Balance Sheet Components (Tables)

6 Months Ended

Jun. 30, 2019

Balance Sheet Components Disclosure [Abstract]

Content Assets

Content assets consisted of the following:

	As of
	June 30, 2019		December 31, 2018
	(in thousands)
Licensed content, net	$	14,597,283	$	14,081,463
Produced content, net
Released, less amortization	3,117,549		2,403,896
In production	3,743,893		3,305,126
In development and pre-production	479,120		311,842
	7,340,562		6,020,864
DVD, net	7,895		9,813
Total	$	21,945,740	$	20,112,140

Schedule of Amortization of Streaming Content Assets

The following table represents the amortization of streaming content assets:

	Three Months Ended
	June 30, 2019		June 30, 2018
	(in thousands)
Licensed content	$	1,797,179	$	1,581,536
Produced content	434,736		236,281
Total streaming content	$	2,231,915	$	1,817,817

	Six Months Ended
	June 30, 2019		June 30, 2018
	(in thousands)
Licensed content	$	3,571,468	$	3,138,960
Produced content	785,133		427,701
Total streaming content	$	4,356,601	$	3,566,661

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of
	June 30, 2019			December 31, 2018			Estimated Useful Lives
	(in thousands)
Leasehold improvements	304,189			282,028			Over life of lease
Information technology	239,241			224,296			3 years
Furniture and fixtures	76,588			63,667			3-15 years
Buildings	32,787			73,468			30 years
Corporate aircraft	104,985			62,560			8 years
DVD operations equipment	45,437			53,416			5 years
Machinery and equipment	4,398			1,692			3 years
Land	6,125			6,125
Capital work-in-progress	23,761			19,548
Property and equipment, gross	837,511			786,800
Less: Accumulated depreciation	(385,112		)	(368,519		)
Property and equipment, net	$	452,399		$	418,281

Lease, Cost

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

	Three Months Ended		Six Months Ended
	June 30, 2019		June 30, 2019
	(in thousands)
Cash paid for operating lease liabilities	$	41,320	$	78,973
Right-of-use assets obtained in exchange for new operating lease obligations (1)	230,499		1,072,894

(1) Six-month ended balance includes $743 million for operating leases existing on January 1, 2019.

	As of
	June 30, 2019
Weighted-average remaining lease term	8.5 years
Weighted-average discount rate	5.4	%

Maturities of lease liabilities as of June 30, 2019 were as follows (in thousands):

Due in 12 month period ended June 30,
2020	$	185,631
2021	172,295
2022	168,560
2023	147,740
2024	137,937
Thereafter	572,524
	1,384,687
Less imputed interest	(300,705		)
Total lease liabilities	1,083,982
Current operating lease liabilities	137,662
Non-current operating lease liabilities	946,320
Total lease liabilities	$	1,083,982

Other Current Assets

Other current assets consisted of the following:

	As of
	June 30, 2019		December 31, 2018
	(in thousands)
Trade receivables	$	492,034	$	362,712
Prepaid expenses	184,039		178,833
Other	196,837		206,921
Total other current assets	$	872,910	$	748,466