Statistics Canada
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Financial statistics showing source and use of funds for 709 industrial companies, 1936 to 1945
Archived Content
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| 1936 | 1937 | 1938 | 1939 | 1940 | |
|---|---|---|---|---|---|
| $ millions | |||||
| Origin of funds | |||||
| Net income to stockholders (including refundable excess profits tax) | 223 | 285 | 235 | 283 | 278 |
| Cash dividends | -182 | -216 | -229 | -220 | -221 |
| Undistributed profits (including refundable excess profits tax) | 41 | 69 | 6 | 63 | 57 |
| Depreciation charges1 | 106 | 113 | 110 | 117 | 140 |
| Other non-cash charges against current income2 | 4 | 2 | 2 | 3 | 1 |
| Total, funds from current income | 151 | 184 | 118 | 183 | 198 |
| Issue of common stock | 10 | 15 | 14 | 9 | 9 |
| Total, net sources of funds | 161 | 199 | 132 | 192 | 207 |
| Use of funds | |||||
| Investment in plant, property and equipment | -89 | -135 | -100 | -98 | -121 |
| Invest in inventories | -37 | -56 | 20 | -51 | -121 |
| Investment in other companies | -7 | -6 | 18 | -23 | 5 |
| Investment in refundable excess profits tax | - | - | - | - | - |
| Redemption of funded debt | -13 | -16 | -16 | -16 | -22 |
| Redemption of preferred stock | -2 | -2 | -1 | 5 | -2 |
| Increase in miscellaneous liabilities (less miscellaneous assets)3 | -11 | -4 | -15 | -8 | 13 |
| Total | -159 | -219 | -94 | -191 | -248 |
| Increase in working capital, excluding inventories | -2 | 20 | -38 | -1 | 41 |
| Total, net uses of funds | -161 | -199 | -133 | -192 | -207 |
| 1941 | 1942 | 1943 | 1944 | 1945 | |
| $ millions | |||||
| Origin of funds | |||||
| Net income to stockholders (including refundable excess profits tax) | 300 | 301 | 281 | 270 | 273 |
| Cash dividends | -221 | -205 | -194 | -192 | -190 |
| Undistributed profits (including refundable excess profits tax) | 79 | 96 | 87 | 78 | 83 |
| Depreciation charges1 | 170 | 191 | 185 | 157 | 147 |
| Other non-cash charges against current income2 | 4 | 3 | 2 | 2 | 2 |
| Total, funds from current income | 253 | 290 | 274 | 237 | 232 |
| Issue of common stock | 6 | 4 | -1 | 8 | 20 |
| Total, net sources of funds | 259 | 294 | 273 | 245 | 252 |
| Use of funds | |||||
| Investment in plant, property and equipment | -155 | -126 | -77 | -98 | -150 |
| Invest in inventories | -138 | -18 | -52 | 43 | 19 |
| Investment in other companies | - | 7 | 3 | -4 | -3 |
| Investment in refundable excess profits tax | - | -20 | -34 | -28 | -26 |
| Redemption of funded debt | -25 | -26 | -14 | -22 | 7 |
| Redemption of preferred stock | -2 | - | -5 | -2 | -10 |
| Increase in miscellaneous liabilities (less miscellaneous assets)3 | 15 | 15 | - | -19 | -40 |
| Total | -305 | -168 | -179 | -130 | -203 |
| Increase in working capital, excluding invetories | 46 | -126 | -94 | -115 | -49 |
| Total, net uses of funds | -259 | -294 | -273 | -245 | -252 |
| Note: The sample includes all those companies with 1941 assets over $200,000 for which consistent reports were available in sufficient detail for the period from 1936 to 1945. This statement, compiled by the Bank of Canada, is designed to show net cash received from all sources and paid out for all purposes. Revaluations or purely bookkeeping transactions that affect items of the balance sheet; particularly plant, property and equipment; preferred and common stock outstanding and, in a few instances, funded debt are not reflected in the statement. Figures are for the respective fiscal years ended nearest to December 31 of the year stated. | |||||
| 1. Includes depletion and deferred development. | |||||
| 2. Includes amortization of bond discount. | |||||
| 3. After adjustment relating to tax accruals and other transactions of previous years. | |||||
| Source: Statistics Canada, The Canada Year Book 1947. | |||||
