Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2019

Balance Sheet Components Disclosure [Abstract]

Content assets consisted of the following:



	As of
	March 31, 2019		December 31, 2018
	(in thousands)
Licensed content, net	$	14,297,658	$	14,081,463

Produced content, net
Released, less amortization	2,737,677		2,403,896
In production	3,494,467		3,305,126
In development and pre-production	348,515		311,842
	6,580,659		6,020,864
DVD, net	10,468		9,813
Total	$	20,888,785	$	20,112,140

Schedule of Amortization of Streaming Content Assets

The following table represents the amortization of streaming content assets:



	Three Months Ended
	March 31, 2019		March 31, 2018
	(in thousands)
Licensed content	$	1,774,289	$	1,557,424
Produced content	350,397		191,420
Total streaming content	$	2,124,686	$	1,748,844

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:



	As of
	March 31, 2019			December 31, 2018			Estimated Useful Lives
	(in thousands)
Leasehold improvements	294,358			282,028			Over life of lease
Information technology	229,168			224,296			3 years
Furniture and fixtures	70,125			63,667			3-15 years
Buildings	32,787			73,468			30 years
Corporate aircraft	99,009			62,560			8 years
DVD operations equipment	53,416			53,416			5 years
Machinery and equipment	2,117			1,692			3 years
Land	6,125			6,125
Capital work-in-progress	18,290			19,548
Property and equipment, gross	805,395			786,800
Less: Accumulated depreciation	(371,023		)	(368,519		)
Property and equipment, net	$	434,372		$	418,281

Lease, Cost

Information related to the Company's right-of-use assets and related lease liabilities were as follows:



	Three Months Ended
	March 31, 2019
	(in thousands)
Cash paid for operating lease liabilities	$	37,653
Right-of-use assets obtained in exchange for new operating lease obligations ⁽¹⁾	842,395
Weighted-average remaining lease term	8.5 years
Weighted-average discount rate	5.7		%

(1) Includes $743 million for operating leases existing on January 1, 2019 and $99 million for operating leases that commenced in the first quarter of 2019.

Maturities of lease liabilities as of March 31, 2019 were as follows (in thousands):



Due in 12 month period ended March 31,
2020	167,238
2021	142,248
2022	133,824
2023	113,437
2024	109,572
Thereafter	477,116
	1,143,435
Less imputed interest	(255,913	)
Total lease liabilities	887,522

Current operating lease liabilities	122,498
Non-current operating lease liabilities	765,024
Total lease liabilities	887,522

Other Current Assets

Other current assets consisted of the following:



	As of
	March 31, 2019		December 31, 2018
	(in thousands)
Trade receivables	$	432,955	$	362,712
Prepaid expenses	177,460		178,833
Other	209,935		206,921
Total other current assets	$	820,350	$	748,466