Increase (Decrease) in Deferred Income Taxes
Barnes Group Increase (Decrease) in Deferred Income Taxes decreased by 178.2% to -$9.79M in Q1 2024 compared to the prior quarter. Year-over-year, this metric declined by 622.1%, from -$1.36M to -$9.79M. Over 2 years (FY 2021 to FY 2023), Increase (Decrease) in Deferred Income Taxes shows a downward trend with a -8.9% CAGR.
Analysis
How to read this metric
An increase suggests tax expenses were recorded but not yet paid, while a decrease indicates the utilization of deferred tax assets or payment of previously deferred liabilities.
Detailed definition
Represents the non-cash impact on operating cash flow resulting from timing differences between financial reporting and...
Peer comparison
Common across all capital-intensive industries; peers often show fluctuations based on tax legislation and capital investment cycles.
operating_increase_decrease_in_deferred_income_taxesHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $5.00M | $1.95M | $12.30M | -$2.12M | $3.38M | $3.09M | -$7.00M | -$1.36M | $577.00K | $4.32M | $12.52M | -$9.79M |
| QoQ Change | — | -61.0% | +530.5% | -117.2% | +259.6% | -8.5% | -326.4% | +80.6% | +142.6% | +648.7% | +189.7% | -178.2% |
| YoY Change | — | — | — | — | -32.5% | +58.3% | -156.9% | +35.9% | -82.9% | +39.9% | +278.9% | -622.1% |
Increase (Decrease) in Deferred Income Taxes at Other Companies
Frequently Asked Questions
- What is Barnes Group's increase (decrease) in deferred income taxes?
- Barnes Group (B) reported increase (decrease) in deferred income taxes of -$9.79M in Q1 2024.
- How has Barnes Group's increase (decrease) in deferred income taxes changed year-over-year?
- Barnes Group's increase (decrease) in deferred income taxes decreased by 622.1% year-over-year, from -$1.36M to -$9.79M.
- What is the long-term trend for Barnes Group's increase (decrease) in deferred income taxes?
- Over 2 years (2021 to 2023), Barnes Group's increase (decrease) in deferred income taxes has grown at a -8.9% compound annual growth rate (CAGR), from $19.35M to $16.06M.
- What does increase (decrease) in deferred income taxes mean?
- The change in cash flow caused by differences between when taxes are recorded for accounting and when they are paid to authorities.