Table 7. Direct Investment: Income, Capital, Royalties and License Fees, and Other Private Services [Millions of dollars] Line (Credits +; debits-) 2008 2009 (p) U.S. direct investment abroad: 1 Income (table 1, line 14) 370,747 301,842 2 Earnings 362,737 295,193 3 Distributed earnings 111,231 91,747 4 Reinvested earnings 251,506 203,446 5 Reinvested earnings without current-cost adjustment 231,290 183,796 6 Current-cost adjustment 20,216 19,650 7 Interest 8,010 6,650 8 U.S. parents' receipts 12,109 10,031 9 U.S. parents' payments -4,099 -3,382 10 Income without current-cost adjustment 350,531 282,192 11 Manufacturing 64,012 42,428 12 Wholesale trade 27,421 22,587 13 Finance (including depository institutions) and insurance 38,750 31,269 14 Holding companies, except bank holding companies 141,810 126,552 15 Other 78,538 59,357 16 Earnings without current-cost adjustment (line 2 less line 6) 342,521 275,543 17 Manufacturing 63,035 41,759 18 Wholesale trade 27,103 22,293 19 Finance (including depository institutions) and insurance 38,257 31,074 20 Holding companies, except bank holding companies 138,859 123,858 21 Other 75,267 56,558 22 Interest 8,010 6,650 23 Manufacturing 977 669 24 Wholesale trade 318 293 25 Finance (including depository institutions) and insurance 493 195 26 Holding companies, except bank holding companies 2,951 2,693 27 Other 3,272 2,799 28 Capital (table 1, line 51) -332,012 -220,972 29 Equity capital -90,246 -24,942 30 Increases in equity capital -132,695 -60,296 31 Decreases in equity capital 42,449 35,354 32 Reinvested earnings (line 4 with sign reversed) -251,506 -203,446 33 Intercompany debt 9,740 7,416 34 U.S. parents' receivables -1,467 3,799 35 U.S. parents' payables 11,207 3,616 36 Capital without current-cost adjustment -311,796 -201,322 37 Manufacturing -44,980 -37,004 38 Wholesale trade -29,874 -23,093 39 Finance (including depository institutions) and insurance -47,770 -5,757 40 Holding companies, except bank holding companies -123,806 -78,057 41 Other -65,365 -57,411 42 Equity capital -90,246 -24,942 43 Manufacturing -8,381 -5,487 44 Wholesale trade -1,048 -723 45 Finance (including depository institutions) and insurance -35,650 90 46 Holding companies, except bank holding companies -19,053 -12,658 47 Other -26,114 -6,164 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -231,290 -183,796 49 Manufacturing -48,628 -26,851 50 Wholesale trade -22,973 -19,189 51 Finance (including depository institutions) and insurance -12,282 -6,754 52 Holding companies, except bank holding companies -92,015 -88,439 53 Other -55,393 -42,563 54 Intercompany debt 9,740 7,416 55 Manufacturing 12,028 -4,666 56 Wholesale trade -5,854 -3,182 57 Finance (including depository institutions) and insurance (2) 163 907 58 Holding companies, except bank holding companies -12,738 23,041 59 Other 16,141 -8,684 60 Royalties and license fees, net 52,229 46,998 61 U.S. parents' receipts (table 1, part of line 9) 56,055 50,653 62 U.S. parents' payments (table 1, part of line 26) -3,826 -3,655 63 Other private services, net 8,948 11,156 64 U.S. parents' receipts (table 1, part of line 10) 50,668 50,868 65 U.S. parents' payments (table 1, part of line 27) -41,720 -39,712 Foreign direct investment in the United States: 66 Income (table 1, line 31) -120,862 -95,045 67 Earnings -96,844 -69,970 68 Distributed earnings -42,245 -44,404 69 Reinvested earnings -54,599 -25,566 70 Reinvested earnings without current-cost adjustment -50,974 -22,002 71 Current-cost adjustment -3,625 -3,564 72 Interest -24,017 -25,076 73 U.S. affiliates' payments -30,176 -30,059 74 U.S. affiliates' receipts 6,159 4,983 75 Income without current-cost adjustment -117,237 -91,481 76 Manufacturing, -43,681 -29,930 77 Wholesale trade -22,446 -10,119 78 Finance (including depository institutions) and insurance -10,547 -17,465 79 Other -40,563 -33,967 80 Earnings without current-cost adjustment (line 67 less line 71) -93,219 -66,406 81 Manufacturing -34,593 -19,632 82 Wholesale trade -21,287 -8,467 83 Finance (including depository institutions) and insurance -8,329 -15,267 84 Other -29,011 -23,040 85 Interest -24,017 -25,076 86 Manufacturing -9,088 -10,298 87 Wholesale trade -1,159 -1,652 88 Finance (including depository institutions) and insurance -2,218 -2,199 89 Other -11,553 -10,927 90 Capital (table 1, line 64) 319,737 152,086 91 Equity capital 250,183 92,516 92 Increases in equity capital 288,156 109,051 93 Decreases in equity capital -37,973 -16,535 94 Reinvested earnings (line 69 with sign reversed) 54,599 25,566 95 Intercompany debt 14,954 34,004 96 U.S. affiliates' payables 17,273 14,488 97 U.S. affiliates' receivables -2,319 19,516 98 Capital without current-cost adjustment 316,112 148,522 99 Manufacturing, 91,008 29,194 100 Wholesale trade 44,768 10,836 101 Finance (including depository institutions) and insurance 104,918 43,250 102 Other 75,418 65,242 103 Equity capital 250,183 92,516 104 Manufacturing 99,334 26,508 105 Wholesale trade 25,174 5,700 106 Finance (including depository institutions) and insurance 85,463 32,967 107 Other 40,213 27,340 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 50,974 22,002 109 Manufacturing 13,732 3,970 110 Wholesale trade 18,305 -6,969 111 Finance (including depository institutions) and insurance -608 6,720 112 Other 19,546 18,280 113 Intercompany debt 14,954 34,004 114 Manufacturing -22,058 -1,284 115 Wholesale trade 1,290 12,105 116 Finance (including depository institutions) and insurance 20,064 3,562 117 Other 15,659 19,621 118 Royalties and license fees, net -10,407 -9,178 119 U.S. affiliates' payments (table 1, pan of line 26) -14,699 -13,186 120 U.S. affiliates' receipts (table 1, part of line 9) 4,292 4,008 121 Other private services, net 4,841 4,857 122 U.S. affiliates' payments (table 1, part of line 27) -19,042 -19,953 123 U.S. affiliates' receipts (table 1, part of line 10) 23,883 24,809 Not seasonally adjusted Line (Credits +; debits-) 2008 I II U.S. direct investment abroad: 1 Income (table 1, line 14) 97,256 102,871 2 Earnings 95,302 100,800 3 Distributed earnings 24,083 28,786 4 Reinvested earnings 71,219 72,015 5 Reinvested earnings without current-cost adjustment 66,143 66,945 6 Current-cost adjustment 5,076 5,070 7 Interest 1,954 2,071 8 U.S. parents' receipts 2,955 3,074 9 U.S. parents' payments -1,001 -1,003 10 Income without current-cost adjustment 92,180 97,801 11 Manufacturing 17,637 18,741 12 Wholesale trade 6,750 7,334 13 Finance (including depository institutions) and insurance 10,816 12,267 14 Holding companies, except bank holding companies 35,898 37,717 15 Other 21,079 21,742 16 Earnings without current-cost adjustment (line 2 less line 6) 90,226 95,730 17 Manufacturing 17,390 18,493 18 Wholesale trade 6,674 7,278 19 Finance (including depository institutions) and insurance 10,695 12,144 20 Holding companies, except bank holding companies 35,204 36,931 21 Other 20,264 20,884 22 Interest 1,954 2,071 23 Manufacturing 247 248 24 Wholesale trade 77 56 25 Finance (including depository institutions) and insurance 121 123 26 Holding companies, except bank holding companies 695 786 27 Other 815 858 28 Capital (table 1, line 51) -97,240 -106,903 29 Equity capital -24,671 -16,476 30 Increases in equity capital -31,247 -24,695 31 Decreases in equity capital 6,577 8,218 32 Reinvested earnings (line 4 with sign reversed) -71,219 -72,015 33 Intercompany debt -1,350 -18,412 34 U.S. parents' receivables -17,856 -23,364 35 U.S. parents' payables 16,506 4,953 36 Capital without current-cost adjustment -92,164 -101,833 37 Manufacturing -8,216 -21,696 38 Wholesale trade -9,454 -7,759 39 Finance (including depository institutions) and insurance -17,032 -15,676 40 Holding companies, except bank holding companies -36,436 -42,955 41 Other -21,026 -13,748 42 Equity capital -24,671 -16,476 43 Manufacturing -1,802 -1,986 44 Wholesale trade -719 173 45 Finance (including depository institutions) and insurance -11,585 -2,750 46 Holding companies, except bank holding companies -2,162 -7,990 47 Other -8,403 -3,924 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -66,143 -66,945 49 Manufacturing -15,325 -15,179 50 Wholesale trade -6,065 -6,578 51 Finance (including depository institutions) and insurance -6,428 -2,666 52 Holding companies, except bank holding companies -23,772 -26,363 53 Other -14,552 -16,159 54 Intercompany debt -1,350 -18,412 55 Manufacturing 8,911 3,531 56 Wholesale trade -2,670 -1,354 57 Finance (including depository institutions) and insurance (2) 981 -10,260 58 Holding companies, except bank holding companies -10,502 -8,603 59 Other 1,929 6,335 60 Royalties and license fees, net 13,141 13,517 61 U.S. parents' receipts (table 1, part of line 9) 13,914 14,393 62 U.S. parents' payments (table 1, part of line 26) -773 -876 63 Other private services, net 2,472 1,524 64 U.S. parents' receipts (table 1, part of line 10) 11,638 12,496 65 U.S. parents' payments (table 1, part of line 27) -9,166 -10,972 Foreign direct investment in the United States: 66 Income (table 1, line 31) -25,889 -41,603 67 Earnings -20,201 -36,357 68 Distributed earnings -9,166 -7,825 69 Reinvested earnings -11,035 -28,531 70 Reinvested earnings without current-cost adjustment -10,077 -27,618 71 Current-cost adjustment -958 -913 72 Interest -5,689 -5,247 73 U.S. affiliates' payments -7,370 -6,903 74 U.S. affiliates' receipts 1,681 1,657 75 Income without current-cost adjustment -24,931 -40,690 76 Manufacturing, -8,635 -13,340 77 Wholesale trade -6,315 -6,605 78 Finance (including depository institutions) and insurance -1,735 -8,069 79 Other -8,246 -12,678 80 Earnings without current-cost adjustment (line 67 less line 71) -19,243 -35,444 81 Manufacturing -6,604 -11,296 82 Wholesale trade -6,056 -6,400 83 Finance (including depository institutions) and insurance -1,199 -7,589 84 Other -5,385 -10,159 85 Interest -5,689 -5,247 86 Manufacturing -2,032 -2,044 87 Wholesale trade -259 -205 88 Finance (including depository institutions) and insurance -536 -479 89 Other -2,861 -2,519 90 Capital (table 1, line 64) 58,783 102,908 91 Equity capital 42,203 44,227 92 Increases in equity capital 53,933 52,865 93 Decreases in equity capital -11,730 -8,638 94 Reinvested earnings (line 69 with sign reversed) 11,035 28,531 95 Intercompany debt 5,545 30,150 96 U.S. affiliates' payables 2,337 34,976 97 U.S. affiliates' receivables 3,208 -4,826 98 Capital without current-cost adjustment 57,825 101,995 99 Manufacturing, -798 9,929 100 Wholesale trade 10,821 31,143 101 Finance (including depository institutions) and insurance 28,374 26,547 102 Other 19,428 34,377 103 Equity capital 42,203 44,227 104 Manufacturing 5,853 12,421 105 Wholesale trade 458 11,233 106 Finance (including depository institutions) and insurance 24,028 15,716 107 Other 11,864 4,858 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 10,077 27,618 109 Manufacturing 4,392 6,353 110 Wholesale trade 5,675 6,014 111 Finance (including depository institutions) and insurance -1,462 5,927 112 Other 1,472 9,325 113 Intercompany debt 5,545 30,150 114 Manufacturing -11,044 -8,845 115 Wholesale trade 4,688 13,896 116 Finance (including depository institutions) and insurance 5,809 4,904 117 Other 6,091 20,195 118 Royalties and license fees, net -2,923 -2,764 119 U.S. affiliates' payments (table 1, pan of line 26) -3,856 -3,803 120 U.S. affiliates' receipts (table 1, part of line 9) 932 1,039 121 Other private services, net 856 1,486 122 U.S. affiliates' payments (table 1, part of line 27) -4,389 -4,572 123 U.S. affiliates' receipts (table 1, part of line 10) 5,245 6,057 Not seasonally adjusted Line (Credits +; debits-) 2008 III IV U.S. direct investment abroad: 1 Income (table 1, line 14) 95,752 74,868 2 Earnings 93,734 72,900 3 Distributed earnings 22,007 36,356 4 Reinvested earnings 71,727 36,545 5 Reinvested earnings without current-cost adjustment 66,676 31,526 6 Current-cost adjustment 5,051 5,019 7 Interest 2,018 1,967 8 U.S. parents' receipts 3,076 3,004 9 U.S. parents' payments -1,058 -1,037 10 Income without current-cost adjustment 90,701 69,849 11 Manufacturing 17,316 10,318 12 Wholesale trade 6,880 6,457 13 Finance (including depository institutions) and insurance 9,414 6,252 14 Holding companies, except bank holding companies 36,114 32,081 15 Other 20,977 14,741 16 Earnings without current-cost adjustment (line 2 less line 6) 88,683 67,881 17 Manufacturing 17,090 10,062 18 Wholesale trade 6,793 6,358 19 Finance (including depository institutions) and insurance 9,274 6,144 20 Holding companies, except bank holding companies 35,348 31,376 21 Other 20,178 13,941 22 Interest 2,018 1,967 23 Manufacturing 226 256 24 Wholesale trade 87 99 25 Finance (including depository institutions) and insurance 141 108 26 Holding companies, except bank holding companies 766 704 27 Other 799 800 28 Capital (table 1, line 51) -60,870 -66,999 29 Equity capital -9,500 -39,599 30 Increases in equity capital -19,815 -56,938 31 Decreases in equity capital 10,315 17,339 32 Reinvested earnings (line 4 with sign reversed) -71,727 -36,545 33 Intercompany debt 20,357 9,144 34 U.S. parents' receivables 11,139 28,614 35 U.S. parents' payables 9,218 -19,470 36 Capital without current-cost adjustment -55,819 -61,980 37 Manufacturing -9,068 -6,001 38 Wholesale trade 4,325 -6,337 39 Finance (including depository institutions) and insurance 857 -15,919 40 Holding companies, except bank holding companies -25,602 -18,813 41 Other -15,680 -14,911 42 Equity capital -9,500 -39,599 43 Manufacturing -948 -3,645 44 Wholesale trade 25 -527 45 Finance (including depository institutions) and insurance 787 -22,103 46 Holding companies, except bank holding companies -3,889 -5,013 47 Other -5,475 -8,311 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -6,676 -31,526 49 Manufacturing -13,102 -5,021 50 Wholesale trade -5,073 -5,256 51 Finance (including depository institutions) and insurance -4,792 1,604 52 Holding companies, except bank holding companies -27,492 -14,387 53 Other -16,216 -8,465 54 Intercompany debt 20,357 9,144 55 Manufacturing 4,982 2,665 56 Wholesale trade -1,276 -554 57 Finance (including depository institutions) and insurance (2) 4,861 4,580 58 Holding companies, except bank holding companies 5,779 587 59 Other 6,011 1,865 60 Royalties and license fees, net 12,725 12,846 61 U.S. parents' receipts (table 1, part of line 9) 13,870 13,878 62 U.S. parents' payments (table 1, part of line 26) -1,146 -1,031 63 Other private services, net 1,845 3,106 64 U.S. parents' receipts (table 1, part of line 10) 12,627 13,906 65 U.S. parents' payments (table 1, part of line 27) -10,782 -10,800 Foreign direct investment in the United States: 66 Income (table 1, line 31) -29,903 -23,466 67 Earnings -23,562 -16,725 68 Distributed earnings -6,577 -18,676 69 Reinvested earnings -16,985 1,952 70 Reinvested earnings without current-cost adjustment -16,101 2,822 71 Current-cost adjustment -884 -870 72 Interest -6,341 -6,741 73 U.S. affiliates' payments -7,758 -8,144 74 U.S. affiliates' receipts 1,418 1,403 75 Income without current-cost adjustment -29,019 -22,596 76 Manufacturing, -14,216 -7,489 77 Wholesale trade -7,023 -2,503 78 Finance (including depository institutions) and insurance 1,319 -2,061 79 Other -9,098 -10,542 80 Earnings without current-cost adjustment (line 67 less line 71) -22,678 -15,855 81 Manufacturing -11,672 -5,022 82 Wholesale trade -6,734 -2,098 83 Finance (including depository institutions) and insurance 1,872 -1,412 84 Other -6,145 -7,323 85 Interest 4,341 -6,741 86 Manufacturing -2,545 -2,467 87 Wholesale trade -290 -405 88 Finance (including depository institutions) and insurance -553 -649 89 Other -2,953 -3,220 90 Capital (table 1, line 64) 65,128 92,918 91 Equity capital 53,889 109,864 92 Increases in equity capital 61,428 119,930 93 Decreases in equity capital -7,540 -10,066 94 Reinvested earnings (line 69 with sign reversed) 16,985 -1,952 95 Intercompany debt -5,745 -14,995 96 U.S. affiliates' payables -6,355 -13,684 97 U.S. affiliates' receivables 610 -1,311 98 Capital without current-cost adjustment 64,244 92,048 99 Manufacturing, 17,608 64,269 100 Wholesale trade 8,795 -5,990 101 Finance (including depository institutions) and insurance 25,652 24,345 102 Other 12,189 9,423 103 Equity capital 53,889 109,864 104 Manufacturing 13,932 67,128 105 Wholesale trade 8,391 5,091 106 Finance (including depository institutions) and insurance 22,066 23,653 107 Other 9,500 13,992 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 16,101 -2,822 109 Manufacturing 8,390 -5,403 110 Wholesale trade 5,964 653 111 Finance (including depository institutions) and insurance -2,880 -2,193 112 Other 4,626 4,122 113 Intercompany debt -5,745 -14,995 114 Manufacturing -4,714 2,545 115 Wholesale trade -5,560 -11,734 116 Finance (including depository institutions) and insurance 6,466 2,885 117 Other -1,936 -8,691 118 Royalties and license fees, net -2,506 -2,213 119 U.S. affiliates' payments (table 1, pan of line 26) -3,589 -3,451 120 U.S. affiliates' receipts (table 1, part of line 9) 1,083 1,238 121 Other private services, net 1,147 1,352 122 U.S. affiliates' payments (table 1, part of line 27) -4,650 -5,431 123 U.S. affiliates' receipts (table 1, part of line 10) 5,798 6,783 Not seasonally adjusted Line (Credits +; debits-) 2009 I II U.S. direct investment abroad: 1 Income (table 1, line 14) 62,689 73,119 2 Earnings 60,903 71,454 3 Distributed earnings 17,502 17,549 4 Reinvested earnings 43,401 53,905 5 Reinvested earnings without current-cost adjustment 38,458 48,988 6 Current-cost adjustment 4,943 4,917 7 Interest 1,786 1,665 8 U.S. parents' receipts 2,730 2,598 9 U.S. parents' payments -944 -934 10 Income without current-cost adjustment 57,746 68,202 11 Manufacturing 6,786 10,253 12 Wholesale trade 4,455 5,639 13 Finance (including depository institutions) and insurance 6,912 7,692 14 Holding companies, except bank holding companies 27,786 30,362 15 Other 11,807 14,056 16 Earnings without current-cost adjustment (line 2 less line 6) 55,960 66,537 17 Manufacturing 6,598 10,104 18 Wholesale trade 4,382 5,768 19 Finance (including depository institutions) and insurance 6,949 7,682 20 Holding companies, except bank holding companies 26,971 29,692 21 Other 11,059 13,291 22 Interest 1,786 1,665 23 Manufacturing 188 149 24 Wholesale trade 72 71 25 Finance (including depository institutions) and insurance -37 9 26 Holding companies, except bank holding companies 814 669 27 Other 749 766 28 Capital (table 1, line 51) -46,539 -50,967 29 Equity capital -3,705 1,386 30 Increases in equity capital -13,990 -14,307 31 Decreases in equity capital 10,285 15,693 32 Reinvested earnings (line 4 with sign reversed) -43,401 -53,905 33 Intercompany debt 567 1,553 34 U.S. parents' receivables 13,199 -5,468 35 U.S. parents' payables -12,632 7,020 36 Capital without current-cost adjustment -41,596 -46,050 37 Manufacturing -3,562 -15,128 38 Wholesale trade -2,569 -6,679 39 Finance (including depository institutions) and insurance -2,882 8,975 40 Holding companies, except bank holding companies -19,773 -16,441 41 Other -12,810 -16,776 42 Equity capital -3,705 1,386 43 Manufacturing -464 -225 44 Wholesale trade -252 78 45 Finance (including depository institutions) and insurance 718 5,454 46 Holding companies, except bank holding companies -3,662 -2,129 47 Other -46 -1,792 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -38,458 -48,988 49 Manufacturing -4,536 -7,106 50 Wholesale trade -3,866 -4,805 51 Finance (including depository institutions) and insurance 993 -4,557 52 Holding companies, except bank holding companies -22,663 -22,506 53 Other -8,386 -10,015 54 Intercompany debt 567 1,553 55 Manufacturing 1,438 -7,797 56 Wholesale trade 1,548 -1,952 57 Finance (including depository institutions) and insurance (2) -4,593 8,077 58 Holding companies, except bank holding companies 6,552 8,195 59 Other -4,378 -4,970 60 Royalties and license fees, net 9,955 11,123 61 U.S. parents' receipts (table 1, part of line 9) 10,957 12,079 62 U.S. parents' payments (table 1, part of line 26) -1,002 -956 63 Other private services, net 2,649 2,897 64 U.S. parents' receipts (table 1, part of line 10) -11,837 12,706 65 U.S. parents' payments (table 1, part of line 27) -9,188 -9,810 Foreign direct investment in the United States: 66 Income (table 1, line 31) -10,531 -25,402 67 Earnings -5,091 -19,064 68 Distributed earnings -17,898 -9,380 69 Reinvested earnings 12,808 -9,684 70 Reinvested earnings without current-cost adjustment 13,702 -8,793 71 Current-cost adjustment -894 -891 72 Interest -5,441 -6,339 73 U.S. affiliates' payments -6,791 -7,802 74 U.S. affiliates' receipts 1,350 1,463 75 Income without current-cost adjustment -9,637 -24,511 76 Manufacturing, -3,745 -6,334 77 Wholesale trade -672 -2,607 78 Finance (including depository institutions) and insurance 1,702 -6,732 79 Other -6,921 -8,839 80 Earnings without current-cost adjustment (line 67 less line 71) -4,197 -18,173 81 Manufacturing -1,821 -3,613 82 Wholesale trade -328 -2,172 83 Finance (including depository institutions) and insurance 2,072 -6,300 84 Other -4,119 -6,088 85 Interest -5,441 -6,339 86 Manufacturing -1,924 -2,721 87 Wholesale trade -344 -435 88 Finance (including depository institutions) and insurance -370 -432 89 Other -2,802 -2,751 90 Capital (table 1, line 64) 22,766 39,089 91 Equity capital 19,903 22,089 92 Increases in equity capital 23,746 24,424 93 Decreases in equity capital -3,843 -2,335 94 Reinvested earnings (line 69 with sign reversed) -12,808 9,684 95 Intercompany debt 15,671 7,316 96 U.S. affiliates' payables 19,755 4,635 97 U.S. affiliates' receivables -4,084 2,680 98 Capital without current-cost adjustment 21,872 38,198 99 Manufacturing, 1,818 7,868 100 Wholesale trade 1,502 2,635 101 Finance (including depository institutions) and insurance -4,647 20,239 102 Other 23,199 7,457 103 Equity capital 19,903 22,089 104 Manufacturing 3,642 3,702 105 Wholesale trade 1,187 1,167 106 Finance (including depository institutions) and insurance 9,093 12,898 107 Other 5,982 4,323 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) -13,702 8,793 109 Manufacturing -2,700 1,353 110 Wholesale trade -8,431 -3,154 111 Finance (including depository institutions) and insurance -5,748 5,314 112 Other 3,178 5,279 113 Intercompany debt 15,671 7,316 114 Manufacturing 876 2,813 115 Wholesale trade 8,746 4,622 116 Finance (including depository institutions) and insurance -7,991 2,027 117 Other 14,040 -2,146 118 Royalties and license fees, net -1,953 -2,223 119 U.S. affiliates' payments (table 1, pan of line 26) -2,929 -3,225 120 U.S. affiliates' receipts (table 1, part of line 9) 976 1,003 121 Other private services, net 1,055 1,316 122 U.S. affiliates' payments (table 1, part of line 27) -4,271 -4,719 123 U.S. affiliates' receipts (table 1, part of line 10) 5,327 6,035 Not seasonally adjusted Line (Credits +; debits-) 2009 III (r) IV (p) U.S. direct investment abroad: 1 Income (table 1, line 14) 80,813 85,221 2 Earnings 79,054 83,782 3 Distributed earnings 22,049 34,647 4 Reinvested earnings 57,005 49,135 5 Reinvested earnings without current-cost adjustment 52,106 44,244 6 Current-cost adjustment 4,899 4,891 7 Interest 1,760 1,439 8 U.S. parents' receipts 2,506 2,197 9 U.S. parents' payments -746 -758 10 Income without current-cost adjustment 75,914 80,330 11 Manufacturing 12,989 12,400 12 Wholesale trade 5,975 6,318 13 Finance (including depository institutions) and insurance 8,313 8,352 14 Holding companies, except bank holding companies 33,192 35,212 15 Other 15,444 18,049 16 Earnings without current-cost adjustment (line 2 less line 6) 74,155 78,891 17 Manufacturing 12,823 12,235 18 Wholesale trade 5,892 6,251 19 Finance (including depository institutions) and insurance 8,201 8,242 20 Holding companies, except bank holding companies 32,468 34,726 21 Other 14,771 17,437 22 Interest 1,760 1,439 23 Manufacturing 167 165 24 Wholesale trade 83 67 25 Finance (including depository institutions) and insurance 113 110 26 Holding companies, except bank holding companies 724 486 27 Other 673 612 28 Capital (table 1, line 51) -75,441 -48,025 29 Equity capital -10,106 -12,517 30 Increases in equity capital -12,968 -19,031 31 Decreases in equity capital 2,862 6,514 32 Reinvested earnings (line 4 with sign reversed) -57,005 -49,135 33 Intercompany debt -8,330 13,627 34 U.S. parents' receivables -14,318 10,387 35 U.S. parents' payables 5,988 3,240 36 Capital without current-cost adjustment -70,542 -43,134 37 Manufacturing -9,159 -9,155 38 Wholesale trade -7,181 -6,663 39 Finance (including depository institutions) and insurance -11,663 -187 40 Holding companies, except bank holding companies -28,949 -12,895 41 Other -13,590 -14,233 42 Equity capital -10,106 -12,517 43 Manufacturing -1,288 -3,511 44 Wholesale trade -119 -429 45 Finance (including depository institutions) and insurance -3,254 -2,828 46 Holding companies, except bank holding companies -3,553 -3,314 47 Other -1,891 -2,434 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -52,106 -44,244 49 Manufacturing -9,152 -6,057 50 Wholesale trade -5,548 4,970 51 Finance (including depository institutions) and insurance -5,253 2,064 52 Holding companies, except bank holding companies -20,651 -22,620 53 Other -11,502 -12,660 54 Intercompany debt -8,330 13,627 55 Manufacturing 1,281 413 56 Wholesale trade -1,514 -1,263 57 Finance (including depository institutions) and insurance (2) -3,155 578 58 Holding companies, except bank holding companies -4,745 13,039 59 Other -197 861 60 Royalties and license fees, net 12,637 13,283 61 U.S. parents' receipts (table 1, part of line 9) 13,475 14,141 62 U.S. parents' payments (table 1, part of line 26) -838 -858 63 Other private services, net 2,256 3,355 64 U.S. parents' receipts (table 1, part of line 10) 12,336 13,988 65 U.S. parents' payments (table 1, part of line 27) -10,081 -10,633 Foreign direct investment in the United States: 66 Income (table 1, line 31) -25,031 -34,081 67 Earnings -18,452 -27,363 68 Distributed earnings -5,431 -11,695 69 Reinvested earnings -13,021 -15,668 70 Reinvested earnings without current-cost adjustment -12,131 -14,779 71 Current-cost adjustment -890 -889 72 Interest -6,579 -6,718 73 U.S. affiliates' payments -7,636 -7,630 74 U.S. affiliates' receipts 1,057 1,113 75 Income without current-cost adjustment -24,141 -33,192 76 Manufacturing, -9,760 -10,091 77 Wholesale trade -3,804 -3,036 78 Finance (including depository institutions) and insurance -3,891 -8,544 79 Other -6,686 -11,520 80 Earnings without current-cost adjustment (line 67 less line 71) -17,562 -26,474 81 Manufacturing -7,027 -7,171 82 Wholesale trade -3,403 -2,564 83 Finance (including depository institutions) and insurance -3,193 -7,846 84 Other -3,940 -8,893 85 Interest -6,579 -6,718 86 Manufacturing -2,733 -2,920 87 Wholesale trade -401 -472 88 Finance (including depository institutions) and insurance -698 -698 89 Other -2,746 -2,627 90 Capital (table 1, line 64) 49,831 40,399 91 Equity capital 26,230 24,293 92 Increases in equity capital 30,759 30,122 93 Decreases in equity capital -4,529 -5,829 94 Reinvested earnings (line 69 with sign reversed) 13,021 15,668 95 Intercompany debt 10,580 438 96 U.S. affiliates' payables -5,592 -4,310 97 U.S. affiliates' receivables 16,172 -4,748 98 Capital without current-cost adjustment 48,941 39,510 99 Manufacturing, 16,497 3,011 100 Wholesale trade 1,595 5,104 101 Finance (including depository institutions) and insurance 13,975 13,683 102 Other 16,874 17,712 103 Equity capital 26,230 24,293 104 Manufacturing 15,252 3,912 105 Wholesale trade 803 2,543 106 Finance (including depository institutions) and insurance 4,573 6,404 107 Other 5,602 11,434 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 12,131 14,779 109 Manufacturing 3,820 1,496 110 Wholesale trade 3,211 1,405 111 Finance (including depository institutions) and insurance 1,959 5,196 112 Other 3,141 6,682 113 Intercompany debt 10,580 438 114 Manufacturing -2,576 -2,397 115 Wholesale trade -2,419 1,156 116 Finance (including depository institutions) and insurance 7,444 2,083 117 Other 8,131 -404 118 Royalties and license fees, net -2,184 -2,818 119 U.S. affiliates' payments (table 1, pan of line 26) -3,190 -3,842 120 U.S. affiliates' receipts (table 1, part of line 9) 1,005 1,023 121 Other private services, net 982 1,503 122 U.S. affiliates' payments (table 1, part of line 27) -5,037 -5,925 123 U.S. affiliates' receipts (table 1, part of line 10) 6,019 7,428 Seasonally adjusted Line (Credits +; debits-) 2008 I II U.S. direct investment abroad: 1 Income (table 1, line 14) 98,426 100,538 2 Earnings 96,473 98,467 3 Distributed earnings 32,701 29,736 4 Reinvested earnings 63,772 68,730 5 Reinvested earnings without current-cost adjustment 58,696 63,660 6 Current-cost adjustment 5,076 5,070 7 Interest 1,954 2,071 8 U.S. parents' receipts 2,955 3,074 9 U.S. parents' payments -1,001 -1,003 10 Income without current-cost adjustment 93,350 95,468 11 Manufacturing 18,244 17,709 12 Wholesale trade 7,258 7,084 13 Finance (including depository institutions) and insurance 10,871 11,215 14 Holding companies, except bank holding companies 35,898 37,717 15 Other 21,079 21,742 16 Earnings without current-cost adjustment (line 2 less line 6) 91,397 93,397 17 Manufacturing 17,997 17,461 18 Wholesale trade 7,181 7,028 19 Finance (including depository institutions) and insurance 10,750 11,092 20 Holding companies, except bank holding companies 35,204 36,931 21 Other 20,264 20,884 22 Interest 1,954 2,071 23 Manufacturing 247 248 24 Wholesale trade 77 56 25 Finance (including depository institutions) and insurance 121 123 26 Holding companies, except bank holding companies 695 786 27 Other 815 858 28 Capital (table 1, line 51) -89,792 -103,619 29 Equity capital -24,671 -16,476 30 Increases in equity capital -31,247 -24,695 31 Decreases in equity capital 6,577 8,218 32 Reinvested earnings (line 4 with sign reversed) -63,772 -68,730 33 Intercompany debt -1,350 -18,412 34 U.S. parents' receivables -17,856 -23,364 35 U.S. parents' payables 16,506 4,953 36 Capital without current-cost adjustment -84,716 -98,549 37 Manufacturing -8,234 -19,869 38 Wholesale trade -9,669 -7,470 39 Finance (including depository institutions) and insurance -16,217 -12,900 40 Holding companies, except bank holding companies -31,259 -42,707 41 Other -19,337 -15,602 42 Equity capital -24,671 -16,476 43 Manufacturing -1,802 -1,986 44 Wholesale trade -719 173 45 Finance (including depository institutions) and insurance -11,585 -2,750 46 Holding companies, except bank holding companies -2,162 -7,990 47 Other -8,403 -3,924 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -58,696 -63,660 49 Manufacturing -15,343 -13,353 50 Wholesale trade -6,281 -6,289 51 Finance (including depository institutions) and insurance -5,614 110 52 Holding companies, except bank holding companies -18,595 -26,114 53 Other -12,863 -18,014 54 Intercompany debt -1,350 -18,412 55 Manufacturing 8,911 -4,531 56 Wholesale trade -2,670 -1,354 57 Finance (including depository institutions) and insurance (2) 981 -10,260 58 Holding companies, except bank holding companies -10,502 -8,603 59 Other 1,929 6,335 60 Royalties and license fees, net 13,646 13,317 61 U.S. parents' receipts (table 1, part of line 9) 14,419 14,193 62 U.S. parents' payments (table 1, part of line 26) -773 -876 63 Other private services, net 2,121 2 64 U.S. parents' receipts (table 1, part of line 10) 12,137 12,761 65 U.S. parents' payments (table 1, part of line 27) -10,016 -10,761 Foreign direct investment in the United States: 66 Income (table 1, line 31) -27,269 -40,071 67 Earnings -21,580 -34,824 68 Distributed earnings -9,855 -8,495 69 Reinvested earnings -11,725 -26,329 70 Reinvested earnings without current-cost adjustment -10,767 -25,416 71 Current-cost adjustment -958 -913 72 Interest -5,689 -5,247 73 U.S. affiliates' payments -7,370 -6,903 74 U.S. affiliates' receipts 1,681 1,657 75 Income without current-cost adjustment -26,311 -39,158 76 Manufacturing, -10,015 -11,807 77 Wholesale trade -6,315 -6,605 78 Finance (including depository institutions) and insurance -1,735 -8,069 79 Other -8,246 -12,678 80 Earnings without current-cost adjustment (line 67 less line 71) -20,622 -33,911 81 Manufacturing -7,983 -9,763 82 Wholesale trade -6,056 -6,400 83 Finance (including depository institutions) and insurance -1,199 -7,589 84 Other -5,385 -10,159 85 Interest -5,689 -5,247 86 Manufacturing -2,032 -2,044 87 Wholesale trade -259 -205 88 Finance (including depository institutions) and insurance -536 -479 89 Other -2,861 -2,519 90 Capital (table 1, line 64) 59,473 100,706 91 Equity capital 42,203 44,227 92 Increases in equity capital 53,933 52,865 93 Decreases in equity capital -11,730 -8,638 94 Reinvested earnings (line 69 with sign reversed) 11,725 26,329 95 Intercompany debt 5,545 30,150 96 U.S. affiliates' payables 2,337 34,976 97 U.S. affiliates' receivables 3,208 -4,826 98 Capital without current-cost adjustment 58,515 99,793 99 Manufacturing, 581 8,396 100 Wholesale trade 10,821 31,143 101 Finance (including depository institutions) and insurance 28,122 26,212 102 Other 18,992 34,042 103 Equity capital 42,203 44,227 104 Manufacturing 5,853 12,421 105 Wholesale trade 458 11,233 106 Finance (including depository institutions) and insurance 24,028 15,716 107 Other 11,864 4,858 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 10,767 25,416 109 Manufacturing 5,771 4,820 110 Wholesale trade 5,675 6,014 111 Finance (including depository institutions) and insurance -1,715 5,593 112 Other 1,036 8,989 113 Intercompany debt 5,545 30,150 114 Manufacturing -11,044 -8,845 115 Wholesale trade 4,688 13,896 116 Finance (including depository institutions) and insurance 5,809 4,904 117 Other 6,091 20,195 118 Royalties and license fees, net -3,027 -2,891 119 U.S. affiliates' payments (table 1, pan of line 26) -3,960 -3,930 120 U.S. affiliates' receipts (table 1, part of line 9) 932 1,039 121 Other private services, net 1,064 1,418 122 U.S. affiliates' payments (table 1, part of line 27) -4,571 -4,737 123 U.S. affiliates' receipts (table 1, part of line 10) 5,635 6,155 Seasonally adjusted Line (Credits +; debits-) 2008 III IV U.S. direct investment abroad: 1 Income (table 1, line 14) 96,047 75,736 2 Earnings 94,029 73,769 3 Distributed earnings 29,057 19,737 4 Reinvested earnings 64,972 54,032 5 Reinvested earnings without current-cost adjustment 59,921 49,013 6 Current-cost adjustment 5,051 5,019 7 Interest 2,018 1,967 8 U.S. parents' receipts 3,076 3,004 9 U.S. parents' payments -1,058 -1,037 10 Income without current-cost adjustment 90,996 70,717 11 Manufacturing 17,429 10,630 12 Wholesale trade 7,094 5,985 13 Finance (including depository institutions) and insurance 9,382 7,281 14 Holding companies, except bank holding companies 36,114 32,081 15 Other 20,977 14,741 16 Earnings without current-cost adjustment (line 2 less line 6) 88,978 68,750 17 Manufacturing 17,203 10,373 18 Wholesale trade 7,007 5,886 19 Finance (including depository institutions) and insurance 9,242 7,173 20 Holding companies, except bank holding companies 35,348 31,376 21 Other 20,178 13,941 22 Interest 2,018 1,967 23 Manufacturing 226 256 24 Wholesale trade 87 99 25 Finance (including depository institutions) and insurance 141 108 26 Holding companies, except bank holding companies 766 704 27 Other 799 800 28 Capital (table 1, line 51) -54,115 -84,486 29 Equity capital -9,500 -39,599 30 Increases in equity capital -19,815 -56,938 31 Decreases in equity capital 10,315 17,339 32 Reinvested earnings (line 4 with sign reversed) -64,972 -54,032 33 Intercompany debt 20,357 9,144 34 U.S. parents' receivables 11,139 28,614 35 U.S. parents' payables 9,218 -19,470 36 Capital without current-cost adjustment -49,064 -79,467 37 Manufacturing -8,624 -8,253 38 Wholesale trade -6,298 -6,437 39 Finance (including depository institutions) and insurance 1,675 -20,327 40 Holding companies, except bank holding companies -22,455 -27,386 41 Other -13,362 -17,064 42 Equity capital -9,500 -39,599 43 Manufacturing -948 -3,645 44 Wholesale trade 25 -527 45 Finance (including depository institutions) and insurance 787 -22,103 46 Holding companies, except bank holding companies -3,889 -5,013 47 Other -5,475 -8,311 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -59,921 -49,013 49 Manufacturing -12,659 -7,273 50 Wholesale trade -5,046 -5,357 51 Finance (including depository institutions) and insurance -3,974 -2,805 52 Holding companies, except bank holding companies -24,345 -22,960 53 Other -13,898 -10,618 54 Intercompany debt 20,357 9,144 55 Manufacturing 4,982 2,665 56 Wholesale trade -1,276 -554 57 Finance (including depository institutions) and insurance (2) 4,861 4,580 58 Holding companies, except bank holding companies 5,779 587 59 Other 6,011 1,865 60 Royalties and license fees, net 12,843 12,424 61 U.S. parents' receipts (table 1, part of line 9) 13,988 13,455 62 U.S. parents' payments (table 1, part of line 26) -1,146 -1,031 63 Other private services, net 2,211 2,616 64 U.S. parents' receipts (table 1, part of line 10) 12,955 12,815 65 U.S. parents' payments (table 1, part of line 27) -10,744 -10,199 Foreign direct investment in the United States: 66 Income (table 1, line 31) -29,050 -24,473 67 Earnings -22,709 -17,732 68 Distributed earnings -8,097 -15,798 69 Reinvested earnings -14,612 -1,933 70 Reinvested earnings without current-cost adjustment -13,728 -1,063 71 Current-cost adjustment -884 -870 72 Interest -6,341 -6,741 73 U.S. affiliates' payments -7,758 -8,144 74 U.S. affiliates' receipts 1,418 1,403 75 Income without current-cost adjustment -28,166 -23,603 76 Manufacturing, -13,363 -8,496 77 Wholesale trade -7,023 -2,503 78 Finance (including depository institutions) and insurance 1,319 -2,061 79 Other -9,098 -10,542 80 Earnings without current-cost adjustment (line 67 less line 71) -21,825 -16,862 81 Manufacturing -10,818 -6,029 82 Wholesale trade -6,734 -2,098 83 Finance (including depository institutions) and insurance 1,872 -1,412 84 Other -6,145 -7,323 85 Interest -6,341 -6,741 86 Manufacturing -2,545 -2,467 87 Wholesale trade -290 -405 88 Finance (including depository institutions) and insurance -553 -649 89 Other -2,953 -3,220 90 Capital (table 1, line 64) 62,755 96,802 91 Equity capital 53,889 109,864 92 Increases in equity capital 61,428 119,930 93 Decreases in equity capital -7,540 -10,066 94 Reinvested earnings (line 69 with sign reversed) 14,612 1,933 95 Intercompany debt -5,745 -14,995 96 U.S. affiliates' payables -6,355 -13,684 97 U.S. affiliates' receivables 610 -1,311 98 Capital without current-cost adjustment 61,871 95,932 99 Manufacturing, 16,754 65,276 100 Wholesale trade 8,795 -5,990 101 Finance (including depository institutions) and insurance 24,761 25,823 102 Other 11,561 10,823 103 Equity capital 53,889 109,864 104 Manufacturing 13,932 67,128 105 Wholesale trade 8,391 5,091 106 Finance (including depository institutions) and insurance 22,066 23,653 107 Other 9,500 13,992 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 13,728 1,063 109 Manufacturing 7,537 -4,396 110 Wholesale trade 5,964 653 111 Finance (including depository institutions) and insurance -3,771 -715 112 Other 3,998 5,522 113 Intercompany debt -5,745 -14,995 114 Manufacturing -4,714 2,545 115 Wholesale trade -5,560 -11,734 116 Finance (including depository institutions) and insurance 6,466 2,885 117 Other -1,936 -8,691 118 Royalties and license fees, net -2,664 -1,823 119 U.S. affiliates' payments (table 1, pan of line 26) -3,747 -3,062 120 U.S. affiliates' receipts (table 1, part of line 9) 1,083 1,238 121 Other private services, net 1,329 1,031 122 U.S. affiliates' payments (table 1, part of line 27) -4,852 -4,882 123 U.S. affiliates' receipts (table 1, part of line 10) 6,180 5,913 Seasonally adjusted Line (Credits +; debits-) 2009 I (r) II (r) U.S. direct investment abroad: 1 Income (table 1, line 14) 63,079 71,476 2 Earnings 61,293 69,812 3 Distributed earnings 23,528 18,795 4 Reinvested earnings 37,765 51,016 5 Reinvested earnings without current-cost adjustment 32,822 46,099 6 Current-cost adjustment 4,943 4,917 7 Interest 1,786 1,665 8 U.S. parents' receipts 2,730 2,598 9 U.S. parents' payments -944 -934 10 Income without current-cost adjustment 58,136 66,559 11 Manufacturing 6,967 9,682 12 Wholesale trade 4,804 5,677 13 Finance (including depository institutions) and insurance 6,772 6,782 14 Holding companies, except bank holding companies 27,786 30,362 15 Other 11,807 14,056 16 Earnings without current-cost adjustment (line 2 less line 6) 56,350 64,895 17 Manufacturing 6,779 9,533 18 Wholesale trade 4,732 5,606 19 Finance (including depository institutions) and insurance 6,809 6,773 20 Holding companies, except bank holding companies 26,971 29,692 21 Other 11,059 13,291 22 Interest 1,786 1,665 23 Manufacturing 188 149 24 Wholesale trade 72 71 25 Finance (including depository institutions) and insurance -37 9 26 Holding companies, except bank holding companies 814 669 27 Other 749 766 28 Capital (table 1, line 51) 40,903 -8,078 29 Equity capital -3,705 1,386 30 Increases in equity capital -13,990 -14,307 31 Decreases in equity capital 10,285 15,693 32 Reinvested earnings (line 4 with sign reversed) -37,765 -51,016 33 Intercompany debt 567 1,553 34 U.S. parents' receivables 13,199 -5,468 35 U.S. parents' payables -12,632 7,020 36 Capital without current-cost adjustment -35,960 -43,161 37 Manufacturing -3,061 -13,692 38 Wholesale trade -2,556 -6,376 39 Finance (including depository institutions) and insurance -358 10,728 40 Holding companies, except bank holding companies -17,840 -16,014 41 Other -12,145 -17,807 42 Equity capital -3,705 1,386 43 Manufacturing -464 -225 44 Wholesale trade -252 78 45 Finance (including depository institutions) and insurance 718 5,454 46 Holding companies, except bank holding companies -3,662 -2,129 47 Other -46 -1,792 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -32,822 -46,099 49 Manufacturing -4,035 -5,670 50 Wholesale trade -3,852 -4,501 51 Finance (including depository institutions) and insurance 3,517 -2,804 52 Holding companies, except bank holding companies -20,730 -22,079 53 Other -7,721 -11,045 54 Intercompany debt 567 1,553 55 Manufacturing 1,438 -7,797 56 Wholesale trade 1,548 -1,952 57 Finance (including depository institutions) and insurance (2) -4,593 8,077 58 Holding companies, except bank holding companies 6,552 8,195 59 Other -4,378 -4,970 60 Royalties and license fees, net 10,445 10,918 61 U.S. parents' receipts (table 1, part of line 9) 11,447 11,874 62 U.S. parents' payments (table 1, part of line 26) -1,002 -956 63 Other private services, net 2,184 3,414 64 U.S. parents' receipts (table 1, part of line 10) 12,297 12,946 65 U.S. parents' payments (table 1, part of line 27) -10,113 -9,532 Foreign direct investment in the United States: 66 Income (table 1, line 31) -11,965 -23,834 67 Earnings -6,524 -17,495 68 Distributed earnings -18,074 -9,891 69 Reinvested earnings 11,549 -7,604 70 Reinvested earnings without current-cost adjustment 12,443 -6,713 71 Current-cost adjustment -894 -891 72 Interest -5,441 -6,339 73 U.S. affiliates' payments -6,791 -7,802 74 U.S. affiliates' receipts 1,350 1,463 75 Income without current-cost adjustment -11,071 -22,943 76 Manufacturing, -5,179 -4,765 77 Wholesale trade -672 -2,607 78 Finance (including depository institutions) and insurance 1,702 -6,732 79 Other -6,921 -8,839 80 Earnings without current-cost adjustment (line 67 less line 71) -5,630 -16,604 81 Manufacturing -3,255 -2,044 82 Wholesale trade -328 -2,172 83 Finance (including depository institutions) and insurance 2,072 -6,300 84 Other -4,119 -6,088 85 Interest -5,441 -6,339 86 Manufacturing -1,924 -2,721 87 Wholesale trade -344 -435 88 Finance (including depository institutions) and insurance -370 -432 89 Other -2,802 -2,751 90 Capital (table 1, line 64) 24,025 37,009 91 Equity capital 19,903 22,089 92 Increases in equity capital 23,746 24,424 93 Decreases in equity capital -3,843 -2,335 94 Reinvested earnings (line 69 with sign reversed) -11,549 7,604 95 Intercompany debt 15,671 7,316 96 U.S. affiliates' payables 19,755 4,635 97 U.S. affiliates' receivables -4,084 2,680 98 Capital without current-cost adjustment 23,131 36,118 99 Manufacturing, 3,252 6,299 100 Wholesale trade 1,502 2,635 101 Finance (including depository institutions) and insurance -4,680 20,101 102 Other 23,057 7,083 103 Equity capital 19,903 22,089 104 Manufacturing 3,642 3,702 105 Wholesale trade 1,187 1,167 106 Finance (including depository institutions) and insurance 9,093 12,898 107 Other 5,982 4,323 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) -12,443 6,713 109 Manufacturing -1,266 -216 110 Wholesale trade -8,431 -3,154 111 Finance (including depository institutions) and insurance -5,781 5,176 112 Other 3,035 4,906 113 Intercompany debt 15,671 7,316 114 Manufacturing 876 2,813 115 Wholesale trade 8,746 4,622 116 Finance (including depository institutions) and insurance -7,991 2,027 117 Other 14,040 -2,146 118 Royalties and license fees, net -2,037 -2,352 119 U.S. affiliates' payments (table 1, pan of line 26) -3,014 -3,355 120 U.S. affiliates' receipts (table 1, part of line 9) 976 1,003 121 Other private services, net 1,201 1,278 122 U.S. affiliates' payments (table 1, part of line 27) -4,526 -4,881 123 U.S. affiliates' receipts (table 1, part of line 10) 5,727 6,159 Seasonally adjusted Line (Credits +; debits-) 2009 III (r) IV (r) U.S. direct investment abroad: 1 Income (table 1, line 14) 80,810 86,477 2 Earnings 79,051 85,038 3 Distributed earnings 28,949 20,475 4 Reinvested earnings 50,102 64,563 5 Reinvested earnings without current-cost adjustment 45,203 59,672 6 Current-cost adjustment 4,899 4,891 7 Interest 1,760 1,439 8 U.S. parents' receipts 2,506 2,197 9 U.S. parents' payments -746 -758 10 Income without current-cost adjustment 75,911 81,586 11 Manufacturing 13,001 12,778 12 Wholesale trade 6,184 5,922 13 Finance (including depository institutions) and insurance 8,090 9,625 14 Holding companies, except bank holding companies 33,192 35,212 15 Other 15,444 18,049 16 Earnings without current-cost adjustment (line 2 less line 6) 74,152 80,147 17 Manufacturing 12,834 12,613 18 Wholesale trade 6,101 5,855 19 Finance (including depository institutions) and insurance 7,977 9,515 20 Holding companies, except bank holding companies 32,468 34,726 21 Other 14,771 17,437 22 Interest 1,760 1,439 23 Manufacturing 167 165 24 Wholesale trade 83 67 25 Finance (including depository institutions) and insurance 113 110 26 Holding companies, except bank holding companies 724 486 27 Other 673 612 28 Capital (table 1, line 51) -68,537 -63,453 29 Equity capital -10,106 -12,517 30 Increases in equity capital -12,968 -19,031 31 Decreases in equity capital 2,862 6,514 32 Reinvested earnings (line 4 with sign reversed) -50,102 -64,563 33 Intercompany debt -8,330 13,627 34 U.S. parents' receivables -14,318 10,387 35 U.S. parents' payables 5,988 3,240 36 Capital without current-cost adjustment -63,638 -58,562 37 Manufacturing -8,551 -11,700 38 Wholesale trade -7,306 -6,856 39 Finance (including depository institutions) and insurance -10,630 -5,496 40 Holding companies, except bank holding companies -25,507 -18,696 41 Other -11,644 -15,815 42 Equity capital -10,106 -12,517 43 Manufacturing -1,288 -3,511 44 Wholesale trade -119 -429 45 Finance (including depository institutions) and insurance -3,254 -2,828 46 Holding companies, except bank holding companies -3,553 -3,314 47 Other -1,891 -2,434 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -45,203 -59,672 49 Manufacturing -8,544 -8,602 50 Wholesale trade -5,673 -5,163 51 Finance (including depository institutions) and insurance -4,221 -3,246 52 Holding companies, except bank holding companies -17,209 -28,421 53 Other -9,556 -14,241 54 Intercompany debt -8,330 13,627 55 Manufacturing 1,281 413 56 Wholesale trade -1,514 -1,263 57 Finance (including depository institutions) and insurance (2) -3,155 578 58 Holding companies, except bank holding companies -4,745 13,039 59 Other -197 861 60 Royalties and license fees, net 12,744 12,891 61 U.S. parents' receipts (table 1, part of line 9) 13,583 13,749 62 U.S. parents' payments (table 1, part of line 26) -838 -858 63 Other private services, net 2,722 2,836 64 U.S. parents' receipts (table 1, part of line 10) 12,684 12,941 65 U.S. parents' payments (table 1, part of line 27) -9,961 -10,105 Foreign direct investment in the United States: 66 Income (table 1, line 31) -24,045 -35,202 67 Earnings -17,466 -28,485 68 Distributed earnings -6,803 -9,636 69 Reinvested earnings -10,663 -18,848 70 Reinvested earnings without current-cost adjustment -9,773 -17,959 71 Current-cost adjustment -890 -889 72 Interest -6,579 -6,718 73 U.S. affiliates' payments -7,636 -7,830 74 U.S. affiliates' receipts 1,057 1,113 75 Income without current-cost adjustment -23,155 -34,313 76 Manufacturing, -8,774 -11,213 77 Wholesale trade -3,804 -3,036 78 Finance (including depository institutions) and insurance -3,891 -8,544 79 Other -6,686 -11,520 80 Earnings without current-cost adjustment (line 67 less line 71) -16,576 -27,596 81 Manufacturing -6,040 -8,293 82 Wholesale trade -3,403 -2,564 83 Finance (including depository institutions) and insurance -3,193 -7,846 84 Other -3,940 -8,893 85 Interest -6,579 -6,718 86 Manufacturing -2,733 -2,920 87 Wholesale trade -401 -472 88 Finance (including depository institutions) and insurance -698 -698 89 Other -2,746 -2,627 90 Capital (table 1, line 64) 47,472 43,579 91 Equity capital 26,230 24,293 92 Increases in equity capital 30,759 30,122 93 Decreases in equity capital -4,529 -5,829 94 Reinvested earnings (line 69 with sign reversed) 10,663 18,848 95 Intercompany debt 10,580 438 96 U.S. affiliates' payables -5,592 -4,310 97 U.S. affiliates' receivables 16,172 4,748 98 Capital without current-cost adjustment 46,582 42,690 99 Manufacturing, 15,511 4,133 100 Wholesale trade 1,595 5,104 101 Finance (including depository institutions) and insurance 12,978 14,851 102 Other 16,499 18,602 103 Equity capital 26,230 24,293 104 Manufacturing 15,252 3,912 105 Wholesale trade 803 2,543 106 Finance (including depository institutions) and insurance 4,573 6,404 107 Other 5,602 11,434 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 9,773 17,959 109 Manufacturing 2,834 2,618 110 Wholesale trade 3,211 1,405 111 Finance (including depository institutions) and insurance 962 6,364 112 Other 2,766 7,573 113 Intercompany debt 10,580 438 114 Manufacturing -2,576 -2,397 115 Wholesale trade -2,419 1,156 116 Finance (including depository institutions) and insurance 7,444 2,083 117 Other 8,131 -404 118 Royalties and license fees, net -2,372 -2,416 119 U.S. affiliates' payments (table 1, pan of line 26) -3,378 -3,439 120 U.S. affiliates' receipts (table 1, part of line 9) 1,005 1,023 121 Other private services, net 1,168 1,213 122 U.S. affiliates' payments (table 1, part of line 27) -5,227 -5,318 123 U.S. affiliates' receipts (table 1, part of line 10) 6,395 6,531 See the footnotes on pages 60-64.
Table 7. Direct investment: income, capital, royalties and license fees, and other private services.
Weinberg, Douglas B. ; Whitaker, Erin M.
Table 7. Direct Investment: Income, Capital, Royalties and License Fees, and Other Private Services [Millions of dollars] Line (Credits +; debits-) 2008 2009 (p) U.S. direct investment abroad: 1 Income (table 1, line 14) 370,747 301,842 2 Earnings 362,737 295,193 3 Distributed earnings 111,231 91,747 4 Reinvested earnings 251,506 203,446 5 Reinvested earnings without current-cost adjustment 231,290 183,796 6 Current-cost adjustment 20,216 19,650 7 Interest 8,010 6,650 8 U.S. parents' receipts 12,109 10,031 9 U.S. parents' payments -4,099 -3,382 10 Income without current-cost adjustment 350,531 282,192 11 Manufacturing 64,012 42,428 12 Wholesale trade 27,421 22,587 13 Finance (including depository institutions) and insurance 38,750 31,269 14 Holding companies, except bank holding companies 141,810 126,552 15 Other 78,538 59,357 16 Earnings without current-cost adjustment (line 2 less line 6) 342,521 275,543 17 Manufacturing 63,035 41,759 18 Wholesale trade 27,103 22,293 19 Finance (including depository institutions) and insurance 38,257 31,074 20 Holding companies, except bank holding companies 138,859 123,858 21 Other 75,267 56,558 22 Interest 8,010 6,650 23 Manufacturing 977 669 24 Wholesale trade 318 293 25 Finance (including depository institutions) and insurance 493 195 26 Holding companies, except bank holding companies 2,951 2,693 27 Other 3,272 2,799 28 Capital (table 1, line 51) -332,012 -220,972 29 Equity capital -90,246 -24,942 30 Increases in equity capital -132,695 -60,296 31 Decreases in equity capital 42,449 35,354 32 Reinvested earnings (line 4 with sign reversed) -251,506 -203,446 33 Intercompany debt 9,740 7,416 34 U.S. parents' receivables -1,467 3,799 35 U.S. parents' payables 11,207 3,616 36 Capital without current-cost adjustment -311,796 -201,322 37 Manufacturing -44,980 -37,004 38 Wholesale trade -29,874 -23,093 39 Finance (including depository institutions) and insurance -47,770 -5,757 40 Holding companies, except bank holding companies -123,806 -78,057 41 Other -65,365 -57,411 42 Equity capital -90,246 -24,942 43 Manufacturing -8,381 -5,487 44 Wholesale trade -1,048 -723 45 Finance (including depository institutions) and insurance -35,650 90 46 Holding companies, except bank holding companies -19,053 -12,658 47 Other -26,114 -6,164 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -231,290 -183,796 49 Manufacturing -48,628 -26,851 50 Wholesale trade -22,973 -19,189 51 Finance (including depository institutions) and insurance -12,282 -6,754 52 Holding companies, except bank holding companies -92,015 -88,439 53 Other -55,393 -42,563 54 Intercompany debt 9,740 7,416 55 Manufacturing 12,028 -4,666 56 Wholesale trade -5,854 -3,182 57 Finance (including depository institutions) and insurance (2) 163 907 58 Holding companies, except bank holding companies -12,738 23,041 59 Other 16,141 -8,684 60 Royalties and license fees, net 52,229 46,998 61 U.S. parents' receipts (table 1, part of line 9) 56,055 50,653 62 U.S. parents' payments (table 1, part of line 26) -3,826 -3,655 63 Other private services, net 8,948 11,156 64 U.S. parents' receipts (table 1, part of line 10) 50,668 50,868 65 U.S. parents' payments (table 1, part of line 27) -41,720 -39,712 Foreign direct investment in the United States: 66 Income (table 1, line 31) -120,862 -95,045 67 Earnings -96,844 -69,970 68 Distributed earnings -42,245 -44,404 69 Reinvested earnings -54,599 -25,566 70 Reinvested earnings without current-cost adjustment -50,974 -22,002 71 Current-cost adjustment -3,625 -3,564 72 Interest -24,017 -25,076 73 U.S. affiliates' payments -30,176 -30,059 74 U.S. affiliates' receipts 6,159 4,983 75 Income without current-cost adjustment -117,237 -91,481 76 Manufacturing, -43,681 -29,930 77 Wholesale trade -22,446 -10,119 78 Finance (including depository institutions) and insurance -10,547 -17,465 79 Other -40,563 -33,967 80 Earnings without current-cost adjustment (line 67 less line 71) -93,219 -66,406 81 Manufacturing -34,593 -19,632 82 Wholesale trade -21,287 -8,467 83 Finance (including depository institutions) and insurance -8,329 -15,267 84 Other -29,011 -23,040 85 Interest -24,017 -25,076 86 Manufacturing -9,088 -10,298 87 Wholesale trade -1,159 -1,652 88 Finance (including depository institutions) and insurance -2,218 -2,199 89 Other -11,553 -10,927 90 Capital (table 1, line 64) 319,737 152,086 91 Equity capital 250,183 92,516 92 Increases in equity capital 288,156 109,051 93 Decreases in equity capital -37,973 -16,535 94 Reinvested earnings (line 69 with sign reversed) 54,599 25,566 95 Intercompany debt 14,954 34,004 96 U.S. affiliates' payables 17,273 14,488 97 U.S. affiliates' receivables -2,319 19,516 98 Capital without current-cost adjustment 316,112 148,522 99 Manufacturing, 91,008 29,194 100 Wholesale trade 44,768 10,836 101 Finance (including depository institutions) and insurance 104,918 43,250 102 Other 75,418 65,242 103 Equity capital 250,183 92,516 104 Manufacturing 99,334 26,508 105 Wholesale trade 25,174 5,700 106 Finance (including depository institutions) and insurance 85,463 32,967 107 Other 40,213 27,340 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 50,974 22,002 109 Manufacturing 13,732 3,970 110 Wholesale trade 18,305 -6,969 111 Finance (including depository institutions) and insurance -608 6,720 112 Other 19,546 18,280 113 Intercompany debt 14,954 34,004 114 Manufacturing -22,058 -1,284 115 Wholesale trade 1,290 12,105 116 Finance (including depository institutions) and insurance 20,064 3,562 117 Other 15,659 19,621 118 Royalties and license fees, net -10,407 -9,178 119 U.S. affiliates' payments (table 1, pan of line 26) -14,699 -13,186 120 U.S. affiliates' receipts (table 1, part of line 9) 4,292 4,008 121 Other private services, net 4,841 4,857 122 U.S. affiliates' payments (table 1, part of line 27) -19,042 -19,953 123 U.S. affiliates' receipts (table 1, part of line 10) 23,883 24,809 Not seasonally adjusted Line (Credits +; debits-) 2008 I II U.S. direct investment abroad: 1 Income (table 1, line 14) 97,256 102,871 2 Earnings 95,302 100,800 3 Distributed earnings 24,083 28,786 4 Reinvested earnings 71,219 72,015 5 Reinvested earnings without current-cost adjustment 66,143 66,945 6 Current-cost adjustment 5,076 5,070 7 Interest 1,954 2,071 8 U.S. parents' receipts 2,955 3,074 9 U.S. parents' payments -1,001 -1,003 10 Income without current-cost adjustment 92,180 97,801 11 Manufacturing 17,637 18,741 12 Wholesale trade 6,750 7,334 13 Finance (including depository institutions) and insurance 10,816 12,267 14 Holding companies, except bank holding companies 35,898 37,717 15 Other 21,079 21,742 16 Earnings without current-cost adjustment (line 2 less line 6) 90,226 95,730 17 Manufacturing 17,390 18,493 18 Wholesale trade 6,674 7,278 19 Finance (including depository institutions) and insurance 10,695 12,144 20 Holding companies, except bank holding companies 35,204 36,931 21 Other 20,264 20,884 22 Interest 1,954 2,071 23 Manufacturing 247 248 24 Wholesale trade 77 56 25 Finance (including depository institutions) and insurance 121 123 26 Holding companies, except bank holding companies 695 786 27 Other 815 858 28 Capital (table 1, line 51) -97,240 -106,903 29 Equity capital -24,671 -16,476 30 Increases in equity capital -31,247 -24,695 31 Decreases in equity capital 6,577 8,218 32 Reinvested earnings (line 4 with sign reversed) -71,219 -72,015 33 Intercompany debt -1,350 -18,412 34 U.S. parents' receivables -17,856 -23,364 35 U.S. parents' payables 16,506 4,953 36 Capital without current-cost adjustment -92,164 -101,833 37 Manufacturing -8,216 -21,696 38 Wholesale trade -9,454 -7,759 39 Finance (including depository institutions) and insurance -17,032 -15,676 40 Holding companies, except bank holding companies -36,436 -42,955 41 Other -21,026 -13,748 42 Equity capital -24,671 -16,476 43 Manufacturing -1,802 -1,986 44 Wholesale trade -719 173 45 Finance (including depository institutions) and insurance -11,585 -2,750 46 Holding companies, except bank holding companies -2,162 -7,990 47 Other -8,403 -3,924 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -66,143 -66,945 49 Manufacturing -15,325 -15,179 50 Wholesale trade -6,065 -6,578 51 Finance (including depository institutions) and insurance -6,428 -2,666 52 Holding companies, except bank holding companies -23,772 -26,363 53 Other -14,552 -16,159 54 Intercompany debt -1,350 -18,412 55 Manufacturing 8,911 3,531 56 Wholesale trade -2,670 -1,354 57 Finance (including depository institutions) and insurance (2) 981 -10,260 58 Holding companies, except bank holding companies -10,502 -8,603 59 Other 1,929 6,335 60 Royalties and license fees, net 13,141 13,517 61 U.S. parents' receipts (table 1, part of line 9) 13,914 14,393 62 U.S. parents' payments (table 1, part of line 26) -773 -876 63 Other private services, net 2,472 1,524 64 U.S. parents' receipts (table 1, part of line 10) 11,638 12,496 65 U.S. parents' payments (table 1, part of line 27) -9,166 -10,972 Foreign direct investment in the United States: 66 Income (table 1, line 31) -25,889 -41,603 67 Earnings -20,201 -36,357 68 Distributed earnings -9,166 -7,825 69 Reinvested earnings -11,035 -28,531 70 Reinvested earnings without current-cost adjustment -10,077 -27,618 71 Current-cost adjustment -958 -913 72 Interest -5,689 -5,247 73 U.S. affiliates' payments -7,370 -6,903 74 U.S. affiliates' receipts 1,681 1,657 75 Income without current-cost adjustment -24,931 -40,690 76 Manufacturing, -8,635 -13,340 77 Wholesale trade -6,315 -6,605 78 Finance (including depository institutions) and insurance -1,735 -8,069 79 Other -8,246 -12,678 80 Earnings without current-cost adjustment (line 67 less line 71) -19,243 -35,444 81 Manufacturing -6,604 -11,296 82 Wholesale trade -6,056 -6,400 83 Finance (including depository institutions) and insurance -1,199 -7,589 84 Other -5,385 -10,159 85 Interest -5,689 -5,247 86 Manufacturing -2,032 -2,044 87 Wholesale trade -259 -205 88 Finance (including depository institutions) and insurance -536 -479 89 Other -2,861 -2,519 90 Capital (table 1, line 64) 58,783 102,908 91 Equity capital 42,203 44,227 92 Increases in equity capital 53,933 52,865 93 Decreases in equity capital -11,730 -8,638 94 Reinvested earnings (line 69 with sign reversed) 11,035 28,531 95 Intercompany debt 5,545 30,150 96 U.S. affiliates' payables 2,337 34,976 97 U.S. affiliates' receivables 3,208 -4,826 98 Capital without current-cost adjustment 57,825 101,995 99 Manufacturing, -798 9,929 100 Wholesale trade 10,821 31,143 101 Finance (including depository institutions) and insurance 28,374 26,547 102 Other 19,428 34,377 103 Equity capital 42,203 44,227 104 Manufacturing 5,853 12,421 105 Wholesale trade 458 11,233 106 Finance (including depository institutions) and insurance 24,028 15,716 107 Other 11,864 4,858 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 10,077 27,618 109 Manufacturing 4,392 6,353 110 Wholesale trade 5,675 6,014 111 Finance (including depository institutions) and insurance -1,462 5,927 112 Other 1,472 9,325 113 Intercompany debt 5,545 30,150 114 Manufacturing -11,044 -8,845 115 Wholesale trade 4,688 13,896 116 Finance (including depository institutions) and insurance 5,809 4,904 117 Other 6,091 20,195 118 Royalties and license fees, net -2,923 -2,764 119 U.S. affiliates' payments (table 1, pan of line 26) -3,856 -3,803 120 U.S. affiliates' receipts (table 1, part of line 9) 932 1,039 121 Other private services, net 856 1,486 122 U.S. affiliates' payments (table 1, part of line 27) -4,389 -4,572 123 U.S. affiliates' receipts (table 1, part of line 10) 5,245 6,057 Not seasonally adjusted Line (Credits +; debits-) 2008 III IV U.S. direct investment abroad: 1 Income (table 1, line 14) 95,752 74,868 2 Earnings 93,734 72,900 3 Distributed earnings 22,007 36,356 4 Reinvested earnings 71,727 36,545 5 Reinvested earnings without current-cost adjustment 66,676 31,526 6 Current-cost adjustment 5,051 5,019 7 Interest 2,018 1,967 8 U.S. parents' receipts 3,076 3,004 9 U.S. parents' payments -1,058 -1,037 10 Income without current-cost adjustment 90,701 69,849 11 Manufacturing 17,316 10,318 12 Wholesale trade 6,880 6,457 13 Finance (including depository institutions) and insurance 9,414 6,252 14 Holding companies, except bank holding companies 36,114 32,081 15 Other 20,977 14,741 16 Earnings without current-cost adjustment (line 2 less line 6) 88,683 67,881 17 Manufacturing 17,090 10,062 18 Wholesale trade 6,793 6,358 19 Finance (including depository institutions) and insurance 9,274 6,144 20 Holding companies, except bank holding companies 35,348 31,376 21 Other 20,178 13,941 22 Interest 2,018 1,967 23 Manufacturing 226 256 24 Wholesale trade 87 99 25 Finance (including depository institutions) and insurance 141 108 26 Holding companies, except bank holding companies 766 704 27 Other 799 800 28 Capital (table 1, line 51) -60,870 -66,999 29 Equity capital -9,500 -39,599 30 Increases in equity capital -19,815 -56,938 31 Decreases in equity capital 10,315 17,339 32 Reinvested earnings (line 4 with sign reversed) -71,727 -36,545 33 Intercompany debt 20,357 9,144 34 U.S. parents' receivables 11,139 28,614 35 U.S. parents' payables 9,218 -19,470 36 Capital without current-cost adjustment -55,819 -61,980 37 Manufacturing -9,068 -6,001 38 Wholesale trade 4,325 -6,337 39 Finance (including depository institutions) and insurance 857 -15,919 40 Holding companies, except bank holding companies -25,602 -18,813 41 Other -15,680 -14,911 42 Equity capital -9,500 -39,599 43 Manufacturing -948 -3,645 44 Wholesale trade 25 -527 45 Finance (including depository institutions) and insurance 787 -22,103 46 Holding companies, except bank holding companies -3,889 -5,013 47 Other -5,475 -8,311 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -6,676 -31,526 49 Manufacturing -13,102 -5,021 50 Wholesale trade -5,073 -5,256 51 Finance (including depository institutions) and insurance -4,792 1,604 52 Holding companies, except bank holding companies -27,492 -14,387 53 Other -16,216 -8,465 54 Intercompany debt 20,357 9,144 55 Manufacturing 4,982 2,665 56 Wholesale trade -1,276 -554 57 Finance (including depository institutions) and insurance (2) 4,861 4,580 58 Holding companies, except bank holding companies 5,779 587 59 Other 6,011 1,865 60 Royalties and license fees, net 12,725 12,846 61 U.S. parents' receipts (table 1, part of line 9) 13,870 13,878 62 U.S. parents' payments (table 1, part of line 26) -1,146 -1,031 63 Other private services, net 1,845 3,106 64 U.S. parents' receipts (table 1, part of line 10) 12,627 13,906 65 U.S. parents' payments (table 1, part of line 27) -10,782 -10,800 Foreign direct investment in the United States: 66 Income (table 1, line 31) -29,903 -23,466 67 Earnings -23,562 -16,725 68 Distributed earnings -6,577 -18,676 69 Reinvested earnings -16,985 1,952 70 Reinvested earnings without current-cost adjustment -16,101 2,822 71 Current-cost adjustment -884 -870 72 Interest -6,341 -6,741 73 U.S. affiliates' payments -7,758 -8,144 74 U.S. affiliates' receipts 1,418 1,403 75 Income without current-cost adjustment -29,019 -22,596 76 Manufacturing, -14,216 -7,489 77 Wholesale trade -7,023 -2,503 78 Finance (including depository institutions) and insurance 1,319 -2,061 79 Other -9,098 -10,542 80 Earnings without current-cost adjustment (line 67 less line 71) -22,678 -15,855 81 Manufacturing -11,672 -5,022 82 Wholesale trade -6,734 -2,098 83 Finance (including depository institutions) and insurance 1,872 -1,412 84 Other -6,145 -7,323 85 Interest 4,341 -6,741 86 Manufacturing -2,545 -2,467 87 Wholesale trade -290 -405 88 Finance (including depository institutions) and insurance -553 -649 89 Other -2,953 -3,220 90 Capital (table 1, line 64) 65,128 92,918 91 Equity capital 53,889 109,864 92 Increases in equity capital 61,428 119,930 93 Decreases in equity capital -7,540 -10,066 94 Reinvested earnings (line 69 with sign reversed) 16,985 -1,952 95 Intercompany debt -5,745 -14,995 96 U.S. affiliates' payables -6,355 -13,684 97 U.S. affiliates' receivables 610 -1,311 98 Capital without current-cost adjustment 64,244 92,048 99 Manufacturing, 17,608 64,269 100 Wholesale trade 8,795 -5,990 101 Finance (including depository institutions) and insurance 25,652 24,345 102 Other 12,189 9,423 103 Equity capital 53,889 109,864 104 Manufacturing 13,932 67,128 105 Wholesale trade 8,391 5,091 106 Finance (including depository institutions) and insurance 22,066 23,653 107 Other 9,500 13,992 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 16,101 -2,822 109 Manufacturing 8,390 -5,403 110 Wholesale trade 5,964 653 111 Finance (including depository institutions) and insurance -2,880 -2,193 112 Other 4,626 4,122 113 Intercompany debt -5,745 -14,995 114 Manufacturing -4,714 2,545 115 Wholesale trade -5,560 -11,734 116 Finance (including depository institutions) and insurance 6,466 2,885 117 Other -1,936 -8,691 118 Royalties and license fees, net -2,506 -2,213 119 U.S. affiliates' payments (table 1, pan of line 26) -3,589 -3,451 120 U.S. affiliates' receipts (table 1, part of line 9) 1,083 1,238 121 Other private services, net 1,147 1,352 122 U.S. affiliates' payments (table 1, part of line 27) -4,650 -5,431 123 U.S. affiliates' receipts (table 1, part of line 10) 5,798 6,783 Not seasonally adjusted Line (Credits +; debits-) 2009 I II U.S. direct investment abroad: 1 Income (table 1, line 14) 62,689 73,119 2 Earnings 60,903 71,454 3 Distributed earnings 17,502 17,549 4 Reinvested earnings 43,401 53,905 5 Reinvested earnings without current-cost adjustment 38,458 48,988 6 Current-cost adjustment 4,943 4,917 7 Interest 1,786 1,665 8 U.S. parents' receipts 2,730 2,598 9 U.S. parents' payments -944 -934 10 Income without current-cost adjustment 57,746 68,202 11 Manufacturing 6,786 10,253 12 Wholesale trade 4,455 5,639 13 Finance (including depository institutions) and insurance 6,912 7,692 14 Holding companies, except bank holding companies 27,786 30,362 15 Other 11,807 14,056 16 Earnings without current-cost adjustment (line 2 less line 6) 55,960 66,537 17 Manufacturing 6,598 10,104 18 Wholesale trade 4,382 5,768 19 Finance (including depository institutions) and insurance 6,949 7,682 20 Holding companies, except bank holding companies 26,971 29,692 21 Other 11,059 13,291 22 Interest 1,786 1,665 23 Manufacturing 188 149 24 Wholesale trade 72 71 25 Finance (including depository institutions) and insurance -37 9 26 Holding companies, except bank holding companies 814 669 27 Other 749 766 28 Capital (table 1, line 51) -46,539 -50,967 29 Equity capital -3,705 1,386 30 Increases in equity capital -13,990 -14,307 31 Decreases in equity capital 10,285 15,693 32 Reinvested earnings (line 4 with sign reversed) -43,401 -53,905 33 Intercompany debt 567 1,553 34 U.S. parents' receivables 13,199 -5,468 35 U.S. parents' payables -12,632 7,020 36 Capital without current-cost adjustment -41,596 -46,050 37 Manufacturing -3,562 -15,128 38 Wholesale trade -2,569 -6,679 39 Finance (including depository institutions) and insurance -2,882 8,975 40 Holding companies, except bank holding companies -19,773 -16,441 41 Other -12,810 -16,776 42 Equity capital -3,705 1,386 43 Manufacturing -464 -225 44 Wholesale trade -252 78 45 Finance (including depository institutions) and insurance 718 5,454 46 Holding companies, except bank holding companies -3,662 -2,129 47 Other -46 -1,792 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -38,458 -48,988 49 Manufacturing -4,536 -7,106 50 Wholesale trade -3,866 -4,805 51 Finance (including depository institutions) and insurance 993 -4,557 52 Holding companies, except bank holding companies -22,663 -22,506 53 Other -8,386 -10,015 54 Intercompany debt 567 1,553 55 Manufacturing 1,438 -7,797 56 Wholesale trade 1,548 -1,952 57 Finance (including depository institutions) and insurance (2) -4,593 8,077 58 Holding companies, except bank holding companies 6,552 8,195 59 Other -4,378 -4,970 60 Royalties and license fees, net 9,955 11,123 61 U.S. parents' receipts (table 1, part of line 9) 10,957 12,079 62 U.S. parents' payments (table 1, part of line 26) -1,002 -956 63 Other private services, net 2,649 2,897 64 U.S. parents' receipts (table 1, part of line 10) -11,837 12,706 65 U.S. parents' payments (table 1, part of line 27) -9,188 -9,810 Foreign direct investment in the United States: 66 Income (table 1, line 31) -10,531 -25,402 67 Earnings -5,091 -19,064 68 Distributed earnings -17,898 -9,380 69 Reinvested earnings 12,808 -9,684 70 Reinvested earnings without current-cost adjustment 13,702 -8,793 71 Current-cost adjustment -894 -891 72 Interest -5,441 -6,339 73 U.S. affiliates' payments -6,791 -7,802 74 U.S. affiliates' receipts 1,350 1,463 75 Income without current-cost adjustment -9,637 -24,511 76 Manufacturing, -3,745 -6,334 77 Wholesale trade -672 -2,607 78 Finance (including depository institutions) and insurance 1,702 -6,732 79 Other -6,921 -8,839 80 Earnings without current-cost adjustment (line 67 less line 71) -4,197 -18,173 81 Manufacturing -1,821 -3,613 82 Wholesale trade -328 -2,172 83 Finance (including depository institutions) and insurance 2,072 -6,300 84 Other -4,119 -6,088 85 Interest -5,441 -6,339 86 Manufacturing -1,924 -2,721 87 Wholesale trade -344 -435 88 Finance (including depository institutions) and insurance -370 -432 89 Other -2,802 -2,751 90 Capital (table 1, line 64) 22,766 39,089 91 Equity capital 19,903 22,089 92 Increases in equity capital 23,746 24,424 93 Decreases in equity capital -3,843 -2,335 94 Reinvested earnings (line 69 with sign reversed) -12,808 9,684 95 Intercompany debt 15,671 7,316 96 U.S. affiliates' payables 19,755 4,635 97 U.S. affiliates' receivables -4,084 2,680 98 Capital without current-cost adjustment 21,872 38,198 99 Manufacturing, 1,818 7,868 100 Wholesale trade 1,502 2,635 101 Finance (including depository institutions) and insurance -4,647 20,239 102 Other 23,199 7,457 103 Equity capital 19,903 22,089 104 Manufacturing 3,642 3,702 105 Wholesale trade 1,187 1,167 106 Finance (including depository institutions) and insurance 9,093 12,898 107 Other 5,982 4,323 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) -13,702 8,793 109 Manufacturing -2,700 1,353 110 Wholesale trade -8,431 -3,154 111 Finance (including depository institutions) and insurance -5,748 5,314 112 Other 3,178 5,279 113 Intercompany debt 15,671 7,316 114 Manufacturing 876 2,813 115 Wholesale trade 8,746 4,622 116 Finance (including depository institutions) and insurance -7,991 2,027 117 Other 14,040 -2,146 118 Royalties and license fees, net -1,953 -2,223 119 U.S. affiliates' payments (table 1, pan of line 26) -2,929 -3,225 120 U.S. affiliates' receipts (table 1, part of line 9) 976 1,003 121 Other private services, net 1,055 1,316 122 U.S. affiliates' payments (table 1, part of line 27) -4,271 -4,719 123 U.S. affiliates' receipts (table 1, part of line 10) 5,327 6,035 Not seasonally adjusted Line (Credits +; debits-) 2009 III (r) IV (p) U.S. direct investment abroad: 1 Income (table 1, line 14) 80,813 85,221 2 Earnings 79,054 83,782 3 Distributed earnings 22,049 34,647 4 Reinvested earnings 57,005 49,135 5 Reinvested earnings without current-cost adjustment 52,106 44,244 6 Current-cost adjustment 4,899 4,891 7 Interest 1,760 1,439 8 U.S. parents' receipts 2,506 2,197 9 U.S. parents' payments -746 -758 10 Income without current-cost adjustment 75,914 80,330 11 Manufacturing 12,989 12,400 12 Wholesale trade 5,975 6,318 13 Finance (including depository institutions) and insurance 8,313 8,352 14 Holding companies, except bank holding companies 33,192 35,212 15 Other 15,444 18,049 16 Earnings without current-cost adjustment (line 2 less line 6) 74,155 78,891 17 Manufacturing 12,823 12,235 18 Wholesale trade 5,892 6,251 19 Finance (including depository institutions) and insurance 8,201 8,242 20 Holding companies, except bank holding companies 32,468 34,726 21 Other 14,771 17,437 22 Interest 1,760 1,439 23 Manufacturing 167 165 24 Wholesale trade 83 67 25 Finance (including depository institutions) and insurance 113 110 26 Holding companies, except bank holding companies 724 486 27 Other 673 612 28 Capital (table 1, line 51) -75,441 -48,025 29 Equity capital -10,106 -12,517 30 Increases in equity capital -12,968 -19,031 31 Decreases in equity capital 2,862 6,514 32 Reinvested earnings (line 4 with sign reversed) -57,005 -49,135 33 Intercompany debt -8,330 13,627 34 U.S. parents' receivables -14,318 10,387 35 U.S. parents' payables 5,988 3,240 36 Capital without current-cost adjustment -70,542 -43,134 37 Manufacturing -9,159 -9,155 38 Wholesale trade -7,181 -6,663 39 Finance (including depository institutions) and insurance -11,663 -187 40 Holding companies, except bank holding companies -28,949 -12,895 41 Other -13,590 -14,233 42 Equity capital -10,106 -12,517 43 Manufacturing -1,288 -3,511 44 Wholesale trade -119 -429 45 Finance (including depository institutions) and insurance -3,254 -2,828 46 Holding companies, except bank holding companies -3,553 -3,314 47 Other -1,891 -2,434 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -52,106 -44,244 49 Manufacturing -9,152 -6,057 50 Wholesale trade -5,548 4,970 51 Finance (including depository institutions) and insurance -5,253 2,064 52 Holding companies, except bank holding companies -20,651 -22,620 53 Other -11,502 -12,660 54 Intercompany debt -8,330 13,627 55 Manufacturing 1,281 413 56 Wholesale trade -1,514 -1,263 57 Finance (including depository institutions) and insurance (2) -3,155 578 58 Holding companies, except bank holding companies -4,745 13,039 59 Other -197 861 60 Royalties and license fees, net 12,637 13,283 61 U.S. parents' receipts (table 1, part of line 9) 13,475 14,141 62 U.S. parents' payments (table 1, part of line 26) -838 -858 63 Other private services, net 2,256 3,355 64 U.S. parents' receipts (table 1, part of line 10) 12,336 13,988 65 U.S. parents' payments (table 1, part of line 27) -10,081 -10,633 Foreign direct investment in the United States: 66 Income (table 1, line 31) -25,031 -34,081 67 Earnings -18,452 -27,363 68 Distributed earnings -5,431 -11,695 69 Reinvested earnings -13,021 -15,668 70 Reinvested earnings without current-cost adjustment -12,131 -14,779 71 Current-cost adjustment -890 -889 72 Interest -6,579 -6,718 73 U.S. affiliates' payments -7,636 -7,630 74 U.S. affiliates' receipts 1,057 1,113 75 Income without current-cost adjustment -24,141 -33,192 76 Manufacturing, -9,760 -10,091 77 Wholesale trade -3,804 -3,036 78 Finance (including depository institutions) and insurance -3,891 -8,544 79 Other -6,686 -11,520 80 Earnings without current-cost adjustment (line 67 less line 71) -17,562 -26,474 81 Manufacturing -7,027 -7,171 82 Wholesale trade -3,403 -2,564 83 Finance (including depository institutions) and insurance -3,193 -7,846 84 Other -3,940 -8,893 85 Interest -6,579 -6,718 86 Manufacturing -2,733 -2,920 87 Wholesale trade -401 -472 88 Finance (including depository institutions) and insurance -698 -698 89 Other -2,746 -2,627 90 Capital (table 1, line 64) 49,831 40,399 91 Equity capital 26,230 24,293 92 Increases in equity capital 30,759 30,122 93 Decreases in equity capital -4,529 -5,829 94 Reinvested earnings (line 69 with sign reversed) 13,021 15,668 95 Intercompany debt 10,580 438 96 U.S. affiliates' payables -5,592 -4,310 97 U.S. affiliates' receivables 16,172 -4,748 98 Capital without current-cost adjustment 48,941 39,510 99 Manufacturing, 16,497 3,011 100 Wholesale trade 1,595 5,104 101 Finance (including depository institutions) and insurance 13,975 13,683 102 Other 16,874 17,712 103 Equity capital 26,230 24,293 104 Manufacturing 15,252 3,912 105 Wholesale trade 803 2,543 106 Finance (including depository institutions) and insurance 4,573 6,404 107 Other 5,602 11,434 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 12,131 14,779 109 Manufacturing 3,820 1,496 110 Wholesale trade 3,211 1,405 111 Finance (including depository institutions) and insurance 1,959 5,196 112 Other 3,141 6,682 113 Intercompany debt 10,580 438 114 Manufacturing -2,576 -2,397 115 Wholesale trade -2,419 1,156 116 Finance (including depository institutions) and insurance 7,444 2,083 117 Other 8,131 -404 118 Royalties and license fees, net -2,184 -2,818 119 U.S. affiliates' payments (table 1, pan of line 26) -3,190 -3,842 120 U.S. affiliates' receipts (table 1, part of line 9) 1,005 1,023 121 Other private services, net 982 1,503 122 U.S. affiliates' payments (table 1, part of line 27) -5,037 -5,925 123 U.S. affiliates' receipts (table 1, part of line 10) 6,019 7,428 Seasonally adjusted Line (Credits +; debits-) 2008 I II U.S. direct investment abroad: 1 Income (table 1, line 14) 98,426 100,538 2 Earnings 96,473 98,467 3 Distributed earnings 32,701 29,736 4 Reinvested earnings 63,772 68,730 5 Reinvested earnings without current-cost adjustment 58,696 63,660 6 Current-cost adjustment 5,076 5,070 7 Interest 1,954 2,071 8 U.S. parents' receipts 2,955 3,074 9 U.S. parents' payments -1,001 -1,003 10 Income without current-cost adjustment 93,350 95,468 11 Manufacturing 18,244 17,709 12 Wholesale trade 7,258 7,084 13 Finance (including depository institutions) and insurance 10,871 11,215 14 Holding companies, except bank holding companies 35,898 37,717 15 Other 21,079 21,742 16 Earnings without current-cost adjustment (line 2 less line 6) 91,397 93,397 17 Manufacturing 17,997 17,461 18 Wholesale trade 7,181 7,028 19 Finance (including depository institutions) and insurance 10,750 11,092 20 Holding companies, except bank holding companies 35,204 36,931 21 Other 20,264 20,884 22 Interest 1,954 2,071 23 Manufacturing 247 248 24 Wholesale trade 77 56 25 Finance (including depository institutions) and insurance 121 123 26 Holding companies, except bank holding companies 695 786 27 Other 815 858 28 Capital (table 1, line 51) -89,792 -103,619 29 Equity capital -24,671 -16,476 30 Increases in equity capital -31,247 -24,695 31 Decreases in equity capital 6,577 8,218 32 Reinvested earnings (line 4 with sign reversed) -63,772 -68,730 33 Intercompany debt -1,350 -18,412 34 U.S. parents' receivables -17,856 -23,364 35 U.S. parents' payables 16,506 4,953 36 Capital without current-cost adjustment -84,716 -98,549 37 Manufacturing -8,234 -19,869 38 Wholesale trade -9,669 -7,470 39 Finance (including depository institutions) and insurance -16,217 -12,900 40 Holding companies, except bank holding companies -31,259 -42,707 41 Other -19,337 -15,602 42 Equity capital -24,671 -16,476 43 Manufacturing -1,802 -1,986 44 Wholesale trade -719 173 45 Finance (including depository institutions) and insurance -11,585 -2,750 46 Holding companies, except bank holding companies -2,162 -7,990 47 Other -8,403 -3,924 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -58,696 -63,660 49 Manufacturing -15,343 -13,353 50 Wholesale trade -6,281 -6,289 51 Finance (including depository institutions) and insurance -5,614 110 52 Holding companies, except bank holding companies -18,595 -26,114 53 Other -12,863 -18,014 54 Intercompany debt -1,350 -18,412 55 Manufacturing 8,911 -4,531 56 Wholesale trade -2,670 -1,354 57 Finance (including depository institutions) and insurance (2) 981 -10,260 58 Holding companies, except bank holding companies -10,502 -8,603 59 Other 1,929 6,335 60 Royalties and license fees, net 13,646 13,317 61 U.S. parents' receipts (table 1, part of line 9) 14,419 14,193 62 U.S. parents' payments (table 1, part of line 26) -773 -876 63 Other private services, net 2,121 2 64 U.S. parents' receipts (table 1, part of line 10) 12,137 12,761 65 U.S. parents' payments (table 1, part of line 27) -10,016 -10,761 Foreign direct investment in the United States: 66 Income (table 1, line 31) -27,269 -40,071 67 Earnings -21,580 -34,824 68 Distributed earnings -9,855 -8,495 69 Reinvested earnings -11,725 -26,329 70 Reinvested earnings without current-cost adjustment -10,767 -25,416 71 Current-cost adjustment -958 -913 72 Interest -5,689 -5,247 73 U.S. affiliates' payments -7,370 -6,903 74 U.S. affiliates' receipts 1,681 1,657 75 Income without current-cost adjustment -26,311 -39,158 76 Manufacturing, -10,015 -11,807 77 Wholesale trade -6,315 -6,605 78 Finance (including depository institutions) and insurance -1,735 -8,069 79 Other -8,246 -12,678 80 Earnings without current-cost adjustment (line 67 less line 71) -20,622 -33,911 81 Manufacturing -7,983 -9,763 82 Wholesale trade -6,056 -6,400 83 Finance (including depository institutions) and insurance -1,199 -7,589 84 Other -5,385 -10,159 85 Interest -5,689 -5,247 86 Manufacturing -2,032 -2,044 87 Wholesale trade -259 -205 88 Finance (including depository institutions) and insurance -536 -479 89 Other -2,861 -2,519 90 Capital (table 1, line 64) 59,473 100,706 91 Equity capital 42,203 44,227 92 Increases in equity capital 53,933 52,865 93 Decreases in equity capital -11,730 -8,638 94 Reinvested earnings (line 69 with sign reversed) 11,725 26,329 95 Intercompany debt 5,545 30,150 96 U.S. affiliates' payables 2,337 34,976 97 U.S. affiliates' receivables 3,208 -4,826 98 Capital without current-cost adjustment 58,515 99,793 99 Manufacturing, 581 8,396 100 Wholesale trade 10,821 31,143 101 Finance (including depository institutions) and insurance 28,122 26,212 102 Other 18,992 34,042 103 Equity capital 42,203 44,227 104 Manufacturing 5,853 12,421 105 Wholesale trade 458 11,233 106 Finance (including depository institutions) and insurance 24,028 15,716 107 Other 11,864 4,858 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 10,767 25,416 109 Manufacturing 5,771 4,820 110 Wholesale trade 5,675 6,014 111 Finance (including depository institutions) and insurance -1,715 5,593 112 Other 1,036 8,989 113 Intercompany debt 5,545 30,150 114 Manufacturing -11,044 -8,845 115 Wholesale trade 4,688 13,896 116 Finance (including depository institutions) and insurance 5,809 4,904 117 Other 6,091 20,195 118 Royalties and license fees, net -3,027 -2,891 119 U.S. affiliates' payments (table 1, pan of line 26) -3,960 -3,930 120 U.S. affiliates' receipts (table 1, part of line 9) 932 1,039 121 Other private services, net 1,064 1,418 122 U.S. affiliates' payments (table 1, part of line 27) -4,571 -4,737 123 U.S. affiliates' receipts (table 1, part of line 10) 5,635 6,155 Seasonally adjusted Line (Credits +; debits-) 2008 III IV U.S. direct investment abroad: 1 Income (table 1, line 14) 96,047 75,736 2 Earnings 94,029 73,769 3 Distributed earnings 29,057 19,737 4 Reinvested earnings 64,972 54,032 5 Reinvested earnings without current-cost adjustment 59,921 49,013 6 Current-cost adjustment 5,051 5,019 7 Interest 2,018 1,967 8 U.S. parents' receipts 3,076 3,004 9 U.S. parents' payments -1,058 -1,037 10 Income without current-cost adjustment 90,996 70,717 11 Manufacturing 17,429 10,630 12 Wholesale trade 7,094 5,985 13 Finance (including depository institutions) and insurance 9,382 7,281 14 Holding companies, except bank holding companies 36,114 32,081 15 Other 20,977 14,741 16 Earnings without current-cost adjustment (line 2 less line 6) 88,978 68,750 17 Manufacturing 17,203 10,373 18 Wholesale trade 7,007 5,886 19 Finance (including depository institutions) and insurance 9,242 7,173 20 Holding companies, except bank holding companies 35,348 31,376 21 Other 20,178 13,941 22 Interest 2,018 1,967 23 Manufacturing 226 256 24 Wholesale trade 87 99 25 Finance (including depository institutions) and insurance 141 108 26 Holding companies, except bank holding companies 766 704 27 Other 799 800 28 Capital (table 1, line 51) -54,115 -84,486 29 Equity capital -9,500 -39,599 30 Increases in equity capital -19,815 -56,938 31 Decreases in equity capital 10,315 17,339 32 Reinvested earnings (line 4 with sign reversed) -64,972 -54,032 33 Intercompany debt 20,357 9,144 34 U.S. parents' receivables 11,139 28,614 35 U.S. parents' payables 9,218 -19,470 36 Capital without current-cost adjustment -49,064 -79,467 37 Manufacturing -8,624 -8,253 38 Wholesale trade -6,298 -6,437 39 Finance (including depository institutions) and insurance 1,675 -20,327 40 Holding companies, except bank holding companies -22,455 -27,386 41 Other -13,362 -17,064 42 Equity capital -9,500 -39,599 43 Manufacturing -948 -3,645 44 Wholesale trade 25 -527 45 Finance (including depository institutions) and insurance 787 -22,103 46 Holding companies, except bank holding companies -3,889 -5,013 47 Other -5,475 -8,311 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -59,921 -49,013 49 Manufacturing -12,659 -7,273 50 Wholesale trade -5,046 -5,357 51 Finance (including depository institutions) and insurance -3,974 -2,805 52 Holding companies, except bank holding companies -24,345 -22,960 53 Other -13,898 -10,618 54 Intercompany debt 20,357 9,144 55 Manufacturing 4,982 2,665 56 Wholesale trade -1,276 -554 57 Finance (including depository institutions) and insurance (2) 4,861 4,580 58 Holding companies, except bank holding companies 5,779 587 59 Other 6,011 1,865 60 Royalties and license fees, net 12,843 12,424 61 U.S. parents' receipts (table 1, part of line 9) 13,988 13,455 62 U.S. parents' payments (table 1, part of line 26) -1,146 -1,031 63 Other private services, net 2,211 2,616 64 U.S. parents' receipts (table 1, part of line 10) 12,955 12,815 65 U.S. parents' payments (table 1, part of line 27) -10,744 -10,199 Foreign direct investment in the United States: 66 Income (table 1, line 31) -29,050 -24,473 67 Earnings -22,709 -17,732 68 Distributed earnings -8,097 -15,798 69 Reinvested earnings -14,612 -1,933 70 Reinvested earnings without current-cost adjustment -13,728 -1,063 71 Current-cost adjustment -884 -870 72 Interest -6,341 -6,741 73 U.S. affiliates' payments -7,758 -8,144 74 U.S. affiliates' receipts 1,418 1,403 75 Income without current-cost adjustment -28,166 -23,603 76 Manufacturing, -13,363 -8,496 77 Wholesale trade -7,023 -2,503 78 Finance (including depository institutions) and insurance 1,319 -2,061 79 Other -9,098 -10,542 80 Earnings without current-cost adjustment (line 67 less line 71) -21,825 -16,862 81 Manufacturing -10,818 -6,029 82 Wholesale trade -6,734 -2,098 83 Finance (including depository institutions) and insurance 1,872 -1,412 84 Other -6,145 -7,323 85 Interest -6,341 -6,741 86 Manufacturing -2,545 -2,467 87 Wholesale trade -290 -405 88 Finance (including depository institutions) and insurance -553 -649 89 Other -2,953 -3,220 90 Capital (table 1, line 64) 62,755 96,802 91 Equity capital 53,889 109,864 92 Increases in equity capital 61,428 119,930 93 Decreases in equity capital -7,540 -10,066 94 Reinvested earnings (line 69 with sign reversed) 14,612 1,933 95 Intercompany debt -5,745 -14,995 96 U.S. affiliates' payables -6,355 -13,684 97 U.S. affiliates' receivables 610 -1,311 98 Capital without current-cost adjustment 61,871 95,932 99 Manufacturing, 16,754 65,276 100 Wholesale trade 8,795 -5,990 101 Finance (including depository institutions) and insurance 24,761 25,823 102 Other 11,561 10,823 103 Equity capital 53,889 109,864 104 Manufacturing 13,932 67,128 105 Wholesale trade 8,391 5,091 106 Finance (including depository institutions) and insurance 22,066 23,653 107 Other 9,500 13,992 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 13,728 1,063 109 Manufacturing 7,537 -4,396 110 Wholesale trade 5,964 653 111 Finance (including depository institutions) and insurance -3,771 -715 112 Other 3,998 5,522 113 Intercompany debt -5,745 -14,995 114 Manufacturing -4,714 2,545 115 Wholesale trade -5,560 -11,734 116 Finance (including depository institutions) and insurance 6,466 2,885 117 Other -1,936 -8,691 118 Royalties and license fees, net -2,664 -1,823 119 U.S. affiliates' payments (table 1, pan of line 26) -3,747 -3,062 120 U.S. affiliates' receipts (table 1, part of line 9) 1,083 1,238 121 Other private services, net 1,329 1,031 122 U.S. affiliates' payments (table 1, part of line 27) -4,852 -4,882 123 U.S. affiliates' receipts (table 1, part of line 10) 6,180 5,913 Seasonally adjusted Line (Credits +; debits-) 2009 I (r) II (r) U.S. direct investment abroad: 1 Income (table 1, line 14) 63,079 71,476 2 Earnings 61,293 69,812 3 Distributed earnings 23,528 18,795 4 Reinvested earnings 37,765 51,016 5 Reinvested earnings without current-cost adjustment 32,822 46,099 6 Current-cost adjustment 4,943 4,917 7 Interest 1,786 1,665 8 U.S. parents' receipts 2,730 2,598 9 U.S. parents' payments -944 -934 10 Income without current-cost adjustment 58,136 66,559 11 Manufacturing 6,967 9,682 12 Wholesale trade 4,804 5,677 13 Finance (including depository institutions) and insurance 6,772 6,782 14 Holding companies, except bank holding companies 27,786 30,362 15 Other 11,807 14,056 16 Earnings without current-cost adjustment (line 2 less line 6) 56,350 64,895 17 Manufacturing 6,779 9,533 18 Wholesale trade 4,732 5,606 19 Finance (including depository institutions) and insurance 6,809 6,773 20 Holding companies, except bank holding companies 26,971 29,692 21 Other 11,059 13,291 22 Interest 1,786 1,665 23 Manufacturing 188 149 24 Wholesale trade 72 71 25 Finance (including depository institutions) and insurance -37 9 26 Holding companies, except bank holding companies 814 669 27 Other 749 766 28 Capital (table 1, line 51) 40,903 -8,078 29 Equity capital -3,705 1,386 30 Increases in equity capital -13,990 -14,307 31 Decreases in equity capital 10,285 15,693 32 Reinvested earnings (line 4 with sign reversed) -37,765 -51,016 33 Intercompany debt 567 1,553 34 U.S. parents' receivables 13,199 -5,468 35 U.S. parents' payables -12,632 7,020 36 Capital without current-cost adjustment -35,960 -43,161 37 Manufacturing -3,061 -13,692 38 Wholesale trade -2,556 -6,376 39 Finance (including depository institutions) and insurance -358 10,728 40 Holding companies, except bank holding companies -17,840 -16,014 41 Other -12,145 -17,807 42 Equity capital -3,705 1,386 43 Manufacturing -464 -225 44 Wholesale trade -252 78 45 Finance (including depository institutions) and insurance 718 5,454 46 Holding companies, except bank holding companies -3,662 -2,129 47 Other -46 -1,792 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -32,822 -46,099 49 Manufacturing -4,035 -5,670 50 Wholesale trade -3,852 -4,501 51 Finance (including depository institutions) and insurance 3,517 -2,804 52 Holding companies, except bank holding companies -20,730 -22,079 53 Other -7,721 -11,045 54 Intercompany debt 567 1,553 55 Manufacturing 1,438 -7,797 56 Wholesale trade 1,548 -1,952 57 Finance (including depository institutions) and insurance (2) -4,593 8,077 58 Holding companies, except bank holding companies 6,552 8,195 59 Other -4,378 -4,970 60 Royalties and license fees, net 10,445 10,918 61 U.S. parents' receipts (table 1, part of line 9) 11,447 11,874 62 U.S. parents' payments (table 1, part of line 26) -1,002 -956 63 Other private services, net 2,184 3,414 64 U.S. parents' receipts (table 1, part of line 10) 12,297 12,946 65 U.S. parents' payments (table 1, part of line 27) -10,113 -9,532 Foreign direct investment in the United States: 66 Income (table 1, line 31) -11,965 -23,834 67 Earnings -6,524 -17,495 68 Distributed earnings -18,074 -9,891 69 Reinvested earnings 11,549 -7,604 70 Reinvested earnings without current-cost adjustment 12,443 -6,713 71 Current-cost adjustment -894 -891 72 Interest -5,441 -6,339 73 U.S. affiliates' payments -6,791 -7,802 74 U.S. affiliates' receipts 1,350 1,463 75 Income without current-cost adjustment -11,071 -22,943 76 Manufacturing, -5,179 -4,765 77 Wholesale trade -672 -2,607 78 Finance (including depository institutions) and insurance 1,702 -6,732 79 Other -6,921 -8,839 80 Earnings without current-cost adjustment (line 67 less line 71) -5,630 -16,604 81 Manufacturing -3,255 -2,044 82 Wholesale trade -328 -2,172 83 Finance (including depository institutions) and insurance 2,072 -6,300 84 Other -4,119 -6,088 85 Interest -5,441 -6,339 86 Manufacturing -1,924 -2,721 87 Wholesale trade -344 -435 88 Finance (including depository institutions) and insurance -370 -432 89 Other -2,802 -2,751 90 Capital (table 1, line 64) 24,025 37,009 91 Equity capital 19,903 22,089 92 Increases in equity capital 23,746 24,424 93 Decreases in equity capital -3,843 -2,335 94 Reinvested earnings (line 69 with sign reversed) -11,549 7,604 95 Intercompany debt 15,671 7,316 96 U.S. affiliates' payables 19,755 4,635 97 U.S. affiliates' receivables -4,084 2,680 98 Capital without current-cost adjustment 23,131 36,118 99 Manufacturing, 3,252 6,299 100 Wholesale trade 1,502 2,635 101 Finance (including depository institutions) and insurance -4,680 20,101 102 Other 23,057 7,083 103 Equity capital 19,903 22,089 104 Manufacturing 3,642 3,702 105 Wholesale trade 1,187 1,167 106 Finance (including depository institutions) and insurance 9,093 12,898 107 Other 5,982 4,323 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) -12,443 6,713 109 Manufacturing -1,266 -216 110 Wholesale trade -8,431 -3,154 111 Finance (including depository institutions) and insurance -5,781 5,176 112 Other 3,035 4,906 113 Intercompany debt 15,671 7,316 114 Manufacturing 876 2,813 115 Wholesale trade 8,746 4,622 116 Finance (including depository institutions) and insurance -7,991 2,027 117 Other 14,040 -2,146 118 Royalties and license fees, net -2,037 -2,352 119 U.S. affiliates' payments (table 1, pan of line 26) -3,014 -3,355 120 U.S. affiliates' receipts (table 1, part of line 9) 976 1,003 121 Other private services, net 1,201 1,278 122 U.S. affiliates' payments (table 1, part of line 27) -4,526 -4,881 123 U.S. affiliates' receipts (table 1, part of line 10) 5,727 6,159 Seasonally adjusted Line (Credits +; debits-) 2009 III (r) IV (r) U.S. direct investment abroad: 1 Income (table 1, line 14) 80,810 86,477 2 Earnings 79,051 85,038 3 Distributed earnings 28,949 20,475 4 Reinvested earnings 50,102 64,563 5 Reinvested earnings without current-cost adjustment 45,203 59,672 6 Current-cost adjustment 4,899 4,891 7 Interest 1,760 1,439 8 U.S. parents' receipts 2,506 2,197 9 U.S. parents' payments -746 -758 10 Income without current-cost adjustment 75,911 81,586 11 Manufacturing 13,001 12,778 12 Wholesale trade 6,184 5,922 13 Finance (including depository institutions) and insurance 8,090 9,625 14 Holding companies, except bank holding companies 33,192 35,212 15 Other 15,444 18,049 16 Earnings without current-cost adjustment (line 2 less line 6) 74,152 80,147 17 Manufacturing 12,834 12,613 18 Wholesale trade 6,101 5,855 19 Finance (including depository institutions) and insurance 7,977 9,515 20 Holding companies, except bank holding companies 32,468 34,726 21 Other 14,771 17,437 22 Interest 1,760 1,439 23 Manufacturing 167 165 24 Wholesale trade 83 67 25 Finance (including depository institutions) and insurance 113 110 26 Holding companies, except bank holding companies 724 486 27 Other 673 612 28 Capital (table 1, line 51) -68,537 -63,453 29 Equity capital -10,106 -12,517 30 Increases in equity capital -12,968 -19,031 31 Decreases in equity capital 2,862 6,514 32 Reinvested earnings (line 4 with sign reversed) -50,102 -64,563 33 Intercompany debt -8,330 13,627 34 U.S. parents' receivables -14,318 10,387 35 U.S. parents' payables 5,988 3,240 36 Capital without current-cost adjustment -63,638 -58,562 37 Manufacturing -8,551 -11,700 38 Wholesale trade -7,306 -6,856 39 Finance (including depository institutions) and insurance -10,630 -5,496 40 Holding companies, except bank holding companies -25,507 -18,696 41 Other -11,644 -15,815 42 Equity capital -10,106 -12,517 43 Manufacturing -1,288 -3,511 44 Wholesale trade -119 -429 45 Finance (including depository institutions) and insurance -3,254 -2,828 46 Holding companies, except bank holding companies -3,553 -3,314 47 Other -1,891 -2,434 48 Reinvested earnings without current-cost adjustment (line 5 with sign reversed) -45,203 -59,672 49 Manufacturing -8,544 -8,602 50 Wholesale trade -5,673 -5,163 51 Finance (including depository institutions) and insurance -4,221 -3,246 52 Holding companies, except bank holding companies -17,209 -28,421 53 Other -9,556 -14,241 54 Intercompany debt -8,330 13,627 55 Manufacturing 1,281 413 56 Wholesale trade -1,514 -1,263 57 Finance (including depository institutions) and insurance (2) -3,155 578 58 Holding companies, except bank holding companies -4,745 13,039 59 Other -197 861 60 Royalties and license fees, net 12,744 12,891 61 U.S. parents' receipts (table 1, part of line 9) 13,583 13,749 62 U.S. parents' payments (table 1, part of line 26) -838 -858 63 Other private services, net 2,722 2,836 64 U.S. parents' receipts (table 1, part of line 10) 12,684 12,941 65 U.S. parents' payments (table 1, part of line 27) -9,961 -10,105 Foreign direct investment in the United States: 66 Income (table 1, line 31) -24,045 -35,202 67 Earnings -17,466 -28,485 68 Distributed earnings -6,803 -9,636 69 Reinvested earnings -10,663 -18,848 70 Reinvested earnings without current-cost adjustment -9,773 -17,959 71 Current-cost adjustment -890 -889 72 Interest -6,579 -6,718 73 U.S. affiliates' payments -7,636 -7,830 74 U.S. affiliates' receipts 1,057 1,113 75 Income without current-cost adjustment -23,155 -34,313 76 Manufacturing, -8,774 -11,213 77 Wholesale trade -3,804 -3,036 78 Finance (including depository institutions) and insurance -3,891 -8,544 79 Other -6,686 -11,520 80 Earnings without current-cost adjustment (line 67 less line 71) -16,576 -27,596 81 Manufacturing -6,040 -8,293 82 Wholesale trade -3,403 -2,564 83 Finance (including depository institutions) and insurance -3,193 -7,846 84 Other -3,940 -8,893 85 Interest -6,579 -6,718 86 Manufacturing -2,733 -2,920 87 Wholesale trade -401 -472 88 Finance (including depository institutions) and insurance -698 -698 89 Other -2,746 -2,627 90 Capital (table 1, line 64) 47,472 43,579 91 Equity capital 26,230 24,293 92 Increases in equity capital 30,759 30,122 93 Decreases in equity capital -4,529 -5,829 94 Reinvested earnings (line 69 with sign reversed) 10,663 18,848 95 Intercompany debt 10,580 438 96 U.S. affiliates' payables -5,592 -4,310 97 U.S. affiliates' receivables 16,172 4,748 98 Capital without current-cost adjustment 46,582 42,690 99 Manufacturing, 15,511 4,133 100 Wholesale trade 1,595 5,104 101 Finance (including depository institutions) and insurance 12,978 14,851 102 Other 16,499 18,602 103 Equity capital 26,230 24,293 104 Manufacturing 15,252 3,912 105 Wholesale trade 803 2,543 106 Finance (including depository institutions) and insurance 4,573 6,404 107 Other 5,602 11,434 108 Reinvested earnings without current-cost adjustment (line 70 with sign reversed) 9,773 17,959 109 Manufacturing 2,834 2,618 110 Wholesale trade 3,211 1,405 111 Finance (including depository institutions) and insurance 962 6,364 112 Other 2,766 7,573 113 Intercompany debt 10,580 438 114 Manufacturing -2,576 -2,397 115 Wholesale trade -2,419 1,156 116 Finance (including depository institutions) and insurance 7,444 2,083 117 Other 8,131 -404 118 Royalties and license fees, net -2,372 -2,416 119 U.S. affiliates' payments (table 1, pan of line 26) -3,378 -3,439 120 U.S. affiliates' receipts (table 1, part of line 9) 1,005 1,023 121 Other private services, net 1,168 1,213 122 U.S. affiliates' payments (table 1, part of line 27) -5,227 -5,318 123 U.S. affiliates' receipts (table 1, part of line 10) 6,395 6,531 See the footnotes on pages 60-64.