Balance Sheet Components (Tables)
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9 Months Ended |
Sep. 30, 2022 |
Balance Sheet Components Disclosure [Abstract] |
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Summary of Content Assets |
Content assets consisted of the following: | | | | | | | | | | | | | As of | | September 30, 2022 | | December 31, 2021 | | (in thousands) | Licensed content, net | $ | 12,571,064 | | | $ | 13,799,221 | | | | | | Produced content, net | | | | Released, less amortization | 7,936,197 | | | 6,877,743 | | In production | 11,484,835 | | | 9,235,975 | | In development and pre-production | 785,244 | | | 1,006,600 | | | 20,206,276 | | | 17,120,318 | |
| | | | Content assets, net | $ | 32,777,340 | | | $ | 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 | | September 30, 2022 | | September 30, 2021 | | (in thousands) | Licensed content | $ | 1,967,720 | | | $ | 1,965,514 | | Produced content | 1,685,872 | | | 997,537 | | Total | $ | 3,653,592 | | | $ | 2,963,051 | |
| | | | | | | | | | | | | Nine Months Ended | | September 30, 2022 | | September 30, 2021 | | (in thousands) | Licensed content | $ | 5,751,940 | | | $ | 5,679,398 | | Produced content | 4,329,365 | | | 2,809,652 | | Total | $ | 10,081,305 | | | $ | 8,489,050 | |
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Summary of Property and Equipment, Net |
Property and equipment and accumulated depreciation consisted of the following: | | | | | | | | | | | | | | | | | | | | | | | As of | | | | | September 30, 2022 | | December 31, 2021 | | Estimated Useful Lives | | | (in thousands) | | | Land | | $ | 84,726 | | | $ | 82,381 | | | | Buildings | | 50,026 | | | 48,123 | | | 30 years | Leasehold improvements | | 1,037,193 | | | 863,342 | | | Over life of lease | Furniture and fixtures | | 154,980 | | | 139,809 | | | 3 years | Information technology | | 427,223 | | | 380,452 | | | 3 years | Corporate aircraft | | 110,978 | | | 110,978 | | | 8 years | Machinery and equipment | | 27,277 | | | 32,426 | | | 3-5 years | Capital work-in-progress | | 190,373 | | | 282,248 | | | | Property and equipment, gross | | 2,082,776 | | | 1,939,759 | | | | Less: Accumulated depreciation | | (710,022) | | | (616,306) | | | | Property and equipment, net | | $ | 1,372,754 | | | $ | 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 | | September 30, 2022 | | September 30, 2021 | | (in thousands) | Cash paid for operating lease liabilities | $ | 105,848 | | | $ | 89,916 | | Right-of-use assets obtained in exchange for new operating lease obligations | 2,938 | | | 252,377 | |
| | | | | | | | | | | | | Nine Months Ended | | September 30, 2022 | | September 30, 2021 | | (in thousands) | Cash paid for operating lease liabilities | $ | 308,747 | | | $ | 251,827 | | Right-of-use assets obtained in exchange for new operating lease obligations | 183,540 | | | 485,173 | |
| | | | | | | | | | | | | As of | | September 30, 2022 | | December 31, 2021 | | (in thousands) | Operating lease right-of-use assets, net | $ | 2,211,507 | | | $ | 2,446,573 | | | | | | Current operating lease liabilities | 334,339 | | | 315,189 | | Non-current operating lease liabilities | 2,209,725 | | | 2,408,486 | | Total operating lease liabilities | $ | 2,544,064 | | | $ | 2,723,675 | |
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Summary of Other Current Assets |
Other current assets consisted of the following: | | | | | | | | | | | | | | | | | As of | | | September 30, 2022 | | December 31, 2021 | | | (in thousands) | Trade receivables | | $ | 875,042 | | | $ | 804,320 | | Prepaid expenses | | 391,832 | | | 323,818 | | Other | | 1,436,296 | | | 913,883 | | Total other current assets | | $ | 2,703,170 | | | $ | 2,042,021 | |
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