Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes

Income (loss) from continuing operations before income taxes

	Year Ended December 31,
United States and Other Jurisdictions	2021		2020		2019
	(In thousands)
United States	$	(153,243)	$	(182,706)	$	5,979
Other jurisdictions		(334,846)		(522,861)		(594,901)
Income (loss) from continuing operations before income taxes	$	(488,089)	$	(705,567)	$	(588,922)

Income tax expense (benefit) from continuing operations

	Year Ended December 31,
	2021		2020		2019
	(In thousands)
Current:
U.S. federal	$	(1,905)	$	(39,268)	$	1,210
Outside the U.S.		60,318		33,858		54,097
State		7,914		(2,020)		318
	$	66,327	$	(7,430)	$	55,625
Deferred:
U.S. federal	$	(4,669)	$	67,909	$	58,157
Outside the U.S.		(3,608)		(4,992)		(25,428)
State		(2,429)		1,799		3,222
	$	(10,706)	$	64,716	$	35,951
Income tax expense (benefit)	$	55,621	$	57,286	$	91,576

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

	Year Ended December 31,
	2021		2020		2019
	(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		23,395		62,751		54,060
Increase (decrease) in valuation allowance		8,276		(9,759)		32,869
Tax reserves and interest		26,266		861		1,107
State income taxes (benefit)		(2,316)		3,433		3,540
Income tax expense (benefit)	$	55,621	$	57,286	$	91,576
Effective tax rate		(11.4)%		(8.1)%		(15.5)%

Deferred tax assets and liabilities

	December 31,
	2021		2020
	(In thousands)
Deferred tax assets:
Net operating loss carryforwards	$	3,676,333	$	3,618,227
Equity compensation		822		1,594
Deferred revenue		775		3,878
Tax credit and other attribute carryforwards		84,624		84,502
Insurance loss reserves		2,909		2,086
Depreciation and amortization for tax in excess of book expense		118,151		44,837
Other		131,223		110,003
Subtotal		4,014,837		3,865,127
Valuation allowance		(3,754,207)		(3,602,144)
Deferred tax assets:	$	260,630	$	262,983
Deferred tax liabilities:
Depreciation and amortization for tax in excess of book expense	$	—	$	—
Other		4,772		17,388
Deferred tax liability	$	4,772	$	17,388
Net deferred tax assets (liabilities)	$	255,858	$	245,595
Balance Sheet Summary:
Net noncurrent deferred tax asset	$	258,631	$	247,171
Net noncurrent deferred tax liability		(2,773)		(1,576)
Net deferred tax asset (liability)	$	255,858	$	245,595

Schedule of reconciliation of our uncertain tax positions

	2021		2020		2019
	(In thousands)
Balance as of January 1	$	26,704	$	25,770	$	25,711
Additions for tax positions of prior years		19,760		1,887		1,003
Reductions for tax positions for prior years		(476)		(953)		(860)
Settlements		—		—		(84)
Balance as of December 31	$	45,988	$	26,704	$	25,770