Question about deferred taxes in tax footnote

TwoSocksBobby's picture
Rank: Monkey | 40

When looking at the tax footnote that breaks down the current and deferred portion taxes of a 10-K, the deferred tax portion should ideally be equal to the change between net deferred taxes (usually listed further in the tax footnote). Unfortunately, the 10-K I'm looking doesn't have that result. The company operates in foreign jurisdictions so I'm thinking it may have something to do with the FX and tax rates overseas. Is there anyone that can shed some light on why the two amounts might be different?

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Jun 1, 2018