1 - Internal Revenue Service
1 - Internal Revenue Service
1 - Internal Revenue Service
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LP-1 ON 4 L OVERLAP R LP-652 682—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<br />
BALANCE SHEET, INCOME STATEMENT' TAX, AND INVESTMENT CREDIT ITEMS, BY INDUSTRY GROUP AND BY SIZE OF TOTAL ASSETS<br />
RETURNS WITH AND WITHOUT NET INCOME MINOR INDUSTRY 5010<br />
TRADE, WHOLIMUI,Es Miscellaneous wholesale trade,<br />
O (SIZE OF TOTAL ASSETS AND MONEY FIGURES IN THOUSANDS OF DOLLARS) Motor vehicles and automotive equipment<br />
SIZE OF TOTAL ASSETS<br />
e ITEM ' TOTAL<br />
OVER ZERO 50 100 250 500 51000 10.000 25.000 50'000 100,000<br />
ZERO UNDER UNDER UNDER UNDER UNDER UN::: UNDER UNDER UNDER UNDER UNDER 250,000<br />
ASSETS<br />
50 100 250 500 1000 5/000 10,000<br />
: 30,000 100,000 250.000 OR MORE<br />
6<br />
NUMBER OF RETURNS WITH AND WITHOUT NET INCOME<br />
1 TOTAL<br />
11336 102* 3214 2808 2799 1326 711 319 31 20 3 1 2<br />
0<br />
2 WITH NET INCOME 8507<br />
42 1356 2606 2349 1221 594 285 30<br />
18 3 1 2<br />
3 WITHOUT NET INCOME<br />
2829 60* 1858 202* 450 105<br />
34 1 2 ■<br />
4 FORM 1120.1<br />
2085 ■ 794 643 416 113* 117* 113*<br />
4 ■<br />
O<br />
S TOTAL ASSETS 3248641<br />
77310 209662 442326 476059 501876 573581 222143 293252 112163 75990 264079<br />
6 CASH 267581<br />
7109 23710 47982 32814 31216 39198 11728 40009 11440 4572 17803<br />
I 7 NOTES AND ACCOUNTS RECEIVABLE 997282 ■ 24574 47746 123994 144949 162442 190992 81018 77389 40718 18310 85150<br />
B LESS, ALLOWANCE FOR BAD DEBTS 27245 326 1116 2879 3446 4200 4675 2437 2996 541 200 4429<br />
9 INVENTORIES 1395483 28318 96127 189052 223111 221017 220453 98398 102312 48330 37271<br />
e<br />
131094<br />
INVESTMENTS IN GOVT. OBLIG1<br />
10 UNITED STATES 7464 ■ 1650<br />
■ 1787*<br />
3024*<br />
3 — • - — 1000<br />
11 STATE AND LOCAL<br />
382 -<br />
— 328<br />
— 54*<br />
—<br />
12 OTHER CURRENT ASSETS<br />
57768<br />
2411 8244 9744 5067 6200 8647 1433 10005 1328<br />
4689<br />
13 LOANS TO STOCKHOLDERS 14382<br />
-<br />
735* 909 2864 722* 721* 8431<br />
■<br />
..<br />
14 MORTGAGE AND REAL ESTATE LOANS. 4211<br />
2*<br />
..<br />
(5)* 2257* 16* 1457 - —<br />
215 ■ 264<br />
15 OTHER INVESTMENTS. • 126138 296 1874 10535 18253 18481 30951 9256 28733 819 2514 4426<br />
(II 16 DEPRECIABLE ASSETS<br />
564010 22899 45199 96513 94029 90504 90075 29417 42110 6864 16380 30020<br />
17 LESS, ACCUM DEPRECIATION 266134<br />
• 13103 24502 51617 54188 41575 38643 10575 14503 1521 4768 11139<br />
18 DEPLETABLE ASSETS<br />
12*<br />
15)<br />
.<br />
1<br />
.<br />
. 11* .<br />
. .<br />
19 LESS' ACCUM DEPLETION•••.<br />
(5)* (5) ■<br />
IS)* ■ — ■<br />
■<br />
-<br />
-<br />
• 20 LAND<br />
57042<br />
954 3756 5701 6321 8434 12888 2123* 8552 3974 1840 2499<br />
-<br />
• 2/ INTANGIBLE ASSETS (AMORTIZABLE) 3150 84 869 130 748 (5)* 571 309 57 18 .<br />
364<br />
22 LESS, ACCUM AMORTIZATION 789 41 137 32 283 (5)* 113* 92 24 2 ■<br />
65<br />
• 23 OTHER ASSETS 47904<br />
3398 5533 10010 3918 8620 10260 1562 1608 521<br />
71 2403<br />
O<br />
S<br />
24 TOTAL LIABILITIES 3248641 ■ 77310 209862 442326 476059 501876 573581 222143 293252 112163 75990 264079<br />
25 ACCOUNTS PAYABLE 815018 ■ 20112 41163 104731 145819 136514 151416 38446 82435 26158 10904 57320<br />
26 MORT•, NOTES. BONDS UNDER 1 YR 408353 ■ 14131 18423 30961 54534 77302 73112 37363 33317 46845 2633 19232<br />
27 OTHER CURRENT LIABILITIES<br />
190830<br />
■ 3509 10769 19824 21501 27183 32844 13410 20562 4507 3349 33372 ,<br />
28 LOANS FROM STOCKHOLDERS<br />
65004<br />
- 6594 12634 17536 10818 8146 7797 529 950<br />
-<br />
-<br />
29 MORT., NOTES. BONDS OVER 1:YR 254729<br />
. 6069 22708 31091 44709 43183 60269 15334 19734 4571 1962 5099<br />
30 OTHER LIABILITIES 57500 ■ 2145 2320 10290 6753 10550 14698 1363 7675<br />
94 1464<br />
148<br />
31 CAPITAL STOCK 503821 ■ 26199 48818 939 83 72082 94871 65114 25693 25996 12307 33658 5100<br />
32 PAID-IN OR 'CAPITAL SURPLUS 133258<br />
- 4027 8651 13455 8512 6823 15942 8958* 19858 2882 ■ 44150 -<br />
33 RETAINED EARNINGS, APPROP<br />
28123<br />
■<br />
6* 959*<br />
■<br />
73 3195 86<br />
. 15798<br />
34<br />
5121<br />
RETAINED EARNINGS, UNAPPROP 824147 -4882 43275 125722 1476* ► 116499 104199 153658<br />
1409* ■ 83692 80898 14713 22513 83860<br />
-<br />
35 LESS( COST OF TREASURY STOCK 32142 • 1100* 4020 6743 6127 6895 2678 2718 1368 493 - -<br />
36 TOTAL RECEIPTS 8724741 18113 282330 723738 1117590 1356995 1136983 1299261 503721 854696 215105 191241 1024968<br />
0 37 BUSINESS RECEIPTS 8608825 17506 278601 718524 1103517 1345429 1108321 1274360 493877 842409 212788 190713 1022780<br />
INTEREST ON GOVT. OBLIGATIONS(<br />
38 UNITED STATES 860<br />
15 ■ 127 65* 192*<br />
■ 107 3 303 ■<br />
■<br />
48<br />
39 STATE AND LOCAL<br />
363*<br />
325*<br />
■ (5) (5) ■ 8* 8 22 —<br />
■<br />
40 OTHER INTEREST<br />
9529<br />
2 66* 128 885 644 1224 2269 1030 1678 1006 120 477<br />
41 RENTS 8032<br />
73 567* 777* 1835 617 825 1944 130 895 301 ■ 68<br />
42 ROYALTIES 713 ■<br />
-<br />
• . — - 713 - . ■<br />
43 NET S.7 CAP GAIN LESS L —T LOSS 267<br />
'85 ■<br />
122* (5)*<br />
■<br />
56* ■ 3 ■ - 1<br />
146*<br />
282*<br />
6<br />
1328<br />
40<br />
260 224<br />
46 45<br />
44 1955<br />
25* 231<br />
DIVIDENDS. NET<br />
NET 1...7 GAIN. CAP NONCAPITAL GAIN LESS 258<br />
-<br />
14* 161<br />
DOMESTIC CORPS<br />
ASSETS<br />
S ■T LOSS. 3671<br />
(5)* 26* 51* 647<br />
1760<br />
(5)<br />
-<br />
26* 520* 725<br />
■<br />
315<br />
3<br />
6<br />
284<br />
22<br />
177* 119*<br />
3<br />
104*<br />
67<br />
68<br />
47 DIVIDENDS. FOREIGN CORPS<br />
100<br />
■<br />
■<br />
■<br />
■<br />
(5)<br />
■<br />
29<br />
a<br />
-<br />
63<br />
6 48 OTHER RECEIPTS 89293 477 2363 4063 10776 9581 26017 17606 8012 7910 993 54 1441<br />
6.1<br />
49 TOTAL DEDUCTIONS 8479217 19225 281051 704264 1097579 1332991 1115258 1257751 481256 823099 208783 178004 979956<br />
6 50 COST OF SALES AND OPERATIONS 6770512 13905 198937 540114 793564 1056140 841409 1010539 408050 722004 181892 139162 664796<br />
51 COMPENSATION OF OFFICERS<br />
198852 253 17665 35197 55094 38059 26996 17003 2816 2957<br />
52 REPAIRS<br />
641 1163 1006<br />
14767<br />
12 514 1037 2467 2429 2866 1932 721 1109 137 68 1475<br />
6 53 BAD DEBTS 24790 116 775 2723 4051 2905 4586 3890 1096 1559 202 86 2792<br />
54 RENT PAID ON BUSINESS PROPERTY 84615 390 5714 9196 14549 13460 12656 10719 3078 4572 1106 1129 8046<br />
55 TAXES PAID<br />
83532 626 3551 8484 15122 13270 12993 13127 3299 4447 917 2623 5073<br />
O 56 INTEREST PAID 45922<br />
4 1385<br />
5411<br />
57 CONTRIBUTIONS OR GIFTS<br />
1937<br />
(5)<br />
58 AMORTIZATION<br />
544<br />
26<br />
4* 2571 4366 6622 . 7936 8490 3016<br />
2299 286 3536<br />
99<br />
81 243 230 519<br />
51 287<br />
21 272<br />
130<br />
49<br />
(5)<br />
72<br />
44* ea<br />
87<br />
74<br />
59<br />
45<br />
O 59 DEPRECIATION 50726<br />
76 2552 4225 9509 8911 9034 7008<br />
60 DEPLETION<br />
54<br />
.<br />
.<br />
61 ADVERTISING 74220 750 838 2375 5030<br />
2 49<br />
.<br />
4757 5345 8119<br />
3 2050 3207 522 895 2737<br />
■<br />
6541 17861 3662 136 18806<br />
6 62 PENSION. PROF SH.IANNUITY PLANS 19433 48 42 426 2346 4669 3137 2932 1053 1265 125 - 3390<br />
63 OTHER EMPLOYEE BENEFIT PLANS 7967<br />
37* 134* 294 1203 1366 1070 1728 527 517 37 — 1054 ■<br />
64 NET LOSS. NONCAPITAL ASSETS•.•• 2202<br />
145* (5)* 1673<br />
35* 36* 119<br />
158<br />
35<br />
1 ■<br />
65 OTHER DEDUCTIONS 1099144 3008 48769 97474 188522 180004 186918 171526 48713 57794 17221 32125 67070<br />
66 TOTAL RECEIPTS LESS DEDUCTIONS..• 245524 .1112* 1279 19474 20011 24004 21725 41510 22465<br />
31597 6322 13237 45012<br />
O 67 CONSTR TAX INC FM REL FOR CORP111 27<br />
■<br />
■<br />
■ .<br />
■<br />
'<br />
■ 27<br />
68 NET INCOME (LESS DEFICIT)121 245188 .1112* 954 19474 20011 24004 21725 41502 22457 31575 6322 /3237 45039<br />
69 NET INCOME<br />
287597 ' 181 9800 21937 30606 27284 27875 45594 24504 35218 6322 13237 45039<br />
$ 70 DEFICIT<br />
42409 1293* 8646 2463* 10595 3280 6150* 4092 2047 3643<br />
RETURNS OTHER THAN FORM 1120.S1<br />
-<br />
-<br />
71 NET INCOME (LESS DEFICIT) 227399 .1112* •2081 15706 17306 20561 17512 40975 22457 31575 6322 13237 45039 ■<br />
O 72 STATUTORY SPECIAL DEDS., TOTAL 12370<br />
84* 1239 15)3 2240 740 2436 2026*<br />
73<br />
2012 3<br />
57 ■ ■<br />
NET OPERATING LOSS CARRYFRD41. 9911 .<br />
84* 1239 1446 2215 281* 1245<br />
1743<br />
(51 . ■ -<br />
74 DIVIDENDS RECEIVED DEDUCTION. 1376 .. -<br />
■ 87* 25*<br />
624<br />
O 75<br />
.<br />
DED FOR DIV PD. PUB UTIL STK.<br />
269 3 57 ■<br />
.<br />
. ' '<br />
■<br />
■<br />
■<br />
- -<br />
-<br />
. 76 WESTERN HEMISPHERE TRADE DEC.<br />
■ I II 1083<br />
- ■ ■ ■ ■ :::* 567 16* 3:: ■ ■ - ■ ■<br />
77 INCOME SUBJECT TO TAX 250709 181 3800<br />
24134 21607 22906 42704<br />
33206 .<br />
0 78 INCOME TAX MEE CREDITS), TOT131.<br />
6320 13180 45037<br />
101494<br />
45 833 17444 61 ,1: 6286 8339 16844<br />
79 SURCHARGE<br />
t:/.01 15916 305: 6256 21615<br />
-<br />
524 (5) (5)<br />
16 76 122 39<br />
-<br />
-<br />
80 TAX RECOMP PRIOR YEAR INV. CR 86 . ■ ■ (5) 16<br />
(5) 35*<br />
15<br />
0 81 'FOREIGN TAX CREDIT<br />
.<br />
■ . .<br />
14 .<br />
11<br />
■<br />
82 INVESTMENT CREDIT<br />
- 37<br />
1<br />
211 196 231 30 1 111721: 1<br />
63<br />
57<br />
83 NET INCOME(LESS DEF) AFTER TAX(4)<br />
157<br />
145246 .1156*<br />
16003 14088 17914 13617 22959 11937<br />
3331<br />
0 84<br />
7038<br />
NET INCOME AFTER TAX<br />
23581 -<br />
187662 137 8iii: 18466 24683 21194 . 19767 27058 13984 Ng! 3331<br />
85 ESTIMATED TAX PAYMENTS<br />
23581<br />
-<br />
. - 4::; 5050 10032 1489 ;N: 14750<br />
86 FORM 1120 .1 NET INCOME (LESS DEF) 17789 ■ 3035 3766 ; 2705 3443* 4213*<br />
■ ■ ■<br />
■<br />
0 DISTRIBUTIONS TO STOCKHOLDERS(<br />
87 . CASH 8 PROP EXCEPT OWN STOCK . 49717 7241* 1854* 4536 4840 7499 3139 6662 4867 183 3296 5600 s<br />
-<br />
88 CORPORATIONS OWN STOCK 10830 .<br />
■ ■<br />
66* 311* ■ 3384 ■ ■ 171 6898<br />
-<br />
■<br />
6 SELECTED INVESTMENT ITEMS)<br />
89 COST OF PROP. USED FOR INV. CR . 41127<br />
12 983 2092 7466 5056 4027 6495 4773 3256 1716 1507 37:4<br />
■<br />
90 INVESTMENT QUALIFIED FOR CREDIT 24845<br />
12 211 2<br />
4609 3188 2959 4502 2646 1771 697<br />
2249<br />
$ 91 TENTATIVE INVESTMENT CREDIT.•A• 1401 (5) (5) (5)<br />
145 . 180 196 294 183 • 124 63 57 157<br />
92 INVESTMENT CREDIT.CARRYFORWARD. 416 1 85 1 81 36 50* 99 6 55<br />
— .<br />
93 UNUSED INVESTMENT CREDIT 285 1 85 15) 48 4 17* 94 11 25 ■<br />
FOOTNOTES AT BEGINNING AND END OF FILM<br />
O U. S. TREASURY DEPARTMENT ■ INTERNAL REVENUE 'SERVICE<br />
237<br />
a<br />
a<br />
1<br />
I<br />
O<br />
> 4'