Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Income Taxes

Income (loss) from continuing operations before income taxes

	Year Ended December 31,
United States and Other Jurisdictions	2019		2018		2017
	(In thousands)
United States	$	5,979	$	(119,419)	$	(369,162)
Other jurisdictions		(594,901)		(399,375)		(210,922)
Income (loss) from continuing operations before income taxes	$	(588,922)	$	(518,794)	$	(580,084)

Income tax expense (benefit) from continuing operations

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Current:
U.S. federal	$	1,210	$	(32,351)	$	(160,761)
Outside the U.S.		54,097		32,928		59,491
State		318		1,811		(810)
	$	55,625	$	2,388	$	(102,080)
Deferred:
U.S. federal	$	58,157	$	37,476	$	49,020
Outside the U.S.		(25,428)		39,518		(26,684)
State		3,222		(113)		(3,226)
	$	35,951	$	76,881	$	19,110
Income tax expense (benefit)	$	91,576	$	79,269	$	(82,970)

Reconciliation of the differences between taxes on income (loss) before income taxes

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Income tax provision at statutory (Bermuda rate of 0%)	$	—	$	—	$	—
Taxes (benefit) on U.S. and other international earnings (losses) at greater than the Bermuda rate		54,060		49,375		(98,119)
Increase (decrease) in valuation allowance		32,869		38,822		29,165
Impact of Tax Reform Act		—		—		138,635
Tax reserves and interest		1,107		(10,626)		(148,615)
State income taxes (benefit)		3,540		1,698		(4,036)
Income tax expense (benefit)	$	91,576	$	79,269	$	(82,970)
Effective tax rate		(15.5%)		(15.3%)		14.3%

Deferred tax assets and liabilities

	December 31,
	2019		2018
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	2,834,851	$	1,967,910
Equity compensation		6,577		7,038
Deferred revenue		8,873		16,494
Tax credit and other attribute carryforwards		97,215		100,752
Insurance loss reserves		2,248		2,451
Accrued interest		172,120		206,088
Other		95,588		82,167
Subtotal		3,217,472		2,382,900
Valuation allowance		(2,813,567)		(1,917,390)
Deferred tax assets:	$	403,905	$	465,510
Deferred tax liabilities:
Depreciation and amortization for tax in excess of book expense	$	80,155	$	102,810
Other		21,055		23,920
Deferred tax liability	$	101,210	$	126,730
Net deferred tax assets (liabilities)	$	302,695	$	338,780
Balance Sheet Summary:
Net noncurrent deferred tax asset	$	305,844	$	345,091
Net noncurrent deferred tax liability		(3,149)		(6,311)
Net deferred tax asset (liability)	$	302,695	$	338,780

Schedule of reconciliation of our uncertain tax positions

	Year Ended December 31,
	2019		2018		2017
	(In thousands)
Balance as of January 1	$	25,711	$	33,203	$	179,255
Additions based on tax positions related to the current year		—		—		—
Additions for tax positions of prior years		1,003		308		25,119
Reductions for tax positions for prior years		(860)		(7,800)		(171,171)
Settlements		(84)		—		—
Balance as of December 31	$	25,770	$	25,711	$	33,203