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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Loss Before Income Taxes

The Company’s loss before income taxes consisted of (in millions):

		Year Ended December 31,
		2021				2020				2019
United States		$	(496.5	)		$	(272.4	)		$	(388.9	)
International			(0.1	)			0.5				—
Total		$	(496.6	)		$	(271.9	)		$	(388.9	)

Schedule of Components of Income Tax Benefit (Provision)

The components of the Company’s income tax benefit (provision) consisted of (in millions):

		Year Ended December 31,
		2021				2020				2019
Current:
Federal		$	—			$	0.8			$	—
State			—				—				—
Foreign			(1.2	)			(0.2	)			—
Total current			(1.2	)			0.6				—
Deferred:
Federal			2.1				0.3				1.0
State			0.4				0.6				(0.1	)
Foreign			1.2				0.2				—
Total deferred			3.7				1.1				0.9
Total benefit from income taxes		$	2.5			$	1.7			$	0.9

Schedule of Effective Income Tax Rate Differed From the Statutory Federal Income Tax Rate

The effective income tax rate differed from the statutory federal income tax rate as follows:

		Year Ended December 31,
		2021				2020				2019
Tax at federal statutory rate			21.0	%			21.0	%			21.0	%
State taxes, net of federal effect			8.8	%			4.0	%			7.7	%
Change in valuation allowance			(34.2	)%			(23.4	)%			(28.6	)%
Stock-based compensation			7.9	%			0.0	%			0.8	%
Non-deductible executive compensation			(2.8	)%			0.0	%			0.0	%
Non-deductible expenses			0.1	%			(2.1	)%			(0.6	)%
Other			(0.3	)%			1.1	%			(0.1	)%
Benefit from income taxes			0.5	%			0.6	%			0.2	%

Schedule of Components of Net Deferred Taxes Arising from Temporary Differences

The components of net deferred taxes arising from temporary differences were as follows (in millions):

		December 31,
		2021				2020
Deferred tax assets:
Nondeductible accruals		$	15.0			$	7.8
Stock-based compensation			66.7				20.0
Lease liabilities			157.9				144.6
Net operating loss carryforward			331.1				240.4
Allowance for credit losses			7.2				7.3
Accrued compensation			32.5				18.6
Other			3.4				1.4
Total deferred tax assets			613.8				440.1
Deferred tax liabilities:
Operating lease right-of-use assets			(132.8	)			(119.9	)
Intangible assets			(1.7	)			(6.1	)
Property and equipment			(29.5	)			(26.4	)
Total deferred tax liabilities			(164.0	)			(152.4	)
Less: valuation allowance			(448.4	)			(287.5	)
Net deferred tax assets		$	1.4			$	0.2

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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

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
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