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Income Taxes (Tables) | 12 Months Ended
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Dec. 31, 2023
Income Tax Disclosure [Abstract] |
Schedule of Income before Income Tax, Domestic and Foreign | Net income before provision for (benefit from) income taxes consists of the following (in thousands):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Domestic |  | $ | 315,643 |  |  | $ | 268,097 |  |  | $ | 378,478 |
Foreign |  | 325,561 |  |  | 330,960 |  |  | 633,945 |
Net income before provision for (benefit from) income taxes |  | $ | 641,204 |  |  | $ | 599,057 |  |  | $ | 1,012,423 |
Schedule of Components of Income Tax Expense (Benefit) | The provision for (benefit from) income taxes consists of the following (in thousands):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Federal |  |  |  |  |  |
Current |  | $ | 134,332 |  |  | $ | 188,050 |  |  | $ | 157,383 |
Deferred |  | (16,805) |  |  | (55,579) |  |  | (25,598) |
|  | 117,527 |  |  | 132,471 |  |  | 131,785 |
State |  |  |  |  |  |
Current |  | 28,535 |  |  | 34,621 |  |  | 28,365 |
Deferred |  | (3,157) |  |  | (12,265) |  |  | (5,860) |
|  | 25,378 |  |  | 22,356 |  |  | 22,505 |
Foreign |  |  |  |  |  |
Current |  | 51,306 |  |  | 56,537 |  |  | 42,681 |
Deferred |  | 1,940 |  |  | 26,120 |  |  | 43,432 |
|  | 53,246 |  |  | 82,657 |  |  | 86,113 |
Provision for (benefit from) income taxes |  | $ | 196,151 |  |  | $ | 237,484 |  |  | $ | 240,403 |
Schedule of Effective Income Tax Rate Reconciliation | The differences between income taxes using the federal statutory income tax rate for the year ended December 31, 2023, 2022 and 2021 and our effective tax rates are as follows:
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
U.S. federal statutory income tax rate |  | 21.0 | % |  | 21.0 | % |  | 21.0 | %
State income taxes, net of federal tax benefit |  | 2.9 |  |  | 3.7 |  |  | 2.2 |
U.S. tax on foreign earnings |  | 3.7 |  |  | 5.6 |  |  | 2.5 |
Impact of differences in foreign tax rates |  | 1.4 |  |  | 3.3 |  |  | (2.0) |
Stock-based compensation |  | 3.0 |  |  | 2.1 |  |  | (0.3) |
Settlement on audits |  | 0.1 |  |  | 1.9 |  |  | — |
Change in valuation allowance |  | (1.3) |  |  | 1.7 |  |  | 1.1 |
Other items not individually material |  | (0.2) |  |  | 0.3 |  |  | (0.8) |
Effective tax rate |  | 30.6 | % |  | 39.6 | % |  | 23.7 | %
Schedule of Deferred Tax Assets and Liabilities | As of December 31, 2023 and 2022, the significant components of our deferred tax assets and liabilities are (in thousands):
|  | December 31,
|  | 2023 |  | 2022
Deferred tax assets: |  |  |  |
Net operating loss and capital loss carryforwards |  | $ | 1,389 |  |  | $ | 15,380 |
Reserves and accruals |  | 62,891 |  |  | 32,759 |
Stock-based compensation |  | 25,054 |  |  | 19,469 |
Deferred revenue |  | 142,082 |  |  | 117,039 |
Capitalized research & development |  | 41,505 |  |  | 54,293 |
Amortizable tax basis in intangibles |  | 1,325,236 |  |  | 1,350,434 |
Other |  | 13,228 |  |  | 16,645 |
Deferred tax assets before valuation allowance |  | 1,611,385 |  |  | 1,606,019 |
Valuation allowance |  | (14,991) |  |  | (23,286) |
Total deferred tax assets |  | 1,596,394 |  |  | 1,582,733 |
Deferred tax liabilities: |  |  |  |
Depreciation and amortization |  | 7,814 |  |  | 11,407 |
Acquisition-related intangibles |  | 25,097 |  |  | 26,008 |
Other |  | 3,570 |  |  | 3,438 |
Total deferred tax liabilities |  | 36,481 |  |  | 40,853 |
Net deferred tax assets |  | 1,559,913 |  |  | 1,541,880 |
Schedule of Unrecognized Tax Benefits Rollforward | The changes in the balance of gross unrecognized tax benefits, which exclude interest and penalties, for the year ended December 31, 2023, 2022 and 2021, are as follows (in thousands):
|  | Year Ended December 31,
|  | 2023 |  | 2022 |  | 2021
Gross unrecognized tax benefits at January 1, |  | $ | 141,560 |  |  | $ | 63,295 |  |  | $ | 46,320 |
Increases related to tax positions taken during the current year |  | 8,616 |  |  | 84,249 |  |  | 27,710 |
Increases related to tax positions taken during a prior year |  | 5,647 |  |  | 15,411 |  |  | 5,471 |
Decreases related to tax positions taken during a prior year |  | (533) |  |  | (2,647) |  |  | (5,804) |
Decreases related to expiration of statute of limitations |  | (3,654) |  |  | (4,582) |  |  | (8,986) |
Decreases related to settlement with tax authorities |  | (2,464) |  |  | (14,166) |  |  | (1,416) |
Gross unrecognized tax benefits at December 31, |  | $ | 149,172 |  |  | $ | 141,560 |  |  | $ | 63,295 |

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