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Summary of profit statistics for 709 industrial companies, 1936 to 1945

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Summary of profit statistics for 709 industrial companies, 1936 to 1945
  1936 1937 1938 1939 1940
  $ millions
Net operating profit (before depreciation)1 379 455 393 473 598
Depreciation2 -106 -113 -110 -117 -140
Investment and other non-operating income (net) 47 50 48 44 40
Bond interest (including exchange and amortization of discount) -49 -47 -45 -45 -46
Net profit before income and excess profits tax provision1 271 345 286 355 452
Income and excess profits tax provision (excluding refundable portion) -48 -60 -51 -72 174
Net income to stockholders1 223 285 235 283 278
Forced savings (refundable portion of excess profits tax) - - - - -
Net income available for dividends1 223 2S5 235 283 278
Net income paid out in cash dividends 182 216 229 220 221
Undistributed income (excluding forced savings)1 41 69 6 63 57
  1941 1942 1943 1944 1945
  $ millions
Net operating profit (before depreciation)1 740 805 765 699 684
Depreciation2 -170 -191 -185 -157 -147
Investment and other non-operating income (net) 42 36 38 40 42
Bond interest (including exchange and amortization of discount) -44 -43 -42 -41 -39
Net profit before income and excess profits tax provision1 568 607 576 541 540
Income and excess profits tax provision (excluding refundable portion) -268 -306 -295 -271 -267
Net income to stockholders1 300 301 281 270 273
Forced savings (refundable portion of excess profits tax) - -20 -34 -28 -27
Net income available for dividends1 300 281 217 242 246
Net income paid out in cash dividends. 221 205 194 192 190
Undistributed income (excluding forced savings)1 79 76 53 50 56
Source: Statistics Canada, Canada Year Book 1947.