Home > Table 3.—Selected Financial and Operating Data for Nonbank U.S. Parents, Foreign Affiliates, and MOFA's, 1989 and 1992

Table 3.—Selected Financial and Operating Data for Nonbank U.S. Parents, Foreign Affiliates, and MOFA's, 1989 and 1992

[Millions of dollars or thousands of employees, unless otherwise noted]

Selected data items Latest benchmark survey data, covering 1989 Latest annual survey data, covering 1992
U.S. parents All foreign affiliates MOFA's U.S. parents All foreign affiliates MOFA's
Balance sheet
Assets 4,852,373 1,330,028 1,080,247 5,570,464 1,746,757 1,463,521
Liabilities 3,613,323 838,098 673,173 4,237,922 n.a. 925,800
Owners' equity 1,239,050 491,930 407,074 1,332,542 n.a. 537,721
Income statement
Income 3,258,875 1,336,208 1,060,058 n.a. n.a. 1,341,862
Costs and expenses 3,088,212 1,250,866 987,916 n.a. n.a. 1,278,244
Net income 170,663 85,342 72,142 43,409 74,015 63,618
Sales by type and destination
Total sales 3,136,837 1,284,894 1,019,966 3,353,017 1,578,683 1,298,532
Goods 2,204,073 n.a. 889,875 2,309,111 n.a. 1,113,043
Services 786,491 n.a. 109,631 897,209 n.a. 153,674
Investment income/1/ 146,273 n.a. 20,461 146,697 n.a. 31,817
To U.S. customers 2,841,052 n.a. 114,719 n.a. n.a. 130,518
Affiliated/2/ n.a. 92,968 n.a. 104,067
Unaffiliated 2,841,052 n.a. 21,751 n.a. n.a. 26,451
To foreign customers 295,785 n.a. 905,247 n.a. n.a. 1,168,015
Affiliated/2/ 130,487 n.a. 153,198 n.a. n.a. 220,087
Unaffiliated 165,298 n.a. 752,049 n.a. n.a. 947,929
Employment and employee compensation
Employment 18,765.4 6,622.1 5,114.0 17,617.2 6,727.5 5,359.8
Employee compensation 666,196 165,804 132,565 722,796 201,408 169,623
Compensation per hour of production workers in manufacturing (dollars) n.a. n.a. 10.37 n.a. n.a. n.a.
U.S. merchandise trade
Exports 223,352 102,558 97,488 245,475 120,255 114,139
Imports 181,095 97,394 84,298 199,858 109,235 98,850
Technology
Research and development funded by 59,925 n.a. 7,048 71,796 n.a. 10,159
Research and development performed by 82,227 n.a. 7,922 n.a. n.a. n.a.
External financial position of MOFA's
Balance at close of year:
Total external funds/3/ 754,015 1,061,160
By provider:
U.S. parents 215,929 306,272
Other U.S. persons 22,846 42,154
Persons in affiliate's country of location 401,854 535,597
Other foreign persons 113,385 177,137
Gross product 1,044,884 n.a. 319,994 n.a. n.a. 363,696

n.a. Not available.

  1. Some parents and MOFA's, primarily those in finance and insurance, include investment income in sales or gross operating revenues. Most parents and MOFA's not in finance or insurance consider investment income an incidental revenue source and include it in their income statements in a separate "other income" category, rather than in sales. BEA collects separate data on investment income to ensure that—where it is included in total sales—it is not misclassified as sales of services.
  2. Sales among parents and affiliates that belong to the same MNC. Because U.S. parents represent the fully consolidated domestic operations of a U.S. MNC, they have no sales to affiliated U.S. persons.
  3. External funds (debt and equity) exclude MOFA retained earnings; thus, they represent financing that is not internally generated.

MOFA Majority-owned foreign affiliate