Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Taxes

Schedule Components of loss before income taxes and the provision for income taxes

The components of loss before income taxes and the income tax benefit for the years ended December 31, 2021, 2020, and 2019, by jurisdiction, are as follows (in thousands):

	2021						2020						2019
	U.S.		Foreign		Total		U.S.		Foreign		Total		U.S.		Foreign		Total
Loss before income taxes	$	(466,825)	$	(9,337)	$	(476,162)	$	(624,302)	$	(2,698)	$	(627,000)	$	(82,188)	$	(1,555)	$	(83,743)
Income tax benefit		16,540		(343)		16,197		30,845		—		30,845		—		—		—
Net loss attributable to the Company	$	(450,285)	$	(9,680)	$	(459,965)	$	(593,457)	$	(2,698)	$	(596,155)	$	(82,188)	$	(1,555)	$	(83,743)

Schedule of Significant Components of Deferred Income Tax Expense (Benefit)

The significant components of deferred income tax expense (benefit) for the years ended December 31, 2021, 2020, and 2019, by jurisdiction, are as follows (in thousands):

	2021						2020						2019
	U.S.		Foreign		Total		U.S.		Foreign		Total		U.S.		Foreign		Total
Deferred tax (benefit) expense	$	(51,999)	$	1,064	$	(50,935)	$	(31,408)	$	(67)	$	(31,475)	$	(10,621)	$	(426)	$	(11,047)
Net operating loss carryforward generated		(105,498)		(2,038)		(107,536)		(51,849)		(438)		(52,287)		(5,099)		(270)		(5,369)
Valuation allowance increase (decrease)		140,957		1,317		142,274		52,412		505		52,917		15,720		696		16,416
Benefit for income taxes	$	(16,540)	$	343	$	(16,197)	$	(30,845)	$	—	$	(30,845)	$	—	$	—	$	—

Schedule of Effective Income Tax Rate Reconciliation

	2021		2020		2019
U.S. Federal statutory tax rate	(21.00)	%	(21.00)	%	(21.00)	%
Deferred state taxes	(0.60)	%	(2.30)	%	1.36	%
Common stock warrant liability	(6.00)	%	13.40	%	0.0	%
Section 162M Disallowance	1.10	%	0.0	%	0.0	%
Equity Compensation	(4.30)	%	0.0	%	0.0	%
Provision to return and deferred tax asset adjustments	(1.30)	%	0.0	%	0.0	%
Change in U.S. Federal/Foreign statutory tax rate	0.30	%	0.0	%	0.0	%
Other, net	(1.50)	%	(3.50)	%	(0.48)	%
Change in valuation allowance	29.90	%	8.40	%	20.14	%
	(3.4)	%	(5.0)	%	0.0	%

Schedule of Deferred Tax Assets and Liabilities

Significant components of the Company’s deferred tax assets and liabilities as of December 31, 2021 and 2020 are as follows (in thousands):

	U.S.				Foreign				Total
	2021		2020		2021		2020		2021		2020
Intangible assets	$	—	$	—	$	—	$	1,197	$	—	$	1,197
Deferred revenue		24,514		16,082		146		192		24,660		16,274
Interest expense		29,095		21,183		—		—		29,095		21,183
Other reserves and accruals		23,398		5,087		7,332		—		30,730		5,087
Tax credit carryforwards		8,960		4,360		1,289		1,253		10,249		5,613
Amortization of stock-based compensation		13,904		3,900		—		—		13,904		3,900
Non-compensatory warrants		4,115		5,020		—		—		4,115		5,020
Capitalized research & development expenditures		37,912		30,870		4,613		4,483		42,525		35,353
Right of use liability (operating leases)		6,118		27,715		485		—		6,603		27,715
Net operating loss carryforwards		205,760		110,978		12,052		10,014		217,812		120,992
Total deferred tax asset		353,776		225,195		25,917		17,139		379,693		242,334
Valuation allowance		(295,424)		(154,467)		(18,444)		(17,127)		(313,868)		(171,594)
Net deferred tax assets	$	58,352	$	70,728	$	7,473	$	12		65,825	$	70,740
Intangible assets		(23,244)		(7,360)		(11,098)		—		(34,342)		(7,360)
Convertible debt		(27,346)		(27,420)		—		—		(27,346)		(27,420)
Right of use asset (operating leases)		(247)		(27,684)		(485)		—		(732)		(27,684)
Other reserves and accruals		—		—		—		(12)		—		(12)
Property, plant and equipment and right of use assets		(8,489)		(9,191)		—		—		(8,489)		(9,191)
Deferred tax liability	$	(59,326)	$	(71,655)	$	(11,583)	$	(12)	$	(70,909)	$	(71,667)
Net	$	(974)	$	(927)	$	(4,110)	$	—	$	(5,084)	$	(927)

Schedule of Valuation Allowance

A reconciliation of the current year change in valuation allowance is as follows (in thousands):

	U.S.		Foreign		Total
Increase in valuation allowance for current year increase in net operating losses	$	105,544	$	2,996	$	108,540
Increase in valuation allowance for current year net increase in deferred tax assets other than net operating losses		49,974		686		50,660
Increase in valuation allowance due to change in tax rates		(14,561)		(2,365)		(16,926)
Net increase in valuation allowance	$	140,957	$	1,317	$	142,274