Ferraro 500 - 2012 Archive

The Ferraro 500 is a reorganization of the Fortune 500 by the size of the companies' Unrecognized Tax Benefit reserve ("Tax Reserve"). Under the accounting requirements of FIN 48, a company must reserve, or in other words "hold back," earnings for tax positions for which the company thinks the IRS has a greater likelihood of prevailing than the company. This Tax Reserve amount can be substantial, especially when compared to the annual revenue generated by the company. The issues that make up a company's Tax Reserve are generally disclosed to the IRS in a concise description on Schedule UTP. However, the details of the issues are contained in the tax accrual work papers of the company. The details in the tax accrual work papers often make for valuable tax whistleblower submissions.

The 2012 Ferraro 500

Archives: 2010, 2011, 2012, 2013, 2014

2012 Ferraro 500 Rank
(+/- Change)
Company 2012 Fortune 500 Rank 2011 Revenues
($ millions)
2011 Profits
($ millions)
2011 Tax Reserves
($ millions)
2010 Tax Reserves
($ millions)
% Change
1 (+2) Pfizer 40 67,932.0 10,009.0 7,309.0 6,759.0 8.1%
2 (-1) J.P. Morgan Chase & Co. 16 110,838.0 18,976.0 7,189.0 7,767.0 -7.4%
3 (+1) Microsoft 37 69,943.0 23,150.0 6,935.0 6,542.0 6.0%
4 (-2) General Electric 6 147,616.0 14,151.0 6,384.0 7,448.0 -14.3%
5 (0) AT&T 11 126,723.0 3,944.0 5,853.0 5,689.0 2.9%
6 (+2) International Business Machines 19 106,916.0 15,855.0 5,575.0 5,293.0 5.3%
7 (-1) Wells Fargo 26 87,597.0 15,869.0 5,005.0 5,500.0 -9.0%
8 (4) Exxon Mobil 1 452,926.0 41,060.0 4,922.0 4,148.0 18.7%
9 (-2) American International Group 33 71,730.0 17,798.0 4,279.0 5,296.0 -19.2%
10 (+1) Merck 57 48,047.0 6,272.0 4,277.0 4,919.0 -13.1%
11 (-2) Bank of America Corp. 13 115,074.0 1,446.0 4,203.0 5,169.0 -18.7%
12 (+2) Morgan Stanley 68 39,376.0 4,110.0 4,045.0 3,711.0 9.0%
13 (0) Citigroup 20 102,939.0 11,067.0 3,923.0 4,035.0 -2.8%
14 (+1) Chevron 3 245,621.0 26,895.0 3,481.0 3,507.0 -0.7%
15 (+4) Oracle 82 35,622.0 8,547.0 3,160.0 2,527.0 25.0%
16 (0) Verizon Communications 15 110,875.0 2,404.0 3,078.0 3,242.0 -5.1%
17 (+1) Cisco Systems 64 43,218.0 6,490.0 2,948.0 2,677.0 10.1%
18 (+2) Johnson & Johnson 42 65,030.0 9,672.0 2,699.0 2,307.0 17.0%
19 (-10) General Motors 5 150,276.0 9,190.0 2,370.0 5,169.0 -54.1%
20 (+5) Dell 44 62,071.0 3,492.0 2,194.0 1,983.0 10.6%
21 (3) PepsiCo 41 66,504.0 6,443.0 2,167.0 2,022.0 7.2%
22 (-5) Abbott Laboratories 71 38,851.3 4,728.4 2,123.0 2,724.0 -22.1%
23 (-2) Time Warner 103 28,974.0 2,886.0 2,122.0 2,100.0 1.0%
24 (-2) Hewlett-Packard 10 127,245.0 7,074.0 2,118.0 2,085.0 1.6%
25 (-2) Goldman Sachs Group 80 36,793.0 4,442.0 1,887.0 2,081.0 -9.3%
26 (0) Procter & Gamble 27 82,559.0 11,797.0 1,848.0 1,797.0 2.8%
27 (+10) Ford Motor 9 136,264.0 20,213.0 1,818.0 1,063.0 71.0%
28 (-1) Energy Future Holdings 357 7,040.0 -1,913.0 1,779.0 1,642.0 8.3%
29 (+6) Google 73 37,905.0 9,737.0 1,564.0 1,140.0 37.2%
30 (0) Kraft Foods 50 54,365.0 3,527.0 1,538.0 1,281.0 20.1%
31 (+1) Comcast 49 55,842.0 4,160.0 1,435.0 1,251.0 14.7%
32 (+9) Apple 17 108,249.0 25,922.0 1,375.0 943.0 45.8%
33 (-2) Johnson Controls 67 40,833.0 1,624.0 1,357.0 1,262.0 7.5%
34 (-1) Freddie Mac 25 88,262.0 -5,266.0 1,355.0 1,220.0 11.1%
35 (-7) Eli Lilly 119 24,286.5 4,347.7 1,274.8 1,619.6 -21.3%
36(-7) American Express 95 32,282.0 4,935.0 1,223.0 1,377.0 -11.2%
37 (-1) ConocoPhillips 4 237,272.0 12,436.0 1,071.0 1,125.0 -4.8%
38 (+4) Amgen 168 15,582.0 3,683.0 975.0 920.0 6.0%
39 (+10) Caterpillar 46 60,138.0 4,928.0 958.0 789.0 21.4%
40 (-1) Boston Scientific 335 7,622.0 441.0 952.0 965.0 -1.3%
41 (+3) United Technologies 48 58,190.0 4,979.0 946.0 891.0 6.2%
42 (-8) Boeing 39 68,735.0 4,018.0 939.0 1,198.0 -21.6%
43 (-5) Berkshire Hathaway 7 143,688.0 10,254.0 928.0 1,005.0 -7.7%
44 (+125) International Paper 111 26,034.0 1,341.0 857.0 199.0 330.7%
45 (+27) Visa 281 9,188.0 3,650.0 850.0 545.0 56.0%
46 (+7) Public Service Enterprise Group 240 11,191.0 1,503.0 825.0 756.0 9.1%
47 (+4) Honeywell International 77 37,059.0 2,067.0 815.0 757.0 7.7%
48 (-1) Entergy 239 11,229.1 1,346.4 812.1 805.5 0.8%
49 (+1) Exelon 145 18,924.0 2,495.0 807.0 787.0 2.5%
50 (+7) DuPont 72 38,719.0 3,474.0 800.0 693.0 15.4%
51 (+22) Medtronic 164 15,933.0 3,096.0 769.0 538.0 42.9%
52 (-7) Fannie Mae 8 137,451.0 -16,855.0 758.0 864.0 -12.3%
53 (+1) Cardinal Health 21 102,644.2 959.0 746.8 730.6 2.2%
54 (+4) Walt Disney 66 40,893.0 4,807.0 718.0 680.0 5.6%
55 (-12) Bristol-Myers Squibb 134 21,244.0 3,709.0 704.0 919.0 -23.4%
56 (-10) MetLife 34 70,641.0 6,981.0 679.0 810.0 -16.2%
57 (+12) Edison International 211 12,760.0 -37.0 631.0 565.0 11.7%
58 (+2) Home Depot 35 70,395.0 3,883.0 621.0 662.0 -6.2%
59 (+17) Symantec 391 6,190.0 597.0 619.0 527.0 17.5%
60 (-12) Wal-Mart Stores 2 446,950.0 15,699.0 611.0 795.0 -23.1%
61 (N/A) Celgene 492 4,842.1 1,318.2 596.8 NR N/A
62 (0) McKesson 14 112,084.0 1,202.0 595.0 635.0 -6.3%
63 (0) 3M 102 29,611.0 4,283.0 594.0 622.0 -4.5%
64 (+2) McDonald's 107 27,006.0 5,503.1 565.0 572.6 -1.3%
65 (+2) Kimberly-Clark 137 20,846.0 1,591.0 558.0 568.0 -1.8%
66 (+18) CIT Group 489 4,855.3 26.7 549.2 451.6 21.6%
67 (-2) Yahoo 483 4,984.2 1,048.8 532.9 597.1 -10.8%
68 (0) Caesars Entertainment 288 8,834.5 -687.6 532.3 567.4 -6.2%
69 (+8) Danaher 158 16,476.4 2,172.3 518.3 517.5 0.2%
70 (+28) Discover Financial Services 300 8,550.3 2,226.7 506.9 373.3 35.8%
71 (-16) PG&E Corp. 179 14,956.0 844.0 506.0 714.0 -29.1%
72 (+18) HCA Holdings 94 32,506.0 2,465.0 494.0 413.0 19.6%
73 (+8) Dr Pepper Snapple Group 417 5,903.0 606.0 480.0 490.0 -2.0%
74 (0) U.S. Bancorp 132 21,399.0 4,872.0 479.0 532.0 -10.0%
75 (+11) AES 151 17,759.0 58.0 471.0 437.0 7.8%
76 (-15) Agilent Technologies 375 6,615.0 1,012.0 469.0 656.0 -28.5%
77 (+23) Sara Lee 220 12,103.0 1,287.0 462.0 367.0 25.9%
78 (+3) Baxter International 195 13,893.0 2,224.0 443.0 490.0 -9.6%
79 (-23) Illinois Tool Works 149 18,256.8 2,071.4 437.2 704.0 -37.9%
80 (+11) Northwestern Mutual 116 24,861.0 645.1 436.0 412.0 5.8%
81 (+12) Hess 74 37,871.0 1,703.0 415.0 400.0 3.8%
82 (+1) Liberty Global 261 10,246.5 -772.7 400.6 475.0 -15.7%
83 (+19) DirecTV 105 27,226.0 2,609.0 390.0 362.0 7.7%
84 (+8) Icahn Enterprises 223 11,855.0 750.0 388.0 407.0 -4.7%
85 (+18) Best Buy 53 50,272.0 1,277.0 387.0 359.0 7.8%
86 (+20) Duke Energy 186 14,529.0 1,706.0 385.0 342.0 12.6%
87 (+7) Altria Group 156 16,619.0 3,390.0 381.0 399.0 -4.5%
88 (-3) Baker Hughes 141 19,831.0 1,739.0 379.0 438.0 -13.5%
89 (+19) Kroger 23 90,374.0 602.0 375.0 333.0 12.6%
90 (+272) Chesapeake Energy 229 11,635.0 1,742.0 369.0 34.0 985.3%
91 (+4) Pepco Holdings 415 5,920.0 257.0 357.0 395.0 -9.6%
92 (+24) BlackRock 283 9,081.0 2,337.0 349.0 307.0 13.7%
93 (+14) Monsanto 224 11,822.0 1,607.0 348.0 341.0 2.1%
93 (+22) Yum Brands 213 12,626.0 1,319.0 348.0 308.0 13.0%
95 (+21) Dominion Resources 187 14,379.0 1,408.0 347.0 307.0 13.0%
96 (+16) Dow Chemical 47 59,985.0 2,742.0 339.0 319.0 6.3%
97 (+135) Newmont Mining 257 10,358.0 366.0 336.0 116.0 189.7%
98 (+1) First Data 243 10,713.6 -516.1 334.7 368.6 -9.2%
99 (+12) Liberty Mutual Insurance Group 84 34,671.0 365.0 332.0 321.0 3.4%
100 (-3) United Parcel Service 52 53,105.0 3,804.0 328.0 386.0 -15.0%
101 (+8) Valero Energy 12 125,095.0 2,090.0 326.0 330.0 -1.2%
102 (-6) Coca-Cola 59 46,542.0 8,572.0 320.0 387.0 -17.3%
103 (+10) Lincoln National 247 10,635.6 293.8 316.0 318.0 -0.6%
104 (-26) Ameren 340 7,531.0 519.0 305.0 517.0 -41.0%
105 (+18) BB&T Corp. 267 9,998.0 1,289.0 301.0 292.0 3.1%
106 (+20) Textron 236 11,275.0 242.0 294.0 285.0 3.2%
107 (N/A) Rock-Tenn 449 5,399.6 141.1 287.9 NR N/A
108 (-20) Computer Sciences 162 16,144.0 740.0 287.0 426.0 -32.6%
109 (-22) eBay 228 11,651.7 3,229.4 285.7 428.3 -33.3%
110 (55) Halliburton 118 24,829.0 2,839.0 274.0 209.0 31.1%
111 (-6) Capital One Financial 148 18,525.0 3,147.0 273.0 350.0 -22.0%
112 (+8) MeadWestvaco 406 6,079.0 246.0 268.0 301.0 -11.0%
113 (+59) DISH Network 191 14,048.4 1,515.9 266.7 193.3 38.0%
114 (+16) El Paso 488 4,860.0 141.0 266.0 276.0 -3.6%
115 (+35) Mosaic 268 9,937.8 2,514.6 263.5 228.8 15.2%
116 (+19) Mattel 388 6,266.0 768.5 262.6 252.6 4.0%
117 (+22) News Corp. 91 33,405.0 2,739.0 256.0 243.0 5.3%
118 (+170) Sealed Air 433 5,640.9 149.1 254.5 72.5 251.0%
119 (+21) Domtar 436 5,612.0 365.0 253.0 242.0 4.5%
120 (+6) NCR 447 5,443.0 53.0 252.0 285.0 -11.6%
121 (+64) Weyerhaeuser 374 6,618.0 331.0 251.0 180.0 39.4%
122 (+12) Staples 114 25,022.2 984.7 250.4 254.2 -1.5%
123 (+1) Bank of New York Mellon Corp. 166 15,804.0 2,516.0 250.0 289.0 -13.5%
124 (-23) Stryker 308 8,307.0 1,345.0 249.0 365.6 -31.9%
125 (0) Rite Aid 113 25,214.9 -555.4 247.7 287.0 -13.7%
126 (-46) PPL 212 12,756.0 1,495.0 246.0 496.0 -50.4%
127 (+22) Western Digital 276 9,526.0 726.0 245.0 230.0 6.5%
128 (+25) Eaton 163 16,049.0 1,350.0 236.0 224.0 5.4%
128 (-9) Target 38 69,865.0 2,929.0 236.0 302.0 -21.9%
130 (+33) Amazon.com 56 48,077.0 631.0 229.0 213.0 7.5%
131 (+22) Charter Communications 351 7,204.0 -369.0 228.0 224.0 1.8%
132 (-62) General Mills 181 14,880.2 1,798.3 226.2 552.9 -59.1%
133 (+48) Avaya 442 5,547.0 -863.0 226.0 185.0 22.2%
133 (+40) Genworth Financial 258 10,344.0 122.0 226.0 193.0 17.1%
135 (+16) Sprint Nextel 90 33,679.0 -2,890.0 225.0 228.0 -1.3%
135 (+45) Xerox 127 22,626.0 1,295.0 225.0 186.0 21.0%
137 (+20) Fluor 124 23,381.4 593.7 215.0 219.0 -1.8%
138 (-7) Stanley Black & Decker 252 10,437.6 674.6 214.2 273.6 -21.7%
139 (+57) MasterCard 370 6,714.0 1,906.0 214.0 165.0 29.7%
140 (+39) Broadcom 344 7,389.0 927.0 212.0 187.5 13.1%
140 (+20) Intel 51 53,999.0 12,942.0 212.0 216.0 -1.9%
140 (-12) Nike 136 20,862.0 2,133.0 212.0 282.1 -24.8%
140 (-22) Viacom 177 14,963.0 2,136.0 212.0 304.0 -30.3%
144 (-6) Celanese 368 6,763.0 607.0 211.0 244.0 -13.5%
145 (+101) Texas Instruments 200 13,735.0 2,236.0 210.0 103.0 103.9%
146 (-4) PNC Financial Services Group 165 15,820.0 3,056.0 209.0 238.0 -12.2%
147 (+51) St. Jude Medical 437 5,611.7 825.8 205.5 162.9 26.2%
148 (+11) Deere 97 32,012.5 2,799.9 199.0 218.0 -8.7%
149 (-74) Pitney Bowes 461 5,278.0 617.5 198.6 531.8 -62.7%
150 (+11) Ally Financial 201 13,642.0 -157.0 198.0 214.0 -7.5%
151 (-3) EMC 139 20,007.6 2,461.3 196.8 230.3 -14.5%
152 (+10) CBS 188 14,245.0 1,305.0 195.0 213.7 -8.8%
153 (+56) Quest Diagnostics 341 7,510.5 470.6 194.9 151.6 28.6%
154 (+29) Reinsurance Group of America 289 8,829.5 599.6 194.3 182.4 6.5%
155 (-11) Dover 304 8,501.9 895.2 193.2 234.2 -17.5%
156 (+18) Sears Holdings 65 41,567.0 -3,140.0 192.0 192.0 0.0%
157 (-12) Motorola Solutions 274 9,549.0 1,158.0 191.0 234.0 -18.4%
158 (-15) L-3 Communications 174 15,169.0 956.0 187.0 237.0 -21.1%
159 (+183) Avis Budget Group 418 5,900.0 -29.0 186.0 40.0 365.0%
160 (+28) SanDisk 430 5,662.1 987.0 185.8 172.1 8.0%
161 (+125) Ameriprise Financial 248 10,621.0 1,076.0 184.0 75.0 145.3%
161 (+31) PVH (formerly Phillips-Van Heusen) 419 5,890.6 317.9 184.0 169.6 8.5%
163 (-22) Constellation Energy 199 13,758.2 -340.3 181.1 239.8 -24.5%
164 (-17) Freeport-McMoRan Copper & Gold 135 20,880.0 4,560.0 180.0 233.0 -22.7%
165 (+1) Macy's 110 26,405.0 1,256.0 179.0 205.0 -12.7%
166 (-107) NRG Energy 284 9,079.0 197.0 178.0 663.0 -73.2%
166 (+11) Whirlpool 147 18,666.0 390.0 178.0 190.0 -6.3%
168 (+22) Colgate-Palmolive 155 16,734.0 2,431.0 176.0 171.0 2.9%
169 (-17) CC Media Holdings 394 6,161.4 -302.1 175.8 225.5 -22.0%
170 (+51) Avnet 108 26,534.4 669.1 175.2 132.8 31.9%
171 (+11) Tyson Foods 96 32,266.0 750.0 174.0 184.0 -5.4%
172 (+15) Progress Energy 286 8,907.0 575.0 173.0 176.0 -1.7%
173 (-9) Owens Corning 454 5,335.0 276.0 170.0 210.0 -19.0%
174 (-17) American Electric Power 176 15,116.0 1,941.0 168.0 219.0 -23.3%
174 (+30) Ralph Lauren 431 5,660.3 567.6 168.0 156.4 7.4%
176 (+2) Raytheon 117 24,857.0 1,866.0 167.0 188.0 -11.2%
177 (-6) Devon Energy 232 11,497.0 4,704.0 165.0 194.0 -14.9%
177 (+7) Supervalu 75 37,534.0 -1,510.0 165.0 182.0 -9.3%
179 (+28) Praxair 238 11,252.0 1,672.0 163.0 153.0 6.5%
180 (-13) Mylan 396 6,129.8 536.8 162.9 203.4 -19.9%
181 (+30) Goodrich 319 8,074.9 810.4 162.7 147.1 10.6%
182 (+9) Emerson Electric 120 24,234.0 2,480.0 162.0 170.0 -4.7%
183 (+18) Safeway 63 43,630.2 516.7 161.3 159.9 0.9%
184 (+29) Interpublic Group 358 7,014.6 532.3 161.0 146.7 9.7%
185 (+31) Terex 379 6,504.6 45.2 160.1 141.7 13.0%
186 (+46) Ashland 307 8,370.0 414.0 160.0 116.0 37.9%
187 (+8) Omnicom Group 196 13,872.5 952.6 157.8 165.1 -4.4%
188 (+58) Marathon Oil 173 15,282.0 2,946.0 157.0 103.0 52.4%
189 (-110) Starwood Hotels & Resorts 434 5,624.0 489.0 153.0 510.0 -70.0%
190 (+104) Cameron International 362 6,959.0 521.9 148.4 68.4 117.0%
191 (-2) TRW Automotive Holdings 161 16,244.0 1,157.0 148.0 172.0 -14.0%
192 (+33) Gilead Sciences 306 8,385.4 2,803.6 146.9 126.5 16.1%
193 (+12) Avery Dennison 367 6,786.7 190.1 146.6 154.2 -4.9%
194 (+18) Limited Brands 256 10,364.0 850.1 146.0 147.0 -0.7%
194 (+2) Lowe's 54 50,208.0 1,839.0 146.0 165.0 -11.5%
196 (+24) MGM Resorts International 331 7,849.3 3,114.6 145.8 134.4 8.5%
197 (+31) TJX 125 23,191.5 1,496.1 144.5 123.1 17.4%
198 (-29) Marsh & McLennan 231 11,526.0 993.0 143.0 199.0 -28.1%
199 (+31) Medco Health Solutions 36 70,063.3 1,455.7 140.7 118.8 18.4%
200 (N/A) CF Industries Holdings 402 6,097.9 1,539.2 137.1 NR N/A
201 (+63) Becton Dickinson 333 7,832.1 1,271.0 135.5 90.1 50.4%
202 (N/A) NetApp 474 5,122.6 673.1 133.3 NR N/A
203 (+47) SunTrust Banks 271 9,602.0 647.0 133.0 102.0 30.4%
204 (+23) Philip Morris International 99 31,097.0 8,591.0 132.0 125.0 5.6%
205 (+26) National Oilwell Varco 184 14,658.0 1,994.0 131.0 118.0 11.0%
206 (+53) Consolidated Edison 209 12,938.0 1,051.0 130.0 93.0 39.8%
207 (+186) SAIC 245 10,657.0 59.0 129.0 23.0 460.9%
207 (-51) UnitedHealth Group 22 101,862.0 5,142.0 129.0 220.0 -41.4%
209 (+15) Reynolds American 302 8,541.0 1,406.0 128.0 127.0 0.8%
210 (-64) Air Products & Chemicals 265 10,082.0 1,224.2 126.4 233.7 -45.9%
211 (+4) Bed Bath & Beyond 294 8,758.5 791.3 125.0 141.9 -11.9%
211 (+3) Owens-Illinois 345 7,358.0 -510.0 125.0 143.0 -12.6%
211 (-122) State Street Corp. 262 10,207.0 1,920.0 125.0 419.0 -70.2%
214 (-150) Western Union 445 5,491.4 1,165.4 123.7 618.7 -80.0%
215 (-86) Liberty Interactive (formerly Liberty Media) 230 11,624.0 912.0 123.0 280.0 -56.1%
215 (+7) Visteon 321 8,047.0 80.0 123.0 131.0 -6.1%
217 (+50) Micron Technology 291 8,788.0 167.0 121.0 88.0 37.5%
218 (+85) Thermo Fisher Scientific 225 11,780.2 1,329.9 120.3 62.1 93.7%
219 (+37) KBR 280 9,261.0 480.0 120.0 95.0 26.3%
219 (-98) Southern 152 17,657.0 2,203.0 120.0 296.0 -59.5%
221 (+14) Peabody Energy 316 8,096.0 957.7 119.6 111.0 7.7%
222 (+13) Tenneco 350 7,205.0 157.0 119.0 111.0 7.2%
223 (+73) VF 277 9,459.2 888.1 118.1 67.4 75.2%
224 (+28) Aon 235 11,287.0 979.0 118.0 100.0 18.0%
224 (+2) Northrop Grumman 104 28,058.0 2,118.0 118.0 126.0 -6.3%
226 (+106) FirstEnergy 160 16,258.0 885.0 117.0 45.0 160.0%
227 (+84) Principal Financial 295 8,709.6 715.0 114.3 54.8 108.6%
228 (-114) CenturyLink 171 15,351.0 573.0 111.0 311.1 -64.3%
229 (-23) Gannett 465 5,240.0 458.7 110.3 153.5 -28.1%
230 (-31) J.C. Penney 153 17,260.0 -152.0 110.0 162.0 -32.1%
230 (+4) United States Steel 140 19,884.0 -53.0 110.0 115.0 -4.3%
232 (+3) Meritor 481 4,990.0 63.0 109.0 111.0 -1.8%
233 (+2) PPG Industries 180 14,885.0 1,095.0 107.0 111.0 -3.6%
233 (+37) Union Pacific 143 19,557.0 3,292.0 107.0 86.0 24.4%
235 (+41) Costco Wholesale 24 88,915.0 1,462.0 106.0 83.0 27.7%
236 (+6) Automatic Data Processing 269 9,879.5 1,254.2 105.7 107.2 -1.4%
237 (-14) NiSource 409 6,019.1 299.1 105.3 129.2 -18.5%
238 (-30) Norfolk Southern 241 11,172.0 1,916.0 105.0 152.0 -30.9%
239 (-37) Estée Lauder 290 8,810.0 700.8 104.8 157.3 -33.4%
240 (+41) Cliffs Natural Resources 366 6,794.3 1,619.1 102.1 79.8 27.9%
241 (+57) Gap 185 14,549.0 833.0 102.0 67.0 52.2%
242 (+12) Kohl's 146 18,804.0 1,167.0 101.0 96.0 5.2%
243 (+40) Rockwell Collins 496 4,825.0 634.0 100.0 78.0 28.2%
244 (+14) Franklin Resources 353 7,140.0 1,923.6 99.7 93.3 6.9%
245 (-2) Dole Food 349 7,223.8 38.4 97.4 106.4 -8.5%
246 (-6) Apache 154 16,888.0 4,584.0 97.0 110.0 -11.8%
246 (+28) Clorox 456 5,326.0 557.0 97.0 84.0 15.5%
248 (-144) Qualcomm 178 14,962.0 4,260.0 96.0 353.0 -72.8%
249 (+10) Walgreen 32 72,184.0 2,714.0 94.0 93.0 1.1%
250 (+1) WellPoint 45 60,710.7 2,646.7 93.2 100.4 -7.2%
251 (+34) CBRE Group (formerly CB Richard Ellis Group) 416 5,912.1 239.2 91.7 77.2 18.8%
252 (+17) Goodyear Tire & Rubber 126 22,767.0 343.0 90.0 87.0 3.4%
252 (-181) Prudential Financial 55 49,045.0 3,666.0 90.0 552.0 -83.7%
254 (+46) Ecolab 365 6,798.5 462.5 89.5 66.2 35.2%
254 (-1) Newell Rubbermaid 414 5,923.4 125.2 89.5 96.8 -7.5%
256 (N/A) Timken 470 5,170.2 454.3 87.2 NR N/A
257 (-40) Unum Group 260 10,278.0 235.4 86.9 138.9 -37.4%
258 (+13) Cummins 150 18,048.0 1,848.0 86.0 85.0 1.2%
259 (N/A) Wynn Resorts 462 5,269.8 613.4 85.5 NR N/A
260 (-42) Coventry Health Care 219 12,186.7 543.1 85.4 136.3 -37.3%
261 (-6) SPX 446 5,461.9 180.6 85.2 95.5 -10.8%
262 (+20) Jabil Circuit 157 16,518.8 381.1 84.9 78.1 8.7%
263 (+15) Parker Hannifin 216 12,345.9 1,049.1 81.2 82.1 -1.1%
264 (-7) Masco 338 7,560.0 -575.0 81.0 94.0 -13.8%
265 (-4) Nucor 138 20,023.6 778.2 80.9 92.8 -12.8%
266 (+5) Momentive Specialty Chemicals 452 5,352.0 118.0 80.0 85.0 -5.9%
267 (+7) Archer Daniels Midland 28 80,676.0 2,036.0 79.0 84.0 -6.0%
267 (-27) Sempra Energy 266 10,036.0 1,357.0 79.0 110.0 -28.2%
269 (-66) R.R. Donnelley & Sons 249 10,611.0 -122.6 76.4 157.1 -51.4%
270 (-133) Eastman Kodak 408 6,022.0 -764.0 76.0 245.0 -69.0%
270 (+9) Spectra Energy 438 5,602.0 1,184.0 76.0 82.0 -7.3%
272 (+27) Rockwell Automation 410 6,000.4 697.8 75.1 66.3 13.3%
273 (-6) Calpine 364 6,800.0 -190.0 74.0 88.0 -15.9%
274 (-9) Sysco 69 39,323.5 1,152.0 72.1 89.9 -19.8%
275 (+50) AGCO 292 8,773.2 583.3 71.1 48.2 47.5%
276 (+21) Ryder System 407 6,050.5 169.8 69.2 67.1 3.1%
277 (+62) Advanced Micro Devices 378 6,568.0 491.0 69.0 42.0 64.3%
277 (+2) FedEx 70 39,304.0 1,452.0 69.0 82.0 -15.9%
279 (+26) Ball 297 8,630.9 444.0 68.8 60.1 14.5%
280 (+12) CHS 78 36,915.8 961.4 67.3 69.4 -3.0%
281 (+65) Occidental Petroleum 122 24,216.0 6,771.0 67.0 38.0 76.3%
282 (-38) Kellogg 205 13,198.0 1,231.0 66.0 104.0 -36.5%
283 (+21) Foot Locker 435 5,623.0 278.0 65.0 62.0 4.8%
284 (+9) Cablevision Systems 348 7,252.3 291.9 64.6 68.7 -6.0%
284 (+39) Steel Dynamics 323 7,997.5 278.1 64.6 49.4 30.8%
286 (-57) Biogen Idec 476 5,048.6 1,234.4 64.4 121.5 -47.0%
287 (+14) Arrow Electronics 133 21,390.3 598.8 63.5 66.1 -3.9%
288 (+33) Genuine Parts 214 12,458.9 565.1 59.5 50.2 18.5%
289 (-179) Applied Materials 251 10,517.0 1,926.0 59.0 328.0 -82.0%
290 (0) AECOM Technology 322 8,037.4 275.8 58.1 70.5 -17.6%
291 (+19) Jarden 371 6,679.9 204.7 57.8 55.7 3.8%
292 (-1) Harley-Davidson 458 5,311.7 599.1 57.1 69.8 -18.2%
293 (+23) McGraw-Hill 384 6,336.0 911.0 57.0 52.9 7.8%
294 (+99) Cognizant Technology Solutions 398 6,121.2 883.6 56.5 23.0 145.7%
294 (+19) ConAgra Foods 215 12,395.5 817.0 56.5 53.4 5.8%
294 (+22) Kinder Morgan 311 8,264.9 594.4 56.5 52.9 6.8%
294 (+39) Ross Stores 299 8,608.3 657.2 56.5 44.0 28.4%
298 (+4) General Cable 421 5,866.7 84.1 55.8 63.1 -11.6%
299 (-15) Booz Allen Hamilton Holding 439 5,591.3 84.7 54.9 77.3 -29.0%
300 (-145) Republic Services 314 8,192.9 589.2 54.3 222.8 -75.6%
301 (+6) Hershey 404 6,080.8 629.0 53.6 58.0 -7.6%
302 (+16) Oshkosh 337 7,584.7 273.4 53.3 52.1 2.3%
303 (+64) Allergan 448 5,419.1 934.5 53.0 32.5 63.1%
304 (-10) Starbucks 227 11,700.4 1,245.7 52.9 68.4 -22.7%
305 (-16) H.J. Heinz 244 10,706.6 989.5 52.7 70.7 -25.5%
305 (+7) Laboratory Corp. of America 443 5,542.3 519.7 52.7 53.6 -1.7%
307 (-121) Cigna 130 21,998.0 1,327.0 52.0 177.0 -70.6%
308 (+20) Alcoa 115 24,951.0 611.0 51.0 46.0 10.9%
308 (-172) CenterPoint Energy 305 8,450.0 1,357.0 51.0 252.0 -79.8%
310 (+10) Time Warner Cable 142 19,675.0 1,665.0 50.0 51.0 -2.0%
311 (+41) Lear 189 14,156.5 540.7 49.4 36.2 36.5%
312 (+2) Waste Management 203 13,378.0 961.0 49.0 53.0 -7.5%
313 (+52) Harris 413 5,924.6 588.0 48.4 33.2 45.8%
314 (+61) DTE Energy 287 8,897.0 711.0 48.0 28.0 71.4%
314 (+12) Hartford Financial Services 131 21,918.0 662.0 48.0 48.0 0.0%
316 (+83) Health Net 221 11,901.0 72.1 47.1 21.9 115.1%
317 (N/A) FMC Technologies 475 5,099.0 399.8 46.1 NR N/A
317 (+5) Mohawk Industries 432 5,642.3 173.9 46.1 49.9 -7.6%
319 (-5) Dana Holding 336 7,592.0 219.0 46.0 53.0 -13.2%
320 (+20) SLM 426 5,756.0 633.0 45.9 41.7 10.1%
321 (+30) O'Reilly Automotive 424 5,788.8 507.7 45.8 36.7 24.8%
322 (+16) Fidelity National Information Services 425 5,757.4 469.6 45.5 42.7 6.6%
323 (+34) Las Vegas Sands 278 9,410.7 1,560.1 43.4 35.8 21.2%
324 (+31) Campbell Soup 334 7,719.0 805.0 43.0 36.0 19.4%
325 (+54) Dollar General 183 14,807.2 766.7 42.0 26.4 59.1%
325 (-17) Toys "R" Us 194 13,909.0 149.0 42.0 57.0 -26.3%
327 (-21) Dean Foods 207 13,055.5 -1,575.6 41.7 58.2 -28.4%
328 (+30) Sanmina-SCI 376 6,602.4 68.9 41.5 35.0 18.6%
329 (-1) Loews 190 14,127.0 1,064.0 41.0 46.0 -10.9%
330 (0) AK Steel Holding 381 6,468.0 -155.6 40.7 45.1 -9.8%
331 (+5) Huntsman 237 11,259.0 247.0 39.0 43.0 -9.3%
331 (+12) Marriott International 217 12,317.0 198.0 39.0 39.0 0.0%
331 (+15) Regions Financial 343 7,427.0 -215.0 39.0 38.0 2.6%
334 (+24) CVS Caremark 18 107,750.0 3,461.0 38.0 35.0 8.6%
334 (-71) Williams 325 7,930.0 376.0 38.0 91.0 -58.2%
336 (-74) Consol Energy 399 6,117.2 632.5 37.6 91.3 -58.8%
337 (N/A) Frontier Communications 464 5,243.0 149.6 37.5 NR N/A
338 (+10) Crown Holdings 296 8,644.0 282.0 37.0 37.0 0.0%
338 (-92) Travelers Cos. 112 25,446.0 1,426.0 37.0 103.0 -64.1%
340 (-67) Avon Products 234 11,291.6 513.6 36.0 84.3 -57.3%
341 (+9) AmerisourceBergen 29 80,217.6 706.6 35.8 36.8 -2.7%
341 (-14) Shaw Group 412 5,937.7 -175.0 35.8 47.3 -24.3%
343 (-94) NII Holdings 369 6,719.3 198.8 35.6 102.9 -65.4%
344 (N/A) Corn Products International 390 6,219.4 415.7 35.0 NR N/A
344 (+14) Tenet Healthcare 272 9,601.0 82.0 35.0 35.0 0.0%
346 (+28) Alliant Techsystems 491 4,842.3 313.2 34.7 29.5 17.6%
346 (-5) Xcel Energy 246 10,654.8 841.2 34.7 40.5 -14.3%
348 (-24) Aramark 204 13,244.7 100.1 34.0 49.3 -31.0%
349 (-15) Smithfield Foods 218 12,202.7 521.0 33.6 43.2 -22.2%
350 (+35) EOG Resources 263 10,126.1 1,091.1 33.0 25.0 32.0%
351 (+2) Health Management Associates 423 5,822.1 178.7 31.5 36.1 -12.7%
352 (+130) Jacobs Engineering Group 254 10,381.7 331.0 31.1 N/A N/A
353 (+35) Aflac 128 22,171.0 1,964.0 31.0 24.0 29.2%
353 (+15) Anadarko Petroleum 192 13,967.0 -2,649.0 31.0 32.0 -3.1%
353 (+9) Tesoro 101 29,927.0 546.0 31.0 34.0 -8.8%
356 (-12) AutoZone 320 8,073.0 849.0 29.9 38.6 -22.5%
357 (N/A) Allegheny Technologies 468 5,183.0 214.3 29.7 NR N/A
357 (13) Sherwin-Williams 293 8,765.7 441.9 29.7 31.3 -5.1%
359 (3) Telephone & Data Systems 469 5,180.5 200.6 28.8 34.0 -15.3%
360 (N/A) Alpha Natural Resources 356 7,109.2 -677.4 28.7 NR N/A
361 (+48) CH2M Hill 440 5,555.2 113.3 27.4 18.3 49.7%
362 (-32) YRC Worldwide 487 4,868.8 -351.3 27.1 45.1 -39.9%
363 (+16) Manpower 129 22,006.0 251.6 27.0 26.4 2.3%
363 (+16) Spectrum Group International 352 7,203.4 3.8 27.0 26.4 2.3%
365 (+26) Family Dollar Stores 301 8,547.8 388.4 26.3 23.4 12.4%
366 (+10) BorgWarner 355 7,114.7 550.1 26.2 27.6 -5.1%
367 (+21) Bemis 457 5,322.7 184.1 25.6 24.0 6.7%
367 (+15) World Fuel Services 85 34,622.9 194.0 25.6 26.3 -2.7%
369 (+18) GameStop 273 9,550.5 339.9 25.4 24.9 2.0%
370 (+15) Allstate 93 32,654.0 788.0 25.0 25.0 0.0%
371 (+19) Ingram Micro 81 36,328.7 244.2 24.9 23.6 5.5%
372 (+50) Advance Auto Parts 392 6,170.5 394.7 24.7 13.0 90.0%
373 (+68) Anixter International 386 6,270.1 188.2 24.2 5.9 310.2%
374 (-6) United Continental Holdings 76 37,110.0 840.0 24.0 32.0 -25.0%
375 (N/A) Motorola Mobility Holdings 206 13,064.0 -249.0 23.0 NR N/A
376 (-15) W.W. Grainger 318 8,078.2 658.4 22.8 34.1 -33.1%
377 (+27) CSX 226 11,743.0 1,822.0 22.0 20.0 10.0%
377 (-111) Delta Air Lines 83 35,115.0 854.0 22.0 89.0 -75.3%
377 (-29) SunGard Data Systems 480 4,991.0 -149.0 22.0 37.0 -40.5%
380 (-8) Darden Restaurants 342 7,500.2 476.3 21.9 30.4 -28.0%
381 (-3) Hertz Global Holdings 309 8,298.4 176.2 21.6 27.2 -20.6%
382 (+1) Hormel Foods 327 7,895.1 474.2 21.4 26.1 -18.0%
383 (+19) OfficeMax 354 7,121.2 34.9 21.2 20.9 1.4%
384 (+9) Corning 328 7,890.0 2,805.0 21.0 23.0 -8.7%
384 (-48) Nordstrom 242 10,877.0 683.0 21.0 43.0 -51.2%
386 (+21) CarMax 279 9,402.2 380.9 20.9 18.7 11.8%
386 (+24) PetSmart 400 6,113.3 290.2 20.9 16.7 25.1%
386 (+68) Wesco International 397 6,125.7 196.3 20.9 3.4 514.7%
389 (+26) J.M. Smucker 495 4,825.7 479.5 20.3 15.3 32.7%
390 (N/A) Marathon Petroleum 31 73,645.0 2,389.0 20.0 NR N/A
391 (+9) Henry Schein 303 8,530.2 367.7 19.2 21.8 -11.9%
392 (-148) Navistar International 193 13,958.0 1,723.0 19.0 104.0 -81.7%
392 (+35) Synnex 253 10,409.8 150.3 19.0 10.5 81.0%
394 (-2) Murphy Oil 98 31,446.3 872.7 18.9 23.2 -18.5%
395 (+25) Dick's Sporting Goods 466 5,211.8 263.9 18.7 13.6 37.5%
396 (-61) Paccar 159 16,355.2 1,042.3 18.3 43.1 -57.5%
397 (N/A) CVR Energy 477 5,029.1 345.8 17.7 NR N/A
398 (N/A) Aleris 494 4,826.4 161.6 17.6 NR N/A
399 (+20) Assurant 310 8,272.8 545.8 17.5 13.8 26.8%
400 (+6) Omnicare 389 6,239.9 86.9 17.1 19.0 -10.0%
401 (-24) Big Lots 467 5,202.3 207.1 16.8 27.3 -38.5%
402 (+13) Barnes & Noble 360 6,998.6 -73.9 16.7 15.3 9.2%
402 (-1) URS 275 9,545.0 -465.8 16.7 21.5 -22.3%
404 (+9) Reliance Steel & Aluminum 315 8,134.7 343.8 16.1 15.4 4.5%
405 (-1) Sunoco 61 45,765.0 -1,684.0 16.0 20.0 -20.0%
406 (+11) Dollar Tree 373 6,630.5 488.3 15.5 15.2 2.0%
407 (-53) Penske Automotive Group 222 11,869.5 176.9 14.9 36.1 -58.7%
408 (-43) Autoliv 313 8,232.4 623.4 14.0 33.2 -57.8%
408 (+3) Fifth Third Bancorp 372 6,673.0 1,297.0 14.0 16.0 -12.5%
410 (-12) Sonic Automotive 330 7,871.3 76.3 13.7 22.5 -39.1%
411 (+46) Centene 453 5,340.6 111.2 13.6 1.7 700.0%
412 (+13) Live Nation Entertainment 450 5,384.0 -83.0 13.4 10.9 22.9%
413 (+8) Owens & Minor 298 8,627.9 115.2 13.2 13.4 -1.5%
413 (N/A) Vanguard Health Systems 484 4,895.9 -10.9 13.2 NR N/A
415 (+9) Charles Schwab 485 4,884.0 864.0 13.0 11.0 18.2%
416 (+7) Precision Castparts 387 6,267.2 1,013.5 12.9 12.3 4.9%
417 (-14) Commercial Metals 326 7,919.8 -129.6 10.8 20.4 -47.1%
418 (+10) Con-way 459 5,290.0 88.4 10.7 9.8 9.2%
418 (N/A) Molina Healthcare 500 4,769.9 20.8 10.7 NR N/A
420 (+10) Eastman Chemical 346 7,283.0 696.0 10.0 9.0 11.1%
421 (+10) DaVita 359 6,998.9 478.0 8.9 8.1 9.9%
422 (+7) Dillard's 383 6,399.8 463.9 8.5 9.1 -6.6%
423 (-30) KeyCorp 499 4,780.0 920.0 8.0 23.0 -65.2%
424 (+29) Seaboard 427 5,746.9 345.8 7.9 3.5 125.7%
425 (+14) Kelly Services 441 5,551.0 63.7 7.8 6.4 21.9%
426 (+7) C.H. Robinson Worldwide 259 10,336.3 431.6 7.7 7.6 1.3%
427 (+5) Universal Health Services 339 7,534.1 398.2 7.4 7.9 -6.3%
428 (-189) Office Depot 233 11,489.5 95.7 6.5 110.5 -94.1%
429 (+7) AutoNation 197 13,832.4 281.4 6.4 6.9 -7.2%
429 (-3) Whole Foods Market 264 10,107.8 342.6 6.4 10.7 -40.2%
431 (+12) UGI 403 6,091.3 232.9 6.3 5.4 16.7%
432 (N/A) Casey's General Stores 473 5,140.2 94.6 6.1 NR N/A
432 (N/A) MetroPCS Communications 490 4,847.4 301.3 6.1 NR N/A
434 (+6) AMR 123 23,979.0 -1,979.0 6.0 6.0 0.0%
435 (+3) Emcor Group 428 5,731.7 130.8 5.7 6.5 -12.3%
436 (+10) Host Hotels & Resorts 479 5,003.0 -15.0 5.0 5.0 0.0%
436 (+12) Southwest Airlines 167 15,658.0 178.0 5.0 4.0 25.0%
438 (+4) Insight Enterprises 460 5,287.2 100.2 4.6 5.6 -17.9%
439 (+9) CMS Energy 380 6,503.0 415.0 4.0 4.0 0.0%
440 (+12) Graybar Electric 451 5,374.8 81.4 3.7 3.8 -2.6%
440 (+5) Tech Data 109 26,488.1 206.4 3.7 5.1 -27.5%
442 (+12) WellCare Health Plans 401 6,106.9 264.2 3.5 3.4 2.9%
443 (+4) United Stationers 478 5,005.5 109.0 3.4 4.5 -24.4%
444 (-36) Land O'Lakes 210 12,849.3 182.2 3.2 18.5 -82.7%
445 (+11) HollyFrontier 170 15,439.5 1,023.4 2.4 1.9 26.3%
446 (+11) Nash-Finch 498 4,807.2 35.8 2.1 1.7 23.5%
447 (+13) Core-Mark Holding 393 6,163.4 26.2 1.8 1.2 50.0%
448 (+11) Fidelity National Financial 472 5,153.7 369.5 1.6 1.6 0.0%
449 (N/A) Kindred Healthcare 444 5,523.3 -53.5 1.1 NR N/A
450 (+13) INTL FCStone 30 75,497.6 37.3 0.9 0.0 N/A
451 (N/A) BrightPoint 463 5,244.4 48.8 0.8 NR N/A
452 (-17) Community Health Systems 198 13,817.0 201.9 0.6 7.5 -92.0%
452 (-19) Winn-Dixie Stores 363 6,929.9 -70.1 0.6 7.6 -92.1%
454 (9) Aetna 89 33,779.8 1,985.7 0.0 0.0 0.0%
454 (-403) Amerigroup 385 6,318.4 195.6 0.0 757.0 -100.0%
454 (N/A) Catalyst Health Solutions 455 5,329.6 67.0 0.0 NR N/A
454 (N/A) CDW 270 9,602.4 17.1 0.0 NR N/A
454 (+9) Chubb 202 13,585.0 1,678.0 0.0 0.0 0.0%
454 (+27) Coca-Cola Enterprises 324 7,939.0 749.0 0.0 N/A N/A
454 (+9) Enbridge Energy Partners 282 9,109.8 624.0 0.0 0.0 0.0%
454 (+27) Enterprise Products Partners 62 44,313.0 2,046.9 0.0 N/A N/A
454 (+9) Erie Insurance Group 497 4,824.0 169.0 0.0 0.0 0.0%
454 (N/A) Exelis 422 5,839.0 326.0 0.0 NR N/A
454 (+9) Expeditors International of Washington 395 6,150.5 385.7 0.0 0.0 0.0%
454 (+9) General Dynamics 92 32,677.0 2,526.0 0.0 0.0 0.0%
454 (+27) Global Partners 182 14,835.7 19.4 0.0 N/A N/A
454 (+9) Group 1 Automotive 405 6,079.8 82.4 0.0 0.0 0.0%
454 (+9) Humana 79 36,832.0 1,419.0 0.0 0.0 0.0%
454 (-254) Lockheed Martin 58 46,692.0 2,655.0 0.0 160.0 -100.0%
454 (+27) Massachusetts Mutual Life Insurance 121 24,226.4 877.4 0.0 N/A N/A
454 (N/A) MRC Global 493 4,832.4 29.0 0.0 NR N/A
454 (+27) Mutual of Omaha Insurance 411 5,974.1 130.0 0.0 N/A N/A
454 (-322) NextEra Energy 172 15,341.0 1,923.0 0.0 264.0 -100.0%
454 (+9) NuStar Energy 377 6,575.3 221.5 0.0 0.0 0.0%
454 (+9) Oneok 175 15,119.2 360.6 0.0 0.0 0.0%
454 (-36) Pacific Life 420 5,879.0 679.0 0.0 14.0 0.0%
454 (+7) Pantry 347 7,271.8 9.8 0.0 0.6 0.0%
454 (+9) Progressive 169 15,508.1 1,015.5 0.0 0.0 0.0%
454 (+9) Publix Super Markets 106 27,178.8 1,492.0 0.0 0.0 0.0%
454 (N/A) Susser Holdings 486 4,873.8 47.5 0.0 NR N/A
454 (+9) Targa Resources 361 6,994.5 30.7 0.0 0.0 0.0%
454 (+9) TravelCenters of America 329 7,888.9 23.6 0.0 0.0 0.0%
454 (+9) US Airways Group 208 13,055.0 71.0 0.0 0.0 0.0%
454 (+9) Western Refining 285 9,071.0 132.7 0.0 0.0 0.0%
485 (-4) American Family Insurance Group 382 6,400.2 295.2 N/A N/A N/A
485 (-4) Auto-Owners Insurance 429 5,709.5 69.1 N/A N/A N/A
485 (-4) Energy Transfer Equity 312 8,240.7 309.8 N/A N/A N/A
485 (N/A) Express Scripts Holding 60 46,128.3 1,275.8 N/A+ N/A N/A
485 (-24) Great Atlantic & Pacific Tea 317 8,078.5 -598.6 N/A++ 0.6 N/A
485 (-4) Guardian Life Ins. Co. of America 250 10,571.3 209.9 N/A N/A N/A
485 (-4) Nationwide 100 30,697.8 -793.1 N/A N/A N/A
485 (-4) New York Life Insurance 86 34,393.5 557.3 N/A N/A N/A
485 (-4) Peter Kiewit Sons' 255 10,381.0 573.0 N/A N/A N/A
485 (-4) Plains All American Pipeline 87 34,275.0 966.0 N/A N/A N/A
485 (-4) State Farm Insurance Cos. 43 64,305.1 845.0 N/A N/A N/A
485 (-4) Thrivent Financial for Lutherans 332 7,842.8 454.6 N/A N/A N/A
485 (-4) TIAA-CREF 88 34,079.0 2,388.4 N/A N/A N/A
485 (-4) United Services Automobile Assn. 144 19,036.1 2,128.3 N/A N/A N/A
485 (-4) W.R. Berkley 471 5,156.0 394.8 N/A N/A N/A
485 (-4) Western & Southern Financial Group 482 4,986.4 450.4 N/A N/A N/A

For some Ferraro 500 companies, the reserve amount reflected on the list includes interest and penalties. For example, AT&T’s $5.853 billion reserve includes interest and penalties of $1.312 billion. Similarly, GE’s $6.384 billion reserve amount includes $1.033 billion of interest and $121 million of penalties.
Other Ferraro 500 companies do not include interest and penalties in the unrecognized tax benefits figure; rather, these companies report interest and penalties as selling, general, and administrative expenses, as interest expense, or as part of another item on their financial statements. For these companies, the actual reserve amount exceeds the reserves listed above. For example, Procter & Gamble reported unrecognized tax benefits of $1.848 billion, which does not include interest and penalties of $475 million and $80 million, respectively. Thus, Procter & Gamble’s reserve amount is actually $2.403 billion, $555 million higher than the $1.848 billion figure reflected on the Ferraro 500. Similarly, Chevron did not include $118 million of interest and penalties in its reported $3.481 billion of unrecognized tax benefits. Thus, Chevron’s reserve actually totals $3.599 billion, $118 million higher than the reserve amount above.
N/A is utilized where the UTB reserve could not be determined. Certain insurance companies and certain publically traded partnerships do not report reserve amounts, and as such, the reserve amounts for these companies are not available.
NR is utilized where the company was not on the Ferraro 500 in 2011.
+ New Company, no 10-K was filed as of June 15, 2012.
++ Filed Securities Registration Termination on 3/14/2012.
All information is believed to be accurate as of June 15, 2012, but The Ferraro Law Firm cannot vouch for the validity of any information contained in any financial statement.