Annual report pursuant to Section 13 和 15(d)

所得税

v2.4.0.8
所得税
 12个月结束
12月. 31, 2013
Income Tax Disclosure [Abstract]  
所得税
所得税
持续经营的所得税准备包括下列各项：
 
 
2013
 
2012
 
2011
 
(千)
电流:
 
 
 
 
 
状态
$
6,860

 
$
84

 
$
—

联邦
6,325

 
646

 
282

延迟:
 
 
 
 
 
状态
7,385

 
2,214

 
—

联邦
77,566

 
23,419

 
(372
)
Total income tax expense (benefit) provision from continuing operations
$
98,136

 
$
26,363

 
$
(90
)

法定联邦所得税金额与已记录费用的对账如下：
 
 
2013
 
2012
 
2011
 
(千)
Income from continuing operations before federal income taxes
$
251,328

 
$
98,199

 
$
108,332

Expected income tax at statutory rate
87,965

 
34,370

 
37,916

州所得税
9,297

 
1,493

 
4,227

其他的差异
874

 
292

 
(146
)
Changes in valuation allowance
—

 
(9,792
)
 
(42,087
)
Income tax expense (benefit) recorded for continuing operations
$
98,136

 
$
26,363

 
$
(90
)

临时差异的税收影响和净经营亏损结转, which give rise to deferred tax assets 和 liabilities at 2013年12月31日, 2012 和 2011 are estimated as follows: 
 
2013
 
2012
 
2011
 
(千)
递延税项资产：
 
 
 
 
 
Net operating loss carryforward
$
1,462

 
$
1,513

 
$
40,880

FASB ASC 718 compensation expense
634

 
762

 
520

Investment in pass through entities
—

 
—

 
78

AMT信贷
7,968

 
1,643

 
1,000

Non-oil 和 gas property basis difference
—

 
—

 
103

Charitable contributions carryover
25

 
5

 
3

Unrealized loss on hedging activities
8,540

 
3,836

 
—

Foreign tax credit carryforwards
2,074

 
2,074

 
—

状态 net operating loss carryover
4,408

 
4,315

 
6,410

Total deferred tax assets
25,111

 
14,148

 
48,994

Valuation allowance for deferred tax assets
(4,743
)
 
(4,629
)
 
(12,347
)
Deferred tax assets, net of valuation allowance
20,368

 
9,519

 
36,647

Deferred tax liabilities:
 
 
 
 
 
Oil 和 gas property basis difference
72,173

 
15,049

 
35,637

Investment in pass through entities
8,799

 
3,618

 
—

Non-oil 和 gas property basis difference
249

 
227

 
—

Investment in nonconsolidated affiliates
46,495

 
9,232

 
—

Unrealized gain on hedging activities
—

 
—

 
10

Total deferred tax liabilities
127,716

 
28,126

 
35,647

Net deferred tax asset (liability)
$
(107,348
)
 
$
(18,607
)
 
$
1,000


公司有一个可用的联邦税净经营亏损结转估计约为 $4.200万年 的 2013年12月31日. This carryforward will begin to expire in the year 2023. 基于 2013年12月31日 和 2012 net deferred tax liability position of the Company's oil 和 gas assets, 管理层认为，这体育平台是一个积极的证据来源，可以在结转到期之前利用它. Therefore, a valuation allowance has not been provided at 2013年12月31日 和 2012. A valuation allowance has been provided at 2011年12月31日 because it was management’s belief at that time, 基于公司过去无应税收入的历史和对结转期间无应税收入的未来预测, 递延所得税资产净额很可能无法实现. The Company also has state net operating loss carryovers of $84.800万年 将于2014年到期的路易斯安那州的税收抵免政策 $8.000万年 with no expiration date 和 federal foreign tax credit carryovers of $2.100万年 which begin to expire in 2017. The Company has recorded a valuation allowance of $4.700万年 与国家净经营亏损结转和外国税收抵免结转有关，因为结转可能不会基于更有可能的基础被利用.
In 2012, the Diamondback Contribution generated an estimated $61.900万年 应税收益. As a result, the Company recognized $9.800万年 其递延税项资产的一部分，这些资产先前已受估值备抵. The Company also recognized $25.600万年 2012年的递延税项费用，主要体育平台是由于Diamondback贡献收益的先前净运营损失的利用. In 2013, the sale of Diamondback common shares generated $120.000万年 应税收益 resulting in deferred tax expense of $35.700万年 和 current tax expense of $13.200万年. 公司目前2013年和2012年的联邦税收支出主要归因于替代性最低税.