Form BE-11A

FORM

BE-11A

OMB No. 0608-0053: Approval Expires 11/30/2018

(REV. 01/2018)

2017 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
MANDATORY — CONFIDENTIAL

BE-11A (Report for U.S. Reporter)
Due Date:

May 31, 2018

Electronic Filing:

Go to www.bea.gov/efile for details

Mail reports to:

Bureau of Economic Analysis
Direct Investment Division, BE-69(A)
4600 Silver Hill Road
Washington, DC 20233

*Do not enter Social Security Number in Reporter ID box

1 Name and address of U.S. Reporter

Name:

Deliver reports to: Bureau of Economic Analysis
Direct Investment Division, BE-69(A)
4600 Silver Hill Road
Suitland, MD 20746
Fax reports to:

(301) 278-9502

Assistance:

E-mail:
Telephone:
Copies of form:

A

Reporter ID Number*

In Care Of:

Attention:
Title:

be10/[email protected]
(301) 278-9418
www.bea.gov/dia

Street 1:

Please include your Reporter Identification Number
with all requests.

City:

Street 2:
State

Zip:

IMPORTANT
Instruction Booklet — Contains additional instructions, definitions, and detailed reporting requirements for completing this form.
Who must report — Form BE-11A must be filed by each U.S. person that has a foreign affiliate reportable in fiscal year 2017.
Data on Form BE-11A pertain to the fully consolidated U.S. domestic business enterprise for the U.S. Reporter’s 2017 fiscal year. DO NOT FULLY
CONSOLIDATE OPERATIONS OF FOREIGN AFFILIATES ON FORM BE-11A. Report data pertaining to the operations of foreign affiliates
on Forms BE-11B, BE-11C, or BE-11D.
$
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.

MANDATORY
CONFIDENTIALITY
PENALTIES

Bil.

Mil.

Thous.

Dols.

1

335

000

1

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). The filing of reports is mandatory and the Act
provides that your report to this Bureau is confidential. Whoever fails to report may be subject to penalties.
See page 11 for additional details.

CONTACT INFORMATION
Provide information of person to consult about this report:
Name
0
0990

Street 1

Telephone Number

0

Extension

0
0994

0991

Street 2

Fax Number

0

0

0992

0997

City

State

Zip

E-mail Address

0

0
0999

0993

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 except that, in accordance with instructions Part IV.E of the Instruction Booklet, estimates may have been provided.
Signature of Authorized Official

Date

Telephone Number
0
0996

Name

Title

Fax Number

0
0995

0
1001

Extension

Part I – Identification of U.S. Reporter

2

Intentionally blank

3

Is the U.S. Reporter owned to the extent of more than 50% of its voting stock by another U.S. enterprise?
1003

4

1

1

Yes — Complete the “BE-11, CLAIM FOR NOT FILING.” On the claim, mark (X) box number B.2 and enter the name and
address of the U.S. business enterprise with whose data your data will be consolidated in accordance with the
definition of a fully consolidated U.S. domestic business enterprise. (See Instruction Booklet, Part I.B.1.b.) Submit
the claim to BEA and forward the remainder of the BE-11 survey packet to the U.S. business enterprise with whose
data your data will be consolidated. If this cannot be done, please contact us for further instructions.

1

2

No — Complete the remainder of this form.

What is the Employer Identification Number(s) used by the U.S. Reporter to file income and payroll taxes? Show additional
numbers on a separate sheet if necessary.
1004 1

2

__ __
5

How many foreign affiliate reports (Forms BE-11B, BE-11C, and BE-11D) are you required to file?
1005 1

6

What is the ending date of this U.S. Reporter’s 2017 fiscal year? — The U.S. Reporter’s financial reporting year that
has an ending date in calendar year 2017. See Instruction Booklet, Part II.A.
Month
1006

Day

Year

1

2 __
0 __
1 __
7
__ __ / __ __ / __
7

Is the U.S. Reporter a bank?
Note: A “bank” is a business engaged in deposit banking or closely related functions, including commercial banks, Edge Act corporations, savings
and loans, bank holding companies, and financial holding companies under the Gramm-Leach-Bliley Act.
1008

1
1

8

1

Yes

2

No

Is the U.S. Reporter named in 1 a U.S. affiliate of a foreign person and required to file a 2017 Form BE-12A, Benchmark
Survey of Foreign Direct Investment in the United States?
1011

1

1

1

Yes — Complete only 34 through 37 on the remainder of this Form BE-11A. Also complete
Form(s) BE-11B/C/D, as required.

2

No — Continue with 9 (Major activity of the fully consolidated domestic U.S. Reporter).

Remarks

BEA
USE
ONLY
Page 2

1029 1

2

3

4

5

1030 1

2

3

4

5

1031 1

2

3

4

5

FORM BE-11A (REV. 01/2018)

Part I – Identification of U.S. Reporter — Continued
9

What is the major activity of the fully consolidated domestic U.S.
Reporter? — Mark (X) one.

Reporter ID

Select the one activity below that best describes the major activity of the U.S.
Reporter. For an inactive U.S. Reporter, select the activity based on its last active
period; for “start-ups,” select the intended activity.
1

1013

1
1
1

1

1
2

Producer of goods

3

Producer or distributor of information

4

Provider of services

5

Other – Specify

Seller of goods the U.S. Reporter does not produce

10 What is the MAJOR product or service involved in this activity? If a product, briefly state what is done to it, i.e.,
whether it is mined, manufactured, sold at wholesale, packaged, transported, etc. (For example, “Manufacture widgets to sell at wholesale.”)
1014

0

Industry classification of fully consolidated domestic U.S. Reporter (based on sales or gross operating revenues)
xReport in columns (1) and (2), respectively, the 4-digit International Surveys Industry (ISI) code(s) and the sales associated with each code.
xFor a full explanation of each code, see the Guide to Industry Classifications for International Surveys, 2012 at www.bea.gov/naics2012.
A summary list of ISI codes is included at the back of Form BE-11B.
xFor an inactive U.S. Reporter, enter an ISI code based on its last active period.
xHolding companies (ISI code 5512) must show total income. A conglomerate must determine its 4-digit ISI code(s) based on the activities of the fully
consolidated U.S. domestic business enterprise. The “holding company” classification is often an invalid classification for a conglomerate. Please contact
BEA for further assistance before using ISI code 5512.
xDealers in financial instruments and finance, insurance, and real estate companies see Special Instructions, page 12.
Sales or gross
operating revenues
ISI code
(2)
(1)
What is the U.S. Reporter’s industry (ISI) code(s) and value(s) for:
Thous.
$ Bil. Mil.
Dols.
2

1015 1

--Select ISI CODE--

000

11 Largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2

1016 1

--Select ISI CODE--

000

12 2nd largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2

1017 1

--Select ISI CODE--

000

13 3rd largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2

1018 1

14 4th largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

--Select ISI CODE--

000
2

1019 1

15 5th largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

--Select ISI CODE--

000

1020 1

2

--Select ISI CODE--

000

16 6th largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2

1021 1

17 7th largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

--Select ISI CODE--

000
2

1022 1

18 8th largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

--Select ISI CODE--

000
2

1023 1

19 9th largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

--Select ISI CODE--

000
2

1024 1

20 10th largest sales or gross operating revenues? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

--Select ISI CODE--

000
1026

2

000

21 Sales or gross operating revenues not accounted for above?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1027

2

22 What is the U.S. Reporter’s total sales or gross operating revenues?
Sum of 11 through 21 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

Remarks

23 through 25 Intentionally blank
BEA
USE
ONLY

1028 1

2

3

4

1012 1

2

3

4

FORM BE-11A (REV. 01/2018)

0

5
5

Page 3

Part I – Identification of U.S. Reporter — Continued
SIZE OF U.S. REPORTER
26 Did this U.S. Reporter have any one of these three items – (1) total assets, (2) sales or gross operating revenues,
excluding sales taxes, or (3) net income (loss) – greater than $300 million at the end of, or for, the U.S. Reporter’s
2017 fiscal year?
2030

1
1

1

Yes — Skip Part II, then continue with Part III on page 5.

2

No — Complete Part II, skip Part III, then continue to Part IV on page 10.

Part II – Selected Financial and Operating Data of U.S. Reporter
Complete ONLY if the answer to 26 is “No.”

NET INCOME, ASSETS, LIABILITIES, AND EMPLOYEES
What are the U.S. Reporter’s values for:

$

Bil.

Mil.

Thous.

Dols.

2031 1

000

27 Net income (loss)? – See 31 on page 5 for instructions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2032

1

000

28 Total assets? — Balance at close of fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2033

1

000

29 Total liabilities? — Balance at close of fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Number of employees
2034

1

30 Total number of employees? — Report the total number of employees for the year.
(See 41 on page 7 for an explanation of “number of employees.”) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

➙ Skip to Part IV on page 10.
●

Remarks

BEA
USE
ONLY
Page 4

2036

1

0
FORM BE-11A (REV. 01/2018)

Part III – Financial and Operating Data of U.S. Reporter
Complete ONLY if the answer to 26 is “Yes.”

Section A — Net Income, Certain Gains (Losses), and U.S. Income Taxes

Reporter ID

What are the U.S. Reporter’s value(s) for:

$
3046

Bil.

Mil.

Thous.

Dols.

1

000

31 Net income (loss), after provision for U.S. income taxes?— INCLUDE: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
a. Income from equity investments in unconsolidated business enterprises (domestic and foreign); for those
owned less than 20 percent report dividends;
b. Non-operating income and extraordinary items (as defined by GAAP);
c. Gains (losses) from the sale or liquidation of foreign affiliates. In accordance with FASB ASC 830 (FAS 52), these
gains (losses) must be adjusted to include the closing balance in the foreign affiliate’s translation
adjustment account.
32 Certain gains (losses)?— Read the following instructions carefully as they may deviate from what is normally
3039
required by U.S. Generally Accepted Accounting Principles. Report gross amount before income tax
effect. INCLUDE income tax effect in 33 . Report gains (losses) resulting from: . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

Bil.

Mil.

Thous.

Dols.

1

000

a. Sale or 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 12;
b. Sales or dispositions of land, other property, plant and equipment, or other assets, and FASB ASC 360
(FAS 144) impairment losses. EXCLUDE gains or losses from the sale of inventory assets in the ordinary
course of trade or business. Real estate companies, see Special Instructions, A.2., page 12;
c. Goodwill impairment as defined by FASB ASC 350 (FAS 142);
d. Restructuring. INCLUDE restructuring costs that reflect write-downs or write-offs of assets or liabilities.
EXCLUDE actual payments and charges to establish reserves for future expected 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 34 ;
f. Re-measurement of U.S. Reporter’s foreign-currency-denominated 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, and 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;
h. The cumulative effect of a change in accounting principle; and
i. The cumulative effect of a change in the estimate of stock compensation forfeitures under FASB
ASC 718 (FAS 123(R)).

$
3043

Bil.

Mil.

Thous.

Dols.

1

33 U.S. income taxes?— Provision for U.S. Federal, state, and local income taxes.
EXCLUDE production royalty payments . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

Remarks

BEA
USE
ONLY
FORM BE-11A (REV. 01/2018)

3050

1

0
Page 5

,

Part III – Financial and Operating Data of U.S. Reporter — Continued

Section B — Distribution of Sales or Gross Operating Revenues
xReport 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 32 .
xFinance and leasing companies with ISI codes 5221, 5223, 5224, 5229, 5231, 5238, 5252, or 5331 report interest income in 34 .
xInsurance companies with ISI codes 5243 or 5249 report gross investment income in 34 . See Special Instructions, B.2.a., c.,
and d., page 12.
xDistribute sales or gross operating revenues among three categories – sales of goods, sales of services, and investment income.
See Additional Instructions on page 11.
xFor the purpose of this distribution, “goods” are normally economic outputs that are tangible and “services” are normally economic outputs
that are intangible.
xWhen a sale consists of both goods and services and cannot be unbundled (i.e., the goods and services are not separately billed),
classify the sales as goods or services based on whichever accounts for the majority of the value. Give best estimates if actual figures
are not available.
$ Bil.
Mil.
Thous.
3147

34 What are the U.S. Reporter’s sales or gross operating revenues, excluding sales
taxes? (Equals the sum of 35 , 36 , and 37 and the sum of 38 , 39 , and 40 ) . . . . . . . . . . . . .
BY TRANSACTOR
What are the U.S. Reporter’s value(s) for:

000
$

3101

Bil.

Mil.

Thous.

000
1

000

36 Sales to foreign affiliates of this U.S. Reporter? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3103

1

000

37 Sales to other foreign persons? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
BY TYPE
What are the U.S. Reporter’s value(s) for:

$
3148

Bil.

Mil.

Dols.

000
1

000

39 Sales of services? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3150

Thous.

1

38 Sales of goods? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3149

Dols.

1

35 Sales to U.S. persons? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3102

Dols.

1

1

000

40 Investment income?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Remarks

BEA
USE
ONLY
Page 6

3250

1

FORM BE-11A (REV. 01/2018)

Part III – Financial and Operating Data of U.S. Reporter — Continued

Section C — Number of Employees and Employee Compensation

Reporter ID

xReport the number of employees on the payroll at the end of FY 2017 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 2017. If the number of employees at the end of FY 2017
(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 2017. 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.
Number of
employees
3253

1

41 What is the U.S. Reporter’s total number of employees? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
xReport employee compensation expenditures, the base compensation data on payroll records, 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. Total employee compensation consists of wages and salaries of employees and employer
expenditures for all employee benefit plans. 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 U.S. Reporter.
— 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 postretirement 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.
$
3257

42 What is the U.S. Reporter’s total employee compensation expenditure? — Report, for all
employees, the sum of wages and salaries and employee benefit plans. . . . . . . . . . . . . . . . . . . . . . . . . . .

Bil.

Mil.

Thous.

Dols.

1

000

Section D — Balance Sheet Items
x Do not fully consolidate your foreign operations.
Balance at close
of fiscal year

What are the U.S. Reporter’s values for:
$
ASSETS
3369 1
43 Equity investments in foreign affiliates? — Report on the equity basis enterprises owned 20 to 100 percent.
Report at cost enterprises owned less than 20 percent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3370

Bil.

Mil.

000
000

1

000

45 Total assets?—Sum of 43 and 44 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
LIABILITIES AND OWNERS’ EQUITY

3375

1

000

46 Total liabilities? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3376

Dols.

1

44 All other assets? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3371

Thous.

1

000

47 Total owners’ equity?— 45 minus 46 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Remarks

48 through 49 Intentionally blank
BEA
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ONLY
FORM BE-11A (REV. 01/2018)

3260

1

0
Page 7

Part III – Financial and Operating Data of U.S. Reporter — Continued

Section E — Expenditures for Property, Plant, and Equipment (PP&E)
xPP&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.
xINCLUDE 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 U.S. Reporter from others. EXCLUDE items the U.S. Reporter has sold
under a capital lease.
xEXCLUDE from expenditures all changes in PP&E resulting from a change in the entity (e.g., due to mergers, acquisitions, divestitures, etc.) or accounting principles during FY 2017.
xFor U.S. Reporters engaged in exploring for, or developing, natural resources, INCLUDE exploration and development
expenditures made during FY 2017 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 2017.
xInsurance companies should INCLUDE expenditures WHEREVER CLASSIFIED IN THE BALANCE SHEET.
$ Bil.
Mil.
Thous.

Dols.

3480 1

50 What is the U.S. Reporter’s expenditure for new and used property, plant,
and equipment (PP&E)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

Section F — Interest and Taxes
What are the U.S. Reporter’s value(s) for:

$

51 Interest income? — Report interest received by or due to the U.S. Reporter from all payors (including
3587
affiliated persons), net of tax withheld at the source. INCLUDE all interest receipts included in 31
and 34 . Do not net against interest expensed, 52 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bil.

Mil.

Thous.

Dols.

1

000

52 Interest expensed or capitalized? — Report interest expensed or capitalized by the U.S. Reporter,
3588
paid or due to all payees (including affiliated persons), gross of tax withheld. Do not net against
interest income, 51 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

3590

1

000

53 Taxes (except income and payroll taxes) and nontax payments (other than production
royalty payments)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
xReport 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
Federal, state, and local governments, their subdivisions and agencies for —

000

— Sales, consumption, and excise taxes collected by the U.S. Reporter on goods and services the U.S. Reporter 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 (except production royalty payments for natural resources).

Section G — Banking Industry Activities
x Report assets, liabilities, and interest for banking related activities covered by ISI codes 5221 or 5229.
54 In 11 through 20 , did you report sales for ISI codes 5221 or 5229 (depository or non-depository banking)?
3600

1
1

1

Yes

2

No — Skip to 56

55 What are the U.S. Reporter’s
values for:

Total
Column
(1) = (2) + (3)

$

Bil.

(1)
Mil.

Thous.

Dols. $

3601 1

Banking
Activities in
ISI codes 5221
or 5229
(2)
Bil.
Mil.
Thous.

Dols. $

2

3602 1

000
2

3603 1

000
2

Interest income? —
Column (1) equals 51 . . . . . . . . . . . . . . . . . .

000
2

Interest expensed or capitalized? —
Column (1) equals 52 . . . . . . . . . . . . . . . . . .

000
3

000

3604 1

000
3

000

Liabilities? — Column (1) equals 46 . . . . . . .

Dols.

3

000

Assets? — Column (1) equals 45 . . . . . . . . .

All Other
(3)
Bil.
Mil. Thous.

000
3

000

000

000

Remarks

BEA
USE
ONLY
Page 8

3486

1

2

3

0
FORM BE-11A (REV. 01/2018)

Part III – Financial and Operating Data of U.S. Reporter — Continued

Section H — Insurance

Reporter ID

Insurance Industry Activities — Premiums earned and losses incurred

x Report premiums earned and losses incurred for insurance related activities covered by ISI codes 5243 (Insurance carriers,
except life insurance carriers) and 5249 (Life insurance carriers).
56 Of the total sales and gross operating revenues reported in 22 , column (2), were any of the sales or revenues
generated by insurance related activities covered by ISI codes 5243 or 5249?
3591

1
1

1

Yes — Answer 57 and 58

2

No — Skip to 59

What are the U.S. Reporter’s values for:
57 Premiums earned? — Report premiums, gross of commissions, included in revenue during the
reporting year. Calculate as direct premiums written (including renewals) net of cancellations,
$
plus reinsurance premiums assumed, minus reinsurance premiums ceded, plus unearned
premiums at the beginning of the year, minus unearned premiums at the end of the year.
3592 1
EXCLUDE all annuity premiums. Also EXCLUDE premiums and policy fees related to universal and
adjustable life, variable and interest-sensitive life, and variable-universal life policies. . . . . . . . . . . . . . . . . . . . . . . . . . .
58 Losses incurred? — Report losses incurred for the insurance products covered by 57 above.
EXCLUDE loss adjustment expenses and losses that relate to annuities. Also EXCLUDE losses
3593
related to universal and adjustable life, variable and interest-sensitive life, and variable-universal
life polices . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bil.

Mil.

Thous.

Dols.

000

1

000

xFor property and casualty insurance, calculate as net losses paid during the reporting year, minus net unpaid
losses at the beginning of the year, plus net unpaid losses at the end of the year. In the calculation of net
losses, INCLUDE losses on reinsurance assumed from other companies and EXCLUDE losses on reinsurance
ceded to other companies. Unpaid losses include both case reserves and losses incurred but not reported.
xFor life insurance, losses reflect policy claims on reinsurance assumed or on primary insurance sold, minus losses
recovered from reinsurance ceded, adjusted for changes in claims due, unpaid, and in the course of settlement.

Section I — Technology
Research and development (R&D) expenditures in 59 pertains only to R&D performed by the U.S. Reporter, whether for its own
account or for others. INCLUDE the cost of R&D performed by the U.S. Reporter and allocated to its foreign affiliate. (DO NOT report such
allocated R&D costs on Form BE–11B, 33 .) Also, INCLUDE R&D financed by the Federal Government. EXCLUDE the cost of any R&D funded
by the Reporter but performed by others.
Research and development (R&D) expenditures — R&D is 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).
R&D EXCLUDES expenditures for:
xCosts for routine product testing, quality control, and technical services unless they are an integral part of an R&D project
xMarket research
xEfficiency surveys or management studies
xLiterary, artistic, or historical projects, such as films, music, or books and other publications
xProspecting or exploration for natural resources
Definitions for Basic Research, Applied Research, and Development
x 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.
x 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.
x 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.
xR&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 that are not a part of an R&D organization.
xINCLUDE 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.
xEXCLUDE capital expenditures, expenditures for tests and evaluations once a prototype becomes a production model, patent expenses, and
income taxes and interest.
$
3694

Bil.

Mil.

FORM BE-11A (REV. 01/2018)

3599

1

Dols.

000

59 What is the U.S. Reporter’s expenditure for research and development that it performed? . . . . .
BEA
USE
ONLY

Thous.

1

2

0
Page 9

Part IV – Exports and Imports By the U.S. Reporter
See Instruction Booklet, Part V.
IMPORTANT NOTES
Report exports and imports of goods by the U.S. Reporter in FY 2017.
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 U.S. Reporter by, or charged by the U.S. Reporter to,
a foreign person.
U.S. Reporters 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 data
on a “charged” basis to approximate a “shipped” basis. The data should
INCLUDE goods only; they should EXCLUDE services.
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.
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.

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).
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.
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).

60 On what basis were the trade data in this section prepared? — Mark (X) one.
4101

1
1
1

1

“Shipped” basis.

2

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

3

“Charged” basis with adjustments to correct for material differences between the “charged” and
“shipped” bases.
Shipped to its
foreign affiliates
(2)

TOTAL
(1)

EXPORTS OF GOODS BY THIS U.S. REPORTER
(Valued f.a.s. U.S. port)

$ Bil.
4102

Mil.

Thous. Dols. $ Bil.

Mil.

Thous. Dols. $ Bil.

Mil.

Shipped by
other foreigners
(3)

Thous. Dols. $ Bil.

2

62 What is the value of the total goods shipped in
FY 2017 to this U.S. Reporter by foreigners? . . . . . . .

000

Shipped by its
foreign affiliates
(2)

1

Thous. Dols.

000

(1)
$ Bil.

Mil.

3

000
TOTAL

4103

Thous. Dols. $ Bil.

2

1

61 What is the value of the total goods shipped in
FY 2017 by this U.S. Reporter to foreigners? . . . . . . .

IMPORTS OF GOODS BY THIS U.S. REPORTER
(Valued f.a.s. foreign port)

Mil.

Shipped to
other foreigners
(3)

Mil.

Thous. Dols.

3

000

000

000

Remarks

BEA
USE
ONLY
Page 10

4104

1

2

3

4

5

4105

1

2

3

4

5

FORM BE-11A (REV. 01/2018)

2017 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
FORM BE-11A
ADDITIONAL INSTRUCTIONS BY ITEM
Authority — This survey is being conducted pursuant to the International Investment and Trade in Services Survey Act (P.L. 94-472., 90 Stat. 2059, 22
U.S.C 3101-3108, as amended, hereinafter “the Act”), and the filing of reports is MANDATORY pursuant to Section 5(b)(2) of the Act (22 U.S.C. 3104).
Penalties — Whoever fails to report shall be subject to a civil penalty of not less than $2,500, and not more than $25,000, and to injunctive relief
commanding such person to comply, or both. Whoever willfully fails to report shall be fined not more than $10,000 and, if an individual, may be imprisoned
for not more than one year, or both. Any officer, director, employee, or agent of any corporation who knowingly participates in such violations, upon
conviction, may be punished by a like fine, imprisonment, or both (22 U.S.C. 3105). These civil penalties are subject to inflationary adjustments. Those
adjustments are found in 15 C.F.R. 6.4.
Notwithstanding any other provision of the law, no person is required to respond to, nor shall any person be subject to 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 BE-11 report (comprising Form BE-11A and Form(s) BE-11B, BE-11C, and/or
BE-11D) is estimated to average 86 hours per response. This burden includes 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 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 0608-0053, Washington, DC 20503.
Confidentiality — The Act provides that your report to this Bureau is confidential and may be used only for analytical or statistical purposes. Without
your prior written permission, the information filed in your report cannot be presented in a manner that allows it to be individually identified. Your report
cannot be used for purposes of taxation, investigation, or regulation. Copies retained for 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.

Part III — Financial and Operating Data of
U.S. Reporter
Section B — Distribution of Sales or Gross Operating
Revenues ( 38 — 40 )
38 Sales of goods — Goods are normally economic outputs that are
tangible. Report as sales of goods:
• Mass produced media, including exposed film, video tapes, DVDs,
audio tapes, and CDs.
• Books. NOTE: Book publishers — To the extent feasible, report as
sales of services all revenues associated with the design, editing,
and marketing activities necessary for producing and distributing
books that you both publish and sell. If you cannot unbundle (i.e.,
separate) these revenues from the value of the books you sell, then
report your total sales as sales of goods or services based on the
activity that accounts for a majority of the value.
• Energy trading activities where you take title to the goods. NOTE: If
you act in the capacity of a broker or agent to facilitate the sale of
goods and you do not take title to the goods, report your revenue
(i.e., commissions) as sale of services in 39 .
• Magazines and periodicals sold in retail stores. NOTE: Report
subscription sales as sales of services in 39 .

• Mass produced audiovisual media that are delivered electronically,
including film, music, manuscripts, or other digital content.
• Commissions earned by agents or brokers (i.e., wholesalers) who
act on behalf of buyers and sellers in the wholesale distribution of
goods. NOTE: Agents or brokers do not take title to the goods
being sold.
• Magazines and periodicals sold through subscriptions. NOTE:
Report magazines and periodicals sold through retail stores, as
sales of goods in 38 .
• Newspapers.
• Pipeline transportation.
• Software downloaded from the Internet, electronic mail, an Extranet,
an Electronic Data Interchange network, or some other online system.
• Computer systems design and related services.
• Negotiated licensing fees for software to be used on networks.
Licensing fees associated with rights to reproduce or distribute
software.
• Electricity transmission and distribution, natural gas distribution, and
water distribution.
Report the source of real estate rental income in 35 through 37
based on the location of the property.

• Packaged general use computer software.
• Structures sold by businesses in real estate.
• Revenues earned from building structures by businesses in
construction.
• Electricity, natural gas, and water. NOTE: Revenues derived from
transmitting and/or distributing these goods, as opposed
to revenues derived from the sale of the actual product, should
to the extent feasible, be reported as sales of services in 39 .
39 Sales of services — Services are normally economic outputs that
are intangible. Report as sales of services:
• Advertising revenue.

40 Investment income — Report dividends and interest generated by
finance and insurance activities as investment income. NOTE: Report
commissions and fees as sales of services in 39 .
Finance or insurance companies that include investment income in
gross operating revenues should report the source of such investment
income in 35 through 37 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.

• Commissions and fees earned by companies engaged in finance and
real estate activities.

FORM BE-11A (REV. 01/2018)

Page 11

Special Instructions for Dealers in Financial Instruments, Finance Companies,
Insurance Companies, and Real Estate Companies
A. Certain gains (losses) ( 32 ) 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 32 :
x impairment losses as defined by FASB ASC 320 (FAS 115),
x realized gains and losses on trading or dealing,
x unrealized gains or losses, due to changes in the valuation of
financial instruments, that flow through the income statement, and
x goodwill impairment as defined by FASB ASC 350 (FAS 142).
EXCLUDE from 32 , unrealized gains or losses due to changes in
the valuation of financial instruments that are taken directly to
owners’ equity.
EXCLUDE from 32 , income from explicit fees and commissions.
INCLUDE income from these fees and commissions as operating
income in 22 and 34 and as sales of services in item 39 .
2. Real estate companies — INCLUDE in 32 :
x impairment losses as defined by FASB ASC 360 (FAS 144), and
x goodwill impairment as defined by FASB ASC 350 (FAS 142).
EXCLUDE from 32 the revenues earned and expenses incurred
from the sale of real estate you own. Such revenues should be
reported as operating income in 22 and 34 and as sales of
goods in 38 .
B. Special instructions for insurance companies
1. When there is a difference between the financial and operating data
reported to stockholders and the data reported in the annual
statement to an insurance department, prepare the BE-11 on the
same basis as the annual report to the stockholders.

Page 12

Valuation should be according to normal commercial accounting
procedures, not at rates promulgated by 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 ( 34 ) — 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
realized and unrealized gains or losses that are to be reported in
32 .
b. Certain gains (losses) ( 32 ) — See Special Instructions,
A.1.
c. Sales of services ( 39 ) — INCLUDE premium income and
income from other services, if any.
Calculate premiums earned by companies engaged in insurance
activities as direct premiums written (including renewals) net
of cancellations, plus reinsurance premiums assumed, minus
reinsurance premiums ceded, plus unearned premiums at the
beginning of the year, minus unearned premiums at the end of
the year.
d. Investment income ( 40 ) — Report that portion of sales or
gross operating revenues that is investment income. However,
report any gains or losses on investments in accordance with
Special Instructions, A.1. See Additional Instructions
for Part III, Section B, 40 , on page 11 to determine the location
of the transactor of investment income.

FORM BE-11A (REV. 01/2018)