Burger King 2012 Annual Report Download - page 100
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Table of Contents
Estimated future amortization of favorable and unfavorable lease contracts subject to amortization are as follows (in millions):
2013 $2.5 $(9.5) $4.8 $(10.0) $9.8 $(4.7)
2014 2.3 (8.5) 4.3 (9.5) 9.6 (4.1)
2015 2.1 (7.2) 3.8 (9.1) 9.1 (3.5)
2016 2.0 (6.4) 3.5 (8.8) 8.6 (3.2)
2017 1.7 (5.1) 3.3 (8.4) 8.3 (2.8)
Thereafter 8.0 (22.0) 16.9 (32.9) 42.3 (13.4)
Total $18.6 $ (58.7) $36.6 $(78.7) $ 87.7 $(31.7)
Income (loss) before income taxes, classified by source of income (loss), is as follows (in millions):
Domestic $(4.7) $ 5.4 $(132.1) $ 61.4 $228.4
Foreign 164.4 109.3 (11.8) 25.5 55.9
Income (loss) before income taxes $159.7 $114.7 $(143.9) $86.9 $284.3
Income tax expense (benefit) attributable to income from continuing operations consists of the following (in millions):
Current:
Domestic
Federal $19.0 $ 19.3 $(44.0) $ 7.1 $ 64.7
State, net of federal income tax benefit 1.1 (0.5) (0.9) 1.7 4.6
Foreign 13.0 14.3 2.2 3.5 11.3
$33.1 $33.1 $(42.7) $12.3 $ 80.6
Deferred:
Domestic
Federal $(1.0) $(13.6) $6.5 $9.2 $14.4
State, net of federal income tax benefit 1.6 0.1 (3.1) 1.2 3.1
Foreign 8.3 7.0 11.1 (6.9) (0.6)
$8.9 $(6.5) $ 14.5 $ 3.5 $16.9
Total $42.0 $26.6 $(28.2) $15.8 $97.5
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Source: Burger King Worldwide, Inc., 10-K, February 22, 2013 Powered by Morningstar® Document Research℠
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