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INCOME TAX (Tables)

12 Months Ended

Dec. 31, 2020

INCOME TAX

Schedule of operating results before income tax and the provision for income taxes by tax jurisdictions

​

​	​	​	​	​	​	​
​	​	Years ended December 31,
​		2018		2019		2020
Loss (income) before income taxes:					​	​
PRC		237,232		68,080	​	(19,765)
Other jurisdictions		202,427		358,353	​	568,201
Total loss before income taxes		439,659		426,433	​	548,436
​	​	​	​	​	​	​
Current tax expenses:		​		​	​	​
PRC		27,206		65,819	​	210,503
Other jurisdictions		—		3	​	14
Total current tax expenses		27,206		65,822	​	210,517
​	​	​	​	​	​	​
Deferred tax benefits:		​		​	​	​
PRC		(36,597)		(50,172)	​	(89,739)
Other jurisdictions		—		—	​	—
Total deferred tax benefits		(36,597)		(50,172)	​	(89,739)
​	​	​	​	​	​	​
Total income taxes (benefits) expenses		(9,391)		15,650	​	120,778

​

Schedule of reconciliation of differences between PRC statutory tax rate and effective tax rate

​

​	​	​	​	​	​	​	​
​	​	Years ended December 31,					​
​		2018		2019		2020	​
​	​	​	​	​	​	​	​
PRC enterprise income tax rate		25.0	%	25.0	%	25.0	%
Non-PRC resident enterprises not subject to income tax		(9.2)	%	(21.4)	%	(27.6)	%
Tax differential for entities in non-PRC jurisdiction		(1.2)	%	(1.4)	%	(1.3)	%
Preferential tax rate		0.0	%	0.0	%	(0.3)	%
Tax effect of current year permanent differences	​	(1.3)	%	1.5	%	1.0	%
Expiration of unused net operating losses		(10.1)	%	(1.4)	%	(1.3)	%
Non-taxable income	​	0.0	%	0.0	%	2.5	%
Change in valuation allowance	​	(1.0)	%	(8.7)	%	(21.3)	%
Return to provision adjustment		(0.1)	%	2.7	%	1.3	%
​		2.1	%	(3.7)	%	(22.0)	%

​

Schedule of components of deferred tax assets and liabilities

​

​	​	​	​	​
​	​	As of December 31,
​		2019		2020
Deferred tax assets:
Allowance for accounts receivable		12	​	1,959
Government subsidy		3,127		1,549
Accrued expenses		27,601		24,597
Asset retirement obligation		13,110		19,227
Net operating losses carry forwards		267,159		386,999
Total gross deferred tax assets		311,009		434,331
Valuation allowance on deferred tax assets		(205,976)		(328,821)
Deferred tax assets, net of valuation allowance		105,033		105,510
​	​	​	​	​
Deferred tax liabilities:		​		​
Property and equipment		(171,656)		(154,480)
Intangible assets		(97,102)		(195,093)
Prepaid land use rights		(1,612)		(1,572)
Leases	​	(9,568)	​	(70,284)
Accounts receivable	​	(4,836)	​	—
Total deferred tax liabilities		(284,774)		(421,429)
​	​	​	​	​
Net deferred tax liabilities		(179,741)		(315,919)
​	​	​	​	​
Analysis as:		​		​
Deferred tax assets		72,931		146,088
Deferred tax liabilities		(252,672)		(462,007)
Net deferred tax liabilities		(179,741)		(315,919)

​

Schedule of movement of the valuation allowance for the deferred tax assets

​

​	​	​	​	​	​	​
​	​	Years ended December 31,
​		2018		2019		2020
​	​	​	​	​	​	​
Balance at the beginning of the year		152,241		155,852	​	205,976
Increase during the year		3,611		50,124	​	122,845
Balance at the end of the year		155,852		205,976	​	328,821

​

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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 valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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