Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2019

Balance Sheet Components Disclosure [Abstract]

Content Assets

Content assets consisted of the following:

	As of
	September 30, 2019		December 31, 2018
	(in thousands)
Licensed content, net	$	14,581,407	$	14,081,463
Produced content, net
Released, less amortization	3,646,870		2,403,896
In production	4,411,581		3,305,126
In development and pre-production	587,914		311,842
	8,646,365		6,020,864
DVD, net	7,222		9,813
Total	$	23,234,994	$	20,112,140

Schedule of Amortization of Streaming Content Assets

The following table represents the amortization of streaming content assets:

	Three Months Ended
	September 30, 2019		September 30, 2018
	(in thousands)
Licensed content	$	1,810,757	$	1,671,516
Produced content	469,220		240,251
Total streaming content	$	2,279,977	$	1,911,767

	Nine Months Ended
	September 30, 2019		September 30, 2018
	(in thousands)
Licensed content	$	5,382,225	$	4,810,476
Produced content	1,254,353		667,952
Total streaming content	$	6,636,578	$	5,478,428

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of
	September 30, 2019			December 31, 2018			Estimated Useful Lives
	(in thousands)
Leasehold improvements	$	323,630		$	282,028		Over life of lease
Information technology	239,472			224,296			3 years
Furniture and fixtures	84,322			63,667			3-15 years
Buildings	32,950			73,468			30 years
Corporate aircraft	104,985			62,560			8 years
DVD operations equipment	45,163			53,416			5 years
Machinery and equipment	4,512			1,692			3 years
Land	6,125			6,125
Capital work-in-progress	43,437			19,548
Property and equipment, gross	884,596			786,800
Less: Accumulated depreciation	(402,604		)	(368,519		)
Property and equipment, net	$	481,992		$	418,281

Information on Right-of-Use Assets and Lease Liabilities

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

	Three Months Ended		Nine Months Ended
	September 30, 2019		September 30, 2019
	(in thousands)
Cash paid for operating lease liabilities	$	51,767	$	130,740
Right-of-use assets obtained in exchange for new operating lease obligations (1)	77,549		1,150,443

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

	As of
	September 30, 2019
Weighted-average remaining lease term	8.2 years
Weighted-average discount rate	5.3	%

Maturities of Lease Liabilities

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

Due in 12 month period ended September 30,
2020	$	210,160
2021	193,616
2022	167,166
2023	145,677
2024	135,489
Thereafter	560,518
	1,412,626
Less imputed interest	(299,007		)
Total lease liabilities	1,113,619
Current operating lease liabilities	160,941
Non-current operating lease liabilities	952,678
Total lease liabilities	$	1,113,619

Other Current Assets

Other current assets consisted of the following:

	As of
	September 30, 2019		December 31, 2018
	(in thousands)
Trade receivables	$	466,168	$	362,712
Prepaid expenses	187,865		178,833
Other	238,707		206,921
Total other current assets	$	892,740	$	748,466