Foreign Sales by U.S. Companies Tick-down in 2010; 46.3% of All Sales Were Derived Outside of the States
Taxes Paid to Foreign Countries Jump Significantly
NEW YORK, July 19, 2011 /PRNewswire/ -- S&P 500 companies with full reporting information posted 46.3% of their sales from outside of the United States in 2010, down slightly from the 46.6% posted in 2009 and significantly below the 47.9% recorded in 2008, according to research published today by S&P Indices. The data is derived from the 255 companies within the S&P 500 that have full reporting information.
“While the percentage of foreign sales posted a slight tick-downward in 2010, we believe that multiple changes in currency, membership and contracts negate any strong implication to the second yearly drop,” adds Howard Silverblatt, S&P Indices' Senior Index Analyst and author of the report. "Looking at these results on a proforma basis, foreign sales ticked-up for the year, a direction we feel will continue as non-U.S. growth outpaces U.S. domestic growth."
According to the report, sales to European countries rebounded to 29.1% in 2010 from 25.6% in 2009. Sales to Asian countries decreased to 13.1% from the 17.6% posted in 2009.
On a country by country basis, while Canada was again the primary recipient of S&P 500 foreign sales, it is continuing to fall out of favor. Only 4.1% of declared sales came from Canada in 2010 down from the 7.4% reported in 2009 and the 9.3% reported in 2008. At 3.13%, Great Britain was the second choice destination for foreign sales of the S&P 500 companies in 2010.
Looking at sectors, Information Technology continues to dominate with over 56% of its declared sales coming from outside of the United States; the sector now represents 22.4% of all U.S. foreign sales.
S&P Indices also determined that total income taxes paid to foreign entities increased 27.7% to $117.3 billion in 2010 from $91.9 billion in 2009. In comparison, S&P 500 companies paid $101.7 billion in domestic incomes taxes in 2010, a 9.7% increase over the $92.7 billion paid in 2009.
"In 2010, S&P 500 issues paid more income tax to foreign countries than to Washington," notes S&P's Silverblatt. "Only 46.4% of all income taxes paid by U.S. companies went to Washington in 2010 versus 53.6% paid abroad. Apparently, jobs weren't the only major export in 2010."
The full report, S&P 500: 2010 Global Sales, can be accessed by going to www.indexresearch.standardandpoors.com.
S&P 500 Foreign Sales Sector Report |
||||||||
S&P Indices |
||||||||
S&P 500 FOREIGN SALES SECTOR REPORT |
||||||||
% OF TOTAL FOREIGN SALES |
||||||||
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
||
Consumer Discretionary |
42.98% |
42.43% |
44.05% |
42.46% |
38.76% |
37.28% |
34.98% |
|
Consumer Staples |
45.61% |
46.56% |
46.95% |
39.06% |
36.57% |
37.51% |
38.89% |
|
Energy |
38.86% |
43.66% |
50.47% |
55.69% |
56.50% |
56.62% |
53.51% |
|
Financials |
37.05% |
40.19% |
34.09% |
31.59% |
29.93% |
31.36% |
32.06% |
|
Health Care |
49.82% |
47.21% |
48.61% |
44.54% |
41.76% |
37.54% |
40.81% |
|
Industrials |
45.06% |
44.21% |
46.14% |
44.11% |
41.14% |
39.68% |
41.47% |
|
Information Technology |
56.30% |
56.02% |
55.27% |
55.38% |
53.50% |
54.86% |
61.18% |
|
Materials |
52.46% |
52.06% |
49.66% |
46.99% |
42.22% |
40.81% |
40.66% |
|
Telecommunication Services |
NM |
NM |
||||||
Utilities |
NM |
NM |
52.18% |
55.16% |
63.60% |
60.48% |
58.52% |
|
Total Non-U.S. 15%-85% |
46.29% |
46.57% |
47.94% |
45.84% |
43.55% |
43.26% |
43.75% |
|
* NM = Not Enough Information Publicly Reported |
||||||||
REGION |
2010 |
2009 |
2008 |
2007 |
2006 |
|
% OF |
% OF |
% OF |
% OF |
% OF |
||
FOREIGN |
FOREIGN |
FOREIGN |
FOREIGN |
FOREIGN |
||
SALES |
SALES |
SALES |
SALES |
SALES |
||
Africa |
6.47% |
7.94% |
5.84% |
6.82% |
5.57% |
|
Asia |
13.11% |
17.65% |
13.21% |
16.76% |
18.97% |
|
Australia |
0.26% |
0.27% |
0.20% |
0.21% |
0.16% |
|
Europe |
29.12% |
25.57% |
27.69% |
28.79% |
31.09% |
|
North America |
4.55% |
7.80% |
10.24% |
8.92% |
4.75% |
|
South America |
4.27% |
5.38% |
4.98% |
3.74% |
3.59% |
|
Foreign Countries |
42.22% |
35.39% |
37.85% |
34.76% |
35.87% |
|
Total |
100.00% |
100.00% |
100.00% |
100.00% |
100.00% |
|
S&P Indices |
||||||||
S&P 500 2010 INCOME TAXES PAID, US$ |
||||||||
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
2004 |
||
FOREIGN US$ MILLION |
$117,341 |
$91,876 |
$135,129 |
$123,610 |
$112,686 |
$91,794 |
$72,172 |
|
U.S. US$ MILLION |
$101,662 |
$92,667 |
$107,205 |
$151,104 |
$155,269 |
$141,471 |
$100,376 |
|
FOREIGN % OF TOTAL |
53.6% |
49.8% |
55.8% |
45.0% |
42.1% |
39.4% |
41.8% |
|
U.S. % OF TOTAL |
46.4% |
50.2% |
44.2% |
55.0% |
57.9% |
60.6% |
58.2% |
|
About S&P Indices
S&P Indices, a world leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.
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SOURCE Standard & Poor's
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