Balance Sheet Components (Tables)

3 Months Ended

Mar. 31, 2022

Balance Sheet Components Disclosure [Abstract]

Summary of Content Assets

Content assets consisted of the following:

	As of
	March 31, 2022		December 31, 2021
	(in thousands)
Licensed content, net	$	12,923,692	$	13,799,221
Produced content, net
Released, less amortization	7,111,245		6,877,743
In production	10,175,960		9,235,975
In development and pre-production	981,023		1,006,600
	18,268,228		17,120,318
Content assets, net	$	31,191,920	$	30,919,539

Summary of Amortization of Streaming Content Assets

The following tables represent the amortization of content assets:

	Three Months Ended
	March 31, 2022		March 31, 2021
	(in thousands)
Licensed content	$	1,884,438	$	1,829,246
Produced content	1,281,927		889,950
Total	$	3,166,365	$	2,719,196

Summary of Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of
	March 31, 2022		December 31, 2021		Estimated Useful Lives
	(in thousands)
Land	$	82,381	$	82,381
Buildings	48,625		48,123		30 years
Leasehold improvements	983,209		863,342		Over life of lease
Furniture and fixtures	147,059		139,809		3 years
Information technology	448,608		380,452		3 years
Corporate aircraft	110,978		110,978		8 years
Machinery and equipment	32,613		32,426		3-5 years
Capital work-in-progress	220,422		282,248
Property and equipment, gross	2,073,895		1,939,759
Less: Accumulated depreciation	(690,132)		(616,306)
Property and equipment, net	$	1,383,763	$	1,323,453

Summary of 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, 2022		March 31, 2021
	(in thousands)
Cash paid for operating lease liabilities	$	103,141	$	82,439
Right-of-use assets obtained in exchange for new operating lease obligations	141,298		49,445

	As of
	March 31, 2022		December 31, 2021
	(in thousands)
Operating lease right-of-use assets, net	$	2,483,778	$	2,446,573
Current operating lease liabilities	330,936		315,189
Non-current operating lease liabilities	2,434,078		2,408,486
Total operating lease liabilities	$	2,765,014	$	2,723,675

Summary of Other Current Assets

Other current assets consisted of the following:

	As of
	March 31, 2022		December 31, 2021
	(in thousands)
Trade receivables	$	824,650	$	804,320
Prepaid expenses	419,134		323,818
Other	845,285		913,883
Total other current assets	$	2,089,069	$	2,042,021