1 - Internal Revenue Service
1 - Internal Revenue Service
1 - Internal Revenue Service
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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