XML 70 R52.htm IDEA: XBRL DOCUMENT
v3.25.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
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 provision for income taxes for the periods presented:
|  | Year Ended December 31,
| 2024 |  | 2023 |  | 2022
|  | (In thousands)
United States |  | $ | 40,982 |  |  | $ | (816,089) |  |  | $ | (1,021,208) |
International |  | (129,595) |  |  | (180,640) |  |  | (222,424) |
Loss before provision for income taxes |  | $ | (88,613) |  |  | $ | (996,729) |  |  | $ | (1,243,632) |
Schedule of provision for (benefit from) income taxes | Provision for income taxes consists of the following:
|  | Year Ended December 31,
|  | 2024 |  | 2023 |  | 2022
Current: |  | (In thousands)
Federal |  | $ | 5,617 |  |  | $ | 2,567 |  |  | $ | 3,928 |
State |  | 2,305 |  |  | 1,533 |  |  | 4,100 |
Foreign |  | 14,850 |  |  | 31,354 |  |  | 17,450 |
Total |  | 22,772 |  |  | 35,454 |  |  | 25,478 |
Deferred: |  |  |  |  |  |
Federal |  | 196 |  |  | (1,337) |  |  | (5,155) |
State |  | 149 |  |  | (208) |  |  | (818) |
Foreign |  | (2,327) |  |  | (15,197) |  |  | (6,992) |
Total |  | (1,982) |  |  | (16,742) |  |  | (12,965) |
Provision for income taxes |  | $ | 20,790 |  |  | $ | 18,712 |  |  | $ | 12,513 |
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,
|  | 2024 |  | 2023 |  | 2022
Tax at federal statutory rate |  | 21 | % |  | 21 | % |  | 21 | %
State tax, net of federal benefit |  | 1 |  |  | 3 |  |  | 3 |
Stock-based compensation |  | (40) |  |  | (7) |  |  | (7) |
Credits |  | 20 |  |  | 2 |  |  | 1 |
Foreign rate differential |  | (67) |  |  | 1 |  |  | (2) |
Permanent book vs. tax differences |  | 8 |  |  | — |  |  | — |
Change in valuation allowance |  | 32 |  |  | (23) |  |  | (17) |
Other |  | 2 |  |  | 1 |  |  | (1) |
Effective tax rate |  | (23) | % |  | (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,
| 2024 |  | 2023 |  |
Deferred tax assets: |  | (In thousands)
Net operating loss carryforwards |  | $ | 810,278 |  |  | $ | 983,652 |  |  |
Accruals and reserves |  | 73,535 |  |  | 52,750 |  |  |
Stock-based compensation |  | 28,238 |  |  | 29,572 |  |  |
Research and development credits |  | 175,746 |  |  | 177,109 |  |  |
Intangibles |  | 135,500 |  |  | 135,564 |  |  |
Capitalized research and development expenses |  | 299,061 |  |  | 231,819 |  |  |
Lease liability |  | 30,697 |  |  | 44,682 |  |  |
Investments and other basis differences |  | 81,248 |  |  | 51,368 |  |  |
Other |  | 18,139 |  |  | 31,852 |  |  |
Gross deferred tax assets |  | 1,652,442 |  |  | 1,738,368 |  |  |
Valuation allowance |  | (1,488,328) |  |  | (1,533,933) |  |  |
Net deferred tax assets |  | 164,114 |  |  | 204,435 |  |  |
Deferred tax liabilities: |  |  |  |  |  |
Capitalized software |  | (38,394) |  |  | (36,109) |  |  |
Prepaid expenses |  | (900) |  |  | (1,073) |  |  |
Acquired intangibles |  | (55,283) |  |  | (81,415) |  |  |
Right-of-use asset |  | (13,112) |  |  | (19,964) |  |  |
Deferred commissions |  | (42,313) |  |  | (50,703) |  |  |
Net deferred tax asset |  | $ | 14,112 |  |  | $ | 15,171 |  |  |
Schedule of operating loss carryforwards | The following table summarizes the Company’s tax carryforwards, carryovers and credits:
|  | As of December 31, 2024 |  | Expiration Date (If not utilized)
|  | (In thousands) |  |
Federal tax credits |  | $ | 151,594 |  |  | Various dates beginning in 2038
Federal net operating loss carryforwards |  | $ | 2,826,042 |  |  | Indefinite
State net operating loss carryforwards |  | $ | 2,390,636 |  |  | Various dates beginning in 2026
State tax credits |  | $ | 125,282 |  |  | Various dates beginning in 2029
Foreign net operating loss carryforwards |  | $ | 846,118 |  |  | Indefinite
Schedule of tax credit carryforwards | The following table summarizes the Company’s tax carryforwards, carryovers and credits:
|  | As of December 31, 2024 |  | Expiration Date (If not utilized)
|  | (In thousands) |  |
Federal tax credits |  | $ | 151,594 |  |  | Various dates beginning in 2038
Federal net operating loss carryforwards |  | $ | 2,826,042 |  |  | Indefinite
State net operating loss carryforwards |  | $ | 2,390,636 |  |  | Various dates beginning in 2026
State tax credits |  | $ | 125,282 |  |  | Various dates beginning in 2029
Foreign net operating loss carryforwards |  | $ | 846,118 |  |  | 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,
|  | 2024 |  | 2023 |  | 2022
|  | (In thousands)
Unrecognized tax benefit, beginning of year |  | $ | 233,778 |  |  | $ | 228,966 |  |  | $ | 223,380 |
Gross increases for tax positions of prior years |  | 7,476 |  |  | 3,427 |  |  | 3,250 |
Gross decreases for tax positions of prior years |  | (198) |  |  | (5,130) |  |  | (705) |
Gross increases for tax positions of current year |  | 13,253 |  |  | 7,754 |  |  | 4,081 |
Lapse of statute of limitations |  | (2,101) |  |  | (1,239) |  |  | (1,040) |
Unrecognized tax benefit, end of year |  | $ | 252,208 |  |  | $ | 233,778 |  |  | $ | 228,966 |

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 9 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-9 + Details
Name: | us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of income before income tax between domestic and foreign jurisdictions. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 235 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(h)(1)(Note 1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480678/235-10-S99-1 + Details
Name: | us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in unrecognized tax benefits. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 217 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-217 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15A -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-15A + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of pertinent information, such as tax authority, amounts, and expiration dates, of net operating loss carryforwards, including an assessment of the likelihood of utilization. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-3 + Details
Name: | us-gaap_SummaryOfOperatingLossCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-3 + Details
Name: | us-gaap_SummaryOfTaxCreditCarryforwardsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration