Accounts Receivable, net: Accounts receivable, net consisted of the following (in thousands):


	As of December 31,
	2023		2022
Accounts receivable, gross	$	850,464	$	800,984
Less: Allowances
Allowance for sales returns	7,808		7,417
Allowance for sales incentives	23,024		28,903
Allowance for doubtful accounts	2,213		3,498
Other allowances	1,082		373
Total allowances	34,127		40,191
Accounts receivable, net	$	816,337	$	760,793

Property and Equipment, net: Property and equipment, net consisted of the following (in thousands):


	As of December 31,
	2023		2022
Computers and equipment	$	51,320	$	45,989
Leasehold improvements	292,418		353,245
Internal-use software	6,980		7,274
Office equipment and furniture	36,900		28,614
Property and equipment, gross	387,618		435,122
Accumulated depreciation and amortization	(123,062)		(100,091)
Property and equipment, net	$	264,556	$	335,031

Depreciation and amortization expense for property and equipment assets for the years ended December 31, 2023, 2022, and 2021 was $53.3 million, $31.0 million, and $25.4 million, respectively.

During the year ended December 31, 2023, the Company recognized an impairment charge of $72.3 million related to property and equipment associated with the leased office facilities that are part of its restructuring efforts. See Note 17 for additional details.

Accrued Liabilities: Accrued liabilities consisted of the following (in thousands):


	As of December 31,
	2023		2022
Payments due to content partners	$	239,196	$	201,054
Accrued cost of revenue	147,875		105,347
Marketing, retail and merchandising expenses	147,853		163,367
Operating lease liability, current	68,099		54,689
Content liability, current	54,319		88,717
Other accrued expenses	130,698		137,636
Total Accrued liabilities	$	788,040	$	750,810

Deferred Revenue: Deferred revenue consisted of the following (in thousands):


	As of December 31,
	2023		2022
Platform, current	$	66,636	$	59,276
Devices, current	35,521		28,402
Total deferred revenue, current	102,157		87,678
Platform, non-current	625		969
Devices, non-current	23,947		27,241
Total deferred revenue, non-current	24,572		28,210
Total Deferred revenue	$	126,729	$	115,888

Other Long-term Liabilities: Other Long-term liabilities consisted of the following (in thousands):


	As of December 31,
	2023		2022
Content liability, non-current	$	24,115	$	39,587
Other long-term liabilities	25,071		30,324
Total Other long-term liabilities	$	49,186	$	69,911