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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of domestic and foreign components of loss before income taxes | The following table presents domestic and foreign components of loss before income taxes for the periods presented:
|  | Year Ended December 31,
| 2023 |  | 2022 |  | 2021
|  | (In thousands)
United States |  | $ | (816,089) |  |  | $ | (1,021,208) |  |  | $ | (737,360) |
International |  | (180,640) |  |  | (222,424) |  |  | (223,569) |
Loss before (provision for) benefit from income taxes |  | $ | (996,729) |  |  | $ | (1,243,632) |  |  | $ | (960,929) |
Schedule of provision for (benefit from) income taxes | Provision for (benefit from) income taxes consists of the following:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Current: |  | (In thousands)
Federal |  | $ | 2,567 |  |  | $ | 3,928 |  |  | $ | 122 |
State |  | 1,533 |  |  | 4,100 |  |  | 420 |
Foreign |  | 31,354 |  |  | 17,450 |  |  | 8,274 |
Total |  | 35,454 |  |  | 25,478 |  |  | 8,816 |
Deferred: |  |  |  |  |  |
Federal |  | (1,337) |  |  | (5,155) |  |  | (13,772) |
State |  | (208) |  |  | (818) |  |  | (4,083) |
Foreign |  | (15,197) |  |  | (6,992) |  |  | (1,990) |
Total |  | (16,742) |  |  | (12,965) |  |  | (19,845) |
Provision for (benefit from) income taxes |  | $ | 18,712 |  |  | $ | 12,513 |  |  | $ | (11,029) |
Schedule of reconciliation of statutory federal tax rate and effective tax rate | The following table presents a reconciliation of the statutory federal tax rate and the Company's effective tax rate:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Tax at federal statutory rate |  | 21 | % |  | 21 | % |  | 21 | %
State tax, net of federal benefit |  | 3 |  |  | 3 |  |  | 8 |
Stock-based compensation |  | (7) |  |  | (7) |  |  | 16 |
Credits |  | 2 |  |  | 1 |  |  | 4 |
Foreign rate differential |  | 1 |  |  | (2) |  |  | (1) |
Change in valuation allowance |  | (23) |  |  | (17) |  |  | (46) |
Other |  | 1 |  |  | (1) |  |  | — |
Effective tax rate |  | (2) | % |  | (2) | % |  | 2 | %
Schedule of deferred tax assets and liabilities | The following table presents the significant components of the Company's deferred tax assets and liabilities:
|  | As of December 31,
| 2023 |  | 2022 |  |
Deferred tax assets: |  | (In thousands)
Net operating loss carryforwards |  | $ | 983,652 |  |  | $ | 959,864 |  |  |
Accruals and reserves |  | 52,750 |  |  | 47,986 |  |  |
Stock-based compensation |  | 29,572 |  |  | 37,981 |  |  |
Research and development credits |  | 177,109 |  |  | 159,604 |  |  |
Intangibles |  | 135,564 |  |  | 135,500 |  |  |
Capitalized research and development expenses |  | 231,819 |  |  | 219,176 |  |  |
Lease liability |  | 44,682 |  |  | 60,795 |  |  |
Unrealized losses on marketable securities |  | — |  |  | 32,108 |  |  |
Investments and other basis differences |  | 51,368 |  |  | 11,952 |  |  |
Other |  | 31,852 |  |  | 24,878 |  |  |
Gross deferred tax assets |  | 1,738,368 |  |  | 1,689,844 |  |  |
Valuation allowance |  | (1,533,933) |  |  | (1,357,300) |  |  |
Net deferred tax assets |  | 204,435 |  |  | 332,544 |  |  |
Deferred tax liabilities: |  |  |  |  |  |
Capitalized software |  | (36,109) |  |  | (36,552) |  |  |
Prepaid expenses |  | (1,073) |  |  | (1,587) |  |  |
Acquired intangibles |  | (81,415) |  |  | (202,778) |  |  |
Right-of-use asset |  | (19,964) |  |  | (35,734) |  |  |
Deferred commissions |  | (50,703) |  |  | (59,675) |  |  |
Net deferred tax asset (liability) |  | $ | 15,171 |  |  | $ | (3,782) |  |  |
Schedule of operating loss carryforwards | The following table summarizes the Company’s tax carryforwards, carryovers and credits:
|  | As of December 31, 2023 |  | Expiration Date (If not utilized)
|  | (In thousands) |  |
Federal tax credits |  | $ | 147,500 |  |  | Various dates beginning in 2037
Federal net operating loss carryforwards |  | $ | 3,444,800 |  |  | Indefinite
State net operating loss carryforwards |  | $ | 2,640,300 |  |  | Various dates beginning in 2026
State tax credits |  | $ | 120,300 |  |  | Indefinite
Foreign net operating loss carryforwards |  | $ | 1,011,800 |  |  | Indefinite
Schedule of tax credit carryforwards | The following table summarizes the Company’s tax carryforwards, carryovers and credits:
|  | As of December 31, 2023 |  | Expiration Date (If not utilized)
|  | (In thousands) |  |
Federal tax credits |  | $ | 147,500 |  |  | Various dates beginning in 2037
Federal net operating loss carryforwards |  | $ | 3,444,800 |  |  | Indefinite
State net operating loss carryforwards |  | $ | 2,640,300 |  |  | Various dates beginning in 2026
State tax credits |  | $ | 120,300 |  |  | Indefinite
Foreign net operating loss carryforwards |  | $ | 1,011,800 |  |  | Indefinite
Schedule of unrecognized tax benefits | A reconciliation of the beginning and ending amount of unrecognized tax benefits is as follows:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
|  | (In thousands)
Unrecognized tax benefit, beginning of year |  | $ | 228,966 |  |  | $ | 223,380 |  |  | $ | 191,183 |
Gross increases for tax positions of prior years |  | 3,427 |  |  | 3,250 |  |  | 3,496 |
Gross decreases for tax positions of prior years |  | (5,130) |  |  | (705) |  |  | (10,693) |
Gross increases for tax positions of current year |  | 7,754 |  |  | 4,081 |  |  | 39,394 |
Lapse of statute of limitations |  | (1,239) |  |  | (1,040) |  |  | — |
Unrecognized tax benefit, end of year |  | $ | 233,778 |  |  | $ | 228,966 |  |  | $ | 223,380 |

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