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Comfort Systems USA's tax expense for the months ended in Mar. 2024 was $27 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2024 was $83 Mil.
The historical data trend for Comfort Systems USA's Tax Expense 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.
Comfort Systems USA Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tax Expense | Get a 7-Day Free Trial | 37.42 | 41.40 | 46.93 | -10.09 | 64.80 |
Comfort Systems USA Quarterly Data | ||||||||||||||||||||
Jun19 | Sep19 | Dec19 | Mar20 | Jun20 | Sep20 | Dec20 | Mar21 | Jun21 | Sep21 | Dec21 | Mar22 | Jun22 | Sep22 | Dec22 | Mar23 | Jun23 | Sep23 | Dec23 | Mar24 | |
Tax Expense | Get a 7-Day Free Trial | 8.61 | 15.73 | 20.31 | 20.15 | 26.74 |
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.
Tax Expense for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $83 Mil.
* 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.
Comfort Systems USA (NYSE:FIX) Tax Expense 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.
Thank you for viewing the detailed overview of Comfort Systems USA's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Skidmore Constance Ellen | director | 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Rhoman J Hardy | director | 2828 N. HARWOOD ST., SUITE 1300, DALLAS TX 75201 |
William J Sandbrook | director | C/O U.S. CONCRETE, INC., 331 N. MAIN STREET, EULESS TX 76039 |
Vance W Tang | director | C/O KONE INC., 4225 NAPERVILLE ROAD, SUITE 400, LISLE IL 60532 |
Laura Finley Howell | officer: VP, General Counsel, Secretary | 675 BERING DRIVE SUITE 400, HOUSTON TX 77057 |
Franklin Myers | director | C/O CAMERON INT'L CORPORATION, 1333 WEST LOOP S. #1700, HOUSTON TX 77027 |
Brian E. Lane | officer: President / CEO | COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Julie Shaeff | officer: Chief Accounting Officer | COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Cindy L. Wallis-lage | director | C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
William Iii George | officer: Chief Financial Officer | 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Herman E Bulls | director | JONES LANG LASALLE, 1801 K STREET NW SUITE 1000, WASHINGTON DC 20006 |
T Mckenna Trent | officer: VP, General Counsel & Secy | C/O COMFORT SYSTEMS USA, INC., 675 BERING DRIVE, SUITE 400, HOUSTON TX 77057 |
Darcy Anderson | director | C/O PEROT SYSTEMS CORP, 2300 WEST PLANO PKWY, PLANO TX 75075 |
Pablo G. Mercado, | director | 920 MEMORIAL CITY WAY, SUITE 800, HOUSTON TX 77024 |
Alan Krusi | director | AECOM, 555 SOUTH FLOWER ST. 37TH FLOOR, LOS ANGELES CA 90071 |
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