Income Taxes (Tables)

12 Months Ended

Dec. 31, 2016

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

The components of loss from continuing operations before provision for income taxes during the three years ended December 31, 2016 consisted of the following:



	2016			2015			2014
	(in thousands)
United States	$	(147,860	)	$	(272,326	)	$	(645,465	)
Foreign	80,494			(285,474		)	(89,410		)
Loss from continuing operations before provision for income taxes	$	(67,366	)	$	(557,800	)	$	(734,875	)

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

The components of the provision for income taxes from continuing operations during the three years ended December 31, 2016 consisted of the following:



	2016			2015			2014
	(in thousands)
Current taxes:
United States	$	(3,821	)	$	25,623		$	2,853
Foreign	1,794			831			2,457
State	1,836			3,629			1,366
Total current taxes	$	(191	)	$	30,083		$	6,676
Deferred taxes:
United States	$	18,659		$	497		$	244
Foreign	(3,359		)	(355		)	—
State	1,556			156			38
Total deferred taxes	$	16,856		$	298		$	282
Provision for income taxes	$	16,665		$	30,381		$	6,958

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 from continuing operations before provision for income taxes, and actual tax is reconciled as follows:



	2016			2015			2014
	(in thousands)
Loss from continuing operations before provision for income taxes	$	(67,366	)	$	(557,800	)	$	(734,875	)
Expected tax provision (benefit)	(23,578		)	(195,230		)	(257,206		)
State taxes, net of federal benefit	3,621			3,800			1,124
Foreign rate differential	21,346			47,402			39,335
Tax credits	(47,773		)	(55,696		)	(33,788		)
Unbenefitted operating losses (gains)	14,837			226,169			241,037
Non-deductible expenses	24,749			5,817			18,756
Rate change	12,836			(1,224		)	(1,826		)
Tax attribute expiration	9,947			—			—
Other	680			(657		)	(474		)
Provision for income taxes	$	16,665		$	30,381		$	6,958

Schedule of deferred tax assets and liabilities

The components of the deferred taxes were as follows:



	As of December 31,
	2016			2015
	(in thousands)
Deferred tax assets:
Net operating loss	$	1,232,399		$	1,250,642
Tax credit carryforwards	367,402			315,535
Property and equipment	22			—
Intangible assets	34,938			14,673
Deferred revenues	31,205			9,341
Stock-based compensation	110,446			93,404
Inventories	4,705			5,913
Accrued expenses	23,078			27,236
Currency translation adjustment	—			222
Unrealized loss	5			—
Construction financing lease obligation	177,735			176,250
Gross deferred tax assets	1,981,935			1,893,216
Valuation allowance	(1,731,186		)	(1,716,349		)
Total deferred tax assets	250,749			176,867
Deferred tax liabilities:
Property and equipment	(169,089		)	(175,424		)
Acquired intangibles	(134,063		)	(110,439		)
Deferred revenue	$	(73,357	)	$	—
Unrealized gain	$	(7,967	)	$	(1,088	)
Net deferred tax liabilities	$	(133,727	)	$	(110,084	)

Schedule of unrecognized tax benefits

Unrecognized tax benefits during the two years ended December 31, 2016 consisted of the following:



	2016			2015
	(in thousands)
Unrecognized tax benefits beginning of year	$	425		$	880
Decrease due to statute of limitations expiring	(425		)	—
Decrease due to settlements and payments	—			(455		)
Unrecognized tax benefits end of year	$	—		$	425