Bird Global, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Schedule of Income before Income Tax, Domestic and Foreign

The U.S. and foreign components of loss before provision for income taxes for the years ended December 31, 2021 and 2020 are as follows (in thousands):


	December 31,
	2021		2020
U.S.	$	(189,706)	$	(105,235)
Foreign	(6,418)		(102,931)
Loss before income taxes	$	(196,124)	$	(208,166)

Schedule of Components of Income Tax Expense (Benefit)

The components of the provision for income taxes for the years ended December 31, 2021 and 2020 are as follows (in thousands):


	December 31,
	2021		2020
Current
Federal	$	—	$	—
State	31		38
Foreign	178		26
Total current tax expense	$	209	$	64
Deferred
Federal	$	—	$	—
State	—		—
Foreign	—		—
Total deferred tax expense	—		—
Total provision for income taxes	$	209	$	64

Schedule of Effective Income Tax Rate Reconciliation

The following is a reconciliation of the statutory federal income tax rate to the Company’s effective tax rate for the years ended December 31, 2021 and 2020:


	December 31,
	2021	2020
Federal statutory income tax rate	21.0%	21.0%
Mark-to-market adjustments of Earnout and Earn Back Shares	5.5%	0.0%
Executive compensation	(4.7)%	0.0%
Valuation allowance	(22.8)%	(22.9)%
Other	1.0%	1.9%
Effective income tax rate	(0.1)%	0.0%

Schedule of Deferred Tax Assets and Liabilities

Deferred income taxes for the years ended December 31, 2021 and 2020 consist of the following (in thousands):


	December 31,
	2021		2020
Deferred tax assets
Net operating losses	$	279,695	$	240,128
Other	22,994		8,986
Total deferred tax assets	$	302,689	$	249,114
Deferred tax liabilities
Property and equipment, net	$	(7,780)	$	(2,903)
Other	(759)		(578)
Total deferred tax liabilities	$	(8,539)	$	(3,481)
Less: Valuation allowance	(294,150)		(245,633)
Net deferred tax assets	$	—	$	—

Schedule of Unrecognized Tax Benefits Roll Forward

The following table reflects changes in gross unrecognized tax benefits for the years ended December 31, 2021 and 2020 (in thousands):


	December 31,
	2021		2020
Unrecognized tax benefits at beginning of year	$	13,993	$	10,743
Gross increases—current year positions	4,842		3,250
Gross decreases—prior year positions	(6,377)		$	—
Unrecognized tax benefits at end of year	$	12,458	$	13,993

Summary of Income Tax Examinations

As of December 31, 2021, the open tax years for the Company’s major tax jurisdictions are as follows:


Jurisdiction			Tax Years
U.S. Federal			2017-2020
U.S. State			2017-2020
Netherlands			2019-2020