Nokia (NOK) Tax Provisions (2009 - 2024)
Nokia (NOK) posted quarterly Tax Provisions of -$130.9 million for Q2 2024, up 48.66% on a QoQ basis from -$254.9 million in Q1 2024.
Nokia (NOK) Tax Provisions (2009 - 2024) Analysis & Trends
Nokia (NOK) has reported Tax Provisions for 13 consecutive years, with -$130.9 million the latest figure, recorded in Q2 2024.
- Quarterly Tax Provisions changed N/A year-over-year to -$130.9 million in Q2 2024, while the trailing twelve-month figure through Jun 2024 was $6.7 billion (changed N/A YoY) and the FY2025 annual result came in at $315.2 million, down 27.11% from the prior year.
- Tax Provisions advanced to -$130.9 million in Q2 2024 per NOK's latest filing, from -$254.9 million in the prior quarter.
- Over the last five years, Tax Provisions for NOK reached as high as $7.5 billion in Q4 2020 and fell as low as -$388.0 million in Q3 2021.
- A 3-year average of $1.1 billion and a median of -$180.4 million in 2020 frame the typical range for Tax Provisions.
- The largest YoY upside for Tax Provisions was 2771.14% in 2020 against a maximum downside of 74.78% in 2020.
- Year by year, Tax Provisions stood at $7.5 billion in 2020, then slumped by 105.19% to -$388.0 million in 2021, then jumped by 66.28% to -$130.9 million in 2024.
- According to Business Quant data, Tax Provisions over the past three periods registered -$130.9 million, -$254.9 million, and -$388.0 million for Q2 2024, Q1 2024, and Q3 2021 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Taxes (Qtr) |
|---|---|---|---|---|---|
| 1 | Cisco Systems | 444.27 Bn | 427.63 Bn | 10.08 Bn | 666.00 Mn |
| 2 | Motorola Solutions | 68.42 Bn | 67.56 Bn | 1.36 Bn | 73.00 Mn |
| 3 | Hewlett Packard Enterprise | 63.57 Bn | 58.72 Bn | 9.10 Bn | -19.00 Mn |
| 4 | Lumentum Holdings | 59.61 Bn | 56.43 Bn | 357.00 Mn | 39.60 Mn |
| 5 | Ciena | 57.62 Bn | 56.33 Bn | 625.52 Mn | 30.83 Mn |
| 6 | Nokia | 52.70 Bn | 45.22 Bn | 9.86 Bn | - |
| 7 | Ubiquiti | 32.00 Bn | 31.63 Bn | 370.71 Mn | 56.25 Mn |
| 8 | AST SpaceMobile | 17.20 Bn | 17.78 Bn | 3.67 Mn | 1.17 Mn |
| 9 | Zebra Technologies | 12.59 Bn | 12.48 Bn | 742.00 Mn | 32.00 Mn |
| 10 | Viasat | 10.14 Bn | 8.46 Bn | 615.36 Mn | -66.04 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2024 | -130.86 Mn |
| Mar 31, 2024 | -254.90 Mn |
| Sep 30, 2021 | -388.04 Mn |
| Dec 31, 2020 | 7.48 Bn |
| Sep 30, 2020 | -229.87 Mn |
| Mar 31, 2020 | 161.59 Mn |
| Dec 31, 2019 | -279.94 Mn |
| Jun 30, 2019 | 120.62 Mn |
| Mar 31, 2019 | 640.67 Mn |
| Dec 31, 2018 | 4.55 Mn |
| Sep 30, 2018 | 69.27 Mn |
| Jun 30, 2018 | 152.98 Mn |
| Mar 31, 2018 | 180.40 Mn |
| Dec 31, 2016 | -2.55 Bn |
| Sep 30, 2016 | 311.73 Mn |
| Mar 31, 2016 | 1.00 Bn |
| Dec 31, 2015 | 330.50 Mn |
| Jun 30, 2015 | -469.04 Mn |
| Mar 31, 2015 | -399.77 Mn |
| Dec 31, 2014 | 2.03 Bn |