Taxation (Tables)

12 Months Ended

Dec. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Components Loss Before Taxes

The components of income / (loss) before taxes for the years ended December 31, 2023, 2022 and 2021 consisted of the following:

	For the Year Ended December 31,
	2023			2022			2021
United Kingdom	$	24,130		$	(620,591	)	$	(447,808	)
United States		(80,969	)		(993,786	)		(73,789	)
Foreign Other		77,428			(300,409	)		326,159
Income / (loss) from operations before taxes	$	20,589		$	(1,914,786	)	$	(195,438	)

Schedule of Income Tax Benefit

The income tax expense / (benefit) consists of the following:

	For the Year Ended December 31,
	2023			2022			2021
Current:
United Kingdom	$	(3,447	)	$	4,638		$	(4,364	)
United States		2,247			3,004			(25,926	)
Foreign Other		22,348			22,732			42,173
Total		21,148			30,374			11,883
Deferred:
United Kingdom		15,764			(25,416	)		(90,345	)
United States		11,395			(52,225	)		4,468
Foreign Other		(7,467	)		(5,235	)		(11,116	)
Total		19,692			(82,876	)		(96,993	)
Income tax expense / (benefit)	$	40,840		$	(52,502	)	$	(85,110	)

Schedule of Effective Income Tax Rate

The reconciliation of the statutory income tax rate to the Company’s effective income tax rate is as follows:

	For the Year Ended December 31,
	2023			2022			2021
United Kingdom corporate tax rate		23.5	%		19.0	%		19.0	%
Changes in respect of prior periods		41.6	%		0.4	%		8.2	%
Rate change		4.5	%		0.3	%		1.8	%
Expenses not deductible for tax purposes		9.5	%		(0.2	)%		(9.4	)%
Tax effect of short fall on share-based compensation		22.3	%		(0.2	)%		—
Impairment losses not deductible for tax purposes		—			(15.8	)%		—
Gains and losses not subject to income tax		(1.5	)%		0.2	%		0.6	%
Withholding tax on unremitted earnings		8.7	%		(0.1	)%		—
Foreign tax on capital gains		—			(0.4	)%		—
Movement in deferred tax not recognized		131.9	%		(1.8	)%		1.4	%
Movement in tax losses not recognized		(7.0	)%		0.1	%		—
Foreign income taxed at different rates		(31.8	)%		1.2	%		21.3	%
Other		(3.3	)%		—			0.6	%
Effective tax rate		198.4	%		2.7	%		43.5	%

Schedule of Beginning and Ending of Gross Unrecognized Tax Positions

A reconciliation of the beginning and ending amount of gross unrecognized tax benefits for uncertain tax positions is as follows:

	For the Year Ended December 31,
	2023			2022			2021
Beginning unrecognized tax benefits	$	16,769		$	16,744		$	18,784
Increases related to prior year tax positions		-			-			4,451
Decreases related to prior year tax positions		(1,302	)		(66	)		(3,912	)
Increases related to current year tax provisions		464			562			589
Decreases related to current year tax positions		-			-			(1,013	)
Decreases related to settlement with tax authorities		(7,896	)		(471	)		(2,155	)
Closing unrecognized tax benefits	$	8,035		$	16,769		$	16,744

Schedule of Deferred Tax Assets and Liabilities

The principal components of deferred tax were as follows:

	For the Year Ended December 31,
	2023			2022
Deferred tax assets:
Property and equipment	$	9,688		$	3,607
Intangible assets		83,800			127,556
Carry forward tax losses		136,303			146,358
Excess interest carry forward		104,999			101,547
Accrued and unpaid expenses		20,725			14,010
Financial instruments		7,844			10,465
Other		10,325			14,605
Total deferred tax assets		373,684			418,148
Valuation allowance		(113,491	)		(92,019	)
Net deferred tax assets		260,193			326,129
Deferred tax liabilities:
Property and equipment		(6,661	)		(5,445	)
Intangible assets		(277,537	)		(319,167	)
Other		(10,427	)		(15,770	)
Total deferred tax liabilities		(294,625	)		(340,382	)
Net deferred tax liabilities	$	(34,432	)	$	(14,253	)