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To: Cynic 2005 who wrote (2077)6/7/1998 8:00:00 AM
From: KENNETH R SANDERS  Respond to of 86076
 
MMV>>>> Actually, I can be in either of the groups - "we" or "they." -ggg-<<<<<< Have you noticed that "they" is the most overused pronoun that is overused on SI. Sorry, Mohan(this one not the other one)that as "deep" as I get<G>.



To: Cynic 2005 who wrote (2077)6/7/1998 12:56:00 PM
From: Joseph G.  Respond to of 86076
 
From the May 28 FedStat release:
Table 6.--Corporate Profits
[Billions of dollars]
-----------------------------------------------------------------------------------------------------------------------------------
Seasonally adjusted at annual rates
---------------------------------------------------
1995 1996 1997 I 97 II 97 III 97 IV 97 I 98
-----------------------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory valuation
and capital consumption adjustments....... 650.0 735.9 805.0 779.6 795.1 827.3 818.1 822.5

Profits before tax..................... 622.6 676.6 729.8 708.4 719.8 753.4 737.3 718.4

Profits tax liability................ 213.2 229.0 249.4 241.2 244.5 258.2 253.6 245.4

Profits after tax.................... 409.4 447.6 480.3 467.2 475.3 495.2 483.7 473.0

Dividends.......................... 264.4 304.8 336.1 326.8 333.0 339.1 345.6 352.2

Undistributed profits.............. 145.0 142.8 144.2 140.3 142.3 156.1 138.1 120.8

Inventory valuation adjustment......... -24.3 -2.5 5.5 3.5 5.9 3.6 9.2 30.2

Capital consumption adjustment......... 51.6 61.8 69.7 67.7 69.4 70.3 71.6 73.9

Addenda:

Net cash flow with inventory valuation
and capital consumption adjustments..... 601.3 654.3 695.1 678.9 690.2 707.9 703.4 714.6

Undistributed profits with inventory
valuation and capital consumption
adjustments........................... 172.4 202.1 219.5 211.5 217.6 230.0 218.9 224.9

Consumption of fixed capital........... 428.9 452.3 475.6 467.4 472.6 478.0 484.5 489.7

Less: Inventory valuation adjustment..... -24.3 -2.5 5.5 3.5 5.9 3.6 9.2 30.2

Equals: Net cash flow.................... 625.5 656.8 689.6 675.5 684.4 704.3 694.2 684.4
-----------------------------------------------------------------------------------------------------------------------------------

Table 7.--Corporate Profits by Industry
[Billions of dollars]
-----------------------------------------------------------------------------------------------------------------------------------
Seasonally adjusted at annual rates
---------------------------------------------------
1995 1996 1997 I 97 II 97 III 97 IV 97 I 98
-----------------------------------------------------------------------------------------------------------------------------------
Corporate profits with inventory
valuation and capital consumption
adjustments.......................... 650.0 735.9 805.0 779.6 795.1 827.3 818.1 822.5

Domestic industries........................ 563.2 640.0 706.5 682.2 694.4 727.5 721.8 723.5

Financial................................ 88.7 94.2 109.5 106.8 107.7 109.3 114.3 115.3
Nonfinancial............................. 474.6 545.8 596.9 575.4 586.7 618.2 607.5 608.2

Rest of the world.......................... 86.7 95.9 98.6 97.4 100.8 99.9 96.3 99.0
Receipts from the rest of the world...... 120.2 132.7 145.9 139.9 148.3 150.5 145.0 146.0
Less: Payments to the rest of the world. 33.5 36.7 47.3 42.5 47.5 50.6 48.7 47.0

Corporate profits with inventory
valuation adjustment................. 598.4 674.1 735.3 711.9 725.7 757.1 746.5 748.6

Domestic industries........................ 511.7 578.2 636.7 614.5 624.9 657.2 650.2 649.7

Financial................................ 97.6 103.5 119.5 116.5 117.5 119.4 124.5 125.7
Federal Reserve banks.................. 22.2 22.0 23.5 22.8 23.2 23.7 24.2 24.6
Other.................................. 75.4 81.5 96.0 93.7 94.3 95.7 100.3 101.0

Nonfinancial............................. 414.1 474.7 517.2 498.0 507.4 537.8 525.7 524.0

Manufacturing.......................... 181.3 205.5 224.7 208.2 221.0 240.4 229.0 .....

Durable goods........................ 85.2 99.0 114.5 101.3 111.8 128.1 116.6 .....
Primary metal industries........... 6.5 5.6 6.0 3.9 5.6 7.6 7.0 .....
Fabricated metal products.......... 12.4 17.1 18.9 17.4 18.4 20.8 18.8 .....
Industrial machinery and equipment. 22.0 25.8 28.8 24.0 27.8 32.5 30.8 .....
Electronic and other electric
equipment......................... 19.2 23.9 33.8 31.4 33.3 36.7 33.7 .....
Motor vehicles and equipment....... -.2 -3.2 -1.9 -1.3 -3.5 .4 -3.3 .....
Other.............................. 25.3 29.8 28.9 25.9 30.2 30.0 29.7 .....

Nondurable goods..................... 96.0 106.5 110.2 106.9 109.2 112.3 112.4 .....
Food and kindred products.......... 27.1 28.5 29.9 28.0 28.2 29.1 34.4 .....
Chemicals and allied products...... 30.3 31.2 29.3 28.8 29.9 30.0 28.6 .....
Petroleum and coal products........ 6.0 10.0 12.2 12.4 10.3 12.4 13.9 .....
Other.............................. 32.6 36.8 38.7 37.7 40.8 40.9 35.6 .....

Transportation and public utilities.... 86.4 91.7 90.7 91.5 89.6 90.0 91.5 .....
Transportation....................... 11.4 11.7 16.1 14.9 16.4 16.9 16.3 .....
Communications....................... 33.6 36.0 32.8 33.8 30.8 33.4 33.4 .....
Electric, gas, and sanitary services. 41.4 44.0 41.7 42.8 42.4 39.8 41.8 .....

Wholesale trade........................ 26.9 38.3 51.1 49.0 49.5 54.1 51.7 .....
Retail trade........................... 41.9 48.9 55.8 55.1 54.9 57.9 55.2 .....

Other.................................. 77.6 90.3 95.0 94.2 92.4 95.3 98.2 .....

Rest of the world.......................... 86.7 95.9 98.6 97.4 100.8 99.9 96.3 99.0
-----------------------------------------------------------------------------------------------------------------------------------



To: Cynic 2005 who wrote (2077)6/7/1998 1:01:00 PM
From: Joseph G.  Read Replies (1) | Respond to of 86076
 
Over 1995, 1998 profits increased ~20%, including inflation. Interest rates are about same. Stock prices are ~100% higher - Abby says: stocks are cheap, BUY BUY BUY!