Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2021

Balance Sheet Components Disclosure [Abstract]

Content Assets

Content assets consisted of the following:

	As of
	March 31, 2021		December 31, 2020
	(in thousands)
Licensed content, net	$	13,351,416	$	13,747,607
Produced content, net
Released, less amortization	5,671,182		5,809,681
In production	6,030,349		4,827,455
In development and pre-production	991,044		999,207
	12,692,575		11,636,343
Content assets, net	$	26,043,991	$	25,383,950

Schedule of Amortization of Streaming Content Assets

The following table represents the amortization of content assets:

	Three Months Ended
	March 31, 2021		March 31, 2020
	(in thousands)
Licensed content	$	1,829,246	$	1,860,170
Produced content	889,950		623,215
Total	$	2,719,196	$	2,483,385

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of
	March 31, 2021		December 31, 2020		Estimated Useful Lives
	(in thousands)
Land	$	51,154	$	50,700
Buildings	43,840		42,717		30 years
Leasehold improvements	531,507		524,537		Over life of lease
Furniture and fixtures	108,495		110,185		3-15 years
Information technology	289,813		283,014		3 years
Corporate aircraft	110,862		110,629		8 years
Machinery and equipment	34,236		34,633		3-5 years
Capital work-in-progress	366,056		298,558
Property and equipment, gross	1,535,963		1,454,973
Less: Accumulated depreciation	(520,544)		(494,790)
Property and equipment, net	$	1,015,419	$	960,183

Information on Right-of-Use Assets and Lease Liabilities

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

	Three Months Ended
	March 31, 2021		March 31, 2020
	(in thousands)
Cash paid for operating lease liabilities	$	82,439	$	57,490
Right-of-use assets obtained in exchange for new operating lease obligations	49,445		51,824

	As of
	March 31, 2021		December 31, 2020
	(in thousands)
Operating lease right-of-use assets, net	$	2,007,729	$	2,037,726
Current operating lease liabilities	268,087		256,222
Non-current operating lease liabilities	1,911,892		1,945,631
Total operating lease liabilities	$	2,179,979	$	2,201,853

Other Current Assets

Other current assets consisted of the following:

	As of
	March 31, 2021		December 31, 2020
	(in thousands)
Trade receivables	$	807,036	$	610,819
Prepaid expenses	273,527		203,042
Other	623,240		742,169
Total other current assets	$	1,703,803	$	1,556,030