1 - Internal Revenue Service
1 - Internal Revenue Service
1 - Internal Revenue Service
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LP-1 ON 4<br />
• 1967 CORPORATION<br />
SOURCE BOOK OF STATISTICS OF INCOME<br />
655898<br />
458616<br />
51532<br />
1951<br />
466<br />
21199<br />
11085<br />
1783<br />
44<br />
55<br />
5775<br />
15)<br />
4217<br />
380<br />
317<br />
309<br />
98167<br />
L OVERLAP R LP-719 719-RP RP-1 ON 62<br />
4<br />
ACTIVE CORPORATION INCOME TAX RETURNS, JULY 1967 JUNE 1968<br />
267<br />
BALANCE SHEET, INCOME STATEMENT. TAX, AND RETURNS WITH AND WITHOUT NET INCOME INVESTMENT CREDIT ITEMS. BY INDUSTRY GROUP AND BY SIZE OF TOTAL ASSETS<br />
MINOR INDUSTRY 5291<br />
ITEM<br />
TOTAL<br />
ZERO<br />
ASSETS<br />
TRADE. RETAIL, Miseellaneoue retail atoreut<br />
(SIZE OF TOTAL ASSETS AND MONEY FIGURES IN THOUSAND __S OF DOLLARS)<br />
Drug stores and proprietary stored<br />
E OF<br />
OVER ZERO 50 100 250 500 11000 TOTAL ASSETS<br />
UNDER UNDER<br />
50000<br />
UNDER 10/000 25,000<br />
UNDER 50.000 100.000<br />
50<br />
UNDER UNDER<br />
100<br />
UNDER<br />
250<br />
UNDER<br />
500<br />
UNDER UNDER<br />
1.000<br />
UNDER<br />
5.000<br />
230.000<br />
10.000 25,000 50,000 100.000 250,000 OR MORE<br />
NUMBER OF RETURNS WITH'ANO WITHOUT NET INCOME<br />
I TOTAL 18783 330<br />
2 WITH NET INCOME<br />
6059 6549 4476<br />
14160<br />
926<br />
136*<br />
271 126 27 10 2 2<br />
3 WITHOUT NET INCOME<br />
3871 5355 3623<br />
4623<br />
775<br />
194*<br />
250 105 27 . 9 5<br />
4<br />
2 a<br />
FORM 1120<br />
2188<br />
■ 5<br />
1194 853<br />
4433<br />
151 21* 21* ■<br />
189* 1439 1704 1023 77*<br />
1<br />
■ 1 . • -<br />
5 TOTAL ASSETS 2942913 ■ 179198<br />
6 CASH<br />
469635 686482 330549<br />
296193<br />
181489 241661 186223<br />
0<br />
17098 58161<br />
177309 145517 125689 219161<br />
7 NOTES AND ACCOUNTS RECEIVABLE<br />
77731 33077<br />
392902<br />
20054<br />
-<br />
22245<br />
8<br />
20533 66501<br />
10959 15798<br />
LESS, ALLOWANCE FOR BAD DEBTS<br />
100501 48353<br />
12792 11172 17106 ■<br />
6952<br />
22019 38408<br />
■<br />
9<br />
140<br />
24793<br />
990<br />
14118<br />
INVENTORIES<br />
412<br />
8340<br />
213*<br />
16157<br />
1408730<br />
156*<br />
33179<br />
2524<br />
■ 104982<br />
165<br />
111<br />
INVESTMENTS IN GOVT. OLIO,<br />
235182<br />
198<br />
319539<br />
•<br />
140254<br />
192 1701<br />
76884<br />
261<br />
115442 96956 95704 76571 34681 112335 .<br />
10 UNITED STATES 8799 -<br />
11<br />
38<br />
STATE AND LOCAL<br />
904 5443 803* . . , 263<br />
I<br />
1216* - 600 748<br />
■<br />
■<br />
12 OTHER CURRENT ASSETS<br />
1 .<br />
68108<br />
410* 551* . . -<br />
■<br />
881 254 . .<br />
13 LOANS TO STOCKHOLDERS<br />
4921 16656 • 5093<br />
21506<br />
3697 17396 2314<br />
-<br />
14 MORTGAGE<br />
1305 6373<br />
2872<br />
,AND REAL ESTATE LOANS<br />
12131<br />
3364<br />
1595* .<br />
3065 7849<br />
2109 (5)<br />
91*<br />
15 OTHER INVESTMENTS<br />
4<br />
11*<br />
•<br />
1400*<br />
.<br />
705*<br />
.<br />
., ,.. . . .<br />
- —<br />
140844<br />
1752 ■<br />
16 DEPRECIABLE ASSETS<br />
7567 22193 ' 12046<br />
962053<br />
17048<br />
-<br />
18761<br />
17<br />
60672<br />
22804<br />
155840<br />
12305<br />
LESS, ACCUM DEPRECIATION<br />
208716<br />
13518<br />
138025<br />
5340<br />
493918<br />
69438 54573<br />
7510<br />
•<br />
30126<br />
52674<br />
18DEPLETABLE ASSETS<br />
86296<br />
54607<br />
■<br />
106613 68326<br />
41135 56521<br />
1183* -<br />
34398<br />
69852<br />
-<br />
30329 32438 24921 142e2 21699 34290 .<br />
19 9<br />
LESS, ACCUM DEPLETION<br />
(5) 82* 26<br />
514*<br />
.<br />
■ -<br />
5*<br />
20 LAND<br />
(5)<br />
1061*<br />
16*<br />
. ■ ■<br />
25 ■ 3* 470* ■ ■<br />
.<br />
45672<br />
■<br />
• ■ 21 265 4490<br />
INTANGIBLE ASSETS (AMORTIZABLE)<br />
8273 . .. ■<br />
12279 3304*<br />
7836<br />
..<br />
3651<br />
■<br />
22 917<br />
2054<br />
1923<br />
3678<br />
LESS1 ACCUM AMORTIZATION<br />
2115<br />
1097<br />
98<br />
4127<br />
544*<br />
1666 4917<br />
583*<br />
■<br />
23 OTHER ASSETS<br />
506<br />
696<br />
1546 858<br />
172 765<br />
49<br />
3<br />
•<br />
91273<br />
219*<br />
. .<br />
7520<br />
226*<br />
16600<br />
27<br />
•<br />
19601<br />
124<br />
■<br />
6808<br />
570<br />
3064<br />
2 ■<br />
3037 4738 2698 5957 20286 964<br />
24 TOTAL LIABILITIES<br />
.<br />
2942913 ..<br />
25<br />
179190 469635<br />
ACCOUNTS PAYABLE<br />
686482 330549 e<br />
• 26<br />
663090<br />
161489 241661<br />
38419<br />
386223<br />
MORT.. NOTES, BONDS UNDER 1 YR<br />
93115<br />
177309<br />
■<br />
160311<br />
145517<br />
152921<br />
68243<br />
125689<br />
44883 51575<br />
219161 .<br />
56266 35856<br />
■<br />
30760 21878 61784 ■<br />
27<br />
12607 29368<br />
OTHER CURRENT LIABILITIES<br />
34441 14878<br />
191804<br />
14849 29112<br />
■ 8912<br />
2120<br />
28 LOANS FROM STOCKHOLDERS<br />
' 21431 44939<br />
8668<br />
21625<br />
2168<br />
•<br />
113903<br />
10616<br />
3691<br />
24916<br />
1019 ■<br />
■ 22891<br />
7498<br />
37136 33941<br />
13383<br />
I<br />
15403<br />
11717<br />
6133<br />
7087* 1131* -<br />
16948<br />
29 MORT.. NOTES. BONDS OVER 1 YR•• 356420'<br />
. ..' .<br />
-<br />
■<br />
30 OTHER LIABILITIES<br />
15057 51355 64728<br />
70240<br />
47647 17753<br />
■ 6506<br />
29392<br />
31 CAPITAL STOCK<br />
6191<br />
31548*<br />
16037<br />
13608<br />
4065<br />
24065<br />
482537<br />
8794<br />
26867<br />
•<br />
-<br />
10966<br />
34400<br />
3759 6072<br />
•<br />
54114 939 3663 3248 .<br />
32 PAID—IN OR CAPITAL SURPLUS<br />
111172 120826<br />
110704<br />
61777 20188 28076<br />
■ 1467 15647<br />
21803<br />
33 RETAINED EARNINGS. APPROP<br />
10742<br />
12265<br />
11772<br />
14911 12623<br />
18500<br />
3540<br />
24782<br />
6804<br />
■<br />
34 2651 2335*<br />
7397<br />
RETAINED EARNINGS. UNAPPROP<br />
7490<br />
'15337<br />
3625*<br />
11560 22574<br />
• .<br />
820226<br />
967*<br />
3864<br />
455 866* .<br />
•<br />
- 19918 111 ■ .<br />
35 LESS) COST OF TREASURY STOCK<br />
108206 197673<br />
37432<br />
96838<br />
..<br />
53857<br />
3344<br />
60443<br />
6321*<br />
55757<br />
4646<br />
72157 54001<br />
11638* 1045*<br />
'28260 73116<br />
1209* 791* 37 8401 - —<br />
36 TOTAL RECEIPTS 41<br />
8404025 47596<br />
•<br />
661264<br />
37 BUSINESS RECEIPTS<br />
1440107 1886160 763849<br />
8260919<br />
440752<br />
46254<br />
713762<br />
656259<br />
465285<br />
1427288<br />
539635 433200 243825 768590<br />
INTEREST ON GOVT. OBLIGATIONS,<br />
1864022 746428 431932 700061 448482 529373 427287 233722<br />
38 UNITED STATES<br />
•<br />
330<br />
.<br />
749811 •<br />
39<br />
.,<br />
STATE ANO LOCAL<br />
. 147 113<br />
89<br />
(5)* 32* 3* ■<br />
..<br />
1 34<br />
■<br />
40 OTHER INTEREST .,<br />
(54* .<br />
5923<br />
16<br />
.<br />
5<br />
16* 4*<br />
41 RENTS<br />
63 489<br />
. 1<br />
1626 926<br />
7 .<br />
25595<br />
273<br />
42 ROYALTIES<br />
281*<br />
668<br />
45<br />
515 203 377<br />
•<br />
728* 1151 3129 115 663<br />
124* -<br />
4078 1685*<br />
43 (5)<br />
1946 5324*<br />
-<br />
NET S—T CAP GAIN LESS L—T LOSS. 16<br />
3748 973 445 2107<br />
■<br />
499 ..<br />
91*<br />
44 NET L—T CAP GAIN LESS S—T LOSS.<br />
106<br />
42* 49<br />
12<br />
7103<br />
295*<br />
.<br />
•<br />
482<br />
. .<br />
5<br />
(5)<br />
. 4<br />
•<br />
2 1 .<br />
45 NET GAIN. NONCAPITAL ASSETS•.•.<br />
381 2476<br />
680<br />
461 2365*<br />
Iii 46 DIVIDENDS, DOMESTIC CORPS<br />
—<br />
5*<br />
306*<br />
4 6 *<br />
24* 129 65 667 48<br />
5141<br />
183<br />
47<br />
.<br />
37<br />
(5)*<br />
16 32*<br />
DIVIDENDS. FOREIGN CORPS 2<br />
6<br />
362<br />
26<br />
166<br />
5<br />
•<br />
596<br />
507* 1081*<br />
23<br />
2286*<br />
■<br />
48 OTHER RECEIPTS .<br />
2<br />
•<br />
. 14 43 678<br />
97026<br />
.<br />
574*<br />
.<br />
3802<br />
(51* .<br />
10561<br />
.<br />
14184 11442 3926<br />
596<br />
9871 8648 6136 4436 8832<br />
49 TOTAL DEDUCTIONS<br />
14614<br />
8161493<br />
•<br />
45865<br />
50 COST OF SALES AND OPERATIONS 1399111 1828320<br />
5774738<br />
741571 427352<br />
957477 1279532<br />
509207 417685<br />
51<br />
33072<br />
453585<br />
COMPENSATION OF OFFICERS 279190<br />
504997<br />
241485<br />
298598<br />
745106<br />
100894 80385<br />
381981<br />
24999<br />
301046<br />
52<br />
1088*<br />
316947<br />
152441<br />
REPAIRS<br />
27023<br />
5001<br />
558632<br />
4339 5274<br />
2614 2024<br />
53 BAD DEBTS<br />
65*<br />
2756<br />
6736<br />
2606<br />
1138<br />
1700<br />
654<br />
12*<br />
1386<br />
1982<br />
2011<br />
1156 1504<br />
54 RENT PAID ON BUSINESS PROPERTY 238419<br />
1060<br />
1223<br />
496<br />
2349<br />
35751 52729<br />
254<br />
55<br />
2379<br />
147*<br />
89<br />
TAXES PAID 129115<br />
23720<br />
264<br />
13973<br />
64<br />
24832 35549<br />
13748<br />
56 12069<br />
10466<br />
•<br />
702<br />
17854<br />
9159<br />
INTEREST PAID 28948<br />
6661<br />
20772<br />
105*<br />
4391<br />
5914<br />
5938<br />
7080 6087<br />
57 CONTRIBUTIONS OR GIFTS 2643<br />
3637<br />
3191 6782<br />
2281<br />
280 497<br />
1434<br />
58<br />
6*<br />
1965*<br />
256<br />
1518 1663<br />
AMORTIZATION 687<br />
132<br />
1867<br />
96<br />
83<br />
301 393<br />
•<br />
40*<br />
179*<br />
59 DEPRECIATION 79347<br />
49<br />
47 313<br />
373*<br />
2*<br />
13776<br />
1<br />
17294<br />
93<br />
6<br />
60 DEPLETION<br />
8916<br />
221<br />
6198<br />
4694 4061 4003 4507 5636<br />
61 ADVERTISING 98922<br />
• 62<br />
517<br />
PENSION. PROF SH..ANNUITY PLANS<br />
13196 19766 9029<br />
15526<br />
5612<br />
6840 8696<br />
1480 2247<br />
7765 4848<br />
63 1788<br />
11284<br />
OTHER EMPLOYEE BENEFIT PLANS 14090 ' (5)<br />
396<br />
736<br />
992*<br />
1111<br />
2291<br />
1745<br />
885<br />
459*<br />
916<br />
64 NET LOSS. NONCAPITAL ASSETS<br />
2445<br />
•<br />
2598<br />
660*<br />
65 OTHER DEDUCTIONS 39<br />
1024<br />
967*<br />
2422 441<br />
1463459<br />
147<br />
4813<br />
ft<br />
6::: *<br />
2*<br />
240438<br />
44<br />
324937<br />
360<br />
24<br />
146553<br />
14<br />
8584/<br />
92610 64114 79453 01412 129494<br />
66 TOTAL RECEIPTS LESS DEDUCTIONS... 242532 1731<br />
67 CONSTR TAX INC FM REL FOM CORP(1)<br />
5366 40996 57840 22278<br />
■ .<br />
13400 17454<br />
.<br />
11700 30428 15515 2340 23464<br />
68 NET INCOME (LESS DEFICIT)12) . .<br />
242443<br />
0 .<br />
■ .<br />
1731 ■ .<br />
69 NET INCOME<br />
5366 40996 57840<br />
274241<br />
22262 13384 17450 11700 30427 15508<br />
70<br />
2340<br />
DEFICIT<br />
3021* 13226 49011 65340 23439 .<br />
31798<br />
23803<br />
1290*<br />
14040 22203 11700 30602 15508 2340 23439<br />
RETURNS OTHER THAN FORM 1120.61<br />
7860 8015 7500 1541 664* 4753* ■ 175 ■ - .<br />
-<br />
71 NET INCOME (LESS DEFICIT)<br />
72<br />
201840 485*<br />
STATUTORY SPECIAL DEDS., TOTAL<br />
1487 24695 42589<br />
15510<br />
16426 13384 17360 11700 30427 15508<br />
73 161<br />
2340 23439<br />
NET OPERATING LOSS CARRYFRD<br />
1231 1836 1449<br />
11233<br />
161<br />
1205 518* 4912 1954 86 239<br />
.74<br />
1307<br />
DIVIDENDS RECEIVED DEDUCTION.<br />
1231 1836 1218 612<br />
4277<br />
1074* 76* 4009 11* 84<br />
■<br />
227<br />
75 (5)*<br />
1270 36<br />
DED FOR 01V PD, F.A1 UTIL STK. (5)* 231<br />
..<br />
131<br />
.<br />
442* 903*<br />
.<br />
1943* 2 12<br />
.<br />
37<br />
76<br />
576<br />
WESTERN HEMISPHERE TRADE DEO. ■<br />
■■<br />
—<br />
■<br />
— ■<br />
■ —<br />
.<br />
■<br />
77 INCOME SUBJECT TO TAX .. ■ 212118 62<br />
.. ■<br />
5<br />
.. . . . ..• .<br />
78 INCOME TAX (BEE CREDITS). TOT(3)<br />
6187 28092 • 48222<br />
79292<br />
18779 13594 17225 9746 30518 15269 1034<br />
79 SURCHARGE<br />
.213 1384 6188 . 13800 22827<br />
573<br />
(5)<br />
6349<br />
(5)<br />
5393 7845 4589 14780 7336 480<br />
80 TAX RECOMP PRIOR YEAR INV. CR (5) 32 66 32* 144*<br />
10935<br />
59 (5) (5)<br />
52 208 39 ■<br />
(5)<br />
■<br />
81 FOREIGN TAX CREDIT 373 —<br />
(5)*<br />
. 17*<br />
•<br />
■ - .<br />
10* 12* 3 5<br />
82 INVESTMENT CREDIT<br />
7 2<br />
■<br />
1<br />
■<br />
3260<br />
(5) 8<br />
-<br />
- -<br />
■<br />
83 NET 1NCOME(LESS DEFT AFTER TAX14)<br />
2 337 487 373<br />
166411<br />
268<br />
1518<br />
483 178 279 432 204 135<br />
84 NET INCOME AFTER TAX<br />
4064 35145 44527 375<br />
198218<br />
16181 8474 9783 7390 16079 8376 1995<br />
85 ESTIMATED TAX PAYMENTS<br />
2808* 11924 43160 52027 12879<br />
22709<br />
17722 9147 14536 7390<br />
•<br />
■<br />
16254 8376<br />
86 FORM 1120<br />
1995 12879<br />
■ S NET INCOME (LESS DEF) .<br />
40603<br />
396 5 ■<br />
1246*42<br />
198* 1526 10140 4390 -<br />
DISTRIBUTIONS TO STOCKHOLDERS, 3879 16301. 15251 3836* 6012<br />
- 90 -<br />
•<br />
■<br />
67 CASH 11 PROP EXCEPT OWN STOCK•<br />
.<br />
47245 35<br />
88 CORPORATION'S OWN STOCK 2987 11027 10262<br />
2618<br />
1355 258* 4142 1884 3412<br />
-<br />
- 42 311<br />
3357<br />
SELECTED INVESTMENT 33 .<br />
1353<br />
.<br />
7173<br />
111<br />
ITEMS( 293 1484 455<br />
89 COST OF PROP. USED FOR INV. CR -<br />
. 64751<br />
1<br />
90 INVESTMENT QUALIFIED FOR CREDIT<br />
351E 7656 14802<br />
•<br />
54222<br />
4380 4721<br />
1<br />
3320 '<br />
3016<br />
4169<br />
A964<br />
7136<br />
12794<br />
3804 4694<br />
91 4 6553<br />
TENTATIVE INVESTMENT CREDIT 3383<br />
167<br />
(31<br />
4295 2970 3235 5869 2916<br />
92<br />
4656<br />
INVESTMENT CREDIT CARKYFORWARD•<br />
124 • 253 738 5339<br />
2035<br />
238<br />
(51<br />
288 199 228 411 204 326<br />
93 UNUSED INVESTMENT CREDIT<br />
15)* 295 500 374<br />
•<br />
2161<br />
225 395*<br />
42<br />
317 261*<br />
211 751<br />
4 1<br />
193 200* 343 210* - - 1<br />
20 ■ 191<br />
FOOTNOTES AT BEGINNING AND END OF<br />
-<br />
FILM<br />
. .<br />
U. Se TREASURY DEPARTMENT INTERNAL REVENUE SERVICE<br />
•<br />
•<br />
y • 1,... ,1<br />
696308<br />
531399<br />
6105<br />
2874<br />
487<br />
16669<br />
9163<br />
2364<br />
195<br />
41*<br />
4114<br />
51*<br />
7152<br />
1706 •<br />
362<br />
38*<br />
113588<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
•<br />
i.