46.1% of S&P 500 Company Sales Were Derived From Outside of the United States in 2011; Downward Trend Continues

 

46.1% of S&P 500 Company Sales Were Derived From Outside of the United States in 2011; Downward Trend Continues

NEW YORK, Aug. 9, 2012 /PRNewswire/ — S&P 500 companies with full reporting information posted 46.1% of their sales from outside of the United States in 2011, down slightly from the 46.3% reported in 2010 and the 46.6% posted in 2009, and significantly below the 47.9% recorded in 2008 according to research published today by S&P Dow Jones Indices. The data is derived from the 252 companies within the S&P 500 that have full reporting information.

“While the percentage of foreign sales posted a slight tick-downward in 2011, we believe that multiple changes in currency, index membership and contract details negate any strong implication to the third yearly drop,” says Howard Silverblatt, S&P Dow Jones Indices’ Senior Index Analyst and author of the report.

According to the report, sales to European countries declined to 11.1% of all S&P 500 sales in 2011 from 13.5% in 2010, with sales to the United Kingdom increasing to 2.4% from 1.4% in 2010. “European ex-U.K. sales fell to 8.7% in 2011 from 12.0% in 2010 representing the impact that the European recession is having on U.S. issues,” adds Silverblatt.

On a country by country basis, Canada reversed its 2010 decline and accounted for 9.3% of all 2011 foreign sales, compared to 4.1% in 2010 and 7.4% in 2009.  Japan improved to 0.72% of all sales from 0.51% in 2010, which was substantially down from 1.52% in 2009.

Looking at sectors, Information Technology continues to dominate with over 56.3% of its declared sales coming from outside of the United States as Financials declined to 34.7% in 2011 from the 37.1% reported in 2010.

S&P Dow Jones Indices also determined that total income taxes paid to foreign entities increased 21% in 2011 as U.S. payments increased 15% with S&P 500 issues sending a cumulative USD $142 billion to non-U.S. governments and USD $117 billion to the U.S. government.

“In 2011, S&P 500 issues paid more income tax to foreign countries than to the U.S. government,” notes Silverblatt. “Only 45.3% of all income taxes paid by U.S. companies went to Washington in 2011 versus 54.7% paid abroad. Tax policy has become a major issue, even before election posturing started, with the current trend not working in favor of the U.S.”

The full report, S&P 500: 2011 Global Sales, can be accessed by going to: www.spindices.com. Report is posted under “Resources.”

S&P Dow Jones  Indices

S&P 500 2011 Global Sales Report

Sectors

% OF TOTAL SALES

2011

2010

2009

2008

2007

2006

2005

Consumer Discretionary

42.28%

42.98%

42.43%

44.05%

42.46%

38.76%

37.28%

Consumer Staples

46.99%

45.61%

46.56%

46.95%

39.06%

36.57%

37.51%

Energy

39.29%

38.86%

43.66%

50.47%

55.69%

56.50%

56.62%

Financials

34.67%

37.05%

40.19%

34.09%

31.59%

29.93%

31.36%

Health Care

52.42%

49.82%

47.21%

48.61%

44.54%

41.76%

37.54%

Industrials

47.96%

45.06%

44.21%

46.14%

44.11%

41.14%

39.68%

Information Technology

56.52%

56.30%

56.02%

55.27%

55.38%

53.50%

54.86%

Materials

53.71%

52.46%

52.06%

49.66%

46.99%

42.22%

40.81%

Telecommunication Services

N/M

18.68%

15.10%

Utilities

N/M

84.29%

81.97%

52.18%

55.16%

63.60%

60.48%

Total Non-U.S. 15%-85%

46.14%

46.29%

46.57%

47.94%

45.84%

43.55%

43.26%

Source: S&P Dow Jones Indices


 

S&P Dow Jones  Indices

S&P 500 2011 Global Sales Report

Regions

REGION

FOREIGN

% OF

FOREIGN

% OF

FOREIGN

% OF

SALES 2011

FOREIGN

SALES 2010

FOREIGN

SALES 2009

FOREIGN

US$ MILLIONS

SALES

US$ MILLIONS

SALES

US$ MILLIONS

SALES

Africa

$208,602

7.95%

$148,103

6.47%

$160,559

7.94%

Asia

$407,381

15.52%

$300,065

13.11%

$356,739

17.65%

Australia

$11,953

0.46%

$6,025

0.26%

$5,439

0.27%

Europe

$630,172

24.01%

$666,398

29.12%

$516,690

25.57%

North America

$248,427

9.47%

$104,115

4.55%

$157,659

7.80%

South America

$148,820

5.67%

$97,628

4.27%

$108,750

5.38%

Foreign Countries

$969,181

36.93%

$966,145

42.22%

$715,176

35.39%

Total

$2,624,537

100.00%

$2,288,479

100.00%

$2,021,012

100.00%

Source: S&P Dow Jones Indices

S&P Dow Jones  Indices

S&P 500 2011 Global Sales Report

Income Taxes

S&P 500 2011 INCOME TAXES PAID, US$

2011

2010

2009

2008

2007

2006

2005

FOREIGN US$ MILLION

$141,639

$117,341

$91,876

$135,129

$123,610

$112,686

$91,794

U.S. US$ MILLION

$117,337

$101,662

$92,667

$107,205

$151,104

$155,269

$141,471

FOREIGN % OF TOTAL

54.7%

53.6%

49.8%

55.8%

45.0%

42.1%

39.4%

U.S. % OF TOTAL

45.3%

46.4%

50.2%

44.2%

55.0%

57.9%

60.6%

Source: S&P Dow Jones Indices

 

About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies, Inc., is the world’s largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average(SM), S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.

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SOURCE S&P Dow Jones Indices

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