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LP-1 ON 4 L OVERLAP R LP-270 270-RP RP ■ 1 ON 62<br />

1967 CORPORATION<br />

S<br />

SOURCE BOOK OF STATISTICS OF INCOME<br />

ACTIVE CORPORATION INCOME TAX RETURNS. JULY 1967 JUNE 1968<br />

BALANCE SHEET, INCOME STATEMENT, TAM AND INVESTMENT CREDIT ITEMS. BY INDUSTRY GROUP AND BY SIZE OF TOTAL ASSETS<br />

RETURNS WITH AND WITHOUT NET INCOME<br />

ITEM<br />

(SIZE OF TOTAL ASSETS AND MONEY FIGURES IN THOUSANDS OF DOLLARS)<br />

SIZE OF TOTAL ASSETS<br />

OVER ZERO 50 100 250 500 1 , 000 5.000 10,000 25.000 50,000 100,000<br />

TOTAL ZERO UNDER UNDER UNDER UNDER UNDER UNDER UNDER UNDER UNDER UNDER UNDER 250,000<br />

ASSETS 50 100 250 500 1/000 5.000 10,000 25.000 50,000 100.000 250.000 OR MORE<br />

102<br />

MINOR INDUSTRY 1538<br />

CONTRACT CONSTRUCTION: Special trade contractors<br />

not elsewhere classified<br />

0<br />

O<br />

NUMBER OF RETURNS WITH AND WITHOUT NET INCOME<br />

1 TOTAL 40189 894 21969 6656 6605 2385 1052 586 29 11 1 1.<br />

2 WITH NET INCOME 24723 122* 11513 4730 5113 1953 803 457 20 10 1 1<br />

3 WITHOUT NET INCOME 15466 772 10456 1926 1492 432 249 129 9* 1<br />

It FORM 1120-S 7593 189* 4429 1554 1060 228* 76* 56 1<br />

5 TOTAL ASSETS 5070411 - 397328 485434 1048298 811469 717233 1082405<br />

•<br />

6 CASH 191132<br />

535205<br />

147685<br />

..<br />

49417<br />

62641 56664<br />

- 140010<br />

118242 79613 82966<br />

7 NOTES AND ACCOUNTS RECEIVABLE,<br />

103011<br />

1976248<br />

7896<br />

-<br />

17752<br />

127919<br />

1770<br />

181719 409573<br />

4650<br />

8<br />

297284 351262<br />

LESS. ALLOWANCE FOR BAD DEBTS<br />

450327<br />

25047<br />

72152 40115 9334 36563<br />

■ 892 1508 3120 3883<br />

0<br />

9 INVENTORIES 7362 5928<br />

646695 -<br />

818* 881<br />

33834 58827<br />

50<br />

107573 117002<br />

805<br />

INVESTMENTS IN GOVT. OBLIGI<br />

82522 159217 20831 18620 572 47697<br />

10 UNITED STATES 14394 .. 5 - 0<br />

11<br />

1236 5688 516 6568. ■<br />

STATE AND LOCAL 10 ■<br />

5058 - a 133 1984 105<br />

371<br />

12 OTHER CURRENT ASSETS 75 1959* ■ 793 ■<br />

269881 1<br />

■ 14493 19008 30997 42046<br />

13 LOANS TO STOCKHOLDERS<br />

27129 55643<br />

51224 -<br />

7912 34891<br />

9364 18109<br />

36170<br />

12186 7388<br />

1592<br />

14 MORTGAGE ANO REAL ESTATE LOANS<br />

1777* 2389<br />

10813<br />

11 .<br />

■ 450 3374<br />

15 OTHER INVESTMENTS<br />

1940 703* 714* 3529 103 . ■<br />

175803 - 6478 8547<br />

.<br />

30057 24234<br />

16 DEPRECIABLE ASSETS<br />

24830 42125<br />

2159502<br />

18659 3513 298 17062 0<br />

17<br />

- 249175 216803 578562 366849<br />

LESS, ACCUM DEPRECIATION<br />

256061 344553<br />

1091363<br />

73752<br />

..<br />

31167<br />

137138 110558<br />

3061<br />

301270<br />

.<br />

179218 131146<br />

39519<br />

18 DEPLETABLE ASSETS 185008<br />

2537<br />

21852<br />

439<br />

11161<br />

800*<br />

1947<br />

482* 47 232<br />

12065<br />

19 LESS) ACCUM DEPLETION 1<br />

761<br />

536 ■ 198 343 57 . 49<br />

0<br />

■<br />

20 LAND 114 . • .<br />

123993 - 8936 15933 26064 26703<br />

.<br />

21 11465<br />

INTANGIBLE ASSETS (AMORTIZABLE)<br />

25485<br />

10112<br />

3081*<br />

-<br />

4999<br />

1212<br />

200<br />

2970 819<br />

1127<br />

22<br />

1048<br />

LESS. ACCUM AMORTIZATION<br />

539 314<br />

3452<br />

421 3 . 2786<br />

■ 804 276 420 842 244 139 0<br />

23 OTHER ASSETS 209569<br />

333<br />

- 21406<br />

1 .<br />

15232 33450 26702 15946<br />

393<br />

78359 8695 7865 9 1905<br />

24 TOTAL LIABILITIES 5070411 - 397328 485434 1048298<br />

25 ACCOUNTS PAYABLE<br />

811469 717233 1082405<br />

1053709 -<br />

191132 147685<br />

95377<br />

49417<br />

107586 226430<br />

140010<br />

26 MORT.: NOTES. BONDS UNDER 1 YR<br />

145710 193919 210770<br />

589563<br />

36785 17168 3774<br />

■ 50294 58017 141336 99432<br />

16190<br />

27 OTHER CURRENT LIABILITIES<br />

75507 110836<br />

599971<br />

16411<br />

- 38676<br />

20291 73 .<br />

39688 79931 98457<br />

17366<br />

78595<br />

0<br />

28 LOANS FROM STOCKHOLDERS 140689<br />

168143<br />

38107<br />

-<br />

34875 42590 .<br />

54542 22112 37645 23595<br />

8363<br />

29 MORT., NOTES, BONDS OVER 1 YR<br />

15069 14443 737* ■<br />

518291 ■ 36777<br />

30<br />

54914 104288<br />

OTHER LIABILITIES<br />

81623 48811<br />

375636<br />

80112 32793 16932 21<br />

■ 18109 16540 32382 53466 53216<br />

62020 0<br />

31 CAPITAL STOCK 161616<br />

685136<br />

20306<br />

- 119667<br />

19321 9<br />

102367 167669 104685<br />

671<br />

32 PAID-IN OR CAPITAL SURPLUS<br />

76932<br />

119125<br />

80905 14980 5800 1072<br />

■ 6160 10345 33762 11059<br />

33 RETAINED EARNINGS, APPROP<br />

9261 19049<br />

11830<br />

21870 2888* 7476 714<br />

■ 770 503 3785 2114<br />

7600<br />

329*<br />

0<br />

34 RETAINED EARNINGS, UNAPPROP••.• 1006137<br />

3622 567<br />

-16875 81345<br />

140 .<br />

234924 204453<br />

.<br />

35 LESS' COST OF TREASURY STOCK<br />

159015 267844<br />

57130<br />

28536<br />

6169 7983<br />

28637 1517<br />

13854 11327 3209<br />

16741<br />

10302 978 2955 353 - 0<br />

36 TOTAL RECEIPTS . 12866743 78266 2006545 1449915 2827736 2027236<br />

37 BUSINESS RECEIPTS<br />

1690479 2190398<br />

12732441 76601<br />

243050<br />

1989875<br />

161168 37706<br />

1442620 2806556 154244<br />

INTEREST ON GOVT. OBLIGATIONS(<br />

2007001 1678996 2156925 232134 157762 37361 146610 0<br />

38 UNITED STATES 604 ■ 1<br />

39<br />

(5)*<br />

STATE AND LOCAL<br />

33 295 19 249<br />

4278<br />

7 15) .<br />

■ (5)<br />

■ 212<br />

40 OTHER INTEREST<br />

85 151 33 3923* ■<br />

9312 13 509 987<br />

24 15) 1<br />

0<br />

41 RENTS<br />

1982 1262<br />

29242<br />

984 2326<br />

230<br />

250<br />

517<br />

808 87 104<br />

42<br />

1512<br />

ROYALTIES<br />

2824 3778 4020<br />

1803<br />

5699<br />

477<br />

- 3296* 1409 121 5836 .<br />

■<br />

43<br />

(5) 180<br />

NET S-T CAP GAIN LESS 1...7 LOSS<br />

(51 49 18 881* - ■<br />

1119 555 55 341 17*<br />

198<br />

19 52*<br />

5<br />

44 NET L-T CAP GAIN LESS S . 1 ■ ■ T LOSS. 8378 63* 79<br />

O<br />

1086 413*<br />

45 NET GAIN. NONCAPITAL ASSETS<br />

1027 1369 166 3508 32 4 ■<br />

7160 508 2356 263 1516 710<br />

1330<br />

1998<br />

348 ' 638 110<br />

ill<br />

46 DIVIDENDS, DOMESTIC CORPS 31 11 22* 99<br />

3 3 85 .<br />

181 137 1199<br />

0<br />

47 DIVIDENDS. FOREIGN CORPS 1650 94* 65 .<br />

■ ■ . 45) -<br />

159<br />

O 48<br />

■<br />

OTHER RECEIPTS 1462 188*<br />

■<br />

68758 393 11635 3831 13093<br />

-<br />

12003 5708<br />

(51<br />

14399<br />

•<br />

6058 1092 134 462 ■ 0<br />

49 TOTAL DEDUCTIONS 12575435 78081 1999729 1436218 2765367<br />

50 COST OF SALES AND OPERATIONS••<br />

1974418<br />

9697475<br />

1644280 2103614<br />

58331 1469403<br />

234304 155863 36182 147379<br />

51<br />

1046618 2074841<br />

COMPENSATION OF OFFICERS 692469<br />

1540126<br />

4539<br />

1320508<br />

184202<br />

i738513 182891 130262 32127 103855 . 0<br />

52 REPAIRS<br />

120528 166569<br />

81312<br />

97473<br />

423<br />

61994 49799<br />

8791 7964<br />

5140 1302 641 282<br />

53 BAD DEBTS<br />

30784 15114<br />

27955 490<br />

7361 9058<br />

2955 3652<br />

701 349<br />

5415<br />

111 656 .<br />

54 RENT PAID ON BUSINESS PROPERTY 4662<br />

108650<br />

3443<br />

510<br />

5639<br />

21185<br />

1188 57 6 448 0<br />

55<br />

12062<br />

TAXES PAID<br />

26206 13564<br />

333384<br />

19487 11027<br />

1318 56346<br />

1102 937 317 2253<br />

56 INTEREST PAID<br />

39132 76972 50602<br />

70676<br />

44427<br />

435<br />

52137<br />

6925<br />

3673<br />

6996<br />

. 5464 610 2703<br />

57 CONTRIBUTIONS OR GIFTS<br />

15575<br />

3809<br />

11972 8276<br />

28*<br />

13236 2711 1537 38 2975 . 0<br />

58<br />

264<br />

AMORTIZATION<br />

134 526 701<br />

882<br />

604<br />

(51*<br />

1335 65 61 59 32<br />

59<br />

50<br />

DEPRECIATION<br />

17 474<br />

246801<br />

98<br />

1196<br />

102<br />

33790<br />

7<br />

30039<br />

11* 4 119<br />

60 DEPLETION<br />

64939 41534 29265<br />

237<br />

35636<br />

-<br />

5656<br />

3<br />

1773<br />

12*<br />

236<br />

115<br />

2737 .<br />

(5) . . 107<br />

0<br />

61 ADVERTISING ■<br />

36013 531 6963 5360 7796 . .<br />

62 PENSION. PROF SH.tANNUITY PLANS<br />

6919<br />

53059<br />

3267 3304 '<br />

410*<br />

494<br />

4635<br />

89 4 1260<br />

63 OTHER EMPLOYEE BENEFIT PLANS.•.<br />

2721 10743<br />

63595<br />

9598<br />

433*<br />

9252<br />

9994<br />

12913<br />

7845<br />

1627 566 183 .<br />

15194 6601 9763<br />

411<br />

41678<br />

.<br />

152 735<br />

5<br />

64 NET LOSS. NONCAPITAL ASSETS...• 3396 286*<br />

49<br />

604 232 224<br />

1151<br />

65 OTHER DEDUCTIONS 265<br />

1155722<br />

123<br />

9151<br />

- 1437<br />

193599<br />

207<br />

152900<br />

18 .<br />

268994 175189<br />

.<br />

126406 157895<br />

.<br />

28579 12709 1801 28497 - 0<br />

66 TOTAL RECEIPTS LESS DEDUCTIONS 291308 185 6816<br />

67 CONSTR TAX INC FM REL FOR CORP(1)<br />

13697 62369 52818 46199 86784<br />

• 175*<br />

8746 5305 1524<br />

■ . • 6865 ■<br />

68 NET INCOME (LESS DEFICIT)(2)<br />

.<br />

287205 /67* .<br />

185 . . . 6<br />

69 NET INCOME<br />

6816 13485 62284 52818<br />

444804<br />

46166 82869<br />

2470*<br />

8913<br />

50061<br />

5281<br />

40092<br />

1524 6864 .<br />

70 DEFICIT<br />

101141 64733 60685 99280<br />

157599 2285<br />

11654<br />

43245<br />

6300 1524 6864<br />

RETURNS OTHER THAN FORM 1120-S,<br />

26607 38857 11915 14519 16411 2741* 1019 . .<br />

71<br />

0<br />

NET INCOME (LESS DEFICIT)<br />

247461 -1046 -1540<br />

72 STATUTORY SPECIAL DEDS.0 TOTAL<br />

7813 48461 49998<br />

29034<br />

42290 79517<br />

31<br />

8299 5281 1524 6864<br />

73<br />

8263 4405<br />

NET OPERATING LOSS CARRYFRD<br />

7489<br />

27264<br />

3480 4<br />

1717 2903 440 1 71 - 135 - 0<br />

74<br />

8263 4405 7408<br />

DIVIDENDS RECEIVED DEDUCTION. 1733<br />

3348 1613 1786 359 78 . .<br />

01' 75<br />

27 151 (5)<br />

DED FOR DIV PD, PUB UTIL STK.<br />

el 132 104 1117 81* 56 .<br />

■ - - 135 ..<br />

■<br />

76 WESTERN HEMISPHERE TRADE'DED• -<br />

.<br />

37<br />

.<br />

.<br />

■ ■ ■<br />

...<br />

-<br />

0<br />

■<br />

77 INCOME SUBJECT TO TAX<br />

. ■<br />

356467 676 3 7 - ■ -<br />

0'<br />

25521<br />

78 INCOME TAX (BEF CREDITS), TOT(3)<br />

24854<br />

.<br />

76611 56573<br />

127929<br />

55143 92104<br />

222<br />

10602* 6130 1524 6729<br />

79 SURCHARGE<br />

5148 5603 21364<br />

977<br />

18658<br />

(5)<br />

23099 42108<br />

(5) (5)<br />

5025* 2912<br />

82<br />

725<br />

164 253 469<br />

3065 0<br />

80 TAX RECOMP PRIOR YEAR INV. CR.•<br />

569 9 ■<br />

(5) .<br />

0 81 FOREIGN TAX CREDIT<br />

(Si 2 140 199<br />

1225<br />

77 128 19 (5)<br />

■<br />

. ■ 4<br />

82 INVESTMENT CREDIT 16<br />

6847 40<br />

16 691 458* 43 ■<br />

85 . 1 I<br />

83 NET IN<br />

338 1664<br />

ESE DEFI AFTER TAX(4)<br />

1889<br />

166123,<br />

3<br />

1123 1378 97 36 15 - 182<br />

84 NET INCOME AFTER TAX<br />

1753 8220 42584 36049<br />

323773 2288*<br />

24190 42139<br />

44998<br />

3985 2405 814 . 3981<br />

85 ESTIMATED TAX PAYMENTS<br />

34829 81474<br />

17676<br />

47980 38709 58550<br />

■<br />

(51 1<br />

6726<br />

164<br />

3424 814 - 3981 0<br />

86 FORM 1120.4 NET INCOME (LESS DEF)<br />

1000 408<br />

39744<br />

12372<br />

1231*<br />

1249* 300 .. ■ 2182<br />

R<br />

8356<br />

DISTRIbUTIONS TO STOCKHOLDERS,<br />

5672 13823 2820* 3876* 3352 614 - .. .. .<br />

87 CASH S PROP EXCEPT OWN STOCK 46393 ■ 11569 5460<br />

88 CORPORATIONS OWN STOCK<br />

8280 5397<br />

1403*<br />

3548 8869 1448 718 . ■<br />

■<br />

248*<br />

1104<br />

SELECTED INVESTMENT ITEMS) 323 832* ■<br />

-<br />

■<br />

89 COST OF PROP. USED FOR INV. CR. 218444 1464* 17143 21223 53984 45573 31490 38973<br />

0<br />

90 INVESTMENT QUALIFIED FOR CREDIT 135150 659*<br />

4159 632 270 ■ 3533 .<br />

It<br />

8291<br />

91<br />

11510 32844<br />

TENTATIVE INVESTMENT CREDIT.•.•<br />

29479<br />

8422<br />

21436 25913<br />

41<br />

1880<br />

254 507<br />

525 213<br />

2081<br />

..<br />

1900<br />

2400<br />

92 INVESTMENT CREDIT CARRYFORWARD•<br />

1492<br />

3266<br />

1796<br />

(5)<br />

131<br />

211<br />

37<br />

465<br />

15 .. 168 - 0.<br />

93 UNUSED INVESTMENT CREDIT<br />

926 527<br />

4771<br />

221 847 52 1 2 .. 14<br />

O<br />

1 380 592 1280 573 591 1264 86 2 2 ■ -<br />

FOOTNOTES AT BEGINNING AND ENO OF FILM 0-<br />

I U. S. TREASURY DEPARTMENT ■ INTERNAL REVENUE SERVICE<br />

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