Form BE-605 BE-605, Quarterly Survey of Foreign Direct Investment in

Quarterly Survey of Foreign Direct Investment in the United States--Transactions of U.S. Affiliate with Foreign Parent

BE605

BE-605, Quarterly Survey of Foreign Direct Investment in the United States--Transactions of U.S. Affiliate with Foreign Parent

OMB: 0608-0009

⚠️ Notice: This form may be outdated. More recent filings and information on OMB 0608-0009 can be found here:

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BE-605 (Rev. 05/2015)

OMB Control No. 0608-0009: Approval Expires 03/31/2018

QUARTERLY SURVEY OF FOREIGN DIRECT
INVESTMENT IN THE UNITED STATES
Transactions of U.S. Affiliate with Foreign Parent
Mandatory and Confidential
Electronic filing & secure messaging:
www.bea.gov/efile
Telephone:

(301) 278-9422

E-mail:

[email protected]

1
302

U.S. Department of Commerce
Bureau of Economic Analysis
Direct Investment Division, BE-49(Q)
4600 Silver Hill Rd
Washington, DC 20233

Deliver reports to:
U.S. Department of Commerce
Bureau of Economic Analysis
Direct Investment Division, BE-49(Q)
4600 Silver Hill Rd
Suitland, MD 20746

(301) 278-9503

Copies of form:

www.bea.gov/fdi

BEA USE ONLY

Is this report a submission of a past report?
1
1

Mail reports to:

BE-605 Identification Number

1
2

Yes
No

What is the date range and year within which the U.S. affiliate’s
quarter ends for this report? Mark (X) one and enter year.

300 1

2/16–5/15

5/16–8/15

8/16–11/15

11/16–2/15

Year

Name and mailing address of the consolidated U.S. affiliate

Name:

In Care Of:
Attention:

Title:

Street 1:
Street 2:

City:

Zip:

State:

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 owns, directly and/or indirectly, 10 percent or
more of the voting securities of an incorporated U.S. business enterprise, or an equivalent interest of an unincorporated U.S. business enterprise, 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. Certain private funds may be exempt from filing, see item E of the Claim for Exemption on page 14 for more
information.
Basic requirement: A Form BE-605 must be filed for each 1) directly-owned U.S. affiliate for which total assets; annual sales or gross operating
revenues, excluding sales taxes; or annual net income after provision for U.S. income taxes was greater than $60 million (positive or negative) at any
time during the affiliate’s fiscal reporting year and each 2) indirectly-owned U.S. affiliate that met the $60 million threshold and had an intercompany
debt balance with the affiliated foreign group.
Exemption: A U.S. affiliate that does not meet the basic requirement above can claim exemption from filing a Form BE-605 by completing this page and
the Claim for Exemption, Contact Information, and Certification sections on pages 14 and 15 of this form and returning them to BEA by the due
date. If this is an initial filing of the BE-605 report, then also complete and return pages 3 and 5.
Monetary Values — Report in U.S. dollars rounded to thousands (omitting 000).
If an item is between + or – $500.00, enter “0.” Use parentheses () to indicate negative numbers.
EXAMPLE – If amount is $1,334,891.00, report as. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bil.

Mil.

Thous.

Dols.

335

000

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).
Estimates: If actual amounts are not available, supply estimates and label them as such.
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.

3
340

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

1
2

341
Yes – Enter the date the U.S. business enterprise became a U.S. affiliate ...........................
No

4 Is the U.S. affiliate planning to expand, or in the process of expanding, its operations to
343

include a new facility where business is conducted?
1
Yes
1
2
No
1

Monthmm/dd/yyyy
Day
Year

Rules for Consolidating the U.S. Affiliate
Foreign Parent

Foreign

≥10%

United States

Consolidated U.S. Affiliate
U.S. Entity (A)

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.

>50% voting interest

U.S. Entity (B)

>50% voting interest
≤50% voting
interest
U.S. Entity (C)

≤90% voting interest

Foreign Entity
(Z)

Foreign
Entity

U.S. Entity (D)

≥10% voting interest
U.S. Entity
(E)

U.S. Entity (A) should file as the consolidated U.S. affiliate shown in the diagram above.
INCLUDE in the consolidation
• The U.S. Entity (A) in which no other U.S. entity has more than 50 percent direct voting interest; and
• Every U.S. Entity (B) and U.S. Entity (C) in which the U.S. Entity (A), or another consolidated U.S. entity, has
more than 50 percent direct voting interest AND in which NO foreign entity, other than this foreign parent, has 10
percent or more direct voting interest.
EXCLUDE from the consolidation
• All foreign entities, including any Foreign Entity (Z) that is owned by a consolidated U.S. entity; and
• Any U.S. Entity (D) in which neither the U.S. Entity (A) nor any other consolidated U.S. entity has more than 50
percent direct voting interest; and
• Any U.S. Entity (E) in which a DIFFERENT foreign entity, other than this foreign parent, has 10 percent or more
direct voting interest.
Hereinafter on this form the consolidated U.S. entities are collectively considered the U.S. affiliate.
Report the ownership interest in any U.S. Entity (D), U.S. Entity (E), and Foreign Entity (Z) on an equity basis, if the
ownership is at least 20 percent. If less than 20 percent, report the ownership interest as trading securities or availablefor-sale securities in accordance with FASB ASC 320 (formerly FAS 115).
Each U.S. Entity (D) and U.S. Entity (E) must file its own Form BE-605, unless it qualifies for exemption.
The U.S. affiliate must file a Form BE-577 for each Foreign Entity (Z) in which it has 10 percent or more voting interest,
unless it qualifies for exemption. For more information, go to www.bea.gov/dia.

Page 2

FORM BE-605 (Rev. 05/2015)

Part I – Identifying the U.S. Affiliate
5 Which type of business organization best describes this U.S. affiliate?
003

1
1
1

1■
2■

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, please enter the appropriate code.

Current
Industry Code

See the Industry Code Guide on www.bea.gov/NAICS2012.. . . . . . . . . . . . . . . . . . . . . 342

Revised
1

____

1--Select ISI CODE--

____

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

See page 2 for guidance in identifying the entities that comprise the U.S. affiliate.
303

1
1

1■
2■

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

8 What type of equity interest does the foreign parent hold in this U.S. affiliate? (Check one box)
006

1■

Only a direct equity interest – SKIP to 10 .

2■

Only an indirect equity interest through another U.S. affiliate –
ONLY complete 9 and Part IV , 15 through 22 . 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. See Diagram 1.

Diagram 1
Foreign Parent
≥10%

Higher-tier
U.S. Affiliate

10–50%
1

3■

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

This U.S. Affiliate

• If BOTH a direct and indirect equity interest are held by
the SAME foreign parent, this U.S. affiliate should be fully
consolidated into the BE-605 report filed by the higher-tier U.S.
affiliate that owns it, and any 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 should be fully
consolidated into the BE-605 report filed by the higher-tier U.S.
affiliate that owns it directly. See Diagram 2.
• 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. See Diagram 3.

Diagram 2
Foreign Parent
≥10%

≥10%

Higher-tier
U.S. Affiliate
10–90%

This U.S. Affiliate

Diagram 3
Foreign Parent A
≥10%

Foreign Parent B
≥10%

Higher-tier
U.S. Affiliate

10–90%

This U.S. Affiliate
1

4■

No equity interest (only voting interest) –
ONLY complete Part IV , 15 through 22 .

What is the name of each U.S. affiliate that has a direct equity interest in this U.S. affiliate?

309

FORM BE-605 (Rev. 05/2015)

Page 3

Part II – Identifying the Affiliated Foreign Group and Ultimate Beneficial Owner

Identifying the Affiliated Foreign Group
Affiliated Foreign Group

The affiliated foreign group (AFG) consists of
• The foreign parent (FP), which is the first
Foreign Entity (B) outside the United States,
proceeding up a chain of ownership, that has
10 percent or more voting interest in the U.S.
affiliate, and

FAFP
Foreign Entity (A)

• Every foreign affiliate of the foreign parent
(FAFP), which includes
>50% voting interest

° Any Foreign Entity (A), proceeding up
the foreign parent’s ownership chain,
that has more than 50 percent direct
voting interest in the entity below it, up
to and including that entity in which no
other foreign entity has more than 50
percent direct voting interest, and

Foreign Parent (FP)
Foreign Entity (B)

>50% voting interest

FAFP
Foreign Entity (C)

° Any Foreign Entity (C) and Foreign

Entity (D), in which the FP or any FAFP
has more than 50 percent direct voting
interest.
The AFG does not include:

>50% voting interest

• Any Foreign Entity (E) in which neither the FP
nor any FAFP has more than 50 percent direct
voting interest, or
• Any U.S. entity.

FAFP
Foreign Entity (D)
≥10%
voting
interest
≤50% voting interest

Foreign Entity (E)

Foreign

United States
The U.S. Affliate

Identifying the Ultimate Beneficial Owner
The ultimate beneficial owner (UBO) is the entity, proceeding up the ownership chain beginning with and
including the foreign parent, in which no other entity has more than 50 percent direct voting interest. If the UBO is
the FP or an FAFP, then it is included in the AFG. In the diagram above, Foreign Entity (A) is the UBO of the U.S.
affiliate.
NOTE that if the UBO is a U.S. entity it is not part of the AFG.

Page 4

FORM BE-605 (Rev. 05/2015)

Part II – Report changes in FP and UBO information
10 Does more than one foreign parent (FP) have a direct or indirect voting interest of 10 percent or more in

this U.S. affiliate?
307

11
308

1■

Yes – File a separate BE-605 report for each foreign parent that has a direct or indirect voting
interest of 10 percent or more in this U.S. affiliate.

2■

Has the foreign parent information changed or is this an initial filing?
1

1■

Yes – Please note the changes or initial information below, and provide an organizational chart.

2■

No – Continue to 12 .

A. FP Name
0

Revised

B. Country of Incorporation? If the foreign parent is an individual or government, enter the country of residence.
BEA USE ONLY

Revised

--Select Country--

005 1

12 Is the foreign parent named in 11 also the ultimate beneficial owner (UBO)?
312

1
1

■ Yes – SKIP to 14 .

■ No

13 Has the UBO information changed or is this an initial filing?
314

1
1

■ Yes – Please provide the changes or initial information for the UBO of the foreign parent named in 11 .

■ No – Continue to 14 .

A. UBO Name

Revised

B. Country of Incorporation? If the UBO is an individual or government, enter the country of residence.
BEA USE ONLY

Revised

--Select Country--

315 1

Complete the remainder of this form with the transactions between this U.S. affiliate and the
foreign parent identified in 11 .

FORM BE-605 (Rev. 05/2015)

Page 5

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

Instructions
14 A. 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.
Please read the following instructions carefully as they are keyed to economic accounting concepts and in 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:
• Extraordinary, unusual, or infrequently occurring items that are material. Include losses from accidental damage
or disasters, after estimated insurance reimbursement; write-ups, write-downs, and write-offs 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 (losses) from derivative instruments. Dealers in
financial instruments and finance and insurance companies, see special instructions below.
• Restructuring costs that reflect write-downs or write-offs 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)).
B2. Include, per FASB ASC 220 (formerly FAS 130), unrealized holding gains (losses) for available-for-sale securities
(including those classified as current assets), less reclassification adjustments, and pension and 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 14 C.
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 14 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 14 B2 (above).
Do not include income from fees and commissions in 14 B1 or 14 B2; report fees and commissions in 14 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 gains (losses) from the sale of real estate in the ordinary course of trade or business in 14 A. Do
not include realized gains (losses) in 14 B1 or 14 B2. Unrealized gains recognized due to the revaluation
of real estate assets should also be reported in 14 B1.
• Include impairment losses of long-lived assets, as defined by FASB ASC 360 (formerly FAS 144), and
recognized during the period, in 14 A and 14 B1.
• All other items should be treated as described in the general instructions above.
Page 6

FORM BE-605 (Rev. 05/2015)

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

Instructions (continued)
C. Report foreign parent’s share of the foreign currency translation adjustment resulting from the
translation of the U.S. 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 IV 19 A.
E. Report gross amounts of earnings distributed by unincorporated U.S. affiliates, whether out of current or
past earnings.
• Report items 14 A–G on a quarterly basis, NOT on a cumulative or year-to-date basis.
• 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. Use estimates where necessary to file
a timely report and submit revised data when available.
• DO NOT complete this section if the foreign parent only holds an INDIRECT equity interest in this U.S.
affiliate or if the foreign parent only has a voting interest and NO equity interest. Amounts representing this
U.S. affiliate’s equity accounts are part of another higher-tier U.S. affiliate’s consolidated report.

14 What is the foreign parent’s equity share of:

A. The U.S. affiliate’s quarterly net income (loss), after
011
provision for income taxes? .....................................................
B. Certain gains (losses), after provision for
income taxes:
012
1. Included in net income in 14 A?........................................
2. Not included in net income in 14 A but taken to
013
other comprehensive income?...........................................
C. The CHANGE in the translation adjustment account
313
during the quarter?...................................................................
D. Dividends on common and preferred stock (gross of U.S.
withholding taxes) excluding stock and liquidating
014
dividends? Report liquidating dividends in Part V 25 C......

Preceding Quarter
(if revised)

Current Quarter
$ Bil.

Mil.

Thou.

Dols.

G. The net amount of dividends/earnings distributed
017
( 14 D or 14 E less 14 F)? ......................................................

Thou.

000

Dols.

000
2

000

000
2

000

000
2

000

000
2

000

015
U.S. affiliates?..............

F. U.S. tax withheld on dividends ( 14 D) or on
distributed earnings of unincorporated U.S. affiliate
016
( 14 E)? .....................................................................................

Mil.

000
2

E. Earnings distributed by unincorporated

$ Bil.

000

000
2

000

000
2

000

001

BEA USE ONLY
1

FORM BE-605 (Rev. 05/2015)

Page 7

Part IV – Payable and Receivable Balances, and Interest, Between Affiliated Foreign Group
and U.S. Affiliate, as Consolidated
Questions 15 through 18 are intended to assist banks and other types of finance companies in determining how
to complete the rest of Part IV . U.S. affiliates that also file Treasury International Capital (TIC) B Forms may not be
required to complete 19 through 22 .
15 Is the foreign parent listed in 11 a depository or non-depository bank (ISI codes 5221 or 5229),

a securities broker or dealer (ISI codes 5231) or in the finance industry (ISI codes 5223, 5224, 5238, 5252)?
022 1
2

Yes
No – SKIP to 19 .

16 Is the U.S. affiliate a “bank” (ISI codes 5221 or 5229) or primarily acting as a securities broker or dealer

(ISI codes 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 Gramm–Leach–Bliley Act.
021 1
Yes
2

No – SKIP to 18 .

17 Do any of the U.S. business enterprises consolidated in this report have insurance (ISI codes 5242, 5243,

or 5249), real estate (ISI code 5310), or leasing activities (ISI codes 5321, 5329, or 5331)?
023 1

Yes – Complete 19 thru 22 but ONLY report balances and interest between this U.S. affiliate
and the affiliated foreign group that relate to insurance, real estate, and leasing activities.
No – SKIP to Part V .

18 Do any of the U.S. business enterprises consolidated in this report have depository or non-depository

banking activities (ISI codes 5221 or 5229) or securities broker or dealer activities (ISI codes 5231)?
020 1

Yes – Complete 19 thru 22 but ONLY report balances and interest between this U.S.
affliliate and the affiliated foreign group NOT related to depository or non-depository
banking activities or securities broker or dealer activities.
No – Continue to 19 .

Finance Industry Classifications
5221 Depository credit intermediation (Banking)
5223 Activities related to credit intermediation
5224 Nondepository credit intermediation
5229 Nondepository branches and agencies
5231 Securities and commodity contracts intermediation and brokerage
5238 Other financial investment activities and exchanges
5252 Funds, trusts, and other finance vehicles

Insurance Industry Classifications
5242 Agencies, brokerages, and other insurance related activities
5243 Insurance carriers, except life insurance carriers
5249 Life insurance carriers

Real Estate and Rental and Leasing Industry Classifications
5310 Real estate
5321 Automotive equipment rental and leasing
5329 Other rental and leasing activities
5331 Lessors of nonfinancial intangible assets, except copyrighted works

Page 8

FORM BE-605 (Rev. 05/2015)

Part IV – Payable and Receivable Balances, and Interest, Between Affiliated Foreign Group
and U.S. Affiliate, as Consolidated
Report all current and long-term intercompany accounts and interest between the U.S. affiliate and the affiliated foreign group.
The current quarter’s opening balance should be equal to the previous quarter’s closing balance. If the closing balance on the
preceding quarter’s report was in error, note the correction.
• 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.

Affiliated foreign group
FAFP

>50%

Foreign Parent

FAFP

• Leases – If leases between the U.S. affiliate and the affiliated foreign group are capitalized,
then the outstanding capitalized value should be reported as an intercompany balance.
Lease payments should be disaggregated into the amounts that are (i) a reduction in an
intercompany balance, and (ii) interest.

>50%
FAFP

Foreign

• Insurance Technical Reserves – Include these provisions (prepaid premiums, claims
payable, etc.) when with related parties (e.g., a “captive” insurance affiliate).
• DO NOT net payables and receivables.

United States
This U.S. affiliate
see page 4 for diagram description

• DO NOT net interest expense against interest income.
• Report quarterly gross interest expense and income (not year to date).
• Interest expense and interest income should be reported on the accrual basis.
Please see the diagrams above and on page 4 to identify the Foreign Parent and the Foreign Affiliates of the Foreign Parent (FAFP).
Report payable and receivable balances as well as the current quarter interest expense and interest income, separately for each.
Note: Country detail will be required for FAFP transactions in 21 and 22 .
19 What were the total short- and long-term payable balances owed by the U.S. affiliate to the affiliated foreign group, and
the related interest expense?
TOTAL short- and long-term payables
Interest expense
Payable/expensed to:

Beginning of quarter
$ Bil.

Mil.

Thou.

Dols.

024.2

End of quarter
$ Bil.

Mil.

Thou.

Current quarter
Dols.

024.1

A. Foreign parent

000

000
270.2

000
270.4

0 000

C. TOTAL for affiliated foreign group

Dols.

156.4

000
270.3

Thou.

000
156.2

B. Foreign affiliates of the foreign parent (FAFP)

Mil.

018.1

000
156.3

$ Bil.

0 000

20 What were the total short- and long-term receivable balances owed to the U.S. affiliate by the affiliated foreign group,
and the related interest income?
TOTAL short- and long-term receivables
Receivable/income from:

Beginning of quarter
$ Bil.

Mil.

Thou.

Dols.

025.2

A. Foreign parent

000

Mil.

Thou.

Dols.

Mil.

Thou.

Dols.

000

000
269.4

000
271.2

0 000

$ Bil.

018.2

269.2

271.3

C. TOTAL for affiliated foreign group

$ Bil.

Current quarter

025.1

269.3

B. Foreign affiliates of the foreign parent (FAFP)

Interest income

End of quarter

000
271.4

0 000

0 000
BEA USE ONLY
001 2

FORM BE-605 (Rev. 05/2015)

Page 9

Part IV – U.S. Affiliates’ Payables and Interest Expense to FAFPs

Short- and long-term payables

How are the amounts reported in
19 B allocated by country?

Beginning of quarter
$ Bil.

A. Australia

C. Canada

100

046

D. China

E. France
F. Germany

308

049

G. Japan
H. Mexico
I. Netherlands
J. Singapore
K. Switzerland
L. United Kingdom
M.
N.
O.
P.
Q.
R.
S.
T.
U.
V.

--Select Country--

--Select Country---Select Country---Select Country--

--Select Country---Select Country--

--Select Country--

058
059
060
061

063
064
065
066
067
068

155

000

000
000

000

709

000
4

000

000
4

000

Z. Unallocated*

000

000
4

000
1

000
4

000

3
062

000
2

000
4

056
057

000

327

055

Other countries - Specify

000
4

000

325

054

000
4

000

625

053

000
4

000

319

052

000
4

000

213

051

000
4

000

614

050

000
4

000
2

000

Dols.

000

Thou.

000

Mil.

$ Bil.

307

048

Dols.

000

650

047

Thou.

Mil.

$ Bil.

000

202

045

Dols.

B. Brazil

Thou.

Current quarter

End of quarter

000

601

044

Mil.

Interest expense

000
4

000

Use extra copies as needed. 7RWDOV(this page only):

*Unallocated – Combine values for countries which individually amount to less than $500 thousand.
Notes

Page 10

FORM BE-605 (Rev. 05/2015)

Part IV – U.S. Affiliates’ Receivables and Interest Income from FAFPs
Short- and long-term receivables

How are the amounts reported in
20 B allocated by country?

Beginning of quarter
$ Bil.

A. Australia

601

157

D. China
E. France
F. Germany

308

162

G. Japan
H. Mexico
I. Netherlands
J. Singapore
K. Switzerland
L. United Kingdom
M.
N.
O.
P.
Q.
R.
S.
T.

--Select Country---Select Country---Select Country---Select Country--

--Select Country---Select Country--

--Select Country--

W.
X.
Y.

--Select Country---Select Country--

--Select Country--

Z. Unallocated*

000

000
000
000
000
000
000
000
000
000
000
000

000
4

000
2

000
4

000
2

000

709

000
4

000

181

000
4

000

180

000
4

000

179

000
4

000

178

000
4

000

177

000
4

000

176

000
4

000

175

000
4

000

174

000
4

000

173

000
4

000

172

000
4

000

171

000
4

000

170

000
4

000

1
169

268

000

327

168

Other countries - Specify

000
4

000

325

167

000
4

000

625

166

000
4

000

319

165

000
4

000

213

164

000
4

000

614

163

000
4

000
2

000

Dols.

000

Thou.

Mil.

000

307

161

$ Bil.

Dols.

000

650

160

Thou.

Mil.

000

100

159

$ Bil.

C. Canada

Dols.

Current quarter

End of quarter

000

202

158

Thou.

B. Brazil

Mil.

Interest income

000
4

000

Use extra copies as needed. Totals (this page only):

*Unallocated – Combine values for countries which individually amount to less than $500 thousand.
Notes

FORM BE-605 (Rev. 05/2015)

Page 11

Part V – Quarterly Change in the Foreign Parent’s Share of the U.S. Affiliate’s
Capital Account (if Incorporated) or Equity (if Unincorporated)
23 During the quarter indicated in 2 , was there a change in the foreign parent’s share of the U.S. affiliate’s

capital account (if incorporated) or equity (if unincorporated)?
1 1

043

Yes
No – SKIP to Part VI , 28 .

Report in 24 or 25 the transaction value (i.e., market value) of consideration given or received.
Unincorporated U.S. affiliates must report the foreign parent’s share of any increase (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 or Part IV .
Include in 24 and 25 changes caused by:
• Treasury stock transactions with the foreign parent and liquidating dividends;
• Capitalization of intercompany debt (report the amount of debt converted to equity as the transaction value
of the equity increase in 24 C), and adjust the debt balance as appropriate in Part IV , 19 A;
• Purchase or sale of capital stock by the foreign parent from or to the U.S. affiliate;
• Change in capital of the U.S. affiliate owned by the foreign parent that did not result from a change of stock
issued.
Exclude from 24 and 25 changes caused by:
• Carrying net income (loss) to the equity account (i.e., retained earnings);
• Dividends/earnings distributed and stock dividends. Report in Part III , 14 D or 14 E;
• Balance sheet translation adjustments. Report in Part III , 14 C;
• The effect of treasury stock transactions with persons other than the foreign parent;
• Reorganizations in capital structure that do not affect total equity;
• Investments that are written off. Report in Part III .
Current Quarter
24

What is the increase in the foreign parent’s equity interest in the U.S. affiliate due to:
A. Establishment of the U.S. affiliate or acquisition (partial or total) of an equity
029
interest in this U.S. affiliate by the foreign parent from other foreign persons?.....................

$ Bil.
1

Mil.

Thou.

Dols.

000

B. Acquisition (partial or total) of an equity interest in this U.S. affiliate by the foreign
028
parent from other U.S. persons?...........................................................................................

C. Capital contributions and other transactions by the foreign parent to the U.S.
026
affiliate?................................................................................................................................

000
000

What is the decrease in the foreign parent’s equity interest in the U.S. affiliate due to:

A. Liquidation or sale (partial or total) of an equity interest in this U.S. affiliate by the
031
foreign parent to other foreign persons?...............................................................................

B. Sale (partial or total) of an equity interest in this U.S. affiliate by the foreign parent
030
to other U.S. persons?..........................................................................................................

000
000
1

027
C. Return of capital and other transactions from the U.S. affiliate to the foreign parent?.............

26 What is the total change in the foreign parent’s equity interest in the U.S. affiliate
032
from the prior quarter? Sum of ( 24 A + 24 B + 24 C) minus ( 25 A + 25 B + 25 C).....................

For items

24 and 25 , what are the amounts (e.g., good
will) by which the transaction value:

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

Mil.

Thou.

Dols.

Page 12

903

$ Bil.
4

000

903

000

Mil.

Thou.

Dols.

000
5

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

For liquidation or sale 25

For acquisition 24
$ Bil.
2

000

FORM BE-605 (Rev. 05/2015)

Part VI – 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 this is an initial report, complete as of the ending date of the quarter indicated in 2 .

Month

Day

Year

1
034
28 What is the U.S. affiliate’s fiscal year (or, if initial report, quarter) ending date?................
1

29 What is the percentage of the foreign parent’s direct equity ownership

BBBB%

035
interest in the U.S. affiliate? Enter to a tenth of one percent............................................................

Foreign Parent’s Share of the U.S. Affiliate’s Annual Net Income (Loss)
30 What is the foreign parent’s direct equity in the consolidated

U.S. affiliate’s annual net income (loss) after provision for
036
U.S. federal, state, and local income taxes?............................................................................

$ Bil.
1

Mil.

Thou.

Dols.

000

31 What is the foreign parent’s share of certain gains (losses) including

unusual and nonrecurring items, net of taxes:
1
037

000

A. Included in net income in item 30 (refer to instruction for 14 B1 on page 6)?.....................

B. NOT included in net income in 30 , but taken to other comprehensive income
038
(refer to instruction for 14 B2 on page 6)?............................................................................

000
1

32 What is the foreign parent’s share of the CHANGE in the translation adjustment

account during the

338
year?..........................................................................................................

000

Foreign Parent’s Share of the U.S. Affiliate’s Owner’s Equity at Year End
33 As of the date shown in item 28 above, what is the foreign parent’s direct share

of the consolidated U.S. affiliate’s:

$ Bil.
1

Mil.

Thou.

Dols.

000

042
A. Total equity? Equals the sum of 33 B + 33 C + 33 D, if incorporated. ..............................
1
039

B. Capital stock, preferred stock, and additional paid-in capital, if incorporated?......................

000
1

040
C. Retained earnings (deficit), if incorporated?..........................................................................

D. All other components including translation adjustment, other comprehensive
041
income (loss) and noncontrolling minority interest?..............................................................

000
1

000

Notes

001

BEA USE ONLY
3

FORM BE-605 (Rev. 05/2015)

Page 13

Part VII – Claim for Exemption
34 The U.S. affiliate, as consolidated, is exempt from filing a BE-605 report if ANY ONE of the conditions specified
A01 in statements A–E below applies. Check the statement that applies and complete ALL adjacent answer boxes.
1

This U.S. affiliate is exempt because ALL of the items below (not just the foreign parent's share) were less than or
equal to $60 million (positive or negative) during the affiliate’s last four fiscal quarters. If 12 months of data are not
available, give full-year projections.
$

Bil.

Mil.

Thou.

000

A11
Total assets – DO NOT net against liabilities.......................................................

Dols.

A12
Sales or gross operating revenues, excluding sales taxes....................................

000

A13
Net income (loss) after provision for U.S. federal, state, and local income taxes ......

000

12-month
period ended
mm/dd/yyyy

A14

This U.S. affiliate was consolidated, merged into, or reorganized into the BE-605 report for another U.S. affiliate.
Company name and address:
A20

Date of change
mm/dd/yyyy

BEA ID number of above named U.S. affiliate (or contact person name and telephone number):

A22

A21

This U.S. affiliate is indirectly foreign owned through another U.S. affiliate AND has no Part IV transactions with the
foreign parent(s) or any of its (their) foreign affiliates.
The foreign parent’s voting interest in this U.S. business enterprise was (check ANY ONE that applies and provide date):
A02
1

Sold to a U.S. entity that does not have foreign ownership of 10 percent or more.
Acquiring company name:
A33

Bil.

Mil.

Thou.

Approximate sale value..............................................................................

Liquidated/dissolved.

Bil.

A35
Amount returned to the foreign parent........................................................

A31

000

A32

Dols.

Mil.

Thou.

Dols.

000

A34

Diluted. The foreign parent’s total voting interest in this U.S. afﬁliate is
below the 10 percent threshold required to ﬁle.
A38
A39
New percentage of ownership for foreign parent....................................................

Date
mm/dd/yyyy

This U.S. business enterprise was identified by BEA as required to file a BE-605 survey form and ALL of the following 3
statements apply: 1) The U.S. business enterprise is a private fund, 2) the private fund does not own, directly or indirectly
through another business enterprise, an “operating company”—i.e., a business enterprise that is not a private fund or a
holding company—in which the foreign parent owns at least 10 percent of the voting interest, AND 3) if the foreign parent
owns the private fund indirectly (through one or more other U.S. business enterprises), there are no U.S. “operating
companies” between the foreign parent and the indirectly-owned U.S. private fund.
The foreign investment in the U.S. private fund may be required to be reported on Treasury International Capital (TIC)
Surveys, review reporting requirements for TIC surveys at www.treasury.gov/tic.
For more information regarding private funds visit www.bea.gov/privatefunds.

Page 14

FORM BE-605 (Rev. 05/2015)

Survey Information
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). All persons contacted by BEA in writing must respond pursuant to section
801.3 of 15 C.F.R. pt. 801 and the survey instructions.
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. Per the Cybersecurity Enhancement Act of 2015,
your data are protected from cybersecurity risks through security monitoring of the BEA information systems.
Penalties – Whoever fails to report may be subject to a civil penalty not less than $4,454, and not more than $44,539, 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, 4600 Silver Hill Rd, Washington, DC
20233; and to the Office of Management and Budget, Paperwork Reduction Project 0608-0009, Washington, DC 20503.
Retention of copies: Retain a copy of filed reports for 3 years beyond the report’s original due date.

CONTACT INFORMATION
Provide information of person to consult about this report:
801 Name
0
806 Street 1
0

Telephone Number

807 Street 2
0

Fax Number

808 City
0

802_0

803_0

State

Zip

Extension

—)

— — — - — — — —

(—

—

(—

— —) — — — - — — — —

E-mail Address
810_0

NOTE: BEA uses a Secure Messaging System to correspond with you via encrypted message to discuss questions relating to this form. We may use
your e-mail address for survey-related announcements and to inform you about secure messages. When communicating with BEA by e-mail, please do
not include any confidential business or personal information.

CERTIFICATION
The undersigned official certifies that this report has been prepared in accordance with the applicable instructions, is complete, and is substantially
accurate including estimates that may have been provided.
Signature of Authorized Official

809 Name
0

FORM BE-605 (Rev. 05/2015)

Date

Title

Telephone Number
804_0

—

(—

— —) — — — - — — — —

Fax Number
805_0

—)

— — — - — — — —

(—

Extension

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 the foreign parent means, with reference to a given U.S. affiliate, any member of the affiliated
foreign group (see definition above) 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 is the FIRST entity incorporated outside the United States, proceeding up a chain of owner-ship, that has
10 percent or more voting interest (direct or indirect) in this U.S. affiliate.
Partnerships are either classified as general or limited. The determination of percentage of voting interest for either is
based on who controls the partnership. A general partnership consists of at least two general partners who together
control the partnership; unless a clause to the contrary is contained in the partnership agreement, a general partnership is
presumed to be controlled equally by both partners. A limited partnership consists of
at least one general and one limited partner. The general partner usually controls a limited partnership, and therefore, has
100 percent voting interest in the partnership. Limited partners do not normally exercise any control, and unless a clause
to the contrary is contained in the partnership agreement, are presumed to have zero voting interest in the partnership.
Private fund refers to the same class of financial entities defined by the Securities and Exchange Commission as private
funds on Form PF: “any issuer that would be an investment company as defined in section 3 of the Investment Company
Act of 1940 but for section 3(c)(1) or 3(c)(7) of … [that] Act.”
Ultimate beneficial owner means the foreign entity proceeding up the ownership chain, beginning with and including the
foreign parent, that is not more than 50 percent owned by another entity.
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 a business enterprise located in the United States in which a foreign entity has a direct in-vestment.
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. 05/2015)

File Type	application/pdf
File Title	untitled
File Modified	2017-05-25
File Created	2015-05-12