Calcbench

Taxes Paid to Ireland $11.92B Taxes Paid to U.K. $10.04B Taxes Paid to China $6.22B Today we continue our series on new corporate tax disclosures by asking a simple question: Which foreign countries receive the most tax payments from U.S. filers?  As you might recall from our previous post , this year we’re starting to see a wave of new disclosures about corporate tax payments, courtesy of a new accounting standard that went into effect in 2025. U.S. filers must now report actual taxes paid to different jurisdictions around the world, so long as those individual amounts are at least 5 percent of total taxes the company pays that fiscal year.  Calcbench tracks all this data (of course), which means that financial analysts can gain new insight into where the companies that you follow tend to pay the most taxe...

Calcbench is always striving to provide more data to our subscribers, so you can put that data to good use driving better financial analysis. To that end, today we kick off a short series of posts on new tax payment disclosures that companies are now making: what that data is, what it tells you about corporate financial performance, and how you can find it in Calcbench.  This is the same dataset Calcbench provided to The Wall Street Journal for its March 20 story about corporate cash taxes paid. Our tale begins in 2023, when accounting rule-makers adopted a new standard formally known as ASU 2023-09, Improvements to Income Tax Disclosures . The standard requires companies to report the actual taxes they pay to different jurisdictions around the world, so long as those individual amounts are at least 5 percent of total taxes the company pays that fiscal year.  For most companies, ASU 2023-09 went into effect with their 2025 fiscal years, which means we’re seeing these new...

Calcbench was feeling a bit peckish this week for insights into the macro-economic environment, so how better to pass the time then sifting through the earnings releases from restaurants to see what they had to say about inflation?  Various restaurant chains offer inflation forecasts as part of their earnings guidance. A good example of this is Darden Restaurants ($DRI). Last summer, at the end of its fiscal 2025, the company had forecast inflation for its upcoming fiscal year at 2.5 to 3 percent. By the end of its fiscal Q1 2026 in September, Darden nudged the forecast upward to 3 to 3.5 percent. Darden filed its latest earnings release this week, for its fiscal Q3 2026. It now forecasts inflation at 3.5 percent .  That led us to look for other disclosures at other restaurants. Sure enough, we found them. Texas Roadhouse ($TXRH) included inflation estimates in its 2025 full-year earnings release filed on Feb. 19. The company predicts wage and labor inflation costs of 3 to...

The 2025 earnings season is now over, which means the 2025 proxy season is about to begin. For those analysts and institutional investors who enjoy sifting through proxy data, let’s do a quick review of the data Calcbench can bring to your fingertips. For starters, you can find proxy statements for the companies you follow on our Disclosures and Footnotes Query page. Simply go to the pull-down menu on the left side of your screen, select “Proxy” from the list of choices, and the document appears. See Figure 1, below, for an example featuring Boeing ($BA). What’s in the Proxy? Proxy statements are most famous for their data about executive compensation. This is where you can see how much a company’s top executives were paid, broken down by salary, bonus, stock awards, perks, “other” compensation, and the like. Typically a company discloses compensation for the CEO, CFO, and several other “named executive officers,” or NEOs. Because these disclosures are tagged, Calcbench users can als...