Author: Abt Associates Inc.

Date Created: 6/18/2008

Date Modified: 3/18/2011

Purpose: This file develops ATCF-adjustment factors to bring certain 316(b) survey-based financial data for manufacturers.

File Contents:

Worksheet Contents

Assumptions Includes quarterly GDP Deflator-based adjustment indexes to state QFR data in 2008 dollars.

SIC_NAICS Contains original QFR data for 2000Q3 and 2000Q4.

IncSt_Orig Contains original QFR data for 1998Q1 through 2008Q4.

SIC_NAICS_$2008 Reads in data from the SIC_NAICS worksheet, states values in 2008 dollars, and develops SIC-NAICS mapping factors for all 

industries except Iron&Steel and NonFerrous Metals.

SIC_NAICS_Adj Contains original QFR data for Iron&Steel and NonFerrous Metals for 2000Q4 through 2001Q3 in the SIC and NAICS frameworks and 

develops SIC-NAICS mapping factors.

IncSt_$2008 Reads data from the IncSt_Orig worksheet, ensures SIC and NAICS frameworks consistency, and states all values in 2008 dollars.

Calcs Contains regression analysis.

Chem Contains an ATCF index series graph against trend for Chemicals (316(b) industrial chemicals)

OtherChem Contains an ATCF index series graph against trend for Other Chemicals (316(b) pesticides and fertilizers)

Chem_NoTrend Contains an ATCF index series graph against zero trend for Chemicals (316(b) industrial chemicals)

FoodBev Contains an ATCF index series graph against trend for Food Processing and Beverages (316(b) Food and 

IronSteel Contains an ATCF index series graph against trend for Iron and Steel (316(b) iron and steel)

IronSteel_NoTrend Contains an ATCF index series graph against zero trend for Iron and Steel (316(b) iron and steel)

NonFerMet_Aluminum Contains an ATCF index series graph against trend for NonFerrous Metals (316(b) aluminum)

NonFerMet_NoTrend Contains an ATCF index series graph against zero trend for NonFerrous Metals (316(b) aluminum)

Paper Contains an ATCF index series graph against trend for Paper (316(b) pulp and paper mills)

Paper_NoTrend Contains an ATCF index series graph against zero trend for Paper (316(b) pulp and paper mills)

Petrol Contains an ATCF index series graph against trend for Petroleum (316(b) petroleum refining)

Pharma Contains an ATCF index series graph against trend for Pharmaceuticals

QFR_Crosswalk Contains a QFR SIC-NAICS industry crosswalk.

Summary Contains a results summary table (data in orange columns are presented in the report)

Input Files:

External data used in calculations/analysis:
Non-Trend Adjustment

316(b) Phase III Industry 

Group

Estimate

d Trend

Average of 

ATCF 

Index 

Values at 

1996-1998

Average of 

Predicted 

Trend 

Values at 

1996-1998

ATCF 

Index 

Value at 

2008

Predicted 

Trend 

Value at 

2008

Percentage Difference in 

Actual and Predicted ATCF 

Index Values at 1996-1998 

Percentage Difference in 

Actual ATCF Index Values 

at 1996-1998 and Trend 

Predicted Value at 2008

 Adjust to 

2003

Adjust to 

2005

Adjust to 

2008

Adjust to 2008 - 

Symmetric

Adjust to 2008 - 

Downward Only

Adjust to 2008 - 

Symmetric Significant? P-Value

nonfermet Aluminum -0.0034 1.1058 1.0034 0.0001 0.9660 -9.6% NA NA NA 0.9044 0.8736 0.8736 0.0001 no 0.7747

foodbev Food Processing & Beverages 0.0321 0.9347 0.9679 1.2113 1.3215 3.5% 41.4% NA NA 1.0355 1.4138 1.0000 1.2960 yes 0.0000

food Beverages NA 1.3076 NA NA NA NA

bev Food Processing NA 1.3835 NA NA NA NA

chem Industrial Chemicals -0.0095 1.1764 1.0095 0.4562 0.9047 -15.0% NA 0.9228 1.1543 0.8501 0.7691 0.7691 0.3878 no 0.3871

ironsteel Iron and Steel 0.0260 1.3264 0.9740 1.5070 1.2605 -24.6% NA 0.8056 0.9096 0.7539 0.9503 0.9503 1.1362 no 0.1742

paper Pulp and Paper Mills -0.0173 1.1445 1.0173 0.2740 0.8272 -12.6% NA 1.0397 1.0386 0.8737 0.7228 0.7228 0.2394 no 0.1116

petrol Petroleum Refining 0.0438 0.7771 0.9562 1.4330 1.4382 23.0% 85.1% 1.2480 1.4914 1.2304 1.8506 1.0000 1.8439 yes 0.0018

pharma Pharmaceuticals 0.0861 0.7614 0.9139 2.0109 1.8609 20.0% 144.4% 1.3171 1.2526 1.2004 2.4441 1.0000 2.6412 yes 0.0000

otherchem Pesticides and Fertilizers 0.0335 1.2123 0.8995 1.5078 1.2680 -25.8% 4.6% NA NA 0.7420 1.0459 1.0000 1.2437 yes 0.0126

Key Results from Analysis of After-Tax Cash Flow Estimated Relationship Between Actual ATCF at Survey Adjusting to ATCF Trend
QFR Industry - NAICS NAICS QFR Industry - SIC SIC

chem Basic Chemicals, Resins, and Synthetics 3251, 3252 Industrial Chemicals and Synthetics 281, 282, 286

foodbev Food, Beverage, & Tobacco Products 311, 312 Food & Kindred Products (Incl. Tobacco) 22, 21

ironsteel Iron, Steel, & Ferroalloys 3311, 3312 Iron & Steel 331, 332, 329

nonfermet Nonferrous Metals 3313, 3314 Nonferrous Metals 333-336

paper Paper 322 Paper & Allied Products 26

petrol Petroleum & Coal Products 324 Petroleum & Coal Products 29

pharma Pharmaceuticals & Medicines 3254 Drugs 283

NAICS Definition NAICS SIC Definition SIC

Chemicals

Basic chemical manufacturing 3251 Industrial Inorganic Chemicals 281

Resin, Synthetic Rubber, and Artificial Synthetic Fibers and Filaments Manufacturing 3252 Plastics Materials & Synthetics 282

Industrial Organic Chemicals 286

Food and Bev

Food Manufacturing 311 Textile Mill Products 22

Beverage and Tobacco Product Manufacturing 312 Tobacco Products 21

Iron & Steel

Iron and Steel Mills and Ferroalloy Manufacturing3311 Blast Furnace & Basic Steel Products 331

Steel Product Manufacturing from Purchased Steel 3312 Iron & Steel Foundries 332

Miscellaneous Nonmetallic Mineral Products 329

Nonferrous Metals

Alumina and Aluminum Production and Processing3313 Primary Nonferrous Metals 333

Nonferrous Metal (except Aluminum) Production and Processing 3314 Secondary Nonferrous Metals 334

Nonferrous Rolling & Drawing 335

Nonferrous Foundries (Castings) 336

Paper

Paper Manufacturing 322 Paper & Allied Products 26

Petroleum

Petroleum and Coal Products Manufacturing 324 Petroleum & Coal Products 29

Pharma

Pharmaceutical and Medicine Manufacturing 3254 Drugs 283
0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1.8

2

2.2

ATCF Index

ATCF Index Series

Calculated Trend
0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1.8

2

ATCF Index

ATCF Index Series

Calculated Trend
0

0.2

0.4

0.6

0.81

1.2

1.4

1.6

1.8

ATCF Index

ATCF Index Series

21-Yr Ave ATCF Index
0

0.2

0.4

0.6

0.81

1.2

1.4

1.6

1.8

Paper

ATCF Index Series

Calculated Trend
0

0.2

0.4

0.6

0.81

1.2

1.4

1.6

1.8

ATCF Index

ATCF Index Series

21-Yr Ave ATCF Index
0

0.2

0.4

0.6

0.81

1.2

1.4

1.6

1.8

ATCF Index

ATCF Index Series

Calculated Trend
0

0.2

0.4

0.6

0.81

1.2

1.4

1.6

1.82

ATCF Index

ATCF Index Series

21-Yr Ave ATCF Index
0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1.8

2

Iron & Steel

ATCF Index Series

Calculated Trend
0

0.2

0.4

0.6

0.81

1.2

1.4

1.6

1.8

ATCF Index

ATCF Index Series

Calculated Trend
0

0.2

0.4

0.6

0.81

1.2

1.4

1.6

ATCF Index

ATCF Index Series

21-Yr Ave ATCF Index
0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

Industrial Chemicals

ATCF Index Series

Calculated Trend
0

0.2

0.4

0.6

0.8

1

1.2

1.4

1.6

1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008

ATCF Index Series

Calculated Trend
1 2 3 4 5 6 7 8 9 10 11 12

vlookup - do not delete After-tax cash flow (ATCF) - Adjusted

year ind atcf min_atcf atcf_adj ave_atcf_adj ATCF Index Seriesntercept year_coef St Er

chem_1988 88 1988 chem 29317.92 7683.335 29317.92 21639.6147 1.354826 20.03201 -0.00953 0.010761

chem_1989 89 1989 chem 26223.35 7683.335 26223.35 21639.6147 1.211822 20.03201 -0.00953 0.010761

chem_1990 90 1990 chem 23364.28 7683.335 23364.28 21639.6147 1.079699 20.03201 -0.00953 0.010761

chem_1991 91 1991 chem 18601 7683.335 18601 21639.6147 0.859581 20.03201 -0.00953 0.010761

chem_1992 92 1992 chem 7683.335 7683.335 7683.335 21639.6147 0.355059 20.03201 -0.00953 0.010761

chem_1993 93 1993 chem 18495.48 7683.335 18495.48 21639.6147 0.854705 20.03201 -0.00953 0.010761

chem_1994 94 1994 chem 25047.71 7683.335 25047.71 21639.6147 1.157493 20.03201 -0.00953 0.010761

chem_1995 95 1995 chem 29612.51 7683.335 29612.51 21639.6147 1.36844 20.03201 -0.00953 0.010761

chem_1996 96 1996 chem 25870.94 7683.335 25870.94 21639.6147 1.195536 20.03201 -0.00953 0.010761

chem_1997 97 1997 chem 26614.85 7683.335 26614.85 21639.6147 1.229913 20.03201 -0.00953 0.010761

chem_1998 98 1998 chem 23882.69 7683.335 23882.69 21639.6147 1.103656 20.03201 -0.00953 0.010761

chem_1999 99 1999 chem 23254.35 7683.335 23254.35 21639.6147 1.074619 20.03201 -0.00953 0.010761

chem_2000 100 2000 chem 24275.94 7683.335 24275.94 21639.6147 1.121829 20.03201 -0.00953 0.010761

chem_2001 101 2001 chem 14924.15 7683.335 14924.15 21639.6147 0.689668 20.03201 -0.00953 0.010761

chem_2002 102 2002 chem 15936.21 7683.335 15936.21 21639.6147 0.736437 20.03201 -0.00953 0.010761

chem_2003 103 2003 chem 12755.36 7683.335 12755.36 21639.6147 0.589445 20.03201 -0.00953 0.010761

chem_2004 104 2004 chem 18065.07 7683.335 18065.07 21639.6147 0.834815 20.03201 -0.00953 0.010761

chem_2005 105 2005 chem 27561.31 7683.335 27561.31 21639.6147 1.273651 20.03201 -0.00953 0.010761

chem_2006 106 2006 chem 28245.98 7683.335 28245.98 21639.6147 1.30529 20.03201 -0.00953 0.010761

chem_2007 107 2007 chem 24828.55 7683.335 24828.55 21639.6147 1.147366 20.03201 -0.00953 0.010761

chem_2008 108 2008 chem 9870.923 7683.335 9870.923 21639.6147 0.456151 20.03201 -0.00953 0.010761

foodbev_1988 88 1988 foodbev 50260.62 39385.98 50260.62 56203.423 0.894263 -63.2285 0.032146 0.003638

foodbev_1989 89 1989 foodbev 42555.43 39385.98 42555.43 56203.423 0.757168 -63.2285 0.032146 0.003638

foodbev_1990 90 1990 foodbev 40737.66 39385.98 40737.66 56203.423 0.724825 -63.2285 0.032146 0.003638

foodbev_1991 91 1991 foodbev 45625.17 39385.98 45625.17 56203.423 0.811786 -63.2285 0.032146 0.003638

foodbev_1992 92 1992 foodbev 41539.35 39385.98 41539.35 56203.423 0.739089 -63.2285 0.032146 0.003638

foodbev_1993 93 1993 foodbev 39385.98 39385.98 39385.98 56203.423 0.700775 -63.2285 0.032146 0.003638

foodbev_1994 94 1994 foodbev 47217.27 39385.98 47217.27 56203.423 0.840114 -63.2285 0.032146 0.003638

foodbev_1995 95 1995 foodbev 51522.45 39385.98 51522.45 56203.423 0.916714 -63.2285 0.032146 0.003638

foodbev_1996 96 1996 foodbev 53195.06 39385.98 53195.06 56203.423 0.946474 -63.2285 0.032146 0.003638

foodbev_1997 97 1997 foodbev 52302.81 39385.98 52302.81 56203.423 0.930598 -63.2285 0.032146 0.003638

foodbev_1998 98 1998 foodbev 52098.71 39385.98 52098.71 56203.423 0.926967 -63.2285 0.032146 0.003638

foodbev_1999 99 1999 foodbev 56943.29 39385.98 56943.29 56203.423 1.013164 -63.2285 0.032146 0.003638

foodbev_2000 100 2000 foodbev 57180.59 39385.98 57180.59 56203.423 1.017386 -63.2285 0.032146 0.003638

foodbev_2001 101 2001 foodbev 52215.61 39385.98 52215.61 56203.423 0.929047 -63.2285 0.032146 0.003638

foodbev_2002 102 2002 foodbev 64934.55 39385.98 64934.55 56203.423 1.155349 -63.2285 0.032146 0.003638

foodbev_2003 103 2003 foodbev 60902.81 39385.98 60902.81 56203.423 1.083614 -63.2285 0.032146 0.003638

foodbev_2004 104 2004 foodbev 71786.81 39385.98 71786.81 56203.423 1.277268 -63.2285 0.032146 0.003638

foodbev_2005 105 2005 foodbev 71980.15 39385.98 71980.15 56203.423 1.280708 -63.2285 0.032146 0.003638

foodbev_2006 106 2006 foodbev 75486.44 39385.98 75486.44 56203.423 1.343093 -63.2285 0.032146 0.003638

foodbev_2007 107 2007 foodbev 84321.55 39385.98 84321.55 56203.423 1.500292 -63.2285 0.032146 0.003638

foodbev_2008 108 2008 foodbev 68079.56 39385.98 68079.56 56203.423 1.211306 -63.2285 0.032146 0.003638

ironsteel_1988 88 1988 ironsteel 7483.674 -2406.35 9891.02 9887.99062 1.000306 -51.0459 0.026049 0.018453

ironsteel_1989 89 1989 ironsteel 8821.277 -2406.35 11228.62 9887.99062 1.135582 -51.0459 0.026049 0.018453

ironsteel_1990 90 1990 ironsteel 5809.909 -2406.35 8217.255 9887.99062 0.831034 -51.0459 0.026049 0.018453

ironsteel_1991 91 1991 ironsteel -326.459 -2406.35 2080.887 9887.99062 0.210446 -51.0459 0.026049 0.018453

ironsteel_1992 92 1992 ironsteel 467.6552 -2406.35 2875.002 9887.99062 0.290757 -51.0459 0.026049 0.018453

ironsteel_1993 93 1993 ironsteel 3621.493 -2406.35 6028.84 9887.99062 0.609713 -51.0459 0.026049 0.018453

ironsteel_1994 94 1994 ironsteel 11498.78 -2406.35 13906.12 9887.99062 1.406365 -51.0459 0.026049 0.018453

ironsteel_1995 95 1995 ironsteel 12101.63 -2406.35 14508.98 9887.99062 1.467333 -51.0459 0.026049 0.018453

ironsteel_1996 96 1996 ironsteel 9247.628 -2406.35 11654.97 9887.99062 1.1787 -51.0459 0.026049 0.018453

ironsteel_1997 97 1997 ironsteel 12372.99 -2406.35 14780.33 9887.99062 1.494776 -51.0459 0.026049 0.018453

ironsteel_1998 98 1998 ironsteel 10503.41 -2406.35 12910.75 9887.99062 1.3057 -51.0459 0.026049 0.018453

ironsteel_1999 99 1999 ironsteel 6712.898 -2406.35 9120.245 9887.99062 0.922356 -51.0459 0.026049 0.018453

ironsteel_2000100 2000 ironsteel 5400.758 -2406.35 7808.104 9887.99062 0.789655 -51.0459 0.026049 0.018453

ironsteel_2001101 2001 ironsteel -2406.35 -2406.35 1 9887.99062 0.000101 -51.0459 0.026049 0.018453

ironsteel_2002102 2002 ironsteel 1661.84 -2406.35 4069.186 9887.99062 0.411528 -51.0459 0.026049 0.018453

ironsteel_2003103 2003 ironsteel 217.2682 -2406.35 2624.615 9887.99062 0.265435 -51.0459 0.026049 0.018453

ironsteel_2004104 2004 ironsteel 11925.21 -2406.35 14332.55 9887.99062 1.449491 -51.0459 0.026049 0.018453

ironsteel_2005105 2005 ironsteel 12157.66 -2406.35 14565.01 9887.99062 1.473 -51.0459 0.026049 0.018453
13 14 15 16 17 18 19 20

t-Statistic P-Value Calculated Trend

ave_atcf_1996th

ru1998

ave_trend_1996th

ru1999

21-Yr Ave 

ATCF Index

Adj Coef - 

Non Sig Adj Coef - Sig

-0.885221056 0.3871035178 1.095255 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 1.08573 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 1.076204 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 1.066679 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 1.057153 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 1.047628 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 1.038102 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 1.028577 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 1.019051 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 1.009526 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 1 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 0.990474 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 0.980949 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 0.971423 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 0.961898 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 0.952372 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 0.942847 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 0.933321 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 0.923796 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 0.91427 1.176368452 1.009525532 1.00 0.8500738 0.858171205

-0.885221056 0.3871035178 0.904745 1.176368452 1.009525532 1.00 0.8500738 0.858171205

8.835322797 0.0000000372 0.678536 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 0.710682 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 0.742829 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 0.774975 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 0.807122 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 0.839268 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 0.871414 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 0.903561 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 0.935707 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 0.967854 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1.032146 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1.064293 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1.096439 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1.128586 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1.160732 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1.192878 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1.225025 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1.257171 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1.289318 0.93467959 0.967853585 1.00 1.06988535 1.035492372

8.835322797 0.0000000372 1.321464 0.93467959 0.967853585 1.00 1.06988535 1.035492372

1.411641554 0.1742229021 0.73951 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 0.765559 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 0.791608 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 0.817657 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 0.843706 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 0.869755 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 0.895804 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 0.921853 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 0.947902 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 0.973951 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 1 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 1.026049 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 1.052098 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 1.078147 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 1.104196 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 1.130245 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 1.156294 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 1.182343 1.326392182 0.973951025 1.00 0.75392483 0.734285861
1 2 3 4 5 6 7 8 9 10 11 12

vlookup - do not delete After-tax cash flow (ATCF) - Adjusted

year ind atcf min_atcf atcf_adj ave_atcf_adj ATCF Index Seriesntercept year_coef St Er

ironsteel_2006106 2006 ironsteel 14743.87 -2406.35 17151.22 9887.99062 1.734551 -51.0459 0.026049 0.018453

ironsteel_2007107 2007 ironsteel 12584.47 -2406.35 14991.82 9887.99062 1.516164 -51.0459 0.026049 0.018453

ironsteel_2008108 2008 ironsteel 12493.92 -2406.35 14901.27 9887.99062 1.507007 -51.0459 0.026049 0.018453

nonfermet_198888 1988 nonfermet 10398.04 -7957.1 18356.14 15198.2529 1.20778 7.792134 -0.0034 0.011711

nonfermet_198989 1989 nonfermet 9522.491 -7957.1 17480.59 15198.2529 1.150171 7.792134 -0.0034 0.011711

nonfermet_199090 1990 nonfermet 7640.84 -7957.1 15598.94 15198.2529 1.026364 7.792134 -0.0034 0.011711

nonfermet_199191 1991 nonfermet 5470.069 -7957.1 13428.17 15198.2529 0.883534 7.792134 -0.0034 0.011711

nonfermet_199292 1992 nonfermet 2073.802 -7957.1 10031.9 15198.2529 0.660069 7.792134 -0.0034 0.011711

nonfermet_199393 1993 nonfermet 2911.701 -7957.1 10869.8 15198.2529 0.715201 7.792134 -0.0034 0.011711

nonfermet_199494 1994 nonfermet 6829.231 -7957.1 14787.33 15198.2529 0.972962 7.792134 -0.0034 0.011711

nonfermet_199595 1995 nonfermet 11328.27 -7957.1 19286.37 15198.2529 1.268986 7.792134 -0.0034 0.011711

nonfermet_199696 1996 nonfermet 8819.517 -7957.1 16777.62 15198.2529 1.103917 7.792134 -0.0034 0.011711

nonfermet_199797 1997 nonfermet 8997.176 -7957.1 16955.27 15198.2529 1.115607 7.792134 -0.0034 0.011711

nonfermet_199898 1998 nonfermet 8726.042 -7957.1 16684.14 15198.2529 1.097767 7.792134 -0.0034 0.011711

nonfermet_199999 1999 nonfermet 7983.721 -7957.1 15941.82 15198.2529 1.048924 7.792134 -0.0034 0.011711

nonfermet_2000100 2000 nonfermet 8461.386 -7957.1 16419.49 15198.2529 1.080353 7.792134 -0.0034 0.011711

nonfermet_2001101 2001 nonfermet 6010.171 -7957.1 13968.27 15198.2529 0.919071 7.792134 -0.0034 0.011711

nonfermet_2002102 2002 nonfermet 2285.883 -7957.1 10243.98 15198.2529 0.674024 7.792134 -0.0034 0.011711

nonfermet_2003103 2003 nonfermet 5284.58 -7957.1 13242.68 15198.2529 0.871329 7.792134 -0.0034 0.011711

nonfermet_2004104 2004 nonfermet 9685.987 -7957.1 17644.09 15198.2529 1.160929 7.792134 -0.0034 0.011711

nonfermet_2005105 2005 nonfermet 8586.887 -7957.1 16544.99 15198.2529 1.088611 7.792134 -0.0034 0.011711

nonfermet_2006106 2006 nonfermet 13760.96 -7957.1 21719.05 15198.2529 1.429049 7.792134 -0.0034 0.011711

nonfermet_2007107 2007 nonfermet 15223.59 -7957.1 23181.68 15198.2529 1.525286 7.792134 -0.0034 0.011711

nonfermet_2008108 2008 nonfermet -7957.1 -7957.1 1 15198.2529 6.58E-05 7.792134 -0.0034 0.011711

paper_1988 88 1988 paper 21210.09 4480.929 21210.09 16352.3937 1.297063 35.51558 -0.01728 0.010353

paper_1989 89 1989 paper 19395.69 4480.929 19395.69 16352.3937 1.186107 35.51558 -0.01728 0.010353

paper_1990 90 1990 paper 16240.29 4480.929 16240.29 16352.3937 0.993145 35.51558 -0.01728 0.010353

paper_1991 91 1991 paper 13000.64 4480.929 13000.64 16352.3937 0.79503 35.51558 -0.01728 0.010353

paper_1992 92 1992 paper 11958.22 4480.929 11958.22 16352.3937 0.731283 35.51558 -0.01728 0.010353

paper_1993 93 1993 paper 10200.88 4480.929 10200.88 16352.3937 0.623816 35.51558 -0.01728 0.010353

paper_1994 94 1994 paper 18017.49 4480.929 18017.49 16352.3937 1.101826 35.51558 -0.01728 0.010353

paper_1995 95 1995 paper 27713.21 4480.929 27713.21 16352.3937 1.694749 35.51558 -0.01728 0.010353

paper_1996 96 1996 paper 20331.5 4480.929 20331.5 16352.3937 1.243335 35.51558 -0.01728 0.010353

paper_1997 97 1997 paper 16976.6 4480.929 16976.6 16352.3937 1.038172 35.51558 -0.01728 0.010353

paper_1998 98 1998 paper 18837.89 4480.929 18837.89 16352.3937 1.151996 35.51558 -0.01728 0.010353

paper_1999 99 1999 paper 21370.01 4480.929 21370.01 16352.3937 1.306843 35.51558 -0.01728 0.010353

paper_2000 100 2000 paper 21730.65 4480.929 21730.65 16352.3937 1.328897 35.51558 -0.01728 0.010353

paper_2001 101 2001 paper 12973.34 4480.929 12973.34 16352.3937 0.79336 35.51558 -0.01728 0.010353

paper_2002 102 2002 paper 14741.54 4480.929 14741.54 16352.3937 0.901491 35.51558 -0.01728 0.010353

paper_2003 103 2003 paper 14012.81 4480.929 14012.81 16352.3937 0.856927 35.51558 -0.01728 0.010353

paper_2004 104 2004 paper 16660.63 4480.929 16660.63 16352.3937 1.01885 35.51558 -0.01728 0.010353

paper_2005 105 2005 paper 14357.32 4480.929 14357.32 16352.3937 0.877995 35.51558 -0.01728 0.010353

paper_2006 106 2006 paper 15095.06 4480.929 15095.06 16352.3937 0.92311 35.51558 -0.01728 0.010353

paper_2007 107 2007 paper 14095.48 4480.929 14095.48 16352.3937 0.861983 35.51558 -0.01728 0.010353

paper_2008 108 2008 paper 4480.929 4480.929 4480.929 16352.3937 0.274023 35.51558 -0.01728 0.010353

petrol_1988 88 1988 petrol 88492.21 38980.33 88492.21 81606.9164 1.084371 -86.5554 0.043822 0.012061

petrol_1989 89 1989 petrol 78643.41 38980.33 78643.41 81606.9164 0.963686 -86.5554 0.043822 0.012061

petrol_1990 90 1990 petrol 72891.4 38980.33 72891.4 81606.9164 0.893201 -86.5554 0.043822 0.012061

petrol_1991 91 1991 petrol 55674.3 38980.33 55674.3 81606.9164 0.682225 -86.5554 0.043822 0.012061

petrol_1992 92 1992 petrol 40296.45 38980.33 40296.45 81606.9164 0.493787 -86.5554 0.043822 0.012061

petrol_1993 93 1993 petrol 55994.47 38980.33 55994.47 81606.9164 0.686149 -86.5554 0.043822 0.012061

petrol_1994 94 1994 petrol 57705.28 38980.33 57705.28 81606.9164 0.707113 -86.5554 0.043822 0.012061

petrol_1995 95 1995 petrol 54686.79 38980.33 54686.79 81606.9164 0.670124 -86.5554 0.043822 0.012061

petrol_1996 96 1996 petrol 74385.83 38980.33 74385.83 81606.9164 0.911514 -86.5554 0.043822 0.012061

petrol_1997 97 1997 petrol 76896.23 38980.33 76896.23 81606.9164 0.942276 -86.5554 0.043822 0.012061

petrol_1998 98 1998 petrol 38980.33 38980.33 38980.33 81606.9164 0.47766 -86.5554 0.043822 0.012061

petrol_1999 99 1999 petrol 51118.7 38980.33 51118.7 81606.9164 0.626402 -86.5554 0.043822 0.012061

petrol_2000 100 2000 petrol 90664.64 38980.33 90664.64 81606.9164 1.110992 -86.5554 0.043822 0.012061

petrol_2001 101 2001 petrol 71632.31 38980.33 71632.31 81606.9164 0.877773 -86.5554 0.043822 0.012061

petrol_2002 102 2002 petrol 49572.25 38980.33 49572.25 81606.9164 0.607452 -86.5554 0.043822 0.012061
13 14 15 16 17 18 19 20

t-Statistic P-Value Calculated Trend

ave_atcf_1996th

ru1998

ave_trend_1996th

ru1999

21-Yr Ave 

ATCF Index

Adj Coef - 

Non Sig Adj Coef - Sig

1.411641554 0.1742229021 1.208392 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 1.234441 1.326392182 0.973951025 1.00 0.75392483 0.734285861

1.411641554 0.1742229021 1.26049 1.326392182 0.973951025 1.00 0.75392483 0.734285861

-0.290284786 0.7747429123 1.033995 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 1.030595 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 1.027196 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 1.023796 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 1.020397 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 1.016997 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 1.013598 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 1.010198 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 1.006799 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 1.003399 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 1 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 0.996601 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 0.993201 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 0.989802 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 0.986402 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 0.983003 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 0.979603 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 0.976204 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 0.972804 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 0.969405 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-0.290284786 0.7747429123 0.966005 1.105763759 1.003399466 1.00 0.9043523 0.907426616

-1.668590485 0.1115944108 1.172751 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 1.155476 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 1.138201 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 1.120925 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 1.10365 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 1.086375 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 1.0691 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 1.051825 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 1.03455 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 1.017275 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 1 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 0.982725 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 0.96545 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 0.948175 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 0.9309 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 0.913625 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 0.89635 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 0.879075 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 0.861799 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 0.844524 1.144500886 1.017275065 1.00 0.87374332 0.888837289

-1.668590485 0.1115944108 0.827249 1.144500886 1.017275065 1.00 0.87374332 0.888837289

3.633339541 0.0017689901 0.561785 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 0.605606 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 0.649428 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 0.693249 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 0.737071 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 0.780892 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 0.824714 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 0.868535 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 0.912357 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 0.956178 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 1 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 1.043822 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 1.087643 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 1.131465 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 1.175286 0.77714978 0.95617849 1.00 1.28675324 1.230365773
1 2 3 4 5 6 7 8 9 10 11 12

vlookup - do not delete After-tax cash flow (ATCF) - Adjusted

year ind atcf min_atcf atcf_adj ave_atcf_adj ATCF Index Seriesntercept year_coef St Er

petrol_2003 103 2003 petrol 81956.74 38980.33 81956.74 81606.9164 1.004287 -86.5554 0.043822 0.012061

petrol_2004 104 2004 petrol 113984.9 38980.33 113984.9 81606.9164 1.396756 -86.5554 0.043822 0.012061

petrol_2005 105 2005 petrol 140499.6 38980.33 140499.6 81606.9164 1.721663 -86.5554 0.043822 0.012061

petrol_2006 106 2006 petrol 155297.3 38980.33 155297.3 81606.9164 1.902992 -86.5554 0.043822 0.012061

petrol_2007 107 2007 petrol 147432.6 38980.33 147432.6 81606.9164 1.806619 -86.5554 0.043822 0.012061

petrol_2008 108 2008 petrol 116939.4 38980.33 116939.4 81606.9164 1.43296 -86.5554 0.043822 0.012061

pharma_1988 88 1988 pharma 16050.42 16050.42 16050.42 42936.4082 0.373818 -171.003 0.086087 0.005578

pharma_1989 89 1989 pharma 16561.56 16050.42 16561.56 42936.4082 0.385723 -171.003 0.086087 0.005578

pharma_1990 90 1990 pharma 18986.9 16050.42 18986.9 42936.4082 0.44221 -171.003 0.086087 0.005578

pharma_1991 91 1991 pharma 19908.45 16050.42 19908.45 42936.4082 0.463673 -171.003 0.086087 0.005578

pharma_1992 92 1992 pharma 18845.88 16050.42 18845.88 42936.4082 0.438925 -171.003 0.086087 0.005578

pharma_1993 93 1993 pharma 19971.21 16050.42 19971.21 42936.4082 0.465135 -171.003 0.086087 0.005578

pharma_1994 94 1994 pharma 25247.22 16050.42 25247.22 42936.4082 0.588014 -171.003 0.086087 0.005578

pharma_1995 95 1995 pharma 28359.81 16050.42 28359.81 42936.4082 0.660507 -171.003 0.086087 0.005578

pharma_1996 96 1996 pharma 29070.72 16050.42 29070.72 42936.4082 0.677065 -171.003 0.086087 0.005578

pharma_1997 97 1997 pharma 30731.24 16050.42 30731.24 42936.4082 0.715738 -171.003 0.086087 0.005578

pharma_1998 98 1998 pharma 38268.57 16050.42 38268.57 42936.4082 0.891285 -171.003 0.086087 0.005578

pharma_1999 99 1999 pharma 41948.3 16050.42 41948.3 42936.4082 0.976987 -171.003 0.086087 0.005578

pharma_2000 100 2000 pharma 44749.51 16050.42 44749.51 42936.4082 1.042228 -171.003 0.086087 0.005578

pharma_2001 101 2001 pharma 58488.14 16050.42 58488.14 42936.4082 1.362204 -171.003 0.086087 0.005578

pharma_2002 102 2002 pharma 53594.69 16050.42 53594.69 42936.4082 1.248234 -171.003 0.086087 0.005578

pharma_2003 103 2003 pharma 63413.46 16050.42 63413.46 42936.4082 1.476916 -171.003 0.086087 0.005578

pharma_2004 104 2004 pharma 52389.68 16050.42 52389.68 42936.4082 1.220169 -171.003 0.086087 0.005578

pharma_2005 105 2005 pharma 73282.64 16050.42 73282.64 42936.4082 1.706771 -171.003 0.086087 0.005578

pharma_2006 106 2006 pharma 83358.91 16050.42 83358.91 42936.4082 1.94145 -171.003 0.086087 0.005578

pharma_2007 107 2007 pharma 82096.08 16050.42 82096.08 42936.4082 1.912039 -171.003 0.086087 0.005578

pharma_2008 108 2008 pharma 86341.21 16050.42 86341.21 42936.4082 2.010909 -171.003 0.086087 0.005578

otherchem_199292 1992 otherchem 18891.26 9696.375 18891.26 25959.7732 0.727713 -66.0015 0.033501 0.012166

otherchem_199393 1993 otherchem 9696.375 9696.375 9696.375 25959.7732 0.373515 -66.0015 0.033501 0.012166

otherchem_199494 1994 otherchem 21637.47 9696.375 21637.47 25959.7732 0.8335 -66.0015 0.033501 0.012166

otherchem_199595 1995 otherchem 24777.1 9696.375 24777.1 25959.7732 0.954442 -66.0015 0.033501 0.012166

otherchem_199696 1996 otherchem 33879.41 9696.375 33879.41 25959.7732 1.305073 -66.0015 0.033501 0.012166

otherchem_199797 1997 otherchem 32462.66 9696.375 32462.66 25959.7732 1.250499 -66.0015 0.033501 0.012166

otherchem_199898 1998 otherchem 28074.27 9696.375 28074.27 25959.7732 1.081453 -66.0015 0.033501 0.012166

otherchem_199999 1999 otherchem 23045.62 9696.375 23045.62 25959.7732 0.887743 -66.0015 0.033501 0.012166

otherchem_2000100 2000 otherchem 21681.87 9696.375 21681.87 25959.7732 0.83521 -66.0015 0.033501 0.012166

otherchem_2001101 2001 otherchem 15003.24 9696.375 15003.24 25959.7732 0.577942 -66.0015 0.033501 0.012166

otherchem_2002102 2002 otherchem 23164.24 9696.375 23164.24 25959.7732 0.892313 -66.0015 0.033501 0.012166

otherchem_2003103 2003 otherchem 27345.37 9696.375 27345.37 25959.7732 1.053375 -66.0015 0.033501 0.012166

otherchem_2004104 2004 otherchem 31296.88 9696.375 31296.88 25959.7732 1.205591 -66.0015 0.033501 0.012166

otherchem_2005105 2005 otherchem 25300.44 9696.375 25300.44 25959.7732 0.974602 -66.0015 0.033501 0.012166

otherchem_2006106 2006 otherchem 29976.95 9696.375 29976.95 25959.7732 1.154746 -66.0015 0.033501 0.012166

otherchem_2007107 2007 otherchem 35942.13 9696.375 35942.13 25959.7732 1.384532 -66.0015 0.033501 0.012166

otherchem_2008108 2008 otherchem 39140.86 9696.375 39140.86 25959.7732 1.507751 -66.0015 0.033501 0.012166
13 14 15 16 17 18 19 20

t-Statistic P-Value Calculated Trend

ave_atcf_1996th

ru1998

ave_trend_1996th

ru1999

21-Yr Ave 

ATCF Index

Adj Coef - 

Non Sig Adj Coef - Sig

3.633339541 0.0017689901 1.219108 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 1.262929 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 1.306751 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 1.350572 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 1.394394 0.77714978 0.95617849 1.00 1.28675324 1.230365773

3.633339541 0.0017689901 1.438215 0.77714978 0.95617849 1.00 1.28675324 1.230365773

15.43407711 0.0000000000 0.139126 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 0.225214 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 0.311301 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 0.397388 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 0.483476 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 0.569563 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 0.655651 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 0.741738 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 0.827825 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 0.913913 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1.086087 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1.172175 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1.258262 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1.344349 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1.430437 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1.516524 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1.602612 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1.688699 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1.774786 0.761362558 0.913912627 1.00 1.3134347 1.200364554

15.43407711 0.0000000000 1.860874 0.761362558 0.913912627 1.00 1.3134347 1.200364554

2.753614826 0.0126355309 0.731994 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 0.765495 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 0.798995 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 0.832496 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 0.865997 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 0.899498 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 0.932998 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 0.966499 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 1 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 1.033501 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 1.067002 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 1.100502 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 1.134003 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 1.167504 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 1.201005 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 1.234505 1.212341585 0.899497718 1.00 0.82485004 0.741950725

2.753614826 0.0126355309 1.268006 1.212341585 0.899497718 1.00 0.82485004 0.741950725
1 2 3 4 5 6 7 8 9 10

SIC - Excel

ind_item Industry ITEM 1988Q1 1988Q2 1988Q3 1988Q4 1989Q1 1989Q2 1989Q3

chem_After-tax cash flow (ATCF) chem After-tax cash flow (ATCF) 7382.72 8180.76 7831.62 6525.59 7910.15 7640.7 6539.03

chem_After-tax cash flow (ATCF) - Adjusted chem After-tax cash flow (ATCF) - Adjusted 7233.99 8015.96 7673.85 6394.13 7750.8 7486.77 6407.3

chem_Depreciation, depletion, and amortization or property, plant, and equipment chem Depreciation, depletion, and amortization or property, plant, and equipment 2847.06 2796.7 2928.91 2831.18 2637.31 2666.3 2750.6

chem_Income (or loss) after income taxes chem Income (or loss) after income taxes 4535.65 5384.06 4902.71 3694.41 5272.84 4974.39 3788.43

pharma_After-tax cash flow (ATCF) pharma After-tax cash flow (ATCF) 4995.34 3477.97 3322.94 4660.36 4479.87 4270.32 3688.5

pharma_After-tax cash flow (ATCF) - Adjusted pharma After-tax cash flow (ATCF) - Adjusted 4872.04 3392.13 3240.93 4545.33 4369.29 4164.92 3597.46

pharma_Depreciation, depletion, and amortization or property, plant, and equipment pharma Depreciation, depletion, and amortization or property, plant, and equipment 711.766 751.051 778.985 749.695 739.516 871.71 759.088

pharma_Income (or loss) after income taxes pharma Income (or loss) after income taxes 4283.57 2726.92 2543.96 3910.67 3740.35 3398.61 2929.42

foodbev_After-tax cash flow (ATCF) foodbev After-tax cash flow (ATCF) 12294.6 15272.6 13985.4 12811.5 11196.1 11132.8 10062.7

foodbev_After-tax cash flow (ATCF) - Adjusted foodbev After-tax cash flow (ATCF) - Adjusted 11366.6 14119.8 12929.8 11844.4 10351 10292.5 9303.19

foodbev_Depreciation, depletion, and amortization or property, plant, and equipment foodbev Depreciation, depletion, and amortization or property, plant, and equipment 4044.46 4188.62 4223.59 4290.92 4326.62 4210.32 4245.99

foodbev_Income (or loss) after income taxes foodbev Income (or loss) after income taxes 8250.18 11084 9761.83 8520.57 6869.48 6922.51 5816.76

ironsteel_After-tax cash flow (ATCF) ironsteel After-tax cash flow (ATCF) 1569.4 2543.64 -799.32 1795.53 1749.48 1674.45 1590.02

ironsteel_After-tax cash flow (ATCF) - Adjustedironsteel After-tax cash flow (ATCF) - Adjusted 2298.75 3725.74 -1170.8 2629.97 2562.52 2452.62 2328.96

ironsteel_Depreciation, depletion, and 

amortization or property, plant, and equipment ironsteel

Depreciation, depletion, and amortization or 

property, plant, and equipment 740.866 759.227 733.585 676.944 732.164 735.643 687.147

ironsteel_Income (or loss) after income taxes ironsteel Income (or loss) after income taxes 828.537 1784.41 -1532.91 1118.59 1017.32 938.81 902.877

nonfermet_After-tax cash flow (ATCF) nonfermet After-tax cash flow (ATCF) 2327.16 2803.23 2631.99 2740.45 2876.3 2851.71 2611.1

nonfermet_After-tax cash flow (ATCF) - 

Adjusted nonfermet After-tax cash flow (ATCF) - Adjusted 2303.94 2775.26 2605.73 2713.11 2847.6 2823.26 2585.05

nonfermet_Depreciation, depletion, and 

amortization or property, plant, and equipment nonfermet

Depreciation, depletion, and amortization or 

property, plant, and equipment 787.844 732.961 728.024 798.179 770.145 800.454 796.801

nonfermet_Income (or loss) after income taxes nonfermet Income (or loss) after income taxes 1539.31 2070.27 1903.97 1942.27 2106.15 2051.26 1814.3

petrol_After-tax cash flow (ATCF) petrol After-tax cash flow (ATCF) 18502.2 16853.7 19505.5 20108.4 18288.3 14831.4 16195.1

petrol_After-tax cash flow (ATCF) - Adjusted petrol After-tax cash flow (ATCF) - Adjusted 21839.5 19893.6 23023.8 23735.4 21587 17506.6 19116.2

petrol_Depreciation, depletion, and amortization 

or property, plant, and equipment petrol

Depreciation, depletion, and amortization or 

property, plant, and equipment 9201.06 9157.68 8841.21 9286.48 8239.82 8140.08 7939.75

petrol_Income (or loss) after income taxes petrol Income (or loss) after income taxes 9301.15 7695.97 10664.3 10821.9 10048.5 6691.34 8255.31

paper_After-tax cash flow (ATCF) paper After-tax cash flow (ATCF) 5373.46 6072.68 6135.65 5516.38 5666.66 5724.35 5469.64

paper_After-tax cash flow (ATCF) - Adjusted paper After-tax cash flow (ATCF) - Adjusted 4934.23 5576.29 5634.11 5065.47 5203.46 5256.43 5022.55

paper_Depreciation, depletion, and amortization 

or property, plant, and equipment paper

Depreciation, depletion, and amortization or 

property, plant, and equipment 2168.66 2065.85 2111.79 2103.11 2138.36 2203.98 2208.89

paper_Income (or loss) after income taxes paper Income (or loss) after income taxes 3204.8 4006.83 4023.85 3413.27 3528.3 3520.37 3260.75

otherchem_After-tax cash flow (ATCF) otherchem After-tax cash flow (ATCF) 0 0 0 0 0 0 0

otherchem_After-tax cash flow (ATCF) - 

Adjusted otherchem After-tax cash flow (ATCF) - Adjusted #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

otherchem_Depreciation, depletion, and 

amortization or property, plant, and equipment otherchem

Depreciation, depletion, and amortization or 

property, plant, and equipment 0 0 0 0 0 0 0

otherchem_Income (or loss) after income taxes otherchem Income (or loss) after income taxes 0 0 0 0 0 0 0
1

ind_item

chem_After-tax cash flow (ATCF)

chem_After-tax cash flow (ATCF) - Adjusted

chem_Depreciation, depletion, and amortization or property, plant, and equipment

chem_Income (or loss) after income taxes

pharma_After-tax cash flow (ATCF)

pharma_After-tax cash flow (ATCF) - Adjusted

pharma_Depreciation, depletion, and amortization or property, plant, and equipment

pharma_Income (or loss) after income taxes

foodbev_After-tax cash flow (ATCF)

foodbev_After-tax cash flow (ATCF) - Adjusted

foodbev_Depreciation, depletion, and amortization or property, plant, and equipment

foodbev_Income (or loss) after income taxes

ironsteel_After-tax cash flow (ATCF)

ironsteel_After-tax cash flow (ATCF) - Adjusted

ironsteel_Depreciation, depletion, and 

amortization or property, plant, and equipment

ironsteel_Income (or loss) after income taxes

nonfermet_After-tax cash flow (ATCF)

nonfermet_After-tax cash flow (ATCF) - 

Adjusted

nonfermet_Depreciation, depletion, and 

amortization or property, plant, and equipment

nonfermet_Income (or loss) after income taxes

petrol_After-tax cash flow (ATCF)

petrol_After-tax cash flow (ATCF) - Adjusted

petrol_Depreciation, depletion, and amortization 

or property, plant, and equipment

petrol_Income (or loss) after income taxes

paper_After-tax cash flow (ATCF)

paper_After-tax cash flow (ATCF) - Adjusted

paper_Depreciation, depletion, and amortization 

or property, plant, and equipment

paper_Income (or loss) after income taxes

otherchem_After-tax cash flow (ATCF)

otherchem_After-tax cash flow (ATCF) - 

Adjusted

otherchem_Depreciation, depletion, and 

amortization or property, plant, and equipment

otherchem_Income (or loss) after income taxes

11 12 13 14 15 16 17 18 19 20 21 22 23

1989Q4 1990Q1 1990Q2 1990Q3 1990Q4 1991Q1 1991Q2 1991Q3 1991Q4 1992Q1 1992Q2 1992Q3 1992Q4

4672.61 5423.86 7146.04 5853.81 5420.92 5662.67 4896.58 3776.54 4647.64 -6257.4 5989.82 5568.13 2540.74

4578.48 5314.6 7002.08 5735.89 5311.72 5548.59 4797.94 3700.46 4554.01 -6131.3 5869.15 5455.96 2489.56

2795.21 2701.61 2745.47 2855.27 2912.78 2792.46 2932.03 2796.95 3231.31 3145.63 3067.02 3175.64 3260.78

1877.41 2722.26 4400.57 2998.54 2508.14 2870.21 1964.55 979.586 1416.33 -9403.02 2922.8 2392.5 -720.036

4542 4405.17 4347.84 4990.83 5723.57 4618.81 4536.85 5983.46 5273.16 3384.25 5390.52 5556.97 4991.09

4429.89 4296.44 4240.52 4867.64 5582.3 4504.8 4424.87 5835.77 5143 3300.72 5257.46 5419.81 4867.9

980.5 822.528 957.682 888.269 1041.71 908.211 992.128 935.578 918.832 1010.92 1083.23 1051.1 1022.96

3561.5 3582.64 3390.16 4102.56 4681.86 3710.6 3544.72 5047.88 4354.32 2373.33 4307.28 4505.87 3968.13

13638.2 10205.9 12950 12801.5 8106.3 12547.9 12864.8 13347.5 10590.1 9025.74 13601.3 11809.4 10494.4

12608.7 9435.52 11972.5 11835.2 7494.42 11600.7 11893.8 12340 9790.71 8344.46 12574.6 10918 9702.31

4258.12 4217.6 4196.45 4213.8 4300.62 4347.5 4384.09 4433.4 4129.07 4006.6 4108.59 4497.89 4339.25

9380.06 5988.28 8753.52 8587.73 3805.68 8200.37 8480.72 8914.07 6460.99 5019.14 9492.69 7311.47 6155.2

1008.5 1357.41 1681.43 1335.56 -407.868 132.65 555.432 705.97 -1616.93 -1524.81 1182.75 1423.98 -762.641

1477.18 1988.25 2462.84 1956.24 -597.42 194.296 813.558 1034.05 -2368.4 -2233.4 1732.41 2085.75 -1117.1

672.15 701.102 741.312 707.024 672.646 671.177 679.136 692.111 664.434 690.176 694.201 680.021 680.267

336.353 656.312 940.118 628.537 -1080.51 -538.527 -123.703 13.8588 -2281.37 -2214.99 488.547 743.96 -1442.91

1279.34 2195.28 2410.53 1971.45 1140.58 1845.76 1631.74 1393.56 654.137 -1824.64 1661.78 1756.33 501.221

1266.58 2173.38 2386.48 1951.78 1129.2 1827.34 1615.46 1379.66 647.61 -1806.4 1645.2 1738.81 496.22

835.105 865.084 888.579 865.425 889.885 980.867 985.661 998.435 1020.16 980.448 998.751 1014.07 981.43

444.234 1330.19 1521.95 1106.03 250.699 864.889 646.076 395.129 -366.027 -2805.09 663.033 742.266 -480.209

17311.1 14948.3 14469 16245 16090.5 15315.5 11325.7 9834.98 10690.5 1057.68 10875.6 10694.5 11511.1

20433.6 17644.6 17078.8 19175.2 18992.8 18078 13368.5 11608.9 12618.8 1248.45 12837.2 12623.4 13587.3

8209.73 7958.56 7768.62 7788.79 8076.2 7320.28 7199.5 7271.1 7663.42 7400.53 7380.71 6976.52 7444.6

9101.41 6989.76 6700.37 8456.26 8014.34 7995.23 4126.2 2563.88 3027.12 -6342.85 3494.86 3717.94 4066.46

4261.6 4819.87 4992.53 4367.18 3506.38 4079.5 3952.09 4065.04 2061.3 1949.29 4198.32 3906.15 2968.96

3913.26 4425.89 4584.44 4010.2 3219.76 3746.04 3629.04 3732.76 1892.8 1789.95 3855.14 3586.85 2726.27

2265.77 2333.36 2299.8 2341.19 2476.37 2670.04 2618.3 2686.12 2670.61 2769.96 2813.84 2757.75 2808.78

1995.83 2486.51 2692.74 2026 1030.01 1409.46 1333.79 1378.92 -609.314 -820.669 1384.48 1148.4 160.184

0 0 0 0 0 0 0 0 0 3585.79 4164.67 4486.73 4044.26

#DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! 0 4160.57 4832.24 5205.92 4692.53

0 0 0 0 0 0 0 0 0 1736.46 1743.42 1674.75 1665.28

0 0 0 0 0 0 0 0 0 1849.33 2421.25 2811.98 2378.97
1

ind_item

chem_After-tax cash flow (ATCF)

chem_After-tax cash flow (ATCF) - Adjusted

chem_Depreciation, depletion, and amortization or property, plant, and equipment

chem_Income (or loss) after income taxes

pharma_After-tax cash flow (ATCF)

pharma_After-tax cash flow (ATCF) - Adjusted

pharma_Depreciation, depletion, and amortization or property, plant, and equipment

pharma_Income (or loss) after income taxes

foodbev_After-tax cash flow (ATCF)

foodbev_After-tax cash flow (ATCF) - Adjusted

foodbev_Depreciation, depletion, and amortization or property, plant, and equipment

foodbev_Income (or loss) after income taxes

ironsteel_After-tax cash flow (ATCF)

ironsteel_After-tax cash flow (ATCF) - Adjusted

ironsteel_Depreciation, depletion, and 

amortization or property, plant, and equipment

ironsteel_Income (or loss) after income taxes

nonfermet_After-tax cash flow (ATCF)

nonfermet_After-tax cash flow (ATCF) - 

Adjusted

nonfermet_Depreciation, depletion, and 

amortization or property, plant, and equipment

nonfermet_Income (or loss) after income taxes

petrol_After-tax cash flow (ATCF)

petrol_After-tax cash flow (ATCF) - Adjusted

petrol_Depreciation, depletion, and amortization 

or property, plant, and equipment

petrol_Income (or loss) after income taxes

paper_After-tax cash flow (ATCF)

paper_After-tax cash flow (ATCF) - Adjusted

paper_Depreciation, depletion, and amortization 

or property, plant, and equipment

paper_Income (or loss) after income taxes

otherchem_After-tax cash flow (ATCF)

otherchem_After-tax cash flow (ATCF) - 

Adjusted

otherchem_Depreciation, depletion, and 

amortization or property, plant, and equipment

otherchem_Income (or loss) after income taxes

24 25 26 27 28 29 30 31 32 33 34 35 36

BASED ON SIC FRAMEWORK

1993Q1 1993Q2 1993Q3 1993Q4 1994Q1 1994Q2 1994Q3 1994Q4 1995Q1 1995Q2 1995Q3 1995Q4 1996Q1

5442.29 6124.2 3133.88 4175.37 6271.95 6319.09 7088.38 5883.26 $8,650 $9,352 $7,272 $4,948 $8,672

5332.66 6000.83 3070.74 4091.26 6145.6 6191.79 6945.58 5764.74 $8,476 $9,164 $7,125 $4,848 $8,497

3118.44 3127.95 3194.74 3357.37 3160.68 3216.4 3313.51 3506.25 $3,249 $3,320 $3,417 $3,707 $3,397

2323.85 2996.25 -60.8671 818 3111.27 3102.68 3774.87 2377.02 $5,401 $6,031 $3,854 $1,241 $5,275

5877.42 5203.85 6259.95 3135.41 7250.88 5619.87 6139.7 6875.71 $6,415 $7,410 $8,762 $6,491 $6,473

5732.35 5075.4 6105.44 3058.02 7071.91 5481.16 5988.15 6706 $6,257 $7,227 $8,545 $6,331 $6,314

1125.67 1110.07 1151.79 1120.68 1242.96 1332.36 1387.12 1483.35 $1,378 $1,479 $1,246 $1,555 $1,311

4751.76 4093.78 5108.16 2014.73 6007.91 4287.51 4752.57 5392.36 $5,037 $5,931 $7,516 $4,936 $5,162

8951.72 11848.6 11552.3 10249.1 12800.2 11462.6 13280 13529.5 $13,348 $14,616 $14,600 $13,165 $14,050

8276.03 10954.2 10680.3 9475.44 11834 10597.3 12277.6 12508.3 $12,341 $13,513 $13,498 $12,171 $12,990

4363.92 4302.31 4593.13 4616.19 4300.19 4339.76 4421.07 4450.06 $4,458 $4,516 $4,573 $4,710 $4,580

4587.8 7546.28 6959.14 5632.87 8500.02 7122.8 8858.94 9079.47 $8,890 $10,100 $10,027 $8,455 $9,470

-795.647 2014.72 808.302 445.087 1563.36 2050.96 2123.52 2112.6 $2,384 $1,985 $2,156 $1,738 $1,218

-1165.4 2951.02 1183.94 651.932 2289.9 3004.1 3110.39 3094.39 $3,491 $2,907 $3,157 $2,546 $1,785

711.461 719.679 732.473 761.832 773.769 818.98 802.325 829.563 $833 $857 $850 $822 $831

-1507.11 1295.04 75.8292 -316.746 789.592 1231.98 1321.2 1283.03 $1,551 $1,128 $1,306 $916 $387

97.8862 1354.39 1175.07 313.694 1326.75 1639.51 1790.85 2140.94 $3,194 $2,987 $2,797 $2,464 $2,466

96.9096 1340.88 1163.35 310.564 1313.51 1623.15 1772.99 2119.58 $3,162 $2,957 $2,769 $2,439 $2,441

972.785 959.037 936.516 893.985 889.303 864.509 904.419 821.066 $862 $871 $879 $855 $853

-874.898 395.356 238.556 -580.291 437.449 775.002 886.435 1319.87 $2,332 $2,117 $1,919 $1,609 $1,612

10823.1 11831.3 11352.5 13431 10070.3 10574.3 12977.5 15265.2 $11,418 $12,069 $13,534 $9,309 $13,559

12775.3 13965.4 13400.2 15853.6 11886.7 12481.6 15318.3 18018.6 $13,478 $14,246 $15,975 $10,988 $16,004

6735.07 6746.65 6731.28 6953.78 6573.04 6564.97 6477.31 6524.63 $6,309 $6,355 $5,939 $6,520 $5,836

4088.03 5084.69 4621.22 6477.26 3497.28 4009.36 6500.23 8740.55 $5,109 $5,714 $7,595 $2,789 $7,722

3963.48 4187.85 129.538 2828.08 3920.35 4441.19 4920.62 6339.21 $6,749 $7,915 $8,363 $7,153 $6,313

3639.5 3845.53 118.949 2596.91 3599.9 4078.16 4518.4 5821.04 $6,197 $7,268 $7,680 $6,568 $5,797

2837.81 2928.83 2871.68 2851.36 2899.73 2904.44 2972.84 2946.95 $3,000 $3,059 $3,094 $3,114 $3,049

1125.67 1259.02 -2742.14 -23.2827 1020.62 1536.74 1947.78 3392.26 $3,749 $4,856 $5,270 $4,039 $3,265

1195.03 -634.998 3731.62 4065.17 3823.08 4803.86 5249.07 4772.27 $4,899 $5,318 $5,839 $5,298 $6,275

1386.59 -736.78 4329.78 4716.79 4435.89 5573.89 6090.46 5537.23 $5,684 $6,171 $6,774 $6,147 $7,281

1606.52 1702.73 1629.37 1685.67 1490.01 1535.21 1513.92 1559.35 $1,504 $1,498 $1,599 $1,712 $1,689

-411.483 -2337.73 2102.26 2379.5 2333.07 3268.65 3735.15 3212.92 $3,396 $3,820 $4,239 $3,586 $4,586
1

ind_item

chem_After-tax cash flow (ATCF)

chem_After-tax cash flow (ATCF) - Adjusted

chem_Depreciation, depletion, and amortization or property, plant, and equipment

chem_Income (or loss) after income taxes

pharma_After-tax cash flow (ATCF)

pharma_After-tax cash flow (ATCF) - Adjusted

pharma_Depreciation, depletion, and amortization or property, plant, and equipment

pharma_Income (or loss) after income taxes

foodbev_After-tax cash flow (ATCF)

foodbev_After-tax cash flow (ATCF) - Adjusted

foodbev_Depreciation, depletion, and amortization or property, plant, and equipment

foodbev_Income (or loss) after income taxes

ironsteel_After-tax cash flow (ATCF)

ironsteel_After-tax cash flow (ATCF) - Adjusted

ironsteel_Depreciation, depletion, and 

amortization or property, plant, and equipment

ironsteel_Income (or loss) after income taxes

nonfermet_After-tax cash flow (ATCF)

nonfermet_After-tax cash flow (ATCF) - 

Adjusted

nonfermet_Depreciation, depletion, and 

amortization or property, plant, and equipment

nonfermet_Income (or loss) after income taxes

petrol_After-tax cash flow (ATCF)

petrol_After-tax cash flow (ATCF) - Adjusted

petrol_Depreciation, depletion, and amortization 

or property, plant, and equipment

petrol_Income (or loss) after income taxes

paper_After-tax cash flow (ATCF)

paper_After-tax cash flow (ATCF) - Adjusted

paper_Depreciation, depletion, and amortization 

or property, plant, and equipment

paper_Income (or loss) after income taxes

otherchem_After-tax cash flow (ATCF)

otherchem_After-tax cash flow (ATCF) - 

Adjusted

otherchem_Depreciation, depletion, and 

amortization or property, plant, and equipment

otherchem_Income (or loss) after income taxes

37 38 39 40 41 42 43 44 45 46 47 48 49

BASED ON SIC FRAMEWORK

1996Q2 1996Q3 1996Q4 1997Q1 1997Q2 1997Q3 1997Q4 1998Q1 1998Q2 1998Q3 1998Q4 1999Q1 1999Q2

$2,996 $8,424 $6,311 $8,236 $8,968 $6,497 $3,461 $7,372 $7,038 $5,225 $4,738 $5,911 $6,752

$2,935 $8,255 $6,184 $8,070 $8,787 $6,366 $3,392 $7,224 $6,896 $5,120 $4,643 $5,792 $6,616

$3,329 $3,426 $3,602 $3,286 $3,380 $3,356 $3,520 $3,227 $3,160 $3,320 $3,595 $3,224 $3,320

-$334 $4,998 $2,709 $4,949 $5,587 $3,142 -$59 $4,145 $3,877 $1,906 $1,144 $2,687 $3,432

$7,535 $8,001 $7,797 $9,024 $3,253 $7,788 $11,445 $9,208 $9,336 $9,772 $10,921 $10,712 $6,378

$7,349 $7,803 $7,605 $8,801 $3,172 $7,596 $11,162 $8,981 $9,106 $9,531 $10,651 $10,447 $6,220

$1,316 $1,402 $1,375 $1,435 $1,501 $1,500 $1,435 $1,702 $1,689 $1,681 $1,695 $1,788 $1,857

$6,218 $6,599 $6,422 $7,589 $1,752 $6,288 $10,009 $7,506 $7,647 $8,091 $9,226 $8,924 $4,521

$13,649 $14,632 $15,207 $13,224 $15,147 $16,184 $12,018 $13,968 $13,499 $17,843 $11,042 $13,998 $16,717

$12,618 $13,528 $14,059 $12,226 $14,004 $14,962 $11,111 $12,914 $12,480 $16,496 $10,208 $12,942 $15,455

$4,547 $4,572 $4,787 $4,426 $4,661 $4,526 $4,439 $4,270 $4,571 $4,420 $4,670 $4,463 $4,646

$9,102 $10,060 $10,420 $8,798 $10,486 $11,658 $7,579 $9,698 $8,928 $13,423 $6,372 $9,535 $12,072

$2,049 $1,964 $1,083 $1,938 $2,513 $1,995 $2,002 $2,095 $2,207 $1,777 $1,091 $940 $1,684

$3,001 $2,876 $1,586 $2,838 $3,681 $2,922 $2,932 $3,068 $3,233 $2,603 $1,599 $1,377 $2,467

$855 $865 $859 $887 $893 $877 $929 $956 $1,002 $1,019 $1,014 $1,002 $1,066

$1,194 $1,099 $224 $1,051 $1,621 $1,118 $1,072 $1,138 $1,205 $758 $78 -$62 $618

$2,477 $2,083 $1,884 $2,464 $2,643 $2,387 $1,594 $2,528 $2,061 $2,391 $1,834 $1,892 $2,170

$2,452 $2,062 $1,865 $2,439 $2,617 $2,363 $1,578 $2,503 $2,041 $2,367 $1,816 $1,873 $2,148

$876 $901 $877 $896 $935 $976 $926 $925 $937 $983 $984 $927 $908

$1,600 $1,182 $1,007 $1,568 $1,708 $1,411 $669 $1,602 $1,124 $1,407 $850 $965 $1,261

$17,686 $15,376 $16,398 $16,980 $16,013 $15,068 $17,085 $10,949 $9,774 $12,133 $168 $7,546 $10,277

$20,876 $18,150 $19,356 $20,043 $18,901 $17,786 $20,166 $12,923 $11,537 $14,322 $198 $8,907 $12,131

$5,678 $5,780 $6,119 $5,539 $5,350 $5,474 $6,165 $5,245 $5,318 $5,164 $5,351 $4,777 $4,653

$12,008 $9,597 $10,279 $11,441 $10,663 $9,594 $10,919 $5,704 $4,455 $6,970 -$5,183 $2,769 $5,625

$5,515 $5,808 $4,506 $4,920 $4,830 $5,590 $3,147 $5,288 $5,647 $5,474 $4,106 $4,872 $5,745

$5,064 $5,333 $4,138 $4,518 $4,436 $5,133 $2,890 $4,856 $5,185 $5,026 $3,770 $4,473 $5,275

$3,164 $3,230 $3,199 $3,318 $3,332 $3,324 $3,287 $3,384 $3,367 $3,481 $3,511 $3,372 $3,329

$2,351 $2,577 $1,306 $1,602 $1,498 $2,266 -$140 $1,905 $2,280 $1,993 $595 $1,500 $2,416

$7,483 $10,340 $5,101 $7,904 $6,713 $8,083 $5,278 $6,761 $7,201 $6,770 $3,464 $7,408 $7,614

$8,683 $11,997 $5,919 $9,171 $7,789 $9,378 $6,124 $7,845 $8,356 $7,855 $4,019 $8,596 $8,834

$1,673 $1,631 $1,596 $1,551 $1,620 $1,536 $1,758 $1,598 $1,719 $1,710 $1,806 $1,862 $2,011

$5,810 $8,708 $3,505 $6,353 $5,093 $6,546 $3,520 $5,163 $5,482 $5,060 $1,658 $5,547 $5,603
1

ind_item

chem_After-tax cash flow (ATCF)

chem_After-tax cash flow (ATCF) - Adjusted

chem_Depreciation, depletion, and amortization or property, plant, and equipment

chem_Income (or loss) after income taxes

pharma_After-tax cash flow (ATCF)

pharma_After-tax cash flow (ATCF) - Adjusted

pharma_Depreciation, depletion, and amortization or property, plant, and equipment

pharma_Income (or loss) after income taxes

foodbev_After-tax cash flow (ATCF)

foodbev_After-tax cash flow (ATCF) - Adjusted

foodbev_Depreciation, depletion, and amortization or property, plant, and equipment

foodbev_Income (or loss) after income taxes

ironsteel_After-tax cash flow (ATCF)

ironsteel_After-tax cash flow (ATCF) - Adjusted

ironsteel_Depreciation, depletion, and 

amortization or property, plant, and equipment

ironsteel_Income (or loss) after income taxes

nonfermet_After-tax cash flow (ATCF)

nonfermet_After-tax cash flow (ATCF) - 

Adjusted

nonfermet_Depreciation, depletion, and 

amortization or property, plant, and equipment

nonfermet_Income (or loss) after income taxes

petrol_After-tax cash flow (ATCF)

petrol_After-tax cash flow (ATCF) - Adjusted

petrol_Depreciation, depletion, and amortization 

or property, plant, and equipment

petrol_Income (or loss) after income taxes

paper_After-tax cash flow (ATCF)

paper_After-tax cash flow (ATCF) - Adjusted

paper_Depreciation, depletion, and amortization 

or property, plant, and equipment

paper_Income (or loss) after income taxes

otherchem_After-tax cash flow (ATCF)

otherchem_After-tax cash flow (ATCF) - 

Adjusted

otherchem_Depreciation, depletion, and 

amortization or property, plant, and equipment

otherchem_Income (or loss) after income taxes

50 51 52 53 54 55 56 57 58 59 60 61 62

BASED ON NAICS FRAMEWORK

1999Q3 1999Q4 2000Q1 2000Q2 2000Q3 2000Q4 2001Q1 2001Q2 2001Q3 2001Q4 2002Q1 2002Q2 2002Q3

$5,802 $5,267 $7,221 $7,186 $6,222 $4,062 $2,936 $3,129 $2,391 $6,467 $3,589 $4,419 $5,215

$5,685 $5,161 $7,076 $7,041 $6,097 $4,062 $2,936 $3,129 $2,391 $6,467 $3,589 $4,419 $5,215

$3,139 $3,313 $3,126 $3,169 $3,324 $3,332 $3,340 $3,261 $3,311 $3,423 $3,121 $3,103 $3,178

$2,663 $1,954 $4,096 $4,017 $2,898 $730 -$404 -$131 -$920 $3,044 $468 $1,316 $2,037

$13,605 $12,316 $12,135 $13,744 $12,238 $7,574 $14,673 $17,590 $11,530 $14,696 $14,585 $11,863 $10,037

$13,269 $12,012 $11,835 $13,404 $11,936 $7,574 $14,673 $17,590 $11,530 $14,696 $14,585 $11,863 $10,037

$2,042 $2,086 $1,913 $2,026 $1,982 $1,980 $2,055 $2,000 $1,995 $2,169 $2,044 $2,103 $2,266

$11,562 $10,230 $10,221 $11,718 $10,256 $5,594 $12,618 $15,589 $9,534 $12,527 $12,541 $9,760 $7,771

$15,057 $15,820 $14,914 $15,775 $16,178 $13,851 $12,036 $13,711 $15,620 $10,849 $13,875 $16,477 $20,682

$13,921 $14,625 $13,788 $14,584 $14,957 $13,851 $12,036 $13,711 $15,620 $10,849 $13,875 $16,477 $20,682

$4,526 $4,828 $4,606 $4,591 $4,521 $4,398 $4,349 $4,282 $4,555 $4,470 $4,188 $4,253 $4,444

$10,532 $10,992 $10,308 $11,183 $11,657 $9,454 $7,687 $9,429 $11,065 $6,379 $9,686 $12,224 $16,238

$1,183 $776 $1,824 $1,459 $1,141 -$1,079 -$234 -$1,209 $67 -$1,031 $334 $915 $896

$1,733 $1,137 $2,671 $2,136 $1,672 -$1,079 -$234 -$1,209 $67 -$1,031 $334 $915 $896

$1,106 $1,136 $1,163 $1,179 $1,130 $1,128 $1,125 $1,118 $1,085 $989 $1,006 $936 $927

$77 -$360 $661 $279 $12 -$2,207 -$1,358 -$2,327 -$1,018 -$2,020 -$672 -$21 -$30

$2,163 $1,840 $2,454 $2,304 $2,048 $1,724 $1,926 $2,031 $1,579 $474 $1,141 $1,336 $947

$2,142 $1,821 $2,430 $2,281 $2,027 $1,724 $1,926 $2,031 $1,579 $474 $1,141 $1,336 $947

$965 $936 $926 $908 $934 $921 $914 $928 $955 $924 $895 $900 $912

$1,198 $904 $1,528 $1,397 $1,113 $802 $1,012 $1,103 $625 -$450 $246 $435 $34

$14,448 $11,036 $17,246 $20,107 $20,756 $22,074 $22,144 $23,780 $17,684 $8,025 $12,055 $13,816 $11,226

$17,054 $13,027 $20,357 $23,734 $24,500 $22,074 $22,144 $23,780 $17,684 $8,025 $12,055 $13,816 $11,226

$4,739 $4,932 $4,587 $5,057 $5,165 $6,632 $5,000 $6,132 $5,811 $6,316 $6,070 $5,729 $6,185

$9,708 $6,105 $12,660 $15,051 $15,591 $15,442 $17,143 $17,648 $11,873 $1,709 $5,985 $8,087 $5,041

$6,225 $6,431 $6,859 $6,557 $5,877 $4,014 $4,162 $4,186 $3,777 $848 $3,747 $4,243 $4,147

$5,716 $5,906 $6,299 $6,021 $5,396 $4,014 $4,162 $4,186 $3,777 $848 $3,747 $4,243 $4,147

$3,291 $3,319 $3,323 $3,345 $3,384 $3,153 $3,035 $3,032 $2,881 $2,932 $2,841 $3,059 $2,897

$2,934 $3,113 $3,536 $3,212 $2,492 $861 $1,127 $1,153 $895 -$2,083 $906 $1,184 $1,250

$3,319 $1,521 $4,570 $4,839 $4,759 $5,242 $3,946 $3,704 $3,988 $3,365 $4,501 $7,802 $5,965

$3,851 $1,764 $5,303 $5,615 $5,522 $5,242 $3,946 $3,704 $3,988 $3,365 $4,501 $7,802 $5,965

$1,819 $1,919 $1,759 $1,745 $1,572 $1,945 $1,829 $1,886 $1,833 $1,816 $1,731 $1,764 $1,779

$1,501 -$398 $2,811 $3,095 $3,188 $3,297 $2,117 $1,818 $2,156 $1,549 $2,770 $6,038 $4,186
1

ind_item

chem_After-tax cash flow (ATCF)

chem_After-tax cash flow (ATCF) - Adjusted

chem_Depreciation, depletion, and amortization or property, plant, and equipment

chem_Income (or loss) after income taxes

pharma_After-tax cash flow (ATCF)

pharma_After-tax cash flow (ATCF) - Adjusted

pharma_Depreciation, depletion, and amortization or property, plant, and equipment

pharma_Income (or loss) after income taxes

foodbev_After-tax cash flow (ATCF)

foodbev_After-tax cash flow (ATCF) - Adjusted

foodbev_Depreciation, depletion, and amortization or property, plant, and equipment

foodbev_Income (or loss) after income taxes

ironsteel_After-tax cash flow (ATCF)

ironsteel_After-tax cash flow (ATCF) - Adjusted

ironsteel_Depreciation, depletion, and 

amortization or property, plant, and equipment

ironsteel_Income (or loss) after income taxes

nonfermet_After-tax cash flow (ATCF)

nonfermet_After-tax cash flow (ATCF) - 

Adjusted

nonfermet_Depreciation, depletion, and 

amortization or property, plant, and equipment

nonfermet_Income (or loss) after income taxes

petrol_After-tax cash flow (ATCF)

petrol_After-tax cash flow (ATCF) - Adjusted

petrol_Depreciation, depletion, and amortization 

or property, plant, and equipment

petrol_Income (or loss) after income taxes

paper_After-tax cash flow (ATCF)

paper_After-tax cash flow (ATCF) - Adjusted

paper_Depreciation, depletion, and amortization 

or property, plant, and equipment

paper_Income (or loss) after income taxes

otherchem_After-tax cash flow (ATCF)

otherchem_After-tax cash flow (ATCF) - 

Adjusted

otherchem_Depreciation, depletion, and 

amortization or property, plant, and equipment

otherchem_Income (or loss) after income taxes

63 64 65 66 67 68 69 70 71 72 73 74 75

2002Q4 2003Q1 2003Q2 2003Q3 2003Q4 2004Q1 2004Q2 2004Q3 2004Q4 2005Q1 2005Q2 2005Q3 2005Q4

$2,714 $4,523 $5,297 $3,229 -$294 $4,577 $4,631 $5,176 $3,681 $7,157 $6,956 $4,627 $8,821

$2,714 $4,523 $5,297 $3,229 -$294 $4,577 $4,631 $5,176 $3,681 $7,157 $6,956 $4,627 $8,821

$3,101 $3,086 $3,017 $3,135 $2,812 $2,569 $2,645 $2,844 $2,543 $2,635 $2,770 $2,661 $2,794

-$388 $1,437 $2,281 $95 -$3,107 $2,008 $1,986 $2,332 $1,138 $4,522 $4,186 $1,966 $6,028

$17,110 $20,910 $12,448 $12,443 $17,613 $13,262 $13,472 $16,764 $8,891 $19,326 $17,749 $23,145 $13,063

$17,110 $20,910 $12,448 $12,443 $17,613 $13,262 $13,472 $16,764 $8,891 $19,326 $17,749 $23,145 $13,063

$2,220 $2,243 $2,402 $2,324 $2,167 $2,264 $2,276 $2,383 $2,482 $2,683 $2,664 $2,715 $2,643

$14,891 $18,667 $10,045 $10,119 $15,446 $10,999 $11,196 $14,381 $6,409 $16,643 $15,085 $20,430 $10,421

$13,901 $13,669 $17,684 $12,727 $16,823 $17,086 $19,499 $18,072 $17,130 $16,229 $18,739 $18,497 $18,515

$13,901 $13,669 $17,684 $12,727 $16,823 $17,086 $19,499 $18,072 $17,130 $16,229 $18,739 $18,497 $18,515

$4,555 $4,421 $4,293 $4,432 $4,605 $4,476 $4,447 $4,437 $4,335 $4,456 $4,358 $4,452 $4,470

$9,345 $9,248 $13,391 $8,295 $12,218 $12,610 $15,052 $13,635 $12,796 $11,773 $14,381 $14,045 $14,045

-$484 $213 $465 $44 -$505 $1,561 $3,013 $3,715 $3,636 $3,506 $2,986 $2,706 $2,959

-$484 $213 $465 $44 -$505 $1,561 $3,013 $3,715 $3,636 $3,506 $2,986 $2,706 $2,959

$920 $934 $878 $801 $712 $815 $806 $787 $779 $784 $780 $734 $740

-$1,404 -$721 -$414 -$756 -$1,217 $746 $2,208 $2,928 $2,857 $2,722 $2,206 $1,972 $2,219

-$1,138 $1,303 $1,216 $1,312 $1,453 $2,173 $2,695 $2,308 $2,511 $2,279 $3,191 $2,394 $722

-$1,138 $1,303 $1,216 $1,312 $1,453 $2,173 $2,695 $2,308 $2,511 $2,279 $3,191 $2,394 $722

$793 $944 $836 $839 $808 $745 $745 $732 $715 $728 $764 $786 $795

-$1,931 $360 $380 $472 $645 $1,428 $1,950 $1,576 $1,795 $1,551 $2,427 $1,609 -$72

$12,475 $24,160 $17,667 $18,032 $22,098 $22,768 $28,977 $28,275 $33,964 $31,887 $33,566 $35,310 $39,737

$12,475 $24,160 $17,667 $18,032 $22,098 $22,768 $28,977 $28,275 $33,964 $31,887 $33,566 $35,310 $39,737

$5,694 $6,737 $6,358 $6,281 $5,883 $5,336 $5,611 $6,113 $6,270 $5,805 $5,588 $5,463 $5,877

$6,780 $17,423 $11,309 $11,751 $16,215 $17,432 $23,366 $22,162 $27,694 $26,082 $27,979 $29,847 $33,860

$2,605 $3,078 $3,879 $3,595 $3,460 $3,942 $4,561 $4,862 $3,295 $3,761 $3,899 $4,582 $2,115

$2,605 $3,078 $3,879 $3,595 $3,460 $3,942 $4,561 $4,862 $3,295 $3,761 $3,899 $4,582 $2,115

$2,891 $2,709 $2,700 $2,778 $2,686 $2,564 $2,577 $2,577 $2,753 $2,304 $2,144 $2,397 $2,186

-$286 $369 $1,180 $817 $774 $1,378 $1,984 $2,285 $541 $1,457 $1,756 $2,185 -$71

$4,895 $5,593 $7,046 $5,687 $9,019 $6,183 $6,107 $7,911 $11,096 $5,844 $5,796 $5,938 $7,724

$4,895 $5,593 $7,046 $5,687 $9,019 $6,183 $6,107 $7,911 $11,096 $5,844 $5,796 $5,938 $7,724

$1,870 $1,741 $1,707 $1,710 $1,739 $1,677 $1,864 $1,640 $1,882 $1,753 $1,707 $1,736 $1,884

$3,025 $3,853 $5,339 $3,977 $7,281 $4,505 $4,243 $6,271 $9,215 $4,091 $4,089 $4,202 $5,840
1

ind_item

chem_After-tax cash flow (ATCF)

chem_After-tax cash flow (ATCF) - Adjusted

chem_Depreciation, depletion, and amortization or property, plant, and equipment

chem_Income (or loss) after income taxes

pharma_After-tax cash flow (ATCF)

pharma_After-tax cash flow (ATCF) - Adjusted

pharma_Depreciation, depletion, and amortization or property, plant, and equipment

pharma_Income (or loss) after income taxes

foodbev_After-tax cash flow (ATCF)

foodbev_After-tax cash flow (ATCF) - Adjusted

foodbev_Depreciation, depletion, and amortization or property, plant, and equipment

foodbev_Income (or loss) after income taxes

ironsteel_After-tax cash flow (ATCF)

ironsteel_After-tax cash flow (ATCF) - Adjusted

ironsteel_Depreciation, depletion, and 

amortization or property, plant, and equipment

ironsteel_Income (or loss) after income taxes

nonfermet_After-tax cash flow (ATCF)

nonfermet_After-tax cash flow (ATCF) - 

Adjusted

nonfermet_Depreciation, depletion, and 

amortization or property, plant, and equipment

nonfermet_Income (or loss) after income taxes

petrol_After-tax cash flow (ATCF)

petrol_After-tax cash flow (ATCF) - Adjusted

petrol_Depreciation, depletion, and amortization 

or property, plant, and equipment

petrol_Income (or loss) after income taxes

paper_After-tax cash flow (ATCF)

paper_After-tax cash flow (ATCF) - Adjusted

paper_Depreciation, depletion, and amortization 

or property, plant, and equipment

paper_Income (or loss) after income taxes

otherchem_After-tax cash flow (ATCF)

otherchem_After-tax cash flow (ATCF) - 

Adjusted

otherchem_Depreciation, depletion, and 

amortization or property, plant, and equipment

otherchem_Income (or loss) after income taxes

76 77 78 79 80 81 82 83 84 85 86 87

ANNUAL ESTIMATES

2006Q1 2006Q2 2006Q3 2006Q4 2007Q1 2007Q2 2007Q3 2007Q4 2008Q1 2008Q2 2008Q3 2008Q4

$6,546 $7,697 $6,732 $7,270 $7,150 $6,366 $6,165 $5,148 $6,532 $6,079 $4,725 -$7,465

$6,546 $7,697 $6,732 $7,270 $7,150 $6,366 $6,165 $5,148 $6,532 $6,079 $4,725 -$7,465

$2,594 $2,587 $2,606 $2,955 $2,814 $2,844 $2,990 $2,832 $2,807 $2,771 $2,778 $3,079

$3,952 $5,111 $4,126 $4,315 $4,336 $3,522 $3,175 $2,316 $3,725 $3,308 $1,947 -$10,544

$27,625 $17,942 $21,170 $16,621 $24,562 $21,783 $21,152 $14,599 $23,941 $24,595 $24,036 $13,769

$27,625 $17,942 $21,170 $16,621 $24,562 $21,783 $21,152 $14,599 $23,941 $24,595 $24,036 $13,769

$2,824 $2,819 $2,776 $2,791 $2,851 $2,962 $3,189 $3,259 $3,111 $2,938 $2,896 $2,908

$24,801 $15,124 $18,394 $13,830 $21,711 $18,821 $17,964 $11,340 $20,831 $21,657 $21,140 $10,860

$17,569 $19,980 $20,195 $17,742 $17,888 $21,696 $21,370 $23,368 $19,816 $15,546 $20,145 $12,573

$17,569 $19,980 $20,195 $17,742 $17,888 $21,696 $21,370 $23,368 $19,816 $15,546 $20,145 $12,573

$4,372 $4,418 $4,295 $4,296 $4,410 $4,661 $4,269 $4,121 $4,320 $4,420 $4,193 $4,384

$13,197 $15,562 $15,900 $13,446 $13,478 $17,035 $17,101 $19,247 $15,495 $11,126 $15,952 $8,188

$3,579 $4,088 $4,170 $2,907 $3,208 $3,541 $3,200 $2,635 $3,312 $4,465 $4,973 -$257

$3,579 $4,088 $4,170 $2,907 $3,208 $3,541 $3,200 $2,635 $3,312 $4,465 $4,973 -$257

$762 $762 $777 $816 $795 $817 $822 $850 $814 $894 $920 $981

$2,817 $3,326 $3,393 $2,091 $2,413 $2,724 $2,378 $1,785 $2,499 $3,571 $4,053 -$1,237

$2,691 $3,454 $3,594 $4,021 $3,771 $4,092 $3,691 $3,669 $4,964 $4,425 $2,678 -$20,024

$2,691 $3,454 $3,594 $4,021 $3,771 $4,092 $3,691 $3,669 $4,964 $4,425 $2,678 -$20,024

$778 $879 $848 $899 $730 $904 $923 $825 $914 $973 $899 $962

$1,913 $2,575 $2,747 $3,122 $3,042 $3,188 $2,768 $2,844 $4,051 $3,452 $1,779 -$20,985

$34,599 $44,005 $43,204 $33,489 $35,322 $40,529 $35,074 $36,507 $36,862 $44,125 $52,250 -$16,297

$34,599 $44,005 $43,204 $33,489 $35,322 $40,529 $35,074 $36,507 $36,862 $44,125 $52,250 -$16,297

$5,210 $5,872 $6,036 $6,623 $5,991 $6,302 $6,526 $7,157 $5,591 $6,799 $6,045 $7,278

$29,390 $38,133 $37,168 $26,866 $29,332 $34,227 $28,548 $29,350 $31,270 $37,326 $46,205 -$23,575

$1,931 $4,007 $3,341 $5,816 $3,289 $2,891 $3,531 $4,384 $2,610 $2,677 $3,310 -$4,115

$1,931 $4,007 $3,341 $5,816 $3,289 $2,891 $3,531 $4,384 $2,610 $2,677 $3,310 -$4,115

$1,878 $2,021 $2,067 $1,894 $1,903 $1,955 $1,945 $1,927 $1,874 $1,801 $1,730 $1,797

$53 $1,986 $1,274 $3,922 $1,386 $936 $1,586 $2,457 $736 $875 $1,579 -$5,912

$6,900 $7,468 $7,656 $7,953 $7,695 $9,731 $8,518 $9,998 $8,996 $11,390 $10,516 $8,239

$6,900 $7,468 $7,656 $7,953 $7,695 $9,731 $8,518 $9,998 $8,996 $11,390 $10,516 $8,239

$1,702 $1,699 $1,585 $1,654 $1,522 $1,727 $1,598 $1,659 $1,590 $1,731 $1,681 $1,621

$5,198 $5,769 $6,071 $6,299 $6,173 $8,005 $6,920 $8,339 $7,406 $9,659 $8,835 $6,618
1

ind_item

chem_After-tax cash flow (ATCF)

chem_After-tax cash flow (ATCF) - Adjusted

chem_Depreciation, depletion, and amortization or property, plant, and equipment

chem_Income (or loss) after income taxes

pharma_After-tax cash flow (ATCF)

pharma_After-tax cash flow (ATCF) - Adjusted

pharma_Depreciation, depletion, and amortization or property, plant, and equipment

pharma_Income (or loss) after income taxes

foodbev_After-tax cash flow (ATCF)

foodbev_After-tax cash flow (ATCF) - Adjusted

foodbev_Depreciation, depletion, and amortization or property, plant, and equipment

foodbev_Income (or loss) after income taxes

ironsteel_After-tax cash flow (ATCF)

ironsteel_After-tax cash flow (ATCF) - Adjusted

ironsteel_Depreciation, depletion, and 

amortization or property, plant, and equipment

ironsteel_Income (or loss) after income taxes

nonfermet_After-tax cash flow (ATCF)

nonfermet_After-tax cash flow (ATCF) - 

Adjusted

nonfermet_Depreciation, depletion, and 

amortization or property, plant, and equipment

nonfermet_Income (or loss) after income taxes

petrol_After-tax cash flow (ATCF)

petrol_After-tax cash flow (ATCF) - Adjusted

petrol_Depreciation, depletion, and amortization 

or property, plant, and equipment

petrol_Income (or loss) after income taxes

paper_After-tax cash flow (ATCF)

paper_After-tax cash flow (ATCF) - Adjusted

paper_Depreciation, depletion, and amortization 

or property, plant, and equipment

paper_Income (or loss) after income taxes

otherchem_After-tax cash flow (ATCF)

otherchem_After-tax cash flow (ATCF) - 

Adjusted

otherchem_Depreciation, depletion, and 

amortization or property, plant, and equipment

otherchem_Income (or loss) after income taxes

88 89 90 91 92 93 94 95 96 97 98 99 100

ANNUAL ESTIMATES

1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000

$29,921 $26,762 $23,845 $18,983 $7,841 $18,876 $25,563 $30,221 $26,403 $27,162 $24,374 $23,732 $24,692

$29,318 $26,223 $23,364 $18,601 $7,683 $18,495 $25,048 $29,613 $25,871 $26,615 $23,883 $23,254 $24,276

$11,404 $10,849 $11,215 $11,753 $12,649 $12,799 $13,197 $13,693 $13,754 $13,543 $13,302 $12,997 $12,951

$18,517 $15,913 $12,630 $7,231 -$4,808 $6,077 $12,366 $16,528 $12,649 $13,619 $11,072 $10,736 $11,740

$16,457 $16,981 $19,467 $20,412 $19,323 $20,477 $25,886 $29,078 $29,806 $31,509 $39,237 $43,010 $45,690

$16,050 $16,562 $18,987 $19,908 $18,846 $19,971 $25,247 $28,360 $29,071 $30,731 $38,269 $41,948 $44,750

$2,991 $3,351 $3,710 $3,755 $4,168 $4,508 $5,446 $5,658 $5,404 $5,871 $6,767 $7,773 $7,901

$13,465 $13,630 $15,757 $16,658 $15,155 $15,968 $20,440 $23,419 $24,402 $25,638 $32,470 $35,237 $37,790

$54,364 $46,030 $44,064 $49,350 $44,931 $42,602 $51,072 $55,729 $57,538 $56,573 $56,352 $61,592 $60,718

$50,261 $42,555 $40,738 $45,625 $41,539 $39,386 $47,217 $51,522 $53,195 $52,303 $52,099 $56,943 $57,181

$16,748 $17,041 $16,928 $17,294 $16,952 $17,876 $17,511 $18,257 $18,485 $18,052 $17,931 $18,462 $18,116

$37,617 $28,989 $27,135 $32,056 $27,978 $24,726 $33,561 $37,472 $39,053 $38,521 $38,421 $43,130 $42,602

$5,109 $6,022 $3,967 -$223 $319 $2,472 $7,850 $8,262 $6,314 $8,447 $7,171 $4,583 $3,345

$7,484 $8,821 $5,810 -$326 $468 $3,621 $11,499 $12,102 $9,248 $12,373 $10,503 $6,713 $5,401

$2,911 $2,827 $2,822 $2,707 $2,745 $2,925 $3,225 $3,362 $3,410 $3,586 $3,991 $4,310 $4,600

$2,199 $3,195 $1,144 -$2,930 -$2,425 -$453 $4,626 $4,900 $2,903 $4,861 $3,180 $273 -$1,255

$10,503 $9,618 $7,718 $5,525 $2,095 $2,941 $6,898 $11,442 $8,908 $9,088 $8,814 $8,064 $8,529

$10,398 $9,522 $7,641 $5,470 $2,074 $2,912 $6,829 $11,328 $8,820 $8,997 $8,726 $7,984 $8,461

$3,047 $3,203 $3,509 $3,985 $3,975 $3,762 $3,479 $3,467 $3,507 $3,732 $3,830 $3,736 $3,689

$7,456 $6,416 $4,209 $1,540 -$1,880 -$821 $3,419 $7,976 $5,401 $5,356 $4,984 $4,328 $4,841

$74,970 $66,626 $61,753 $47,167 $34,139 $47,438 $48,887 $46,330 $63,019 $65,146 $33,024 $43,307 $80,183

$88,492 $78,643 $72,891 $55,674 $40,296 $55,994 $57,705 $54,687 $74,386 $76,896 $38,980 $51,119 $90,665

$36,486 $32,529 $31,592 $29,454 $29,202 $27,167 $26,140 $25,123 $23,414 $22,528 $21,078 $19,101 $21,440

$38,483 $34,097 $30,161 $17,712 $4,936 $20,271 $22,747 $21,207 $39,605 $42,617 $11,946 $24,207 $58,743

$23,098 $21,122 $17,686 $14,158 $13,023 $11,109 $19,621 $30,180 $22,141 $18,488 $20,515 $23,272 $23,308

$21,210 $19,396 $16,240 $13,001 $11,958 $10,201 $18,017 $27,713 $20,331 $16,977 $18,838 $21,370 $21,731

$8,449 $8,817 $9,451 $10,645 $11,150 $11,490 $11,724 $12,266 $12,642 $13,262 $13,742 $13,310 $13,206

$14,649 $12,305 $8,235 $3,513 $1,872 -$381 $7,897 $17,914 $9,499 $5,226 $6,773 $9,962 $10,102

$0 $0 $0 $0 $16,281 $8,357 $18,648 $21,354 $29,199 $27,978 $24,196 $19,862 $19,411

#DIV/0! #DIV/0! #DIV/0! #DIV/0! $18,891 $9,696 $21,637 $24,777 $33,879 $32,463 $28,074 $23,046 $21,682

$0 $0 $0 $0 $6,820 $6,624 $6,098 $6,313 $6,590 $6,465 $6,833 $7,610 $7,021

$0 $0 $0 $0 $9,462 $1,733 $12,550 $15,041 $22,609 $21,513 $17,362 $12,252 $12,390
1

ind_item

chem_After-tax cash flow (ATCF)

chem_After-tax cash flow (ATCF) - Adjusted

chem_Depreciation, depletion, and amortization or property, plant, and equipment

chem_Income (or loss) after income taxes

pharma_After-tax cash flow (ATCF)

pharma_After-tax cash flow (ATCF) - Adjusted

pharma_Depreciation, depletion, and amortization or property, plant, and equipment

pharma_Income (or loss) after income taxes

foodbev_After-tax cash flow (ATCF)

foodbev_After-tax cash flow (ATCF) - Adjusted

foodbev_Depreciation, depletion, and amortization or property, plant, and equipment

foodbev_Income (or loss) after income taxes

ironsteel_After-tax cash flow (ATCF)

ironsteel_After-tax cash flow (ATCF) - Adjusted

ironsteel_Depreciation, depletion, and 

amortization or property, plant, and equipment

ironsteel_Income (or loss) after income taxes

nonfermet_After-tax cash flow (ATCF)

nonfermet_After-tax cash flow (ATCF) - 

Adjusted

nonfermet_Depreciation, depletion, and 

amortization or property, plant, and equipment

nonfermet_Income (or loss) after income taxes

petrol_After-tax cash flow (ATCF)

petrol_After-tax cash flow (ATCF) - Adjusted

petrol_Depreciation, depletion, and amortization 

or property, plant, and equipment

petrol_Income (or loss) after income taxes

paper_After-tax cash flow (ATCF)

paper_After-tax cash flow (ATCF) - Adjusted

paper_Depreciation, depletion, and amortization 

or property, plant, and equipment

paper_Income (or loss) after income taxes

otherchem_After-tax cash flow (ATCF)

otherchem_After-tax cash flow (ATCF) - 

Adjusted

otherchem_Depreciation, depletion, and 

amortization or property, plant, and equipment

otherchem_Income (or loss) after income taxes

101 102 103 104 105 106 107 108

2001 2002 2003 2004 2005 2006 2007 2008

$14,924 $15,936 $12,755 $18,065 $27,561 $28,246 $24,829 $9,871

$14,924 $15,936 $12,755 $18,065 $27,561 $28,246 $24,829 $9,871

$13,334 $12,503 $12,050 $10,602 $10,860 $10,742 $11,480 $11,435

$1,590 $3,433 $706 $7,463 $16,702 $17,504 $13,349 -$1,564

$58,488 $53,595 $63,413 $52,390 $73,283 $83,359 $82,096 $86,341

$58,488 $53,595 $63,413 $52,390 $73,283 $83,359 $82,096 $86,341

$8,220 $8,632 $9,136 $9,405 $10,705 $11,209 $12,261 $11,853

$50,268 $44,962 $54,277 $42,985 $62,578 $72,149 $69,835 $74,488

$52,216 $64,935 $60,903 $71,787 $71,980 $75,486 $84,322 $68,080

$52,216 $64,935 $60,903 $71,787 $71,980 $75,486 $84,322 $68,080

$17,655 $17,441 $17,751 $17,694 $17,736 $17,380 $17,461 $17,318

$34,560 $47,493 $43,152 $54,092 $54,244 $58,106 $66,860 $50,762

-$2,406 $1,662 $217 $11,925 $12,158 $14,744 $12,584 $12,494

-$2,406 $1,662 $217 $11,925 $12,158 $14,744 $12,584 $12,494

$4,317 $3,789 $3,326 $3,187 $3,039 $3,117 $3,284 $3,609

-$6,724 -$2,127 -$3,108 $8,738 $9,119 $11,627 $9,300 $8,885

$6,010 $2,286 $5,285 $9,686 $8,587 $13,761 $15,224 -$7,957

$6,010 $2,286 $5,285 $9,686 $8,587 $13,761 $15,224 -$7,957

$3,720 $3,501 $3,427 $2,937 $3,073 $3,405 $3,382 $3,747

$2,290 -$1,215 $1,857 $6,749 $5,514 $10,356 $11,842 -$11,704

$71,632 $49,572 $81,957 $113,985 $140,500 $155,297 $147,433 $116,939

$71,632 $49,572 $81,957 $113,985 $140,500 $155,297 $147,433 $116,939

$23,259 $23,679 $25,259 $23,330 $22,732 $23,740 $25,975 $25,714

$48,373 $25,893 $56,697 $90,655 $117,767 $131,557 $121,457 $91,225

$12,973 $14,742 $14,013 $16,661 $14,357 $15,095 $14,095 $4,481

$12,973 $14,742 $14,013 $16,661 $14,357 $15,095 $14,095 $4,481

$11,881 $11,688 $10,872 $10,472 $9,031 $7,861 $7,730 $7,202

$1,093 $3,054 $3,140 $6,189 $5,327 $7,234 $6,365 -$2,722

$15,003 $23,164 $27,345 $31,297 $25,300 $29,977 $35,942 $39,141

$15,003 $23,164 $27,345 $31,297 $25,300 $29,977 $35,942 $39,141

$7,363 $7,145 $6,896 $7,063 $7,079 $6,641 $6,506 $6,623

$7,640 $16,019 $20,450 $24,234 $18,221 $23,336 $29,436 $32,518
1 2 3 4 5 6 7 8

 SIC - 2001Q3 NAICS - 2001Q4

ind_item Industry ITEM 2000Q4 2001Q1 2001Q2 2001Q3 2000Q4

ironsteel_Net sales, receipts, and operating revenues ironsteel Net sales, receipts, and operating revenues 18,606 18,040 19,442 18,478 15,295

ironsteel_Depreciation, depletion, and amortization or property, plant, and equipment ironsteel Depreciation, depletion, and amortization or property, plant, and equipment 927 946 971 980 824

ironsteel_Income (or loss) after income taxes ironsteel Income (or loss) after income taxes -1,551 -834 -1,340 -566 -1,612

nonfermet_Net sales, receipts, and operating revenues nonfermetNet sales, receipts, and operating revenues 21,532 20,256 18,763 17,088 19,466

nonfermet_Depreciation, depletion, and amortization or property, plant, and equipment nonfermetDepreciation, depletion, and amortization or property, plant, and equipment 744 768 783 775 673

nonfermet_Income (or loss) after income taxes nonfermetIncome (or loss) after income taxes 616 726 786 528 586
9 10 11 12 13 14 15 16

NAICS - 2001Q4 SIC-NAICS Adj Factors

2001Q1 2001Q2 2001Q3 2000Q4 2001Q1 2001Q2 2001Q3 4-Q Ave

14,533 15,258 14,831 0.82 0.81 0.78 0.80 0.80

827 828 806 0.89 0.87 0.85 0.82 0.86

-999 -1,723 -756 1.04 1.20 1.29 1.34 1.21

18,002 16,723 15,070 0.90 0.89 0.89 0.88 0.89

672 687 709 0.90 0.88 0.88 0.91 0.89

744 817 464 0.95 1.02 1.04 0.88 0.97
1 2 3 4 5 6 7

SIC - Excel

ind_item Industry ITEM 1988Q1 1988Q2 1988Q3 1988Q4

chem_After-Tax Cash Flow (ATCF) chem After-Tax Cash Flow (ATCF) 3,983 4,455 4,313 3,621

chem_Depreciation, depletion, and amortization 

or property, plant, and equipment chem Depreciation, depletion, and amortization or property, plant, and equipment 1,536 1,523 1,613 1,571

chem_Income (or loss) after income taxes chem Income (or loss) after income taxes 2,447 2,932 2,700 2,050

pharma_After-Tax Cash Flow (ATCF) pharma After-Tax Cash Flow (ATCF) 2,695 1,894 1,830 2,586

pharma_Depreciation, depletion, and 

amortization or property, plant, and equipment pharma Depreciation, depletion, and amortization or property, plant, and equipment 384 409 429 416

pharma_Income (or loss) after income taxes pharma Income (or loss) after income taxes 2,311 1,485 1,401 2,170

foodbev_After-Tax Cash Flow (ATCF) foodbev After-Tax Cash Flow (ATCF) 6,633 8,317 7,702 7,109

foodbev_Depreciation, depletion, and 

amortization or property, plant, and equipment foodbev

Depreciation, depletion, and amortization 

or property, plant, and equipment 2,182 2,281 2,326 2,381

foodbev_Income (or loss) after income taxes foodbev Income (or loss) after income taxes 4,451 6,036 5,376 4,728

food_After-Tax Cash Flow (ATCF) food After-Tax Cash Flow (ATCF) 0 0 0 0

food_Depreciation, depletion, and amortization 

or property, plant, and equipment food

Depreciation, depletion, and amortization 

or property, plant, and equipment

food_Income (or loss) after income taxes food Income (or loss) after income taxes

bev_After-Tax Cash Flow (ATCF) bev After-Tax Cash Flow (ATCF) 0 0 0 0

bev_Depreciation, depletion, and amortization or 

property, plant, and equipment bev

Depreciation, depletion, and amortization 

or property, plant, and equipment

bev_Income (or loss) after income taxes bev Income (or loss) after income taxes

ironsteel_After-Tax Cash Flow (ATCF) ironsteel After-Tax Cash Flow (ATCF) 833 1,281 -225 948

ironsteel_Depreciation, depletion, and 

amortization or property, plant, and equipment ironsteel

Depreciation, depletion, and amortization 

or property, plant, and equipment 465 481 470 437

ironsteel_Income (or loss) after income taxes ironsteel Income (or loss) after income taxes 368 800 -695 511

nonfermet_After-Tax Cash Flow (ATCF) nonfermet After-Tax Cash Flow (ATCF) 1,329 1,605 1,526 1,603

nonfermet_Depreciation, depletion, and 

amortization or property, plant, and equipment nonfermet

Depreciation, depletion, and amortization 

or property, plant, and equipment 476 447 449 496

nonfermet_Income (or loss) after income taxes nonfermet Income (or loss) after income taxes 853 1,158 1,077 1,107

petrol_After-Tax Cash Flow (ATCF) petrol After-Tax Cash Flow (ATCF) 9,982 9,178 10,742 11,158

petrol_Depreciation, depletion, and amortization 

or property, plant, and equipment petrol

Depreciation, depletion, and amortization 

or property, plant, and equipment 4,964 4,987 4,869 5,153

petrol_Income (or loss) after income taxes petrol Income (or loss) after income taxes 5,018 4,191 5,873 6,005

paper_After-Tax Cash Flow (ATCF) paper After-Tax Cash Flow (ATCF) 2,899 3,307 3,379 3,061

paper_Depreciation, depletion, and amortization 

or property, plant, and equipment paper

Depreciation, depletion, and amortization 

or property, plant, and equipment 1,170 1,125 1,163 1,167

paper_Income (or loss) after income taxes paper Income (or loss) after income taxes 1,729 2,182 2,216 1,894

otherchem_After-Tax Cash Flow (ATCF) otherchem After-Tax Cash Flow (ATCF) 0 0 0 0

otherchem_Depreciation, depletion, and 

amortization or property, plant, and equipment otherchem

Depreciation, depletion, and amortization 

or property, plant, and equipment 0 0 0 0

otherchem_Income (or loss) after income taxes otherchem Income (or loss) after income taxes 0 0 0 0
8 9 10 11 12 13 14 15 16

1989Q1 1989Q2 1989Q3 1989Q4 1990Q1 1990Q2 1990Q3 1990Q4 1991Q1

4,439 4,330 3,730 2,683 3,152 4,201 3,473 3,242 3,423

1,480 1,511 1,569 1,605 1,570 1,614 1,694 1,742 1,688

2,959 2,819 2,161 1,078 1,582 2,587 1,779 1,500 1,735

2,514 2,420 2,104 2,608 2,560 2,556 2,961 3,423 2,792

415 494 433 563 478 563 527 623 549

2,099 1,926 1,671 2,045 2,082 1,993 2,434 2,800 2,243

6,283 6,309 5,740 7,831 5,931 7,613 7,595 4,848 7,585

2,428 2,386 2,422 2,445 2,451 2,467 2,500 2,572 2,628

3,855 3,923 3,318 5,386 3,480 5,146 5,095 2,276 4,957

0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

948 923 880 608 788 962 795 -64 204

478 485 456 449 474 507 488 468 472

470 438 424 159 314 455 307 -532 -268

1,698 1,702 1,572 799 1,357 1,504 1,249 750 1,201

484 508 509 537 563 585 575 596 664

1,214 1,194 1,063 262 794 919 674 154 537

10,263 8,405 9,238 9,940 8,687 8,506 9,638 9,623 9,258

4,624 4,613 4,529 4,714 4,625 4,567 4,621 4,830 4,425

5,639 3,792 4,709 5,226 4,062 3,939 5,017 4,793 4,833

3,180 3,244 3,120 2,447 2,801 2,935 2,591 2,097 2,466

1,200 1,249 1,260 1,301 1,356 1,352 1,389 1,481 1,614

1,980 1,995 1,860 1,146 1,445 1,583 1,202 616 852

0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0
17 18 19 20 21 22 23 24 25 26

1991Q2 1991Q3 1991Q4 1992Q1 1992Q2 1992Q3 1992Q4 1993Q1 1993Q2 1993Q3

2,981 2,317 2,868 -3,881 3,738 3,491 1,602 3,452 3,906 2,008

1,785 1,716 1,994 1,951 1,914 1,991 2,056 1,978 1,995 2,047

1,196 601 874 -5,832 1,824 1,500 -454 1,474 1,911 -39

2,762 3,671 3,254 2,099 3,364 3,484 3,147 3,728 3,319 4,011

604 574 567 627 676 659 645 714 708 738

2,158 3,097 2,687 1,472 2,688 2,825 2,502 3,014 2,611 3,273

7,832 8,189 6,535 5,598 8,488 7,404 6,617 5,678 7,557 7,402

2,669 2,720 2,548 2,485 2,564 2,820 2,736 2,768 2,744 2,943

5,163 5,469 3,987 3,113 5,924 4,584 3,881 2,910 4,813 4,459

0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0

419 501 -682 -633 755 880 -250 -262 1,214 586

481 494 477 498 504 496 499 525 534 546

-62 7 -1159 -1131 251 384 -749 -787 680 40

1,076 935 473 -1,106 1,123 1,190 382 121 944 829

672 686 705 681 698 712 693 691 685 672

404 249 -232 -1,787 425 478 -311 -570 259 157

6,895 6,034 6,597 656 6,787 6,705 7,258 6,865 7,546 7,274

4,383 4,461 4,729 4,590 4,606 4,374 4,694 4,272 4,303 4,313

2,512 1,573 1,868 -3,934 2,181 2,331 2,564 2,593 3,243 2,961

2,406 2,494 1,272 1,209 2,620 2,449 1,872 2,514 2,671 83

1,594 1,648 1,648 1,718 1,756 1,729 1,771 1,800 1,868 1,840

812 846 -376 -509 864 720 101 714 803 -1,757

0 0 0 2,224 2,599 2,813 2,550 758 -405 2,391

0 0 0 1,077 1,088 1,050 1,050 1,019 1,086 1,044

0 0 0 1,147 1,511 1,763 1,500 -261 -1,491 1,347
27 28 29 30 31 32 33 34 35 36 37

BASED ON SIC FRAMEWORK

1993Q4 1994Q1 1994Q2 1994Q3 1994Q4 1995Q1 1995Q2 1995Q3 1995Q4 1996Q1 1996Q2

2,690 4,062 4,112 4,640 3,871 5,724 6,216 4,856 3,321 5,854 2,030

2,163 2,047 2,093 2,169 2,307 2,150 2,207 2,282 2,488 2,293 2,256

527 2,015 2,019 2,471 1,564 3,574 4,009 2,574 833 3,561 -226

2,020 4,696 3,657 4,019 4,524 4,245 4,925 5,851 4,357 4,370 5,106

722 805 867 908 976 912 983 832 1,044 885 892

1,298 3,891 2,790 3,111 3,548 3,333 3,942 5,019 3,313 3,485 4,214

6,603 8,290 7,459 8,693 8,902 8,833 9,715 9,750 8,836 9,485 9,249

2,974 2,785 2,824 2,894 2,928 2,950 3,002 3,054 3,161 3,092 3,081

3,629 5,505 4,635 5,799 5,974 5,883 6,713 6,696 5,675 6,393 6,168

0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

403 1,004 1,280 1,323 1,330 1,486 1,280 1,378 1,148 868 1,340

571 583 620 611 635 641 663 660 642 653 674

-168 421 660 712 695 845 617 718 506 215 666

261 936 1,148 1,259 1,497 2,224 2,093 1,973 1,752 1,763 1,779

645 645 630 663 605 639 648 657 643 645 665

-384 291 518 596 892 1,585 1,445 1,316 1,109 1,118 1,114

8,653 6,522 6,881 8,495 10,044 7,556 8,022 9,038 6,248 9,153 11,985

4,480 4,257 4,272 4,240 4,293 4,175 4,224 3,966 4,376 3,940 3,848

4,173 2,265 2,609 4,255 5,751 3,381 3,798 5,072 1,872 5,213 8,137

1,822 2,539 2,890 3,221 4,171 4,466 5,261 5,585 4,801 4,262 3,737

1,837 1,878 1,890 1,946 1,939 1,985 2,033 2,066 2,090 2,058 2,144

-15 661 1,000 1,275 2,232 2,481 3,228 3,519 2,711 2,204 1,593

2,619 2,476 3,126 3,436 3,140 3,242 3,535 3,899 3,556 4,236 5,071

1,086 965 999 991 1,026 995 996 1,068 1,149 1,140 1,134

1,533 1,511 2,127 2,445 2,114 2,247 2,539 2,831 2,407 3,096 3,937
38 39 40 41 42 43 44 45 46 47 48 49 50

1996Q3 1996Q4 1997Q1 1997Q2 1997Q3 1997Q4 1998Q1 1998Q2 1998Q3 1998Q4 1999Q1 1999Q2 1999Q3

5,727 4,314 5,666 6,184 4,496 2,404 5,129 4,908 3,658 3,327 4,169 4,779 4,122

2,329 2,462 2,261 2,331 2,322 2,445 2,245 2,204 2,324 2,524 2,274 2,350 2,230

3,398 1,852 3,405 3,853 2,174 -41 2,884 2,704 1,334 803 1,895 2,429 1,892

5,439 5,330 6,208 2,243 5,389 7,949 6,406 6,511 6,841 7,668 7,555 4,514 9,665

953 940 987 1,035 1,038 997 1,184 1,178 1,177 1,190 1,261 1,314 1,451

4,486 4,390 5,221 1,208 4,351 6,952 5,222 5,333 5,664 6,478 6,294 3,200 8,214

9,947 10,395 9,098 10,445 11,199 8,347 9,718 9,414 12,491 7,753 9,873 11,832 10,697

3,108 3,272 3,045 3,214 3,132 3,083 2,971 3,188 3,094 3,279 3,148 3,288 3,215

6,839 7,123 6,053 7,231 8,067 5,264 6,747 6,226 9,397 4,474 6,725 8,544 7,482

0 0 0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0 0 0

1,299 809 1,305 1,636 1,343 1,364 1,426 1,505 1,267 873 786 1,238 959

684 683 710 716 706 751 774 813 830 828 822 878 914

615 126 595 920 637 613 652 692 437 45 -36 360 45

1,511 1,378 1,798 1,932 1,759 1,197 1,866 1,537 1,783 1,387 1,431 1,637 1,642

686 671 690 722 756 720 721 732 771 774 732 720 768

825 707 1,108 1,210 1,003 477 1,145 805 1,012 613 699 917 874

10,453 11,209 11,682 11,042 10,427 11,866 7,617 6,816 8,494 118 5,322 7,274 10,264

3,929 4,183 3,811 3,689 3,788 4,282 3,649 3,709 3,615 3,757 3,369 3,293 3,367

6,524 7,026 7,871 7,353 6,639 7,584 3,968 3,107 4,879 -3,639 1,953 3,981 6,897

3,948 3,080 3,385 3,331 3,868 2,186 3,679 3,938 3,832 2,883 3,436 4,066 4,422

2,196 2,187 2,283 2,298 2,300 2,283 2,354 2,348 2,437 2,465 2,378 2,356 2,338

1,752 893 1,102 1,033 1,568 -97 1,325 1,590 1,395 418 1,058 1,710 2,084

7,029 3,487 5,438 4,629 5,593 3,666 4,704 5,022 4,739 2,432 5,225 5,389 2,358

1,109 1,091 1,067 1,117 1,063 1,221 1,112 1,199 1,197 1,268 1,313 1,423 1,292

5,920 2,396 4,371 3,512 4,530 2,445 3,592 3,823 3,542 1,164 3,912 3,966 1,066
51 52 53 54 55 56 57 58 59 60 61 62 63

BASED ON NAICS FRAMEWORK

1999Q4 2000Q1 2000Q2 2000Q3 2000Q4 2001Q1 2001Q2 2001Q3 2001Q4 2002Q1 2002Q2 2002Q3 2002Q4

3,755 5,189 5,190 4,521 2,967 2,159 2,317 1,776 4,818 2,683 3,318 3,933 2,059

2,362 2,246 2,289 2,415 2,434 2,456 2,414 2,459 2,550 2,333 2,330 2,397 2,353

1,393 2,943 2,901 2,106 533 -297 -97 -683 2,268 350 988 1,536 -294

8,780 8,720 9,926 8,892 5,532 10,790 13,023 8,563 10,948 10,903 8,908 7,570 12,981

1,487 1,375 1,463 1,440 1,446 1,511 1,481 1,482 1,616 1,528 1,579 1,709 1,684

7,293 7,345 8,463 7,452 4,086 9,279 11,542 7,081 9,332 9,375 7,329 5,861 11,297

11,278 10,717 11,393 11,755 10,117 8,851 10,151 11,601 8,082 10,372 12,373 15,599 10,546

3,442 3,310 3,316 3,285 $3,212 $3,198 $3,170 $3,383 $3,330 $3,131 $3,194 $3,352 $3,456

7,836 7,407 8,077 8,470 $6,905 $5,653 $6,981 $8,218 $4,752 $7,241 $9,179 $12,247 $7,090

0 0 0 0 5,507 4,596 4,587 5,402 4,678 5,070 5,464 6,479 5,715

2,100 2,136 2,098 2,310 2,211 1,946 2,052 2,200 2,319

3,407 2,460 2,489 3,092 2,467 3,124 3,412 4,279 3,396

0 0 0 0 4,610 4,255 5,564 6,199 3,404 5,302 6,909 9,120 4,831

1,112 1,062 1,072 1,073 1,119 1,185 1,142 1,152 1,137

3,498 3,193 4,492 5,126 2,285 4,117 5,767 7,968 3,694

731 1,363 1,157 962 -788 -172 -895 50 -768 250 687 676 -367

942 972 991 955 824 827 828 806 737 752 703 699 698

-211 391 166 7 -1,612 -999 -1,723 -756 -1,505 -502 -16 -23 -1,065

1,409 1,873 1,770 1,591 1,259 1,416 1,504 1,173 353 853 1,003 714 -863

747 745 734 760 673 672 687 709 688 669 676 688 602

662 1,128 1,036 831 586 744 817 464 -335 184 327 26 -1,465

7,868 12,393 14,522 15,081 16,123 16,284 17,606 13,134 5,978 9,012 10,375 8,467 9,464

3,516 3,296 3,652 3,753 4,844 3,677 4,540 4,316 4,705 4,538 4,302 4,665 4,320

4,352 9,097 10,870 11,328 11,279 12,607 13,066 8,818 1,273 4,474 6,073 3,802 5,144

4,585 4,929 4,736 4,270 2,932 3,061 3,099 2,805 632 2,801 3,186 3,128 1,976

2,366 2,388 2,416 2,459 2,303 2,232 2,245 2,140 2,184 2,124 2,297 2,185 2,193

2,219 2,541 2,320 1,811 629 829 854 665 -1,552 677 889 943 -217

1,084 3,284 3,495 3,458 3,829 2,902 2,742 2,962 2,507 3,365 5,859 4,499 3,714

1,368 1,264 1,260 1,142 1,421 1,345 1,396 1,361 1,353 1,294 1,325 1,342 1,419

-284 2,020 2,235 2,316 2,408 1,557 1,346 1,601 1,154 2,071 4,534 3,157 2,295
64 65 66 67 68 69 70 71 72 73 74 75 76 77 78

2003Q1 2003Q2 2003Q3 2003Q4 2004Q1 2004Q2 2004Q3 2004Q4 2005Q1 2005Q2 2005Q3 2005Q4 2006Q1 2006Q2 2006Q3

3,456 4,060 2,489 -228 3,577 3,650 4,109 2,944 5,777 5,653 3,799 7,304 5,461 6,478 5,709

2,358 2,312 2,416 2,179 2,008 2,085 2,258 2,034 2,127 2,251 2,185 2,313 2,164 2,177 2,210

1,098 1,748 73 -2,407 1,569 1,565 1,851 910 3,650 3,402 1,614 4,991 3,297 4,301 3,499

15,978 9,540 9,590 13,646 10,365 10,618 13,308 7,111 15,600 14,424 19,003 10,816 23,045 15,100 17,952

1,714 1,841 1,791 1,679 1,769 1,794 1,892 1,985 2,166 2,165 2,229 2,188 2,356 2,372 2,354

14,264 7,699 7,799 11,967 8,596 8,824 11,416 5,126 13,434 12,259 16,774 8,628 20,689 12,728 15,598

10,445 13,553 9,809 13,034 13,353 15,368 14,346 13,701 13,100 15,229 15,187 15,330 14,656 16,815 17,125

$3,378 $3,290 $3,416 $3,568 $3,498 $3,505 $3,522 $3,467 $3,597 $3,542 $3,655 $3,701 $3,647 $3,718 $3,642

$7,067 $10,263 $6,393 $9,466 $9,855 $11,863 $10,824 $10,234 $9,503 $11,687 $11,532 $11,629 $11,009 $13,097 $13,483

5,334 5,981 6,465 7,573 7,060 7,241 7,586 7,784 7,819 7,034 7,576 8,504 7,501 8,153 8,985

2,154 2,163 2,240 2,351 2,321 2,352 2,385 2,450 2,484 2,407 2,432 2,687 2,520 2,546 2,483

3,180 3,818 4,225 5,222 4,739 4,889 5,201 5,334 5,335 4,627 5,144 5,817 4,981 5,607 6,502

5,111 7,572 3,344 5,461 6,293 8,127 6,760 5,917 5,281 8,195 7,611 6,826 7,155 8,662 8,140

1,224 1,127 1,176 1,217 1,177 1,153 1,137 1,017 1,113 1,135 1,223 1,014 1,127 1,172 1,159

3,887 6,445 2,168 4,244 5,116 6,974 5,623 4,900 4,168 7,060 6,388 5,812 6,028 7,490 6,981

163 356 34 -391 1,220 2,375 2,949 2,908 2,830 2,427 2,222 2,450 2,986 3,440 3,536

714 673 617 552 637 635 625 623 633 634 603 613 636 641 659

-551 -317 -583 -943 583 1,740 2,324 2,285 2,197 1,793 1,619 1,837 2,350 2,799 2,877

996 932 1,011 1,126 1,698 2,124 1,832 2,008 1,840 2,593 1,966 598 2,245 2,907 3,048

721 641 647 626 582 587 581 572 588 621 645 658 649 740 719

275 291 364 500 1,116 1,537 1,251 1,436 1,252 1,972 1,321 -60 1,596 2,167 2,329

18,461 13,540 13,898 17,121 17,794 22,838 22,446 27,165 25,739 27,279 28,991 32,901 28,863 37,034 36,636

5,148 4,873 4,841 4,558 4,170 4,422 4,853 5,015 4,686 4,541 4,485 4,866 4,346 4,942 5,118

13,313 8,667 9,057 12,563 13,624 18,416 17,593 22,150 21,053 22,738 24,506 28,035 24,517 32,092 31,518

2,352 2,973 2,771 2,681 3,081 3,595 3,860 2,635 3,036 3,169 3,762 1,751 1,611 3,372 2,833

2,070 2,069 2,141 2,081 2,004 2,031 2,046 2,202 1,860 1,742 1,968 1,810 1,567 1,701 1,753

282 904 630 600 1,077 1,564 1,814 433 1,176 1,427 1,794 -59 44 1,671 1,080

4,274 5,400 4,383 6,988 4,832 4,813 6,280 8,875 4,717 4,710 4,875 6,395 5,756 6,285 6,492

1,330 1,308 1,318 1,347 1,311 1,469 1,302 1,505 1,415 1,387 1,425 1,560 1,420 1,430 1,344

2,944 4,092 3,065 5,641 3,521 3,344 4,978 7,370 3,302 3,323 3,450 4,835 4,336 4,855 5,148
79 80 81 82 83 84 85 86 87

2006Q4 2007Q1 2007Q2 2007Q3 2007Q4 2008Q1 2008Q2 2008Q3 2008Q4

6,192 6,154 5,515 5,363 4,505 $5,741 $5,369 $4,216 -$6,661

2,517 2,422 2,464 2,601 2,478 $2,467 $2,447 $2,479 $2,747

3,675 3,732 3,051 2,762 2,027 $3,274 $2,922 $1,737 -$9,408

14,157 21,140 18,872 18,402 12,775 $21,041 $21,723 $21,446 $12,285

2,377 2,454 2,566 2,774 2,852 $2,734 $2,595 $2,584 $2,595

11,780 18,686 16,306 15,628 9,923 $18,307 $19,128 $18,862 $9,690

15,112 15,396 18,797 18,591 20,448 $17,415 $13,731 $17,974 $11,218

$3,659 $3,796 $4,038 $3,714 $3,606 $3,797 $3,904 $3,741 $3,912

$11,453 $11,600 $14,759 $14,877 $16,842 $13,618 $9,827 $14,233 $7,306

9,931 8,290 10,784 10,388 13,232 $10,594 $10,736 $11,105 $7,818

2,602 2,648 3,013 2,699 2,713 $2,796 $2,870 $2,796 $2,861

7,329 5,642 7,771 7,689 10,519 $7,798 $7,866 $8,309 $4,957

5,181 7,106 8,013 8,203 7,216 $6,821 $2,995 $6,869 $3,400

1,057 1,148 1,025 1,015 893 $1,001 $1,034 $945 $1,051

4,124 5,958 6,988 7,188 6,323 $5,820 $1,961 $5,924 $2,349

2,476 2,761 3,068 2,784 2,306 $2,911 $3,944 $4,437 -$229

695 684 708 715 744 $715 $790 $821 $875

1,781 2,077 2,360 2,069 1,562 $2,196 $3,154 $3,616 -$1,104

3,425 3,246 3,545 3,211 3,211 $4,363 $3,908 $2,389 -$17,866

766 628 783 803 722 $803 $859 $802 $858

2,659 2,618 2,762 2,408 2,489 $3,560 $3,049 $1,587 -$18,724

28,524 30,401 35,114 30,513 31,946 $32,396 $38,972 $46,620 -$14,541

5,641 5,156 5,460 5,677 6,263 $4,914 $6,005 $5,394 $6,494

22,883 25,245 29,654 24,836 25,683 $27,482 $32,967 $41,226 -$21,035

4,954 2,831 2,505 3,072 3,836 $2,294 $2,364 $2,953 -$3,672

1,613 1,638 1,694 1,692 1,686 $1,647 $1,591 $1,544 $1,603

3,341 1,193 811 1,380 2,150 $647 $773 $1,409 -$5,275

6,774 6,623 8,431 7,410 8,749 $7,906 $10,060 $9,383 $7,351

1,409 1,310 1,496 1,390 1,452 $1,397 $1,529 $1,500 $1,446

5,365 5,313 6,935 6,020 7,297 $6,509 $8,531 $7,883 $5,905
1 2 3 4 5 6

SIC Adj Factors

ind_item Industry ITEM 2000Q3 2000Q4 2000 Q3-Q4

chem_After-Tax Cash Flow (ATCF) chem After-Tax Cash Flow (ATCF) 6,222 4,146 1.50

chem_Depreciation, depletion, and amortization or property, plant, and equipment chem Depreciation, depletion, and amortization or property, plant, and equipment 3,324 3,372 0.99

chem_Income (or loss) after income taxes chem Income (or loss) after income taxes 2,898 773.5362 3.75

pharma_After-Tax Cash Flow (ATCF) pharma After-Tax Cash Flow (ATCF) 12,238 7,765 1.58

pharma_Depreciation, depletion, and amortization or property, plant, and equipment pharma Depreciation, depletion, and amortization or property, plant, and equipment 1,982 1,991 1.00

pharma_Income (or loss) after income taxes pharma Income (or loss) after income taxes 10,256 5,775 1.78

foodbev_After-Tax Cash Flow (ATCF) foodbev After-Tax Cash Flow (ATCF) 16,178 14,982 1.08

foodbev_Depreciation, depletion, and amortization or 

property, plant, and equipment foodbev

Depreciation, depletion, and amortization or property, plant, 

and equipment 4,521 4,543 1.00

foodbev_Income (or loss) after income taxes foodbev Income (or loss) after income taxes 11,657 10,439 1.12

food_After-Tax Cash Flow (ATCF) food After-Tax Cash Flow (ATCF) 0 0

food_Depreciation, depletion, and amortization or property, 

plant, and equipment food

Depreciation, depletion, and amortization or property, plant, 

and equipment 0 0

food_Income (or loss) after income taxes food Income (or loss) after income taxes 0 0

bev_After-Tax Cash Flow (ATCF) bev After-Tax Cash Flow (ATCF) 0 0

bev_Depreciation, depletion, and amortization or property, 

plant, and equipment bev

Depreciation, depletion, and amortization or property, plant, 

and equipment 0 0

bev_Income (or loss) after income taxes bev Income (or loss) after income taxes 0 0

ironsteel_After-Tax Cash Flow (ATCF) ironsteel After-Tax Cash Flow (ATCF) 1,324 -854 -1.55

ironsteel_Depreciation, depletion, and amortization or 

property, plant, and equipment ironsteel

Depreciation, depletion, and amortization or property, plant, 

and equipment 1,314 1269.147 1.04

ironsteel_Income (or loss) after income taxes ironsteel Income (or loss) after income taxes 10 -2,123 0.00

nonfermet_After-Tax Cash Flow (ATCF) nonfermet After-Tax Cash Flow (ATCF) 2,190 1,862 1.18

nonfermet_Depreciation, depletion, and amortization or 

property, plant, and equipment nonfermet

Depreciation, depletion, and amortization or property, plant, 

and equipment 1,046 1018.603 1.03

nonfermet_Income (or loss) after income taxes nonfermet Income (or loss) after income taxes 1,144 843.3598 1.36

petrol_After-Tax Cash Flow (ATCF) petrol After-Tax Cash Flow (ATCF) 4,759 4,288 1.11

petrol_Depreciation, depletion, and amortization or property, 

plant, and equipment petrol

Depreciation, depletion, and amortization or property, plant, 

and equipment 1,572 1,696 0.93

petrol_Income (or loss) after income taxes petrol Income (or loss) after income taxes 3,188 2,592 1.23

paper_After-Tax Cash Flow (ATCF) paper After-Tax Cash Flow (ATCF) 5,877 4,372 1.34

paper_Depreciation, depletion, and amortization or property, 

plant, and equipment paper

Depreciation, depletion, and amortization or property, plant, 

and equipment 3,384 3,326 1.02

paper_Income (or loss) after income taxes paper Income (or loss) after income taxes 2,492 1045.985 2.38

otherchem_After-Tax Cash Flow (ATCF) otherchem After-Tax Cash Flow (ATCF) 4,368 4,147 1.05

otherchem_Depreciation, depletion, and amortization or 

property, plant, and equipment otherchem

Depreciation, depletion, and amortization or property, plant, 

and equipment 1,496 1,620 0.92

otherchem_Income (or loss) after income taxes otherchem Income (or loss) after income taxes 2,872 2,527 1.14
1 2 3 4 5

SIC

ind_item Industry ITEM 2000Q3 2000Q4

chem_After-Tax Cash Flow (ATCF) chem After-Tax Cash Flow (ATCF) 4,521 3,028

chem_Depreciation, depletion, and amortization or property, 

plant, and equipment chem

Depreciation, depletion, and amortization or 

property, plant, and equipment 2,415 2,463

chem_Income (or loss) after income taxes chem Income (or loss) after income taxes 2,106 565

pharma_After-Tax Cash Flow (ATCF) pharma After-Tax Cash Flow (ATCF) 8,892 5,672

pharma_Depreciation, depletion, and amortization or property, 

plant, and equipment pharma

Depreciation, depletion, and amortization or 

property, plant, and equipment 1,440 1,454

pharma_Income (or loss) after income taxes pharma Income (or loss) after income taxes 7,452 4,218

foodbev_After-Tax Cash Flow (ATCF) foodbev After-Tax Cash Flow (ATCF) 11,755 10,943

foodbev_Depreciation, depletion, and amortization or property, 

plant, and equipment foodbev

Depreciation, depletion, and amortization or 

property, plant, and equipment 3,285 3,318

foodbev_Income (or loss) after income taxes foodbev Income (or loss) after income taxes 8,470 7,625

food_After-Tax Cash Flow (ATCF) food After-Tax Cash Flow (ATCF) 0 0

food_Depreciation, depletion, and amortization or property, plant, 

and equipment food

Depreciation, depletion, and amortization or 

property, plant, and equipment

food_Income (or loss) after income taxes food Income (or loss) after income taxes

bev_After-Tax Cash Flow (ATCF) bev After-Tax Cash Flow (ATCF) 0 0

bev_Depreciation, depletion, and amortization or property, plant, 

and equipment bev

Depreciation, depletion, and amortization or 

property, plant, and equipment

bev_Income (or loss) after income taxes bev Income (or loss) after income taxes

ironsteel_After-Tax Cash Flow (ATCF) ironsteel After-Tax Cash Flow (ATCF) 962 -624

ironsteel_Depreciation, depletion, and amortization or property, 

plant, and equipment ironsteel

Depreciation, depletion, and amortization or 

property, plant, and equipment 955 927

ironsteel_Income (or loss) after income taxes ironsteel Income (or loss) after income taxes 7 -1,551

nonfermet_After-Tax Cash Flow (ATCF) nonfermet After-Tax Cash Flow (ATCF) 1,591 1,360

nonfermet_Depreciation, depletion, and amortization or property, 

plant, and equipment nonfermet

Depreciation, depletion, and amortization or 

property, plant, and equipment 760 744

nonfermet_Income (or loss) after income taxes nonfermet Income (or loss) after income taxes 831 616

petrol_After-Tax Cash Flow (ATCF) petrol After-Tax Cash Flow (ATCF) 3,458 3,132

petrol_Depreciation, depletion, and amortization or property, 

plant, and equipment petrol

Depreciation, depletion, and amortization or 

property, plant, and equipment 1,142 1,239

petrol_Income (or loss) after income taxes petrol Income (or loss) after income taxes 2,316 1,893

paper_After-Tax Cash Flow (ATCF) paper After-Tax Cash Flow (ATCF) 4,270 3,193

paper_Depreciation, depletion, and amortization or property, 

plant, and equipment paper

Depreciation, depletion, and amortization or 

property, plant, and equipment 2,459 2,429

paper_Income (or loss) after income taxes paper Income (or loss) after income taxes 1,811 764

otherchem_After-Tax Cash Flow (ATCF) otherchem After-Tax Cash Flow (ATCF) 3,174 3,029

otherchem_Depreciation, depletion, and amortization or property, 

plant, and equipment otherchem

Depreciation, depletion, and amortization or 

property, plant, and equipment 1,087 1,183

otherchem_Income (or loss) after income taxes otherchem Income (or loss) after income taxes 2,087 1,846
GDP Deflator Adjustment Factors

1988Q1 GDP_Adj_1988Q1_2008 1.853556929

1988Q2 GDP_Adj_1988Q2_2008 1.836309881

1988Q3 GDP_Adj_1988Q3_2008 1.815816811

1988Q4 GDP_Adj_1988Q4_2008 1.802150379

1989Q1 GDP_Adj_1989Q1_2008 1.781967261

1989Q2 GDP_Adj_1989Q2_2008 1.764594751

1989Q3 GDP_Adj_1989Q3_2008 1.753091196

1989Q4 GDP_Adj_1989Q4_2008 1.741563118

1990Q1 GDP_Adj_1990Q1_2008 1.720768993

1990Q2 GDP_Adj_1990Q2_2008 1.701032934

1990Q3 GDP_Adj_1990Q3_2008 1.685520642

1990Q4 GDP_Adj_1990Q4_2008 1.672091943

1991Q1 GDP_Adj_1991Q1_2008 1.654300123

1991Q2 GDP_Adj_1991Q2_2008 1.642596322

1991Q3 GDP_Adj_1991Q3_2008 1.629927134

1991Q4 GDP_Adj_1991Q4_2008 1.620515198

1992Q1 GDP_Adj_1992Q1_2008 1.612315355

1992Q2 GDP_Adj_1992Q2_2008 1.602412321

1992Q3 GDP_Adj_1992Q3_2008 1.594996937

1992Q4 GDP_Adj_1992Q4_2008 1.585982968

1993Q1 GDP_Adj_1993Q1_2008 1.576562299

1993Q2 GDP_Adj_1993Q2_2008 1.567895539

1993Q3 GDP_Adj_1993Q3_2008 1.560695927

1993Q4 GDP_Adj_1993Q4_2008 1.552182572

1994Q1 GDP_Adj_1994Q1_2008 1.544053808

1994Q2 GDP_Adj_1994Q2_2008 1.536742819

1994Q3 GDP_Adj_1994Q3_2008 1.527667491

1994Q4 GDP_Adj_1994Q4_2008 1.519830574

1995Q1 GDP_Adj_1995Q1_2008 1.511158592

1995Q2 GDP_Adj_1995Q2_2008 1.504487999

1995Q3 GDP_Adj_1995Q3_2008 1.497454412

1995Q4 GDP_Adj_1995Q4_2008 1.489887367

1996Q1 GDP_Adj_1996Q1_2008 1.481319613

1996Q2 GDP_Adj_1996Q2_2008 1.475674176

1996Q3 GDP_Adj_1996Q3_2008 1.471008307

1996Q4 GDP_Adj_1996Q4_2008 1.462935508

1997Q1 GDP_Adj_1997Q1_2008 1.453533542

1997Q2 GDP_Adj_1997Q2_2008 1.450157037

1997Q3 GDP_Adj_1997Q3_2008 1.445121591

1997Q4 GDP_Adj_1997Q4_2008 1.439799016

1998Q1 GDP_Adj_1998Q1_2008 1.437380323

1998Q2 GDP_Adj_1998Q2_2008 1.433943911

1998Q3 GDP_Adj_1998Q3_2008 1.428469693

1998Q4 GDP_Adj_1998Q4_2008 1.424179994

1999Q1 GDP_Adj_1999Q1_2008 1.417842824

1999Q2 GDP_Adj_1999Q2_2008 1.412865754

1999Q3 GDP_Adj_1999Q3_2008 1.407631954

1999Q4 GDP_Adj_1999Q4_2008 1.402694027

2000Q1 GDP_Adj_2000Q1_2008 1.39162231

2000Q2 GDP_Adj_2000Q2_2008 1.384598846

2000Q3 GDP_Adj_2000Q3_2008 1.376297763

2000Q4 GDP_Adj_2000Q4_2008 1.369090645

2001Q1 GDP_Adj_2001Q1_2008 1.359839518

2001Q2 GDP_Adj_2001Q2_2008 1.350667844

2001Q3 GDP_Adj_2001Q3_2008 1.346446728

2001Q4 GDP_Adj_2001Q4_2008 1.342354993

2002Q1 GDP_Adj_2002Q1_2008 1.337688179

2002Q2 GDP_Adj_2002Q2_2008 1.331689903

2002Q3 GDP_Adj_2002Q3_2008 1.325874474
GDP Deflator Adjustment Factors

2002Q4 GDP_Adj_2002Q4_2008 1.318104451

2003Q1 GDP_Adj_2003Q1_2008 1.308687003

2003Q2 GDP_Adj_2003Q2_2008 1.304779474

2003Q3 GDP_Adj_2003Q3_2008 1.297474126

2003Q4 GDP_Adj_2003Q4_2008 1.290699269

2004Q1 GDP_Adj_2004Q1_2008 1.279536946

2004Q2 GDP_Adj_2004Q2_2008 1.268802821

2004Q3 GDP_Adj_2004Q3_2008 1.259711112

2004Q4 GDP_Adj_2004Q4_2008 1.250301445

2005Q1 GDP_Adj_2005Q1_2008 1.238857502

2005Q2 GDP_Adj_2005Q2_2008 1.230485328

2005Q3 GDP_Adj_2005Q3_2008 1.217955226

2005Q4 GDP_Adj_2005Q4_2008 1.207760416

2006Q1 GDP_Adj_2006Q1_2008 1.198744012

2006Q2 GDP_Adj_2006Q2_2008 1.18824352

2006Q3 GDP_Adj_2006Q3_2008 1.179276379

2006Q4 GDP_Adj_2006Q4_2008 1.174048629

2007Q1 GDP_Adj_2007Q1_2008 1.161874466

2007Q2 GDP_Adj_2007Q2_2008 1.154224209

2007Q3 GDP_Adj_2007Q3_2008 1.149464053

2007Q4 GDP_Adj_2007Q4_2008 1.142786427

2008Q1 GDP_Adj_2008Q1_2008 1.137844775

2008Q2 GDP_Adj_2008Q2_2008 1.132211828

2008Q3 GDP_Adj_2008Q3_2008 1.120772726

2008Q4 GDP_Adj_2008Q4_2008 1.120772726