Rendering
Component: (Network and Table) |
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Network | 2343301 - Disclosure - Income Taxes (Tables) (http://www.alxn.com/role/IncomeTaxesTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0000899866 (http://www.sec.gov/CIK) |
Income Tax Disclosure [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Income Tax Disclosure [Abstract] | |
Schedule of Income Tax Provision (Benefit) on Income Before Income Taxes | The income tax expense is based on income before income taxes as follows: | | | | | | | | | | | | | | Year Ended December 31, | | 2016 | | 2015 | | 2014 | U.S. | $ | (165 | ) | | $ | (126 | ) | | $ | 222 |
| Non-U.S. | 741 |
| | 624 |
| | 650 |
| | $ | 576 |
| | $ | 498 |
| | $ | 872 |
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Schedule of Components of Income Tax Provision (Benefit) | The components of the income tax expense are as follows: | | | | | | | | | | | | | | Year Ended December 31, | | 2016 | | 2015 | | 2014 | Domestic | | | | | | Current | $ | 4 |
| | $ | (88 | ) | | $ | 285 |
| Deferred | 107 |
| | 389 |
| | (112 | ) | | 111 |
| | 301 |
| | 173 |
| Foreign | | | | | | Current | 69 |
| | 49 |
| | 82 |
| Deferred | (3 | ) | | 4 |
| | (40 | ) | | 66 |
| | 53 |
| | 42 |
| Total | | | | | | Current | 73 |
| | (39 | ) | | 367 |
| Deferred | 104 |
| | 393 |
| | (152 | ) | | $ | 177 |
| | $ | 354 |
| | $ | 215 |
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Reconciliation of the Statutory U.S. Federal Income Tax Rate to Effective Income Tax Rate | The reconciliation of the statutory U.S. federal income tax rate to our effective income tax rate is as follows:
| | | | | | | | | | | Year Ended December 31, | | 2016 | | 2015 | | 2014 | U.S. federal statutory tax rate | 35.0 | % | | 35.0 | % | | 35.0 | % | State and local income taxes | 4.1 | % | | (0.8 | )% | | 0.9 | % | Foreign income tax rate differential | (33.8 | )% | | (32.5 | )% | | (16.5 | )% | Tax credits, net of nondeductible expenses | (6.0 | )% | | (7.6 | )% | | (2.5 | )% | Foreign income tax credits | (8.4 | )% | | (7.6 | )% | | (4.8 | )% | Foreign income subject to U.S. taxation | 26.6 | % | | 24.3 | % | | 15.8 | % | U.S. deferred taxes on foreign earnings | 16.5 | % | | 60.1 | % | | — | % | Other permanent differences | (3.3 | )% | | 0.1 | % | | (3.2 | )% | Effective income tax rate | 30.7 | % | | 71.0 | % | | 24.7 | % |
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Schedule of Components of Deferred Tax Assets and Liabilities | The components of the deferred tax assets and liabilities are as follows: | | | | | | | | | | December 31, | | December 31, | | 2016 | | 2015 | Deferred tax assets: | | | | Net operating losses | $ | 58 |
| | $ | 168 |
| Income tax credits | 537 |
| | 209 |
| Stock compensation | 89 |
| | 74 |
| Accruals and allowances | 91 |
| | 86 |
| Research and development expenses | 15 |
| | 19 |
| Accrued royalties | 23 |
| | 16 |
| | 813 |
| | 572 |
| Valuation allowance | (4 | ) | | (5 | ) | Total deferred tax assets | 809 |
| | 567 |
| Deferred tax liabilities: |
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| Depreciable assets | (95 | ) | | (83 | ) | Unrealized gains | (44 | ) | | (47 | ) | Investment in foreign partnership | (546 | ) | | (409 | ) | Intangible assets | (502 | ) | | (543 | ) | Total deferred tax liabilities | (1,187 | ) | | (1,082 | ) | Net deferred tax (liability) asset | $ | (378 | ) | | $ | (515 | ) |
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Reconciliation of Unrecognized Tax Benefits | The beginning and ending amounts of unrecognized tax benefits reconciles as follows: | | | | | | | | | | | | | | 2016 | | 2015 | | 2014 | Beginning of period balance | $ | 114 |
| | $ | 29 |
| | $ | 46 |
| Increases for tax positions taken during a prior period | 3 |
| | 2 |
| | 1 |
| Decreases for tax positions taken during a prior period | (1 | ) | | — |
| | (2 | ) | Increases for tax positions taken during the current period | 23 |
| | 85 |
| | 9 |
| Decreases for tax positions related to settlements | — |
| | (1 | ) | | (25 | ) | Decreases for tax positions related to lapse of statute | — |
| | (1 | ) | | — |
| | $ | 139 |
| | $ | 114 |
| | $ | 29 |
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