Company: STGW
Filing Date: 2025-03-11
Form Type: 10-K
Source: 0000876883-25-000009
Chunk: 150

Company: Stagwell Inc
Filing Date: 2025-03-11
Form: 10-K
Item: Item 8
Chunk 150
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 comprehensive income 338 2,073 2,411 Balance at December 31, 2023$5,148 $(18,215)$(13,067)Other comprehensive loss before reclassifications(2,186)(8,520)(10,706)Other comprehensive loss(2,186)(8,520)(10,706)Balance at December 31, 2024$2,962 $(26,735)$(23,773)

17. Income TaxesThe components of the Company’s income before income taxes and equity in earnings of non-consolidated affiliates by taxing jurisdiction for the years ended December 31, were:202420232022Income (Loss):U.S.$36,368 $66,432 $31,681 Non-U.S.1,355 24,637 43,904 $37,723 $91,069 $75,585 

92

The provision (benefit) for income taxes by taxing jurisdiction for the years ended December 31, were:202420232022Current tax provisionU.S. federal$7,139 $4,868 $13,229 U.S. state and local4,359 3,103 8,106 Non-U.S.12,370 13,143 22,368 23,868 21,114 43,703 Deferred tax provision (benefit):U.S. federal607 18,168 (16,132)U.S. state and local248 7,017 701 Non-U.S.(11,541)(5,742)(2,810)(10,686)19,443 (18,241)Income tax expense$13,182 $40,557 $25,462 A reconciliation of income tax expense (benefit) using the U.S. federal income tax rate compared with actual income tax expense for the years ended December 31, is as follows:202420232022Income before income taxes, equity in non-consolidated affiliates and noncontrolling interest$37,723$91,069$75,585Statutory income tax rate21.0 %21.0 %21.0 %Tax expense using U.S. statutory income tax rate$7,922$19,124$15,873Impact of disregarded entity structure(3,384)(8,520)(3,355)Foreign, net1,208(3,684)