Main takeaways:
  • Numbers below are for nonfinancial domestic corporate.
  • After tax profits are $953bn (+1.8% yoy).
  • Nonfinancial domestic corporate net cash flow has increased recently to $1.7tn (+2.4% yoy).
  • The profit measure more closely associated with S&P500 reported earnings ticked down in 3Q15, but is up by 5.6% since last year.

Charts below are for Nonfinancial Domestic Corporate sector -- the ones in "A closer look at US corporate profits and cash flow (updated with Q3 2015 results)" are for total US corporate sector.

Total nonfinancial domestic profits from current production currently at $1.3tn.

Below total nonfinancial domestic profits from current production after taxes.

Out of the $0.96tn $0.94tn in after tax profits, 60% 61.6% is dividends and 40% 38.4% ($390bn $358bn) is saved.

It is also possible to calculate cash flow -- which is undistributed profits puls depreciation less (net) transfers. It is a measure of internal funds available for investment.

The national accounts also provide a measure of profits after tax without IVA and CCAdj. This is the measure often used in comparisons with the S&P measures of reported earnings.