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UTG's tax expense for the months ended in Mar. 2024 was $2.43 Mil. Its tax expense for the trailing twelve months (TTM) ended in Mar. 2024 was $4.21 Mil.
The historical data trend for UTG'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.
UTG Annual Data | |||||||||||||||||||||
Trend | Dec14 | Dec15 | Dec16 | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||||
Tax Expense | Get a 7-Day Free Trial | 3.59 | 0.34 | 2.07 | 9.57 | -0.14 |
UTG 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 | -1.92 | 0.13 | 0.53 | 1.11 | 2.43 |
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 $4.21 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.
UTG (OTCPK:UTGN) 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 UTG's Tax Expense provided by GuruFocus.com. Please click on the following links to see related term pages.
Daniel T Roberts | officer: Vice President | 205 NORTH DEPOT STREET, STANFORD KY 40484 |
Jesse T Correll | director, 10 percent owner, officer: Chairman & CEO | |
Bradley John Betack | officer: Secretary | 205 NORTH DEPOT STREET, STANFORD KY 40484 |
John Cortines | director | 205 NORTH DEPOT STREET, STANFORD KY 40484 |
Preston Howard Correll | director | 205 NORTH DEPOT STREET, STANFORD KY 40484 |
April Chapman | director | 205 NORTH DEPOT STREET, STANFORD KY 40484 |
First Southern Funding Llc | 10 percent owner | |
Cumberland Lake Shell Inc | 10 percent owner | PO BOX 430, SOMERSET KY 42502 |
Kirk A. Correll | 10 percent owner | P.O. BOX 328, 99 LANCASTER STREET, STANFORD KY 40484 |
Estate Of Ward F. Correll | 10 percent owner | P.O. BOX 328, 99 LANCASTER STREET, STANFORD KY 40484 |
James Patrick Rousey | director, officer: President | 5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703 |
Douglas Paul Ditto | officer: Vice President | 5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703 |
Thomas Eugene Harmon | director | 5250 SOUTH SIXTH STREET, SPRINGFIELD IL 62703 |
Gabriel John Molnar | director | 12910 SHELBYVILLE RD #200, LOUISVILLE KY 40243 |
Brian J Crall | director | 101 PORTSMOUTH LANE, FRANKFORT KY 40601 |
From GuruFocus
By GuruFocus Research GuruFocus Editor • 08-17-2020
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