Undist Profits
Undistributed profits surged after passage of the TCJA: Undistributed domestic corporate profits as a percent of domestic corporate gross value added, 2002Q2–2018Q3
| Quarter | Undistributed profits as a percent of corporate gross value added |
|---|---|
| 2002Q2 | 3.2% |
| 2002Q3 | 3.7% |
| 2002Q4 | 4.0% |
| 2003Q1 | 4.4% |
| 2003Q2 | 3.5% |
| 2003Q3 | 4.2% |
| 2003Q4 | 3.8% |
| 2004Q1 | 4.4% |
| 2004Q2 | 4.8% |
| 2004Q3 | 5.0% |
| 2004Q4 | 2.9% |
| 2005Q1 | 5.1% |
| 2005Q2 | 6.0% |
| 2005Q3 | 8.0% |
| 2005Q4 | 9.7% |
| 2006Q1 | 4.7% |
| 2006Q2 | 4.4% |
| 2006Q3 | 3.9% |
| 2006Q4 | 2.0% |
| 2007Q1 | 1.7% |
| 2007Q2 | 2.1% |
| 2007Q3 | 0.7% |
| 2007Q4 | -0.1% |
| 2008Q1 | 0.2% |
| 2008Q2 | -0.1% |
| 2008Q3 | 0.4% |
| 2008Q4 | -1.5% |
| 2009Q1 | 1.9% |
| 2009Q2 | 3.1% |
| 2009Q3 | 5.7% |
| 2009Q4 | 6.1% |
| 2010Q1 | 6.3% |
| 2010Q2 | 6.3% |
| 2010Q3 | 7.2% |
| 2010Q4 | 6.8% |
| 2011Q1 | 4.5% |
| 2011Q2 | 5.7% |
| 2011Q3 | 5.9% |
| 2011Q4 | 6.6% |
| 2012Q1 | 6.3% |
| 2012Q2 | 6.2% |
| 2012Q3 | 5.8% |
| 2012Q4 | 3.1% |
| 2013Q1 | 5.5% |
| 2013Q2 | 3.2% |
| 2013Q3 | 3.8% |
| 2013Q4 | 3.6% |
| 2014Q1 | 2.7% |
| 2014Q2 | 3.8% |
| 2014Q3 | 4.3% |
| 2014Q4 | 4.0% |
| 2015Q1 | 3.0% |
| 2015Q2 | 3.1% |
| 2015Q3 | 2.6% |
| 2015Q4 | 1.1% |
| 2016Q1 | 1.8% |
| 2016Q2 | 2.1% |
| 2016Q3 | 2.1% |
| 2016Q4 | 2.2% |
| 2017Q1 | 2.3% |
| 2017Q2 | 2.2% |
| 2017Q3 | 3.1% |
| 2017Q4 | 2.6% |
| 2018Q1 | 13.7% |
| 2018Q2 | 9.3% |
| 2018Q3 | 7.2% |
Source: EPI analysis of data from table 1.14 from the National Income and Product Accounts (NIPA) from the Bureau of Economic Analysis (BEA).
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