Balance Sheet Components (Tables)

6 Months Ended

Jun. 30, 2021

Balance Sheet Components Disclosure [Abstract]

Content Assets

Content assets consisted of the following:

	As of
	June 30, 2021		December 31, 2020
	(in thousands)
Licensed content, net	$	13,111,259	$	13,747,607
Produced content, net
Released, less amortization	5,847,391		5,809,681
In production	7,348,810		4,827,455
In development and pre-production	984,180		999,207
	14,180,381		11,636,343
Content assets, net	$	27,291,640	$	25,383,950

Schedule of Amortization of Streaming Content Assets

The following tables represent the amortization of content assets:

	Three Months Ended
	June 30, 2021		June 30, 2020
	(in thousands)
Licensed content	$	1,884,638	$	1,883,070
Produced content	922,165		724,089
Total	$	2,806,803	$	2,607,159

	Six Months Ended
	June 30, 2021		June 30, 2020
	(in thousands)
Licensed content	$	3,713,884	$	3,743,240
Produced content	1,812,115		1,347,304
Total	$	5,525,999	$	5,090,544

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of
	June 30, 2021		December 31, 2020		Estimated Useful Lives
	(in thousands)
Land	$	56,066	$	50,700
Buildings	48,007		42,717		30 years
Leasehold improvements	599,574		524,537		Over life of lease
Furniture and fixtures	115,829		110,185		3 years
Information technology	323,771		283,014		3 years
Corporate aircraft	110,864		110,629		8 years
Machinery and equipment	32,732		34,633		3-5 years
Capital work-in-progress	373,559		298,558
Property and equipment, gross	1,660,402		1,454,973
Less: Accumulated depreciation	(552,965)		(494,790)
Property and equipment, net	$	1,107,437	$	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
	June 30, 2021		June 30, 2020
	(in thousands)
Cash paid for operating lease liabilities	$	79,472	$	59,473
Right-of-use assets obtained in exchange for new operating lease obligations	183,351		364,606

	Six Months Ended
	June 30, 2021		June 30, 2020
	(in thousands)
Cash paid for operating lease liabilities	$	161,911	$	116,963
Right-of-use assets obtained in exchange for new operating lease obligations	232,796		416,430

	As of
	June 30, 2021		December 31, 2020
	(in thousands)
Operating lease right-of-use assets, net	$	2,102,676	$	2,037,726
Current operating lease liabilities	275,040		256,222
Non-current operating lease liabilities	2,042,067		1,945,631
Total operating lease liabilities	$	2,317,107	$	2,201,853

Schedule of Other Current Assets

Other current assets consisted of the following:

	As of
	June 30, 2021		December 31, 2020
	(in thousands)
Trade receivables	$	775,222	$	610,819
Prepaid expenses	294,837		203,042
Other	756,687		742,169
Total other current assets	$	1,826,746	$	1,556,030