Balance Sheet Components (Tables)

9 Months Ended

Sep. 30, 2021

Balance Sheet Components Disclosure [Abstract]

Content Assets

Content assets consisted of the following:

	As of
	September 30, 2021		December 31, 2020
	(in thousands)
Licensed content, net	$	13,111,028	$	13,747,607
Produced content, net
Released, less amortization	6,093,870		5,809,681
In production	8,842,122		4,827,455
In development and pre-production	927,025		999,207
	15,863,017		11,636,343
Content assets, net	$	28,974,045	$	25,383,950

Schedule of Amortization of Streaming Content Assets

The following tables represent the amortization of content assets:

	Three Months Ended
	September 30, 2021		September 30, 2020
	(in thousands)
Licensed content	$	1,965,514	$	1,885,259
Produced content	997,537		848,484
Total	$	2,963,051	$	2,733,743

	Nine Months Ended
	September 30, 2021		September 30, 2020
	(in thousands)
Licensed content	$	5,679,398	$	5,628,499
Produced content	2,809,652		2,195,788
Total	$	8,489,050	$	7,824,287

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of
	September 30, 2021		December 31, 2020		Estimated Useful Lives
	(in thousands)
Land	$	57,386	$	50,700
Buildings	48,060		42,717		30 years
Leasehold improvements	808,312		524,537		Over life of lease
Furniture and fixtures	136,076		110,185		3 years
Information technology	356,953		283,014		3 years
Corporate aircraft	110,785		110,629		8 years
Machinery and equipment	33,546		34,633		3-5 years
Capital work-in-progress	262,367		298,558
Property and equipment, gross	1,813,485		1,454,973
Less: Accumulated depreciation	(593,371)		(494,790)
Property and equipment, net	$	1,220,114	$	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
	September 30, 2021		September 30, 2020
	(in thousands)
Cash paid for operating lease liabilities	$	89,916	$	70,917
Right-of-use assets obtained in exchange for new operating lease obligations	252,377		175,901

	Nine Months Ended
	September 30, 2021		September 30, 2020
	(in thousands)
Cash paid for operating lease liabilities	$	251,827	$	187,880
Right-of-use assets obtained in exchange for new operating lease obligations	485,173		592,331

	As of
	September 30, 2021		December 31, 2020
	(in thousands)
Operating lease right-of-use assets, net	$	2,249,458	$	2,037,726
Current operating lease liabilities	291,128		256,222
Non-current operating lease liabilities	2,222,316		1,945,631
Total operating lease liabilities	$	2,513,444	$	2,201,853

Schedule of Other Current Assets

Other current assets consisted of the following:

	As of
	September 30, 2021		December 31, 2020
	(in thousands)
Trade receivables	$	782,350	$	610,819
Prepaid expenses	305,091		203,042
Other	801,665		742,169
Total other current assets	$	1,889,106	$	1,556,030