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Balance Sheet Components (Tables)
9 Months Ended
Sep. 30, 2022
Balance Sheet Components Disclosure [Abstract]  
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 
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 content1,685,872 997,537 
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 content4,329,365 2,809,652 
Total$10,081,305 $8,489,050 
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 
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 obligations2,938 252,377 

Nine Months Ended
September 30, 2022September 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 obligations183,540 485,173 
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 liabilities334,339 315,189 
Non-current operating lease liabilities2,209,725 2,408,486 
Total operating lease liabilities$2,544,064 $2,723,675 
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