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Segment Reporting (Tables) | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Schedule of financial information | Presented below is the discrete financial information by reportable segment for the three and six months ended June 30, 2024 and 2023, that is regularly reviewed by the CODM for performance assessment and resource allocation decisions. Prior period amounts were reclassified to conform to the current period’s presentation. Asset information is not presented below since it is not reviewed by the CODM on a segment by segment basis. Revenue, costs of revenue and operating expenses are generally directly attributable to each segment. Certain costs of revenue and operating expenses are allocated based on methodologies that best reflect the patterns of consumption of these costs. Corporate costs consist of costs that support company-wide processes and are managed on the company-wide level, and include costs related to corporate governance and communication, global brand awareness, information security, and certain legal, human resources, finance and accounting expenses.
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
|  | 2024 |  | 2023 |  | 2024 |  | 2023
| (In thousands)
Revenue: |  |  |  |  |  |  |  |
Communications |  | $ | 1,007,302 |  |  | $ | 964,535 |  |  | $ | 1,979,308 |  |  | $ | 1,897,483 |
Segment |  | 75,200 |  |  | 73,226 |  |  | 150,244 |  |  | 146,842 |
Total |  | $ | 1,082,502 |  |  | $ | 1,037,761 |  |  | $ | 2,129,552 |  |  | $ | 2,044,325 |
Non-GAAP income (loss) from operations: |  |  |  |  |  |  |  |
Communications |  | $ | 249,930 |  |  | $ | 192,524 |  |  | $ | 498,940 |  |  | $ | 372,988 |
Segment |  | (15,815) |  |  | (18,979) |  |  | (36,809) |  |  | (36,196) |
Corporate costs |  | (58,796) |  |  | (53,398) |  |  | (127,202) |  |  | (112,858) |
Total |  | $ | 175,319 |  |  | $ | 120,147 |  |  | $ | 334,929 |  |  | $ | 223,934 |
Reconciliation of non-GAAP income (loss) from operations to loss from operations: |  |  |  |  |  |  |  |
Total non-GAAP income from operations |  | $ | 175,319 |  |  | $ | 120,147 |  |  | $ | 334,929 |  |  | $ | 223,934 |
Stock-based compensation |  | (147,657) |  |  | (152,798) |  |  | (303,815) |  |  | (313,264) |
Amortization of acquired intangibles |  | (28,184) |  |  | (50,190) |  |  | (57,123) |  |  | (100,964) |
Acquisition and divestiture related expenses |  | — |  |  | (3,097) |  |  | — |  |  | (5,332) |
Loss on net assets held for sale |  | — |  |  | (28,453) |  |  | — |  |  | (32,277) |
Payroll taxes related to stock-based compensation |  | (3,510) |  |  | (2,155) |  |  | (10,286) |  |  | (7,402) |
Charitable contributions |  | (15,315) |  |  | (1,047) |  |  | (16,610) |  |  | (2,646) |
Restructuring costs |  | 310 |  |  | (14,902) |  |  | (9,636) |  |  | (136,844) |
Impairment of long-lived assets |  | — |  |  | (9,332) |  |  | — |  |  | (31,116) |
Loss from operations |  | (19,037) |  |  | (141,827) |  |  | (62,541) |  |  | (405,911) |
Other expenses, net |  | (7,206) |  |  | (23,616) |  |  | (8,863) |  |  | (91,204) |
Loss before provision for income taxes |  | $ | (26,243) |  |  | $ | (165,443) |  |  | $ | (71,404) |  |  | $ | (497,115) |

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-25 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-22 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-30 + Details
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