Balance Sheet Components (Tables)
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6 Months Ended |
Jun. 30, 2022 |
Balance Sheet Components Disclosure [Abstract] |
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Summary of Content Assets |
Content assets consisted of the following: | | | | | | | | | | | | | As of | | June 30, 2022 | | December 31, 2021 | | (in thousands) | Licensed content, net | $ | 13,025,936 | | | $ | 13,799,221 | | | | | | Produced content, net | | | | Released, less amortization | 7,308,112 | | | 6,877,743 | | In production | 11,411,491 | | | 9,235,975 | | In development and pre-production | 787,660 | | | 1,006,600 | | | 19,507,263 | | | 17,120,318 | |
| | | | Content assets, net | $ | 32,533,199 | | | $ | 30,919,539 | | | | | |
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Summary of Amortization of Streaming Content Assets |
The following tables represent the amortization of content assets: | | | | | | | | | | | | | Three Months Ended | | June 30, 2022 | | June 30, 2021 | | (in thousands) | Licensed content | $ | 1,899,782 | | | $ | 1,884,638 | | Produced content | 1,361,566 | | | 922,165 | | Total | $ | 3,261,348 | | | $ | 2,806,803 | |
| | | | | | | | | | | | | Six Months Ended | | June 30, 2022 | | June 30, 2021 | | (in thousands) | Licensed content | $ | 3,784,220 | | | $ | 3,713,884 | | Produced content | 2,643,493 | | | 1,812,115 | | Total | $ | 6,427,713 | | | $ | 5,525,999 | |
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Summary of Property and Equipment, Net |
Property and equipment and accumulated depreciation consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | As of | | | | | June 30, 2022 | | December 31, 2021 | | Estimated Useful Lives | | | (in thousands) | | | Land | | $ | 84,726 | | | $ | 82,381 | | | | Buildings | | 50,026 | | | 48,123 | | | 30 years | Leasehold improvements | | 984,914 | | | 863,342 | | | Over life of lease | Furniture and fixtures | | 150,978 | | | 139,809 | | | 3 years | Information technology | | 422,044 | | | 380,452 | | | 3 years | Corporate aircraft | | 110,978 | | | 110,978 | | | 8 years | Machinery and equipment | | 27,059 | | | 32,426 | | | 3-5 years | Capital work-in-progress | | 196,091 | | | 282,248 | | | | Property and equipment, gross | | 2,026,816 | | | 1,939,759 | | | | Less: Accumulated depreciation | | (664,896) | | | (616,306) | | | | Property and equipment, net | | $ | 1,361,920 | | | $ | 1,323,453 | | | |
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Summary of Information on Right-of-Use Assets and Lease Liabilities |
Information related to the Company's operating right-of-use assets and related operating lease liabilities were as follows: | | | | | | | | | | | | | Three Months Ended | | June 30, 2022 | | June 30, 2021 | | (in thousands) | Cash paid for operating lease liabilities | $ | 99,758 | | | $ | 79,472 | | Right-of-use assets obtained in exchange for new operating lease obligations | 39,304 | | | 183,351 | |
| | | | | | | | | | | | | Six Months Ended | | June 30, 2022 | | June 30, 2021 | | (in thousands) | Cash paid for operating lease liabilities | $ | 202,899 | | | $ | 161,911 | | Right-of-use assets obtained in exchange for new operating lease obligations | 180,602 | | | 232,796 | |
| | | | | | | | | | | | | As of | | June 30, 2022 | | December 31, 2021 | | (in thousands) | Operating lease right-of-use assets, net | $ | 2,341,422 | | | $ | 2,446,573 | | | | | | Current operating lease liabilities | 336,925 | | | 315,189 | | Non-current operating lease liabilities | 2,338,829 | | | 2,408,486 | | Total operating lease liabilities | $ | 2,675,754 | | | $ | 2,723,675 | |
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Summary of Other Current Assets |
Other current assets consisted of the following: | | | | | | | | | | | | | | | | | As of | | | June 30, 2022 | | December 31, 2021 | | | (in thousands) | Trade receivables | | $ | 765,386 | | | $ | 804,320 | | Prepaid expenses | | 368,303 | | | 323,818 | | Other | | 887,640 | | | 913,883 | | Total other current assets | | $ | 2,021,329 | | | $ | 2,042,021 | |
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