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Kinder Morgan Inc (NYSE:KMI)
Tax Expanse
$787 Mil (TTM As of Sep. 2016)

Kinder Morgan Inc's tax expense for the three months ended in Sep. 2016 was $377 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2016 was $787 Mil.


Definition

Tax paid by the company. It is computed in by multiplying the income before tax number, as reported to shareholders, by the appropriate tax rate. In reality, the computation is typically considerably more complex due to things such as expenses considered not deductible by taxing authorities ("add backs"), the range of tax rates applicable to various levels of income, different tax rates in different jurisdictions, multiple layers of tax on income, and other issues.

Kinder Morgan Inc Tax Expense for the trailing twelve months (TTM) ended in Sep. 2016 was 43 (Dec. 2015 ) + 154 (Mar. 2016 ) + 213 (Jun. 2016 ) + 377 (Sep. 2016 ) = $787 Mil.

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.


Explanation

In the long run, income before tax and taxable income will likely be more similar than they are in any given period. If the one is less in earlier years, then it will be greater in later years. Deferred taxes will reverse themselves in the long run and in total will zero out, unless there is something like a change in tax rates in the intervening period. A deferred tax payable results from a tax break in the early years and will reverse itself in later years; a deferred tax receivable results from more taxes being paid in early years than the tax expense reported to shareholders and will again reverse itself in later years. The deferred tax amount is computed by estimating the amount and the timing of the reversal and multiplying that by the appropriate tax rates.


Related Terms

Net Income


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Kinder Morgan Inc Annual Data

Dec08Dec09Dec10Dec11Dec12Dec13Dec14Dec15
tax 00304327168361139742648564

Kinder Morgan Inc Quarterly Data

Jun14Sep14Dec14Mar15Jun15Sep15Dec15Mar16Jun16Sep16
tax 1782462422418910843154213377
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