1 - Internal Revenue Service
1 - Internal Revenue Service
1 - Internal Revenue Service
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LP-1 ON 4 L OVERLAP R LP-689 689-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<br />
247<br />
MINOR INDUSTRY 5092<br />
OVER ZERO<br />
ITEM TOTAL ZERO<br />
ASSETS<br />
UNDER<br />
50<br />
(SIZE OF TOTAL ASSETS AND MONEY FIGURES IN THOUSANDS OF DOLLARS/<br />
50<br />
UNDER<br />
100<br />
100<br />
UNDER<br />
250<br />
NUMBER OF RETURNS WITH AND WITHOUT NET INCOME<br />
1 TOTAL ' 6105 43* 864 543 2395 1171 794 257 21 13 1 1 2<br />
2 WITH NET INCOME 5114 1 541 465 2080 1066 690 237 18 12 1 1 2<br />
3 WITHOUT NET INCOME 991 42* 323 78* 315 105* 104* 20* 3* 1 -<br />
4 FORM 1120.4 1369 . • 227* 76* 832 189* 38* 7 .<br />
•<br />
■<br />
250 .<br />
UNDER<br />
500<br />
500<br />
UNDER<br />
1.000<br />
1.000<br />
UNDER<br />
5.000<br />
5.000<br />
UNDER<br />
10.000<br />
10.000<br />
UNDER<br />
25.000<br />
SIZE OF TOTAL ASSETS<br />
TRADE, UMOIESALE: Miscellaneous wholesale trade,<br />
Petroleum bulk stations and terminals<br />
25.000 50.000 100,000<br />
UNDER UNDER UNDER 250.000<br />
50,000 100.000 250.000 OR MORE<br />
5 TOTAL ASSETS 3333168 24324 39881 404218 .402930 552897 450652 154502 178280 39915 58767 .1026802<br />
6 CASH ' 271484 3250 3361 54722 47111 52088 28047 10513 13220 1049 15106 43017<br />
7 NOTES AND ACCOUNTS RECEIVABLE - 890179 9456 12097 129218 105247 151458 135310 64758 60968 11004 9765 200818 •<br />
8 LESS, ALLOWANCE FOR BAD . DEBTS 13772 37* 465 2250 1256 4416 3106 407 1051 - 784<br />
9 INVENTORIES 363305 ■ 2989 6735 56035 63454 66196 51016 20015* 20243 6036 7966 62620<br />
INVESTMENTS IN GOVT. °BUGS .<br />
10 UNITED STATES 4786 - - 1058 356* 311 151* 1084* ■ 495 ■ 1482 -<br />
11 STATE AND LOCAL 3289 ■ - 28* - ■ 604* 2625 ■ 32 . ■<br />
12 OTHER CURRENT ASSETS 37977 139* 1745 2235 5381 6062 14891 1109* 1319 3019 - 2077<br />
13 LOANS TO STOCKHOLDERS 10650 574* 937* 1961 3853 2194* 639* 492 . ■ - -<br />
'14 MORTGAGE AND REAL ESTATE LOANS<br />
4966<br />
- , - ' 838* 574 1322* 2179<br />
■<br />
53<br />
-<br />
-<br />
■<br />
r 15 OTHER INVESTMENTS<br />
872855<br />
17 2126* 19977 28943 58945 58671 18781 31532 3907 15481<br />
i(11 16 DEPRECIABLE ASSETS 1294944 13398 19786 211279 220309 318005 225158 58623 54594 14428 21556 137808<br />
17 LESS: ACCUM DEPRECIATION 639539 6819 10121 106036 109762 159858 108218 26703 26126 1022 12926 71948<br />
r 18 DEPLETABLE ASSETS 3114 ■ ■ 1397* . 143 402* 14 . 865 . 293 C<br />
19 LESS) ACCUM DEPLETION 1150 .. 42* 74 - 1 ■ 789 - - 244<br />
20 LAND 171540 508 1010* 27259 28494 52810 35958 2525* 12083 1223 - 9670<br />
21 INTANGIBLE ASSETS (AMORTIZABLE/ 5836 450* 212 767 885* 606* 460* 1096 • 1005 - 1 354 •<br />
I.<br />
22 LESSt ACCUM AMORTIZATION 1829 349* 42 368 344 114* 209* 118 261 - 1 23<br />
23 OTHER ASSETS 54533 748 87* 8197 9661 7197 8155 1193* 10130 159 337 8669<br />
0<br />
634475 •<br />
•<br />
24 TOTAL LIABILITIES 3333168 - 24324 39881 404218 402930 552897 450652 154502 178280 39915 58767 1026802<br />
25 ACCOUNTS PAYABLE 992944 ■ 4315 10233 64724 83312 90456 • 110454 44672 44713 22866 8053 509146<br />
26 MORT.. NOTES. BONDS UNDER 1 YR. 240282 .. 2532 3476* 29171 32952 53299 32941 16888* 18661 6219 - 44143 •<br />
27 OTHER CURRENT LIABILITIES 140093 ■ 867 1862 18607 18649 39763 25458 3285 7861 199 10771 12771<br />
28 LOANS FROM STOCKHOLDERS 72461 1351* 550* 11251 7811 10372 9503 188 7 4 * 12494 ■ 255 -<br />
29 MORT.. NOTES. BONDS OVER 1 YR 525798 - 3981* 2687* .50827 66058 92098 64504 8358 41140 8769 5895 - 181481 •<br />
30 OTHER LIABILITIES 41767 .. 1450* 766 5436 3745 9767 10575 4245* 1425 60 - ■ 4298<br />
31 CAPITAL STOCK •558641 ■ 8100 7084 80961 80761 125477 60374 13685 16996 143 24567 - 140493<br />
32 PAID-IN OR CAPITAL SURPLUS 96263 ■ 227 2287* 9441 9816 5572 8497 12205* 8767 1078 . 58373 a<br />
33 RETAINED EARNINGS. APPROP 27413 - - 9206 3321 7315 7369 a - - 200<br />
34 RETAINED EARNINGS. UNAPPROP • 651948 - 1501 11114 128075 98800 124133 123366 32312 26519 581 9226 - 96321<br />
35 LESS. COST OF TREASURY STOCK 14442 ■ ■ 178 3481 2295* 5355 2389 24 296 ■ ■ ■ 424 a<br />
36 TOTAL RECEIPTS 7650526 2652 85361 112693 1311782 1190224 1571043 1108351 310263 348406 56419 176226 1377106<br />
37 BUSINESS RECEIPTS 7434724 2642 71111 111235 1280317 1161135 1542157 1076720 294092 337276 56198 174931 1326910 0<br />
INTEREST ON GOVT. OBLIGATIONS,<br />
38 UNITED STATES 365 . .. . 42 82 49 114 30* 1 25 1 21 ■<br />
39 STATE AND LOCAL 74* . . 33 , 30* 11 . . ■ ■ •<br />
40 OTHER INTEREST 12543 - (51 1* 1061 937 1770 1988 1966 1044 34 205 . 3537<br />
41 RENTS<br />
43910<br />
520* 751* 6390 7268 11202 9484 1038* 3211<br />
■ 46<br />
42 ROYALTIES<br />
280<br />
-<br />
■<br />
-<br />
237* 18*<br />
-<br />
23<br />
I<br />
.<br />
4000<br />
1<br />
•<br />
■<br />
43 NET S...7 CAP GAIN LESS L.T LOSS. 582 ... . ... 49* • . 49 143* (5) 341 ■ - ■ ■<br />
44 NET L-T CAP GAIN LESS S - T LOSS. 8712 ■ 2 15/ 978 192 509 3283 1926 919 - 828 ■ 75<br />
45 NET GAIN, NONCAPITAL ASSETS 2787 ■ 75* 84* 767 215 760 703 96 74 .. . 13 •<br />
46 DIVIDENDS. DOMESTIC CORPS 7234 - ■ 42* 245 125 56 812 694 921 - 25 .. 4314<br />
47 • DIVIDENDS. FOREIGN CORPS 28749 - - - - 15/ 612 1 183 -<br />
• 27953<br />
48 OTHER RECEIPTS 110566 10 13653 538 21860 20303 14189 15140 9827* 4571 2 170 10303<br />
49 TOTAL DEDUCTIONS 7508520 2666 84232 109668 1272702 1170586 1544968 1082929 302097 342509 56039 173790 - 1366334<br />
50 COST OF SALES AND OPERATIONS 6332115 2453 45695 78804 1026235 968654 1261413 911137 261454 297925 53622 149672 - 1275051 •<br />
51 COMPENSATION OF OFFICERS 107982 .. 5389 2861* 32866 25040 26751 10625 788* 1681 157 97 1727<br />
52 REPAIRS 34092 ■ 1509 1037 6320 5527 7839 5908 676 1380 18 1679 - 2199<br />
53 BAD DEBTS 17168 - 896 917 3718 3905 4210 2100 457* 358 ■ 216 391 •<br />
54 * RENT PAID ON BUSINESS PROPERTY 75437 4 1935 3386 14321 17625 16576 11662 2151 2176 26 964 4311<br />
55 TAXES PAID 156506 .- (5)* 6566 5649 46996 28356 39437 15161 1758 7482 264 775 4052<br />
56 INTEREST PALO 47817 4 444 537 4771 5628 8461 5030 2713 4214 584 690 14741<br />
57 CONTRIBUTIONS OR GIFTS 1215 ■ 3* (54* 134 208 214 388 29 74 20 19 126<br />
58 AMORTIZATION 286 2 6* 15)* 198 65 151 1* 151 14 ■ (5) (5)<br />
59 DEPRECIATION 105709 (51 3026 2093 20632 17072 25033 16306 4196 3397 480 1406 - 12068 •<br />
60 DEPLETION 1299 .. ■ 42* 15) 49* 340* (51* 711 39 ■ 151 118<br />
61 ' ADVERTISING 21460 (5) 341 617 5247 4137 4550 3712 803 834 5 470 - 744<br />
62 PENSION, PROF SH.,ANNUITY PLANS 9302 ■ .. 822. 1077 2121 2431 361* 262 81 530 1617 0<br />
63 OTHER EMPLOYEE BENEFIT PLANS 4357 ■ 163* 82* 602 504 .1065 1424 305* 51 10 - 151<br />
64 NET LOSS, NONCAPITAL ASSETS 622 3 55* 57* 198* 83* 98 63 (54* 7 - 6 52<br />
r 65 OTHER DEDUCTIONS 593153 200 18204 13586 109642 92656 146860 96681 25695 22615 772 17266 48976 •<br />
r<br />
66 TOTAL RECEIPTS LESS DEDUCTIONS 142006 -14 1129 3025 39080 19638 26075 25422 8166 5897 380 2436 10772<br />
67 CONSTR TAX INC FM REL FOR CORN') 60378 - ■ - - - - - 15/ . 60378 0<br />
68 NET INCOME (LESS DEFICIT)(2) 202310 ■ 14 1129 3025 39047 19638 26075 25392 . 8155 5897 380 2436 71150<br />
69 NET INCOME 216580 29 2073 3629 41653 21584 31758 26798 8856 6234 380 2436 71150<br />
70 DEFICIT 14270 43 944 604* 2606 . 1946* 5683* 1406* 701* 337 ■ - •<br />
RETURNS OTHER THAN FORM 1120■Si<br />
71 NET INCOME (LESS DEFICIT) 178671 •14 . 1514 3415 20558 12665 28396 ' 24119 8155 5897 380 2436 - 71150<br />
72 .STATUTORY SPECIAL DEDS.. TOTAL. 56701 25 07* 49* 245 599 865 1741 1628 907 255 21 - 50279 •<br />
73 NET OPERATING LOSS CARRYFRO 50702 25 87* 7 180 551* 849 1055* 1036 125 255 46612<br />
74 DIVIDENDS RECEIVED DEDUCTION. 5919 ■ ■ 42* 65 48 16 686 592 782 ■ 21 - 3667<br />
r 75 DED FOR DIV PD. PUB UTIL STK. .. - . . ■ ■ . ■ . .<br />
.0,1 76 WESTERN HEMISPHERE TRADE DED. - . ■ ■ - ■ ■ ■ - ■ - ■ ■<br />
77 INCOME SUBJECT TO TAX 132371 4 1607 3566 22504 14040 30890 23789 7231 5330 125 2415 20870<br />
1 78 INCOME TAX (BEF CREDITS). 10143) 49524 1 339 764 5870 3754 11951 9897 3416 2527 54 962 9989 •<br />
79 SURCHARGE 439 (51 (5)* 151* 32 16 230 96 5* .60 - ■<br />
80 TAX RECOMP PRIOR YEAR INV. CR 166 ■ ■ ■ 32 (5) 36 51 43* 4 ■ (51 -<br />
1 81 FOREIGN TAX CREDIT 4418 ■ - - . (5/ 922 29 30 - - 3437 0<br />
I<br />
82 INVESTMENT CREDIT 3483 - 84* 87* 609 539 763 591 93 94 24 15 584<br />
83 NET INCOME(LESS DEP! AFTER TAX141 156269 •15 874 2348 33786 16423 14887 16086 4832 3464 350 1489<br />
- 61745<br />
84 NET INCOME AFTER TAX<br />
170589<br />
28 1818 2952 36392 18369 20570 17515 5560 3801 350 1489<br />
■ 61745 •<br />
85 ESTIMATED TAX PAYMENTS 12394 . - 3 2672 1517* 1081 1357 - 814 . 4950<br />
86 FORM 1120-S NET INCOME (LESS DEP) 23639 - •185* .390* 18489 6973* .23216 1273 - - .. -<br />
I<br />
DISTRIBUTIONS TO STOCKHOLDERS:<br />
87 CASH 0 PROP EXCEPT OWN STOCK 27872 - 38* 13* 10606 3875* 2742 3501 920 2539 ■ 738 - ' . 2900<br />
88 CORPORATION'S OWN STOCK 4585 - . 803 3279 503* . - . - .<br />
f SELECTED INVESTMENT ITEMS: 0<br />
89 COST OF PROP. USED FOR INV. CR . 62735 - •597* 8602* 18251 13215 16595 13681 3128* 2614 176 1799 . 4077<br />
90 INVESTMENT QUALIFIED FOR CREDIT 52744 . 596* 1663 11044 9605 12424 8630 2325* 1008 154 216 0 4077<br />
f 91 TENTATIVE INVESTMENT CREDIT 3453 . 42* 69 706 626 781 609 163* 126 11 15 0 265 •<br />
92 INVESTMENT CREDIT CARRYFORWARD, 2045 - 42* 65* 50* 92* 125 414 239* 116 566 - - 314<br />
93 UNUSED INVESTMENT CREDIT 1927 - . (5)* 2 147* 179 143* 429 309* 150 553 - - 15<br />
FOOTNOTES AT BEGINNING AND END OF FILM<br />
• U. S. TREASURY DEPARTMENT INTERNAL REVENUE SERVICE 9<br />
•••