1 - Internal Revenue Service
1 - Internal Revenue Service
1 - Internal Revenue Service
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LP- 1 ON 4<br />
--<br />
L OVERLAP R LP-678<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 NETBALANCE SHEET, INCOME STATEMENT/ TAX, AND INVESTMENT CREDIT ITEMS. BY INDUSTRY GROUP AND BY SIZE OF TOTAL ASSETS<br />
INCOME<br />
(SIZE OF TOTAL ASSETS AND MONEY FIGURES IN THOUSANDS OF DOLLARS)<br />
SIZE OF TOTAL ASSETS<br />
ITEM TOTAL<br />
OVER ZERO 50 100 250 500 1.000 5.000<br />
ZERO UNDER UNDER UNDER UNDER UNDER UNDER UNDER<br />
ASSETS 50 100 250 500 1.000 5.000 10.000<br />
NUMBER OF RETURNS WITH AND WITHOUT NET INCOME<br />
1 TOTAL 12732 256 4806 1752 2735 1504 842 675 93 47 18 2<br />
2 WITH NET INCOME 8497 125* 2347 1080 2257 1234 741 576 78 38 18<br />
3 WITHOUT NET INCOME 4235 131 2459 672 478 270 101* 99 15* 9<br />
4 FORM 1120-S 1760 38* 606 227* 455 305 113* 16<br />
10.000<br />
UNDER<br />
25.000<br />
241<br />
MINOR INDUSTRY 5048<br />
TRADE. WHOLESALE. Orwmiries and related products,<br />
Groceries and related products, except meat and<br />
meat products<br />
25.000 50.000 100.000<br />
UNDER UNDER UNDER 250,000<br />
50.000 100.000 250.000 OR MORE<br />
S TOTAL ASSETS 5728210 96838 129047 447732 525872 590703 1326665 603392 717712 613788 106144 164029 406288<br />
6 CASH 419886 16321 12832 66850 44213 45211 90985 34293 46744 36159 4743 1650 19885<br />
7 NOTES AND ACCOUNTS RECEIVABLE /741294 35697 47536 149209 217207 200854 408334 128343 202024 183807 26773 44370 97140<br />
8 LESS' ALLOWANCE FOR BAD DEBTS 35641 1861 887* 3733 2472 7000 9013 2044 4473 2157 585 495 921<br />
9 INVENTORIES 1672080 8716 26011 88694 148796 183780 481256 194537 226480 176707 44394 19469 73240<br />
INVESTMENTS IN GOVT. OBLIG.<br />
10 UNITED STATES 33103 5 1016 769 5869 908 5510 2819 16207<br />
11 STATE AND LOCAL 12146 30* 6248* 2483 436 2949<br />
12 OTHER CURRENT ASSETS 107648 2226 1312 6125 6128 5964 22447• 13562 10241 11880 5769 18468 3526<br />
13 LOANS TO STOCKHOLDERS 25064 2572 2219* 7262 1890* 907* 4001 6213<br />
14 MORTGAGE AND REAL ESTATE LOANS. 7481 )5) 609* 632 . 33* 88* 1738* 797 139 309 3136<br />
15 OTHER INVESTMENTS... • 568612 1543 1023 21477 17051 38225 65956 116637 57010 82531 8347 21136 137676<br />
16 DEPRECIABLE ASSETS 1739403 47905 •7652 173618 157951 167017 374471 154554 215648 187999 24940 80224 97424<br />
17 LESSI ACCUM DEPRECIATION 827537 26609 29398 84160 87341 83809 171052 65412 82214 105044 10713 41336 40449<br />
18 DEPLETABLE ASSETS 1318* 678* 640* (5)<br />
19 LESS) ACCUM DEPLETION 496* 466* 30 (5) • .<br />
20 LAND 95656 1105 2148 7618 7063 10921 21611 6693 15888 6376 1051 11891 3291<br />
21 INTANGIBLE ASSETS (AMORTIZABLE) 10491 1642 126 855 19 2748 926 1062 3113<br />
22 LESS) ACCUM AMORTIZATION 2943 433 42 490 18 298 545 607 510 ■<br />
23 OTHER ASSETS 160645 7797 7906 12729 8335 20226 31549 9709 26515 13462 1425 5516 15476<br />
24 TOTAL LIABILITIES 5728210 96838 129047 447732 525872 590703 1326665 603392 717712 613788 106144 164029 406288<br />
25 ACCOUNTS PAYABLE 1413276 28650 36892 116850 155973 116920 380035 142071 178307 163305 35721 13975 43677<br />
26 MORT., NOTES, BONDS UNDER 1 YR 579140 14767 12320 44276 47757 66566 161658 64557 84596 47524 5144 6482 23493<br />
27 OTHER CURRENT LIABILITIES 357130 7582 5668 31144 24976 36729 69504 24703 40695 52678 12007 23455 27989<br />
28 LOANS FROM STOCKHOLDERS 151387 10665 10114 27581 20658 22585 31997 10663 10468 586 6070<br />
29 MORT.. NOTES. BONDS OVER 1 YR 655864 8018 10063 40508 23579 44087 115235 74693 124951 59920 12831 32806 109173<br />
30 OTHER LIABILITIES 220284 4761 1198 6381 6830 25816 27332 35831 46540 38358 16696 4433 6108<br />
31 CAPITAL STOCK 836353 40260 49494 78443 90112 87414 176542 115299 85694 66307 6372 24662 15754<br />
32 PAID—IN OR CAPITAL SURPLUS 300095 7355 2528 7566 6966 8713 33603 17680 35135 50269 3265 38770 88245<br />
33 RETAINED EARNINGS. APPROP 31617 18 2126 220* 459* (5)* 17515 1064 8900 1315<br />
34 RETAINED EARNINGS. UNAPPROP 1245704 -23926 3198 98879 154963 186851 325370 135691 103625 141707 14108 13376 91862<br />
35 LESSI COST OF TREASURY STOCK 62440 1312* 4554* 4116 6401 4978 13026 18860 1199 8181 13<br />
36 TOTAL RECEIPTS 30325749 17259 1075924 623621 2528646 2939479 3133295 7506992 2968949 4389635 3528754 877861 124191 611143<br />
37 BUSINESS RECEIPTS 29934021 16421 1072247 614830 2498480 2924808 3107669 7421801 2882300 4324623 3492039 872530 109345 597728<br />
INTEREST ON GOVT. OBLIGATIONS)<br />
38 UNITED STATES 1640 6 1 (5)* 98 117 280 100 288 114 631 5<br />
39 STATE AND LOCAL 495 17 16* 174* 25 263 l5)<br />
40 OTHER INTEREST 26968 177 269 197* 1255 1353 786 4396 5915 3848 3559 613 3428 1172<br />
41 RENTS 28044 339* 1063 3383 2176 4146 3473 1702 3928 1963 3039 2050 782<br />
42 ROYALTIES 617 (51* (5) 13 99 458 3 2 42<br />
43 NET S-T CAP GAIN LESS L...4 LOSS. 412 124* 49 16 (5) 83* 78 62<br />
44 NET L..7 CAP GAIN LESS S—T LOSS. 14153 522 2 398* 401 913 1676 2179 845 1037 485 86 3339 2270<br />
45 NET GAIN. NONCAPITAL ASSETS 3548 120* 128* 172* 311 172 114 559 124 349 409 20 1039 31<br />
46 DIVIDENDS' DOMESTIC CORPS 12342 (5) 4* 13* 184 102 298 2562 6324 1404 278 58 481 634<br />
47 DIVIDENDS. FOREIGN CORPS • 1578 - 5 13 (5) 1154 403<br />
48 OTHER RECEIPTS 301131 13 2810 6948 24468 9806 18326 71644 71339 53771 27908 1510 4507 8081<br />
49 TOTAL DEDUCTIONS 30018885 17534 1077433 619089 2496289 2913407 3094553 7433757 2946449 4356536 3492684 871559 119167 580428<br />
SO COST OF SALES AND OPERATIONS 26708397 14046 865665 510232 2086702 2493503 2692785 6760426 2726705 4025251 3195440 823452 58456 455734<br />
51 COMPENSATION OF OFFICERS 268705 /85 45721 17756 60159 45431 33566 40670 7940 8741 6571 882 1083<br />
52 REPAIRS 56429 85 1306 1597 5043 6959 7359 11876 4457 6716 4736 1296 520 4479<br />
53 BAD DEBTS 32169 317* 1255 1141 3832 2871 4107 7342 2070 6096 1452 303 399 1004<br />
54 RENT PAID ON BUSINESS PROPERTY 146219 171 6742 5314 14009 21152 13779 31860 9538 16136 11275 5120 3177 7946<br />
55 TAXES PAID 180792 67 7849 5311 25532 20722 23326 38638 11859 17155 13443 3361 5288 8241<br />
56 INTEREST PAID 76605 268 1156 1741 5486 4558 6916 17174 8565 12188 8645 1171 3515 5222<br />
57 CONTRIBUTIONS OR GIFTS . 4625 (51 10 16 412 343 498 1242 695 488 668 34 94 125<br />
58 AMORTIZATION 975 136 (5) 134 33 120 60 2 169 33 1 278<br />
59 DEPRECIATION 143558 249 5937 5786 19066 15008 14823 29766 11099 15323 13269 2452 4173 6607<br />
60 DEPLETION 204 (51* (51 27 27 150 (5)<br />
61 ADVERTISING 96161 48 1987 895 4599 10248 6581 16541 5441 32611 8320 605 701 7494<br />
62 PENSION. PROF SH..ANNUITY PLANS 40603 3 1288* 42* 3158 4106 6481 8008 3009 4902 4576 1911 1494 162!<br />
63 OTHER EMPLOYEE BENEFIT PLANS 22868 (5) 1911 350* 2199 1512 2504 5215 2251 2960 2725 901 340<br />
64 NET LOSS. NONCAPITAL ASSETS 2337 161 238* 84* 469 1* 115 913 10 286 60<br />
65 OTHER DEDUCTIONS 2238218 1934 136232 68824 265489 286960 281593 463990 152781 207364 221471 29981 41009 80590<br />
66 TOTAL RECEIPTS LESS DEDUCTIONS 306864 -275 -1509 4532 32357 26072 38742 73235 22500 33099 36070 6302 5024 30715<br />
67 CONSTR TAX INC FM REL FOR CORP(1) 360 (5) 200 160<br />
68 NET INCOME (LESS DEFICIT)(2) 306729 .275 -1509 4532 32340 26056 38742 73061 22500 33074 36007 6302 5024 30875<br />
69 NET INCOME 358106 671 11626 10402 39202 30941 42535 83861 24353 36307 36007 6302 5024 30875<br />
70 DEFICIT 51377 946 13135 5870 6862 4885 3793* 10800 1853 3233<br />
RETURNS OTHER THAN FORM 1120.51<br />
71 NET INCOME (LESS DEFICIT) 282456 -18 -2825 3300 24597 16813 34883 71924 22500 33074 36007 6302 5024 30875<br />
72 STATUTORY SPECIAL MS./ TOTAL. 24095 117* 1056 (017* 2713 442 438 7567 5776 1624 1864 313 409 759<br />
73 NET OPERATING Loss CARRYFRO 11419 117* 1056 340* 2579 405* 190* 5230 400 381 238 263 220<br />
74 DIVIDENDS RECEIVED DEDUCTION. 10452 (5) (5) (5)* 134 . 37 248 2184 5376 1238 237 SO 409 539<br />
4 75 DED FOR DIV PD. PUB UTIL STK.<br />
76 WESTERN HEMISPHERE TRADE DED 2224* 677* 153 5 1389<br />
77 INCOME SUBJECT TO TAX 307940 554 7889 8132 28755 21241 38220 74954 18605 34726 34144 5989 4615 30116<br />
it 78 INCOME TAX (BEF CREDITS), TOT(3) 126818<br />
88 1779 1907 7762 6566 14732 33540 8493 16556 16415 2858 1476 14646<br />
79 SURCHARGE<br />
2065<br />
(51<br />
(5)<br />
(5)<br />
16<br />
1 236 633<br />
91 208 187<br />
693<br />
80 TAX RECOMP PRIOR YEAR INV. CR 355 451 49 (5)* 39 74 32 49 46 7 35 24<br />
81 FOREIGN TAX CREDIT 2865 (5) 3 111 2475 276<br />
82 INVESTMENT CREDIT 6049 (5) 212 327 261 651 1496 585 757 531 42 324 863<br />
83 NET INCOME(LESS DEF) AFTER TAX(4) 185960 -363 -3288 2837 24905 19751 24661 41017 14592 17275 20123 3486 3872 17092<br />
84 NET INCOME AFTER TAX<br />
237348 583 9847 8707 31767 24636 28454 51817<br />
20518 20123 3486 3872 17092<br />
85 ESTIMATED TAX PAYMENTS<br />
43936 • 91<br />
33* 181 1525 6392 1 3425 8827 11036 2992 1060 8374<br />
86 FORM 1120-S NET INCOME (LESS DEF) 24273 -257* 1316 1232* 7743 9243 3859* 1137<br />
DISTRIBUTIONS TO STOCKHOLDERS.<br />
87 CASH 41: PROP EXCEPT OWN STOCK 70047 731* 3932* 1089* 5660 6814 4971 6558 3464 6068 9529 2196 2464 16571<br />
88 CORPORATION'S OWN STOCK 5987 1904 131* 1230 2125 597<br />
SELECTED INVESTMENT ITEMS'<br />
89 COST OF PROP. USED FOR INV. CR . 158146 13 3142 5217 18108 9801 13719 37440 17284 20141 14372 1465 3572 13872<br />
90 INVESTMENT QUALIFIED FOR CREDIT 108907 13 1439 3728 11360 6025 9981 26616 11952 14175 7931 601 2764 12322<br />
4 91 TENTATIVE INVESTMENT CREDIT 7251 15) 42 211 679 367 693 1831 838 953 547 42 185 863<br />
92 INVESTMENT CREDIT CARRYFORWARD 2628 ' (5) ' 42 254 118 349 60* 1236 326 66 38 (5) 139<br />
93 UNUSED INVESTMENT CREDIT 3852 15) 84 295* 454 455 101* 1564 583 262 54<br />
FOOTNOTES AT BEGINNING AND END OF FILM<br />
U. S. TREASURY DEPARTMENT INTERNAL REVENUE SERVICE