Press Releases
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."
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S&P Dow Jones Indices |
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S&P 500 2011 Global Sales Report |
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Sectors |
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% OF TOTAL SALES |
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2011 |
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
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Consumer Discretionary |
42.28% |
42.98% |
42.43% |
44.05% |
42.46% |
38.76% |
37.28% |
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Consumer Staples |
46.99% |
45.61% |
46.56% |
46.95% |
39.06% |
36.57% |
37.51% |
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Energy |
39.29% |
38.86% |
43.66% |
50.47% |
55.69% |
56.50% |
56.62% |
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Financials |
34.67% |
37.05% |
40.19% |
34.09% |
31.59% |
29.93% |
31.36% |
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Health Care |
52.42% |
49.82% |
47.21% |
48.61% |
44.54% |
41.76% |
37.54% |
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Industrials |
47.96% |
45.06% |
44.21% |
46.14% |
44.11% |
41.14% |
39.68% |
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Information Technology |
56.52% |
56.30% |
56.02% |
55.27% |
55.38% |
53.50% |
54.86% |
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Materials |
53.71% |
52.46% |
52.06% |
49.66% |
46.99% |
42.22% |
40.81% |
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Telecommunication Services |
N/M |
18.68% |
15.10% |
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Utilities |
N/M |
84.29% |
81.97% |
52.18% |
55.16% |
63.60% |
60.48% |
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Total Non-U.S. 15%-85% |
46.14% |
46.29% |
46.57% |
47.94% |
45.84% |
43.55% |
43.26% |
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Source: S&P Dow Jones Indices |
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S&P Dow Jones Indices |
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S&P 500 2011 Global Sales Report |
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Regions |
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REGION |
FOREIGN |
% OF |
FOREIGN |
% OF |
FOREIGN |
% OF |
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SALES 2011 |
FOREIGN |
SALES 2010 |
FOREIGN |
SALES 2009 |
FOREIGN |
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US$ MILLIONS |
SALES |
US$ MILLIONS |
SALES |
US$ MILLIONS |
SALES |
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Africa |
$208,602 |
7.95% |
$148,103 |
6.47% |
$160,559 |
7.94% |
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Asia |
$407,381 |
15.52% |
$300,065 |
13.11% |
$356,739 |
17.65% |
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Australia |
$11,953 |
0.46% |
$6,025 |
0.26% |
$5,439 |
0.27% |
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Europe |
$630,172 |
24.01% |
$666,398 |
29.12% |
$516,690 |
25.57% |
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North America |
$248,427 |
9.47% |
$104,115 |
4.55% |
$157,659 |
7.80% |
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South America |
$148,820 |
5.67% |
$97,628 |
4.27% |
$108,750 |
5.38% |
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Foreign Countries |
$969,181 |
36.93% |
$966,145 |
42.22% |
$715,176 |
35.39% |
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Total |
$2,624,537 |
100.00% |
$2,288,479 |
100.00% |
$2,021,012 |
100.00% |
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Source: S&P Dow Jones Indices |
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S&P Dow Jones Indices |
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S&P 500 2011 Global Sales Report |
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Income Taxes |
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S&P 500 2011 INCOME TAXES PAID, US$ |
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2011 |
2010 |
2009 |
2008 |
2007 |
2006 |
2005 |
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FOREIGN US$ MILLION |
$141,639 |
$117,341 |
$91,876 |
$135,129 |
$123,610 |
$112,686 |
$91,794 |
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U.S. US$ MILLION |
$117,337 |
$101,662 |
$92,667 |
$107,205 |
$151,104 |
$155,269 |
$141,471 |
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FOREIGN % OF TOTAL |
54.7% |
53.6% |
49.8% |
55.8% |
45.0% |
42.1% |
39.4% |
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U.S. % OF TOTAL |
45.3% |
46.4% |
50.2% |
44.2% |
55.0% |
57.9% |
60.6% |
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Source: S&P Dow Jones Indices |
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