Form BE-605 Quarterly Survey of Foreign Direct Investment in the Uni

BE-605 (Rev. 12/2011)
QUARTERLY SURVEY OF FOREIGN DIRECT
INVESTMENT IN THE UNITED STATES
Transactions of U.S. Affiliate with Foreign Parent

OMB Control No. 0608-0009: Approval Expires 10/31/2012
BE-605 Identification Number
BEA USE ONLY

Mandatory and Confidential

Name and mailing address of the consolidated U.S. affiliate
Electronic filing:
Name of consolidated U.S. affiliate
Go to www.bea.gov/efile for details
Mail reports to:
U.S. Department of Commerce
c/o (care of)
Bureau of Economic Analysis, BE-49(Q)
Washington, DC 20230
Deliver reports to:
Street or P.O. Box
U.S. Department of Commerce
Bureau of Economic Analysis, BE-49(Q)
Shipping and Receiving Section, M-100
State
City
1441 L Street, NW
Washington, DC 20005
Foreign Postal Code
ZIP Code
(202) 606-2894
FAX reports to:
OR
Assistance:
[email protected]
E-mail
(202) 606-5577 between 8:00 a.m. and 4:30 p.m. eastern time
Telephone
Copies of form www.bea.gov/fdi
Definitions: Underlined terms are defined on page 16.
Due date: 30 days after the close of each calendar or fiscal quarter end; 45 days if the report is for the final quarter of the financial reporting year.
Who must report: A Form BE-605 is required from every U.S. business enterprise in which a foreign entity has a direct and/or indirect ownership interest
of 10 percent or more of the voting stock (or an equivalent interest if an UNINCORPORATED business) at any time during the quarter. Reports are
required even though the U.S. business enterprise may have been established, acquired, liquidated, sold, or inactivated during the reporting period.
Monetary values should be reported in thousands of U.S. dollars. If an amount is between positive and negative $500, enter "0." Use parentheses to
indicate negative numbers.
Accounting methods and records: Report items according to U.S. Generally Accepted Accounting Principles (U.S. GAAP), unless otherwise
specified. Corporations should use the same methods and records that are used to generate reports to stockholders, except where the instructions
indicate a deviation from U.S. GAAP.
• Reports for unincorporated businesses should be generated on an equivalent basis.
• References to Financial Accounting Standards Board Accounting Standards Codification topics are indicated with "FASB ASC" and a topic
number (for example, FASB ASC 350).
Exemption: A U.S. affiliate claiming exemption from filing a BE-605 report must complete the Claim for Exemption on page 13 of this form. Also
complete the "Person to Consult" and "Certification" sections on page 15, and return the form to BEA by the due date. If this is an initial filing of the
BE-605 report, then also complete pages 1 through 3.
Estimates: If actual amounts are not available, supply estimates and label them as such. When a data item cannot be fully subdivided as required,
supply a total and an estimated breakdown of the total.
Faxing your report: When submitting this report via fax, send ONLY those pages on which information is reported, including the front page and the
Claim for Exemption section (if completed). DO NOT send pages that only contain instructions.
Retention of copies: Retain a copy of filed reports for 3 years beyond the report’s original due date.
Month Day
Year

●
● Is this the first time the U.S. affiliate is filing a BE-605 report?
1

300

What is the ending date of the quarter for which this report is completed? . . . . . . . . . . . ._ _ / _ _ / _ _ _ _

2

Month

Day

Year

341

Yes – Enter date the U.S. business enterprise became a U.S. affiliate . . . . . . . . . . . . . _ _ / _ _ / _ _ _ _
No
Is this report a resubmission of a past report?
340 1
2

●
3

302 1

●
4

Yes – Please contact us if you require guidance (see Assistance above). Note that for the preceding quarter,
Part III may be revised on the current form, as can the beginning balances in items 26 and 28 .
2
No
Which best describes this U.S. affiliate?

●

●

003 1

A U.S. business enterprise incorporated in the United States
An unincorporated U.S. business enterprise, such as a branch, partnership, real estate, etc.
3
A U.S. limited liability company (LLC)
If the U.S. affiliate’s industry classification, based on the largest source of sales or gross
operating revenues, has changed, or if this is an initial filing, enter the appropriate industry code 342
(refer to industry code insert you received with your BE-605 form or www.bea.gov/naics2007). . . .
2

●
5

____

Part I – Rules for Consolidating the U.S. Affiliate

● Has the ownership structure of this U.S. affiliate changed since the previous quarter?
6

303 1
2

Yes – Please provide a chart showing the new ownership structure if available.
No

this U.S. affiliate (as an individual entity) hold, either directly or
● Does
indirectly, a MAJORITY voting interest (over 50 percent) in any U.S. business
7

This U.S. affiliate

enterprises?
Yes – • Consolidate those enterprises in this report with the exception noted
below.
• DO NOT consolidate any U.S. business enterprises in which a direct
ownership interest and an indirect ownership interest are held by
DIFFERENT foreign entities. Report this U.S. affiliate’s interest in such
enterprises on an equity basis, even if it is more than 50 percent.
These enterprises must file their own Form BE-605 unless they qualify
for exemption.
2

8

Yes – Do not consolidate such enterprises in this report. Report this U.S.
affiliate’s interest in such enterprises on an equity basis, OR in accordance
with FASB ASC 320 (formerly FAS 115) if owned less than 20 percent.
These enterprises must file their own Form BE-605 unless they qualify for
exemption.

9

U.S. business – Do not
consolidate in this report.

Yes – Do not consolidate foreign business enterprises in this report. Report
U.S. affiliate’s interest in foreign operations on an equity basis, OR in
accordance with FASB ASC 320 (formerly FAS 115) if owned less than
20 percent.
No

This U.S. affiliate

➝

2

10 to 50%

No

this U.S. affiliate own, either directly or indirectly, any foreign
● Does
business enterprises?
306 1

This U.S. affiliate

➝

2

U.S. business –
Consolidate in this report.

No

this U.S. affiliate hold, either directly or indirectly, a voting interest
● Does
from 10 to 50 percent in any U.S. business enterprises?
305 1

➝

304 1

>50%

Foreign businesses –
Do not consolidate
in this report.

Part II – Identifying the Foreign Parent
10

2

Yes – File a separate BE-605 report for each foreign parent having a
direct investment voting interest in this U.S. affiliate.

Foreign
parent B

➝

307 1

Foreign
parent A

➝

Does more than one foreign parent have a direct investment voting
● interest
in this U.S. affiliate?

This U.S. affiliate

No

is the name of the FIRST foreign parent in a chain of ownership extending outside
● What
the United States that holds either a direct or indirect voting interest in this U.S. affiliate?
11

• The entity named below is hereinafter referred to as the foreign parent.
• Report transactions with the foreign parent in Parts III , IV , V , and VI .
Name of the foreign parent
of this U.S. affiliate

Page 2

308

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FORM BE-605 (Rev. 12/2011)

005

is the country of incorporation (or residence, if an
● What
individual) of the foreign parent named in item ● ?

BEA USE ONLY

12

11

type of equity interest does the foreign parent hold in this U.S. affiliate?
● What
(Check one box)
A. Only a direct equity interest – SKIP to item ●
13

15

006 1
2

B. Only an indirect equity interest through another U.S. affiliate –
Complete ONLY Part V . Amounts representing this U.S. affiliate’s equity
accounts are part of another higher-tier U.S. affiliate’s BE-605 report and
should not be duplicated here.

3

C. Both a direct equity interest AND an indirect equity
interest through another U.S. affiliate –

Higher-tier
U.S. Affiliate

➝

➝

This U.S. affiliate

Foreign Parent A

Foreign Parent B

➝
Higher-tier
U.S. Affiliate

➝

• If a direct and an indirect equity interest are held by
DIFFERENT foreign parents, this U.S. affiliate must file Form
BE-605 for EACH foreign parent. In the example at the right,
this U.S. affiliate may not be fully consolidated into the
BE-605 report filed by the higher-tier U.S. affiliate because of
the direct ownership held by foreign parent A.

Foreign Parent

➝

• If BOTH a direct and indirect equity interest are held by the
SAME foreign parent, this U.S. affiliate may be fully
consolidated into the BE-605 report filed by the higher-tier
U.S. affiliate that owns it, and the minority interest not held by
the foreign parent either directly or indirectly must be
eliminated. In the example at the right, this U.S. affiliate may
be fully consolidated into the BE-605 report filed by the
higher-tier U.S. affiliate that owns it directly.

➝

This U.S. Affiliate

B or C was marked in item ● , what is/are the name(s) of the U.S.
● Ifaffiliate(s)
having a direct equity interest in this U.S. affiliate?
13

14

309

Remarks

FORM BE-605 (Rev. 12/2011)

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Page 3

Instructions for Part III

● A.
15

Foreign Parent’s Direct Equity Share in the U.S. Affiliate,
as Consolidated

Report the amount that represents the foreign parent’s share, based on its directly held equity interest, in the
U.S. affiliate’s net income (loss) for the quarter, before provision for all common and preferred dividends owed
to foreign parent(s) and before any deduction for U.S withholding taxes on dividends, but AFTER provision for
U.S. Federal, State, and local income taxes.
• U.S. affiliates in extractive industries should report net income BEFORE depletion charges, EXCEPT
charges representing the amortization of the actual cost of capital assets.

read the following instructions carefully as they are keyed to economic accounting concepts and in
● B. Please
some cases may deviate from what is normally required by U.S. Generally Accepted Accounting Principles.
● B1. Report those gains (losses) that were included in the foreign parent’s share of net income (item A) resulting from:
15

15

• Extraordinary, unusual, or infrequently occurring items that are material. Include losses from accidental
damage or disasters, after estimated insurance reimbursement. Include other material items, including
writeups, writedowns, and writeoffs of tangible and intangible assets and gains (losses) from the sale or
other disposition of capital assets. Do not include legal judgments.
• Sale or other dispositions of financial assets, including investment securities; gains (losses) related to fair value
accounting; FASB ASC 320 (formerly FAS 115) holding gains (losses) on securities classified as trading
securities; FASB ASC 320 impairment losses; and gains and losses derived from derivative instruments.
Dealers in financial instruments and finance and insurance companies, see special instructions below.
• Restructuring costs that reflect writedowns or writeoffs of assets or liabilities. Do not include actual
payments, or charges to establish reserves for future actual payments, such as for severance pay, and fees
to accountants, lawyers, consultants, or other contractors.
• Sale or disposition of land, other property, plant and equipment, or other assets, and FASB ASC 360
(formerly FAS 144) impairment losses. Do not include gains (losses) from the sale of inventory assets in
the ordinary course of trade or business. Real estate companies, see special instructions below.
• Goodwill impairment as defined by FASB ASC 350 (formerly FAS 142).
• Disposals of discontinued operations. Do not include income from the operations of a discontinued segment.
• Remeasurement of the U.S. affiliate’s foreign-currency-denominated assets and liabilities due to changes
in foreign exchange rates during the reporting period.

• The cumulative effect of a change in accounting principle.
• The cumulative effect of a change in the estimate of stock compensation forfeitures under FASB ASC 718
(formerly FAS 123(R)).
per FASB ASC 220 (formerly FAS 130), unrealized holding gains (losses) for available-for-sale
● B2. Include,
securities (including those classified as current assets), less reclassification adjustments, and pension and
15

postretirement benefit plans after provision for U.S. Federal, State, and local income taxes. Do not include
foreign currency translation adjustment; report translation adjustment in item C.

● B1.–B2.
15

Special instructions for dealers in financial instruments (including securities, currencies, derivatives, and other
financial instruments), finance companies, and insurance companies:
Include in item B1:
• realized gains (losses) on trading or dealing;
• unrealized gains (losses) due to changes in the valuation of financial instruments that flow through the
income statement;
• all other items described in the general instructions for item B1 (above).
Include in item B2 unrealized gains (losses) due to changes in the valuation of financial instruments that are taken
to other comprehensive income, and all other items described in the general instructions for item B2 (above).
Do not include income from fees and commissions in items B1 or B2; report fees and commissions in item A.
Special instructions for real estate companies – Report gains (losses) from the sale, disposition, or
revaluation of land, other property plant and equipment, or other assets as follows:
• Include realized gains (losses) from the sale of real estate in the ordinary course of trade or business in
item A; do not include these gains (losses) in items B1 or B2.
• Include impairment losses of long-lived assets, as defined by FASB ASC 360 (formerly FAS 144), and
recognized during the period, in items A and B1.
• All other items should be treated as described in the general instructions for items A, B1, and B2
(above).
Page 4

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FORM BE-605 (Rev. 12/2011)

● C.
15

●
15

Report foreign parent’s share of the foreign currency translation adjustment resulting from the
translation of the foreign affiliate’s financial statements from the affiliate’s functional currency into
U.S. dollars in accordance with FASB ASC 830 (formerly FAS 52) or other current standards of the
Financial Accounting Standards Board.

D. Report dividends as of the date they were declared or paid, GROSS of any U.S. tax withheld. Any
subsequent settlement of dividends declared but not paid SHOULD NOT be reported a second time, but
should be reflected only as a reduction in Part V item 26 .

●

• Exclude stock and liquidating dividends. Report liquidating dividends in Part IV item

●
15

● B.
16

E. Report gross amounts of earnings distributed by unincorporated U.S. affiliates, whether out of
current or past earnings.

Part III – Foreign Parent’s Direct Equity Share in the U.S. Affiliate, as Consolidated
• Report items

● A–G on a quarterly basis, NOT on a cumulative or year-to-date basis.
15

• Use the column headed Preceding Quarter (if revised) to correct data that were incorrect or not
given in the preceding quarter.
• Do not delay filing because current quarter data are not available. Estimates may be used where
necessary to file a timely report.
• Do not complete this section if the foreign parent only holds an INDIRECT equity interest in this U.S.
affiliate. Amounts representing this U.S. affiliate’s equity accounts are part of another higher-tier U.S.
affiliate’s consolidated report.

● What is the foreign parent’s share of:

Preceding Quarter
(if revised)

Current Quarter

15

Bil.

Mil.

Thou.

Dols.

011 1

A. The U.S. affiliate’s quarterly net income (loss), after
provision for income taxes? . . . . . . . . . . . . . . . . . . . . . . $
B. Certain gains (losses), after provision for
012 1
income taxes:
15
1. Included in net income in item
A? . . . . . . . . . . . . . $. .
2.

●
Not included in net income in item ● A but
taken to other comprehensive income? . . . . . . . . . . . . $. .
15

000
000
000
000

●

000

●

FORM BE-605 (Rev. 12/2011)

●

●

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000

$

000

$

000

$

000

$

000

015 2

000

$

000

016 2

000

017 1

G. The net amount of dividends/earnings distributed
(item 15 D or 15 E less item 15 F)? . . . . . . . . . . . . . . . $

$

014 2

●

F. U.S. tax withheld on dividends (item 15 D) or on
016 1
distributed earnings of unincorporated
U.S. affiliate (item 15 E)? . . . . . . . . . . . . . . . . . . . . . . . $

Dols.

313 2

015 1

E. Earnings distributed by unincorporated U.S. affiliates? . . . . $

Thou.

013 2

313 1

D. Dividends on common and preferred stock
014 1
(gross of U.S. withholding taxes) excluding
stock dividends? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Mil.

012 2

013 1

C. The CHANGE in the translation adjustment account
during the quarter? . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Bil.

011 2

$

000

017 2

000

$

000

Page 5

Instructions for Part IV

Change in Foreign Parent’s Equity in the U.S. Affiliate
During the Quarter

Entries in Part IV are necessary to identify the amount and cause of any changes in equity holdings
by the foreign parent in the U.S. affiliate during the quarter.
• Report the transaction (i.e., market) value of consideration given or received for increases or
decreases in the foreign parent’s equity holdings in the U.S. affiliate.

● A.
16

Include:
• purchases of capital stock by the foreign parent from the U.S. affiliate;
• contributions of equity by the foreign parent that did not result from the issuance of stock to the
foreign parent by the U.S. affiliate;
• capitalization of intercompany debt (report the amount of debt converted to equity as the transaction
value of the equity increase in item 16 A), and adjust the debt balance as appropriate in Part V
item 26 ;

●

●

• unincorporated U.S. affiliates must report the foreign parent’s share of any increase in the U.S.
affiliate’s equity (or home office account) arising from its transactions with the foreign parent,
excluding amounts reported in Part III and Part V .
Exclude changes caused by:
• carrying net income to the equity account;
• the effect of treasury stock transactions with persons other than the foreign parent;
• reorganizations in capital structure that do not affect total equity.

● B.
16

Include:
• sales of capital stock by the foreign parent to the U.S. affiliate;
• returns of contributed equity capital to the foreign parent not resulting in a reduction of issued stock;
• distributions to the foreign parent following total liquidation of the U.S. affiliate;
• unincorporated U.S. affiliates must report the foreign parent’s share of any decrease in the U.S.
affiliate’s equity (or home office account) arising from its transactions with the foreign parent,
excluding amounts reported in Part III and Part V .
Exclude changes caused by:
•
•
•
•
•

Page 6

carrying net losses to the equity account;
payment of stock or cash dividends (other than liquidating dividends);
the distribution of earnings during the period;
the effect of treasury stock transactions with entities other than the foreign parent;
reorganizations in capital structure that do not affect total equity.

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FORM BE-605 (Rev. 12/2011)

Part IV – Change in Foreign Parent’s Equity in the U.S. Affiliate During the Quarter
For Transactions between the Foreign Parent and U.S. Affiliate

● What is the transaction value of the foreign parent’s:

Bil.

16

Mil.

Thou.

Dols.

026

A. Increase of equity in the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

000

027

B. Decrease of equity in the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

000

For Transactions between the Foreign Parent and an Entity other than U.S. Affiliate

is the transaction value of the ACQUISITION of an equity
● What
interest in the U.S. affiliate by the foreign parent:
17

028

A. From a U.S. entity other than the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

000

029

B. From all foreign entities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
is the transaction value of the SALE of an equity
● What
interest in the U.S. affiliate by the foreign parent:

000

18

030

A. To U.S. entities other than the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

000

031

B. To all foreign entities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

000

is the total transaction value of the change in the
● What
foreign parent’s equity interest in the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . $
This item should equal the sum of items ● A, ● A, and ● B MINUS
the sum of items ● B, ● A, and ● B.
032

19

16

18

16

17

17

18

items ● and ● , what are the amounts by
● For
which the transactions values reported in those
17

20

18

For sale or termination
of operations

For
acquisition

items:

(
Bil.

● A & B)

(

17

Mil.

Thou.

Dols.

903 2

A. Exceed the value carried on the books of
the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Please continue on the next page

Bil.

● A & B)
18

Mil.

Thou.

Dols.

903 4

000

903 3

B. Are less than the value carried on the books of
the U.S. affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

FORM BE-605 (Rev. 12/2011)

000

$

000

903 5

000

$

000

Page 7

Part V – Balances and Interest Between Affiliated Foreign Group and U.S. Affiliate,
as Consolidated

●, ● and ●
21

22

23

These items are intended to assist banks and other types of finance companies to determine how to
fill out the rest of Part
Part V
V . U.S. affiliates that also file Treasury International Capital (TIC) B Forms
may not be required to complete items 24 through 29 .

●

●

Is the foreign parent listed in item ● in the finance industry (includes banking; does not include
● insurance)?
11

21

022 1
2

Yes
No – SKIP to item

●
24

● Is the U.S. affiliate a "bank" or primarily acting as a securities broker or dealer?
22

Note: A "bank" is a business engaged in deposit banking or closely related functions, including commercial
banks, Edge Act corporations, U.S. branches and agencies of foreign banks, savings and loans, savings banks,
bank holding companies and financial holding companies under the Gramm–Leach–Bliley Act.
021 1
2

●
23

Yes
No – SKIP to item

●B
23

A. Do any of the U.S. business enterprises consolidated in this report have insurance, real
estate, or leasing activities?
023 1

2

●

●

●

Yes – SKIP to item 24 . In items 26 through 29 report ONLY the amounts that relate
to insurance, real estate, and leasing activities. EXCLUDE amounts that represent
balances and interest between banking and finance units in the United States and
a foreign parent in the finance industry.
No – SKIP to

Part VI

(completed once a year)

B. Do any of the U.S. business enterprises consolidated in this report have banking
activities or securities broker or dealer activities?
020 1

2

●

●

●

Yes – Continue with item 24 . In items 26 through 29 EXCLUDE amounts that
represent balances and interest between banking and finance units in the United
States and a foreign parent in the finance industry.
No – Continue with item

●
24

the foreign parent own more than 50 percent of other foreign
● Does
(i.e., non-U.S.) business enterprises?

Foreign Parent

24

310 1

●

2

●
25

●.
29

Page 8

●

>50%

>50%

Foreign Parent

Foreign affiliate of
the foreign parent

➝

●

Foreign affiliate of
the foreign parent

➝ ➝

Yes – • Majority owners of the foreign parent proceeding up the
foreign parent’s ownership chain are also considered
foreign affiliates of the foreign parent (FAFP’s).
Majority-owned subsidiaries of these majority owners are
additional examples of FAFP’s.
• Report this U.S. affiliate’s transactions with FAFP’s
in items 26 through 29 .

2

Foreign affiliate of
the foreign parent

No

Is the foreign parent owned more than 50 percent by another foreign
(i.e., non-U.S.) entity?
311 1

This U.S. affiliate

>50%

➝

• Report this U.S. affiliate’s transactions with foreign
affiliates of the foreign parent in items 26 through

➝

Yes – • These foreign business enterprises are considered
examples of foreign affiliates of the foreign parent (FAFPs).

This U.S. affiliate

No

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FORM BE-605 (Rev. 12/2011)

Instructions for Part V

Balances and Interest Between Affiliated Foreign Group and
U.S. Affiliate, as Consolidated

The affiliated foreign group consists of (i) the foreign parent, (ii) any foreign entity, proceeding up the foreign
parent’s ownership chain, that owns more than 50 percent of the entity below it up to and including that entity
which is not owned more than 50 percent by another foreign entity, and (iii) any foreign entity, proceeding down
the ownership chain(s) of each of these members, which is owned more than 50 percent by the entity above it.
Report all current and long-term intercompany accounts and interest between the U.S. affiliate and the affiliated
Part V
V .
foreign group in Part

Affiliated foreign group
Foreign affiliate of
foreign parent

Foreign Parent

Foreign affiliate of
foreign parent

➝

>50%

➝

>50%

➝

>50%
Foreign affiliate of
foreign parent

➝

Foreign
United States

This U.S. affiliate

● and ●
26

28

Do NOT net payables against receivables.
The current quarter’s opening balance should be equal to the previous quarter’s closing balance; therefore, if it is
necessary to translate the balances to U.S. dollars, use the same exchange rate to translate the opening balance
for the current quarter as was used to translate the closing balance for the previous quarter. If the closing balance
on the preceding quarter’s report was in error, note the correction.

● and ●
27

29

Report quarterly amounts (not year to date), GROSS OF U.S. AND FOREIGN WITHHOLDING TAX.
Do NOT net payments against receipts.
Derivatives Contracts – Exclude the value of outstanding financial derivatives contracts and any payments or
receipts resulting from the settlement of those contracts. For example, the settlements of interest rate derivatives
should NOT be reported as interest or as another type of transaction on this form. Derivatives contracts are
covered by the Treasury International Capital (TIC) Form D, Report of Holdings of, and Transactions in, Financial
Derivatives Contracts.
Leases – If leases between the U.S. affiliate and the affiliated foreign group are capitalized, then the outstanding
capitalized value should be reported in items 26 and 28 as an intercompany balance. Lease payments should
be disaggregated into the amounts that are (i) a reduction in an intercompany balance, to be reported in items
26 and 28 , and (ii) interest, to be reported in items 27 and 29 .

●

● ●

FORM BE-605 (Rev. 12/2011)

●
● ●

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Page 9

U.S. Affiliates’ Payables and Interest Payments to Affiliated Foreign Group

●

●
27

Payable balances

26

What amounts,
including interest on
capital leases, were
credited directly to
affiliated foreign
group during this
quarter?

What were the short and long term balances with the affiliated
foreign group at the end and beginning of the quarter?
BEGINNING
of quarter

Foreign Parent
Bil.

024

A. Payables owed directly
TO the foreign parent
by the U.S. affiliate

Mil.

Thou.

END
of quarter
Dols.

Bil.

Mil.

Thou.

Interest paid

Dols.

Bil.

2

1

018 1

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

Mil.

Thou.

Dols.

000

Foreign Affiliates
of Foreign Parent
By country:
044

1

045

1

046

1

047

1

100

B. Canada

327

C. United Kingdom

319

D. Netherlands

614

E. Japan
Other countries – Specify
048

1

F.
049

1

050

1

051

1

052

1

053

1

054

1

055

1

056

1

057

1

058

1

G.
H.
I.
J.
K.
L.
M.
N.
O.
P.
155
Q. Unallocated – Values for
countries that individually amount
to less than $500 thousand.
156

R. TOTALS

1

709

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

000
000
000
000

000
000
000
000
000
000
000
000
000
000
000
000
000

Note: Values for countries which individually amount to less than $500 thousand may be combined in
the "Unallocated" row. Do NOT net payables against receivables.
Page 10

Please continue on the next page

FORM BE-605 (Rev. 12/2011)

U.S. Affiliates’ Receivables and Interest Receipts from Affiliated Foreign Group

●

●

Interest received

29

Receivable balances

28

What amounts,
including interest on
capital leases, were
credited directly from
affiliated foreign
group during this
quarter?

What were the short and long term balances with the affiliated
foreign group at the end and beginning of the quarter?
BEGINNING
of quarter

Foreign Parent
Bil.

025

A. Receivables due to the U.S.
affiliate directly FROM the
foreign parent

Mil.

END
of quarter

Thou.

Dols.

Bil.

Mil.

Thou.

Dols.

Bil.

2

1

018 2

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

3

2

4

$

000 $

000 $

Mil.

Thou.

Dols.

000

Foreign Affiliate
of Foreign Parents
By country:
157

1

158

1

159

1

160

1

100

B. Canada

327

C. United Kingdom

319

D. Netherlands

614

E. Japan
Other countries – Specify
161

1

162

1

163

1

164

1

165

1

166

1

167

1

168

1

169

1

170

1

171

1

F.
G.
H.
I.
J.
K.
L.
M.
N.
O.
P.
268
Q. Unallocated – Values for
countries that individually amount
to less than $500 thousand.
269

R. TOTALS

1

709

If more rows are needed in order to list all countries, use
additional sheets as necessary. A photocopy of Page 10
and/or Page 11 may be used for this purpose.
FORM BE-605 (Rev. 12/2011)

000
000
000
000

000
000
000
000
000
000
000
000
000
000
000
000
000

BEA USE ONLY
001 1

Please continue on the next page

2

3

Page 11

Part VI – Annual Section – Selected Annual Information
COMPLETE THIS SECTION ONCE A YEAR, NO LATER THAN THE SECOND FILING following the close of the
financial reporting year. For example, if the U.S. affiliate’s books annually close on September 30th, this section must
be completed for the report due within 30 days after the close of the first calendar quarter (that is, by April 30th).
• If audited amounts are not available, supply estimates and label them as such. When a data item
cannot be fully subdivided as required, supply a total and an estimated breakdown of the total.
Month

Day

Year

is the ending date of the U.S. affiliate’s most recent
● What
financial reporting year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ._ _ / _ _ / _ _ _ _
034

30

is the percentage of the foreign parent’s direct equity ownership
● What
interest in the U.S. affiliate as of the date reported
31

035

30 above? Enter to tenth of percent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
in item ●

___._%

Income Statement Items
is the foreign parent’s direct equity in the consolidated
● What
U.S. affiliate’s annual net income (loss) after provision for

Bil.

32

U.S. Federal, State, and local income taxes?

Mil.

Thou.

Dols.

036

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$

000

is the foreign parent’s share of certain gains (losses) including
● What
unusual and nonrecurring items, net of taxes:
33

●

●

037

A. Included in net income in item 32 (refer to instruction for item 15 B1
on page 4)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
B. NOT included in net income in item
income (refer to instruction for item

000

32 , but taken to other comprehensive
●
. . . . . . . . . . . . . . . . . . . . . . . .$
15 B2 on page 4?
●
038

000

is the foreign parent’s share of the change in the translation
● What
adjustment account during the year? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
338

34

000

Owner’s Equity Items – Foreign Parent’s Share At End of Year
• Report the foreign parent’s share of the owner’s equity items of the consolidated U.S. affiliate
as of the date shown in item 30 .

●

• Item

●
36

must be computed on the equity method consistent with item

32 above.
●

• For unincorporated U.S. affiliates that are unable to itemize below, report the foreign
parent’s share of the total owner’s equity in item 38 .

●

Bil.

is the amount of the foreign parent’s share of common and
● What
preferred stock and additional paid-in capital? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

Mil.

Thou.

Dols.

039

35

is the amount of the foreign parent’s share of retained
● What
earnings (deficit)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
is the amount of the foreign parent’s share of other equity
● What
accounts, including other comprehensive income?

000

040

36

000

37

041

312

. . . . . . . .$

Specify ➔

● TOTAL (sum of items ● through ● )
38

Page 12

35

37

000

042

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .$

Please continue on the next page

000

FORM BE-605 (Rev. 12/2011)

Part VII – Claim for Exemption
U.S. affiliate, as consolidated, is exempt from filing a BE-605 report if ANY ONE of the conditions specified in
● The
statements A–E below applies:
1

• Check the statement that applies and complete ALL adjacent answer boxes.
A01_1

A. The values of the U.S. affiliate’s total assets, sales or gross operating revenues,
AND net income (loss) were EACH equal to or less than $60 million (positive or
negative) for the most recent financial reporting year. If the U.S. business enterprise
has not been in existence for a full 12 months, project amounts for the first full year
of operations. This information is only required to be filed once a year.

Bil.

Mil.

Thou.

Dols.

A11

Total assets – Do not net against liabilities . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

000

A12

Sales or gross operating revenues, excluding sales taxes – Do not report gross margin

. . . . .$

000

A13

Net income (loss) after provision for U.S. Federal, State and local income taxes . . . . . . . . . . . $
Month

Day

000

Year

A14

12-month period ended . . . . . . . . . . . . . . . . . . . . . . . . ._. _
. . /. _ _ / _ _ _ _
A01_2

B. This U.S. affiliate is consolidated, merged into, or reorganized into the BE-605 report for another U.S. affiliate.
Month

Day

Year

A22

Date of change: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ._. ._. ./ _ _ / _ _ _ _
Company name A20
and address: . . . .
BEA ID number of above named U.S. affiliate (or name of A21
contact person and telephone number): . . . . . . . . . . . . . . . . .
A01_3

C. This U.S. affiliate is indirectly foreign owned through another U.S. affiliate AND has no direct transactions with the
foreign parent(s) or any of its (their) foreign affiliates.

A01_4

D. The foreign parent’s voting interest in this U.S. business enterprise was (check ANY ONE that applies):
A02_1

1. Sold to a U.S. entity that does not have foreign ownership of 10 percent or more.
Month

Day

Year

A31

Date of sale: . . . . . . . . . . . . . . . . . . . . . . . . . . . ._. _ / _ _ / _ _ _ _
A33

Company name: . . .
Bil.

Mil.

Thou.

Dols.

A32

Approximate sale value: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $
Month

A02_2

Day

000

Year

2. Liquidated/dissolved.
A34
Date: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ._. _ / _ _ / _ _ _ _

Bil.

Mil.

Thou.

A35
Approximate amount of liquidation/dissolution:
Returned to the foreign parent? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $

000

A37

A36

$

Other – Please specify
A02_3

Dols.

000

3. Diluted.
The foreign parent’s total voting interest in this U.S. affiliate is below the 10 percent threshold required to file.
Month

Day

Year

A38

Date of change: . . . . . . . . . . . . . . . . . . . . . . . . ._. _ / _ _ / _ _ _ _

A39

New percentage of ownership for foreign parent? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . _ _ _ . _ %
A40
A01_5

E. Other – Please specify

FORM BE-605 (Rev. 12/2011)

Please continue on the next page

Page 13

Part VIII – Remarks Section
A41

Page 14

Please continue on next page

FORM BE-605 (Rev. 12/2011)

Purpose – Reports on this form are required to provide reliable and up-to-date information on foreign direct
investment in the United States for inclusion in the U.S. international transactions accounts and the national income
and product accounts.
Authority – This survey is being conducted under the International Investment and Trade in Services Survey Act
(P.L. 94-472, 90 Stat. 2059, 22 U.S.C. 3101-3108, as amended), and the filing of reports is MANDATORY pursuant to
Section 5(b)(2) of the Act (22 U.S.C. 3104). The implementing regulations are contained in Title 15, CFR, Part 806.
Penalties – Whoever fails to report may be subject to a civil penalty not less than $2,500, and not more than
$25,000, and to injunctive relief commanding such person to comply, or both. Whoever willfully fails to report shall be
fined not more than $10,000 and, if an individual, may be imprisoned for not more than one year, or both. Any officer,
director, employee, or agent of any corporation who knowingly participates in such violation, upon conviction, may be
punished by a like fine, imprisonment, or both. (22 U.S.C. 3105)
The civil penalties are subject to inflationary adjustments. Those adjustments are found in 15 CFR 6.4.
Notwithstanding any other provision of the law, no person is required to respond to, nor shall any person be subject
to a penalty for failure to comply with, a collection of information subject to the requirements of the Paperwork
Reduction Act, unless that collection of information displays a currently valid OMB Control Number.
Respondent Burden – Public reporting burden for this collection of information is estimated to average 1 hour per
response, including the time for reviewing instructions, searching existing data sources, gathering and maintaining the
data needed, and completing and reviewing the collection of information. Send comments regarding this burden
estimate or any other aspect of this collection of information, including suggestions for reducing this burden, to:
Director, Bureau of Economic Analysis (BE-1), U.S. Department of Commerce, Washington, DC 20230; and to the
Office of Management and Budget, Paperwork Reduction Project 0608-0009, Washington, DC 20503.
Confidentiality – The Act provides that your report to this Bureau is CONFIDENTIAL and may be used only for
analytical or statistical purposes. Without your prior written permission, the information filed in your report CANNOT
be presented in a manner that allows it to be individually identified. Your report CANNOT be used for purposes of
taxation, investigation, or regulation. Copies retained in your files are immune from legal process.
Certification – The undersigned official certifies that this report has been prepared in accordance with the applicable
instructions, is complete, and is substantially accurate except that, in accordance with the Instructions, estimates may
have been provided where data are not available from customary accounting records or precise data could not be
obtained without undue burden.
Authorized official’s signature

Print or type name and title

Date

PERSON TO CONSULT CONCERNING QUESTIONS ABOUT THIS REPORT – Enter name and address
Name
801_1

Address
806

807

Telephone
number

Area code

Number

Extension

802_1

802_2

802_3

FAX
number

Area code

Number

803_1

803_2

May e-mail and/or fax be used in correspondence between your enterprise and BEA, including faxed reports, and/or to
discuss questions relating to this survey that may contain confidential information about your company?
Note: The internet and telephone systems are not secure means of transmitting confidential information unless it is
encrypted. If you choose to communicate with BEA via fax or electronic mail, BEA cannot guarantee the security of the
information during transmission, but will treat information we receive as confidential in accordance with Section 5(c) of
the International Investment and Trade in Services Survey Act.
804

Email:

1
2

808

Fax:

1
2

Yes
No

E-mail address
805_1

Yes
No

FORM BE-605 (Rev. 12/2011)

Please see definitions on page 16

Page 15

Definitions
Affiliate means a business enterprise located in one country that is directly or indirectly owned or
controlled by an entity of another country to the extent of 10 percent or more of its voting stock for an
incorporated business or an equivalent interest for an unincorporated business, including a branch.
Affiliated foreign group means (i) the foreign parent, (ii) any foreign entity, proceeding up the foreign
parent’s ownership chain, that owns more than 50 percent of the entity below it up to and including that
entity which is not owned more than 50 percent by another foreign entity, and (iii) any foreign entity,
proceeding down the ownership chain(s) of each of these members, which is owned more than 50 percent
by the entity above it.
Banking covers business enterprises engaged in deposit banking or closely related functions, including
commercial banks, Edge Act corporations engaged in international or foreign banking, foreign branches
and agencies of U.S. banks whether or not they accept deposits abroad, U.S. branches and agencies of
foreign banks whether or not they accept domestic deposits, savings and loans, savings banks, bank
holding companies, and financial holding companies under the Gramm–Leach–Bliley Act. (U.S. branches
of foreign banks are U.S. entities; conversely, foreign branches of U.S. banks are foreign entities.)
Branch means the operations or activities conducted by an entity in a different location in its own name
rather than through an incorporated entity.
Business enterprise means any organization, association, branch, or venture that exists for profit making
purposes or to otherwise secure economic advantage, and any ownership of any real estate.
Direct investment means the ownership or control, directly or indirectly, by one investor of 10 percent or
more of the voting securities of an incorporated business enterprise or an equivalent interest in an
unincorporated business enterprise.
Entity (as used here, "entity" is synonymous with "person," as that term is used in the broad legal sense)
means any individual, branch, partnership, associated group, association, estate, trust, corporation, or other
organization (whether or not organized under the laws of any State), and any government (including a foreign
government, the United States Government, a State or local government, and any agency, corporation,
financial institution, or other entity or instrumentality thereof, including a government-sponsored agency).
Finance industry is comprised of businesses engaged in financial transactions (transactions involving the
creation, liquidation, or change in ownership of financial assets) and/or in facilitating financial transactions.
Finance industry activities include the raising of funds by taking deposits and/or issuing securities, and in the
process, incurring liabilities, and providing specialized services facilitating, or supporting, financial intermediation.
Foreign, when used in a geographic sense, means that which is situated outside the United States or which
belongs to or is characteristic of a country other than the United States.
Foreign affiliate of foreign parent (FAFP) means, with reference to a given U.S. affiliate, any member of
the affiliated foreign group that is not a foreign parent of the affiliate.
Foreign direct investment in the United States means the ownership or control, directly or indirectly, by
one foreign investor of 10 percent or more of the voting securities of an incorporated U.S. business
enterprise or an equivalent interest in an unincorporated U.S. business enterprise, including a branch or
partnership.
Foreign parent means each and every foreign entity that directly holds a voting interest of 10 percent or
more in the U.S. business enterprise identified as the U.S. affiliate.
United States, when used in a geographic sense, means the 50 States, the District of Columbia, the
Commonwealth of Puerto Rico, and all territories and possessions of the United States.
U.S. affiliate means an affiliate located in the United States in which a foreign entity has a direct investment.
U.S. corporation means a business enterprise incorporated in the United States.
Voting interest is the percent of ownership in the voting securities of an incorporated business enterprise or
an equivalent interest in an unincorporated business enterprise, including a branch or partnership.

Page 16

FORM BE-605 (Rev. 12/2011)