Income Taxes (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Company's Income (Loss) from Operations Before Income Tax Provision (Benefit) by Jurisdiction

The Company’s income (loss) from operations before income tax provision (benefit) by jurisdiction for the years ended December 31 are as follows (in thousands):


	Year Ended December 31,
	2022		2021		2020
Domestic	$	(712,183)	$	(1,633,016)	$	(455,253)
Foreign	58,536		(81,520)		36,994
Loss before income tax expense	$	(653,647)	$	(1,714,536)	$	(418,259)

Schedule of Components of Current Income Tax Provision (Benefit)

Significant components of the current income tax provision (benefit) are as follows (in thousands):


	Year Ended December 31,
	2022		2021		2020
Domestic	$	1,300	$	—	$	—
State and local	503		—		—
Foreign	2,489		29,215		—
Total current income tax expense	$	4,292	$	29,215	$	—

Schedule of Tax Rate Differences

A reconciliation of the provision for income tax to the amount computed by applying the U.S. federal statutory tax rate to the Company’s effective tax rate is as follows:


	Year Ended December 31,
	2022		2021		2020
Statutory federal tax rate	21	%	21	%	21	%
State income taxes, net of federal benefit	2	%	6	%	3	%
Research and development and other tax credits	1	%	1	%	—	%
Non-deductible expenses	(1)	%	(2)	%	(4)	%
Non-cash stock-based compensation	(1)	%	4	%	7	%
U.S. taxation of foreign operations	(3)	%	—	%	—	%
Foreign tax expense	—	%	(1)	%	—	%
Other	2	%	(1)	%	(1)	%
Change in tax rate	(20)	%	—	%	5	%
Change in valuation allowance	(2)	%	(30)	%	(31)	%
Income tax provision	(1)	%	(2)	%	—	%

Schedule of Deferred Tax Assets (Liabilities)

The significant components of the Company’s deferred tax assets and liabilities as of December 31 were as follows (in thousands):


	December 31,
	2022		2021
Deferred tax assets:
Federal and state net operating loss carryforward	$	479,134	$	845,731
Foreign net operating loss carryforward	5,752		25,625
Research tax credits	45,560		44,618
Lease liability	27,625		52,852
Deferred revenue	195,049		20,262
Inventory reserve	213,076		—
Non-cash stock-based compensation	27,599		24,698
Original discount interest	—		1,729
Capitalized research costs	49,309		—
Other	13,695		11,801
Gross deferred tax assets	1,056,799		1,027,316
Valuation allowance	(1,020,123)		(1,015,333)
Total deferred tax assets	$	36,676	$	11,983
Deferred tax liabilities:
ROU assets	(23,330)		(10,071)
Fixed assets	(11,587)		—
Intangibles	(1,055)		(1,034)
Other	(704)		(878)
Total deferred tax liabilities	$	(36,676)	$	(11,983)
Net deferred tax assets (liabilities)	$	—	$	—

Schedule of Unrecognized Tax Benefits Roll Forward

A reconciliation of the beginning and ending amounts of unrecognized tax benefits in the year ended December 31, 2022, 2021, and 2020 is as follows (in thousands):


	Year Ended December 31,
	2022		2021		2020
Unrecognized tax benefits balance at January 1,	$	11,154	$	8,766	$	—
Additions for tax positions of current year	1,260		4,158		1,413
Additions for tax positions of prior years	807		—		7,353
Reductions for tax positions of prior year	(8,027)		(1,770)		—
Settlements of tax positions of prior years	—		—		—
Unrecognized tax benefits balance at December 31,	$	5,194	$	11,154	$	8,766