Income Taxes (Tables)

12 Months Ended

Dec. 31, 2014

Income Tax Disclosure [Abstract]

Schedule of components of income (loss) before provision for (benefit from) income taxes

The components of loss from continuing operations before provision for (benefit from) income taxes during the three years ended December 31, 2014 consisted of the following:

	2014			2013			2012
	(in thousands)
United States	$	(645,465	)	$	(10,638	)	$	231,542
Foreign	(89,410		)	(615,406		)	(199,546		)
(Loss) income from continuing operations before provision for (benefit from) income taxes	$	(734,875	)	$	(626,044	)	$	31,996

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

The components of the provision for (benefit from) income taxes from continuing operations during the three years ended December 31, 2014 consisted of the following:

	2014		2013			2012
	(in thousands)
Current taxes:
United States	$	2,853	$	—		$	—
Foreign	2,457		1,085			(1,865		)
State	1,366		4,080			1,590
Total current taxes	$	6,676	$	5,165		$	(275	)
Deferred taxes:
United States	$	244	$	—		$	—
Foreign	—		(127,587		)	—
State	38		—			—
Total deferred taxes	$	282	$	(127,587	)	$	—
Provision for (benefit from) income taxes	$	6,958	$	(122,422	)	$	(275	)

Reconciliation of the provision for (benefit from) income taxes

The difference between the Company’s “expected” tax provision (benefit), as computed by applying the U.S. federal corporate tax rate of 35% to (loss) income from continuing operations before provision for (benefit from) income taxes, and actual tax is reconciled as follows:

	2014			2013			2012
	(in thousands)
(Loss) income from continuing operations before provision for (benefit from) income taxes	$	(734,875	)	$	(626,044	)	$	31,996
Expected tax provision (benefit)	(257,206		)	(219,115		)	11,199
State taxes, net of federal benefit	1,124			3,844			1,693
Foreign rate differential	39,335			79,799			46,168
Tax credits	(33,788		)	(16,775		)	(1,791		)
Unbenefitted operating losses	241,037			(29,900		)	(63,189		)
Non-deductible expenses	18,756			9,614			3,084
Rate change	(1,826		)	50,076			3,275
Other	(474		)	35			(714		)
Provision for (benefit from) income taxes	$	6,958		$	(122,422	)	$	(275	)

Schedule of deferred tax assets and liabilities

The components of the deferred taxes were as follows:

	As of December 31,
	2014			2013
	(in thousands)
Deferred tax assets:
Net operating loss	$	996,172		$	850,946
Tax credit carryforwards	265,339			180,380
Intangible assets	3,174			26,105
Deferred revenues	15,771			25,158
Stock-based compensation	61,527			63,521
Inventories	13,395			26,278
Accrued expenses	37,699			52,470
Currency translation adjustment	—			217
Construction financing lease obligation	175,853			152,688
Gross deferred tax assets	1,568,930			1,377,763
Valuation allowance	(1,409,936		)	(1,243,664		)
Total deferred tax assets	158,994			134,099
Deferred tax liabilities:
Property and equipment	(158,994		)	(134,099		)
Acquired intangibles	(11,544		)	—
Net deferred tax liabilities	$	(11,544	)	$	—

Schedule of unrecognized tax benefits

Unrecognized tax benefits during the two years ended December 31, 2014 consisted of the following:

	2014			2013
	(in thousands)
Unrecognized tax benefits beginning of year	$	2,024		$	4,106
Gross change for current year positions	—			1,325
Decrease for prior period positions	(27		)	(290		)
Decrease due to settlements and payments	(1,117		)	—
Decrease due to statute limitations	—			(185		)
Deconsolidation of Alios	—			(2,932		)
Unrecognized tax benefits end of year	$	880		$	2,024