XML 44 R29.htm IDEA: XBRL DOCUMENT
v3.22.0.1

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2021
Income Tax Disclosure [Abstract] |
Schedule of Components of Loss Before Income Taxes | The components of loss before income taxes were as follows (in thousands):
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Domestic |  | $ | (347,552 | ) |  | $ | (234,905 | ) |  | $ | (97,714 | )
Foreign |  |  | 7,925 |  |  |  | 4,870 |  |  |  | 2,667 |
Loss before income taxes |  | $ | (339,627 | ) |  | $ | (230,035 | ) |  | $ | (95,047 | )
Schedule of Components of Income Tax Expense (Benefit) | The components of provision for (benefit from) income taxes were as follows (in thousands):
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Current |  |  |  |  |  |  |  |  |
State |  | $ | 251 |  |  | $ | 87 |  |  | $ | 53 |
Foreign |  |  | 1,588 |  |  |  | 1,041 |  |  |  | 336 |
Total |  |  | 1,839 |  |  |  | 1,128 |  |  |  | 389 |
Deferred |  |  |  |  |  |  |  |  |
Federal |  |  | - |  |  |  | - |  |  |  | (72 | )
State |  |  | - |  |  |  | - |  |  |  | (11 | )
Foreign |  |  | 1,335 |  |  |  | (1,335 | ) |  |  | (311 | )
Total |  |  | 1,335 |  |  |  | (1,335 | ) |  |  | (394 | )
Provision for (benefit from) income taxes |  | $ | 3,174 |  |  | $ | (207 | ) |  | $ | (5 | )
Schedule of Reconciliation of Income Tax Benefit Activity | The reconciliation of the income tax benefit computed at the federal statutory tax rate to the Company’s provision for (benefit from) income taxes was as follows (in thousands):
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Income tax benefit computed at federal statutory rate |  | $ | (71,322 | ) |  | $ | (48,307 | ) |  | $ | (19,960 | )
Foreign rate differential |  |  | 1,214 |  |  |  | (1,317 | ) |  |  | (144 | )
Stock-based compensation expense |  |  | (104,993 | ) |  |  | 24,004 |  |  |  | 1,612 |
Change in valuation allowance |  |  | 192,301 |  |  |  | 27,446 |  |  |  | 18,958 |
Research and development credits |  |  | (14,483 | ) |  |  | (2,432 | ) |  |  | (1,112 | )
Other |  |  | 457 |  |  |  | 399 |  |  |  | 641 |
Provision for (benefit from) income taxes |  | $ | 3,174 |  |  | $ | (207 | ) |  | $ | (5 | )
Components of net deferred tax balance | The significant components of net deferred tax balances were as follows (in thousands):
|  | December 31, |
|  | 2021 |  |  | 2020(1) |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carryforwards |  | $ | 277,453 |  |  | $ | 72,332 |
Tax credit carryforwards |  |  | 30,777 |  |  |  | 7,386 |
Stock-based compensation expense |  |  | 14,885 |  |  |  | 3,250 |
Operating lease liabilities |  |  | 9,398 |  |  |  | 12,080 |
Accruals and reserves |  |  | 6,781 |  |  |  | 2,627 |
Deferred revenue |  |  | 4,095 |  |  |  | 2,471 |
Other |  |  | 3,258 |  |  |  | - |
Total deferred tax assets |  |  | 346,647 |  |  |  | 100,146 |
Less: Valuation allowance |  |  | (316,056 | ) |  |  | (73,809 | )
Deferred tax assets, net of valuation allowance |  |  | 30,591 |  |  |  | 26,337 |
Deferred tax liabilities: |  |  |  |  |  |
Deferred contract acquisition costs |  | $ | (18,783 | ) |  | $ | (11,670 | )
Operating lease right-of-use assets |  |  | (8,559 | ) |  |  | (11,471 | )
Property and equipment |  |  | (2,558 | ) |  |  | (898 | )
Other |  |  | (214 | ) |  |  | (487 | )
Total deferred tax liabilities |  |  | (30,114 | ) |  |  | (24,526 | )
Net deferred tax assets |  | $ | 477 |  |  | $ | 1,811 |
(1) Revised to correct for immaterial adjustments in the disclosure, which had previously understated the net operating loss carryforwards deferred tax asset, accruals and reserves deferred tax asset, and deferred contract acquisition costs deferred tax liability as of December 31, 2020 by $7.2 million, $0.9 million, and $8.1 million, respectively. These adjustments had no impact to the consolidated balance sheets, consolidated statements of operations, or consolidated statements of cash flows as of and for the years ended December 31, 2021, 2020, or 2019. The Company evaluated the effect of the errors on the Company’s notes to the consolidated financial statements in accordance with SEC Staff Accounting Bulletin No. 99, Materiality, and concluded that the adjustments were not material to the previously issued 2020 consolidated financial statements.
Schedule of reconciliation of unrecognized tax benefits | A reconciliation of the beginning and ending balances of total unrecognized tax benefits is as follows (in thousands):
|  | Year Ended December 31, |
|  | 2021 |  |  | 2020 |  |  | 2019 |
Beginning balance |  | $ | 3,399 |  |  | $ | 1,623 |  |  | $ | 796 |
Gross increase (decrease) for prior year tax positions |  |  | 192 |  |  |  | 200 |  |  |  | (2 | )
Gross increase for current year tax positions |  |  | 8,939 |  |  |  | 1,576 |  |  |  | 829 |
Ending balance |  | $ | 12,530 |  |  | $ | 3,399 |  |  | $ | 1,623 |

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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32639-109319 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319 + 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319 + 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 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 -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
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 -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 55 -Paragraph 217 -URI http://asc.fasb.org/extlink&oid=124434304&loc=d3e36027-109320 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 15A -URI http://asc.fasb.org/extlink&oid=121826272&loc=SL6600010-109319 + Details
Name: | us-gaap_ScheduleOfUnrecognizedTaxBenefitsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration