Zynga 2014 Annual Report Download - page 64

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Table of Contents
Provision for (benefit from) income taxes
2014 Compared to 2013. The benefit from income taxes decreased by $20.6 million in the twelve months ended December 31, 2014
compared to the same period of the prior year. This decrease was attributable primarily to the incremental benefit of $5.0 million recorded in the
first quarter of 2013 related to the recognition of Federal research and development tax credits and the net benefit related to changes in the
estimated jurisdictional mix of earnings between the two periods of $15.6 million.
2013 Compared to 2012. The provision for income taxes decreased by $77.8 million in the twelve months ended December 31, 2013 as
compared to the same period of the prior year. This decrease was attributable primarily to a benefit of $12.4 million recorded in the first quarter
of 2013 related to the reinstatement of the federal research and development tax credit retroactive to January 1, 2012, a benefit of $16.3 million
recorded in the second quarter related to changes in the estimated jurisdictional mix of earnings, and tax expense of $85.0 million related to the
cost of fully implementing our international structure in the fourth quarter of 2012, partially offset by the $39.1 million tax impact of the
impairment charges recorded in the third quarter of 2012.
61
Year Ended December 31,
2013 to 2014
% Change
2012 to 2013
% Change
2014
2013
2012
(in thousands)
Provision for (benefit from) income taxes
$
(7,327
)
$
(27,887
)
$
49,873
NM
NM