Income Taxes (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Income Tax Expense (Benefit) From Continuing Operation

The components of the provision for income taxes, net for the years ended December 31, 2019, 2018 and 2017 is presented below:



Year ended December 31, 2019	Current		Deferred		Total
	(in thousands)
Federal	$	—	$	—	$	—
State	874		—		874
Foreign	2,136		—		2,136
	$	3,010	$	—	$	3,010



Year ended December 31, 2018	Current		Deferred			Total
	(in thousands)
Federal	$	—	$	(86	)	$	(86	)
State	744		(24		)	720
Foreign	78		1,325			1,403
	$	822	$	1,215		$	2,037



Year ended December 31, 2017	Current		Deferred			Total
	(in thousands)
Federal	$	—	$	(31	)	$	(31	)
State	540		8			548
Foreign	942		(973		)	(31		)
	$	1,482	$	(996	)	$	486

Schedule of Difference in the Company's Expected Tax Expense (Benefit) as Computed by Applying the U.S. Federal Corporate Rate to Income Before Tax Expense (Benefit), and Actual Tax is Reconciled

The actual provision for income taxes, net differs from the expected provision for income taxes computed at the U.S. Federal statutory tax rate of 21% due to the following:



	Year Ended December 31,
	2019			2018			2017
	(in thousands)
Provision for income taxes at the federal statutory rate	$	(206,131	)	$	(105,429	)	$	(85,445	)

State income tax expense, net of federal benefit	(40,136		)	(22,584		)	(11,432		)
Foreign tax rate differential	24,346			14,976			23,179
Non-deductible equity-based compensation expense	6,604			3,267			1,080
Windfall benefits from equity-based compensation	(28,915		)	(29,003		)	(24,168		)
Change in valuation allowance	236,863			119,370			24,209
Change in tax rate	(2,293		)	197			71,919
Limitation on officer's compensation	6,509			5,283			—
Debt integration termination	—			9,236			—
Other	6,163			6,724			1,144
Provision for income taxes, net	$	3,010		$	2,037		$	486

Schedule of Components of Income Tax Expense (Benefit) Determined by Tax Jurisdiction

The components of loss before income taxes determined by tax jurisdiction, are as follows:



	Year Ended December 31,
	2019			2018			2017
	(in thousands)
U.S.	$	(699,347	)	$	(327,356	)	$	(143,800	)
Foreign	(282,227		)	(174,687		)	(100,328		)
Total	$	(981,574	)	$	(502,043	)	$	(244,128	)

Schedule of Tax Effects of Temporary Differences that Give Rise to Significant Portions of Deferred Tax Assets and Liabilities

The tax effects of temporary differences that give rise to significant portions of deferred tax assets and liabilities for the periods presented are as follows:



	December 31,
	2019			2018
	(in thousands)
Deferred tax assets:
Accounts receivable	$	5,909		$	2,400
Inventories	871			495
Net operating loss carry-forwards	470,199			262,481
Equity-based compensation expense	14,929			9,733
Intangibles	10,675			12,526
Accrued payroll	21,395			13,900
Accrued expenses and reserves	14,539			12,339
Charitable contributions	872			657
Leases	239,259			90,868
Gross deferred tax assets	778,648			405,399
Less: Valuation allowance	(412,898		)	(247,454		)
Net deferred tax assets	$	365,750		$	157,945
Deferred tax liabilities:
Prepaid expenses	$	(5,930	)	$	(3,030	)
Capitalized technology	(27,354		)	(15,427		)
Property and equipment	(14,191		)	(73,189		)
Operating lease right-of-use asset	(197,680		)	—
Goodwill	(40		)	(133		)
Convertible debt	(120,447		)	(66,166		)
Other	(108		)	—
Total deferred tax liabilities	(365,750		)	(157,945		)
Net deferred tax assets (liabilities)	—			—
Non-current net deferred tax assets (liabilities)	$	—		$	—