Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2020

Balance Sheet Components Disclosure [Abstract]

Content Assets

Content assets consisted of the following:

	As of
	September 30, 2020		December 31, 2019
	(in thousands)
Licensed content, net	$	14,297,143	$	14,703,352
Produced content, net
Released, less amortization	5,186,247		4,382,685
In production	4,696,990		4,750,664
In development and pre-production	887,253		667,866
	10,770,490		9,801,215
Total	$	25,067,633	$	24,504,567

Schedule of Amortization of Streaming Content Assets

The following table represents the amortization of content assets:

	Three Months Ended
	September 30, 2020		September 30, 2019
	(in thousands)
Licensed content	$	1,885,259	$	1,810,757
Produced content	848,484		469,220
Total	$	2,733,743	$	2,279,977

	Nine Months Ended
	September 30, 2020		September 30, 2019
	(in thousands)
Licensed content	$	5,628,499	$	5,382,225
Produced content	2,195,788		1,254,353
Total	$	7,824,287	$	6,636,578

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of
	September 30, 2020			December 31, 2019			Estimated Useful Lives
	(in thousands)
Land	$	13,560		$	6,125
Buildings	41,894			33,141			30 years
Leasehold improvements	387,172			354,999			Over life of lease
Furniture and fixtures	95,240			87,465			3-15 years
Information technology	264,358			243,565			3 years
Corporate aircraft	110,621			108,995			8 years
Machinery and equipment	44,111			46,415			3-5 years
Capital work-in-progress	345,347			100,521
Property and equipment, gross	1,302,303			981,226
Less: Accumulated depreciation	(474,185		)	(416,005		)
Property and equipment, net	$	828,118		$	565,221

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
	September 30, 2020		September 30, 2019
	(in thousands)
Cash paid for operating lease liabilities	$	70,917	$	51,767
Right-of-use assets obtained in exchange for new operating lease obligations	175,901		77,549

	Nine Months Ended
	September 30, 2020		September 30, 2019
	(in thousands)
Cash paid for operating lease liabilities	$	187,880	$	130,740
Right-of-use assets obtained in exchange for new operating lease obligations (1)	592,331		1,150,443

(1) In the nine months ended September 30, 2019, the balance includes $743 million for operating leases existing on January 1, 2019.

Other Current Assets

Other current assets consisted of the following:

	As of
	September 30, 2020		December 31, 2019
	(in thousands)
Trade receivables	$	604,789	$	454,399
Prepaid expenses	209,218		180,999
Other	620,082		524,669
Total other current assets	$	1,434,089	$	1,160,067