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GuruFocus has detected 4 Warning Signs with Lowe's Companies Inc \$LOW.
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Lowe's Companies Inc (NYSE:LOW)
Tax Expense
\$2,108 Mil (TTM As of Jan. 2017)

Lowe's Companies Inc's tax expense for the three months ended in Jan. 2017 was \$447 Mil. Its tax expense for the trailing twelve months (TTM) ended in Jan. 2017 was \$2,108 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.

Lowe's Companies Inc Tax Expense for the trailing twelve months (TTM) ended in Jan. 2017 was 546 (Apr. 2016 ) + 718 (Jul. 2016 ) + 397 (Oct. 2016 ) + 447 (Jan. 2017 ) = \$2,108 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.

Lowe's Companies Inc Annual Data

 Jan08 Jan09 Jan10 Jan11 Jan12 Jan13 Jan14 Jan15 Jan16 Jan17 tax 1,702 1,311 1,042 1,218 1,067 1,178 1,387 1,578 1,873 2,108

Lowe's Companies Inc Quarterly Data

 Oct14 Jan15 Apr15 Jul15 Oct15 Jan16 Apr16 Jul16 Oct16 Jan17 tax 369 237 425 713 451 284 546 718 397 447
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