Discontinued — last reported Q4 '23
US State — Operating Loss Carryforwards Valuation Allowance
Willis Towers Watson US State — Operating Loss Carryforwards Valuation Allowance increased by 20.0% to $12.00M in Q4 2023 compared to the prior quarter. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
How to read this metric
An increase in the valuation allowance suggests management has lowered its expectations for future taxable income in specific states or that tax attributes are expiring unused. A decrease indicates improved confidence in generating sufficient state-level taxable income to utilize these tax assets.
Detailed definition
This metric represents the valuation allowance established against deferred tax assets arising from operating loss carry...
Peer comparison
Peer companies with significant multi-state operations typically disclose similar valuation allowances for state net operating losses, often varying based on the geographic footprint and historical profitability of specific state entities.
wtw_segment_us_state_operating_loss_carryforwards_valuation_allowanceHistorical Data
| Q4 '21 | Q4 '22 | Q4 '23 | |
|---|---|---|---|
| Value | $28.00M | $10.00M | $12.00M |
| QoQ Change | — | -64.3% | +20.0% |
| YoY Change | — | -64.3% | +20.0% |
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Frequently Asked Questions
- What is Willis Towers Watson's us state — operating loss carryforwards valuation allowance?
- Willis Towers Watson (WTW) reported us state — operating loss carryforwards valuation allowance of $12.00M in Q4 2023.
- What does us state — operating loss carryforwards valuation allowance mean?
- The portion of state-level tax loss benefits that the company expects it will be unable to use to reduce future tax payments.