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PNC Financial Services PNC Deferred Foreign Tax Expense (Benefit)

Other financials

Income statement

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Revenue$6.2B+13.1%
Net income$1.8B+18.2%
EPS (diluted)$4.13+17.7%

Balance sheet

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Cash & equivalents$31.7B-15.3%
Total debt$66.7B+9.8%
Total equity$63.6B+12.8%
Total assets$603.03B+8.7%

Cash flow

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Operating cash flow$1.9B+479%

Valuation

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Market cap$98.5B+40.4%
Enterprise value$133.46B+42.8%
P/E13.6×+2.1×
P/S4.1×+0.9×

Profitability

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Net margin30.5%+2.6pp

Returns & leverage

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Return on equity12.1%+0.8pp
Debt / equity0.0×

Questions, answered.

What does deferred foreign tax expense (benefit) mean?
Captures the deferred component of income tax expense related to operations in foreign jurisdictions. It accounts for the timing differences between the recognition of income for financial reporting and tax purposes in international markets.