How do you interpret reportable legal entities — deferred income tax expense benefit?

A benefit increases net income, while an expense reduces it, reflecting changes in deferred tax assets or liabilities.

Wintrust Financial WTFC Reportable Legal Entities — Deferred Income Tax Expense Benefit

Discontinued — last reported Q4 '17

Similar metrics at other companies

ARReportable Legal Entities — Deferred Income Tax Expense Benefit

-$25.57M-236%

WMGReportable Legal Entities — Deferred Income Tax Expense Benefit

$42M+2,200%

CGReportable Legal Entities — Deferred Income Tax Assets Net

$178.2M—

CGReportable Legal Entities — Deferred Income Tax Liabilities Net

$75.6M-1.3%

RSReportable Legal Entities — Deferred Tax Liabilities Current

$75.1M—

TPX

TPXReportable Legal Entities — Deferred Income Tax Assets Net

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Other financials

Income statement

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Revenue$713.2M+10.9%

Net income$227.4M+20.3%

EPS (diluted)$3.22+19.7%

Balance sheet

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Cash & equivalents$543.7M-11.8%

Total debt$3.4B+845%

Total equity$7.4B+11.8%

Total assets$72.2B+9.5%

Cash flow

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Operating cash flow$927.2M+674%

CapEx$12.5M-36.2%

Free cash flow$215.1M-54.4%

Valuation

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Market cap$10.39B+24.6%

P/E12.1×+0.1×

P/S3.8×+1.1×

Profitability

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Net margin26.6%-2.0pp

FCF margin23.1%-19.1pp

Returns & leverage

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Return on equity12.3%+0.8pp

Debt / equity0.5×+0.4×

Where this comes from

Reported directly by Wintrust Financial in its filing.

Tagged under the XBRL concept us-gaap:DeferredIncomeTaxExpenseBenefit.

The official record: Wintrust Financial’s 10-K, filed February 28, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does reportable legal entities — deferred income tax expense benefit mean?: The tax impact of timing differences between financial reporting and tax filings.
How do you interpret reportable legal entities — deferred income tax expense benefit?: A benefit increases net income, while an expense reduces it, reflecting changes in deferred tax assets or liabilities.
How does reportable legal entities — deferred income tax expense benefit compare across companies?: Standard tax accounting metric found in income statements.