Corporate Profits



In the second quarterof 2009, according to preliminary estimates,
corporate profits before tax rose $114.4 billion (annual rate) and
profits aftertax rose $73.7 billion.

[Billions of dollars; quarterly data at seasonally adjusted annual rates]

This table contains the following series:

Starting series: Total Profits (before tax \1\) \2\

1999    776.6
2000    755.7
2001    720.8
2002    762.8
2003    892.2
2004    1,195.1
2005    1,609.5
2006    1,784.7
2007    1,730.4
2008    1,424.5
2006:I    1,781.9
II    1,771.4
III    1,822.8
IV    1,762.7
2007:I    1,705.4
II    1,779.1
III    1,732.9
IV    1,704.1
2008:I    1,512.9
II    1,463.8
III    1,522.2
IV    1,199.3
2009:I    1,327.6
II p    1,379.1

Starting series: Total Profits (before tax \1\) of Domestic industries

1999    655.0
2000    610.0
2001    551.1
2002    604.9
2003    726.4
2004    990.1
2005    1,370.0
2006    1,527.8
2007    1,382.6
2008    1,047.3
2006:I    1,535.0
II    1,516.1
III    1,571.8
IV    1,488.6
2007:I    1,423.2
II    1,467.9
III    1,362.4
IV    1,277.0
2008:I    1,100.6
II    1,096.8
III    1,125.0
IV    866.9
2009:I    1,011.9
II p    1,063.8

Starting series: Profits (before tax \1\): Financial

1999    189.3
2000    189.6
2001    228.0
2002    265.2
2003    311.8
2004    362.3
2005    443.6
2006    448.0
2007    367.8
2008    278.9
2006:I    466.5
II    467.8
III    434.8
IV    422.8
2007:I    384.2
II    406.2
III    378.2
IV    302.5
2008:I    357.0
II    330.8
III    297.5
IV    130.3
2009:I    253.9
II p    291.8

Starting series: Profits (before tax \1\): Total Nonfinancial \3\

1999    465.7
2000    420.4
2001    323.1
2002    339.7
2003    414.6
2004    627.8
2005    926.4
2006    1,079.9
2007    1,014.9
2008    768.4
2006:I    1,068.5
II    1,048.3
III    1,137.0
IV    1,065.8
2007:I    1,039.0
II    1,061.7
III    984.2
IV    974.5
2008:I    743.6
II    766.0
III    827.5
IV    736.6
2009:I    758.0
II p    772.0

Starting series: Profits (before tax \1\): Nonfinancial: Manufacturing

1999    148.8
2000    143.9
2001    49.7
2002    47.7
2003    69.4
2004    154.1
2005    247.2
2006    304.5
2007    278.6
2008    175.5
2006:I    294.4
II    302.3
III    336.4
IV    285.0
2007:I    288.9
II    316.0
III    244.0
IV    265.7
2008:I    187.6
II    160.1
III    205.7
IV    148.6
2009:I    121.6
II p    .........

Starting series: Profits (before tax \1\): Nonfinancial: Utilities

1999    33.7
2000    25.6
2001    25.2
2002    12.3
2003    12.4
2004    19.4
2005    29.8
2006    54.4
2007    49.1
2008    40.1
2006:I    45.2
II    53.1
III    60.8
IV    58.4
2007:I    51.3
II    46.6
III    47.3
IV    51.2
2008:I    33.1
II    43.1
III    43.5
IV    40.8
2009:I    53.6
II p    .........

Starting series: Profits (before tax \1\): Nonfinancial: Wholesale

1999    54.8
2000    58.7
2001    51.3
2002    49.1
2003    54.8
2004    75.6
2005    92.2
2006    103.7
2007    102.2
2008    75.1
2006:I    104.4
II    100.7
III    107.4
IV    102.2
2007:I    107.9
II    117.0
III    107.9
IV    76.0
2008:I    46.6
II    56.6
III    85.8
IV    111.5
2009:I    94.0
II p    ........

Starting series: Profits (before tax \1\): Nonfinancial: Retail

1999    65.7
2000    60.7
2001    72.6
2002    81.6
2003    88.9
2004    93.4
2005    122.6
2006    133.2
2007    121.6
2008    78.2
2006:I    132.3
II    123.3
III    136.4
IV    140.7
2007:I    127.9
II    137.2
III    118.7
IV    102.4
2008:I    75.6
II    80.2
III    77.1
IV    79.7
2009:I    83.1
II p    .........

Starting series: Profits before tax

1999    780.5
2000    772.5
2001    712.7
2002    765.3
2003    903.5
2004    1,229.4
2005    1,640.2
2006    1,822.7
2007    1,774.4
2008    1,462.7
2006:I    1,815.3
II    1,819.8
III    1,865.1
IV    1,790.7
2007:I    1,747.6
II    1,808.6
III    1,758.2
IV    1,783.1
2008:I    1,620.8
II    1,593.5
III    1,576.6
IV    1,060.1
2009:I    1,246.5
II p    1,360.9

Starting series: Tax liability

1999    258.8
2000    265.1
2001    203.3
2002    192.3
2003    243.8
2004    306.1
2005    412.4
2006    473.3
2007    451.5
2008    292.2
2006:I    460.7
II    475.1
III    496.6
IV    460.7
2007:I    469.5
II    466.5
III    440.0
IV    430.1
2008:I    323.2
II    317.5
III    304.8
IV    223.3
2009:I    270.3
II p    311.1

Starting series: Total Profits after tax

1999    521.7
2000    507.4
2001    509.4
2002    573.0
2003    659.7
2004    923.3
2005    1,227.8
2006    1,349.5
2007    1,322.8
2008    1,170.6
2006:I    1,354.6
II    1,344.7
III    1,368.5
IV    1,330.0
2007:I    1,278.1
II    1,342.1
III    1,318.2
IV    1,353.0
2008:I    1,297.6
II    1,276.0
III    1,271.9
IV    836.8
2009:I    976.1
II p    1,049.8

Starting series: Profits after tax: Dividends

1999    337.4
2000    377.9
2001    370.9
2002    399.3
2003    424.9
2004    550.3
2005    557.3
2006    704.8
2007    767.8
2008    689.9
2006:I    646.4
II    691.1
III    727.1
IV    754.5
2007:I    772.6
II    778.1
III    770.6
IV    749.9
2008:I    719.4
II    693.7
III    676.6
IV    669.9
2009:I    618.1
II p    r571.1

Starting series: Profits after tax: Undistributed profits

1999    184.3
2000    129.5
2001    138.5
2002    173.8
2003    234.8
2004    373.0
2005    670.5
2006    644.7
2007    555.1
2008    480.7
2006:I    708.2
II    653.6
III    641.4
IV    575.5
2007:I    505.5
II    564.0
III    547.6
IV    603.2
2008:I    578.2
II    582.3
III    595.3
IV    166.9
2009:I    358.0
II p    478.7

Starting series: Iventory valuation adjustment

1999    -4.0
2000    -16.8
2001    8.0
2002    -2.6
2003    -11.3
2004    -34.3
2005    -30.7
2006    -38.0
2007    -44.0
2008    -38.2
2006:I    -33.4
II    -48.4
III    -42.3
IV    -28.0
2007:I    -42.2
II    -29.5
III    -25.3
IV    -79.0
2008:I    -107.9
II    -129.6
III    -54.5
IV    139.2
2009:I    81.1
II p    18.2


\1\ See p. 4 forprofits with inventory valuation and capital consumption adjustments.
\2\ Includes rest of the world, not shown separately.
\3\ Includes industries not shown separately.

Note:--Data by industry beginning 1998 are based on the 1997 North American Industry Classification System (NAICS).

Source: Department of Commerce, Bureauof Economic Analysis.