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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
Source: Statistics Canada, Canada Year Book 1947.