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Iridium Communications's tax expense for the months ended in Mar. 2024 was $7.9 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2024 was $-12.9 Mil.
The historical data trend for Iridium Communications'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.
Iridium Communications Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tax Expense | Get a 7-Day Free Trial | -56.12 | -32.91 | -19.57 | 0.29 | -26.25 |
Iridium Communications 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 | -5.45 | -5.21 | -6.01 | -9.58 | 7.93 |
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 $-12.9 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.
Iridium Communications (NAS:IRDM) 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 Iridium Communications's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Matthew J Desch | director, officer: Chief Executive Officer | C/O SAIC, 10260 CAMPUS POINT DR M/S F3, SAN DIEGO CA 92121 |
Jacqueline E Yeaney | director | 2002 SUMMIT BOULEVARD, SUITE 100, ATLANTA GA 30319 |
Bryan J. Hartin | officer: EVP-Sales and Marketing | C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102 |
Robert H Niehaus | director, officer: Senior Vice President | 4747 GAILLARDIA PARKWAY, OKLAHOMA CITY OK 73142 |
Suzanne E. Mcbride | officer: Chief Operations Officer | C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102 |
Barry West | director | NEXTEL, 2001 EDMUND HALLEY DR, RESTON VA 20191 |
Scott Scheimreif | officer: EVP-Government Programs | C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102 |
Thomas C Canfield | director | C/O SPIRIT AIRLINES, INC., 2800 EXECUTIVE WAY, MIRAMAR FL 33025 |
Kathleen A. Morgan | officer: Chief Legal Officer | C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD SUITE 1400, MCLEAN VA 22102 |
Thomas Fitzpatrick | officer: Chief Financial Officer | C/O CENTENNIAL COMMUNICATIONS CORP, 3349 RTE 138, WALL NJ 07719 |
Henrik O. Schliemann | director | C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102 |
Timothy Kapalka | officer: VP Iridium Satellite LLC | C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, MCLEAN VA 22102 |
Parker William Rush | director | 5525 LBJ FREEWAY, DALLAS TX 75240 |
A B Krongard | director | C/O UNDER ARMOUR, INC., 1020 HULL STREET, BALTIMORE MD 21230 |
Kay Sears | director | C/O IRIDIUM COMMUNICATIONS INC., 1750 TYSONS BOULEVARD, SUITE 1400, MCLEAN VA 22102 |
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