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March 30, 2017US CORPORATE PROFITS Q4 2016 US corporate profits (after adjusting for inventory value and capital consumption) increased $11.2 billion to a seasonally adjusted annual rate of $2.150 trillion in the fourth quarter. Profits of domestic financial corporations were up $26.5 billion while domestic nonfinancial profits declined $60.4 billion. The settlement between the US government and the US subsidiary of Volkswagen reduce nonfincial corporate profits by $19.8 billion (annual rate) in Q4. Profits from the rest-of-the world increased $45.1 billion fourth quarter.
In 2016, profits from current production decreased $2.3 billion (-0.1%), a smaller decline than the decrease of $64.0 billion (-3.0%) in 2015. Profits at financial corporations increased $20.5 billion while non-financial corporate profits were down $47.0 billion. Rest of the world profits were up $24.3 billion.
Source: US Bureau of Economic Analysis
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