v3.24.3
Balance Sheet Components (Tables)
 9 Months Ended
Sep. 30, 2024
Balance Sheet Related Disclosures [Abstract]  
Schedule off Content Assets
Content assets consisted of the following:
As of
September 30,
2024		December 31,
2023
(in thousands)
Licensed content, net
$12,307,674 $12,722,701 
Produced content, net
Released, less amortization
10,025,304 9,843,150 
In production
9,197,715 8,247,578 
In development and pre-production
644,689 844,627 
19,867,708 18,935,355 

Content assets, net
$32,175,382 $31,658,056 
Schedule of Amortization of Streaming Content Assets
The following table represents the amortization of content assets:
Three Months EndedNine Months Ended
 September 30,
2024		September 30,
2023		September 30,
2024		September 30,
2023
(in thousands)
Licensed content$1,814,040 $1,777,701 $5,533,648 $5,280,700 
Produced content1,885,481 1,795,652 5,606,368 5,162,658 
Total$3,699,521 $3,573,353 $11,140,016 $10,443,358 
Schedule of Property and Equipment, Net
Property and equipment and accumulated depreciation consisted of the following:
As of
September 30,
2024		December 31,
2023		Estimated Useful Lives
(in thousands)
Land
$85,000 $85,000 
Buildings and improvements
471,620 154,165 30 years
Leasehold improvements
1,049,510 1,032,492 Over life of lease
Furniture and fixtures
137,468 144,737 
3 years
Information technology
432,078 414,092 3 years
Corporate aircraft
99,175 99,175 
8-10 years
Machinery and equipment
13,035 10,334 
3-5 years
Capital work-in-progress
202,652 406,492 
Property and equipment, gross
2,490,538 2,346,487 
Less: Accumulated depreciation
(922,326)(855,043)
Property and equipment, net
$1,568,212 $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 EndedNine Months Ended
September 30,
2024		September 30,
2023		September 30,
2024		September 30,
2023
(in thousands)
Cash paid for operating lease liabilities$128,917 $110,959 $384,327 $339,126 
Right-of-use assets obtained in exchange for new operating lease obligations51,587 49,238 396,361 161,704 
As of
September 30,
2024		December 31,
2023
(in thousands)
Operating lease right-of-use assets, net$2,214,458 $2,076,899 
Current operating lease liabilities432,661 383,312 
Non-current operating lease liabilities2,094,659 2,046,801 
Total operating lease liabilities$2,527,320 $2,430,113 
Schedule of Other Current Assets
Other current assets consisted of the following:
As of
September 30,
2024		December 31,
2023
(in thousands)
Trade receivables
$1,217,659 $1,287,054 
Prepaid expenses
435,730 408,936 
Other
1,251,783 1,084,257 
Total other current assets
$2,905,172 $2,780,247