Usable income-and-loss data on an establishment basis and for standard and/or line welded carbon steel pipes and tubes were received from only 6 of the 35 U.S. firms to which the Commission sent questionnaires.

Standard and line pipes and tubes.--Six producers provided usable income-and-loss data relative to their standard and line welded carbon steel pipes and tube operations. These producers accounted for 55.6 percent of total shipments of these products in 1984, as reported by the AISI. These data are presented in table 7. Net sales declined by 3.8 percent, from $287.2 million in 1982 to $276.4 million in 1983, and then increased by 28.2 percent to $354.3 million in 1984.

Operating income rose to $18.4 million, or 5.2 percent of net sales, in 1984, compared with an operating loss of $646,000, or 0.2 percent of net sales, in 1983 and an operating income of $4.9 million, or 1.7 percent of net sales, in 1982. Only one of the six firms reported operating losses in 1982 and 1984, whereas two sustained such losses in 1983. Cash flow from operations dropped by 72.7 percent, from $7.2 million in 1982 to $2.0 million in 1983. In 1984 such cash flow jumped to $21.3 million.

Standard pipes and tubes.--Two firms, accounting for * * * percent of total shipments of standard welded carbon steel pipes and tubes, as reported by the American Iron & Steel Institute, furnished usable income-and-loss data. These data are presented in table 8. Net sales increased from * * * in 1982 to * * * in 1984, or by *** percent. However, operating income declined from *** in 1982 to *** in 1983, or by *** percent, and then rose to *** in 1984. The two firms reported operating income margins of * * *, * * *, and * * * percent, respectively, in 1982, 1983, and 1984.

* * Cash flow from operations declined from *** in 1982 to *** in 1983 and then increased to *** in 1984. None of the Western region producers were able to provide usable income-and-loss data.

Table 7.--Income-and-loss experience of 6 U.S. producers 1/ on their operations producing standard and line circular welded carbon steel pipes and tubes, accounting years 1982-84

1/ Accounting for 55.6 percent of total shipments of standard and line circular welded carbon steel pipes and tubes in 1984, as reported by the AISI. 2/ 2 firms that accounted for *** percent of reported 1984 net sales did not provide the Commission with data on depreciation and amortization. cash flow from operations is understated, and deficit is overstated.

Hence,

Source: Compiled from data submitted in response to questionnaires of the U.S. International Trade Commission, except as noted.

Table 8.--Income-and-loss experience of 2 U.S. producers 1/ on their operations producing standard pipes and tubes, accounting years 1982-84

1/ Accounting for *** percent of total shipments of standard welded carbon steel pipes and tubes in 1984, as reported by the AISI.

2/ 1 firm, * * *, which accounted for *** percent of reported 1984 net sales, did not provide the Commission with data on depreciation and

amortization. Hence, cash flow from operations is understated, and deficit is overstated.

Source: Compiled from data submitted in response to questionnaires of the U.S. International Trade Commission.

Line pipes and tubes.--Three producers, which furnished income-and-loss data, accounted for *** percent of the total shipments of welded carbon steel line pipes and tubes in 1984, as reported by the American Iron & Steel Institute. These data are presented in table 9. Net sales increased by *** percent, from *** in 1982 to * * * in 1984, after declining to * * * in 1983. In the aggregate, three firms reported operating losses of ***, or *** percent of net sales, in 1982 and ***, or * * * percent of net sales, in 1983. In 1984, three firms earned an aggregate operating income of * * *, equivalent to *** percent of net sales. One firm reported operating losses in 1982 and 1984, whereas two firms sustained such losses in 1983. The responding firms reported a positive cash flow of *** in 1984 compared with a negative cash flow of * * * in 1983 and * * * in 1982.

Overall establishment operations.--Six producers furnished usable income-and-loss data on their overall establishment operations within which welded carbon steel pipes and tubes are produced. Net sales of standard and line pipes and tubes accounted for 8.8 to 11.5 percent of total establishment

Table 9.--Income-and-loss experience of 3 U.S. producers 1/ on their operations producing line pipes and tubes, accounting years 1982-84

1/ Accounting for *** percent of total shipments of line circular welded carbon steel line pipes and tubes in 1984, as reported by the AISI.

2/ 2 firms that accounted for * * * percent of reported 1984 net sales, did not provide the Commission with data on depreciation and amortization. Hence, cash flow from operations is understated, and deficit is overstated.

Source: Compiled from data submitted in response to questionnaires of the U.S. International Trade Commission.

sales during 1982-84. Net sales of total establishment operations declined from $3.3 billion in 1982 to $2.7 billion in 1983, or by of 18.4 percent (table 10). Such sales increased to $3.1 billion in 1984. Six firms reported reported an aggregate operating loss of $345.2 million, or 13.0 percent of net sales, in 1983 compared with an operating income of $188.0 million, or 5.8 percent of net sales, in 1982 and $88.7 million, or 2.9 percent of net sales, in 1984.

Table 10.--Income-and-loss experience of 6 U.S. producers on the overall operations of their establishments within which welded carbon steel pipes and tubes are produced, accounting years 1982-84

*

*

1/ 1 firm, * * *, which accounted for ✰✰✰ percent of reported 1984 net sales, did not provide the Commission with data on depreciation and amortization. Hence, cash flow from operations is understated, and deficit is overstated.

Source: Compiled from data submitted in response to questionnaires of the U.S. International Trade Commission.

Two producers, *** and ***, which accounted for *** percent of domestic shipments of standard and line pipes and tubes in 1984, provided financial data on their total pipe and tube operations. Hence, their data were not included in any of the income-and-loss data in tables 7 through 10. Their data are presented in the following tabulation: