Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of components of income (loss) before income taxes

The components of Income (loss) from continuing operations before income taxes in the Consolidated Statements of Operations are as follows:



	For the years ended December 31,
	2019			2018			2017

Domestic	$	120,295		$	33,176		$	14,488
Foreign	(213,460		)	(158,962		)	(46,688		)
Income (loss) from continuing operations before income taxes	$	(93,165	)	$	(125,786	)	$	(32,200	)

Schedule of components of the benefit (provision) for income taxes

The components of Income tax benefit (provision), net, in the Consolidated Statements of Operations are as follows:



	For the years ended December 31,
	2019			2018			2017

Current benefit (provision), net:
Federal	$	(5,089	)	$	(1,476	)	$	(1,429	)
State	286			4,881			267
Foreign	(633		)	(2,690		)	(2,335		)
Total current benefit (provision), net	$	(5,436	)	$	715		$	(3,497	)

Deferred benefit (provision), net:
Federal	$	(7,511	)	$	6,857		$	168,625
State	(10,964		)	(14,375		)	(4,482		)
Foreign	3,423			227			(5,539		)
Total deferred benefit (provision), net	(15,052		)	(7,291		)	158,604
Total income tax benefit (provision), net	$	(20,488	)	$	(6,576	)	$	155,107

Schedule of income tax rate reconciliation

Our actual tax provisions reconcile to the amounts computed by applying the statutory federal tax rate to Income (loss) from continuing operations before income taxes in the Consolidated Statements of Operations as follows:



	For the years ended December 31,
	2019			2018			2017

Statutory rate	$	19,565		$	26,415		$	11,270
State income taxes, net of federal provision (benefit)	(8,137		)	(10,519		)	(3,165		)
Permanent differences	(6,531		)	(1,367		)	1,154
Tax credits	12,453			7,825			5,622
Valuation allowance	(54,251		)	(50,118		)	(4,642		)
Enactment of Tax Cuts and Job Act of 2017	—			—			144,945
Rates different than statutory	18,786			20,254			77
Other	(2,373		)	934			(154		)
Total income tax benefit (provision), net	$	(20,488	)	$	(6,576	)	$	155,107

Schedule of deferred tax assets and liabilities

The components of our deferred tax assets and liabilities are as follows:



	As of December 31,
	2019			2018

Deferred tax assets:
Net operating losses, credit and other carryforwards	$	289,353		$	284,300
Unrealized losses on investments, net	39,018			41,852
Accrued expenses	19,660			22,125
Stock-based compensation	5,772			10,210
Other assets	28,163			22,366
Total deferred tax assets	381,966			380,853
Valuation allowance	(181,032		)	(109,762		)
Deferred tax assets after valuation allowance	$	200,934		$	271,091

Deferred tax liabilities:
Depreciation and amortization	$	(544,158	)	$	(553,480	)
Other liabilities	(1,217		)	(1,290		)
Total deferred tax liabilities	(545,375		)	(554,770		)
Total net deferred tax liabilities	$	(344,441	)	$	(283,679	)

Net deferred tax asset foreign jurisdiction	$	7,251		$	4,310
Net deferred tax liability domestic	(351,692		)	(287,989		)
Total net deferred tax liabilities	$	(344,441	)	$	(283,679	)

Schedule of reconciliation of unrecognized tax benefits

The reconciliation of the beginning and ending amount of unrecognized income tax benefits is as follows:



	For the years ended December 31,
	2019		2018			2017

Unrecognized tax benefit balance as of beginning of period:	$	69,540	$	63,296		$	63,502
Additions based on tax positions related to the current year	861		4,361			1,116
Additions based on tax positions related to prior years	—		2,539			258
Reductions based on tax positions related to prior years	—		(656		)	(852		)
Reductions based on expirations of statute of limitations	—		—			(728		)
Balance as of end of period	$	70,401	$	69,540		$	63,296