BE-11C Report for Foreign Affiliate

FORM

BE-10C

OMB No. 0608-0053: Approval Expires 12/31/2016

(REV. 07/2014)

2014 BENCHMARK SURVEY OF U.S. DIRECT INVESTMENT ABROAD
MANDATORY — CONFIDENTIAL

BE-10C (Report for Foreign Affiliate of U.S. Reporter)

Mail reports to:

C

Affiliate ID Number

Electronic Filing: Go to www.bea.gov/efile for details

1 Name of U.S. Reporter of foreign affiliate – Same as 1 , Form BE-10A

U.S. Department of Commerce
Bureau of Economic Analysis, BE-69(A)
Washington, DC 20230

Deliver reports to: U.S. Department of Commerce

Bureau of Economic Analysis, BE-69(A)

Shipping and Receiving, Section M-100

1441 L Street, NW

Washington, DC 20005
Fax reports to:

(202) 606-5312

Assistance:

E-mail:
Telephone:
Copies of form:

2 Name of foreign affiliate being reported – Use the same name on all reports
filed subsequently for this affiliate with the Bureau of Economic Analysis,
e.g., Forms BE-11 and Form BE-577.
be10/[email protected]
(202) 606-5566
www.bea.gov/dia

Please include your BEA Identification Number with
all requests.

1002

IMPORTANT
Instruction Booklet — Contains additional instructions, definitions, and detailed reporting requirements for completing this form.
Who must report — The U.S. Reporter must file Form BE-10C for:
(1) each majority-owned foreign affiliate for which total assets; sales or gross operating revenues, excluding sales taxes; or net income after provision
for foreign income taxes was greater than $25 million (positive or negative), but for which no one of these items was greater than $80 million
(positive or negative) at any time during the affiliate’s 2014 fiscal year;
(2) each minority-owned foreign affiliate for which total assets; sales or gross operating revenues, excluding sales taxes; or net income after provision
for foreign income taxes was greater than $25 million (positive or negative) at any time during the affiliate’s 2014 fiscal year; and
(3) each foreign affiliate for which no one of the items: total assets; sales or gross operating revenues, excluding sales taxes; or net income after
provision for foreign taxes was greater than $25 million (positive or negative) at any time during the affiliate’s 2014 fiscal year that is a foreign
affiliate parent of another foreign affiliate being filed on Form BE-10B or BE-10C.
NOTE — If the foreign affiliate is exempt from being reported on Form BE-10C, see the reporting requirements for Form BE-10B and BE-10D.
The foreign affiliate must be reported on one of those forms.
Due Date — A complete BE-10 report is due on the following dates:
May 29, 2015 for a U.S. Reporter required to file fewer than 50 Forms BE-10B, BE-10C, and/or BE-10D
June 30, 2015 for a U.S. Reporter required to file 50 or more Forms BE-10B, BE-10C, and/or BE-10D
Translation of foreign currency financial and operating data into U.S. dollars — Use U.S.
Generally Accepted Accounting Principles FASB ASC 830 (FAS 52). See Instruction Booklet, Part IV.B.
Monetary Values — Report in U.S. dollars rounded to thousands (omitting 000).
EXAMPLE – If amount is $1,334,891.00, report as. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If an item is between + or – $500.00, enter “0.” Use parenthesis () to indicate negative numbers.
Percentages — Report ownership percentages to a tenth of one percent: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$
1

Bil.

Mil.

Thous.

Dols.

1

335

000

9 ___
8 . ___
7 %
___ ___

Part I — Identification of Foreign Affiliate
3 Number of foreign affiliates consolidated in this report — Do not consolidate affiliates located in different countries or in different 4-digit
industries. See the Instruction Booklet, Part I.B.2.d.(1). If your answer to this question is 2 or more, you must complete Supplement B (page 9)
of this report. If this report is for a single foreign affiliate, enter “1” in the box.
1003 1

4 Country of incorporation or organization of this foreign affiliate — Mark (X) one.
1007

1 601

Australia

1 650

China

1 313

Ireland

1 319

Netherlands

1 302

Belgium

1 307

France

1 314

Italy

1 325

Switzerland

1 202

Brazil

1 308

Germany

1 614

Japan

1 327

United Kingdom

1 100

Canada

1 611

Hong Kong

1 213

Mexico

1

Other — Specify

Part I — Identification of Foreign Affiliate — Continued
5 What is the country of location? – Country in which this foreign affiliate’s physical assets are located or where its
primary activity is carried out — Mark (X) one.
Note – If the affiliate is engaged in petroleum, shipping, other water transportation, or oil and gas drilling, and has operations
spanning more than one country, use country of incorporation for country of location. For example, classify in country of
incorporation an oil drilling rig that moves from country to country during the year.
1007

1 601

Australia

1 650

China

1 313

Ireland

1 319

Netherlands

1 302

Belgium

1 307

France

1 314

Italy

1 325

Switzerland

1 202

Brazil

1 308

Germany

1 614

Japan

1 327

United Kingdom

1 100

Canada

1 611

Hong Kong

1 213

Mexico

1

Other — Specify

6 What is the city of location? – Primary city in which this foreign affiliate’s physical assets are located or where its
primary activity is carried out

Month
1009

Day

Year

1

7 What is the ending date of this foreign affiliate’s 2014 fiscal year? The foreign affiliate’s financial
2 __
0 __
1 __
4
reporting year that has an ending date in calendar year 2014. See Instruction Booklet, Part II.A.. . . . . . . . . . . . . . . . __ __ / __ __ / __

8 Was the foreign business enterprise a foreign affiliate of the U.S. Reporter for only part of FY2014?
1010

1

1

1

2

Yes, and this is its initial report — Affiliate was not previously owned by the U.S. Reporter.
If “Yes,” did the U.S. Reporter — Mark (X) one.
2

1

2

2

2

3

BEA
USE
ONLY
Page 2

3

Enter
date





Enter
date

Month

Year

3

___ ___ / ___ ___ ___ ___

Yes, and this is its final report —
If “Yes,” was the affiliate — Mark (X) one.
2

4

2

5

Merged or reorganized?
Sold:

1





Establish the foreign affiliate?
Acquire a voting interest of 10 percent or more in an existing foreign company from
a foreign person?
Acquire a voting interest of 10 percent or more in this affiliate from a U.S. person?
— Give name and address of U.S. person.

2

6

2

7

2

8

to a U.S. person? — Give name and address of U.S. person.

to a foreign person?
Liquidated
Seized?

Month

Year

3

___ ___ / ___ ___ ___ ___

No

1025

1

2

3

4

5

1026

1

2

3

4

5

1027

1

2

3

4

5

FORM BE-10C (REV. 7/2014)

Part I — Identification of Foreign Affiliate — Continued
Section A — Direct Ownership in this Foreign Affiliate
• Equity interest is the U.S. Reporter’s direct ownership in the total equity (voting and nonvoting) of the affiliate.
Examples of nonvoting equity include nonvoting stock and a limited partner’s interest in a partnership.
• Voting interest is the U.S. Reporter’s direct ownership in just the voting equity of
the affiliate. Examples of voting equity include voting stock and a general partner’s
interest in a partnership. Thus, a U.S. Reporter could have a 100 percent direct voting
interest in an affiliate but own less than 100 percent of the affiliate’s total equity.

Percent of ownership at close of fiscal year

Equity interest

• Enter percent of ownership based on total voting stock, as applicable, if an
incorporated affiliate, or an equivalent interest if an unincorporated affiliate.

Equity 2014
(1)

What is the direct ownership percent of this foreign affiliate held by:

1

Equity 2013
(2)
2
1012

Voting interest
Voting 2014
(3)

Voting 2013
(4)

3

4
2

1

. —%—.—% — — —. .—%
6 U.S. Reporter named in 1 ? — Report equity interest and voting interest. . . . . . . — — —.—% — — —.—% —
3

1013

2

4

— — —.—% — — —.—%

7 Other foreign affiliate(s) of U.S. Reporter named in 1 ? — If entry is made here, complete 14 and 15 . . . . . . .

3

1014

2

4

— — —.—% — — —.—%

8 Other U.S. Reporter(s) of this foreign affiliate? — If entry is made here, 16 must be “Yes.” . . . . . . . . . . . . . . . . . . . .

3

1015

2

4

— — —.—% — — —.—%

9 Foreign affiliate(s) of other U.S. Reporter(s)? — If entry is made here, 16 must be “Yes.” . . . . . . . . . . . . . . . . . . . . .

3

1016

2

4

— — —.—% — — —.—%

10 Other U.S. persons? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

1017

2

4

— — —.—% — — —.—%

11 Foreign persons in this affiliate’s country of location? (not reported above). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

1018

2

4

— — —.—% — — —.—%

12 All other foreign persons? (not reported above). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

13 What is the total directly held voting ownership interests? — Sum of 6 through 12 . . . . . . . . . . .

1019 2

— — —.—%

3

1020 2

4

100.0 %
100.0 %

4

14 What is the indirect ownership interest held through the U.S. Reporter’s other foreign affiliates?.
.
%
If there is an entry in 7 , enter U.S. Reporter’s percent of indirect ownership in this affiliate.
See Instruction Booklet, Part I.B.1.c., for instructions on how to calculate indirect ownership percentage . . . . . . — — —.—% — — —.—%
15 W
. hat is the name of the foreign affiliate parent(s)? — If there is an entry in 7 , enter below, the name(s), BEA ID Number, and
percent(s) of ownership of each foreign affiliate of the U.S. Reporter named in 1 holding a direct ownership interest in this foreign affiliate. Also,
for each foreign affiliate in column (a) that is below the first tier in its ownership chain, enter in column (d) the name of the foreign affiliate that holds a
direct ownership interest in it.
Foreign affiliate(s) holding direct ownership interest in this foreign affiliate
Name
Enter name of foreign affiliate(s)
holding a direct ownership interest
in this foreign affiliate.
(a)
1191

a.
1192

b.
1193

c.

BEA Affiliate ID Number taken from the Form
BE-10B, BE-10C, or BE-10E of each foreign
affiliate named in column (a)
(b)

Close FY 2014
(c)

1

2

1

2

1

2

Close FY 2013
(c)

Name of the foreign
affiliate, if any, in
ownership chain that holds
a direct interest in the
foreign affiliate named in
column (a)
(d)

— — — — — — - — — — — - — — — —.—% — — —.—%
— — — — — — - — — — — - — — — —.—% — — —.—%

— — — — — — — — — — — — — —.—% — — —.—%
1021

TOTAL — Must equal percentage entered in

BEA
USE
ONLY

Percent of direct
ownership in this
foreign affiliate

7 . . . . . . . . . . . . . . . . . . .

2

— — —.—% — — —.—%

1025

1

2

3

4

5

1026

1

2

3

4

5

1027

1

2

3

4

5

FORM BE-10C (REV. 7/2014)

Page 3

Part I — Identification of Foreign Affiliate — Continued
Section B — Industry Classification

Affiliate ID

Major activity of foreign affiliate
18 .What is the one activity below that best describes the major activity of the foreign affiliate? — Mark (X) one.
Note — For an inactive affiliate, select the activity based on its last active period; for “start-ups,” select the intended activity.
1028

1

1

1

2

1

3

1

4

1

Producer of goods
Seller of goods the foreign affiliate does not produce
Producer or distributor of information
Provider of services

5

Other – Specify

19 .What is the MAJOR product or service involved in this activity? If a product, briefly state what is done to it, i.e., whether it
is mined, manufactured, sold at wholesale, packaged, transported, etc. (For example, “Manufacture widgets to sell at wholesale.”)
1029

Industry classification of foreign affiliate (based on sales or gross operating revenues)
• Report in columns (1) and (2) respectively, the 4-digit International Surveys Industry (ISI) code(s) and the sales associated with each code.
• For a full explanation of each code, see the Guide to Industry Classifications for International Surveys, 2007.
• For an inactive foreign affiliate, enter an ISI code based on its last active period.
• Holding companies (ISI code 5512) must show total income. To be considered a holding company, income from equity investments must be
more than 50 percent of total income. In addition, normally at least 50 percent of total assets must consist of investments in affiliates. ISI code 5512
(holding company) is an invalid classification if more than 50 percent of income generated, or expected to be generated, by an affiliate is from
non-holding company activities.
• Dealers in financial instruments and finance, insurance, and real estate companies see Special Instructions on page 14.
Sales or gross
operating revenues
ISI code
(1)

(2)

What is the foreign affiliate’s industry (ISI) code(s) and value(s) for:

$ Bil.
1030

1

2

1

2

1

2

Mil.

000

20 Largest sales or gross operating revenues?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1031

000

21 2nd largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1032

22 3rd largest sales or gross operating revenues?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

1033 2

000

23 Sales or gross operating revenues not accounted for above?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1034 2

24 What is the foreign affiliate’s total sales or gross operating
revenues? — Sum of 20 through 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

1039

BEA
USE
ONLY

1040

Thous. Dols.

1

2

3

4

5

1

2

3

4

5

Part II — Financial and Operating Data of Foreign Affiliate
Section A — Income Statement Items — See Additional Instructions for Part II, Section A, on page 10 at the
back of this form.
25 Sales or gross operating revenues, excluding sales taxes — Must equal item 24, column (2) and also item 70,
column (1). (Dealers in financial instruments see Special Instructions, A.1., page 11; insurance companies see
Special Instructions, B.3.a., page 11.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ Bil.

Amount
Mil. Thous. Dols.

1

000
1

000

25 Certain gains (losses) — Report gross amount before income tax effect. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1

000

25 Foreign income taxes — Provision for foreign income taxes for FY 2009. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1

000

25 Net income (loss). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Foreign Affiliate Research and Development Performed
Research and development performed BY the affiliate — Include all costs incurred in performing R&D, including
depreciation, amortization, wages and salaries, property taxes and other taxes (except income taxes), materials and supplies,
allocated overhead, and indirect costs. A more complete definition of research and development costs is provided in FASB
ASC 730, Research and Development (FASC Statement No. 2, “Accounting for Research and Development Cost.”)
26 What is the foreign affiliate’s value for R&D performed BY this affiliate?. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Page 4

$ Bil.

Mil.

Thous. Dols.

1

000
FORM BE-10C (REV. 7/2014)

Part II — Financial and Operating Data of Foreign Affiliate
Section B — Number of Employees and Employee Compensation
• Report the number of employees on the payroll at the end of FY 2014 including part-time employees, but excluding temporary and contract
employees not included on your payroll records. A count taken at some other date during the reporting period may be given provided it is a reasonable
estimate of employees on the payroll at the end of FY 2014. If the number of employees at the end of FY 2014 (or when the count was taken) was
unusually high or low due to temporary factors (e.g., a strike), enter the number of employees that reflects normal operations. If the number of
employees fluctuates widely during the year due to seasonal business variations, report the average number of employees on the payroll during FY
2014. Base such an average on the number of employees on the payroll at the end of each pay period, month or quarter. If precise figures are not
available, give your best estimate.
• Report employee compensation expenditures made by an employer in connection with the employment of workers, including cash payments,
payments in-kind, and employer expenditures for employee benefit plans including those required by statute. Base compensation data on payroll
records. Report compensation which relates to activities that occurred during the reporting period regardless of whether the activities were charged as
an expense on the income statement, charged to inventories, or capitalized. DO NOT include data related to activities of a prior period, such as those
capitalized or charged to inventories in prior periods. DO NOT include compensation of contract workers not carried on the payroll of this affiliate. Total
employee compensation consists of wages and salaries of employees and employer expenditures for all employee benefit plans.
— Wages and salaries include gross earnings of all employees before deduction of employees’ payroll withholding taxes, social insurance
contributions, group insurance premiums, union dues, etc. Include time and piece-rate payments, cost of living adjustments, overtime pay and shift
differentials, bonuses, profit-sharing amounts, stock-based compensation, and commissions. Exclude commissions paid to independent personnel
who are not employees. Include direct payments by employers for vacations, sick leave, severance (redundancy) pay, etc. Exclude payments made
by, or on behalf of, benefit funds rather than by the employer. Include employer contributions to benefit funds. Include in-kind payments, valued at
their costs, that are clearly and primarily of benefit to the employees as consumers. Do not include expenditures that benefit employers as well as
employees, such as expenditures for plant facilities, employee training programs, and reimbursement of business expenses.
— Employee benefit plans include employer expenditures for all employee benefit plans including those mandated by government statute, those
resulting from collective bargaining contracts, and those that are voluntary. Include Social Security and other retirement plans, life and disability
insurance, guaranteed sick pay programs, workers’ compensation insurance, medical insurance, family allowances, unemployment insurance,
severance pay funds, etc. Also, include deferred post-employment and post-retirement expenses per FASB ASC 715 (FAS 106). If plans are
financed jointly by the employer and the employee, include only the contributions of the employer.
Number of employees
2105

1

29 What is the foreign affiliate’s total number of employees? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$ Bil. Mil. Thous. Dols.
2110

30 What is the foreign affiliate’s total employee compensation expenditure? — Report,
for all employees, the sum of wages and salaries and employee benefit plans . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

000

31 If total employee compensation expenditure in 30 is zero, is the compensation on the payroll of another foreign affiliate?
2111

BEA
USE
ONLY

1

1

Yes

1

2

No — Explain why compensation is zero.

2116

1

2

3

4

5

63 Capital stock and additional paid-in capital
• Include common and preferred, voting and nonvoting capital stock and additional paid-in capital.
64 Retained earnings (deficit)
• Include earnings retained by the corporation and legally available for dividends, and earnings voluntarily restricted.
65 Translation adjustment
• Report the cumulative amount at year end per FASB ASC 830 (FAS 52) - For unincorporated foreign affiliates, report that portion of 70
representing the affiliate’s cumulative translation adjustment account.
66 All other components
• Include the cumulative balance of unrealized holding gains and losses due to changes in the valuation of available-for-sale securities per FASB
ASC 320 (FAS 115) and any other comprehensive income items required to be displayed separately from retained earnings as per FASB ASC
220 (FAS 130).

FORM BE-10C (REV. 7/2014)

Page 5

Part II — Financial and Operating Data of Foreign Affiliate — Continued
Section B — Balance Sheet — See Instructions on page 8.
• Disaggregate all asset and liability items in the detail shown. Show accounts receivable
and payable between the U.S. Reporter and this foreign affiliate in the proper asset and
liability accounts. Do not report them as a net amount.

Affiliate ID
Balance at close
of fiscal year 2014

What are the foreign affiliate’s values for:

Balance at close of fiscal
year 2013 (unrestated)
(2)

(1)

ASSETS (Insurance companies see Instructions for 55 and 58 on page 8.)

$ Bil. Mil. Thous. Dols.
2081

1

000

55 Property, plant, and equipment — net?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2082

1

000
1

000
1

2086

000
1

000
2

000

63 Capital stock and additional paid-in capital?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2089

000
2

62 Total liabilities?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

OWNERS’ EQUITY — Incorporated affiliate only, complete 63 through 69

000
2

59 Total assets? — Sum of 55 and 58 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2085

000
2

58 Other assets? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2084

$ Bil. Mil. Thous. Dols.
2

1

000
2

000

64 Retained earnings (deficit)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

Accumulated other
comprehensive income
(loss)
65 Translation adjustment
component?. . . . . . . . . . . . . . . .

Balance at close
of fiscal year 2014

Balance at close of fiscal
year 2008 (unrestated)
(2)

(1)
$ Bil. Mil. Thous. Dols.
1

$ Bil. Mil. Thous. Dols.
2

000
1

000
2

000

66 All other components?. . . . . . . .

000
2095

1

2096

1

67 Total accumulated other comprehensive income (loss)? —
Equals sum of 65 and 66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
68 Other? — Include treasury stock and involuntarily (or legally) restricted earnings,
and noncontrolling interests per FASB ASC 810 (FAS 167). — Specify. . . . . . . . . . . . . . . . .

2090

69 Total owners’ equity (incorporated foreign affiliate)? —
Equals 59 minus 62 and, equals the sum of 63 , 64 , 67 , and 68 . . . . . . . . . . . . .

2

000
000

1

1

2093

1

2

Page 6

1

2

3

000
2

000

000
2

000

71 Translation adjustment?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2159

000

000

OWNERS’ EQUITY — Unincorporated affiliate only, complete 70 and 71
2092
70 Total owners’ equity (unincorporated foreign affiliate)? —
Equals 59 minus 62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

BEA
USE
ONLY

000
2

4

000

5

FORM BE-10C (REV. 7/2014)

Part II — Financial and Operating Data of Majority-Owned Foreign Affiliate — Continued
Section E — Property, Plant, and Equipment (PP&E) Expenditures, and Depreciation

Affiliate ID

• PP&E expenditures includes expenditures for land, timber, mineral and like rights owned, structures, machinery, equipment, special tools, and
other depreciable property; construction-in-progress; and capitalized tangible and intangible exploration and development costs, but excludes
expenditures for other types of intangible assets, and land held for resale.
• Include expenditures for items leased from others (including land) under capital leases. Also include the expenditure for the capitalized value of
timber, mineral, and similar rights leased by the foreign affiliate from others. Exclude items the foreign affiliate has sold under a capital lease.
• Exclude from expenditures all changes in PP&E, resulting from a change in the entity (i.e., due to mergers, acquisitions, divestitures, etc.) or
accounting principles during FY 2013.
• For foreign affiliates engaged in exploring for, or developing, natural resources, include exploration and development
expenditures made during FY 2013 that were capitalized, including capitalized expenditures to acquire or lease mineral rights. Do not include
adjustments for expenditures charged against income in prior years but subsequently capitalized during FY 2013.
• Insurance companies should include expenditures WHEREVER CLASSIFIED IN THE BALANCE SHEET
(i.e., include expenditures that have been classified in “other noncurrent assets”).
What are the foreign affiliate’s values for:

$ Bil. Mil. Thous. Dols.

2157

1

000

80 Expenditures for new and used property, plant, and equipment (PP&E)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2158

1

81 Current-period depreciation and depletion? – Current-period charges against property, plant, and equipment
included in 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

Part III — Investment and Transactions Between the U.S. Reporter and the Foreign Affiliate
Use Part III to report the line of direct ownership included in item  8 , if any, and to report direct financial positions or transactions between the U.S.
Reporter and the foreign affiliate.
51 Did the U.S Reporter named in item 1 have a direct ownership interest in this affiliate at any time during the affiliate’s
2014 fiscal year (i.e., is any column of item 8 greater than zero)? — Mark (X) one.
2111

1

1

1

2

Yes — Continue with item 52
No — Complete Section B of Part III and then continue with item 66 of Part IV

Section A — U.S. Reporter’s Equity in Foreign Affiliate’s Net Income, and Dividends or Distributed Earnings —
See Additional Instructions for Part III, Section A, on page 10 at the back of this form.
Enter the amounts that represent the U.S. Reporter’s equity, based on its directly held equity interest. Thus if the U.S. Reporter
holds both a direct and indirect equity interest, enter the amounts which represent only the directly held equity interest.
52 Net income (loss) after provision for foreign income taxes — Enter U.S. Reporter’s share of net
income, item 28 .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
53 Dividends on common and preferred stock of incorporated foreign affiliate (Exclude stock and
liquidating dividends) or distributed earnings of unincorporated foreign affiliate — gross amount. . . .

$ Bil.

Amount
Mil. Thous. Dols.

1

000
1

000

Section C — Change in U.S. Reporter’s Equity in Capital Stock and/or Additional Paid-in Capital of Incorporated Foreign
Affiliate or Equity Investment in Unincorporated Foreign Affiliate — See Additional Instructions for Part III, Section C, on
page 11 at the back of this form.
Report transactions during the year that changed the U.S. Reporter’s equity holdings in the foreign affiliate. Include equity changes due to treasury stock
transactions with the U.S. Reporter and liquidating dividends. Exclude equity changes due to net income (loss), stock and cash dividends, earnings
distributions, balance sheet translation adjustments, treasury stock transactions with persons other than the U.S. Reporter and reorganizations in capital
structure that do not affect total equity. Report all amounts at transaction (i.e., market) value of the consideration given (received)
by the U.S. Reporter.
Amount
Increase in U.S. Reporter’s Equity Interest in This Affiliate
$ Bil. Mil. Thous. Dols.
58 Establishment of affiliate or acquisition (partial or total) of equity interest in this affiliate by the U.S. Reporter either
from this affiliate or from other foreign persons. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
59 Capital contributions and other transactions of the U.S. Reporter with foreign persons that increase equity in
this affiliate — Specify. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1
1
1

60 Acquisition (partial or total) of equity interest in this affiliate by the U.S. Reporter from other U.S. persons. . . . . . . . . . . .

000
000
000

Decrease in U.S. Reporter’s Equity Interest in This Affiliate
61 Liquidation of affiliate or sale (partial or total) of equity interest in this affiliate by the U.S. Reporter either to this
affiliate or to other foreign persons . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
62 Return of capital contributions to the U.S. Reporter and other transactions of the U.S. Reporter with foreign
persons that decrease equity in this affiliate — Specify . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1
1
1

63 Sale (partial or total) of equity interest in this affiliate by the U.S. Reporter to other U.S. persons . . . . . . . . . . . . . . . . . . .
1

64 TOTAL — Equals sum of items 58 , 59 , and 60 , minus sum of items 61 , 62 , and 63 . . . . . . . . . . . . . . . . . .

000
000
000
000

65 Intentionally blank
FORM BE-10C (REV. 7/2014)

Page 7

Part III — Investment and Transactions Between the U.S. Reporter and the Foreign Affiliate — Continued
Intercompany Debt Questions for Finance Companies

11 Is the foreign affiliate a depository or non-depository bank (ISI codes 5221 or 5229), a securities broker or dealer (ISI code 5231), or in the finance
industry (ISI codes 5223, 5224, 5238, or 5252)?
2111

1

1

Yes — Continue with item XX

1

2

No — SKIP to item XX [intercompany debt items]

12 Is the U.S. Reporter a “bank” or primarily acting as a securities broker or dealer (ISI code 5231)?
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
Graham-Leach-Bliley Act.
2111

1

1

Yes — Continue with item XX

1

2

No — SKIP to item XX

13 Does the U.S. Reporter have consolidated U.S. subsidiaries or units that have insurance, real estate, or leasing activities?
2111

1

1

Yes — Complete items XX through XX [intercompany debt items] but ONLY report the balances and interest between this
foreign affiliate and the units of the U.S. reporter engaged in insurance, real estate, and leasing activities.

1

2

No — SKIP to Y [equity section; skip intercompany debt]

14 Does the U.S. Reporter have consolidated U.S. subsidiaries or units that have depository or non-depository banking activities (ISI codes 5221 and
5229) or securities broker or dealer activities (ISI code 5231)?
2111

1

1

Yes — Complete items XX through XX [intercompany debt items] but ONLY report the balances and interest between this
foreign affiliate and the units of the U.S. Reporter NOT engaged in depository or non-depository banking activities or securities
broker or dealer activities.

1

2

No — Continue with item XX [intercompany debt items]

Section B — Debt and Other Intercompany Balances and Interest Receipts and Payments Between the U.S. Reporter and
the Foreign Affiliate – See Additional lnstructions for Part III, Section B, on page 11 at the back of this form.
Debt and Other Intercompany Balances Between the U.S. Reporter and the Foreign Affiliate
54 Are the U.S. Reporter named in item  1  AND this foreign affiliate both banks?

Note: A “bank” is a business entity engaged in deposit banking or closely related functions, including commercial banks, Edge Act corporations,
foreign branches and agencies of U. S. banks whether or not they accept deposits abroad, savings and loans, savings banks, bank holding
companies, and financial holding companies under the Gramm-Leach-Bliley Act.
2111

1

1

Yes — Skip to item 58

1

2

No — Continue with item 55

If the answer to item 54 is no, report in items 55 and 56 all current and long-term
intercompany receivables and payables between the U.S. Reporter and the foreign affiliate.
Include current and long-term items, indebtedness resulting from a capital lease, and the
net book value of equipment under a long-term operating lease. For leases and
derivative contracts see Additional lnstructions for Part III, Section B, on
page 11 at the back of this form.
55 Receivables due to the foreign affiliate from the U.S. Reporter —
Do not net against liabilities, item 56 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
56 Liabilities owed to the U.S. Reporter by the foreign affiliate —
Do not net against receivables, item 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interest Receipts and Payments (Gross of Withholding Taxes)
Between the U.S. Reporter and the Foreign Affiliate
Enter amounts received, paid, or entered into intercompany accounts, whichever occurred first.
57 Interest on amounts reported in items 55 and 56, including interest
on capital leases – Report interest receipts and interest payments at gross. Do
not net the receipts against the payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Page 8

Balance at close
of fiscal year 2014

Balance at close of fiscal
year 2013 (unrestated)
(2)

(1)
$ Bil. Mil. Thous. Dols.
1

$ Bil. Mil. Thous. Dols.
2

000
1

000
2

000

000
Payments by foreign
affiliate to U.S. Reporter
- gross of foreign tax
withheld
(2)

Receipts by foreign affiliate
from U.S. Reporter - gross
of U.S. tax withheld
(1)
$ Bil. Mil. Thous. Dols.
1

$ Bil. Mil. Thous. Dols.
2

000

000

FORM BE-10C (REV. 7/2014)

Part V — Other Detailed Financial and Operating Data of Majority-Owned Foreign Affiliate —
See Additional Instructions for Part V, on page 11 at the back of this form

Affiliate ID

69 Is this a majority owned affiliate? – See Instruction Booklet, Part II.O.
2111

1

1

Yes — Continue with item 70

1

2

No — Skip items 70 through 73 and continue with the Supplement A on page 8.

Distribution of Sales or Gross Operating Revenues
35 What is the foreign affiliate’s value for sales or gross operating revenues, excluding sales taxes? —
See 76 on page 10 for instructions.
2154

Local sales
To other
To
foreign
unaffiliated
affiliates of
customers
the U.S.
Reporter(s)
(3)
(2)

TOTAL
Column (1) equals
the sum of
columns (2)
through (7)
(1)
$ Bil. Mil. Thous.
Dols.

3

2

1

Sales to other countries

Sales to U.S.

(4)
4

To other
foreign
affiliates of
the U.S.
Reporter(s)
(6)

To
unaffiliated
customers

To U.S.
Reporter(s)

(5)
5

To
unaffiliated
customers
(7)

6

7

000
Section C — Interest and Taxes
What are the foreign affiliate’s values for:

$ Bil.
72 Interest income? — Interest received or due to the affiliate from all payors (including affiliated
2124 1
persons), net of tax withheld at the source. Include all interest receipts included in 42 and 46 .
Do not net against interest expensed, 73 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mil.

Thous. Dols.

000

2125 1

73 Interest expensed or capitalized? — Interest expensed or capitalized by the affiliate, paid or due to all
payees (including affiliated persons), gross of tax withheld. Do not net against interest income, 72 . . . . . . . . . . . . . . . . . . . .

000

74 Taxes (other than income and payroll taxes) and nontax payments (other than production
royalty payments)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
• Report all such taxes and nontax payments whether or not included in revenues or expenses in the income
statement. Include amounts paid or accrued for the year, net of refunds or credits, to foreign governments,
their subdivisions and agencies for:

000

2127 1

— Sales, value added, consumption, and excise taxes collected by the affiliate on goods and services that the affiliate sold;
— Property and other taxes on the value of assets and capital;
— Any remaining taxes (other than income and payroll taxes); and
— Import and export duties, license fees, fines, penalties, and all other payments or accruals of nontax
liabilities (other than production royalty payments for natural resources).
75 Intentionally blank

BEA
USE
ONLY

2159

FORM BE-10C (REV. 7/2014)

1

2

3

4

5

Page 9

Part V — U.S. Exports To and U.S. Imports From Foreign Affiliate
Goods only valued f.a.s. at port of exportation; do not include services —
See Instruction Booklet, Part V.

Affiliate ID

IMPORTANT NOTES
In-transit goods — Exclude from exports and imports the value of
goods that are in-transit. In-transit goods are goods that are not
processed or consumed by residents in the intermediate country(ies)
through which they transit; the in-transit goods enter that country(ies)
only because that country(ies) is along the shipping lines between the
exporting and importing countries. In-transit imports are goods en
route from one foreign country to another via the United States (such
as from Canada to Mexico via the United States), and in-transit
exports are goods en route from one part of the United States to
another part via a foreign country (such as from Alaska to Washington
State via Canada).

Report U.S. exports of goods to and U.S. imports of goods from the
foreign affiliate in FY 2014. Report all goods that physically left or
entered the U.S. customs area. Report data on a “shipped” basis, i.e.,
on the basis of when and to (or by) whom the goods were shipped.
This is the same basis as official U.S. trade statistics to which these
data will be compared. Do not record a U.S. import or export if the
goods did not physically enter or leave (i.e., were not physically
shipped to or from) the United States, even if they were charged to
the foreign affiliate by, or charged by the foreign affiliate to, a U.S.
person.
Foreign affiliates normally keep their accounting records on a
“charged” basis, i.e., on the basis of when and to (or by) whom the
goods were charged. The “charged” basis may be used if there is no
material difference between it and the “shipped” basis. If there is a
material difference, the “shipped” basis must be used or adjustments
made to the data on a “charged” basis to approximate a “shipped”
basis. The data should include goods only; they should exclude
services.

Packaged general use computer software — Include exports and
imports of packaged general use computer software. Value such exports
and imports at the full transaction value, i.e., the market value of the
media on which the software is recorded and the value of the information
contained on the media. Do not include exports and imports of customized
software designed to meet the needs of a specific user. This type of
software is considered a service and should not be included as trade in
goods. Also do not include negotiated leasing fees for software that is to
be used on networks.

Capital goods — Include capital goods but exclude the value of
ships, planes, railroad rolling stock, and trucks that were temporarily
outside the United States transporting people or goods.

Natural gas, electricity, and water — Report ONLY the product
value of natural gas, electricity, and water that you produce or sell at
wholesale as exports and imports of goods. DO NOT report the service
value (transmission and distribution).

Consigned goods — Include consigned goods in the trade figures
when shipped or received, even though they are not normally
recorded as sales or purchases, or entered into intercompany
accounts when initially consigned.

93 On what basis were the trade data in the section prepared? — Mark (X) one.
4172

1

1

“Shipped” basis.

1

2

“Charged” basis without adjustments, because there is no material difference between the “charged” and “shipped” bases.

1

3

“Charged” basis with adjustments to correct for material differences between the “charged” and “shipped” bases.
Shipped by U.S.
Reporter(s)
(2)

TOTAL
(1)

U.S. EXPORTS OF GOODS TO THIS FOREIGN AFFILIATE
(Valued f.a.s. U.S. port)

$ Bil.
4173

94 What is the value of the total goods shipped in
FY 2014 from the U.S. to this affiliate? . . . . . . . . . . . . .

Mil. Thous. Dols. $ Bil.

4178

95 What is the value of the total goods shipped in
FY 2014 to the U.S. by this affiliate? . . . . . . . . . . . . . . .

Mil. Thous. Dols. $ Bil.

2

1

000

000

Shipped to U.S.
Reporter(s)
(2)

(1)
$ Bil.

Mil. Thous. Dols. $ Bil.

Shipped to other
U.S. persons
(3)

Mil. Thous. Dols. $ Bil.

2

1

Mil. Thous. Dols.

3

000
TOTAL

U.S. IMPORTS OF GOODS FROM THIS FOREIGN AFFILIATE
(Valued f.a.s. foreign port)

Shipped by other
U.S. persons
(3)

Mil. Thous. Dols.

3

000

000

000

Remarks

BEA
USE
ONLY
Page 10

4179

1

2

3

4

5

FORM BE-10C (REV. 7/2014)

BE-10C Supplement A
BUREAU OF ECONOMIC ANALYSIS

U.S. DEPARTMENT OF COMMERCE

Affiliate ID Number

C

Page No. _____ of _____
pages of this Supplement B

Identification – Name of foreign affiliate as shown in item 2 of Form BE-10C

BEA USE
ONLY

Affiliate identification number
taken from the preprinted
Form BE-10B or BE-10C, if
provided, of each foreign
affiliate listed in column (1)

(2)

Name of each foreign affiliate, as taken from item 2 of the Form BE-10B or
BE-10C, or as listed on Form BE-10D, in which the reporting affiliate holds
a direct equity interest

(1)

(3)

BEA USE ONLY

%
%
%
%
%
%
%
%
%
%
%
%

.
.
.
.
.
.
.
.
.
.
.

%

.
.

.

%

.

Page 11

.

.

.

.

.

.

.

.

.

.

.

.

.

(5)

(4)

%

%

%

%

%

%

%

%

%

%

%

%

%

%

Close FY 2014 Close FY 2013

Percentage of direct
ownership in the foreign
affiliate listed in column (1)
held by the foreign affiliate
named in the Identification
block above
(Enter percentage to the
nearest tenth.)

Supplement A — List ALL foreign affiliates of the U.S. Reporter(s) in which the fully consolidated foreign affiliate named in item 2, has a direct equity interest, but which are not fully
consolidated on this Form BE-10C. Continue listing onto as many copied pages as needed. NOTE — Foreign affiliates listed on this Supplement A must also be filed on a complete Form
BE-10B or BE-10C, or be listed on Form BE-10D.

List of all Foreign Affiliates in Which the Reporting Foreign Affiliate
(as Consolidated) has a Direct Equity Interest but Which are not Fully
Consolidated on This Form BE-10C

FORM
(REV. 7/2014)

▲

BE-10C Supplement B
BUREAU OF ECONOMIC ANALYSIS

U.S. DEPARTMENT OF COMMERCE

Affiliate ID Number

B

Page No. _____ of _____
pages of this Supplement B

Identification – Name of foreign affiliate as shown in item 2 of Form BE-10C

BEA USE
ONLY

3178

Name and country of location of each foreign affiliate
fully consolidated in this Form BE-10C

(2)

BEA USE ONLY

(1)

(3)

Name of foreign affiliate which holds the direct equity
interest in the foreign affiliate listed in column (2)

(4)

%
%
%
%
%
%
%
%
%
%
%
%

.
.
.
.
.
.
.
.
.
.
.

%

.
.

%

.

Percentage of direct
ownership at close
FY 2014 which the
foreign affiliate listed
in column (3) has in
the foreign affiliate
listed in column (2)
(Enter percentage to
the nearest tenth.)

Supplement B — This list must be completed for the foreign affiliate for which the U.S. Reporter is reporting consolidated financial and operating data to BEA; each foreign affiliate fully
consolidated must be more than 10 percent owned, directly or indirectly, by the U.S. Reporter and must also be more than 50 percent owned by the foreign affiliate named in item 2, of Form
BE-10C. The number of foreign affiliates listed below plus the reporting foreign affiliate must agree with Part I, item 3, of Form BE-10C. Continue listing onto as many copied pages as needed.
NOTE – Consolidate affiliates only if they are located in the same country and are in the same BEA 4-digit industry or are integral parts of the same business operation.

List of all Foreign Affiliates Fully Consolidated into the Reporting
Foreign Affiliate

FORM
(REV. 7/2014)

▲

Page 12

2014 BENCHMARK SURVEY OF U.S. DIRECT INVESTMENT ABROAD
FORM BE-10C
ADDITIONAL INSTRUCTIONS BY ITEM
Part I — Identification of Foreign Affiliate
20. – 24.
Sales or gross operating revenues of foreign affiliate, by
industry of sales or gross operating revenues. See
Additional Instructions for Part II, Section A, item 25 below.
Dealers in financial instruments and finance, insurance, and real
estate companies see Special Instructions, page 11.

27. Foreign income taxes — Exclude production royalty payments and
U.S. income taxes.

Section C — Balance Sheet 32.
32. Property, plant, and equipment, net — Report NET book value of
land, timber, mineral rights and similar rights owned. Also include
net book value of structures, machinery, equipment, special tools,
deposit containers, construction in progress, other depreciable
property and capitalized tangible and intangible exploration and
development costs of the foreign affiliate.

Part II — Financial and Operating Data of Foreign
Affiliate

Include items on capital leases from others, per FAS ASC Topic 840
(Formerly FAS 13). Exclude all other types of intangible assets, and
land held for resale. (Unincorporated affiliates include items owned
by the U.S. Reporter(s) but in the affiliate’s possession whether or not
carried on the affiliate’s books or records.)
Insurance companies see Special Instructions, page 11.

Section A — Income Statement 25.
25. Sales or gross operating revenues, excluding sales taxes —
Report gross operating revenues or gross sales minus returns,
allowances, and discounts. Exclude sales or consumption taxes
levied directly on the consumer. Exclude net value-added and
excise taxes levied on manufacturers, wholesalers, and retailers.
Affiliates classified in ISI codes 5221, 5223, 5224, 5229, 5231,
5238, 5252 and 5331 report interest income on this line. Insurance
companies with ISI codes 5243 and 5249 should include gross
investment income in this item.
Dealers in financial instruments and finance, insurance, and real
estate companies see Special Instructions, page 11.

36.

Capital stock and additional paid-in capital — Include common
and preferred, voting and nonvoting capital stock and additional paidin capital.

37.

Retained earnings (deficit) — Include earnings retained by
the corporation and legally available for dividends, and earnings
voluntarily restricted.

39.

All other components — Include the cumulative balance of
unrealized gains (losses) due to changes in the valuation of
available-for-sale securities per FASB ASC Topic 320 (FAS 115) and
any other comprehensive income items required to be displayed
separately from retained earning as per FASB ASC Topic 220 (FAS
130).

26. Certain gains (losses) — Read the following instructions carefully
as they may deviate from what is normally required by Generally
Accepted Accounting Principles. Report at gross before income tax
effect. Include income tax effect in item 27. Report gains (losses)
resulting from:
a. Sale or other disposition of financial assets including investment
securities; FASB ASC Topic 320 (FAS 115) holding gains
(losses) on securities classified as trading securities; FASB
ASC Topic 320 (FAS 115) impairment losses; and gains
(losses) derived from derivative instruments; Dealers in financial
instruments (including securities, currencies, derivatives,
and other financial instruments) and finance and insurance
companies, see Special Instructions, A.1., page 14;
b. Sale or disposition of land, other property, plant and equipment,
or other assets, and FASB ASC 360 (FAS 144) impairment
losses. Exclude gains (losses) from the sale of inventory assets
in the ordinary course of trade or business;
c. Goodwill impairment as defined by FASB ASC 350 (FAS 142);
d. Restructuring. Include restructuring costs that reflect writedowns or write-offs of assets or liabilities. Exclude 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;
e. Disposals of discontinued operations. Exclude income from the
operations of a discontinued segment. Report such income as
part of your income from operations in items 24 and 25;
f. Re-measurement of the foreign affiliate’s foreign-currencydenominated assets and liabilities due to changes in foreign
exchange rates during the reporting period;
g. 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 write-ups, write-downs, write-offs of tangible and
intangible assets; gains (losses) from the sale or other disposition
of capital assets; and gains (losses) from the sale or other
disposition of financial assets, including securities, to the extent
not included above. Exclude legal judgments and settlements;
h. The cumulative effect of a change in accounting principle;
i. The cumulative effect of a change in the estimate of stock
compensation forfeitures under FASB ASC 718 (FAS 123(R)).

Part III — Investment and Transactions Between the
U.S. Reporter and the Foreign Affiliate
Section A — U.S. Reporter’s Equity in Foreign Affiliate’s Net Income,
and Dividends or Distributed Earnings
53.

Dividends and distributed earnings — Report this item based
on the books of the U.S. Reporter. Report amounts received or
entered into intercompany accounts, whichever occurred first. Include
amounts for which payment was made in-kind. If a receivable was
booked in a prior reporting period, do not report the collection of the
receivable in the current period.

Section B — Debt and Other Intercompany Balances and
Interest Receipts and Payments Between the U.S. Reporter and the
Foreign Affiliate
55. – 56.
Debt and Other Intercompany Balances Between the U.S.
Reporter and the Foreign Affiliate
Leases — Disaggregate lease payments into their component parts.
Report return of capital, consisting of principal payments for capital
leases and the depreciation component for operating leases, in items 55
and 56. Report the interest component under capital leases in item 57.
If the foreign affiliate has leased equipment to/from the U.S.
Reporter under a long-term operating lease (i.e., the lease is for more
than one year), then:
• Include the FY 2009 closing net book value of the leased
equipment in column 1, and
• Include the FY 2008 closing net book value of the leased
equipment in column 2.
Derivative Contracts — Do NOT report either the value of outstanding
financial derivative contracts or 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 with Foreign Residents.

Dealers in financial instruments and finance, insurance, and real
estate companies, see Special Instructions, page 11.
FORM BE-10C (REV. 7/2014)

Page 13

2013 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
FORM BE-11B — ADDITIONAL INSTRUCTIONS BY ITEM
Part III — Investment and Transactions Between the
U.S. Reporter and the Foreign Affiliate — Continued
Section C — Change in U.S. Reporter’s Equity in Capital Stock and/
or Additional Paid-in Capital of Incorporated Foreign Affiliate or Equity
Investment in Unincorporated Foreign Affiliate

For investments written off, enter zero in items 61-63. If an account
receivable due to the U.S. Reporter from the affiliate is written
off, report the amount of the receivable in item 59 as a capital
contribution.
Part V — Other Detailed Financial and Operating
Data of Majority-Owned Foreign Affiliate

58. - 60.
Increase in U.S. Reporter’s Equity Interest in This Affiliate —
For a newly established or acquired affiliate, report what the U.S.
Reporter paid and/or borrowed to establish or acquire the affiliate in item
58 or 60 as appropriate. Do not report the book value of the equity interest
if it differs from what was paid.

Distribution of sales or gross operating revenues —
Report the source of real estate rental income in columns 2 through 7
based on the location of the property. Finance or insurance companies
that include investment income in gross operating revenues should
report the source of such investment income in columns 2 through
7 based on the location of the issuer of the financial instrument
Decrease in U.S. Reporter’s Equity Interest in This Affiliate —
whether publicly issued or privately placed. If the location of the issuer
For an affiliate that is sold, report the sales price in item 61 or 63 as
is unknown, then substitute the nationality of the issuer. If both the
appropriate. Include foreign income taxes, if any, on gains (and tax
location and nationality of the issuer are unknown, and an intermediary
refunds on losses) in the calculation of these items. Report the ending
intercompany debt position for the affiliate (in column 1 of items 55 and 56) (e.g. trustee, custodian, or nominee) is used to manage the investment
as zero. If debt positions still exist, they are between a U.S. person and an (financial instrument or real estate) use the country of location of the
intermediary.
unaffiliated foreign person, and may be reportable on the Department of
the Treasury International Capital report forms.

Special Instructions for Dealers in Financial Instruments, Finance Companies,
Insurance Companies, and Real Estate Companies
A. Certain gains (losses) for (1) dealers in financial
instruments and finance and insurance companies, and
(2) real estate companies.
1. Dealers in financial instruments (including securities,
currencies, derivatives, and other financial instruments)
and finance and insurance companies — Include in 45 :
• impairment losses as defined by FASB ASC 320 (FAS 115),
• realized gains and losses on trading or dealing,
• unrealized gains or losses, due to changes in the valuation
of financial instruments, that flow through the income
statement, and
• goodwill impairment as defined by FASB ASC 350 (FAS 142).
EXCLUDE from 45 , unrealized gains or losses due to changes in
the valuation of financial instruments that are taken to other
comprehensive income. Reflect such changes in 66 (all other
components of accumulated other comprehensive income (loss)).
EXCLUDE from 45 , income from explicit fees and commissions.
Include income from these fees and commissions as operating
revenue in 28 and 42 and as sales of services in 78 .
2. Real estate companies — Include in 45 :
• impairment losses as defined by FASB ASC 360 (FAS 144), and
• goodwill impairment as defined by FASB ASC 350 (FAS 142).
EXCLUDE the income earned and expenses incurred from the
sale of real estate you own. Such income should be reported as
operating revenue in 28 , 42 and 76 and as sales of goods in
77 . Such expenses, including the net book value of the real
estate sold, should be reported as cost of goods sold in 48 . Do
not net the expenses against the revenues.
B. Special instructions for insurance companies
1. When there is a difference between the financial and operating data
reported to the stockholders and the data reported in the annual
statement to an insurance department, prepare the BE-11 on the
same basis as the annual report to the stockholders.
Valuation should be according to normal commercial accounting
procedures, not at rates promulgated by national insurance
departments, e.g., include assets not acceptable for inclusion in
Page 14

the annual statement to an insurance department, such as:
1. non-trusteed or free account assets, and 2. nonadmitted
assets, including furniture and equipment, agents’ debit balances,
and all receivables deemed to be collectible. Include mandatory
securities valuation reserves that are appropriations of retained
earnings in the owners’ equity section of the balance sheet, not in
the liability section.
2. Instructions for reporting specific items
a. Sales or gross operating revenues, excluding sales
taxes ( 42 ) — Include items such as earned premiums,
annuity considerations, gross investment income, and items of a
similar nature. Exclude income from equity investments in
unconsolidated business enterprises that is to be reported in
43 and exclude certain gains or losses that are to be
reported in 45 .
b. Certain gains (losses) ( 45 ) — See Special
Instructions, A.1.
c. Cost of goods sold or services rendered and selling,
general, and administrative expenses ( 48 ) — Include
costs relating to sales or gross operating revenues, such as policy
losses incurred, death benefits, matured endowments, other policy
benefits, increases in liabilities for future policy benefits,
and other underwriting expenses.
d. Sales of services ( 78 , column 1) — Include premium
income and income from other services, if any.

Calculate premiums earned by companies engaged in insurance
activities as direct premiums written (including renewals) net
of cancellations, plus reinsurance premiums assumed, minus
reinsurance premiums ceded, plus unearned premiums at the
beginning of the year, minus unearned premiums at the end of
the year.

e. Investment Income ( 79 , column 1) — Report that
portion of sales or gross operating revenues that is investment
income. However, report any gains or losses on investments, in
accordance with Special Instructions, A.1. See Additional
Instructions for Part IV, Section D, 79 , above to determine
the location of the transactor of investment income.
FORM BE-10C (REV. 7/2014)

Summary of Industry Classifications
For a full explanation of each code see www.bea.gov/naics2012
Agriculture, Forestry, Fishing,
and Hunting
1110
1120
1130
1140
1150

Crop production
Animal production
Forestry and logging
Fishing, hunting, and trapping
Support activities for agriculture
and forestry

Mining
2111
2121
2123
2124
2125
2126
2127
2132

Oil and gas extraction
Coal
Nonmetallic minerals
Iron ores
Gold and silver ores
Copper, nickel, lead, and zinc ores
Other metal ores
Support activities for oil and gas
operations
2133 Support activities for mining, except
for oil and gas operations
Utilities
2211 Electric power generation,
transmission, and distribution
2212 Natural gas distribution
2213 Water, sewage, and other systems
Construction
2360 Construction of buildings
2370 Heavy and civil engineering construction
2380 Specialty trade contractors
Manufacturing
3111
3112
3113
3114
3115
3116
3117
3118
3119
3121
3122
3130
3140
3150
3160
3210
3221
3222
3231
3242
3243
3244
3251
3252
3253

Animal foods
Grain and oilseed milling
Sugar and confectionery products
Fruit and vegetable preserving and
specialty foods
Dairy products
Meat products
Seafood product preparation and
packaging
Bakeries and tortillas
Other food products
Beverages
Tobacco
Textile mills
Textile product mills
Apparel
Leather and allied products
Wood products
Pulp, paper, and paperboard mills
Converted paper products
Printing and related support activities
Integrated petroleum refining and
extraction
Petroleum refining without extraction
Asphalt and other petroleum and
coal products
Basic chemicals
Resins, synthetic rubbers, and
artificial and synthetic fibers and
filaments
Pesticides, fertilizers, and other
agricultural chemicals

FORM BE-10C (REV. 7/2014)

3254 Pharmaceuticals and medicines
3255 Paints, coatings, and adhesives
3256 Soap, cleaning compounds, and
toilet preparations
3259 Other chemical products and
preparations
3261 Plastics products
3262 Rubber products
3271 Clay products and refractories
3272 Glass and glass products
3273 Cement and concrete products
3274 Lime and gypsum products
3279 Other nonmetallic mineral products
3311 Iron and steel mills and ferroalloys
3312 Steel products from purchased steel
3313 Alumina and aluminum production
and processing
3314 Nonferrous metal (except aluminum)
production and processing
3315 Foundries
3321 Forging and stamping
3322 Cutlery and handtools
3323 Architectural and structural metals
3324 Boilers, tanks, and shipping containers
3325 Hardware
3326 Spring and wire products
3327 Machine shops; turned products; and
screws, nuts, and bolts
3328 Coating, engraving, heat treating,
and allied activities
3329 Other fabricated metal products
3331 Agriculture, construction, and mining
machinery
3332 Industrial machinery
3333 Commercial and service industry
machinery
3334 Ventilation, heating, air-conditioning,
and commercial refrigeration equipment
3335 Metalworking machinery
3336 Engines, turbines, and power
transmission equipment
3339 Other general purpose machinery
3341 Computer and peripheral equipment
3342 Communications equipment
3343 Audio and video equipment
3344 Semiconductors and other
electronic components
3345 Navigational, measuring, electromedical,
and control instruments
3346 Manufacturing and reproducing
magnetic and optical media
3351 Electric lighting equipment
3352 Household appliances
3353 Electrical equipment
3359 Other electrical equipment and
components
3361 Motor vehicles
3362 Motor vehicle bodies and trailers
3363 Motor vehicle parts
3364 Aerospace products and parts
3365 Railroad rolling stock
3366 Ship and boat building
3369 Other transportation equipment
3370 Furniture and related products
3391 Medical equipment and supplies
3399 Other miscellaneous manufacturing

Wholesale Trade, Durable Goods
4231 Motor vehicles and motor vehicle
parts and supplies
4232 Furniture and home furnishing
4233 Lumber and other construction materials
4234 Professional and commercial
equipment and supplies
4235 Metal and mineral (except petroleum)
4236 Electrical and electronic goods
4237 Hardware, and plumbing and heating
equipment and supplies
4238 Machinery, equipment, and supplies
4239 Miscellaneous durable goods
Wholesale Trade, Nondurable Goods
4241
4242
4243
4244
4245
4246
4247
4248

Paper and paper product
Drugs and druggists’ sundries
Apparel, piece goods, and notions
Grocery and related product
Farm product raw material
Chemical and allied products
Petroleum and petroleum products
Beer, wine, and distilled alcoholic
beverage
4249 Miscellaneous nondurable goods
Wholesale Trade, Electronic Markets
and Agents and Brokers
4251 Wholesale electronic markets and
agents and brokers
Retail Trade
4410
4420
4431
4440
4450
4461
4471
4480
4510
4520
4530
4540

Motor vehicle and parts dealers
Furniture and home furnishings
Electronics and appliance
Building material and garden
equipment and supplies dealers
Food and beverage
Health and personal care
Gasoline stations
Clothing and clothing accessories
Sporting goods, hobby, book, and music
General merchandise
Miscellaneous store retailers
Nonstore retailers

Transportation and Warehousing
4810
4821
4833
4839
4840
4850
4863
4868
4870
4880
4920
4932
4939

Air transportation
Rail transportation
Petroleum tanker operations
Other water transportation
Truck transportation
Transit and ground passenger
transportation
Pipeline transportation of crude oil,
refined petroleum products,
and natural gas
Other pipeline transportation
Scenic and sightseeing transportation
Support activities for transportation
Couriers and messengers
Petroleum storage for hire
Other warehousing and storage

Page 15

Summary of Industry Classifications – Continued
Information
5111 Newspaper, periodical, book,
and directory publishers
5112 Software publishers
5121 Motion picture and video industries
5122 Sound recording industries
5151 Radio and television broadcasting
5152 Cable and other subscription
programming
5171 Wired telecommunications carriers
5172 Wireless telecommunications carriers,
except satellite
5174 Satellite telecommunications
5179 Other telecommunications
5182 Data processing, hosting, and related
services
5191 Other information services
Finance and Insurance
5221
5223
5224
5229
5231
5238
5242
5243
5249
5252

Depository credit intermediation (Banking)
Activities related to credit intermediation
Nondepository credit intermediation
Nondepository branches and agencies
Securities and commodity contracts
intermediation and brokerage
Other financial investment activities and
exchanges
Agencies, brokerages, and other
insurance related activities
Insurance carriers, except life insurance
carriers
Life insurance carriers
Funds, trusts, and other financial vehicles

Real Estate and Rental and Leasing
5310
5321
5329
5331

Page 16

Real estate
Automotive equipment rental and leasing
Other rental and leasing services
Lessors of nonfinancial intangible assets,
except copyrighted works

Professional, Scientific, and Technical
Services
5411 Legal services
5412 Accounting, tax preparation, bookkeeping,
and payroll services
5413 Architectural, engineering, and related
services
5414 Specialized design services
5415 Computer systems design and related services
5416 Management, scientific, and technical
consulting services
5417 Scientific research and development
services
5418 Advertising, public relations, and related
services
5419 Other professional, scientific, and
technical services
Management of Companies and
Enterprises
5512 Holding companies, except bank holding
companies
5513 Corporate, subsidiary, and regional
management offices
Administrative and Support, Waste
Management and Remediation Services
5611
5612
5613
5614
5615
5616
5617
5619
5620

Office administrative services
Facilities support services
Employment services
Business support services
Travel arrangement and reservation
services
Investigation and security services
Services to buildings and dwellings
Other support services
Waste management and remediation
services

Educational Services
6110 Educational services
Health Care and Social Assistance
6210
6220
6230
6240

Ambulatory health care services
Hospitals
Nursing and residential care facilities
Social assistance

Arts, Entertainment, and Recreation
7110 Performing arts, spectator sports, and
related industries
7121 Museums, historical sites, and similar
institutions
7130 Amusement, gambling, and recreation
industries
Accommodation and Food Services
7210 Accommodation
7220 Food services and drinking places
Other Services
8110 Repair and maintenance
8120 Personal and laundry services
8130 Religious, grantmaking, civic,
professional, and similar organizations
Public Administration
9200 Public administration

FORM BE-10C (REV. 7/2014)