Phillips 66 Deferred Tax Assets, Net of Valuation Allowance decreased by 5.0% to $1.09B in Q4 2025 compared to the prior quarter. Year-over-year, this metric declined by 5.0%, from $1.15B to $1.09B. Over 5 years (FY 2020 to FY 2025), Deferred Tax Assets, Net of Valuation Allowance shows relatively stable performance with a 0.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
An increase indicates higher potential future tax savings, often resulting from timing differences in depreciation or other accounting treatments.
This represents the total value of deferred tax assets after subtracting the valuation allowance. It reflects future tax...
Utility companies often have significant deferred tax assets due to capital-intensive investments and specific regulatory accounting rules.
other_deferred_tax_assets_net| Q4 '21 | Q4 '22 | Q4 '23 | Q4 '24 | Q4 '25 | |
|---|---|---|---|---|---|
| Value | $994.00M | $793.00M | $895.00M | $1.15B | $1.09B |
| QoQ Change | — | -20.2% | +12.9% | +28.6% | -5.0% |
| YoY Change | — | -20.2% | +12.9% | +28.6% | -5.0% |