v3.24.2
Balance Sheet Components (Tables)
 6 Months Ended
Jun. 30, 2024
Balance Sheet Related Disclosures [Abstract]  
Schedule off Content Assets
Content assets consisted of the following:
As of
June 30,
2024		December 31,
2023
(in thousands)
Licensed content, net
$12,358,540 $12,722,701 
Produced content, net
Released, less amortization
10,033,753 9,843,150 
In production
8,810,544 8,247,578 
In development and pre-production
724,518 844,627 
19,568,815 18,935,355 

Content assets, net
$31,927,355 $31,658,056 
Schedule of Amortization of Streaming Content Assets
The following table represents the amortization of content assets:
Three Months EndedSix Months Ended
 June 30,
2024		June 30,
2023		June 30,
2024		June 30,
2023
(in thousands)
Licensed content$1,884,491 $1,779,321 $3,719,608 $3,502,999 
Produced content1,885,199 1,630,700 3,720,887 3,367,006 
Total$3,769,690 $3,410,021 $7,440,495 $6,870,005 
Schedule of Property and Equipment, Net
Property and equipment and accumulated depreciation consisted of the following:
As of
June 30,
2024		December 31,
2023		Estimated Useful Lives
(in thousands)
Land
$85,000 $85,000 
Buildings and improvements
384,312 154,165 30 years
Leasehold improvements
1,048,874 1,032,492 Over life of lease
Furniture and fixtures
144,030 144,737 
3 years
Information technology
411,448 414,092 3 years
Corporate aircraft
99,175 99,175 
8-10 years
Machinery and equipment
11,572 10,334 
3-5 years
Capital work-in-progress
241,274 406,492 
Property and equipment, gross
2,425,685 2,346,487 
Less: Accumulated depreciation
(914,727)(855,043)
Property and equipment, net
$1,510,958 $1,491,444 
Schedule 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 EndedSix Months Ended
June 30,
2024		June 30,
2023		June 30,
2024		June 30,
2023
(in thousands)
Cash paid for operating lease liabilities$130,104 $114,760 $255,410 $228,167 
Right-of-use assets obtained in exchange for new operating lease obligations160,812 91,572 344,774 112,466 
As of
June 30,
2024		December 31,
2023
(in thousands)
Operating lease right-of-use assets, net$2,223,261 $2,076,899 
Current operating lease liabilities417,009 383,312 
Non-current operating lease liabilities2,127,120 2,046,801 
Total operating lease liabilities$2,544,129 $2,430,113 
Schedule of Other Current Assets
Other current assets consisted of the following:
As of
June 30,
2024		December 31,
2023
(in thousands)
Trade receivables
$1,276,359 $1,287,054 
Prepaid expenses
445,622 408,936 
Other
1,237,660 1,084,257 
Total other current assets
$2,959,641 $2,780,247