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Foreign Sales by U.S. Companies Tick-down in 2010; 46.3% of All Sales Were Derived Outside of the States Taxes Paid to Foreign Countries Jump Significantly

NEW YORK, July 19, 2011 /PRNewswire/ -- S&P 500 companies with full reporting information posted 46.3% of their sales from outside of the United States in 2010, down slightly from the 46.6% posted in 2009 and significantly below the 47.9% recorded in 2008, according to research published today by S&P Indices. The data is derived from the 255 companies within the S&P 500 that have full reporting information.  

“While the percentage of foreign sales posted a slight tick-downward in 2010, we believe that multiple changes in currency, membership and contracts negate any strong implication to the second yearly drop,” adds Howard Silverblatt, S&P Indices' Senior Index Analyst and author of the report. "Looking at these results on a proforma basis, foreign sales ticked-up for the year, a direction we feel will continue as non-U.S. growth outpaces U.S. domestic growth."

According to the report, sales to European countries rebounded to 29.1% in 2010 from 25.6% in 2009. Sales to Asian countries decreased to 13.1% from the 17.6% posted in 2009.

On a country by country basis, while Canada was again the primary recipient of S&P 500 foreign sales, it is continuing to fall out of favor. Only 4.1% of declared sales came from Canada in 2010 down from the 7.4% reported in 2009 and the 9.3% reported in 2008. At 3.13%, Great Britain was the second choice destination for foreign sales of the S&P 500 companies in 2010.

Looking at sectors, Information Technology continues to dominate with over 56% of its declared sales coming from outside of the United States; the sector now represents 22.4% of all U.S. foreign sales.

S&P Indices also determined that total income taxes paid to foreign entities increased 27.7% to $117.3 billion in 2010 from $91.9 billion in 2009. In comparison, S&P 500 companies paid $101.7 billion in domestic incomes taxes in 2010, a 9.7% increase over the $92.7 billion paid in 2009.

"In 2010, S&P 500 issues paid more income tax to foreign countries than to Washington," notes S&P's Silverblatt. "Only 46.4% of all income taxes paid by U.S. companies went to Washington in 2010 versus 53.6% paid abroad. Apparently, jobs weren't the only major export in 2010."

The full report, S&P 500: 2010 Global Sales, can be accessed by going to www.indexresearch.standardandpoors.com.

S&P 500 Foreign Sales Sector Report

S&P Indices

S&P 500 FOREIGN SALES SECTOR REPORT


% OF TOTAL FOREIGN SALES


2010

2009

2008

2007

2006

2005

2004

Consumer Discretionary

42.98%

42.43%

44.05%

42.46%

38.76%

37.28%

34.98%

Consumer Staples

45.61%

46.56%

46.95%

39.06%

36.57%

37.51%

38.89%

Energy

38.86%

43.66%

50.47%

55.69%

56.50%

56.62%

53.51%

Financials

37.05%

40.19%

34.09%

31.59%

29.93%

31.36%

32.06%

Health Care

49.82%

47.21%

48.61%

44.54%

41.76%

37.54%

40.81%

Industrials

45.06%

44.21%

46.14%

44.11%

41.14%

39.68%

41.47%

Information Technology

56.30%

56.02%

55.27%

55.38%

53.50%

54.86%

61.18%

Materials

52.46%

52.06%

49.66%

46.99%

42.22%

40.81%

40.66%

Telecommunication Services

NM

NM






Utilities

NM

NM

52.18%

55.16%

63.60%

60.48%

58.52%

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

46.29%

46.57%

47.94%

45.84%

43.55%

43.26%

43.75%

* NM = Not Enough Information Publicly Reported




REGION

2010

2009

2008

2007

2006


% OF

% OF

% OF

% OF

% OF


FOREIGN

FOREIGN

FOREIGN

FOREIGN

FOREIGN


SALES

SALES

SALES

SALES

SALES

Africa

6.47%

7.94%

5.84%

6.82%

5.57%

Asia

13.11%

17.65%

13.21%

16.76%

18.97%

Australia

0.26%

0.27%

0.20%

0.21%

0.16%

Europe

29.12%

25.57%

27.69%

28.79%

31.09%

North America

4.55%

7.80%

10.24%

8.92%

4.75%

South America

4.27%

5.38%

4.98%

3.74%

3.59%

Foreign Countries

42.22%

35.39%

37.85%

34.76%

35.87%

Total

100.00%

100.00%

100.00%

100.00%

100.00%




S&P Indices

S&P 500 2010 INCOME TAXES PAID, US$


2010

2009

2008

2007

2006

2005

2004

FOREIGN US$ MILLION

$117,341

$91,876

$135,129

$123,610

$112,686

$91,794

$72,172

U.S. US$ MILLION

$101,662

$92,667

$107,205

$151,104

$155,269

$141,471

$100,376









FOREIGN % OF TOTAL

53.6%

49.8%

55.8%

45.0%

42.1%

39.4%

41.8%

U.S. % OF TOTAL

46.4%

50.2%

44.2%

55.0%

57.9%

60.6%

58.2%




About S&P Indices

S&P Indices, a world leading index provider, maintains a wide variety of investable and benchmark indices to meet an array of investor needs. Over $1.25 trillion is directly indexed to Standard & Poor's family of indices, which includes the S&P 500, the world's most followed stock market index, the S&P/Case-Shiller Home Price Indices, the leading measure of U.S. home prices, the S&P Global BMI, an index with approximately 11,000 constituents, the S&P GSCI, the industry's most closely watched commodities index, and the S&P National AMT-Free Municipal Bond Index, the premier investable index for U.S. municipal bonds. For more information, please visit www.standardandpoors.com/indices.

Standard & Poor's does not sponsor, endorse, sell or promote any S&P index-based investment product.  This document does not constitute an offer of services in jurisdictions where Standard & Poor's or its affiliates do not have the necessary licenses. Standard & Poor's receives compensation in connection with licensing its indices to third parties.

S&P, S&P 500, S&P INDICES and STANDARD & POOR'S are registered trademarks of Standard & Poor's Financial Services LLC.

SOURCE Standard & Poor's



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