v3.24.2.u1
Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net Loss $ (84,808) $ (301,199)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 32,280 34,181
Stock-based compensation expense 183,028 186,051
Amortization of right-of-use assets 23,767 30,532
Amortization and write-off of content assets 108,022 102,314
Foreign currency remeasurement losses 2,385 1,760
Change in fair value of the Strategic Investment (3,634) (3,090)
Impairment of assets 11,506 4,338
Provision for doubtful accounts 4,344 2,962
Other items, net (1,489) (224)
Changes in operating assets and liabilities:    
Accounts receivable 142,463 50,430
Inventories (4,222) 13,533
Prepaid expenses and other current assets (25,012) 3,736
Content assets and liabilities, net (91,226) (120,522)
Other non-current assets (17,279) 4,379
Accounts payable (108,606) 72,291
Accrued liabilities (66,715) (92,289)
Operating lease liabilities (27,751) (5,754)
Other long-term liabilities 320 (1,074)
Deferred revenue (7,284) 11,286
Net cash provided by (used in) operating activities 70,089 (6,359)
Cash flows from investing activities:    
Purchases of property and equipment (1,547) (72,316)
Purchase of Strategic Investment 0 (10,000)
Net cash used in investing activities (1,547) (82,316)
Cash flows from financing activities:    
Repayments of borrowings 0 (80,000)
Proceeds from equity issued under incentive plans 8,679 1,504
Taxes paid related to net share settlement of equity awards (41,623) 0
Net cash used in financing activities (32,944) (78,496)
Net increase (decrease) in cash, cash equivalents and restricted cash 35,598 (167,171)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (4,002) 1,189
Cash, cash equivalents and restricted cash —beginning of period 2,066,604 1,961,956
Cash, cash equivalents and restricted cash —end of period 2,098,200 1,795,974
Cash, cash equivalents and restricted cash at end of period:    
Cash and cash equivalents 2,058,465 1,755,261
Restricted cash, current 39,735 40,713
Cash, cash equivalents and restricted cash —end of period 2,098,200 1,795,974
Supplemental disclosures of cash flow information:    
Cash paid for interest 61 871
Cash paid for income taxes 6,702 3,955
Supplemental disclosures of non-cash investing and financing activities:    
Unpaid portion of property and equipment purchases $ 69 $ 4,094