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Income Taxes (Tables)

12 Months Ended

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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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of the change in unrecognized tax benefits.

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Tabular disclosure of tax credit carryforwards available to reduce future taxable income, including amounts, expiration dates, limitations on use and the related deferred tax assets and valuation allowances.

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