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C<br />

III<br />

(<br />

(<br />

LP-1 ON 4<br />

1 ITEM<br />

L OVERLAP R LP-339<br />

339•1P<br />

1967 CORPORATION<br />

SOURCE BOOK OF STATISTICS OF INCOME<br />

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

RETURNS WITH AND WITHOUT NET BALANCE INCOME SHEET, INCOME STATEMENT, TAX, AND INVESTMENT CREDIT ITEMS. BY INDUSTRY GROUP AND BY SIZE OF TOTAL ASSETS<br />

OVER ZERO<br />

SIZE OF TOTAL ASSETS<br />

50 100 250 500<br />

. TOTAL<br />

1 ,<br />

ZERO<br />

000<br />

UNDER<br />

5,000<br />

UNDER 10,000<br />

UNDER UNDER<br />

25,000<br />

UNDER<br />

ASSETS UNDER<br />

50<br />

UNDER<br />

100<br />

UNDER<br />

250 500<br />

UNDER<br />

1.000 5,000 10,000 251000 50,000<br />

RP-1 ON 62<br />

MINOR INDUSTRY 2912<br />

( MFG., PETROLEUM REPINING & RELATED /NDUSTRIESt<br />

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

Integrated petroleum refining 6 extraction<br />

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

1 TOTAL<br />

194 4 44*<br />

c<br />

in<br />

50,000 100,000<br />

UNDER UNDER 250,000<br />

1001000 250,000 OR MORE<br />

2 WITH NET INCOME 50* .<br />

72 34* 15*<br />

3 WITHOUT NET INCOME 1<br />

17* . 3 9<br />

6<br />

4 FORM 1120■S 122 1<br />

1<br />

43*<br />

7*<br />

4 24<br />

33*<br />

3 8<br />

3 24<br />

.. 33* 5<br />

■<br />

8*<br />

. .<br />

. 1<br />

1 1 .<br />

■<br />

5 TOTAL ASSETS<br />

.<br />

6 CASH<br />

67271108<br />

- -<br />

8871* ■<br />

7 NOTES AND ACCOUNTS RECEIVABLE<br />

1845722<br />

26224* 43419*<br />

10794007<br />

3:::<br />

5611 104i4,<br />

132* 6<br />

333032 386732<br />

1269*<br />

725494 65693312<br />

3764*<br />

8<br />

9<br />

LESS, ALLOWANCE FOR BAD DEBTS<br />

INVENTORIES<br />

185731<br />

15)*<br />

661<br />

19::* 2305*<br />

31636<br />

8047*<br />

23043 1745908<br />

182<br />

68550 83947 10566931<br />

INVESTMENTS IN GOVT. O8LIG1<br />

4539512<br />

■ 178 1143 725<br />

669* 3::::<br />

1459 181766<br />

■ 3364 T44 1<br />

10<br />

59449<br />

UNITED STATES<br />

63222 4350901<br />

11 STATE AND LOCAL<br />

1083171 12 OTHER CURRENT ASSETS 132938<br />

13 LOANS TO STOCKHOLDERS<br />

1696962 .<br />

.<br />

50<br />

■ 1320<br />

■ 974<br />

.<br />

1247• 1079547<br />

■<br />

14 MORTGAGE AND REAL ESTATE LOANS<br />

27371<br />

1 .<br />

■<br />

.<br />

4532 .<br />

48895<br />

■<br />

820<br />

■<br />

21::<br />

::::<br />

9489 10093 1 6:::;:<br />

15<br />

. ■<br />

OTHER INVESTMENTS - 17 16 DEPRECIABLE ASSETS<br />

12974564<br />

-<br />

LESS, ACCUM DEPRECIATION<br />

4182*<br />

50205744<br />

68*<br />

18 DEPLETABLE ASSETS<br />

25828170<br />

19 7430101 LESS( ACCUM DEPLETION (5) 11;i6:<br />

6315*<br />

■ 26483 14505<br />

11782* 35959*<br />

129999 127Fiiifi<br />

7255 2:8:6<br />

22:7*<br />

15: 305846 242901<br />

6422*<br />

.<br />

22963*<br />

500912 49075745<br />

2846<br />

3::::<br />

10985 192562<br />

20 LAND<br />

3473404<br />

12941*<br />

96934 215389 25277790<br />

2594317<br />

. (5)<br />

8650<br />

■ 7*<br />

39862 49686<br />

21<br />

22<br />

INTANGIBLE ASSETS (AMORTIZABLE)<br />

.<br />

171: 1:<br />

155318 7161421<br />

■ 1889<br />

23751<br />

LESS, ACCUM AMORTIZATION<br />

4129497 19:<br />

66544 3350067<br />

■ 181; 4744 20410 26439 2531918<br />

23 OTHER ASSETS<br />

2912217 ■<br />

2167829<br />

.<br />

■<br />

19* :<br />

■<br />

174i:I 3<br />

- 4103189<br />

■ 4<br />

102*<br />

2::::<br />

66* 1364*<br />

- 2902332<br />

159<br />

2::::<br />

24 TOT L LIABILITIES<br />

25 ACCOUNTS PAYABLE<br />

67271108<br />

26 MORT•, NOTES, BONDS UNDER 1 YR<br />

5260819<br />

.<br />

3:9*<br />

■<br />

A<br />

14666 2129362<br />

8871* 26224* 43419• 5611 4Ei 333032 386732<br />

27 OTHER CURRENT LIABILITIES<br />

1053641<br />

5076*<br />

725494 65693312<br />

234 8714 44007 57457<br />

28 LOANS FROM STOCKHOLDERS<br />

2657031 3420*<br />

57667 5083697<br />

11544*<br />

1<br />

■<br />

29 MORT., NOTES, BONDS OVER 1 YR 8709357 -■<br />

Iiii<br />

1::!:<br />

4419*<br />

21891 47366<br />

4<br />

954881<br />

2:ii<br />

1531 1,74 24225 13582<br />

.<br />

2595874<br />

-<br />

30 OTHER LIABILITIES<br />

-<br />

820*<br />

449<br />

31 CAPITAL STOCK<br />

3654543<br />

124:::<br />

- 7098<br />

328*<br />

56277 89078 211365<br />

32 PAID-IN OR CAPITAL SURPLUS<br />

1 0161882 .<br />

543<br />

8326346<br />

9147165<br />

£3G*<br />

320<br />

420*<br />

15454<br />

1<br />

33 RETAINED EARNINGS, APPROP 561456<br />

■<br />

!!! 1*<br />

17787 3614620<br />

1366 7018<br />

1187*<br />

54277 45862<br />

62<br />

62073<br />

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

2123219:<br />

9977092<br />

1092 12865<br />

35 LESS, COST OF TREASURY STOCK."<br />

26427167<br />

295*<br />

31591 182397 8915049<br />

373497<br />

■ 127*<br />

4214*<br />

-<br />

- -<br />

::: 17542 102513 118891<br />

:2:<br />

133275 26041679<br />

7 . 22<br />

36 TOTAL RECEIPTS<br />

7632 18 364277<br />

37 BUSINESS RECEIPTS<br />

59854152 •841<br />

INTEREST ON GOVT. OBLIGATIONS(<br />

55967363<br />

102*<br />

3285*<br />

9441* 4:::::<br />

100*<br />

2 532 89840<br />

29::*<br />

444185 514507<br />

7940* 48008*<br />

604087 58130439<br />

88064 438193<br />

38 489794<br />

39<br />

UNITED STATES 580457 54302601<br />

STATE AND LOCAL<br />

41009 1<br />

40 OTHER INTEREST 10689 ■<br />

•<br />

■ . 60 61<br />

13 40860<br />

41 RENTS 261617 36<br />

42 ROYALTIES 488143<br />

■<br />

■<br />

.<br />

. .<br />

13<br />

-<br />

98*<br />

.<br />

10<br />

■ -<br />

44 43 NET NET L-T S•f CAP CAP GAIN GAIN Less LESS L-T S-T LOSS.<br />

95860<br />

-<br />

17* 55* 52 117 1383<br />

■ LOSS. 1<br />

53*<br />

4359<br />

.<br />

. 354<br />

249*<br />

2046<br />

•<br />

45 NET GAIN. NONCAPITAL ASSETS<br />

178167<br />

46 DIVIDENDS. DOMESTIC CORPS<br />

23677 ■ 3 (5)<br />

4i:: 48* (51 25<br />

• 3*<br />

■ •<br />

■<br />

647408<br />

.<br />

172* ■<br />

..<br />

218 155 5908<br />

(5)<br />

163*<br />

1290 170405<br />

47 D<br />

1<br />

15)<br />

22<br />

48<br />

VIDENDS, FOREIGN CORPS<br />

OTHER RECEIPTS<br />

503728<br />

■ I<br />

1632132 7<br />

■<br />

-.<br />

601 365 279<br />

2 .<br />

•<br />

1*<br />

.<br />

12<br />

■ 829*<br />

352 -<br />

3<br />

:::::<br />

400 1580<br />

49 TOTAL DEDUCTIONS<br />

9684 15356 1603882<br />

50 55774728 9035 .<br />

51<br />

COST OF SALES AND OPERATIONS<br />

52<br />

COMPENSATION OF OFFICERS 36815159 11499*<br />

5159<br />

46::::<br />

REPAIRS 76204<br />

1 :<br />

86816 422264 466434<br />

4710* :72<br />

913154<br />

55<br />

34517*<br />

592194 54135471<br />

■<br />

1:0? 71775<br />

BAD DEBTS<br />

219 (5)*<br />

1Ri<br />

354205 346813 430457 35565786<br />

107<br />

■<br />

8815<br />

1663 2542<br />

54 RENT PAID ON BUSINESS PROPERTY 111/6:: 7<br />

39 ■<br />

- 03<br />

55 TAXES PAID<br />

56 INTEREST PAID 3196448<br />

135 .<br />

-<br />

2835 6516<br />

231<br />

..<br />

riii<br />

2170 8:=<br />

1 229<br />

37;<br />

492834<br />

1<br />

331<br />

■<br />

90; 1100*<br />

1931 118104<br />

27 408<br />

39*<br />

10 2)filii<br />

57 CONTRIBUTIONS OR GIFTS<br />

113212i<br />

3748<br />

90:*<br />

1ii7131i<br />

58 AMORTIZATION 2<br />

3::::<br />

151<br />

(5)<br />

1014:ii<br />

12363 2 3::=<br />

1<br />

:<br />

::<br />

59<br />

DEPRECIATION .<br />

15)* 3812 51 14805 466035<br />

■<br />

60 DEPLETION 2358882<br />

. 115<br />

■ 91<br />

860<br />

61 ADVERTISING 2808425<br />

46*<br />

■<br />

9<br />

181*<br />

15)<br />

1063*<br />

4 1<br />

441 1402*<br />

309046<br />

2<br />

42<br />

3.‘722T<br />

1419 14777<br />

25374 2296881<br />

62 PENSION, PROF SH.IANNUITY PLANS 45<br />

231:*<br />

3 OTHER EMPLOYEE BENE 3 13 1<br />

431*<br />

124<br />

7 5<br />

1 :T 4726<br />

64 65 IT PLANS•••<br />

NET OTHER LOSS. DEDUCTIONS NCNCAPITALASSETS•.••<br />

126200<br />

32<br />

I:::<br />

6078<br />

13137<br />

tg.::<br />

2780534<br />

■ 347 ::76<br />

14<br />

6 F<br />

11748 2973 292767<br />

36 246 ■ 1026<br />

225<br />

7299162 1472<br />

■<br />

...<br />

1830 366387<br />

- 90 81<br />

158 124927<br />

44*<br />

.<br />

360* - 21*<br />

s 175<br />

13:3* 6244*<br />

- -<br />

10:14 6609 26379<br />

66 TOTAL RECEIPTS LESS DEDUCTIONS•.• 70942 7133378<br />

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

4079424<br />

68 NET INCOME (LESS DEFICIT)12)<br />

79703<br />

-194 .85*<br />

315*<br />

.4058*<br />

4148438<br />

■<br />

.108 3024 21921 :832 1<br />

69 NET INCOME -194 79<br />

347<br />

70 DEFICIT 4156905<br />

■85*<br />

-<br />

11893 394:491 .9,::<br />

11<br />

.<br />

-<br />

..20.54*<br />

-<br />

3<br />

8467<br />

3<br />

3024 21911 48076 11893 4063989<br />

RETURNS OTHER. THAN FORM 1120-11<br />

205 88*<br />

2f16:4:8::<br />

ii ii<br />

3024<br />

2132*<br />

22052 48391 14021 . 4063989<br />

1081<br />

71 ■<br />

315<br />

72<br />

NET INCOME (LESS DEFICIT) 2128<br />

STATUTORY SPECIAL DEDS., TOTAL. 4148438<br />

773458<br />

-194 -85*<br />

315* .<br />

73<br />

74<br />

NET OPERATING LOSS CARRYFRO•. 11<br />

■21t8,*<br />

DIVIDENDS RECEIVED DEDUCTION. 58854<br />

151<br />

::::: 1211<br />

21911 48076 1 4063989<br />

550308<br />

11<br />

(5)<br />

.<br />

380<br />

-<br />

977 766603<br />

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

- 15)<br />

IN<br />

-<br />

iliII 1398<br />

. 677<br />

■<br />

76 WESTERN HEMISPHERE TRADE DED 164296<br />

3* 54660<br />

■<br />

23 511 312<br />

8 299 548945<br />

77 INCOME SUBJECT TO TAX<br />

■<br />

■ .<br />

- -<br />

78<br />

79<br />

INCOME TAX (BEF CREDITS), TOT131• 3383593 ■ .<br />

-<br />

SURCHARGE 1586738<br />

3<br />

1155<br />

. -<br />

-<br />

692*<br />

142<br />

1 162998<br />

■<br />

236 .<br />

1<br />

3284<br />

2:1*<br />

684 2:!!! 48156 13044<br />

■<br />

3297387<br />

80<br />

306<br />

81 FOREIGN<br />

TAX RECOMP<br />

TAX CREDIT<br />

PRIOR YEAR INV. CR<br />

5976 1546971<br />

912409 -<br />

■ . . .<br />

.<br />

211:9<br />

■<br />

62 INVESTMENT CREDIT 138191 . 141::*<br />

.<br />

■<br />

.<br />

83 NET INCOMEILESS DEF) AFTER TAX(41 2699891 m 109<br />

1330<br />

.<br />

-<br />

181 183 91:; 6115<br />

84 NET INCOME AFTER TAX •194 -86*<br />

2708358 .<br />

17* 140 869 981 1878 134306<br />

85 ESTIMATED TAX PAYMENTS<br />

11<br />

388587<br />

2 .<br />

-<br />

.20<br />

;<br />

414;4:1 3 ;<br />

5* 1!1* . 1081<br />

27096 7795 2651324<br />

86 FORM 1120<br />

DISTRIBUTIONS<br />

■S NET<br />

TO<br />

INCOME<br />

STOCKHOLDERS,<br />

(LESS DEF) :::: 91!:<br />

9923 2651324<br />

■ ■<br />

1:<br />

.<br />

.<br />

217<br />

16320 1195 364668<br />

87<br />

.<br />

■<br />

CASH& PROP EXCEPT OWN STOCK<br />

-<br />

-<br />

88 CORPORATIONS OWN STO<br />

2603493<br />

.<br />

K<br />

3 .<br />

- -<br />

89<br />

SELECTED INVESTMENT ITEMS.<br />

165908 ■<br />

. .<br />

.<br />

671 . 478 3837<br />

C<br />

■<br />

15052 2577392<br />

-<br />

■ ■<br />

COST OF PROP. USED FOR INV• CR. ::: 74<br />

90 INVESTMENT QUALIFIED FOR CREDIT<br />

2962098 157015<br />

412<br />

::::<br />

2532132 327* .<br />

91 TENTATIVE INVESTMENT CREDIT 412<br />

2015*<br />

177231<br />

17 114<br />

15471 1687 5<br />

328*<br />

92 INVESTMENT CREDIT CARRYFORWARD 209721<br />

.<br />

less*<br />

31685 2889297<br />

102 V s:: 14622 15628 26996 2468895<br />

93 UNUSED INVESTMENT CREDIT 248762<br />

68<br />

85<br />

•<br />

7<br />

33*<br />

3:::<br />

1890 172821<br />

. ■<br />

14 11111i!<br />

FOOTNOTES AT BEGINNING AND END OF FILM<br />

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

49* -<br />

iiii<br />

23:::<br />

21 147<br />

1596<br />

844 4180 2t::131:<br />

7376 1599 476715<br />

250 575 1<br />

... 9 4:::::<br />

265 22877 I<br />

3449 203648<br />

3461 242164<br />

II,<br />

i

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