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Sirona Dental Systems Inc  (NAS:SIRO) Tax Expense: \$56 Mil (TTM As of Dec. 2015)

Sirona Dental Systems Inc's tax expense for the months ended in Dec. 2015 was \$16 Mil. Its tax expense for the trailing twelve months (TTM) ended in Dec. 2015 was \$56 Mil.

Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their local exchange's currency.

Sirona Dental Systems Inc Annual Data

 Mar06 Sep07 Sep08 Sep09 Sep10 Sep11 Sep12 Sep13 Sep14 Sep15 Tax Expense 35.74 42.70 49.00 53.00 54.80

Sirona Dental Systems Inc Quarterly Data

 Mar11 Jun11 Sep11 Dec11 Mar12 Jun12 Sep12 Dec12 Mar13 Jun13 Sep13 Dec13 Mar14 Jun14 Sep14 Dec14 Mar15 Jun15 Sep15 Dec15 Tax Expense 14.00 10.80 17.80 12.20 15.50

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 Dec. 2015 was 10.8 (Mar. 2015 ) + 17.8 (Jun. 2015 ) + 12.2 (Sep. 2015 ) + 15.5 (Dec. 2015 ) = \$56 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.

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