Table 16.—Net Income and Profit-Type Return of Nonbank U.S. Affiliates by Industry of Affiliate, 1988–94

[Millions of dollars]

Net income/1/ Profit-type return/2/
1988 1989 1990 1991 1992 1993 1994 1988 1989 1990 1991 1992 1993 1994
All industries12,0499,286-4,535-11,018-21,331-4,35413,37714,16710,949770-1,6692,9148,79830,508
Petroleum1,9472,7222,811508-4851,0983904,2435,0426,0412,9623,0443,2983,931
Manufacturing7,5425,698-31-3,265-9,171-6,3517,6407,6816,7698521691,6804,32914,956
Food and kindred products83144489210238-1,621136-90-534-3662363841511,077
Chemicals and allied products4,3684,8944,9233,886-1,2813,3385,5135,4686,2295,0314,3864,6026,3238,602
Primary and fabricated metals1,088791363-1,072-2,029-1,8545841,0131,162369-572-483-78594
Machinery -181-394-3,659-3,105-2,749-3,970-490-195-517-2,834-1,992-2,049-2,0601,016
Other manufacturing1,436-36-1,746-3,186-3,350-2,2441,8971,484430-1,348-1,890-774-73,667
Wholesale trade1,456728-1,189-1,284-335-703,7859911,029-19367701,5296,026
Retail trade257-1,371-964-614-2,086-6111,16436-1,280-751125142722,003
Finance, except depository institutions/2/419 1,289-1,425-8395511,0876896511,058-67075547894734
Insurance1,8512,2032,2842,6022,3184,9603,0071,5321,0492,2971,4981,9662,7263,625
Real estate-829-353-2,055-3,370-4,672-3,142-2,555-837-857-1,922-2,291-2,706-2,199-2,460
Services-744-1,193-2,042-3,737-3,125-2,359-844-673-1,375-2,138-3,295-2,310-1,620-294
Of which:
Hotels and other lodging places-155-347-977-1,458-1,603-1,427-1,015-279-620-1,018-1,504-1,541-1,206-891
Motion pictures, including television tape and film-237-346-501-1,365-1,200-422-294-324-578-962-1,220-682-434-423
Other industries149-436-1,924-1,019-4,3261,034101544-487-2,746-919-91-4311,987
Of which:
Transportation -17-17-2,948-1,046-1,3552,055-1,005424-329-3,221-1,252-1,178-533-391
Communication and public utilities-164-371596-274-2,346-457810-210-411-297-492-20-941,451

1. Net income is after-tax profits on a financial accounting basis, as shown in affiliates' income statements. It includes capital gains and losses, income from investments, and other nonoperating income.

2. Profit-type return is a component of gross product originating in U.S. affiliates. It is before income taxes; excludes capital gains, income from investments, and other nonoperating income; is before deduction of depletion charges; and includes an inventory valuation adjustment.

3. Estimates for 1988-91 include, but those for 1992-94 exclude, savings institutions and credit unions.