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Oscar Health's tax expense for the months ended in Mar. 2024 was $1 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2024 was $2 Mil.
The historical data trend for Oscar Health'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.
Oscar Health Annual Data | |||||||||||
Trend | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | ||||||
Tax Expense | 1.79 | 1.05 | 0.85 | -0.52 | 3.29 |
Oscar Health Quarterly Data | ||||||||||||||||||
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 | 2.02 | 1.16 | 0.92 | -0.81 | 1.00 |
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 $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.
Oscar Health (NYSE:OSCR) 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 Oscar Health's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Alessandrea C. Quane | officer: EVP, Chief Insurance Officer | 175 WATER STREET, NEW YORK NY 10038 |
Richard Scott Blackley | officer: Chief Financial Officer | 1680 CAPITAL ONE DRIVE, MCLEAN VA 22102 |
Ranmali Bopitiya | officer: EVP & Chief Legal Officer | C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013 |
Victoria Baltrus | officer: Chief Accounting Officer | C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013 |
Mario Schlosser | director, officer: Chief Executive Officer | C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013 |
Sid Sankaran | director, officer: Chief Financial Officer | 180 MAIDEN LANE, NEW YORK NY 10038 |
Alphabet Inc. | 10 percent owner | 1600 AMPHITHEATRE PARKWAY, MOUNTAIN VIEW CA 94043 |
Mark T Bertolini | director, officer: Chief Executive Officer | AETNA INC., 151 FARMINGTON AVENUE, HARTFORD CT 06156 |
William Gassen | director | 75 VARICK STREET, 5TH FLOOR, NEW YORK CITY NY 10013 |
Laura W Lang | director | DIGITAS INC., 800 BOYLSTON STREET, BOSTON MA 02199 |
Dennis Weaver | officer: Chief Clinical Officer | C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013 |
Meghan V. Joyce | officer: Chief Operating Officer | THE BOSTON BEER COMPANY, INC., ONE DESIGN CENTER PL., STE. 850, BOSTON MA 02210 |
Thrive Partners Vii Growth Gp, Llc | 10 percent owner | 295 LAFAYETTE STREET, NEW YORK NY 10012 |
Joshua Kushner | director, 10 percent owner, officer: See Remarks | C/O OSCAR HEALTH, INC., 75 VARICK STREET, 5TH FLOOR, NEW YORK NY 10013 |
Thrive Partners Vii Gp, Llc | 10 percent owner | 295 LAFAYETTE STREET, NEW YORK NY 10012 |
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