Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

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, 2015 consisted of the following:



	2015			2014			2013
	(in thousands)
United States	$	(272,326	)	$	(645,465	)	$	(10,638	)
Foreign	(285,474		)	(89,410		)	(615,406		)
Loss from continuing operations before provision for (benefit from) income taxes	$	(557,800	)	$	(734,875	)	$	(626,044	)

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, 2015 consisted of the following:



	2015			2014		2013
	(in thousands)
Current taxes:
United States	$	25,623		$	2,853	$	—
Foreign	831			2,457		1,085
State	3,629			1,366		4,080
Total current taxes	$	30,083		$	6,676	$	5,165
Deferred taxes:
United States	$	497		$	244	$	—
Foreign	(355		)	—		(127,587		)
State	156			38		—
Total deferred taxes	$	298		$	282	$	(127,587	)
Provision for (benefit from) income taxes	$	30,381		$	6,958	$	(122,422	)

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 (benefit from) income taxes, and actual tax is reconciled as follows:



	2015			2014			2013
	(in thousands)
Loss from continuing operations before provision for (benefit from) income taxes	$	(557,800	)	$	(734,875	)	$	(626,044	)
Expected tax provision (benefit)	(195,230		)	(257,206		)	(219,115		)
State taxes, net of federal benefit	3,800			1,124			3,844
Foreign rate differential	47,402			39,335			79,799
Tax credits	(55,696		)	(33,788		)	(16,775		)
Unbenefitted operating losses (gains)	226,169			241,037			(29,900		)
Non-deductible expenses	5,817			18,756			9,614
Rate change	(1,224		)	(1,826		)	50,076
Other	(657		)	(474		)	35
Provision for (benefit from) income taxes	$	30,381		$	6,958		$	(122,422	)

Schedule of deferred tax assets and liabilities

The components of the deferred taxes were as follows:



	As of December 31,
	2015			2014
	(in thousands)
Deferred tax assets:
Net operating loss	$	1,250,642		$	996,172
Tax credit carryforwards	315,535			265,339
Intangible assets	14,673			3,174
Deferred revenues	9,341			15,771
Stock-based compensation	93,404			61,527
Inventories	5,913			13,395
Accrued expenses	27,236			37,699
Currency translation adjustment	222			—
Construction financing lease obligation	176,250			175,853
Gross deferred tax assets	1,893,216			1,568,930
Valuation allowance	(1,716,349		)	(1,409,936		)
Total deferred tax assets	176,867			158,994
Deferred tax liabilities:
Property and equipment	(175,424		)	(158,994		)
Acquired intangibles	(110,439		)	(11,544		)
Unrealized gain	$	(1,088	)	$	—
Net deferred tax liabilities	$	(110,084	)	$	(11,544	)

Schedule of unrecognized tax benefits

Unrecognized tax benefits during the two years ended December 31, 2015 consisted of the following:



	2015			2014
	(in thousands)
Unrecognized tax benefits beginning of year	$	880		$	2,024
Decrease for prior period positions	—			(27		)
Decrease due to settlements and payments	(455		)	(1,117		)
Unrecognized tax benefits end of year	$	425		$	880