1 - Internal Revenue Service
1 - Internal Revenue Service
1 - Internal Revenue Service
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LP-1 ON 4 L OVERLAP R LP-271 271-RP RP-1 ON 62<br />
1967 CORPORATION<br />
' SOURCE BOOK OF STATISTICS OF INCOME<br />
• ACTIVE CORPORATION INCOME TAX RETURNS, JULY 1967 ■ JUNE 1968 175<br />
BALANCE SHEET, INCOME STATEMENT, TAXI AND INVESTMENT CREDIT ITEMS. BY INDUSTRY GROUP AND BY SIZE OF TOTAL ASSETS<br />
• RETURNS WITH AND WITHOUT NET INCOME<br />
MINOR INDUSTRY 3398<br />
HMI PRIMARY METAL INDUSTRIES. Misoellanitou. primary<br />
• (SIZE OF TOTAL ASSETS AND MONEY FIGURES IN THOUSANDS OF DOLLARS) metal 1nduatrles<br />
SIZE OF TOTAL ASSETS<br />
OVER ZERO 50 100 250 500<br />
ITEM<br />
1.000 5.000<br />
TOTAL ZERO<br />
101000<br />
UNDER<br />
25.000<br />
UNDER<br />
50.000 100,000<br />
UNDER UNDER UNDER UNDER UNDER UNDER UNDER<br />
. ASSETS 50<br />
UNDER<br />
100<br />
UNDER<br />
250<br />
250.000<br />
500 1.000 5.000 10,000 25.000 501000 100,000 2501000 OR MORE<br />
•<br />
NUMBER OF RETURNS WITH AND WITHOUT NET INCOME<br />
1 TOTAL 1103 47* 246* 172* 277<br />
2<br />
133<br />
WITH NET INCOME<br />
101* 109 14*<br />
694 3*<br />
1<br />
118* 88*<br />
1 1<br />
188<br />
3 WITHOUT NET<br />
117* 99*<br />
INCOME<br />
64 13*<br />
409 44* 129*<br />
1<br />
84*<br />
1<br />
89*<br />
1<br />
4 FORM 1120-S<br />
16* 2 45*<br />
157* - 1<br />
76* 38* * * 42* 1<br />
5 TOTAL ASSETS 744122<br />
6148* 15191* 42225 48385<br />
6 CASH 72848* 176706 89056 12753<br />
58018<br />
1852*<br />
28129 91984<br />
1382*<br />
160697<br />
•<br />
5310 5672* 14705* 10151<br />
7 NOTES AND ACCOUNTS RECEIVABLE<br />
7574<br />
146148<br />
464<br />
847*<br />
496 2866<br />
4034* 11012<br />
7546<br />
8<br />
16671<br />
LESSI ALLOWANCE FOR BAD DEBTS<br />
11681* 31331<br />
2147<br />
19155<br />
.<br />
1822 2554<br />
42<br />
15961<br />
247* 31080<br />
9 INVENTORIES 148*<br />
189236<br />
186* 323<br />
802*<br />
300*<br />
- 4736*<br />
37 .<br />
6298 8135*<br />
125<br />
7996* 30077<br />
739<br />
INVESTMENTS IN GOVT. OBLIG.<br />
33674* 369 11198 47006 38945<br />
10 UNITED STATES 12832 . *<br />
- 656* -<br />
11<br />
-<br />
STATE AND LOCAL<br />
1052* 718<br />
1734<br />
1004 - 9402<br />
• 12 ' OTHER CURRENT ASSETS - - - * * 1693<br />
• 19477<br />
3<br />
(5)*<br />
.<br />
1694* 1165 909*<br />
38<br />
13 LOANS TO STOCKHOLDERS<br />
1107* 2188<br />
246*<br />
1519<br />
42<br />
131 465<br />
■ 42* - 8<br />
10299<br />
14 MORTGAGE AND REAL ESTATE LOANS : 3032*<br />
.<br />
(5)* 154* . * -<br />
• 15. OTHER INVESTMENTS<br />
- - 3032*<br />
53604<br />
.<br />
16<br />
6 2791*<br />
DEPRECIABLE ASSETS<br />
3059* 6989*<br />
464182<br />
17316<br />
3709*<br />
1607<br />
5667*.<br />
2163<br />
25263<br />
8414 2312<br />
25399<br />
8947<br />
17 LESS. ACCUM DEPRECIATION<br />
46493* 114780 41730<br />
231039<br />
1882*<br />
11561<br />
4068*<br />
8170<br />
11710<br />
56761<br />
13210<br />
124649<br />
• 18 DEPLETABLE ASSETS 21036* 42449<br />
.<br />
20579<br />
. 5214 3314<br />
.<br />
33808 -<br />
73769<br />
19 LESS/ ACCUM DEPLETION . .<br />
-<br />
.<br />
. . . .<br />
.<br />
•20 LAND 14220<br />
. 1 818* 661* 2850*<br />
• 21 INTANGIBLE ASSETS (AMORTIZABLE)<br />
3292 2686<br />
1841<br />
486<br />
1143*<br />
118 ■<br />
1<br />
757<br />
16 -<br />
2551<br />
22 LESS/ ACCUM AMORTI7ATION<br />
. 681* -<br />
504*<br />
423* (5)<br />
.<br />
16 - * 65 . .<br />
-<br />
23 OTHER ASSETS 13242<br />
58* 1738*<br />
*<br />
869 1229* 2249* 3796<br />
•<br />
1269 4 28 254 1748<br />
24 TOTAL LIABILITIES 744122 6148* 15191* 42225 48385<br />
25 ACCOUNTS PAYABLE 72848* 176706<br />
82590<br />
69056<br />
593*<br />
12753 28129<br />
1634* 4048<br />
91984<br />
8609*<br />
160697<br />
•<br />
8719* 23307<br />
26 MORT.. NOTES, BONDS UNDER 1 YR<br />
17934<br />
57740<br />
554<br />
732*<br />
1365 7256<br />
2097* 3284<br />
8571<br />
4352*<br />
27 OTHER CURRENT LIABILITIES<br />
3764* 15314 5804*<br />
49969 44*<br />
262<br />
681*<br />
1572 19700<br />
3387 4596*<br />
853<br />
28 LOANS FROM STOCKHOLDERS<br />
6441* 10486 2799<br />
13907<br />
679<br />
43*<br />
457 8142<br />
1693* 1055*, . 12257<br />
921• 9697*<br />
• 29 MORT., NOTES, BONDS OVER 1 YR<br />
498<br />
113057 762* 488*<br />
30<br />
4963 1290*<br />
OTHER LIABILITIES<br />
11705* 34447 13022*<br />
21429<br />
3085 10696 .<br />
170* 56*<br />
32599<br />
31<br />
3700 122*<br />
CAPITAL STOCK<br />
1113* 2292 3463<br />
79757 540<br />
1475*<br />
176 3546<br />
4492* 7912 6433<br />
6251<br />
32 PAID*:IN OR CAPITAL SURPLUS<br />
9323* 26102 5790<br />
63354<br />
1724<br />
1947*<br />
1615<br />
1185<br />
5000<br />
1483* 98*<br />
9891<br />
1179* 8851 4882*<br />
, r, 1369 ■ 33 RETAINED EARNINGS, APPROP 2552 - - *<br />
92*<br />
* 42360<br />
34<br />
-<br />
RETAINED EARNINGS, UNAPPROP 2189<br />
268332 424*<br />
.<br />
5404*<br />
*<br />
12432 22901<br />
* 271<br />
29686* 45146<br />
• 35 LESS, COST OF TREASURY STOCK..•<br />
35700 4560<br />
8565<br />
12248 48340<br />
42* • 2539*<br />
51491<br />
131* 22 3 1125* ' 836 20 - - 3847 111<br />
36 TOTAL RECEIPTS 1240462 10121* 15318* 33354* 111512 120984 130884* 250541<br />
• 37 BUSINESS RECEIPTS 171240*<br />
1219111<br />
11128<br />
10088*<br />
30913<br />
14893*<br />
162129<br />
32969*<br />
192338<br />
110378 120672 129449* 248525<br />
INTEREST ON GOVT. OBLIGATIONS.<br />
168614* 10999 29890 160752 181882 •<br />
36 UNITED STATES 229 3 - 16* - * 47 22 2 *<br />
, • 39 STATE AND LOCAL 64 - * 139<br />
* - * 62 * * - 41 40 OTHER RENTS INTEREST 1992 27* 65* 4 72*<br />
2<br />
82* 147* 233<br />
0<br />
168<br />
104 42 45<br />
339 118*<br />
983<br />
• 42 ROYALTIES 1477 - *<br />
1158 . - 16 164* 367 199 456 218 * 1 17 154 571 15<br />
43 NET S-T CAP GAIN LESS L-T LOSS 1 * - * *<br />
•<br />
1<br />
_<br />
44 NET L-T CAP GAIN LESS S-T LOSS 1578 -<br />
*<br />
.<br />
*<br />
9 83*<br />
*<br />
•<br />
837*<br />
45 NET GAIN, NONCAPITAL ASSETS<br />
50 206 7<br />
293<br />
19 334 33<br />
46<br />
* 120* -<br />
DIVIDENDS, DOMESTIC CORPS<br />
30* 1<br />
721<br />
-<br />
-<br />
(5) 86<br />
- 54<br />
51<br />
47<br />
15)*<br />
DIVIDENDS. FOREIGN CORPS<br />
114* 56 (5)<br />
7553<br />
-<br />
.<br />
465 32<br />
Lia<br />
*<br />
OTHER RECEIPTS<br />
*<br />
(5)• . .<br />
6285 3* 340*<br />
15) -<br />
42* 745<br />
7553<br />
131* 1611*<br />
..<br />
971 1555 16 496 709 1109 •<br />
' 49 TOTAL DEDUCTIONS 1155011 9641* 15233* 34346* 108562 119941<br />
• 50 COST OF SALES AND OPERATIONS•••<br />
123760* 236991 158437*<br />
903934 7061<br />
10599<br />
10092*<br />
28393<br />
26282*<br />
148189 160919<br />
51<br />
77847<br />
COMPENSATION OF OFF.CERS<br />
99640 83942* 189576<br />
30529 223*<br />
137715*<br />
1259*<br />
7597<br />
3245*<br />
25087 127561 111534 0<br />
52<br />
6432<br />
REPAIRS<br />
3458 6233* 5986<br />
22614<br />
1849<br />
84 88*<br />
186 250<br />
45*<br />
871<br />
613* 1605*<br />
537<br />
• 53 BAD DEBTS 1505* 1790<br />
1497<br />
732<br />
- -<br />
71<br />
42*<br />
7276<br />
806<br />
8805<br />
54 RENT PAID ON BUSINESS PROPERTY<br />
132* 49*<br />
7905<br />
119 •<br />
100<br />
62<br />
264*<br />
11<br />
641*<br />
2<br />
1421<br />
2 272 0<br />
55 TAXES PAID<br />
1574* 1094* 1273<br />
24358'<br />
519<br />
220 344*<br />
42<br />
650*<br />
34 30<br />
2445 2037<br />
913<br />
56 3625* 4777 2467 362 565 57 INTEREST PAID 8631 142* 108* 90*<br />
1974 CONTRIBUTIONS OR GIFTS 863<br />
4892<br />
645 (5)* (5)* (5) 255 380* 17 753* 133* 2314 250 1016 130 201 2 483 42 901 - 1380<br />
58 AMORTIZATION 227 (5)* - (5.) (5)* 40*<br />
• 59 DEPRECIATION (5)* 11* 12* 19<br />
34360 299* 443* 396* - (5) 155<br />
60 DEPLETION<br />
2729 2634 3251* 6697<br />
37<br />
2807*<br />
-<br />
621<br />
* .<br />
819 3432 10232 •<br />
61<br />
.<br />
ADVERTISING<br />
.<br />
3445 39* 138* 45* 226 134*<br />
37<br />
0 62 PENSION, PROF SH..ANNUITY PLANS<br />
190* 874 734<br />
7722 48* -<br />
55 13<br />
(5)*<br />
240<br />
459*<br />
757<br />
.63 OTHER EMPLOYEE BENEFIT PLANS••.<br />
264* 2140* 1838<br />
5987 232 . 724* 175 * *<br />
85* 735* 583*<br />
2074 -<br />
869*<br />
0<br />
64 NET LOSS, NONCAPITAL ASSETS 1052<br />
123<br />
193*<br />
-<br />
168 14<br />
(5)*<br />
-<br />
*<br />
2056<br />
65 OTHER DEDUCTIONS<br />
16* * 80<br />
102797 1193<br />
6<br />
2497*<br />
21 *<br />
2825* 13731<br />
*<br />
7418 19979* 20354 9471 1158 1013 5747 17411 8<br />
66 TOTAL RECEIPTS LESS DEDUCTIONS 85451 480* 85* -992* 2950<br />
• 67<br />
1043<br />
CONSTR TAX INC FM REL FOR CORP(1)<br />
7124* 13550<br />
44)0<br />
12803<br />
-<br />
529 2520 13940<br />
* . 31419<br />
68 NET INCOME (LESS DEFICIT)(2)<br />
* * *<br />
89817 480*<br />
.<br />
85* -992*<br />
* *<br />
2950 4430 0<br />
60 NET INCOME<br />
1043 7124* 13488 12803<br />
98713 739*<br />
529<br />
256*<br />
2520<br />
659*<br />
13940 35847 .<br />
• 70 DFFICIT<br />
4192 2666* 7335* 16990<br />
8896<br />
13040<br />
259*<br />
529<br />
171*<br />
2520 13940<br />
1651* 1242*<br />
35847<br />
RETURNS OTHER THAN FORM 1120*St<br />
1623* 211 3502* 237 _<br />
- -<br />
0<br />
71 NET INCOME (LESS DEFICIT) 91125 480* -129* -992* 2803<br />
•<br />
1043<br />
72 STATUTORY SPECIAL DEDS.. TOTAL<br />
7124* 15309 12651<br />
1643 -<br />
529 2520<br />
300<br />
13940 35847<br />
7.3<br />
46<br />
NET OPERATING LOSS CARRYFRO<br />
9 98* 767 (5)<br />
1030 -<br />
- .<br />
- 396<br />
300<br />
27<br />
9 *<br />
•<br />
74 DIVIDENDS RECEIVED DEDUCTION. 721<br />
613<br />
*<br />
-<br />
*<br />
-<br />
* *<br />
46<br />
*<br />
• 75 (51*<br />
DED FOR DIV POI PUB UTIL STK.<br />
98* 46<br />
- - - (5) . 396 27<br />
* * *<br />
.W1 76 WESTERN HEMISPHERE TRADE DED. - - - - -<br />
- - - -<br />
•<br />
77 INCOME SUBJECT TO TAX b 95477 739* 42* 358* 3999 2657* 7236* 15147 12888 528 2124 13913 35846 11<br />
• 78 INCOME TAX (BEF CREDITS). TOT131• 43644 347* 151* 90*<br />
79 SURCHARGE<br />
1217 889* 2911* 7004<br />
91<br />
-<br />
6092 248 1019<br />
(5)* 16*<br />
6618 17209<br />
(5)* 16* 48*<br />
•<br />
60 TAX RECOMP PRIOR YEAR INV. CR<br />
58 -<br />
2 *<br />
- (5)<br />
9 *<br />
• 81 FOREIGN TAX CREDIT<br />
16* (5) (5)<br />
7333 -<br />
(5)*<br />
-<br />
1 1<br />
-<br />
23 17<br />
82 INVESTMENT CREDIT<br />
(5) ■ (5)*<br />
2225 8*<br />
43 *<br />
15)*<br />
*<br />
1* 82*<br />
2 7288 83 NET INCOME(LESS DEF) AFTER TAX(4)<br />
53* 444*<br />
48398<br />
415<br />
141*<br />
86<br />
85*<br />
96<br />
-1081*<br />
186<br />
1815<br />
530 324<br />
84 NET INCOME AFTER TAX<br />
207 4657* 6899<br />
57294 400*<br />
6797<br />
256*<br />
377<br />
570*<br />
1687<br />
3057<br />
7852 18962<br />
85 ESTIMATED TAX PAYMENTS<br />
1830* 4868* 10401<br />
19554<br />
7034<br />
355* -<br />
377<br />
.<br />
1687<br />
44*<br />
7852 18962 •<br />
■ 86 FORM 1120-S NET INCOME (LESS DEF. 2787<br />
-1308* 2764<br />
214* -<br />
240 1087<br />
147*<br />
4772 7500<br />
• DISTRIBUTIONS TO STOCKHOLDERS,<br />
* * -1821* 152 *<br />
- -<br />
87 CASH 41 PROP EACEPT OWN STOCK 12125 - 15)* 42*<br />
•<br />
88 CORPORATIONS OWN STOCK<br />
785* 33* 984* 1367 414<br />
1051* -<br />
299<br />
-<br />
317 400<br />
.<br />
7484<br />
• SELECTED INVESTMENT ITEMS/<br />
-<br />
1051*<br />
- - - - .<br />
89 COST OF PROP. USED FOR INV. CR. 68755 137* 187* 2792 2374* 6403* 35683 P<br />
90 INVESTMENT OUAL/FIED FOR CREDIT 1618<br />
33058 105*<br />
1377 2807 9534<br />
145* 2181<br />
. 5843<br />
2261*<br />
• 91 TENTATIVE INVESTMENT CREDIT<br />
6348* 5311 1239<br />
2247 8* :<br />
1377 2662<br />
1*<br />
7565<br />
131 117*<br />
3864<br />
447* 374 87 96<br />
1141 92 INVESTMENT CREDIT CARRYFORWARD 779 - (5)* 186 530 270 -.<br />
93 UNUSED INVESTMENT'CREUIT<br />
1 147* 149* 1 311* 116 •<br />
■ 801 ■ - ■<br />
* 196* 214* 4 270* 117 - -<br />
* *<br />
54<br />
111<br />
FOOTNOTES AT BEGINNING AND END OF FILM<br />
• •<br />
• U. S. TREASURY DEPARTMENT - INTERNAL REVENUE SERVICE<br />
•<br />
•