Profits from current production (corporate profits with inventory valuation and capital consumption adjustments) increased $57.3 billion in the second quarter, compared with an increase of $19.0 billion in the first quarter.
Current-production cash flow (net cash flow with inventory valuation adjustment) -- the internal funds available to corporations for investment -- increased $83.8 billion in the second quarter, compared with an increase of $21.1 billion in the first.
By Bob DeMarco
All American Investor
Taxes on corporate income decreased $3.0 billion in the second quarter, in contrast to an increase of $17.6 billion in the first. Profits after tax with inventory valuation and capital consumption adjustments increased $60.3 billion in the second quarter, compared with an increase of $1.4 billion in the first.
Dividends increased $13.6 billion compared with an increase of $19.0 billion; current-production undistributed profits increased $46.7 billion, in contrast to a decrease of $17.6 billion.
Original content Bob DeMarco, All American Investor
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