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Garmin's tax expense for the months ended in Dec. 2023 was $-159 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-89 Mil.
The historical data trend for Garmin'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.
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 Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-89 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.
Garmin (NYSE:GRMN) 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 Garmin's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Clifton A Pemble | director, officer: President and CEO | |
Cheng-wei Wang | officer: General Manager - Garmin Corp. | NO. 68, ZHANGSHU 2ND ROAD, XIZHI DISTRICT, NEW TAIPEI CITY F5 221 |
Sean Biddlecombe | officer: General Manager, Garmin Europe | LIBERTY HOUSE, HOUNSDOWN BUSINESS PARK, SOUTHAMPTON X0 SO40 9LR |
Douglas G. Boessen | officer: CFO and Treasurer | 3231 S.E. SIXTH AVENUE, TOPEKA KS 66607 |
Patrick Desbois | officer: Vice President, Operations | 1200 EAST 151ST STREET, OLATHE KS 66062 |
Matthew Munn | officer: VP, Man. Director - Auto OEM | 28001 CABOT DRIVE, SUITE 100, NOVI MI 48377 |
Philip Straub | officer: VP, Man. Director - Aviation | 1200 EAST 151ST STREET, OLATHE KS 66062 |
Jonathan Burrell | 10 percent owner | 6300 WEST 143RD STREET, OVERLAND PARK KS 66223 |
Joseph J Hartnett | director | 425 NORTH MARTINGALE ROAD, SUITE 1000, SCHAUMBURG IL 60173 |
Min H Kao | director, 10 percent owner, officer: Chairman and CEO | 1200 E. 151ST ST., OLATHE KS 66062 |
Catherine A. Lewis | director | 325 NE NORTHGATE CROSSING, LEE'S SUMMIT MO 64064 |
Pao-chang Huang | officer: General Manager - Garmin Corp. | NO. 68, JANGSHU 2ND ROAD, SIJHIH, TAPEI F5 ROC |
Danny J Bartel | officer: Vice President,Worldwide Sales | 1200 EAST 151ST STREET, OLATHE KS 66062 |
Donald Eller | director | |
Andrew R Etkind | officer: General Counsel and Secretary | 1200 E 151 ST ST, OLATHE KS 66062 |
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