17
Millwork, plywood, and related products 17.11 21.50 3.86 4.20 3.88 4.07 6.67 18.60 5.43 4.68
Other wood products, including wood
buildings and mobile homes ...................... 15.72 18.72 6.43 6. 71 6.55 6.85 6.90 22.30 6.51 6.30
Furniture and fixtures ..................................... 12.27 15.20 4.48 4. 96 4.54 5.27 4.16 14.16 2.94 2.75
Paper and allied products .............................. 13.71 12.90 1.05 1. 65 1.09 1.14 1.51 2.42 1.02 0.90
Pulp, paper, and board mills ........................ 39.87 47.97 0.67 1. 04 0.69 0.77 2.13 0.94 1.33 1.01
Other paper products................................... 14.60 12.31 1.99 3. 01 2.04 2.10 1.96 5.71 1.34 1.28
Printing and publishing.................................. 5.85 7.37 1.47 1. 51 1.53 1.95 1.27 5.23 0.86 0.80
Newspapers ................................................. 18.72 23.26 1.48 1. " 1.52 2.37 1.27 12.79 0.79 0.75
Periodicals............................................. 15.80 20.86 3.19 3.37 3.46 3.77 3.76 11.95 2.35 2.20
Books, greeting cards, and
miscellaneous publishing ......................... 14.39 19.15 3.01 3. 11 3.18 4.19 2.81 9.05 1.86 1.73
Commercial and other printing, and
printing trade services ............................... 7.50 9.19 3.07 3.36 3.10 3.29 3.17 8.81 2.68 2.55
Chemical and allied products .................... 10.94 13.15 0.43 0.43 0.46 0.53 0.35 2.37 0.24 0.23
Industrial chemicals, plastics materials
and synthetics ...................... .................... 14.14 14.79 0.68 0.71 0.72 0.76 0.93 3.20 0.69 0.65
Drugs........................................................... 23.20 28.28 0.44 0. 43 0.48 0.74 0.24 5.98 0.17 0.16
Soaps, cleaners, and toilet goods ................. 25.25 29.37 0.95 0. 92 0.99 1.01 1.00 5.19 0.62 0.58
Paints and allied products..... ...................... 37.83 53.53 5.84 5. 86 5.86 6.68 5.08 36.67 4.19 4.10
Agriculture and other chemical products 1 25.47 1 31.66 2.16 1 2. 37 2.28 2.56
1 2.66 4.54 1.78 1.70
Footnotes at end of table. See text for 'Explanation of Terross and Vescription of the Sample and Lirnitations, of the Data.'

29
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table 1-Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
' Net Worth, Depreciable Assets, Depreciation Deduction, and
Tax, Total Income Tax, Selected Credits, Total Assets,
Coefficients of Variation, by Minor Industry-Continued
JAJI figures are estimates based on samples-money amounts are In thousands of dollarsl
Coefficient of variation (Percent)
Number of returns Total receipts CosI Of Income Total
With not AJI Returns with Business sales' and Net income Deficit subject Income
Minor Industry
Total income returns , net Income receipts operations to tax -tax
(21) (22) (23) (24) (25) (26) (27) (28) (29)

Manufacturing-Continued
Petroleu m (including Integrated) and
' ............................................ 23.74 31.22 0.18 0.18 0.19 0.20 0.14 5.73 0.08 0.08
coal products
0.11 0.12 0.13 0.07 2.91 0.05 0.04
Petroleum refining (including integrated) 32.03 37.37 0.11
Petroleum and coal products, not
44.91 12.98 16.02 13.05 113.441 14.91 24.90 15.83 15.77
elsewhere classified .................................. 30."
10.42 2.08 2.45 2.13 2.22 2.66 5.00 2.46 2.35
Rubber and miscellaneous plastics products.. 9.55
Rubber products; plastics footwear,
21.82 24.41 2.35 2.S8 2.43 2.51 2.81 4.77 2.05 1.92
hose and belting ........................................
10.50 11.49 3. 11 3.50 3.15 3.27 4.02 9.67 4.73 4.62
Miscellaneous plastics products ...................
26.49 32.27 3.29
' 5.84 3.38 3.51 5.60 9.20 3.91 3.50
Leather and leather products .........................
58.95 2.06 4.65 2.13 2.24 3.57 9.55 2.88 2.80
Footwear, except rubber............................... 38.74
Leather and leather products, not
elsewhere classified.................................. 30.27 33.93 12.14 12.77 12.29 12.06 13.13 28.07 10.14 9.22
11.59 13.68 2.39 2.64 2.40 2.66 3.30 6.06 3.08 2.88
Stone, clay, and glass products .....................
27.57 34.27 2.19 3.27 2.39 3.04 2.96 4.25 1.91 1.84
Glass products.............................................
57.29 2.42 3.27 2.47 2.52 7.41 19.69 9.52 8.40
Cement hydraulic ........................................ 43.99
Concrete, gypsum, and plaster products 16.19 20.36 6.20 5.66 5.89 6.02 8.32 14.25 10.74 10.21
20.51 22.65 5.53 6.19 5.58 5.95 10.25 16.01 11.11 9.77
Other nonmetallic mineral products ..............
13.70 16.48 2.51 5.07 2Z8 3.15 2.30 1.32 1.68 1.54
Primary metal Industries.................................
Ferrous metal industries, miscellaneous
22.24 1.61 3.28 1.64 1.80 3.25 2.10 2.50 2.28
primary mineral products ........................... 17.70
4.88 9.20 5.05 6.03 3.27 1.58 2.22 2.03
Nonferrous metal industries .......................... 21.66 24.42
1.88 1.65 1.71 1.83 4.45 1.73 1.67
Fabricated metal products ..................:~ .......... 5.20 6.04 1.63
3.46 3.83 12.19 26.19 11.39 8.47
Metal cans and shipping containers ............. 38.08 47.05 3.37 4.65
Cutlery, hand tools, and hardware; screw
machine products, bolts, and similar _
4.00 4.00 4.33 2.75 21.26 2.31 2.~7
products.................................................... 16.16 18.27 - 3.84
Plumbing and heating, except electric
29.39 37.40 4.59 4.90 4.70 5.01 3.57 23.72 3.33 3.19
and warm air............ :................................
Fabricated structural metal products ............ 10.60 13.37 4.08 5.11 4.11 4.09 5.00 7.84 5.33 5.33
forgings and stampings...................... 18.03 21.75 5.10 5.T7 5.14 5.31 7.09 10.37 9.18 9.10
Metal
12.05 11.40 11.88 11.80 36.55 13.58 13.63
Coating, engraving, and allied services 22.37 19.35 11.25
Ordnance and accessories, except vehicles
62.50 14.66 23.20 14.74 .15.46 11.79 4.68 11.50 10.71
and guided missiles .................................. 53.24
Miscellaneous fabricated metal products 7.39 8.41 2.57 2.89 2.60 2.68 3.20 7.44 3.04 2.92
except electrical ............................ 6.60 8.35 0.81 1.11 0.90 0.94 1.30 2.08 1.12 1.06
Machinery,
3.91 4.09 7.70 14.85 6.57 6.40
Farm machinery ........................................... 22.76 27.69 3.68 3.83
28.15 1.98 2.09 2.08 2.16 2.24 5.99 1.55 1.45
Construction and related machinery : 22.28
15.70 4.32 5.13 4.38 4.67 .7.13 13.15 9.56 9.43
Metalworking machinery ............................... 13.40
Special Industry machinery .......................... 16.19 21 56 3.90 5.12 3.98 4.04 6.12 8.37 6.64 6.45
industrial machinery ........................ 15.67 19.83
* 2.64 2.73 2.70 2.89 2.46 9.71 1.98 1.88
General
Office, computing, and accounting
30.72 44.28 0.77 1.72 0.96 1.15 1.47 1.60 1.21 1.13,
machines..................................................
14.52 17.51 2.80 2.65 2.87 2.71 3.54 15.28 3.37 3.08
Other machinery, except electrical ................
Electrical and electronic equipment:.............. 8.02 9.68 0.66 0.73 0.71 0.82 0.62 2.03 6." 0.42
Household appliances.................................. 57.64 40.36 2.37 1.45 2.42 2.84 2.90 10.92 2.15 2.08
Radio, television, and communication
1.50 1.55 2.67 6.89 1.77 1.70
equipment................................................. 21.18 24.66 1.45 2.01
1.20 1.00 4.43 0.74 0.71
Electronic components and accessories 10.87 13.04 1.09 1.11 1.13
Other electrical equipment........................... 14.32 17.11 1.07 1.26 1.23 1.60 0.80 2.03 0.57 0.54
Motor vehicles and equipment........................ 22.78 24.76 0.35 0.34 0.39 0.41 0.39 2.86 0.27 0.24
Transportation equipment, except
0.62 0.63 0.65 4.62 0.37 0.33
motor vehicles .............................................. 17.83 28.27 0.59 0.59
Aircraft, guided missiles and parts ................ 28.31 37.18 0.35 0.36 0.36 0.35 0.52 3." 0.32 0.30
Ship and boat building and repairing ............ 26.34 ".13 7.82 11.81 7.85 7.79 17.18 14.61 21.63 17.49
Other transportation equipment, except
4.i8 4.35 3.12 25.84 1.72 1.56
motor vehicles ....................................... 29.67 46.14 4.09 3.83
Instruments and related products ! ........... 12.08 15.82 1.13 1.08 1.k 1.26 1.31 6.05 1.02 0.99
Scientific instruments and measuring
devices; watches and clocks ................. 21.71 29.82 2.14 1.88 2.21 2.23 2.65 13.92 2.09 2.02
2.29 2.40 2.10 6.83 1.70 1.64
Optical, medical, and ophthalmic goods 15.34 19.36 2.23 2.63
1.15 1.23 34.39 0.76 0.77
Photographic equipment and suppfies 44:86 61.60 0.83 0.60 0.95
Miscellaneous manufacturing and
... ... ... ... 1.49 1.40
manufacturing not allocable ...................... 8.29 2.11 2.21 2.41
Transportation and public utilities................ 3.28 4.35 0.58 0.59 0.61 1.12 0.35 1.61 0.22 0.19
4.90 1.48 1.85 1.52 2.86 1.61 2.15 1.27 1.10
Transportation ................................................ 3.72
Railroad transportation ................................. ".82 54.26 0.43 0.46 0.45 0.79 1.09 1.89 1.01 0.85
Local and Interurban passenger transit 11.86 15.72 10.11 12.65 10.19 18.13 13.91 15.09 17.63. 18.38
5.37 6.66 2.42 2.57 2.46 4.63 2.60 S.S9 1.97 1.79
Trucking and warehousing ...........................
13.66 18.35 4.68 4.25 4.98 5.01 5.70 15.38 4.73 4.54
Water transportation .....................................
Transportation by air.................................... 15.51 28.14 1.05 4.01 1.08 2.18 3.81 2.20 1.93 1.38
Pipe lines, except natural gas....................... 27.35 23.11 17.55 1~.96 18.87 39.28 5.55 89.16 5.T7 5.73
Transportation services, not
elsewhere classffied.................................. 7.19 9.84 6.76 7.71 6.97 9.16 6.T7 10.42 6.47 5.57
Footnotes at end of table. See text for 'Eviartation of Temiso and aDescription of the Sarmle and Urnitations of the Data.~

30
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table I-Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
[All fqures are estimates based on samples-money amounts are In thousands of dollars)
Coefficient of variation (Percent)
Number of returns Total receipts Cost Of Income Total
Minor Industry With net AJI Returns with Business sales and Net Income Deficit subject income
Total Income returns net income receipts operations to tax tax
(21) (22) (23) (24) (25) (26) (27) (28) (29) (30)
Transportation and public utilities
-Continued
Communication.............................................. 9.62 13.33 0.39 0.36 0.42 0.90 0.39 3.45 0.25 0.23
Telephone, telegraph, and other
communication services........................ 13.14 16.18 0.41 0.36 0.44 1.01 0.37 5.70 0.25 0.24
Radio and television broadcasting ................ 13.79 23.27 1.18 1.31 1.25 1.83 1.32 4.32 0.89 0.82
Electric, gas, and sanitary services................. 10.31 13.27 0.51 0.51 0.53 0.65 0.33 2.99 0.16 0.14
Electric services ....................................... 41.97 62.23 0.16 0.11 0.13 0.21 0.10 2.45 0.10 0.09
Gas production and distribution .................... 23.35 22.11 0.93 0.93 0.98 1.24 0.65 15.03 0.47 0.39
Combination utility services .......................... 43.59 46.37 0.26 0.27 0.27 0.30 0.14 6.49 0.14 0.12
Water supply and other sanitary services 11.85 15.48 4.79 5.75 4.98 6.72 4.29 8.25 2.20 2.05
Wholesale and retail trade............................. 1.12 1.53 0.50 0.57 0.50 0.56 0.61 1.33 0.51 0.47
Wholesale trade............................................ 2.10 2.58 0.79 0.90 0.80 0.85 1.05 2.05 0.98 0.92
Groceries and related products .................... 8.01 9." 2.52 2.87 2.55 2.67 3.42 8.26 2.44 2.31
Machinery, equipment, and supplies............ 5.26 6.15 2.43 2.68 2.45 2.55 3.32 7.66 3.22 3.17
Miscellaneous wholesale trade ..................... 2.43 3.01 0.89 1.01 0.91 0.96 1.17 2.20 1.12 1.04
Motor vehicles and automotive
equipment.............................................. 8.19 10.39 1.49 2.14 1.53 1.52 3.43 6.22 3.43 2.29
Furniture and home furnishings................. 14.21 17.83 8.20 9.20 8.23 8.52 9.64 21.30 9.30 9.11
Lumber and construction materials............. 10.17 11.38 5.03 5.82 5.05 5.30 6.50 12.79 8.21 8.09
Sporting, recreational, photographic, and
hobby goods, toys and supplies ............ 13.84 18.68 4.89 5.50 4.92 5.21 7.30 10.84 6.87 6.68
Metals and minerals, except petroleum
and scrap.............................................. 14.50 18.05 2.98 4.11 3.00 2.99 6.43 9.33 6.46 6.09
Electrical goods ......................................... 7.55 8.94 2.30 2.76 2.34 2.47 2.95 5.90 2.72 2.63
Hardware, plumbing, and heating
equipment and supplies ........................ 9.35 10.17 4.18 4.75 4.19 4.19 6.66 13.07 7.39 7.67
Other durable goods.................................. 5.76 7.40 2.46 2.80 2.48 2.55 3.83 6.53 4.03 4.06
Paper and paper products.......................... 14.21 17.41 6.05 7.48 6.07 6.26 8.97 13.18 10.43 10.53
Drugs, drug proprietaries, and
druggists' sundries ................................ 15.36 18.25 2.27 2.67 2.29 2.16 4.55 13.92 2.90 2.30
Apparel, piece goods, and notions............. 8.85 11.01 3.92 4.45 3.97 4.18 3.68 8.55 3.37 3.27
Farm-product raw materials........................ 13.53 13.49 5.40 4.54 5.50 5.74 3.33 13.51 2.59 2.36
Chemicals and allied products................... 14.92 16.96 6.50 7.33 6.52 7.04 8.83 17.12 9.84 9.62
Petroleum and petroleum products ............ 9.93 11.68 3.09 3.46 3.26 3.25 3.54 2.80 3.16 3.06
Alcoholic beverages ................................... 13.53 11.89 5.21 5.47 5.24 5.38 6.23 18.88 7.45 7.37
Miscellaneous nondurable goods',
wholesale trade not allocable ................ 6.71 8.70 3.28 3.65 3.30 3.54 3.73 8.75 3.52 3.35
Retail trade ................................................... 1.46 1.99 0.70 0.78 0.71 0.81 0.77 1.79 0.58 0.50
Building materials, garden supplies,
and mobile home dealers.......................... 5.77 6.83 2.68 3.07 2.71 2.79 3.09 7.49 2.70 2.60
Building material dealers............................ 8.32 9.34 3.08 3.46 3.12 3.17 3.48 10.61 2.93 2.80
Hardware stores ......................................... 10.73 12.50 6.89 8.39 6.92 6.90 10.41 16.73 13.41 14.43
Garden supplies and mobile home
dealers.................................................... 12.19 15.97 8.39 10.18 8.53 9.29 8.89 12.26 8.00 7.68
General merchandise stores ......................... 14.29 15.67 0.48 0.46 0.50 0.54 0.59 1.66 0.38 0.31
Food stores.................................................. 5.11 6.73 1.43 1.55 1.44 1.52 1.68 5.23 1.03 0.90
Grocery stores........................................... 6.49 8.09 1.40 1.50 1.42 1.49 1.54 5.62 0.89 0.76
Other food stores....................................... 8.04 11.59 8.20 10.47 8.25 9.59 9.78 12.49 11.36 11.51
Automotive dealers and service stations 3.72 4.50 2.08 2.36 2.08 2.15 2.74 6.14 3.55 3.59
Motor vehMe dealers................................. 4.96 5.59 2.39 2.70 2.40 2.43 3.53 7.49 4.91 4.94
Gasoline service stations ........................ 8.63 10.47 6.68 7.50 6.70 6.90 7.04 18.90 11.17 11.46
Other automotive dealers........................... 6.86 8.62 4.40 4.97 4.42 4.80 5.25 11.93 5.34 5.11
Apparel and accessory stores ....................... 6.55 8.83 1.77 2.05 1.80 1.92 2.22 5.86 1.86 1.53
Furniture and home furnishings stores 6.53 8.14 3.58 3.98 3.62 3.86 4.64 8.70 5.17 5.28
Eating and drinking Places ........................... 3.33 4.81 2.17 2.59 2.24 2.32 2.55 4.94 1.51 1.18
Miscellaneous retail stores ............ .............. 2.87 3.75 1.62 1.88 1.63 1.80 2.16 3.81 1.93 1.82
Drug stores and proprietary stores ............. 8.19 9.62 3.16 3.27 3.18 3.25 5.06 10.78 4.48 3.86
Liquor stores....................... 10.64 13.67 10.16 12.57 10.23 10.39 14.37 26.12 17.92 19.50
Other retail stores ...................... 3.20 4.26 1.91 2.26 1.93 2.16 2.42 4.10 2.15 2.07
Wholesale and retail trade not allocable 0.76 1.28 0.38 0.39 0.55 0.74 0.24 0.90 0.25 0.24
Finance, Insurance, and real estate............... 1.50 2.21 0.27 0.26 0.42 0.52 0.20 1.03 0.25 0.24
Banking ................................... ..................... 3.66 1.20 0.69 0.76 0.16 0.18 0.50 0.99 0.54 0.55
Mutual savings banks 1.60 1.78 0.21 0.23 0.14 M 0.18 M 0.18 0.18
....... .. .......... ...... ....
Bank holding companies .............................. 5.80 1.27 0.04 0.04 0.08 0.09 0.06 1.23 0.05 0.0s
Banks, except mutual savings banks and
bank holding companies........................... 3.84 2.49 4.18 6.47 1.16 2.69 4.62 1.36 5.09 5.23
Credit agencies other than banks ................... 7.77 9.18 0.32 0.34 0.95 0.74 0.39 0.63 0.26 0.25
Savings and loan associations...................... 2.88 3.43 0.13 0.15 0.23 0.07 0.30 0.50 0.20 0.20
Personal credit Institutions ........................... 18.09 16.91 1.39 1.34 2.54 3.68 0.92 9.13 0.99 0.86
Business credit Institutions ........................... 30.22 40.38 0.83 0.85 3.31 10.18 2.54 8.39 1.37 1.25
Other credit agencies; finance not allocable. 10.20 12.80 0.61 0.59 1.23 0.86 0.81 3.84 0.53 0.49
Security, commodity brokers and services 10.11 12.67 1.81 1.87 2.93 18.86 1.00 8.95 0.59 0.56
Security brokers, dealers, and
flotation companies ................................... 14.37 17.32 1.35 1.28 2.37 11." 0.82 14.34 0.53 O.S1
Footnotes at and of table. Sea tind for wExplanation of Tomns* and *Description of the Sample and Limitations of the Dats.m

31
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table I-Number of Returns, Selected Receipts, Cost of'Sales and Operations, Net Income, Deficit, Income Subject to,
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continui
JARI figures are estimates based on samples--money amoun!! are in thousands of dollars]
Coefficient of variation (Percent)
Number of returns Total receipts Cost Of Income Total
With net All Returns with Business sales and Net income Deficit subject income
Minor industry
Total income returns net income receipts operations io tax tax
.(22) (23) (24) (25) (26) (27) (28) (29) (30)
(21)
Finance, Insurance, and real estate
-Continued
Commodity contracts brokers and dealers; -
security and commodity exchanges;
18.50 6.91 7.85 7.66 37.34 3.78 7.58 2.31 2.22
and allied services..................................... 14.26
0.15 0.15 0.16 0.17 0.16 1.93 0:16 0.15
Insurance............................ .......................... 9.73 11.59
.............................................. 2.03 2.88 0.18 0.18 0.11 0.11 0.14 2.23 0.10 0.12
Lifeinsurance
Mutual prop" and casualty
2.53 3.47 0.33 0.34 0.35 0.27 0.49 4.64 0.71 0.52
Insurance companies ................................
Stock property and casualty insurance
companies and other insurance
0.41 0.34 0.47 0.53 0.42 4.02 0.46 0.40
companies...................................... 16.12 19.87
5.53 4." 4.54 4.58 14.79 4.18 10.77 2.85 2.56
Insurance agents, brokers, and service .......... 6.68
1.84 2.27 3.03 2.64 3.84 2.68 2.97 3.32 3.49
Real estate..................................................... 2.89
Real estate operators and lessors of
2.85 4.73 3.37 4.52 4.23 11.17 3.97 9.13 4.36 4.56
buildings...................................................
40.51 15.94 17.10 39.83 61.58 19.70 59.52 20-60 , 20.37
Lessors of mining, oil, and similar property 35.30
Lessors of railroad property, and of real
24.37. 29.88 56.18 96.61 34.73 19.92 37.05 42.72
property,mot elsewhere classified 22.52 27.01
Condominium management and!
5.79 7.82 5.58, 8.81 5.94 30.91 11.45 6.15 10.72 10.96
cooperative housing associations..............
4.95 7.19 .3.85 5.11 4.30 4.69 5.20 3.32 .7.95 7.84
Subdividers and developers .........................
4.76 6.07 5.42 8.54 5.31 3.61 7.85 8.43
Other real estate........................................... 3.47 5.21
Holding and other investment companies,
0.39 18.27 42.61 0.17 3.15 1.40 1.33
except bank holding companies.............. 4.75 5.86 1.38
0.02 0.35 0.08 0.08 0.09 0.88 0.56 0.47
Regulated investment companies .................
2.62 0.52 0.60 0.67 8.02 17.99 7.72
Real estate investment trusts ..................... 0.57
26.24 18.80 36.58 85.69 13.59 18.76 26.92 27.53
Small business investment companies 14.19 23.68
Other holding and investment companies,
:.. 5.84 7.78 7.62 2.43 19.28 42.64 2.05 3.65 1.40 1.34
except bank holding companies
1.03 1.22 1.08 1.78 1.06 1.75 0.90 0.84
Services.......................................................... 1.13 1.70
7.15 2.37 2.78 2.45 1.63 3.47 3.73 2.61 2.45
Hotels and other lodging places.................... 9.56
5.28 7.00 4.45 477 4.57 6.89 4.55 10.35 3.65 3.26
Personal services...........................................
3.34 2.08 2.50 2.17 3.57 1.81 3.09 1.56 1.46
Business services .................................... 2.45
11.47 6.77 8.97 6.94 9.75 6.96 11.24 6.19 5.84
Advertising ................................... ............... 8.48
2.57 2.28 3.82 1.87 3.21 1.61 1.51
Business services, except advertising ........... 2.58 3.51 2.18
2.96 3.73 4.28 7.54 4.17 3.73
Auto repair; miscellaneous repair services 4.06 5.36 2.85. 3.29
4.95 6.63 3.15 3.61 3.31 4.37 4.78 8.73 4.20 3.53
Auto repair and services......................
9.17 6.33 7.41 6.37 7.11 8.89 14.66 10.89 11.56
Miscellaneous repair services ; .................. 7.20
2.51 3.14 2.73 4.55 2.55 4.35 2.28 2.01
Amusement and recreation services ............... 4.70 6.59
Motion picture, production; distribution, -
5.76 8.95 4.25 6.89 4:64 3.94
and services :................................... -10.96 17.19 5.15 7.59
27.62 39.10 6.38 7.06 6.78 10.11 .9.07 21.07 10.35 9.47
Motion picture theaters.......... .............
Amusement and recreation services,
7.25 2.95 3.29 3.15 4.69 3.24 5.60 2.71 2.39
except motion pictures........................ 5.30
1.76 1.96 1.81 2.89 2.00 3.30 1.61 1.51
Other services ................................................ 2.12 2.90
offices of physicians, including
: ............ ........... 7.31 9.36 9.05 9.47 9.14 34.11 10.83 12.64 17.60 16.43
osteopathic physicians
10.82 13.07 12.18 14.14 12.23 26.68 15.04 28.14 50.63 67.00
Offices of dentists........................................
12.71 15.13 12.78 23.51 14.76 24.57 29.15 35.17
Offices of other health practitioners.............. 10.62 13.35
5.06 4.69 9.27 6.70 12.31 6.15 .5.89
Nursing and personal care facilities : 9.54 12.04 4.60,
24.31 1.76- 1.19 1.92 7.49 1.54 7.95 0.59 om
Hospitals............... : ..................... ................ 22.96
...................................... 22.00 27.19 9.56 11.27 9.79 13.64 10.90 14.10 7.70 7.43
Medical laboratories
8.11 10.46 3.28 3.35 3.26 3.92 3.75 8.32 2.16 2.03
Other medical services .................................
10.45 . 10.35 12.21 10.71 36.88 .11.00 23.23 44.00. 50.53
Legal services :, -............... ... 8.76
10.20 12.31 10.37 17.90 11.67 i 2.76 13.38 13.45
Educational services .................................... 10.44 14.89
21.69 18.94 42.99 18.76 28.29 26.41 27.47'
Social services ......................................... 13.28 17.07 18.89
........... ................ 12.18 17.02 15.47 14.64 17.16 34.89 19.55 24.53 21.67 2.88
Membership organizations
7.31 .9.13 4.76. 5.71 4.80 5.19 6.45 9.60 5.98 5.77
Architectural and engineering services.,
Accounting, auditing, and bookkeeping
15.29 18.01 15.51 45.96 14.67 28.11 21:64 14.75
services ........................................... .......... 10.45 12.25
Miscellaneous services (including
classified 3.74 5.49 4.13 5.27 4.27 5.49 4.88 5.k 5.65 5.59*
veterinarians), not elsewhere
Nature of business not allocable................... 12.36 23.01' 21.40. 29.25 22.38 1 26.87 27.17 24.54 46.52 44.44
Footnotes at end of table. See text for 'Explanation of Tems' and Tescription of the Sample and Linthations of the Data."

.
32
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table I -Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
JAJI figures are estimates based on sameles-money amounts are in thousands of dollars
Coefficient of variation (Percent)
Foreign U.S. Nonconventional General Prior year Total Income]
Minor Industry tax possessions source business minimum tax tax after Total assets Net worth Depreciable Depreciation
credit tax credit fuel credit credit credit credits 3 assets deduction
(31) (32) (33) (34) (35) (36) (37) 1 (38) (39) (40)
Total returns of active corporations.............. 0.06 1.50 0.69 0.38 0.33 0.14 0.02 1 0.10 0.10 0.13
Agriculture, forestry, and fishing .................. 0.34 M P 14.38 20.05 3.82 1.95 3.59 2.50 2.88
Agricultural production ................................. 0.27 M R 15.74 24.96 4.14 2.23 4.01 2.90 3.37
Agricultural services, (except veterinarians),
forestry, fishing, hunting, and trapping 24.13 33.31 27.82 8.67 4.10 8.12 5.05 5.53
Mining ............................................................ 0.79 15.95 9.84 4.12 2.03 0.47 1.05 0.93 1.26
Metal mining .................................................. (5) 83.77 (5) (5) 1.24 0.76 1.11 1.25 1.89
Copper, lead and zinc, gold and silver ores M 83.77 (5) (5) 1.35 0.65 1.05 0.73 0.90
Other metal mining I.................................... M (5) 2.94 5.10 6.76 6.27 15.55
Coal mining _ .............................................. P (5) 33.23 8.04 5.61 1.28 2.11 2.84 4.22
Oil and gas extraction.................................... 1.04 15.99 11.14 6.52 3.46 0.60 1.48 1.13 1.60
Crude petroleum, natural gas, and
natural gas liquids ..................................... 1.10 16.77 11.28 6.91 3.37 1"
0:60 1.04 1.52
Oil and gas field services ...................... ....... 3.29 43.89 36.44 19.64 9.27 2 4.
1:' 3.16 3.53
Nonmetallic minerals, except fuels................. 0.14 15.18 14.84 5.44 2.41 3.54 3.95 4.29
Dimension, crushed, and broken stone;
sand and gravel ........................................ IN 32.30 26.57 7.38 2.96 4.13 5.08 5.84
Other nonmetallic minerals, except fuels 0.14 5.27 4.33 6.39 3.56 6.34 4.93 3.55
Construction.................................................. 0.50 46.64 10.06
(5) 8.17 2.58 1.01 1 1.66 1.69 1.88
General building contractors and
operative builders........................................ 0.18 M 83.T7 18.80 9.78 3.60 1.50 3.35 2.71 3.13
General building contractors ........................ 0.19 (5) 83.77 30.47 21.55 4.27 1.74 3.91 2.80 3.23
Operative builders ........................................ (5) 3.75 (5) 1.15 1.44 3.33 9.83 9.55
Heavy construction contractors....................... 0.52 (5) 48.07 13.49 14.75 4.96 1.87 2.12 3.26 3.79
Special trade contractors................................ 28.27 94.32 22.35 17.79 5.13 2.12 3.22 2.72 2.83
Plumbing, heating, and air conditioning - 47.21 39.73 11.09 4.77 7.98 5.58 5.97
Electrical work.............................................. 71.15 94.32 40.97 39.43 11.73 5.14 7." 6.56 6.82
Other special trade contractors and
contractors not allocable........................... 28.27 30.00 22.59 6.65 2.70 4.00 3.43 3.56
Manufacturing ................................................ 0.02 1.55 0.02 0.54 0.51 0.23 0.08 0.16 0.15 0.17
Food and kindred products ............. .............. 0.10 12.18 9.36 2.71 4.71 0.68 0.32 0.56 0.76 0.81
Meat produM ............................................. M 2.15 3.08 2.95 2.00 2.71 2.91 3.49
Dairy products ............................................. 61.99 83.77 16.03 22.61 6.47 1.83 3.47 4.81 4.99
Preserved fruits and vegetables................... (5) 71.15 1.80 17.89 1.69 1.13 1.33 1.95 2.07
Grain mill products......................... ............. M (5) 0.31 4.10 0.64 0.72 1.18 1.28 1.21
Bakery products........................................... 56.18 (5) 28.92 15.95 5.94 3.51 4.46 5.50 5.25
Sugar and confectionery products (5) (5) M 1.33 2.02 1.99 2.08 3.35 3.31
Mail liquors and malt.................................... (5) M (5) 0.19 0.45 0.46 0.35
Alcoholic beverages, except malt
liquors and malt ..................................... (5) (5) (5) (5) 5.90 1.01 1.55 4.12 5.18
Bottled soft drinks and flavorings.................. 0.19 (5) (5) 34.52 25.02 1.82 0.39 1.41 1.71 1.40
Other food and kindred products .................. 0.06 9.38 14.98 7.18 2.97 0.96 1.34 1.85 2.23
Tobacco manufactures................................... (5) (5) (5) (5) (5) 0.03 0.02 0.03 0.05 0.02
Textile mill products....................................... 0.60 (5) 5.75 4.21 2.05 1.53 2.10 1.95 2.16
Weaving mills and textile finishings.............. 1.84 3.70 12.79 2.49 2.05 2.21 2.16 2.84
Knitting mills................................................ (5) 34.36 19.08 6.35 6.52 8.86 7.04 9.31
Other textile mill products ............................. 0.15 (5) 9.70 1.30 3.49 2.09 3.14 3.05 2.99
Apparel and other textile products.................. 0.12 9.78 3.07 4.14 1.81 1.66 2.09 2.70 2.90
Men's and boys' clothing .............................. 0.02 11.63 0.34 1.98 1.33 1.33 1.74 1.91
2.69
Women's and children's clothing.................. 2.73 17.75 1.67 4.08 5.62 4.06 5.53 5.87 6.20
Other apparel and accessories..................... (5) 20.62 40.25 17.09 6.87 4.88 7.28 7.39 8.67
Miscellaneous fabricated textile products;
textile products, not elsewhere classified (5) (5) 54.97 98.71 9.83 6 7 8.29 10.02
Lumber and wood products ............................ 5.27 (5) 36.45 11.44 2.42 1:33
'7 2~'2; 1.69 2.62
Logging, sawmills, and planing mills ............ 8.23 M 52.10 26.89 2.97 1.82 2.12 2.69 4.64
Millwork, plywood, and related products (5) 26.49 12.64 4.74 2.01 4.99 2.01 2.81
Other wood products, Including wood
buildings and mobile homes ...................... (5) (5) 28.83 13.04 6.61 4.15 7.80 5.52 6.27
Furniture and fixtures..................................... 0.01 (5) 15.53 18.72 2.90 2.81 4.49 3.21 3.25
Paper and allied products.............................. 0.02 15.69 (5) 3.02 15.67 1.10 0.43 0.72 0.49 0.57
Pulp, paper, and board mills........................ (5) (5) (5) 3.80 18.38 1.07 0.27 0.40 0.35 0.42
Other paper products ................................... 0.02 (5) (5) 3.61 23.06 1.70 1.13 2.29 1.33 1.43
Printing and publishing .................................. 0.32 18.09 4.43 4.64 3.48 0.87 0.61 0.96 1.35 1.40
Newspapers................................................. 0.01 (5) 4.43 11.89 1.85 0.77 0.83 1.61 1.26 1.21
Periodicals ................................................... 0.11 (5) 1.42 30.96 3.98 0.84 1.28 4.49 4.69
Books, greeting cards, and
miscellaneous publishing .......................... 2.76 28.55 3.68 1.70 1.01 1 2.43 2.28 1.85
Commercial and other printing, and
printing trade services............................... 0.34 17.00 6.07 7.04 2.64 2.05 2.81 2.82 2.98
Chemical and allied products......................... 0.03 0.35 (5) 0.54 0.32 0.45 0 0.27 0.27* 0.33
Industrial chemicals, plastics materials
and synthetics ........................................... 0.07 2.98 0.65 0.41 1.19 0.24 0.38 0.35 0.48
Drugs ........................................................... (5) 0.31 0.77 0.41 0.32 0.20 0.31 0.36 0.38
Soaps, cleaners, and toilet goods................. 0.08 11.47 0.31 0.48 1.04 0.56 1.00 0.79 1.10
Paints and allied products ............................ 1.37 (5) 10.33 4.21 4.71 6.54 5.73
(5) 6.03
Agriculture and other chemical products 0.20 3.26 7.44 2.39 0.89 1.72 1.34 1.38
Footnote* at end of table. See taxt for 'Explaraflon at Termso and 00escription of the Sample nd Limitations of the Osta.9

33
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 1 -Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
JMflitures are estimates based on samples-money amounts are in thousands of dollars)
Coefficient of variation (Percent)
Foreign -_ U.S. -J Nonconventional General Prior year Total Income
Minor Industry tax possessions source business minimum tax tax after Total assets Net worth Depreciable Depreciation
credit tax credit fuel credit credit credit credits assets deduction
(31) (32) (33) (34) (35) (36) (37) (38) (39) (40)
Manufacturing-Continued
Petroleum (including integrated) and
coal products ............................................ 0.19 0.21 0.06 0.27 0.09 0.22
Petroleum refining (including Integrated) 0.08 0.12 0.03 0.05 0.04 0.12
-
Petroleum and coal products, not
elsewhere classified.................................. 45.89 37.73 19.68 16.27 10.17 171.30 12.66 14.6
Rubber and miscellaneous plastics products.. 0.10 10.32 (5) 11.21 12.36 3.32 1.38 2.09 1.77 2.05
Rubber products; plastics footwear,
hose and belting ....................................... 0.08 (5) (5) 21.46 30.42 3.19 1.22 2.25 1.50 1.60
Miscellaneous plastics products................... 0.40 11.14 12.85~ 12.11 5.41 2.40 3.34 3.02 3.29
Leather and leather products ......................... 5.07 13.44 7.09 (5) 3.57 1.41 8.74 1.52 2.07
Footwear, except rubber............................... M 13.16 5.03 (5) 2.84 0.86 10.17 0.92 1.04
Leather and leather pi&oducts, not
elsewhere classified.................................. 27.04 12.57 (5) 10.10 9.09 14.02 9.53 11.89
Stone, clay, and glass products ..................... 0.10 4.07 11.00 3.70 0.95 1.70 1.51 2.14
Glass products............................................. 0) 2.2~ 11.23 2.86 0.73 1.22 0.98 1.91
Cement, hydraulic........................................ M (5) 0) 8.78 1.30 2.15 1.39 2.65
Concrete, gypsum, and plaster products 76.96 21.92 24.25 10.40 3.20 5.73 4.81 5.49
Other nonmetallic mineral products.............. 7.27 M (5) 13.86 (5) 10.29 3.04 3.88 4.90 5.48
Primary metal Industries ................................. 0.05 (5) 5.01 2.50 1.86 0.51 0.92 0.73 0.86
Ferrous metal inclustries, miscellaneous
primary mineral products ........................... 0.67 (5) 11.58 5.59 2.32 0.80 1.70 1.14 1.37
Nonferrous metal industries .......................... - 5.21 2.79 3.11 0.66 1.05 0.93 1.00
(6) (5)
Fabricated metal products .............................. 0.81 10.62 83.77 8.96 9.46 1.94 1.00 1.50 1.55 1.75
Metal cans and shipping containers ............. (s) (5) 6.56 42.89 9.87 1.63 2.79 3.26 3.16
Cutlery, hand tools, and hardware; screw
machine products, bolts, and similar
products................................................... M 3.82 37.61 3.84 1.83 2.20 4.62 4.74
Plumbing and heating, except electric
and warm air ............................................. 3.06 35.38 95.33 3.42 2.65 6.63 4.52 4.62
Fabricated structural metal products ............ 0.25 83.77 31.23 29.31 5.60 2.26 3.41 3.13 4.18
Metal forgings and Stampings ...................... 34.48 19.39 29.00 9.28 3.67 5.08. 5.04 4.63
Coating, engraving, and allied services 83.77 (5) 50.63 51.64 13.57 9.64 13.59 11.61 11.87
Ordnance and accessories, except vehicles
and guided missiles.................................. M 26.80 10.80 6.31 ".83 8.36 13.87
Miscellaneous fabricated metal products 4.57 13.34 16.58 10.70 3.11 1.84 2.67 2.58 2.95
Machinery, except electrical............................ 0.31 3.76 (5) 2.38 3.16 1.46 0.46 0.81 0.69 0.68
Farm machinery........................................... 0.30 40.29 69.73 6.48 2.31 5.56 2.89 3.94
Construction and related machinery............. 0.20 M M 0.26 7.52 3.16 1.03 2.00 1.95 1.51
Metalworking machinery ........................ 2.03 M 24.39 30.11 10.13 2.94 6.37 5.07 5.33
Special industry machinery.......................... 3.09 (M 26.14, 12.33 7.45 2.73 4.51 4.02 4.32
General industrial machinery ........................ 0.22 (5) 4.78 4.65 2.35 1.51 1.85 1.98 2.18
Office, computing, and accounting
machines.................................................. 0.91 (5) 2.41 2.06 1.53 0.30 0.64 0.32 0.28
Other machinery, except electrical ................ 0.07 31.16 8.92 4.02 1.56 3.62 2.80 3.75
Electrical and electronic equipment ................ 0.08 0.74 1.55 0.63 0.58 0.22 6.52 0.41 0.32
Household appliances.......... .............. 0.75 - 2.27 (5) 2.37 1.17 1.43 1.17 0.06
Radio, television, and communication
equipment................................................. 0.59 M 5.78 2.15 2.60 0.95 1.41 1.16 0.78
Electronic components and accessories 0.04 10.22 1.77 3.76 0.83 0.63 0.99 0.99 0.88
Other electrical equipment........................... 0.14 0.28 3.90 0.29 0.90 0.21 0.62 0.43 0.30
Motor vehicles
i and equipment........................ 0.01 (5) M 0.08 0.65 0.62 0.12 0.40 0.20 0.19
Transportation equipment, except
motor vehicles................... ................... 0.05 6.80 2.16 0.34 0.39 0.75 0.50 0.87
Air~raft, guided missiles and parts ................ 0.04 M 7.50 (5) 0.30 0.25 0.57 0.31 0.51
Ship and boat building and repairing ............ (5) (5) 77.42 17.63 6.53 11.35 8.71 9.95
Other transportation equipment, except
motor vehicles........................................... 0.41 1.59 5.10 1.62 3.14 4.37 4.18 5.52
Instruments and related products 0.15 1.20 6.69 1.23 1.51 0.54 0.92 0.72 0.92
: --
Scientific instruments and measuring
devices; watches and clocks ..................... 0.30 0.92 7.79 6.02 3.57 1.27 1.56 1.60 1.38
Optical, medical, and ophthalmic goods 0.41 1.65 9.72 20.44 2.21 1.21 1.71 1.85 1.95
Photographic equipment and supplies (5) - 31.46 (5) 1.23 0.33 1.01 0.40 0.61
Miscellaneous manufacturing and
manufacturing not allocable...................... 0.44 11.81 4.43 2.89 4.96 1.67 1.01 1.48 1.98 2.03
Transportation and public utilities................ 2.07 M - 0.05 0.55 0.51 0.20 0.11 0.21 0.15 0.26
Transportation ................................................ 11.72 (5) (4) 3.77 3.72 1.13 0.49 1.02 0.65 0.97
Railroad transportation ................................. (5) - (5) 2.76 1.85 0.91 0.26 0.35 0.28 0.44
Local and interurban passenger transit (5) 65.78 51.30 19.08 7.14 13.00 10.05 10.96
Trucking and warehousing ........................... 1.74 (s) 4.57 7.77 12.97 1.82 1.69 2.56 2.21 2.62
Water transportation..................................... 1.08 9.82 8.85 5.11 2.18 4.01 3.04 3.48
Transportation by air .................................... 35.37 8.10 (5) 1.52 0.53 3.29 0.67 0.76
Pipe lines, except natural gas .... 80.56 4.88 5.30 14.56 6.56 4.49
Transportation services, not
elsewhere classified .................................. 2.95 4.48 13.78 5.94 2.45 4.93 2.94 3.43
Footnotes at end of table. See text for 'Explanation of Tenns' and cription of the Sa"ll and Lindation of the Data.'
.

34
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table I -Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
AJI figures are estimates based on samples-money amounts are in thousands of dollars)

Coefficient of variation (Percent)

Foreign U.S. Nonconventionall General Prior year Total income
Minor industry tax possessions source business minimum tax tax after Total assets Net worth Depreciable Depreciation
credit tax credit fuel credit credit credit credits 2 assets deduction
(31) (32) (33) (34) (35) (36) (37) (38) (39) (40)
Transportation and public utilities
-Continued
Communic tion .............................................. 0.58 0.47 0.25 0.15 0.36 0.20 0.23
Telephon:, telegraph, and other
communication services............................ (5) (5) 0.67 0.45 0.26 0.14 0.23 0.18 0.20
Radio and television broadcasting ................ (5) 1.01 3.25
M 0.85 0.56 3.52 1.21 1.68
Electric, gas, and sanitary services................. 2.07 0.06 0.41 0.15 0.14 0.09 0.13 0.10 0.19
Electric services........................................... 14.72 (5) 0.03 0.09 0.06 0.10
M 0.05 0.11
Gas production and distribution .................... (5) 0.03 0) 0.10 0.45 0.24 0.32 0.24 0.40
Combination utility services.......................... 0) (5) (5) 0.13 0.13 0.04 0.05 0.04 0.06
Water supply and other sanitary services ..... M (5) 31.43 23.68 2.07 1.38 1.88 2.08 2.39
Wholesale and retail trade............................. 0.51 2.10 2.95 1.30 3.32 0.50 0.24 0.71 0.44 0.46
Wholesale trade............................................ 0.89 15.46 2.95 4.41 6.56 0.98 0.38 1.34 0.77 0.66
Groceries and related products __ .......... 60.50 - 15.48 13.84
(5) 2.32 1.77 2.65 2.24 2."
Machinery, equipment, and supplies............ 0.98 (5) 95.67 16.23 27.74 3.25 1.84 3.61 3.00 2.89
Miscellaneous wholesale trade .............. 0.84 16.36 0.03 4.77 6.78 1.14 0.40 1.56 0.86 0.68
Motor vehicles and automotive
equipment.............................................. 6.60 35.20 4.77 2.31 0.81 1.55 0.76 0.35
Furniture and home furnishings,................ 83.77 97.07 84.78 9.10 7.39 9.45 9.42 10.31
Lumber and construction materials............. 99.20 (5) 21.50 37.42 8.09 3.94 5.67 5.09 6.17
Sporting, recreational, photographic, and -
hobby goods, toys and supplies............ 2.59 15.99 68.29 6.79 3.35 6.68 6.08 5.93
Metals and minerals, except petroleum
and scrap.............. ............................... 1.60 (5) 71.15 2.21 20.13 6.46 2.32 5.61 5.43 4.69
Electrical goods ................................. 0.36 17.75 4.68
(5) 2.67 1.27 2.47 1.63 1.82
Hardware, plumbing, and heating
equipment and supplies ........................ 2.72 63.84 60.46 7.68 3.89 5.20 4.66 5.76
Other durable goods.................................. 14.50 (5) (5) 12.73 10.69 4.16 1.84 3.27 3.26 3.45
Paper and paper products.......................... - 74.98 73.11 10.55 4.59 6.12 7.71 12.27
Drugs, drug proprietaries, and
druggists' sundries... ............................. (5) 4.76 4.05 2.42 2.04 3.10 3.37 3.86
Apparel, piece goods, and notions............. 0.30 6.65 48.65 4.37 3.01 4.61 6.23 8.95
Farm-product raw materials........................ 0.79 3.93 24.82 2.75 1.52 2.52 2.90 2.64
Chemicals and allied products................... 10.07 44.59 32.82 9.79 4.70 16.65 7.38 7.95
Petroleum and petroleum products ............ (4) 0.03 7.26 16.29 5.02 0.38 5.09 3.24 3.82
Alcoholic beverages ............ ...................... (5) 50.78 2.96 8.07 3.70 5.28 5.89 5.80
Miscellaneous nondurable goods;
wholesale trade not allocable................ 4.39 M 10.87 32.71 3.52 2.35 15.31 3.64 3.99
Retail trade................................................... 0.18 92.22 1.10 3.34 0.53 0.36 0.69 0.57 0.66
Building materials, garden supplies,
and mobile home dealers .......................... 94.23 5.68 27.54 2.62 2.05 2.79 2.53 2.60
Building material dealers ............................ 63.60 5.00 27.96 2.83 2.39 3.08 2.76 2.94
Hardware stores......................................... 97.19 46.11 6.55 14.49 6.11 9.77 6.88 7.22
Garden supplies and mobile home
dealers.................................................... (5) 73.95 7.65 5.26 8.14 8.20 7.87
General merchandise stores ......................... 0.02 96.27 0.94 9.03 0.32 0.17 0.36 0.30 0.27
Food stores.................................................. (5) 1.15 2.61 0.93 0.80 2.11 1.06 1.22
Grocery stores........................................... (5) 1.10 2.61 0.77 0.77 2.06 0.99 1.19
Other food stores....................................... (5) 7.75 30.34 12.13 5.48 11.06 6.99 6.94
Automotive dealers and service stations 23.19 (5) 9.35 12.89 3.63 1.69 3.07 2.23 2.71
Motor vehicle dealers ................................. (5) 10.52 17.40 5.03 2.09 4.20 2.70 3.53
Gasoline service stations ............................ 33.37 25.17 18.31 11.76 4.85 8.75 5.50 5.53
Other automotive dealers .................... - M 25.18 50.40 5.08 3.33 4.93 4.81 6.36
Apparel and accessory stores ....................... 0.10 0.70 7.87 1.57 1.25 1.74 1.33 1.11
Furniture and home furnishings stores 52.70 7.19 52.21 5.29 2.59 3.66 3.48 6.76
Eating and drinking places .................... 0.12 - 2.36 10.31 1.57 1.31 4.01 1.93 2.05
Miscellaneous retail stores........................... 2.05 20.30 8.15 19.49 1.85 1.23 2.22 1.92 2.06
Drug stores and proprietary stores ............. 7.67 9.50 42.49 3.87 2.57 5.08 2.93 2.55
Liquor stores.............................................. - 71.15 69.08 97.07 19.56 9.09 14.30 12.46 12.92
Other retail stores ...................................... 2.06 (s) 10.50 21.23 2.10 1.39 2.48 2.23 2.40
Wholesale and retail trade not allocable 0.23 3.05 2.51 0.84 0.32 0.27 0.04 0.14 0.46 0.42
Finance, Insurance, and real estate .............. 0.17 1.24 2.55 0.43 0.21 0.28 0.03 0.13 0.56 0.27
Banking......................................................... (5) (5) (5) 0.09 0.09 0.67 0.04 0.29 0.07 0.10
Mutual savings banks ......................... (6) (5) 1.66 0.18 0.15 0.21 0.20 0.16
Bank holding companies .............................. (5) 0.09
(5) 0.07 0.06 0.04 0.19 0.06 0.03
Banks, except mutual savings banks and
bank holding companies ........................... (5) (5) 1.22 1.58 5.36 0.42 4.24 0.57 1.23
Credit agencies other than banks ................... 0.04 2.01 (5) 0.16 0.07 0.26 0.07 2.48 0.54 1.G4
Savings and loan associations...................... (5) (5) 0.37 0.11 0.20 0.09 18.70 0.14 0.13
Personal credit Institutions........................... (4) (5) (5) (5) 0.96 0.29 0.64 1.23 1.82
Business credit Institutions ........................... (5) 5.41
(5) (5) 1.32 0.29 1.42 4.17 3.37
Other credit agencies; finance not allocable. M (5) 0.09 2.25 0.52 0.11 0.53 1.41 1.76
Security, commodity brokers and services 0.10 - 7.28 1.01 0.62 0.09 1.05 1.70 1.79
Security brokers, dealers, and
flotation companies................................... 0.08 (5) 1.08 0.49 0.57 0.07 0.86 1.33 1.43
Footnotes at end of table. See text for OExplaration ;7'remns" and *Description of the Sample and Limitations of the Date.*

35
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table i-Number of Returns, Selected Receipts, Cost of Sales and Operations, Net Income, Deficit, Income Subject to
Tax, Total Income Tax, Selected Credits, Total Assets, Net Worth, Depreciable Assets, Depreciation Deduction, and
Coefficients of Variation, by Minor Industry-Continued
JAJI figures are estimates based on samples-money amounts are In thousands of dollars]
Coefficient of variation (Percent)
Foreign U. S. Nonconventional General Prior year Total Income
Minor Indus" tax possessions source business minimum tax tax after Total assets Net worth Depreciable Depreciation
credit tax credit fuel credit credit credit credits assets deduction
(31) (32) (33) (34) (35) (36) (37) (38) (39) (40)
Finance, Insurance, and real estate
-Continued
Commodity contracts brokers and dealers;
security and commodity exchanges;
and allied services ..................................... 3.38 0.01 32.69 11.54 2.23 0.97 4.40 4.32 4.89
Insurance ....................................................... (4) (5) 0.04 0.28 0.16 0.07 0.15 0.23 0.16
Life Insurance .............................................. (4) (6) 0.01 0.27 0.12 0.09 0.08 0.07 0.18
Mutual property and casualty
Insurance companies ................................ 0.01 (5) 0.09 0.57 0.56 0.23 0.36 0.73 0.59
Stock property and casualty Insurance
companies and other insurance
companies.............. .............................. Y) (5) 0.27 0.61 0.45 0.11 0.38 0.46 0.33
Insurance agents, brokers, and service .......... 0.73 33.20 14.28 28.37 3.26 2.03 3.06 4.07 4.28
Real estate............................... : ..................... 60.26 (5) 41.65 17.30 17.17 3.53 0.84 2.20 1.25 1.53
Real estate operaton; and lessors of
. buildings................................................... 88.78 (5) 97.19 14.18 21.78 4.61 1.39 3.16 1.72 2.18
Lessors of mining, oil, and similar property 56.28 56.86 97.07 83.77 20.48 10.48 17.80 9.40 32.57
Lessors of railroad property, and of real
property, not elsewhere classified .............. 97.07 98.71. 98.71 43.40 13.14 32.60 25.74 29.46
Condominium management and
cooperative housing associations.............. - 94.32 10.97 3.39 4.21 3.6 .4.23
Subdividers and developers......................... 70.76 (5) 50.84 27.81 7.89 1.62 5.03 2.89 3.14
Other real estate.......................................... 33.39 99.62 51.76 23.91 8.55 1.71 6.45 2.78 3.66
Holding and other investment companies,
. except bank holding companies................ 1.69 (5) 18.76 29.87 5.13 1.68 046 0.13 0.84 1.00
Regulated Investment companies................. - 0.47 0.03 0.03 11.78 3.46
Real estate investment trusts....................... 7.72 0.32 0.57 0152 0.98
Small business investment companies 91.96 M 80.41 28.37 7.50 11.04 21.46 27.50
Other holding and investment companies,
except bank holding companies................ 1.69 18.76 31.13 5.11 1.69 0.48 4.15 2.09 1.30
Services.......................................................... 1.18 13.01 2.23 1.97 0.94 0.39 0.84 0.81 0.80
Hotels and other lodging places..................... 8.94 1.73 0.99 2.91 1.35 2.77 2.25 2.51
Personal services........................................... 0.51 14.39 16.78 3.38 2.89 4.91 4.08. 4.89
Business services ............................................. 1.39 (5) 2.70 4.00 1.79 0.74 1.72 1.49 1.37
Advertising ................................................... 1.31 32.12 16.92 9.97 2.03 4.09 4.50 5.33
Business services, except advertising 1.65 iq 2.71 4.10 1.81 0.80 1.86 1.57 1.41
Auto repair, miscellaneous repair services 27.72 6.31 3.48 4.06 1.61 3.98 1.88 1.81
Auto repair and services ............................... 45.87 6.36 3.48 3.91 1.66 4.17 1.99 1.89
Miscellaneous repair services ....................... (5) 44.44 64.22 11.59 4.87 9.53 5.78 6.09
Amusement and recreation services ............... 1.25 15) .4.71 6.43 2.64 0.66 1.42 2.62 2.41
Motion picture production, distribution,
and services ....................... :................. 2.44 54.29 36.04 7.24 0.55 0.80 11.48 5.39
Motion picture theaters ............ :.................... (5) 13.60 (5) 10.27 2.91 6.14 5.20 5.95
Amusement and recreation services,
except motion pictures .............................. 0.23 (5) (5) 4.02 8.23 2.93 1.32 3.17 2.31 2.77
Other services................ : ............................... 12.38 14.09 14.19 9.06 4.14 1.51- 0.91 1.61 1.50 1.62
Offices of physicians, including
osteopathic physicians.............................. 98.71 83.77 16.40 6.57 15.94 9.92 9.79
Offices of dentists........................................ 67.00 12.06 20.02 12.61 14.13
Offices of other health practitioners .............. 99.76 94.32 35.60 11.72 19.61 13.28 13.61
Nursing and personal care facilities .............. (5) 3.04 5.15 6.43 2.94 .5.72 3.82 3.71
Hospitals...................................................... (5) 1.69 (5) 0.58 0.65 0.72 1.17 0.99
Medical laboratories ............................... 0.10 52.07 5.38 7.35 6.38 8.87 9.33 9.60
Other medical services................................. (5) 30.06, 6.36 2.01 2.04 3.05 4.53 4.52
Legal services .............................................. - 50.53 9.71 19.09 11.56 13.32
Educational services .................................... 14.28 76.03 28.23 12.74 6.21 12.06 7.44 7.42
Social services............................................. (5) 44.75 27.67 11.76 37.71 12.17 12.09
Membership organizations............................ 11.00 53.36 .55.85 24.26 8.15 11.24 11.63 12.59
Architectural and engineering services 16.67 (S) 14.19 V.04 35.60 5.85 2.84 4.66 4.91 5.23
Accounting, auditing, and bookkeeping
services.................................. .......... 14.75 12.48 25.04 15.30 15.51
Miscellaneo us services (including
veterinarians), not elsewhere classified 24.12 29.59, 26.20-1 5.58 2.29 5.47 4.05 4.41
Nature of business not allocable................... 97.07 97.19 - 45.85 14.36 23.99 20.71 24.85
Estimate should be used with caution because of the small number of sample returns on Witch it was based.
.~ Data deleted to avoid disclosure at information for specific corporations. Deleted data are included in the appropriate totals.
'Iron ores.* which was shown separately in previous years, is new, Included In'Other metal mining."
Less than $500 per return.
Credits Include foreign tax, U.S. possessions tax, orphan drug, nonconventional some fuel, qualified electric vehicle, general business, and prior year minkmam, tn.
Coaftient of variation is less than .005 but greater titan zero.
Estimate Is based on returns sampled at a 100 percent rate and coefficierd of variation is zero.
NOTE: Detail may not add to total because of rounding. See text for "Explanation of Temns~ and *Description of the Sample and Limitations of the Data.q

36
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 2.-Balance Sheet, Income Statement, and Selected Other Items, by Size of Total Assets
[All figures are estimates based on samples--money amounts are in thousands of dollars and size of total assets is in whole dollars)

Size of total assets

Item Total returns of $1 $100,000 $250,000 $500,000
active corporations Zero assets under under under under
$100.000 $250.000 $500,000 $1,000,000
(1) (2) (3) (4) (5) 76)
Number of returns. total.............................................................. 3,964,629 239,331 2,048,646 635,265 394,244 269,277
Total assets .................................................................................. 21,815,869,373 63,188,749 102,662,775 139,592,757 189,985,446
Cash.......................................................................................... 812,077,106 14,685,705 18,334,855 19,797,773 23,861,869
Notes and accounts receivable... .................................... 4,532,360,299 7,094,258 14,673,541 23,950,966 36,381,615
Less: Allowance for bad debts ............... ............................. 117,104,017 253,040 146,199 284,969 463,206
Inventories ................................................................................. 947,287,758 7,754,069 15,870,809 23,374,316 31,363,274
Investments in Government obligations .................................... 1,290,041,298 61,614 134,052 306,010 545,719
Tax-exempt securities ................................................................ 701,101,044 50,727 206,136 250,775 497,159
Other current assets ............................... ............. .................... 1,537,521,042 2,867,757 4,355,975 6,656,453 9,449,622
Loans to stockholders............................................................... 83,900,670 4,377,099 5,314,679 4,873,288 4,360,565
Mortgage and real estate loans............................ .................... 1,626,813,106 500,571 1,192,042 1,931,976 2,347,751
Other investments............................. ....................................... 5,700,750,483 1,674,163 4,869,178 7,881,345 11,663,943
Depreciable assets................. ............................................... 4,968,959,443 66,925,255 75,341,794 94,470.145 113,559,015
Less: Accumulated depreciation.......................................... 2,265,345,826 47,475,714 47,803,297 58,630,875 66,009,366
Depletable assets ........................ ............................................. 136,837,315 325,409 490,119 575,197 842,491
Less: Accumulated depletion............................................... 64,129,960 200,242 195,795 260,702 345,365
Land ................................................................................. _., _ _ 230,380,089 1,824,899 4.554,493 8,860,160 14,212,245
Intangible assets (amortizable) ................................................. 559,011,523 2,888,843 3,700,136 4,305,117 4,853,540
Less: Accumulated amortization............. ....................... 138,208,765 1,709,638 1,934,849 1.937,542 2,114,544
Other assets ...................................... ....................................... 1,273,616,767 1,807,013 3,705,105 3.473,324 4,979,120
Total liabilities .............................................................................. 21,815,869,373 63,188,749 102,662,775 139,592,757 189,985,446
Accounts payable ...................................................................... 1,465,685,698 9,807,552 14,256,215 19,595,885 26,960,076
Mortgages, notes, and bonds payable in less than one year 1,569,039,749 8,006,788 8,634,504 1 3,310,052 17,953,781
Other current liabilities................................ .............................. 5,994,457,055 7,812,900 8,520,654 10,811,376 14,269,957
Loans from stockholders........................................ .................. 303,017,642 30,332,480 20,933,407 21,708,168 21,391,578
Mortgages, notes, and bonds payable in one year or more 2,871,045,770 14,286,574 21,814,223 29,508,305 41,107,762
Other liabilities................................................ ; - .................... 3,148,683,849 5,749,555 4,626,447 3,528,169 9,984,467
Capital stock............. .............. ....................................... 2,042,497,435 16,597,897 12,725,511 16,922,749 17,458,191
Paid-in or capital surplus........................................................... 4,223,297,163 23,754,190 14,988,947 17,053,092 19,378,677
Retained earnings, appropriated ............................................... 106,288,339 2,289,146 237,403 628,271 654,350
Retained earnings, unappropriated __ ............................. 1,555,335,037 -52,542,887 -244,510 10,961,391 26,351,930
Less: Cost of treasury stock ..................................................... 1,463,478,361 2,905,445 3,830,028 4,434,699 5,525,323
Total receipts............................................................................... 12,269,721,710 151,793,131 380,938,628 319,364,601 352,203,519 409,079,513
Business receipts ..................................................... ................ 10,865,542,520 98,165,166 374,264,825 313,155,611 345,470,001 400,066,774
Interest....................................................................................... 764,546,106 41,857,652 309,066 556,007 700,533 1,008,497
Interest on Government obligations:
State and local ....................................................................... 43,319,556 223,671 *3,740 20,766 35,580 53,845
Rents............................... ......................................................... 85,478,375 698,019 357,184 367,149 658,633 898,486
Royalties I ................. I r..................................................... 44,076,734 77,928 187,715 228,501 66,808 122,457
Net short-term capital gain reduced by net long-term
capital loss ...................................... .................................... 26,064,516 405,769 69,897 45,042 48,887 53,887
Net long-term capital gain reduced by net short-term
capital loss ............................................................................ 53,303,500 1,687,064 426,391 396,714 639,548 671,617
Net gain, noncapital assets......................... .......................... _ 32,763,625 1,566,170 609,641 519,449 558,733 750,541
Dividends received from domestic corporations.. ...................... 13,570,604 74,984 7,700 53,083 88,376 98,070
Dividends received from foreign corporations........................... 25,907,770 '14,114 *212 1,006 1,842 *903
Other receipts ............................ ............ .............. ................... 315,148,404 7,022,595 4,702,255 4,021,272 3,934,580 5,354,437
Total deductions.......................................................................... 11,764,744,057 154,176,318 376,086.924 314,538,380 347,946,932 403,166,853
Cost of sales and operations ..................................................... 7,052,236,546 65,493,534 159,870,670 165,566,937 200,994,382 252,979,250
Compensation of officers ............................ ......................... 226,147,454 2,717,666 38,225,213 24,334,406 20,724,398 20,189,097
Repairs ........................................................ ............................. 104,140,185 806,834 3,735,123 3,449,827 3,389,520 3,506,822
Bad debts................. ................................................................ 80,671,397 6,045,321 778,172 645,386 985,649 1,203,076
Rent paid on business property........................................ 200,741,346 2,641,234 17,689,785 11,340,164 10,034,930 9,484,765
Taxes paid I................... - .............................................. 289,513,615 2,858,755 12,453,543 9,538,882 10,341,793 11,220,583
Interest paid ............................................................................... 546,236,159 32,859,097 2,460,394 2,874,617 3,656,572 4,707,916
Contributions or gifts ............ .................................................... 6,305,178 49,903 58,364 55,781 66,502 95,933
Amortization.................................................... ......................... 38,494,898 572,106 445,592 427,533 485,161 601,377
Depreciation.............................................................................. 363,545,335 2,636,241 6,047,881 6,343,618 6,943,391 8,226,575
Depletion....................................... ........................................... 8,471,334 30,602 31,148 20,831 29,015 36,635
Advertising.............................................................................. _ 140,143,456 938,654 4,398,286 3,244,469 3,432,697 3,675,228
Pension, profit-sharing, stock bonus, and annuity plans........... 61,073,784 349,791 1,891,300 1,235,645 1,212,481 1,537,083
Employee benefit programs ...................................................... 160,120,219 1,244,515 2,650,877 2,344,168 2,932,519 3,535,526
Net loss, noncapital assets....................................................... 26,272,309 2,946,142 404,132 152,308 307,484 383,503
Other deductions' ...................................................................... 2,460,630,844 31,985,922 124,946,446 82,963,806 82,410,439 81,783,484
Total receipts less total deductions ................... _ .......................... 504,977,653 -2,383,187 4,851,704 4,826,221 4,256,587 5,912,660
Constructive taxable income from related foreign corporations 36,501,077 4,865 17,928 *910
Net income (less deficit)................................................................ 498,159,174 .2,601,993 4,847,963 4,823,383 4,221,007 5,859,725
Income subject to tax..................................................................... 436,797,939 4,566,366 2,254,027 3,127,724 3,973,250 4,786,123
Income tax, total.................................................... ....................... 154,447,416 1,595,244 382,528 572,987 781,033 1,079,868
Regular tax ........................................................... .................... 149,026,690 1,527,253 376,916 566,885 769,400 1,061,879
Personal holding company tax.................................................. 9,472 *84 *327 *372 *781
Recapture of investment credit.................................................. 22,864 (1) *121
Alternative minimum tax........................... ................................ 4,863,090 32,997 4,895 5,535 10,786 15,420
Environmental tax... .................................................................. 566,361 4,190 *53 *204 *17 *42
Foreign tax credit........................................................................... 22,895,789 4,747 -4,776 509 245
U.S. possessions tax credit ........................................................... 4,722,588 262,040 1,479 99 *369 1,965
Orphan drug credit...................................... ....................... .......... 20,486
Nonconventional source fuel credit............................................... 690,593 1 *51 *283 *296 -6,254
General business credit ........... ..................................... .............. 3,078,073 11,062 5,816 9,352 13,731 24,933
Prior year minimum tax credit........................................................ 3,102,567 19,978 *263 *11,732 7,337 7,821
Total income tax after credits .............. - ....................................... 119,937,278 1,297,415 374,794 556,744 758,790 1,038,651
Footnotes at end of table. See text for "Explanation of Terms"and "Description of the Sample and Limitation of the Data."

37
 Corpgration Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table 2.-Balance Sheet, Income Statement, and Selected Other Items, by Size of Total Assets--Continued
[All figures are estimates based on samples-money amounts ar~ in thousands of d6llars and size of total assets is in whole dollars]
Size of total assets
Item $1.000,000 $5,000.000 $1 0.000,ODO $25,01310,0DO $50,000,000 $100,000,000 $250,000,000
under . under under under under under or
$5.000.000 $10,000,000 $25.000,000 $50,000,000 $100,000,000 $250,000,000 more
(8) (9) (10) (11) (12) (13)
Number of returns, total...................................... : ....................... 279,148 40,077 25,906 11,371 . 7,968 6,599 6,798
Total assets .................................................................................. 585,115.423 277,364.662 401,660,986 402,041.584 564,528,095 1,038.795,154 18,050,933,743
Cash .......................................................... ............................... 55,387,742 24,447,531 30,517,056 25,997,905 31,690,320 46,800,575 520,555,775
Notes and accounts receivable ................................................. 124,962,171 61,876,447 93,847,308 101,606,534 147,504,593 226,519,406 3,693,943,459
Less: Allowance for bad debts ............................................. "71:79 34 1,291,496 2,403,403 2,685,265 4,214,404 7,374,438 96,190,762
Inventories................................................................................. 61 '9:.3
83 K093,3" 64,804,627 43,398,361 41,659,224 58,936,426 486,414,215
Investments in Government abligabons.................................... 2,985,682 3,294,188 12,100,847 28,094,582 51,386,551 89,873,2" 1,101,268,808
Tax-exempt securities ................................................................ ~,051,659 1,404,865 5,017,317 10,405,779 24,760,552 57,948,265 598,507,809
Other current assets.................................................................. 30,518,114 15,642,935 21,808,963' 21,937,895 27,595,785 51,644,725 1,345,042,819
Loans to stockholders ............................................................... 8,869,517 2,832,049 2,804,201 2,020,304 1,914,361 2,790,342 43,744,266
Mortgage and real estate loans ................................................. 6,067,860 2,587,728 6,403,872 14,344,001 33,537,945 76,926,217 1,480,973,143
Other investments ................................................................ 40,183,255 23,585,582 43,362,310 56,453,407 95,499,973 239,628,259 5,175,949,066
Depreciable assets .................................................................... 308,778,598 130,312,911 172,402,503 127,956,698 134,005,731 209,375,915 3,535.830,877
Less: Accumulated depreciation .......................................... 166,729,890 66,793,410 84,704,265 59,797,965 60,319,428 91,170,880 1,515,910,737
Depletable assets.................. 1,914,490 1,805,357 2,862,531 2,907,003 3,700,123, 7,991,506 113,423,089
: * ................* .... ....... .............
Less: Accumulated depletion ............................................... 712,790 773,879 1,385,573 1,339,922 1,717,841 3,080,508 54,117,342
Land ............. .................................................. ....................... 35,214,472 12,789,305 15,212,830 10,790,536 10,269.111 14,042,743 102,609,296
Intangible assets (amortizable) ................................................. 12,081,712 7,994,385 11,767,045 12,892,136 19,156,632 36,684,200 442,687,777
Less: Accumulated amortization.~ ........................................ 4,891,325 4,113,635 4,232,373 4,233,185 6,107,250 9,274,558 97,659,867
Other assets .............................................................................. 12,611,899 5,670,454 11,475,188 11,292,779 14,206,117 30,533,715 1,173,862,063
Total Ilabillties.............................................................................. 685,115,423, 277,364.662 401,660,986 402,041,584 564,528,095 1,038,795,154 18,050,933,743
Accounts payable ...................................................................... 86,947,249 40,588,290 52,728,532 41,972,451 46,612,971 72,835,284 1,053,381,194
Mortgages, notes, and bonds payable in less than one year 81,726,693 44,782,651 53,449,960 34,815,847 36,136,388 51,709,547 1,218,513,540
Other current liabilities.............................. :................................ 50,194,044 28,575,920 60,044,537 106,910,007 193,307,456 333,997,487 5,180,012,718
Loans from stockholders........................................................... 45,711,352 14,287,231 12,750,371 7,341,254 6,799,815 9,381,029 112,380,958
Mortgages, notes, and bonds payable in one year or more 122,368,181 52,674,888 73,490,277 62,283,817 71,437,932 129,530,734 2,252,543,076
Other liabilities........................................................................... 23,528,306 12,646,302 23,422,994 23,917,872 27,619,063 58,808,830 2,954,851,842
Capital stock.............................................................................. 43,053,291 19,256,107 28,013,046 27,570,133 36,845,478 77,349,051 1,746,705,981
Paid-in or capital surplus............................................................ 68,967,254 38,729,876 65,874,094' 77,615,748 124,714,367 272,356,392 -3, 499,864,526
Retained earnings, appropriated ............................................... 1,495,200 720,971 993,753 947,243. 1,618,868 3,840,589 92,862,545
Retained earnings, unappropriated........................................... 74,216,615 29,633,628 36,335,009 23,023,829 27,397,694 44,771,336 1,335,431,001
Less: Cost of treasury stock..................................................... 13,092,765 4,531,203 5,441,586 4,356,617 7,961,936 15,795,123 1,395,613,636
Total receipts............................................................................... 1,250,178,880 560,801,791 657,265,630 427,762,340 414,914 207 608,219,632 6,737,199,838
Business receipts ...................................................................... 1,223,675,528 547,768,340 637,858,564 405,281,084 383,043,352 542,569,202 5,594,224,075
Interest ....................................................................................... 3,531,155 1,751,590 4,801,177 9,141,453 17,075,258 33,242,495 650,571,222
Interest an Government obligations:
State and local................................................. ..................... 229,252 145,642 362,4W 659,875 1,455,722 3,683,787 36,41.5,193
Rents ......................................................................................... 2,302,041 876,447 1,550,516 1,086,460 1,440,398 2,848,298 72,394,744
Royalties.................................................................................... 334,949 191,967 3~1,874 357,514 824,809 1 ;203,892 40,118,321
Net short-term capital gain reduced by net long-term
capital loss..................................................... ..................... 195,236 88,871 227,009 337,354 ~16,172 1,976,702 21,899,692
Net long-term capital gain reduced by net short-term
capital loss............................................................................ 1,752,032 1,0D0,148 1,299,716 1,362XI 1,348,463 2,570,742 40,148,704
Net gain, noncapital assets ....................................................... 1,760,307 810,423 1,062,676 875,703 882,808 1,425,635 21,941,538
Dividends received from domestic corporations ........................ 386,555 179,824 28T507 248,788 320,405 493,594 11,341,717
Dividends received from foreign corporations., ..................... 46,232 40,214 135,792 140,400 319,000 626,766 24,581,289
Other receipts............................................................................ 15,965,593 7,948,324 9,288,315 8,271,349 7,487,821 17,588,519 223,563,345
Total deductions......................................... :................................ 1.232,029,036 552,01 01620 644,499,587 416,950,952 399,841,550 578,183,540 6,345,313,367
I 266,981,975 368,319,680 3,549,487,959
Cost of sales and operations ........................... ................... . 860,643,141 408,147,618 466,275,369 287,476,030
Compensation of officers.................................................... 42,170,035 12,978,049 12,552,760 6,841,975 5,568,210 6,213,309 33,632,335
Repairs ................. ........................................................... 1 2,764,659 3,036,294 2,089,184 2,122,878 3,531,563 67,879,120
Bad debts ................................................. :................................ 3,696,453 1,675,190 2,148,383 1,957,514 1,942,262 3,418,724 56,175,266
Rent paid on business property................................................. 19,514,872 6,333,328 7,750,498 5,531,030 5,653,165 8,667,833 96,099,743
Taxes paid............. ................................................................... 27,314,536 10,590,718 12,561,453 8,216,442 8,246,618 12,068,568 164,101,723
Interest paid ............................. ................................................. 14,776,174 6,694,210 9,612,898 9,598,737 13,261,942 23,052,845 422,680,758
Contributions or gifts ............................... ................................. 221,846 97,189 144,569 125,538 170,862 277,569 4.941,121
Amortization................................................ ............................. 1,506,771 1,266,947 1,521,614 1,339,675 1,726,571 2,973,532 25,628,018
Depreciation .................................................................... .......... 21,869,086 9,088,095 12,554,588 9,624,811 10,215,352 15,907,404 254,088,293
Depletion................................................................................... 139,293 147,829 236,576 196,872 207,091 596,692 6,798,750
Adverbsing ................................................................................. 9,887,944 4,468,765 5,878,240 4,586,894 4,578,681 7,185,396 87,868,203
Pension, profit-sharing, stock bonus, and annuity plans ........... 4.190,074 1,756,524 2,024,261 1,470,576 1,411,385 2,321,853 41.672,811
Employee benefit programs.......................... ..................... 10,615,202 4,790,491 6,484,622 5,083,617 4,810,685 8,231,567 107,396,431
Net loss, noncapital assets ........................................................ 1,051,880 689,412 1,096.1 D6 952,358 1,131,696 2,093,477 15,063,812
Other deductions'..................................... ................................ 206,603,368 80,521,595 100,621,357 71,859,699 71,812,177 113,323,528 1,411,799,023
:
Total receipts less total deductions :......................................... 18,149,844 8,791,171 12,766,043 10,811,388 15,072,657 30,036,093 391,886,472
. 34,613
Constructive taxable income from related foreign corporati6 ns 3,119 73,415 141,024 134,479 565,369 35,525,353
Net income (less deficit) ................................................................
, 17,955,206 8,648,647 2446,974 10,292,537 1
13:7515:415 26,917,675 390,996,633
I
Income subject to tax ............................................................ : 1. 13,318,18~ 6,547,426 110:452,488 10,057,551 294 564 25,333,150 339,436,088
Income tax, total ............................................................................ 4,050,482 2,258,964 3,663,484 3,535,493 4,579,190 8,994,517 122,953,624
Regular tax................................................................................ 3,914,986 2,182,739 3,537,204 3,416,707 4,408,622 8,741,537 118,522,561
Personal holding company tax ......................................... : 3,158 -1,113 2,369 *35 383 46 281
Recapture of investment credit......................................... I ~!283 192 *657 *11,674 53 63 19,821
Alternative minimum tax............................................................ 126,861 71,675 117,712 106,129 154,568 228,675 3,987,806
Environmental tax...................................................................... 556 769 4,338 7,365 12,148 26,945 509,734
Foreign tax credit......................................................................... - 23,294 10,027 61,775 55,218 102,896 334,070 22,298,106
U.S. possessions tax credit............................................................ 18,817 .21,257 122,953 140,554 176,040 832,537 3,144,477
Orphan drug credit ...................... .................................................. 199 20,287
Nonconventional source fuel credit :.......................................... 1,767 -1,567 1,832 1,732 7,053 6,848 662,910
71,272
General business credit ....................................... :........................ 37,474 60,068 56,026 59,712 124,315 2,604,310
63,565
Prior year minimum tax credit........................................................ -42,269 63,064 57,204 73,971 124,703 2,640,661
3,871,768
Total income tax after credits'.............................. : .................... 2,146,370 3,353,792 3,224,758 4,159,319 7,572,044 91,582,832
*Estimate should be used with caution because of the small number of sample returns on which it is based.
' Less than $500 per return.
2 Also includes qualified electric vehicle credit which is not shown separately.
I Salaries and wages are included as part of other deductions. Salaries dnd wages are'shown separately in tables 6-17, 19, 24, and 25.
NOTE: Detail may not add to total because of rounding. See text for "E~planation of Terms" and "Description of the Sample and Limitations of the Data."

38
 Corporation Retums/1993
RETURNS WITH NET INCOME
Table 3..-Balance Sheet, Income Statement, a nd Selected Other Items, by Size of Total Assets
' of dollars and size of total assets is in whole.dollars]
[All figures are estimates based on samples-money amounts are in thousands

Size of total assets

Item Total returns $1 $100,000 $250,000 $500,000
with net income Zero assets under under under under
$100,000 $250,000 $500,000. $1.000,000
(1) M L3) -C4) 05 (6)
Number of returns, total ............................................................. 2,144,534 75.049 1,035,142 371.345 239,094 170,218
Total assets................................................................................ 18,694.952,844 34,346.184 60,334,739 85,066,584 120,312,669
C sh.................................................................................... . 675,732,047 9,190,855 12,628.523 14,488,251 17,744,945
a r and accounts receivable ................................................
Notes 4,064,219,086 3,958,905 9,435,571 16,150,085 26,182,016
Less: Allowance for bad debts........................................... 94,146,564 29,575 81,143 125,669 206,551
Inventories................................................................................ 730,075,046 3,826,963 9,605,628 14,796,277 22,094,595
Investments in Government obligations ................................... 1,216,180,638 20,710 41,339 215,407 354,657
Tax-exempt securities ............................................................... 559348321 43,315 105,783 167,972 314,049
Other current assets................................................................ 1,336:092:635 1,364,953 2,419,614 4,095,997 5,425,836
Loans to stockholders .................... ......................................... 55,245,479 2,825,180 3,622,341 3,025,285 2,611,343
Mortgage and real est0te loans .............................. ................ 1,423,152,677 245,765 744,397 927,028 1,311,667
Other investments .................................................................... 5,055,024,096 774,252 2,804,364 5,002,217 6,909,888
Depreciable assets .................................................................. 3,863,335,096 36,396,755 43,048,732 54,789,059 70,752,391
Less: Accumulated depreciation........................................ 1,779,931,945 26,443,717 28,801,895 35,957,243 44,898,503
Depletable assets .................................................................... 95,738,508 126,042 278,908 335,813 502,860
Less: Accumulated depletion ............................................. 47,208,058 76,432 109,429 206,567 259,469
Land ......................................................................................... 142,894,293 614,861 1,735,079 4,164,114 7,035,312
Intangible assets (amortizable) ................................................ 404,516,648 1,232,194 1,950,956 2,077,125 2,409,456
Less: Accumulated amortization ........................................ 100,168,685 710,739 1,142,517 1,034,951 1,103,072
Other assets............................................................................ 1,094,853,528 985,87S 2,048,487 2,166,386 3,131,249
Total liabilities............................................................................ 18,694,952,844 34,346,184 60,334,739 85,066,584 120,312,669
Accounts payable.................................................................... 1,219,538,134 3,611,949 7,015,536 11,534,778 17,438,631
Mortgages, notes, and bonds payable in less than one year.. 1,286,169,544 2,807,505 4960,847 6,893,754 10,832,458
Other current liabilities ............................................................. 5,355,810,759 3,401,484 4,602,110 6,242,069 8,930,302
Loans from stockholders ......................................................... 166,586,829 8,317,621 7,382,129 7,782,779 8,551,286
Mortgages, notes, and bonds payable in one year or more 2,118,235,940 6,129,515 110,069,507 13,482,856 19,723,126
Other liabilities......................................................................... 2,735,499,664 817,521 1,602,900 1,745,683 3,497,745
Capital stock................................................................ ........... 1,624,452,782 6,439,132 5,732,770 7,821,816 8,329,139
Paid-in or capital surplus ......................................................... 3,436,519,789 9,388,083 4,936,236 6,501,147 7,312,391
Retained earnings, appropriated................................... 89,640,690 2,228,101 198,289 478,348 534,232
Retained earnings, unappropriated ......................................... 1,957,157,947 -7,321,13S 16,492,516 25,505,625 39,259,005
Less: Cost of treasury stock................................................... 1,284,659,231- 1,473,592 11,958,11011 2,922,270 4,095,646
Total receipts .............................................................................. 9,871,033,217 86,702,044 235,886,629 220,550,493 251,523,584 311,593,358
Business receipts.................................................................... 8,672,207,465 55,156,594 231,600,035 216,276,618 246,553,367 304,667,755
Interest ..................................................................................... 681,505,539 23,404,856 16S1098 338,219 S04,655 743,245
Interesi on Government obligations:
State and local..................................................................... 33,257,330 176,455 -2,424 9,829 23,310 33,797
Rents....................................................................................... 68,381,750 383,055 188,618 253,249 475,434 642,944
Royalties .................................................................................. 29,504,622 35,184 121,629 205,754 50,394 76,661
Net short-term capital gain reduced by not long-term
capital loss.................................. ....................................... 25,046,900 343,592 54,803 42,737 44,960 49,834
Net long-term capital gain reduced by net short-term
capital loss........................................................................... 46,623,568 1,159,667 364,242 304,533 523,240 579,725
Net gain, noncapital assets ..................................................... .27,410,109 1,341,011 461,271 325,294 434,270 558,769
Dividends received from domestic corporations...................... 12,480,732 61,577 5,299 44,239 72,719 83,241
Dividends received from foreign corporabons.,................... 24,176,870 7,160 *212 1,006 1,148 *903
Other receipts............................. ............................................ ?50,438,334 4,632,894 2,922,999 2,749,015 2,840,088 4,156,485
Total deductions ......................................................................... 9,213,165,050 77,458,622 218,579,221 208,370,471 239,923,365 298,219,382
Cost of sales and operations ................................................... 5,552,130,474 35,861,887 91,554,492 110,487,306 141,920,946 192,533,273
Compensation of officers.................... - ................................... 169,591,485 1,289,275 23,140,607 17,413,512 15,157,222 15,242,315
Repairs.................................................................................... 81,379,462 372,088 2,174,711 2,167,629 2,230,615 2,503,596
Bad debts ................................................................................. 55,051,385 2,192,786 168,729 314,823 504,192 703,965
Rent paid on business property............................................... 143,648,196 1,176,684 9,907,914 7,367,865 6,609,256 6,665,914
Taxes paid ................... ;............................................................ 230,957,111 1,546,591 7,315,558 6,349,913 7,075,349 8,195,657
Interest paid ........................................................ .................... 436,666,283 17,415,388 1,214,620 1,648,108 2,079,061 2,845,332
Contributions or gifts.............................................................. - 6,235,011 48,981 45,185 53,982 64,924 88,855
Amortization ............................................................................. 26,522,410 229,982 190,008 208,590 216,250 302,472
Depreciation ............................................................................. 295,257,290 1,171,5" 3,401,226 3,870,848 4,405,828 5,616,281
Depletion ............................................................. .................... 6,276,715 19,871 21,237 8,409 21,177 26,444
Advertising ............................................................................... 113,368,563 488,278 2,466,607 2,227,001 2,464,311 2,728,468
Pension, profit-sharing, stock bonus, and annuity plans 50,175,693 213,941 980,777 862,492 877,269 1,2D6,471
Employee benefit programs ..................................................... 127,205,653 715,439 1,509,020 1,493,065 1,996,656 2,589,047
Net loss, noncapital assets .................................. ................... 8,326,445 233,522 64,302 47,971 61,468 79,024
Other deductions' ................................................................... 1,920,382,876 14,482,367 74,424,228 63,848,956 54,238,841 56,892,270
Total receipts less total deductions ............................................. 657,868,168 9,243,222 17,307,408 12,180,023 11,600,219 13,373,976
Constructive taxable income from related foreign corporations 34,055,167 2,964 17,928 *910
Net income ...................... .......... ................................................ 658,666,005 9,069,730 17,304,985 12,188,122 11,576,910 13,341,090
Income subject to tax ...................... - .................................... 436,370,753 4,565,947 2,251,019 3,123,789 3,964,150 4,786,003
Income tax, total ........................................................................... 153,708,784 1,584,387 381,370 570,210 774,611 1,076,619
Regular tax............................................................................... 148,876,903 1,527,106 375,773 565,557 765,882 1,061,830
Personal holding company tax................................................. 9,136 *523 *327 *372 *781
Recaoture of investment credit............................ ................... .19,393 *121
Alternative minimum tax ................ ......................................... 4,302,466 29,347 4,895 4,086 8,223 12,648
Environmental tax.................................................... :............... 562,282 4,175 ~53 *203 .17 *42
Foreign tax credit ................................- ...................................... 22,885,778 4,747 *125 -4,776 509 245
U.S. possessions tax credit ........... I .................................... I 4,722588 262,040 1,479 99 '369 2,201
Orphan drug credit....................................................................... 20:486
Nonconventional source fuel credit..................... . 690,309 1 *51 *283 *296 -6,254
General business credit.......................................* ~ 3,077,651 11,062 5,816 9,352 13,731 24,933
Prior year minimum tax credit .............................. 3,072,888 19,978 *263 -1,732 7,337 7,821
Total income tax after crediti?........................ ..... 119,239,043 1,286,559 373,636 653,967 7S2,368 1,035,166
Footnotes at and of table. See text for "Explanation of Terms" and "Description of the Sample and Limitation of the Data."

39
 Corporation Retums/1993
RETURNS WITH NET INCOME
Table 3.-Balance Sheet, Income Statement, and Selected Other Items, by Size of Total Assets-w-Continued
(All figures are estimates based on samples-money amounts ire in thousands of dollars*and size of total assets is in whole dollars]
Size of total assets
Itern '$1.000.000 $5.000,000 $10.0001000 $25.000,000 .$50.000.000 $100,000,000 $250,000.000
under . under under , under under. under- - or
$5,000,000 $10.000,000 $25.000,000 $50,000,000 $100,000,000 $250.000.000 more
I . (9) (12) (13)
.91- - (8). 1 (10) 0 1)
.
Number of returns, total ............................................................ 183.347 27,112 17,987 8,379 6.211 5,250 5.400
Total assets ................................................................ 385,208,367 188,807,439 280,i89,458 298,917,834 4", 1 10,690 847,394,051 15,949,564.830
41,441,679 18,020,466 22,496,455 19,971,735 25,000,860 36,935,256 457,813,023
Cash ................................................................... : ........................
93,750,524 47,280,402 72,554,161 63,357,021 125,265,005 194,892,126 3,391,393,270
Notes and accounts receivable . ................................................. . 768,559
1,053,673 .1,534,007 1,905,916 2,939,847 5,450,955 80,050,671
Less: Allowance for bad debts .............................. :...............
87,707,013 .42,893,962 50,416,841. 32,885,653 31,813,344 46,716,685 387,318,063
Inventories ............................................................. ......................
.2,200,349 2,631,032 10,199,317 26,053,851 48,331,372 84,&50,074 1,041,282,531
Investments in Government obligations......................................
11,339,961 963,526 3,506,387 7,966,192 17,656,661 40,773,316 486,521,159
Tax-exempt securifies............... ........................... : ......................
18,826,270 10,302,560 14,412,194 15,039,615 20,446,281 38,489,653 1,205,269,661
Other current assets................................................................ :..
5,306,540 1,734,943 1,670,064 1,215,622 1,019,623 1,410,018 _30,804,519
Loans to stockholders .................................................................
3;338,045 '1,267,7653 3,970,205 11,731,565 29,749,842 67,400,806 1,302,445,591
Mortgage and real estate loans.., ............. I .......................
24,524,011, 14:630,419 28;785,135 40,783,423 75,159,310 204,997,757 4,650,653,321
Other investmenti.................................................... ; ..................
192,447,718 83.669,544 115,339,006 87,762,095 93,959,203 160,555,202 2,924,616,391
Depreciable assets
........... 113,394,688 45,742,586 60;661,726 44,272,372 44,399,631 75,003,046 1,260,446,539
Less: Accumulated depreciation *.......... ..................................
1,009,210 .:.1,094,512 1,499,829 1,395,020 2,212,306 4.462,714 82:821,296
Depletable assets .......................... : ...............
............ I ............................
.404,785 - 478,134 6M,852 559,800 1,085,012 1,672,081 41 672,497
Less: Accumulated depletion......................
:*** * ................ 17,185,485 6,161,428 8,051,260 5,875,145 5,949,765 9,445,052 76:676,793
Land.............................................................................................
I 6,580,693 4,859,227 6,971,626 7,249,512 10,295,413 23,645,031 .337,245,414
Intangible assets (amortizable) ....................................... .............
2,970,054 A865,679 2,702,245 2,226,886 2,934,475 5,305,820 77,173,247
Less: Accumulated amortization............................................
7,284,067 3,132,614 6,598,808 6,595,359 8,610,670 20,252,260 1,034,047,753
Other assets..! .......................... ................................ ..........
385,208,367 188,807,439 260,889,458 298,917,834 444,110,690 847,394,051 15,949,564,830
Total liabillties ................... ............... ;
; ..... .......... 60,260,395 29,849,037 37,880,720 31,256, 1 ~9 35,648.510 59,639,611 925;402,838
Accounts payible........... ......
52;248,540 29,807,311 35,2.19,726' 21,642,680 23,104,922 32,543,296 1,066,W8,505
Mortgages, notes, and bonds payable ...............--
in less..............
than one year
33;396,339 18,933,745 450251,805. 90,662,004 169.198,110 290,742,338 4,684,450,453
Other current liabilities ............................ ........................
0: 19,511,691 6,534,335 5,303,139 2,769,966 2,529,090 4,054,042 83.850,750
Loans from stockholders ......................
59,866,634 .26,185,421 39,303,640 32,715,979 39,835,707 76,123,942 1,794,999,613
Mortgages, notes, and bonds payable in i: .................
one year ?r : more
11,205,571 6,170,478 11,727,071 12,396,659 15,254,141 39,075,249 2,633,006,647
Other liabilities ................................................. ..........................
,
22,496,853 1.0084,769 14,410,975 16,144,592 22,976,749 55,863,591 1,454,152,395
Capital stock........................................................ : .................... 1.
24,262,401 15:537,104 30,066,116 41,011,389 83,845,476 205,967,477 3,007,701,968
Paid-in or capital surplus............................................................ - . 78,719,220
1,163,028 504,357 520,530 655,514 1,423,780 3,215,292
Retained earnings, appropriated........................................
110,457,239 49,395,397 65,449,578 52,847,373. 57,214,215 92,821,363 1,455,036,772
Retained earnings, unappropriated ; ........................
~. 9,460,322 3,194,515 4,233,845 3,184,449 6,920,010 12,652,150 11,23064,330
Less: Cost of treasu~y stock .......................................................
Total receipts ......................... 975,528,815 .-,444,918,439 522,444,592 338,030,940 323,650,324 485,729,938 5,674,474,061
955,870,640 435,673,240, 507,576,082 320,024,619 297,426,261 435,111,408 4,666,270,847
Business receipts ................... .............................. ......................
2,545,754 1,,176,621 .3,721,372. 7,788,101 15,169,824 28,959,585. 596,988,210
Intere st........... ..................................................................
Interest on Government obligations:
1154,188~ .101,612 293,733 514,053 1,067,287 2,537,806 28,342,836
State and local ....................... . ....................................
1,659,637 599,744 :1,133,996 748,816 976,955 1,781,871 59,537,431
Rents ................... :.......... ;...........................................................
232,741 101,573 M,094 240,801 550,122 1,227,283 26,397,385
Royalties.....................................................................................
Net short-term capital gain reduced by net long-te rm '.
150,013 '78,727 205,668 296,974 695,272 1,930,667 21,153,65
capital loss .......................................................................
Net long-term capital gain reduced by net short-term
.1,536,365 808,274 1,077,555 1,163,992 1,135,223 2,118,589 35,852,163
capital loss........................................................ ; .....................
~1,348,286 528,805 726,754 ~695,450 651,983 1,140,394 19,197,822
Net gain, noncapital assets ........................................................
342,440 160,102 289,783 .228,194 266,732 624,312 10,302,094
Dividends received from domestic corporations
43295 38,345 112,190 125,331 251,957 573,566 23,021,756
Dividends received from foreign corporations .............................
11,645,457 5,651,394 7,042,365 6,204,611 5,458,708 9,724,457 187,409,960
Other receipts., ...................................................... . .....................
Total deductions.................... ...................... 938,'903,985 428,373,656 498,932,288 319,194,812 300,882,562 445,736,777 5,238,589,710
669,515,177 325,032,246 369,663,464 226,308,107 205,396,690 288,153,732 2,895,703,153
Cost of sales and operations ............: ................... ......... .... ......
33198723 10277706 9916,844 5,388,355 4,499,921 4,955,415 29,111,590
Compensabon of officers.......................................
5:645:908 2:041.:528 2:2",336 1,577,126 1,S77,272 2,893,759 55,950,893
Repairs ......................... : ................... :.....................
2,191,496 913,868 1,134,667 865,591 990,215 1,765,"2 43,305,611
Bad debts................................ :...................................................
14,148,713 4,447,388 5,623,527 3,853,996 4,013,275 6,160,403 73,673,062
Rent paid on business property..................................................
26,532,772 7,796,443 9,662,378 6,283,494 6,273,696 10,077,158 .139,848,101
Taxes paid ................................................................ ...................
9,001,042 4,002,791 5,994,798 6,400,534 9,504,370 16,837,978 359,712,260
Interest paid ............................................................................
211,815 95,747 140,720 124,437 172,185 290,188 4,897,991
Contributions or gifts ................................................................... - 827,385 747,719 898,804 740,850 950,858 1,554,580 19,6514,911
Amortization .......... ...................................................... : ..............
14,942,502, 6,152,906 -8,722,247 6,639,781 7,155,983 12,100,265 211,077,680
Depreciation ...................................... ....................
92,953 110,008 194,027 131,098 121,S41 408,914 5,121,037
Depletion ................... ~: ........................... ....................................
7,392,717 .3,318,222 4,182,403 3,495,260 3,274,897 6,057,525 75,272,873
Advertising .......................................... : .......................................
3,468,598 1,443,320 1,684,198 1,245,447 1,150,131 2,092,737 34,950,312
Pension, profit-sharing, stock bonus, and'annuity ~Ians ............
Employee benefit programs........................................................ 7,713,517 3,586,491 4,895,206 3,874,026 3,522,399 6,804,694 88,506,093
21 9,090 91,176 ,218,428 218,464 270,321 546,022 6,276,658
Net loss, noncapital assets ........................................ .................
1149,801,577 58,316,094 73,756,241 52,048,247 52,008,807 85,037,964 1,195,527,283
Other deductions'.........................................................................
Total receipts less total deductions ............................ .................... ?6,624;831 16,644,783 23,512,304 18,836,129 22,767,762 39,993,161 435,884,351
. .
34,238 -2,957 '60,607 69,790 108,840 645,733 33,111,198
Constructive taxable income from related foreign corporations ... .............
36,504,881 16,446,128 23279,178 18,391,867 21,809,315 38,101,088 440,652,713
Net income.......... ............................. ........ :.................
...................... :............... 6,545,802 10:451,743 10,125,673 13,475,486 25,793,277 337,985,660
Income subject to tax.: ...................
Income tax, total................................................................ . ............ 4,021 ;283 .2,245,878 3,646,421 3,547,690 4,742,812 9,146,613 121,970,890
3,909,237 2;182,2D9 3,536,776 3,440,150 4,593,557 8,902,881 118,015,9"
Regular tax .. . .......................................................... :..:.................
~,091 -.1,038 2,367 *35 3113 24 .. 109
Personal holding company tax.....................................................
Recapture of investment credit................................................... 2a3' *657 .1,419 so 53 16,809
Alternative minimum tax......................................... .......... : 105,248 102,359 94,622 133,835 222,407 3~524,721
1 '545 1
'768 4,327 7,448 12,653 27;901 504,148
Environmental tax.............................................. ......... .....
.................... .23,294 10,027 61,775, 55,449 104,808 345,192 22,274,830
Foreign tax credit................ ..............................
r... ...... .................... ....... 1081 21,257 .,122,9153 148,062 207,551 793,518 3,144.477
U.S. possessions tax credit ....................
Orphan drug credit........................................................ ................... .20,287
Nonconventional source fuel credit.............................t ..................... 1,767 -1,567 0,832 .1,732 7,072 6,829 .662,625
General business credit.................................................................. 71,272 37,474
, 60,066 56,109 59,582 126,286 2,601,967
63,540 42 266 630747 57,279 73,649 126,408 2,608,863
Prior year minimum tax credit.......................................... ..............
I 3,842,829 2,133,284 3,336,048 3,229,059 4,289,950 7,748,378 90,657,799
Total income tax after credits ......... ................................. ; ..............
imate should be used with caution because of the small number of.sample returns on which it is based.
Less than $500 per return
2 Also includes qualified electric vehicle credit which is not shown separately.
Salaries and wages are included as part of other deductions, Salaries and wages are shown separately in tables 6-17* 19, 24. and 25.
NOTE: Detail may not add to total because of rounding. See text for "Explanation'of Terms" and "Description of the Samp!e and Limitations of the Data."

40
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table 4-Selected Balance Sheet, Income Statement, and Tax Items, by Industrial Division, by Size of Total
Assets
[All figures are estimates based on samples-money amounts are in thousands of dollars and size of total assets is in whole dollars]

Size of total assets

Industrial division and item Total returns of $1 $100.000 $250,000 $500,000 $1,000,000
active corporations Zero assets under under under under under
$100,000 $250,000 $500,000 $1,000,000 $5,000,000
(1) (2) (3) C4) C5) L6) (7)
All Industries
Number of returns..................................... .................................................. 3,964,629 239,331 2,048,(>46 63S,265 394,244 269,277 279,146
Total assets ............ ................................................................. .............. 21,815,869,373 63,188,749 102,662.775 139,592,757 189,985,446 585,115,423
Notes and accounts receivable, net.......................................................... 4,415,256,282 6,841,218 14,527,342 23,665,997 35,918,409 123,165,337
Inventories ............................................................. ................................... 947,287,758 7,754,069 15,870,809 23,374,316 31,363,274 117,619,093
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets .................................................. 4,340,740,490 17,655,803 23,031,018 27,011,011 34,354,369 90,943,197
Other investments and loans..................................................................... 7,411,464,259 6,551,833 11,375,899 14,686,609 18,372,259 55,120,632
Depreciable assets ............................................ ............ .......................... 4,968,959,443 66,925,255 75,341,794 94,470,145 113,559,015 308,778,598
Less: Accumulated depreciation ........................................................... 2,265,345,826 47,475,714 47,803,297 58,630,875 66,009,366 166,729,890
Other capital assets less reserves............................................................ 723,890,202 3,129,271 6,614,104 11,542,230 17,448,367 43,606,559
Total liabilities .......... __ ................................................................................ 21,815,869,373 63,188,749 102,662,775 139,592,757 189,985,446 585,115,423
Accounts and notes payable..................................................................... 3,034,725,447 17,814,340 22,890,719 32,905,937 44,913,857 168,673,942
Other current liabilities............................................................... .............. 5,994,457,055 7,812,900 8,520,654 10,811,376 14,269,957 50,194,044
Mortgages, notes, and bonds payable in one year or more ...................... 2,871,045,770 14,286,574 21,814,223 29,508,305 41,107,762 122,368,181
Net worth ................................................................................................... 6,463,939,611 -12,807,099 23,877,323 41,130,804 58,317,825 174,639,595
Total receipts ................... ............................... ............................ ............... 12,269,721,710 151,793,131 380,938,628 319,364,601 352,203,519 409,079,513 1,250,178,880
Business receipts.......... ........................................................................... 10,865,542,520 98,165,166 374,264,825 313,ISS,611 345,470,001 400,066,774 1,223,675,528
Total deductions ........................................................................................... 11,764,744,057 154,176,318 376,086,924 314,538,380 347,946,932 403,166,853 1,232,029,036
Cost of sales and operafions ......................... .......................... ................ 7,052,236,546 65,493,534 159,870,670 165,566,937 200,994,382 252,979,250 860,643,141
Taxes paid ................................................. ............................................... 289,513,615 2,8W,755 12,453,543 9,538,882 10,341,793 11,220,583 27,314,536
Interest paid............................... ............................................................... 546,236,159 32,859,097 2,460,394 2,874,617 3,656,572 4.707,916 14,776,174
Depreciafion................................................. _ ........................................... 363,545,335 2,636,241 6,047,881 6,343,618 6,943,391 8,226,575 21,869,086
Pension, profit-sharing, stock bonus, and annuity plans ........................... 61,073,784 349,791 1,891,300 1,235,645 1,212,481 1,537,083 4,190,074
Employee benefit programs ................................................... .................. 160,120,219 1,244,515 2,650,877 2,344,168 2,932,519 3,535,526 10,615,202
Net income (less deficit) ............................................................................... 498,159,174 -2,601,993 4,847,963 4,823,383, 4,221,007 5,859,725 17,955,206
Income subject to tax ............................ .................................................... _ 436,797,939 4,566,366 2,254,027 3,127,724 3,973,250 4,786,123 13,318,183
Income tax, total........................................................................................... 154,447,416 1,595,244 382,528 572,987 781,033 1,079,868 4,050,482
Alternative minimum tax........................ ................................................... 4,863,090 32,997 4,895 5,535 10,786 15,420 126,891
Environmental tax ...................................................................................... 566,361 4,190 *53 *204 *17 *42 556
Foreign tax credit.................. ............................ .......................................... 22,895,789 4,747 *125 *4,776 509 245 23,294
U.S. possessions tax credit..................... .................................................... 4,722,588 262,040 1,479 99 *369 1,965 18,817
Orphan drug credit.................................................................. .................... 20,486 - - -
Nonconventional source fuel credit .............................................................. 690,593 1 *51 '283 *296 -6,254 1,767
General business credit............................................................................ - 3,078,073 11,062 5,816 9,352 13,731 24,933 71,272
Prior year minimum tax credit...................................................................... 3,102,567 19,978 *263 -1,732 7,337 7,821 63,56S
Total income tax after credits 2. ................................................................... 119,937,278 1,297,415 374,794 556,7" 758,790 1,038,651 3,871,768

Agriculture, Forestry, and Fishing

Number of returns ..................................................... .................................. 141,326 5,791 59,869 23,908 22,493 16,640 11,317
Total assets.............. .......................... ........................................................ 74,646,834 2.045,180 3,888,509 8,036,901 11,790,320 21,185,391
Notes and accounts receivable, net....................................................... 6,994,786 94,021 299,315 464,663 613,610 1,668,633
Inventories ................................................................................................. 8,405,157 72,060 164,740 S29,575 784,100 2,378,445
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets....................................................... 8,583,662 458,853 648,431 1,151,460 1,401,874 2,017,787
Other investments and loans ................................................................... _ 8,790,418 270,768 466,138 882,080 1,201,084 2,189,043
Depreciable assets.................................................................................... 57,575,528 3,281,952 5,060,381 8,240,056 9,319,273 14,915,508
Less: Accumulated depreciabon,......................................... ................ 35,742,442 2,451,551 3,560.953 5,754,973 6,304,783 9,106,659
Other capital assets less reserves ....................... ........................... 17,568,470 258,340 714,089 2,214,855 4,120,802 6,436,037
Total liabilities............. .......................................................................... 74,646,834 2,045,180 3,888,509 8,036,901 11,790,320 21,185,391
Accounts and notes payable ..................................................................... 14,769,564 404,491 707,857 1,439,932 1,554,573 4,128,856
Other current liabilities.............................................................................. 3,449,744 123,053 66,771 262,833 285,367 744,131
Mortgages, notes, and bonds payable in one year or more ...................... 17,460,756 451,282 1,092,511 1,731,275 2,743,803 5.289,600
Net worth ...................................... .................................................. 27,698,859 .68,049 989,117 3,125,576 5,351,314 8,155,148
Total receipts ........................................... .................................................... 98,301,076 524,957 7,761,657 6,793,757 11,116,422 12,681,856 23,147,630
Business receipts...................................................................................... 92,071,144 403,475 7,491,079 6,267,983 10,225,539 11,46S,191 21,483,620
Total deductions ........................................................................................... 96,656,629 628,295 7,483,391 6,842,565 10,930,286 12,414,560 22,887,244
Cost of sales and operations..................................................................... 53,240,017 116,932 2,560,907 2,602,550 4,886,192 5,916,964 12,364,942
Taxes paid.................................... ............................................................ 2,414,203 22,766 295,298 200,400 363,981 390,208 524,866
Interest paid............................................................................................... 2,233,054 53,668 105,981 160,891 255,964 32S,858 610,970
Depreciation...................................... ....................................................... 4,166,470 74,231 268,622 402,453 566,373 664,683 1,045,925
Pension, profit-sharing, stock bonus, and annuity plans .......... ................ 205,540 *196 -2,141 -1,364 17,994 16.619 58,041
Employee benefit programs ...................................................................... 878,S96 -2,495 48,464 50,313 138,209 127,124 153,044
Net income (less deficit) ............................................................................... 1,647,725 -104,058 278,266 -48,838 182,012 263,174 250,163
Income subject to tax ................................................................................... 2,175,063 35,260 112,171 108,605 205,987 306,349 398,205
Income tax, total .......................................................... ................................ 613,080 7,883 19,095 20,099 35,623 62,234 106,617
Alternative minimum tax............... ............................................................ 20,926 *212 *110 -1,339 *746 '521 3,879
Environmental tax ........................................ ............................................. 1,144 3 *14
Foreign tax credit.......................................................................................... 20,925 *20 1
U.S. possessions tax credit.......................................................................... 342 5 56
Orphan drug credit........................................................................................
Nonconventional source fuel credit .............................................................. 245
General business credit.................................................... .......................... 14,663 *690 *15 *291 2,154 3,188 2,022
Prior year minimum tax credit ...................................................................... 8,299 -1,602 *261 *24 *738 *668
Total income tax after credits 2.................................... ........... .................... 568,605 5,591 18,820 19,808 33,421 58,307 103,871
Footnotes at end of table. See text for "EVIanation of Terrns* and ~Descrow of the Sang" and Unnitation of ft Data.0

41
 CQrporat,ion Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 4-Selected Balance Sheet, Income Statement, and Tax Items, by Industrial Division, by Size of Total
Assets-Continued
(All figures are estimates based on samples--money amounts are in thousands of dollars and size of lotal assets is in whole dollars)
Size of total assets--Continued
I $10,000,000 $25,000,ODO $50.000,000 $100,000.000 $250,000.000
Industrial division and item $5.000,000
under under under under under or
$10.000.000 $25,000,000 $50,000,000 $100.000,000 $250,000.000 more
(9) (10) (12) (13)
(8)
All Industri6s
40,077 25,906 11,371 7,968 6,599 6,798
Number of returns............................................................................... : .........................
Total assets ..................... : ....................... ............................... : .................................... 277,364,662 401,660,986 402,041,584 564,528,095 1,038,795,154 18,050,933,743
Notes and accounts receivable, net .............................. :..: ...............: ......................... 60,584,951 91,443,905 98,921,269 143,290,189 219,144,968 3,597,752,697
Inventories 56,093,344 64,804,627 43,398,361 41,659,224 58,936,426 .486.4.14,215
Cash, U.S. ...................
Government obligations, ...........................................
tax-exempt ** .............. * ............. * ............
securifies. and other current assets .................................................................. 44,789,519 69,444,183 86,436,161 135,433,208 246,266,809 3.S65,37S,211
Other investments and loans........................................................... ......................... 29,005,359 52,570,383 72,817,712 130,952,279 319,344,818 6,7DO,666,475
Depreciable assets .................... :............................................................................... 130,312,911 172,402,503 127,956,698 134,005,731 209,375,915 3,S35,83D,877
Less: Accumulated depreciation ............................................ : ............................... 66,793,410 84,704,266 59,797,965 60,319,428 91,170,880 1,515,91 D,737
17,701,533 24,224,460 21,016,568 25,300,775 46,363,383 506,942,953
Other capital assets less reserves.............................................................................
Total liabilities .............................................................................. ................................ 277,364,662 401,660,986 402,041,584 564,528,095 1,038,795,154 18,050,933,743
85,370,941 106,178,492 76,788,298 82,749,359 124,544,831 2,271,894,734
Accounts and notes payable............. .......................................... : .........................
28,575,920 60,044,537 106,910,007 .193,307,456 333,997,487 5,180,012,718
Dither current liabilities..................................................................................... .........
Mortgages, notes, and bonds payable in,one year or more ...................................... 52,674,888 73,490,277 62,283,817 71,437,932 2,252,S43,076
Net worth.................. : ................................ ............................................................... 83,809,379 125,774,316 124,800,336 182,614,471 382,532,245 5,279,2SO,417
560,801,791 657,265,630 427,762,340 414,914,207 608,219,632 6,737,199,838
Total receipts................................................... ............... .......... ..................
Business receipts ............................ ................................................................ 547,768,340 637,858,564 405,281,084 383,043,352 542,569,202 5,594,224,075
Total deductions .................................. ..............I ................................ ........................ 552,010,620 644,499,587 416,950,952 399,841,550 578,183,540 6,345,313,367
408,147,618 466,275,369 287,476,030 266,981,975 368,319,680 3,549,487,959
Cost of sales and operations I
Taxes paid.................................................... - .. . :..............
....................................................
........ .... . 10,590,718 12,561,453 8,216,442 8,246,618 12,068,568 164,101,723
Interest paid .......... .................................................................................................... 6,694,210 9,612,898 9,598,737 13,261,942 23,052,845 422,680,758
Depreciation..................................................................................... .......................... 9,088,095 12,554,588 9,624,811 10,215,352 15,907,404 254,088,293
Pension, profit-sharing, stock bonus, and annuity plans......... . ........ . .................... 1,756,524 2,024,261 1,470,576 1,411,385 2,321,853 41,672,811
Employee benefit programs................................................................. :..................... -4,790,491 6,484,622 5,083,617 4,810,685 8,bf,50 '107,39e.431
Net income (less deficit).......................................... :.......................... ......................... 8,648,647 12,446,974 10,292,537 13,751,415 26,917,675 390,996,633
Income subject to tax............................................................................ ......................... .6,547,426 10,452,488 10,057,551 12,945,564 25 333,150,1 , 339,436,088
Income tax, total ............ .......................................... : .................................................... r 2,258,964 3,663,484 3,535,493 4,579,190 8:994,517 1 122,953,624
Alternative minimum tax ............................................................................................ 71,675 117,712 106,129 154,568 228,675 3,987,806
Environmental tax................................................. : .................................................... 769 4,338 7,365 12,148 26,945 509,734
Foreign tax credit .................................................................................................. ...... 10,027 61,775 55,218 102,896 334,070 22,298,106
21,257 i 22,953 140,554 176,040 832,537 3,144,477
U.S. possessions tax credit ................................................................... ...... .. .
Orphan drug credit........................ :.............................. ................................................ 199 20,287
Nonconventional source fuel credit ........................................................................... -1,567 1,832 1,732 7,053 6,848 662,910
37,474, 60.068 56,026 59,712 124.315 2,W4,31 0
General business credit.................................................................................................
Prior year minimum tax credit ............... . ........................ ............................................. 42,26i 63,064 57,204 73,971 124,703 2,640,661
Total income tax after credits 2........... .............. ................................................... 2,146,370 3,353,792 3,224,758 4,159,319 7,572,044 91,582,832

Agriculture, Forestry, and Fishing

. 123 1
Number of returns ............... ................................................ ................ .......... ............... 735 352 57 30 11
Total assets ............;.......... :.......................................................................... 5,115,905 5,175,715 4,137,170 3,927,748 4,379,145 4,964,850
Notes and accounts receivable, net ...................................................... .................... 792,268 718,465 494,183 537,011 681,030 631,588
Inventories................................................. ............................................................ 656,939 717,213 793,080 596,186 771,332 941,488
Cash,'U.S. Government obligations. tax-exempt
securities, and other current assets..; ........................................... .......................... 544,433 502,949 507,874 427,816 .384,569 537,619
Other investments and loans.................................. ............................... : .................... 538,644, 586,953 513,579 443,172 625,52~ 1,073,434
Depreciable assets ............................................... : .......................... ............ 3,160,644 3,259,422 2,466,417 2,406,087 2,394,664 3,071,124
Less: Accumulated depreciation ................ 1 ................ ...................................... 1,773,428 1,568,136 1,276,507 1,179,780 1,155,679 1,609,994
Other capital assets less reserves............. ............................... ........... 1,063,526 816,259 497,669 581,425 610,018 255,446
Total liabilities...................... :..;.......................... :~ ............................................ a ............ 5,115,905 5,175,715 4,137,170 3,927,748 4,379,145 4,964,850
Accounts and notes payable ...............: ........................ ................................... 1,485,225 1,391,231 878,345 1,084,526 968,143 726,386
Other current liabilities......................................................... ..................................... 535,965 324,794 217,712 219,864 302,970 3 66,284
Mortga6ei, notes, and bonds payable in one year or more...................................... 1,242,276 1,291,064 761,805 844,446 1,255,645 757,047
Net worth.: ........................... : .......... ................................................... I ............. 1,254,452 1,668,615 1,671,205 1,413,360 1,375,508 2,762,610
Total receipts .............. : ................ ............................................... ................. 7,668,980 6,723,962 5,109,307 4,790,829 5,792,043 6,189,675
Business receipts .................................. - ; ................ ; .......................... :. ia 7,380,966 6,434,803 4,817,695 4,611,215 5,525,499 5,964,080
Total deductions ....................................................... .............................................. ..... 7,636,391' 6,746,409 4,974,979 4,709,846 5,602,941 5,799,725
Cost of sales and operations ......................... I........... 5,155,241 4,131,893 3,883,897 3,473,458 4,300,411 3,846,631
Taxes paid ................................ .................................................. t................. t45,631 133,017 71,613 73,309 99,685 9~,428
Interest paid.. ........................................................ .................................................... 151,039 146,902 99,111 78,828 149,098 94,746
I
Depreciation..................... .............. a ................................................................ 215,039 244,408 152,854 165,719 142,168 213,994
Pension, profit-sharin~,stDck bonus, and annuity plans.................. ; ......................... 26,441 23,256 9,631 9,927 14,801 25,128
Employee benefit programs ................................................... ; .................. 43,438 49,482 26,670 34,751 78,684 125,920
Net income (less deficit) .......................................................................................... 32,195 -23,239 131,646 80,439 188,522 417,442
Income subject to tax ....................... r................. I ..................................................... 137,367 99,540 104,942 121,689. 131,639 46,311
Income tax, total.................................. ..................... ............................ : .......................... 46,072 35,903 36,229 45,912 47,751 149,66~
Alternative minimum tax ....................................... *454 2,067 *516 4,131 2,265 4,686
.................. 1
Environmental tax ..................................................................................................... 2 *41 85 173 230 595
Foreign tax credit ............ .......................................................................................... :.. *47 2 *548 87 2 20,M
U.S. possessions tax credit ............................................................................ I............. 282
Orphan drug credit..................................................... I................................................... 1.
Nonconventional source fuel credit....................................................... ....................... 40 205
General business credit ............... ............................................................................... -1,503 *697 -1,884 761 281 1,178
Prior year minimum tax credit .................................... .......................................... *123 *234 *406 986 1,995 1,260
Total income tax after credits 2 .................................................... 44,117 34,970 1 33,391 44,038 45,472 126,800
Fooinotes at and aftabla. See text for'E)planation ofTerms* and s0escription ofthe Sample and Urdatim offt Data.0

42
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table 4-Selected Balance Sheet, Income Statement, and Tax Items, by Industrial Division, by Size of Total
Assets
[All figures are estimates based on samples--money amounts are in thousands of dollars and size of total assets is in whole dollars]

Size of total assets

Industrial division and item Total returns of $1 $100.000 $250.000 $500,000 $1.000,000
active corporations Zero assets under under under under under
$100,000 $250,000 $500,000 $1.000,000 $5,000.000
(1) (2) P-) (4) (5) (6) (7)
Mining
Number of returns ........................................................................................ 35,345 2,850 16,884 4,909 3,553 3,472 3,124
Total assets ................... .............................................................................. 224,018,659 510,151 767,238 1,302,807 2,478,157 6,362,804
Notes and accounts receivable, net.......................................................... 22,483,428 40,511 96,790 246,766 392,378 1,111.789
Inventories ................................................................................................. 7,256,426 '26,349 '84,098 62,437 15,964 117,905
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ....................................................... 16,536,006 117,843 194,698 327,321 612,811 1,153,471
Other investments and loans..................................................................... 82,202,802 68,152 -70,196 117,026 380,682 1,264,244
Depreciable assets ............................................................................ 108,633,915 819,350 584,504 1,513,899 1,943,227 4,310,572
Less: Accumulated depreciation........................................................... 54,695,785 659,266 436,377 1,218,158 1,384,125 2,897,194
Other capital assets less reserves............................................................ 36,577,679 61,345 167,029 216,514 419,187 1,169,673
Total liabilities............................................................................................... 224,018,659 510,151 767,238 1,302,807 2,478,157 6,362,804
Accounts and notes payable ..................................................................... 24,130,222 174,920 150,091 213,000 634,263 1,030,859
Other current liabilities.............................................................................. 10,728,127 61,160 111,457 114,579 197,168 376,822
Mortgages, notes. and bonds payable in one year or more ...................... 47,765,892 'S6,574 67,321 87,392 553,950 1,141,151
Net worth ................................................................... _.............................. 111,449,998 -227,170 -5,961 .102,830 752,398 2,6156,229
Total receipts ................................................................................................ 112,121,150 746,747 1,270,7S2 1,384,579 1,952,132 3,482,651 5,824,973
Business receipts ...................................................................................... 102,064,204 605,989 1,222,603 1,274,437 1,821,940 3,164,197 5,235,931
Total deductions........................................................................................... 109,623,248 781,718 1,293,474 1,343,698 1,871,710 3,460,014 5,633,320
Cost of sales and operations..................................................................... 66,116,598 298,755 280,704 557,481 787,527 1,152,377 2,482,615
Taxes paid ................................................................................................. 3,302,128 30,605 50,347 51,257 82,306 174,688 255,818
Interest paid ............................................................ .................................. 4,794,523 53,831 14,398 17,331 15,189 76,710 142,229
Depreciation ............................................................................. 6,145,399 77,142 30,501 50,365 77,740 157,467 331,148
Pension, profit-sharing, stock bonus, and annuity plans ............... 462,227 -4,518 -2,948 -3,309 '10,477 29,723
Employee benefit programs......................................................... ............ 1,428,893 10,213 '21,166 *6,885 21,128 82,018 77,065
Net income (less deficit)............................................................... ............... 2,628,720 -35,493 -22,722 40,881 80,353 20,985 188,140
Income subject to tax........................................................................... 3,454,714 '16,991 -2,543 '12,787 20,895 44,801 118,266
Income tax, total........................................................................................... 1,360,692 6,450 *382 -1,942 3,158 14,419 39,962
Alternative minimum tax................... ......................................................... 166,532 -1,785 - - *500 3,311
Environmental tax................................................................................ 5,779 6 *19
Foreign tax credit ........... .............................................................................. 526,299 '32 4
U.S. possessions tax credit.......................................................................... -
Orphan drug credit........................................................................................
Nonconventional source fuel credit.............................................................. 27,566 '296 -4,314 -1,115
General business credit ................................................. ............................. 12,501 '58 *335 *178 *583
Prior year minimum tax credit...................................................................... 56,392 *83 *184 *3.421
Total income tax after credits I............................................ ........................ 737,935 6,367 *292 -1,608 2,684 9,916 34,844

Construction
Number of returns....................................................... ................................ 417,250 20,500 226,212 64,637 41,498 30,281 28,396
Total assets.................................................................................................. 240,435,575 6,537,432 10,568,594 14,842,976 21,085,740 58,207,283
Notes and accounts receivable, net .......................................................... 67,042,954 1,053,603 2,156,509 3,777,305 6,140,484 20,097,644
Inventories .......................... ................................................................ 30,296,203 447,967 1,290,128 2,205,125 3,379,118 8,771,726
Cash, U-S. Government obligations, tax-exempt
securities, and other current assets....................................................... 54,494,949 1,754,350 2,642,698 3,545,802 5,390,094 14,067,661
Other investments and loans..................................................................... 36,655,408 760,777 1,117,712 1,367,494 1,429,789 4,186,579
Depreciable assets.................................................................................... 104,791,345 8,306,122 8,892,712 9,804,849 10,793,481 24,509,389
Less: Accumulated depreciation ............................................... _ .......... 66,592,167 5,983,522 6,202,468 6,749,894 7,180,966 16,164,360
Other Capital assets less reserves ............................................................ 8,222,215 199,888 409,936 613,424 828,465 1,836,066
Total liabilities ................................................... ........................................... 240,435,575 6,537,432 10,568,594 14,842,976 21,085,740 58,207,283
Accounts and notes payable .............._ ............................................... 75,064,109 2,042,029 2,865,138 4,628,562 6,834,191 20,961,061
Other current liabilities ....................... ...................................................... 31,668,127 786,682 914,543 1,645,692 2,433,997 8,145,631
Mortgages, notes, and bonds payable in one year or more...................... 34,237,422 1,363.213 1.873,360 2,206,297 2,706,955 6,103,073
Net worth................................................................................................... 75,814,580 -196,301 3,427,533 4,800,466 6,711,432 17,867,296
Total receipts ................................................................................................ 538,266,252 3,622,917 53,688,977 39,128,565 46,268,011 55,473,966 134,DO9,360
Business receipts...................................................................................... 528,889,876 3,409,432 53,449,401 38,870,522 45,915,734 54,869,281 132,392,061
Total deductions ......................... ................................................................. 530,697,417 3,753,962 62,672,292 38,336,248 45.688,908 54,618,180 132,528,006
Cost of sales and operations .............................................................. 408,884,991 2,480,536 32,676,126 24,294,418 32,640,441 41,085,951 106,473,551
Taxes paid................................................................................................. 11,547,762 114,824 1,713,949 1,174,201 1,358,399 1,477,029 2,902,034
Interest paid ............................................................................................... 5,052,958 68,011 296,060 281,752 338,875 422,331 1,003,450
Depreciation .............................................................................................. 8,577,186 45,054 852,799 866,916 882,199 946,320 2,02S,677
Pension, profit-sharing, stock bonus, and annuity plans........................... 2,399,941 20,106 149,438 134,567 117,700 244,495 736,510
Employee benefit programs ....................... .............................................. 4,709,470 24,623 441,056 361,033 463,208 516,162 1,289,904
Net income (less deficit) ............................................................................... 7,514,819 -131,680 1,016,685 790,798 578,080 849,403 1,464,105
Income subject to tax ................................................................................... 5,574,173 42,897 214,064 375,350 532,724 530,724 1,233,967
Income tax, total ........................................................................................... 1,654,270 11,857 33,095 64,662 108,345 115,206 381,546
Alternative minimum tax........................ ................................................... 67,459 3 6,549 2,712 31,769
Environmental tax...................................................................................... 2,515 *10 3 1
Foreign tax credit............................... .......................................................... 71,686 2 *212
U.S. possessions tax credit................................................................... 1,141 59
Orphan drug credit........................................................................................
Nonconventional source fuel credit .............................................................. *772
General business credit............................................................................... 22,262 '286 *636 -1,609 3,310 3,674
Prior year minimum tax credit...................................................................... 65,911 *445 .,W -2,462 2,786 23,320
Total income tax after credits 1~ ..................................................................... - 1,492.497 11,409 32,809 63,"l 104,215 109,110 354,341
Footnotes at and of table. See taxt for'EvIanation of Toms' and 'Descrilotion of the SWVIe end Urnitatiort of the Date!

43
 Corpidration Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table 4-Selected Balance Sheet, Income Statement, and Tax Items, by Industrial Division, by Size of Total
Assets-Continued
(All figures are estimates based on samples-money amounts are in thousands of dollars and size of total assets is in whole dollars)
Size of total assets-Continued
$25,000,000 $50.000,000 $100,000,000 $250.000,000
Industrial division and item $5,000.000 $1 0.000,ODO
under under under under under or
$10,000.000 $25,CDO.000 $50,000.000 $100.000,000 $250,000,000. more

(8) (9) (10) (11). , (12) (13)

Mining
676 427 141 107 97 105
Number of returns ............................................................................................. 1 ...........
4,772,425 -.6,587,697 5,038,580 7,609,877 16,339.189 172,249,734
Total assets..................................................................................................................
773,317 991,956 516,134 965,196 1,832,188 15,516,401
Notes and accounts receivable, net ...........................................................................
151,665 271,007 185,535 296,087 609,499 5,435,880
Inventories ..................................................................................................................
Cash, U.S. Government obligations, tax-exempt
808,617 1,071,662 641,158 1,255,051 2,137,212 ~ 8,216,261
securities, and other current assets........................................................................
911,025. 902,223 911,000 1,304,363 3,010,876 73,263,016
Other investments and loans .....................................................................................
3,133,465 4,197,007 2,912,823 4,278,582 8,816,890 76,123,598
Depreciable assets ......................... ..................................... :....................................
2,207,301 2,502,650 1,635,844 2,220,002 4,934,606 3400,26A
Less: Accumulated depreciation ...........................................................................
1,032,677 1,430,432 1,345,127 1,634,625 4,499,634 24,601,434
Other capital assets less reserves ................................ :.....................................
4,772,425 6,587,697 5,038,58D 7,609,877 16,339,189 172,249,734
Total liabilifies.................................... : ...................................................... ...................
1,193,955 1,326,922 638,392 1,006,148 1,688,217 16,073,455
Accounts and notes payable.....................................................................................
374,978 391,505 198,334 322,776 943,440 7,635,908
Other current liabilities ...............i .......................................... ! ....................................
588,829 1,085,646 1,217,216 1,542,592 3,513,743 37,911,477
Mortgages, notes, and bonds payable in one year or more ......................................
2,129,149 3,328,007 2,325,946 4,089,769 8,412,870 88,141,592
Net worth......................... .............. _ .............................. .................... :....................
3,655,885 5,880,486 3,322,799 4,696,983 10,754,637 69,148.526
Total receipts....................................
3,110,935 5,439,235 3,069,059 4,195,165 9,758,808 63,16S,904
Business receipts ............ : ...............................
......... :................ W........................
............
3,552,557' 5,717,019 3,298,506 4,561,024 10,478,125 67,632,082
Total deductions .................................................... : ...........b ..................... ..........
............... 1,572,594 3,373,173 1,954,627 2,824,249 6,817,790 44,014,706
Cost of sales and operations..................................................................
....................... 148,741 203,119 137,818 128,316 391,538 1,647,575
Taxes paid.......................................... W ............................. .............. :.... I ........................
'.. 104,810 147,288 338,211 3,666,201
Interest paid................. : .............................................. !...... ................ 85,659 132,665
217,997 334,950 191,243 254,246 552,261 .3,870,294
Depreciation................................................................................................................
18,753 17,524 9,060 15,041 41,315 3D9,558
Pension..profit-shafing, stock bonus, and annuity plans...........................................
42,069 74,169 M685 52,633 130,173 882,688.
Employee benefit programs..................................... : .................................................
99,268 158,120 22,702 132,078 276,389 1,668,020-
Net income (less deficit) ................................. ......................................... ; : ...........
60,083 157,592 149,485 99,567 333,270 2,438,434
Income subject to tax...........~..: ......................................................................................
24,598 60,618 53,897 44,740 134,533 975,992
Income tax, total ............................................................................................................
4,625 5,113 2,851 10,737 18,793 118,816
Alternative minimum tax .................................. E.........................................................
*35 108 105 238 678 4,582
Environmental tax ....................... ................................................ ............................
*16 *7,051 3,537 26,845 488,814
Foreign tax credit ........................................................................................
U.S. possessions tax credit..........................................................................................
Orphan drug credit .................................................... ........................................... .......
-1,549 '6" 1,621 4,190 4,333
Nonconventional source fuel credit i ............................. :........................................
*689 *3,083 *11,141 718 2,867 2,849
General business credit........................................... : ........... :: .......................................
*612 2,296 -2,705 3,230 7,632 36,229
Prior year minimum tax credit.............................................. .....................................
21,732 47,543 48,430 33,064 .92,856- 438,597
Total income tax after credits I................................................................... . ......

Construction
3,620 1,492 351 157 63 42
Number of returns. ................................................................................... ..............
24,899,900 22,261,230 11,879,016 10,996,966 10,034,375 49,122,063
Total assets.................... :............................ ...................................... :..........................
8,696,719 7,416,815 4,049,944 3,366,099 3,133,932 7,153,900
Notes and accounts receivable, net ................................................................ 1 ...........
2,445,532 1,314,635 931,177, 1,300,223 4,944,343
Inventories .................................. ...............................................................................
Cash; U.S. Government obligations* * tax-exempt
6,766,132 5,336,577 2,605,677 2,365,957 2,448,443 7,571,559
securities, and other current assets ........................ .....................................
1,688,758 2,140,021 1,325,601 1,283,164 1,162,754. 20,192,762
Other investments and loans .......... ..............4
i ..........................................
9,436,054 9,868,416 4,733,152 4,727,483 2,800,372 10,919,316
Depreciable assets ............................................... ; ............................. ......................
6,001,425 6,278,899 2,916,761 2,553,911 1,681,947 4,978,025
Less: Accumulated depreciation- ......... .............. : ... :............r ............ ............
580,593 906,825 463,314* 584,725 4811,013 1,318,966
Other capital assets less reserves................. :.................~.W ..........................
22,261,230 11,879,016 10,996,966 10,034,375 49,122,063
Total liabilities ......................... ........................... ......................................... 24,899,900
8,680,826 7,560,931 3,967,542 3,216,372 3,514,556 10,792,902
Accounts and notes payable..... ........... ........... I .........................
4,229,547 3,086,602 1,451,875 1,532,049 1,810,537 5,630,972
Other current liabilities .................................................... W .............. I ........... ................
2,311,031 .2,780.907 1,801,941 1,733,823 1,893,091 9,463,731
Mortgages, notes, and bonds payable in one year or more .................. :.~.:...............
8,147,459. 7,531,162 3,991,652 3,775,736 2,085,588 17,672,561
Net worth ...................... .............................................................................................
54,569,289 44,911,255 22,788,432 18,828,865 17,508,432 47,468,184
Total receipts................... ' ............
53,983,958 44,186,883 22,367,659 18,316,288 17,107,162 44,021,495
* ** .......... * .....................................
Business receipts ...............*-q ............................ : ..............................
***"*** *.......... -
... ......................................... 53,612,878 44,255,650 22,526,709 18,549,151 17,553,236 4602,1197
Total deductions............................
38,110,411 19,353,058 15,764,439 15,193,584 34,817,951
Cost of sales and operations .................... I......................... ......................................... 45,994,526
907,817 657,758 325,030 215,378 206,308 495,034
Taxes paid..................... .................................................. : ............................. ...........
336,120 313,182 215,500 172,546 244,630 1,360,500
Interest paid.................... .........................................................................................
750,696 734,692 361,599 .362,236 .214,326:. 534,672
Depreciation................... ................................................ ...............
328,808 217,554 87,560 66,813 39,807 256,583
Pension, profit-sharing, stock bonus, and annuity plans. .................... ................... V.
363,161 359,900 196,241 106,526 105,157 482,500
Employee benefit programs ............................................................ : ..........................
g41,960 632,591 259,765 267,050 -42,883 888,945
Net income (less deficit) ...............: .......................... : ........................... I :
568,812 377,528 188,225 232,681 205,372 1,071,829
Income subject to tax ......................................................... ..........................................
193,451 131,280 68,700 82,295 72,990 390,843
Income tax, totajl..~ i: .............................................................................................
Alternative minimum tax..................................................................... ....................... 4,126 2,348 3,949 1,977 1.340 12,686
*38 63 214 260 245 1,682
Environmental tax......................................................................................................
*274 *414 916 1,287 68,580,
Foreign tax credit ..........................................................................................................
1,082
U.S. possessions tax credit .........................................................................................
Orphan drug credit................................................................ 7 ... ...................................
*14 *592 166
Nonconventional source fuel credit ..................... t ..........................: ................
*574 1,772 -1,972 267 512, 7,650
General business creclit- ....................................................................................
8,326 3,638 16,433
. 2,031
Prior year minimum tax credit ............ .......................... .......................................... 2,019 3,866,
'63,201 1 78,927 1 67,324 298,179
Total income tax after credits 2......................................................................... ... . ........ 184,537 125,004
Footnote$ at od of table. See text for eEnUnation of Tennse and Tevxiption at the Sanple and Limitation of the Date.0

44
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 4-Selected Balance Sheet, Income Statement, and Tax Items, by Industrial Division, by Size of Total
Assets
[All figures are estimates based an samples-money amounts are in thousands of dollars and size of total assets is in whole dollars]

Size of total assets

Industrial division and item Total returns of $11 $100,000 $250,000 $500.000 $1,000,000
active corporations Zero assets under under under under under
$100,000 $250,000 $500,000 $1,000,000 $5,000,000
0 13) (4) (6)
Manufacturing
Number of returns...................... ...................: ............................................. 307,419 12,600 116,717 45,993 37,500 31,197 43,086
Total assets ................. I .................................................. 4,22S, I 34,39S 3,879,799 7,564,665 13,S80,696 22,328,340 95,667,262
* ................. not
Notes and accounts receivable, - .........................................................
* ** 900,2116,02 847,729 1,933,092 3,651,737 6,054,444 24,898,272
Inventories ................................................ : ................................................ 377,241,078 658,90S 1,267,641 2,514,370 4,766,387 22,207,748
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ....................................................... 379,079,017 795,679 1,397,086 2,180,581 3,634,944 13,026,227
Other investments and loans..................................................................... 1,026,933,868 279,180 537,167 837,329 1,128,498 4,998,901
Depreciable assets ........... I ........ I ............................................. 1,880,260,507 4,460,764 6,451,310 11,341,663 17,118,799 67,180,898
Less: Accumulated depreciation............ : .............................................. 967,630,024 3,344,677 4,414,845 7,695,464 11,392,216 41,668,432
Other capital assets less reserves ............................................................ 304,091,570 108,904 231,683 502,949 700,466 3,229,475
Total liabilities............................................................................................... 4,225,134,395 3,879,799 7,564,665 13,580,696 22,328,340 95,667,262
Accounts and notes payable ..................................................................... 844,506,576 1,445,940 2,064,572 4,228,520 5,935,543 27,325,050
Other current liabilities .......................... : ................................................... 385,593,919 966,503. 735,466 1,211,778 1,753,555 8,805,561
Mortgages, notes, and bonds payable in one year or more...................... 864,109,659 1,045,725 11,011,873 2,627,537 4,348,110 15,782,680
Not worth ................................................................................................... 1,440,728,404 .2,138,810 1,410,612 3,031,965 7.755,343 35,375,521
Total receipts ................................................................................................ 3,890,747,271 20,668,061 19,393,682 24,323,901 36,327,849 S6.021,960 210,365,715
Business receipts.................................................................................. t 3,652,017,915 19,233,543 19,120,574 24,047,298 35,936,524 55,425,788 207,789,601
Total deductions........................................................................................... 3,741,592,660 20,470,072 19,775,029 24,090,313 36,139,662 55,175,165 206,015,130
Cost'of sales and operations...................................................................... 2,483,308,485 13,332,759 9,546,594 13,796,665 22,073,895 36,074,946 143,343,511
Taxes paid .................................................................................................. 98,370,952 404,051 650,303 833,067 1,161,679 1,671,241 5,323,659
Interest paid ....................................................... - : ................................ 118,233,685 593,468 171,850 221,489 414,546 621,449 2,401,574
Depreciation ............................................................................ : ................. 132,903,919 595,438- 400,127 611,798 945,539 1,341,853 4,999,542
Pension, profit-sharing, stock bonus, and annuity plans........................... 28,299,557 64,818 84,447 82,501 127,333 251,370 914,270
Employee benefit programs...................................................................... 73,113,534 275,075. 162,189 259,821 429,978 666,547 2,858,180
Net income oess deficit)............................................................................... 173,219,957 196,076. -381,347 232,622 187,210 844,975 4,334,885
Income subject to tax................................................................................... 173,882,249 1,028,778 194,193 204,468 430,075 771,166 3,026,984
Income tax, total ........................................................................................... 61,912,971 363,167 36,991 34,321 85,139 182,744 957,569
Alternative minimum tax............................................................................ 1,398,580 6,770 *29 -1,159 *19 4,151 25,370
Environmental tax........................ !............................................................. 224,307 351 36 '22 - *15 51
Foreign tax credit ......................................................................................... 16,344,9t6 '82 - *11 - 701
U.S. possessions tax credit ......................................................................... 4,568,91J2 259,167 1,479 25 22 -1,279 16,709
Orphan drug credit........................................................................................ 20,486 -
Nonconventional source fuel credit ............................................................. 368,357
General business credit............................................................................... 1,573,053 2,692 -*730 -1,651 2,854 7,284 26,009
Prior year minimum tax credit ...................................................................... 966,332 *2,479 - -1,350 *632 8,680
Total income tax after credits 2 .................................................................... 38,070,925 98,746 34,782 32,645 80,902 173,549 905,470

Transportation and Public Utilities

Number of returns ........................................................................................ 175,980 12,393 90,757 26,042 17,601 12,161 12,555
Total assets .................................................................................................. 1,770,691,651 2,779,128 4,139,201 6,118,590 8,563,165 26,511,288
Notes and accounts receivable, not.......................................................... 191,376,050 344,648 669,438 1,293,993 1,994,196 5,576,598
Inventories................................................................................................. . 28,035,020 35,584 40,632 180,069 184,381 708,197
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ....................................................... 119,862,531 711,008 797,844 1,307,567 1,558,596 4,088,031
Other investments and loans ..................................................................... 288,135,633 300,453 382,308 388,133 658,686 2,512,455
Depreciable assets .................................................................................... 1,476,266,844 3,955,349 4,774,376 7,530,114 9,279,361 25,397,412
Less: Accumulated depreciation ........................................................... 565,276,152 2,806,334 3,124,004 5,165,435 5,918,230 14,421,560
Other capital assets less reserves............................................................ 86,914,947 69,584 143,281 270,380 524,259 1,872,144
Total liabilities............................................................................................... 1,770,691,651 2,779,128 4,139,201 6,118,590 8,563,165 26,511,288
Accounts and notes payable ............................................... ..................... 227,757,188 766,629 763,700 1,618,325 2,126,867 6,208,103
Other current liabilities.............................................................................. 138,323,374 246,420 353,761 498,085 672,895 2,365,349
Mortgages, notes, and bonds payable in one year or more...................... 510,987,466 782,849 1,254,580 1,499,136 2,274,837 7,720,498
Net worth ................................................................................................... 579,823,500 -510,643 830,238 1,279,055 2,056,527 6,577,149
Total receipts................................................................................................ 1,037,156,438 4,408,943 25,449,172 12,554,300 17,683,155 22,156,149 51,984,381
Business receipts ...................................................................................... 981,004,201 3,&50,866 25,026,796 12,414,037 17,354,703 21,669,177 50,475,908
Total deductions................. :......................................................................... 984,901,013 4,415,432 25,355,878 12,433,654 17,536,512 21,822,139 51,284,938
Cost of sales and operations..................................................................... 393,351,737 1,861,453 12,715,604 4,245,319 7,394,232 9,339,297 24,459,485
Taxes paid ................................................................................................. 45,346,357 116,671 545,097 514,802 629,123 750,610 1,930,988
Interest paid ............................................................................................... 53,421,303 158,422 142,28S 141,623 226,053 327,256 830,130
Depreciation .............................................................................................. 88,531,032 196,174 471,939 554,937 692,048 981,595 2,405,462
.
Pension, profit-sharing, stock bonus, and annuity plans........................... 7,333,058 10,480 7,201 12,458 22,481 47,324 219,561
Employee benefit programs ...................................................................... 22,878,728 46,023- 124,169 151,508 156,831 264,632 647,816
Not income Oess deficit)................................................................................ 52,885,350 -6,689 93,029 120,328 146,394 332,005 691,965
Income subject to tax .................................................................................. 56,805,017 99,115 110,788 129,696 168,667 252,860 796,092
Income tax, total .......... . ............................................................................... 20,717,373 31,074 19,268 21,900 36,191 58,910 266,740
Alternative minimum tax ............................ .............................................. 948,213 4,648 1 *449 2,069 11,355
Environmental tax ..................................................................................... 94,339 *134 2 *57
Foreign tax credit............................ .............................................................. 343,148 3 *8,099
U.S. possessions tax credit ......................................................................... 82,567 15 717
Orphan drug credit .......................................................................................
Nonconventionall source fuel credit .............................................................. 210,874 (1)
General busines credit.............................................................................. 519,988 -1,505 *105 -4.% -1,386 3,276 4,961
a
Prior year minimum ' tax credit ..................................................................... 657,825 -1,324 *849 *11,1132 -1,551 7,145
Total income tax after credits 1~ ............................................................ 18,902,929 28,246 1 19,162- 20,595 33,674 54,064 235,818
Footnotes at end aftable. See ted for'Explanation afTerms'and'Desalptien ofthe Sample and Untation ofthe Date.'

45
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 4-Selected Balance Sheet, Income Statement, and Tax Items, by Industrial Division, by Size of Total'
Assets-Continued
[All figures are estimates based on samples--money amounts are in thousands of dollars and size of total assets is in whole dollars]
Size of total aisets-Continued
Industrial division and item $5,000.000 $10,000,000 $25,000.000 $50,000,000 $100,000,000 $250.000,000
under under under under under or
$10.000,000 $25.000,000 $50.000,000 $100,000.000 $250.000,000 more'

(9) (10) 1) (12) (13)

(8)
Manufacturing
Number of returns................................................................................................... ...... 8,145 6,201 2,384 1,383 1,041 1,173
56,421,893 96,615,889 83,229,363 97,649,165 162,883,835 3,585,313,488
Total assets..................................................................................................................
Notes and accounts receivable, net ........................................................................... 14,663,106 22,919,506 18,634,056 20,499,028 31,234,657 754,881,293
Inventories .................................................. ............................................................... 13,598,585 21,867,250 17,795,847 19,219,555 27,821,678 245,523,112
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ........................................................................ 7,715,274 12,260,353 10,686,374 12,198,198 19,776.696- 295,407,605
Other investments and loans ..................................................................................... 2,729,580 .6,451,381 5,846,833 8,459,991 18,393,261 977,271,757
Depreciable assets.,.................................................................................................. 34,775,870 58,138,344 48,252,727 53,057,447 81,174,163 1,498,308,532
Less: Accumulated depreciation ........................................................................... 19,954,178 31,984,233 25,057,681 26,311,526 38,819,673 756,987,098
Other capital assets less reserves .......................... .............................................. 1,951,719 4,585,188 4,834,800 7,492,667 15,189,749 265,263,971
Total liabilities ............................................................................................................... 56,4il,893 96,615,889 83,229,363 97,649,165 162,883,835 3,585,313,41iI8
Accounts and notes payable ..................................................................................... 16,361,916 24,418,442 - 19,291,967 19,341,959 28,074,515 696,0116,152
Other current liabilities ................................................ .............................................. 5,411,190 8,583,166 7,576,120 .9,626,994 16,869,865 324,053,722
8,726,416 16,530,761 15,969.9a4 22,156,728 38,122,987 737,346,86.0
Mortgages, notes, and bonds payable in one year or more.......... : .................
Net worth .................................................................................................................... 22,361,820 41,571,531 35,466,433 40,889,162 66,465,759 1,188,539,069
Total receipts....................................................................................... .............. 115,782,843 175,170,938 136,151,980 146,383,306 209,954,560 2,740,202,477
114,591,080 172,856,441 133,532,729 143,532,395 204,163,587 2,521,788,i.67
Business receipts ......................................................................................................
Total deductions ........................................................................................................... 112,732,784 168,917,076 130,987,926 141,356,538 200,120,471 2,625,812,495
Cost of sales and operations ..................................................................................... 82,098,615 124,356,195 95,325,033 102,710,553 139,970,998 1,700,678,720
Taxes paid .................................................................................................................. 2,503,313 .3,553,316 2,535,852 2,792,851 3,949,345 72,992,375
Interest paid ............................................................................................. :................. 1,380,125 2,211,059 2,009,584 2,557,194 4,557,293 101.,094,053
Depreciation ............................................................................................................... 2,467,957 4,274,611 3,649,779 4,094,846 6,188,179 103,334,250
Pension, profit-sharing, stock bonus, and annuity plans.......................... ................ 480,421 769,541 687,741 631,680 1,064,223 23,11 41,2112
Employee benefit programs........................................................................................ 1,560,182 2.431,523 2,035,321 2,151,612 3,615,704. 56,667;402
Net income gess deficit) ........................................................................................... ! 3,027,025 6,225,999 5,156,394 5,037,645 10,044,842 138,319,631
Income subject to tax ............................................... :.......................... :......................... 2,144,231 4,149,143 3,977,766 4,839,127 10,221,125 142,865,193
Income tax, total .............. ............................................................................................. 7i3,571 1,453,516 1,394,499 1,730,400 3,640,652 51,290,405
Alternative minimum tax : .................................................................................. 21,015, 36,885 35,837 63,649 79,163 1,124,532
235 1,903 3,341 5,342 10,545 202,466
Environmental tax .................................................. :...................................................
Foreign tax credit .......................................................................................................... 1,717 11,919 26,835 54,108 192,727 16~056,816
U.S. possessions tax credit ........................................................................ ................. 19,727 118,237 129,227 174,440 831,405 3,017,186
199 - 20,287
Orphan drug credit......................
Nonconventional source fuel credit * ............
*.................
: .................................................................
......*** ............. * ** ............. 6 *20 797 1,696 365,837
General business credit ................................................................................................ '21,453 31,620 30,814 39,062 67,011 1,341,872
Prior year minimum tax credit.............. ........................................................................ 14,844 25,744 19,890 24,009 47,323 821,360
Total income tax after credits 2.. .................................................................................... .05,830 1,265,989 1,187,713 1 1,437,784 2,500,490 29,667,026

transportation and Public Utilities

Number of returns .......................: ............................................................................. 1,926 1,222 459 258 222 383
Total assets ........................ ................. ..................... ............................................ 13,412,192 18,932,456 16,079,709 18,113,444 ~5,559,658 1,620,482,820
Notes and accounts receivable, net ............................ : .............................................. 2,718,586 3,364,833 2,838,704 2,775,600 4,751,148 165,048 307
Inventories......................................................................................... :,** ..................... 365,438 296,201 354,489 406,099 446,106 25,017,825
Cash, U.S. Government obligations, tax-exempt
2,172,149 2,764,039 2,138,555 2,401,535 4,141,150 97,782,055
securities, and.other current assets............................... ........................................
Other investments and loans ..................................................................................... 1,161,620 1,795,273 1,581,762 1,825,476 2,853,034 274,676,431
Depreciable assets .................................................................................................... 11,555,958 15,813,918 12,660,246 13,313,806 26,066,326 1,345,919,975
6,018,572 7,406,722 5,698,599 5,827,781 1 0,374,959 498,513,958
Less: Accumulated depreciation...........................................................................
Other capital assets less reserves............... ................................................... 1,083,031 1,472,096 11498,727 2,481,821 '
5,481,117 72,618,508
Total liabilities ............................................................................................................... 13,412,192 18,932,456 16,079,709 18,113,444 35,559,658 1,620,482,820
Accounts and notes payable.. 3,110,530 4,048,283 3,745,515 3,538,834 5,371,273 196,459,130
Other current liabilities................................................................ ***I .........................................
. . ... ............. 1,289,409 1,985,348 1,299,972 1,804,910 4,291,072 123,516,153
Mortgages, notes, and bonds payable in one year or more ...................................... ' 4,111,182 6,876,707 5,819,334 7,075,140 14,717,769 458,855,434
Net worth......................................................................................................... ......... 3,205,565 4,313,227 3,388,916 3,673,359 6,674,960 548,335,149
Total receipts .................................................................................................... I........... 21,492,805 26,388,673 20,654,361 16,399,356 30,516,875 787,468,275
20,917,426 25,632,797 19,433,573 15,503,302 28,933,215 739,792,402
Business receipts......................................................................................................
Total deductions .......................................................................................... : 21,048,749 25,912,448 20,133,168 15,922,785 29,524,147 7~9,5111,1641
*-
Cost of sales and operations ..................................................................................... 10,613,354 12,540,895 9,845,374 6,573,866 12,220,490 281,542,368
731,635 825,281 655,660 560,412 11,08~,423 37,003,655
Taxes paid ................................................. : ................................................................
Interest paid............................ 418,623 613,365 613,885 720,192 1,483,269 47,746,262
...........--- ..........
Depreciation...................................... I ............................................................ :...........
*.................................... 998,952 1,207,884 1,100,514 1,001,299 1,996,141 76,924,088
102,709 81,037 85,521 65,342 124,170 6,554,774
Pension, profit-sharing, stock bonus, and annuity plans............................................
Employee benefit programs ................................................. 1 333,957 486,165 344,660 289,894 590,443 19,443,231
Net income (less deficit)...............................................................................................
*.................. * .. ........ 438,529 475,199 556,745 471,006 998,633 48,568,207
Income subject to tax..................... !.............................................................................. 419,662 584,132 568,309 640,716 1,433,957 51,581,024
150,036 211,005 205,848 230,913 520,005 18,975;483
Income tax, total .................................................................................. ...........................
Alternative minimum tax ......................................................................................... 9,188 12,724 11,223 10,529 21,39i 864,634
Environmental tax.................................. ............................................ ....................... ~86 307 661, 856 2,046 90,187
Foreign tax credit ........................ I.......................................................................... *832 -2,635 *290 1,819 '10,187 319,284
541 - 81,294
U.S. possessions tax credit................................. ............................... ; ..................
Orphan drug credit........................................................................................................
- 1 1,093 720 209,060
Nonconventional source fuel credit..................................................... : ...........:.............
General business credit................................................................................................ 2320 1 4896 2,678 7,512 469,782
Prior year minimum tax credit ............................................................. :......................... 1518 4:844 41 :817
'1' 3405 1 i,279 618,961
Total income tax after credits 2...................................................................................... 1 145,365 198,089 199,629 , 221,919 489,308 17,257,061
Footnotes at end of table. See led for 'Explanattion of Ternisa and *Description of the Sainple and Unitation of the Data.'

46
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table 4-Selected Balance Sheet, Income Statement, and Tax Items, by Industrial Division, by Size of Total
Assets
(All figures are estimates based on samples--money amounts are in thousands of dollars and size of total assets is in whole dollars)

Size of total assets

Industrial division and item Total returns of $1 $100,000 $250,000 $500,000 $1,000,000
active corporations Zero assets under under under under under
$100.000 $250.000 $5W.000 $1,000,000 $5,000.000
(1) L21 L3) (4) ffi) (8) M
Wholesale and Retail Trade
Number of returns : .............................................................................. 1,072,980 57,997 483,836 204,607 130,058 82,706 90,613
Total assets ........................ 1 ......................................................................... 1,702,833,504 18,264,195 33,470,091 45,990,818 58,201,028 190,150,246
Notes and accounts receivable, net.......................................................... 340,778,306 1,911,211 4,868,036 8,296,854 12,613,171 44,731,208
Inventories ................................................................................................. 449,801,204 5,408,128 11,086,594 15,745,457 19,408,728 75,136,623
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets : ................................................... 283,888,322 3,958,832 5,672,677 7,111,030 9,022,579 23,603,379
Other investments and loans ..................................................................... 187,590,183 932,590 2,201,116 3,195,422 3,509,980 9,331,386
Depreciable assets................. I .............. I ................................................... 551,727,604 14,441,354 18,708,387 22,452,926 25,706,759 69,631,098
Less: Accumulated depreciation ........................................................... 259,986,140 9,736,897 11,700,085 14,083,159 15,648,549 40,775,766
Other capital assets less reserves ........... ................................................ 90,610,389 674,222 1,334,830 2,085,179 2,538,927 6,307,164
Total liabilities............................................................................................... 1,702,833,504 18,264,195 33,470,091 45,990,818 58,201,028 190,150.246
Accounts and notes payable..................................................................... 578,110,738 6,913,031 9,189,836 13,576,480 17,937,397 77,705,573
Other current liabilities..................... : ............................................. .......... 210,474,721 1,601,136 2,392,114 3,099,785 3,890,492 12,700,689
Mortgages, notes, and bonds payable in one year or more ...................... 298,140,122 4,269,175 6,727,799 8,242,980 9,158,457 24,792,861
Net worth ................................................................................................... 448,591,875 -4,641,175 7,000,700 13,424,086 20,328,137 60,056,905
Total'receipts ........... ............................................................................ 3,709,494,745 40,781,122 107,498,289 137,707,856 158,707,185 187,586,108 649,326,191
Business receipts ....................................................................................... 3,623,042,583 39,954,798 106.141,057 136,270,203 157,060,065 185,157,439 641,719,135
Total deductions ........................................................................................... 3,659,764,SI8 41,491,896 108,216,256 136,714,959 157,704,895 ISS,790,719 642,114,908
Cost of sales and operations..................................................................... 2,786,432,3SO 32,653,089 6S,452,643 92,926,869 109,227,228 134,461,838 505,783,393
Taxes paid ........................................ .............................................. 56,018,916 488,731 3,001,324 3,098,351 3,367,632 3,673,983 9,393,372
Interest paid............................................................................................... 46,771,670 362,644 611,039 910,576 1,259,431 1,409,511 4,721,855
Depreciation................................................................. ............................ 50,377,911 316,092 1,256,049 1,599,151 1,743,903 1,961,430 S,530.110
Pension, profit-sharing, stock bonus, and annuity plans ........................... 7,961,007 S8,0SO 180,079 231,294 318,811 444,848 1,359,101
Employee benefit programs ...................................................................... 22,751,327 167,214 397,821 542,609 680,277 866,583 3,116,589
Not income (less deficit)............................................................................... 49,714,808 -711,411 -718,077 991,722 993,387 1,786,202 7,187,030
Income subject to tax ................................................................................... 48,061,933 272,150 448,357 966,475 1,240,352 1,605,170 4,447,123
Income tax, total I.................................................................................. 16,373,907 87,470 69,753 164,281 224,405 339,147 1,284,535
Alternative minimum tax.............................. ............................................. 623,544 1,476 *846 -1,822 *604 1,078 19,906
Environmental tax...................................................................................... 50,128 195 1 6 16 67
Foreign tax credit ...................... : ............................ : ........................... 732,2S7 61 *10 8 *37 *18 *531
U.S. possessions tax credit .............................. .......................................... 22,269 139 24 *564
Orphan drug credit .............................. . ........................... . ...........................
Nonconventional source fuel credit........................... :........................... 57,070 -1,706 '46
General business credit .............................................................................. 280,603 *199 *1,541 2,031 1,710 3,074 10,498
Prior year minimum tax credit ............. i ............................ ........................... 128,958 *736 - *170 *293 -1,224 10,403
Total income tax after credits 2 ........................................ I.............................. 15,152,750 86,335 68,203 162,072 222,365 333,101 1,262,493
-
Finance, Insurance, and Real Estate
Number of returns ........................................................................................ 641,397 46,888 273,799 108,385 71,306 53,629 54,092
Total assets ........... ...................................................................................... 12,831,680,335 8,724,343 17,714,139 25,162,925 38,014,940 112,754,567
Notes and accounts receivable, net .......................................................... 2,767,096,931 511,103 1,285,277 1,773,851 2,963,175 9,290,320
Inventories........................................ : ...................... : ........................... 20,966,238 83,425 499,868 682,721 1,298,106 5,151,294
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets....................................................... 3,365,434,651 3,211,673 5,130,364 5,811,337 6,916,022 20,545,072
Other investments and loans..................................................................... 5,614,119,058 1,582,011 3,253,019 5,249,304 7,253,210 23,127,961
Depreciable assets...................................... ............................................. 423,819,124 6,508,154 9,519,659 13,101,928 19,262,195 51,990,255
Less: Accumulated depreciation .................................. ........................ 147,239,098 4,437,917 4,904,104 5,640,604 6,948,691 17,255,450
Other capital assets less reserves............................................................. 113,152,038 1,016,322 2,393,357 3,927,336 6,009,080 16,744,576
Total liabilities............................................................................................... 12.831,680,335 8,724,343 17,714,139 25,162,925 38,014,940 112,754,567
Accounts and notes payable..................................................................... 1,151,729,477 1,289,119 3,050,669 2,449,246 4,592,958 14,811,065
Other current liabilities..................... . ....................................................... 5,125,846,610 934,818 1,254,057 1,31S,Oll 1,977,422 8,325,670
Mortgages, notes, and bonds payable in one year or more ...................... 897,765,772 1,855,649 4,430,461 7,519,198 12,510,537 39,989,645
Net worth............................................................................................. 3,543,133,206 .2,624,024 3,361,907 8,592,353 7,413,215 26,673,641
Total receipts 11 ................ I ......................................................... 1,940,315,739 65,991,609 28,S61,545 18.111,109 15,117,515 14,587,552 41,477,762
Business receipts........................ ............................................................. 992,334,922 17,476,600 26,975,356 16,351,586 13,509,178 12,589,344 34,766,783
Total deductions........................................................................................... 1,723,335,528 67,161,808 27,755,891 17,382,880 14,337,609 14,241,281 40,247,731
Cost of sales and operations ................................................................. 640,333,700 10,893,564 4,377,514 2,990,870 3,246,588 3,238,287 12,392,878
Taxes paid................................................................................................. 38,286,798 1,052,685 832,404 694,250 638,205 731,528 1,878,917
Interest paid ............................................................................................... 292,846,507 31,010,834 290,820 462,120 390,389 706,113 2,791,133
Depreciation ............................................................................................... 35,969,795 775,530 387,755 339,134 376,116 479,716 1,317,743
Pension, profit-sharing, stock bonus, and annuity plans-........................ 8,280,667 106,820 IS4,289 126,022 112,978 84,072 225,275
Employee benefit programs ...................................................................... 19,038,109 404,386 185,786 164,909 221,736 273,901 346,628
Net income (less deficit)............................................................................... 185,229,845 -1,380,337 804,715 723,953 766,403 326,273 1,141,522
Income subject to tax... ................................................................................ 124,488,693 2,722,474 313,317 602,345 558,392 569,959 1,573,071
Income tax, total .................................................................. ....................... 44,409373 970,913 52,988 138,136 116,525 136,274 478,957
Alternative minimum tax ............................................................................ 1,471:830 12,900 *843 *258 778 1,344 15,264
Environmental bul...................................................................................... 165,076 3,083 6 *172 3 5 252
Foreign tax credit ....................................... .................................................. 4,150,328 *426 *84 .81
-1,872 *25 7,411
U.S. possessions tax credit.......................................................................... 35,568 2,734 (1) 71
Orphan drug credit................. .......................................... .........................
Nonconventional source fuel credit............................................ ................. 25,227 1 *283 *233 *606
General business credit ............................................................................... 421,357 4,685 *90 *16S -2,160 973 3,082
Prior year minimum tax credit...................................................................... 1,053,674 12,694 2 *10 136 156 5,218
Total income tax after credits 2..... ...... ............. .......................................... 38,723,220 950,373 1 52,812 135,805 114,147 134,887 462,568
Footnotes at and of table. See te)d for 'Explanation of Toms' and n0escription of the Sample and Urnkatlon of the Dats,6

47
 Corporation Retums/1993
RETURNS OF ACTWE CORPORATIONS
Table 4-Selected Balance Sheet, Income Statement, and Tax Items, by-industrial Division, by Size of Total
Assets-Continued
[All figures are estimates based an samples-money amounts are in thousands of dollars and size of total assets is in whole dollars]

Size of total assets--Continued ,

Industrial division and item $5,000,000 $10,000.0130 $25,000.000 $50,000 000 $100,000.000 $250.000,000
under under under under * under or
$10,000,000 $25,000.000 $50.000,000 $100.000.000 $250,00D,000 more

(8) (9) (10) AM (12) (13)

Wholesale and Retail Trade
Number of returns..................... ................................................................................... 12,657 6,769 1,858 849 564 - 466
Total assets .............................................................. . .................... .......................... 87,723,205 102,430,057 63,882,692 58,945,335 90,405,150 953,370,687
Notes and accounts receivable, net....................... .......................... 1 ........................ 20,915,319 25,759,568 115,3112,S66 13,620,960 118,990,2i7 173.759,184
Inventories ............................. :..................................................... : .......................... 35,432,265 36,032,275 20,224,626 18,148,392 24,316,313 188,861,802
Cash, U.S. Government obligations, tax-exempt
securities, land other current assets.............. 9,651,069 11,259,829 7,258,429 6,779,810 10,333,156 1189,237,531
~*............ ...................
Other investments and loans..................................................................................... 4,444,741 5,909,270 4,687,815 3,876,683 7,"2,432 142,058,748
Depre~iable assets..................................................................................................... 28,455,925 34,023,082 22,690,753 21,178,803 33,140,926 261,297,591
Less: Accumulated depreciation............................................. .......................... 15,339,956 17,222,092 11,062,107 9,586,305 14,198,151 IOD,633,075
Other capital assets less reserves 2,930,993 4,701,202 3,243,854 3,431,736 6,988.903 56,373,377
Total liabilities............. ............... 87,723,205 102,430,05Z 63,882,692 58,945,335 90,405,150 953,370,687
Accounts and notes payable...........................................
: ........................................
* ................;..............................
:.......... - 40,580,105 45,5511,905. 24,961,191 20,798,507 26,904,283 293,992,430
Other current liabilities ...................................... ..................... .................................. 6,462,544 8,295,413 5,541,890 5,350,526 8,510,407 152,6:2§,825
Moiigages, qotes'~ and Ponds payable in one year or more................................... 10,953,157 13,992,iOO' 10,580,720 10,804,181 17,899,100 180,719,491
Net worth ..................................................... :........................... ............................. 24,890,098 27,613,399, 19,617,326 19,343,609 31,897,567 228,861,223
Total receipts ................................................................... : .......................................... 298,856,540 317,540,373 172,948,227 149,567,792 203,825,007 1,285,160,055
Business receipts .............. ..................................................... ............................. 294,775,177 313,133,488 170,101,389 146,899,456 199,598,631 1,232,231,744
Total deductions.., ............................................................ i ...................... ........... 295,303,187 312,821,615 170,537,423 146,994,116 199,938,220 1,262,136,322
Cost of sales and operations......................................................................... 242,311,51 0' 254,714,676 136,231,767 116,288,496 155,155,984 941,224,856
Taxes paid ............................... .......................... :.................................. ; .............. 3,648,204 4,126,838 2,292,791 2,185,200 2,907,516 17,836,976
Interest paid,......................................................................................... .................... 2,081,859 2,465,607, 1,498,533 1,526,478 2,112,707 27,811,430
Depreciation ................................................................................................................ 2,227,270. 2,898,736, 1,938,527 1,803,828 2,842,948 26,259,868
Pension, proiit-sharing', stock bonus, and annuity plans........................ :................ 476,266 525,355, 329.517 273,246 433,007 3,331,433
Employee benefit programs............................... 1. ........................................ ........... 1,373,644 11,6114,476~ 1,003,921 1,004,666 1,430,2il' 10,553,317
Net income (less deficit) ................................................................. ............ 3,540,116 4,712,615 2,426,607 2,558,112 3,894,695 .23,053,812
Income subject to tax................ : *- * *";,* ........................................................ 1,760,879 2,6116~637 1,951,708 2,128,830 4,019,016 26,605,236
i .
Income tax, total ..................... ........... ............................................. .......................... 597,305 907,869 682,768 747,513 1,421,389 9,847,473
Alternative minimum tax .................................................................... ........................ 14,391 .23,008, 14,713 16,725 23,076 505,897
Environmental tax................................ :
................................................................ 97 778. 1,301 2,248 5,250 .40,169
Foreign tax credit ............................................................................ I............................. -1,985 7,011 18,790 10,304 22,677 670,825
U.S. possessions tax credit.: ................................ ....................................................... 346 961 1,732 808 17,694
Orphan drug credit ................................................................... .............................
Nonconventional source fuel credit...................... ; ......................................... .......... 1 (1) 62 55,246
General business credit .............................................................. ............................. 4,823 6,5791 11,583 6,620 24,710 267,237
Prior year minimum tax credit ..........; .................... ; .......................... ............... ...... 9,0~4 110,8~2 10,947 13,734 14,413 57,130
Total income tax after credits 1~ ................ .......................................................... .......... 581,116 882,427- 639,71i4 716,046 1,359,536 1 8,834,S41
Finance, Insurance, and Real Estate
Number of returns ...............A................................. ........... : ......................... ................... 8,054 6,834 5,16 4,661 4,251 4,335
Total assets ..................................................................................... ;..................... 55,328,532 109,539,496 185,396,885 331,930,376 666,950,748 11,280,163,384
Notes and accounts receivable, net.................. ...... :..~ r .................. : ...................... 5,632.41 21,491,451 50,932,798 94,951,805 148,721,213 2,429,543,495
Inventories......................................................... .............. ......................................... 1,486,748 1,461',479 1,314,781 1,205,065 2,045,089 5,737,663
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ............... ................................................ 11,694,971 28,672,538. 56,166,088 103,638,157 197,613,585 2,926,034,850
Other investments and loans ....................................................................................... 14,189,922 30,665,704 53,491,447 108,650,975 278,736,501 5,087,919,005
.
Depreciable assets ........................................... . ........................................ .............. 20,303,278 24,504,764 18,673,986 18,333,177 29,092,606 212,529,121
.Less: Accumulated depreciation ................... i ................................... 6,320,717 7,694,544 5,755,622 5,946,872 9,026,781 ,73,307.797
Other capital assets less reserves............................................................................... 6,885,304 7,001,979. 6,107,655 5,038,592 7,641,609 50,386,2312
Total liabilities .................. ..................... .......................... 55,328,632 109,539,496 185,396,885 331,930,376 666,950,748 11,280,163,384
Accounts and notes payable .................r ........... ........................................................ 7,048,925 13,051,032 16,593,828 27,139,652 49,758,110 1,01 1,9",874
Other current liabilities ................................................................... ............................. 6,651,425 31,931,225, 85,510,387 169,644,746 295,644,679 4,522,657,171
Mortgages, notes, and bonds payable in one year or more...................................... 16,509,593 21,020,831 18,435,365 16,889,583 33,626,358 724,978,563
Net worth.................. ..................... : ............................................. ................... 14,338,634 28,432,794 48,882,193 99,399,309 252,495,233 3,056,1677,949
Total receipts......................................................................................... I.......... : .......... 18,098,195 26,442,8601 27,692,195 39,453,467 84,469,063 1,560,312,867
Business receipts ................... 1 ........................................* ......................................... 14,295,305 18,300,616, 14,894,408 17,533,257 35,660,704 769,981,787
Total deductions........... a .................................................... ............................ 17,920,756 26589,875 25,606,986 33,686,933 70,789,673 1,367,614,106
Cost of sales and operations .................................. : ..................... .............................. 4,992,695 7,671,105 5,287,570 7,794,232 19,640,995 4S7,807,401
Taxes paid.................................................................................................................. 898,390 1,010,400. 929,280 1,055,097 1,886,490 26,679,11151
Interest paid .................................................................................................................... 1,314,278 2,489,216 4,193,161 7,116,633 12,537,472 229,544,337
Depreciation ......................................... ........................................................ : ............. 608,17i 763,988 810,613 889,837 1,469,639 27,751,547
Pension, profit-sharing, stock bonus, and annuity plans ................... ..................... 86,547 111,236 98,802 I gb'885 362,438 8,621,304
Employee benefit programs ............................................................... .................... 189,123 243,952. 500,255 455,052 1,221,133 14,831,247
Net income (less deficit) ................................................................................... 106,D21 .374,691 1,544,818 4,475,775 10,347,546 166,747,845
.
Income subject to tax ................ ................................. ................................ $ 826,965 1,368,657 2,201,99S 3,705,117 7,148,335 102,898,066
Income tax, total ......................... .................................................. : ............................ 287,464 .475,645. 765,351 1,277,248 2,493,917 31F,21S,964
Alternative minimum tax....................................................................... I..................... 12,703 22,251 21,569 32,503 57,559 1,293,858
Environmental tax..............................I ......................................................................... 161 571 881 1,671 5,500 152,771
Foreign tax credit........................ ......................................................
. ......................... *392 14,685 9,509 45,395 4,068,933
U.S. possessions tax credit............. ................................... ....................... -2,534
1'516 792 1,132 28,303
Orphan drug credit..................... ::........................................... I ...........................
Nonconventional source fuel credit ............................................................................... 4 .90
*571 343 47 23,049
General business credit........................................ :.......................... .................... 332 1,867 3,063 3,009 10,227 391,703
Prior year minimum tax credit ................................................................................ 3,217 4,634. 11,524 15,916 28,564 971,603
Total income tax after'credits .............................................. ..................................... 283,519 '4~3,890 746,624 1 1,247,681 2,408,553 31,732,363
Footmtes M and of table. See text for 'Eiplartation at Tenns' and 'Description of the Sanvie and Untastlon of the Data.,

F ;

48
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 4-Selected Balance Sheet, Income Statement, and Tax Items, by Industrial Division, by Size of Total
Assets
(All figures are estimates based on samples--money amounts are in thousands of dollars and size of total assets is in whole dollars]

Size of total assets

Industrial division and item Total returns of $1 $100.000 $250.000 $500,000 $1,000,000
active corporations Zero assets under under under under under
$100,000 $250,000 $500,000 $1.000,000 $5.ODO.000
Z) L3) (4) L5)
Services
Number of returns.................................................... ................................... 1,157,724 76,839 772,197 155,304 69,915 38,929 35,693
Total assets.................................................................................................. 744,758,261 20,298,934 24,296,069 24,430,584 27,359,898 73,689,846
Notes and accounts receivable, net .......................................................... 119,147,681 2,029,318 3,192,782 4,160,827 5,114,580 15,739,499
Inventories ................................................................................................. 25,066,204 982,409 1,328,557 1,421,127 1,526,490 3,109,207
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets....................................................... 112,524,374 6,580,548 6,505,012 5,570,978 5,807,001 12,310,986
Other investments and loans..................................................................... 166,707,017 2,346,540 3,345,469 2,643,650 2,807,717 7,374,019
Depreciable assets .................................................................................... 365,253,338 25,066,628 21,294,703 20,409,035 20,059,280 50,603,917
Less: Accumulated depreciation ........................................................... 167,993,094 17,991,587 13,446,133 12,309,065 11,219,885 24,357,399
Other capital assets less reserves ............................................................ 66,566,384 728,305 1,192,608 1,693,772 2,255,827 5,950,497
Total liabilities................................. ............................................................. 744,758,261 20,288,934 24,296,069 24,430,584 27,359,898 73,689,846
Accounts and notes payable ..................................................................... 118,215,132 4,686,649 4,045,465 4,721,142 5,271,417 16,308,815
Other current liabilities............................ ...................................... .......... 88,270,664 3,079,300 2,671,062 2,660,923 3,042,373 8,683,620
Mortgages, notes, and bonds payable in one year or more ...................... 200,427,097 4,452,480 4,865,796 5,587,056 6,799,942 21,478,438
Net worth ............ ........................................ _ 236,109,841 -2,383,244 6,820,624 6,901,458 7,897,343
: * .. ... . ........... *"*"*** 17,215,833
Total receipts........................ ....................... ............................................... 941,642,864 14,887,083 136,759,697 79,044,828 64,973,736 57,005,032 133,557,085
Business receipts ...................................................................................... 892,537,156 13,080,246 134,285,804 77,348,611 63,588,805 55,643,442 129,385,704
Total deductions .................................................................................... 916,453,470 15,294,181 132,985,843 77,064,818 63,679,464 55,549,594 130,831,505
Cost of sales and operations..................................................................... 319,675,277 3,768,699 31,977,740 23,932,076 20,712,245 21,688,864 53,087,408
Taxes paid ................................................................................................. 34,186,491 629,731 5,352,277 2,967,964 2,737,804 2,346,878 5,090,110
Interest paid ....................................................... .................................... 22,857,022 557,444 822,931 672,199 755,482 816,923 2,265,408
Depreciation........................................ ..................................................... 36,850,272 556,198 2,373,911 1,908,862 1,657,312 1,689,938 4,203,084
Pension, profit-sharing, stock bonus, and annuity plans ........................... 6,128,183 84,804 1,312,525 644,491 491,875 437,877 645,311
Employee benefit programs...................................................................... 15,312,716 314,487 1,268,591 807,090 821,137 738,558 2,118,908
Net income (less deficit)............................................................................... 25,361,467 -411,140 3,771,428 1,985,455 1,287,540 1,447,671 2,697,965
Income subject to tax................................................................................... 22,328,833 338,412 845,457 727,79S 796,158 704,077 1,722,197
Income tax, total........................................................................................... 7,401,280 114,912 148,896 127,615 171,648 170,782 S",070
Alternative minimum tax........................................................................ 165,891 5,204 -3,066 *957 -1,641 3,044 16,036
Environmental tax...................................................................................... 23,074 406 *11 8 - 95
Foreign tax credit.......................................................................................... 706,223 -4,175 -2,896 -*360 *194 6,334
U.S. possessions tax credit......................................................................... 11,699 74 284 646 *699
Orphan drug credit........................................................................................ - - -
Nonconventional source fuel credit.............................................................. *483 *51
General business credit............................... ............................................ 233,613 -1,292 2,992 3,788 1,682 3,828 20,411
Prior year minimum tax credit...................................................................... 165,177 *614 *118 *11,940 *550 4,716
Total income tax after credits 2..................................................................... 6,284,086 108,832 145,853 120,739 167,383 165,565 511,916
Nature of Business Not Allocable -
Number of returns............................. .......................................................... 16,208 3,473 9,373 1,481 *321 *260 270
Total assets.................................................................................................. 1,670,168 159,587 254,270 '126,460 *163,858 586,735
Notes and accounts receivable, net.......................................................... 119,224 -9,074 '26,102 *32,368 '51,372
Inventories ................................................................................................. 220,228 39,242 '108,550 *33,436 '37,948
Cash, U.S. Government obligations, tax-exempt
securities. and other current assets.................... .................................. 336,977 67,018 '42,208 -4,938 *10,448 130,583
Other investments and loans ..................................................................... 329,843 '11,365 -2,777 -6,171 -2,611 '136,042
Depreciable assets ............ ....................................................................... 631,237 85,592 *55,763 '75,676 '76,641 239,551
Less: Accumulated depreciation ........................................................... 190,923 63,963 '14,338 '14,123 '11,922 83,071
Other capital assets less reserves............................................................ 186,510 '12,360 *27,293 '17,820 '51,356 *61,926
Total liabilities......................................... ..................................................... 1,670,158 159,587 254,270 '126,460 163,858 586,735
Accounts and notes payable ..................................................................... 442,441 91,532 *53,390 '30,730 *26,647 194,561
Other current liabilities .............................................................................. 101,771 13,827 *21,424 -2,691 '16,690 46,670
Mortgages, notes, and bonds payable in one year or more...................... 151,584 -9,627 *50,521 -7,434 '11,170 '70,234
Net worth ................................................................................................... 589,349 -17,683 42,554 '78,673 '52,117 111,869
Total receipts ......................................................................................... 1,676,176 161,692 554,856 *315,705 '57,514 *84,238 485,783
Business receipts...................................................................................... 1,580,518 '150,218 552,155 '310,933 '57,514 -82,914 426,785
Total deductions ........................................................................................... 1,719,574 178,954 548,870 329,244 '57,886 *95,201 486,254
Cost of sales and operations ..................................................................... 893,392 '87,749 282,837 *220,688 '26,033 *20,725 '255,360
Taxes paid................................................................................................. 40,007 692 12,547 4,589 -2,664 -4,417 14,871
Interest paid............................................................................................... 25,438 *775 -5,030 *6,636 *644 *1,767 9,426
Depreciation .............................................................................................. 33,352 *382 6,133 *10,001 -2,162 -3,573 10,395
Pension, profit-sharing, stock bonus, and annuity plans........................... -3,605 -1,180 - *2,282
Employee benefit programs ...................................................................... 8,846 *11,636 *14 -7,067
Net income (less deficit) ............................................................................... -43,516 -17,262 5,986 -13,538 *-372 '-10,963 -590
Income subject to tax ................................................................................. - 27,264 -10,291 '13,138 *202 -1,018 -2,276
Income tax, total ............. ............................................................................. 4,470 -1,517 -2,061 *30 *153 *487
Alternative minimum tax............................................................................ *114
Environmental tax......................................................................................
Foreign tax credit..................................... .................................................... -7 -7
U.S. possessions tax credit ......................................................................... 100
Orphan drug credit........................................................................................
Nonconventional source fuel credit .............................................................
General business credit ............................................................................... *32 '32
Prior year minimum tax credit ...................................................................... -
Total income tax after credits 2 .............................................................. 4,331 -1,517 -2,061 *30 *153 *448
Foolmies at ark! of table. See led for Explanation of Tems and Descriom of the sample and LRra"t=_-oTTFe-5a~Ia.

49
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS, . .
Table 4-Selected Balance Sheet, Income Statement, and Tax Items; by Industrial Division, by Size of Total
Assets-Continued
(All figures are estimates based on samples-money amounts are in thousands at dollars and size of total assets is in whole dollars)
Size of total assets-Continued
Industrial division and item $5,000,000 $10.000.000 $25.000,000 $50.000,000 $100.000.000 $250,000.000
under under under under under or
$10,000,000 $25,000.000 $50,ODO.000 $100,000,000 $250.000,000 more
(8) (9) (10) 0 1) (13)
Services
Number of returns......................................................................................................... ,4,245 2,602 891 495 331 283
Total assets.................................................................................................................. 29,581,274 39,970,495 32,276,207 35,355,183 52,243,053 385,266,718
Notes and accounts receivable, net .......................................................................... 6,392,894 8,781,307 6,142,883 6,574,490 9,800,572 51,218,527
Inventories .................................................................................................................. 1,134,426 1,713,671 1,415,368 856,662 1,626,186 9,952,101
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets 5,432,201 7,499,264 6,431,967 6,366,687 9,431,998 40,587,733
............ ...............
Other investments*and loans ............................... ............................................... 3,292,112 4,119,558 4,337,754 5,108,456 7,120,418, 124,211,323
Depreciable assets.................... : ............................................................................... 19,465,544 22,525,707 15,566,594 16,710,346 25,889,964 127,661,619
Less: Accumulated depreciation ........................................................................... 9,177,734 10,043,584 6,394,845 6,693,251 11,079,084 45,280,527
Other capital assets less reserves ............................... ............................................. 2,160,215 3,308,201 3.025,421 4,055,183 5,471,339 36,725,017
Total liabilities............................................................................................................... 29,581,274 39,970,495 32,276,207 35,355,183 52,243,053 385,266,718
Accounts and notes payable.................................................. .................................. 6,905,565 8,788,085 6,711,495 6,623,361 8,265,735 45,887,405
Other current liabilities ............................................................................................... 3,620,668 5,446,219 5,113,708 4,805,591 5,624,517- 43,522,683
Mortgages, notes, and bonds payable in one year or more...................................... 8,229,807 9,912,161 7,697,453 10,391,439 18,502,042 102,510,483
Net worth ................................................................................................................... 7,381,198 11,016,693 9,334,740 10,030,167 13, 124,758 148,770,266
Total receipts................................ ........................................ :...................................... 40,666,561 54,201,401 39,095,028. 34,803,615 45,399,016 241,249,780
Business receipts ............ :..~ ............... ...............: ................................. 38,713,493 51,874,302 '37,064,573 32,452,285 41,821,597 217,278,296
Total deductions...................................................................................... :..................... 40,201,760 53,517,983 38,885,162 34,061,158 44,176,726 230,205,276
Cost of sales and operations ........................................................... ......................... 15,409,083 21,377,020 15,594,703 11,552,682 15,019,429 85,555,326
Taxes paid..! ........................................................ ...................................................... 1,606,986 2,051,499 1,268,395 1,236,055 1,545,262 7,353,530
Interest paid............................................................................................................... 925,345 1,240,902 864,152 942,783 1,630,225 11,363,229
Depreciation ............... ............................................................................................... 1,601,612 2,095,009 1,419,682 1,643,341 2,501,742 15,199,580
Pension, profit-sharing,. stock bonus, and annuity plans ........................................... 236,578 278,616 162,744 158,4ki 242,092 1,432,819
Employee benefit programs ....................................................................................... 884,917 1,224,826 948,465 715,551 1,060,061 4,410,126
.
Net income (less deficit),: ........................................................... q.................................. 454,399 656,211 19~1,942 729,310 1,209,933 41,332,732
Income subject to tax .......................................................................................... 629,426 1,098,930 915,112 1,177,838 1,840,436 11,532,995
Income tax, total .................................................................................. 216,355 387,540 328,200 420,169 663,281 4,107,812
Alternative minimum tax .................... : .................................... ......................... 5,060 13,313 15,470 14,317 25,087 62,696
Environmental tax ...................................................................................................... 116 568 776 1,360 2,451 17,282
Foreign tax credit.......................................................................................................... 5,038: 18,198 6,825 22,617 34,950 604,6X
U.S. possessions tax credit ......................................................................................... 902 3,114 5,980
Orphan drug credit.......................................................................................................
Nonconventional source fuel credit ................................... ........................................... 424 8
General business credit................ : ............................................................................... 5,779 9,554 4,458 6,50 11,195- 162,038
Prior year minimum tax credit ..........................................E ............................................ 4,595 10,803 4,883 10,670 8,630 117,664.
Total income tax after credits ........................................................................................ 200,041 345,871 1 306,055 379,861 608,506 3,223,466

Nature of Business Not Allocable

Number of returns .............................................................................. :............. . ........... *19 a 3
Total assets .................................. :...........................................o................................... -109,335 *147,951 '121,962
Notes and accounts receivable,,net .................................... *301 5
Inventories : .............. .................................................. i ........................................
........... -1,052
Cash, U.S. Government obligations, tax-exempt
securities, and other current a ssets................................ :..................... *4,674 '77,068 *41
Other investments and loans ......................................................................................
' '48,956 121,921
Depreciable assets.................................................... ............................................... '26,174
Less: Accumulated depreciation........................... ............................................... *101 3,405
Other capital assets le s reserves ........................................ *..................................... '13,474, *2,281
Total liabilities ........................... -109,335 '147,951 '121,962
Accounts and notes ..................
payable.....................................................................................
.......... -3,894 *41,662 24
Other current liabilities ......................................................................... a............ *195 *264 *10
Mortgages, notes, and bonds payable in one year or more............ ......................... -2,597
Net worth....................................................................... ........................................... '101,003 '98,885 1 21,928
.5
Total receipts........................................................... :.......... ~W ........................................ .'10,692 '683 *12
Business receipts ............................................................ --- ......... L.......................
Total deductions................................................................................. : ......................... -1,558 *21 513 *94
Cost of sales and operations .................. : ............................................................ .....
Taxes paid....................... : .......... ................ : .................................... 2 *225 I
Interest paid........................... ................................................................
................... * .................. -1,161
Depreciation. ... ~.............................................................. ................ ............... *396 310
Pension, profit-sharing, stock bonus, and annuity plans ................. 143
Employee benefit programs.................................................. : .................................... 129
Net income (less deficit).,.. , ...................................................................... .......... -9,134 '-15,830 *-82
Income subject to tax ............................................... ........................................... *330 9
Income tax, total...........................................................................: ................................ *113 *108 1
Alternative minimum tax............................ ........................................... *113 2
Environmental tax ................................................. %................. r...................................
Foreign tax credit........................... ..................................................... : ........................
U.S. possessions tax credit......................................................... ................................ 100
Orphan drug credit ........................................................ % ................................ :.............
Nonconventional source fuel credit...............................................................................
General business credit........................................... E....................................................
Prior year minimum tax credit ......................................................................................
Total income tax after credits ~...................................................................................... *113
a shodd be wed with caWon because afthe smil menther sampleretumonwhichit band.
Data were deleted to avold disclosm of Inforination for specific corporation and comWed with data in another sin class.
Less than $500 per retum.
Also inchicles iialified electric vehicle cradit which Is not shown saprandidir.
NOTE: Detail my not add to total because of rounding and the delation of data. See laid for 'Explanation of Terms' and 'Description of the Sample and Limitations of the Dida.'

50
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table 5-Selected Balance Sheet, Income Statement and Tax Items by Industrial Division, by Size of Business
Receipts
(AN figures am estimatas based on samples-money amounts are In thonnnuals of dollars and stre of business receipts Is In whole dollars)

Size of business receipts

Total returns $25,000 $50,000 $100,000 $250,ODO
Industrial division and item of active Under Under under under under under
corporations $100,0002 $25,000- $50,000 $100,000 $250.000 $500.000
(1) (2) (3) (4) (6) (7)
All Industries
Number of returns ................... .................... ............................ 3,964,629 1,620,746 967,652 256,394 396,700 674,798 542,757
Total assets.......................................................................................... 21,815,869,373 267,737,455 199,625,268 25,712,963 42,399,224 96,178,392 123,733,318
Notes and accounts receivable, net.................. .............................. 4,415,256,282 16,835,459 12,342,842 1,634,389 2,858,228 8,383,064 12,313,091
Inventories....................................: ....................... ........................... 947,287,758 8,249,160 4,706,728 1,030,538 2,511,893 7,474,935 13,461,796
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ............................................... 4,340,740,490 45,579,558 31,223,602 5,211,867 9,1 "'089 19,474,197 24,976,533
Other investments and loans ............................................................ 7,411,464,260 74,809,534 58,239,612 6,988,990 9,580,932 21,265,354 26,680,432
Depreciable assets ........................................................................... 4,968,959,443 117,043,033 82,240,302 12,090,282 22,712,"9 56,783,544 73,292,514
Less: Accumulated depreciation ................................................... 2,265,345,826 45,468,299 28,276,378 5,643,957 11,547,964 31,997,778 42,001,224
Other capital assets less reserves ..................................................... 723,890,202 37,783,473 28,906,895 3,320,469 5,556,109 10,688,389 11,313,720
Total liabilities .......... ............................................................................ 21,815,869,373 267,737,455 199,625,268 25,712,963 42,399,224 96,178,392 123,733,318
Accounts and notes payable ........... ........................................... 3,034,725,447 35,387,127 27,378,996 2.705,965 5,302,166 13,492,831 19,601,354
Other current liabilities ..................I ................................................... 5,994,457,055 16,778,255 13,149,880 1.173,863 2,454,512 6,456,030 9,275,142
Mortgages, notes,and bonds payable in one year or more ................. 2,871,045,770 85,150,072 69,379,028 5,572,481 10,198,563 24,192,056 28,523,155
Net worth ......................................................................................... 6,463,939,611 44,549,295 25,321,445 7,246,646 11,981,204 26,496,233 36,844,819
Total receipts .................. ................................................................ 12,269,721,710 57,280,779 16,492,897 10,276,593 30,511,289 116,029,146 198,058,698
Business receipts............................................................................. 10,865,542,520 41,357,705 4,731,458 8,935,342 27,690,906 109,628,837 191,423,363
Total deductions .................................................................................. 11,764,744,057 71,408,248 28,929.861 11,323,119 31,155,268 114,845,791 194,951,256
Cost of sales and operations ............................................................ 7,052,236,546 11,264,434 1,413,340 2,256,969 7,594,125 37,544,563 77,379,615
Taxes paid ........................................................................................ 289,513,615 3,115,186 1,249,925 534,131 1,331,130 4,822,605 7,344,185
Interest paid ..................................................................................... 546,236,159 3,691,199 2,216,850 486,646 987,703 2,548,371 3,247,079
Depreciation ..................................................................................... 363,545,335 3,876,833 1,645,400 727,993 1,503,"0 3,980,874 5,550,815
Pension, profit-sharing, stock bonus, and annuity plans................... 61,073,784 228,173 93,622 36,252 98,299 418,069 990,253
Employee benefit programs.............................................................. 160,120,219 574,401 271,200 90,799 212,403 884,506 1,455,664
Net income (less deficit)....................................................................... 498,159,174 -14,221,472 -12,487,566 -1,062,163 -671,742 1,126,380 3,029,721
Income subject to tax............................................................................ 436,797,939 2,276,481 1,250,825 373,654 652,001 1,825,166 2,459,614
Income tax, total ................................................................................... 154,447,416 547,529 354,552 69,297 123,680 354,423 497,529
Alternative minimum tax.................................................................... 4,863,090 28,486 16,701 755 11,031 5,015 13,232
Environmental tax ............................................................................. 566,361 747 605 '64 '79 .89 78
Foreign tax credit.................................................................................. 22.895,789 12,698 10,414 1,949 4,604 3,041
U.S. possessions tax credit................................................................... 4,722,588 7,199 7,159 11 18 133
Orphan drug credit.............................................................................. 20,486 -
Nonconventional source fuel credit....................................................... 690,593 '937
General business credit ........................................................................ 3,078,073 8,976 7,134 1,124 6,904 6,338
Prior year minimum tax credit................................................................ 3,102,567 15,768 15,583 -2 184 1,379 4,279
Total income tax after creditsA.............................................................. 119,937,278 501,980 313,609 68,230 120,141 341,246 483,499
Agriculture, Forestry, and Fishing
Number of returns ................................................................................ 141,326 68,402 41,429 9,409 17,564 29,933 19,106
Total assets .......................................................................................... 74,646,834 13,956,761 8,289,465 1,847,301 3,819,995 7,829,173 7,495,752
Notes and accounts receivable, net ............................................. 6,994,786 743,410 475,049 102,784 165,577 236,769 305,1158
Inventories........................................................................................ 8,405,157 203,534 66,362 '10,371 i26,801 373,311 468,679
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ............................................... 8,583,662 1,608,252 935,296 248,711 424,245 943,236 787,694
Other Investments and loans ............................................................ 8,790,419 1,856,344 1,365,398 155,745 335,201 802,954 863,591
Depreciable assets ........................................................................... 57,575,528 8,138,813 4.377,395 1,013,015 2,748,402 7,057,640 6,921,582
Less: Accumulated depreciation ................................................... 35,742,442 5,044,412 2,598,129 648,470 1,797,813 4,980,040 4,476,924
Other capital assets less reserves..................................................... 17,568,469 5,772,189 3,272,434 863,606 1,636,148 3,011,765 2,260,8821
Total liabilities ....................................................................................... 74,646,834 13,956,761 8,289,465 1,847,301 3,819,995 7,829,173 7,495,752
Accounts and notes payable ............................................................. 14,769,564 1,284,909 647,858 162,376 474,675 980,033 874,383
Other current liabilities ................................ 3,"9,744 347,139 240,181 11,038 95,921 367,898 159,275
: ..... .... ..... * .......... -*
Mortgages, notes,and bonds payable In one year or more ................. 17,460,756 2,693,800 1,685,494 304,144 704,162 1,989,799 1,870,148
Net worth ......................................................................................... 27,698,859 5,646,286 3,120,001 839,165 1,687,121 3,008,251 3,445,880
Total receipts ........................................... .. ......................................... 98,301,076 3,729,008 1,495,827 520,402 1,712,778 5,505,033 7,269,202
Business receipts............................. ............................................... 92,071,144 1,824,928 196,111 356,419 1,272,398 4,707,372 6,610,456
Total deductions ................................................................................... 96,656,629 4,164,332 1,864,588 594,608 1,705,136 5,331,339 7,021,186
Cost of sales and operations ............................................................ 53,240,017 286,556 35,637 67,319 183,600 814,50 1,499,898
Taxes paid ........................................................................................ 2,414,203 248,939 125,667 44,167 79,105 236,626 269,468
Interest paid ..................................................................................... 2,233,054 298,363 152,317 42,688 103,358 251,058 231,331
Depreciation ..................................................................................... 4,156,470 486,992 230,882 70,089 186,021 466,517 541,628
Pension, profft-sharing, stock bonus, and annuity plans................... 205,540 2,478 -1,242 4,297 8,736
Employee benefit programs............................................................ 878,596 42,344 21,525 6,041 14,777 50,186 67,777
Net income (less deficit)................................................................. 1,647,725 .443,815 -375,241 -74,993 6,419 170,588 246,624
Income subject to tax..................................................... ...................... 2,175,063 309,195 207,933 43,926 57,335 189,760 244,166
Income tax, total............................................................ ...................... 613,080 68,410 50,776 7,897 9,737 35,324 49,009
Alternative minimum tax.................................................................... 20,926 460
Environmental tax............................................................................. 1.1" -8 25
Foreign tax credit.......................... ....................................................... 20,925 '22 -2 '20
U, S. possessions tax credit .................................................................. 342
Orphan drug credit ...............................................................................
Nonconventional source fuel credit....................................................... 245
General business credit ......................................................................... 14,663 1,905 1,677 *710 1,698
Prior year minimum tax credit............................... ................................ 8,299 -1,825 -1,825 -
Total income tax after credits.! ........................................................ 568,605 64,658 47,272 7,877 9,508 34,613 46,739
Footnote$ at end of table. See text for -Explanation of Terms' and -Description of the Sample and Limitation of the Data.'

51
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table 5-Selected Balance Sheet, Income Statement and Tax Items by Industrial Division, by Size of.Business
Receipts-Continued
(AM figures ans estimates based on satriples-moM amounts am in ftusands of dollars and sin of business mcelpts is In whole dollars)

Size of business receipts

$500,000 $1,000,000 $2.500.000 $5.000.000 $10,000,000 W.000.000
Industrial division and item $1, under $2, under S5. under $10. under $50, under 0
000.000 500,000 000,000 000,000 000,000 more

(10) 0 1) (12) (13)

. All Industries - -
Number of returns................................................................ : .................... 439,279 360,956 151,036 83,846 74,132 17,080
Total assets............................................................................................... 182,562,233 379,748,555 479,180,314 691,011,483 2,089,434,278 17,506.283,3~5
Notes and accounts receivable, net ..................................................... 26.765,620 74,672,270 115,160,314 180,652,419 409,OD3,802 3,571,470,2"
Inventories ............................................................................................ 21,143,034 40,220,190 41,189,245 49,927,207 136,534,420 629,067.771
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets..,............................................... 37,742,653 84,128,588 117,418,633 172,264,712 521,250,457 3,317,905,158
Other Investments and loans................................................................ 35,524,347 86,111,948 123,361,727 200,736,244 760,499,130 6,082,475,548
Depreciable assets................................. 1 ..................... : ....................... 99,208,334 162,985,764 133,898,319 145,636,492 337,856,292 3,842,255,149
Less: Accumulated depreciation .................. ; ........................... 57,349,311 94,727,580 74,201,822 78.414,961 168,346,199 1,672,838,652
Other capital assets less reserves ......................................................... 14,415,114 18,088,217 15,075,456 1 S.W9,484 51.603= 549,082,828
Total liabilities........................................................................................... 182,562,233 379,748,555 479,180,314 691,011,483 2,089,434,278 17,506,283.345
Accounts and notes payable................................................................. 34,483,402 69,588,483 78,931,464 104,473,926 308,068,288 2,370,698,571
Other current liabilities.......................................................................... 19,536,341 66,912,986 130,076,719 233,681,388 551,236.266 4,960,56,928,
Mortgages,notes,and bonds payable in one year or more ..................... 39,946,541 66,012,757 51,544,136 62,136,433 172,162,9W 2,341,377,718
Net worth ........................................................................ .................... 60,075,661 139,479,638 187,129,272 263,959,050 963,076,461 4,742,329,181
Total receipts ............................................................................................ 317,837,244 568,864,294 532,554,9V 593,630,974 1,525,076,583 8,360,389,070
Business receipts ................................................................................. 308,931,958 550,360,013 508,289,498 557,330,634 1,408,246,808 7,189,973,705
Total deductions ..................................... ................................... ............. 313,474,308 559,160,966 520,886,212 575,992,794 1,463,398,665 7,956,625,818
Cost of sales and operations............................................. .................. 150,930,994 308,975,109 326,078,850 374,357,370 1,027,866,499 4,737,839,112
Taxes paid ......................................... : .................................................. 10,730,737 17.151,193 13,371,949 13,630,355 28,032,563 191,314,841
Interest paid ........................................... ............................................... 4,840,788 9,583,198 10,306,894 i 4,294,169 40,287,802 457,436,661
Depreciation ......................................................................................... 7,761,002 12,543,355 10,332145 11,214,811 26,113,146 282,172,354
Pension, profit-sharing, stock bonus, and annuity plans....................... 1,386,996 2,341,701 2,212,779 2,269,048 4,875,iO7 46,351,059
Employee benefit programs.................................................................. 2,782,524 5,149,540 5,048,710 5,494,301 13,'777,i~9 124,953,413
Net Income (less deficit)........................................................................... 4,216,939 9,113,188 10,447,159 16,380,OD4 52,776,933 415,290,323
Income subject to tax................... :7.:............................................. 4,116,828 7,212,942 7,416,596 10,618,502 28,233,544 372,638,267
Income tax, total ........................... ...................................... .................................. 880,803 1,830,786 2,220,320 3,526,148 9,818,243 134,7711,63~
Alternative minimum tax........................................................................ 19,079 48,217 59,349 106,515 286,152 4,297,045
Environmental tax................................................................................. 105 293 581 2,460 16,101 545,906
Foreign tax credit...................................................................................... 9,168 4,966 8,517 323,839 164,392 22,364,563
U.S. possessions tax credit ............................................................ .290 2,976 10,121 28,499 295,952 4,377,429
Orphan drug credit .................................................................................. 20,486
Nonconventional source fuel credit........................................................... -5,559 -3,150 8,858 870,224
General business credit ........................................................................... 10,193 33,57i 32,823 45,884 129,935 2,803,445
Prior year minimum tax credit.................................................................... 3,782 19,686 32,554 51,010 148,305 2,825,805
Total Income tax after creditsA .................................................................. 856,971 1,764,023 2,133,156 3,075,960 9,070,803 101,709,641
Agriculture, Forestry, end Fishing
Number of returns .......................................................... : .......................... 10,603 7,184 3,742 1,492 712 153
Total assets ............................................................................................... 6,737,542 7,469,110 5,577,893 4,919,519 8,097,912 12,563,173
Notes and accounts receivable, not..................................................... 462,662 554,036 710,995 765,639 1,272,687 1,9Q,729
Inventories............................................................................................ 655,025 952,172 800,488 807,707 1,372,550 2,771,691
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ................................................... 831,679 1,043,523 592,540 632,615 900,884 1,243,239
Other Investments and loans .............. 831,473 871,191 489,040 423,310 996,879 1,655,632
: ** * -* ..................... *
Depreciable assets ............................................................................... 6,451,478 7,194,438 5,100,491 3,972,915 4,793,572 7,9",600
Less: Accumulated depreciation....................................................... 4,432,338 4,664,752 3,131,9M 2,363,901 2,498,600 4,149,566
Other capital assets less reserves.,........................... :........................... 1,679,971 1,328,781 923,410 584,055 1,087,7~4 919,662
Total liabilities ........................................................................................... 6,737,542 7,469,110 5,M,893 4,919,519 8,097,912 12,593,173
Accounts and notes payable ................................................................. 1,254,873 1,940,017 1,395,208 1,787,410 2,288,302 2,964,429
Other current liabilities .......................................................................... 135,067 285,748 227,082 316,367 781,026 830,2DO
Mortgages, notes,and bonds payable in one year or more ..................... 1,982,352 2,275,688 1,536,063 839,030 2,013,372 2,260,504
Net worth ......................................................................................... 2,436,543 2,180,250 1,530,272 1,736,114 2,416,312 5,298,950
Total receipts................................................................... 8,285,1 iO 11,333,885 13,240,595 10,943,282 14,600,468 23,394,422
Business receipts...................................... 7,733,490 10,894,441 12,857,345 10,453,400 14,156,062 22,&13,650
Total deductions ................. : ............... 8,080,154 11,216,595 13,024,253 10,728,965 14,448,182 22,641,6.2.2
~***** * *-* ................. .....
Cost of sales and operations I............ I I............................................. 3,034,138 5,029,651 7,811,414 6,899,057 10,593,299
Taxes paid ................. . ......................................................................... 275,336 344,518 315,336 194,301 222,483 367.196
Interest paid ................ ......................................................................... 231,684 319,872 193,635 150,093 248,791 308,227
Depreciation...................... ............ : "7,949 547,671 442,366 306,622 368,206 548,519
Pension, profit-sharing, stock .................
bonus, and * .....................
annuity plans.......................
**"* *'* 13,127 22,203 18,630 29,717 36,249 70,M*
Employee benefit programs.................................................. ; ............... 65,103 112,611 107,736 96,133 71,277 265,4.28.
Net income (less deficit) ....................................................................... : 201,755 114,370 212,675 213,793 152,906* 778 835
Income subject to tax ...................................................... ......................... 1 ~9,238 186,910 104,070 116,103 171,831 693,790
Income tax, total...........................................q ............ .............................. 38,481 45,233 29,310 36,366 61,587 .249,360
Alternative minimum tax ........................................................................ '1,827 2,439 903 4,031 8,038
Environmental tax ............................................ : ..................................... -7 '20 '23 .6 108 947
Foreign tax credit ............ ......................................................................... .1
U.S. possessions tax credit........................................... ....................... : 5 338
Orphan drug credit ..................................................................................
Nonconventional source fuel credit........................................................... 40 205
General business credit............................................. * .............................. 862 -1.324 -1,126 -1,738 1,158 4,142
Prior year minimum tax credit ................................................. *1 04 '318 4,,~2q
Total Income tax after creditsA .............................. . .. ....... 37,613 1 42,969 1 27,694 34,524 60,059 2119,737
Footnote. at end of table. See te;d fWExplaftt" of Tatman and 'Description of the Sample and Undration of the Data.0

52
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 5-Selected Balance Sheet, Income Statement and Tax Items by Industrial Division, by Size of Business
Receipts
(AN ftfisees am estimates based on samples-voney announts am In thousands of dollark and sin of business receipts Is in whole dobm)

Size of business receipts

Total returns $25,000 $50.000 $100,000 $250,000
Industrial division and item of active Under Under under under under under
corporations $100,000- $25,0W 2 $50.000 $100,000 $250,000 $500,000
(1) L2) L3) t4) t5) J6J L7)
Mining
Number of returns................................................................................ 35,345 20,436 13,898 2,531 4,007 5,049 3,207
Totalassets .................................. :....................................................... 224,018,659 8,062,603 6,361,645 552,098 1,148,861 1,654,341 1,521,216
Notes and accounts receivable, net .................................................. 22,483,429 565,678 344,128 26,207 195,343 142,849 251,740
Inventories........................................................................................ 7,256,426 75,992 -4,279 -1,265 71,256 54,857
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ............................................... 16,536,007 1,137,567 683,667 186,040 267,860 313,093 316,340
Other investments and loans ............................................................ 82,202,802 4,643,148 4,122,960 -123,965 396,223 400,617 214,064
Depreciable assets ................ .......................................................... 108,633,915 1,539,882 832,146 340,124 367,612 1,276,042 1,123,432
Less: Accumulated depreciation ................................................... 54,695,785 1,083,609 525,831 270,540 287,238 990,330 754,848
Other capital assets less reserves 36,577,679 849,644 587,663 87,525 174,456 398,493 286,476
** ..........-........... * -
Total liabilities .......................... ............................................................ 224,018,659 8,062,603 6,361.645 552,098 1,148,861 1,654,341 1,521,216
Accounts and notes payable ............................................................. 24,130,223 715,498 443,500 65,068 206,930 227,719 332,433
Other current liabilities ................................................... .......... 10,728,127 468,109 441,379 4,191 22.538 85,579 203,637
Mortgages,notes,and bonds payable in one year or more ................. 47,765,892 729,377 514,643 -74,383 140,350 345,274 282,90
Net worth....................................................... ................................. 111,449,998 4,388,654 3,523,231 281,396 584,027 -325,685 538,903
Total receipts........................................................................................ 112,121,150 1,180,165 595,331 124,554 460,281 894,281 1,475,159
Business receipts ............................................................................ 102,064,204 430,928 51,980 93,424 285,524 729,412 1,157,867
Total deductions................................................................................... 109,623,248 1,469,099 812,941 194,295 461,8S3 981,432 1,467,455
Cost of sales and operations....................... .................................... 66,116,598 144,550 24,528 '24,015 96,008 189,933 290,603
Taxes paid........................................................................................ 3,302,128 64,217 37,935 7,589 18,693 44,623 63,166
Interest paid..................................................................................... 4,794,523 60,429 34,253 5,225 20,951 26,805 28,724
Depreciation ............... ..................................................................... 6,145,399 69,289 38,747 12,948 17,594 68,608 71,316
Pension, profit-sharing, stock bonus, and annuity plans................... 462,227 9,761 -9,660 *101 - -1,390 -4,523
Employee benefit programs .............................................................. 1,428,893 12,979 8,470 -4,390 8,935 11,210
Net income (less deficit)....................................................................... 2,628,720 -293,349 -220,347 -70,519 -2,484 .87,320 7,669
Income subject to tax............................................................................ 3,454,714 125,943 109,305 -6,337 -10,301 '23,925 '17,107
Income tax, total ................................................................................... 1,360,692 44,294 37,669 -1,492 -5,134 -6,&18 3,990
Alternative minimum tax.................................................................... 166,532 -4,231 -2,509 -1,723
Environmental tax ......................... ................................................... 5,779 11 6
.44 .8
Foreign tax credit ................................................................................. 526,299 '32 -4
U.S. possessions tax credit ..................................................................
Orphan drug credit .................................................... .........................
Nonconventionall source fuel credit........... ............................................ 27,566 '75
W .58 .183
General business credit........................................................................ 12,501
Prior year minimum tax credit................................................................ 56,392 -9,525 -9,525
Total income tax after credits.! ........... ....................................... I .......... 737,935 34,013 27,458 -5,072 -3,806

Construction
Number of returns............ ................................................................... 417,250 121,325 61,503 20,014 39,808 75,273 70,832
Total assets.......................................................................................... 240,435,575 10,132,931 7,468,567 863,148 1,801,216 4,792,326 8,800,070
Notes and accounts receivable, net .................................................. 67,042,954 1,115,331 857,438 121,036 136,857 745,604 1,381,994
Inventories ............................ ........................................................... 30,296,203 1,103,409 893,961 43.352 166,096 639,607 1,622.T78
Cash. U.S. Government obligations, tax-exempt
securities, and other current assets............................................... 54,494,948 2,719,447 1,873,620 263,639 582,188 1,208,440 2,095.490
Other investments and loans............................................................ 36,655,408 2,398,504 1,927,116 237,949 233,439 601,163 991,251
Depreciable assets ........................................................................... 104,791,345 3,713,084 2,009,771 331,156 1,372,156 3,582,974 6,944,230
Less: Accumulated depreciation ................................................... 66,592,167 2,124,528 1,134,018 172,434 818,076 2,473,631 4,790,673
Other capital assets less reserves ..................................................... 8,222,214 812,528 661,964 5,857 144,707 277,083 424,379
Total liabilities ....................................................................................... 240,435,575 10,132,931 7,468,567 863,148 1,801,216 4,792,326 8,800,070
Accounts and notes payable ............................................................. 75,064,109 2,478,020 2,097,011 102,971 278,037 1,145,250 2,164,207
Other current liabilities ...................................................................... 31,668,127 1,194,705 861,202 125,370 208,133 356,865 1,191,760
Mortgages,notes,and bonds payable in one year or more................. 34,237,422 2,070,821 1,599,968 102,234 368,619 1,090,234 1,704,965
Net worth ......................................................................................... 75,814,580 1,531,256 826,657 304,324 400,274 1,100,524 2,264,900
Total receipts........................................................................................ 538,266,252 4,683,112 M,369 734,182 3,003,562 12,804,521 25,739,007
Business receipts............................................................................. 528,889,876 3,994,815 343,997 715,074 2,935,743 12,608,895 25,507,614
Total deductions................................................................................... 530,697,417 5,025,545 1,283,717 782,001 2,959,828 12,480,407 25,174,929
Cost of sales and operations ............................................................ 408,884,991 1,758,459 175,677 331,020 1,251,762 6,581,995 14,879,584
Taxes paid ......................................................................................... 11,547,762 208,547 61,736 32,957 113,854 499,679 851,653
Interest paid ............................................................ : ......................- 5,052,958 185,415 133,902 7,365 44,147 128,246 250,347
Depreciation..................................................................................... 8,577,186 202,501 76,710 27,019 98,772 328,726 641,159
Pension, profit-sharing, stock bonus, and annuity plans................... 2,399,941 -32,285 7,781 -15,630 8,874 28,998 70,929
Employee benefit programs ...................................................... 4,709,470 34,167 12,356 6,142 15,669 134,259 217,701
Net income (less deficit) ....................................................................... 7,514,819 -349,377 -345,248 -47,819 43,691 323,765 562,277
Income subject to tax............................................................................. 5,574,173 66,838 32,156 5,253 29,429 74,350 236,514
Income tax, total ................................................. ................................. 1,654,270 15,796 9,960 963 4,872 11,506 38,792
.9
Alternative minimum tax.................................................................... 67,459 -1,806 -1,757
.1
Environmental tax............................................................................. 2,515 (1) (1)
Foreign tax credit................................................ ................................. 71,686
U.S. possessions tax credit ........... ...................................................... 1,141 59 59
Orphan drug credit ...............................................................................
Nonconvenbonal source fuel credit ....................................................... -'7 2
General business credit ........................................................................ 22,262
Prior year minimum tax credit ................................................................ 65,911 *182
Total Income tax after credftA ...................... ....................................... 1,492,497 15,737 9,901 963 4,872A 11,275 38,405
Footnotes at end of lable. Sao tat for *E)Wbnation of Tom" and 90ascription of tha Sang" and Limitation of the Date.'

53
 Coirporation Retums/1993'
RETURNS OF ACTIVE CORPORATIONS
Table S-Selected Balance Sheet, Income Statement and Tax Items by Industrial Division, by Size of Business
Receipts--Continued
(All figsires are evJrnates based on samples-money amourts araln thousantis of dollaus and size of business moos Is In whole dollars)

I Size of business receipts

$500.000 $1,000,000 $2,500.000 $5.000.000 $10,000.000 SW,000.000.
. Industrial division and item under under under $10, under $50.under or
$1,000,000 $2,500,000 $5.000.000 000.000 000,000 more

Mi (12) - . (13)
Mining
Number of returns .................................................................................... 1,932 2,202 . .,1.372 456 . 489 . 201
Total assets.............................................................................................. 2,489,808 5.661,001 4,150,116 5,530,447 18,946,288 176,002,839
Notes and accounts receivable, not ..................................................... 338,079 510,277 737= 802,757 1,838,408 17,296,118
Inventories .................................. : ......................................................... 68.084 76,066 93.955 136,517 498,653 6,181,045
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets....................... 418,127 1,257,453- 673,929 905,412 2,105,791 9,408,~95
Other Investments and loans................................................................. 496,486 1,962,680 525,186 1,217,756 2;437.053 70,305,811
Depreciable assets..; .................. i ......................................................... 1,479,021 2,843,779 3,044,806 2,689,025 10,556,188 84.081,740
Less: Accumulated depreciation....................................................... 1,057,367 2,012,617 1,941,787 1.710,742 5,720,422 39,424,064
Other capital assets less reserves............................ :: ........................... 728,37.1 857,587 966,765 1,356,433 6,&-Q,393 24,281,516
Total liabilities................................................................................... 2,489,808 5,661,001 4,150,116 5,530,447 18.9416,288 176,002,839
Accounts and notes payable................................................................. 444,823 859,505 751,702 959.034 2.145.SQ 17,693,666
Other current liabilities .......................................................................... 211,346 261,666 370,278 245,109 820,~l 1 8,061,892
Mortgages, notes,and bonds payable In one year or more ..................... 431,334 873,421 675,121 1,219,509 ~,596,80 39,612,063
Net worth ............................................................................................. 1.164,925 3,296,950 2,022,753 2,499,097 10,5~3,435 87,WO~966
Total receipts...... ..................................................................................... 1,737,119 3,997,667 5,187,168 3,639,481 11,312,819 82,697,291
Business receipts................................................................................. 1,516,827 3,485,Ng 4,823,"S 3,206,373 10,290,645 76,422,239
Total deductions ....................................................................................... 1,673,045 3,717,694 4,878,910 3,548,697 10,964,711 80,9M,205
Cost of sales and operations ................................................................ 357,799 1,384,067 .2,279,888 1,661,067 5,557,576 54,251,115
Taxes paid ............................................................................................ 88,553 155,185 241,293 122,581 434,571 2,087,9W
Interest paid ............................................................... : ......................... 61,228 114,138- '83,959 115,601 398,017 3,905,722
Depreciation .................................................... 100,917 .218.731 247,034 212,586 739,925 4,41 6,984
I ....................
Pension, profit-sharing, stock bonus, and annuity plans............... : 10,575 6,992 16,658 17,026 ",Of 1 351,286
Employee benefit programs.................................................................. 14,067 54,493 107,013 46,095 135,767 1,038,335
Net Income (less deficit).............................................. : ............................ 60,220 273,647 306,059 87,231 344,978 1,929,585
Income subject to tax................................................................................ 20,727 87,216 79,371 87,i64 325,168 2,687,393
Income tax, total .................................................... :.................................. 6,438 '31,952 29,137 32,946 127,301 1,077,796
Alternative minimum tax........................................................................ -1,217 3,231 2,718 3,240 16,19e 134,381
Environmental tax................................................................................. -4 '48 . 116 146 1 340 5,103
Foreign tax credit....................................................................................... 3,287 -8,921 .514,035
U.S. possessions tax credit................................................................
Orphan drug credit...................................................................................
Nonconventional source fuel credit ................................................. '289 -1.3% *178 8,247 11,64.i
General business crecitt.................................................. : ................. -1,245 1,660 3,173 5,748,
Prior year minimum tax credit .....................................* ............................... -1,291 '568 9.495 34,756
Total income tax after credits.! ................................... ................... 5,950 26,205 25,205 27,253 97,465 511,610
Construction
Number of returns... .................... I ........................................ ............ 1 .
62,432 51,918 19,160 9,278 6,370
Total assets.............................................................................................. 14,687,781 27,313,229 24,645,902 25,941,296 46,941,810 77,180,229
Notes and accounts receivable, net.............. ....................................... 3,304,965 7,286,967 7,849,461 8,956,039 18,096,633 18,3FOS.940
Inventories ................................................. : 2,175,509 4,469,502 3,841,004 3,855,781 5,1164,2~7 .7,424,316
Cash, U.S. Government obligations, tax-exempt
securifiels, and other current assets................ .................................. 3,805,566 6,941,016 6,009,738 6,381,048 11,471,740 13 862 462
Other investments and loans ....................................................... 11,371,irW 1,929,709- 1,807,371 1,746,178 3,593,874 22:215:628
Depreciable assets................................................................................ *- * 10,043,704 16,166,054 12,171,009 11,040,962 18,841,405 22;2i7.925
Less: Accumulated depreciation....................................................... 6,896,209 10,887,374 8,134,539 12,190,611 11,899,590
Other capital assets less reserves : .................................................. 736,533 928,319 717,769 685,329 1,269,790 2,376,48S
Total liabilities ................... 1 .............................. .................................. 14,687,781 27,313,22g 24,645,902 25,941,296 46,941,810 77,180,229,'.
Accounts and notes payable ...................... : .......................................... 4,312,953 8,814,476 8,161,328 9,549,752 17,526,383 20,911,740
Other current liabilities .......................................... .................................. 1,752,991 3,284,509 3,600,310 3,857,468 6,424,349 10,005,172
Mortliages,notes,and bonds payable In one year or more, .................... 2,415,024 3,856,851 2,735,974 2,679,658 4,M,176 12,838720
Net worth ............................................................................................. 4,374,662 8,353,551 BJ01,770 7,616,780 15,928,103 26,559:034
Total receipts ........................: ................................................................... 44,453,285 02,543,688 65,778,832 65,334,113 119,428,996 117,500,698
Business receipts..................................... I............................................ 44,126,169 81,702,570 65,155,067 64,667,823 118,048,057 113,078,867.
Total deductions ........................................................................................ 43,709,515 81,305,161 64,876,056 64,612,376 117,637,945 115,875,483
Cost of sales and operations................................................................ 28,539,057 57,561,081 50,708,388 52,722,838 100,561,504 95,572,0a~
Taxes paid ............................................................................................ 1,396,815 2,304,921 1,64,188 1,351,973 l,iO6,670 1,363,317
Interest paid ................................... I........... : ..................................... 379,050 661,549 - .445,322 454,178 687,828 1,861.024
Depreciation ......................................................................................... 941,010 1,48C292 1,004,803 946,885 1,540,598 1,483,211
Pension. profit-sharing, stock bonus, and annuity plans ....................... 167,257 335.400 288,80 352,990 651,889 471,385
Employee benefit programs .................................... w ............................. 408,181 779,891 6154,544 614J1 3 944,540 i2l.4-13
Net Income (less deftIt)........................................................................... 739,22g 1,235,353 894,775
. 726,646 1,748,466 1,633,6132
Income subject to tax.................... . ....................... 438,315 796.213 582,212 591,216 1,097,60 1,690.715
Income tax, total .............................. ......... : 1:336 170,606 156849 195,432 373,302 610,651
Alternative minimum tax........................................................................ 1!2 583 .5,704 0:467 18,976 9,318 18,595
Environmental tax.......................... : ...................................................... -3 .0 - 2,324
148
Foreign tax credit ....................................................................................... -2 350 70,856
U.S. possessions tax credit....................................................................... 1,082
Orphan drug credit............................................................................
Nonconventional source fuel credit............................................................
General business credit ..................................................................... 2,345 .3,567 1,877 2,782 10,263
Prior year minimum tax credit..................................................................... -2,157 6,i" - 8,472 10,706 13,601 23,949
Total income tax after credits.i ........................... ....................................... 78,165 1 161,415 1 1 ",623 181,9W 355,553 505,416
Footnotes at end of table. See test for 'E)Wtantim of Toms' and 'Description of the Sarnple and Limitation of the Date.*

54
 Corporation RetuThs/1993
RETURNS OF ACTIVE CORPORATIONS
Table 5-Selected Balance Sheet, Income Statement and Tax Items by Industrial Division, by Size of Business
Receipts
(AN fiWes am estimates based on sarnples-money amounts am In thousands at dollam and size-of Intsiness receipts is In w4hole closers)

Size of business receipts

Total returns $25,000 $50.000 $100.000 $250.000
Industrial division and item of active Under Under under under under under
corporations $100,000- $25.0002 $50,000 $100,000 $250.000 $500.000
(1) t2) (3) C4) t5) U6 (7)
Manufacturing
Number of returns ................................................................................ 307,419 81,192 ",710 16,066 20,416 40,751 39,723
Total assets.......................................................................................... 4,225,134,395 11,942,371 9,264,915 1,059,544 1,617,911 5,356,766 7,074,306
Notes and accounts receivable, net .................................... W............. 900,216,922 1,167,056 865,327 92,153 209,576 701,704 1,373,868
Inventories ..................................................................... ;.................. 37-7,241,078 742,880 389,934 107,383 245,564 513,130 1,307,563
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets............................................... 379,079,017 3,321,093 2,650,581
- 202.80 467,671 1,388,812 1,519,348
Other investments and loans............................................................ 1,026,933,898 2,685,530 2,380,012 159,001 146,516 951,576 545,899
Depreciable assets........................................................................... 1,880,260,507 4,669,868 3,024,801 676,415 968,652 3,347,900 5,251,8T7
Less: Accumulated depreciation .................... .............................. 967,630,024 1,791,323 917,463 313,237 560,623 2,182,476 3,425,123
Other capital assets less reserves ..................................................... 304,091,571 666,016 434,603 115,595 115,819 369,458 378,855
Total liabilities...................................................... ................................ 4,225,134,395 11,942,371 9,264,915 1,059,544 1,617,911 5,356,766 7,074,306
Accounts and notes payable.......................................... : .................. 8",506,576 2,336,610 1,795,698 228,805 312,107 979,812 1,626,647
Other current liabilities...................................................................... 385,593,919 1,816,643 1,698,151 31,668 86,824 520,643 529,798
Mortgages,notes,and bonds payable in one year or more................. 864,109,659 2,755,436 1,591,068 312,630 851,738 1,683,337 1,629,993
Net worth ......................................................................................... 1,440,728,404 963,874 1,230,762 -90,785 .176,103 752,991 1,734,2"
Total receipts ........................................................................................ 3,890,747,271 3,534,064 1,348,973 630,228 1,554,863 7,370,764 14,622,814
Business receipts .................. ............................................... .......... 3,652,017,915 2,294,415 239,967 556,804 1,497,6" 7,088,149 14,291,122
Total deductions ................................................................................... 3,741,592,660 5,443,039 2,791,380 796,~51 1,855,108 7,772,686 14,789,437
Cost of sales and operations ............................................................ 2,483,308,485 1,154,633 173,858 278,800 701,975 3,217,161 7,400,100
Taxes paid ........................................................................................ 98,370,952 175,697 100,533 20,148 55,017 296,568 509,811
Interest paid ..................................................................................... 118,233,685 214,463 173,320 15,422 25,721 167,013 198,823
Depreciation ..................................................................................... 132,903,919 274,311 146,091 48,694 79,526 262,217 458,939
Pension, profit-sharing, stock bonus, and annuity plans ................... 28,299,557 10,048 4,493 -2,966 -2,588 32,778 56,342
Employee benefit programs .............................................................. 73,113,534 44,5T7 29,089 5,153 10,335 91,755 124,518
Not Income (less deficit)....................................................................... 173,219,957 .1,909,950 .1,"2,733 -166,414 -300,803 -401,923 .169,294
Income subject to tax........................................ ................................... 173,882,249 191,834 163,629 15,834 -12,370 80,413 163,112
Income tax, total ............ ...................................................................... 61,912,971 59,357 54,562 2,690 2,104 17,274 31,692
Alternative minimum tax .................................................................... 1,398,580 2,743 2,453 *28 -1,229
.22
Environmental tax............................................................................. 224,307 206 194 -2 '30
.57 .8
Foreign tax credit.................................................................................. 16,34,01,916 ~57
U.S. possessions tax credit ................................................................... 4,568,902 -6,032 6,031 1
Orphan drug credit............................................................................... 20,486
Nonconventional source fuel credit....................................................... 368,357
.(W *126 '938
General business credit........................................................................ 1,573,053 -1,295
Prior year minimum tax credit................................................................ 966,332 -1,414 -1,414
Total income tax after credits.! .................................. I........................... 30,070,925 50,558 46,523 2,051 16,468 30,603

Transportation and Public Utilities

Number of returns ........... .................................................................... 175,980 71,899 38,555 13,123 20,221 27,847 20,752
Total assets .......................................................................................... 1,770,691,651 12,147,487 9,334,788 876,564 1,936,135 3,095,827 4,538,146
Notes and accounts receivable, net.................................................. 191,376,050 1,001,595 851,596 46,260 103,739 373,746 M235
Inventories........................................................................................ 28,035,020 108,772 102,998 -5,585 12,925 70,624
Cash, U.S. Government obligations, tax-exempt -
securities, and other current assets...................!........................... 119,862,531 2,109,303 1,580,122 167,543 361,638 535,55S 932,068
Other investments and loans............................................................ 288,135,633 2,840,841 2,283,196 '96,145 461,499 204,137 471,102
Depreciable assets................ .......................................................... 1,476,266,844 7,757,189 5,593,019 625,721 1,538,449 3,440,430 4,500,621
Less: Accumulated depreciation ...................... ....................... 565,276,152 3,261,995 2,215,149 273,774 773,072 1,942,186 2,363,242
Other capital assets less reserves....................... ............................. 86,914,947 731,848 600,587 89,030 42,231 200,163 282,943
Total liabilities....................................................................................... 1,770,691,651 12,147,487 9,334,788 876,564 1,936,135 3,095,827 4,538,146
Accounts and notes payable ............................................................. 227,757,188 2,094,096 1,747,203 82,849 264,0" 528,308 741,895
Other current liabilities...................................................................... 138,323,374 1,972,650 1,822,016 35,145 115,489 166,404 263,643
Mortgages, notes,and bonds payable in one year or more ................. 510,987,466 4,658,687 3,701,558 147,127 810,002 1,087,162 1,535,342
Net worth......................................................................................... 579,823,500 -826,117 -1,346,W 181,922 338,517 408,237 927,542
Total receipts.......................................................... ............................. 1,037,156,438 41288,130 2,194,585 530,586 1,562,960 4,618,045 7,845,527
Business receipts .......................................................................... 981.004,201 2,243,886 246,138 469,211 1,S28,537 4,484,834 7,483,768
Total deductlons ......................................................................... 984,901,013 4,870,801 2,681,512 542,706 1,646,583 4,689,086 7,731,761
Cost of sales and operations............................................................ 393,351,737 299,567 ",460 35,385 219,721 985,476 1,968,169
Taxes paid........................................................................................ 45,346,357 217;780 104,41 ~ 26,931 86,435 187,831 321,487
Interest paid..................................................................................... 53,421,303 349,352 253:057 10,823 85,472 122,736 133,371
Depreciation ..................................................................................... 88,531,032 524,682 303,112 62,010 159,561 337,718 454,057
Pension, profit-sharing, stock bonus, and annuity plans................... 7,333,058 3,662 -2,420 -1,242 -2,580 -4,113
Employee benefit programs.............................................................. 22,878,728 35,267 22,459 -2,231 10,577 "'age 70,855
Net income (less deficit)....................................................................... S2,88S,350 -583,021 .487,278 -12,120 -83,623 -71,633 111,8D9
Income subject to tax............................................................................ 56,805,017 240,393 204,945 '11,064 24,383 64,347 141,952
Income tax, total ................................................................................... 20,717,373 82,476 iO, 1 46 10,670 10,450 27,662
.1 '476
Alternative minimum tax.................................................................... 948,213 11,086 4,427 6,660
Environmental tax ............................................................................. 94,339 '161 40
Foreigntax credit............................................................... :.................. 343,148 -2
U.S. possessions tax credit.............................................. .................... 82,567 15
Orphan drug credit ............ ..................................................................
Nonconventional source fuel credit....................................................... 210,874
General business credit ............... .................. ..................................... 519,988 -1,725 -1,646 '78 25
Prior year minimum tax credit................................................................ 657,825 -1,828 -1,828 *849 *137
Total Income tax after credfts.i ................. . ............... 18,902,929 78,496 66,246 -1,658 10,592 9,141 27,400
Footnotes at end of table. See text for 'E)VIanation of Terms' and *Description of the Sample and Lineation of the Date.*
 C&ppr4tion Rdturns/1993-'
RETURNS OF ACTIVE CORPORATIONS
Table 5-Selected Balance Sheet, Income Statement and Tax Items by Industrialbivision, by Size of Business
Receipts-Continued
(All figures am estimates based on sanVie-y arnounts are in thousands of dollars aid stre of business recellits is in whole dollars)

Size of business receipts

$500.000 $1,000,000 $2,500.000 S5,000.000 I $10,000,000 $50,000,000_
. Industrial division and item under under under under* ' under - or
$1,000,000, $2.500.000 $5.D00,000 $10,000,000 $50.000,000 more
0) (9) (10) 0 1) (12) (13)
Manufacturing
Number of returns........................................... ........................................ 40,101- 45,438 24,552 15,106 15,402 5,155
Total assets............................................................................. I W ........... 13,684,254 34,902,759 40,692,551 57,081,135 189,452,813 3,864,947,4~9
Notes and accounts receivable, net........................................................ .2,999,135 8,4fi.338 10,138,877 13,909,062 43,974,2W 817,475,616
Inventories ............................................................................................ 2,229,537 6,606,90 8,918,309 12,593,737 40,T78,276 303,550,686
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ................................. ................. .2,432,845 6,009,646 6,290,374 7,115,363 24,275,013 326,726,524
Other Investments and loans................................................................ 887,681 .2.034,220 2,525,040 4,408,673 16,126,042 996,769,238
Depreciable assets .................. ! ........... 11,163,299 27,429,853 28,693,7b9 37,406,047 107,717,351 1,654,640,603
:- * *............ * *
Less: Accumulated depreciation.................................................... .7,189,762 i7,653,464 17,970,407 21,639,562 58,899,290. 836,878.617
Othei capital assets less reserves......................................................... 843,336 1,306,696 1,426,707 2,282,331 10,203,849 286,614,~22
Total liabilities.................................. ........................................................ 13,684,254 34,902,759 40,692,551 57,081,135 189,452,813 3,8",847,439
Accounts and notes payable................................................................. 3,421,252 8,803,367 10,508,628 14,713,442 47,287,782 754,M,036
Other current liabilities........................ :........................................ : :1,185,634 2,868,835 3,200,885 4,883,586 17,245,083 353.342,811
:
Mortgages, notes,and bonds payable in one year or more :................. 3,106,164 ,6,80,625 6,640,439 9,906,707 33,034,369 798,501,589-
Net worth ............................................................ .......... ................ -3,427,188 12,601,835 '16,465,724 22,267,991 80,493,878 1,3D2,020,679
Total receipts........................................... : ....................... ..................... 29,414,730 73,552,029 87,043,795 108,400,551 324,317,818 3,242,490,707
Business receipts .......................................... ....................................... 28,930,853 72,551.589 85,968,837 106,557,030 318,933,910 3,015,402,009
Total deductions.................... ......................................................... 29,588,792 73,028,755 85,517,098 105,382,314 312,597,076 3,107,473,46
:
Cost of sales and operations................... ............................................ i5,73411.40 45,117,499, 58,278,025 72,553,169 224,008,380 2,055,845,378
Taxes paid........................ ................................................................... 1,089,424 ,2,408,602 2,35.41739 2,703,538 7,003,933 81,828,640
Interest paid .................................... ............................ .................. 375,757 959,095 997,393 1,397,932 4,534,132 109,389,077
Depreciation .......................... 937,962 2,059,252 -2,180,156 2,684,849 7,977,439 116,068,794
Pension, profit-sharing, stock bonus. and annuity plans ...........: . ... ............. 1 ~7,521 301,530 440,144 470,111 1,482,869 25,378,213
Employee benefit programs -.............................................:........... 348,466 1,000,990 1,203,469 1,460,238 4,776,866 64,068,656
Net income (less deficit) ................... . ........................... I........................... -177,529 519,224 1,516,873 2,994,357 11,667,497 159,180,701
Income subject to tax..~ ............................ ............................................. 426,093 990,097 1,319,685 1,882,143 8,011,613 160,817,859
Income tax, total ...................................................................................... 81,782 241,,732 387,573 633,649 2,813,738 57,646,174
Alternative minimum tax ........................................................................ 6,890 6,309 21,284 83,728 1,275,332
Environmental tax ............................... ............................................... 1 . '35 258 3,535 220,196.
Foreign tax credit.......................... ........................................................... 67 *155 -236 2,209 33,258 16,308,828
U.S. possessions tax credit................................................. ...................... 98 2,430 6,516 23,421 279,041 .4,251 364
Orphan drug credit... ................................................................................ 20:486
Nonconventional source fuel credit...............:........................................... 368,355
General business credit...................................... ..................................... 1,589 9,802 20,448 69,648 -1,460,628
Prior year minimum tax credit. ................................................. * ................. 1,162 4,449 8,510 41,W 909,690
Total income tax after credW ......................................................... 79,928 226,184 :, 368,472 579,062 2,390,226 34,327,423
1
Transportation and Public Utilities . - ,
Number of returns .................................................................................. 19,066 19,8.03 8,759 4,021 ~ 2,897 934
Total assets.................................................... ................................. .6,949,483 14,864,945 14,048,687 17,662,820 46,351,391 1,651,032,865
Notes and accounts receivable, net ............................... ...................... 944,852 2,512,331 2,519,040 3,111,678 7,401,442 173,021,132'
Inventories....................................... 158.059 408,572 331,901 239,272 788,778
*............ .. ...... ............ 25,916,115
Cash, U.S. Government obligations, tax-exempt .
I securities, and other current assets ............................................
4.: .1,308,609 3,087,257 2,193,062 2,585,151 5,875,927 101,235,599
Other Investments and loans ........................................ : .................... 666,380 1,646,317. 1,216,4s3 2,673,713 4,652,884
Depreciable assets........................... ...................................... ............ 7,241,784 15,097,384 13,510,142 15,501,370 35,491,894 1,373,726,029
Less: Accumulated depreciation ................................... .......... -41101,1898 9.3 07,155 .7,484,730 8,455,803 16,521,472 511,837,761
Other capital assets less reserves ......................... 591,126 1,307,265 1,248,954 1,213,108 6,578,885 74,760,655
Total liabilities ........................................................................................... .6,949,483 114,864,M -14,048,687 17,662,820 46,351,391 1,651,032,865
Accounts and notes payable ............... : .......... ! .................. ........... 1,448,903 2,946,170 2,709,709 3,696,529 9,677,706 203,913,872
Other current liabilities............................................ : ; ........... 1,476,610 1,174,947 990,641 1,655,865 3,931,544 126,691,669
Mortgages,notes,and bonds payable in one.year or more..................... 2,464,778- ,4,917,583 .4,946,806 5,463,022 17,875,565 468,038,520
Net worth ........................................................ - ............ : ................ 505,61 ~ ~1,391;475 3,746,930 5,255,600 10,299,164 556,115,053
Total receipts................... I .......... ............................. 13,977,875 32,252,376 31.028,159 28,682,775 59,683,155 854,780,397
Business receipts.. .................................................................... t 13,546,504 31,412,017 30.505,318 27,957,238 57,199,577 806,171,060'
Total deductions ............................................... ....................................... 13,976,2111 31,787,676 30,611,605 28,031,144 58,150,952 805,051,777
Cost of sales and operations .................................................................... 4,358,637 12,676,117 15,062,954 12,451,685 28,575,067 316,974,067
Taxes paid ....................... . ...... I......................................... a : L. .540,434 1,205,714 872,386 1,158,852 1,884,788 38,957,083
Interest paid., ........................................... ................................. :........... 2311902. 564,135 513,316 563,009 1,796,070 49,147,412
Depreciation ............................. I............................................................ 751,315 1,484,445 1,233,553 1,428,040 2,880,242 79,436,980
Pension, profit-sharing, stock bonus, and annuity plans....................... ~30,694 1 55,176 59,762 133,761 242,279 6,801,033-
Employee benefit programs......................... .............. ................ 143,957 360,479 318,115 392,077 906,222 20,606,860
Net Income (less deficit).......................................................... ................ 18 459448 415020 640584 1,564,829 50,348,295
Income subject to tax............................................................... :................ 46:792 451:309 594:742 1,379,724 53,251,937
Income tax, total .............................................w ............................................ ~9,642 127 143,462 204,364 509,9~8 19,561,961
Alternative minimum tax................................ - ..................................... 1,432 4 4,886 11,034 42,066 873,072
Environmental tax................................................................................. 195 1,453 92,316
I .
Foreign tax credit..................................... ............................... .................. .438 .-7,857 -6,357 328,067
U.S. possessions tax credit ...................... I........ I...................... I 717 541 8.1,294
Orphan drug credit ..................... ...................................................
Nonconventional source fuel credit ............. ...................................... 58 21 0,809
General business credit................................................. ~..: ........................ 5,752 2,854 1,814 9,042 497,293
.Prior year minimum tax credit ............... .............................................. 2,191 2,722 7,278 11,491 631,037
Total income tax after credits.! ........................ ......................................... -48,412 119,483 136,730 187,357 482,490 17,813,420
Footnotes at end of tabla. See text for TxIlanation of Termso and ~Descdlxlon of the Sample and Umitition if the Date.' i

56
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 5-Selected Balance Sheet, Income Statement and Tax Items by Industrial Division, by Size of Business
Receipts
(AN figures am estirnates based w sanqles-money Mals are In timusands of dollars and sixe of business recelpts Is h wtMI0 dollars)

Size of business receipts

Total returns $25 000 $50,000 $100,000 $250,000
Industrial division and item of active Under Under under
' under under under
corporations $100.0002 $25,ODO 2 $50,000 $100,000 $250.000 $500.0130
fil (2) C3) (4) 05-) (6) L7)
Wholesale and Retail Trade
Number of returns................................................................................ 1,072,980 277,498 152,747 46,630 78,121 184,581 166,742
Total assets......... ........................................................ -..................... 1.702,8KI,.1YN 18,319,363 11,650,371 2,434,770 4,234,222 14,023,721 22,071,601
Notes and accounts receivable, net.................................................. 340,778,306 1,689,819 1,125,061 250,587 314,171 1,160,331 2,610,990
Inventories ........................................... ............................................ 44%801,204 2,876,331 1,221,468 556,625 1,098,238 4,221,302 7,454,974
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets............................................... 283,888,321 4,098,617 2,906,814 459,890 731,913 2,531,897 3,553,472
Other investments and loans ............................................................ 187,590,183 4,0D0,902 3,331,500 226,932 "2,469 1,016,655 1,636,485
Depreciable assets........................................................................... 551,727,604 6,540,198 2,962,373 1,411,229 2,166,593 7,775,829 11,967,506
Less: Accumulated depreciation ................................................... 259,986,140 2,972,841 1,210,296 715,207 1,047,337 4,145,814 7,279,029
Other capital assets less reserves ..................................................... 90,610,390 1,034,857 642,857 136,962 255,038 785,614 1,313,243
Total liabilities....................................................................................... 1,702,fw,'~ 18,319,363 11,650,371 2,434,770 4,234,222 14.023,721 22,071,601
Accounts and notes payable ............................................................. 578,110,738 6,452,214 5,073,740 630,125 748,349 3,286,167 5,379,031
Other current liabilities ............................ ......................................... 210,474,721 988,481 647,908 141,304 199,269 824,294 1,410,587
Mortgages,notes,and bonds payable in one year or more................. 298,140,122 4,128,819 2,709,437 504,568 914,814 3,319,300 5,333,681
Net worth......................................................................................... 448,591,875 -2,634,778 -2,911,043 -124,313 400,578 877,567 4,468,232
Total receipts............. .......................................................................... 3,709,494,745 10,557,297 2,390,049 1,964,316 6,202,932 31,961,349 61,379,316
Business receipts............................................................................. 3,623,042,583 8,582,088 987,663 1,746,579 5,847,846 31,128,346 60.581,519
Total deductions ................................................................................... 3,659,764,518 12,373,328 3,"7,714 2,277,403 6,648,211 32,686,208 61,587,034
Cost of sales and operations ............................................................ 2.786,432.350 4,426,315 575,346 800,520 3,050,449 16,905,315 35,167,169
Taxes paid ................ ....................................................... ............... 56,018,916 436,554 1 ".693 83,710 208,152 1,088,603 1,915,135
Interest paid ..................................................................................... 46,771,670 336,869 212,842 40,271 83,758 384,759 640,593
Depreciation ............................ ........................................................ 50,377,911 417,048 140,904 99,679 176,465 649,117 995,141
Pension, profit-sharing, stock bonus, and annuity plans................... 7,961,007 12,835 9,624 -2,284 73,576 112,265
Employee benefit programs .............................................................. 22,751,327 75,749 28,300 11,015 36,434 130,363 259,142
Net Income (less deficit)....................................................................... 49,714,808 -1,826,712 .1,065,169 -313,453 -448,090 .730,982 -211,308
Income subject to tax............................................................................ 48,061,933 234,378 169,058 18,994 46,326 214,184 460,419
Income tax, total ................................................................................... 16,373,907 56,281 45,789 2,805 7,687 35,955 78,098
Alternative minimum tax.................................................................... 623,544 1,497 -1,130 '7Q
Environmental tax............................................................................. 50,128
Foreign tax credit ................................................................................. 732,257 8,288 8,288 .4
U.S. possessions tax credit................................................................... 22,299
Orphan drug credit...............................................................................
Nonconventional source fuel credit, ...................................................... 57,070 -
General business credit........................................................................ 280,603 -2,207 -1,958 *980 -720
Prior year minimum tax credit ............................................................... 128,958 .8M ON - '352
Total Income tax after credbA .............................................................. 15.152,750 "'SM 34,660 2,805 7,439 34,954 1 77,026
Finance, Insurance, and Real Estate*
Number of returns................................................................................ 641,397 416,064 301,026 49,"l 65,598 85,731 54,921
Total assets.......................................................................................... 12,831.680,335 150.016,125 115,821,938 14,076,995 20,117,192 40,991,216 49,435,049
Notes and accounts receivable, net.................................................. 2,767,096,931 6,387,741 4,515,885 692,710 1,179,146 3,355,482 3,292,799
Inventories ........................................................................................ 20.966,238 2,2",645 1,360,745 188,583 697,317 965,256 1,367,187
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ............................................... 3,365,434,651 21,146,400 13,684,573 2,827,881 4,633,947 8,454,829 10,979,939
Other Investments and loans ............................................................ 5,614,119,057 ",699,445 33,242,158 5,251,828 6,205,459 14,622,868 19,125,439
Depreciable assets........................................................................... 423,819,124 63,959,527 51,519,483 5,114,708 7,325,338 14,330,410 15,500,405
Less: Accumulated depreciation ................................................... 147,239,098 10,140,605 14.159,675 2,0S8,299 2,882,631 5,7",839 6,283,423
Other capital assets less reserves ..................................................... 113,152,037 24,839,530 20,412,280 1,722,109 2,505,141 4,158,362 4,332,958
Total liabilities ....................................................................................... 12,831,680,335 150,016,125 115,821,938 14,076,995 20,117,192 40,991,216 49,435.049
Accounts and notes payable............................................................. 1,151,729,477 13,484.913 10,732,792 937,637 1,814,484 3,900,432 4,521,742
Other current liabilities ...................................................................... 5,125,846,610 6,411,487 4,713,548 5"'800 1,153,139 2,668,844 3,202,963
Mortgages,notes,and bonds payable in one year or more................. 897,765,T72 56,632,516 49,444,974 2,969,718 4,217,824 9,771,249 9,839,170
Net worth ......................................................................................... 3,543,133,206 27,775,994 14,883,836 5,420,812 7,471,346 16,449,152 18,639,857
Total receipts ................................ I ....................................................... 1,940,315,739 5,707,462 -850,465 1,847,033 4,710,894 13,651,968 19,439,949
Business receipts............................................................................. 992,334,922 5,654,041 833,320 1,290,255 3,530.466 11,220,669 16,733,164
Total deductions ................................................................................... 1,723,335,528 11,972,914 5,259,220 1,999,407 4,714,288 13,183,133 18,708,330
Cost of sales and operations............................................................ 540,333,700 504,204 96,178 89,805 318,221 1,340,289 2,054,242
Taxes paid ........................................................................................ 38,286,798 783,797 309,652 156,996 317,150 803,528 925,382
Interest paid ..................................................................................... 292,846,507 1,289,891 666,069 246,456 377,366 865,380 954,736
Depreciation ..................................................................................... 3S,969,795 609,459 182,485 156,650 270,324 556,551 653,807
Pension, profit-sharing, stock bonus, and annuity plans................... 8,280,667 23,307 3,675 -4,522 15,110 68,150 148,449
Employee benefit programs........................... .................................. 19,038,109 72,005 21,540 16,8Q 33,624 105,994 179,938
Net Income (less deficit) ....................................................................... 185,229,845 -6,307,563 -6,123,828 -165,006 -18,730 428,557 669,276
Income subject to tax................................. .......................................... 124,488,693 628,696 118,439 209,328 300,929 676,609 616,165
Income tax, total ................................................................................... ",409,373 116,049 23,711 41,054 51,285 142,122 155,613
Aftemative minimum tax.................................................................... 1,471,830 2,359 788 491 1,080 3,366 7,633
Environmental tax.................. .......................................................... 16S,076 (1) 53 .1 '12 2
Foreign tax credit.................................................................................. 4,150,328 2,240 .5 1,945 431 129
U.S. possessions tax credit................................................................... 35,568 (1) (1) 3 69
Orphan drug credit ..................... ............................................ ........... - -
Nonconventional source fuel credit....................................................... 25,227 '145 '239-
General business credit........................................................................ 421,357 '660
Prior year minimum tax credit ............................................................... 1,053,674 293 -2 184 509 895
Total Income tax after creditgA .............................................................. 38,723,220 112,928 23,312 40,980 48,636 140,373 153,472
Footnote$ at and of table. See text fm *Evlanatlon of Termso ancl *15asuo" of the Sanoe and Urnkation of ft Data.*

57
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 5-Selected Balance Sheet, Income Statement and Tax Items by Industrial Division, by Size of Business
Receipts-Continued
(All figures are estisnates based on saniple,-enoney amounts am in thousands of dollars and stre of business receos is In whole dollars)

Size of business receipts

$500,000 $1,000,000 $2.500,000 $5,000,000 $10.000,000 $50.000.000
Industrial division and item under under under - under under or
$1,000,000 $2.500,000 $5,000.000 $10,000,000 $50,000,000 more
(8) (9) (10) (12) (13)
Wholesale and Retail Trade
Number of returns .................................................................................... 161,338 142,180 62,698 36,V0 35,415 6.158
Total assets.............................................................................................. 39,115,770 71,274,337 68,773,959 78,181,525 208.634,540 1,182,438,688
Notes and accounts receivable, net...................................................... 6,340,602 14,T79,098 15,957,730 19,739,679 50,315,167 228,184,890
Inventories ................................* ..................................................... 12,813,347 23,572,321 24,267,726 28,868,076 81,986,721 263,740,406
Cash, U.S. Government obligations, tax-exempt
securities, and other current as sets................................................... 6,531,369 10,784,066 9,964,892 9,803,402 22,470,756 214,149,849
Other investments and loans................................................................ 2,678,744 4,916,163 4,136,354 3,868,682 11,560,979 153,775,218
Depreciable assets............................................................................... 20,251,716 34,096,741 27,554,949 29,934,369 69,426,511 344,179,786
Less: Accumulated depreciation ....................................................... 12,417,485 21,377,758 16,683,020 17,686,132 37,730,408 139,693,653
Other capital assets less reserves .................................: ....................... 1,937,487 3,056,653 2,551,179 2,634,320 7,524,605 69,772,432
Total liabilities ........................................................................................... 39,115,770 71,274,337 68,773,959 78,181,525 208,634,540 1,182,438,688
Accounts and notes payable............. ................................ .................. 10,687,991 21,605,932 24,664,048 30,773,865 95,003,386 380,258,103
Other current liabilities...................... ................................................... 2,723,851 5,167,469 4,509,960 5,439,947 15,6411,900 173,768,231
Mortgages, notes,and bonds payable in one year or more..................... 7,389,857 12,094,108 10,135,299 10,216,541 25,981,059 219,541,459
Net worth ............................................................................................. 11,060,640 23,442,583 23,635,552 26,484,322 60,347,893 3DD,909,865
Total receipts ............................................................................................. 117,359,488 222,118,851 221,539,043 255,966,639 732,783,646 2,055,829,115
Business receipts .......................................................................... 115,680,069 219,546,676 218,786,309 253,127,606 723,432,428 1,992,177,542
Total deductions ....................................................................................... 116,436,824 219,949,791 218,676,336 252,699,478 723,935,606 2,021,419,914
Cost of sales and operations ............................................... 7 , * * 73,215,664 147,938,117 160,698,957 193,294,825 591,146,572 1,563,639,415
Taxes paid ..................................................................... ...................... 3,150,278 4,882,944 3,948,122 3,984,504 9,108,826 27,503,949
Interest paid ......................................................................................... 1,056,788 1,901.446 1,739,972 1,870,465 5,216,764 33,624,014
Depreciation......................................................................................... 1,593,364 2,709,171 2,185,828 2,412,965 5,962,379 33,452,897
Pension, profit-sharing, stock bonus, and annuity plans....................... 235,327 565,142 523,173 618,927 1,255,366 4,564,397
Employee benefit programs .................................................................. 541,410 1,073,467 1,122,217 1,277,322 3,493,364 14;778,292
Net income (less deficit) ........................................................................... 915,885 2,157,379 2,851,440 3,264,990 8,847,073 34,447,042
Income subject.to tax........................................................ Z ........................ 1,065,465 2,035,173 1,834,174 1,967,878 4,754,075 35,496,188
Income tax, total.: : ............ ....... i8ii'll i 424,210 450,995 570,092 1,600,117 12,970,050
.................................................
Alternative -minimum tax.................................................................. :* 2,271 2,673 2,697 6,158 38,30. .568,933
.29
Environmental tax....................... ......................................................... '13 809 49,139
Foreign tax credit.......................................................................... ........... 18,354 705,364
U.S. possessions tax credit................ ~:............................................; 3 168 337 368 1,967 19,426
Orphan drug credit ........................... .......................................................
'46 .2 55,316
Nonconventional source fuel credit... ................................................... -1,706
General business credit ...................... ..................................................... 1,033 4,952 5,738 3,539 12,134 249,300
Prior year minimum tax credit.................................................................... '606 2,113 4,674 18,832 101,426
Total income tax after creditsA .................................................................. 186,982 418,465 "1.020 561,354 1,548,829 11,839,216

Finance, Insurance, and Real Estate'

.
Number of returns ............................................... ......................... :.......... 34,532 24,165 10,~50 6,665 6,483 2,586
Total assets.. ..................... ...................................................................... 68,782,287 176,573,245 287,501,291 464,895,685 1,483,053,072 10,110,432,366
Notes and accounts receivable, net...................................................... 7,805,615 33,203,563 70,704,774 124,781,872 267,199,648 2,250,365,438
Inventories.............................................................................................. 1,381,648 1,936,043 1,382,030 1,909,766 2,782,889 6,996,794
Cash, U.S. Government obligations, tax-exempt I
securities, and other current assets ................................................... 16,208,230 46,479,455 85,238,224 138,309,924 437,706,568 2,600,911,082
Other investments and loans............... ................................................ 25,779,843 69,552,887 108,932,376 182,811,153 708,872,472 4,439,722,574
Depreciable assets .......................................................................... 16,529,310 25,328,359 19,824,597 20,782,997 47,011.480 200,552,038
Less: Accumulated depreciation....................................................... 6,356,951 9,192,258 6,940,390 7,292,014 15,161,362 71,127,258
Other capital assets less reserves............. 5,269,877 6,052,792 4,810,611 4,820,142 11,180,021 47,887,744
Total liabilities....................... ........................
I ........................................ 68,782,287 176,573,245 287,501,291 464,895,685 1,483,053,072 10,110,43Z366
Accounts and notes payable............ ................ I I ................................ 7,642,487 16,012,868 22,591,334 34,285,824 114,757,913 934,531,964
Other current liabilities.......................................................................... 9,107,481 ,49,310,956 112,832,593 212,915,859 492,907,131 4,236,489,296
Mortgages, notes,and bonds payable in one year or more..................... 13,419,794 20,798,563 16,265,898 20,962,361 62,222,232 687,853,989
Net worth : ........................................................................................ 29,143,499 79,286,145 123,036,449 189,292,128 759,646,420 2,299,863,561
Total receipts ............................................................................................ 24,278,638 38,318,941 35,417,384 46,482,045 135,434,791 1,621,584,562
Business receipts ................... ............................................................. 20,383,058 27,988,634 18,894,324 19,148,738 43,697,190 828,615,105
Total deductions ....................................................................................... 23,905,315 35,575,437 31,087,141 38,504,884 100,193,961 1,450,204,412
Cost of sales and operations .......................................... ..................... 4,194,420 7,189,143 5,729,086 6,209,043 15,797,163 497,316,110
Taxes paid ............................................................................................ 1,125,528 1,565,313 1,151,159 1,231,874 3,066,885 27,633,332
Interest pad ................................................................................ 1,442,832 3,535,777 5,233,622 8,548,586 24,798,523 246,177,160
Depreciation .......................................................................... .............. 704,331 1,111,624 895,219 969,502 2,514,181 27,955,120
Pension, profit-sharing, stock bonus, and annuity plans ....................... 160,433 224,201 198,3D3 221,108 550,685 6,686,030
Employee benefit programs........................................................ 380,738 381,171 434,472 439,444 1,207,559 15,836,788
Net income (less deficit)........................................................................... 250,317 2,199,831 3,152,306 6,762,809 26,401,335 151,672,977
Income subject to tax ................................................................................ 880,074 1,574,430 2,307,942 4,405,740 10,343,752 103,055,285
Income tax, total............. ............................... ......................................... 251,87~ 510,880 795,142 1,532,341 3,565,775 37,339,578
Alternative minimum tax ........................................................................ 4,518 16.582 20,678 35,850 54,733 1,326,111
Environmental tax ................................................................................. 22 94 270 1,678 8,436 154,509
Foreign tax credit ...................................................................................... -6,864 3,437 4,318 298,816 62,544 3,771,549
U.S. possessions tax credit....................................................................... 1,245 2,081 6,824 25,345
Orphan drug credit....................... ............................................................
.9
Nonconventional source fuel credit........................................................... 23,294
General business credit............................................................................ 1,052 2,688 2,820 3,338 12,659 397,026
Prior year minimum tax credit .................................................................... 951 5,746 10,946 14,827 36,325 983,180
Total Income tax after creditsA ............................. ..................... I .............. 242,895 498,531 775,805 1,213,194 3,446,839 32,139,184
Footnotes at end of table. See test for OExplanation of Tenns* and "Description of the Sample and Limitation of the Data.*

58
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table 5--Selected Balance Sheet, Income Statement and Tax Items by Industrial Division, by Size of Business
Receipts
(AN figums are estimates based on sarnixios.-money arnounts am in thousands of dollaus and size of business mceiPts is in whole dollars)

Size of business receipts

Total returns $25,000 $50,000 $100,000 $250,000
Industrial clivtsion and item of active Under Under under under under under
corporations $100.0002 $25,0002 $50,000 $100.000 $250.ODO $500,000

P-) (2) (3) (4) (5) (6) L7)

Services
Number of returns................................................................................ 1,157,724 551,725 303,511 98,584 149,630 224,218 166.674
Total assets.......................................................................................... 744,758,261 41,998,998 3D,535,881 3,922,728 7,540,388 18,320,295 22,704,718
Notes and accounts receivable, net .......................................... 119,147,681 4,140.939 3,303,208 288,633 549,099 1,657,252 2,603,078
Inventories........................................................................................ 25.066,204 808,073 577,104 84,833 146,136 666,282 1,098,658
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ............................................... 112,524,375 9,153,767 6,671,181 80,838 1,633,748 4,076,285 4,777,310
Other investments and loans ............................................................ 166,707,016 11,370,407 9,282,841 736.389 1,351,177 2,660,170 2,832,144
Depreciable assets ........................................................................... 365,253,338 20,360,183 11,662,182 2,553,267 6,144,734 15,902,473 21,029,554
Less: Accumulated depreciation ......................................... 167,993,094 9,978,378 5,476,101 1,143,594 3,358,683 9,5W,61 8 12,607,023
Other capital assets less reserves..................................................... 66,566,384 3,148,884 2,213,865 289,940 645,079 1,461,353 2,M484
Total liabilities ....................................................................................... 7",758,261 41,998,998 30,535,881 3,922,728 7,540,388 18,320,295 22,704,718
Accounts and notes payable ............................................................. 118,215,132 6,298,535 4,674,7" 495,077 1.128,714 2,425,211 3,917,936
Other current liabilities ...................................................................... 88,270,664 3,501,121 2,696,077 262,510 542,534 1,463,263 2,312,794
Mortgages, notes,and bonds payable in one year or more ................. 200,427,097 11,432,561 8,125,067 1,148,817 2,158,676 4,868,113 6,302,531
Net worth ......................................................................... .............. 236,109,841 7,214,425 5,538,041 398,6DS 1,277,774 4,193,714 4,800,977
Total receipts ................................................................................... 941,642,864 23,361,052 8,277,829 3,895,260 11,187,963 38,945,391 60,028,123
Business receipts ............................................................................. 892,537,156 16,175,911 1,809,743 3,683,038 10,683,130 37,384,528 58,798,BQ
Total deductions ........................................ .......................................... 916,453,470 25,791,571 10,635,912 4,119,200 11,036,459 37,471,445 58,201,172
Cost of sales and operations ................. .......................................... 319,675,277 2,636,162 280,290 625,543 1,730,329 7,404,919 13,9W,492
Taxes paid ................................... .............................................. 34,186,491 966,641 358,401 160,135 448,106 1,658,948 2,486,132
Interest paid.. ...................................... ................ ........................... 22,857,022 946,160 584,536 116,902 244,723 597,607 808,040
Depreciation ..................................................................................... 36,850,272 1,277,419 520,074 250,022 507,323 1,307,426 1,732,747
Pension, profit-sharing, stock bonus, and annuity plans............ z 6,128,183 131,847 52,778 11,844 67,225 205,121 584,896
Employee benefit programs.............................................................. 15,312,716 255,106 126,903 43,256 84,947 318,119 524,511
Net income (less deficit)........................... ........................................... 25,361,467 -2,450,437 -2,370,126 -224,924 1 ",614 1,467,587 1,823,019
Income subject to tax............................................................................ 22,328,833 455,402 234,066 55,170 166,166 501,317 580,024
I ncome tax, total ................................................................................... 7,401,280 101,063 60,101 9,485 31,477 94,916 112,650
Alternative minimum tax .................................................................... 165,891 3,714 3,050 '664 '326
Environmental tax ............................................................................. 23,074 49 49
Foreign tax credit .......................................................................... 706,223 -1,612 -1,311 -4,153 -2,905
U.S. possessions tax credit...................................... ............................ 11,699 978 968 10 - 64
Orphan drug credit...............................................................................
Nonconventional source fuel credit .......................................................
General business credit ....................................................................... 233,613 1,483 -1,315 *1 49 -2,736 -1,661
Prior year minimum tax credit .................................................... .......... 165,177 - - - -1,996
Total income tax after credits.i .............................................................. 6,284,086 96,989 56,506 9,155 -31,328 87,955 106,025

Nature of Business not Allocable

Number of returns, ......................................................................... 15,208 12,204 10,273 1,335 -1,415
Total assets ................................................................................. 1,670,158 1,160,816 897,697 -79,815 '183,303 -114,727 -92,459
Notes and accounts receivable, net.................................................. 119,223 23,891 -5,151 -14,019 -4,721 -9,327 -2,528
Inventories ........................................................................................ 220,228 85,524 '23,709 '31,528 -30,287 '11,865 -16,496
Cash, U.S. Government obligations, tax-exempt
securities. and other current assets............................................... 336,977 285,111 237,749 -6,484 '40,878 '22,051 '14,872
Other investments and loans............................................................ 329,843 314,413 304,430 -1,035 -8,948 -5,213 '457
Depreciable assets............................... ........................................... 631,237 364,291 259,132 '24,648 -80,511 '69,847 -53,307
Less: Accumulated depreciation ................................................... 190,923 70,608 39,716 -8,402 '22,490 '29,845 '20,938
Other capital assets less reserves ..................................................... 186,510 127,978 80,642 -9,844 -37,491 '26,097 '24,500
Total liabilities ..................................... ................................................. 1,670,158 1,160,816 897,697 -79,815 '183,303 -114,727 -92,459
Accounts and notes payable............................................................. 442,441 242,332 166,449 -1,057 '74,825 -19,898 '43,080
Other current liabilities...................................................................... 101,771 77,920 29,417 '17,839 '30,664 -2,240
Mortgages,notes,and bonds payable in one year or more................. 151,504 48,054 -6,817 -8,859 '32,378 '37,588 -24,381
Net worth......................................................................................... 589,349 489.702 456,517 -35,516 '-2,331 '31,481 '24,284
Total receipts ........................................................................................ 1,676,176 240,489 95,399 115,057 -277,794 -259,600
Business receipts ............................................................................. 11580,518 156,694 22,538 -24,538 109,618 -276,632 '259,010
Total deductions.............................. .................................................... 1,719,574 297,618 152,878 -16,948 127,792 '250,055 -269,951
Cost of sales and operations............................................................ 893,392 53,988 -7,366 -4,560 -42,062 '104,926 -181,359
Taxes paid........................................................................................ 40,007 13,012 6,895 -1,498 -4,620 -6,199 -1,952
Interest paid..................................................................................... 25,438 10,257 6,554 -1,494 -2,209 -4,766 -1,114
Depreciation ..................................................................................... 33,352 15,130 6,396 -7,853 -2,022
Pension, profit-sharing, stock bonus, and annuity plans ................... -1,950 -1,180
Employee benefit programs .............................................................. 8,M -2,207 SM -13
Net income (less deficit) .................................... .................................. .43,516 -57,248 -57,597 '13,085 -12,735 -27,739
Income subject to tax ..................... ................................... 27,264 23,802 11,292 -7,748
Income tax, total ............ ...................................................................... 4,470 3,805 1,838 -1,252
Alternative minimum tax .................................................................... *1 14 *1 14
Environmental tax........................................................................... -
Foreign tax credit................. ................................................................ -7 -7
U.S. possessions tax credit .............................................................. 100 100 100
Orphan drug credit...............................................................................
Nonconventional source fuel credit ............... .......................................
General business credit............................... ........................................
Prior year minimum tax credit................................................. .............. -
Total income tax after creditsA - ....................................................
4,331 3,698 1,732 -1,252
Footnotes at end of table. See text for 'Explanation of Temns* and wDescription of the Sample and Lirnftati6Wof the Data?

59
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS
Table 5-Selected Balance Sheet, Income Statement and Tax Items by Industrial Division, by Size of Business
Receipts-Continued I
(AN figures are estimates based on samples-money amounts am in thousands of dollam and &to of business recelift Is in whole dollars)

Size of business receipts

$500,000 $1.000.000 $2,5DO.000 $5.000,000 $10.000.000 $50.000,000
Industrial division and item under under under under under or
$1.000,0DO $2,500,000 S5.DDO,000 $10,000,000 $50.000.000 more
(a) (10) (12) (13)
Services
Number of returns.................................................................................... 108607 68,025 20460 . 6362
Total assets ............................................................................................... 29,972:9DD 41,666,293 33,740:699 36,717.042
10 42' 87,951:570 .,,.;:7'45
Notes and accounts receivable, net....................................................... 4,S49,248 7,332,734 6.516,131 8,564,371 18,WS,546 64,878,382
Inventories ........................................................ : .................................... 1,591,786 2,198,552 1,543,779 1.490,099 3,162,256 12,506,718
Cash. U.S. Government obligations, tax-exempt
securities, and other current assets................................................... 6,203,918 8,521,427 6.454,397 6,525,660 16,443,504 50,368,106
Other investments and loans ......................................... 2,872,001 3,798,777 3,730,575 3,585,141 12;256.140 123,601,661
..................
Depreciable assets ................................................................................ 26,039,116 34,13125,655 23,975,803 24,260,19143 44,017,284 154,b42,427
Less: Accumulated depreciation .................................................. 14,876,806 19,631,667 11,898,534 12,040,369 19,623,556 57828,142
Other capital assets less reserves ............... ........................... q ............ 2,625,120 3,250,123 2,430,060 2,259,125 6,9W,224 4~:476,0112
Total liabilities ..................... :.................... .. .......................... :........... 29,972,900 41,666,293 33,740,699 36,717,042 87,951,570 431,685,745
Accounts and notes payable................................................................. 5,198,325 8,581,7113 8,140,472 8,676,138 19,380,973 55,595,760
Other current liabilities ........................................................................... 2,935,626 4,551,992 4,341,611 4,364,279 13,484,721 51,315,258
Mortgages,notes,and bonds payable in one year or more..................... 8,738,298 14,338,918 8,603.021. 10,81 8,5W 22,594,282 112,730,874
Net worth ............. - ............... ........................................................ 7,946,925 6,934,444 8,568,775 8,797,145 23,396,365 164,257,072
Total receipts .............................. ............................................ 77,910,603 104,693,881 73,187,637 73,932,062 127,472,236 362,111,879
Business recetpts.,- --'- ~* ........... . ... 76,594,660 102,725,312' 711,166:~64 71,971,920 122,446;283' 335,273,234
Total deductions.................... :............................. :...................................... 75,676,770 102,515,016 72,084,338 72,234,350 125,441,865 347,036,942
Cost of sales and operations ............ .............................................. 21,220,104 32,058,708 25,433,011 28,387,456 51,626,939 136,969,487
Taxes paid .......................: .................................................................... 3,056,671 4,282,511 2,821,327 '2,876,995 4,403,880 11,633,3i7
Interest paid ............................ ............................................ : ............. 7 1,055,164, 1,526,747. 1,099,262 1,192.348 2,607,668 13,024,02 6
Depreciation : .............................................................. 1 ................. 2,276,033 2,923,696 2,141,733 2,251,239 4,130,139 18,809,839
Pension, profit-sharing, stock bonus, and annuity plans 4.) 642,062 831,058 666,826 425,405 612,360 2,028,608
Employee benefit programs................................................. ............... 880,602 1,386,438 1,100,514 1,162,291 2,247,556 7,437,580
Net Income (less deficit)i.......................................................................... 2,234,400 2,165,800 1,096,176 1,690,153 2,035,564 15,299,205
Income subject to tax................. : .................................................. ........... 909,136 1,079,110 i 736,562 972,600 2,149,583 14,945,100
Income tax, total ............................................ : ............. ..................... 182,998 278,743 227,426 320,926 766,495 '~,316,064
Alternative minimum tax ........................................................................ 4,425 8,319 9,156 9,071 37,T/9 92,583
Environmental tax 1......................................................................... 1 '39 135 108 1,273 21,371
Foreign tax credit.................... -2,093 3,258 11,210 34,638 645;014
U.S. possessions tax credit : ................................................................
............... * ................... .184 40 -1,305 2,630 6,497
Orphan drug credit ...................................................................................
Nonconventional source fuel credit ........................................................... 432
General business credit............................................................................ 3,725 6,614 7,573 11,438 19,339 179,044
Prior year minimum tax credit.................................................................... *1 14 1,977 2,110 4,342 16,679 137,M
Total income tax after creditgA .................................................................. 176,882 268,771 213,180 291,306 689,342 1 4,353,635

Nature of Business not Allocable

Number of returns ................... I................................................................ *667 '43
Total assets ......................................................................................... '142,407 -23,637 '49,217 -86,895
Notes and accounts receivable, net ...................................................... '20,441 -15,927 '25,784 '21,325
Inventories............................................................................................ '70,037 '10,054 '26,253
Cash, U.S. Government obligations, tax-exempt
securities, and other current assets ................................................... -2,310 -1,477 -6,410
Other Investments and loans :.~ ........................................................ -5,316 -4,"S
Depreciable assets................................................................................ -3,501 '22,813 '48,572
Less: Accumulated depreciation ......................... '20,585 *536 -16,506 '31,905
*............ * ..........
Other capital assets less reserves......................................................... 3,293 -4,642
Total liabilities.......... I ................................................................................ '142,407 -23,637 -49,217 -86,895
Accounts and notes payable ......................................................... '71,797 '24,366 -9,036 .31'su
Other current liabilities ......................................... I ....................... -7,795 -6,864 .3,358 -2,908
Mortgages,notes,and bonds payable In one year or more ..................... -4,941 -5,516 '31,104
Not worth.............................................................................................. *15,663 '-7,594 -21,049 '14,765
Total recelpts............................................................................................ '420,327 '52,977 '132,308 -292,682
Business receipts................ :................................................ ............... '420,327 -131,889. -283,161
Total deductions............................. I ........................... I ............................. -427,682 '64,841 .130,474 -278,952
Cost of sales and operations ................................................................ -277,034 '20,725 -178,231
.1 485
Taxes paid.............................................................................................. .7,699 -3,396
Interest paid.......... ....................................................................... -6,382 1,964
Depreciation............ I..: .......................................................................... -8,120 '473 -1,451 -2,159
Pension, profit-sharing, Stock bonus, and annuity plans .......................
Employee benefit programs .................................................................. -5,994
Net Income (less deficit) ........................................................................... --7,355 '-11,865 -1,834 -13,729
Income subject to tax................................................................................ -1,871
Income tax, total .......................................................................................
Afternative minimum tax..: .....................................................................
Environmental tax................................................................ .................
Foreign tax credit......................................................................................
U.S. possessions tax credit.......................................................................
Orphan drug credit ...................................................................................
Nonconventional source fuel credit ...........................................................
General business credit.............................................................................
Prior year minimum tax credit ....................................................................
Total income tax after creditsA ................................................................... '1 44
*Estimate should be used with caution because of the stmill munber of sample returns on which It Is based.
:1D to were defected to avoid disclosure of Information for specific corporations and combined with data in another size class.
Me than 55M per return. ' I
Includes returns with wro receipts and receipts not reported.
Size of total recogs was mad In Neu of business recer to classify statistics for the *Finance, Insurance, and real estate division.
Also inctudes qua ed electric vehicle credit which Is no sham separately.
NOTE: Detell may not odd to total because of rounding and the deletion of data. See tat for 'Explanation of Terms' and 'Description of the Sample and Umitalkiffil Of the Date.'

60
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table 6-13alance Sheet Income Statement Tax, and Selected Other Items, by Major Industry
(All figure* are estimates based on samples--monay amounts are In thousands of dollars)
I
Malor industry
Mining

Item All Agriculture, Nonmetalic

Industries forestry, Metal Coal Oil and gas minerals,
and fishing Total mining mining extraction exceptfuels

11) Q) (3) 44) 15) 16) (7)

Number of returns, total ........................................... 3,964,629 141.326 35,345 1.5" 1,085 28,539 4,175
Total assets............................................................ 21,815,869,373 74,646,834 224,018,659 34,702,930 28,636,607 143,404,091 17,275,031
Cash ..................................................................... 812,077,106 5,578,602 9,221,153 1,632,773 876,790 5,688,190 1,023,400
Notes and accounts receivable ............................... 4,532,360,299 7,056,919 22,847,810 3,872,387 5,439,535 11,335,606 2,200,283
117,104,017 1
Less: Allowance for bad debts .............................. 62,133 364,382 13,489 26,084 254,755 70,054
Inventories ............................................................ 947,287,758 8,405,157 7,256,426 1,436,018 851,370 3,953,630 1,015,408
Investments in Government obligations................... 1,290,041,298 194,100 1,512,057 *271,675 *232,315 947,858 *60,209
Tax-exempt securities ............................................ 701,101,044 279,746 284,229 * 9,907 '92,708 159,281 -22,333
Other current assets .............................................. 1,537,521,042 2,531,214 5,518,567 767,967 622,650 3,555,952 571,998
Loans to stockholders............................................ 83,900,670 2,029,740 1,162,786 267,234 26,716 798,992 70,843
Mortgage and real estate loans ............................... 1,626,813,106 652,107 57,118 69 . *729 49,650 *6,670
Other investments................................................. 5,700,750,483 6,108,571 80,982,898 12,210,664 9,448,331 55,104,112 4,219,791
Depreciable waste ................................................. 4,968.959,443 57,575,528 108,633,915 15,066,312 15,237,369 66,246,845 12,083,389
Lew: Accumulated depreciation........................... 2,265,345,826 35,742,442 54,695,785 5,980,362 8,624,516 33,113,295 6,977,612
Depletable assets .......................... ; ....................... 136,837,315 794,050 49,615,867 3,553,647 2,429,603 42,262,984 1,369,633
Less: Accumulated depletion ................................ 64,129,960 229,906 22,330,295 1,169,272 683,046 20,258,731 219,246
Land ..................................................................... 230,380,089 16,621,511 3,940,411 417,567 1, 102,367 1,540,280 880,196
Intangible assets (amorti.able) ................................ 559,011,523 608,420 9,001,215 1,430,300 1,971,426 5,057,889 541,599
Less: Accumulated amonization ........................... 138,208,765 225,605 3,649,519 511,317 828,023 2,222,894 87,285
Other assets .......................................................... 1,273,616,767 2,471,254 5,024,188 1,440,848 467,369 2,552,495 563,476
Total liabilities......................................................... 21,815,869,373 74,646,834 224,016,659 34,702,930 28,638,607 143,404,091 17,275,031
Accounts payable. ............. ................................... 1,465,685,698 4,154,916 14,647,506 2,833,055 2,979,827 7,349,587 1,385,038
Mortgages, notes, bonds payable less than 1 yr 1,569,039,749 10,614,648 9,582,716 1,891,638 793,075 5,156,524 1,741,479
Other current liabilities ........................................... 5,994,457,055 3,449,744 10,728,127 1,333,037 1,864,556 6,496,967 1,033,566
Loans from stockholders........................................ 303,017,642 8,281,190 5,048,487 743,851 798,632 3,282,143 223,861
Mortgages, notes, bonds payable I yr. or more 2,671,045,770 17,460,756 47,765,892 6,089,304 4,785,473 33,451,207 3,439,907
Other liabilities ....................................................... 3,148,683,849 2,986,722 24,895,934 3,784,351 6,643,816 14,571,786 895,981
Capital stock......................................................... 2,042,497,435 9,345,689 11,778,278 3,105,593 665,287 6,875,707 1,131,693
Paid-in or capital surplus................ :....................... 4,223,297,163 11,753,011 108,645,847 16,126,451 12,333,303 76,890,308 3,295,786
Retained earnings. appropriated............................. 106,288,339 201,034 195,492 21,314 *33,943 103,447 '36,788
Retained earnings, unappropriated.......................... 1,555,335,037 8,227,031 -5,434,901 -1,087,930 -887,344 -8,181,126 4,721,499
Less: Cost of treasury stock........ . ....................... 1,463,478,361 1,827,905 3,734,719 137,735 373,960 2,592,458 630,666
Total receipts 12,269,721,710 98,301,076 112,121,150 11,261,462 18,493,760 70,360,967 12,004,961
Business; receipts ................................................... 10,865,542,520 92,071,144 102,064,204 10,069,610 17,111,921 63,452,120 11,430,553
Interest ................................................................. 764,546,106 473,009 2,393,906 344,516 252,438 1,644,618 152,335
Interest on Govt. oblig: State, local ......................... 43,319,556 28,819 31,943 *3,005 9,477 17,737 1,724
Rents.................................................................... 85,478,375 582,010 406,978 16,503 36,739 251,043 102,693
Royalties............................................................... 44,076,734 104,715 493,515 57,783 163,348 251,534 20,850
Net short-term capital gain reduced by
not long-term capital loss..................................... 26,064,516 20,931 96,698 -5,106 *9,915 81,453 224
Not long-term capital gain reduced by
net short-term capital loss.................................... 53,303,500 743,000 953,870 191,156 101,372 623,721 37,621
Net gain, noncapital assets.................................... 32,763,625 430,078 857,015 106,025 82,538 618,316 50,136
Dividends received from domestic corporations 13,570,604 86,771 228,404 37,039 17,019 166,742 7,603
Dividends received from foreign corporations.......... .25,907,770 44,113 364,491 '10,049 246,224 6,900
Other receipts ....................................................... 315,148,404 3,716,485 4,230,126 329,400 698,944 3,007,460 194,322
Total deductions ...................................................... 11,764,744 057 96,656,629 109,623,248 11,018,265 18,487,079 68,296,562 11,821,342
Cost of sales and operations .................................. 7,052,236':546 53,240,017 66,116,598 6,520,122 12,470,341 40,450,457 6,675,678
Compensation of officers....................................... 226,147,454 2,724,633 1,555,455 91,857 189,292 987,880 286,426
Salaries and wages................................................ 1,007,250,963 7,467,235 5,369,656 207 190 581,448 3,770,090 810,928
Repairs ................................................................. 104,140,185 2,071,178 1,086,725 126:449 217,766 445,713 296,798
Bad debts............................................................. 80,671,397 165,961 320,565 23,560 31,033 224,692 41,280
Rent paid on business property .............................. 200,741,346 3,034,304 1,219,520 51,575 147,688 849,629 170,628
Taxes paid............................................................ 289,513,615 2,414,203 3,302,128 291,628 975,052 1,670,337 365,111
Interest paid.......................................................... 546,236,159 2,233,054 4,794,523 631,385 537,488 3,193,587 432,063
Contributions or gifts ............................................. 6,365,178 48,327 38,706 3,920 7,367 15,434 11,985
Amoni.ation .......................................................... 38,494,898 152,075 717,255 206,263 118,042 349,883 43,067
Depreciation.......................................................... 363,545,335 4,156,470 6,145,399 978,514 914,480 3,437,537 814,868
Depletion .............................................................. 8,471,334 36,472 2,976,842 691,711 446,922 1,595,879 242,330
Advertising............................................................ 140,143,456 421,160 104,515 5,855 9,478 65,816 23,366
Pension,profit-sharing,stock bonus, annuity plans 61,073,784 205,540 462,227 39,680 72,900 267,555 82,092
Employee benefit programs.................................... 160,120,219 878,596 1,428,893 83,526 451,426 660,603 233,338
Net loss, noncapital assets ..................................... 26,272,309 120,418 301,537 31,028 16,250 232,048 22,210
Other deductions ................................................... 1,453,379,881 17,286,988 13,682,704 1,034,002 1,300,108 10,079,419 1,269,175
Total receipts less total deductions ........................... 504,977,653 1,644,447 2,497,902 243,196 6,681 2,064,405 183,619
Constructive taxable income from related
foreign corporations .............................................. 36,501,077 162,761 9,641 2,092 150,941 188
Net income (less deficit) ...................................... 498,150,174 1,647,725 2,628,720 249,732 -704 2,197,609 182,083
Income subject to tax .............................................. 436,797,939 2,175,063 3,454,714 711,811 200,174 2,175,171 367,558
Income tax, total I ................................................... 154,447,416 613,080 1,360,692 290,158 113,892 815,275 141,368
Regular tax ............................................................ 149,026,690 590,364 1,185,200 248;408 68,872 743,358 124,562
Personal holding company tax................................ 9,472 (11 -1,970 -1,970 11)
Recapture of investment credit............................... 22,864 1 1
Alternative minimum tax ........................................ 4,863,090 20,926 166,532 40,256 44,500 65,418 16,358
Environmental tax .................................................. 566,361 1,144 5,779 1,493 520 3,224 642
Foreign tax credit.................................................... 22,895,789 20,926 528,299 108,546 13,937 398,341 *5,476
U.S. possessions tax credit ...................................... 4,722,588 342
Orphan drug credit .................................................. 20,486
Nonconventional source fuel credit........................... 690,593 245 27,566 '44 20 27,503
General business credit............................................ 3,078,073 14,663 12,501 9 -1,442 10,088 *961
Prior year minimum tax credit ................................... 3,102,567 8,299 56,392 14,279 -4,092 34,121 3,899
To I income tax after credits I ......................... 119,937,278 566,605 737,935 167,279 94,401 345,222 131,033
Footnote* at and oftable. See lost for "Explanation ofTimm" and *Description of the Sample and Limitation of the Data.*

61
 Corporation Retur'ns]1993
RETURNS OF ACTIVE CORPORATIONS
Table 6-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry--Continued
(All figures are estimates based w samples--money amounts are in thousands of dollars)

Maiar industry.-Continued
Construction Manufacturing
General
Item building
contractors Heavy Special Food and Tobacco Textile Apparel and
Total and construction trade Total kindred manufactures mill other textile
operative contractors contractori products products products
builde a
(8) (9) (10) 0 1) (12) (13) 114) (15) (16)
Number of returns, total.......................................... 417,250 164,141 18,839 234,270 307,419 16,801 56 5,587 17,F04
Total assets ............................................................ 240,435,575 112,584,061 56,334,976 71,516,537 4,225,134,395 376,8514,1134 204,378,063 48.371,056 ",963,762
Cash .............................. : ..................................... 26,855,813 11,979,575 5,528,174 9,348,064 117,284,200 6,471,913 230,833 1,427,160 2,014,932
Notes and accounts receivable. ...............6 ............. 67,492,975 26,386,976 12,976,011 28,129,989 .920,984,358 97,574,097 52,425,077 9,907,414 9,333,892
Less: Allowance for bad debts............................. 450,021 94,301 123,093 232,627 20,767,436 795,909 144,844 231,218 314,420
Inventories.. ......................................................... 30,296,203 22,282,169 1,886,830 6,127,203 377,241,078 34,746,644 8,718,114 9,629,066 12,404,072
Investments in Government obligations .................. 1,778,466 640,244 1,023,356 114,866 34, 1 j7.258 1,925,761 173,173 804,540 75,250
Tax-exempt securities ........................................... 1,449,370 159,103 967,116 323,150 21,955,820 366,876 648,043 156,858 *10,139
Other current assets............................................. 24,411,300 14,1101,866 4,050,599 6,258,835 2.05,701,739 14,246,635 5,190,301 1,446,140 2,445,477
Loans to stockholders ........................................... 4,857,664 1,881,281 1,199,658 1,776,725 18,535,491 1,251,564 43,891 347,510 238,176
Mortgage and real estate loans .............................. 6,743,809 6,316,455 99,128 328,226 31,206,331 349,151 590,348 -14,425 39,797
Other investments ................................................. 25,053,935 9,999,398 12,134,432 2,920,105 977,192,076 91,630,312 83,378,925 5,122,935 7,673,455
Depreciable assets ......................................... 6 104,791,345 26,416,467 36,385,976 41,988,902 1,880,260,507 142,869,283 20,632,961 31,985;288 13,195,268
Less: Accumulated depreciation........................... 66,592,167 14,329,327 23,765,835 28,497,005 967,630,024 66,348,682 9,045,868 16,613,344 6,631,597
Depletable assets .......................................... 503,451 107,381 358,064 38,007 68,716,542 *73,333 - *21,442
Less: Accumulated depletion .................. 6 : 189,666 49,656 106,485 33,525 34,32~1,2011 *8,672 -11,029
Land.................................................................... 6,776,936 4,056,317 1,392,708 1,327,911 48,526,440 6,067,922 575,986 444,966 285,452
Intangible assets (amortitable)............. ................. 1,703,551 512,045 351,072 840,433 292,070,471 36,475,484 41,162,485 1,952,419 2,749,202
Less: Accumulated amortization ........................... 572,057 166,493 110,835 .294,729 70,898,682 4,648,951 5,395,723 803,980 660,564
Other assets ......................................................... 5,524,669 2,384,564 2,088,099 1,052,007 324,941,426 14,607,374 5,194,361 2,770,467 2.105,233
Total liabilities......................................................... 240,435,575 112,584,061 56,334,976 71,ilS,537 4,225,134,395 376,854,134 204,378,063 48,371,056 44,963,7i2
Accounts payable ................................................. 47,138,811 24,388,932 7,830,264 14,919,616 478,038,431 85,758,753 26,448,486 5,036,505 5,400,300
Mortgages, notes, bonds payable.less then 1 yr 27,925,298 17,161,214 3,559,607 .3,204,577 366,468,145 31,312,627 *8,578,461 3,378,518 5,624,332
1
Other current liabilities .......................................... 31,668,127 16,737,575 4,87 1,483 10,059,069 385,593,919 26,666,429 11,082,530 3,552,271 4,038,822
Loans from stockholders ....................................... 12,386,355 7,056,609 1,042,997 4,286,750 66,599,771 5,948,736 13,143,818 990,064 1,531,929
Mortgages. notes, bonds payable 1 yr. or more 34,237,422 19,046,293 7,343,405 7,847,724 864,109,659 79,846,768 52,521,182 13,382,744 9.022,300
Other liabilities ................... ......................... 11'264~9isl 4,494,519 4,638,825 2,131,63i 623,596,067 28,987,129 19,870,612 2,784,654 1,995,324
Capital stock ............................. ........................... 8,883,697 5,250,431 ., 2,4'20,681 3,212,585 189,495,231 15,583,327 5,934,558 2,209,146 2,649,586
Paid-in or capital surplus........................................ 22,500,934 7,315,826 .10,460.146 4,730,962 753,647,266 56,706,658 56,872,976 7,300,077 6,613,407
Retained earnings, appropriated ............. :.......... 288,354 ?101,680 '~l 4,908 171,766 1 1;346,392 636,262 131,436 63,055 *91556
Retained earnings, unappropriated.: ........ . ............. 47,978,649 14,188,031 15,130,887 18,659,731 613,906,906 66,380,963 15,868,929 10,292,144 9,407,256
Less: Cost of triasury stock ............. : ........... t 3,843,053 1,157,048 978,125 1,707,880 127,667,390 20,97~1,5119 5,074,924 618,123 1,329,050
Total receipts ................. ; ........................................ 538.266,252 '234,275,436 86,4i9,753 217,561,063 3,60,747,271 '417,500,838 77,170,810 69,2119,016 76,366,926
Business receipts .................................................. 528,889,876 229,586,406 83,610,871 2 5,692,5 99 3,652~017,915 401,241,245 69,*480,651 67,986,870 74,387,798
Interest ................................................................ 2,074,448 1,293,841 524,871 255,736 67,380,363 3,468,651 3,616,219 245,314 308,852
Interest on Govt. oblig: State, local ......................... 159,516 -41,568 8 3,675 34,273 1,661,351 - -46,579 6,538 12,739 27,949
Rents ........................................... :....................... 1,249,463 832,215 218,616
' 198,632 27,378,523 873,264 1,049,888 102,073 52,659
Royalties ................................... :.................. 56,634 7,450 4.0,150 9,035 33,027,819 2,930,524 670,555 45,648 470,779
Net short-ter. capital gain reduced by
not long-term capital loss..................................... 41,478 19,574 16,517 5,386 843,940 38,455 25,462 *1,352 *5,724
Net long-term capital gain reduced by
net short-term capital loss ................................ 478,581 241,247 113,382 123,951 14,705,639 633,171 194,405 72,739 73,035
Net gain, noncapital assets.................................... 849,076 232,738 355,936 260,403 10,392,288 371,684 188,262 185,053 50,630
Dividends ~eceived from domestic corporations...... 91,267 22,683 .48,994 19,591 4,055,165 546,191 37,754 18,536 35,751
Dividends received from foreign corporations 116,273 *66,012 44,682 *5,579 21,536,192 2,003,8566 958,568 34,026 207,525
Other receipts...................: ........... .................. 4,259,639 1-,931.,703 11,372,0~6 955,879 57,718,078 5,347,219 942,507 514,666 746,224
Total deductions..................................................... 530,697,417 231,761,034 85,013,381 213,923,003' 3~7411,592,660 .400,624,717 72,051,823 66,704,893 73,476,800
.
Cost of sales and operations .................................. 408,884,991 i93,084,542 66,189,838 149,610,611 2,483,3 08,485 273,582,092 31,340,331 50,536,065 52,800,360
Compensation of officers ................... 6 ................... 18,398,296 5,904,329 1,833,708 10,660,259 ~41,043,008 2,750,673 217,758 990,702 1,883,433
Salaries and wages............................................... 25,425,037 7,501,043 3,495,632 14,428,362 251,624,854 24,355,068 3,749,04 3,201,9i7 4,728,552
Repairs .................................... 6 6 .................... 2,548,869 595,035 746,164 11,207,670 , 32,201,320 2,991,709 181,064 283,016 260,554
Bad debts ....................... 66 .................................... 1,084,385 419,557 128,609 536,2~6 11,591,661 452,779 53,523 230,466 242,869
Rent paid on business property............:................. 4,832,346 1,282,028 841,398 2,708,920 37,908,267 3,273,202 485,714 559,366 1,091,590
Taxes paid .................... 6 6.............................. 11,547,762 3,144;542. 1,616,059 6,70,161 98,370,952 9,233,705 7,604,101 1,462,220 1,751,412
Interest paid 6 ................. ........................... 5,052,958 2,635,676 942,637 1,474,644 118,233,685 9,674,971 6,476,421 1,501,061 1,336,918
Contributions or gifts ............................................. 120,189 48,764 31,447 39,978 2,936,204 310,889 193,814 32,653 39,050
Amortization........................................... 66............ 218,651 78,003 52,425 88,223 11,770,257 1,177,917 637,274 147,092 140,701
Depreciation ..................... 8,577,186 1,934,212 2,768,490 3,874,464 132,903,il 9 9,677,297 2,500,817 2,344,190 1,093,272
Depletion...:...................... 60,802 6,102 49,945 4,755 3,617,220' 8,339 22,742 389 -5
Advertising .................................... : ...................... 1,648,740 669,544 95,089 8i4,108 63,191,898 17,487,540 5,680,933 499,852 1,277,411
Pension,profit-sharing,stock bonus, annuity plans 2;399,941 698,694 382,197 1,319,050 28,299,557 1,758,104 412,066 329,114 261,705
Employee benefit programs ................................... 4,709,470 1,261,577 779,960 .2,667,934 73,113,534' 5,384,138 1,053,905 875,304 866,127
Net loss, noncapital assets .................................... 171,974 87,149 25,960 58,864 4,295,374 254,5i2 99 38,116 37,785
Other deduciions.................................................. 35,015,819 12,410,236 5,033,823 17,571,760 346,882,4'67 37,951,713 11,441,386 3,673,369 5,665,056
Total receipts less total deductions .......................... 7,568,65 2,514,402 1,416,372 3,636,061 149,154,6i 1 16,876,122 5,118,987 2,514,122 2,890,126
Constructive taxable income from related
foreign corporations.............................. 6............... 105,501 30,805 74,024 *672 25,756,697 1,550,831 424,474 27,214 228,775
Net income (less deficit) ............................. 6 ............ 7,514,819 2,503,639 1,406,721 3,604,459 173,219,957 18,380,374 5,536,923 2,528,597 3,090,952
Income subject to tax.. ............................................ 5,574,173 2,174,529 1,365,716 2,033,929 173,882,249 16,931,599 5,149,185 2,105,145 2,787,051
income tax, total .................................................... 1,654270 664,838 466,015 523 417
1 61 9129711 5986008 809,351 747,739 965,649
Regular tax ........................... ............................... 1,575,504 635,732 436,960 502:8 2 60:251:05 5:885:429 11: 800,964 723,211 957,652
Personal holding company tax ............. !33 *33 - 1 .9
Recapture of investment credit 6.......................
** ' -- *138 *133 2 2 6,345 *504 3 1
Alternative minimum tax .............. 6 ......................... 67,459 23,972 24,714 18,773 1,398,580 76,840 799 21,962 4,964
Environmental tax ........................................ 2,515 1,395 985 135 224,307 22,089 7,525 2,565 3,029
Foreign tax credit.................................................... 71,686 40,173 30,389 *1,124 16,344,916 1,157,986 341,841 17,231 201,504
U.S. possessions tax credit...................................... 1,141 59 1,082 - 4,568,902 575,577 27,300 41,139 43,727
Orphan drug credit .............. :............................... - 20,486 - -
Nonconventional source fuel credit.......................... *392 *14 368,357 7 910
General business credit ........................................... 22,262 7,733 9,492 5,037 1,573,053 66,183 7:622 14,339 6,027
Prior year minimum tax credit : : .................... .65,911 27,907 15,019 22,985 966,332 40,830 25,909 21,375 1,303
Total income tax after credits 3 ...................... 6 . 1,492,497 588,600 409,641 494,256 38,070,925 4,144,901 1,398,768 653,653 713,087
Footnotel; at end of table. See laid forr'Explanation
~ of Tems' and mDescription of the Sample and Unitation ofthe Date.8

62
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table 6--Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry--Continued
(All figures are estimates based on samplas-oney amounts are in thousands of dollars)

M ,,.C,u g__Cpml n
indu5"`_-Cont d
,in n..
u

Its. Petroleum Rubber and

Lumber and Furniture and Paper and Printing and Chemicals and (including miscellaneous Leather and Stone. clay, and
vtood products fixtures allied products publishing allied products integrated) and plastics leather glass products
coal products products products

(17) (18) 0 911 (20) (21) (22) (23) (24) (25)

Number Of returns, total 18926 9,750 3,602 52,786 12,247 1,476 11,350 2,254 9,40i
Total assets..................................... 62,539:310 22,775,407 159,002,800 177,200,555 567.677,098 565,889,459 67,090,080 19,164,091 71,209,869
Cash ................ :.................. 2,352,447 1,041,897 1,633,000 6,520,500 15,437,407 3,961,914 2,180,306 359,373 2,333,594
Notes and accounts receivable .............................. 7,289,227 5,642,667 18,607,218 33,780,144 100,202,551 70,157,064 14,284,101 4,458,639 12,540,719
Less: Allo~ance for bad debts............................. 145,940 152,608 490,743 2,469,365 1,880,518 571,156 383,407 71,117 423,714
Inventories ........................................................... 8,721,050 . 4,960,124 13,658,553 8,679,189 44,272,910 18,623,655 10,355,458 3,356,590 6,496,852
Investments in Government obligations.................. 164,786 342,984 699,339 1.130,088 225,483 109,021 *33,743 123,808
Tax-exempt securities ........................................... -10,047 *85,994 137,074 609,251 2,134,134 -387,330 -43,991 17,804 54,808
Other current assets ............................................. 2,734,797 888,038 6,034,829 9,541,462 20,738,751 30,107,943 1,906,376 2,511,519 2,912,814
Loans to stockholders ........................................... 190,757 54,343 211,474 916,831 6~339,294 4,241,284 460,104 *9,566 136,649
Mortgage and real estate loans.............................. 1,341,370 24,347 4,673,082 141,379 1,130,565 69,187 -
-12,783 21,336
Other investments................................................. 8,031,753 2,020,521 31,099,325 46,606,799 163,060,333 198,432,837 9,221.807 921,819 11,984,294
Depreciable assets ................................................ 42,267,175 12,265,904 114,951,279 75,516,241 241,243,519 315,597,467 44,799,684 5,695,464 43,999,345
Less: Accumulated depreciation.. ......................... 24,135,742 6,744,175 50,855,102 40,311,300 115,483,845 166,980,468 22,498,347 3,289,662 23,115,579
Depletable assets.................................................. 5,035,866 *3,735 6,360,274 -107,488 5,845,181 46,558,934 * 26,708 139,354 1,431,308
Less: Accumulated depletion ............................... 184,648 -1,463 993,762 * 90,650 3,922,720 27,518,106 *12,719 28,427 237,337
Land .................................................................... 1,269,460 336,080 1,673,402 2,406,463 5,428,754 7,405,610 728,204 5,240,452 2,091,708
Intangible assets (amortizable) ............................... 651,102 1,958,572 4,008,205 29,941,600 33,879,594 42,120,133 3,397,039 683,971 5,674,339
Less: Accumulated amortization........................... 188,724 285,458 939,234 7,607,971 7,869,106 22,898,962 917,569 156,111 1,237,042
Other assets......................................................... 7,134,526 651,234 8,890,943 12,213,156 55,990,206 45,969,312 3,376,540 -718,886 6,421,968
Total liabilities......................................................... 62,539,310 22,775,407 159,002,800 177,200,555 567,677,098 565,889,459 67,090,080 19,164,091 71,209,869
Accounts payable ................................................. 5,367,513 2,643,461 17,000,071 15,007,797 59,981,260 47,293,470 7,381,438 1,564,303 6,592,323
Mortgages, notes, bonds payable less than 1 yr 3,886,836 1,563,234 7,528,631 11,544,766 35,854,355 28,317,431 6,063,620 522,151 3,625,645
Other current liabilities .......................................... 5,112,319 2,452,000 16,052,393 18,876,759 51,831,174 28,576,906 6,153,892 3,987,325 5,253,196
Loans from stockholders....................................... 1,128,134 520,360 1,974,901 3,923,768 8,186,347 5,982,749 1,301,854 175,101 1,294,024
Mortgages, notes, bonds payable 1 yr. or more.. 17,530,479 4,984,743 47,342,806 43,216,474 106,904,949 116,017,556 16,427,416 6,483,944 21,371,560
Other liabilities ...................................................... 4,700,803 1,225,227 15,726,465 15,737,530 83,738,534 84,297,152 7,002,984 4,851,070 7,844,448
Capital stock ......................................................... 2,125,385 1,084,822 8,012,886 10,228,730 29,971,831 18,682,265 3,614,223 984,474 3,516,510
Paid-in or capital surplus........................................ 9,666,456 3,027,369 21,636,800 38,054,424 117,588,626 121,148,807 11,757,226 970,696 16,890,285
Retained earnings, appropriated............................. -24,981 *899 89,308 60,059 962,679 460,613 43,742 1,054,238
Retained earnings, unappropriated ......................... 13,572,663 5,537,124 26,975,733 25,541,959 100,200,403 141,114,418 8,088,531 -95,121 6,112,076
Less: Cost of treasury stock ................................ 576,257 263,833 3,337,193 4,991,709 27,543,059 26,001,908 744,848 279,852 2,344,433
Total receipts .......................................................... 89,568,228 42,799,271 143,000,052 171,222,942 439,376,884 468,668,226 92,138,487 20,065,699 65,614,219
Business receipts .................. 86,772,376 42,029,223 137,365,982 163,064,058 407,689,732 441,496,226 89,398,586 19,376,790 61,718,495
Interest ..........................*,::::::::.,::.,:::.*::::::::.":::.,: 855,278 77,064 1,377,113 1,517,526 6,654,850 8,232,274 738,299 311,277 1,671.977
interest on Govt. oblig: State, local ........................ 11,615 11,505 22,435 45,418 134,963 33,807 11,643 *2,538 4,564
Rents ................................................................... 86,446 24,818 148,172 422,856 774,212 2,280,586 79,233 24,777 93,146
Royalties.............................................................. 48,410 41,566 775,455 1,247,532 5,740,173 1,076,978 602,419 52,865 389,012
Net shont-term capital gain reduced by
net long-term capital loss..................................... 5,825 2,685 56,957 21,801 128,508 18,439 3,113 2 30,110
Net long-term capital gain reduced by
net short-term capital loss .......... ........................ 628,343 49,581 1,338,440 955,617 2,407,037 1,200,892 134,992 4,569 488,987
Net gain, noncapital assets .................................... 163,368 14,855 184,653 270,687 811,399 1,634,501 147,750 2,610 199,138
Dividends received from domestic corporations.. 23,090 9,680 68,415 160,544 698,665 857,416 11,259 4,772 32,173
Dividends received from foreign corporations 163,306 54,337 402,931 259,721 5,253,499 3,895,226 429,762 13,797 276,671
Other receipts ....................................................... 810,171 483,957 1,259,498 3,257,181 9.083,847 7,941,881 581,431 271,702 709,947
Total deductions..................................................... 85,954,504 41,140,966 140,513,570 162,253,518 409,901,824 450,794,409 88,997,404 19,770,301 63,905,995
Cost of sales and operations.................................. 65,098,550 29.130,281 96,772,639 78,082,454 239,696,801 343,239,136 61,065,066 13,324,935 40,306,111
Compensation of officers....................................... 1,563,314 775,981 1,074,715 4,799,849 3,185,676 543,154 1,702,792 291,768 928,498
Salaries and vages ............................................... 3,816,730 2,451,822 8,494,144 22,416,167 33,916,052 10,138,512 5,263,342 1,235,981 4,046,754
Repairs ................................................................. 1,265,872 158,924 2,611,900 1,110,415 4,271,510 4,973,743 655,672 68,633 1,168,398
Bad debts............................................................. 165,825 179,353 303,430 1,256,168 782,989 475,209 250,341 45,494 245,842
Rent paid on business property .............................. 693,448 577,923 1,322,539 2,998,848 4,103,671 3,910,550 926,457 327,556 711,888
Taxes paid ............................................................ 1,845,386 1,040,333 2,802,669 4,965,576 8,077,735 20,786,083 1,908,993 940,722 1,595,943
Interest paid ......................................................... 1,941,487 565,323 .4,776,723 5,412,338 12,982,256 14,862,029 2,223,996 666,528 3,313,158
Contributions or gifts ............................................ 43,636 21,954 100,330 242,280 607,431 318,724 31,230 6,187 35,913
Amortization......................................................... 87,822 80,998 299,008 1,673,358 1,504,327 1,098,304 272,850 41,903 197,632
Depreciation ......................................................... 2,499,519 854,114 7,921,326 6,076,244 15,512,045 12,001,097 3,188,065 389,305 2,527,944
Depletion .............................................................. 524,776 *997 304,610 *5,391 312,314 2,095,185 -4,614 74,388 164,717
Advertising ........................................................... 382,628 678,438 1,110,596 3,250,474 12,979,626 1,069,023 911,756 401,569 368,240
Pension,profit-sharing,stock bonus, annuity plans 421,620 232,709 945,652 1,237,515 2,827,745 1,460,518 893,693 58,582 561,961
Employee benefit programs ................................... 861,899 668,681 2,976,922 3,587,755 8,342,899 3,002,807 1,936,283 204,929 1,377,135
Net loss, noncapital assets.................................... 23,304 37,023 143,891 279,420 310,426 97,924 123,875 6,140 77,910
Other deductions.................................................. 4,718,687 3,686,111 8,552,475 24,859,267 60,488,319 30,722,411 7,638,379 1,685,680 6,277,950
Total receipts less total deductions .......................... 3,613,724 1,658,305 2,486,482 8,969,424 29,475,060 17,873,817 3,141,083 295,399 1,708,224
Constructive taxable income from related
foreign corporations .............................................. 11,115 26,427 485,711 163,977 5,118,279 3,629,145 346,920 5,762 161,648
Not income (less deficit) .......................................... 3,613,224 1,673,227 2,949,757 9,087,983 34,458,376 21,469,154 3,476,360 298,623 1,865,309
Income subject to tax.............................................. 2,480,301 1,370,581 4,295,850 8,327,859 34,799,148 21,060,453 3,096,583 426,203 1,901,943
Income tax, total 2................................................... 904,591 468,528 1,658,327 2,905,057 12,404,694 7,483,474 1,092,387 146,486 680,647
Regular tax........................................................... 838,521 464,168 1,494,132 2,857,626 12,134,122 7,367,284 1,055,532 144,684 647,575
Personal holding company tax ............................... - - 1 -8
Recapture of investment credit .............................. 4 *39 -
39 353 2
Alternative minimum tax ........................................ 62,135 2,687 156,503 35,936 226,030 85,716 32,869 *494 30,021
Environmental tax................................................. 3,296 1,455 6,826 10,703 42,008 28,137 3,357 425 2,452
Foreign tax credit .................................................... 4,221 22,164 320,768 241,726 3,693,641 4,240,262 316,593 1,715 130,995
U.S. Possessions tax credit ...................................... 103 *4,861 *6,764 2,312,285 11,821 81581 18,752 4,112
Orphan drug credit .................................................. -
19,325
Nonconventional source fuel credit .......................... 3,860 28 63,865 283,288 24 3,767
General business credit........................................... 9,169 6,819 17,621 39,424 349,135 137,896 11,633 1,116 10,596
Prior year minimum tax credit .................................. 5,215 2,716 8,948 36,804 187,333 114,170 16,067 1,229 7,707
Total income tax after credits '........................ 882.125 436,726 1,306,102 2,578,789 5,779,110 2,696,036 739,490 123,674 523,471
Footnotes at ends of table. See laid for elExplanation of Temns'and 'Description of the Sample and Limitation of the Daia--

63
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS
Table 6-Balance Sheet Income Statement Tax, and Selected Other Items, by Major -Industry-ContlnuW
(All figure$ are estimates based on samples-oney amounts are in thowands of.dollars)
ior Industrv-Continued
nufacturing--Continued
Miscellaneous
Item Electrical Transportation manufacturing
Primary ' Fabricated Machinery, and Motor vehicles equipment, Instruments and and
metal industries metal products except electrical electronic and equipment except motor related products manufacturing
equipment vehicles not
allocable
(26) 127) (28) 129) (30) (31) (32) (33)

Number of returns, total........................................... 4,452 45,403 28,469 23,220 2.781 . 4,711 9,357 27,183
Total assets ............................................................ 135,142,047 134,668,225 257,218,959 513.M.819 427,929,510 142,315,531 146,392,402 00,620,218
3,863,509 6,066,163 11,641,147 20,676.237 11,401,759 6,382,361 6,600,846 4,686,902
Cash .....................................................................
24,025,907 28,248,191 71,388,024 152,026,971 132,827,951 28,598,709 32,750,697 14,917,099
Notes and accounts receivable...............................
451,944 494,807 1,504,793 6,465,042 1,333,221 .890,263 706,393 846,013
Lose: Allowance for bad debts ..............................
17,327,390 22,345,382 37,633,618 40,835,772 19,012,997 28,521,955 16,219,891 .10,721,794
Inventories ............................................................
290,232 418,715 . 987,414 16,021,285 *3,582,230 250,445 6,542,828 210,481
Investments In Government obligations ...................
-60,727 361,082 1,098,823 7,668,014 -3,475,196 -293,846 3,121,152 1,214,633
Tax-exempt securities ................................. ..........
5,118,325 4,427,063 12,881,493 .37,269,296 23,662,050 5,353,605 10,917,052 5,367,775
Other current assets .................................. :1..........
*
315,463 926,518 861,033 703,453 155,614 661,443 122,822 347,704
Loans to stockholders ............................................
'14,874 132,414 192,786 6,585,173 *15,320,783 *226,129 133,674 192,727
Mortgage and real estate loans...............................
Other investments ................................................. 18,811,641 20,404,692 40,983,323 94,687,078 78,784,970 17,781,420 26,245,058 20,308,778
Depreciable assets................................................. 92,977,975 73,623,426 122,886,280 176,618,987 169,781,069 71,209,e52 52,156,976 25,987,265
45,973,185 40,608,241 74,057,987 95,735,409 82,472,209 36,577,987 27,082,141 13,069,151
Less: Accumulated depreciation ...........................
Deplorable assets .................................................. 2,572-,462 69,876 130,527 74,185 733 '220,788 '553 43,795
Less: Accumulated depletion....................... 29,210 *29,301 '22,019 455 .'37,602 128 '41,164
Land..................................................................... 1,580,935 1,858,553 .2,737,622 2,g15,909 1,723,796 1,838,676 1,141,799 774,690
Intangible assets (amortizable)................................ 5,130,795 8,782,570 16,076,405 22,293,638 12,671,484 7,133,769 8,083,434 7,0",171
Less; Accumulated amortization .................... : 693,004 1,271,743 3,675,774 .5,325,665 1,691,359 848,"0 2,241,027 1,542.274
11,323,831 9,407,579 16,988,260 42,895,957 50,826,124 12,199,024 12,385,210 4,309,006
Other assets ................ t.........................................
Total bloftes I.................................................... 135,142,047 134,668,225 257,218,959 513,723.819 427,929,510 142,315,531 146.392,402 80,628,218
16,482,519 15,329,911 33,441,360 48,245,059 42,809,274 16,031,286 7,357,286
Accounts payable ..................................................
Mortgages, notes, bonds payable less then I yr 4,920,762 9,779,877 23,234,362 90,080,702 70,043,134 8,183,954 8,848,078 5,576,680
Other current liabilities :................................... 12670617 1 11 301 537 26 97 1 35 8,331 48,772,398 32,394,064 21,924,558 .12,807,716
2:501:0 9 3:638:360 2:83::'8'72 5:"094,814 1,968,164 634,298 1,420,379 2,305,079
Loans from stockholders ........................................
26,825,469 27,391,996 56,801,749 66,245,401 77,657,278 29,578,954 26,192,341 16,363,552
Mortgages, notes, bonds payable I yr. or more
30,572,859 11,690,066 27,255,760 121,753,345 114,519,035 17,824,701 17,284,727 .3,933,644
Other liabilities.......................................................
7,085,452 7,630,66 20,518,565 18,156,244 8,657,373 8,997,719 8,604,795 5,246,734
Capital stock ............................... .........................
Paid-in or capital surplus ........................................ 33,106,465 23,320,000 50,318,849 69,420,542 56,914,861 11,013,375 25,258,208 17,061,158
Retained earnings, appropriated.. ........................... 50,460 111,970 3,775,238 44,279 -~O,753 *lel,691 3,571,590 73,584.
2,651,664 28,095,458 16,300,550 69,843,692 7,734,773 .26,523,673 22,147,435 11,612,584
Retained earnings, unappropriated ........................
1,725,241 3,621,552 6,242,015 10,368,591 1,167,534 3,862,954 4,890,995 1,709;800
Less: Cost of treasury stock .......................
Total receipts .......................................................... 134.054,472 186,466.121 287,011,155 376,941,223 354,658,361 165,061.688 128,384,938 85,457,715
Business receipts ................................................... 129,848,948 182,267,601 256,037,190 348:4111,:663 316683277
1 155904993 119309,391 80,996,820
Interest.................................................................. 1,280 188 880,757 3,713,806 12 3 188 4:184:048 2:684:172 2:321,853 809,657
Interest on Govt. oblig: State, local ......................... 8:825 32,792 154,168 158,065 31,787 163,480 84,253
Rents .................................................................... 523;833 214,668 7,506,594 770,898 9,268,370 1,667,940 1,080,055 334,036
Royalties ............................................................... 204~923 429,509 12,369,697 2,962,139 369,814 392,644 1,624,519 582,656
Net short-term capital gain reduced by
net long-term capital loss..................................... 5,674 ~0,862 33,197 118,697 70,458 23,281 140,702 92,636
Net long-term capital gain reduced by
193,708 245,25i 835,680 3,224,333 536,079 278,232 404,624, 805,922
net short-term capital loss ....................................
234,248 237,635 377,289 1,595,384 2,136,254 1,070,293 402,079 114,515
Net gain, noncapital assets ....................................
Dividends received from domestic corporations 63,194 244,566 133,268 279,089 110,194 98,683 63,863 .558,060
Dividends received from foreign corporations.......... 242,973 381,754 1,683,902 2,109,406 738,801 1,305,835 .812,514 307,784
Other receipts ....................................................... 1,447,959 1,510,724 .4,166,365 .3,802,738 10,402,998 1,603,827 2,061,859 771,376
Total deductions....................................................... 135,079,960 179,645,792 283,638,449 358,497,165 345,974,512 159,086,891 1122,444,771 81,134,397
102,351,094 128,244,086 177,135,480 220,802,307 241,343,318 118,041,622 69,673,622 50,742,132
Cost of sales and operations..................................
1,057,546 5,262,318 4,009,305 4,482,183 . .876,127 772,863 1,817,432 2,056,923
Compensation of officers.......................................
Salaries and wages ................................................ 4,764,352 10,677,499 26,915,488 36,101,011 13,502,636 9.090,875 15,652,340 7,105,737,
2,381,855 893,012 2,317,780 2,334,032 2,380,498 998,099 463,273 431,360
Repairs............ :....................................................
Bad debts .............................................................. 227,444 425,745. 903,924 3,0~7,559 .1,224,951 301,409 312,756 463,587
Rent paid on business property ................. ............. 1,002,919 1,532,605 3,689,208 4,310,324 2,415,184 1,306,443 1,608,872 1,059,963
I
Taxes paid ............................................................ 2,546,256 4,437,539 6,122,035 7,580,728 6,084,931 3,166,971 2,683,802- 1,733,813
3,088,207 3,472,060 7,486,499 15,464,406 14,038,482 3,583,008 3,245,429 2,122,383
Interest paid ..........................................................
44,165 64,599 127,499 231,281 225,049 86,962 131,098 41,459
Contributions or gifts .............................................
Amortization .......................................................... 263,120 430,878 933,692 1,052,686 569,151 273.428 516,860 371,255
Depreciation .......................................................... 5,224,594 .5,105,070 9,512,586 18,758,717 17,778,244 3,760,559 3.,677,623 2,201,292
325,623 5,553 19,371 . 582 18,886 23,077 6 . 5,673
Depletion .................... ........................ :................
Advertising. ........................................................... 246,634 1,588,431 2,582,621 4,193,299 3,416,671 388,463 2,479,631 2,198,061
Pension,profit-sharing,stock bonus, annuity plans 1,784,804 1,098,440 2,002,520 2,371,551 6,923,825 1,334,794 11015,518 367,120
Employee benefit programs .................................... 2,928,231 3,522,222 7,157,794 7,634,252 13,158,428 3,436,018 2,805,196 1,~32,610
Net loss, noncapital assets ..................................... 151,i78 117,142 612,821 1,469,187 46,905 184,177 164,318 1.18,950
Other deductions ................................................... 6,691,739 12,768,595 32,109,824 28,663,060 21,971,245 12,338,123 16,196,998 8,7182,080
Total receipts less total deductions ........................... -1,025,488 6,820,328 3,372,707 18,444,058 8,683,849 5,974,797 5,940,167 4,323,318
t
Constructive taxable income from related
foreign corporations .............................................. 156,599 437,277 2,642,211 1,672,659 7,254,801 310,578 872,556 229,739
Net income (less deficitl ........................................... -877,714 7,224,814 5,860,750 15,780,585 6,253,687 6,649,242 4,468;804
Income subject to tax, ............................................... 2,255,770 5,848,462 8,169,415 21,751,311 13,601,061 6,252,817 7,224,313 4.047,202
Income tax, total I ................................................... 836,12i 2,013,037 2,866,702 7,650,691 5,125,245 2,245,667 2,509,696 1,412,873
Regular tax............................................................ 779,998 1,952,594 2,793,677 7,560,923 4,751,689 2,181,060 2,477,213 1,382,997
Personal holding company tax................................
Recapture of investment credit ............................... 23 26 5;530 3619 943
Alternative minimum tax .......................... 51,905 5;3662 492 49:284 352,223
18 47,426 23,497 24,437
i * 8,529 4,805
Environmental tax.................................................. 3,464 5,969 9,906 26,601 21,173 9,993
Foreign tax credit .................................................... 125,099 281,899 676,049 1,051,056 2,683,646 128,427 510,301 197,791
U.S. possessions tax credit...................................... 18 5,586 *46,990 11010,851 12,577 740 412,228 24,894-
Orphan drug credit................................................... 1,161
119 .1 1,287 42 2,051 *30
Nonconventional source fuel credit...........................
General business credit ............................................ 7,680 22,665 129,109 224,815 401,164 14,865 65,076 30,099
Prior year minimum tax credit ................................... 29,331 24,643 30,426 253,133 84,267 12,787 53,913 8,226
673,875 1,678,243 1,982,842 5,110,836 1.943,548 2,086,796 1,467,018 1,151,833
Total income tax after credits 3 .........................
Footnotes at arx! of table. See test for OExplanation of Toms' and ~Descfiption of the Sample and Limitation of the Dats.4

64
 Corporation Returns/ 1 993
RETURNS OF ACTIVE CORPORATIONS
Table 6-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
fAll figures are estimate, based on samplas-oney amounts are in thousands of dollar,)

Maqor industry--Continued
Transportation and public utilities Wholesale and retail trade

Wholesale trade
Its. Electric,
Total Transportation Communication gas, and Total Groceries Machinery, Miscellaneous

sanitary Total and related equipment, wholesale

services products and supplies trade

(34) (35) J36) 437) (38) (39) (40) (41) (42)

Number of returns, total .......................................... 175,980 142,775 18,314 14,890 1,072,980 337,691 24,137 52,898 260,656

Total assets............................................................ 1,770,691,651 311,758,605 626,623,250 832,309,796 1,702,833,504 839,879,511 50.906,853 71,934,210 717,038,448

Cash.................................................................... 34,137,234 14,712,106 11,498,945 7,926,183 89,324,197 40,096,821 2,698,475 4,915,223 32,483,123
Notes and accounts receivable .............................. 196,813,030 37,517,206 107,880,246 51,415,578 349,288,052 222,106,061 14,700,107 21,341,695 186,064,259
Less: Allowance for bad debts .............. q.............. 5,436,980 11011,199 3,061,655 1,364,126 8,509,746 4,841,444 314,108 416,880 4,110,457
Inventories ........................................................... 28,035,020 5,218,760 5,612,891 17,203,369 449,801,204 218,025,059 12,115,976 23,128,631 182,780,452
Investments in Government obligations .................. 8,125,062 1,405,649 3,417,411 3,302,002 35,964,895 32,440,003 49,998 148,275 32,241,730
Tax-exempt securities ........................................... 2,909,927 402,527 2,077,284 430,116 24,246,912 2,735,462 43,490 93,783 2,598,188
Other current assets............................................. 74,690,308 15,518,744 27,946,709 31,224,856 134,352,318 89,378,970 1,601,910 2,953,912 84,823,148
Loans to stockholders........................................... 2,579,854 1,387,833 447,772 744,249 14,379,091 4,562,168 372,724 586,931 3,602,514
Mortgage and real estate loans .............................. 2,478,377 722,501 99,894 1,655,982 7,361,856 1,973,603 227,386 147,026 1,599,192
Other investments ............................ .................... 283,077,402 37,023,481 169,963,294 76,090,626 165,849,236 73,706,619 3,185,376 5,749,909 64,771,335
Depreciable assets .......... q... ................... q.............. 1,476,266.844 287,431,453 400,742,394 788,092,997 551,727,604 204,155,652 21,155,839 21,079,630 161,920,183
Less: Accumulated depreciation ........................... 565,276,152 118,267,819 176,427,920 270,580,413 259,986,140 102,658,059 10,791,408 11,408,597 80,458,055

Depletable assets .................................................. 11,218,807 816,584 9,728 10,392,495 4,010,595 3,495,793 *36,905 29,773 3,429,116

Lem: Accumulated depletion ............................... 5,021,014 253,959 508 4,766,546 1,374,086 1,143,332 -12,785 9,953 1,120,594

Land .................................................................... 14,170,163 6,103,977 3,886,931 5,179,254 42,595,046 11,227,187 1,093,804 1,091,204 9,042,179
Intangible assets (amortizable) ............................... 81,824,061 10,244,599 61,074,826 10,504,637 60,183,833 28,800,729 3,953,152 1,439,206 23,408,371
Less: Accumulated amortization ........................... 15,277,070 1,843,443 10,970,784 2,462,843 14,804,999 6,240,570 741,244 502,303 4,997,024
Other assets ......................................................... 145,376,779 15,629,605 22,425,794 107,321,380 58,423,636 22,058,789 1,531,255 1,566,744 18,960,789

Total liabilities.......................................................... 1,770,691,651 311,758,605 626,623,250 832,309,796 1,702,833,504 839,879,511 50,906,853 71,934,210 717,038,448

Accounts payable : ......................................... 93,853,060 26,696,718 28.718,108 38,438,234 282,229,517 162,084,998 12,155,824 16,428,478 133,500,695

Mortgages. notes, bonds payable less than 1 yr..... 133,904,128 17,514,031 85,338,675 31,051,422 295,881,221 188.749,274 4,640,963 11,727,454 172,380,857

Other current liabilities .......................................... 138,323,374 39,725,646 45,145,819 53,451,909 210,474,721 109,099,967 4,803,214 5,593,371 98,703,382
Loans from stockholders....................................... 13,561,312 7,059,769 4,701,283 1,800,259 57,898,990 22,011,353 1,310,101 2,679,929 18,021,323
Mortgages, notes, bonds payable I yr. or more 510,987,466 07,589,425 152,436,139 270,961,903 298,140,122 122,785,345 10,564,656 10,811,099 101,409,589
Other liabilities ...................................................... 300,238,812 49,859,891 84,577,184 165,801,737 109,617,058 29,819,117 1,726,943 2,344,364 25,747,809
Capital stock ......................................................... 172,692,164 20,878,774 39,818,184 111,995,206 89,326,258 48,833,594 2,032,556 4,858,912 41,942,127
Paid-in or capital surplus. ....................................... 292,917,827 49,076,889 162,268,467 81,572,471 167,223,913 67;373,829 4,063,817 6,267,205 57,042,807
Retained earnings, appropriated... ...................... 12,153,025 1,702,923 7,293,327 3,076,774 1,069,633 482,415 91,189 78,214 313,013
Retained earnings. unappropriated........ ................. 120,610,234 16,492,649 27,164,337 76,953,249 216,285,755 100,276,192 10,386,595 12,458,717 77,430,879
Less: Cost of treasury stock ................................ 18,549,751 4,918,110 10,838,272 2,793,368 25,313,684 11,636,572 869,006 1,313,533 9,454,032
Total receipts.......................................................... 1,037,156,438 385,169,602 291,889,491 360,097,344 3,709,494,745 1,754,646,773 233,541,617 146,103,401 1,375,001,755

Business receipts .................................................. 981,004,201 369,808,333 267,591,094 343,604,774 3,623,042,583 1,717,487,539 230,145,618 142,781,128 1,344,560,792

Interest................................................................ 15,789,522 3,337,384 6,552,945 5,899,193 26,165,726 13,441,251 475,575 663,100 12,302,577

Interest on Govt. oblig: State, local........................ 305,680 41,513 141,876 122,291 1,538,968 240,527 15,082 19,816 205,629

Rents ................................................................... 10,809,350 3,688,711 4,988,020 2,132,620 6,642,040 2,999,332 237,804 321,995 2,439,534

Royalties .............................................................. 637,406 97,805 394,807 144,794 3,731,452 1,023,552 -21,490 36,539 965,523
Not short-term capital gain reduced by
net long-term capital loss ..................................... 205,292 45,278 81,751 78,263 386,648 145,539 8,390 4,057 133,091
Net long-term capital gain reduced by
net short-term capital loss ................................... 3,200,742 739,715 1,174,736 1,286,291 3,112,816 1,420,872 71,104 160,212 1,189,556
Net gain, noncapital assets ............ q .................. qqq.. 3,982,157 1,756,646 666,313 1,559,199 3,912,473 2,349,489 62,308 341,252 1,945,928
Dividends received from domestic corporations...... 1,300,260 125,081 775,258 399,921 746,849 371,218 24,825 10,350 336,043
Dividends received from foreign corporations 222,228 88,019 113,218 20,991 1,039,876 732,547 16,618 59,048 656,881
Other receipts ....................................................... 19,699,598 5,441,118 9,409,474 4,849,007 39,175,313 14,434,906 2,462,802 1,705,904 10,266,201
Total deductions ..................................................... 984,901,013 380,811,516 267,469,766 336,619,732 3,659,764,518 1,734,148,049 231,"5,081 143,057,819 1,359,645,149

Cost of sales and operations .................................. 393,351,737 147,519,370 75,486,785 170,345,582 2,786,432,350 1,419,008,182 198,564,365 107,087,326 1,113,356,492

Compensation of officers............. q .............. q .......... 9,093,080 5,671,935 1,729,703 1,691,442 55,085,347 27,736,135 2,235,272 4,110,212 21,390,651
Salaries and wages............................................... 107,527,087 67,444,760 25,032,310 15,050,017 273,688,860 85,092,882 10,982,047 10,541,839 63,568,996
Repairs ................................................................. 33,125,429 10,494,735 10,361,976 12,268,718 15,590,081 4,887,066 765,103 573,053 3,548,911
Bad debts ;...................................................... 7,893,704 1,228,871 5,060,987 1,603,846 10,462,100 4,033,286 402,788 468,655 3,161,843
Rent paid an business property .............................. 30,670,266 20,884,375 5,632,159 4,153,732 66,225,424 14,409,670 1,679,838 1,577,120 11,152,713
Taxes paid............................................................ 45,346,357 14,135,263 10,894,060 20,317,034 56,018,916 20,480,009 2,235,904 1,992,091 16,252,014
Interest paid..................... q ................................... 53,421,303 9,660,374 17,943,750 25,817,179 46,771,670 20,387,949 1,443,499 1,719,179 17,225,271
Contributions or gifts ............................................ 653,649 117,485 272,895 263,269 816,826 354,980 50,973 47,351 256,657
Amortization ......................................................... 6,883,761 756,685 5,056,191 1,070,885 4,719,777 2,051,192 251,013 155,121 1,645,058
Depreciation................ qq....................................... 88,531,032 21,337,284 32,632,746 34,561,002 50,377,911 22,374,771 1,718,409 2,452,366 18,203,995
Depletion .............................................................. 946,612 163,431 12,759 770,422 270,206 248,015 *3,662 5,819 238,535
Advertising ........................................................... 7,125,295 2,153,228 4,493,494 478,573 43,833,647 12,916,175 960,986 746,316 11,208,872
Pension,profit-sharing.stock bonus, annuity plans 7,333,058 3,600,423 1,370,856 2,361,778 7,961,007 3,859,621 519,777 497,403 2,842,442
Employee benefit programs................................... 22,878,728 9,893,759 8,350,615 4,634,354 22,751,327 7,958,170 1,278,265 1,057,669 5,622,236
Net loss, noncapital assets .................................... 2,134,363 297,060 1,159,272 678,031 2,203,115 986,765 106,346 100,979 779,440
Other deductions.................................................. 167,985,551 65,452,477 61,979,207 40,553,868 216,555,956 87,363,181 8,246,836 9,925,323 69,191,022
Total receipts less total deductions .......................... 52,255,424 4,358,087 24,419,726 23,477,612 49,730,227 20,498,724 2,096,536 3,045,582 15,356,606
Constructive taxable income from related
foreign corporations.............................................. 935,606 134,816 676,202 124,588 1,523,549 1,114,458 *1,231 18,934 1,094,292
Net income (less deficit) .......................................... 52,885,350 4,451,390 24,954,051 23,479,909 49,714,808 21,372,655 2,082,685 3,044,700 16,245,270
Income subject to tax.............................................. 56,805,017 7,886,087 25,825,363 23,093,568 48,061,933 19,697,361 1,975,607 2,332,064 15,389,690
Income tax, total I................................................... 20,717,373 2,910,421 9,173,179 8,633,773 16,373,907 6,713,280 666,739 739,733 5,306,808
Regular tax........................................................... -19,667,270 2,628,811 8,991,092 8,047,367 15,690,940 6,394,600 658,728 720,943 5,014,928
Personal holding company tax ............................... '344
Recapture of investment credit .............................. 14,374 3,503 10,871 *11,412 *838 142
Alternative minimum tax ........................................ 948,213 270,635 136,544 541,034 623,544 292,615 6,220 16,165 270,230
Environmental tax................................................. 94,339 11,145 41,570 41,624 50,128 17,905 1,943 1,568 14,394
Foreign tax credit .................................................... 343,148 60,433 262,007 20,708 732,257 415,049 2,565 13,856 398,627
U.S. possessions tax credit...................................... 82,567 15 82,552 22,269 2,186 - 128 2,058
Orphan drug credit.................................................. - - -

Nonconventional source fuel credit.......................... 210,874- 131,343 17,181 162,349 57,070 57,022 538 *1,761 '54,724
General business credit........................................... 519,988 64,775 177,790 277,423 280,603 62,526 6,253 3,279 62,994
Prior year minimum tax credit .................................. 657,825 78,025 359,064 220,736 128,958 52,423 4,502 6,955 40,966
Total income tax after credits 3 ........................ 18,902,929 2,675,830 8,274,584 7,952,515 15,152,750 6,124,073 1 652,880 713,754 4,757,439
Footnotes fit and of table. See tat for 'Explanation at Tariffs- and 'Description of the Sao%,* and Limitation of the Date.'

65
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table 6-Balance Sheet Income Statement Tax, and Selected other Items, by Major Industry-Continued
(All figures are estimates based on samples-money amounts are in thousands of dollars)

.., l"dd-Comi... d
trade-Continued
Retail trade
Item Building Automotive Furniture Wholesale
materials, General dealers Apparel and and Eating and Miscellaneous and retail
Total garden supplies merchandise Food stores and accessory home drinking retail trade not
and mobile stores service stores furnishing places stores allocable
home dealers stations stores
(43) (44) (45) (46) (47) (48) (49) (50) (51) (52)
Number of returns, total........................................... 729,238 43,318 8,174 69,930 101,231 43,275 42,507 183,973 236,830 6,055
Total assets ............................................................ 859,815,028 42,456,906 295,915,371 106,012,944 124,646,313 53,414.381 29,846,786 83,181,493 124,340,833 3,138,965
Cash ..................................................................... 48,770,908 2,324,133 8,588,268 7,390,562 8,693,294 2,786,843 2,477,085 5,954,747 10,555,976 456,468
Notes and accounts receivable ............................... 126284840 7,058,666 59,449,573 7,385,345 16,443,626 6,190,016 6,254,984 4,153,305 19,349,332 897,151
Less: Allowance for bad debts.............................. 3:656:814 118,217 1,937,668 95,814 225,344 207,565 171,254 169,829 731,122 11,487
Inven!ories....................... : .................................... 231,142,888 14,678,044 49,924,356 22,809,796 65,333,690 17,253,497 11,486,445 2,701,096 46,955,964 633,256
Investments in Government obligations................... 3,524,891 -44,698 2,470,339 322,824 150,944 68,703 *55,088 93,183 319,113 -
Tax-exempt securities ............................................. 21,511,450 -18,924 -20,602,496 486,389 48,292 .-59,631 87,800 -29,042 178,875
Other current assets .............................................. 44,785,105 1,883,398 25,814,088 3,164,546 3,250,609 2,931,854 1,008,172 2,331,055 4,401,382 188,243
Loans to stockholders............................................ 9,789,377 .341,136 3,295,463 359,444 1,385,917 708,106 242,923 1,608,533 1,847,856 27,546
Mortgage and real estate loans ............................... 5,377,697 546,301 3,686,852 187,831 190,393 63,832 57,731 407,783 236,975 *10,556
Other investments ................................................. 91,881,190 2,403,253 53,534,558 6,599,670 4,141,469 8,044,118 1.773,712 8,877,898 6,506,512 261,427
Depreciable assets:.. ....................................... 346,690;671 17,066,775 76,247,088 70,638,745 37,777,402 21,797,827 10,364,000 66,610,966 46,187,868 881,281
Less: Accumulated depreciation ........................... 156,852,811 7,898,830 26,907,849 32,439,323 19,497,787 9,654,543 5,181,061 30,921,841 24,351,576 475,270
Depletable assets.... .............................................. 501,675 *51,791 115,484 -33,216 -26,104 -30,817 -13,479 150,415 80,370 13,127
Less: Accumulated depletion ................................ 225,627 * 11,620 - 57,743 - *9,079 *3,428 *23,984 *7,468 68,011 *44,293 *5,127
Land ..................................................................... 31,308,874 2,629,715 8,254,053 5,758,817 3,922,176 645,215 450,517 7,089,372 2,559,008 58,985
Intangible assets (amortizable) ............................ 31,257,966 ' 986,502 4,221,410 5,328,872 1,953,830 2,366,166 692,810 7,991,644 7,716,712 125,138
Less: Accumulated amortization ................. 8,519,584 265,962 740,263 983,265 857,860 514,458 160,642 2,607,159 2,389,974 44,845
Other assets.......................................................... 36,242,330 718,202 9,354,870 9,074,368 1,912,984 868,293 402,466 8,949,294 4,961,855 12i,~;117
Total liabilities .................... ; ..................................... 859,815,028 42,456,906 295,915;371 106,012,944 124.646,313 53,414,381 29,8",786 83,181,493 124,340,833 3,138,965
Accounts payable .................................................. 119,571,206 6,422,609 36,649,589 18,520,990 11,681,386 8,686,996 5,495,391 6,258,377 25,855,869 573,314
Mortgages, notes, bonds payable less than 1 yr L. 106,498,548 3,400,251 21,408,278 6,927,874 53,306,041 4,370,239 2,417,139 - 4,811,884 9,856,841 633,400
Other current liabilities........................................... 101,124,453 3,007,934 50,526,704 11,384,647 7,722,503 5,802,306 3,092,734 7,622,201 11,965,424 250,300
Loans from stockholders........................................ 35,619,273 2,028.810 2,518,189 2,689,036 7,347,901 2,240,657 1,162,174 8,114,717 9,517,789 268,365
Mortgages, notes, bonds payable 1 yr. or more.. 174,882'605 9,319,767 51,931;359 34,961,232 17,275,433 7,71111,114 4,414,851 28,030,473 21,238,376 472,173
Other liabilities... .................................................... 79,698,950 1,266,193 48,017,692 '9,987',716 1,870,038 2,193,607 1,446,748 9,562,820 - 5,354,135 98,991
Capital stock ......................................................... 40,207,686 1,970,618 7,370,996 4,573,950 6,036,820 4,173,922 1,917,382 7,202,103 6,961,896 284,978
Paid-in or capital surplus........................................ 99,643,449 4,422,459 34,129,625 9,525,746 8,686,900 8,540,952 3,120,584 12,530,982 18,486,202 206,634
Retained earnings, appropriated ............................. 574,649 *33,398 *32,292 66,958 . 74,919 * 126,568 66,889 63,193 116,431 -12,569
Retained earnings, unappropriated .......................... 115,598,069 11,376,488 45,406,111 8,758,484 12,263,688 10,529,403 7,953,602 2,087,312 17,222,979 411,495
Less: Cost of treasury stock.................................. 13,603,859 791,622 2,075,463 1,383,688 1,819,317 961,384 1,240,709 3,102,570 2,229,108 73,253
Total receipts .............................. ........................... 1,947,033,662 97,790,433 330,719,918 359,746,018 515,222,200 103,278,124 66,505,274 160,368,835 313,402,860 .7,814,310
Business receipts ................................................... 1,897,931,943 95,959,372 313,426,207 353,911,970 507,283,914 100,174,447 64,860,437 154,244,755 308,070,841 7,623,101
Interest ................................................................. 12,677,963 647,044 7,464,286 455,211 979,743 667,340 414,841 1,100,340 949,158 46,511
Interest on Govt. oblig: State, local ......................... 1,297,894 26,080 1,132,540 44,940 8,224 25,282 8,998 13,912 37,00 .547
Rents................................................................... : 3,638,131 95,747 1,499,680 802,771 222,726 245,084 49,825 503,982 218,317 -4,577
Royalties ............................................................... 2,707,844 213,939 393,824 71,641 4,315 519,455 17,028 989,441 498,201 56
Net short-term capital gain reduced by .
net long-term capital loss ..................................... 233,191 9,658 i62,604 7,196 17,129 *2,395 928 11,530 21,750 *7,919
Net long-term capital gain reduced by
net short-term capital loss.;.................................. 1,674,193 65,854 .674,614 118,038 110,568 213,520 98,548 251,221 141,830 *17,751
Net gain, noncapital assets .................................... 1,562,418 46,238 162,672 167,163 523,377 13,374 49,519 346,029 254,046 566
Dividends received from domestic corporations 373,486 18,094 193,997 39,177 12,113 67,998 5,558 13,075 . 23,474 2,145
Dividends received from foreign corporations .......... 306,335 *33 -58,178 -10,745 140 *34,871 87,364 113,090 1,914 994
Other receipts........................................................ 24,630,262 708,373 5,551,317 4,117,165 6,059,951 1,314,359 - 912,228 '2,781,461 3,185,408 110,145
Total deductions................. .................................... 1,918,022,260 95,513,235 323,058,911 355,432,397 511,150,095 101,207,483 65,446,893 157,423,178 308,790,068 7,594,269
Cost of sales and operations ............. .................... 1,361,813,955 69,147,493 213,166,343 267,415,911 435,611,728 61,025,616 41,569,354 64,459,462 209,418,047 5,610,213
Compensation of officers .......................... - ........... 27,063,425 2,201,461 927,766 2,124,253 6,027,254 1,524,157 1,801,782 4,186,205 8,270,557 285,786
Salaries and wages............. ! : :................. 188,031.142 9,423,104 36,905,181 35,320,256 25,445,069 12,674,448 ~7,1118,1178 30,246,097 30,898,809 564,836
Repairs....... ......................................................... 10,680,355 511,251 1,571,216 2,268,485 1,455,608 513,822 362,358 2,485,254 1,512,362 22,660
Bad debts ............................ ................................ 6,410,550 299,255 2,976,182 358,505 548,887 418,516 383,971 258,500 1,166,733 18,264
1
Rent paid on business property .............................. 51,701,641 1,720,939 8,175,328 .6,835,270 5,482,716 7,049,785 2,469,364 9,622,082 10,346,155 114,112
Taxes paid.. .......................................................... 35,422,776 1,826,190 6,567,276 5,516,688 5,423,425 2,297,953 1,380,394 6,707,367 5,703,483 116,132
Interest paid ............... :.......................................... 26,299,409 1,412,761 8,750,647 3,574,571 3,672,922 1,144,275 714,388 3,779,057 3,250,787 84,312
Contributions or gifts ............................................. 460,697 18,620 170,453 73,131 31,139 41,820 20,122 38,024 67,387 1,149
Amortization .......................................................... 2,660,172 76,887 375,058 319,609 251,180 188,749 50,971 634,262 763,456 8,4 13
Depreciation .......................................................... 27,893,881 1,220,650 6,153,379 5,255,278 3,501,752 1,958,994 911,079 4,699,518 4,193,231 109,260
Depletion.............................................................. 21,276 7,949 *233 -2,474 *11,537 *866 *8,097 914
Advertising ............................................................ 30,867,907 1,220,378 6,326,120 3,224,483 4,842,116 2,033,706 2,691,573 4,399,701 6,129,831 49,565
Pension,profit-sharing,stock bonus, annuity plans 4,072,370 266,343 958,244 1,027,175 406,213 261,415 165,026 275,422 712,532 29,016
Employee benefit programs.................................... 14,735,147 558,678 3,214,929 4,180,374 2,151,557 742,904 392,761 1,679,498 1,814,447 58,011
Net loss, noncapital assets...................................... 1,214,766 32,473 158,216 212,149 48,986 179,123 58,297 222,160 303,361 * 1,5i4
Other deductions................................................... 128,672,793 5,568,811 26,662,453 17,726,027 16,247,069 9,150,663 5,357,275 23,729;703 24,230,793 .519,980
Total receipts less total deductions ........................... 29,011,402 2,277,198 7,661,007 4,313,621 4,072,105 2,070,640 1,058,381 2,945,657 4:612,792 220,101
Constructive taxable income from related
foreign corporations .............................................. 409,091 92,421 1,675 *313 29,019 231,501 54,161
Net income ([am deficitIl ............................... 28,122,598 2,251,118 6,620,888 4,270,356 4,064,195 2,074,378 1,049,383 3,163,246 4,629,033 219,555
Income subject to tax .............................................. 28,133,940 1,964,480 7,691.877 4,396,932 2,062,587 2,964,140 887,431 3,436,970 4,729,525 230,631
Income tax, total I ................................................... 9,585,574 636,535 2,914,199 1,517,929 629,813 993,021 266,987 1,135,838 1,491,253 75,054
Regular tax ............................................................ 9,221,515 627,886 2,676,870 1,489,127 601,487 987,202 264,704 1,121,222 1,453,018 74,825
Personal holding company tax ................................ *183 - -
Recapture of investment credit ............................... *574 *104 *470 (1) -
Alternative minimum tax........................................ 330,929 7,746 225,232 22,331 29,248 2,361 1,677 10,626 31,708 -
Environmental tax .................................................. 31,994 1,718 12,097 5,683 682 3,458 547 3,725 4,083 229
Foreign tax credit.. .................................................. 316,382 *94 -45,236 1,734 *38 12,707 *693 241,392 14,488 826
U.S. possessions tax credit ...................................... 20,082 - 14,639 3,128 642 - 1,604 69
Orphan drug credit ..................................................
Nonconventional source fuel credit........................... *48 *46 -2
General business credit............................................ 218,077 7,334 51,978 49,117 6,874 10,600 3,262 73,415 15,497
Prior year minimum tax credit ............................ 76,535 3,587 -7,068 42,374 11,777 -1,593 *1,149 3,542 5,444
Total income tax after credits I ......................... 8,954,449 625,520 2,795,232 1,421;575 610,482 968,121 261,883 815,883 1,455,753 74,228
Footnotes at end of table. See text for wExptantion 7f Temns~ and oDescription of this Sample end Unstation of the Data.'

66
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table 6-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
(All figures ate estimates based on samples.-money amounts are in thousands of dollars)

i tinued
Fi al estate
Holding
Item Credit Security, Insurance and other
Total Banking agencies commodity Insurance agents, Real investment
other than brokers brokers, and estate companies,
banks and services service except bank
holding companies
(53) (54) (55) (56) (57) (58) (59) (60)
Number of returns, total.......................................... 641,397 10,673 24,437 18,894 8,834 69,027 452,152 57,380
Total assusts ............................................................ 12,831,680,335 4,404,686,561 1,809,995,576 759,540,089 2,809,380,576 41,405,602 355,350,515 2,651,321,416
Cash .................................................................... 471,203,424 301,052,470 65,223,822 18,773,367 25,422,961 7,866,368 23,372,532 29,491,904
Notes and accounts receivable .............................. 2,842,542,049 2,005,329,255 345,982,113 155,991,015 161,964,212 10,536,079 20,563,674 142,175,700
Less: Allowance for bad debts............................. 75,445,118 55,058,053 17,298,590 265.909 1,471,579 75,181 814,248 461,557
Inventories........................................................... 20,966,238 151,678 599,385 405,394 2,875,549 *1,598 16,395,716 536,917
Investments in Government obligations.................. 1,203,984,868 567,905,629 68,214,492 34,084,224 253,736,728 483,847 1,376,587 278,183,362
Tax-exempt securities ........................................... 647,436,485 70,245,765 21,785,029 2,102,348 231,360,587 631,603 1,045,886 320,265,266
Other current assets............................................. 1,042,809,874 208,085,475 96,879,355 323,907,914 286,357,711 2,719,584 23,303,722 101,556,114
Loans to stockholders ........................................... 30,425,980 1,781,838 9,811,641 1,168,048 3,241,588 789,553 5,645,439 7,987,872
Mortgage and real estate loans ............ ........... 1,573,976,862 413,528,343 895,083,705 6,049,486 227,746,465 206,697 14,781,505 16,580,661
Other investments................................................. 4,009,716.216 481,551,577 224,699,943 147,792,176 1,419,468,666 10,861,611 52,538,332 1,672,803,912
Depreciable assets ................................................ 423,819,124 103,528,960 28,871,409 11,013,382 47,475,961 7,813,151 185,580,134 39,536,127
Less: Accumulated depreciation........................... 147,239,098 45,757,795 12,384,271 5,598,798 10,417,838 4,513,757 59,091,318 9,475,320
Depletable assets .................................................. 1,541,221 7,695 14,882 *60,086 232,337 1 7,140 746,506 462,575
Less: Accumulated depletion. .............................. 490,860 -3,321 3,826 *42,505 102,108 *6,180 199,411 133,509
Land .................................................................... 74,620,388 7,937,659 2,781,027 264,516 2,213,271 280,056 53,544,953 7,598,907
Intangible assets (amortizable)............................... 52,020,839 19,228,879 11,159,610 3,426,814 7,614,523 2,854,370 4,297,537 3,439,106
Less: Accumulated amortization. .......................... 14,539,550 4,379,548 3,288,829 1,243,737 2,249,593 1,112,833 1,455,323 809,686
Other assets ......................................................... 674,331,395 329,550,056 71,864,679 61,652,269 153,911,136 2,051,897 13,718,294 41,583,064
Total liabilities......................................................... 12,831,680,335 4,404,686,561 1,809,995,576 759,540,089 2,809,380,576 41,405,602 355,350,515 2,651,321,416
Accounts payable ................................................. 482,404,976 139,315,690 73,106,308 138,395,498 44,108,527 12,584,486 10,284,373 64,610,094
Mortgages, notes, bonds payable less than 1 yr 669,324,501 170,279,716 269,326,738 55,193,230 62,920,374 2,228,702 30,060,963 79,314,777
Other current liabilities .......................................... 5,125,846,610 3,228,554,786 758,138,742 463,975,296 585,578,525 4,899,542 18,251,597 66,448,122
Loans from stockholders ....................................... 97,606,255 8,466,637 28,156,490 2,171,407 8,221,508 947,388 40,629,320 9,013,505
Mortgages, notes, bonds payable 1 yr. or more 897,765,772 207,110,484 368,526,758 31,913,436 73,316,143 3,740,638 142,658,672 70,499,642
Other liabilities ...................................................... 2,015,599,016 201,534,662 201,665,327 29,673,974 1,524,060,807 3,673,743 23,574,643 31,415,861
Capital stock ......................................................... 1,510,478,867 68,883,398 16,814,128 5,966,287 26,493,070 1,602,823 38,677,088 1,352,042,071
Paid-in or capital surplus.. ...................................... 2,686,517,300 196,228,540 86,256,216 16,207,089 209,700,255 4,188,604 86,546,341 2,087,390,257
Retained earnings, appropriated ............................. 80,335,506 2,127,206 5,164,591 46,372 46,905,958 33,576 1,971,164 24,086,639
Retained earnings, unappropriated ......................... 533,329,841 186,546,225 8,150,990 18,753,793 234,303,996 8,882,942 -33,159,142 109,851,037
Less: Cost of treasury stock................................ 1,267,528,308 4,360,781 5,310,713 2,756,293 6,228,588 1,376,841 4,144,502 1,243,350,590
Total receipts... ....................................................... 1,940,315,739 419,989,980 203,456,529 89,180,146 926,383,632 40,369,548 116,964,778 143,971,126
Business receipts .................................................. 992,334,922 58,003,923 61,438,424 52,899,183 674,285,316 38,743,512 96,160,636 10,803,929
Interest................................................................ 641,153,571 300,005,670 110,511,835 24,786,090 134,457,484 462,737 3,943,994 66,985,763
Interest on Govt. oblig: State, local. ....................... 38,888,450 5,834,224 1,002,043 263,273 8,995,071 61,826 150,777 22,581,235
Rents ................................................................... 35,908,739 10,054,910 2,257,175 683,149 11,633,196 99,845 6,029,315 5,151,150
Royalties .............................................................. 1,193,491 280,037 109,507 5,284 63,311 *10,223 229,334 495,795
Net short-term capital gain reduced by
net long-term capital loss.... ................................. 24,235,770 254,101 271,124 725,049 7,329,113 25,125 102,190 15,529,069
Net long-term capital gain reduced by
net short-ter. capital loss................................... 27,873,550 2,000,324 1,626,483 783,039 18,296,463 114,817 3,084,762 1,967,663
Net gain, noncapital assets.................................... 8,793,069 5,333,943 2,113,035 234,661 355,573 43,279 539,066 173,512
Dividends received from domestic corporations 6,747,205 572,344 411,482 252,936 4,541,824 59,451 198,662 710,506
Dividends received from foreign corporations 1,314,849 389,409 37,929 119,525 418,992 125,085 27,889 196,020
Other receipts....................................................... 161,872,122 37,261,095 23,677,494 8,427,958 66,007,290 623,649 6,498,152 19,376.484
Total deductions..................................................... 1,723,335,528 373,104,226 192,658,627 79,673,018 876,373,675 37,695,478 119,024,043 ",806,462
Cost of sales and operations .................................. 540,333,700 540,616 17,639,694 6,118,471 472,572,249 5,841,629 33,116,551 4,504,491
Compensation of officers .................................. 38,281,862 13,561,786 3,693,097 5,586,051 2,996,679 5,039,977 6,048,002 1,356,271
Salaries and wages ............................................... 163,168,141 44,687,427 17,962,968 18,546,031 58,419,720 8,998,084 12,250,754 2,303,157
Repairs.... ............................................................. 8,690,488 3,217,814 877,882 354,938 544,272 244,953 3,194,870 255,759
Bad debts ............................................................. 42,628,831 26,550,672 10,721,506 716,878 2,186,071 148,454 1,343,776 961,474
Rent paid on business property.............................. 23,380,298 7.095,988 2,563,377 2,415,810 6,055,030 1,541,899 3,327,836 380,358
Taxes paid ............................................................ 38,286,798 9,162,033 3,126,102 2,135,558 15,301,582 1,335,907 6,203,203 1,022,412
Interest paid ......................................................... 292,846,507 160,301,520 74,877,898 20,502,875 17,244,394 542,102 10,818,036 8,559,682
Contributions or gifts ............................................ 1,359,476 691,106 143,824 131,315 275,360 33,558 57,029 27,284
Amortization ......................................................... 7,854,123 2,403,830 1,717,378 308,510 2,223,710 236,937 621,046 342,712
Depreciation ......................................................... 35,969,795 16,001,832 3,261,110 1,097,565 7,521,671 669,638 5,188,736 2,229,243
Depletion.............................................................. 231,700 19,611 5,071 *194 7,052 42,842 156,236
Advertising ........................................................... 10,773,274 3,395,943 2,396,954 1,159,078 1,824,572 365,481 1,410,370 220,877
Pension,profit-sharing,stock bonus, annuity plans 8,280,667 2,486,325 774,765 658,482 3,321,503 544,340 363,756 131,497
Employee benefit programs ................................... 19,038,109 7,130,024 1,685,646 867,928 7,278,387 981,457 857,584 237,083
Net loss, noncapital assets.................................... 15,663,453 3,924,195 9,314,631 72,054 329,835 37,326 1,505,649 479,764
Other deductions.................................................. 476,548,306 71,933,505 41,896,724 19,001,282 278,271,588 11,133,042 32,674,003 21,638,161
Total receipts less total deductions .......................... 216,980,212 46,885,754 10,797,903 9,507,128 50,009,958 2,674,071 -2,059,265 99,164,664
Constructive taxable income from related
foreign corporations ....................... . ..................... 7,138,083 3,414,891 418,638 569,656 1,434,101 215,757 5,702 1,079,337
Net income (less deficit) .......................................... 185,229,845 44,466,422 10,214,498 9,813,511 42,448,987 2,828,001 -2,204,340 77,662,766
Income subject to tax .............................................. 124,488,693 47,354,900 18,298,283 9,534,371 39,376,756 1,707,603 3,809,313 4,407,465
Income tax, total 2................................................... 44,409,373 16,728,553 6,248,215 3,330,922 14,882,846 546,983 1,126,999 1,544,854
Regular tax ........................................................... 42,851,510 16,457,187 6,305,909 3,312,190 13,681,734 539,535 1,070,325 1,484,631
Personal holding company tax ............................... 7,057 -7 3,221 3,254
Recapture of investment credit .............................. 581 *40 97 7 255 25
Alternative minimum tax........................................ 1,471,830 193,891 43,571 7,368 1,133,037 5,939 44,950 43,075
Environmental tax ................................................. 165,076 57,889 22,857 11,373 64,622 1,510 1,711 5,113
Foreign tax credit.................................................... 4,150,328 2,297,745 143,255 298,049 885,983 119,294 2,995 403,007
U.S. possessions tax credit ...................................... 35,568 15,776 18,929 863 (1)
Orphan drug credit ..................................................
Nonconventional source fuel credit .......................... 25,227 91009 2,574 '3,454 7,433 -1,123 -1,246 *387
General business credit........................................... 421,357 260,569 78,712 6,272 62,040 2,577 8,568 2,618
Prior year minimum tax credit .................................. 1,053,674 454,561 92,523 28,659 446,822 1,766 7,804 21,539
Total income tax after credits 3 ........................ 38,723,220 13,690,894 5,912,223 2,994,488 13,480,560 422,223 1,105,524 1,117,301
Footnotes at and of table. See test for 'Explanation of Ta;mso and Vescriplilon of the Sample and Urnkation of the Dats.w

67
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS
Table 6-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
(All figures are estimates based on samples-ney amounts are in thousandS of dollars)

a'. rasindustry-~Cdntmued

Ite. Hotels Auto repair. Amusament Nature of

Total and other Personal Business miscellaneous and Other business
lodging services services repair recreation services not allocable
places services services

(61) (62) (63) (64) (65) (66) (67) (68)

Number of returns, total .......................................... 1 15772
758:264 2 7 333 87,709 348,824 135.392 101,208 457,258 15,208
Total assets............................................................ 744: 1 69,318,649 21.776,T74 237109.640 54,133,902 170,179,070 192,240.226 1,670,158
Cash.................................................................... 58,293,812 3,174,036 2,010,068 21,1~78,212 3,764,332 6,788,718 20,978,445 178,671
Notes and accounts receivable.............................. 125,214,856 4,019,096 2,939,512 53,284,175 7,122,458 18,344,211 39,505,405 120,249
Less: Allowance for bad debts ............................. 6,067,175 241,748 89,875 1,480,040 129,909 788,927 3,336,677 *1,025,
Inventories ........................................................... 25,066,204 676,060 1,150,696 6,783,698 3,923,758 8,807,741 3,724,251 220,228
Investments in Government obligations.................. 4,336,080 -37,474 *25,495 1,239,215 65,832 523,770 2,444,295 -8,512
Tax,exempt securities ........................................... 2,536,967 '181,134 '751,599 145,6.44 131,496 i,299,656 *1,588
Other current assets ................... E ......................... 47,357,515 3,092,373 862,518 18,155,287 2,672,638 10,415,709 12,158,991 148,206
Loans to stockholders ........................................... 9,903,511 1,480,184 376,327 2,946,469 717,628 1,305,608 3,077,294 26,553
Mortgage and real estate loans .............................. 4,333,179 4W746 88,405 1,492,971 183,802 619,678 1,492,576 *3,469
Other investments ................................................. 152,470,327 12,238,726 2,096,037 50,167,688 2,825,273 59,408,035 25,734,568 299,821
Depreciable asset................................................. 365,253,338 47,394,936 16,701,907 96,190,271 45,541,922 65,268,192 94,156,110 631,237
Less: Accumulated depreciation............ .............. 167,993,094 16,347,823 9,633,510 50,655,086 18,738,266 30,228,453 42,389,956 190,923
-Depletable assets.................................................. 397,883 -8,241 *9,203 149,016 53,226 111,119 167,078 -38,899
.Less: Accumulated depletion ............................... 151,427 1 *861 -6,816 28,794 *22,822 *6,766 85,368 -19,505
Land .................................................................... 22,963,389 6,494,270 962,462 2,398,511 2,131,719 5,595,609 5,380,818 165,805
Intangible assets lamortizable) ............................... 61,596,281 1,967,696 2,580,500 22,658,766 3,156,361 16,180,701 15,052,257 2,852
Leis: Accumulated amortization ........................... 18,239,742 558,138 617,164 7,062,302 396,620 6,435,397 3,170,123 -1,541
Other assets ......................................................... 57,486,357 5,400,941 2,139,874 18,539,983 1,116,927 14,238,027 16,050,606 37,062
Total liabilities......................................................... 744,758,261 69,318,649 21,776,7i4, 237,109,640. 54,133,902 170,179,070 192,240,226 1.670,158
Accounts payable ................................................. 63,128,664 2,334,734 1,235,802 26,399,631 4,169,919 13,765,512 15,223,067 189,817
Mortgages, notes, bonds payable less than I yr 55,086,468 - 5,354,732 1,187,374 19,218,474 9,237,116 6,994,612 13,094,160 ~252.624
.Other current liabilities .......................................... 88,270,664 5,085,553 1,831,610 36,705,139 5,292,041 15,245,945 25,110,376 101,771
Loans from stockholders.................................. !.... 41;385,644 5,524,148 2,106,578 11,828,067 3,256,959 7,489,916 11,179,976 -249,638
Mortgages, notes, bonds payable 1 yr. or more ...... 200,427,097 29,857,029 5,499,885 52,503,270 16,990,893 49,181,971 46,394,049 151,584
Other liabilities ........................................... : ........... 60,349,883 4,549,663 1,908,459, 21,479,655 2,910,668 16,397,813 13,103,625 135,376
Capital stock.... ........... 50,037,646 7,147,567 1,701,173 14,965,880 3,024,458 12,027,922 11,170,646
'Paid-in or capital surplus........................................
.............. ................ *- 179,634,881 15,770,180 2,845,675 52,307,095 4,092,117 49,849,.747 54,770,067 450,184
Retained earnings, appropriated ............................. 698,003 * 14,334 51,341 165,340 78,232 *80,263 308,492
Retained earnings. unappropriated.... ..................... 20,749,684 -5,594,010 4,365,502 9,977,090 5,823,363 1,343,668 4,834,070 -318,162
,Less: Cost of treasury stock................................ 15,010,371 725,282 956,627 7,440,002 741,864 2,198,297 2,948,~99 ~-3,180
Total receipts... .............. :........................................ 941,642,864 44,765,018 37,911,107. 330,010,271 85,751,716 110,778,853 332,425,899 1,676,176
Business receipts. ................................................. 892,537,156 40,829,013 36,621,753 314 192719 82,031,211 100,252,291 318,610,169 1,580,518
interest................................................................ 9,097,736 830,047 460,862 2:676:922 663,921 2,440,527 2,025456 17,825
Interest on Govt. oblig: State, local........................ 674,710 11,405 22,13 6,396 34,529 170:029 *118
Rents ................................................................... 2,500,609 210,936 33,75 542,323 589,522 614,941
Royalties .............................................................. 4,831,593 295,329 185,33 -29,048 2,033,579 420,087 *109
Net
. short-term capital gain reduced by
net long-ter. capital toss............. 233,760 *2~5,935 -3,723 92,833 5,149 36,031 70,089
Net long-term capital gain reduced
net short-term capital loss ................. 2,225,948 348,755 66,998 529,526 81,844 268,653 930,171 *9,353
Net gain, noncapital assets .................................... 3,547,431 136,042 47,650 1,007,511 1,302,819 649,892 403,516 '36
Dividends received from domestic corporations 314,150 34,203 23,711 117,479 6,600 39,586 92,571
Dividends received from foreign corporations 1,269,748 21,216 480,643 -8,087 659,172 23,688
Other receipts .................. ..................................... 24,410,022 1,966,410 423,979 8,105,063 1,074,316 3,775,071 9,065,182 67,022
Total deductions ..................................................... 916,453,470 44,657,721 W,563,322 320,150,050 83,826.988 108.717,172 322,538,217 1,719,574
Cost of sales and operations .................................. 319,675,277 16,298,209 12,206,109 127,590,521 39,435,039 40,419,589 83,725,810 893,392
Compensation of officers ....................................... 59,917,071 648,272 2,470,682 18,588,565 3,858,179 4,838,968 29,512,404 48,702
Salaries and wages.......................................... ! 172,794,560 6,859,704 7,122,129 60,637,490 9,500,999 14,064,193 74,610,045 .185,532
Repairs ................. ............................................... 8,784,312 822,803 483,052 2,058,377 1,376,155 1,322,382 2,721,542 41,783
Bad debts ............................................................. 6,492,040 691,382 166,562 1,505,482 209,981 703,474 3,215,159 32,150
Rent-piid on business property .............................. 33,391,609 1,466,320 2,211,428 10,004,135 3,676,447 3,928,061 12,105,218 79,313
Taxes paid.......................................................... 34,186,491 2,322,464 1,730,813 11,583,375 2,921,148 3,582,494 12,046,196 40,007
Interest paid ......................................... ! ............... 22,857,022 2,902,316 901,114 6,120,904 2,273,333 5,075,749 5,583,606 25,438
Contributions or gifts ............................................ 331,568 30,842 22,758 108,865 21,596 45,222 102,285 *233
Amortizetion ......................................................... 6,178,213 197,640 181,577 1,728,546 135,070 2,836,235 1,099,145 *787
Depreciation......................................................... 36,850,272 2,386,290 1,319,577 12,285,380 7,113,867 6,485,531 7,259,626' 33,352
Depletion .............................................................. 31,480 *891 *224 6,986 1 *1,303 22,07~
Advertising........................................................... 13,0,11,754 953,546 811,811 4,634,285 1,158,823 2,859,804 2,593,485 33,171
Pension,profit-sharing.stock bonus, annuity plans 6,128,183 88,501 181,923 1,973.366 363,518 311,590 3,209,285 -3,605
Employee benefit programs ................................... 15,312,716 663,053 411,619 5,278 226 991 308 858,614 7,109,896 8,846
Net loss, noncapital assets .................................... 1,371,698 231,375 55,428 : 97: 46:938 179,066 339,912 10,377
Other deductions .................................................. 179,139,205 8,094,113 6,286,516 5552656
518 10,744,586 21,204,895 77,282,525 282,886
Total receipts less total deductions .......................... 25,189,394 107,296 1,347,786 9:860:2 1,924,728 2.061,681 9,887,682 '43,398
Constructive taxable income from related
foreign corporations .............................................. 846,783 22,890 12,008 368,828 9,385 392,669 41,003
Net income (less deficit) .......................................... 25,361,467 118,782 1,337,659 9,798,831 1,927,717 2,419,822 9,758,656 -43,516
income subject to tax .............................................. 22,328,833 1,385,884 1,160,327 8,396,073 1,292,080 2.417,658 7,676,812 27,264
income tax, total I................................................... 7,401,280 479,436 356,032 2,813,482. 378,937 835,692 2,537,700 4,470
Regular tax ........................................................... 7,210,494 468,825 353,257 2,734,125 360,402 797,520 2,496,365 4,356
Personal holding company tax............................... *58 *58
Recapture of investment credit .............................. 14 5 9
Alternative minimum tax.. ...................................... 165,891 8,279 1,787 71,189 17,376 34,214 33,046 1 14
Environmental tax .......... 23,074 1,692 979 7,899 1,158 3,883 7,462
Foreign tax credit....................................................
........ **......................... 706,223 '35,906 12,881 424,573 *389 198,057 34,416 -7
U.S. possessions tax credit.. .................................... 11,699 5,848 - 2,235 452 3,163 100
Orphan drug credit... ...............................................
Nonconventional source fuel credit.......................... *483 33 *442
General business credit.... ....................................... 233,613 22,585 3,572 147,251 15,146 10,40tl 34,654
Prior year minimum tax credit .................................. 165,1 i7 31,092 2,240 68,39i 18,707 10,751 33,996
Total income tax after credits 2 ...L .................... 6,284,086 384,005 '337,339 2,171,024 344,695 615,995 2,431,028
Estimate should be med with caution became of the small lumber of sample returns on which it is based.
L ... than SSW per retunt.
Also Includes excess net passive income in (Farm If 20S), branch tax (Fom 11 20-F), tax lhom Part 11 (Forth 1120-REIT), in from Part III (Form 1120-REIT), tax from Part W (Flarn 11 2D.REIT),
tax from Line 4, Part 11 (Form I I MRIC), andVrrerds h to income in and to total tax which are not shown sepandely.
Also Includes quafified electric vehicle credit It Is not showi separarte
for
NOTE: Detau may not add to total because of roundIng. See laid 'at-tion of Terms' and *Description of the Sample and Undardons of the Data.*.

,.68
 Corporation Returns/1 993
RETURNS WITH NET INCOME
Table 7-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry
(All figures are estimates based on flamples-oney amounts are In thousands of dollar.)

Major industry
Mining

Item All Agriculture, Nonmetalic

Industries forestry, Metal Coal Oil and gas minerals,
and fishing Total mining mining extraction except fuels

(1) (2) 13) (4) (5) (6) (7)

Number of returns, total .................................... 2144,534 81,456 15,969 190 395 13,715 1,66;
Total assets ..................................................... 18,694:952,844 48074,642 105,174,435 25,189,264 17,901,128 52,488,846 9,595,197
Cash ............................................................ 675,732,047 4,1647,803 5,803,613 1,090,445 592,993 3,516,405 603,768
Notes and accounts receivable ........................ 4,064,219,086 4,873,609 16,313,998 3,486,033 4,057,527 7,416,843 1,363,595
Less Allowance for bad debts ..................... 94,146,564 36,495 ~ 147,047 11,887 *670 101,637 32,852
Inventories...................................................
: 730,075,046 5,827,349 3,734,761 1,008,105 278,814 1,801,647 646,196
Investments in Government obligations ............ 1,216,180,638 151,025 550,392 *37,478 '143,019 310,010 *59,886
Tax-exempt securities.................................... 559,348,321 208,862 174,841 6,600 -43,882 102,026 *22,333
Other current assets ...................................... 1,336,092,635 1,695,717 2,937,823 324,391 169,611 2,172,940 270,880
Loans to stockholders .................................... 1 55,245,479 1,413,112 700,532 -231,200 10,374 415,470 43,489
Mortgage and real estate loans....................... 1,423,152,677 400,037 52,837 69 *444 *48,881 *3,444
Other investments ......................................... 5,055,024,096 3,916,440 26,138,938 81905,005 7,158,344 8,867,429 1,208,160
Depreciable assets ......................................... 3,863,335,096 35,225,698 54,632,640 10,722,225 7,102,441 28,171,030 8,636,944
Less: Accumulated depreciation ................... 1,779,931,945 22,447,589 29,646,752 4,064,313 4,185,297 16,156,566 5,240,575
Depletable assets .......................................... 95,738,508 587,980 27,376,917 2,304,550 472,236 23,516,195 1,083,936
Less: Accumulated depletion ....................... 47,208,058 176,770 12,489,914 632,751 230,150 11,439,529 187,483
Land ............................................................ 142i894,293 10,455,008 2,472,115 297,189 722,418 923,318 529,191
Intangible assets (amortizable) ........................ 404,516,648 403,609 4,849,234 757,729 1,100,394 2,592,456 398,654
Lass: Accumulated amortization ................... 100,168,685 140,757 1,895,556 242,314 572,266 1,035,942 45,033
Other assets................................................. 1,094,853,528 1,672,004 3,615,062 969,512 1,037,015 1,367,870 240,665
Total liabilities .................................................. 18,694,952,844 48,074,642 105,174,435 25,189,264 17,901,128 52,488,846 9,595,197
Accounts payable .......................................... 1,219,538,134 2,764,236 9,021,356 ~,461,463 1,977,436 4,010,203 572,264
Mortgages, notes, and bonds payable in less
than one year ............................................. 1,286,169,544 5,915,941 3,743,155 907,354 299,392 2,219,210 317,199
Other current liabilities ................... : ............... 5,355,810,759 2,202,945 5,740,865 1,038,441 960,806 3,177,609 564,009
Loans from stockholders ................................ 156,586,829 2,324,200 1,613,249 253,454 *329,034 962,343 68,419
Mortgages, notes, and bonds payable in one
year or more .............................................. 2,118,235,940 9,646,812 17,515,290 4,224,710 2,143,446 9,542,134 1,605,000
Other liabilities .............................................. 2,735,499,664 1,867,983 10,922,250 1,855,014 3,281,138 4,081,569 704,530
Capital stock ................................................ 1,624,452,782 5,636,496 5,247,167 1,422,024 141,702 3,366,161 317,280
Paid-in or capital surplus................................ 3,436,519,789 3,970,282
. 39,265,852 10,077,017 7,983,916 20,064,909 1,140,010
Retained earnings, appropriated ...................... 89,640,690 142,838 145,185 ~ 21,314 *33,943
Retained earnings, unappropriated ................... 1,957,157,947 14,824,647 13,371,109 2,044,181 807,952 5,623,559 4,895,416
Less: Cost of treasury stock ......................... 1,284,659,231 1,221,739 1,4il',042 '115,709 -57,637 618,111 619,586
Total receipts ................................................... 9,871,033,217 69,823,558 56,868,842 8,290,968 8,184,980 32,009,174 8,383,720
Business receipts ........................................... 8,672,207,465 65,081,894 50,819,296 7,359,781 7,489,278 27,915,714 8,054,524
Interest ........................................................ 681,505,539 365,445 1,171,103 233,971 130,458 770,743 35,932
Interest on Government obligations:
State and local ........................................... 33,257,330 24,745 16,682 .2,428 *3,320 9,277 1,657
Rents ........................................................... 68,381,750 457,346 285,287 10,991 16,731 177,463 80,102
Royalties ...........i .......................................... 29,504,622 99,842 278,136 26,519 26,271 205,731 19,616
Net short-term capital gain reduced by
net long-term capital loss ............................ 25,046,900 17,511 72,329 -4,843 59,105 224
Net long-term capital gain reduced by
net short-term capital loss........................... 46,623,568 616,524 680,360 168,489 84,576 398,452 28,843
Net gain, noncapital assets ............................. 27,410,109 283,270 585,023 49,112 21,634 497,823 16,454
Dividends received from domestic corporations. 12,480,732 78,335 150,518 *33,513 13,379 97,280 6,346
Dividends received from foreign corporations .... 24,176,870 39,536 280,774 -91,895 768 182,539 5,571
Other receipts ............................................... 250,438,334 2,759,109 2,529,333 309,426 390,409 1,695,046 134,452
Total deductions .............................................. 9,213,165,050 64,989,261 50,437,406 7,408,732 7,717,407 27,482,253 7,829,013
Cost of sales and operations ........................... 5,552,130,474 36,77~,718 27,402,126 4,387,603 5,233,361 13,253,466 4,527,696
Compensation of officers ............................... 169,591,485 2,025,413 932,291 58,505 94,046 604,026 175,714
Salaries and wages ........................................ 782,351,647 5,158,783 3,181,637 132,148 240,358 2,259,732 549,399
Repairs ......................................................... 81,379,462 1,348,553 726,517 123,905 103,912 270,650 228,050
Bad debts ..................................................... 55,051,385 72,476 98;555 -1,444 9,835 68,125 19,151
Rent paid on business property ....................... 143,648,196 2,113,201 617,01 B 60,703 412,592 107,646
Taxes paid .................................................... 230,957,111 1,606,420 1,842,624 236,468 396,808 934,450 274,899
Interest paid ................................................. 436,656,283 1,292,821 1,917,163 434,332 221,453 1,129,434 131,944
Contributions or gifts ..................................... 6,235,011 39,725 38,255 3,894 7,336 15,074 11,952
Amortization................................................. 26,522,410 108,704 306,004 130,908 24,181 122,587 28,328
Depreciation ................................................. 285,257,290 2,541,370 3,271,038 640,116 354,315 1,712,938 563,670
Depletion ...................................................... 6,276,715 14,383 1,902,588 556,087 209,744 934,280 202,478
Advertising ................................................... 113,368,563 313,048 65,409 3,354 2,915 46,123 13,017
Pension, profit-sharing, stock bonus, and
annuity plans............................................. 50,175,693 151,722 252,111 34,772 26,532 126,191 64,616
Employee benefit programs........ .................... 127,205,653 639,780 .697,664 58,611 171,787 316,241 151,026
Net loss, noncapital assets............................. 8,326,445 27,056 65,854 -13,644 46,525 2,488
Other deductions ........................................... 1,138,031,229 10,763,086 7,120,551 556,866 556,923 5,229,822 776,940
Total receipts less total deductions ..................... 657,868,168 4,834,296 6,431,436 882,2j5 467,572 4,526,921 554,708
Constructive taxable income from related
foreign corporations....................................... 34,055,167 127,104 6,354 2,092 118,471 188
Net income...................................................... 658,666,005 4,841,649 6,541,858 886,161 466,344 4,636,115 553,239
Income subject to tax ....................................... 436,370,753 2,173,826 3,454,151 711,811 200,174 2,174,908 367,258
Income tax, total ............................................. 153,708,784 611,033 1,330,841 282,177 97,936 811,719 139,010
Regular tax ................................................... 148,876,903 589,931 1,185,006 248,408 68,872 743,269 124,457
Personal holding company tax ......................... 9,136 - -1,970 - - -1,970 11)
Recapture of investment credit ........................ 19,393
Alternative minimum tax ................................ 4,302,466 19,317 137,092- 32,331 28,629 62,116- 14,015-
Environmental tax.......................................... 562,282 1,139 5,615 1,437 435 3,206 537
Foreign tax credit............................................. 22,885,778 20,925 526,299 108,546 13,937 398,341
U.S. possessions tax credit ................................ 4,722,588 342 - -
Orphan drug credit............................................ 20,486 -
Nonconventional source fuel credit ..................... 690,309 245 27,566 20 27,503
General business credit..................................... 3,077,651 14,663 12,501 9 -1,442 10,088 '961
Prior year minimum tax credit ............................. 3,072,888 8,299 56,392 14,279 *4,092 34,121 3,899
Total income tax after credits ........................... 119,239,043 566,558 708,084 159,298 78,445 341,666 128,675
Foolnotes at end of table. Sea text for 'Explanation of Temns~ and *Description of the Sample and Limitation of the Data.*

69
 Corpipration Rieturns/1 993.
RETURNS WITH NET INCOME
Table 7-Balance Sheet, Income Stitement, Tax, and Selected. Other Items, by Major Industry-Continued
IAIII figures are estimates based on samples--money amounts are in thousands of dollars)

Major industry--Continued
Construction Manufacturing
General
Item building
~cntrart,rs . Heavy Special Food and Tobacco Textile Apparel and
Total and 'conitruction trade Total kindred manufactures mill other textile
operative contractors contractors products products products
builders
(8) 19) (10) (112~ (13) (14) OW (16)
179,594 10,094 ...
Number Of rilittIM3. toted ..................................... 250,904 91,200 12,394 147,310 3,676 8,613
167,639,646 76,482,480 40,480,849 310.152,340 ...
Toted assets ...................................................... 50.676,317 3,510,910,802 37,282,727 36,877,990
...
Cash .............................................................. 20,329,673 8,681,565 4,516,155 7,131,953 91.513,472 5,543,177 1,288,559 1,690,384
Notes and accounts receivable.........................
...................... 47,024,019 17,817,981 9,039,147 20,166,891 792,349,858 86,493,192 8,071,829 7,712,704
Less: Allowance for bad debt 305,253 61,862 89,984 153,407 14,142,508 588,478 165,985 219,425
119,9~0,782 14.3.76,4117 1,081,620 4,462,745 291,033,740 28,150,819 ... 7,604,426 9,858,590
Inventories ....................................................
Investments in Government obligations ............. 1,446,233 465,364 876,609 104,259 32.170,730 1,899,696 804540 *67,980
810,664 -74,897 500,877 234,890 21,745,233 366,876 ... 154:944 -10,139
Tax-exempt securities .......................
1 i .............
Other current assets ....................................... 16434696 9,748,900 2,591,024 4,094,772 166,126,248 11,875,520 970,212 1,802,992
Loans to stockholders ..................................... 2:638:644 956,451 493,511 1,188,682 16,069,550 1,044,541 220,537 182,710
Mortgage and real estate loans ........................ 5,789,034 .5,457,510 .78,763 252,762 25,559,828 64,709 -14,425, 25,202
Other investments .................. : ....................... 18250,827 7,125,677 9,191,417 1,933,734 870,610,631 75,158,126 3,736,239 6,971,697
Depreciable assets.......................................... 70:648,208 16,654,092 24,.917,030 29,077,085 1,488,042,803 117,309,095 24,662,418 10,515,951
Less: Accumulated depreciation .................... 44,431,150 9,004,009 :15,677,172 19,749,969. 770,965,879 55,125,235 13,225,275 5,218,301
Depletable assets........................................... 429,488 103,664 318,110 W,715 53,207,616 *68,213
Less: Accumulated depletion........................ -48,442 100,029 '5,985 28,437,379 -8,641 11,029
Land ............................................................. 4,251,055 2,365,179 998,934 886,942 33,254,206 4,721,184 345,128 221,465.
Intangible assets famortizable) ......................... 1,Q94 031 336,546 229,421 528,064 231,344,982 24,320,117 969,835 2,010,266
Less: Accumulated amortization .................... 388:583 120,005 56,175 218,403 58,696.126 2,913,968 183,598 . 533,241
Other assets.............................. : ............. : ..... 3,851,733 1,55.2,556 1,565,591 733,585 270,123,796 11,773,397 2,004,285 1,778,878
Total liabilities .................................................... 167,639,646 A,482,480 '40,480,849 50,676.317 3,5110,910,1§02 310,152,340 37,282.727 36,877,b90
Accounts payable .................... : ....................... 3,1,346,064 15,869,148 5,M,959 9,950,957 396,127,379 79,215,943 3,791,225 4,276,884
Mongages, notes, and bonds payable in less
than one year .............................................. 17,366,558 10,813,264 Z453,772 4,099,522 304,184,848 23,982,549 1,904,551 3,981,683
Other current liabilities .................................... 21,898,692 11,901,991
. 3,523,372 '6,473,330 305,591,690 21,284,497 2,689,993 3,279,029
Loans from stockholders ................................. 5,924,157 2,941,740 720,903 2,i6l,514 50,074,866 2,909,763 599,239 889,069
Mortgages, notes, and bonds payable in one
year or more ............................................... 21*,216,672 11,612,522 4,492,553 5,111,597 649,722,915 55,210,000 8,659,419 7,006,762
Other liabilities.................................. ............ 6,414,029, 2,326,747 2;895,816 1,191,466 518,625,896 22,343,469 1,492,243 1,401,168
Capital stock .................................................
...................... 5,117,211 1,596,298 1,488,488 2,0232,425 127,222,162 12,443,948 1,433,306 1,757,947
Paid-in or capital surplus .......... 14,282,203 3,839,799 7,671,189 ;2,7711,2115 574,494,127 43,424,158 5,127,912 5,008,512
1 . 122,498
Retained earnings, appropriated ....................... 229,899 "101,680 -5,721 6,360,275 -500,424 20,217 -1,429
Retained earnings, unappropriated .................... 46,394,696 16,IS5',871 12,302,855 17;955,968 696,939,8~6 68,667,316 12,067,641 10,472,528
Less: Cost of treasury stock ... : ...................... 2,550,1535 .656,580 5991,77.9 1,294,176 118,433,241 19,829,727 503,018 1,197,021
Total receipts .................................................... 394,549,447 172,782,870 63,769,458 157,997,118 3,184,314,464 349,746,093 54,660,347 60,848,784
Business receipts ............................................ 387,511,288 169,405,097 61,500,799 156,665,392 2,988,506,768 335,357,698 53,901,790 59,149,344
Interest......................................................... 1,558,158 969,752 414,016 174,390 58,112,569 2,806,910 186,919 291,224
Interest on Government obligations:
State and local ....... : ..................................... 94471 31',922 41,125 i'1,424 '1,592,681 44,167 12,319 23,967
Rents............................................... :............ 859:215 -528,323 177,154 153,737 20,551,942 809,730 27,999 47,461
Royalties ....................................................... 51,544 .5,585 138,249 20,722,568 2,851,739 42,375 434,063
Net short-term capital gain reduced by
net long-term capital loss ............................. 31,945 11,711 14,987 5,248 765,800 36,970 *635 4,015
Net long-term capital gain reduced by
net short-term capital loss............................ 346,714 166,270 77,737 1102J06 .12,205,920 580,724 44,445 33,724
Net gain, noncapiled assets .............................. 545,736 136,330 239,907 175,499 9,Oi7,2O5 279,414 113,862 38,257
Dividends received from domestic corporations.. 75,980 18,501 42,863 14,616 3 667;268 542 236 7367 34568
Dividends received from foreign corporations ..... 113,185 ~~5,947 *42,031 * 5,208 iO:280,376 1,970:309 1
33:510 207:003
Other receipts................................................ 3,301,210 1,449,433 1,180,590 '671,188 48,881,367 4,466,196 288,126 585,158
Total deductions ............................................... 379,707,448 166i864,088 61,254,080 151,589,280 2,992,586,042 330,764,189 51,412,108 56,877,319
Cost of sales and operations ............................ 294,343,388 140,071,434 47,823,258 106,448,696 1,996,137,141 227,722,022 40,170,625 41,021,583
Compensation of officers................................ .12,916,822 4,009,980 1,316,705 7,590.1.36 32,081,071 2,218,195 781,053 1,503,841
Salaries and wages ................. : ....................... 18,076,206 5,286,360 2,651,272 10,138,574 199,226,569 19,551,243 2,194,876 3,645,606
Repairs ....................................... *................... 1,808,307 407,467 537,680 863,160 24,544,040 2,492,382 197,594 214,512
Bad debts ...................................................... 518,033 183,054 -59,464 . 275,514 7,749,242 268,374 164,345 124,710
Rent paid on business property .......... E ............. 3,263,244 892,351 478,684 ~11,892,209 28,737,599 2,630,762 336,126 750,534
Taxes paid ................. ; ........... :....................... 8,172,658 2,219,400 1,202,027 4,751,232. 80,179,586 7,708,925 1,152,091 1,379,400
Interest paid .................................................. .3,153,482 1,567,052 646,057 940,373 90,876,285 7,199,967 909,268 983,136
Contributions or gifts ...................................... 110,736 4~,958 25,388 39,390 2,919,054 310,782 32,563 38,862
Amortization .................................................. 1 149,019 S0,816 46,242 51,96i 8,756,812 895,525 69,145 95,279
Depreciation .................................................. 6,021,334 1,287;252 1,991,624 2,142,458 105,995,936 8,108,144 1,731,038 875,189
Depletion ...................................... ; ................ 53,201 5,943 43,762 -3,496 3,108,443 8,254 389 -3
Advertising ........................................ ........... 1,178,956 466,121 '70,337 642,499 55,555,968 15,313,828 322,795 1,106,205
Pension, profit-sharing, stock bonus, and
annuity plans ........................................... i.. 1,810,041 514,425 295,165 1,000,452 23,783,498 1,489,566 269,704 229,697
Employee benefit programs ............... 1 .............. 3,358,501 949,449 578,754 1,830,298 57,436,098 4,397,551 643,565 660,764
Net loss, noncapital assets .............................. .66,358 i8,908 12,621 ~14,829 11,448,133 104,815 7,987 7,845
Other deductions............................................ 24,707,161 8,888,118 3,475,039 1 2,344,004 274,050,566 30,343,854 2,428,942 4,240,152
Total receipts less total deductions...................... 14,841.999 5,918,782 2,515,378 6;407,839 191,728,422 18,981,904 3,257,239 3,971,465
Constructive taxable income from related
foreign corporations ......................................... .67,147 *29,730 -37,345 72 23,922,481 1,465,507 19,173 227,510
Net income ....................................................... 14,814,675 5,916,591 2,511,597 6,386,486 214,058,222 20,403,244 3,264,093 4,175,008
income subject to tax ........................................ '5 573,533 2,174,238 1,365,~66 2,033,929 173,878,522 16,931,599 2,105,145 2,787,051
Income tax, total ............................... .............. 1:636,289 658,480 459,948 517,861 61,734,310 5,973,175 744,437 964,589
1,575,352 635,702 436,837 60,249,721 5,885,429 ... 723,211
Regular tax ........................................ i ........... 502,812 . 957,652
Personal holding company tax.......................... *33 - . .9 -
Recapture of investment credit......................... *137 *132 2 2 3,149 1
Alternative minimum tax ................................. 51,272 18,265 19,449 13,558 1,228,996 64,078 18,665 3,907
Environmental tax........................................... 2,477 -1,395 _ 947 135 223,338 22,018 2,559 3,026
Foreign tax credit.............................................. 71,686 40,173 -30,389 -1,124 16,344,916 1,157,986 17,231 201,504
U.S. possessions tax credit ................................. 1,141 59 1,082 - 4,568,902 575,577 41,139 43,727
Orphan drug credit ............................................. 20,486 -
Nonconventional source fuel credit ...................... 2- *366- 368,072 *533
General business credit ...................................... 22,262 7,733 9,492 5,037 1,573,053 66,183 14,339 6,027
Prior year minimum tax credit .............................. 65,911 27,907 15,019 22,985 966,332 40,830 21,375 1,303
Total income tax after credits 3 ........................... 1,474,516 582,242 403,574 488,700 37,892,549 4,132,067 650,351 712,028
Footnotes at end of table. See text for *Explanation of Terms' and 'Description of the Sample -and Limitation of the Data.-

70
 Corporation Returns/1 993
RETURNS WITH NET INCOME
Table 7-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
(All figures are astirnines based on samples-onay amounts are in thousands of dollars)

Major industry--Continued
Mmufacturing--Continued

ftem Petroleum Rubber and

Lumber wd Furniture and Paper and Printing and Chemical and fincluding miscellaneous Leather and Stone, clay, and
wood products fixtures allied products publishing allied products integrated) and plastics leather glass products
coal products products products

(17)
1 806 118) 791 (1191 (201 (21) (22) (23) (24) (25)
Number of returns. total ..................................... 1 5 2,036 28,402 869 8,050 1,714 5,439
Total assets...................................................... 54,775 :839 19,33 9: 979 87,071,815 154,08,410 503,612 1337 513,513,794 46,796,003 5,587,981 47,386,218
Cash ............................................................. 2,081,672 930,293 1,038,599 5,038,680 12,996,648 2,402,106 1,789,802 283,505 1,648,278
Notes nd,:ccounts receivable......................... 6,116,901 4,890,196 10,566,893 29,621,868 92,590,405 66,019,858 9,875,953 1,298,440 8,205,190
Less:8 Al wance for bad debts.................... 111,314 125,782 355,410 2,192,133 1,617,360 527,834 265,921 55,738 297,149
:nv ntories ............................ ....................... 7,379,091 4,031,892 8,621,461 7,186,870 38,544,971 16,026,371 7,442,513 1,771,820 4,179,286
nv:stments in,Government obligations ............. *143,113 -20,614 *209,181 641,357 1,020,070 * 156,237 92,711 *33,743 106,327
Tax-exempt securities ..................................... *9,869 *85,994 *86,698 571,088 2,110,758 -387,330 -43,991 17,782 53,790
Other current assets....................................... 2,471,647 754,113 3,231,293 7,827,127 17,522,143 24,326,819 1,383,891 330,784 1,850,202
Loans to stockholders ..................................... 141,972 43,901 193,568 678,274 6,254,977 4,026,462 231,811 103,979
Mortgage and real estate loans ........................ 1,329,998 -18,783 *224,470 78,767 455,050 -50,604 '12,121 *9,884
Other investments .......................................... 7,691,704 1,893,175 21,478,536 43,706,106 149,901,332 181,330,034 6,937,150 613,563 9,714,089
Depreciable assets .......................................... 35,767,817 10,539,394 62,967,573 65,318,704 206,747,954 283,010,812 32,776,283 1,540,023 30,617,348
Less: Accurn.ulated depreciation .................... 20,688.761 5,753,583 30,152,465 34,828,415 101,040,369 146,817,723 16,938,346 854,591 16,892,862
Depletable assets ............................................ 4,357,286 *1,107 1,953,710 -103,956 5,804,057 38,657,857 *26,690 - 972,288
Less: Accumulated depletion ........................ 168,447 27 372,542 *89,497 3,915,405 23,107,240 12,704 151,878
Land ............................................................. 948,335 264,716 749,882 1,906.726 4,757,625 6,664,386 504,266 44,390 1,399,351
Intangible assets (amortizable) ................. ....... 554,551 1,392,245 2,518,871 23,693,407 28,857,728 38,317,272 1,900,931 283,708 3,937,801
Less: Accumulated amortization .................... 151,448 239,780 573,944 5,708,703 6,911,451 22,710,755 606,927 49,975 1,007,063
Other assets.................................................. 6,901,851 592,732 4,685,442 11,384,228 49,533,002 45,301,198 1,601,788 330,277 2,937,357
Total liabilities................................................... 54,775,839 19,339,979 87,071,815 154,938,410 503,612,137 513,513,794 46,796,003 5,587,981 47,386.218
Accounts payable........................................... 4,387,319 2,125,312 8,462,49~ 12,326,930 54,354,900 42,254,058 5,232,744 854,491 3,241,045
Mortgages, notes, and bonds payable in less
than one year .............................................. 2,936,657 1.231,415 5,608,181 6,690,410 29,440,011 27,345,234 4,094,829 274,946 2,236.854
Other current liabilities .................................... 4,547,817 1,913,741 6,004,346 15,905,065 45 104540 260558101 4,369675 501,898 3,507,312
Loans from stockholders ................................. 614,275 319,613 1,555,934 2,312,725 6:671:670 5:677:5 2 663:538 144,255 863,295
Mortgages, notes, and bonds payable in one
year or more ............................................... 15,657,778 3,405,246 18,082,927 36,081,325 84,653,538 96,328,942 8,631,683 1,066,663 12,891,398
Other.liabilities ............................................... 4,099,357 1,053,379 8,262,485 14,546,305 75,847,499 75,606,688 4,252,920 392,827 6,075,519
Capital stock ............................................... :. 1,571,417 756,666 3,482,385 5,480,943 23,617,706 16,262,445 2,236,869 356,126 1,737,498
Paid-in or capital surplus ........ : ........................ 8,746,919 2,281,471 13,021,940 32,580,525 94,885,811 111,917,358 6,622,760 409.531 10,627,479
Retained earnings, appropriated ....................... -24,981 45,870 *56,920 898,496 450,826 43,742 143,863
Retained earnings, unappropriated .................... 12,625,856 6,397,104 25,521,704 33,723,804 114,515,242 137,585,973 11,252,289 -1,82 ,38 8,196,913
Less; Cost of treasury stock .......................... 436,538 144,869 2,976,452 4,766,542 26,377,277 25,971,052 605,047 241,144 2,134,958
Total rocelpts ................................................. 75,362,285 36,580,980 83,742,498 145,534,234 392,533,487 427,508,715 72,244,684 9,953,175 45,864,701
Business receipts ............................................ 72,885,208 36,010,165 80,799,576 138,222,667 363,763,538 401,977,482 70,144,726 9,730,861 43,966,302
Interest ......................................................... 807,043 72,942 522,528 1,344,089 5,642,118 7,556,764 433,555 15,867 347,587
Interest on Government obligations:
State and local ........................... : ................ 10,786 11,426 18,746 42,430 133,350 29,913 11,425 *2,537 3,968
Rents ............................................................. 75,670 19,120 77,738 402,707 708,685 2,157,803 60,474 3,991 64,550
Royalties ....................................................... 48,195 36,740 631,815 1,180,719 5,461,762 1,036,098 458,935 35,215 316,769
Not short-term capital gain reduced by
net long-term capital loss............................. 4,877 2,685 55,284 20,133 108,676 15,588 3,017 2 24,076
Net long-term capital gain reduced by
net short-term capital loss............................ 527,948 46,616 644,837 730,548 2,117,523 1,053,685 97,604 3,182 204,414
Net gain, noncapital assets .............................. 104,484 11,500 104,878 236,144 706,101 1,263,772 131,970 909 176,282
Dividends received from domestic corporations.. 21,883 9,667 60,312 153,385 588,392 782,603 10,137 2,499 25,671
Dividends received from foreign corporations 162,454 53,640 380,684 259,420 5,200,627 ' 3,877,120 401,471 7,426 243,620
Other receipts ......................... 713,737 306,479 446,101 2,941,990 8,102,715 7,757,887 491,370
:.........* .... * ..... - 150,686 491,463
Total deductions............................................... 71,275,081 34,527,949 79,028,063~ 134,537,325 358.950,060 408,859,222 67,698,205 9,397,755 43,089,708
Cost of sales and operations ............................ 53,951,823 24,789,495 51,514,431 63,768,446 207,544,659 313,633,815 47,266,966 6,643,215 27,456,012
Compensation of officers ................................ 1,247,692 636,964 793,817 3,676,176 2,566,543 463,892 1,383,858 226,039 712,072
Salaries and wages ......................................... 3,130,322 2,092,505. 6,674,587 19,515,010 30,443,250 9,280,083 3,938,481 711,127 3,189,221
Repairs.................................. :....................... 1,172,283 134,191 1,271,328 943,090 3,902,681 4,086,727 566,103 30,106 866,501
Bad debts ...................................................... 132,571 90,803 132,772 1,048,996 633,753 413,970 177,181 19,416 183,714
Rent paid on business property ........................ 529,681 457,821 708,344 2,410,155 3,513,957 3,559,080 707,266 216,079 495,296
Taxes paid ..................................................... 1,575,594 905,996 1,753,164 4,268,349 7,379,106 17,102,763 1,503,098 209,119 1,120,173
Interest paid .................................................. 1,709,741 386,954 1,763,162 4,255,708 9,870,263 13,178,216 1,252,525 96,393 1,277,438
Contributions or gifts ...................................... 43,628 21,954 100,259 241,840 606,637 318,711 30,732 6,187 35,126
Amortization ........................... : ...................... 65,928 45,096~ 168,357 1,296,614 1,152,956 1,046,821 114,225 14,352 106,227
Depreciation .................................................. 1,973,937 726,772 4,288,109 5,138,061 12,921,338 10,785,650 2,328,338 116,311 1,729,557
Depletion ........................................................ 514,841 *11 185,508 *4,910 274,160 1,778,504 -4,224 1,533 116,257
Advertising .................................................... 339,635 530,412 711,117 2,809,964 12,399,562 955,510 667,093 259,838 289,145
Pension, profit-sharing, stock bonus, and
annuity plans .............................................. 383,095 214,450 770,294 1,156,918 2,655,888 1,384,247 608,196 21,056 476,343
Employee benefit programs...... : ....................... 732,778, 553,526 1,777,552 3,145,396 7,527,393 2,433,080 1,350,833 96,331 935,453
Not loss, noncapital assets.............................. 12,397 14,056 44,701 132,348 220,792 61,163 15,791 3,639 28,204
Other deductions............................................ 3,759,136 2,926,942 6,370,561 20,717,343 55,337,221 28,376,991 5,783,292 727,015 4,072,970
Total receipts less total deductions...................... 4,087,204 2,053,031 4,714,435 10,996,908 33,583,426 18,649,493 4,546,479 555,420 2,774,994
Constructive taxable income from related
foreign corporations ...................... ..... I ........... 11,115 26,427 465,062 162,794 5,014,279 3,584,692 324,357 2,803 146,155
Net income ....................................................... 4,087,533 2,068,033 5,160,751 11,117,272 38,464,356 22,204,272 4,859,411 555,686 2,917,181
Income subject to. tax ........................................ 2,480,21~' 1,370,581 4,295,661 8,327,859 34,799,148 21,058,051 3,096,583 426,203 1,901,676
Income tax, total 2.. .......................................... *. 881,602 468,523 1,608,470 2,899,440 12,376,771 7,458,860 1,091,082 145,603 677,375
Regular tax .................................................... 838,490. 464,16i 1,494,065 2,857,626 12,134,122 7,366,467 1,055,532 144,684 647,524
Personal holding company tax.......................... - .8
1 - -
Recapture of investment credit ......................... -1 ;39 , 352 - 2
Alternative minimum tax ................................. 39,302 2,682 107,153 30, 39 199,232
39 62 384 31,564 *494 26,993
Environmental tax ........................................... 3,172 1,455 6,509 10,683 41,865 27,990 3,357 425 2,429
Foreign tax credit; ............................................. 4,221 22.164 320,768 241,726 3,693,641 4,240,262 316,593 1,715 130,995
U.S. possessions tax credit ................................. 103 *4,861 *6,764 2,312,285 11,821 8,581 18,752 4,112
Orphan drug credit ............................................. 19,325 -
Nonconventional source fuel credit ...................... 3,860 28 *11,550 63,865 283,004- 24 -3,767
General business bredit ...................................... 9,169 6,819' 17,621 39,424 349,135 137,896 11,633 1,116 10,596
Prior year minimum tax credit.............................. 5,215 2,716 8,948 36,804 187,333 114,170 16,067 1,229 7,707
Total income tax after credits I ........................... 859,137 436,721 1,256,245 2,573,172 5,751,187 2,671,707 738,185 122,791 520,199
Footnotes at and of table. See test for oExplamation of Tome and "Description of the Sample and Linsitation of the Data.'

71
 CidIrporation Returns/1 993
RETURNS VVrM NET INCONIE
Table 7-Balance Sheet, Income. Statement,'. Tax, -and Selected Other Items, by* Major Industry--Con.tinued
(All figures are astirnaws band on 3amples--money amounts are in Oxxtsands of dollars)

Major industry--Continued
Mmufacturing'-Continued
Miscellanecf a
Itern - 'Electrical Transportation manufacturing
Primary Fabricat~d Michinery, and Motor vehicles equipment, Instruments and and
meted industries metal products except electrical electronic and equipment except motor related products manufacturing
equipment vehicles not
allocable
126). (27) (28) (29) (30) (31) (32) (33)
Number of returns. total ............... ................ .... 2,307 28,789 18,692 12,On 1,633 2,142 5,518
...
49,1140.094
Total assets ................................... : ............. .... 102,638,349 164,983,365 448,765.830 413,665,496 113,554,954 129,779,832
2,002,844
Cash ................................. : ........................... 4,896,798 6,903,937 15,722,687. 10,658,124 5,484,354 5,085,330
Notes and accounts receivable.......................... 10,700,283 21,224,606 46,837,268 134,265,758 129,820,141 23,297,079 30,059,064
Less: Allowance for bad debts ... :................... 190,272 386,928 864,758 2,945,874 1,243,129 534,728 587,374
Inventories....................................... ............. 7,442,349 17,610,990 23,500,875 32,113,943 16,805,480 22,938,214 13,081,617
Investments in Government obligations ............. 69,241 417,451 ~ 222,207 15,944,596 *3,485,817 *233,172 6,323,744
Tax-exempt securities ............... : ...................... -59,810 349,412 1,083,623 7,6112,259 *3,475,196 *292,426 3,110,572
Other current assets........................................ 2,148,072 3,261,679 6,777,939 32,989,909 23,162,084 3,646,800 9,948,572
Loans to stockholders ..................................... 192,569 790,811 327,696 474,123 145,325 611,735 100,273
Mortgage and real estate loans ......................... * 1,869 103,329 155,993 6,571,844 15,320,783 *206,997 133,303
Other investments ........................................... 6,319,270 15,618,707
. 31,479,981 88,462,395 i 77,887,918 14,432,52S 24,563,437
Depreciable assets .......................................... 32,540,232 56,846,900' 69,417,610 150,587,249 151,816,014 57,110,415 46,473,706
Less: Accumulated depreciation .................... 17,156,561 311,6)4,568 40,458,096 82,274,878 79,008,925 28,859,744 24,203,356
Depletable assets ............................................ 886,730 *26,415 73,492 66,987 733 'i43,359 *87
Less: Accumulated depletion ......................... 479,480 *15,966. -12,265 "1 9,443 45t -31,233
Land .............................................................. 543,891 1,363,257 1,708,684 2,196,352 1,591,163 1,173,443 982,670
Intangible assets famortizabli) .......................... .1,401',900 5,739,271 10,913,395 15,108,833 12,258,721 5,446,959 6,143,276
Less: Accurnuiated amortizati n .................... 404,130 760,840 2,217,915 3,567,869 1,442,305 568,236 1,660,876
Other assets ........................... 3,061,536 7,167,025 9,133,758 .35,456,959 48,992,809 8,531,416 10,225,799
1
49,140,094.
Total liabilities.; .................................................... .102.6138,349 164,983,365 448,765,836 413,665,496 113.554.954 129,T79,832
Accounts payable ............... 5.440,593 10,132,819 23,822,463 :39,255,152 40,175,398 9,908,799 14,827,422
Mortgages, notes, and bonds payable in less
than one year.................. :............................ 2,309,195 6,924,899 11,758,025_ 80,035,942 68,955,637 4,601,503 8,098,482
Other current' liabilities..................................... 4,238,224. 8,092,427 18,159,308 '25 275 263 469417621 26,M,217 18,757,501
Loans from stockholders ! ........................... 1,770,724 .2,127,643 1~243,777 4:062:740 1:63 :477 379,302 871 .570
Mortgages, notes, and bonds payable in one
year or more .................... 8,315,571 19,351,227 36,124,346 55,529,852
- 74 06282 - 21 922,462 22,979,583
Other liabilities .................... 5,522,566 7,352,734 13,307,595 1,13,052,887 111:1099:565 14:604,526 15,287,077
Capital stock....................... 2,373,758 4, 977,289 12,962,717 10,521,250 6,621,080- 5,194,124 4,147,877
Paid-in or capital surplus ...................................
......... ...... 9,215,718 15,575,504 24,543,965 49,269,672 51,323,428 6,338,949 16,019,233
Retained earnings, appropriated........................ *43,695 57,635 111,313 .23,124 -20,361 -143,121 3,571,590
Retained earnings, unappropriated .................... 10,805,838 31,071,345 28,424,965 80,380,805 13,926,771 27,012,562 29,863,145
Less: Cost of treasury stock............................ 895,789 3,025,174 5,475,110 8,640,856 1,142,124 2,803,611 4,643,646
Total receipts.................................................... 64,901,241 147,197,953
1 185,182,179. 306,944,899 331,504,480 134,049,227 112,631,581
Business receipts ......................................... 63,005002 143,7 5 0,354 174,032,206 2811 326,807 294,033,502' 126,578,668 104,195,616'
Anterest ................... : ...................................... 422:188 752,919 2,208J47 1 :841,732 14,079,010 2,394,545 2,077,476
Interest on Government obligations:
State and local ....................................... :.... 6,202 31,864 97,469 673,201 157,871 28,761 162,553
Rents ............................................................ 406,240 181,418 1,938,670 367,931 9,234,621 1,563,847 1,030,383
Royalties ........................................................ 145.,114 367,700 1..832,962 2,565,680 362,042 179,646 1,596,587
Net short-term capital gain reduced by I
not long-term capital loss .............................. *444 20,707 18,930 110,332 68,693 -21,747. 130,908
Net long-term capital gain reduced by ................
net short-term capital loss ............ : 78,g01 202,955 .684,195. 3,167,710 534,589 166,435 371,806
Net gain, noncapital assets .............................. 107,007 182,840 285,494 1,546,919 2,090,261 965,260 391,531-
Dividends received from domestic corporations.. 14,721 240,342 105,702 214,065 109,126 89,712 51,428
Dividends received from foreign corporations ..... 189,558 349,692 1,174,176 1,922,626 697,576 1,103,983 800,164
Other receipts ................................................. 525,864 1,1'17,161 2,1804,129 3,207,896 10,137,189 956,623 1,823 123
Total deductions ................................................ 61,756,880 1138,1193,477 113,399,836 282,018,597 321,311,032 126,527,064 104,792,495
'
Cost of sales and operations ........................... 49,456,854 98,363,744 1117,952,4N 175,774,523 . 221,365,827 95,521,029 60,009,449
Compensation of officers .................................. 675,342 4,208,316 3,020,291 3,481,642 792,387 511,004 1,385,065
Salaries and wages ......................................... 2,281.,321 8,197,018 14,665,617 ' 26,841,892 12,948,818 7,056,775 13,406,930
Repairs ..................................................... : .... 565,550 )r34,875 1.,317,077 1,895,405 2,332,049 885,008 386,781
Bad debts ........................................ : ............. 80,892 296,974 391,458 1,631,782 1,200,131 236,757 254,718
Rent paid on business property ......................... 317;639 -1,160,449 1,836,557 3,273,948 2,318,926 937,693 1,312,685
Taxes paid ..................................................... 1,144,564 3,558,767. 3,965,222 6,037,326 5,822,677 2,434,054 2,293,164
Interest paid ................................................... 984,540. 2,440,606 4,238,450 .13,412,172 13,637,896 2,510,393 2,760,936
Contributions or gifts ...................................... 44,130 63,988 121,659 226,118 225,046 86,784 129,657
Amortization .......... : ....................................... 107~700 248,071 .617,266 799,111 523,697 183,461 368,481
Depreciation ............ : ........................... : .......... 1,910,519 4,017,090 5,731,946 16,615,370 16,977,831 2,613,957 3,111,945
.
Depletion ........................................................ 131,556 72,147 16,586 577 18,866 23,077 6
Advertising..: ................................................. 108,938 1,424,317 1,722,374 3,337,837 3,371,711 263,624 2,275,551
Pension, profit-sharing, stock bonus, and
annuity plans ................... : ........................... 381,068 893,425 1,515,568 1,776,017 6,832,150 1,059,560 926,397
Employee benefit programs ............................... 1,042,856 2,839,084 3,991,284 6,614,715 11,853,086 2,797,970 2,499,906
Net loss, non~apital assets............................... 21,961 511,0~3 343,942 141,268 -21,011 57,928
Other deductions ................................... : 2,501,4511 9,693,593 13,952,W. 20,758,895 21,068,922 9,347,992 13,573,335
Total receipts less total deductions...................... .3,144,361 9,782,343 24,926,302 10,193,448 7,522,164 7,839,086
Constructive taxable income from related
foreign corporations..................................... 13 643 3 421,753 1,399,007 1,504,604 7,244,615 268,873 861,851
Net income .....................................: .................. 3,268,392 9,394,366 11,083,881 25,757,705 17,280,092 r .7,762,276 8,538,384
Income subject.to tax.......................................... 2,255,770 5,847,681 8,169,415 21,751,311 13,601,061 6,252,817 7,224,313
Income tax, total ...................; .......................... 830,988 2,001,836 2,864,498 7,646,853 5, 1 24,326 2,245,123 2,508,722
Regular tax ................................... ................. 779,998 11,952,3~1 2,793,677 7,560,923 4,75.1,689 2,181,020 2,477,161
Personal holding company tax.......... (11
Recapture of investment credit ................ ~530 717 18 943
Alternative minimum tax....... 46,844 43,173 57,410 48,450 -351,321 47,331 22,606
Environmental tax ...................................... 14115 5,934 9,894 26,599 ~1,1 56 9,993 8,528
Foreign tax credit ............................................... 125,096 281,899 .676,049 1,051,056 2,683,646 128,427 510,301
U.S. possessions tax credit................................. 1 18 5,586 *46,990 1,010,851 12,57.7 740 412,228
Orphan drug credit ........................... : ................. - 1,161
Nonconventional source fuel credit ...................... Z119 .1 1,287 42 2,051
General business credit ....................................... 7,680 22,665 .129,109 224,815 401,164 14,865 65,076-
Prior year minimum tax credit .......... ................... 29,331 24,643 30,426 253,133 84,267 12,787 53,913'
Total income tax after credits 3: ...... : .................... 668,741 1,667,042 1,980,638 5,106,998 l,942,629 2,086J52 1,466,044
Footnotes at end table. See test for nEitplanatifei of Te"" and 'Description of the Samoa and Limitation of the Data.6
r

72
 Corporation Returns/1 993
RETURNS VaM NET INCOME
Table 7-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
(All figures are estimates basad.on samples.-money amOwts are in thousands of dollars)

Major industry--Confinued
Transportation and public utilities Wholesale and retail trade
Wholesale trade
Item Electric,
Total Transportation Communication gas, and Total Groceries Machinery, Miscellaneous
sanitary Total and related equipment, ~holesale
services products and supplies trade

(34) (35) (36) (37) (38) (39) (40) (41) (42)

Number of returns. total ............. ...................... 97,212 79,699 9,272 8,241 582,440 193,910 14,213 32,032 147,665
Total assets..................................................... 1,519,635,916 198,041,634 568,492,758 753,101,524 1,358,268,893 661,250,860 40.361,685 57,123,331 563,765,844
Cash ............................................................ 22,722,842 8.893,060 7,577,416 6,252,366 70,971,734 31,017,416 2,092,630 3,624,226 25,300,559
Notes and accounts receivable ........................ 176,668,921 24,668,270 104,488,849 47,511,802 280,577,055 170,686,111 11,570,396 16,862,540 142,253,176
Less: Allowance for bad debts ...................... 4,666,199 516,194 2,874,473 1,275,532 6,115,786 2,944,829 265,674 308,465 2,370,690
Inventories .................................................... 23,797,971 2,626,514 5,342,756 15,828,702 357,542,000 175,559,813 9,925,452 18,932,026 146,702,335
Investments in Government obligations ............ 5,630,402 362,339 2,990,637 2,277,426 35,297,502 32,075,936 *12,672 140,329 31,922,935
Tax-exempt securities ..................................... 2,805,272 314,967 2,077,272 413,033 23,702,822 2,281,239 25,413 *58,570 2,197,256
Other current assets....................................... 61,977,756 9,249,338 23,579,710 29,148,708 118,269,526 79,446,208 1,210,345 2,356,709 75,879,153
Loans to stockholders .................................... 1,862,724 1,040,184 231,402 591,138 7,908,427 3,149,515 270,723 388,636 2,490,157
Mortgage and real estate loans ........................ 751,830 589,434 90,440 71,956 6,276,627 1,344,562 216,855 129,975 997,731
Other investments .......................................... 258,359,696 31,708,271 155,076,418 71,574,907 136,491,399 57,264,300 2,518,998 4,840,367 49,904,935
Depreciable assets ......................................... 1,275,873,541 184,919,355 380,413,284 710,540,902 416,420,516 149,224,457 17,542,195 15,997,656 115,684,606
Less: Accumulated depreciation ................... 492,938,186 79,955,606 168,063,263 244,919,317 198,293,395 77,700,022 9,101,604 8,748,376 59,850,042
Depletable assets ........................................... 10,567,576 764,825 9,714 9,793,037 2,464,721 2,303,829 *36,905 *9,198 2,257,726
Less: Accumulated depletion .................... ... 4,833,386 243,928 508 4,588,950 677,062 598,818 -12,785 13,591 582,442
Land ............................................................. 11,676,955 3,777,818 3,641,824 4,257,314 34,146,099 8,526,683 864,775 855,047 6,806,861
Intangible assets (amortizable) ......................... 52,874,339 4,650,232 40,146,774 8,077,333 35,075,658 16,651,355 2,817,505 932,285 12,901,565
Less: Accumulated amortization ................... 8,528,570 864,805 5,727,885 1,935,880 8,920,394 3,895,704 461,626 311,827 3,122,251
Other assets .................................................. 125,032,531 6,057,559 19,492,390 99,482,581 47,131,445 16,858,809 1,098,510 1,368,027 14,392,272
Total liabilities .................................................. 1,519,635,916 198,041,634 568.492,758 753,101,524 1,358,268,893 661,250,860 40,361,685 57,123,331 563,765,844
Accounts payable .......................................... 77,968,913 16,256,112 26,650,921 35,061,879 214,463,821 121,743,352 9,003,346 12,648,551 100,091,455
Mortgages, notes, and bonds payable in less
than one year ............................................. 119,087,860 9,860,613 80,878,255 28,348,991 224,335,469 142,897,782 3,586,901 9,074,392 130,236,489
Other current liabilities.................................... 107,965,753 18,480,181 41,532,122 47,953,450 179,946,961 94,033,086 3,933,093 4,462,366 85,637,628
Loans from stockholders ................................. 6,535,978 3,451,524 2,393,098 691,356 28,260,995 12,562,176 737,382 1,395,628 10,429,166
Mortgages, notes, and bonds payable in one
year or more ............................................... 394,409,454 46,589,907 115,910,653 231,908,894 204,111,144 84,282,709 7,500,348 7,154,337 69,628,023
Other liabilities .............................................. 263,376,375 32,766,287 78,340,797 152,269,290 92,532,645 23,586,990 1,352,844 1,696,048 20,538,098
Capital stock................................................. 147,781,292 6,277,089 36,388,759 105,115,444 53,095,921 27,358,354 1,372,755 3,148,975 22,836,624
Paid-in or capital surplus ................................. 239,087,044 25,927,604 141,128,673 72,030,767 111,592,232 45,065,303 2,506,343 3,675,530 38,883,430
Retained earnings, appropriated ....................... 10,614,410 293,927 7,286,826 3,033,657 787,597 387,257 *79,305 64,300 243,652
Retained earnings, unappropriated ................... 169,435,198 41,610,251 48,561,644 79,263,304 270,291,891 119,084,854 10,962,261 14,893,228 93,229,365
Less: Cost of treasury stock .......................... 16,626,361 3,471,861 10,578,991 2,575,509 21,149,782 9,751,002 672,892 1,090,025 7,988,085
Total receipts ................................................... 847,361,3" 247,822,069 272,138,875 327,400,400 2,929,136,468 1,369,T77,558 189,681,179 119,824,369 1,060,272,009
Business receipts........................................... 800,122,779 237,749,043 249,942,642 312,431,094 2,860,064,495 1,341,456,180 186,808,424 117,208,255 1,037,439,501
Interest ......................................................... 12,922,212 2,217,527 5,559,834 5,144,850 22,097,565 10,965,291 391,561 444,764 10,128,966
Interest on Government obligations:
State and local ........................................... 293,930 33,048 139,589 121,293 1,490,082 209,872 14,060 16,780 179,032
Rents........................................................... 9,321,093 2,300,496 4,954,808 2,065,789 4,412,069 1,484,664 215,079 307,287 962,298
Royalties....................................................... 574,666 92,126 388,639 93,901 2,980,172 639,621 -19,970 12,441 607,210
Net short-term capital gain reduced by
net long-term capital loss............................. 128,838 13,114 60,354 55,371 351,703 115,383 7,774 3,760 103,849
Net long-term capital gain reduced by
net short-term capital loss ............................ 2,692,471 513,586 918,017 1.260,868 2,437,189 1,162,963 39,512 144,438 979,013
Net gain, noncapital assets............................. 3,287,536 1,140,861 612,888 1,533,787 2,908,768 1,611,256 41,922 251,671 1,317,663
Dividends received from domestic corporations. 1,256,847 90,138 773,182 393,527 667,513 318,121 23,587 8,782 285,752
Dividends received from foreign corporations .... 190,785 57,527 112,686 20,572 869,214 585,345 -16,431 58,877 510,037
Other receipts ................................................ 16,570,190 3,614,604 8,676,237 4,279,349 30,857,698 11,228,860 2,102,858 1,367,315 7,758,687
Total deductions............................................... 782,226,733 236,350,T75 244,119,890 301,756,068 2,850,898,602 1,336,721,440 186,811,138 115,610,937 1,034,299,366
Cost of sales and operations........................... 321,290,836 95,805,773 70,729,875 154,755,187 2,193,149,295 1,102,812,043 160,633,376 87,587,922 854,590,745
Compensation of officers ................................ 6,767,003 4,123,996 1,171,972 1,471,035 41,558,932 21,522,542 1,845,138 3,228,992 16,448,412
Salaries and wages ........................................ 75,081.955 39,704,686 22,158,513 13,218,755 214,165,587 66,594,453 8,872.575 8,363,704 49,358,174
Repairs ......................................................... 28,166,166 6,695,893 10,179,540 11,290,733 11,900,560 3,789,266 616,444 454,305 2,718,518
Bad debts ..................................................... 6,834,498 718,845 4,685,014 1,430,640 6,638,369 2,513,212 267,652 301,905 1,943,656
Rent paid on business property ........................ 19,446,080 10,780,017 5,080,699 3,585,364 47,808,870 10,532,295 1,262,356 1,173,748 8,096,192
Taxes paid .................................................... 38,771,252 9,841,139 10,340,065 18,590,048 43,841,054 16,384,922 1,872,748 1.593,678 12,918,496
Interest paid .................................................. 42,104,064 5,606,704 13,896,769 22,600,592 33,674,806 14,279,113 990,957 1,170,063 12,118,093
Contributions or gifts ..................................... 649,686 115,531 272,802 261,353 810,167 352,006 50,967 47,184 253,856
Amortization ................................................. 4,907,453 319,730 3,657,586 930,137 2,724,242 1,091,140 154,207 96,543 840,390
Depreciation .................................................. 73,681,597 12,333,313 30,577,681 30,770,603 36,653,108 14,953,345 1,431,356 1,969,923 11,552,066
Depletion...................................................... 843,666 105,789 12,759 725,118 208,308 189,561 3,637 2,870 183,054
Advertising................................................... 5,"4,149 913,033 4,095,703 435,412 32,631,701 9,206,007 794,556 580,254 7,831,197
Pension, profit-sharing, stock bonus, and
annuity plans .............................................. 5,513,485 2,037,247 1,276,683 2,200,555 6,751,600 3,175,672 437,563 412,857 2,325,251
Employee benefit programs ............................. 18,717,923 6,468,736 8,067,030 4,182,158 17,803,612 6,017,623 996,384 827,880 4,193,359
Net loss, noncapital assets .............................. 1,642,022 82,794 972,498 586,730 1,062,206 614,879 39,627 64,825 510,427
Other deductions ........................................... 132,364,899 40,697,548 56,945,702 34,721,648 159,516,186 62,693,361 6,541,594 7,734,285 48,417,481
Total receipts less total deductions ..................... 65,134,611 11,471,294 28,018,985 25,644,332 78,237,866 33,056,117 2,870,041 4,213,432 25,972,644
Constructive taxable income from related
foreign corporations ....................................... 886,300 124,190 638,094 124,016 1,434,455 1,037,136 *1.139 1 8,462 1,017,535
Net income ...................................................... 65,726,981 11,562,436 28,517,490 25,647,055 78,182,240 33,883,382 2,857,121 4,215,114 26,811,147
Income subject to tax ........................................ 56,804,858 7,886,066 25,825,225 23,093,568 48,058,945 19,696,632 1,975,607 2,331,951 15,389,074
Income tax, total I ............................................ 20,564,670 2,821,792 9,167,658 8,575,219 16,255,071 6,620,095 665,686 739,064 5,215,344
Regular tax.................................................... 19,667,214 2,628,804 8,991,044 8,047,367 15,689,905 6,394,345 658,728 720,904 5,014,713
Personal holding company tax ......................... *344 *161 - *161
Recapture of investment credit ........................ 14,370 3,503 10,867 *1,220 *838 * 142 *696
Alternative minimum tax ................................. 796,544 182,475 131,168 482,901 508,829 200,679 5,169 15,579 179,932
Environmental tax .......................................... 93,226 10,546 41,474 41,206 49,406 17,294 1,942 1,568 13,784
Foreign tax credit .............................................. 343,148 60,433 262,007 20,708 732,237 415,049 2,565 13,856 398,627
U.S. possessions tax credit ................................ 82,567 15 82,552 22,269 2,186 - 128 2,058
Orphan drug credit ............................................
Nonconventional source fuel credit ..................... 210,874 - 17,181 162,349 57,070- 57,022- 538 -1,761 .-54,724-
General business credit ...................................... 519,988 64,775 177,790 277,423 280,603 62,526 6,253 3,279 52,994
Prior year minimum tax credit............................. 657,825 78,025 359,064 220,736 128,958 52,423 4,502 6,955 40,966
Total income tax after credits ' ........................... 18,750,226 2,587,201 8,269,064 7,893,960 15,033,933 6,030,888 651,828 713,085 4,665,975
Footnotes at end of table. See text for *Explanation of Terms' and 'Description of the Sample and Limitation of ft Wta.'

73
 Corporation Returns/1 993
RETURNS WITH NET INCOME
Table 7-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
(All figures are estimates based on sample-money amounts are in thousands of dollars)

Major industry--Continued-
Wholesale and retail trade--Continued
Retail trade
Item Building Automotive Furniture Wholesale
materials, General dealers Apparel wd and Eating and Misoellaneous and retail
,
Total gar den supplies merchandise Food stores and accessory 'home drinking retail trade not
and mobile stores service stores furnishing places stores allocable
home dealers stations stores
(43) (45) (46) (47~ 148) (49) (50) (51) (52)
Number of returns, total ...................................... 385,386 24,531 4,9T7 33,662 65,599 22,039 25,234 88,313 121,031 3,145
Total assets ...................... :.................. 695,017,579 32,924.382 271,278,511 82,490,775 84,452,011 37,419,468 23,295,968 60,715,621 92,440,843 2.000,454
:--- ......
Cash .............................................................. 39,585,135 1,897,472 7,936,958 6,184,543 7,227,238 2,034,304 1,847,344 4,453,347 8,003,929 369,185
Notes and accounts receivable ............... :.! ........ 109,289,960 5,767,693 56,697,632 6,321,359 12,912,448 5,056,814 5,036,089 3,195,992 14,301,934 600,984
1. Less: Allowance for bad debts ....................... 3,161,018 91,157 1,890,564 54,755 176,622 172,078 147,572 112;673 515,598 *9.939
Inventories ...................................................... 181,526,880 11,505,212 43,567,164 18,251,240 50,111,283 12,099,656 9,097,301 1,853,~147 '3s,o4i:877 455,307
Investments in Government obligations.............. 3,221,566 '21,136 -2,460,679 278,812 133,171 '30,024 *39,542 49,199 209,004 -
Tax-exempt securities........................... 7.......... 21,421,583 -18,900 '20,583,373 479,661 28,873 '29,680 -76,4k *29,042 175,572
Other current assets ......................... ;.............. 38,760,454 - 1,497,137 25,382,755 2,435,710 2,167,015 1,997,294 742,016 1,559,788 2,978,739 62,864-
Loans to stockholders ............ 4,749,522 198,805 331,912 257,212 940,863 83,070 165,228 1,280,569 1,491,863 *9,389
Mortgage and real estate loans..........................
......................... 4,925,477 487,724 3,667,923 88,605 133,859 -21,145 *38,847 282,239 205,134 *6,588
Other investments ................... ....................... 79,073,638 2,084,542 50,180,072 4,343,663 2,337,127 5,863,300 1,552,039 7,386,187 5,326,707 153,462
Depreciable assets ........................................... 266,602,606 12,605,021 66,978,880 55,929,823 28,105,177 15,026,686 7,545,340 46,297,764 34,113,915 593,453
Less: Accumulated depreciation ..................... 120,269,709 5,923,626 23,268,044 26,372,105 14,674,139 6,530,729 3,755,821 21,784,723 17,960,522 323,664
Depletable assets ............................................ 160,892 '39,197 - '30,397 *4,898 - *13,479 .13,988 .58,933
Less: Accumulated depletion ......................... 78,245 11,620 -6,542 *3,387 *7.468 -9,712 *39,516
Land ..............................................................
I 25,592,073 2,092,105 7,323,690 4,734,080 3,105,529 295,159 .304,634 5,674,412 2,062,465 27,343
Intangible assets (amortizable), .......................... 18,406,331 289.763 2,976,688 2,108,280 1,148,655 1,953,621 417,276 4,552,208 4,959,840 17,971
Less: Accumulated amortization ..................... 5,014,316 122,460 332,485 507,438 520,483 392,839 105,753 1,465,5163 1,567,295 10,374
Other assets.................................................... 30,224,750 568,538 8,681,877 7,988,228 1,470,505 24,362 436,968 7,460,410 3,593,863 47,886
Total liabilities .................................................... 695,017,579 32,924,382 271,278,511 82,490,775 94,452,011 37,419,468 23,295,960 60,715,621 92,440,SQ 2,000.454
Accounts payable ............................................. 92,387,712 4,816,332 31,53~.019 14,725;099 8,767,175 6.1111,958 4,061,387 3,846,098 18,527,644 332,758
Mortgages, notes, and bonds payable in less
than one year............................................... 81,235,068 2,437,219 20,630,670 5,365,385 40,100,963 2,183,382 1,773,216 2,715,869 6,028,364 202,620
Other current liabilities..................................... 85,792,275 2,359,978 47,765,584 9,398,055 5,934,260 4,219,623 2,306,619 5,087,699 8,720,457 121,600
Loans from stockholders.................................. 15,593,038 1,267,327 971,234 1,376,569 4,066,023 663,848 574,774 2,510,546 4,162,717 105,781
Mortgages, notes, and bonds payable in one
year or more ................................................. 119,449,721 .6,181,031 43,260,912 20,061,782 .11,490,289 4,751,226 2,996,600 17,534,190 13,173,691 378,714
Other liabilities ............................................ ...... 68,902,804 610;393 44,808,776 8,480,923 1 252674 947,882 988,443 8,278,214 3,535,498 42,851
Capital stock .............. : ........ : .......................... 25,602,028 1,350,728 5,878,075 3,201.926 , 3:668:877 2,864,700 1,469,051 3,565,020 3,603,651 135,539
Paid-in or capital surplus .................................. 66,344,840 3.,270,084 29,187,923 5,255,237 .3,473,659 4.064,543 1,497,598 8,131,842 11,463,954 182,089
Retained earnings, appropriated ........................ 387J72 *33,398 -32,292 60,449 50,475 *17,636 *50,278 -34,199 109,044 -12,569
Retained earnings, unappropriated ..................... 150
1 674 073 11,126649 49 111:450 157851 842 17009075 12,407 143 87207117 11 6019;166 24928032 532,962
Less: Cost of treasury stock ........................... 1:351:750 528:756 1:900 425 1:1 6:492 1:361:459 812:474 1:142:7 6 2:6 7,222 1:812:208 -47,029
Total receipts ...........I ........... :.............................. 1,553,876,4119 79,124,78~1 297,486,208 285,716*,508 406,913,915 76,112,672 52,556,914 115,548,486 240,410,935 5,488,490
Business receipts ............................................. 1,513,292,612 77,789,371 282,207,571 280,870,527 400,717,340 73,638,606 51,210,778 110,373,415 236,485,003 5,315,702
Interest.......................................................... 11,095,528 489,55~3 7,044,724 334,439 759,736 507,926 347,896 969,665 641,587 36,746
Interest on Government obligations:
State and local ............................................. 1,279,702 19,969 1,132,080 43,048 6,825 21,514 8,270 13,612 34,384 508
Rents............................................................. 2,923,031 49,516 .1,304,733 689,048 174,838 106,718 44,158 383,863 170,158 *4,374
Royalties ......................................................... 2,340,495 138,972 392,768 57,357 *3,035 485,624 *17,028 829,495 416,217 56
Net short-term capital gain reduced by
net long-term capital.loss.............................. 228,402 9,19.1 -161,718 6,356 16,304 -1,381 *786 11,038 21,626 -7,919
Net long-term capital gain reduced by
net short-term capital loss............................. 1,256,475 52,164 410,128 95,879 87,737 181,351 93,917 211,907 123,392 *17,751
Net gain, noncapital assets ............................... 1,297,225 34,991 131,742 132,057 441,107 11,199 33,903 305,685 206,541 *287
Dividends received from domestic corporations... 347,627 15,438 192,835 37,878 7,157 60,970 4,347 12,655 16,348 *1,764
Dividends received from foreign corporations...... 282,875 '33 *58,178 *9,619 140 15,939 87,364 109,903 -1,699 994
Other receipts ................ E ..................... .......... 19,526,448 525,584 4,449,732 3,440,300 4,699,697 1,081,443 708,466 2,327,247 2,293,978 102,390
Total deductions ......... ...................................... 1,508,986,942 76,145,613 287,441,356 279,861,840 401,064,017 72,564,929 50,682,297 109,613,710 231,613,178 5,190,220
Cost of sales and operations ............. ; ............... 1,086,666,746 56,418,603 191,770,517 212,623,881 343,974,672 44,470,706 32,684,680 45,017,426 159,706,259 3,670,506
Compensation of officers................................. 19,799,498 1,667,251 738,791 1,449,308 4,816,760 1,069,845 1,349,947 2,894,049 5,813,547 236,892
Salaries and wages....................... : ............ ..... 147,122,166 7,384,571 32,419,396 28,100,488 19,637,022 8,902,646 5,609,228 21,824,194 23,244,621 448,968
Repairs........................................................... 8,095,631 414,698 1,337,817 1,794,632 1,127,966 366,432 273,989 1,657,154 1,122,343 16,262
Bad debts ................................... .... : .............. 4,112,722 2 1 8,300 1,746,531 280,990 323,702 290,977 293,051 166,124 793,046 12,434
Rent paid on business property ......................... 37,192,042 1,167,890 7,100,191 5,076,774 3,868,369 4,729,990 1,842,741 6,348,171 7,057;917 84,533
Taxes paid ...................................................... 27,374,121 1,357,585 5,791,917 4,471,270 4,269,715 1,620,657 1,070,242 4,559,767 4,232,969 82,010
Interest paid ................................................... 19,342,619 972,005 7,623,923 2,262,490 2,518,998 729,905 481,351 2,611,696 2,142,251 53,074
Contributions or gifts ....................................... 457,012 18,356 169,082 73,024 30,888 41,732 20,081 37,877 65,972 1,149
Amortization ................................................... 1,631,537 48,433 307,263 147,242 150,510 90,430 39,068 380,191 468,400 1,565
Depreciation ...... ;............................................ 21,618,812 929,698 5,539,924 4,136,777 2,606,099 1,412,284 689,919 3,237,740 3,066,374 80,951
Depletion ........................................................ 18,747 7,808 .*120 *130 -2,467 - *146 -8,074
Advertising ..................................................... 23,395,851 888,937 5,137,435 2,371,435 3,643,027 1,492,406 2,087,636 3,106,343 4,668,632 29,843
Pension, profit-sharing, stock bonus, and
annuity plans ................................... a ........... 3,551,520 215,149 906,478 906,223 354,208 205,147 125,786 242,259 596,270 24,409
Empfoyee benefit programs ............................... 11,737,0BO .417011 2,836,799 3,465,623 1,642,741 561,146 289,249 1,166,248 1,358,262 48,909
Net loss, noncapital assets............................... . 446,206 16:326 105,505 54,288 24,856 62,853 20,105 71,259 91,014 .1,122
Other deductions ............................................. 96,425,232 4,002,993 23,909,667 12,647,264 12,072,020 6,517,770 3.805,224 16,293,066 17,177,228 397,593
Total receipts legs total deductions....................... 44,883,478 .2,979,168 10,044,852 5,854,668 5,849,898 3,547,743 1,874,617 5,934,777 8,797,757 298,271
CoAstructive taxable income from related
foreign corporation ......................................... 397,319 90,608 '986 *313 24,625 231,'393 49,393
Net income............. ....................... .............. 44,001,095 2,959,199 9,003,380 5,812,606 5,843,386 3,550,854 1,866,347 6,152,557 8,812,766 297,763
Income subject to tax ......................................... 28,131,682 :1,964,480 7,691,877 4,396,932 2,061,383 2,964,140 887,431 3,436,970 4,728,470 .230,631
Income tax, total ............................................... 9 559;923 633 639 2,909,071 1,509,302 625,774 992,025 266,987 1,133,582 1,489,542 75,054
Regular tax ..................................................... 9220,735
: 627886
: 2,676,870 1,489,127 601,065 987,202 264,704 1,121,222 1,452,660 74,825
Personal holding company tax ........................... *183 - *130 *21 - - - ..33
Recapture of investment credit .......................... *382 .104 - *278 411 -
Alternative minimum tax .................................. 308,150 -4,863 220,133 13,762 26,667 1,369 1,677 8,378 31,302
Environmental tax ............................................. 31,883 1,706 12,069 5,624 682 3,454 547 3,718 4,082 229
Foreign tax credit ............................................... 316,362 194 -45,236 1,734 *38 12,707 *693 241,392 14,468 826
U.S. possessions tax credit........... ...................... 20,082 - 14,639 3,128 642 - 1,604 69 -
Orphan drug credit .............................................. - -
Nonconventional source fuel credit ....................... '48 '46- -2
General business credit ....................................... 218,077 7,334 51,978 49,117 6,874 10,600 3,262 73,415 15,497
Prior year minimum tax credit ............................... 76,535 3,587 *7,068 42,374 11,777 *1,593 1, 149 3,542 5,444
Total income tax after credits,3 ............................ 8,928,817 622,624 2,790,105 1,412,948 606,443 967.125 261,883 813,627 1,454,062 74,228-
Footnotes at and of table. See tat for 'Explanation of Terms' and 'Descriptim of the Sample and1imilation of the Dat..*

74
 Corporation Returns/1 993
RETURNS WITH NET INCOME
Table 7-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
JAH figures are estimates based on samples-oney amounts are in thotrsands of dollars)

Major induStry--Continued
Finance, insurance, real estate
Holding
Item Credit Security, Insurance and other
Total Banking agencies commodity Insurance agents, Real imiestme I
other than brokers brokers, and estate companies,
banks and services service except bmk
holdinq companies
(53) (54) (55) (56) (57) (58) (59) (60)
Number of returns. total ...................................... 296,483 8,610 15,317 11,043 6,297 48,116 180,255 26.8"
Total assets ....................................................... 11,495,202,047 4,173,657,783 1,541,274,828 SW,771,503 2,593,985,815 35,618,847 130,032,452 2,323,860,819
Cash .............................................................. 419,088,862 281,572,739 54,005,474 16,821,865 22,152,669 6,535,421 13,053,237 24,947,457
Notes and accounts receiv ble .......................... 2,656,585,939 1,891,451,122 313,784,227 147,712,234 155,016,979 8,901,399 9,785,367 129,934,611
Less: Allowance for bad al debts....................... 64,504,630 48,633,890 13,663,355 251,751 1,336,316 64,455 212,281 342,582
Inventories ..................................................... 11,746,273 121,040 369,780 228,940 2,873,575 *11.598 7,889,686 261,654
Investments in Government obligations .............. 1,138,009,858 540,009,304 61,151,188 32,113,763 227,731,430 460,639 673,818 275,869,916
Tax-exempt securities ...................................... 507,533,155 68,750,637 21,720,387 2,030,355 220,227,554 581,819 720,180 193,502,223
Other current assets ........................................ 936,877,610 196,432,385 85,116,007 289,3S2,188 262,115,391 2,123,377 9,839,234 91,899,027
Loans to stockholders ...................................... 17,654,865 307,891 4,957,062 616,769 3,239,242 605,371 2,231,112 5,697,417
Mortgage and real estate loans......................... 1,381,440,651 387,533,363 768,484,759 5,758,300 203,172,099 124,289 4,695,340 11,672,502
Other investments ........................................... 3,650,885,859 454,274,842 188,894,281 135,977,029 1,318,577,824 10,248,097 19,907,982 1,523,005,804
Depreciable assets........................................... 277,025,549 96,962,944 23,078,592 10,229,048 44,942,436 6,350,397 63,830,934 31,631,198
Less: Accumulated depreciation ..................... 104,493,754 42,700,210 10,033,963 5,277,195 9,974,549 3,621,480 24,990,546 7,895,811
Depletable assets............................................ 773,888 7,677 *6,553 *59,690 225,620 -17,140 327,041 130,167
Less: Accumulated depletion ......................... 315,185 -3,321 2,483 *42,388 101,464 -6,180 124,790 34,557
Land .............................................................. 33,841,633 7,459,854 1,987,814 201,329 1,757,225 240,468 16,855,334 5,339,609
Intangible assets (amortizablell .......................... 39,665,062 18,594,660 6,153,706 2,263,124 7,182,266 2,249,968 1,452,491 1,768,846
Less: Accumulated amortization ..................... 10,358,314 4,174,507 1,326,471 827,694 2,089,531 815,992 588,008 536,111
Other assets ................................................... 603,744,725 325,691,254 36,591,270 59,805,898 138,273,363 1,686,971 4,686,520 37,009,450
Total liabilities.................................................... 11,495,202,047 4,173,657,783 1,541,274,828 696,771,503 2,593,985,815 35,618,847 130,032,452 2,323.860,819
Accounts payable............................................ 445,779,414 131,981,267 66,643,963 130,926,651 42,053,710 10,462,331 4,212,131 59,499,361
Mortgages, notes, and bonds payable in less
than one year ............................................... 581,733,857 157,887,463 227,607,057 51,923,281 62,104,035 1,567,771 11,603,413 69,040,836
Other current liabilities ..................................... 4,669,621,391 3,036,452,790 640,092,901 420,609,811 504,449,259 3,939,845 7,155,829 56,920,957
Loans from stockholders .................................. 44,754,864 7,228,110 15,168,288 1,509,714 7,989,659 457,627 9,120,559 3,280,908
Mortgages, notes, and bonds payable in one
year or more ................................................ 712,864,093 197,711,395 324,298,492 28,821,132 70,897.988 2,896,905 39,721,941 48,516,240
Other liabilities................................................ 1,801,290,694 202,772,768 127,885,328 26,109,814 1,410,702,343 3,125,609 8,488,209 22,206,623
Capital stock .................................................. 1,256,984,665 63,708,079 13,020,056 4,773,370 23,233,488 1,267,389 10,946,917 1,140,035,365
Paid-in or capital surplus .................................. 2,358,804,619 178,199,983 66,488,818 13,262,856 196,027,398 3,540,459 24,043,246 1,877,241,859
Retained earnings, appropriated ........................ 70,910,441 1,984,138 4,703,927 41,543 43,227,514 18,705 1,297,822 19,636,792
Retained earnings, unappropriated ..................... 664,078,102 199,816,579 60,514,331 21,388,799 238,987,308 9,518,437 15,393,460 118,459,188
Less: Cost of treasury stock ........................... 1,111,620,092 4,084,788 5,148,333 2,595,468 5,686,888 1,176,231 1,951,075 1,090,977,310
Total receipts..................................................... 1,699,628,570 382,771,836 172,246,614 82,347,591 829,694,810 32,484.5" 73,355,726 126,727,445
Business receipts ............................................. 865,130,139 53,600,437 55,533,970 48,698,647 609,241,797 31,004,014 60,126,645 6,924,630
Interest .......................................................... 579,663,766 270,386,545 95,836,931 22,998,868 124,026,287 411,077 1,659,148 64,344,911
Interest on Government obligations:
State and local ............................................. 29,116,660 5,697,921 932,875 233,880 8,574,616 55,910 93,515 13,527,944
Rents ............................................................. 30,557,627 9,649,277 1,751,683 418,726 10,728,441 84,833 3,481,202 4,443,465
Royalties ........................................................ 926,263 275,261 109,443 5,236 62,934 *10,223 176,403 286,763
Net short-term capital gain reduced by
net long-term capital loss .............................. 23,472,635 217,076 243,104 672,742 6,757,333 21,356 75,218 15,485,807
Net long-term capital gain reduced by
net short-term capital loss............................. 25,817,743 1,910,879 1,486,086 767,298 17,136,692 95,264 2,569,300 1,852,224
Net gain, noncapital assets ............................... 7,849,182 5,080,630 1,662,758 164,995 347,716 35,652 400,545 156,887
Dividends received from domestic corporations ... 6,300,349 532,003 402,125 241,761 4,231,201 55,621 154,830 682,808
Dividends received from foreign corporations ...... 1,245,785 389,250 33,792 119,508 398,738 124,491 6,497 173,509
Other receipts................................................. 129,548,419 35,032,558 14,253,847 8,025,930 48,189,055 586,108 4,612,423 18.848,498
Total deductions ................................................ 1,450,970,266 330,001,135 149,076,430 71,755,687 775,322,939 29,252,067 63,220,209 32,341,799
Cost of sales and operations ............................. 454,242,226 458,726 15,799,757 5,015,334 407,271,617 4,079,379 19,605,510 2,011,903
Compensation of officers................................. 31,269,782 12,597,175 3,039,696 4,886,844 2,722,069 3,743,816 3,328,305 951,878
Salaries and wages .......................................... 144,627,741 41,184,664 15,279,463 17,583,591 54,078,107 7,440,302 7,286,074 1,775,541
Repairs ........................................................... 6,692,267 2,986,936 720,693 336,458 522,945 199,593 1,736,834 188,807
Bad debts ....................................................... 29,849,970 20,321,633 6,141,240 599,172 1,976,053 97,394 235,259 479,218
Rent paid on business property ......................... 18,955,644 6,253,083 2,036,671 1,980,230 5,376,305 1,247,213 1,782,067 280,075
Taxes paid ...................................................... 32,292,844 8,567,493 2,690,406 2,021,810 14,089,646 1,088,048 3,065,190 770,251
Interest paid ................................................... 250,811,709 141,351,561 64,721,215 18,680,651 16,271,008 426,393 3,688,861 5,672,020
Contributions or gifts....................................... 1,350,560 690,627 143,302 130,947 269,685 33,353 55,441 27,205
Amortization ................................................... 6,151,580 2,294,650 966,075 244,342 2,058,444 170,532 203,413 214,123
Depreciation ................................................... 30,761,875 15,194,688 2,700,071 1,026,380 7,081,614 551,622 2,312,685 1,894,815
Depletion ........................................................ 117,507 19,499 4,668 *193 6,213 *694 31,431 54,808
Advertising ..................................................... 9,652,240 3,258,187 2,187,406 1,111,258 1,713,964 283,740 945,135 152,551
Pension, profit-sharing, stock bonus, and
annuity plans ............................................... 7,539,995 2,370,916 692,667 629,742 3,074,676 460,528 216,997 94,469
Employee benefit programs ............................... 17,303,300 6,668,906 1,479,857 797,103 6,919,215 847,717 425,056 165,446
Net loss, noncapital assets ............................... 3,518,771 1,322,863 1,636,298 42,176 271,942 16,000 139,337 90,155
Other deductions ............................................. 405,832,256 64,459,529 28,836,943 16,669,457 251,619,437 8,565,743 18,162,613 17,518,534
Total receipts less total deductions ....................... 248,658,303 52,770,701 23,170,185 10,591,904 54,371,870 3,232,481 10,135,517 94,385,645
Constructive taxable income from related
foreign corporations ......................................... 7,010,056 3,414,002 '418,486 569,656 1,350,674 -215,578 -5,457 1,036,203
Net income ........................................................ 226,551,700 50,486,782 22,655,796 10,927,680 47,147,928 3,392,149 10,047,459 81,893,905
Income subject to tax ......................................... 124,085,725 47,354,379 18,297,891 9,534,371 38,989,084 1,707,603 3,796,349 4,406,048
Income tax, total ............................................... 44,201,029 16,712,144 6,245,287 3,330,877 14,714,285 546,063 1,115,361 1,537,012
Regular tax ..................................................... 42,710,339 16,456,909 6,305,109 3,312,190 13,547,207 539,535 1,065,254 1,484,135
Personal holding company tax ........................... 6,721 *183 *198 - -7 - 3,155 3,179
Recapture of investment credit .......................... 512 '40 97 7 185 *157 25
Alternative minimum tax .................................. 1,418,616 184,623 41,442 7,324 1,101,466 5,018 39,240 39,504
Environmental tax ............................................ 164,075 57,848 22,850 11,372 83,705 11510 1,705 5,085
Foreign tax credit ............................................... 4,140,337 2,297,745 143,255 298,049 875,992 119,294 2,995 403,007
U.S. possessions tax credit.................................. 35,568 15,776 18,929 - - 863 0)
Orphan drug credit ..............................................
Nonconventional source fuel credit ....................... 25,227 9,009- 2,574- 3,454 7,433 *11,1123 -1,246- *387
General business credit ....................................... 420,935 260,569 78,712 6,272 61,621 2,577 8.566 2,618
Prior year minimum tax credit ............................... 1,023,994 454,561 92,258 28,659 417,433 1,766 7,779 21,539
Total income tax after credits ........................ 38,554,969 13,674,485 5,909,560 2,994,444 13,351,807 421,302 1,093,912 1,109,459
LLu:.
Footnotes at end of table. See text for 'Explanation of Termse and 'Description of the SamPle and Uniftation of the Date.-

75
 Corporation Returns/1 993
RETURNS WITH NET INCOME
Table 7-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Cbritinued
(All filituS 11m emmet- baud on umples--monev amounts are in thousands of dollars)

Major industry--Continued
Services

Item Hotels Auto repair; Amusement Nature of

Total arid other Personal Business miscellaneous
. and Other business
lodging services services repa r recreation services not allocable
places services services

(61) . (62) 463) .544 (64) (65) (66) (67) 468)

Number of returns. total....................................... 636 095 12.350 48 192,551 78.002 49,134 255.513 4.381

Total assets ....................................................... 489,428,468 33,659.931 17,278,524 163,992.262 40.544.146 96,043,2b4 137,910.341 617.SS5
Cash ..................... 41,195,361 1,711,818 1,629,184 15,759,049 2,858,237 4,353,707 14,883,366 58,686
Notes and accounts
** ..............
receivable
* ...............
..........................
* 89,764,293 2,868,060 2,368,006 38,186,957 5,090,852 13,213,654 28,036,764 61,395
Less: Allowance for bad debts....................... 4,228,504 121,687 74,231 952,538 ~ 76,632 356,799 2,646,616 *144
Inventories..................................................... 16,389,536 455,098 992,038 4,538,290 2,811,956 5,030,710 2,561,443 82,633
Investments in Government obligations .............. 2,916,202 *20,087 *19,818 909,176 64,625 127,847 1,774,649 -6,295
Tax-exempt securities ...................................... 2,367,884- '16,229 -167,441 712,609 145,602 97,342 1,228,760 *lMfl
Ottier current assets ........................................ 31,767,062 1,051,956 707,822 12,941,973 2,146,249 6,803,641 8,115,422 16,198
Loans to stockholders...................................... 6,987,462 1,274,173 317,426 1,827,819 513,05i 963,983 2,091,011 *10,161
Mortgage and real estate loans ......................... 2,879,167 188,839 *47,037 1,081,610 166,665 165,752 1,229,264 *2,666
Other investments ....................................... ; ... 90,288,597 5,352,065 1,833,293 35,231,393 2,364,923 25,780,791 19,726,132
Depreciable assets ............................................ 245,203,113 25,189,359 12,508,621 65,115,060 34,485,899 41,283,394 66,620,781 .263,028
Less: Accumulated depreciation ..................... 116,632,747 10,121,683 .7,339,659 36,202,409 14,068,566 18,927,860 29,972,570 82,495
Depletable assets ...................................... :...... 330,321 *8,241 *9,203 136,868 *30,635 *9.763 135,612
Less: Accumulated depletion ......................... 123,907 *861 -6,816 22,547. *18,194 *6;766 68,723
Land .............................................................. 12,700,753 3,117,418 784,034 1,459,466 1,318,580 2,328,809 3,692,445 96,470
Intangible assets (amortizable) .......................... 39,207,241 981,185 1,899,359 15,969,669 2,126,384 8,358,606 9,872,037 *2,493
Less: Accumulated amortization ................. ... 11,239,023 325,624 430,397 4,933,704 230,252 3,390,844 1,928,202 *1,362
Other assets ........... ; ....................................... 39,655,657 1,995,258 1,846,344 1.2,233,622 814,132 10,207,534 12,558,766 26,576
Total 11 abilities ......................... :.......................... 489,428,468 33,659,931 17,278,524 163,992,262 40,544,146 96,043,264 137,910,341 617,995
Accounts
- payable ............................................ 42,011,942 1,130,177 860,518 16,948,147 2,799,362 10,452,127 9,821,612 55,009
Mortgages, notes, and bonds payable in less
than one year................................................
I ................... 29,686,639 1,821,427 581,471 11,528,090 5,368,770 2,766,772 7,620,108 -115,217
Other current liabilities ............... : 62,822,717 2,687,859 1,418,179 26,747,107 4,043,851 10,023,989 17,901,732 19,744
Loans from stockholders7 ................................. 17.046,301' 1,652,285 1 008.028 5,547,380 1,500,537 2,119,358 5,318,713 52,219
Mortgages, notes, and bonds payable in one
year or more ................................................ 108,684,086 12,057,715 3,773,939 30,701,170 -13,147,844 17,978,181 31,025,237 *65,473
Other liabilities ................................................ 40,465,486 1,831,848 1;537,181 14,8i7,852 2,436,262 11,677,378 8,164,965
Capital stock .................................................. 23,295,662 3,076,174 1,087,847 6,718,007 1,725,956 5,565,914 5',121,763 72,208
Paid-in or capital surplus .................................. 94,855,682 5,829,548 1,845,206 28,343,508 2,960,087 22,568,670 33,308,663' 167,748
450,046 - *37,100 -
Retained earnings, appropriated ........................ 95,888 *63,086 -78,672 175,301
Retained earnings, unappropriated ..................... 81,754,359 4,233,068 5,899,310 28,337,088 7,114,681 14,600,580 21,569,631 68,060
Less: Cost of treasury stock ........................... 11,644,452 560,171 770,255 5,791,977 616,289 1,788,376 2,117,384 *1,988
Total receipts ..................................................... 688,609,969 30,264,221 29,287,478 243504192 63 329 964 75,710,061 246,574,053 740,557
Business receipts ............................................. 654201,927 28,030,782 28,253,690 23,1,'~18:621 60,'685,i93 169,184,832 236,928,309 708,878
Interest.......................................................... 5:612,1261 281,597 445,357 1,750,362 605,328 1,076,186 1,453,431 *2,459
Interest on Government obligations:
State and local............................................. 627,961 9,055 19,803 406,762 6,230 31*.910 154,201 *118
Rents............................................................. 1,936,528 150,817 25,089 379,247 526,304 395,529 459,542 *643
Royalties ........................................................ 3, 871,321 *64,337 171,471 1,585,057 24,608 1,751,669 274,179 109
Net short-term capital gain reduced by
net long-term capital loss .... ......................... 206,139 *25,833 -3,426 72,490 -4,497 *34,570 65,323
Net long-term capital gain reduced by
9
net short-term capital loss ............................. 1,817,295 241,107 56,768 394,402 64,307 212,612 848,100 353
Net gain, noncapital assets ............................... 2,923,389 117,408 37,418 759,645 1,120,058 545,627 343,232
Dividends received from domestic corporations... 283,389 33,216 22,589 111,487 4,141 33,089 78,867 *532
Dividends received from foreign corporations...... 1,157,216 -76,759 21,216 .395,286 *7,725 645,568 10,662 -

Other receipts............... :................................. 15,972,545 1,173,310 230,650 5,930,834 881,072 1,798,47tl 5,958,208 18,462
Total deductions ....................... : ......................... 640,712,138 27,942,290 27,186,370 226,406,933 60,334,992 70,049,864 228,791,689 637,153
Cost of sales and operations............................. 228,446,673 11,821,328 9,306,059 89,668,095 27,659,47~ 28,442,154 61,549,564 346,072
Compensation of officers ................................. 41,998,491 460,750 1,746,175 13,640,210 2,683,550 3,119,910 20,347,897 -41,679
S ailaries and wages .......................................... 122,767,332 4,302,271 5,317,997 44,486,922 7,157,773 8,769,601 52,732,769 65,836
Repairs........................................................... 6,183,105 466,922 366,588' 1,439,860 1,104,238 830,419 1,975,078' 9,948
Bad debts ....................................................... . 3,286,530 137,459 113,393 823,929 148,327 132,519 1,930,903 *3,713
Rent paid on business property ......................... 22,670,107 908,680 1,577,295. 6,813,617 2,543,287 2,581.856 8,245,371 36,432
Taxes paid ...................................................... 24,235,669 1,449,486 1,303,808 8,478,291 2,117,349 2,148,388 8,738,347 15,004
Interest paid ................................................... 12,815,595 1,176,817 704,866 3,514,857 1,705,467 2,082,711 3,630,876 10,357
I
Contributions or gifts...................... ................. 316,755 30,644 22,095 100,122 20,812 44,184 98,898
Amortization ............................... ................... 3,418,518 104,534 116,526 1,014,923 87,821' 1,356,970 737,745
Depreciation ........... o .................... ; .................. 26,320,908 1,317,964 941,814 8,842,702 5,426,705 4,689,072 5,102,652 10,123
Depletion ........................................................ 28,620 *296 . *224 .*5,794 1 -1,246 21,060
Advertising ..................................................... 8,522,917 590,024 '599,681 3,132,611 849,341 1,660,962 1,690,297 *4,174
Pension, profit-sharing, stock bonus, and
annuity plans ............................................... 4,371,443 74,780 161,545 1,481,197 326,558 200,126 2,127,236 *1,798
Employee benefit programs ................ E ............... 11,247,276 428,040 303,171 3,947,758 783,945 441,746 5,342,615 1,499
.
Net loss, noncapital assets ............................... 496,042 65,610 14,250 200,669 18,152 57,519 139,843 2
Other deductions......................... a ............... : 123,586,157 4,606,684 4,590,885 38,815,375 7,702,193 13,490,481 54,380,638 90.368
Total receipts less total deductions ....................... 47,897,831 2,261,931 2,101,108 17,097,259 2,994,971 5,660,198 17,782,364 103,403
Constructive taxable income from related
foreign. corporations ....* .................................... 575,1~26 22,890 12,008 336,515 9,385 163,711 31,016
Net income ........................................................ 47,845,396 2,275,766 2,093,312 17,027,013 2,998,126 5,791,999 17,659,179 103,285
Income subject to tax ......................................... 22,313,927 1,385,688 1,159,462 8,395,999 1,291,261 2,417,658 7,663,860 27,264
Income tax, total 2.............................................. 7,371,071 478,536 355,620 2,801,703 376,220 830,082 2,528,909 4,470
,Reg6lar tax.................................. : .................. 7,205,079 468,756 352,954 2,733,918 360,124 797,520 2,491,806 4,356
- - .58
Personal holding company tax ........................... *58
Recapture of investment credit .......................... 5 5
Alternative minimum tax.................................. 141,686 7,454 1,678 59,652 14,937 28,623 29,340; 1 14
Environmental tax ..................: ......................... 23006 1 689 978 7864 1,168 3864 7452
Foreign tax credit ..................... :......................... 706:223 '35:906 12,881 424:573 389 198:057 34:416 -7
U.S. popsessions tax crddit .................................. 11,699 5,848 2,235 452 3,163 100
Orphan drug credit..............................................
Nonconventional source fuel credit ....................... 8 33 *442
General business credit....................................... 233,613 22,585 3,572 147,251 15,146 10,404 34,654 *32
Prior year minimum tax credit ............................... 165,177 31,092 2,240 68,391 18,707 10,751 33,996 -
Total income tax after credits 3 ............................ 6,253,877 383,105 336,926 2,159,245 341,978 610,385 2,422,237 4,331
Erthnate should be med with cautiort became of the smill nurnber of sarmle retumat off which it Is baud.
"* Data deleted to avoid disdowne of information for specift corponationf. Deleted data ans Included in the appropriate totals.
Less than $500 par niturf,
Also Inckides excess net passim Warner in (Form 11 20S), branch tax (Fam It 20-F), in Warn Part It (Flarn 11 20.RErf), tax "an Part III (Foffn 11 20-REM, in *am Part IV (Form I I 20-REIT),
in from Uns 4, Part 11 (Forni 11 20-RIC), and afflustments to Income in and to total tax which am not sheiet separately.
- Alm Includes qualified abehic vehicle milk which Is not she" separately.
NOTE:. Detall fray raft add to total became of mulding. See text for 'Explanation of Tomrs' and 'Description of the Sarrtple and Lintitadism, of the Data.'

76
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120-A
Table 8-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Selected Major Industries
[Ali figures are estimates based on samples-oney amounts are in thousands of dollars]

Industrial Divisions and Selected Major Industries

Construction Manufacturing Transp rtation
and publi : utilities
Item All Agriculture,
Industries forestry, Mining Special trade Printing and
and fishing Total contractors Total publishing Total Transportation

it) (2) (3) (4) (5) (6) (7) 18) (9)

Number of returns, toted ......................................... 265,627 9,479 2,147 25,160 15.465 17,447 4,346 10,427 8,158
Total.assets ..................... 13,085,148 748,702 70,341 1,022,455 547,987 924,522 191,948 448,157 323,679
:-
Cash ........................... .... 3,063,755 144, 239 '22,121 249,059 126,630 164,180 32,376 108,531 83,594
* * ...........
Notes and accounts receivable ............................ 1,306,828 71,205
- -11,844 128,458 86,043 162,276 44,055 29,737 '11,012
Less: Allowance for bad debts ......................... 1 ~,352 - *51.8 '15i2 *106 -1,101 -1,101
Inventories.................. : ..................................... 1,669,144 128,983 87,450 47,164 210,679 -8,50 -6,061 *51850
Investments in Governm ant obligations ................ 27,892 *119 *119 *5,108 *221 *221
Tax-exempt securities ........................................ 71,296 .8 *427
Other current assets ........................................... 728,218 28,895 *3,048 72,854 15,530 15,998 -1,504 '10,158 *9.493
Loans to stockholders .......................................... 642,868 -17,998 5,479 89,777 40,519 36,304 '5,090 37,321 36,322
Mortgage and real estate loans ............................ ~911,478 *9,365 *5,285 116 -9,000 *9.000
Depreciable, depletable, and Intangible assets ....... 8,887,902 624,612 1 6,403 906,779 631,785 787,565 221,340 420,494 305,590
Less: Accumulated depreciation, depletion,
and amortization ......................................... 5,628,209 422,772 -7,880 593,354 428,713 525,505 144,276 257,555 200,770
Land ................................................................. 945,275 195,488 *837 *46,964 *8,183 *9,272 *184 -7,556 -7,556
Other assets ...................................................... 1,092,051 * 50,690 '18,489 29,574 21,338 58,310 *23,176 77,735 56,913
;
Total liabilities ....................................................... 13,085,148 748,702 70,341 1,022,455 547,987 924,S22 191,948 448,157 323,679
Accounts payable .............................................. 1,495,896 45,765 .900 106,120 58,336 148,736 24,149 108,847 103,559
Other current liabilities ....................................... 1,220,444 38,423 -48,969 168,111 52,189 59,495 9,073 41,699 24,532
Loans from stockholders ..................................... 3,220,963 214,699 -29,771 200,159 107;395 409,331 124,043 68,753 60,494
Mortgages, notes, and bonds payable in
one year or more ........................................... 3,044,862 141,467 *9,203 184,082 102,638 200,721 '34,016 111,443 82,615
Other liabilities ................................................... 1,240,987 18,342 -64,518 29,910 27,684 181,210 -17,301 12,983 -13,020
Capital stock ..................................................... 2,283,326 190,665 7,211 102,831 67,047 276,666 36,323 93,181 74,203
Paid-in or capital surplus ..................................... 1,330,437 -34,091 -36,618 89,414 39,671 121,198 *441 108,764 -32,051
Retained earnings, unappropriated ....................... -302,045 77,154 -126,849 147,855 93,231 -470,784 -53,397 -91,093 -60,373
Less: Cost of treasury stock ................................ 449,722 -11,904 - -6,028 4205 *2,052 - -6,421 -6,421
Total receipts ................... 1 .................................... 29,209,509 1,007,817 178,172 3,899,076 2,566,585 2,367,862 614,943 1,017,053 891,759
Business receipts............................................... 28,187,769 920,293 166,222 3,849,589 2,548,850 2,355,696 612,950 982,679 861,545
Interest.: ........................................................... 140,110 8,864 -1,717 4,241 1,680 2,253 *478 4,073 1,968
Interest on Government obligations:
. - -
State and local ................................................ -4,987
Rents ................................................................ 116,088 15,201 -2,151 -9,944 -7,189 -*678 .2,649 2,649
Royalties ........................................................... .74,877 *83 *299
Net short-term capital gain reduced by -
not long-term capital loss................................. 19,270 *45 *45
Not long-term capital gain reduced by
net short-term capital loss ............................... 61,996 -3,713 *213 11,258 -1,258 *960 *2,176 -1,299
Not gain, noncapital assets................................. 77,053 -1,112 -7,138 -5,334 *276 16,631 16,631
Dividends received from domestic corporations..... 11,032 -1,196 ~1,084 -1,084 ~10 *10 *14 *14
Other receipts .................................................... 516,328 57,354 -7,571 25,822 1,189 7,989 *1,504 8,784 -7,608
Total deductions .................................................... 29,323,388 983,177 171,752 3,873,656 2,566,266 2,472,426 621,941 1,033,456 894,374
Cost of sales and operations............................... 10,152,096 262,076 -6,895 2,113,828 1,226,238 1,032,896 237,360 279,290 243,468
Compensation of officers .................................... 3,387,040 50,679 -2,408 318,203 271,812 246,438 99,516 81,880 64,182
Salaries and wages............................................ 3,473,369 133,542 -58,028 388,559 291-,206 211,912 49,107 90,387 69,527
Repairs.............................................................. 523,225 38,903 *59 33,438 26,422 32,526 10,784 60,467 56,622
Bad debts.......................................... 52,603 *548 4,576 -1,229 *3,852 -2,107 -3,000 * 3,000
----11**
Rent paid on business property ............................. 1,550,755 60,326 -8,174 62,327 53,423 123,111 37,014 78,277 67,190
Taxes paid ........................................................ 1,142,186 53,126 11,592 129,521 99,269 95,149 28,153 41,342 36,908
Interest paid ...................................................... 347,416 21,293 *830 27,267 18,250 24,715 *3.103 20,183 19,360
Contributions or gifts ......................................... 16,528 590 *29 2,569 1,588 . 477 '252 * 721 *721
Amortization ..................................................... 28,448 *287 *11,723 783 *203 -1,432 *472 *493 1379
Depreciation ...................................................... 798,970 50,749 12,527 99,086 65,647 76,766 24,572 48,021 41,420
Depletion .......................................................... -14,705 *106 -4,805 - - -
Advertising ........................................................ 331,105 5,018 22,451 12,622 23,835 -10,35 4,719 -3,97
Pension, profit-sharing, stock bonus,
and ahnuity plans............................................ 147,505 t622 -2,343 -2,343 -3,914 -2,781
Employee benefit programs................................. 214,895 9,790 *387 24,768 15,640 20,981 *7.425 4,951 -3,055
Not loss; noncapital assets.................................. 29,027 '279 *918 *816 18,1.9 5 -4,711 *554 *564
Other deductions ............................................... 7,113,515 295,243, 74,293 643,021 479,559 556,225 104,248 319,171 284,010
Total receipts less total deductions ........................... .113,879 24,640 6,420 25,420 319 .104,564 -6,998 -16,403 -2,615
Net Income (less deficit) ......................................... -118,866 24,640 6,420 25,420 319 -104,564 -6,998 -16,403 -2,615
Income subject to tax........ 571,818 40,874 *3.449 65,703 36,070 30,834 '10,966 10,007 9,867
:***** ' .... *..... **"**" ... -
Income tax, total I ............ t .................................... 99,043 6,736 *517 10,162 5,410 4,698 -1,645 1,531 -1,510
Regular tax ........................................................ 98,800 6,736 *517 10,162 5,410 4,704 -1,645 1,531 -1,510
Recapture of Investment credit............................ -
Alternative minimum tax.................................... *243
General business credit ........................................... 826 *15 183 *83
Prior year minimum tax credit................................. 1170
Footnotes at and of table. Sea text for 'E.planatlon of Tomns" and wDescription of the Sample and Limitation of the DauC

77
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, FORM 112O-A
Table 8-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Selected Major lndustries-~-Contlnued
[All figures are estimates based on samples-money amounts we in thousands of dollars]

Industrial Divisions and Selected Major Industries-Continued

Wholesale and retail trade
Wholesale trade , Retail trade
Item Automotive Wholesale
Miscellaneous dealers Eating and Miscellaneous and retail
Total Total wholesale Total and drinking retail trade not
trade service places stores allocable
stations

110) 0 1) '112) (13) 114) 115) 116)- (17)

Number of returns, total .................................... 50,504 13,285 10,568 36,780 4,110 11,282 12,613
Total assets........................................................ 2,664,597 '662,083 538,793 1,998,234 219,536 514.411 777,763.
Cash .............................................................. 348,690 97,496 89,973 250,372 31,455 86,717 88,933
Notes and accounts receivable.......................... 273J 36 128,983 104,711 141,670 -15,545 -18,741 69,8,16
Less: Allowance for bad debts ...................... *102 - *102 -
Inventories ...................................................... 1,044,285 255,307 -19,803 788,978 131,332 35,213 352,843
Investments in Government obligations............. -7,417 -7,417 - -1,289 -6,129
Tax-exempt securities ....... : .............................. -116 116' *116
Other current assets ........................................ 74,933 38,941 38,636 35,992 *496 20,892 8,711
Loans to stockholders ...................................... 97,166 -22,779 -18,698 74,387 -7,690 *8,236 65,472'
Mortgage and real estate loans ......................... *34,735 - -34,735 -2,067 *32,667 -
Depreciable, depletable, and intangible assets ..... 1,614,762 286,531 223,254 1,325,380 75,763 611,830 i4l,370 *2.850
Less: Accumulated depreciation, depletion,
and amortization ...................................... 1,028,291 183,812 134,806 842,604 50,185 381,654 210,414 -1,875
Land .............................................................. 60,519 -9,051 '202 51,468 -6,161 34,635 -2,285
Other assets ................................................... 137,230 6,689 6,205 130,541 -1,278 76,443 36,053
Total liabilities............... ...................................... 2,664,597 662,083 W8,793 1,998,234 219,S36 514,411 777,763 ..4,280
Accounts payable ............................................ 431,019 169,840 149,404 261,179 45,891 37,096 95,871
Other current liabilities ...................................... 149,202 60,280 49,595 88,9~2 6.902~ 30,386 33,587
Loans from stockholders ................... : .............. 934,122 206,090 158,708 713,035 143,305 209,766 232,510 .14;997,
Mortgages, notes, and bonds payable in
one year or more ......................................... 679,764 110,944 94,443 568,644 *53,539 219,862 135,956 *176
Other liabilities ................................................ 98,337 56,916 55,658 41,422 306 *6,330 26,542
Capital stock ................................................... 506,275 137,233 126,50 368,933 35,375 169,223 60,441 .110
Paid-in or capital surplus .................................. 174,319 63,861 62,024 110,421 '16,198 43,797 32,733 *37
Retained earnings, unappropriated..................... -197,756 133,984 -148,458 .52,733 -10,515 -188,810 17b,423 --11,039
Less: Cost of treasury stock ............ ................ 110,686 -9,097 -9,097 101,589 '71,464 -13,240 '10,300
Total receipts...................................................... 7,310,093 1,329,852 1,023,414 5,974,509 895,407 1,940,292 1,753,939 -5,731
Business receipts............................................. 7,134,309 1,274,525 1,012,425 5,854,064 893,109 1,777,876 1,713,547 -5,~20
Interest.......................................................... 23,692 2,135 1,632 21,545 *18 11771 17,724
Interest on Government obligations:
State and local .............................................
Rents ...............................................1 ............. -2,052 -1,382 -1,382 *670 *670
Royalties........................................................ *405 *405 *405
Net short-term capital gain reduced by
net long-term capital loss ...............: .............
Net long-term capital gain reduced by
h at short-term capital loss.................. -6,652 *205 -6,447 -1,908 -4,539
7- .....
Net gain, noncapital assets 25,~32 *612 i4,920 -22,7.64 -1,849
:,*"*,** -* .........
Dividends received from domestic corporations.. *560 *15 *15 *545 *15
Other receipts ................................................. 116,890 60,977 7,960 65,913 -2,80 -35,97 15,189
Total deductions ................................................. 7,372,928 1,382,336 1,072,015 5,987,778 880,740 1,834,114 1,775,200 -2,814
Cost of sales and operations ............................. 4,048,479 727,971 547,103 3,320,509 580,740 791,806 966,121'
Compensation of officers................................. 469,445 121,430 89,511 348,014 *44,108 114,065 106,296
Salaries and wages.......................................... 684,516 90,148 80,242 594,~168 72,258 269,508 150,323
Repairs.................. : ........................................ 77,481 10,360 7,622 66,910 8,228 34,326 12,419 121 1
Bad debts....................................................... 3,222 -1,808 -1,059 1,414 *105 -2 igg
Rent paid on business property ......................... 421,361 58,618 48,310 362,743 35,444 146,755 111,899
Taxes paid ............................... 259,302 33,063 24,739, 226,239 27,197 100,547 62,786
Interest paid ...........................................
* * ... * .... **...
.......
* .... 67,737 13,108 8,547 54,629 7,692 14,198 15,725
Contributions or gifts ........................................ 2,335 *317 1 301 2,018 *71 -7ig .991
Amortization .................................................. 5,948 1,674 1i,667. 4,275 *939 2,303
Depreciation ................................................... 139,545 27,894 2 2,471 110,934 5,617 49,142 33,992 *717
Depletion ........................................................ - - -
Advertising .............................................. : ...... 89,946 8,506 6,154 81,441 9,129 23,464 30,535
Pension, profit-sharing, stock bonus,
and annuity plans........................................ 13,820 -5,879 *2,729 -7,941 - -1,944 *5,906
Employee benefit programs .............................. 27,082 7,443 -4,006 19,640 -3,464 -3,142 7,785
Net loss, noncapital assets ............................... *614 - . '614
'614
Other deductions ............................................. 1,062,093 -274,1 7 -2 7,5 3 786,090 86,689 283,544 267,106 *1,886
Total receipts less total deductions........................ -62,835 -52,484 -48,601 -13,269 14,667 6,176 -21,262 -2,917
Net income (less deficit) ....................................... -62,835 -52,484 -48,601 -13,269 14,667 6,179 -21,262 -2,917
Income subject to tax .......................................... 83,600 11,193 8,093 71,980 *4,955 33,585 22,648 *426
.
Income tax, total I ............................................... 12,904 1,679 1,214 11,162 *743 5,210 21,590 *64
Regular tax ...................................................... 12,705 f,679 1,214 10,963 743 5,011 3,590 *64
Recapture of investment credit ......................... -
7
Alternative minimum tax ............. I .................... *199 *199 .199
General business credit ........................................ *449 *"9 *267 *1_77
-
Prior year minimum tax credit ............................... *170 *170
Footnotes at and of table. See text for 'Explanation of Teims" and !Description of the Sample and Umitation of the Date.'

78
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120-A
Table 8-13alance Sheet, Income Statement, Tax, and Selected Other Items, by Selected Major Industries-Continued
JAH figures are estimates band on samples--money amounts are in thcuundS of dollars]

Industrial Divisions and Selected Major Industries-Continued

Finance, insurance, and real estate Services

Item Nature of

Total Real Total Business Other business

estate services services not allocable

(18) (19) (20) (21) (22) (23)

Number of returns. total ................................................ 43,612 31,835 103,894 28,383 47,967 2,957

Total ousts ................................... .... ........................ I ... 3,084,385 2,481,635 4,045,402 11,1107,11" 1,743,800 76,588

Cash ............................................................... 873,617 704,694 1,148,670 382,195 501,124 -4,648

Notes and accounts receivable .................................... 227,260 138,091 398,405 174,637 151,387 -4,506

Less: Allowance for bad debts................................. *2,613 -1,826 8,896 -4,147 *4,687 *14

Inventories ............................................................... *90,068 -89,701 197,832 13,720 62,491 *3,787

*135 - -14,674 *1,897 -12,655 *217
Investments in Government obligations .......................
Tax-exempt securities ................................................ *28,810 -28,794 41,939 *2,278 -39,650

Other current assets.................................................. 230,817 126,488 289,974 109,094 133,171 -1,541

Loans to stockholders .............. .......... 0 103,851 82,753 252,584 85,554 107,033 -2,390
........ *--
Mortgage and real estate loans.................................... 161,939 123,919 70,420 -25,512 -28,908 *719
1,515,998 1,294,556 2,969,807 567,153 1,257,822 -31,482
Depreciable, clepletable, and intangible assets ..............

Less: Accumulated depreciation, depletion,

and amortization ................................................ 821,903 690,203 1,961,272 374,076 889,855 -9,678

449,690 407,332 138,968 *20,161 66,085 135,982

Land ........................................................................

Other assets ............................................................. 226,717 177,334 492,298 103,164 278,018 -1,009

Total liabilities............................................................... 3,084,385 2,481,635 4,045,402 1,107,144 1,743,800 76,588

Accounts payable ...................................................... 293,408 219,610 355,761 149,210 126,558 *5,339

Other current liabilities ...................................... ........ 296,971 219,026 413,242 115,737 234,255 *4,331

Loans from stockholders............................................ 517,812 413,126 832,455 224,100 375,902 13,861

Mortgages, notes, and bonds payable in

one year or more .......................................... :........ 823,770 666,729 886,613 200,744 329,498 -7,799

Other liabilitiei ........................................................... 606,717 601,607 224,242 82,008 134,891 -4,728

Capital stock ... 511,223 396,433 563,534 174,669 184,416 -31,739

Paid-in or capital surplus ............................................

..... 354,471 285,555 379,034 90,870 204,194 -32,526

Retained earnings, unappropriated ............................... .-106,229 -256,992 488,274 82,638 178,033 *-22,617

Less: Cost of ireasury stock ........................................ 213,758 63,458 97,754 -12,832 23,946 -1,119

Total receipts .............................. ........................ ........ 2,778,753 1,866,177 10,617,669 2,488,946 5,045,070 33,015

Business recei~ts..................... ................................ 2,456,197 1,645,575 10,290,903 2,373,285 4,877,166 31,880

Interest................................... ................................ 59,643 39,578 34,527 11,767 14,327 -1,098

Interest on Government obligations:

State and jobs[ ........................................................ -1,767 -1,767 -3,221 '148 *3,073

Rents 76,242 73,494 7,170 -1,308 -1,543

Royalties
......................................
s ..........................................................
................................ -72,530 *443 -1,561 *33

Net short-term capital gain reduced by

net long-term capital loss ................. :..................... -6,949 -5,026 -12,275 -2,920 -9,354

Net long-term capital gain reduced by

net short-term capital loss ...................................... 11,412 9,317 35,612 *541 31,686

Net gain, noncapital assets ......................................... *8.103 -8,103 18,225 - *8,474 *36

Dividends received from domestic corporations ............ *691 7,477 2,41 9 4,963

Other receipts ........................................................... 85,219 82,875 206,699 96,524 94,486

Total deductions .......................... : ................................ 2,741,299 1,837,485 10,645,003 2,619,376 5,068,301 29,692

Cost of sales and operations ....................................... 207,035 121,433 2,200,423 587,039 568,839 -1,171

Compensation of officers ........................................... 331,011 145,092 1,884,976 352,471 1,206,117

Salaries and wages .................................................... 312,924 195,706 1,593,500 322,021 885,422

Repairs ..................................................................... 150,381 144,874 121,335 15,365 49,466 *8,636

29,240 *7,275 18,001 -
Bad debts ................................................................. 8,166 -2,923
Rent paid on business property..: ................................ 137,122 93,651 658,038 110,455 332,773 -2,019

Taxes paid : .......................................................... 123,753 95,767 427,506 93,176 200,542 *895

Interest paid ............................................................. 80,568 51,948 103,317 17,576 45,229 *11,506

Contributions or gifts................................................. 1,182 437 8,602 2,165 5,530 *24

Amortization- .......................................................... 4,367 .802 13,414 3,574 6,140

Depreciation ............................................................. 82,419 58,785 295,001 75,370 110,609 -4,856

Depletion.................................................................. -9,794 - - -

Advertising............................................................... 46,299 32,734 138,391 54,519 31,622 *445

Pension, profit-sharing, stock bonus,

and annuity plans .................................................. -13,218 -7,195 113,589 30,074 82,669

Employee benefit programs ........................................ 21,693 9,995 105,242 22,567 64,072

Net loss, noncbpital assets ......................................... -2,002 -1,987 *6,464 *823 *458
Other deductions ....................................................... 1,207,364 874,155 2,945,965 824,907 1,460,813 10,141
Total receipts less total deductions ................................. 37,454 28,692 -27,334 -30,430 -23,231 3,323

Net Income (loss deficit) ................................................. 35,688 26,926 -30,555 -30,578 -26,303 3,323

Income subject to tax ...................:................................ 102,995 81,172 233,359 66,767 100,076 *996
Income tax, total - ........................................................ 16,959 13,686 45,385 11,424 23,738 *149

Regular tax ............................................................... 16,911 13,637 45,384 11,424 23,738 *149

Recapture of investment credit..:........................ : .......

Alternative minimum tax ............................................ *44 *44

General business credit.................................................. -*279 *155

Prior year minimum tax credit ................... .....................

'Estimate should be sod with caution because of the mall number of sample returns on which it is band.
Lou then $500 per return.
Also includes adjustments to Income tax and to total tax which are not shown separately.
NOTE: Detail may not add to total because of rounding. See text for "Explanation of Terms' and "Description of the Sample and Limitations of the Data."

79
 CorpbrationReturns/1,993
RETURN S WITH NET INCOME, FORM 1120-A
Table-g!-Balance Sheet, Income Statement, Tax, and.Selected Other Items, by Selected Major Industries
[All figures am estimates based! on sarnples-rnonay amovms ans in thousands of dollaml

Industrial Divisions and Selected Major Industries

Construction Manufacturing Transp rtation
and public utilities

Item - All. Agriculture,

Industries forestry, Special trade Printing and
and fishing Mining Total contractors Total publishing Total Transportation

(2) (3) (4) (5) (6) (7) (8) (9)

Numbei of returns. total ........ ....... ........................ 129,181 4,779 -1,247 13,7' 8,208 1,964 3,676 2,879
7.368,08i 489,292 '57,693 596,23: 3. 51. 509,164 142,504 149,125 122,624
Total assets..................
** ........ ......... 2,149~702 106,681 '19,567 192,179 92,496 .94,212 21,076 41,529 29,227
Cash................................................................
726,619 42,176, -11,844 76,592 42,082 109,411 -32,779 *2,220 *1,856
Notes and accounts receivable ........................... -
7,407 -7 1100 -1,101 *1.101
Less: Allowance for-bad debts .......................
821;599 -28,115 26,786 -24,739 90,406 -6,531 -6,061 *5,850
Inventories............ 1 .......................................
12,"5 *119 *119 -4,564 *221 *221
Investments in Government obligations ..............
-46:082- -8 *426
Tax-exempt
tu securities.......................................
374~040 21,119 *1.151 32,513. *3.255 8,621 *671 *3,082 *3,082
t h current assets ......... ...............................
394,752 '15,878 -5,479 74,804 *35,233 23,023 -5,090 -10,275 -10,275
Loans , to stockholders .... .................. :.......... -
*16 -
Mortgage and real estate loans.......................... 198~ 427 *5,285
395,309 '15,261 449,555 319,795 414,878 131,793 .119,626 161,017
Depreciable, depletable, and intangible assets...... .4,853,489
Less: Accumulated depreciation, depletion, I 3,217:094 258,018 -7,871 312,998 226,440 292,812 78,605 99,291 95,231
and amortization ..........:...................... .......
409,533 9.4,162 *837 !40~961 -6,889 *184 -388 *388
Land.............................................................
'605,903 43,869 '11,425 .10,437. 8,407 54,381 '22,985 -6,120 -7,040
Other assets! ....................................................
. 7,368,080 489,292 '57,693 596,233 '306,574 509,164 142,504 149.126 122,624
Total liabilities .................. ....................................
15,374 '.608 59,943 30,458 58,009 *17,859 -15,343 -15,343
Accounts payable ............... 1 ............................... 627,073
-524~,844 32,584 '43,371 .48,688 33,980 23,924 -7,294 -22,096 '20,027
Other current liabilities ............. I :................ ....... ~85,867 45,141 163,280 '45,7431 -6,58i *229
Loans from stockholders...... ............................. 1,232,061 74,118 '22,661
1,392*,659 11'2,831 81,371 53,193 57,477 15,080 *30,919, '30,919
Mortgages, notep, bonds payable 1 yr. or more;~.
309,600 '10,873 *o) 18,636- 16,756 47,577 '17,301 *-49 *-1 2
Other liabilitie ................... .....................
952,533 84,727 -5,571 70,574 -43,246 72,907 25,587 52,064 38,196
Capital stock................................
538,897 -~7,781 *226 7i,546 .27,972 43,101 .-.2 -14,033 *418
Paid-in capital surplus
2,033,032 133,642 '-14,745 160,125 56,038 43,347 13,643 8,633 18,002
Retainedor earnings, unappropriated..............
.......... ** ......... * ............. -
- 242~608 i2,638 .-1,516 205 *458 *497 *497
Less: Cost of treasury stock ..............................
721,169 '1157,44& 2,422.603 1,534,224 1.379,752 379,607 544,018 476,611
Total receipts ........................................................ 17,681.665
1 - 116,970~845 ~ 60,646 '146,515 2,388,327 . 1,525,413 1,~72,145 377,855 519,047- 451,858
Business receipts..............................................
100,454 7,417 -1,697 3,055 7779 777 *238 *892 `881
Interest .... ; .......................................................
Interest on Government obligations:
State and local .............................................. -3,784
87,532. -14,865 2,1 5'1 _-2;754 *167
Rents .......... ...................................................
-31,748_ *83 .*299
Royalties ........................... :............. ...............
Net short-term capital gain reduced by *45 *45
net long-term capital loss ...............................
Net long-term capital gain reduced by
50,507 -1,166 213 .1,148 -1,148
net short-term capital loss ............................ t . .
66,818 23 - -5;10 -5,113 *133 16,631 .16,631
Net gain, noncapital assets..! ..............................
.792 - -1,084 -1,084 *10 *10 *14 *14
Dividends received from dorhestic corporations 8~904
346,053 46,176 -7,571 .21,121 *686 -1,504 7,389' -7,181
Other receipts .......................... .......: ............... .
16,706,750 661,360 '139,690 2,300,251 1,475,340 1,315,254 364,221 521 , 859 456,158
Total deductions .................... .............................
5,942,407 239,184 *3,087 1,373,923 820,179 664,575 143,778 *134 696 118,285
Cost of sales and operations'..............................
1,826,938, 312,367 178,461 139,503 169,809 *61,661 *44,767 -.35,749
Compensation of officers..~........................
1,873,479- 67,481, '56,168 163,211 116,465 95,768 *26,718 '52,863 '40,155
Salaries and wages.................. ....................
328,494 22,702 ; - :15,818 11,585 15,623 *4.166 33,874 33,601
Repairs ........................................ 11 ..................
21,865 2 '176 -3,447 *854 *2.918 *2.107 ~2,950 -2,950
Bad debts ........... .............
876,531 50,825 *6,604 40,221 34,508 64,090 122,107 45,00 -41,791
Rent paid on business -* * * ...........
property ...........................
......
-10,150 68,632 46,676 .57,276 17,975 26,648 23,853
Taxes paid.. *: ..... -* * ........... ......................... 639,304 3.7,944
173,937 1.8,090 *447 14,120 10,251 12,721 1 -5,958 -6,865
Interest paid............................................ : .......
12',81 3 406 *29 2,352 .1,528 418 *221 *598 *598
Contributions or gifts......................................
12,401 *45 -1,253 495 '125 *942 *462 *12 5 *11
Amortization .....................................................
482',579 35,275 *2,518 61,206 41,811 44,084 *13,975 26,168 24,178
Depreciation ..................................................
-6,796
- *106 -2,596 - - -
Depletion ............................................... i .........
171,842 3,683 6,076 4,318 5,332 *1,210 -2,118 -2,118
Advertising.::......................................................
Pension, profit-sharing, stock bonus,
66,822 -2,781 *2,781
and annuity plans ..........................................
129,087 :i5,923 14,275 *7,997 -8,378 1 -1,447 *1,447
Employee benefit programs ....
10,271 -279 -4,711 -4,711
Net loss, noncapital
. assets ................................
4,131,185 146,881 '56,840 357,815 239,541 265,828 .59,281 144,594 125,657
Other deductions...............................................
974,914 59,809 '17,755 122,352 58,883, 64,498 15,386 22,159 20,453
Total receipts less total deductions .........................
971,130 59,809 *17,755 122,352 58,883 64,498 15,386 22:159 20453
Net income (less deficit).,.'... ....... - ... --- ........
671,81 8~ 40,874 *3,449 65,703 36,070~ 30,834 *10,966 10007 9:867
Income subject to tax.................
7- ..... *- ...... -7 99,043 6,7~16 *517 10,162 5"66 4,698 *11,645 1,531 -1,510
Income tax, total ........................................
98,800 6,736 ~.517 10,162 5,416 4,704 *11,645 1,531 -1,510
Regular tax. ...................
Recapture of""" Investment
........ credit ............. ;............
Alternative 'minimum tax........................... : '?43
.83- *.83
General busineis credit......................................... 826 *15
Prior year minimum tax credit ......... ...... - *170
Footnotes at end of table. Sea text for~ Explsnstlon of Toms' and 'Description of the Sample and Limitation of the Data.",

80
 Corporation Returns/1993
RETURNS WITH NET INCOME, FORM 1120-A
Table 9-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Select Major Industries-Continued
[All figures am estimates band on samiples-money amounts am in thousands of dollam)

Industrial Divisions and Selected Major Industries-Continued

Wholesale and retail trade
Wholesale trade Retail trade
Item Automotive Wholesale
Total Miscellaneous dealers Eating and Miscellaneous and retail
Total wholesale Total and drinking retail trade not
trade service places stores allocable
stations

(10) 01 (12) (13) (14) (15) (16) (17)

Number of returns. total........................................ 23,010 5,077 3,831 17,494 3,086 5,513 4,885 *439
1,363,521
Total assets......................................................... 248,847 178,017 1,110,394 161,058 254,711 419.423 -4,280
235,299
Cash.: .............................................................. 54,986 53,119 179,492 25,299 60,987 65,032 *821
Notes and accounts receivable ........................... 161,842 58,026 43,865 101,333 *12,165 '17,988 38,413 *2,483
*62 - - *62 - - *62
Less: Allowance for bad debts.......................
528,540
Inventories ...................................................... 73,391 -44,639 455,149 99,188 18,175 176,505
-7,417 - -7,417 -1,289 -6,129
Investments in Government obligations ..............
*11 *11 *11 - - -
Tax-exempt securities .......................................
Other current assets ......................................... 40,773 -9,413 *9.114 31,361 -470 -20,152 -6,810
Loans to stockholders....................................... 52,824 *8,914 -4,833 43,911 *7,690 -1,939 '31,989
Mortgage and real estate loans.......................... *25,056 - *25,056 *2,067 *22,989
Depreciable, depletable, and intangible assets...... 806,227 138,386 82,508 664,990 53,564 280,991 167,440 *2,850
Less: Accumulated depreciation, depletion,
and amortization ....................................... 582,890 105,144 61,973 475,871 41,585 201,595 103,062 -1,875
33,939 8,849 - 25,090 *3,275 -12,306 -1,122
Land ...............................................................
Other assets .................................................... 54,544 2,017 1,900 52,527 *992 40,412 6,120
Total liabilities...................................................... 1,363,S21 248,847 178,017 1,110,394 161,058, 254,711 419,423 -4,280
159,343 38,619 24,698 120,723 '34,719 20,495 32,453
Accounts payable.............................................
Other current liabilities ................... .................. 76,138 -19,013 -9,108 57,125 *6,887 20,651 17,555
Loans from stockholders ................................... 418,929 29,616 25,951 374,317 '120,947 64,128 132,723 -14,997
Mortgages, notes, bonds payable 1 yr. or more ... 269,433 52,118 -43,144 217,139 *35,485 104,201 40,056 *176
Other liabilities ................................................. 38,115 15,973 15,580 22,142 1306 -5,698 16,053
196,007 21,034 17,657 174,864 28,706 74,500 24,002 *110
Capital stock ....................................................
42,511 -4,442 -4,121 38,032 -11,743 *6,341 *5,495 *37
Paid-in or capital surplus....................................
Retained earnings, unappropriated 251,607 68,033 37,757 194,614 -6,270 -28,301 155,182 --11,039
-88,562 - *88,562 -71,464 -13,003 -4,095 -
Less: Cost of treasury stock ..............................*- ***'
Total receipts....................................................... 4,203,155 817,209 641,933 3,380,214 741,687 1,142,452 757,730 -5,731
Business receipts .............................................. 4,077,372 764,541 632,706 3,307,111 739,581 1,112,277 720,201 *5,720
Interest ........................................................... 21,337 -1,624 -1,200 19,701 *18 1,643 17,521 *11
Interest on Government obligations:
State and local ..............................................
Rents .............................................................. *2,052 -1,382 -1,382 *670 *670
Royalties .........................................................
Not short-term capital gain reduced by
net long-term capital loss..............................
Not long-term capital gain reduced by
net short-term capital loss ............................. -6,447 -6,447 -1,908 *4,539
Not gain, noncapital assets ................................ '22,992 '22,992 -20,940 *1,849
Dividends received from domestic corporations ... *142 * 142 *15
Other receipts .................................................. 72,812 -49,662 *6,645 23,150 -2,088 5,684 12,935
Total deductions .................................................. 4,045,790 789,188 617,104 3,253,788 721,771 1.084,195 729,497 -2,814
Cost of sales and operations .............................. 2,288,465 447,130 356,310 1,841,335 475,575 476,798 409,197
Compensation of officers .................................. 278,508 61,786 -50,713 216,722 -41,161 89,519 41,421
Salaries and wages ........................................... 370,220 59,384 '49,843 310,837 -55,702 150,713 65,265
Repairs ............................................................ 44,916 5,733 13,527 38,972 7,617 19,933 4,211 *211
*638 *366 - *272 *105 -2 *83
Bad debts ........................................................
Rent paid on business property .......................... 196,728 27,506 20,667 169,222 29,958 72,416 39,265
Taxes paid....................................................... 140,741 17,687 14,029 123,054 21,180 56,663 30,030
Interest paid .................................................... 34,456 6,052 -3,513 28,404 6,493 8,544 8,101
Contributions or gifts ........................................ 1,922 *297 *281 1,625 *71 *666 679
Amortization .................................................... 1,293 *229 *222 -1,065 '475 *78
Depreciation .................................................... 66,823 14,243 9,620 51,862 -4,125 23,405 15,704 *717
Depletion ......................................................... - - - -
Advertising ...................................................... 60,692 4,881 3,193 55,812 8,725 17,005 21,012
Pension, profit-sharing, stock bonus,
and annuity plans......................................... *9,660 4,41 7 -2,628 -5,243 -1,944 *3,208
Employee benefit programs ............................... 18,397 *6,326 -3,617 12,071 *3,464 -2,240 *3,120
*98 - *98 *98
Net loss, noncapital assets ................................
Other deductions .............................................. 532,234 133,152 98,942 397,196 67,596 -163,872 88,026 -1,886
Total receipts less total deductions ......................... 157,365 28,022 24,830 126,426 19,915 58,257 28,233 -2,917
Net income (less deficit) ........................................ 157,365 28,022 24,830 126,426 19,915 58,257 28,233 -2,917
Income subject to tax........................................... 83,600 11,193 8,093 71,980 -4,955 33,585 22,648 '426
Income tax, total - ................................................ 12,904 1,679 1,214 11,162 743 5,210 3,590 *64
Regular tax ...................................................... 12,705 1,679 1,214 10,963 743 5,011 3,590 *64
Recapture of investment credit..........................
Alternative minimum tax ................................... 1199 *199 *199
General business credit ......................................... *449 *449 *267 '177
Prior year minimum tax credit................................ *170 *170
Footnotes at and of table. See text for ~Explanatlon of terms" and ~Description of the Sample and Limitation of the Data.~

81
 Corporation Returns/1993
RETURNS WITH NET INCOME, FORM 1120-A
Table 9-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Selected Major Industries-Continued
[AR figures am estimates based on samples-mcmay amounts are in thousands of dollaral

Industrial Divisions and Selected Major Industries-Continued

Finance, insurance, and real estate Services

Item Nature of
Total Real Total Business Other business
estate services services not allocable

(18) (19) (20) (21) (22) (23)

Number of returns, total ......... ............... 24,096 17,876 49,389 13,257 22,781 -1,039
1,835,383
Total aiiiets ............................. ;................................... 1,520,610 2,366,321 696,269 940,537 -1,356
754,500
Cash ....................................................................... 630,471 705,354 265,193 286,805 *381
Notes and accounts receivable ................................... 115,158 73,435 206,971 89,668 79,095 *405
Less: Allowance for bad debts ............................... *11,866 -1,080 -4,272 -4,139 *108 -
-31,979
Inventories........ ; ...................................................... *31,612 109,474 -3,297 58,544 *238
Investments in Government obligations ....................... - *123. -
Tax-exempt securities............................................... -28,794'28,794 '16,843 -16,843
Other current'assets ................................................. 120,987 79,670 145,793 41,613 61,018 -
Loans to stockholders............................................... 56,746 43,753 155,392 46,572 55,013 *332
Mortgage and real estate loans ................................... 118,488'83,649 *49,582 *24,056 *9,585
Depreciable, depletable, and intangible assets.............. 858,426 730,685 1,734,212 309,752 686,266
Less: Accumulated depreciation, depletion,
and amortization ................................................. 510,021 426,798 1,153,195 181,474 509,969
Land ........................................................................ 157,754 157,364 79,354 -20,149 -25,077
Other assets .......... .................................................. 104,436 89,055 320,691 81,583 172,369 m
Total liabilities ............................................................ 1,835,383 .1,520,610 2,366,321 696,269 940,537 -1,356
. 161,395 92,826 157,058 61,296 60,411
Accounts payable......................................... .....
Other current liabilities.. 90,479 61,025 187,565 56,721 96,830 -
...... ****
Loans from stockholders.......................................... . 149,90 128,333 306,722 56,018 164,681 -3,944
Mortgages, notes, bonds payable I yr. or more........... 349,597 261,603 --491,030 89,409 135,748
Other liabilities ......................................................... 78,759 75,838
' 115,689 60,682 47,361
Capital stock ........................... ;................................ 242,259 170,761' 228,102 51,798 75,044 *322
Paid-in or capital surplus............................................. 118,968 106,719 212,798 71,231 109,189 -6,933
Retained earnings, unappropriated .............................. 721,304 626,139 738,961 256,371 265,571 '-9,843
Less: Cost of treasury stock...................................... -77,334 -2,635 71,603 *7,257 -14,299
Total receipts ............................................................... 2,059,526 1,380,400 6.178,814 1,542,561 2,843,791 -15,183
Business receipts .......................; ............................... 1,820,557 1,193,696 5,982,051 1,519,782 2,696,436 *15,183
Interest .............................................................. ..... 42,642 26,939 22,639 8,215 8,040
Interest on Government obligations:
State and local ................................................. .... -1,767 *1,767 -2,017 -2,017
Rents 60,221 59,395 -5,321 -1,296 *917
Royalties... --
..................................................................
..... : ........................................................ -30,854 *396 *512
Net
I short-term capital gain reduced by
net long-term capital loss ............... ....................... 5,542 -3,619 *9,433 1199 -9,234
Net long-term capital gain reduced by . .
net short-term capital loss................................... . *7.722 -6,874 33,811 *541 -.29,919
Net gain, noncapital assets ...................................... *4,339 -4,339 17,587 -8,474
Dividends received from domestic corporations ........... *691 6,170 .1,998 -4,158
Other receipts.......................................................... 85,193 -83,76 99,273 10,530 84:.596
Toted deductions : .................................................... 1,885,325 1.260,148 5,830,327 1.440,999 2,688,745
Cost of sales and operations ...................................... '173,215 -95,784 1,164,509 336,362 334,552 'M
Compensation of officers ........................................... 199,966 86,782 923,059 187,948 526,477
Salaries and wiiges ..................................................... 190,329 100,918 877,440 196,386 440,526
Repairs.............................................................. t..... 124,379 120,671 70,747 7,823 29,377 *435
Bad debts.............. : .................. -3,250 -1,747 8,492 -2,396 -5,215
Rent paid on business property... ............................... 100,710 71,642 370,911 61,209 198,019 -1,389
Taxes paid................................... ; ........................... 69,883 48,303 227,915 54,737 94,926 *117
Interest paid ............................................................ 46,755 26,577 41,293 7,064 13,911 *97
Contributions or gifts................................................. 1,165 427 5,900 1,497 3,665 *24
Amortization ..................................................... ...... *3,334 702 4,714 -1,952 -1,106
. 53,813 33,061
Depreciati on ............................................................. 192,692 50,268 67,389
Depletion .................... ................. -4,094 -
: *----* * * ... * '
Advertising ............................................................... 31,024 22,797 13,189 22,448 209
Pension, profit-sharing, stock bonus,
and annuity plans ................................................. .8,653 *2,630 45,728 -11,997 32,885
Employee benefit programs..... 16,450 -5,143 64,219 14,295 40,106
Net loss, noncapital assets ......................................... *16 - -5,168 *823 *453
Other deductions ............................ ......................... 858,288 642,964 1,764,833 493,054 877,691 -3,871
Total receipts less total deductions ... .......... i ............ ..... 174,201 120,252 348,487 101,562 155,047 *8,288
Net income (less deficit) ................................................ 172,435 118,486 346,470 101,562 153,029 -8,288
Income sublect to tax .................................................... 102,995 81,172 233,359 66,767 100,076 *996
Income tax, total ................................. ....................... 16,959 13,686 45,385 11,424 23,738 *149
Regular tax ......................................................... .16,911 45,384 11,424 23,738 *149
Recapture of investment credit .............................
Alternative minimum tax......... '44
General business credit................ -*279 *155
Prior year minimum tax credit........................................
OlEstimate should be used with caution because of the small number of sample returns on which it is band.
Lou than $500 per return.
Also includes adjustments to income tax and to total tax,which are not shown separately.
NOTE: Detail may not add to total because of munding. Sea text for 'Explanation of Terms" and *Description of the Sample and Limitations of the Data.*

82.
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120-F
Table 10-Income Statement and Selected Tax Items, by Industrial Division and Selected Major Industries
[AN figures am estimates based on samples-money amounts am In thousands at dollars)

Industrial Divisions and Selected Major Industries

Wholesale and retail trade

Wholesale trade
Item All Agriculture, Transportation
Industries forestry, Mining Construction Manufacturing and Total Miscellaneous
and fishing public utilities Total wholesale
trade

(2) (3) (4) (5) (6 (8)

M (9)
Number of returns, total .......................................... 10,510 191 322 *24 317 137 465 369 270
Total receipts........................................................... 75,485,783 97,932 319,095 -120,984 2,639,871 577,463 11.095,772 10,892,252 10,012,149
Business receipts..................... ........................... 28.603.189 91,805 284,627 *107,312 2,483.227 547,807 11,104,102 10,902,873 10,021,580
Interest.................................................................. 39,715,729 262 772 *430 14,271 1,873 10,281 9.&30 6,050
Interest on GovL oblig.: State and local............... 43,872 - -
Rents.................................................................... 601,770 -1,154 '3U -2,410 -1,941 '22.791 *81 *81
Royalties............................................................... 18,640 166 189
Net short-term capital gain reduced by
net long-temn capital loss .................... ............ 360,947 36.844 36,844 36,844
Net long-term capital gain reduced by
net short-term capital loss ...................... 820,714 -500 -6.972 -89,013 462 -12,302 '12.302 -12.302
Net gain, noncapital assets.................................. 454.183 *1,049 '40,541 *248 144 *168 *168 *168
Dividends received from domestic corporations 90,576 .1 .505
*505 *408
Dividends received from foreign corporations *88
Other receipts ....................................................... 4,776,075 3,162 -14,307 -9,240 50,981 4.3156 -68,510 -70.351 -65.202
Total deductions...................................................... 76,534,840 117,717 389,791 '151,222 2,609,022 714,041 11,192,440 10,986,102 10,074,499
Cost of sales and operations ................................ 21,643,098 '12.839 144,818 -96,081 2,176,380 324,762 10,756.603 10,619,391 9,843,317
Compensation of officers...................................... 419,518 *587 8,991 *1,049 5,448 *357 *4,970 -3,719 -1,810
Salaries and wages .............................................. 2.917,197 -4,995 *55.254 *27,071 66,790 42,241 119,373 98.491 56,639
Repairs ................................................................. 190,922 1,639 -1,419 *530 1,122 21,124 2,987 1,492 oil
Bad debts .............................................................. 4,223.080 *78 *542 2 *61 -1,211 *1,173 *756
Rent paid on business property............................ 861,532 -3,124 10,457 21,033 21,505 14,447 9,519
Taxes paid.................................................... 1,037,457 3.201 9,360 *3,630 15,959 9,632 25,225 22,873 19.729
Interest paid ..................................................... 29 317 746 6,056 *14,317 *1,020 30,354 20.910 37,689 36.102 33.140
Contributions or gifts............................................. ' '
7,238 *35 *21 .1
*179 *176 *176 *176
Amortization .......................................................... 224,196 *379 11,923 2 3,899 *466 964 551 *21
Depreciation .......................................................... 911,424 46,682 39,347 -3,397 32,338 56,143 16,561 14,244 5,307
Depletion ................................. ............................. 13,818 251 7.765 - - -2 -2 *2
Advertising ............................................................ 134.596 *692 -1,061 62.025 10,290 7,938 3,282
Pension, profit-sharing, stock bonus,
and annuity plans ............................................... 85,027 *4.111 -3,684 1,357 *2,850 *11.044 *1.017
Employee benefit programs.................................. 351,017 297 8.362 -3,811 7,019 6,717 3.413
Net loss, noncapital assets ................................... 1,834,997 *330 *3,412 *931 84 -2,371 -2,366 -2,347
Other deductions.. ................................................ 12,361,977 36,829 75,761 *13,965 177,686 200,530 182,644 155,375 93,113
Total receipts less total deductions.......................... -1,049,058 -19,785 -70,695 '-30,237 30,849 -136.578 -96,668 -93.&90 -62,350
Foreign dividend income resulting from foreign
taxes deemed paid..................................... 20
Net income (less deficit) ................................... -1,092,657 -19,785 -70,695 '-30,237 30,849 -136.578 -96,668 -93,850 -62,350
Income subject to tax................................................ 2,556,245 *11,953 *5,125 61,778 *5,270 32,163 31,456 24,100
total 2..... ................................... _ .. .
Income tax, .. 914,211 665 *3,092 -6 22,674 *811 11,961 11,823 9,322
Regular tax .......................................................... - 858,419 *525 *1,739 20.768 *790 10,622 10,488 7,991
Recapture of investment credit............................. (1) -
Alternative minimum tax....................................... 21,187 *105 *894 -1,235
Environmental tax ................................................. 3,827 -6 *97 17 17 14
Branch tax .................................................... 30,580 34 *453 .6 *574 *21 1,322 -1,318 -1.318
Personal holding company tax.............................. -
Foreign tax credit ..................................................... *373 17 17 17
Orphan drug credit....................................................
Nonconventional source fuel credit...........................
General business credit............................................ 3,820 1,606
Prior year minimum tax credit................................... 14,748
Total income tax after credits .................................... 895,270 665 *3,092 -6 21.069 11,944 11,805 9,305
Tax from Section 1 3. .......... ___ __ 54,857 -3 *2,411 -4,105 -4,082 -
11 4
Tax from Section 683,832 631 20,494 10,622 10.488 7,987
U.S. income tax paid or withheld at source
.. . .............
on
non-effectively connected income ......................... 57,353 *3 1 *2,401 -9.838 *9,838 -5,756
U.S. income tax paid or withheld at source on
effectively connected income ............... ................ 151,746 '358 '485 *7,171 *2,a92 *2,853 *2,853
Footnotes at end of table. See text for "Explanation
- of Terms" and Mescription of the Sample and Limitation of the Data."

83
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120-F
Table 10-Income Statement and Selected Tax items, by Industrial Division and Selected Major Indiustries-Continued
JAR ligurn am esimades based on samplee-money amounts ara~ in 11nousands of dollars]

Industrial Divisions and Selected Major Inclustries--Continued

Wholesale and Finance. insurance, and real estate
retail trade-Continued Holding
Item and other Nature of
Wholesale Total Banking Insurance Real estate investment Services business
Retail and retail companies, not allocable
trade trade not except bank
allocable holding
companies
(12) (13) (14) (15) (16) in (18)
(10) 0 1)
Number of returns. total.......................................... 81 *15 8,247 282 614 6,170 1,094 712

Total receipts ........................................................... 201,313 -2,207 59,659,486 42,884.441 14,882,154 1,568.080 204,536 974,6i3 -1,156
Business receipts ................................................. !199.722 *1.506 13,098,418 3.300,576 8.710,109 956.262 *12.151 885,891
61,466 40,959 29.384 .1
Interest...................................: .............................. *322 *1 29 39,658,454 36,223,254 3.309,900
Interest on Govt oblig.: State and local............... 43,872 14,104 10.679 19,065 *24
Rents.................................................................... 572,221 133,695 200.176 237.255 671 *718 *72
Royalties.............................................. :................ 14,739 1,353 13,354 *3,440
Net short-term capital gain reduced by
net long-term capital loss................................. 324,103 59,307 236,979 *e73 *1.958
Net long-term capital gain reduced by
net short-term capital loss 7D6,867 118.324 398.927 172,819 15.040- .*3,845 .740
:- ***** **"* 1 134 .'M
410,131 379,767 18,839 *11.358
Net gain, noncapital assets ..................................
Dividends received from domestic corporations 90,053 5,481 56,603 *385 '27,391 17
Dividends received from foreign corporations ....... '88 - '88
Other receipts....................................................... -1,269 *573 4,740,540 2.649.933 1.958,560' 99,963 81.630 50,242 *343

Total deductions...................................................... 203,963 -2,375 60,155,375 43,648,177 13,850,315 2,071,395 291,007 1,204,982 *252
Cost of sales and operations .................. :: ............. '136,442 *770 7,764,578 7,666,917 72,586 -1,192 367,038
Compensation of officers...................................... -1.252 363,437 342,884 -6.376 3.754 247 34,680~
.80 2,465,820 1,923,832 461,069 42.621 *10,281 135,535,
Salaries and wages .............................................. -20,803
Repairs ................................................................. -1,492 -3 141,560 68,110 87 68,924 *478 20,499
Bad debts : ........... ** 25 *13 4,212,395 4,024,567 '173,760 7,040 -1,619 358
** : **'*"*.......... -
Rent paid on business property ............................ -7,016 *42 777,457 580,590 27,717 161,506 -1,673 16,664
-2,342 *10 930,iO5 544,'945 . 148,767% 225,276 7,014 39,816 -29
Taxes paid .............................................. . .............
Interest paid .......................................................... *11,553 -34 29,140,324 28.558,458 170,548 346,940 35,711 67,065 *10
Contributions or gifts............................................. 6.670 2,572 -1,827 879 1.578 *155
Amortization .......................................................... *413 2D4,705 103.637 62.786 37J40 355 1.857
Depreciation ................................... :...................... *2.299 *17 629,558 302,314 68.076 236,368 1,119 87,399
Depletion ......................................................... *828 *828
Advertising ................................... : ........................ *2,351 34,047 25,015 2,751 8,138 *141 14,862
Pension, profit-sharing, stock bonus,
and annuity plans............................................... -1,806 71.092 53,229 15.598 *256 54 *1,933
Employee benefit programs .................................. *302 318.920 290,880 21.030 2,743 *657 8,121
.5 1,813.280 1.511,824 4.798 255,298 -40,334 *1 4,590
Net loss, noncapital.assets...................................
Other deductions .................................................. 25,868 -1,400 11.280,080 5,315,-342 5,000,412 662,498 188,552 394,409- *72
Total receipts less total deductions ................. 1 -2.650 *-168 -495,889 -763,736 1.031,840 -503.315 -86,471 -230,959
Foreign dividend income resulting from foreign
taxes deemed paid ................................................ 20
-230,959 .905
Net income (less deficit)........................................... -2.M *-168 -539.488 -777.840 1,021,414 -522,360 -88,495
Income subject to tax................................................ *707 2,435.221 1,702,642 594.194 100,540 35,188 13,704 *1.031
Income tax, total 2................... ...................... *138 889.997 823,869 195.051 36,044 13,982 4.875 *128
Regular tax..................................... ...................... *1 34 819,791 593,892 184.229 29,888 10,860 4.055 *128
Recapture of investment credit ............................. (1)
Alternative minimum tax ....................................... 18,262 4,573 9,164 '1.550 *2.853 *691
Environmental tax................................................. 3,696 -2,283 1,264 *80 .62 *11
Branch tax............................................................. -4 27,964 23,121 -1110, 4,526 207 *204
Personal holding company tax ..............................
Foreign tax credit...................... ................................ *355 164. 188
Orphan drug credit....................................................
Nonconventional source fuel credit...........................
General business credit............................................ 2,214 994 1,149 1 *71
Prior year minimum tax credit................................... 14.748 1,787 12.713 *248
Total income tax after credits .................................... *138 852,680 620,924 181.OD2 35,795 13,910 4,875 'i28
Tax from Section I I .................................................. 24 48,101 41,'7154 *2.564 2,11130 836
Tax from Section 11 4 .............................................. *1 34 643,857 597,803 *95 31,207 13,703 4,671 *128
U.S. income tax paid or withheld at source on
non-effectively connected income ......................... 44,696 37,952 -2.675 2.526 *777 *55 *31
U.S. income tax paid or withheld at source on
effectively connected income................................ -39 134,443A 26.574 *66 62,090 44.057 4.647 1719
~Estfinats should be useP vAth catition became of the small nurnber of s&m;Je returns on Nch it is based.
Less than $500 per return.
Also includes adjustments to income tax and adAustrrients, to total tax which am not sho" separately.
Taxi from Section I Is excluded from total Income tax amounts since the income is not efectively connected %ith the conduct of a trade or business in the U.S.
4 Tax from Section If Is the total tax from Schedule J Tax computation on attractively connected Income Wth the conduct of a trade or business In the U.S.
NOTE: Detail may not add to total because of rounding. See text for "Explanation of Terms' and 'Description of the Sample and Urnitationt; of the Data.*

84
 Corporation Returns/1993
RETURNS WITH NET INCOME, FORM 1120-F
Table 11 -Income Statement and Selected Tax Items, by Industrial Division and Selected Major Industries
JAJ figures are estimates based on sample~y amounts am In Lhotmiands of dollam)

Industrial Divisions and Selected Major Industries

Wholesale and retail trade
I Wholes le trade
Item All Agriculture, Transportation
Industries forestry, Mining Construction Manufacturing and Total Miscellaneous
and fishing public utilities Total wholesale
trade

(1) (2) (4) 15) (7)

(3) (6) (8) (9)
Number of returns, total........................................... 3,921 89 98 114 *32 169 140 100
Total receipts ............................................................ 48,505,524 42,442 '233,045 686,119 -162,686 10,443,214 10,428,488 9,574,156
Business receipts ................................................... 20,759,108 '38,669 204,035 544,682 -147,781 10,390,731 10,376,818 9,526,654
Interest .................................................................... 22.081.961 *159 *371 7,749 8,014 7,882 4,111
Interest on govt. oblig.: State and local................. 39,583 -
Rents....................... .............................................. 380.028 *41 9 62 *496 '12,822 *81 *81
Royalties................................................................. 3.091 *105 189
Net short-term capital gain reduced by
net long-term capital loss................................... 298,036 36,1544 36,844 36,844
Net long-term capital gain reduced by
net short-term capital loss................................... 721.199 *1 41 -6.303 *87,260
Net gain, noncapital assets .................................... 422,719 *321 '40,534 *140 163 163 163
Dividends received from domestic corporations 65,855 .1 '5(16 *505
Dividends received from foreign corporations *71
Other receipts ......................................................... 3,713.872 2,733 *-18,366 45,602 *699 6,875 6,195 5,975
Total deductions....................................................... 44,630,483 31,670 177,032 538,537 '156,374 10,403,641 10,390,251 9,545,023
Cost of sales and operations.................................. 16,2153.682 *9,276 *67,922 '397,337 *123,072 10,158,674 10,153,421 9,396.609
Compensation of officers ....................................... 155.831 50 8,991 *3,566 - -2,905 -2,905 998
Salaries and wages ................................................ 1,562,247 - *44,018 -1,578 71.722 69,518 41,095
Repairs ............ ................................................. 58,474 *755 -1,393 *290 -30 1,137 1,072 *753
Bad debts ............................................................... 1,694,118 .542 *6,070 -1,006 *589
Rent paid an business property:............................. 347,995 -2,758 -6,670 1,736 *48 9.162 8,008 6,187
Taxes paid.............................................................. 601,544 1,839 8,413 8,573 -1.36.4 11,931 11,495 9,207
Interest paid............................................................ 15,406,811 *4,255 -4.871 '12,152 *6,847 30,348 30,212 27,913
Contributions or gifts .............................................. 6,726 25 *21 1179 .1 *173 *173 *173
Amortization : ................................................. 152.897 *335 .389 *466 *53 *53 *15
Depreciation ........................................................... 344,584 *6,834 .6.899 -13.604 -8.268 5,893 5,718 3,348
Depletion ................................................................ 9,237 251 -3,183 -4,973 - -2 -2 -2
Adverfising .............................................................. 49.417 *12 -1,061 *6,647 *6,318 3,889 3,706 *1,853
Pension, profit-sharing, stock bonus,
I
and annuity plans................... ............................. 54,092 -4,111 *2,080 *2,629 *844 *818
Employee benefit programs ................................... 214,816 2,613 *3,348 '38 5,779 5,613 *2,815
Net loss, noncapital assets .................................... 164,737 *328 3 *793 *22 -3
Other deductions ............................. ...................... 7;523,077 .4,413 15,933 53.690 *8,343 98,299 96,482 52,646
Total receipts less total deductions ............................ 3,875,041 10,772 56,013 147,582 -6.312 39,573 38,237 29,133
Foreign dividend income resulting from foreign .
taxes deemed paid ............................................ _ 20
Net income : .......................................................... 3,835,730 10,772 56,013 147,582 -6.312 39,573 38,237 29,133
Income subject to tax.................................................. 2,55i.245 *1,953 *5,125 61,778 *5,270 32,163 31,456 24.100
Income tax, total 2................ ... . ___ 906,992 665 *3,042 22,665 *811 11.960 11,822 9,322
Regular tax ..................................... ....................... 858,419 *525 *1.739 20,768 *790 10,622 10,488 7,991
Recapture of investment credit...............................
Alternative minimum tax......................................... 20,483 *105 *894 *11,226
Environmental tax ............................ ...................... 3,821 .6 .*96 17 17 14
Branch tax............................................. ................. 24,071 34 403 *574 *21 -1,321 -1,317 *1,317
Personal holding company tax............................... - - -
Foreign tax credit........................................................ *373 17 17 17
Orphan drug credit .....................................................
Nonconventional source fuel credit............................
General business credit.............................................. 3,820 1,606
Prior year minimum tax ciedit .................. .......... 14,748
Total income tax after credits .......................... ........ . 8U.052 665 21,060 *811 11,943 11,805 9,304
Tax from Section I I ..................................................... 41,410 1233 *4,082 -4,082
Tax from Section 11 .................................................... 683,123 631 20,485 *790 10,622 10,488 7.987
U.S. income tax paid or withheld at source on
non-effectively connected income ........................... 39.997 223 -4,082 *4,082
U.S. income tax paid or withheld at source on
effectively co nected income .................................. 126,779 *153 -7,171 -1.366 *11,326 -1,326
Footnotes at and of table. See text for *Explanation of Toms" and "Description of the Sample and Urrillstion of the Data.~

85
 Corporation Retums/1993
RETURNS WITH. NET INCOME, FORM 1120-F
Table 11-Income Statement and.Selected Tax Items, by Industrial Division and Selected Major Ind ustries--Conil nued
VJ figures are estimates based on samplea-money arraxints we In thousancts of dollaml

Industrial Divisions and Selected Major Industries-Continued

Wholesale and Finance, insurance, and real estate .
retail tradeLcontinued Holding
Item and othir Nature of
Wholesale Total Banking Insurance Real estate - investment Services business
Retail and retail companies, not allocable
trade trade not except bank
allocable holding
companies
(10) Mi n 113) (14) (15) (16) (17)

Number of retums, total........................................... '22 3,132 114 396 2,170 435 258

Total receipts ............................................................ -13,977 '749 36,492,373 23,2i4.523 12,329,504 661,057 201.755 "4,487
Business receipts ................................................... -13,865 *48 9,024,295 1,500.448 7,289,6n 210,402 .11,06 408,915
Interest.......................................... ......................... -4 *129 22,063,709 19,103.688 2,852,339 .25.204' 21,361 573
Interest on govt oblig.: State and local ................. 39,583 10,817' 10,422 '18,333 *12
Rents................................................................ 365,499 59,243 176.594, 129,552- *110 *576 *72
Royalties ................................................................. *121' *116 .5 -2,675
Net short-term capital gain reduced by
not long-term capital loss ................................... 261,192 25.972 233.011 *673' -1.5w
Net long-term capital gain reduced by
net short-term capital loss .................................. 625,284, 56.286 391,978 182.`138 '14,297 -1,491 *740
Net gain, noricapital assets............................... 381,387 352.915 134. 18,946, *11,358 *195
Dividends received from domestic corporations 85,332 1.963 55.785 .*341 *27,238 17
Dividends received from foreign corporations ~71 *71
Other receipts ......................................................... *108 *573 3,645,940 2,113,190. 1,319,551 97,355' 113,864 30,046 -343'
Total deductions....................................................... .1 2,938 '453 32,898,124 21,276,133 11,200,527' 350,417, 64,583 424,979 *126
-5,198 W 5,456,120 5,448,424' .8
Cost of sales and operations................................... - .564 1,132 -71,481
Compensation of officers....................................... 137.320 127,598 -6,370 -2.948 247 -2,482
Salaries and wages ................................................ -2.2D4 1.353.941 897,912 441.615 7.432 *6.378 67,847
Repairs................................................................... -64 .41,644 24,561 87 16.736 *259 13,203
Bad debts....................................... : ....................... *13 1,6W,446 1,515,098 168,920 ~2,427 3 . *41
Rent paid on business property .............................. *1,155 318,593 288.372 26,676 2.313 *1,004 9,028
138,
Taxes paid .............................................................. *428 .8 546,523 352,563' 983 48,714 5,812 22,879 '22
Interest paid ............................................................ *116 15,340,738 15.069,161 168,267 80,422. 20,162 7,591 .*10
Contributions or gifts .............................................. 6,199 2,344 .1,627 *640 1,578 -*1 26
Amortization ........... ..................................... 150,069 85,492 54,856 9.521 178 *1.226
Depreciation ................. ;......................................... *175 276,684 138,272 80,776. 56,839 *781 28,401
Depletion ................................................................ *828 *828
Advertising ............................................. i ...... .... ... *182* 22,238 18,238 2.538 1.457 -4 *9,252
Pension, profit-sharing, stock bonus,
and annuity plans ................................................ *1.785 44,261 28.745, 15,201 *236 54 -1,010
Employee benefit programs................................... *166 200,657 179.943 '26,199 *293 140 -2,382
Net loss, noncapital assets .................................... *5 163,483 154.173 4,798 -1,844 -2,365 *103
Other deductions.................................................... -1,465 *351 7.152.380. 2,393,643 4,621.164 111,203 24.487 180,947
Total receipts less total deductions............................ *1,039 *297 3,594.249 2,00iI.390 1,128,677 310,640 137.1~1 19.568
Foreign dividend income resulting from foreign
taxes deemed paid .................................................. 20
Net income................................................................. *1,039 *297 3,554,939 1,997,573 , 1.118,808 292,307 137,160 19.508
Income subject to tax ................................................... *707 2,435,22i 1,702,6421 594,194 100,540 35,168 13,704
Income tax, total 2 . .. ..... *138 863,331 617,605 195,051 35,722 13,901 4,389
Regular tax............................................................. *134 819,791 593,892 184,229 29,888 10,860 4,0!iS
Recapture of investment credit ...............................
Alternative minimum tax ......................... i ............... 18,050 4,573 9,164 1,4 19 -2,772 '208.
Environmental tax..................*................................. 3,694 2,283 1,264 '78 *62 .8
Branch tax................................. :........... -4 21,51.2 16.858 *110 4,337 .207 '204
: ............. ...
Persionial holding company tax ...............................
Foreign tax credit..................... .................................. *355. 1164 168 .1
Orphan drug credit .................................... : .................
Nonconventional source fuel credit............ ..............
General business credit...................... ............. 2,214 994 1,149 1 *71
Prior year minimum tax credit...................................... -14,748 1.787 12,713 *248
Total income tax after credits..................................... *136 846.014 614,660 181,002 35,473 13,830 .4,389 *in
Tax from Section I `~ 36,877 32,734 2,483 1'109 *552 *187 *31
....................................................
Tax from Section 11 4................. ............
.. *134 643,643 597.803 *95 31,073 13,623 4,184 *128
U.S. income tax paid or withheld at source on
non-effectively connected income ....................... .35,296 31,168 '2,6a3 -1,058 -406 -37 31
U.S. income tax paid or withheld at source on
.6
effectively connected income .................................. 39 11 19.699 48,951 43,222 -3,076 '366
Tstimate should be used vvith cauition because ofthe small number of sample returns w vithich it Is based.
Less then $5W per rotum.
Also Includes adIustments to Income Im and aciJustments to total tax fich are not sh~ separately.
Tax from Section I Is excluded from total Income hu, arecurds since the Income Is not effectively corinected vAth the conduct of a trade or business in the U.S.
Tax from Section 11 Is the total tax from Schedule J Tax computation on effectively connected Income %vith the conduct of a trade or buitiness in the U.S.
NOTE: Detail may not add to total because of rounding. Sao unit for "Explanation of Terrns~ and Vescriplion of the Sample arid Umilations of the Data."

86
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S, 1120-REIT, AND 1120-RIC
Table 12-Balance Sheet Income Statement Tax, and Selected Other Items, by Selected Major Industries
[AN figums am estinates band on samples-moM annourds am in thousands of dollanj

Industrial Divisions and Selected Major Industries

Mining Constructiort
General
Item AD Agriculture, building
Industries forestry, Oil and gas contractors Special trade
and fishing Total extraction Total and contractors
operative
builders
A21 (3) (4) AS) (a) M
Number of returns, total............................................. 2.055.982 76.562 18.700 15.5-n 224.755 84.055 128.488
Total assets................................................................. 18,548,431.159 48,742.120 210 .142.407 134,721,678 166.550,459 75,294.624 46.260.803
706,644,176 3.467,836 7,753.277 ~ 4,936,999 16,638,750 7,493.742 5.603,944
Cash.........................................................................
Z es and accounts receivable................................ 4,275,836,784 4,752,278 21 ,029,821 10,174,819 45,990,097 17,989,537 18,207,738
Less: Allowance for bad debts............................. 114,430,764 57,677 325,287 249,877 346,945 78,549 163,714
nverdories................................................................ 780,514,291 6,245,244 6,827.998 3,834,473 17,839,619 12,206,778 4,068.036
nvestments In Government obligations.................... 1,011,945,534 140,291 1 ,221,569 802,413 1,349,226 481,792 49.814
Tax-exempt securities............................................... 379.299,052 114,689 193,478 .101,633 1,106,098 65,369 172,907
Other current assets................................................. 1,418,062,005 1.828.024 5.181,986 3.285,986 16,502,496 9,329,225 4,223.650
Loans to stockholders.............................................. 66,694,094 1.331,115 761,927 448,206 3,233,158 1.171,922 1.074,121
Mortgage and real estate loans ....................... : 1,601,988,848 365.645 54,518 49.650 5,901,571 233,564
Other investments..................................................... 4,059,601,166 4.345,894 77.991,570 52,825,658 20,960,198 7,594.205 2.006,246
Depreciable assets ................................................... 4,468,227,100 35,472.607 99.787.015 62,629.476 71.670.445 18,213.227 26,894,166
Less: Accumulated depreciation ........................... 2,011,553,474 22,585.8D8 48,994,189 30,922,244 44.843.565 9,701.656 18.144,105
Depletable assets ..................................................... 131.949,465 620.679 46,356,783 39,270,075 397.893 94,113 38,007
Less: Accumulated depletion ................................ 62,158,356 191.318 20,836,201 18,655,689 164.207 -47,066 33,525
Land .......................................................................... 179.474,440 10,853,052 3,289.162 1,296,773 4.637.485 2,665.735 926,113
Intangible assets (amortizable)................................. 533,141,969 397,169 8,862,827 4,952,538 1,357,105 416,957 627,001
Less: Accumulated amortization........................... 125,895,587 137,852 3,585,444 2,169,947 386,723 124,447 175,023
Other assets............................................................. 1,249,090,415 1,780,253 4,571,598 2,310,735 4,212,742 1,622,168 657,862
Total liabilities.............................................................. 18.548,431,159 40,742,120 210 .142.407 134,721,678 166.550,459 75,294.624 40.266.803
Accounts payable ..................................................... 1,293,494,212 2,998,317 13,346,117 6,505,209 32,350,624 16,463.756 9,941,822
Mortgages, notes, and bonds payable In less
than one year........................................................ 1,439.122,580 6.694.337 8.779,143 4,787,583 17.766,146 10,323.579 4,810,783
Other current liabilities...................................... ....... 5.882.683.987 2,514.269 9,643,548 5,883,060 22,345,894 11,819.659 6,661,259
Loans from stockholders.......................................... 202,182,471 2,905,248 3,333,887 2,042,830 6,661,859 3,464,305 2,561,638
Mortgages, notes, and bonds payable In one
year or more......................................................... 2,661.599,256 10,859,279 45,030.072 31,793.244 25,508,224 14,582.795 5,185.448
Other liabilities .......................................................... 3,113,868,069 2,142,362 24,526,255 14,434,432 289,313 3~413,069 1,405.348
Capital stock ............................................................. 666,601.987 5,905,940 11 ,032,358 6,302.795 ::871,607 2,509,694 2,305.033
Paickin or capital surplus ........................................... 2,098,179.218 5,547,291 105,064,793 74,006,887 18,976,858 5,414,820 3,508,169
Retained earnings, appropriated .............................. 82.790.354 201.034 195,492 103.447 288,354 -101,680 171,766
Retained earnings, unappropriated ........................... 1,315,685,464 10,224,183 -7,441,058 -8.750.285 29,360,332 8,103,244 10,993,003
Less: Coal of treasury stock..................................... 207,776,436 1,250,139 3,366,200 2,387,524 2,870,751 901,976 1,277,466
Total receipts.............................................................. 10.154.952.821 03.171.669 99 ,575.623 63.583.008 3".002.422 140,833,496 133.448.678
Business receipts..................................................... 8.897,605.783 58,714,576 '90,340,515 57,380,9S4 335,941,049 142,746,845 132,034,983
Interest...................................................................... 705,807,053 473.009 2.393,906 1,644,618 2.074.448 1.293.841 255,736
Interest w Government obligations:
State and local...................................................... 20,567,406 17.785 21,698 10,648 112,944 25,376 18,880
Rents ........................................................................ 81,941,633 582,010 406,978 251,043 1.249.463 832.215 198,632
Royalties ................................................................... 44,076,734 104,715 493,515 251,534 56,634 7,450 9,035
Net short-term capital gain reduced by
not long-term capital loss ...................................... 10.768.787 20.931 96.698 81,453 41,44 19,574 5.386
Net long-term capital gain reduced by
net short-term capital loss ..................................... 53,069,748 743,000 95 3387 0 :23 7216 478581 2416247 123.951
Net gain, noncapital assets ....................................... 29,324,985 256,687 767: 94 42:92 604:058 16 :834 168,187
Dividends received from domestic corporations 13,570,604 86,771 228,404 166.742 91,267 22,683 19,591
Dividends received from foreign corporations 25,907,770 44,113 364,491 246,224 116,273 '66,012 -5,579
Other receipts........................................................... 272,312,318 2,126,072 .3 ,508,154 2,383,107 3,236,226 1,409,420 608,918
Total deductions......................................................... 9,601,974,386 61,562,740 90, 073,637 62,361.218 341,376.341 145.962.682 132,621,055
Cost of sales and operations................................... 5,756,107,280 34,888,115 61 ,024,568 38,279,982 261,292,340 119,647,825 92,833,195
Compensation of officers ......................................... 144,595,140 1.803,743 . 11 ,178,990 783,562 11.511.723 3,660.580 6,627,222
Salaries and wages.................................................. 832,778,019 4,713,345 .4 ,214,575 3,093,384 16.538.816 5,111,375 8,766,030
Repairs ..................................................................... 91,746,911 1,269,654 837,715 325,010 1.652,246- 396.797 758,519
Bad debts................................................. ............... 75,929,738 (i9,075 277,592 208,173 759,670 282,235 381,253
Rent paid on business property................................ 161,225,405 1,954,709 987,414 687,464 3,217,738 886,653 1,658.938
Taxes paid................................................................ 245.969,856 1,6113.231 2 .775.038 1,421,838 7,529,379 2,101,269 4,281,810
Interest paid.............................................................. 523,589.160 1,480,529 4 .494.218 3,007,220 3,780,616 2,032,779 990,019
Contributions or gifts................................................ 6,305.178 48,327 38,706 15,434 120,189 48,764 39,978
Amortization............................................................. 34,658,10D 75,287 688,596 332,160 171,539 64.535 61,150
Depreciation............................................................. 329,151,787 2,589,673 5 ,458,361 3,1 i9.950 5.832,722 1,336,099 2.547,254
Depletion ..................................... ............................ 8,221,422 20,275 2 ,838,608 1,581.605 46.370 4,932 4,755
Advertising................................................................ 120,469,479 279,633 86,898 57.088 1,083.743 433,863 576.645
Pension, profit-sharing, stock bonus,
and annusity plans ................................................... 54,149.207 150,268 422,853 253,247 11,631,697 471,127 875,340
Employee benefit programs ..................................... 144,812.386 603,559 1 .162,060 606,904 3,354,569 923.884 1,783,687
Net loss, noncepital assets................................ ...... 25,711.875 112,398 291,649 225,416 162,618 83.629 55'5"
Other deductions...................................................... 1,246,553,243 9,890,920 11 ,295,795 8.362,779 22,690,365 8,476,136 10,379,691
Total receipts less total deductions .............................. 352,978,435 1,608,929 1 ,501,986 1.221,790 2,626,082 870,814 827,823
Constructive taxable Income from related
foreign corporations ........................................... ..... 36,501,077 -32,098 162,761 150,941 105,501 30,805 '672
Not Income (loss deficit)............................................... 368,912,105 1.623,242 1 ,643,049 1,362,083 2.618,638 876,243 809,615
Income subject to tax.................................................... 436,613.256 2.169,864 3 ,454.135 2,174,898 5,557,993 2,165,137 2,029,977
Income tax, total .......................................................... 154,358,598 611,663 1 ,359.862 814,552 1,648,296 660,954 522.568
Regular tax................................................................ 148.970,874 589,527 1 .185.001 743,266 1,570,594 632.628 501.999
Personal holding company lox .................................. 9,4f2 0) -1,970 M,970
Recapture of investment credit ................................. 21.554 1 1 *138 *133 2
Alternative minimum tax............................................ 4,862.703 20,926 166.532 65.418 67,459 23,972 18,773
Enviromental tax.................... .............................. - 566,361 1,144 5,779 3.224 2,515 1.395 135
Foreign tax credit .......................................................... 22.895.789 20,925 526,299 398.341 71.686 40.173 -1,124
U.S. possessions tax credit.......................................... 4.722.588 342 1,141 59
Orphan drug credit ........................................................ 20,486
Nonconverdional source fuel credit ............................... 690.593 245 27,566 27,503 1772 '366 *14
General business credit................................................ 3,078.073 14,663 12,501 10,088 22.262 7,733 5,037
Prior year minimurn tax credit ....................................... 3.102.567 8.299 56,392 34,121 65,9il 27,907 22,985
Total Income tax after crecflts3................................ in. at.. 737,105 344,499 1,486,523 584,716 493,407
Footn as an a a5le. oat 10 Tor -planahon .1 to6 and TM. .111. .11. .=Uin 9 of

87
 CorporationA.etums/1993
RETURNS OF ACTIVE CORPORATIONS, OTHER
. I THAN
- FORMS 1120S'1120-REIT, AND -1120-RIC
Table 12-Balance Sheet Income Statement, Tax, an d'Select ed Other Item!~, by Se.1.6cieq Major Industries-Continued
JAN figures are estimates based on samples-money amounts are in thousands at dollars)

Inclustrial Divisions and Selected Major Indhistries-4Cmirtinued

Manufacturing

Item . Petroleum
Food Lumber and Printing and Chemical and (including Fabricated Machinery.
Total kindred prodkicts wood products publishing allied products integrated) and metal products except electrical
coal products

(0) (9) (10) 0-1) 11-2), Ll31 (14) (15)

Number of returns, total,............................................ 180.373 9.655 1,506 28,060 7,565 1.271 27.014 21,002
~1
Total assets................................................................. 4.064.073.039 359,368.989 53,581,372 161,925,735 559.809,424 564.716,369 113.518.478 245.935.061
Cash .... ............................................... .................... 103,875.203 5.136,551 1.650,985 .5,077,258 14.740,440 3.807.876 4,237,005 10.447,603
Notes and accounts receivable................................ 880,683,347 94.134,322 5,626,244 29.819.632 98,135.232 69.908.309 22,483,599- 68,383,896
Less: Aloiivance for bad debts ............................. 20,039,934 747,544 .122,663 2.371.069 1.836,417 570,814 419.609 1,469.760
Inventories ................................................................ 340,494.738 31,010.351 6,281.355 7.240,803 42,512,464, 18.495.772 17,702.269 34.620,168
Investments in Govemment obligations.................... 33,072,240 1.754.3W -126.852 591.30 1.lilli,547 225,483 222,906 910*5
Tax-exerript secudties..~ .......................... ................. 21,049,022 314.612 -10,047 455,899 2.129,545. -387,330 191,587 1.032.245
Other current assets................................................. 199,384,325 13,725.091 ~2,366,29~ 8.705,022 20.5`12,406 30.010,553 3,853,492 12.469,132
Loans to stockholders .............................................. 16,910.898 941.951 136.332 596,174. 6.282,976 4,238.407 774,720 751,689
Mortgage and real estate loans ................................ 30,945,713 321,642 .1,31SJT7 86.162 1.114,438 63.035 91,795 180.401
Other investments ..................................................... 968,909,893 90,743.750' 7,586,247 45,695,917 162,650,928 198.395,794 19,400,875 40 447.963
Depreciable assets................................................... 1.776.625,979 129,718.875 36,609,596 6i,993,734 236,430,383 314,670,977 5i,914,213 116,396.298
,
Less: Accumulated depreciation ........................... 907,665.588 59,183,722' 20,682.26 33.607,489 112.954,305 166,505,326 30,665,160 69,944.382
Depletable assets........................... -: ............ q 1 68.030,396 -68,287 4,535,287 *92,970 5,642,743 46,534,299 68,~25 1 16,307
Liss: Accumulated depletion............ : ............ 34.194,420 -8.6~2 134.713 -78,10i 3,921,816 27.5W.363 -28,447 -24,971
Land .......................................................................... 45,657,351 5,594.519- 963,665' 2,15b,054 5.288;343 7,384,672 1,509,256 2,567.689
Intangible assets (amortizable) ................................. 287,954,267 35,969,237' .547.832 2i.832,856 33,635,358 42,111,858 8,394,072 15.792,194
Less: Accumulated amortization ........................... 69,043.610 4,458,498 133.246 7.093,583 7,773.986 22,896,773 1,103.333 3,576.116
Other assets.................................................. .......... 322,023.219 14,333.653, 6,897.340 11,738,103 55,902.143 45,957,278 9,090,515 16,833,799
Total liabilities .................................................. ........... 4,064,673.939 359.368.989 53.581,372 161,925.735 559,809,424 564,718,369 113.518.478 245.935.061
Accounts payable ................................. 455,487,029 83,242,642 4,201,495 13,163,443 58,783,910 47.141,893 12,345,899, 31,906,883
:
Mortgages, notes, and bonds payable in Iesi
than one year............................ ........................... 349,340,420 29,511,579 2.599,440., 10,159.310 35,110,530 28,262.774 7.552,576 22,043,827
Other current liabilities * .......................................... 372,605,612 25.564,392. 4.415,786 1~,983.188 51,354,673 28,445:864 9,610,423 25,9D9,129
Loam from stockholders ................ ......................... 56,677,212 5,004,049 .334,211 2,7.16.710 7.7i!3~256 5,904,520 2,251,079 2,110,948
Mortgages, notes, and bonds payable in one
year or more ............................................ . ..... . .... 838,396,974 76,M7,549 Iii.313,419 39,765.946 105.733,361 115.748.532 24,153,796 57,485.088
Other liabilities ........................................... a.............. 620,011,238 28,676,3.W 4,566,363 -14,969,581 83,572,252 84,246.673 11,327,248 27,034,552
Capital stock.............................................................. 183,481,765 14.942,508 1;788,544 9.710.349 29.7106,704, 18,673,482 7,026.329 20,143,739
Paidwin or capital surplus........................................... 745,159,716 55,890,431; 8!993,599 36,922,164 117,214.564 121,011,448 22,590,526 49,763.966
Retained earrings. appropriated.............................. 11,346,392 636.262 -24,981- 60,059 962.679, 460,613 111,970 3,775,238
Retained earrings. unappropriated ...................... 556,446 840 59,680,306' 10,833,678 22.064,065 96,999.304 140,805,212 19,522,342 11,720,521
Less: Cost of treasury stock...................... 124.279,258
' 20,617,288 490.145 ~,58!,080 27,346,81 1 25,982,641 3,173.709 5,958,829
.
Total receipts.............................................................. 3,537.919.529 368,951.236, 68,395,064 139.897,323 423.541,465 '466.609.935 142.781.638 266.632.882
Business receipts : .................. ..................... 1 3.302.274,504 353,043,456 65,797.087 132,191,600 391,959,500 439,484,861 138,908.951 235,854,660
Interest........................... ............. ............ ............... 67,380,363 3,468.651 855.278 1.517,526 6,654,850 8,232,274 880,757 3,713,806
Interest on Government obligations:
State and local ...................................................... 1.598,279 37,941. 9,353 31,751 131,995 33,726 23,310 147,085
Rents ........................................................................ 27.378,523 873,264 86,446 422,856 774.212 2.260.586 .214.668 7.5D6,594
Royalties ..................: ................................................ 33.027,69 2,930,~24 48,410 1,24i,53~ 5,740,173 1.076.978 429,509 12.369,697,
Net short-term capital gain reduced try
net long-term capital loss ...................................... 843.940 -38,455 5,825 21,801 128.508 .18,439 20,862 33~197
Net long-term capital . gain reduced by
net short-term capital loss..................................... 14,705,639 633,171, 628,343 955,617 2,407,037 1,200,892 245,253 835,680
Net gain, noncapital assets ....................................... 9,853,674 297,644. 106,618 210,733 787,382 1,628,893 187,958 343,441
Dividends received from domestic corporations 4,055,165 546,191 23,090' - 160,544 698,665 857,416 244,566 133,268
Dividends received from foreign corporations 21,536,192. 2,003,856 .163,306 .259.721 5.2621,499 3,895,226 381,754 1,683.902
55,265,433 5,078,081 671;307 - 2,877,642 9,005,644 7,900,645 1,244,048 4,011,552
Other receipts............................................................
Total deductions......................................................... 3.404.977,321 353,927,538- 65.763.052 132.069.678 395.042,869 448.780,339 13a,067.286 264.311.730
Cost of sales and operations .............................. 2,240,580,656 237.066,387 4.9,068,865 61,415,385 229,551,135 341,645,640 97,878,259 163,867,550
Compensation of officers......................................... 28,477,157 1,949,405. .1.010,960 3,227.531 2,580,361 529,428 3,291.041 3,062.633
Salaries and "gas .......................................... 231,045,995 22.093,425 .2,975,713 18.964,990 33,D01.362 10,047,732 8,499,375 25.492,864
Repairs. 30,680.506 2,775,375 1,099,200 940,241 4,188.293 4,962,484 719,155 2,249,650
Bad debts.....
............. ...............................
.... .. . ... ................... 10,701.947 387,518- 143,511 1,095,058 735.541 470,873 323,544 861,958
Rent paid on business property ....................... 34.432,391 3,013,441 541,625 2,428,259 3,950J71 3,904,173 1,151,040 3,494,879
Taxes paid..................................... w.......................... 90,887,514 8,508,051 1,465,276 4,073,061. 7,821,177 20,758.B91 3,342,095 5,579,074
Interest paid.............................................................. 114.624,712 9,280,096 1,1r46,612 4,998,654 12,824,898 14,840,914 2.989,786 7,246,663
Conbributioris or gifts .................. : ............................. 2,936,204 .310,889, 43,636 242280 607431 318,724 64,599 127,499
Amortization........... ............... ................................. 11,212,241 1,122,986' 68,26 1,5~6:484' 1,477;~845' 1,094,879 373,571 904.775
Depreciation........... - ................................................. 124,934,254 .9.027,779 2,043,536 '5,152,824. 15,141,492 11,925,784 3,975.790 9,054,285
Depletion ......................... ......................................... 3,865,006. 7,928 492,782 .-5,370 308,862 2,095,185 5.447 19,371
Advertising ............................................................ 59,902,268 16,641,~26 306,017 2,863.762 12,694,658 1,060.945 1,368,328 2,441,296
Pension, profit-sharing, stock bonus,
and annuity plans........................ .......................... 26,775,411 1,607.235 369,574 1,072,621 2,744,255 1.455,540 675,042 1,682,083
Employee benefit programs............... % ..................... 68,803.d97 4,938,5~5 .703,166 ~1,140,518 8,180,522 2,994,504 2,819,458 6,761.882
Net loss, noricapital assets ....................................... 4,232,766 249,066 22,465 249,04 309,610. 97,924 114,984 1 610,879
Other deductions ...................................................... 320,885,193 34.947,676. 3,661,830 20,640,237 58.925;254 30,576,718 10,275,771 30,654.390
Total receipts less total deductions ............. ................ 132.942,~08 15,623,698 2.632,011 7,827,645 28.498,596 17,829,596 4,714.350 2.321.151.
Constructive taxable income from related
foreign corporations ............................ .................... 25.756,1697 1,550,831, 11,115 163.977 5,118,279 1 3,629,145 437,277 2.642,211
Net income (less deficit)............................ .................
_ 1fi7,100,626 -16,536,587- -i.63,773 7.959,871 33,484,880 21,425.015 5,128,317 4,616,278
Income subject to tax............................................... . 173,858,008 .16,929,702., .2.478,829 8,326,530 34,798,001 21.060,453 5,846,759 8,168,571
Income tax, total I............................... I I 61,895,854 5.984,657 903,90i 2,903,965 12,403,924 7.463.474 2,011,399 2,865,521
Regular tax ................................................................ 60,242,726 5.884,877 838,006 2,857,161 12,133,721 7.367.284 1,951,998 2,793,383
Personal holding company tax..................................
Recapture of Investment credit............................... :. 5,750 -. *429 39 353 11
Alternative minimum tax ............... ............................. 1,398.580 76,840- 62.135 35,936 226,030 85,716 53.362 59,492
Environmental tax ............... ...........I ............. 224,307." 22,089 3,296 10,703 42,008, 28,137 5,969 9.906
Foreign tax credit .......................................................... 16.344,916 1,157.986 4,221 241,726 3,693,641 4,240,262 281,899 676,049
U.S. possessions tax credit .......................................... 4.568.902 575.577 -6,794 2.312,285 11,821 5,586 -46,990
I
Orphan drug credit........................... :............................ 20.488 * 1 .7 19,325
Nonconventional source fuel credit............................... 368,357 *533 3.880 -1,550 63,865 283,288 .1 1,287
General business credit............................................ 1,57i.053 66,183 9.169 39,424 349.135 137,896 22.665 129,109
Prior year minimum tax creclit.............. ........................ 966,332 5,215 36.804 187,333 114.170 24,643 30.426
Total Income tax after credits3. ... . ............................. 18,053,808 4.143,549 881,436 2.577,698 5,778,340 2.696.036 1,676,605 1,981,66Z
Footnotes at and of table. See test for 'EWanstion of iorms' and 'Description of the Sample and Lbrillation of the Data.'

88
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S, 1120-REIT, AND 1120-RIC
Table 12-Balance Sheet Income Statement Tax, and Selected Other Items, by Selected Major Industries-Continued
[AN figura ani estirrates; band an uniple*-nioney arriourds ane In thousands of dobrsj

Industrial Divisions and Selected Major Industries-Confinued

Manufacturing.-Confinued Traraportation arid public utilities Wholesale and retail trade
Wholesale trade
Item Electrical Electric,
and Motor vehicles Total Transportation gas, and Total Miscellaneous
electronic and coluipment sanitary Total wholesale
equipment services trade

(10) 0 71 D 8) (19) L20) (211) (22) (23)

Number of retuims, total. ................................. .......... 13,885 1,442 99,124 01,557 8.869 575.659 203.174 155.773
Totad assets................................................................. 503.351,305 424.672.353 1.731.407.724 285.964.030 826.919.067 1.430.143.256 717.604,838 618.320.260
Cash......................................................................... 19,683.677 11,220.390 31,052,041 12,633,095 7.412,461 64,395,753 29,569,264 23,871,288
Zes and accounts receivable ................................ 149.208,260 132,054,321 189,524,923 32,618,799 50,319,476 291,763.062 183,407,625 154,715,037
Less: Allowance for bad debts ............................. 6,412.236 1,324,496 5,325,665 956.203 1.349,520 7.632.601 4.223,031 3,599,740
Inventories ..................................................... .......... 37,958.773 18.017.139 27,351,769 4,682,497 17,156,707 3,49,313.975 178,033.839 150.583,764
Investments in Government obligations .................... 15,956.280 -3,533,693 7.971,330 1.367.147 3.237,975 35,229,319 31,947,052 31.8W,934
Tax-exempt securities. ........................ ..................... 7,575.171 -3,437,506 . 2,764,569 296,041 426,959 23.656,863 2,367,582 2.308,455
Other current assets ................................................. 36,819,117 23.532,793 72,379.479 13,9211.486 31,045,346 125,210,715 84,962,366 81.181,985
Loans to stockholders .............................................. 595,519 146.850 1,810,388 959.054 561,688 10,831,916 3.104,549 2,384.222
Mortgage and real estate loans................................ 6,576,587 15.317,901 2,354,406 617.028 1,642,512 6,533,948 1.678,983 1,369,877
Other investments ..................................................... 94,178,282 78.633,961 280.359,035 35,783,219 75,546,353 155,285,673 67,833,978 59,782,338
Depreciable assets................................................... 171,463.560 158.257.760 1.439,204,582 260,589.852 783.160,032 442,646,101 166,130,691 132,275,185
Less: Accumulated depreciation ........................... 92,661,524 811.5811,932 545.616.384 104,241,168 267,833,797 199,967,650 80.403,426 62,994.242
Depletable assets..................................................... 72,091 733 11.178,255 779,355 10,389.172 3,760,581 3.419,496 3,352,964
Less: Accumulated depletion........................ ....... 20,314 455 5.001,337 234.895 4,765.933 1.254,572 1.085.931 1,063,252
Land.......................................................................... 2,733,413 1,677,246 13,102.631 4,421,566 4,942.683 35,994,850 9,313,741 7,448,299
Intangible assets (amortizable)................................. 22,087,261 12.858.044 78.317.475 9,422,527 10,122,590 52,391,342 26,549.334 21,622,782
Less: Accumulated amortization........................... 5,239,204 1.664,642 13.839.364 1,492.737 2,237.244 11,184,820 5,192,143 4,155,188
Other assets ............................................................. 42,776,590 5O,T75.539 143,819,589 14,797,368 107,121.607 53,168,801 20,190,867 17,426,552
Total liabilities.............................................................. 503.351.305 424,872,353 1,731,407,724 205,964,030 026,919.067 1.430.143,256 717,604.838 618.320,260
Accounts payable..................................................... 46,889,042 42,345,245 89,453,341 23,838,880 37,605.771 231,336,168 132,246.490 109,384,455
Mortgages, notes, and bonds payable in less
than one year........................................................ 88,964,578 69,681,496 129,841,050 14,794,449 30,441.992 242,042.378 170,857.386 157,929,923
Other current liabilities .............................................. 33,989,126 48,552,730 135.121.072 37,726,034 53,040,649 191,818,179 101.156,848 92,287,803
Loans from stockholders ............ ..................... 4,488,720 1,886,365 8,501,747 3,812,320 1,361.611 30,836.361 13.450,347 10,977,090
Mortgages, notes, and bonds payable In one
year or more ..................................................... 64,935,665 77,314,927 497,412.640 79,701,454 269,469.795 258,684.916 109.665,939 91.197,800
Other liabilities.......................................................... 121.397,494 114.479,008 298,469,077 49.09%643 165.430,261 105,827,268 28,138,554 24,253,718
Capital stock ........................................................ 17,242,975 8,628,758 170,653,332 19,452,126 111.851,282 77,293,890 45,138.422 38.864.653
Paid-in or capital surplus................................ .......... 68.943,059 56,783,190 287,953,509 45,508,449 81,218,573 148.846,605 61.258.394 52,027.023
Retained earrings, appropriated.............................. 44,279 '20,753 12,153,025 1,782,923 3.076,774 1.069,633 482,415 313.013
Retained earnings, unappropriated ............... ........... 66.561,829 6,313,495 119,709,505 14,732,601 76,169,537 163.154,593 64.462.399 48.696.388
Less: Cost of treasury stock ..................................... 10,105,460 1,133,616 17,W0,773 4,484,849 2,747,378 20,766,724 9.252,357 7,611.606
Total receipts .............................................................. 355.199,276 346.568.541 950.932,703 324,771,645 350.492,561 2,739,526,901 1,341.103.639 1.045,735.073
Business receipts ..................................................... 327.363,870 308,627,668 904,223,038 310,349,148 334.119,522 2,663.541.368 1,307,322,121 1.017,827,805
Interest ...................................................................... 12,431.18a 14,184.048 15,789,522 3,337,384 5,899.193 26,165,726 13,441,251 12,302,577
Interest an Goverriment obligations:
State and local...................................................... 680,324 150,606 286.616 27,833 121,135 1,459,301 190,523 162,648
Rents ........................................................................ 770,898 9,268,370 10,809,350 3,688,711 2,132.620 6,642,040 2,999.332 2,439,534
Royalties ................................................................... 2,962,139 369,814 637,406 97,805 144.794 3,731,452 1,023.552 965,523
Net short-term capital gain reduced by
net long-ternri capital loss ...................................... 118,697 70,458 205,292 45,278 78.263 386.648 145,539 133.091
Net long-term capital gain reduced by
net short-term capital loss..................................... 3,224,333 536,079 3,200,742 739,715 1.286,291 3,112,816 1.420,872 1,189.556
Net gain, noncapital assets ....................................... 1,572,250 2.133.042 3,509,979 1.454,469 1,548,382 3,148,864 2,077,667 1.782,726
Dividends received from domestic corporations 279,089 110,194 1,300,260 125,081 399,921 746.849 371,218 336.0143
Dividends received from foreign corporations 2,109.406 738,801 222,228 88.019 20,991 1.039.876 732,547 656.881
Other receipts........................................................... 3.687,081 10,379,460 18.748,269 4,818,202 4,741,447 29,551,961 11,379,015 7,938,689

Total deductions......................................................... 338.097.048 338.276,407 908.158.023 321,560,932 327.311,421 2,704.800,645 1,329,078,922 1,037.150,410
Cost of sales and operations................................... 207,142,148 235,124,235 358,185,992 119,563.027 165,323,596 2,046,343,827 1,090,585,481 852,261,531
Compensation of officers ......................................... 3.462,275 683,059 6,742,888 4,011,503 1,04,387 33,562,247 17,102.865 12,893,867
Salaries and wages .................................................. 34,344,372 13,145,835 97,649,438 59,726.512 14,263.914 206,486,611 62,598,563 45,606,810
Repairs..................................................................... 2,265,756 2,352,833 31,704.019 9,359.783 12.078.557 11.389,770 3.541.771 2,510,816
Bad debts ................................................................. 2.998,754 1,214.390 7,597,024 1,117,326 1,558.397 8,747,260 3,067.037 2,362,376
Rent paid on business property................................ 4,049,174 2.367.928 28,340,109 18,862.514 4,015.739 48,788.250 10,555,611 8,018,327
Taxes paid ................................................................ 7,086,261 5,939,780 42,716.031 12,113,691 19,983,289 41,610,977 15,190,031 11,610.532
Interest paid ....................................................... 15,272,753 13,991,727 52.002,392 8.871,069 25,649.439 40.107.703 17.860,574 115,1181.025
Contributions or gifts ................................................ 231,281 225,049 653,649 117,485 263,269 816.826 354,980 256,657
Amortization............................................................. 1,008.277 563.650 6.503,797 656,903 1,025,244 3,755,699 1,730,389 1.384,663
Depreciation............................................................. 18,325.404 17.660.821 84.957.08a 18.690,180 34.135,597 41.733.757 19,301,802 15,820.534
Depletion,................................................................. 5W 18,866 945,816 163,431 769,626 263,127 244.794 235,369
Advertising ................................................................ 3,982.512 3,375,326 6,700,864 1,900,572 458,162 33.276,313 10.901,810 9,526,600
Pension, profit-sharing, stock bonus,
and annuity plans................................................... 2,268,203 6,897,673 7.100,227 3,414,933 2,329,717 6.263,596 2,817,303 2,019,591
Employee benefit programs.............. ...................... 7,356,504 13.063,394 21.921,630 9,108,176 4,532,021 18,441.019 6,264,391 4,299,723
Net loss, nah::apital assets....................................... 1,466,625 45,753 2,105,485 268,478 677,899 2.044,715 921,059 733,580
Other deductions ...................................................... 26,837,148 21,606,088 152,331,573 53,6211,346 38,842,569 161,169,148 66,040,261 52,226,410
Total receipts less total deductions.............................. 17.101,329 8,292,135 50,774,680 3,204.713 23.181,139 34.726.056 12,024,717 8,584,663
Constructive taxable Income from related
foreign corporations................................................. 1.672,659 7,254,801 935,606 134.816 124.588 1,523,549 1,114,458 1,094,292
Net income (less deficit)............................................... 18,093,663 15,396,330 51,423,670 3,311,696 23.1 114,592 34,790,304 12,948,651 9,516,307
Imam subject to tax ................................................... 21.750,101 13,601,056 56,798,157 7,881,437 23,093,222 48,023,961 19,687.133 15,381.122
Income tax. total 2......................................................... 7,649,542 5,125,101 20,714,976 2.908,793 8,633.653 16,348,231 6,703,642 5,298.711
Regulartax............................................................... 7,560,500 4,751.687 19,664,873 2,627,183 8,047.246 15,677,835 6.391,073 5.011.981
Personal holding company tax...............................
Recapture of investment credit ................................. 3,619 18 14,374 10,871 '696
Alternative minimum tax............................................ 49.284 352,223 948,213 270,635 541,034 623,544 292,615 270.230
Environmental tax..................................................... 26.601 21.173 94.339 11,145 41,624 50,128 17,905 14,394
Foreign tax credit .......................................................... 1,051.056 2.683,646 343.148 60,433 20,708 732,257 415,049 398,627
U.S. possessions tax credit .......................................... 1.010.851 12,577 82,567 is 22,269 2,186 2,058
- - - -
Orphan drug credit ........................................................
Nonconventional source fuel credit ............................... 42 210
J.:174 111,343 162,349 57,070 57,022 '54,724
General business credit ................................................ 224,815 401.164 5 988 64.775 277,423 280,603 62.526 52,994
Prior year minimum tax credit ....................................... 253,133 84,267 J.,651,1125 78,025 220,736 128,956 52,423 40,966
Total income tax after credits............................... 1 5.109,687 1,943,04 900,532 2.674,202 7,952,394 15.127,073 6,114,435 4,749,342
Footnotes at end of table. See text for 'Explanation of Ternis' and 'Descriptim of the San%*Ie and Limitation ofthe Data."

89
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S, 1120-REIT, AND 1120-RIC
Table 12-Balance Sheet Income Statement Tax, and Selected Other Items, by Selected Major Industries"Continued
[AN figures we estimates based on samples-money amounts wa, In thousands of dollars)

Industrial Divisions and Selected Major Industries-Continued

Wholesale and retail trade-Continued
Retail trade
Item Automotive Wholesale
General deaders Eating and Miscellaneous and retail
Total merchandise Food stores arid drinking retail trade not
stores service places stores allocable
stations
(24) 01 (20) (27) J281 (29) (30)
Number of retunts, total............................ "13 36.033 53,128 84.625 118.612 3.790
Total assell& ................................................................. 710.216.238 292.810.469 93,566.5,16 68.196.286 62.988.415' 91,860.574 2.322,180
J.,
34:482.147 8,309,848 5.963.608 4,560.776 3.443,448 6,727,979 344,341
cash.................... a.............................
Notes and accounts receivable.......... 656,917 59,125,019 6.679.282 9.077,887 3,457,958 13.850.385 698,521
3,399.091 1,934,849 911.603 142,523 167,703 640,203
Less: AJcnirence for bad debts .............................
170819.346 48.432,253 19.755.276 32.65.875 1,760,026 34.504,350 460,790
Inventories ......................................... ... ...............
3' 282,267 -2,460,834 318,772 45,366 63,908 281,310
Investments in (3civernment obligation's..................... * -
21.289,281 '20,596,634 '477,244 -13,137 -8,939 98.603
Tax-exempt se unities ................... .............. ............
40.095,067 25,745,354 2,567,473 1.870,576 1,627,354 3,155,014 153,281
Other current assets.......................... ......................
7,724,585 3,255,773 210,737 707;247 1,045,983 1,480,742 *2,782
Loans to stockholders ............. ................................
4,850,997 -3.678,655 154,879 78.944 300,975 144,681 *3.968
Mortgage and real estate loans ................................
87,197.288 53.401.500 6,051.846 2,955,761 7,957,711 5,520,303 254.407
Other investments .....................................................
275,893,450 75.117.290 61,047,020 21,327,486 45,160,663 32,607.148 621,960
Depreciable assets ...................................................
Less: Accumulated depreciation ........................... 119,228,230 26.296.650 27,431,087 10,950,656 19,874,270 16,579,793 335.994
327.959 115.484 -2,836 '121,732 '48,023 '13.127
Depletable assets.....................................................
Less: Accumulated depletion................................ 163513 57.743 '2,160 3649 '37,177 *5 27
26,623:252 8,171,099 5,164,219 2,248,004 5.9
*5545. 60 1. 894,864 57:1.57
Land..........................................................................
25.823,650 4,033,365 4,712,353 1.095,982 5,760,887 6,466,232 18,357
Intangible assets (amortizable)............................... ;.
5,982.238 645,481 697,657 426,394 1.648,726 1.745.301 10,439
Less: Accumulated amortization...........................
32,923,104 9,302,285 8.683,120 1,098.141 8,068,816 4.091,414 54,829
Other assets .............................................................
Total liabilities.............................................................. 710.216,238 292.810,469 93.566,545 66.196.286 62.988.415 91,868.574 2.322.180
Accounts payable..................................................... 98.702,266 35,894.006 16,240,728 6.986,709 4,248..800 18.926,569 387,412
Mortgages, notes, and bonds payable in less
70,731,376 21,191,658 5.843.603 25.731.219 3,245.669 6,705.802 453.615
than one year........................................................
90,507,729 50,371,947 10,527,624 4.183,305 5.600.665 9,479,084 153.602
Other current liabilities ..............................................
Loans from stockholders...................... 17,266,074 2,357,288 1,142.835 2,787.831 3.361,287 4.562,279 119,940
:
Mortgages, notes, and bonds payable in ona
148,589,073 51.364,475 31,798,514 10,157,158 21.072,669 16,250,03 429,903
yes or more .........................................................
77,598,654 47,978,403 9,803,473 1,300,803 9,134,384 4,924.545 90,060.
Other liabilities..........................................................
31,948,680 7.210,985 3,839,319 3,249,576 5.484,876 5,118,704 206,788
Capital stock .............................................................
87,399.764 33,898,943 8,993,614 4,264.348 10,279.524 16,081.845 188.427
Paid-in w capital surplus ....................................
574.649 -32,292 66,958 74,919 63,193 110,431 *12.569
Retained earnings, appropriated ..............................
98,339.067 44,549.DO6 6,453,555 8,569,966 2,988,134 11,469,554 353,118
Retained earnings, unappropriated...........................
11,441.114 2.038,535 1,143,677 1,109,549 2,690,786 1,760,642 73,253
Less: Cost of treasury stock......................................
Total receipts.............................................................. 1.392,477,461 322,146,755 297,915.909 244.732,739 100,820.792 218.266,035 S.M'801
1,350,389.815 304,923,703 292,730,640 240,699,848 95,234,283 213,972,123 5,829,432
Business receipts.....................................................
12,677,963 7,464,286 455,211 979,743 1,100,340 949,158 46,511
Interest ......................................................................
Interest on Govenninnent obligations:
1.268,666 1,132,409 39.768 4,105 11,709 25,904
State and local......................................................
3.638,131 1,499,680 602,771 222.726 503.982 218,317 *4,577
Rents......................................................... ..............
2,707,844 393,824 71,641 4,315 989,441 496,201 58
Royalties ...................... .....................................
Net short-term capital gain reduced by
233,191 162,604 - 7,196 17,129 11.530 21.750 -7.919
net long-term capital loss......................................
Net long-term capital gain reduced by
1,674.193 674,614 118,038 110.568 251,221 141,830 -17,751
net short-term capital loss.....................................
1,070.892 161,814 103,678 307.150 264,246 145,227
Net gain, noncapital assets .......................................
Dividends received from domestic corporations 373.486 193,997 39,177 12.113 13,075
' 23,474
306.335 -58,178 140 113,090 1,914 994
Dividends received from foreign corporations
18,136,944 5,481,645 3,537,043 2,374,900 2,327,875 2,268,136 36.002
Other receipts................................... : ......................
Total deductions ......................................................... 1.369.975.734 314,616,488 294.291.999 242.816.939 98,504,884 215,400,717 5.746.189
951,318.769 207,343,552 220,909,116 203,273,613 40,407,004 146,285,064 4,439.577
Cost of sales and operations ...................................
16,264,068 747,130 1,405,1112 3,099,889 2,237,324 5,054,907 195.314
Compensation of officers .........................................
143.527,507 35,934,09 29,876,831 13,021,491 19,184,646 22,239.660 360.541
Salaries and wages ..................................................
7.833,589 1,524,734 1,867,555 800,963 1,495,068 1,092.518 14.410
Repairs .....................................................................
Bad debts .................................. ...................... 5,666,462 2,966,756 321,114 310,879 220,334 933.149 13.761
38.172,158 7,840,668 5,590,067 2,757,568 5,733,386 7,183,927 60,281
Rent paid on business property
26,336,806 6,388.116 4,521,922 3,008,557 4,150,996 3,972,622 84.140
Taxes paid ......................................... - - . .....
.... ... 22.182,694 8,664,674 3,250,429 1,995,894 2,972,169 2,517,177 64.434
Interest paid .....................................
460,697 170,453 73,131 31,139 38,024 67,387 1.149
Corildbutions or gifts ................................................
2,023,755 367,537 239,581 123,941 425,871 593.205 1.555
Amortization .............................................................
22,352,603 6,075,366 4,533,201 2,121,811 3.158,162 3,030,701 79.353
Depreciation.............................................................
17,419 *120 '2,467 -8,097 914
Depletion
7 .............. ................ 22,343.786 6.139,852 2,612,860 2.265,583 2.595,791 4,294,230 30.717
Advertising ...........................................................
Pension, profit-sharing, stock bonus,
3,423,943 949,168 918,792 267,388 229,358 477,588 22.350
and annuity plans ...................................................
Employee benefit programs..................................... 12,133.312 3,177,858 3,740,314 1,160,488 1,312,505 1.363.798 43,316
Net loss, noxicapital assets....................................... 1,122.157 158.216 210,621 43,338 157,877 287.826
Other deductions...................................................... 94,796,010 26,147,870 14,221,123 8,531,931 14,166,207 15,998,842 332,877
22,501,727 7,530,267 3,623,910 1,915,799 2,315,908 2.865,318 1199.613
Total receipts less total deductions..............................
Constructive taxable income from related
foreign corporations.......................................I .......... 409,091 92,421 1,675 231,501 54,161
Net Income (less deficit) ............................................... 21,642,152 6,490,279 3,585,818 1,912,007 2.535,700 2.893.575 199,502
Income sublect to tax.................................................. 28,106,196 7,691,877 4,383,779 2,059,595 3.436,966 4,726,223 230,631
9.569,536 2.914.199 1,512,889 625.703 1.135.724 1,487,657 75,054
Income tax, total I.........................................................
Regular tax................................................................ 9.211,937 2,676.870 1,484,653 600.439 1.121.220 1,451,866 74,825
Personal holding company tax ..................................
Recapture of investment credit ....................... (1) (1)
330,929 225,232 -2,31 29,248 10.626 31,708
Alternative rninimum tax............................................
Environmental tax ..................................................... 31,994 12,D97 5,683 -682 3,725 4.083 229
Foreign tax credt.: ........................................................ 316,382 '45,236 1,734 241,392 14,488 826
U.S. possessions tax credit.......................................... 20,082 14,639 3,128 642 1,604 69
- - - -
Orphan drug credit ........................................................
Nonconventional source fuel crecit ...............................
General business credit ................................................ 218,077 - -51.978 49,117 6.874 73,415 15.497
Prim year minimurn tax credit....................................... 76,535 42,374 11,777 3,542 5,444
Total income tax after creditV ...................................... 8,938,410 2,795,232 1,416,534 606,372 815,769 1.452,157 74,226
Footnotes at end of table. See tam far 'Explanation of Termsw and "Description of the Sarnple and Umdatiw of the Dwa.0

90
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S, 1120-REIT, AND 1120-RIC
Table 12-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Selected Major Industries-Continued
[AD figures are estimates based an sampies-morey amotats are in thousands of dollars]
Industrial Divisions and Selected Major Inclustries-Continued
Finance, insurance. and real estate Services

Item Insurance Nature of

Total Banking Insurance agents. Real Total Business Other business
brokers, arid estate services services not allocable
service

(31) (32) (33) L341 (35) (36) AN) (38) (39)

Number of refturns, total............................................ 347.827 10,669 7.715 36,621 236,961 523,168 160.680 196.978 9,613
10,275.600.594 4.404.606,432 2.809.`130.834 34.204,395 243.155,007 619.869.970 198.165.139 154.633.463 1.100.688
Total assets...............................................................
437,998,175 301,046,324 25,351,593 5,505,030 17,662.527 41,156,599 15.389,728 14.620,916 106,542
Cash ........................................................................ 32.466,695 103,951
2,736,854,161 2,005,329,255 161,957,244 8,657,945 15.164,367 105,135,144 44.117.033
Notes and accounts receivable ................. L.............
75,069,163 55,058,053 1.470.851 64,346 630,321 5,633,367 1,362,599 3,070,481 -1.025
Less: Allowance for bad debts............................ 123,253
11,822.623 151,678 2,875,549 -1,598 7,277,837 20.494,871 5,381.271 2,841.757
Inventories ...............................................................
928,935.136 567,905,629 253,736.726 483.835 1,102,790 4.0117.91111 1,096.764 2,3411.367 -8.512
Inottstments In Government obligations..................
328,268,533 70,245.765 231,360.587 606.166 867,199 2.144.213 554,294 1,195,282 -1,588
Tax-exempt securities .............................................
956,926,397 208.013,488 286.331,875 2.311,837 14,837,504 40.568.661 15,416.703 9,896,347 79,722
Other current assets ................................................ -4,891
26,024,347 1.781,838 3,226,274 388,510 3,001,694 5,785.453 1,518,418 1,434,287
Loans to stockholders ...................................
1,552,039,333 413,528.343 227,746,465 135.410 10,556,122 3,497,957 1,206,126 1,280,933
Mortgage and real estate loan ...............................
2,408,313,112 481,551.577 1.419,401,851 10,283,604 42,211,707 1143,245,769 46,272.645 22.914,624 -190,022
Other investments ...............................................
334,475,513 103,528,235 47,385,757 5,716,622 126,825,312 267,908,845 72,916,114 67.120,202 436,013
Depreciable assets ................................................. 37,677,615 27,859,928 103,151
123.813.940 45,757,393 10,360,034 3.204,793 41,978,409 117,963,198
Less: Accumulated depreciation......................... *38,899
1.296,202 7.695 232,337 618,403 269,777 88,529 115,807
Depletable assets ....................................................
390.384 102,108 164,059 106,413 23,101 53,645 *19,505
Less: Accumulated depiction .............................. 106,578
49,078,838 7,937,652 2,213,271 207,951 33,942,481 16.754,493 1,580,493 4,303,704
Land.......................................... - ............................
49,075,215 19,228,879 7,595,617 2,105,272 2,935,535 54,764.363 21,198,527 13,221,490 -2.207
Intangible assets (amortizable)............................... -1,423
13,221,901 4,379,548 2,246,696 669,127 910,877 14,494,451 6,466,386 2,369,276
Less: Accumulated amortization .........................
667,188,398 329,548,390 153,895,375 1,735,764 9,835,195 52,303,144 16.958,175 14,233,384 22.671
Other assets............................................................
Total tablittles ............................................................ 10.27S.800,594 4.404.606.432 2.809.130.834 34.204,395 243.155.007 619.869.970 198,165.139 154.633.463 1.100,688
416,350,559 139,315,690 44,102.626 9,905,740 7.678.647 52,032,816 20,963,559 12,560.813 139,241
Accounts payable ............... ....................................
Mortgages, notes, and bonds payable in less
641,953,357 170,216.005 62.898,999 1,879,758 19,439,025 42.501.942 15,146.731 9,136,736 203,806
than one year......................................................
5,073,722,612 3,228.554,518 585,529,284 3,826,170 13,150,730 74,834,301 30,993,850 20,252,607 78.500
Other current liabilities ............................................. 5,684,276 5,676,410 151.489
73,871,863 8.466,637 8,209,196 300,631 21,581,713 19,242,806
Loans from stockholders ..................................
Mortgages, notes, and bonds payable in one 36.251,838 106,830
820,550.159 207,110,484 73,287,826 2,906,599 91,545,972 165,049,962 45,045,450
year or more .......................................................
1,999,070.887 201,534,662 1,524,051,052 3,506,407 18,729,929 54,521,158 119.549,678 11,334,308 10,510
Other liabilities ......................................... ............... 450,144
169,048,942 68,881.922 26,473.872 1,384,562 31.330.340 41,864,009 12.788,722 8.940,093
Capital stock...........................................................
622.893,644 196,228.540 209.695.432 3.792,072 67,783,136 163,384,252 47,294,699 50.214,824 350,550
Pald4n or capital surplus.........................................
56,837,521 2.127.206 46,905,958 33,576 1,971,164 698,003 165.340 308,492
Retained earnings, appropriated .............................
425,828,566 186,531.550 234,203,155 7,766.129 -26,883,011 18,790,620 7,484.832 2.216.223 -388,107
Retained earnings, unappropriated .........................
24,327,516 4.360,781 6,226,566 1,097,250 3,172,636 13.049.898 6,951.998 2.259,081 *3J76
Less: Cost of treasury stock...................................
1,758.313.623 419,975,422 926,029.045 27.837,973 80.047.726 652,568,209 227.996,701 221.840,731 942,142
Total receipts.............................................................
932,132,592 57.989,405 673,933,790 26,397,012 60,888,902 609,554,724 214,193,782 210,361.264 883,416
Business receipts....................................................
582,414,518 300,005,670 134.457,484 462,737 3,943,994 9,097,736 2.676,922 2,025,456 17,825
Interest ................................................. ..................
Interest on Government obligations:
16,453.062 5,834,224 6,993,821 53,746 130.381 617,605 398,549 151,320 *118
State and local ....................................................
32,371,997 10,054,910 11,633,196 99,845 6.029.315 2,500,609 509,137 614,941
Rents.......................................................................
1,193,491 280,037 63,311 '10,223 229.334 4,831,593 1.868,221 420,087 *109
Royalties................................... .............................
Net short-term capital gain reduced by
8,9140,041 254,101 7,329,113 25.125 102,190 233,760 92,833 70,089
net tong-lerm capital loss....................................
Net long-term capital gain reduced by
27.639,798 2.000,324 18,296,463 114,817 3,084,762 2,225,948 529,526 930.171 *9,353
net short-term capital loss............... ................... *36
6,340,151 5,333,943 355,573 38,237 328,070 2.644,143 804,654 338.793
Net gain, noncapital assets.....................................
6,747,205 572,344 4,541,824 59.451 198,662 314.150 117.479 92.571
Dividends received from domestic corporations
1,314,849 389,409 418,992 125,085 27,889 1.269.748 480,643 23.688
Dividends received from foreign corporations
140,765,919 37,261,056 66,006,279 451,696 5,084,226 19,078,192 6,324,756 6,812,350 30,090-
Other receipts..........................................................
Total deductions ........................................................ 1.642.012,527 373,093,501 876.073,688 26.320.602 82.775.892 640,016,658 222.834.407 218.056.377 994,294
521.560.572 540,616 472,555,117 3.374,436 17,965,171 231,686,574 84,692,507 63.974,591 544.636
Cost of sales and operations ..................................
30.972,235 13,558,418 2.937.290 3,244,903 3.651,669 30,328,895 10,652,396 12,380,011 '17,261
Compensation of officers.......................................
153,261,340 44,686.289 58.347,553 6.719,813 7,939,702 118,766,602 43.846,498 50,059,101 101.499
Salaries and "gas ...........................................
8,171,891 3,217,813 539,594 171,107 2.954,639 6,004,079 1,452,901 1.660,949 37,030
Repairs ....................................................................
42,016,171 26,550,672 2,185,316 108,785 1,009,005 5,730,433 1,207,489 2,903,053 -W,565
Bad debts .......................................................... 35,674
21,654,494 7,095,891 6,039,377 1,111,317 2,490,083 21.814,626 7,227,163 7,278,945
Rent paid on business property ..............................
36,078,512 9.161,877 15,281,582 973.578 5,271,412 22,732,943 8,066,590 7,644,394 26,231
Taxes paid ..............................................................
288,379,910 160,296,791 17,241,590 423,359 9,504,930 18,701,291 5,245,158 4,315,965 17,788
Interest paid............................................................
1,359.476 691,106 275,360 33,558 57,029 331,568 108,865 102.285 '233
Contributions or gifts ............. .................................
7.409,351 2,403,830 2,222,265 168,472 443,085 4.841,560 1,470,748 843.981
Amortization...........................................................
34.584,893 16,001,805 7,518,180 518,986 4,716,391 29,039,215 10,194,118 5,265.800 21,824
Depreciation .................... ......................................
218,040 19.611 7.052 29,221 24.179 6,813 15.526
Depletion............................................................
9,809,385 3,395.943 1,820,696 231,074 779,810 9,324,957 3,502,622 1,548.028 5.419-
Advertising ..............................................................
Pension, profit-sharing, stock bonus,
7,884,234 2,486,129 3,321,222 408,980 232.689 3,920,302 1.373,512 1,808,255 '618
and annuity plans ..................................................
18,560,768 7,130,024 7,278,282 813,074 656.665 11,957,907 4.147,146 5.600,848 *7,777
Employee benefit programs ....................................
15,466,827 3,924,195 329,835 35.662 1,424,519 1,285,037 498,643 324,633 '10,377
Net loss, noricapital assets .....................................
444,624.429 71,932,492 278,173,376 7,982,805 23,649.871 123,528.489 39,151,236 52,130,013 137,331
Other deductions .....................................................
116,301.096 46.881,921 49,956.157 1,517,371 -2,728,166 12,549,551 5,162,294 3,784,353 .52.152
Total receipts less total deductions .............................
Constructive taxable income from related
7.138,083 3,414,891 1,434,101 215,757 5,702 846.783 368,828 41,003
foreign corporations ................................................
106.986,117 44,462,588 42,396,437 1.679,382 -2,852,845 12.778,729 5,132,573 3,674.036 -52,271
Net income (less deficit).............................................
124,445,340 47,354,900 39.376.756 1,7D6,956 3,788,809 22,278.533 8,382,876 7,643.260 27,264
Income subject to tax................... ..........................
44,391,527 16,728,553 14,882,646 546,763 1,119.528 7,383.718 2,808,877 2,525.959 4.470
Income tax, total I .......................... ...................
42,843,021 16,457.187 13,681,734 539,315 1,063,513 7,192,941 2,729,520 2,484.624 4,356
Regular tax ..............................................................
Personal holding company tax ................................ 7,057 -7 3.221
Recapture of investment credit............................... 581 255 14 5 9
1,471,443 193,891 1,133,037 5,939 44,950 165,891 71,189 33,046
AJtemative minimum tax ......................... .......... -
165,076 57,889 64,622 1,510 1,711 23,074 7,899 7,462
Environmental tax................ ...................................
4.150,328 2.297,745 885,983 119,294 2,995 706,223 424,573 34,416 .7
Foreign tax credit........................................................
35,568 15,776 - - 863 11,699 2,235 3,163 100
U.S. possessions tax credit ........................... ............
Orphan drug credit.......................................................
25,227 9,009 7,433 8
Nonconventional source fuel credit.............................
421,357 260,569 62,040 2,577 8,568 233,613 147.251 34,654 '32
General business credit ...............................................
tax credit ..................................... 1,053,674 454,561 446,822 1,766 7,804 165.177 68,391 33,996
Prim year mimimurn
38,705,375 13,690.894 13,480.568 422,003 1,098,053 6,266,524 2,166.419 2,419,287 4.331
Total income tax after credits ...............................
*Estimate shouk! be used with caulim because of the small number of sample returns on vMch it is based.
Less than $500 per return.
Aso includes branch tax (Form 11 20-F) and adjustments to income tax and to total tax %vhich are not shooni separately.
2 Also Includes qualified electric vehicle credit which Is not showm separately.
NOTE: Detail may not add to total because of munding. Sao laid flar"EVIanati.on of Terms" and 'Description of the Sample and Limitations of the Data.*

91
 Corporation Retums/1993
RETURNS WITH NET INCOME, OTHER THAN FORMS 1120S, 1120-REIT, AND 1120-RIC
Table 13-Balance Sheet, Income Statement Tax, and Selected Other Items, by Selected Major Industries
JAI Wes are estimates based on samples-money amounts am in thousands of dollars]
Industrial Divisions and ad Major Industries
Mi ng Comiltruction
Geincrall
Item AN Agriculture, building
Inclustries forestry. Oil OW gas contractors Special bade
and fishing Total extraction Total and contractors
operative
builders
-- 0) 121 (3) (4) (5) (6) (7)
Number of returns, total.................. .123.240 47.649 384 .922 126590 44.191 74.355
15.994.243.602
1
Total assets............................................................... 34.902,519 95.21 :.550 45.920.453
6 116.768:775 52.205,542 31.011.433
592,530.161
cash .............. ........................................................ 2.589,073 4,625,022 2,931,856 12.656.249 5,405.554 4.131.935
3.851.400,684
Notes and accounts receivable.............................. 3,514.713 15,020.626 6,527.942 31.458,124 12,023.742 12.636,610
Less: Allowance far bad debts ........................... 92,301,260 33.202 139.541 96.759 234,298 52.215 100.719
605,599,345
Inventories.............................................................. 4,543,696 3,490.449 1,720,020 111.258.579 7.526.090 2,854,365
Investments in Government obligations.................. 940 410.691 101,078 303.648 208.310 1.123,999 371.283 47.M
364.764.260
Tax-exempt securities............................................ ' 99,307 126.153 '67,450 635.077 38.682 143,331
1.239.421,872
Other cument assets............................................... 1.257,904 2.718,334 1.997.435 11,433,993 6,718,748 2.815.742
45,731,419
Loans to stockholders ............................................ 970,411 406,023 153.718 1,666.056 616.057 679,&-)0
1.406.182;183
Mortgage and real estate loans .............................. 248,005 52.790 '48.881 5,470.750 5.247,378 172,917
Other investments 3.556.369,466
: .................................... 2,980,619 23,934.896 7.126.425 15,707.722 5.648,375 1,248.655
3.549.208,987
Depreciable assets............................... ................. 24.225,687 48,595,386 25,550,053 '48.075.334 11,737,284 18,097,702
Less: Accumulated depreciation.........................1.609,038,274 15,579,869 25.80,874 14,638,248 29,437,816 6.167.487 12,235,416
92,311,005
Depletable aisets, ................................................... 563,584 24.937,569 21,246,325 333,457 -7,715
Less: Accumulated depletion .............................. 45,868,777 176.702 11,425,536 10.447,014 133.960 '45.852 -5,985
Land 120,230,718
:.................................... .......................... 8,117.893 2,164,743 829,222 3,049,110 1,691.566 598.949
389,962,658
Intangible assets (amortizable)............................... 293,233 4,744.692 2.507,560 889,659 294,925 384,123
Less: Accurnulated amortization........................ 92,564.875 108,957 1,845,018 992,115 254,131 94,259 121.475
1,079.673.340
Other assets, ..................................................... 1,296,047 3,309,188 1.179,391 3,070.671 1.155,276 455,406
................................ .................r
Total liabilities '15.994,243.602 34,902,519 95.210.550 45,920.453 116.768.775 52.205.542 31.811.433
1,083,316,525
Accounts payable................................................... 1,998,503 8.280,750 3,487.410 21,115,804 10.381,445 6,481,194
Mortgages, notes, and bonds payable in less
I 1,201,680,245 4,016,738 3.243,910 1,925.850 11.172,429 6,648.987 2,546,532
than one year .................... .......... .......................
Other current liabilities ............................................ 5.270,653,223 1.649,325 4,905,897 2,726,012 15.992,298 8,878,478 4.214,451
Loans from stockholders !.................. .............. 122,989.167 1,417.347 1,031.268 418,472 3,504,076 1,719,655 1,315,667
Mortgages, notes, and bonds payable in we
yew or more ....................................................... 2,012,198.157 6,873.464 15,748.575 8.408,824 15,989,627 9,184,324 3,255,962
Other liabilities ........................................................ 2.714.573,853 -1,447,705 10,793,641 4,057,442 5,220,856 1,649,375 768,718
Capital stock........................................................... 473,983.228 4,008.245 4,954,996 3,119,719 3,830,172 1,177,490 1,389,799
Paid4n or capital surpkis........................................ 1.557.005,825 2,971,799 37,813,394 18,699.395 12,526,336 3.023.753 2,039,977
Retained earnings, appropriated............................ 70,453,405 142,838 145,185 *59.261 229,899 -101,680 122,498
Retained earrings, unappropriated ......................... 1,672,884,024 11.316,925 9.428,374 3,440,813 29,066,257 9,988,196 10,621,9113
Less: Cost of treasury stock..................................
. 185,494,048 940,37i 1,135,640 422,746 1,878,979 547,841 945.256
Total receipts.................................... ........................ 8.207.810.106 47,212,977 47.212.866 26,468.407 247.694,520 100.216.889 94,267,072
Business receipts................................................... 7,138,919,613 43.514,522 41,715.882 22,845,664 241,657,948 103.318.538 93,248,687
Interest ................................................ : ................... 623,383,623 365.445 1,171.103 770,743 1,558,158 969,752 174.390
Interest an Govemonerd obligations:
State and local.................................................... 19,573.998 16.613 13,046 6,264 65,137 20.9r27 12,370
Rents...................................................................... 65.418.136 457,346 285,287 177,463 $59.215 528.323 153,737
Royalties ................................................... 29,504.622 99,842 278,136 205.731 51,544 ~.585 -7,710.
Net short4emn capital gain reduced try
net long-temn capital loss ........................... 9,770.102 17,511 72,329 59,105 31,945 11,711 5,248
Net long-term capital gain reduced by
net shoit-temn capital loss .................................. 46,399,014 616,524 680,360 398,452 346714 166,270 102.706
Net gain, noricapital assets .................................... 25,024,894 193,703 511.228 433,505 376:351 84,843 107,749
Dividends received from domestic corporations 12,480,732 78,335 150.518 97,280 75.980 18,501 14,616
Dividends received from foreign corporations 24,176,870 39,536 280.774 182,539 113.185 -65.947 *5.208
Other receipts ......................................................... 213,158,503 1,813,601 2.054.203 1,291,660 2,558.342 1,028.492 424,651
Total deductions....................................................... 7,726,139,346 ".216.159 42.269,390 23.068.990 240.310,120 103.267.003 91,489,973
Cost of sales and operations ................................. 4,545,803.774 25,278,918 23,626,265 11.572,991 185,048,362 $4,926,919 64,693,433
Compensation of officers ....................................... 108,627.676 1,361,122 634,480 444.566 7,955,568 2.457.365 4,591,285
Salaries and wages ................................................ 653,348.491 3,450,374 2,254,154 1,644.840 11,529,Oa4 3,653,5" 5,823,708
Repairs ;:............................................................ 72.688,713 892,425 544.207 .163,769 1.127,674 262,351 508,489
Bad debts ........................... * ................................... 52,289,511 44,731 75.422 54,078 329,521 102,333 185,890
Rent paid on business property.............................. 116,326,492- 1,494,586 432,837 262,503 2,128,334 613,941 1,136.664
Taxes paid.,............................................................ 199,247,530 1,160.483 1,475,048 721,620 5,255,229 1,466,794 2,928,080
Interest paid............................................................ 422,554.392 926.145 1,720,959 993,053 2.394,125 1,243,207 606,600~
Contributions or gifts ..............:............................... 6,235.011 39,725 38.255 15,074 110,736 45,958 39,3iO
Amortization........................................................... 24,311.016 59,375 286,495 109,735 117,987 42.351 32,729
D~preclafion............................................... ........... 282,072,341 1,769,833 2,802,397 1,463,094 4~092,1107 8W.921 1,773,869
Depletion ................................................................ 6,067,960 14.383 1.776,640 921.222 39.600 *4.773
Adverlising ..................................... -*. ...................... 98,635,979 203.920 53.082 38,151 750,982 294,310 403.466
Pension, profit-sharing, stock bonus,
and arinulty, plans................................................. 44,855.058 118,003 223.517 114,624 1.246,936 381.608 647,837
Employee benefit programs ................................... 115.637,029 458,139 498,514 267,108 2,376,902 694,576 1,182,530
Net loss, norocapital assets ..................................... 98:.157,698 23,464 60,742 42,437 61,734 17.854 31,563
Other deductions .................................................... .280,675 6,932,534 5,766,381 4,240.143 15,745,339 6,162,193 6,900,944
Total receipts less total deductions ............................ 481,670,761 2,994,817 4,943,470 3,399,410 7,384,400 2,959.887 2,767.099
Constructive taxable Income from related
foreign corporations ............................................... 34,055,167 -32,098 127,104 118,471 67,147 -29,730 .72
Net imam................................................................. 496,151,930 3,010,30 5,057,528 3.511,617 7,386,410 2.968.690 2,754,802
Income subject to tax.................................................. 436,221,213 2,169,864 3.454.135 2,174,898 5,557.993 2.165,137 2,029.977
Income tax, total ........................................................ 153.638,842 610,049 1,330,206 811.085 1,630,664 654,790 517,013
Regular tax., ......................................... ........... 148,833,262 589.527 1,165,001 743.266 1,570,594 632.628 501,999
Personal holding company tax ................................ 9,136 *1.970 '33
Recapture of investment credit ............................... 18,274 2
Alternative rydrunnum in.......................................... 4,302,080 19.317 137,092- 62,116- 51,272 18.265 13,558
Environmental tax................................................... 562.282 1,139 5,615 3,206 2,477 1,395 .135
Foreign tax credit........................................ ............... 22.885,778 20,925 526.299 398,341 71.686 40,173 -1.124
U.S. possessions tax credit ................................... 4,722,588 342 - - 1,141 59
Orphan drug credit ...................................................... 20,486
Monconventional source fuel credit ............................ 690,309 245- 27,566- 27.503- '772 .3w
'14
3eneral business credit .............................................. 3,077,651 14,663 12,501 10,088 22,262 7.733 5.037
Prior year minimum tax credit ........................ I............ 3,072,888 8,299 34,121 65,911 27.907 22,985
rotai income tax after credits........... 119,169.101 565,575 707,448 341,032 1,468,891 578.552 487,852
Footnotes at end of table. See text for *ExEftnation of Temns' and ~Descriafiw of the Sannal, and tinimtim a tm n-

92
 Corporation Returns/1993
RETURNS WITH NET INCOME, OTHER THAN FORMS 1120S, 1120-REIT, AND 1120-RIC
Table 13-Balance Shee% Income Statement Tax, and Selected Other Items, by Selected Major Industries-Continued
[Ad ftums ans estimates based an samplas-rrioney amounts am In Oxusands of dobml
Inclustrial Divisions and Selected Malor Inckistries-Continued
Manufacturim

Item Petroleum
Food and Lumber and Printing and Chemical and (Including Fabricated Machinery,
Total kindred products wood products Publishing ailed products Integrated) and metal products except electrical
coal products

(8) (9) (10) 0 1) ("2 (13) J"4 (15)

Numbarr of returns, total. .......................................... 106,142 5,397 7,142 15.524 4.199 731 17,916 12.907
3,381.835,748
Total assaits ............................................................... 290.100,107 47,693,650 143.086,421 497.147,108 512.755.719 65.299,898 155,916,224
80,299,712 4.374,665 1,5W,532 4,020,246 12,380,217 2,283,249 3,369,675 5,853,027
Cash.......................................................................
758,875,339 83,701,096 4,M,422 26,397,240 90,835,960 65,853.578 16,407,590 44.379,610
Notes and accounts receivable ..............................
13.548,690 553,616 89,428 2,107,738 1,577,787 527,716 322,314 836.788
Less: Allowance for bad debts...........................
261,416,258 25,134,540 5.308,661 6,037,846 37,072,337 15,932,169 13.796,297 21,080.396
tritientodes
31.235.854 1,750,324 -126,852 542,960 1.008,529 '156.237 221,642 178,085
Investments In Govermirkent obligations ...... ...........
20,933,544 314,612 . *9.869 448,030 2,108,580 -3117.330 182.177 1,017,045
Tax-exempt securities ............................................
161.114.343 11,439,618 2.187.DD7 7,153,418 17.320,377 24.315,618 2,813,285 6.457,028
Other cufferd assets ...............................................
1 5,015,928 855.039 99,813 487,018 6,214,556 4,023,585 670,383 266,911
Loans to stocknoidem............................................
25,371.195 46,697 -1,305,410 37,576 447,253 -50,604 62,711 143,608
Mortgage and real estate loom ..............................
863,871,115 74,461.501 7.331.571 43,001,288 149,555.096 181,293,571 14,758,146 31,091,676
Other investments...................................................
1,406,367.620 106,921,511 31,373,893 56,304,664 202.946.907 282,422,126 44,293,581 64.370,394
Depreciable assets .......................................
723,329.047 49,476,647 17,956,895 29,475,611 99.035,141 146,517,793 23,782,792 37.276,303
Less: Accumulated depreciation.........................
52,693,461 -68,213 4,007.772 5.801.620 38.633,221 -26,018 -59,273
Depletable assets ...................................................
28,326,768 -8,641 134,713 -76,981 3,914,501 23.089,497 -15,580 -7,936
Less: Accumulated depletion ..............................
30,925,010 4,338,150 725,896 1,692,363 4,626,724 6.645.233 1,074,829 1.562,505
Land ........................................................................
228,600,824 24,011,439 476,578 22,829,387 28,743,015 38.310,097 5.477.989 10.704,662
Intangible assets (amoftable) ...............................
Less: Accumulated amortization........................ 57.441,499 2,785,081 113,961 5,335.002 6,847,734 22.708,619 644,549 2.164,956
267,763,550 11,506,687 6.728,377 11,039,983 49,461,098 45.292,725 6,910,811 9.009,785
Other assets...........................................................
3.381,835.748 298.100,107 47,693,656 143.080,421 497,147,108 512,755,719 85.299.898 155,918.224
Total RabRiss ...........................................................
379,030,336 77,256,043 3,603,937 10,913,451 53,440.718 42,167,866 7,805,678 22,610.675
Accounts payable ...................................................
Mortgages, notes, and bonds payable In less
292.001,818 22,664.256 2,016,092 5.586.072 28,910,431 27,313.911 5,184,265 10,965,289
than one year......................................................
295.738,626 20,418,673 4,024,798 14,653,944 44,728,914 26,012,833 6,954,717 17,328,798
Other current liabilities............................................ 1
45.357.081 2,423,896 246,845 1,939,087 6,456,490 5,659,561 1,498,423 870,766
Loans from stockhoklers ........................................
Mortgages, notes, and bonds payable In one
631,321,858 53.059,868 14,839,727 33,515,995 83,788,529 96.210,361 17,077,817 35.114,700
year or more.......................................................
516,105,455 22.123,890 4,011,880 14,017.408 75,742,728 75,556,359 7,106,986 13.159,789
Other labilifies ........................................................
123.607,398 11.989,261 1,387,867 5,226,293 23,418,190 16,257,753 4,549,122 12.704,999
Capital stock...........................................................
570,054,541 43,079,973 8,320,672 32,206,3DS 94,649.896 111,867,127 15.097,873 24,137,597
Paid-In or capital surplus........................................
6.360.275 -500,424 -24,981 *56.920 898,496 450,826 57,635 111,313
Retained earrings, appropriated............................
637.982.387 62,227.470 9,569,759 29,415,629 111,303,568 137,230,176 22.681.571 24,152,497
Retained earnings, unappropriated.........................
115,724.025 19,643,646 352,900 4,444,684 26,190,852 25,971,052 2,714.190 5,238,199
Less: Cost of tre asury stock ..................................
Total recall......... 2.693,422.803 310.370.745 58,024,762 120.872,986 379,184.790 426,070.286 110.673.390 168,497.641
2,700,126,078 296,258.121 55,687.143 113,889,978 350,505,358 AID0,578,885 107,495,571 157,470,341
Business receipts ...........................................
......* **..........*****'**'**'*'*'***"**"***
58,112,569 2.8N.910 807,043 1,344,089 5,642,118 7,556,764 752.919 2,208.247
Interest .....................................................................
Interest on Govemment obligations:
1,514,696 37.239 9,035 30,889 130,604 29,832 22,784 90,885
State and local....................................................
20,551,942 809,730 75.670 402,707 708,685 2.157.803 181.418 1,938,670
Reds......................................................................
20,722.568 2,851,739 48,195 1,180,719 5.461,762 1,036.098 367.7DO 1,832,962
Royalties................................................................
Net short-tenn capital gain reduced by
765,800 36,970 4,8~7 20.133 108,676 15,588 20,707 18,930
net lorrig-term capital loss ....................................
Net longterm capital gain reduced by
12,205,920 580,724 527,948 730,548 2.117.523 1,053,685 202,955 684.195
net short-term capital loss ..................................
8,637,422 242,177 82,386 183,599 684,734 1.263,708 148,544 267,504
Net gain. noncepital assets ....................................
3.667,268 542,236 21,883 153.385 588,392 782,603 240,342 105,702
Dividends received from domestic corporations
20,280,376 1,970,309 162,454 259,420 5,200.627 3,677,120 349,692 1,174,176
Dividends recelved from foreign corporations
46,838.164 4.234,590 598,128 2,677,517 8,036,311 7,718,201 890,757 2,706,030
Other receipts............
Total deductions...... ..................... 2.722.037.865 293.527.698 65,132.399 111,6591091 346,770,830 407.522.483 104.184,003 160.059,329
1,798,804.803 198.526,031 41,120,917 50,943,529 199,265,364 312.567,954 73.307,769 107.410,109
Cost of sales and operations.................................
21,940,788 1,566.474 806,397 2,435,229 2,029,484 458,201 2,640,153 2,243,088
Compensation of officers.......................................
182,733.549 17,720,937 2,425.845 16,757,283 29,662,103 9,210,769 6,421,986 13,542,918
Salaries and wages................................................
23,338,208 2,328,036 1,031.644 817,206 3,837,160 4,076,210 584,665 1,262,275
Repairs ...................................................................
7,115,990 221.869 115.328 919,721 599,381 412,005 222,967 359,675
Bad debts...............................................................
26,317,647 2,456.623 420,039 2,049,690 3,411,013 3.554.024 858,892 1.696,647
Rent paid on business property..............................
Tans paid.............................................................. 74,226,276 7.118.715 1,275,673 3,580,857 7,167,016 17,084,803 2,681.349 3,543,732
88,318,868 6,919,024 1,572,763 3,966,188 9,756,312 13,168,563 2,085,019 4.066,414
Interest paid............................................................
Conbibutions or gifts.............................................. 2.919,054 310,782 43,628 241,840 606,537 318,711 63,988 121,059
8.436,586 858,372 51,182 1,234,081 1.136.867 1,045,587 213.777 598,671
Amortization............................. .............................
99.804,420 7,342,660 1,647,442 4,456.171 12,635,183 10,752.336 3.125.214 5,373.789
Depreciation...........................................................
3,059,176 7,642 482,847 -4.889 270,707 1,778,504 -2,041 16,586
Depletion ................................................................
52,915.813 14,591,415 272,815 2,556.447 12.131,082 952,419 1,239,296 1.611,755
Advertising ..............................................................
Pension, profit-sharing, stock bonus.
and armlity plans................................................. 22,452.283 1,371,121 339,885 1,011,528 2.577,576 1,379.873 689,747 1,404.731
53,987,366 4,033,231 603,845 2,812,460 7,388,846 2,426,492 2,256,974 3,694,978
Employee benefit programs...................................
Net loss, noncapital asses..................................... 1,418,923 100,432 11.581 128.996 219,987 61,163 50,079 342,035
254,246,116 28,054,135 2.910,538 17.742,978 54,076,211 28,274,869 7,740,085 12,770,668
COW deductions ....................................................
Total receipts less total deductions............................ 171,384.938 16,843.047 2,892,393 9,213,895 32,413,959 18.547.803 6,489,388 8,436,312
Conshictive taxable income from related
foreign corporations............................................... 23,922,481 1,465,507 1`1,115 162,794 5,014,279 3.584,692 421,753 1,399,007
193,792,723 18.271.315 2,894,473 9,345,800 37,297,635 22.102,663 6,888,357 9,746,434
Not Income .................................................................
173,855,607 16.929.702 2,478,829 8,326,530 34,798,001 21.058,051 5,846,759 8.168,571
Income subject to tax.................................. :...............
61,718,105 5,971.823 880,944 2,898,348 12,376,085 7.456,860 2,000,876 2,863,318
Income tax, total -.......................................................
Regular tax............................................................. 60,241,818 5.884.877 838.006 2.857,161 12,133,721 7,366,467 1,951,998 2,793,383
Personal holding company tax................................ 1 0;
Recapture of Investment credit ............................... 2,554 *429 '39 39 352 11
1.228,996 64,078 39,302 30.339 199,232 62.384 43,173- 57,410
Alternative minimum tax..........................................
Environmental tax................................................... 223,338 22.018 3,172 10.683 41,865 27,990 5.934 9,894
Foreign tax credit........................................................ 16.344,916 1,157,988 4,221 241,726 3,693.641 4,240.262 281.899 676,049
4,568,902 575,577 *6.764 2.312,285 11,821 5,586 *46,990
U.S. possessions lax credit
: 20,486 19,325
Orphan drug credit.....................................................
368.072 *533 3,860 -1,550- 63,665 283,004- .1 1,287
Nonconventional source fuel craidit ......................... ..
1,573.053 66,183 9,169 39,424 349,135 137,896 22,665 129,109
General business credit ..........................: ...................
966,332 40,830 5,215 36.804 187,333 114.170 24.843 30,426
Prior yew minimum tax cradt .....................................
37,876.343 4,130,715 858,478 2,572,080 5,750,501 2,671.707 1,866,082 1,979,456
Total Income tax after credits'....................................
FoWicte.sterWaftaM-rso-tm-dl;-*EXmt-ion ,f arms' and 'Descroon of the amplean ation a the te

93
 Corporation Retums/1993
RETURNS WITH NET INCOME, OTHER THAN FORMS 1120S, 1 i20-REIT, AND 1120-RIC
Table 13-Balance Sheet Income Statement Tax, and Selected Other Items, by Selected Major Industries-Continued
tAll figures are estimates based on samples-mneyarnourts min thousands of dollaml_

Industrial Divisions and Selected MgfortroclustriesnCorilwed

Transportation and! pubic utilities VAolesale and retail be
V.t.olesale trade
Rem Electrical Electric,
and Molorvehicies Total Transportation gas. and Total Miscellaneous
electroni~ and equiprnerit sanitary Total wholesale
equipment services trade

(16) (17) (18) (19) L2_01 (21) L221 (23)

Nurnber of returns, total...................... 7,390 930 54,440 45.639 4,140 319.957 116.480 87.815
Total assets............................................................... 440.104.707 411,122.605 1,496,710, 142 182.250.127 749.603.665 1,153.390.827 564.167,658 485,527,091
Cash....................................................................... 14,880,539 10,497,965 20,488. 855 7.413,999 5,854.991 50,862.597 22.446.419 18,214,753
Z es and accounts receivable.............................. 131.791.925 129,159.425 171,758. 010 21.188,994 46.801,536 234,418,800 138,993.348 116.686,135
Less: Allowance for bad debts ........................... 2.898.939 1,237,165 4.601. 070 478.544 1,272.302 - 5,444,288 2,485 890 12011.999,454
InvIentories.............................................................. 29,707,907 16,052,477 23,402. 620 2.327,624 15.796,541 281,000,676 143,166,180
- .748,393
Investments In Government obligations.................. 15.906,420 -3,437.279 5.479, 235 326,183 2,213.398 34,775,679 31,740,203 31.67,681
Tax-exempt securities ............................................ 7.519.415 -3,437.506 2,713,072 261,639 409,876 23,285,801 2,033.560 1.988,579
Other current assets............................................... 32,675,044 22,989,952 60,607, 694 8,229.897 29,042.937 1 11.726.272 76,161.850 73,iga.896
Loans to stockholders............................................ .404.324 137,331 1.435.679 762.056 534.097 5,615.962 2.223.742 1,719,290
Mortgage and real estate loans.............................. 6,563.258 15,317.901 717. 130 567,334 64,383 .5,707.711 1.106,100 811,746
Other Investments.................................................. 88,099,944 77,737,860 .257,007,571 30,953.941 71.296,W 128,649,067 52,872.467 46.195,903
Depreciable assets ................................................. .146,406,361 150,577,749 1,254,492.517 169.639.858 707,360,609 338,335,524 120,379,231 93.152,322
Less: Accumulated depreclatloq.......................... 79,843,483 78,302,871 481,112,425 71.673,534 242.932,836 153,952.864 60,688,354 46,501.220
Depletable assets.......... ........................................ 64,987 733 10,527. 348 727,919 9.789.714 - 2,3.94,229 2,298,839 2,252,736
.
Less: Accunuftted depletion .............................. 17,830 455 4.613,960 225,115 4,588.337 653.161 597,279 580,903
Land........................................................................ 2,045.366 1,552,191 11,017.775 3.392.837 4,073.935 29,287,630 7.173,302 5.656.435
Intangible assets (amortizable)............................... 14.949,484 12,252.585 51,483, 333 4,239,010 7,798,166 30,610,596 15,089,329. 11,685,054
Less: Accuxwleed amortization........ ................ 3,506,872 1,439.523 7,633,703 677,484 11,7~5.497 .6,693.857 3.151,666 2,528.907
Other assets ....................................t .............. 35,356.856 48,95i,666 123,940.
, 459 5,473,510 .99.315,689 43,464,471 15,406,277 13,199,652
Total liabilities .......................................................... 440,104,707 411,122,605 1.496.7 10.1 42 182.2s6.127 749.603.565 1.153.390.827 564.1167,658 405.627.091
Accounts payable : ...................... : ........................ 38,213,468 39768,087 75,190, 569 14,317.843 34,551,333 176.538,016 98,258.567 81.336,446
:
Mortgages. notes, and bonds payable in less
than one year...................................................... 79,346,479 68.731,115 116,877,262 8,413,164 27,978;747 186,077,494
, 129,640.252 119,659.414
Other current liabilities .................................... 1 24,377.460 46,747,393 106,161,684 17,211,104 47,695.329 166.047,705 67,919,881 $0.728,641
Loans from stockholders ........................................ 3,742,362 1,599.378 5,414,464 2,679.901 520,~08 16,300,220 7,689,987 6.333,556
Mortgages, notes, and bonds payable In one
year or more ....................................................... 54,529.085 73,812,064 387..961,244 42,338,048 231;170,293 179.077.270 75,294,889 62,728,883
Other liabilities........................................................ 112,728.486 111,064.392 '262,488,1 43 32.337,549 152.074,648 90.330,950 22.588,072 19,659.726
Capital stock............................................... :........... 10.206,216 6,599,115 146,864.3 83 5,616,695 105,026,345 f6,310,232 24,834,200 20,770.467
Pald-ln or capital surplus.................. ............ ........... 49,023,108 51,263,119 237,724,412 25.003,210 711,873,V0 104,050.777 42,148,418 36,566.293
Retained earnings, appropdated............................ 23,124 *20,361 10,614.4 10 293,927 3.033,657 787,597 387,257 243,652
Retained 76.315,443 12,625,787 163.661,8 24 37,305,901 78,409.746 205,844,436 83.440.492 64.136,062
, earnings, unappropriated.........................
Less: Cost of treasury stock .................................. 8,400,525 1,108.206 16,248.2 53 3.267,214 2,530.612 17.973,869 8.034,357 6.636.049
Total recelpts............................................................ 288.623.232 325.i30,671 791.69 IB956 204,786,201 320.358.946 2,166.751,705 1.030,231,481 791.519.396
Business receipts ............... ................................... 263,135,606 287,691,446 -745,586.4 79 195,379.339 305;530.379 2,105,850,036 1.004.655.802 770,787,148
interest ...................... 1 11,841.732 14,079.010 12,922,2 12 2.217,527 - 5,144.850 22,097,565 10,965,291 10,128,966
Interest on Government obligations:.
** ................
State and local .................................................... 667,957 150,437 280,7 99 25,064 120,138 1,433.998 176,314 149.929
Rents ...................................................................... 367,931 9,234,621 9,321,093 2,3DO.496 2,065,789 4,412,069 1,484,664 962,298
Royalties ................................................................ 2,565,680 362,042 574,666 92,126 93,901 2,980,172 639.621 607,210
Net short-ternh capital gain reduced by
net long-te" capital loss.................................... 110,332 68,693 128,838 13,1.14 55,371 351,703 115,383 103,849
Net long-term capital gain reduced by
net short-term capital loss.................................. 3,167,710 534~589 2,692,4 71 513,586 -1,260,868 2.437,189 1,162,963 979,013
Net gain, noncapital assets.................................... 1.525.512 2,087,302 2,922,3 00 931,229 1,524.438 2,337,216 1,459,414 1,208,442
Dividends received from domestic corporations 214,065 1 D9,126 1,256,8 47 90.138 393,527 667,513 318,121 285,752
Dividends received from foreign corporations 1,922.6~6 -67.576 190,785 57,527 26,572 869,214 585,345 510.037
Other receipts..................................... ................... 3.104,081, '10.116,031 15,823 467 3,166,055 4,1 49,114 23,315,029 8,668,562 5,796,751
Total deductions....................................................... 205.323,301. 315,371.4is 730,287,5- 55 195.642.600 295.207,669
- 2.1111~.033.455 1.008,359.235 774.543.786
Cost of sales and operations ................................. 164,578,087 216.596,548 296,182,7 38 75,734,899 151,247,396 1.612,296,277 834,057,649 642,269,877
Compensation of officers............1 .................... 2.6.89,494 633,691 4.950,9 00 2,838.448 - 1.228,01i2 25,253,908 13.190,587 -9,872,758
Salaries and wages :......................... 25,367.123 .12.663.087 68,532,409 .34.505,653 12,665.4210 163,123,098 48.377.999 34,902,953
I * *.......... ** 1,838,739 2,367,086 27,280,456 5,985,801 11.177,001
- Repairs............................................. ...................... 8,784,781 2,748,237 .1,923,354
Bad debts............................................................. :. 1,593,661 1,194,551 6,681,1 78 644,144 1,417,519 5,486,306 1,849,156 1,395.004
Raft paid on business property.............................. 3,087,473 2,289,366 17,883,773 9,431,757 3,477.668 35,887,007 7.590.901 5,716560
5,634,111 5,701,302 37.023,881 8.448,304 18.407,847 . 33,120,097 12,223,435 9.427.077
Taxes paid..............................................................
1
Interest paid............................................................ 13,272.803 13.6D4,218 41,376,422 5,143,367 22,506,036 29,279.026 12,486,128 10,667,553
Contributions or gifts.............................................. 226,118 225,046 649,686 115,531 261,353 . 810,167 352,006 .253 56
Amortization.............................................. ............ 773.226 521,386 4,745,8 90 261,669 904,803 2,169.506- 873.231 6671264
Depreciation........................................................... 16,256,905 16.681,131 71,562.779 10,737,812 30,490,753 30.597,104 12,660.356 9.762,212
Depletion ................................................................ 495 18.866 842,8 70 105,789 724,322 203.027 187,425 180.974
Advertising.............................................................. 3.159,453 - 3,345,418 5,185,1 24 757,467 -419,7 24,612,262 7,531.964 6,441.234
Pension, profit-sharing, stock bows,
and anwity plans ..................1 ...................................
.............................. 1,685,098 6.806;771 5,349,7 1,909,695 2.176.598 5,359,643 2,322,150 1,638,487
Employee benefit prograrns 5,772,357 11.770.431 18,062,8 5.913,088 4,121,572 14.564,240 4,709,592- 3,173,147
Net loss. noncePital assets..................................... .138.709 -20,769 1,629,5 70,458 586.682 i,027,728 606,620 503,802
Other deductions.................................................... 19,249,449 .20,791.751 122.327,2 33,038,716 33,454,616 119,459,078 46,591,797 35,727.674
Total receipts less total deductions............................ 23,299,931 9.759,453 9,143,601 25,091,277 54.716,250 21.872,246 .16,975,610
Constructive taxable income from related
foreign corporations...............................................
................... 1,504,604 7.244,515 886,300 124,190 124,016 1,434,455 1,037,136 1,017,535
Net Income.............................................. 24.136,578 '16,853.532 62,017.902 9.242J27 25,095,155. 54,718.707 22,733,069 17,843,216
Income subject to tax .................................................. ?1,750,101 13,601,056 56,798;1 57 7,881,437 23,093,222 48,022,906 19,687,133 15,381,122
Income tax, total ........................................................ 7,645,704 5,124,182 20,562,329 2.8il),172 8.575,098 16.232.420 6,611,094 5,207,801
Regular tax.............................................................. 7,560.500 4,751,687 19,664,873 2.627,183 8,047,246 15,677,476 6.391,073 5,011,981
Personal holdng company tax *161
Recapture of Investment credit........................
: .......................
....... 717 Is 14,370 10,867 *696 498 1696
Alternative minimum tax ...................... ...........1 48,450 351,321 796,544 182,475 482,901 .508,829 200,679 179,932
Environmental tax ................................. ................. 26.599 21.156 93,226 10,546 41,206 49,406 17,294 13,784
Foreign tax credit .......................................................
......... .......1 1,051,056 2.683,646 343,1 48 60,433 20,708 732,237 415,049 398,627
U.S. possessions tax credt...................... 1,010.851 12,577 82,567 15 22,269 2,186 2,058
Orphan drug credit......................................................
Nonconventional source fuel credit............................ 42 210,8 74 '31,343 162,349 57,070 57,022 '54,724
General business credit.............................................. 224.815 401,164 519.9 88 64.775 277.423 280,603 62.528 52,994
Prior year minimurn tax credit..................................... 253,133 84,267 657,8 25 78,025 220,736 128,958. 52,423 40,966
Total Income tax after credts..................................... 18,747,8 5 2,585,581 7.893,840 15.011,283 6.021,888 4.658,432
Footrates at end of table. Seetextfor*Explanationcl I arms- anti"05-.49 Te.s;r-~-.n LM.
- S.W.L.2.-d
". -4-~ Limitation of the Data."

94
 . Corporation Returns/1993
RETURNS WITH NET INCOME, OTHER THAV FORMS 1120S, 1120-REIT, AND 1120-RIC
Table 13-13alance Sheet, Income Statement, Tax, and Selected Other Items, by Selected Major Industries-Continued
(AN figms we estimates based on sarrple~money amounts are in thousands of dobn]
Industrial Divisions and Selected Majorindustries-Continued
Wholesale and retail trade-Cordinued
Retail trade
Item Automotive Wholesale
General dealers Eating and Miscellaneous and retail
Total merchandise Food stores and cbinldng retail trade not
stores service places stores allocable
stations
(24) 051 (26) L271 (28) L29) (30)
Number of returns, total. .......................................... 201.344 3,066 19.113 34,897 30,969 65.491 2,132
Total assets:.............................................................. 587.676.199 269.242.736 73.043,841 51.589.659 48.064,792 69,449,552 1,50.971
Cash .......................................................... ............ 28,124.674 7,733.156 5,054,880 3,878,108 2,462,231 4,956,660 291,505
Zes and accounts receivable .............................. 94,947,556 56.448.006 5,756,485 7,354,212 2.727,985 10.031.612 477,895
Less: Allowance for bad debts ...................... .... 2,949,312 1,888,286 50,631 112,669 110,605 437,285 -9.087
Inventories.............................................................. 137,505,201 42,634,343 15,894.870 26,085,462 1,263.023 26,283.494 329.298
Investments in Government obligations .................. 3,035,476 *2.460,679 274,760 -28,104 30.246 171,200
Tax-exempt securities............................ ............... 21,252,241 '20,577,511 . -8.182 -8.939 96,224
Other current assets............................................... 35,511,671 25,325,633 1,970,767 1,248,936 1,096.976 2,172,341 52,752
Loans to stockholders ............................................ 3,390,524 316,157 155,481 534,880 866,064 1,208,098
Mortgage and real estate loans .............................. 4,601,611 62,469 75,929 239,372 115,178
Other investments ................................................... 75.629,889 50,062,212 3,855.036 1,596,577 6,608,087 4,519,979 146,711-
Depreciable assets........... ................... - ........... 217,536,622 66,263,813 48,619.655 16,237,690 32.644,596 24,912,606 419.671
Less: Accumulated depreciation......................... 93,021,932 22,892,411 22.421.679 8,447,783 14,076,852 12.451.940 242,598
Depletable assets ................................................... 95,390 - *2,836 -11,656 -43.834
Less: Accumulated depletion............................ - 55,882 -2,392 -7.380 -37,096
Land ......................................................................... 22,087,674 7.260,385 4,237,282 1,861,974 4,862.294 1,570,332
Intangible assets (amortizable) .......................... ..... 15,505,284 2.936.G5i 1,903,352 603,928 3,146,258 4,381,530
Less: Accumulated amortization ...................... 3,532,854 322,098 410,045 232,404 787,141 1,226.951
Other assets............................ .............................. 28,012,365 8,667,858 7,669,863 867.854 6.879,041 3,139,736 45,829
Total Habilitles........................................................... 567,676,199 269.242,736 73,043,841 51,589.659 48.064,792 69,449,552 1,5",971
Accounts payable ................................................... .78.036.187 31,165.424 13,164,311 5,413,092 2.635,351 13,612,135 243,262
Mortgages, notes, and bonds payable in less
than one year ................................. ........... 56.338.214 20,496.448 4,615.611 20,507,674 1,670,434 3.971,898 99.029
Other current liabilities............................................ 78.032.874 47,668,486 8,722,565 3,243,639 3.836,662 6,895.595 94,949
Loans from stockholders........................................ 8,542,865 908,644 655,276 1,901,414 1,143.538 2,451,592 67.368
Mortgages, notes, and bonds payable In one
year or more....................................................... 103,443,412 42,990.286 18,174,869 6,777.012 13,516,249 10,445.691 338,969
Other liabilities........................................................ 67,703,580 44.785,920 8.351,900 920,890 8,091.347 3,294,617 39,298
Capital stock........................................................... 21,348,169 5.806,253 2,815,299 2.142.294 2,943,481 2,662,088 127,663
Paidwin or capital surplus ........................................ 61,734,254 29,077,516 4,916,265 2.005,053 7,181,637 10,511,831 168,104
Retained earnings, appropriated ............................ 387.772 *32,292 60,449 50,475 109,044
Retained earnings, unappropriated......................... 122,001.354 48,200,096 12,585,463 9,489,990 9.149,169 16,992,009 402.589
Less: Cost of treasury stock.................. ............... 9,892.483 1,888.629 11,018,166 861,874 2,337,275 1,496,948 '47,029
Total receipts............................................................ 1.132.516.878 291,797.197 238,350.318 199,770,260 72,579,0" 169,513.576 4,003.346
Business receipts ................................................... 1,097,290,979 276,562.270 234,019,072 196,515,168 67.829.599 166.325,773 3,903.255
Interest .................................................................... 11,095,528 7,044.724 334,439 759,736 969.665 641,587 36,746
Interest on Government obligations:
State and local.................................................... 1,257,574 1.131,950 37,879 3,609 11,431 24,503
Rents...................................................................... 2,923,031 1.304,733 689,048 174.838 383,863 170,158 -4,374
Royalties................................................................ 2,340,495 392,768 57,357 -3,035 829,495 416,217 56
Net short-term capital gain reduced by
net long-term capital loss................................ 228,402 -161,718 6,356 16,304 11,038 21,626 -7.919
Net long4erm capital gain reduced by
net short-term capital loss .................................. 1,256,475 410.128 95,879 87.737 211.907 123,392 *17,751
Net gain, noncapital assets .................................... 877,627 130.934 71,104 258,309 231,484 123.031
Dividends received from domestic corporations 347,627 192,635 37,878 7,157 12,655 16,348
Dividends received from foreign corporations 282,875 -58,178 *9,619 140 109,903 -1,699 994
Other receipts ......................................................... 14,616,265 4.06,960 2,991.687 1.944,228 1,978,003 1,649,241 30,203
Total deductions....................................................... 1.099.910.276 281.981,693 233.674.473 197.070,220 68,864,762 164,159,377 3,757,944
Cost of sales and operations................................. 775,536.056 187,956,942 177,044.150 166,662,715 28.125.950 113,212,500 2,702,571
Compensation of officers ........................................ 11.892,723 599,950 930.857 2,507,643 1.466.390 3,671,026 170,598
Salaries and wages.............................................. 114.441,169 31,782.965 24,026,965 10,189,928 14,086,127 16,967,294 303,930
Repairs............................................ :...................... 6.025,092 1,311.602 1,495,248 625,638 969,042 826,839 11,452
Bad debts ............................................................... 3,627,898 1,739,874 248,641 183.751 143,787 646,875 9.251
Rent paid on business property.............................. 28,248,375 6,930,578 4,249,390 1.994,879 3,794,866 5,065,856 47,730
Taxes paid... ........................................................... 20,836,026 5.672,409 3,731.138 2.438,503 2,823,048 3.016,317 60,636
Interest paid............................................................ 16,750,383 7,566,407 2,038,906 1,409,526 2,168.418 1,699,486 42.515
Contributions or gifts ................................ ............. 457,012 169,082 73.024 30,898 37,877 65.972 1,149
Amortization........................................................... 1,295.254 303,557 109.431 66,616 268,828 394,106 -1,021
Depreciation........................................................... 17,876.831 5,493,891 3.606.217 1,590,599 2,325,738 2,313.927 59,918
Depletion ................................................................ 15,602
Advertising .............................................................. 17,058,927 5,030.505 1,919,637 1,795,561 1,786,788 3,279,868 21,371
Pension, prolit-shering, stock bonus.
and annuity plans ................................................. 3,016.673 899,540 807,582 239,933 197,471 422,477 21,020
Ernployea benefit programs................................... 9,814,298 2,813,417 3,129,057 889,148 903,757 1,040,533 40,350
Net loss, noncepital assets.................................... 419,989 105,504 53,908 20,752 55,923 86,153 -1,119
Other deductions .................................................... 72,603,968 23,585,349 10,210.290 6,429.675 9.710,607 11.442.074 263,313
Total receipts less total deductions............................ 32,600,601 9,815,504 4,675.848 2.692.040 3.714,282 5.354.199 245,403
Constructive taxable Income from related
foreign corporations ........................................... 397,319 see *313 231,393 49,393
Net income ................................................................. 31.740.346 8,774.163 4.638,952 2,688,744 3,934,243 5,379,090 245,292
Income subject to tax .................................................. 28.105.142 7,691,877 4,383,779 2,059,595 3,436,966 4,725,168 230,631
Income tax, total -~ ...................................................... 9,546,273 2,909,071 1,504,262 623,121 1,133,468 1.486,878 75,054
Re"rhur ............................................................. 9,211,579 2.676,8iO 1,484,653 600,439 1,121,220 1,451,508 74,825
Personal holding company tax................................
Recapture of Investment credit............................... (1) (1)
Alternative minimum tax ....................... .................. 308.150 220,133 13,762 26,667 6,378 31,302
ErrAnonmental tax................................................... 31,883 12,069 5,624 682 3,718 4,082 229
Foreign tax credit.................... ... ............................... 316,362 '45,236 1,734 *38 241,392 14,468 626
U.S. possessions tax credit........................................ 20,082 14,639 3,128 942 1,604 69
Orphan drug credIt ......................................................
Nonconventional sounce fuel credit............................
General business credit.............................................. 218,077 51,978 49,117 6,874 73,415 15.497
Prior year rnmImum tax credit..................................... 76.535 -7.068 42,374 11,777 3,542 5,444
Total income tax after credts3 ................................... 1 8,915,168 2,790,105 1,407,907 603,790 813,514 1,451,397 74.228
Foomates at and of table. See text for ~Explanation of Terms' and 'Description of the Sample and Limitation of Me Data.'

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 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120S
Table 14-Balance Sheet and Income Statement, by Selected Major Industries
JAI figums am estimates based on sanvle~y anmads ane in thousands of dollars)

Industrial Divisions and Selected Major Industries

Mining Construction
General
Item All Agriculture, building
Industries forestry, Oil and gas contractors Special trade
and fishing Total extraction Total and contractors
operative
builders

(1) (2) L3) (4) (5) (6) (7)

Number of returns, total ................................... 1.901,505 64.764 16,645 12,962 192,495 80,086 105,782

Total assets....................................................... 870,298,964 25.904,714 13,876,252 8,682,413 73,885,115 37,289,438 25,249,734

Cash ............................................................... 83,607,463 2,110.767 1,467,876 751,191 10.017,063 4,485,833 3,744,120
Notes and accounts receivable................. .... 166,085,157 2.304.641 1,817,989 1,160,787 21,502,878 8,397.439 9,922,250
Less: Allowance for bad debts ................... 2.574.196 4.456 39,095 *4,878 103.077 15.752 68,913
Inventories ...................................................... 166.773,466 2,159,913 428,428 119,157 12.456,383 10,075,392 2,059,167
Investments in Government obligations 5,221,011 *53,808 290.488 -145,444 429.240 158,452 65,052
Tax-exempt securities .................................... 3,378.405 165.057 *90.751 '57,647 343,272 93.734 150,244
Other current assets ....................................... 47,428.761 703,190 336.581 269,966 7,908.803 4,772,640 2,035,186
Loans to stockholders............ *111111*111*11111*111-1 17,071.620 898,625 400,859 350,787 1,624.506 709,358 702,604
Mortgage and real estate loans...................... 12,272,233 286.462 -2,600 547,422 414.883 94,661
Other investments.......................................... 61,957,608 1,762.677 2,991,328 2,278,454 4.093.737 2,405,193 913,859
Depreciable assets........................................ 474,700,1150 22.102,922 8,846,899 3,617,368 33,120.900 8,203,240 15,094,735
Less: Accumulated depreciation ................ 249,794,516 13.156,634 5,701.596 2.191,051 21,748,602 4,627,671 10,352,900
Depletable assets .......................................... 4,687,851 173.371 3,259,085 2.992.909 105,558 *13,267 -

Less: Accumulated depletion..................... 1,971,604 38,588 1,494,095 1.403.042 25,459 12,590

Land............................................................... 45,611,048 5,768,459 651,249 243,508 2.139.451 1,390,582 401,798
Intangible assets (amortizable) ...................... 25,352,632 211,251 138,388 105,351 348.446 95,088 213,432
Less: Accumulated amortization ................ 12,146,258 87,753 64,075 52.947 185.334 42,047 119,706
Other assets ................................................... 22,438,133 691,001 452,590 241,760 1,311,927 762,396 394,145

Total liabilities................................................... 870,298,964 25,904,714 13,876,252 8,682,413 73,885,115 37,289,438 25,249,734

Accounts payable; .......................................... 114,098.675 1.156.599 1,201,389 844,378 14.788,187 7.925,176 4,977,794
Mortgages, notes, and bonds payable in less
than one year ............................................ 120,770,134 3.920,311 803,573 368,941 10,159,152 6.837.635 2,393,793
Other current liabilities................................... 71,185,560 935.475 1.084,579 613,907 9,322,232 4,917.917 3,397,810
Loans from stockholders................................ 100,063.976 5.375,942 1.714,600 1,239,312 5,724,497 3,592,304 1,725,112
Mortgages, notes, and bonds payable in one
year or more.............................................. 189,787,445 6,601,477 2,735,819 1,657,963 8.729,198 4,463.498 2,662,277
Other liabilities ............................................... 25,467,057 844,360 369,678 137.354 1.975,668 1,081.450 726,289
Capital stock .................................................. 44,235,721 3.439,748 745,920 572,912 2,012,090 740.737 907,552
Paid-in or capital surplus ................................ 87,640,329 6,205,720 3,581,054 2.883,421 3,528,075 1,901.006 1,222,793
Retained earnings, unappropriated ................ 131,159,615 -1,997,152 2.006,157 569,159 18,618.317 6,084.787 7,666,728
Less: Cost of treasury stock ........................... 14,109,546 577,766 366,519 204,934 972.302 255.072 430,414

Total receipts ............................... .................... 1,997,596,804 35,129,407 12,545,527 6,777,959 194,263,829 87,441,939 84,112,185
Business receipts........................................... 1,967.936,737 33,356,568 11,723,689 6.071,126 192,948,827 86,837.561 83,657,615
Interest on Government obligations:
State and local............................................. 397,781 11,035 10,245 7,089 46.573 16,192 15,393
Net gain, noncapital assets............................ 3,422,795 173,391 89,621 75,390 245,019 65,903 92,215
Other receipts ................................................. 25,839,491 1,588,413 721,972 624,354 1,023,411 522,284 346,961

Total deductions ............................................... 1,943,065,132 35,093,889 11,549,611 5,935,343 189,321,076 85,798,351 81,301,948
Cost of sales and operations......................... 1,296,129,266 16,351,902 5,092,030 2,170,475 147,592,651 73,436.717 56,777,416
Compensation of officers............................... 81,477,462 920,890 376,464 204,318 6,886,573 2.243.749 4,033,037
Salaries and wages ...................... ................. 174,338,319 2,753,891 1.155,082 676,706 8,1186,221 2,389.668 5,662,332
Repairs ........................................................... 12,241,755 801,524 249,010 120,703 896,623 198.238 449,151
Bad debts.................................................. 4,615,840 96,886 42,973 16,519 324,715 137,322 154.967
Rent paid on business property ..................... 39,464,151 1,079,595 232,108 162,165 1,614,607 395,175 1,049,982
Taxes paid .................................................. 43,075,069 800,972 527,089 248,499 4,0118,384 1,043,273 2.505.350
Interest paid .................................................... 20,511,607 752,526 300,304 186,367 1.272,342 602,898 484.625
Amortization................................................... 3,697,911 76,788 28.659 17,722 47,112 13,467 27,074
Depreciation ................................................... 33,795,087 1,566,796 687,038 317,587 2,744,464 598,114 1,327,230
Depletion........................................................ 249.912 -16,197 138,234 14,274 14.432 -1,170
Advertising...................................................... 19,618,590 141,527 17,617 8,727 564,997 235,681 307,462
Pension, profit-sharing, stock bonus,
and annuity plans ........................................ 6,924,578 55,272 39,374 14,3D8 768,244 227,567 443,710
Employee benefit programs........................... 15,307,833 275,037 266.832 53,699 1,354,901 337,692 884,246
Net loss, noncapital assets............................ 455,795 8.020 9.888 *6,633 9,355 3,520 3,296
Other deductions............................................ 191,161,958 7,396.067 2,386.909 1,716.640 12.325,454 3,934,100 7,192,069
Total receipts less total deductions.................... 54,531.e7l 35,517 995,918 842,615 4,942,753 1,643,588 2.810,238
Net income (less deficit), total............................ 54,133.890 24,483 985,671 835.526 4,896,181 1,627,396 2,794,844
Net income...................................................... 8e.743.917 1,831,346 1,484,330 1.124,498 7,428.265 2,947.901 3,831,684
Deficit.............................................................. 32,610.026 1,806,863 498,859 288,972 2,532.084 1,320,505 836,840
Income tax, total I ............................................... 80,469 *1,417 -830 *723 5.974 3,884 848
Footnotes at end of table. See text for "Explanation ofTernuin and"Description ofthe SanWle and Limitation of Ow Data.~

97
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120S
Table 14-Balance Sheet and Income Statement, by Selected Major Industries--Continued
JAN flipses am estimates based on samples-money amounts are in thousands of dollars)

Industrial Divisions and Selected Major Industries--Continued

Manufacturing

Item Apparel Rubberand Electrical

Food and and other Lumber Printing and miscellaneous Fabricated Machinery, and
Total kindred textile and wood publishing plastics metal except electronic
products products procduts products products electrical equipment

(8) (9) (10) (12) (13) (14) (15) (16)

Number of returns, total.................................. 127,046 7,146 7,983 7,420 24,726 4,909 18,389 7,467 9,335
Total assets ...................................................... 160,460,456 17,485,145 10,027,932 8,957,938 15,274,820 11,042,163 21,149,746 11,283,899 10,372,513
Cash .......................... % ................................... 13.408.997 1,335,362 717,176 701,462 1,443,241 720.631 1,829,158 1,193.544 992,560
Notes and accounts receivable ..................... 40,301.012 3,439,775 2,784.712 1,662,983 3,960.511 2,762,833 5,764,593 3.004,128 2,818,711
Less: Allowance for bad debts .................. 728,402 48,365 75,312 23,277 98,296 40.268 75.197 1 35.033 52,807
Inventories ..................................................... 36,746,339 3.736.294 3,624,999 2,439,695 1.438,386 2,073,210 4,643,113 3.013,449 2.876.999
Investments in Government obligations 1.065,019 171,374 '41,082 *37.935 107,944 *91,533 195.810. 76,508 '6S.CiO5
Tax-exempt securities .................................... 906,797 52,264 *3,636 *153.352 -43,975 169,495 '66,578 *92,643
Other current assets ...................................... 6,317,415 521,544 750,521 368.505 838,441 395,611 573.570 412,361 450,178
Loans to stockholders................................... 1,624,593 309,613 94,212 54,425 320,657 92,029 151,798 109,344 107,934
Mortgage and real estate loans..................... 260.618 27,509 *28,297 *25,193 55,217 *478 *40,619 *12.385 *8,586
Other investments.................................. : 8,282,183 886,562 318,074 445,506 910,881 823,801 1,003,818 535,360' 508,796
Depreciable assets ......................................... 1 D3,634,528 13,150.409 3,371,469 5,657,579 11.522,507 8,126,327 15,709,213 6,489,982 5,155,427
Less: Accumulated depreciation ............... 59,964,436 7,164,960 1,926,179 3,453,479 6.703,811 4,446,256 9,743,081 .4,113,605 3,073,885
Depletable assets .......................................... 6156.1147 *5,045 500,579 *1,151 *1 4,220
Less: Accumulated depletion .................... 128,781 - *49,935 *1 2,545 *763 *4,329
Land..................................... ......................... 2,869,088 473,403 49.208 305,795 256,409 163.522 349,298 169,933 182,495
Intangible assets (amortizable) ...................... 4,116,204 506,247 195,283 103,270 1,108,744 161,435 388,498 284,271 206,377
-Less:.Accumulated amortization ............... 1,855,072 .190.453 - 85,692 55,484 514,388 112,160 168,410 99,658 86.461
Other assets .................................................. 2,918,207 273,521 136,446 M7,187 475,053 185,461 317,064 154,461 119,387

Total liabilities ........................ 160,460,456 17,485,145 10,027,932 8,957,938 15,274,820 1,042,163 21,149,746 11,283,899 10,372:513
Accounts payable................ 22.551,402 2,515,911 1,614,987 1,166,018 1,844,353 1.603,835 2,984,012 1,534,476 1,356.017
Mortgages, notes, and bonds payable in les-~
than one year.. .................................. 17,127,724 1,801,047 1,547,397 1,287,395 1,385.455 1.125,242 2,227,301 1,190,525 1,116.125
'Other current liabilities................................... 12,988,307 1,102,037 859,500, 696,532 1,893.571 773,830 1,491,114 1,069,551 1,119,206
Loans from stockholders ........................... 9,922,559 944,688 873,937 793,923 1,207,057 396,147 1,387,281 724,925 706.094
Mortgages, notes, and bonds payable in one
year or more .............................................. 25,712.686 3,009,219 1,125,540 1,217,060 3,450,528 2,402.125 3,238,200 1,316,661 1,309.737
Other liabilities................................ .............. 3,584,829 310,770 274,040 134,440 767,949 180,142 362.818 221,208 355,852
Capital stock.................................................. 6,013,465 640.819 346,779 336,841 518,381 312,835 604.274 374,827 913,269
Paid-in or capital surplus............................... 8,487,550 816,228 669,689 672.857 1,132,259 437,735 729,474 554,883 477,483
Retained earnings, unappropriated..: ............ 57,460,066 6,700,657 3.164,436 2,738,985 3,477,894 3,92i,739 8,573,116 4,580,029 3,281.*863
Less: Cost of treasury stock.......................... 3,388,132 356,231 448,372 1 86,112 402,629 111,468 447,844 283,186 20, 131

Total receipts .................................................... 352,827,742 48,549,603 25,818,731 21,173,165 31.325,619 20,998,597 43,684,485 20,378,274 21,741,947
Business receipts ............. ...............: ............ 349,743.410 48,197,788 25.433,96~ 20,975,289 30,872,459 20,692,637 43,358,650 20.182,530 21,597,793
Interest on Government obligations:
State and local ....................................... 93,072 8.637 6,082 2.262 13,667 6,594 9,481 7,083 5,364
Net gain, noncapital assets ........................... 538,615 74.040 29,245 56,749 59,954 34,425 49,677 33,848 23.134
Other receipts ................................................ 2,452,644 269,137 349,440 138,864 379,539 64,941 266,677 154,813 115.657

Total deductions .............................................. 336,615,339 46,697,179 24,939,238 20,191,452 30,183,840 19,755,965 41,578,507 19,326,718 20.399,217
Cost of sales and operations......................... 242,727,829 36,515,705 18,307,274 16,029,684 16.667,D69 14,385,517 30,365,826 13,267,931 13,660,159
Compensation of officers ............................... 12,565.851 801,267 1.029,276 552,334 1,572,318 730,559 1,971,V7 946,672 1,019,908
Salaries and wages ....................................... 20,578,859 2,261,643 1,516,918 841,017 3.451,177 972,235 2,178.124 1,422.624 1,756,638
Repairs .......................................................... 1.520,814 216,334 65,834 166,673 170,174 86,631 173,857 68.131 66,276
Bad debts...................................................... 889,713 65,261 85,957 22,314 161.111 7,371 102,201 41,966 48,806
Rent paid an business property ..................... 3,475.876 259,761 365,636 151,823 570.589 148.462 381,565 194,329 261,150
Taxes paid ............................ : ........................ 7,483,438 725,654 582,539 380,110 892.5i 5 480,189 1.095.443 542,961 494,466
Interest paid ................................................... 3,608.972 394,875 286,414 11 94,876 413,683 271,891 482.275 239.837 191,653
Amortization................................................... 558,015 54,931 22,684 19,555 113,874 27,760 57,307 28,917 44,410
Depreciation ............................................ 7,969,665 949,518 278,733 455,963 923,420 667,461 1,129,280 458,302 433,313
Depletion ....................................................... 52,214 412 -3 *31,994 *21 - *105 82
Advertising................................... : ................. 3,289,631 845,813 270,950 76.611 386,712 126,974 220,103 141,325 210,787
Pension, profit-sharing, stock bonus,
and annuity plans ....................................... 1,524,146 150,870 90,723 52,047 164.893 100.293 223,397 120,438 103,348
Employee benefit programs.......................... 4,310,437 445,583 232,943 158,734 447,237 311.D50 702,763 395,912 277,747
Net loss, noncapital assets ........................... 62.606 5,516 *385 *a4O 30,017 803 2,158 1,942 2,562
Other deductions........................................... 25,997.273 3,004,037 1.802.969 1,056,857 4,219,030 1,398,767 2,492,824 1,455.433 1,825.912
Total receipts less total deductions................... 16,212.403 1.852.424 879.492 981.713 1.141,779 1.242,632 2,105,978 1,051,555 1,U2,730
Net income (less deficit), total........................... 16.119,330 1.843,786 873,411 979.451 1,128,112 1.236,038 2,096,497 1,044,472 1,337.i66
Net income ..................................................... 20.265,499 2,131,929 1,210.859 1.193.060 1,771,473 1,445,272 2,506,009 1,337,448 1,621,127
D~ficit.............................................................. 4,146,168 288,143 337,448 213,609 643.361 209.234 409,512 292.975 283,761
Income tax, total I .............................................. 17.117 1,352 *10 *6W -1,092 *515 1,638 1,180 -1,149
Footnotes at end of table. See test fo, *Explanation of Terms' and "Description of the Sample and Urnitation of the Data."

98
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120S
Table 14-Balance Sheet and Income Statement, by Selected Major Industries-Continued
(AN figures am estimates based on samples-money amounts are in th~sands of do0am)

Industrial Divisions and Selected Major Industries--Continued

Transportation Wholesale and retail trade
and public utiliti s Wholesale trade Retail trade
Item Automotive
Miscellaneous dealers Eating and Miscellane us
Total Transportation Total Total wholesale Total and drinking retail
trade service places stores
stations

071 (18) (19) (20) (21) (22) (23) (24) (25)

Number of returns, total .................................. 76,855 61,218 497,321 134,517 104,883 360,544 48,103 99,348 118,218
Total assets...................................................... 39,283,927 25,794,574 272,690,248 122,274,673 98,718,188 149,598,790 58,450,027 20,193,079 32,472,260
Cash ............................ __ .............................. 3,085,192 2,079.011 24,928.445 10,527,557 8,611,835 14,288,761 4,132,518 2,511,299 3,827,997
Notes and accounts receivable..................... 7,2158,107 4.898,407 57,524,989 38,698,436 31,349,222 18,627,924 7,365,738 695,347 5,498,947
Less: Allowance for bad debts .................. 111.315 54,996 877,146 618,413 510.717 257,724 82,821 *2,125 90,919
Inventories..................................................... 683.251 536,263 100.487,229 39.991.221 32,196,688 60,323,542 32,697,816 941.070 12,451,615
Investments in Government obligations 153,731 38,502 735,576 492,951 431,797 242,625 105,578 '29,274 *37.804
Tax-exempt securities................. .................. 145,359 106,486 590,049 367,880 289,733 222,169 35,155 *20,103 *80,272
Other current assets ...................................... 2,310,829 1,597,258 9,141,603 4,416,603 3,641,162 4.690,038 1.3150.034 703.701 1,246,368
Loans to stockholders................................... 769.466 428,779 3,547,175 1,457,619 1,218,292 2,064,793 678.670 562.550 367.114
Mortgage and real estate loans ..................... 123,970 105.473 827.908 294,620 229,314 526,700 111,449 106,808 92,294
Other investments ................................... 2,718,367 1,240.263 10,563,563 5,872,641 4,988,997 4,683,903 1,185,708 920,186 986,208
Depreciable assets ........................................ 37,062,261 26,841.602 109,081.503 38,024,961 29.644,997 70,797,221 16,449,916 21,450,303 13.580,720
Less: Accumulated depreciation ............... 19.659,768 14,026,652 60.018,490 22,254,633 17.463.813 37,624,581 8,547,130 11,047.571 7,771,783
Depletable assets.......................................... *40,552 *37.229 250,014 76,298 *76.151 173,716 *23,268 *28,682 '32,347
Less: Accumulated depletion.................... -19,677 *19,064 119,514 -57,401 *57.342 62,113 *1,268 *13,362 -7,115
Land ............................................................... 1,067,532 682,412 6,600,197 1,913,446 1,593.880 4,685,622 1,674,172 1,134,012 664,144
Intangible assets (amortizable) ...................... 3,506.586 822,072 7,792,492 2.251.395 1,785,589 5,434.316 857,848 2,230,757 1,250,480
Less: Accumulated amortization .......... 1,437,707 350,706 3,620,179 1.048.427 841,836 2,537,346 431,466 958,434 644,673
Other assets.................................................. 1,557,190 832,237 5,254,835 1,867,921 1,534,237 3,319,226 814,843 880,478 870.441

Total liabilities .................................................. 39,283,927 25,794,574 272,690,248 122,274,673 98,718,188 149,598,790 58,450,027 20,193,079 32,472,260
Accounts payable ........................... .............. 4.399,719 2,857,838 50,893,349 29,838,507 24.116.240 20,868,940 4,694,677 2,009,577 6,929,300
Mortgages, notes, and bonds payable in less
than one year............................................. 4,063,078 2,719,582 53,838,843 17,891,887 14,450,934 35,767,172 27,574,823 1,566,215 3,151,039
Other current liabilities................................... 3,202,302 1,999,612 18,656,542 7,943,120 6,415,578 10,616,724 3,539,198 1,821,536 2,486,340
Loans from stockholders ............. ................. 5,059,565 3,247,450 27.062,630 8,561,006 7,044,233 18,353,199 4,560,070 4.753.430 4,955.510
Mortgages, notes, and bonds payable in one
year or more.............................................. 13,574,626 7,887.970 39,455.207 13,119,4G6 10,211,789 26,293,532 7,118,274 6,957,804 4,987,974
Other liabilities ............................................... 1.769,735 760,248 3,789,790 1,680,562 1,494,091 2,100,296 569,235 428,436 429,590
Capital stock .................................................. 2.038,833 1,426,648 12,032,369 3,695,172 3,077,473 8,259,006 2,787,244 1,717,228 1,843,192
Paid-in or capital surplus............................... 4.964,318 3.568,440 18,377,307 6.115.436 5,015,784 12,243,665 4,622.552 2,251.458 2,404.357
Retained earnings, unappropriated ............... 900,729 1,760,048 53,131,172 35,813.793 28,734,491 17,259,002 3,693.722 -900,822 5,753,425
Less: Cost of treasury stock.......................... 688,977 433,261 4,546,960 2,384,215 1,842,426 2,162,745 709.768 411,784 468,466

Total receipts .................................................... 78,223,735 60,397,958 969,967,843 413,543,134 329,266,682 554,556,201 270,489,462 59,548,043 95,136,825
Business receipts...................... ................... 76,781,163 59,459,185 959,501,215 410,165,417 326,732.987 547,542,129 266,584,066 59,010,472 94.098,718
Interest on Government obligations:
State and local ........................................ 19,064 13,680 79,667 50,004 42,981 29.228 4,118 2,203 12.016
Net gain, noncapital assets........................... 472.178 302,177 763,610 271,822 163,203 491.526 216,227 81,783 108,819
Other receipts................................................ 951,329 622.916 9,623,352 3,055,891 2,327,512 6,493,318 3,685.051 453.586 917,272

Total deductions.............................................. 76,742,991 59,244,584 954,963,673 405,069,127 322,494,739 548,046,526 268,333,156 58,918,294 93,389,351
Cost of sales and operations ......................... 35,165,745 27,956,342 740,088,522 328,422,701 261,094,961 410,495,186 232.338.115 24,052,457 63,132,964
Compensation of officers............................... 2,350,192 1,660,431 21,523,099 10,633,270 8,496,7a4 10,799,357 2,927,365 1,948,882 3,215,650
Salaries and wages ................................... 9,877,649 7,718,248 67,202,249 22,494,319 17,960,187 44,503,635 12,423,578 11,061,451 8,659,149
Repairs............................... .......................... 1,421,410 1,134,952 4,200,311 1,345,295 1,038,095 2,846,766 654,645 990,185 419,844
Bad debts ...................................................... 296,680 111,545 1,714.840 966.249 799,467 744.088 238,008 38.167 233,585
Rent paid on business property..................... 2,330,157 2,021,861 17,437,174 3.853.860 3,134,386 13,529,483 2.725,148 3.1588,696 3,162.228
Taxes paid.......... .......................................... 2,630,326 2,021.572 14,407,939 5.289,978 4.441,482 9,085,969 2,414,868 2,556,370 1,730,861
Interest paid................................................... 1,418,911 789.305 6,663,967 2.527,375 2,044.246 4,116,714 1.677,028 806,888 733,610
Amortization ................................................... 379,964 99,782 964,079 320,804 260,398 636,418 127,239 208,391 170,251
Depreciation.................................................. 3,573,944 2,647,104 8.644,154 3,072,969 2,383,461 5,541,278 1,379,941 1,541,355 1.162,530
Depletion ....................................................... *796 - 7.078 *3.221 *3,166 *3,857 -
-7 *705
Advertising ..................................................... 424,432 252.656 10,557.334 2,014,364 11,682,272 8,524,121 2.576,533 1,803,909 1,835,601
Pension, profit-sharing, stock bonus,
and annuity plans....................................... 232,831 185,491 1,697,411 1,042,318 822,851 648,427 138,825 46,064 234.944
Employee benefit programs .......................... 957,098 785,583 4.310.309 1,693,779 1,322,512 2,601.835 991.070 366.993 450.649
Net loss, noncapital assets........................... 28,878 28,582 158.400 65.707 45,860 92,608 5,648 64,283 15,535
Other deductions ........................................... 15,653.979 11,831.130 55,386.808 21,322,919 16,964,613 33,876,784 7,715,138 9,543,496 8,231,950
Total receipts less total deductions ................... 1,480,744 1,153,374 15,004,171 8,474,007 6,771,943 6.509,675 2,156,306 629,749 1.747,474
Net income (less deficit), total ........................... 1,461,680 1.139,694 14,924,503 8,424,OG4 6,728,962 6,480,447 2,152,188 627,547 1.735,458
Net income..................................................... 3,709,079 2,319,709 23,463,533 11,150,313 8,987,931 12,260,749 3,154,642 2.218.314 3,433.676
Deficit.............................................................. 2,247,399 1,180,016 8,539,030 2.726.310 2,238,968 5,780,302 1,002,454 1,590,767 1,698,218
Income tax, total I ................... ... 2.397 1,628 25,676 9,638 8,097 16,0381 4.110 -1141 3,596
-
Fooftxrtes at and of table. See text
* for
* " "lExplarration
- " -'-' of Tenms~ and "Description of the Sample and Litnitation of the Oate.~

99
 Corporation Retums/1993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120S
Table 14-Balance Sheet and Income Statement, by Selected Major Industries--Continued
JAI i1gures ane estimates based on samples-money amourts arein tl~ousands of dollars)

Industrial Divisions and Selected Major Industries-Continued

Finance, insurance, and real estate Services

Item Insurance Nature of

Total agents, Real Total Business Other business

brokers, and estate services services not allocable

service

(26) (27) (28) (29) (30) (31) (32)

Number of retums, total ................................... 286,428 32,405 215,191 634,555 188,144 2W,280 5,395

Toial'assets;.................. 158,740,491 7,20i,207 112,195,508 124,888,291 38,944,501 37,606,763 569,470

Cash .................................. 11~379,781 2,361.338 5,710,005 17,137.213 6,188,484 6,357,530 72,129

.
Notes and accounts recent able...................... 15,249.531 1,876.134 5,399,308 20.079,712 9.167,142 7.638,709 *16,298

Less: Allowance for bad debts ................... 276898 10,835 9.1183.927 433.808 117,441 26e,198

Inventories ...................................................... 9,143:615 - 17,879 4,571,333 1.402,427 882,494 96.975

Investments in Government obligations 2,174,980 *12 273,797 318.169 142.431 102.928

Tax-exempt securities .................................... 744.365 -25,437 178,688 ~392,754 197.305 104,374

Other current assets ....................................... 13,853,202 407,747 8,466,218 6.788,654 2.738.584 2,262,644 *6.8.484

Loans to stockholders.................................... 4.268,676 401,043 2,643,745 4,`118,057 1,428.D51 1,643,007, '21,662

9,385,504 71.287 4,225,383 835,222 286,845 211,643 -2,528

Mortgage and real estate loans......................
Other investments.......................................... 22,211,395 578,007 10,326,624 9.224,558 3,895,043 2.819,945 *109,799.

Depreciable assets ......................................... 63,311.418 2,096.529 58,754,822 97,344,493 23.274,157 27.035.908 195,224

Less: Accumulated depreciation ................ 19,427.322 1.308,964 17,112,909, 50,029,896 12.977,471 14,530,028 87,772

Depletable assets .......................................... 245,019 '12,105 128,103 128,108 -60,488 -51,271

Less: Accumulated depletion ..................... 100,477 -4,262 35,352 45,014 -5,693 -31,723

Land:.................................................. :........... 20.246,950 72.105 19,602,472 6,208,896 818.018 1,077,114 '59,227

Intangible assets (amortizable)...................... 2,428,702 749.098 1,362.001 6,811.918 1,460,239 1,830,767 *645

Less: Accumulated amortization ................ 1,150,729 443, 706 544,446 3,745,291 595,916 800,847 *118

Other assets................................................... 5,054.780 316,133 3,883,098 5,183,213 .1.581,808. 1,817.222 14,391

Total liabilities ............................ ...................... 158,740,491 7,201,207 112,195,508 124,SU,291 38,944,501 37,606,763 569,470

Accounts payable :................................. 7.961,606 2,678,746 2.605,726 11,095,848 5,436,072 2,662,253 50,576

Mortgages, notes, and bonds payable in less

than one year.......... .................................. 18,224,108 348.943 10,621,938 12,584,525 4.071,744 3,957,424 *48,818.

Other current liabilities................................... 11,536.490 1.073,371 5,100,867 13,438,363 4,711,290 4,857,568 -23,271

Loans from stockholders................................ 22,963.197 646,757 19,047,607 22,142,838 6,143,791 5,503.566 98,149

Mortgages, notes, and bonds payable in one

57.556,544 834,039 51.112,700 35.377,135 7,457,820 10,142,211 *44,754
year or more ...............................................
Other liabilities ........................................... ... 7.179,406 167.336 4,84,713 5,828,725 1,929,977, 1,769,316 *124,865

Capital stock......................... :................... q 9,770,197 218,261 7,346.749 8,173.637 2,177,158 2,230,553 9.462

Paid-in or capital surplus ................................ 26,146,041 396,532 18,763,205 16,250.629 5,012,396 4,555,242 99,634

Retained earnings, unappropriated................ -988,684 1.116,813 -6,278,131 1,959,064 2,492.258 2.617,847 69,945

Leis: Cost of treasury stock. .......................... 1,608.413 279,590 971.866 1,960,473 488,005 689,218 4

Total receipts .................................................... 64,830,031 12,531,576 36,917,052 289,074,655 102,013,570 734,035

Business receipts ..................... ........... 60.202,331 12,346,500 35,271,733 282,982,432 99.998,937 108.248.905 697,102

1 ntererst on Government obligations:

State and local ............ ................................ 81,019 8,081 20,396 57,106 31,668 18,709
Nei gain, noncapital assets............................ 437,073 5,041 210,998 703,288 202,657 64,723
Other receipts.......................... ...................... 4,109,608 171.953 1,413,92b 5,331.8W 1,780,307 2,252,832. *36.932,

Total deductions............................................ W.. 61,618,462 11,374,876 36,248it5i 276,434,812, 97,315,643 104,481,839 725,280
Cost of sales and operations ......................... 18,773,128 2,467,193 15.151.380 87,988,703 42,898,014 19,751,220 348,756

Compensation of officers............... : ........... 7,234.776 .1,795,074 2,396.333 29,5W,176 7,936.169 17,132,394 '31.441

Salaries and wages ........................................ 9.772,3i6 2,278,271 4,311.052 54,027,958 16,790,992 24,550,944 84,033

Repairs............................................... 367,078 73,846 240,231 2,780,233 605.476 860,594 4.752, .

Bad debts....................................................... 486,842 39,668. 334,772 761,007 297.993 312,106 -1,585

Rent paid on business property ..................... 1.674,014 436,583 837,753 11.576,982 2,776.972 4,826,272 43,638

Taxes paid .......... 1,739,597 362,329 931,790 11.453,548 3.516,785 4,401.802 13,776
-- --* * ...............
Interest paid ............................................. 2,331,2D4 118,743 1,313,106 4.155,731 875,745 1.267.642 -7,650

Amortizabon .............................................. 305,888 68.465 177,960 1,336.652, 257,798 255.164 *757

Depreciation ................................................... 786,441 150.651 472,345 7,811,057 2,101,262 1,993,828 11,528

Depletion ........................................................ -13,660 -13,621 -7.301 *172 -6,550

Advertising ........................................... 908,503 134,407 630.560 3,686,797 1,131,664 1,045,457 27,752-

Pension, profit-sharing, stock bonus,

and annuity plans ................................... 396,433 135,360 131,067 2,207,681 599,&-)4 1,401,030 -2,986

Employee benefit programs.:............ :............ 477,342 168,383 200,919 3,354,809 1,131,079 1,509,046 -i,068

Net loss, noncapital assets............................ 91,967 *1.664 81,130 86,661 .. 20,338 15,279

Other deductions ............................................ 16,259,196 3,150.237 g.D24,132 55,610,716 16,375,333 25,152,512 145,555

Total receipts less total deductions .................... 3,211,569 1.156.699 668,901 12,639,843 4,697,926 6,103,329 8.755

Net income (less deficit), total ............................ 3,130.550 1,148,619 648,505 12,582,738 4,666,258 6,084,620 8,755

Net income ................................... 8,099,133 1,365,274 4,238,496 20,405,218 7,041,091 8,560,999 57,513
:,** ............ -
Deficit ............................................................. 4,968,583 216,656 3,589,991 7,822.480 2,374,832 2,476.378 48,759

Income tax, total ................................. 9,497 .220 7,471 17,562 4,605 11,742
should be used vAth caution because of the small number of sample returns on hich it is based.
Also includes excess net passive income tax (Form 11 20S), and adiustments to income tax and to total Im *"ch are not sho" separately.
NOTE: Detail my not add to total because of rounding. Sea text for "Explanation of Tenms~ and "Description of the Saff4ge and Urnitations, of the Date.'

100
 Corporation Returns/1993
RETURNS WITH NET INCOME, FORM 1120S
Table 15-Balance Sheet and Income Statement by Selected Major Ind6stries
[All figures are estimates based on samples.-money am-ts are in thousands of dollar.]

Industrial Divisions and Selected Major Industries

Mining Construction
General
Item All Agriculture, building
Industries forestry, Oil and gas contractors Special trade
and fishing Total extraction Total and contractors
operatwe
builders

01, (2) (3) (4) (5) (6) 0)

Number of returns, total ................................. 1,015,324 33,807 7,585 6,793 124,314 47,009 72,956
Total assets .................................................. 563,499,716 13,172,123 9,963,885'. 6,568,393 50,870,871 24,276,938 18,884,884
Cash ........................................................ 62,730,207 1,458,730 1,178,591 584,549 7,673,424 3,276,011 3,000,018
Notes and accounts receivable .................... 126,941,475 1,358,896 1,293,372 888,01 15,565,.895 5,794,238 7,530,280
Less: Allowance for bad debts ................. .1,789,547 3,292 7,505 -4,878 70,955 9,647 52,688
Inventories ................................................ 124,475,701 1,283,653 244,312. 81,627 8,662,203 6,850,327 1,608,380
Investments in Government obligations ........ 3,669,138 -246,744 -101,700 322,234 94,081 *56,534
Tax-exempt securities................................. 2,253,157 107,555 -34,576 175,587 *36,215 *91,559
Other current assets .................................... 28,818,427 437,812 219,489. 175,505 5,000,703 3,030,152 1,279,030
Loans to stockholders ................................ 9,486,339 442,701 294,509- 261,752 972, 589 340,393 508,832
Mortgage and real estate loans .................... 6,363,369 152,032 - 318,284 210,132 79,845
Other investments ...................................... 35,553,144 9215,821 2,204,042 1,741,004 2,543,105 1,477,301 685,078
Depreciable assets..................................... 292,230,051 11,000,010 6,037,254 2,620,978 22,572,874 4,916,808 10,979,383
Less: Accumulated depreciation.............. 167,467,812 6,867,720 3,837,878 1,518,317 14,993,333 2,836,522 7,514,553
Depletable assets ....................................... 3,427,503 '24,396 2,439,348 2,269,870 96,031 13,267
Less: Accumulated depletion ................... 1,339,281 '67 1,064,377 992,515 20,496 *2,590
Land ........................................................ 18,220,489 2,337,115 307,373 94,095 1,201,944 673,612 287,993
Intangible assets (amortizable) ..................... 14,133,379 110,376 104,542 84,8W 204,172 41,622 143,941
Less: Accumulated amortization .............. 7,464,417 31,800 50,538 43,827 134,451 25,745 96,928
Other assets .............................................. 13,258,395 375,957 305,874 188,479 781,1061 397,280 278,179

Total liabilities.... .......... 563,499,716 13,172,123 9,963,885 6,568,393 50,870,871 24,276,938 18,864,884
Accounts payable ..................................... 81,141,393 765,732 740,605 522,7,93 10,230,261 5,487,703 3,469,774
Mortgages, notes, and bonds payable in less
then one year ........................................ 77,029,515 1,899,203 499,245 293,360 6,194,129 4,164,277 1,552,991
Other current liabilities ................................ 47,589,760 553,620 834,968 451,597 5,906;394 3,023,513 2,258,880
Loans from stockholders ............................. 33,334,984 906,853 581,981' 543,870 2,420,081 1,222,084 945,848
Mortgages, notes, and bonds payable in one
year or more .......................................... 89,406,135 2,773,348 1,766,716. 1,133,310 5,227,045 2,428,198 1,855,636
Other liabilities .......................................... 12,212,573 420,278 128,409 24,1'27 1,193,173 677,372 422,748
Capital stock ............................................. 20,389,104 1,628,251 292,170 246,442 1,287,039 418,808 642,636
Paid-in or capital surplus ............................. 29,640,617 998,482 1,452,458 1,365,514 1,755,867 816,046 731,238
Retained earnings, unappropriated ............... 182,210,524 3,507,722 3,942,735 2,182,746 17,328,439 6,147,675 7,334,055
Less: Cost of treasury stock........................ 9,454,888 281,368 275,402 195,365 671,556 108,739 348,920

Total receipts ................................................ 1,556,459,539 22,610,581 9,655,976- 5,540,767 146,854,927 66,565.981 63,740,046
Business receipts....................................... 1,533,287,852 21,567,372 9,103,414 5,070,0k 145,913,340 66,086,558 63,416,705
Interest on Government obligations:
State and local ........................................ 259,791 8,133 .3,636 3,013 29,334 10,995 9,055
Not gain, noncapital assets ......................... 2,370,350 89,567 73,796 64,318 169,385 45,487 67,750
Other receipts ............................................ 20,541,546 945,508 .475.13 1 403,385 742,868 422,941 246,536

Total deductions ............................................ 1,469,455,831 20,771,102 8,168,009 4,413,255 139,397,328 63,607,085 60,099,307
Cost of sales and operations....................... 1,006,326,700 11,493,800 3,775,861 1,680,474 109,295,026 55,144,515 41,755,263
Compensation of officers ............................ 60,895,044 664,291 297,811 159,459 4,961,253 1,552,614 2,998,871
Salaries and wages.................................... 128,884,457 1,708,410 927,483. 614,892 6,547,122 1,632,812 4,314,867
Repairs ..................................................... 8,582,352 456,128 182,310 106,880 680,632 145,115 354,671
Bad debts................................................. 2,717,850 27,745 23,133 14,047 188,512 80,721 89,624
Rent paid on business property .................... 27,273,082 628,615 184,181, 150,089 1,134,911 278,411 755,525
Taxes paid ................................................ 31,327,835 445,938 367,577 212,830 2,917,430 752,606 1,823,152
Interest paid .......... : ................................... 12,398,105 366,676 196,203 136,381 759,357 323,845 333,773
Amortization ............................................. 2,101,618 49,328 19,510 12,852 31,032 8,465 19,232
Depreciation .............................................. 22,698,523 771,537 468,641. 249,854 1,929,228 400,331 968,589
Depletion .................................................. 208,755 125,948 -13,058 13,601 -1,170 -
Advertising ............................................... 14,681,479 109,128 12,327 7,971 427,974 171,811 239,032
Pension, profit-sharing, stock bonus,
and annuity plans ................................... 5,320,635 33,720 28,594 11,567 563,105 132,816 352,615
Employee benefit programs .......................... 11,568,625 181,641 199,151 49,133 981,700 254,874 647,768
Net loss, noncapital assets ........................... 136,556 *4,088 4,624 1,054 3,266
Other deductions ........................................ 134,334,215 3,830,553 1,354,169 989,678 8,961,822 2,725,925 5,443,060
Total receipts less total deductions .................. 8:7,003,707 1,839,479 1,487,966. 1,127,511 7,457,599 2,958,896 3,640,739
Net income ............................................... ... 86,743,917 1,831,346 1,484,330 1,124,498 7,428,265 2,947,901 3,631,684
Income tax, total - ................................ IL"" 64,505 *984 *636 *634 5,625 3,690 848
Footnotes at and of table. See text for 'Explanation of Terms" and "Description of the Sample and Limitation of the Data."

101
 Corpor6tion Returns/1993
RETURNS WITH NET INCOMEE, FORM 1120S
Table 15-Balance Sheet and Income Statement by Selected. Major Ifiduitries-Continued
(All figures are estimates based on 3aMPl03--mCrVrY amOelntS See in thousands of dollars]

Industrial Divisions and Selected Major Industries--Cbntinued

Manufacturing

Item Apparel Rubberand Electrical

Food,and and other Lumber Printing and miscellaneous Fabricated Machinery, and
Total kindred textile and wood publishing plastics metal except electronic
products products prcr~ucts products products electrical equipment

.118) (9) (10), 0 1) (12) (13) (14) (15) (16)

Number of returns, total ................................. 73,452 4,696 . 4,184 4,664 12,878 3,322 10,872 5,785 4,632
1
Total assets ................................................... A 2g,075,054 14,052,233 7,897,962 7,082.1 83 11,851,989 9,477,669 17,338,451 9,065,142 8,661,123
Cash..................................................... 111,213,761 1,168,512 1 627,712 581,140 1,018,434 638,711 1,527,123 1,020,909 842,149
Notes and accounts receivable.................* .. 33,474,519 2,792,096 2,254,283 1,310,479 3,224,629 .2,455,558 4,817,016 2,457,658 2,473,833
Less: Allowance for bad debts.............t... 593,818 34,862 58,768 21,886 84,396 33,566 64,614 27,970 .46,935
Inventories ............................................ ... 29,617,482 3,016,279 2,827,692 2,070,430 1,149,024 1,769,815 3,814,693 2,420,479 2,406,036
Investments in Government obligations 934,877 -146,372 - -411,0'g2 16,261 *98,397 -75,223 195,810 -44,122 -38,175
Tax-exempt securities ............................ 811,688 '52,i64 'i,636 - 1 23,Oig -43,975 167,235 '66,578
Other current assets ..... : ......................... ... 5,011,906 43~,902 564,795 284,641 673,709 365,887 448,395 320,910 314,865
Loans to stockholders ................................ 1,053,622 -169,502 69,773 42,159 191,256 56,049 120,428 60,785 69,799
Mortgage and real estate loans .................... 188,633 'i8,012 *13,712 *24,588 *41,191 . *356 *40,619 -12,385 *8,586
Other investments ....... 63JI9,5116 696,625 204,~33 360,1 i3l 704,818 7 26,111 860,561 388,305 362,451
.......
Depreciable assets....... ............................. 81,675,183 10,387,584 2,607,823 4,393,924 9,014,040 6,777,689 12,553,319 5,047;216 4,180,888
Less: Accumulated depreciation .............. 47,636,832 5,648,588 1,486;964 2,731,866 5,352,804 3,736,016 7,831,776 3,181,792 2,431,395
Depletable assets............. : .......................... 514,155 - 349,514 *398 14,220 2,000
Less: Accumulated depletion ............... 106,610 *33,734 *12,516 *386 '4,329 1,613
Land ........................................................ 2,329,196 3i3,034 40,790 222,43~ 214,363 145,439 288,428 146,179 150,986
Intangible assets (amortizable) ..................... 2,744,158 308,678 89,640 77,973 864,020 148,608 261,282 208,533 159,349
Less: Accumulated amortization.............. 1,,254,627 128,887 39~863 37,487 373,701 104,885 116,292 53,019 60,996.
Other assets............................................... 2,360,246 '~26i;710 107,687 173,474 344,245 148,714 256,214 123,972 100,103

Total liabilities ................. ........... :: ................ 129,075,054 14,052,233 7,67,962 7,082,183 11,851,989 9,4177,669 17,338,451 9,065,142 8.661,123
.
Accounts payable ......................... : ............ 117,697,043 1,95i,900 1-,255,646 7 83,383 1,413,479 1,356,448 2,327,141 1,211,788 1,041,684
Mortgages, notes, and bonds payable in less
than one year .....................:.:................. 112,183,030 1,318,293 l-,073,400 920,565 1,104,338 875,477 1,740,634 792,736 - 689,463
Other current liabilities..,.: ... .................... 9,853,064 865,824 :671'i23 523,019 1,251 120 602,035 1,137,710 830,511 897,803
Loans from stockholders ............................. 4,717,785 485,868 568,282 367,430 373,639
' 201,350 629,220 373;011 320,378
Mortgages, notes, and bonds payable in one
year or more ........................................... 18,401,057 2,150,132 865,143 816,051 2,565,330 1,852,994 2,273,410 1,009,646 1,000,767
Other liabilities....................................... L. 2,520,441 219,580 199,207 87,477 528,896 126,839 245,748 147,806 324,400
Capital stock ............................................. 3,614,765 454,687 196,912 183,551 254,650 239,348 428,168 257,718 315,034
Paid-in or capital surplus ............................. 4;439,587 344,185 331,917 426,247 374,219 233,591 477,631 406,368 246,563
Retained earnings, unappropriated ............... 58,957,499 6,439,846 3,120,344 3,056,097 4,308,175 4,093,291 8,389,774 4,272,468 4,065,362
Less: Cost of treasury stock ......................... i,709,216 186,081 384,612 83,637 ' 321,858 103,702 310,985 236,911 240,331,

Total receipts............................................. V. 290,8il,661 39,375,348 20,560,362 17,337 523 24,661,247 18,200,492 36,524,563 16,684,538 18,3211,66i
Business receipts ...................... t ............. 288,380,690 39,099,577 26,215,543 17,198',065
' 24,332,689 18,1 110~931 36,254,783 16,561,866 18,191,200
Interest on Government obligations;
State and local ........................................ 77,985 6,9.28 2;096 1,751 11,541 6,377 9,080 6,584 5,244
Net gain, noncapital assets ......................... 389,783 ~37,237 19,437 22,098, . - 52,544 31,188 34,296 17,990 21,407
Other receipts ............................................ 2,043,203 231,605 323,223 115,609 264,474 51,996 226,404 98,099 103,815

Total deductions ............................................ 276,548,177 37,2~16,491 19,347,344 16,142,712 22,878,234 .16,748,843 34,009,474. 15,340,507 16,695,296
Cost of sales and operations....................... 197,332,339 29,195,992 14*,l 82,544 .12,830,906 12,824,917 12,389,329 25,055,975 10,542,382 11,196,436
Compensation of officers ..... :...................... 10040,283 651,720 894,594 44i,295 1,240,946 576,911 1,568,163 777,26 792,148
Salaries and wages ................... :................ 16,493,021 1,830,306 1,168,72.4 704,4i7 2,757,728 782,292 1,775,031 1,122,700 1,474,769
Repairs .................................................. 1,205,832 164,346 54,292 140,6319 125,884 73,065 150,210 54,802
Bad debts.................................................. 633,252 ~6,505 51,098 17,244 129,275 32,951 74,007 31,783 38,121
Rent paid on business property .................... 2,419,952 1 74,139 254,289 109,642 368,466 109,906 301,556 139,710 186,475
Taxes paid ................................................ 5,951,310 590,210 464,329 299,921 687,492 400,867 877,408 421,489 403,215
Interest paid ............................................. 2,557,417 280,943 209,447 136,977 289,520 207,297. 355,587 172,036 139,369
Amortization, ..................................... ...... 320,226 37,153 4,395 14,745 62,534 21,598 34,294 18,596 25,885
Depreciation ..............................................
* ~,,191,516 7W,484 206,881 326,495 681,890 565,752 891,876 358,157 358,465
. -
Deplete on .................................................. 49,267 412 -3 *31,964' ..21 *105 82
Advertising ............................................. 2,640,155 238,03~ 66,820; 253,517 102,385 185,022 110,619 178,384
Pension, profit-sharing, stocit bonus,
and annuity plans .......... ; 1 ................... .1,331,216 118,445 85,975 43,21,1 145,390 88,402 203,678 110,838 90,919
Employee benefit programs, ......... i ............... '3,448,732 -364,320 169,669 126,933'' 332,936 262,486 582,109 296,306 242,358
Net loss, noncapital assets ........................ 29,210 4,383 *324: *816- 3,352 581 944 1,907 2,559
Other deductions ....................... .......... 19:804,450 2,289,719 1,362,747 848,598 2,974,365 1,135,020 1,953,508 1,181,979 1,509,446
Total receipts less total deductions .................. 20;343,464 2,138,857 1,212,9ii8 1, 1 94,8 11. 1,783,014 1;451,649 2,515,089 1,344,031 1,626,371
Net income ................................................... 20,265,499 2,131,929 1,21.0,859 1,193,060 1,771,473 1,445,272 2,506,009 1,337,448 .1,621,127
Income tax, total .......................................... 16,205 1,352 *10 *658 1,092 960 1,180 1, 1 49
Footnotes at and of table. See text for "Explanation of Terms" and *Description of the Sampla and Limitation 'of the Data."

102
 Corporation Returns/1 993
RETURNS WITH NET INCOMIE, FORM 1120S
Table 15-Balance Sheet and Income Statement, by Selected Major Industries--Continued
[All figures are estimates based on samplas-oney &MOUM3 are in thousands of dollars]

Industrial Divisions and Selected Major Industries--Continued

Transportation Wholesale and retail trade

and public utilites Wholesale trade Retail trade

Item Automotive

Miscellaneous dealers Eating and Miscellaneous

Total Transportation Total Total wholesale Total and drinking retail

trade service places stores

stations

(17) (1 8~ (19) 120) (21) (22) (23) (24) 125)

Number of retunnill. total ................................. 42,772 34,060 262,483 77,429 59,850 184,041 30,702 49,3" 55,540

Total assets .................................................. 22,925,774 15.791,507 204,878,066 97,083,202 78,238,753 107,341,381 42,862,352 12,650,830 22,991,292

Cash ......................................................... 2,233,987 1,479.061 20,109,138 8,570,996 7,085,806 11,460,461 3,349,130 1,991,115 3,047,269
Notes and accounts receivable .................... 4,910,911 3,479,276 46,158,255 31,692,763 25,567,040 14,342,404 5,558,236 468,007 4,270,322
.
Less: Allowance for bad debts ................. 65,129 37,650 671,498 458,939 371,236 211,706 63,953 -2,068 78,313
Inventories ................................................ 395,351 298,890 76,541,322 32,393,634 25,953,942 44,021,679 24,025,821 590,124 8,758,382
Investments in Government obligations ........ 151,166 -36,156 521,823 335,734 295,255 186,090 -105,067 *18,952 *37,804
Tax-exempt sectidties..... ........................... 92,200 *53,328 417,021 247,679 208,678 169,341 *20,691 -20,103 -79,348
Other current assets ................................... 1,370,062 1,019,441 6,543,253 3,284,358 2,680,257 3,248,784 918,079 462,812 806,397
Loans to stockholders................................ 427,045 278,128 2,292,465 925,773 770,867 1,358,999 405,983 414,505 283,764
Mortgage and real estate loans .................... 34,700 -22,100 568,916 238,462 185,985 323,866 57,9k 42,868 89,956
Other investments ...................................... 1,352,025 754,330 7,842,332 4,391,832 3,709,032 3,443,749 740,549 578,101 806,728
Depreciable assets..................................... 21,381,024 15,279,497 78,084,992 28,845,226 22,532,283 49,065,984 11,867,487 13,653,168 9,201,309
Less~ Accumulated depreciation .............. 11,825,761 8,082,071 44,340,510 17,011,668 '113,348,822 27,247,777 6,226,356 7,707,871 5,508,581
Depletable assets............... : ....................... -40,228 -36,906 70,492 *4,990 -4,990 65,502 -2,061 -2,332 -15,100
Less: Accumulated depletion ................... -19,425 -18,813 23,902 * 1,539 -1,539 22,363 -1,227 -2,332 -2,420
Land ........................................................ 659-,180 384,981 4,858,469 1,353,381 1,150,426 3,504,399 1,243,554 812,118 492,133
Intangible assets (amortizable) ..................... 1,391,005 411,221 4,465,061 1,562,026 1,216,511 2,901,047 544,727 1.405,950 578,310
Less: Adcumulated amortization .............. 694,867 187,321 2,226,537 744,038 593,344 1,481,463 288,079 678,423 340,344
Other assets .............................................. 1,092,071 584,049 3,666,974 1,452,532 1,192,620 2,212,385 602,651 581,369 454,127

ToteVilabilitles I ....................... .................. 22,925,774 15,791,507 204,878,066 97,083,202 78,238,753 107,341,381 42,862,352 12,650,830 22,991,292
Accounts payable ...................................... 2,778,344 1,938,269 37,925,805 23,484,785 18,755,008 14,351,525 3,354,083 1,210,748 4,915,508
Mortgages, notes. and bonds payable in less
than one year.................................. 2,210,597 1,447,450 38,257,975 13,257,530 10,577,075 24,896,854 19,593,289 845,434 2,056,466
: ... -
Other current liabilities ................................ 1,804,070 1,269,077 13,899,257 6,113,205 4,908,988 7,759,401 2,690,620 1,251,037 1,824,862
Loans from stockholders..: .......................... 1,121,515 771,623 11,960,775 4,872,189 4,095,610 7,050,173 2,164,609 1,367,008 1,711,125
Mongages, notes, and bonds payable in one

year or more .......................................... 6,448,210 4,251,859 25,633,873 8,987,820 6,899,141 16,006,309 4,713,277 4,017,941 2,728,000
Other liabilities ....................... 888,231 428,738 2,201,695 998,917 878,371 1,199,224 331,784 186,867 240,881
.......
Capital stock .................. .......................... 916,909 660,394 6,785,689 2,524,154 2,066,157 4,253,859 1,526,583 621,539 941,563
Paid-in or capital surplus............................. 1,362,633 924,394 7,541,455 2,916,885 2,317,137 4,610,586 1,468,606 950,205 952,124
-Retained earnings, unappropriated ............... 5,773,374 4,304,350 64,447,455 35,644,362 29,093,303 28,672,719 7,519,085 2,469,997 7,936,023
Less: Cost of treasury stock ........................ 378,109 204,647 3,175,912 1,716,644 1,352,036 1,459,268 499,585 269,947 315,260

Total receipts ................................................ 55,661,388 43,035,868 762,384,762 339,546,076 268,752,613 421,353,SQ 207,143,655 42,969,443 70,897,358
Business receipts ....................................... 54,536,299 42,369,704 754,214,459 336,800,378 266,652,353 ~416,001,633 204,202,172 42,543,816 70,159,231
Interest on Government obligations:

State and local ........................................ 13,131 7,984 56,083 33,558 29,103 22,128 3,216 2,181 9,881
Net gain, noncapital assets ......................... 365,235 209,632 571,551 151,842 109,221 419,598 182,798 74,201 83,510
Other receipts ................. .......................... 746,723 448,549 7,542,669 2,560,299 1,961,936 4,910,182 2,755,469 ~49,245 644,737

Total deductions ............................................ 51,939,178 40,708,175 738,865,146 328,362.205 259,755,580 409,070,665 203,985,797 40,748,948 67,453,801
Cost of sales and operations ....................... 25,108,097 20,070,874 580,853,017 268,754,394 212,320,867 311,130,689 177,311,957 16,891,476 46,493,760
Compensation of officers ............................ 1,816,103 1,285,548 16,305,023 8,331,955 6,575,653 7,906,774 2,309,117 1,427,659 2,142,521
Salaries and wages .................................... 6,549,548 5,199,033 51,042,489 18,216,455 14,455,221 32,680,997 9,447,093 7,738,068 6,277,327
Repairs..................................................... 885,710 710,092 3,115,779 1,041,029 795,164 2,069,939 502,328 688,111 295,504
Bad debts................................................. 153,321 74,701 1,152,063 664,056 548,651 484,824 139,951 146,171
22,337
Rent paid on business property .................... 1,562,308 1,348,260 11,921,863 2,941,394 2,379,631 8,943,666 1,873,489 2,553,305 1,992,060
Taxes paid ................................................ 1,747,370 1,392,835 10,720,957 4,161,487 3,491,420 6,538,095 1,831,212 1,736,718 1,216,653
Interest paid .............................................. 727,643 463,337 4,395,781 1,792,986 1,450,540 2,592.236 443,278
1,109,472 442,765
Amortization............................................. 161,563 58,061 554,736 217,909 173,127 336,283 83,894 111,363 74,294
Depreciation ................... 2,098,818 1,595,501 6,656,004 2,292,989 1,769,854 3,741,981 1,015,500 912,002 752,447
:,** ..... ** ........ *
Depletion ............................. : .................... - -
*796 5,280 *2,135 *2,080 *3,145 41)
Advertising ......................................... : ..... 259,025 155,566 8,019,439 1,674,043 1,389,964 6,336,924 1,847,467 1,319,555 1,388,764
Pe nsion, profit-sharing, stock bonus,
and annuity plans............. t ..................... 163~702 127,551 1,391,757 853,522 686,764 534,846 114,275 44,788 173,793
Employee benefit programs ........................... 655,089 555,648 3,239,372 1,308,031 1,020,212 1,922,782 753,593 262,491 317,729
Net loss, noncapital assets ........................... 12,477 *12,336 34,478 8,258 6,624 26,217 4,104 15,336 4,861
Other deductions........................................ 10,037,609 7,658,833 40,057,108 16.101,564 12,689,807 23,821,264 5,642,345 6,582,460 5,735,154
Total receipts less total deductions .................. 3,722,210 2,327,693 23,519,616 11,183,871 8,997,034 12,282,877 3,157,858 2,220,495 3,443,557
Net income ................................................... 3,709,079 2,319,709 23,463,533 11,150,313 8,967,931 12,260,749 3,154,642 2,218,314 3,433,676
Income tax, total .......................................... 2,341 1,620 22,650 91001 7,543 13,650 2,653 '1 14 2,665
Footnotes at end of table. See text for "Explanation of Terms" and "Description of the Sampl. and Limitation of the Data."

103
 Corpgratibn Retu.rm/1 993
RETURNS WITH NET INCOME, FORM 1120S
Table iS-Balance Sheet and Income Statement by Selected Major Industries-Continued
(All figures are estimates based on samples.-money smunts are in thousends of dollars]

Industrial Divisions and Selected Major Industries--ton6ued

Finance, insurance, ard real estate Services

Item insurance Nature of

Total agents, Real Total Buiinbss Other business

broker~, and estate Sam ices services not allocable

service

(26) (27) (28), J29) J30) (31) (32)

Number of returns, total .................................. 96.646 23,498 55,866 372,172 109,940 159,807 2.093

Total assets ....................... ......................f.... 55,571,917 5,688.'703' 28,102,045 76,841,443 '25,632,049 24,977,682 200,584
Cash ........................................................... 6,030,606 1,863,060 2,394,542 12,810,340 4,722,994 4,965,750 *21,632

Notes and accounts receivable .................... 9,846,510 1,471,352 2,222,152 14,328,980 6,970,098 4,728,748 *4.137

Less: Allowance for bad debts ................. 99,959 10,095 33,651 277,390 i0,443 165,295
Inventories ................................................. 4,583,888 4,583,888 3,084,247 916,616, 596,702 .63,244
Investments in Government obligations ......... 1,242,459 *54,978 199,888 .82 75,400

Tax-exempt* securities ................................. 313,136. -3,647- *98,516 287,263 164,991, 65,481

Other current assets .................................... 5,904,587 314,176 3,088,254 4,329,356 1,781,834. 1,490,411 *1,258
Loans to stockholders............ 1,257,066 353,576 531,053 2,738,322 $12,960 1,174,659 '13,026
Mortgage and,real estate loan a .................... 4,762,826 68,168 1,197,867 335,403 .92,406 112,118 *2,528
Other investments.: ............................... ..... 8,608,469 513,000 3,261,697 5,327;377 2,41i(21,009 1,698,857.. 457

Depreciable assets ..................................... 12,283.836 1,608,525- 9,201:324 59,107,425 14,530,676 18,268,796 '87,451,
Less: Accumulated depreciation ................ 5,204,194, 996,555 3,524,147 32,714,341 8,480,465 10,315,006 -47,243
Depletable assets ....................................... 1 19,504 12,105 -49,172 123,348 *59,290 *51,271

Less: Accumulated depletion ................... *58,733 43,671 '5,232, *31,723

Land ......................................................... 3,475,446 65,387 3,329,707 12,999,306 349,439 710,201 *52,460
Intangible assets amortizable), ..................... 1,024,904 549,682 301,768 4,088,626 854,550 959,063 *534

Less: Accumulated amortization ......... : .... 528,694 309,701 123,818 2,54i,825 369,820, 438,516 *73
Other assets..:........................................... 2,010,264 246,627 1,481,700 2,659,769 749,409 1,030,767 *6,180

Total liabilities ....................... ........................ 55,571,917. 5,688,703 28,102,045 76,841,443 25,632,049 24,977,6fi2 200,584
Accounts payable ................................... 4,747,060 1,955,239 1,120,029 3,666,603 1,544,621 *30,520
Mortgages, notes, apd bonds payable, in less
than one year- ..................................... 9,281,731 226,900 3,495,036 6~,462,790 2,246,030 2,227,~24 -40,814

Other current liabilities ................................ 6,131,786 826,366 1,861,617 8,594,382 3,392,963 3,057,044 -12,221
Loans from stockholders ............................. 4,523,701 317,266 3;178,947 7,067,309 .2,099,204 2,120,784 -34,984

Mortgages, notes, ~nd bonds payable in one

year or more... : ............. .................... :.... 11,359,661 608,699 7,821;828 18,360,837 3,871,858 6,052,286 *35,388
Other liabilities .......................................... 2,094,791 126,846 1,420,507 2,765,560 886,033 960,255 '-6
Capital stock ........... ; ................................. 2,244,660 166,025 1,335,719 3,613,670 1,027,564, 1,057,778 -5,951

Paid-in or capital surplus..................... ....... 6,566,898 253,194 3,675,866 5,515,939 1,~45,176 2,094,436 *7,299
Retained earnings, unappropriated ............... 9,209,087 1,449,609 4,382,034 19,010,796 -7,338,969 6,335,281- 33,417
Less: Cost of treasury stock........................ 587,458 241,442 189,535 1,375,862 342,352 472,627. ~4
.
Total receipts.................. :.................. ....... 49,655,428 9,628,043 27,028,001 218,439,925 81,484,867 83,471,591 304,'891
.
Business receipts ....................................... 45,259,368 9,443,583 25,366,545 214,009,850, 79,901,693 81,707,8711 303,65B
Interest on Government obligations:
State and local ........... 7 ............................ 30,746. 6,555 6,465 40,74.3, 23,096 13,985
Net gain, noncapital assets ........... : ............. 293,633 3,148 138,514 _417,401 104,170 45,576
Other receipts ..... ...................................... 4,071,682 174,757. 1,516,477 -3,971,931 1,455,908 1,704,159 -1,831
Z
Total deductions ... ........................... 41,525,549, 8,256,213 22,783,040 197,993,964 74,420,680 74,896,607
1
Cost of sales and operations ....................... 12,371,457,. 1,711,329 9,975,113 66,013,488 33,497,676 14,568,754 -83,614
Compensation of officers ............................ 4,746,046 1,262,155 .1,087,660 21,936,902 6,268,189 12,647,583 -27,3~1

Salaries and wages ..................................... 7,228,908 1,629,665 2,987,402 38,344,981 13,137,548 17,076,117 *42,496
Repairs ..................................................... 251,921 57,901 150,299 1,802,828, '400,030 622,492 *1,211
Bad debts................................................. 159,719~ 34,366 61,377 379,646 128,673 171,233 *460
Rent paid on business property.................... 1, 1 66,925~ 319,149 532,233 ~8,229,i53 2,087,325 3,492,026 -24,5i4
Taxes paid.. .... I ......................................... 1,165,889 270,328 542,422 8,003,802 2,616,956 3,112,624 -7,564
Interest paid .............................................. 11,1174,777 77,51~ 492,032 ~,217,502 490,221 767,730. *2,750
Amortization ....* ......................................... 127,589 35,686 47,605 837,560 120,216 160,402 *73
Depreciation ... i .... * 473,86i 113,760 247,188 4,703,919 1,407,282 1,327,859 "4,999
Depletion .... .............................................
- .... **- ..... - ................. -7,01i8. *71088 -6J76 *172 *6,427
Advertising.: .............................................. 637,849. 97,1597 440,064 2,571,915 868,773 708,976 -'3,6 7

'Pension, profit-sharing, stock bonus,

and annuity plans ............................. ..... 291,668 95,874 .76,337~ 1,515,395 455,088 912,323
Employee benefit programs...... .................... 349,021 127,338 135,881 '2,513,912 888,195 1,163,423 .8

Nit loss, noncapital assets ............ ............... 21,904. -f.136 ''17,748 25,159 3,667 4,353
Other deductions ...................................... .. 11,350,626 2,422,422 5,982,592 38,890,428 1Z050,670 18,154,287 47,450
Total receipts less total deductions ................... 8,129,879 1,371,829 4,244,961 20,445,961 7,064,187 8,574,983 57,513
Net income .................................................... 8,099,13 3 1,365,274 4,238,496. 20.405,218 71041,091 8,560,999 57,513
Income tax, total ........... 3,712 *2,93~1 12,353 4,579 *7,208
'Estimate should be used with caution because of the small number of sample returns on which it is based.
Less than $500 per return.
Also Includes excess net passive income tax lForm 1129S), and adjustments to income tax and Ito total tax which are not shown separately.
NOTE: Detail may not add to total because of rounding. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."

104
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120
Table 16-Balance Sheet Income Statement, Tax, and Selected Other Items, by Major Industry
[All figures are estimates based on samples.-money amounts are in thousands of dollarsl

Major industry
Mining

Item All Agriculture, Nonmetallic

Industries forestry, metal Coal Oil and gw minerals,
and fishing Total mining mining extraction except fuels

(2) (3) (4) (5) (6) (7)

Number of returns, total.................................. 1.775,931 66,892 16-412 695 495 13,160 1,882
Total assets ....... 16,977.954.612 47.993,419 210,072,067 34,429.208 26,041,28D 134.655.236 14,946,344
Cash ..... 689,496,243 3,323,596 7,731,156 1,620.241 473.827 4.914,878 722,209
Notes.............................
and accounts receivable * .................
......................
* ....... 4,226,889,855 4,681,073 21,017,977 3,837,024 5,133,700 10,162,974 1,884,279
Lon: for bad debts.................. 114,144,279 57,675 325,287 13.489 16,610 249,877 45,312
Inventories...
Allowance 778,421,450 6,216261 6,827,998 1,400.170 737,585 3,634,473 855,770
Investments in* ..........
Government* .............
obligations
* .........
...........
** ....... 360,957,755 140.291 1,221,569 502,413
Tax-exempt securities................................. 254,323,132 114,689 193,478 *73,715 101,633
Other current assets ................................... 1,282255353 1,799,128 5,178,938 767,334 599.405 12M957 528,243
Loans to stockholders ................................. 65,180,695 1,313,117 756,448 23,161 442,727 43.574
Mortgage and real estate loans..................... 1,426,787.361 356280 54,51 8 69 49,650
Other investments ...................................... 3,241,686,112 4~345,894 77,991.570 12.196,951 9,01 qgq5 52.825,658 3,948,967
Depreciable assets ...................................... 4.443.156,813 34,847,995 99,770,613 14,798,038 12,671.910 62,613,074 9,687.591
Low: Accumulated depreciation ................ 2,003,443,4177 22,163D36 48,98SA09 5.781 AW 6,886,938 30,9114o3llrl 5,403,539
Depletable assets....................................... 131,944,555 620,679 46~356.783 3.546,985 2.305.152 39.270,075 1.234,571
Lew: Accumulated depletion.................... 62.1 W356 191.318 20.836,201 1,162,610 648,087 18,855,689 169.815
Land ........................................................ 177.582.735 10,657,564 3,25BA25 354,742 981,750 1,295,936 655.897
intangible assets (amortizable).. ...................._ 529,950,389 397,169 8,862,827 1,421.390 1.964,193 4,952,538 524,706
Less: Accumulated amortization.............. 124,676,926 137,852 3,585.444 507,916 824,350 2.169,947 83,231
Other assets.............................................. 1,173,745.203 1,729,563 4,553,109 1,423,179 339,720 2,295.126 495.084
Total liabilities................................................ 16,977,954.612 47,993,419 210,072,067 34,429,208 26,041,280 134,655,236 14,946,344
Accounts payable....................................... 1.277,568,479 2,952,552 13,345.217 2,822,927 2,810.224 6.5D4,396 1,207,670
Mortgages, notes, and bonds payable in less
than one year ........................................ 1,407,401,307 6,694,337 8,779.143 1,810,866 576,106 4,787.583 1.604,588
Other current liabilities ................................. 5,626,430,917 2,475,846 9,594,579 1,329,541 1,445,616 5.839,689 979,732
Loans from stockholders.............................. 198,620,912 2,690,549 3,304,116 676.789 518.072 2,013.059 96,195
Mortgages, notes, and bonds payable in one
ye r or more ......................................... 2,643,573,667 10,717,812 45P20,870 64179,986 4.184.301 31,784,041 2,972,542
Other liabilities........................................... 2.067,427,952 2,124,020 24,461,738 3,777,048 5,436,458 14,434,432 813.BDO
Capital stock ............................................. 657.281,722 5,715,276 11,025,147 3.033,650 640,428 6.296,544 1,054,526
Paid-in or capital surplus .............................. 2,030,405.291 5,513,199 105,028,175 15,841,618 11,999.799 74,005,749 3,181,009
Retained earnings, appropriated..................... 48,487,393 201.034 195,492 21,314 *33,943 103,447 '36.788
Retained earnings, unappropriated ................. 1.227.543.071 10.147.029 -7314Z* -826.798 -1,312,776 -8.726,179 3,551,543
Lew: Cost of treasury stock......................... 206,786,096 1.238,236 3~368,200 137.735 290,892 2.387,524 552,049
Total receipts ................................................ 9,538,860,077 62.065,920 99,078,355 10,887,070 15,246,394 63,119,005 9,825,887
Business receipts........................................ 8,476,960.228 57,702.477 89,889,666 9,707,511 13,917,231 56.955,930 9,308,995
Interest.................................................... 585,660,790 463,882 2,391,417 344,242 252,418 1,642,422 152,335
Interest on Government obligations:
State and local...................................... 16,924,395 17,785 21.698 10,648 -1,D81
Rents ....................................................... 73,078,293 565,654 4D4.443 16,369 36.739 248,642 102,693
Royalties .................................................. 43,970.016 104,632 493,111 57,678 163,348 251,235 20,85D
Not short-term capital gain reduced by
net long-term capital loss......................... 6,276,622 20.931 96,698 *5,106 -9,915 81,453 224
Net long-~erm capital gain reduced by
not short-term capital loss........................ 41,932,460 738,787 946.686 184,211 101,372 623,481 37,621
Net gain, noncapital swats ........................... 28,708.791 254,527 726.852 102,437 79,938 502.386 42,091
Dividends received from domestic corporations 10,817,3115 85,575 228,404 37.039 17P19 166,742 7,603
Dividends received from foreign corporations... 25.857.428 44,113 364,491 101,318 *1 0.049 246,224 6,9DO
Other receipts............................................ 228,673,739 2,067.556 3,514,990 328,153 651,399 2Z89,843 145,496
Total deductions ............................................ 9.209.672.906 60.461.846 97,512,095 10.636.911 15,296,365 61,836,818 9.742,000
Cost of sales and operations......................... 5.447.596,808 34,613,199 60,872,855 6,334,187 10,863,551 38,147,813 5,527,3D4
Compensation of officers.................... ........ 139,782,698 1,752,477 1,167,591 85,585 97,270 772,162 212,574
Salaries and wages..................................... 805,573.999 4,574,807 4,101,293 181.659 262Z98 2,981,963 675,273
Repairs .................................................... 90,908,7DO 1,229,112 836,237 104,619 156,732 323,532 251,354
Bad debts ................................................. 71,074,893 68,450 277,050 23,463 23,195 207,631 22,761
Rent paid on businew property ..................... 156,277,444 1,891.259 972A37 38,403 102,174 672,151 159X0
Taxes paid ................................................ 236,163,701 1,556,904 2,754,086 276,181 792,150 1,401.193 284,562
Interest paid .............................................. 487,518,405 1,453,180 4.479,071 626,930 478.133 2.992,155 381,853
Contributions or gifts .................................. 6,173,887 47,702 38,656 3.920 7,367 15,384 11,985
Amortization ............................................. 33,064210 74,621 674,950 203,006 109,530 320,458 41.956
Depreciation .............................................. 323,691,094 2,492242 5,416A87 956,716 740,728 3478,465 640,579
Depletion.................................................. 8.190,281 19,918 2.826.039 685= 366,987 1,574Z96 199,333
Advertising ............................................... 119,165.461 273,922 85,837 4,736 7.857 56,027 17.216
Pension, profit-sharing, stock bonus,
and annuity plans .................................... 52,030,876 149,647 418,741 39,680 65,468 249,136 64,458
Employee benefit programs.......................... 140,531,307 593,769 1,157,186 72,945 280,299 602,417 201,525
Net loss, noncepital assets........................... 23,714,746 111,789 288,237 30,013 16,250 222,004 19,970
Other deductions........................................ 1,063,214,395 9,558,848 11,145.740 969,547 926,276 8,219,930 1,029,987
Total receipts less total deductions ..................... 329,187,171 1,604,075 1,566,261 260,159 -49,971 1,282,187 83.887
Constructive taxable income from related
foreign corporations .................................... 36.428,773 162.761 9,541 2,092 150,941 188
Net income (loss deficit), total........................... 348.691,548 1,618,388 1,707,324 256,695 -54.845 1.422,480 82,994
Income subject to tax..................................... 412,799.891 2,127,038 3,445.561 708,535 200,174 2,169,599 367252
Income tax, total I ......................................... 145Z65,791 604,262 1.356,253 289,D44 113,892 812,056 141,261
Regular tax ............................................... 140,835,779 582,265 1,182,744 247.295 68.872 742,122 124,455
Personal holding company tax ...................... 9,472 (1) - - -1,970 (1)
Recapture of investment credit...................... 21,318 - 1 1 -
Alternative minimum tax .............................. 4,074,984 20.820 165,638 40,256 44.5DO 64,524 16,358
Environmental tax ...................................... 530,028 1.144 5.773 1,493 52D 3,218 542
Foreign tax credit ........................................... 22.734DS6 20025 526,299 108,546 13,937 398,341
U.S. possessions tax credit.............................. 4.722,588 342 - -
Orphan drug credit ......................................... 20,486 -
Nonconventional source fuel credit..................... 684,424 245 27,566 -44 20 27,503 1
General business credit.................................... 3,048,489 14,649 12,501 9 -1,442 10,088 1 '961
Perot year minimum tax credit........................... 2,042,504 8~m 56.392 14279 -4,(M 34,121 3,899
Total income tax after creadits2 .......................... 111.313,202 569,802 733,495 166,166 94,401 342.003 130,926
Footnotes at end of table. See text for 'Explanation oF Terms" and 'Description of the Sample and Limitation of the Dam.'

105
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120
Table 16-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry-Continued
(All figures are estimates based on samples- Y annoLmts are in thousands of dollars)
M industry--Continued
Wr
Construction Manufacturing
General
Apparel and
Item building
Special trade Food and Tob:coo Textile mill other
ctintractors Heavy
contractors Total kindred productel manuf ctures products textile
Total and construction
contractors products
operative
builds a
(8) (9) (10) (12) (13) (14) (15) (16)

594 113,016 162.609 9.057 2,519 "48

Number of returns, total.................................. 199,571-
45,718,816 4,063,749.417 359,282,314 39.945,997 34.848.627
Toted asserts................ :................................. 165,528,004 74.8.5
74:= 1. 41~,911 3
1:378
1289J977
16.589,691 7.409,771 3.702,505 5,477,414 103,711,023 5,107.126 822,857
Cash ........................................................ 7~9711,578 6,535,578
45,861,639 17,951'.015 9,788229 18,121,696 880.521,070 94,122,194
Notes and accounts receivable ............. ........ 747,444 179.585 239.1 D9 -
346.426 78,542 104,681 163.203 20,038.928
Less: Allowance for bad debts.................. 30,979,321 7.524,325 8,730,795
17,752,369 12,166,492 1,565,005 4,020.872 340,284,060
Inventories ................................................ 1,754.386 '755.490 -33,6228
1,349.107 481,792 817,620 49,695 33.067,132
Investments in Government obligations ........... '55,873
1,106,089 65~3611 867,821 172,907 . 21,046595 314,186
Tax-exempt securities ..................... :........... 13.720,952 1,105,588 1,694,077
16,429.642 9,273,143 2,94BZ78 4,208,120 199,36OZ27
Other current assets ................................... 941.811 281,891 143X9
3,143,381 1,130,570 979,209 l,D33,602 16,874.595
Loans to stockholders ................................ '13,011 *11,500
6,191,103 5,896,287 61.252 233,564 30,945,697 321,626
Mortgage and real estate loans..................... 90.743,750 4,W5,B66 .7,355,381
20,960,198 7,594,205 11 Z59,747, 2,006,246 968.909,893
Other investments ...................................... 1,775.838,414 129,707.635 26.662.584 9,780,156
70.763.665 17~995,580 26,505,704 26,262.381
Depreciable assets...................................... 59.178,988 13,742,328 4.678,887
44250.211 9,578,670 16,956,148 17.715,392 907.140.084
Less: Accumulated depreciation ................ 2.260 -
397,893 94,113 265.773 38,007 68,030,396
Depletable assets ........................... :........... 34,194,420 -8,672. -
164,207 '47,'066 83,615 33,525
Less: Accumulated depletion.................... '5,593,497 350,558 236.243
4.590,521 2,635.2D9 1,037,382 917,930 45,648,080
Land ........................................................ 1 Al 4,173 2553,920
1,357.105 416,957 313,146 627,001 287954,267 35,969.237
Intangible assets (amortizable) ...................... 69:043,610 4,458,498 787,915 574,873
386,723 124,447 87,253 175,023
Less: Accumulated amortization ................ 14,331,908. 2.609,01 1,969,830
4,183.169 1,614,040 1,932.604 636.525 321,964,909
Other assets................................................
74,895.81 D 44.913.378 45.718,816 4.063.749,417 359,282,314. 39.945,997 34,848.627
Total liabilities ................................................. 165,528,004 3,750,496 3,760290
32.244,504 16,421.072 5,939,946 9.883,486 455,338,293 83.240,093
Accounts payable..: .....................................
Mortgages, notes, end bonds payable in less 2,656,172 4,076.935
17,766,146 10,323,579 2,631,783 4,810,7113 349~340,420 29.511,579
than one year ........................................ 2.974,527 3.175.551
.22,177,783 11,706,987 3,861.726 6.6D9,070 372,546,117 25,562,779
Other current liabilities ................................. 4.986,730 567,523 643,838
6,461,699 3,371.541 635,916 2,454,243 56,267,880
Lows from stockholders............... :..~ .......
Moitgages, notes, and bonds payable in one 838,196,253 76,83.7,549 11,737,834 7,877,724
25Z24,142 14,501 Z52 5,739,981 5,082,BD9
year or more..................... ; ................... 28,588,738 2,643,113 1.721,248
9,259,403 3,411,656 4,470.083 1,377,664 619,830,028
Other liabilities ...................... 1,995,982 2,271,081
6,768.776 2,477.0711 2,053,7'19 2.237,986 183,205,099 14,939,549
Capital or
stock ........................ 6,850,007 5,945,208
18,889,444 5,365.758 10,055,189 3,468,497 745,038,517 55,881,207
Paid-in capital 6urplus.................... 636262 63,055
appropriated. ...............* .... 288.354 *101,680 '14,908 171,766 11,346,392
Retained earnings, 59,714,686 7=609 6.247,847
29,212,477 B..111.268 10,201,436 10,869,773 556,917,624
Retained earnings, unappropriated ................. 515,322 - 880,650r
2.864,723 896.153 691,310 1,277,261 124,2772D6 20,616,858
Less: Cost of treasury stock......................
130,850,503 3,532,911,796 368,537,759 52,039,567 50.228.722
Told reacelpts................ 7..:; .................. : ........ 339,982,362 145,525,168 63,606,691
129,454,379 3,297,435,582 352,6U,323 W970,741 48,634,977
Business receipts....*.:-..~ ...................... :...... 331,984,149 141,471,722 61,058,048
245.314 3GS.822
2,069,777 11,292.041 523,681 254,056 67Z63,839 3,468,109
interest ..................... :~ .............................
interest on Government obligations: 37,941 9283 .21 AN
112,944 25,376 68.688 18,880 1,598,279
State and local ...................................... 102,073 52,659
1,237,110 829,416 216.251 191,443 27,375,904 871464
Rents ....................................................... 33,027,629 2,930,524 45,648 470.779
56,468 7.284 40,150 9,035
Royalties ..................................................
Not short-term capital gain reduced by .114152
41.478 19,574 16.517 5,386 843,940 38,455
not long-term capital loss.. .......................
Not long-term capital gain reduced by 14,615.666 633,171 72. 73,035
477,311 241.246 113,372 122,693
net short-term capital loss........................
: ..................
297,511 171,365 21,242
595,504 165,030 267,620 162,853 9,853,149
Not gain, noncapitall assets........ 546.191 18,536 35,751'
22,683 48,994 18,506 4.055,154
Dividends received from domestic corporations 90,183
34,026 207,525
116,273 '66,012 44,682. -5,579 21,536,192 2,DD3,856
Dividends received from foreign corporations... 368,489 396,341
3,201,166 1,384,785 1.208,688 607,693 55,206,464 5,075,812
Other receipts ................ S .....
144.654,098 62,674,873 130,022.491 3,399,895.873 353,504,960, 50 277,685 48,201,097
Toted deductions........................
............. ** ......... ..... 337,351,463
48,739,383 91,579,846 2,237,371,377 236,721,927 7.644,693 34,321,374
Cost of saides and operations............ : ............. 259,082,431 118J63202
1,949,303
31
5D1,615 843,650
................. : .11,192,471 3,614,149 1.223,921 6,354,4.02 28,225,271
Compensation of officers..: 2,575,522 30 71,190
16,123,185 4,995,897, 2,654.81 8 8,472,470 230,767,292 22,081,957
Salaries and wages ..................................... 221,026 192,933
1,618,279 391,212 494,970 732,097 130,646,858 2,775,220
Repairs .................................................... 387,383 186,16D 156,712
755,092 278,888 96,180 380.024 10,689,662
Bad debts.................................................. 448,176 707,991
3,151,322 876,081 670,007 1,605,234 34.298,822 3,012,005
Rent paid on business property ..................... 1,142,757 1,156,713
7,396.228 2,072,195 1,141,578 4,182,455 90,776,406 8,500,121
Taxes paid .................................... ........... 1,048,765
3,752,329 2,023,694 756,978 971,657 1114,569,644 9~277,799 1,321,451
Interest paid ................................... ........... 310,889 32,653 39,050
117,620 47,783 31,447 38,39D 2,935,548
Contributions or gifts................ 136,465 118,017
: 170,754 64,081 45,726 60,947 11206,910 1,122,281
Amortization ............................ 812,098
5,730,240 1 X1.899 1,936,733 2,481,607 1124,825,151 9,025r288 1,915,281
Depreciation.... 3,860,034 7,928 389 -2
46,370 4,932 36,684 4,755
Depletion .................................................. 16,632,5D5 447.222 999,813
i 1,061,203 423,997 73,183 564,023 59.816,408
Advertising........ :....... t ...............
,Pension, profit-sharinM stock bonus, 278,009 170,982
1,629,355 471,127 285,230 872,997 26,767,813 1,607,235
and annuity plans ....................................
.................... : .....
4.937,692 678,186 633,184
3,329,505 918,337 643,120 1,768,047 68.773,754
Employee benefit programs 36,958 37.262
161,700 83,527 23,421 54,752 4213,642 249,066
Not loss, noncapital assets.......................... 2,711,123 3,791,360
22,033,379 8,313,098 3,821,494 9,898,787 320,151,282 34,906,363
Other deductions........................................ 1,761,882 2,027,625
2,630.899 871,070 931,817 828,011 133,015,923 15,032.798
Total receipts less total deductions..! ... :..............
Constructive taxable income from related 27214 228,775
105,501 WADS 74,024 *672 25756,697 1 550,831
foreign corporations.................................... 1,779,813 2,234,532
.................. 2,623,456 876,499- 937,154 809,803 157:174,341 16:545,688
Net income (less deficit), .................................
total 2,786,610
5,492.289 2,141 ~342 1 a57,040 11993,907 173,765,396 16,924,503 2,104,874
Income subject to tax
1,638,127 657,078 463,898 517,151 61,868,482 5,983,825 747,644 965,576
Income tax, total .................................. : 723,116 957=
1,560,432 628.751 435,091 496,589 60,217254 5,884.080
Regular tax.......... : ....................... :.~ ... m...... -
-
Personal holding company tax......................
*138 2 2 5,750 1
Recapture of investment credit...................... 21,962 4964
67,459 24,714 18.773 1,397,345 76,812
Alternative minimum tax .............................. 2,565 3:029
2,515 1.395 985 135 224,210 22,089
Environmental tax ....................... ~.: ............ 201504
71,686 40,173 30Z89 -1,124 16,344,916 1,157,986 17,231
Foreign tax credit...... : ...................... : ............. 41,139 43,727
1,141 59 11,10182 4,568,902 575,577
U.S. possessions tax credit............ ........ ........ - - -
20486
Orphan drug credit........ :.....................
'392 '14 368:357
Nonconventional source fuel credit......... 14,339 6,027
22.179 7,733 9,492 4,954 1,571,448 66,183
General business credit.................................... 21.375 1,303
65,911 27,907 15,019 .22,985 966,332 40,830
Prior year minimum tax credit ...........................
1,476,43" 580,840 407.524 488,074 38,028,042 4,142,717 653,559 713,014
Total income tax after credits3 .................... -
Footnotes at,enel of table. See text for 'Explanation of Terms" and 'Description of the sample and Limitation of the Data.

106
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120
Table 16-Balance Sheet, Income Statement Tax, and Selected Other Items, by Major Industry-Continued
[AIJ figures are estimates based on samplas-oney amounts are in thousands of dollinsl

Major industry--Continued
Manufacturing--Continued

Item Petroleum Rubber and

Lumber and Furniture and Paper and Printing and Chemicals and (including misoollanedus Leather and Stone. clay, and
,vood products fixtures allied products publishing allied products integrated) and plastics leather products glass products
coal products products

(17) (18) (19) (20) (21) (22) (23) (24) (25)

Numbeir of returns, botal .................................. 9.959 6.937 2,175 23,692 6,642 1,062 6,032 1,222 5,198
. .......... 53,534.643 19.072,691 153,161,100 161.733,788 559,801.990 564,680.531 56,033.188 18,232,354 66,769,901
Cash ............ 1,646,258 685~309 1.347,866 5.044.883 14,738,941 3.807,023 1,457,694 277,229 15M,053
Notes and accounts* ...... *"*"*"*
receivable
.........
......................
........... 5,625,942 4,524.234 17,252,053 29,775,578 98,131,531 69,9DO.1 07 11.520,975 4,202,651 11.608,326
Less: Allo,ance for bad debts .................. 122,663 140,003 464.1 DO 2,371,069 1,836.417 570,814 343,139 65,810 405.189
Inventories 6,277,464 3,967,792 12,5115,654 7.232.303 42,511,753 18,495,772 8,279,625 3,020,757 5,856.254
Investments.....................
in Government***'* obligations...........
* ... * * ....... *126,852 '23,570 334,606 591.395 1,118,547 225.483 7,488 44,059
Tax-exempt securities ................................. '10,047 55,899 '24,002 455,899 2,129,545 *387= 16 17AD4 53,093
Other current assets................................... 2,366,282 745,123 5,763.974 8,703,518 20,511.537 30,010,553 1,508,843 2,474AM 2,733,871
Loans to stockholders................................. 127,193 30,380 176,866 591.083 6,282,976 4=407 368,074 102,568
Mortgage and real estate loans..................... 1.316,177 '20,339 -4,664,727 86.162 1,114,438 63.035 *17,731
Other investments...................................... 7,586.247 1,899,720 30,788,421 45,695,917 162.650,928 198,395.794 8,398,006 846,250 11,631,108
Depreciable assets ...................................... 36,556.582 10,311,824 110,584,265 63.772,395 236.426,018 314.659,741 36,662,248 5,444,684 39,946286
Less: Accumulated depreciation ................ 20,657,124 5,568,973 48,557,418 33,463.213 112,951,D94 166,505.257 18,045,6D7 3.141,390 20,!iB2,387
Depletable assets ....................................... 4,535,287 '31.418 6.323,829 *92.970 5,842,743 46,534,299 *26,708 139,354 1.367,110
Less: Accumulated depletion.................... 134,713 *11,463 993,762 '78,104 3,921,816 27=.363 -12,719 28,427 208,5D4
Land ........................................................ 963,665 268,412 1,612,133 2,149.870 5.288,343 7.381,890 564.682 5,234,223 1,921,507
Intangible assets (amortizable) ...................... 547,832 1 929.171 3,908,687 28,832.856 33,635,358 42.111,858 3,235,604 647,316 5-533,371
Less: Accumulated amortization................ 133,240 264.408 900,169 7,093,583 7,773,986 22,696,773 805,409 132.687 1,12U24
Other assets .............................................. 6,896,556 582,526 8,779,468 11,714,927 55,902,643 45,934,446 3.187.793 -747,747 6,344,W
Total liabilities ................................................ 53,534,643 19,072,691 153,11611,1100 161,733.788 559,801.990 564.680,531 56,033,188 18,232,354 66.769.901
Accounts payable ....................................... 4,194,731 2,144.302 16,221,240 13.139,294 58,771,911 47,141.893 5.776,791 1,407,845 6,069,998
Mortgages, notes, and bonds payable in less ..
than one year ...................................... 2.599.440 1,196,669 7X9.535 10,159.310 35,110.53D 26,262,774 4,93SX8 383,628 3,1604128
Other current liabilities................................. 4,415.236 2,089,172 15.630,034 16,974,114 51.354,628 28,445.611 5,380.062 34116,451 5,015.970
Lows fro. stockholders .............................. 333,372 294,179 1,856,235 2,592.668 7.718,256 5.9D4,520 880,996 93,810 1,032,071
Mortgages, notes, and bonds payable in one
ye r or more ......................................... 16,308.045 4,655,244 46,377,006 39,731,931 105,732,002 115,735,661 14,025.292 6,374,188 20,636.28D
Other liabilities ........................................... 4,565.924 1,186,325 15.630,328 14,952,280 83,497,325 84,246,673 6=842 4,850,743 7,8D7,924
Capital stock............................................. 1,754,664 922.677 7,907,308 9,674,026 29,705,368 18.648,418 3,295,196 934,305 3,349,556
Paid-in or capital surplus................. ............ 8,993,599 2.963.245 21,397599 36,921,723 117.158,129 120,999,107 11.319.019 917,184 16,596,229
Retained earnings, appropriated ..................... '24,981 89,308 60,059 962,679 460,613 43,742 1,054,230
Retained earnings, unappropriated ................. 10,834,795 3,848.732 24,223,408 22.117,462 97,137,973 140,817,902 4,184,250 -388,643 4,316,885
Less: Cost of treasury stock ..................... 490,145 228,753 3,250,DO2 4.589,08D 27,346,811 25,982,641 633X9 257,158 2,269,277
Total receipts................................................ 68.203,146 34,015,113 131,325,426 139.249,310 423,248,942 465,705,040 71.100,956 17.803.772 57.378.083
Business receipts........................................ 65,605,420 33,347,148 125,858,841 131,545,624 391,669,519 438.587,616 68,467,015 17,139,659 53,605,021
Interest.................................................... 855,173 77,064 1,377,113 1,517,045 6,654,743 8,228,817 738= 311,277 1,663,619
Interest on Government obligations:
State and local ...................................... 9,353 10,670 12,324 31,751 131.995 33,726 5,050 -2,470 3.707
Rents....................................................... 86,445 24,818 148,172 422,856 774.212 2,280,%6 79,233 24,551 92.651
Royalties .................................................. 48,410 41,566 775,455 1,247,532 5,740.173 1.076,978 602,419 52,865 389,D1 2
Net short-term capital gain reduced by
net long-term capital loss......................... 5,825 2,685 56,957 21,801 128,508 18,439 3,113 2 30.110
Net long-term capital gain reduced by
net short-term capital loss........................ 628,227 49,581 1,252,058 955,617 2,407,037 1.200,892 134,992 4,569 487,065
Not gain. noncapital assets........................... 106.618 6,811 1585265 210,691 787.279 1,628,893 113,325 1,587 162,936
Dividends received from domestic corporations 23,09D 9,680 68:41 1 6D,534 698,665 857.416 11,259 4,772 32,172
Dividends received from foreign corporations ... 163,306 54,337 402,931 259,721 5.253,499 3,695.226 429,762 13,797 276,671
Other receipts ............................................ 671,277 390,753 1,214,634 2,876,137 9,003,313 7,896,452 516,490 248,223 635,120
Total deductions............................................ 65,563,912 32,797,632 129,406,580 131,417,037 394,742,504 447,822.697 69201,983 17.581,652 56,137,818
Cost of sales and operations ......................... 49,021,562 22X3,189 88,489,026 61,150,598 229,450,305 340,727.672 46.652.753 11,757,561 35401,688
Compensation of officers............................. 1.003,018 517,023 721 983 3,128,Dl 5 2,571.756 529,428 972= 148,247 666.367
Salaries and vages..................................... 2,953,577 2,073,761 7,870,863 18,915,883 32,982,520 10,047,732 4,291,107 1,155,232 3,560,086
Repairs.................................................... 1,093,637 133,919 2,569,774 929,457 4,183,758 4,961,501 569,040 64.281 1,081,916
Bad debts ................................................. 143,511 151,272 273,250 1,092,951 735,462 470,873 202,970 41,721 2D9.971
Rent paid on business property ..................... 531,904 472,598 1,205,864 2.391,245 3,940.837 3.903,235 771,584 301,396 606,330
Taxes paid ................................................ 1,458,679 847,538 2,576,995 4.044,906 7,817,980 20,756,535 1.428,467 902.525 1,389,528
Interest paid .............................................. 1,745,065 499,384 4,662,724 4,995.551 12,816,024 14A35,950 1,951,664 646,645 3,202,483
Contributions or gifts.................................. 43,636 21,954 100.330 242,028 607.431 318,712 31,196 6,187 35,866
Amortization............................................. 67,881 74,180 284,143 1,559.012 1,475.759 1,094.355 245,090 35,153 167,736
Depreciation.............................................. 2,033,540 715,868 7,599,963 5,127,456 15,135~367 11,924,854 2,52D,422 368,679 2,172,960
Depletion .................................................. 492,782 *997 301,122 *5.370 308,862 2,095.165 -4,614 74,388 147,139
Advertising. .............................................. 305,958 591,831 1,072,683 2,853,427 12.649.431 1,060.853 784,142 372,584 327,661
Pension, profit-sharing, stock bonus,
and annuity plans .................................... 369,574 197,035 879,216 1,D69,840 2,742.743 1,455,540 793,400 55,534 527,191
Employee benefit programs.......................... 698,278 529,085 2,831,990 3,133,093 8,179,318 2,994,504 1,625ZM 190,644 1,283,058
Net loss, noncapital assets ........................... 22,465 20,925 143,811 244,693 309.610 97,924 123,072 6,140 74,190
Other deductions........................................ 3,578,846 2,977,073 7,822.840 20,533.512 58,835,340 30,547,843 6.234,996 1.454,735 5=,448
Total receipts less total deductions ..................... 2,639.234 1,217,481 1 918,846 7,832.273 28,506,438 17.882,343 1 A98,973 222,120 1.240,265
Constructive taxable income from related
foreign corporations.................................... 11.115 26,427 485,711 163,977 5,118,279 3,629,145 346,920 5.762 161,648
Not income (less deficit), total........................... 2,640,996 1,233,238 2,392,233 7,964,499 33,492,723 21.477,762 2,240,843 225,411 1,3SB.205
Income subject to tax ..................................... 2,476,143 1367,844 4295,593 8,315,562 34,793,001 21.056,430 3,096X4 426,203 1,877.640
Income tax, total 2......................................... 902,758 467,352 1,656,004 2,902,320 12.403,915 7,482.815 1.091.873 146,486 672,016
Regular tax ............................................... 837,328 463,210 1,494,042 2,855,516 12,133,721 7M6,624 1,D55,462 144,684 639,345
Personal holding company tax...................... - - - I - .6
Recapture of investment credit ...................... 4 39 353 - 2
Alternative minimum tax .............................. 62,135 2,687 155.306 35236 226.021 65,716 32,869 30421
Environmental tax...................................... 3,296 1,455 6,756 10,703 42,008 20,137 3357 425 2,433
Foreign tax credit........................................... 4,221 22,164 320.768 241,726 3,693,641 4,240,262 316,593 1,715 130,995
U.S. possessions tax credit.............................. - 103 *6,764 2,312.285 11,821 8.581 18,752 4,112
Orphan drug credit......................................... - 19,325 - -
Nonconventional source fuel credit..................... 3,860 28 63.865 283,288- 24- 3,767
General business credit.................................... 9,169 6,819 17,621 39,424 349.135 137,896 11,633 1,116 8,990
Prior year minimum tax credit ........................... 5,215 2,716 8,948 36,804 187,333 114,170 16.D67 1 = 7,707
Total income tax after credits' .......................... 880,293 435,550 1,303,779 2,576.053 5.778,332 2,695a77 738,976 123,674 516.445
Footnotes at and of table. See text for 'Explanation of .Terms" and "Description of the Sarnpl. and Limitation of the Data."

107
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120
Table 16-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry--Continued
[All figures are eitimates baud on samples-,money amounts are in thousands of dollars]

tinued

Item Electrical Transportation Miscellaneous

Primary Fabricated Machinery, and Motor vehicles equipment, Instruments and manufacturing

metal industries metal products except electrical electronic and equipment except motor related products and manufacturing
equipment vehicles not allocable

(26) f27) 128) (29) (30) 131) (32) (33)

Number of returns. toold .................................. 3.094 25.021 19,334 12.110 1.442 2,813 5.241
129,gS6.363 113,353.339 245,876.193 503~300,999 424,872,353 139.819,180 142,829a".,
Totel'awarts..................................................
3,524,930 4,189,341 10,437,096 19,679.172 11 =.390 6.179.231 6,109,696
Cash ..... .................................................
22,49OZ13 22,449,699 68.362,616 149,205.202 132,0r>4Z21 28.125-5,38 31.786.063
Notes and accounts receivable ..............:
424,041 .419.609 1,469,754 6,412,236 1324.496 880.476 681,548
Less: . Allowance for bad debts .................
16,262,565 17,694.263 34,609,880 37.940,137 18,017,139 27,847,431 15,298.464
Inventon as................................................
obligations ........... 261,078 219,125 910,903 15,955,496 -3,5M,693 '241,246 6,510,314
Investments in Governm.ent
'55,026 191,587 1,032,244 7,575,171 '31,437-506 '286,917 3,110,446
Tax-exempt securities .................................
4,972Z99 3,849,975 12,468,886 36,818,613 23,W2,793 5,295,80 10,762,315
Other current assets ...................................
297,797 767.103 750,526 584~306 146,850 655.608 102,393
Lows to stockholders ................................
'14,710 91.795 1 8D,401 6.576.587 15,317,901 '211,629 -131,164
Mortgage and real estate lows.....................
16.533.885 19,400,875 40.447,963 94,178,282 78.633,961 17,651,176 26.055,167
Otheir investments ......................................
88,997.273 57,705,843 116,328,781 171.431.682 158,257,76D 69.6138,136 50.592ZI 2
Depreciable ousts.......................................
43,577,889 30,712,301 69.892,703 92,639.542 81-5,81,932 35,767.582 26.121,710
Low: Accumulated depreciation ................
2.571,756 68.725 11 6,3D7 72,091 733 22D,437 466
Depletable assets......................................
1,153240 '28,447 '24,971 20.314 455 37,269 16
Lew: Accumulated depletion....................
1,460,056 1.504,922 2M7.672 2,733,413 1,677,246 1,801,416 1,102.786
Land........................................................
5,080,121 8,394,072 15.792,194 22,087,261 12,858,044 7,104,819 7,926,716
Intangible assets (amortizable) ......................
667,411 1,103,333 3,576,116 5,239,204 1,684,642 836,143 2,187,042
Less: Accumulated amortization................
11.267.036 9,089.705 16,834,267 42,774,880 50,775,539 12,021,125 12,331,362
Other assets ..............................................
129,96B,363 113,353,339 245,876,193 503.300.999 424.872,353 139,819,180 142,829,348
Total liabilities ....... .........................................
15,709,059 12,315,759 31,897,367 46,885,740 4Z345,245 12,517,721 15.592,177
Accounts payable ........................................
Mortgages, notes, and bonds payable in less
4.345,753 7,552,576 22,043,827 88,964,578 69,681.496 5,996,695 8,507.925
than one yew .......................................
12Z43,213 9.798,322 25,905,256 33.979.209 48,552,73D 32,132,769 21,633,415
Other current liabilities................................. 1,199,144
2,381,833 2.234,174 2,071,267 4,417,496 1,886.365 519,065
Loans from stockholders ..............................
Mortgages, notes, and bonds payable in one
25,956,846 24,108,941 57,454,430 64,921,966 77,3114,927 29.121 Z77 25,681,537
ye or, more......................................... 117~257,579
30,458,189 11,327.248 27,036,798 121,394,875 114.479,008 17,774,316
Other liabilities- .........................................
6,932,106 7,004,230 20,133,839 17Z29,135 8,628,758 8,899,105 8294,436
Capital stock .............................................
32,861,093 22,590,465 4::765 1,519 68.939,043 56,783 90 10,709346 25.097480
Paid-in or capital surplus......................... : ....
50,46D 111,970 77 238 44.279 1 3.571:590
'
Retained earnings. appropriated .....................
525,783 19,483,364 11,755,412 66,628.676 6,313,495 25,813,348 20,804,700
Retained earnings, unappropriated.................
1,597,973 3,173,709 5,958,829 10,103,996 1,133,616 3A26R52 4,810,634,
Less: Cost of treasury stock .....................
Toted receipts................................................ 118,809,437 142.286,868 266,310,767 354,053,947 346,568,541 160,437,559 121,161.150
114,661W9 138,427,531 235.534,668 327,023,212 308.627,668 151,334,418 112,161,410
Business receipts ........................................
1,280,130 878,667 3,713,188 12,431,088' 14,184,048 2,684,013 2Z21,744
Interest ....................................................
Interest on Government obligations:
...................................... 5,761 23,310 147,085 680,324 150,606 30,254 160.6D6
State and local
523,833 214,217 7,506.549 770,898 9,268,370 1,667,940 1,080,055
Rents .......................................................
204.923 429,320 12Z69,697 2,962,139 369.814 392,644 1,624,519
Royalties..................................................
gain reduced by
1.Not short-term capital 20.862 33,197 118,697 .70,458 23,281 140,702
net long-term capital loss ......................... 5.674
Net long-term capital gain reduced by -
245253 835.680 3=.739 536,079 404,624
net short-term capital loss ........................
228,862 187,958 343,441 1,572,153 2,133,042 1,067.440 400,597,
Not gain, noncapital assets...........................
63,194 244,566 133,268 279,089 110,194 98,683 63,863
Dividends received from domestic corporations
242.973 381,754 1.683,902 2,109,06 738,801 1,305.835 812,514
Dividends received from foreign corporations...
.................
1,399,001 1,233,430 4,DO9,892 3,683,202 10,379,46D 1,554,819 1,990,517.
Other receipts..........................
Total deductions................... : ........................ 120.355.628 137,595,111 263,979,028 337,745,707 338.276,407 154,567,369 115,660,954
89,726,316 97,628,817 163,637,888 206,931 Z34 235.124,235 114.765,D60 65,750,914
Cost of sales and operations.........................
761,976 3,223,761 3,051,364 3,439.181 683,059 646.514 1.411,416
Compensation of officers... .......... ..............
4,277,435 5,48OZ42 25,462.919 34,314,680: 13,145,835 8.843.790 14,936,953
Salaries and wages ..........1 ...........................
*
2X8,157 717,300 2.247.804 2.264,012 2,352,833 968,085 442.932
Repairs....................................................
205,140 322,720 861,886 2,998,664 1214,390 294,845 297,727
Bad debts .................................................
954,706 1,133,317 3.488,833 4,042,321 2,367,928 1,251,931 1,487.542
Rent paid on business property .....................
2,364,870 3,326,505 5,574,423 7,080,672 5,939,78D 3,044.2W 2,502.059
Taxes paid ................................................
2,975,036 2,982,756 7,244,739 15,269,382 13,991.727 3,540,754 3,175,194
interest paid.............................................. . 231,217
44165 64,423 127,497 225,049 86,962 131,059
Contributions or gifts..................................
253:353 373,571 904,712 1,007,416 563,650 256,955 488.476
Amortization............................. ...............
4,957,866 3,958,095 9,045,644 1 %320.605 17,660,821 3.640,018 3,546,572
Depreciation ..............................................
325,572 5,447 - 19,371 Soo 18,866 . 23477 6
Depletion ..................................................
228,561 1,367,205 2,439,234 3,979,803 3,375,326 363= 2,346,325
Advertising ...............................................
Pension, profit-sharing, stock bonus,
1,739,217 875,042 1,881,678 2,268,185 6,897,673 1.314.174 939,840
and annuity plans ....................................
..........................
2,801,767 2,814,924 6,760,279 7,354,173 13,063,394 3,375,798 2,719,153
Employee benefit programs
149,906 114,979 610,879 1.466589 45,753 184,177 164,027
Net loss, noncapital assets............... ...........
6,261,983 10.2M904 30,619.879 26,777,074 21,606,088 11.967.745 15,320,758
Other deductions........................................
-1,546,191 4,691,757 2,331,739 17,108,240 8,292,135 5,870,190 5-900,195-
Total receipts less total deductions.....................
Constructive taxable income from related
156,599 437277 2,642,211 1,672,659 7,254.801 310,578 872.556
foreign corporations ....................... ...... .....
-1.395.353 5,105.724 4,826,866 18,100,575 15.396,33D 6,15D513 6,212.145
Not income (low deficit), total ...........................
2.250,SD3 51819.188 8,162,623 21,748.020 113,15D1,056 6,251,436 7,2111,587
Income subject to tax .....................................
833,686 2,003.138 2,863,7D4 7,649.230 5,125,101 2,244,276 2,505,226
Income tax, total ..........................................
778,156 1,943,745 2,791,613 7,560,188 4,751,687 2,180,577 2,472,651
Regular tax............................................... - -
- (1) -
Personal holding company tax ......................
Recapture of investment credit ...................... - 23 '266 11- 3,619 is- 943
Alternative minimum tax.............................. 51,905 53Z62 59,492 49284 352= 47,426 23,497
...................................... 3,464 5,962 9,906 26,601 21,173 9.993 8,529
Environmental tax
125,099 281.899 676,049 1,051,056 2,683,646 128,427 51OA01
Foreign tax credit.........................................
U.S. possessions tax: credit .............................. is 5.586 '46,990 1~010.851 12,577 74D 412,228
- - - 1,161
Orphan drug credit .........................................
119- 1 -1287 42~ 201
Nonconventional wurca fuel credit .....................
7,68D 22.665 129,109 224,815 01.164 14,865 65,076
General business credit....................................
29,331 24,643 30,426. 253.133 84,267 '12,787 53,913
Prior year minimum tax credit ...........................
Toted income tax after credits" .......................... 671,439 1,668Z44 1.979,844 5,109,375 1 1,943,404 2,085,405 1,462,548
Footnotes at and of table. See text for 'Explanation of Terms" and 'Description of the Sample and Limitation of the Data.'

108
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120
Table 16-Balance Sheet Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
JAII figures are estimates based on samples-onsy amounts are in thousands of dollars)

Major industry--Continued
Transportation and public utilities Wholesale and retail trade
Wholesal7t re
Item Electric,
Total Transportation Communication gas, and Total Groceries Machinery, Miscellaneous
sanitary Total and related equipment, wholesale
services products and supplies trade

(34) (35) (36) (37) (38) (39) 140) (41) (42)

Number of returns, total............................. 73,292 71580 7,687 524,690 189,521 13,062 31.524 144,934
Toted waste ............................................. 1,730.9:::5 5:7
0 285.640,351 618,467,876 826,651,340 1,427.478.659 716,942,755 42.302,187 56,859.101 617.781,467
cash . ..................................................... 30.943.510 12,549,501 10,990,512 7,403,497 64,047,063 29,471,767 1,965,896 3,724,557 23,781,315
Notes and accounts receivable...................... 189495166 32.607787 1D6.536,340 50,301.059 291,489~926 18327BA42 11.565,977 17.102339 154,610.326
Law: Allowance for bad debts .................. 5:324:564 955:102 3,019,942 1.349,520 7.632,498 4,223,031 282,366 340,924 3,599.74D
Inventories ................................................ 27,345,708 4,676,647 5,512,354 17,156,707 348,269,689 177,778,631 9.946,470 17.440,101 1 SD.391,961
Investments in Government obligations........... 7,971,110 1,366,926 3,366,209 3,237,975 35,221,901 31,947,052 *35,762 '101,357 31,SD9.934
Tax-exempt securities ................................. 2.764,569 296,041 2,041,568 426.959 23,656,747 2,367,466 28,896 2,308,339
Other current assets ................................... 72369,321 13,911,994 27,411,981 31,045,346 125,135,781 84.923,425 1,239,419 2,540,657 81,143,349
Loans to stockholders ................................. 1:773,067
, 922,732 288,648 561.688 10,734,750 3,081,771 292,842 ~423,405 2,365.523
Mortgage and real estate loans..................... 2 345,407 608,028 94,867 1,642,512 6,499,213 1,678,983 223,772 85,334 1,369,877
Other investments ...................................... 280,359,035 35,783,219 169,029,463 75,546,353 155,285,673 67,833,978 2,883.494 5,168,147 59,782X8
Depreciable assets...................................... 1.438,784,088 260,284,261 395,406,316 783,093,510 441,031,339 165,844,160 17,973,370 15,818,860 132,051,931
Los : Accumulated depreciation ................ 545,358,830 104.040.398 173,531,044 267.787,388 198,939,359 80,219,614 8.947,282 8.412,897 62,859,436
Depletle assets....................................... 11.178255 779,355 9,728 10.389,172 3,760,581 3,419,496 29.627 3,352,964
Low: Accumulated depletion .................... 5,001,337 234,895 508 4,765.933 1.254,572 1,085,931 '12,785 9,895 1,063,252
Land........................................................ 13,095,075 4,414,010 3,738,382 4,942,683 35,934330 9,304,690 949,83D 906.763 7.448,097
Intangible assets Jamortizable) ...................... 78,317,475 9,422,527 58.772,359 10,122,590 52391,342 26,549,334 3,677,535 1,249,018 21,622,782
Less: Accumulated amortization................ 13.839,364 1,492,737 10,109,383 2,237,244 11,184,820 5,192,143 658,037 378,918 4,155,188
Other assets.............................................. 143,741,854 14,740,456 21,880,026 107,121.373 53.031,571 20,184,178 1,382,490 1,381,342 17,420~346
Toted Pabliftles,................................................ 1,730,959,567 285,640,351 618,467,876 826,851,340 1,427,478,659 716,942,755 42,302,187 56,859,101 617,781,467
Accounts payable ....................................... 89,344,493 23.735.322 28.003.400 37,605.771 230,905,148 132,076,650 9,821,296 13,020,302 109,235,052
Mortgages, notes, and bonds payable in less
than one year........................................ 129,841,050 14.794,449 84,604,609 30,441,992 242,042,378 170,857,386 3,396,251 9,531,213 157,929.923
Other current liabilities................................. 135,079.372 37,701,502 44,350,572 53,027,298 191,668,977 101,096,568 4,299,717 4,558,643 92,238208
Loans from stockholders .............................. 8,432,994 3,751,826 3.319,557 1.361,611 29,902,239 13,244,257 801,712 1,624,163 10,818,382
Mortgages, notes, and bonds payable in one
ye r or more ......................................... 497,301398 79.618,839 148,218,499 269,464,059 258.005,152 109,554,995 9,472,073 6,979,565 91,103,357
Other liabilities........................................... 298,456,094 49,086,622 83,939,211 165.430,261 105,728,931 28,081,638 1,692,386 2,191,193 24,198.060
Capital stock.............................................. 170,560,150 19,377,923 39,336,048 111,846,179 76,787,614 45,001,190 1,817,184 4,445,869 38,738,137
Paid-in or capital surplus .............................. 287444,745 45,476.398 161,199,449 81.168,897 148,672286 61,194.533 3664411 5,564 922 51,964.999
Retained earnings, appropriated..................... 12.153,025 1,782,923 7,293,327 3,076,774 1,069,633 482B6:43,3
11 :,
1:39 7.,214 313,013
Retained earnings, unappropriated ................. 11 9,80D,598 14,792,974 28,831,748 76,175,876 163,352,339 64,51, 7~93~
91 7,820,984 48,844,846
Less: Cost of treasury stock ..................... 17,854,352 4,478,426 10.628,546 2,747,378 20.656,037 9,243,260 684,784 955,967 7,602,509
Total receipts................................................. 957,338,187 323,435,843 283.477,262 350,425,082 2,721.121,036 1,328.881,535 184,609,372 109,572,654 1,034,699,509
Business receipts ........................................ 902,692,652 309,071.877 259,563,970 334,056,706 2,645,302,957 1,295 144,723 181,4312M 106,919,700 1,006,793,BDO
Interest .................................................... 15,783,576 3.333,917 6,552,559 5,897,099 26,131,753 13:429,286 475,482 658,908 12,294,895
Interest on Government obligations:
State and local ...................................... 286,616 27,833 131,648 121.135 1,459,31D1 190,523 13,714 14,161 162,648
Rents....................................................... 10,783,911 3,663,573 4,987,820 2,132,518 6,639,907 2,997,869 237,804 321,914 2,438,152
Royalties .................................................. 637,406 97,805 394,807 144,794 3,731,047 1,023,552 '21,490 36,539 965,523
Net short-term capital gain reduced by
not long-term capital loss......................... 205,246 45,232 81,751 78,263 349,8D5 108,695 8,390 4,057 96,247
Not long-term capital gain reduced by
net short-term capital loss........................ 3,198,103 737,954 1,174,736 1,265,414 3,093,862 1,408,365 71,104 160,006 1,177,255
Net gain, noncapital assets ........................... 3,493,204 1,437,694 507,128 1,548,382 3,123,164 2.076,887 48,509 245,820 1.782,558
Dividends received from domestic corporations 1,300.246 125.067 775,258 399,921 745,784 370,698 24.727 10,350 335,620
Dividends received from foreign corporations 222,228 88,019 113,218 20,991 1,039,876 732,547 16,618 59,048 656,881
Other receipts ............................................ 16.735,099 4,806,873 9,188,369 4,739,858 29,503,581 11,398.390 2,260,309 1,142,150 7,995,931
Total deductions.............. 906,410,526 320,096,431 259,076,531 327.237,563 2,686,235,477 1,316,710,485 183,104,257 107,602,333 1.026,003,896
7-* ...... *** *- .... ** 357,581,940
Cost of sales and operations......................... 119,011,388 73,258,586 165,311,966 2,031,538,745 1,079,238.120 156,491,043 80,875.966 841,871,111
Compensation of officers ............................. 6,660,651 3.946,965 1,311,045 1,402,642 33,087,832 16,977,716 1,318,498 2,856,673 12.802,545
Salaries and wages ..................................... 97,516,810 59,648,590 23.608,408 14,259,813 205,682,721 62,409,924 9,090,383 7,847,612 45.471,929
Repairs.................................................... 31,622,428 9,293,679 10,255,203 12,073,546 11,309,302 3,529,919 620,479 407,158 2,502,282
Bad debts ................................................. 7,593,963 1.114,265 4,921,301 1,558,397 8,742,827 3,064,056 337,081 366,414 2.360,561
Rent paid on business property ..................... 28,240.799 18,777,411 5,450,227 4,013,161 48,345,384 10,482,745 1,365,035 1,157,212 7,960,498
Taxes paid ................................................ 42,665,057 12,071,997 10,612,454 19,980,606 41,326,45D 15,134,095 1,880,825 1,487,206 11,766,064
Interest paid.............................................. 51,961299 8.837,428 17,481.380 25,642,491 46,002.276 17,811.364 1,269527 1,402,499 15,139.338
Contributions or gifts.................................. 652,926 116,763 272,895 263,269 814,315 354,487 50,973 47,335 256,179
Amortization............................................. 6,502,838 656,058 4,821,536 1,025,244 3,748,786 1.728,164 218,389 126,799 1.382,975
Depreciation.............................................. 84,852,924 18,623,674 32,113,526 34,115.725 41,577,652 19,259,664 1,469,226 1,997,682 15,792,756
Depletion .................................................. 945,816 163,431 12,759 769,626 263,125 244,792 5,763 235,367
Advertising ............................................... 6,684,616 1,885,065 4.342,123 457.428 33,176,077 10,885,366 803,593 564,609 9,517,165
Pension, profit-sharing, stock bonus,
and annuity plans.................................... 7,098,871 3,414,919 1,354,235 2,329,717 6,246,926 2,810,380 441,491 353,045 2,015,844
Employee benefit programs....................... :.. 21,912,868 9,104,982 8,276,073 4,531.813 18,406,913 6,25D.232 1,128,624 829,303 4,292,305
Net loss, noncapiteJ swats ........................... 2,104,847 267,925 1.159,024 677,899 2,041,730 918,693 91.514 95,946 731,233
Other deductions........................................ 151,811,871 53,161,892 59,825.759 38.824,221 159,924,412 65,610,768 6,523,914 7,181.110 51,905,744
Total receipts less total deductions..................... 50,927,661 3339AI2 24,40D.730 23,187.519 34.885.559 12,171 D50 1,5D5,1 IS 1,970,321 8,695,614
Constructive taxable income from related
foreign corporations.................................... 935,606 134,616 676,202 124,588 1,523.549 <)1,1 14,458 -1,231 18,934 1:094,292
Not income (loss deficit), total............................. 51,576,651 3,446,396 24,939,284 23,190,971 34,949.607 13,094,984 1,492,632 1,975,094 9,627,258
Income subject to t . .............. t ....................... 56,782,880 7,868,329 25,823,315 23,091,235 47,908,198 19,644,484 1,974,722 Z32D.833 15,348,929
Income tax, total 2 ................................... 20.712,634 2,907.146 9.172,478 8,633,010 16,323365 6,690.140 666,468 735,498 5,288,175
Regular tax ............................................... 19,662,552 2,625,536 8,990,412 8,046,604 15,654,508 6,378,907 658,457 717,673 5,002,777
Perwrial holding company tax ...................... - - - '344
Recapture of investment credit ...................... 14,374 3,503 10.871 '696
Alternative minimum tax.............................. 948,213 270,635 136,544 541,034 623,345 292,615 6= 16,165 270,230
Environmental tax ...................................... 94,339 11,145 41,570 41,624 50,110 17,888 1,943 1,565 14,381
Foreign tax credit ........................................... 343.148 60,433 262,007 20,708 732,240 415,031 2.565 13,856 398,61 D
U.S. possessions tax credit.............................. 82,567 is 82,552 - 22.269 2,186 128 2,058
Orphan drug credit.........................................
Nonconventional source fuel credit ..................... 210,874 -31 ~343- 17,181 162,349 57,070 57,022- 538 -1,761- -54,724-
General business credit .................................... 519,988 64.775 177,790 277,423 280,154 62,526 6,253 3,279 52,994
Prior year minimum tax credit........................... 657,825 78,025 359,064 220,736 128,788 52,423 4,502 6,955 40.966
Total income tax after credits$ ...................... " 18,898,189 2,672,555 8,273,883 7,951,751 15,102,844 6,100,951 652,609 709,519 4,738,823
Footnotes at and of table. See text far "ExPlanation of Terms" and *Description of the Sample and Limitation of the Data.-

109
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120
Table 16-Balance Sheet Income Statement Tax, and Selected Other Items, by MajorIndustry-Continued
[All figures are estimates based on samplw-Y amounts are in thousands of dollars]

Major industry--Continued'

Wholesale and retail trade--Continued

Retail trade
Automotive Furniture Wholesale
Item Building
dealers Apparel and and Eating and Miscellaneous and retail
materials, General
accessory home drinking retail trade not
Total garden supplies merchandise Food stores and
stores service stores furnishing places stores allocable
and mobile
home dealers stations stores

144), ' (45) (46) (47) 448) (49) (50) (51) (52)
J43)
22,451 21,861 73,329 105948 3336
331.833 2ZB46 3,621 32,768 49.010
Numbear of returns, total..................................
47.803,084 21,512.583 62.474,004 91.090:810 2,317:900
ToW assets .................................................. 708,218.004 33,11 SZ464 292,767,368 93,430,940 65.976.750
1.713.250 8,3D6,81 I . 5,956,128 4,529.322 2.132,904 11,597-564 3,356,731 6,639,046 343,520
Cash....................................................... 34.231,775
6,675,427 9,062,342 5,834,450 4,552,483 3,439,217 13,780,569 696,038
107,515.247 5.046.920 59,123,838
Notes and accounts receivable ......................
142,523 197,913 131,616 167,703 640,101 ?10,479
3,398.989 92,480 1,934,849 . 91,603
Law: Allowance for bad debts..................
114~301,159 8.193,039 1,724,813 34,151,506 460.790
170,030.369 11,060,713 48~399,175 19,695.420 32,5014,543
Inventories................................................
-7,761 -2,460,834 318,772 45.366 *61.579 *42,737 62,62D 275,181
3,274,849
Investments in Government obligations ...........
-477,244 '13,137 '23,776 '69,785 *8.939 98.603
21 R89,281 -1,163 -20,596,634
Tax-exempt securities .................................
1,870,080 2,677,592 723,318 1,606,463 3,146.303 153,281
40,059,075 11,723.878 25,744,618 2,566.824
Other current assets ...................................
198,466 3,255,773 209,109 699,558 673,641 450,634 1,037,747 1,425,270 *2,782
Loans to stockholders................................. 7,650.197
154,879 78,944 30,528 *39,267 298,908 112,013 .*3,968
4,816.262 423.068 *3,678,655
Mortgage and real estate loans .....................
2.955,761 7,865,759 1,572,648 7,957,711 5,520,303 254,407
87,197,288 1,871.759 53,401.500 6.051,846
Other investments..:.
21,251,723 19,709,054 7.254,926 44,548,833 32,265,778 619.109
274,568,069 13.463,765 75.D93,771 60,900,220
Depreciable swats ....... * ... **** ..........
10,900,472 8,540,353 3.623,469 19,492,615 16,369,379 334,120
118.385,625 5.840,148 26,278,343 27,340,846
Low: Accumulated depreciation
*****'* ....... * .....
................
-* ........ - - '121,732 *48,D23 *13,127
327,959 *33,892 115,484 -5,991
Depletable assets.......................................
-4,930 -2,160 *54,649 '37,177 -5,127
163513 6,854 57,743
Lew: Accumulated depletion....................
2.241,843 603,223 304,919 5,920,725 .1,892,580 57,857
26,571:784 2,273.176 8,171,099 5,164,219
Land ........................................
2,264,605 627,461 5,76D,887 6,466,232 18,357
25,823,650 862,766 4,033,365 4,712,353 1,095.982
Intangible assets (amortizable) **** ............ 10.439
645,481 697,657 426,394 462,815 135,839 1,648,726 1,745A01
5.982,238 220,026
Low: Accumulated amortization................
.......... * ...........
8,677,544 1,096,862 745,895 274,908 7,992,373 4,061,361 54,829
32.792,563 641,395 9.31012,227
Other assets ..............................................
292,767.368 93,430,940 65,976.750 47,803,084 21.512,583 62.474,004 91.090.810 2,317.900
Total liabilities ................................................ 708,218.004 33.162,464
16,232,737 6,940,818 7.484.728 3,902,951 4211,704 18.830,698 387,412
98,441,086 4,946,933 35,890,517
Accounts payable.......................................
Mortgages, notes, and bonds payable in less
2,4D4,711 21.191,658 5,843,603 25.731,219 3,899,019 1,709.695 3,245,669 6,705,802 453,615
than one year ........................................ 70,731,376
50,371,633 10,526,261 4,176,403 5,331,146 2.249,751 5,770.280 9,445,497 153,602
90.41 B,BD7 2,547,836
Other current liabilities .................................
1.115,168 2,644,526 1,212,892 654,691 3,151,518 4.329,769 104,944
16.553.039 1,102,766 2341,709
Loans from stockholders ..............................
Mortgages, notes, and bonds payable in one
51,364,386 31,744,496 10,103,619 6.953.604 3,233,552 2D,852,807 16,114,447 429,728
ye r or more ......................................... 148,020,429 7,653,519
9,802,423 1.3DO.497 2,065,540 1,227,416 9,128,055 4,898.DO3 90,06D
77,557,232 1,156,935 47,978,364
Other liabilities ...........................................
3,214,201 3,881,898 1,559,937 5,315,653 5.058,263 206,678
31,579,7474 1,544,701 7,191',885 3.813208
Capital stock.............................................
7,699.689 2,218,087 10,235,727 16,049,112 188,390
87,289,364 3.952,660 33,898,527 8.987.412 4,248,150
Paid-in or capital surplus ..............................
'32,292 66,958 74,919 *.126.568 66,889 63.193 110.431 *12,569
574,649 *33,398
Retained earnings, appropriated .....................
8580481 10,046,718 5,806,015 3,176,944 11,299,131 364,157
98,391,799 8.495,229 44,544,931 6 442A50
Retained earnings, unappropriated .................
898,716 11,11 16,4DO 2,677,546 1,750,342 73,253
11.339,524 676.223 2,038,535 1,143,677
' 1:038:084
Lew: Cost of treasury stock .....................
243,719.528 89,309,245 46.237,286 98.930,549 216,485,012 5.937.863
Total receipts................ : ............................... 1,386,301.639 72,219.820 322,075.098 297.325,101
86.413,974 44,989,609 93,406,491 212.231,628 5.822206
1,344,336,028 70,608,540 304,852,789 292,142,642 239,690,356
Business receipts ........................................
7,464,286 455,022 979,407 667,271 413.386 1,098,569 931,430 46,371
Interest.. .................................................. 12,656.096 646.725

interest on Government obligations:

4,105 21,492 7,677 11,709 25,904
1,268,666 25,602 1,132.409 39,768
State and local ......................................
245,084 49,825 503,982 217,647 *4,577
3,637,461 95,747 1,499,680 802,771 222.726
Rents.......................................................
393,824, 71,641 4,315 519,455 '17,028 989,441 497,796 56
Royalties .................................................. 2,707,440 .213,939

Not short-term capital gain reduced by

7,196 17,129 2,395 928 11,530 21,750 -7,919
233,191 9,658 162,604
net long-ter. capital loss .........................
Net long-term capital gain reduced by
674,614 118,038 110,568 213,520
- .98,548 249.1313 137,292 '17,751
not short-term capita! loss ........................ 1,667,746 65,854
161,814 103,671 307,150 12,189 41,182 241,481 143,376
1,045,972 35.106
Net gain, noncepital assets ...........................
39,133 12,113 67,998 5,558 -13,075 23,459 -2,145
372,941 17,609 193,997
Dividends received from domestic corporations
140 *34,871 87,364 113,090 1,914 994
306,335
Dividends received from foreign corporations ...
1,110,998 526,182 2,291,869 2,252,814 35,429
18,069,762 501.007 5.480.902 3.534,472 2,371.519
Other receipts ....................... ....................
241.815,972 87.313.873 45,697,431 96,619.773 213.598.921 5.741,060
Total deductions............................................ 1,363,783.992 70,491.003 314,547.904 293,699.115
52,437,571 29,137,732 39,598.099 145,3D3,299 4,438,807
947,861,818 50,986,289 207.298.078 220,509,238 202,591,513
Cost of sales and operations.........................
742,638 1,380,958 3,055,600 999.796 1,209,279 2,122,187 4,948,611 195,314
Compensation of, officers............................. 15,914,802 1,455,733
12,948,710 11,136,771 4,893,671 18,899,352 22,086,062 360,461
142,912,336 7,183,305 35,927,138 29,837,327
Salaries and wages .....................................
792,413 444,101 249,775 1,459,682 1,080.026 14,196
7,765.187 354,914 1,524,377 1,859,899
Repairs...............................
2,966,756 321,046 '310,749 400,746 299,463 220,332 932,750 13,748
Bad debts .......1 * * ...... ****'* 5,665,022 213,181
5,563,186 2.721,294 6,114,646 1,661.403 5,583,170 7,070,382 60,239
37.802,399 1,248,980 7.839,339
Rent paid on businew
.........................................
property.....................
4,506,994 2,980,939 1,998,669 967,206 4,049,366 3,909,420 84,129
26,108225 1,309,010 6.386,620
Taxes paid ................................................
1,033,439 547,277 2,957,052 2,501,348 64,400
22,126,513 1,170,351 8,684,674 3.244,686 1,987,686
Interest paid ..............................................
18,573 170,379 73,071 31,069 41,820 .20,087 37,285 66,396 1,149
Contributions or gifts.................................. 458,68D
239,581 123,538 172,844 40,937 424~921 590,902 1.555
2,019,067 58,827 367,516
Amortization .............................................
22,239,369 968,730 6,074,337 4,519,902 2,115,701 1,814,65D 642,071 3,107,443 2,996,635 78,618
Depreciation ......................... . 1
4,806 '233 *2.467 *1.535 '161 914
Depletion..............................* * ................ *** 17,419
6,139,176 2.607,470 2,255,822 1,715,098 1,889,347 2,570,981 4,263,442 30,717
22,259.994 818.657
Advertising .......................... ** ................. *
Pension, profit-sharing, stock bonus, ........ - .........
236,353 134,515 227,414 469,896 22,350
3,414,196 210,690 949.168 918,792 267~367
and annuity plans ....................................
412,356 3,176,990 3,739,438 1,157,013 682,376 279,967 1.309,363 1.355,868 43,316
Employee benefit programs.......................... 12,113,370
158.216 210,621 43,338 178,448 53,818 157,877 287.212
1,121,543 32,014
Net loss, noncapital assets ...........................
8,430,754 7,905,010 3~670,881 13,895,086 15,728,675 329,591
93,984,052 4.044.586 26,142,384 14,166.676
Other deductions........................................
1.728,817 7,527,194 3,625,985 1,903,556 1,995.372 539,855 2,310,776 2,886,091 196.863
Total receipts less total deductions..................... 22,517,646
-
Constructive taxable income from related............. - -
*313 29,019 231,501 54,161
4a.091 92,421 1,675
. foreign corporations ...................... :
2,002,900 532,179 2,530,568 2,914,348 196.752
21,658,071 1,703,215 6,487205 3,587,893 1,899,764
Not income (low deficit), total ...........................
1,961.182 7,691,208 4,381,938 2,054,640 2,962,178 876,114 3,403,381 4,702,868
, 230,205
Income subject to tax ..................................... 28,033,51019
2,914,099 1,512,612 624,959 992.727 263,605 1,130,514 1 483,929 74,996
9,558.235 635,791
Income tax, total ............................ .............
1.484,376 599,696 986,907 261,381 1,116,209 1,448,142 74,761
9,200,840 627,358 2,676,770
Regular tax ...............................................
'183 - - '130 '21
Personal holding company tax ...................... -
Recapture of investment credit...................... (1)
22,331- 29,248 2,361 1,677 10,427 31,708
33D,730 7,746 225,2U
Alternative minimum tax ..............................
3,458 547 .3.725 4.083 229
31,994 1,718 12,097 5,683 k682
Environmental tax ......................................
316,382 94 '45,236 1,734 *38 12,707 *693 241392
1 14,4:8 826
Foreign tax credit ...........................................
- - 9
20,082 14,639 3,128 642 :604
U.S. possessions tax credit.............................. -
- -
Orphan drug credit: ........................................ - - - -2
'46-
Nonconventional source fuel credit.....................
217,628 7,334 51,978 49.117 6,874 10,600 3,256 73.148 15,32D
General business credit ....................................
-7,068 42,374 11.777 *1,593 *1.149 3,542 5,444
Prior yew minimum tax credit........................... 76,365 3,417
624,946 2,795,132 1,416,258 605,628 967,827 258,507l 810,8261 1,448,605 74.164
Total income tax after creditV .......................... 8,927,7291
Footnotes at and of table. See text for "Explanation of Terms" and 'Description of tha Sampl? and Limitation of the Data.

110
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120
Table 16-13alance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
[All figures are estimates based on samplas.-money amounts are in thousands of dollars)

Major industry--Continued
Finance, insurance. and real estate

Holding
Item Credit Security, Insurance and other
Total Banking agencies commodity Insurance agents, Real investment
other than brokers brokers, and estate companies,
banks and services service except bank
holding companies
(531, (54) 155) (56) (57) (58) (59) (60)
Number of returns. total .................................. 292,007 10,387 12.096 9,493 2,981 30,739 198.956 27.355
Total
C.wh
seem .................................................. 8,715,368,706 4,404,606,432 1.795,289,611 749,100.407 1,252,248,373 33,523,000 240,673.372 239,927,510
....................................................... 423,041,605 301,046,324 64,100,732 17,637,210 11,294,104 5,386,276 16,957.834 6,619,124
Notes and accounts receivable ...................... 2,688,989,098 2,005,329.255 340,348,800 154,471,198 114,323,107 8,634,179 15,026,276 50,856,283
Less: Allowance for bad debts .................. 74,793,417 55,058.053 17,223,007 260,169 1,197,889 64,175 628,496 361,628
Inventories... ............................................ 11,308,859 151.678 599,385 405,394 2.451.852 -1,598 7.188.136 510,815
Investments in Government obligations ........... 777,990,380 567,905,629 68,204,860 32,331,216 102.822,779 453,163 1,102,790 5.169,943
Tax-exempt securities................................. 203,335.103 70,245,765 21,780,650 1,956,795 106,481,600 580.533 838,404 1,451,355
Other current assets................................... 821,619,638 208,013,488 95.189,826 321.781.518 151.343,066 2,197,898 14,711,017 28,382,826
Loans to stockholders ................................. 25,050,504 1,781,838 9.639,103 522,656 2,356,281 377,757 2,918,941 7,453.928
Mortgaga and real estate loans..................... 1,376,969,719 413.528,343 890,528,226 6,041.703 52,838,789 134,220 10,432,202 3,466,236
Other investments ...................................... 1,590,403.628 481,551,577 223.840,405 145,449,836 601,752.714 10,023,257 42,211,707 85,574,132
Depreciable assets ...................................... 316,794,330 103,528,235 28,192,364 10,284,480 31,235,255 5.599,743 125,530,756 12.423,497
Less: Accumulated depreciation ................ 120,515,627 45,757,393 12.094,030 5,211,406 7,888,876 3.144,502 41,288,206 5.131,214
Depletable assets ....................................... 1,291,292 7,695 14.882 227,427 618,403 416.021
Low: Accumulated depletion.................... 390,384 -3,321 3,826 102,108 164,059 114,164
Land ........................................................ 47.682,717 7,937,652 2,736,079 222,834 1,270,831 203,960 33,535,149 1,776.212
Intangible assets (amortizable) ...................... 45,883,634 19,228,879 10,923,981 3,408.467 4,424,669 2,084,640 2,935,535 2,877,462
Less: Accumulated amortization ................ 12,003,240 4,379,548 3,157.300 1,233,372 1,033,365 663.798 910,877 624,981
Other assets .............................................. 592.710.869 329,548,390 71,668,480 61,291,203 79,648,137 1,715,134 91657,861 39,181,663
Total liabilities ................................................ 0,715,368.706 4,404,606,432 1,795,289,611 749,100.407 1,252,248,373 33,523,000 240,673,372 239,927,510
Accounts payable ....................................... 401,629,082 139,315,690 72.436,562 136,527,983 29,677,653 9,835,534 7,459,037 6.376,623
Mortgages, notes, and bonds payable in less
than one year ........................................ 610.233,478 170,216,005 263,474,798 54,588,118 31,181,652 1,877,226 19,439,025 69,456.655
Other current liabilities................................. 4,818,404,251 3,228,554,518 757,063,373 460,232,561 330,586,267 3,731,029 12.931,704 25,304.799
Loans from stockholders .............................. 73,013,455 8.466,637 26,844,538 1,820,155 7,868,599 292,400 21,168,587 6,552,538
Mortgages, notes, and bonds payable in one
ye r or more ......................................... 804,750,933 207,110,484 365,579.829 31,338,715 58.323,775 2,835,967 90,879.243 48,682,922
Other liabilities........................................... 953,265,041 201,534.662 200.894,441 29,063,768 478,879,782 3.475,856 18,128,323 21,288,210
Capital stock............................................. 161,501,256 68,881,922 16,511,965 5,570,248 19,447,161 1,353,687 3D,933,906 18.802,365
Paid-in or capital surplus.............................. 556,108,032 196,228,540 85,572.614 14,909,732 143,277,033 3,767,760 67,497,581 44,854,774
Retained earnings, appropriated ..................... 22,534,561 2,127,206 5,164,591 46,372 12,604,141 32,433 1,971,164 588,654
Retained earnings, unappropriated ................. 337,501,760 186,531,55D 6,959.540 17,647,942 146,088,259 7,343,443 -26,626,020 -442,955
Less: Cost of treasury stock ..................... 23,573,141 4,360,781 5,212,638 2,645,186 5.685,949 1,022335 3.109,178 1,537,074
Total receipts ................................................ 1,184.491,382 377.090,981 1198,066,~27 81,849,972 399,887,458 27.108,752 76.613,468 23,874,524
Business receipts........................................ 552,730,364 54,688,829 57,112,148 46,564,887 301,459,963 25,720,273 58,287,065 8,897,199
Interest.................................................... 462,407,162 263,782,416 110.496,392 24,770.210 50.866,931 445,667 3,842,951 8.202,595
Interest on Government obligations:
State-and local...................................... 12,813,272 5,82D.121 1,DO1,076 244,023 5,391,952 50,764 109,549 195,767
Rents ............................................ ; .......... 23,578,053 9,921,214 2,256,772 682,118 3,289,133 96,693 5,718.566 1,613,555
Royalties .................................................. 11093,021 280,037 105,889 5,254 50,110 '10,223 227,539 413,970
Net short-term capital gain reduced by
net long-term capital.loss .............. ! .......... 4,497,039 194,794 271,086 699,901 2,980.288 25,022 96,490 229,459
Not long-term capital gain reduced by
not short-term capital loss ........................ 16,666,941 1.882,000 1,626,377 780,224 7,660,191 96.735 2,902,626 1,718,788
Not gain, noncapital assets........................... 7,836,958 4,954,177 1.992,001 165,492 270,481 38,237 301,129 115,442
Dividends received from domestic corporations 4,004,780 566,663 411,482 252,743 1,838,995 53,640 198,278 682,780
Dividends received from foreign corporations ... 1,264,507 389.409 37,929 119,525 368,686 125,049 27,889 196.020
Other receipts............................................ 97,599,285 34,611,123 22,755,076 7,565,595 25.710,728 446,427 4,901,388 1,608,949
Total deductions ............................................ 1,092,685,217 329.445.324 187,844,181 72,725,117 375,899,165 25,623,496 78,867,012 22.280,922
Cost of sales and operations ......................... 236,876,181 540,616 17,395,227 5,241,729 188,194,543 3,269,713 17,771,152 4.463,203
Compensation of officers............................. 29,269,904 13,215,535 3,035,931 3.955,355 1,928,298 3,153,047 3,502,822 478,915
Salaries and wages ..................................... 129,670,732 42,762,458 16,835,453 16,947,924 37,089,362 6,622,543 7,701,375 1,711,617
Repairs .................................................... 7,757,061 3,149,703 856,737 336,260 417,029 166,208 2,740,841 90,283
Bad debts.................................................. 37,216,448 22,526,104 10,626,907 695,156 1,432,050 107,626 999,041 829,564
Rent paid on business property..................... 18,204,365 6,515,301 2,388,217 2,225,505 3,477,932 1,082,036 2,234,926 280,448
Taxes paid................................................ 27,397,921 8,616,933 2,965,919 1,949,162 7,509,917 952,477 4,950,370 453,144
Interest paid .............................................. 252,754,769 131,738,333 74,246,604 20,361,815 10,668,466 404,317 9,106,042 6,229,192
Contributions or gifts .................................. 1,244,099 688,534 143,669 131,302 166,402 32,773 55,713 25,706
Arriorti.ation ............................................. 5,860,380 2,300,193 1,668,177 305,129 821,206 164,273 404,544 196,858
Depreciation .............................................. 3D,124,419 15,699,491 3.199,977 1,029,215 3,685,164 503,546 4,421,238 1,585,789
Depletion............................................... _ 204,800 19,611 5,071 '194 4,435 '694 28,393 146,402
Advertising ............................................... 8.890,721 3,370.928 2,291,739 1,120,261 979,996 225.469 740,938 161,391
Pension, profit-sharing, stock bonus,
and annuity plans .................................... 5,914,125 2,432,899 754,376 590,680 1,420,184 402,599 225.237 88,150
Employee benefit programs .......................... 14,504,988 6,839,164 1,639,544 817,445 3,543,723 800.797 643,927 220,388
Not loss, noncapital assets........................... 13,518,440 2,412,370 9,306,099 70,701 193,857 33,721 1,167,235 334,457
Other deductions........................................ 273.275,863 66,617,151 40,484,534 16,947,284 114,366,601 7,701,659 22,173,218 4,985,416
Total receipts law total deductions..................... 91,806,165 47,645,657 10,222.046 9.124,855 23,988.293 1,485,256 -2,253,544 1.593.602
Constructive taxable income from related
foreign corporations.................................... 7,065,779 3,414,891 418,638 569,636 1 ~361,816 215,757 5,702 1,079,337
Net income (less deficit), total ........................... 86,058,673 45,240,428 9,639,609 9.450,468 19,958.157 1,650,229 -2,357,390 2,477,172
Income subject to tax ..................................... 101.222,610 45,652,258 18,289,820 9,530,546 18,107,659 1.686,163 3,607,097 4,349,068
Income tax, total I............................... I ......... 35,525,267 16.104,684 6,246,945 3,329,686 6,711,615 541,963 1,069,798 1,520,576
Regular tax ............................................... 34,828,693 15,863,295 6,304,639 3.311,083 6,322,715 534,81)l 1,019,987 1,472,172
Personal holding company tax ...................... 7,057 - -7 3.221 3,254
Recapture of investment credit ...................... 345 '40 97 7 19 '157 25
Alternative minimum tax.............................. 686,849 189,318 43,571 7,246 357,870 5,652 43,356 39,835
Environmental tax ...................................... 128,874 55,606 22,857 11,366 30,852 1,510 1,631 5,051
Foreign tax credit........................................... 3,988,613 2,297,581 143,255 298,046 724,435 119,294 2,995 403,007
U.S. possessions tax credit.............................. 35,568 15,776 18,929
- (1)
Orphan drug credit ......................................... -
Nonconventional source fuel credit ..................... 19,057 9.009- 2,574 1,263
General businew credit.................................... 394,205 259,575 78.712 6.272 35,954 2,577 2,548
Prior year minimum tax credit........................... 793,886 452.774 92,523 28,659 189,070 1,766 21,539
Total income tax after credits3.......................... 30,293,938 13,069,970 5,910,953 2,993,255 5,760,892 417,202 1 093,094
Footnotes at end of table. Sao text to, -Explanatl7n of Terms' and "Description of the Sample and Limitation of the Data."
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS, FORM 1120*
Tab le 16-Balance Sheet, Income Statement Tax, and Selected Other Items, by Major Industry-Continued
' are estimates based on samples.-money amounts iri in thousands of dollars]
(All figures

Ma~r industry--Continued
Services

klotels Auto repair; Amusement Nature of -

Item
tend other Personal Busin as miscellaneous and , Other businew;
Total
lodging services se"i ~als repair recreation winners riot allocable
services services
places

(61) (62) (63) (64) (65) (66) (67) (68)

418,559 9,061 33.531 132.063 57,652 37,501 148.751 6,812

Number of returnal. total ...................................
.615,700.673 54,499,779 16,061.235 .197,014.100 43.219.256 152,096.640 152.889,663 1,024,100
Total assets .......... : .......................................
40,006,705 2.343,721 1,326.444 15,006,308 2,471,642 4,738.798 14,119,792 101,894
Cash .......................................................
104,734,441 3,561.193 2,092,420 ' 43.940,098 5,705i307 17,120,114 =3115,308 99.445
Notes and accounts receivable ...................... 770AS6 3,065,794
Allowance for bad debts................... 5,624,472 237.984 80,484 1,358.452 111,391
Less:
. 2,779.267 119,466
20,297,040 526,647 918,777 5,367,551 2,668.504 8,036294
:nv:ntories..
".- ... - ............ ** .........* ..... * ..... * 3,987,970 '20,087 -24,723 1,079,621 65,832 468,994 2.328,712
nv stments in Government obligations........... .1,588
2.102.275 *26,5DO '11 44,963 552,016 145= -77.581 1,155,632
Tax-exempt securities................................. 9,473,097 9,763,176 78,181
40,276396 2.839,443 617,655 15,305,117 2277,9D9
Other current assets................................... 1,327,253
5,532.332 1,101,399 291.6DD 11,432~327 439,094 940.659
Loans to stockholders .................................
3.425,202 251,790 -37,054 1,178,279 163.918 542,136 1,252,025
Mortgage and real estate loans.....................
143,240,198 11,297,421 1,874,831 46,267,074 2,685,810 582W,438 22,914.624 '190,022
Other investments ...................................... 04,531
264,921,837 31.699,425 10,628,416 72.331,760 35,958,148 48,441,708 65,562380
Depreciable swats ...................................... 93,473
115,996,549 10,106,923 5.968,393 37,298,16i 14,026,426 21,626,573 26,970,073
Lem: Accumulated depreciation................
269,777 -8241 88,529 .47,313 115,807 '38,899
Depletable assets ........................................
106.413 23,101 '21,940 -6,766 53,645 *19,505
Less: Accumulated depletion .................... 70.596
16,615,525 4.819,019 714,116 1,560332 1,341J15 3,942,725 4,237.619
Land.: ......................................................
54,784,363 1.700,021 2.098,785 21,198,527 2,871,824 13,693.716 13221,490
Intangible assets (amortizable) ......................
14,494,451 459,053 403,889 6,466,386 273,041 4,522,807 2369,276
Less: Accumulated amortization ................ 21,663
51,808,498 5,109,695 1,744,191 16,852.662 809,455 13A37,129 13,955367
Other assets.............................................
Total liabilities................................................ 615.780,673 54,499,779 16.061,23 5 197,014.100 43,216,256 152,096,640 152,889,663 1,024,100
51,675.288 1,914,776 885.320 20,812,582 3,245,746 12,382,609 12,434.256 133,902
Accounts payable.......................................
Mortgages, notes, and bonds payable in len 203,806
42.500,549 4.157,539 1,343:37g
700124 30
11:1.46::.,7
33~ 7,175,604 5,785,209 9.136,736
than one year...........................................
74.409,823 4.429,187 4,519.999 .13231,829 20,018,552 74,169
Other current liabilities .................. 5,300,508 137,628
18,410.352 2,768,135 763,137 5,460,176 1,3189,612 2,728.783
Loans from stockholders..............................
Mortgages, notes, and bonds payable in one
164,158,078 21.829,427 3,974,574 44,839,435 13,765,929 43,826,374 35,922,340 99,031
ye r or more .........................................
- 54,296.916 4,334,089 1,582,831 19,467,670_ 2,676,984 15,035,925 11,199,417 5,782
Other liabilities ................... : ....................... 8,755,678 418,405
41299,999 5,999,847 1,148,765 12~613,578 2375,144 10,466i987
Capital stock.... : ........................................ 318,024
162,992,868 13,762,834 2,366,104 47,191,479 '3,433,233 46,225,588 50.010,63D
Paid-in or capital surplus..............................
698,003 '14,334 51 ~341 1. 165,340 78,232 308,492
Retained earnings, appropriated ..................... -1 365,490
18,290,943 -4,202,403 4,016,826 7,390.79~ 4.767,421 4280,116 2,038,1 90
Retained earnings, unappropriated .................
507,986 771,167 6,939,165 608,647 1,890,044 2,235.135 -2,058
Lew: Cost of treasury stock..............; ...... 12,952,144
640,963,067 33,230,186 23,056,324 22~.~68,1123 59,382,596 83,543,090 216,381,949 907,970
Total receipts ................................................
598,370,945 29,512,465 21,952,891 211.746,686 56.033,183 74,052,120 205,073,602 851,535
Business; receipts...................... : .................. 16,725
9,032.659 827,151 4613,330 2,636,344 661,561 2.436,344 2.010,930
Interest .... ................................................
Interest on Government obligations:
614,384 9,553 21,319 398,400 5,948 30,916 148,248
State and local.............................. : ....... 613322
: ............ 2,492,722 210,000 31,170 507,652 541, 112 589,467
Rents.......................................................
4,826,593 294,754 184,924 1,867,998 *29,048 2.029,782 420,087
Royalties .....................................
Net short-term capital gain reduced b~ 60,735
2?1,485 '69,913 5,149 36,031
net long-term capital loss.........................
Nat long-term capital gain reduced by
2,186,491 346,301 66,913 527,374 81,844 265,902 898,157 -8,63
net short-term capital loss.......... :.: ............
...........
2,825,433 101,913 32,266 804,388 1,110,525 446,040 330,301
Net gain, noncapital assets ........ 87,591
306,657 34,203 23,711 115,059 6,606 39.586
Dividends received from domestic corporations
1,269,748 .76,942 21,216 480,643 -8,087 659,172 ~23,688
Dividends received from foreign corporations...
18,815,950 1,790,967 257,861 6,193,668 899,632 2,958,531 6,715,290 29,747
Other receipts......................... ..................
Total deductions ............................................. 628,156,059 33,033.465 22,137.826 220,149,498 58,297,723 82.129.222 212,40i.325 964,351
229,116,614 14,120,837 -7,464,104 84,101,139 26,695,383 33,536,0?1 63,199,082 543,465
Cost of sales and operations .........................
28,409,239 361,680 1,349,895 10,297,248 2,302,227 1 2,956,260 11,142,930 '17,261
Compensation of officers .... ........................ 101 i380
117,035,778 4,616,908 4,127,216 43,498,929 6,251,685 1 9,424.102 49,116,939
Salaries and wages .................. t ...................
-6,861,051 448,584 3i5,563 11,~134,655 1,073,553 786,576 1,802,120 28,372
Repairs ............ .......................................
5,700,836 670,352 '1 08,258 1,200,109 164,814 672,257 2,885,045
Bad debts................................. .......
21,139,800 837,725 1,213,425 7,109,913 2.556,065 2,479.903 6,942,769 '33,656
Rent paid on business property ...................... 25,307
22,265,342 1,528,885 1,000,710 7,970,926 1,968,447 2.357i365 7,439,DD9
Taxw~ paid ..................: ..... : .......................
18,529,564 2,047,45D 709,934 5,192.012 .1,885,691 4,424,124 4,270,353 16,273
Interest paid.................................. :.~ .........
322,811 30,660 22,515 106,700 21,107 45,103 96.725 *209'
Contributions or gifts.................................. *30
4,82~1,941 157,797 132,812 1,465,635 98,590 2,133.210 836,896
Amortization.............................................
28,655.012 1,527,875 844,625 10,082,989 6.114,592 4,945,445 5,139,486 16,966
Depreciation..............................................
24,179 6,813 1 15,526
Depletion ............. :............................ ; .......
9,171,703 657,067 528,065 3,447,919 744,309 2,280,909 1,513,434 4,974
Advertising ...............................................
Pensioh, profit-sharing, stock bonus,
3,804,780 69,159 136,290 -1,343,376 313.413 217,892 1.724,650 4618
and annuity plans.....................................
1 1,844,544 516,147 278,350 4,123,403 .733,872 658,080 5,534,692 -7,777
Employee benefit programs..........................
1,263,983 223,714 44,488 484,220 34.052 153,420 324,088 '10,377
Net low, nonca6ital assets ............... ; ...........
120,185,881 5,218,078 3,86~,529 38,283,513, 7,339,923 15.057,259 50.424.580 127,118
Other deductioni ..........................................
196,721 918,497 5,218.625 1,084,872 1,414,668 3,973,624 -56380
Total receipts low total deductions.....................
Constructive taxable income from related
846.783 2~,890 12,008 368,828 9~85 392,669 41,003
foreign corporations....................................
13,039,407 210,058, 909,187 5,189,053 1,088,309 1,776,421 3,866,379 -56,499
Not income (less deficit), total ...........................
22,030,683 1.382,214 1,145,039 8,311,594 1,258,980 2,393,342 7,539,515 25,237
Income subject to Is
7,333,209 478,587 353,253 2,795,636 373,815 831,014 2,5=904 4,192
Income tax, total -:..........
.......................................
............................. 7,143,253 468,001 350,478 2.716,955 355,280 792,843 2.459,697 4,078
Regular tax ............................................... - -
Personal holding. company tax ......................
14 5 9
Recapture of investinent credit ......................
165,200 8,277 1,787 70.706 17,376 34,214 32,839
Alternative minimum tax ............................ :. -.7
23.063 1,692 979 7,896 1,158 3,883 7,454
Environmental tax ...................... ...............
706,223 '35,906 12,881 424,573 198,057 34,416
Foreign tax credit..! ..................... ..................
11.699 5,848 2,235 452 3,163 100
U.S. possessions tax credit..............................
-
Orphan drug credit .........................................
8 33 *442
Noriconventional source fuel credit.:...................
233,333 22.579 3.572 147,096 15,146 10,287 34,654
General business credit....................................
165,071 .31,092 2,240 68.285 18,707 10,751 33,996
Prior year minimum tax credit ..................... : 1
Total income tax after creditaii ......... .... _ .......... 6,216,400 383,162 334,560 2,153,439 339,573 611,434 2,394,232 4,053
'Estimate should be used with caution because of the -all numbe, of sample returns on which it is based.
...Data deleted to avoid disclosure of information for specific corporations. Deleted data are included in the appropriate totals.
Less than $500 per return.
Also includes adjLmiments to income tax and to total tax which are not shown separately.
Also includes qualified electric y.hicl. credit which is not shown separately.
NOTE: Detail may not add to total because of rounding. See text for -,Explamtion of Terms* and "Description of the Sample and Limitations of the Data."

-112
 Corporation Returns/1 993
RETURNS WITH NET INCOMIE, FORM 1120
Table 17-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry
[All figures are *36=183 based on samples-oney amounts are in thousands of dollars)

Major industry

Minina

Item All Agriculture, Nonmetallic

Industries forestry, Metal Coal Oil and gas minerals,
and fishing Total mining mining extraction except fuels

(1) 12) (3) (4) (5) (6) (7)

Number of return3. total........................................ 917.273 7,039 79 187 5,600 1,173
Total assust ....................................... .................. 14,597.315,952 34,413.227 95,152,657 25.042,007 16.125.441 45.862.760 8,122.650
Cash . ............................................................... 578,926,475 2,482,392 4,605,455 1.080,309 252,618 2,912.289 360,239
Notes and accounts receivable ........................... 3,805,281.047 3.472.537 15.008.781 3,451.591 3,887,567 6.516,098 1.153,526
Less: Alloviance for bad debts ....................... 92.041.556 33,202 139.541 11.887 96.759 30.292
Inventories........................................................ 604.355,073 4.515,581 3.490.449 11.007,9139 218.490 1.720.020 543.M
Investments in Government obligations............... 807,994,980 101,078 303,648 '3.127 208,310 '54.734
T ax-e -emp, securities ........................................ 247,393,750 99,307 126.153 6.600 -43,882 -67,450 -8,222
Other current assets.......................................... 1.117.725,828 1.236,786 2.717,183 323.758 158,215 1,9%,284 238,925
Loans to stockholders. ...................................... 44,467,258 954.533 400,544 '10.332 148.239 31,022
Mortgage and real estate loans .......................... 1,255,408,240 .,w
248,005 52,790 69 -48,881
Other investments. ............................................ 2,822,757.768 2,980,619 23,934,896 8.893.111 6.857,304 7,126,425 1,058,056
Depreciable assets ............................................ 3,529,273,292 23,830,378 48.580,126 10,489.622 5,497,375 25,534,791 7.058,337
Less: Accumulated depreciation ..................... 1,603.472,320 15,321.852 25,801,003 3,889,090 3,105.683 14.630.378 4,175,852
Depletable assets .............................................. 92,306,095 563,584 24,937,569 2.297,888 394.810 21,246.325 998.545
Less: Accumulated depletion.......................... 45,868,777 176,702 11,425,536 626.090 199.535 10,447,014 152,898
Land ................................................................. 119,231,056 8,023,730 2,163.906 "M.870 641,290 828,385 407,360
Intangible assets (amortizable) ............................ 386,994.770 203,233 4.7",692 757,729 1,094,196 2.507,560 385,207
Less: Accumulated amortization ..................... 91,452,091 108.957 1,S45,018 242,314 568.634 992,116 41,955
Other assets ..................................................... 1,018,036,065 1,252,178 3,297,764 967,424 90,242 1,167,966 222,131
Total liabilitI43 ....................................................... 14.597,315.952 34,413.227 95,152,857 25.042,007 16.125,441 45,862,760 0.122.650
Accounts payable .............................................. 1,069.038,231 1.983,129 8.280.143 2,452.167 1.876,532 3,486,802 464.641
Mortgages, notes, and bonds payable in less
than one year ................................................ 1,169.987,250 4,016.738 3,243,910 857,795 212.192 1,925.850 248.073
Other current liabilities ....................................... 5,069,865,128 1,616.742 4,862,526 1,034,946 614,723 2,682,641 530,217
Loans from stockholders.................................... 121,423,510 1,343,229 1,008,607 -253,280 '310,1100 396,811
Mortgages, notes, and bonds payable in one
year or mare ................................................. 1,996.095,984 6.760,633 15.748,575 4,216,633 1,718,701 0,408,824 1.404.416
Other liabilities .................................................. 1.777,490,930 1,436.832 10.793.80 2.847,698 3.220,675 4.057,441 668,027
Capital stock ..................................................... 4W1111.593 3,923,518 4.949,425 1.420,714 136,665 3.114,148 277,899
Paid-in or capital surplus .................................... 1,495,575.412 2,944,018 37,813,168 10,067,343 7,940,488 18,699,169 1,106,160
Retained earnings, appropriated......................... 38.984.729 142,838 145.185 21.314 -30,667
Retained earnings, unappropriated ..................... 1,575,626,484 11,183,2S4 9,443.118 1.985,826 117,539 3.455.558 3,884,195
Less: Cost of treasury stock............................... 184.685,298 937.732 1,135,640 -115,709 422,746 541.069
Total receipts ........................................................ 7.703.331.535 46.449.365 46.822,376 8.010.650 5,867.660 26.086.095 6.837.965
Business receipts .............................................. 6,782,645.843 42,825,205 41,366,331 7.090.679 5.224.196 22,497,741 6,553,716
Interest............................................................. 529,511.505 357,869 1,169.035 233,891 130,458 768,755 35,832
Interest on Government obligations:
State and local .............................................. 16,152,274 16.613 13,046 2,428 '3,320 6,284 -1,034
Rents ................................................................ 57,633,999 442,063 283,074 10,928 16,731 175,313 80,102
Royalties ........................................................... 29.456,725 99.760 277,731 -26.413 26,271 205.432 19,616
Net short-term capital gain reduced by
net long-term Capital loss............................... 5,752.889 17,511 72,329 -4,843 -8,157 59,105 224
Not long-term capital gain reduced by
not short-term capital loss.............................. 38,179,375 815,217 673,845 182,186 84,576 398.240 28.843
Net gain, noncapital assets................................ 24.456,067 193,366 470,694 45,645 20,536 392,971 11,642
Dividends received from domestic corporations 9,988,017 77.543 150,518 '33,513 13,379 97,280 8,346
Dividends received from foreign corporations 24,134,770 39,538 280,774 -91,095 768 182,639 6.571
Other receipts ................................................... 187,420.071 1,764,692 2,064,998 308,334 359.269 1,302.456 94,939
Total deductions................................................... 7,254.577.900 43.525,129 41,052.674 7,159.292 5.591,808 22.764.073 6.447.501
Cost of sales and operations.............................. 4,296.417,807 25,030,467 23.555.256 4.283.716 4,024.937 11.502.572 3.744,032
Compensation of officers................................... 105.693,618 1,328,168 625,409 52,233 20.587 435.575 111,0911
Salaries and ages ............................................ 630,505.114 3,382,892 2,153,968 111,836 48,915 1,644,664 "8,564
Repairs ............................................................. 72,186,048 868,967 542,814 102,980 77,417 162,376 200.041
Bad debts......................................................... 50,115,877 44,562 74,880 1,347 6,731 53,636 13,265
Rent paid on business property.......................... 112,963.716 1,431,003 419,563 26,610 43,181 249,230 101.we
Taxes paid ........................................................ 191,052,204 1.120,700 1,468.486 222,237 311,192 703,0S9 219,999
Interest paid...................................................... 401.208,287 903,8W 1,715,641 430.231 100,070 987,734 107.606
Contributions or gifts......................................... 6,110,440 39,295 38.200 3,094 7,336 15.024 11,952
Amortization ..................................................... 22,911,212 58,095 284.053 130,519 17.059 108,482 27,893
Depreciation..................................................... 257,793,747 1,727,724 2,792,981 621,142 264,823 1,463,667 463.349
Depletion .......................................................... 6,050,076 14.027 1,770,862 SS2.833 140,214 915.459 162,356
Advertising ....................................................... 97.664,556 200,225 52,021 3,235 1,680 37,090 10.016
Pension, profit-sharing, stock bonus,
and annuity plans ........................................... 43,023,046 116,003 219.406 34,772 21,334 110,513 52,787
Employee benefit programs ................................ 111,704,620 452,217 495,901 48.029 48.752 264,496 134.624
Net loss, noncepital assets................................. 7.876,047 22,857 60.739 12,628 -3,198 42.434 2.479
Other deductions .............................................. 841,321,482 6,781,239 5,693,608 522,041 357,483 4.168,174 645,909
Total receipts less total deductions......................... "8,753.635 2,924,236 4.669,702 851,364 295,852 3.332.022 390.464
Constructive taxable income from related
foreign corporations .......................................... 33.994,654 -32,098 127,1 D4 6.354 2,092 118,471 188
Net income .......................................................... 466,595,915 2,939,721 4,983,760 855,269 294.623 3,444,229 389.618
Income subject to tax ............................................ 412,793,358 2,127,038 3,445,561 708,535 200.174 2,169,599 367.252
Income tax, total .................................................. 144,809,066 602,648 1,326,646 201,063 97,936 808.639 139.008
Regular tax....................................................... 140,831.948 582,265 1,182,744 247,295 68,872 742.122 124.455
Personal holding company tax ............................ 9,136 -1.970 (1)
Recapture of investment credit ........................... 18.108
Alternative minimum tax .................................... 3,534,813 19,212 -136,98 32,331 28.629 61,223- 14,015-
Environmental tax ............................................. 526,691 1,139 5,610 1.437 435 3.200 537
Foreign tax credit .................................................. 22.733,737 20,925 526.299 108,546 13,937 398.341 'S.476
U.S. possessions tax credit .................................... 4,722,588 342 -
Orphan drug credit ................................................ 20.486
Nonconventional source fuel credit ......................... 684.139 246 27,566 20 27.503
General business credit.......................................... 3,048,487 14.649 12,501 9 -1,442 10,088
Prior year minimum tax credit ................................. 2,842,160 8.299 56,392 14,279 '4.092 34,121 31899
Total income tax after credits3............................... 110,757.420 558.188 703,889 158.185 78."S 338.580 128,673
Footnotes at and of table. See text for "Explanation of Terms" and "Description of the Sample and Limitation of the Data."

113
 Corporation Returnsill 993
RETURNS WITH NET INCOME, FORM t120
Table 17-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry-Contin.yed
[All figures are estimates based on samples.-money on-writs .1. in ithousard. of dollar.]

Major industry-Continued
Construction Manufacturing
General
Ito. building Apparel and
contractors Heavy Special trade Food and I Tobacco Textile mill other
Total and . construction contractors Total kindred product~ manufactures products textile
operative contractors products
builders
(8) (9) (10) 411) (12) (13) (14) (15) 11161,

Number of returns, total ...................................... 11112.854 39.3DO 7.M 65,931 97.8N 5.043 1.826 3.933
Total assets........................................................ 118.172.60 51.991.537 32.676.146 31,504,659 3.381.326.584 290,020.442 -- 30.355,i63 28.959.395
- 704.416 1,058,697
Cash .............................................................. 12,464.071 5.344,429 3,080,202 4,039,439 60,205.500 4.352,068
-
Notes and accounts receivable ........................ 31,381.532 11,993,125 6.793,078 12.594.529 768,765,928 83,688.960 6.449.588 5,455,283
00,719 13,548,SW 553,516 - 129,9M 160.6S7
Less: Allowance for bad debts ..................... 234,291 52.208 81,364
Inventories..................................................... 11.231.793 7.524.044 878.124 2,829,B26
1 261,325,SW 25,103,510 5,892.990 7.020,892
Investments in Government obligations............ 1.123,879 371.283 704,991 47.606 31,231,2B9 1.750,324 -755.49D '26.08
Tax~xampisecuritlei ..................................... 635.069 38.674 453.064 143,331 20,933,119 314.186 -53,961
Other current assets.: ..................................... 11.401,480 6.690.733 1,898,260 2,812.488 161,105,721 11.435,479 711,710 1,208,197
854,899 - 187.208 112.937
Loans to stockholders.......................... : .......... I.W.252 584,391 362.243 644,618 14.992,906
- '11.490
Mortgage and real estate loans ........................ 5,465,465 5.242,093 50,456 172.917 25,371,179 46,681 -13,011
16,"7.722 5.M.375 8,610,692 1.248.655 863.871,115 74,461,501 - 3,222,594 6,766,763
Other investments : ....................................
Depreciable assets.......................................... 47.625,779 11.664,871 18.183,001 17,777,907 1,405.952,741 106,910,463 - 20,339.149 7,893,279
Less: Accumulated depreciation ................... 29.124.818 6.122,585 10.993,258 12.008,976 723,036,236 '49,471,992 - 10.733.058 3.720,OD4
. 333,457 *90,396 .235,346 '7,715 52.693,461 2,054 -
Deplorable assets............................................
Less: Accumulated depletion ....................... 133.960 *45,852 82,123 *6,985 28,328,768
Land .............................................................. 3,008,149 1,665,749 750,340 592,060 30,922,871 4,337,128 259,193 180.675
- 95D,578 1,920.627
Intangible assets (amortizable) ......................... 889,859 294,925 210,811 384,123 228,600,824 24,011,439
-
Less: Accumulated amortilratio . ................... 254.131 94,259 38,397 121,475 57,"1.499 2,785,081 178,491 493,378
Other assets................................................... 3,060,234 1,153,354 1.459,880 446,999 267,709,169 11,504.812 1,854,704 1,671,191

Total liabilities................ ! .................................. , 116.172,542 51.991,537 32.676.i46 31,504.859 3.381.326.584 296.020,442 30.355.163 28,959.395
Accounts payable............................................ , 21,055,661 10,357,060 4,248,076 6.450.726 378,972,327 77,253.294 2,844,073 3,020,536
Mortgages, notes, and bonds payable in less
than one year ............................................. 11,172,429 6.648,987 1,976.911 2,S46.532 292,001,818 22,664,2548 1'mwa 2.908,283
Other current liabilities .................................... 15.943,610 8.867.020 2.896,119 4,180,471 295,714,702 20,417.060 2.221,218 2,606,678
Loans from stockholders ................................. 3.418,2D9 1.678,929 468.754 1,270.526 45,193,801 2,406,577 353,127 313.198
Mortgages, notes, and bonds payable in one
year or more ............................................... 15.9W,256 9.156,147 3.549,341 3,202,768 631,264,381 53,059,868 7.425.808 6,141.620
Other liabilities ................................................ 5,202,220 1,648,303 2.801,949 751,968 516.057,878 22.093,822 1,428.193 1,201,925
Capital stock.............................. .....~._: 3,769,598 1,153.3 24 1.259,732 1,346,542 123.534,491 11.986,311 1.276.334 1,558,369
'453.790
Paid-in or capital su~plus .................................. 12 2,979.860
- 7,461,925 2,012,005 570.011.440 43,073,799 4,792,336 4U,676,333
I 1
Retained earnings, appropriated ....................... 229.699 -101.680 122,498 6,360,275 20,217 '1.429
Retained earnings, unappropriated................... 28,906,132 9,946.758 8,393,498 10,565,875 637,939,040 62,208.248 8.900,435 7.343,404
Less: Cost of treasury stock............................ 1,877,463 546,530 385,882 945,051 115,723,567 19,643,216 400,417 81 2,380

Total receipts ...................................................... 245.271,916 105,405,725 47.143,343 92.722.M 2,891.356.932 310.307.M 40,351.115 40.173,504
-
Business receipts.................................... r 239.269,621 102,532,042 45,014,306 91.723,274 2,698,209,251 296,190.038 39,668.869 38.818,WS
Interest ............................................ .......... 1,555,102 968,27S 413,218 .173,610 58.1 D4,044 2.806,368 186,919 2911,224.
Interest on Government obligations:
State and local ............................................ 65,137 20,927 31,841 12,370 1,514,696 37,239 8.863 21,868
- 27.999 47,461
Rents......................................................... 856,461 525.569 1T7,154 153,737 20,551,278 809,730
5,585 38,249 '7,710 20,722,379 2,851,739 - 42.375 434,063
Royalties ................................................ 51.5"
Net shon-term capital gain reduced by
net long-term capital loss............................. 31,945 11,711 14,987 5,248 765,800 36,970 4,015
Net long-term capital gain reduced by
net short-term capital loss........................... 345,566 166,270 77,737 101,558 12.118,660 580,724 44.445 33,724
Net gain, noncapital assets 8,637,149 242,043 101.413 18,821
I ....................... ....... 371,238 84.843 183,759 102,636
Dividends received from domestic corporations .74.896 18,501 42,863 13,532 3.667.258 542,236 17,367
Dividends received from foreign corporations 113,185 '65.947 '42,M1 *5.208 20,280.376 1.970.309 33,510 207,003
1,107.199 423.966 46,786,1143 .4.232,424 - 218.720 261,8 51
Other receipts ................................................. 2,537,221 1,0D6,056
Tot~l deductions................................................. 230.009,808 102.503,469 45.491,768 90.014,632 2,720.184.074 293.471,410 37,971.534 37,420,672
Cost of sales and operations 1 .................. 183,674,439 84,423,586 35,377.599 63,873,254 1.797,842,891 198,495.435 - 29.347,6" 26.798,225
Compensation of officers ................................. 7,777,10 2,410.407 9D6.937 4,451,762 21,767.413 1,566,372 402,753 608.663
Salaries and viages......................................... 1.1.365,874 3.6DS,802 2,051.829 5.707,243 182,614,640 1 7.712,256 1,697,230 2.4W159
. . 148,236 159,357,
Repairs.. ...................................... ; .................. .1.111, 856 269,636 355,317 496,903 23,322,295 2,327,9N
Bad debts ....................................................... 326,074 99,740 41,297 185.036 7,107,DO1 221.869 132,051 73,412
Rent paid on business property .................... 2,088,113 608,227 377,709 1,102,176 26,251,M 2,455,412 252,46~ 493,845
Taxes paid ...................................................... 5,186.597 1,446,657 868,536 2,881,404 74,162,427 7,111,481 901,017 910,758
Interest paid ...................... : ............................ 2,380,005 1,239,569 S",087 590,349 88,293,995 6,917.296 777,056 773,687
Contributions or gifts ...................................... 108,384 45,135 25,388 37,861 2,918,457 310,782 32,563 38,962
Amortization 1 ............................... ; .......... 117,293 41,907 42,781 32,604 8,435,285 858,372 60,105 90,884
- 667,436
Depreciation ................................................... 4,030,900 876,885 1,421,956 1,732,058 99,746,733 7,341,180 1.393,651
-
Depletion.. ...................................................... 39.6W -4,773 31,331 3,054.203 7,842 389
53,198 399.149 52,903.834 114,591,1196 - 291,253 867,983
Advertising ..................................................... 744.907 292.560
Pension, profit-sharing, stock bonus, -
and annuity plans......................................... 1.246.936 381,608 217,491 647,837 22,447,421 1,371,121 233,351 143,722
-
Employee benefit Programs ;.......................... 2,362,626 692,175 495,819 1,174;533 53,975.640 4.032,994 484,721 491,095
12,317 31,563 1,413,420 ID0,432 - 7,D62 7,521
Net loss, noncapital assets.............................. 61.734 17.854
- 1,809,966 2,836,062
Other deductions ............................................. 15,387.524 6,047.946 2,678,176 6,661,403 253,926,597 28,049,380
-
Total receipts less total deductions ................ 7,262.048 2,902,256 1,651,576 2,708,216 171.172,858 16,836,411 2,379.581 2,752,832
Constructive taxable income from related
-37,345 72 23,922,481 1.465,507 - 19.173 227,510
foreign corporations!....................................... 67.147 '29.730
- 2,389,891 2.958,474
Net income ................................................ 7,264.058 2,911,060 1,657,079 2,695,919 193,580,643 18.264,679
-
Income subject to tax ................................. 5,492,289 2.141.342 1,357,040 1,993,907 173,762,994 16,924,503 2,104,874 2,786,610
650,914 457,986 511,602 61.690,742 5,970,991 - 744.342 964,516
Income tax, total I ............................ .................. '1.M,502
496,589 60,216,346 5,884,080 - 723,116 957,583
Regular tax ................. : .................................... 1.560,43~ 628,751 435,091
Personal holding company tax ......................... '33
'137 .132 2 2 2,554 '429 -
Recaplure of investment credit........................
10,265 19."q 13,558 1,227,769 64,049 - 18,665 3,907
Alternative minimum tax .................................. 51,272
Environmental tax ........................................... 2,477 1,395 947 135 223,242 22,018 2.559 3.026
71,686 40.173 30.389 16,344,916 1,157,986 - 17.231 201,504
Foreign tax credit ................................................
1,082 4,568,902 575.577 - 41,139 43.727
U.S. possessions tax credit .................................. 1,141 59
Orphan drug credit ........................... ; .................. 20,486
.5m -
Nonconventional source fuel credit ...................... '392 368,072
22.179
7,73 3 9.492 4,954 1,571,448 66,183 - 14,339 6.027
General business credit .......................................
27,907 15.019 22,985 966,332 40,830 - 21,375 1,3031
Prior year,minimurn tax credit. ............................. 65,911
- 650,256 711,955
Total'income tax after creditss ............................. 1,458,813
574,676 401,612 482,525 37,850.586 4,129,884
Footnotes at and of table. See text for "Explarultion of Toms" and "Description of the Sample and Limitation of the Data."

114
 Corporation Returns/1 993
RETURNS WITH NET INCOME, FORM 1120
Table 17-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
[All figures are estimates based on samplas-oney a-ts are In thouSandS of dollars)

Major indus ry7continued

Manufacturing- Continued

Item Petroleum Rubberand

Lumber and Furniture and Paper and Printing and Chemical and (including miscellaneous Leather and Stone, clay, and
wood products fixtures allied products publishing allied products integrated) and plastics leather products glass products
coal products products

(17) 118) (19) (20) (21) 422) 123) (24) 425)

Number of returns. total ...................................... 47,67843.085 3.457 1.289 13.558 3.746 662 4.528 1.089 3,420
Total assets........................................................ 507 16.285,704 82,211,533 142.M.917 497142.946 512,732.830 37,312.615 4.848.941 43.962.640
Cash .............................................................. 1.496.051
- 620.848 784,067 3.999.171 li.379,000 2,282,612 1,149,227 208,801 1.312,495
Notes and accounts receivable ........................ 4,806.422 3,918,511 9,444.877 26,364,461 90,833,039 65,853.578 7,420.102 1.084,430 7.481,795
Less: Allowance for bad debts..................... 89.428 115.624 334,243 2,107,738 1,577,787 527,716 232,355 50,430 287,064
Inventories ..................................................... 5,308.661 3,273.399 7.717,170 6,031.315 37,071,626 15,932,169 5,672.697 1,499,295 3.705.068
Investments in Government obligations ............ *126,852 -18.530 *200,803 542.960 1.008,529 -156.237 *1 7,488
Tax-exempt securities ..................................... '9.869 55,899 23,265 448,030 2.108,580 W7,330 16 17,782 52.075
Other current assets....................................... 2.187,007 650,762 2,998,801 7,152,747 17,320,377 24.315,618 1,018.DD4 295.607 1.711.068
Loans to stockholders..................................... 90.674 25,889 162,510 481,928 6.214,566 4,023,585 175.761 83,242
Mortgage and real estate loans ........................ *1,305,410 -216,274 37,576 447,253 -6,279
Other investments ........................................... 7,331,571 1,788,329 21,213.637 43,001,288 149,555,096 181,293,571 6.211,038 560.323 9,433,590
Depreciable assets .......................................... 31,361,727 9,005,278 59,322.555 56,172,871 202,945,508 282,422,057 25.993,426 1,362,245 27,496,701
Less: Accumulated depreciation ................... 17.M,946 4,866,622 28,252,520 29,397.006 99,033,787 146,517,724 13.197,438 742,687 14,915,423
Depletable assets ............................................ 4,007,772 *610 1,917,266 *89.731 5,801.620 38,633.221 922,632
Less: Accumulated depletion ....................... 134,713 27 372.542 -76,981 3.914,501 23,089,497 12.704 126.515
Land .............................................................. 725,896 216,335 694,708 1,692,179 4.626.724 6,645,233 358.827 38.161 1,278,333
Intangible assets (amonizable)... ...................... 476,578 1,369,959 2,423,364 22.829,387 28,743,015 38,310,097 1,752.323 248,593 3.832.657
Less: Accumulated amortization ................... 113,961 223,272 537,835 5.335.002 6,847,734 22,708,619 502.041 27,296 922.908
Other assets ................................................... 6.728,065 528,119 4,589.375 11,016,998 49.461,831 45,270,474 1,449.788 320.125 2,871.508
Total liabilities ..................................................... 47,678,507 16.285.704 82,211.533 142.943,917 497.142,940 512.732.830 37.312,615 4,848.941 43,962.640
Accounts payable ........................................... 3,597,276 1,759,240 7,877,473 10,895~592 53,440,130 42.167,866 3,875,605 746,849 2,914.146
Mortgages, notes, and bonds payable in less
than one year............................................. 2.016,092 957,864 5,308,024 5,586,072 28,910,431 27,313.911 3,219,352 163,217 2,030,618
Other current liabilities .................................... 4,024,703 1,636,944 5,641,582 14,646,650 44,728,914 26,012,580 3,767,640 448,371 3,338,485
Loans from stockholders................................. 246,006 1185,600 1,523,617 1,893,344 6.456,490 5,659,561 451,030 62,964 779,787
Mortgages, notes, and bonds payable in one
yea or more ............................................... 14,&M,656 3,165,081 17,344,429 33,500,915 83,787,170 96,200.271 6,778,689 1.016,262 12,416,996
Other liabilities ................................................ 4,011.668 1,017.620 8,188.328 14,000,108 75,742,728 75.556,359 4,126,081 392,733 6.041.761
Capital stock................................................... 1,387.426 679.593 3.421,394 5,200,706 23,418,854 16,244,768 1,997,321 307,359 1,642.692
Paid-in or capital surplus.................................. 8,320,672 2.233.622 12,865.847 32,206,307 94,649,937 111.854,785 6.388,697 408,164 10.467.953
Retained earnings, appropriated ....................... -24,981 45,870 '56,920 898.496 450,826 43J42 143,863
Retained earnings, unappropriated ................... 9,563,927 4,773,875 22,894,001 29,401,987 111,302,648 137,242,955 7,165.802 1,521,482 6,247,141
Less: Cost of treasury stock............................ 352,9M 124,435 2,899,032 4.444,684 26,190.652 25,971,052 501,344 218."9 2.059,802
Total receipts...................................................... 57,929,594 29,053,860 73,924,735 120,460,30B 379,089,738 426.066.082 54,009.015 0,190,141 39.204,445
Business receipts ............................................ 65.592,180 28,581.194 71,134.786 113,479,097 350,410,306 400.578,885 51,998,618 7,989,079 37,411,085
Interest .......................................................... 807,009 72,942 522,528 1,343,848 5,642,118 7,556,752 433,555 15,867 342,004
Interest on Government obligations: '
State and local............................................ 9,035 10,670 11,155 30,889 130,604 29.832 5,048 -2,470 3,111
Rents............................................................. 75,669 19,120 77,738 402.707 708,685 2,157.803 60.474 3,991 64,054
Royalties ........................................................ 48,195 36.740 631,815 1.180,719 5,461,762 1,036,098 458.935 35,215 316.769
Nat short-term capital gain reduced by
net long-term capital loss ............................. 4,877 2,685 55,284 20,133 108,676 15,588 3,017 2 24,076
Net long-term capital gain reduced by
net short-term capital loss........................... 527,832 46,616 558,455 730,548 2,117,523 1,053,685 97,604 3,182 204.246
Net gain, noncapital assets.............................. 82,386 6,259 84,124 183,557 684,734 1,263.708 100,782 '763 142.372
Dividends received from domestic corporations 21,883 9,667 60,312 153.375 588,392 782,603 10,137 2.499 25,670
Dividends received from foreign corporations 162,454 53,640 380,684 259.420 5.200.627 3,877,120 401,471 7.426 243.620
Other receipts .................................................. 598,073 214.334 407,854 2,676,013 8,036,311 7,714,008 439,374 129.647 427,437
Total deductions................................................. 55,040,908 27.549.982 69.853.400 111.264,170 346.676,837 407.522.301 50,915.120 7,745.382 37,061,798
Cost of sales and operations............................ 41,085.862 19,557.490 44.585,197 50,772,324 199,239,937 312,567,954 34,852,313 5,"1,429 23,224,357
Compensation of officers ................................. 798,849 417,467 513,258 2,373,569 2,020,879 458,201 806,947 107,073 508,606
Salaries and wages ......................................... 2,419,638 1,788,958 6.170.461 16,730,565 29,661,230 9,210,769 3,156,189 645,606 2.830,012
Repairs ........................................................... 1,029,562 116,105 1,240,334 813,039 3.832,911 4,076.210 493,038 26.386 798.071
Bad debts....................................................... 115,328 78,869 107,263 917,614 599,381 412,005 144.229 16.330 161.983
Rent paid on business property ........................ 410.933 378,794 626,632 2,027,583 3,408,611 3,554.024 591.937 201.582 418,455
Taxes paid...................................................... 1,271,316 741,165 1,569,531 3.562.882 7,165,058 17,084,681 1,101,957 179,615 961,416
Interest paid ................................................... 1,572,119 337,271 1.684,096 3.966,108 9.756,270 13,168,563 1,G45.229 80,939 1.212.700
Contributions or gifts...................................... 43.628 21,954 100.259 241,619 606.537 318~699 30,699 6,187 35,079
Amortization ................................................... 51,177 39.221 153.953 1,233,619 1.136.867 1,045.587 92,627 7,911 90,319
Depreciation................................................... 1,641,593 612.916 4,019,733 4,441,400 12,635,138 10,752,336 1,762,533 105.778 1,459,600
Depletion ........................................................ 482,847 182,020 -4,889 270,707 1,778,504 1,533 101,627
Advertising ..................................................... 272,765 461,694 681,265 2,555,238 12,131,082 952,419 564,068 232,380 265,736
Pension, profit-sharing, stock bonus,
and annuity plans .......................................... 339,885 181,064 706.529 1,008,747 2,577,576 1,379,873 519,794 18,955 449,232
Employee benefit programs............................. 603,845 456,494 1.662.704 2,810,470 7,388,846 2,426,492 1,088,347 86,176 849,953
Net loss, noncapital assets .............................. 11,581 13,9" 44.701 124.285 219,987 61,163 15,210 3.639 24,483
Other deductions ............................................ 2.889,980 2,347,562 5,805,463 17,681,220 54,025,818 28,274,821 4,M.780 583.804 3,670,110
Total receipts less total deductions ...................... 2.888,687 1.503,886 4,071,335 9.196,138 32,412,901 18,543,781 3,093,895 444,759 2.142,646
Constructive taxable income from related
foreign corporations .............. ......................... 11,115 26,427 465.062 162,794 5,014.279 3,584,692 324,357 2,803 146,155
Net income ........................................................ 2,890,766 1,519,643 4,525,242 9,328,043 37.296,577 22,098,641 3,413,204 445,092 2,285,691
Income subject to tax.......................................... 2,476,143 1,367.8" 4,295,593 6,315,562 34,798,D01 21,054,029 3.096.384 426,203 1,877,640
Income tax, total ~............................................... 879,801 467,347 1,606,213 2,896,703 12,376,085 7,458,201 1,090,567 145,603 668,795
Regular tax ..................................................... 837,328 463.210 1,494,042 2,855,516 12,133,721 7,365,808 1.055,462 1 ",684 639,345
Personal holding company tax......................... -
1
Recapture of investment credit................ ....... 1 39 352 2
Alternative minimum tax.................................. 39,302 2,682 105,956 30,339 199,232 62,384 -31.564 '494 26,993
Environmental tax ........................................... 3,172 1,455 6,440 10,683 41,865 27,990 3,357 425 2,410
Foreign tax credit. ..................... :......................... 4.221 22,164 320,768 241,726 3,693.641 4,240,262 316,593 1,715 130.995
U.S. possessions tax credit.................................. - 103 '6,764 2,312,285 11,821 8.581 18,752 4,112
Orphan drug credit ....................................... ...... - - -
19,325 -
Nonconventional source fuel credit...................... 3,860 28- 63,865
1.6w 283,004 24 3.767
General business credit ....................................... 9,169 6,819 17,621 39,424 349,135 137,896 11,633 1,116 8.990
Prior year minimum tax credit .............................. 5.215 2,716 8,948 36,804 187,333 114,170 16,067 1,229 7.707
Total income tax after credits .............................. 857,335
435,545 1,253,9872,570,436 5.750,501 2,671,048 737,670 122,791 513,224
Footnotes at end of table. See text for -E,planation of Terms" and *Description of the Sample and Limitation of the Data."

115
 Corporation Returns/1993
RETURNS WITH NET INCONIZ, FORM 1120
Table 17-Balance Sheet Income Statement Tax, and Selected Other Items, by Major lnd.ustry--Continued
[All figures are estimates trased ort samples-y amounts are in thousands of dollars]

M.ct.
M r indo 7_ nUnued
rainued

Item Electrical Transportation Miscellaneous

Primary Fabricated Machinery, and Motor vehicles equipment, Instruments and manufacturing
metal industries metal products except electrical electronic and equipment except motor related products and manufacturing
equipment vehicles not allocable

126) . (27) 428) (29) (30) (31) (32) 133)

Number of returns, total ...................................... I 5110 16,795 11.11139 6.948 930 1.128 3,270
Total assets ........................................................ ".696.487 85.212,557 155,880,792 440.082.440 411.122.605 112.152.868 126.896.736
Ca 1.715,453 3,347,671 5,677.WS 14,878,612 10.497.965 5,406,856 4,682.953
Notes and accounts receivable ........................
sh .............................................................. 9,325,532 16.385.682 44,362.978 131.791.925 129.159.425 22.977,965 29.238,450
Less: Allowance for bad debts ..................... 166,064 322,314 836.788 2,898.939 1,237,165 526,1151 564,259
Inventories ..................................................... 6.492,397 13,792,334 21,078.659 29.700,762 16,052,477 22.504:254 12.336022
Investm nts in Government obligations............ -40,087 217,861 170,085 15.905,636 -3,437,279 223 973 291:232
Tax-exempt
or securities................. ................... -54,109 182.M 1.017,045 7,519,415 -3,437,506 285,497 3:110 371
Other current assets....................................... 2,009.729 2.810,040 6.456.eW 32,674,646 22,989,962 3.626,519 9.624,396
Loans to stockholders ............... 174843 665608 265.751 401.753 137,331 610,661 87,147
........... .1
Mortgage and real estate loans - :706 62'711 143,608 6,563,258 15,317.901 -2DS,997 -130,792
Other investments................. ...... .....*.'.'.'.'.*.'.'.*.'.'.'.*.*.'.'.*.'.'. 6,120.515 1 4,758,146 31,091,676 88,099,944 77,737.860 14.353.042 24,373,657
Depreciable assets .......................................... 29,224.762 44.180,790 64,309,127 146,376,751 150,577,749 56,436.437 45,282,972
. Less: Accumulated depreciation................... 15.146.8" 23.697,566 37.227,303 79,M.303 78,302.871 28.482.798 23,481,852
Depletable assets ................................... 886.023 -26.018. 64.987 733 143.008
Less: Accumulated depletion ....................... 478,833 -15,680 17,830 455 30.900
Land.............................................................. 455,705 1,074.829 1,562,505 -
2,04S.368 1,552,191 1,151.888 951,862
Intangible assets (amortizable)......................... 5,477.989 -
1.368,170 10.704,862 14.949.484 12,252,585 5,427,513 6,071.397
-
Less: Accumulated amortization : .............. 391,205 644,54i 2,164.956 3.506.872 1,439,523 562,564 1.621,891
Other assets t ........................................ 3.010,403 6,910,811 9,009,741 35,356,855 -
48,951,666 0,400,672 10,183,487
:
Total liabilities ............................................ ".696,487 85.212.557 155.880,792 440.082.440 411.122,605 112.152,868 126.8911,736
Accounts payable ........................................... 4,814,894 7,796,588 22,608,671 38,213.468 39,768,087 9,706.914 14,504,61 1
Mortgages, notes, and bonds payable in less
than one year............................................. 1866066 5,184265 .289 -
79,346,479 68,731,115 3.865.372 7,825,290
Other current liabilities .................................... 3:952'.057 -
6,949:231 17:32:,748
1' 24,372,521 46,747.393 26,670.651 18,548.541
-
Loans from stockholders .................................. 1,686.335 1,493.478 839,247 3,729.833 1.599,378 353,307 770.299
Mortgages, notes. and bonds payable in one
year or more. .............................................. 7,634,323 -
17,054.921 35.109,642 54,527.161 73,812,064 21.748.991 22,670,394
Other liabilities ................................................ 5,427,589 7,106.986 13,159,797 112,728,485 111.064.392 14,585.284 15,280,311
-
Capital stock ................................................... 2,241,648 4,541,649 12,701,611 10,204.959 6.599.115- 5,149,408 4.050.817
Paid-in or capital surplus.................. :............... 9,085.223 15,097,873 24,135,334 49,023,108 51,263,119 .6,300,590 15.902,875
Retained earnings, appropriated ....................... -
57,635 111,313 23,124 -20,361 '143.121 3,671,590
-
Retained earnings, unappropriated................... 8.740,9" 22,6".119 24,162.340 76.313.827 12.825,787 26,415,275 28.356,348
Less; Cost of treasury stock............................ 798,289 2,714,190 5.238,199 -
8.400,525 1,108,206 2,786,044 4.584,340
Total receipts ...................................................... 50,925.402 110.275.732 188.258,920 288.524.821 325,130,871 130.775.693 100.715,740
Business receipts............................................ 49.068553 107.109,930 157,233,688 263,037,932 287,691,446 123,346,771 98.352.747
Interest .......................................................... 422:188 751,546 2,207,696 11,841,689 14.079,010 2.394,545 2,077,367
Interest on Government obligations:
-
State and local ............................................ 5,071 22,784 90,805 667,9S7 150,437 27,780 159.856
Rents............................................................. 406,240 181,251 1,938.670 367,931 9,234,621 -
1,50,847 1,030,383
Royalties........................................................ 145,114 367.511 -
1,832,962 2.565.680 362,042 179,648 1.596.567
Nat short-term capital gain reduced by
-
net long-term capital loss 20.707 18,930 110,332 68.693 '21,747 130.908
Not long-term capital gain reduced
..............
by* ..............
net short-term capital 1033 ........................... 78,901 -
202.956 694,195 3,167.116 534.589 166,435 371,806
-
Net gain, noncapital assets.............................. 101,979 148.544 267,504 1,525.414 2,087,302 962.801 390,055
~ 51,426 -
Dividends received from domestic corporations 14.721 240,342 105.702 214,005 109,126 89,712
Dividends received from foreign corporations..: 189,568 349.692 1,174,176 -
1.922.620 697.576 1.103,983 8W.164
Other receipts................................................. 492,634 880.469 2,704,614 3.104.080 10,116.031' 918,367 1,754,439
Total deductions................................................. 48.365.162 103.820.334 159.828,134 205.228.883 316.371.418 123,511.078 99.405,748
Cost of sales and operations ............................ 37.790,510 73,116.248 107,248,028 164,648,698 216,596,5" 93,189,448 56,860.197
Compensation of officers ................................. 428.808 2.583,M 2,233,727 2.660.962 OW,691 438,712 1,063,167
Salaries and wages ......................................... 1,884,839 6,408,721 13,632,466 26,354,802 12,663,087 6.923,345 12,827,334
Repairs ........................................................... 518,045 583,502 1,260,780 1,838,115 2,307.086 078,525 370,797
Bad debts....................................................... 60.955 222,355 359,600 1.593,661 1.194,661 232,SQ 240,494
Rant paid on business property........................ 272,486 .847,404 1,691,232 3.084;200 2.289.366 907,398 1,246,249
Taxes paid...................................................... 985245 260811 3.540.116 6.630,771 6.701,302 2.369,242 2,105,313
Interest paid ........................... 7 ....................... 899:959 2:079:378 4.065.325 13.270,6W 13,604,218 2.487,989 2,716,745
Contributions or gifts ...................................... 44,130 03,812 121,056 226,056 225,046 86,784 129,619
Amortization ................................................... 100,427 213,777 598,671 772,426 621,386 183,011 359.298
Depreciation................................................... 1,690,669 3.113,690 6.366,240 16,253,273 16,881,131 2.553,096 3,014,432
Depletion ........................................................ 131,500 -2.041 16,580 495 18,866 23,077 6
,Advertising.................................I ................... 91,780 1,238,972 1,609.867 3.158.167 3,345.418 246.518 2,178,229
Pension, profit-sharing, stock bonus,
and annuity plans......................................... 338,149 609,747 1,404.327 1.68S.098 0.806.771 1,042,116 077,591
Employee benefit programs : ....................... 939.029 2,252,440 -
3,693.085 5,772.229 1 l.T70,431 2,761,059 2,431,324
Nat loss, noncapital assets.............................. 20,489 50,074 342.035 138,673 20,769 67,928 -
97,198
Other deductions................................ ........... 2,162,138 7.684,474 12,746.187 20.791,751 -
19,234,407 9.140.985 12,882,735
Total receipts less total deductions .............. 2,560,240 -
0,455,398 8,430.786 23,295.939 9.759,453 7.264.015 7,249,991
Constructive taxable income from related
foreign corporations.. ...................................... 130,233 421,753 1,399,007 7,244,515 -
1,504.604 268.873 861,851
Net income ........................................................ 2,685,403 6,854,307 -
9,738.908 24,132,588 16,853.532 7,505,709 7,951,987
Income subject to tax.......................................... 2.250,503 -
5,819,188 8.162,623 21.748,020 13,601.056 6,251,436 7,211,587
Income tax, total I............................................... 828,552 1,992,615 2.861.500 S,124,182
7,64!091 2,243,732 2.SG4,254
Regular tax ..................................................... 778,156 1,943,745 2.791,613 71560,188 4,751.687 2,180,637 2,472,799
Personal holding company tax ......................... (1) -
Recapture of investment credit ........................ 717 is 943
Alternative minimum to ................................... 46,844 43,173 48,450
1.410 351,321 47,331 22.606
Environmental tax ........................................... 3,415 5,926 9,894 26,599 21,156 9.993 8,528
Foreign tax credit................................................ 125,099 281,099 676,049 1,051,056 2,683,646 128,427 510,301
U.S. possessions tax credit.................................. '46,990 1,010,851 12,577 740 412,228
Orphan drug credit .............................................. - 1,161
.1
Noncon~entional source fuel credit ...................... 119 1,287 42 2,051
General business credit ....................................... 7,680 22.665 129,109 224,015 401.164 14,865 65.076
Prior year minimum tax credit .............................. 29.331 24.SQ 30,426 253,133 84,207 '12.787 53.913
Total income tax after creclit53 ............................. 666,306 1.657.821 1.977.641 5,105,537 1,942,485 2.084.862 1,461.576
Footnotes at and of table. Sea text for -E.olanation of Terms' and 'Description of the Sample and Limitation of the Data.'

116
 Corporation Returns/1 993
RETURNS WITH NET INCOMEE, FORM 1120
Table 17-Balance Sheet Income Statement, Tax, and Selected Other Items, by Major Industry-Conflnued
[All figures are estimates based an "MPIO-MOMY 8MCWtS are in thousands of dolla'sl

Mamor industry--Continued
Transportation and public utilities Wholesale and retail trade
Wholesale trade

Item Electric,

Total Transportation Communication gas, and Total Groceries Machinery, Miscellaneous

sanitary Total and related equipment, wholesale

services products and supplies trade

(34) (35) (36) (37) (38) (39) (40) (41) J42)

Number of returns, total ....................................... 50.731 42,736 4,336 3.659 296.778 111,264 8,004 19,376 83.684

Total assart ........................................................ 1,496,561.017 182,127,503 564,631,383 749.802.131 1.152,027.306 563.916,610 33,373.349 45.196,387 485.349.074
Cash .............................................................. 20447326 71384,772 71208,238 5,854.316 50,627,298 22,391,433 1,530.326 2.699,474 18.161,634
Notes and accounts receivable........................ 171:755:790 21,187.136 103,767.479 46,801,172 234,256,957 138,835,322 8,935.728 13,367.324 116,642,271
Las.: Allowance for bad debts..................... 4,599.969 477,443 2,850.224 1,272,302 5,444.226 2,485,890 237,319 249.117 I.M.454
Inventories..................................................... 23.396,559 2,321,T74 5,278.244 15,796,541 280,472,138 143,092,789 8,097,656 14.291,380 120.703.754
Investments in Government obligations ............ 5.479.015 325.963 2,939.663 2,213.398 34,768,262 31.740,203 -12,672 *99.850 31.627.681
Tax-exempt securities ..................................... 2,713.072 261.639 2,041,557 409.876 23,285,790 2,033,549 '14,785 -W,196 1,988.568
Other current assets ....................................... 60.604,611 8,226.815 23.334.859 29,042,937 111,685,499 76,152,437 970.191 1,992,464 73,169,782
Loans to stockholders ..................................... 1.425,404 751.781 139.526 534.097 5,563,137 2,214,829 208.777 291.S95 1.714,457
Mortgage and real estate loans........................ 717,130 567.334 85,413 64,383 5.682,655 1,106,100 216.855 77,499 811.746
Other investments........................................... 257,007,571 30,953,941 154,756.965 71,296,665 128,649.067 52,872,467 2,273,600 4,402,964 46.195.903

Depreciable assets.......................................... 1,254,312,897 169,478,842 377,473,723 707,360,332 337,529.298 120,240,845 14,889,951 12,281,079 93.069,815
Less: Accumulated depreciation ................... 481,013,134 71,778.3D4 166~301.995 242,932.836 153,369.994 60,583,210 7.558,775 6.585,187 46.439.248
Depletable assets ............................................ 10,527,348 727,919 9,714 9,789,714 2,394.229 2,298,839 *9,1 Be 2.252.738
Less: Accumulated depletion ....................... 4,813.960 225,115 508 4,588,337 653,161 597,279 580.903
Land .............................................................. 11,017,387 3,392,449 3,551,004 4,073,935 29,253.691 7.164.453 791,401 716,618 5,656,435
Intangible assets (amortizable)......................... 51,483,333 4,239,010 39,446,157 7,798,166 30,610,596 15,089,329 2,608,812 796,463 11.685,054
Less: Accumulated amortization................... 7=703 677,484 5,400,722 1,755,497 6,693.857 3.151,666 391,1" 231,614 2.528.907
Other assets ................................................... 123,934.339 5,466,470 19,152.299 99,315,570 43,409,927 15.404.260 985,714 1.220,794 13,197.752

Total liabilities ..................................................... 1.496,561,017 182,127.503 564.631,383 749,802,131 1.152,027,306 563,918,810 33.373,349 45.196,387 485,349,074
Accounts payable........................................... 75,175.226 14.302,500 26,321,392 34,551,333 176,378,674 98.219.948 7,060,343 9,847,856 81.311,749
Mortgages, notes, and bonds payable in less
than one year ............................................. 116,877.262 8,413,164 80,485,352 27,978,747 186.077.494 129,640,252 2,589,352 7,391,486 119.659,414
Other current liabilities .................................... 106,139,588 17,191,077 41,253,181 47,695,329 165,971.567 87.9D0.868 3.494,351 3.686,985 80,719,632
Loans from stockholders ................................. 5,407.881 2,679,672 2,207,501 520,708 15,801.290 7.660.371 442,040 910,726 6.307.604
Mortgages, notes, and bonds payable in one
year or more............................................... 387,930,325 42,307,128 114,452,904 231,170,293 178.807.838 75,242.771 6,720,950 5,836,082 62.685,738

Other liabilities ................................................ 262,488.193 32,337.561 78,075,983 152,074,648 90,292,835 22,572,099 1.321,547 1.606,406 19,644,146
Capital stock................................................... 146,812,318 5,578,499 36,207,593 105,026,226 46,114.225 24,813,166 1.213,293 2.847,063 20,752,810
Paid-in or capital surplus.................................. 237,710,379 25,002,792 140,834,617 71.872,970 104,008,266 42.143.977 2.283,934 3,297,871 36,562,172
Retained earnings, appropriated ....................... 10.614,410 293,927 7,286,826 3.033.657 787,597 387.257 -79,305 64,300 243,652
Retained earnings, unappropriated ................... 163.663,191 37,287,899 47,956,462 78.408,830 205,592.828 83.372.460 8,729,814 10,544,341 64.098,305
Less: Cost of treasury stock............................ 16,247,756 3,266,717 10,450,427 2,630,612 17,885.307 8.034,357 561,580 836,728 6.636,049

Total receipts ...................................................... 790.993,252 204.154.110 266,487,698 320,351,444' 2,152.105.336 1.018,985.784 148,445,301 89,237,176 781.303.307
Business receipts............................................ 7",919,652 194,786,506 244.610,070 305.523,077 2,091.381,932 993,514,443 145,739,794 87,146,861 760,627,788
Interest.......................................................... 12,919,935 2,215,556 5.559,622 5.144,757 22.066,214 10,955,785 391,500 440,631 10,123,655
Interest on Government obligations:
State and local ............................................ 280,799 26,064 135,596 120,138 1,433,998 176,314 13,064 13,321 149,929
Rents ....... ..................................................... 9,308,271 2.287,674 4.954,808 2,065,789 4.409,936 1,483,201 215,079 307,206 960,916
Royalties ........................................................ 574,666 92.126 388,639 93,901 2,980,172 639,621 '19,970 12,441 607,210
Net short-term capital gain reduced by
net long-term capital loss ............................. 128,793 13,068 60,354 55.371 314,860 78.540 7,774 3,760 67,006
Net long-term capital gain reduced by
net short-term capital loss. .......................... 2,692,471 513,586 918,017' 1,260,868 2,430,742 1,162.963 39,512 144,438 979,013
Net gain, noncapital assets .............................. 2,905,670 914.598 466.634 1,524.438 2,314,061 1,459,251 39,863 211,109 1,208,279
Dividends received from domestic corporations 1,256,832 90,124 773,182 393,527 666.865 317,616 23,489 8,782 285,344
Dividends received from foreign corporations 190.785 57,527 112.686 20,572 869,214 585,345 -16.431 58,877 510,037
Other receipts................................................. 15,815,379 3,158,282 .8,508.090 4,149,007 23,235,342 8,612,705 1,938,825 889,750 5,784,130

Total deductions ................................................. 729,609.322 195.035,245 239,311.923 295.262.154 2.097,584.024 997.179,797 146.352.908 80.445,229 764.381.659
Cost of sales and operations............................ 295,924,970 75.493.543 69,184,031 151,247.396 1,599,849,138 823,457,098 125,332,973 65,607.166 632,516,958
Compensation of officers................................. 4,906,133 2,802,700 875,341 1,228,092 24,972,496 13,125,897 1,071,631 2,233,216 9,821,050
Salaries and wages ......................................... 68,477,967 34,463,920 21,348,616 12.665.430 162,681,155 40,249,097 7,229,611 6,207,472 34.812,014
Repairs ........................................................... 27,246,652 5.952,296 10,117.281 11.176,975 8,738,728 2,741,432 496,036 326,322 1.919,074
Bad debts....................................................... 6,678,227 641.193 4,619.515 1,417,519 5,484,649 1,847,784 221,374 231,995 1,394,415
Rent paid on business property........................ 17,838,672 9.389,918 4.971.086 3,477,660 35,681,116 7,555,388 1,008,695 856,986 5.689,706
Taxes paid ...................................................... 36,995,869 8,424,195 10,165,021 18,406,653 32,967,426 12,194,263 1,587,363 1,203,050 9,403,841
Interest paid ................................................... 41,363,616 5,130,849 13.726.833 22,505,934 29,214,222 12,449,863 859,235 954,501 10,636,126
Contributions or gifts ...................................... 649,086 114,932 272,802 261,353 808,072 351,536 50,967 47,168 253,401
Amortization ................................................... 4,745,299 261,192 3,579,303 904,803 2.168,160 872,950 127,107 78,615 667,027
Depreciation ................................................... 71,548,342 10,707,013 30.352,240 30.489,089 30,524,389 12,640.395 1,229,931 1,641 ~221 9,769,243
Depletion ........................................................ 842,870 105,789 12,759 724,322 203,025 187,423 3,637 2,814 180.972
Advertising ..................................................... 5,176,688 749,031 4,007,677 4119,979 24,547,681 7,523,378 644,984 442,205 6,436.188
Pension, profit-sharing, stock bonus,
and annuity plans ......................................... 5,349,783 1,909,695 1,263,490 2,176,698 5,347,553 2,316,889 378,481 303,367 1,635,041
Employee benefit programs ............................. 18,061,350 5,911,603 8,028,174 4,121,572 14,540,065 4,697.654 892,075 638,863 3,166,715
Net loss, noncapital assets.............................. 1,629,545 70,458 972,405 586,682 1.027,604 606.599 38,818 63,981 503.800
Other deductions ............................................ 122,174,352 32,906,916 55,815,348 33,452,089 116.828,545 46.362,162 5,179,990 5,606.086 35,576,086
Total receipts less total deductions ...................... 61,383,930 9,118,865 27,175,775 25,089,290 54,521,312 21,805.987 2,092,393 2.791,947 16,921.648
Constructive taxable income from related
foreign corporations........................................ 886,300 124,190 638,094 124,016 1,434.455 1.037,138 -18,462 1,017,635
Net income ........................................................ 61,989,431 9,217,990 27,678,273 25,093,167 54,521,769 22,666,810 2,080,469 2.797,088 17,789.254
Income subject to tax .......................................... 56,782,880 7,868,329 25,823,315 23,091,235 47,907,144 19,6",484 1,974,722 2.320.833 16,348,929
Income tax, total 2 ............................................... 20,559,986 2,818,525 9,167,006 8,674,456 16,207.556 6,597,593 665.415 734,912 5.197.266
Regular tax..................................................... 19,662,552 2,625,536 8,990,412 8,046,604 15,654,149 6,378,907 658,457 717.673 5,002,777
Personal holding company tax......................... :344
Recapture of investment credit ........................ 14,370 3,503- 10,867- 696 (1)
Alternative minimum tax.................................. 796,544 182,475 131,168 482,901 508.630 200,679 5.169 15.579 179,932
Environmental tax ........................................... 93,226 10,546 41,474 41,206 49.388 17,277 1.942 1.565 13.770
Foreign tax credit ................................................ 343,148 60,433 262,007 20,708 732,219 415,031 2.565 13,856 398.610
82,552 - 22,269
U.S. possessions tax credit.................................. 82,567 15 2.186 128 2.068
Orphan drug credit..............................................
Nonconventional source fuel credit ...................... 210,874 -31,343 17,181 162,349 57.070 57,022- 538 -1.761 -
General business credit ....................................... 519.988 64,775 177,790 277,423 280,154 62,526 6.253 3,279 52,994
Prior year minimum tax credit .............................. 657,825 78,025 359,064 220,736 128,788 52,423 4.502 6,955 40,966
Total Income tax after credits .............................. 18,745,542 2,583,934 8,268,411 7,893,197 14,987,054 6,D08,404 651.557 708,933 4.647,914

Footnotes at and of table. See text for "Explanation of Term,- and -0...ription of the Sample and Limitation of the Data.

117
 Corporation Returns/1993
RETURNS WITH NET INCOME, FORM 1120
Table 17-Balance Sheet, Income Statement Tax, and Selected Other Items, by Major hidustry-Continued
JAII figures are estimates based on samples--money amounts are In thousands of dollar.]

Whii, aLo
,is and
r.indwwConlinued
,
rade--Cbntinued
Retail trade '
Item Build ng Automotive Furni ure Wholesale
General deal a Apparel and and Eating and Miscellaneous and retail
Total garden supplies merchandise Food stores !nd accessory home drinking retail trade not
:nd mobile stores service stores furnishing places stores allocable
If me dealers stations stores
(43) (44) 1451 146) (47), (48) - (49) (50) (51) (52) -
Number of returns, total...................................... 193.829 13,906 99:634
2 7631 31,ail 1 1.479 12.180 33.456 60,591, 1.686
Total an ts........................................................ 588.565,805 25,993.497 269.1 77 5 72.985:989
- 1 51,428.601 33.582.728 16.635,145 47,810.081 69.030.129 1.642.691
Cash . ............................................................ 27,945,182 1,394,226 7,730,119 6,049,202 3.652,809 1,495.411 1.130,541 2.401,244 4.891.6n 290,883
Notes and accounts receivable ........................ 94.846,223 4,180,270 56.446.826 5.752.708 7.342.047 4.828.30S 3,592.871 2.709,997 9.993,199 475,412
Less: Allowance for bad debts..................... 2,949,250 71,285 1.888,286 50,631 112,669 166,61S 112,036 .110,605 437,223 . -9,087
Inventories ..................................................... 137,050,052 8,74G,212 42.601.265 15,859,737 25,986,274 10.081,054 6,423.673 1.244,848 26,106,989 329,298
Investmer is in Government obligations ............ 3.028.059 -7,761 -2,460,679 274.700 -A,104 -4,552 '33,173 20,958 166,072
Tax-exempt securities..................................... 21,252.241 -1,139 *20.577,511 *470.516 '65,954 '0.939 90.224
Other current assets ....................................... 35.480,310 1.399,326 25,324,897 1.970,767 1.248.466 1,782,673 511,825 1.070,824 2.165.532 52,752
Loans to stockholders ........................ 3.346.613 140.638 310.157 153,966 527,190 67,582 100,868 864.125 1.176,109
Mortgage and real estate loans .......o............
*"*'*'****" 4,576.555 404,192 '3.659.726 62,469 .7S.929 -11.326 *33.420 237.3D4 92,189
Other investments ...........................................
** . 75.629,889 1,634,035 50,062,212 3.855,036 1.596.5" 5,755,809 1.398,153 6,808,087 4,519.979 146,711
Depreciable assets.......................................... 216,871,632 10,056,959 66,240,294 48,553.679 16.184.126 13.715,756 5.01 l,8Q 32.363,60S 24,745.166 416,821
Less: Accumulated depreciation ................... 92,546,061 4.398.061 22,873,904 22.368,738 8.408,198 5.797,443 2,477,581 13,875,257 12.348,879 240,724
Oepletable assets ............................................ 9S,390 -4.892 -3,172 1.656
Less: Accumulated depletion ....................... 55,882 6,854 *2.392 -2.160 -7,380 -217,096
Land .............................................................. 22.062.584 1,835,643 7,260,385 4.237,282 1.858.699 271,217 180,160 4.849,988 1.569.210
Intangible assets (amortizable) ......................... 15,505,284 228,345 2,936,051 1,903,352 603.928 1,926,566 379,265 3,146,258 4,381,530 -15.983
Less: Accumulated amortization ................... 3,532,854 88,690 322.098 410,045 232,404 376,758 88,768 787.141 1,226,951
Other assets ................................................... 27,959,837 495,751 8,667,800 7,870,950 666.863 -65.561 351.789 6.838.629 3,133,616 45,629
Total liabilities..................................................... 586.565.605 25.993.497 269,199,635 72,985,989 51,428.601 33.582.728 16,535.145 47.810,081 69.030.129 1.642.691
Accounts payable ........................................... 77,915,464 V68.599 31,161,935 13.161,241 5.378,373 5,37S.805 2,874,974 2,614,855 13,579,683, 243.262
Mortgages, notes, and bonds payable in less
than one year ............................................. 56,338.214 1,761,391 20,496,448 4,615.611 20,507,674 1.918,951 1.195,807 1,870,434 3,971,898 99,029
Other current liabilities.................................... 77,975,749 2,027,813 47.668.172 8,721.664 3,236,762 3.983108 1,6".189 3.816,011 6,878.040 94,949
Loans from stockholders................................. 8,168,548 761,041 893,065 6"'529 1.780,460 366.903 324,264 1.079,410 2,318,869 52,371
Mortgages, notes, and bonds payable in one
year or more ............................................... 103,226.273 5,155.724 42,990,198 11.111114 1.741:17 4.2.,822 2,110,155 13,412,048 10.405,635 338,794
Other liabilities ................................................ 67,681.438 551.828 44,785,881 8.3":" 879,600 627,434 8,085,648 3.278.564 39,298
Capital stock ........... ; ........... ;............... ; ........... 21.173,305. 1,049.574 5,787,163 2,805:;14,1S 2 1133:311
':Bg 110 2,1.167 1,188.011 2,808.981 2.W8.0818 127,753
Paid-in or capital surplus .................................. 81,690.222 3,059,954 29,077,100 4,910 3,768,307 1,207,203 7,175,296 10.500,338 *168.087
Retained earnings, appropriated....................... 387,772 *33,398 *32,292 60 50,475 *17,636 *50,278 -34,199 109,044 *12.569
Retained earnings, unappropriated................... 121.SD6,740 8.267,714 48,196.021 12,566 9.496.261 11,103.280 6,163.030 9,177,470 16.836,827 413,028
Less: Cost of treasury stock ............................ 9,803,920 443,538 1.888,629 11.018100 790,410 795,851 1.050,201 2.324,273 1.492,853 -47.029
Total receipts ...................................................... 1,129,122,687 58,918,572 291.725.540 238.1126.98S 199.028,573 65,410.338 35.727.744 71.436.592 168.748,344 3,990,866
Business receipts............................................ 1.093,970,003 57,758.213 276,491,355 233.797,106 195,775,587 63,125,495 34,706,743 66,717,322 165,598,181 3,897.487
Interest .......................................................... 11.075,823 489,360 7,044,724 334,250 759.718 507,878 347,807 968.022 624,063 36.606
interest on Government obligations:
State and local ............................................ .1,257,574 19,491 1,131,950 37.879 3,609 21,246 7.465 11.431 24,503 ill
Rents............................................................. 2,922,361 49,516 1,304.733 689.048 174,838 106,718 ",ISO 383,863 169,488 -4,374
Royalties........................................................ 2,340.495 -138,972 392,768 57,357 *3.035 48S.624 -17,028 829.495 416,217 66
Net short-term capital gain reduced by
net long-term capital loss ............................. 220,402 9,191 '161,718 6,356 16,304 11,038 21,626 -7,919
Net long-term capital gain reduced by
net short-term capital loss ........................... 1,250,028 52,164 410,128 95.879 87,737 181,351 93,917 209.999 118,853 '17.751
Net gain, noncapital assets .............................. 854.635 26,731 130,934 71,097 258.309 10,047 25,790 210,544 121.183
Dividends received from domestic corporations 347,485 15,311 192,835 37,878 7.157 60,970 4.347 12,655 16.333 .1,764
Dividends received from foreign corporations ?82.875 . '33 *58.178 "9.619 140 -15.939 87.364 109.903 *11,699 . 994
Other receipts.........................: ....................... 14.593,007 359,590 4,406.217 2,990.516 1.942,140 893,688 392..338 1,972,319 1,W6,198 29.630
Total deductions ................................................. 1,096,649.550 56.747.071 281,9113,109 233.456.600 196.3i6.449 62.315,289 34.657,381 67.780.567 103.423.085 3.754.677
Cost of sales and operations ............................ 773.689,525 42,038,715 187.911,468 176,899,898 166.187.141 37,844,727 22,358,006 27,649.151 112,800.418 2,702,515
Compensation of officers ................................. 11,676,002 1,127,961 595,458 925,062 2,466,482 662,657 891.905 1.376,871 3,629,605 170,598
Salaries and wages ......................................... 114.128.128 5,684,097 31,775,684 24,007.612 10,134,226 7,859.424 3.830.627 13,935,414 16,901,043 303,930
Repairs ........................................................... 5,986,055 294,541 1,311,245 1.490.854 618,020 320.576 179.116 949,109 822,600 1 1,~411
Bad debts....................................................... 3.627.627 157,573 1,739,874 248,641 183,646 2T7,377 229,938 143,786 646,793 9.238
Rent paid on business property........................ 28,077,999 863,266 6,929.249 4,237,525 1,964,921 4,116,979- 1,217,093 3,722,450 5,026.515 47,730
Taxes paid ...................................................... 20,712,5" 979.073 5,670,914 3.727,281 2,417,323 1,418,845 746,442 2,766,386 2,986.281 60,628
Interest paid ................................................... 16,721,863 820.358 7.586,407 2,037,667 1,403,033 666,010 357,233 2,159.874 1,691.282 42,49S
Contributions or gifts ...................................... 455,387 18,308 169,008 72.972 30,818 41,732 20,046 37.211 65,293 1,149
Amortization ................................................... 1.294.190 35,375 303,536 109.431 66,616 84.154 32,696 268,363 394,028 -1.021
Depreciation ................................................... 17,824,793 749.691 5,492,862 3,600,942 1,586,474 1.320,880 473,511 2,302,333 2,298,101 59.20i
Depletion ........................... ............................ 15,602 4.665 '130 (1) -8,074
Advertising ..................................................... 17,002,933 558,875 5,029,829 1,919,299 1.786,836 1,246,566 1,432,952 1,769.782 3,258,794 21,371
Pension, profit-sharing, stock bonus,
and annuity plans .
:. .............................. 3.009,645 169.062 899,540 807.582 239,933 181,620 98,896 195,527 417,484 2 1,020
Employee benefit programs ............................. 9,802,061 311,360 2,812,549 3,129,057 885,684 525.515 198.986 901,517 1.037,394 40.350
Net loss, noncapital assets .............................. 419,891 15,866 105,504 53,800 20,752. 62,178 19,805 55,923 86,065 1,114
Other deductions ............................................ 72,205,307 2,918,282 23,579,862 10,188,839 6,362,079 5,686,056 2,570,129 9,646.734 11,353,325 261,076
Total receipts less total deductions ...................... 32,473.136 2,171.501 9,812,430 4,670.MS 2,672,124 3,095,049 1,070,362 3.656,025 5,326,259 242,189
Constructive taxable income from related
foreign corporations ........................................ 397.319 90.608 986 '313 24,625 231,393 49.393
Net income ........................................................ 31,612,681 2.152,010 8,771.089 4,633,492 2,668,829 3,098,428 1.062,897 3,875,987 5.350,149 242.078
Income subject to tax .......................................... 28,032,454 1.961,182 7.691,208 4.381,938 2,054.640 2,962,178- 876,114 3,4D3.381 4,701,813 230.265
Income tax, total ~ ....................... ....................... 9.534,973 632.895 2,908,971 1.503.985 622,378 991,731. 263,605 1,128,258 1,483,149 74,990
Regular tax..................................................... 9.200,481 627,358 2,676,770 i.484,376 599,696 986,907 261,381 1,116,209 1.447,783 74,761
Personal holding company tax ................... '130
Recapture of investment credit ...... ................. (1)
Alternative minimum tax .................................. 307,951 4,863 220.133 13,762 26.667 '1,369 1,677 8,179 31,302 -
Environmental tax........................................... 31,883 1.706. 12,069 5,624 682 3,454 547 3,718 4,082 229
Foreign tax credit ................................................ 316.362 '45,236 1,734 12,707 *693 241,392 14.468 826
U.S. possessions tax credit .................................. 20,082 14,639 3,128 642 1,604 69
Orphan drug credit. .............................................
Nonconventional source fuel credit...................... .46
General business credit........................................ 217,628 7,334 51.978 49,117 6,874 10.600 3,256 73,148 15,320
Prior year minimum tax credit..................... : .
76,36S 3,417 42,374 -11.777 -1,593 3,542 5.4"
Total income tax after crodits3 ....................... 8,904,486 622,050 . 2,790,005 1,407,631 603,047 966,831 258,607 808,570 1."7,046 74.164
Footnotes a t and of table. See to xt for " Explanation of Terms~ a rid "Descri ption of the Sample a no Limi is tion of the. Data,

118
 Corporation Returns/1 993
RETURNS WITH NET INCOME, FORM 1120
Table 17-Balance Sheet Income Statement, Tax, and Selected Other Items, by Major Industry--Continued
(All figures are estimates based on samples-orray amounts are in thousands of dollars)

Me
linn..nu " 0 oa
c.'ity. _Conlmo
and rialeeslale
d
Holding
Item Credit Insurance and other
Total Banking agencies commodity Insurance agents, Real Investment
otherthan broker brokers, and estate companies,
banks and services sairvice except bank
holding companies
(53) (54) (55) (56) (57) 15W (59) (60)
163,779 8.492 8.431 5,624 1.601 20399 104 3" 14487
Number of returns, total ......................................
Total as* is........................................................ 7.911,069,565 4.173,577.654 1,529,885.SS7 691.148.519 1.204,740.623 29,315:379 100,409:797 181.992:020
C sh .............................................................. 380,379.318 281.566.5914 53,095.765 16,207052 10 ISO 4.632393 02 224 4.194.134
2,515,356.624 1.891,451,122 309,063,254 146.613:625 109::,23':068 7.406:932 107,'48::781 43.708.9Q
Notes and accounts receivable ........................
64.094.751 48,633.890 13,613,434 246.221 1.083.463 54,188 177.549 286,005
Less: Allowance for bad debts .....................
Inv ntories ..... ............................................... 6.707,733 121.040 369,780 228.940 2.450,901 -1,598 3,274.186 261,287
Inv:stments in Government obligations.. .......... 732,278,590 540,009,304 61,143,259 30.970.910 95,374,104 429,955 618.640 3,732,418
197,635,693 68.750,637 21,717,563 1,884,917 102,908.759 552,539 592,870 1,128,608
Tax-exempt securities .....................................
741,680,180 196.360,398 83.881,101 288,391,124 140,861,154 1.721,242 6.671,310 23,793.776
Other current assets .......................................
Loans to stockholders ..................................... 15."4.461 307.891 4,813.709 479,M 2,355,050 241,516 1.656,3D6 5,590,148
1.215,379.030 387.533.363 765,019,694 '5,750,883 52,598,917 56,121 3,413,823 1,006,228
Mortgage and real estate loans ........................
1,445,569,776 454,274,842 188,420,942 134.827,188 58.5.203,944 9,474,750 16,646,285 56,721,825
Other investments ...........................................
Depreciable assets.......................................... 226,922,223 96,962,219 22,561,367 9,691.297 29,802.126 4,641,746 53,898,926 9,364.642
93,0110,1197 42,699,608 9.820,062 4,961,279 7,576.524 2,666.023 21.039,601 4,344.900
Less: Accumulated depreciation...................
649,475 7,677 "6,553 .1,464 220,710 277,669 130,107
Depletable assets ............................................
256,453 2,483 101,464 -1,918 111.835 34.557
Less: Accumulated depletion .......................
25,176,217 7.4S9,847 1,965,318 180,757 1,171,087 171.090 13,368,264 858,864
Land ..............................................................
35,251,658 18,594,660 6.004,601 2,249,932 4,228,624 1,679,654 1,150,723 1,343,464
intangible assets (amortizable) .........................
8,577.439 4,174,607 1,240,620 821,258 980,686 500,961 464,189 395,217
Less: Accumulated amortization ...................
Other assets................................................... 538,678.210 325,689.588 30.499.168 59.700,328 77,031,163 1,423,897 3,116,765 35,218,312

Total liabilities..................................................... 7.911.069,565 4,173,577,654 1.529.685,557 6911.1148.619 1.204.740,623 29.315,379 100,409,797 181,992,026
372,141,288 131,981,267 66,007,795 12908,083 28,402.635 6.436.942 2,999,275 4,385,392
Accounts payable ...........................................
Mortgages, notes, and bonds payable in less
157,823,752 222,719,971 51,705,573 30,412,326 1.338,339 8.108.377 61.192,402
than one year ............................................. 633,300,741
4.425,579,336 3,036,452,522 639,146,486 418,401,628 304,227,472 3,022,531 5.233.187 19.095,510
Other current liabilities....................................
39,484.931 7,228,110 14.433,996 1.406,606 7,647,991 137,574 5,813,279 2,817,176
Loans from stockholders .................................
Mortgages, notes, and bonds payable in one
6§9,818.944 197.711.395 322.111.041 28.668,087 56.176,032 2,232,977 31,638,511 31,280,102
year or more ...............................................
853,630,584 202,772,768 127,668,050 26.033.642 473,956.880 2,968.211 0.991.864 13,239.168
Other liabilities ................................................
119,498,670 63,708,603 12,801,975 4,434.073 18,305,821 1,080.768 9,440,437 9.726,991
Capital stock...................................................
"1,366,239 178,199,983 66,133,439 12,6".077 135,150,150 3,263,711 20,260,662 25.808.217
Paid-in or capital surplus..................................
20,254.479 1.984.138 4.703,927 4.11,543 11,759,981 17,562 1,297,022 "9.507
Retained earnings, appropriated .......................
456,873.206 199,801.904 59,277.088 20.608.407 144,013,359 7,676,854 10,385,287 15,210,305
Retained earnings, unappropriated...................
20,078,863 4,084.788 5.118.212 2.523,400 5,318.,725 860,090 1,758,905 1,214,744
Less; Cost of treasury stock ............................
Total receipts...................................................... 1.066.379,737 359.472.756 167.687.717 76.241.190 378,871,754 22,195,169 44,286,267 17.024.684
490,489,088 52,085,470 51,909,729 43,498,600 283.160,987 20,949,429 33,356,001 5.528,072
Business receipts ............................................
427,746,962 251,222,857 95,830.485 22,996.940 49.494.016 395.420 1,607,005 6.200,239
Interest ..........................................................
Interest on Government obligations:
State and local ............................................ 12,242,665 5,687,104 932,047 222,000 5,188,654 46,393 66,951 99,518
19,851,715 9,690,034 1,751,683 418,726 3,236.864 62,412 3.292.255 1,479,741
Rents .............................................................
882,231 275.2611 105.827 5,236 49.876 -10,223 175,890 259,917
Royalties ........................................................
Net short-term capital gain reduced by
243,104 672.741 2,820.269 21,253 70,926 205.W
net long-term capital loss ............................. 4,224,946 191,105
Not long-term capital gain reduced by
net short-term capital loss........................... 16,512,270 1.854,592 1,486,086 766,731 7,314,013 77,183 2,400,290 1,613.374
4,727,714 1.644,427 160,556 268,293 32,503 240,746 101.449
Net gain, noncapital assets .............................. 7,075,689
402.125 241,734 1,782,935 49,809 154,489 655,237
Dividends received from domestic corporations 3,816,370 530,040
Dividends received from foreign corporations 1.203,685 389.250 33,792 119,508 356,674 *1 24,455 6.497 173,509
Other receipts ................................................. 83,334,114 32.919,329 13,448,412 7.138,417 25,199.172 406,089 2,915,216 1,307,480

946,879.799 308.714.278 145.275,640 66.613.241 353,740,405 20.375.652 38,826,603 13.334.080

Total deductions ....................................... i
209,084,253 458,726 15,566,349 4,583,380 174,668,002 2,271,497 9,528,049 2,008,250
Cost of sales and operations ............................
Compensation of officers ................................. 25,166,396 12,466,209 2,561,499 3,612,212 1,708,284 2.391,628 2,150,915 275,650
116,330.001 40,285,614 14,358,945 16.230,489 34,178,240 5.725,938 4,190,323 1.360,452
Salaries and wages .........................................
6,051,423 2,962,373 703.481 323,228 404,069 138,049 1,449,128 71,094
Repairs...........................................................
Bad debts ....................................................... 27,498,880 18,606,537 6,087.830 592,066 1,348,383 61,875 169.708 432,479
15.172,668 5,964.614 1,903,475 1.833,196 3,187,672 902,951 1.175.878 204,881
Rent paid on business property........................
23.174,604 8,214.775 2,556,554 1,863,929 6,980,142 798,389 2.425,751 335.063
Taxes paid ......................................................
126.277.652 64,225,60 18.612,488 10,337,871 330,114 3,089,830 3,908,060
Interest paid ................................................... 226.781,642
Contributions or gifts ...................................... 1,238,169 688,282 143,148 130.938 .163,226 32,575 54,374 25,626
4,527,655 2.209,158 925,815 242,026 .771,850 130,647 145,584 IOZ575
Amortization.. .................................................
Depreciation................................................... 26,021,461 15,056,389 2,655,435 971.713 3,549,285 423,410 1,975,598 1,389,631
Depletion ........................................................ . 103,644 19.499 4,668 4,360 23,516 50,714
Advertising ..................................................... 8,149,860 3,239,948 2,123,594 1.075,906 947.967 181.371 480,817 100,258
Pension, profit-sharing, stock bonus,
and annuity plans ......................................... 5,484.015 2.341,975 674,968 570,199 1.348,454 358,273 137,794 52.352
Employee benefit programs............................. 13,148,667 6.488.963 1,441.151 759,022 3,312,044 708,493 283,739 155.256
3,194.535 1.168,690 1.633,576 41,570 162,425 12,930 1 19,745 55,599
Net loss, noncapital assets ..............................
235,751,925 62,064,873 27,709.520 15,170,687 110,668,132 S.906,718 11.425,854 2,806,140
Other deductions ............................................
Total receipts less total deductions...................... 119,499,938 50.758.478 22,412,077 9,627,950 25,131,349 1,819,617 5.459.663 4.290,804
Constructive taxable income from related
6.949,443 3.414,002 '418,486 569,636 1.290,080 '215,578 -5.457 1.036.203
foreign corporations........................................
114,206.716 48,485,376 21,898,517 9,975.586 21,232,775 1,988,802 5,398,170 5.227.490
Net income ........................................................
income subject to tax .......................................... 101,219.634 45.651,737 18,289,427 9,530.546 18,105,497 1,686,163 3,607.097 4.349.068
16.094,539 6,244,018 3,329.641 6.698.866 541,043 1,063,018 1.510.975
Income tax, total 2 ............................................... 35.488.099
34,826.336 15.863,017 6.303.840 3.311,083 6,321,968 534,801 1,019,454 1,472,172
Regular tax .....................................................
6,721 - 3,165 3,179
Personal holding company tax.........................
Recapture of investment credit ........................ 345 97 7 19 '157 25
653,596 180,050 41,442 7,202 346,049 4.731 37,7T7 36,345
Alternative minimum tax..................................
Environmental tax ........................................... 128,612 55.565 22,850 11,365 30,671 1,510 1,627 5,023
Foreign tax credit ................................................ 3,988,313 2,297,581 143,255 298,046 724,135 119,294 2,996 403,007
U.S. possessions tax credit .................................. 36,568 15,776 10.929 863 (1)
Orphan drug credit ..............................................
Noncon~entiorual source fuel credit ...................... 19,057 9,009 2,574 1,263 1,123
General business credit ....................................... 394,203 259,575 78.712 6.272 35.964 2,577 8.665 2,548
793,550 452,774 92.258 28.659 189,025 1,766 7,631 21,539
Prior year minimum tax credit ..............................
Total income tax after credits' ............................. 30,257,409
13,059,625 5.908,291 2,993,211 5,748,489 416.282 1,041,819 1,089.493
Footnotes at and of table. See text for "Explanation of Terms* and "Description of the Sample and Limitation of the Data.

119
 Corporation Returns/1 993
RETURNS WITH NET INCOME, F.ORM 1120
Table 17-Balance Sheet, Income Statement, Tax, and Selected Other'Items, by Major Industry--Continued
[All figures are estimates based on samples.-mchey amounts are in incurrence of dollars)

dustry-Continued

Item Hotels Auto repair; Amusement Nature of

Total and other Personal Business miscellaifeci and Other business
lodging services services. repair recreation services not allocable
places services services

(61) (62) (63) (64) (65) (66) J67) (68)

Number of returns, total ...................................... 214.272 4,208 17,742 69.263 33.159 17,080 72.821 1,220
Total ass ts........................................................ 410.176,810 26.173.268 13,503,960 137.620,049 34.005,928 86,801,483 111,992.122 416.056
Cash .............................................................. 27,678.443 1,202,589. 1.122,464 10,769,638 1,893.050 3,059,892 9.630,811 36,673
Notes and accounts receivable ........................ 75.226,045 2,602,970 1,792.897 31.124.894 4,089,952 12.386,411 23,228,921 56.853
Less: Allowance for bad debts ..................... 3.946,842 119.522 67.543 867,956 62,366 348,242 2,481,212
Inventories..................................................... .13,195,815 360.286 809.498 3,618,377 1.966.698 4,534,758 1.906,197
investments in Government obligations : 2,700,925 '1 9,047 811,175 .64,625 -86.742 1.699,249
Tax-exempt securities ..................................... 2,063,758 *15.291 "! 31,485 .547,518 '145,551 -77,477 1,146.437 -1.588
Other current assets ....................................... 27,289,422 924,312 514,943 11.116,035 1.928,526 .6.241,614 6,563,993
Loans to stockholders ................. :................... 4.093,211 1,027,339 246,= 967,749 305,802 684.159 861,340 -1.809
Mortgage and real estate loans ........................ 2.491,847 151,453 96,813 - 146,840 1,107.561
Other investments ........................................... 84,955,649 5,019,028 1,698,958 32,745,813 2,254,550 25,210,026 18.027.275
Depreciable assets .......................................... 184,344,274 16,641,411 8,619,895 50,257,432 28,936.054 32,223,764 47,665,718 175,576
Less: Accumulated depreciation................... 82.759,834 6,321.468 4,958.953 27.535,094 11.121,765 .13,674,960 19,147,594 -615,252
Depletable assets... ......................................... 206.973 '8,241 *124 77,577 *26,927 84.341
Less: Accumulated depletion................ : 80,236 '17.315 18,194 -6,766 37,OW
Land.............................................................. 9,622,093 2,222,768 626.799 1.089,879 959,520 'l.765,961 2,957,167 -44,011
Intangible assets (amortizable) ......................... ~35,118,615 871.772 1,647.408 15.115,119 1.988.081 6,583.261 8,912.975 -1.9~9
I
Less: Accumulated amortization................... 8,696.198 274,11 4 309,915 4,563,884 169,643 1,888.955 1.489,686 1,289
Other assets ................................................... 36,672,849 1,821,687 1,585.143 11.400,281 671,720 9,838,388 11,355,631
Total liabilities ..... : ............................................... 410,176,810 26,173,268 13.503,960 137.620.049 .34,005,928 86.881.483 111111.99~,1122 416,056
Accounts payable ........................................... 35,027.095 927,153 658,177 13,218,481, 2,220,226 9.786,479 8,216,579 -24,489
Mortgages, notes, and bonds payable in less
than one year............................... ............. 23,222,456 1,312,558 390,141 9,280,667 4,624,071 2,222,734 5,392,285
Other current liabilities.. .................................. 54,029,535 .2,398,999 1,157,996 23,286,187 -3,587,469 8,851.025 14,747,658 7,523
Loans from stockholders ................................. 9.672,271 880,920 380,276 3,392,158 869,388_ 1,126,280 3,033,248
Mortgages, n otes, and bonds payable in one
year or more ............................................... 8%826,948 8,061,792 2,915,510 26,734,633 11,490,204 15,787,607 24.837,202 '30.085
Other liabilities ................................................ 37,584.237 1,817,341 1,350,934 13,871,137 2,362.327 .11,025,148 7,157,349 -4,312
Capital stock ..................... ..................... 19,453,414 2,595,681 821.693 - 5.638,169 1,428,285 4~980,645 3,988,940 65,935
Paid-in or capital surplus................................... 89,114,595 S,i39.028 1,617,456 26,814,752 2,6V,206 21.811,116 31,105,038 153,516
1
Retained earnings, appropriated....................... 450,046' 95,888 -78,672 175,301
Retained earnings, unappropriated .......... 61,993,200 3,423,229 4.899,163 20,730,346 5,237,784 12,733,898 14,968,779 ",485
Less: Cost of treasury stock ....................... 10,196,987 383,434 724.487 5,442,368 494,118 1,522,122 1.630,458
Total receipts............................... :...................... 463.533,293 22.873,789 18,572.358 160.419,657 44.434,193 57,200,846 1160,032.450 419.327
Business receipts ............................................ 433,794,126 20,871,826 17,606,589 150,00,945 41,391,605 51;353,529 152,299,633 '390.637
Interest.. ......................... : ..................... 5,587,885 279,457 "5,002 1,740,888 --603,871 1,073,297 1,445,370 '2.458
Interest on Government obligations:
State and local............................................ 585,201 9,001 19,017 383,665 5,785 29.533 138,199
Rents ............................................................. 1,930,630. 149,946 22,508 377,773 526,304. 395,474 458,625
Royalties ........................................................ 3,868,134- '64,337 171 471 11,585~057 24,608 1.748,482 274.179
;
Net short-term capital gain reduced by
net long-term capital loss ............................. 196,706*. 72,291 -4,497 -34,570 56,088
Net long-term capital gain reduced by
net short-term capital loss... ........................ 1,781,993 238,751 56,717 393,468 64,307 210,898 817,852
Net gain, noncapital assets... ........................... 2,488,206. 95,719 28,745 6S5.300. 1,019,330 399,948 289.164
Dividends received from domestic corporations 277,202 33,216 22,589 109,489 4,127 33,089 74,692
Dividends received from foreign corporations... 1,157.216 21 ~216 395,286 7,725 645,668 10,662
Other receipts ..................... ......................... 11,865,995 1,028,943 175,078 4;435.495 782,034 1,276.458 4,167.987
7
Total deductiorl.......... ;................................... 436.450.253 21,258,958 17,293,024 150.493.975 42.795.815 53.623,041 150,985.439 382,756
Cost of sales and operations. ........................... 161,194,696 10,567,055 5,969,174 55,831,558 16.483,798 23,696,852 46,646.259
Compensation of officers ................................. 19,136,067 250,646 976,287 7,183,147 1,600,647 1,953,001 7,173,340
Salaries and wages......................................... 83,475,276 3,000,808 3,241,154 31,138,500 4,909,031 5,994,387 35,191 398. '23,340
Repairs....................... : .................. :................ 4,295,133 258,125 251,007 1,029,831 952,429 489,846 1,313:896 -8.279
Bad debts ....................................................... 2,898,351 129,315 82,119 692,860 121.879 117,723 1.754.455 -3,253
Rent paid on business property ........................ 14,060,292 545,885 882,742 4.660,253 1,808,440 1,610,119 4,552.851 '10,468
Taxes paid ...................................................... 15,980,795 977,349 812,839 5,805,153 1,469,340 1.3iil).806 5,526,308 7,301
Interest paid ................................................... 10,547,864 762.418 594,343 3,015,869 1,495,999 1,830,155 2,849,081
.
Contributions or gifts ...................................... 310,729 30,498 21,912 98,625 20,423 44.068 95,204
Amortization ................................................... 2,573,670 85,783 87,158 891,406 66.865 867,157 575,301 -4
Depreciation. ........... .......................... : : 21,396,094 866,672 666,428 7,378,975 4,875,254 3,914,399 3,694,365
Depletion ........................................................ 21,844 '296 *47 -5,6.22 1 14,633
1
Advertising ............................................ 5,879,041 406,748 406,375 2,250.632 559,299 1,300,022 955,966 299
Pension, profit-sharing, stock bonus,
and annuity plans......................................... 2,809,311 57,975 128,715 1,014,113 262.240 145,176 1.181,092
Employee benefit programs ............................. 8,666,763 3",613 226,116 3.044,817 579,497 334,565 4,137,156
Net loss, noncapital assets .............................. 465,611 65.451 10,368 196,180 13,997 ".667 134,950 2
Other deductions ..........: ................................. 82,738,715 - 2,909,322' 2,937,239 26,256.436 5,536,677 9,909,854 35,189,186 38,975
Total receipts less total deductions...................... 27,083.040 1,614,830 1,279,334 9.925,682 1.638,378 3.5tir7,805 9,047,010 36,571
Constructive taxable income from related
foreign corporations. ..................................... 575,526 22,890 12,008 336,515 9.385 163,711 31,016
Net income ........................................................ 27,073,365 1,628,720 1,272,325 9,878,533 1,641,978 3,711.983 8,939,828 36,453
Income subject to tax ...................................... : 22,030,683 1.382,214 1,145.039 8,311,594 1,258,980 2,393,342 7,539,515 25.237
Income tax, total r ............................................... 7,308.695- 477,755 353,144 2,784,368 371.376 825,405 2,496,646 4,192
Regular tax..................................................... 7.143,046 468.001 350,478 2,716,774 355,280 792,843 2,459,671 4,078
.5 -
Personal holding company tax ............... -
.
Recapture of investment credit........................ 5 I
Alternative minimum tax ................ ................. 141,478 7.452 1,678' 59,652 14,937 28,623 29,134
Environmental tax .................................... 22,998 1,689 978 7864 1,158 3,864 7.444
Foreign tax credit ................................................ 706.223 1~,881 424',573 198,057 34,416 -'7
U.S. possessions tax credit .................................. 11,699 5,848 - 2,235 - 452 3,163 100.
Orphan drug credit ..............................................
Nonconventional source fuel credit ...................... W3- 8 33 '"2
General business credit....................................... 233,333 -2 ,579 3,572 147,096 15,146 10,287 34.654
Prior year minimum tax credit ............................... 165,071 31,092 2,240 68,285 18,707 10.751 33,996
Total income tax after credits3............................. 6,191,886 382,331 334,450 2,142,172 337,134 605,825 2,389,974 4,053
Should te used with caution because of the small number of sample returns on which it is based.
... Data deleted to avoid disclosure of information for specific corporations. Deleted data are included in the appropriate totals.
Less than $500 Per return.
A - includes adjustments to income tax and to total tax which ire not shown separately.
Alsso includes qualified electric vehicle credit which is not shown separately.
NOTE: Detail may not add to total because of rounding. See text to, "Explanation of Terms' and 'Description of the Sample and Limitations of the Data."

120
RETURNS OF ACTIVE CORPORATIONS
Table 18-Total Receipts, Net Income, Statutory Special Deductions, Income Tax, Tax Credits, and Tax Payment Items, by Accounting Period Ended
(All figures am estinudes based orl samples-way arnourds are in thousands of dollars)

Total returns of Accounting period ended

active corporations
Item 1993 1994
Amount July August September October November December January February March April May June
Number of
returns
(3) (4) (5) (9) (10) (12) (13) (14)
(1) (2) (a) (T) (8)

Returns With and Without Net Income

67.933 68,212 199,979 97,694 49,232 2,888,220 56,142 53,027 138,430 63,824 67,734 214,202
Number of returns................................................. 3,964,629
30S,934,284 149,525,266 8,380,134,569 519,311,486 181,968,861 591,919,720 189,103,907 247,113,023 657,793,071
Total receipts....................................................... _ 3.649,355 12,269,721,710 183,707,492 202,342,721 660,867,311
3,793,987 498,159,174 8,065,376 8,989,663 22,215,221 15,502,843 12,849,851 357,993,064 IS,872,309 7,426,904 13,861,270 6,627,240 9,019,085 19,737,347
Net income Oess deficit)........................................
154,447,416 1,635,373 1,985,975 6,017,328 2,569,116 2,760,256 116,674,282 5,504,118 1,508,638 4,386,566 1,625,213 2,452,931 7,327,620
Total income tax.................................................... 619,143
228,548 73,394 31,691 3,950,067 78,679 22,126 240,463 24,567 41,733 93,233
Alternative minimum tax .......... ................. :..~ 29,326 4,863,090 32,010 46,578
Returns With and Without Net Income, Other
Than Forms 1 1 20S, 11 20-REIT, and 11 20-RIC
166,552 81,213 42,625 1,079,187 54,620 50,098 131,733 59,761 63,004 201,629
Number of returns................................................. 2,055,982 62,737 62,822
10,154,952,821 159,701,631 182,891,183 557,316,729 250,326,428 118,185,820 6,633,369,463 502,722,206 167,439,364 557,588,618 171,269,212 232,024,060 622,118,107
Total receipts......................................................... 1,978,654
4,155,997 11,381,722 4,850,959 6,861,037 290,279,219 12,363,704 3,786,511 6,029,864 3,950,231 6.758,660 15,448,760
Net income Pass deficit) ........................................ 2,002,457 368,912,105 3,045,441
935,8W 675,390 2,981,859 1,249,088 630,409 43,762,481 1,164,380 691,280 2,717,788 874,S80 1,363,69S 3,413,004
Statutory special deductions, total........................ 512,226 60,459,754
442,738 45,089,994 610,427 573,490 2,572,233 920,627 509,154 31,147,348 921,355 631,053 2,456,386 657,329 1,223,963 2,866,629
Net operating loss deduction ..............................
82,902 15,369,760 325,373 101,901 409,626 328,462 121,255 12,615,133 243,025 60,227 261,401 217,251 139,732 546,374
Total special deductions.....................................
4,906,124 5,897,867 17,460,714 7,516,044 8,087,241 326,015,559 15,763,256 4,496,394 12,S70,305 4,892,108 7,197,565 21,810,080
Income subject to tax ............................................ 804,993 436,613,256
6,003.645 2,565,696 2,758,656 116,609,879 5,504,110 1,508,618 4,386,189 1,625,202 2,447,792 7,327,558
Income tax, total ................................... ................ 814,692 154,358,598 1,635,352 11985,900
800,972 148,970,874 1,596,320 1,933,322 5,755,497 2,475,566 2,731,775 112,264,287 5,405,058 1,481,543 4,125,739 1,592,837 2,398,089 7,210,840
Regular tax.........................................................
2,129 9,472 *175 *130 -1,387 *28 -6W 3,041 *89 *5112 *163 -2,779 *14 '467
Personal holding company tax ........................... -
21,554 *677 1 *192 7 19,969 3 (2) *679 '27
Recapture of investment credit........................... 133
17,541 6,967 5,7D2 452,412 20,165 4,331 13,080 4,509 8,662 22,051
Environmental tax............................................... 14,505 566,361 4,841 6,099
6,314 22,895,789 88,767 97,520 460,393 383,011 579,181 19749S73 120946 45835 182,187 132,775 234,487 821,114
Foreign tax credit ..................................................
4,722,588 '21,044 18,461 670,708 302,045 838,609 2:563:227 15:771 1:922 49,401 44,W8 11,6S9 185,203
U.S. possessions tax credit .................................. 405
- 3,933 14,791 - 858 87 816
Orphan drug credit................................................. 17 20,486
*733 -1,456 655,815 '544 *134 -1,492 -11,569 -4,205 11,872
Nonconventional source fuel credit ....................... 919 690,593 *242 328 '12,203
3,078,073 36,014 30,043 85,806 48,628 26,856 2,304,064 102,762 28,655 121,692 28,239 76,318 188,997
General business credit... .................................... 33,051
32,646 30,641 62= 21,369 8,773 2,609,452 29,390 25,015 64,651 60,781 64,748 92,880
Prior year minimum tax credit .............................. 13,379 3,102,667
800,747 119,848,460 1,456,639 1,804,974 4,712,315 1,809,910 1,3D3,780 88,712,915 5,234,697 1,407,056 3,965,908 1,3S7,214 2,056,375 6,026,677
Total income tax after credits3...............................
Retunns With Net Income, Other Than
Forms 1120S, 1120-REIT, and 1120-RIC
33,842 32,090 97,758 46,702 25,638 564,848 30,754 27,521 75,857 33,609 38,418 116,203
Number of returns................................................. 1,123,240
1,123,225 8,207,810,106 115,768,490 M,599,055 426,183,013 179,572,534 92,600,396 5,48009,973 420,879,979 143,571,249 393,851,955 128,064,335 194,047,295 486,861,833
Total receipts.........................................................
496,151,930 5,800,698 6,558,846 20,382,741 8,755,581 8,705,134 369,114,755 16,900,696 5,179,416 15,258,463 5,757,014 8,551,817 25,186,769
Net income............................................................ 1,123,240
921,560 664,227 2,923,879 1,230,937 620,820 42,854,441 1,154,000 686,989 2,687,911 866,773 1,356,532 3,376,142
Statutory special deductions, total........................ 492,933 59,344,210
442,734 45,086,510 610,427 573,490 2,572,233 920,627 509,154 31,144,432 921,355 631,053 2,455,818 657,329 1,223,963 2,866,629
Net operating loss deduction ..............................
14,257,700 311,133 90,737 351,646 310,311 111,666 11,710,009 232,644 55,937 232,092 209,445 132,569 509,513
Total special deductions..................................... 63,608
.................................... 804,974 436,221,213 4,906,124 5,897,867 17,460,714 7,516,044 8,087,025 325,624,786 15,763,256 4,496,394 12,569,250 4,892,108 7,197,565 21,810,080
Income subject to tax
810,455 153,638,842 1,632,643 1,978,582 5,987,205 2,541,994 2,752,233 116,067,903 5,496,274 1,505,716 4,296,357 1,623,380 2,442,18S 7,314,370
Income tax, total ....................................................
148,833,262 1,5%,280 1,933,091 5,754,852 2,475,566 2,731,708 112,128,302 5,405,033 1,481,543 4,125,121 1,592,837 2,398,089 7,210,839
Regulartax ........................................................ 800,645
2,101 9,136 *175 *130 -1,387 '28 -6W 2,771 *22 *512 *163 -2,779 *14 *467
Personal holding company tax ...........................
119 18,274 *677 1 *192 7 16,965 3 (2) *413 *17
Recapture of investment credit ..........................
6,079 17,502 6,834 5,669 449,229 20,110 4,327 12,516 4,507 8,643 22.030
Environmental tax ............................................... 14,257 562:2 2
97,520 460,393 383,011 579,181 19,739,582 120,946 45,835 182,167 132,775 234,487 821,114
Foreign tax credit ................ ................................. 6,311 22,88677.. 848:87*6
3;
405 4,722,588 '21,044 18,461 670,708 302,045 838,609 2,563,227 15,771 1,922 49,401 44,538 11,659 1 115,203
U.S. possessions tax credit .................................. -
17 20,486 3,933 - - 14,791 858 87 816
Orphan drug credit .........................................
32,646 30,641 61,955 21,369 8,773 2,580,062 29,366 25,015 64,651 60,781 64,748 92,880
Prior year minimum tax credit .............................. 13,367 3,072,888
4,696,140 1,786,208 1,297,357 88,211,026 5,226,886 1,404,154 3,876,09S 1,355,393 2,050,768 6,013,488
Total income tax after credits3............................... 796,520 119,169,101 1,453,930 1,797,656
480,274 117,041,431 1,348,413 1,725,342 4,480,633 1,729,315 1,208,519 88,302,401 4,326,066 1,349,486 3,869,530 1,274,524 1,839,359 5,587,843
Overpayments less refund '
14,010,891 193,681 196,231 509,763 241,622 162,589 9,564,857 1,161,379 257,281 581,915 178,567 302,265 660,739
' - ..............................
Tax deposited vvith Form 7004 *** --* ' -- 106,078
.1 *589 *2,565 *17 5,704 *2 *158 363 -4 '105 *11,048
Credit from regulated investment companies 1,498 10,579 '23
20,066 114,113 1,609 2,431 13,432 3,196 961 63,354 2,201 2,492 6,693 2,481 4,001 11,262
Credit for Federal tax on fuels...............................
168,837 61,070 1,633 1.313 4,122 1,999 1,408 32,654 1,231 1,316 4,669 2,040 3,672 5,013
Penalty for underpayment of estimated tax...........
485,836 3,559,115 88,447 85,187 272,519 130,758 91,792 1,652,312 81,411 63,448 227,438 93,430 121 158 651213
Tax due at time of filing.!
323,640 15,733,472 177,399 210,2D4 578,657 321,279 165,086 11,541,965 342,949 268,674 830,147 191,332 212:037 893:743
Overpayment of tax. ~ ............. ...............................
278,762 12,397,796 152,264 174,557 459,385 258,676 133,879 9,089,371 301,500 187,593 581,505 153,389 1 744,417
Credit to 1 M estimated tax ................................
3,335,675 25,136 35,648 119,272 62,603 31,207 2;452,594 41,449 81,081 248,642 37,943 149,326
Tax refunded .......................................................... 100,298
~Esfirnate should be =ad with caution became of the soudl runber of sarnp4e rebuns on which it is based.
Includes full and part-year returns.
Less ft. SSW par rahan.
Also hicludes qualified electric vehicle credit which is not shown separately.
4 Includes 1992 overpayments clakned as a credit. 1993 estirmted in payntents, Ins any rebod of estimated tax paWnents.
5 includes adilushnerts to tax due or overpayments which are not shown separately.
NOTE: octal my not add to total because of rotaxiling. See text for 6E)qpLanatioo of Tenrns~ and OlDescriptim of the Sam* and Liroltaticos of the Data.'
 RETURNS OF ACTIVE CORPORATIONS, CONSOLIDATED RETURNS
Table 19-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Selected Industrial Divisions
(AJI figures are estimates based on samples-money amounts are in thousands of dollars)

Selected industrial divisions

All industrial Agriculture, Transportation Wholesale and retail trade Finance,
Item divisions 'forestry, and Mining Construction Manufacturing ancipublic Wholesale Retail insurance, and Services
fishing utilities Total 2 trade trade real estate
(2) (3) (4) (5) (6) (7) (8) (9) (10)
Number of returns, total..................................... 64,080 898 1,139 3,386 12,092 3,959 14,465 7,205 7,203 18,099 10,0"
Total assets ...........................................I .............. 16,396,654,213 13,993,213 192,548,086 82,247,967 3,811,821,722 1,665,336,128 1,105,832,150 546,528,470 557,853,823 9,029,735,636 495,145,312
Cash ................................................................. 552,738,668 509,243 5,989,760 5,313,841 79,470,215 25,396,153 35,382,469 14,861,025 20,267,776 3T7,594,206 23,082,781
Notes and accounts receivable.......................... 3,843,220,689 1,952,336 18,964,426 18,793,985 824,1 ",600 179,653,501 211,839,9" 124,867,589 86,606,665 2,509,082,101 78,789,797
Less: Allowance for bad debts ........................ 105,939,285 31,628 303,170 216,137 19,004,333 5,147,680 5,972,569 2,964,"2 2,999,164 70,149,542 5,114,227
Inventories .................... .................................... 590,149,084 2,426,994 6,398,023 7,432,801 293,785,788 25,80,884 231,317,323 122,327,523 108,774,337 8,877,490 14,016,781
Investments in Government obligations- ........... 904,537,602 -33,182 962,401 1,116,443 32,039,154 7,342,156 34,568,119 31,648,171 2.919,948 825,336,430 3,139,717
Tax-exempt securities ........................................ 340,768,815. 31,373 87,845 858,140 19,608,488 2,607,823 23,296,322 2,131,523 21,164,800 292,390,725 1,888,100
Other current assets ................................. 1,247,3421,520 948,110 4,185,928 7,393,728 188,628,385 69,648,419 114,149,825 78,373,455 35,657,269 829,149,101 33,240,024
Loans to stockholders.. ...................................... 32,351,489 100,554 555,409 1,034,921 14,067,607 936,555 6,527,062 1,214,791 5,310,986 6,820,854 2,308,528
Mortgage and real estate loans .......................... 1,249,038,550 33,565 50,579 5,484,087 30,688,312 1,914'687 5,630,720 1,367,564 4,263,155 1,202,708,095 2,528,507
Other investments .............. .................... 3,798,534,432 1,972,530 76,341,837 .17,175,157 943,061,738 276,773,732 142,511,594 61,243,579 81,066,598 2,207,691,526 133,006,319
Depreciable assets .... ........................ .............. 3,864,009,546 8,396,076 88,032,508 26,313,018 1,627,056,233 1,372,865,228 322,693,159 116,300,336 206,042,768 233,779,874 184,873,450
Less: Accumulated depreciation ...................... 1,688,6.81,334 4,390,129 41,358,629 14,402,488 825,097,092 513,251.155 131,061,687 51,148,532 79,762,365 86,386,503 72,733,652
Depletable assets.............................................. 121,507,071 296,248 37,567,998 336,932 67,536,883 11,1V,326 3,585,339 3,302,574 269,682 916,592 139,754
Less: Accumulated depletion.......................... 57,614,666 '104,108 16,965,752 142,311 33,984,310 4,98~,403 1,153,417 1,010,271 138,026 223,658 55,708
Land ............................ ..................................... 125,277,249 1,366,266 2,955,131 2,164,031 .41,790,059 11,756,181 28,902,555 6,530,826 22,328,352 24,747,183 11.595,844
Intangible assets (amortizable) .......................... 502,717,146 203,160 7,743,003 988,000 278,993,657 75,106.027 44,820,345 23,589,708 21,229,024 45,678,493 49,184,462
Less: Accumulated amortization...................... 114,528,286 66,881 3,025,261 2",680 66,296,056 12,450,849 8,609,993 4,201,576 4,407,765 11,898,749 11,935,817
Other assets....................................................... 1,191,223,923 316,322 4,366,050 2,848,498 315,332,395 140,143,543 47,405,041 18,094,627 29,259,782 633,621,419 47,190,654
Total liabilities.................................................... 16,396,654,213 13,993,213 192,548,086 8~,247,967 3,811,821,722 11,665,330~1128 1,1105,832;150 546,528,470 557,853,823 9,029,735,636 495,145,312
Accounts payable .............................................. 1,099,051,437 1,182,641 11,71 6,962 13,838,289 421,010,699 83,203'.799 158,508,311 83,303,998 75,074,303 372,830,816 36,759,920
I
Mortgages, notes, and bonds payable in less . I
than one year......................................... 1,176,106,943 1,510,799 7,676,463 7,572,761 325,910,688 124,813,319 187,363,326 142,731,783 ",284,251 490,839,176 30,420,410
Other current liabilities *................................... 5,371,167,626 1,173,809 8,658,188 10,252,404 351,089,522 130,372,692 166,229,072 87,147,770 78,984,722 4,6",418,031 58,973,907
Loans from stockholders ............................... 128,809,566 346,787 1,675,502 1,130,129 48,207,253 5,392,143 9,328,617 4,479,047 4,849,291 53,380,030 9,349,105
I
Mortgages, notes, and bonds payable in one
year or more................................................... 2,219,462,101 2,942,684 42,494,552 15,052,378 794,416,685 468.953,806 211,428,178 89,865,362 121,213,847 548,853,0136 135,320,811
Other liabilities ................................................... 2,908,827,413 1,047,959 23,369,347 6,796,375 612,085,849 293,065,785 98,860,628 24,610,657 74,220,086 1,825,713,808 47,887,663
Capital stock ..................................................... 530,108,411 743,300 7,806,366 3,201,403 151,073,850 166,482,767 49,920,805 30,621,817 19,242,978 122,858,778 28,021,142
Paid-in or capital surplus ........................ .......... 1,907,137,196 2,105,310 96,575,376 15,414,435 705,805,808 280,550.253 128,135,180 50,433,309 77,534,040 536,365,947 142,184,887
Retained earnings, appropriated ............... 72,312,477 *132 154,148 -78,940 11,084,345 11,750,985 296,305 134,773 161,533 48,784,671 162,950
Retained earnings, unappropriated .................... 1,165,840,881 3,281,672 -4,569,742 9,714,793 510,534,615 117,244,558 108,610,405 39,001,534 69,292,920 405,368,406 15,656,173
Less: Cost of treasury stock............................... 182,169,836 341,878 3,009,077 803,942 119,397,591 16,499,980 12,848,678 5,801,581 7,004,147 19,677,034 9,591,658
Total receipts ...................................................... 7,711,223,853 18,839,296 86,414,654 113,349,499. 3,104,292,585 853,960,007 1,671,259,220 778,149,804 890,562,390 1,478,260,667 384,847,926
Business receipts............................................. 6,633,041,326 17,933,979 78,498,826 108,113,SQ , 2,878,M,195 802,679;365 1,609,255,323 750,887,002 855,909,845 787,204,310 351,315,485
:
Interest.............. : ........... ................... 598,659,148 198,495 2,241,939 1,558,369 65,830,594 15,089,538 23,760,470 12,528,876 11,192,242 482,115,262 7,864,481
Interest on Government obligations:
State and local ............................................... 18,415,066 4,349 13,163 81,488 1,477,554 267,739 1,413,996 171,113 1,242,836 14,579,194 577,584
738,892L
Rents........................ :....................................... 74,963,123 65,159 346,863 27,149,050 10,339;095 5,984,400 2,750,339 3,229,484 28,126,626 2,213,039
Royalties............ .............................................. 42,404,560 59,707 366,821 53,806 32,706,545 631;793 3,373,784 788,230 2,585,498 759,713 4,452,392
Net short-term capital gain reduced by
net long-term capital loss................................ 9,250,201 8,737 68,974 22,412 796,816 178,786 283,308 76,824 198,576 7,760,074 131,093
Net long-term capital gain reduced by
net shon-term capital loss ............................... 43,211,140 231,975 799,934 250,707 12,201,613 2,947,822 2,293,821 1,015,191 1,261,339 22,889,128 1,496,139
Net gain, noncapital assets ................................ 25,114,251 41,419 570,640 190,930 9,314,022 3,139,700 2,320,346 1,742,458 577,663 7,322,339 2,214,855
Dividends received from domestic corporations.. 11,461,251 13,242 206,613 50,327 3,690,585 1,278,992 566,412 257,832 307,226 5,462,622 192,457
Dividends received from foreign corporations.. 25,126,125 43,688 359,059 114,825 21,043,917 221,086 911,493 693,637 216,862 1,172,583 1,259,475
Other receipts............. 229,577,661 238,547 2,941,822 1 2,173,900 52,041,693 17,186,091 21,095,867 1 7,238,303 13,840,818 120,768,816 13,130,925
FoohxAes at erx! at table. See teA fe! -EmftnaLtion of
TeT" and 'Descrilption of the sample end Limdatlart of the Data.a
RETURNS OF ACTIVE CORPORATIONS, CONSOLIDATED RETURNS
Table 19-13alance Sheet, Income Statement, Tax, and Selected Other Items, by Selected Industrial Divisions-continued
(All figures are estimates based on samples-money amounts are in thousands of dollars)

Selected industrial divisions

All industrial Agriculture, Transportation Wholesale and retail trade Finance,
Item divisions forestry, and Mining Construction Manufacturing and public Wholesale Retail insurance, and Services
fishing utilities Total trade trade real estate
(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Total deduction& ................................................ 7,402,914,104 18,209,660 85,022,717 112,373,974 2,989,611,411 804,478,502 1,6",910,467 770,420,539 872,110,427 1,375,699,987 372,607,385
Cost of sales and operations.............................. 4,250,232,895 13,301,725 54,624,073 88,435,819 1,953,136,830 312,763,697 1,228,693,952 637,880,825 588,990,721 463,456,707 135,820,092
Compensation of officers................................... 54,710,696 190,255 688,647 1,439,246 14,147,952 3,287,366 6,838,459 3,671,517 3,101,90 22,250,812 5,867,959
Salaries and wages ........................................ - 637,192,675 1,139,022 3,242,164 5,317,131 203,600,665 85,145,330 134,063,843 32,965,421 100,964,708 134,403,905 70,280,614
Repairs.............................................................. 74,826,055 164,836 669,625 416,994 28,505,168 29,257,307 6,986,225 1,880,819 5,099,007 5,230,920 3,594,981
Bad debts... ....................................................... 63,582,112 30,130 205,740 290,712 9,471,"7 7,298,916 6,243,947 1,613,716 4,622,555 35,351,433 4,689,786
Rent paid on business property ......................... 115,185,543 146,550 848,389 978,160 29,610,766 24,587,559 29,507,054 4,836,833 24,651,567 17,710,906 11,796,158
Taxes paid......................................................... 189,672,909 315,876 2,174,257 1,703,519 80,632,129 39,272,092 24,585,442 7,858,604 16,691,669 28,533,881 12,455,713
Interest paid ...................................................... 433,191,291 366,298 4,213,036 2,115,285 109,515,142 49,526,039 32,309,831 14,194,707 18,066,480 219,980,442 15,165,218
Contributions or gifts......................................... 5,520,922 25,171 32,226 42,747 2,776,361 623,490 587,527 235,068 352,012 1,205,723 227,6T7
Amortization ....................................................... 31,000,757 43,299 631,435 126,707 10,348,042 6,238,164 3,033,721 1,425,114 1,608,206 6,436,423 4,142,965
Depreciation.............. ...................................... 282,246,959 555,804 4,783,654 1,708,656 113,250,507 79,963,790 31,798,682 14,981,125 16,764,260 29,607,168 20.578,697
Depletion ........................................................... 7,508,887 10,47S 2,345,163 39,523 3,837,710 942,477 235,204 220,266 14,023 79,773 18,562
Advertising ......................................................... 99,930,075 146,567 70,102 307,823 56,196,012 6,212,984 22,652,252 7,323,423 15,306,112 8,678,325 5,666,011
Pension, profit-sharing, stock bonus. ................
and annuity plans ........................ .......... 45,797,443 75,865 374,885 509,539 24,976,814 6,788,876 3,998,227 1,499,450 2,483,142 6,959,503 2,113,734
Employee benefit programs ............................... 123,783,578 194,181 1,046,082 1,170,389 63,055,017 20,710,558 13,317,037 3,895,903 9,393,355 16,534,975 7,755,339
Net loss, noncapital assets. ............. ................. 19,874,206 21,270 228,021 96,997 3,790,144 1,974,843 1,557,444 703,033 853,694 11,421,695 783,794
Other deductions ..........- .......................... 968,657,102 1,482,337 8,845,219 7,674,727 282,760,706 129,885,013 98,501,621 35,234,714 63,146,965 367,857,396 71,650,083
Total receipts less total deductions..................... 308,309,749 629,636 1,391,937 975,525 114,681,174 49,481,505 26,348,753 7,729,266 18,451,963 102,560,679 12,240,541
Constructive taxable income from related
foreign corporations ................... ....................... 36,228,710 '32,098 162,758 105,487 25,662,952 934,952 1,499,047 1,090,439 408,608 7,003,825 827,592
Net income (less deficit) ........................................ 326,123,393 657,386 1,541,531 999,524 138,866,571 50,148.718 26,433,804 8,648,591 17,617,734 94,985,311 12,490,548
Income subject to tax............................................ 360,888,731 777,023 2,733,106 2,046,619 148,813,883 54,126,023 33,620,786 12,066,694 21,368,963 102,359,099 16,412,191
Income tax, total .................................................. 130,508,382 275,326 1,103,905 727,416 53,435,541 19,879,906 12,290,197 4,457,548 7,768,269 36,974,411 5,821,680
Regular tax........................................................ 125,653,464 265,588 950,649 698,892 51,906,617 18,876,966 11,669,719 4,171,075 7,434,493 35,598,854 5,686,179
.9 - so 1,229
Personal holding company tax ........................... 3,475 -1,970 '116
Recapture of investment credit........................... 21,427 1 S,748 14,374 p) 579 14
Alternative minimum tax................................ 4,393,709 8,771 145,955 20,339 1,282,000 902,095 573,474 269,909 303,565 1,348,657 112,418
Environmental tax .............................................. 531,933 956 5,110 2,409 217,259 93,321 46,122 15,677 30,216 144,774 21,983
Foreign tax credit ................................................. 22,606,156 '20,901 451,507 71,340 16,291,365 333,025 716,620 400,055 315,739 4,042,709 678,690
U.S. possessions tax credit .................................. 206,141 206,108 33
Orphan drug credit............................................... 20,486 20,486
Nonconventional source fuel credit ....................... 680,8" 205 20,743 368,341 210,874 55,301 -55,299 -2 24,191 432
General business credit ....................................... 2,796,935 4,545 10,536 12,302 1,466,391 503,700 243,890 45,631 198,260 363,278 192,292
Prior year minimum tax credit ............................... 2,861,242 4,630 51,985 27,174 904,144 6".473 98,900 34,941 63,959 978,930 1 51,006
Total income tax after creditsA ..................... 101,336,535 245,044 569,135 615,843 34,178,707 18,187,791 11,175,486 3,921,623 7,190,309 31,565,303 4,799,227
'Estimate stwuld be wed with caution because of the small number of sample returns an Mich I based.
Includes Wature of business not allocable' which is not shmvn separately,
Includes Viffiolesale and retail trade not alocable'which is not shovm separately.
Less than $500 per retum.
Also Includes qualifted electric whicle credit v0hich is nat shm- separately.
NOTE: Detail may not add to total because of rounft. See text for 'Explanation of Terms' and 'Description of the Sample and Limitations of the Data.'
 RETURNS OF ACTIVE CORPORATIONS
Table 20 - Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions,
Income Subject to Tax, Income Tax, Credits, and Payments, by Selected Industrial Divisions
(All figures am estirnates based on sample~oney amounts am in thousands of dollars)

Selected industrial divisions

All industrial Agriculture, Transportation Wholesale and retail trade Finance,

Item divisions forestry, and Mining Construction Manufacturing and public Wholesale Retail insurance, and Services

fishing utilities Total 2 trade trade real estate

(1) (2) (3) (4) (5) (6) R (10) AL11

Number of returns with income tax

Number of returns Yvith-
Income tax, total.......... ............................................... ................ 819,143 35,929 5,062 86,999 79,949 40,620 237,888 91,890 144,400- 147,536 183,315
Regular tax......................................................................................... 803,873 35,526 4,687 85,272 77,007 39,616 234,304 90,374 142,332 144,064 181,561
Alternative minimum tax........................................ ............................ 29,326 1,120 721 3,191 6,352 2.603 5,385 2,382 3,003 5,607 4,337
Environmental tax............................................................................... 14,505 122 259 273 4,324 922 2,343 1,489 851 4,873 1,389
Total income tax after--
Foreign tax, U.S. possessions tax, orphan drug, nonconventional
source fuel, qualified electric vehicle, general business, and prior
year minimum tax credits................................................................. 805,198 35,053 4,493 85,060 77,548 39,678 235,422 91,341 142,484 146,661 179,456

Returns with and without net income

Number of returns..................................................... ............................. 3,964,629 141,326 35,345 417,250 307,419 175,980 1,072,980 337,691 729,238 641,397 1,157,724
Dividends received from domestic corporations, total ............................ 13,570,604 86,771 228,404 91,267 4,055,165 1,300,260 746,849 371,218 373,486 6,747,205 314,150
Less-than-20%-owned subject to 70% deduction ............................... 9,188,814 -74,455 80,210 75,016 1,458,257 958,296 374,454 169,072 203,594 5,983,320 184,273
20%-or-more-owned subject to 80% deduction .................................. 3,433,258 8,001 147,659 13,389 1,976,392 334,523 211,561 78,177 133,027 620,918 120,815
Debt-financed stock of domestic corporations .................................... 1100,1000 -2,771 168 -1,545 8,071 -5,765 25,218 -19,925 5,293 56,454 -7
Certain preferred stock of less-than-20%-owned public utilities
subject to 41.176% deduction-, ....................................................... 11,492 '20 '296 *198 530 *273 *1 14 '52 *62 9,613 '448
Certain preferred stock of 20%-or-more-~ed public utilities _
subject to 47.059% deduction .......................................................... 238 - 238
Intragroup dividends qualifying for 100% deduction ............................ 387,410 -1,033 492 270,304 51,375 21,083 '30,292 61,613 -2,591
Amount received from IC-DISC or former DISC .................................. 433,680 *491 71 627 339,934 1,403 84,071 82,910 1,162 -1,068 6,016
Amount received by a small business investment company
qualifying for 100% deduction.................................................. 15,712 1,675 56 56 13,981
Dividends received from foreign corporations, total ................................ 25,907,770 44,113 364,491 116,273 21,536,192 222,228 1,039,876 732,547 306,335 1,314,849 1,269.748
Less-than-20%-owned subject to 70% deduction ............................... 13,508 -6 40 *79 3,788 78 420 239 *181 8,874
20%-or-more-owned subject to 80% deduction................... 11,874 *150 -2 7,868 *508 2,420 2,420 *619 306
: **
Intragroup dividends qualifying for 100% deduction ............................ 612,863 -1,443 5,585 339,415 9,"g '89,966 -2,009 '87,957 34,846 132,159
Other foreign dividends....................................................................... 20=,173 '12,598 335,588 99,205 16,702,476 175,701 818,384 601,393 215,998 1,219,639 927,583
Certain FSC dividends qualifying for 100% deduction ........................ 4,978,352 30,067 -23,127 '16,987 4,482,645 *36,492 128,686 126,486. -2,199 50,871 209,479
Constructive taxable income from related foreign corporations, total 36,501,077 '32,098 162,761 105,501 25,756,697 935,606 1,523,549 1,114,458 409,091 7,138,083 846,783
Includable income of controlled foreign corporations ......................... 21,219,304 '15,696 53.403 67,762 13,861,151 731,327 989,8S9 784.387 205,472 5,058,218 4411,888
Foreign dividend income resulting from foreign taxes deemed paid.. 15,281,773 16,403 .109,358 *37,739 11,895,546 204,279 533,690 330,070 203,619 2,079,865 404,895
Net income OeS5 deficift) .......................................................... : .............. 498,159,174 1,647,725 2,628,720 7~514,819 173,219,957 52,885,350 49,714,808 21,372,655 28,122,598 185,229,845 25.361,467
Statutory special deductions, total.................................. ............. 136,513,433 850,139 1,675,629 1,840,610 20,678,966 5,258,545 6,076,701 3,078,325 2,983,449 94,912,446 5,201,888
Net operating loss deduction .............................................................. 45,158,874 .760,830 1.475,134 1,760,223 12,987,491 4,226,565 5,400,354 2,753,921 2,633,044 13,900,591 4,629,550
Dividends received deduction............................................................. 14,933,621 89,309 200,495 80,387 7,01,475 988,219 675,134 324,404 349,192 4.639,544 568,686
Deduction for dividends paid an certain public utility stock ............... 49,060 42,717 -6,344
Deduction for dividends paid (Forms 11 20-RIC and 11 20-REIT) 75,9N,756 75,984,756
Section 857(b)(2)(E) deduction (Form 1120-REIT)............................. 43 43
Income subject to tax ......................................I ....................................... 436,797,939 2,175,063 3,4K714 5,574,173 173,882,249 56,805,017 48,061,933 19,697,361 28,133,940 124,488,693 22,328,933
Income tax~ total...................................................................................... 154,447,416 613,080 1,360.692 1,654,270 61,912,971 20,717,373 16,373,907 6,713,280 9,58S,574 44,409,373 7,401,280
Regular tax......................................................................................... 149,026,690 590,364 1,185,200 1,575,SD4 60,251,051 -19,667,270 15,690,940 6,394,600 9,221,515 42,851,510 7,210,494
Personal holding company tax............................................................ 9,472 1,970 .9 *183 7,057 W
'33 *344 *161
Recapture of investment credit .......................................................... 22,864 1 *138 6,345 14,374 -1,412 *838 *574 Sal 14
Alternative minimum tax...................................................................... 4,863,090 20,926 166,532 67,459 1,398,580 948,213 623,544 292,615 330,929 1,471,830 165,891
Environmental tax ............................................................... ................ 566,361 1,144 5,779 2,51S 224,307 94,339, 50,128 17,905 31,994 165,076 23,074
Branch tax (Form 11 20-F) .............................. 30,680 34 *453 -6 *574 *21 1,32i -1,318 4 27,964 '204
Taxon netincomefrorn foreclosure property(Form.......... . . ...
112D-RErl)
Section 857(b)(5) tax (Form 11 2D-REIT) ..................................... 43 43
Tax on net income from prohibited transaction (Form 1120-REIT)
dapital gains tax (Form 11 20-RIC) ........... ............................ 7,466 7,466
Excess net passive income tax (Form 1120S).............. .... . ....... 4,988 -630 *233 *713 2,052 *269 -1,783 -1,360

Footnotes at end of table. See text for "Explanation of Temts" and "Description of the Sample and Limitation of the Data."
RETURNS OF ACTIVE CORPORATIONS
Table 20 - Tax Items: Number of Returns by Selected Types of Tax, Dividend Items, Net Income or Deficit, Statutory Special Deductions,
Income Subject to Tax, Income Tax, Credits, and Payments, by Selected Industrial Divisions--Continued
(All figures are estirrades based on sarnples-ney announts are in thousands of dolars)

Selected industriial divisions

All industrial Agriculture, Transportation Wholesale and retail trade Finance,
Item divisions forestry, and Mining Construction Manufacturing and public Wholesale Retail insurance, and Services
fishing utilities Total 2 trade trade real estate

(1) (2) (3) (4) (5) (6) 9) L8) IT (10) M-)

Retunns with and without net income

Foreign tax credit ...................................................... ............ ................ 22,895,789 20,925 526,299 71,686 16,344,916 343,148 732,257 415,049 316,382 4,150,328 706,223
U S. possessions tax credit ................. ........................................ 4,722,688 342 1,141 4,568,902 82,567 22,269 2,186 20,082 35,568 11,699
Orphan drug credit ............................................................ .................... 20,486 20,486 - - -
210,874 57,070 57,022 '48 25,227 .'W
Nonconventional source fuel credit ........................................................ 690,593 245 27,566 -*7 2 368,357
General business credit ........................................................... : 3,078,073 14,663 12,501 22,262 1,573,053 519,988 280,603 62,526 218,077 421,357 233,613
Prior year minimum tax credit ................................................................ 3,102,567 8,299 56,392 65,911 966,332 657,825 128,958 52,423 76,535 1,053,674 165,177
Total income tax after-
Foreign tm U.S. possessions tax, orphan drug, nonconventional
source fuel, qualified electric vehicle, general business, and prior
year minimum tax credits................................................................. 119,937,278 568,605 737,935 1,492,497 38,070,925 18,902,929 15,152,750 6,124,073 8,954,449 38,723,220 6,284,086
Overpayments less refunds .............................................................. 119,240,986 502,744 830,358 1,258,737 38,603,637 18,845,737 13,743,560 5,896,685 7,774,263 39,386,238 6,069,2"
Tax deposited with Form 7004 ............................................................... 14,231,662 78,731 77,233 311,192 4,524,518 1,570,944 2,679,549 918,927 1,749,238 4,093,373 895,956
W 521 467 -5,696 834 195 *639 3,245 '65
Credit from regulated investment companies ......................... .......... 11,175 *298
Credit for Federal tax on fuels................................................................. 186,343 16,835 5,126 31,061 43,447 53,695 18,586 11,546 7,040 2,955 14,648
Tax from Section 11 (Form 11 20-F) ....... .................................................. 683,832 631 *2,639 - 20,494 *790 10,622 10,488 *134 643,857 4,671
US tax paid or withheld at source on effectively connected
income (Form 1120-F)............. .......................................................... 151,746 *358 -1,031 '48S -7,171 -2,892 *2,&93 *39 134,443 4,647
Tax due at time of filing ...................................................... r ~................... 3,620,693 96,266 31,826 295,466 689,388 227,614 808,857 400,926 405,296 1,000,282 467,225
Overpayment of tax ................................................................................ 17,589,079 126,555 207,232 401,921 5,788,870 1,799,075 2,100,480 1,101,463 986,638 6,000,920 1,162,978
Credit to 1994 estimated tax ................ - ........................... ..................... 13,390,026 69,518 153,032 231,446 4,841,687 1,616,430 1,540,943 849,137 679,928 4,085,176 851,468
Tax refund....................................................................... ..................... % 4,199,027 57,037 54,200 170,474 947,183 182,619 559,537 252,326 306,710 1,915,743 311,510
ftEsfimate should be used with caution because of the small nurnber
. of sarnple returns on which it is based,
Includes Nature of business not allocable which is not shown separately.
Includes 'Wholesale and retail trade not allocabWwhich is not shown separately.
Less than $500 per return.
NOTE: Detall my not add to total because of rounding. See te)d for ~E)pbtnatlw of Term~ and Mescription of the sample and Undiations of the Date.*
_16 RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S, 1120-REIT, AND 1120-RIC
Table 21-Number of Returns, Selected Income, Tax, Credits, and General Business Credit Items, by Selected Industrial Divisions
(All figures are esti ates based on samples--money amounts are in thousands of dollars)

Selected industrial divisions

All industrial Agriculture, Transportation Wholesale and retail trade Finance,

Item divisions I forestry, and Mining Construction Manufacturing and public Wholesale Retail insurance, and Services
fishing utilities Total trade trade real estate
(2) (3) (4) (5) (6) (7) (10)
(8) (9)
Number of returns ................................................ 2,055,982 76,562 18,700 224,755 180,373 99,124 575,659 203,174 368,695. 347,827 523,168
Net income ................ : ........................................ 496,151,930 3,010,303 51057,528 7,386,410 193,792,723 62,017,902 54,718,707 22,733,069 31,740,346 142,682,409 27,440,178
Income subject to tax........................................... 436,613,256 2,169,864 3,454,135 5,557,993 173,858,008 56,798,157 48,023,961 19,687,133 28,106,196 1124.445,34(~ 22,278,533
Income tax before credits:
Total ............................ i .... ............................ 154,358,598 611,663 1,359,862 1,648,296 61,895,854 20,714,976 16,348,231 6,703,642 9,569,536 44,391,527 7,38i,718
Regular tax .................................. ................... 148,970,874 589,527 1,185,001 1,570,594 60,242,726 9,664,873 15,677,835 6,391,073 9,211,937 42,843,021 7,192,941
Credits:'
Foreign tax credit .......... : ........ ; .......................... 22,895,789 20,925 526,299 71,686 16,344,916 343,148 732,257 415,049 316,382 4,150,328, 706,223
U.S possessions tax,credit ................................. 4,722,588 342 1,141 4,568,902 82,567 .22,269 2,186 20,082 35,568 11,699
Orphan drug credit ........................................... 690,593 245 27,566 *772 .1m
368,357 210,874 57,070 57,022 '48 25,227
Nonconventional source fuel credit ....................... 20,486 20,486 -
General business credit .................... :................. 3,078,073 -14,6 3 12,501 22,262 1,573,053 519,988 280,603 62,526 218,077 233,613
Prior year minimum tax credit ............................ 3,102,567 8,299 56,392 65,911 966,332 657,825 129,958 52,423 76,535 1,053,674 165,177
General business credit items:
Tentative general business credit ........................ 16,329,787 123,461 704,303 191,406 7,495,142 3,634.857 1,139,929 459,446 678,567 1,284,310 1,756,303
Current year regular investment credit ................. 113,879 272 369 175 34,163 31,563 3,997 *952 3,044 37,717 5,624
Total allowable research credit........................... 1,856,501 4,723 3,990 5,628 1,405,686 154,260 42,753 36,109 6,644 22,839 216.621
Total jobs credit for current year......................... 290,861 3,014 *24 1,101 60,099 6,812 174.574 4,164 170,410 -10,371 34,866
Current year alcohol fuel credit ...................... o .... W9 - -
.24,578 12,906 (4) -2,633 -2,579 .54 8,829
Current year low-income housing credit ............... 359,989 *817 *322 5,565 81,828 72,558 22,403 8,092 14,311 171,969 4,527
Current year enhanced oil recovery credit ............. 93,416 -
-3,084 84,414 652 - - - .'5,266
Current year disabled access credit ..................... 1,845 - .1 '58 *832 '832 505- *450
Passive activity credits..................................... 6,380 *47 - - -2,182
*525 967 -2,371 *189 2,453 *18
Passive activity. credits allowed in 1993 .............. 3,945 *528 *16 *727 '5ffi *162 *2,073 *136
Carryforward of general business credit from
prior years .................................................... 13,557,153 114,406 692,982 .176,539. 5,751,112 3,427,379 .890,056 408,170 479,970 1,017,918 1,486,686
Income tax after credits'. ...................................... 11 9,848,460 567,189 737j105 1,486,5.23 38,053,808. 18,900,532 -15,127,073. 6,114,435, 8,938,410 38,705,375 6,266,524
~'Estimate should be used with caution because of the small number of sample returns on which it is based~
I includes "Nature of business not allocable" which is not shown separately.
2 Includes "Wholesale and retail trade not allocable" which is not shown
separately.
3 Also includes qualified electric vehicle credit which is not shown separately.
I Less than $500 per return.
NOTE: Detail may not add to total because of rounding. See text for "Explanation of Terms" and "Description of the Sample and Limitations of the Data."
RETURNS OF ACTIVE CORPORATIONS, OTHER THAN FORMS 1120S, 1120-REIT AND 1120-RIC
Table 22 - Number of Returns and Selected Tax Items, by Size of Total Income Tax After Credits
(All figures are estimates based on samples-money amounts are in thousands of dollars and size of total income tax after credits are in whole dollars)
Number of Income tax
returns of active before credits
corporations, Income Foreign U. S. Orphan Nonconventional General Prior year Income
Size of total income tax after credits other than subject Regular tax possessions drug source fuel business minimum tax after
its 4
Forms 11 20S, to tax Total tax credit credit credit credit credit tax credit cred
1120-REIT,
and 1120-RIC
(2) (3) (4) (5) (6) (7) (8) (9) (10) (11)
(1)

Total ....................................... ; ............................ 2,055,982 436,613,256 154,358,598 148,970,874 22,895,789 4,722,588 20,486 690,593 3,078,073 3,102,567 119,848,460

Returns with net income ........................................ 1,123,240 436,221,213 153,638,842 148,833,262 22,885,778 4,722,588 20,486 690,309 3,077,651 3,072,BB8 119,169,101
3 10,011 - - 285 422 *29,680 679,359
Returns without net income................................... 932,743 392,043 719,755 137,612
Returns with total income tax before credits........... 814,692 436,050,522 154,358,598 148,851,681 22,895,789 4,722,588 20,486 690,593 3,078,073 3,102,567 119,848,460

Returns with total income tax after credits... : .......... 800,747 428,132,409 151,637,923 146,131,006 22,894,697 2,053,199 20,486 685,948 3,054,182 3,080,909 119,848,460

$1 under $6,000 ............................................... 574,021 6,858,927 1,254,460 1,235,756 8,603 323,853 -1,854 22,536 10,360 887,254
$6,000 under $10,000 ..................... ................. 66,952 3,212,955 539,639 521,578 648 18,791 *354 7,590 3,656 508,601
$10.000 under $15,000..................................... 37,779 2,527,484 496,161 471,566 4,715 '15,347 2 6,175 5,013 464,908
$15,000 under $20,000..................................... 17,896 2,191,315 581,050 562,165 -3,772 254,816 8,387 2,288 311,787
$20,000 under $25,000..................................... 13,601 1,346,041 343,529 320,227 18,411 12,542 *301 4,886 3,349 304,040

$25,000 under $50,000..................................... 28,000 3,786,940 1,126,953 1,045,906 18,723 81,9113 -1,391 14,620 14,229 996,008
$50,000 under $75,000..................................... 12,263 2,453,387 830,134 769,644 9,424 39,888 -4 11,910 14,126 754,782
$75,000 under $100,000................................... 8,364 2,413,069 854,077 797,930 10,844 84,784 *557 17,667 16,386 723,838
$100,000 under $250,000................................. 20,185 10,152,431 3,638,758 3,457,814 279,946 '631 56,085 63,499 3,157,003
$250,000 under $500,000 ................................. 8,648 9,854,706 3,504,820 3,360,970 122,985 212,866 3,886 50,083 59,119 3,055,880

$500,000 under $1,000,000.............................. 5,322 12,964,197 4,626,748 4,427,775 246,904 502,381 - 4,287 63,853 74,199 3,735,123
$1,000,000 under $10,000,000....... .................. 6,291 59,191,280 21,558,358 20,405,562 2,315,774 226,001 7,087 40,749 396,383 374,426 18,197,938
$10,000,000 under $50,000,000 ........................ 1,017 75,538,716 27,835,442 26,399,404 4,079,414 - 849 181,175 614,876 639,891 22,319,237
$50,000,000 under $100,000,000...................... 218 52,395,073 18,845,803 18,312,614 2,588,632 6,675 17,535 395,767 504,714 15,332,481
$100,000,000 or more....................................... 190 183,245,889 1 65,601,989 64,042,~96 13,384,253 5,874 1 433,223 1 1,383,364 1 1,295,655 1 49,099,578
Estimate should be used with caution because of the small number Of 5ample returns on which it is based.
Income tax before credits includes adjustments to income tax and adjustments to total tax.
2 Regular tax includes adjustments to income tax which tax credits could be used against

3 Amount was reported by life insurance companies and banks with life insurance departments taxable under special provision of the Internal Revenue Code.
Credits include foreign tax, U.S.possessions tax, orphan drug, nonconventional source fuel credit qualified electric vehicles, general business,
and prior year minimum tax credits.
NOTE: Detail may not add to total because of rounding. See text for "Explanation of Terms" and "Description of the Sample and Limitation of the Data."
RETURNS OF ACTIVE CORPORATIONS
Table 23~Alternative Minimum Tax: Number of Returns, Adjustments, Tax Preference, and Related Items, by Selected Industrial Divisions.
(All figures are estimates based on samples-money amounts are in thousands of dollars)
Selected industrial.divisions
All industrial Agriculture, Transportation Wholesale and retail trade Finance,
Item divisions I forestry, and Mining Construction Manufacturing and public Wholesale Retail insurance, and Services
fishing ~, utilities Total 2 trade trade real estate
(1)(2) (3) (4) (5) (6) (7) (8) (9) (10)
Returns of active corporations: .
Number of returns.......................................................... 3,964,629 14 1,326 35,345 417,250 307,419 175,980 1,072,980 W.6911 729,238 641,397 1,157,724
Returns with attemative minimum tax items:
Number of returns ............................................................ 29,326 1.120 721 3,191 6.352 2,603 5,385 2,382 3,003 5,607 4,337
3,248,217,041 5,977,156 70,292,724 23,174.106 813,681.159 499,027,073 353,738.346 123,298,778 230,439,569 1,350.9M.888 131.328,612
Total assets......................................................................
Business receipts............................................................. 1,732,785,237' 8,275,732 34,050,671 32,466.866 664,081,933 247,167,469 450,215,095 210,698.559 239.516,536 213,221,946 83,305,525
11,057,036 5,594 54,= 45,491 1,532,234 2.619.259 1,961,788 430.283 1,531,505 4.210.128 627,914
Bad debts.........................................................................
Depregiation ..................................................................... 79,199,551 331,043 2,447,707 749,455 25,294.705 24,020.996 13,447,195 9.083,828 4.363,368 4.688.645 8.219,099
Amortization..................................................................... 8,151,383 23,207 258,760 42,875 2,533,694 2.667.826 840,670 309.502 531,169 886,979 897,371
3,237,929 *2.619 1,319.429 8.676 1,474,188 352.665 41,547 31,616 -9.931 27,820 *10,984
Deplebon.....................................................;
p ....................
Net income ....................................................................... 62,744,277 429,329 2,955,329 784,469 25,697,448 7,846,562 4,210,958 1,783,184 2,427.774 .17,275,721 3,534.262
Regular tax ....................................................................... 10,580,142 27,918 571,174 96,576 5,169,224 1.483,505 326,721 136,686 190,035 2.587,356 317,568
Recapture of investment credit ....................................... 706 14 *276 397 (4) (4)- 19
Alternative minimum tax ......................... 4,863,090 20,926 166,532, 67.459 1.398,580 948,213 623,544 292,615 330,929 1,471.830 165,691
Income tax after credits I..................................................
............... 10,150.283 48,507 264,151 128,690 3.215,203 2,329,287 906,461 415,892 490.568 2,949,245 308.626
Alternative minimum tax items: -
Adjustment items:
Depreciation of property placed in service
after 1986............. : .................................................. 18,175,151 66,394 463,330 120,959 7,479,496 5,739,281- 2,480.569 1,648,243 832,326 863.131 961,819
Amortization of certified pollution
10,996 .1 *1,189 9.410 *398
control facilites after 1986........................................
Amortization of mining exploration and
development costs paid or incurred
after I 9W.................................................................. 87,532 58,805 13,141 11,827 3.712 3,712
Circulation expenses .................................................... *-519 -3 (4) *-515 -1
Basis adjustment......................................................... -3.025,535 -5,233 -99.974- -14,048 -1,062,663 -413,679 -659.359 -182,668 -220.880 -549,699
Long-tarm contracts entered into after 2/28186 ............ 381,810 *6,444, *-35 273,269 34,464 65,368 -.1,176
, *11.176,~ 725 *398
._2
Installment sales of certain property ..................... -104,891 - .-1,088 -1,935 (4) .1 107 280
.45,259 29 - - 45,230
Merchant marine capital construction funds ................
Section 833(b) deduction ............................................. 1,819,916 - 1,819,016
-
Tax shatter farm activity loss ........................................
Passive acbvity loss.: ................................................... 17.144 *-107 *747 *7,253 *-5,166 -2.163 *172 *1,990 6,034 25,549
Certain loss limitations ...................................... :.......... 40.928 65.669 28 -.33
Other adjustments............ ............................................. -594,999 *-7-97 -487 -577,405 -14.839 -7.085 8,051 .15,137 34,360 3,903
.
Total adjustments; ...................... : ................................. ~6,852,791 389,349 388,882 5,948,725 5,290,965 1.822.282 1.tI54,596 637,685 2,503.641 442,332
Tax preference ttems:,
Depletion....................................................................... 1;048.890 - *295 567.176 7,427 322,306 .137.591 6,588 *8,365 -224 -28 *7,533
Tax exempt interest from private activity
bonds issued after 817/86.......................................... 309,908 *136 *357 5,123 1.740 *73.933 *95 73,838 228.223 398
Appreciated property charitable deductioh.................. '40,584 -5,115 26,989, -9,800 3.161 -1,414 4,575 3,341 -3,368
Intangible drilling costs................................................ 73,629 '11,37.8 13,829 40,715 .811 807 4 *594
-Reserves for losses on bad debts of
7,398 7,407 7.7
financial institutions .................................................
Accelerated depreciation of real property
placed in servicti before 1987.................................. 41,472 -.7 *425 10,421 5,077 5,401 1.942 3.460 18,949 1,28,6
Accelerated depreciation of leased personal
.2,064 .1' 614 116 *173 .161
. property placed in service before 1987....................
Total tax preference items ................................................ 1,442.778 573.494 7,001 326,305 175,437 89.894 -7. 94 82,100 258,660 12.3D5
Adjusted current earnings adjustment after excess............. 16,031,628 70,303 100,677 151,722 4,999.888 3.979.6W 2,206.013 883,898 1,322;115 4,080.1 39 4143.157
I . I
Alternative minimum taxable income before
alternative tax net operating loss deduction......... ........... 88,065,719 519,415 3,707,112 1,240,372 34,042,133 1 ~.853.504 6.792.703 3,335,990 3.456,714 - 22,824.109 4,076,240
Aftematim tax net operating loss deduction :.......... : 18,818.091 234,880 91 6007 373,162 6,244,980 2,25.1.405 1,941.357 1.129,899 8 11.459' 5,110,150 1.737,032
Aftemative minimum tax foreign tax credit ............. i ............. 3,362,314 -5 285.516
' '23,315 .2,171,698 30,687 32,902 11,762 '21.140 696,144 122,032
Tentative minimum tax ........................................................ 10.352,653 49,847
- 268,564 130.155 3;355,401 2.485.707 908,541 418,545 489,996 2,832,621 321.683
Estimate should be used with caution begause of the mall number of -earnple returns on which it is based.
Includes 'Nature of business not allocable' which is net shown separately.,
includes "Wholesals and retail trade not allocablem which is not shown separately.
Credits include foreign tax, U.S. possi"ons tax, orphan drug, nonmnventimal source fuel, qualified electric vehicle, general business, and prior year minimum tax credits.
Low than $500 per return.
NOTE: Detail may not add to total because of rotincling. Sea test for *Explanation of Terms' and 'Description of the Sample and Urnitations of the Data.'
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 24-Balance Sheet, Income Statement Tax, and Selected Other Items, by Major Industry
(All figures are estimates based an samplas.-money amounns are in thousands of dollars)

Major industry

Mining

All Agriculture, Nonmetallic

Industries forestry, Metal Coal Oil and gas minerals,
and fitilling Total mining mining extraction ..c.ot fuels

(2) (3) (4) (5) 16) 17)

Number of returns. total.......................................... 1,026 849 116 30 6110 94
Toted asset ............................................................ 2.097.337.937 2.756.731 59,183.898 20.760,901 14,813,261 17.250.425 6.369,310
Cash. ................................................................ 73,954,021 135,632 2,038,196 675,423 40,485 1,028,804 293.484
Notes and accounts receivable ............................ 413,981,832 233,385 9,341,271 3,030,847 3.671,073 2,025,611 '613,740
Less: Allowance for bad debts ......................... 11,545,504 4,835 48,501 11,781 644 23,026 -13,050
inventories......................................................... 123,275,289 384,256 2,534,398 784,308 228,293 1,340,154 '181,643
Investments in Government obligations ................ 64,351,209 209 -791,147 -240,912 550,235
Tax-exempt securities......................................... 16,989,324 491 491
Other current assets ...........................................
Loans 319,750,885 68,152 1,441,240 267,729 74,740 825,582 *273,189
stockholders ......................................... 18,270,018 -18,970 150,884 *27,509 9,445 -108,964
Mortgage
to and real estate loans............................ 44,641,975 -35,051 226 226
Other investments ............................................... 521,621,147 154,054 18,748,900 7,326,562 -6,587,650 2,050,358 *2,784.330
Depreciable assets.............................................. 445,614,024 1.606,615 19,412.247 7,210,668 4,572,733 5,891.243 1,737,603
Less: Accumulated depreciation ....................... 178,891,567 727,961 9,287,152 2,278,510 2,567,296 3,638,408 802,939
Depletable ssets................................................ 26,557,995 -31,211 13,908.024 2,710,634 581,704 10,064,223 551,463
Less: Accumulated depletion........................... 12,397.642 *8,229 5,538,984 858,754 249,925 4,402,131 28,174
Land .................................................................. 37,570,807 768,175 1,278,291 307,906 612,529 194,945 -162,911
Intangible assets (amortizable) ............................. 107,213,483 89,099 3,694,913 -1,054,373 1,052,865 1,223,956 363.719
Less: Accumulated amortization ....................... 24,970,932 38,594 1,387,713 331,996 540,845 475,700 39.172
Other assets ....................................................... 111.351,574 11,540 2,106,021 595,072 740,453 485,389 285,107
Total liabilities ......................................................... 2,097,337,937 2,756,731 59.183.898 20.750.901 14,813.261 17,250,425 6.369,310
Accounts payable............................................... 176,250,185 288,245 5,649,472 1,869,380 1,783,688 1,358,719 -637,684
Mortgages, notes, and bonds payable in less
than one year ................................................. 233,839,634 303,513 5,365,148 1,504,285 26,714 2,541,264 1,292,886
Other current liabilities........................................ 592,693,896 169,079 3,395,871 858,932 484,804 1,667,551 384,584
Loans from stockholders ..................................... 55,056,701 311,371 2,617,663 573,175 506,139 1,515,306
Mortgages, notes, and bonds payable in one
year or more................................................... 345,773,635 883,036 9,710,677 4,313,502 1,597,951 2,845,566 *953,657
Other liabilities ..................................................... 228,082,637 243,629 6,884,807 2,248,604 3,191,046 1,340,658 104,500
Net worth ........................................................... 465,641,349 557,858 25,560,260 9,383,023 7,222,920 5,981,361 2,972,956
Papitall stock ................................................... 126,127,295 436,156 3,816,651 1,193,313 204,503 1,738,247 680,588
Paid-in or capital surplus .................................. 413,868,127 1,050,380 32,975,687 8,745,707 8,419,326 13,505,267 *2.305,387
Retained earnings, appropriated ....................... 3,117,239 *55,802 21,314 33,886
Retained earnings, unappropriated ................... -68,912,607 -932,780 .11,202,579 -574,939 -1,362,489 -9,261,927 -3,225
Less: Cost of treasury stock ............................ 8,558,706 *85,301 2,372 72,306 *828 *9,795
Total receipts.......................................................... 1,250.150,771 1.552.382 34,149,431 5.730,477 4,393.107 22.129,189 1,896,577
Business receipts ................................................ 1,141,891,405 1,445,666 32,070,947 5,196,916 3,842,946 21,293,270 -1,737,815
Interest.............................................................. 59,638,147 20,566 766,948 189,608 119,414 345,589 112,336
Interest on Government obligations:
State and local................................................ 583,624 46 27 27
Rents ................................................................. 7,603,684 11,685 42,928 *5,558 8,582 27,231- 1,556
Royalties ............................................................ 4,829,465 88 81,932 *46,503 125,305 9,365 *759
Net short-term capital gain reduced by
net long-term capital loss................................. 934,976 -1,885 6,853 1,522 5,330
Net long-term capital gain reduced by
net short-term capital loss............................... 6,371,589 115,554 104,880 51,761 20,502 -32,183 -434
Net gain, noncapital assets.................................. 2,959,032 '11,452 114,078 78,560 12,461 15,578 -7,479
Dividends received from domestic corporations 1,156,889 *11,728 5,776 3,586 475 1,645 70
Dividends received from foreign corporations 2,657,306 60,512 17,512 37,590 5,409
Other receipts..................................................... 21,524,654 37,167 894,551 140,445 -361,97 361,407 -30,720
Total deductions ..................................................... 1,239.943,258 1,627,870 33,431,276 5.014.969 4.291,787 21,631.739 1,892.781
Cost of sales and operations................................ 822,699,577 977,802 24,953.731 3,313,708 3,052,730 17,456,372
Compensation of officers..................................... 7,615,409 17,053 109,361 25,529 4,967 65,590 -13,274
Salaries and wages............................................. 77,689,103 137,667 744,353 102,042 15,217 527,821 -99,273
Repairs............................................................... 6,145,983 8,424 125,091 * 15,856 67,439 21,148 -20,648
Bad debts ........................................................... 7,418,633 4,746 117,393 -11,421 3,402 100,993 -1,577
Rent paid on business property ............................ 14,466,088 23,532 171,764 17,172 38,316 105,937 10,339
Taxes paid .......................................................... 21.826,398 34,213 541.057 86,659 233,182 178,952 42,264
Interest paid ....................................................... 61,271,527 72,283 1,150,955 412,797 179,276 399,794 159,088
Contributions or gifts .................................... ..... 432,494 *400 7,946 3,045 3,802 -834 265
Amortization....................................................... 5.689,104 16,741 231,640 121,579 22,037 68,961 19,063
Depreciation. ...................................................... 38,693,979 108,570 1,445,339 594,912 226,087 491,296 133,045
Depletion............................................................ 1,536,186 856,613 385,044 104,554 314,432 *52,582
Advertising ......................................................... 20,045,589 17,835 33,383 *3,831 4,463 19,258 *5,831
Pension, profit-sharing, stock bonus,
and annuity plans............................................. 4,339,001 5,579 114,252 19,117 18,033 68,229 8,873
Employee benefit programs ................................. 13,920,686 14,061 224,328 47,390 29,663 112,855 -34,419
Net loss, noncepital assets .................................. 2,642,031 26,406 79.257 *246 2,075 74,951 1,986
Other deductions.... ............................................ 133,511,471 162,559 2,524.813 454,621 286,544 1,624,316 159,332
Total receipts less total deductions.......................... 10,207,513 -75,488 718,155 115,508 101,400 497,450 3,796
ConstrucOve taxable income from related
foreign corporations............................................ 1,569,822 201 23,830 3,834 2,092 17,828 76
Includable income of controlled
foreign corporations ........................................ 732,643 49 6,371 2,822 2,092 1,457
Foreign dividend income resulting
from foreign taxes deemed paid ....................... 837,178 152 17,459 1,012 16,371 76
Not income (loss deficit) .......................................... 11,193,711 -75,333 741,958 119,315 103,491 515,279 3.873
Statutory special deduction, total ............................. 8,210,474 52,097 433,537 51,646 39,828 -4,555
337,507
Not operating loss deduction ................................... 7,003,637 44,413 411,763 31,400 39,448 336,405 -4,510
Income subject to tax .............................................. 27,951,044 30,349 1,193,654 376,433 95,514 669,250 52,457
Income tax, total .................................................... 10.379,828 10,354 480.102 149,345 56,706 251,251 22,799
Regular tax......................................................... 9.6e2,976 8,677 416,281 131,284 33,336 233,426 18,235
Recapture of investment credit ............................ 42
Alternative minimum tax ...................................... 674,259 1,648 61,491- 17,362 23,071- 16,617 4,442
Environmental tax............................................... 41,983 *28 2,233 699 299 1,113 123
Foreign tax credit .................................................... 1,615,042 288,521 56,645 13,531 -218,087 258
U.S. possessions tax credit ...................................... 202,510 -
56
Orphan drug credit .................................................. 14,263
Nonconventional source fuel credit .......................... 40,358 1,669
General business credit........................................... 205,722 *189 967 9 609 449
Prior year minimum tax credit.................................. 234,409 11,602 11.4,905 8.731 3,630 -1,781 763
Total income tax after credits I................... IL~J 8,167,524 8,506 1 174,039 83.960 39,036 29,714 21,329
Footnotes at and of table. See text for "Explanation of Terms* and "Description of the Sample and Limicadert of the Data."

129
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 24-Balance Sheet Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
(All Illness are estimates based cm umples--monsy amustis are In thauunds of dollars]

Major induStry--COntinudd

Construction Manufactuing
G.M.1
its. buldl~ Apparel and
contractors Heavy Special trade Food am Tobacco Textile mill other
Tout and Construction convectors Total kindred products manufac"as products textile
operative contractors products
ovild-
18) (9) (101 (121 (131 (14) (15) (16)

Number of returns, totall.......................................... 640 6.289 355 164 139

Total assets ............................................................ 7,9~:408857 4.616.732400 1.897.1
81766 1.430.071 596.032.014 74.304,929 5.875.768 1.9W.713
679.680 ...
Cash.................................................................. 363,437 176,905 139,338 13,000,387 1,387,753 236,635 98,658
...
Notes and accounts receivable ............................ 2,417.210 1,371,792 595,683 449,735 99,825,845 14,544,975 943,268 348,592
...
Lew: Allowance for bad debts 32,689 -15,988 8,902 2,843,072 136,413 25,005 20,964
Inv mories ......................................................... * 566,639 383,831 65.821 116,986 60,267,021 6,059,158 014.804 609,222
Investments in Government obligations ................ 49,762 31,687 18,075 - 185,959 355
Tax-exempt securities ......................................... 16,831 16,831 307,7
Other current assets........................................... 987,335 510,257 339,265 137,813 40,647.2:3
6 4,465,473 100,583 ;25,946
Loans to stockholders... ...................................... * 144 254 *133, 07 -2423 -7,924 1,68 3 -131.171 *722
Mortgage and real estate loans............................ 15:137 ll,:58 3:579 387:'7015 -269,162 2,413
Other investments ............................................... 913,062 755,810 90,285 66,967 132,611,676 20.711,162 586,200 267,131
Depreciable assets.............................................. 2,565,778 1,029,385 907,506 628.887 254,497,429 19.795,249 4,028,642 574,901
Lou: Accumulated depreciation ....................... 1,163.340 318,553 520.043 324.744 112,748,383 7,703,820 1,652,241 257,914
Depletable a sets................................................ *24,909 1,989 *22,673 247 11,444,386 2,953
Len; Accumulated depletion........................... -7,816 300 -7,279 236 6,470,355 2,582
319,146 ...
Land .................................................................. 215,391 38,485 65,270 13,621,075 998,626 -60,927 0,132
Intangible swats (amortizable) ............................. 181,258 .18,609 40,050 122,599 68,123,818 11,934,926 298,675 117,
1 603
Less: Accumulated amortization ....................... 48,698 4,958 14,590 29,149 14,649,201 1,564,003 79,494 -18,473
Other assets....................................................... 316,628 128,486 130,006 58,137 36,136,251 3,410,782 ... 359,631 45,881
Total liabilities......................................................... 7.94S.087 4.616,340 1.897.876 1.430.871 5916,032,014 74,304,929 ... 5,875.758 1,900.713
Accounts payable ............................................... 1,525,166 916,165 364,912 244,089 62,901,945 10,190,155 506,276 247J92
Mortgages, notes, and bonds payable in less
than one year ................................................. 863382 5:14,299 138 552 43 5319 61,758,572
7 7,105,143 871,455 428:292
Other current liabilities........................................
Loans 11038:607 3 8 74 490:165 1183:56 54,78 322 6.362,841 513,956 156,737
from stockholders ................... :................. 618,005 387,352 121,152 1 09~ 501 18,518,944 2,908,824 -136,844 -46,406
Mortgages, notes, and b9nds payable in one
year or more ................................................... 1,742,497 949,606 557,320 235,571 140,262,424 20,056,637 1,770,559 453,717
Other liabilities.................................................... 1,056,346 942,487 83,660 30,198 57,684,703 796,641 277,674 -33,982
Net worth.................. ..................! : ............. 1,101,083 474,557 1 42,114 484,412 200,118,104 26,884,687 1 lifl)8.994 602,251
601,190 ..
'Capital stock ................... : ............................... 345,591 99,581 f56,018 34,027,096 2,437,551 545,533 143.6i2
Paid-in or capital surplus .................................. 2,485,813 1,148,257 978,863 358,693 182,327,329 19,518,830 1,419,383 676,752
Retained earnings, appropriated ....................... 265,623 9,550
Retained earnings, unappropriated ................... -1.985,919- -1,019,290- -936,330 -30,299 -10,134,275 10,878,651 -152,676 -213,049
Len: Cost of treasury stock............................ - 6,367,669 -5,959,895 -13,247 -5,084
Total receipts.......................................................... 11,160,925 5,338,921 3,807,154 2,014.849 505.790.132 54.349.657 6.090.517 2.398.680
Business receipts ................................................ 10,756,814 5,094,461 3,706,681 1,955,672 483,024,584 49,870,393 5,953,804 2,354,221
Interest .............................................................. 154,000 118,630 20,224 15,145 7,107,295 1,427,757 47,809 14,399
Interest on Government obligations;
...
State and local................................................ 1,522 8 -1,486 *27 21,673 916 108 1
Rents................................................................. 86,507 44,770 11,862 29,874. 1,085,172 134,483 2,922 2,137
Royalties............................................................ -3,291 143 *3,147 2,832,725 881,698 2 882 *8,962
:
Net short-term capital gain reduced by
net long-term capital loss................................. 972 972 47,309 354
Net long-term capital gain reduced by
net short-term capital loss............................... 32,181 27,726 4,440 16 , 2,026,749 233,067 11,058 397
Net gain, noncapital assets.................................. 21 3:9 10,?25 8 165 2,609 806.:6 4555 13,032 877
Dividends received from domestic corporations 25 0 24 2 509 567, 402 341:415 ill -2,492
Dividends received from foreign corporations 246 - - 246 1,656,243 949,415 3;984 500
Other receipts. .................................................... 101,443 42,533 50,813 8,097 6,614,180 415,603 54,809 14,695
Total deductions ..................................................... 11,438.976 5,650.444 3.797,142 1,991,390 498.201.615 52.117,367 5.905.557 2,420,070
Cost of sales and operations ...................... 9,410,013 4,794,758 3,266,426 1,348,830 331,110,789 30,022,420 4,261,925 1,701,721
Compensation of officers ...................................... 123,028 45,657 43,736 33,635 2,476,108 228,935 62,453 27,408
Salaries and wages............................................. 498,451 152,214 113,609 232,628 32,488,087 3,614,274 298,927 182, 526
Repairs............................................................... 33,711 13,473 7,i04 13,135 3,602,530 364,580 9,798 14,409
Bad debts ........................................................... 30,767 23,131 3,255 *4,382 1,144.534 62,599 14,832 13,597
Rent paid on business property ............................ 91,413 37,765 16,768 36,880 5,155,384 588,172 47,805 31,369
Taxes paid .................................... 11 3:~658 47200 38 5261 27,897 1 702978 85 956
3 120:1647 43,442
:
Interest paid .................................. . 223 25 156:079 37:8 6 29,3 20 1
18:433:474 2,90::19 226 99 71,324
Contributions or gifts .......................................... 1,054 340 *406 296,200 62,039 4,185 1,821
Amortization ....................................................... 8,051 2,668 3,139 2,244 2,257,384 257,350 24,035 9,223
Depreciation ....................................................... 1 ~4,87: 54,056 2 774 58,046 17,654,12908 1,542,496
1 311,281 46,932
Depletion : .................................................. 2.79 85 !2:711 594, 8 a
Advertising ......................................................... 28,226. 8,119 4,347 15,760 10,276,069 2,618,416 37,896 40,323-
Pension, profit-sharing, stock bonus,
and annuity plans............................................. 35,692 7,175 25,509 -3,008. 2,656,889 186,568 22,966 5,355
Employee benefit programs ................................. 91,701 22,665 18,655 50,381 8,616,402 840,581 82,950 51,662
Net loss, noncapital assets.................................. 16,913 6,144 -4,202 *6,566, 671,553 108,822 2,474 *14,108
Other deductions................................................ 555,400 278,946 148,181 128,273 49,064,756 7,855,948 377,183 164,850
Total receipts less total deductions........................ -278,051 -311,522 10,012 23,459 7,588,518 2,232,290 184,961 .-21,390
Constructive taxable income from related
foreign corporations............................................ 881,156 512,224 792
Includable income of controlled
...
foreign corporations ........................................ 285,439 141,422 546
Foreign dividend income resulting
from foreign taxes deemed paid ....................... 595,717 370,802 246
Not income (less deficit) .......................................... -279,573 -311,531 8,526 23,432 8,448,001 2,743,598 185,645 -21,391
Statutory special deduction, total............................. 53,348 *12,277 *3.453 *37,618 3,433,218 482,884 65,996 -14,094
Net operating loss deduction..................... :............. 51:117
10 *!2:219 *2 261 37 3:7 2759,045
2 187,911 62,909 *11,664
Income subject to tax ............................................... 88 7 6921 54:590 :26:5 6 12:95 732 2,674,009 247,684 '46,551
Income tax, total .................................................... 30,855 2,564 18,983 9,308 4,749,685 964,029 90,252 16,165
Regular tax......................................................... 29,613 *2,248 *18,572 -8,794 4,502,829 933,142 85,699 15,912
Recapture of investment credit ............................ 2 2 14 4
Alternative minimum tax ...................................... 771 *258 56 -457 225,208 26,392 4,221 *205
. 28
Environmental tax............................................... 88 *13 *48 19,969 4,264 -3 3 *48
Foreign tax credit .................................................... 350 551 891,943 605,246 480 534
U.S. possessions tax credit ...................................... 109,238 27,952
Orphan drug credit.................................................. 14,263
Nonconventional source fuel credit .......................... 31,532
General business credit........................................... 1132 '132 1143421 419 2,445 -216
Prior year minimum tax credit ................................ 1,703 - 1,366 337 27272 .4
8:821 3,773 161
Total income tax after credits 3 ........................ 27.860_ 2,214 17,226 8,420 3,432,016 317,592 83,654 15,~55
Footnotes at end of table. So. text_
for -Eplamtlon of Term.- and -Description of the Sample and Limitation of the 5a-
ta."

130
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 24-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
(All figures are estimates based on samples-oney amounts are in thousands of dollars)

Major industry--Continued

Manufacturing--Continued

Itern Petroleum Rubber and

Lurnbe, and Furniture and Paperand Printing and Chemical and lincluding miscellaneous Leather and Stone, clay, and
wood products fixtures allied products publishing allied products integrated) and plastics leather products glass products
Coal Products Products

117) 1181 (19) (201 (21) (22) (23) (24) 1251

Number of returns, total .......................................... 542 64 145 490 606 20 330

Total assets............................................................ 1.229,559 1.449.602 10.971.753 30.840.257 115.259.859 124,054.435 20,732,328 21.892.102
195
Cash .................................................................. 51,681 36,625 154,494 907,855 1,918,362 560,357 289,727 453,622
236,012 329,417 1,083,110 5,848,764 17,356,436 12,126,024 4,767,021 2,325,201
Notes and accounts receivable. ...........................
Less: Allowance for bad debts......................... :73 0 33 3:4 1, 4:2.593 540,270 148605 24034 305114
Inv mories . ....................................................... 3;0' 565 341:'5'
78 9 78 : 7 5 20:.1:9 12 5338,1663 3.16659 4 217 49255
: 2,109 7 5
- - 1 9 6 4 67 1 349
Inv:stments, in Government obligations ................
-
Tax-exempt securities ......................................... -1 . 7 257,928 2:403
Other current assets ........................................... 41,243 24,513 377,083 3,293,694 6,362,274 13,285,490 389,115 641 354
Loans to stockholders......................................... -123,537 '50,128 319,393 116,264 -31,843 3,425
1
Mortgage and real estate loans... ......................... '7.585- -2,013 18,147 289 413

Other investments ............................................... -21,662 *390,955 2,182,038 5,845,803 20,609,166 53,106,777 4,273,444- 4,142,103
Depreciable assets .............................................. 719,672 497,021 7,445,334 7,041,899 58,656,009 55,384,681 11,185,669 11,959,125
Less: Accumulated depreciation ....................... 375,423 224,171 2,813,720 3,133,274 23,508,744 27,102,305 4,859,824 5,057,397
Depletable assets................................................ *8,607 517 3239 724648 8,826,037
2 .5 2: 950:31:5
-- 1? 1
Less: Accumulated depletion........................... 14913 '1 2' 1:123 648:523 5, 84,825 91 9

Land 79,907- -13,800 152,878 446,890 2,048,717 1,661,977 160,633 921,411

Intangible
-*** assets
** *****'*
(amortizable)
....* '..................................
............................. 21,356 -42,583 456,973 9,284,394 12,862,361 6,477,955 717,569 3,441,264
Less: Accumulated amortization.. ..................... *2,263 -22,779 57,980 2,089,191 2,414,327 2,906,382 166,100 811,976
52,689 18,963 554,070 2,423,624 8,656,442 4,251,057 1,312,995 1,036,289
Other assets.......................................................
Total Babillitiors ......................................................... 1.229,559 1,449.802 10,971.753 30,840,257 115,259.859 124.054,435 20.732.328 21,892.102

Account p yable ............................................... 172,031 204,976 756,190 3,633,972 8,919,460 8,736,299 1,980,472 1,435,337
Mortgag:s,anotes, and bonds payable in less
173,848 346,264 327,299 5,241,682 9,230,281 14,320,978 3,057,453 1,511,250
'he n one year .................................................
Other current liabilities ........................................ 71,312 94,430 615,938 2,822,884 12,300,256 4,536,332 1,604,939 1,438,561
Loans from stockholders ..................................... -7,043 -43,478 353,189 860,827 4,890,330 1,026,349 308,960 736,627
Mortgage , notes, and bonds payable in one
year or"flnore................................................... 350,073 193,971 5,968,768 8,539,373 25,376,774 19,397,743 5,649,287 7,327,292
...
Other liabilities.................................................... 123,911 -155,984 2,467,418 2,764,393 10,636,453 13,938,817 2,855,791 1,623,485
...
Net worth. .......................................................... 331,342 410,699 482,952 6,977,127 43,906,305 62,097,917 5,275,426 7,819,550
...
Capital :tock ................................................... 270,404 209,370 1,371,919 4,122,864 6,124,012 1,075,978 1,448,007 1,255,042
...
Paid-in r capital surplus .................................. 53,828 *681,871 3,469,010 9,957,260 33,704,300 42,329,471 6,044,263 8,470,338
140,229 - 14,562
Ret:in:d ::rrnin::: uppr.priated .......................
Ret in d nin nappropriated ................... 7,110- -479,068- -4,356,561 -7,089,769- 4,077,438 18,812,468 - 2, 16,708 -1,913,704
Less: Cost of treasury stock ............................ * 1.473 *1,417 -13,228 139,674 120,000 136 -6,687
2.677.603 3.296.277 10.851.521 17,704.561 95,577,005 72,622,154 17.428.298 16,571.700
Totol:*C.IP 3..........................................................
...
Bu ineas receipts ................................................ 2,655,054 3,227,665 10,527,046 16,136,113 90,951,431 68,758,077 16,668,055 15,754,048
...
:n area,.............................................................. 10,107 5,384 94,917 403,988 1,164,577 1,313,005 372,121 197,436
nteres' on Government obligations:
State
. and local ................................................ 38 10,405 20 11,13,13 3 -43 560
9
Rents -1,715 -2,239
1 585 135.;53 7,0705 20,3969 2 "495 14.1
- 8
... 22,783
Royalties
- ****-***-
............................................................
****"** *** .............* *-* -154 7,667 9,443 256,286 622,147 165,421 151,858
Not short-term capital gain reduced by
635
net long-term capital loss ................................. 787 12,566 1,276 *559
Net long-term capital gain reduced by
... 299,361
net short-term capital loss ............................... -1,070 *939 93,629 335,981 303,747 297,626 65,144
Net gain, noncapital assets.................................. *799 *319 16,304 56,053 124,900 201,115 10.133 83099
Divid:nd: rr:c:iv:d domestic corporations *110 1 3,614 8,111 52,993 113,416 783 1:608
c iv d from 2,918 38,767 4,740 10,100 245,197 30,138 *27,273 ... 8,780
Divid n from foreign corporations
...
Other receipts..................................................... 5,675 13,159 90,837 361,970 1,929,242 1,501,643 109,834 189,197
Total deductions ............................. ....................... 2.625.011 3,210.232 10,932.154 17,259,454 92,380.141 71,183.683 17,813,544 16.494.216

Cost of sales and operations................................ 2,200,559 2,753,043 7,988,300 7,036,663 52,016,303 51,832,523 11,953,799 11,214,886
Compensation of officers............................ ........ 31,892 21,752 42,365 218,968 438,485 51,299 80,737 83,998
Salaries and wages ............................................. 79,184 80,937 403,550 2,364,641 8,753,036 1,479,265 1,035,043 931,807
Repairs ............................................................... 7,649 4668 212
1 779 104,348 699,991 1,009,607 36,056 203,731
Bad debts........................................................... 13,546 7:771 5:840 155,786 176,890 58,466 67,225 46,382

Rent paid on business property ............................ 7,173 3:,794 1118,314 317,050 032,242 928,098 209,309 135,566
To-as paid .......................................................... 36,177 3 .691 99,106 451,483 1 -
1,525,221 3,435,043 332,004 338.444
Interest paid ....................................................... 33,884 43,621 569,669 1,337,162 2,985,668 3,122,985 717,228 74 :43
Contributions or gifts.......................................... *202 '736 2,172 11,507 90,643 69,155 2,394 4 44
9:
Amortization ....................................................... 7,541 -3,320 33,142 404,690 470,342 208,259 59,822 60272
Depreciation....................................................... 46,777 37,029 530,013 592,933 4,427,467 2,159,122 724,331 753:798
- 8,743 1,328 79,797 361,902 172
D pletion ............................................................
Advertising.........................................................
e 11,188 18,152 34,107 481,008 3,518,406 237,109 252,004 :92:0017
11
Pension, profit-sharing, stock bonus,
and annuity plans ............................................. -2,987 1,091 39,698 82,706 531,629 215,614 288,746 126,332
Employee benefit programs................................. 21,876 20,636 276,118 443,905 2,216,088 175,597 470,034 3405567
Net loss, noncapital assets .................................. -697 5,642 117,559 78,362 13,383 25,898 24:14
Other deductions ................................................ 123,679 138,088 452,597 3,137,716 13,339,570 5,826,256 1,558,745 1.32 80
Total receipts less total deductions .......................... 52,592 86,045 -80,633 445.107 3,196,864 1,438,471 -385,246 77
8:4
890
Constructive taxable income from related
foreign corporations ............................................ 25,139 1,096 168,491 10,213 11,536 107
Includable income of controlled
foreign corporations ........................................ 2,580 388 61,145 9,639 11,536
Foreign dividend income resulting
fro m foreign taxes deemed paid ....................... 22,559 708 107,346 574 107
Net income (less deficit) . ........................................ 52,592 111,047 -81,039 446,184 3,352,220 1,448,645 -373,753 77,036
Statutory special deduction, total ............................. -17,607 *30,001 57,460 234,696 437.373 267,468 86,444 178,179
Net operating loss deduction ................................... 14,61 1 -28,601 -50,699 228,936 330,441 154,943 81,549 174,809
Income subject to tax .............................................. 56,721 1 21,754 206,035 443,925 3,976,225 1,271,829 262,400 189,522
Income tax, total I ................................................... 19,757 42 658 160,585 1,452,225 456,834 95,046 85,882
Regular tax......................................................... 19,146 42 :93 2'2' 71 406
'0: 154,682 1,386,625 445,012 89,300 65,242
Recapture of investment credit ............................ I
Alternative minimum tax ...................................... *559 *487 81916 5,048 59,524 10,155 5,371- 19,896
Environmental tax............................................... -146 335 854 5,970 1,653 375 540
Foreign tax credit.................................................... 21,267 1,665 136,733 694 214 43
-
U.S. possessions tax credit ...................................... 74,742 1,339
Orphan drug credit .................................................. 14,263 -
Nonconventional source fuel credit .......................... 31,413
General business credit ........................................... 11 382 -1,269 *2,353 -74,568 21,115 1,757 *11,219
Prior year minimum tax credit.................................. 39 11137 -1,000 12,149 25,345 42,952 3,906 322
Total income tax after credits ......................... 19,707 20,170 78,186 144,418 1,126,574 360,660 89,168 .11:938
Footnotes at end of table. Sea text for "Explanation of Terms" and "Description of the Sample and Limitation of the Data.*

131
 I
Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 24-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry-Continued
IAII figures are estimates based on samptes.-money amounts are in thousands of dollars]

Maim irxlustry~-Ctmtinued

Manufaeturinii--Contimued

Electrical Transportation Miscallanscus

Primary Fabricated Machinery, and Motor vehicles equipment, Instruments and manufacturing
metal industries metal products except electrical electronic and equipment except motm related prod-ts and manufacturing
equipment -hicl.. net .11-bl.

(261 (271 128) (29) (30) (31) (32) 133)

Number of returns, total.......................................... 113 409 695 951 362 117 330 317
Toted assets............................................................ 26,100,888 28.070.609 23.023.955 62.315.607 12.334.803 3,240.013 19.105.60 8.832,314
Cash . ................................................................ 622,072 901,354 1.010,328 2,541,899 691.660 145,820 567.884 341,024
Notes and accounts receivable ............................ 4,763,279 5,734,434 6,224,510 11,726,815 2.038.076 672,083 3,762.575 1,989,648
Less: Allowance for bad debts ......................... 90,351 94,743 188,908 566,693 43,819 19,493 127,588 70,438
.
lnvento~ies ......................................................... 3,383,499 3,238,348 5,242.605 7,636,244 2,327,658 649,691 3,035,167 1,295,844
Investments in Government obligations ................ 1,400 *54 -27,019 -3,557 585
To ax-exempt securities.........................................
Other . - *2,806 128,594 3,437 1.420
current assets ........................................... 1,198,387 1,020,916 1,227.741 2,938,172 314,815 408,778 1,591,172 607,654
Loans to stockholders ......................................... 145,422 -477,001 187,099 35,825 *2,003 3,769 141;813 *61998
Mortgage and real estate loans ............................ 113,875 73,475 335
Other investments ............................................... 2,831,130 4,932,366 1,302,782 7,026,036 541,950 111,770 2,664,529 772,050-
Depreciable assets.............................................. 13,995,995 11,334.481 8,981,914 18,709,919 9,028,318 1.012.402 5,541.602 3.210,473
Less: Accumulated depreciation ....................... 6,097,994 5,160,861 4,358,327 9,306,868 3.493,599 '469,440 2,696,831 1,279.381
Depletable assets................................................ 228,688 316 - 36,972
Less: Accumulated depletion ........................... 227,930 36,250
Land .................................................................. 258,257 321,590 290,959 517,181- 122.001 58,706 194,554 102,264
Intangible assets lamortizable). ............................ 3,269,330 2,972,745 2,413,314 6.747,091 626,940 457,980 3,225.408 1,854,479
Less: Accumulated amortization ....................... 1,17: 035 380 12 540,398 1,428,9" 275,189 103,095 882,762 415,019
Other assets....................................................... 99 :737 2,757:054
, 1,101,248 5,734,722 450,653 309,622 2,187,759 415,996;
Total Habl1itie3 ......................................................... 26,100,880 28,070.609 23.CM.955 52,315.807 12.334.803 3,240.013 19,105,869 8,832.314
Accounts payable ............................................... 4,160,273 3,997,522 4,029,559 7,315.405 2,898,447 567,746 1,734,921 737,894
Mortgages, notes, and bonds payable in less
than one year ................................................. 1,661,060 2,601,096 2,599,491 7,891.367 1,683,398 415,883 1,398,201 835,204
Other current liabilities.. ...................................... 2,405,769 2,245,505 3,418,823 6,186,376 1,255,945 645,742 2,857,378 1,273,586
Loans from stockholders ..................................... 1,762,023 1,114,687 1,062,774 1,246,116 349,927 184,503- 604,351 975,685
Mortgages. notes, and bonds payable in one
- year or more ................................... : ............... 5,917,276 6,599,881 4,532,010 9,139,786 2,192,725 734,928 4,068,031 2,381,217
Other liabilities.................................................... 3,478,884 4,711,361 1,564,935 3,795,343 1,025,896 99,065 2,033,574 535,299
Net worth ........................................................... 6,715,602 7,400,557 5,816,364 16,741,215 2,928,465 692,145 6,409,413 2,093,429
Capital stock ................................................... 1,314,499 11,804,759 3,008,867 3,583,444 2,938,547 393,827 624,738 669,329--
Paid-in or capital surplus ........................ 7,069,648 8,571,532 7,677,536 17,821,429 3,274,903 1,208,587 7,538,012 2,466,379
Retained earnings, appropriated....................... 12,067 16,622 45,969 1,682 4,112 130,829
Retained earnings, unappropriated................... -1,621,668 -2,975,733 -4,910,488 .4,655,894 -3,282,896 -910,139- -1,751,062 .1,055,419
Less: Cost of treasury stock.. .......................... -6,624 -9,446 2,089. 129 6,387 -17,690
Total receipts .......................................................... 24.763.618 26.908,853 27,962.824 60,589.714 24.353,797 3.564.961 17,362.213 8,169,"3
Business receipts................................................ 24,318,033 26,198,456 27,170,248 '58,654,809 24,153,280 3,498,719 16.491,251 7,899,651
Interest .............................................................. 225,983 258,353 312,440 458,801 69,748 37,513 282,850 64,989
Interest on Government obligations;
State and local ................................................ 78 *183 3,811 956 *471 *766 44
Rents................................................................. 24092 2 039 25 3:6
3 7758 .2
1:41.3 832 47,205 5,211
Royalties............................................................ 46:427 493:995 96:4 3r,6:451
1 4 6 4.264 53,533 46.070
Not short-term capital gain reduced by
net long-term capital loss ................................. 1,464 55 *940 -2,123 26,545 4
Nor long-term capital gain reduced by
net short-term capital loss............................... 13,716 31,574 65,687 167,256 -769 -1,150 *54.442 *24,653
Net gain, noncapital assets .................................. 8,789 14,189 28,644 23,877 35,659 -5,545 23,176 15,559
Dividends received from domestic corporations 9,415 10,408 3,723 6,681 959 -182 -9.059 -186
Dividends receivdd from foreign corporations 1,196 24,150 14,670 95,013 31,173 107 99,993 11,349
Other receipts ..................................................... 114,425 298,452 240,831 705,989 52,829 16,647 273,394 101,728~
Total deductions ..................................................... 24,988,932 26,675.439 28,453.777, 60,186,416 24,363.747 3,577,853 16.936,632 8.154,559
Cost of sales and operations................................ 19,955,792 20,204,149 20,298,831 41,302,675 21,158,779 2,945,256 10,517,158 5,135,802
Compensation of officers ..................................... 80,370 179,717 256,519 326,691 60,782 23,916 150,910 79,080
Salaries and wages ............................................. 744,282 1,575,633 2,392,244 5,073,073 504,375 158,865 1.798,268 559,921
Repairs ............................................................... 222,612 146,001 78,605 244,096 49,579 10,720 69,136 23,080
Bad debts........................................................... 38,641 51,925 82,293 225,418 18,406 6,334 36,220 27,682
Rent paid on business property ............................ 151,946 156,470 308,965 644,909 73,990 14,560 173,684 71,523
Taxes paid .......................................:.................. 382,503 421,306 453,024 934,140 209,131 55,723 364,078 155,697
Interest paid ....................................................... 591,051 846,055 761,943 1,309,712 264,369 88,587 640,895 258,837
Contributions or gifts.......................................... 2,912 6,341 6,515 20,682 1.639 *778 4,656 1,589
Amortization....................................................... 58,888 89,097 120,038 175,546 61,885 14,313 93,032 76,146
Depreciation ....................................................... 895,580 701,178 860,035 1,851,004 943,012 76,376 520,793 294,317
Depletion ............................................................ 433 . -2 5 6 8
Advertising ......................................................... 32,226 156,916 211,202 982,360 28,918 8,011 170,203 431,449
Pension, profit-sharing, stock bonus,
and annuity plans ............................................ 292,779 124,411 173,206 317,398 41,491 15,290 99,411 40,433
Employee benefit programs ................................. 573,292 482,454 523,639 1,146,764 219,219 66,778 380,579 148,186
Net [on, noncapital assets .................................. 28,358 20,000 35,626 90,477 23,114 6,509 52.368 18,605
Other deductions................................................ 937,267 1,514,786 1,891,091 5,541,479 705,057 85,837 1,965,237 832,203
Total receipts less total deductions.......................... -225,314 233,414 -490,953 403,298 -9,960 -12,893 425,581 14,884
Constructive taxable income from related
foreign corporations............................................ *21,070 16,840 60,691 11,421 6,540 38,317 3,820
Includable income of controlled
foreign corporations........................................ 13,841 -4,666 21,817 6,756 6.484 4,096 524
Foreign dividend income resulting
fro. foreign taxes deemed paid ....................... *7,229 *2.175 38,774 4,660 56 34,221. 3,296
Net Income (less deficit) .......................................... -225,391 254,301 -487,924 462,933 991 -6,353 .463,133 18,660
Statutory special deduction, total............................. 161,641 315,919 157,367 505,476 182,623 -22,421 116,160 52,637
Net operating loss deduction ................................... 154,186 303,636 145,640 480,940 181,864 22,293 93,263 49,919
Income subject to tax.............................................. 300,250 488,391 461,777 746,116 247,124 *45,922 758,121 276,971
Income tax, total I................................................... 122,081 185,445 172,548 274,380 100,457 16,646 266,436 99.639
Regular tax ......................................................... 104,463 168,306 157,587 258.120 85,123 15,966 263,673 95,190
Recapture of investment credit ............................ 9
Alternative minimum tax...................................... 17,054- 16,214 14,247 14,902 14,821 -591 1,792 4,084
Environmental tax ............................................... 564 880 591 1,317 512 78 953 347
Foreign tax credit .................................................... 4,172 11,080 6,306 41,642 *3,292 576 50,362 5,610
U.S. possessions tax credit...................................... 789 4,417
Orphan drug credit.................................................. -
Nonconventional source fuel credit. ......................... 119
General business credit ........................................... 3,920 *1,227 1,609 9,354 -1,387 9,510 2,661
Prior year minimum tax credit .................................. 1,663 1,437 9,099 -6,319 2,629 -7,371 11,561
Total income tax after credits ......................... 112,207 171,660 163,196 209.869 89,459 13,442 199,194 89,807
Footnotes at arid of table. Sea text for -Explanation of Terms- and -Description of the Sample and Limitation of the Data.~

132
 Corporation Returns/1993
RETURNS OF ACTIVE CORPORATIONS WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 24-13alance Sheet Income Statement, Tax, and Selected Other Items, by Major Industry-Continued
(All figures are estimates based on samples-oney amounts are n thousands of dollars]

Major industry-.Continwd
Transportation and public utilities Wholesale and retail trade
Wholesale trade
Item, Electric,
Total Transportation Comm-ication gas, and Total Groceries Machinery, Miscellaneous
::nit.,y Total and related Quip-t' wholesale
,vice. products and supplies trade

134) 135) (361 (37) (38) (39) (40) 141) 142)

Number of returns, total .......................................... 1 600 15.922

1:387 36 177 17,773 13,961 765 2,703 10,493

Total ass to ............................................................ 28,236:774 577 6.073.238 6.240.959 260.573.676 227,381.705 7,363,815 21.080.760 198,937,130
Cash............................................................ 1,591,321 1,155,818 227,589 207,915 11,544,917 9,702,641 234,646 1,143,151 8,324,843
Notes and accounts receivable ............................ 4,134,499 2,643,567 511,473 979,460 77,079,912 72,741,887 1,442,157 7,649,683 63,650,046
Less: Allowance for bad debts ......................... 147,438 74,504 40,025 32,909 2,438,595 2,249,369 47,899 188,219 2,013,252
Inventories ......................................................... 374,092 126,813 73,714 173,!64 51,748220 43,608570 1,697053 5,064,491 36,847026
2 2

Investments in Government obligations................ *5,955 5,858 97 !28:250

, 274:154
. l.:302 72:85
Tax-exempt securities ......................................... 2,107 2,107 21 075 *21 075 482 -8,722 '11,872
Other current assets ........................................... 1,627,890 1,098,639 58,600 470,651 15,744,509 14,581,617 255,338 1,274,274 13,052,005
Loans to stockholders......................................... 268,172 150,328 109,839 *8,006 632,592 616,246 *86,228 125,983 404,035
Mortgage and real estate loans............................ -46,506 35,431 -11,075 107,857 87,889 *67 83,080
Other investments ............................................... 7,705,371 3,732,541 2,765,243 1,207,588 26,819,910 23,790,309 706,096 2,856,693 20,227,519
Depreciable assets .............................................. 15,096,586 8,948,684 3,177,904 2,969,998 78,780,632 62,470,957 2,790,130 3,604,211 56,076,616
Less: Accumulated depreciation ....................... 5,521,976 3,317,836 1,265,532 938,608 30,213,832 23,582,364 1,240,873 1,589,225 20,752,266
Depletable assets ................................................ 217,023 147,364 200 69,459 448,337 424,994 125.522 -4,818 -394,654
Less: Accumulated depletion........................... 71,256 58,189 200 12,867 120,568 112,041 -4,545 -1,483 -106,013
Land ................................................................. 533,259 357,903 *33,676 141,680 4,265,317 2,664,174 163,063 316,645 2,184,466
Intangible assets (amortizable) ............................. 2,419,788 837,819 436,829 1,145,140 16,107,998 13,736,267 1,010,072 443,488 12,282,706
Accumulated amortization ....................... 600,961 263,447 -75,858 261,656 2,935,093 2,492,355 165,829 145,321 2,181,205
Other
Loss:
assets....................................................... 555,834 395,789 57,678 102,366 12,652,238 11,097,053 410,804 508,105 10,178,144
Total liabilities......................................................... 28,236.774 15,922,577 6,073,238 6,240,959 260,573,676 227.381,705 7.363,815 21.080,760 198.937.130

Accounts payable ................................................ 2,912,871 2,193,945 241,557 477,369 56,576,672 51,782,222 1,285,197 5,780,349 44,716,677
Mortgages, notes, and bonds payable in less
than one year ................................................. -2,537,032 2,237,616 *60,788 238,627 62,905,910 60,170,763 986,400 4,710,423 54,473,940
Other current liabilities........................................ 2,681,255 1,747,333 335,663 598,260 24,574,609 21,167,196 672,687 2,081,124 18,413,385
Loans from stockholders ..................................... 818,597 595,483 *59,135 163,979 6,064,559 4,709,322 229,722 612,170 3,867,431
Mortgages, notes, and bonds payable in one
year or more ................................................... 8,505,126 4,317,421 808,770 3,378,936 46,976,856 37,039,357 1,789,272 3,176,823 32,073,262
Other liabilities.................................................... 2,252,793 1,472,220 494,696 285,876 12,347,598 10,263,680 100,158 1,014,054 9,149,468
Net worth ........................................................... 8,529,099 3,358,559 4,072,628 1,097,911 51,127,471 42,249,164 2,300,378 3,705,818 36,242,968
Capital stock ................................................... 2,595,162 1,530,783 381,737 682,643 30,237,791 27,188,364 429,112 2,645,800 24,113,452
Paid-in or capital surplus .................................. 8,417,922 3,073,524 4,001,713 1,342,686 29,896,539 21,394,975 1,387,842 2,917,124 17,090,009
57,673 57,673 - 50,271 '49,849 5,449 34,440
Retained earnings, appropriated .......................
Retained earnings, unappropriated ................... -2,184,315 '997,502 -310,808 -876,005 -8,964,330 -6,319,222 479,857 -1,855,481 -4,943,599
Less: Cost of treasury stock ............................ 357,344 1305,919 *13 *51,413 92,799 64,802 -11,586 51,334
Total receipts .......................................................... 26.128.547 18.655,017 2.617,696 4,855.834 476.001.749 408,354,503 22,424,070 32.139,423 3S3,791,011
Business receipts ................................................ 23,859,425 17,116,261 2,258,648 4,484,516 463,250,278 397,682,352 22,025,398 31,371,601 344,285,353
Interest .............................................................. 591,272 338,222 67,474 185,576 4,075,127 3,636,306 55,133 428,674 3,152,499
Interest on Government obligations:
State and local................................................ 660 196 -3 16,228 15,917 -7,656 1,034 7,226
Rents ................................................................. 511,546 506,495 *310 *4,741 1,814,712 1,640,273 27,168 23,053 1,590,051
Royalties ............................................................ 23,697 451 '459 *22,788 693,412 545,338 663 6,916 537,758
Net short-term capital gain reduced by
net long-term capital lo ................................... *6,072 127 52,223 51,590 *2,322 49,268
Net long-ter. capital gain reduced by
net short-term capital loss ............................... 271,740 67,770 176,909 -27,060 571,202 320,411 -5,748 12,106 302,557
Net gain, noncapital assets.................................. 60,246 44,151 *659 -15,437 1,357,460 1,313,186 4,168 20,461 1,288,557
Dividends received from domestic corporations 25,093 24,901 *35 157 77,262 48,053 9,033 2,349 36,672
Dividends received from foreign corporations 5,282 -5,211 8 63 214,588 211,810 4,164 *2,366 205,281
Other receipts ..................................................... 773,314 550,768 107,053 115,493 3,879,257 2,889,267 284,939 268,541 2,335,787
Total deductions..................................................... 25,675,508 10,501,729 2,234,302 4.939.478 476,295,075 407,942,942 22,336,499 31.902.251 353.704.192

Cost of sales and operations ................................ 13,185,267 10,047,601 752,517 2,385,148 387,142,548 340,129,433 18,887,044 25,948,359 295,294,030
Compensation of officers ..................................... 197,948 153,917 16,139 27,893 1,898,415 1,618,298 73,001 250,895 1,294,402
Salaries and wages. ............................................ 3,428,036 2,360,326 485,187 582,523 20,082,985 12,903,403 1,017,417 1,532,102 10,353,884
Repairs ................................ .............................. 342,351 203,889 107,073 31,388 1,118,532 691,159 67,877 60,457 562,825
Bad debts ............................... ........................... 116,996 67,548 28,798 20,650 2,305,852 968,560 61,064 128,635 778,860
Rent paid on business property............................ 939,991 800,424 50,262 89,304 4,129,750 2,134,206 214,457 204,852 1,714,897
Taxes paid .......................................................... 599,538 438,379 57,645 103,515 4,405,700 3,250,172 217,244 281,433 2,751,495
Interest paid....................................................... 947,656 487,131 100,706 359,819 7,477,123 6,510,634 212,652 550,714 5.747,268
Contributions or gifts .......................................... 5,166 2,637 321 59,787 48,079 2,889 2,355 42,835
Amortization ....................................................... 111,678 69,391 10,972 31,314 997,799 859,952 44,777 36.205 778,970
Depreciation....................................................... 1,098,836 593,574 278,508 226,754 11,685,652 10,452,938 243,567 499,213 9,710,158
Depletion ............................................................ 11,468 7,684 3,784 48,046 47,128 3,633 1,621 41,873
Advertising ......................................................... 134,704 109,460 17,705 7,539 7,712,996 6,643,954 204,252 215,231 6,224,471
Pension, profit-sharing, stock bonus,
and annuity plans............................................. 87,486 51,423 *31,271 4,792 713,711 561,635 63,017 35,450 463,168
Employee benefit programs ................................. 406,618 285,630 85,273 35,714 2,561,558 1,656,991 165,532 214,185 1,277,275
Net loss, noncapital assets........................... 95,440 17,821 71,715 *5,905 364,463 246,377 11,814 61,152 173,410
Other deductions................................................ 3,966,331 2,804,894 140,209 1,021,228 23,590,156 19,220,023 846,262 1,879,392 16,494,369
Total receipts less total deductions .......................... 453,039 153,287 383,395 -83,644 -293,326 411,561 87,571 237,171 86,819
Constructive taxable income fro. related
foreign corporations. ........................................... *6.343 5,211 78,877 77,735 398 -1,636 75,702
Includable income of controlled
foreign corporations ........................................ 1,764 632 1, 132 60,112 59,381 1,581 57,801
Foreign dividend income resulting
from foreign taxes deemed paid ....................... 4,579 4,579 18,766 18,354 398 17,901
Net income (less deficit) .......................................... 458,522 157,838 384,330 -83,646 -230,677 473,379 80,313 237,773 155,294
Statutory special deduction, total ............................. 188.934 110,265 '42,439 36,230 1,437,282 1,235,377 33,243 221,543 980,592
Net operating loss deduction ................................... 169.081 90,564 -42,411 36,106 1,358.239 1,185,089 22,779 219,000 943,310
Income subject to tax.............................................. 924,480 431,498 *454,056 *38,926 4,433,546 3,709,225 178,101 340,415 3,190,709
Income tax, total I................................................... 335,536 152,941 159,385 23,209 1,773,664 1,512,823 64,040 123,655 1,325,127
Regular tax......................................................... 320,oll 148,021 158,787 -13,203 1,511,788 1,264,196 61,067 111,866 1,091,264
Recapture of investment credit ............................ 1 1 1
Alternative minimum tax ...................................... 14,564 4,385 265 *9,914 254,894 242,583 2,766 11,352 228,465
Environmental tax ............................................... 946 521 6,715 5,777 207 362 5,207
Foreign tax credit .................................................... 6,846 6,176 232 '438 45,453 41,523 -2,549 38,921
U.S. possessions tax credit...................................... 81,294 - 81,294 - 4,354 1,225 - 21 1,204
-
Orphan drug credit..................................................
Nonconventional source fuel credit.......................... 538 538 538
General business credit ........................................... 7,343 *3,383 2,785 -1,175 41,750 23,330 1,136 21,473
Prior year minimum tax credit .................................. -3,615 19,860 8,827 '427 881 7,518
Total income tax after credits I........................ 236,121 139,767 *75,075 21,280 1,661,708 1,437,381 59,390 121,979 1,256,012
Footnotes at and of ta ble. See to xt for " Expfa na tion of Terms" and "Do scription of the Sample and Limito tion of the Data.-

133
 Cbrporitio n RetUrns/1 993
RETURNS OF ACTIVE CORPORATIONS WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 24-Balance Sheet, Income Statement Tax"and Selected Other Items, by Major Industry-Continued
[All figures are estimates based on samples.-rhoney amounts are in thousands of dollars]

Maim industry--Continued

Wholesale and retail V.d-Conti-d

Retail trade
Item Building Aut-od- Furnit.. Wholesale and
material... General deal.,. Apparel and and Eating and Miscellaneous nd .Wil
Tout garden i plies merchandise Food stores and accessory homu drinking wail trade hot
and mobile stores ...vice Stores furnishing places stores allocabl.
home dealers stations stores
(43) 1441 (45) (46) (47) 148) (49) (501 (51) (521

Numbes, of returns, total .......................................... 3.688 365 82 1514 '228

Total assets............................................................. 32,681.411 -1,117.492 *1.618.886 12,552.634 2,261.0 3.0V.782'54 1....3:7
3 3.11117.093
964 6.684557
:
Cash .................................................................. 1,803,624 *36,136 -170,511 477,955 170.8:09 ::~3' ::43 246,198 336,097 *38,653
Notes and accounts receivable : ................... 4,1175,126 * 1 54,070 *345,264 552,224 741,998 ."
.213 2: 2' 440
37 401,505 1,263,700 *162,900
Less: Allowance for bad debts 88,381 *4,644 '10,395 -4,491 11,114 2.483 *35,313 109,096 845
:nv mories ........................................... : ............ 8,091, 852 '394,890 -318,411 2,913,144 823,104 1'C 508,640 190,565 1,936,967 -47,798
:stments in Government obligaticms.~ ............. , 54,096 - .43,734 - 10,362
Tnv
.,her
a,,exempt securities.........................................
Loans current assets ........................... 1 : 1,077,900 -18,015 *33,900 245,879 43,517 132,834 25,471 189,214 389,070 -84,991
to stockholders ......................................... 16,345 - 610 -3,215 .1,1go *697 -10,412 -

Mortgage and real estate loans ............................ -19,968 '?,427 488 17,053 - -
Other investments ............................................... 2,966.436 1 3,442 :443
_,_,:I1:5
1 61:S2,771
2:4B72
97 46,611 294138 '90,667 168,692 637,600 *63,165
Depreciable assets .............................................. 16,211,1 ~8 *437,626 2 370,693 1.451,100 667,277 2,605,831 1,428,775 -98,517
Less: Accumulated depreciation....................... 6,605,942 *164,119 3 619,477 1 ~8,722 639,~65 281,664 1,093,364 604,418 *25,526
Depletable assets ................................................ '10,260 *10.260 - 13,082
Less: Accumulated.depletion ........................... -3,407 '3,407 5,120
Land 1 577418 7-27 6 31,446 1668 110413 52 55 47920 368603
2 170,307 *23,725
Intan'g'ib"l'e as"s'."t's"'i'a mo"n"in
' bl'."i....................... *"**' 2370962
: : 11 1550
: 7,632 72:'741
'9 . ~70:3 79 ;61:211
9 496 692 4 0800
: 1,125,993 '769
Less: Accumulated amortization ....................... 442,418_ 53,393 5,677 37,208 ~I 5,913 80,116 16,630 80,966 152,516 '320
Other assets ....................................................... 1 , 546,415 '42,426 '71,543 895,847 43,606 -112,890 *-271,926 410,725 241,305 -8,771
Total liabilities......................................................... 32.681.411 *1.117.492 -1,618.886 12,552.634 2.261.080 3,082,782 1.546.887 3,017,093 6,684.557 *510.560
Acco unts payable .................................... :.......... 4,726,203 161',497 130,030 1,743,165 815,999 340 763 157,481 311,908 1,065,360 *68,246
!
Mortgages, notes, and bonds payabIe in less
than one year................................................. 2,408,223 1 14,616- 34,410 326,913 544;204 423,661 -134,315 215,779 614,324 '326,924
Other current liabilities ........................................ 3,392,266 -81,122 -165,406 1,164,883 1 244,320 322,349 246,046 526,991 641,148 -15,147
Loans from stockholders..................................... 1,355,237 22,278 '30,583 -128,384 '66,853 - 623,558 483,581
Mortgages, notes, and bonds payable in one
year or more ................................................... 9,902,175 '589,857 '531,157 4,639,206 247,525 840,045 -223,241 1,463,584 1,467,558 '35,325
1 13i,531
Other liabilities .................................... : ............... 2,057,487 2~,48~ 138,338 682,408 96,668 '242,894 320,014 418,153 *26.430
Net worth ........................................................... 8,839,820 '122,639 *588,962 3,967.675 312,363 955,580 542,909 355,259 1,994,433 -38,487
Capital stock ................................................... 3,014,548 -73,018 *318,338 595,731 95,847 406,591 79,738 407,523 1,037,761 *34,879
Paid-in of capital surplus ................................ :. 8,491,584 -274,683 -295,01 ii 2,322.177 22.2,184 1,266,989 *578,389 940,745 2,592,401 *9,980
422 - -
R It:in:d ::rrnni" :, up ropri ted ....................... 422
R: in d in: , npapproapriated.. ................. -2,638,736, '-224,692 *-24,390 1,064,523 -5.5P9 -709,882- -115,217 -990,971 .1,632,507 - -6,372
Less: Cost of treasury stock ............................ 27,997- 371 '.14,756 *69 -7,118 *2,040 *31,644 -

Total receipts ..................... :..................... ......... 66,440,347 -2.071.615 -1.867,499 35,569.273 3,713,358 5.369.334 2.327,607 6.396,986 9.124.675 -1.206.899
Business receipts................................................ 64,370,450 -2,052,528 -1,531,064 34,859,211 3,578,204 5~240,080 2,269,214 6,109,522 8,730,628 *11.197,476
:n,t:,r::tt ....................... 433,936 -3,864 *59,852 110,743 21,687 18,121 43,211 27,471 148,987 4,885
n on Government obligations: ..........
State and local ........................ :....................... 311 - 87 -197 27
R nts ................................................................. 174,236
- -2,665 21,019 65,177 *11 570 28,7211 534 29,390 15,159 203'
148,074 - '
Royalties ............................................................ 329 3,377 .855 3,26 01 -120,115 20,136
Net short-term capital gain reduced by
net long-term capital loss ................................. -633 639 146 24 --175
Net long-term capital gain reduced by
net short-term capital loss ............................... 250,791 *335 215,546 1,192 -1,983 1,332 *1.576 1 2,948 15,880
44,274 *344 - 7,737 146 -
Net gain, noncapital assets ...................: .............. -24,366 -170 *5,348 -6,164
Dividends received from domestic corporations 29,133 991 27,041 87 38 *976 76,
Dividends received from foreign corporations -2,778 579 1,127 376 *705
Other receipts ..................................................... 985,730 11,879 *37,489 74,693 77,587- 12,877 91,581 186,188
Total deductions..................................................... 67,13S.017 -2.090.253 -2.673,819 35,260.620 3,660,108 5,314.936 2.448.930 6,315.518 9,371,132 -1,217.117
Cost of sales and operations ............ ................... 45,859,828 *1,458,046 -972,404 26,692,216 3,165,870 3,137,670 1,626,283 3,137,640 5,669,699 1,1153,288
.
Compensation of officers ........................... ; 278,635 -9,643 -8,675 46,047 12,539 46,758 16,844 53,770 84,360 1,483
.
S let as and wages ............................................. 7,172,612 *!51.079 -232,953 3,551,621 166,267 658,152 183,617 1,181,246 947,675 -6,971
Zpairs; . .................................................... 1 427,172 14,084 -16,136 225,887 6,734 34,104 11,301 87,054 31,873 *202
Bad debts........................................................... 1,335,875 *25,335 1,038,874 44,688 3,945 27,523 *36,785 31,3i5 127,391 1,417
Rent paid an business property............................ 1,994,407 *68,550 735,630 32,965 314,062 71,210 287,506 433,297 -1,136
Taxes paid ..........................:............................... 1,153,324 *47,643 487,101 29,667 133,314 40,010 215,131 162,764 *2,203
Interest paid .................................:..................... P52,612. -31,518 362,677 50,743 75,279 *55,172 144,153 197,084 *14,477
Contributions or gifts ............................. :............ .11,708 177 4,827 *341 -2,864 *1,838 1,253
137,753 .94-
Amortization.. ..................................................... 4,93~ 20,787 5,403 17,790 5;395 41,199 31.858
D preciation....................................................... 1,220,047 *31.870 *38,980 .618,868 34,969 116,762 44,633 160,425 173,542 112,667
- 1* -3
D:pletion ........................................ : ................... 7 . 914
Advertising ......................................................... 1,069,031 -33,934 -38,248 346,015 37,378 140,533 104,588 175,334 193,000 11
Pension, profit-sharing, stock bonus,
and annuity plans ............................................. 151,950 *2,269 *453 .98,610 4,773 17,467 -14,171 -6,441 7,767 125
Employee benefit programs ................................. 903;l 8~ *28,916, -23,466 529,788 22,470 62,193 *31,828 120,637 83,884 -1,384
Net loss, noncapital asiets .........................; 117,707 3,113 3,676 . 10,896 * 1,961 27,803- -3,984 23,886 42,393 379
Other deductions ...................... ......................... 4,349,768.
. *96,901 -147,142 1,484,963 84,065 502,360 203,109 647,919 1,183,291 *20,365
Total receipts less total deductions .......................... -694,670. *-l 8,639. *-806.320 308,653 53,249 54,698 -121,323 81,469 -246,457 --10,218
Constructive taxable income from related
foreign corporations. ........................................... 1,142 884 150 108
Includable income of controlled
foreign corporations ........................................ 730 730
Foreign dividend income resulting
from foreign taxes deemed paid .......... ............ ~41 153 150 108
Net income (less deficit) ............................. ............ .693,839, ..18;639 *-806,320 308,566 53,249 55,582 -121,323 81,422 -246,376 --10,218
Statutory special deduction, total............................. 201,852 -11,658 694 38,517 -37,834 -15,197 *476 51,827 45,650 53
Not operating loss deduction ................:.................. 173,150 *11,658 875 :37:134
, .;J15,136 :476 51,800 1144370
Income subject to tax.......................... : ................... 724,320 . 6,980 12,771 17,1499
11 30 32 3,460 746 ;27,506 5:226
................................... 260,841 2,996. -4,369 118,219 1 ~1,041 39,100 150 45,532 39,434
Regular tax ......................................................... 247,592 *2,252 -4,274 110,404 -10,076 ..38,q35 43,622 37,980
Recapture of investment credit .............. .............
Alternative minimum tax.................. 12,311 ~730 .75 *7.323 *920 *150 1 -1,751- *1,361-
:- . 938
Environmental tax. ........................... ................... 14 19 492 *44 -115 -160 94
Foreign tax credit.................. 3,930 206 1,370 245 1,795
U.S. possessions tax credit S, 28 3,128 -

Orphan drug credit ..................................................

................... -
Nonconvantional source fuel credit..........................
General business credit ........................................... 18 j2l .4,466 13,057 *898
Prior year minimum tax credit .................................. 11,034 377 8,722 204 47 270 -1,414
Total income tax after credits ' ........................ 224,328
*2,996 -3,786 100,533 10,837 38,806 *150 30,410 .36,808
Footnotes at and of table. See text for "Explanation of Terms" and ".Description of the Sample and Limitation, of the Data.o

134
 Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 24-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry-Continued
[All figures are estimates based on samples-my amounts are in thOusandS Of dollars)

Major induatry--Continued

Finance, insurance, and real estate

Holding
ham Credit Security, Insurance and the,
Total Banking agencies commodity Insurance agents, Real investment
other than brokers brokers, and estate comparmas,
and
banks services -vice ....of bank
holding companies
153~ (54) (55) (56) (57f (58) (59) (60)

Number of returns, total......................................... 16.967 249 432 295 .155 at 12.749 3.020

999.712.403 203,455,428 119.832.345 298.464.575 212,980,628 8.154.541 80.503.065 76,321,821

Total assets ...........................................................
41,179,631 24,771,589 5,078,247 3,283,419 1,290,285 1,006,440 3,765,424 1,984,228
Cash ..................................................................
54,539,140 24,716,058 7,287,030 2,143,104 4,570,649 9,730,679
Notes and accounts receivable ............................ 199,200,016 96,213,357
5,230,940 2,722,386 2,161,818 72,299 80,751 '117,184 79,042 97,460
Less: Allowance for bad debts........................
1,775,662 8,640 24,155 '162,555 399 575 1,487,171 92,166
Inv ntories ........................................................
62,683,597 26,679,085 1,687,877 10,625,243 21,664,866 40,592 57,380 1,928,555
Inv:stments in Government obligations ................
16,641,054 1,915,082 312,169 50,908 13,956,571 369,727 25,056 *11,539
Tax-exempt securities.........................................
251,775,230 1314 8094 13392377 182,752 151 18,291,450 453,843
4 4,575.354 19,160,245
Other current assets ...........................................
15,160,364 1:46::02 6:923:464 -415:2 54 630 58 362,558 5,989,974
Loans to stockholders .........................................
43,654,661 7,754,665 19,247,354 -8,414 10,509,096 - 4,524,720 1,610,412
Mortgage and real estate loans...........................
272,107,550 15,846,632 14,936,124 66,089,652 125,665,176 -3,320,574 19,992.357 26,257.035
Other investments ..............................................
46,501,930 4,373,023 2,577,936 1,198,697 1,560,039 618,642 31.014,897 5,158,696
Depreciable assets..............................................
10,677,897 2,233,275 617,274 510,784 242721 337,338 5.7:4.352 942 151
Less: Accumulated depreciation ......................
484,105 - - - 105:510 1 5.807 222:789
Depletable a sets ...............................................
180,434 86,252 158,137 -36,045
Less: Accumulated depletion ...........................
13,503,643 316,214 277,531- 49,670 158,621 -7,470 11.531,220 1,162,918
Land ..................................................................
4,420,183 737,897 1,180,212 961,435 199,026 *389,565 731,339 220,710
Intangible assets (amortizable).............................
Less: Accumulated amortization ...................... 1,791,251 257,600 662,422 379,039 56,339 -121,933 252,899 61,019
48,505,299 15,434,674 3,097,273 9,113,242 12,757,991 280,005 3,893,565 3,928,549
Other assets ......................................................
999.712.403 203.455,428 119,832.345 298,464,575 212.980,028 8.154,541 80,503,065 76.321.821
Total UbUM93 ........................................................
33,037,438 3,922,236 3,445,012 16,496,587 1,090,924 2,404,881 2,258,044 3,419,754
Accounts payable ...............................................
Mortgages, notes, and bonds payable in less
91,511,101 8,860,657 37,236,270 21,102,645 2,651,791 59,545 8,215,902 13,384,290
than one year.................................................
494,985,249 149,455,927 36,482,090 239,684,981 47,344,553 686,322 4,813,298 16,518,078
Other current liabilities....... .................................
22,131,408 1,022,272 1,741,321 1,245,857 '986,387 *8,538 12,259,195 4,867,838
Loans from stockholders.....................................
Mortgages, notes, and bonds payable in one
92,833,144 9,878,485 29,778,220 5,680,364 5,263,357 396,804 26,838,971 14,996,944
year or more ..................................................
138,159,991 11,687,757 2,398,943 6,431,613 108,764,692 309,547 5,493,056 3,074,383
Other liabilities ...................................................
127,054.072 18.628,094 8,750,489 7,822,527 46,878,924 4,288,904 20,624,599 20,060,534
Net worth ..........................................................
38,071,168 4,801,992 2,159,269 2,216,310 2,507,616 309,444 18,708,439 7,368,097
Capital stock..................................................
102,763,054 12,672,156 7,887,074 5,320,331 31,188,338 914,044 24,239,832 20,541,279
Paid-in or capital surplus. ................................
Retained earnings. appropriated ...................... 2,638,215 27,794 67,931 513 2,533,836 *5,121 -3,019
-15,072,034 1,126,937 -1,361,692 343,244 10,889,843 -3,06542 -21,945,079 -7,190,708
Retained earnings, unappropriated ...................
1,346,331 786 2,092 -57,871 240,708 6 383,714 661,153
Less: Cost of treasury stock ............................
Total receipts ......................................................... 134.126.328 16,127,339 10,373.461 20,919,529 68.137.336 3,073,638 10,741.656 4.753.367
73,566,679 2,696,205 1,176,654 6,109,404 53,153,402 2,908,276 6,169,256 1,353,481
Business receipts.. ..............................................
:n erest .............................................................. 44,137,562 11,366,026 7,229,502 12,252,469 9,729,943 90,177 1,514,397 1,955,049
nterest on Government obligations:
541,120 134,644 8,052 44,489 317,858 -26,440 *3,316 -6,321
State and local...............................................
Rents................................................................. 3,779,610 472,955 1,036,223 67,354 175,661 172 1,612,600 414,646
Royalties............................................................ 46,822 -4,773 -237 110 340 1,663 '39,699
Net shor-t-term capital gain reduced by
net long-term capital loss................................ 798,132 -2,753 29,450 242,622 473,089 -579 81515 41,124
Net long-term capital gain reduced by
net short-term capital loss ............................... __ 3,127,228 42,820 67,543 229,248 1,678,787 -8,112 777,470 323,248
Net gain, noncapital assets.......................... 532.296 245,446 223,611 -22,057 7,423 *720 31,619 1,419
307,598 -11,607 6,186 72,631
Dividends received from domestic corporations 455,360 19,827 8,180 29,331
181,114 616 6,926 16,465 18,669 3,119 15,652 129,666
Dividends received from foreign corporations
Other receipts .................................................... 6,960,405 1,141,273 587,084 1,905,980 2,274,567 *24,436 610,981 416,084
131.008.143 15.437,991 10,407.450 19.841.563 64,619.655 2,499.031 13.519,351 4,683.103
Total deductions....................................................
Cost of sales and operations............................... 29,260,530 22,714 244,469 -1,522,481 23,812,929 -45,311 3,034,143 578,484
1,882,790 530,82i 138,687 623,126 202,471 -118,818 194,171 74,696
Compensation Of officers ....................................
12,389,424 2,093,402 717,332 2,528,970 5,097,611 991,610 707,610 252,890
Salaries and wages.............................................
Repairs.............................................................. 549,599 186,578 38,695 34,547 16,162 8,356 228,699 36,563
2,976,025 1,619,206. 788,915 31,376 145,313 9,297 256,613 125,303
Bad debts ..........................................................
1,780,150 470,289 196,133 264,026 512,246 138,934 146,882 51,640
Rent paid on business property ...........................
2,824,777. 366,725 188,489 270,004 1,107,711 130,564 623,288 137,995
Taxes paid .........................................................
28,316,829 5,404,910 5,496,855 11,242,022 1,164,314 64,095 3,183,732 1,760,901
Interest paid .......................................................
40,871 12,368 2,613 8,503 9,447 *4.585 2,032 1,323
Contributions or gifts ..........................................
987,832 75,200 414,662 69,030 219,375 28,686 127,399 53,480
Amortization......................................................
Depreciation ....................................................... 3,436,731 896,613 866,263 181,714 230,898 54,477 1,050,550 156,215
22,941 5,362 -6 72 3 -1,578 15,920
Depletion...........................................................
369,397 116.515 37,942 16,555 73,075 -28,1 8 85,667 11,525
Advertising ........................................................
Pension, profit-sharing, stock bonus,
506,488 151,667 29,365 75,934 156,057 76,250 14,789 2,426
and annuity plans............................................
Employee benefit programs ................................. 1,017,851 324,144 55,513 103,491 333,623 101,162 74,899 25,017
Net loss, noncapital assets.................................. 1,117,893 263,380 39,633 18,467 34,759 1623 618,925 142,106
Other deductions ................................................ 43,528,015 2,898,096 1,151,879 2,851,245 31,503,656 698,143 3,168,374 1,256,618

Total receipts less total deductions.......................... 3,118,185 689,349 -33,988 1,077,966 3,517,681 574,607 -2,777,695 70,265
Constructive taxable income from related
-449 155,996
foreign corporations ........................................... 227,859 351 *6,288 59,791 4,508
Includable income of controlled
foreign corporations....................................... 126,178 98 -5,301 -49,416 4,094 '449 -477 66,343
Foreign dividend income resulting
from foreign taxes deemed paid ...................... 101,681 253 988 10,374 414 89,652
2,804,925 555,055 -35,751 1,093,267 3,204,332 548,616 -2,780,534 219,940
Net income (less deficit) ..........................................
Statutory special deduction, total............................ 1,881,852 260,231 141.250 187,924 588,100 -26,724 328,048 349,575
Net operating loss deduction................................... 1,544,102 249,167 129,434 167,192 426,338 320,377 233,012
Income subject to tax............................................. 7,075,117 799,983 440,878 1,146.878 2,984,836 1531,767 280,006 890,769
Income tax, total I.................................................. 2,540,736 296,220 164,527 404,114 1,070,696 186,772 100,412 317,994

Regular tax ........................................................ 2,450,302 278,311 153,199 399,241 1,042,565 *185,886 86,445 304,655
Recapture of investment credit............................ 25 25
Alternative minimum tax..................................... 82,405 19,586- 10,574 3,415- 23,758- -192- -12,895 11,983
10,120 1,374 753 1,466 4,372 693 272 1,188
Environmental tax...............................................
Foreign tax credit................................................... 153,435 5,915 1,868 38,848 8,086 18 -364 98.335
6,723 6,655 - 68 -
U.S. possessions tax credit .....................................
Orphan drug credit .................................................
Nonconventional source fuel credit.......................... 6,618 6,618
General business credit.. ......................................... 5,658 2,456 1,320 -1,112 301 43 -282 145
Prior year minimum tax credit .................................. 63,412 12,483 12,693 2,757 28,824 134 756 -5,764

Total income tax after credits .................. LLLLLL; 2,304,890 262,094 148,645 361,397 1,033,485 186,577 98,942 213,750
Footnotes at and of table. See text for *Explanation of Toms" and 'Description of the Sampla and Limitation of the Data.

136
 ,Corporation Returns/1 993
RETURNS OF ACTIVE CORPORATIONS WITH.50 PERCENT OR MORE FOREIGN OWNERSHIP,
Table 24-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry-Continued
(All figures are estimates based on samplas.-money antatunts are in thousands of dollar.)

Major industry--Condrued

Services

Hotels Auto repair; A-umutnt Nature of

Total and Other personal Business miscellaneous and Other business
lodging services off-Cle repair recreation services not allocable
places e,i..$ services

(61)7.619 (62) (63) (64) . (65) (66) (671 . (68)

Number of returns, total.......................................... 352 445 2 .726 143 767 3 168 -393
Total asset ............................................................ 142,622.045 23.020.656 1.219,447 39.307 004 2,201.029 68.789,011 6.284.896 -75.310
Cash 3,779,342 512,138 . 27,311 1,610,843 187,082 843,566 598,401 -4,915
Notes...........................
and accounts receivable '*..................
............................
***** ............. ** 21,749,694 736,343 '132,712 8,879,961 694,183 9,532,184 1,774,31.1
Least Allo.ance for bad debts ......................... 799,435 72,702 '9.387 268,929 5,585 312,264 130,568
Inventories ......................................................... 5.625,001 86,913 *41,964 788,803 181,063 4,326,284 199,974
*306,331 - - -303,902 2,428
Invoirtments; in Government obligations ................
-
Tax-eiempt securities.........................................
Other current assets ............................. ............. 7,459.236 1,784,999 -43,458 2,154.636 187;362 2,481.471 807.311
Loans to stockholders ......................................... 208,370 *10,429 53,902 -326 83,0:95 *60 613
Mortgage and real estate loans............................ 3:4:613 :31: .04*7,435 -294,8 26~155
Other investments ............................................... 62,5 0 231 7,;620
6 18 *37,253 14 1,148 267,788 39,362,993 1,131,252
Depreciable assets.............................................. 27,084,853 504.427 8,522,883 '627,734 5,070,135 2,822,215 *67,955
Less: Accumulated depreciation ....................... 8,551,026 1,927,686 136,836 3,255,666 211,055 1,854,750 -1,1.65,033
- -
Deplorable seats ................................................
Less: Accumulated depletion ...........................
Land .................................................................. 3,279,619 1,838,649 -121,972 249,364 162,973 721,095 185,566 -2,281
Intangible assets (amortizable) ............................. 12,176,425 473,095 -330,599 3,920,346 89,786 5,960,619 1,401,980
Less: Accumulated amortization ....................... 3,519,422 137,790 -47,821 1,279,140 44,925 1,817,681 192,064
Other assets ....................................................... 11,067,604 2,392,266 1173,795 3,577,515 64,297 4,094,946 764,785
Total liablifities......................................................... 142.822,045 23.020.656 1,219,"7 39,307,004 2,201.029 68.789.011 8.284,896 '75.310
Accounts payable ............................................... 13,358,242 597,133, 160,993 4,680,255 281,224 6,940,205 798,431
Mortgages, notes and bonds payable in less
than ... .or .................................................
' 8,553,315 2,254,394 962 3,842,596 278,681 1,485,706 690,976 *41,662
Other current liabilities ........................................ 11,061,528 1,370,840 -197,923 4,378,095 313,213 3,783,723 1,017,734 *374
Loans from stockholders ..................................... 3,968,935 1,497,386 -1 99.429 913,713 -32,191 757,974 568,242 *7,219
Mortgages, notes, and bonds payable in one
year or more : ................................ 44,85 74 9J:FI,70:044 *!63,6311
5 8,715
6 1:2:7 527719 24,3311 738 751 446
of
her liabilities ............................................ 9 459::58
2 87044 31, 8 2.7 7 8 265008 3,54 787 1:265 380 *113
Not worth ........................................................... 1 ,
51: 7,593
'.20 6,5 3:111 314:3928
1 14015,290 502,993 27,947,879 2,192,688 *25,808
Capital stock ................................................... 6 312
" 4,503336 1 5 12 3:235,683 349,080 7,217,264 891,945 *29,461
Paid-in or capital surplus .................................. 53,951,151 7,562,916 -215,837 14,835,326 959,370 27,481,692 2,896,010 -253
'45,381 -234 -
Retained earnings, appropriated ....................... *658 -44,449 40
Retained earnings, unappropriated... ................ -18,432,498 -5,519,106 35,104 -4,028,990 -805,386 -6,533,826 -1,580,295 *-3,878
Less: Cost of treasury stock ............................ 309,061 -3,331 - 1,98~ 71,178 72 -217,292 * 15,206 *28
Total receipts.......................................................... 61 241,222 4,847.719 711.674 24,281,685 1,635,606 21,189.660 8.574.678
Business receipts ................................................ 53,917,012
' 3,681,930 651,731, 22,554,245 1,549,550 17,726,096 7,753,460
ntt:rr:st .............................................................. 2,785,322 381,343 -31,774 801,553 35,429 1,450,391 84,833
n at on Government obligations:
State and local ................................................ 2 -1,43: 57: 130
Rents .................................................... 211:524 43,37 *3,673 61,96 *5.338 135,363 21,803
Royalties.................................................:-7............ 1,147,498 250,953 15,378 107,719 -8,521 738,534 -26,394
Not short-term capital gain reduced by
Netnet long-term capital loss ................................. 21,529 -2,144 -272, 16,178 *2.597 -338
long-term capital gain reduced by
not short-term capital loss............................... 222,056, 30,494 291 37,710 -1,593 115,620 36,348
Net gain, noncapital assets.................................. 55,441 3,549 *413 33,538~ -3,821 11,924 2,195
Divid:nds rr:ceived from domestic corporations 21,576 *650 2 1,323 17 *1,709 '17,875
Divid nds calved from foreign corporations 532,778 73,514 18,681 -431,070 .-9,513
Other receipts..................................................... 2,264,337 378,325 *8,338 648,192 31,337 576,355 621,790

Total deductions ..................................................... 62.264,363 5.499.46.7 699.019 24.447,087 1.608.903 21,328,126 8.681.761
Cost of sales and operations ................................ 26,658,896 895,489 122,579 11,747,446 835,493 10,091,258 2,966,632
Compensation of officers ..................................... 910,706 29,791 ~ 1 5,343 463,096 26,505 119,877 256,094
Salaries and wages............................................. 7.920,101 745,441 194,907 3,430,203 178,465 1,484,380 1,886,705
Repairs ............................................................... 365,745 77,659 11,534 91,222 18,111 100,239 66,978
Bad debts ........................................................... 722,320 123,5&8 -4,002 131,004 2,765 237,871 223,120
Rent paid on business property............................ 2,174;105 222,686 23,853 1,094,879 112,301 442,957 277,430
Taxes paid .......................................................... 1 604,317 261,663 26,655 651,574 36,570 381,971 245,884 -160
Interest paid ....................................................... 4:649,981 752,863 69,475 1,205,634 79,095 2,326,900 216,015
Contributions or gifts.......................................... 21,070 504 94 81960 -56 10,100 1,356
Amortization....................................................... 1,077,979 34,815 10,643 240,315 9,434 745,163 37,609
Depreciation ..................... :................................. 3,089,776 428,089 34,810, 1,144,884 102,480 1,126,296 253,217
Depletion........................... ................................ 42 36 - 6
Advertising ......................................................... 1,472,979 151,871 1 0,445 217,832 24,940 993,134 74,757
Pension, profit-sharing, stock bonus,
and annuity plans~ ............................................ 218,904 9,141 138,675 4,757 31,402 33,006
Employee benefit programs ................................. 988,168 99,750 17,198 450,300 27,133 175,019 218,769
Not loss, noncapital assets.................................. 270,106
1 1 108595 3 101,525 -1,271 26,899 31,704
Oth r deductions................................................. 10,119, 67 557:553 155,14146 3,329,503 149,527 3,034,658 1,892,479 *273
Total r:ceipts less total deductions.......................... -1,023,140 -651,747 12,855 -165,402 26,703 -138,465 -107,083 *-377
Constructive taxable income from related
foreign corporations............................................ 351,554 16,669 23,626 -304,180 -7,079
Includable income of controlled -
foreign corporatioi.s ........................................ 252,730 404 20,379 224,868 -7,079
Forei gn dividend income resulting
from foreign taxes deemed paid ....................... *98,824 16,265 3,248
Net income liess deficit) .......................................... -673,735
7 -636 12, 55 -142,355
1 26,703 165,714 -100,134
Statutory special deduction, total............................. 30,206 67:5116.83 8984 27,266 -19,118 447,901 67,774
Net operating loss deduction : .............................. 665,107 *17,233 982, 126,339 * 1 9,114 447,487 53,951
Income tax,
subject
totalto.................;_
tax.................................. :............ 1,253,015 100,169 520,095 *35,149 288,751 278,619 *45
Income ............................... 458,891 36,636 *9,787 191,925 12,372 115,029. 93,143 -7
Regular tax.. ....................................................... 423,467 34,418 *9,754' 176,M *11,536 99,681 91,801 -7
Recapture of investment credit ............................
Alternative minimum tax ...................................... 33,277 2,078 15,114 '14,474 -7
Environmental to ................................................ 884 -137 33 532 875 0
Foreign tax credit.................................................... 127,684
1 ' 26,884 160 16,042 -83,043 -1,554
U.S. possessions tax credit ...................................... 846 846
Orphan drug credit ..................................................
Nonconventional source fuel credit ..........................
General business credit ........................................... 6,262 204 *4.183 9 -1,866
Prior year minimum tax credit.................................. 1,722 -56 250 *701 91 *334 -291
Total income tax after credits - .................. ..... 322,377 8,850 -9,173. 170,999 12,272 31,651 89,431
:~sflmato
, should be wed with caution because of the small number of sample returns on which it is based. '
Data deleted to avoid disclosure of information for specific corporations. Deleted data are included in the appropriate totals.
than $500 per return.to
Less
At 3. adju
q "onto income to. and to total tax which are not shown separately.
Also so Zud
nc ud: ualifled electric vehicle credit which is not shown separately.
NOTE: Detail may not add to total because of rounding. See text for *Explamtion of Terms* and *D;scription of the Sample and Limitations of the Data."

136
 Corporation Returns/1 993
RETURNS WITH NET INCOME WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 25-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry
(All figures are estimates band on samples.-money amounts are In thousands of dollars]

Major industry Miring

from All Agriculture, Non-etalic

Industries forratrv, Metal Coal Oil and gas minerals,
and fishing Total Miring mining extraction except fuels

(1) 121 (3) (4) (5) (6) (7)

Number of returns, total.......................................... 22.007 692 1 50 21 5 112 '12

Total assets ............. 1.437.180.675 1,176.907 40,722.1 78 16.861,646 13.424,389 8,824.921 1.222
45,270,372 80.902 952,494 493,826 26,867 425,356 -6,445
Cash........................
- **"*** -*-- .................. -
280,727,997 111,205 7,542,7 05 2,812,458 3,532,069 975,100 '223,078
Notes and accounts recei-1,11Is
......... * ............................
*............. *'**"**
6,550,790 2,386 33,822 11,645 30 * 16,344 *5,802
Less: Allowance bad debts.........................
Inventories .......... for 73,319,862 199,597 997,422 510,054 150,605 254,582 '82,181
52,794,893 209 *6.7 19 *6.719 -
Investments in Government
............ *--obligations **********'*'**'*"
................
15,948,941 - 491 491
Tax-exempt securities.........................................
251,441,237 23,575 760,036 156,045 54,342 517,097 *32,552
Other current
Loans to stockholders
assets ............................................
....................................... 12,524,229 -13,935 -46,045 27,306 9,445 *8,622 672
30,358.651 11856
Mortgage and real estate loans............................
382470,110 -42,615 14,925,9 -3 6,758,579- -6,380.4" 1,657,353- 129,560
Other investments ...............................................
273:925,377 585,263 13,757,1 7: 4.773.272 3,740,951 4,353,510 .889,442
Depreciable assets..............................................
118,100,368 299,351 7,118,0 21 1,450,482 2,226,419 3,017,814 *423.306
Lears: Accumulated depreciation .......................
17.974,467 - 7,397,8 60 2,108,404 268,687 4,651,860 368,909
Depletable assets................................................
- -579,849 1,960,472 22,298
Less: Accumulated depletion ........................... 8,998,234 2,727,8 91 165,271
15,705.479 342,730 1,068,6 49 269,386 593,587 154,310 51,366
Land ..................................................................
64.261,403 74,638 2,760,2 58 705,362 946,774 -824,707 283,415
Intangible assets (amortizable). ............................
15,459,548 -33,789 1,041,1 45 230,209 526,056 264,851 20,029
Less: Accumulated amortization .......................
69,566,597 35,908 1,427,2 65 512,418 638,394 261,906
Other assets .......................................................
Total liabilities ......................................................... 1,437,160.675 1,176.907 40.722.1 78 16.861."6 13.424.389 8.824,921 1.222
115,842,651 90,138 3,939,8 58 1,590,295 1,691,239 558,999
Accounts payable................................ ..............
Mortgages. notes, and bonds payable in less
135,837,417 80,342 1,069,4 10 743,669 8,005 266,519 -51,217
than one year .................................................
442,674,448 64,213 2,316,4 21 -727,774 398,037 1,096,743 *93,867
Other current liabilities ........................................
26,454,647 179.927 696,8 88 *230.407 304,872 *156,590 5,020
Loans from stockholders .....................................
Mortgages, notes, and bonds payable in one
182,241,458 301,628 5,529,5 66 3,175,719 1,125,332 801,588 -426,926
year or more...................................................
180,850,674 94,512 5,757,3 46 1,979,662 2,944,935 804,193 28,557
Other liabilities ....................................................
353,279,380 466,148 21,412,6 89 8,414,119 6,951,968 5,140,290 -906,312
Net worth ...........................................................
56,693,713 199,492 1,309,0 96 406,338 90,953 783,662 *28,143
Capital stock ...................................................
249.670,119 313,556 21,095,3 95 6,444,365 7,813,444 6,218,682 *618,904
Paid-in or capital surplus ..................................
Retained earnings, appropriated ....................... 2,733,776 *4.275 *55,8 02 21,314 33,886 *601
Retained earnings. unappropriated ................... 51,290,647 .51,175 -1,037,2 03 1,542,105 -986,315 -1,862,053
7,108,874 -10,4 00 3 - -602
Len: Cost of treasury stock ............................
Total receipts.......................................................... 827.396,392 1.051,507 13,623,1 36 3,991,181 3,116,550 5.518,124 -'897.281
751,040,034 985,276 12,191,9 95 3,602,789 2,644,034 5,081,144 -864,028
Business receipts....... .........................................
42,671,823 15,115 352,4 98 131,896 102,954 113,734 3,914
Interest..............................................................
Interest on Government obligations;
522,108 46
State and local ................................................
Rents ................................................................. 3,767,173 10,589 17,1 48 3,709 7,422 5,782 235
3,355,429 88 46,4 79 22,550 15,373 8,515 -41
Royalties ............................................................
Net short-term capital gain reduced by
net long-ter. capital loss ................................. 783,739 -1,149 2,0 03 1,522 481
Net long-term capital gain reduced by
5,078,772 -9,537 67,3 02 35,485 20,502 1 1,042 *274
net short-term capital loss ...............................
2,034,261 -2,499 58,0 35 -32,772 12,072 13,186 5
Net gain, noncapital assets ..................................
Dividends received from domestic corporations 1,043,584 -1,694 2,8 69 1,009 475 1,385
Dividends received from foreign corporations 2,390,199 *6,544 -59,4 17 -16,738 37,280 5,399
14,709,271 18,969 725,3 88 144,234 312,194 245,575 *23,385
Other receipts.....................................................
Total deductions ..................................................... 792,167,882 969.239 11.921,346 3.569.736 2.983,299 4.527,920 -640,391
520,933,453 634,303 6,853,9 49 1,992,759 2,035,308 2,291,344 -534,538
Cost of sales and operations ................................
Compensation of officers ..................................... 4,699,825 *8,912 39,0 76 -12,219 215 21,005
50,297,868 95,182 484,0 92 73,747 223 348,626 -61,497
Salaries and wages .............................................
3,969,267 2,971 95,5 37 15,775 66,920 10,788 -2,055
Repairs ...............................................................
Bad debts ........................................................... 2,767,302 -1,594 7,9 14 1,186 1,788 -4,129 *811
8,647,347 15,285 100,4 34 -12,574 34,227 48,053 *5.579
Rent paid on business property............................
15,133,712 21,987 384,8 67 65,120 182,917 113,719 -23,111
Taxes paid ..........................................................
38,477,818 29,686 510,1 22 274,933 125,836 84,073
Interest paid .......................................................
Contributions or gifts.......................................... 421,566 *394 7,8 73 13,020 3,771 -816 265
Amortization....................................................... 2,837,180 16,171 110,9 39 74,850 9,954 12,359 13,776
22,916,332 30,339 932,0 85 373,697 174,201 320,396 -63,791
Depreciation .......................................................
1,108,555 - *39,949
Depletion ............................................................ 581,31 6 324,256 85,011 132,100
Advertising ......................................................... 13,696,330 15,316 19,6 34 3,186 514 '14,251 1,683
Pension, profit-sharing, stock bonus,
2,779,636 *3,460 90,0 -18,761 15,315 -51,994 3.985
and annuity plans .............................................
Employee benefit programs ................................. 8,599,414 8,839 150,3 -42,197 20,529 77,789 9,814
Net loss, noncapital assets .................................. 765,170 -2,423 11,91 186 1,931
94,117,106 82,377 1,541,21 281,271 226,568 986,679 *46,691
Other deductions ................................................
Total receipts less total deductions .......................... 35,228,511 82,267 1,601,7 421,445 133,251 990,204 *56,890
Constructive taxable income from related
1,222,816 201 22,3 73 3,834 2,092 16,371 76
foreign corporations ............................................
Includable income of controlled
401,239 49 4,91 4 2,092
reign corporations ........................................ 2,822
Foreign
fo dividend income resulting
821,577 152 17,4 59 1,012 16,371 76
from foreign taxes deemed paid .......................
35,929,219 82,423 1,624,1 63 425,279 135,343 1,006,575 156,966
Net income .............................................................
8,093,929 52,074 430,50 9 48,846 39,828 337.325 *4,510
Statutory special deduction, total .............................
Net operating loss deduction ................................... 7,003,069 44,413 411,7 63 *31,400 39,448 336,405 *4,510
27,948,795 30,349 1.193,6 54 376,433 95,514 669,250 52,457
Income subject to tax ..............................................
10,235,089 10,353 475,86 6 148.029 55,567 250,460 21,810
Income tax, total 2...................................................
Regular tax ......................................................... 9,662,212 8,677 416,2 81 131,284 33,336 233,426 18,235
Recapture of investment credit............................ 33
532,997 -1,648- 57,39 -0 -16,0 5 21,940 15,929 3,457
Alternative minimum tax......................................
41,001 *28 2,19 4 680 291 1,106 118
Environmental tax...............................................
1,514,722 - 288,52 1 56,645 13,531 *218,087 258
Foreign tax credit....................................................
202,510 56
U.S. possessions tax credit ......................................
14,263
Orphan drug credit ..................................................
40,358 - 1,66 9 1,669
Nonconventional source fuel credit ..........................
General business credit.. ......................................... 205,722 -189 96 7 9 509 449
234,409 -1,602
Prior year minimum tax credit.................................. -14,90 5 8,731 3,630 -1,781- 763
Total income tax after credits 3........................ 8,023,105 8,506 169,80 4 82,644 37,897 28,923 20,340
Footnotes at and of table. See text for *Explanation of Terms' and "Description of the Sample and Limitation of " Dars.'

137
 Corporation Returns/1 993
RETURNS WITH NET INCOME WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 25-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry--Continuied
[All figures are estimates based on samples-oney amounts are in thousands of dollars] Construction

- Mal. indusftv-~(Dontinuedl
Manufacturing
Gane at
building Apparel and
convactors Heavy Special pride Food and Tobacco Textile mill other
Total and construction convectors Total kindred products manufactures products le.til.
operative contractors products
builders
(8) (9). (101 (12) (13) (14) 1151 (161
NuTber of returns, total .................... 366 137 27 203 3.169 114 . 37
TotaJ assets...................................... 2.7'07.352 -515,302 1.166,223 ...
1.026,827 422.663.060. 55.748.709 4.161,983 1,149,010'
C sh .................................................................. 317,766 *68,658 127,759 2 1 3113 B 7.6:21:1.:3 1:1.9,333 209,95364 57,353
Notes
a and accounts receivable ............................ 1
712,058 -132,076 303,169 '276 :81 5.6 7 08 657 733, 1 244,628
Less: Allowance for bad debts......................... 2 182 887 - 7,201 1,939,399 80,670 17.314 -11,234
inventories ............................. 209,348
' '75,748 *53,046 80,554 39,441,446 4,103,079 746,291 377,771
Investments in Government obli'gatio'n's ................
' ' ***' * ................. 18,075 18,075 182,210 222
T ax-o'empt securities......................................... 16,831 - 16,831 306,345
308,828 *39,858 163,118 ...
Other current assets ........................................... 105,851 31,099,678 3,401,711 89,938 47,352
4,760 -
Loans to stockhold:r3 ...... ..................................
Mortgage . 4,760 1,436,621 *120,488 *563
3,4336 3,43 - 96,456
and real state loans............................ 2,413
Other investments............................................... 186.64 69,8396 '4 2,414 111,454,618 18,009,791 414,864 178,693
Depreciable assets.............................................. 1,132,590 -115,835 569,396 44 7,359 175,987,242 12,719,382 ... 2,525,906 ~269,807
Less: Accumulated depreciation ....................... 612,607 168,140 314,421 23 0,046 79,906,428 4,997,007 ... 1,124.621 130.849
Depletable a sets................... ............................. 22,906 22,659 247 10,091,631 2,953
Less: Accumulated depletion........................... 7.501. ." 7,261 236 '0 30 2,582
91.32 -3.,131 28,459 ...
Lan 12 4,138 :.0:09:255
9 716,984 44,003 15,589
Intangible 145,508
, assets famortizable) ............................. 32 131,244 -11 4,233 47,788,777 9,779,827 226,542 -83,Ml
. 39,721 ... 1
Less: Accumulated amortization ....................... 19 -12,240 *2 7,462 10,637,606 865,751 41,421 -1.12,589
209,286 *39,019 97,212 ...
Other assets .........................:........ . ................... 7 3,054 23,892,093 1,538,849 351,323 38,657
Total Ilabilities......................................................... 2.707,352 -iil 5.302 1.160.223 1.025,827 ...
422.663,060 55.748,709 4.161.983' 1.149,010
I 434,746 *81,886 ...
A:ccounts payable ......................... 193,467 115 9,394 41,878,797 8,360,153 .378,176 164,814'
Mortgages, notes, and bonds payable * * less
in ...........
than one year ................... : ...................... 290,213 107,638 -91,246, *9 1,328 37,890,831 3,189,189 293,671 121:2601
Other curren! liabilities......................... : 436,284 300,048 9 7,452 34,71 0,11 e3i 4,679,264 389,867 83B,1313
Loans from stockholders........................... 7.......... 146,257 -34,683 -66,845 -44,728 13,199,038 1,397,653 192,523 12 22
Mortgages, notes, and bonds payable in one
year or more ................................................... 419,141 *43,572 -180,734 '194,836 90,461,761 13,315,834 1,191,957 213,113
1 64,204
Other liabilities.................................................... 12,413 *52,310 * 9.481 36,282,634 700,631 274,409 125.201
Net worth ........................................................... 916,508 -206,325 281,573 428,610 168,239,835 24,105,986 1,541,380 509,461
Capital stock.................... ...................: .......... 253,364 -65,461 85,~42 10 1,961, 16,652,192 1,399,897 290,905 .109,519
............. ................ .581,629
Paid-in of capital surplus -159,927 -202,819 21 8,883 128,616,256 16,5.47,888 896,839 293,595
- - -
Retained earnings, appropriated ....................... 209,961
Retained earnings, unappropriated., ................. 81,515 --19,062 -7,188 107,765 29,063,905 12.117,962 372,877' 111,431
-
Less: Cost of treasury stock ............................ 6,302,479 15,959,761 -13,241 -5,084
Total receipts .......................................................... 4.360,000 453,463 2,335,960 1.570.577 348,662,510 37.736.467 4.558,962 1.602.261
,Business receipts.............................. ................. 4,207.915 *427,559 2,260,695 1,51 9,661 331,420,693 33,864,536 4,463,021 1,576,071
:nterest ................................ : .......................... 33,206 *5,900 13,991 1 3,315 4,710,720 1,001,435 27,815 9,343
n areal on Government obligations:
State and local .......... : ................ .................... -1,361 -1,334 -27 19,224 108 1
Rants................................................................. 41,431 -2,440 -11,671 2 7,320 842,103 127,928 2,871 -1,244
Royalties ........................................ . .................. -3,147 - - 3,147 2,259,306 845,626 1,784 -7,175
shon-term capital gain reduced by -Not
net long-term capi~al loss ............................. 972 972 41,415 354
Net long-term capital gain reduced by
net short-term capital loss ............................... 5,075 620 4,440 16 1,448,904 231,720 *10,989 341
*5.844 .1
Net gain, noncapital assets. ;.............................. -3,245 2,598 702,798 1 87,187 9,411 279
.9 ...
Dividends received from domestic corporations *11,710 1,684 16 529,701 341,274 103 *2.492
246 -
Dividends received from foreign corporations. 246 1,556,lb2 941,989 ',3.651
Other receipts......................:.............................. 59,092 -16,934 37,927 4,231 5,131,544 293,664 39,210 5,314
Total deductions.... ................................................. 4.217,196 434.276 2.276,564 ll.ii(016,336 333.221,276 35.121,270 4,245,908 ~1.541,615
Cost of sales and operations ................ :............... 3,360,410 -366,305 1,946,465 1,04 7;640 217,394,868 20,838,785 .3,046,368 1,142,979
Compensation of officers .................. : ................... - 52,646 -3,759 27,228 2 1,658 1,654,397 167,758 48,572 20,706
Salaries and wages.............................................. 203,75~ 15,060 65,589 123,106 21,916,415 2,433,215 238,2126 92,336
Repairs ................................................................ 13,002 *3,116 2,073 7,812 2,468,282 215,918 7,956 6,901
Bad debts ........................................ : .................. 6,669 -1,130 1,445 760,249 41,379 4,947 4,127
Rent paid on business property ............................ 40,538 .2,906 11,190 2 6,442 3,601,079 388,507 36,165 13,444
Taxes paid ..................................................... 51,576 3,327 31,607 1 6,642 8,723,217 610,186 92,993 24,266
Interest paid ......................... :............................. 50,865 -4,667 23,066 2 3,132 12,273,111 2,034,105 145,243 37,682
Contributions or gifts....................... . .................. 1,053 -30ii , *339 '406 293,525 62,037 4.185' -1,818
Amortization .......................... ............. 3,954 -2,718 - 1,205 1,515,846 161,278 12,105 5,243
Depreciation;...................................................... 87,929 *6,438 46,779 3 4,712 11,385,430 998,170 80,762 23,329
Depletion ............................................ :............... 2,711 2,711 468,450 1
14
Advertising......................................................... 16,129 -643 2,795 1 -2,691 8,011,853 1,641,934 33,263 25,119
-
Pension, profit-sharing, stock bonus,
and annuity plans ............... ............................. 26,045 *694 -23,109 -2 ,243 1,629,939 111,214
- 21,775 *1.683
Employee benefit programs ................................. 33,730 '2,719 -8,593 !22 ,41 8 5,368,447 546,348 66,681 28,605
6,830 -100 . -787
Net loss, noncapital assets .................................. -5 ,944 187.494 5,588 1,910 *372
Other deductions ................................................ 259,355 23,075 80,090 156 ,190 35,568,675 4,864,841 304,756 113,104
Total receipts less total deductions .......................... 142,804 19,187 .59,376 ..64 ,241 15.4411,2~4 2,615,169 313,055 60,646
Constructive taxable income from related I
foreign corporations .............. ;............................. 846,795 510,932 733
Includable income of controlled
corporations ............................. 259,435 141,369 546
Foreign
foreign
dividend income resulting
I from foreign taxes deemed
paid ....................... 587,360 1369,563 187
Net income ............................................................. 141 443 58,042 64,214 16,268,805 3,125,367 313,680 60;645
Statutory special deduction, total ....................... 53:336 *12,266 *3.453 -37,618 3,363,584 476,673 65,996 114,094'
Net operating loss deduction .............................. : 51,887 -12,259 -2,261 *37,367 ...
2,759,045 187,911 62,909 -11,664
Income subject to tax.............................................. 88,107 *6,921 -54,590 *26,596 12,952,732 2,674,009 ... 247,684 -46,551-
Income tax. total I................................................... 30,718 *2,529 *18,898 9,291 4,716,149 ...
955,163 89.652 16,165
Regular tax ........................... 29,613 -2,248 *18,572 -8,794 4,502,829 933,142 85,699 15,912
Recapture of investment credit ............................ 2 -
................ 2 5 4
Alternative minimum tax ...................................... 769 *258 56 -455 193,003 17,589 .3,622 *205
Environmental tax ................. :.. ............................ 88 *13 *48 28 19,766 4,201 332. *48
Foreign tax credit .................................................... 1 1160 350 '259 551 891,943 605,246 48or 534
U.S: possessions tax credit ............................. 109,238 27,952
Or' han drug credit.................................................. 14,263 -
Nonconventionlid
P source fuel credit ..................... 31,532
General business credit........................................... *132 1132 143,421 8,419 12,445 *215
Prior year minimum tax credit.................................. 1,703 1,368 337 127,272 *4.821 *3,773 *61
Total income tax after c ., -2,L79
t;; S_
rim'J.nd
_ -17,141 402 3,398,480 ...
308,726 82,954 15,355
Footnotes at and of table. ~RFI 17 _tx71==n ;n'Y~.facfllnion
2- 23- rimitation of.the Data."

138
 Corporation Returns/1993
RETURNS WITH NET INCOME WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 25-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry--Conflnued
[All figures are estimates based on sampler-oney amounts are in thousands of dollars)

Major inclustry--Continued

Manufacturing--Continued

Item Petroleum Rubber and

Lun,be and Furniture and Paper and Printing and Chemicals and (including miscellaneous Leather and Stons, clay, and
wood ;,Uco fixtures allied products publishing allied products integrated) and plastics leather products glass products
coal products products

J17) (18) (20) (211 422) (23) 124) (26)

(19)
262 440 13 168 54
Number of returns, total .......................................... 264 63 108
896.268 1,202.961 5.380.001 23.692.496 88.577.492 118.411.979 9.156.046 16.169.577
Total assets............................................................
38,875 34,025 84,968 511,739 1.297,922 315,954 144,792 252,162
Cash ..................................................................
170,338 297,998 428,629 4,802, 103 14.353.965 11,353,416 1.766.132 1,785,081
Notes and accounts receivable............................
-2,972 *8,195 * 11,928 407, 197 441,680 104,789 57,340 94,865
Less: Allowance for bad debts ..................
287,530 279,678 389,941 1,141, 187 9,968,961 3,306,483 1.123,266 1,537,739
Inv ntones.........................................................
108,966 43,673 - 1 349
Investments in Government obligations................
257.928 - 2,403
11,177
Tax-exempt securities. ......................................
28,970- 23,199 243,766 2,160,389 5,352,880 13,125,688 152,825 503,291
Other current assets...........................................
- '113,080 38,868 288,433 36,732 *8.293 -13,338
Loans to stockholders .........................................
509 18,134 289 413
Mortgage and real estate loans............................
*4,881 *372,703 1,827,042 3,934 ,267 16,450,101 50,696,580 3,056,745 3.312,435
Other investments...............................................
449,406 411,270 3,093,895 6,128 ,187 42,131,443 53,701,095 4,946,613 8,946,594
Depreciable assets ..............................................
219,655 189,374 1,195,270 2,751 .927 17,404,725 26,543,214 2,227,381 3,932,147
Less: Accumulated depreciation ....................... - 42,439 717,678 8,289.565 51010 769,565
Despletable assets. ...............................................
- 648.423 5,068,426 64,126
3,990
Less: Accumulated depletion ...........................
73,414 *13,655 31,778 152 ,521 1,772,528 1,584,110 44.413 643,058
Land ..................................................................
-17.854 *38,679 101.252 7,496 ,967 10,952,068 6,442,789 163,537 2,600,223
Intangible assets (amortizable).............................
36,631 1,771 ,251 2,002,445 2,892,335 57,4567 676060
*2,263 *20,073
Less: Accumulated amortization.......................
49,892 * 18,218 271,029 2,147 ,169 5,469,051 4,168,043 86.59 570:125
Other assets .......................................................
896,268 1,282,961 5,380.001 23,692,496 88,577,492 118,411,979 9,156,046 16,169,577
Total liabilities.........................................................
133,870 169,433 279,087 3,351 ,584 6,959,397 7,458,670 788,504 1,121,004
Accounts payable.............. ................................
Mortgages, notes, and bonds payable in less
131,396 *305,603 57,013 1,857 ,084 5,503,118 13,838,425 1,878,736 980,960
than one year.................................................
45,767 *75,400 175,397 1,996 ,698 10,680.469 4,261,080 689,542 1,159,006
Other current liabilities ........................................
*682 .530 4,115,925 964,990 *86,347 567,355
-7,043 *43,478 *158,801
Loans from stockholders.....................................
Mortgages, notes, and bonds payable in one
1,973,344 7,373 ,423 18,237,789 18,716,348 985,925 5,338,982
-318,270 155,084
year or inore ...................................................
76,888 *98,061 1,103,989 2,545 ,915 8,030,071 13,599,166 755,226 1,377,157
Other liabilities ....................................................
183,035 435,901 1,632,371 5.885 ,262 35,050,722 59,573,300 3,971,765 5,625,112
Net worth ...........................................................
168,931 916,833 931 ,920 3,868,296 504,008 498,121 700,989
139,711
Capital stock ...................................................
7,042 ,291 25,102,729 39.580,129 2,969,542 6,174,277
*-80,827 *614,355 1,878,347
Paid-in or capital surplus..................................
- - 14,562
140,016
Retained earnings, appropriated .......................
124,151 -347,385 -1,161,393- .2,075,721 6,077,988 19,609,163 504,238 -1,258,298
Retained earnings, unappropriated ...................
- -1,417 -13,228 *138,307 120,000 136 -6,419
Less: Cost of treasury stock............................
2.029.954 3,032.332 4.174,700 15,799 .787 75.689.146 67.375.933 8.727.507 11.521.859
Total receipts ..........................................................
4,025,062 14,534 ,471 71,902,882 63,690,090 8,339,582 10,992,559
2,011.935 2,969,644
Business receipts................................................
7,290 -5,105 45,043 352,681 768,829 1,206,917 152,112 163,791
Interest ..............................................................
Interest on Government obligations:
- 138 405 -17 13,069 39 -43 130
State and local................................................
-1,327 *2.239 *2.769 127,821 141,550 234,795 *16,235 9,789
Rents ................................................................. - 7,667 5,878 250.124 459,319 165,282 *44,648 20,240
Royalties ............................................................
Net short-term capital gain reduced by
- 787 11,252 594 1559 635
not long-term capital loss .................................
Net long-term capital gain reduced by
1,070 -44 40,673 155 ,334 290,021 278,336 *32,218 98,448
net short-term capital loss ...............................
-777 133 -13,167 55 ,289 124,148 200,200 9,289 73,908
Net gain, noncapital assets..................................
-110 1 -2,088 8 ,106 51,681 108,641 469 -1,106
Dividends received from domestic corporations
2,918 38,767 1,753 10 ,100 230,475 29,927 *27,273 8,106
Dividends received from foreign corporations
4,527 *8,595 37,863 305 ,057 1,695,918 1,461,211 105,080 153,146
Other receipts .....................................................
1.955.626 2,905.579 3,914,587 15.123.165 71,431.526 6S.BB8,712 8.390,407 11,154,570
Total deductions.....................................................
2,509,071 2,883,938 6.170 ,669 37,820,445 47,244,244 5,878,614 7,385,996
1,646,445
Cost of sales and operations ................................
27,835 117,286 23,329 190 ,889 342,602 48,962 52,556 62,097
Compensation of officers .....................................
60,790 74,089 146,675 2,116 ,233 7,318,195 1,407,003 509,399 735,532
Salaries and wages.............................................
6,247 92 ,324 518,768 1,004,722 7,2" 172,027
Repairs............................................................... 3,457
-3,240 -5,731 2,877 125 ,991 134,001 57,242 41,599 33,853
Bad debts ...........................................................
5,591 27,745 17,401 278 ,742 839,792 901,498 122,050 83,479
Rent paid on business property............................
28,742 35,095 71,225 399 ,516 1,292,979 3,366.992 160,042 249,163
Taxes paid ..........................................................
183,469 1,019 ,631 2,112,204 2,969,234 229,819 579,266
26,578 36,259
Interest paid .......................................................
-202 2,168 11 ,507 90,586 69,155 2,394 4,841
Contributions or gifts..........................................
957 9,860 387 ,990 346,009 179,770 16,867 30,815
Amortization.......................................................
29,464 33,374 215,345 529 ,242 3,142,480 2,059.367 287,643 528,463
Depreciation .......................................................
784 847 79,555 334,781 52,080
Depletion ............................................................
10,254- 17,677- 22,545 456 ,927 3,307,138 232,522 104,598 68,898
Advertising .........................................................
Pension, profit-sharing, stock bonus,
-1,742 -1,091 *30,861 76 ,906 474,235 214,876 78,312 111,439
and annuity plans .............................................
-16,838 17,800 99,057 402 ,204 1,834,149 133,774 133,140 270,659
Employee benefit programs.................................
-487 -4,564 19 ,258 33,944 5,050 5.380 6,769
Net loss, noncapital assets ..................................
93,004 120,283 194,242 2,844 ,288 11,744,444 5,639,519 760,752 779,192
Other deductions ................................................
74,328 126,754 260,113 676 ,622 4,257,619 1,507,221 337,100 367,289
Total receipts less total deductions..........................
Constructive taxable income from related
- 25,139 1 ,096 156,299 9.908 11,536 107
foreign corporations ............................................
Includable income of controlled
2,580 388 49,525 9,334 11,536
foreign corporations ........................................
Foreign dividend income resulting
22,559 708 106,775 674 107
from foreign taxes deemed paid.......................
74,328 151,756 259,708 677 ,702 4,400,849 1,517,090 348,593 367,265
Net income .............................................................
-17,607 *30,001 53,673 234 ,693 424,724 263,508 86,193 177,743
Statutory special deduction, total.............................
-14,611 *28,601 -50,699 228 ,936 330,441 154,943 81,549 174,809
Net operating loss deduction...................................
56,721 -121,754 206,035 443 ,925 3,976,225 1,271,829 262,400 189,622
Income subject to tax ..............................................
19,757 42,955 79,829 160 ,585 1,434,944 456,824 94,937 85,683
Income tax, total ....................................................
71,406 154 ,682 1,386,625 445,012 89,300 65,242
19,146 *42,322
Regular tax.........................................................
I
Recapture of investment credit ............................
*559 -487 *8.088 6 ,048 42,346 10,145 5,262 19,888
Alternative minimum tax......................................
152 -146 334 854 5,866 1,653 376 540
Environmental tax ...............................................
- 21,267 1203 1 ,665 136,733 694 214 43
Foreign tax credit .................................................... - 1,339
74,742
U.S. possessions tax credit ......................................
14,263
Orphan drug credit ..................................................
31,413
Nonconventional source fuel credit..........................
11 382 11,269 12 ,353 74,568 21,115 1,757 1,219
General business credit ...........................................
39 1,137 * 1 1000 12 ,149 25,345 42,952 3,906 1,322
Prior year minimum tax credit ..................................
Total income tax after credits I ............ ........... 1 19,707 1 20,170 1 77,357 1 14 418 1,109,293 360,650 89,059 81.759
Footnotes at end of table. Be. text for *Explanation of Terms" and "Description of the Sample and Limitatiorl of the Data.-

139
 Corporation Returns/1 993
RETURNS WITH NET INCOME WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 25--rBalance Sheet Income Statement, Tax, and Selected Other Items, by Major Industry--Continued
(All figures are astirtates band an samples--ioney amounts are in thousands of dollars)

Major indusuy--Continued

Manufacturing-Continued

it- Electrical Transportation Miscellaneous

Primary Fabricated machinery. and Motor 'ehicin equipment, Instruments and manufacturing
Mo.[ ind-Vin mew[ woduca except elactrical slacironic and equipment except motor related products and manufacivring
eopment -hicl., net allocable

(26) (27) (28) (29) 130) (31) (32) j331

Numbas of returns. total................... 208 381 273 273 25 116
Total asset ............................................................ 9.630.859 16,246,356 11.149.204 31.773,397, 6.853.974 1.450.638 12.696.8N
Cash .................................................................. 145,46~ 727,115 484,105 983,606 539,204 -114,983 359,560
Notes and accounts receivable ............................ 1,574,067 2.911,461 3,042,325 6,200,903 1,255,629 305.809 2.618,293
Len: Allowance for bad debts : .................. 36.549 54,289 82,315 381.517 25.342 -11,806 65.308
Inventories ......................................................... 1,397,369 2,236,368 2,556,950 4.916,956 1,447,084 386,1011 1.790,461
Investeri nts in Government obligations ................ 1,400 '54 *26,959 585
To ax-e-empt securities ..........................................
Other ;2,806 '28.594 3,437-
current assets ........................................... 919,680- 5 8,377 650,001 1,572,335 252,465 220,039 1,245,973
Loans to stockholders....................................... :. 145,420 '471,298 130,770 *21.432 -1,900 3,769 *35,852
Mortgage and real estate loans ............................ 13.239 66,682 335
Other invest ants............................................... 1,326,115 2.258,691 827,398 5,470,269 396,337- 2,441- 2,112,973
Depreciable assets .............................................. 4,269,404 7,367,920 4,512,586 12,047,949 4,267,746 458,970 3.796,444
Less: Accumulated depreciation ....................... 1,904 50 3.283,632 2,248,666 6,155,1392 1,675,142 213,912 1,817,549
Depletable assets................................................ 227:1,133 16 -
.Less: Accumulated depletion ........................... 227,133
Land .................................................................. 49,343 167,160 146,847 314,956 57,383 -11,277 142,390
ln4ngible assets Jarnonizable) ............................. 569,348 1,865.253 654,396 2,798,663 147,797 65,170 2,355,561
Less: Accumulated amortization....................... 152.593 187,508 158,079 666,598 46,569 .4,364 635,392
Other assets....................................................... 1,335.042 1,182,022 510,650 4,648,984 232,046 112,161 757,055
Toted flablI111103 ......................................................... 9.638,059 1 6.246.356 11.149.204 31.773,397 6,853.974 1.450,638 12,696,898
Accounts payable ............................................... 1,004,172 1,916,524 1,813,526 4,099,051 1,437,046 374,672 1,362,948
Mortgages, notes, and bonds payable in less
than one year................................................. 530,033 1,332,553 1,050.884 3.637,965 923,605
1 *92,591 1,121,366
.that current liabilities ........................................ 507,835 1,403,394 1,540,911 3,541,523 544,192 366,157 1,153,492
Loans from stockholders ..................................... 1,579,863 81 9,82i 375,886 873,573 '118,959 - 30,217 -311,952
Mortgages, notes, and bonds payable in one
year or more ................................................... 1.?37,923. 4,36,951 1,758,811 5,591,280 769,716 .305,357 3,075,452
Other liabilities .................................................... 1,492,605 1,767,411 757,418 1,726,675 375,154 '20,031 766,830
Net worth ........................................................... 3,286,427 4,642,695 3,851,766 12,303,329 2,685,302 261,613 4,904,858
Capital stock ...............; :........................... ~ 574,188 1,008,111 1,736,744 1,762,813 1,251,494 102,667 293,422
Paid-in or capital surplus.................................. 3,084,664 4,173,837 1,725,516 11.129,810 1,515,683 *203,107 4,408,981
Retained earnings. appropriated....................... 12,067 3,027 109 4,112
Retained earnings, unappropriated..... .............. -384,492 -539,391 390,583 -580,811 -79,857- -44,160 204730 ...
Less: Cost of treasury stock............................I - *61099 *4,103 2,018 - 6:387
Total receipts.......................................................... 9.754.387 17,360.134 14,024,899 38,859.722 12.439,726 2,205.729 11.446,M
Business receipts ................................................ 9,502,495 16,872,973 13,670,596 37,716,282 12,349,594 2,181,237 10,968,864
~n 127,672 198,765 134,942 239,494 45.525 11,687 118,132
ntt:rr:st........................................................
st on Government obligations: ...
State and local................................................ 76. *3.669 42 302 -205
Rents................................................................. 9.347 9,036 9,476 45,785 2,527 357 7,994
Royalties, ........................................................... 22,315 32,322 21,236 240,997 -903 437 46,894
Net short-term capital gain reduced by
net long-term capital to".. ............................... - 55 49 *888 26,237
Net long-term capital gain reduced by
net short-term capital loss ........................ -13,214 27,569 59,393 135,095 -66 -1,150 *33,046
Net gain, noncapital assets.................................. -4,093 9,110 12,608 14,778 4,799 *5.478 18,774
Divid:nds ,r:ceived from domestic corporations 1,206 9,187 *484 1,010 958 705
Divid ds ceived from foreign corporations 694 18,627 9,353 74,647 115 107 *95.843
Other receipts..................................................... 73,275 190,306 103,093 390,704 34.938 5,276 130,249
Total deductions.....................................................
. 9.298.445 16,587.906 13.412.043 - 37.681,403 12,021.099 2.137,570 10,618.401
Cost of sales an cl operations .............................. 7,696,442 12,256,943 10,058,505 27,189,223 10,232,277 1.857,910 6,569,588
Compensation of officers ..................................... 48,530 -106,312 108,874 178,167 40,253 12,515 98,253
Salaries and wages. ................... 1 ........................ 337,811 1,021,995 937,968 2,410,390 353,880 83,081 1,164,050
Repairs ........................... ................................... 20,388 110,153 35,741 107,944 26,503 7,731 44,575
Bad debts ................................... 16,448 27,592 36,132 154,997 12,253 -4,421 25,194
Rent paid on business property ............................
........... *"*"* 46,910 88,230 113,719 391,826 42.098 5,746 109,126
Taxes paid .......................................................... 120,815 318,1?8 211,029 557,057 130,326 23,135 253,615
Interest paid ....................................................... 189,139 522,087 287,908 794,454 127,501 33,557 331,969
Contributions or gifts.......................................... 2 325 303 1:.350 639 *776 4,636
Amortization ....................................................... 35:2
':0
2 4:.109 2:: 105 10 .930 219,300 4,464 71,962
Depreciation..................E .................................... 247,048 473,824 441,614 1,171,520 377,364 34,401 296,907
Depletion m ................................................. 375 - -2 6
si
Advertising ......................................................... 24,110 115,758 83,587 723,557- 21,933- 4,174- 99,549
Pen ~jon, profit-sharing, stock bonus,
an annuity plans ............................................. 49,712 87,472 77,065 153,830 ~3.872 -7,254 51,860
Employee benefit programs ................................. 99,425 353,975 221,050 578,133 110,730 31,993 269,693
Net loss, noricapital assets .................................. *9.156 8,478 61,433 50,219 6,262 -2,446 14,489
Other deductions ................................................ 353,995 1,043,527 761,009 3,095,806 484,907 23,967 1,212,930
Total receipts less total deductions .......................... 455,941 780,227 612,856 1,178,318 418,627 68,159 828,541
Constructive taxable income from related
foreign corporations ............................................ - -20,764 *3,586 55,273 11,421 56 j6,1 ~5
Includable income of controlled
Joreign corporations ........................................ 13,751 19,312 6,756 1,904
Foreign dividend income resulting
from foreign taxes deemed paid ....................... 7.013 -1,675. 35,961 4,666 56 34,221
Net income ............................................................. 455,865 800,808 612,773 1,233,549 429,747 68,215 864,461
Statutory special deduction, total............................. 155,615 312,417 150,996 490,367 182,623 22,293 106,340
Net operating loss deduction................................... 154,186 303,636 145,640 480,940 181,864 22,293 93,263
Income subject to tax.............................................. 300,250 488,391 461,777 746,116 247,124 -45,922 758,121
Income tax, total .................................................... 119,602 185,089 172,111 273,878 99,616 16,596 266,408
Regular tax......................................................... 104,463 168,306 157,587 258,120 85,123 151968 263,673
Recapture of investment credit............................
Atternatiye minimum tax ...................................... 14,585 15,869 13,820 14,402 13,995 553 1,792
Environmental tax............................................... 553 878 586 1,314 498 78 953
Foreign tax credit .................................................... 4,172 11,080 6,306 41,642 *3,292 576 50,362
U.S. possessions tax credit ....................................... 789 4,417 - -
Orphan drug credit ..................................................
Noncomfentional source fuel credit.......................... 119-
General business credit. .......................................... 3.920 -1,227 1,609 9,354 *1.387 9,510
Prior year minimum tax credit ................................... 1,663 1690 1,437 91099 *6.319 2,629 *7,371
Total income tax after credits ...... 109,728 171,304 16~,760 209,366 88,618 13,391 199,166
Footnotes at and of bible. Sao text for -Explanation of Terms' and "De3criptim of the Sample and Limitation of the Data.*

140
 Corporation Returns/1 993
RETURNS WITH NET INCOME WITH 50 PERCENT OR MORE FOREIGN OWNERSHip
Table 25-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry-Continued
(All figures are estimates based on samplas-oney amounts are In thousands of dollars)
Major industrV--Continued
Transportation and public utilities wholesale and retail trade
Wholesale trade
from Electric,
Total Transportation Communication gas, and Total Groceries Machinery, Miscellaneous
::nitary Total and related Oqdpm.nt, whl..I.
r~ic.a products and SMPI103 trade

(341 (351 (36) (37) 1381 (39) (40) J41) (42)

710 607 91 7,843 6,644 441 1.282 4.921
Number of returns, total ...........................................
15,596.216 9.634,895 -3,444,338 2.316, 982 149,459,632 131.140,298 5,377,887 15.683.753 110,078,657
Total assets............................................................ 5,418,777
1,250,107 923,989 *202,302. 123,816 7,160,771 6,275,788 152,192 704,819
Cash ...................................................................
2,136,617 1,440,073 '422,281 274, 264 46,736,156 44,548,677 964,075 5,556.669 38,027,933
Notes and accounts receivable ............................ 977,664 34,341 123,086 820,238
86,833 36,247 -38,391 '12, 195 1,059,380
Less: Allowance for bad debts .......................... 1,352,260 3.754,700 19,412,590
228,898 59,513 58,703 -110, 682 29,156,243 24,519,551
Inv mories ........................................................ 201,361
..59054 5,857 -97 02,663 202,663 1,302
Iny:stments in Government obligations................
2: 7 2,107
'96 20,1 61 '20,151 93 8,686 * 11,372
Tax-exempt securities ...................... 8,304,207 225,167 1,022,862 7,056,178
............ 875,588
1 796,422- *43 9 '35, 197- 8,844,927
Other current
Loans to assets......................... -78,023 *100,806 239,305
156,997 -14:.028 7, 969 422,023 418,133
astockholdert;......................................... - 25,879
.35,431 3 .431 50,129 30,650 *67 -4,704
Mortgag and real estate loans ............................ 12,471,588 447,648 2,491,554 9,532,386
............................................... 4,525,017 2,855,026 606,859 1,063, 132 13,758,553
Other investments
8,381,222 4,767,629 -2,975,585 638, 008 44,837,235 34,898,763 2 236,136 2,447,566 30,215.061
Depreciable assets.............................................. 11,554,576
Less: Accumulated depreciation...:................... 3,339,486 1,950,043 -1,212,023 177, 419 17,996,862 13,744,423 1:087,035 1,102,812
147,564 147,364 200 120,930 '120,930 *25,522 - 95,408
Depletable assets ................................................ -9,944 -4,545 5,398
58,389 58,189 200 -9,944
Less: Accumulated depletion........................... 216,325 1,269,412
287,257 186,994 32,006 '68, 257 2,701,379 1,625,575 139,838
Land ............................................... :.................. 4,923.488
Intangible assets (amortizable) ............................. 964,855 431,968 '365,347 -167, 540 6,727,146 5,796.933 652,498 220,947
225,968 117,294 * 59,311 *49, 362 1,479,374 1.280,785 109,140 88,076 1,083,569
Less: Accumulated amortization....................... 338,128 468,089 7,113,287
309,276 197,374 -44,905 66, 997 9,266,886 7,919,504
Other assets .......................................................
15.596.216 9,834.895 *3.444.338 2.316,982 149,459.632 131,140.298 5.377,887 15.683,753 110.078.657
Total liallolliffles ......................................................... 4,152,962 28,128,131
1,292,756 972,272 -153,459 167, 025 36,250,553- 33,104,861 823,767
Accounts payable ...............................................
Mortgages, notes, and bonds payable in less 48,711 -48,953 27,712,446 26,498,849 791,723 3,558,646 22,148,480
than one year................................................. 1,242,910 1,145,246
1,375,934 903,835 *273,982 198, 117 -15,0476 13,152,579 499,604 1,643,028 11,009,948
Other current liabilities........................................ 2,070,232
429,530 339,147 *90,382 2,822,706 2,405,668 *50,057 285,378
Loans fro. stockholders.................. : ..................
Mortgages, notes, and bonds payable in one *684,080 21,630,983 17,069,755 1,320,839 1,832,829 13,916,088
year or more ............ : ...................................... 3,885,521 2,998,461 202,09
11,360,043 823,710 -360,614 -175, 719 8,866,697 7,813,803 59,206 678,349 7,076,249
Other liabilities .................................................... 31,094,783 1,832,692 3,532,561 25,729,529
6,009,523 2,652.223 *2.404,594 952, 706 37,128,579
Net worth........................................................... 214,702 1,665,471 10,791,380
1,180,207 737,465 *309,003 133, 739 13,997,469 12,671,553
Capital stock ................................................... 8,798,611
3,984,920 1,403,791 *1,751,260 -829, 868 14,688,302 11,154,608 795,173 1,560,823
Paid-in or capital surplus .................................. 21
*8,972 *8,972 *8,951
Retained earnings, appropriated ....................... 7,314,249 824,699 308,434 6,181,116
897,739 512,884- -344,343- 40, 512 8,507,743
Retained earnings, unappropriated ................... *11,882 *11,118 41,599
-53,343 *1 1918 -,13 '51,413 73,907 54,599
Less: Cost of treasury stock............................
15.280,651 11.359,499 -2.215.i76 1.705 .276 302,383.538 260.772.488 17,365,953 25,350,471 216,050.084
Total receipts.......................................................... 24,828,418 213,812,925
13,982,377 10,486,793 1,921,132 1,574, 453 296,158,853. 255664,390 17,023,047
Business receipts ................................................ 1,402,130
304,427 247,364 14,633 42, 431 1,825,634- 1:694,437 37,436 254,871
:n areal..............................................................
merest on Government obligations: 3 15,175 15,086 *7,656 672 6,757
*837 659
5 175
State and local ................................................ 360:121: *23,284 17:322 319,580
92,201 8 88 92 -2, 5; 4 4::8
Rents ................................................................. 663 6465 241,600
*5,267 9 448 442 *4, 3781 36 2487
Royalties ............................................................
Net short-term capital gain reduced by
127 26,490 26,367 *2.091 24,276
net long-term capital loss ................................. 127
Net long-term capital gain reduced by 257,430 58,363 175,289 -23, 779 259,536 230,348 *3,363 7,554 219,431
net short-term capital loss ............................... -3,918 16,683 766,808
40,721 27,697 289 12, 736 828,613 787,409
Net gain, noncepital assets .................................. - 49,293 22,291 9,033 -1,570 11,688
Dividends received from domestic corporations.... 24,886 24,886
3.958 3,958 76,128 74,477 3,977 -2,247 68,254
Dividends received from foreign corporations
568,418 419,617 -103,825 44, 976 2,324,451 1,648,769 253,576 218,577 1,176,616
Other receipts .....................................................
10,821,982 *11,719,234 1.630,240 296.532,009 255.842.925 17.147.84e 24.796.073 213.899.006
Total deductions ...................................................... 14.171.456
20,638,206 182,151,115
7,555,215 5,732,971 620,473 -1,201 ,771 246,942,458 217,380,563 14,591,241
Cost of sales and operations................................ 815,059
104,685 77,381 * 13,906 13 ,397 1,165,562 11027,204 47,709 164,436
Compensation of officers.....................................
2,042,934 1,585,350 -383,112 74 ,472 12,144,177 7,990,983 755,070 1,074,054 6,161,859
Salaries and wages .............................................
238,174 145,921 '87,298 -4 ,954 712,336 452,751 46,635 39,676 366,440
Repairs............................................................... 358,546
58,520 28,030 26,604 -3 ,887 529,427 444,155 22,685 62,924
Bad debts ........................................................... 1,221,321 116,418 135,563 969,340
573,779 508,586 *25,622 39 ,571 2,212,582
Rent paid on business property. ........................... 165,783 210,436 1,809,367
361,484 291,256 '47,591 22 ,637 2,830,703 2,185,586
Taxes paid .......................................................... 336,353 2,760,891
414,517 302,448 36,291 75 ,778 3,693,854 3,252,710 155,466
Interest paid ....................................................... 41,781
Contributions or gifts .......................................... 4,487 2,295 321 -1 ,871 58,584 46,994 2,889 2,324
38,446 24,161 -6,354 -7 ,931 381,384 313,943 23,682 20,997 269,264
Amortization .......................................................
604,549 320,367 -234,576 49 ,606 6,014,251 5,303,973 191,915 386,719 4,725,339
Depreciation ....................................................... - 21,685
8,509 7,683 826 25,318 25,318 3,633
Depletion ............................................................ 153,840 3,833,607
Advertising ......................................................... 72,208 55,788 '15,043 -1 ,377 4,685,863 4,175,386 187,939
Pension, profit-sharing, stock bonus, 272,411
66,242 38,251 -27,642 349 451,043 345,795 48,015 25,369
and annuity plans .............................................
279,529 200,150 75,905 -3 ,474 1,559,824 1,014,735 115,526 136,555 762,653
Employee benefit programs ................................. 150,780 2,159 40,192 108,429
28,698 6,035 18,456 -4 ,206 176,749
Net loss, noricapital assets .................................. 1
671,082 1,368,428 8,471,220
1.1719,481 1,495,308 '100,040 124 ,133 12,947,895 10,510,730
Other deductions ................................................ 560,399 4,151,058
09,194 537,517 -496,642 75 ,035 5,851,529 4,929,563 218,107
Total receipts less total deductions ..........................
Constructive taxable income from related 4,579 22,414 21,328 398 -1,636 19,294
4,579
foreign corporations............................................
Includable income of controlled 1,581 -3,450
5,705 5.030
foreign corporations ........................................
Foreign dividend income resulting 4,579 16,709 16,297 398 *55 15,844
from foreign taxes deemed paid ....................... 4,579
1,112,935 541,436 *496,467 75,032 5,858,768 4,935,806 210,849 561,362 4.163,595
Net income.............................................................
188,771 110,254 '42,411 36,106 1,426,773 1,227,076 33,243 220,947 972,886
Statutory special deduction, total............................. 1,185,089 22,779 219,000 943,310
169.081 90,564 '42,411 36,106 1,357,671
Net operating loss deduction ................................... 340,415 3,190,709
924,480 431,498 -454,056 *38,926 4,432,491 3,709,225 178,101
Income subject to tax.............................................. 1,241,742
332,989 151,895 '159,385 21 ,709 1,683,133 1.429,287 63,916 123,629
Income tax, total I................................................... 1,511,430 61,067 111,866 1,091,264
320,011 148,021 158,787 13,203 11.21~4,196
Regular tax ......................................................... - - 1
1 1
Recapture of investment credit ............................ 145,665
Alternative minimum tax............................ 12,067 3,379 265 *8 ,422 165,343 159,632 -2,642 11,325
911 495 *333 -83 6,094 5,192 207 362 4,623
Environmental tax ............................: ***'*
'53 38,921
........... ** 6,846 6,176 232 -438 45,433 41,523 -2,549
Foreign tax credit.................................................... - - 1,204
81,294 81,2.94 4,354 1,225 21
U.S. Possessions tax credit...................................... -
Orphan drug credit .................................................. 538
538 538
Nonconventional source fuel credit .......................... -722 21,473
7,343 *3,383 2,785 1 . 175 41,750 23,330 -1,136
General business credit.........................:.................
*3,933 19,860 8,827 -427 881 7,518
Prior year minimum tax credit..................................
233,575 1 138,721 -75,075 19 ,779 1,571,197 1,353,845 59,266 121,952 1,172,627
T0J!;1~Mj &efter I credits ........... ...........
F table. See text for 'Explanation of Terms- and -Description of the Sample and Limitation Of the Data.-

141
 Corporation Returns/1 993
RETURNS WITH NET INCOME WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 25-Balance Sheet, Income Statement, Tax, and Selected Other Items, by Major Industry--Continued
(All figures are 0.6-tal b~tmd on sar~ples-cmeV amounts are in thousands of dollars]

Major indutruy--C-inued

Wholesale and retail trad-Continued

Retail trade
Item Building A.T-11- Furniture vft".W.
materials, General dealers Apparel and and Eating and Miscellaneous and retail
Tom) garden supplies merchandise Food stores and ..c.."'y home drinking retail trade not
am mobile stores sa"Ice stores hnnishing places stores allocable
home dealers stations
store'
143) 144) (451 (46) 147) (48) (50) - (511 (52)
Number of returns, total .......................................... 1.199 EKE 67 76 309 449
Total assets............................................................ 18.319.334 8.475,04 1.962.94S 1.243.534 2.532,419 2.701.747
884,983 11 520 *67,393 271,49 148,784 22,568 192,538 159,681
Cash ..................................................................
298,942
Notes and accounts receivable ............................ 2,187,479 * 122,973 *26.149 399,82 704,739 173,125 433,825
81,716 -4,157 - -1,15 *9.251 -6,825 31,535 28,794
Less: Allowance for bad debts .........................
4,636,692 '255,26.3 *45.862 2,210,65 7,14,944 439,932 '13,208 168,594 788,234
Inventories .........................................................
-
Investments in Government obligations : ............
Tax-exempt securities ................................... :
Other current assets........................................... 540,720 1 3,084 7,573 154,87 38,214 82,102 142,074 102,787
*3,889 - 61 *2,005 1. 150
Loans to stockholders.........................................
* 19,480 -2,427 - 17,053- -
Mortgage and real estate loans ............................
Other investments............................................... 1.28::965 1 2,491 *374,028 163,96 28,847 172,064 64,980 470,590
9.93 472 55,050 * 107,709 6,529,47 309,373 397,257 -2,848 1,748,309 588,452
Depreciable seem ..............................................
4,252,440 -117,524 *32,214 2,784,97 118,940 170,113 *2.323 755,622 270,728
Less: Accumulated depreciation .......................
-
Depletable assets ......................................... :
Less: Accumulated depletion ...........................
1',075,804 -112,402. 17,705- 560,86 .96,7~4- 17,421 -247,292 23,346
Land.............. ...................................................
930,213 43,271 1,560 132,03 -9,179 * 168,922 244,054 331,188
Intangible assets (amortizable) .............................
Less: Accumulated amortization ....................... 198,590 9,620 283 -36,66 *4,937 51,442 -16,665 7B,983
1,347,381 *38,806 *1,872 874,03 40,788 -2,628 *81 *212,405 182,025
Other assets ........................ : ........................
Total liabilities......................................................... 18,319.334 -733,557 '617.354 8,475.04 1,962.945 1,243.534 -52.729 2.532.419 2.701.747
3,145,693 '90,104 *49,878 1,312,06 796,085 122,249 '48,549 206,204 520,563
Acco unts payable ...............................................
Motrtgages, notes, and bonds payable in less .
1,213,597 *33,908 11,672 239,88 1 429,814 223 812 *52,693 222,418
han one year.................................................
1,895,088 -42,453 -31,765 893,94 5 233,146 113,506 -*167 361,497 218,608
Other current liabilities........................................
Loans from stockholders..............:...................... 417,038 22,278 *984 '94,449 242,293
Mortgages, notes, and bonds payable in one
of year or more................................................... 4,561,228 *293.267 *219,122 2,189,58 -163,303 *255,909 1,086,612 353,431
her liabilities .................................................... 1,052,894. 16,665 59,507 499,66 90,928 35,771 *232,196 118,166
6,033,797 -234,881 *245,026 3,245,46 249,670 492,288 -4,013 536,184 1,026,266
Net worth ...........................................................
1,325,916 *26,231 *235,519 368,25 84,993 123,127 *882 63,906 423,000
Capital stock...................................................
3,533,695 '239,792 - - 1,237,46 *138,975 *325,353 -551,612 1,040,498
Paid-in or capital surplus ................................ ;.
Retained earnings, appropriated :..............
1,193,494- *-30,771- -9,507 1,654,50 25,770 43,808 -3,131 -78,866 -433,587
Retained earnings, unappropriated.. .................
. -19,308 371 - - - 468
Less: Cost of treasury stock ............................ '14,75 -3,644

Total f6belldt3 ........................................................... 41.611.050 *1,328.232 *292,749 25.464,82 2,969,150 1,875,050 *106.430 4,992,035 4.58'2,571
Business receipts ................................................ 40,494,463 1,319,382 *262,747 24,937,243 2,857,123 1,853,625 -106,076 4,751,126 4,407,142
interest .............................................................. 131,196 *3,209 5,500 54,50 19,473 6,250 *222 20,948 21,090

Interest on Government obligations:

State and local.. .............................................. 90 88
Rents ................................................................. 89,713 - 2,762- .42,71 7 .10,662 340 *26,972 -5,977
120,738 329 - 33 111,218
Royalties ............................................................ *91158
Net short-term capital gain reduced by
net long-term capital loss ................................. -123 1 *115
Net long-term capital gain reduced by
net short-term capital loss ............................... 29,188 228 -11888 226 *12 .12,861
14 13.:72
41,204 1344 5,590 *24,366 146. *21 4,8 5, 23
Net gain, noncapital assets ..................................
-27,002 - 1 38
Dividends received from domestic corporations 26,853 *111
-1,651 570 - 376 * 705
Dividends received from foreign corporations
675,682 -4,787 20,841 397,908 55,639 ~14,429 *107 63,595 118,375
Other receipts.....................................................
Total deductions ..................................................... 40,689.084 -1.309,594 *279.979 25,108,96 2.901,184 1.747.281 *105.217 4.812,765 4,424,098
Cost of sales and operations ................................ 29,561,896 -946,727 1 94,61 5 19,248,614 2,556,573 1,055,239 -87,175 2,523,241 2,949,712
Compensation of officers............ 138,357 -5,1 ~l *2,017 19,198 10,158 19,863 -1,133 34,542 46,275
........................
Salaries and wages ............................................. 4,153,194 -156,910 *21,864 2,436,039 121,911 195,082 *3,280 894,091 325,017
259,585 * 7.93 3 *1,628 155,016 '5,922 14,633 *157 61,324 12,972
Repairs ............................................................... .
85,273 *9,056 334 33,940 2,931 -3,407 *47 -7,395 28,162
Bad debts I ......................................................
Rent paid on business property............................ 991,261 -21,674 -11,814 531,579 17,465 74,639 *3.016 205,076 125,997
Taxes paid.................. ....................................... 645,117 *.18,529 -8,436 323,544 22,622 57,905 -1,421 146,155 66,506
441,144 *24,732 -12,364 164,473 39,474 23,296 *966 107,981 67,859
Interest paid .......................................................
11,590 -408 177 4,754 *341 *2,864 - -1,838 1,209
Contributions or gifts.. ........................................
Amortization ....................................................... 67,441 3,615 715 - 1 4,102 -1,135 *6.392 ..233 26,891 14,359
710,279 16,763 -5,500 427,081 30,372 35,778 *505 108,770 85,509
Depreciation .......................................................
- -
Depletion- .........................................................
si
Advertising ......................................................... 510,478 -13,547 2,356 232,717 21,345 39,381 *595 142,604 57,933
Pen ion, profit-sharing, stock bonus.
and annuity plans............................................. 105,248 -1,620 81,086 -4,532 7,319 6,405 4,287
Employee benefit programs ................................. 545,089 *18,157 3,428 352,115 19,770 22,257 -198 100,871 28,293
25,968 9 4 *5,468 -217 1,598 - -11,961 6,711
Net loss, noncapital assets ............: .....................
2,437,165 -65,743 - 14,728 1,079,243 46,417 187,627 -6,492 433,619 603,296
Other deductions ................................................
921,966 -18,638 -12,771
- 355,857 67,966 127,770 11,222 179,270 158,473
Total receipts less total deductions ..........................
Constructive taxable income from related
1,086 - 828 150 108
foreign corporations .............. .............................
Includable income of controlled
I foreign corporations........................................ 674 674
Foreign dividend incLme resulting
from foreign taxes deemed paid ....................... 412 163 150 108
922,963 -18,638 12,771 355,857 67,966 128,597. -,1,222 "! 79,333 158,579.
Not income.............................................................
Statutory special deduction, total ............................. 199,697 -11,658 *38,358 *37.834 15,137 *476 *51,827 44,408
Net operating loss deduction ................................... 172,582 -11,658 *11,875 *37,834 15,136 *476 *51,800 43,802
723,266 '6,980 -12,771 317,499 *30,132 1 13,460 *746 127,506 114,171
Income subject to tax ..............................................
253,845 *2,996 *4,369 111,608 11,041 -39,074 .1150 45,532 39,075
Income tax, total I...................................................
Regular tax ................................................ : 247,234 *2.252 *4.274 110,404 10.076 *38,83ii *150 43,622 37,621

Recapture of investment credit ................ ............

5,710 730 75 749 *920 *124 *1,751 *1,361
Alternative minimum tax ...............
901 14 19 455 '44 *115 160 94
Environmental ta . ......................... ......................
3,910 206 1,370 245 1,795
Foreign tax credit..~ .................................................
3,128 - 3,128
U.S. possessions tax credit......................................
Orphan drug credit..................................................
Nonconventional source fuel credit ..........................
18,421 - 4,466
General business credit ........................................... 13,057 898
11,034 377 8,722 204 47 270 1,414
Prior year minimum tax credit ..................................
Total income tax after credits 3 .......... : .............. . 217,352 , -2,996 . *3,786 93,622 10,837 38,782 *150 30.410 1 36.469
Footnotes at and of table. See text for "Explanation of Terms' and "Description of the Sample and Limitation of the Data."

142
 Corporation Returns/1 993
RETURNS WITH NET INCOME WITH 50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 25-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry-Continued
(All figures are estimates based on samptes--momy amounts are in thousands of dollars)

Major industrr--Corninued

Finance, inswance. and real astate

HoldInif
It.m Credit Security, Insurance a. 0.1
Total Banking agencies commodity Insurance agents, Real inveatment
other han brokers brok-, and ..tat. cornpanies,
bank, and services service except bank
holding companies
153) 154) 1551 156) (57) (58) (59) 160)
Number of returns, total.......................................... 5.791 77 105 196 126 15 4,038 1,234
Total assets ............................................................ 747,616.117 126,763.433 67.598.447 249.786.924 200.597.023 7,645,012 20.047.142 54.578,135
Cash .................................................................. 25,820,457 14,989,079 3,302,197 2,881.072 1,179,649 903,626 1,082,080 1,482,752
Notes and accounts receivable............................ 144,517,191 65,467,405 43,470,844 19,677,971 4,824,088 1,876,950 1.430,183 7,769,750
3,089,807 1,487,498 1,379,252 70,625 77,416 -12,540 3,284 59,191
Less; Allowance for bad debts.........................
347,189 8,563 17,176 *81861 399 575 287,445 24,169
Inv ntories
InZirTent."in ' " Government
'****** * obligations
*** ...........***................
*.......... 52,084,838 18,806,450 1,597,953 9,742,471 19,953,561 40,592 *22,375 1,921,436
Tax-exempt securities ......................................... 5:103:011 1 383197 273 0 113:541::2,1": 369727 1,539
Other current assets ........................................... 205
' E03 7 7:762:331 11,297:0'3
1: 149,9'84:4
1:'8 69 4 414:829 1,399,367- 17,;0
10,242
10,382,812 1,014 *4,557,633 407,260 70 119,380 6,297,454
Loa stockholders .........................................
30,135,409 5,187,778 13,182,388 -8,414 10,430,115 468,470 -858,243
Mortgage
he to and real estate loans............................
216,551,857 8,525,161 8,183,839 57,446,629 120,503,986 3,318,982 3,783,756 14,789,504
Other investments ...............................................
19,458,801 2,545,662 1,695,069 986,467 1,377,924 '583,183 9,783,071 2,487,434
Depreciable assets.......... : ...................................
5,196,006 1,338,526 438,799 422,932 172,214 '316,854 2,059,675 447,007
Less: Accumulated depreciation .......................
'193,575 105,510 '50,617 -37,448
Depletable assets ................................................
*143,579 86,252 -44,533 12,795
Less; Accumulated depletion ...........................
4,238,515 157,548 110,158 17,095 90,326 -7,430 3,374,627 481,333
Land .................................................................
2,295,133 494,982 281,474 790,461 125,028 -270,859 235,678 96,660
Intangible assets (amortizable) .............................
832,502 234,257 52,537 285,087 45,987 '73,795 100,663 40,176
Less : Accumulated amortization ........................
29,745,503 4,494,545 1,500,148 8,564,249 11,927,528 261,447 818,247 2,179,340
Other assets .......................................................
Total liabilities ......................................................... 747,610,117 126.763.433 87,598.447 249,780.924 200.697.023 7.646.0112 20.647.142 54,570.135
23,654,188 1,802,925 2,642,7 1 7 12,726,654 882,563 2,135,175 299,714 3,164,439
Accounts payable ...............................................
Mortgages, notes, and bonds payable in 19,422,603 2,357,460 -2,110 3,082,017 8,861,840
then one year ..........................................
less 64,399,670 4,098,576 26.575,065
382,651,891 94,973,112 30,927,902 198,974,120 40,341,888 650,683 1,011,711 15,772,47a
Other current liabilities........................................
8,318,086 93,607 1,497,871 1,074.257 1809,196 -4,079 2,571,980 2,267,098
Loans from stockholders ... .................................
Mortgages, notes, and bonds payable In one
50,197,978 6,843,332 17,827,762 4,954,498 4,618,399 -390,916 6,990,424 9,672,649
year or more ...................................................
124,726,776 8,235,305 1,798,169 5.821,849 ioe,572,454 -301,397 e03,932 1,392,671
Other liabilities....................................................
93,668,528 10,716,576 6,328,961 6,812,945 45,115,065 4,160,052 7,087,365 13,446,964
Net worth ...........................................................
le,egl,374 3,100,803 1,129,839 1,571,131 2,371,658 306,235 3,869,675 4,542,972
Capital stock ...................................................
60,125,425 4,680,362 4,089,807 4,407,690 29,149,274 -732,061 5,842,447 11,223,785
Paid-in or capital surplus..................................
....................... 2,453,193 27,794 67,931 512 2,353,937 3,019
Retainea earnings, appropriated
14,629,179 2,908,343 1,041,384 880,215 11,480,089 3,123,362 .2,605,711 -2,198,504
Retained earnings, unappropriated ...................
430,643 786 46,803 239.893 6 * 1 9,046 124,308
Less: Cost of treasury stock ............................
Total rec*ts .......................................................... 109,905.058 10.073.632 7.868.650 118.376,879 64.205.028 2.097.955 3.211.760 3,471,342
62,839,766 1,634,132 760,477 5,120,014 50.193,000 2,738,610 1,461,919 931,614
Business receipts ................................................
34,614,352 7,109,047 5,410,700 10,949,239 9,299,960 85,816 319,211 1,440,379
Interest..............................................................
Interest on Government obligations:
483,349 121,434 7,822 35,258 286,007 -26,440 -268 *6,119
State and local ................................................
2,178,023 330,993 832,803 54,761 167,711 172 597,149 194,434
Rents....................................................
38,003 5 212 92 340 '145 137,209
Royalties................................................
Not short-ter. capital gain reduced by
not long-term capital loss................................. 692,697 2,468 25,018 235,244 389,519 -579 17,052 32,817
Net long-term capital gain. reduced by 223,350 1,607,555 -6,847 683,666 297,781
net short-term capital loss ............................... 2,904,001 31,826 52,976
364,161 168,300 145,598 -21,984 6,976 1712 19,785 -805
Net gain, noncapital assets..................................
412,517 9,029 5,454 21,207 300,968 -11,606 1,491 62,762
Dividends received from domestic corporations
172,971 616 6,926 16,449 18,507 3,119 12,943 124,411
Dividends received from foreign corporations
5,205,217 665,782 420,670 1,698,281 1,935,285 -24,053 118,138 343,009
Other receipts.....................................................
Total deductions ..................................................... 100,777.301 6,899,796 7,087.1187 17.071,296 60,403,910 2.313,358 2,608.973 2.392.782
23,831,080 4,691 196,715 -1,152,894 21,473,703 39,692 554,708
Cost of sales and operations ................................
............ 1,240,870 374,628 76,446 510,129 131,038 *85,857 35,029 27,743
Compensation of officers........................
q,521,830 1,095,032 508,142 2,255,804 4,463,293 936,351 126,854 136,355
Salaries and ages .............................................
Repairs ............................................................... 263,632 117,892 19,286 29,329 11,326 *7,766 65,046 12,987
1,276,809 613,844 468,161 8,488 130,533 16,810 32,039
Bad debts ...........................................................
1,204,91 7 260,848 128,318 219,683 422,233 -125,698 22,478 25,658
Rent paid an business property............................
1,947,007 217,507 144,492 243,750 969,109 123,369 165,685 83,096
Taxes paid ..........................................................
20,249,118 3,509,055 3,928,208 9,970,559 1,062,442 -56,457 672,063 1,050,334
Interest paid.......................................................
40,763 12,331 2,612 8,485 9,418 -4,585 2,011 1,320
Contributions or gifts..........................................
Amortization.. ..................................................... 450,367 46,691 35,137 56,312 213,620 -24,805 54,484 19.317
Depreciation ....................................................... 2,106,435 574,645 721,874 156,887 211,315 -51,438 333,951 56,325
22,213 5,362 72 3 15,920
Depletion ............................................................
225,920 73,645 29,342 9,459 69,931 -26,645 13,351 3,547
Advertising.........................................................
Pension, profit-sharing, stock bonus, 696 1,494
and annuity plans ............................................. 408,870 95,250 24,045 69,159 144,897 -73,328
Employee benefit programs................................. 694,926 186,194 33,067 80,815 282,425 91,298 6,368 14,760
Net loss. noncapital assets .................................. 313,583 181,616 10,458 11910 34,337 *623 16,753 67,886
36,978,962 1,530,564 760,883 2,297,562 30,774,287 658,512 521,829 435,325
Other deductions................................................
Total receipts less total deductions.......................... 9,127,757 1,173,837 581,469 1,304,582 3,801,918 584,597 602,793 1,078,560
Constructive taxable income from related
226,590 253 *6,28.8 59,791 4,508 333 343 155,075
foreign corporations............................................
Includable income of controlled
124,909 - *5.301 *49,416 4,094 333 343 *65,422
foreign corporations ........................................
Foreign dividend income resulting
101,681 253 988 10,374 414 89,652
from foreign taxes deemed paid .......................
Net income ......................... ...................... :............ 8,870,998 1,052,655 579,936 1,329,115 3,520,419 558,490 602,867 1,227,515
Statutory special deduction, total............................. 1,849,162 252,672 139,165 182,237 583,106 -26,724 322,862 342,397
Net operating loss deduction ................................... 1,544,102 249,167 129,434 167,192 426,338 -18,582 320,377 233,012
7,073,924 799,983 440,771 1,146,878 2,983,750 -531,767 280,006 890,769
Income subject to tax..............................................
2,531,289 290,017 164,485 404,103 1,069,811 186,772 99,594 316,508
Income tax, total I...................................................
Regular tax ......................................................... 2.449,897 278,311 153,174 399,241 1,042,185 -185,886 86,445 304,655
25 - 25
Recapture of investment credit ............................
Alternative minimum tax...................................... 73,556 13,418 10,557 3,404 23,255 -192 12,205 10,525
10,055 1,340 753 1,466 4.370 693 272 1,160
Environmental tax ...............................................
153,135 5,915 1,868 38,848 7,786 18 *364 98.335
Foreign tax credit ....................................................
6,723 6,655 - 68
U.S. possessions tax credit ......................................
-
Orphan drug credit ..................................................
6,618 6,618
Nonconventional source fuel credit ..........................
5,658 2,456 1,320 -1,112 301 43 '282 145
General business credit ...........................................
Prior year minimum tax credit .................................. 63,412 12,483 12,693 2,757 28,824 134 756 -5,764
Total income tax after credits .......I...... 1 2,295,743 148,6.3 361,385 1,032,900 186,577 98,123 212,264
Footnotes at and of table. See text for "Explanation of Terms" and 'Description J ot the~55L
Sample
91and LLimitation of the Data."

143
 Corporation Returns/1 993
RETURNS WITH NET INCO&Ii WITH'50 PERCENT OR MORE FOREIGN OWNERSHIP
Table 25-Balance Sheet Income Statement Tax, and Selected Other Items, by Major Industry-Continued
[All figures are 8211-OU13 based or, sample-Monly, amounts at@ In thOU32ndS Of di

Major Indurstry--Continued

services

Hotels Auto repair; Arnusanturt Nature of

Total and other Personal flusir~.s~ miscellaneous and Other business
lodging servi ... -il.3 .P.I, racreation services not allocable
Place. Ii-ic.. services

(61) (62) (631 (64) (65) (66) IV) (68)

Numbarr of returns, total...................... .................... 3.262 137 1.009 92 315 1.603
Total assets...........................................................
* 57165.742 S,886,907 *1.028.790 17.506,536 1,446.556 27.381.537 3.938.415
1,b85,804 216,044 -20,584 792.214 148,640 485.922 322,399
Cash..................................................................
Notes and accounts receivable ............................ 13,310,007 186,720 -113,913 4.387.403 379,566 7,269,936 972,469
326,982 *14,438 8,888 111,573 4,796 90,289 96,999
Less: Allowance for bad debts........................
2,739,720 17,960 '41,871 461,822 167.277 1,955,410 95,382
Inv morias. ........................................................ .
294,226 291,797 2,428 -
Inv:stments in Government obligations................
-
Tax~xempt securities .........................................1.,
4,024,890, 322,597 -41,018 900,924 159,009 2,092,147 509,195
Other current assets ...............
61,036 *6,139 -30,649 18,415 15.832
Loans to stockholders.........................................
*- * * *--'
Mortgage a d real estate loans .......................... -35,93~ *29,384 5,161 1,389
21,024,870 12,613,211 *14.386 5,745,563 *144,683 -1 ,810,937 696,090
Other investments
rl ..............................................
9,717,894 1,759,836 '415,673 3,147,157 498,466 2,379,626 1,517,136 167,955
Depreciable assets..............................................
3,631,607 486,415 1113.996 1,398,895 170,209 775,502 686,589
Less: Accumulated depreciation .....................
-
Depletable assets...............................................
Less: Accumulated depletion...........................
914,085 372,496 -105,350 151,342 49,002 144,743 .91,162 -2,i8l
Land ..................................................................
3,505,087 32,901 *275,665 2,072,304 *75.444 893,712 155,062
Intangible assets (amortizable) :........................
Less : Accumulated amortization ....................... 1.169,443 12,133 *41,583 787,659 *43,441 251,001 33,626
Other assets ...................................................... 4,680,222 842,606 162,799 1,818,327 41,916 -1,435,053 379,522 *159-

Total Habilitle3 .............................. ......................... 57,165,742. 5,886,907 '11.026.~90 17.506,ma 1."5.556 27.361.537 3,938.415
Accounts payable............................................... 8,301,6.16. 64,845 *52,782 1,700,238 89,307 5,972,692 421,751
.
Mortgages, notes, and bonds payable.in less
3,1 09,935 448,786 962 1,811,467 308,879 278,680 -41,662
then one year............................... .................
6,071,610 568,070 -190,388 2,750,889 131,733 1,935,300 495,230 1264
Other current liabilities ........................................
Loans from stockholders ..................................... 755,214 -222.70b *169,847 133,361 '22,924 -.134,555 71,818 *7.002
Mortgages, notes, and bonds payable in one
9,814,879 1,353,793 -299,969 3,304,107 *381.287 3,593,020 882,702
year or more .................................................
Other liabilities.. ................................................. 3,699,461 467,507 11,398 935,062 -77,435 1.682.576 525,482
Net worth .......................................................... 25,413,026 2,761,196 -301,443 6,871,41 1 481,711 13,734,514 1,262,751 *24,544
6,186,012 1,708,877 '47,471 496,010 308,095 3,268,095 357,464 124,607
Capital stock ................................ ;.................
Paid-in or capital surplus :......................... 20,H4.637 1,353,026 -157,320 6,537,647 501,i36 10~870,800 844,607
.
Retained earnings, appropriatid...................... *658 875 . 40
-801,094 -297,376 *95,994 -153 540 -327,620 -188,121 69,571
Retained earnings, unappropriated ...................
238,103 -'3,331 -9:580 7216,300 *8.891
Less: Cost of treasury stock............................
Total receipts ................................................ 32.229,94i 1,515,93i *630.4" 13.157,886 1.198,350 10,858.014 4.869,318
Business receipts ................................................ 29,253,158 1,298,866 -572,789 12,299,220 1,139,205 9,279,815 4,663,262
815,822 25,434 -30,784 330,867 21,627 355,877 51,233
Interest..............................................................
Interest on Government obligations:
-2,114- -1,439 -572 - 103
State and local ..................... : .........................
135,779 -23,845 3,537 32,809 *5,055 *56,026 14,506
Rents .................................................................
633,672 31,312 15,378 89,245 4,936 '492,680 121
Royalties............................................................
Not short-term capital gain reduced by
net long-term capital loss................................ 18,885 *2,084 14,038 0 *2,491
Net long-term capital gain reduced by
126,986 *1,014 291 il,501 306 -9i,581 12,293
net short-term capital loss ...............................
31,590 384 19,933 *3,681 -5,797 *11,425
Net gain, noncapital assets .................................
Dividends received from domestic corporations 20,913 2 -1,271 12 1,162 17,816
Dividends received from foreign corporations 514,831 73,514 16,279 *426,038
676,193 57,401 .7,007 332,151 23,528, 147,547 108,559
Other receipts ................................................
Total deductions..:... .............................................. 30.358.055 1.376.924 -599R29 12,514,064 1,1".087 10.200.8el) 4,522.862
14.361,172 -236,771 *116,077 6,363,955 675,768' 5,256,694 1,711,907
Cost of sales and operations.............................
Compensation of officers.................................... 433,679 -16,276 *13,695 222,735 19,003 59,100 102,869
Sa,laries and wages ............... ............................. 3,889,482 148,417 159,832 1,760,842 .124,456 713,597 982,338
-175,334 13,605 *9.221 45,646 .15,106 62,743 29,013
Repairs.. ............................................................
Bad debts .............................................. ;........... 126,119 4,441 -3,992 43,681 2,359 22,803 48,844
Rent paid on bisiness property ........................... 898,734 87,954 - 1 §,378 418,599 22,738 210,327 139,738
Taxes paid ................................ ........................ 812,868 68,736 .409,304 .21,310 144,109 148,101.
1,256,545 136,724 *64,423 368,410 43,741 .535,581 107,666
Interest paid ...................... ...................... :
Contributions or gifts ........................ ; ................. 14,888 *416 94 2,911 *56 10,057 1,355
Amortization ...................................................... 320,073 6,580 *8,437 101,374 ~-6,770 185,676 11,236
Depreciation ............................. ......................... 1,755,314 86,844 -25,665 490,627 85,696 927,017 139,4651
37 36 -
Depletion...........................................................
Advertising ........................................................ 649,407 17,591 *8,7. 66 134,524 '23,232 434,895 30,400
Pension, profit-sharing, stock bonus,
and annuity plans ............................................ 103,981 2,071 70,824 -3,125 *8,667 17,372
Employee benefit programs................................. 503,790 !32,056 12,906 223,623 18,954 '67.985 148,266
37,479 *483 113 26,735 *11,053 16,002 3,094
Net loss, noncapital assets ..................................
5,019,152 517,960 1 33,401 1,830,236 '80,719 1,555,637 901.197
Other deductiohs............................................. ;..
Total receipts less total deductionsi.. ....................... 1,871,889 139,007 *31,215 643,822 54,263 657,126 346,455 -46
Constructive taxable income from related
99,864 i6,669 4,074 179,121
foreign corporations...........................................
Includable income of controlled
6,227 404 982 4,841
foreign corporations .......................................
Foreign dividend income resulting
from foreign taxes deemed paid ...................... 16,265 3,092 *74,280
Net income............................................................ 1,969,638 154,237 *31,215 647,324 54,263 736,247 346,352
Statutory special deduction, total ............................ 729,719 67' 9:4 27,229 -19,114 447,496 67,733
665,107 - 1 7~'23'3 9 2 1126,339 -,19,114 447,487 53,951
Net operating loss deduction ...................................
Income subject to tax ................... ......................... 1,253,015 100,169 *30,231 520,095 288.751 278,619 -45-
Income tax, total I.................................................. 454,586 36,623 *9.787 187,921 12,331 115,020 92,903 -7
423,467 34,418 176,277 -.11,536 99,681 911801 -7
Regular tax ........................................................
-
Recapture of investment credit ............................
Alternative minimum tax .................................... : 29,220 '2,06P 11,127 -777 *14.465 782'_
. 514
Environmental tax ............................................... 1,866 *137 33 18 875 290
127,684 26,884 160 16,042 *83,043 -1,554
Foreign tax credit ................................. ; .................
U.S. possessions tax credit ..................................... 846 846
Orphan drug credit ........... ...............................
Nonconventional source fuel crediti .........................
6,262 204 *4,183 8:6
General business credit ...........................................
Prior year minimum tax credit .................................. 1,722 *56 250 * 701 919 -334 .2 1
Total income tax after credits 3 ................. t 318,071 1 8,838 '9,173 166,994A '12,232 31,642 89,192 -7
Estimate shouldbe used vith caution because of the small number of arriple returns on which it is based.
"' Data deleted to avoid dhsdoSure of information f0r.Wific corporations. Deleted data are included in the appropriate totals.
Less than $500 per return.
Also includes adjustments to income tax and to total tax which are not shown separately.
Also includes qualified electric vehicle credit which is not shown separately.
NOTE: Detail may not add to total b!c..36 of rounding. See text for -Explination of Terms" and "Descripgon of the Sample and Limitations of the Data."

144
Section 5 Explanation of. Terms

he following explanations include definitions and Advertising

T limitations of terms used, and adjustments made
in preparing the statistics. These explanations
Advertising expenses were allowed as a deduction
under Code section ~63(b), if they were ordinary and
are designed to aid the user in interpreting the statistical necessary and bore a reasonable relationship to the trade
content of this report and should not be construed as or business of the corporation. The amount shown in the
interpretations of the Internal Revenue Code or policies. statistics included advertising identified as part of the
Code sections cited were those in effect for the Income cost of sales and operations, or capitalized under section
Years of the report. Whenever a year is cited, it refers to 263A, as well as advertising reported separately as a
the calendar year, unless otherwise stated. business deduction. The statistics included combined
amounts reported as advertising and promotion and
The instructions for the tax forms in section 6 provide advertising and publicity. For corporations whose princi-
additional information about many items. Finally,
pal business activity was: the printing and publishing of
definitions marked with the symbol (*) have been modi- newspapers and periodicals; radio and television
fied from prior year reports to reflect processing or tax broadcasting; telephone, telegraph, or other communica-
law changes as well as clarifications of the explanations. tion services, the statistics did not include advertising
expenses incurred in the preparation of customers'
Accounting Periods publicity. If identified, these amounts were treated as
Among the several classifications used in this report, part of the cost of sales and operations.
tax return data are classified according to the accounting
periods used by corporations. For a detailed discussion For all 1120-A corporations, advertising identified in
of this classification, see Time Period Employed in Other Deductions or attached schedules was included in
Section 1, Introduction. the statistics for advertising.

Accounts and Notes Payable Alcohol Fuel Credit (*)

This item consisted of accounts payable and An income tax credit was available for alcohol (other
mortgages, notes, and bonds payable in less than one than alcohol produced from petroleum, natural gas, or
year. Each is described separately under its own heading coal) used as a fuel (whether partially or completely
below. Accounts and notes payable were presented in comprised of alcohol) in internal combustion engines. In
the statistics for tables 4 and 5. general, the alcohol fuel credit was the sum of the
alcohol mixture credit, the alcohol credit, and the small
Accounts Payable ethanol producer credit. The amount of the alcohol
Relatively short-term liabilities arising from the conduct mixture credit and the alcohol credit was 60 cents per
of trade or business which were not secured by gallon for alcohol of at least 190 proof and 45 cents per
promissory notes were generally included under this gallon for alcohol between 150 and 190 proof. No credit
heading. was available for alcohol of less than 150 proof. The
alcohol mixture credit was for alcohol utilized in the
For certain banking and savings and loan institutions production of a qualified mixture fuel used by the
reporting deposits and withdrawable shares in this producer or sold in trade or business. The small ethanol
account, prior-year Corporation Source Book ratios were producer credit was for an ethanol producer in the
used to move amounts to Other Current Liabilities. In amount of 10 cents up to 15 million gallons per year.
1991, the use of prior-year ratios to move amounts from
Accounts Payable to Other Current Liabilities was not The Windfall Profit Tax Act of 1980 contained provi-
employed. Prior to 1991, for those certain banking and sions for the alcohol fuel credit. The credit was generally
savings and loan institutions, prior-year Corporation available for alcohol sold or used after September 30,
Source Book ratios were used to move amounts to Other 1980, and before January 1,1993. The Revenue
Current Liabilities. Thus, due to the change in statistical Reconciliation Act of 1990 extended the alcohol fuel
treatment, Accounts Payable for 1991 tends to be credit through December 31, 2000 but the credit may be
overstated while Other Current Liabilities for 1991 tends subject to an earlier termination. The Energy Policy Act
to be understated compared to pre- 1991 and 1992 data. of 1992 extended the partial excise tax exemption for

145
 Corporation Returns/1993 - Explanation of Terms,

gasoline that was mixed with alcohol to include blends items could either increase or decrease the income
that contain lets than 10 percent alcohol. This change subject to regular tax. The adjustments reflected the
was effective for gasoline removed after December 31, difference in treatment of certain items under the regular
1992. tax system versus the treatment under the AMT system.
The accelerated aspect of specific inco iie,tax,Jtems
The credit was claimed as one of the components of under the regular system were adjusted 'and- the same
the general business credit. For a discussion of the items were adjusted to satisfy the intent of the AMT
income tax limitations and carryback and carryforward system. The AMT adjustment was the difference
provisions of the credit, se6 General Business Credit, in between the two systems for eac.h item. Theadju,stment
this section. The alcohol fuel credit was included (as a items included:
component) in the general business credit shown in the
tables. The components of the general business credit (1), Depreciation of tangible property placed in ser-
were shown separately in Table 21. vice after 1986;
(2) Amortization of certified pollution control facili-
Allowance for Bad Debts ties placed in service after 1986;
Most corporations identified on their balance sheet the (3) Amortization of mining exploration and devel-
allowance or reserve set aside to cover uncollectible or opment costs paid or incurred after 1986;.
doubtful notes, accounts, and loans as an adjustment to (4) Amortization of circulation expenses of personal
notes and accounts receivable. A few corporations, holding companies only;
however, reported only net receivables, and thus did not (5) Basis adjustment in determining gain or loss from.
show their allowance for bad debts. The statistics for sale or exchange of property;
both the'allowance and the gross amount of Notes and (6) Long term contracts entered into after February,,
Accounts Receivable were understated by these 28, 1986;
unidentified amounts. Additionally, the allowance was (7) Installment sales of certain property;
not available from balance sheets of tax returns filed by (8) Merchant marine,capital construction funds;'
life and certain mutual insurance companies
, for prior (9) IRC section 883(b) deduction;
years. However, beginning with Tax Year 1987, data for (10) Tax shelter farm activities of personal service
these accounts became available from income tax returns. corporations only;"
filed by certain nonlife mutual insurance companies, as (11) Passive activities;
well as for certain stock insurance companies which filed (12) Certain loss limitations; and
on a Form 11 20-PC. On the other hand, the statistics for. (13) * Other adjustments.
both accounts continue to be understated by the amounts
unidentified for life insurance companies. Tax preference items were then added to the income
base of the alternative minimum.tax. These tax items
Since corporation tax return balance sheets did not typically express more permanent differences betwee~
provide for the separate reporting of reserves for. the regular tax system and the AMT system. Tax
uncollectible mortgage and real estate I oans, many banks preference items added to the income base of the alterna-
and savings and loan associations may have included tive minimum tax included:
such reserves in the allowance for bad debts. If, on the
other hand, these reserves were reported in supporting (1) Depletion;
schedules, they were later added to the allowance -for (2) Tax-exempt interest from private activity bonds
bad debts during statistical processing. However, in issued after August 7, 1986;
some cases, the supporting schedules were not attached (3) Appreciated property charitable deduction;
to the return and the amount may be understated. W Intangible drilling costs;
(5) Reserves for losses on bad debts of financial
institutions;
AlternatiVe Minimum Tax (*) (6) Accelerated depreciation of real property placed,
The alternative minimum tax was designed to ensur e in service before 1981; and
that no taxpayer with substantial economic income could* (7) Accelerated depreciation of leased personal prop-
avoid significant tax liability through a legitimate use of erty placed in service before 1987 (personal
exclusions, deductions, and credits. 'The computation of holding companies only).
the alternative minimum tax addressed both these
concerns through the treatment of adjustment items, tax I
Finally, the "ACE adjustment after excess" was added
preference items, and adjusted current earnings. to the income base. The "excess" (if any) is the
corporation's total increase in alternative minimum
To compute- the alternative minimum tax (AMT), taxable income (AMTI) from prior year ACE adjustment
adjustments were made to the income subject to regular
over its total reductions in AMTI from prior ACE
tax (before the net operating loss deduction). Adjustment adjustments. This "ACE adjustment after excess" is

146
 Corporation Returns/1993 - Explanation of Terms

designed to recapture overall tax savings enjoyed by expenditures to remove architectural and
corporations with considerable earnings but relatively transportation barriers to the handicapped and
little taxes. Thus, the income subject to regular tax elderly (Code section 190)
before NOLD reconciled by the adjustment items, tax
preference items, and the adjusted current earnings (ACE) - organizational expenditures of corporations (Code
adjustment became the alternative minimum taxable section 248)
income, or AMTL AMTI could then be reduced by the
alternative tax NOLD, but not by more than 90 percent. optional write-off of certain tax preferences over a
The AMTI could be further reduced by an adjustment specified period (Code section 59(e))
based on energy preferences and an exemption amount;
the maximum exemption was $40,000. No exemption pollution control facilities (Code section 169 limited
applied when the alternative minimum taxable income by Code section 291)
exceeded $310,000.
- qualified forestation and reforestation expenditures
The tentative minimum tax was determined by apply- (Code section 194)
ing a 20 percent rate of tax to the alternative minimum
taxable income after the reduction for the alternative tax - research and experimental expenditures (Code
NOLD, the energy preferences adjustment and the income section 174).
exemption. The tentative minimum tax could be reduced
by an AMT foreign tax credit and carryover of unused The amounts shown in the statistics included any
investment credits. The foreign tax credit was computed identifiable amortization (as described above) reported as
under the AMT system and could not become part of that part of the cost of sales and operations or in the schedule
credit allowed under the regular tax system. Up to 25 in support of depreciation as described below.
percent of the tentative minimum tax remaining after the Amortization was reported separately on Form 4562,
AMT foreign tax credit could be reduced by the carryover Depreciation and Amortization, and not on a separate line
of investment tax credits. of the income statement of the tax return. Corporations
were required to report Amortization on 'Form 4562,
- The amount by which the remaining tentative minimum Depreciation & Amortization if there was property placed
tax exceeded the regular tax after reduction by the into service during the current year. The amount of
foreign tax credit (under the regular system) and the amortization was also reported in Other Deductions.
possessions tax credit was the alternative minimum tax. However, when amortization was shown separately for
the statistics, the amount 'was excluded from Other
An adjustment based on energy preferences was re- Deductions. Because some corporations may not have
pealed for tax years beginning after December 31, 1992. identified amortization separately in the supporting
schedules for other deductions, the statistics for
Amortization may be understated and Other Deductions
Amortization (*) may be overstated by the same amounts.
Amortization was a deduction for recovery of certain
expenditures over a certain period of time in a manner
All deduction amounts identified as amortization by the
similar to straight-line depreciation. Typically, the period
taxpayer were included in amortization with the following
of time over which the expenditure was written off was
exceptions: (1) when the property appeared to actually
much shorter than if depreciation had been used; de-
be depreciable rather than amortizable property, and (2)
pending on the specific provision of the law, the period of
when the amortization was for intangible drilling costs,
time often was only 5 years, except for certain Section
which was included in Other Deductions in the statistics.
197 computer software costs which were amortized over
See also "Alternative Minimum Tax."
15 years. The following types of amortization, applicable
to the statistics in this report, were specifically
mentioned in the Code as allowable deductions: Bad Debts
Bad debts occurring during the year, or a reasonable
- bond premiums (Code section 171) addition to-an allowance or reserve for bad debts, were
allowable as a deduction under Code sections 166 and
- certain business startup expenditures (Code section 585, respectively. Included in the statistics were
195) amounts such as bad check losses, worthless govern-
ment or corporate bonds, notes for commercial and mutu-
- certain computer software costs (Code section 197 al banks and for bank holding companies, writeoffs, net
intangibles acquired after August 10, 1993) loss from agents or premiums from other insurance
companies, and uncollectible railway revenue.
- the cost of acquiring, a lease (Code section 178)

147
 . Corporation Returns/1993 - Explanation of Terms

Commercial banks, mutual savings banks, savings and An alternative to recapturing the reserve was available
loan associations, small business investment companies to a large bank in the disqualification year. An election
and other financial institutions were historically permitted could be made in the disqualification year to use a cut-off
to take a deduction for a reasonable addition to their bad method of accounting for the reserve for bad debts.
debt balance which was far greater than that allowed Members of a consolidated group could not make the
other businesses. Unlike other businesses, which could election independently. Each bank, included in a
deduct additions to their reserves only to * the extent consolidated income tax return, was obligated by the
justified by their actual loss experience, these financial election (if made) by the consolidated group. As defined
institutions were able to increase their reserves based on under Code section 585(c)(4), a bank using this method
percentages of outstanding loans. However, certain could maintain its reserve for bad debts but charge any
restriction's' to bring these institutions in line with other losses resulting from loans held by the bank against the
businesses were introduced in 1969. reserve. No deduction would be allowed for additions to
the reserve account.
For commercial banks, the deductible additions to the
reserves decreased in three transitional steps. The An option for computing the deduction for bad debts
decrease was achieved over a period of years through a was available to mutual savings banks, domestic building
decline in allowable percentages of eligible outstanding and loans associations, cooperative banks and certain
loans. By 1983, the allowable percentage had been stock associations. Under the tax reforms of 1986, those
reduced to 0.6 percent. For small business investment organizations, which met certain asset qualifications,
companies, deductions for additions to the reserVes, could continue to use the reserve method. However,
using an industry average as the norm, were permitted they could only deduct a maximum of 0.6 percent of an
during the first 10 years of a company's existence. adjusted taxable income, provided it did not increase the
Thereafter, additions to the reserves. had to be based on reserve beyond 0.6 percent of the qualifying outstanding
a corporation's own experience. loans. For this purpose, taxable income was before the
deduction for the bad debt reserve as specified under,
The reserve method of computing the deduction for Code section 593(b)(2). Amounts of recovered bad debts
bad debts was repealed for large banks and for small reported by corporations which deducted actual bad
business investment companies by the Tax ReformAct of debts and the recapture of bad debt reserve accounts
1986. Thereafter, the deduction was to be based-on were included in the statistics for Other Receipts.
actual losses for the current and 5 preceding years, using
the specific charge-off -method, the same as for other
I Branch Tax of Foreign Corporations
businesses. The U.S. earnings and profits of a foreign corporation
became subject to a branch profits tax without consid-
A bank was treated as a large bank, for any taxable eration for the ratio of U.S. income to the total income
year beginning after December 31, 1986, if the average of the foreign corporation, for tax years beginning after
adjusted basis of all assets of the bank (or any controlled December 31, 1986. A 30 percent rate of tax was
group, as defined under Code section 1563(c)(1), of imposed on the earnings and profits as well as the
which the bank was a member) exceeded $500'million. interest paid by or to a foreign corporation from its trade
The average adjusted basis was to be determined or business activities conducted in the, United States, that
quarterly. Large banks were required to recapture th e were not reinvested in a U.S. trade or business by the
balance of their bad debt reserves over a period of four close of the tax year or were divested in a later tax year.
taxable years, beginning with the year of disqualification. The provisions under' Code section 884 were introduced
The year of disqualification was the first taxable year to lessen the disparity of U.S. taxation between U.S.
after December 31, 1986 for which the bank was corporations owned by foreign persons and , foreign
considered to be a large bank. A bank could suspend the corporations doing business through their own
recaptdre-of its reserves for any year in which it was a unincorporated branches in the United States. .
financially troubled bank, as defined under Code section
5 8 5 (c) (3) (B). This provision of U.S. tax laws also required coordina-
tion.with income tax treaties between the United States
Specific rules governing the recapture of the bad debt and foreign countries. Under tax treaties the tax rates
reserve were provided. In the disqualification year, at could be lower than the 30 percent tax rate imposed by
least 10 percent of the balance in the reserve:for bad U.S. tax laws. The rate of tax varied based on the treaty
debts was to be included in income. The remaining conditions with the country in which the foreign corpora-
balance was to be recaptured at prescribed rates over tion was a resident.
three taxable years. A bank could elect to recapture
more than 10 percent of the reserve in the disqUalifica- The branch profits tax was imposed on the dividend
tion year. If that election were made, different rates of equivalent amount or the earnings and profits of a U.S.
recapture were prescribed. branch 'of a foreign corporation that was attributable to

148
 Corporation Retur ns/1993 - Explanation of Terms

its income effectively connected (or treated as effectively such as docks, warehouses, and pipelines; and
connected under Code section 897) with a U.S. trade companies engaged in rental services, such as providing
or business. The effectively connected earnings and lodging places and the rental of automobiles or clothing.
profits were adjusted to identify changes in a branch's In the finance, insurance, and real estate industries,
U.S. net equity under two circumstances: (1) to reflect business receipts included such banking items as fees,
any reinvestment of the branch's earnings in assets in the commissions, trust department earnings, exchange
U.S. trade or business (or reduce liabilities in the U.S. collections, discounts, and service charges. Some
trade or business); and (2) to reflect any prior reinvested companies reported these items on attached schedules as
earnings that were considered remitted to the home other income, not as business receipts. For such
office of the foreign corporation. companies, the items were included in the statistics for
business receipts, not for other receipts. Condominium
Certain earnings and profits attributable to income management fees, maintenance income and membership
effectively connected with a U.S. trade or business were assessments reported by condominium management and
exempt from the branch profits tax. The tax exempt cooperative housing associations were also included in
earnings included: (1) certain earnings of a foreign sales business receipts.
corporation as described in Code sections 921 (d) and
926(b); (2) earnings of foreign transportation carriers Since interest was the principal operating income of
(such as ships and aircraft) that were exempt from U.S. banking and savings institutions, interest was included in
tax by reciprocal exemption; (3) earnings derived from the statistics for Interest and excluded from business
the sale of any interest in U.S. real property holding receipts. Interest could be included in the statistics for
corporations; (4) interest income derived by a possession business receipts within the finance industries, but only
bank from U.S. obligations as described in Code section if it was not separately identified on the tax returns.
882(e); (5) earnings derived by certain insurance compa- Some banking institutions reported business receipts from
nies which elected to have income treated as effectively the sale of Federal funds and included the purchase price
connected income; and (6) income of foreign of those funds as part of cost of sales and operations.
governments and international organizations exempt For those companies, business receipts were reduced by
under Code section 892. the purchase price of those funds and the purchase price
was excluded from Cost of Sales and Operations.
The branch tax was the sum of the tax imposed on the
earnings and profits and interest payments of the foreign Regulated Investment Companies and Real Estate
corporation. The branch tax was reported on the Form Investment Trusts do not report business receipts. Also
11 20-F U.S. Income Tax Return of a Foreign Corporation. in the finance, insurance, and real estate industries,
The tax was included in Total Income Tax in the premium income of most insurance companies was
statistics. It was also shown separately in the statistics included in business receipts. However, certain nonlife
.
for foreign corporations with U.S. business operations in insurance comp anies could elect to be taxed on their
Tables 10, 11 and 20 of this report. The components of investment income only, if their net written premiums or
Branch Profits Tax (Part 1) are also included separately in direct written premiums (whichever was greater)
the statistics. exceeded $350,000 but not over $1,200,000. Under this
election the premium income was not reported. Conse-
Business Receipts quently, total business receipts for insurance carriers
Business receipts were, in general, the gross operating could be slightly understated.
receipts of the corporation reduced by the cost of
returned goods and allowances. Some corporations In addition to the income types described above which
treated sales taxes and excise and related taxes, which were uniquely treated by law, by the tax return, or for the
were included in the sales price of their products, as part statistics, there were certain other kinds of income from
of their gross receipts from sales; others reported their sales and operations that were not reflected in business
receipts after adjustment for these taxes. In any case, receipts. In general, this income was included as part of
the statistics reflected receipts, as reported by the the much broader category, sales of property used in
taxpayers. trade or business. For additional information about this
income see also "Net Gain (or Loss), Noncapital Assets"
Business receipts included rents reported as a principal and "Net Capital Gains."
business income by real estate operators as well as by
certain types of manufacturing, public utility, wholesale Calendar Year Returns
trade, retail trade and service corporations. The latter Calendar year returns were those filed for the
corporations included manufacturers that frequently 1 2-month period beginning in January and ending in
rented rather than sold products, such as automatic data December. Most of the larger corporations filed returns
processing equipment; lessors of public utility facilities, for a calendar year period. Figure B in Section 1 shows

149
 Corporation R'eturns/1993 Explanation of Terms

the percentage of returns filed for each of the accounting did not consolidate- with qualified REIT subsidiaries; (3)
'periods covered in this report. corporations for which an election to be treated as a
possessions corporation under Code section 936(e) was
Capital Stock in effect; and (4) corporations designated tax-exempt
This end-of-year balance sheet equity item included under Code section 501.
amounts shown for outstanding shares of both common
and preferred stock.' Under Code section 1 504(c), corporations could elect
to include theie
' dom estic insurance 'companies in con-
Cash solidated'tax~return's. There could be three separate
components of this type of consolidated reiurn:
This balance sheet asset item included the amount of
actual money or instruments and claims which were (a) noninsurance companies;
usable and acceptable as money on hand at the end of (b) life, insurance companies; and
the taxable year.
(c) property and casualty insurance companies.
Cash, U.S. Government Obligations, Tax- A consolidated return, filed by the common parent
Exempt Securities, and Other Current Assets company, was treated as a unit, each statistical classifi-
These items are shown in Tables 4 and 5 and consists cation being determined on the basis of the combined
of cash, U.S. Government obligations, tax-exempt data of the affiliated group. Therefore, filing changes to
securities, and other current assets. Each is described or from a consolidated return b6sis affect year-to-year
separately under its own heading in.this section. comparability of certain statistics (such as data classified
by industry and size of total assets).
Compensation of Officers
Salaries, wages,, 'stock bonuses, bonds, and other Constructive. Taxable Income from Related
forms of compensation were included in this deductiom Foreign Corporations (*)
item if they were identified as having been' paid to This item represented the sum of,(1) includable income
officers for personal services rendered. Contributions to from Controlled Foreign Corporations and (2) foreign
a 401 (k) plan or a salary reduction (SEP) agreement were dividend gross-up. - Includable income represents the
included in the statistics for Pension, Profit Sharing (etc.) income of foreign corporations that is taxable to the U.S.
Plans. Understatement was possible to the extent parent corporation, regardless of whether or not it is
compensation was reported as part of another deduction actually received. Foreign dividend gross-up is an amount
item (such as an overall employee ' compensation figure) of income, ta.xable to the U.S. parent, that equals the
and, if not clearly identified, was included in the statistics foreign tax deemed paid based upon both. foreign
for Cost of Sales and Operations or Other Deductions. dividends received and includable -income from foreign-
Directors fees reported elsewhere by the Corporation corporation s.. For most purposes, a foreign corporation
were not included in these statistics. I
was considered
" controlled if more than 50 perc ent of its
voting stock was controlled by U.S. -persons, including
Consolidated Returns domestic corporations, each of whom owned at least 10
Consolidated returns were income tax returns which percent of its voting stock.
contained the combined financial data of two or more
corporations meeting the following requirements: (1) a Includable Income
common parent corporation owned at least 80 percent of The earnings and profits of a Contro lied Foreign
the voting power of 611 classes of stock and at least 80 Corporation (CFQ became subject to U.S. taxation, prior
percent of each class of nonvoting. stock (except stock to the Subpart F provisions, only when the income was
which was limited and preferred as to dividends) of at actually distributed to the U.S. shareholders or repatriated
least one member of the group;''and (2) these same to the United States., In many cases, those earnings and
proportions of stock of each other member of the group profits were not distributed to the shareholders, unlike
were owned within the group. the earnings. and profits of domestic corporations.
Becaus'e 'the earnings were being held undistributed
Corporations electing to file consolidated returns in one outside the United States, the income from CFC's was
year had to file consolidated returns in s ubsequent years, not subject.to U.S. tax.
with certain exceptions. The consolidated -filing privilege
could be granted to all affiliated domestic corporations The Subpart F provisions, instituted under, Code
connected through stock ownership with a common section 952, drew certain earnings and profits of CFC's
parent corporation 'except: (1) regulated investment under the umbrella of- U.S. taxation. The provisions
companies; (2) real estate investment trusts (REITs) who required that the worldwide
' ' gross income
' of. U.S.
" corpo-
rations include a"portion'of the undistributed earnings and

150
 Corporation Returns/1993 - Explanation of Terms

profits from their CFC'S. Thus, the income of CFC's (d) "foreign base company shipping income" -
became subject to U.S. tax through deemed distributions in general, income derived from the use of
to the U.S. shareholders. aircraft or vessels in foreign commerce or
income from the performance of services
The deemed distributions represented foreign income, directly related to the use or sale of any
that while not actually received by U.S. shareholders, such aircraft or vessels; and
was to be included in income subject to U.S. tax (i.e.
includable income from Controlled Foreign Corporations). (e) "foreign base company oil-related income" -
The includable income consisted of: in general, this was income from the
non-extraction business activities, related to
(1) Subpart F income, defined below; foreign oil or gas, which were conducted
(2) any previously excluded Subpart F income which outside the foreign country where the oil or
had been invested in qualified assets in less gas was extracted. The non-extraction
developed countries, and which was either with- business activities of the foreign corpora-
drawn from those countries or repatriated to the tion included processing, transporting,
U.S. shareholders and therefore became taxable; distributing, and selling oil or gas and
(3) any previously excluded Subpart F income which derived products for use or consumption
had been withdrawn from foreign base company outside the foreign country in which the oil
shipping operations; or gas was extracted. Also, income from
(4) any increase in Controlled Foreign Corporation the sale of assets used in the non-extrac-
earnings due to investment in U.S. property; and tion business activities were included in the
(5) factoring income, or income that arises from the oil-related income.
sale or transfer of a receivable.
(3) income from participation in international boy-
Subpart F income, defined in Code section 952, cotts not sanctioned by the United States;
included:
(4) illegal bribes, kickbacks, or other payments to a
(1) income from premiums for insurance issued by government official; and
foreign companies which were Controlled Foreign
Corporations when the insurance was issued (5) income derived from any foreign country during
outside the country of incorporation of the CFC any period for which a foreign tax credit would
(as determined under Code section 953); be denied for taxes paid to those countries, as
described in Code section 901 (j), (i.e. a govern-
(2) foreign base company income, which included: ment which was not recognized by the United
States, with which the United States severed or
(a) "foreign personal holding company income" did not conduct diplomatic relations or which
- income derived from portfolio investments provided support for international terrorism.
or from passive investments;
Foreign Dividend Gross-Up
(b) "foreign base company sales income"- Foreign dividend gross-up was constructive taxable
generally, sales income from personal income to corporations which claimed a foreign tax
property which was purchased or sold in a credit. A U.S. corporation could claim a foreign tax credit
transaction involving a related corporation for a share of the foreign taxes actually paid by its related
and: foreign corporations, including its Controlled Foreign
Corporations. The U.S. corporation's share of the total
1 produced outside the country of incor- foreign taxes was proportionate to the ratio of the
poration of the CFC, and dividend received (actual or constructive) to the total
earnings and profits of the related foreign corporation.
2 used outside the country of incorporation The foreign taxes were treated as deemed paid by the
of the CFC; U.S. corporation. In order to receive credit against U.S.
tax, the foreign taxes deemed paid needed to be included
(c) "foreign base company services income" - in the corporation's worldwide income as well. They
in general, income from services performed were included in income as an increase to foreign divi-
or furnished for a related person, which dends; a dividend gross-up. The dividend gross-up was
included corporations, outside the country the equivalent amount of the foreign taxes deemed paid
of incorporation of the Controlled Foreign by the U.S. corporation.
Corporation, but with certain exceptions;

151
 Corporation Returns/1993- Explanation Of Terrris

Constructive Taxable Income institution of higher education under Code section 170(e).
Foreign dividend gross-up, resulting from foreign taxes
deemed paid, and includable income from Controlled Charitable contributions over the 10 percent limitation
Foreign Corporations Were combined and presented in the could be -carried forward to the next 5 tax years;
statistics as Constructive Taxable Income -f rom Related however, the carryover was not allowed if it increased a
Foreign Corporations. The components.were presented net operating loss carryover.
separately in Table 20. Neither includable income from
Controlled Foreign Corporations nor foreign dividend The amount shown in the statistics included
gross-up were included in the statistics for Total contributions identified as part of cost and sales and
Receipts. operations or capitalized under section 263A, as well as
contributions -reported as a business deduction.
The statistics for Constructive Taxable Income from
Related Foreign Corporations reflected variation in Charitable contributions paid by S corporations were
taxpayer reporting in certain cases. Some -corporations directly passed through to the shareholders, rather than
reported foreign dividends received as includable income indirectly 'as a business deduction. S corporations,
from Controlled Foreign Corporations, while others Regulated Investment Companies and Real Estate
reported includable income from Controlled Foreign Investment Trusts do not report contributions.
Corporations as foreign dividends received. Also,, some
corporations reported dividend gross-up for foreign taxes Cost'of Sales and Operations
deemed ' paid as foreign dividends received, while others .. Cost of sales and operations generally consisted of the
reported foreign dividends received as dividend gross:-uo. direct costs indurred by the corporation in 'producing
Still others incorrectly reported dividend. gross-up for goods or providing services. Included were costs of
foreign taxes paid directly by the U.S. corporat ion. All
mate.rials used . in manufacturing; costs of goods
foreign dividends were reported on the dividends 'received purchased for resale,` direct labor; and certain overhead
schedule of the U.S. income tax return,' including actual expenses, such ~s r6nCl utilities, supplies, maintenance,
and constructive receipts.
and repairs. The valuation methods the corporation used
to value its inventories consisted of:
The statistics could have reflected these variations in
.
taxpayer reporting, to the extent tha t the specific nature (1) cost;
of the dividend was not identified on supporting (2) cost or market value (whichever was lower); or
schedules attached to, the U.S. income tax return. I (3) any. other method that wa,s approved by the
However, when specifically'identified'elsdwhere o n the t
Commissioner of Internal Revenue.
return, the amounts were included i n the statistics for the
type of foreign dividend, as specifically identified, rather' Many items that were allowable'deductions prior to the
than for the items as reported on the dividends received 1986
, tax reforms ~were required to be capitalized or
schedule. included in inventory under the I.R. Code. Uniform
capitalization rules of Code section 263A resulted from
Contributions or Gifts the 1986ttax reforms and were~generally effective for
Contributions or gifts to charitable, religious, educa- taxable years beginnin g after December 31, 1986. With
tional, and similar organizations were deductible under respect to inventory, some of the indirect costs which
Code sections 170(c). In general, the deductioni was were required to be capitalized included such items as:
limited to 10 percent of taxable income computed with-,, administration expenses; taxes;'depreciatiori; insurance
out regard to: costs, compensation paid to officers attributable to
services;' rework labor; and contributions to pension,
(1) the deduction for contributions; - . stock bonus,* and certain, profit sharing, annuity, or-
(2) special deductions for dividends received and for deferred compensation plans. Corporations which were
dividends paid on certain preferred stock of subject to the rules were required to capitalize direct
public utilities; costs and an allocable portion of most indirect costs that
(3) a.ny net operating loss,carryback under Code. related to the assets produced or acquired
' for resale.
section 172; and Special rules were provided for the capitalization of.
(4) any capital loss carryback to the tax year under interest expense paid or incurred in the course of
Code section 1 21 2(a)(1),- production. The uniform capitalization rules also applied
to the production of property constructed or improved for
Also, certain additional. adjustments we-re.required in use,in a trade or business or in an activity engaged in for
the case of life insurance companies. A.corp6ration prof it. Corporations were required to revalue their
except a Personal Holding Company or a- service beginning inventory to -reflect the costs under Code
organization could receive a larger deduction for' section 263A, which were not previously included in
contributing scientific property used for research to an inventory.

152
 Corporation Returns/1993 - Explanation of Terms

The rules did not apply to personal property acquired (3) fuel not used for taxable purposes (Code section
for resale for corporations with annual average gross 6427); such as, on the sale of fuel when tax has
gross receipts of $10,000,000 or less; to timber; to been imposed under section 4041 (a) or (e) and.
property produced under a long-term contract. Special the purchaser uses such fuel other than for the
rules were provided for farmers. use for which sold, or resells such fuel.

Sales taxes and excise and related taxes may have It was also used to claim the credit for purchase of
been reported in cost of goods sold schedules when qualified diesel-powered highway vehicles.
corporations treated these taxes as part of the sales price
of products. When taxes were identified in cost of goods These taxes could be applied as a credit against
sold schedules, they were added to the statistics for the income tax liability or could have been, under certain
separate deduction for Taxes Paid. Similarly, expenses conditions, refunded directly.
for advertising, amortization, bad debts, compensation of
officers, contributions to charitable organizations, Credit for Tax Paid by Regulated Investment
contributions to employee benefit programs, contributions
Companies (*)
to pension plans, depletion, depreciation, intangible
For tax years beginning on or after January 1, 1993,
drilling costs, interest, and rent of buildings or real estate,
the tax rate for undistributed capital gains designated
were transferred to their respective deduction categories
under section 852(b)(3)(D) increased from 34 percent to
when identified on attachments for cost of goods sold.
35 percent. Regulated investment companies were
required to pay tax on amounts of undistributed net
For companies engaged in manufacturing or trade
long-term capital gain less net short-term capital loss.
activities, if gross receipts were reported a cost of sales
Stockholder corporations, for their part, were required to
or operations was imputed if not reported. The cost was
include in the computation of their long-term capital gains
imputed using attachments for "Other Deductions". For
any such gains designated by the parent as undistributed
other nonfinance industries, a cost was imputed only for
dividends. The stockholder corporations were then
companies which reported gross receipts and included
deemed to have paid the tax on the undistributed
inventories on the balance sheet. Prior to 1992 a cost
long-term capital gain dividends and were allowed a
was imputed for all nonfinance companies which reported
credit (or a refund) for the tax they were deemed to have
gross receipts but no cost of sales or operations. See
paid. It was this credit which comprised this item.
also "Business Receipts."

Credit to 1994 Estimated Tax (*)

Cost of Treasury Stock This was the amount of the taxpayer's overpayment
This item was the total value of issued common or
designated to be applied to his estimated tax for the
preferred stock which had been reacquired and was held
1994 Tax Year.
at the end of the accounting year by issuing corporations.
The stock, which was available again for resale or
cancellation, may have been purchased by the Deficit
corporation or acquired through donation or as settlement See "Net Income (or Deficit)."
of a debt. Treasury stock was not a part of capital stock
outstanding and did not include unissued capital stock. Depletable Assets
Depletable assets represented, in general, the gross
The amounts shown may be somewhat understated. end-of-year value of mineral property, oil and gas wells,
Treasury stock intended for resale may have been other natural deposits, standing timber, intangible
reported as an asset on some tax returns and, if not development and drilling costs capitalized, and leases and
clearly identified as for resale, would have been included leaseholds, each subject to depletion. Accumulated
in the statistics for Other Investments. When identified, depletion represented the cumulative adjustment to these
though, such stock was included in the statistics for Cost assets shown on the corporation's books of account. In
of Treasury Stock. some instances, depletable assets may have been
included with Depreciable Assets, or may have been
Credit for Federal Tax on Fuels reported as land or as Other Investments by the taxpayer,
Code section 34 allowed a credit in full or in stated and could not be identified for this report.
amounts for excise taxes on:
The value of depletable assets and accumulated
(1) gasoline used on farms for farming purposes depletion may not be closely related to the current year
(Code section 6420); depletion deduction. The depletable assets and
(2) gasoline used for nonhighway purposes or by accumulated depletion balance sheet accounts reflected
local transit systems (Code section 6421); and

153
 Corporation Returns/1993 - Explanation of Terms

book values; the depletion reflected the amount claimed Deductions or an attached schedule is included in these
for tax purposes. statistics.

Depletion Regulated Investment Companies and Real Estate

This deduction was allowed for the exhaustion of Investment Trusts do not report depletion: See also
mines, oil and gas wells, other natural deposits and .,Alternative Minimum Tax."
timber. For standing timber, depletion was computed on
the basis of cost. In the case of natural deposits, the Depreciable Assets -
depletion was computed either on the basis of cost or Depreciable assets, reported on the corporation's
upon a fixed percentage of the gross income, less rents end-of-year balance sheet, consisted of tangible property
and royalties, from the depletable property. (such as buildings and equipment) which was used in the
trade or business or held for the production of income and
Generally, for gas and oil wells the gross income was which had a useful life of one year or more. The
the actual sales price, or representative market or field statistics for this item,could include fully depreciated
price if the gas or oil were later converted or assets still in use and partially completed assets for
manufactured prior to sale. For other natural deposits, which no deduction was allowed, when the corporation
gross income was defined to include income from mining reported them as depreciable in its balance sheet. The
or extraction and certain treatment processes as well. statistics for depreciable assets exclude those intangible
Additionally, exploration expenditures, previously assets which were depreciable or amortizable only for tax
deducted, were required under provisions of Code section purposes. - Such assets, patents and copyrights for
617, to be recaptured or included in income when the example, were includable in Intangible Assets. The
mine reached the production stage. Under elective amounts shown as accumulated depreciation represent
provisions of the Code, exploration and development the portion of the assets that.were written off in the
expenditures connected with certain domestic natural current year, as well as in prior years. In general,
deposits
. (except gas and oil) could be
. deducted
currently, depreciable assets were the gross amounts before
tre ated as deferred expenses, or capitalized. 'The adjustments for depreciation or amortization charged in
write-offs of deferred amounts were not included in the current and prior,years. Some corporations, however,
statistics as part of depletion. Excluded in the statistics reported-only the net amount of depreciable assets after
were, amounts of. depletion shown'by the corporation as adjusting for these depreciation or amortization charges.
a deduction in computing net gain or loss from sale of Certain insurance companies were included among the
depletion assets, except timber, under Code section corporations which reported only a net amount of I
631 (a). depreciable assets. Life insurance companies and some
property and casualty insurance companies reported their
Percentage depletion, though based on percentages of balance sheet information in the format required by State'
gross income from depletable property, Was limited. insurance regulations. This format usually provided for
Generally, it could not exceed 50 percent, of the taxable the reporting of only net depreciable assets and only the
income from the property computed without the depletion home and branch office buildings and equipment we re
deduction* Percentage rates of gross income for each included. Other real estate- holdings of these corporations
'
type of natural deposit were listed in Code section 613 were reported as other investments.
and ranged from 5 to 25 percent. Percentage depletion
could not generally be used for oil and gas wells, except Generally, the value of depreciable assets and
for certain small producers as defined under Code section accumulated depreciation were not closely related to the
613A. As explained under Net capital gains, the cutting current-year depreciation deduction. The depreciable
of timber was eligible for net long term capital gain assets and accumulated depreciation balance sheet
treatment under Code section 1231. If timber depletion accounts reflected book values; the depreciation
was us6d in the computation of gain (or lossi, it could'not deduction reflected the amount claimed in the current
'be identified for the statistics. Because of taxpayer year for tax purposes.
reporting variations involving the computation of gain or
loss'' or of gross receipts from sales (and the cost of sales Depreciation (*)
.
and operations or depletion deduction), the depletion The *Modified Accelerated Cost Recovery System,,-
statistics may be incomplete for industries in which sale s (MACRS) was used to depreciate any tangible property
of cut timber or of lumber or wood products are a major placed into service after 1986. It consisted of property
source of income. The amounts shown in the statistics utilizing the General Depreciation System (GDS) and the
included any identifiable depletion reported as part of the Alternative Depreciation System (ADS), as well as
cost of sales and operations or capitalized under section expensed property. Section 179 property was property
263A. Amortization of Intangible Drilling Costs is not that met certain conditions and therefore was expensed
.included in the statistics, but is -part of Other Deductions. in the. year the property was first utilized, instead of
For 11 20-A corporations depletion reported in Other

154
 Corporation Returns/1993 - Explanation of Terms

depreciated over several years. For 1993, the maximum not apply to nonresidential real property or residential
amount of allowable section 179 expense increased from rental property. For residential rental property the
$10,000 to $17,500. Beginning in 1993, a larger section prescribed method was straight-line over 27.5 years; and
179 expense deduction could be claimed by enterprise for non-residential real property the prescribed method
zone businesses, placing qualified property into service was straight-line over 31.5 years for property placed into
after 1993. In addition, only 50% of the cost of section service before May 13, 1993 and 39 years for property
179 property, that was also qualified zone property, was placed into service after May 12, 1993. The applicable
used when figuring the reduction in the maximum section convention was the mid-month convention which treated
179 expense deduction for an enterprise zone business. all property placed in service during any month as placed
If total cost for section 179 property was more than in service on the mid-point of such month.
$200,000, then the total expense deduction was to be
reduced by the amount by which the cost exceeded Instead of using the prescribed method, the Alternate
$200,000. Depreciation System (ADS), primarily requiring the
straight-line method, could be elected. The recovery
There were nine classes of recovery property under period for computing ADS was based on the class life: 12
MACRS using the General Depreciation System (GDS) or years for personal property with no class life, 40 years for
the Alternative Depreciation System (ADS) and reported nonresidential real property or residential rental, and the
on Form 4562, Depreciation & Amortization. They class life for all other property. The election to use the
included: 3-, 5-, 7-, 10-, 15-, 20- year property, straight-line method for a class of property applied to all
residential rental property, and nonresidential real property in that class that was placed in service during
property. Generally, the first six classifications were for the tax year of the election. Certain computer software
depreciable property, other than buildings while the which was acquired after August 10, 1993 and was not
last two were real property, or buildings. In addition, amortized over 15 years was allowed to be depreciated
there was a margin entry for 50-year property which using the straight line method over a 36-month period.
included railroad gradings and tunnel bores. The 3-year Also, the straight line method over 108 months was
class included tangible depreciable property with a class allowed for mortgage servicing rights acquired after
life of 4 years or less, 5-year property included property August 10, 1993. This method could be elected for
with a class life of more than 4 years, but less than 10 software and mortgage servicing rights acquired after
years. For example, computers or peripheral equipment July 25, 1991.
would be classified as 5-year property under GDS. The
7-year property had a class life of 10 years or more, but The taxpayer could also make an irrevocable election
less than 16 years; this class also included any property to use the 150 percent declining balance method for one
which did not have a class life and which had not been or more classes of property (except for residential rental,
designated by law as being in any other class. Office nonresidential real property or any tree or vine-bearing
furniture, for example, would be classified as 7-year fruit or nuts). If this election was made, then the
property under GDS. The property in the 10-year class recovery periods would follow the ADS system.
included property with a class life of 16 years or more,
but less than 20 years. The 1 5-year property had class There were five types of property that had to be
lives of 20 years or more, but less than 25 years; and the depreciated under ADS using the straight-line method:
20-year property included class lives of 25 years or more. (1) property used mainly outside the U.S., (2)
tax-exempt use property, (3) property financed by
The prescribed method for General Depreciation tax-exempt obligations, and (4) certain imported
System (GDS) property in the 3-, 5-, 7-, or 10- year class- property, and (5) any property used primarily in a farming
es was a method called 200 percent declining balance business and placed in service when a section 263A(d)(3)
over 3, 5, 7, or 10 years, switching to the straight-line election was made.
method for the first taxable year in which that method
resulted in a higher deduction. For property in the 15- or For all classes and methods, salvage value was treated
20- year class, the 150 percent declining balance method as zero.
over 15 or 20 years was prescribed. In both cases, a
half-year convention (half-year's depreciation for the first Taxpayers who used the MACRS depreciation rules
year in service, no matter when in the tax year the also had to recompute their depreciation for purposes of
property was acquired) had to be used. figuring their alternative minimum tax.

If more than 40 percent of the total cost or other basis Disabled Access Credit
of all property placed in service during the tax year was The credit was allowed to small businesses that
placed in service during the last 3 months of that year, incurred expenses to make their business accessible to
then the mid-quarter convention must be used for all disabled individuals. An eligible small business was one
property placed in service during the year. This rule did with either gross receipts of less than $1 million for the

155
 Corporation Returns/1993 - Explanation of Terms

preceding tax year or not more than 30 full-time percent of the dividends received on certain preferred
employees in the preceding tax year. stock of public utilities. A 100-percent deduction was
allowed for dividends received by members of a
An eligible expenditure was one paid or incurred by an controlled group from other members of the same
eligible small business in order to comply with the controlled group when a consolidated return was not
requirements of the Americans with Disabilities Act of used to report for the group as a whole. This deduction
1990. Expenditures included: (1) removing architectural, was allowed when the group did not elect to file a
communication, physical, or transportation barriers; (2) consolidated return and agreed instead to apportion a
providing qualified interpreters or - other methods of single tax bracket exemption amount among the group
delivering materials to individuals with hearing members in-computing income tax.
impairments; (3) providing qualified readers, taped texts,
or other methods of delivering materials to individuals Dividend distributions among member corporations
with visual impairments; (4) acquiring or modifying electing to file a consolidated return were eliminated from
equipment or devices for individuals with disabilities; or the statistics as part of the consolidated reporting of tax
(5) providing other similar services, modifications, accounts. For tax purposes, dividends reported on these
materials or equipment. The amount of the credit was returns represented amounts received from corporations
50% of the amount of the eligible expenditures for a year that were outside the tax-defined affiliated group.
that exceeded' ~250 but did not exceed $10,250.
Under provisions of the 1984 Tax Reform - Act
The disabled access credit was claimed as one of the corporate shareholders reduced the deduction' for
components of the general business credit. For a dividends received on debt-financed portfolio stock. The
discussion of the income tax limitations and carryback provision generally reduced the deduction for dividends
and carryforward provisions of the credit, see General received on debt-financed portfolio stock so that the
Business Credit, in this section. The disabled access deduction was available, in effect, only with respect to
credit was included (as a component) in the general dividends attributable to that portion of the stock which
-business credit~ shown- in the tables. The components of was not debt financed. Generally, this was'accomplished
the general business credit were shown separately in by determining the percentage of the cost of an
Table 21. investment in stock which was debt financed an& by
reducing the otherwise allowable dividends received
Dividends Received from Domestic deduction, with respect to any dividends received on that
stock, by that percentage. - The reduction in the amount
Corporations allowable as a dividends received. deduction could not
Dividends received from domestic corporations
exceed the amount of interest deduction allocable to the
represented most distributions from current as well as
dividend. This amount was reported as part of domestic
accumulated earnings and profits of companies dividends even though it also represented debt-financed
incorporated in the United States. (For a discussion of
stock of foreign corporations.
other distributions of domestic corporations, see Other
Receipts in this section.) For the most part, dividends
received from domestic corporations represented those Dividends Received from Foreign
recognized in computing the special deduction from net Corporations
income for domestic intercorporate dividends received. These dividends were paid from current as well as
See also "Statutory Special Deductions." accumulated earnings and profits of companies~
incorporated in foreign countries.
Dividends -from, Interest Charge Domestic International
Sales Corporations (IC-DISC's) and from former Domestic Dividends received from foreign corporations consisted
International Sales Corporations (DISC's) 'that were of:
deductible were included as domestic dividends received.
Certain other dividends, not deductible, were treated for (1) dividends, subject to (1) the 70 percent'
the statistics as Other Receipts. deduction when received from less than 0 p~'r-
cent owned foreign corporations and certain
For. most of the domestic dividends received, the FSC's, or (2) the 80 percent deduction' when
deductible portion.was equal to either (1) 70 percent if received from 20 percent or more owned foreign
the dividends were from less than 20 percent owned corporations and certain FSC's;
domestic corporations, or (2) 80 percent if the dividends (2) dividends, subject to the 1 00-percent deduction,
were from 20 percent or more owned domestic received by U.S. corporations from wholly-owned
corporations (ownership is determined by the voting foreign subsidiaries all of whose gross income
power and value of the stock of the issuing corporation). was effectively, connected with the conduct of a
However, the deduction was equivalent to about 50 U.S. trad6 or business, or received from a FSC

156
 Corporation Returns/1993 - Explanation of Terms

when the dividends were from earnings and amount was included in the statistics for contributions to
profits attributable to foreign trade income; and employee benefit plans.
(3) any other foreign dividends, not subject to a
deduction, which included dividends out of Fdr all 1120-A corporations, employee benefit
foreign earnings and profits and ce rtain gains programs identified in Other Deductions or attached
from the sale, exchange, or redemption ' of schedules were included in the statistics for employee
Controlled Foreign Corporation stock. benefit programs.

Because foreign dividend gross-up and includable Enhanced Oil Recovery Credit
income from Controlled Foreign Corporations were not This credit was allowed to taxpayers who incurred
actual receipts, for statistical purposes, they were qualified enhanced oil recovery costs and did not elect to
excluded from dividends received. Both were combined decline the credit. An enhanced oil recovery project was
and presented in the statistics as Constructive Taxable any project that was contingent on all the following
Income from Related Foreign Corporations. conditions:

The statistics for foreign dividends received reflected (1) involved one or more tertiary recovery methods:
variation in taxpayer reporting in certain cases. Some these methods could reasonably be expected to
corporations reported foreign dividends received as result in a significant increase in the amount of
includable income from Controlled Foreign Corporations, crude oil which would ultimately be recovered;
while others reported includable income from Controlled (2) was located in the United States;
Foreign Corporations as foreign dividends received. Also, (3) began the injection of liquids, gases, or other
some corporations reported dividend gross-up for taxes matter after December 31, 1990; and
deemed paid as foreign dividends received, while others (4) was certified by a petroleum engineer for credit
reported foreign dividends received as dividend gross-up. eligibility.
All foreign dividends, actual and constructive, were
reported on the dividends received schedule of the U.S. Enhanced oil recovery costs were costs integral to the
income tax return. project with respect to depreciation and amortization, any
intangible drilling costs which were paid or incurred in
These variations in taxpayer reporting could have been connection with the qualified project with respect to any
reflected in the statistics, to the extent that the specific election made under section 263(c), or any qualified
nature of the dividend was not identified on supporting tertiary injectant expenses which were paid or incurred in
attachments to the tax return. However, when connection with the qualified project. The amount of the
specifically identified elsewhere on. the return, the credit was an amount equal to 15 percent of the
amounts were included in the statistics for the type of taxpayer's qualified enhanced oil recovery costs for the
foreign dividend, as specifically identified, rather than for taxable year. The credit would be phased out as the
the items as reported on the dividend received schedule. crude oil prices increased.

Employee Benefit Programs The enhanced oil recovery credit was claimed as one
Cont ributions made by employees to such plans as of the components of the general business credit. For a
death *benefit plans, insurance plans, health plans, discussion of the income tax limitations and carryback
accident and sickness plans, and other welfare plans and carryforward provisions of the credit, see General
were deductible under Code sections 419 and 419A. Business Credit, in this section. The enhanced oil
Generally, such programs were not an incidental part of recovery credit was included (as a component) in the
a pension, profit sharing plan or other funded deferred general business credit shown in the tables. The
compensation plan. Deductions for a welfare benefit components of the general business credit were shown
fund were limited to the qualified cost of the fund for the separately in Table 21.
taxable year, as described under Code section 419.
Direct payments for employees' welfare were not Environmental Tax (*)
included as employee benefits; only payments into a fund Corporations were required to pay the environmental
for employee benefits were included. tax, as a result of the Superfund Revenue Act of 1986.
The requirements for this tax were provided under the
Included in the statistics for this item were amounts Code section 59A. The tax was based on a modified
identified as part of the cost of sales and operations, or alternative minimum taxable income of the corporation in
capitalized under section 263A. Regulated Investment excess of $2,000,000. (Members of a controlled group
Companies and Real Estate Investment Trusts do not of corporations were entitled to one $2,000,000
report employee benefits. Some mining companies could exemption.) The amount of the excess income was
have reported an amount for a combination of subject to a 0.12 percent rate of tax. The modified
welfare/retirement plans. When identified, the combined

157
 Corporation Returns/1993 - Explanation of Terms

alternative minimum taxable income was alternative Excess Net Passive Income Tax (*)
minimum taxable income without consideration for the The Subchapter S Revision Act of 1982 imposed a
alternative tax net operating loss deduction 'and t he limitation on passive income for S corporations which had
allowable deduction from. income for the environmental
' accumulated earnings or -profits f rom prior subchapter C
tax.* For an axplanation of alternative minimum taxable status. A tax was imposed on the net passive income in
income, see Alternative Minimum Tax. For purposes of excess of 25 percent of gross receipts. The income was
determining the regular tax, the amount of the current taxed at the regular corporate tax rate. The Revenue*
year environmental tax was allowed as a deduction from Reconciliation Act of 1993 increased the tax rate on
the current year gross income under Code section 164 excess net passive income from 34% to 35%. Passive
(a). In general, the environmental tax was effective for investment income, in general, was gross receipts derived
taxable years beginning after December 31, 1086 and from rents, royalties, dividends, interest, annuities, or the
before January 1, 1996. sales or exchange of stock or securities.

Estimated Tax Payments (*) . Foreign Tax Credit (*)

Corporations not exempt from taxation were required Code section 901 allowed a credit against the U.S.
to make quarterly tax payments if the estimated tax for income tax for income, war profits and excess, profits
the taxable year was expected to be $500 or more. The taxes paid or accrued to foreign countries or U.S.
tax was estimated by applying the regular graduated possessions including Puerto Rico. When determining the
corporate tax rates to the exp ected taxable income for foreign tax credit, income, deductions pertaining to
the taxable year (personal service cor porations estimated foreign branches, and section 863(b) activities were
their tax using a flat 34 percent tax rate before January included in the computation of worldwide income. These
1 , 1993 and 35 percent tax rate afterwards), then the had been excluded in previous years.
excess of the regular tax (estimated) over the amount the
corporation estimated as the sum of credits against The credit could be claimed by domestic corporations,
regular. tax Aincluding credits for foreign taxes, by foreign sales- corpi orations'(FSC's) for taxes paid on the
possessions tax, production or sale of nonconventional foreign trade income, and also by foreign corporations
source fuels, qualified electric ~)ehicle, orphan drug engaged in trade or business in the United States for
research, general business incentives, and prior year taxes paid on income effectively connected with the U.S
minimum tax) plus any recapture tax of investm ent credit business. Additionally, stockholders of Interest Charged
or of low-income housing credit, alternative minimum
i tax, Domestic International Sales Corporations (IC-DISC's) and
environmental tax minus credit for Federal tax on fu6ls. forrher Domestic International Sales Corporations (former
DISC's) could claim a credit for.foreign'taxes paid by a
As a result of the Revenue. Reconciliation Act of 1993 DISC. However, all FSC's, IC-DISC's and former DISC!s
new rules beginning after December 31, 1993, require a are excludedfrom the SOI sample.
corporation to base its estimated tax payments. on 100%
(rather than 97%) of the tax shown on its~ return for the The credit was not allowed for S Corporations because
current year. The "safe harbor" rule that 'allows 'a their. income was primarily taxed through their
corporation to.avoid the penalty by paying 100% of its shareholders. These corporations also had to exclude any
prior year tax still applies. foreign taxes -paid or accrued from the deduction for
taxes paid in computing their net income from trade or
Estirnated tax payments shown in this report may be. business activities. Instead, the foreign taxes were
somewhat less'than the legal maximum percentages of passed through to the shareholders for their use-as a
tax due because, 'under the provisions of Code seciion foreign tax credit (or a deduction).
6655, certain* tolerances were allowed in the relationship
of the installment payments to*the tax. For example, a The credit was also not allowed for . regulated
corporation was not required to pay. an estimated tax investment companies which elected under Code section
greater than the amount of tax liability for the previous 853-to allow their stockholders to claim the credit for the
year provided that the co rporation had a -tax liability for foreign taxes paid. (Under this election, these companies
the previous year. Besides the limitations
' based on law, also excluded foreign -taxes paid or accrued from the
payments shown in the statistics may be slightly deduction for taxes to compute net income.) However,
understated because of taxpayer repo rti ng.va ri ations and if the election were not made, the regulated investment
the inability to identify all of the amounts from the tax company could claim the foreign tax credit.
returns. Separate statistics were presented for.the
components of net estimated tax payments which include A corporation that claimed the foreign tax credit could
1992 overpayments claimed as a credit, 1993 estimated not also. claim a 'business deduction f or the same foreign
tax payments,'and refund of estimated tax payments. taxes paid.* The credit could be reduced for taxes paid on

158
 Corporation Returns/1993 - Explanation of Terms

foreign income from operations involving participation or Employer Social Security and Medicare Taxes Paid on
cooperation with an international boycott. The U.S. Certain Employee Tips (Form 8846); and Credit for
income tax which could be reduced by the credit Contributions to Certain Community Development
excluded the recapture taxes for investment credit and Corporations (Form 8847).
low income housing credit, the alternative minimum tax,
the Personal Holding Company tax and the environmental Under prior law, the general business credit consisted
tax. of a combination of eight individual credits - investment
credit (Form 3468), jobs credit (Form 5884), alcohol fuels
After 1986, the foreign tax credit was computed credit (Form 6478), research credit (Form 6765),
separately for foreign taxes paid or accrued with respect low-income housing credit (Form 8586), disabled access
to nine categories of income. These were: (1) passive credit (Form 8826), enhanced oil recovery credit (Form
income; (2) high withholding tax interest; (3) financial 8830) and the (eighth credit) the renewable electricity
services income; (4) shipping income; (5) dividends from production credit (Form 8835) which resulted from the
each noncontrolled section 902 corporation; (6) dividends Energy Policy Act of 1992. The orphan drug credit,
from a DISC or former DISC; (7) foreign trade income of which was also reported on Form 6765, was not included
a FSC; (8) distributions of a FSC or former FSC; and (9) as part of the general business credit. If a corporation
all other income from sources outside the United States. claimed more than one of these credits, reported a
For each category, the credit was computed subject to a carryforward, or had credits from a passive activity, Form
limitation which prevented the corporations from using 3800 was to be filed with the income tax return.
foreign tax credits to reduce U.S. tax liability on U.S.
sourced income. This limitation was determined using The purpose of the general business credit was to
the overall method. provide a uniform limitation on the amount that could be
used to reduce tax liability and to establish uniform rules
Using the overall method the credit was limited to that for carrybacks and carryforwards. Each of the credits
percentage of the total U.S. income tax against which the was computed separately. The total of the credits
credit was allowed as represented by the ratio of taxable became the general business credit for the purpose of
income from foreign sources to worldwide taxable applying the maximum tax liability rules and the
income. The taxpayer totaled the taxes paid to all foreign carryback and carryforward rules.
countries and possessions which was then subjected to
a limitation computed by multiplying the U.S. tax liability Generally, S corporations computed these credits at
by a fraction where the numerator consisted of taxable the corporate level; the credits were then passed through
income from foreign sources (after relevant deductions) to the shareholders. The regular investment credit and
and the denominator was worldwide taxable income. The energy investment credit were exceptions. The S
limitation fraction is not permitted to exceed 1.00 for any corporation reported the basis in the qualifying property
separate limitation and was applied separately for each to each shareholder. The shareholders themselves
income category. computed the regular investment and energy investment
credits. However, S corporations which were previously
Foreign taxes in excess of the limitation for any one C corporations could use business credit carryforwards to
year could be carried back, chronologically, to the 2 reduce tax on their net recognized built-in gains.
preceding years and then carried over to the 5 succeeding
years to reduce income tax, subject to the foreign tax According to Code section 38(c), the general business
credit limitation of the years to which they were carried credit reduced the tax liability to the extent of 100
under section 904(c). percent of the first $25,000 of net tax liability and 75
percent of the net tax liability over $25,000. An
The foreign tax credit was not allowed for taxes paid additional limitation was also imposed on the general
to certain foreign countries whose government was not business credit as a result of the alternative minimum tax.
recognized by the United States, with which the United
States severed or did not conduct diplomatic relations, or When the credit exceeded the "$25,000-plus-75
which provided support for international terrorism. percent" limitation in any year, or the excess of income
Foreign tax credit figured and reported for alternative tax liability over tentative minimum tax, the excess
minimum tax purposes was not included in these became an unused business credit. Under Code section
statistics. 39(a), an unused business credit could be carried back to
the three years preceding the unused credit year and
General Business Credit (*) forward to the 15 years following that year. An amount
The Revenue Reconciliation Act of 1993 added new of carryforward of the general business credit was shown
income tax credits which were allowed for expenditures separately in Table 21, as a component of the general
incurred after December 31, 1993. These credits were business credit. Use of carryback provisions would
the Indian Employment Credit (Form 8845); Credit for require that a prior year return be amended. Amended

159
 Corporation Returns/1993 - Explanation of Terms

returns were not included in the corporate sample. institutions, where the departments were separately
Therefore, any changes in tax liability due to carryback of taxed from the remainder of the banks. However,,data
unused business credits were not reflected in the, for the banking and life insurance departments were
statistics. ' combined in the statistics.

Income Subject to Tax (*) Provisions under Code section 1504(c) allowed
Because of the different types of corporations, U.S.' corporations to elect to include their domestic insurance
tax was imposed on a variety of corporate tax bases. companies in a consolidated tax return. There could be
These were the taxable income bases defined by Code three separate components of this type of consolidated
section 63, used by the majority of corporations to which return:
the tax rates applied: the tax base of S corporations'
electing to be taxed through their shareholders; the tax (a) noninsurance companies;
bases appJlicable to life and nonlife insurance companies; (b) life insurance companies, and
and the amounts taxable to regulated investment (c) property and casualty insurance companies.
companies and real estate investment trusts. Most of
thes a tax bases were represented in the statistics for For companies which elected to file a consolidated
Income Subject to Tax. return under* Code. section 1 504(c), the income lax was*
based' on the consolidated amount of income subject to
For most corporations, income'subject to tax co'nsisted tax. Net income -in the statistics represented'. the
of ' net income minus certain statutory special deductions aggregate, for. the separate~ components. of the
(described in this report under -a separate heading). consolidation. However, specific limitations %were -
Howev er, there were certain exceptions. In some cases, imposed on the. use of -nonlife business -activity losses as
the statutory
' special deductions for dividends received an offset !to li fe insurance gains for the purpose. of
and for dividends paid on certain preferred stock of public computing income subject to tax,and income tax. As a
utilities exceeded -net income. -For those -returns; income-` result, a consolidated return under Code section 1504(c)
subject to tax was reduced to zero and the excess of the with a net deficit could report income.subject to tax.
two special deductions became the statutory loss for. the
year. This current year statutory loss became available for .1n.:the,case-of.regulated, investment companies, any
a net operating loss deduction over the prescribed undistributed income, otherthan undistributed long-term
carryback and carryover periods. capital gains, was included in the statistics for income
subject to tax. This portion of-the undistributed income
Also, the tax bases of life insurance co mpanies, was taxed. at the, normal graduated corporate tax rates.
regulated investment companies, and real' estate Any net long-term capital gain (reduced by net,short7term
investment trusts -were not defined as net income less capital loss) which was not distributed to stockholders
statutory special deductions. For S corporations with a was taxed at a flat 34 percent rate before January 1,
,limited tax liability on capital gains, the statistics for 1993 and 35~ percent afterwards. The, undistributed
income subject to tax represbrited the ordinary, income portion of the long-term capital gains were excluded from
from the normal business activities of the corporation. the statistics for income subject to,tax. See also, "Income
No special deductions werEi allowed. to reduce -this Tax.",
income.
Income Tax
For the'life insurance companies, net income was .
For tax years beginning after 1992, the corporate tax
derived from gain or loss from operations to Which rate increased from 34 percent to 35 . percent for.taxable
statutory special ded uctions were added back; income income in excess of $10,000,000 T he Personal Service
subject to tax was gain from operations (which included Corporations tax rate also increased frorh a flat 34
statutory special deduct ions) less (if applicable) the small percent to 35 percent. A Is o an additional 3 percent tax
life insurance, company deduction. To this amount were was imposed on income in ' excess of $ 1'5,*000,000. The
added: (1) amounts resulting from the limitation of additional tax equaled the smaller of 3 percent of the
noninsurance losses, and (2) amounts subtracted from taxable income in excess of $15,000,000 or $100,000.
the policyholders' surplus account (which 'contained
income nontaxable in the year earned, but taxable later An additional 5 percent tax continued,to be imposed
on when withdrawn from this reserve account). on iaxabI6 income' which'equaled the smaller..of 5'
percent of taxable income in excess of $100,000 or
In addition, the life insurance company provisions $11,750. Corporations other than members of a
applied to life insurance departments of certain banking controlled groLip and personal service corporations used
the following tax rate schedule:

160
 Corporation Returns/1993 - Explanation of Terms

If taxable income is: tax. As a result, a consolidated return under Code

section 1504(c) with a net deficit could report income
Of the subject to tax and income tax.
Over: But not over: Tax is: arrd. overi

0 50,000 15% 0 Income tax, or regular tax in the statistics, was the
50,000 75.000 7,500+ 25% 50,000 amount of tax before reduction by tax credits for: foreign
75,000 100,000 13,750+ 34% 75,000 taxes, possessions tax, orphan drug research, the
100,000 335,000 22,250+ 39% 100,000 production or sale of fuels from nonconventional sources,
335,000 10,000.000 113,900+ 34% 335.000 qualified electric vehicle, general business incentives, and
10,000,000 15,000,000 3.400,000+ 35% 10,000,000 the prior year minimum tax. Income tax was shown
15,000,000 18,333,333 5,150.000+ 38% 15,000.000 separately as regular tax and included in total income tax
- in the statistics.
18,333,333 35% 0

The 39% and 38% rates are imposed to phase out the Some adjustments were made to income tax returns by
benefits of the lower brackets for high-income the taxpayer due to the election of bank holding
corporations. companies to pay in installments the tax attributable to
the sale of certain assets whose divestiture is certified by
For corporations which elected to be treated as S the Board of Governors of the Federal Reserve System;
corporations, an income tax was imposed on certain interest on tax attributable to payments received on
long-term capital gains, as well as recognized built-in installment sales of certain timeshares and residential
gains and excess net passive income of companies which lots; interest on tax deferred under the installment
were formerly C corporations. The tax liability was not method for certain non-dealer installment obligations; and
passed through to the shareholders of the corporation. deferred tax amount for shareholders in a passive foreign
The taxes paid on capital gains or recognized built-in investment company that received an excess distribution
gains by S corporations were included in the corporate or disposed of its investment during the year.
statistics as regular income tax. The taxes paid on
excess net passive income were included in total income Adjustments made to income tax returns after they
tax but were excluded from regular income tax. were filed could affect the final tax liability and the tax
due. Such adjustments were not reflected in the
A small number of corporations without net income statistics. Generally, adjustments could result from tax
had an income tax liability. The tax from those returns examination, or the use of carryback provisions for:
was included in the statistics as regular income tax. The
tax resulted from: (1) net operating losses and certain net capital
losses, which generate adjustments to taxable
(1) special statutory provisions applicable to life income and consequently create adjustments to
insurance businesses; the tax liability; and
(2) the provisions under Code section 594 allowing (2) unused foreign taxes and unused general
certain banking institutions with life insurance business credits which would cause adjustments
departments to compute tax separately from the to income tax through recomputed credits.
banking activity; and
(3) the provisions under Code section 1504(c) The use of these carryback provisions would require
allowing corporations to elect to include their that a corporation file an amended income tax return.
domestic insurance companies in consolidated Amended returns were excluded from the corporate
tax returns with the following components: sample.
(a) noninsurance companies;
(b) life insurance companies; and Therefore, the statistics differ somewhat from the
(c) property and casualty insurance companies. actual income tax collections and the final income tax
liability of corporations for the Tax Year. Publication
For companies which elected to file a consolidated 55B, Internal Revenue Service 1993-94 Data Book,
return under Code section 1504(c), net income in the contains income tax collection data on a fiscal year basis
statistics represented the aggregate for the separate (October - September) as opposed to the income year
components of the consolidation. The income tax was basis (July - June) used in this publication. Publication
based on the consolidated taxable income. Specific 55 is available from the Superintendent of Documents,
limitations were imposed on the use of nonlife business U.S. Government Printing Office, Washington, DC,
activity losses as an offset to life insurance gains for the 20402. See also "Total Income Tax" and "Income Tax
purpose of computing income subject to tax and income After Credits."

161
 Corporation Returns/1993 - Explanation of Terms

Income Tax After Credits (*) For statistical presentation, this interest was included
Income tax after credits in the statistics represents in total receipts. However, it was not included in nett
total income tax less the sum of credits for: foreign tax; income (less deficit) or income subject to tax.
U.S.* possessions tax; orphan drug research; the
production or sale of fuels from nonconventional sources; Most corporations reported this tax-exempt interest in
qualified electric vehicle; general business incentives; and the Reconciliation of Income per Books with Income per
prior year minimum tax. See also "Income Tax" and Return (see Schedule M-1 on the Form 11 20 in section 6
"Total Income Tax." of this report). Because of variations in taxpayer
reporting, this item may not have always been identified.`
Therefore, the statistics could be understated for interest
Intangible Assets received from state and local government obligations.
The total gross value (before the reduction by amounts
of accumulated amortization) of contracts, copyrights,
formulas, licenses, patents, registered trademarks, Interest Paid
research or experimental expenditures and similar assets These amounts consist of interest paid by corporations
was included in this category only if amortization (or on business indebtedness, including amounts paid on
depreciation) actually had been taken. These assets could installment purchases if they were stated in the contract,
be amortized only if they had a definite life and value. as well as certain unstated amounts defined under Code
section 483. For banking and savings institutions, the
Accumulated amortization represented the cumulative statistics also included interest paid on deposits and
adjustment to these intangible assets as shown on the withdrawable shares. For mutual savings banks, building
corporation's books of account. Amounts of and loan associations and cooperative banks, interest
accumulated depreciation shown as adjustments to paid includes amounts paid or credited to the accounts of
intangible assets are included in the statistics for depositors as divide nds,'i nte- rest or earnings under Code
Accumulated Amortization.- section~591. Interesf idbn tified as part of the cost of
sales and operations, 6r capitalized under section 263A,
Interest was excluded from cost of sales and included in the
Taxable interest, a component of total receipts, was statistics as interest paid. Tax-exempt interest'is not
received from obligations issued by the United States, its included in these statistics. See also "Total Receipts" for
agencies, or its instrumentalities. Interest received on further information.
loans, notes, mortgages, arbitrage bonds, nonexempt
private activity bonds, corporate bonds, bank deposits ftiventodes
and tax refunds was also included in this item. The Based on amounts reported on the 6a6nc'e.sh'e.et,,
interest received was reduced by the amortizable bond inventories inclu ded such items as raw materials, finished,
premium, as defined under Code section 171. For and partially finished goods (work in- progress),
installment sales, interest received included amounts merchandise on hand or in transit, and growing crops
stated in the contract and certain unstated amounts of reported as assets by agricultural concerns. Inventories
interest, as defined under Code section 483. were generally valued at. cost or at the lower
' of cost or,
market . price. When valued at cost, inventories were
Interest received from tax-exempt state or municipal generally identified by first-in, first-out OFO) or last-in,
bonds and ESOP loans * was not included in this item. first-out (LIFO) methods.
11 20S interest received is not included in this item but is
separately reported on the Schedule K. Corporations When inventories were, reported by companies within
were not allowed to offset any interest expense against certain financial industries, the amounts were included in
interest income. However, if the corporation reported the statistics for Other Investments and excluded from
only a net amount, this f igure was used in the statistics. inventories. For other holding and investment compaPies,
See also "Interest Paid." (except bank holding companies), and small business
investment companies, inventories were,included in Other
Interest on Government Obligations: State Investments for companies which were nonconsoliclated
or consolidated with financial subsidiaries (and the
and Local inventories were reported by the financial subsidiaries).
The interest received from certain government
obligations was not subject to U.S. income tax. These
Inventories were included in the statistics. for Other
tax-exempt obligations included those issued by states,
Current Assets and excluded from inventories when
municipalities and other local governments, the District
reported by other nonconsolidated corporations within
of Columbia, and U.S. possessions, including Puerto Rico.
the Finance, Insurance, and Real Estate industrial division.

162
 Corporation Returns/1993 - Explanation of Terms

However, inventories were included in Other Current qualified timber property. The amount of the reduction
.Assets if reported by bank holding companies, whether could not be carried to any other tax year.
"pure" consolidated or nonco nsol i dated. If bank holding
companies were consolidated with nonfinancial Generally, investment credit property included the
subsidiaries, inventories were included in the statistics. following:

Inventories included in the statistics for the Finance, (1) tangible personal property defined in Code
Insurance, and Real Estate industrial division were those section 48(a)(1). Tangible personal property
reported by consolidated financial companies with comprised all property contained in or attached
diversified nonfinancial subsidiaries. See also "Cost of to a building, such as machinery or equipment.
Sales and Operations." Certain types of property, even though physically
located outside a building or accessory to a
Investment Credit (*) building, were also considered tangible personal
The Tax Reform Act of 1986 repealed the regular property;
portion of the investment credit for most taxpayers. For (2) elevators and escalators;
property placed in service after December 31, 1985, no (3) other tangible property, including certain real
regular investment credit could be claimed unless the property, used as an integral part of
property was: manufacturing, production, or extraction, or used
as a research facility or bulk storage facility;
(1) Transition property; for example, construction in (4) livestock other than horses as long as not sold
progress on December 31, 1985; and replaced by substantially identical animals
(2) Qualified progress expenditure property; or during a relatively short period of time;
(3) Qualified timber property treated as section 38 (5) certain single-purpose agricultural or horticultural
property under Code section 48(a)(1)(F). structures defined in Code section 48(p);
(6) rehabilitation expenditures for qualified 30-year
No regular investment credit could be claimed for buildings, 40-year buildings, and certified historic
property such as automobiles, delivery trucks, office structures;
equipment, and farm equipment unless it was transition (7) forestation and reforestation expenditures that
property as of December 31, 1985, or it fell into one of are amortizable under Code section 194; and
the other categories listed above. (8) petroleum storage facilities. A corporation could
also claim an investment credit for certain
The 1986 Tax Reform Act also extended for three vessels under special provisions of Code sections
years the business energy portion of the investment 46(g)(1) through (6) for certain maritime property.
credit for solar, geothermal, and ocean thermal property
and for two years for biomass property. The Certain limitations on the credit were applicable to
rehabilitation portion of the investment credit was also special classes or kinds of corporations. Code section
modified. The allowable credit for rehabilitation property 46(e) limited the applicability of the credit for mutual
was reduced; for older nonresidential buildings from 15 or savings banks, regulated investment companies, and real
20 percent of the qualified investment to 10 percent and estate investment trusts. Limitations on investment
for certified historic structures from 25 percent to 20 credits for movie and television films or tapes were
percent. defined under Code section 48(k).

For qualified progress expenditures property, a The investment credit could not reduce the recapture
corporation could elect to claim an investment credit for taxes for the investment credit or low-income housing
taxable years before the qualified property was placed in credit; the alternative minimum tax; the environmental
service. For periods after 1985, the depreciable basis of tax; the personal holding company tax; or the tax liability
the property was to be reduced by the full amount of the of S corporations for capital gains or excess net passive
credit. Prior to the 1986 Tax Act, a corporation could investment income. Shareholders of S corporations
elect to reduce the available credit rather than the basis computed the regular investment credit; it was not
of the property. computed at the corporate level by the S corporation.
The S corporation reported the basis in the qualifying
The investment credit (before limitations) for qualified property to each shareholder for this purpose.
timber property was 10 percent of the qualified
investment. The credit for transition property and The investment credit was claimed as one of the
qualified progress expenditure property was also 10 components of the general business credit. For a
percent of the qualified investment. After June 30, discussion of the income tax limitations and carryback
1987, a 35 percent reduction applied to the regular 10 and carryforward provisions of the credit, see "General
percent investment credit for those properties except for Business Credit", in this section.

163
 Corporation Returns/1993 - Explanation of Terms

The investment credit was included (as a component) Investments and understated for Investments in
in the general business credit shown in the tables. The Government Obligations, to the extent that Investments
components of the general business credit were shown in Government Obligations may not have been identified
separately in Table 21; the tentative business energy on the tax return.
credit was not included. in the regular investment credit.
See also "Recapture of Investment Credit." Stock property and casualty insurance companies also
filed income tax returns on the Form 11 20-PC, beginning
Investment Credit Carryover , , with 1987. However, prior to 1987 these companies
The 1984 Tax Reform Act provided that unexpired reported balance sheet data on the income tax return,
investment credits from each pre-1984 taxable year Form. 11 20 or - Form 11 20-A, rather than an annual
would be combined with other credits into the general statement. Therefore, the comparability of balance
business credit carryforward from each unused credit sheet 'data, before and after 1987, was not generally
year to be carried to post-1 983 years. The carryforward affected by the tax return filed by nonlife stock insurance
period was not to exceed 15 years from the year of the companies. See also "Tax-Exempt Securities."
original -unused credit. The unused credit was applied
first to the earliest'of the three years to which it could be Jobs Credit (*)
carried back, and then forward to each of the other tax The credit was allowed to taxpayers who hired
years, in chronological. order. Because the data in this individuals from any of the following targeted groups: (1),
book do not include any information from amended vocational rehabilitation referrals; (2) economically
returns, the statistics do not reflect any changes in'tax disadvantaged young adults; (3) Vietnam era veterans
liability due to the use of the investment credit carryback. from an economically disadvantaged family; (4) federal,
See also "Investment Credit." state, and local welfare. recipients; (5) general assistance
recipients; (6) economically disadvantaged ex-convicts;
Investments in Govemment Obligations (7) economically disadvantaged youths participating in a
This balance sheet asset item comprised U.S. qualified cooperative education program; (8) eligible work
obligations, including those of instrumentalities of the incentive employees; or (9) qualified summer youth
Federal Government. State and local government employees, aged 16 or 17, who first worked for the
obligations, the interest on which is excluded from gross corporation between May 1 and September 15 for at
income under section 103(a), are included in Tax-Exempt least 14 days or 20 hours.
Securities.
For employees hired before September 30, 1990, only
Balance sheet data for mutual property and casualty qualified first-year wages could be used to determine the
insurance companies were extracted from the income tax jobs credit. The credit
' was limited to 40 percent of the
return, Form 11 20-PC, rather than the annual statement,. first $6,000 of qualified first-year wages and 40 percent
beginning with Tax Year 1967.' Prior to 1987, thes e of the first $3,000 of qualified summer youth employee
companies filed tax returns on Form 1120M, which did wages. The 1988 Tax Act reduced the percentage for
not include a balance sheet. The balance sheet data qualified summer youth employee wages, from 85
were then extracted from the annual statement attached percent to 40 percent for those employees hired after
to the returns. December 1988.

Some mutual property and casualty insurance The targeted jobs credit was extended retroactively
companies included Investments in Government from June 30, 1992, to December 31, 1994. The
Obligations with Other Investments on the income tax extension of the targeted jobs tax credit was effective for
return, Form 1120-PC. When identified, the amounts individuals who began work for the employer after June
were included in the statistics for Investments in 30, 1992, and before January 1, 1995.
Government Obligations and excluded from Other
I The jobs credit was claimed as one of the components
Investments
of the general business credit. For a discussion of the
. income tax limitations and carryback and carryforward
The cbmpa~ability of balance sheet data could have
been affected by differences in reporting on the annual provisions of the credit, see "General Business Credit", in
statement for years prior to 1987 and on the income tax this section.
return Form 11 20-PC,'beginning with 1987. Comparisons
of data reported on the annual statement to that reported The jobs credit was included (as a component) in the
on the Form 1120-PC indicated that Investments in general business credit shown in the tables. The
Government Obligations was often more clearly identified components of the general business credit were shown
on the annual statement than on the income tax return. separately in Table 21.
Thus, the statistics could be overstated for Other

164
 Corporation Returns/1993 - Explanation of Terms

Land and occupied by individuals whose income is 50

Land, which was reported as a separate capital asset percent or less of the area median gross income,
or
on the balance sheet, may be understated in this report
because it could not always be identified. Some
corporations may have included land as part of (2) 40-60 Test: 40 percent or more of the residential
units in the project must be both rent-restricted
depreciable or depletable assets or included it in other
investments. Whenever corporations included and and occupied by individuals whose income is 60
identified land as part of depreciable assets, the amount percent or less of the area median gross income.
was reclassified as land, but land improvements remained
as depreciable assets. A unit was rent-restricted if the gross rent did not
exceed 30 percent of the income limitation in (1) or (2)
above for individuals occupying the unit. A corporation
Loans from Stockholders could elect to classify a project under either one of the
This balance sheet liability item was regarded as above criteria. Once made, the election was irrevocable.
long-term in duration and included loans to the company
from holders of the company's stock. The low-income housing credit was claimed as one of
the components of the general business credit. For a
Loans to Stockholders discussion of the income tax limitations and carryback
This balance sheet asset item was regarded as long- and carryforward provisions of the credit, see also
term in duration and inc luded loans to persons who held "General Business Credit."
stock in the corporation.'
The low-income housing credit is included (as a
Low-income Housing Credit (*) component) in the general business credit shown in the
The Revenue Reconciliation Act of 1993 permanently tables. The components of the general business credit
extended the low-income housing credit ' with are shown separately in Table 21.
modifications. The permanent extension of the credit and
the modifications relating to full-time students and Members of Controlled Groups
developmental and operational expenses was effective Members of controlled groups were those corporations
after June 30, 1992. related to one another generally through 80 percent or
more common stock ownership and which could file
The low-income housing credit allowed a credit of 70 separate tax returns, under special provisions of the
percent of the qualified basis of each new low-income Code.
residential building placed in service after 1986 (30
percent in the case of certain federally subsidized new These provisions also effectively covered the filing
buildings or certain existing buildings purchased and prerequisites for most consolidated returns since the
placed in service). This credit could be taken over a stock ownership requirement used to define an affiliated
1 0-year period so that the present value of the 10 annual group eligible to file a consolidated return was similar to
credit amounts as of the last day of the first year of the the controlled group ownership requirements. In
credit period equaled 70 percent (or 30 percent) of the computing income tax, Code sections 1561 and 1563
qualified basis. limited the taxable income brackets to a maximum
amount in such brackets, whether or not the group was
The maximum annual credit percentage for new included in a consolidated return. See also "Consolidated
buildings placed in service during 1987 was 9 percent for Returns."
each of the 10 years in the credit period (4 percent for
federally subsidized new buildings, and existing The controlled group provisions applied when (1) a
buildings). For buildings placed in service after 1987 the common parent corporation had 80 percent or more
appropriate percentage is based on the month in which control of one or more chains of subsidiaries (parent-
the building was placed in service. subsidiary group), or (2) five or fewer persons
(individuals, estates, or trusts), individually or in
The low-income housing credit could only be claimed combination, had 80 percent or more control of each of
for residential rental projects that meet the requirements two or more corporations, but where the sum of each
of one of the following tests: person's identical ownership in the group totaled more
than 50 percent (brother-sister group). Identical
(1) 20-50 Test: 20 percent or more of the residential ownership was considered to be the lowest common
units in the project must be both rent- restricted percent of ownership of an individual owner in each of

165
 Corporiation Returns/1993 - Explanation of Terms

the corporations comprising the group. Thus, if a Deposits and withdrawable shares may have been
company had ownership in each corporation'in a given reported in mortgages, notes, and bonds payable by
group and the smallest percent ownership was, for banks and savings institutions. When identified, such
example, 5 percent of corporation A, that company's amounts were transferred to Other Current Liabilities.
identical ownership in the entire group. was. considered to
be 5 percent. Combination groups were possible when a Net Capital Gains (*)
person or persons controlled two or r-hore corporations, Net capital gains represented the excess of gains over
one of which was the parent of one or more subsidiary losses from the sales or exchanges of capital assets
corporations. subject to the limitations described below. The long-term
capital gain holding period was more than 6 months for
As of 1981, insurance companies were allowed, under assets acquired after June 22, 1984, and before January
Code section 1504(c) to be included in a controlled group 1, 1988.
with noninsurance companies, as long - as
noninsurance companies had been members of the For assets purchased after January 1988, any
affiliated group for 5 taxable years see "Consolidated recognized capital gain or loss qualified for long-term
Returns". treatment if the assets were held for more than one year.
If the assets were held for one year or less, the gain or
Prior to 198 1, two or more related life insurance loss was treated as short-term. This was. the same
companies were required to be treated as a controlled holding period that had applied to assets acquired before
group separate from any other corporation to which they June 23, 1984.
were related.
Net short-term gains (reduced by net long-term losses)
Minimum Tax Credit and net long-term gains (reduced by net short-term
See "Prior Year Minimum Tax Credit.". losses) were generally taxed as ordinary income after July
1987. Certain capital- gains for some corporations,
Mortgage and Real . Estate Loans however, were subject to a flat 34 percent tax rate
In general, mortgage and real estate loans were the before January 1, 1993, and to a 35 percent tax rate
total amount a corporation loaned on a long-ter rn basis, afterwards.
accepting mortgages; deeds of trust, land contracts, or
other liens on real estate as security. - Aborporati on can use capital losses for a tax year only
to offset capital gains in that year. There is no offset fot
Because the return form did not provide a separate ordinary income for a corporation. Excess net losses
place for reporting any reserve for unbollectible mortgage could be carried back as short-term losses to be applied
and real estate loan accounts, such reserves may have against the net capital gains of the 3 preceding years;
been included in the Allowance for'Bad Debts; shown in any losses remaining after carryback 'were carried over .
this report as an adjustment to Notes and Accounts the 5 succeeding years. Use of the carryback for excess
Receivable. If a corporation' reported an uncollectible net losses was limited; it was not allowed to increase or
mortgage and real estate loan reserve on a separate cause a deductible net operating loss for prior years and
schedule, that amount was moved, in this -report, to was not allowed for foreign expropriation capital losses
Allowance for Bad Debts. (although a special carryover period of 10 years for such
losses was allowed instead) or for capital losses of S
corporations.
Mortgages, Notes, and Bonds Payable
These liabilities were separated on the balance sheet I
A net capital loss for a Regulated Investment Company
according to the length of time to mat.urity of. the could be carried forward 8 years instead of 5 years. If
.
obligations payable in less than one year or payable in the , unused capital loss carryover was not eliminated
more than one year. The length of time to maturity was within the prescribed span of years, it could not be taken.
based on the date of the ba lance sheet rather than on the Regardless of origin, all carrybacks and carryovers were
date of issue of the obligations. treated as short-term capital losses for carryback and
carryover purposes.
Accordingly, long-term obligations, maturing within the
coming year were included together with short-term .In general, capital assets for tax purposes meant
obligations in the statistics for mortgages,. notes, and property regarded or treated as an investment, such as
bonds payable in less than one year. stocks'and bonds. Code section 1221 defined the capital
assets (or transactions) to which special treatment
applied as all property held by the corporation except:

166
 Corporation Returns/1993 - Explanation of Terms

(1) an inventorial asset; loss, it was treated as a fully deductible loss (without
(2) property held for sale to customers in the ordinary regard to other Code section 1231 transactions) and was
course of business; excluded from the capital gain statistics. If, on the other
(3) notes and accounts receivable acquired in the hand, the result was a net gain, then it was consolidated
ordinary course of business; with other gains and losses under Code section 1231.
(4) certain publications of the United States See also the discussions of "Net Gain (or Loss), Noncap-
Government; ital Assets" and "Other Deductions."
(5) depreciable property used in the trade or business;
real property used in the trade or business; and Net Gain (or Loss), Noncapital Assets
(6) certain copyrights, literary, musical, or artistic In general, noncapital assets related to property of a
compositions or similar properties. business nature. Special rules governing the computation
of a net gain or loss from noncapital assets were provided
Net gains from dispositions of some of the property under Code section 1231. Transactions treated under
types excluded from the definition of capital assets under these special provisions included:
Code section 1221 could receive capital gain treatment
under special conditions set forth in other sections, while (1) the sale or exchange of real or depreciable property
net gains from some of the property types included under used in a trade business;
the definition could be denied capital gain treatment
(2) the cutting or disposal of timber treated as a sale or
under still other sections. For the latter, see also "Net exchange under Code section 631 (a) and (b);
Gain (or Loss), Noncapital Assets." (3) the disposal of coal or iron ore treated as a sale
under Code section 631 (c);
Under section 1231, capital gains provisions could (4) the sale or exchange of livestock (excluding poultry)
h ave applied to a net gain from dispositions of or certain used in a trade or business for draft, breeding, dairy,
transactions
' involving specified types of business assets or sporting purposes, if held for at least 1 2 months
that were otherwise considered noncapital assets, based (24 months for horses and cattle);
on Code section 1221. Gains and losses from the
(5) the sale or exchange of unharvested crops; and
dispositions or transactions first had to be aggregated. If
(6) the involuntary conversion of property or capital
the overall result was a net gain, it was included in the
assets due to partial or total destruction, theft,
computation of net long-term capital gain, but if the
seizure, requisition, or condemnation.
overall result was a net loss, it was included in the
computation of ordinary income as a net loss from Transactions not treated under the section 1231
noncapital assets. Thus, a net gain under section 1231
provisions included the sale or exchange of:
could receive treatment as a long-term capital gain, while
(a) inventory or property ordinarily held for sale;
a net loss under section 1231 could receive treatment as
(b) certain copyrights;
an ordinary loss fully deductible against all types of in-
(c) literary, musical, or artistic compositions;
bome and not just against capital gain income. (d) letters or memorandums;
(e) U.S. Government publications; or
The types of property (or transactions) to which Code (f) other similar property.
section 1231 applied are described in the Net Gain (or
Loss), Noncapital Asset Section.
Under section 1231, capital gains provisions could
have applied to a net gain from dispositions of or certain
The amount of gain eligible for capital gains treatment
transactions involving specified types of business assets
under Code section 1231 were reduced in the case of
that were otherwise considered noncapital assets, based
certain real and depreciable, property by Code sections
on Code section 1221. Gains and losses from the
1245, 1251, 1252, and 1254, and in the case of certain
dispositions or transactions first had to be aggregated. If
mining property, by section 617. Net gains and certain
the overall result was a net gain, it was included in the
net losses under Code section 1231 also resulted from
computation of net long-term capital gain, but if the
involuntary conversions, not only of the property types or
overall result was a net loss, it was included in the
transactions otherwise covered by Code section 1231,
computation of ordinary income as a net loss from non-
but also of the capital assets defined in Code section
capital assets.
1221, if they were held for more than 6 months (or more
than one year after January 1988). Gain or loss from
For a long-term capital gain or loss, the required
involuntary conversions such as by condemnation were
holding period of the asset was more than one year for
included in the regular consolidation of Code section .
assets acquired before June 23, 1984 and after Decem-
1231 gains and losses. However, a separate netting of
ber 31, 1987. The long-term holding period was more
gains and losses was required for involuntary conversions
than six months for assets acquired after June 22, 1984,
by theft, or from fire, storm, shipwreck or other casualty,
and before January 1, 1988.
whether insured or uninsured. If the result was a net

167
 Corporation Returns/1993 - Explanation of Terms

Gains and losses resulting from involuntary conver- Code section 1252:
sions, due mostly to casualty and theft, received special Under Code section 1252, net gain d1r, oss from
treatment. Such losses were to be included in the noncapital assets included ordinary gains fro'A"the"Sale'or
computation of net gain or loss, nonc,apital assets. other disposition of certain types of farm lands which
However, some corporations reported them in Other would otherwise have been eligible for long'-'term'.capital
Deductions, in which case, the losses were included in gain treatment under section 123 1. Dispositions already
the statistics for Other Deductions. No attempt was regarded as ordinary gain or loss ming" section~-f 250 rules
made to recompute the net gain or loss from noncapital were excluded.
assets for such returns.
This recapture was based on a declining`ainpual per-
The amount of gains (but not losses) on dispositions of centage of total deductions for expenditures. The
property includable in the computation of net gain or loss percentage was reduced to zero when land was held for
under Code section 1231, was limited as a result of 10 years or more, at which time'thb additional recapture
sections 1245, 1250, 1252, 1254 (described below), and did not apply.
617. To the extent the amount eligible for capital gains
treatment was thereby reduced, the amount included in
thestatistics for net'gain or loss, noncapital assets, was Code section 1254:
increased. Code section 1254 required that a gain f rom the '
disposition of oil, gas, or geothermal property placed in
Code sections 1245 and 1250 applied to certain service' before January 1, 1987 be treated as'ordina'ry
depreciable property. Section.1 252 -prescribed additio.nal income. When the disposition of such property resulted
rules for much of this same property if it was used in the in a gain, the intangible, drilling costs, depletion, mine
business of farming, as well as for certain'other types of exploration and development costs were to be recaptured
property used in farming and covered under section under Code sections 263, 616, and 617.
1231. Section 617 applied to certain depletable
property. Net Income (or.Defi.cit)
This was the difference between gross re6eipts and
Code sections 1245 and 1250: the ordinary and necessary business deductions allowed
The depreciable o r amortizable property to which Code by the Code, and reflected not only actual receipts but
section 1245 applied ' was: (1) personal property other constructive receipts.as well (i.e., certain income fr6m
than livestock, whether tangible (such as machinery and Controlled Foreign Corporations' and foreign dividend
equipment) or intangible (such as patents and copyrights); gross-up). Interest from State and local. government
and (2) other tangible property including certain realty obligations was excluded from this item.
other than buildings and their structural components, if it
was,an integral part of specified
' business activities, or Net income was generally larger than the amounts
which constituted research or storage facilities used in shown in the statistics for Income Subjecf to,Tax.
connection with such activities. The business activities
' Certain statutory special deductions, including the'net
qualifying were manufacturing, production, extraction, or operating loss deduction, were allowed to*most cor~-
the providing of transportation, c ommunications, porations for computing their taxable income. Income
electrical energy, gas, water, or sewage 'disposal sdbject to tax generally represented net income reduced
services. by the statutory special deductions. These statutory
special deductions, however, were not.allowed to reduce
The depreciable property to which Code section 1250 certain taxable income of S corporations, life insurance
applied was depreciable real property not subject to companies, regulated investment companies, and real
recapture rules under section 1 245. In general, Ahis estate investment trusts.
.
p roperty consisted of buildings and their. structural
components,, in the c ase of tangible property; or Also, included in the net income was ordinary income
leaseholds of land, in the case of intangible property. from the normal trade or business activities of S
Section 1250 generally applied when depreciation was- corporations. Although the income wastakable to'the',
I
computed using an accelerated method of computation. shareholders, it wa's used for the statistics as a measure
of corp orate business activity for these companies. For
The amount of gain on dispositions, of depreciable tax purposes, net income for S'corporati ons excluded
property under Code sections 1 245 and 1250, treated as passive income such as rents and other portfolio invest-
ordinary income. and included in the statistics for net gain ments. (This 'income was also taxable to the share-
or loss, nonc apital assets, generally depended upon the hold ers.) Certain long-term capita( gains, however, were
amount of depreciation, or amortization for. certain- taxable
' to S corporations before the gains were passed
property, claim ed on the asset after a certain date prior
to its disposition.
'

168
 Corporation Returns/1993 - Explanation of Terms

through to the shareholders. These gains were excluded Net Long-Term Capital Gain Reduced by Net
from net income.
Short-Term Capital Loss
See "Net Capital Gains."
The -statistics for net income (or deficit) also included
the "effectively connected income" of foreign corpora-
tions operating in the United States. Generally, income Net Operating Loss Deduction
was considered effectively connected if the foreign See "Statutory Special Deductions."
corporation conducted a trade or business in the United
States and the income was attributable to that business. Net Shod-Term Capital Gain Reduced by Net
Long-Term Capital Loss
For non-life insurance companies subject to tax See "Net Capital Gains."
under Code section 831, the net income (or deficit) in this
report was the sum of investment income, the statutory
underwriting income, and certain other statutory receipts Net Worth
unique to these companies reduced by the ordinary Net worth represented the stockholders' equity in the
business deductions and certain other statutory corporation (total assets minus the claims of creditors).
deductions. In the statistics, net worth comprised the net sum of the
following items:
Some small non-life insurance companies could elect
to compute income tax on their taxable investment (1) capital stock;
income only. Under the election, they were not required (2) paid-in or capital surplus;
to report underwriting income. To make the election the (3) retained earnings, appropriated;
company's net or direct written premiums were required (4) retained earnings, unappropriated;
to be over $350,000 but not over $1,200,000. (5) less the cost of treasury stock.
Therefore, the statistics for net income included only net
investment income for those companies. Noncalendar Year Returns
Returns filed for a 12 month accounting period ending
In the statistics, the net income (or deficit) for life in other than December were included in this clas-
insurance companies, consisted of the gain or loss from sification. Figure B in section 1 shows the percentage of
operations adjusted by adding back the special returns filed for each of the accounting periods covered
deductions for dividends received and for operating losses in this report.
incurred. Gain or loss from operations included both
underwriting and investment income, reduced by ordinary
Nonconventional Source Fuel Credit
business deductions, additions to required reserves,
This credit was allowed for the sale of qualified fuels
certain other statutory deductions unique to these
produced from a nonconventional source. Prior to 1980,
companies, and deductions for dividends received and
no income tax credit was available for the production and
operating losses incurred.
sale of fuel derived from energy sources other than oil
. Provisions under Code section 1504(c) allowed and conventional sources of natural gas. Congress
encouraged the use of fuels derived from other energy
corporations to elect to include their domestic insurance
sources by providing a tax incentive for their production
companies in a consolidated tax return. There could be
and sale. Because these alternative fuels frequently com-
three separate components of this type of consolidated
peted with oil and gas, production incentives were linked
return: (a) non-insurance companies; (b) life insurance
to the uncontrolled price of domestic oil and were to
companies; and (c) non-life insurance companies.
be phased out when efficiently produced alternative fuels
could compete effectively with oil.
For companies which elected to file a consolidated
return under Code section 1504(c), net income in the
In general, the amount of credit was equal to $3 for
statistics represented the aggregate for the separate
each quantity of fuel that would yield energy equal to
components of the consolidation. However, specific
that of a barrel of oil, the so-called barrel-of-oil equiva-
limitations were imposed on the use of non-life business
lent which was approximately 5.8 million British Thermal
activity losses as an offset to life insurance gains for the
Units (BTU's). The Crude Oil Windfall Profit Tax Act of
purpose of computing income subject to tax and income
1980 provided a tax credit for the domestic production
tax. The income tax was based on the consolidated
and sale of qualified fuels to unrelated persons. Such
amount of income subject to tax. As a result, a
fuels generally had to be produced and sold after
consolidated return under Code section 1504(c) with a
December 31, 1979, and before January 1, 2003, from
net deficit could report income subject to tax.
facilities placed in service after December 31, 1979, and
before January 1, 1997, or from wells drilled after

169
 Corporation Returns/1993 - Explanation of Teems

December 31, 1979, and before January 1, 1993, on tached to the income tax return, Form 1120L. Form
properties which began production after December 31, requirements of the annual statement were prescribed
1979. Only production within the U.S., or a U.S. under State law. Consequently, data reported on the
possession was taken into account. annual statement were not always compara.ble,t,o those
reported on the balance sheet of the income tax returns
The credit was available for production and sale of the of noninsurance companies. For example,.only the net
following: amount of the accounts receivable was reported on the
annual statement for life insurance companies.
.(1) fuel produced from shale and tar sands; ,
(2) gas produced from geopressured brine, Devonian For mutual property and casualty insuranc6c'ompanies,
shale, coal seams, or a tight formation; balance sheet data were extracted from the income t ax
(3) gas produced from biomass; return, Form 11 20-PC, father than the annual statement,
(4) liquid, gaseous, or solid synthetic fuel (including beginning with 1987. The balance sheet on the Form
alcohol) produced from coal (including lignite), 11 20-PC provided for reporting both the gross receivables
including such fuels when used as feedstocks; and the allowance for bad debts. Prior to 1987, these
(5) qual.ifying processed wood fuels; and companies filed income tax returns on Form 1120M,
(6) steam from solid agricultural byproducts (not which di&'hot include a balance sheet. The balance
including. timber bypr.oducts). sheet data for the statistics were extracted from the
annual statements attached to the returns. Only' the net
The tax credit was to be phased out proportionately as amount of the accounts receivable was reported on the
the annual average wellhead price for a barrel of uncoh- annual statements. Therefore, the tax form change, from
trolled domestic oil (the reference price) rose, adjusted for Form 1120M to Form 1.120-PC, affected the compa-
I
inflation. The referenc e price was estimated by the rability of the balance sheet data, before and after 1987,
Secretary -of the, _Treasury and published, together with for mutual property and casualty insurance companies.
the inflation adjustment factor, by April of the year
I Stock property and casualty insurance companies also
following that for which the credit wa's*tci be computed.
the inflation adjustment factor was the gross national filed income tax returns on the. Form 11 20-PC, beginning
product (GNP) implicif'price deflator for thecalendar'year with 1987. However, prior to 1987 -these companies
expressed as a percent of the.GNP implicit price deflator reported balance sheet data on the income tax return,
for 1979. Form 1120, or Form 1120-A. Balance sheet data for
the statistics were not extracted from an annual state-
Notes and Accounts Receivable ment. Therefore, the change in tax forms did not affect
In general, notes and accounts receivable were the the comparability of balance sheet data for nonlife stock
gross amounts arising from business sales or services to insurance companies.
customers on credit during the ordinary course of trade or
business. These current , assets would., normally be Notes and Accounts Receivable, Net
c~nverted.to cash within 1 year..., This category included "Notes and accounts receivable, net" were presented
commercial paper, charge accounts, . current inter- in the statistics for tables 4 and 5. The amount shown
company receivables, property improvement loans, and was notes and accounts receivable after the. reduction for
trade acceptances. Curr,ent n.on'trade, receivables were the allowance for bad debts. Each of these terms is~
generally included in Other Current Assets. described separately under r its own heading in this
section.
Certain savings and loan associations reported loans
and mortgages as notes . and accounts receivable. When Number of Return s*
ideniffied, such mor tgage loans were' included. in the
fleturns of inactive corporations were excluded f rorn
statistics fo r Mortgage and Real Estate Loans, rather than
the statistics. (See Returns of Inactive Corporations.)
Notes and Accounts
' Receivable*
For most tables, the total number of returns represented
all active corporations which filed th~e'various types of
The gross amount of the receivables and ~the corre-
Form 11 20 tax returns sampled f or the corporate pro-
sponding adjustment account, Allowance for Bad Debts,
gram. For some tables, the number of returns was
were reported on the balance sheets of most corporation
limited to corporations which filed specific types of Form
income tax forms. For an explanation of the adjustment
1.1 20. Those included Form 11 20-A, Form 11 20S, and
account,I see: "Allowance for Bad Debts." Some corpora- Form 1120-F. The number of returns was limited for
tion;, ' however, reported only' the net amount of the
other tables by excluding specific types of Form, 1120.
accounts receivable.
Those tables were limited to Forms 11 20, other than
Forms 11 20S, 11 20-REIT" and 1 1.20-RIC. One table was
In the case of life insurance companies,, balance
limited to the number of consolidated returns of active
sheet data were extracted from the annual statement at-

170
 Corporation Returns/1993 - Explanation of Terms

corporations. The number of returns with net income Marketable securities, prepaid expenses (unless report-
was also provided in some tables, while other tables were ed as long-term), nontrade receivables, coupons and
limited to returns with net income. The number of dividends receivable, and similar items were included in
returns with income tax was provided in one table. See this asset account. Also included were amounts in
also "Consolidated Returns" and "Returns of Active excess of billings for contract work in progress reported
Corporations." as current by construction corporations.

Orphan Drug Credit (*) When reported by certain nonconsolidated financial

The orphan drug credit was due to expire June 30, companies, inventories were included in the statistics
1992. Under the Revenue Reconciliation Act of 1993, for other current assets, rather than for inventories.
the 50 percent credit for expenses of qualified clinical Those nonconsolidated financial companies included
tests of drugs used to treat certain rare diseases and banks, credit agencies, insurance companies, insurance
conditions was extended from June 30, 1992, through agents, brokers, real estate operators, lessors, and con-
December 31, 1994. In order to claim the credit, the dominium management and cooperative housing associa-
expenses must have been for a drug that was designated tions. Inventories were included in other current assets
as an orphan drug under Section 526 of the Federal Food, if reported by bank holding companies, whether a "pure"
Drug and Cosmetic Act. Form 6765 is used for claiming consolidated or nonconsolidated; however, if consolidated
the orphan drug credit. The income tax against which with nonfinancial subsidiaries, then inventories were not
the credit was applied was the remaining U.S. income tax moved to Other Current Assets.
after reductions by the credits for taxes paid to foreign
countries and possessions. Other Current Liabilities
Other current liabilities included certain amounts due
Other Assets (*) and payable within the coming year. The account was
In general, other assets comprised noncurrent assets comprised of accrued expenses, as well as current
which were not allocable to a specific account on the payables not arising from the purchase of goods and ser-
balance sheet, and certain assets not identified as current vices. Examples of other current liabilities were taxes
or noncurrent. Both tangible and intangible assets were accrued or payable, accrued employee accounts such as
included in this category. Also included were assets such for payrolls and contributions to benefit plans, dividends
as: deposits on contracts, interest discounts, and guar- payable, overdrafts, accrued interest or rent, and deposits
anty deposits, when reported as noncurrent assets. and withdrawable shares of banking and savings institu-
Other assets of life insurance companies included the tions, if not reported as long-term by the corporation. For
market value of real estate and that portion of stock and construction corporations, amounts for uncompleted
bond holdings in excess of book value. For statistical contracts or jobs in progress were included in this item,
purposes, in 1993 negative balance sheet asset accounts if reported as current.
have been moved to, and included in, the computation of
Other Assets. This procedure was adopted to address For certain banking and savings and loan institutions
the increased usage of negative items being reported on reporting deposits and withdrawable shares in Accounts
corporate balance sheets. This process may cause Other Payable, prior-year Corporation Source Book ratios were
Assets to become negative in certain situations. used to move amounts to Other Current Liabilities. In
1991, the use of prior-year ratios to move amounts from
When identified on the tax return, assets held for Accounts Payable to Other Current Liabilities was not
investment were not included in Other Assets. employed. Prior to 1991, for those certain banking and
savings and loan institutions, prior-year Corporation
Other Capital Assets Less Reserves Source Book ratios were used to move amounts to Other
Current Liabilities. Thus, due to the change in statistical
This item, shown in Tables 4 and 5, consisted of
treatment, Accounts Payable for 1991 tends to be
depletable assets less accumulated depletion, land and in-
overstated while Other Current Liabilities for 1991 tends
tangible assets less accumulated amortization. Each is
described separately under its own heading in this to be understated compared to pre- 1991 and 1992 data.
section.
Balance sheet data for mutual property and casualty
insurance companies were extracted from the income tax
Other Current Assets return, Form 11 20-PC, rather than the annual statement,
Other current assets included assets not allocable to a beginning with Tax Year 1987. Prior to that year, these
specific current account listed on the balance sheet of companies f iled tax returns on Form 11 20M, which did
the tax form and assets reported as short-term, but not include a balance sheet. The balance sheet data
without identification of a specific current account. were then extracted from the annual statement attached
to the returns.

171
 Corporation Returns/1993 - Uplanation of Terms

The comparability of balance sheet data could have itemized business deductions and other 'dedubtions
been affected by differences in reporting on the income unique to life and property and casualty insurance
tax return Form 1120-PC, beginning with 1987, and on companies.
the annual statement for years prior to 1987. Mutual
property and casualty insurance companies frequently For corporations filing a Form 1120-A, 'advertising,
included Losses in Other Liabilities on the income tax depletion, and deductions for pension, profit-sharing and
return. Whereas in prior years, Losses were reported on employee benefit plans were moved to the appropriate
the annual statement and included in Other Current item.
Liabilities during statistical processing. Thus, Other
Current Liabilities may be understated while Other The statistics for other deductions may include losses
Liabilities may be overstated, compared to the pre-1 987 resulting from involuntary conversions by theft, or from
data, obtained from the annual statement. fire, storm, shipwreck, or other casualty, if these losses
were reported in the taxpayer's own schedule for other
However, beginning in 1990, the Form 1120-PC deductions. For the statistics, no attempt was made to
provided a separate balance sheet line item specifically transfer the data to the ordinary gains or losses compu-
for the reporting of insurance liabilities (e.g. Losses)-., Foe tation.
purposes of this report, insurance liabilities were included
in Other Current Liabilities. Therefore, the treatment of Also included are any adjustment items reported by
Losses for mutual property and casualty insurance corporations and listed in other deductions. The statistics
companies tended to be uniform for all Form 1120-PC for Other Deductions excluded amounts for amortization
f ilers (returning to a pre- 1987 treatment). - reported on the Form 4562, Depreciation and
Amortization- and included net foreign currency loss for
, Stock property and casualty insurance companies also Regulated Investment Companies.
filed,income tax returns on the Form 11 20-PC, beginning
with 1987. However, prior to 1987 these companies Losses from involuntary conversions which were
reported balance sheet data on the income tax return, reported as ordinary losses on Form 4797, Supplemental
Form 1120 or Form 1120-A, rather than an annual Schedule of Gains and Losses, were included in the
statement. Therefore, the comparability of balance sheet statistics for Net Gain (or Loss), Noncapi tal Assets. See
data, before and after 1987, was not generally affected also the discussion under "Net Capital Gains."
* '
by the tax return filed by nonlife stock insurance
companies. . Other Investments
This category generally included long-term
Other Deductions (*) non-Government investments and certain investments foe
Other deductions comprised: (1) business expenses which no distinction could be made as to their current or
which were not allocable to a specific deduction item on long-term nature. Non-Government investments wer e
the tax return, or which were not included elsewhere on generally not held for conversion to another form of
the tax return, and (2) certain amounts which w6re given investment within the current year. Examples of
special treatment in the course of'statistical processing, non-Government investments included stocks, bonds,
and (3) the amount for salaries and wages,reported on loans to subsidiaries, treasury stocks reported as assets,
the tax return for tables 2 and 3 only (salaries and wages and other types of financial securities.
data are shown separaitely in tables 6-17, 19, 24 and 25).
Real estate not reported as a fixed asset could also be
The first category included such items as administra- included. In certain instances, land and buildings,owned
tive, general, and selling expenses; bonuses and commis- by real estate operators (except lessors of real property
sions (unless reported as cost of goods or salaries and other than buildings) were reported as Other Investments.
wages); delivery, freight, and shipping expenses; sales Certain insurance carriers also included their real holdings
discounts; travel and entertainment expenses; utility (other than their home and branch office buildings and
expenses not reported as part of the cost of goods sold; equipment) in this asset category.
and similar items. Certain dividends may be deducted
from an employee stock ownership plan under section When inventories were reported by companies within
404(k). For meal and entertainment only 80 percent is, certain financial industries, the amounts were included in
deductible, with a'few exceptions. The second category the statistics for- Other Investments. For commodity
included intangible drilling costs,- unrealized profit'on brokers, dealers, and exchanges and other holding and
current-year installment sales, direct pensions (paid by a investment companies (except bank holding companies),
company to an individual but not to pension plans), inventories were included in Other Investments for those
employee welfare (but not payments to welfare or benefit companies which were nonconsolidated or consolidated
plans), moving expenses (for employees), partnership net with only financial subsidiaries. Inventories were
losses, and patronage dividends paid. Also included were included in Other Investments when reported by security

172
 Corporation Returns/1993 - Explanation of Terms

Stock property and casualty insurance companies also Part-Year Returns

filed income tax returns on the Form 11 20-PC, beginning Part-year returns were those filed for accounting
with 1987. However, prior to 1987 these companies periods of less than 12 months. Such returns were filed
reported balance sheet data on the income tax return, as a result of business liquidations, reorganizations,
Form 1120 or Form 1120A rather than an annual mergers, and changes to new accounting periods. Data
statement. Therefore, the comparability of balance sheet from part-year returns were included in the statistics.
data, before and after 1987, was not generally affected (See Figure B in section 1 for the percentage of returns
by the tax return filed by nonlife stock insurance filed for each of the accounting periods covered in this
companies. report.)

Other Receipts (*) Pension, Profit Sharing, Stock Bonus, and

Other receipts included amounts not elsewhere
Annuity Plans
reported on the return form, such as: profits from sales of
Employers who maintained a pension, profit-sharing or
commodities other than the principal commodity in which
other funded deferred compensation plan were required
the corporation dealt; income from minor operations; cash
to file a Form 5500, 5500-C, 5500-R, or 5500-EZ
discounts; income from claims, license rights, judgments,
depending on the number of participants. Contributions
and joint ventures; net amount earned under operating
made by employers to these plans were deductible under
agreements; profit from commissaries; profit on
Code section 404. Excess contributions could be carried
prior-years' collections (installment basis); profit on the
over to succeeding years.
purchase of a corporation's own bonds; recoveries of
losses and bad debts previously claimed for tax purposes;
Amounts labeled "pension" in the Other Deductions
refunds for the cancellation of contracts; and income
schedule were included in the statistics for contributions
from sales of scrap, salvage, or waste.
to pension and profit-sharing plans. The combined
amount for companies other than mining companies that
Also regarded as other receipts were unidentified and
reported an amount for a combination of welfare/
certain dividends received, such as from Federal Reserve
retirement plans was included in the statistics for
and Federal Home Loan Banks, and from the following
contributions to pension and profit-sharing plans.
special classes of corporations: corporations deriving a
Amounts found in Other Deductions for an 11 20-A return
large percent of their gross income from sources within
.identified, as pension and profit-sharing, stock bonus, and
a U.S. possession, when they did not provide detailed
annuity plans, were included in these statistics.
attachments; and tax-exempt charitable, educational, reli-
gious, scientific and literary organizations, and mutual
This item was not reported for Regulated Investment
and cooperative societies including farmers' cooperatives.
Companies and Real Estate Investment Trusts.
Also included are any adjustment items reported by
corporations and listed in other income. Payments with
Pension and profit-sharing identified as part of the cost
respect to security loans and net foreign currency gains
of sales and operations, or capitalized under Section
for regulated investment companies were also included.
263A, was excluded from cost of sales and included in
See also "Business Receipts."
the statistics as pension or profit-sharing plans.

Overpayments less Refund (*) Personal Holding Company Tax (*)

This includes 1992 overpayments credited to 1993
In addition to the regular income tax and the alterna-
plus 1993 estimated tax payments less 1993 refund
tive minimum tax, corporations classified as personal
applied for on Form 4466. This item was reflected in
holding companies could be liable for a tax. The Revenue
Tables 18 and 20.
Reconciliation Act of 1993 increased the personal holding
company tax rate to 39.6 percent, effective for tax years
Paid-In or Capital Surplus beginning after December 31, 1992.
This balanze sheet item comprised additions to the
corporation's capital from sources other than earnings. Under prior law, the tax was equal to 28 percent of
These sources included appreciation of assets, receipts their undistributed personal holding company income. A
from the sale of capital stock in excess of stated value, corporation was treated as a personal holding company
stock redemptions or conversions, and similar transac- under Section 542 if at least 60 percent of its adjusted
tions. The amounts shown were after deducting any ordinary gross income for the tax year was personal
negative amounts. holding company income and, at any time during the last
half of the tax year, more than 50 percent of the value of
its outstanding stock was owned directly or indirectly by
not more than five individuals.

174
 Corporation Returns/1993 - Explanation of Terms .

broke"rs and- dealers, whether consolidated or non- Other Liabilities (-)

consolidated. - Other liabilities were obligations which were not
allocable to a specific account on the balance sheet and
The -statistics may be somewhat overstated by which were either noncurrent accounts, in general not
amounts reported for treasury stock. When treasury due within 1 year, or accounts which could not be
stock held Jor resale or for future distribution was identified as either current or long-term. The excess of
reported as, an asset, rather than a liability, the treasury reserves for amortization, depreciation, and depletion
stock. was,,included in the statistics for Other Invest- over the respective asset accounts were included in this
ments. balance sheet account.

Balance sheet data for mutual property and casualty Examples of other liabilities were deferred or unearned
insurance companies were extracted from the income tax income not reported as part of a current account,
return, Form 11 20-PC, rather than . the annual state- provisions for future taxes based-on the effects of either
ment, beginning with Tax Year 1987. Prior to 1987, accelerated depreciation or possible income tax adjust-
these companies filed tax returns on Form 11 20M, which ments such as for the investment credit, and principal
did not include a balance sheet. The balance sheet data amounts of employee and similar funds. Accounts and
were'then extracted from the annual statement attached notes payable, borro"Wed securities, commissions, inte'r-
to the returns. company accounts, loans, overdrafts, and unearned
income are -also included. For statistical purposes, in
Some mutual property and casualty insurance comp6- 1993 negative balance sheet liability accounts have been
nies included Investments in Government Obligations moved to, and included in, the computation of Other
with Other Investments on the income tax return, Form Liabilities. This procedure was adopted to address the,
11 20-PC; When identified, the amounts were included in increased usage of negative items being reported on
the statistics for Investments in Government Obligations corporate balance sheets. This process may cause Other
and excluded from- Other Investments., Liabilities to become negative in certain situations.

The.. comparability of balance sheet data could have Balance sheet-data for mutual property and casualty
been affected by differences in reporting on the annual insurance companies were extracted from the income tax
statement for years prior to 1987 andon the income tax return, Form 11 20-PC, rather than the annual statement,
return.Form 11 20-PC, beginning with 1987. Comparison. beginning ~ with Tax Year, 1987. Priorto that year, these
of data reported on the annual statement to that reported companies filed tax returns on Form, 1 120M, which did
on the Form 1120-PC indicated that Investments in not include a balance sheet. The balance sheet data
Government Obligations was often more. clearly identified were then extracted from the annual statement attached
on the anrilual statement than on th e income tax return. to the returns.
Thus, the statistics could be overstated for Other Invest-
ments and understated"for Investments in Government .The comparability of balance sheet data could have
Obligations, to the extent that Investments in Govern- been affected by differences in reporting,on the income
merit Obliga,tions may not have been identified on the tax tax return Form 11 20-PC, beginning with -1987, and on
return. the annual statement for years prior to 1987. Mutual
property and casua.Ity. insurance companies frequently
Stock property and casualty insurance companies also included Losses in Other Liabilities on the income tax
filed income tax returns on the Form 11 20-PC,. beginning return. Whereas in-prior years, Losses were reported on
with 1987. However; prior to 1987 these companies the annual statement and included in Other Current
reported balance sheet data on the income tax return, Liabilities d,uring statistical processing. . Thus, -Other
Form 1120 or'Form 1120-A, rather than an annual Liabilities may be overstated while Other Current Liabil-
statement. Therefore, the comparability of balance sheet ities may be understated, compared to the pre-1 987 data,
data, before and after 1987, Was 'not generally affected. obtained from the annual statement.
by the tax return filed by nonlife stock insurance
companies. However, beginning in .1990, the Form 1120-PC
provided a separate balance sheet line item specifically
Other Investments. and Loans for the_reporting.of insurance liabilities (e.g., Losses). For
This item, shown in Tables 4 and 5, was the sum of purposes of this report, insurance liabilities- were included
loans to stockholders, mortgage and real estate loans, in Other Current Liabilities. Therefo re, the treatment. of
and other investments. Each was described separately Losses* for mutual property and casualty insurance
under,its own heading in this section. companies tended to be uniform for all Form 1120-PC
f i lers. (returning to a pre- 1987 treatment).

173
 Corporation Returns/1993 - Explanation of Terms

The tax was imposed on the personal holding com- sources of electrical current; originally used by the
pany's undistributed income after certain adjustments taxpayer; and acquired for the taxpayer's own use and
less the dividends paid deduction. Since most personal not for resale. Qualified Electric Vehicles placed in
holding companies distributed all of their personal holding service after June 30, 1993, were eligible for a credit
company income, only a small number were actually that was equal to the lesser of 10% of the cost of the
liable for the tax. qualified electric vehicle after the reduction by any
section 179 expense deduction claimed for the vehicle in
The tax was included in the statistics for industries Part I of Form 4562 or $4,000. The basis of any vehicle
other than Holding and Other Investment Companies, be- for which the credit is allowed must be reduced by the
cause a personal holding company could be a subsidiary amount of the credit. Vehicles that qualified for this
included in a consolidated return classified in another in- credit were not eligible for the deduction for clean-fuel
dustry. The following corporations were exempt from vehicles under section 179A.
personal holding company tax: corporations exempt from
income tax, banks, domestic building and loan associ- Real Estate Investment Trust
ations, life insurance and security companies, certain Certain corporations, trusts, or associations elected to
lending and finance companies, foreign personal holding be taxed as a real estate investment trust (REIT). To
companies, and certain small business investment qualify as a real estate investment trust, the trust had to
companies. meet certain ownership, purpose, income and diver-
sification requirements. A beneficial ownership of the
The statistics could be slightly understated because trust had to be established through transferable shares or
the personal holding company tax was not always transferable certificates of beneficial interest. Although
reported separately from the regular income tax. the beneficial ownership had to be held by 100 or more
persons, this rule did not apply for the first tax year of the
Prior Year Minimum Tax Credit trust. The trust could not be closely held; i.e., five or
Beginning in 1988, corporations could reduce their fewer persons could not hold ownership of more than 50
regular income tax liability with the prior year minimum percent of the trust. This rule did not apply for the first
tax credit, if an alternative minimum tax had been paid tax year of the trust.
for any year after 1986. The credit was designed to
prevent double taxation of the same income. The dual To qualify as a real estate investment trust for any tax
tax could result from the imposition of tax on the same year, the trust also had to satisfy certain gross income
income under the alternative and regular tax systems. and diversification of investment requirements. These re-
Under the alternative tax system, a corporation could be quirements were established through limitations on
required to pay a portion of tax that would otherwise be income. The limitations were imposed on the compo-
deferred under the regular system. The minimum tax nents of income and percentages of total gross income
credit could act as a mechanism to coordinate the two from certain components. For the purpose of computing
tax systems. the limitations, certain prohibited income was excluded
from the total gross income.
The credit was allowed for a portion of the alternative
minimum tax from a prior year. The prior year alternative At least 95 percent of the total gross income of a real
minimum tax was recomputed to disregard three tax estate investment trust was required to be from: (a)
preference items: percentage depletion, charitable dividends, (b) interest, (c) rents from real property, (d)
contributions of appreciated property, and tax exempt gain from the sale of stock, securities, and real property,
interest on bonds. The credit was limited to the excess (e) abatements and refunds of taxes on real property, (f)
of regular tax after credits over the current year tentative income and gain from foreclosure property, (g) gain from
minimum tax. Any unused portion of the prior year the sale of a real estate asset which was not a prohibited
minimum tax credit could be carried forward indefinitely asset, and (h) amounts received or accrued as
to reduce the regular tax. The credit was not designed to consideration for entering into agreements:
reduce any minimum tax liability. There were no
carryback provisions for this tax credit. See also (1) to make loans secured by mortgages (on real
"Alternative Minimum Tax." property or on interest in real property); or
(2) to purchase or lease real property (including
Qualified Electric Vehicle Credit (*) interest in real property and interest in mortgages
A qualified electric vehicle is a motor vehicle that is on real property).
manufactured primarily for use on public streets, roads,
and highways, and has at least four wheels; powered At least 75 percent of the total gross income of a real
primarily by an electric motor drawing current from estate investment trust had to be derived from (a) rents
rechargeable batteries, fuel cells, or other portable from real property, (b) interest on obligations secured by
mortgages on real property (or on interests in real

175
 Corporation Returns/11993 - Explanation of Terms

property), (c) gain from the sale of real property (included the difference between the credit originally-'claimed,
interests in real property and interest in mo rtgages on based on the intended life in the year of acqui~iiion, and
real property) which was not prohibited property ' or the'dredit that would have been allowed, based on the
property held primarily for sale to customers in the actual life in the year of disposition or disqualification.
ordinary course of business, (d) dividends and gain from
the sale of transferable shares (or iransferable certificates For investment "credit property-placed in sdrvice after
of beneficial interest) in other qualified real estate invest- 1980, a 2-percent recapture rule applied. " The regular
ment trusts (e) abatements and refunds of taxes on real credit was computed upon early disposition by allowing
pro perty, (f) income and gain from foreclosure property, a 2 percent credit for each. year the property: "Was held.
(g) ' gain from the sale of a real estate asset which was Therefore, no recapture was required foe eligible 5-year,
not a prohibited sale, and (h) amounts received or 1 0-year, or 1 5-year recovery property held for- at least 5
accrued as consideration for entering into agreements years or for eligible 3-year property held f6r-at least 3
concerning real pr6perty. years. If certain listed property such as transportation,
entertainment, recreation or am' usement property placed
Less than 30 percent,of the total gross income of 'a in service after June 18, 1984, ceased to bei used pre-
real estate, investment trust could be derived from the dominantly for business, corporations would have to
sale or other disposition of: (a) stock or securities held for .recapture the' investment credit claimed for the property-
less than one year, (b) property in a transaction which Unless otherwise indicated, the recapture .,tax of
was a prohibited transac tion, and (c) real property investment credit was included in the statistics for
(including interests in yeal' property and interests in Income Tax in this report. See also "Investment Credit."
mortgages on real property) held for less than four
years other than: Recapture of Low-income Housing Credit -
The Tax Reform Act of 1986 introduced the
M_ property converted involuntarily or in compliance low-income housing credit. The Tax Act made the credit
with tax laws, and availabl e for owners of qualified residential rental
(2) property which was foreclosure property. property which provided low-income housing. A 15 year
compliance period for maintaining certain requirements
At the close of each quarter of a taxable year, a real was imposed on the residential rental building. Since the
estate investment trust also had to satisfy certain asset
low-income housing credit was first claimed for Tax Year
requirements. At le ast 75 percent of its total.assets were
1987, the recapture became
' applicable for 1988.
to consist of real 'estate assets, cash and cash items
(including receivables), and Government securities. , No
A part of the low-income housing credit, claimed, in a
more than 25 percent of its total assets could consist of -previous year, had to be recaptured in a current tax year
securities other than Government securities. Limitations throughout the compliance period when:
were further imposed on the amount of securities that
could
. be issued to the trust by any one issuer. For-a (1) an owner's qualified basis in the building de-
sin gle issuer, the value of securities was limited to 5
creased from the previous tax year, or
percent of the total assets of the trust and to 10 percent
.(2) the building or an interest in the building was
of the outstanding voting securities of the issuer.
disposed of after the credit.was taken in previ-
ous years, or
Financial institutions, such as mutual savings ~banks, (3) a building failed to meet the percentage require-
cooperative banks, domestic building and loan associa-
ments for the number of low-income units ("set
tions, savings and loans associations and insurance
aside" requirements).
companies to which subchapter L of the Code applies
could not make this election. Foreign corporations were
The decrease in basis had to exceed any additions to
also excluded from this provision of U.S. tax law.
the qualified basis in the property after the property was
placed in service. The recapture rule was' not required for
Re'capture of Investment Credit disposition of a building, if the owner had posted a
This tax was formerly described as Tax from Recom- satisfactory bond.
puting Prior-Year Investment Credit, in the statistics. The
recapture tax was required when depreciable (or The amount of the recapture was based on the
amortizable) property, used in computing the investment accelerated portion of the low-incom.e housing credit
credit of a prior year, was either disposed of or ceased to claimed in previous years. This amount was generally
be qualifying property before the end of its useful life eq uivalent to one-third of the previously claimed credit:
assumed at the time the credit was originall y computed. The' decrease in qualified basis, expressed as a perpen t of
the. tot a[ qualified basis in the rental property, was
The tax was payable for the year in which the property applied to the accelerated portion of the credit. For cases
was disposed of or became disqualified. It amounted to involving the disposition of the building or failure to meet.

176
 Corporation Returns/1993 - Explanation of Terms

the percentage requirements for low-income units, the regulated investment company. This deduction had to
full amount of the accelerated portion of the previously equal or exceed the sum of: 90 percent of the company's
claimed credit was to be recaptured. taxable income (without regard to the dividend deduction)
and 90 percent of its net income from tax exempt
Interest was added to the recaptured accelerated obligations.
portion of the credit to determine the final amount of the
credit recapture. The interest was charged at the Certain rules limiting diversified investments were also
federally prescribed overpayment rate and determined imposed on a regulated investment company. The
quarterly. The interest could not be used as a business company was required to meet those rules at the close of
deduction against income. each quarter of its taxable year. At least 50 percent of
its total assets had to be cash and cash items (including
No income tax credits could reduce the amount of the receivables), Government securities, securities of other
credit recapture. Any amount of unused low income regulated investment companies and other securities.
housing credit, carryforwards and carrybacks, were also
to be decreased by the amount of the recapture. Limitations were further imposed on the amount of
securities that could be issued to a regulated investment
Refund of Estimated Tax Payments company by any one issuer. For a single issuer, the value
A corporation which determined that it had overpaid its of securities was limited to 5 percent of the total assets
estimated tax could file for a quick refund or adjustment of the regulated investment company and to 10 percent
of the overpayment even before it filed its return. The of the outstanding voting securities of the issuer. Not
estimated tax overpayment had to be at least $500 and more than 25 percent of the total assets of the regulated
be at least 10 percent of the expected final income tax investment company could be invested in securities of
liability reported on the tax return. The application for any one issuer, or of two or more issuers (if controlled by
refund had to be made within 2-1/2 months after the the regulated investment company) engaged in the same
close of the taxable year and before the corporation had or similar trades or businesses.
filed its income tax return.
If a regulated investment company had more than one
Regular Tax fund, each fund was treated as a separate corporation for
income tax purposes.
See "Income Tax."

Regulated Investment Company Renewable Electricity Production Credit (*)

The renewable electricity production credit was a
A regulated investment company had to be a domestic
result of the Energy Policy Act of 1992. Section 45 of
corporation registered with the Securities and Exchange
the act provided a credit equal to 1.5 cents per kilowatt
Commission. The company was registered as a man-
hour for electricity produced from qualified wind energy
agement company, business development company, or a
or closed-loop biomass and sold to an unrelated person.
unit investment trust (defined under the Investment Act
The facility from which the electricity was produced must
of 1940) or a common trust fund or similar fund
have been originally placed in service after 1992.
(excluded from the definition of investment company
under the 1940 Act) which was not exempt from taxation
The renewable electricity production credit was
as a corporation under section 584 of the Internal
included in Table 21 as a separate component of the
Revenue Code.
general business credit.
A regulated investment company was required to
derive at least 90 percent of its gross income from divi- Rent Paid on Business Property (*)
dends, interest, payments related to securities loans, and This deduction consisted of rents paid for the use of
gains from the sale of stock or securities, foreign land, buildings or structures, and rents paid for leased
currencies, or other income related to its business of roads, rolling stock, and work equipment for railroad
investing in such stock, securities or currencies. Less companies. Also included in rents paid was the leasing
than 30 percent of the total gross income could be of vehicles. Some corporations reported taxes paid and
derived from the sale or other disposition of any of the other specific expenses with rents paid. When identified,
following held for less than three months: stock or those items were included in the statistics for the
securities, options, futures, forward contracts, or foreign respective deductions and excluded from Rents Paid.
currencies not directly related to a company's principal
business. Rent identified as part of the cost of sales and opera-
tions, or capitalized under Section 263A, was excluded
Certain restrictions also applied to the deduction for from cost of sales and included in the statistics as rent
dividends paid (excluding capital gain dividends) of a paid on business property.

177
 Corporation Returns/1993 - Explanation of Terms

Rents humanities. However, research funded by-another per-

son, by a grant, or by a government agency was ineligible
These were the gross amounts received for the use or
occupancy of property. Expenses related to rental for the credit.
property, such as depreciation, repairs, interest paid, and
taxes paid, were not deducted directly from the rental The research activities credit (but not the orp-h,an drug
income, but were reported as business deductions from credit) was claimed as one of the componeiit6 of the
general business credit. For a discussion of f~b .61come
total receipts. Corporations engaged in manufacturing,
public utilities, wholesale and retail trade, and services tax limitations and carryback and carryforward provisions
of the credit, see also "General Business'Credit."
frequently leased rather than sbid their products. Those
rental incomes were included in the statistics for Business
Receipts, rather than in Rents. For real estate operators The research activities credit was inclUded (as a
component) in the general business credit shown; in the
and condominium management and cooperative housing
associations, rental income was included in Business tables. The components of the general business credit
were shown separately in Table 21.
Receipts rather than in Rents, if the expense schedule
indicated that the owner operated the.building rather than
leased it. Rent received by hotels, motels and other Retained Earnings, Appropriated
lodging places was also included in Business receipts. No Earnings set aside for specific purposes and not
rent is reported for Regulated Investment Companies or available for distribution to stockholders were*inclUded
S corporations. under this heading. Included were guaranty funds (for
certain finance companies), reserves for plant expansion;
Repairs bond retirements, contingencies for extraordinary losses-
Repairs reported as an ordinary and necessary business and general loss reserves. 'Also included Were the total
amount of all the companies' reserves not defined as
expense were the costs of maintenance and incidental
valuation reserves or reserves included in other liabilities.
repairs and could include the cost - of. labor, supplies and-
other items which did not add to the value or appreciably Specifically excluded werethe reserves for-bad debts,
depreciation, depletion, and amortization, which are
prolong the life of the property. , Expenditures for
permanent improvements which increased the cost or shown separately in this rep ort. Unrealized appreciation
was included in retained earnings unappropriated.
basis of the property were treated as capital expenditures
and were generally depreciable. Regulated investment Unrealized profits were included in other liabilities.
companies do not report.Repairs. Unearned income, if not current, was also included in
other liabilities. Any amount of retained earnings not
identified as appropriated or unappropriated was consid-
Research Activities Credit ered unappropriated for purposes of these statistics.
The research activities tax credit did not apply to
amounts paid or incurred after June 30, 1992., The 20-
Retained Earnings, Unappropriated
percent credit for increased qualified research expenses
Retained earnings, unappropriated, consisted of the
and basic -research payments to universities and other
retained earnings and profits of the corporation less any
qualified organizations was extended from June 30, 1992
through June 30, 1995 by the Revenue- Reconciliation reserves (these reserves are -shown in the statistics as
Act of 1993. Retained 'Earnings, Appropriated). Dividends and dist-
ributions to stockholders were paid from this account.
The research credit was the sum of: 1) 20 percent of These accumulated earnings included income from normal
and discontinued operations, extraordinary gains or
the excess of qualified research expenses for the current
losses, and prior period adjustments. Also included'were
year over the average research expenses in the base
period (the three immediately preceding tax years) and 2) undistributed or undivided earnings (income or profits),
20 percent of the University basic resear ch payments. and earned surplus. For railroads, these earnings included
The base period research expenses could never
' comprise additions to property and funded debt retired through
less than half of the qualified research expenses for the income and surplus. , The statistics presented Net
current tax year. In the case of a short taxable year, amounts, after reduction for,negative amounts reported.
research expenditures were annualized.
Beginning with 1990 and continuing thereafter, the
Research was limited to research undertaken to statistics included amounts from Forms 11 20S. The data
discover information, technological in nature and useful for prior years were shown separately for the Forms
in. the development of a new or improved business 11 20S as "Other Retained. Earnings, 11 20S" in most
component. The research had to bek conducted within the tables. ~ The components of. "Other Retained Earnings,
11 20S" were shown separately in the tables limited to
United States and could not involve the social sciences or
Form 11 20S returns.

178
 Corporation Returns/1993 - Explanation of Terms

Returns of Active Corporations S Corporation Returns (*)

These retbms were the basis for all financial statistics Form 11 20S, U.S. Income Tax Return f or an S corpo-
presented in the report. They comprised the vast ration, was filed by corporations electing to be taxed
majority of the returns filed, and were defined for the through their shareholders under Code section 1362.
statistics as returns of corporations reporting any income
or deduction items, including tax-exempt interest. Certain closely-held taxable corporations were first
given special treatment in 1958. Subchapter S of t he
Returns of Inactive Corporations Internal Revenue Code -- frorn which these corporations
'
Corporations in existence during any portion of the take their name -- provides a set of restrictive criteria
taxable year were required to file a return even though which a company must meet in order to qualify. S
they may have been inactive (Code section 6012(a)(2)). corporations file Form 11 20S, U.S. Tax Return for an S
Inactive corporations were defined for this report as Corporation. Although some of the details have changed
returns showing no item of income or deduction. over the years, S corporations had to meet the following
Financial data from these returns were excluded from the criteria for 1993:
statistics.
(1) no more than 35 shareholders;
(2) only individuals as shareholders (with an
Returns With Net Income exception for estates and trusts);
Returns with net income were those showing gross
(3) no nonresident alien shareholders; and only
taxable receipts exceeding the ordinary and necessary
one class of stock.
business deductions allowed by the Code. See also "Net
Income (or Deficit)."
Corporations that were ineligible to be treated as S
corporations were:
Returns Without Net Income
Returns without net income were those for which (1) a member of an affiliated group eligible for
ordinary and necessary business deductions allowed by inclusion in a consolidated return;
the Code exceeded gross taxable receipts. In addition to (2) a financial institution (mostly banks) to which
deficit returns, this classification also included returns Internal Revenue Code section 585,
whose gross taxable receipts and business deductions concerning deductions for additions to
were equal. See also "Net Income (or Deficit)." reserves for losses of bad debts, applied-,
(3) an insurance company subject to tax under
Royalties Subchapter L of the Internal Revenue Code;
Royalties were gross payments received, generally on (4) a corporation which elected to take advantage
an agreed percentage basis, for the use of property rights of the U.S. possessions tax credit; or
before taking deductions for depletion, taxes, etc. (5) an Interest-Charge Domestic International
Included were amounts received from such properties as Sales Corporation (IC-DISQ, or a former DISC.
copyrights, patents, and trademarks; and from natural
resources such as timber, mineral mines, and oil wells. An S corporation election terminates if any of the
Expenses relating to royalties, depletion or taxes, were Code's eligibility rules are violated. An election is also
not deducted directly from this income, but were reported terminated if a corporation's passive investment income
among the various business deductions from total gross exceeds specified limits.
income. No royalties are included in the statistics for
Regulated Investment Companies, Real Estate Investment An S corporation is mostly a tax-reporting, not a tax-
Trusts and S corporations. paying, entity. There is, in general, no corporate-level
tax; instead, income is taxed to the shareholders
Excluded from the statistics were certain royalties immediately, whether or not actually distributed. The
received under a lease agreement on timber, coal de- corporation reported gross income and allowable
posits, and domestic iron ore deposits, which were deductions from its ordinary trade or business activities.
allowed special tax treatment. Under elective provisions The net income (total income less total deductions) from
of Code section 631, the net gain or loss on such the corporation's ordinary trade or business was taxable
royalties was included in the computation of net gain or to its shareholders whether actually passed through or
loss on sales or exchanges of certain business property deemed distributed. In contrast, income from passive
under section 1231. If the overall result of this compu- activities as well as income from portfolio investments
tation was a net gain, it was treated as a long-term could not be reduced by related expenses before being
capital gain. If the overall result was a net loss, it was passed through to the shareholders. Generally, each
fully deductible in the current year as an ordinary shareholder's share of the income and expenses and the
noncapital loss. See also the discussions of "Net Capital net income from the trade or business of the corporation
Gains" and "Net Gain (or Loss), Noncapital Assets." is passed through pro-rata on a per-share, daily basis.

179
 Corporation Returns/1993 - Explanation of Terms

The income and expenses related to passive activities credit. Also, see "Excess Net Passive Income Tax" for a
and portfolio investments and the net income (or loss) description of that tax as provided under Sulb~'hapter S of
from the business operations are reported on Schedule K the Code.
of the Form 11 20S.
Salaries and Wages
The Tax Reform Act of 1986 required that all S Salaries and wages included the amount of salaries
corporations use a permitted tax year, regardless of when and wages paid by the corporation for the tax year, less
they became S corporations. A permitted tax year was the amount of any jobs credit, empowerment -zone credit
a tax year ending December 31 (a calendar tax year) or or Indian employment credit. Expenses sucli as bonuses,
any other ending accounting period, if the S corporation directors' fees, wages, payroll and salaries'listed in the
established a business purpose for the accounting period other deductions schedule were included with the
to the satisfaction of the Internal Revenue Service. The statistics for salaries and wages. Salaries and wages did
permitted tax year was effective for tax years which not include items deductible elsewhere on the return,
began after December 31, 1986. Subsequent changes to such as contributions to a 401 (k) plan, amounts
this provision allowed S corporations an election to have contributed under a salary reduction SEP agreement or
an accounting period other than the permitted tax year. amounts included in cost of goods sold. The cost of
Certain restrictions were imposed on the election. goods sold schedule only included those salaries and
wages paid or incurred that, had a direct,bearing on the
Also added by the 1986 Tax Act, Code section 469 price either of the product mined or manufactured, or of
generally limited shareholders from offsetting any income the service rendered. In addition, compensation of
that was not from passive activities with losses from officers was not included with salaries and wages since
passive activities. The shareholders also could only it is listed as a separate deduction item on the return.
offset taxes on income from passive activities with The statistics for salaries and wages are shown
credits from those passive activities. These limitations separately in tables 6-17, 19, 24 and 25. However, in
-
required that S corporations report- income or loss tables 2 and 8, salaries and wages is included with the
separately on Schedule K for each of the following types statistics for other deductions.
of passive activities: (1) rental real estate activity,'(2)
rental activity other than ieal estate rental, and (3)
portfolio income and related expenses not derived in the
Size of Business Receipts
ordinary course of a trade or business, such as interest, Returns for nonfinance industries were classified by
size of gross receipts from sales and operations. Returns
dividends and royalties, for example. Other items that
were separately stated on Schedule K included: section of industries within the finance, insurance, and real
1231 net gain or loss; charitable contributions; section estate industrial division were classified by size of total
179 expense deduction; low-income housing credit, receipts (the sum of business receipts and investment
qualified rehabilitation expenses, and other credits; income). See also "Business Receipts" and "Total
investment interest expense; and tax preference and Receipts."
adjustment items for shareholders to compute their
alternative minimum tax. Size of Income Tax After Credits (*)
I
This classification was based on the amount of total
An S corporation converting from a regular taxable income tax less the sum of credits for: foreign taxes; U.S.
corporation after 1986 generally incurs a corporate-level possessions tax; orphan drug research; the production or
tax on any "built-in gains", which occur when the S sale of fuels from nonconventional sources; qualified
corporation disposes of an asset in a taxable disposition electric vehicle; general business incentives; and prior
within 10 years after the date on which the S election year minimum tax. Total income tax included the regular
took place. Gain is "built-in" to the extent that the net tax, personal holding company tax, recapture taxes for
appreciation of the assets sold occurred prior to the investment credit and low-income housing credit,
corporation's election to be taxed as an S. The highest alternative minimum tax, environmental tax, branch tax
corporate tax rate (applicable to that type of income) is (Form 1120-F), taxes paid by real estate investment
applied to the lesser of (1) the recognized built-in gain trusts on certain income from: foreclosure property,
that is not taxed for that year or (2) the amount that failure to meet source of income requirements, and
would be the taxable income of the corporation if it were prohibited transactions (Tax from Part 11, Part III, and Part
not an S corporation. IV, Form 11 20-REIT, respectively), tax on undistributed
net capital gain of regulated investment companies (Tax
Certa in tax credit carry forwards from C corporation f rom Part 11, line 4, Form 11 20-RIC), taxes, paid by S
years are
' used to offset the built-in gains tax. Total corporations on excess net passive income, certain
income tax in the statistics also includes taxes paid by S capital gains, net recognized built-in gains, and
corporations for the recapture of LIFO inventory, capital adjustments to income tax. For S corporations, only the
gains tax, and for recomputing a prior year investment tax on certain net recognized built-in gains was reduced

180
 Corporation Returns/1 993 - Explanation of Terms

by a carryoV er of general business credits from previous reported on the Corporation Application for
years as 4 C' corporation. Tentative Refund (Form 1139) or on amended
income tax returns, (Form 11 20X). Neither were
used for this report. In general, losses were
Size of Total Assets carried back over a 3-year period,
Size of total assets was based on the amount reported
chronologically, and any amount not offset
in the end-of-year balance sheet. Returns with zero
against income during that time could then be
assets were used as a classification for returns of: (1)
carried forward against income for a period not
liquidating pr dissolving corporations which had dis-
exceeding 15 years. A corporation, however,
posed of all their assets and whose income tax
could carry back, for 10 years, the part of a net
returns were final returns; (2) merging corporations
operating loss attributable to a product liability
whose assets and liabilities were included in the returns
loss.
of the acquiring corporations; (3) corporations filing a
part-year tax return because of a change in accounting
Real Estate Investment Trusts (REIT's) could not
period; and (4) foreign corporations with income
carry back any net operating loss (NOL) but could
effectively connected with the conduct of a trade or busi-
carry over the NOL for fifteen years. Regulated
ness within the United States.
Investment Companies (RIC's) were not allowed
a NOLD. S corporations which were formerly C
Statutory Special Deductions (*) corporations were allowed to use any carryover
Statutory special deductions represented the sum of of net operating losses from previous years as a
the deductions for: (1) net operating losses of prior C corporation. However, this carryover could
years, (2) total special deductions as defined by the reduce only the net recognized built-in gains of
Code, i.e., the sum of deductions for dividends received the S corporation. The former provisions for a
and for dividends paid on certain preferred stock of ten year carryback and five year carryover period
public utilities, (3) deduction for dividends paid for for banks was repealed for taxable years that
Regulated Investment Companies and Real Estate began after 1986. Thereafter, banks were
Investment Trusts, (4) Section 857(b)(2)(E) deduction generally allowed a carryback period of 3 years
reported by Real Estate Investment Trusts and (5) small and a carryover period for 15 years. However, a
life insurance deduction for life insurance returns. Since special 10 year carryback provision was allowed
these deductions were allowed by law, in addition to ordi- to certain commercial banks which used the
nary and necessary business deductions, they were specific charge-off method for computing bad
shown in the statistics as deductions from net income. debts.
In general, net income less statutory special deductions
equaled income subject to tax. However, the dividend Net operating losses on which the current year
deduction was not restricted to returns with net income, deduction was based included: (a) the excess of
nor, in general, to the amount of net income, and thus ordinary and necessary business expenses over
became part of the statutory net operating loss for some income in the previous loss years, and (b)
corporations. Special deductions for dividends were not statutory special deductions claimed in the loss
allowed to S corporations which elected to be taxed year for dividends received and for dividends paid
through shareholders. However, S corporations, which on certain preferred stock of public utilities (or
were C corporations prior to the S election, could reduce any excess of such deductions over net income).
their net recognized built-in gains by the net operating
loss carried forward from those years as a C corporation. The net operating loss deducted for the current
year was the excess of allowable deductions
The statutory special deductions contained in the over gross income with certain adjustments: no
statistics were defined as follows: NOLD was allowed, and capital losses were only
deductible to the extent of capital gains. A
(1) Net overating loss deduction (NOLD) The total deduction for dividends received was allowed
net operating loss deduction was based on without regard to limitations.
statutory net operating losses of prior or
subsequent years which could be used to reduce (2) Total soecial deductions-For stock acquired after
taxable income for a specified number of years. March 1, 1986, no deduction was allowable if
The amount shown in this report, however, the corporation held the stock for 45 days or
consisted only of losses from prior years actually less, or 90 days or less if it was cumulative
used to reduce taxable income for the current preferred stock. The total special deductions
year. Losses incurred after the current year and were the sum of the following deductions:
carried back to that year at a later date would be

181
 Corporation Returns/1993 - Explanation of Terms

(2) (a) Dividends received deduction-The inter- 5- A deduction equal to 100 percent. of divi-
corporate dividends received deduction, dends received from wholly-owned
under Code section's 243-246, was the sum foreign subsidiaries whose entire-gross
of the following components: income was effectively connected-with
the conduct of a trade or business within
1 Deductions equal to 70 percent of divi- the United States;
dends received from less than 20 per-
cent owned domestic corporations, and 6 Deductions equal to about 42 percent of
80 percent of dividends received from 20 dividends received on certain preferred
percent or more owned- domestic stock of less than 20 percent owned
corporations - These particular deduc- public utilities. and 48 percent of
tions accounted for the major portion of dividends received on certain preferred
the dividends received deduction. A stock of 20 percent or more owned
small business investment company, public utilities for which a dividends paid
operating under the Small Business deduction, described- below, was also
Investment Act of 1958 could deduct allowed the distributing corporation;
100 percent of dividends received from
domestic corporations subject to income 7 In the case of life insurance companies,
tax. the above percentage deductions were
further reduced by the ratio of invest-
2 A deduction reduced from the 80 per- ment yield less total exclusions (opera-
cent/70 percent dividends received from tions) to investment yield. -
debt-financed portfolio stock - The 80
percent/70 percent deduction was M- Limitation on the Dividends Received
reduced by a percentage that was Deduction-The -aggregate amount..of -divi-
related to the amount of debt incurred to dends received deductions that a
acquire the stock. 'This reduction was corporation could take was limited.to 70
calculated by multiply'ing the difference percent (80 percent for 20 percent owned
between 100 percent and the average corporations) of its taxal3le income'. For
portfolio indebtedness by 80 percent or limitation purposes taxable income was
70 percent, depending on the percentage generally computed without regard to any
of ownership. net operating loss deduction, dividends
received or paid' deduction or capital loss
3 A. deduction equal to -70 percent of carryb6ck.". The limitation did not apply for
certain dividends received from less than the year if the- fuW'dividends received
20 percent owned foreign corporations deduction resulted in a net operati ng loss.
and 80 percent of certain dividends Small business investment companies ' were
received from 20 percent or more owned also excluded from this limitation.
foreign corporations-
(c) Deduction for dividends gaid on certain pre-
a which had been engaged in a trade or ferred stock of public utilities-For public
business within the United States for utility companies, as defined -by law, a
at least 3 years and special deduction was allowable under
Code section 247 for dividends if paid on
b which also had at least 50 percent of ce rtain preferred cumulative stock deemed
their gross income effectively cory- issued prior to October 1, 1942 This
nected with the U.S. trade or busi- deduction, based on the income tax ' rate,
ness. To qualify for the deduction the amounted to 40 percent of the dividends
corporation* must own at least 10 paid on such stock. If.the dividends paid
percent of the stock of the foreign were greater than net income reduced (in
corporation by vote and value. general) by all other statutory special
deductions for the year, the -deduction
4 A deduction equal to 100 percent of could 'not exceed the above described
certain qualifying dividends received by percentage of net income after this adjust-
members of an affiliated group not ment.
electing to file consolidated returns, but
sharing instead, one set of graduated
income tax brackets under Section. 165 1.

182
 Corporation Returns/ 1993 - Explanation of Terms

(3) Deduction for Dividends Paid for Regulated The statistics may be slightly understated because of
Investment Comnanies and Real Estate taxpayer reporting variations and because of the inability
Investment Trusts-The deduction for dividends to identify the total amount of payments from tax returns.
paid as reported by Regulated Investment
Companies and Real Estate Investment Trusts Tax Due at Time of Filing
was generally the sum of (1) dividends paid Tax due was the amount by which the income tax
during the taxable year, (2) the consent divi- liability at the time the return was filed exceeded
dends for the taxable year, and (3) for personal payments and credits for certain taxes previously paid.
holding companies, the dividend carryover as For a corporation to have an income tax liability, the
described in Code section 564. regular income tax less certain credits plus other taxes
were not reduced to zero. The regular income tax could
For Regulated Investment Companies, the deduc- be reduced to zero by credits for: foreign taxes,
tion must equal or exceed the sum of: 90 percent possessions tax, orphan drug research, the production or
of its taxable income (excluding the dividend de- sale of fuels from nonconventional sources, qualified
duction) and 90 percent of its net income from electric vehicle, general business incentives, and prior
tax exempt obligations. year minimum tax. Other taxes consisted of: tax on the
undistributed income of personal holding companies;
For Real Estate Investment Companies, the recapture taxes of investment credit and low-income
deduction must equal or exceed the sum of: 95 housing credit; environmental tax; tax on excess net
percent of its Real Estate Investment Trust taxa- passive income, certain net long-term capital gains, and
ble income (excluding the dividend deduction and net recognized built-in gains of S corporations; tax on the
any net capital gain) and 95 percent of the undistributed net capital gain of regulated investment
excess of its net income from foreclosure proper- companies; tax on the net income of foreclosure
ty over the tax imposed on such income by Code property, failure to meet income requirements, and
section 857(b)(4)(A), minus any excess noncash prohibited transactions of real estate investment trusts;
income as determined under Code section and the branch tax of foreign corporations.
857(e).
Based on this total income tax, tax due was the
(4) Section 857(b)(2)(E) deduction rerjorted by Real amount of the remaining tax liability plus any penalty for
Estate Investment Trusts-This deduction was underpayment of estimated tax after taking into account:
equivalent to the tax imposed on Real Estate (a) credit for taxes deemed paid by regulated investment
Investment Trusts (REITs) that fail to meet the companies on undistributed capital gain dividends; (b)
income requirements. Generally, an 100 percent payments with applications for extension of time in which
tax was imposed on the net income attributable to file;* (c) estimated tax payments less refunds; (d) credit
to the greater of the amounts by which the trust for federal taxes on fuels; (a) prior year overpayment of
failed to meet the 75 or 95 percent income test tax applied to current year; (f) credit by reciprocal for tax
as outlined in the definition for REITs. paid under Code section 835(d); and (g) 1988 special
estimated tax payments from property and casualty
(5) Section 806(a) Small Life Insurance Company insurance companies. The entire tax due could be paid
Deduction-a 60 percent deduction of the -
with the return at the time of filing, or the corporation
tentative LICTI (life insurance company taxable could elect to pay the tax due in two equal installments.
income) not exceeding $3,000,000 was allowed One installment had to be paid at the prescribed time of
for any small life insurance company with assets filing. The balance was due not later than 3 months after
less than $500,000,000. that date.

Taxable Income Some adjustments were made to income tax returns by

See "Income Subject to Tax." the taxpayer and included in the tax due. Adjustments
made to income tax returns after they were filed could
Tax Deposited with Form 7004 affect the final tax liability and the tax due. Such
These statistics were derived from the income tax adjustments were not reflected in the statistics.
returns, rather than from Form 7004, Application for Adjustments could result from tax examination, amended
Automatic Extension of Time to File Corporation Income returns, or the use of carryback provisions for: net
Tax Return. The automatic extension of time to file a operating losses; certain capital losses; unused foreign
corporate tax return was 6 months. A request for an taxes paid or accrued; and unused general business
extension of time to file the return did not postpone the credits. See also "Income Tax" and "Adjustments to Tax
payment of tax. When an extension was filed on Form Due or Overpayment."
7004, the full amount of tax liability was due.

183
 Corporation Returns/1993 - Explanation'Of Terms

Tax from Recomputing Prior Year Investment treated as effectively connected income" f6r7'O.S.
16.~ 1 tax
purposes. This portion of U.S. source income, of resident
Credit ;
foreign corporations' was included in the s i 9tistics for
See "Recapture of Investment Credit."
Income Subject to Tax.

Tax from Section I (Form 1120-F) Of

Section 11 tax was the U.S. tax on the effectively
this tax was reported by foreign corporations on Form connected income of resident foreign corporations. This
11 20-F. The tax was imposed on U.S. source inc ome not tax was regular income tax reduced. by credits.for: foreign
directly related to a business activity conducted in the taxes (for'foreign corporations this was actually taxes
United States, (i.e., not effectively connected income). paid to the United States on the effectively connected
The income was generally taxed at a flat 30 percent rate income), the production . and sale of fuels from
or at tax treaty rates if lower. The tax treaty 'rates nonc6n,ventional sources,. orphan drug research, qualified
resulted from negotiated treaties between the United el6ctric vehicle, general business incentives,- ~nd prior
States and the country in which the foreign company year minimum tax. Th6 recapture taxes of inVels'tment
was incorporated. Fifty percent of the income received credit and low-income housing credit were added to the
by foreign companies from transportation activities that balance of regular tax after credits. . Section 11 tax was
began and ended in the United States was treated as presented separately in Tables 10 and 1 1.- Any alt&na-
U.S.. source income'. The U.S. source' transportation tivb minimum 'tax and environmental tax reported by
income was taxed at a 4 percent rate. U.S. source foreign corporations were added to this tax and included
income that was not effectively connected income of :
in. the statistics for Total Income Tax.
foreign corporations was *subject to withholding
provisions for U.S. income tax.
Tax Overpayment
Tax overpayment was the excess amount . of payments.
U.S. tax reported on Section I of Form 11 20-F was
and credits, for taxes previo usl y paid, over total. i,nco-MQ
included in the statistics only for those resident foreign-
tax liability at the time the return was filed. For a
companies which also- ha~d income that, was ~effectively
corporation to have an income tax liability, the regular
connected with the conduct of a trade or business in the
income tax less certain credits plus other taxes. were not
United States. Foreign corporations which did hot
reduced to zero. The regular income tax could be
conduct business activities in the United States but had r
reduced to zero by credits for: foreign taxes, possessid ns
U.S. source income were also required to report the
tax, orphan drug research, the production or sale of fuels
income and U.S. tax on section I of the Form 11 20-F.
from nonconventional sources, qualified electric vehicle,
The U.S. tax for these companies was excluded from the
general business incentives, and prior year minimum tax.
statistics.

Other taxes: consisted of: tax on the undistributed

Tax from Section I was not included in the statistics
income of personal holding companies; recapture taxes of
for Total Income Tax, because the Section I tax was
investment credit and low,-income housing credit;
generally withheld from income at the source while total
environmental tax; tax on excess net passive income,
income tax was generally a computed tax liability based
certain net long-term capital gains, and net* recognized
on taxable income. Section I tax was not included in the,
built-.in,gains of S corporations; tax on the undistributed
statistics for Tax Due or Tax Overpayment. This tax was-
net capital gain of. regulated investment companies; tax
presented separately in Tables 10, 11, and 20.
on the net income of foreclosure property, failure to meet
income requirements, and prohibited transactions of real
Tax From Section 11 (Form 1120-F).(*) estate investment trusts; and. the branch tax of foreign
'
U.S. tax was imposed on income from the trade or corporations.
business activities conducted in the United States by
resident foreign corporations. Income from those trade or Based oh thistotal 'income tax, the tax overpayment
business activities was reported on Section 11 of the Form wasAfie amount by which certain payments and credits
11 20-F as effectively connected income and wa.s subject exceeded thd-tax liability plus any-perialty for under-
to the regular U.S. corporate tax rates. Foreign payment of estimated'tax. The payme'nts and credits.
corporations which did not conduct business activitiesJn represented the sum of:
the United States could elect to treat income from U.S.
real property as effectively connected income and were (a) credit for taxes deemed paid by regulated in-
allowed regular business deductions against that income. vestment companies on undistributed capital gain
Foreign companies organized in U.S. possessions, to -dividends;
conduct banking business were generally required to- (b) payments with applications for extension of time
report interest received on U.S. obligations as effectively in which to file;
connected income. Any gain or loss from the disposition (c) estimated tax payments less refunds;
of U.S. real property by foreign corporations was also (d) credit for Federal tax'on special fuels;

184
 Corporation Returns/1993 - Explanation of Terms

(e) prior year overpayment of tax applied to current taxes paid in computing their net income from trade or
year; business activities. Instead, the foreign taxes were
(f) credit by reciprocal for tax paid under Code passed through to the shareholders for their use as a
section 835(d); and foreign tax credit (or a deduction). Regulated investment
(g) special estimated tax payments from property companies also had to exclude those foreign taxes from
and casualty insurance companies. the deduction for taxes when they elected under Code
section 853 to allow their stockholders to claim a foreign
The overpayment could be credited toward the follow- tax credit (or a deduction) for the foreign taxes paid.
ing year's estimated tax, refunded, or partially refunded However, if the election were not made, a regulated
and partially credited. investment company could include foreign taxes paid in
the deduction for taxes or claim a foreign tax credit. See
Some adjustments were made to income tax returns by also "Foreign Tax Credit."
the taxpayer and included in overpayment. Adjustments
made to income tax returns after they were filed could Taxes not deductible generally included Federal income
affect the final tax liability and the tax overpayment. and excess profits taxes (the environmental tax was an
Such adjustments were not reflected in the statistics. exception), gift taxes, taxes assessed against local
Adjustments could result from tax examination, amended benefits, and certain other taxes, including state or local
returns, or the use of carryback provisions for: net operat- taxes that were paid or incurred in connection with an
ing losses; certain capital losses; unused foreign taxes acquisition or disposition of property. Taxes related to
paid or accrued; and the acquisition of property were to be treated as part of
unused general business credits. See also "Income Tax; the cost of the property, while taxes related to the
Tax Due at Time of Filing," and "Adjustments to Tax Due disposition of property were to be treated as a reduction
or Overpayment." in the amount realized from the disposition.

Tax Preference Items Some corporations included sales taxes and excise and
See "Alternative Minimum Tax." related taxes, which were part of the sales price of their
products, as receipts. When this occurred, an equal and
offsetting amount was usually included in the cost of
Tax Refund sales and operations or as part of the separate deduction
This was the amount of the taxpayer's overpayment
for taxes paid. When included in the cost of sales and
designated to be returned to the taxpayer.
operations, these taxes may not have been identified and
therefore, would not have been included in the statistics
Tax-Exempt Securities for taxes paid.
This balance sheet asset item comprised (1) state and
local government obligations, the interest on which is
Total Assets and Total Liabilities
excludible from gross income under section 103(a), and
Total assets and total liabilities were those reported in
(2) stock in a mutual fund or other regulated investment
the end-of-year balance sheet in the corporations' books
company that distributed exempt-interest dividends
of account. Total assets were net amounts after
during the tax year of the corporation. Examples included
reduction by accumulated depreciation, accumulated
bond anticipation notes, project notes, Public Housing
amortization, accumulated depletion, and the reserve for
Authority bonds, and state and local revenue bonds.
bad debts. When reserves for bad debts were reported
as liabilities, they were treated as reductions from the
Taxes Paid asset accounts to which they related and total assets and
Taxes paid included the amounts reported as an liabilities were adjusted accordingly. When used in this
ordinary and necessary business deduction as well as report, the term total liabilities includes both the claims of
identifiable amounts reported in the cost of sales and creditors and stockholders' equity (see Net Worth). In
operations schedules or capitalized under section 263A. addition, total liabilities were net amounts after reduction
Included among the deductible taxes were ordinary State by the cost of Treasury stock.
and local taxes paid or accrued during the year; social
security and payroll taxes; unemployment insurance Asset and liability estimates for returns of corporations
taxes; excise taxes, import and tariff duties; business, that failed to provide complete balance sheet information
license and privilege taxes; and the environmental tax. were imputed from data in other schedules on the tax
Income and profit taxes paid to foreign countries or U.S. return or by using either reference books or relationships
possessions were also deductible unless claimed as a between income statement and balance sheet items on
credit against income tax. However, S corporations (pri- similar returns in the same major industrial group.
marily taxed through their shareholders) had to exclude
any foreign taxes paid or accrued from the deduction for

185
 Corporation Returns/1993 - Explanation of Terms

Tax returns filed by life insurance companies on Forms (3) recapture of investment credit We*s ch-6e'd under
11 20-L did not provide a separate schedule for reporting a separate heading);
balance sheet information. Most life insurance com- (4) recapture of low-income housi g ' credit
panies did, however, attach copies of their 'annual (described under a separate heading);
statements to their federal income tax returns. The (5) alternative minimum tax;
annual statements were produced for administering State (6) environmental tax; A
law; they were not official income tax forms produced (7) tax on excess net passive income OVS corpo-
by the Internal Revenue Service..' The asset and liability rations (described under a separate'heading);
data contained in this report for these companies were (8) tax on undistributed net capital gain',as provided
obtained from the annual statements and reference under Code section 852(b)(3) for regulated
books. These sources were also used for any other investment c ompanies ("Tax from Part 11, line 4
insurance company when the U.S. income tax return did 11 20-RIC, " in- the statistics); -
not include a separate schedule for reporting the balance (9) tax from certain income of real estate investment
sheet data. Balance sheet data for mutual property and trusts:
casualty insurance companies were extracted from the (a) net income on foreclosure property ("Tax
income tax return, Form 11 20-PC,. rather than the ann-ual f rom Pa rt 11, 11 20-REIT, " in the statistics);
statement, beginning with Tax Year 1987. Previously, (b) section 857(b) income from failure to meet
these companies f iled tax returns on Form 11 20M, which source of income requirements ("Tax from
did, not include a balance sheet. The balance sheet data Part 111, 11 20-REIT," in the statistics); 'and
were then extracted from the annual stater-hent attached (c) net income from prohibited transactions
to the returns. ("Tax from Part IV, 1120-REIT," in the
statistics);
Stock property and casualty insurance companies also (10) the branch tax computed by foreign corporations
filed income tax returns on the Form 11 20-PC, beginning on the ear nings and profits and interest income
with 1987. However, prior to 1987, these companies of their U.S. branches (Form 1 120-F); and
reported balance sheet data on the income tax return, (11) any adjustments to total income ' tax.
Form 11 20 or Form 11 20A rather than on an annual
statement. Some taxes included in total income tax were not
imposed directly on a corporation's income subject to tax,
such'as the recapture taxes of investment credit and
Total Deductions low-income housing credit. A small number of cor-
As presented in the tables of this publication, total
porations without net incomeand regular tax reported
deductions comprised (1) the cost of sales and opera-
such taxes on their income tax returns. These taxes
tions,'(2) the ordinary and necessary business deductions
were included in the statistics for total income tax. See
from gross income, and (3) net loss from sales of
also "Income Tax" for a. description of: (1) returns without
noncapital assets. Components of total deductions are
net income having regular tax and (2) taxes not included
shown in the income statement segment of various tables
in the statistics for returns with adjustments to tax from
throughout this report.
tax-examination or use of carryback provisions of tax
credits and Net Operating Loss Deductions.
For certain small non-life insurance companies, with
net or written premiums (whichever was greater) over.
$350,000 but not over $1,200,000, total deductions Total Receipts.
represented only investment expenses; underwriting The components of total receipts are shown in the
business expenses were excluded by law. See also income statement segment of various tables throughout
"Total Receipts." this report. This amount was derived as follows:

Total Income Tax Included items: (1) gross taxable receipts before
deduction of cost of sales and operations, ordinary and
The statistics for Total Income Tax, lhcome Tax, Total,
necessary business expenses, and (2) tax-exempt interest
and Income Tax before Credits include:
received from State and local Government obligations.
(1) regular income tax before reduction by any tax
Excluded items: 6) other nontaxable income recog-
credits, which included tax on certain net
nized by the corporation, and (2) certain taxable income
long-term capital gains,. and net recognized
from related foreign corporations only constructively
built-in gains of S corporations (see Income Tax,
received.
in this section);
(2) personal holding company tax (described under a
separate heading);

186-
 Corporation Returns/1993 - Explanation of Terms

Long-term capital gains were excluded for Regulated ration was prohibited from joining in a consolidated
Investment Companies and S Corporations. Short-term income tax return.
capital gains were also excluded for S corporations.
U.S. Tax Paid or Withheld at the Source
For certain small non-life insurance companies, with
'(Form 1120-F)
net or direct written premiums (whichever was greater)
These were U.S. taxes reported by foreign corporations
over $350,000 but not over $1,200,000, the gross
on Form 1120-F. This item included taxes paid or
taxable receipts included in the statistics represented only
withheld on income related to a U.S. business activity
the receipts from investments; underwriting income was
(i.e., effectively connected income) and income not
excluded by law. See also "Total Deductions."
directly related to a U.S. trade or business (i.e., not
effectively connected income). U.S. income tax paid or
Total Receipts Less Total Deductions withheld at source was shown separately for effectively
This item differed from net income (less deficit) for tax and non-effectively connected income in Tables 10 and
purposes in that it included nontaxable Interest on State 11. Resident foreign corporations which did conduct a
and local Government Obligations and excluded Con- trade or business in the U.S. reported taxes or withheld:
structive Taxable Income from Related Foreign Corpora-
tions. As such, it included all of the income actually (as (a) from the gains from any disposition of U.S. real
opposed to constructively) received by the corporation property (as reported on Form 8288-A); and
and reported on the income tax return. (b) on effectively connected income allocable to
foreign partners (as reported on Form 8805).
Total Special Deductions
See "Statutory Special Deductions." The U.S. taxes paid or withheld at source for foreign
corporations which were not involved in a U.S. trade or
business were not included in the statistics for "Total
U.S. Possessions Tax Credit Income Tax," "Tax Due," or "Tax Overpayment." These
In order to provide a tax incentive for domestic
foreign corporations were also required to report the
corporations to invest in Puerto Rico and U.S. posses-
income and taxes paid or withheld on section I of the
sions (including American Samoa, Guam, Johnston Island,
Form 11 20-F.
Midway Islands, and Wake Island), the Tax Reform Act of
1976 added a tax credit - the U.S. possessions tax credit
in lieu of the ordinary foreign tax credit. Under Code Zero Assets
section 936, the U.S. possessions tax credit was equal to In general, returns in this size class of total assets
the U.S. tax on a corporation's income from the active were:
conduct of a trade or business within a possession, the
sale or exchange of all of the assets used in the trade or (1) final returns of liquidating or dissolving corpora-
business, as well as certain qualified possession source tions which had disposed of all assets;
investment income. To claim the credit, corporations (2) final returns of merging corporations whose
had to make an election to be treated as a U.S. assets and liabilities were reported in the returns
Possessions Corporation. The election was generally of the acquiring corporations;
effective for ten years and could not be revoked except (3) part-year returns of corporations (except initial
by IRS consent. After the tenth year, the corporation returns of newly incorporated businesses); and
could revoke the election without consent. For each year (4) returns of foreign corporations with income
in which the credit was claimed, the corporation had to effectively connected with the conduct of a trade
satisfy the requirements of two income tests under Code or business in the United States. However,
section 936. For the applicable period, a domestic balance sheet data for foreign insurance
corporation had to receive: (1) at least 80 percent of its companies f iling on Form 11 20-L or Form 11 20-
gross income from sources within a U.S. possession, and PC were included in the statistics, so such
(2) at least 75 percent of its gross income from the active foreign corporations were classified by the size of
conduct of a trade or business within a U.S. possession. the reported total assets. Balance sheet data for
The applicable period was the lesser of 3 years most foreign insurance corporations filing on
immediately preceding the close of the current taxable Form 1120-F were included in the statistics as
year or the period during which the corporation was well. Prior to 1990, balance sheet data for U.S.
engaged in the active conduct of a trade or business branches of foreign insurance companies (except
within a U.S. possession. A Possessions Corporation for life and mutual, insurance companies) were in-
could not claim a foreign tax credit for the same taxes cluded in the statistics and were classified by the
claimed as a possessions tax credit. In addition, during size of total assets of these branches. See also
the period of an effective election, a Possessions Corpo- "Size of Total Assets."

187
 Corporation Returns/1993 Explanation of Terms

INDEX

Accounting periods, 145 *Income subject to tax, 160

Accounts and notes payable, 145 *Income tax, 160
Accounts payable, 145 *Income tax after credits, 162
Advertising, 145 Intangible assets, 162
*Alcohol fuel credit, 145 Interest, 162
Allowance for bad debts, 146 *Interest on government obligations:
*Alternative minimum tax, 146 state and local, 162
*Amortization, 147 Interest paid, 162
Inventories, 162
Bad debts, 147 *Investment credit, 163
Branch tax of foreign corporations, 148 Investment credit carryover, 164
Business receipts, 149 Investments in government obligations, 164

Calendar year returns, 149 *Jobs credit, 164

Capital stock, 150
Cash, 150 Land, 164
Cash, U.S. Government obligations, tax-exempt Loans from stockholders, 165
securities, and other current assets, 150 Loans to stockholders, 165
Compensation of officers, 150 *Low-income housing credit, 165
Consolidated returns, 150
*Constructive taxable income from Members of controlled groups, 165
related foreign corporations, 150 Minimum tax credit, 166
Contributions or gifts, 152 Mortgages and real estate loans, 166
Cost of sales and operations, 152 Mortgage, notes, and bonds payable, 166
Cost of treasury stock, 153
Credit for federal tax on fuels, 153 *Net capital gains, 166
*Credit for tax paid by regulated investment Net gain (or loss), noncapital assets, 167
companies, 153 Net income (or deficit), 168
*Credit to 1994 estimated tax, 153 Net long-term capital gain reduced by
net short-term capital loss, 169
Deficit, 153 Net operating loss deduction, 169
Depletable assets, 153 Net short-term capital gain reduced
Depletion, 154 by net long-term capital loss, 169
Depreciable assets, 154 Net worth, 169
*Depreciation, 154 Noncalendar year returns, 169
Disabled access credit, 155 Nonconventional source fuel credit, 169
Dividends received from domestic Notes and accounts receivable, 170
corporations, 156 Notes and accounts receivable, net 170
Dividends received from foreign Number of returns, 170
corporations, 156
*Orphan drug credit, 171
Employee benefit programs, 157 *Other assets, 171
Enhanced oil recovery credit, 157 Other capital assets less reserves, 171
*Environmental tax, 157 Other current assets, 171
*Estimated tax payments, 158 Other current liabilities, 171
Excess net passive income tax, 158 *Other deductions, 172
Other investments, 172
*Foreign tax credit, 158 Other investments and loans, 173
*Other liabilities, 173
*General business credit, 159 *Other receipts, 174
*Overpayments less refunds, 174
* Definition has been modified from prior year reports to
reflect processing or tax law changes as well as clarification Paid-in or capital surplus, 174
of the explanations.
Part-year returns, 174

189
 Corporation Returns/1993 Explanation of Terms

Pension, profit-sharing, stock bonus, and Size of business receipts, 180

annuity plans, 174 *Size of income tax after credits, 180
*Personal holding company tax, 174 Size of total assets, 181
Prior year minimum tax credit, 175 *Statutory special deductions, 181

*Qualified Electric Vehicle Credit, 175 Taxable income, 183

Tax deposited with Form 7004, 183
Real estate investment trust, 175 *Tax due at time of filing, 183
Recapture of investment credit, 176 Tax from recomputing prior year
Recapture of low-income housing credit, 176 investment credit, 184
Refund of estimated tax payments, 177 Tax from Section I (Form 11 20-F), 184
Regular tax, 177 *Tax f rom Section 11 (Form 11 20-F), 184
Regulated investment company, 177 *Tax overpayment, 184
*Renewable Electricity Production Credit, 177 Tax preference items, 185
*Rent paid on business property, 177 Tax refund, 185
Rents, 178 Tax-exempt securities, 185
Repairs, 178 Taxes paid, 185
*Research activities credit, 178 Total'assets and total liabilities, 185
Retained earnings, appropriated, 178 Total deductions, 186
Retained earnings, unappropriated, 178 Total income tax, 186
Returns of active corporations, 179 Total receipts, 186
Returns of inactive corporations, 179 Total receipts less total deductions, 187
Returns with net income, 179 Total special deductions, 187
Returns without net income, 179 -
Royalties, 179 U.S. possessions-tax credit, 187
U.S. tax paid or withheld at the source,
*S corporation returns, 179 (Form 1120-F), 187
*Salaries and wages, 180
Zero assets, 187

190
 .
Section 6 Forms and Instructions

Form 11 20 Form 11 20-RIC

U.S. Corporation Income Tax Return, page 192 U.S. Income Tax Return for Regulated Investment
Companies, page 219
Form 11 20-A
U.S. Short-Form Corporation Income Tax Return, Form 11 20S
page 194 U.S. Income Tax Return for an S Corporation,
page 221
Schedule D, Form 1120
Capital Gains and Losses, page 205 Schedule D, Form 1120S
Capital Gains and Losses and Built-in Gains,
Form 11 20-F page 223
U.S. Income Tax Return of a Foreign Corporation,
page 206 Form 3800
General Business Credit, page 224
Form 1120-L
U.S. Life Insurance Company Income Tax Return, Form 4562
page 209 Depreciation and Amortization, page 225

Form 11 20-PC Form 4626

U.S. Property and Casualty Insurance Company Income Alternative Minimum Tax--Corpo rations
Tax Return, page 213 (including environmental tax), page 226

Form 1120-REIT
U.S. Income Tax Return for Real Estate Investment
Trusts, page 217

191
 Corporate Returns/1993 9 Forms and Instructions
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,-I I ZU-A U.S. Corporation Short-Form Income Tax Return
See separate instructions to make sure On corporation qualifies to file Form 1120-A.
I OMB No 1545 0890
Tax Computation (See instructions I
Deps-ii 0 - .~
kii-ei it-ii S-.
use
Far caleada, yaw~ 1993 ce tax year beginning. .... ......... . 1993, ending..............

Name
19 ..... FT093
13 Einploys, Identification nusiber
-1 Income tax. Check this box it the corporation is a qualified personal service. corpomlion
section 448(d)(2) (set, instructions 06 page IS) . . . . . . . . ...
. as defined in
C3
A Check this box d the
corp. is . per.."
IRS
label.
2a General business credit. Check it flont: OfIt. 3800 0 F.- 3468 1:1. F- 5881 0\
we"ce, CWP. (as othee. Nmbw. street. and rooni ta, suite no. Of a P.O. tica. see page 7 Of prisItactionsj OF-6478CIF-6765OF-8586 [-1F..'883D0Fw.89260f..a835 1 22 K
\\1MIN
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deffined in Tenapauay -
Regs. section
wise.
C Date-taposted)
b Credit for prior yew mirumum tax (attach Form iI827) . . . . . 1 21, f INE ININEFERIN
Plea" C.ly W Imn, state. and . . . .
ZIP code 3 Total credits. Add lines 2a and 2b . . . . . . . . . . . . . . . . .
1.441-4T- print or o ToWl -eh SPd. W9.1hoin)
insaactions) 11, 0 - 4 Subtract fire 3 from I.- I . . . . . . . . . . . . . . . . . . . . . . . .
1 type,
Recapture taxes. Check it from: 0 Farn 4255 C) Folm 8611 . . . . . . . . . . .
Check APPleastile, b-; 4110 in" istain M 0 Ching. .1 ackinnis $
k aWKWO of accowitm: 411 0 cash 0 Accrual Z;
rJl Ej
W other (Is ty) W Alternative minimarn tax (attach Form 4626) . . . ... . . . . . . . . . . .
7 Total tax. Add lines 4 through 6. Enter has and on line 27, page I . . . . . . . . . .
is Glass radigh or sales I asawax:S71 --L-J c "no,
0ther Information (See instructions.)
Offliff-
2 Cost of goods sold (sea instructions) . . . . . . . . . . . . . . ... . . . 2

3 Gross profit. Subtract fint, 2 from line 1C . . . . 3 I Refer to page 19 of the Instructions and state the principal: so 11 an amount is entered on line 2. page I, see the worksheet on
. . . . . . . . . ; . . . .
a Business activity code no. 11~. .......................... ..... page 13 1. amcand. to enter beltm:
4 Domestic corporation clividericb; subiect to the 70% deaduction . . . . . . . : . 4
It BusinessI wactivity
service0 W...........................................
~ ... - .... ... .... ........ -- ...... (1) Purchases . . . . . . .
5 Imannol . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . 5
6 M Additional sax;. 263A costs (see
0 Gross rents . . . . . . . . . . . . . . . ... . . . 2 Did y Individual. partnership. estate, or trust at the and of the instructione-alfach schuguie)
7 Grow royalties . . . . . . . . . . . . . . . . . . . . . . . . . . 7 tax yea own. directly or indwfttly. 50% or more Of the
corporation's voting stock? JFW rules of attribution, see section (3) Other costs (attach scheoula)
6 Capital gim ml if~icgma (attach Schedule D (Form 1120)) . . . . . . . . . . . . . 8
267(c).) . . . . . . . . . . . . C1 Yes 0 No b Do the ruift of Whon 21XU (for property produced or acquired lot
Not gain or Poss) from Form 4797, Part 11. knis 20 (attach Form 4797) . ... . . . . . . 9
resale) apply to the corporation? . . . . . . 0 Yes 0 No
Other "come (see instructions) . . . . . . . . . . . . . . . . . . . . . -0 If -Yes.- attach a scriftiduk, sf~oivfnf; name arid Ideal" ounces.
a At my time during the 1993 Calendar yew, do it. corporation have
11 Total Incorne. Add Ones 3 through 10 . . . . . . . . . . . . . . 1 . I- II 3 EnIw the amount of tax-extempt interest received or accrued
art interest in ot a signature or oUw Wthotity over a firmcial account
owing the tax yew . . . . P. 1$ 1
12 in a foreign country (such as; a bank account, securities account, of
1. =h~ 4 Enter amount of cash distributions and the book value Of Prop- other financial account)? It -Yes,- the co,patabort may have to file
to Less en&yowil cleMs I I Ideal
any (other than cash) distributions made in this tax Form TD F 90-22.1 . . . . . . . . . . 0 Yes 0 rld
Repairs and matinteranxm .. . . . . . . . . . . . . . . . . . . . . . 14
vear - - . - - - - - - li, I$ I If -Yes,' ante, rho retrial of the forvgn countryW . - - -,
Bad debts . . . . . . . .. . . . . 15 1:FUKII1 Balance Sheets W (I.V-V -"- yow IbIE-. 1. ,
Rates . . . . . . . . . . . . . . . .. .. . . . . . . . . . . 16
.
.. I Cash . . . . .. . . . . . . . . . .
17 Tuft and licenses . . . . . . . . . . . . . 2
. . . ... . . . ....
... 2a Trade notes and accounts receivable . . : . . .
intwest . . . . . . . . . . . . . . . .. . . . . . . . . . .
to Less allowance lot bad debts . . . . . . . .
18
19 Chantablis conladbutions (sbe Instructions for 10% lanitatton) . . . . . . . . . . . 19
3 Inventories . . . . . . . . . . . . . .
2D Depreciation (attach Forth 4562) . . . . . . . . .
4 U.S..goverhment obligations . . . . . . . . .
21 Less deprectabon clatined efunehere on Mum . . . . . . . H21a
20 1 21b
5 Taxt-exentipt securities (see instructions) . . . . .
22 Othw deductions (attach SdWKWM) . . . . . . . . . . . . . . . . . . . 22
6 other current assets (attach schedule) . . . . . .
23 Tota clopluaboins. Add knits 12 through 22 . . . .b. . . . . . . . . 23
7 Loans to VOCkholderif . . . . . . . . . . .
24 Taxable income before flat operating loss deduction and special deductions. SubiraCt late 23 tiom line 1 11 24
1 25it a
as Mortgage arid real estate
25 Low a Nef operat" Ion cleducifion (see instructions).. .. . .
. .
.
Is Special deductions less instructionst . . . Deprecile. depletable, and intangLble assets
r. i 1 25.1 1
It Less; accurnulated depiticiation. depletion, arid annoritzabon
26 Taxable Income. Subtract will 25c front fine 24 . . . . . . . . . . . . . . . . 26
10 Land (net of any amortizationi . . . . . . .
27 Total tax Onom page 2. Part 1, line 7) . . . . ... . ... . . . . . . . . . . 27
I (all hedule)
29 Partner"
12 Total assets, -
overpayment cre
Accounts payable . . . . . . . . . . . . -
estimated tax i=
Other current liabilities (attach schedule) . . . . . -
L- 1993orfundappied MIUM4466 I 28c: .0 =
17 Loans from stockholders . . . . . . . . . . . -
L Tax deposited with Form 7004 . . . . . . r Lu
Mortgages, notes. bonds payable . . . . . . . -
itedinvestffientcwp~niesiattachFwm2439).
~q
IN
C g Credit for Fedwal
- tax on fuels (attach Form 41361 2 Other liabilities (attach schedule) . . . . . . . -
ction_
J3c: -a
EN
h Capital stock (preferred and common stock) . . . . -
29If Total Pallentents. Add linfas 28d thiough 289 . . . . . . . . . . . . . . . . .
A
Estimated tax penalty (sea instructions). Check if Form 2220 is attached . 29 3:5j U0
Paid-in or Capital surplus . . . . . . . . . . -
Retained earnings . . . . . . . . . . . .
30 Tax dus. it line 28h is wnWIe, than the total of fines 27 and 29, enterstuo,
31 you =:: le
rPaYffWnL If line 28h
amount..aOwed
. .
a Less cost of treasury stock . . . . . . . . . I
the'~:al of lines 27 and 29. ovwp,"
d it
Total liabilities and stockholders' equity . . .
32 Enter amount of line 31 inditinated tax s, 32
Uridw ps- W
Reconciliation of Income (Loss) per Books With Income per Return (You are not required to complete
I owes vat I W.-.n. -kxN,9 ..-v-y.V h-,ue. and --. andi ..N on, I
Please b". . is trat. - ex, comple.. Dedartaot of pn~ joinii, I.Pti-)e .0
-wdge and
-- Of -- wie-it, n,t, -, ivto-ge. Part IV if the total assets on line 12, column (b), Part 111 are less than $25,000.)
Sign I Net income (loss) par books . . . . . .
-- 6 Income recorded on books this yew not irickaded .00WEEN
"RE 'NE
N \1
Here on this return (itemize) . .... . .... .. .... . ... .
~ Sonature of offlow Date ll.T,11. 2 Federal income tax . ~. . . . . . . .
P,.P,.. 3 Excess of capital losses over capital gains. .
Date siia_~"
C~. . y no, 7 Deductions on this retain not charged against I 1 .0
Add 4 Income subject to taxnot recorded ch books RNUM \\\V book income......................................
this year (itemize)...................
Pro-arer's
uss Only
1-resm-y-
dv= mol

For Paperwork Reduction Act Man", see page I of the instructions.

C 1, No Ii,
ZIP code ii~
-
this yew (itemize). ..... ...............

5 Expenses recorded on books this Year not

deducted on this jeturn (itemize)
*' '\RR~ 'I
'm a 1hcOme' Qirw
' '24. page 1). Enter.the
through 5 less the sum of lines 6 and 7
sum,oflinas1
Cat. No. 11456E Farni 1120-A figg3j:
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U.S. Income Tax Return of a Foreign Corporation M o,1 5-012

,,-1120-F Form 1120-F (1993) Pal 2

ow-.-,-
InamxAwvxea-,oa 1
M . lax yea. lieflarvanill ........... . IM..W..dkV ....... __,19 .....
0- Sate seperaft, In
Enip", identification -.bar
1093 SECTION I.-Certain Gains, Profits, and Income.From US. Sources That Are NOT Effectively Connected With
the Conduct of a Trade or Business in the United States (see instructions)
Name 11 you are required to complete Section it or are using Form 1120-F as a claim for refund of tax withheld at source. include below ALL income from
U.S. sources that is NOT effectively connected with the conduct of a trade w business in the Limed States. Otherwise. include Only those items
timber. three. and room or a. .. ear warvicoors) of income on which the U.S. income tax was not fully paid at the source. The rate of tax Can each dern of gross income listed below is 30% (4%
Check applicable btnesi for the gross thansportation tax) Ot such lower rate specified by tax treaty. No deductions are allowed against thase types of inconme. F41 in treaty
[:1 inner return El shamed rates where applicable. It the corporation claimed a lower treaty rate, also coampfirte ftent IN, parge.5.
City o, tonvn. idate am ZIP code. or cow"
I 0 final hw.~ D chng..f return
adorns
Name of treaty country. 0 any 11-
M
A Country of incorporation ... ........................................... G Check Method Of accounting: (1) 0 Cash (2) 0 Accrual (a) (b) to) Idl knoitim W U s.
Nature of income Gross Rate .1 tax M) Arrount
6 Foreign Country under whose lam the income, reported on, this naturn
is subject to tax ........ _ ....... ..............................
(3) [-1 other (specify) 0. .........................
H Did the Corporation fite a U.S. income tax return
o pm weire'd in the soune

C Date incorporrated .. --- :..................... _... ............. for the preceding to rear? . . . . . . . I Interest . . . . . . . . . . .
D The corporation's books end records we maintained bi $ yyaa~the corporation at any time during the tax year
Name, .,.. ...................... : ...................................... engaged in a trade or business in the United States? 2 Dividends . . . . . . . . .
Address ........................................................ ...... J Did the corporation at any timie during the tax year
he" a permanent establishment in the United
........................................................................ 3 Rents . . . . . . . . . . .
Sierra for purposes of applying section 894(b) and
ZIP code or Court. ............................... ............. any applicable It. treaty between the United
States and a foreign country? . . . . . . . 4 Royalties . . . . . . . .
E 11 In Corporation had an agent in the United States at any time during
the afauxC year. enter: If *YeaI enter the name Of the foreign country;

Kind of agent ......................................................... ........................................... ....... Annuities . . . . . . . . .

Name ............................................... ................. K Is the con)oration a foreign personal holding Gains from disposal of timber, coal, or
Address ............................................................... company? (See section 552 for definition.) domestic iron ore with a retained
........ I ......................... ..................................... If "Yes" he- you filed Form 5471? (Sec. 6035) . economic interest (attach supporting
schedule) . . . . . . . . . .
F Refer to the list Orn the last page of the instructions; and stime the L Did thetcorporation. have
. . any
. transactions vii h
COrporation'S principal: retated parties? . . . . 7 Gains from sale or exchange of
(1) Business activity code murrioar P. ........... ........
It 'Yes," you my haw to file Form 5472 I.~ patents , copyrights. etc.
(2) Business activity I. ................
(3) Product ~ sen,ice, . ......................
General Instruction hill).
Enter rurnber of Forms 5472 attached W .......
Note, Additional a required at the bottom of p,
M 8 Fiduciary distributions (attach support-
ing schedule) . . . . . . . . .
9 Gross transportation income (am
instructions) . . . . . . . . . 4
Computation of Tax Due or Overpayment
10 Other fixed or determinable annual or
I Text fro. Section 1. line 11, page 2 . . . . . . . . . . . . . . . . . . . . . periodic gains, profits, and income
2 Tax from Section 11, Schedule J. line 9. page 4 . . . . . . . . . . . . . . . . . .
3 Tax from Section III (add fines 6 and 10 on page 5) . . . . . . . . . . . . . . . . ........ . . ... ...............................
4 Personal holding Company tax (attach Schedule PH (Fortryth 11120)~-Seer General Instniction P . . . .
5 Total tax. Add lines I through 4 . . . . . . . . . . . . . . . . . . . . . .
5 Payments:
1 1 Tot'al. Enter here and on line 1, page 1 . . . . . . . . . .
1992 Overpayment '." .de
1993 estimated Ia, dhis
"i
e Less 1993 refund applied form Form,1466 I so h I ad 12 Total.'Enter here and include on, line Sit. page 1 . . . ... . . . . . .
Additional Information Required (continued Imm, page
Tax deposited with Form 70D4 . . . . . . . . . . . . . . 60
Credit Ircirm regulated trivesthrient companies (attach Form 2439) . . at M Is the corporation a personal holding company? (Sea Yes I NO Yes I No
Enter the availsole NOL carrybw~ from prior tax yeaus.
Credit for Federal tax an fuels (attach Form 4136). See instructions . . . 69 section 542 for definition.). . . . . . . . . (Do hot reduce 0 by any deduction on line 30a.
h
U.S. income uix paid or withheid at source (add line 12. page 2, and amounts - 15 the corporation a controlled foreign corponation? page 3) 1. ..........................................
fixmh Forms 8288-A and 8805 lattach Forms 9288-A and 8805)) . .. . ..1 6h I (Sea section 957 for definition.) . . . . . . . T Is the corporation a subsidiary in a parent-subsidtary
7 I Total payments. Add lines 6d through 6h . . . . . . ~ z . . . . . .. . ... . . 0 Is the corporation a personal sen,ice corporation? (See controlled group? . . . . . . . . . . .
Estjr~ated tax penalty (am Inshuctions). Check it Form 2220 is attached . . . . . . . . WC page 8 of instructions for definition.). If -Yes.- enter the name and employer identification
Tax due. If lift 6i is smaller than the total of leres 5 and 7. enter amount owed . . . . . . . . P Enter tax-exempt interest received or accrued during number of the parent corporation I
10. Overpayment 11 :,ne 6i is large, :than the tota of tin a 5 and 7. enter amount overpaid the tax year (see instructions) 0- . .................... . ....................................
Enter amount of me 9 you want Credited,to 1 199,11 :sfinnated tax ~ I Refunded 0 Did the corporation at the end of the tax year own, U Did any individual. partnership, corporation. estate. or
Unoth pinnalties of mpy. I declare that I ha~ ...hinied! in* helum.nictuivnit 80combanprig achirluft and statements and 10 the Oest Of my kh-ledge directly or indirectly, 50% or more of the voting stock trust at the end Of the tax year own. directly or
Please anol behel, a a true. conw, and comoiate. Dectani of Prease, former than taomye) a based on an,monne.on of -ch prepaw 'as any kno-edge. of a U.S. corporation? (For rules of ahnbulion~ sea indirectly. 50% or more of the Ccxporalsdr~s voting
SldCk?
section 267(c~.) ~ . . . . . . . . . . . (For rules of attribution. see section 267(c).) .
Sign It -Yes.- Complete the following:
If -Yes." attach a acnecuie- Sho,,ng' (1) name and
Here s'linat'n, ol offc& Date )` t'l. identifying number of Such J.S corpo,alnin: (2) percentage (1) Attach a schedule showing the name and
*whed: and (3) taxable mccme or (loss) before NOL and. identifying number. (Do not MCludle any information
Data unity hu
Pal special deductions Of such U.S. corporation for th~e tax year already entered in T abow.
F ending with or .,.thin you, Ia. year. . (2) Enter percentage owned 0-.:. ....................
Pienarer's'
6 Z:"'
-.5 ~(c,
Use. Only youns it-me
TV elf-okhrid) If 11;e corporation -has an NOL for the tax-year and is
8nd addle$$ clo.e
0 eleCting to forego the carryback period. Check Note: Addiforial infronnatnon is required at the Doffohn of page 5..
here , . ~ . . . . . . . . . 0- El
For Paperwork Reduction Act Notice, see page I of,separate instructions. can No 111701 Fomi 1120-F (1993)
 Corporate Returns/1993 Forms and Instructions
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F- 1120-F (1993, Page 5 Fo,, 1120-F (1993) page 6
SECTION Ill.-Branch Profits Tax and.Tax on Excess Interest (see instructions) Additional schedules to be c mpleted with respect to Section II or Section III (see instructions)
Part I-Branch Profits Tax Balance Sheets imai" of tax Yaw Erkd of yew
I
I Enter the imount from line 29, Section 11, page 3 . . . . . . . . . . . 1 0) oil (10
ASSETS
2
Enter total amount of adjustments to arrive at effectively connected earnings and profits. See I Cash ~ . . . , .
instructions for types of adjustments as well as exceptions for certain types of income included 2a Trade notes and accounts
* * . receivable
.
in effectively Connected taxable income but not taken into account when computing effectively to Less allowance for bad debts . . .
connected earnings and profits, and the treatment of deductions apportioned to that income, 3 Inventories . . . . . . .
Attach a schedule showing the nature and amount of these adjustments . ~ . . . 4 U.S. government obligations . . .
3 Effectively connected earnings and profits. Combine line 1 and line 2 and enter the result here 6 Tax-exempt securities (see instructions)
-4a Enter U.S. net equity at the end of the current tax year and attach schedule . . . . . .
6 Other current assets (attach schedule)
b Enter U.S. net equity at the end of the prior lax year and attach schedule . . . . . .
. 7 Loans to stockholders . . . . .
c Increase in U.S. net equity. If line 4a is greartei- than or equal,to line 4b, subtract line 4b from 8 Mortgage and real estate loans
line 4a. Enter the result here and skip to line 4e . . . . . . . . . . . . . . 9 Other investments (attach schedule).
d Decrease in U:S. net equity. If line 41b is greater than line 4a, subtract line 4a from line 4b and 10a Buildings and other fixed depreciable assets
enter the result here . . . . . . ... ... . . . . . . . . . . . . . b Less accumulated depreciation
a Non-previously taxed accumulated effectively connected earnings and profits. Enter excess, 11 a Depletable assets . . . .. . . .
if any, of effectively connected earnings and profits for preceding tax years beginning after b Less accumulated depletion
1986 over any dividend equivalent amounts for those tax years . . . . . . .... . . . 12 Land (net of any amortization . . . VNEWNEWSWENEWN
5 Dividend equivalent amount. If an amount is entered on line 4c, subtract that amount from line 13a Intangible assets (amonizable only)
3 and enter the result here. Enter -0- if the result is equal to or less than zero. It no increase b Less accumulated amortization
is entered on line 4c, add the lesser of line 4d or line 4e to line 3 and enter the total here. . 14 Other .assets,(ailach schedule) . . .
6Branch profits tax: Multiply the amount on line 6 by 30% (or lower treaty rate if the corporation 15 Total assets . . . . .
is a qualified resident or otnemise qualifies for treaty benefits). Enter here and include on line LIABILITIES AND STOCKHOWERS' iourry
3. page 1. See instructions for the requirements for qualification for treaty benefits, the definition
16 Accounts payable . . . . . . .
of qualified resident: and special rules for foreign corporations that have completely terminated
17 Miges., notes. bonds payable in less than I year
their U.S. trade or business during the tax year. Also complete Items W and X below
18 Other current liabilities (attach schedule) N,
Part W-Tax on Excess Interest
19 Loans from stockholders . . . .
7a Enter the amount of interest reported on line 18, Section It, page 3 . . . 7a 20 Miges.. notes. bonds payable in I year or more
b Enter the amount of-interest apportioned to the effectively connected income of the foreign 21 Other liabilities [attaclh~ schedule)
' ... REMN,
W-
corporation that is capitalized or otherwise nondeductible . . . . . . . . . . . . 7b 22 Capital stock: a Preferred stc
c Add lines 7a and 7b . . . ... . . . . . . . . . . . . . . . . . . . . 7c I b Common stock
8 Enter the amount of branch interest (including capitalized and other nondeductible 23 Paid-in or capital surplus . I .
interest). (See instructions for definition.) If the interest paid by the foreign corporation's 24 Retained earnings--lipinopriated (aftach vhedule)
. U.S. trade or business was increased because 80% or more of the foreign corporation's moll
~\\"` 25 Retained earnings-Unapproprialed .
assets are U.S. assets, check this box . . . . . . . . . . . . . . 1-0 26 Less cost ofAreasury stock .
9a Excess interest. Subtract line 8 from line 7c. Enter -0- if the result is equal to or less than zero Ga 27 Total liabilities and stockholderlsi~~
b If the foreign corporation is a bank, enter the amount of excess Schedule 1111-11 Reconciliation of Income or (Lo s)
interest treated as interest on r Books With Income per Return (You are not required to
deposits. Otherwise. enter .0- . . . . . . . 91) complete this schedule if the total assets Pine .15, cofumn (d), above) are less this n $25,000.)
c Subtract line 9b from line 9a . . . . . . . . . . . . . . . . . . . . . . .
9C 1 Net income (loss) per books . . . ' I Incon. - recorded. on books this year
10 Tax on excess interest. Multiply line 9c by 30% or lower treaty rate (it 2 Federal income tiur . . . . . .
qualified resident or otherwise qualities for treaty benefits). Enter here and,='otn not ir.L;uded on this return (itemize):
the i..
Im:1. R
. 3 Excess of capital losses over capital gains
page 1. Also complete Items W and X belo. . . . . . . . . . . . . . . . a Tax-exempt in
. 4 Income subject to tax not recorded on
Additional Information Required (continued from page 2)
books this year (itemize): ............. a Deductions ...............
on this rehim-- not ........
charged
V Is the corporation claiming -a reduction in, or .. ........................... against book income this year (demize):
W Is the corporation taking a position
a 0,onm
exemption from. the branch profits tax due to this 5 Expenses
..... * ......recorded on books this year a Depreciation . . . $ .............
that a U.S. tax treaty overrule od.lie a an
' return
Internal Revenue law of. the United States not deducted on this return (itemize): b Contributions canyover S .............
(1) A complete termination of all U.S. trades thereby causing a reduclion of tax? . . . . a Depreciation . . . $ .............. .........................................
businesses? . . . . . . . . . . If "Yes." complete and attach Form 8833, to Contributions carryover $ 9 Add lines 7 and 8 . . . . . .
(2) The tax-free liquidation or reorganization of Note: Failure to disclose a treaty-based return le; a el=,men,
in 1 . . . 10 :ncome oine. 29 page 3)-4me 6 less
a foreign corporation? . . . ... . . . position may rewlt in a penalty of S10,000 (sw 6 Add
T and
the 5 . . ine 9. . . . . . . .
section 6712).
(3) The tax-free incorporation of a U.S. trade or Schedule M-2 Analysis of Unappir priated Retained Earnings per Books Pine 25 above) (You are not required
business? . . . . . . . . . . . . X If the corporation is claiming it is a qual,fied'
to complete this,schedule 0 the total assets (line 15, column (d), above) are less than $25,000.)
resident of its country of residence for purpose
If (1) applies, or if (2) applies and the transferee of computing its branch profits tax and excess I Balance.at beginning of year 5 Distributions: b
a Cash -
is domestic, anach Form 8848.. interest tax, check the basis for that Claim: 12 Net income Ooss) per books St
If (3) applies, attach the staternent required by 3 Other increases (itemize): ............
Stock ownership and base erosion test . c =
Regulations section 1.884-2T(d)(5). . ... . . ........................................ 6 Other decreases (itemize): ..........
Publicly traded test . . . : . . . . . . . . I ..... W .....................................
Active trade or business test . . . . . . . . . . . . ...... 7 Add lines 5a th
Private letter ruling 4 lines 1 2. an d 3 7- 8 Balance at end OlZeutil.6ne 4 ies~ lirie i)
 Corporate Returns/1993 9 Forms and Instructions
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Form 1120-L (1993) Page 5 Form 1120-L JIM P.D. 6

SCHEDULE H Small Life Insurance Company Deduction (Section SWO)Hf total assets (Schedule L, line 6, column SCHEDULE J Part Surplus Account-Stock Companiek Only (Section 815(c))
(b)), are SSW million or more, complete lines 8 through 12, fine 16, and enter zero on line 17. (See instructions.) -

. . . . . . In
Part 1,-,Contralled Group Information is Balance at the beginning of the in year . . . . . . . . . . . . . .
Tentative UCTI to TfanSONS under pro-1984 sections 815(d)(1) and (4) for the preceding year . . . . . . . . . . lb
I- (b) (Lon) Ic
Company c Balance at the beginning of the tax yew. Add lines Is and Ib . . . . . . . . . . . . . .
2a LICTI. Add Was 23 and 24, page 1. If zero or less, enter -0 . . . . . . . . . . . . . . . 20
b Small lite insurance company deduction (Schedule H. line IT) . . . . . . . . . . . . . .. 2b
Dirvidends-racehred deduction (Schedule A, line 16, opium (Q. . . . . . . . . . . . . . ~21
IC Tant-exempt interest (Schedule B, life 9) . . . . . . . . . . . . . . . . . . . .
3 Add lines to through 2d . . . . . . . . . . . . . . . . . . . . . . . . . 2d
3
4 Tax hatillity Without regard to section 815. Figure the tax orl bre 2a as 4 4 was total taxable income . .
d fires I through 5 in both coluirms . . . ... . . . . . . . . . . . Subtract line 4 from line 3. if zero or less. enter -0... ... . . . . . . . . . . . . . .

7 Net controlled group tentative UCTI. Subtract One 6. column (b) from line 6. column (a). 100 Drect Or indirect distribution in the tax yew but not in= than line 5 . . . . . . . . . . .
Enter here andd an line 11 below . . . . . . . . . . . . . . . . 11mol
Part II-Small Life Insurance Company.Dei 7 Balance at the end of the tax year. Subtract line 6 from line 5 . . . . . . . . . . . . . .

8 Gain w (loss) from operations tromi page 1. line 21 . . . . . . . . 8

E Part It-Policyholders Surplus Account-Stock Companies Only (Section 815(d)) (See instructions.)
9a Nonlr~arce income . . . . . . . . . . . . . . . . . :9~ 9b-
b Norlinsumince deductions . . . . . . . . . . . . . . . .
Ice Gain or pow) on Insurance operations. Subtract fine 9a from line 8 and add 0 Balance at the beginning of the tax yew . . . . . . . . . . . . . . . . . . . .
line 9b . . . . . . . . . . . . . . . . . . . . . . tOs
Iob 98 Direct or indirect distributions in excess of the amount on line 5.
.
toc Adjustments (attach schedule) . . . . . . . . . . . . . Joe Part I above . . . . . . . . . . . . . . . . . . . .
TentativeUCTI.CombfinefinforlDawrifil0b . . . . . . . . . . b Tax increase on line ga . . . . . . . . . . . . . . . . .
11 Net controlled group tentative UICTI from fine 7, above . . . . . . . c Subtractions from account under pre-1984 sections 815(d)(1) go
and (4) . . . . . . . . . . . . . . . . . . . . . . Off
12 Combined tentative LICTI. Add Oft 10c, and fine 11. It $15 million or more. skip L d Tax increase on line 9c: . . . . . . . . . . . . . . . . .
lines 13 through 15. Enter zwo on Ime 17 below and on page 1, line 22 Subtraction thorn account under pre-1984 section 815(d)(2) . . . . . .
13 Enter 60% of lins 12. but M more than $1.800.000 . . . . . . . . . . . . . . . . .
10 Add Ones go through 9e, but not more than fire S. Enter here and on, page 1. fire 25 . . . . . . .
14e Maximum statutory amount . . . . . . . . . . . . . . . 114al 3,000,000
11 Balance at the and of the tax year. Subtract One 10 from W* 8 . . . . . . . . . . . . . .

b Subtract line 14a from One 12. if zwo or I... enter -0. . . . . . . . I 14b RMal
, Tax Computation (See instructions.)
c Enter 15% of One 14b. but not more then 31.80O.D00 . . . . . . . . . . . . . . . .
15 Tentative small file insurance company deduction. Subtract line 14c from Airm 13 . . . . . . . . EMN
16 Taxpayer a store. Divide line 10c by the total of line 6. column (a) and line 10c. If line 10c is zero or less, I Check it the corporation is a member at a controlled group Ome sections 1561 and 1563). . . 10 CI
enter -0- w this line . . . . . . . . . . . . . . . . . . . . . . . . . . 1 2 if the box On fine I is checked:
17 Small life insurance company deduction. Multiply One 15 by fine 16. Enter here and on page 1. One 22. and a Enter the corporations ware of the M.000. 1125.000, and $9,925.000 taxable income bracket amounts (in 00 orderV.
on Schedule J, Part 1. line 2b . . . . . . 17 1 (2) 1 1 (3) 1 1
(1) 1 001"
N0
SCHEDULEI Unrittation on Nonfinsurance Losses (Section 806(b)(3)(C)) b Efflar the corporation's share of: (1)i additional 5% tax (not nom than $11.750). Is I
(2) additional 3% tax (not more than $100.0= IS I
11 Noninsurancia income (attach schedule) . . . . . . . . . . . . . . . . . . . . . 3 Income tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4a Foreign tax credit (attach Form 1118) . . . . .
2 Noninsurance, deductions (attach schedule) . . . . . . . . . . . . . . . . . . b Other credits (sea instructions) . . . . . . 4b 1102
SN",
M
INION
\11"
c General business credit. Enter here and check whichlorms; am attachlid: nmm\
0
3 Noninsurance operations loss deductions . . . . . . . . . . . . . . . . . . . .
0 Form 38M 0 Fo 3468 0 Form SW C1 Form 6470 0 Form 6765
4 Add Ones 2 and 3 . . . . . . . . . . . . . . . . . . . . . . . . . . .
Form 85116 El Fomn 81130 Form 8826 Form 8835
5 Nortinsurance loss. Subtract fift I from line 4. it [iris I is grester than line 4, skip lines 5 through S. and enter
-0- . line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d Credit for prior year minimum tax (attach Form $827) . . . . . . . . 111
mal

6 Enter 35% of lift 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 Total credits. Add lines 4a through 4d . . . . . . . . . . . . . . . . . . . . .

Subtract line 5 from line 3 . . . . . . . . . . . . . . . . . . . . . . . . .
7 Enter 35% of the excess of LICTI (page 1. line 23) over any noninsurance loss included on page 1 .1
6 Fomign corporations-tax on income not connected With U.S. business . . . . . . . . 7
:. Recapture taxes. Cheek if frorn: 0 Form 4255 1:1 Form 8611 . . . . . . . . . . ... . 8
8 Enter the lesser of line 6 or kre 7. . . . . . . . ... . . . . . . . . . . . . . Alternative minimum tax (attach For. 4626) . . . . . . . . . . . . . . . . . . . IT
I b Environmental tax (attach Fo- 4626)
g Limitation on nortinsumn.. losses. Subtract line 8 from line 5. Enter here and w page 1. One 24 . . . . Total tax. d ".'ough go. Enter' he;e and. on pa~e ;, fi;. ~7 ~
10
 e

K)

Form 1120-L (1993) pap 7 Famn 1120-L VM) Pap

SCHEDULE L Part 1--Total Assets (Section 11306(a)RIP) SCHEDULE M Other Information (See instructions.)
N A. of B.V-% of (b) AS of Close .1 Vies I No
I T. Year T. Yea,
I Check method of accounting: if 'Yes.,
0 Accrual a Enter percentage owned 101 ................
I Real property . 13 Other (specily) b Enter owner's country 0. ....................
2 Check it the corporation is a:
2 Stocks . . . . . . . . . . . . . . . . . . . . . . . El a 0 Legal reserve company--41 checked: c The corponstion may have to file Form
Kind of company: 5472. Enter number of Forms 5472
3 Proportionate share of partnership and must assets . . . . . . . . . . (1) 0 Stock attached Be ...................................
(2) [1 Mutual
4 Other ease% (attach schedule) . . . . . . . . . . . . . . 4 Principal business: 9 Was the corporation a U.S. shareholder of any
(1) 0 Life insurance controlled foreign corporation? (See sections
5 Total assets of controlled groups . . . . . . ... . . . . . . . (2) 0 Health and accident insurance 951 arid 957.) . . . . . . . . . . .
Is D Fraternal or assessment association If 'Yes," attach Form 5471 for each such
6 Total assets. Add lines 1 through 5 . . ... . . . . . . . c 0 Burial or other insurance company corporation.
SCHEDULEL Part 11--Total Assets and Total Insurance Uabilities (Section 842(b)(2)(B)(i)) Enter number of Forms 5471 attached
3 Enter the percentage that the total of the ll~ ..................................................
corporation's life insurance reserves (section
Lim retwences am to the -A&%%- Pines 1 and 2) and 'Liabittibes. Surptus, and Chtier F,.~
.de 3 therauglit 16) Sections of tre, NAIC Annual Statement,
816(b)) plus unearned premiums and unpaid 10 At any turie cluming the 1993 calendar year, did
i s) As of Beginning of (W As 0 Close Of
7- Y- T. Year losses - (whether or not ascertained) on the corporation have an Interest in or a
noncanceiable life. health or accident policies signature or other authority over a financial
not included in life insurance reserves bears to account in a foreign country (such as a bank
I Sublotais for A~ssets ([me 22) . . . . . . . . . . . . . . . . . 1 the corporation's total reserves (section 81 6(c)) account. securities account, or other financial
account)? If 'Yes,* the corporation may have
2 Total Assets pine 24) . . . . . . . . . . . . . . . . . . . -2 Attach a schedule of the computation. to file Forrm TD F 90-22.1.) . . . . . . .
4 Does the corporation have any variable annuity If 'Yes," enter the name of foreign country.
3 Reserve lor Ida policies and contracts Pine 1) . . . . . . . . . . . . 3 contracts outstanding? . . . . . . . . I. ..................................................
5 Did the corporation at the end of the tax year 11 Was the corporation the grantor of. - or
4
4 Reserve for accident and health policies (fine 2) . . . . . . . . . . . own, directly or indirectly, 50% or more of the transistor to. a foreign trust that existed during
voting stock of a domestic corporation? (For the current tax year. whether or not the
5 Supplarreardary contracts without lite contingencies (Ima, 3) . . . . . . . . .1- rules of attribution, see section 267(c).) . . . corporation has any beneficial interest In it? .
If *Yes.* attach a schedule showing: (a) name 11 'Yes.* the corporation may have to file Forms
8 Lde policy and contract divens Pline 4-1) . . . . . . . . . . . . . 6 and identifying number, (b) percentage owned; 926, 35M. or 3520-A.
and (c),taxatite income or ecals) before NOL 12 Has the corporation elected to use its own
and special deductions of such corporation for
? Accident and health policy and contract claims Or* 4.2) Payout pattern for discounting unpaid losses
the tax year ending with or within your tax year. and unpaid loss adjustment expenses? . . .
8 Policlrholder's dividend and coupon accumulatons gine 5) . . . . . . . . 6 Is the corporation a subsidiary in an affiliated 13 Does the corporation discount any of the loss
group or ii parent-subsidiary controlled group? reserves shown on its annual staterrei . .
9 Preffeurns and annuity considerations received in advance loss discount ifera, 9) . 9 11 "Yes," enter employer identification number 148 Enter &is total Unpaid losses shown on the
and name of the parent corporation. corporationt arinual statement:
10 policyholder prefturns Pine 10.1) . . . . . . 7 . . . . . . . . 10 I. ............................ ....................... (1) for the cumem year. S
(2) for the praikous yew $
II Guarantined interest contracts (hm 10.2) . . . . . . . . . . . . . 11 7 Did any individual, partnership, corporation, Is Enter the total unpaid loss adjustment
estate, or trust at the end of the tax year own, expenses shown on the corporation's annual
12 Othier contract deposit funds Pme 10.3). . . . . . . . . . . . . . 12 directly or indirectly, 50% or more of the statement:
corporation's voting stock? (For rules of 41) for the current year $
13 Surrende, valueri, on cancelled policies fine 11.1) . . . . . . . . . . . 13 attribution, see section 267(c).) If "Yes." (2) for the previous year: $
complete a and b below . . . . . . . . 15 If the corporation has a loss from operations
14
14 Pan of other amounts payable cm reinsurance assumed Pule 11.3) . . . . . a Attach :~a schedule showing name and for the tax year and is electing. under sKtion
identifying number. (Do not include any 81 0(b)(3) to forgo the carryback period. check
15 Pail of aggregate write-ins for liabilities (Ime 25). (Only include items or amounts information already entered in 6 above.) here . . . . . . . . . . . 1. 0
includable in 'total insurance liabilities U.S. business" iss claimed in se0on b Enter percentage owned to ...................... 16 Enter the available OLD carryover from prior
842(b)(2)(B)(i)) 15 8 Did one foreign person at any time during the tax tax years. (Do riot reduce it by any deduction
year own, directly or indir", at least 25% of: on pap 1, line 19.) 1, S
16 Separate amounts statement one 27) . . . . . . . . . . . . . . 16 la) the total voting power of all classes of stock
of theof
corporation entitled to vote, or (b) the: total
17 Total insurance liabilities Add lines 3 through 16 . . . . . . . . . . ~ value all classes of stock of the corporation7
11

SCHEDULE N Reconciliation (See instructions.)

 page 2
,. 1120-PC U.S. Property and Casualty Insurance Company ONE, No 1545-1027 Form 11MPC 11993)

Income Tax Return Taxable Inconno-Section 832 (See instructions.)

For Clients, year 1993. or W Year briscriming . 1993, And ending............... 19 ...... W93 Schedule A

15- Narma
Is, Instructions sure separate. Slse.~je- ;. ii~lr-Paperwork Reduction Act Notice.
A Employ.; identimirfion number I 2
Premiums earned (Schedule F lire 7)
Dividends (Schedule C. line 14) . .
.
.
.
.
.
.
.
.
.
.
.
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.
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. . .
.
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.
. F _2F
(b) Amortization of
(a) Interest received premium
Numbs, ano sister, and mors, or woe W. of a P.O. box, M Pade 4 of instructions) B Data vicorpwat.

CAy os onvn. "a. and ZIP ocidt C C-k 0 . consistain. e- Groses; interest . . . . . . . . . . . . .
3a
(Aftch Form 851) [1

D Check applicable boxes: (1) [] Final return (2) 0 CaM,n,(dd:e-

T_
i. , ._ qJ 0 Amemided nal"m
(1) ts Interest exempt under section 103 . . . . . . .
Check applicable box it an election has been made unmr LJ 95flIc)P
(3)(C) (2) [01 953d
a c Subtract line 31b from line 3a . . . . . . . . .
I Taxable income (Schedule A, line 37 ) . . . . . . . . . . . . . . . . . . . .
E . .
Taxable interest. Subtract fine 3c, column (b) from line, 3c, column (a) . . . . . . . .
2 Taxable investmen t ncome,
I for electing small com pardes (Schedule B. line 21) . . . . . . . . d
. . . . . . 4
. .. . . . . . . . . .
3 Check 6 a member of a controlled group (s~ee sections 1561 and 1563) . . . . . . . I- C1 0 4 Gtoss rents . . . . . . . . . . .
A
a It the box on lint 3 is checked, enter the corporation's snare of the $50,000. $25.0Ds and $9.9M25.D-00 0matile.." 2t
income Gross royali. . . . . . . . . . . . . .. . . . . . . . . . . . . . .

1 . . . . . . . . . .
braCkeIS (in trial order): (1) 1 1 (2)1- (3) Capital gain net income (attach Schedule D (Form 1120)) . . . .
. . . . . . 7
shunt of: (1) additional 5% tax (ript to exceed $11 .750) $ 7 Net gain or Co.) (Fomn 4797, line 20 , Part 11 (attach Form 4797)) . . . . . .
Ip Enter the 0
(2) additional 3% tax (not to exceed $100,000) . . . . . . . S 8 Certain mutual fire or flood insurance company premiums (sec tion 832(bXlXD)) . . . . . . . .

. . . . . . -4 . . . . . . . . . . .L _
4 Income tax . . . . . . . . . . . . . . . . . . . . . . 19 :ncome on account of special income mid d eduction amounts . .
5 10
. . . mcome from protection against loss account (Sch edule J, fine 2e), . . . . . . . . . . .
5 Enter amount of tax that a rec proar i l must Include . . . . . . . . . . . . . 0
6 Mutual intefinsuress or rec;iprociil und erwriters-d ec reass in subscriber accounts . .. .. .. .. . . 11
6 Total. Acid filvin; 4 and 5 . . . . . . . . . . . . . . . . . . . . . . . . 11

7: F orei n tax credit (attach Fortin I I IS) . . . . . . . . . . . Ire 12 Income from a special Loss discount account (attach Form 8816) . . . . . .

JDthegr credits (sea instructions) . . . . . . . . . . . . . 7b

Gross income.(L
mch
dfi==~1;3~ . . . . . .. .. .. .. .. . .- . .. . . . . 14
-.14
Is "' I-'
c General business credit. Enter and check which forms are attached:
. . is
0 Fonm 3800 0 Fo- here3468 D Fonn 5W 15 Compensation of officers flotesels schedule-riere Instructions) . . . . . . . . . . .
in
less Salaries and wages No I Its Less jobs credit 10 1 ; Balance I- 16c
0 Formn 6478 [1 Forms 6765 El Fortin 8586
as .
0 Fonn B830 0 Form 61126 C3 Form 8835 2- .a 17 Agency balances and b ill s receivabl e that became worthless during the tax year . . . . . . 17
E
as . . . . . . . . . 18
d Credit for prior year minimum tax (attach Firm 8827) . . . . . . 7d c
0 18 Rents . . . . . . . . . . . . . . .
Q. '7. . . . . . . . . . . . . . . 19
Tt a Tota l credit s. Add lines 7 a through 7d . . . . . . . . . . . . . . . . . . . . 19 Taxes and. ficenses
. . . . . . . . . . . . . .
c
4 8 Subtract Ism 7 e from lin e 6 . . . . . . . . . . . . . . . . . . . -8 208 In terest 110, 1 b Less, tass-iountript interest expi . ls~ c Bal. W
c Charitable contributions Custe instructiores for 10% limitation) . . . . . . . . . . . . . 21
Foreign corporationa-Ta on income not connected wish U.S. business. . . . . . . . . . 9 C 21
.3 . . . . . . . . . . 22
Recapt ure taxes Check it from: 0 Form 4255 El Forrn 8611 . . . . . . . . . . . 10 22 Depreciat on
i (at tach F orm 4562) . . . . . . . . . . .
. . . . . . .
Il a Alternative m inimum tax (attach Form 4626) . . . . . . . . . . . . . . . . . . It- 23 Depletion. . . . . . . . . . . . . . . . . . . . . . .
24
E l1b 24 Pensi on, profit-shar i ng, et c., pl ans . . . . . . . . . . . . . . . . . . . . .
I t Environmental tax (attach Fonts 4626) . . . . . . . . . . . . ... . . . . . .
12 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . .
12 Personal holdin g company tax (attach Schedule PH (Form 1120)) . . . . . . . .
... . . . . . . . . 25
3 Total arx. Add limit 8 through 12 . . . . . . . . . . . . . . . . . . . . . 13 26 Losses incurred (Schedu le F. lin e 13) . . . . . . . . . ..
. . . . . . 27
14a 1992 overpayment credited to 1993. . . 142 =
E 27 Addst ioned deduction (attach F orm 8816) . , . . . . . . . . . . .
. 28
28 Ot her cap ital l ostres; (Schedule G. firse 12, column (g)) . . . . . . . . . . . . . .
b Prior yur(s) special estifluded do, payonsurts to Do applied
. l4b
. . . . . . . . . . .. . . . . . . . . 29
1993 estimated tax payments CS" insimclions) 14C in 29 Div idends to policyh okim . . . .
30
r- 30 M u tual interinsureirs or rec iprocal unclerwriters-increare in subscriber accounts . . . . .
d 1993 spercial estimated
114d I tax payments (fest, .2
. . . . . . . . . . . . 31
Instructions) fIl
\fiffi
l 31 Oth er de ductions (attach schedule) . . . . . . . . .
. . . 32
a
1993 refund applied Ism on Form 4466 . l4e 32 Total deductions. Add thus 15 throug h 31 . . . . . . . . . .
33
Enter the total of finses 14a through 14C IM line 146
1 . . . . . . 33 Subtotal]. Subtract It- 32 fro. fine 14 . . . . . . . . . . . . .

9
Tax deposited with Formin 7DD4 . . . . . . . . . . . . . 34a SWial deduction for section 833 organizations (Schedule H,

In
Credit by neciproceil for tax paid by attomery-in-fact under section 835(d). 14h line 6). . . . . . . . . . . . . . .
141 in Ip Deduction on a mount of special income and deduction amounts.
I Other credits and payments . . . . . . . . . . . . . . '
34c;
c To ta l. Add flnes 34. and 34b . . .. . . . . . . . . . . .
15 Estimated tax penalty (see pa ge 7 of the instructions). Check it Form 2220 is attached . . . 15 . . . . . . . .
35
16 TAX DUE. If line 14j is smaller than the total of lines 13 and 15. enter AMOUNT OWED ;1 6 35 Subtotal. Subtract line 34c; from line 33 . . . . . . . . . . . . . . . . . . .

1 36a 1
117 OVERPAYMENT. If line 14j is Larger than the total of lines 13 and 15. enter AMOUNT 061PAID 358 Dividends-melved deduction (Schedule C, Ism 26) ., . . . . . .

5 Enter amount of line 17 you want: Credited to 11994 randismatied tax Is- S It Net operating lost; deduction . . . . . .
und. mnatter, ot pirury. I de~lusr, 1.11 - -W trilnet-mcluang accompanymia =mdursn, aw aravarmants. aw to me bein of my kno,seoge . . . . . . . . . . . . . . . . . . . . . . 311c
0 c Total. Add lines 36s and 36b
Please and W*I. it a trus. correct. and complese. Declaration of preparer (cover trum taiwas is based ons al; intonnation of wtvch premm, nas any knowsedge.
Sign 37 Taxable income (subtract It- 36c fro. finis 35). Enter he. and on page 1, law I . . . . . . . 31
Here Dane
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N.Parrits" bar, Praper!e, -7, no.
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Preparer a E.I. No. ss~
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 Corporate Returns/1993 * Form
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 Corporate Returns/1993 * Forms and Instructions
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ai" I- 1120-PC (1993) page I- 1120-PC (1993) pap 8

Other Information (See instruction 'Balance Sheets 01,11 filers are required to complete this scheadude.)
b
Vis No,
No End 0 W yew
Yes I No
Assets ag.-V of W raw11b) (d)
Ia Check method of accounting: 7 Was the corporation a. U.S. shareholder of any
0 Cash controlled foreign corporation? (See saction~ 951 1 Cash . . . . . . . . . .. . ..
b 0 Accrual and 957.) . . . . . . . . . . . . . 28 Trade notes and accounts receivable.
C 0 Other (specM 10. ...................... It "Yes,' attach Form 5471 for each sjjch b Lew allowance for bad debts . . .
24. Check box for kind of cornpany: corporation. 3 inventories . . . . . . . . . . .
[D Mtual Enter number of Forms 5471 attached ....... 4 U.S. government obligations , . , . ; 0
to E3 Stock Tax.ex-pt sacurritiet; (am instructons) 0
8 At any time during the 1993 =larder year. did the Other current assets fiattach schadudej
3 Did the corporation at the wid of the tax year Own., corporation have an Interest in or a signature or 7 Loans to stockholders . . . . . . . X,
directly or Indirectly. 50% or more of ft voting other authority over a financial account in a foreign
stock of a domerstic, corporation? (For miss of 8 Mortgage and real estate lownt
country (such w a bank account, securities 0-
attribution, M section 267(c).) . . . . . . account, or other financial accounts)? If "Yes," the 9 Other investments (attach schedule) . . . 11
"Yes." attach a schedule showing: corporation my have to file Form TD F 90-22.1.) 10a Buildings and other depreciable assets 0)
(b) name and identification rxumbe~. P*
it wyes." enter the name of the foreign country. b Less accumulated depreciation
P)ercentage Owned; and (c) taxable incortte or Ila Deplorable assets. . . . . . . . .
........................................ I ......
before NOL and special deductions of such
It Less accum.1aled cl~pieflo
corporation for the tax year ending with of within Was the corporation the grantor of, or transferor to,
your tax*year. 12 Land (net of'any amortizaiian) . . . . .
a foreign trust that existed during the current tax
4 Is the corporation a subsidiary in an affiliated group 13a Intangible assets (amortizable only)
year, whether or not the corporation has any Pap
or a parent-subsichary controlled group?. beneficial interest in it? If -Y~,- the corporation may b Less accumulated amonzation. . . . .
H ~Yes," enter employer identification,mimber and be required to file Forms 926, 3520, or 3520-A . 14 Other assets (attach schedule). .
name of the parent corporation b. .................. 16 Total,assets . . . . . .
. 10, Has the corporation elected to use its own payout
............... I .................. .......... Liabilities and Stockholders' Equity
pattem for discounting unpaid lowers and unpaid
........................................ ............ loss adjustment expenses?. . . . . ... . 16 Accounts Payable. . . . . . .
.. Did my Individual, Partnership, corporation, estate Ila Enter the total unpaid loswis shown on the 17 Mortgages, notes, bonds payable in less than i year
or trust at-the end of the tax year, own, directly or
indirectly. 50% or more of the corporation's voting - corporation's annual statement: IS Insurance liabilities (Sea instructions) . . .
stock? (For rules of attribution, sar, section 267(c).) (1) for the current tax year. $ 19 Other current fiabildi" (attach schedule).
If 'Yes,' attach a schedule showing name and, (2) for the previous tax year: S 20 Loans from stockholders CIO
identifying number. (Do not include any information 21 Mortgages, notes, bonds payable in I year or
b Enter the total unpaid loss adjustment expenses Tore
already whered in 4 above.) 22 Other liabilities (attach schedule) . . .
shown on the corporation's annual statemen
Enter percentage owned 0 ............. .......... (1) far the cument tax year. $ 23 Capra I stock: a Preferred stock . . .
6 Did orm foreign person at any time chning, the tax (2,) for the previous tax year. S Is Commicirt stock . 0
year own, dirlectly or indirectly. at legal 25% of: 24 Paid-in or capital surplus a%
(a) the total voting Power of all classes of stock of 12 Dow the corporation discount any of the low
reserves Shown on its annual statement? . . . 25 Retained earrings--kirgiroprbobad (M~ ~jhhi
the corporation entitled to vote, or (b) the total value
Of all-clawes, Of stock of the corporation? If 'Yes." 26 Retained eamlng%-Umapp~iropriatad
13 Enter the amount of tax-exempt interest received or
amin.00 during the tax yew b- S 27 - Less cost at treasury stock. (A
28 Total liabilities and stockholders equity
a Enter percentage Owned 6 ...................... 14 0
If the corporation has an NOL for the tax year R_ cheTule 0-11 Fecormili8tion of Income (LOSS) per Books with Income per Return" (See fngjructions.)
(Oe i she
and is electng to forgo the carrybaik, period,
b Enter Ownmes counlirry il~ ................. :...... check hem . . . . . . . . . . 0- 0 MiamirtiOildionis not MqLdledto cOnVete Schedules M-1 andM-21befrowifthe toWassets, onlins 15, colurnr;(4 Of less than S25,000.)
CL
15 Enter the available NOL carryover trorn Prior tax I Net income Poss) per books 7 Income recorded orn books this yeai
c The corporation may have to file Form 5472. years (Do hot reduce it by any deduction on 2 Federal income tax . . . . . . . . not nckKW in this return %ennize)
Enter number of Forms 5472 arbached ll~ line 36b, Schedule A.) 0- S 3 Excess Of Oftal Iowa$ Over capital gains . a Tax-exempt interest S ...............
Protection Against Loss Account (See instructions.) 4 income subject to tax not'recorded on books ...................................... (A
Pap
(References am to section 824(d)(1) prior to Its repeal by P.L. 99-514.) this year (itemize) ............ ........... 6 Deductions in this tax return not charged 14
5 Expenses recorded on books' this year not against book Income this yew litarlize)
C
I Balance at the beginning of the year . . . . . . . . . . . . . . . . . . . . . deducted in this return (itemize) ........... is Depreciation A. .....................
2 Subtractions (attach computation of,any hems on lines 2a through 2d): Depreciation S ..... b Cgintriburtiona carrytiver S ............ Pap
aaam
a Sect~n 824id)(lXB) . . . . . . . . . . . Contributions,cernpover S ........... ........ .... i .................................
. . .
c Tmiml and entertainment S ................. 9 Add lines 7 and 8 . . . . . . 0
Is Section 824(d)OXC) . . . .. . . . . . . .
............................. 10 - incom acheaft A. me 351-
6 Add lifts 1 through 5 . . subtract lift 9 from finis 6 . . . .
c Section 824'(d)(IXD) . . . . . . . . . . . . . . . . . . 2c Scheduielhill ~Analyjsls of Unappropriated Retained Earnings per Books Illnet 26, Schedule L)
I Balance at beginning of year . . . . . 5 Distributilcm: a Cash
of Section 824(d)(1)(L) . . . . . . . . . . . . . 2 Net Income,poss) per.books . . . . . It Stock . . . .
3 Other increases (itemize) ...... :~..........
a Total. Add lines 2a through 2d. Enter here and on Schedule A, line 10 . . . . . . . . . . . . .......................... ............ : ...... 6 Other decreases, li"Inize) ............
.................................
3 Balance at the end of the year. Subtract fine 2e from line I . . . . . . . . . 3 ...... .............. .................... 7 Add lines
....... 5 and 6 . . . . . .
* ........................
8 Balance at end of year (subtract fine
4 7 fr- fine 4~ . . . . . . . .
 ,- 1120-REIT U.S. Income Tax Return for Qua No. 1545AW4

Real Estate Investment Trusts ..... . . 9 ... F~ I 20-REST (1993) P.A2

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separate See, pap for Paperwork fladLection Me lidofte~
1093 Part 1--Tax an Net linicome From Foreclosure Property
(As defined in section SWe)) (Caution: See instructions before cornafelfing ths part.)
A Yw cd FiEn N- c Err~ id..lffi~ riumb.
M. ~ I Net gain or floss) from the sale or other disposition of foreclosure property described in Section
PI.- D DO. MIT ."be~ 1221(l) WWII schedule) . . . . . . . . . . . . . . . . . . .. . . . .
t",xxe,. grmin. " ~ W e- re. Of a P.O. i-, M Page 5 ed in~.)
Tr 2 Gross income from forneclosure Property (attach schedule) . . . . . . . . . . . .
8 0 ChKkU 3 Total income from foreclosure property. Add lines 1 and 2 . . . . . . . . . . . . 3
A.-iJII..M C.Y . i-. slai.. .0 ZIP ~ E T~l ~ I.. ~-)
ariplifty WtaCh 4 Deductions directly connected with the production of income shown on line 3 (attach schedule) ~4
sm P11 5 Net income from foreclosure property. Subtract line 4 from line 3 . . . . . . . . . .
F Cr-k appikAble, box(es): -6) 0 F.W nourn M Cj 0-ge, W d&- (3) [1 N-ftd nihim I 6 Tax on net income from foreclosure, property. Multiply line 5 by 35%. Enter hem and on Schedule
Part ~-Fleall Estate Investinerd Trust Taxable Income (See instructions.) J. line 3b . . . . . . . . . . . . . . . . . . . . . . .. . . . . . .
Part ID-Tax Imposed Under Sectlon 857(b)(5) for Failure To Meet
Income (EXCLUDING income required to be reported in Part 11 or in Pan M Certain Source-of-beccerne lRequirements (Caution: See instructions.1
I Dividends . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . I i I Is I
is Enter total Income from Pan 1. line 8 . . . . . . .
2
2 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Enter total income from foreclosure property frorv Pan I[. .line. 3..
b 1 lb I
3 Gross rents from real property . . . . . . . . . . . . . . . . . . . . . . .!- Total. Add lines la and lb . . . . . . . . ... . . . . . . . . .
c . . . . to
4
4 Other gross rents . . . . . . . . . . . . . . .. . . . . . . . . . . .
5
2 Multiply line 1c by 95% . . . . . . . . . . -mL
6 Capital gain net income (attach Schedule D (Form 1120)) . . . . . . . . . . . . 3 Enter income on line I c from. sources
. . . referred
. . . to. in .section
. . 856(c)(2)
. . . . . . . . . . . 3
6 Net gain or poss) from Form 4797 , Part 11, fine 20 (attach Form 4797) . . . . . . . . .L- - - 4 Subtract line 3 from fine 2. of zero or less, enter -0-.) . . . . . . . . . . . . . . 4
7 Other income (see tristructions-aftach schedule) . . . . . . . . . . . .. . . . - 7 5
5 Mu" line 1c by 75% . . . . . . . . . . . . . . . . . . . . . . . .
8-Total Income. lines I through 7. . . . . . . . . . P. 8 6
6 Enter Income an line Ic from sources referred to in section 856(c)(3) . . . . . .. .
Deductions (EXCLUDING deductions directly . . . with
connected . . income required to be repo in Part 11 owr in P IV)
7 Subtract line 6 from line 5. Q! zero or less, enter -D-.) . . . . . . . . . . . . . . 7
9 Compensation of officers . . . . . . . . . . . . . . . . . -2- - 8 Enter the greater of UM 4 or fine 7. Pf line 8 Is zero, do not complete the rest of Pan 111.). 8
10a Salaries and wages I I b Las jobs 09MI I . .I c*Balante
' * le-' 102 2 . 9 Enter the amount from Part 1. fine 20 . . . . . . . . . . . . . . . . . . . 9
11 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . " 10 Enter the riot capital gain from Schedule D (Form 1120), line 12 . . . . . . . . . . AL
12 Bad debts . . . . . . . . . . . . . . . . ... . . . . . . . . . . . .12- - - 11 Subtract line 10 from line 9 . . . . . . . . . . . . . . . . . . . . . . .
13 Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .L3- 12s Enter total Income from Part 1, line 8 . . . 12a
14 Taxes and ficenses . . . . . . . . . . . . . . . . . . . . . . . . . .14- b
Enter the not short-term capital gain from Schedule*D
' ~.M'11~0)~
15 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 line 5. (11 line 5 is a loss, enter -0-.) . . . . . . . . . . .
16 Depreciation (attach Form 4562) . . . . . . . . . . . . . . . . . . . . . .L6- c Add fines 12a and 12b . . . . . . . . . . . . . . . .. . . . . . . . . 12C
17 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 13
13 Enter capital gain not Incorria from Part 1, line 5 . . . . . . . . . . . . . . . .
18 Other deductions (attach schedule) . . . . . . . . . . . . . . . . . . . . 18 14 Subtract lire 13 from fine 12c . . . . . . . . . . . . . . . . . . . . . . 14
19 Toted deductions. Add lines 9 through 18 . . . . . . . . . . . . . . . . W 15 Divide fine I I by fine 14. Carry the result to five decimal places . . . . . . . . . . 15
20 Taxable Income before net operating Ioss deduction, total deduction for dividends paK and
section 857(b)(2)(E) deduction. Subtract line 19 from fine 8 . . . . . . . . . . . . 20 16 Section 857(b)(5) tax. Multiply fine 6 by line 15. Enter hem and on Schedule J, fine 3c . . . Is
21 Less: a Net operating loss deduction (see inermictions) . . . i i
Part IV-Tax on Not Income From Prohibited Transactions (See Instructions.)
b Total deduction for dividends paid (Scheduki A. line 6) 12.b 'E 'I
c Section 857(b)(2)(E) deduction (Sc 121c I I _ Ad I Gain from the sale or other disposition of property . . . . . . . . . . . . . . .
Tax arid Payme nts 2
2 Deductions directly connected with the production of income shown on line 1. . . . . .
22 Real estate Investment bust taxable Income. Subtiac line 21d from lim 20 . . . . . 3 Net income from prohibited trameactions. Subtract line 2 from line 1 . . . . . . . . . 3
23 Total tax (Schedule J, line 9) . . . . . . . . . . . . . . . . . . . . . . 4 Tax on net Income from prohibited transactions. Multiply line 3 by 100%. Enter here ard on
24 Pirflareft: a 1992 overpayment utifified ui 19M 12" 1 1 Schedule J. line 3d . . . . . . . . . . . . . . . . . . . . . . . . .
b 1993 estimated tax payments . . . 12413 1 1 . Deduction for Dividends Paid (See instructions.)
* Less 1993 refund applied tar on Form 4466 1 Buds. 24d
* Tax deposited with Form 70D4 . . . . . . . . . . . . . . 24e I Dividends paid (other than dividends paid after the end of the tax yea4. Do not Include dividends
f Credit from regulated investrnent companies (attach Form 2439) 24, considered Paid M the preceding tax year under section 857(b)(8) or 858M, or deficiency
9 Credit for Federal tax paid on fuels (attach Form 4136) dividends as defined in section 860 . . . . . . . . . . . . . . . . . . . .
25 Estimated tax penalty (see instructions). Check if Form 2220 is attached . . . . El 2 Dividends paid in the 12-month period following the close of the tax year under a section 8511(a)
26 Tax due. It line 24h is smaller than the total of lines 23 and 25, enter amount owed. . . election to treat the dividends as paid during the tax year . . . . 2
27 Overpayment. If line 24h is larger than the total of fines 23 and 25, enter amount overpaid . 27 Fi 3 Dividends declared in October. November, or December deemed paid on. December
. . . .31 . under
* *
28 Enter amount of line 27 you want: Credited to 1294 estimated tax le- I Refunded 1 1 28 1 3
section 857(b)(8). (See instructions) . . . . . . . . . . . . . . . . . . .
-t. aw to tive t-t of nir i-~ge w
Please Am~
Lft* p~n
beW ~ol ~~
pv pxvww cwnpw&
. loedm "DKo
i ~ato 4 Consent dividends (attach Forms 972 and 973) . . . . . . . . . . . . . . . .
Sign 5 Total dividends paid. Add fines I through 4 . . . . . . . . . . . . . . . . .

Here 6 Total deduction for dividends paid. If there is net income from foreclosure property an line 5,
Sgmtwe of Oxer 1-e ilie Part 11, see instructions for limitation on the deduction for dividends paid. Otherwise, enter total
D11, Pim--a-myn ix,
P~mr's dividends paid from line 5 here and on line 21b, page 1 . . . . . . . - . . .
PPald .gral- M*yw
Ureparer's
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Cal. No, 64114F F-1120-REIT (1993)

14
0* F- 1120-AlEff (1993) Page 3 Fo- 11MREff (1993) page 4
Tax Computation §ee Balance Sheets E. of W Y.,

I Check if the REIT is a member of a controlled group (see sections 1561 and 1563): . 10 13 Assets
2a If the box on line I is &tacked, enter the REIT's Sham of the $50,000, S25.000, and $9,925,000 1 Cash . . . . . . . . . . . .
taxable income brackets (in that order): 2a Trade notes and accounts receivable .
(1) 1$ 1 J (2)iS I J (3) IS I b Less allowance for bad debts . . . .
b Enter the REFT's sham of: 3U.S. government obligations '*. * , ,
(I) additional 5% tax (not more than $11,750) IS _J 4Tax-exempt securities (see unst ructions).
R additional 3% tax (not more than $100,000) 1$ _J 5Other current assets (attach schedule) .
3a Tax on REM taxable income . . . . . . . . . . . . . 3a 6Loans to stockholders . . . . . .
to Tax from Part 11, line 6. page 2 . . . . . . . . . . . . 3b 7Mortgage and real estate bans . . .
c Tax from Part III, line 16, page 2 3,c Other investments (attach schedule).
d Tax from Part IV, line 4, page 2 . . . . . . . :a Buildings and other depreciable assets.
e Income tax. Add lines 3a through 3d . . . . . .
. . . . . . . . . . . to Less accumulated depreciation . . .
4a Foreign tax credit (attach Form 1118) . . . .. . . .
4a . . 10 Land (net of any amortization) . . .
b 0 Nonconventional source fuel credit 13 OEV credit (altacItForm 8834) .-
4b Ila Intangible assets (amortizable only)
c General business credit. Enter here and check which forms are attached: b Less accumulated amortization . . .
El Form 3800 0 Form 3468 0 Form 5884 12 Other assets (attach schedule). . .
El Form 6478 C3 Form 6765 0 Form 8586 13 Total assets . . ~ . . , . . . . .
0 Form 8830 0 Form 8826' C3 Form 8835 . . . .. I 4c I Liabilities and Stockholders' Equity
of Credit for prior year minimum tax (attach Form 8827) . . . . Eil 14 Accounts payable . . . . . . . .
a Total credits. Add lines 4a through 4d . ... . . . . . . . . . . . .. . . . . 4e 15 Mortgages, notes. bonds payable in less than I year
5 Subtract line 4e from line 3e . . . . . . . . . . . . . . . . . . . . . . 5 16 Other current liabilities (attach schedule)
6 Personal holding company tax (attach Schedule PH (Form 11 20)) ... . . . . . . . . 6 17 Loans from stockholders. . . . . .
7 Recapture taxes. Check d from: El Form 4255 11 Form 8611 . . . . . . . . . . . 7 18 morgages, notes, bonds payable in I year or more
8 Alternative minimum tax (attach Form 4626) . . . . . . . . . . . . . . . . . 8 19 Other
. liabilities
r (attach schedule) . . .
9, Total tax. Add lines 5 through 8. Enter here and on line 23, page 1 . . . . . . 20 Capilot stock: a Preferred stock
Other Information (See instructions. b Common stock
Check method of accounting: -INo ost No 21 Paid-in or capital surplus . . . . .
6 Was the RErT a U.S. shareholder of any controlled
Ia 0 Cash foreign corporation? (See sections 951 and 957.). 22 Retained earnings-Appropriated fattach schedule)
b 0 Accrual If "Yes,* attach Form 5471 for each won corporation. 23 Retained earnings-Unappropriated. .
c 0 Other (specify) ll~.................................. Enter number of Forms 5471 attached b. ........... 24 Less cost of treasury stock . . . . .
25 Total liabilities and stockholders' equity.
2 Did the REfT at the end of the tax year own, directly 7 At any time during the 1993 calendar year, did the Note: Sctredules M-1 and M-2 do not have to be completed if total assets on Schedule L, line 13, column (d) are less plan S25,000.
or indirectly. 50% or more of the voting stock of a REIT have an ardwesl in or a signature or other
Reconciliation of Income (Loss) per Books With Income per Return
domestic corporation? (For rules of attribution, see authority overafinanciml account in a foreign country
section 267(c).) . . . . . . . . . . . . (such as bank account. securities account, or other 1 Net income (loss) per books 7 Income receirded on books this year
If 'Yes." attach a Schedule showing: (a) name and financial~ account)? . . . . . . . . . . . 2a Federal income tax not included on this return (itemize):
identifying number, (b) percentage owned, and (c) ~,f "Yes," the REIT may have to file Form TO F 90-22. 1. (Schedule J, line 9). . $ ..................... Tii-eientill interest $ ...............
taxable income or (loss) before NOL and special
deductions of such corporation for the tax yew ~Yes," enter narne, of the foreign country 10., ...... b Less: Section 1157(b)(5) tax $ I__ .............. ..........................................
ending with or within your tax year. ......................................................... c Balance . . . . . . . . . . . 1- 8 Deductions on this netum not changed
3 Is the RErr a subsidiary in a parent-subsidiary S. Was the REIT the grantor of, or translator to, a foreign 3 Excess of capital,losses over capital gains against book income, this yew (itemize):
controlled grourbIr . . _ . . . . . . . . trust that existed during the current tax year, whether 4 Income subject to tax not recorded on a Depreciation. . S ...............
If -Yes,- enter the employe identification number or not the REIT has any beneficial interest in it? . . books thisyear (itemize): .................... la Net operating loss deduction
and name of the Parent corponation.1. .............. It "Yes," the REFT my have to file Forms 926. 3520, .................................................. (page I. line 21a) . $ ...............
or 3520-K ......... I ....................................... c Deduction for dividends paid
4 Did any individual, pannierstup, copomtkin. estate.
5 Expenses recorded on books this year not (page 1. line 21 b) . $ ........ : ......
or trust at the end of the tax yew own. dIirectly or 9 During this tax year, did the FIER pay dividends (other
indirectly, 50% or more of the RETT's voting stock? than stock dividends and distributions in exchange deducted on this return (itemize):
, (For rules of attribution, seat section 267(c).) . . . for stock) in excess of the REIT's current and a Depreciation . . . S .....................
It 'Yea;," attach a schedule showing name and accumulated earnings and prof-its? (See sections 301 b Section 4981 tax. . S. ..................... 9 Net income from foreclosure property
idwititying number. (Do not include any information and 316.) . . . ... . . . . . . . . . c Travel and entertainment $ 10 Net income from prohibited transactions
...... ......
already entered in 3 above.) Enter percentage If 'Yet;,"file Form 5452. ................... I ............................. I I Add lines 7 through 10. . . . .
owned 10 .............................................. 0 Check this box if the REIT issued publicly offered debt 12 RErT taxable income pine 22.
5 Did one foreign person at any time during the tax instruments with original issue discount . 11, 0 6 Add lines 1 through 5 . . . . . page 1 ~- line 6 less line 11 . . .
year own, directly or indirectly. at least 25% of: (a) Schedule M-2 Analysis of Unappropriated Retained Earmings per Books (line 23 Schodull U
If checked, the REIT may have to file Form 8281.
the total voting power of all classes of stock of the
REIT entitled to vote. or (b) the total value of all I Enter the arnoum of tax-exempt interest received or accrued I Balance at ',beginning of year . . . . . 5 Distriburlions~ a Cash . . . . .
classes of stock of the REIT? If "Yes." . . . . during the tax year 11- 1$ 1 _J 2 Net income poss) per books . . . . . b Stock . . . . .
a Enter percentage owned lo, . ......................... 3 Other increases (itemize): .................. c Property . . . .
2 Enter the available NOL carryover from prior tax
b Enter owner's country ll~ ............................. ............. ...... I ............................ 6 Other decreases (itemize): .........
c The REIT may have to file Form 5472, Enter number years. (Do not reduce 4 by any clecluiction'on
7 Add lines 5 and 6
of Forms 5472 anached I- line 21a),11- 1$ 4 lines .........
1. 2, and*-3............
. . . . . . . 8 Balance at end of year (line 4 less line 7)
 Page 2
Form 1120-RIC (1993)
*-Tax on Undistributed Net Capital Gain Not Designated Under cition IBW(b)(3~(D
20-RIC U.S. Income Tax Return for 01,18 No.1545-1010
F-1 I
Regulated Investment Companies I
Port Net capital gain from Schedule D (Form 1120). line 12 (attach Schedule D (Form 1120)) .. . . .

Fiv calends, yea,Xtio

0- Instin
1993 o, - yea, beg-ng ............... 1993. and ending ...... - 19 .....
his are separate. See page 1 for Papenvork Reduction Act Notice.
`0693 2 Less: Capital gain dividends from Schedule A, line 61b. :.. . . . . . . . . . .
3 Amount subject to tax. Subtract line 2 from line 1 ... . . . . . . . . . . . .
.
.
.
.
2
3
4 Capital gains tax. Multiply line 3 by 35%. Enter here and on line 31b, Schedule J . . . . . . 4
A 1., 0 RIC Wall. Name ol fund C Employer Identification ndhi
,election Schedule A Deduction for Dividends Paid (Do not include exempt-interest divi s or capital gain dividends
Fit- re Cried on Form 2438, line Elb.)
Type Numper. street. and room or whe no of a P.o~ dox. she Page 6 of inst-illm) 0 Total assets (See page 6 o'
rh-axi-i I.) 0,0-'y drylifendul (b) Cap., gain mytt.n.,
9 Date I to .. I Dividends paid other than dividends paid after the end of the tax year.
astewholed, Print City or - Vale. and ZIP tode Do not include dividends considered paid in the preceding tax year
under section 852(b)(7) or 855(a). or deficiency dividends as clefined in
(1) 0 Final return (2) 0 Change of address (3) [] Amended return section 860 . . . . . . . . . . . . . . . . . . .
E Check applicable boxes:
tax year 11- Dividends paid in the 12-manth period following the close oI the tax year which
F Check a the fund us a personal holding company (attach Sch. PH) or it the fund is not in compliance with RegS. SK. 1.852-6 for this 2
the fund elects to treat as paid during the tax year under section 855(a) . . 2
Part "Investment Company Taxable Income
3 Dividends declared in October, November, or December and deemed
Dividends . . . . . . . . . . . . ... . . . . . . . . . . . . . .
2 paid on December 31 under section 852(b)(7) (see instructions) . . .
2 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4
3 4 Consent dividends (attach Forms 972 and 973) . . . .. . . . .
3 Nei foreign currency gain or (loss) from section 988 transactions (attach schedule) . . . . 5 W\~ \\\\
4 5 Foreign lax paid deduction (section 853(bXlXB)), it applicable (see instructions).
4 Payments wilh respect to secur ities loa ns (see instructions) . . . . . . . . . . .
J 1 6 Deduction for dividends paid:
5 Excess of net short-term, capital gain over net long-term capital loss from Schedule D (Form a OrifirarV dividends. Add lines I though 5 of column la). Enter here and on page 1, line 25 110001%~\E\
1120). line 11 (attach Sche d ule D (Form 1120 )) . . . . . . . . .
. . . . . . . . It Capital gain dividends. Add lines 1 through 4 of column (b). Enter here Bill
6 Nei gain or (loss) from Form 4797 , Part 11, line 20 (attach Form 4797) and on Part 11, line 2, above . . . . . . . . =1911
§
7
Ol he :.nc.=.(~ed~d
A ~nsl
'ines
,,c,lion
fit=,, 7 5cledulel
attach . . . . . . . . . . .
Sched ule B 7 nformation Required With Respect to Income From Tax-Exempt Obligations
a Total; .
1 Did the fund quality under section 852(b)(5) to pay exempt-interest dividends for 1993? . . . . . . 11, Yes No
9
1 9 Complen tion of officers (Schedule E, line 2) . . . . . . . . . . . . . . . .
c Balance D. 0c If "Yes," complete lines 2 through 5.
Z oa salaries andS alages b Less jobs credit . . . . . . . .. 2
1 2 Amount of interest excludible from gross income under section 103(a) .
II Rents . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
12 3 Amounts disallowed as deductions under sections 265 and 171(a)(2) .
. . . . . . . . .
12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . 4
. 13 4 Net income from tax-exempt obligations. Subtract line 3 from line 2 .
. . .
13 Interest . . . . . . . . . . ... . . . . . . . . . . . . . . . 5 Amount of line 4 designated as exempt-interest dividends . . . .
. . . 5
. 4
14 Depreciation (attac h Form 4562) . . . . . . . . . . . . . . . . . . .
~][ Compensation of Officers (See instructions for line 9, page 1.)
. 5L I
115 Advertis ing . . . . . . . . . . . . . . . . . . . . . . . . . . Coniplete Schedule E only if total receipts are $500,000 or more.
6 Reg si t rati on fees . . . . . . . . . . . . . . . . . . . . . . . . . 16 to Pmen, of fund's (.1 Ani of
7 pill S-1 -my (c) Parton of same
Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . (a) Name of oll devoted To busViless stock owned compensation
17
IS Accounting and legal services . . . . . . . . . . . . . . . . . . . . . 8 % %
Management and investment advisory fees . . . . . . . . . . . . . . . . 9
19 % %
0
20 T ransf er agency. s harehold er servicing, and custodian fees and expenses . . . . . . .
in 1
21 Reports to share holders . . . . . . . . . . . . . . . . . . . . . . .
2 Total compensation of officers. Enter here and on line 9, page 1 . . . . . .
Other ded u ction s (attach schedule) . . . . . . . . . . . . . . . . . 2
22 11 Tax Computation (See instructions.)
'5
. 23 Tota l d e d ucti on s. Add lines 9 through 22 . . . . . . . . . . . . . . . . 01 3
`o 24 4 1 Check if the fund is a member of a controlled group (am sections 1561 and 1563) 111,
Taxable income before deduction for dividends paid. Subtract line 23 from line 8 . , . .
0125 Less: Deduction for dividends paid (Schedule A. line Eat. . . . . . . . . . . . . 25 1 2a 11 the box on line 1 is checked. enter the fund's share of it* $50,OM, S25.000. and $9.925,000
humble income bracket amounts (in that order):
26 =t, . :n(=pany taxable income. Subtract line 25 from line 24 . . . . . . .
(1) Is I J Ml$ 1 J 13)1$
2 ule J. line 9) . . . . . . . . . . .
to Enter the fund's share of: (1) additional 5% tax (not mom than $11,750) S
28 Paymems: a 1992 werpayment created to 1993 1 2 8. 1 MON
.
(2) additional 3% tax (not more than $I D0,0100)
2 b 1993 estimated tax payments . . . [28b
3s Tax on investment company taxable income . . . . . . . . .
C Less 1993 relund applied for on Form 4466 1 28c 28d
Id Capital gains tax. Enter amount from Part 11, line 4 . . . . . . . r3
ZI
e Tax deposited with Form 70G4 . . . . . . . . . . . . . 21se
IL 281T c Income tax. Add lines 3a and 3b . . . . . . . . . . . . . . . . . . . . ..
I Credit from other regulated investment companies (attach Form 2439)
VI 28g; 4a Foreign tax credit (attach Form 1118) . . . .
cl
at 9 Credit for Federal tax paid on luels (attach Form 4136) . . .
0. C] 29 1 b Check: [I Nonconventional spume tuel credit 0 QEV c;edit (atia;h Form 8834) 4b
Estimated Is- penalty (sea instructions). Check it Form 2220 is attached.
129
Tax due. it line 28h is smaller than the total of lines 27 and 29 . enter amount owed . .
30
Overpayment. if line 28h is larger than the total of lines 27 and 29. enter amount overp : id . .
3
Enter amount of ;,ne 31 you want: Credited to 1994 estimated tax It. I Raft; tied Ill
0
32 1
0
c General business credit. Enterhereand check which forms areatrachet:1.
Form 3800
C3 Form 6478
Form 3468
0 Form 6765
F
D Form 8586
orm r

1 321 R
4.
1 -,- .1 dar,,,. I dectare I,.:, a. le.-reams ret- -ng accornDahpng ached- and vatements. and to the past .1 n,y kh-leoge Form 8830 0 Form 8826 0 Form 8835
Please anooei.v.h,st,u
uZr cwhen-comoiete of Credit for prior year minimum tax (attach Form 8827) L-
4d
Sign a Total credits. Add lines 4a through 4d . . . . . . . . . . . . . . . . . . .
Sigh-re of 0- Date 6 Subtract line 4e from line 3c . . . . . . . . . . . . . . . . . . . . . . . 6
VVe se- 1,,. 6 Person I holding company ta (attach Schedule PH (Form 1120)) . . . . . . . . . . .
Prepaef s old
Paid 519-ture Recapture taxes. Check it from: El Form 4255 C3 Form 8611 . . . . . . . . . .
'milom" E.I. No 8 Alternative minimum tax (attach Form 4626) . . . . . . . . . . . . . . . . . .
Use 0.1, a -1 -
F'-~v 9 Total tax. Add lines 5 through 8. Enter here and on line_27. page 1 . . . . . . . . . .
and a.dr- ZIP -
1120-RIC i993
 Forrn 11MRIC (1993) Pall. 4.
F,,nn 11MFOC 0993) P.ge 3
Balance Sheets; Begirinw,; of Wx yea, End .1 t. yr
Other Information (See page I I of th instructionsl TY-11,10 .
Assets (b) 1c) I fd)
Ia Check method of accounting:
o Cash
1071 I Cash ... . NNOMMUSENEWN,
I

b 0 Accrual
2a Trade notes and amounts
. . . . re~eiabe NE
It Less allowance for bad debts
C El Other (specify) 0 ................................ : ..................
3 U.S. government obligations . . . . .
2 Did the fund at the end of the tax yew own. directly or indirectly, 50% bi, more of the voting stock of a domestic cor6oration?
4 Tax-exempt securities (see instructions)
(For wles of attribution. see section 267(c).) If 'Yes.w attach a schedule showing (a) name and identifying number, (b)
5 Other current swats (attach Schedule). .
percentage owned, and (c) taxable income or " before NOL and special deduabons of Such corporation for the tax
6 Loans to stockholders . . . . . . .
year ending with or within your tax year.
7 Mortgage and real estate loans . . _ .
3 Is the RIC a subsidiary in a parent-subsickary controlled grW .. . . . . . . . . . . . . . . . . . .
8 Other in stments (attach schedule)
If 'Yes," emer the employer identification number and name of the parent corporation 11~ .... ..............................
90 Buildings and other fixed depreciable asisets.
b Less accumulated depreciation . . . .
4 Did any individual, partnership. Corporation, estate or trust at the end of the twi year own, directly or indirectly, 50% or
10 Land (net of any arnortization) . . . .
'No
more of the RIC's voting stock? (For rules of attribution. see section 267(c).) . . . . . . . . . . . . . . .
11a Intangible assets (amortizable only) . . .
It 'Yes,' attach a Schedule showing hanne and identifying number. (Do not inchide any information already entered in 3
b Less accumulated amortization . . . .
above.) Enter percentage owned 0. ........................... _.. ................... .....................................
12 Other assets (attach schedule) . . . .
13 Total assets . ... . . . . . . .
5 Did one foreign person at any time during the tax year own, directly or indirectly, at ;ew 25% of:
a The total voting power of all classes of stock of the fund entitled to vote. or
Liabilities and Stockholders' Equity \WE
14 Accounts payable . . . . . . . .
It The total value of all classes of stock of the fund? If 'Yes,": . . . . . . . . . . . . . . . . . . . ..
15 Mortgages, notes, bonds payable in less Iran 1 year
(1) Enter percentage owned 0, ...................................... ......
16, Other current liabilities (Vach schedule)
(2) Enter owner's country 0. ...............................................
17- Loans fro. stockholders . . . . . .
(3) The fund may have to file Form 5472. Enter number of Forms 5472 attached 11- ....... : ........................
18 Mortgages noln. bonds payable in 1 year or me
19 Other liabilities (attach schedule) . . .
6 Was the fund a U.S. shareholder of my controlled foreign corporation? (See sections 951 and 957.) . . . . . . .
20 Capital stock . . . . . . . . . .
If 'Yes." attach Form 5471 for each such corporation.
21 Pwd-in or capital surplus . . . . . .
Enter number of Forms 5471 attached I. ........................
22 Retained ewnrigs-Appropriated Janach schedule)
23 Retained eamings--UnapPrOpriated . ,
7 At any time during the 1993 calendar year, did the fund have an interest in or a signalure a other authority over a financial
. 24 Less cost of treasury stock . . . . .
account in a foreign country (suich as a bank account, securities account or other financial accourit)? . . . . . . .
25 Total liabilities and stockholders' equity
If "Yes," the fund may have to file Form TO F 90-22.1. corhPARte Scnadules M_ I and
Note: The fund is not required to M-2 if total assets on line 13, cokmn of Schedule L am less than M.
It "Yes," enter the name of the foreign country I. .......... ................................... ............................... Reconciliation of Income (Loss) per Books With Income per Flitum (See instructions.)
1 Net income (loss) per books . . . . . 7 Income reciorcled on books this year
8 Was the fund the grantor of. or translator to. a foreign liust that existed durft the current tax year, whether or not the 2 Federal income tax . not inclucled orn this return f4ennize);
fund has any beneficial interest in R? . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Excess Of Capital losses. over
. capital gains ~ax-~exempl interest. $ ............
If 'Yes." the fund may have to file Forms 926. 3520. Or 35210ioA.
4 Income subject to tax not recorded on
9 During this tax year. did the fund pay dividends (other than stock dividends and distributions in exchange for stock) in
books this year (itemize)~ .................. a , * ........ * * ............
Deductions on this return ........
not charged
* * ....
excess of the fund's current and accumulated earnings and prolits? (See sections 301 and 316-) . . . . . . . .
.........: .................................... against book inconne this year (dernize):
If -Yes," file Form 5452.
.......: ...................................... a Depreciation . . . . $ ............

5 Expenses recorded on books this year not b Deduction lot dvidends

10 Check this box if the fund issued publicly offered debt inshimients with original issue discibunt
deducted on this return (ftemae); paid Pire 25. page I). .$ ............
lf checked, the fund may have to file Form 8281.
a Depreciation . . . . $ .................
b Expenses allocable to tax-exempt interest 9 Net capital gain from Form 2438, line ga
11 Enter the amount of tax-exempt interest received or accrued during the tax year b-
income . . . . . S ................ 10 the fund did not file Form 2438. -It
c Section 4982 tax . . $ ........ ........ enter the net capital gain from
12 If this return is being filed for a series fund (as discussed in section 851(h)C2)). completa a and b:
d Travel and entertainment S ................ Schedule D (Form 1120). line 12.
a Name of regulated investment company in which the fund is a series I. .................... ................................
............................................ Otherwise, enter -0. . . . . . -
Is Date the regulaied investment company was incorporated or organized 10- ...................................
.............................................. 11 Add firm 7 through 10
12 'mail company taxable income
13 Section &r)3 election.-Check this box if the fund meets the requirements of Section 853(a) arid elects to pass through 6 ;;~d- ii~w; -i;~~Uj;~ i -~ ..... . ..... 0 T2
Page
lHim 6 less line 11
the deduction or credit for foreign taxes 0 paid to its shareholders. Sea the instructions lor additional details and Analysis of Unappropriated Retained Earnings per Books (Line 23, Schedule Q
requirements . . . . . . . . . . . . . . . . . . . . . . . . . . . . : . .
14 Regulations section 1.852-11 election-Check this box if. for purposes of Cornputing taxable income, the fund elects
D. 11 1 Balance at beginning of year . . . 5 Distributims: &CZ
S
W\ 2 Net income poss) per books . . . . b : : : ~ ~
to defer all or pan of its post-October capital loss or post-October currency Ioss for this tax year . . . . . . 0-
3 Other increases (itemize): ................... c Property - . . .
if the election is made, enter the amounts deterred:
Post-October capital loss I. ...........................................
N\X1 I
..................... ................ 6 Other decreases Itemize): ..........
..............................................
b Post-October currency loss P, _.. _ ............ ............... .....
a
.1 Aff.dric
.. 5nw~
ir y6 ... . . . . .
4 Adidin*e's...1*,'2'.-a'n-d-3' .............. '7e a-. e fline 4 less line 7) I

.G) __ - 1.1lr -
 . Form 1120S (1993) pop 2
F..1120S U.S. Income Tax Return for an S Corporation
10, Do not file this form uniess the corporation ties IfirrAlly fled
OMB No. 1545-0130

Schedule A Cost of Goods Sold (See instructions.)

Form 2553 to elact to be an Is corporation.
Depearwe el " Tneewy
. P_ Service 11- See separate instruictions. - 1093 I
2
Inventory at beginning of year . . . . . . . . . . . . . . . . . . .
Purchases, .. . . . . . . . . . . . . . . . . . . . . . .
.
. .
. .
. 2
For calendar year I M or la._year beginning _.. . IM and anch-11 .......... I I a .....
C Employer identification number 3 Cost of labor . .. . . . . . . . . . . . . . . . . . . . . . . . . . . 3
A Date of election as ah Use Nam
S corporation IRS 4 Additional section 263A costs (see instructions) (attach schedule) . . . . . . . . . . .
latieli.
5 Other costs (attach schedule) . . . . . . . . . . . . . . . . . . . . 5
Number, sheen. and morn a suite no. (111 a P.O. box. sel, pap 9 of the InStruCti0int.) 0 Dale incorporated . . .
6 Total. Add tines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . 11
0 Busneat, cocle no, pute
solicit. pl~ City a town. state. and ZIP cock, Total assirls LW specific lhoruclas) 7 Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . 7
pirml or
4
Y~
=pe-_ 8 Cost of goods sold. Subtract line 7 from Ime 6. Enter here and on page 1. fine 2 . . . . . .
I
ga Check all methods used for valuing closing inventory:
F Check applicable boxes: (1) 0 Initial return (2) 0 Final return (3) El Change in address (4) D Amended return
D cost
** Meck this box it this S corporation is subject to the consolidated audit procedures of sections 6241 through 6245 (see instructions before Checking this box) . 0-
Enter number of shareholders in thecorporation at end of the tax year . . . . . . . . . . . ~ii) Lower of cost or market as described in Regulations section 1.4714
Caution: Include only trade or business inicovire and expenses on lines 18 thmigh 21. See the instructions. i.-,;= . . (iii) El Writedown of "subnormal" goods as described in Regulations Section 1.471-2(C)
(iv) C1 Other (specify method used and attach expjanation) ll~ ...................................................... .....................
la Gross receipts or sales I b Less returns and allowances] I c Bal s- to
to Check if the LIFO inventory method was adopted this tax year for any goods (if c hec,kiad~ ahutch Form 970) . . . . 10 C1
G) 2 Cost of goods sold (Schedule A.. line 8) . . . . . . . . . . . . . . . . . . 2
E
0 3 c It the LIFO inventory method was used for this tax year, enter percentage (or amounts) of closing
3 Gross proft Subtract line 2 from fine ic . . . . . . . . . . . . . . . . . .
inventory computed under UFO . . . . . . . . . . . . . . . . . . 1 so
4 Net gain poss) trm Form 4797 , Part 11. line 20 (attach Form 4797) . . . . . . . . . 4
d Do the rules of section 263A (for property produced or acquired for resale) apply to the corporation? . . . . 13 Yes 0 No
5 Other income poss) (see instructions) (attach schedule) . . . . . . . . . . . . . 5
a Was there any change in determining quantities, cost, or valuations between opening and closing inventory?
"Yea,. 0 Yes 0 No
6 Total income Poss). Combine lines 3 through 5 . . . . . . . . . . . . . . 11- 6
if attach explanation.
7 Compensation of officers . . . . . 7
so salaries and wages L .I . I. to Len
. . employment
. . . .credits
. .L_. . . I 'I C*Bai. Be Other Information
9 Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . 9 Yes I No
10 Bad debts . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
I Check method of accounting: (a) 0 Cash (b) D Arcrual (c) 0 Other (specify) ll~ ...........................
It Rems . . . . . . . . . . . . . . . . . . . . . . . . . . . .
12 2 Refer to the list in the instructions and state the corporation's principal:
12 Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . .
13 (a) Businests activity I. .................................. :.. (b) Predict or service No .......... _.. ...............
13 Interest . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3 Did the corporation at the end of the tax year own, directly or indirectly. 50% or more of the voting stock of a domestic
Z 14a Depreciation (see instruictions) . . .
. . . . N
corporation7 (For rules of attribution. see section 267(c).) If "Yes.' attach a schedule showing: (a) name. address. and
T; b Depreciation claimed on Schedule A and elsewhere on return 14
employer identification number and (b) percentage owned . . . . . . . . . . . . . . . . . . . .
C Subtract line 14to from line 14a . . . . . . . . . . . . . . . . . . . . 14c;
4 Was the corporation a member of a controlled group subjecl to the provisions of section 1561? . . . . . . .
15 Depletion (Do not deduce oil and gas deplelflon.) . . . . . . . . . . . . . . 1
15
16 5 At any time during calendar year 1993, did the corporation have an interest in or a signature or other authority over a
16 Advertising . . . . . . . . . . . . . . . . . . . . . . . . . .
C 17 17 financial account in a foreign country (such as a bank account, securities account, or other firencial account)? (See
.2 Pension , profit-sharing , etc.. plans . . . . . . . . . . . . . . . . . . . .
instructions for exceptions and filing requirements for Form TO F 90-22.1.) . . . . . . . . . . . . . .
18 Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . 18
It "Yes," enter the name of the foreign country Do, ..................................................................................
19 Other deductions (see instructions) (attach schedule) . . . . . . . . . . . . . . t 19
20 6 Was the corporation the grantor of. or transferor to, a foreign truefthat existed during the current tax year, whether or
20 Total deductions. Add lines 7 through 19 . . . . . . . . . . . . . . . . 11-
21 Ordinary income poss) from trade or business activities. Subtract line 20 from line 6 . . . . 21 not the corporation has any beneficial interest in it? 11 'Yes,* the corporation nhay have to file Forms 3520, 3520-A. or
926 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .
22 Tax: a Excess net passive income tax (attach schedule) . . . . 122a
7 Check this box If the corporation has filed or is required to file Form SM. Application for; Registration of a Tax
to Tax from Schedule D (Form 1120S) . . . . . . . . . . 122b
22c Shelter . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . b. C3
c Add lines 22a and 22b (see ins1ructions for additional taxes) . . . .
8 Check this box it the corporation issued publicly offered debt instruments with original issm discount . . 10, 0
23 Payments: a 1993 estimated tax payments
E If so, the corporation may have to file Form 8281, Information Return for Publicly Offered Original Issue Discount
b Tax deposited with Form 7004 . . . . . . . . . . . .
Instruments.
c Credit for Federal tax paid on fuels (attach Form 4136) 123C 1 . . . 1
9 It the corporation: (a) filed its election to be an S corporation after 1986, (b) was a C corporation before it elected to
,lot d Add lines 23a through 23c . . . . . . . . . . . . . . . . . . . . . . 23d
C be an S corporation or the corporation acquired an asset with a basis determined by reference to its basis (or the
at 24 Estimated lax penalty (see insinuctions). Check if Form 2220 is attached. . . . . . fi~ E) 24
basis of any other property) in the hands of a C corporation, and (c) has net unrealized buift-in gain (defined in section
25 Tax due. If the total of lines 22c and 24 is larger than line 23d. enter amount owed. See
X 1374(d)(1)) in excess of the net recognized butift-in gain from prior years, enter the net unrealized.buitt-in gain reduced
instructions for depositary method of payment . . . . . . . . . . . . . . . 1. 25
by net recognized built-in gain from prior years (see instructions) , , . . . ll~ $ .........................
26 rpayment It line 23d is Larger than the total of lines 22c and 24, enter amount overpaid 11- 26
10 Check this box 'if the corporation had subichapter C earnings and profits at the close of the tax year (see
27 Enter amount of line 26 you want: Credited to 1994 estimated tax - I Refunded ii~ 27
- instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1~ 0
Unai, peralvirs of pejury. I declare that I na,e examoned the; return. incluMnia accompanying tichilidules and staternerrut. and tO the pan 01 My knOwleoge
am oetef. it a true. correct. am con,pete. pectination of prepare (other than taxpayerl a; based on air inforrhation of which prepa- hat any knowuhge. .
Please Designation of Tax Matters Person (See instructions.) '
Sign Enter below the shareholder designated as the tax matters person (TIAP) for the tax year of this return:
Here
Dau, Name of lden&ytng
designated TMP number of TMP
Date . 1Pr"ar.,..!,oc4I;7, ty-W
Paid check d se".
signature li, amplo'"
PFCPaFCF 3 Firms narne Address of
E.L No. I-
designated TMP
Use Only ZIP cocie 10,
For Pme work Recluctiom Act Notice, sare pop I of separate instructions. cat. NO. 11510H F- 1120S (1993)
183 184
 Corporate Returins/1'993 e Forms and. Ins'trudtions
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 SCHEDULE 0 Capital Gains and Losses and Built-in rJains, -D130

(Form 1120S)
0- Attach to Forrint 11112111S.

a, See "Pearate frathuctlerS.

Empiftw idientificieldn number

17M Short-Term Capital Gains and LoSSeS-ASSetS Held One Year or Lew
k4 pace aided f.) cop or ", W,.,. M G.,1 or (I-)
(a) Kind of teop" OM description cb) De"', -Weed 44 G- sees ohoe Pil.o .~ W (W) (e))
'Eumple. 100 shahs or 'Z* cot tlho.. Z. Yr.) thei.. day. VT.)

2 Short-term capital gain from installment sales 6252, line 26 or 37 . . . . . . . .

3 Short-term capital gain or Qcrss) from like-kind exchan ges from Form 8824 . . . . . . . .
4 Combine lines 1 through 3 and enter here . . . . . . . . . . . . . . . . . . .
5 Tax on short-term capital gain included on line 31 below . . . . . . . . . . . . . . .
6 Net short-term capital gain or Poss). Subtract line 5 from line 4. Enter here and on Form 1120S,
Schedule K. line 4d or line 6 . . . .
nnn Capifttal Sins and Losses--Assets Held More Than One Year
7

8 Long-term capital gain from installment sales from Form 6252, line 26 or 37 . . . . . . . . 8
9 Long -term capital gain or Poss) from like-kind exchanges from Form 8824 . . . . . . . . . -!-
10 Combine lines 7 throu g h 9 and enter here . . . . . . . . . . . . . . . . . . . 10
11 Tax on long-term capital gain included on lines 23 and 31 below . . . . . . . . . . . .
12 Net long-term capital gain or (loss). Subtract lire 11 from line 10. Enter here and on Form 1120S,
Schedule K, line 4e or line 6 . . . .... . . . . . . . . . . 12
~~Capital Gains Tax (See instructions before completing this part.)
13 Enter section 1231 gain from Form 4797 , line 10 . . . . . .. . . . . . . . . . . . . 13
14 Net lon g -term capital gain or (loss)--Ccenbine lines 10 and 13 . . . . . . . . . . . 14
Note: It the corporation is i4iible for the excess net passive income tax (Form 1120S, Page 1, line .
22a) or the built-in gains tax (Part IV below), see ft line 15 instructions before completing line 15. O
. 'NE
15 Net capital gain . Enter excess of net long-term capital gain (line 14) over net short-term capital loss (line 4) . 15
16 Statutory minimum . . . . . . . . . . . . . . . . . . . . . . . . . . IS S2 5,
17 Subtract line 16 from line 15 . . . . . . . . . . . . . . . . . . . . . . . . 17
IS Enter 34% of line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . 18
19 Taxable income (see instructions and attach computation schedule) . . . . . . . 9
20 Enter tax on line 19 amount (see instructions and attach computation schedule) . . . .* .' . .' 20
1
21 Net capital gain ITOM substituted basis property (see instructions and attach computation schedule) . . . 21
22 Enter 35% of line 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . -99- -
23 Tax. Enter the smallest of line 18. 20, or 22 here and on Form 1120S, page 1, line 22b . . . . 23
[= Built-in Gains Tax (See instructions before completing this part.)
24 Excess of recognized buift-in gains over recognized built-in losses (a" instructions and attach
computation schedule) . . . . . . . . . . . . . . . . . . . . . . . . . . 24
25 Taxable income (see instructions and attach computation schedule) . . . . . . . . . . . _L5_
26 Net recognized built-in gain. Enter smaller of line 24 or line 25 (see instructions) . . . . . . .?§-
27 Section 1374(b)(2) deduction . . 27
28 Subtract line 27 from line 26 . of zero. or. less. , .enter
. .-0-. here. .and. on. line
. . 31.). .. .. .. .. .. .* ., .* 28
29 Enter 35% of line 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . 29
30 Business credit and minimum tax credit carryforwards under section 1374(b)(3) from C corporation years
31 Tax. Subtract line 30 from line 29 (if zero or less. enter -0-). Enter here a'd on Form 1.12.OS,
page 1, line 22b . . . . . . . . . . . . . . . . . . . . . . . .
For Paperwork Reduction Act Notice. we page I of instructions for Form 1120S. C.. l',. 11516V Schedule 0 (Fom 1120S) 1903

Cal
 -3800 Oli No. 1545-0895
!General Business Credit F- MW j1993) Pimp 2
W Atlach to your tax niturri. 1693 Schedule A- Additional General Business Credit AllowedA-li
Raven 990)_-0111111Y
By Section 39(c)M iBefore Repeal by the
cablet to C Corporations
===V I 11- Sm &operate Instructicris. Seo-e No. 22
ki " ii-, -inum Wentitying numbw 16 Entir the portion of the credit shown an line 5. page 1. that is attributable to the regular investment
credit under section 46 (before amendment try the Revenue Reconciliation Act Of 199101)

[= Tentative Credit 17 Tentative minimum tax (from line 11. page 1) . . . . . . . . 1 17 1

Current year investment credit (Form 3468, Part Q .. . . . . . . .. .. . . . . . . Is

.18 Multiply line 17 by 25% (.25) . . . . . . . . . . . . . . . . . . . . . . .
Current year jobs credit (Form 5884, Part Q . . . . . . . . . . .. . . . . . . 11b
Current year credit for alcohol used as fuel (Form 6478) . . . . . . . . . . . . . Ic
Ild 19 . Enter the amount from line 14, page I . . . . .
Current year credit for increning research activities (Form 6765, Part 111) . . . . . . . .
Current year low-income housing credit (Form 8586, Part 1) . . . . . . . . . . . . Is 20 Enter the portion of the credit shown on line 7, page 1. that is NOT
attributable to the regular investment credit under Section 46 (before
Current year enhanced oil recovery credit (Form 8M Part 0 . . . : . . ~ 11 .amendment by the Revenue Reconciliation Act of 1999-
20
Current year disabled access credit (Form 8826. Part 1) . . . . . . . . . . . . . 19
Current year renewable'electricity production credit (Form 8835, Part 1) . . . . . . . . L1h
21 Subtract line 20 from line 19 (it Im than zero. enter -0-) . . . . . . . . . . . . . 21
Other current yearcredit(s). Check if from C3 Form 8845 D Form 8846 C1 Form 8847 ii
Current year general business credit. Add lines Is through 1i . . . . . . . . . . 11
- rn ne 1. T 1 thsn.zero, a nter -0-i . . .. .
2 22 oubtract line . . .. . . . . . .
Passive activity credits included on fines I a through I i (am instructions~ . . . . , . : .
. L . . .. . . . . . . . . . . . ... . 23 For purposes of this line only, recompute the amount on line 12, Form 1 23
Subtract line 2 from line 1j . 3
4 4626, by using zero on line 7. Form 4626, and enter the result here.
Passive activity credits allowed for 1993 (see instructions) . . . . . . . . . . . .
Carryforward of general business, WIN, or ESOP credit to 1993 (see instructions for the 24
.24 Multiply fine 23 by 10% (.10) . . . ... . . . . . . . . . . . ... . . . . .
schedule to attach) . . . . . . . . . ... . . . . . . . . . . . . . . 5
Carryback of general business credit to 1993 (see instructions) . . . . ... . . . . 6
Tentative general business credit. Add lines 3 through 6 . . . . . . . - - 25 Net income tax (from line 12, page 1) . . . . . . . . . . . . . . . . . . . .

1~ Business Credit Urnitation Based on Amount of Tax 26 General business credit (from line 15. page 1) . . . . . . . . . . . . . . . . . 26

8a Individuals. Enter amount from Form 1040, line 40 . . . . . . . . . . . . . 27

27 Subtract line 26 from line 25 . . . . . . . . . . . . . . ... . . . . . . .
b Corporations. Enter amount frixit Form 1120, Schedule J. line 3 (or Fortin 1120-A, Part 1. line 1).
c Other filers. Enter regular tax before credits from your return . . . . . . . . . . ... 28
28 Subtract line 24 from line 27 . . . . . . . . . . ... . . . . . . . . .
9 Credits that reduce regular fix before the general business cred
a Credit for child and dependent cam expenses (Form 2441, line 10) 9a .
29 Enter the smallest of line 18, line 22, or fine 28 . . . . . . . . . . . .
b Credit for the elderly or the disabled (Schedule R (Form 1040),
line 21) . . . . . . . . . . . . . ... . . . . 9b 30
30 Subtract line 2 9 from fine 17 . . . . . . . . . . . . . . . . . . . . . . .
c Mortgage interest credit (Form 8396, line 11
d Foreign tax credit (Form 1116, line 32, or Form 1118, Sch. B, 31
31 Enter the greater of line 30 or One 13. page 1 .. . . . . . . . ... .. . . . . . .
line 12) . . . . . . . . . . . . . . . . . . . 9d
a Possessions tax credit (Form 5735, line 14) . . . . . . . ..
9f 32 Subtract line 31 from line 25 . . . . .. . . . . . . . . . . . . ... . . . .
I Orphan drug credit (Form 6765. line 10) .. , * . . . .
33 Ent~r the smaller of line 32 or line to. page 1. Enter this amount also on line 15. page 1, instead
9 Credit- for fuel from a nonconventional source . . . . .... . .
of the amount previously computed on that line. Write 'Sec. 38(c)(2)" in the margin next to your
h Qualified electric vehicle credit (Form 8834, line 17) . . . . . I 9h I
entry on'line 15, pagel . . .... . . . . . . . . . . . ..... . . . . ..
I Add lines ga through gh . . ... . . . . . . . . . .. . . . . . .
-10 Net regular tax. Subtract line 9i from line 8 . . . . . . . . . . . . . . . . .. 10
34 If line 32 is greater than line 33, enter the excess here (see instructions) . . . . . . . . . 34
11 Tentative minimum tax (see instructions):
a Individuals. Enter amount from Form 6251. line 26 . . . . Paperwork Reduction Act The time needed to complete and file. If you have comments concerning the
b Corporations.'Enter amount from Form 4626. line 14 . 11 this form will vary depending an accuracy of these time estimates.or
Notlce~ individual Circumstances, The estimated suggestions for making this form more
c Estates and trusts. Enter amount front Form 1041, Schedule H,
We ask for the infornitition on this form average time is: simple, we would be happy to hear from
12 Net income tax: to carry out the Internal Revenue laws Of you. You can write to both the IRS and
Reconikeeping 11 hi., 29 min.
a Individuals. Add line 10 above and line 28 of Form 6251 the United States. You.are required to the Oitce of Management and Budget -
Learning about the at the addresses listed in the
b Corporations. Add line 10 above and line 16 of Form 4626 . . . . . . 12 give us the information. We need it to
taw or the form . hr., 17 min.
c Estates and trusts. Add line 10 above and line 39 of Form 1041. Schedule H ensure that you are complying with instructions for the tax return with which
13 If iine 10 is more than S25,000. enter 25% (.25) at the excess (see instructions) these laws and to allow us to figure and Preparing and sending this form is filed.
_13- collect the right amount of tax: the form to the IRS 1 hr.. 32 min.
14 Subtract line I I or line 13, whichever is greater, from line 12. If less than zero, enter -0- 14
15 General business credit allowed for current year. Enter the smaller of line 7 or line 14. Also
'enter this amount on Form 1040. line 44; Form 1120. Schedule J. line 4e; Form 1120-A.
Part 1, line 2a: or on the appropriate line of your return. (Individuals. estates, and trusts, see
thstructions if the credit for increasing research activities-.is c.laimed, C corporations. see
instructions for Schedule A iar~y regular investment credit carryforward is claimed. See the
instructions if the corporation has undergone a post-1986 "ownership change.*) . 15
.F.i P.Per-li, Reduction Act 14.1ic...viie page 2 Of this forrm. C&!, No 123kF Fo- 31M (1993)
 Page 2
1- 45U n9i
OMB No. 1545-0172
Depreciation and Amortization
,_4562 (including Information on Listed Property) 1093
Listed property.-.Audomobiles, Certain Other Vehicles, cellular Telephones, certain computers, and
Property Used for Entertainment, Recreation, or Amusement
Ahach-M For any valucle for which you are using the standard mileage rate or deducting lasso expense, complete only 22a.
P. a" Instructions. I- Attach this form to Yale, nllbdrd~ seq- No. 67 22b, columns (a) rough (c) f Sction A, all of Section B, and Section C if 4PPliql3ble.
We bilk wveh~.
N-.W We- od ndel
Section A-4)epreciation end Other Info.ma on Me See instructions for limitations for autom
220 Do you have evidetice to support the busiressfinvestment use clamne.it? Q yes 0 No 1 22b If Yes," is the e vidence
.
written9 l es LJ o
.
Bl- or activily to which the lam roan 40 III
0) IN
(b) Iseeeee/ (Cc EWW
save, he dioecedid, R..WY Method, DprdW-
Type of property (Ind Date Placed 0 eherd'nei'l Coo . other section 179
MUW-nr.~awod C~ ded--
Election To Expense Certain Tangible Property (Section 179) (Note: If you have any "Listed Property, oe"I.,

complete Part V before you complete Part L) 23 Property used more TIM 50% in a qualified business use tissla
Maximum dollar limitation (If an enterprise zone business, me instructions.) . . . . . . $17 500
Total cost of section 179 property Placed In service during the tax year less itaftictiore)
3 $ 200,000
Threshold cost of section 179 Property before reduction in limitation . . . . . . . . . %1
Reduction in limitation. Subtract be 3 from fine 2, but do not enter less than -0. . . . . 4
24 Property used 5o% or less in a qualified business use L
Dollar limitation for tax yew. Subtract fins 4 fmm line 1, but do not enter less than 4)-. (If S/L -
married filing separately, see instrucificirs.) . . . . . . . . . . . .. . . . ... . 1 5 S/L -
N Delealabod of Onlon" (b) God I lot Elected
%I IS/L -
Add amounts in column (h). Enter the total here and on line 19. page I ... . . . .
25
Add amounts in column 01. Enter the_ tomI hem and on line 7, page 1 . . . . . . .
26
7 Listed property. Enter amount from fine 26. . . . . . . . . . Ei - Section B-4information Regarding Use Of VehlCNM-ff you deduct expenses for vehicles:
8 partner. or other -more than 5% owner, - or related person.
8 Total elected cost of section 179 property. Add amounts in column (c), fines 6 and 7 . . . * Always complete this Section for vehicles used by a Sole Prwiiotior.
9 Tentative deduction. Enter are smaller of line 5 or line 8 . . . . . . . . . . . . . 9 a 11you provided vehicles to Your enualoYees. first answer the questions in Section C to see ifyou Mad an extatilion to completing this section for those vehicles

10 Carryover of disallowed deduction from 1992 (see instructions) . . . . . . . . . . . 10 (b) 0 1 m

II Taxable income limitation. Enter the smaller of taxable income or line 5 (see instructions) . erucle 2 ehicle, 3 Vehicle 4 eh~le 5 hicle 6
ehicle 1
27 Total businessiawastmerl miles driven d uri ng
12 Section 179 expense deduction. Add Ones 9 and 10. but do not enter mom than line 11 12
T he year (00 NOT include commitift miles)
13 Carryover of disallowed deduction to 1994. Add Ones 9 and 10, less line 12 P- F13T_
28 Total commuting miles driven during the year
Note: Do not use Part H or Part III below for listed prop" (automobiles, certain other vehicles, cellular telephones,
certain computers. or property used for enterfairvinent, recreation, or amusemeno. Instead, use Part V for listed property. 29 Total other personal (noncommutorig)
mile driven . . . . . . . . ..
~P~ AACRS Depreciatim For Assets Placed In Service ONLY During Your 1993 Tax Year (Do Not Include a
ListedPropleirly) 30 Total
' miles driven during the, year.
@*Mcrdh.M (cillauslWdeprecerhon Add li nes 27 through 29. . . . .
es o es o s o s o s o s o
on Classfiftoon of Property teler pladad in 0U.-edefin-esneeft fal - 01 Corwerd- M Merrhod (g) Dedniiliirfiorl doducl-
...I. Period
*N10-see
31 Was the vehicle available for personal
14 General Depreciation System MOM (M Instructions):
use during off-duty hou rs?
a 3-year property
32 Was the vehicle used primarily by a
b 5-year property
more than 5% owner or related permson?
c 7-year property
33 Is another vehicle available for personal
d 10-year property
use? .. . . . . . ... . .
a 15-year property
Section C-Guestions for Employers, Who Provide Vehicles for Use by Their Employees
f 20-year property
Answer these questions to determine if you meet an exception to completing Section B. Note: Section B must always
27. 5 yrs. MM /L
g Residential rental be completed for vehicles used by sole proprietors, partners, or other more than 5% owners or related persons.
prop" 27. 5 yrs. MM /L No

15
It Nonresidential reall
property I I
!

Alternative Depreciation §Mem M (see instructions):

11
I MM
M,

IFF IF- 34 Do you maintain a written policy statement that prohibits all personal use of vehicles, Including commuting,
by your employees? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .

35 Do you maintain a written policy statement that prohibits personal use of vehicles, except commuting by
a Class life S/L
your employees? (See instructions for vehicles used by corporate officers, directors, or I% or more owners.)
b 12-year 12 yrs. S/L
36 Do you treat all use of vehicles by employees as personal use? . . . . . . . . . . . . . . .
c 411-year 40 yrs. 1 1,21. /L
37 Do you provide mom than five vehicles to your employees and retain the information received from your
Other Depreciation (Do Not Include Usted Property) employees concerning the use of the vehicles? . . . . . . . . . . . . . . . . . . . . .

Do you Meet the requirements concerning qualified automobile demonstration use (see instructions)? . .
38
16 GDS and ADS deductions for assets placed in service in tax years beginning before 1993 (see instructions) 16 no I complete Section B for the covered vehicles.
Note: If your answer to 34, 35, 36, 37, or 38 is 'Yes."you need
17 Property subject to section 168M(l) election (aft instructions) . . . . . . . . . . . 17 Amortization
18 ACRS and other depreciation (see instructions) . . . . . . . . . . . . . . . . L-1-8
(1) '. (M m
A hon
M Did..Zmasoon
"'1 Arnonxield Code Alhorr
"__ f.
09M Summary period or
Denchation .1 colic, . Year
ce-ntaq,
19 Usted property. Enter amount from line 25. . . . . . . . . . . . . . . . . . 19 EB Amortization of costs that begins during your 1993 tax year: kwoommMIMM,
20 Total. Add deductions on line 12. lines 14 and 15 in column (g), and lines 16 through 19. Enter here
and on the appropriate lines of your return. (Partnerships and S corporations-see instructions) 20
21 For assets shown above and placed in service during the current year, enter . . . . . . 40
40 Amortization of costs that began before 1993 . . . . . - .
the portion of the basis attributable to Section 263A costs (see instructions) L21
41 Total. Enter here and on "Other Deductions" or "Other Expenses" line of your return . . . 41
For Paperwoft Reduction Act Notice. sent page I of the separate Inatmetions. Cld~ No 12906i,l Forth 4562 11993)
F-4626 Alternative Minimum Tax-Corporations
(Incitliding environmental tax)
OMB No. 1545-0175 F-4626(19M , Page 2

b- Sao separate Instructions.

W Attach to the corporatiorr's tax return.
1093 9
10
Enter the amount from line 8 (alternative minimum taxable income)
Exemption phase-out computation (if line 9 is $310.000 or more, &Idp lines 10a and 10b
. . . . : .
* and
. . enter
Nam Employer klarallication number
-0- on line 1 Oc):
a . Subtract $)' 50,000 from line 9 (if you are completing this line for a member of a
I Taxable income or aoss) before net operating loss deduction. Omportant See instructions it the controlled group of corporations see instructions) if the result is zero or less
corporation is subject to the environmental tax.) . . . . . . enter -0. . . . . . . . ... . . . . ... . . . . . . . . 11081
2 Adjustments,
i-
a Depreciation of tangible property placed in service after 1986 . . . . . . b Multiply line 10a by 25% . . . . . . . . . . . . . . . . .
b Amortization of certified pollution control facilities placed in service after 1986.
c Arratizatroin of mining exploration and development costs paid or incurred aft 1986 . c Exemption. Subtract line 10b from $40,000 (if you are completing this line for a member of a controlled
d Amortization of circulation expenditures paid or incurred after 1986 (personal group of.corporations, see instructions). If the result is zero or less, enter -(). . . . . . . . .
holding companies only) . . . . . . . . . . . . . . . . . . . FM
a Basis adjustments in determining gain or loss from sale of exchange of property . 2e 11 Subtract line 10c from line 9. 11 the result is zero or less. enter -0 . . . . . . . . . . . .
f Long-term contracts entered into after February 28, 1986 . . . . . . . . 2f
... . . . . ...
g Installment sales of certain property . . . . .... . . . . . . . . . 12 Multiply line 11 by 20% . . . . . . . . . . . . . . . . . .
h Merchant marine capital construction funds . . . . . . . . . . . .
I Section 833(b) deduction (Blue Gmss, Blue Shield, and similar type organizations .only)
. . IT 13 Alternative minimum tax foreign tax credit. (See instructions for limitations.) . . . . . . . . .
1 Tax shelter farm activities (personal service corporations only) . . . A
k Passive activities (closely held corporations and personal service corporations only) PO 14 Tentative minimum tax~ Subtract line 13 from line 12 . . . . . . . .. . . .
I Certain loss limitations . . . . . . . . . . . . . . . . . . . FT
m Other adjustments . . . . . . . ; . . . . . . . . . . . . . I 2m I 15 Regular tax liability before all credits except the foreign tax credit and possessions tax credit . . .
n Combine lines 2a through 2m . . . . . . . . . . . . . . . . . . . . . . . .
3 Tax preterenoe items: 16 Alternative minimum tax. Subtract line 15 from line 14. If the result is zero or less, enter -0-. Also
a Depletion .. . . . . . . . . . . . . . . . . .. . . . . . . enter the result on the line provided on the co nition's income tax return (e.g., it you are filing Form
b Tax-exempt interest from private activity bonds issued after August 7. 1986 . 3b 1120 for 1993, enter this amount on line 9a, Schedule J) . . . . . . . . . . . . . . . [-wl
c Charitable contributions . . . . . . . . . . . . . . . . . . . 3c 17 Environmental tax. Subtract $2.000.000 from line 6 (computed without regard to the corporation's
d Intangible drilling costs . . . . . . . . . . . . . . . . . . . environmental tax deduction) and multiply the excess, if any, by 0.12% (.0012). Enter the result hem
a Reserves for losses on bad debts of financial institutions . . . . . . . . and on the line provided on the corporation's income tax return (e.g., if you am filing Form 1120 for
I Accelerated depreciation of real property placed in service before 1987 . . . 1993, enter this amount on line 9b, Schedule J). 11 you are completing this line for a member of a
9 Accelerated depreciation of leased personal property placed in service before controlled group of corporations. see instwctions . . . . . . . . . . . . . . . . . .
1987 (personal holding companies only). . . . . . . . . . . . . . 139 1
th Add lines 3a through 3g . . . . . . . . . . . . ... . . . . . . . . . ... . .
4 Preadjustinent alternative minimum taxable income (AMITI). Combine Imes 1. 2n, and 3h . . . .
'5 Adjusted current earnings (ACE) adjustment-
s Enterthe corporation's ACE from line 10 ofthe worksheet on page 8 ofthe instructions so
b Subtract line 4 from line Sa. " line 4 exceeds line 5a, enter the difference as a
negative number (see instructions for examples) . . . . . . . . . . .
c Multiply line 5b by 75% and enter the result as a positive number . . . . .
d Enter the, excess, if any, of the corporatioWs total increases in AMT1 from prior
year ACE adjustments over its total reductions in AMTJ from prior year ACE
adjustments (see instructions). Note: You mmt enter an amount on line 5d (even
N line 5b is positive) . . . . . . . . . . . . . . . . . . . .
a ACE adjustment:
a If you entered a positive number or zero on line 5b, enter the amount from line Sc on line Se
as a positive amount.
0 If you entered a negative number on line 5b, enter the smaller of line So or line 5d on line Se
as a negative amount.
1
6 Combine lines 4 and Se. If zero or less, stop here (the corporation is not subject to the afternati i
minimum tax) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7 Alternative lax net operating loss deduction (see instructions) . . . . . . . . . . . . .

8 Alternative minimum taxable Income. Subtract line 7 from line 6 . . . . . . . . . . . . I a I

For Papeirwork Reduction Act Notice, see separate Insunrofiene, Cilit. No 129551 F- 4626 (1993)
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Department of the Treasury
Internal Revenue Service
Publication 16 (Rev. 8-96)
Catalog Number 61538P