S Corporation Returns, 1998

S Corporation Returns, 1998 – Statistical Data Included

Susan Wittman

Data for Tax Year 1998 show a continuation in the growth of S corporations that was affected by four legislative acts: the Tax Reform Act of 1986, the Revenue Reconciliation Act of 1990, the Revenue Reconciliation Act of 1993, and the Small Business Job Protection Act of 1996 [1]. The total number of S corporation filings grew by over 5.5 percent to nearly 2.6 million, up from nearly 2.5 million for Tax Year 1997. S corporations continue to be the single largest corporate entity type filing a Form 1120 series U. S. Tax Return for a Corporation, with over 53.4 percent of all corporations filing a Form 1120S (Figure A). The average annual growth since 1986, the year in which the first of four major tax reform acts affected S corporations, is 10.3 percent. Over the same period, all other corporations have experienced an average annual decline of 1.1 percent [2].

[GRAPH OMITTED]

North American Industry Classification System

In 1993, the United States, Canada, and Mexico entered into a trade agreement known as the North American Free Trade Agreement (NAFTA), the goal of which was to eliminate trade barriers and trade tariffs within the continent for the three participants. The desired economic effect of this trade agreement was to reduce costs and thus improve economic efficiency. Each signatory had established government agencies that produced and tracked economic performance and had a system that classified economic data by some industry classification measure. These countries agreed that a consistent and common system was needed to properly measure economic performance and track the impact of NAFTA on each participating country.

The resulting system is known as the North American Industry Classification System (NAICS). This classification system has defined itself as “a comprehensive system covering the entire field of economic activities, producing and nonproducing [3].” The system allows for improved industry comparability among the three participating countries, and additionally is more compatible with the existing two-digit level of the International Standard Industrial Classification (ISIC Rev. 3) of the United Nations. The NAICS system is based on grouping together, in one industry, economic units that have similar production processes; i.e., the system is production-oriented.

The NAICS system has twenty sectors. Each industry within these sectors is grouped by its individual production criterion. While the structure of NAICS does not explicitly reflect a distinction of goods versus services, there are five mostly goods-producing sectors, and the remaining fifteen are service-producing sectors. The Internal Revenue Service and the Statistics of Income Division have based their industry classification systems largely on the NAICS system with some modifications. Statistics of Income publishes corporate data on four levels: division, sector, major, and minor code. Data presented in this article are generally shown by division, the highest level in the classification system, and then by sector, the secondary level. The ten divisions and their sectors are:

* raw materials and energy production, which includes agriculture, forestry, fishing, and hunting, mining, and utilities;

* goods production, which includes construction and manufacturing;

* distribution and transportation of goods, which includes wholesale trade, retail trade, and transportation and warehousing;

* information;

* finance, insurance, real estate, and rental and leasing;

* professional and business services, which includes professional, scientific, and technical services, management companies and enterprises, and administrative and support, and waste management and remediation services;

* education, health and social services, which includes education and health and social assistance;

* leisure, accommodation, and food service, which includes arts, entertainment, and recreation, and accommodation and food services;

* other services;

* nature of business not allocable.

For information on lower-level groupings (major groups and minor industries), see Internal Revenue Service, Statistics of Income–Corporation Source Book, Publication 1053.

The prior industry classification system was known as the Standard Industrial Classification system, and was developed in the late 1930’s by the United States. Over the course of the twentieth century, the American economy underwent a significant shift from a goods-producing economy to a service-producing one. As the economy shifted, new industries emerged. An industry classification system overhaul was needed to account for shifts in the economy. NAICS was designed to accommodate these shifts.

S corporation data for Tax Year 1998 are being classified and presented for the first time under this NAICS-based industry classification system. The new industry classifications allow for greater detail and the presentation of recently emerged industries, such as in the Information division, which was not distinguished in prior years. At the same time, the new industry classifications do present a problem for longitudinal analysis by industry. Therefore, industry data presented cannot readily be compared to prior years, and such comparisons will not be attempted in this article as the foundations of the classification system have dramatically changed under this new system. For example, in Tax Year 1997, three industrial divisions (services; wholesale and retail trade; and finance, insurance, and real estate) accounted for nearly three-quarters of all S corporations. For Tax Year 1998, the top three industrial divisions (distribution and transportation of goods; professional and business services; and goods production) account for less than 59 percent of all S corporations.

S Corporation Basics

An S corporation is an incorporated entity that retains the main attributes of the traditional C corporation, such as limited liability, freely transferable ownership, and unlimited life span, but, in exchange for certain limitations, receives the benefits of a flow-through entity for income tax purposes. The election to be treated as an S corporation allows income and expenses to pass through the corporate structure to its shareholders, and any resulting tax liability is the responsibility of the shareholders. This benefit eliminates the double taxation on the corporation’s net income or capital gains. This is unlike a taxable corporation which incurs a tax liability at the corporate level on its net income and capital gains, and then again, when profits are distributed to shareholders in the form of dividends, a second tax liability is incurred on those dividends. The elimination of double taxation can result in substantial tax savings for a corporation that is eligible to make a Subchapter S election. The tax benefits of an S election are valuable for profitable corporations as well as corporations that report net losses, as the losses flow through to the individual shareholders and can potentially offset net income from other sources.

To elect treatment under Subchapter S, an eligible corporation must meet all criteria for an election and file Form 2553, Election by a Small Business Corporation, with the IRS Submission Processing Center where the corporation files its Federal tax forms. All qualified shareholders of the corporation must consent to the election on Form 2553, and all eligibility requirements must be met prior to the election [4]. The criteria for Tax Year 1998 were that the corporation:

* be a domestic corporation (an unincorporated association, that is treated as a corporation under Code Section 7701, may elect treatment as an S corporation);

* have no more than 75 shareholders (a husband and wife (and their estates) are counted as one shareholder for this requirement);

* have only individuals, estates, certain trusts, and exempt organizations as shareholders [5];

* have no nonresident alien shareholders; and have only one class of stock.

Ineligible corporations were:

* affiliated group members eligible for inclusion on a consolidated return;

* insurance companies subject to provisions of Subchapter L of the Internal Revenue Code;

* Interest-Charge Domestic International Sales Corporations (IC-DISC’s) or former Domestic International Sales Corporations (DISC’s);

* corporations eligible to elect the possessions tax credit; and

* banks or thrift institutions that use the reserve method of accounting for bad debts under Internal Revenue Code section 585.

Form 1120S, U.S. Tax Return for an S Corporation, must be filed before the 15th day of the 3rd month following the close of the tax year. The tax year for an S corporation generally must be a calendar year. While provisions exist for an exemption from the calendar year rule, for Tax Year 1998, over 90.0 percent of all S corporations filed a calendar year return [6].

Comparisons of Pass-Through Entities

Over the past few years, S corporations have been compared to other pass-through entity choices by tax professionals to determine which pass-through entity choice provides the most benefit. The focus of this debate has centered on the S corporation election or the limited liability company (LLC). The limited liability company is a hybrid entity combining partnership and corporate characteristics and has advantages over the S corporation election, as there is no limit on the number of owners, and it allows corporate or foreign ownership. Conversely, S corporations are limited to a maximum of 75 shareholders that must be individuals, estates, certain trusts, or exempt organizations but cannot have a nonresident alien shareholder. Additionally, an eligible corporation must be domestic and may have only one class of stock. Despite the advantages of the LLC entity classification, LLC’s are generally subject to provisions under subchapter K of the Internal Revenue Code that govern partnerships. This subchapter of the Code is considered by many tax professionals to be complex. Subchapter S of the Internal Revenue Code, however, generally governs S corporations. The simplicity of subchapter S is considered by many to be an advantage for the small business owner who wants the liability protection of a corporation coupled with one level of tax, as a pass-through entity, without the cumbersome provisions of subchapter K. Shareholders of S corporations may also benefit from lower employment taxes. Wages they receive from the firm are subject to FICA taxes, but profits are generally not subject to self-employment taxes. Active members of unincorporated entities, like LLC’s, can be liable for these taxes on their pass-through income, however.

Some tax professionals have speculated that, as a pass-through entity choice, S corporation elections will decline in popularity. This speculation is not supported by the data as S corporation return filings continued to increase for Tax Year 1998. More than 310.2 thousand corporations elected subchapter S status for the first time during Tax Year 1998, which includes over 241.2 thousand newly incorporated businesses electing subchapter S treatment out of a total population of nearly 2.6 million. The remaining 68.9 thousand corporations were added to the S corporation population as taxable corporations converted to S corporation status during Tax Year 1998. These statistics are comparable with those for Tax Year 1997 when nearly 2.5 million returns were filed, including 320.8 thousand corporations that elected subchapter S status for the first time in 1997. Of this group, nearly 227.4 thousand newly incorporated businesses elected S corporation status for the first time, and 93.4 thousand converted from taxable corporations to S corporation status. Overall, these statistics show continued increases in the number of businesses electing S corporation status, even though there is a slight decline in the rate of growth from Tax Year 1997 compared with Tax Year 1998.

As further evidence of the continued popularity of S corporations as an entity choice, they now comprise 53.4 percent of all Form 1120 series returns filed for Tax Year 1998, up from 52.1 percent for Tax Year 1997. Thus, they continue to be the single most popular corporate entity choice of the Form 1120 series returns.

As previously reported in the Statistics of Income Bulletin, there were nearly 1.9 million partnership returns filed for Tax Year 1998 [7]. Included in this figure are 470.7 thousand limited liability company returns, which is an increase of more than 34.8 percent over Tax Year 1997. While the increase in filings of these returns continues, there is a decline in the rate of growth as shown in Figure B. The increase in the number of partnership filings is attributed to limited liability companies as well as limited partnerships. While these two entity choices have experienced increases, general partnerships have been on the decline [8]. These statistics do not include limited liability companies that have filed a Form 1120 or that file as a sole proprietorship a Form 1040 Schedule C.

Figure B

Limited Liability Companies Filing on Form 1065 and Form

1065B for Tax Years 1993-1998

[All figures are estimates based on samples]

Total Total Total Total Percent

number part- number limited of limited

Tax of part- nership of liability liability

year nership percent limited companies companies

returns change liability percent to total

from companies change

prior from

year prior

year

(1) (2) (3) (4) (5)

1993 1,467,567 — 17,335 — 1.2

1994 1,493,963 1.8 47,816 175.8 3.2

1995 1,580,900 5.8 118,559 147.9 7.5

1996 1,654,256 4.6 221,498 86.8 13.4

1997 1,758,627 6.3 349,054 57.6 19.8

1998 1,855,348 5.5 470,657 34.8 25.4

NOTE: Includes Limited Liability Companies filing on Form 1065,

U.S. Partnership Return of Income and Form 10656 U.S. Return

of Income for Electing Large Partnerships.

The statistics on S corporation elections and partnership filings do not yet indicate a dramatic shift away from subchapter S elections to other pass-through entity choices.

Subsidiaries

Tax Year 1998 was the second year that S corporations were allowed to own 100 percent of the stock of an eligible S corporation and elect to treat the subsidiary owned as a “qualified subchapter S subsidiary” or QSUB [9]. Tax Year 1997 was the first year statistics were published on such data and just over 1,900 S corporations reported a QSUB election for eligible subsidiaries. These corporations also reported total assets of $53.7 billion and total net income (less deficit) of $2.5 billion. For Tax Year 1998, nearly 3,100 S corporations reported such an election, a 61.7-percent increase over the prior period. Total assets reported by these S corporations were $109.3 billion, and total net income (less deficit) was $5.6 billion for Tax Year 1998. Many of the S corporations that made an election to treat a subsidiary as a qualified subsidiary made the election for multiple subsidiaries owned. Figure C shows the number of S corporations reporting a QSUB election, total assets, and total net income (less deficit) by industrial division for Tax Year 1998.

Figure C

S Corporation Filings with Qualified Subchapter S Subsidiaries,

by Industrial Division, Tax Year 1998

[All figures are estimates based on samples–money amounts are

in thousands of dollars]

Number of Total Total net income

Industrial division returns assets (less deficit)

(1) (2) (3)

All industries 3,073 109,282,651 5,624,562

Raw materials and

energy production 91 3,514,770 67,255

Goods production 528 24,893,864 2,005,525

Distribution and

transportation

of goods 821 13,591,363 851,969

Information 288 5,516,123 551,601

Finance, insurance,

real estate, and

rental and leasing 283 22,278,130 1,049,089

Professional and

business services 823 36,860,754 846,695

Education, health, and

social assistance 25 385,110 8,489

Leisure, accommodation,

and food services 163 1,934,455 243,939

Other services (*)51 (*)308,082 (*)15,504

(*) Estimate should be used with caution because of

the small number of returns on which it is based.

NOTE: Detail may not add to totals because of rounding.

Financial Data Highlights

Figure D displays total net income (less deficit) for each industrial sector. Total net income (less deficit) for S corporations includes net income (less deficit) from trade or business, real estate rental income (less deficit), net income (less deficit) from other rental activity, and portfolio income (less loss) distributed to shareholders [10].

Figure D

S Corporations: Total Net Income (Less Deficit), by Industrial

Sector, Tax Year 1998

[All figures are estimates based on samples–money amounts are

in thousands of dollars]

Agriculture,

Item All forestry, Mining

Industries fishing,

and hunting

(1) (2) (3)

Total net income 181,788,303 1,034,457 2,416,272

(less deficit)

Net income (less

deficit) from a

trade or business 124,859,425 297,381 1,167,921

Portfolio income (less

deficit) distributed

to shareholders 51,465,087 556,411 1,231,779

Dividend income 1,612,865 26,011 71,014

Interest income 10,629,968 249,430 202,279

Royalty income 619,003 25,284 90,850

Net short-term capital

gain (less loss) 507,233 -5,654 1,764

Net long-term capital

gain (less loss) 37,953,826 253,487 864,972

Other portfolio

income (net) 142,192 7,852 900

Real estate rental net

income (less deficit) 4,546,215 157,285 11,305

Net income (less deficit)

from other rental

activity 917,576 23,380 5,267

Item Utilities Construction Manufacturing

(4) (5) (6)

Total net income 513,875 21,257,116 35,567,911

(less deficit)

Net income (less

deficit) from a

trade or business 102,254 18,136,701 27,556,943

Portfolio income (less

deficit) distributed

to shareholders 412,250 2,915,819 7,799,415

Dividend income 869 121,778 183,232

Interest income 52,645 1,267,598 1,349,308

Royalty income — 5,758 68,151

Net short-term capital

gain (less loss) -192 49,328 -11,260

Net long-term capital

gain (less loss) 358,929 1,463,443 6,207,247

Other portfolio

income (net) — 7,913 2,737

Real estate rental net

income (less deficit) (*)-786 175,529 137,236

Net income (less deficit)

from other rental

activity (*)157 29,067 74,317

Item Wholesale Wholesale Retail

and retail trade trade

trade

(7) (8) (9)

Total net income

(less deficit) 36,203,962 20,283,199 17,905,559

Net income (less

deficit) from a

trade or business 29,540,808 15,984,289 13,546,101

Portfolio income (less

deficit) distributed

to shareholders 8,163,305 4,064,069 4,095,128

Dividend income 213,780 112,682 101,065

Interest income 1,930,422 902,220 1,024,559

Royalty income 134,616 86,968 47,649

Net short-term capital

gain (less loss) 23,495 -2,447 25,801

Net long-term capital

gain (less loss) 5,851,870 2,958,359 2,893,221

Other portfolio

income (net) 9,121 6,287 2,834

Real estate rental net

income (less deficit) 357,099 159,513 196,838

Net income (less deficit)

from other rental

activity 142,750 75,329 67,491

Wholesale

Item and retail Transpor- Information

trade not tation and

allocable warehousing

(10) (11) (12)

Total net income

(less deficit) 15,204 3,562,340 5,465,193

Net income (less

deficit) from a

trade or business 10,418 3,018,368 2,774,160

Portfolio income (less

deficit) distributed

to shareholders 4,108 457,268 2,628,957

Dividend income 34 25,851 65,654

Interest income 3,643 214,523 340,512

Royalty income — 719 15,872

Net short-term capital

gain (less loss (*)142 19,957 -49,504

Net long-term capital

gain (less loss) 290 194,812 2,248,352

Other portfolio

income (net) — 1,407 8,071

Real estate rental net

income (less deficit) (*)748 45,021 53,534

Net income (less deficit)

from other rental

activity -70 41,683 8,542

Real estate Professional,

Item Finance and rental scientific,

and and and technical

insurance leasing services

(13) (14) (15)

Total net income

(less deficit) 11,856,976 15,161,193 20,294,093

Net income (less

deficit) from a

trade or business 5,841,795 4,001,462 14,635,028

Portfolio income (less

deficit) distributed

to shareholders 6,003,496 7,252,391 5,598,455

Dividend income 296,915 182,528 134,996

Interest income 1,414,139 1,390,014 745,118

Royalty income 7,512 59,055 45,320

Net short-term capital

gain (less loss) 455,884 74,545 49,918

Net long-term capital

gain (less loss) 3,781,797 5,513,194 4,622,145

Other portfolio

income (net) 47,248 33,056 958

Real estate rental net

income (less deficit) 5,903 3,369,296 64,142

Net income (less deficit)

from other rental

activity 5,782 538,044 -3,532

Adminis-

trative

and support

Item Management and waste Educational

of management services

companies and remedia-

tion

services

(16) (17) (18)

Total net income

(less deficit) 2,685,133 8,138,659 666,602

Net income (less

deficit) from a

trade or business 1,420,103 4,130,880 556,059

Portfolio income (less

deficit) distributed

to shareholders 1,285,734 3,993,383 107,522

Dividend income 186,578 15,913 2,958

Interest income 329,809 285,422 44,707

Royalty income 1,880 (*)36,335 (*)4,075

Net short-term capital

gain (less loss) -64,268 -21,074 -89

Net long-term capital

gain (less loss) 829,872 3,676,786 55,872

Other portfolio

income (net) 1,863 1 —

Real estate rental net

income (less deficit) -20,087 6,954 2,909

Net income (less deficit)

from other rental

activity -617 7,442 111

Health care Arts, Accommo-

Item and social entertain- dation and

assistance ment, and food

recreation services

(19) (20) (21)

Total net income

(less deficit) 5,988,278 1,860,136 3,624,885

Net income (less

deficit) from a

trade or business 5,418,254 1,058,824 2,811,441

Portfolio income (less

deficit) distributed

to shareholders 540,551 756,172 716,127

Dividend income 15,959 20,395 28,536

Interest income 179,858 167,345 350,075

Royalty income — 116,933 844

Net short-term capital

gain (less loss) -10,360 -6,696 4,067

Net long-term capital

gain (less loss) 355,092 442,692 330,689

Other portfolio

income (net) (*)2 15,503 (*)1,916

Real estate rental net

income (less deficit) 25,454 34,144 71,257

Net income (less deficit)

from other rental

activity 4,019 10,996 26,060

Nature of

Item Other business

services not allocable

(22) (23)

Total net income

(less deficit) 3,733,930 -242,709

Net income (less

deficit) from a

trade or business 2,755,706 -364,662

Portfolio income (less

deficit) distributed

to shareholders 926,889 119,165

Dividend income 18,140 (*)1,758

Interest income 114,427 2,341

Royalty income (*)5,799 —

Net short-term capital

gain (less loss) -2,202 -427

Net long-term capital

gain (less loss) 787,083 (*)115,493

Other portfolio

income (net) (*)3,641 —

Real estate rental net

income (less deficit) 47,229 (*)2,789

Net income (less deficit)

from other rental

activity 4,107 —

(*) Estimate should be used with caution because of the small

number of sample returns on which it is based.

NOTE: Detail may not acid to totals because of rounding.

Table 1 presents data for all S corporations and then groups the data by industry divisions and by industry sectors. Total net income (less deficit) increased to $181.8 billion for Tax Year 1998, an 18.8-percent increase over the $153.1 billion reported for Tax Year 1997. Net income (less deficit) from a trade or business comprises the single largest component of total net income (less deficit). Despite the reported increase for this item, this component of total net income (less deficit) declined slightly as it accounted for 68.7 percent of total net income (less deficit), as compared to Tax Year 1997 when it accounted for 73.0 percent of total net income (less deficit). The slight decline as a percentage of total net income (less deficit) is due to an increase in portfolio income (less deficit). Portfolio income (less deficit) consists of dividend income, interest income, royalty income, net short-term capital gain (less loss), net long-term capital gain (less loss), and other portfolio income (less loss). These items increased by 39.9 percent for Tax Year 1998. The Taxpayer Relief Act of 1997 reduced the tax rates on net long-term capital gains, and the impact of those lower rates can be seen in the increases reported for net long-term capital gains (less loss) [11]. For Tax Year 1997, S corporations reported net long-term capital gain (less loss) totaling $23.5 billion, an increase of 43.4 percent over the prior year. For Tax Year 1998, net long-term gain (less loss) was nearly $38.0 billion, an increase of 61.5 percent over Tax Year 1997.

Four industrial divisions earned over 86 percent of total net income (less deficit) for Tax Year 1998. Goods production, which includes construction and manufacturing, reported total net income (less deficit) of $56.8 billion. Distribution and transportation of goods, which includes wholesale and retail trade and transportation and warehousing, reported $41.8 billion; professional and business services reported $31.1 billion, and finance, insurance, real estate, and rental and leasing reported $27.0 billion.

Table 2 presents data for S corporations that reported positive total net income, by industrial division and industrial sector. These corporations reported an increase in positive total net income for Tax Year 1998 of nearly $31.9 billion, a 16.6-percent increase over Tax Year 1997. Thus, 64.5 percent of all S corporations reported positive total net income as compared to 63.4 percent for Tax Year 1997. Net income (less deficit) from a trade or business was $166.8 billion, up 10.3 percent from Tax Year 1997 when $151.3 billion were reported. Portfolio income (less loss) was up 43.0 percent, largely due to increases in the net long-term capital gain (less loss).

S corporations reported an increase in total assets of 11.3 percent to nearly $1.5 trillion for Tax Year 1998 (Table 3). The two largest categories are net depreciable assets, which accounted for 23.4 percent of total assets, and notes and accounts receivable, which accounted for 21.4 percent of the total for all S corporations. Overall, asset categories with the largest percentage increase were investments in government obligations, which had a 49.8-percent increase to $26.5 billion; tax-exempt securities, which reported a 36.9-percent increase to $8.1 billion, and other investments, which reported a 24.8-percent increase to $138.3 billion. More than 85 percent of the total assets were held in four industrial divisions (Figure E). Goods production held 28.1 percent, being the largest percentage of total assets, with $408.3 billion. Distribution and transportation of goods held 26.8 percent of total assets, with $389.7 billion. Finance, insurance, real estate, and rental and leasing held a total of $267.9 billion. The fourth largest industrial division by size of total assets for Tax Year 1998 is professional and business services, which held $171.4 billion in total assets.

Figure E

S Corporation Total Assets, by Industrial Division, Tax Year 1998

Goods production 28%

Distribution and

transportation of goods 27%

Finance, insurance, real

estate, and rental and

leasing 18%

Professional and business

services 12%

All other(1) 15%

(1) All other includes raw materials and energy production;

information; education, health, and social assistance;

leisure, accommodation, and food services; other services;

and nature of business not allocable.

Note: Table made from a pie chart.

Rental Real Estate Net Income

Data on rental real estate net income as reported on Form 8825, Rental Real Estate Income and Expenses of a Partnership or an S Corporation, is shown in Table 4. The number of S corporation returns reporting Rental Real Estate Income on Form 8825 increased by more than 8.1 percent to over 222.1 thousand and reported net rental real estate income (less deficit) of $4.5 billion for Tax Year 1998, an increase of 18.0 percent. Despite the advent of a new industry classification system, NAICS, the sector for real estate and rental and leasing continues to dominate these figures. The real estate group reported 73.2 percent of net rental income (less deficit) for all S corporations. This same group also represented over 71.5 percent of all returns reporting income on Form 8825. Other activities related to rental real estate and reported on this form are net gain from sales of business property, which reported a 23.8-percent increase to $109.0 million. This increase was due not only to an increase in gains but also from a decrease in the losses reported by the sales of business property as well. Losses for Tax Year 1997 were $5.5 million, while losses reported for Tax Year 1998 were $4.8 million. Net income (less deficit) from partnerships and fiduciaries reported a slight decline to $490 million from $512 million between Tax Years 1997 and 1998.

Data by Number of Shareholders

S corporations continue to be owned by 10 or fewer shareholders despite changes in the Tax Code to ease restrictions on the limitation to the number of shareholders [12]. Nearly all (99.0 percent) S corporations reported having 10 or fewer shareholders (Table 5). S corporations reporting more than 10 shareholders and fewer than 31 shareholders decreased from 20,369 in Tax Year 1997 to 18,000 in Tax Year 1998, yet S corporations with more than 30 shareholders increased from over 1,200 to nearly 1,400 (or 10.5 percent). Nearly all new S corporations (99.9 percent) reported 10 or fewer shareholders. For Tax Year 1998, there were 715 S corporations with more than 35 shareholders, which had 34,319 shareholders. This is up from Tax Year 1997 when 600 corporations with more than 35 shareholders had nearly 25,751 shareholders.

Taxes

While most S corporations generally do not pay income tax, less than half of 1 percent reported some Federal income tax liability for Tax Year 1998, and the number of S corporations reporting such a liability is growing. An S corporation can, generally, be subject to just four types of Federal income tax. The most common tax reported by S corporations is the “built-in gains” tax. Over 82.0 percent, or $393 million, of all Federal income tax reported by S corporations for Tax Year 1998 was from the built-in gains tax. The reported tax liability for this item increased by 107.0 percent over Tax Year 1997 (Figure F). The built-in gains tax can only apply to an S corporation that has not had a valid S election in place since inception. S corporations that are potentially liable for this tax are those that made an S election after 1986 and realized a gain on the sale of an asset held at the time of that election within 10 years from the first day of the S corporation’s election. The gain that results in a tax liability is built in to the extent of the appreciation of the asset that occurred while the corporation was subject to the rules of a taxable corporation [13].

Figure F

S Corporation Taxes, Tax Years 1997 and 1998

[All figures are estimates based on samples–money amounts are in

thousands of dollars]

Percent

Items 1997 1998 change

(1) (2) (3)

Total tax 256,352 479,411 87.0

Built-in gains tax 190,016 393,322 107.0

Excess net passive income tax 16,494 17,466 5.9

Adjustments to tax 46,393 66,594 43.5

Investment credit recapture tax (*)1,042 (*)755 (*)-27.5

Income tax adjustment (*)2,407 (*)1,275 (*)-47.0

(*) Estimate should be used with caution because of the small number of

sample returns on which it is based.

Other taxes that can result in a Federal income tax liability for an S corporation are the excess net passive income tax, the LIFO recapture tax (included in “Adjustments to tax” in Figure E), and the recapture of prior year’s investment credit. All of these apply only to corporations that had operated as taxable corporations before their S elections. The excess net passive income tax is imposed on S corporations that were previously taxable corporations and that have subchapter C earnings and profits if their passive investment income exceeds 25 percent of gross receipts [14]. The last-in, first-out, or LIFO recapture tax, applies to corporations that switched from C to S status after December 17, 1987, and that had valued their inventory assets using LIFO. Upon conversion, these corporations are required to include in gross income a LIFO recapture amount, which is the amount of inventory valued under the first-in, first-out (FIFO) method that exceeds the inventory valued under LIFO. Similarly, if inventory is transferred in a tax-free reorganization from a taxable C corporation to an S corporation, there must be a LIFO recapture adjustment made to gross income. Finally, an S corporation can be liable for recapture attributable to credits allowed in years before the corporation was an S corporation.

Figure E shows tax liability reported by S corporations for Tax Years 1997 and 1998. The adjustments to tax include Section 1363(d) LIFO recapture taxes and interest due from Form 8697, Interest Computation under Look-Back Method for Completed Long-Term Contracts. The income tax adjustment includes Section 1291 (c)(2) deferred tax of a shareholder in a passive foreign investment company.

Largely due to the “built-in gains” tax, S corporations reported an increase in total tax liability of 87.0 percent to $479.4 million for Tax Year 1998. Total net income (less deficit) reported by all S corporations for Tax Year 1998 was $181.8 billion, and total tax liability was $479.4 million. Tax liability was reported by more than 10,400 S corporations for Tax Year 1998, an increase of more than 2,500 over Tax Year 1997. While total tax liability has increased, there remain fewer than half of 1 percent (0.40 percent) of all S corporations reporting a Federal income tax liability.

Conclusion

S corporations continued on a trend of steady growth as the number of filings increased to nearly 2.6 million. S corporations also continued to be the single most popular corporate entity filing the Form 1120 series as 53.4 percent of all corporate returns were S corporations. Total net income (less deficit) increased by 18.8 percent to $181.8 billion for Tax Year 1998. Net income (less deficit) from a trade or business is the largest component of total net income (less deficit) as it accounted for 68.7 percent of the total, or $124.9 billion. Portfolio income (less loss) increased by nearly 40 percent to $51.5 billion, most of this increase due to net long-term capital gains, which grew to nearly $38.0 billion for Tax Year 1998. Included in total net income (less deficit) is rental real estate net income (less deficit), which was reported at $4.5 billion, an increase of 18.0 percent. The number of returns filing this type of income was up by more than 8.1 percent, or 222.2 thousand S corporations. Total assets reported by S corporations amounted to nearly $1.5 trillion, with four industrial divisions holding more than 85 percent of total assets reported. Data reported for Tax Year 1998 are being classified for the first time using the newly adopted NAICS industry classification system. Longitudinal comparisons by industry are impeded due to this new system.

Tax professionals have compared S corporations to other pass-through entity types, and several have speculated that the LLC would take over as the dominant pass-through entity choice. Data provided thus far do not support this claim. Nearly all (99.0 percent) S corporations reported 10 or fewer shareholders despite changes in the tax law that lessened restrictions on the limitations imposed. New S corporations were even more likely to have 10 or fewer shareholders, as 99.9 percent of all new S corporations reported as such. Despite increases in the number of returns reporting a Federal tax liability, as in prior years, less than half of 1 percent of all S corporations reported such a liability. The most common tax liability reported is the built-in gains tax, which increased by 107.0 percent over Tax Year 1997.

Data Sources and Limitations

The statistics for Tax Year 1998 are based on a sample of S corporation income tax returns with accounting periods ending July 1998 through June 1999 that posted to the Internal Revenue Service Business Master File between July 1998 and the end of June 2000.

The estimates in this article were based on a stratified probability sample of 41,434 S corporation returns drawn from a total population of 2,716,507 returns. The stratification was based on combinations of total assets and ordinary income. Sample rates ranged from 0.25 percent to 100 percent. The sample was selected after administrative processing, but before audit examination. The selected sample included 40,532 active S corporation returns. Based on this count, the number of active S corporations for Tax Year 1998 was estimated to be 2,588,088.

Because the estimates are based on a sample, they are subject to sampling error. Coefficients of variation (CV’s) are used to measure the magnitude of this sampling error. The CV is defined in the section on sampling variability in the “SOI Sampling Methodology and Data Limitations” appendix of this publication. Figure G presents the coefficients of variation for S corporations for selected variables by industrial division. The smaller the coefficient of variation, the more reliable the estimate is judged to be.

Figure G

Coefficients of Variation for Number of Returns, Number of

Shareholders, Total Receipts, Dividends, and Interest, by Industrial

Division, Tax Year 1998

Industrial division Number of Number of Total

returns shareholders receipts

(1) (2) (3)

Percentages

All Industries(1) 0.25 0.80 0.68

Raw materials and energy

production 4.38 5.81 4.21

Goods production 1.71 2.22 0.99

Distribution and

transportation of goods 1.58 2.02 1.25

Information 7.02 8.21 5.30

Finance, insurance, real

estate, and rental and

leasing 1.73 2.68 4.38

Professional and business

services 1.94 2.36 2.81

Education, health, and social

assistance 3.94 6.18 5.54

Leisure, accommodation, and

food services 2.71 3.59 2.55

Other services 3.92 4.72 4.48

Industrial division Dividend Interest

income income

(4) (5)

Percentages

All Industries(1) 3.89 1.84

Raw materials and energy

production 6.66 4.49

Goods production 4.20 1.95

Distribution and

transportation of goods 9.25 3.02

Information 12.07 5.29

Finance, insurance, real

estate, and rental and

leasing 9.59 5.35

Professional and business

services 9.53 6.42

Education, health, and social

assistance 20.46 11.52

Leisure, accommodation, and

food services 12.38 5.45

Other services 12.79 9.48

(1) Includes returns not allocable by industrial division.

Notes and References

[1] For detailed information on the impact of these legislative acts on S corporations, see the following articles: For more information on the impact of the Tax Reform Act of 1986 on S corporations, see Gill, Amy, “S Corporation Returns, 1992,” Statistics of Income Bulletin, Spring 1995, Volume 14, Number 4; Gill, Amy and Wittman, Susan, “S Corporation Election After the Tax Reform Act of 1986,” Statistics of Income Bulletin, Spring 1998, Volume 17, Number 4. For more information on the impact of the Revenue Reconciliation Act of 1993, see Wittman, Susan, “S Corporation Returns, 1994,” Statistics of Income Bulletin, Spring 1997, Volume 16, Number 4. For more information on the impact of the Small Business Job Protection Act of 1996, see Wittman, Susan, “S Corporation Returns, 1997,” Statistics of Income Bulletin, Spring 2000, Volume 19, Number 4.

[2] For purposes of this article, taxable corporation return types include Form 1120, Form 1120-A, Form 1120F, Form 1120L, and Form 1120-PC. Form 1120-REIT and Form 1120-RIC, while not taxable corporations, are included in the statistics along with all other corporations. Limited liability companies that choose to be taxed as a corporation can file Form 1120; however, only an “LLC” designation in the name can identify such entities as the form is not designed to clearly identify these unincorporated associations. The number of returns with an “LLC” designation in the Statistics of Income corporate file is unpublished and small.

[3] North American Industry Classification System United States, 1997, Executive Office of the President, Office of Management and Budget.

[4] Provisions exist to allow for late-filed election to be considered as timely made. See Revenue Procedure 97-40 for extended filings. For further detail on filing an S election, see Internal Revenue Service, Internal Revenue Code, Subchapter S [Section 1362(a), (b)].

[5] Eligible trusts are defined in the Internal Revenue Code 1361(c)(2)(A); eligible trusts include those that are treated as owned by an individual who is a citizen or resident of the United States. Eligible exempt organizations are defined in Internal Revenue Code 401(a); these organizations include qualified pension plans, profit-sharing plans, and stock bonus plans, or eligible exempt organizations defined in Internal Revenue Code 501(c)(3), which includes certain tax-exempted organizations.

[6] S corporations may elect another tax year if a business purpose can be established to the satisfaction of the Internal Revenue Service, or they may use an alternate tax year but make “required payments” to the Internal Revenue Service per Code section 1378.

[7] For more information on partnerships, see Zempel, Alan, “Partnership Returns, 1998,” Statistics of Income Bulletin, Fall 2000, Volume 20, Number 2.

[8] For more information on partnerships, limited liability companies, and general partnerships, see Zempel, Alan, “Partnership Returns, 1998,” Statistics of Income Bulletin, Fall 2000, Volume 20, Number 2.

[9] For more information on the impact of the Small Business Job Protection Act of 1996, see Wittman, Susan, “S Corporation Returns, 1997,” Statistics of Income Bulletin, Spring 2000, Volume 19, Number 4.

[10] Total net income (less deficit) as specified here includes the following income items: net income (less deficit) from trade or business, real estate rental income (less deficit), net income (less deficit) from other rental activity, and portfolio income (less loss) distributed to shareholders. On Form 1120S, there are some deduction items to be drawn against the income items listed above, as well as the reduction in income reported due to the built-in gains tax. After these deductions and adjustments are made, total net income (less deficit) is $169.8 billion.

[11] Ibid. (see [9])

[12] Ibid. (see [9])

[13] For further detail, see Internal Revenue Service, Internal Revenue Code, Subchapter S, Section 1374. Also see Gill, Amy, “S Corporation Returns, 1992,” Statistics of Income Bulletin, Spring 1995, Volume 14, Number 4.

[14] “Passive investment income” means gross receipts derived from royalties, rents, dividends, interest (excluding interest on installment sales of inventory to customers and income of certain lending and financing businesses), annuities, and sales or exchanges of stock or securities to the extent of any gains. “Excess net passive income” is the amount that bears the same ratio to net passive income as the amount of passive investment income that exceeds 25 percent of gross receipts bears to passive investment income.

Table 1.–S Corporations: Total Income and Deductions, Portfolio

Income, Rental Income and Total Net Income, by Industrial Division,

Sector, and Major Group

[All figures are estimates based on samples–money amounts are in

thousands of dollars]

Raw

materials

and energy

production

All

Item industries Total

(1) (2)

Number of returns 2,588,088 87,021

Number of shareholders 4,839,618 217,758

Income and deductions from a

trade or business:

Total receipts(1) 3,061,133,169 66,762,681

Business receipts 3,004,118,934 61,579,629

Interest on Government

obligations:

State and local 989,514 36,218

Net gain, noncapital 7,072,292 582,378

assets

Other receipts 48,952,430 4,564,456

Total deductions 2,935,284,231 65,158,906

Cost of goods sold 1,933,927,048 34,546,825

Compensation of officers 118,740,561 1,524,380

Salaries and wages 304,673,213 5,057,703

Repairs 18,852,368 1,485,803

Bad debts 6,287,840 83,495

Rent paid on business 68,307,705 1,930,744

property

Taxes paid 62,621,621 1,566,311

Interest paid 37,153,707 1,597,470

Amortization 3,659,561 142,729

Depreciation 51,485,900 3,161,226

Depletion 495,092 287,659

Advertising 29,455,958 220,120

Pension, profit-sharing,

stock bonus, and

annuity plans 10,704,288 125,551

Employee benefit programs 22,010,877 441,061

Net loss, noncapital assets 641,708 36,901

Other deductions 266,266,785 12,950,928

Total receipts less total 125,848,938 1,603,774

deductions

Net income (less deficit)

from a trade or

business 124,859,425 1,567,556

Net income 171,096,577 4,731,549

Deficit 46,237,152 3,163,993

Portfolio income (less deficit)

distributed to

shareholders 51,465,087 2,200,440

Dividend income 1,612,865 97,894

Interest income 10,629,968 504,354

Royalty income 619,003 116,134

Net short-term capital gain

(less loss) 507,233 -4,082

Net long-term capital gain

(less loss) 37,953,826 1,477,388

Other portfolio income 142,192 8,752

(net)

Real estate rental net income

(less deficit) 4,546,215 167,804

Net income 6,673,561 188,929

Deficit 2,127,346 21,126

Net income (less deficit)

from other rental

activity 917,576 28,804

Net income 1,246,257 32,872

Deficit 328,681 4,069

Total net income (less deficit) 181,788,303 3,964,603

Net income 223,972,910 6,851,195

Deficit 42,184,607 2,886,592

Raw materials and energy production

Agriculture, forestry, fishing,

and hunting

Agri- Forestry

Item Total culture and

production logging

(3) (4) (5)

Number of returns 69,418 44,943 7,559

Number of shareholders 173,271 118,188 18,201

Income and deductions from a

trade or business:

Total receipts(1) 48,369,315 30,590,979 5,643,933

Business receipts 44,385,790 27,039,066 5,589,872

Interest on Government

obligations:

State and local 18,950 16,495 (*)1,683

Net gain, noncapital 262,262 211,195 6,519

assets

Other receipts 3,702,313 3,324,223 45,860

Total deductions 48,052,984 30,739,826 5,627,344

Cost of goods sold 25,146,324 14,404,021 3,385,296

Compensation of officers 1,016,483 536,082 155,284

Salaries and wages 3,909,015 2,563,363 383,631

Repairs 1,223,875 760,185 158,865

Bad debts 48,852 34,932 7,574

Rent paid on business 1,564,797 1,308,754 53,133

property

Taxes paid 944,203 639,286 106,420

Interest paid 1,061,877 773,820 121,799

Amortization 74,856 59,312 2,390

Depreciation 2,138,434 1,442,651 286,727

Depletion 136,960 (*)7,502 (*)128,148

Advertising 193,620 98,354 3,872

Pension, profit-sharing,

stock bonus, and

annuity plans 67,831 38,800 8,509

Employee benefit programs 251,815 173,629 24,838

Net loss, noncapital assets 4,903 4,589 275

Other deductions 10,269,139 7,894,547 800,585

Total receipts less total 316,332 -148,848 16,589

deductions

Net income (less deficit)

from a trade or

business 297,381 -165,343 14,906

Net income 2,698,307 1,745,535 208,341

Deficit 2,400,926 1,910,877 193,436

Portfolio income (less deficit)

distributed to

shareholders 556,411 360,014 68,103

Dividend income 26,011 15,310 1,718

Interest income 249,430 187,474 25,277

Royalty income 25,284 24,656 628

Net short-term capital gain

(less loss) -5,654 222 -2,465

Net long-term capital gain

(less loss) 253,487 124,797 42,630

Other portfolio income 7,852 7,555 314

(net)

Real estate rental net income

(less deficit) 157,285 147,449 2,307

Net income 162,325 152,209 2,379

Deficit 5,040 4,760 72

Net income (less deficit)

from other rental

activity 23,380 16,654 849

Net income 25,478 18,525 881

Deficit (*)2,099 (*)1,871 32

Total net income (less deficit) 1,034,457 358,775 86,165

Net income 3,233,710 2,122,403 263,075

Deficit 2,199,254 1,763,628 176,910

Raw materials and energy production

Agri-

culture,

forestry,

fishing,

and

hunting

Support

activities

and

Item fishing, Mining Utilities

hunting,

and

trapping

(6) (7) (8)

Number of returns 16,915 15,479 2,124

Number of shareholders 36,882 38,765 5,723

Income and deductions from a

trade or business:

Total receipts(1) 12,134,403 15,672,706 2,720,659

Business receipts 11,756,852 14,577,947 2,615,892

Interest on Government

obligations:

State and local 772 16,654 614

Net gain, noncapital 44,549 316,547 3,568

assets

Other receipts 332,230 761,557 100,585

Total deductions 11,685,813 14,488,131 2,617,792

Cost of goods sold 7,357,008 7,602,023 1,798,478

Compensation of officers 325,117 460,217 47,680

Salaries and wages 962,021 975,978 172,710

Repairs 304,826 246,440 15,489

Bad debts 6,346 29,146 5,497

Rent paid on business 202,910 288,910 77,037

property

Taxes paid 198,498 567,336 54,772

Interest paid 166,258 441,461 94,131

Amortization 13,154 58,798 9,076

Depreciation 409,056 887,713 135,079

Depletion (*)1,310 146,424 4,275

Advertising 91,393 23,334 3,166

Pension, profit-sharing,

stock bonus, and

annuity plans 20,523 49,597 8,123

Employee benefit programs 53,348 173,636 15,610

Net loss, noncapital assets 39 31,998 —

Other deductions 1,574,007 2,505,120 176,669

Total receipts less total 448,590 1,184,575 102,868

deductions

Net income (less deficit)

from a trade or

business 447,818 1,167,921 102,254

Net income 744,431 1,808,203 225,038

Deficit 296,613 640,282 122,785

Portfolio income (less deficit)

distributed to

shareholders 128,294 1,231,779 412,250

Dividend income 8,983 71,014 869

Interest income 36,679 202,279 52,645

Royalty income — 90,850 —

Net short-term capital gain

(less loss) (*)-3,411 1,764 -192

Net long-term capital gain

(less loss) 86,060 864,972 358,929

Other portfolio income -17 900 —

(net)

Real estate rental net income

(less deficit) 7,529 11,305 -786

Net income 7,737 25,967 637

Deficit 209 14,662 1,424

Net income (less deficit)

from other rental

activity (*)5,876 5,267 (*)157

Net income (*)6,072 7,237 (*)157

Deficit 196 (*)1,970 —

Total net income (less deficit) 589,517 2,416,272 513,875

Net income 848,232 2,999,515 617,970

Deficit 258,716 583,243 104,095

Goods production

Construction

Item Total Total

(9) (10)

Number of returns 452,147 305,531

Number of shareholders 853,159 516,155

Income and deductions from a

trade or business:

Total receipts(1) 884,137,352 395,901,321

Business receipts 875,032,873 391,892,110

Interest on Government

obligations:

State and local 240,252 96,099

Net gain, noncapital 1,538,686 582,571

assets

Other receipts 7,325,541 3,330,541

Total deductions 838,203,457 377,668,522

Cost of goods sold 627,199,736 293,744,937

Compensation of officers 27,496,128 12,488,695

Salaries and wages 53,909,049 18,828,533

Repairs 3,905,656 1,588,319

Bad debts 1,351,882 517,242

Rent paid on business 11,377,185 5,238,607

property

Taxes paid 16,516,673 6,779,024

Interest paid 8,738,732 3,146,720

Amortization 587,322 119,764

Depreciation 17,419,654 5,575,526

Depletion 180,031 26,957

Advertising 5,810,256 1,212,697

Pension, profit-sharing,

stock bonus, and

annuity plans 3,296,223 1,223,097

Employee benefit programs 8,422,918 3,287,721

Net loss, noncapital assets 105,247 21,623

Other deductions 51,886,765 23,869,058

Total receipts less total 45,933,895 18,232,799

deductions

Net income (less deficit)

from a trade or

business 45,693,643 18,136,701

Net income 55,091,586 22,033,996

Deficit 9,397,942 3,897,296

Portfolio income (less deficit)

distributed to

shareholders 10,715,234 2,915,819

Dividend income 305,010 121,778

Interest income 2,616,906 1,267,598

Royalty income 73,909 5,758

Net short-term capital gain

(less loss) 38,068 49,328

Net long-term capital gain

(less loss) 7,670,690 1,463,443

Other portfolio income 10,651 7,913

(net)

Real estate rental net income

(less deficit) 312,765 175,529

Net income 431,470 276,699

Deficit 118,705 101,170

Net income (less deficit)

from other rental

activity 103,384 29,067

Net income 111,348 32,256

Deficit 7,964 3,189

Total net income (less deficit) 56,825,026 21,257,116

Net income 65,442,311 25,019,340

Deficit 8,617,284 3,762,225

Goods production

Construction

Building,

developing, Heavy

Item and general construction

contracting

(11) (12)

Number of returns 129,539 12,274

Number of shareholders 239,117 22,683

Income and deductions from a

trade or business:

Total receipts(1) 180,011,911 52,497,391

Business receipts 177,971,064 51,632,072

Interest on Government

obligations:

State and local 57,699 14,193

Net gain, noncapital 154,661 235,642

assets

Other receipts 1,828,486 615,485

Total deductions 173,516,974 50,078,521

Cost of goods sold 147,517,792 39,305,498

Compensation of officers 4,109,646 1,236,642

Salaries and wages 5,143,323 2,067,650

Repairs 404,064 333,069

Bad debts 221,730 56,288

Rent paid on business 1,094,863 1,355,059

property

Taxes paid 1,816,947 798,589

Interest paid 1,713,049 384,005

Amortization 71,714 7,411

Depreciation 1,075,347 1,519,941

Depletion 5,148 19,891

Advertising 464,403 49,394

Pension, profit-sharing,

stock bonus, and

annuity plans 317,861 276,102

Employee benefit programs 692,336 371,792

Net loss, noncapital assets 6,619 5,631

Other deductions 8,862,133 2,291,559

Total receipts less total 6,494,936 2,418,870

deductions

Net income (less deficit)

from a trade or

business 6,437,237 2,404,678

Net income 8,876,967 2,698,619

Deficit 2,439,730 293,942

Portfolio income (less deficit)

distributed to

shareholders 1,774,397 374,066

Dividend income 49,965 38,934

Interest income 739,298 223,377

Royalty income 407 3,200

Net short-term capital gain

(less loss) 43,504 3,909

Net long-term capital gain

(less loss) 935,156 103,215

Other portfolio income 6,067 (*)1,431

(net)

Real estate rental net income

(less deficit) 134,741 23,187

Net income 230,130 23,918

Deficit 95,389 731

Net income (less deficit)

from other rental

activity 10,111 14,316

Net income 11,588 15,933

Deficit (*)1,477 1,616

Total net income (less deficit) 8,356,486 2,816,247

Net income 10,785,028 3,053,432

Deficit 2,428,542 237,185

Goods production

Construction Manufacturing

Special

Item trade Total

contractors

(13) (14)

Number of returns 163,717 146,617

Number of shareholders 254,355 337,004

Income and deductions from a

trade or business:

Total receipts(1) 163,392,020 488,236,031

Business receipts 162,288,974 483,140,763

Interest on Government

obligations:

State and local 24,207 144,154

Net gain, noncapital 192,268 956,115

assets

Other receipts 886,570 3,995,000

Total deductions 154,073,027 460,534,934

Cost of goods sold 106,921,648 333,454,799

Compensation of officers 7,142,407 15,007,433

Salaries and wages 11,617,561 35,080,516

Repairs 851,187 2,317,337

Bad debts 239,224 834,640

Rent paid on business 2,788,685 6,138,578

property

Taxes paid 4,163,488 9,737,649

Interest paid 1,049,666 5,592,012

Amortization 40,639 467,557

Depreciation 2,980,238 11,844,128

Depletion (*)1,918 153,074

Advertising 698,900 4,597,559

Pension, profit-sharing,

stock bonus, and

annuity plans 629,134 2,073,126

Employee benefit programs 2,223,593 5,135,196

Net loss, noncapital assets 9,373 83,624

Other deductions 12,715,366 28,017,706

Total receipts less total 9,318,993 27,701,096

deductions

Net income (less deficit)

from a trade or

business 9,294,785 27,556,943

Net income 10,458,409 33,057,590

Deficit 1,163,624 5,500,647

Portfolio income (less deficit)

distributed to

shareholders 767,356 7,799,415

Dividend income 32,878 183,232

Interest income 304,923 1,349,308

Royalty income (*)2,151 68,151

Net short-term capital gain

(less loss) 1,915 -11,260

Net long-term capital gain

(less loss) 425,072 6,207,247

Other portfolio income 416 2,737

(net)

Real estate rental net income

(less deficit) 17,601 137,236

Net income 22,650 154,771

Deficit 5,049 17,535

Net income (less deficit)

from other rental

activity 4,640 74,317

Net income 4,736 79,092

Deficit 96 4,775

Total net income (less deficit) 10,084,382 35,567,911

Net income 11,180,879 40,422,970

Deficit 1,096,498 4,855,060

Goods production

Manufacturing

Beverage

and Textile

Food tobacco mills and

Item manufac- product textile

turing manufac- product

turing mills

(15) (16) (17)

Number of returns 8,296 1,497 3,535

Number of shareholders 30,010 8,001 8,622

Income and deductions from a

trade or business:

Total receipts(1) 52,269,759 7,786,403 18,039,541

Business receipts 51,629,162 7,668,447 17,675,860

Interest on Government

obligations:

State and local 10,762 2,496 4,526

Net gain, noncapital 83,416 10,883 14,694

assets

Other receipts 546,418 104,577 344,461

Total deductions 50,194,548 7,308,845 17,413,631

Cost of goods sold 38,508,861 4,508,103 13,717,604

Compensation of officers 773,591 141,823 534,733

Salaries and wages 3,154,780 778,868 1,027,312

Repairs 267,007 64,878 63,518

Bad debts 47,394 7,402 64,405

Rent paid on business 577,574 88,854 159,863

property

Taxes paid 656,664 269,928 306,193

Interest paid 464,042 105,378 208,440

Amortization 37,446 22,453 8,090

Depreciation 1,016,694 275,446 354,722

Depletion — 1,001 —

Advertising 959,786 389,324 66,638

Pension, profit-sharing,

stock bonus, and

annuity plans 179,655 29,971 47,869

Employee benefit programs 422,040 95,483 140,367

Net loss, noncapital assets 3,742 (*)523 1,199

Other deductions 3,125,273 529,410 712,678

Total receipts less total 2,075,211 477,558 625,910

deductions

Net income (less deficit)

from a trade or

business 2,064,448 475,062 621,385

Net income 2,374,839 575,415 920,716

Deficit 310,391 100,353 299,332

Portfolio income (less deficit)

distributed to

shareholders 323,576 43,228 110,345

Dividend income 16,849 2,549 5,160

Interest income 113,481 33,926 50,506

Royalty income 2,131 1 1,650

Net short-term capital gain

(less loss) -1,669 -1,391 1,541

Net long-term capital gain

(less loss) 192,612 8,118 51,873

Other portfolio income 172 25 (*)-385

(net)

Real estate rental net income

(less deficit) 13,074 6,702 2,993

Net income 14,071 7,019 3,134

Deficit 997 317 141

Net income (less deficit)

from other rental

activity 2,119 (*)5,881 (*)3,766

Net income 2,228 (*)6,743 (*)3,767

Deficit 109 862 (*)1

Total net income (less deficit) 2,403,218 530,874 738,490

Net income 2,694,253 626,628 1,019,105

Deficit 291,038 95,754 280,615

Goods production

Manufacturing

Leather

and Wood

Apparel allied product

Item manufac- product manufac-

turing manufac- turing

turing

(18) (19) (20)

Number of returns 8,197 1,126 6,326

Number of shareholders 15,326 1,863 14,565

Income and deductions from a

trade or business:

Total receipts(1) 25,865,697 2,330,300 26,628,855

Business receipts 25,489,970 2,329,340 26,357,318

Interest on Government

obligations:

State and local 4,401 (*)627 3,493

Net gain, noncapital 36,393 303 43,328

assets

Other receipts 334,932 30 224,717

Total deductions 25,160,665 2,241,356 25,415,854

Cost of goods sold 18,448,548 1,572,400 20,221,821

Compensation of officers 800,020 80,173 497,350

Salaries and wages 2,185,648 206,268 1,230,687

Repairs 55,402 6,022 126,796

Bad debts 42,599 5,873 29,955

Rent paid on business 377,455 30,104 188,911

property

Taxes paid 483,803 47,286 490,011

Interest paid 401,909 41,525 338,722

Amortization 9,993 865 18,167

Depreciation 301,217 27,809 640,844

Depletion — — 137,462

Advertising 246,253 39,638 124,589

Pension, profit-sharing,

stock bonus, and

annuity plans 62,117 4,194 95,083

Employee benefit programs 178,036 27,732 222,422

Net loss, noncapital assets 9,907 3 7,032

Other deductions 1,557,760 151,464 1,046,002

Total receipts less total 705,031 88,945 1,213,001

deductions

Net income (less deficit)

from a trade or

business 700,631 88,318 1,209,508

Net income 1,134,409 137,400 1,557,661

Deficit 433,778 49,083 348,153

Portfolio income (less deficit)

distributed to

shareholders 321,942 9,184 187,223

Dividend income 8,771 2,399 3,248

Interest income 41,883 5,363 71,093

Royalty income 12,324 27 (*)80

Net short-term capital gain

(less loss) 1,516 39 -295

Net long-term capital gain

(less loss) 257,078 1,356 112,799

Other portfolio income 369 — 298

(net)

Real estate rental net income

(less deficit) 8,747 (*)2,263 11,129

Net income 9,886 (*)2,273 11,695

Deficit (*)1,139 9 566

Net income (less deficit)

from other rental

activity 1,639 2 3,912

Net income 1,639 2 4,070

Deficit — — 158

Total net income (less deficit) 1,032,958 99,767 1,411,773

Net income 1,438,506 145,165 1,729,712

Deficit 405,548 45,398 317,939

Goods production

Manufacturing

Printing Petroleum

Paper and and coal

Item manufac- related products

turing support manufac-

activities turing

(21) (22) (23)

Number of returns 1,568 18,365 624

Number of shareholders 5,577 31,924 1,019

Income and deductions from a

trade or business:

Total receipts(1) 16,984,622 28,457,999 4,382,189

Business receipts 16,833,858 28,222,618 4,282,063

Interest on Government

obligations:

State and local 11,952 5,839 (*)387

Net gain, noncapital 43,102 75,954 34,924

assets

Other receipts 95,710 153,588 64,815

Total deductions 16,429,767 26,948,148 4,153,836

Cost of goods sold 12,092,293 16,674,251 3,226,610

Compensation of officers 418,800 1,350,488 89,036

Salaries and wages 1,221,152 2,809,918 239,554

Repairs 91,762 197,460 42,575

Bad debts 26,836 86,362 13,057

Rent paid on business 240,116 675,325 45,633

property

Taxes paid 318,601 748,630 62,108

Interest paid 261,057 396,629 55,020

Amortization 14,926 42,132 5,127

Depreciation 638,156 1,043,556 115,869

Depletion (*)327 — 1,049

Advertising 52,779 253,622 19,608

Pension, profit-sharing,

stock bonus, and

annuity plans 80,972 129,163 13,501

Employee benefit programs 162,343 313,688 30,003

Net loss, noncapital assets 1,808 26,951 1

Other deductions 807,840 2,199,972 195,087

Total receipts less total 554,855 1,509,851 228,353

deductions

Net income (less deficit)

from a trade or

business 542,903 1,504,012 227,966

Net income 915,470 1,895,057 275,918

Deficit 372,568 391,045 (*)47,952

Portfolio income (less deficit)

distributed to

shareholders 245,078 631,462 67,059

Dividend income 14,636 8,489 1,090

Interest income 48,360 85,115 7,216

Royalty income 5,719 63 —

Net short-term capital gain

(less loss) 1,320 1,665 (*)1,225

Net long-term capital gain

(less loss) 174,951 535,444 57,528

Other portfolio income 91 686 —

(net)

Real estate rental net income

(less deficit) 208 -2,314 813

Net income 2,012 3,353 813

Deficit 1,804 5,667 —

Net income (less deficit)

from other rental

activity 838 (*)4,470 (*)237

Net income (*)1,208 (*)4,679 (*)237

Deficit (*)370 (*)209 —

Total net income (less deficit) 789,027 2,137,630 296,076

Net income 1,070,824 2,485,772 342,692

Deficit 281,797 348,142 (*)46,616

Goods production

Manufacturing

Non-

Plastics metallic

Chemical and rubber mineral

Item manufac- products products

turing manufac- manufac-

turing turing

(24) (25) (26)

Number of returns 4,633 7,043 5,675

Number of shareholders 15,160 17,663 12,043

Income and deductions from a

trade or business:

Total receipts(1) 16,228,772 31,343,387 15,283,161

Business receipts 15,942,628 31,040,548 15,144,223

Interest on Government

obligations:

State and local 4,336 13,542 3,844

Net gain, noncapital 36,309 82,689 36,001

assets

Other receipts 245,500 206,608 99,093

Total deductions 15,137,146 29,092,282 14,324,520

Cost of goods sold 9,648,705 21,125,203 9,638,635

Compensation of officers 539,017 1,057,540 456,163

Salaries and wages 1,516,041 1,943,417 1,203,282

Repairs 118,265 139,095 140,264

Bad debts 44,499 47,263 39,592

Rent paid on business 242,644 331,312 296,089

property

Taxes paid 314,642 633,682 404,425

Interest paid 191,919 395,383 174,532

Amortization 40,816 25,784 14,788

Depreciation 409,649 1,042,977 559,681

Depletion 1,264 1,040 10,137

Advertising 265,388 178,285 138,834

Pension, profit-sharing,

stock bonus, and

annuity plans 76,197 133,489 73,431

Employee benefit programs 170,840 373,440 169,648

Net loss, noncapital assets 1,159 5,855 (*)509

Other deductions 1,556,102 1,658,516 1,004,508

Total receipts less total 1,091,627 2,251,105 958,641

deductions

Net income (less deficit)

from a trade or

business 1,087,291 2,237,563 954,797

Net income 1,334,063 2,455,844 1,158,665

Deficit 246,772 218,281 203,868

Portfolio income (less deficit)

distributed to

shareholders 1,696,699 201,245 65,279

Dividend income 16,261 9,594 2,182

Interest income 62,824 75,379 47,314

Royalty income 5,496 3,735 404

Net short-term capital gain

(less loss) -24,132 -178 572

Net long-term capital gain

(less loss) 1,636,105 112,638 14,757

Other portfolio income (*)145 (*)76 50

(net)

Real estate rental net income

(less deficit) 2,585 7,368 9,713

Net income 2,747 7,882 9,836

Deficit 161 515 122

Net income (less deficit)

from other rental

activity 2,449 1,145 (*)526

Net income 2,657 1,491 (*)604

Deficit 209 346 (*)78

Total net income (less deficit) 2,789,023 2,447,320 1,030,315

Net income 2,974,295 2,644,113 1,215,719

Deficit 185,272 196,792 185,404

Goods production

Manufacturing

Fabricated

Primary metal

Item metal products Machinery

manufac- manufac- manufac-

turing turing turing

(27) (28) (29)

Number of returns 3,232 22,590 10,394

Number of shareholders 8,672 50,694 24,698

Income and deductions from a

trade or business:

Total receipts(1) 23,411,433 73,728,918 28,591,350

Business receipts 23,245,394 73,026,876 28,345,820

Interest on Government

obligations:

State and local 1,810 26,939 13,855

Net gain, noncapital 28,304 195,149 45,000

assets

Other receipts 135,925 479,954 186,675

Total deductions 22,610,533 68,107,646 26,499,982

Cost of goods sold 18,959,667 48,447,252 18,625,272

Compensation of officers 362,762 3,127,747 1,125,048

Salaries and wages 851,320 4,936,366 2,122,771

Repairs 115,690 326,756 108,583

Bad debts 20,482 139,090 32,643

Rent paid on business 113,475 979,077 340,777

property

Taxes paid 323,143 1,728,647 654,806

Interest paid 219,676 848,345 352,441

Amortization 11,424 53,490 21,306

Depreciation 461,468 2,187,640 683,171

Depletion — — —

Advertising 26,174 370,392 210,729

Pension, profit-sharing,

stock bonus, and

annuity plans 84,562 431,582 182,655

Employee benefit programs 200,098 984,818 423,058

Net loss, noncapital assets 1,326 11,407 649

Other deductions 859,267 3,535,038 1,616,075

Total receipts less total 800,900 5,621,272 2,091,368

deductions

Net income (less deficit)

from a trade or

business 799,090 5,594,333 2,077,513

Net income 946,443 6,270,142 2,341,951

Deficit 147,353 675,810 264,438

Portfolio income (less deficit)

distributed to

shareholders 83,268 1,283,177 498,515

Dividend income 4,506 32,154 11,377

Interest income 45,149 220,626 106,169

Royalty income 346 2,988 11,978

Net short-term capital gain

(less loss) 2,527 1,745 346

Net long-term capital gain

(less loss) 30,814 1,025,411 368,617

Other portfolio income -75 253 29

(net)

Real estate rental net income

(less deficit) 6,708 34,596 8,244

Net income 6,762 35,666 8,850

Deficit 54 1,071 606

Net income (less deficit)

from other rental

activity 2,997 15,524 14,488

Net income (*)3,518 16,457 14,797

Deficit 521 (*)933 309

Total net income (less deficit) 892,063 6,927,630 2,598,760

Net income 1,029,135 7,518,133 2,836,414

Deficit 137,072 590,504 237,654

Goods production

Manufacturing

Electrical

Computer equipment, Transpor-

and appliance, tation

Item electronic and equipment

products component manufac-

manufac- manufac- turing

turing turing

(30) (31) (32)

Number of returns 6,548 5,909 4,811

Number of shareholders 14,309 11,924 9,467

Income and deductions from a

trade or business:

Total receipts(1) 20,428,522 19,049,651 25,270,072

Business receipts 20,331,393 18,914,942 25,020,470

Interest on Government

obligations:

State and local 6,369 7,098 11,179

Net gain, noncapital 15,921 13,611 67,299

assets

Other receipts 74,839 114,000 171,123

Total deductions 19,043,719 17,817,172 23,673,072

Cost of goods sold 13,654,474 12,454,497 18,762,519

Compensation of officers 643,410 534,137 416,567

Salaries and wages 1,833,603 1,739,989 1,386,975

Repairs 56,281 76,553 75,073

Bad debts 27,528 29,551 20,457

Rent paid on business 238,230 201,145 203,389

property

Taxes paid 344,872 359,235 463,985

Interest paid 166,921 184,733 235,493

Amortization 17,252 16,641 19,086

Depreciation 381,029 361,898 466,701

Depletion 106 57 —

Advertising 211,751 237,083 131,161

Pension, profit-sharing,

stock bonus, and

annuity plans 94,358 87,018 77,312

Employee benefit programs 143,817 225,614 297,610

Net loss, noncapital assets 5,860 1,878 1,500

Other deductions 1,224,227 1,307,142 1,115,243

Total receipts less total 1,384,803 1,232,479 1,597,000

deductions

Net income (less deficit)

from a trade or

business 1,378,435 1,225,382 1,585,821

Net income 1,668,006 1,477,438 1,833,849

Deficit 289,572 252,056 248,029

Portfolio income (less deficit)

distributed to

shareholders 403,275 138,595 829,836

Dividend income 8,456 6,230 10,715

Interest income 59,424 50,771 90,248

Royalty income 3,268 5,154 4,760

Net short-term capital gain

(less loss) 307 12,623 -777

Net long-term capital gain

(less loss) 331,397 63,830 724,880

Other portfolio income (*)423 -13 11

(net)

Real estate rental net income

(less deficit) 2,088 2,820 6,564

Net income 2,088 6,306 7,251

Deficit — (*)3,485 687

Net income (less deficit)

from other rental

activity (*)1,823 2,222 8,022

Net income (*)1,823 2,222 8,547

Deficit (*)1 — 525

Total net income (less deficit) 1,785,620 1,369,018 2,430,243

Net income 2,057,214 1,588,690 2,625,237

Deficit 271,594 219,672 194,994

Goods production

Manufacturing

Furniture

and related Miscellaneous

Item products manufacturing

manufacturing

(33) (34)

Number of returns 6,047 20,201

Number of shareholders 11,687 43,781

Income and deductions from a

trade or business:

Total receipts(1) 14,240,281 37,915,117

Business receipts 14,101,966 37,537,868

Interest on Government

obligations:

State and local 2,962 7,737

Net gain, noncapital

assets 3,462 89,371

Other receipts 131,891 280,142

Total deductions 13,466,338 35,495,875

Cost of goods sold 9,645,740 23,522,345

Compensation of officers 440,220 1,618,806

Salaries and wages 1,102,964 3,589,601

Repairs 54,599 190,758

Bad debts 29,607 80,044

Rent paid on business

property 217,857 590,749

Taxes paid 326,767 800,222

Interest paid 121,673 428,174

Amortization 4,925 82,846

Depreciation 226,864 648,738

Depletion — 632

Advertising 165,695 509,832

Pension, profit-sharing,

stock bonus, and

annuity plans 39,939 150,060

Employee benefit programs 140,164 413,976

Net loss, noncapital assets 804 1,511

Other deductions 948,521 2,867,582

Total receipts less total

deductions 773,944 2,419,242

Net income (less deficit)

from a trade or

business 770,981 2,411,505

Net income 879,740 2,904,562

Deficit -108,758 -493,056

Portfolio income (less deficit)

distributed to

shareholders 29,886 630,544

Dividend income 1,670 16,895

Interest income 29,445 105,016

Royalty income 35 7,992

Net short-term capital gain

(less loss) (*)-3,938 -4,305

Net long-term capital gain

(less loss) 2,101 504,938

Other portfolio income

(net) 574 8

Real estate rental net income

(less deficit) 1,611 11,321

Net income 1,611 11,515

Deficit — 194

Net income (less deficit)

from other rental

activity — 2,256

Net income — 2,401

Deficit — 145

Total net income (less deficit) 802,479 3,055,626

Net income 908,351 3,473,012

Deficit 105,872 417,385

Distribution and

transportation of goods

Wholesale and

retal trade

Item Total Total

(35) (36)

Number of returns 566,076 484,772

Number of shareholders 1,030,083 894,361

Income and deductions from a

trade or business:

Total receipts(1) 1,376,793,674 1,290,432,025

Business receipts 1,359,639,369 1,274,948,656

Interest on Government

obligations:

State and local 162,686 149,304

Net gain, noncapital

assets 2,107,149 1,247,392

Other receipts 14,884,471 14,086,673

Total deductions 1,344,071,813 1,260,741,913

Cost of goods sold 1,044,645,203 1,009,807,841

Compensation of officers 26,404,681 23,807,555

Salaries and wages 98,501,831 86,715,505

Repairs 6,489,764 4,728,247

Bad debts 2,216,029 2,038,043

Rent paid on business

property 25,304,014 20,041,095

Taxes paid 19,089,884 16,242,717

Interest paid 10,970,296 9,711,579

Amortization 838,966 772,287

Depreciation 14,064,554 9,770,114

Depletion 20,687 20,277

Advertising 12,698,473 12,410,876

Pension, profit-sharing,

stock bonus, and

annuity plans 2,382,326 2,115,608

Employee benefit programs 6,022,250 5,066,037

Net loss, noncapital assets 99,848 84,612

Other deductions 74,323,005 57,409,519

Total receipts less total

deductions 32,721,862 29,690,112

Net income (less deficit)

from a trade or

business 32,559,176 29,540,808

Net income 42,242,643 37,628,641

Deficit -9,683,467 -8,087,833

Portfolio income (less deficit)

distributed to

shareholders 8,620,573 8,163,305

Dividend income 239,631 213,780

Interest income 2,144,944 1,930,422

Royalty income 135,335 134,616

Net short-term capital gain

(less loss) 43,452 23,495

Net long-term capital gain

(less loss) 6,046,682 5,851,870

Other portfolio income

(net) 10,528 9,121

Real estate rental net income

(less deficit) 402,120 357,099

Net income 447,849 396,456

Deficit 45,729 39,357

Net income (less deficit)

from other rental

activity 184,433 142,750

Net income 231,335 155,584

Deficit 46,902 12,834

Total net income (less deficit) 41,766,302 38,203,962

Net income 50,348,270 45,219,674

Deficit 8,581,968 7,015,712

Distribution and

transportation of goods

Wholesale and retal trade

Wholesale trade

Item Total Durable goods

(37) (38)

Number of returns 147,102 86,338

Number of shareholders 288,210 171,111

Income and deductions from a

trade or business:

Total receipts(1) 542,436,210 260,541,519

Business receipts 537,166,311 257,758,166

Interest on Government

obligations:

State and local 95,740 40,194

Net gain, noncapital

assets 658,093 304,934

Other receipts 4,516,066 2,438,225

Total deductions 526,356,182 250,634,402

Cost of goods sold 425,435,868 196,992,291

Compensation of officers 11,744,718 6,700,262

Salaries and wages 34,547,175 18,954,502

Repairs 1,852,875 854,629

Bad debts 1,115,998 664,944

Rent paid on business

property 5,961,435 3,137,671

Taxes paid 6,936,447 2,841,933

Interest paid 4,177,183 2,251,039

Amortization 306,044 92,145

Depreciation 4,123,086 2,291,042

Depletion 7,435 (*)5,825

Advertising 2,828,466 1,507,921

Pension, profit-sharing,

stock bonus, and

annuity plans 1,242,784 748,380

Employee benefit programs 2,138,019 1,227,385

Net loss, noncapital assets 23,547 9,966

Other deductions 23,915,103 12,354,467

Total receipts less total

deductions 16,080,029 9,907,117

Net income (less deficit)

from a trade or

business 15,984,289 9,866,923

Net income 19,104,710 11,545,461

Deficit -3,120,421 -1,678,538

Portfolio income (less deficit)

distributed to

shareholders 4,064,069 1,860,891

Dividend income 112,682 59,140

Interest income 902,220 493,546

Royalty income 86,968 34,939

Net short-term capital gain

(less loss) -2,447 -4,483

Net long-term capital gain

(less loss) 2,958,359 1 272,005

Other portfolio income

(net) 6,287 5,745

Real estate rental net income

(less deficit) 159,513 62,344

Net income 177,580 68,285

Deficit 18,067 5,941

Net income (less deficit)

from other rental

activity 75,329 62,903

Net income 83,758 70,745

Deficit 8,430 (*)7,842

Total net income (less deficit) 20,283,199 11,853,062

Net income 22,842,215 13,293,776

Deficit 2,559,016 1,440,715

Distribution and

transportation of goods

Wholesale and retal trade

Wholesale Retail

trade trade

Nondurable

Item goods Total

(39) (40)

Number of returns 60,764 337,251

Number of shareholders 117,099 605,636

Income and deductions from a

trade or business:

Total receipts(1) 281,894,691 747,355,429

Business receipts 279,408,146 737,155,889

Interest on Government

obligations:

State and local 55,546 53,564

Net gain, noncapital

assets 353,158 583,634

Other receipts 2,077,841 9,562,342

Total deductions 275,721,780 733,755,764

Cost of goods sold 228,443,576 583,926,784

Compensation of officers 5,044,456 12,059,353

Salaries and wages 15,592,674 52,130,407

Repairs 998,246 2,871,446

Bad debts 451,054 921,352

Rent paid on business

property 2,823,764 14,068,358

Taxes paid 4,094,514 9,299,312

Interest paid 1,926,144 5,522,920

Amortization 213,899 465,050

Depreciation 1,832,044 5,639,210

Depletion 1,609 12,842

Advertising 1,320,544 9,569,896

Pension, profit-sharing,

stock bonus, and

annuity plans 494,404 872,612

Employee benefit programs 910,634 2,919,127

Net loss, noncapital assets 13,581 61,066

Other deductions 11,560,636 33,416,028

Total receipts less total

deductions 6,172,911 13,599,665

Net income (less deficit)

from a trade or

business 6,117,366 13,546,101

Net income 7,559,249 18,504,047

Deficit -1,441,883 -4,957,945

Portfolio income (less deficit)

distributed to

shareholders 2,203,177 4,095,128

Dividend income 53,542 101,065

Interest income 408,674 1,024,559

Royalty income 52,029 47,649

Net short-term capital gain

(less loss) 2,036 25,801

Net long-term capital gain

(less loss) 1,686,354 2,893,221

Other portfolio income

(net) 542 2,834

Real estate rental net income

(less deficit) 97,169 196,838

Net income 109,294 218,128

Deficit 12,125 21,290

Net income (less deficit)

from other rental

activity 12,425 67,491

Net income 13,013 71,826

Deficit (*)588 4,335

Total net income (less deficit) 8,430,137 17,905,559

Net income 9,548,439 22,355,608

Deficit 1,118,302 4,450,049

Distribution and

transportation of goods

Wholesale and retal trade

Retail trade

Motor Furniture Elec-

vehicle and and home tronics

Item parts fur- and

dealers nishings appliance

(41) (42) (43)

Number of returns 46,613 18,305 17,299

Number of shareholders 82,834 34,078 31,112

Income and deductions from a

trade or business:

Total receipts(1) 386,117,380 28,904,837 23,650,470

Business receipts 380,210,138 28,574,444 23,315,889

Interest on Government

obligations:

State and local 12,453 4,996 4,588

Net gain, noncapital

assets 233,819 3,459 20,604

Other receipts 5,660,970 321,938 309,388

Total deductions 381,767,627 27,858,903 22,879,180

Cost of goods sold 332,584,168 17,822,948 17,003,037

Compensation of officers 3,574,467 869,972 578,058

Salaries and wages 18,523,185 3,223,303 2,293,175

Repairs 846,213 171,504 63,015

Bad debts 294,692 67,776 38,497

Rent paid on business

property 3,443,403 1,249,259 476,833

Taxes paid 3,079,038 594,475 364,477

Interest paid 2,713,720 185,569 113,663

Amortization 97,271 14,301 15,315

Depreciation 1,611,702 220,795 173,234

Depletion (*)2,683 — (*)114

Advertising 3,832,993 1,091,730 303,111

Pension, profit-sharing,

stock bonus, and

annuity plans 226,416 67,143 42,084

Employee benefit programs 1,281,032 140,373 79,066

Net loss, noncapital assets 15,714 (*)2,258 (*)1,813

Other deductions 9,640,931 2,137,498 1,333,688

Total receipts less total

deductions 4,349,752 1,045,934 771,290

Net income (less deficit)

from a trade or

business 4,337,299 1,040,938 766,702

Net income 5,625,530 1,241,434 921,755

Deficit 1,288,231 200,496 155,053

Portfolio income (less deficit)

distributed to

shareholders 1,193,582 210,714 489,283

Dividend income 15,416 7,685 3,800

Interest income 426,596 70,474 32,524

Royalty income (*)258 1,218 —

Net short-term capital gain

(less loss) 12,724 -539 12,003

Net long-term capital gain

(less loss) 737,391 131,860 440,956

Other portfolio income

(net) (*)1,196 (*)17 —

Real estate rental net income

(less deficit) 46,931 7,050 2,656

Net income 50,876 7,471 (*)2,753

Deficit 3,945 421 (*)97

Net income (less deficit)

from other rental

activity 26,878 (*)21,757 (*)176

Net income 30,440 (*)21,757 (*)176

Deficit 3,562 — —

Total net income (less deficit) 5,604,691 1,280,460 1,258,817

Net income 6,731,765 1,448,370 1,406,250

Deficit 1,127,074 167,911 147,433

Distribution and

transportation of goods

Wholesale and retal trade

Retail trade

Building

material

and garden Food Health

Item equipment and and

and beverage personal

supplies care

dealers

(44) (45) (46)

Number of returns 19,718 52,362 20,123

Number of shareholders 38,827 96,797 32,803

Income and deductions from a

trade or business:

Total receipts(1) 40,468,336 88,061,217 22,201,818

Business receipts 40,173,943 86,836,893 22,086,417

Interest on Government

obligations:

State and local 1,738 12,876 2,701

Net gain, noncapital

assets 34,247 88,580 14,513

Other receipts 258,408 1,122,868 98,188

Total deductions 39,199,047 86,432,594 21,521,813

Cost of goods sold 28,911,828 64,430,081 14,900,794

Compensation of officers 1,136,379 1,342,429 887,502

Salaries and wages 3,775,598 7,985,809 2,421,769

Repairs 212,262 673,245 67,339

Bad debts 99,294 77,255 49,027

Rent paid on business

property 774,437 2,296,621 618,731

Taxes paid 723,624 1,511,750 347,855

Interest paid 377,392 565,999 114,266

Amortization 15,956 114,279 30,899

Depreciation 436,768 1,034,572 137,363

Depletion 5,606 (*)2,080 —

Advertising 350,659 867,667 349,382

Pension, profit-sharing,

stock bonus, and

annuity plans 104,997 139,308 56,296

Employee benefit programs 211,828 526,519 101,223

Net loss, noncapital assets 1,308 6,674 (*)11,368

Other deductions 2,061,111 4,858,307 1,427,999

Total receipts less total

deductions 1,269,289 1,628,623 680,005

Net income (less deficit)

from a trade or

business 1,267,551 1,615,747 677,304

Net income 1,533,821 2,216,386 954,533

Deficit 266,269 600,640 277,229

Portfolio income (less deficit)

distributed to

shareholders 113,820 373,702 64,955

Dividend income 18,215 18,411 2,876

Interest income 75,400 173,056 26,463

Royalty income 86 1,096 —

Net short-term capital gain

(less loss) 2,230 -703 (*)-523

Net long-term capital gain

(less loss) 17,889 181,710 36,139

Other portfolio income

(net) — (*)133 —

Real estate rental net income

(less deficit) 8,369 48,876 (*)6,813

Net income 9,156 51,061 (*)7,219

Deficit (*)788 (*)2,185 (*)406

Net income (less deficit)

from other rental

activity 1,994 (*)1,232 10

Net income 2,546 (*)1,232 10

Deficit 552 — —

Total net income (less deficit) 1,391,733 2,039,557 749,082

Net income 1,643,728 2,582,057 1,018,951

Deficit 251,995 542,500 269,869

Distribution and

transportation of goods

Wholesale and retal trade

Retail trade

Clothing Sporting

and goods,

Item Gasoline clothing hobby,

stations acces- book,

sories and music

(47) (48) (49)

Number of returns 20,221 27,995 20,180

Number of shareholders 36,978 48,039 42,721

Income and deductions from a

trade or business:

Total receipts(1) 49,723,094 17,062,667 12,656,088

Business receipts 49,374,589 16,929,749 12,423,941

Interest on Government

obligations:

State and local 1,012 2,979 (*)458

Net gain, noncapital

assets 8,596 8,996 38,719

Other receipts 338,897 120,943 192,971

Total deductions 49,234,795 16,624,960 12,385,861

Cost of goods sold 41,233,925 10,241,150 7,848,822

Compensation of officers 408,322 598,332 354,053

Salaries and wages 2,642,986 1,929,698 1,296,503

Repairs 274,317 69,906 62,099

Bad debts 20,574 45,296 22,104

Rent paid on business

property 845,541 1,053,002 679,065

Taxes paid 654,719 358,801 240,885

Interest paid 359,640 158,925 138,283

Amortization 63,363 15,196 10,372

Depreciation 674,718 147,452 168,442

Depletion — (*)2,360 —

Advertising 104,450 436,551 241,845

Pension, profit-sharing,

stock bonus, and

annuity plans 24,790 40,588 15,828

Employee benefit programs 89,944 68,949 51,116

Net loss, noncapital assets 2,973 7,538 (*)9,360

Other deductions 1,834,533 1,451,214 1,247,084

Total receipts less total

deductions 488,298 437,707 270,227

Net income (less deficit)

from a trade or

business 487,287 434,728 269,769

Net income 800,103 784,956 547,395

Deficit 312,817 350,227 277,626

Portfolio income (less deficit)

distributed to

shareholders 281,489 125,505 669,963

Dividend income 2,188 2,430 3,693

Interest income 60,035 22,012 12,798

Royalty income 373 4,463 1,152

Net short-term capital gain

(less loss) -711 -691 (*)-456

Net long-term capital gain

(less loss) 219,512 97,291 652,776

Other portfolio income

(net) (*)91 — —

Real estate rental net income

(less deficit) 24,745 2,144 (*)-284

Net income 25,651 2,269 (*)844

Deficit (*)906 124 (*)1,127

Net income (less deficit)

from other rental

activity 6,371 (*)51 (*)36

Net income 6,371 (*)225 (*)59

Deficit — (*)174 (*)22

Total net income (less deficit) 799,891 562,429 939,485

Net income 1,083,250 876,479 1,181,648

Deficit 283,359 314,050 242,163

Distribution and

transportation of goods

Wholesale and retal trade

Retail trade

Miscel-

General laneous Nonstore

Item merchandise store retailers

retailers

(50) (51) (52)

Number of returns 7,823 64,065 22,547

Number of shareholders 13,741 110,085 37,620

Income and deductions from a

trade or business:

Total receipts(1) 8,844,342 46,315,298 23,349,882

Business receipts 8,723,975 45,551,871 22,954,038

Interest on Government

obligations:

State and local (*)1,206 4,500 4,057

Net gain, noncapital

assets 6,664 75,067 50,372

Other receipts 112,497 683,860 341,415

Total deductions 8,647,066 44,703,049 22,500,868

Cost of goods sold 5,776,231 29,809,193 13,364,608

Compensation of officers 171,565 1,550,203 588,073

Salaries and wages 1,048,014 4,546,885 2,443,482

Repairs 50,791 244,378 136,377

Bad debts 14,284 55,815 136,738

Rent paid on business

property 382,608 1,857,186 391,673

Taxes paid 171,680 826,262 425,746

Interest paid 86,143 496,980 212,340

Amortization 6,904 43,613 37,583

Depreciation 90,218 543,519 400,425

Depletion — — —

Advertising 216,889 588,103 1,186,517

Pension, profit-sharing,

stock bonus, and

annuity plans 12,282 69,040 73,838

Employee benefit programs 35,062 178,845 155,169

Net loss, noncapital assets (*)381 1,220 458

Other deductions 584,013 3,891,807 2,947,841

Total receipts less total

deductions 197,276 1,612,248 849,015

Net income (less deficit)

from a trade or

business 196,070 1,607,749 844,958

Net income 351,692 2,226,504 1,299,937

Deficit 155,622 618,755 454,979

Portfolio income (less deficit)

distributed to

shareholders 14,679 257,926 299,510

Dividend income 1,045 22,145 3,159

Interest income 10,485 62,497 52,220

Royalty income — (*)33,588 5,415

Net short-term capital gain

(less loss) 2,512 639 (*)-684

Net long-term capital gain

(less loss) (*)637 137,732 239,327

Other portfolio income

(net) — (*)1,324 73

Real estate rental net income

(less deficit) 5,500 30,545 13,493

Net income 8,216 37,779 14,834

Deficit (*)2,716 7,234 1,341

Net income (less deficit)

from other rental

activity 69 3,056 (*)5,861

Net income 69 3,056 (*)5,885

Deficit — — 24

Total net income (less deficit) 216,318 1,899,276 1,163,821

Net income 364,827 2,444,797 1,573,486

Deficit 148,509 545,521 409,665

Distribution and

transportation of goods

Wholesale

and retal Transportation

trade and warehousing

Wholesale Air, rail

and retail and water

Item trade not Total transpor-

allocable tation

(53) (54) (55)

Number of returns 419 81,305 5,993

Number of shareholders 515 135,722 7,971

Income and deductions from a

trade or business:

Total receipts(1) 640,386 86,361,649 7,370,140

Business receipts 626,456 84,690,713 6,970,718

Interest on Government

obligations:

State and local — 13,382 1,606

Net gain, noncapital

assets (*)5,665 859,757 305,959

Other receipts 8,264 797,798 91,857

Total deductions 629,968 83,329,900 7,283,688

Cost of goods sold 445,190 34,837,361 3,302,407

Compensation of officers (*)3,484 2,597,126 101,367

Salaries and wages 37,922 11,786,327 786,517

Repairs 3,926 1,761,517 328,868

Bad debts 693 177,986 19,696

Rent paid on business

property 11,302 5,262,919 285,016

Taxes paid 6,959 2,847,167 149,175

Interest paid 11,476 1,258,717 241,293

Amortization (*)1,193 66,679 14,011

Depreciation 7,818 4,294,441 704,620

Depletion — 410 —

Advertising 12,515 287,597 32,570

Pension, profit-sharing,

stock bonus, and

annuity plans 212 266,717 22,533

Employee benefit programs (*)8,891 956,213 65,141

Net loss, noncapital assets — 15,236 (*)9,562

Other deductions 78,388 16,913,486 1,220,911

Total receipts less total

deductions 10,418 3,031,750 86,452

Net income (less deficit)

from a trade or

business 10,418 3,018,368 84,846

Net income (*)19,884 4,614,002 594,504

Deficit 9,466 1,595,635 509,658

Portfolio income (less deficit)

distributed to

shareholders 4,108 457,268 80,057

Dividend income 34 25,851 6,847

Interest income 3,643 214,523 50,929

Royalty income — 719 711

Net short-term capital gain

(less loss) (*)142 19,957 (*)18,433

Net long-term capital gain

(less loss) 290 194,812 3,117

Other portfolio income

(net) — 1,407 (*)19

Real estate rental net income

(less deficit) (*)748 45,021 3,413

Net income (*)748 51,394 3,429

Deficit — 6,372 16

Net income (less deficit)

from other rental

activity -70 41,683 23,961

Net income — 75,751 54,864

Deficit 70 34,069 30,903

Total net income (less deficit) 15,204 3,562,340 192,277

Net income 21,851 5,128,596 729,607

Deficit 6,647 1,566,256 537,330

Distribution and

transportation of goods

Transportation and warehousing

Transit

and

Truck ground Pipeline

Item transpor- passenger transpor-

tation transpor- tation

tation

(56) (57) (58)

Number of returns 40,805 8,049 (*)47

Number of shareholders 70,300 10,642 (*)81

Income and deductions from a

trade or business:

Total receipts(1) 46,140,674 4,374,613 (*)361,452

Business receipts 45,329,515 4,319,619 (*)354,051

Interest on Government

obligations:

State and local 6,104 (*)53 (*)82

Net gain, noncapital

assets 472,036 21,102 (*)20

Other receipts 333,019 33,840 (*)7,300

Total deductions 44,387,330 4,265,571 (*)344,978

Cost of goods sold 14,651,548 1,196,924 (*)245,282

Compensation of officers 1,325,883 183,164 (*)3,980

Salaries and wages 7,480,965 851,111 (*)4,540

Repairs 1,128,410 111,045 (*)167

Bad debts 72,009 5,477 —

Rent paid on business

property 3,550,007 239,967 (*)2,525

Taxes paid 1,951,473 194,007 (*)2,060

Interest paid 644,648 114,740 (*)5,100

Amortization 29,559 6,782 (*)3,379

Depreciation 2,653,045 311,448 (*)8,630

Depletion 104 306 —

Advertising 118,939 23,877 (*)27

Pension, profit-sharing,

stock bonus, and

annuity plans 139,324 25,816 —

Employee benefit programs 629,312 75,643 —

Net loss, noncapital assets (*)2,715 1,328 —

Other deductions 10,009,391 923,935 (*)69,287

Total receipts less total

deductions 1,753,344 109,042 (*)16,475

Net income (less deficit)

from a trade or

business 1,747,240 108,990 (*)16,392

Net income 2,300,578 197,089 (*)18,521

Deficit 553,338 -88,099 (*)2,129

Portfolio income (less deficit)

distributed to

shareholders 209,075 31,007 (*)2,625

Dividend income 7,906 2,140 (*)5

Interest income 74,003 12,437 (*)1,594

Royalty income 6 — —

Net short-term capital gain

(less loss) -1,434 (*)213 —

Net long-term capital gain

(less loss) 127,733 15,739 (*)1,025

Other portfolio income

(net) 861 (*)479 —

Real estate rental net income

(less deficit) 12,744 441 —

Net income 13,274 485 —

Deficit 531 44 —

Net income (less deficit)

from other rental

activity 2,924 (*)5,564 (*)10

Net income 4,410 (*)5,695 (*)10

Deficit 1,486 130 —

Total net income (less deficit) 1,971,982 146,002 (*)19,027

Net income 2,507,678 228,111 (*)20,925

Deficit 535,696 82,109 (*)1,898

Distribution and Infor-

transportation of goods mation

Transportation

and warehousing

Other

transpor

tation- Warehousing

Item and and Total

support storage

activities

(59) (60) (61)

Number of returns 22,794 3,615 56,082

Number of shareholders 37,597 9,131 115,281

Income and deductions from a

trade or business:

Total receipts(1) 22,999,931 5,114,837 49,122,624

Business receipts 22,755,399 4,961,410 47,432,591

Interest on Government

obligations:

State and local 3,401 2,136 44,864

Net gain, noncapital

assets 33,437 27,203 285,766

Other receipts 207,694 124,089 1,359,403

Total deductions 22,228,138 4,820,194 46,303,600

Cost of goods sold 13,560,483 1,880,717 17,467,930

Compensation of officers 841,393 141,339 3,450,718

Salaries and wages 1,820,597 842,596 7,999,677

Repairs 129,157 63,869 325,619

Bad debts 68,003 12,801 250,623

Rent paid on business

property 544,596 640,809 1,163,323

Taxes paid 369,520 180,933 1,296,916

Interest paid 155,197 97,740 831,543

Amortization 9,371 3,577 551,726

Depreciation 466,443 150,255 1,467,497

Depletion — — —

Advertising 102,263 9,921 881,772

Pension, profit-sharing,

stock bonus, and

annuity plans 42,219 36,824 413,848

Employee benefit programs 108,160 77,958 408,012

Net loss, noncapital assets (*)989 (*)642 9,951

Other deductions 4,009,748 680,215 9,784,443

Total receipts less total

deductions 771,793 294,643 2,819,024

Net income (less deficit)

from a trade or

business 768,392 292,507 2,774,160

Net income 1,113,815 389,495 5,549,495

Deficit -345,423 -96,988 -2,775,335

Portfolio income (less deficit)

distributed to

shareholders 59,613 74,892 2,628,957

Dividend income 6,797 2,156 65,654

Interest income 42,735 32,824 340,512

Royalty income — 2 15,872

Net short-term capital gain

(less loss) 2,177 568 -49,504

Net long-term capital gain

(less loss) 7,861 39,336 2,248,352

Other portfolio income

(net) 43 5 8,071

Real estate rental net income

(less deficit) -559 28,982 53,534

Net income 5,204 29,001 54,347

Deficit (*)5,763 19 813

Net income (less deficit)

from other rental

activity 6,404 (*)2,819 8,542

Net income 7,845 (*)2,928 8,703

Deficit 1,441 109 (*)161

Total net income (less deficit) 833,851 399,200 5,465,193

Net income 1,162,119 480,156 7,853,348

Deficit 328,268 80,956 2,388,155

Information

Motion Broad-

picture casting

Item Publishing and sound and

industries recording telecom-

industries munications

(62) (63) (64)

Number of returns 16,724 13,479 17,690

Number of shareholders 34,821 22,131 44,453

Income and deductions from a

trade or business:

Total receipts(1) 20,925,871 8,143,642 15,167,515

Business receipts 20,020,272 7,863,175 15,191,385

Interest on Government

obligations:

State and local 17,297 9,128 16,717

Net gain, noncapital

assets 56,225 2,345 219,771

Other receipts 832,077 268,994 -260,358

Total deductions 19,158,852 7,879,488 14,821,774

Cost of goods sold 7,619,975 2,947,749 5,545,546

Compensation of officers 1,258,295 1,014,137 674,203

Salaries and wages 3,502,975 739,991 2,821,914

Repairs 94,678 63,082 137,996

Bad debts 90,290 14,002 143,725

Rent paid on business

property 411,134 257,045 374,436

Taxes paid 481,877 165,656 495,160

Interest paid 209,565 91,131 463,126

Amortization 137,179 199,057 194,496

Depreciation 363,264 374,983 647,639

Depletion — — —

Advertising 452,274 96,048 278,787

Pension, profit-sharing,

stock bonus, and

annuity plans 242,958 58,365 68,963

Employee benefit programs 243,050 25,803 98,176

Net loss, noncapital assets 412 48 9,431

Other deductions 4,050,926 1,832,391 2,868,177

Total receipts less total

deductions 1,767,019 264,153 345,740

Net income (less deficit)

from a trade or

business 1,749,722 255,025 329,024

Net income 2,299,131 829,642 1,706,892

Deficit -549,410 -574,617 -1,377,868

Portfolio income (less deficit)

distributed to

shareholders 855,916 314,408 1,391,114

Dividend income 36,243 9,264 17,942

Interest income 111,894 51,952 160,700

Royalty income 1,219 61 972

Net short-term capital gain

(less loss) -63,751 15,175 -626

Net long-term capital gain

(less loss) 769,816 235,422 1,207,086

Other portfolio income

(net) (*)496 (*)2,534 5,041

Real estate rental net income

(less deficit) 18,429 18,652 7,958

Net income 18,914 18,661 8,231

Deficit 486 (*)10 273

Net income (less deficit)

from other rental

activity 1,558 (*)1,068 5,700

Net income 1,559 (*)1,128 5,742

Deficit (*)1 (*)60 42

Total net income (less deficit) 2,625,625 589,153 1,733,796

Net income 3,052,501 1,112,039 2,915,131

Deficit 426,876 522,886 1,181,335

Infor- Finance, insurance,

mation real estate, and rental

and leasing

Finance

and

insurance

Infor-

Item mation Total Total

services

(65) (66) (67)

Number of returns 8,189 403,085 102,884

Number of shareholders 13,877 880,071 197,735

Income and deductions from a

trade or business:

Total receipts(1) 4,885,596 122,080,521 64,269,156

Business receipts 4,357,760 113,156,413 58,387,565

Interest on Government

obligations:

State and local 1,722 227,990 185,702

Net gain, noncapital

assets (*)7,425 1,014,444 271,797

Other receipts 518,689 7,681,674 5,424,092

Total deductions 4,443,485 112,009,273 58,241,659

Cost of goods sold 1,354,661 25,010,143 9,094,194

Compensation of officers 504,083 12,747,732 9,336,722

Salaries and wages 934,798 29,377,812 16,248,075

Repairs 29,863 1,099,958 291,299

Bad debts 2,606 830,270 649,778

Rent paid on business

property 120,707 4,028,629 1,730,671

Taxes paid 154,223 3,431,642 1,705,142

Interest paid 67,721 5,565,708 3,860,178

Amortization 20,995 326,929 220,438

Depreciation 81,610 4,129,305 728,561

Depletion — 3,461 (*)1,733

Advertising 54,662 1,836,798 765,989

Pension, profit-sharing,

stock bonus, and

annuity plans 43,563 810,594 547,254

Employee benefit programs 40,984 1,069,414 606,682

Net loss, noncapital assets (*)60 152,101 66,527

Other deductions 1,032,949 21,588,778 12,388,416

Total receipts less total

deductions 442,111 10,071,248 6,027,497

Net income (less deficit)

from a trade or

business 440,390 9,843,257 5,841,795

Net income 713,830 16,302,891 9,538,677

Deficit 273,440 6,459,634 3,696,883

Portfolio income (less deficit)

distributed to

shareholders 67,518 13,255,887 6,003,496

Dividend income 2,205 479,443 296,915

Interest income 15,967 2,804,152 1,414,139

Royalty income 13,620 66,567 7,512

Net short-term capital gain

(less loss) (*)-302 530,430 455,884

Net long-term capital gain

(less loss) (*)36,028 9,294,990 3,781,797

Other portfolio income

(net) — 80,304 47,248

Real estate rental net income

(less deficit) 8,496 3,375,200 5,903

Net income 8,540 5,155,499 69,597

Deficit 45 1,780,299 63,693

Net income (less deficit)

from other rental

activity 216 543,825 5,782

Net income 274 756,960 11,499

Deficit 59 213,135 5,717

Total net income (less deficit) 516,619 27,018,169 11,856,976

Net income 773,677 33,083,696 14,338,159

Deficit 257,058 6,065,527 2,481,183

Finance, insurance, real estate,

and rental and leasing

Finance and insurance

Securites,

commodity

Depository Non- contracts,

credit depository other

Item inter- credit financial

mediation inter- investments

mediation and related

activities

(68) (69) (70)

Number of returns 746 21,525 33,846

Number of shareholders 6,406 38,978 72,137

Income and deductions from a

trade or business:

Total receipts(1) 2,184,749 14,166,876 24,519,052

Business receipts 707,926 12,637,821 22,003,890

Interest on Government

obligations:

State and local 49,348 6,430 115,819

Net gain, noncapital

assets 133,706 108,023 26,398

Other receipts 1,293,769 1,414,603 2,372,945

Total deductions 1,717,965 13,117,712 22,564,117

Cost of goods sold — 2,678,646 2,041,572

Compensation of officers 120,730 751,982 5,359,462

Salaries and wages 225,478 3,579,435 5,803,969

Repairs 16,237 69,492 69,730

Bad debts 43,807 379,864 180,283

Rent paid on business

property 20,717 414,255 563,356

Taxes paid 51,263 402,818 636,499

Interest paid 812,742 1,173,298 1,663,994

Amortization 86,605 42,585 29,793

Depreciation 38,443 175,271 263,366

Depletion 3 (*)1,514 176

Advertising 27,522 353,746 150,508

Pension, profit-sharing,

stock bonus, and

annuity plans 9,600 46,849 278,047

Employee benefit programs 27,703 85,665 188,674

Net loss, noncapital assets 2,654 7,365 54,807

Other deductions 234,461 2,954,927 5,279,882

Total receipts less total

deductions 466,784 1,049,164 1,954,935

Net income (less deficit)

from a trade or

business 417,437 1,042,734 1,839,115

Net income 459,404 1,885,013 4,436,421

Deficit 41,967 842,279 2,597,305

Portfolio income (less deficit)

distributed to

shareholders 32,815 767,641 4,433,628

Dividend income 1,998 4,533 230,401

Interest income 20,577 249,414 940,412

Royalty income 67 (*)186 7,256

Net short-term capital gain

(less loss) -35 6,161 438,631

Net long-term capital gain

(less loss) 10,204 507,177 2,774,448

Other portfolio income

(net) 3 171 42,480

Real estate rental net income

(less deficit) 4,442 -7,318 3,245

Net income 6,110 11,544 45,056

Deficit 1,668 18,863 41,812

Net income (less deficit)

from other rental

activity -359 -317 8,206

Net income 140 1,057 9,389

Deficit 499 (*)1,374 1,182

Total net income (less deficit) 454,335 1,802,740 6,284,195

Net income 490,992 2,543,805 7,826,993

Deficit 36,657 741,065 1,542,798

Finance, insurance, real estate,

and rental and leasing

Real

estate and

Finance and insurance rental and

leasing

Insurance Funds,

carriers trusts,

Item and and other Total

related financial

activities vehicles

(71) (72) (73)

Number of returns 45,777 990 300,201

Number of shareholders 77,876 2,337 682,336

Income and deductions from a

trade or business:

Total receipts(1) 23,023,819 374,661 57,811,365

Business receipts 22,728,460 309,467 54,768,849

Interest on Government

obligations:

State and local 12,159 1,946 42,288

Net gain, noncapital

assets 3,624 47 742,647

Other receipts 279,575 63,201 2,257,581

Total deductions 20,565,489 276,377 53,767,614

Cost of goods sold 4,291,314 (*)82,663 15,915,949

Compensation of officers 3,083,263 21,285 3,411,010

Salaries and wages 6,596,412 42,781 13,129,737

Repairs 134,477 1,363 808,659

Bad debts 42,927 2,898 180,491

Rent paid on business

property 721,580 10,764 2,297,958

Taxes paid 604,297 10,265 1,726,501

Interest paid 188,979 21,164 1,705,531

Amortization 61,194 261 106,491

Depreciation 242,685 8,797 3,400,744

Depletion (*)39 — 1,728

Advertising 229,284 4,930 1,070,809

Pension, profit-sharing,

stock bonus, and

annuity plans 203,115 (*)9,642 263,339

Employee benefit programs 301,927 2,713 462,733

Net loss, noncapital assets 1,701 — -85,574

Other deductions 3,862,297 56,850 9,200,361

Total receipts less total

deductions 2,458,330 98,284 4,043,750

Net income (less deficit)

from a trade or

business 2,446,171 96,338 4,001,462

Net income 2,636,915 120,925 6,764,214

Deficit 190,744 24,587 2,762,751

Portfolio income (less deficit)

distributed to

shareholders 599,594 169,817 7,252,391

Dividend income 53,768 6,215 182,528

Interest income 188,818 14,918 1,390,014

Royalty income — 3 59,055

Net short-term capital gain

(less loss) -2,749 13,877 74,545

Net long-term capital gain

(less loss) 355,169 134,800 5,513,194

Other portfolio income

(net) (*)4,589 5 33,056

Real estate rental net income

(less deficit) 5,374 161 3,369,296

Net income 6,416 471 5,085,902

Deficit 1,042 309 1,716,606

Net income (less deficit)

from other rental

activity (*)-1,588 -161 538,044

Net income (*)678 236 745,461

Deficit (*)2,266 396 207,418

Total net income (less deficit) 3,049,550 266,156 15,161,193

Net income 3,192,534 283,834 18,745,537

Deficit 142,984 17,679 3,584,344

Finance, insurance, real estate,

and rental and leasing

Real estate and rental and leasing

Lessors of

Rental non-

Item Real and leasing financial

estate services intangible

assets

(74) (75) (76)

Number of returns 271,573 27,939 (*)690

Number of shareholders 624,108 55,666 (*)2,562

Income and deductions from a

trade or business:

Total receipts(1) 40,290,326 17,191,418 (*)329,621

Business receipts 38,240,043 16,213,535 (*)315,270

Interest on Government

obligations:

State and local 39,442 2,846 —

Net gain, noncapital

assets 273,052 469,565 (*)30

Other receipts 1,737,789 505,472 (*)14,320

Total deductions 36,936,966 16,523,095 (*)307,553

Cost of goods sold 9,276,591 6,406,035 (*)233,323

Compensation of officers 2,888,535 516,071 (*)6,405

Salaries and wages 10,964,627 2,147,106 (*)18,004

Repairs 441,775 366,125 (*)759

Bad debts 119,859 60,407 (*)225

Rent paid on business

property 1,434,076 860,383 (*)3,498

Taxes paid 1,232,657 491,781 (*)2,063

Interest paid 1,079,614 622,639 (*)3,278

Amortization 60,449 42,466 (*)3,576

Depreciation 712,928 2,686,609 (*)1,206

Depletion 1,711 17 —

Advertising 833,929 235,527 (*)1,353

Pension, profit-sharing,

stock bonus, and

annuity plans 204,196 57,942 (*)1,202

Employee benefit programs 336,684 125,846 (*)203

Net loss, noncapital assets -40,452 -45,122 —

Other deductions 7,308,882 1,859,020 (*)32,459

Total receipts less total

deductions 3,353,360 668,323 (*)22,067

Net income (less deficit)

from a trade or

business 3,313,918 665,477 (*)22,067

Net income 5,395,710 1,341,907 (*)26,596

Deficit 2,081,792 676,431 (*)4,529

Portfolio income (less deficit)

distributed to

shareholders 6,258,429 970,135 (*)23,827

Dividend income 174,789 7,476 (*)262

Interest income 1,301,733 84,365 (*)3,916

Royalty income 31,995 (*)17,818 (*)9,242

Net short-term capital gain

(less loss) 73,309 1,238 (*)-2

Net long-term capital gain

(less loss) 4,652,408 857,967 (*)2,819

Other portfolio income

(net) 24,196 (*)1,271 (*)7,589

Real estate rental net income

(less deficit) 3,325,609 43,335 (*)352

Net income 5,025,009 60,541 (*)352

Deficit 1,699,399 17,206 —

Net income (less deficit)

from other rental

activity 19,071 519,448 (*)-475

Net income 51,132 694,329 —

Deficit 32,061 174,881 (*)475

Total net income (less deficit) 12,917,028 2,198,395 (*)45,771

Net income 15,781,887 2,913,114 (*)50,537

Deficit 2,864,859 714,719 (*)4,767

Professional and

business services

Professional,

scientific,

and

technical

services

Item Total Total

(77) (78)

Number of returns 505,090 371,152

Number of shareholders 814,939 572,538

Income and deductions from a

trade or business:

Total receipts(1) 284,736,355 183,061,921

Business receipts 275,909,504 179,673,635

Interest on Government

obligations:

State and local 242,283 36,036

Net gain, noncapital

assets 593,484 395,047

Other receipts 7,991,085 2,957,203

Total deductions 264,308,062 168,390,857

Cost of goods sold 103,855,971 58,675,505

Compensation of officers 25,724,140 20,525,946

Salaries and wages 53,355,669 34,263,274

Repairs 1,630,003 894,740

Bad debts 693,944 330,682

Rent paid on business

property 8,109,710 5,834,092

Taxes paid 9,363,631 5,790,149

Interest paid 4,457,326 1,323,408

Amortization 337,604 191,821

Depreciation 4,032,632 2,462,816

Depletion 1,973 (*)40

Advertising 2,626,166 1,760,875

Pension, profit-sharing,

stock bonus, and

annuity plans 2,146,921 1,830,211

Employee benefit programs 3,104,354 2,054,506

Net loss, noncapital assets -89,585 -61,285

Other deductions 44,778,435 32,391,507

Total receipts less total

deductions 20,428,293 14,671,064

Net income (less deficit)

from a trade or

business 20,186,011 14,635,028

Net income 26,433,303 18,943,667

Deficit 6,247,293 4,308,640

Portfolio income (less deficit)

distributed to

shareholders 10,877,572 5,598,455

Dividend income 337,487 134,996

Interest income 1,360,348 745,118

Royalty income 83,534 45,320

Net short-term capital gain

(less loss) -35,424 49,918

Net long-term capital gain

(less loss) 9,128,803 4,622,145

Other portfolio income

(net) 2,823 958

Real estate rental net income

(less deficit) 51,009 64,142

Net income 157,453 110,486

Deficit 106,444 46,344

Net income (less deficit)

from other rental

activity 3,294 -3,532

Net income 51,529 40,241

Deficit 48,235 43,773

Total net income (less deficit) 31,117,885 20,294,093

Net income 36,809,602 24,211,647

Deficit 5,691,716 3,917,554

Professional and

business services

Professional, scientific,

and technical services

Accounting,

tax

Legal preparation,

Item services bookkeeping,

and payroll

services

(79) (80)

Number of returns 36,524 26,683

Number of shareholders 50,134 42,893

Income and deductions from a

trade or business:

Total receipts(1) 16,293,836 7,877,724

Business receipts 15,161,329 7,826,055

Interest on Government

obligations:

State and local 5,415 (*)139

Net gain, noncapital

assets 9,630 (*)722

Other receipts 1,117,462 50,809

Total deductions 13,843,293 6,951,215

Cost of goods sold 645,014 965,134

Compensation of officers 3,839,995 1,333,800

Salaries and wages 3,519,572 1,915,815

Repairs 102,669 47,804

Bad debts 23,286 7,118

Rent paid on business

property 757,799 413,886

Taxes paid 494,835 318,991

Interest paid 91,985 78,256

Amortization 1,823 20,636

Depreciation 143,101 95,311

Depletion — (*)40

Advertising 308,091 54,554

Pension, profit-sharing,

stock bonus, and

annuity plans 226,192 147,815

Employee benefit programs 90,404 111,080

Net loss, noncapital assets (*)-583 -5

Other deductions 3,597,943 1,440,971

Total receipts less total

deductions 2,450,543 926,510

Net income (less deficit)

from a trade or

business 2,445,128 926,371

Net income 2,663,106 1,022,435

Deficit 217,978 96,064

Portfolio income (less deficit)

distributed to

shareholders 90,337 258,709

Dividend income 19,835 3,428

Interest income 65,722 88,514

Royalty income (*)47 —

Net short-term capital gain

(less loss) 1,724 (*)-500

Net long-term capital gain

(less loss) 2,859 167,253

Other portfolio income

(net) (*)149 13

Real estate rental net income

(less deficit) -616 (*)555

Net income (*)1,829 (*)722

Deficit (*)2,445 (*)167

Net income (less deficit)

from other rental

activity 15,860 -6

Net income 15,863 —

Deficit (*)3 6

Total net income (less deficit) 2,550,709 1,185,628

Net income 2,764,824 1,251,077

Deficit 214,115 65,449

Professional and business services

Professional, scientific, and

technical services

Architec- Computer

tural, engi- Specia- systems

neering, and lized design and

Item and related design related

services services services

(81) (82) (83)

Number of returns 49,457 19,242 58,753

Number of shareholders 82,887 23,663 94,199

Income and deductions from a

trade or business:

Total receipts(1) 25,661,142 9,287,019 28,667,716

Business receipts 25,434,965 9,233,037 28,477,953

Interest on Government

obligations:

State and local 2,453 634 5,152

Net gain, noncapital

assets 31,801 753 35,356

Other receipts 181,923 52,595 149,255

Total deductions 23,582,373 8,654,974 26,740,012

Cost of goods sold 7,703,215 5,044,252 10,457,658

Compensation of officers 2,805,359 761,422 2,687,424

Salaries and wages 5,255,182 785,985 5,745,770

Repairs 147,301 42,269 98,151

Bad debts 44,329 25,525 34,147

Rent paid on business

property 824,082 238,756 669,074

Taxes paid 952,188 185,148 917,587

Interest paid 182,753 36,537 214,457

Amortization 15,986 7,083 21,570

Depreciation 423,457 129,390 384,382

Depletion — — —

Advertising 80,774 94,894 259,485

Pension, profit-sharing,

stock bonus, and

annuity plans 251,808 76,657 261,937

Employee benefit programs 479,382 49,322 322,592

Net loss, noncapital assets 1,079 (*)2,964 798

Other deductions 4,415,476 1,174,768 4,664,981

Total receipts less total

deductions 2,068,769 632,045 1,927,704

Net income (less deficit)

from a trade or

business 2,066,316 631,411 1,922,552

Net income 2,397,384 765,998 2,790,370

Deficit 331,069 134,587 867,818

Portfolio income (less deficit)

distributed to

shareholders 147,940 26,605 1,393,906

Dividend income 19,096 6,389 8,292

Interest income 52,139 20,241 67,280

Royalty income 741 — (*)36,891

Net short-term capital gain

(less loss) 1,706 (*)-168 -40,408

Net long-term capital gain

(less loss) 74,237 (*)491 1,321,852

Other portfolio income

(net) 21 (*)-349 —

Real estate rental net income

(less deficit) 8,129 (*)5,454 (*)909

Net income 8,565 (*)5,487 (*)1,394

Deficit 436 (*)32 (*)485

Net income (less deficit)

from other rental

activity (*)141 — (*)201

Net income (*)444 — (*)201

Deficit 303 — —

Total net income (less deficit) 2,222,525 663,470 3,317,569

Net income 2,539,688 792,120 4,161,485

Deficit 317,162 128,650 843,916

Professional and Education,

business services health,

and social

assistance

Administrative and

support and waste

management and

remediation services

Waste

Adminis- management

trative and reme-

Item and support diation Total

services services

(87) (88) (89)

Number of returns 116,389 6,077 155,372

Number of shareholders 189,392 13,229 248,508

Income and deductions from a

trade or business:

Total receipts(1) 86,837,813 7,284,661 91,168,268

Business receipts 85,900,828 7,120,171 89,250,909

Interest on Government

obligations:

State and local 11,267 8,374 10,333

Net gain, noncapital

assets 108,335 24,442 103,908

Other receipts 817,383 131,663 1,793,118

Total deductions 83,274,906 6,697,036 85,173,621

Cost of goods sold 42,231,123 2,635,011 12,054,564

Compensation of officers 4,456,018 288,689 12,585,349

Salaries and wages 17,477,474 843,963 24,402,320

Repairs 508,316 153,581 751,853

Bad debts 115,364 14,447 441,340

Rent paid on business

property 1,953,418 229,142 4,868,645

Taxes paid 3,121,211 273,776 3,622,415

Interest paid 511,549 137,014 1,128,048

Amortization 100,133 26,823 151,634

Depreciation 1,010,368 385,798 1,427,775

Depletion — 1,874 (*)965

Advertising 774,884 36,188 1,111,141

Pension, profit-sharing,

stock bonus, and

annuity plans 240,245 31,726 1,162,887

Employee benefit programs 846,101 105,180 1,266,875

Net loss, noncapital assets 23,055 (*)529 3,581

Other deductions 9,905,647 1,533,294 20,194,229

Total receipts less total

deductions 3,562,907 587,615 5,984,646

Net income (less deficit)

from a trade or

business 3,551,639 579,241 5,974,313

Net income 4,759,440 720,960 7,901,745

Deficit 1,207,800 141,719 1,927,431

Portfolio income (less deficit)

distributed to

shareholders 1,370,205 2,623,178 648,073

Dividend income 13,284 2,629 18,917

Interest income 222,692 62,729 224,565

Royalty income (*)35,934 401 (*)4,075

Net short-term capital gain

(less loss) -19,117 -1,957 -10,449

Net long-term capital gain

(less loss) 1,117,412 2,559,374 410,964

Other portfolio income

(net) — 1 (*)2

Real estate rental net income

(less deficit) 4,992 1,962 28,364

Net income 13,476 2,152 32,093

Deficit (*)8,484 190 3,730

Net income (less deficit)

from other rental

activity 6,318 1,124 4,130

Net income 6,318 1,398 4,333

Deficit — 273 (*)203

Total net income (less deficit) 4,933,154 3,205,505 6,654,880

Net income 6,069,201 3,303,142 8,410,421

Deficit 1,136,047 97,637 1,755,541

Education, health, and social

assistance

Health care and social assistance

Offices of

physicians

Item Educational Total and

services dentists

(90) (91) (92)

Number of returns 20,527 134,844 55,822

Number of shareholders 33,548 214,963 76,123

Income and deductions from a

trade or business:

Total receipts(1) 10,418,461 80,739,816 32,678,449

Business receipts 10,297,420 78,953,489 31,670,350

Interest on Government

obligations:

State and local 4,361 5,972 (*)2,790

Net gain, noncapital

assets 17,936 85,972 17,339

Other receipts 98,735 1,694,383 987,971

Total deductions 9,858,031 78,315,590 29,524,623

Cost of goods sold 2,289,715 9,764,849 1,117,732

Compensation of officers 730,670 11,854,679 8,265,006

Salaries and wages 2,608,798 21,793,522 7,675,747

Repairs 97,978 653,875 258,925

Bad debts 146,823 294,518 43,747

Rent paid on business

property 619,995 4,248,650 1,710,744

Taxes paid 345,065 3,277,349 1,122,673

Interest paid 84,109 1,043,939 241,263

Amortization 15,543 136,091 53,962

Depreciation 159,419 1,268,356 416,072

Depletion — (*)965 (*)938

Advertising 528,112 583,029 213,345

Pension, profit-sharing,

stock bonus, and

annuity plans 36,512 1,126,375 866,510

Employee benefit programs 150,313 1,116,562 284,168

Net loss, noncapital assets 69 3,512 63

Other deductions 2,044,910 18,149,319 7,253,730

Total receipts less total

deductions 560,420 5,424,226 3,153,826

Net income (less deficit)

from a trade or

business 556,059 5,418,254 3,151,036

Net income 700,990 7,200,754 3,678,391

Deficit 144,931 1,782,500 527,355

Portfolio income (less deficit)

distributed to

shareholders 107,522 640,561 182,983

Dividend income 2,958 15,959 3,243

Interest income 44,707 179,858 53,719

Royalty income (*)4,075 — —

Net short-term capital gain

(less loss) -89 -10,360 (*)-10,220

Net long-term capital gain

(less loss) 55,872 355,092 136,241

Other portfolio income

(net) — (*)2 —

Real estate rental net income

(less deficit) 2,909 26,454 (*)4176

Net income (*)4,192 27,901 (*)4,704

Deficit (*)1,283 2,447 (*)528

Net income (less deficit)

from other rental

activity 111 4,019 (*)3,312

Net income 111 (*)4,221 (*)3,369

Deficit — (*)203 (*)57

Total net income (less deficit) 666,602 5,988,278 3,341,508

Net income 785,075 7,625,347 3,826,270

Deficit 118,472 1,637,069 484,763

Education, health, and social

assistance

Health care and social assistance

Miscella-

Offices neous

of other health

health Outpatient care and

Item practi- care social

tioners centers assistance

(93) (94) (95)

Number of returns 37,462 3,904 26,698

Number of shareholders 56,167 5,387 50,638

Income and deductions from a

trade or business:

Total receipts(1) 14,396,018 1,980,342 12,296,838

Business receipts 14,295,896 1,872,872 12,239,479

Interest on Government

obligations:

State and local (*)342 757 (*)89

Net gain, noncapital

assets (*)7,407 651 22,987

Other receipts 92,372 106,062 33,283

Total deductions 13,321,691 1,808,323 11,743,279

Cost of goods sold 3,080,894 320,455 2,761,751

Compensation of officers 2,383,215 134,499 756,480

Salaries and wages 2,641,031 344,584 3,866,436

Repairs 83,213 12,226 124,918

Bad debts 42,052 (*)15,328 96,710

Rent paid on business

property 759,766 61,748 558,816

Taxes paid 450,821 45,155 526,322

Interest paid 73,452 24,256 182,246

Amortization 19,057 4,434 23,989

Depreciation 142,601 42,499 299,932

Depletion — — (*)28

Advertising 170,173 28,776 85,364

Pension, profit-sharing,

stock bonus, and

annuity plans 135,328 13,685 63,464

Employee benefit programs 88,639 11,798 173,347

Net loss, noncapital assets 2 — (*)2,542

Other deductions 3,251,349 748,883 2,220,933

Total receipts less total

deductions 1,074,427 172,019 552,559

Net income (less deficit)

from a trade or

business 1,074,086 171,261 552,470

Net income 1,288,856 251,489 1,019,799

Deficit 214,771 80,228 467,329

Portfolio income (less deficit)

distributed to

shareholders 78,089 78,104 32,669

Dividend income 8,295 (*)607 1,708

Interest income 18,730 7,492 18,251

Royalty income — — —

Net short-term capital gain

(less loss) (*)-481 (*)-107 (*)208

Net long-term capital gain

(less loss) 51,545 70,113 (*)12,502

Other portfolio income

(net) — — —

Real estate rental net income

(less deficit) (*)5,133 (*)1,864 (*)358

Net income (*)5,133 (*)1,864 (*)358

Deficit — — —

Net income (less deficit)

from other rental

activity — — 162

Net income — — 162

Deficit — — —

Total net income (less deficit) 1,157,307 251,229 586,660

Net income 1,343,907 294,054 1,042,836

Deficit 186,600 42,825 457,176

Education, Leisure, accomodation,

health, and food services

and social

assistance

Health Arts,

care and enter-

social tainment,

assistance and

recreation

Hospitals,

nursing,

and resi-

dential

Item care Total Total

facilities

(96) (97) (98)

Number of returns 10,958 201,973 54,882

Number of shareholders 26,648 418,882 109,006

Income and deductions from a

trade or business:

Total receipts(1) 19,389,169 126,970,449 26,507,127

Business receipts 18,874,893 123,569,886 25,300,285

Interest on Government

obligations:

State and local 1,994 17,468 9,136

Net gain, noncapital

assets 37,588 707,386 208,181

Other receipts 474,695 2,675,710 989,525

Total deductions 18,917,774 123,082,716 25,439,167

Cost of goods sold 2,484,018 44,235,084 5,526,669

Compensation of officers 315,480 5,014,789 2,036,317

Salaries and wages 7,265,724 23,240,154 5,503,528

Repairs 174,593 2,536,700 588,909

Bad debts 96,684 224,019 39,401

Rent paid on business

property 1,157,576 8,043,320 1,624,068

Taxes paid 1,132,378 5,688,726 1,296,928

Interest paid 522,723 3,042,527 711,988

Amortization 34,849 591,629 193,789

Depreciation 367,252 4,302,753 1,238,433

Depletion — — —

Advertising 85,370 3,313,790 560,386

Pension, profit-sharing,

stock bonus, and

annuity plans 47,388 203,083 119,788

Employee benefit programs 558,609 778,290 193,727

Net loss, noncapital assets (*)906 119,058 3,098

Other deductions 4,674,424 21,748,794 5,802,137

Total receipts less total

deductions 471,395 3,887,734 1,067,961

Net income (less deficit)

from a trade or

business 469,401 3,870,265 1,058,824

Net income 962,219 8,765,224 2,862,102

Deficit 492,818 4,894,958 1,803,278

Portfolio income (less deficit)

distributed to

shareholders 168,706 1,472,298 756,172

Dividend income 2,105 48,931 20,395

Interest income 81,666 517,420 167,345

Royalty income — 117,777 116,933

Net short-term capital gain

(less loss) (*)242 -2,630 -6,696

Net long-term capital gain

(less loss) 84,690 773,381 442,692

Other portfolio income

(net) (*)2 17,419 15,503

Real estate rental net income

(less deficit) 13,923 105,402 34,144

Net income 15,842 153,884 47,162

Deficit (*)1,919 48,482 13,018

Net income (less deficit)

from other rental

activity (*)544 37,056 10,996

Net income (*)690 40,067 13,369

Deficit (*)146 3,010 2,373

Total net income (less deficit) 652,574 5,485,022 1,860,136

Net income 1,118,279 10,088,275 3,548,639

Deficit 465,705 4,603,253 1,688,503

Leisure, accomodation, and food

services

Arts, entertainment, Accomoda-

and recreation tion and

food

service

Other Amusement,

arts, gambling,

entertain- and

Item ment, and recreation Total

recreation industries

(99) (100) (101)

Number of returns 27,128 27,754 147,091

Number of shareholders 44,167 64,838 309,876

Income and deductions from a

trade or business:

Total receipts(1) 10,718,542 15,788,586 100,463,322

Business receipts 10,133,326 15,166,959 98,269,601

Interest on Government

obligations:

State and local 4,040 5,096 8,332

Net gain, noncapital

assets 19,386 188,795 499,205

Other receipts 561,790 427,735 1,686,184

Total deductions 10,349,891 15,089,276 97,643,549

Cost of goods sold 2,093,580 3,433,089 38,708,415

Compensation of officers 1,336,319 699,998 2,978,472

Salaries and wages 2,591,645 2,911,884 17,736,625

Repairs 82,841 506,067 1,947,792

Bad debts 13,161 26,240 184,618

Rent paid on business

property 379,552 1,244,516 6,419,251

Taxes paid 327,226 969,702 4,391,797

Interest paid 155,966 556,022 2,330,540

Amortization 134,418 59,372 397,839

Depreciation 259,885 978,548 3,064,320

Depletion — — —

Advertising 167,699 392,687 2,753,404

Pension, profit-sharing,

stock bonus, and

annuity plans 67,271 52,516 83,295

Employee benefit programs 59,043 134,684 584,563

Net loss, noncapital assets (*)780 2,318 115,960

Other deductions 2,680,506 3,121,631 15,946,657

Total receipts less total

deductions 368,650 699,310 2,819,773

Net income (less deficit)

from a trade or

business 364,610 694,214 2,811,441

Net income 1,297,195 1,654,907 5,903,122

Deficit 932,585 870,693 3,091,681

Portfolio income (less deficit)

distributed to

shareholders 577,876 178,295 716,127

Dividend income 12,523 7,872 28,536

Interest income 75,191 92,154 350,075

Royalty income 116,884 50 844

Net short-term capital gain

(less loss) -8,791 2,094 4,067

Net long-term capital gain

(less loss) 366,566 76,125 330,689

Other portfolio income

(net) 15,503 — (*)1,916

Real estate rental net income

(less deficit) 5,579 28,565 71,257

Net income 11,354 35,809 106,721

Deficit (*)5,775 7,243 35,464

Net income (less deficit)

from other rental

activity (*)577 10,419 26,060

Net income (*)2,950 10,419 26,697

Deficit 2,373 — 637

Total net income (less deficit) 948,642 911,494 3,624,885

Net income 1,805,290 1,743,348 6,539,636

Deficit 856,648 831,855 2,914,751

Leisure, accomodation, and food

service

Accomodation and food Other

services services

Food

services

Accom- and

Item modation drinking Total

places

(102) (103) (104)

Number of returns 21,995 125,096 150,437

Number of shareholders 58,621 251,256 242,773

Income and deductions from a

trade or business:

Total receipts(1) 16,365,277 84,098,045 57,997,629

Business receipts 15,787,255 82,482,346 57,226,366

Interest on Government

obligations:

State and local 5,267 3,065 6,569

Net gain, noncapital

assets 76,438 422,767 136,602

Other receipts 496,317 1,189,868 628,091

Total deductions 16,012,068 81,631,481 55,235,354

Cost of goods sold 3,298,094 35,410,320 24,250,570

Compensation of officers 456,815 2,521,657 3,753,832

Salaries and wages 2,879,102 14,857,523 8,731,235

Repairs 564,665 1,383,127 616,457

Bad debts 113,387 71,231 179,305

Rent paid on business

property 810,810 5,608,441 3,435,191

Taxes paid 1,048,035 3,343,762 2,021,745

Interest paid 1,240,897 1,089,643 799,879

Amortization 85,583 312,256 130,969

Depreciation 1,164,485 1,899,836 1,459,595

Depletion — — (*)317

Advertising 385,622 2,367,782 949,295

Pension, profit-sharing,

stock bonus, and

annuity plans 14,245 69,050 153,568

Employee benefit programs 112,924 471,640 494,272

Net loss, noncapital assets 8,619 107,341 25,436

Other deductions 3,828,785 12,117,872 8,233,688

Total receipts less total

deductions 353,209 2,466,564 2,762,275

Net income (less deficit)

from a trade or

business 347,942 2,463,499 2,755,706

Net income 1,267,382 4,635,740 3,901,912

Deficit 919,440 2,172,241 1,146,206

Portfolio income (less deficit)

distributed to

shareholders 278,549 437,578 926,889

Dividend income 14,290 14,245 18,140

Interest income 195,886 154,189 114,427

Royalty income 1 843 (*)5,799

Net short-term capital gain

(less loss) -1,676 5,743 -2,202

Net long-term capital gain

(less loss) 68,143 262,546 787,083

Other portfolio income

(net) (*)1,904 12 (*)3,641

Real estate rental net income

(less deficit) 54,773 16,485 47,229

Net income 77,158 29,563 48,748

Deficit 22,386 13,078 (*)1,518

Net income (less deficit)

from other rental

activity 1,379 24,682 4,107

Net income 2,016 24,682 (*)9,109

Deficit 637 — (*)5,002

Total net income (less deficit) 682,642 2,942,244 3,733,930

Net income 1,530,974 5,008,662 4,792,625

Deficit 848,332 2,066,418 1,058,694

Other services

Personal

Repair laundry

Item and and

maintenance services

(105) (106)

Number of returns 75,611 74,189

Number of shareholders 119,151 120,715

Income and deductions from a

trade or business:

Total receipts(1) 34,971,799 23,024,715

Business receipts 34,589,590 22,636,776

Interest on Government

obligations:

State and local 1,383 5,186

Net gain, noncapital

assets 69,173 67,429

Other receipts 311,653 315,324

Total deductions 33,470,453 21,755,495

Cost of goods sold 17,074,511 7,176,059

Compensation of officers 2,038,358 1,715,474

Salaries and wages 4,806,541 3,924,695

Repairs 289,681 326,776

Bad debts 63,733 115,572

Rent paid on business

property 1,573,660 1,861,530

Taxes paid 1,170,445 850,380

Interest paid 441,289 358,589

Amortization 52,760 78,198

Depreciation 728,071 731,524

Depletion (*)317 —

Advertising 487,334 461,962

Pension, profit-sharing,

stock bonus, and

annuity plans 66,049 87,519

Employee benefit programs 359,143 135,128

Net loss, noncapital assets (*)850 24,586

Other deductions 4,317,709 3,907,505

Total receipts less total

deductions 1,501,346 1,269,220

Net income (less deficit)

from a trade or

business 1,499,963 1,264,034

Net income 2,054,707 1,847,205

Deficit 554,743 583,171

Portfolio income (less deficit)

distributed to

shareholders 164,182 695,425

Dividend income 11,131 6,883

Interest income 44,914 68,548

Royalty income (*)5,799 —

Net short-term capital gain

(less loss) -942 -1,260

Net long-term capital gain

(less loss) 102,802 618,089

Other portfolio income

(net) 477 (*)3,164

Real estate rental net income

(less deficit) 29,336 17,894

Net income 29,920 18,828

Deficit (*)584 934

Net income (less deficit)

from other rental

activity 3,844 263

Net income (*)8,843 266

Deficit (*)4,998 4

Total net income (less deficit) 1,697,325 1,977,615

Net income 2,207,909 2,525,705

Deficit 510,584 548,090

Other

services

Religious,

grantmaking,

civic, Nature of

professional, business

Item and similar not

organizations allocable

(107) (108)

Number of returns (*)637 10,804

Number of shareholders (*)2,907 18,164

Income and deductions from a

trade or business:

Total receipts(1) (*)1,114 1,373,616

Business receipts — 1,321,394

Interest on Government

obligations:

State and local — (*)850

Net gain, noncapital

assets — 2,490

Other receipts 48,882

Total deductions (*)1,114 1,737,429

Cost of goods sold (*)9,406 661,022

Compensation of officers — 38,812

Salaries and wages — 97,762

Repairs — 10,554

Bad debts — (*)16,933

Rent paid on business

property — 46,943

Taxes paid 920 23,677

Interest paid (*)1 22,178

Amortization (*)11 (*)53

Depreciation — 20,908

Depletion — —

Advertising — 8,148

Pension, profit-sharing,

stock bonus, and

annuity plans — (*)9,287

Employee benefit programs — (*)3,431

Net loss, noncapital assets — —

Other deductions (*)8,474 777,721

Total receipts less total

deductions (*)-8,292 -363,812

Net income (less deficit)

from a trade or

business (*)-8,292 -364,662

Net income — 176,230

Deficit (*)8,292 540,892

Portfolio income (less deficit)

distributed to

shareholders (*)67,282 119,165

Dividend income (*)125 (*)1,758

Interest income (*)965 2,341

Royalty income — —

Net short-term capital gain

(less loss) — -427

Net long-term capital gain

(less loss) (*)66,192 (*)115,493

Other portfolio income

(net) — —

Real estate rental net income

(less deficit) — (*)2,789

Net income — (*)3,289

Deficit — 500

Net income (less deficit)

from other rental

activity — —

Net income — —

Deficit — —

Total net income (less deficit) (*)58,990 -242,709

Net income (*)59,010 293,167

Deficit (*)20 535,876

(*) Estimate should be used with caution because of the small number of

returns on which it is based.

(1) Includes interest on Governmnet obligations: State and local, which

is not reflected in net income (less deficit) from a trade or business.

NOTE: Detail may not add to total due to rounding.

Table 2.–S Corporations with Net Income: Total Income and Deductions,

Portfolio Income, Rental Income and Total Net Income, by Industrial

Division, Sector, and Major Group [All figures are estimates based on

samples–money amounts are in thousands of dollars] Raw materials and

energy production

Raw materials and

energy production

Agriculture,

forestry,

fishing,

and hunting

All

Item industries Total Total

(1) (2) (3)

Number of returns 1,669,485 50,197 39,481

Number of shareholders 3,104,572 129,351 102,250

Income and deductions

from a trade or

business:

Total receipts(1) 2,558,302,664 49,127,661 35,738,265

Business receipts 2,508,413,757 44,836,887 32,532,879

Interest on

Government

obligations:

State and local 845,187 29, 721 14,035

Net gain, noncapital

assets 6,019,147 468,652 183,296

Other receipts 43,024,473 3,792,401 3,008,056

Total deductions 2,390,643,859 44,488,051 33,097,500

Cost of goods sold 1,617,390,755 24,403,299 18,002,320

Compensation of

officers 96,585,442 1,114,672 811,580

Salaries and wages 240,612,898 3,612,842 2,833,295

Repairs 14,424,839 1,034,815 847,695

Bad debts 4,295,917 39,165 15,237

Rent paid on business

property 50,596,315 1,398,732 1,129,947

Taxes paid 49,190,744 1,058,153 644,747

Interest paid 25,529,547 911,870 587,195

Amortization 2,283,061 44,677 25,321

Depreciation 36,908,589 1,858,128 1,237,968

Depletion 200,447 121,978 (*)1,539

Advertising 23,407,241 169,086 149,154

Pension, profit-

sharing, stock

bonus, and annuity

plans 9,045,053 106,001 59,798

Employee benefit

programs 17,712,826 301,691 185,277

Net loss, noncapital

assets 195,804 3,325 1,919

Other deductions 202,264,384 8,309,615 6,564,508

Total receipts less

total deductions 167,658,705 4,639,611 2,640,765

Net income (less deficit)

from a trade or

business 166,813,518 4,609,890 2,626,730

Net income 170,957,703 4,725,994 2,698,307

Deficit 4,144,184 116,105 71,576

Portfolio income (less

deficit)

distributed to

shareholders 49,948,034 2,072,993 454,206

Dividend income 1,424,004 87,895 20,419

Interest income 9,027,467 405,742 185,370

Royalty income 533,945 92,765 8,331

Net short-term

capital gain

(less loss) 747,452 23,038 -847

Net long-term capital

gain (less loss) 38,083,586 1,457,091 235,329

Other portfolio

income (net) 131,579 6,462 5,603

Real estate rental net

income (less

deficit) 6,062,317 142,893 133,546

Net income 6,320,297 149,494 137,555

Deficit 257,980 6,602 4,009

Net income (less deficit)

from other rental

activity 1,149,040 25,420 19,228

Net income 1,185,593 25,690 19,431

Deficit 36,553 (*)270 (*)203

Total net income 223,972,910 6,851,195 3,233,710

Raw materials and energy production

Agriculture, forestry, fishing,

and hunting

Support

Forestry activities

Item Agriculture and and

production logging fishing,

hunting,

(4) (5) (6)

Number of returns 24,591 4,701 10,188

Number of shareholders 69,386 8,957 23,907

Income and deductions

from a trade or

business:

Total receipts(1) 21,545,505 4,294,491 9,898,270

Business receipts 18,623,255 4,245,232 9,664,393

Interest on

Government

obligations:

State and local 11,668 (*)1,595 772

Net gain, noncapital

assets 136,597 5,981 40,718

Other receipts 2,773,985 41,683 192,387

Total deductions 19,824,841 4,089,413 9,183,245

Cost of goods sold 9,608,490 2,451,129 5,942,700

Compensation of

officers 417,672 117,033 276,875

Salaries and wages 1,699,514 288,495 845,285

Repairs 505,662 145,135 196,898

Bad debts 8,103 (*)2,916 4,217

Rent paid on business

property 930,508 40,674 158,765

Taxes paid 412,800 77,640 154,306

Interest paid 422,969 58,183 106,043

Amortization 14,954 1,202 9,166

Depreciation 789,498 203,979 244,492

Depletion (*)1,357 182 —

Advertising 66,424 2,924 79,806

Pension, profit-

sharing, stock

bonus, and annuity

plans 32,016 7,598 20,184

Employee benefit

programs 128,087 16,364 40,826

Net loss, noncapital

assets 1,880 — (*)39

Other deductions 4,784,907 675,959 1,103,642

Total receipts less

total deductions 1,720,663 205,078 715,025

Net income (less deficit)

from a trade or

business 1,708,995 203,483 714,252

Net income 1,745,535 208,341 744,431

Deficit 36,539 4,858 30,179

Portfolio income (less

deficit)

distributed to

shareholders 275,189 57,794 121,222

Dividend income 11,750 (*)601 8,068

Interest income 133,251 16,525 33,594

Royalty income 7,703 (*)628 —

Net short-term

capital gain

(less loss) 2,456 (*)109 (*)-3,411

Net long-term capital

gain (less loss) 114,699 (*)37,641 82,989

Other portfolio

income (net) (*)5,330 (*)290 -17

Real estate rental net

income (less

deficit) 125,595 1,070 6,882

Net income 129,369 (*)1,130 7,056

Deficit (*)3,774 (*)59 (*)175

Net income (less deficit)

from other rental

activity 12,624 (*)728 (*)5,876

Net income 12,631 (*)728 (*)6,072

Deficit 7 — (*)196

Total net income 2,122,403 263,075 848,232

Raw materials and Goods

energy production production

Item Mining Utilities Total

(7) (8) (9)

Number of returns 9,353 1,363 304,571

Number of shareholders 24,682 2,419 571,669

Income and deductions

from a trade or

business:

Total receipts(1) 11,373,731 2,015,665 754,661,121

Business receipts 10,408,529 1,895,479 746,640,671

Interest on

Government

obligations:

State and local 15,072 614 205,401

Net gain, noncapital

assets 283,299 2,057 1,294,128

Other receipts 666,831 117,514 6,520,921

Total deductions 9,589,877 1,800,673 699,849,206

Cost of goods sold 5,104,914 1,296,066 528,815,450

Compensation of

officers 282,584 20,508 23,136,592

Salaries and wages 656,182 123,365 44,575,173

Repairs 175,540 11,580 3,187,292

Bad debts 20,723 3,205 981,146

Rent paid on business

property 209,756 59,029 8,949,375

Taxes paid 378,016 35,391 13,628,013

Interest paid 279,221 45,453 6,029,415

Amortization 16,499 2,857 418,859

Depreciation 549,027 71,132 13,733,742

Depletion 116,177 4,263 56,364

Advertising 17,923 2,009 4,941,222

Pension, profit-

sharing, stock

bonus, and annuity

plans 40,160 6,043 2,993,109

Employee benefit

programs 108,066 8,348 7,021,892

Net loss, noncapital

assets 1,406 — 44,667

Other deductions 1,633,683 111,424 41,336,894

Total receipts less

total deductions 1,783,854 214,992 54,811,915

Net income (less deficit)

from a trade or 1,768,782 214,378 54,606,514

business 1,802,649 225,038 55,075,191

Net income 33,867 (*)10,661 468,677

Deficit

Portfolio income (less

deficit)

distributed to

shareholders 1,214,409 404,378 10,423,275

Dividend income 66,712 764 260,978

Interest income 175,455 44,917 2,278,977

Royalty income 84,434 — 60,035

Net short-term

capital gain

(less loss) 24,083 -198 5,770

Net long-term capital

gain (less loss) 862,867 358,894 7,807,173

Other portfolio

income (net) 858 — 10,341

Real estate rental net

income (less

deficit) 10,265 -919 321,949

Net income 11,435 505 359,429

Deficit 1,169 1,424 37,480

Net income (less deficit)

from other rental

activity 6,059 (*)133 90,573

Net income 6,126 (*)133 98,126

Deficit 67 — 7,553

Total net income 2,999,515 617,970 65,442,311

Goods production

Construction

Building,

developing, Heavy

Item Total and general construction

contracting

(10) (11) (12)

Number of returns 209,337 78,708 9,250

Number of shareholders 346,456 143,427 17,471

Income and deductions

from a trade or

business:

Total receipts(1) 340,465,492 152,847,986 44,411,233

Business receipts 336,802,301 150,961,306 43,595,159

Interest on

Government

obligations:

State and local 81,579 51,367 12,546

Net gain, noncapital

assets 464,842 102,620 206,017

Other receipts 3,116,770 1,732,693 597,511

Total deductions 318,530,597 144,066,241 41,722,993

Cost of goods sold 251,172,150 124,784,415 32,888,856

Compensation of

officers 10,314,706 3,205,537 980,361

Salaries and wages 15,458,756 4,059,407 1,707,562

Repairs 1,252,155 285,512 262,191

Bad debts 376,528 128,642 49,137

Rent paid on business

property 4,130,799 877,749 977,075

Taxes paid 5,548,494 1,391,718 664,412

Interest paid 2,127,664 1,036,718 289,554

Amortization 99,768 62,005 6,798

Depreciation 4,415,225 783,276 1,282,078

Depletion 21,406 265 19,435

Advertising 949,822 344,458 36,910

Pension, profit-

sharing, stock

bonus, and annuity

plans 1,097,939 264,424 253,377

Employee benefit

programs 2,700,729 529,900 341,750

Net loss, noncapital

assets 11,437 2,557 5,152

Other deductions 18,853,020 6,309,658 1,958,344

Total receipts less

total deductions 21,934,895 8,781,745 2,688,240

Net income (less deficit)

from a trade or

business 21,853,316 8,730,379 2,675,694

Net income 22,022,337 8,865,309 2,698,619

Deficit 169,022 134,930 22,925

Portfolio income (less

deficit)

distributed to

shareholders 2,941,327 1,876,906 347,590

Dividend income 112,583 43,690 37,638

Interest income 1,095,119 620,606 199,847

Royalty income 5,758 407 3,200

Net short-term

capital gain

(less loss) 17,009 11,279 3,683

Net long-term capital

gain (less loss) 1,702,177 1,193,917 101,962

Other portfolio

income (net) 8,680 7,007 (*)1,260

Real estate rental net

income (less

deficit) 203,793 173,423 15,949

Net income 231,488 198,527 16,619

Deficit 27,695 25,104 670

Net income (less deficit)

from other rental

activity 20,905 4,321 14,199

Net income 24,082 5,785 15,815

Deficit 3,177 (*)1,465 1,616

Total net income 25,019,340 10,785,028 3,053,432

Goods production

Construction Manufacturing

Special

Item trade Total Food

contractors manufacturing

(13) (14) (15)

Number of returns 121,383 95,233 4,905

Number of shareholders 185,559 225,213 21,158

Income and deductions

from a trade or

business:

Total receipts(1) 143,206,273 414,195,629 44,753,289

Business receipts 142,245,836 409,838,370 44,166,694

Interest on

Government

obligations:

State and local 17,667 123,822 10,231

Net gain, noncapital

assets 156,204 829,286 67,690

Other receipts 786,566 3,404,150 508,673

Total deductions 132,741,364 381,318,609 42,374,069

Cost of goods sold 93,498,878 277,643,301 32,349,564

Compensation of

officers 6,128,808 12,821,886 641,261

Salaries and wages 9,691,787 29,116,417 2,765,895

Repairs 704,452 1,935,137 237,154

Bad debts 198,749 604,618 35,684

Rent paid on business

property 2,275,975 4,818,576 476,945

Taxes paid 3,492,364 8,079,519 561,955

Interest paid 801,392 3,901,751 354,220

Amortization 30,965 319,091 25,970

Depreciation 2,349,871 9,318,517 862,742

Depletion (*)1,706 34,958 —

Advertising 568,454 3,991,400 850,646

Pension, profit-

sharing, stock

bonus, and annuity

plans 580,138 1,895,170 162,441

Employee benefit

programs 1,829,079 4,321,163 349,524

Net loss, noncapital

assets 3,728 33,230 936

Other deductions 10,585,018 22,483,874 2,699,130

Total receipts less

total deductions 10,464,909 32,877,020 2,379,220

Net income (less deficit)

from a trade or

business 10,447,243 32,753,198 2,368,988

Net income 10,458,409 33,052,854 2,374,839

Deficit 11,167 299,655 5, 851

Portfolio income (less

deficit)

distributed to

shareholders 716,831 7,481,948 311,223

Dividend income 31,255 148,395 16,710

Interest income 274,665 1,183,859 103,388

Royalty income (*)2,151 54,277 2,119

Net short-term

capital gain

(less loss) 2,047 -11,239 -1,673

Net long-term capital

gain (less loss) 406,299 6,104,996 190,507

Other portfolio

income (net) (*)413 1,661 172

Real estate rental net

income (less

deficit) 14,421 118,156 11,945

Net income 16,342 127,941 12,795

Deficit 1,921 9,785 850

Net income (less deficit)

from other rental

activity 2,385 69,668 2,097

Net income 2,481 74,044 2,206

Deficit 96 4,376 109

Total net income 11,180,879 40,422,970 2,694,253

Goods production

Manufacturing

Beverage

and Textile

tobacco mills and Apparel

Item product textile manufac-

manufac- product turing

turing mills

(16) (17) (18)

Number of returns 642 2,526 4,236

Number of shareholders 2,786 6,090 7,755

Income and deductions

from a trade or

business:

Total receipts(1) 6,963,541 14,148,620 20,515,181

Business receipts 6,855,892 13,910,978 20,201,681

Interest on

Government

obligations:

State and local 2,443 4,049 4,349

Net gain, noncapital

assets 7,838 13,993 32,757

Other receipts 97,369 216,600 276,394

Total deductions 6,386,331 13,229,020 19,380,044

Cost of goods sold 3,991,968 10,463,486 14,599,100

Compensation of

officers 123,390 457,893 598,703

Salaries and wages 661,386 801,842 1,547,164

Repairs 57,431 43,989 42,412

Bad debts 5,897 35,866 26,480

Rent paid on business

property 59,367 111,407 250,279

Taxes paid 238,211 234,823 368,621

Interest paid 76,047 133,602 264,766

Amortization 14,145 6,238 4,863

Depreciation 235,016 265,717 187,830

Depletion 801 — —

Advertising 371,763 60,812 199,147

Pension, profit-

sharing, stock

bonus, and annuity

plans 27,589 43,823 42,919

Employee benefit

programs 87,744 94,914 142,292

Net loss, noncapital

assets (*)438 (*)1,076 370

Other deductions 435,139 473,530 1,105,100

Total receipts less

total deductions 577,210 916,601 1,135,137

Net income (less deficit)

from a trade or

business 574,767 912,552 1,130,789

Net income 575,415 920,716 1,134,311

Deficit 648 8,165 (*)3,522

Portfolio income (less

deficit)

distributed to

shareholders 41,587 100,026 299,275

Dividend income 2,541 4,773 7,668

Interest income 28,559 41,613 34,255

Royalty income 1 1,650 12,100

Net short-term

capital gain

(less loss) -72 1,537 1,335

Net long-term capital

gain (less loss) 10,534 50,838 243,547

Other portfolio

income (net) 25 (*)-385 369

Real estate rental net

income (less

deficit) 6,299 2,761 7,375

Net income 6,349 2,902 7,766

Deficit 50 141 (*)392

Net income (less deficit)

from other rental

activity (*)3,974 (*)3,766 1,068

Net income (*)4,837 (*)3,767 1,068

Deficit 862 (*)1 —

Total net income 626,628 1,019,105 1,438,506

Goods production

Manufacturing

Leather

and Wood

Item allied product Paper

product manufac- manufac-

manufac- turing turing

turing

(19) (20) (21)

Number of returns 286 4,035 1,214

Number of shareholders 550 10,839 4,518

Income and deductions

from a trade or

business:

Total receipts(1) 1,781,157 20,304,732 13,106,905

Business receipts 1,776,249 20,136,836 12,987,061

Interest on

Government

obligations:

State and local (*)535 2,883 7,079

Net gain, noncapital

assets 174 25,620 37,912

Other receipts 4,200 139,394 74,854

Total deductions 1,643,681 18,750,535 12,202,547

Cost of goods sold 1,186,337 15,004,914 8,990,111

Compensation of

officers 56,270 408,797 348,248

Salaries and wages 127,642 969,606 964,139

Repairs 5,478 82,671 42,503

Bad debts 2,053 18,470 20,811

Rent paid on business

property 20,705 125,410 197,554

Taxes paid 33,800 378,156 245,997

Interest paid 29,961 169,749 148,361

Amortization 600 8,981 8,057

Depreciation 19,950 404,555 400,377

Depletion — (*)20,440 (*)327

Advertising 32,959 91,941 37,335

Pension, profit-

sharing, stock

bonus, and annuity

plans 4,108 82,050 60,444

Employee benefit

programs 21,161 178,814 134,076

Net loss, noncapital

assets 3 5,198 528

Other deductions 102,654 800,784 603,679

Total receipts less

total deductions 137,476 1,554,197 904,358

Net income (less deficit)

from a trade or

business 136,941 1,551,314 897,279

Net income 137,400 1,557,386 915,470

Deficit 459 6,072 (*)18,191

Portfolio income (less

deficit)

distributed to

shareholders 8,180 164,488 171,967

Dividend income (*)2,212 2,601 4,187

Interest income 5,035 56,283 42,025

Royalty income 27 (*)72 130

Net short-term

capital gain

(less loss) 23 14 1,278

Net long-term capital

gain (less loss) 884 105,517 124,347

Other portfolio

income (net) — (2) —

Real estate rental net

income (less

deficit) 44 10,059 739

Net income 53 10,410 1,727

Deficit 9 351 987

Net income (less deficit)

from other rental

activity — 3,851 (*)838

Net income — 4,009 (*)1,208

Deficit — 158 370

Total net income 145,165 1,729,712 1,070,824

Goods production

Manufacturing

Printing Petroleum

and and coal Chemical

Item related products manufac-

support manufac- turing

activities turing

(22) (23) (24)

Number of returns 12,453 326 2,477

Number of shareholders 20,595 645 9,551

Income and deductions

from a trade or

business:

Total receipts(1) 23,835,501 3,736,009 14,861,667

Business receipts 23,629,421 3,639,544 14,656,958

Interest on

Government

obligations:

State and local 4,657 (*)387 4,014

Net gain, noncapital

assets 68,965 33,819 35,270

Other receipts 132,458 62,260 165,424

Total deductions 21,970,059 3,459,704 13,570,140

Cost of goods sold 13,852,464 2,718,228 8,891,993

Compensation of

officers 1,098,554 64,344 478,227

Salaries and wages 2,210,683 1,265,918

Repairs 159,743 218,728 105,285

Bad debts 60,477 39,924 37,763

Rent paid on business 11,596

property 486,045 31,942 209,829

Taxes paid 606,578 44,898 277,163

Interest paid 283,736 37,158 150,522

Amortization 34,358 1,451 37,503

Depreciation 821,815 97,397 351,971

Depletion — 1,049 1,264

Advertising 219,798 15,969 232,492

Pension, profit-

sharing, stock

bonus, and annuity

plans 121,425 13,009 73,927

Employee benefit

programs 254,232 24,149 145,696

Net loss, noncapital

assets 1,282 1 1,159

Other deductions 1,758,868 139,862 1,309,429

Total receipts less

total deductions 1,865,441 276,305 1,291,526

Net income (less deficit)

from a trade or

business 1,860,784 275,918 1,287,512

Net income 1,895,057 275,918 1,334,063

Deficit (*)34,273 — 46,552

Portfolio income (less

deficit)

distributed to

shareholders 621,301 65,723 1,683,506

Dividend income 5,908 (*)471 8,590

Interest income 79,574 6,456 57,297

Royalty income 4 — 5,496

Net short-term

capital gain

(less loss) 1,959 (*)1,225 -24,125

Net long-term capital

gain (less loss) 533,857 57,572 1,636,104

Other portfolio

income (net) (2) — (*)145

Real estate rental net

income (less

deficit) -583 813 985

Net income 3,246 813 1,147

Deficit 3,830 — 161

Net income (less deficit)

from other rental

activity (*)4,270 (*)237 2,291

Net income (*)4,479 (*)237 2,500

Deficit 209 — 209

Total net income 2,485,772 342,692 2,974,295

Goods production

Manufacturing

Non-

Plastic metallic Primary

and rubber mineral metal

Item products products manufac-

manufac- manufac- turing

turing turing

(25) (26) (27)

Number of returns 5,026 3,551 2,155

Number of shareholders 13,883 6,936 5,365

Income and deductions

from a trade or

business:

Total receipts(1) 27,809,701 12,757,614 18,929,390

Business receipts 27,529,947 12,641,918 18,811,020

Interest on

Government

obligations:

State and local 10,795 3,457 1,284

Net gain, noncapital

assets 77,368 29,920 13,241

Other receipts 191,591 82,318 103,844

Total deductions 25,359,139 11,596,808 17,984,495

Cost of goods sold 18,507,445 7,971,707 15,042,381

Compensation of

officers 884,564 338,076 309,953

Salaries and wages 1,701,846 947,849 754,464

Repairs 125,199 116,926 105,254

Bad debts 37,837 27,318 9,334

Rent paid on business

property 279,662 225,993 93,965

Taxes paid 559,180 309,031 258,544

Interest paid 304,409 113,288 140,771

Amortization 22,184 12,265 8,813

Depreciation 888,545 440,450 329,120

Depletion 1,040 9,547 —

Advertising 157,633 110,431 23,295

Pension, profit-

sharing, stock

bonus, and annuity

plans 122,341 64,767 79,078

Employee benefit

programs 328,217 145,456 151,250

Net loss, noncapital

assets 5,142 (*)254 (*)1,237

Other deductions 1,433,895 763,450 677,036

Total receipts less

total deductions 2,450,561 1,160,806 944,895

Net income (less deficit)

from a trade or

business 2,439,767 1,157,349 943,611

Net income 2,455,844 1,158,665 946,443

Deficit 16,077 1,316 (*)2,832

Portfolio income (less

deficit)

distributed to

shareholders 195,960 51,754 76,149

Dividend income 9,573 1,882 3,460

Interest income 71,045 38,817 40,054

Royalty income 3,203 97 346

Net short-term

capital gain

(less loss) -178 663 2,473

Net long-term capital

gain (less loss) 112,241 10,246 29,890

Other portfolio

income (net) (*)76 50 -75

Real estate rental net

income (less

deficit) 7,444 6,419 6,044

Net income 7,882 6,541 6,098

Deficit 438 122 53

Net income (less deficit)

from other rental

activity 942 197 3,332

Net income (*)1,288 275 (*)3,518

Deficit 346 78 187

Total net income 2,644,113 1,215,719 1,029,135

Goods production

Manufacturing

Computer

Fabricated and elec-

metal Machinery tronic

Item products manufac- products

manufac- turing manufac-

turing turing

(28) (29) (30)

Number of returns 16,486 7,597 3,806

Number of shareholders 37,716 18,420 8,667

Income and deductions

from a trade or

business:

Total receipts(1) 65,116,277 24,114,832 16,720,085

Business receipts 64,454,638 23,891,419 16,643,428

Interest on

Government

obligations:

State and local 23,532 13,247 4,685

Net gain, noncapital

assets 164,543 41,039 14,618

Other receipts 473,563 169,128 57,354

Total deductions 58,853,217 21,765,141 15,054,002

Cost of goods sold 42,144,208 15,263,782 10,721,767

Compensation of

officers 2,768,899 995,048 585,566

Salaries and wages 4,248,972 1,794,362 1,471,948

Repairs 291,886 88,417 45,293

Bad debts 96,657 26,392 18,735

Rent paid on business

property 829,563 253,165 186,470

Taxes paid 1,498,774 531,104 284,150

Interest paid 623,786 261,400 100,743

Amortization 35,379 15,819 13,722

Depreciation 1,791,715 564,771 292,058

Depletion — — 106

Advertising 316,949 183,608 172,298

Pension, profit-

sharing, stock

bonus, and annuity

plans 410,403 161,699 86,975

Employee benefit

programs 867,973 330,233 115,681

Net loss, noncapital

assets 4,584 561 5,795

Other deductions 2,923,468 1,294,780 952,696

Total receipts less

total deductions 6,263,060 2,349,691 1,666,083

Net income (less deficit)

from a trade or

business 6,239,528 2,336,444 1,661,398

Net income 6,267,593 2,341,951 1,668,006

Deficit 28,065 5,507 (*)6,609

Portfolio income (less

deficit)

distributed to

shareholders 1,232,519 479,189 392,576

Dividend income 26,836 9,937 7,350

Interest income 197,003 91,830 50,456

Royalty income 2,974 8,858 2,497

Net short-term

capital gain

(less loss) 2,130 2,110 758

Net long-term capital

gain (less loss) 1,003,323 366,425 331,092

Other portfolio

income (net) 253 29 (*)423

Real estate rental net

income (less

deficit) 30,978 6,919 1,722

Net income 31,693 7,316 1,722

Deficit 715 397 —

Net income (less deficit)

from other rental

activity 15,109 13,861 (*)1,519

Net income 16,042 14,109 (*)1,520

Deficit (*)933 (*)248 (*)1

Total net income 7,518,133 2,836,414 2,057,214

Goods production

Manufacturing

Electrical

equipment, Transpor- Furniture

appliance, tation and

Item and equipment related

component manufac- products

manufac- turing manufac-

turing turing

(31) (32) (33)

Number of returns 2,866 3,514 4,037

Number of shareholders 6,058 7,820 8,662

Income and deductions

from a trade or

business:

Total receipts(1) 16,509,216 22,131,513 13,205,041

Business receipts 16,376,388 21,904,002 13,080,858

Interest on

Government

obligations:

State and local 7,094 11,115 807

Net gain, noncapital

assets 12,733 59,836 3,459

Other receipts 113,001 156,561 119,916

Total deductions 15,040,794 20,324,811 12,327,242

Cost of goods sold 10,621,026 16,195,416 8,941,853

Compensation of

officers 486,477 363,751 399,545

Salaries and wages 1,497,840 1,196,886 960,330

Repairs 66,438 63,132 50,245

Bad debts 22,620 18,586 28,216

Rent paid on business

property 151,421 157,319 180,237

Taxes paid 284,612 398,030 291,368

Interest paid 126,415 158,053 100,851

Amortization 9,582 14,046 3,981

Depreciation 284,834 373,468 190,831

Depletion 57 — —

Advertising 209,993 113,851 155,831

Pension, profit-

sharing, stock

bonus, and annuity

plans 82,783 73,694 39,752

Employee benefit

programs 199,860 266,686 125,932

Net loss, noncapital

assets 1,770 704 (*)681

Other deductions 995,068 931,190 857,588

Total receipts less

total deductions 1,468,422 1,806,702 877,799

Net income (less deficit)

from a trade or

business 1,461,328 1,795,588 876,992

Net income 1,477,438 1,833,849 877,927

Deficit 16,110 38,262 (*)935

Portfolio income (less

deficit)

distributed to

shareholders 123,504 815,555 29,756

Dividend income 6,021 10,333 1,401

Interest income 44,814 74,034 25,625

Royalty income 4,955 4,471 35

Net short-term

capital gain

(less loss) 3,245 -13 (*)167

Net long-term capital

gain (less loss) 64,482 726,718 1,954

Other portfolio

income (net) -14 11 574

Real estate rental net

income (less

deficit) 1,681 6,176 1,603

Net income 2,143 6,863 1,603

Deficit (*)462 687 —

Net income (less deficit)

from other rental

activity 2,178 7,918 —

Net income 2,178 8,443 —

Deficit — 525 —

Total net income 1,588,690 2,625,237 908,351

Goods Distribution and

production transportation of goods

Manufac- Wholesale and

turing retail trade

Miscella-

neous

Item manufac- Total Total

turing

(34) (35) (36)

Number of returns 13,095 353,067 300,746

Number of shareholders 27,199 651,187 562,886

Income and deductions

from a trade or

business:

Total receipts(1) 32,898,359 1,168,453,371 1,100,979,316

Business receipts 32,543,438 1,153,741,650 1,087,612,239

Interest on

Government

obligations:

State and local 7,179 152,260 140,212

Net gain, noncapital

assets 88,492 1,800,272 1,112,737

Other receipts 259,249 12,759,190 12,114,127

Total deductions 30,046,829 1,126,799,754 1,063,916,768

Cost of goods sold 20,185,550 889,356,213 862,406,191

Compensation of

officers 1,414,321 22,156,078 20,074,381

Salaries and wages 3,008,917 80,230,837 71,167,712

Repairs 165,757 5,064,135 3,833,637

Bad debts 63,826 1,637,771 1,514,128

Rent paid on business

property 491,299 18,684,393 15,061,750

Taxes paid 674,524 15,438,057 13,298,820

Interest paid 323,915 8,046,216 7,284,776

Amortization 41,134 562,695 522,539

Depreciation 515,353 10,275,772 7,622,411

Depletion 328 16,867 16,457

Advertising 434,647 10,107,820 9,916,340

Pension, profit-

sharing, stock

bonus, and annuity

plans 141,942 2,105,312 1,890,867

Employee benefit

programs 357,274 5,054,449 4,276,900

Net loss, noncapital

assets 1,511 36,971 35,132

Other deductions 2,226,530 58,026,169 44,994,728

Total receipts less

total deductions 2,851,530 41,653,618 37,062,548

Net income (less deficit)

from a trade or

business 2,844,351 41,601,358 36,922,335

Net income 2,904,562 42,230,649 37,617,940

Deficit 60,211 729,291 695,605

Portfolio income (less

deficit)

distributed to

shareholders 617,710 8,288,157 7,846,174

Dividend income 15,939 217,884 195,943

Interest income 95,697 1,900,622 1,716,773

Royalty income 5,241 114,625 114,215

Net short-term

capital gain

(less loss) -4,095 46,417 29,001

Net long-term capital

gain (less loss) 504,920 5,998,434 5,781,213

Other portfolio

income (net) 7 10,174 9,030

Real estate rental net

income (less

deficit) 8,732 351,714 312,474

Net income 8,871 380,954 341,363

Deficit 139 29,239 28,889

Net income (less deficit)

from other rental

activity 2,219 207,041 138,690

Net income 2,360 216,285 143,200

Deficit 141 9,245 4,509

Total net income 3,473,012 50,348,270 45,219,674

Distribution and transportation of goods

Wholesale and retail trade

Wholesale trade

Durable Nondurable

Item Total goods goods

(37) (38) (39)

Number of returns 96,734 56,621 40,113

Number of shareholders 196,374 114,839 81,535

Income and deductions

from a trade or

business:

Total receipts(1) 479,215,541 230,534,726 248,680,815

Business receipts 474,340,877 227,934,189 246,406,688

Interest on

Government

obligations:

State and local 90,788 38,294 52,495

Net gain, noncapital

assets 620,454 274,009 346,446

Other receipts 4,163,422 2,288,235 1,875,187

Total deductions 460,445,356 219,104,326 241,341,031

Cost of goods sold 376,089,960 174,296,581 201,793,379

Compensation of

officers 10,230,721 5,813,728 4,416,993

Salaries and wages 29,234,903 15,990,646 13,244,257

Repairs 1,580,787 724,307 856,480

Bad debts 805,558 493,911 311,647

Rent paid on business

property 4,777,378 2,520,670 2,256,708

Taxes paid 5,834,738 2,446,921 3,387,817

Interest paid 3,308,021 1,773,916 1,534,105

Amortization 234,794 69,918 164,876

Depreciation 3,433,785 1,909,280 1,524,505

Depletion 7,435 (*)5,825 1,609

Advertising 2,343,025 1,226,169 1,116,857

Pension, profit-

sharing, stock

bonus, and annuity

plans 1,127,568 669,723 457,845

Employee benefit

programs 1,837,567 1,069,241 768,326

Net loss, noncapital

assets 15,690 5,133 10,557

Other deductions 19,583,425 10,088,356 9,495,069

Total receipts less

total deductions 18,770,185 11,430,400 7,339,785

Net income (less deficit)

from a trade or

business 18,679,397 11,392,107 7,287,290

Net income 19,094,276 11,541,464 7,552,812

Deficit 414,880 149,358 265,522

Portfolio income (less

deficit)

distributed to

shareholders 3,936,637 1,779,942 2,156,695

Dividend income 101,980 50,548 51,432

Interest income 810,022 442,475 367,548

Royalty income 70,598 34,579 36,019

Net short-term

capital gain

(less loss) 1,470 -550 2,020

Net long-term capital

gain (less loss) 2,946,279 1,247,146 1,699,133

Other portfolio

income (net) 6,287 5,745 542

Real estate rental net

income (less

deficit) 147,438 55,323 92,115

Net income 160,139 60,301 99,839

Deficit 12,702 4,977 7,724

Net income (less deficit)

from other rental

activity 78,744 66,405 12,339

Net income 80,190 67,420 12,770

Deficit 1,446 (*)1,015 (*)430

Total net income 22,842,215 13,293,776 9,548,439

Distribution and

transportation of goods

Wholesale and retail trade

Retail trade

Motor Furniture

vehicle and home

Item Total and parts furnish-

dealers ings

(40) (41) (42)

Number of returns 203,596 29,422 12,918

Number of shareholders 366,015 53,153 24,217

Income and deductions

from a trade or

business:

Total receipts(1) 621,372,875 328,234,248 25,254,113

Business receipts 612,891,452 323,167,445 24,988,355

Interest on

Government

obligations:

State and local 49,424 12,443 4,313

Net gain, noncapital

assets 486,622 193,436 3,408

Other receipts 7,945,377 4,860,923 258,037

Total deductions 603,099,254 322,669,546 24,032,568

Cost of goods sold 486,070,228 282,700,768 15,583,595

Compensation of

officers 9,840,934 3,025,932 786,912

Salaries and wages 41,913,428 15,360,468 2,696,190

Repairs 2,250,723 676,163 137,428

Bad debts 708,451 202,308 59,911

Rent paid on business

property 10,277,064 2,662,059 981,361

Taxes paid 7,460,052 2,524,964 507,169

Interest paid 3,972,289 2,084,990 132,277

Amortization 287,627 73,149 10,271

Depreciation 4,186,091 1,290,738 178,320

Depletion (*)9,022 (*)1,336 —

Advertising 7,562,536 3,097,286 927,186

Pension, profit-

sharing, stock

bonus, and annuity

plans 763,095 206,880 59,943

Employee benefit

programs 2,431,988 1,077,278 126,336

Net loss, noncapital

assets 19,442 6,666 (*)2,239

Other deductions 25,346,283 7,678,564 1,843,429

Total receipts less

total deductions 18,273,621 5,564,701 1,221,545

Net income (less deficit)

from a trade or

business 18,224,197 5,552,258 1,217,232

Net income 18,503,780 5,625,328 1,241,369

Deficit 279,583 73,070 (*)24,137

Portfolio income (less

deficit)

distributed to

shareholders 3,907,102 1,109,356 206,179

Dividend income 93,939 13,235 7,379

Interest income 904,480 369,478 67,267

Royalty income 43,617 (*)258 1,218

Net short-term

capital gain

(less loss) 27,389 13,036 -595

Net long-term capital

gain (less loss) 2,834,934 712,157 130,894

Other portfolio

income (net) 2,743 (*)1,193 (*)17

Real estate rental net

income (less

deficit) 164,293 42,386 3,655

Net income 180,480 45,016 3,655

Deficit 16,187 2,630 —

Net income (less deficit)

from other rental

activity 60,016 27,765 (*)21,304

Net income 63,010 30,009 (*)21,304

Deficit 2,994 2,244 —

Total net income 22,355,608 6,731,765 1,448,370

Distribution and

transportation of goods

Wholesale and retail trade

Retail trade

Building

material

Electro- and garden Food

Item nics and equipment and

appliance and beverage

supplies

dealers

(43) (44) (45)

Number of returns 10,045 13,669 32,732

Number of shareholders 16,948 29,065 61,715

Income and deductions

from a trade or

business:

Total receipts(1) 18,621,776 35,198,619 70,644,422

Business receipts 18,329,937 34,952,643 69,734,655

Interest on

Government

obligations:

State and local 4,588 1,738 11,846

Net gain, noncapital

assets 18,894 30,658 64,189

Other receipts 268,357 213,580 833,731

Total deductions 17,699,967 33,669,650 68,460,497

Cost of goods sold 13,156,347 25,003,175 51,632,265

Compensation of

officers 494,372 941,053 1,064,252

Salaries and wages 1,826,113 3,211,948 6,244,728

Repairs 45,898 178,517 523,731

Bad debts 28,285 90,620 59,273

Rent paid on business

property 334,903 610,120 1,660,304

Taxes paid 295,847 624,352 1,185,568

Interest paid 80,756 306,014 353,533

Amortization 11,107 12,770 66,717

Depreciation 119,778 368,088 748,798

Depletion — 5,606 (*)2,080

Advertising 221,242 291,122 667,373

Pension, profit-

sharing, stock

bonus, and annuity

plans 40,991 88,410 127,422

Employee benefit

programs 67,329 193,278 434,734

Net loss, noncapital

assets (*)1,649 729 2,512

Other deductions 975,351 1,743,849 3,687,208

Total receipts less

total deductions 921,808 1,528,969 2,183,925

Net income (less deficit)

from a trade or

business 917,220 1,527,231 2,172,079

Net income 921,755 1,533,821 2,216,386

Deficit (*)4,534 (*)6,590 44,307

Portfolio income (less

deficit)

distributed to

shareholders 487,079 107,171 364,849

Dividend income 3,800 17,816 18,069

Interest income 30,320 67,198 166,423

Royalty income — 86 529

Net short-term

capital gain

(less loss) 12,003 3,722 -705

Net long-term capital

gain (less loss) 440,956 18,350 180,487

Other portfolio

income (net) — — 46

Real estate rental net

income (less

deficit) (*)1,774 7,333 44,061

Net income (*)1,809 7,897 45,359

Deficit 34 564 (*)1,299

Net income (less deficit)

from other rental

activity (*)176 1,994 (*)1,068

Net income (*)176 2,546 (*)1,068

Deficit — 552 —

Total net income 1,406,250 1,643,728 2,582,057

Distribution and

transportation of goods

Wholesale and retail trade

Retail trade

Clothing

Health and Gasoline and cloth-

Item personal stations ing acces-

care sories

(46) (47) (48)

Number of returns 12,830 13,385 15,271

Number of shareholders 19,765 24,481 26,022

Income and deductions

from a trade or

business:

Total receipts(1) 17,772,800 39,262,806 13,099,657

Business receipts 17,667,341 38,987,159 13,014,697

Interest on

Government

obligations:

State and local (*)2,044 919 2,633

Net gain, noncapital

assets 11,655 7,749 (*)8,168

Other receipts 91,760 266,980 74,159

Total deductions 16,817,511 38,484,042 12,343,121

Cost of goods sold 11,816,969 32,562,813 7,733,157

Compensation of

officers 641,204 311,269 478,496

Salaries and wages 1,921,397 2,083,770 1,424,041

Repairs 53,618 214,937 50,770

Bad debts 47,493 17,398 30,522

Rent paid on business

property 461,359 559,992 716,914

Taxes paid 271,129 500,712 262,034

Interest paid 75,001 252,371 97,273

Amortization 16,451 26,199 6,432

Depreciation 99,061 469,212 86,523

Depletion — — —

Advertising 275,838 80,539 313,854

Pension, profit-

sharing, stock

bonus, and annuity

plans 40,009 22,230 38,542

Employee benefit

programs 90,825 76,369 45,264

Net loss, noncapital

assets 72 (*)1,684 1,555

Other deductions 1,007,087 1,304,548 1,057,743

Total receipts less

total deductions 955,289 778,764 756,536

Net income (less deficit)

from a trade or

business 953,245 777,845 753,904

Net income 954,533 800,103 784,956

Deficit (*)1,288 22,258 (*)31,052

Portfolio income (less

deficit)

distributed to

shareholders 59,275 276,625 121,861

Dividend income 2,455 2,089 2,125

Interest income 22,785 55,692 18,113

Royalty income — 373 4,463

Net short-term

capital gain

(less loss) (*)-614 -672 (*)-289

Net long-term capital

gain (less loss) 34,649 219,053 97,450

Other portfolio

income (net) — (*)90 —

Real estate rental net

income (less

deficit) (*)6,420 23,344 664

Net income (*)6,827 23,968 788

Deficit (*)406 (*)624 124

Net income (less deficit)

from other rental

activity 10 5,435 (*)51

Net income 10 5,435 225

Deficit — — (*)174

Total net income 1,018,951 1,083,250 876,479

Distribution and transportation

of goods

Wholesale and rental trade

Retail trade

Sporting

goods, General Miscella-

Item hobby, merchan- neous

book and dise store

music retailers

(49) (50) (51)

Number of returns 9,393 4,096 36,367

Number of shareholders 17,574 7,855 63,189

Income and deductions

from a trade or

business:

Total receipts(1) 9,992,765 7,038,574 37,596,959

Business receipts 9,785,689 6,935,505 36,917,931

Interest on

Government

obligations:

State and local (*)458 (*)1,202 4,500

Net gain, noncapital

assets (*)37,735 6,490 57,325

Other receipts 168,883 95,376 617,204

Total deductions 9,478,563 6,687,251 35,394,101

Cost of goods sold 6,241,558 4,535,139 24,186,779

Compensation of

officers 268,644 141,962 1,222,943

Salaries and wages 943,563 804,454 3,550,394

Repairs 42,122 35,942 201,331

Bad debts 20,974 8,696 37,265

Rent paid on business

property 459,035 239,366 1,334,518

Taxes paid 179,957 123,608 658,191

Interest paid 93,246 56,161 314,008

Amortization 3,934 5,405 27,140

Depreciation 95,163 67,845 390,028

Depletion — — —

Advertising 171,251 182,934 425,432

Pension, profit-

sharing, stock

bonus, and annuity

plans 15,699 11,440 63,463

Employee benefit

programs 36,923 27,561 138,678

Net loss, noncapital

assets (*)629 (*)271 1,162

Other deductions 905,867 446,466 2,842,769

Total receipts less

total deductions 514,202 351,323 2,202,858

Net income (less deficit)

from a trade or

business 513,744 350,121 2,198,359

Net income 547,395 351,692 2,226,504

Deficit (*)33,651 1,571 28,146

Portfolio income (less

deficit)

distributed to

shareholders 667,727 11,824 227,013

Dividend income 2,986 (*)991 21,638

Interest income 11,620 8,049 50,440

Royalty income 1,150 — (*)30,263

Net short-term

capital gain

(less loss) (*)-456 2,512 193

Net long-term capital

gain (less loss) (*)652,427 (*)272 123,154

Other portfolio

income (net) — — (*)1,324

Real estate rental net

income (less

deficit) (*)118 2,812 17,325

Net income (*)768 5,528 24,158

Deficit (*)650 (*)2,716 (*)6,834

Net income (less deficit)

from other rental

activity 59 69 (*)2,101

Net income 59 69 (*)2,101

Deficit — — —

Total net income 1,181,648 364,827 2,444,797

Distribution and

transportation of goods

Wholesale and

rental trade

Transpor-

Retail tation and

trade ware-

housing

Wholesale

Nonstore and retail

Item retailers trade not Total

allocable

(52) (53) (54)

Number of returns 13,468 416 52,321

Number of shareholders 22,031 497 88,301

Income and deductions

from a trade or

business:

Total receipts(1) 18,656,139 390,900 67,474,056

Business receipts 18,410,096 379,911 66,129,410

Interest on

Government

obligations:

State and local 2,742 — 12,047

Net gain, noncapital

assets 46,914 (*)5,661 687,534

Other receipts 196,386 (*)5,328 645,063

Total deductions 17,362,437 372,158 62,882,986

Cost of goods sold 10,917,664 (*)246,003 26,950,021

Compensation of

officers 463,895 (*)2,726 2,081,697

Salaries and wages 1,846,363 19,381 9,063,125

Repairs 90,266 (*)2,126 1,230,498

Bad debts 105,707 118 123,643

Rent paid on business

property 257,134 7,309 3,622,642

Taxes paid 326,521 4,030 2,139,237

Interest paid 126,659 (*)4,465 761,441

Amortization 28,052 (*)118 40,156

Depreciation 272,538 2,534 2,653,361

Depletion — — 410

Advertising 908,480 (*)10,779 191,480

Pension, profit-

sharing, stock

bonus, and annuity

plans 48,069 204 214,445

Employee benefit

programs 117,413 (*)7,345 777,549

Net loss, noncapital

assets 276 — 1,839

Other deductions 1,853,400 65,020 13,031,441

Total receipts less

total deductions 1,293,702 18,742 4,591,070

Net income (less deficit)

from a trade or

business 1,290,960 18,742 4,579,022

Net income 1,299,937 (*)19,884 4,612,709

Deficit (*)8,977 1,143 33,686

Portfolio income (less

deficit)

distributed to

shareholders 268,142 2,435 441,983

Dividend income 1,358 23 21,942

Interest income 37,095 2,270 183,850

Royalty income 5,277 — 410

Net short-term

capital gain

(less loss) (*)-745 (*)142 17,417

Net long-term capital

gain (less loss) 225,084 — 217,221

Other portfolio

income (net) 73 — 1,145

Real estate rental net

income (less

deficit) 14,401 (*)744 39,240

Net income 14,707 (*)744 39,591

Deficit 306 — 351

Net income (less deficit)

from other rental

activity (*)-17 -70 68,350

Net income (*)7 — 73,086

Deficit 24 70 4,736

Total net income 1,573,486 21,851 5,128,596

Distribution and

transportation of goods

Transportation and warehousing

Transit

Air, and

rail, and Truck ground

Item water transpor- passenger

transpor- tation transpor-

tation tation

(55) (56) (57)

Number of returns 3,421 27,112 5,786

Number of shareholders 4,672 47,970 6,985

Income and deductions

from a trade or

business:

Total receipts(1) 5,226,452 33,821,720 3,311,288

Business receipts 4,912,332 33,161,785 3,274,203

Interest on

Government

obligations:

State and local 1,519 6,055 (*)53

Net gain, noncapital

assets 232,876 391,806 17,137

Other receipts 79,724 262,074 19,895

Total deductions 4,637,004 31,521,020 3,119,406

Cost of goods sold 2,292,943 10,069,642 787,931

Compensation of

officers 75,788 1,010,693 124,891

Salaries and wages 535,179 5,513,016 704,672

Repairs 161,835 824,432 96,074

Bad debts 9,988 46,271 4,986

Rent paid on business

property 212,046 2,301,524 187,961

Taxes paid 104,214 1,442,842 150,614

Interest paid 127,290 395,744 70,827

Amortization 5,757 22,961 625

Depreciation 311,990 1,735,463 191,502

Depletion — 104 306

Advertising 18,327 71,654 19,568

Pension, profit-

sharing, stock

bonus, and annuity

plans 15,290 109,363 14,499

Employee benefit

programs 50,836 507,569 49,691

Net loss, noncapital

assets 23 115 1,328

Other deductions 715,498 7,469,627 713,932

Total receipts less

total deductions 589,448 2,300,700 191,882

Net income (less deficit)

from a trade or

business 587,928 2,294,645 191,829

Net income 594,284 2,299,505 197,089

Deficit (*)6,356 4,860 (*)5,260

Portfolio income (less

deficit)

distributed to

shareholders 85,983 199,967 30,285

Dividend income 4,577 7,352 2,140

Interest income 40,597 64,488 11,723

Royalty income 402 6 —

Net short-term

capital gain

(less loss) (*)14,945 -429 (*)205

Net long-term capital

gain (less loss) 25,455 127,939 15,739

Other portfolio

income (net) 7 610 (*)479

Real estate rental net

income (less

deficit) 3,230 12,229 433

Net income (*)3,246 12,453 476

Deficit 16 223 44

Net income (less deficit)

from other rental

activity 52,466 837 (*)5,564

Net income 54,864 2,116 (*)5,695

Deficit 2,399 1,279 130

Total net income 729,607 2,507,678 228,111

Distribution and transportation goods

Transportation and warehousing

Other

trans- Ware-

Pipeline portation housing

Item transpor- and and

tation support storage

activities

(58) (59) (60)

Number of returns (*)19 14,115 1,867

Number of shareholders (*)63 23,174 5,447

Income and deductions

from a trade or

business:

Total receipts(1) (*)103,869 20,599,141 4,411,587

Business receipts (*)97,232 20,403,027 4,280,832

Interest on

Government

obligations:

State and local (*)82 3,216 1,122

Net gain, noncapital

assets (*)20 18,582 27,114

Other receipts (*)6,535 174,316 102,520

Total deductions (*)85,266 19,495,017 4,025,274

Cost of goods sold (*)9,108 12,321,130 1,469,268

Compensation of

officers (*)187 737,964 132,173

Salaries and wages (*)342 1,527,709 782,207

Repairs (*)98 88,892 59,168

Bad debts — 58,498 3,900

Rent paid on business

property (*)1,928 404,839 514,345

Taxes paid (*)1,369 282,408 157,791

Interest paid (*)4,159 93,351 70,070

Amortization (*)3,379 3,935 3,498

Depreciation (*)3,630 283,422 127,353

Depletion — — —

Advertising — 73,584 8,348

Pension, profit-

sharing, stock

bonus, and annuity

plans — 38,693 36,599

Employee benefit

programs — 95,336 74,118

Net loss, noncapital

assets — 99 (*)275

Other deductions (*)61,066 3,485,158 586,160

Total receipts less

total deductions (*)18,603 1,104,124 386,313

Net income (less deficit)

from a trade or

business (*)18,521 1,100,908 385,191

Net income (*)18,521 1,113,815 389,495

Deficit — (*)12,907 (*)4,304

Portfolio income (less

deficit)

distributed to

shareholders (*)2,394 53,022 70,333

Dividend income (*)5 5,861 2,008

Interest income (*)1,363 37,493 28,185

Royalty income — — 1

Net short-term

capital gain

(less loss) — 2,228 468

Net long-term capital

gain (less loss) (*)1,025 7,397 39,665

Other portfolio

income (net) — 43 5

Real estate rental net

income (less

deficit) — 1,384 21,964

Net income — (*)1,433 21,983

Deficit — 48 19

Net income (less deficit)

from other rental

activity (*)10 6,805 (*)2,668

Net income (*)10 7,624 (*)2,777

Deficit — 819 109

Total net income (*)20,925 1,162,119 480,156

Information

Motion

picture

Publishing and sound

Item Total industries recording

indus-

tries

(61) (62) (63)

Number of returns 29,469 9,039 6,790

Number of shareholders 60,589 21,401 10,611

Income and deductions

from a trade or

business:

Total receipts(1) 40,490,354 16,814,221 6,913,551

Business receipts 38,570,064 16,157,309 6,510,461

Interest on

Government

obligations:

State and local 42,695 17,295 8,871

Net gain, noncapital

assets 272,165 54,326 1,978

Other receipts 1,605,431 585,290 392,240

Total deductions 35,154,942 14,595,315 6,098,048

Cost of goods sold 13,593,982 5,630,465 2,508,667

Compensation of

officers 2,744,994 936,674 927,329

Salaries and wages 6,158,394 2,781,904 481,710

Repairs 242,025 73,233 44,541

Bad debts 173,352 63,384 11,949

Rent paid on business

property 824,620 289,299 172,170

Taxes paid 980,871 390,498 129,227

Interest paid 515,958 152,095 47,282

Amortization 349,279 98,323 108,780

Depreciation 988,362 284,189 230,596

Depletion — — —

Advertising 587,414 299,282 46,319

Pension, profit-

sharing, stock

bonus, and annuity

plans 366,590 226,143 51,649

Employee benefit

programs 344,785 213,271 21,060

Net loss, noncapital

assets 6,792 404 48

Other deductions 7,277,524 3,156,152 1,316,721

Total receipts less

total deductions 5,335,413 2,218,906 815,503

Net income (less deficit)

from a trade or

business 5,292,718 2,201,611 806,631

Net income 5,549,495 2,299,131 829,642

Deficit 256,778 97,520 (*)23,010

Portfolio income (less

deficit)

distributed to

shareholders 2,512,391 842,587 285,926

Dividend income 60,971 35,086 9,046

Interest income 267,309 99,362 34,401

Royalty income 2,447 1,219 58

Net short-term

capital gain

(less loss) -51,311 -63,037 15,279

Net long-term capital

gain (less loss) 2,225,001 769,461 224,605

Other portfolio

income (net) 7,974 (*)496 (*)2,536

Real estate rental net

income (less

deficit) 41,080 6,745 18,414

Net income 41,822 7,225 18,420

Deficit 742 480 6

Net income (less deficit)

from other rental

activity 7,159 1,558 (*)1,068

Net income 7,279 1,559 (*)1,128

Deficit (*)119 (*)1 (*)60

Total net income 7,853,348 3,052,501 1,112,039

Finance,

insurance,

Information real estate,

and rental

and leasing

Broad-

casting Informa-

Item and tele- tion Total

communi- services

cations

(64) (65) (66)

Number of returns 9,699 3,941 261,430

Number of shareholders 21,406 7,172 579,358

Income and deductions

from a trade or

business:

Total receipts(1) 12,855,559 3,907,024 105,451,914

Business receipts 12,366,131 3,536,162 98,059,066

Interest on

Government

obligations:

State and local 15,683 845 157,879

Net gain, noncapital

assets 215,229 (*)631 818,367

Other receipts 258,515 369,386 6,416,602

Total deductions 11,269,230 3,192,349 90,790,410

Cost of goods sold 4,342,906 1,111,945 21,388,796

Compensation of

officers 565,811 315,179 10,534,257

Salaries and wages 2,175,018 719,762 25,131,037

Repairs 102,883 21,368 837,409

Bad debts 96,941 (*)1,078 441,540

Rent paid on business

property 284,671 78,480 3,214,469

Taxes paid 355,678 105,468 2,758,997

Interest paid 281,234 35,347 3,506,698

Amortization 132,014 10,162 160,685

Depreciation 431,195 42,382 2,800,178

Depletion — — 1,983

Advertising 216,043 25,770 1,489,502

Pension, profit-

sharing, stock

bonus, and annuity

plans 63,575 25,223 724,181

Employee benefit

programs 82,020 28,435 911,120

Net loss, noncapital

assets 6,337 3 40,210

Other deductions 2,132,904 671,747 16,849,349

Total receipts less

total deductions 1,586,329 714,675 14,661,504

Net income (less deficit)

from a trade or

business 1,570,645 713,830 14,503,625

Net income 1,706,892 713,830 16,250,062

Deficit 136,247 — 1,746,436

Portfolio income (less

deficit)

distributed to

shareholders 1,332,759 51,119 12,947,897

Dividend income 14,683 (*)2,155 417,281

Interest income 119,963 13,583 2,346,455

Royalty income 972 198 64,119

Net short-term

capital gain

(less loss) -3,251 (*)-302 693,658

Net long-term capital

gain (less loss) 1,195,451 (*)35,484 9,344,196

Other portfolio

income (net) (*)4,942 — 82,188

Real estate rental net

income (less

deficit) 7,409 8,512 4,901,332

Net income 7,637 8,540 5,051,801

Deficit 227 28 150,469

Net income (less deficit)

from other rental

activity 4,317 216 730,842

Net income 4,317 274 747,073

Deficit — 59 16,231

Total net income 2,915,131 773,677 33,083,696

Finance, insurance, real estate, and

rental and leasing

Finance and insurance

Non-

Deposito- depository

ry credit credit

Item Total inter- interme-

mediation diation

(67) (68) (69)

Number of returns 72,976 295 12,957

Number of shareholders 138,883 5,022 24,640

Income and deductions

from a trade or

business:

Total receipts(1) 57,501,793 1,958,667 12,389,506

Business receipts 52,742,158 670,159 11,235,289

Interest on

Government

obligations:

State and local 125,470 48,107 6,403

Net gain, noncapital

assets 169,885 59,467 83,767

Other receipts 4,464,280 1,180,935 1,064,047

Total deductions 49,012,813 1,452,219 10,632,392

Cost of goods sold 8,401,284 — 2,446,817

Compensation of

officers 7,830,600 107,542 591,164

Salaries and wages 14,315,638 203,496 2,900,394

Repairs 252,167 14,292 58,800

Bad debts 346,975 35,011 256,260

Rent paid on business

property 1,501,030 16,753 336,373

Taxes paid 1,457,286 46,055 321,494

Interest paid 2,441,373 741,335 852,605

Amortization 105,223 2,826 34,046

Depreciation 551,379 30,346 110,223

Depletion 257 3 77

Advertising 639,956 24,939 280,351

Pension, profit-

sharing, stock

bonus, and annuity

plans 506,928 9,384 44,424

Employee benefit

programs 537,685 24,766 62,874

Net loss, noncapital

assets 11,511 2,381 2,781

Other deductions 10,113,522 193,088 2,333,709

Total receipts less

total deductions 8,488,980 506,449 1,757,115

Net income (less deficit)

from a trade or 8,363,510 458,342 1,750,712

business

Net income 9,532,796 459,404 1,884,976

Deficit 1,169,286 1,062 134,264

Portfolio income (less

deficit)

distributed to

shareholders 5,927,109 27,938 792,771

Dividend income 257,698 1,996 2,852

Interest income 1,178,343 17,890 172,046

Royalty income 5,281 67 (*)186

Net short-term

capital gain

(less loss) 567,599 -35 1,519

Net long-term capital

gain (less loss) 3,872,300 8,016 615,997

Other portfolio

income (net) 45,888 3 171

Real estate rental net

income (less

deficit) 38,592 5,087 631

Net income 59,752 6,110 7,875

Deficit 21,160 1,023 7,245

Net income (less deficit)

from other rental

activity 8,948 -374 -308

Net income 11,326 125 1,057

Deficit 2,378 499 (*)1,365

Total net income 14,338,159 490,992 2,543,805

Finance, insurance, real estate, and

rental and leasing

Finance and insurance

Securities

commodity

contracts, Insurance Funds,

other carriers trusts,

Item financial and rela- and other

invest- ted acti- financial

ments and activities vehicles

related

activities

(70) (71) (72)

Number of returns 22,169 37,029 526

Number of shareholders 44,272 63,140 1,809

Income and deductions

from a trade or

business:

Total receipts(1) 20,852,094 21,935,661 365,865

Business receipts 18,904,285 21,635,407 297,018

Interest on

Government

obligations:

State and local 57,034 11,980 (*)1,946

Net gain, noncapital

assets 23,084 3,521 47

Other receipts 1,867,691 284,752 66,854

Total deductions 17,378,180 19,302,414 247,609

Cost of goods sold 1,843,605 4,028,200 (*)82,663

Compensation of

officers 4,214,494 2,901,816 15,584

Salaries and wages 4,923,082 6,253,276 35,390

Repairs 54,794 123,105 1,175

Bad debts 19,604 35,625 476

Rent paid on business

property 465,307 672,723 9,874

Taxes paid 515,558 564,806 9,374

Interest paid 660,852 167,129 19,451

Amortization 14,221 53,918 213

Depreciation 176,649 225,713 8,448

Depletion 176 — —

Advertising 128,863 201,089 (*)4,715

Pension, profit-

sharing, stock

bonus, and annuity

plans 244,502 199,032 (*)9,585

Employee benefit

programs 163,369 284,240 (*)2,436

Net loss, noncapital

assets 4,784 1,564 —

Other deductions 3,948,320 3,590,179 48,226

Total receipts less

total deductions 3,473,915 2,633,247 118,255

Net income (less deficit)

from a trade or 3,416,880 2,621,266 116,310

business

Net income 4,430,577 2,636,915 120,925

Deficit 1,013,696 15,648 4,615

Portfolio income (less

deficit)

distributed to

shareholders 4,372,434 566,629 167,337

Dividend income 194,908 51,727 6,214

Interest income 818,498 158,101 11,809

Royalty income 5,028 — —

Net short-term

capital gain

(less loss) 555,195 -2,956 13,877

Net long-term capital

gain (less loss) 2,757,685 355,169 135,433

Other portfolio

income (net) 41,120 (*)4,589 5

Real estate rental net

income (less

deficit) 28,565 3,961 348

Net income 40,296 5,003 468

Deficit 11,730 1,042 120

Net income (less deficit)

from other rental

activity 9,113 (*)678 -161

Net income 9,231 (*)678 236

Deficit 118 — 396

Total net income 7,826,993 3,192,534 283,834

Finance, insurance, real estate,

rental and leasing

Real estate and rental and leasing

Rental and

Item Total Real leasing

estate services

(73) (74) (75)

Number of returns 188,454 172,771 15,199

Number of shareholders 440,475 407,106 31,219

Income and deductions

from a trade or

business:

Total receipts(1) 47,950,121 34,670,719 13,212,189

Business receipts 45,316,908 32,787,695 12,474,697

Interest on

Government

obligations:

State and local 32,408 30,705 1,703

Net gain, noncapital

assets 648,482 250,927 397,524

Other receipts 1,952,322 1,601,391 338,264

Total deductions 41,777,597 29,782,176 11,954,804

Cost of goods sold 12,987,511 7,951,129 5,031,193

Compensation of

officers 2,703,657 2,320,351 379,689

Salaries and wages 10,815,399 9,265,520 1,543,035

Repairs 585,242 316,042 268,459

Bad debts 94,565 50,113 44,227

Rent paid on business

property 1,713,440 1,128,503 582,893

Taxes paid 1,301,711 947,717 352,912

Interest paid 1,065,325 673,204 388,997

Amortization 55,462 44,371 8,111

Depreciation 2,248,799 461,280 1,786,472

Depletion 1,726 1,710 17

Advertising 849,546 675,061 173,835

Pension, profit-

sharing, stock

bonus, and annuity

plans 217,253 171,019 45,032

Employee benefit

programs 373,436 276,478 96,755

Net loss, noncapital

assets 28,700 2,134 26,566

Other deductions 6,735,826 5,497,545 1,226,611

Total receipts less

total deductions 6,172,624 4,888,543 1,257,385

Net income (less deficit)

from a trade or

business 6,140,116 4,857,838 1,255,682

Net income 6,717,266 5,352,560 1,338,110

Deficit 577,150 494,722 82,428

Portfolio income (less

deficit)

distributed to

shareholders 7,020,788 6,068,937 928,262

Dividend income 159,584 153,993 5,328

Interest income 1,168,112 1,104,677 59,756

Royalty income 58,838 31,777 (*)17,818

Net short-term

capital gain

(less loss) 126,059 124,618 1,442

Net long-term capital

gain (less loss) 5,471,895 4,625,632 843,445

Other portfolio

income (net) 36,300 28,239 (*)472

Real estate rental net

income (less

deficit) 4,862,740 4,810,781 51,608

Net income 4,992,049 4,936,972 54,725

Deficit 129,309 126,191 (*)3,117

Net income (less deficit)

from other rental

activity 721,893 44,331 677,562

Net income 735,747 47,953 687,794

Deficit 13,853 3,622 (*)10,232

Total net income 18,745,637 15,781,887 2,913,114

Finance,

insu-

rance,

real Professional and business

estate, services

rental

and

leasing

Real

estate Professional,

and scientific,

rental and technical

and services

leasing

Lessors

of nonfi-

nancial

Item intangi- Total Total

ble

assets

(76) (77) (78)

Number of returns 484 348,433 258,951

Number of shareholders 2,150 553,554 394,126

Income and deductions

from a trade or

business:

Total receipts(1) (*)67,214 231,882,102 149,525,160

Business receipts (*)54,517 223,572,488 146,814,126

Interest on

Government

obligations:

State and local — 228,980 29,353

Net gain, noncapital

assets 30 480,286 316,860

Other receipts 12,666 7,600,348 2,364,821

Total deductions (*)40,617 205,752,968 130,900,377

Cost of goods sold 5,190 79,514,323 45,764,956

Compensation of

officers 3,617 20,793,538 16,538,710

Salaries and wages 6,843 42,381,835 26,235,139

Repairs 742 1,256,764 684,618

Bad debts 225 412,090 196,886

Rent paid on business

property 2,044 6,078,435 4,568,760

Taxes paid 1,081 7,382,620 4,624,217

Interest paid 3,125 3,601,240 819,419

Amortization 2,980 235,319 134,062

Depreciation 1,047 2,914,572 1,736,283

Depletion — 1,973 (*)40

Advertising 650 2,024,052 1,399,665

Pension, profit-

sharing, stock

bonus, and annuity

plans 1,202 1,770,123 1,480,065

Employee benefit

programs 203 2,373,167 1,508,739

Net loss, noncapital

assets — 34,060 26,567

Other deductions (*)11,670 34,978,859 25,182,251

Total receipts less

total deductions (*)26,596 26,129,134 18,624,784

Net income (less deficit)

from a trade or

business (*)26,596 25,900,154 18,595,431

Net income (*)26,596 26,385,362 18,936,552

Deficit — 485,208 341,122

Portfolio income (less

deficit)

distributed to

shareholders (*)23,589 10,749,771 5,492,688

Dividend income (*)262 307,112 114,303

Interest income (*)3,678 1,126,872 623,500

Royalty income (*)9,242 81,660 43,472

Net short-term

capital gain

(less loss) -2 25,753 107,649

Net long-term capital

gain (less loss) (*)2,819 9,207,243 4,603,949

Other portfolio

income (net) (*)7,589 1,131 -186

Real estate rental net

income (less

deficit) 352 111,443 84,951

Net income 352 130,356 92,127

Deficit — 18,914 7,176

Net income (less deficit)

from other rental

activity — 48,235 38,577

Net income — 50,165 39,006

Deficit — 1,930 (*)429

Total net income 50,537 36,809,602 24,211,647

Professional and business services

Professional scientific, and

technical services

Accoun-

ting, tax

prepara- Architec-

Legal tion, tural, en-

Item services book- gineering,

keeping, and

and related

payroll services

services

(79) (80) (81)

Number of returns 29,472 23,118 35,889

Number of shareholders 41,247 36,816 59,284

Income and deductions

from a trade or

business:

Total receipts(1) 14,017,417 7,299,125 22,848,962

Business receipts 13,383,402 7,251,665 22,661,106

Interest on

Government

obligations:

State and local 5,414 (*)139 1,203

Net gain, noncapital

assets (*)4,213 (*)722 31,514

Other receipts 624,388 46,599 155,140

Total deductions 11,349,310 6,305,473 20,461,102

Cost of goods sold 542,011 (*)901,452 6,761,120

Compensation of

officers 3,023,340 1,183,549 2,313,300

Salaries and wages 2,920,857 1,725,271 4,772,508

Repairs 83,777 43,640 122,093

Bad debts 2,165 (*)6,374 35,880

Rent paid on business

property 640,700 379,009 747,836

Taxes paid 410,304 288,659 843,932

Interest paid 69,240 54,329 133,264

Amortization 1,740 13,526 8,968

Depreciation 109,301 82,658 317,858

Depletion — (*)40 —

Advertising 250,161 28,136 70,687

Pension, profit-

sharing, stock

bonus, and annuity

plans 181,352 146,471 224,155

Employee benefit

programs 70,271 98,640 427,216

Net loss, noncapital

assets (*)157 5 5

Other deductions 3,043,935 1,353,715 3,682,278

Total receipts less

total deductions 2,668,107 993,652 2,387,860

Net income (less deficit)

from a trade or

business 2,662,693 993,513 2,386,658

Net income 2,663,106 1,022,435 2,397,230

Deficit 413 (*)28,922 (*)10,572

Portfolio income (less

deficit)

distributed to

shareholders 86,887 256,848 144,737

Dividend income 19,827 3,428 15,710

Interest income 62,280 86,654 47,804

Royalty income (*)47 — 741

Net short-term

capital gain

(less loss) 1,724 (*)-500 2,113

Net long-term capital

gain (less loss) 2,859 167,253 78,347

Other portfolio

income (net) (*)149 13 21

Real estate rental net

income (less

deficit) -616 (*)722 8,152

Net income (*)1,829 (*)722 8,194

Deficit (*)2,445 — 42

Net income (less deficit)

from other rental

activity 15,860 -6 (*)141

Net income 15,863 — (*)444

Deficit (*)3 6 303

Total net income 2,764,824 1,251,077 2,539,688

Professional and business services

Professional, scientific, and

technical services

Other

Computer professio-

Specia- systems nal,

lized design and scienti-

Item design related fic, and

services services technical

services

(82) (83) (84)

Number of returns 13,835 39,740 116,897

Number of shareholders 16,511 62,060 178,208

Income and deductions

from a trade or

business:

Total receipts(1) 7,355,499 22,435,694 75,568,462

Business receipts 7,314,651 22,281,992 73,921,310

Interest on

Government

obligations:

State and local (*)634 5,015 16,948

Net gain, noncapital

assets (*)20 18,907 261,484

Other receipts 40,194 129,780 1,368,721

Total deductions 6,589,420 19,694,005 66,501,066

Cost of goods sold 3,925,940 8,146,444 25,487,989

Compensation of

officers 543,506 2,217,508 7,257,506

Salaries and wages 548,991 3,728,231 12,539,281

Repairs 27,184 75,556 332,368

Bad debts 8,905 21,088 122,475

Rent paid on business

property 184,791 423,864 2,192,560

Taxes paid 137,442 677,157 2,266,723

Interest paid 25,186 123,346 414,054

Amortization 4,966 13,469 91,394

Depreciation 75,566 258,135 892,765

Depletion — — —

Advertising 74,214 176,722 799,744

Pension, profit-

sharing, stock

bonus, and annuity

plans 66,634 192,867 668,586

Employee benefit

programs 45,137 170,656 696,819

Net loss, noncapital

assets (*)2,879 (*)567 22,954

Other deductions 918,080 3,468,394 12,715,850

Total receipts less

total deductions 766,079 2,741,689 9,067,396

Net income (less deficit)

from a trade or

business 765,445 2,736,674 9,050,449

Net income 765,998 2,783,593 9,304,191

Deficit 553 46,918 253,742

Portfolio income (less

deficit)

distributed to

shareholders 21,221 1,423,719 3,559,275

Dividend income 6,386 5,817 63,134

Interest income 15,756 56,532 354,474

Royalty income — (*)35,377 7,307

Net short-term

capital gain

(less loss) (*)-168 6,664 97,816

Net long-term capital

gain (less loss) (*)-404 1,319,329 3,036,565

Other portfolio

income (net) (*)-349 — -20

Real estate rental net

income (less

deficit) (*)5,454 (*)890 70,348

Net income (*)5,487 (*)1,375 74,520

Deficit (*)32 (*)485 4,172

Net income (less deficit)

from other rental

activity — (*)201 22,381

Net income — (*)201 22,497

Deficit — — (*)116

Total net income 792,120 4,161,485 12,702,454

Professional and business services

Administrative and

support and waste

management and

remediation services

Adminis-

Manage- trative

Item ment of Total and

companies support

services

(85) (86) (87)

Number of returns 6,898 82,584 78,545

Number of shareholders 28,875 130,553 122,397

Income and deductions

from a trade or

business:

Total receipts(1) 7,428,493 74,928,449 68,841,992

Business receipts 3,015,175 73,743,187 67,794,943

Interest on

Government

obligations:

State and local 181,804 17,822 10,173

Net gain, noncapital

assets 53,147 110,279 91,619

Other receipts 4,178,366 1,057,161 945,257

Total deductions 5,350,377 69,502,215 64,111,022

Cost of goods sold 281,155 33,468,212 31,418,126

Compensation of

officers 403,944 3,850,883 3,597,277

Salaries and wages 726,723 15,419,973 14,702,818

Repairs 66,607 505,539 381,937

Bad debts 125,139 90,065 79,891

Rent paid on business

property 68,476 1,441,198 1,271,410

Taxes paid 165,626 2,592,777 2,401,021

Interest paid 2,341,647 440,174 348,866

Amortization 15,615 85,641 63,845

Depreciation 151,595 1,026,694 717,935

Depletion 59 1,874 —

Advertising 51,277 573,110 542,855

Pension, profit-

sharing, stock

bonus, and annuity

plans 43,656 246,401 217,678

Employee benefit

programs 95,360 769,069 687,096

Net loss, noncapital

assets 4,552 2,941 2,413

Other deductions 808,945 8,987,663 7,677,854

Total receipts less

total deductions 2,078,116 5,426,234 4,730,970

Net income (less deficit)

from a trade or

business 1,896,312 5,408,412 4,720,797

Net income 1,969,082 5,479,728 4,758,768

Deficit 72,770 71,316 37,971

Portfolio income (less

deficit)

distributed to

shareholders 1,307,648 3,949,434 1,337,099

Dividend income 180,470 12,339 9,853

Interest income 252,135 251,237 202,206

Royalty income 1,852 (*)36,335 (*)35,934

Net short-term

capital gain

(less loss) -63,004 -18,892 -19,406

Net long-term capital

gain (less loss) 934,879 3,668,415 1,108,513

Other portfolio

income (net) 1,316 — —

Real estate rental net

income (less

deficit) 19,645 6,846 4,987

Net income 24,367 13,862 11,813

Deficit 4,722 (*)7,016 (*)6,826

Net income (less deficit)

from other rental

activity 2,007 7,650 6,318

Net income 3,475 7,684 6,318

Deficit 1,468 34 —

Total net income 3,225,612 9,372,343 6,069,201

Profe-

ssional Education, health, and

and social assistance

business

services

Adminis-

trative

and su-

pport and

waste ma-

nagement

and reme-

diation

services

Waste

manage- Educatio-

Item ment re- Total nal

mediation services

services

(88) (89) (90)

Number of returns 4,039 109,981 15,765

Number of shareholders 8,156 162,298 26,906

Income and deductions

from a trade or

business:

Total receipts(1) 6,086,456 66,173,695 9,179,601

Business receipts 5,948,243 64,610,435 9,076,556

Interest on

Government

obligations:

State and local 7,650 7,274 4,361

Net gain, noncapital

assets 18,659 92,432 (*)17,931

Other receipts 111,904 1,463,554 80,753

Total deductions 5,391,193 58,377,332 8,496,344

Cost of goods sold 2,050,086 9,028,211 2,147,601

Compensation of

officers 253,607 9,232,494 635,560

Salaries and wages 717,154 15,072,498 2,169,135

Repairs 123,602 540,191 71,859

Bad debts 10,174 307,422 145,125

Rent paid on business

property 169,788 3,597,694 505,525

Taxes paid 191,756 2,402,917 291,702

Interest paid 91,307 647,048 50,143

Amortization 21,796 100,416 12,501

Depreciation 308,759 881,616 115,396

Depletion 1,874 (*)965 —

Advertising 30,255 921,112 498,932

Pension, profit-

sharing, stock

bonus, and annuity

plans 28,723 679,268 32,456

Employee benefit

programs 81,973 748,053 108,544

Net loss, noncapital

assets (*)529 (*)2,315 —

Other deductions 1,309,809 14,215,111 1,711,865

Total receipts less

total deductions 695,264 7,796,363 683,257

Net income (less deficit)

from a trade or

business 687,614 7,789,089 678,896

Net income 720,960 7,901,547 700,793

Deficit 33,345 112,458 (*)21,897

Portfolio income (less

deficit)

distributed to

shareholders 2,612,336 590,520 102,360

Dividend income 2,487 14,552 2,819

Interest income 49,032 177,817 42,071

Royalty income 401 (*)1,780 (*)1,780

Net short-term

capital gain

(less loss) 514 -2,102 (*)-60

Net long-term capital

gain (less loss) 2,559,902 398,473 55,751

Other portfolio

income (net) — — —

Real estate rental net

income (less

deficit) 1,859 27,228 (*)3,710

Net income 2,050 28,547 (*)3,755

Deficit 190 1,319 45

Net income (less deficit)

from other rental

activity 1,333 (*)3,585 108

Net income 1,366 (*)3,731 108

Deficit 34 (*)146 —

Total net income 3,303,142 8,410,421 785,075

Education, health, and social

assistance

Health care and social assistance

Offices of

Offices of other

Item Total physicians health

and practi-

dentists tioners

(91) (92) (93)

Number of returns 94,216 40,833 28,849

Number of shareholders 135,394 49,564 41,208

Income and deductions

from a trade or

business:

Total receipts(1) 56,994,094 23,714,481 11,269,811

Business receipts 55,533,879 22,860,686 11,177,119

Interest on

Government

obligations:

State and local 2,913 (*)529 (*)342

Net gain, noncapital

assets 74,501 (*)16,778 (*)7,407

Other receipts 1,382,801 836,488 84,943

Total deductions 49,880,988 20,060,836 9,998,118

Cost of goods sold 6,880,611 844,900 2,382,769

Compensation of

officers 8,596,933 5,848,658 2,044,165

Salaries and wages 12,903,363 4,544,194 1,682,384

Repairs 468,332 194,427 64,670

Bad debts 162,297 5,440 30,929

Rent paid on business

property 3,092,169 1,356,106 590,002

Taxes paid 2,111,215 741,690 329,552

Interest paid 596,905 163,474 40,154

Amortization 87,915 48,431 7,387

Depreciation 766,219 259,769 99,592

Depletion (*)965 (*)938 —

Advertising 422,180 165,761 130,400

Pension, profit-

sharing, stock

bonus, and annuity

plans 646,812 434,995 125,823

Employee benefit

programs 639,509 155,561 58,849

Net loss, noncapital

assets (*)2,315 62 2

Other deductions 12,503,247 5,296,429 2,411,439

Total receipts less

total deductions 7,113,106 3,653,646 1,271,693

Net income (less deficit)

from a trade or

business 7,110,193 3,653,116 1,271,351

Net income 7,200,754 3,678,391 1,288,856

Deficit 90,561 (*)25,275 (*)17,505

Portfolio income (less

deficit)

distributed to

shareholders 488,160 165,604 67,423

Dividend income 11,733 2,427 4,998

Interest income 135,747 36,116 14,944

Royalty income — — —

Net short-term

capital gain

(less loss) -2,042 (*)-1,863 (*)-481

Net long-term capital

gain (less loss) 342,722 128,924 47,963

Other portfolio

income (net) — — —

Real estate rental net

income (less

deficit) 23,518 (*)4,181 (*)5,133

Net income 24,792 (*)4,704 (*)5,133

Deficit (*)1,274 (*)524 —

Net income (less deficit)

from other rental

activity (*)3,477 (*)3,369 —

Net income (*)3,623 (*)3,369 —

Deficit (*)146 — —

Total net income 7,625,347 3,826,270 1,343,907

Education, health, and

social assistance

Health care and social assistance

Miscella- Hospitals,

neous nursing,

Outpatient health and resi-

Item care care and dential

centers social care

assistance facilities

(94) (95) (96)

Number of returns 2,750 15,721 6,063

Number of shareholders 4,226 26,015 14,382

Income and deductions

from a trade or

business:

Total receipts(1) 1,436,910 7,079,006 13,493,886

Business receipts 1,330,012 7,030,812 13,135,250

Interest on

Government

obligations:

State and local 756 (*)89 1,196

Net gain, noncapital

assets 444 (*)21,136 28,736

Other receipts 105,697 26,969 328,704

Total deductions 1,221,998 6,060,840 12,539,197

Cost of goods sold (*)269,670 1,627,914 1,755,357

Compensation of

officers 107,276 407,511 189,323

Salaries and wages 216,786 1,680,303 4,779,696

Repairs 4,822 83,732 120,681

Bad debts (*)9,654 79,781 36,492

Rent paid on business

property 34,554 374,884 736,624

Taxes paid 30,977 241,009 767,987

Interest paid 15,503 67,346 310,427

Amortization 3,559 10,854 17,683

Depreciation 25,721 129,229 251,908

Depletion — (*)28 —

Advertising 19,084 55,890 51,046

Pension, profit-

sharing, stock

bonus, and annuity

plans (*)11,779 39,748 34,467

Employee benefit

programs 10,057 59,732 355,311

Net loss, noncapital

assets — (*)1,976 (*)275

Other deductions 462,555 1,200,904 3,131,919

Total receipts less

total deductions 214,912 1,018,166 954,689

Net income (less deficit)

from a trade or

business 214,155 1,018,077 953,492

Net income 251,489 1,019,799 962,219

Deficit 37,334 (*)1,722 8,727

Portfolio income (less

deficit)

distributed to

shareholders 78,035 24,238 152,859

Dividend income (*)606 (*)1,637 2,065

Interest income 7,434 10,325 66,927

Royalty income — — —

Net short-term

capital gain

(less loss) (*)-114 (*)208 209

Net long-term capital

gain (less loss) 70,108 (*)12,068

Other portfolio

income (net) — — —

Real estate rental net

income (less

deficit) (*)1,864 (*)358 11,982

Net income (*)1,864 (*)358 12,732

Deficit — — (*)750

Net income (less deficit)

from other rental

activity — 162 (*)-54

Net income — 162 92

Deficit — — (*)146

Total net income 294,054 1,042,836 1,118,279

Leisure, accommodation, and

food services

Arts, entertainment,

and recreation

Other

arts, en-

tertain-

Item Total Total ment, and

recrea-

tion

(97) (98) (99)

Number of returns 110,781 30,313 14,245

Number of shareholders 226,425 61,192 18,475

Income and deductions

from a trade or

business:

Total receipts(1) 95,281,071 20,295,009 8,521,393

Business receipts 92,242,170 19,209,389 8,003,374

Interest on

Government

obligations:

State and local 14,504 7,603 2,515

Net gain, noncapital

assets 660,301 177,291 8,152

Other receipts 2,364,096 900,726 507,352

Total deductions 86,682,453 17,491,311 7,271,183

Cost of goods sold 31,938,596 4,204,804 1,628,227

Compensation of

officers 3,949,511 1,762,845 1,225,151

Salaries and wages 16,661,290 3,589,861 1,643,288

Repairs 1,778,201 402,923 38,165

Bad debts 161,462 25,417 5,685

Rent paid on business

property 5,401,254 1,091,661 267,143

Taxes paid 4,001,207 975,812 244,915

Interest paid 1,704,501 325,915 69,636

Amortization 319,932 93,271 60,671

Depreciation 2,461,160 618,288 98,149

Depletion — — —

Advertising 2,414,713 366,760 120,437

Pension, profit-

sharing, stock

bonus, and annuity

plans 177,016 105,833 61,629

Employee benefit

programs 566,267 126,833 39,788

Net loss, noncapital

assets 26,044 439 181

Other deductions 15,121,298 3,800,648 1,768,118

Total receipts less

total deductions 8,598,618 2,803,699 1,250,210

Net income (less deficit)

from a trade or

business 8,584,114 2,796,096 1,247,695

Net income 8,761,261 2,858,139 1,293,232

Deficit 177,147 62,043 45,538

Portfolio income (less

deficit)

distributed to

shareholders 1,352,109 705,721 547,951

Dividend income 38,320 19,580 11,946

Interest income 426,746 128,447 58,419

Royalty income 110,716 109,913 109,913

Net short-term

capital gain

(less loss) 8,666 3,346 1,164

Net long-term capital

gain (less loss) 754,944 433,163 355,236

Other portfolio

income (net) 12,717 11,272 11,272

Real estate rental net

income (less

deficit) 123,918 36,478 9,559

Net income 135,689 44,144 10,847

Deficit 11,771 7,666 (*)1,288

Net income (less deficit)

from other rental

activity 28,134 10,344 86

Net income 28,134 10,344 86

Deficit — — —

Total net income 10,088,275 3,548,639 1,805,290

Leisure, accommodation, and

food services

Arts,

entertain- Accommodation and food

ment, and services

recreation

Amusement,

gambling,

Item and Total Accom-

recreation modation

industries

(100) (101) (102)

Number of returns 16,068 80,468 12,758

Number of shareholders 42,717 165,233 34,241

Income and deductions

from a trade or

business:

Total receipts(1) 11,773,617 74,986,062 11,976,133

Business receipts 11,206,015 73,032,781 11,442,104

Interest on

Government

obligations:

State and local 5,088 6,901 3,990

Net gain, noncapital

assets 169,139 483,010 66,149

Other receipts 393,375 1,463,370 463,891

Total deductions 10,220,128 69,191,142 10,750,579

Cost of goods sold 2,576,577 27,733,792 2,534,496

Compensation of

officers 537,695 2,186,665 281,567

Salaries and wages 1,946,573 13,071,430 2,005,909

Repairs 364,758 1,375,278 351,794

Bad debts 19,733 136,045 102,746

Rent paid on business

property 824,518 4,309,593 469,757

Taxes paid 730,896 3,025,395 717,843

Interest paid 256,279 1,378,586 716,605

Amortization 32,601 226,660 46,289

Depreciation 520,139 1,842,872 665,086

Depletion — — —

Advertising 246,322 2,047,953 235,211

Pension, profit-

sharing, stock

bonus, and annuity

plans 44,204 71,183 6,360

Employee benefit

programs 87,045 439,435 73,292

Net loss, noncapital

assets 258 25,604 1,466

Other deductions 2,032,530 11,320,650 2,542,158

Total receipts less

total deductions 1,553,489 5,794,919 1,225,554

Net income (less deficit)

from a trade or

business 1,548,401 5,788,019 1,221,564

Net income 1,564,907 5,903,122 1,267,382

Deficit 16,506 115,103 45,817

Portfolio income (less

deficit)

distributed to

shareholders 157,770 646,388 240,865

Dividend income 7,634 18,740 7,712

Interest income 70,028 298,299 165,985

Royalty income — 803 1

Net short-term

capital gain

(less loss) 2,182 5,320 52

Net long-term capital

gain (less loss) 77,928 321,781 65,683

Other portfolio

income (net) — (*)1,444 (*)1,432

Real estate rental net

income (less

deficit) 26,919 87,440 67,398

Net income 33,296 91,545 70,314

Deficit 6,378 4,106 2,916

Net income (less deficit)

from other rental

activity 10,259 17,790 (*)1,146

Net income 10,259 17,790 (*)1,146

Deficit — — —

Total net income 1,743,348 6,539,636 1,530,974

Leisure,

accommoda-

tion, and Other services

food

services

Accomo-

dation

and food

services

Food

services Repair

Item and Total and

drinking maintenance

places

(103) (104) (105)

Number of returns 67,710 95,798 50,362

Number of shareholders 130,992 159,361 84,235

Income and deductions

from a trade or

business:

Total receipts(1) 63,009,929 45,737,092 26,800,419

Business receipts 61,590,677 45,138,306 26,459,164

Interest on

Government

obligations:

State and local 2,911 5,633 515

Net gain, noncapital

assets 416,861 130,054 63,576

Other receipts 999,479 463,099 277,164

Total deductions 58,440,563 41,876,472 24,767,602

Cost of goods sold 25,199,296 18,860,439 12,918,669

Compensation of

officers 1,905,099 2,893,536 1,564,885

Salaries and wages 11,065,521 6,709,966 3,496,365

Repairs 1,023,484 477,032 221,813

Bad debts 33,299 141,761 38,007

Rent paid on business

property 3,839,835 2,407,329 1,076,566

Taxes paid 2,307,553 1,527,976 867,458

Interest paid 661,982 562,808 314,374

Amortization 180,371 91,199 33,336

Depreciation 1,177,786 982,229 520,375

Depletion — (*)317 (*)317

Advertising 1,812,742 745,276 368,877

Pension, profit-

sharing, stock

bonus, and annuity

plans 64,823 119,270 58,153

Employee benefit

programs 366,142 388,252 271,432

Net loss, noncapital

assets 24,139 1,419 (*)208

Other deductions 8,778,491 5,967,661 3,016,765

Total receipts less

total deductions 4,569,365 3,860,619 2,032,818

Net income (less deficit)

from a trade or

business 4,566,454 3,854,986 2,032,303

Net income 4,635,740 3,901,912 2,054,707

Deficit 69,286 46,926 22,404

Portfolio income (less

deficit)

distributed to

shareholders 405,523 892,115 145,078

Dividend income 11,028 17,251 10,344

Interest income 132,314 94,898 37,937

Royalty income 802 (*)5,799 (*)5,799

Net short-term

capital gain

(less loss) 5,268 -1,981 -940

Net long-term capital

gain (less loss) 256,098 775,554 91,460

Other portfolio

income (net) 12 (*)592 477

Real estate rental net

income (less

deficit) 20,042 37,472 22,742

Net income 21,231 38,916 23,252

Deficit 1,189 (*)1,444 (*)510

Net income (less deficit)

from other rental

activity 16,644 8,052 (*)7,786

Net income 16,644 (*)9,109 (*)8,843

Deficit — (*)1,057 (*)1,057

Total net income 5,008,662 4,792,625 2,207,909

Others services

Religious,

Personal grantmaking,

and civic, pro- Nature of

laundry fessional, business

Item mainte- and similar not allo-

nance organiza- cable

services tions

(106) (107) (108)

Number of returns (**) (**) 5,758

Number of shareholders (**) (**) 10,779

Income and deductions

from a trade or

business:

Total receipts(1) (**) (**) 1,044,182

Business receipts (**) (**) 1,002,020

Interest on

Government

obligations:

State and local (**) (**) (*)841

Net gain, noncapital

assets (**) (**) 2,490

Other receipts (**) (**) 38,831

Total deductions (**) (**) 872,271

Cost of goods sold (**) (**) 491,447

Compensation of

officers (**) (**) (*)29,770

Salaries and wages (**) (**) 79,024

Repairs (**) (**) 6,974

Bad debts (**) (**) (*)208

Rent paid on business

property (**) (**) 40,014

Taxes paid (**) (**) 11,934

Interest paid (**) (**) 3,792

Amortization (**) (**) —

Depreciation (**) (**) 12,831

Depletion (**) (**) —

Advertising (**) (**) 7,044

Pension, profit-

sharing, stock

bonus, and annuity

plans (**) (**) (*)4,182

Employee benefit

programs (**) (**) (*)3,148

Net loss, noncapital

assets (**) (**) —

Other deductions (**) (**) 181,903

Total receipts less

total deductions (**) (**) 171,911

Net income (less deficit)

from a trade or

business (**) (**) 171,071

Net income (**) (**) 176,230

Deficit (**) (**) 5,159

Portfolio income (less

deficit)

distributed to

shareholders (**) (**) 118,808

Dividend income (**) (**) (*)1,758

Interest income (**) (**) 2,029

Royalty income (**) (**) —

Net short-term

capital gain

(less loss) (**) (**) -457

Net long-term capital

gain (less loss) (**) (**) (*)115,477

Other portfolio

income (net) (**) (**) —

Real estate rental net

income (less

deficit) (**) (**) (*)3,289

Net income (**) (**) (*)3,289

Deficit (**) (**) —

Net income (less deficit)

from other rental

activity (**) (**) —

Net income (**) (**) —

Deficit (**) (**) —

Total net income (**) (**) 293,167

(*) Estimate should be used with caution because of the small number

of sample returns on which is based.

(**) Data deleted to avoid disclosure of information for specific

corporations. Deleted data are included in the appropriate totals.

(1) Includes interest on Government obligations: State and local,

which is not reflected in net income (less deficit) from a trade or

business.

(2) Less than $500.

NOTE: Detail may not add to total due to rounding.

Table 3.–Corporations: Balance Sheets, by Industrial Division, Sector,

and Major Group

[All figures are estimates based on samples–money amounts are in

thousands of dollars]

Raw materials and

energy production

Agriculture, forestry,

fishing, and hunting

All

Item industries Total Total

(1) (2) (3)

Number of returns 2,588,088 87,021 69,418

Number of shareholders 4,839,618 217,758 173,271

Total assets 1,455,483,439 57,157,264 34,354,170

Cash 146,742,521 4,911,139 2,462,982

Notes and accounts

receivable 311,096,499 5,132,944 2,721,511

Less: Allowance for

bad debts 4,007,036 19,441 7,539

Inventories 229,247,269 3,117,135 2,516,678

Investments in

Government

obligations 26,450,601 300,769 64,797

Tax-exempt securities 8,136,420 434,084 212,212

Other current assets 83,359,809 2,304,463 1,473,602

Loans to shareholders 26,586,863 1,631,158 935,939

Mortgage and real

estate loans 25,094,935 416,222 409,780

Other investments 138,315,334 9,650,343 2,831,377

Depreciable assets 722,105,243 42,364,651 29,317,692

Less: Accumulated

depreciation 382,004,924 26,180,188 18,210,295

Depletable assets 8,308,169 5,720,901 1,380,932

Less: Accumulated

depletion 3,135,255 2,448,474 202,596

Land 61,626,219 7,674,327 6,929,141

Intangible assets

(amortizable) 41,568,278 1,184,315 495,375

Less: Accumulated

amortization 13,621,076 416,716 135,029

Other assets 29,613,571 1,379,631 1,157,612

Total liabilities 1,455,483,439 57,157,264 34,354,170

Accounts payable 179,795,391 2,886,561 1,426,344

Mortgages, notes, and

bonds payable in

less than 1 year 182,956,962 6,517,202 4,985,420

Other current

liabilities 200,431,585 2,594,228 1,233,019

Loans from stockholders 134,407,009 7,903,558 6,538,380

Mortgages, notes,

and bonds payable

in 1 year or more 298,319,640 13,802,209 9,224,852

Other liabilities 38,487,141 2,351,215 933,528

Net worth, total 421,085,711 21,102,291 10,012,627

Capital stock 56,495,370 4,482,143 3,911,920

Paid-in or capital

surplus 138,700,074 14,204,976 8,764,632

Retained earnings,

unappropriated 245,282,852 3,534,786 -2,086,179

Adjustments to

shareholders’

equity(1) 1,963,530 38,375 10,782

Less: Cost of

treasury stock 21,356,115 1,157,989 588,529

Raw materials and energy production

Agriculture, forestry,

fishing, and hunting

Support

activities

Agri- Forestry and

Item culture and fishing,

production logging hunting

and

trapping

(4) (5) (6)

Number of returns 44,943 7,559 16,915

Number of shareholders 118,188 18,201 36,882

Total assets 25,034,625 4,016,330 5,303,215

Cash 1,490,863 215,704 756,416

Notes and accounts

receivable 1,820,932 234,119 666,460

Less: Allowance for

bad debts 5,964 997 (*)578

Inventories 1,840,160 152,762 523,755

Investments in

Government

obligations 54,595 (*)2,965 (*)7,236

Tax-exempt securities 140,612 (*)71,070 530

Other current assets 1,110,156 152,791 210,654

Loans to shareholders 746,568 38,891 150,480

Mortgage and real

estate loans 278,687 99,306 (*)31,787

Other investments 2,103,562 424,973 302,842

Depreciable assets 21,442,406 2,382,263 5,493,023

Less: Accumulated

depreciation 13,235,548 1,512,021 3,462,726

Depletable assets 149,704 1,102,256 (*)128,972

Less: Accumulated

depletion (*)22,102 (*)102,570 (*)77,923

Land 6,143,141 518,761 267,240

Intangible assets

(amortizable) 273,901 16,152 205,322

Less: Accumulated

amortization 87,979 8,075 38,975

Other assets 790,932 227,981 138,700

Total liabilities 25,034,625 4,016,330 5,303,215

Accounts payable 785,338 87,889 553,117

Mortgages, notes, and

bonds payable in

less than 1 year 3,876,979 446,855 661,585

Other current

liabilities 759,738 160,921 312,360

Loans from stockholders 5,521,681 215,860 800,839

Mortgages, notes,

and bonds payable

in 1 year or more 6,781,308 1,204,961 1,238,583

Other liabilities 566,181 124,606 242,741

Net worth, total 6,743,400 1,775,237 1,493,990

Capital stock 3,321,405 330,403 260,112

Paid-in or capital

surplus 7,804,720 188,302 771,610

Retained earnings,

unappropriated -3,882,781 1,273,802 522,800

Adjustments to

shareholders’

equity(1) (*)4,478 (*)6,305 —

Less: Cost of

treasury stock 504,422 23,575 60,532

Raw materials and Goods

energy production production

Item Mining Utilities Total

(7) (8) (9)

Number of returns 15,479 2,124 452,147

Number of shareholders 38,765 5,723 853,159

Total assets 20,310,165 2,492,929 408,336,013

Cash 2,140,753 307,404 43,143,344

Notes and accounts

receivable 2,088,064 323,370 103,283,809

Less: Allowance for

bad debts 10,309 1,593 1,184,529

Inventories 581,138 19,320 78,234,331

Investments in

Government

obligations 226,537 9,436 2,253,120

Tax-exempt securities 221,872 — 1,419,896

Other current assets 732,150 98,712 27,284,637

Loans to shareholders 343,844 351,375 5,785,646

Mortgage and real

estate loans (*)6,274 168 2,303,936

Other investments 6,525,712 293,254 30,194,303

Depreciable assets 10,940,694 2,106,265 217,188,476

Less: Accumulated

depreciation 7,061,455 908,439 126,544,224

Depletable assets 4,248,976 90,993 1,790,205

Less: Accumulated

depletion 2,203,861 42,017 307,233

Land 709,781 35,404 11,427,087

Intangible assets

(amortizable) 563,785 125,156 6,202,274

Less: Accumulated

amortization 236,694 44,992 1,844,442

Other assets 492,905 -270,886 7,705,377

Total liabilities 20,310,165 2,492,929 408,336,013

Accounts payable 1,322,166 138,051 65,441,340

Mortgages, notes, and

bonds payable in

less than 1 year 1,321,750 210,033 45,681,196

Other current

liabilities 1,181,083 180,127 41,589,781

Loans from stockholders 1,201,754 163,424 25,580,703

Mortgages, notes,

and bonds payable

in 1 year or more 3,797,468 779,889 69,401,039

Other liabilities 992,233 425,454 9,472,116

Net worth, total 10,493,712 595,952 151,169,837

Capital stock 485,333 84,891 11,440,022

Paid-in or capital

surplus 4,887,782 552,561 23,127,032

Retained earnings,

unappropriated 5,644,496 -23,531 122,870,112

Adjustments to

shareholders’

equity(1) 29,233 -1,641 750,196

Less: Cost of

treasury stock 553,132 (*)16,328 7,017,525

Goods production

Construction

Building,

developing, Heavy

Item Total and general construction

contracting

(10) (11) (12)

Number of returns 305,531 129,539 12,274

Number of shareholders 516,155 239,117 22,683

Total assets 170,971,279 96,007,915 24,923,672

Cash 22,159,848 9,973,628 4,535,277

Notes and accounts

receivable 45,858,227 17,892,406 7,915,798

Less: Allowance for

bad debts 261,455 54,917 98,418

Inventories 27,049,505 23,638,280 509,357

Investments in

Government

obligations 871,459 401,865 368,483

Tax-exempt securities 535,411 277,480 114,536

Other current assets 18,928,891 13,000,574 2,114,281

Loans to shareholders 3,442,162 1,967,383 286,545

Mortgage and real

estate loans 1,946,122 1,793,810 39,411

Other investments 12,510,065 8,280,451 2,537,230

Depreciable assets 61,796,355 16,871,492 15,784,046

Less: Accumulated

depreciation 35,569,282 7,285,837 9,941,245

Depletable assets 227,666 104,570 110,465

Less: Accumulated

depletion 52,883 (*)25,261 21,361

Land 7,851,875 6,707,016 388,881

Intangible assets

(amortizable) 857,642 297,674 50,690

Less: Accumulated

amortization 287,759 111,038 16,612

Other assets 3,107,431 2,278,336 246,307

Total liabilities 170,971,279 96,007,915 24,923,672

Accounts payable 33,893,732 17,550,062 6,288,340

Mortgages, notes, and

bonds payable in

less than 1 year 22,317,779 16,435,366 1,713,163

Other current

liabilities 22,287,543 11,376,386 3,535,078

Loans from stockholders 12,146,763 8,346,349 712,918

Mortgages, notes,

and bonds payable

in 1 year or more 27,350,430 17,989,379 3,026,883

Other liabilities 4,519,451 2,925,054 359,737

Net worth, total 48,455,582 21,385,319 9,287,553

Capital stock 4,710,473 2,813,813 412,275

Paid-in or capital

surplus 11,115,965 7,934,815 983,238

Retained earnings,

unappropriated 34,395,627 11,301,592 8,241,910

Adjustments to

shareholders’

equity(1) 252,814 165,951 52,522

Less: Cost of

treasury stock 2,019,298 830,853 402,391

Goods production

Construction Manufacturing

Special Food

Item trade Total manu-

contractors facturing

(13) (14) (15)

Number of returns 163,717 146,617 8,296

Number of shareholders 254,355 337,004 30,010

Total assets 50,039,693 237,364,734 20,318,690

Cash 7,650,943 20,983,496 1,658,281

Notes and accounts

receivable 20,050,022 57,425,582 4,135,122

Less: Allowance for

bad debts 108,119 923,075 52,192

Inventories 2,901,868 51,184,825 4,208,960

Investments in

Government

obligations 101,111 1,381,661 125,370

Tax-exempt securities 143,394 884,485 42,279

Other current assets 3,814,035 8,355,747 606,482

Loans to shareholders 1,188,233 2,343,484 180,321

Mortgage and real

estate loans 112,900 357,814 32,894

Other investments 1,692,384 17,684,238 1,374,689

Depreciable assets 29,140,817 155,392,120 15,062,537

Less: Accumulated

depreciation 18,342,201 90,974,941 8,235,397

Depletable assets (*)12,631 1,562,538 (*)12,780

Less: Accumulated

depletion (*)6,261 254,350 (*)3,042

Land 755,977 3,575,213 415,258

Intangible assets

(amortizable) 509,278 5,344,632 610,073

Less: Accumulated

amortization 160,108 1,556,684 117,804

Other assets 582,788 4,597,947 262,079

Total liabilities 50,039,693 237,364,734 20,318,690

Accounts payable 10,055,331 31,547,608 2,961,317

Mortgages, notes, and

bonds payable in

less than 1 year 4,169,250 23,363,418 1,998,359

Other current

liabilities 7,376,078 19,302,238 1,360,229

Loans from stockholders 3,087,496 13,433,940 737,287

Mortgages, notes,

and bonds payable

in 1 year or more 6,334,168 42,050,609 4,063,098

Other liabilities 1,234,660 4,952,665 379,747

Net worth, total 17,782,709 102,714,256 8,818,653

Capital stock 1,484,385 6,729,549 597,975

Paid-in or capital

surplus 2,197,912 12,011,067 871,396

Retained earnings,

unappropriated 14,852,126 88,474,485 7,510,904

Adjustments to

shareholders’

equity(1) 34,341 497,382 174,657

Less: Cost of

treasury stock 786,054 4,998,227 336,279

Goods production

Manufacturing

Beverage Textile

and mills

tobacco and Apparel

Item product textile manu-

manu- product facturing

facturing mills

(16) (17) (18)

Number of returns 1,497 3,535 8,197

Number of shareholders 8,001 8,622 15,326

Total assets 5,049,776 9,064,026 9,967,659

Cash 382,211 700,462 767,296

Notes and accounts

receivable 780,433 2,166,056 2,264,959

Less: Allowance for

bad debts 10,785 53,966 50,980

Inventories 1,020,967 2,286,453 3,722,949

Investments in

Government

obligations 35,570 155,709 (*)34,633

Tax-exempt securities (*)13,930 65,895 25,759

Other current assets 147,202 432,616 603,875

Loans to shareholders 55,181 61,665 166,059

Mortgage and real

estate loans (*)16,952 (*)16,977 (*)13,186

Other investments 426,843 675,684 654,698

Depreciable assets 3,873,677 5,479,833 4,013,290

Less: Accumulated

depreciation 2,339,351 3,446,181 2,479,691

Depletable assets 15 — —

Less: Accumulated

depletion 15 — —

Land 178,495 68,480 81,775

Intangible assets

(amortizable) 419,695 19,322 109,820

Less: Accumulated

amortization 141,973 7,241 58,010

Other assets 190,730 442,261 98,039

Total liabilities 5,049,776 9,064,026 9,967,659

Accounts payable 448,013 1,456,418 1,763,940

Mortgages, notes, and

bonds payable in

less than 1 year 438,006 955,516 1,457,030

Other current

liabilities 268,522 657,022 926,529

Loans from stockholders 364,963 248,119 2,568,656

Mortgages, notes,

and bonds payable

in 1 year or more 951,908 1,505,539 967,275

Other liabilities 52,767 109,729 253,270

Net worth, total 2,525,598 4,131,682 2,030,959

Capital stock 273,175 263,840 348,509

Paid-in or capital

surplus 439,157 370,641 573,274

Retained earnings,

unappropriated 1,861,010 3,747,690 1,272,399

Adjustments to

shareholders’

equity(1) (*)4,858 (*)3,024 (*)49,367

Less: Cost of

treasury stock 52,603 253,513 212,591

Goods production

Manufacturing

Leather

and Wood

allied product Paper

Item product manu- manu-

manu- facturing facturing

facturing

(19) (20) (21)

Number of returns 1,126 6,326 1,568

Number of shareholders 1,863 14,565 5,577

Total assets 1,239,059 13,628,234 12,537,052

Cash 155,135 882,577 702,909

Notes and accounts

receivable 315,306 2,335,125 1,870,567

Less: Allowance for

bad debts 7,017 30,592 36,016

Inventories 435,875 3,179,191 1,469,797

Investments in

Government

obligations — (*)35860 29,780

Tax-exempt securities 5 104 93,840

Other current assets 45,174 450,069 356,974

Loans to shareholders (*)4,373 123,681 66,604

Mortgage and real

estate loans — 42,693 (*)25,657

Other investments 74,179 774,258 3,367,310

Depreciable assets 528,511 8,620,749 8,141,246

Less: Accumulated

depreciation 357,158 4,876,520 4,529,437

Depletable assets — 1,196,904 98,099

Less: Accumulated

depletion — 28,591 2,013

Land 18,172 367,632 118,873

Intangible assets

(amortizable) 28,459 209,601 155,999

Less: Accumulated

amortization 22,073 44,415 35,779

Other assets 20,119 389,909 642,641

Total liabilities 1,239,059 13,628,234 12,537,052

Accounts payable 129,145 1,122,092 1,038,329

Mortgages, notes, and

bonds payable in

less than 1 year 154,776 1,610,542 775,301

Other current

liabilities 81,342 1,063,202 626,334

Loans from stockholders 266,186 624,869 240,761

Mortgages, notes,

and bonds payable

in 1 year or more 196,817 2,577,566 4,110,601

Other liabilities (*)3,797 220,993 343,715

Net worth, total 406,996 6,408,971 5,402,011

Capital stock 110,242 373,494 205,836

Paid-in or capital

surplus 35,592 560,549 1,682,184

Retained earnings,

unappropriated 383,059 5,799,843 3,681,389

Adjustments to

shareholders’

equity(1) — (*)-1,317 -130

Less: Cost of

treasury stock (*)121,897 323,598 167,267

Goods production

Manufacturing

Printing Petroleum

and and coal Chemical

Item related products manu-

support manu- facturing

activities facturing

(22) (23) (24)

Number of returns 18,365 624 4,633

Number of shareholders 31,924 1,019 15,160

Total assets 13,102,183 1,848,667 8,532,750

Cash 1,257,610 141,941 824,492

Notes and accounts

receivable 3,626,143 447,222 2,223,339

Less: Allowance for

bad debts 64,564 8,181 57,799

Inventories 1,267,221 291,742 1,654,220

Investments in

Government

obligations 46,552 — (*)25,864

Tax-exempt securities (*)24,849 1,104 (*)30,050

Other current assets 495,786 40,451 390,236

Loans to shareholders 140,213 5,223 55,246

Mortgage and real

estate loans (*)12,590 (*)6,224 (*)4,391

Other investments 625,180 143,945 717,747

Depreciable assets 11,810,989 1,355,694 5,137,270

Less: Accumulated

depreciation 6,916,990 697,269 2,979,693

Depletable assets — 7,094 174

Less: Accumulated

depletion — 2,296 61

Land 157,700 55,439 138,493

Intangible assets

(amortizable) 512,691 59,697 346,237

Less: Accumulated

amortization 140,539 16,079 91,082

Other assets 246,753 16,716 113,626

Total liabilities 13,102,183 1,848,667 8,532,750

Accounts payable 1,537,440 274,732 1,123,128

Mortgages, notes, and

bonds payable in

less than 1 year 1,473,189 153,221 764,324

Other current

liabilities 1,077,185 103,213 551,452

Loans from stockholders 761,350 114,134 975,911

Mortgages, notes,

and bonds payable

in 1 year or more 3,123,216 317,601 1,398,666

Other liabilities 202,478 48,763 149,955

Net worth, total 4,927,325 837,004 3,569,315

Capital stock 419,680 8,585 355,713

Paid-in or capital

surplus 476,633 28,665 518,264

Retained earnings,

unappropriated 4,293,465 801,131 2,871,073

Adjustments to

shareholders’

equity(1) 25,122 (*)6,367 -4,205

Less: Cost of

treasury stock 287,574 7,746 171,531

Goods production

Manufacturing

Plastics Non-

and metallic Primary

rubber mineral metal

Item products products manu-

manu- manu- facturing

facturing facturing

(25) (26) (27)

Number of returns 7,043 5,675 3,232

Number of shareholders 17,663 12,043 8,672

Total assets 16,644,614 7,909,935 9,424,299

Cash 1,315,916 817,574 594,217

Notes and accounts

receivable 4,621,571 1,753,943 2,571,718

Less: Allowance for

bad debts 63,556 24,779 39,521

Inventories 2,871,190 1,125,302 1,890,583

Investments in

Government

obligations 29,063 (*)55,347 20,052

Tax-exempt securities (*)161,521 (*)17,583 12,949

Other current assets 539,024 248,666 314,417

Loans to shareholders 126,849 80,910 109,951

Mortgage and real

estate loans 3,442 (*)21,784 2,055

Other investments 993,051 392,228 757,176

Depreciable assets 12,983,395 7,242,433 6,655,167

Less: Accumulated

depreciation 7,554,280 4,461,573 3,856,045

Depletable assets 11,584 24,273 163,375

Less: Accumulated

depletion 8,945 11,841 156,439

Land 200,154 269,847 171,604

Intangible assets

(amortizable) 297,321 177,631 182,623

Less: Accumulated

amortization 74,846 29,216 72,275

Other assets 192,159 209,823 102,693

Total liabilities 16,644,614 7,909,935 9,424,299

Accounts payable 2,878,531 1,053,900 1,524,739

Mortgages, notes, and

bonds payable in

less than 1 year 1,527,387 526,784 970,234

Other current

liabilities 1,056,066 554,689 883,565

Loans from stockholders 725,070 571,368 211,190

Mortgages, notes,

and bonds payable

in 1 year or more 2,688,027 1,605,892 1,706,128

Other liabilities 234,393 100,407 308,037

Net worth, total 7,535,140 3,496,895 3,820,407

Capital stock 350,570 329,551 275,712

Paid-in or capital

surplus 769,660 578,862 278,226

Retained earnings,

unappropriated 6,656,931 2,723,552 3,315,536

Adjustments to

shareholders’

equity(1) 674 594 (*)71,511

Less: Cost of

treasury stock 242,694 135,664 120,578

Goods production

Manufacturing

Computer

Fabricated and elec-

metal Machinery tronic

Item products manu- products

manu- facturing manu-

facturing facturing

(28) (29) (30)

Number of returns 22,590 10,394 6,548

Number of shareholders 50,694 24,698 14,309

Total assets 38,315,387 16,194,617 8,750,981

Cash 4,134,292 1,821,814 922,009

Notes and accounts

receivable 9,598,292 4,021,832 2,468,675

Less: Allowance for

bad debts 118,928 46,317 37,297

Inventories 7,482,960 4,200,086 2,078,814

Investments in

Government

obligations 205,939 115,879 (*)76,400

Tax-exempt securities 157,505 88,129 23,417

Other current assets 1,162,187 542,604 440,033

Loans to shareholders 375,237 92,316 158,162

Mortgage and real

estate loans 24,349 (*)20,396 1,740

Other investments 2,292,312 1,049,249 554,255

Depreciable assets 28,227,152 9,274,142 4,245,074

Less: Accumulated

depreciation 16,754,267 5,659,848 2,475,946

Depletable assets (*)16 — —

Less: Accumulated

depletion (*)15 — —

Land 512,220 206,236 104,072

Intangible assets

(amortizable) 656,300 305,221 172,769

Less: Accumulated

amortization 153,976 89,089 73,001

Other assets 513,810 251,967 91,806

Total liabilities 38,315,387 16,194,617 8,750,981

Accounts payable 4,491,709 1,825,199 1,438,802

Mortgages, notes, and

bonds payable in

less than 1 year 3,650,632 1,422,528 989,579

Other current

liabilities 2,753,245 1,814,212 982,444

Loans from stockholders 1,637,722 917,271 425,647

Mortgages, notes,

and bonds payable

in 1 year or more 6,443,088 2,566,103 1,084,438

Other liabilities 849,745 286,433 191,405

Net worth, total 18,489,246 7,362,871 3,638,666

Capital stock 821,505 444,832 179,611

Paid-in or capital

surplus 1,412,805 642,180 612,640

Retained earnings,

unappropriated 17,472,685 6,627,358 3,016,866

Adjustments to

shareholders’

equity(1) -411 25,799 -3,244

Less: Cost of

treasury stock 1,217,337 377,298 167,208

Goods production

Manufacturing

Electrical

equipment, Trans- Furniture

appliance, portation and

Item and equipment related

component manu- products

manu- facturing manu-

facturing facturing

(31) (32) (33)

Number of returns 5,909 4,811 6,047

Number of shareholders 11,924 9,467 11,687

Total assets 9,117,359 12,715,683 5,852,703

Cash 758,033 934,065 583,245

Notes and accounts

receivable 2,586,621 2,960,382 1,742,410

Less: Allowance for

bad debts 66,863 34,374 27,965

Inventories 2,316,754 3,581,751 1,544,108

Investments in

Government

obligations (*)34,899 (*)289,656 6,706

Tax-exempt securities (*)57,093 (*)17,536 (*)44,189

Other current assets 395,549 394,854 97,202

Loans to shareholders 94,083 162,095 40,490

Mortgage and real

estate loans 13,924 (*)5,624 5,067

Other investments 528,685 1,159,605 171,629

Depreciable assets 4,789,372 5,972,368 3,415,496

Less: Accumulated

depreciation 2,790,305 3,257,692 2,036,844

Depletable assets 1,877 644 —

Less: Accumulated

depletion 1,739 644 —

Land 132,075 115,782 88,965

Intangible assets

(amortizable) 171,087 287,960 156,254

Less: Accumulated

amortization 51,186 90,570 38,649

Other assets 147,401 216,640 60,401

Total liabilities 9,117,359 12,715,683 6,852,703

Accounts payable 1,292,399 1,934,273 760,405

Mortgages, notes, and

bonds payable in

less than 1 year 711,868 1,410,117 525,745

Other current

liabilities 1,144,049 1,346,868 557,422

Loans from stockholders 412,820 391,463 372,842

Mortgages, notes,

and bonds payable

in 1 year or more 1,294,625 1,694,762 831,573

Other liabilities 443,486 504,979 20,072

Net worth, total 3,818,111 5,433,222 2,784,644

Capital stock 229,597 281,914 197,203

Paid-in or capital

surplus 361,418 459,779 384,865

Retained earnings,

unappropriated 3,354,097 4,799,534 2,261,967

Adjustments to

shareholders’

equity(1) 80,044 56,402 612

Less: Cost of

treasury stock 207,046 164,408 60,003

Goods Distribution and

production transportation of goods

Wholesale

Manu- and retail

facturing trade

Miscel-

laneous

Item manu- Total Total

facturing

(34) (35) (36)

Number of returns 20,201 566,076 484,772

Number of shareholders 43,781 1,030,083 894,361

Total assets 17,151,059 389,720,707 351,747,722

Cash 1,629,418 37,308,237 33,849,158

Notes and accounts

receivable 4,935,867 82,118,997 75,382,603

Less: Allowance for

bad debts 91,384 1,110,909 1,033,082

Inventories 4,555,902 138,720,436 137,965,218

Investments in

Government

obligations 58,382 788,780 675,599

Tax-exempt securities (*)6,747 1,006,439 983,501

Other current assets 652,347 13,420,087 11,443,576

Loans to shareholders 244,827 5,369,014 4,345,335

Mortgage and real

estate loans 87,870 886,133 746,299

Other investments 951,515 18,708,196 16,337,077

Depreciable assets 8,563,727 159,440,735 119,243,658

Less: Accumulated

depreciation 5,270,453 87,904,386 66,827,892

Depletable assets (*)45,703 404,928 217,869

Less: Accumulated

depletion (*)38,709 248,272 104,033

Land 173,938 7,742,833 7,008,392

Intangible assets

(amortizable) 465,873 10,489,753 9,825,179

Less: Accumulated

amortization 208,882 3,375,432 3,191,856

Other assets 388,373 5,955,140 4,881,120

Total liabilities 17,151,059 389,720,707 351,747,722

Accounts payable 2,493,099 66,803,665 63,145,033

Mortgages, notes, and

bonds payable in

less than 1 year 1,848,279 81,187,626 76,960,481

Other current

liabilities 1,494,648 28,651,861 25,995,848

Loans from stockholders 866,311 33,121,338 29,009,329

Mortgages, notes,

and bonds payable

in 1 year or more 2,923,686 60,348,197 48,149,324

Other liabilities 248,495 5,719,702 4,922,087

Net worth, total 7,276,641 113,888,319 103,565,619

Capital stock 662,004 13,812,253 12,328,593

Paid-in or capital

surplus 954,277 26,142,943 20,231,441

Retained earnings,

unappropriated 6,023,995 79,901,930 76,168,119

Adjustments to

shareholders’

equity(1) 7,657 408,032 426,700

Less: Cost of

treasury stock 371,392 6,376,839 5,589,233

Distribution and

transportation of goods

Wholesale and retail trade

Wholesale trade

Durable Nondurable

Item Total goods goods

(37) (38) (39)

Number of returns 147,102 86,338 60,764

Number of shareholders 288,210 171,111 117,099

Total assets 159,966,932 91,159,325 68,807,607

Cash 14,229,661 7,435,039 6,794,622

Notes and accounts

receivable 49,567,302 28,588,422 20,978,880

Less: Allowance for

bad debts 690,922 422,811 268,111

Inventories 51,755,996 33,420,569 18,335,427

Investments in

Government

obligations 478,660 304,749 173,910

Tax-exempt securities 675,501 402,538 272,963

Other current assets 5,772,164 2,746,764 3,025,400

Loans to shareholders 1,616,792 929,581 687,211

Mortgage and real

estate loans 300,070 164,916 135,154

Other investments 9,323,123 4,376,955 4,946,167

Depreciable assets 48,625,307 24,567,341 24,057,965

Less: Accumulated

depreciation 28,416,003 14,135,362 14,280,641

Depletable assets 160,392 52,164 (*)108,229

Less: Accumulated

depletion 80,874 (*)17,012 (*)63,862

Land 2,217,548 944,150 1,273,398

Intangible assets

(amortizable) 3,681,523 1,333,869 2,347,654

Less: Accumulated

amortization 1,175,212 443,116 732,096

Other assets 1,925,904 910,568 1,015,336

Total liabilities 159,966,932 91,159,325 68,807,607

Accounts payable 37,314,025 21,342,630 15,971,396

Mortgages, notes, and

bonds payable in

less than 1 year 25,132,638 15,098,603 10,034,035

Other current

liabilities 11,523,915 6,681,736 4,842,179

Loans from stockholders 10,056,587 5,885,992 4,170,594

Mortgages, notes,

and bonds payable

in 1 year or more 18,111,165 9,652,991 8,458,174

Other liabilities 2,125,393 1,178,863 946,530

Net worth, total 55,703,209 31,318,511 24,384,699

Capital stock 3,797,201 2,057,395 1,739,805

Paid-in or capital

surplus 6,570,815 3,904,453 2,666,362

Retained earnings,

unappropriated 47,832,835 26,836,759 20,996,077

Adjustments to

shareholders’

equity(1) 196,089 115,051 81,038

Less: Cost of

treasury stock 2,693,731 1,595,148 1,098,583

Distribution and

transportation of goods

Wholesale and retail trade

Retail trade

Motor

vehicle Furniture

Item Total and and home

parts fur-

dealers nishings

(40) (41) (42)

Number of returns 337,251 46,613 18,305

Number of shareholders 605,636 82,834 34,078

Total assets 191,444,373 83,180,637 10,710,812

Cash 19,587,744 7,341,075 1,176,617

Notes and accounts

receivable 25,790,239 10,589,686 1,800,197

Less: Allowance for

bad debts 341,790 107,034 42,555

Inventories 86,096,203 49,479,358 4,469,765

Investments in

Government

obligations 196,940 (*)39,868 (*)17,438

Tax-exempt securities 308,000 (*)53,780 (*)50,970

Other current assets 5,662,856 1,848,981 334,080

Loans to shareholders 2,723,650 989,568 125,157

Mortgage and real

estate loans 446,228 54,822 (*)28,377

Other investments 6,999,555 1,723,152 343,085

Depreciable assets 70,497,802 17,311,491 3,781,038

Less: Accumulated

depreciation 38,379,574 8,933,901 1,877,901

Depletable assets 57,476 383 (*)11,024

Less: Accumulated

depletion 23,159 150 (*)7,955

Land 4,761,700 1,303,367 225,800

Intangible assets

(amortizable) 6,121,685 1,398,017 161,834

Less: Accumulated

amortization 2,014,272 407,827 46,119

Other assets 2,953,087 496,002 159,959

Total liabilities 191,444,373 83,180,637 10,710,812

Accounts payable 25,790,644 5,790,310 2,080,653

Mortgages, notes, and

bonds payable in

less than 1 year 51,766,615 42,447,731 748,986

Other current

liabilities 14,443,853 5,418,255 1,501,600

Loans from stockholders 18,939,835 6,319,153 731,353

Mortgages, notes,

and bonds payable

in 1 year or more 29,894,390 8,466,884 1,399,629

Other liabilities 2,786,655 720,082 281,895

Net worth, total 47,822,382 14,018,223 3,966,697

Capital stock 8,525,425 3,377,965 517,131

Paid-in or capital

surplus 13,648,220 3,855,083 659,584

Retained earnings,

unappropriated 28,313,610 7,464,025 2,792,637

Adjustments to

shareholders’

equity(1) 230,611 46,267 (*)74,676

Less: Cost of

treasury stock 2,895,483 725,118 77,332

Distribution and

transportation of goods

Wholesale and retail trade

Retail trade

Building

material

Elec- and garden Food

Item tronics equipment and

and and beverage

appliance supplies

dealers

(43) (44) (45)

Number of returns 17,299 19,718 52,362

Number of shareholders 31,112 38,827 96,797

Total assets 5,673,051 14,523,776 19,916,814

Cash 723,212 1,257,213 2,481,209

Notes and accounts

receivable 1,996,865 3,639,481 1,202,661

Less: Allowance for

bad debts 19,021 51,686 7,533

Inventories 1,417,052 5,212,113 4,796,142

Investments in

Government

obligations — (*)7,768 5,315

Tax-exempt securities (*)34,422 4,156 31,895

Other current assets 163,011 280,964 1,103,188

Loans to shareholders 111,178 320,812 354,058

Mortgage and real

estate loans (*)23,734 28,906 140,736

Other investments 109,814 984,767 1,058,163

Depreciable assets 1,767,688 5,527,022 14,572,991

Less: Accumulated

depreciation 953,395 3,389,641 8,364,761

Depletable assets 86 (*)18,222 (*)14,890

Less: Accumulated

depletion 86 (*)8,402 (*)1,081

Land 51,653 431,348 693,395

Intangible assets

(amortizable) 213,457 176,049 1,499,962

Less: Accumulated

amortization 50,357 46,933 500,308

Other assets 83,739 131,618 835,893

Total liabilities 5,673,051 14,523,776 19,916,814

Accounts payable 2,015,738 2,673,717 3,243,337

Mortgages, notes, and

bonds payable in

less than 1 year 418,533 1,654,238 1,077,884

Other current

liabilities 577,161 895,601 1,287,661

Loans from stockholders 356,312 913,736 2,627,544

Mortgages, notes,

and bonds payable

in 1 year or more 754,402 2,389,439 5,233,140

Other liabilities 57,923 292,074 279,048

Net worth, total 1,492,981 5,704,971 6,168,200

Capital stock 132,438 532,873 1,072,041

Paid-in or capital

surplus 369,965 630,720 1,005,472

Retained earnings,

unappropriated 1,040,077 4,840,741 4,464,913

Adjustments to

shareholders’

equity(1) (*)-11,505 (*)55,703 28,635

Less: Cost of

treasury stock 37,994 355,066 402,860

Distribution and

transportation of goods

Wholesale and retail trade

Retail trade

Clothing

Health and

Item and Gasoline clothing

personal stations acces-

care sories

(46) (47) (48)

Number of returns 20,123 20,221 27,995

Number of shareholders 32,803 36,978 48,039

Total assets 5,368,229 10,627,532 7,503,519

Cash 897,074 1,155,811 759,579

Notes and accounts

receivable 728,965 611,967 552,469

Less: Allowance for

bad debts 7,592 5,140 6,827

Inventories 1,921,052 1,131,077 4,218,164

Investments in

Government

obligations — (*)26,181 (*)816

Tax-exempt securities (*)12,063 (*)2,244 (*)89,458

Other current assets 123,366 255,826 285,899

Loans to shareholders 113,089 99,885 94,821

Mortgage and real

estate loans (*)5,102 34,578 (*)10,900

Other investments 319,552 557,771 309,979

Depreciable assets 1,993,819 8,369,022 2,379,366

Less: Accumulated

depreciation 1,202,017 3,701,739 1,403,753

Depletable assets (*)2,178 (*)8,915 —

Less: Accumulated

depletion (*)533 (*)3,624 —

Land 45,330 1,248,357 59,618

Intangible assets

(amortizable) 388,830 765,855 132,479

Less: Accumulated

amortization 140,370 204,104 49,376

Other assets 168,323 274,649 69,929

Total liabilities 5,368,229 10,627,532 7,603,519

Accounts payable 1,026,537 1,075,727 1,530,085

Mortgages, notes, and

bonds payable in

less than 1 year 292,082 499,765 617,147

Other current

liabilities 356,695 586,044 515,636

Loans from stockholders 679,385 870,424 1,011,295

Mortgages, notes,

and bonds payable

in 1 year or more 1,017,950 4,145,485 1,021,272

Other liabilities 150,723 127,779 222,123

Net worth, total 1,844,858 3,322,307 2,585,961

Capital stock 363,727 608,777 417,117

Paid-in or capital

surplus 634,297 874,570 732,914

Retained earnings,

unappropriated 1,121,051 1,935,862 1,562,600

Adjustments to

shareholders’

equity(1) (*)16,618 (*)1,914 (*)-4,577

Less: Cost of

treasury stock 290,835 98,816 122,092

Distribution and

transportation of goods

Wholesale and retail trade

Retail trade

Sporting

goods, General Miscel-

Item hobby, mer- laneous

book, and chandise store

music retailers

(49) (50) (51)

Number of returns 20,180 7,823 64,065

Number of shareholders 42,721 13,741 110,085

Total assets 5,507,045 3,454,378 16,773,125

Cash 449,422 372,955 1,930,929

Notes and accounts

receivable 575,178 380,268 2,166,896

Less: Allowance for

bad debts 10,709 2,953 13,634

Inventories 2,768,296 1,620,874 7,385,522

Investments in

Government

obligations 449 11,874 497

Tax-exempt securities 495 608 (*)14,487

Other current assets 219,011 62,734 444,627

Loans to shareholders 44,977 (*)31,609 257,440

Mortgage and real

estate loans 2,289 (*)382 60,817

Other investments 174,741 130,415 534,110

Depreciable assets 2,047,413 1,330,757 6,637,741

Less: Accumulated

depreciation 1,075,831 716,683 3,741,859

Depletable assets — — (*)56

Less: Accumulated

depletion — — (*)31

Land 106,915 80,614 418,971

Intangible assets

(amortizable) 137,741 106,168 629,605

Less: Accumulated

amortization 47,861 42,813 268,574

Other assets 114,520 87,568 315,524

Total liabilities 5,507,045 3,454,378 16,773,125

Accounts payable 1,342,166 658,913 3,013,622

Mortgages, notes, and

bonds payable in

less than 1 year 685,968 251,487 2,242,023

Other current

liabilities 397,801 302,993 1,594,316

Loans from stockholders 1,163,187 439,179 2,849,034

Mortgages, notes,

and bonds payable

in 1 year or more 792,683 516,343 2,722,948

Other liabilities 88,041 61,872 348,677

Net worth, total 1,037,199 1,223,591 4,002,507

Capital stock 379,598 146,779 702,597

Paid-in or capital

surplus 1,895,761 690,634 1,473,042

Retained earnings,

unappropriated -1,106,159 497,406 2,057,833

Adjustments to

shareholders’

equity(1) -900 76 (*)16,185

Less: Cost of

treasury stock 131,101 111,304 247,151

Distribution and

transportation of goods

Trans-

Wholesale and portation

retail trade and ware-

housing

Retail

trade

Wholesale

and

Nonstore retail

Item retailers trade Total

not

allocable

(52) (53) (54)

Number of returns 22,547 419 81,305

Number of shareholders 37,620 515 135,722

Total assets 8,205,455 336,417 37,972,985

Cash 1,042,648 31,753 3,459,078

Notes and accounts

receivable 1,545,606 25,062 6,736,393

Less: Allowance for

bad debts 67,105 370 77,827

Inventories 1,676,790 113,019 755,217

Investments in

Government

obligations 86,735 — 113,181

Tax-exempt securities (*)13,423 — 22,937

Other current assets 541,169 8,555 1,976,511

Loans to shareholders 181,056 (*)4,894 1,023,679

Mortgage and real

estate loans (*)55,585 — 139,834

Other investments 754,006 14,399 2,371,119

Depreciable assets 4,779,453 120,549 40,197,078

Less: Accumulated

depreciation 3,018,093 32,315 21,076,494

Depletable assets 1,722 — (*)187,059

Less: Accumulated

depletion 1,297 — (*)144,239

Land 96,333 (*)29,144 734,441

Intangible assets

(amortizable) 511,689 (*)21,970 664,574

Less: Accumulated

amortization 209,628 (*)2,372 183,576

Other assets 215,363 (*)2,128 1,074,020

Total liabilities 8,205,455 336,417 37,672,985

Accounts payable 1,339,838 40,364 3,658,632

Mortgages, notes, and

bonds payable in

less than 1 year 830,772 61,227 4,227,145

Other current

liabilities 1,010,092 28,080 2,656,013

Loans from stockholders 979,231 (*)12,908 4,112,008

Mortgages, notes,

and bonds payable

in 1 year or more 1,434,216 143,770 12,198,872

Other liabilities 156,418 (*)10,039 797,615

Net worth, total 2,454,887 40,028 10,322,700

Capital stock 274,382 5,967 1,483,681

Paid-in or capital

surplus 826,179 12,407 5,911,502

Retained earnings,

unappropriated 1,642,623 21,674 3,733,811

Adjustments to

shareholders’

equity(1) (*)7,518 — -18,668

Less: Cost of

treasury stock 295,815 20 787,606

Distribution and

transportation of goods

Transportation and warehousing

Transit

Air, rail, and

and water Truck ground

Item trans- trans- passenger

portation portation trans-

portation

(55) (56) (57)

Number of returns 5,993 40,805 8,049

Number of shareholders 7,971 70,300 10,642

Total assets 8,744,329 16,143,376 3,058,639

Cash 695,490 1,489,597 201,552

Notes and accounts

receivable 684,532 3,407,873 403,448

Less: Allowance for

bad debts 10,063 42,302 1,677

Inventories 184,246 109,653 33,827

Investments in

Government

obligations 18,434 11,913 588

Tax-exempt securities 5,630 (*)6,601 —

Other current assets 352,294 749,718 184,472

Loans to shareholders 264,252 417,082 160,853

Mortgage and real

estate loans (*)44,716 (*)31,616 1,605

Other investments 597,099 717,845 128,522

Depreciable assets 9,089,365 20,168,125 3,058,751

Less: Accumulated

depreciation 3,650,852 11,618,232 1,647,541

Depletable assets 2,530 (*)181,981 1,903

Less: Accumulated

depletion 2,183 (*)141,162 306

Land 43,842 280,769 41,148

Intangible assets

(amortizable) 46,423 224,758 166,283

Less: Accumulated

amortization 20,609 77,744 20,981

Other assets 399,184 225,284 346,092

Total liabilities 8,744,329 18,143,376 3,058,539

Accounts payable 480,548 1,420,072 250,602

Mortgages, notes, and

bonds payable in

less than 1 year 621,783 2,321,507 450,029

Other current

liabilities 412,105 1,191,479 232,464

Loans from stockholders 1,363,805 746,381 221,725

Mortgages, notes,

and bonds payable

in 1 year or more 3,246,873 5,327,903 1,144,107

Other liabilities 175,355 212,625 74,465

Net worth, total 2,443,860 4,923,409 685,147

Capital stock 624,276 407,439 96,177

Paid-in or capital

surplus 3,201,609 550,648 178,192

Retained earnings,

unappropriated -1,098,949 4,188,389 505,401

Adjustments to

shareholders’

equity(1) (*)-51,244 20,841 3,074

Less: Cost of

treasury stock 231,832 243,907 (*)97,697

Distribution and

transportation of goods

Transportation and warehousing

Other

trans-

Pipeline portation Ware-

Item trans- and housing

portation support and

acti- storage

vities

(58) (59) (60)

Number of returns (*)47 22,794 3,615

Number of shareholders (*)81 37,597 9,131

Total assets (*)371,817 6,453,738 3,201,185

Cash (*)22,880 763,443 286,116

Notes and accounts

receivable (*)63,637 1,681,948 494,954

Less: Allowance for

bad debts — 21,490 2,295

Inventories (*)934 320,479 106,077

Investments in

Government

obligations (*)24,339 (*)13,331 (*)44,576

Tax-exempt securities — 9,351 1,355

Other current assets (*)21,893 505,946 162,187

Loans to shareholders (*)2,261 104,282 74,949

Mortgage and real

estate loans — (*)14,956 (*)46,942

Other investments (*)45,854 545,266 336,533

Depreciable assets (*)221,614 4,856,777 2,802,446

Less: Accumulated

depreciation (*)106,182 2,628,825 1,424,863

Depletable assets — — 645

Less: Accumulated

depletion — — 587

Land (*)130 174,477 194,074

Intangible assets

(amortizable) (*)53,287 132,586 41,238

Less: Accumulated

amortization (*)11,940 33,644 18,658

Other assets (*)33,108 14,855 55,496

Total liabilities (*)371,817 6,453,738 3,201,185

Accounts payable (*)61,909 1,127,686 317,815

Mortgages, notes, and

bonds payable in

less than 1 year (*)53,631 550,487 229,708

Other current

liabilities (*)6,636 590,452 222,878

Loans from stockholders (*)3,064 1,691,277 85,757

Mortgages, notes,

and bonds payable

in 1 year or more (*)66,317 1,408,679 1,004,992

Other liabilities (*)112,921 114,920 107,329

Net worth, total (*)67,339 970,238 1,232,706

Capital stock (*)89 272,614 83,066

Paid-in or capital

surplus (*)92,590 1,733,663 154,801

Retained earnings,

unappropriated (*)46,425 -990,257 1,082,801

Adjustments to

shareholders’

equity(1) (*)32 (*)12,856 (*)-4,228

Less: Cost of

treasury stock (*)71,798 58,638 83,734

Information

Motion

picture

Publishing and sound

Item Total industries recording

indus-

tries

(61) (62) (63)

Number of returns 56,082 16,724 13,479

Number of shareholders 115,281 34,821 22,131

Total assets 36,075,986 13,839,555 5,475,256

Cash 3,982,749 1,562,803 687,140

Notes and accounts

receivable 5,439,983 2,468,690 635,119

Less: Allowance for

bad debts 220,860 151,506 5,136

Inventories 1,255,968 727,545 319,696

Investments in

Government

obligations 270,704 149,101 (*)28,914

Tax-exempt securities 314,351 115,320 3,038

Other current assets 2,853,407 928,548 434,898

Loans to shareholders 870,524 240,923 211,117

Mortgage and real

estate loans 79,754 (*)23,994 (*)46,152

Other investments 7,959,432 3,425,437 1,076,437

Depreciable assets 15,716,702 5,011,154 3,123,026

Less: Accumulated

depreciation 8,983,498 2,994,748 1,618,716

Depletable assets (*)644 — —

Less: Accumulated

depletion (*)427 — —

Land 592,105 184,899 120,180

Intangible assets

(amortizable) 4,852,807 1,805,246 488,636

Less: Accumulated

amortization 1,627,571 453,088 360,501

Other assets 1,719,212 795,236 285,256

Total liabilities 35,075,986 13,839,555 5,475,256

Accounts payable 2,830,554 1,261,690 301,707

Mortgages, notes, and

bonds payable in

less than 1 year 1,893,892 608,136 402,414

Other current

liabilities 4,457,338 2,428,286 493,627

Loans from stockholders 3,903,298 872,631 1,265,968

Mortgages, notes,

and bonds payable

in 1 year or more 7,865,272 1,807,459 1,243,152

Other liabilities 2,002,807 1,260,616 136,916

Net worth, total 12,122,824 5,600,736 1,631,472

Capital stock 1,828,702 1,006,274 129,955

Paid-in or capital

surplus 6,182,179 1,261,345 1,318,562

Retained earnings,

unappropriated 4,908,720 3,641,264 205,841

Adjustments to

shareholders’

equity(1) -110,854 86,518 919

Less: Cost of

treasury stock 685,923 394,664 (*)23,806

Finance,

insurance,

real

Information estate, and

rental and

leasing

Broadcasting

Item and telecom- Information Total

munications services

(64) (65) (66)

Number of returns 17,690 8,189 403,085

Number of shareholders 44,453 13,877 880,071

Total assets 13,845,364 1,915,811 267,895,392

Cash 1,294,977 437,830 22,075,240

Notes and accounts

receivable 1,971,890 364,284 38,732,674

Less: Allowance for

bad debts 59,867 4,352 395,326

Inventories 205,754 2,974 1,252,316

Investments in

Government

obligations 92,689 — 9,395,493

Tax-exempt securities 189,445 6,549 1,480,443

Other current assets 1,029,165 460,796 21,189,211

Loans to shareholders 407,975 (*)10,508 5,467,950

Mortgage and real

estate loans (*)9,608 — 17,791,974

Other investments 3,327,852 129,707 38,967,914

Depreciable assets 6,721,759 860,764 126,580,144

Less: Accumulated

depreciation 3,872,185 497,850 47,176,934

Depletable assets (*)644 — 239,552

Less: Accumulated

depletion (*)427 — 70,130

Land 273,959 13,067 23,754,941

Intangible assets

(amortizable) 2,430,036 128,889 4,278,634

Less: Accumulated

amortization 754,464 59,518 1,461,640

Other assets 576,557 62,163 5,792,935

Total liabilities 13,845,364 1,915,811 267,895,392

Accounts payable 1,097,906 169,251 15,242,905

Mortgages, notes, and

bonds payable in

less than 1 year 719,427 163,915 26,881,830

Other current

liabilities 1,010,344 525,081 40,065,410

Loans from stockholders 1,452,305 312,395 27,408,173

Mortgages, notes,

and bonds payable

in 1 year or more 4,293,086 521,575 83,603,546

Other liabilities 557,197 48,078 10,081,641

Net worth, total 4,715,100 175,517 64,611,888

Capital stock 600,644 91,829 13,079,961

Paid-in or capital

surplus 3,027,491 574,781 33,703,800

Retained earnings,

unappropriated 1,544,745 -483,130 19,736,446

Adjustments to

shareholders’

equity(1) -196,605 (*)-1,686 445,447

Less: Cost of

treasury stock 261,175 (*)6,277 2,353,766

Finance, insurance, real estate,

and rental and leasing

Finance and insurance

Non-

Depository depository

credit credit

Item Total inter- inter-

mediation mediation

(67) (68) (69)

Number of returns 102,884 746 21,525

Number of shareholders 197,735 6,406 38,978

Total assets 109,971,229 25,423,460 29,023,384

Cash 11,811,395 1,506,086 2,767,800

Notes and accounts

receivable 31,325,435 11,221,247 9,693,551

Less: Allowance for

bad debts 311,976 130,384 148,970

Inventories 38,525 137 (*)3,581

Investments in

Government

obligations 8,705,580 3,397,856 (*)11,479

Tax-exempt securities 1,237,922 702,213 (*)26,084

Other current assets 10,440,511 799,575 2,621,413

Loans to shareholders 1,631,982 3,886 339,912

Mortgage and real

estate loans 13,654,338 4,318,307 8,643,668

Other investments 22,728,776 2,826,456 2,558,293

Depreciable assets 9,073,750 688,543 1,798,535

Less: Accumulated

depreciation 4,748,142 276,842 762,200

Depletable assets 137,183 554 (*)156

Less: Accumulated

depletion (*)58,057 — —

Land 628,781 64,338 73,012

Intangible assets

(amortizable) 1,845,774 44,078 336,611

Less: Accumulated

amortization 625,193 14,570 145,210

Other assets 2,454,644 271,979 1,205,670

Total liabilities 109,971,229 25,423,460 29,023,384

Accounts payable 11,845,609 2,148,284 1,063,622

Mortgages, notes, and

bonds payable in

less than 1 year 14,895,962 279,631 9,689,455

Other current

liabilities 34,346,283 18,652,076 4,286,738

Loans from stockholders 5,360,855 20,231 1,742,437

Mortgages, notes,

and bonds payable

in 1 year or more 11,933,419 682,155 6,328,695

Other liabilities 3,802,070 455,558 1,471,151

Net worth, total 27,787,031 3,185,525 4,441,287

Capital stock 2,835,422 181,068 671,517

Paid-in or capital

surplus 11,479,554 617,733 1,274,159

Retained earnings,

unappropriated 13,816,012 2,194,713 2,512,515

Adjustments to

shareholders’

equity(1) 409,102 218,126 40,260

Less: Cost of

treasury stock 753,059 26,116 57,163

Finance, insurance, real estate,

and rental and leasing

Finance and insurance

Securities,

commodity, Funds,

contracts, Insurance trusts,

other financial carriers and and other

Item investments and related financial

related activities vehicles

activities

(70) (71) (72)

Number of returns 33,846 45,777 990

Number of shareholders 72,137 77,876 2,337

Total assets 43,717,829 10,689,315 1,117,241

Cash 4,528,963 2,911,469 97,078

Notes and accounts

receivable 7,660,077 2,675,895 74,666

Less: Allowance for

bad debts 18,587 13,828 207

Inventories 25,136 — (*)9,671

Investments in

Government

obligations 5,220,005 66,230 10,009

Tax-exempt securities 425,059 (*)62,483 22,083

Other current assets 6,056,326 829,206 133,991

Loans to shareholders 673,855 595,871 (*)18,458

Mortgage and real

estate loans 524,588 (*)33,492 (*)134,283

Other investments 15,628,622 1,179,798 535,607

Depreciable assets 3,172,422 3,346,557 67,692

Less: Accumulated

depreciation 1,554,194 2,122,194 32,711

Depletable assets (*)136,173 (*)299 —

Less: Accumulated

depletion (*)57,758 (*)299 —

Land 337,194 148,430 5,807

Intangible assets

(amortizable) 390,214 1,073,997 (*)875

Less: Accumulated

amortization 77,898 386,935 (*)579

Other assets 647,632 288,845 40,519

Total liabilities 43,717,829 10,689,318 1,117,241

Accounts payable 5,146,838 3,477,940 8,925

Mortgages, notes, and

bonds payable in

less than 1 year 3,972,156 813,368 141,352

Other current

liabilities 9,821,437 1,406,449 179,583

Loans from stockholders 2,876,167 663,875 (*)58,145

Mortgages, notes,

and bonds payable

in 1 year or more 3,395,908 1,420,180 106,482

Other liabilities 1,505,552 330,884 38,924

Net worth, total 16,999,771 2,576,619 583,831

Capital stock 1,693,057 221,108 68,673

Paid-in or capital

surplus 8,653,341 734,941 199,380

Retained earnings,

unappropriated 6,862,298 1,931,820 314,666

Adjustments to

shareholders’

equity(1) 140,408 7,119 3,190

Less: Cost of

treasury stock 349,334 318,369 2,077

Finance, insurance, real estate,

and rental and leasing

Real estate and rental and leasing

Rental

Item Total Real and leasing

estate services

(73) (74) (75)

Number of returns 300,201 271,573 27,939

Number of shareholders 682,336 624,108 55,666

Total assets 157,924,163 136,877,752 20,749,757

Cash 10,263,844 9,027,804 1,216,951

Notes and accounts

receivable 7,407,239 5,283,967 2,072,772

Less: Allowance for

bad debts 83,350 47,135 36,122

Inventories 1,213,791 175,896 1,037,027

Investments in

Government

obligations 689,913 664,083 25,830

Tax-exempt securities 242,521 241,619 902

Other current assets 10,748,700 9,620,089 1,124,821

Loans to shareholders 3,835,968 3,315,278 491,146

Mortgage and real

estate loans 4,137,637 4,075,733 61,904

Other investments 16,239,138 14,614,149 1,563,391

Depreciable assets 117,506,394 91,516,629 25,961,190

Less: Accumulated

depreciation 42,428,792 28,809,631 13,603,332

Depletable assets 102,369 102,327 (*)42

Less: Accumulated

depletion 12,073 12,073 —

Land 23,126,160 22,843,274 281,284

Intangible assets

(amortizable) 2,432,860 2,021,000 202,123

Less: Accumulated

amortization 836,448 677,659 65,860

Other assets 3,338,291 2,922,402 415,687

Total liabilities 157,924,163 136,877,752 20,749,757

Accounts payable 3,397,296 2,358,938 990,079

Mortgages, notes, and

bonds payable in

less than 1 year 11,985,868 8,103,400 3,877,069

Other current

liabilities 5,719,126 4,824,569 886,628

Loans from stockholders 22,047,318 20,417,829 1,625,441

Mortgages, notes,

and bonds payable

in 1 year or more 71,670,127 63,907,650 7,582,998

Other liabilities 6,279,571 6,011,260 267,826

Net worth, total 36,824,857 31,254,108 5,519,716

Capital stock 10,244,538 9,746,723 478,387

Paid-in or capital

surplus 22,224,247 19,552,976 2,663,547

Retained earnings,

unappropriated 5,920,434 3,337,872 2,558,681

Adjustments to

shareholders’

equity(1) 36,345 47,326 -10,981

Less: Cost of

treasury stock 1,600,707 1,430,790 169,917

Finance,

insurance,

real

estate, Professional and

and rental business services

and

leasing

Profes-

Real sional,

estate and scien-

rental and tific, and

leasing technical

services

Lessors

of non-

Item financial Total Total

intangible

assets

(76) (77) (78)

Number of returns (*)690 505,090 371,152

Number of shareholders (*)2,562 814,939 572,538

Total assets (*)296,654 171,445,590 56,669,189

Cash (*)19,089 20,016,038 11,582,687

Notes and accounts

receivable (*)50,500 65,102,496 14,085,790

Less: Allowance for

bad debts (*)93 766,804 123,236

Inventories (*)868 2,517,357 1,860,896

Investments in

Government

obligations — 12,850,929 414,938

Tax-exempt securities — 3,413,263 207,416

Other current assets (*)3,790 11,069,449 4,723,447

Loans to shareholders (*)29,545 3,352,391 2,148,154

Mortgage and real

estate loans — 2,576,723 214,111

Other investments (*)61,598 25,318,352 6,104,722

Depreciable assets (*)28,575 45,674,574 28,418,987

Less: Accumulated

depreciation (*)15,829 27,455,320 17,263,632

Depletable assets — 59,326 (*)20,076

Less: Accumulated

depletion — 30,017 (*)8,466

Land (*)1,602 1,584,703 752,329

Intangible assets

(amortizable) (*)209,737 4,332,489 2,322,603

Less: Accumulated

amortization (*)92,929 1,466,771 629,695

Other assets (*)202 3,296,412 1,838,063

Total liabilities (*)296,654 171,445,590 56,669,189

Accounts payable (*)48,279 17,868,097 7,332,067

Mortgages, notes, and

bonds payable in

less than 1 year (*)5,399 11,868,990 5,907,043

Other current

liabilities (*)7,930 71,316,624 9,126,058

Loans from stockholders (*)4,049 11,777,249 7,911,075

Mortgages, notes,

and bonds payable

in 1 year or more (*)179,479 15,047,342 7,958,634

Other liabilities (*)485 4,998,206 2,353,485

Net worth, total (*)51,033 38,569,082 16,080,828

Capital stock (*)19,429 4,320,146 2,405,596

Paid-in or capital

surplus (*)7,723 16,546,862 8,072,940

Retained earnings,

unappropriated (*)23,881 19,400,314 6,678,026

Adjustments to

shareholders’

equity(1) — 251,852 165,565

Less: Cost of

treasury stock — 1,950,092 1,241,299

Professional and business services

Professional, scientific,

and technical services

Accounting,

tax Architectural,

preparation, engineering

Item Legal bookkeeping, and

services and related

payroll services

services

(79) (80) (81)

Number of returns 36,524 26,683 49,457

Number of shareholders 50,134 42,893 82,887

Total assets 4,503,258 1,701,834 6,056,686

Cash 1,354,711 388,392 1,196,499

Notes and accounts

receivable 229,192 172,763 1,641,914

Less: Allowance for

bad debts (*)440 48 14,907

Inventories 4,334 9 305,340

Investments in

Government

obligations (*)78,173 (*)51,762 1,968

Tax-exempt securities (*)41,774 — (*)39,890

Other current assets 672,673 76,357 274,275

Loans to shareholders 265,359 94,032 285,004

Mortgage and real

estate loans (*)16,211 — (*)11,055

Other investments 457,608 265,663 331,640

Depreciable assets 2,170,335 1,218,351 4,919,572

Less: Accumulated

depreciation 1,461,371 845,007 3,262,207

Depletable assets — (*)12,453 3,331

Less: Accumulated

depletion — (*)4,494 865

Land 42,521 (*)21,400 45,798

Intangible assets

(amortizable) 19,051 283,169 166,693

Less: Accumulated

amortization 9,537 67,921 35,107

Other assets 622,665 34,952 146,792

Total liabilities 4,503,258 1,701,834 6,056,686

Accounts payable 125,534 68,842 649,476

Mortgages, notes, and

bonds payable in

less than 1 year 345,055 244,288 622,145

Other current

liabilities 1,075,597 309,566 909,514

Loans from stockholders 336,182 236,706 555,438

Mortgages, notes,

and bonds payable

in 1 year or more 422,377 420,814 965,521

Other liabilities 518,650 101,166 109,119

Net worth, total 1,679,863 320,452 2,245,473

Capital stock 68,134 66,095 383,227

Paid-in or capital

surplus 1,090,700 209,318 558,437

Retained earnings,

unappropriated 600,476 78,738 1,487,697

Adjustments to

shareholders’

equity(1) (*)2,609 (*)4,986 -15,564

Less: Cost of

treasury stock 82,057 (*)38,684 168,324

Professional and business services

Professional, scientific,

and technical services

Other

Computer professional,

Specialized systems scientific

Item design design and and

services related technical

services services

(82) (83) (84)

Number of returns 19,242 58,753 180,493

Number of shareholders 23,663 94,199 278,763

Total assets 2,509,416 6,789,630 35,108,365

Cash 617,902 1,861,088 6,164,094

Notes and accounts

receivable 548,024 2,145,948 9,347,950

Less: Allowance for

bad debts 5,235 17,836 84,771

Inventories 297,786 276,592 976,835

Investments in

Government

obligations 366 (*)6,094 276,575

Tax-exempt securities 1,822 50,603 73,327

Other current assets 115,511 444,358 3,140,273

Loans to shareholders 82,477 172,200 1,249,082

Mortgage and real

estate loans (*)1,543 793 184,509

Other investments 167,692 336,396 4,545,724

Depreciable assets 1,455,714 3,006,009 15,649,005

Less: Accumulated

depreciation 857,967 1,786,344 9,050,737

Depletable assets — — (*)4,292

Less: Accumulated

depletion — — (*)3,107

Land (*)4,862 39,106 598,642

Intangible assets

(amortizable) 34,193 218,251 1,601,246

Less: Accumulated

amortization 8,479 86,192 422,460

Other assets 53,204 122,563 857,887

Total liabilities 2,509,416 6,789,630 35,108,365

Accounts payable 249,953 942,604 5,295,658

Mortgages, notes, and

bonds payable in

less than 1 year 167,903 1,034,969 3,492,683

Other current

liabilities 481,803 1,266,334 5,083,244

Loans from stockholders 310,392 859,996 5,612,361

Mortgages, notes,

and bonds payable

in 1 year or more 216,642 891,041 5,042,239

Other liabilities 139,608 250,108 1,234,834

Net worth, total 943,115 1,544,577 9,347,347

Capital stock 94,371 337,946 1,455,823

Paid-in or capital

surplus 156,432 347,693 5,710,360

Retained earnings,

unappropriated 727,425 975,977 2,807,713

Adjustments to

shareholders’

equity(1) — 105,399 68,135

Less: Cost of

treasury stock (*)35,113 222,438 694,683

Professional and business services

Administrative and support

and waste management and

remediaton services

Administrative

Management and

Item of Total support

companies services

(85) (86) (87)

Number of returns 11,471 122,466 116,389

Number of shareholders 39,780 202,621 189,392

Total assets 92,647,205 22,129,197 17,300,122

Cash 4,381,963 4,051,388 3,348,279

Notes and accounts

receivable 46,240,959 4,775,747 3,912,944

Less: Allowance for

bad debts 589,456 54,112 40,647

Inventories 30,209 626,252 532,214

Investments in

Government

obligations 12,397,120 38,871 30,262

Tax-exempt securities 3,169,484 36,363 33,225

Other current assets 4,144,530 2,201,472 1,840,842

Loans to shareholders 403,485 800,752 679,948

Mortgage and real

estate loans 2,270,520 92,092 72,221

Other investments 17,139,484 2,074,146 1,585,386

Depreciable assets 2,843,383 14,412,205 10,303,295

Less: Accumulated

depreciation 1,259,037 8,932,651 6,312,113

Depletable assets 8,285 (*)30,965 (*)88

Less: Accumulated

depletion 3,162 (*)18,389 (*)44

Land 355,889 476,484 225,711

Intangible assets

(amortizable) 301,944 1,707,942 1,255,600

Less: Accumulated

amortization 82,685 754,391 517,565

Other assets 894,290 564,060 350,475

Total liabilities 92,647,206 22,129,197 17,300,122

Accounts payable 8,274,971 2,261,060 1,920,135

Mortgages, notes, and

bonds payable in

less than 1 year 3,592,679 2,369,268 1,933,832

Other current

liabilities 59,359,538 2,831,028 2,508,904

Loans from stockholders 926,753 2,939,421 2,318,651

Mortgages, notes,

and bonds payable

in 1 year or more 1,974,532 5,114,176 3,910,368

Other liabilities 1,569,952 1,074,769 728,473

Net worth, total 16,948,781 5,539,473 3,979,759

Capital stock 1,066,193 848,357 698,068

Paid-in or capital

surplus 6,323,823 2,150,099 1,706,122

Retained earnings,

unappropriated 9,890,823 2,831,465 1,850,704

Adjustments to

shareholders’

equity(1) -17,667 103,954 12,448

Less: Cost of

treasury stock 314,391 394,402 287,583

Profes-

sional and Education, health and

business social assistance

services

Adminis-

trative

and

support

and waste

management

and

remediaton

services

Waste

management

Item and reme- Total Educational

diation services

services

(88) (89) (90)

Number of returns 6,077 155,372 20,527

Number of shareholders 13,229 248,508 33,545

Total assets 4,829,075 27,619,270 3,278,509

Cash 703,109 4,119,140 679,403

Notes and accounts

receivable 862,803 4,990,206 724,813

Less: Allowance for

bad debts 13,465 219,180 31,231

Inventories 94,038 338,117 68,790

Investments in

Government

obligations 8,609 25,547 1,316

Tax-exempt securities 3,138 (*)7,116 5,282

Other current assets 360,630 1,817,620 276,565

Loans to shareholders 120,804 1,253,055 99,922

Mortgage and real

estate loans (*)19,870 124,967 (*)41,861

Other investments 488,760 1,453,515 181,653

Depreciable assets 4,108,909 23,230,484 2,326,598

Less: Accumulated

depreciation 2,620,538 12,504,437 1,416,544

Depletable assets 30,877 (*)2,793 (*)1,836

Less: Accumulated

depletion 18,345 (*)1,735 (*)1,735

Land 250,774 800,616 155,566

Intangible assets

(amortizable) 452,342 2,082,471 181,726

Less: Accumulated

amortization 236,826 706,612 73,192

Other assets 213,585 805,587 55,880

Total liabilities 4,829,075 27,619,270 3,278,509

Accounts payable 340,926 1,797,679 240,339

Mortgages, notes, and

bonds payable in

less than 1 year 435,436 3,156,981 154,113

Other current

liabilities 322,124 4,282,382 745,767

Loans from stockholders 620,770 3,784,682 662,233

Mortgages, notes,

and bonds payable

in 1 year or more 1,203,808 9,800,253 544,447

Other liabilities 346,296 1,009,417 147,897

Net worth, total 1,559,714 3,787,877 783,714

Capital stock 150,288 1,048,184 171,852

Paid-in or capital

surplus 443,978 2,315,912 454,249

Retained earnings,

unappropriated 980,761 865,937 273,318

Adjustments to

shareholders’

equity(1) (*)91,507 102,832 (*)-6,534

Less: Cost of

treasury stock 106,819 544,987 109,172

Education, health and social assistance

Health care and social assistance

Offices of Offices

physicians of other

Item Total and health

dentists practitioners

(91) (92) (93)

Number of returns 134,844 55,822 37,462

Number of shareholders 214,963 76,123 56,167

Total assets 24,340,761 6,232,192 2,839,100

Cash 3,439,737 1,387,434 479,477

Notes and accounts

receivable 4,265,394 391,749 547,080

Less: Allowance for

bad debts 187,949 (*)26,717 (*)5,336

Inventories 269,327 56,209 83,356

Investments in

Government

obligations 24,231 262 —

Tax-exempt securities (*)1,834 (*)1,157 —

Other current assets 1,541,056 337,999 443,260

Loans to shareholders 1,153,133 515,923 225,867

Mortgage and real

estate loans 83,106 (*)2,629 1,539

Other investments 1,271,862 435,170 155,986

Depreciable assets 20,903,885 6,531,525 2,472,731

Less: Accumulated

depreciation 11,087,893 4,177,230 1,800,725

Depletable assets (*)957 — —

Less: Accumulated

depletion — — —

Land 645,050 74,999 (*)38,526

Intangible assets

(amortizable) 1,900,745 955,833 237,518

Less: Accumulated

amortization 633,420 300,128 79,812

Other assets 749,707 45,377 39,634

Total liabilities 24,340,761 6,232,192 2,839,100

Accounts payable 1,557,340 89,615 123,844

Mortgages, notes, and

bonds payable in

less than 1 year 3,002,868 733,259 555,839

Other current

liabilities 3,536,615 789,171 287,211

Loans from stockholders 3,122,448 725,017 437,532

Mortgages, notes,

and bonds payable

in 1 year or more 9,255,806 1,898,873 504,888

Other liabilities 861,521 164,588 127,900

Net worth, total 3,004,163 1,831,669 801,886

Capital stock 876,331 252,397 112,782

Paid-in or capital

surplus 1,861,662 385,293 288,691

Retained earnings,

unappropriated 592,619 1,269,385 375,224

Adjustments to

shareholders’

equity(1) 109,366 — (*)30,670

Less: Cost of

treasury stock 435,815 75,406 (*)5,482

Education, health and social assistance

Health care and social assistance

Hospitals,

Miscellaneous nursing,

Outpatient health and resi-

Item care care and dential

centers social care

assistance facilities

(94) (95) (96)

Number of returns 3,904 26,698 10,958

Number of shareholders 5,387 50,638 26,648

Total assets 952,041 3,783,014 10,534,414

Cash 152,386 522,805 897,635

Notes and accounts

receivable 224,256 867,737 2,234,572

Less: Allowance for

bad debts (*)3,674 57,743 94,479

Inventories (*)11,270 65,199 53,293

Investments in

Government

obligations — 1,784 22,185

Tax-exempt securities — — 676

Other current assets 16,237 159,532 584,027

Loans to shareholders (*)36,972 149,544 224,827

Mortgage and real

estate loans — (*)47,264 31,674

Other investments 214,797 101,470 364,438

Depreciable assets 388,610 3,208,243 8,302,777

Less: Accumulated

depreciation 164,751 1,683,056 3,262,131

Depletable assets — (*)484 473

Less: Accumulated

depletion — — —

Land (*)25,723 86,353 419,449

Intangible assets

(amortizable) 56,144 284,793 366,456

Less: Accumulated

amortization 19,867 97,158 136,456

Other assets 13,937 125,764 524,997

Total liabilities 952,041 3,783,014 10,534,414

Accounts payable 94,265 196,739 1,052,877

Mortgages, notes, and

bonds payable in

less than 1 year 77,436 595,755 1,040,579

Other current

liabilities 87,131 996,299 1,376,803

Loans from stockholders 75,096 903,113 981,690

Mortgages, notes,

and bonds payable

in 1 year or more 252,430 1,305,473 5,294,142

Other liabilities (*)67,014 172,597 329,421

Net worth, total 298,668 -386,962 458,902

Capital stock 35,322 153,905 321,925

Paid-in or capital

surplus 288,634 440,553 458,492

Retained earnings,

unappropriated -63,408 -831,029 -157,554

Adjustments to

shareholders’

equity(1) (*)39,695 (*)-6,487 (*)45,488

Less: Cost of

treasury stock (*)1,575 143,903 209,449

Leisure, accommodation, and food services

Arts, entertainment,

and recreation

Other

arts,

Item Total Total entertainment,

and

recreation

(97) (98) (99)

Number of returns 201,973 54,882 27,128

Number of shareholders 418,882 109,006 44,167

Total assets 75,963,660 20,925,896 6,756,733

Cash 8,256,199 2,608,213 1,225,400

Notes and accounts

receivable 3,334,865 1,121,843 553,527

Less: Allowance for

bad debts 51,382 27,132 6,024

Inventories 1,982,370 500,410 171,554

Investments in

Government

obligations 449,211 (*)186,298 13,710

Tax-exempt securities 25,946 (*)22,285 9,835

Other current assets 2,793,022 993,123 512,465

Loans to shareholders 2,252,675 451,136 176,538

Mortgage and real

estate loans 780,502 182,288 (*)45,304

Other investments 5,109,174 1,980,113 1,122,776

Depreciable assets 71,954,287 18,020,657 3,158,383

Less: Accumulated

depreciation 34,205,449 9,244,808 1,574,254

Depletable assets 38,769 (*)9,902 (*)6,994

Less: Accumulated

depletion (*)15,515 (*)5 —

Land 6,648,439 2,120,180 238,490

Intangible assets

(amortizable) 6,417,180 1,456,091 820,873

Less: Accumulated

amortization 2,205,046 665,741 386,794

Other assets 2,398,413 1,211,041 667,955

Total liabilities 75,963,660 20,925,896 6,756,733

Accounts payable 4,450,518 1,092,101 475,621

Mortgages, notes, and

bonds payable in

less than 1 year 4,176,576 1,440,527 266,272

Other current

liabilities 6,045,889 2,453,932 1,067,205

Loans from stockholders 17,067,907 6,188,271 3,109,573

Mortgages, notes,

and bonds payable

in 1 year or more 31,669,292 6,870,155 1,479,935

Other liabilities 2,116,802 1,018,118 565,925

Net worth, total 10,436,677 1,862,792 -207,798

Capital stock 5,245,272 1,445,817 524,557

Paid-in or capital

surplus 14,348,727 5,094,304 2,168,898

Retained earnings,

unappropriated -8,334,685 -4,457,180 -2,865,702

Adjustments to

shareholders’

equity(1) 59,944 27,033 (*)16,660

Less: Cost of

treasury stock 882,581 247,182 52,211

Leisure, accommodation,

and food services

Arts,

enter-

tainment, Accommodation and

and food services

recreation

Amusement,

gambling,

Item and Total Accommodation

recreation

industries

(100) (101) (102)

Number of returns 27,754 147,091 21,995

Number of shareholders 64,838 309,876 58,621

Total assets 14,169,163 55,037,764 25,701,252

Cash 1,382,813 5,647,985 1,929,219

Notes and accounts

receivable 568,316 2,213,022 792,907

Less: Allowance for

bad debts 21,108 24,250 5,798

Inventories 328,856 1,481,961 154,042

Investments in

Government

obligations (*)172,588 262,914 (*)219,457

Tax-exempt securities (*)12,450 (*)3,662 1,021

Other current assets 480,658 1,799,899 790,344

Loans to shareholders 274,598 1,801,539 821,817

Mortgage and real

estate loans 136,984 598,214 272,357

Other investments 857,337 3,129,061 1,799,238

Depreciable assets 14,862,274 53,933,629 24,840,268

Less: Accumulated

depreciation 7,670,554 24,960,641 9,508,397

Depletable assets (*)2,908 (*)28,867 (*)6,778

Less: Accumulated

depletion (*)5 (*)15,511 (*)418

Land 1,881,691 4,528,259 2,915,490

Intangible assets

(amortizable) 635,218 4,961,088 695,724

Less: Accumulated

amortization 278,948 1,539,305 198,947

Other assets 543,087 1,187,372 176,149

Total liabilities 14,169,163 55,037,764 25,701,262

Accounts payable 616,480 3,358,416 706,891

Mortgages, notes, and

bonds payable in

less than 1 year 1,174,255 2,736,049 922,348

Other current

liabilities 1,386,727 3,591,957 1,140,000

Loans from stockholders 3,078,698 10,879,636 4,101,118

Mortgages, notes,

and bonds payable

in 1 year or more 5,390,219 24,799,137 14,128,039

Other liabilities 452,192 1,098,684 498,796

Net worth, total 2,070,590 8,573,885 4,204,060

Capital stock 921,259 3,799,455 1,651,909

Paid-in or capital

surplus 2,925,407 9,254,422 6,152,193

Retained earnings,

unappropriated -1,591,479 -3,877,505 -3,381,017

Adjustments to

shareholders’

equity(1) (*)10,374 32,911 -36,184

Less: Cost of

treasury stock 194,971 635,399 182,841

Leisure,

accommo-

dation, Other services

and food

services

Accommo-

dation and

food

services

Food

services Repair

Item and Total and

drinking maintenance

places

(103) (104) (105)

Number of returns 125,096 150,437 75,611

Number of shareholders 251,256 242,773 119,151

Total assets 29,336,512 21,501,749 11,653,113

Cash 3,718,766 2,713,860 1,436,621

Notes and accounts

receivable 1,420,115 2,863,642 1,624,986

Less: Allowance for

bad debts 18,452 29,671 19,320

Inventories 1,327,919 1,790,382 1,385,337

Investments in

Government

obligations (*)43,456 (*)114,497 (*)3,345

Tax-exempt securities (*)2,640 31,876 (*)18,570

Other current assets 1,009,555 613,613 291,880

Loans to shareholders 979,722 559,030 326,326

Mortgage and real

estate loans 325,857 113,339 (*)44,793

Other investments 1,329,823 939,293 355,128

Depreciable assets 29,093,361 19,537,638 10,006,838

Less: Accumulated

depreciation 15,452,245 10,845,664 5,653,093

Depletable assets (*)22,089 (*)51,053 (*)10,620

Less: Accumulated

depletion (*)15,093 (*)13,453 (*)8,735

Land 1,612,769 1,361,659 896,515

Intangible assets

(amortizable) 4,265,364 1,706,196 947,130

Less: Accumulated

amortization 1,340,358 514,463 233,906

Other assets 1,011,223 508,923 220,077

Total liabilities 29,336,512 21,501,749 11,653,113

Accounts payable 2,651,526 1,901,934 1,277,536

Mortgages, notes, and

bonds payable in

less than 1 year 1,813,701 1,576,587 1,085,314

Other current

liabilities 2,451,957 1,404,743 644,776

Loans from stockholders 6,778,518 3,574,533 1,644,093

Mortgages, notes,

and bonds payable

in 1 year or more 10,671,098 6,612,763 3,835,180

Other liabilities 599,888 671,866 175,085

Net worth, total 4,369,824 5,759,322 2,991,130

Capital stock 2,147,546 1,213,623 573,368

Paid-in or capital

surplus 3,102,229 1,903,075 869,545

Retained earnings,

unappropriated -496,488 3,006,089 1,772,914

Adjustments to

shareholders’

equity(1) 69,095 16,045 (*)-34,493

Less: Cost of

treasury stock 452,558 379,509 190,205

Other services

Religious,

Personal grantmaking, Nature of

and civic, business

Item laundry professional, not

services and similar allocable

organizations

(106) (107) (108)

Number of returns 74,189 (*)637 10,804

Number of shareholders 120,715 (*)2,907 18,164

Total assets 9,802,056 (*)46,579 767,809

Cash 1,276,689 (*)550 216,577

Notes and accounts

receivable 1,238,656 — 96,883

Less: Allowance for

bad debts 10,351 — 8,934

Inventories 405,045 — 38,856

Investments in

Government

obligations (*)111,152 — 1,550

Tax-exempt securities (*)13,306 — 3,007

Other current assets 321,733 — (*)14,299

Loans to shareholders 218,990 (*)13,714 (*)45,421

Mortgage and real

estate loans (*)68,546 — (*)21,386

Other investments 584,145 (*)19 (*)14,811

Depreciable assets 9,498,605 (*)32,196 417,551

Less: Accumulated

depreciation 5,192,571 — 204,825

Depletable assets (*)40,433 — —

Less: Accumulated

depletion (*)4,717 — —

Land 465,143 — (*)39,509

Intangible assets

(amortizable) 758,802 (*)264 (*)22,158

Less: Accumulated

amortization 280,394 (*)164 (*)2,381

Other assets 288,846 — 51,941

Total liabilities 9,802,056 (*)46,579 767,809

Accounts payable 624,398 — 572,138

Mortgages, notes, and

bonds payable in

less than 1 year 491,273 — (*)16,083

Other current

liabilities 759,967 — 23,329

Loans from stockholders 1,928,330 (*)2,110 285,569

Mortgages, notes,

and bonds payable

in 1 year or more 2,777,583 — 169,726

Other liabilities 486,771 (*)10,010 63,369

Net worth, total 2,733,733 (*)34,460 -362,407

Capital stock 608,543 (*)31,711 25,065

Paid-in or capital

surplus 1,033,895 (*)-365 224,568

Retained earnings,

unappropriated 1,230,061 (*)3,113 -606,795

Adjustments to

shareholders’

equity(1) (*)50,538 — 1,660

Less: Cost of

treasury stock 189,305 — (*)6,904

(*) Estimate should be used with caution because of the small number

of sample returns on which it is based.

(1) Adjustments to shareholders’ equity was added to the Form 1120S,

U.S. Tax Return for an S Corporation, for Tax Year 1997. Some examples

of adjustments included in this field are unrealized gains and losses

on securities held “available for sale”; foreign currency translation

adjustments; the excess of additional pension liability over

unrecognized prior service cost; guarantees of employee stock debt; and

compensation related to employee stock award plans.

NOTE: Detail may not add to total due to rounding.

Table 4.–S Corporations: Real Estate Rental Income,

by Selected Industrial Divisions and Sectors

[All figures are estimates based on samples–money

amounts are in thousands of dollars]

Agriculture,

All forestry,

Item industries fishing Mining Utilities

and

hunting

(1) (2) (3) (4)

Number of returns 222,182 6,096 295 (*)21

Gross income 22,828,573 279,449 44,666 (*)1,979

Real estate rental

expenses,

total 18,881,391 121,398 32,049 (*)2,766

Advertising 87,902 (*)26 (*)56 (*)2

Auto and travel 86,446 (*)73 15 (*)5

Cleaning and

maintenance 705,679 982 676 —

Commissions 119,996 1,515 187 —

Insurance 509,546 3,666 274 (*)41

Legal and other

professional

fees 1,081,475 2,785 1,337 (*)51

Interest 5,284,412 19,331 10,354 (*)1,283

Repairs 1,110,949 8,145 2,145 (*)86

Taxes 2,516,429 19,055 3,550 (*)54

Utilities 1,234,158 3,369 3,777 (*)27

Wages and

salaries 898,639 (*)107 188 (*)23

Depreciation 3,027,846 13,592 4,540 (*)950

Other expenses 2,217,914 48,751 4,950 (*)243

Net gain (less

loss) from

sales of

business

property 109,033 (*)1,526 — —

Gain 113,807 (*)1,526 — —

Loss 4,774 — — —

Net income (less

deficit) from

partnerships

and

fiduciaries 489,998 -2,293 -1,361 —

Income 906,899 2,997 11,958 —

Deficit 416,901 5,290 13,319 —

Real estate rental

net income

less deficit) 4,546,215 157,285 11,305 (*)-786

Income 6,673,561 162,325 25,967 (*)637

Deficit 2,127,346 5,040 14,662 (*)1,424

Wholesale and

retail trade

Item Construction Manufac- Total Wholesale

turing trade

(5) (6) (7) (8)

Number of returns 12,427 4,255 11,060 4,163

Gross income 764,143 265,678 778,219 299,293

Real estate rental

expenses,

total 655,019 139,731 436,385 147,760

Advertising 2,420 143 563 164

Auto and travel 1,836 416 1,593 510

Cleaning and

maintenance 17,861 4,120 7,564 3,756

Commissions 4,170 910 3,429 1,840

Insurance 12,806 3,113 9,926 3,333

Legal and other

professional

fees 16,157 3,609 14,822 3,646

Interest 238,509 18,672 102,401 30,462

Repairs 31,364 12,595 21,359 8,971

Taxes 75,336 24,774 55,230 17,718

Utilities 31,646 14,104 18,080 5,254

Wages and

salaries 24,834 3,332 14,291 8,400

Depreciation 125,848 36,244 114,292 39,940

Other expenses 72,233 17,698 72,835 23,766

Net gain (less

loss) from

sales of

business

property (*)3,065 (*)821 1,231 793

Gain (*)3,065 (*)821 1,235 797

Loss — — 5 4

Net income (less

deficit) from

partnerships

and

fiduciaries 63,340 10,468 14,035 7,188

Income 102,308 17,525 23,703 12,042

Deficit 38,968 7,057 9,669 4,854

Real estate rental

net income

(less deficit) 175,529 137,236 357,099 159,513

Income 276,699 154,771 396,456 177,580

Deficit 101,170 17,535 39,357 18,067

Wholesale and

retail trade

Wholesale Trans-

Retail and retail portation

Item trade trade not and ware- Information

allocable housing

(9) (10) (11) (12)

Number of returns 6,872 (*)25 854 1,418

Gross income 476,070 (*)2,856 119,021 82,150

Real estate rental

expenses,

total 286,517 (*)2,108 77,339 36,530

Advertising 399 — 259 77

Auto and travel 1,083 — (*)4 7

Cleaning and

maintenance 3,775 (*)32 5,226 1,288

Commissions 1,589 — 558 69

Insurance 6,593 — 2,635 713

Legal and other

professional

fees 11,175 — 3,585 183

Interest 70,654 (*)1,285 10,182 (*)5,309

Repairs 12,363 (*)25 2,134 1,016

Taxes 37,341 (*)171 9,540 2,846

Utilities 12,795 (*)31 4,798 1,083

Wages and

salaries 5,891 — 7,490 809

Depreciation 73,831 (*)521 12,779 14,429

Other expenses 49,027 (*)41 18,150 8,703

Net gain (less

loss) from

sales of

business

property 438 — 97 -83

Gain 438 — 97 —

Loss — — — 83

Net income (less

deficit) from

partnerships

and

fiduciaries 6,847 — 3,242 7,997

Income 11,661 — 3,378 9,036

Deficit 4,815 — 136 1,039

Real estate rental

net income

(less deficit) 196,838 (*)748 45,021 53,534

Income 218,128 (*)748 51,394 54,347

Deficit 21,290 — 6,372 813

Profes-

Real sional,

Finance estate and Real scienti-

Item and rental and estate fic, and

insurance leasing technical

services

(13) (14) (15) (16)

Number of returns 4,230 160,534 158,899 5,754

Gross income 147,242 19,459,104 19,263,243 223,779

Real estate rental

expenses,

total 133,511 16,576,489 16,423,526 144,715

Advertising 469 81,318 80,214 (*)477

Auto and travel 207 79,884 79,705 (*)574

Cleaning and

maintenance 5,719 645,886 644,010 2,907

Commissions 3,097 104,229 104,210 (*)547

Insurance 2,193 458,687 457,666 2,696

Legal and other

professional

fees 5,477 1,006,573 1,002,289 10,002

Interest 35,849 4,659,391 4,634,796 32,174

Repairs 13,571 989,976 982,337 7,730

Taxes 24,840 2,236,032 2,219,549 17,183

Utilities 10,005 1,101,682 1,096,664 11,586

Wages and

salaries 2,870 819,318 818,473 (*)1,270

Depreciation 18,849 2,531,230 2,506,425 37,926

Other expenses 10,365 1,862,282 1,797,188 19,644

Net gain (less

loss) from

sales of

business

property (*)2,048 93,464 93,464 —

Gain (*)2,062 98,127 98,127 —

Loss 14 4,663 4,663 —

Net income (less

deficit) from

partnerships

and

fiduciaries -9,876 393,334 392,545 -14,921

Income 35,312 628,297 627,451 15,994

Deficit 45,188 234,962 234,906 30,915

Real estate rental

net income

(less deficit) 5,903 3,369,296 3,325,609 64,142

Income 69,597 5,085,902 5,025,009 110,486

Deficit 63,693 1,716,606 1,699,399 46,344

Adminis-

trative

and sup- Health

Manage- port and Educa- care and

Item ment of waste tional social

companies management services assistance

and reme-

diation

services

(17) (18) (19) (20)

Number of returns 3,471 1,307 408 1,442

Gross income 61,163 31,676 (*)9,907 72,095

Real estate rental

expenses,

total 73,703 26,553 (*)9,881 49,385

Advertising 130 6 — (*)27

Auto and travel (*)19 (*)89 — 1

Cleaning and

maintenance (*)1,483 (*)615 (*)317 (*)1,160

Commissions (*)51 — — —

Insurance 944 541 3 493

Legal and other

professional

fees 956 (*)740 53 449

Interest 16,132 9,252 (*)3,877 20,524

Repairs 1,980 (*)701 113 1,838

Taxes 5,856 2,063 (*)1,273 1,714

Utilities 1,872 927 219 2,000

Wages and

salaries (*)1,962 640 4 159

Depreciation 10,098 7,528 (*)1,931 17,366

Other expenses 32,221 3,452 (*)2,091 3,654

Net gain (less

loss) from

sales of

business

property -10 4 — —

Gain — 4 — —

Loss 10 — — —

Net income (less

deficit) from

partnerships

and

fiduciaries -7,537 1,826 (*)2,883 2,744

Income 15,451 3,696 (*)2,883 2,997

Deficit 22,988 1,870 — (*)253

Real estate rental

net income

(less deficit) -20,087 6,954 2,909 25,454

Income 31,339 15,628 (*)4,192 27,901

Deficit 51,426 8,674 (*)1,283 2,447

Arts, Accom- Nature of

entertain- modation Other business

Item ment, and and food services not

recreation services allocable

(21) (22) (23) (24)

Number of returns 1,841 3,383 3,257 (*)127

Gross income 94,845 283,702 101,688 (*)8,067

Real estate rental

expenses,

total 67,001 237,856 55,802 (*)5,278

Advertising 115 1,646 (*)168 —

Auto and travel 13 1,514 (*)195 ((1))

Cleaning and

maintenance (*)1,361 7,440 (*)1,072 (*)5

Commissions — 1,213 19 —

Insurance 1,978 5,646 3,140 (*)51

Legal and other

professional

fees 5,273 9,151 (*)104 (*)168

Interest 18,759 59,632 20,800 (*)1,982

Repairs 2,246 11,256 2,602 (*)92

Taxes 6,912 21,871 6,621 (*)1,679

Utilities 2,713 22,504 (*)3,622 (*)147

Wages and

salaries 1,287 19,648 (*)393 (*)15

Depreciation 21,826 42,835 14,648 (*)935

Other expenses 4,519 33,500 2,418 (*)205

Net gain (less

loss) from

sales of

business

property — 6,870 — —

Gain — 6,870 — —

Loss — — — —

Net income (less

deficit) from

partnerships

and

fiduciaries 6,301 18,471 1,344 —

Income 8,008 21,848 1,508 —

Deficit 1,707 3,377 165 —

Real estate rental

net income

(less deficit) 34,144 71,257 47,229 (*)2,789

Income 47,162 106,721 48,748 (*)3,289

Deficit 13,018 35,464 (*)1,518 (*)500

(*) Estimate should be used with caution because of the small

number of sample returns on which it is based.

(1) Less than $500.

NOTE: Detail may not add to total due to rounding.

Table 5.–S Corporations: Total Income and Deductions, Portfolio

Income, Rental Income, and Total Net Income, by Number of Shareholders

[All figures are estimates based on samples–money amounts are in

thousands of dollars]

Number of

shareholders

Item Total(1) 1

(1) (2)

Number of returns 2,588,088 1,412,301

Number of shareholders 4,839,618 1,412,301

Total assets 1,455,483,439 448,976,087

Total receipts(2) 3,061,133,169 1,009,274,019

Business receipts 3,004,118,934 992,919,205

Interest on Government obligations:

State and local 989,514 261,166

Net gain, noncapital assets 7,072,292 2,206,021

Other receipts 48,952,430 13,887,626

Total deductions 2,935,284,231 967,458,153

Cost of goods sold 1,933,927,048 605,959,559

Compensation of officers 118,740,561 46,935,530

Salaries and wages 304,673,213 104,517,538

Repairs 18,852,368 6,605,623

Bad debts 6,287,840 2,384,971

Rent paid on business property 68,307,705 26,890,125

Taxes paid 62,621,621 21,720,988

Interest paid 37,153,707 11,195,378

Amortization 3,659,561 1,243,891

Depreciation 51,485,900 16,603,624

Depletion 495,092 44,294

Advertising 29,455,958 9,803,507

Pension, proffi-shadng, stock bonus,

and annuity plans 10,704,288 3,671,907

Employee benefit programs 22,010,877 6,284,722

Net loss, noncapital assets 641,708 332,997

Other deductions 266,266,785 103,263,500

Total receipts less total deductions(2) 125,848,938 41,815,865

Net income (less deficit) from a trade

or business(2) 124,859,425 41,554,699

Net income 171,096,577 62,728,913

Deficit 46,237,152 21,174,214

Portfolio income (less deficit)

distributed to shareholders 51,465,087 17,875,969

Dividend income 1,612,865 634,156

Interest income 10,629,968 3,577,791

Royalty income 619,003 238,652

Net short-term capital

gain (less loss) 507,233 363,710

Net long-term capital

gain (less loss) 37,953,826 13,010,074

Other portfolio income (net) 142,192 51,586

Real estate rental net income

(less deficit) 4,546,215 850,296

Net income 6,673,561 1,885,093

Deficit 2,127,346 1,034,797

Net income (less deficit) from

other rental activity 917,576 315,015

Net income 1,246,257 534,507

Deficit 328,681 219,492

Total net income (less deficit) 181,788,303 60,595,979

Net income 223,972,910 80,370,359

Deficit 42,184,607 19,774,380

Number of shareholders

Item 2 3

(3) (4)

Number of returns 769,747 183,461

Number of shareholders 1,539,494 550,382

Total assets 314,058,718 159,339,969

Total receipts(2) 831,764,971 361,749,239

Business receipts 818,044,694 355,228,427

Interest on Government obligations:

State and local 146,155 92,369

Net gain, noncapital assets 1,866,960 793,993

Other receipts 11,707,163 5,634,451

Total deductions 800,393,926 347,817,686

Cost of goods sold 535,460,266 239,696,710

Compensation of officers 33,935,743 13,708,890

Salaries and wages 79,903,515 32,924,648

Repairs 5,148,101 2,037,630

Bad debts 1,497,477 655,586

Rent paid on business property 19,504,755 6,879,473

Taxes paid 16,254,108 7,092,136

Interest paid 8,285,700 4,960,251

Amortization 794,028 439,234

Depreciation 12,835,075 5,641,897

Depletion 37,993 45,884

Advertising 7,898,952 3,212,178

Pension, proffi-shadng, stock bonus,

and annuity plans 2,231,349 1,123,111

Employee benefit programs 5,429,648 2,473,549

Net loss, noncapital assets 139,970 48,146

Other deductions 71,037,246 26,878,362

Total receipts less total deductions(2) 31,371,045 13,931,554

Net income (less deficit) from a trade

or business(2) 31,224,891 13,839,185

Net income 41,733,875 18,305,672

Deficit 10,508,985 4,466,487

Portfolio income (less deficit)

distributed to shareholders 8,783,908 6,505,157

Dividend income 261,188 171,803

Interest income 2,242,511 1,179,905

Royalty income 153,815 37,887

Net short-term capital

gain (less loss) 1,868 21,816

Net long-term capital

gain (less loss) 6,110,556 5,084,400

Other portfolio income (net) 17,705 9,347

Real estate rental net income

(less deficit) 1,125,809 594,682

Net income 1,621,690 726,482

Deficit 495,881 131,800

Net income (less deficit) from

other rental activity 193,861 54,421

Net income 241,903 87,091

Deficit 48,041 32,670

Total net income (less deficit) 41,328,468 20,993,446

Net income 51,255,965 24,999,047

Deficit 9,927,497 4,005,601

Number of shareholders

Item 4 – 10 11 – 20

(5) (6)

Number of returns 196,657 15,469

Number of shareholders 1,004,106 218,133

Total assets 331,190,675 97,276,120

Total receipts(2) 631,845,841 128,418,932

Business receipts 618,997,437 125,145,509

Interest on Government obligations:

State and local 265,822 98,759

Net gain, noncapital assets 1,706,905 287,336

Other receipts 10,875,677 2,887,327

Total deductions 604,967,081 121,901,982

Cost of goods sold 413,162,025 80,384,156

Compensation of officers 19,065,324 2,983,727

Salaries and wages 61,280,215 13,617,364

Repairs 3,769,903 835,014

Bad debts 1,182,894 279,506

Rent paid on business property 11,701,209 2,140,283

Taxes paid 12,811,284 2,921,330

Interest paid 8,016,882 2,226,229

Amortization 797,661 228,283

Depreciation 11,507,751 2,823,808

Depletion 195,408 143,735

Advertising 5,872,183 1,596,540

Pension, proffi-shadng, stock bonus,

and annuity plans 2,259,922 592,103

Employee benefit programs 5,278,732 1,377,719

Net loss, noncapital assets 102,508 7,305

Other deductions 47,963,181 9,744,879

Total receipts less total deductions(2) 28,878,760 6,516,950

Net income (less deficit) from a trade

or business(2) 26,612,938 6,418,191

Net income 34,146,140 7,786,764

Deficit 7,533,202 1,368,573

Portfolio income (less deficit)

distributed to shareholders 11,092,355 5,669,219

Dividend income 335,723 97,171

Interest income 2,519,009 583,321

Royalty income 145,018 17,058

Net short-term capital

gain (less loss) 73,941 63,092

Net long-term capital

gain (less loss) 7,998,060 4,875,116

Other portfolio income (net) 20,604 33,460

Real estate rental net income

(less deficit) 1,383,918 451,759

Net income 1,769,975 490,272

Deficit 386,058 38,513

Net income (less deficit) from

other rental activity 265,744 49,487

Net income 290,354 53,145

Deficit 24,611 3,658

Total net income (less deficit) 39,354,954 12,588,656

Net income 45,860,113 13,613,062

Deficit 6,505,159 1,024,406

Number of shareholders

Item 21 – 30 31 or more

(7) (8)

Number of returns 2,531 1,363

Number of shareholders 60,050 55,152

Total assets 37,827,234 65,908,873

Total receipts(2) 47,659,016 48,045,593

Business receipts 46,198,948 45,243,869

Interest on Government obligations:

State and local 41,952 83,264

Net gain, noncapital assets 96,638 106,922

Other receipts 1,321,478 2,611,538

Total deductions 45,329,585 44,982,902

Cost of goods sold 26,913,522 30,856,138

Compensation of officers 1,162,432 873,434

Salaries and wages 7,422,087 4,706,189

Repairs 218,142 206,511

Bad debts 89,143 182,898

Rent paid on business property 615,540 498,558

Taxes paid 1,076,205 701,519

Interest paid 950,561 1,499,126

Amortization 78,614 77,582

Depreciation 1,077,203 955,083

Depletion 25,501 2,278

Advertising 564,213 486,167

Pension, proffi-shadng, stock bonus,

and annuity plans 554,933 270,323

Employee benefit programs 662,328 498,480

Net loss, noncapital assets 5,048 5,733

Other deductions 3,914,114 3,162,882

Total receipts less total deductions(2) 2,329,431 3,062,691

Net income (less deficit) from a trade

or business(2) 2,287,479 2,979,427

Net income 2,934,173 3,395,887

Deficit 646,693 416,460

Portfolio income (less deficit)

distributed to shareholders 716,192 786,608

Dividend income 29,195 83,601

Interest income 256,323 270,644

Royalty income 16,514 10,059

Net short-term capital

gain (less loss) 245 14,844

Net long-term capital

gain (less loss) 406,241 435,824

Other portfolio income (net) 8,165 1,325

Real estate rental net income

(less deficit) 23,217 114,465

Net income 59,751 117,399

Deficit 38,534 2,933

Net income (less deficit) from

other rental activity 18,602 20,446

Net income 18,641 20,617

Deficit 39 171

Total net income (less deficit) 3,045,490 3,900,946

Net income 3,593,101 4,179,313

Deficit 547,611 278,367

(1) Total includes S corporations for which neither a number of

shareholders was reported nor a Schedule K-1, Shareholder’s Share

of Income, Credits, Deductions, etc., was filed.

(2) Includes interest on Government obligations: State and local,

which is not reflected in net income (less deficit) from a trade

or business.

NOTE: Detail may not add to total due to rounding.

Susan Wittman is an economist with the Corporation Special Projects Section. This article was prepared under the direction of Doug Shearer, Chief.

COPYRIGHT 2001 U.S. Government Printing Office

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