Deferred Income Taxes
A liability arising from the difference between regular accounting and tax accounting.
A company's total current liabilities plus long-term debt and deferred income taxes. Total assets can be found on a company's balance sheet. Total assets minus total liabilities equals book value or net worth. See "Price/Book Value."
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Income taxes - The footnotes provide detailed information about the company's current and deferred income taxes.
Within the questionable cash flow figure plotted in the TTM period above, other operating activities (which can include deferred income taxes, pension charges, and other one-off items) provided the biggest boost, at 13.
Cash flow removes all of the accrual accounting adjustments that appear on an income statement such as deferred income taxes and depreciation, and allows us to see a company's earning power and operating success in a slightly different way.
Liabilities - Obligations that a company has outstanding and include such items as long-term debt, deferred income taxes, and accounts payable.
Use of accelerated depreciation for reporting to the Internal Revenue Service and straight-line depreciation for reporting to stockholders is one of the major reasons a firm includes deferred income taxes as a liability on its balance sheet.
 See also: Income, Deferred income tax, Depreciation, Vesting, Investing
  
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