1 - Internal Revenue Service
1 - Internal Revenue Service
1 - Internal Revenue Service
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
LP-1 ON 4<br />
1967 CORPORATION<br />
SOURCE BOOK OF STATISTICS OF INCOME<br />
RP.), ON 62<br />
( ACTIVE CORPORATION INCOME TAX RETURNS. JULY 1967.- JUNE 1968 309<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 />
MINOR INDUSTRY 7510<br />
• ITEM<br />
<strong>Service</strong>.. Automobile and other repair services:<br />
(SIZE OF TOTAL ASSETS AND MONEY FIGURES IN THOUSANDS OF DOLLARS)<br />
OVER ZERO<br />
SIZE OF TOTAL ASSETS<br />
Automobile parking, repair, and services<br />
50 • 100 250<br />
TOTAL ZERO<br />
500 . 1,000<br />
UNDER UNDER<br />
5,000<br />
UNDER<br />
10.000<br />
UNDER<br />
25,000 50.000 100,000<br />
ASSETS 50<br />
UNDER<br />
100<br />
UNDER<br />
250 • 500 1,000<br />
UNDER<br />
5.000 10.000<br />
UNDER UNDER<br />
25.000<br />
UNDER<br />
50.000<br />
UNDER 250.000<br />
100.000 250.000 OR MORE<br />
1<br />
NUMBER<br />
TOTAL<br />
OF RETURNS WITH AND WITHOUT NET INCOME<br />
22335 688 12286 3741 3124 1233 677 533 28 15 7 2 (<br />
2<br />
3<br />
WITH NET INCOME 14304 144* 7069 2701 2407 977 584 380 25 10 5 1<br />
4<br />
WITHOUT NET INCOME<br />
FORM 1120■5<br />
8031 544<br />
4100 38*<br />
5217 1040 717<br />
2840 682<br />
256<br />
418<br />
93<br />
113*<br />
153 3* 5 2 1<br />
■ 9 - -<br />
5 TOTAL ASSETS 3753877<br />
6 CASH<br />
241792 264498 488627 425779 455116 980081 193993 208296 236803 152881 106011<br />
7<br />
235645 31765 26783<br />
NOTES AND ACCOUNTS RECEIVABLE 410317 -<br />
46007 26892 31876 39545 7251 6452 5657 5062 6355<br />
B<br />
36275<br />
LESS. ALLOWANCE FOR BAD DEBTS<br />
37101 80336<br />
10063 ■<br />
47510<br />
654<br />
61542 76942 15714 21662 12257 10716 10262<br />
9<br />
358<br />
INVENTORIES<br />
2032 558* 610 3443<br />
INVESTMENTS IN GOVT. 08LIGO<br />
136045 -<br />
390*<br />
23704 21997<br />
563<br />
32481 16199 13063 18654<br />
375 848 232<br />
21* 453 3878 3862 1733<br />
10 UNITED STATES<br />
11<br />
11031<br />
STATE AND LOCAL<br />
8* 20 2508<br />
4726 . . .<br />
2392* 682*<br />
1951<br />
2686* -<br />
2672 103<br />
1232 228 1275 12 OTHER CURRENT ASSETS 103813<br />
. .<br />
■ 5440 5490<br />
..<br />
13450 11052 13319 22265 26215<br />
.<br />
13 LOANS TO STOCKHOLDERS 17863 1106 3557 110 1804<br />
14 MORTGAGE AND RCA!. ESTATE LOANS<br />
4449 5778 4109<br />
34322 ■<br />
257 1439* 1815 16*<br />
15 OTHER INVESTMENTS<br />
639* 27<br />
181292 -<br />
(5)* .<br />
2914<br />
34 5024 . . 28596 - 2<br />
16<br />
7153<br />
DEPRECIABLE ASSETS<br />
14295 8011 7903 22758 4474* 18134 1006 91993 2651<br />
17<br />
3632256<br />
LESS. ACCUM DEPRECIATION<br />
204844 209084 388677<br />
1363366 ■<br />
450185 449005 10132877 209555 199232 256039 60254 122504<br />
18 DEPLETABLE ASSETS<br />
96914 85753<br />
4555* .<br />
161870 184635 164952 369406 81553 71006 80447 • 21059 45771<br />
19<br />
932* 3271* -<br />
LESS. ACCUM DEPLETION<br />
- 352* - -<br />
1845* - 761* 861* . 20 LAND<br />
■ ■ 223* . . . . .<br />
21<br />
195522 10452<br />
INTANGIBLE ASSETS (AMORTIZABLE)<br />
18921 46963 34592<br />
21470<br />
32900 40625 3158* 2991 1515 587 2818<br />
22<br />
3409<br />
LESS. ACCUM AMORTIZATION<br />
1163 1931 148<br />
7718 103* 11297<br />
1145 487<br />
3* 3416 ■ 23 OTHER ASSETS<br />
1697 54 34*<br />
148012 - 16435<br />
2610 3*<br />
13169 21518 11116<br />
1688 .<br />
8743 30923<br />
.<br />
9532 26875<br />
.<br />
(<br />
4892 929 3880<br />
24 TOTAL LIABILITIES 3753877 ■ 241792 264498<br />
25<br />
488627<br />
ACCOUNTS PAYABLE<br />
425779 455116 980081 193993 208296 236803 152881 106011<br />
26<br />
302549<br />
MOAT.. NOTES, BONDS UNDER 1 YR<br />
41173 28217 41690 35309 50666 45718 28245 14523 9912 2365 4731<br />
27<br />
1047795<br />
OTHER CURRENT LIABILITIES<br />
41815 43717<br />
124675<br />
93141 146361 159958 307885 91719* 49261 102452 2721 8768<br />
28<br />
14197 9798<br />
LOANS FROM STOCKHOLDERS.•••••••<br />
23925<br />
245664<br />
13567 19081 25475 3573* 6087 2589 1312 5071<br />
29<br />
36958 23632<br />
MORT., NOTES. BONDS OVER 1 YR 1030080 .<br />
18292 10912 8847 19284 40* . 36023 91676 .<br />
30<br />
42999<br />
OTHER LIABILITIES<br />
62550 110262 80287<br />
122108 103915 384200 31184* 97515 24171 39643 53354<br />
31 CAPITAL STOCK<br />
8331 6792 9539 8466 8774 33037 15855* 3020 20871 1252 6171<br />
32<br />
343456 -<br />
PAID-IN OR CAPITAL SURPLUS<br />
70321 53499 62791 34374 40787 47487 9935 14234 2464 1534 6030<br />
33<br />
117366<br />
RETAINED EARNINGS. APPROP 4412 8542<br />
15228 17649 3059 1615 12401 1524* 7377 33061 10326 17400<br />
34 RETAINED EARNINGS. UNAPPROP..•<br />
2412 2410* 4999<br />
447549<br />
2747* 1197* 1062* 387* 14 . .<br />
35 -10462<br />
LESS. COST OF TREASURY STOCK<br />
32130 108097<br />
42596 ■ 10364 6789<br />
92769 68440 105321<br />
1758 2072*<br />
13832<br />
8164 1789<br />
16266 5260 2214<br />
2301*<br />
13682<br />
1 162 9196<br />
36 TOTAL RECEIPTS 3498790<br />
37<br />
117910 697107 373062<br />
BUSINESS RECEIPTS<br />
554696<br />
3293989 106297<br />
382973<br />
669403<br />
354346 579815 105444 86094 115355 50103 81885<br />
INTEREST ON GOVT. OBLIGATIONS.<br />
362202 530602 364745 327169 532802 96240 73880 102418 49600 78631<br />
38 UNITED STATES 555 39<br />
(5) 43*<br />
STATE AND LOCAL<br />
296* 88 ■ 32* 65* - 21 10 .<br />
40<br />
.. 403* ■<br />
OTHER INTEREST<br />
■ ■<br />
8082 442<br />
82 (5) 283* 38*<br />
41<br />
220 427<br />
RENTS<br />
1295 703 1177 1873 562* 741 211 390 41<br />
42<br />
73665<br />
ROYALTIES<br />
16 9846 5441 12992 7095 9111 19867 672* 8422 1 - 202<br />
43<br />
53* .<br />
NET S-T CAP GAIN LESS L-T LOSS<br />
(5) 49* . 4 ■ . . .<br />
44<br />
1110<br />
NET L-T CAP GAIN LESS S.,T LOSS<br />
381 3 66 16 16 617* . 11 -<br />
45<br />
11838 79 2205 470<br />
NET GAIN, NONCAPITAL ASSETS<br />
574 475 1756 4762 667* 462 . 388<br />
46<br />
41628 8539<br />
DIVIDENDS. DOMESTIC CORPS<br />
1155 2142 2442 3977 3747 11318 3118* 249 3323 1618<br />
47<br />
2251<br />
DIVIDENDS. FOREIGN CORPS<br />
2 42* e 311 222* 11* 412 2 8 1233 ■<br />
40<br />
■ ■ ■ .<br />
OTHER RECEIPTS 65216 2535 13855<br />
■<br />
2326 5987<br />
■ . . ...<br />
5652 11044 8057<br />
.<br />
4183 2300 8169 103 1005<br />
49 TOTAL DEDUCTIONS<br />
50<br />
3383707 108935<br />
COST OF SALES AND OPERATIONS<br />
692530 362660 531912 363516 338126 556581 101035 83618 110211 53087 81496<br />
51 COMPENSATION OF OFFICERS<br />
1548923 50961 407145 200475 294827 153450 143440 180221 25267 22486 26794 15932 27925<br />
52<br />
166815 091 66750<br />
REPAIRS<br />
31234 23939 15822 11221 13341 1509* 584 932 274 318<br />
53 BAD DEBTS<br />
64041 417 7022 7035 8812 8257 9718 12906 2225* 960 725 - 5964<br />
54<br />
15101 879<br />
RENT PAID ON BUSINESS PROPERTY<br />
783 1460 1902 1088 1078 4660 944* 676 502 723 406<br />
55 TAXES PAID<br />
196396 3025 62524 20788 40386 20353 9990 24084 444 386 12462 643 1311<br />
56 INTEREST PAID<br />
119120 5057 21613 12032 19558 12984 12321 22038 2108 2241 2558 1613 4997<br />
57 CONTRIBUTIONS OR GIFTS<br />
124032 5244 5591 4853 11514 12507 14828 36769 8955 7945 5267 6803 3756<br />
58 AMORTIZATION<br />
. 1800 262 113 17 180 201 133 771 32* 17 54 . 20<br />
59 DEPRECIATION<br />
14279 (5) 176 51 194 5 32 611 (5)* 764 16 12430 (5)<br />
60 DEPLETION<br />
694048 29701 26056 31108 57826 87464 91201 198366 50742 37239 53105 8090 23150<br />
61 ADVERTISING<br />
30 1 - (5) . . ■ 29 . . . .<br />
62 PENSION. PROF SH.IANNUITY PLANS<br />
30013 2356 7948 4645 3574 2918 1457 3524 1224 1860 200 50 257<br />
63 OTHER EMPLOYEE BENEFIT PLANS.••<br />
6683 71 326* 343<br />
5677<br />
704 311 3425 1000 70* 71 113 1 248<br />
64 NET LOSS. NONCAPITAL ASSETS<br />
852 593 ■ 725 415 2213* 715 62* 61 39 2 65 OTHER DEDUCTIONS<br />
8106 312 380 42<br />
388643 9758<br />
196<br />
85251 47984<br />
265 2508* 2214 -<br />
67575 47476<br />
403 218<br />
34561<br />
1568<br />
55332<br />
.<br />
7453 7925 7226 4958 13144<br />
66 TOTAL RECEIPTS LESS DEDUCTIONS 115083 8975<br />
67 CONSTR TAX INC FM REL FOR CORP(1) .<br />
4577 10402<br />
. .<br />
22784 19457 16220 23234 4409 2476 5144 -2984 389<br />
68 NET INCOME (LESS DEFICIT)(2) . . . . - . .<br />
69 NET INCOME<br />
114680 8975 4577 10402 22702 19457 15937 23196 4409 2476 5144 -2984 389<br />
70 DEFICIT<br />
165670 10659 21601 15304 32330 22184 18369 30340 4581 3704 5711 498 389<br />
RETURNS OTHER THAN FORM 1120-S.<br />
50990 1684 17024 4902 9628 2727 2432 7144 172* 1228 567 3482<br />
71 NET INCOME (LESS DEFICIT)<br />
72 STATUTORY SPECIAL DEDS.. TOTAL<br />
101345 9025 4149<br />
17315 883<br />
6993<br />
4431<br />
18026 17328 15937<br />
1237 1473<br />
20453 4409<br />
585<br />
2476<br />
1150<br />
5144 -2984<br />
(<br />
2963 397*<br />
389<br />
73 NET OPERATING LOSS CARRYFRO• 15456 882 4389 1237 1211 438<br />
493<br />
1140*<br />
3697<br />
2622 395* 74 DIVIDENDS RECEIVED DEDUCTION 1859 1 42* (51 262<br />
487<br />
147*<br />
2649<br />
10* 341 2<br />
. 6<br />
( 75 DED FOR DIV PD. PUB UTIL•STK• • ■ - - .<br />
6 1048<br />
76 ••<br />
- WESTERN HEMISPHERE TRADE DEO. ■ ■ ■ ■ ■ ■ . - ■ -<br />
77 INCOME SUBJECT TO TAX 128559 9775 11341 10249 25769<br />
.<br />
19436 17185<br />
. .<br />
78 INCOME TAX (BEF CREDITS). TOT(3) 43514 4871 2441 2291 6699<br />
24431 4186 3287<br />
6706 5814<br />
2014 498<br />
■<br />
(<br />
10145 1763<br />
388<br />
79 SURCHARGE 174 ■ (5) (5) 16 49<br />
1476<br />
16<br />
972<br />
68<br />
239<br />
■<br />
97<br />
80 TAX RECOMP PRIOR YEAR INV. CR 1085 505 84 16<br />
9<br />
105 82 242<br />
16 ■<br />
40* C 81 FOREIGN TAX CREDIT 22 - ■ ■ .<br />
(5)<br />
. .<br />
11<br />
■ 21 ..<br />
.<br />
-<br />
■<br />
82 INVESTMENT CREDIT 5901 426 420 380 783 663 905 1893<br />
1<br />
83 NET INCOME(LESS DEF) AFTER TAX(4) 77067 4530 2556 8491 16786 13414<br />
176* 192<br />
11028 14944<br />
25 -<br />
2822<br />
38<br />
C 84 NET INCOME AFTER TAX. 128110 6214 19580 13393 26414 16181 13460<br />
1192<br />
22097<br />
4197<br />
2994<br />
.3223 330<br />
85 ESTIMATED TAX PAYMEN-S 6158 4000 - (5) 98 147 . 2420 4768<br />
592 357<br />
259' 330<br />
86 FORM 1120.5 NET INCOME (LESS DEF) 13335 -50* 320 538 31 75<br />
C<br />
DISTRIBUTIONS TO STOCKHOLDERS'<br />
428 3409 4676 2129* - 2743<br />
87<br />
- - -<br />
CASH 8 PROP EXCEPT OWN STOCK 25911<br />
88 CORPORATION'S OWN STOCK<br />
10340 3090 1909<br />
2267*<br />
3139<br />
6<br />
345*<br />
■ 85<br />
1394* 2140<br />
328<br />
411* 733<br />
SELECTED INVESTMENT ITEMS, 16 410*<br />
1229<br />
535 887*<br />
1181<br />
C<br />
-<br />
89 COST OF PROP. USED FOR INV. CR . 264626<br />
90<br />
10770<br />
INVESTMENT QUALIFIED FOR CREDIT<br />
20421 17889<br />
132512 3624<br />
33510 23246<br />
11047<br />
29155 90926<br />
9326 16327 15237<br />
8461 12640<br />
14974<br />
1788<br />
45530<br />
15820<br />
C 91 TENTATIVE INVESTMENT CREDIT 8618 255 550 465 1076 1030<br />
2504<br />
1056<br />
6787<br />
3155<br />
718<br />
174 356<br />
6438<br />
92 INVESTMENT CREDIT CAP.RYFORWARD 7593 171 719 170 566 900 346 2790<br />
50<br />
5*<br />
451<br />
93 UNUSED INVESTMENT CREDIT 10262 ■ 807 339 777 1267 495<br />
1039<br />
4046<br />
18<br />
3*<br />
869<br />
(<br />
1203 43 1282<br />
'C<br />
FOOTNOTES AT BEGINNING AND END OF FILM<br />
U. S. TREASURY DEPARTMENT INTERNAL REVENUE SERVICE •<br />
fa,<br />
MI<br />
■10<br />
■•• ■<br />
1.<br />
1<br />
2<br />
2<br />
C<br />
, venrerprftno.r.,"<br />
2
![l..l.l.L. 4DB.DI3-l]t] xxxxxxxxxxxxxxxx - Internal Revenue Service](https://img.yumpu.com/51302394/1/190x245/llll-4dbdi3-lt-xxxxxxxxxxxxxxxx-internal-revenue-service.jpg?quality=85)
Change language