FORFF.PFD (Fortis) Deferred Tax : $196.56 Mil (TTM As of Sep. 2024)

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What is Fortis Deferred Tax?

Change In Deferred Tax represents future tax liability or asset, resulting from temporary differences between book (accounting) value of assets and liabilities, and their tax value. This arises due to differences between financial accounting for shareholders and tax accounting.

Fortis's change in deferred tax for the three months ended in Sep. 2024 was $45.03 Mil. Its change in deferred tax for the trailing twelve months (TTM) ended in Sep. 2024 was $196.56 Mil.

Fortis Deferred Tax Historical Data

The historical data trend for Fortis's Deferred Tax can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Fortis Deferred Tax Chart

Fortis Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Deferred Tax

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187.56

176.44

114.84

133.97

202.74

Fortis Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Deferred Tax	Get a 7-Day Free Trial															47.30	114.04	22.16	15.32	45.03

Fortis Deferred Tax Calculation

Deferred Tax for the trailing twelve months (TTM) ended in Sep. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $196.56 Mil.

Fortis Deferred Tax Related Terms

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Fortis Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Utilities » Utilities - Regulated » Fortis Inc (OTCPK:FORFF.PFD) » Definitions » Deferred Tax

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Address

5 Springdale Street, Suite 1100, Fortis Place, Saint John’s, NL, CAN, A1E 0E4

Website

https://www.fortisinc.com

Fortis owns and operates eight utility transmission and distribution subsidiaries in Canada and the United States, serving more than 3.4 million electricity and gas customers. The company has smaller stakes in electricity generation and several Caribbean utilities. Subsidiary ITC operates electric transmission in seven US states, with more than 16,000 miles of high-voltage transmission lines in operation.