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