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Molson Coors Beverage Co Tax Expense

: $240 Mil (TTM As of Sep. 2021)
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Molson Coors Beverage Co's tax expense for the months ended in Sep. 2021 was $27 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2021 was $240 Mil.


Molson Coors Beverage Co Tax Expense Historical Data

The historical data trend for Molson Coors Beverage Co'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.

* Premium members only.

Molson Coors Beverage Co Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Tax Expense
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1,454.30 -204.60 225.20 233.70 301.80

Molson Coors Beverage Co Quarterly Data
Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21
Tax Expense Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 104.00 36.60 44.30 132.30 26.80

Molson Coors Beverage Co Tax Expense Calculation

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 Sep. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $240 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.


Molson Coors Beverage Co  (NYSE:TAP) 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.


Molson Coors Beverage Co Tax Expense Related Terms

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Molson Coors Beverage Co Business Description

Molson Coors Beverage Co logo
Industry
Address
NH353, P.O. Box 4030, Golden, CO, USA, 80401
Molson Coors is the fifth- largest beer producer globally, boasting top-two positioning in the U.S., Canada, and many Central European markets. It brews and markets a slew of company-owned brands including Blue Moon, Coors, Miller, Vizzy, and Staropramen. It also sells various partner brands in certain locales such as Topo Chico (licensed from Coca-Cola), Amstel and Dos Equis in Canada (through an exclusive import/license arrangement with Heineken) and Corona in Central Europe (through an agreement with Anheuser-Busch InBev). The firm's go-to-market approach differs by geography as well, primarily using independent distributors in the U.S., but deploying hybrid models in Canada and Europe.
Executives
Herington Charles M director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Eaton Roger G. director 1441 GARDINER LANE LOUISVILLE KY 40213
Napier Iain J G director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Tough Douglas D. director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Vachon Louis director 1155 METCALFE STREET MONTREAL QUEBEC CANADA E6 0000
Coors Peter H director, 10 percent owner, other: Vice Chairman of the Board 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Coors David S. director P.O. BOX 4030 NH353 GOLDEN CO 80401
Winnefeld James A Jr director 870 WINTER STREET WALTHAM MA 02451
Fergusonmchugh Marylynn director ONE PROCTER & GAMBLE PLAZA CINCINNATI OH 45202
Molson Andrew Thomas director, other: Chairman of the Board 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Riley H Sanford director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Molson Geoffrey E. director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Hobbs Franklin W Iv director 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Cox Simon officer: Pres&CEO, Molson Coors Europe 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202
Tabolt Brian officer: VP,Controller & Chf Acct Off 1801 CALIFORNIA STREET, SUITE 4600 DENVER CO 80202

Molson Coors Beverage Co Headlines

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