Form BE-577 Quarterly Survey of U.S. Direct Investment Abroad - Tran

BE-577 (Rev. 12/2013
3/2013)

11/30/2016
OMB No. 0608-0004: Approval Expires 12/31/2013

QUARTERLY SURVEY OF U.S. DIRECT INVESTMENT ABROAD
Direct Transactions of U.S. Reporter with Foreign Affiliate

Affiliate ID

MANDATORY – CONFIDENTIAL
Electronic filing:

Go to www.bea.gov/efile for details

Mail reports to:

U.S. Department of Commerce
Bureau of Economic Analysis, BE-69(Q)
Washington, DC 20230

Deliver reports to:

1

Yes
No
2

U.S. Department of Commerce
Bureau of Economic Analysis, BE-69(Q)
Shipping and Receiving Section, M-100
1441 L Street, NW
Washington, DC 20005

Assistance:

What is the date range and year within which the foreign
affiliate’s quarter ends for this report? Mark (X) one and
enter year.
2

2/16–5/15

003 3

FAX reports to:

Is this report a submission of a past report?

5/16–8/15

8/16–11/15

11/16–2/15

0

Year

Name of U.S. Reporter

(202) 606-5305

E-mail
Telephone
Copies of form

4

U.S. Reporter mailing address – Generally, each U.S. Reporter
has a single address for all of its BE-577 reports.

004 5

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., Forms BE-11 and BE-10.

be577@bea.gov
(202) 606-5557
www.bea.gov /dia

Definitions: Underlined terms are defined starting on page 9.
Due date: 30 days after the close of each calendar or fiscal quarter end; 45 days if the report is for the final quarter of the financial
reporting year.
Who must report: A Form BE-577 is required from every U.S. person that had direct transactions or positions with a foreign business
enterprise in which it had a direct and/or indirect ownership interest of at least 10 percent of the voting stock if an incorporated
business enterprise or an equivalent interest if an unincorporated business enterprise at any time during the reporting period. Reports
are required even though a foreign affiliate may have been established, acquired, seized, liquidated, expropriated, sold, or inactivated
during the reporting period.
Basic requirement: A Form BE-577 must be filed for each 1) directly-owned foreign affiliate for which total assets; annual sales or
gross operating revenues, excluding sales taxes; or annual net income after provision for foreign income taxes was greater than $60
million (positive or negative) at any time during the affiliate’s fiscal reporting year and each 2) indirectly-owned foreign affiliate that
met the $60 million threshold and had an intercompany debt balance with the U.S. Reporter that exceeded $1 million. If this affiliate
does not meet the reporting requirements complete Part V .
Coverage: All transactions or positions with the foreign affiliate by all U.S. domestic subsidiaries, divisions, etc., which constitute the
U.S. Reporter, as defined on page 11, must be combined on one Form BE-577.
Monetary values: Report in thousands of U.S. dollars. If an amount is between positive and negative $500, enter “0.” Use parentheses
to indicate negative numbers.
Estimates: In order to supply a timely report, if actual amounts are not available, supply reasonable estimates and label them as such.
6

Country of location (country where affiliate’s physical 005
assets are located or primary activity is carried out) –
may differ from country of incorporation . . . . . . . . . . . . . . . . . . .

7

Is the foreign affiliate incorporated in the country of location indicated in 6 ?
007 1

Yes
No
8 If the foreign affiliate’s industry classification, based on the largest annual sales
Current
or gross operating revenues, has changed, enter the revised industry code. If this is an
Industry Code
initial filing enter the current industry code (refer to the Summary of Industry
006 1
Classifications on page 12 or go to www.bea.gov/naics2007). For help in determining
the ISI code, go to www.bea.gov for a Worksheet for Determining ISI Code. . . . . . . . . . . . . . . .  _ _ _ _
1

1
2

Please continue on next page

Revised 
2

_ _ _ _

9

Affiliate ID

How has the affiliate’s reporting status changed during the quarter?
Mark (X) one
008

1

1

1

1

1

Affiliate was not previously reported. Report must include Part III and Part IV .

2

Affiliate was temporarily exempt after previously reporting; reporting resumes.

Month

Day

Year

2

3

Affiliate was merged or reorganized. Attach explanation and specify date of status change . . . .

4

Affiliate was sold or seized. Only complete Part III and specify date of status change . . . . . . . . .

5

Affiliate was liquidated. Only complete Part III and specify date of status change. . . . . . . . . . . . .

6

Affiliate fell below exemption level. Only complete Part V (Certificate of Exemption).

__/__/____
2

__/__/____
2

1

1

__/__/____
MM/DD/YYYY
2

1

1

7

Affiliate became inactive. Specify date of status change. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

8

Affiliate did not change reporting status during the quarter.

__/__/____

10 How many foreign business enterprises are fully consolidated on this report? – If this report is for a

single business enterprise, enter “1” in the box below.
• The U.S. Reporter must consolidate foreign business enterprises on Form BE-577 in the same
manner as on Forms BE-11 and BE-10. See Definition on page 10 for rules for consolidation.
010

Number Consolidated . . . . . . . . . . . . . . . . .
11 What type of equity interest does the U.S. Reporter hold in this foreign affiliate?
011

1
1
1
1

1
2
3
4

Only a direct equity interest – SKIP to 13 .
Only an indirect equity interest through another foreign affiliate.
Both a direct and indirect equity interest. What is the percentage of direct equity interest?. . . . .
Voting interest only (No equity interest). Only complete Part II .

12 What is the name and ID number (if available) of the top

2

___ ___ . ___

%

009 0

foreign affiliate parent in this affiliate’s ownership
chain that is directly owned by the U.S. Reporter? . . . . . . . . . . .
Example 1
• If the U.S. Reporter directly owns foreign affiliate A,
which, in turn, directly owns foreign affiliate B,
which, in turn, directly owns this affiliate (foreign
affiliate C), then affiliate A’s ID (top foreign affiliate
parent) should be provided in this item.

U.S. Reporter
Foreign affiliate A (top foreign affiliate parent)
directly owned by the U.S. Reporter
Foreign affiliate B

Foreign affiliate C
identified in 5

Example 2

U.S. Reporter

• For affiliates that are both directly and indirectly owned by
the U.S. Reporter, the amounts reported in Part I , Part III ,
and Part IV must be based on the U.S. Reporter’s direct
equity interest only.
• Amounts reported in Part II should only reflect direct
transactions, irrespective of direct or indirect ownership.

Page 2

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Foreign affiliate A (top foreign affiliate parent)
directly owned by the U.S. Reporter

Foreign affiliate C
identified in 5
12/2013
FORM BE-577 (Rev. 3/2013)

Part I – U.S. Reporter’s Direct Equity Share in the Foreign Affiliate

Affiliate ID

Instructions
13 A. • Report the amount that represents the U.S. Reporter’s equity, based on its directly held equity interest in the foreign

affiliate’s net income (loss) for the quarter, before provision for common or preferred dividends and before any
reduction for foreign withholding taxes on dividends, but after provision for other foreign income taxes.
• If the U.S. Reporter holds both a direct and indirect equity interest, only the share representing the direct equity
interest should be given in this item.
• Do not eliminate intercompany transactions.
• Include, on an equity basis, the foreign affiliate’s share in net income of unconsolidated foreign business enterprises owned
by it.
• Include remeasurement of the foreign affiliate’s foreign-currency-denominated assets and liabilities due to changes
in foreign exchange rates during the reporting period and other gains and losses included in 13 B.1.
B. • For certain gains (losses) included in net income, see Definitions on page 9.
• For certain gains (losses) for dealers in financial instruments and finance, insurance, and real estate companies,
see Special Instructions on page 11.
• Include in 13 B.2, unrealized holding gains (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).
C. • Report U.S. Reporter’s share of currency translation adjustments resulting from the translation of the foreign
affiliate’s financial statements from the affiliate’s functional currency into U.S. dollars. Such adjustments should be
computed in accordance with FASB ASC 830 (FAS 52) or other currently applicable standards of the Financial
Accounting Standards Board.
D. • Report dividends as of the date they were declared or paid, GROSS of any foreign taxes withheld. Any subsequent
settlement of dividends declared but not paid SHOULD NOT be reported a second time, but should be reflected
only as a reduction in Part II 17 A.
Report all items on a quarterly basis, NOT on a cumulative or year-to-date basis.
13 What is the U.S. Reporter’s share of:

Current Quarter

For A, B, and C, base data on the books of the foreign affiliate

Bil.
101

A. The foreign affiliate’s quarterly net income (loss), after provision for foreign income taxes? . . . . . . . . . .
B. Certain gains (losses), after provision for foreign income taxes:

1. Included in net income (loss) 13 A? See Definitions on page 9. . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C. The change in the balance sheet translation adjustment account during the quarter?. . . . . . . . . . . . . . .

Mil.

Thou.

$

Dols.

000
Mil.

Thou.

$

Dols.

000
Bil.

131

Dols.

000

Bil.
121
2. Not included in net income (loss) 13 A but taken directly to other comprehensive income
(loss)? Do not include foreign currency translation adjustments, report such amounts in 13 C. . . . . .

Thou.

$
Bil.

111

Mil.

Mil.

Thou.

$

Dols.

000

For D, E, and F, base data on the books of the U.S. Reporter
D. Dividends on common and preferred stock (gross of foreign affiliate withholding taxes) of an
incorporated foreign affiliate or distributed earnings of an unincorporated foreign affiliate (exclude 141
stock and liquidating dividends)? Report liquidating dividends in Part III 20 . . . . . . . . . . . . . . . . . . . . . . . .

Bil.

F. The net amount of dividends/earnings distributed ( 13 D less 13 E)?. . . . . . . . . . . . . . . . . . . . . . . . . . .

12/2013
FORM BE-577 (Rev. 3/2013)

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Mil.

Thou.

$
$

Dols.

000
Dols.

000
Bil.

161

Thou.

$
Bil.

151
E. Foreign tax withheld on dividends of incorporated foreign affiliate or distributed earnings of
unincorporated foreign affiliate 13 D?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mil.

Mil.

Thou.

Dols.

000

Page 3

Part II – Balances and Interest Between the U.S. Reporter and Foreign Affiliate

Affiliate ID

Questions 14 through 16 are intended to assist banks and other types of finance companies to
determine how to fill out the rest of Part II . U.S. reporters that also file Treasury International Capital (TIC)
B Forms may not be required to complete questions 17 and 18 .
14

Is the foreign affiliate a depository or non-depository bank (ISI codes 5221 or 5229),
a securities broker or dealer (ISI code 5231), or in the finance industry (ISI codes 5223, 5224,
5238, or 5252)?
012

1
1

15

1

Yes

2

No – SKIP to 17

Is the U.S. Reporter named in 3 a “bank” or primarily acting as a securities broker or dealer (ISI code 5231)?
Note: A “bank” is a business engaged in deposit banking or closely related functions, including commercial banks,
Edge Act corporations, U.S.
foreign
branches
and
agencies
U.S. banks
branches
and
agencies
of of
foreign
banks whether
whether or
or not
not they
theyaccept
acceptdeposits
depositsabroad,
abroad,
savings and loans, savings banks, bank holding companies and financial holding companies under the
Gramm-Leach-Bliley Act.
013 1
1

1

Yes – Go to 16 A.

2

No – Go to 16 B.

16 A. Does the U.S. Reporter named in 3 have consolidated U.S. subsidiaries or units that have insurance, real

estate, or leasing activities?
014

1

1

1
2

Yes – Complete 17 and 18 but ONLY report the balances and interest between this foreign affiliate and the
units of the U.S. Reporter engaged in insurance, real estate, or leasing activities.
No – SKIP to Part III

16 B. Does the U.S. Reporter named in 3 have consolidated U.S. subsidiaries or units that have depository or

non-depository banking activities (ISI codes 5221 or 5229) or securities broker or dealer activities (ISI code 5231)?
015

1

1

1

2

Yes – Complete 17 and 18 but ONLY report the balances and interest between this foreign affiliate and the units
of the U.S. Reporter NOT engaged in depository or non-depository banking activities or securities broker or
dealer activities.
No – Go to 17

Remarks

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12/2013
FORM BE-577 (Rev. 3/2013)

Part II – Balances and Interest Between the U.S. Reporter and Foreign Affiliate
(Continued)

Affiliate ID

Balances
17 What were the receivable and payable balances between the U.S. Reporter and the foreign affiliate?

• .Base data on the books of the U.S. Reporter.
• Include current and long-term items, indebtedness resulting from a capital lease, and the net book value of
equipment under a long-term operating lease.
– If leases between the U.S. Reporter and the foreign affiliate are capitalized, then include the outstanding
capitalized value as an intercompany balance. Lease payments should be disaggregated into the amount that is
(i) a reduction in the intercompany balance, to be reported in items A or B, and (ii) interest to be reported in 18 .
– If leases between the U.S. Reporter and the foreign affiliate are operating leases for more than one year that have not
been capitalized, include the net book value. Lease payments should be disaggregated into the amounts that represent
(i) the return of capital, consisting of the depreciation component for long-term operating leases, which should be
reflected as a reduction in items A or B, and (ii) rent or net rent, which is not covered by this survey.
• The current quarter’s opening balance should be equal to the prior quarter’s closing balance; therefore, if it is
necessary to translate the balance into U.S. dollars, use the same exchange rate to translate the opening balance for
the current quarter as was used to translate the closing balance of the prior quarter.
• Derivatives contracts – Exclude the value of outstanding financial derivative contracts or any payments or receipts
resulting from the settlement of these contracts. For example, the settlements of interest rate derivatives should NOT
be reported as interest or as another type of transaction on this form. Derivatives contracts are covered by the Treasury
International Capital (TIC) Form D, Report of Holdings of, and Transactions in, Financial Derivatives Contracts.
End
of quarter

Beginning
of quarter

Do NOT net receivables and payables
(A and B below)

(1)

Bil.
221
A. Owed to the U.S. Reporter by the
foreign affiliate (U.S. Receivables). . . . . . . . . . . . . . . . . . . . . . .

Thou.

$
Mil.

Thou.

$

Bil.

Dols.

000
Bil.

231
B. Owed to the foreign affiliate by the
U.S. Reporter (U.S. Payables). . . . . . . . . . . . . . . . . . . . . . . . . . .

Mil.

(2)

222

000

Thou.

$

Dols.

Dols.

000
Bil.

232

Mil.

Mil.

Thou.

$

Dols.

000

If the closing balance on the preceding quarter’s report differs from the beginning balance above, please note.

Interest
18 What were the interest receipts and payments (gross of withholding taxes) between the U.S. Reporter and the foreign
affiliate named in 5 during the quarter?

• Report quarterly amounts (not year to date), GROSS OF WITHHOLDING TAXES.
• Include interest on capital leases.

Current Quarter

• Do NOT net receipts and payments.

Bil.
171
A. Interest receipts credited to the U.S. Reporter or charged to the foreign affiliate on amounts
related to 17 A. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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FORM BE-577 (Rev. 3/2013)

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Thou.

$
$

Dols.

000
Bil.

172
B. Interest payments credited to the foreign affiliate or charged to the U.S. Reporter on
amounts related to 17 B. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mil.

Mil.

Thou.

Dols.

000

Page 5

Part III – Change in U.S. Reporter’s Equity in the Foreign Affiliate

Affiliate ID

Report the transaction (i.e., market) value of consideration given or received, during the quarter listed
in 2 , for increases or decreases in the U.S. Reporter’s equity holdings in the foreign affiliate.
Include in 19 or 20 :
• Treasury stock transactions with the U.S. Reporter and liquidating dividends.
• Capitalization of intercompany debt (report the amount of debt converted to equity as the transaction value of the
equity increase in 19 B), and adjust the debt balance as appropriate in Part II 17 .
Exclude from 19 and 20 Changes Caused by:
• Carrying net income (loss) to the equity account.
• Dividends/earnings distributed and stock dividends.
• Balance sheet translation adjustments.
• The effect of treasury stock transactions with persons other than the U.S. Reporter.
• Reorganizations in capital structure that do not affect total equity.
• Transactions between a directly-owned foreign affiliate and foreign affiliates that it, in turn, owns and transactions between
indirectly owned affiliates. (Affiliates that are entirely indirectly-owned by the U.S. Reporter, 19 and 20 should be blank.)
• Investments that are written off (include the amount written off in 21 A or 21 B, as appropriate).
Unincorporated foreign affiliates must report the U.S. Reporter’s share of any increase (decrease) in the foreign
affiliate’s equity (or home office account) arising from its transactions with the U.S. reporter, excluding amounts
reported in Part I or Part II .
19 What is the increase in the U.S. Reporter’s equity interest in this affiliate due to:

Bil.

242
A. Establishment of affiliate or acquisition (partial or total) of an equity interest in this affiliate
by the U.S. Reporter either from the affiliate or from other foreign persons?. . . . . . . . . . . . . . . . . . . .

Dols.

000
Mil.

Thou.

$

Dols.

000

Bil.
262
C. Acquisition (partial or total) of an equity interest in this affiliate by the U.S. Reporter
from other U.S. persons? Give name and address of seller. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Thou.

$
Bil.

252
B. Capital contributions and other transactions of the U.S. Reporter with foreign persons?
Specify.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mil.

Mil.

Thou.

$

Dols.

000

20 What is the decrease in the U.S. Reporter’s equity interest in this affiliate due to:
272
A. Liquidation of affiliate or sale (partial or total) of an equity interest in this affiliate by the
U.S. Reporter either to the affiliate or to other foreign persons? . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
282
B. Return of capital contributions and other transactions of the U.S. Reporter with foreign
persons? Specify. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Bil.

Mil.

Thou.

Bil.

Mil.

Thou.

$

000

$

21

For 19 and 20 , what are the amounts
by which the transaction value:
301

A. Exceeds the value carried on the books of the affiliate?. . . . . .

$

B. Is less than the value carried on the books of the affiliate?. . . .
Page 6

000

Bil.

Dols.

000
Mil.

$

Please continue on next page

Dols.

(2)

Thou.

302

Bil.
311

Thou.

$

(1)

Mil.

Mil.

For liquidation or sale 20

For acquisition 19
Bil.

Dols.

000

Bil.
292
C. Sale (partial or total) of an equity interest in this affiliate by the U.S. Reporter to other
U.S. persons? Give name and address of new owner.. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Dols.

Thou.

000

Thou.

$

Dols.

$

Dols.

000
Bil.

312

Mil.

Mil.

Thou.

Dols.

000
12/2013
FORM BE-577 (Rev. 3/2013)

Affiliate ID

Part IV – Selected Annual Data
• Complete once a year, no later than the second report following the close of the fiscal year.
• If an initial report, complete 22 – 26 as of the ending date of the quarter for the initial report.
• Include the cumulative translation adjustment in 25 D or 26 as appropriate.
• Retained earnings (deficit) of unconsolidated indirectly-owned affiliates should be included on the
report of the directly-owned foreign affiliate parent in 25 C or 26 as appropriate, on an equity
basis.

Month
Day
Year
MM/DD/YYYY
322

22 What is the foreign affiliate’s fiscal year (or, if initial report, quarter) ending date?. . . . . . . . . . . . . . .
23 What is the U.S. Reporter’s percent of direct ownership based on equity interest

__/__/____

332

if an incorporated affiliate, or an equivalent interest in an unincorporated
affiliate? Round to the nearest tenth of one percent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

___ ___ ___ . ___

%

U.S. Reporter’s Equity in Foreign Affiliate’s Annual Net Income (Loss)
Bil.

24 What is the U.S. Reporter’s direct equity in the affiliate’s annual net income (loss) after

342

provision for foreign income taxes?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mil.

Thou.

$

Dols.

000

• Include, on an equity basis, this foreign affiliate’s share of net income (loss) in all unconsolidated
foreign enterprises it owns.
• Report annual net income (loss) calculated on the same basis used for calculating quarterly net
income (loss), 13 A.
U.S. Reporter’s Share of Total Owners’ Equity in Foreign Affiliate at Year End
(Or Quarter End if an Initial Report)
25 What is the U.S. Reporter’s direct equity in the incorporated foreign affiliate:

Bil.
352

A. Total equity – Equals the sum of 25 B through 25 E . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

B. Capital stock and additional paid-in capital. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

C. Retained earnings (deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Accumulated other comprehensive income (loss)

D. Translation adjustment component. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

E. All other components including other comprehensive income (loss) . . . . . . . . . . . . . . . . . . . . . . . . . . .

402

foreign affiliate?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Mil.

Thou.

$

Dols.

Dols.

000
Mil.

Thou.

$

Dols.

000
Mil.

Thou.

$

Dols.

000
Bil.

26 What is the U.S. Reporter’s share of total owners’ equity in the unincorporated

Thou.

000

Bil.
392

Mil.

$

Bil.
382

Dols.

000

Bil.
372

Thou.

$
Bil.

362

Mil.

$

Mil.

Thou.

Dols.

000

• In calculating owner’s equity, any assets or liabilities of the affiliate carried on any owners’, as
well as those carried on the affiliate’s books, should be included.
• Owner’s equity should include cumulative earnings not distributed.

STOP
12/2013
FORM BE-577 (Rev. 3/2013)

Do not continue to page 8 UNLESS your company is exempt from reporting.
Please refer to the instruction about Basic Requirements on page 1 for more information.

Page 7

Affiliate ID

Part V – Certification of Exemption
If the affiliate is exempt, complete 27 or 28 below to indicate reason.
27 Is the affiliate exempt because none of the three items below was greater than

$60 million (positive or negative) at any time during the affiliate’s fiscal year?
480 1
1

1

Yes – Provide amounts below

2

No – SKIP to 28

Bil.

Mil.

Thou.

Dols.

481

A. Total assets. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

000
Bil.

Mil.

Thou.

Dols.

491

B. Annual sales or gross operating revenues, excluding sales taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

000
Bil.

Mil.

Thou.

Dols.

501

C. Annual net income after provision for foreign income taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

502
D. What is the affiliate’s ending date of its financial reporting year for the amounts reported in
27 A, B, and C?. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

$

000

Month
Day
Year
MM/DD/YYYY

__/__/____

Is the affiliate exempt because it is indirectly owned and neither of the following items exceeds $1 million?

28

• Foreign affiliate’s end-of-quarter payables to the U.S. Reporter (Item 17 A)
• Foreign affiliate’s end-of-quarter receivables from the U.S. Reporter (Item 17 B)
505 1

1

Yes – Provide the top foreign affiliate parent information below

2

No

1

What is the name and ID number (if available) of the top
009
foreign affiliate parent in this affiliate’s ownership
chain that is directly owned by the U.S. Reporter? . . . . . . . . . . . . . .
Refer to examples on page 2

0

Remarks

BEA USE ONLY
Page 8

462

463

464

465

466

467

468

469

12/2013
FORM BE-577 (Rev. 3/2013)

Survey Information
Purpose – Reports on this form are required in order to provide reliable and up-to-date information on U.S. direct investment abroad
for inclusion in the U.S. international transactions and the national income and product accounts.
Authority – This survey is being conducted under the International Investment and Trade in Services Survey Act (P.L. 94-472, 90
Stat. 2059, 22 U.S.C. 3101-3108 as amended) – hereinafter “the Act”, and the filing of reports is mandatory under Section 5(b) (2) of
the Act (22 U.S.C. 3104). All persons contacted by BEA in writing must respond pursuant to section 801.3 of 15 C.F.R. pt. 801 and
the survey instructions.
Penalties – Whoever fails to report may be subject to a civil penalty of not less than $2,500, and not more than $32,500,
$25,000, and to
injunctive relief commanding such person to comply, or both. Whoever willfully fails to report shall be fined not more than $10,000
and, if an individual, may be imprisoned for not more than one year, or both. Any officer, director, employee, or agent of any
corporation who knowingly participates in such violation, upon conviction, may be punished by a like fine, imprisonment, or both.
(22 U.S.C. 3105.) Civil penalties are subject to inflationary adjustments. Those adjustments are found in 15 CFR 6.4.
Notwithstanding any other provision of the law, no person is required to respond to, nor shall any person be subject to a penalty for
failure to comply with, a collection of information subject to the requirements of the Paperwork Reduction Act, unless that collection of
information displays a currently valid OMB Control Number.
Respondent Burden – Public reporting burden for this collection of information is estimated to average 1 hour per response,
including the time for reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and
completing and reviewing the collection of information. Send comments regarding this burden estimate or any other aspect of this
collection of information, including suggestions for reducing this burden to: Director, Bureau of Economic Analysis (BE-1), U.S.
Department of Commerce, Washington, DC 20230; and to the Office of Management and Budget, Paperwork Reduction Project
0608-0004, Washington, DC 20503.
Confidentiality – The Act provides that your report is CONFIDENTIAL and may be used only for analytical or statistical purposes.
Without your prior written permission, the information filed in your report CANNOT be presented in a manner that allows it to be
individually identified. Your report CANNOT be used for purposes of taxation, investigation, or regulation. Copies retained in your files
are immune from legal process.
Accounting methods and records – Follow generally accepted U.S. accounting principles unless otherwise specified in the
instructions. Corporations should generally use the same methods and records used to generate reports to stockholders, except
where otherwise instructed. Generate reports for unincorporated persons on an equivalent basis. Financial Accounting Standards
Board Accounting Standards Codification Topics are referred to as “FASB ASC” in the instructions.
Retention of copies – Retain a copy of filed reports for 3 years beyond the report’s original due date.
Retroactive reports – Quarterly reports for a year may be required retroactively when it is determined that the exemption level has
been exceeded. If a foreign affiliate’s total assets, sales, or net income (loss) exceed the exemption level in a given year, it is deemed
that the exemption level will also be exceeded in the following year. A U.S. Reporter claiming exemption from filing a given report
must complete the Certification of Exemption, giving the levels of total assets, sales, and net income (loss).
Definitions
Affiliate means a business enterprise located in one country which is directly or indirectly owned or controlled by a person of another
country to the extent of 10 percent or more of its voting securities for an incorporated business or an equivalent interest for an
unincorporated business enterprise, including a branch.
Branch means the operations or activities conducted by a person in a different location in its own name rather than through an
incorporated entity.
Business enterprise means any organization, association, branch, or venture which exists for profit making purposes or to otherwise
secure economic advantage, and any ownership of any real estate.
Certain gains (losses) – Certain gains (losses) after provision for foreign income taxes.
a. Sale or disposition of financial assets including investment securities; FASB ASC 320 (FAS 115 - Accounting for Certain
Investments in Debt and Equity Securities) holding gains (losses) on securities classified as trading securities; FASB ASC 320
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 on page 11;
b. Sales or dispositions of land, other property, plant and equipment, or other assets, and FASB ASC 360 (FAS 144 - Accounting for the
Impairment or Disposal of Long-Lived Assets) 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 on page 11;
c. Goodwill impairment as defined by FASB ASC 350 (FAS 142 - Goodwill and Other Intangible Assets);
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;
e. Disposals of discontinued operations. Exclude income from the operations of a discontinued segment;
f. Remeasurement of foreign affiliate’s foreign-currency-denominated assets and liabilities due to changes in foreign exchange rates
during the reporting period;
Certain gains (losses) continued on page 10
FORM BE-577 (Rev. 12/2013)

Page 9

Definitions (Continued)
Certain gains (losses) continued
g. The cumulative effect of a change in accounting principle;
h. 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.
i. The cumulative effect of a change in the estimate of stock compensation forfeitures under FASB ASC 718
(FAS 123(R) – Share-Based Payments).
Direct investment means the ownership or control, directly or indirectly by one person of 10 percent or more of the voting
securities of an incorporated foreign business enterprise or an equivalent interest in an unincorporated foreign business
enterprise, including a branch.
Foreign, when used in a geographic sense, means that which is situated outside the United States or which belongs to or is
characteristic of a country other than the United States.
Foreign affiliate means an affiliate located outside the United States in which a U.S. person has direct investment.
Foreign affiliate parent means a U.S. Reporter’s foreign affiliate that has an equity interest in another foreign affiliate of the
U.S. Reporter.
Foreign person means any person resident outside the United States or subject to the jurisdiction of a country other than the
United States.
Lease is an arrangement conveying the right to use property, plant, or equipment (i.e., land and/or depreciable assets),
usually for a stated period of time.
a. Capital lease – A long-term lease under which transfer of ownership is recognized at the inception of the lease. These may
be shown as lease contracts or accounts receivable on the lessor’s books. The asset would not be considered to be owned by
the lessor.
b. Operating lease – Generally a lease with a term which is less than the useful life of the asset and in which a transfer of
ownership is not contemplated.
Person (as the term is used in the broad legal sense) means any individual, branch, partnership, associated group,
association, estate, trust, corporation, or other organization (whether or not organized under the laws of any state), and any
government (including a foreign government, the United States Government, a state or local government, and any agency
corporation, financial institution, or other entity or instrumentality thereof, including a government sponsored agency).
Rules for consolidation – The following rules should be used in determining which foreign business enterprises may be
consolidated on one foreign affiliate form.

Are the foreign business enterprises located in the
same country?

No

Do not consolidate

No

Do not consolidate

Yes
Are the foreign business enterprises in the same 4-digit
International Surveys Industry (ISI) classification or
integral parts of the same business operation?
Yes
Are the foreign business enterprises owned by the
same immediate parent?

Yes
Are the foreign business enterprises foreign bank
branches?

Yes

No

Must consolidate

May consolidate

No

Is one of the foreign business enterprises 100% owned
by the other business enterprise?

Yes

No

May consolidate

Do not consolidate

Note: Foreign business enterprises that have an equity investment in an unconsolidated business enterprise should report
that investment using the equity method of accounting.
Page 10

12/2013
FORM BE-577 (Rev. 3/2013)

Definitions (Continued)
United States, when used in a geographic sense, means the several States, the District of Columbia, the Commonwealth of
Puerto Rico, and all territories and possessions of the United States.
U.S. person means any person resident in the United States or subject to the jurisdiction of the United States.
U.S. Reporter means the U.S. person that has direct investment in a foreign business enterprise, including a branch. If the
U.S. person is an incorporated business enterprise, the U.S. Reporter is the fully consolidated U.S. domestic enterprise, which
is defined as: (1) the U.S. corporation whose voting securities are not owned more than 50 percent by another U.S. corporation,
and (2) proceeding down each ownership chain from that U.S. corporation, any U.S. corporation whose voting securities are
more than 50 percent owned by the U.S. corporation above it. This consolidation excludes foreign branches and all other
foreign affiliates.
Special Instructions for reporting unincorporated foreign affiliates of U.S. Reporters
U.S. Reporters that cannot distinguish between equity and debt investment in their unincorporated foreign
affiliates: if your accounting records do not distinguish between intercompany debt ( 17 A and 17 B) and equity 26 , then:
1. Compute the net change in the home office account. (This equals: End-of-quarter home office account minus
beginning-of-quarter home office account.)
2. Subtract net income (loss) 13 A, certain realized and unrealized gains (losses) taken directly to other
comprehensive income or owner’s equity 13 B2, and the quarterly translation adjustment 13 C.
3. If the amount computed in 2. is positive, show it as an increase in equity 19 B. If the amount computed
in 2. is negative, show it as a remittance of earnings ( 13 D and 13 F) to the extent that there is quarterly
net income; show the residual, if any, as a decrease in equity 20 B. 17 A and 17 B should be blank.
Special Instructions for dealers in financial instruments and finance and insurance:
Dealers in financial instruments (including securities, currencies, derivatives, and other financial instruments) and
finance and insurance companies:
• Include in 13 B1 (1) impairment losses as defined by FASB ASC 320 (FAS 115), (2) realized gains or losses on trading or
dealing, and (3) 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).
• Include unrealized gains or losses due to changes in the valuation of financial instruments that are taken directly to other
comprehensive income in 13 B2. Include income from explicit fees and commissions in 13 A.
Special Instructions for real estate companies:
Real estate companies:
Report gains or losses from the sale, disposition, or revaluation of land, other property, plant and equipment, or other assets
as follows:
Realized gains and losses
• Include gains or losses from sale of real estate in the ordinary course of trade or business in net income, 13 A.
• Do NOT include these gains and losses in 13 B1 or in 13 B2.
Impairment of long-lived assets
• Include impairment losses, as defined by FASB ASC 360 (FAS 144), and recognized during the period, in
net income, 13 A and in 13 B1.
Unrealized gains
• Include gains recognized due to the revaluation of real estate assets in 13 B1.
• Include goodwill impairment as defined by FASB ASC 350 (FAS 142).

12/2013
FORM BE-577 (Rev.3/2013)

Page 11

Summary of Industry Classifications
Agriculture, Forestry, Fishing, and Hunting
1110 Crop production
1120 Animal production
1130 Forestry and logging
1140 Fishing, hunting, and trapping
1150 Support activities for agriculture
and forestry
Mining
2111 Oil and gas extraction
2121 Coal
2123 Nonmetallic minerals
2124 Iron ores
2125 Gold and silver ores
2126 Copper, nickel, lead, and zinc ores
2127 Other metal ores
2132 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 Animal foods
3112 Grain and oilseed milling
3113 Sugar and confectionery products
3114 Fruit and vegetable preserving and
specialty foods
3115 Dairy products
3116 Meat products
3117 Seafood product preparation and
packaging
3118 Bakeries and tortillas
3119 Other food products
3121 Beverages
3122 Tobacco
3130 Textile mills
3140 Textile product mills
3150 Apparel
3160 Leather and allied products
3210 Wood products
3221 Pulp, paper, and paperboard mills
3222 Converted paper products
3231 Printing and related support activities
3242 Integrated petroleum refining and
extraction
3243 Petroleum refining without extraction
3244 Asphalt and other petroleum and coal
products
3251 Basic chemicals
3252 Resins, synthetic rubbers, and
artificial and synthetic fibers and
filaments
3253 Pesticides, fertilizers, and other
agricultural chemicals
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 and ferroalloys
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 handtools
3323 Architectural and structural metals
3324 Boilers, tanks, and shipping containers
3325 Hardware
3326 Spring and wire products
3327 Machine shops; 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

Page 12

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 vehicles 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 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 Paper and paper product
4242 Drugs and druggists’ sundries
4243 Apparel, piece goods, and notions
4244 Grocery and related product
4245 Farm product raw material
4246 Chemical and allied products
4247 Petroleum and petroleum products
4248 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 Motor vehicle and parts dealers
4420 Furniture and home furnishings
4431 Electronics and appliance
4440 Building material and garden
equipment and supplies dealers
4450 Food and beverage
4461 Health and personal care
4471 Gasoline stations
4480 Clothing and clothing accessories
4510 Sporting goods, hobby, book, and music
4520 General merchandise
4530 Miscellaneous store retailers
4540 Nonstore retailers
Transportation and Warehousing
4810 Air transportation
4821 Rail transportation
4833 Petroleum tanker operations
4839 Other water transportation
4840 Truck transportation
4850 Transit and ground passenger
transportation
4863 Pipeline transportation of crude oil, refined
petroleum products, and natural gas
4868 Other pipeline transportation
4870 Scenic and sightseeing transportation
4880 Support activities for transportation
4920 Couriers and messengers
4932 Petroleum storage for hire
4939 Other warehousing and storage
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
5171 Wired telecommunications carriers
5172 Wireless telecommunications carriers,
except satellite
5174 Satellite telecommunications
5179 Other telecommunications
5182 Data processing, hosting, and related services
5191 Other information services

Finance and Insurance
5221 Depository credit intermediation (Banking)
5223 Activities related to credit intermediation
5224 Nondepository credit intermediation
5229 Nondepository 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 life insurance
carriers
5249 Life insurance carriers
5252 Funds, trusts, and other financial vehicles
Real Estate and Rental and Leasing
5310 Real estate
5321 Automotive equipment rental and leasing
5329 Other rental and leasing services
5331 Lessors of nonfinancial intangible assets,
except copyrighted works
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
Management of Companies and Enterprises
5512 Holding companies, except bank holding
companies
5513 Corporate, subsidiary, and regional
management offices
Administrative and Support and Waste
Management and Remediation Services
5611 Office administrative services
5612 Facilities support services
5613 Employment services
5614 Business support services
5615 Travel arrangement and reservation
services
5616 Investigation and security services
5617 Services to buildings and dwellings
5619 Other support services
5620 Waste management and remediation
services
Educational Services
6110 Educational services
Health Care and Social Assistance
6210 Ambulatory health care services
6220 Hospitals
6230 Nursing and residential care facilities
6240 Social assistance
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
12/2013
FORM BE-577 (Rev. 3/2013)

11/30/2016
OMB No. 0608-0004: Approval Expires 12/31/2013

Affiliate ID

BE-577 Summary Form
2/16–5/15

5/16–8/15

Item

Data Item

Line

1

Resubmission? Y/N

000

3

U.S. Reporter

003

5

Affiliate name

004

6

Country located

005

7

Incorp same ctry? Y/N

007

8

Industry: curr, revised

006

9

Status, date

008

10

How many consol?

010

11

Type of eqty int

011

12

FA parent

009

13A

Net income

101

13B1

Certain gains (losses)

111

13B2

Oth comp Inc

121

13C

Translation adj

131

13D

Dividends (gross)

141

13E

Dividend - fgn tax withheld

151

13F

Dividends (net)

161

14

Is affiliate a bank? Y/N

012

15

Is USR a bank? Y/N

16A

USR consol Ins RE Leas? Y/N

16B
17A

8/16–11/15

11/16–2/15

Col 1

Year

Col 2

Yes

No

Yes

No

Notes

0
%

0

013

Yes
Yes

No
No

014

Yes

No

USR consol banks? Y/N

015

Yes

No

U.S. rec: beg, end

221/222

17B

U.S. pay: beg, end

231/232

18A

Int receipts

171

18B

Int payments

172

19A

Estab or acq

242

19B

Capital contribution

252

19C

Acq fm oth U.S. pers

262

20A

Liq or sale

272

20B

Ret of capital contrib

282

20C

Sale to oth U.S. pers

292

21A

Exceeds book value

301/302

21B

Less than book value

311/312

22

FYE

322

23

Direct own %

332

24

Annual net Inc (loss)

342

25A

Total equity, inc

352

25B

Capital stock

362

25C

Retained earnings

372

25D

Translation adj

382

25E

Oth comp inc

392

26

Total equity, uninc

402

%

Note: The line items on this summary page have been abbreviated. For a full description please refer to the survey form.
FORM BE-577 (Rev.3/2013)
12/2013

Summary Form, Page 1 of 1

Page 13

11/30/2016
OMB No. 0608-0004: Approval Expires 12/31/2013

BE-577 Certification
of Exemption

Affiliate ID
2/16–5/15

5/16–8/15

Item

Data Item

Line

3

U.S. Reporter

003

5

Affiliate name

004

6

Country located

005

7

Incorp same ctry? Y/N

007

8

Industry: curr, revised

006

9

Status, date

008

27

Exempt on values? Y/N

480

27A

Total assets

481

27B

Annual sales

491

27C

Annual net income

501

27D

FYE

502

28

Indir exempt? Y/N ; FP

505/009

8/16–11/15

11/16–2/15

Col 1

Yes

Year

Col 2

Notes

No

0
Yes

Yes

No

No

Note: The line items on this summary page have been abbreviated. For a full description please refer to the survey form.

Page 14

Certification of Exemption, Page 1 of 1

FORM BE-577 (Rev. 12/2013
3/2013)