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Data Definitions i
In this chapter… 1
Restated Annual Data Definitions 1
Footnote Codes 1
Accounting Changes – Cumulative Effect 2
Annual footnote codes 2
Quarterly footnote codes 2
Accounts Payable 3
Annual footnote code 4
Quarterly footnote code 4
Accounts Payable and Accrued Liabilities – Increase (Decrease) (Statement of Cash Flows) 4
Accounts Receivable – Decrease (Increase) (Statement of Cash Flows) 5
Accrued Expense 6
Acquisition – Income Contribution 7
Acquisitions – Sales Contribution 8
Annual footnote codes 8
Acquisitions (Statement of Cash Flows) 8
Adjustment Factor (Cumulative) by Ex-Date 9
Adjustment Factor (Cumulative) by Ex-Date (cont.) 11
Adjustment Factor (Cumulative) by Payable Date 14
Adjustment Factor (Raw) by Ex-Date 14
ADR Ratio 15
Advertising Expense 16
Amortization of Intangibles 16
Annualized Dividend Rate 16
Assets – Other 17
Assets – Total (Restated) 21
Assets – Total/Liabilities and Stockholders’ Equity – Total 21
Annual footnote code 21
Quarterly footnote code 21
Assets and Liabilities – Other (Net Change) (Statement of Cash Flows) 22
Auditor/Auditor’s Opinion 23
Where applicable, data item definitions apply to COMPUSTAT (North America) annual and quarterly files and the
PDE File. In instances where a data definition component applies only to the quarterly file, the word, Quarterly,
appears in the left margin. In instances where a data definition component applies only to the PDE File, the
notation, PDE, appears in the left margin.
Due to reporting differences, some data items for companies on the Canadian Annual File may not be comparable to
identical data items for U.S. companies on other industrial files. The word, Canadian, in the left margin indicates
components of the definition, which are applicable only to companies on the Canadian Annual File.
Note: In addition to this alphabetical listing of data items, you may also want to refer to Chapter 4, Financial
Statements, which presents specific data items within the framework of financial statement formats. Data
items are listed under the major classifications of Income Statement, Balance Sheet, or Statement of Cash
Flows. Supplementary and other items are classified by applicability to a particular statement. Use these
lists to determine how particular items are identified in COMPUSTAT.
Restated data may not be strictly comparable to historical data. Although Standard & Poor’s applies the same
standards to restated data collection as it does to historical, exceptions can occur. Every effort is made to collect
restated and historical data on a consistent basis.
Read the restated data item definition in conjunction with the historical definition for the same item. Deviations
from the historical definition are specifically noted in the restated definition.
Footnote Codes
Footnotes are used to provide supplemental information for a particular data item. Footnotes consist of two-
character codes.
Footnotes indicate:
Data for a fiscal year reflects a change from previous years’ data due to an accounting change, discontinued
operations, and/or acquisitions.
A particular data item differs from our definition due to the company’s reporting method.
Accounting method used by a company in calculating certain key items for the financial statements, such as
accumulated depreciation, inventories, and earnings per share.
The footnote field is blank when no footnote is necessary. This section presents footnote codes and their definitions
below each applicable data item.
3. Effects of an accounting change presented before income taxes and net income.
1. Discontinued operations
2. Extraordinary items not specifically identified as the result of the cumulative effect of
accounting changes
3. Prior period adjustments not specifically identified as the result of the cumulative effect of
accounting changes
5. Accounts payable and accrued expenses when no break out of accrued expenses is reported
8. Drafts payable
11. Trade accounts payable not yet billed (when included as current)
4. “Due to” or “payable to” related parties, unconsolidated subsidiaries or affiliates unless
specifically called “trade” *
This item contains a Not Available data code for companies reporting a Working Capital Statement
(Format Code = 2), or a Cash Statement by Activity (Format Code = 3).
1. Accounts payable listed separately when no changes in accrued expenses are reported in the
Operating Activities section
2. Accrued expenses listed separately when no changes in accounts payable are reported in the
Operating Activities section
4. Current liabilities classified by Standard & Poor’s as trade accounts payable or accrued
liabilities
5. Long-term accounts payable and accrued liability accounts, if reported in the Operating
Activities section
3. Accrued taxes (when increase [decrease] in income taxes is not reported separately)
1. Accounts payable and accrued expenses are reported outside the Operating Activities
section
2. Changes in accounts payable and accrued expenses are not reported on the Statement of
Cash Flows but the Balance Sheet shows a change between the current and prior year
Increases in accounts payable and accrued liabilities are presented as positive numbers. Decreases are
presented as negative numbers.
1. All current assets classified by Standard & Poor’s as receivables when reported in the
Operating Activities section
2. Contracts in progress and costs in excess of related billings when included by Standard &
Poor’s in accounts receivable
1. Current and long-term receivables when included by the company in the Investing
Activities section
This item contains a Not Available data code for companies reporting a Working Capital Statement
(Format Code = 1), a Cash by Source and Use of Funds Statement (Format Code = 2) or a Cash
Statement by Activity (Format Code = 3).
1. Some or all receivables are combined with another asset or liability account in the operating
activities section.
2. Receivables are not reported in the operating activities section, but are reported in another
section
3. Changes in current receivables are not reported on the Statement of Cash Flows but the Balance
Sheet shows a change between the current and prior year.
Increases in accounts receivable are presented as negative numbers. Decreases are presented as
positive numbers.
This item is not available for banks or property and casualty companies
Quarterly This item is not available for utilities.
Accrued Expense
Annual data item number 153
Units (companies) Millions of dollars
Annual data availability 1963
This item represents expenses incurred and payment will not be made until a subsequent period.
9. “Other” when included under a heading or in a note relating only to accrued expenses
1. Accrued dividends
2. Accrued income taxes (included in Income Taxes Payable)
3. Accrued pensions
4. Accrued taxes (when a separate income tax figure is not reported)
5. Advances
6. Deferred compensation (included in Current Liabilities – Other)
7. Deferred credits
8. Deferred taxes (included in Current Liabilities – Other)
9. Deposits
10. Interest payable combined with notes payable (included in notes)
11. “Other” when included under a heading or in a note which includes items other than
accrued expenses
12. Other liabilities (included in Current Liabilities – Other)
13. Provisions even if included under an “Accrued Liabilities” heading
14. Reserves – even if included under an “Accrued Liabilities” heading by company
15. Warranty reserves
This item contains a Combined Figure data code when Accrued Expense is included in either
Current Liabilities – Other or Accounts Payable.
The adjustment factors are indicated as 1.000000 when no changes in capitalization have occurred because of
splits and dividends.
The historical price and other per-share data (prices – high, low, and close, dividends per share, and earnings
per share) may be adjusted to a current units basis by dividing these items for each period by the
corresponding adjustment factor. To convert historical shares data (shares traded, shares reserved, shares
outstanding, and common treasury shares) to an equivalent current basis, the reported shares are multiplied
by the corresponding adjustment factor.
Restated per-share data (Earnings per Share (Diluted) – Excluding Extraordinary Items [Restated], Earnings
per Share (Diluted) – Including Extraordinary Items, Earnings per Share (Basic) – Excluding Extraordinary
Items, and Earnings per Share (Basic) – Including Extraordinary Items [Restated]) for each year needs to be
divided by the adjustment factor for the most recent year in which there is a 2 or 3 update code. Common
Shares Used to Calculate Earnings per Share (Basic) needs to be multiplied by the most current adjustment
factor for the most recent year in which there was a 2 or 3 update code. Subscribers must use this
adjustment factor to adjust restated share and per share data for the effects of stock splits
and/or stock dividends subsequent to the most current fiscal year-end.
Adjusted per-share statistics (such as sales per share and depreciation per share) may also be computed by
multiplying the number of shares outstanding by the corresponding cumulative adjustment factor and using
this adjusted total number of shares in the calculation.
The ex-dividend date is used to determine the period in which an adjustment factor falls (see Adjustment
Factor [Raw] by Ex-Date). The declaration, stock record, or payable dates are not used. All stock splits and
stock dividends going ex-dividend through the cutoff date of the file will be reflected in the adjustment
factors.
PDE For Companies, the cumulative adjustment factor reflects all stock splits and stock dividends with ex-
dividend dates subsequent to that month. The cumulative adjustment has been used to convert all of
the other data on the file into terms of the current share units. In other words, all data items on the
file are fully adjusted and based on the number of shares currently outstanding.
PDE For Indexes, cumulative adjustment factors include the effects of base value adjustments. Refer to the
Availability of Industry Index Data table in Chapter 2, Understanding the COMPUSTAT (North
America) Database, for general availability.
Cumulative adjustment factor for the previous fiscal year. Thus, the calendar year data in the current
fiscal year is not adjusted. For example, a May fiscal year (05) company with a December 1994 stock
price of $100.00 has a two-for-one stock split in January 1995. The cumulative adjustment factor for
fiscal 1994 becomes 1.000000 and 1993 changes to 2.000000. We preadjust the 1994 stock price of
$100.00 to $50.00.
Multiply by the cumulative adjustment factor to adjust back years’ data for the following annual
items:
Annual
data item
number Annual data item name
Divide by the cumulative adjustment factor to adjust back years’ data for the following annual items:
Annual
data item
number Annual data item name
22 Price – High
23 Price – Low
24 Price – Close
26 Dividends per Share by Ex-Date
53 Earnings per Share (Basic) – Including Extraordinary Items
57 Earnings per Share (Diluted) – Excluding Extraordinary Items
58 Earnings per Share (Basic) – Excluding Extraordinary Items
169 Earnings per Share (Diluted) – Including Extraordinary Items
(Continued on following page.)
Quarterly The cumulative adjustment factors are changed for all quarters whenever a stock split or dividend
occurs, as determined by the ex-dividend date of the split or dividend.
Quarterly The consistency of the data within each fiscal quarter is maintained manually. We adjust month-end
prices, dividends per share, indicated annual dividends, and shares traded for all stock splits or
dividends occurring in a given quarter between the time the above data (or part of it) is reported and
the end of the fiscal quarter. For example, the first quarter of a July fiscal year (07) covers August,
September, and October. If the August month-end stock close price is $100.00 and a two-for-one
stock split occurs in September, the cumulative adjustment factor for the fourth quarter and all prior
quarters becomes 2.000000. We will preadjust the August month-end close price of $100.00 to
$50.00.
Quarterly Multiply by the cumulative adjustment factor to adjust back quarters’ data for the following quarterly
items:
Quarterly
data item
number Quarterly data item name
Quarterly
data item
number Quarterly data item name
Variable
data item Variable data item name
Variable
data item Variable data item name
1. Dividends per Share by Payable Date is the only item to which the Adjustment Factor
(Cumulative) Payable Date is applied
2. The payable date, rather than the ex-date, is used in the determination of adjustment of
Dividends per Share by Payable Date
It should be noted that the ex-dividend date is always used in determining the month in which an
adjustment factor falls. The declaration, stock record or payable dates are not used. All stock splits
and stock dividends going ex-dividend through the cut-off date of the file will be reflected in the
adjustment factor.
Linamar Corp. Moved raw adjustment factor from November 1993 to January 1994
because of fiscal year change from 06 to 12.
Casablanca Industries Moved raw adjustment factor from April 1993 to June 1993 because of
fiscal year change from 12 to 05.
For industry index data, raw adjustment factors include the effects of base value adjustments. Refer
to the Availability of Industry Index Data table in Chapter 2, Understanding the COMPUSTAT
(North America) Database, for general availability.
ADR Ratio
Annual data item number 234
Units (companies) Ratio
Annual data availability 1989
This item represents the number of a foreign company’s common or ordinary shares that are
equivalent to one American Depository Receipt (ADR) or one American Depository Share (ADS).
The ADR Ratio is used to convert share and per-share data that is expressed in terms of the
company’s common stock into data expressed in terms of American Depository Receipts.
The ADR Ratio is usually a whole number. For example, if two shares of common stock are
equivalent to one American Depository Receipt, this item has a data value of 2.0.
This item is available only for foreign companies that trade American Depository Receipts or
American Depository Shares in the U.S., either on stock exchanges or over-the-counter.
Companies that trade ADRs usually have an “-ADR” or “-ADS” suffix following the company names.
However, variations exist, and a few companies have other suffixes indicating that the company
trades ADRs. Examples of the suffixes are:
-ADR NEW
-AM SHARES
-AMER SH
-NY REG
-NY SH
-NY SHARES
-SPON ADR
Amortization of Intangibles
Annual data item number 65
Units (companies) Millions of dollars
Annual data availability 1969
This item represents a noncash charge for the systematic write-off of the cost of intangible assets over
the period for which there is an economic benefit.
The Annualized Dividend Rate also includes any consistent extra or special year-end dividends. An
extra is considered to be consistent when it is paid for two consecutive time periods. The extra is not
included the first time it is paid. When an extra is omitted, it is eliminated from the Annualized
Dividend Rate in the month when it would have been paid if continued.
The latest Annualized Dividend Rate is carried forward each month until a different dividend is paid.
The dividend rate is always changed in the month the new dividend goes ex-dividend. Annualized
Dividend Rate is carried in dollars and mills. For example, a one dollar 32½ cent dividend would be
carried as 1.325. This figure is fully adjusted for all subsequent stock splits and stock dividends. The
cumulative adjustment factor can be used to unadjust this item to its originally reported state.
For Indexes, the annualized dividend figures for 1963 forward to the present are entered in the
quarter-end months (March, June, September, December) and are brought forward into the
succeeding months. For example, the same annualized dividend entered for March is also entered for
April and May. For 1962, the annualized dividend figures are available only on a year-end basis.
The year-end figure is entered in December and then carried forward into the first 11 months of the
following year.
Refer to the Availability of Industry Index Data table in Chapter 2, Understanding the COMPUSTAT
(North America) Database, for general availability.
Assets – Other
Annual data item number 69
Quarterly data item number 43
Units (companies) Millions of dollars
Annual data availability 1950
Quarterly data availability First quarter, 1976
Position number in Daily Fundamental 54
File
This item represents those long-term assets that are not property, plant, and equipment, investments
and advances, or intangibles.
1. Acquisition costs
3. Amounts due (Receivables) from directors, officers, employees and principal holders of
equity securities other than unconsolidated subsidiaries
6. Banks and savings and loans’ acceptances and all other assets
12. Computer software, software costs (when not included in property, plant, and equipment on
the Balance Sheet or on Schedule V and VI by the company)
14. Contracts
23. Deposits
24. Finance service companies’ deferred finance charges on installment obligations when
presented as a deduction from receivables
36. Prepaid/deferred pension costs (if reported as a separate line item in long-term assets)
47. Treasury stock reported on the asset side of the Balance Sheet
2. Computer software included in property, plant, and equipment on the Balance Sheet or on
Schedules V and VI by the company
Quarterly This item will also include Investments and Advances – Equity Method, Investments and Advances –
Other, and Intangibles.
For banks, this item could be negative because of assets held for sale or taken out of other assets.
2. Amounts due from directors, officers, and principal holders of equity securities
7. Cemetery Property
9. Computer software and software costs not included in property, plant, and equipment by the
company
11. Contracts
13. Deposits
14. Finance service companies’ deferred charges on installment obligations (when presented as
a deduction from receivables)
1. Computer software and software costs included in property, plant, and equipment by the
company
Total liabilities and stockholders’ equity represents current liabilities plus long-term debt plus other
long-term liabilities plus stockholders’ equity.
3. Disposal of property, plant and equipment reported in the Operating Activities section (e.g.
gain/loss on sale of assets)
4. Equity related items: cumulative translation adjustments, deferred compensation, etc. when
the change shown affects the Balance Sheet and is not an Income Statement adjustment
8. Other balance sheet items reported in the Operating Activities section which are combined
1. Accrued taxes
6. Minority interest when not reported under the assets and liability section or if it does not tie
out to Balance Sheet change
7. Miscellaneous items not clearly designated as changes in other assets and liabilities
Miscellaneous changes increasing cash appear as positive numbers. Changes decreasing cash appear
as negative numbers.
This item contains a Not Available data code for companies reporting a Working Capital Statement
(Format Code = 1), a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash
Statement by Activity (Format Code = 3).
This item is not available for banks, or property and casualty companies.
Auditor/Auditor’s Opinion
Annual data item number 149
Units (companies) Code
Annual data availability 1974
This item is a two-part code that indicates both the auditing firm and that firm’s opinion regarding a
company’s financial statements. The auditor’s opinion code appears to the immediate left of the
decimal. The auditor code appears to the left of the auditor’s opinion code.
Auditor
code Description
0 Unaudited
1 Arthur Andersen
2 Arthur Young (prior to October 1, 1989) (merged with Ernst &
Whinney on October 1, 1989)
3 Coopers & Lybrand (Coopers & Lybrand Deloitte in the United
Kingdom since April 29, 1990) (Coopers & Lybrand merged with
Price Waterhouse on July 1, 1998)
(Continued on following page.)
4 Ernst & Young (Ernst & Whinney from July 1, 1979 to September
29, 1989; Ernst and Ernst prior to July 1, 1979)
5 Deloitte & Touche (Deloitte, Haskins & Sells prior to December 4,
1989; Haskins & Sells prior to May 1, 1978)
6 KPMG Peat, Marwick, Main (Peat, Marwick, Mitchell prior to April
1, 1987)
7 PriceWaterhouseCoopers (Price Waterhouse prior to July 1,
1998 merger with Coopers & Lybrand)
8 Touche Ross (merged with Deloitte, Haskins & Sells on
December 4, 1989)
9 Other
10 Altschuler, Melvoin, and Glasser
11 BDO Seidman (Seidman and Seidman prior to September 1,
1988
12 Baird, Kurtz, and Dobson
13 Cherry, Bekaert, and Holland
14 Clarkson, Gordon
15 Clifton, Gunderson
16 Crowe Chizek
17 Grant Thornton
18 J.H. Cohn
19 Kenneth Leventhal
20 Laventhol and Horwath
21 McGladrey & Pullen (McGladrey, Hendrickson, and Pullen prior to
May 1988)
22 Moore Stephens
23 Moss Adams
24 Pannell Kerr Forster (Pannell, Kerr, MacGillivray in Canada)
25 Plante and Moran
26 Richard A. Eisner
27 Spicer and Oppenheim
(Codes 10 through 27 available from 1988 forward)
For Companies, Book Value per Share is based upon fiscal year end data. For example, Book
Value per Share for calendar year 1995 is calculated from the 1994 fiscal year data (fully adjusted for
subsequent stock splits and stock dividends). All annual data reported on a January through May (01-
05) fiscal year basis is considered to be in the prior calendar year since the majority of the months fall
in the prior calendar year. Thus, Book Value per Share for 1995 for a May fiscal year company will
be in the 1996 calendar year. A maximum of 20 years’ data is on file for each company.
1. Common Stock
2. Capital Surplus
3. Retained Earnings
4. Self-insurance Reserves (when included in the Equity section)
5. Capital Stock Premium
Less the following:
1. Common Treasury Stock
2. Accumulated unpaid preferred dividends
3. Excess of involuntary liquidating value of outstanding preferred
stock over carrying value
For Indexes, Book Value per Share is calculated from the calendar year-end index data. This item
is carried on an annual basis and is obtained from the Standard & Poor’s Analyst’s Handbook and
Barron’s.
Some indexes in the Analyst’s Handbook provide equity per share figures rather than book value per
share figures. Due to the business activities of industries within these indexes, book value per share
figures are not reported. The major difference between equity per share figures and book value per
share figures is the former includes the effect of intangibles and the latter excludes the effect of
intangibles.
Calendar Year
Variable data item (PDE File) YEAR
This item represents the calendar year.
This item is reported on a calendar basis. To determine if a company is currently assigned to the TSE
300, check the variable data item, Canadian Index Code – Current, found in the Company Record –
Company Descriptors.
Footnote codes
CH Includes acquisition amounts
QB Net of current year’s sales, retirements, and/or disposals of
property, plant, and equipment
Due to company presentation, this item may differ from the historical capital expenditures. Please
refer to the historical definition. (See Property, Plant, and Equipment – Capital Expenditures
[Schedule V] and Capital Expenditures [Statement of Cash Flows].)
8. Employee Stock Ownership Plans obligations related to “par” value common stock
12. Miscellaneous notes receivable (if the stock has been issued)
14. Notes receivable from Employee Stock Ownership Plan (when stock is outstanding)
18. Reserve account for shares to be repurchased (reported in the Stockholders’ Equity section)
19. Residual from conversion of a class of common stock into the main class
20. Stock of a subsidiary held by the parent company (in the Stockholder’s Equity section)
2. Deferred compensation when the Stockholders Equity statement does not classify the
adjustment to capital surplus
3. Employee Stock Ownership Plans and any adjustments that include unearned deferred
compensation related to redeemable or nonredeemable preferred stock
4. Employee Stock Ownership Plan adjustments related to “no par” value common stock
5. Employee Stock Ownership Plan adjustments that force negative Capital Surplus (included
in Retained Earnings)
6. Excess over par of common treasury stock (included in Treasury Stock – Total Dollar
Amount)
7. Excess over par of non-redeemable preferred treasury stock (included in Treasury Stock –
Total Dollar Amount)
10. Par value of treasury stock for companies without a treasury account
If a company does not maintain a Capital Surplus account, adjustments are made to Retained
Earnings for those items normally netted against Capital Surplus except for notes receivable related to
the issuance of stock and ESOP adjustments. Those will be included in common stock.
Prior to fiscal periods 1982 on the annual file and first quarter 1986, on the quarterly file Standard &
Poor’s adjusted this item for the excess of cost over carrying value of both common and non-
redeemable preferred treasury stock shown as a reduction to equity on the Balance Sheet.
Cash
Annual data item number 162
Units (companies) Millions of dollars
Annual data availability 1950
This item represents any immediately negotiable medium of exchange. It includes money and any
instrument normally accepted by banks for deposit and immediate credit to a customer’s account (as
reported in the current asset section).
After adoption of SFAS #95, Statement of Cash Flows (Format Code = 7), this item includes cash and
equivalents. Equivalents are any short-term investments with an original maturity of 90 days.
1. Bank drafts
2. Banker’s acceptances
3. Cash
7. Demand deposits
8. Letters of credit
9. Money orders
3. Commercial paper
4. Government securities
6. Marketable securities
7. Restricted cash
9. Time deposits
This item represents the net change in cash presented separately from cash equivalents for companies
reporting a Cash by Source and Use of Funds Statement (Format Code = 2) or a Cash Statement by Activity
(Format Code = 3).
This item represents a change in liquidity (which may include short-term debt and checks
outstanding) for Canadian file data reporting a Net Liquid Funds/Net Funds Statement Classified by
Source and Application of Funds (Format Code = 5).
This item excludes changes in cash equivalents presented within the body of the statement for
companies reporting a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash
Statement by Activity (Format Code = 3).
This item contains a Combined Figure data code from 1971 to 1983 for companies reporting a
Working Capital Statement (Format Code = 1).
Increases in cash and cash equivalents are presented as positive numbers. Decreases are presented as
negative numbers.
For banks and savings and loans this includes cash and due from banks and federal funds
3. Cash in escrow
7. Commercial paper
9. Government and other marketable securities (including stocks and bonds listed as short-
term)
17. Time deposits and time certificates of deposit (savings accounts shown in current assets)
5. Partnership distributions
7. Subchapter S distributions
This item contains a Combined Figure data code when the retained earnings schedule on the
Balance Sheet presents an amount for cash dividends but no payments are represented on either the
Statement of Changes in Financial Position or Statement of Cash Flows.
This figure is fully adjusted for all stock splits and stock dividends occurring during that month.
Distributions are presented in the same currency as prices. If necessary, a distribution is converted
into the same currency as the price.
1. Changes in current debt increasing or decreasing working capital for a company reporting a
Working Capital Statement (Format Code = 1)
2. Changes in current debt presented separately within the Financing Activities section for a
company reporting a Statement of Cash Flows (Format Code = 7)
3. Changes in current debt providing a source or detailing a use of funds for a company
reporting a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash
Statement by Activity (Format Code = 3).
Canadian 4. For Canadian annual data, changes in current debt providing a source or detailing a use of
funds for a company reporting a Net Liquid Funds/Net Funds Statement Classified by
Source and Application of Funds (Format Code = 5). On a liquidity statement, changes that
increase liquidity should go into this item as a positive number.
1. Current debt changes are combined with another data item within the Financing Activities
section of a Statement of Cash Flows (Format Code = 7)
2. Current debt changes are reported outside the Financing Activities section on a Statement
of Cash Flows (Format Code = 7)
2. Excess of involuntary liquidating value of outstanding preferred stock over carrying value
(not deducted on banks, life insurance, property and casualty, and utility companies)
3. Intangibles (except for life insurance, and property and casualty companies)
Deferred taxes and investment tax credit (Balance Sheet) are not included in this figure. (See
Deferred Taxes and Investment Tax Credit [Balance Sheet].)
2. Capital surplus
3. Retained earnings
4. Treasury stock adjustments for both common and nonredeemable preferred stock
This figure is not adjusted for either excess liquidating value over carrying value of preferred stock or
intangibles.
Common Shareholders
Annual data item number 100
Units (companies) Thousands
Annual data availability 1975
This item represents the actual number of shareholders of common stock as reported by the
company.
2. Beneficial shareholders
If a company reports more than one class of common stock and gives the number of shareholders by
class, we will add the figures and present the total.
Common treasury shares carried as either assets or liabilities on the Balance Sheet are netted against
the number of common shares issued.
Common shares paid in stock dividends are included when the ex-dividend date falls within the year
even though the payment date falls within the next year.
Common Shares Outstanding will not be the same as Common Shares Used to Calculate Earnings per
Share (Basic) when the company reports earnings per share based on average shares, when there has
been a change in the shares over the year, when more than one class of common stock is outstanding
(as with some companies on the annual Canadian Files), or when the company reports earnings per
share based on common stock equivalents.
Common shares will be excluded when a company nets shares held by a consolidated subsidiary
against the capital account.
This item represents the maximum number of common shares available at year-end that would be
issued by the company if all debt with conversion privileges were converted into common stock.
This item represents the maximum number of common shares at year-end that would be issued by the
company if all preferred stock with conversion privileges were converted into common stock.
Prior to August 22, 1996, this item included shares that are currently convertible or become
convertible at a future date if an amount is reported.
This item represents shares reserved for stock options outstanding as of year-end plus options that are
available for future grants.
This item excludes stock appreciation rights not specifically attached to stock options or associated
with stock options.
This item represents the maximum number of common shares at year end if all the outstanding
convertible debt and preferred stock with conversion privileges were converted into common shares;
if all stock options, warrants, and rights were exercised, and if contingently issuable shares were
issued.
The method of adjusting share data for stock splits and stock dividends that occurred subsequent to
the reporting year is explained in the Adjustment Factor definitions.
Shares traded will be reported even if a partial year is available (such as, a company goes public in the
middle of the year). A zero in this item indicates that the stock was not traded during the entire
calendar year.
Quarterly The quarterly shares traded are on a fiscal rather than calendar-quarter basis.
PDE For Companies, this data represents the number of common shares traded monthly listed on national
stock exchanges and over-the-counter companies in the NASDAQ system. When a company trades
stock on more than one exchange, the shares traded are added together and we present the composite
figure.
PDE For Indexes, this data is only available for the Toronto Stock Exchange 300 Composite. Refer to the
Availability of Industry Index Data table in Chapter 2, Understanding the COMPUSTAT (North
America) Database, for general availability for indexes.
This will be the same (at fiscal year-end) as the shares used to calculate earnings per share given in
the annual report.
After adoption of SFAS #128, Basic Shares excludes dilution and will be collected in this item if the
company reports Diluted shares as anti-dilutive or does not report any values.
Standard & Poor’s calculates this item (when sufficient information is not reported) by dividing Income
Before Extraordinary Items – Adjusted for Common Stock Equivalents by Earnings per Share (Basic) –
Excluding Extraordinary Items.
Quarterly The shares used for quarterly basic earnings per share will not be the same as shares used for 12-
month moving earnings per share ending in the same period unless the company uses actual shares or
there has been no change in basic shares in the last year.
The restated share figure reflects all stock splits and dividends whose ex-dates occur through the end
of the most recent year with a final update code. If the most recent year with a final update code has
an Adjustment Factor (Cumulative) by Ex-Date other than 1.000000 restated common shares used to
calculate for all years should be multiplied by that adjustment factor.
This item represents the shares used to calculate Basic earnings per share plus additional shares that
would be outstanding if dilutive debt, stocks, options and warrants were converted.
This item would have contained a Not Reported (NR) data code if Common Shares Reserved for
Conversion – Total was not equal to zero.
Common Stock
Annual data item number 85
Quarterly data item number 56
Units (companies) Millions of dollars
Annual data availability 1963
Quarterly data availability First quarter, 1972
This item represents the total par or carrying value of common shares issued. Par usually equals the
carrying value. However, when they are not identical, we use the carrying value to calculate this
item.
If convertible on any other basis, the class is converted into the main class of common
and the carrying value of the main class is applied to calculate Common Stock.
Capital Surplus is adjusted by any residual
2. Common stock subscriptions at par or carrying value (the excess of the carrying value will
be included in Capital Surplus)
3. Common treasury stock reported as part of Stockholders’ Equity – Total at par or carrying
value beginning in 1982 and first quarter, 1986, on the annual and quarterly files
respectively
4. Common treasury stock reported on the asset side of the Balance Sheet
Since the adoption of SFAS #128, this item by definition, must be zero.
1. Interest saved from retirement of debt after application of the tax rate or earned from
investments made with proceeds from conversion of options and warrants
2. Interest expense paid on convertible debt after application of the tax rate
Standard & Poor's may calculate savings due to an assumed conversion of preferred stock or debt.
The Common Stock Float Shares – Canada figure is fully adjusted for all subsequent stock splits and
stock dividends. The cumulative adjustment factor can be used to unadjust this item to its original
state. This item includes only those common stock issues that are traded on the Toronto Stock
Exchange (TSE).
Compensating Balance
Annual data item number 168
Units (companies) Millions of dollars
Annual data availability 1974
This item represents cash balances required by a lending institution to support existing borrowing
arrangements of the corporation. These arrangements would include both outstanding borrowings
and the assurance of future credit availabilities.
This item includes compensating balances held in demand deposits, certificates of or time deposits,
and any other instruments of the bank.
3. Foreign guarantees
3. Guarantees of both principal and interest already accounted for as debt on the Balance
Sheet
4. Performance guarantees
1. Debt – Convertible
For banks and savings and loans this item represents interest expense and provision for loan losses.
This item includes the following expenses when broken out separately. If a company allocates any of
these items to Selling, General, and Administrative Expense, we will not include them in Cost of
Goods Sold:
6. Amortization of tools and dies where the useful life is two years or less
8. Departmental costs
9. Direct costs (when a separate Selling, General, and Administrative figure is reported)
14. Extractive industries’ lease and mineral rights charged off and development costs written
off
15. Freight-in
19. Labor and related expenses reported above a gross profit figure (including salary, pension,
retirement, profit sharing, provision for bonus and stock options, and other employee
benefits)
28. Customer-sponsored research and development expense for research and development
companies
30. Supplies
33. Transportation
5. Excise taxes are excluded from Cost of Goods Sold and from Sales (Net) for cigar,
cigarette, liquor, oil and rubber industries
6. Financial service industries’ labor and related expenses (when reported either above or
below a gross profit figure) (included in Selling, General, and Administrative Expense)
9. Labor and related expenses reported below a gross profit figure (including salary, pension,
retirement, profit sharing, provision for bonus and stock options, and other employee
benefits)
11. Operating expenses (when no Selling, General, and Administrative Expense figure is
available)
13. Company-sponsored research and development expense (included in Selling, General, and
Administrative Expense)
Due to company presentation, this item may differ from the historical Cost of Goods Sold.
1. Depreciation
2. Amortization
This item is available for Canadian annual and quarterly formats and for the Industrial annual format.
If a company on the Canadian annual or quarterly formats reports in U.S. dollars, the translation rate
is the translation rate from Canadian to U.S. dollars.
If a company on the Industrial annual format reports in U.S. dollars, the translation rate is 1.000.
3. Advances to suppliers
9. Deferred taxes
12. Estimated claims and other liabilities under Chapter XI bankruptcy proceedings
Exhibition rights
Film rights
Program rights
Television films
14. Non-real estate companies’ properties held for development and sale within one year
21. Total current amounts of advances due from parents and consolidated subsidiaries
This item excludes tools listed in current assets (included in Inventories – Total).
6. Deferred taxes
7. Deposits
10. Non-real estate companies’ properties held for development and sale within one year
15. Total of current amounts of advances due from parents and consolidated subsidiaries
1. Prepaid taxes other than prepaid income taxes (included in Current Assets – Other)
2. Supplies (included in Current Assets – Other when listed apart from inventory)
3. Accrued dividends
5. Accrued liabilities
8. Advances
9. Advertising
13. Commissions
21. Estimated claims and other liabilities under Chapter XI or other bankruptcy proceedings
22. Interest
27. Pensions
31. Rent
32. Reserves
34. Royalties
35. Salaries
39. Warranties
This item excludes accounts payable to unconsolidated subsidiaries (included in Accounts Payable).
2. Accrued dividends
4. Advances
9. Customer deposits
13. “Due to” or “payable to” related parties, unconsolidated subsidiaries or affiliates unless
specifically called “trade”
15. Estimated claims and other liabilities under Chapter XI or other bankruptcy proceedings
22. Reserves
This is the description of the foreign government(s) to which the company has
sold products or services during the past year. If no specific country or region is
mentioned by the company, this item will contain Foreign Govt.
CNAME (3) – If a company derives 10 percent or more of its revenue from a single customer,
CNAME (6) the customer’s name should be reported by the company. However, it is not
unusual for a company to neither report the name of a principal customer
(CNAME) nor the dollar amount of revenue (CSALE) derived from the
customer.
If a company doesn’t report a customer’s name but does give the amount of sales to that customer, we
show the data in this way:
CNAME CSALE
Not Reported 182.000
When the customer’s name is reported without a corresponding sales figure, we input the customer
name in CNAME and a Not Available data code (.0001) in CSALE.
In some instances, a company will report aggregate revenue from a number of unnamed customers.
In this case information is placed in one of the CNAME (3) - CNAME (6) fields as follows:
CNAME CSALE
4 Customers 535.000
In instances where Standard & Poor’s follows more than one class of stock for a company, we maintain
multiple records for that company under the same CUSIP Issuer Code. The issue currently trading the
greatest number of shares is the issue that is available on COMPUSTAT. Differences between the classes of
stock appear in the CUSIP Issue Number and Check Digit.
Assigned CUSIP Issuer Codes have 99 in the fourth and fifth positions of the CUSIP
Issuer Code.
CUSIP Issuer Codes conform to the CUSIP numbering system. For further information about
CUSIP, contact:
All industry records contain 000000 in the CNUM field, which provides an easy method for
identifying these records.
Data Quarter
Period descriptor (Industrial Quarterly DATA QUARTER
files)
Units Code
Position number on Daily 28
Fundamental File
The Data Quarter represents a three-month fiscal period for which data has been collected. Digits 1,
2, 3, or 4 in the field indicate the fiscal quarter to which the data applies.
2. Lease term is equal to 75 percent or more of the estimated economic life of the leased
property
3. Present value of the minimum lease payment (excluding executory costs) equals or exceeds
90 percent of the fair value of the leased property
Debt – Convertible
Annual data item number 79
Units (companies) Millions of dollars
Annual data availability 1969
This item represents all long-term debt convertible to the company’s common or preferred stock.
1. Convertible bonds
2. Convertible debentures
3. Convertible notes
The amount of capitalized lease obligations payable in the second, third, fourth, and fifth years is
included.
1. Capitalized leases
2. Collateralized debt
4. Construction loans
9. Mortgage notes/bonds
Debt – Notes
Annual data item number 81
Units (companies) Millions of dollars
Annual data availability 1969
This item represents long-term debt possibly secured by the pledge of property or securities owned by
the company. The major difference between notes and bonds is that notes have a shorter maturity
period.
1. All long-term debt, labeled notes, which is neither convertible nor subordinated
2. Notes and other debt when presented together (included in Long-Term Debt – Other)
1. Convertible bonds
2. Convertible debentures
3. Convertible notes
1. Subordinated debentures
2. Subordinated bonds
3. Subordinated notes
This item contains a Combined Figure data code when it is combined with Debt – Senior
Convertible.
1. Debt Discount
4. Construction loans
6. Debt in default
9. Installments on a loan
16. Notes payable that are included in accounts payable, unless specifically trade notes payable
This item may include mortgage indebtedness for banks (included in Current Liabilities – Other, if
identifiable).
1. Checks outstanding
2. Drafts payable
4. Estimated claims and other liabilities under Chapter XI or other bankruptcy proceedings
5. Interest payable
5. Finance service companies’ loan costs and finance charges on installment obligations netted
against receivables (included in Receivables – Total)
7. Motion picture production companies’ film distribution systems (included in Assets – Other
– Excluding Deferred Charges)
1. Domestic International Sales Corporation (DISC) taxes (when included with deferred
income taxes)
2. Effects of flow-through investment tax credits when the company groups the Investment
Tax Credits with deferred taxes
This item excludes net amortized investment tax credits of foreign companies (included in Deferred
Taxes – Foreign),
For foreign companies, this item includes deferred income taxes payable to governments outside their
country.
1. Deferred state income taxes classified as part of Cost of Goods Sold or Selling, General,
and Administrative Expense
This item includes deferred investment tax credits (when combined with deferred taxes and a separate
figure is not available)
2. Deferred investment tax credit (when a separate figure is available) (included in Investment
Tax Credit (Balance Sheet))
This item is not available for banks or real estate investment trust companies.
1. Deferred taxes are combined with another item in the Operations or Operating Activities
section
2. Deferred taxes are reported outside the funds from Operations section
Quarterly This item is not available for utilities.
Quarterly Data reflects year-to-date figures for each quarter.
2. Mining taxes
3. Resource taxes
4. Production taxes
This item is not available for banks or real estate investment trust companies.
This item represents the non-cash charge for the removal, extinguishment, or exhaustion of natural
resources from producing properties.
This item represents the beginning balance of a company’s accumulated depreciation account as
reported on Schedule VI. This item includes the effects of pooling of interest acquisitions.
This item represents the accumulated depreciation of buildings used in company operations and
reported on Schedule VI.
1. Depreciation on buildings used to house the activities of people and equipment for
continuing operations
4. Storage buildings
This item represents the accumulated depreciation on the capitalized amount of incomplete
construction of plant and equipment as reported on Schedule VI.
This item represents the amount of depreciation on land as reported on Schedule VI. Since land is
generally not depreciable, this figure will most likely be a combination of depreciation on land and
other assets, such as natural resources.
This item represents the accumulated depreciation on the capitalized value of leases and leasehold
improvements as reported on Schedule VI.
This item represents the accumulated depreciation on the capitalized amount of equipment used in the
production of revenue and reported on Schedule VI.
2. Equipment leased to others included in property, plant, and equipment on the schedules
This item represents accumulated depreciation on natural resources as reported on Schedule VI.
1. Natural resources extracted from either open pit or shaft mines, including metals such as
copper, iron, lead, silver, and gold, and minerals like coal, salt, potash, and limestone
2. Oil and gas reserves from wells drilled below the earth’s surface
3. Timberlands
This item represents accumulated depreciation on other property, plant, and equipment, which cannot
be readily classified as land, natural resources, buildings, machinery and equipment, leases, or
construction in progress. The amount of depreciation is collected from Schedule VI.
1. Golf courses
2. Intangibles
4. Property to be discontinued
5. Rental properties
This item represents changes to the accumulated depreciation account not classified elsewhere on
Schedule VI.
This item represents a deduction from the accumulated depreciation account due to the retirement of
property, plant, and equipment.
1. Airlines’ provision for obsolescence of materials and supplies even if the associated item is
a current asset
8. Depletion charges
11. Business Information files data may differ from Annual data due to variances in accounting
methods (i.e., successful efforts vs. full-cost method) for oil companies.
12. Real estate companies’ amortization of development and production expense if included in
property, plant, and equipment on the Balance Sheet
12. Write-downs of oil and gas properties (included in Cost of Goods Sold)
Due to company presentation, this item may differ from the historical Depreciation and Amortization.
Acceptable differences are:
2. Amortization of intangibles
1. Accretion
This item represents the amount of depreciation charged to the accumulated depreciation account by
the company.
3. Depletion
4. Depreciation
5. Reserve for possible future loss on disposals (when included in depreciation and
amortization)
2. Dollar savings from after-tax amount of interest recognized in the period associated with
any convertible debt
Discontinued Operations
Annual data item number 66
Quarterly data item number 33
Units (companies) Millions of dollars
Annual data availability 1950
Quarterly data availability First quarter, 1961
This item represents the total of income (loss) from operations of the discontinued division and the
gain (loss) on the disposal of the division.
2. All discontinued operations reported after continuing income and before extraordinary items
3. Discontinued operations for which separate taxes are not reported (one tax figure is given
for both discontinued operations and extraordinary items)
2. Discontinued operations reported in the body of the Income Statement with continuing
operations (included in Special Items)
3. Gain or loss on the sale of operations for foreign companies when reporting under an
extraordinary item heading (included in Extraordinary Items with AZ footnote) and the
discontinued operations are reported above taxes
Dividends – Common
Annual data item number 21
Units (companies) Millions of dollars
Annual data availability 1950
This item represents the total dollar amount of dividends (other than stock dividends) declared on the
common stock of the company during the year as reported on the Stockholder’s Equity statement.
This item includes:
1. Cash dividends to all classes of common stock by companies with more than one class of
common stock
4. Dividends declared by a pooled company prior to acquisition in the year of the merger,
including dividends on preferred stock of a merged company which was exchanged for
common stock
6. Preferred dividends
This item is based on the major class of common stock outstanding when there is more
than one class of common stock.
1. Foreign companies report dividends per share in U.S. dollars and cents
Dividends – Preferred
Annual data item number 19
Quarterly data item number 24
Units (companies) Millions of dollars
Annual data availability 1950
Quarterly data availability First quarter, 1966
Annual position number on Daily 73
Fundamental File
Quarterly position number on Daily 146
Fundamental File
This item represents the total amount of the preferred dividend requirements on cumulative preferred
stock and dividends paid on noncumulative preferred stock of the company during the year as
reported on the Stockholder’s Equity statement.
2. Accretion of discount on preferred stock when the company is using it in the earnings per
share calculation
4. Preferred dividends of a merged company acquired by the pooling of interest method (in the
year of the merger) unless the preferred stock was exchanged for common stock of the
acquiring company (included in Dividends – Common)
5. Preferred dividends deducted only for that portion of the year the stock was outstanding (if
an entire issuance of convertible preferred stock is converted into common during the year)
7. The amount of dividend requirements used to calculate earnings available for common
shareholders
3. Dividends on old preferred stock treated as common dividends (if common stock is issued
by the company in exchange for preferred stock of another company)
4. Preferred dividends not paid (in arrears) and not included in the earnings per share
calculation
2. Dividends accrued that are cumulative for more than one year
Standard & Poor’s uses the ex-date of the cash dividend to determine the reporting period in which the
dividend is included. In cases where dividends are normally paid quarterly but the ex-dates of two dividend
payments fall within the same quarter, both dividends are included in that quarter.
This item includes any extra dividends whose ex-dates occur during the period.
For annual and quarterly data, this item is adjusted for stock splits and dividends that occur in the reporting
period by the Adjustment Factor (Cumulative) by Ex-Date for that period.
This data item is updated the week after the fiscal year-end.
For companies that have more than one class of common stock outstanding, Standard & Poor’s bases
dividends per share on the class of stock that is most widely traded.
Dividends are zero until a company goes public and for periods when no dividend is paid.
Canadian For Canadian companies, this item is as reported from the annual report.
Quarterly This item is available regardless of whether or not the quarter has been updated.
PDE For monthly data, this item is fully adjusted for subsequent stock splits and stock dividends. The
cumulative adjustment factor can be used to unadjust this item to its originally reported state.
PDE When a dividend and a stock split/dividend occur during the same month, the dividend is adjusted if
it occurs on or before the day of the stock split/dividend. If the dividend occurs after the stock
split/dividend, the dividend is as reported.
PDE Current sources for this data item are Interactive Data Services, Inc. (IDSI) and Standard & Poor’s
Dividend Record book.
PDE For Indexes, this information is obtained from the Standard & Poor’s Analyst’s Handbook, The
Wall Street Journal, and Barrons. Refer to the Availability of Industry Index Data table in Chapter
2, Understanding the COMPUSTAT (North America) Database, for general availability for indexes.
This item includes any extra dividend whose payable date occurred during the period.
Dividends per Share by Payable Date for companies having more than one class of common stock
outstanding will be based upon the class of stock that is more widely traded (based on volume of
shares traded).
The Dividend per Share by Payable Date will always be zero until a company goes public.
Quarterly The payable date of the cash dividend is used to determine the reporting period in which the dividend
is included. If the payable dates of more than one dividend payment fall in the same quarter, all
dividends will be included in that quarter.
Quarterly This item includes all dividends paid to date for the quarter and will be available regardless of
whether or not the quarter has reported.
Code Description
00 No duplicate file
81 Company on Primary Industrial and Canadian
files
83 Company on Tertiary and Canadian files
84 Company on Supplementary Industrial and
Canadian files
86 Company on Full-Coverage, Over-the-Counter,
and Canadian files
91 Company on Full-Coverage and Primary
Industrial files
(Continued on following page.)
Effective December 15, 1997, Statement of Financial Accounting Standards (SFAS) #128 requires
companies to report Basic and Diluted Earnings per Share, replacing Primary and Fully Diluted
Earnings per Share. The change will affect financial statements issued after this date.
The figure is reported the same as basic earnings per-share if dilution is immaterial (less than three
percent).
The figure will always be presented if diluted earnings per share are reported by the company.
1. Discontinued operations
2. Extraordinary Items
3. Preferred dividends
The anti-diluted earnings per-share for fiscal periods 1977 and forward will be presented if reported
by the company. When a company reports that the calculation of diluted earnings per-share results in
anti-dilution but does not report the anti-diluted earnings per-share, this item will be Not Available.
Prior to 1977, anti-diluted earnings per-share is not presented.
The historical earnings per-share items are adjusted by the Adjustment Factor (Cumulative) by Ex-
Date for that year or quarter for stock splits and dividends occurring subsequent to the reporting
period.
Due to company presentations, this item may differ from the historical Earnings per Share (Diluted) –
Excluding Extraordinary Items. (See Earnings per Share (Diluted) – Excluding Extraordinary Items.)
Effective December 15, 1997, Statement of Financial Accounting Standards (SFAS) #128 requires
companies to report Basic and Diluted Earnings per Share, replacing Primary and Fully Diluted
Earnings per Share. The change will affect financial statements issued after this date.
The restated earnings per-share figures reflect all stock splits and dividends whose ex-dividend dates
occur through the end of the most recent year with a final update code. If the most recent year with a
final update code has an Adjustment Factor (Cumulative) by Ex-Date other than 1.000000, restated
earnings per-share for all years should be divided by that adjustment factor.
Diluted earnings per share will be equivalent to basic earnings per share, if the company reports no
dilution or immaterial dilution.
Effective December 15, 1997, Statement of Financial Accounting Standards (SFAS) #128 requires
companies to report Basic and Diluted Earnings per Share, replacing Primary and Fully Diluted
Earnings per Share. The change will affect financial statements issued after this date.
The figure is reported the same as Basic Earnings per Share Including Extraordinary Items and
Discontinued Operations if dilution is immaterial (less than three percent).
The figure will always be presented if a diluted earnings per-share is reported by the company.
1. Discontinued operations
2. Extraordinary Items
The anti-diluted earnings per-share will be presented for fiscal periods 1977 and forward if reported
by the company. When a company reports that the calculation of diluted earnings per-share results in
anti-dilution but does not report the anti-diluted earnings per-share, this item will be Not Available.
Prior to 1977, anti-diluted earnings per-share will not be presented.
The historical earnings per-share items are adjusted by the Adjustment Factor (Cumulative) by Ex-
Date for that year or quarter for stock splits and dividends occurring subsequent to the reporting
period.
Due to company presentation, this item may differ from the historical Earnings per Share (Diluted) –
Including Extraordinary Items. (See Earnings per Share (Diluted) – Including Extraordinary Items.)
Effective December 15, 1997, Statement of Financial Accounting Standards (SFAS) #128 requires
companies to report Basic and Diluted Earnings per Share, replacing Primary and Fully Diluted
Earnings per Share. The change will affect financial statements issued after this date.
The restated earnings per-share figures reflect all stock splits and dividends whose ex-dividend dates
occur through the end of the most recent year with a final update code. If the most recent year with a
final update code has an Adjustment Factor (Cumulative) by Ex-Date other than 1.000000, restated
earnings per-share for all years should be divided by that adjustment factor.
Diluted earnings per share will be equivalent to basic earnings per share, if the company reports no
dilution or immaterial dilution.
The earnings figures should be reported by the company (as outlined in Accounting Principles Board
Opinion No. 15) after the effect of conversion of convertible preferred, convertible debentures, and
options and warrants which have been identified as common stock equivalents and before
extraordinary items.
Effective December 15, 1997, Statement of Financial Accounting Standards (SFAS) #128 requires
companies to report Basic and Diluted Earnings per Share, replacing Primary and Fully Diluted
Earnings per Share. The change will affect financial statements issued after this date.
This figure may differ from company reports in the following instances:
1. Company reports this item before the equity in earnings of nonconsolidated subsidiaries
2. Company reports this item to include extraordinary items and/or discontinued operations
The Adjustment Factor (Cumulative) by Ex-Date for that year or quarter for stock splits and
dividends that occurred subsequent to the reporting period adjust the historical earnings per-share
items.
This figure is calculated by adding four quarters of available for common and dividing by the
12-months moving share figure.
1. At year-end, this figure will be the same as the annual earnings figure reported to shareholders
2. In interim quarters, this figure will equal (within four cents deviation) the sum of four
quarters of Earnings per Share (Basic) – Excluding Extraordinary Items
It should be noted that the Earnings per Share data is carried on a restated basis. For example, when a
company reports for a new quarter and at the same time reports different data than originally reported for the
corresponding quarter of the prior year, that data for the corresponding quarter of the prior year is changed
and said to be restated. These restatements can be due to such things as mergers, acquisitions, discontinued
operations, and accounting changes. This handling tends to affect 12-month moving earnings per share for
prior quarters in that from one to three quarters of a four-quarter total may contain restated data, whereas the
other quarters may not.
A similar situation occurs when a company reports in a manner which includes either six, nine, or
twelve months of an acquisition in a particular quarter. This will tend to overstate or understate
certain 12-month moving earnings per share data.
For some companies, there will be gaps in the earnings series, or periods of months where the
earnings are not carried on the file. Generally, these will be periods in which quarterly earnings are
not reported, such as earnings reported on a semi-annual or annual basis rather than quarterly, fiscal
year changes, and major mergers.
PDE For the PDE File, it is entered in the company’s fiscal quarter-end month and in the two following
months. For example, if a company has a fiscal year of December (12), the earnings figure for the
twelve months ending in the first fiscal quarter of 1995 would be entered in months March, April, and
May of 1995. If a company has a February fiscal year, its third quarter 1994 figure would be entered
in November and December of 1994 and January 1995. For interim quarters, this figure will equal
the sum of the four most recent quarters of Basic Earnings per Share (within a four-cent deviation).
PDE The earnings figure is fully adjusted for all subsequent stock splits and stock dividends. The
cumulative adjustment factor can be used to unadjust this item to its originally reported state.
PDE For Indexes, this information is obtained from the Standard & Poor’s Analyst’s Handbook, The Wall
Street Journal, and Barrons. Refer to the Availability of Industry Index Data table in Chapter 2,
Understanding the COMPUSTAT (North America) Database, for general availability for indexes.
Due to company presentation, this item may differ from the historical Earnings per Share (Basic) –
Excluding Extraordinary Items. (See Earnings per Share (Basic) – Excluding Extraordinary Items.)
Effective December 15, 1997, Statement of Financial Accounting Standards (SFAS) #128 requires
companies to report Basic and Diluted Earnings per Share, replacing Primary and Fully Diluted
Earnings per Share. The change will affect financial statements issued after this date.
The restated earnings per-share figures reflect all stock splits and dividends whose ex-dividend dates
occur through the end of the most recent year with a final update code. If the most recent year with a
final update code has an Adjustment Factor (Cumulative) by Ex-Date other than 1.000000, restated
earnings per-share for all years should be divided by that adjustment factor.
This item represents, for banks, net current operating earnings per share excluding extraordinary
items restated up to five years and includes net after-tax and after minority interest profit or loss on
securities sold or redeemed.
Due to company presentation, this item may differ from the historical Earnings per Share (Basic) –
Including Extraordinary Items. (See Earnings per Share (Basic) – Including Extraordinary Items.)
Effective December 15, 1997, Statement of Financial Accounting Standards (SFAS) #128 requires
companies to report Basic and Diluted Earnings per Share, replacing Primary and Fully Diluted
Earnings per Share. The change will affect financial statements issued after this date.
2. Discontinued operations
3. Extraordinary items
4. Special items
This item represents Earnings per Share (Basic) – Excluding Extraordinary Items adjusted to remove the
effect of all Special Items from the calculation. This earnings per share item excludes the effect of all
nonrecurring events.
2. Discontinued operations
3. Extraordinary items
4. Special items
PDE The Earnings per Share from Operations - 12 Months Moving figure is fully adjusted for all subsequent
stock splits and stock dividends. The cumulative adjustment factor can be used to unadjust this item to its
original state.
This item represents Earnings per Share (Diluted) – Excluding Extraordinary Items adjusted to remove the
effect of all Special Items from the calculation. This earnings per share item excludes the effect of all
nonrecurring events.
2. Discontinued operations
3. Extraordinary items
4. Special items
Standard & Poor’s presents earnings per share as originally reported (not restated) and adjusted for
stock splits and dividends.
Standard & Poor’s presents only consolidated earnings per share on a fiscal year or interim quarter
basis.
Employees
Annual data item number 29
Units (companies) Thousands
Annual data availability 1950
Position number on Daily 74
Fundamental File
This item represents the number of company workers as reported to shareholders. This figure is
reported by some firms as an average number of employees and by some as the number of employees
at year-end. No attempt has been made to differentiate between these bases of reporting. If both are
given, the year-end figure is used.
This item always represents the number of year-end employees for banks.
4. Officers
1. Consultants
2. Contract workers
3. Directors
Footnote code
IE Includes significant (10 percent or more) seasonal or part-time
employees
Employees (Restated)
Annual data item number 146
Units (companies) Thousands
This item represents the number of employees restated up to 10 years for acquisitions, accounting
changes, and/or discontinued operations. Restated data is collected from summary presentations and
is as reported by the company.
Equity in Earnings
Annual data item number 55
Units (companies) Millions of dollars
Annual data availability 1950
This item represents the parent company’s share of earnings/loss from an unconsolidated subsidiary
carried at equity for the year.
This item includes:
1. Amortization of goodwill on unconsolidated subsidiaries
2. Equity in earnings of a subsidiary sold during the year
3. Dividends received plus undistributed earnings of unconsolidated subsidiaries
4. Retail companies’ income of unconsolidated finance subsidiaries that may be reported or
included in interest expense
This item excludes:
1. Equity in earnings presented as discontinued operations
2. Undistributed earnings only if the subsidiary pays dividends
3. Equity in earnings shown as an extraordinary item
This item is not available for banks.
Footnote code
TE Equity reported after taxes (used only when the majority of the
equity figure is reported below taxes)
If dividends from unconsolidated subsidiaries appear after the operations section, Standard & Poor’s adjusts
this item and total operations to include dividends for companies reporting a Working Capital Statement
(Format Code = 1) or a Cash by Source and Use of Funds Statement (Format Code = 2). This item is also
adjusted to include dividends on a Statement of Cash Flows (Format Code = 7).
It should be noted that only the major exchange on which a company’s common stock is traded is identified.
For example, a company trading on both the New York Stock Exchange and the American Stock Exchange
would be identified with the appropriate New York Stock Exchange code.
The codes identified for the ZLIST variable on COMPUSTAT (North America) files are as follows:
1
National Association of Securities Dealers Automated Quotations
2
Pink Sheet™ is a trademark of the National Quotation Bureau, Inc.
Excise Taxes
Annual data item number 102
Units (companies) Millions of dollars
Annual data availability 1975
This item represents the amount of excise tax collected by the company for the period. It is a
government-levied tax on the manufacture, sale, or consumption of a commodity (such as, liquor,
tobacco, rubber, and oil) and is included in the sale price, collected by the seller, and remitted to the
government. This tax is applicable to companies engaged in the manufacture, sale, or consumption of
the commodities listed above.
This item will have a Combined Figure (CF) data code when:
1. Export sales are reported as part of the domestic sales or geographic sales figure with no break
out available
This item will have an Insignificant (IS) data code when exports are insignificant, immaterial or less
than 10%.
Export sales values prior to 1998, represent aggregate export sales for a geographical segment.
Beginning in 1998, aggregate export sales values will be included in the domestic geographical
segment’s Export Sales. Values for additional segment-level export sales may be included in foreign
geographical segments.
Extraordinary Items
Annual data item number 192
Quarterly data item number 119
Units (companies) Millions of dollars
Annual data availability 1950
Quarterly data availability First quarter, 1976
This item represents unusual items designated by the company as extraordinary and presented after
net income from continuing operations and discontinued operations.
An item must be both unusual in nature and occur infrequently to qualify as extraordinary.
Any item that could be classified as an extraordinary item can also be shown before taxes and would
be included in Special Items.
1. After-tax adjustments to net income for the purchase portion of net income of partly pooled
companies
2. Amortization of intangibles (included in Depreciation, Depletion, and Amortization)
3. Equity in earnings of an unconsolidated subsidiary (included in Nonoperating Income
[Expense])
4. Gain or loss on securities when they are a regular part of a company’s operations
5. Operations labeled discontinued and reported as a separate item by the company
6. Shipping firms’ prior years’ operating differential subsidies and estimated profit
adjustments; prior years’ operating differential subsidies are treated as Nonoperating
Income (Expense); the current year’s operating differential subsidy is included in Sales
(Net); adjustments to estimated profits by shipping companies reporting by this method are
ignored
Quarterly This item is not available for banks and utility companies.
4. Gain/loss on the sale of discontinued operations of foreign companies when reported under
an extraordinary item heading
1. After-tax adjustments to net income for the purchase portion of net income of partly pooled
companies
3. Discontinued operations reported in the body of the income statement with continuing
operations
5. Gain or loss on securities when they are a regular part of a company’s operation
6. Shipping firms’ prior years operating differential subsidies that are treated as Nonoperating
Income (Expense). The current year’s operating differential subsidy is included in Sales
(Net). Shipping companies’ adjustments to estimated profits reported by this method are
ignored
7. Special items (unusual and/or nonrecurring items considered special items by the company)
Those subscribing to other COMPUSTAT files can use the File Identification Code to match each
company with the appropriate COMPUSTAT file carrying its fundamental data. The File
Identification Codes are specified as follows:
Code File
This item contains a Not Available data code for companies that report a Working Capital Statement
(Format Code = 1), a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash
Statement by Activity (Format Code = 3).
Increases in cash from financing activities appear as positive numbers. Decreases appear as negative
numbers.
1. Adjustments relating to capital surplus or retained earnings (when reported separately from
capital stock exchanges)
4. Foreign currency exchange effects (when reported in the Financing Activities section)
1. Change in debt
2. Change in stock
3. Dividends
4. Long-term and short-term debt items when reported as a combined item
Increases in cash are presented as positive numbers. Decreases are presented as negative numbers.
This code is found in the FYR field on the tape and designates the month in which each company’s
accounting year-ends. The possible codes are 01–12.
Examples:
April 1995 95 1 01
July 1995 95 2 01
October 1995 95 3 01
January 1996 95 4 01
(Continued on following page)
September 1995 96 1 06
December 1995 96 2 06
March 1996 96 3 06
June 1996 96 4 06
Since companies sometimes change their accounting years, it is possible for there to be different fiscal
year codes carried in different periods for the same company.
It should be noted that all industry records carry a fiscal year code of 12.
Code Description
The Fortune 500 is a single list combining industrial and service companies, ranked in size by
revenues. Prior to 1994, this list was divided into two major categories: the Fortune 500 Industrial
and the Fortune 500 Service groups. The former service breakouts will only be available for 1993
and prior periods.
This item is reported on a calendar-year basis regardless of the company’s fiscal year-end.
Fortune Rank
Annual data item number 279
Units (companies) Code
Annual data availability 1982
This item represents a numerical ranking of companies by sales, within each Fortune industry listing.
Company rankings are identified by numbers 1-500 with a 1 code designating the largest company.
Prior to 1994, companies were ranked within each industry listing.
This item is reported on a calendar year basis regardless of the company’s fiscal year-end.
1. Accretion
5. Equity related items when the change affects the Income Statement and not the Balance
Sheet
6. Minority interest (reported in operations) if the amount does not tie out to the Balance
Sheet change
8. Prior to 1987, this item included the loss (gain) on sale of property, plant, and equipment
reported within the Operations section
12. Unrealized gains (losses) on sale of property, plant, and equipment (beginning in 1987)
2. Changes in operating asset (liability) accounts on a Statement of Cash Flows (Format Code
= 7)
1. Components of the change in working capital reported in the Operations section when not
grouped together or reported as one total
This item excludes changes in working capital items when reported either as one total or when
grouped together either on a Cash by Source and Use of Funds Statement (Format Code = 2) or a
Cash Statement by Activity (Format Code = 3).
This item contains a Not Available data code for a company reporting a Statement of Cash Flows
(Format Code = 7).
Code Designation
ISO (ISO Country Code Type) – These three letter codes are internationally recognized to indicate
specific countries. Example: FRA represents France.
REG (Region Code Type) – These codes are up to 8 letters long and describe broad geographic
regions. Example: R_WORLD represents Rest-of-World.
STATE (State Code Type) – These two letter codes are the same as the state postal abbreviations
and indicate specific states. Example: CO represents Colorado.
Each business segment identified with a NAICS code will also be assigned a Global Industry Code.
This sector code describes the market segment that the company/segment competes in rather than its
manufacturing products or services. For example, pearl farming receives an agricultural NAICS
classification, but the competitive market is actually Gems/Jewelry.
4. Purchased goodwill
3. Negative goodwill
Identifiable Assets
Data item number (Industry and 5
Geographic segment files)
Units (companies) Millions of dollars
Data availability 7 years
This item represents the tangible and intangible assets that are used by, or directly associated with,
each industry segment or geographic segment.
1. After tax adjustments for net income for the “purchase” portion of net income of “part-
pooled” companies
2. Amortization of intangibles
4. Gain or loss on the sale of securities when they are a regular part of a company’s operations
This item, for banks, includes net profit or loss on securities sold or redeemed after applicable
deductions for tax and minority interest.
The preferred dividend requirements used in this calculation will normally be the same as the
preferred dividends declared.
2. If all convertible preferred stock is converted into common during the year, preferred
dividends are deducted only for that portion of the year in which the stock was outstanding
3. If the pooling of interest method was used to account for a merger, preferred dividends of
the acquired company are included. If preferred stock was exchanged for common stock of
the acquiring company, preferred dividends of the merger company are treated as common
dividends.
On a preliminary basis, this item may be obtained by subtracting the latest reported dividend
requirements on preferred shares outstanding from net income.
1. DISC (Domestic International Sales Corporation) taxes (when included with current income
taxes)
2. Effect of flow-through Investment Tax Credit
3. Foreign companies’ taxes payable to their governments
4. Investment Tax Credit recapture when presented separately
5. Territorial income taxes (such as, Puerto Rico)
6. Utilized portion of alternative minimum tax
This item excludes:
1. Any federal tax provision that is clearly not current or deferred (included in Income Taxes –
Other)
This data item is not applicable to real estate investment trust companies.
This item is not broken out separately for banks or property and casualty companies, but is included
in Income Taxes – Total.
This item represents foreign companies’ current income taxes payable to governments outside their
country.
This data item is not applicable to real estate investment trust companies.
This item is not broken out separately for banks, utilities, or property and casualty companies, but it is
included in Income Taxes – Total.
1. Effect of an accounting change for DISCs (Domestic International Sales Corp) when
presented separately
2. Provision for income taxes applicable to a carry forward tax loss for companies that have
not adopted SFAS #96
5. Shipping companies’ tax benefit of Safe Harbor leases (unless specifically included in
deferred taxes by the company).
1. Effect of an accounting change for DISCs when included with another component of
income taxes
4. Provision for income taxes applicable to a carry forward tax loss for companies that have
adopted SFAS #96
1. State income taxes classified as Cost of Goods Sold or Selling, General and Administrative
This item is not broken out separately for banks, property and casualty, or Canadian companies, but is
included in Income Taxes – Total.
1. Cash paid for income taxes applicable to both current and prior years
2. Net income taxes paid even if a negative number (if a gross figure is reported, income tax
refunds will be netted against it)
This item contains a Not Available data code for companies reporting a Working Capital Statement
(Format Code = 1), a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash
Statement by Activity (Format Code = 3).
This item contains a Not Available data code on a Statement of Cash Flows when:
1. A company uses the direct method for reporting its Statement of Cash Flows and income
taxes cannot be separated from other payments or receipts
2. Income taxes paid are not presented on the face of the statement or in the notes
5. Sale of property held for sale when included as an investment on the Balance Sheet
2. Increase in Investments is combined with another item either within or outside the Investing
Activities section on a Statement of Cash Flows (Format Code = 7)
3. Increase in Investments is combined with another item for a company reporting a Working
Capital Statement (Format Code = 1), a Cash by Source and Use of Funds Statement
(Format Code = 2), or a Cash Statement by Activity (Format Code = 3)
This item may include current receivables when a company reports an unclassified Balance Sheet.
Intangibles
Annual data item number 33
Units (companies) Millions of dollars
Annual data availability 1950
Position number on Daily 84
Fundamental File
This item represents the net value of intangible assets. Intangibles are assets that have no physical
existence in themselves, but represent rights to enjoy some privilege.
2. Client lists
4. Contract rights
6. Copyrights
8. Design costs
13. Favorable leases, beneficial lease rights, and leasehold interest advantages
15. Film license rights (except for radio and television broadcasters)
5. Film development costs (included in Property, Plant, and Equipment – Total [Net])
8. Negative intangibles
11. Software, software costs or software licenses (included in Assets – Other – Excluding
Deferred Charges)
Interest Expense
Annual data item number 15
Quarterly data item number 22
Units (companies) Millions of dollars
Annual data availability 1950
Quarterly data availability First quarter, 1967
Annual position number on Daily 129
Fundamental File
Quarterly position number on Daily 200
Fundamental File
This item represents the periodic expense of securing short- and long-term debt. When possible, a
gross figure is presented (that is, if Interest Expense is reported net by the company, Standard &
Poor’s adds back interest income and interest capitalized to arrive at a gross figure).
6. Factoring charges (unless included in Cost of Goods Sold or Selling, General, and
Administrative Expense)
7. Financing charges
10. Interest on tax settlements (when included with other interest expense)
1. Interest income
2. Interest on tax settlements (when reported separately from other interest expense) (included
in Special Items)
Quarterly Interest expense is net of interest income for companies that do not report interest expense separately
on a quarterly basis. We present all four quarters consistently and footnote the item.
2. Debt issuance expense (such as underwriting fees, brokerage costs, and advertising costs)
5. Financing charges
2. Interest capitalized
Interest Income
Annual data item number 62
Units (companies) Millions of dollars
Annual data availability 1950
This item represents the revenue received from interest-bearing obligations held by the company
(included in Nonoperating Income [Expense]) on quarterly file.
1. Capitalized interest
2. Dividend income
This item contains a Combined Figure data code when it is combined with one or more of the
following data items:
1. Interest expense
2. Investment income
3. Non-operating income/expense
5. Sales (net)
This item excludes interest and dividend income from unconsolidated subsidiary/affiliate.
1. Accrued interest
2. Capitalized interest
3. Interest expense
This item contains a Not Available data code for companies that report a Working Capital Statement
(Format Code = 1), a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash
Statement by Activity (Format Code = 3).
This item contains a Not Available data code on a Statement of Cash Flows when interest paid is
not reported on the statement or in the notes
This item contains a Combined Figure data code on a Statement of Cash Flows when a company
uses the direct method for reporting its Statement of Cash Flows and interest cannot be separated
from other payments or receipts
Inventories – Other
Annual data item number 186
Units (companies) Millions of dollars
Annual data availability 1984
This item represents the amount of inventory that cannot be categorized as raw materials work in
process, or finished goods.
This item includes:
1. Adjustments for LIFO reserves
2. Demonstration inventory unless it clearly belongs in one of the other inventory components
3. Inventory valuation unless a valuation allowance for slow-moving, obsolete, or surplus
inventory
4. Purchased parts held for resale
This item excludes:
1. Allowance for slow moving, obsolete, or surplus inventory (included in Inventories –
Finished Goods)
2. Progress payments (included in Inventories – Work in Process)
3. Residuals due to rounding
This item is not available for banks or utilities companies.
This item is not available for banks, utilities, finance, savings and loan or real estate investment trust
companies.
Inventories – Total
Annual data item number 3
Quarterly data item number 38
Units (companies) Millions of dollars
Annual data availability 1950
Quarterly data availability First quarter, 1976
Annual position number on Daily 87
Fundamental File
Quarterly position number on Daily 160
Fundamental File
This item represents merchandise bought for resale and materials and supplies purchased for use in
production of revenue.
3. Agricultural companies’ advances to planters (when reported in the Current Assets section)
4. Agricultural companies’ growing crops (when reported in the Current Assets section)
5. Banks and savings and loans’ assets held for sale and other real estate owned
6. Bottles, cases, and kegs (when reported in the Current Assets section)
8. Bullion
18. Real estate companies’ land purchase option deposits, land held for development, and
completed homes and developed land for sale to customers (when reported in the Current
Assets section) and construction in progress
22. Unbilled revenue related to long-term contracts if accounted for using the Fixed Price
Method of accounting
2. Real estate companies’ land purchase option deposits, land held for development, and
completed homes and developed land for sale to customers (when reported outside the
Current Assets section) (included in Property, Plant, and Equipment – Total [Net])
4. Unbilled costs
This item is not available for banks, utilities, property and casualty, real estate investment trust,
finance, or savings and loan companies.
2. Contracts in progress and costs in excess of related billings when included in inventories on
the Balance Sheet
3. Long-term inventories when included by the company in the Operating Activities section
This item excludes increases and decreases in long-term inventories when included by the company in
the Investing Activities section.
This item contains a Not Available data code for companies reporting a Working Capital Statement
(Format Code = 1), a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash
Statement by Activity (Format Code = 3).
1. Changes in inventory are not reported on the Statement of Cash Flows but the Balance
Sheet shows a change between the current and prior year
2. The change in inventories is reported outside the Operating Activities section within the
Statement of Cash Flows
3. This item is combined with another asset or liability in the Operating Activities section
(figure is included in Assets and Liabilities – Other [Net Change])
Increases in inventories are presented as negative numbers. Decreases are presented as positive
numbers.
This item is not available for banks, life insurance, or property and casualty companies.
Code Description
0 No Inventory
1 First In, First Out (FIFO)
2 Last In, First Out (LIFO)
3 Specific Identification
4 Average Cost
5 Retail Method (See note below)
6 Standard Cost
7 Current or Replacement Cost
Beginning in 1970, if a company uses more than one valuation method, one code will appear in each
of up to four elements for this item. If reported by the company, the methods are listed in order of
relative amounts of inventory valued by each method.
Prior to 1972, the method, which valued the majority of the inventory, was used.
This item is not available for banks, utilities, savings and loan, or real estate investment trust
companies.
Note: The retail method may be described as a way of applying cost percentages to related selling
prices. The descriptive method will appear first, then the retail code. For example, “valued
by the retail method of FIFO” would appear as 15.000.
This item may include the current portion of long-term debt when long-term debt is footnoted
indicating long-term debt includes the current portion.
Increases in cash are presented as positive numbers. Decreases in cash are presented as negative
numbers.
This item contains a Not Available data code for companies reporting a Working Capital Statement
(Format Code = 1), a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash
Statement by Activity (Format Code = 3).
Increases in investing activities are presented as positive numbers. Decreases are presented as
negative numbers.
This item contains a Not Available data code for companies reporting a Working Capital Statement
(Format Code = 1), a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash
Statement by Activity (Format Code = 3).
This data item is not available for banks or real estate investment trust companies.
2. Investments of more than one percent to 19 percent when the “cost” or “equity” method is
not mentioned (included in Investments and Advances – Other)
3. Joint ventures not yet operating (included in Investments and Advances – Other)
4. Joint ventures when there is no indication of the equity method (included in Investments
and Advances – Other)
Prior to 1972 (before Accounting Principles Board Opinion No. 18), items included consisted of
investments in and advances to affiliates (at cost or equity), stock ownership of 50 percent or more,
and unconsolidated subsidiaries. Associates, joint ventures, and partnerships were excluded.
This item includes Equity in Limited Partnerships for Real Estate Investment Trust companies.
1. Incentive compensation
3. Payroll taxes
4. Pension costs
5. Profit sharing
1. Commissions
2. Director costs (if it is not possible to exclude these costs, collect the labor and related
amount as reported)
Total Assets represents current assets plus net property, plant, and equipment plus other noncurrent
assets (including intangible assets, deferred items, and investments and advances).
1. Capital leases
4. Long-term debt
5. Minority interest
6. Shareholders’ equity
Liabilities – Total
Annual data item number 181
Quarterly data item number 54
Units (companies) Millions of dollars
Annual data availability 1950
Quarterly data availability First quarter, 1976
Annual position number on Daily 96
Fundamental File
Quarterly position number on Daily 167
Fundamental File
This item represents the sum of:
3. Liabilities – Other
5. Minority Interest
4. Line of credit or Revolving loan agreements if presented as long-term debt on the Balance
Sheet
6. Long-term debt and warrants (if warrants are attached to the issuance of debt)
2. Change in debt not classified as either current or long-term debt on a Cash by Source and
Use of Funds Statement (Format Code = 2), a Cash Statement by Activity (Format Code =
3), or a Statement of Cash Flows (Format code = 7)
4. Current maturities of long-term debt for companies that report a Working Capital Statement
(Format Code = 1)
This item excludes change in current debt when reported separately on a Cash by Source and Use of
Funds Statement (Format Code = 2), a Cash Statement by Activity (Format Code = 3), or a Statement
of Cash Flows (Format Code = 7).
1. Long-Term Debt – Issuance is reported net of debt retired and reported positive
2. Long-Term Debt – Reduction is reported outside the Financing Activities section for a
company reporting a Statement of Cash Flows (Format Code = 7)
3. Long-Term Debt – Reduction is combined with another item within the Financing
Activities section for a company reporting a Statement of Cash Flows (Format Code = 7)
(figure is included in Financing Activities – Other)
4. Long-Term Debt – Reduction is combined with another item for a company reporting a
Working Capital Statement (Format Code = 1), a Cash by Source and Use of Funds
Statement (Format Code = 2), or a Cash Statement by Activity (Format Code = 3)
1. Base rate
3. Ceiling rate
6. Floating rate
7. Floor rate
8. Fluctuating rate
Eurodollar rate
2. Fixed rate
Additionally, this item excludes any debt item that is at a fixed rate currently and/or at year-end but
will be at a variable rate or prime in the future, due to interest rate swap agreements (or vise-versa) or
debt that changed from floating to fixed as of the Balance Sheet date due to debt swap agreements.
6. Deferred compensation
Due to company presentation, this item may differ from the historical Long-Term Debt – Total by
including current portion of debt. Refer to the historical definition.
If the reporting differences between historical and restated figures exceed 10 percent in the current
year, this item will be Not Available.
Long-Term Debt – Total (Restated) may exclude types of long-term debt that are not reported by the
company, such as capitalized leases.
1. Dividends in arrears on subsidiary preferred stock not owned by the parent company
2. Non-controlling interest
This item excludes utility companies’ subsidiary preferred dividends (included in Dividends –
Preferred).
This item contains a Combined Figure data code if minority interest appears on the Balance Sheet
and an amount cannot be identified on the Income Statement.
This item is not available for life insurance or property and casualty companies.
The Net Asset Value per Share figure is fully adjusted for all subsequent stock splits and stock
dividends. The cumulative adjustment factor can be used to unadjust this item to its originally
reported state.
1. Discontinued Operations
2. Extraordinary Items
4. Minority Interest
This item excludes the effects of common and preferred stock dividends and dollar savings due to
common stock equivalents.
The preferred dividend requirements used in this calculation will usually be the same as the preferred
dividends declared.
1. If more or less than four quarterly preferred dividends are declared in one year (where
preferred dividends are normally declared quarterly), then either preferred dividend
requirements or actual preferred dividends paid will be used, depending on the method used
by the company in reporting
2. If all convertible preferred stock is converted into common during the year, preferred
dividends are deducted only for that portion of the year in which the stock was outstanding
The adjustments for additional dollar savings due to common stock equivalents include:
1. Interest (after application of the tax rate) saved from retirement of debt or earned from
investments made with the proceeds from conversion of options and warrants identified as
common stock equivalents
2. Interest expense (after application of the tax rate) paid on convertible debt identified as
common stock equivalents
Quarterly While this item is not available on a quarterly basis, it may be calculated by adding: Income Before
Extraordinary Items Adjusted for Common Stock Equivalents + Extraordinary Items + Discontinued
Operations.
1. Book value of carry forward tax loss if the amounts for both tax and book purposes are
reported
2. Carry forward tax loss of both domestic and foreign consolidated subsidiaries
1. Income
Banks and savings and loans’ other noninterest income
Discount on debt required
Dividend income
Equity in earnings of a nonconsolidated subsidiary
Foreign exchange adjustments
Franchise income when corresponding expenses are not included in the Income
Statement
Gain/loss on sale of market securities
Interest charged to construction (interest capitalized)
(Continued on following page.)
Miscellaneous income
Other income
Royalty income
Sundry income
2. Expense
Miscellaneous expense
Moving expense
Other expense
Due to company presentation, this item may differ from historical Nonoperating Income (Expense).
Please refer to the historical definition.
2. Minority Interest
Or by excluding:
4. Special Items (when combined with Sales [Net], with Cost of Goods Sold, or with Selling,
General, and Administrative Expense)
2. Loans which are 90 days past due both accruing and nonaccruing
3. Renegotiated loans
1. Past due loans not yet placed on non-accrual status (unless specifically included in
nonperforming assets by the bank)
NAICS is a hierarchical structure and can consist of up to six digits/levels. The first two digits of the
structure designate the NAICS sectors that represent general categories of economic activity. The
third digit designates the subsector, the fourth digit designates the industry group, the fifth digit
designates the NAICS industry, and the sixth digit designates the national industry.
The Reference File contains the NAICS code and the textual description. This field contains up to a
six-digit NAICS number. The NAICS code assigned to a particular company may consist of a general
category sector (for example, 51); include the subsector (for example 514), or provide the most
detailed information by including the national industry figure (for example, 514191).
NAICS is also a classification for establishments (a statistical unit defined as the smallest operating
entity for which records provide information on the cost of resources, employed to produce the units
of output). For the United States, the establishment is usually a single physical location, where
business is conducted or where services or industrial operations are performed. Exceptions to the
single location exist for physically dispersed operations, such as construction, transportation, and
communication. For these industries, such disperse activities are not normally considered
establishments. When an establishment is engaged in more than one activity, its industry code is
assigned based on the principal product or group of products it produces or services the establishment
renders.
For more information about the North American Industrial Classification System and the industry
classifications, please visit the U.S. Government Census Bureau website at
www.census.gov/main/www/subjects.html#N.
1. Bank acceptances
2. Bank overdrafts
4. Commercial paper
5. Construction loans
9. Debt in default when reported either as a separate line item or as a component of the current
portion of long-term debt and there is no long-term portion of debt in default
16. Telephone companies’ interim notes payable and advances from parent company
5. Drafts payable
6. Estimated claims and other liabilities under either Chapter XI or other bankruptcy
proceedings (included in Current Liabilities – Other)
7. Interest payable presented separately from notes payable (included in Accrued Expense)
This item includes (when reported outside of the Operating Activities section):
2. Discontinued operations
This item contains a Not Available data code for companies reporting a Working Capital Statement
(Format Code = 1), a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash
Statement by Activity (Format Code = 3).
Increases in cash are presented as positive numbers. Decreases are presented as negative numbers.
This item includes the effects of adjustments for Cost of Goods Sold and Selling, General, and
Administrative Expense. A partial listing of items which comprise Cost of Goods Sold and Selling,
General, and Administrative Expense is as follows:
Corporate expense
3. Profit on sales of properties (except for securities) for the companies in the oil, coal, airline,
and other industries where these transactions are considered a normal part of doing business
Finance companies’ operating income is stated after deducting additions to reserves for losses.
The current year’s results of discontinued operations are not considered operating expenses and are
shown as an extraordinary item.
3. Operating revenue
1. Capitalized interest
3. Interest income
4. Equity in earnings
7. Extraordinary items
9. Interest expense
11. Revenues which are earned at the corporate level and are not derived from the operations of
any geographic segment
Footnote codes
GP Some or all data is pro forma
GR Combination of GP and MB
GS Combination of GP and MA
MA Net of income taxes
MB Pretax income
MC Net income/loss
MD Operating profit/loss after depreciation
ME Operating profit/loss before depreciation
Order Backlog
Annual data item number 98
Units (companies) Millions of dollars
Annual data availability 1970
This item represents the dollar amount of backlog of orders believed to be firm for the company as of
the end of the company’s fiscal year.
2. Sales backlog
This item is not available for banks, railroads, finance, savings and loan or airline companies.
This item will have an Insignificant Figure (IS) data code when:
This item represents that actuarial present value of vested and nonvested benefits earned by an
employee for service rendered to date.
Canadian This item may be called “Accrued Benefit Obligation” or “Accrued Pension Benefits.”
This item represents the actuarial present value of vested and nonvested benefits earned by employees
for service rendered to the date of pension plan report.
Amount of benefits is determined by a plan’s pension benefit formula which establishes the payments
participants are entitled to receive. Measurement of the accumulated benefit obligation is based on
current and past compensation levels.
This item represents the minimum amount of additional liability necessary for pension liability on the
Balance Sheet to at least equal the unfunded accumulated benefit obligation.
2. There is no accrued or prepaid pension cost. In this instance, additional minimum liability
equals the unfunded accumulated benefit obligation
3. Unfunded accrued pension cost as a liability is less than the unfunded accumulated benefit
obligation. In this instance, additional minimum liability equals the difference between the
unfunded accumulated benefit obligation and the unfunded accrued pension cost
This item represents all other adjustments made to prepaid or accrued pension costs that do not fit
into one of the other pension data items. (See definition for data item #299 for more information.)
This item represents all other adjustments to prepaid/accrued pension costs that are not included in
other pension data items.
2. Unrecognized asset gains (losses) including those from differences between the actual
return on assets and the assumed return on assets
3. Unrecognized net gains (losses) including those from experience different from that
assumed and from changes in assumptions
4. Unrecognized net obligation (asset) existing at date of initial pension plan application
2. Unrecognized prior service cost (included in either Pension – Unrecognized Prior Service
Cost [Overfunded] or, Pension – Unrecognized Prior Service Cost [Underfunded])
Net gains/assets will appear as negative numbers. Net losses/obligations will appear as positive
numbers.
Prepaid pension cost represents cumulative employer contributions in excess of accrued net pension
cost and is equal to the difference between plan assets and the projected benefit obligation. It is
adjusted for unrecognized prior service, unrecognized net gains and losses, and unrecognized net
assets and obligations.
Prepaid pension cost is an asset on the Balance Sheet and appears as a positive number.
Accrued pension cost represents cumulative net pension cost in excess of the employer’s
contributions and is equal to the excess of the projected benefit obligation over the plan assets. It is
adjusted for unrecognized prior service cost, unrecognized net gains and losses, unrecognized net
assets, and obligations.
Accrued pension cost is a liability on the Balance Sheet and appears as a negative number.
It is adjusted for unrecognized prior service, unrecognized net gains and losses, and unrecognized net
assets and obligations.
Prepaid pension cost is an asset on the Balance Sheet and appears as a positive number.
Accrued pension cost represents cumulative net pension cost in excess of the employer’s
contributions and is equal to the excess of the projected benefit obligation over the plan assets. It is
adjusted for unrecognized prior service cost, unrecognized net gains and losses, unrecognized net
assets, and obligations.
Accrued pension cost is a liability on the Balance Sheet and appears as a negative number.
This item includes deferred pension costs.
This item represents actuarial present value of all benefits earned by an employee as of a specified
date for service rendered prior to that date plus projected benefits attributable to future salary
increases. Amount of benefits is determined by a plan’s pension benefits formula that establishes
payments participants are entitled to receive.
If the pension benefit formula is based on future compensation levels, the projected benefit obligation
includes assumptions as to future increases in those levels.
If the pension benefit formula is not based on future compensation levels, the accumulated benefit
obligation and the projected benefit obligation are equal.
This item represents the amount of prior service cost not yet recognized as part of net periodic
pension cost.
This item excludes unrecognized net gain (loss) from past experience different from that assumed.
This item represents the amount of prior service cost not yet recognized as part of net periodic
pension cost.
This item excludes unrecognized net gain (loss) from past experience different from that assumed.
This item represents the actuarial present value of the vested portion of the accumulated benefit
obligation.
This item represents the actuarial present value of the vested portion of the accumulated benefit
obligation.
Pension expense and net periodic pension cost differ significantly in content and may invalidate
comparisons of data for this item. This holds true both for intra-company and inter-company
comparisons prior to and following adoption of SFAS #87.
If a company reports pension expense for defined benefit pension plans (pre-SFAS #87), then the
following annual items will contain data:
For nondefined benefit pension plans and defined pension plans prior to SFAS #87, this item
includes:
1. Amortization of past or prior service cost
2. Contributions to ERISA
7. Foreign plans
8. Interest cost
9. Pensions to employees under Railroad Retirement Tax and Federal Contributions Act
1. Administration expense
3. Government plans
9. Termination benefits
This date appears as MMDDYY (representing the calendar month, day, and year).
After adoption of SFAS #87 (1991 forward), this item represents the date on which pension plan
assets and obligations are measured or the funded status of the pension plan is determined.
This date appears as MMDDYY (representing the calendar month, day, and year).
This item has a Not Available data code for companies that have adopted SFAS #87.
This item has a Not Available data code for companies that have adopted SFAS #87.
This item has a Not Available data code for companies that have adopted SFAS #87.
This item includes total unfunded accrued liability when unfunded vested benefits are reported also.
1. Accruals
This item has a Not Available data code for companies that have adopted SFAS #87.
This item has a Not Available data code for companies that have adopted SFAS #87.
This item includes the assumed rate of return on accumulated plan benefits.
After adoption of SFAS #87 (1991 forward), this item represents the weighted average assumed
discount rate used to determine the actuarial present value of accumulated pension plan benefits. The
discount rate represent the estimated rate used for determining the present value at which the
projected benefit obligation could effectively be settled. The discount rate is also referred to as the
settlement rate.
This item represents the amounts contributed by the employer and amounts earned from investing the
contributions, less benefits paid or the fair value of a pension plan’s assets (stocks, bonds, and other
investments). Such assets are normally set aside and restricted (usually in a trust) to pay benefits
when due.
This item represents the amounts contributed by the employer and amounts earned from investing the
contributions, less benefits paid or the fair value of a pension plan’s assets (stocks, bonds, and other
investments). Such assets are normally set aside and restricted (usually in a trust) to pay benefits
when due.
Standard & Poor’s presents this item as a percentage. This item includes domestic and foreign plans
(when reported together and foreign plans are insignificant). This item excludes rates on domestic
plans (when foreign plans are significant and not reported).
This item includes interest cost for domestic and foreign pension plans.
3. Changes in the projected benefit obligation (when included in net periodic pension cost but
not reported as interest cost)
5. Gains and losses not reported as part of Pension Plans – Return on Plan Assets (Actual)
7. Net periodic pension cost for foreign plans (if not included in another component)
After the adoption of SFAS 132, this item no longer includes deferred return on pension assets.
1. Discount rate
1. Realized and unrealized losses (gains) on plan assets per SFAS #87
This item includes net periodic pension cost for domestic and foreign plans.
1. Pension cost for any plans to which SFAS #87 does not apply
This item is not available for companies that have not yet adopted SFAS # 106.
2. Convertible redeemable preferred stock (when reported in the Current Liabilities section)
1. ESOP obligation/ESOP receivable of common stock reported outside of the equity section
of the Balance Sheet when there is no redeemable preferred stock
Standard & Poor’s uses the involuntary liquidation value when a specific voluntary liquidation or
redemption value is not reported. When an involuntary liquidation figure is not reported, the carrying
value for liquidating is used.
1. ESOP adjustments
2. Common stock put options/put warrants – even if included in redeemable preferred stock
on Balance Sheet
3. Advances to suppliers
Exhibition rights
Film rights
Program rights
Television films
7. Prepaid advertising
8. Prepaid commissions
9. Prepaid insurance
13. Prepaid taxes (unless presented with deferred taxes or as prepaid income taxes)
1. Advances not classified by type unless included in Prepaid Expense by the company
(included in Current Assets – Other)
5. Prepaid pensions if included in another item and mentioned only in the notes
This item contains a Combined Figure data code that indicates that Prepaid Expense is included
with Current Assets – Other.
Pretax Income
Annual data item number 170
Quarterly data item number 23
Variable data item (Business PI
Information – Segment Item Value
File)
Units (companies) Millions of dollars
Annual data availability 1950
Quarterly data availability First quarter, 1961
Position number in Business 34
Information – Segment Item Value File
Annual position number on Daily 123
Fundamental File
Quarterly position number on Daily 193
Fundamental File
This item represents operating and nonoperating income before provisions for income taxes and
minority interest.
This item will be reported after deduction of minority interest when minority interest is included in
non-operating expense and no break out is available.
Quarterly For banks, this item includes net pretax profit or loss on securities sold or redeemed.
Quarterly Pretax income will not be available preliminarily when minority interest is not known, is a significant
figure (> 2% of pretax) and is included in nonoperating expense. If this is the case in the first three
quarters, the fourth quarter will also be handled this way for consistency.
This item for banks, is restated up to five years and includes the net after-tax minority interest profit
or loss on securities sold or redeemed.
Some differences between this item and pretax income on the Income Statement:
1. Adjustments or eliminations
2. Equity in earnings reported below taxes
3. Minority interest reported above taxes.
This item includes pretax income from operations in Puerto Rico.
Some differences between this item and pretax income on the Income Statement:
1. Adjustments or eliminations
Price – Close
Annual data item number 24
Quarterly data item numbers 12, 13, 14 (first, second, and third
months of quarter)
Variable data item (PDE File) PRCC
Units (companies) Dollars and cents
Annual data availability 1950
Quarterly data availability First quarter, 1962
Refer to the Price – Low (definition #23) definition for details.
Price – High
Annual data item number 22
Quarterly data item numbers 63, 64, 65 (first, second, and third
months of quarter)
Variable data item (PDE File) PRCH
Units (companies) Dollars and cents
Annual data availability 1950
Quarterly data availability First quarter, 1962
Refer to the Price – Low (definition #23) definition for details.
Price – Low
Annual data item number 23
Quarterly data item numbers 66, 67, 68 (first, second, and third
months of quarter)
Variable data item (PDE File) PRCL
Units (companies) Dollars and cents
Annual data availability 1950
Quarterly data availability First quarter, 1962
These items represent the absolute high, low, and close transactions during the period for companies
on national stock exchanges and bid prices for over-the-counter issues.
Annual prices are reported on a calendar year basis, regardless of the company’s fiscal year-end.
Quarterly prices are on a fiscal quarter basis rather than a calendar quarter basis.
Prices are adjusted for all stock splits and stock dividends that occurred in the calendar year, except
for (06-11) fiscal year companies which have declared stock splits and stock dividends between the
end of their fiscal year and the end of the calendar year. In those instances, the stated prices are not
adjusted. When a (01-05) fiscal year company has a stock split and/or a stock dividend after the
calendar year-end but before their fiscal year-end, fiscal year-end prices will be adjusted.
Prices are reported as Not Available for those periods in which a major merger of companies of
similar size occurs. This handling of the merging companies is necessary because the prices of one
company are not representative of the newly formed company.
If a company suspends trading, Standard & Poor’s will present the high, low, and close price of
the stock as of the last trading day.
Quarterly All definitions given above also apply to the quarterly files except that prices are on a fiscal quarter
basis rather than a calendar quarter basis. Thus, monthly prices are adjusted for all stock splits and
stock dividends that occurred during the fiscal quarter of the company.
PDE Prices are carried in dollars and cents. The following table indicates the method used:
20 20.000
20 1/8 20.125
20 ¼ 20.250
20 3/8 20.375
20 ½ 20.500
20 5/8 20.625
20 ¾ 20.750
20 7/8 20.875
PDE For indexes, high and low price data is available for the S&P Industrials and S&P 500 as of the last
Wednesday of each month and as of the last trading day of each month. Last Trading Day prices are
also presented for the NY Stock Exchange Composite, the AMEX Composite, and the NASDAQ –
OTC Composite. This information is obtained from the PR Newswire and the S&P Stock Price Index
sheet which are published in the applicable weeks.
PDE For indexes, close price is the close price reported for the various industry indexes and composites.
The close prices are collected as of the last trading day of the month for all indexes. For S&P
Industrials, S&P 500 and S&P 100 indexes, we present separate records for both last trading day and
last Wednesday prices
PDE Refer to the Availability of Industry Index Data table in Chapter 2, Understanding the COMPUSTAT
(North America) Database, for general availability.
PDE Prices are fully adjusted for all subsequent stock splits and stock dividends. The cumulative
adjustment factor can be used to unadjust this item to its originally reported state.
Data can be adjusted for stock splits and dividends that occur.
Prices are reported as of a company’s fiscal year-end and are adjusted for all stock splits and stock
dividends occurring during the fiscal year.
Prices are carried in dollars and cents. The following table indicates the method used:
20 20.000
20 1/8 20.125
20 ¼ 20.250
20 3/8 20.375
20 ½ 20.500
20 5/8 20.625
20 ¾ 20.750
20 7/8 20.875
Canadian Standard & Poor’s presents prices for Canadian companies in Canadian dollars and cents.
If a company suspends trading, the high, low, and close prices will be presented as of the last trading
day.
This item represents the beginning balance of a company’s property, plant, and equipment account as
reported on Schedule V.
This item is not available for banks, utilities or real estate investment trust companies.
Property, Plant, and Equipment – Buildings (Net) represents the item at cost, minus accumulated
depreciation, of all buildings included in a company’s property, plant, and equipment account.
This item is not available for banks, utilities or real estate investment trust companies.
2. Changes in property, plant and equipment from foreign currency fluctuations when listed
separately
6. Software costs unless included in property, plant and equipment on Balance Sheet
This item is not available for banks or real estate investment trust companies.
This item excludes property held for future use (included in Property, Plant, and Equipment – Other
[Net]).
Property, Plant, and Equipment – Construction in Progress (Net) represents the capitalized amount of
plant and equipment construction, which has not been completed, minus accumulated depreciation.
This item excludes property held for future use (included in Property, Plant, and Equipment – Other
[Net]).
This item is not available for banks, life insurance, property and casualty, or real estate investment
trust companies.
This item is not available for banks, utilities, real estate investment trust or savings and loan
companies.
Property, Plant, and Equipment – Land and Improvements (Net) represents the cost of land, used in
the production of revenue, minus accumulated depreciation.
Property, Plant, and Equipment – Machinery and Equipment (Net) represents the capitalized cost of
machinery and equipment used to generate revenue minus accumulated depreciation.
1. Extraction through mining from either open-pit or shaft mines (metals: copper, iron, gold,
silver, etc.; minerals: coal, salt, limestone, etc.)
2. Harvesting of growing products (e.g. timberlands)
3. Mining properties
4. Oil fields
5. Production through wells drilled below the earth’s surface (i.e., oil and gas)
This item contains a Combined Figure data code if it is combined with land.
This item is not available for banks, utilities or real estate investment trust companies.
Property, Plant, and Equipment – Other (Net) represents other components of property, plant, and
equipment, minus accumulated depreciation, which cannot be categorized as land, natural resources,
buildings, machinery and equipment, leases, or construction in progress for continuing operations.
2. Golf courses
3. Intangibles
4. Investment tax credits (when not allocated to individual property, plant, and equipment
components)
6. Other property
8. Property to be discontinued
11. Unclassifiable items such as cable systems, oil and gas properties, landfills, and plant.
This item is not available for banks, utilities or real estate investment trust companies.
This item represents changes to the property, plant, and equipment account not elsewhere classified
on Schedule V.
This item represents a deduction from a company’s property, plant, and equipment account resulting
from the retirement of obsolete or damaged goods and/or physical structures.
This item is not available for banks, life insurance, or property and casualty companies.
3. Banking companies’ (net only) and savings and loan companies’ office premises and
equipment
6. Capitalized leases
8. Construction in progress and funds for construction (including funds held by trustees and
funds held in escrow)
9. Display fixtures
Seismic libraries
15. Intangibles (included on Schedule V by the company and a “net” number is not available)
16. Leaseholds and leasehold improvements (unless presented as intangibles by the company)
Noncurrent inventory
23. Intangibles (included on Schedule V by the company and a “net” number is not available)
24. Leaseholds and leasehold improvements (unless presented as intangibles by the company)
Noncurrent inventory
26. Patterns
29. Real estate companies’ and land developers’ land held for development and sale
30. Restricted funds for the purchase of Property, Plant, and Equipment
31. Shipping companies’ statutory reserve funds and allowances from the Maritime
Administration for vessels traded in (used for vessels under construction)
1. Assets held for sale unless included in property, plant and equipment
2. Broadcasting companies’
Due to company presentation, this item may differ from the historical Property, Plant, and Equipment
– Total (Net).
If the reporting differences between historical and restated figures exceed 10 percent in the current
year, this item will be Not Available.
Property, Plant, and Equipment – Total (Net) (Restated) may exclude items included in the historical
definition, which the company does not report, such as timberlands, rental properties, or funds for
construction.
1. Purchase of warrants
6. Trade receivables (claim owed by customers for goods and services sold in the ordinary
course of business)
Quarterly This item combines Accounts Receivable, Other Receivables, and Income Tax Refunds.
On an unclassified Balance Sheet, this item represents the doubtful account provision against both
short- and long-term receivables.
Receivables – Total
Annual data item number 2
Quarterly data item number 37
Units (companies) Millions of dollars
Annual data availability 1950
Quarterly data availability First quarter, 1976
Annual position number on Daily 125
Fundamental File
Quarterly position number on Daily 195
Fundamental File
This item represents claims against others (after applicable reserves) collectible in cash, generally
within one year of the Balance Sheet date.
1. Acceptances receivable
2. Accrued interest
5. Amount of discount due from a third party for discounting receivables (due from factor)
22. Income tax receivables, income tax refunds, and recoverable income taxes
28. Notes receivables when listed separately or combined with accounts receivable
33. Retainages
38. Unbilled costs on contracts and costs in excess of related billings (when treated as trade
receivables by the company)
2. Allowance for doubtful accounts (Receivables – Total is stated after deducting these items)
4. Reserves for losses for finance companies (Receivables – Total is stated after deducting
these items)
5. Reserves for unearned charges on commercial installment and equipment lease receivables
(Receivables – Total are stated after deducting these items)
Receivables – Trade
Annual data item number 151
Units (companies) Millions of dollars
Annual data availability 1966
This item represents amounts on open account (net of applicable reserves) owed by customers for
goods and services sold in the ordinary course of business.
2. Accounts and notes receivable when presented together and no break-out available
5. Customer receivables
9. Installment contracts
13. Receivables from partnerships, affiliates, and joint ventures for extractive industries (when
a part of normal operations)
14. Retainages
17. Unbilled costs on contracts and costs in excess of related billings when treated as trade
receivables by the company, or when accounted for with the cost-plus contract method
2. Contracts in progress
3. Notes receivable
5. Unbilled costs on contracts and costs in excess of related billings when treated as inventory
by the company, or accounted for under a fixed-price contract.
Record Number
Variable data item REC
This item represents the record number. For more information, see the Record Control Information
sections in the Standard & Poor’s COMPUSTAT Technical Guide.
Rental Commitments – Minimum – 1st, 2nd, 3rd, 4th, and 5th Years
Annual data item numbers 96, 164, 165, 166, and 167
Units (companies) Millions of dollars
Annual data availability 1974
These items represent the minimum rental expense due in first, second, third, fourth, and fifth years
from the Balance Sheet date under all existing noncancelable leases. The figure is gross (before
rental or sublease income is deducted). These figures are the amounts payable in each of the years,
and are not cumulative figures.
This item excludes:
1. Capital lease obligations
2. Average rental commitments for the next five years
This item is not available for banks or utilities.
1. Oil and gas operations’ delay rentals (included in Selling, General, and Administrative
Expense)
Rental Income
Annual data item number 163
Units (companies) Millions of dollars
Annual data availability 1975
This item represents the amount of income generated from the rental of property, plant, and
equipment.
Research is planned search or critical investigation aimed at discovery of new knowledge with the
hope that such knowledge will be useful in developing a new product or service or new process or
technique or in bringing about a significant improvement to an existing product or process.
Development is the translation of research findings or other knowledge into a plan or design for a
new product or process or for a significant improvement to an existing product or process whether
intended for sale or use. It does not include routine or periodic alterations to existing products,
production lines, manufacturing processes and other ongoing operations even though those alterations
may represent improvements and it does not include market research or market testing activities.
Footnote code
BG Includes engineering expense
3. Research and development expense from continuing operations (for companies engaged in
the primary business of research and development)
5. Engineering expense
7. Inventor royalties
9. Purchased technology
10. Research and development from discontinued operations
Retained Earnings
Annual data item number 36
Quarterly data item number 58
Units (companies) Millions of dollars
Annual data availability 1963
Quarterly data availability First quarter, 1972
This item represents the cumulative earnings of a company minus total dividend distributions to
shareholders. The stock adjustments made to this item relate to unissued shares.
16. Reserve for shares to be issued (when reported in the Stockholders’ Equity section)
18. Value of common treasury shares (when netted against retained earnings)
20. Unearned deferred compensation related to preferred stock and included as part of an
employee stock purchase plan
Prior to 1982 on the annual file and first quarter, 1986, on the quarterly file, Standard & Poor’s
deducted the excess over par of both common and nonredeemable preferred treasury stock from this
item when the company did not maintain a Capital Surplus account or when the excess of treasury
stock over par exceeded the Capital Surplus account.
Due to company presentation, this item may differ from historical Retained Earnings.
Restated figures are not adjusted for stock splits and dividends that occur after the current year-end.
2. Notes receivable other than subscription stock receivables (when reported in the
Stockholders’ Equity section)
This item may differ from historical Retained Earnings because it does not reflect adjustments.
For foreign companies, this item includes both allocated and unallocated retained earnings.
This item may not equal Retained Earnings because it is adjusted for items other than debt
restrictions.
A restatement to Retained Earnings is the difference between retained earnings for the prior year as
reported in the current year’s source and retained earnings for that year as reported in the original
year’s source.
Equity capital plus minority interests less portion of perpetual preferred stock and goodwill as a
percent of adjusted risk-weighted assets. Regulatory minimum is four percent.
Minimum Interim and Final Ratio Targets:
1990 1992
Note This item is referred to as Core Capital by savings and loans with a regulatory minimum of
three percent.
Tier 1 or Core Capital plus supplementary capital determined by the regulators to be eligible for
inclusion in Tier 2 Capital as a percent of adjusted risk-weighted assets. Regulatory minimum is
eight percent.
Standard & Poor’s uses a computerized scoring system to compute basic scores for earnings and dividends,
then adjusts the scores by a set of predetermined modifiers for growth, stability within long-term trend, and
cyclicality. Adjusted scores for earnings and dividends are combined to yield a final score. The final score
for each stock is measured against a scoring matrix determined by analyzing the scores of a large
representative sample of stocks. Standard & Poor's codes, description of rankings, and the S&P ranking are
presented below. The Common Stock Ranking codes appear to the left of the decimal.
7 Highest A+
8 High A
9 Above Average A–
16 Average B+
17 Below Average B
18 Lower B–
(Continued on following page.)
21 Lowest C
22 In Reorganization D
99 Liquidation LIQ
S&P does not consider these rankings to be market recommendations.
10 S&P Industrials
40 S&P Transportation
49 S&P Utilities
60 S&P Financial
90 S&P 500 Supplementary (SPMI only)
91 S&P MidCap 400
92 S&P SmallCap 600
Blank Not in a subset S&P Index
This item is reported as of December month-end for the Industrial Annual file regardless of the
company’s fiscal year-end. This item is reported on a calendar basis regardless of a company’s fiscal
year-end for the Industrial Quarterly file. To determine a company’s current industry index
assignment, check the S&P Industry Index Relative Code (XREL).
This code will correspond to the four-digit industry number (DNUM field) carried on the S&P
Industry record on the PDE file. (Refer to the index ticker symbol section of Chapter8, Reference)
By extracting the Industry Index Relative codes for each Industry Index company and matching those
codes with the DNUM field on the PDE file for all industries, it is possible to match all such
companies with their appropriate S&P Industry.
The Standard & Poor’s Issuer Credit Rating (ICR) is a current opinion of an issuer’s overall
creditworthiness, apart from its ability to repay individual obligations. This opinion focuses on the
obligor’s capacity and willingness to meet its long-term financial commitments (those with maturities
of more than one year) as they come due.
In the case of non-U.S. companies, this item is based on the local currency from the country of origin.
Long term Issuer Credit Ratings range from AAA (extremely strong capacity to meet financial
obligations) to CC (highly vulnerable).
The Issuer Credit Rating is not a recommendation to purchase, sell, or hold a financial obligation
issued by an obligor, as it does not comment on market price or suitability for a particular investor.
An Issuer Credit Rating is withdrawn upon the first occurrence of any of the following:
1. Payment default on any financial obligation, rated or unrated, other than a financial
obligation subject to legitimate commercial dispute
4. Placement under regulatory supervision because of its financial status if the issuer is an
insurance company
This item represents the issuer senior debt rating that has been assigned to a company by Standard &
Poor’s. An S&P corporate debt rating is an assessment of the creditworthiness of an obligor with
respect to senior debt. S&P determines a company’s senior debt rating on the bond issue ratings that
a company has at the senior level if the GQ footnote is not present.
Senior debt represents long-term debt not subordinate to any other long-term debt issues.
The company level rating is usually at the highest issue level rating that the company has at the senior
level if issue level ratings are present. For example, a company’s senior secured issues are rated one
level higher than the senior unsecured issues for that company, so the senior secured issue ratings
would be chosen for the company level ratings.
Not all companies have different types of senior debt issues. The implied senior rating is normally
assigned when a company applies for a subordinated rating based on the issuance of only
subordinated debt. The implied senior rating can be used for comparison with companies that have a
senior debt rating backed up by individual issues.
A debt rating is not a recommendation to purchase, sell, or hold a security inasmuch as it does not
comment as to market price or suitability for a particular investor. The ratings are based on
information furnished to Standard & Poor’s from the issuer or other sources that it considers reliable.
S&P does not perform an audit in connection with any rating and may, on occasion, rely on unaudited
financial information. The ratings may be changed, suspended, or withdrawn as a result of changes
in, or unavailability of, such information, or based on other circumstances.
Bonds rated BBB or higher are commonly known as investment grade ratings and generally are
regarded as eligible for bank investment.
Debt obligations of issuers outside of the United States and its territories are rated on the same basis
as domestic corporate and municipal issues. The ratings measure the creditworthiness of the obligor
but do not take into account the currency exchange or related uncertainties.
To provide more detailed indications of credit quality, S&P may modify ratings from AA to CCC
with the addition of a plus sign (+) or minus sign (-) to show relative standing within the major debt
rating categories. The following codes are assigned to correspond with the actual S&P debt rating
categories:
1 Unassigne Unassigned
d
2 AAA “AAA” indicates the highest rating assigned by
Standard & Poor’s. Capacity to pay interest
and repay principal is extremely strong.
(Continued on following page)
3 Unassigne Unassigned
d
4 AA+ “AA” indicates a very strong capacity to pay
5 AA interest and repay principal. There is only a
6 AA- small degree of difference between “AAA” and
“AA” ratings.
7 A+ “A” indicates a strong capacity to pay interest
8 A and repay principal. They are, however,
9 A- somewhat more susceptible to adverse effects
of changes in circumstances and economic
conditions than “AAA” or “AA” debt issues.
10 BBB+ “BBB” indicates an adequate capacity to pay
11 BBB interest and repay principal. Although it
12 BBB- normally exhibits adequate protection
parameters, adverse economic conditions or
changing circumstances are more likely to lead
to a weakened capacity to pay interest and
repay principal than debt issues with higher
ratings.
13 BB+ “BB” indicates less near-term vulnerability to
14 BB default than other speculative issues.
15 BB- However, they face major ongoing
uncertainties or exposure to adverse business,
financial or economic conditions that could lead
to inadequate capacity to meet timely interest
and principal payments. S&P also uses the
“BB” rating for debt subordinated to senior debt
that is assigned an actual or implied “BBB”-
rating
16 B+ “B” indicates a greater vulnerability to default
17 B but currently have the capacity to meet interest
18 B- payments and principal repayments. Adverse
business, financial, or economic conditions will
likely impair capacity or willingness to pay
interest and repay principal. S&P also assigns
the “B” rating to debt subordinated to senior
debt that is assigned an actual or implied “BB”
or “BB”- rating.
(Continued on following page)
In the case of non-U.S. companies, this item is based on the local currency from the country of origin.
Long term Issuer Credit Ratings range from AAA (extremely strong capacity to meet financial
obligations) to CC (highly vulnerable).
The Issuer Credit Rating is not a recommendation to purchase, sell, or hold a financial obligation
issued by an obligor, as it does not comment on market price or suitability for a particular investor.
This item represents the current rating assigned to the company by Standard & Poor’s.
Refer to the S&P Long-Term Domestic Issuer Credit Rating – Historical definition for more details.
Standard & Poor’s defines “current” as the close of business on the day prior to the update cut-off for
weekly productions and two days prior to the last trading day for monthly productions.
This item is reported as of December month-end for the Industrial Annual file. This item is reported
on a calendar basis regardless of a company’s fiscal year-end for the Industrial Quarterly file. To
determine if a company is currently assigned to an S&P Major Index, check the Exchange Listing and
S&P Index Code on the company’s record format.
Standard & Poor's uses the following codes to identify companies in an S&P Major Index:
Code Description
10 S&P Industrial
40 S&P Transportation
49 S&P Utilities
60 S&P Financial
90 S&P 500 Supplementary
91 S&P MidCap 400
92 S&P SmallCap 600
This is the first element, and it consists of a one-character code. Standard & Poor’s uses the
following codes to identify constituents of the S&P 500, S&P MidCap 400 Indexes, or S&P
SmallCap 600:
Code Description
This is the second element, and it consists of a two-character code. Standard & Poor’s use the
following codes to identify constituents of other S&P indexes:
Code Description
In the case of non-U.S. companies, the ICR is based on the local currency from the country of origin.
Short-term ICR’s range from A-1 (strong capacity to meet financial obligations) to C (currently
vulnerable). The ICR is not a recommendation to purchase, sell, or hold a financial obligation issued
by an obligor, as it does not comment on market price or suitability for a particular investor.
1. Payment default on any financial obligation, rated or unrated, other than a financial
obligation subject to legitimate commercial dispute
Standard & Poor's defines “current” as the close of business on the day prior to the update cut-off for
weekly productions and two days prior to the last trading day for monthly productions.
For more details see the following definition.
The Standard & Poor’s Issuer Credit Rating (ICR) is an opinion of an issuer’s overall
creditworthiness, apart from its ability to repay individual obligations. This opinion focuses on the
obligor’s capacity and willingness to meet its short-term financial commitments (those with maturities
of one year or less) as they come due. This item represents the current rating assigned to the company
by S&P.
In the case of non-U.S. companies, the ICR is based on the local currency from the country of origin.
Short-term ICR’s range from A-1 (strong capacity to meet financial obligations) to C (currently
vulnerable). The ICR is not a recommendation to purchase, sell, or hold a financial obligation issued
by an obligor, as it does not comment on market price or suitability for a particular investor.
1. Payment default on any financial obligation, rated or unrated, other than a financial
obligation subject to legitimate commercial dispute
4. Placement under regulatory supervision because of its financial status if the issuer is an
insurance company
Prior to September 1, 1998: (S&P Commercial Paper Rating – Historical.)
This item represents the issuer commercial paper rating that has been assigned to a company by
Standard & Poor’s. An S&P commercial paper rating is a current assessment of the likelihood of
timely payment of debt that has an original maturity of no more than 365 days.
A commercial paper rating is not a recommendation to purchase, sell, or hold a security inasmuch as
it does not comment as to market price or suitability for a particular investor. The ratings are based
on current information furnished to Standard & Poor’s from other sources that it considers reliable.
Standard & Poor’s does not perform an audit in connection with any rating and may, on occasion,
rely on unaudited financial information. The ratings may be changed, suspended, or withdrawn as a
result of changes in, or unavailability of, such information, or based on other circumstances.
This item represents the issuer subordinated debt rating that has been assigned to a company by
Standard & Poor’s. A Standard & Poor’s corporate debt rating is an assessment of the
creditworthiness of an obligor with respect to a senior or subordinated debt obligation. The
assessment may take into consideration obligors such as guarantors, insurers, or lessees.
Subordinated debt represents long-term debt with claims to interest and principal that are subordinate
to that of ordinary debt.
(Continued on following page.)
Bonds rated BBB or higher are commonly known as investment grade ratings and generally are
regarded as eligible for bank investment.
Outside of the United States and its territories debts are rated on the same basis as domestic issues.
The ratings measure the creditworthiness of the obligor but do not take into account the currency
exchange or related uncertainties.
To provide more detailed indications of credit quality, S&P may modify ratings from AA to CCC
with the addition of a plus sign (+) or minus sign (-) to show relative standing within the major debt
rating categories. We assign the following codes to correspond with the actual S&P debt rating
categories:
1 Unassigne Unassigned
d
2 AAA “AAA” indicates the highest rating assigned by
Standard & Poor’s. Capacity to pay interest
and repay principal is extremely strong.
3 Unassigne Unassigned
d
4 AA+ “AA” indicates a very strong capacity to pay
5 AA interest and repay principal. There is only a
6 AA- small degree of difference between “AAA” and
“AA” ratings.
7 A+ “A” indicates a strong capacity to pay interest
8 A and repay principal. They are, however,
9 A- somewhat more susceptible to adverse effects
of changes in circumstances and economic
conditions than “AAA” or “AA” debt issues.
10 BBB+ “BBB” indicates an adequate capacity to pay
11 BBB interest and repay principal. Although it
12 BBB- normally exhibits adequate protection
parameters, adverse economic conditions or
changing circumstances are more likely to lead
to a weakened capacity to pay interest and
repay principal than debt issues with higher
ratings.
(Continued on following page.)
Standard & Poor’s defines “current” as the close of business on the day prior to the update cut-off for
weekly productions and two days prior to the last trading day for monthly productions.
This is the third element, and it consists of a one-character code. We use the following code to
identify constituents of the S&P 100:
Code Description
3. Equity offerings
2. Sale of Investments is combined with another item for a company reporting a Working
Capital Statement (Format Code = 1), a Cash by Source and Use of Funds Statement
(Format Code = 2), or a Cash Statement by Activity (Format Code = 3)
3. Sale of Investments is combined with another item either within or outside the Investing
Activities section on a Statement of Cash Flows (Format Code = 7)
This item may include current receivables if the company reports an unclassified Balance Sheet.
This item includes the following when presented outside a Funds from Operations or an Operating
Activities section:
3. Gain or loss on disposition of property, plant, and equipment appearing after Funds from
Operations – Total
4. Proceeds from sale and leaseback transactions when included in the Investing Activities
section
2. Proceeds from sale of property, plant and equipment held for sale when included as an
increase/decrease in investments
1. Capital expenditures are reported net of the sale of property, plant, and equipment and/or
the figure for sale of property, plant, and equipment is presented in the Uses of Funds or
Operations section
3. “Sale of consolidated subsidiary” is reported with no separate figure for sale of property,
plant, and equipment
4. Sale of property, plant, and equipment is combined with another item for a company
reporting a Working Capital Statement (Format Code = 1), a Cash by Source and Use of
Funds Statement (Format Code = 2), or a Cash Statement by Activity (Format Code = 3)
5. Sale of property, plant, and equipment is combined with another item either within or
outside the Investing Activities section on a Statement of Cash Flows (Format Code = 7)
This item includes the following when presented within a Funds from Operations or an Operating
Activities section:
1. Deferred gains/losses
2. Disposal of property, plant and equipment included in operations
3. Dilution gain or loss
4. Earnings (losses) of unconsolidated subsidiaries
5. Losses (gains) resulting from extraordinary items or discontinued operations
6. Income (loss) allocated to minority interest
7. Items that are not gains or losses
8. Proceeds from sale of assets, property, plant and equipment, etc.
9. Provision for losses on accounts receivable
10. Provisions to reduce the carrying value of assets
11. Unrealized losses (gains)
12. Write-downs, write-offs, or impairments in value of assets
This item contains a Combined Figure data code when:
1. Gain (loss) on sale of assets relating to continuing operations is combined with gain (loss)
applying to discontinued operations
2. Gain (loss) on sale of assets is combined with other items within the Operating Activities or
Operations section
3. Gain (loss) on sale of assets is not reported in the Operating Activities or Operations
section, but is reported in another section
Losses are presented as positive numbers. Gains are presented as negative numbers.
This item is not available for banks or property and casualty companies.
This item is available from 1987 forward for companies reporting a Statement of Cash Flows (Format
Code = 7).
This item is only available for companies reporting a Working Capital Statement (Format Code = 1),
a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash Statement by Activity
(Format Code = 3) if a company has been updated for fiscal year 1988. The item will be available
from 1987. Prior to 1987, this item was included in Funds from Operations – Other on a Working
Capital Statement (Format Code = 1), a Cash by Source and Use of Funds Statement (Format Code =
2), or a Cash Statement by Activity (Format Code = 3).
3. Any revenue source expected to continue for the life of the company
4. Banks and savings and loans’ interest income and fee revenue
5. Banks’ total current operating revenue and net pretax profit or loss on securities sold or
redeemed
7. Commissions
8. Equity in earnings/losses even if negative for real estate investment trusts and investors
9. Finance companies’ earned insurance premiums and interest income. Finance companies’
sales are counted only after net losses on factored receivables purchased are deducted from
Sales – Net
11. Hospitals’ sales net of provision for contractual allowances (sometimes includes doubtful
accounts)
12. Income derived from equipment rental considered part of operating revenue
15. Life insurance and property and casualty companies’ net sales in total income
21. Research and development companies’ equity income from research and development joint
ventures (when reported as operating income) and government grant income
23. Retail companies’ sales of leased departments when corresponding costs are not available
but are included in expenses (when costs are available, the net figure is included in
Nonoperating Income [Expense])
24. Royalty income and/or management fees when considered as part of operating income (such
as, oil companies, extractive industries, publishing companies)
26. Shipping companies’ operating differential subsidies and income on reserve fund securities
shown separately
1. Any revenue source that is expected to continue for the life of the company
3. Installment sales
1. Discontinued operations
3. Excise taxes
5. Inter-company sales
6. Interest income
7. Nonoperating income
8. Other income
9. Rental income
1. Advertising companies: Sales (Net) are commissions earned, not gross billings
2. Airline companies: Includes net mutual aid assistance and federal subsidies
4. Finance companies:
6. Hospitals: Sales (Net) is net of provision for contractual allowance (will sometimes include
doubtful accounts)
Includes income on reserve fund securities, when it is reported as a separate item in the
company's financial statements
Footnote codes
BA Includes excise taxes
BB Includes other income/excludes some operating revenues (no
longer collected after February 7, 2000)
BS Combination of BA and BB
DB Some or all data is Not Available due to a fiscal year change (no
longer collected after February 7, 2000)
DZ Less than one year of data (no longer collected after February 7, 2000)
EN Includes inter-departmental/inter-company/inter-geographic
company sales (prior to February 7, 2000, this footnote
represented inter-company sales)
HG Excludes other operating income (no longer collected after
February 7, 2000)
HH Includes unconsolidated subsidiaries
HK Unaudited data (no longer collected after February 7, 2000)
UA Combination of EN and BA
UB Combination of BB and EN (no longer collected after February 7, 2000)
YA Combination of HK and BB (no longer collected after February 7, 2000)
YB Combination of HK and HG (no longer collected after February 7, 2000)
YC Combination of HK and EN (no longer collected after February 7, 2000)
YD Combination of HK and BA (no longer collected after February 7, 2000)
YE Combination of HK and BS (no longer collected after February 7, 2000)
YF Combination of HK and UA (no longer collected after February 7, 2000)
YG Combination of HK and UB (no longer collected after February 7, 2000)
This item will be as reported by the company and may include other items (such as, other income
or excise taxes).
This item, for banks, is the total current operating revenue restated up to five years plus the net after
tax and after minority interest profit or loss on securities sold or redeemed.
Note: A SID code used for one company has no relationship to the same SID code applied to any
other company.
This item includes the following expenses when broken out separately. If a company allocates any of
these expenses to Cost of Goods Sold, we will not include them in Selling, General, and
Administrative Expense:
1. Accounting expense
2. Advertising expense
5. Commissions
6. Corporate expense
7. Delivery expenses
9. Engineering expense
10. Extractive industries’ lease rentals or expense, delay rentals, exploration expense, research
and development expense, and geological and geophysical expenses, drilling program
marketing expenses, and carrying charges on non-producing properties
11. Financial service industries’ labor, occupancy and equipment, and related expenses
Due to company presentation, this item may differ from the historical Selling, General, and Administrative
Expense. (See historical definition for Selling, General, and Administrative Expense.)
The average aggregate may be calculated on daily, weekly, or monthly outstanding short-term
borrowing balances.
Short-Term Investments
Annual data item number 193
Units (companies) Millions of dollars
Annual data availability 1950
This item represents currently marketable investments as presented in the current asset section of the
Balance Sheet. Such investments are intended to be converted to cash within a relatively short period of
time.
After adoption of SFAS #95 – Statement of Cash Flows, (Format Code = 7), include short-term
investments with an original maturity greater than 90 days, but less than one year, in Short-Term
Investments.
17. Time deposits and time certificates of deposit (savings accounts when shown as a current
asset)
2. Bullion, bullion in transit, and uranium in transit, etc. (included in Inventories – Total)
4. Certificates of deposit included in cash by the company (included in Cash and Short-Term
Investments)
9. Short-term investments with an original maturity less than 90 days for Post SFAS #95
companies
1. Cash equivalents not included in Cash and Cash Equivalents – Increase (Decrease) on Cash
Flow
2. Maturity of Available for Sale Investments and/or Maturity of Held to Maturity Investments
for Unclassified Balance Sheet
This item is Not Available for companies reporting a Working Capital Statement (Format Code =
1), a Cash by Source and Use of Funds Statement (Format Code = 2), or a Cash Statement by Activity
(Format Code = 3).
1. Short-term investments are reported only in the Financing or Indirect Operating Activities
section
2. Some or all short-term investments are combined with another item in the Investing
Activities section
Changes in short-term investments increasing cash are presented as positive numbers. Changes
decreasing cash are presented as negative numbers.
3
Supplemental reports for airlines
Code Source
1. Changes due to foreign currency exchange adjustments when shown separately as a use
of funds
2. Working capital changes increasing cash for a company reporting a Cash Statement by
Activity (Format Code = 3)
3. Working capital changes not clearly reported as one total and/or not distinctly grouped
together in one section within sources for companies reporting a Cash by Source and Use
of Funds Statement (Format Code = 2) or a Cash Statement by Activity (Format Code =
3)
This item excludes working capital changes clearly reported as one total and/or distinctly grouped
together in one section within sources for a company reporting a Cash by Source and Use of Funds
Statement (Format Code = 2) or a Cash Statement by Activity (Format Code = 3).
This item contains a Not Available data code if a company reports a Statement of Cash Flows
(Format Code = 7).
This item excludes increase (decrease) in working capital for a company reporting a Working
Capital Statement (Format Code = 1).
This item contains a Not Available data code for a company reporting either a Cash Statement by
Activity (Format Code = 3) or a Statement of Cash Flows (Format Code = 7).
Calendar
quarter Calendar months
92-1 3 91
92-2 4 91
92-3 1 92
92-4 2 92
Special Items
Annual data item number 17
Quarterly data item number 32
Units (companies) Millions of dollars
Annual data availability 1950
Quarterly data availability First quarter, 1967
Annual position number on Daily 127
Fundamental File
Quarterly position number on Daily 198
Fundamental File
This item represents unusual or nonrecurring items presented above taxes by the company.
1. Adjustments applicable to prior years (except recurring prior year income tax
adjustments)
2. After-tax adjustments to net income for the purchase portion of net income of partly
pooled companies (when the adjustment is carried over to retained earnings)
3. Any significant nonrecurring items
4. Bad debt expense/Provisions for doubtful accounts/Allowance for losses if non-recurring
5. Current year’s results of discontinued operations and operations to be discontinued
6. Flood, fire, and other natural disaster losses
7. Interest on tax settlements (when reported separately from other interest expense)
8. Items specifically called “Restructuring/Reorganization”, “Special,” or “Non-recurring”
regardless of the number of years they are reported
9. Inventory writedowns when separate line item or called non-recurring
10. Nonrecurring profit or loss on the sale of assets, investments, and securities
11. Profit or loss on the repurchase of debentures
12. Recovery of allowances for losses if original allowance was a special item
13. Relocation and moving expense
14. Severance pay when a separate line item
15. Special allowance for facilities under construction
16. Transfers from reserves provided for in prior years
17. Write-downs or write-offs of receivables and intangibles
18. Year 2000 expenses regardless of the number of years they are reported
This item excludes:
The Industry Classification Code is a four-digit system of classification that identifies a company’s
primary operations. Standard & Poor’s assigns these codes by analyzing the sales breakdown from
a company’s 10K and annual report. The assigned classification is reviewed each year when the
company is updated by analyzing the product-line breakout in the 10K or annual report.
Industry Classification Numbers conform as nearly as possible to the Office of Management &
Budget’s Standard Industry Classification (SIC) codes as taken from the 1987 edition of the
Standard Industrial Classification Manual.
Approximately 400 of 1500 SICs are used as DNUMs. A four-digit specific DNUM is assigned to a
company when a significant number of other companies are engaged in a major line of business and
present a logical group for analysis. Two- or three-digit specific DNUMs are assigned to more diversified
companies and to companies engaged in a major line of business but lacking counterpart companies in
significant numbers to warrant assignment of a four-digit specific DNUM.
General codes such as 1000 (metal mining), 2000, (food & kindred products), 2600 (paper & allied
products), and 2800 (chemicals and allied products) are assigned to companies involved in more
than one aspect of an industry. For instance, a company in the 2600 category might manufacture
pulp, then paper, paperboard, and other paper products from the pulp.
In an effort to consolidate SIC groupings and eliminate industry classifications with only a small
number of companies, codes with two or three specific digits are used. For instance, 2070 (fats and
oils) is a general category that encompasses five specific SIC categories: 2074, 2075, 2076, 2077,
and 2079. Also, 7500 (automotive repair, services, parking) is a general category that covers the
four specific SIC categories: 7510, 7520, 7530, and 7540.
Standard & Poor’s uses specific four-digit classifications when warranted by a large number of
companies or to clearly differentiate between codes. For instance, 2080 (beverage) is broken into
2082 (malt beverages), 2085 (distilled and blended liquors), and 2086 (bottled and canned soft
drinks and carbonated waters).
Certain industry classification codes are not found in the Standard Industrial Classification
Manual. For example, certain codes such as 4955 (hazardous waste management) and 3576
(computer communications equipment) are defined to better reflect the actual nature of a business.
PDE For Indexes, the S&P Major Industry Index marker appears in the DNUM slot of the PDE file. It
serves as a key in identifying major composites and industry indexes. The markers are assigned by
Standard & Poor’s, a division of The McGraw-Hill Companies.
The SIC variable is a one-dimensional variable of 90 elements that may contain up to 90 four-digit
SIC codes with any unused elements being zero-filled.
The codes provided in the SIC variable on the Reference File of SIC Codes are taken from the
COMPUSTAT Business Information – Segment NAICS file. These codes are assigned to each
company using the information reported by the company in its Annual Report to Shareholders and
10-K Report to the SEC.
The first element in the SIC array (that is, SIC [1]), is the primary code and indicates the area
considered to be the major area of activity. In all cases, the primary code is assigned by analyzing
the segment breakdown provided in the 10-K. The codes contained in the remaining 89 fields (that
is, SIC [2] through SIC [90]), are entered in ascending numerical order without regard to relative
significance to the company’s operations.
Although data elements are provided for up to 90 SIC codes for each company, most companies
report far fewer codes; the vast majority of the companies on file report 30 or fewer SIC codes.
The Standard Industrial Classification (SIC) system is maintained by the Office of Federal Statistical
Policy and Standards in the Department of Commerce. The purpose and scope of the SIC system is
defined in the introduction of the 1987 Standard Industrial Classification Manual as follows:
The Standard Industrial Classification was developed for use in the classification of
establishments by type of activity in which they are engaged; for purposes of facilitating the
collection, tabulation, presentation, and analysis of data relating to establishments; and for
promoting uniformity and comparability in the presentation of statistical data collected by
various agencies of the United States Government, State agencies, trade associations, and
private research organizations.
1. Capital Surplus
2. Common Stock
4. Retained Earnings
Code Ownership
Canadian Ticker symbols for companies on the Canadian file are provided by the Toronto Stock Exchange.
Standard & Poor's has devised pseudo-tickers for certain classes of companies on the
COMPUSTAT files as follows:
1. It is possible for a company trading in Canada to have the same ticker symbol as a
company trading in the U.S. Therefore, in order to provide unique ticker symbols for all
companies on the COMPUSTAT files, a period (.) has been added at the end of those
Canadian ticker symbols on the Canadian file which have duplicated U.S. ticker symbols.
For example:
1
National Association of Securities Dealers Automated Quotations
Beginning in 1982, Treasury Stock – Total Dollar Amount represents the total amount of common
and preferred treasury stock as a separate component for use in balancing models.
Prior to 1982, this item was useful only as a memorandum since treasury stock was netted against
various equity components. Since 1982, Standard & Poor’s includes the dollar amount of common
treasury in Common Stock and the dollar amount of nonredeemable preferred in Preferred Stock –
Carrying Value. The total dollar amount of both common and nonredeemable preferred treasury
stock is now presented in Treasury Stock – Total Dollar Amount (for use in equity balancing
models from 1982 forward).
2. Escrow shares presented in the equity section but excluded from the EPS calculation
3. Number of common treasury stock held on the asset side of the Balance Sheet
4. Shares issued to Directors Benefits Trusts and Executive Benefits Trusts presented in the
equity section
1. Dollar amount of shares issued to Director Benefits Trust and Executive Benefits Trusts
presented in the equity section but excluded from EPS calculations
2. Escrow shares presented in the Stockholders’ Equity section but excluded from the
Earnings per Share calculation
This item excludes redeemable preferred treasury stock that is netted against Preferred Stock –
Redeemable.
Prior to 1982 on the annual file and first quarter, 1986, on the quarterly file, this item will contain a
Combined Figure data code if a company’s common treasury stock and nonredeemable preferred
treasury stock was netted against Common Stock or Preferred Stock – Carrying Value. Standard &
Poor’s will present a zero for the fiscal periods previously mentioned if a company used either the
retirement method of accounting for treasury stock or did not have any treasury stock.
If a company uses the cost method to account for treasury stock, this item will present actual
figures for use in equity balancing models beginning in 1982 on the annual file and first quarter,
1986, on the quarterly file.
Code Meaning
Code Description
0 Company has not been updated for that year or quarter but may
have market-related data available. The 0 code also identifies
the years and quarters before a company became public.
1 Limited fundamental annual data may be available via company
preliminary quarterly sources; however, if no preliminary quarterly
sources are published to date, the company has not been
updated for the year or quarter but the Cumulative Adjustment
Factor may contain a figure other than 1.000000 and market data
may be available.
Code Description
Code Meaning
1 Data is not yet available for the year because the company has
changed its fiscal year-end.
2 Data has been updated from a “preliminary” source, but some
data is still “not available” which is expected to become available
or has historically been available.
3 Data has been updated from the “final” source or sources and no
further data will be available for that year.
2. Working capital changes not clearly reported as one total and/or not distinctly grouped
together in one section within uses for either a Cash by Source and Use of Funds
Statement (Format Code = 2) or a Cash Statement by Activity (Format Code = 3)
This item excludes working capital changes clearly reported as one total and/or distinctly grouped
together in one section within Uses for either a Cash by Source and Use of Funds Statement
(Format Code = 2) or a Cash Statement by Activity (Format Code = 3).
This item contains a Not Available data code for a company reporting a Statement of Cash Flows
(Format Code = 7).
Changes in working capital that provide a source of funds or serve to decrease working capital are
presented as positive numbers. Changes in working capital which use funds or increase working
capital are presented as negative numbers (Format Code = 2, 3, 5).
Changes in working capital that provide a source of funds or serve to decrease working capital are
presented as negative numbers. Changes in working capital which use funds or increase working
capital are presented as positive numbers (Format Code = 1).
This item contains a Not Available data code for companies reporting a Statement of Cash Flows
(Format Code = 7).
For the period 1971 through 1983, this item contains a Combined Figure data code for
companies reporting a Cash by Source and Use of Funds Statement (Format Code = 2).
This item includes changes in current debt and changes in cash and cash equivalents.
This item is Not Available for companies reporting a Cash by Source and Use of Funds Statement
(Format Code = 2), a Cash Statement by Activity (Format Code = 3), or a Statement of Cash Flows
(Format Code = 7).