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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 Ended |  | Six 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 content | 1,885,199 |  |  | 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 Ended |  | Six 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 obligations | 160,812 |  |  | 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 liabilities | 417,009 |  |  | 383,312 |
Non-current operating lease liabilities | 2,127,120 |  |  | 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 |

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