Be-10c

FORM

BE-10C

OMB No. 0608-0049: Approval Expires 11/30/2017

(REV. 12/2014)

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 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 income 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 Forms BE-10B or BE-10C.
NOTE — If the foreign affiliate is exempt from being reported on Form BE-10C, see the reporting requirements for Forms 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 What is the 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 12) of this report. If this report is for a single foreign affiliate, enter “1” in the box.
1003 1

4 What is the country of incorporation or organization of this foreign affiliate — Mark (X) one.
1006

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
1042

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 FY 2014?
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

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

FORM BE-10C (REV. 12/2014)

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:

Voting interest

Equity
2013
(2)

1012 1

Voting
2014
(3)

2

3

Voting
2013
(4)
4

9 U.S. Reporter named in 1 ? — Report equity interest and voting interest. . . . . . . — — —.—% — — —.—% — — —.—% — — —.—%
1013

3

10 Other foreign affiliate(s) of U.S. Reporter named in 1 ? — If entry is made here, complete 17 and 18 . . . . . . .
1014

3

3

3

3

3

3

4

100.0 %

16 What is the total directly held voting ownership interests? — Sum of 9 through 15 . . . . . . . . . . .
1020

4

— — —.—% — — —.—%

15 All other foreign persons? (not reported above). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1019

4

— — —.—% — — —.—%

14 Foreign persons in this affiliate’s country of location? (not reported above). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1018

4

— — —.—% — — —.—%

13 Other U.S. persons? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1017

4

— — —.—% — — —.—%

12 Foreign affiliate(s) of other U.S. Reporter(s)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1016

4

— — —.—% — — —.—%

11 Other U.S. Reporter(s) of this foreign affiliate? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1015

4

— — —.—% — — —.—%

3

100.0 %
4

17 What is the indirect ownership interest held through the U.S. Reporter’s other foreign
affiliates? If there is an entry in 10 , 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 . . . . . . — — —.—% — — —.—%
18 W
. hat is the name of the foreign affiliate parent(s)? — If there is an entry in 10 , 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)

Percent of direct
ownership in this
foreign affiliate

BEA
USE
ONLY

Close FY 2014
(b)
1191

1

1192

1

1193

1

2

3

2

3

2

3

— — —.—% — — —.—%

a.

— — —.—% — — —.—%

b.
c.
1021

TOTAL — Must equal percentages entered in 10 . . . . . . . . . . . . . . . . . . . . . .

BEA
USE
ONLY

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)

— — —.—% — — —.—%
2

3

— — —.—% — — —.—%

1025

1

2

3

4

5

1026

1

2

3

4

5

1027

1

2

3

4

5

FORM BE-10C (REV. 12/2014)

Page 3

Part I — Identification of Foreign Affiliate — Continued
Section B — Industry Classification and Revenue by Industry for this Foreign
Affiliate

Affiliate ID

19 W
. hat 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

20 W
. hat 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, 2012.
• For an inactive foreign affiliate, enter an ISI code based on its last active period; For “startups” with no sales, show the intended activity(ies).
• 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)

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

(2)
$ Bil.

1030 1

Mil.

Thous. Dols.

2

000

21 Largest sales or gross operating revenues?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1031 1

2

000

22 2nd largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1032 1

2

000

23 3rd largest sales or gross operating revenues?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1037 2

000

24 Sales or gross operating revenues not accounted for above?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1038 2

25 What is the foreign affiliate’s total sales or gross operating
revenues? — Sum of 21 through 24 (Must equal 26 , and 71 , column (1), if applicable) . . . . . . . . . . . . . . . . . .

000

BEA
USE
ONLY

1039

1

2

3

4

5

1040

1

2

3

4

5

Part II — Financial and Operating Data of Foreign Affiliate
Section A — Selected Income Statement Items — See Additional Instructions for Part II, Section A, on page 13
at the back of this form.
What are the foreign affiliate’s values for:
26 Sales or gross operating revenues, excluding sales taxes? — Must equal 25 , column (2) and 71 , column (1), if 2041
applicable. (Dealers in financial instruments see Special Instructions, A.1., page 14; insurance companies see
Special Instructions, B.2.a., page 14.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ Bil.

Mil.

Thous. Dols.

1

2044 1

000

27 Certain gains (losses)? — Report gross amount before income tax effect. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

28 Foreign income taxes? — Provision for foreign income taxes for FY 2014. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

29 Net income (loss)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

2048 1

2051 1

Remarks

Page 4

FORM BE-10C (REV. 12/2014)

Part II — Financial and Operating Data of Foreign Affiliate — Continued
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 that 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. EXCLUDE data related to activities of a prior period, such as those
capitalized or charged to inventories in prior periods. EXCLUDE 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 payments-in-kind, valued at their costs, that are clearly and primarily of benefit to the employees as consumers. EXCLUDE
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

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

31 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

32 Is total employee compensation expenditure in 31 zero?
2111

1

1

Yes — Explain below.

1

2

No — Skip to 33

If yes, explain why compensation is zero.

Section C — Technology
Research and development (R&D) expenditures in 33 pertains only to R&D performed by the foreign affiliate, including R&D performed by
the affiliate for others (including the U.S. Reporter or its other foreign affiliates) under contract. (EXCLUDE the cost of any R&D funded by the affiliate
but performed by others, such as the affiliate’s allocated share of R&D performed by the U.S. Reporter (report such R&D on Form BE-10A, 91 . See
R&D Instructions on page 14 at the back of this form.
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 (FASB Statement No. 2,
“Accounting for Research and Development Costs.”)

$ Bil.

2116

FORM BE-10C (REV. 12/2014)

1

2

3

4

Thous. Dols.

000

33 What is the foreign affiliate’s value for R&D performed BY this affiliate?. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

BEA
USE
ONLY

Mil.

2155 1

5

Page 5

Part II — Financial and Operating Data of Foreign Affiliate — Continued
Section D — Balance Sheet

Affiliate ID

• 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.
INCLUDE items on capital leases from others, per FAS ASC 840 (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 14.
• Capital stock and additional paid-in capital — INCLUDE common and preferred, voting and nonvoting capital stock and additional paid-in capital.
• Retained earnings (deficit) — INCLUDE earnings retained by the corporation and legally available for dividends, and earnings voluntarily restricted.
• Translation adjustment — Report the cumulative amount at year end per FASB ASC 830 (FAS 52). For unincorporated foreign affiliates, report that
portion of 45 representing the affiliate’s cumulative translation adjustment account.
• All other components — INCLUDE the cumulative balance of unrealized holding gains and losses due to changes in the valuation of available-forsale 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).
• 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.

Balance at close
of fiscal year 2014
(1)

What are the foreign affiliate’s values for:
ASSETS (Insurance companies see Special Instructions for 34 on page 14.)

$ Bil. Mil. Thous. Dols.
2150

1

2152

000
1

000
1

2094

000
1

2095

2

1

2

1

Balance at close
of fiscal year 2014

000

2097 1

$ Bil. Mil. Thous. Dols.
2

40 Translation adjustment
component?. . . . . . . . . . . . . . . .

000

2098 1

000
2

000

41 All other components?. . . . . . . .

000

42 Total accumulated other comprehensive income (loss)? —
Equals sum of 40 and 41 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2099

1

43 Other? — INCLUDE treasury stock and involuntarily (or legally) restricted earnings,
and noncontrolling interests per FASB ASC 810 (FAS 167). — Specify. . . . . . . . . . . . . . . . .

2100

1

2101

1

44 Total owners’ equity (incorporated foreign affiliate)? —
Equals 36 minus 37 and, equals the sum of 38 , 39 , 42 , and 43 . . . . . . . . . . . . .
OWNERS’ EQUITY — Unincorporated affiliate only, complete 45 and 46
2102
45 Total owners’ equity (unincorporated foreign affiliate)? —
Equals 36 minus 37 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2103

2

000

BEA
USE
ONLY
Page 6

1

2

3

000
2

000

000

2

000
1

000
2

000
1

000
2

000

46 Translation adjustment?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2159

000

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

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

000
2

39 Retained earnings (deficit)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Accumulated other
comprehensive income
(loss)

000

000

38 Capital stock and additional paid-in capital?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2096

000

000

37 Total liabilities?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
OWNERS’ EQUITY — Incorporated affiliate only, complete 38 through 44

000
2

36 Total assets? — Sum of 34 and 35 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
LIABILITIES

000
2

35 Other assets? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2090

$ Bil. Mil. Thous. Dols.
2

34 Property, plant, and equipment — net?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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

4

000
5

FORM BE-10C (REV. 12/2014)

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 2014.
• For foreign affiliates engaged in exploring for, or developing, natural resources, INCLUDE exploration and development
expenditures made during FY 2014 that were capitalized, including capitalized expenditures to acquire or lease mineral rights. EXCLUDE
adjustments for expenditures charged against income in prior years but subsequently capitalized during FY 2014.
• Insurance companies should INCLUDE expenditures WHEREVER CLASSIFIED IN THE BALANCE SHEET
$ Bil. Mil. Thous. Dols.
(i.e., INCLUDE expenditures that have been classified in “other noncurrent assets”).
2157 1
What are the foreign affiliate’s values for:

000

47 Expenditures for new and used property, plant, and equipment (PP&E)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1

2158

48 Current-period depreciation and depletion? – Current-period charges against property, plant, and equipment
included in 34 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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  9 , if any, and to report direct financial positions or transactions between the U.S. Reporter
and the foreign affiliate.
49 Did the U.S Reporter named in  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  9  greater than zero)? — Mark (X) one.
4145

1

1

1

2

Yes — Continue with 50
No — Complete Section C of Part III and then continue with 68 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 13 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 that represent only the directly held equity interest.

$ Bil.

Mil.

Thous. Dols.

4146 1

50 Net income (loss) after provision for foreign income taxes? — Enter U.S. Reporter’s share of net
income (loss), item 29 .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1
51 Dividends on common and preferred stock of incorporated foreign affiliate (EXCLUDE stock and 4150
liquidating dividends) or distributed earnings of unincorporated foreign affiliate? — gross amount. . . .

000
000

Section B — 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 B, on
page 13 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.
What are the increases in the U.S. Reporter’s equity interest in this foreign affiliate for:

$ Bil.

52 Establishment of affiliate or acquisition (partial or total) of equity interest in this affiliate by the U.S. Reporter either 4160
from this affiliate or from other foreign persons?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4161
53 Capital contributions and other transactions of the U.S. Reporter with foreign persons that increase equity in
this affiliate? — Specify. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1
1

4162 1

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

Mil.

Thous. Dols.

000
000
000

What are the decreases in the U.S. Reporter’s equity interest in this foreign affiliate for:
4163
55 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? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4164
56 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

4165 1

57 Sale (partial or total) of equity interest in this affiliate by the U.S. Reporter to other U.S. persons? . . . . . . . . . . . . . . . . . .
4166 1

58 TOTAL? — Equals sum of items 52 , 53 , and 54 , minus sum of items 55 , 56 , and 57 . . . . . . . . . . . . . . . . .
FORM BE-10C (REV. 12/2014)

000
000
000
000
Page 7

Part III — Investment and Transactions Between the U.S. Reporter and the Foreign Affiliate — Continued
Section C — Debt and Other Intercompany Balances and Interest Receipts and Payments Between the U.S. Reporter and the
Foreign Affiliate — See Additional Instructions for 63 through 64 on page 13 at the back of this form.
59 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)?
4180

1

1

Yes — Continue with 60

1

2

No — SKIP to 63 through 65

60 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.
4181

1

1

Yes — Continue with 61

1

2

No — SKIP to 62

61 Does the U.S. Reporter have consolidated U.S. subsidiaries or units that have insurance, real estate, or leasing activities?
4182

1

1

Yes — Complete 63 through 65 , 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 Part IV

62 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)?
4183

1

1

Yes — Complete 63 through 65 , 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 63 through 65

Report in 63 and 64 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 Information for Part III, Section C on page 13 at the back of this form.
Balance at close
of fiscal year 2014

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

(1)

What are the foreign affiliate’s values for:

$ Bil. Mil. Thous. Dols.
4155

1

4156

1

63 Receivables due to the foreign affiliate from the U.S. Reporter? —
Do not net against liabilities, 64 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
64 Liabilities owed to the U.S. Reporter by the foreign affiliate? —
Do not net against receivables, 63 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Interest Receipts and Payments (Gross of Withholding Taxes)
Between the U.S. Reporter and the Foreign Affiliate

000
000

65 Interest on amounts reported in 63 and 64 , including interest
4157
on capital leases? – Report interest receipts and interest payments at gross.
Do not net the receipts against the payments. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

BEA
USE
ONLY
Page 8

000

Payments by foreign
affiliate to U.S. Reporter
Gross of foreign tax
withheld
(2)

(1)

What are the foreign affiliate’s values for:

—

000
2

Receipts by foreign affiliate
from U.S. Reporter
Gross of U.S. tax withheld

Enter amounts received, paid, or entered into intercompany accounts, whichever occurred first.

66

$ Bil. Mil. Thous. Dols.
2

$ Bil. Mil. Thous. Dols.
1

$ Bil. Mil. Thous. Dols.
2

000

000

67 Intentionally blank

4159

1

2

FORM BE-10C (REV. 12/2014)

Part IV — U.S. Exports To and U.S. Imports From Foreign Affiliate
Goods only valued f.a.s. at port of exportation; EXCLUDE services —
See Instruction Booklet, Part V.
IMPORTANT NOTES

Affiliate ID

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. EXCLUDE 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 EXCLUDE 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.

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

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

Mil. Thous. Dols. $ Bil.

4178

69 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.

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)

Shipped to other
U.S. persons
(3)

Mil. Thous. Dols. $ Bil.

2

Mil. Thous. Dols.

3

000

000

000

Remarks

BEA
USE
ONLY

4179

FORM BE-10C (REV. 12/2014)

1

2

3

4

5

Page 9

Part V — Other Detailed Financial and Operating Data of Majority-Owned Foreign Affiliate
70 Is this a majority-owned foreign affiliate? – See Instruction Booklet, Part II.O.
2123

Affiliate ID

1

1

Yes — Continue with 71

1

2

No — Skip 71 through 74 and continue with the Supplement A on page 11.

Distribution of Sales or Gross Operating Revenues
71 .What is the foreign affiliate’s value for 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. INCLUDE revenues
generated during the year from the operations of a discontinued business segment, but EXCLUDE gains or losses from disposals of discontinued
operations. Report such gains or losses in 27 .
• Finance and leasing companies with ISI codes 5221, 5223, 5224, 5229, 5231, 5238, 5252, or 5331 report interest income as sales.
• Insurance companies with ISI codes 5243 or 5249 report gross investment income as sales. Also see Special Instructions, B.2.a. on page 14.
• 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 whether publicly issued or privately placed. If the
location of the issuer is unknown, then substitute the nationality of the issuer. If both the location and nationality of the issuer are unknown, and
an intermediary (e.g. trustee, custodian, or nominee) is used to manage the investment (financial instrument or real estate) use the country of
location of the intermediary.

2154

$

Local sales

TOTAL
Column (1) equals
the sum of
columns (2)
through (7)

Bil.

Mil.

(1)
Thous.

To other
foreign
affiliates of
the U.S.
Reporter(s)
(2)

Dols.

1

Sales to U.S.

To
unaffiliated
customers

3

(4)
4

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

To
unaffiliated
customers

To U.S.
Reporter(s)

(3)

2

Sales to other countries

(5)
5

To
unaffiliated
customers
(7)

6

7

000

Interest and Taxes
What are the foreign affiliate’s values for:
72 Interest income? — Interest received or due to the affiliate from all payors (including affiliated
2124
persons), net of tax withheld at the source. INCLUDE all interest receipts included in 26 .
Do not net against interest expensed, 73 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$ Bil.

Mil.

Thous. Dols.

1

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

2127 1

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

— 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).

BEA
USE
ONLY
Page 10

2128

1

2

3

4

5

FORM BE-10C (REV. 12/2014)

BE-10C Supplement A
BUREAU OF ECONOMIC ANALYSIS

U.S. DEPARTMENT OF COMMERCE

Affiliate ID Number

Identification – Name of foreign affiliate as shown in   2

BEA USE
ONLY
of Form BE-10C

C

Page No. _____ of _____
pages of this Supplement A

__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %

__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %

5005

5006

5007

5008

5009

5010

5011

5012

5013

5014

5015

__ __ __ . __ %

__ __ __ . __ %

5003

5004

__ __ __ . __ %

__ __ __ . __ %

Close FY 2014 Close FY 2013

5002

(3)

(5)

(2)

(1)

BEA USE ONLY

(4)

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

Name of each foreign affiliate, as taken from   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

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   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. 12/2014)

▲

Page 11

BE-10C Supplement B
BUREAU OF ECONOMIC ANALYSIS

U.S. DEPARTMENT OF COMMERCE

Affiliate ID Number

Identification – Name of foreign affiliate as shown in   2

BEA USE
ONLY
of Form BE-10C

C

Page No. _____ of _____
pages of this Supplement B

__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %
__ __ __ . __ %

6004

6005

6006

6007

6008

6009

6010

6011

6012

6013

6014

6015

(4)

6003

(3)

__ __ __ . __ %

(2)

(1)

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

6002

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

BEA USE ONLY

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   2 , of Form
BE-10C. The number of foreign affiliates listed below plus the reporting foreign affiliate must agree with   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.
See consolidation chart in Instruction Booklet, Part I.B.2.d(1).

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

FORM
(REV. 12/2014)

▲

Page 12

2014 BENCHMARK SURVEY OF U.S. DIRECT INVESTMENT ABROAD
FORM BE-10C
ADDITIONAL INSTRUCTIONS BY ITEM
Part I — Identification of Foreign Affiliate
21 – 25
Sales or gross operating revenues of foreign affiliate, by
industry of sales or gross operating revenues. See
Additional Instructions for Part II, Section A, 26 below.

Dealers in financial instruments and finance, insurance, and real
estate companies see Special Instructions, page 14.

Part II — Financial and Operating Data of Foreign
Affiliate
Section A — Income Statement
26 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 14.
27 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 28 . Report gains (losses)
resulting from:

a. Sale or other disposition of financial assets including investment
securities; FASB ASC 320 (FAS 115) holding gains (losses)
on securities classified as trading securities; FASB ASC 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 25 and 26 ;
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)).

28 Foreign income taxes — EXCLUDE production royalty
payments and U.S. income taxes.

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
51 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 — 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
52 – 54

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
52 or 54 as appropriate. Do not report the book value of the equity
interest if it differs from what was paid.
55 – 57

Decrease in U.S. Reporter’s Equity Interest in This Affiliate —
For an affiliate that is sold, report the sales price in 55 or 57 as
appropriate. INCLUDE foreign income taxes, if any, on gains (and tax
refunds on losses) in the calculation of these items. Report the ending
intercompany debt position for the affiliate (in column (1) of 63 and
64 ) as zero. If debt positions still exist, they are between a U.S.
person and an unaffiliated foreign person, and may be reportable on
the Department of the Treasury International Capital report forms.
For investments written off, enter zero in 55 – 57 . If an account
receivable due to the U.S. Reporter from the affiliate is written off,
report the amount of the receivable in 53 as a capital contribution.
Section C — Debt and Other Intercompany Balances and
Interest Receipts and Payments Between the U.S. Reporter and
the Foreign Affiliate
63 – 64
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 63
and 64 . Report the interest component under capital leases in 65 .
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 2014 closing net book value of the leased
equipment in column (1), and
• INCLUDE the FY 2013 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 14.
FORM BE-10C (REV. 12/2014)

Page 13

R&D Instructions
R&D pertains to planned, creative work aimed at discovering new knowledge or developing new or significantly improved goods
and services. This includes a) activities aimed at acquiring new knowledge or understanding without specific immediate commercial
application or use (basic research); b) activities aimed at solving a specific problem or meeting a specific commercial objective
(applied research); and c) systematic use of research and practical experience to produce new or significantly improved goods,
services, or processes (development).
Basic research is the pursuit of new scientific knowledge or understanding that does not have specific immediate commercial
objectives, although it may be in fields of present or potential commercial interest.
Applied research applies the findings of basic research or other existing knowledge toward discovering new scientific
knowledge that has specific commercial objectives with respect to new products, services, processes, or methods.
Development is the systematic use of the knowledge or understanding gained from research or practical experience directed
toward the production or significant improvement of useful products, services, processes, or methods, including the design and
development of prototypes, materials, devices, and systems.
• R&D does NOT include expenditures for:
• Costs for routine product testing, quality control, and technical services unless they are an integral part of an R&D project
• Market research
• Efficiency surveys or management studies
• Literary, artistic, or historical projects, such as films, music, or books and other publications
• Prospecting or exploration for natural resources
R&D includes the activities described above whether assigned to separate R&D organizational units of the company or carried out
by company laboratories and technical groups not a part of an R&D organization.
INCLUDE all costs incurred to support R&D performed by the affiliate. INCLUDE wages, salaries, and related costs; materials
and supplies consumed; depreciation on R&D property and equipment, cost of computer software used in R&D activities; utilities,
such as telephone, electricity, water, and gas; travel costs and professional dues; property taxes and other taxes (except income
taxes) incurred on account of the R&D organization or the facilities they use; insurance expenses; maintenance and repair, including
maintenance of buildings and grounds; company overhead including: personnel, accounting, procurement and inventory, and
salaries of research executives not on the payroll of the R&D organization. EXCLUDE capital expenditures, expenditures for tests
and evaluations once a prototype becomes a production model, patent expenses, and income taxes and interest.

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 27 :
• 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 27 , unrealized gains or losses due to
changes in the valuation of financial instruments that are taken to
other comprehensive income. Reflect such changes in 41 (all
other components of accumulated other comprehensive income
(loss)).
EXCLUDE from 27 , income from explicit fees and
commissions. INCLUDE income from these fees and
commissions as operating revenue in 21 through 24 , 26 ,
and in 71 .
2. Real estate companies — INCLUDE in 27 :
• 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 25 , 26 and 71 . Do not net the expenses
against the revenues.

Page 14

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-10
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 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 ( 26 ) — 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 and EXCLUDE certain
gains or losses that are to be reported in 27 .
b. Certain gains (losses) ( 27 ) — See Special
Instructions, A.1.
c. Net book value of property, plant, and equipment
( 34 ) — INCLUDE the net book value of property, plant,
and equipment, WHEREVER CLASSIFIED IN THE BALANCE
SHEET.
d. Expenditures for property, plant, and equipment
( 47 ) — INCLUDE expenditures WHEREVER CLASSIFIED IN
THE BALANCE SHEET (e.g., INCLUDE expenditures that have
been classified in “other assets”).
FORM BE-10C (REV. 12/2014)

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 and aquaculture
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. 12/2014)

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 Household appliances, and 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
Non-store 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 services

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. 12/2014)