Be-11b

FORM

BE-11B

OMB No. 0608-0053: Approval Expires 10/31/2021

(REV. 12/2020)

2020 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
MANDATORY — CONFIDENTIAL

BE-11B (Report for Majority-Owned Foreign Affiliate of U.S. Reporter)
Due Date:

*Do not enter Social Security Number in Affiliate ID box

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

1 Name of U.S. Reporter of foreign affiliate – Same as 1 , Form BE-11A

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

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:

B

Affiliate ID Number*

May 31, 2021

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., Form BE-577.

be10/[email protected]
(301) 278-9418
www.bea.gov/dia
1002

Please include your Reporter Identification Number
with all requests.

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-11B for each majority-owned foreign affiliate for which the affiliate’s total assets; sales
or gross operating revenues, excluding sales taxes; or net income after provision for foreign income taxes was greater than $60 million (positive or
negative) at the end of, or for, the affiliate’s 2020 fiscal year. However, if the majority-owned affiliate is a foreign affiliate parent of another foreign affiliate
being filed on Form BE-11B or BE-11C, Form BE-11B must be filed for the foreign affiliate parent even if all of the items: total assets; sales or gross
operating revenues, excluding sales taxes; or net income after provision for foreign income taxes were less than or equal to $60 million (positive or
negative) at the end of, or for, the affiliate’s 2020 fiscal year. Certain private funds are exempt from filing the Form BE-11B. Review exemption on page 2,
Part II.B of the Form BE-11 Claim for Not Filing.
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. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bil.

1

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: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mil.

Thous.

Dols.

1

335

000

9 ___
8 . ___
7 %
___ ___

Part I — Identification of Majority-Owned Foreign Affiliate
3

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.
1 650
1 313
1 319
1007 1 601
Australia
China
Ireland
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

1042

4 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. .

0

Month
5

6

1009

What is the ending date of this foreign affiliate’s 2020 fiscal year? The foreign affiliate’s financial
reporting year that has an ending date in calendar year 2020. See Instruction Booklet, Part II.A.. . . . . . . . . . . . . . . .

Day

Year

1

2 __
0 __
2 __
0
__ __ / __ __ / __

Did the foreign business enterprise become a foreign affiliate of the U.S. Reporter during the fiscal year?
1
1010
1
Yes, and this is its initial report — Affiliate was not previously owned by the U.S. Reporter.
Month
Year
If “Yes,” did the U.S. Reporter — Mark (X) one.
3
2

Enter
1
Establish the foreign affiliate?
 date
2
___ ___ / ___ ___ ___ ___
Acquire a voting interest of 10 percent or more in an existing foreign company?
2

1
2
No

Part I — Identification of Majority-Owned 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.
Percent of ownership at close
of fiscal year

• 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.

Equity Voting
2020
2020
(1)
(2)

• Enter percent of ownership based on total voting stock, as applicable, if an incorporated affiliate, or an
equivalent interest if an unincorporated affiliate.
What is the direct ownership percent of this foreign affiliate held by:

1012

1

7 U.S. Reporter named in 1 ? — Report equity interest and voting interest. . . . . . . . . . . . . . . . . . . . . .

2

.

%
1013

8 Other foreign affiliate(s) of U.S. Reporter named in 1 ? — If entry is made here, complete 14 and 15 . . . . . . . . . . . . . . . .
1014

%

.

%

.

%

.

%

.

%

2

11 Other U.S. persons? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1017

.

2

10 Foreign affiliate(s) of other U.S. Reporter(s)? — If entry is made here, 16 must be “Yes.” . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1016

%

2

9 Other U.S. Reporter(s) of this foreign affiliate? — If entry is made here, 16 must be “Yes.” . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1015

.
2

2

12 Other foreign persons? (not reported above) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1019 2

13 What is the total directly held voting ownership interests? — Sum of 7 through 12 . . . . . . . . . . . . . . . . . . . .
1020
14 What is the indirect ownership interest held through the U.S. Reporter’s other foreign
affiliates? — If there is an entry in 8 , 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. . . . . . . . . . . . . . . .

100.0 %
2

.

%

15 What is the name of the foreign affiliate parent(s)? — If there is an entry in  8  , 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 (c) 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 and ID Number
Enter name and BEA ID Number 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 2020
(b)

1191

1

2

1192

1

2

1193

1

2

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

__ __ __ . __%

a.

__ __ __ . __%

b.

__ __ __ . __%

c.
1021

TOTAL — Must equal percentage entered in

8 . . . . . . . . . . . . . . . . . . . . . . . .

2

__ __ __ . __%

16 Do two or more U.S. persons each directly, or indirectly through another foreign affiliate, own or control at least 10
percent of this foreign affiliate’s voting rights? Mark (X) one.
1022

1

1

1

2

Yes — 9 or 10 must have an entry, and 17 must be completed. See Instruction Booklet, Part I.B.2.e.(2)

No — Skip to 19

17 If the answer to 16 is “Yes,” give name(s) and mailing address(es) of the other U.S. Reporter(s).
Name

Mailing address

18 Intentionally blank

BEA
USE
ONLY
Page 2

1025

1

2

3

4

5

1026

1

2

3

4

5

1027

1

2

3

4

5

FORM BE-11B (REV. 12/2020)

Part I — Identification of Majority-Owned Foreign Affiliate — Continued

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

1

1

Producer of goods

1

2

Seller of goods the foreign affiliate does not produce

1

3

Producer or distributor of information

1

4

Provider of services

1

5

Other – Specify
0

20 What is the MAJOR product or service involved in this activity? If a product, briefly state what is done to it, i.e., whether it
is mined, manufactured, sold at wholesale, packaged, transported, etc. (For example, “Manufacture widgets to sell at wholesale.”)
1029 0

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. A list of the
ISI codes is provided on pages 15 and 16.
• For a full explanation of each code, see the Guide to Industry Classifications for International Surveys, 2017 at www.bea.gov/naics2017.
• For an inactive foreign affiliate, enter an ISI code based on its last active period.
• Holding companies (ISI code 5512) must show total income. To be considered a holding company, income from equity investments must be more
than 50 percent of total income. In addition, normally at least 50 percent of total assets must consist of investments in affiliates. ISI code 5512 (holding
company) is an invalid classification if more than 50 percent of income generated, or expected to be generated, by an affiliate is from non-holding
company activities.
• Dealers in financial instruments and finance, insurance, and real estate companies see Special Instructions on page 14.
Sales or gross
operating revenues
(2)
$ Bil. Mil. Thous. Dols.

ISI code
(1)
What is the foreign affiliate’s industry (ISI) code(s) and value(s) for:

1030

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

1

2

1

2

1

2

1

2

1

2

1

2

1

2

000
000

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

000

23 3rd largest sales or gross operating revenues?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1033

000

24 4th largest sales or gross operating revenues?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1034

000

25 5th largest sales or gross operating revenues?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1035

000

26 6th largest sales or gross operating revenues?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1036

000

27 7th largest sales or gross operating revenues?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1037 2

000

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

29 What is the foreign affiliate’s total sales or gross operating
revenues? — Sum of 21 through 28 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

Remarks

1039

BEA
USE
ONLY

1040

FORM BE-11B (REV. 12/2020)

1

2

3

4

5

1

2

3

4

5

Page 3

Part II — Financial and Operating Data of Majority-Owned Foreign Affiliate

Section A — Employment
Report the number of employees on the payroll at the end of FY 2020 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 2020. If the number of employees at the
end of FY 2020 (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 2020. 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.
2105

Number of employees
1

30 What is the foreign affiliate’s total number of employees? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Report employee compensation expenditures made by an employer in connection with the employment of workers, including cash payments, payments-in-kind, and employer expenditures for employee benefit plans including those required by statute.
Base compensation data on payroll records. Report compensation which relates to activities that occurred during the reporting
period regardless of whether the activities were charged as an expense on the income statement, charged to inventories, or capitalized. 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.
$ 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.
0

Remarks

BEA
USE
ONLY
Page 4

2116

1

2

3

4

5

FORM BE-11B (REV. 12/2020)

Part II — Financial and Operating Data of Majority-Owned Foreign Affiliate — Continued

Section B — Research and Development
R&D is planned, creative work aimed at discovering new knowledge or developing new or significantly improved goods and services. This includes:
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 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.

R&D EXCLUDES 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
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.
$ Bil. Mil. Thous. Dols.
2155

1

000

33 What is the foreign affiliate’s expenditure for research and development performed BY this affiliate? . .

Section C — Size of Foreign Affiliate
34 Did this foreign affiliate 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 affiliate’s 2020 fiscal year?
2153

1

1

Yes — Skip to Part IV on page 7

1

2

No — Complete Part III on page 6, then continue with Part V on page 13

Remarks

BEA
USE
ONLY

2117 1

FORM BE-11B (REV. 12/2020)

2

3

4

5

Page 5

Part III — Financial and Operating Data of Majority-Owned Foreign Affiliate With
Assets, Sales, And Net Income (Loss) Less Than or Equal to $300 Million
Complete ONLY if the answer to 34 is “No.”

Section A — Income
• Report in 35 net income (loss) for the year, after provision for foreign income taxes, but before provision for common
and preferred dividends. Include income from equity investments and certain gains (losses) (net of income tax effects)
included in the determination of net income.

$ Bil. Mil. Thous. Dols.
2151

1

000

35 What is the foreign affiliate’s net income (loss)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section B — Distribution of Sales or Gross Operating Revenues
36 What are the foreign affiliate’s sales or gross operating revenues, excluding sales taxes? —
See 79 on page 10 for instructions.
2154

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

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

3

2

1

Sales to United States
To
unaffiliated
customers

To U.S.
Reporter(s)

(5)

(4)
4

Sales to other countries
To other
To
foreign
unaffiliated
affiliates of
customers
the U.S.
Reporter(s)
(6)
(7)

5

6

7

000

Section C — Balance Sheet

Balance at close
of fiscal year

Include accounts receivable and payable between the U.S. Reporter and this foreign affiliate in total assets
or total liabilities, as appropriate. Do not report them as a net amount in either account.

$ Bil. Mil. Thous. Dols.

What are the foreign affiliate’s values for:

1090

1

000

37 Total assets?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1084

1

000

38 Of which: Property, plant, and equipment, net?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1094

1

000

39 Total liabilities?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1101

1

000

40 Total owners’ equity? — Equals 37 minus 39 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Section D — Property, Plant, and Equipment (PP&E) Expenditures —

$ Bil. Mil. Thous. Dols.

See 83 on page 11 for instructions.

2157

41 What is the foreign affiliate’s expenditure for new and used property, plant,
and equipment (PP&E)? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

000

42 — 44 Intentionally blank

➙ Skip to Part V on page 13.
●
Remarks

BEA
USE
ONLY
Page 6

2159

1

2

3

4

5

FORM BE-11B (REV. 12/2020)

Part IV — Financial and Operating Data of Majority-Owned Foreign Affiliate With
Assets, Sales, or Net Income (Loss) Greater Than $300 Million
Complete ONLY if the answer to 34 is “Yes.”

Section A — Income Statement
What are the foreign affiliate’s values for:
INCOME

$ Bil. Mil. Thous. Dols.

2041
45 Sales or gross operating revenues, excluding sales taxes? — Must equal 79 , column (1).
(Dealers in financial instruments see Special Instructions, A.1., page 14; insurance companies
see Special Instructions, B.2.a., page 14.). . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

000

46 Income from equity investments in foreign affiliates? — Report income from equity investments reported
in 61 . For foreign affiliates owned 20 percent or more (including those that are majority-owned),
report equity in earnings during the reporting period; for those owned less than 20 percent, report
2042 1
dividends or distributed earnings for unincorporated affiliates. EXCLUDE interest income.
Report interest in 45 or 49 as appropriate.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2043

000

47 Income from other equity investments? — Report income from equity investments reported in 62 . . . . . . . . . . . . . . . . . . . .
48 Certain gains (losses)? — Read the following instructions carefully as they may deviate from what is normally
required by U.S. Generally Accepted Accounting Principles. Report gross amount before income tax effect.
INCLUDE income tax effect in 52 . Report gains (losses) resulting from:. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2044

000

1

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 14;
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 14;
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. Report them
in 51 ;
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 45 ;
f. Re-measurement of foreign affiliate’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. Report legal judgments
against the foreign affiliate in 51 . Report legal settlements in favor of the foreign affiliate in 49 ;
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)).

2045

1

000

49 Other income? — Report non-operating and other income not included above. Specify. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
0

2046

1

000

50 Total income? — Sum of  45 through  49 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
COSTS AND EXPENSES
2047

1

2048

1

51 Cost of goods sold or services rendered and selling, general, and administrative
expenses? — (Insurance companies see Special Instructions, B.2.c., page 14.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
52 Foreign income taxes? — Provision for foreign income taxes for FY 2020. EXCLUDE production
royalty payments and U.S. income taxes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
53 Other costs and expenses not included above? — INCLUDE noncontrolling interests in profits and losses per
2049
FASB ASC 810 (FAS 167). — Report the net effect of any minority interest in the income and expense
items as a lump sum in this item. Specify . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000
000

1

000

0

2050

1

000

54 Total costs and expenses? — Sum of   51 through 53 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
NET INCOME

2051

55 Net income (loss)? — 50 minus 54 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
FORM BE-11B (REV. 12/2020)

1

000
Page 7

Part IV — Financial and Operating Data of Majority-Owned Foreign Affiliate With
Assets, Sales, or Net Income (Loss) Greater Than $300 Million — Continued

Instructions for Section B — Balance Sheet
56 Cash and cash equivalents
• INCLUDE deposits in financial institutions and other cash items and short-term, highly liquid investments that are both readily
convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of
changes in interest rates. EXCLUDE overdrafts as negative cash, instead report overdrafts in 65 .
58 Inventories
• Land development companies should EXCLUDE land held for resale. Finance and insurance companies should EXCLUDE
inventories of marketable securities; INCLUDE these amounts in 62 .
59 Property, plant, and equipment, gross
• Report gross book value of land, timber, mineral rights and similar rights owned. Also INCLUDE structures, machinery, equipment,
special tools, deposit containers, construction–in–progress, and capitalized tangible and intangible exploration and development
costs of the foreign affiliate.
• INCLUDE items leased from others, per FASB ASC 842.
• 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 should not include assets of the U.S. Reporter held in the country of location of the affiliate that are for the
benefit of the U.S. Reporter’s policyholders.
61 Equity investments in other foreign affiliates of which this affiliate is a parent
• Report this affiliate’s equity investment in other foreign affiliates of the U.S. Reporter(s), including branches of this affiliate. (If 61
has an entry, 46 should have an entry and 96 must be completed).
62 Other assets
• INCLUDE land held for resale; other equity investments; noncurrent marketable securities; other investments; noncurrent trade
accounts and trade notes receivable, net of allowance for doubtful items; intangible assets, net of amortization; and any other assets
not reported elsewhere.
• Report credit balances in these accounts in 65 , other liabilities.
• Insurance companies see Special Instructions B.1., page 14.
64 Trade accounts and trade notes payable, current
• Insurance companies should INCLUDE current items such as loss liabilities, policy claims, commissions due, and other current
liabilities arising from the ordinary course of business, and long-term debt.
65 Other liabilities
• INCLUDE noncurrent items, deferred taxes, minority interest in consolidated subsidiaries, and long-term debt.
• Insurance companies should INCLUDE policy reserves unless they are clearly current liabilities.
• INCLUDE overdrafts, commercial paper issues, and other current liabilities not included in 64 .
67 Capital stock and additional paid-in capital
• INCLUDE common and preferred, voting and nonvoting capital stock and additional paid-in capital.
68 Retained earnings (deficit)
• INCLUDE earnings retained by the corporation and legally available for dividends, and earnings voluntarily restricted.
69 Translation adjustment
• Report the cumulative amount at year end per FASB ASC 830 (FAS 52) - For unincorporated foreign affiliates, report that
portion of 74 representing the affiliate’s cumulative translation adjustment account in 75 .
70 All other components
• INCLUDE the cumulative balance of unrealized holding gains and losses due to changes in the valuation of available-for-sale
securities per FASB ASC 320 (FAS 115) and any other comprehensive income items required to be displayed separately from
retained earnings as per FASB ASC 220 (FAS 130).

Page 8

FORM BE-11B (REV. 12/2020)

Part IV — Financial and Operating Data of Majority-Owned Foreign Affiliate With
Assets, Sales, or Net Income (Loss) Greater Than $300 Million — Continued

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

Balance at close
of fiscal year

What are the foreign affiliate’s values for:

$ Bil. Mil.

ASSETS (Insurance companies see Instructions for 59 and 62 on page 8.)

Thous. Dols.

2080 1

Cash and cash equivalents?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

57 Trade accounts and trade notes receivable, current? — Net of allowance for doubtful accounts. . . . . . . . . . . . . . . . . . . . . . .

000

58 Inventories?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

56

2081 1
2082 1
2084 1

000

59 Property, plant, and equipment — gross?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2085 1

60 Accumulated depreciation and depletion?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (

)

2086 1

000
000

61 Equity investments in other foreign affiliates of which this affiliate is a parent?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
• Report foreign affiliates owned 20 percent or more (including majority-owned affiliates) on an equity basis.
• Report foreign affiliates owned less than 20 percent in accordance with FASB ASC 320 (FAS 115) or
lower of cost or market, as appropriate.
2089

62 Other assets? — Other assets not reported elsewhere . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2090

1

000

1

000

63 Total assets? — Sum of 56 through 62 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2092

LIABILITIES (Insurance companies see Instructions for 64 and 65 on page 8.)

1

000

64 Trade accounts and trade notes payable, current? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2093

1

000

65 Other liabilities?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2094

1

000

66 Total liabilities? — Sum of 64 and 65 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2095

OWNERS’ EQUITY — Incorporated affiliate only, complete 67 through 73

1

000

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

1

000

68 Retained earnings (deficit)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Balance at close
of fiscal year
$ Bil. Mil. Thous. Dols.

Accumulated other comprehensive income (loss)

2097 1

000

69 Translation adjustment component? . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2098 1

000

70 All other components?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

2099

1

2100

1

71 Total accumulated other comprehensive income (loss)? —
Equals sum of 69 and 70 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
72 Other? — INCLUDE treasury stock and involuntarily (or legally) restricted earnings, and
noncontrolling interests per FASB ASC 810 (FAS 167). — Specify. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000
000

0

2101

1

73 Total owners’ equity (incorporated foreign affiliate)? —
Equals 63 minus 66 , and equals the sum of 67 , 68 , 71 , and 72 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
OWNERS’ EQUITY — Unincorporated affiliate only, complete 74 and 75

2102

74 Total owners’ equity (unincorporated foreign affiliate)? —
Equals 63 minus 66 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2103

000
1

000

1

000

75 Translation adjustment?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
BEA
USE
ONLY

2104

FORM BE-11B (REV. 12/2020)

1

2

3

4

5

Page 9

Part IV — Financial and Operating Data of Majority-Owned Foreign Affiliate With
Assets, Sales, or Net Income (Loss) Greater Than $300 Million — Continued

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

$ Bil. Mil. Thous. Dols.

76 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 45 and 49 .
Do not net against interest expensed, 77 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

2125

1

2127

1

77 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, 76 . . . . . . . . . . . . . . . . . . . .

78 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
000
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).

Section D — Distribution of Sales or Gross Operating Revenues
• 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 48 .
• Finance and leasing companies with ISI codes 5221, 5223, 5224, 5229, 5231, 5238, 5252, or 5331 report interest income as sales and
investment income.
• Insurance companies with ISI codes 5243 or 5249 report gross investment income as sales. Also see Special Instructions,
B.2.a., d., and e., page 14.
• Distribute sales or gross operating revenues among three categories — sales of goods, sales of services, and investment income. See
Additional Instructions on page 14 at the back of this form.
• For the purpose of this distribution, “goods” are normally economic outputs that are tangible and “services” are normally economic outputs that
are intangible.
• When 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 a majority of the value. Give best estimates if actual figures are not available.
What is the
foreign
affiliate’s
value for:

Local sales

79 Sales or gross
operating
revenues,
excluding sales
taxes?

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

a. Column (1)
equals 45 .

(1)
b. Each column
of 79
$ Bil. Mil. Thous. Dols.
equals the
3054 1
sum of 80 ,
81 , and 82 .
000

BY TYPE
80 Sales of
goods?

3055

BEA
USE
ONLY
Page 10

Sales to other countries

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

To
unaffiliated
customers

To U.S.
Reporter(s)

To
unaffiliated
customers

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

To
unaffiliated
customers

(2)

(3)

(4)

(5)

(6)

(7)

2

3

4

5

6

7

2

3

4

5

6

7

2

3

4

5

6

7

2

3

4

5

6

7

000
3056

1

3057

1

81 Sales of services,
including intellectual
property rights?
82 Investment
income?

1

Sales to United States

000
000

2134

1

2

3

4

5

FORM BE-11B (REV. 12/2020)

Part IV — Financial and Operating Data of Majority-Owned Foreign Affiliate With
Assets, Sales, or Net Income (Loss) Greater Than $300 Million — Continued

Section E — Property, Plant, and Equipment (PP&E) Expenditures, and Depreciation
• 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). 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 leased from others.
• 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 2020.
• For foreign affiliates engaged in exploring for, or developing, natural resources, INCLUDE exploration and development
expenditures made during FY 2020 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 2020.
• Insurance companies should INCLUDE expenditures WHEREVER CLASSIFIED IN THE BALANCE SHEET
(i.e., INCLUDE expenditures that have been classified in “other noncurrent assets”).
$ Bil. Mil. Thous. Dols.
3109 1

What are the foreign affiliate’s values for:

000

83 Expenditures for new and used property, plant, and equipment (PP&E)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3111 1

84 Current-period depreciation and depletion? – Current-period charges against property, plant, and equipment
included in 60 .. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

85 Were total assets and/or total liabilities affected by implementation of FASB ASC 842 Lease Accounting?
.

3116

1

1

Yes

1

2

No

Section F — Change in Retained Earnings of Incorporated Foreign Affiliate or in Total Owners’ Equity
of Unincorporated Foreign Affiliate

$ Bil. Mil. Thous. Dols.

What are the foreign affiliate’s values for:

3117 1

86 Retained earnings (deficit), close FY 2019 before restatement due to a change in the entity or a change in accounting
methods or principles, if any? – For an unincorporated affiliate, this item equals close FY 2019 owners’ equity.. . . . . . . . . . . .

000

Changes during FY 2020
3118 1
87 Restatement due to a change in the entity (i.e., due to mergers, acquisitions, divestitures, etc.) or due to a
change in accounting methods or principles? — Specify reasons for change . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

000

0
3119 1

000

88 Net income (loss)? — Enter amount from 55 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3120 1

000

89 Dividends or net income remitted to owners?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Incorporated affiliate — Enter amount of dividends declared, before deduction of withholding taxes, out of

current- and prior-period income on common and preferred stock during FY 2020.

EXCLUDE stock and liquidating dividends.
Unincorporated affiliate — Enter amount of current- and prior-period net income remitted to owners during FY 2020.

3122 1

000

90 Other increases (decreases)?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
• Enter other increases (decreases) in retained earnings of an incorporated affiliate, including stock
dividends and liquidating dividends, or in total owners’ equity of an unincorporated affiliate, including
capital contributions (return of capital) — Specify
0

3123 1

91 Retained earnings (deficit), close FY 2020? – Sum of 86 , 87 , 88 , and 90 , minus 89 . Also, for an
incorporated affiliate, this item equals 68 . For an unincorporated affiliate, this item equals 74 .. . . . . . . . . . . . . . . . . . . . . .

000

Remarks

BEA
USE
ONLY

3069

FORM BE-11B (REV. 12/2020)

1

2

3

4

5

Page 11

Part IV — Financial and Operating Data of Majority-Owned Foreign Affiliate With
Assets, Sales, or Net Income (Loss) Greater Than $300 Million — Continued

Section G — Insurance Industry Activities — Premiums earned and losses incurred
92 Of the total sales and gross operating revenues reported in 29 , column (2), were any of the sales or
revenues generated by insurance related activities covered by ISI codes 5243 (Insurance carriers, except
direct life insurance carriers) or 5249 (Direct life insurance carriers)?
2113

1

1

Yes — Answer 93 and 94

1

2

No — Skip to 95

What are the foreign affiliate’s values for:
93 Premiums earned? — Report premiums, gross of commissions, included in revenue during the reporting year.
$ Bil. Mil. Thous. Dols.
Calculate as direct premiums written (including renewals) net of cancellations, plus reinsurance premiums assumed,
2114 1
minus reinsurance premiums ceded, plus unearned premiums at the beginning of the year, minus unearned
premiums at the end of the year. EXCLUDE all annuity premiums. Also EXCLUDE premiums and policy fees related
000
to universal and adjustable life, variable and interest-sensitive life, and variable-universal life policies . . . . . . . . . . . . . . . . . . .
94 Losses incurred? — Report losses incurred for the insurance products covered by 93 . EXCLUDE loss adjustment 2115
expenses and losses that relate to annuities. Also EXCLUDE losses related to universal and adjustable life, variable
and interest-sensitive life, and variable-universal life policies.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

000

• For 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.
• For 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 H — List of Foreign Affiliates Directly–Owned but not Fully Consolidated
95 Does this foreign affiliate have a direct equity interest in other foreign affiliates, including
branches of this affiliate, that are not fully consolidated in this BE-11B?
1004

1

1

Yes – 46 and  61 must have an entry and  96 must be completed

1

2

No – Skip to 97

96 What foreign affiliates are directly-owned but are not fully consolidated on this form?

5002

0

5003

0

5004

0

5005

0

5006

0

5007

0

5008

0

5009

0

Name of each foreign affiliate, as taken
from 2 of the Form BE-11B or
BE-11C or as listed on Form BE-11D, in
which the reporting affiliate holds a
direct equity interest

BEA Affiliate ID Number taken from
the Form BE-11B or BE-11C of each
foreign affiliate named in column (1)

(1)

(2)

Percentage of direct ownership
in the foreign affiliate listed in
column (1) held by the foreign
affiliate named in 2
BEA USE ONLY

Percentage of ownership at
close of FY 2020
(4)

(3)

2

4

— — — — — — -— — — — - —
2
— — — — — — -— — — — - —

4

— — — — — — -— — — — - —
2
— — — — — — -— — — — - —
2

4
4

2

4

— — — — — — -— — — — - —
2
— — — — — — -— — — — - —

4

2

4

— — — — — — -— — — — - —
2
— — — — — — -— — — — - —

4

___ ___ ___ . ___ %
___ ___ ___ . ___ %
___ ___ ___ . ___ %
___ ___ ___ . ___ %
___ ___ ___ . ___ %
___ ___ ___ . ___ %
___ ___ ___ . ___ %
___ ___ ___ . ___ %

Continue listing onto as many copied pages as needed.
BEA
USE
ONLY
Page 12

3124

1

2

3

4

5

FORM BE-11B (REV. 12/2020)

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

Report U.S. exports of goods to and U.S. imports of goods from the
foreign affiliate in FY 2020. 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.

See Instruction Booklet, Part V.

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

1

1

“Shipped” basis.

1

2

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

1

3

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

TOTAL
(1)

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

$ Bil.
4173

98 What is the value of the total goods shipped in
FY 2020 from the United States to this affiliate? . . .

Mil. Thous. Dols. $ Bil.

4178

99 What is the value of the total goods shipped in
FY 2020 to the United States 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-11B (REV. 12/2020)

1

2

3

4

5

Page 13

2020 ANNUAL SURVEY OF U.S. DIRECT INVESTMENT ABROAD
FORM BE-11B — ADDITIONAL INSTRUCTIONS BY ITEM
Part IV, Section D — Distribution of Sales or Gross Operating Revenues

• Newspapers and periodicals sold through subscriptions, whether
by mail, electronic subscription, or other means. NOTE: Report bulk
79 — 82
sales as sales of goods in 80 .
Disaggregate the total sales or gross operating revenues into sales of
• Transportation, including by air, rail, tanker, truck, or pipeline, and
goods, sales of services, and investment income.
warehousing.
80 Sales of goods — Goods are normally economic outputs that are
• Income from transactions in intellectual property, including franchise
tangible. Sales of goods includes, but are not limited to:
fees and the rights to use, reproduce, and/or distribute intellectual
property, including:
• Mass produced media, including exposed film, video tapes, DVDs,
audio tapes, and CDs.
- patents, process, trade secrets, and trademarks;
• Books. NOTE: Report revenues associated with the design, editing, and
- books or music, recorded performance and events, and broadcasting
marketing activities for producing and distributing books that you publish
live performance and events, excluding on physical media;
and sell as sales of services.
- general use computer software, excluding on physical media.
• Energy trading activities where you take title to the goods.
• Computer services, including sales of customized software, cloud
NOTE: If you act in the capacity of a broker or agent to facilitate
computing and data storage services.
the sale of goods and you do not take title to the goods, report your
• Electricity, natural gas, and water transmission and distribution.
revenue (i.e., commissions) as sale of services in 81 .
• Report fees or commissions earned from operating electronic markets
• Bulk sales of newspaper and periodicals sold in retail stores. NOTE:
or platforms that bring together buyers and sellers using the Internet
Report subscription sales as sales of services in 81 .
or other electronic means, without taking ownership of the goods nor
• Packaged general use computer software.
providing the services being sold.
• Structures sold by businesses in real estate.
• Mining service including drilling wells, exploration, and surveying.
• Revenues earned from building structures by businesses in construction.
Includes both initiated and proposed projects.
• Electricity, natural gas, and water. NOTE: Revenues derived from
• Real estate rental income. NOTE: report in columns (2) through (7)
transmitting and/or distributing these goods, as opposed to revenues
based on location of the property.
derived from the sale of the actual product, should be reported as
82 Investment income — Report dividends and interest generated
sales of services in 81 .
by finance and insurance activities as investment income. NOTE:
81 Sales of services, including intellectual property rights —
Report commissions and fees as sales of services in 81 .
Services are normally economic outputs that are intangible. Sales of
Finance or insurance companies that include investment income in
services include, but are not limited to:
gross operating revenues should report the source of such investment
• Advertising revenue, including placement of ads in print, broadcast, or
income in columns (2) through (7) based on the location of the issuer of
digital media.
the financial instrument whether publicly issued or privately placed. If the
• Commissions and fees earned by companies engaged in finance and
location of the issuer is unknown, then substitute the nationality of the
real estate activities.
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
• Commissions earned by agents or brokers (i.e., wholesalers) who act on
the investment (financial instrument or real estate) use the country of
behalf of buyers and sellers in the wholesale distribution of goods. NOTE:
location of the intermediary.
Agents or brokers do not take title to the goods being sold.

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 48 :
• 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 48 , unrealized gains or losses due to changes in
the valuation of financial instruments that are taken to other
comprehensive income. Reflect such changes in 70 (all other
components of accumulated other comprehensive income (loss)).
EXCLUDE from 48 , income from explicit fees and commissions.
INCLUDE income from these fees and commissions as operating
revenue in 29 and 45 and as sales of services in 81 .
2. Real estate companies — Include in 48 :
• 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 29 , 45 and 79 and as sales of goods in
80 . Such expenses, including the net book value of the real
estate sold, should be reported as cost of goods sold in 51 . Do
not net the expenses against the revenues.
B. Special instructions for insurance companies
1. When there is a difference between the financial and operating data
reported to the stockholders and the data reported in the annual
statement to an insurance department, prepare the BE-11 on the
same basis as the annual report to the stockholders.
Valuation should be according to normal commercial accounting
procedures, not at rates promulgated by national insurance departments,
Page 14

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 ( 45 ) — INCLUDE items such as earned premiums,
annuity considerations, gross investment income, and items of a
similar nature. EXCLUDE income from equity investments in
unconsolidated business enterprises that is to be reported in
46 and EXCLUDE certain gains or losses that are to be
reported in 48 .
b. Certain gains (losses) ( 48 ) — See Special
Instructions, A.1.
c. Cost of goods sold or services rendered and selling,
general, and administrative expenses ( 51 ) —
INCLUDE costs relating to sales or gross operating revenues,
such as policy losses incurred, death benefits, matured
endowments, other policy benefits, increases in liabilities for future
policy benefits, and other underwriting expenses.
d. Sales of services ( 81 , column 1) — INCLUDE premium
income and income from other services, if any.

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

e. Investment income ( 82 , column 1) — Report that
portion of sales or gross operating revenues that is investment
income. However, report any gains or losses on investments, in
accordance with Special Instructions, A.1. See Additional
Instructions for Part IV, Section D, 82 , above to determine
the location of the transactor of investment income.
FORM BE-11B (REV. 12/2020)

Summary of Industry Classifications
For a full explanation of each code see www.bea.gov/naics2017
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
Bakery products 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-11B (REV. 12/2020)

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
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 hand tools
3323 Architectural and structural metals
3324 Boilers, tanks, and shipping containers
3325 Hardware
3326 Spring and wire products
3327 Machine shop products, 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 vehicle 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
For a full explanation of each code see www.bea.gov/naics2017
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
5173 Wired and wireless telecommunication
carriers
5174 Satellite telecommunications
5179 Other telecommunications
5182 Data processing, hosting, and related
services
5191 Other information services
Finance and Insurance

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

5221 Depository credit intermediation (Banking)
5223 Activities related to credit intermediation
5224 Non-depository credit intermediation,
except branches and agencies
5229 Non-depository branches and agencies
5231 Securities and commodity contracts
intermediation and brokerage
5238 Other financial investment activities and
exchanges
5242 Agencies, brokerages, and other
insurance related activities
5243 Insurance carriers, except direct life
insurance carriers
5249 Direct life insurance carriers
5252 Funds, trusts, and other financial vehicles

Management of Companies and
Enterprises

Real Estate and Rental and Leasing

5616
5617
5619
5620

5310
5321
5329
5331

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

Page 16

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

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-11B (REV. 12/2020)