Ferraro 500 – 2010 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 currently make up a company’s Tax Reserve are not generally disclosed to the IRS but rather 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.
Ferraro 500 Rank | Fortune 500 Rank | Company | Revenues ($ millions) | Profits ($ millions) | Tax Reserve ($ millions) |
1 | 4 | General Electric | 156,779.0 | 11,025.0 | 8,719.0 |
2 | 40 | Pfizer | 50,009.0 | 8,635.0 | 7,657.0 |
3 | 7 | AT&T | 123,018.0 | 12,535.0 | 7,523.0 |
4 | 9 | J.P. Morgan Chase & Co. | 115,632.0 | 11,728.0 | 6,608.0 |
5 | 15 | General Motors | 104,589.0 | n/a | 5,410.0 |
6 | 36 | Microsoft | 58,437.0 | 14,569.0 | 5,403.0 |
7 | 5 | Bank of America Corp. | 150,450.0 | 6,276.0 | 5,253.0 |
8 | 19 | Wells Fargo | 98,636.0 | 12,275.0 | 4,921.0 |
9 | 16 | American International Group | 103,189.0 | -10,949.0 | 4,843.0 |
10 | 20 | International Business Machines | 95,758.0 | 13,425.0 | 4,790.0 |
11 | 2 | Exxon Mobil | 284,650.0 | 19,280.0 | 4,725.0 |
12 | 85 | Merck | 27,428.3 | 12,901.3 | 4,341.1 |
13 | 70 | Morgan Stanley | 31,515.0 | 1,346.0 | 4,052.0 |
14 | 13 | Verizon Communications | 107,808.0 | 3,651.0 | 3,400.0 |
15 | 3 | Chevron | 163,527.0 | 10,483.0 | 3,195.0 |
16 | 12 | Citigroup | 108,785.0 | -1,606.0 | 3,079.0 |
17 | 58 | Cisco Systems | 36,117.0 | 6,134.0 | 2,816.0 |
18 | 33 | Johnson & Johnson | 61,897.0 | 12,266.0 | 2,403.0 |
19 | 105 | Oracle | 23,252.0 | 5,593.0 | 2,262.0 |
20 | 75 | Abbott Laboratories | 30,764.7 | 5,745.8 | 2,172.0 |
21 | 22 | Procter & Gamble | 79,697.0 | 13,436.0 | 2,003.0 |
22 | 82 | Time Warner | 28,842.0 | 2,468.0 | 1,953.0 |
23 | 39 | Goldman Sachs Group | 51,673.0 | 13,385.0 | 1,925.0 |
24 | 10 | Hewlett-Packard | 114,552.0 | 7,660.0 | 1,888.0 |
25 | 38 | Dell | 52,902.0 | 1,433.0 | 1,793.0 |
26 | 28 | Boeing | 68,281.0 | 1,312.0 | 1,787.0 |
27 | 50 | PepsiCo | 43,232.0 | 5,946.0 | 1,731.0 |
28 | 246 | Energy Future Holdings | 9,546.0 | 344.0 | 1,638.0 |
29 | 134 | Exelon | 17,318.0 | 2,707.0 | 1,498.0 |
30 | 6 | ConocoPhillips | 139,515.0 | 4,858.0 | 1,208.0 |
31 | 102 | 23,650.6 | 6,520.4 | 1,187.7 | |
32 | 59 | Comcast | 35,756.0 | 3,638.0 | 1,185.0 |
33 | 8 | Ford Motor | 118,308.0 | 2,717.0 | 1,173.0 |
34 | 159 | Amgen | 14,642.0 | 4,605.0 | 1,140.0 |
35 | 88 | American Express | 26,730.0 | 2,130.0 | 1,081.0 |
36 | 83 | Johnson Controls | 28,497.0 | -338.0 | 1,049.0 |
37 | 112 | Eli Lilly | 21,836.0 | 4,328.8 | 1,038.3 |
38 | 279 | Boston Scientific | 8,188.0 | -1,025.0 | 1,038.0 |
39 | 114 | Bristol-Myers Squibb | 21,634.0 | 10,612.0 | 1,026.0 |
40 | 1 | Wal-Mart Stores | 408,214.0 | 14,335.0 | 1,019.0 |
41 | 438 | Starwood Hotels & Resorts | 4,712.0 | 73.0 | 999.0 |
42 | 56 | Apple | 36,537.0 | 5,704.0 | 971.0 |
43 | 461 | Agilent Technologies | 4,481.0 | -31.0 | 930.0 |
44 | 11 | Berkshire Hathaway | 112,493.0 | 8,055.0 | 926.0 |
45 | 81 | Fannie Mae | 29,065.0 | -71,969.0 | 911.0 |
46 | 343 | Yahoo | 6,460.3 | 598.0 | 893.5 |
47 | 404 | Amerigroup | 5,188.1 | 149.3 | 882.0 |
48 | 17 | Cardinal Health | 99,612.9 | 1,151.6 | 848.8 |
49 | 267 | eBay | 8,727.4 | 2,389.1 | 838.6 |
50 | 186 | Public Service Enterprise Group | 12,406.0 | 1,592.0 | 836.0 |
51 | 53 | Kraft Foods | 40,386.0 | 3,021.0 | 829.0 |
52 | 54 | Freddie Mac | 37,614.0 | -21,553.0 | 805.0 |
53 | 37 | United Technologies | 52,920.0 | 3,829.0 | 793.0 |
54 | 51 | MetLife | 41,098.0 | -2,246.0 | 773.0 |
55 | 66 | Caterpillar | 32,396.0 | 895.0 | 761.0 |
56 | 86 | DuPont | 27,328.0 | 1,755.0 | 739.0 |
57 | 169 | Illinois Tool Works | 13,903.6 | 947.0 | 725.0 |
58 | 74 | Honeywell International | 30,908.0 | 2,153.0 | 720.0 |
59 | 57 | Walt Disney | 36,149.0 | 3,307.0 | 686.0 |
60 | 173 | PG&E Corp. | 13,399.0 | 1,220.0 | 673.0 |
61 | 181 | Duke Energy | 12,731.0 | 1,075.0 | 664.0 |
62 | 187 | Edison International | 12,361.0 | 849.0 | 664.0 |
63 | 29 | Home Depot | 66,176.0 | 2,661.0 | 659.0 |
64 | 46 | Dow Chemical | 44,945.0 | 648.0 | 650.0 |
65 | 263 | NRG Energy | 8,952.0 | 942.0 | 643.0 |
66 | 77 | HCA | 30,052.0 | 1,054.0 | 628.0 |
67 | 14 | McKesson | 106,632.0 | 823.0 | 619.0 |
68 | 106 | 3M | 23,123.0 | 3,193.0 | 618.0 |
69 | 409 | Avis Budget Group | 5,131.0 | -47.0 | 603.0 |
70 | 137 | Altria Group | 16,824.0 | 3,206.0 | 601.0 |
71 | 23 | Kroger | 76,733.2 | 70.0 | 586.0 |
72 | 155 | General Mills | 14,691.3 | 1,304.4 | 570.1 |
73 | 126 | Kimberly-Clark | 19,115.0 | 1,884.0 | 570.0 |
74 | 180 | Sara Lee | 12,881.0 | 364.0 | 547.0 |
75 | 353 | Symantec | 6,149.9 | -6,728.9 | 543.0 |
76 | 116 | DirecTV Group | 21,565.0 | 942.0 | 527.0 |
77 | 375 | Pitney Bowes | 5,569.2 | 423.4 | 515.6 |
78 | 156 | AES | 14,690.0 | 658.0 | 511.0 |
79 | 65 | Prudential Financial | 32,688.0 | 3,124.0 | 510.0 |
80 | 108 | McDonald’s | 22,744.7 | 4,551.0 | 492.0 |
81 | 26 | Valero Energy | 70,035.0 | -1,982.0 | 484.0 |
82 | 378 | Dr. Pepper Snapple Group | 5,531.0 | 555.0 | 483.0 |
83 | 413 | Western Union | 5,083.6 | 848.8 | 477.2 |
84 | 95 | Raytheon | 24,881.0 | 1,935.0 | 469.0 |
85 | 110 | Motorola | 22,063.0 | -51.0 | 466.0 |
86 | 351 | Fortune Brands | 6,205.4 | 242.8 | 460.5 |
87 | 76 | News Corp. | 30,423.0 | -3,378.0 | 458.0 |
88 | 185 | Baxter International | 12,562.0 | 2,205.0 | 458.0 |
89 | 30 | Target | 65,357.0 | 2,488.0 | 452.0 |
90 | 138 | Computer Sciences | 16,739.9 | 1,115.2 | 442.0 |
91 | 121 | U.S. Bancorp | 19,490.0 | 2,205.0 | 440.0 |
92 | 207 | Danaher | 11,184.9 | 1,151.7 | 439.3 |
93 | 326 | Visa | 6,911.0 | 2,353.0 | 439.0 |
94 | 160 | Medtronic | 14,599.0 | 2,169.0 | 431.0 |
95 | 61 | Northrop Grumman | 35,291.0 | 1,686.0 | 429.0 |
96 | 290 | Icahn Enterprises | 7,865.0 | 234.0 | 420.0 |
97 | 115 | Northwestern Mutual | 21,602.6 | 321.0 | 418.0 |
98 | 250 | First Data | 9,313.8 | -1,086.4 | 415.0 |
99 | 300 | PPL | 7,585.0 | 407.0 | 410.0 |
100 | 460 | Broadcom | 4,490.3 | 65.3 | 400.8 |
101 | 210 | Liberty Global | 11,110.4 | -412.1 | 400.6 |
102 | 45 | Best Buy | 45,015.0 | 1,003.0 | 393.0 |
103 | 262 | Praxair | 8,956.0 | 1,254.0 | 372.0 |
104 | 264 | Harrah’s Entertainment | 8,907.4 | 827.6 | 362.0 |
105 | 249 | State Street Corp. | 9,362.0 | -1,881.0 | 359.0 |
106 | 144 | Capital One Financial | 15,980.1 | 883.8 | 358.9 |
107 | 197 | Monsanto | 11,740.0 | 2,109.0 | 358.0 |
108 | 72 | Coca-Cola | 30,990.0 | 6,824.0 | 354.0 |
109 | 243 | Baker Hughes | 9,664.0 | 421.0 | 339.0 |
110 | 256 | Lincoln National | 9,071.8 | -484.7 | 336.0 |
111 | 274 | Bank of New York Mellon Corp. | 8,345.0 | -1,084.0 | 335.0 |
112 | 113 | Coca-Cola Enterprises | 21,645.0 | 731.0 | 334.0 |
113 | 219 | Entergy | 10,745.7 | 1,231.1 | 327.9 |
114 | 423 | CenturyTel | 4,974.2 | 647.2 | 327.2 |
115 | 482 | CA | 4,271.0 | 694.0 | 326.0 |
116 | 421 | Applied Materials | 5,013.6 | -305.3 | 325.3 |
117 | 149 | Constellation Energy | 15,598.8 | 4,443.4 | 312.5 |
118 | 48 | Sears Holdings | 44,043.0 | 235.0 | 310.0 |
119 | 104 | International Paper | 23,366.0 | 663.0 | 308.0 |
120 | 286 | Discover Financial Services | 7,985.7 | 1,276.2 | 305.7 |
121 | 216 | Yum Brands | 10,836.0 | 1,071.0 | 301.0 |
122 | 89 | Rite Aid | 26,289.5 | -2,915.4 | 300.7 |
123 | 170 | Viacom | 13,619.0 | 1,611.0 | 300.0 |
124 | 357 | MeadWestvaco | 6,049.0 | 225.0 | 297.0 |
125 | 220 | Textron | 10,548.0 | -31.0 | 294.0 |
126 | 333 | Stryker | 6,723.1 | 1,107.4 | 292.7 |
127 | 153 | Dominion Resources | 15,131.0 | 1,287.0 | 291.0 |
128 | 451 | NCR | 4,612.0 | -33.0 | 288.0 |
129 | 257 | Genworth Financial | 9,069.0 | -460.0 | 285.0 |
130 | 441 | BlackRock | 4,699.3 | 875.1 | 285.0 |
131 | 67 | Sprint Nextel | 32,260.0 | -2,436.0 | 284.0 |
132 | 188 | Qwest Communications | 12,311.0 | 662.0 | 282.0 |
133 | 320 | Ameren | 7,090.0 | 612.0 | 281.0 |
134 | 494 | Electronic Arts | 4,212.0 | -1,088.0 | 278.0 |
135 | 367 | Dover | 5,831.0 | 356.4 | 276.6 |
136 | 124 | Nike | 19,176.1 | 1,486.7 | 273.9 |
137 | 261 | Devon Energy | 8,960.0 | -2,479.0 | 272.0 |
138 | 79 | Hess | 29,569.0 | 740.0 | 271.0 |
139 | 43 | United Parcel Service | 45,297.0 | 2,152.0 | 266.0 |
140 | 101 | Staples | 24,275.5 | 738.7 | 264.3 |
141 | 158 | Halliburton | 14,675.0 | 1,145.0 | 263.0 |
142 | 435 | Black & Decker | 4,775.1 | 132.5 | 260.3 |
143 | 107 | Deere | 23,112.4 | 873.5 | 260.0 |
144 | 447 | El Paso | 4,631.0 | -539.0 | 260.0 |
145 | 308 | Estee Lauder | 7,323.8 | 218.4 | 259.1 |
146 | 297 | Eastman Kodak | 7,606.0 | -210.0 | 256.0 |
147 | 154 | Freeport-McMoRan Copper & Gold | 15,040.0 | 2,749.0 | 253.0 |
148 | 213 | Marriott International | 10,908.0 | -346.0 | 249.0 |
149 | 251 | Pepco Holdings | 9,259.0 | 235.0 | 246.0 |
150 | 385 | Northeast Utilities | 5,439.4 | 330.0 | 244.0 |
151 | 278 | Republic Services | 8,199.1 | 495.0 | 242.2 |
152 | 200 | DISH Network | 11,664.2 | 635.5 | 240.0 |
153 | 376 | CC Media Holdings | 5,551.9 | -4,034.1 | 237.5 |
154 | 412 | Mylan | 5,092.8 | 232.6 | 237.5 |
155 | 172 | American Electric Power | 13,489.0 | 1,357.0 | 237.0 |
156 | 87 | Tyson Foods | 27,165.0 | -537.0 | 233.0 |
157 | 296 | Chesapeake Energy | 7,701.9 | -5,830.0 | 231.0 |
158 | 387 | Mattel | 5,430.8 | 528.7 | 230.0 |
159 | 177 | CBS | 13,014.6 | 226.5 | 229.7 |
160 | 123 | PNC Financial Services Group | 19,231.0 | 2,447.0 | 227.0 |
161 | 111 | Fluor | 21,990.3 | 684.9 | 226.8 |
162 | 383 | Domtar | 5,465.0 | 310.0 | 226.0 |
163 | 321 | Reinsurance Group of America | 7,066.8 | 407.1 | 221.0 |
164 | 71 | Liberty Mutual Insurance Group | 31,094.0 | 1,023.0 | 221.0 |
165 | 21 | UnitedHealth Group | 87,138.0 | 3,822.0 | 220.0 |
166 | 62 | Intel | 35,127.0 | 4,369.0 | 220.0 |
167 | 148 | L-3 Communications | 15,615.0 | 901.0 | 219.0 |
168 | 44 | Lockheed Martin | 45,189.0 | 3,024.0 | 217.0 |
169 | 129 | Cigna | 18,414.0 | 1,302.0 | 214.0 |
170 | 414 | Celanese | 5,082.0 | 488.0 | 208.0 |
171 | 103 | Macy’s | 23,489.0 | 350.0 | 207.0 |
172 | 221 | Marsh & McLennan | 10,493.0 | 227.0 | 206.0 |
173 | 472 | AbitibiBowater | 4,366.0 | -1,553.0 | 206.0 |
174 | 227 | Liberty Media | 10,398.0 | 6,462.0 | 205.0 |
175 | 198 | Omnicom Group | 11,720.7 | 793.0 | 202.8 |
176 | 231 | Mosaic | 10,298.0 | 2,350.2 | 200.1 |
177 | 145 | Southern | 15,743.0 | 1,643.0 | 199.0 |
178 | 166 | EMC | 14,025.9 | 1,088.1 | 197.1 |
179 | 194 | Eaton | 11,873.0 | 383.0 | 197.0 |
180 | 273 | Air Products & Chemicals | 8,381.4 | 631.3 | 194.9 |
181 | 119 | TJX | 20,288.4 | 1,213.6 | 191.7 |
182 | 370 | Gannett | 5,613.0 | 355.3 | 191.7 |
183 | 179 | FirstEnergy | 12,967.0 | 1,006.0 | 191.0 |
184 | 335 | Visteon | 6,685.0 | 128.0 | 190.0 |
185 | 94 | Philip Morris International | 25,035.0 | 6,342.0 | 189.0 |
186 | 151 | Colgate-Palmolive | 15,327.0 | 2,291.0 | 187.0 |
187 | 275 | CenterPoint Energy | 8,281.0 | 372.0 | 187.0 |
188 | 362 | Avery Dennison | 5,052.7 | -746.7 | 182.0 |
189 | 100 | Amazon.com | 24,509.0 | 902.0 | 181.0 |
190 | 217 | BB&T Corp. | 10,818.0 | 853.0 | 179.0 |
191 | 240 | R.R. Donnelley & Sons | 9,857.4 | -27.3 | 176.4 |
192 | 122 | GMAC | 19,403.0 | -10,298.0 | 172.0 |
193 | 214 | ITT | 10,904.5 | 643.7 | 170.9 |
194 | 379 | Weyerhaeuser | 5,528.0 | -545.0 | 170.0 |
195 | 433 | Owens Corning | 4,803.0 | 64.0 | 167.0 |
196 | 167 | Burlington Northern Santa Fe | 14,016.0 | 1,721.0 | 166.0 |
197 | 201 | TRW Automotive Holdings | 11,614.0 | 55.0 | 166.0 |
198 | 390 | Advanced Micro Devices | 5,403.0 | 376.0 | 166.0 |
199 | 133 | J.C. Penney | 17,556.0 | 251.0 | 165.0 |
200 | 136 | Whirlpool | 17,099.0 | 328.0 | 163.0 |
201 | 360 | MGM Mirage | 5,978.6 | -1,291.7 | 161.4 |
202 | 224 | SunTrust Banks | 10,420.0 | -1,563.7 | 160.6 |
203 | 239 | Progress Energy | 9,885.0 | 757.0 | 160.0 |
204 | 117 | Emerson Electric | 20,915.0 | 1,724.0 | 159.0 |
205 | 171 | Toys “R” Us | 13,568.0 | 312.0 | 158.0 |
206 | 204 | Sun Microsystems | 11,449.0 | -2,234.0 | 157.0 |
207 | 42 | Lowe’s | 47,220.0 | 1,783.0 | 154.0 |
208 | 402 | Terex | 5,205.0 | -398.4 | 151.1 |
209 | 52 | Safeway | 40,850.7 | -1,097.5 | 151.0 |
210 | 202 | Navistar International | 11,569.0 | 320.0 | 150.0 |
211 | 152 | Xerox | 15,179.0 | 485.0 | 148.0 |
212 | 373 | Newell Rubbermaid | 5,577.6 | 285.5 | 147.9 |
213 | 471 | Biogen Idec | 4,377.3 | 970.1 | 147.1 |
214 | 235 | Unum Group | 10,091.0 | 852.6 | 146.8 |
215 | 411 | MasterCard | 5,098.7 | 1,462.5 | 145.8 |
216 | 192 | Office Depot | 12,144.5 | -596.5 | 141.1 |
217 | 334 | Goodrich | 6,685.6 | 597.3 | 138.0 |
218 | 304 | Western Digital | 7,453.0 | 470.0 | 136.0 |
219 | 142 | Avnet | 16,229.9 | -1,122.5 | 135.9 |
220 | 358 | Interpublic Group | 6,027.6 | 121.3 | 134.4 |
221 | 47 | Supervalu | 44,564.0 | -2,855.0 | 133.0 |
222 | 230 | Parker Hannifin | 10,309.0 | 508.5 | 133.0 |
223 | 162 | Gap | 14,197.0 | 1,102.0 | 132.0 |
224 | 473 | Flowserve | 4,365.3 | 427.9 | 130.2 |
225 | 184 | Kellogg | 12,575.0 | 1,212.0 | 130.0 |
226 | 295 | Newmont Mining | 7,737.0 | 1,297.0 | 130.0 |
227 | 168 | Coventry Health Care | 13,993.3 | 242.3 | 129.1 |
228 | 322 | Owens-Illinois | 7,066.5 | 161.8 | 128.4 |
229 | 32 | Walgreen | 63,335.0 | 2,006.0 | 128.0 |
230 | 303 | Quest Diagnostics | 7,455.2 | 729.1 | 126.5 |
231 | 417 | Polo Ralph Lauren | 5,018.9 | 406.0 | 126.0 |
232 | 280 | Ashland | 8,106.0 | 71.0 | 125.0 |
233 | 493 | H&R Block | 4,213.4 | 485.7 | 124.6 |
234 | 271 | Apache | 8,614.8 | -284.4 | 123.1 |
235 | 427 | SPX | 4,935.9 | 31.7 | 120.9 |
236 | 445 | St. Jude Medical | 4,681.2 | 777.2 | 120.5 |
237 | 281 | Sempra Energy | 8,106.0 | 1,119.0 | 119.0 |
238 | 336 | NiSource | 6,652.9 | 217.7 | 117.7 |
239 | 365 | Ecolab | 5,900.6 | 417.3 | 116.7 |
240 | 476 | Rockwell Automation | 4,332.5 | 220.7 | 116.7 |
241 | 31 | WellPoint | 65,028.1 | 4,745.9 | 116.4 |
242 | 269 | Limited Brands | 8,632.5 | 447.9 | 115.0 |
243 | 228 | Avon Products | 10,382.8 | 625.8 | 113.4 |
244 | 346 | Peabody Energy | 6,313.9 | 448.2 | 113.2 |
245 | 314 | Bed Bath & Beyond | 7,208.3 | 425.1 | 113.1 |
246 | 141 | Goodyear Tire & Rubber | 16,301.0 | -375.0 | 112.0 |
247 | 331 | Dole Food | 6,782.7 | 84.1 | 109.3 |
248 | 206 | Nucor | 11,190.3 | -293.6 | 108.6 |
249 | 190 | PPG Industries | 12,239.0 | 336.0 | 108.0 |
250 | 324 | Gilead Sciences | 7,011.4 | 2,635.8 | 106.5 |
251 | 211 | United States Steel | 11,048.0 | -1,401.0 | 106.0 |
252 | 233 | H.J. Heinz | 10,148.1 | 923.1 | 106.0 |
253 | 392 | Mohawk Industries | 5,344.0 | -5.5 | 105.8 |
254 | 354 | SLM | 6,144.7 | 324.1 | 104.4 |
255 | 450 | ArvinMeritor | 4,617.0 | -1,212.0 | 104.0 |
256 | 98 | Travelers Cos. | 24,680.0 | 3,622.0 | 100.0 |
257 | 35 | Medco Health Solutions | 59,804.2 | 1,280.3 | 99.9 |
258 | 468 | NII Holdings | 4,397.6 | 381.5 | 99.6 |
259 | 338 | Calpine | 6,564.0 | 149.0 | 98.0 |
260 | 384 | Clorox | 5,450.0 | 537.0 | 98.0 |
261 | 462 | Rockwell Collins | 4,470.0 | 594.0 | 98.0 |
262 | 446 | Tenneco | 4,649.0 | -73.0 | 96.0 |
263 | 118 | Nationwide | 20,751.0 | 716.0 | 94.6 |
264 | 272 | Reynolds American | 8,419.0 | 962.0 | 94.0 |
265 | 287 | Norfolk Southern | 7,969.0 | 1,034.0 | 94.0 |
266 | 265 | Automatic Data Processing | 8,867.1 | 1,332.6 | 92.8 |
267 | 55 | Sysco | 36,853.3 | 1,055.9 | 92.1 |
268 | 135 | Kohl’s | 17,178.0 | 991.0 | 89.0 |
269 | 444 | NYSE Euronext | 4,687.0 | 219.0 | 89.0 |
270 | 497 | Northern Trust Corp. | 4,193.1 | 864.2 | 88.9 |
271 | 374 | Smurfit-Stone Container | 5,574.0 | 8.0 | 87.0 |
272 | 175 | Consolidated Edison | 13,031.6 | 868.2 | 86.0 |
273 | 291 | Masco | 7,858.0 | -183.0 | 86.0 |
274 | 396 | YRC Worldwide | 5,282.8 | -622.0 | 84.8 |
275 | 225 | Qualcomm | 10,416.0 | 1,592.0 | 84.0 |
276 | 248 | Fifth Third Bancorp | 9,450.0 | 737.0 | 82.0 |
277 | 285 | DTE Energy | 8,014.0 | 532.0 | 81.0 |
278 | 25 | Costco Wholesale | 71,422.0 | 1,086.0 | 80.0 |
279 | 199 | Jabil Circuit | 11,684.5 | -1,165.2 | 79.6 |
280 | 449 | Consol Energy | 4,621.9 | 539.7 | 78.8 |
281 | 430 | Harley-Davidson | 4,838.6 | -55.1 | 77.9 |
282 | 298 | Aon | 7,595.0 | 747.0 | 77.0 |
283 | 469 | General Cable | 4,385.2 | 108.7 | 76.5 |
284 | 234 | Thermo Fisher Scientific | 10,109.7 | 850.3 | 76.2 |
285 | 426 | Ryder System | 4,957.6 | 61.9 | 76.2 |
286 | 495 | Franklin Resources | 4,194.1 | 896.8 | 76.0 |
287 | 41 | Marathon Oil | 49,403.0 | 1,463.0 | 75.0 |
288 | 196 | Waste Management | 11,791.0 | 994.0 | 75.0 |
289 | 178 | ConAgra Foods | 12,980.8 | 978.4 | 74.6 |
290 | 293 | Huntsman | 7,763.0 | 114.0 | 74.0 |
291 | 208 | Dean Foods | 11,158.4 | 240.3 | 72.6 |
292 | 91 | CHS | 25,729.9 | 381.4 | 72.5 |
293 | 276 | Williams | 8,255.0 | 285.0 | 72.0 |
294 | 60 | FedEx | 35,497.0 | 98.0 | 72.0 |
295 | 428 | Foot Locker | 4,854.0 | 48.0 | 70.0 |
296 | 292 | Cablevision Systems | 7,773.3 | 285.6 | 69.4 |
297 | 499 | CB Richard Ellis Group | 4,165.8 | 33.3 | 69.2 |
298 | 157 | Arrow Electronics | 14,684.1 | 123.5 | 68.8 |
299 | 195 | Dollar General | 11,796.4 | 339.4 | 67.6 |
300 | 456 | Las Vegas Sands | 4,563.1 | -354.5 | 66.1 |
301 | 84 | Delta Air Lines | 28,063.0 | -1,237.0 | 66.0 |
302 | 487 | Sealed Air | 4,242.8 | 244.3 | 64.8 |
303 | 242 | Lear | 9,739.6 | n/a | 63.8 |
304 | 386 | Oshkosh | 5,433.3 | -1,098.8 | 63.8 |
305 | 395 | Hershey | 5,298.7 | 436.0 | 63.0 |
306 | 350 | CMS Energy | 6,212.0 | 229.0 | 62.0 |
307 | 18 | CVS Caremark | 98,729.0 | 3,696.0 | 61.0 |
308 | 164 | Union Pacific | 14,143.0 | 1,898.0 | 61.0 |
309 | 437 | Spectra Energy | 4,725.0 | 848.0 | 61.0 |
310 | 399 | Cameron International | 5,223.2 | 475.5 | 60.4 |
311 | 442 | Laboratory Corp. of America | 4,694.7 | 543.3 | 59.0 |
312 | 311 | Darden Restaurants | 7,217.5 | 372.2 | 58.1 |
313 | 182 | National Oilwell Varco | 12,712.0 | 1,469.0 | 58.0 |
314 | 139 | Tesoro | 16,589.0 | -140.0 | 57.0 |
315 | 96 | Express Scripts | 24,748.9 | 827.6 | 56.1 |
316 | 131 | Time Warner Cable | 17,868.0 | 1,070.0 | 56.0 |
317 | 218 | Cummins | 10,800.0 | 428.0 | 56.0 |
318 | 223 | Texas Instruments | 10,427.0 | 1,470.0 | 56.0 |
319 | 174 | Pepsi Bottling | 13,219.0 | 612.0 | 55.0 |
320 | 266 | Principal Financial | 8,849.1 | 622.7 | 54.5 |
321 | 27 | Archer Daniels Midland | 69,207.0 | 1,707.0 | 54.0 |
322 | 352 | AECOM Technology | 6,192.4 | 189.7 | 52.8 |
323 | 309 | Shaw Group | 7,279.7 | 15.0 | 52.1 |
324 | 150 | Occidental Petroleum | 15,531.0 | 2,915.0 | 52.0 |
325 | 315 | Kinder Morgan | 7,185.2 | 496.0 | 52.0 |
326 | 453 | Lubrizol | 4,586.3 | 500.8 | 51.7 |
327 | 406 | Jarden | 5,152.6 | 128.7 | 51.5 |
328 | 312 | Becton Dickinson | 7,216.7 | 1,231.6 | 50.6 |
329 | 310 | VF | 7,220.3 | 461.3 | 50.5 |
330 | 277 | Smith International | 8,218.6 | 148.5 | 50.3 |
331 | 259 | CSX | 9,041.0 | 1,152.0 | 50.0 |
332 | 241 | Starbucks | 9,774.6 | 390.8 | 49.1 |
333 | 97 | Hartford Financial Services | 24,701.0 | -887.0 | 48.0 |
334 | 127 | Alcoa | 18,745.0 | -1,151.0 | 48.0 |
335 | 491 | Fiserv | 4,224.0 | 476.0 | 47.0 |
336 | 253 | Tenet Healthcare | 9,215.0 | 187.0 | 46.0 |
337 | 307 | Ball | 7,345.3 | 387.9 | 45.9 |
338 | 416 | Telephone & Data Systems | 5,020.7 | 193.9 | 45.0 |
339 | 143 | Manpower | 16,038.7 | -9.2 | 44.4 |
340 | 329 | AutoZone | 6,816.8 | 657.0 | 44.2 |
341 | 282 | Paccar | 8,086.5 | 111.9 | 44.1 |
342 | 215 | SAIC | 10,847.0 | 497.0 | 44.0 |
343 | 270 | Nordstrom | 8,627.0 | 441.0 | 43.0 |
344 | 340 | Hormel Foods | 6,533.7 | 342.8 | 42.8 |
345 | 299 | Campbell Soup | 7,586.0 | 736.0 | 42.0 |
346 | 467 | FMC Technologies | 4,405.4 | 361.8 | 41.2 |
347 | 236 | Genuine Parts | 10,057.5 | 399.6 | 41.0 |
348 | 193 | KBR | 12,105.0 | 290.0 | 41.0 |
349 | 398 | Dana Holding | 5,228.0 | -431.0 | 41.0 |
350 | 163 | Smithfield Foods | 14,190.5 | -190.3 | 40.5 |
351 | 147 | Nextera Energy Inc. | 15,643.0 | 1,615.0 | 40.0 |
352 | 391 | Corning | 5,395.0 | 2,008.0 | 40.0 |
353 | 458 | Genzyme | 4,515.5 | 422.3 | 39.8 |
354 | 189 | Aramark | 12,297.9 | -6.9 | 39.8 |
355 | 305 | Family Dollar Stores | 7,400.6 | 291.3 | 39.4 |
356 | 459 | Allergan | 4,503.6 | 621.3 | 39.3 |
357 | 341 | Affiliated Computer Services | 6,523.2 | 349.9 | 38.9 |
358 | 289 | Crown Holdings | 7,938.0 | 334.0 | 38.0 |
359 | 380 | SunGard Data Systems | 5,508.0 | -1,118.0 | 38.0 |
360 | 363 | McGraw-Hill | 5,951.8 | 730.5 | 37.8 |
361 | 24 | AmerisourceBergen | 71,789.0 | 503.4 | 37.6 |
362 | 454 | Alliant Techsystems | 4,583.2 | 155.1 | 37.2 |
363 | 410 | Autoliv | 5,120.7 | 10.0 | 37.1 |
364 | 319 | Sherwin-Williams | 7,094.2 | 435.8 | 37.0 |
365 | 245 | Penske Automotive Group | 9,558.1 | 76.5 | 36.9 |
366 | 478 | American Financial Group | 4,320.6 | 519.3 | 35.9 |
367 | 436 | Big Lots | 4,726.8 | 200.4 | 35.8 |
368 | 496 | Wisconsin Energy | 4,193.2 | 382.4 | 35.4 |
369 | 255 | GameStop | 9,078.0 | 377.3 | 35.2 |
370 | 443 | Health Management Associates | 4,687.3 | 138.2 | 34.9 |
371 | 429 | O’Reilly Automotive | 4,847.1 | 307.5 | 33.6 |
372 | 316 | Ross Stores | 7,184.2 | 442.8 | 33.3 |
373 | 288 | Ameriprise Financial | 7,946.0 | 722.0 | 33.0 |
374 | 464 | PepsiAmericas | 4,421.3 | 181.2 | 32.1 |
375 | 302 | Integrys Energy Group | 7,499.8 | -70.9 | 31.8 |
376 | 355 | DaVita | 6,108.8 | 422.7 | 30.7 |
377 | 260 | Anadarko Petroleum | 9,000.0 | -135.0 | 29.0 |
378 | 434 | EOG Resources | 4,787.0 | 546.6 | 29.0 |
379 | 347 | Omnicare | 6,242.7 | 211.9 | 28.6 |
380 | 381 | CH2M Hill | 5,499.3 | 103.7 | 28.2 |
381 | 405 | Sanmina-SCI | 5,177.5 | -136.2 | 27.9 |
382 | 205 | World Fuel Services | 11,295.2 | 117.1 | 27.2 |
383 | 165 | Loews | 14,123.0 | 564.0 | 27.0 |
384 | 480 | Spectrum Group International | 4,293.3 | 7.1 | 26.6 |
385 | 349 | W.W. Grainger | 6,222.0 | 430.5 | 26.5 |
386 | 481 | RadioShack | 4,276.0 | 205.0 | 26.5 |
387 | 254 | Regions Financial | 9,087.1 | -1,031.3 | 26.0 |
388 | 125 | Murphy Oil | 19,138.0 | 837.6 | 26.0 |
389 | 318 | Hertz Global Holdings | 7,101.5 | -126.0 | 25.6 |
390 | 325 | Precision Castparts | 6,913.8 | 1,044.5 | 25.4 |
391 | 252 | URS | 9,249.1 | 269.1 | 25.3 |
392 | 345 | Sonic Automotive | 6,349.7 | 31.5 | 24.8 |
393 | 488 | Frontier Oil | 4,237.2 | -83.8 | 23.9 |
394 | 372 | Barnes & Noble | 5,596.3 | 66.7 | 23.8 |
395 | 244 | Xcel Energy | 9,644.3 | 680.9 | 23.7 |
396 | 268 | Assurant | 8,700.5 | 430.6 | 23.1 |
397 | 371 | Harris | 5,599.6 | 37.9 | 23.1 |
398 | 332 | Charter Communications | 6,755.0 | n/a | 23.0 |
399 | 317 | Pilgrim’s Pride | 7,113.8 | -151.6 | 22.7 |
400 | 68 | Allstate | 32,013.0 | 854.0 | 22.0 |
401 | 323 | CarMax | 7,028.3 | 59.2 | 22.0 |
402 | 337 | AGCO | 6,630.4 | 135.7 | 21.8 |
403 | 283 | Owens & Minor | 8,037.6 | 104.7 | 21.4 |
404 | 361 | Corelogic, Inc. | 5,972.8 | 199.7 | 21.4 |
405 | 80 | Ingram Micro | 29,515.4 | 202.1 | 21.3 |
406 | 356 | KeyCorp | 6,068.0 | -1,335.0 | 21.0 |
407 | 146 | Health Net | 15,713.2 | -49.0 | 20.9 |
408 | 78 | Sunoco | 29,630.0 | -329.0 | 20.0 |
409 | 226 | Land O’Lakes | 10,408.5 | 209.1 | 19.7 |
410 | 348 | Dillard’s | 6,226.6 | 68.5 | 18.2 |
411 | 130 | AFLAC | 18,254.4 | 1,497.0 | 17.0 |
412 | 339 | Henry Schein | 6,546.3 | 311.2 | 17.0 |
413 | 140 | UAL | 16,335.0 | -651.0 | 16.0 |
414 | 359 | Virgin Media | 6,013.6 | -559.8 | 15.8 |
415 | 394 | Reliance Steel & Aluminum | 5,318.1 | 148.2 | 15.5 |
416 | 483 | Con-way | 4,269.2 | -107.7 | 14.8 |
417 | 397 | Dollar Tree | 5,231.2 | 320.5 | 14.4 |
418 | 284 | Whole Foods Market | 8,031.6 | 146.8 | 13.2 |
419 | 466 | Dick’s Sporting Goods | 4,412.8 | 135.4 | 12.8 |
420 | 306 | Winn-Dixie Stores | 7,367.0 | 39.8 | 12.4 |
421 | 328 | WellCare Health Plans | 6,878.2 | 39.9 | 12.0 |
422 | 400 | Nash-Finch | 5,212.7 | 2.8 | 11.9 |
423 | 389 | Advance Auto Parts | 5,412.6 | 270.4 | 11.1 |
424 | 294 | Synnex | 7,756.3 | 92.1 | 10.1 |
425 | 465 | Charles Schwab | 4,414.0 | 787.0 | 10.0 |
426 | 191 | Community Health Systems | 12,149.7 | 243.2 | 9.2 |
427 | 313 | OfficeMax | 7,212.1 | 0.7 | 8.2 |
428 | 474 | Airgas | 4,349.5 | 261.1 | 8.1 |
429 | 448 | Wesco International | 4,624.0 | 105.1 | 8.1 |
430 | 301 | C.H. Robinson Worldwide | 7,577.2 | 360.8 | 7.8 |
431 | 477 | Kindred Healthcare | 4,326.3 | 40.1 | 7.7 |
432 | 393 | PetSmart | 5,336.4 | 198.3 | 7.7 |
433 | 377 | Emcor Group | 5,547.9 | 160.8 | 7.5 |
434 | 479 | Kelly Services | 4,314.8 | -104.5 | 6.8 |
435 | 424 | Atmos Energy | 4,969.1 | 191.0 | 6.7 |
436 | 485 | Casey’s General Stores | 4,251.5 | 85.7 | 6.6 |
437 | 498 | MDU Resources Group | 4,176.5 | -123.3 | 6.2 |
438 | 120 | AMR | 19,917.0 | -1,468.0 | 6.0 |
439 | 415 | Eastman Chemical | 5,047.0 | 136.0 | 6.0 |
440 | 403 | Universal Health Services | 5,202.4 | 260.4 | 5.8 |
441 | 422 | Anixter International | 4,982.4 | -29.3 | 5.1 |
442 | 439 | United Stationers | 4,710.3 | 101.0 | 5.0 |
443 | 492 | Host Hotels & Resorts | 4,216.0 | -252.0 | 5.0 |
444 | 490 | Live Nation Entertainment | 4,232.0 | -60.2 | 4.1 |
445 | 452 | Unisys | 4,597.7 | 189.3 | 4.0 |
446 | 470 | Graybar Electric | 4,377.9 | 37.3 | 4.0 |
447 | 486 | Centene | 4,248.0 | 83.7 | 4.0 |
448 | 232 | BJ’s Wholesale Club | 10,187.0 | 132.1 | 3.6 |
449 | 109 | Tech Data | 22,099.9 | 180.2 | 3.1 |
450 | 212 | AutoNation | 11,015.6 | 198.0 | 2.5 |
451 | 369 | UGI | 5,737.8 | 258.5 | 2.3 |
452 | 500 | Blockbuster | 4,161.8 | -558.2 | 2.1 |
453 | 431 | Holly | 4,834.3 | 19.6 | 2.0 |
454 | 382 | Pantry | 5,472.0 | 59.1 | 1.9 |
455 | 327 | Commercial Metals | 6,883.4 | 20.8 | 1.5 |
456 | 419 | Core-Mark Holding | 5,015.6 | 47.3 | 1.5 |
457 | 247 | Great Atlantic & Pacific Tea | 9,516.2 | -139.9 | 1.4 |
458 | 366 | Fidelity National Financial | 5,857.7 | 222.3 | 1.4 |
459 | 432 | Micron Technology | 4,803.0 | -1,835.0 | 1.0 |
460 | 49 | International Assets Holding | 43,604.4 | 27.6 | 0.0 |
461 | 63 | Aetna | 34,764.1 | 1,276.5 | 0.0 |
462 | 69 | General Dynamics | 31,981.0 | 2,394.0 | 0.0 |
463 | 73 | Humana | 30,960.4 | 1,039.7 | 0.0 |
464 | 90 | TIAA-CREF | 26,278.0 | -459.1 | 0.0 |
465 | 99 | Publix Super Markets | 24,515.0 | 1,161.4 | 0.0 |
466 | 161 | Progressive | 14,563.6 | 1,057.5 | 0.0 |
467 | 176 | Chubb | 13,016.0 | 2,183.0 | 0.0 |
468 | 209 | Oneok | 11,111.7 | 305.5 | 0.0 |
469 | 222 | US Airways Group | 10,458.0 | -205.0 | 0.0 |
470 | 229 | Southwest Airlines | 10,350.0 | 99.0 | 0.0 |
471 | 258 | XTO Energy | 9,064.0 | 2,019.0 | 0.0 |
472 | 330 | Western Refining | 6,807.4 | -350.6 | 0.0 |
473 | 364 | Enbridge Energy Partners | 5,905.4 | 316.6 | 0.0 |
474 | 407 | Tutor Perini | 5,152.0 | 137.1 | 0.0 |
475 | 425 | Universal American | 4,963.5 | 140.3 | 0.0 |
476 | 455 | Washington Post | 4,569.7 | 92.8 | 0.0 |
477 | 457 | Group 1 Automotive | 4,525.7 | 34.8 | 0.0 |
478 | 484 | Erie Insurance Group | 4,255.4 | 108.5 | 0.0 |
479 | 489 | Scana | 4,237.0 | 348.0 | 0.0 |
480 | 34 | State Farm Insurance Cos. | 61,479.6 | 766.7 | n/a |
481 | 64 | New York Life Insurance | 34,014.3 | 682.7 | n/a |
482 | 92 | Enterprise GP Holdings | 25,510.9 | 204.1 | n/a |
483 | 93 | Massachusetts Mutual Life Insurance | 25,423.6 | -115.1 | n/a |
484 | 128 | Plains All American Pipeline | 18,520.0 | 579.0 | n/a |
485 | 132 | United Services Automobile Association | 17,557.6 | 3,020.1 | n/a |
486 | 183 | Continental Airlines | 12,586.0 | -282.0 | n/a |
487 | 203 | Jacobs Engineering Group | 11,467.4 | 399.9 | n/a |
488 | 237 | Guardian Life Ins. Co. of America | 10,040.9 | 82.9 | n/a |
489 | 238 | Peter Kiewit Sons’ | 9,985.0 | 540.0 | n/a |
490 | 342 | Thrivent Financial for Lutherans | 6,514.8 | -48.4 | n/a |
491 | 344 | American Family Insurance Group | 6,453.4 | 256.9 | n/a |
492 | 368 | Global Partners | 5,818.4 | 34.1 | n/a |
493 | 388 | Energy Transfer Equity | 5,417.3 | 442.5 | n/a |
494 | 401 | Pacific Life | 5,211.0 | 434.0 | n/a |
495 | 408 | Mutual of Omaha Insurance | 5,149.6 | -17.9 | n/a |
496 | 418 | Auto-Owners Insurance | 5,017.1 | 327.1 | n/a |
497 | 420 | Western & Southern Financial Group | 5,014.4 | 14.3 | n/a |
498 | 440 | TravelCenters of America LLC | 4,699.8 | -89.9 | n/a |
499 | 463 | W.R. Berkley | 4,431.2 | 309.1 | n/a |
500 | 475 | CNO Financial Group | 4,341.4 | 85.7 | n/a |
For some Ferraro 500 companies, the reserve amount reflected on the list includes interest and penalties. For example, AT&T’s $7.523 billion reserve includes interest and penalties of $1.539 billion. Similarly, GE’s $8.719 billion reserve amount includes $1.369 billion of interest and $99 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, Proctor & Gamble reported unrecognized tax benefits of $2.003 billion, which does not include interest and penalties of $636 million and $100 million, respectively. Thus, Proctor & Gamble’s reserve amount is actually $2.739 billion, $736 million higher than the $2.003 billion figure reflected on the Ferraro 500. Similarly, Chevron, did not include $232 million of interest and penalties in its reported $3.195 billion of unrecognized tax benefits. Thus, Chevron’s reserve actually totals $3.427 billion, $232 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.
All information is believed to be accurate as of June 15, 2010, but Lynam Knott P.A. cannot vouch for the validity of any information contained in any financial statement.