And profits after tax were a billion dollars, an eightieth of what the company is likely to be worth when shares are traded.
Now, take Non-Financial Corporate profits after tax and multiple by 2.
On Wednesday, the company said it expected growth in earnings per share - profits after tax divided by the number of shares in circulation - to fall to single digits next year, down from 13% during the latest three month period.
If corporate tax rates fall, it will immediately increase corporate after-tax profits in the U.S., and this should make stocks more attractive to all investors.
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The remainder is often corporations that use their after-tax profits to make capital expenditures.
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Companies have reported an average increase in after-tax profits last year of 12%.
For the first quarter of this year, the level of after-tax profits of non-financial companies is now more than 20% lower than originally reported.
Tax forum shopping is becoming something of a trend these days with athletes in particular hopping from venue to venue in an effort to maximize their after-tax profits.
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Boeing's after-tax profits were dragged down by the reversion of its effective tax rate from a favourable 27% of earnings in 2011 to a more normal 34% last year.
Other things being equal, the value of an option in a company that retains all its after-tax profits is considerably greater than in one that makes a meaningful distribution.
This is a company with off balance sheet debt that is over 60% of its net assets, write-downs that are over 25% of net assets, and after-tax profits that have been declining.
The report shows that after-tax profits for top tier businesses have risen 26.5% from this time last year, a rapid turnaround that can be attributed to more efficient, effective, and streamlined operations.
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Our model takes current after-tax corporate profits and divides by our best estimate of fundamental interest rates.
The latest figures also showed that after-tax corporate profits unexpectedly rose by 1.1%.
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After tax, their stocks are less attractive than companies that use their profits more tax efficiently for shareholders, but if they reduce their coveted dividend, they break their long dividend history and all of the financial products that hyped high dividends have to sell their stock.
BEIJING More foreign companies will be able to repatriate their profits from China at a lower tax rate after Beijing clarified existing regulations, according to global accounting firm KPMG, in the latest step in China's continuing efforts to ease its capital restrictions.
Dundee-based ATM advertising firm i-design has reported "encouraging" opportunities for growth after posting first-half pre-tax profits.
From 2012, it would tax mining profits at a rate of 40% after they reach a certain level.
But after picking a fight with the resources sector over his plans for a super tax on their super profits, the polls slumped again - especially in the mining states of Western Australia and Queensland.
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