Burger King 2011 Annual Report Download - page 101

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Table of Contents
BURGER KING HOLDINGS, INC. AND SUBSIDIARIES
Notes to Consolidated Financial Statements — (Continued)
Note 10. Income Taxes
Income (loss) before income taxes, classified by source of income (loss), is as follows (in millions):
Successor Predecessor
2011
October 19, 2010 to
December 31, 2010
July 1, 2010 to
October 18, 2010
Fiscal 2010 Fiscal 2009
Domestic $ 37.5 $ (114.9) $ 61.4 $ 228.4 $ 241.4
Foreign 109.3 (11.8) 25.5 55.9 43.4
Income (loss) before income taxes $ 146.8 $ (126.7) $ 86.9 $ 284.3 $ 284.8
Income tax expense (benefit) attributable to income from continuing operations consists of the following (in millions):
Successor Predecessor
2011
October 19, 2010 to
December 31, 2010
July 1, 2010 to
October 18, 2010
Fiscal 2010 Fiscal 2009
Current:
Domestic
Federal $ 19.3 $ (44.0) $ 7.1 $ 64.7 $ 57.0
State, net of federal income tax benefit (0.5) (0.9) 1.7 4.6 6.1
Foreign 14.3 2.2 3.5 11.3 9.5
$ 33.1 $ (42.7) $ 12.3 $ 80.6 $ 72.6
Deferred:
Domestic
Federal $ (1.1) $ 9.4 $ 9.2 $ 14.4 $ 9.1
State, net of federal income tax benefit 0.8 (2.9) 1.2 3.1 6.2
Foreign 7.0 11.1 (6.9) (0.6) (3.2)
$ 6.7 $ 17.6 $ 3.5 $ 16.9 $ 12.1
Total $ 39.8 $ (25.1) $ 15.8 $ 97.5 $ 84.7
100
Source: Burger King Holdings Inc, 10-K, March 14, 2012 Powered by Morningstar® Document Research℠