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Balance Sheet Components (Tables)
6 Months Ended
Jun. 30, 2022
Balance Sheet Components Disclosure [Abstract]  
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 
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 content1,361,566 922,165 
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 content2,643,493 1,812,115 
Total$6,427,713 $5,525,999 
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 
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 obligations39,304 183,351 

Six Months Ended
June 30, 2022June 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 obligations180,602 232,796 
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 liabilities336,925 315,189 
Non-current operating lease liabilities2,338,829 2,408,486 
Total operating lease liabilities$2,675,754 $2,723,675 
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