Waters Corp 2024 10-K: Tax Provision Rises on Foreign NOLs
Ticker: WAT · Form: 10-K · Filed: Feb 25, 2025 · CIK: 1000697
| Field | Detail |
|---|---|
| Company | Waters Corp /De/ (WAT) |
| Form Type | 10-K |
| Filed Date | Feb 25, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, tax, financials
TL;DR
Waters Corp's 2024 10-K shows higher taxes due to foreign NOLs; currency fluctuations also played a role.
AI Summary
Waters Corp /DE/ filed its 2024 10-K on February 25, 2025, reporting on its fiscal year ending December 31, 2024. The company's income tax provision saw an increase in 2024, primarily due to a rise in foreign net operating losses. Changes in the valuation allowance were largely influenced by foreign currency translation effects on net operating loss carryforwards for the years 2024, 2023, and 2022.
Why It Matters
This filing provides insight into Waters Corp's tax liabilities and the factors influencing them, which can impact future profitability and financial reporting.
Risk Assessment
Risk Level: medium — The filing details standard financial reporting and tax considerations without indicating significant new risks or opportunities.
Key Numbers
- 1231 — Fiscal Year End (Indicates the end of the reporting period for the company's financial statements.)
- 0001000697 — Central Index Key (Unique identifier for Waters Corp in SEC filings.)
Key Players & Entities
- WATERS CORP /DE/ (company) — Filer of the 10-K
- 2024 (date) — Fiscal year end
- December 31, 2024 (date) — Fiscal year end
- February 25, 2025 (date) — Filing date
- 34 MAPLE ST, MILFORD, MA 01757 (location) — Company's business and mailing address
FAQ
What was the primary reason for the increase in the income tax provision in 2024?
The increase in the 2024 charge to the provision for income taxes can be attributed to an increase in foreign net operating losses.
What factors primarily influenced the changes in the valuation allowance for the years ended December 31, 2024, 2023, and 2022?
The changes in the valuation allowance during these years were primarily due to the effect of foreign currency translation on a valuation allowance related to a net operating loss carryforward.
When did Waters Corp change its former name from WCD INVESTORS INC /DE/?
The date of the name change from WCD INVESTORS INC /DE/ to Waters Corp /DE/ was June 5, 1996.
What is Waters Corp's Standard Industrial Classification (SIC) code?
Waters Corp's Standard Industrial Classification (SIC) code is 3826, which corresponds to Laboratory Analytical Instruments.
What is the filing date of this 10-K report?
This 10-K report was filed on February 25, 2025.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on February 25, 2025 regarding WATERS CORP /DE/ (WAT).