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Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 7,662,788 $ 5,147,176
Short-term investments 914,201 911,276
Other current assets 2,929,347 3,208,021
Total current assets 11,506,336 9,266,473
Content assets, net 32,520,774 32,736,713
Property and equipment, net 1,471,968 1,398,257
Other non-current assets 5,318,395 5,193,325
Total assets 50,817,473 48,594,768
Current liabilities:    
Current content liabilities 4,440,412 4,480,150
Accounts payable 615,374 671,513
Accrued expenses and other liabilities 1,908,714 1,514,650
Deferred revenue 1,311,918 1,264,661
Short-term debt 399,387 0
Total current liabilities 8,675,805 7,930,974
Non-current content liabilities 2,849,387 3,081,277
Long-term debt 14,070,151 14,353,076
Other non-current liabilities 2,389,915 2,452,040
Total liabilities 27,985,258 27,817,367
Commitments and contingencies (Note 7)
Stockholders’ equity:    
Common stock, $0.001 par value; 4,990,000,000 shares authorized at June 30, 2023 and December 31, 2022; 443,146,751 and 445,346,776 issued and outstanding at June 30, 2023 and December 31, 2022, respectively 4,874,208 4,637,601
Treasury stock at cost (4,635,858 and 1,564,478 shares at June 30, 2023 and December 31, 2022, respectively) (1,876,753) (824,190)
Accumulated other comprehensive loss (139,266) (217,306)
Retained earnings 19,974,026 17,181,296
Total stockholders’ equity 22,832,215 20,777,401
Total liabilities and stockholders’ equity $ 50,817,473 $ 48,594,768