Balance Sheet Components (Tables)

12 Months Ended

Dec. 31, 2021

Balance Sheet Related Disclosures [Abstract]

Content Assets

Content assets consisted of the following:

	As of December 31,
	2021		2020
	(in thousands)
Licensed content, net	$	13,799,221	$	13,747,607
Produced content, net
Released, less amortization	6,877,743		5,809,681
In production	9,235,975		4,827,455
In development and pre-production	1,006,600		999,207
	17,120,318		11,636,343
Content assets, net	$	30,919,539	$	25,383,950

Schedule of Amortization of Streaming Content Assets

The following table represents the amortization of content assets:

	Year ended December 31,
	2021		2020		2019
	(in thousands)
Licensed content	$	8,055,811	$	7,544,631	$	7,242,799
Produced content	4,174,556		3,262,281		1,973,448
Total	$	12,230,367	$	10,806,912	$	9,216,247

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of December 31,				Estimated Useful Lives (in Years)
	2021		2020
	(in thousands)
Land	$	82,381	$	50,700
Buildings	48,123		42,717		30 years
Leasehold improvements	863,342		524,537		Over life of lease
Furniture and fixtures	139,809		110,185		3 years
Information technology	380,452		283,014		3 years
Corporate aircraft	110,978		110,629		8 years
Machinery and equipment	32,426		34,633		3-5 years
Capital work-in-progress	282,248		298,558
Property and equipment, gross	1,939,759		1,454,973
Less: Accumulated depreciation	(616,306)		(494,790)
Property and equipment, net	$	1,323,453	$	960,183

Information on Right-of-Use Assets and Lease Liabilities

The components of lease costs for the years ended December 31, 2021, 2020 and 2019 were as follows:

	Year ended December 31,
	2021		2020		2019
	(in thousands)
Operating lease cost	$	389,805	$	323,905	$	218,142
Short-term lease cost	152,765		116,606		229,747
Total lease cost	$	542,570	$	440,511	$	447,889

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

	Year ended December 31,
	2021		2020		2019
	(in thousands)
Cash paid for operating lease liabilities	$	349,586	$	259,559	$	192,084
Right-of-use assets obtained in exchange for new operating lease obligations (1)	764,142		729,942		1,672,462

(1) Balance as of December 31, 2019 includes $743 million for operating leases existing on January 1, 2019.

	As of December 31,
	2021			2020
	(in thousands, except lease term and discount rate)
Operating lease right-of-use assets, net	$	2,446,573		$	2,037,726
Current operating lease liabilities	$	315,189		$	256,222
Non-current operating lease liabilities	2,408,486			1,945,631
Total operating lease liabilities	$	2,723,675		$	2,201,853
Weighted-average remaining lease term	9.2 years			8.9 years
Weighted-average discount rate	3.1		%	3.6		%

Maturities of Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2021 were as follows (in thousands):

Due in 12 month period ended December 31,
2022	$	395,932
2023	378,774
2024	358,442
2025	340,028
2026	335,151
Thereafter	1,332,662
	3,140,989
Less imputed interest	(417,314)
Total operating lease liabilities	2,723,675

Other Current Assets

Other current assets consisted of the following:

	As of
	December 31, 2021		December 31, 2020
	(in thousands)
Trade receivables	$	804,320	$	610,819
Prepaid expenses	323,818		203,042
Other	913,883		742,169
Total other current assets	$	2,042,021	$	1,556,030