## Figure 1.7. Policy Stimulus and Corporate Balance Sheets

## Source details

**Canonical URL:** [Figure 1.7. Policy Stimulus and Corporate Balance Sheets](https://www.imf.org/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-7d-v2.csv)

## Other formats

- [Markdown version](/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-7d-v2.csv.md)
- [Structured JSON version](/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-7d-v2.csv.json)

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### 1. Cash Flow versus Capital Expenditure for S&P 500 Firms, by Sector (Percent of assets)
- Total: Cash flow = 9.79; Proposed policies = 0.78
- Total: Current capex = 4.17; Pre-2000 Capex = 2.15
- Utilities: Cash flow = 6.55; Proposed policies = 0.31
- Utilities: Current capex = 6.61; Pre-2000 Capex = 2.62
- Energy: Cash flow = 6.37; Proposed policies = 0.53
- Energy: Current capex = 6.31; Pre-2000 Capex = 7.15

### 2. Effects on Operating Cash Flows from Additional Tax Proposals on Deductibility and Expensing (Percent of assets)
- Total: Removal of interest deductibility on new debt = -0.18; Full expensing of new capex = 0.23; Net impact = 0.05
- Utilities: Removal of interest deductibility on new debt = -0.27; Full expensing of new capex = 0.75; Net impact = 0.48
- Energy: Removal of interest deductibility on new debt = -0.15; Full expensing of new capex = 0.55; Net impact = 0.4

### 3. Unrepatriated Income, by Sector (Total in U.S. dollars, sectoral share in percent of total)
- Utilities: Share = 2
- Energy: Share = 8
- Real estate: Share = 1

### 4. Capital Expenditure by S&P 500 Firms, by Sector (Share of total assets, 2012-16 average)
- Utilities: Capex = 13
- Energy: Capex = 27
- Real estate: Capex = 4

### 5. Cash Flow Decomposition for S&P 500 Firms, by Sector (2012-16 average)
- Label indicating monetary units: Billions of U.S. dollars
- (No additional numeric breakdown present in the provided sample rows)

*Figure 1.7 dataset (csv worksheet sample rows).*

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_Source: https://www.imf.org/-/media/files/publications/gfsr/2017/april/chapter-1/figure1-7d-v2.csv_