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Income taxes - Differences between income tax expense (benefit) in Puerto Rico (Details) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Income taxes        
Income tax expense $ 47,884 $ 40,459 $ 92,947 $ 96,027
PR        
Income taxes        
Computed income tax at statutory rates 96,871 81,843 180,333 141,412
Net benefit of tax exempt income (45,374) (33,220) (85,329) (61,979)
Effect of income subject to preferential tax rate (606) 1,272 (1,519) (148)
Deferred tax asset valuation allowance 4,050 (235) 7,932 2,328
Difference in tax rates due to multiple jurisdictions (2,282) (4,456) (5,257) (5,129)
Other tax benefits 0 (4,500) 0 (4,500)
Tax on intercompany distributions     0 24,325
State and local taxes 414 2,204 4,450 3,240
Others (5,189) (2,449) (7,663) (3,522)
Income tax expense $ 47,884 $ 40,459 $ 92,947 $ 96,027
% of pre-tax income        
Computed income tax at statutory rates 37.50% 37.50% 37.50% 37.50%
Net benefit of tax exempt income (17.60%) (15.20%) (17.70%) (16.40%)
Effect of income subject to preferential tax rate (0.20%) 0.60% (0.30%) 0.00%
Deferred tax asset valuation allowance 1.60% (0.10%) 1.60% 0.60%
Difference in tax rates due to multiple jurisdictions (0.90%) (2.10%) (1.10%) (1.40%)
Other tax benefits 0.00% (2.10%) 0.00% (1.20%)
Tax on intercompany distributions     0.00% 6.40%
State and local taxes 0.10% 1.00% 0.90% 0.90%
Others (2.00%) (1.10%) (1.60%) (0.90%)
Income tax expense 18.50% 18.50% 19.30% 25.50%