Corporate Profits: Difference between revisions

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!Q/Q
!Q/Q
!Y/Y
!Y/Y
|-
|2023-10-01
|3,414.22
|4.07
|5.11
|2,803.16
|3.90
|3.82
|3,096.32
|2.60
|8.64
|-
|-
|2023-07-01
|2023-07-01
|3,281
|3,280.74
|3.43
|3.43
|  -0.56
|  -0.56
|2,698
|2,697.93
|3.69
|3.69
|  -2.06
|  -2.06
|3,018
|3,017.81
|3.96
|3.96
|0.14
|0.14
|-
|-
|2023-04-01
|2023-04-01
|3,172
|3,172.06
| 0.22
| 0.22
|  -2.70
|  -2.70
|2,602
|2,601.81
|0.51
|0.51
|  -4.08
|  -4.08
|2,903
|2,902.86
|0.76
|0.76
|  -7.81
|  -7.81
|-
|-
|2023-01-01
|2023-01-01
|3,165
|3,165.12
|  -2.56
|  -2.56
| 4.56
| 4.56
|2,589
|2,588.60
|  -4.13
|  -4.13
| 3.63
| 3.63
|2,881
|2,881.04
| 1.09
| 1.09
|  -0.99
|  -0.99
|-
|-
|2022-10-01
|2022-10-01
|3,248
|3,248.39
|  -1.54
|  -1.54
|8.62
|8.62
|2,700
|2,700.08
|  -1.98
|  -1.98
|7.06
|7.06
|2,850
|2,850.09
|  -5.42
|  -5.42
| 0.08
| 0.08
|-
|-
|2022-07-01
|2022-07-01
|3,299
|3,299.30
| 1.21
| 1.21
|11.50
|11.50
|2,755
|2,754.57
|1.55
|1.55
|7.88
|7.88
|3,013
|3,013.49
|  -4.30
|  -4.30
|3.64
|3.64
|-
|-
|2022-04-01
|2022-04-01
|3,260
|3,260.00
|7.69
|7.69
|9.08
|9.08
|2,713
|2,712.56
|8.59
|8.59
|4.48
|4.48
|3,149
|3,148.73
|8.21
|8.21
|6.71
|6.71
|-
|-
|2022-01-01
|2022-01-01
|3,027
|3,027.08
|1.22
|1.22
|9.96
|9.96
|2,498
|2,497.94
|  -0.95
|  -0.95
|4.04
|4.04
|2,910
|2,909.89
|2.18
|2.18
|8.91
|8.91
|-
|-
|2021-10-01
|2021-10-01
|2,991
|2,990.64
|1.07
|1.07
|20.41
|20.41
|2,522
|2,521.93
|  -1.23
|  -1.23
|17.98
|17.98
|2,848
|2,847.82
|  -2.06
|  -2.06
|20.29
|20.29
|-
|-
|2021-07-01
|2021-07-01
|2,959
|2,959.01
| -0.99
| -0.99
|8.55
|8.55
|2,553
|2,553.27
| -1.66
| -1.66
|6.97
|6.97
|2,908
|2,907.58
| -1.46
| -1.46
|14.70
|14.70
|-
|-
|2021-04-01
|2021-04-01
|2,989
|2,988.54
|8.56
|8.56
|45.00
|45.00
|2,596
|2,596.30
|8.13
|8.13
|45.45
|45.45
|2,951
|2,950.78
|10.44
|10.44
|60.58
|60.58
|-
|-
|2021-01-01
|2021-01-01
|2,753
|2,752.84
|10.83
|10.83
|21.68
|21.68
|2,401
|2,401.03
|12.32
|12.32
|20.42
|20.42
|2,672
|2,671.87
|12.86
|12.86
|32.95
|32.95
|-
|-
|2020-10-01
|2020-10-01
|2,484
|2,483.75
|  -8.88
|  -8.88
|  -1.35
|  -1.35
|2,138
|2,137.58
|  -10.44
|  -10.44
|  -2.82
|  -2.82
|2,367
|2,367.47
|  -6.61
|  -6.61
|11.67
|11.67
|-
|-
|2020-07-01
|2020-07-01
|2,726
|2,725.82
|32.25
|32.25
|8.77
|8.77
|2,387
|2,386.84
|33.72
|33.72
|7.50
|7.50
|2,535
|2,534.95
|37.95
|37.95
|20.74
|20.74
|-
|-
|2020-04-01
|2020-04-01
|2,061
|2,061.13
|  -8.90
|  -8.90
|  -15.73
|  -15.73
|1,785
|1,784.98
|  -10.47
|  -10.47
|  -16.87
|  -16.87
|1,838
|1,837.52
|  -8.56
|  -8.56
|  -10.45
|  -10.45
|-
|-
|2020-01-01
|2020-01-01
|2,262
|2,262.45
|  -10.14
|  -10.14
|  -6.19
|  -6.19
|1,994
|1,993.81
|  -9.36
|  -9.36
|  -6.15
|  -6.15
|2,010
|2,009.64
|  -5.21
|  -5.21
|  -1.43
|  -1.43
|-
|-
|2019-10-01
|2019-10-01
|2,518
|2,517.67
|0.46
|0.46
|4.66
|4.66
|2,200
|2,199.58
|  -0.93
|  -0.93
|4.76
|4.76
|2,120
|2,120.15
|0.98
|0.98
|5.17
|5.17
|-
|-
|2019-07-01
|2019-07-01
|2,506
|2,506.05
| 2.46
| 2.46
|5.68
|5.68
|2,220
|2,220.30
|3.40
|3.40
|7.16
|7.16
|2,099
|2,099.48
| 2.31
| 2.31
|4.23
|4.23
|-
|-
|2019-04-01
|2019-04-01
|2,446
|2,445.80
|1.41
|1.41
|3.07
|3.07
|2,147
|2,147.24
|1.07
|1.07
|3.68
|3.68
|2,052
|2,052.05
|0.65
|0.65
| -0.54
| -0.54
|-
|-
|2019-01-01
|2019-01-01
|2,412
|2,411.71
| 0.26
| 0.26
|4.37
|4.37
|2,124
|2,124.46
| 1.18
| 1.18
|4.74
|4.74
|2,039
|2,038.76
| 1.13
| 1.13
|2.61
|2.61
|}
== Q4 2023 ==
{| class="wikitable"
! rowspan="4" |
! colspan="8" |Billions of dollars<ref>https://www.bea.gov/sites/default/files/2024-03/gdp4q23-3rd.pdf</ref>
! colspan="7" |Percent change from preceding period
|-
! rowspan="3" |2021
! rowspan="3" |2022
! rowspan="3" |2023
! colspan="5" |Seasonally adjusted at annual rates
! rowspan="3" |2022
! rowspan="3" |2023
! colspan="4" |Quarterly rates
!Quarter one year  ago
|-
!2022
! colspan="4" |2023
! colspan="4" |2023
!2023
|-
!Q4
!Q1
!Q2
!Q3
!Q4
!Q1
!Q2
!Q3
!Q4
!Q4
|-
|'''Corporate  profits with inventory valuation and capital consumption adjustments'''
|'''2,922.8'''
|'''3,208.7'''
|'''3,258.0'''
|'''3,248.4'''
|'''3,165.1'''
|'''3,172.1'''
|'''3,280.7'''
|'''3,414.2'''
|'''9.8'''
|'''1.5'''
|'''-2.6'''
|'''0.2'''
|'''3.4'''
|'''4.1'''
|'''5.1'''
|-
|Less:  Taxes on corporate income
|404.6
|542.4
|585.2
|548.3
|576.5
|570.3
|582.8
|611.1
|34.1
|7.9
|5.1
| -1.1
|2.2
|4.8
|11.4
|-
|'''Equals:  Profits after tax with inventory valuation and capital consumption  adjustments'''
|'''2,518.1'''
|'''2,666.3'''
|'''2,672.9'''
|'''2,700.1'''
|'''2,588.6'''
|'''2,601.8'''
|'''2,697.9'''
|'''2,803.2'''
|'''5.9'''
|'''0.2'''
|'''-4.1'''
|'''0.5'''
|'''3.7'''
|'''3.9'''
|'''3.8'''
|-
|Net  dividends
|1,814.7
|1,887.3
|1,848.8
|1,839.8
|1,840.2
|1,855.8
|1,837.6
|1,861.4
|4.0
| -2.0
|0.0
|0.8
| -1.0
|1.3
|1.2
|-
|Undistributed  profits with inventory valuation and capital consumption adjustments
|703.4
|779.0
|824.1
|860.2
|748.4
|746.0
|860.3
|941.7
|10.8
|5.8
| -13.0
| -0.3
|15.3
|9.5
|9.5
|-
|'''Addenda  for corporate cash flow:'''
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|-
|'''Net cash  flow with inventory valuation adjustment'''
|'''2,764.9'''
|'''3,009.5'''
|'''3,296.5'''
|'''3,163.2'''
|'''3,171.7'''
|'''3,204.0'''
|'''3,346.1'''
|'''3,464.3'''
|'''8.8'''
|'''9.5'''
|'''0.3'''
|'''1.0'''
|'''4.4'''
|'''3.5'''
|'''9.5'''
|-
|Undistributed  profits with inventory valuation and capital consumption adjustments
|703.4
|779.0
|824.1
|860.2
|748.4
|746.0
|860.3
|941.7
|10.8
|5.8
| -13.0
| -0.3
|15.3
|9.5
|9.5
|-
|Consumption  of fixed capital
|2,074.3
|2,288.9
|2,471.8
|2,363.8
|2,422.8
|2,457.3
|2,485.3
|2,521.7
|10.3
|8.0
|2.5
|1.4
|1.1
|1.5
|6.7
|-
|Less:  Capital transfers paid (net)
|12.8
|58.5
| -0.6
|60.9
| -0.5
| -0.6
| -0.5
| -0.8
|..............
|..............
|..............
|..............
|..............
|..............
|..............
|-
|'''Addenda:'''
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|-
|Profits  before tax (without inventory valuation and capital consumption adjustments)
|3,249.1
|3,523.0
|3,559.7
|3,398.4
|3,457.6
|3,473.1
|3,600.6
|3,707.4
|8.4
|1.0
|1.7
|0.4
|3.7
|3.0
|9.1
|-
|Profits  after tax (without inventory valuation and capital consumption adjustments)
|2,844.5
|2,980.5
|2,974.5
|2,850.1
|2,881.0
|2,902.9
|3,017.8
|3,096.3
|4.8
| -0.2
|1.1
|0.8
|4.0
|2.6
|8.6
|-
|Inventory  valuation adjustment
| -257.1
| -96.2
|39.6
|100.4
|45.3
|40.5
|19.5
|53.3
|..............
|..............
|..............
|..............
|..............
|..............
|..............
|-
|Capital consumption adjustment
| -69.3
| -218.0
| -341.3
| -250.4
| -337.7
| -341.5
| -339.4
| -346.4
|..............
|..............
|..............
|..............
|..............
|..............
|..............
|}
|}