Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign

Net income before provision for (benefit from) income taxes and equity in losses of investee consists of the following (in thousands):

	Year Ended December 31,
	2021		2020		2019
Domestic	$	378,478	$	173,099	$	184,956
Foreign	633,945		205,850		377,695
Net income before provision for (benefit from) income taxes and equity in losses of investee	$	1,012,423	$	378,949	$	562,651

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,
	2021		2020		2019
Federal
Current	$	157,383	$	55,291	$	76,528
Deferred	(25,598)		(11,749)		1,235
	131,785		43,542		77,763
State
Current	28,365		8,862		9,169
Deferred	(5,860)		(2,121)		209
	22,505		6,741		9,378
Foreign
Current	42,681		29,399		28,364
Deferred	43,432		(1,476,621)		(3,158)
	86,113		(1,447,222)		25,206
Provision for (benefit from) income taxes	$	240,403	$	(1,396,939)	$	112,347

Schedule of Effective Income Tax Rate Reconciliation

The differences between income taxes using the federal statutory income tax rate for 2021, 2020 and 2019 and our effective tax rates are as follows: 

	Year Ended December 31,
	2021		2020		2019
U.S. federal statutory income tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal tax benefit	2.2		1.8		1.7
U.S. tax on foreign earnings	2.7		—		1.9
Impact of differences in foreign tax rates	(2.0)		5.6		(5.1)
Stock-based compensation	(0.3)		1.1		(0.3)
Impact of expiration of statute of limitations	(0.7)		(0.3)		—
Impact of intra-entity intellectual property rights transfer	—		(395.6)		—
Settlement on audits	—		(1.4)		—
Impact of U.S. Tax Cuts and Jobs Act	—		(0.5)		—
Change in valuation allowance	1.1		0.1		0.1
Other items not individually material	(0.3)		(0.4)		0.7
Effective tax rate	23.7	%	(368.6)	%	20.0	%

Schedule of Deferred Tax Assets and Liabilities

As of December 31, 2021 and 2020, the significant components of our deferred tax assets and liabilities are (in thousands):

	December 31,
	2021		2020
Deferred tax assets:
Net operating loss and capital loss carryforwards	$	11,069	$	20,728
Reserves and accruals	47,641		34,469
Stock-based compensation	13,576		10,842
Deferred revenue	83,514		32,562
Amortizable tax basis in intangibles	1,392,471		1,468,159
Net translation losses	10,008		2,939
Credit carryforwards	5,637		905
Total deferred tax assets	1,563,916		1,570,604
Deferred tax liabilities:
Depreciation and amortization	11,915		14,730
Acquisition-related intangibles	28,989		35,689
Prepaid expenses	6,931		1,720
Total deferred tax liabilities	47,835		52,139
Net deferred tax assets before valuation allowance	1,516,081		1,518,465
Valuation allowance	(12,938)		(1,325)
Net deferred tax assets	$	1,503,143	$	1,517,140

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, 2021, 2020 and 2019, are as follows (in thousands):

	Year Ended December 31,
	2021		2020		2019
Gross unrecognized tax benefits at January 1,	$	46,320	$	46,650	$	33,262
Increases related to tax positions taken during the current year	27,710		20,592		19,012
Increases related to tax positions taken during a prior year	5,471		10,201		143
Decreases related to tax positions taken during a prior year	(5,804)		(29,977)		(3,783)
Decreases related to expiration of statute of limitations	(8,986)		—		(1,984)
Decreases related to settlement with tax authorities	(1,416)		(1,146)		—
Gross unrecognized tax benefits at December 31,	$	63,295	$	46,320	$	46,650