Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

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,
	2022		2021		2020
Domestic	$	268,097	$	378,478	$	173,099
Foreign	330,960		633,945		205,850
Net income before provision for (benefit from) income taxes	$	599,057	$	1,012,423	$	378,949

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,
	2022		2021		2020
Federal
Current	$	188,050	$	157,383	$	55,291
Deferred	(55,579)		(25,598)		(11,749)
	132,471		131,785		43,542
State
Current	34,621		28,365		8,862
Deferred	(12,265)		(5,860)		(2,121)
	22,356		22,505		6,741
Foreign
Current	56,537		42,681		29,399
Deferred	26,120		43,432		(1,476,621)
	82,657		86,113		(1,447,222)
Provision for (benefit from) income taxes	$	237,484	$	240,403	$	(1,396,939)

Schedule of Effective Income Tax Rate Reconciliation

The differences between income taxes using the federal statutory income tax rate for 2022, 2021 and 2020 and our effective tax rates are as follows: 

	Year Ended December 31,
	2022		2021		2020
U.S. federal statutory income tax rate	21.0	%	21.0	%	21.0	%
State income taxes, net of federal tax benefit	3.7		2.2		1.5
U.S. tax on foreign earnings	5.6		2.5		(1.2)
Impact of differences in foreign tax rates	3.3		(2.0)		5.6
Stock-based compensation	2.1		(0.3)		1.1
Impact of intra-entity intellectual property rights transfer	—		—		(395.6)
Settlement on audits	1.9		—		(1.4)
Change in valuation allowance	1.7		1.1		0.1
Other items not individually material	0.3		(0.8)		0.3
Effective tax rate	39.6	%	23.7	%	(368.6)	%

Schedule of Deferred Tax Assets and Liabilities

As of December 31, 2022 and 2021, the significant components of our deferred tax assets and liabilities are (in thousands):

	December 31,
	2022		2021
Deferred tax assets:
Net operating loss and capital loss carryforwards	$	15,380	$	11,069
Reserves and accruals	32,759		47,641
Stock-based compensation	19,469		13,576
Deferred revenue	117,039		83,514
Capitalized research & development	54,293		413
Amortizable tax basis in intangibles	1,350,434		1,392,471
Other	16,645		15,645
Deferred tax assets before valuation allowance	1,606,019		1,564,329
Valuation allowance	(23,286)		(12,938)
Total deferred tax assets	1,582,733		1,551,391
Deferred tax liabilities:
Depreciation and amortization	11,407		12,328
Acquisition-related intangibles	26,008		28,989
Other	3,438		6,931
Total deferred tax liabilities	40,853		48,248
Net deferred tax assets	1,541,880		1,503,143

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, 2022, 2021 and 2020, are as follows (in thousands):

	Year Ended December 31,
	2022		2021		2020
Gross unrecognized tax benefits at January 1,	$	63,295	$	46,320	$	46,650
Increases related to tax positions taken during the current year	84,249		27,710		20,592
Increases related to tax positions taken during a prior year	15,411		5,471		10,201
Decreases related to tax positions taken during a prior year	(2,647)		(5,804)		(29,977)
Decreases related to expiration of statute of limitations	(4,582)		(8,986)		—
Decreases related to settlement with tax authorities	(14,166)		(1,416)		(1,146)
Gross unrecognized tax benefits at December 31,	$	141,560	$	63,295	$	46,320