Burger King 2013 Annual Report Download - page 87
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Table of Contents
Estimated future amortization of favorable and unfavorable lease contracts subject to amortization are as follows (in millions):
2014 $ 0.3 $ (0.6) $ 3.4 $ (9.1) $ 10.2 $ (7.0)
2015 0.3 (0.3) 3.1 (8.8) 9.7 (6.4)
2016 0.2 (0.3) 3.0 (8.5) 9.2 (6.0)
2017 0.2 (0.3) 2.8 (8.3) 8.7 (5.1)
2018 0.2 (0.2) 2.3 (7.8) 8.1 (4.4)
Thereafter 2.5 (0.6) 12.5 (24.2) 33.2 (18.7)
Total $3.7 $(2.3) $ 27.1 $(66.7) $79.1 $(47.6)
Income before income taxes, classified by source of income (loss), is as follows (in millions):
Domestic $ 127.4 $ (4.7) $ 5.4
Foreign 194.8 164.4 109.3
Income before income taxes $322.2 $159.7 $114.7
Income tax expense (benefit) attributable to income from continuing operations consists of the following (in millions):
Current:
Domestic
Federal $ 29.9 $ 19.0 $ 19.3
State, net of federal income tax benefit 3.7 1.1 (0.5)
Foreign 22.8 13.0 14.3
$56.4 $33.1 $33.1
Deferred:
Domestic
Federal $ 27.8 $(1.0) $(13.6)
State, net of federal income tax benefit (1.2) 1.6 0.1
Foreign 5.5 8.3 7.0
$32.1 $8.9 $(6.5)
Total $88.5 $42.0 $26.6
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Source: Burger King Worldwide, Inc., 10-K, February 21, 2014 Powered by Morningstar® Document Research℠
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