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Balance Sheet Components
12 Months Ended
Dec. 31, 2017
Balance Sheet Components Disclosure [Abstract]  
Balance Sheet Components
Balance Sheet Components
Content Assets
Content assets consisted of the following:
 
As of December 31,
 
2017
 
2016
 
(in thousands)
 
 
 
 
Licensed content, net
$
11,771,778

 
$
9,595,315

Produced content, net
 
 
 
Released, less amortization
1,427,256

 
335,400

In production
1,311,137

 
1,010,463

In development and pre-production
158,517

 
34,215

 
2,896,910

 
1,380,078

DVD, net
13,301

 
25,415

Total
$
14,681,989

 
$
11,000,808

 
 
 
 
Current content assets, net
$
4,310,934

 
$
3,726,307

Non-current content assets, net
$
10,371,055

 
$
7,274,501


On average, over 90% of a licensed or produced streaming content asset is expected to be amortized within four years after its month of first availability.
As of December 31, 2017, over 30% of the $14.7 billion unamortized cost is expected to be amortized within one year and 29%, 78% and over 80% of the $1.4 billion unamortized cost of the produced content that has been released is expected to be amortized within one year, three years and four years, respectively.
As of December 31, 2017, the amount of accrued participations and residuals was not material.

 Property and Equipment, Net
Property and equipment and accumulated depreciation consisted of the following:
 
 
As of December 31,
 
Estimated Useful Lives (in Years)
 
 
2017
 
2016
 
 
 
(in thousands)
 
 
Information technology assets
 
$
223,850

 
$
185,345

 
3 years
Furniture and fixtures
 
49,217

 
32,185

 
3 years
Buildings
 
40,681

 
40,681

 
30 years
Leasehold improvements
 
229,848

 
107,945

 
Over life of lease
DVD operations equipment
 
59,316

 
70,152

 
5 years
Corporate aircraft
 
30,039

 

 
8 years
Capital work-in-progress
 
8,267

 
108,296

 
 
Property and equipment, gross
 
641,218

 
544,604

 
 
Less: Accumulated depreciation
 
(321,814
)
 
(294,209
)
 
 
Property and equipment, net
 
$
319,404

 
$
250,395

 
 

    
The decrease in capital work-in-progress from December 31, 2016 is primarily due to leasehold improvements for the Company's expanded Los Gatos, California headquarters and the Company's new Los Angeles, California facility, both of which were placed into operation in the first quarter of 2017.