Originally Posted by
Grumble
UA has gotten no benefit from the tax cut. They’re still taking carry forward tax losses from the lost decade. When those run out UA will actually have to pay taxes.
Yup. And now the carry forwards will last even longer.
Taxes: On December 22, 2017, the Tax Cuts and Jobs Act was signed into federal law, which, among other changes, reduces the federal corporate tax rate to 21%. The tax rate change will reduce the Company’s federal income tax liability in future years beginning with 2018. The Company expects a tax rate of approximately 22% to 24% for the full year of 2018. The Company’s net operating loss carryforwards are expected to offset taxable income and no material cash taxes are expected to be paid in 2018.