Quarterly Financial Report (QFR)

U.S. DEPARTMENT OF COMMERCE

QFR-300(SI)

INSTRUCTIONS AND DEFINITIONS – Continued

(09-29-2021)

U.S. CENSUS BUREAU

INSTRUCTIONS AND DEFINITIONS
9 SCHEDULE B1 – BALANCE SHEET – ASSETS –

LINE E-3 – Current portion of other long-term debt.
Include the current portion of all other long-term debt, such as
loans payable to shareholders, inter-company loans payable to
nonconsolidated entities, and loans from finance or insurance
companies, and finance leases. Do not include any long-term
portion or the current portion of operating leases. Report the
long-term portion of other long-term debt in 10 line G-3 and the
current portion of operating leases in 10 line F.

Cont.
LINE I – All other noncurrent assets. Include
investments in nonconsolidated entities including foreign
operations, other noncurrent assets including noncurrent
marketable securities and intellectual property (i.e., patents,
copyrights, goodwill), capitalized costs (film, software, etc.),
deferred charges, cash surrender value of life insurance, and
long-term receivables and operating leases.

LINE F – All other current liabilities. . Report excise and
sales taxes, withholding taxes, other accrued expenses, and the
current portion of operating leases. This line item should include
all current liabilities other than debt, corporate income taxes,
and trade accounts and trade notes payable.

LINE J – Total assets. Report the sum of 9 lines A-1
through F, G-4, H, and I. 9 line J must be equal to 10 line J,
Total Liabilities and Stockholders’ Equity.
10 SCHEDULE B2 – LIABILITIES AND

STOCKHOLDERS’ EQUITY
LINE A-1 – Short-term loans from banks. Report all
short-term borrowing (including overdrafts and revolving loans
that are not renewable after one year) from commercial banks.
Do not include the current portion of long-term bank debt.
Report the current portion of long-term bank debt in 10 line E-1.

LINE G-1 – Long-term bank debt, due in more than
one year. Include the long-term portion of debt from
commercial banks only. Include revolving loans from
commercial banks that are renewable after one year. Report the
current portion of long-term debt in 10 line E-1 and revolving
loans that are not renewable after one year in 10 line A-1.
LINE G-2 – Long-term bond and debenture debt,
due in more than one year. Include the amount of bonds
and debentures that will not be redeemed within one year.
Report the amount of bonds and debentures that will be
redeemed within one year in 10 line E-2.

LINE A-2 – Commercial paper. Include all issues of
commercial paper.
LINE A-3 – Other short-term loans. Report all other
shortterm debt from sources other than those in 10 lines A-1
and A-2. Do not include the current portion of other long-term
debt. Report the current portion of other long-term debt in 10
line E-3.

LINE G-3 – Other long-term debt, due in more than
one year. . Include the long-term portion of all other long-term
debt, such as loans payable to shareholders, inter-company
loans payable to nonconsolidated entities, loans from finance or
insurance companies, and finance leases. Do not include any
current portion of debt or the long-term portion of operating
leases. Report the current portion of debt in 10 line E-3 and the
long-term portion of operating leases in 10 line H.

LINE B – Advances and prepayments by the U.S.
Government. Include the current balance of advances and
prepayments arising from direct contract work for the U.S.
Government.
10 Report advances and prepayments from all other
sources in
line F.
LINE C – Trade accounts and trade notes payable.
Report balances outstanding of all invoices and notes payable
for the purchase of goods and services. Do not include
payables for taxes or other accrued expenses as these are
shown elsewhere.

LINE H – All other noncurrent liabilities. Include
noncurrent deferred taxes, other deferred credits, (minority
stockholders’ interest), and the long-term portion of operating
leases. Also include in 10 line H, all outstanding issues of
redeemable preferred stock.

LINE D-1 – Federal income taxes accrued, prior
and current years. Include the current balance of
U.S. Federal corporate income tax owed, less payments of
estimated taxes. If payments exceed accruals, report it as a
negative (debit) balance, unless the corporation has applied for
a refund. Report income tax refunds due in 9 line F. Report
noncurrent deferred income taxes in 10 line H.
LINE D-2 – State and local income taxes accrued,
prior and current years. Report the balance owed for
state or local income tax or franchise tax, net of payments. If
payments exceed accruals, report it as a negative (debit)
balance, unless the corporation has applied for a refund.
Report income tax refunds due in 9 line F. Report noncurrent
deferred income taxes in 10 line H.

A. Purpose of the Survey – The purpose of this survey is
to provide comprehensive and timely information on business
financial conditions. Each corporation’s response is an
important component in the overall assessment of the health of
our Nation’s economy. The information you provide will be used
to prepare national measures of corporate profits and to
formulate fiscal and monetary policy.
B. Survey Scope – This survey collects income statement
and balance sheet data for domestic corporations that have a
plurality of sales activity in service industries.
C. Survey Period and Due Date – Report data for the
most recent 3-month period as indicated on the address side of
the form. The questionnaire is due to be returned to the U.S.
Census Bureau within 25 days after the end of the period
requested.
D. Estimates Are Acceptable – The data requested on
this form may not be available by the due date of the form or
may not correspond to your company’s accounting records. In
these instances, your carefully prepared estimates are an
acceptable substitute for actual data. If you need assistance in
completing the form or have specific questions regarding
specific items, or would like to correspond with our staff, enroll
in Secure Messaging Center at the following Website:
econhelp.census.gov/qfr/contactus. You can also call
our staff at our toll-free number at
1 (800) 272–4250 or (301) 763–3359.
E. Filing Instructions

LINE I-1 – Capital stock and other capital. Include all
classes of capital stock and paid-in-capital, except redeemable
preferred stock. Report redeemable preferred stock in 10 line H.
LINE I-2 – Retained earnings. This must be the same as
8 line S.

2. Facsimile – If you choose not to file by internet
reporting, fax the completed form toll-free to
1 (800) 447–4613.

LINE I-3 – Cumulative foreign currency translation
adjustment. Include the balance of the cumulative translation
adjustment for foreign balance sheets.

3. Mail to – U.S. Census Bureau, 1201 East 10th Street,
Jeffersonville, IN 47132-0000.

LINE I-4 – Other stockholders’ equity items. Include
unearned compensation and ESOP debt guarantees.
LINE I-5 – Treasury stock. Include the total cost of the
company’s stock that has been repurchased and held in the
treasury.

LINE E-2 – Current portion of bonds and debentures.
Include the amount of bonds and debentures that will be
redeemed within a year. Report the amount of bonds and
debentures that will not be redeemed within a year in 10 line
G-2.

LINE J – Total Liabilities and Stockholders’ Equity.
Report the sum of 10 lines A-1 through H and I-6. 10 line J
must be equal to 9 line J, Total Assets.

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SECTION 1 – GENERAL INFORMATION

1. Internet Reporting – This option is our preferred
method of collecting data. Internet reporting is available for
all companies. Your username and password are located on
the form. Visit econhelp.census.gov/qfr to log on and
report.

LINE E-1 – Current portion of long-term debt from
banks. Include the current portion of long-term debt due to
commercial banks only. Report the long-term portion of bank
debt in 10 line G-1.

QFR-300(SI) (09-29-2021)

INTRODUCTION – These instructions and definitions will
assist you in completing your Quarterly Financial Report (QFR).
Section 1 provides general information about the QFR survey.
Section 2 provides instructions and definitions relating to the
addressed side of the form. Section 3 provides item specific
instructions and definitions relating to the financial side of the
form. QFR information is also available at the following
Website: census.gov/econ/qfr.

PLEASE DO NOT MAIL IN YOUR SURVEY FORM –
If you submit electronically or by fax, DO NOT ALSO mail in
a form. This can create a duplicate form in our system.
Important Note – In all correspondence or additional
attachments, include your 10-digit Username located on the
front of the form.
File Copies – Copies retained in respondents’ files are
immune from legal process. It is recommended that a copy of
the completed form be retained for your company records.
F. Filing Extensions – If you cannot complete the
questionnaire by the due date, request an extension by phone
toll-free at 1 (800) 272–4250 or (301) 763–3359.

G. Legal Authority and Confidentiality of Data –
Title 13 United States Code (U.S.C.), Section 91, authorizes
this collection and requires your response. The U.S. Census
Bureau is required by Section 9 of the same law to keep
your information confidential and can use your responses
only to produce statistics. The Census Bureau is not
permitted to publicly release your responses in a way that
could identify your business organization, or institution. Per
the Federal Cybersecurity Enhancement Act of 2015, your
data are protected from cybersecurity risks through
screening of the systems that transmit your data.
H. Burden Hour Estimate – This collection has been
approved by the Office of Management and Budget (OMB).
The eight-digit OMB approval number is 0607-0432 and
appears at the upper right of the survey form/login screen.
Without this approval, we could not conduct this survey. We
estimate this survey will take an average of 3 hours to
complete, including the time for reviewing instructions,
searching existing data sources, gathering and maintaining
the data needed, and completing and reviewing the
collection of information. You may email comments
regarding this burden estimate or any other aspect of this
collection of information, including suggestions for reducing
this burden, to [email protected]. Be sure to use "EID
Survey Comments 0607-0432" as the subject.
SECTION 2 – INSTRUCTIONS FOR SELECT LINE
ITEMS ON ADDRESSED SIDE OF FORM
2 a. and b. Annual closing date and the Federal
Employer Identification Number (FEIN) – Provide the
current Annual closing date and the FEIN of the addressed,
reporting corporation.

If there are changes from the prior quarter for the Annual
closing date or the FEIN, attach a separate sheet noting the
circumstances of the change and the current status of the
former FEIN.
3 Corporation Status – Reporting companies operating
under bankruptcy protection are still required to file. The reports
need to be filed on a properly consolidated basis including any
subsidiary operating under bankruptcy protection. (See
Consolidation Rules in 5 below.) Please note if any operations
have been discontinued. If the company is unable to comply
with the reporting requirements because the books of the
ongoing operations are under the control of a court appointed
trustee, etc., please explain on a separate sheet. (Include your
10-digit Username on all attached information.)
4 Parent Corporation – Give the corporate name, FEIN,
and address of any parent domestic company (owns more than
50 percent of voting securities). If there are multiple tiers of
ownership, give the highest U.S. corporation as the parent.
Note changes from previously reported parent companies giving
all tiers in the ownership chain. This will help us determine the
reporting level and eliminate duplication of coverage.
5 Consolidation Rules – Fully consolidate the operations
of every domestic corporation (including 1120S corporations)
that are taxable under the U.S. Internal Revenue Code and are
owned more than 50 percent by your company and its
majority-owned consolidated subsidiaries. For purposes of this
report, domestic operations refer to operations that are within
the 50 United States and the District of Columbia.
Commonwealths such as Puerto Rico and territories such as
the Virgin Islands are not considered domestic.

INSTRUCTIONS AND DEFINITIONS – Continued
SECTION 2 – INSTRUCTIONS FOR SELECT LINE
ITEMS ON ADDRESSED SIDE OF FORM – Cont.
Nonconsolidated Domestic and Foreign Operations are
domestic corporations primarily engaged in foreign
operations (workforces are located in foreign countries); foreign
entities (corporate or noncorporate); foreign branch operations;
and, subsidiaries created in foreign countries where services are
primarily in foreign markets. These operations are to be reported
using the equity method or cost method of accounting.
Do not consolidate domestic corporations primarily
engaged in banking, finance, or insurance (as defined in the
North American Industry Classification System (NAICS) Sector
52, United States, 2012).

These costs should include keyman life insurance, provision
for bad debts (net of bad debt recovery), provision for goodwill
impairment, and the cost of the inter-company sales to
nonconsolidated subsidiaries shown in 8 line A.
LINE E – Interest expense. Include all interest expense –
both operating and nonoperating. Do not net interest income
with interest expense. Report interest income in 8 line G.
LINE F – Dividend Income. Include all dividend
income, both domestic and foreign. Also include dividends from
nonconsolidated subsidiaries unless their earnings (losses) are
being reported in 8 line I.
LINE G – Other recurring nonoperating income
(expense). Include interest income, royalties, minority interest,
and other nonoperating income (expense) items not elsewhere
specified.

Equity method of accounting – Report equity earnings
(losses) of all nonconsolidated domestic and foreign operations
on 8 line I of the Income Statement. Report equity investment
on 9 line I of the Balance Sheet.

LINE H – Nonrecurring items. Include and attach a list
and explain, on a separate sheet, the pretax amounts of
income (loss) from all nonrecurring transactions. Include gain
(loss) on sale of assets, restructuring costs, assets write-downs,
and disposal of business segments. Unlike GAAP, the
operations and assets of a discontinued segment should be
reported together with the continuing operations until time of
disposal.

Cost method of accounting – Report dividends from all
nonconsolidated domestic and foreign operations on 8 line F
on the Income Statement. Report the investment on 9 line I
on the Balance Sheet.
5 through 7 – Subsidiaries. Any changes indicated in
6 or 7 should only reflect changes from the prior quarter.

However, in order to maintain continuity in the QFR estimates,
please also include any acquisitions or disposal of noncorporate
assets; i.e., branches, divisions, business segments, etc., that
have total assets greater than $50 million.
If you have questions regarding the Consolidation Rules, please
use the Secure Messaging Center to correspond with our staff
at the following Website:
econhelp.census.gov/qfr/contactus. You can also call
our staff at our toll-free number at
1 (800) 272–4250 or (301) 763–3359.

LINE I – Income (loss) of foreign branches and
equity in earnings (losses) of domestic and foreign
nonconsolidated subsidiaries and other
investments accounted for by the equity method,
net of foreign taxes. Include all income or loss from
nonconsolidated investments.
LINE K – Provision for current and deferred
domestic income taxes. Report the provision for
U.S. Federal tax in 8 line K-1 and the provision for state and
local income tax and franchise tax in 8 line K-2. No
distinction is necessary between current and deferred income
tax provision. Accrue current payables in 10 lines D-1 and D-2
and deferred payables in 10 line H.

SECTION 3 – INSTRUCTIONS BY LINE ITEM
8 SCHEDULE A – STATEMENT OF INCOME AND

RETAINED EARNINGS FOR YOUR 3-MONTH PERIOD
LINE A –All operating revenues, sales, fees and
receipts. Report all operating revenues, sales (net of returns
and allowances and excise and sales taxes), fees and receipts –
including inter-company sales to nonconsolidated subsidiaries.
Unlike Generally Accepted Accounting Principles (GAAP), also
include operating revenues from discontinued operations
through the date of disposal. Commission sales should be
reported on a gross basis including the commissions received.
LINE B – Depreciation, depletion, and amortization
of property, plant, and equipment. Include the expense
for the current quarter on tangible fixed assets only. Do not
include amortization of intangibles or items such as bargain on
acquisition or goodwill. These items should be included in 8
line C.
LINE C – All other operating costs and expenses –
except interest expense. Report all operating costs
except interest expense. Include selling, general and
administrative expenses, amortization of intangible assets,
and costs of goods sold (net of purchase discounts).

QFR-300(SI) (09-29-2021)

LINE M – Extraordinary gains (losses), net of taxes.
Include and attach a list and explain, on a separate sheet, all
extraordinary gains (losses), such as damage losses resulting
from acts of God; foreign confiscation of assets and losses due
to condemnation by governing authorities. Transactions reported
in 8 line M must be those reported as extraordinary in the
company’s financial statements.
LINE N – Cumulative effect of accounting changes,
net of taxes. Report the cumulative effect of accounting
changes, net of taxes, in the quarter in which the change takes
effect. If the cumulative effect of the accounting change affects
prior years, report the change in the company’s first fiscal
quarter. Note: In those instances where the accounting change
affects prior years and the company’s first fiscal quarter report
has already been filed, it will be necessary to file a revised
report.
LINE P– Retained earnings at the beginning of
quarter. If the beginning retained earnings is not the same
as the ending retained earnings ( 10 line I-2) of the preceding
quarter, explain in a footnote the significant transactions
creating the differences.

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INSTRUCTIONS AND DEFINITIONS – Continued
LINE Q – Cash dividends charged to retained
earnings this quarter. Include only cash dividends
charged to retained earnings during the quarter. Include
1120S cash distributions. Report non-cash dividends in
8 line R.

LINE C-4 – Other short-term financial investments.
Include bankers’ acceptances, overnight deposits and
marketable securities, such as stocks, commodities, and options.
LINE D-1 – Trade receivables from the U.S.
Government. Include only the receivables and unbilled
service revenue from direct contract work for the U.S.
Government. Report trade receivables arising from subcontract
work for the U.S. Government in 9 line D-2. Unlike GAAP, do
not deduct progress payments and billings. These should be
included in 10 line B.

LINE R – Other direct credits (charges) to retained
earnings. Include all other direct credits or charges not
reported elsewhere, including stock and other non-cash
dividends, etc. Attach a list and explain, on a separate sheet,
the principal credits and charges.
LINE S – Retained earnings at end of quarter. Sum
of 8 lines O, P, and R less line Q (same as 10 line I-2).

LINE D-2 – Other trade accounts and trade notes
receivable. Include trade receivables from the commercial
customers and governments other than the U.S., less
allowances for doubtful accounts. Also include intercompany
trade receivables from majority-owned subsidiaries that are not
consolidated in this report in accordance with the consolidation
instructions. These receivables should relate to the operating
revenue shown in 8 line A and should include unbilled service
revenue. Unlike GAAP, do not deduct progress payments and
billings. These should be included in 10 line F.

9 SCHEDULE B1 – BALANCE SHEET-ASSETS

LINE A-1 – Cash and demand deposits in the U.S.
Include cash on hand (petty cash), negotiable money orders,
and demand deposits (checking accounts) located in banks
within the United States. Report checking account overdrafts
in 10 line A-1.
LINE A-2 – Time deposits in the U.S. Include all
negotiable certificates of deposit, savings accounts, and other
interest bearing cash deposits.

LINE E – Inventories. Report book value of all inventories.
Include all raw materials, supplies, finished goods, and
work-in-process inventories on the premises, in transit, in
storage, or consigned to others at the end of the accounting
period. Inventories may be reported on whatever valuation
method is used by the company as long as it is reported on a
consistent basis each quarter. Exclude land, buildings, and other
real estate held for resale; these items should be reported in
9 line F. Unlike GAAP, do not deduct progress payments and
billings. These should be in 10 lines B and F.

LINE A-3 – Deposits outside the U.S. Include all
monies, including Euro-dollars, held in banks or other
institutions located outside the United States.
LINE B-1 – U.S. Treasury and Federal agency
securities – subject to agreements to sell. Include
Treasury bills and securities from Federal agencies that are
subject to agreements to sell. Report Treasury and Federal
agency securities with maturities greater than one year in 9
line H.

LINE F – All other current assets. Include prepaid
expenses, income tax refunds receivable, the current portion of
capitalized costs (film, software, etc.) and other miscellaneous
assets that are expected to be converted to cash or expensed
within a year.

LINE B-2 – U.S. Treasury and Federal agency
securities, other due in one year or less. Include
Treasury bills and securities from Federal agencies, such as
notes insured by Farmers Home Administration, GNMA, or
other agencies that are due in one year or less. Also include
debentures and participation certificates of all Federal
agencies and federally sponsored agencies including GNMA,
CCC, Exim Bank, FHA, TVA, Department of Defense, Banks
for Co-ops, FICB, FHLB, FHLMC, FLB, FNMA, and Postal
Services with present maturities of one year or less. Report
Treasury and Federal agency securities with maturities greater
than a year in 9 line H.

LINE G-1 – Property, plant, and equipment. Report the
gross value (acquisition or original cost or other basis) of all
depreciable and amortizable fixed assets. Include all finance
leases; improvements and new construction in progress, but not
yet completed; fixed assets owned by the company and its
consolidated subsidiaries that are leased or rented to others;
and capitalized exploration and development costs of mineral
properties.

LINE C-1 – Commercial and finance company paper
of U.S. issuers. Include short-term investments in commercial
and finance company paper of U.S. issuers. Report commercial
and finance company paper not issued by U.S. companies in
9 line C-4.

LINE G-3 – Accumulated depreciation, depletion,
and amortization. Report the total accumulated
depreciation, depletion, and amortization for the fixed assets
included in 9 line G-1. Intangible assets, net of amortization,
should be included in 9 line I.

LINE C-2 – State and local government securities,
due in one year or less. Include state bonds and other
revenue producing financial instruments sold by a state, city, or
county/parish for short-term projects. Report state and local
government securities with maturities greater than a year in 9
line I.

LINE H – U.S. Treasury and Federal agency
securities, due in more than one year. Include all U.S.
Treasuries and Federal agency securities with current maturities
that are greater than one year.

LINE C-3 – Foreign securities, due in one year or
less. Include foreign securities due in one year or less sold by
a foreign country or its agent. Report foreign securities with
maturities greater than one year in 9 line I.

QFR-300(SI) (09-29-2021)

LINE G-2 – Land and mineral rights. Report the gross
value (acquisition or original cost or other basis) of all land,
except land held for resale. Include timber and mineral rights,
except capitalized exploration and development costs of mineral
properties as reported in 9 line G-1.

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