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SRC Energy (SRC Energy) Tax Expense : $69.2 Mil (TTM As of Sep. 2019)


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What is SRC Energy Tax Expense?

SRC Energy's tax expense for the months ended in Sep. 2019 was $13.0 Mil. Its tax expense for the trailing twelve months (TTM) ended in Sep. 2019 was $69.2 Mil.


SRC Energy Tax Expense Historical Data

The historical data trend for SRC Energy'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.

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SRC Energy Tax Expense Chart

SRC Energy Annual Data
Trend Aug09 Aug10 Aug11 Aug12 Aug13 Aug14 Aug15 Dec16 Dec17 Dec18
Tax Expense
Get a 7-Day Free Trial Premium Member Only Premium Member Only 15.01 11.68 0.11 -0.10 37.97

SRC Energy Quarterly Data
Nov14 Feb15 May15 Aug15 Nov15 Mar16 Jun16 Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19
Tax Expense Get a 7-Day Free Trial 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 8.92 19.89 18.03 18.24 13.04

SRC Energy 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. 2019 adds up the quarterly data reported by the company within the most recent 12 months, which was $69.2 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.


SRC Energy  (AMEX:SRCI) 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.


SRC Energy Tax Expense Related Terms

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SRC Energy (SRC Energy) Business Description

Traded in Other Exchanges
N/A
Address
1675 Broadway, Suite 2600, Denver, CO, USA, 80202
SRC Energy Inc, formerly Synergy Resources Corp is an oil & natural gas company. It is engaged in the acquisition, development, exploitation, exploration and production of oil and natural gas properties.
Executives
Lynn A Peterson director, officer: President, CEO 1625 BROADWAY, SUITE 250, DENVER CO 80202
James P Henderson officer: EVP & Chief Financial Officer 1625 BROADWAY, SUITE 250, DENVER CO 80202
Paul Korus director C/O CIIRMAREX ENERGY CO, 707 17TH ST. #3300, DENVER CO 80202-3404
Jack N Aydin director 6 DEFOREST CORT, W. NYACK NY 10094
Rick Wilber director
Frank L Jennings officer: Chief Accounting Officer 5455 SPINE ROAD SUITE C, BOULDER CO 80301
Bill M Conrad director 2886 CARRIAGE MANOR POINT, COLO SPGS CO 80906