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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 7,353,245 $ 5,147,176
Short-term investments 514,201 911,276
Other current assets 2,912,028 3,208,021
Total current assets 10,779,474 9,266,473
Content assets, net 31,749,861 32,736,713
Property and equipment, net 1,498,391 1,398,257
Other non-current assets 5,474,060 5,193,325
Total assets 49,501,786 48,594,768
Current liabilities:    
Current content liabilities 4,259,582 4,480,150
Accounts payable 534,429 671,513
Accrued expenses and other liabilities 1,838,908 1,514,650
Deferred revenue 1,306,185 1,264,661
Short-term debt 399,614 0
Total current liabilities 8,338,718 7,930,974
Non-current content liabilities 2,668,472 3,081,277
Long-term debt 13,900,754 14,353,076
Other non-current liabilities 2,486,215 2,452,040
Total liabilities 27,394,159 27,817,367
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.001 par value; 4,990,000,000 shares authorized at September 30, 2023 and December 31, 2022; 437,679,669 and 445,346,776 issued and outstanding at September 30, 2023 and December 31, 2022, respectively 5,011,427 4,637,601
Treasury stock at cost (10,600,660 and 1,564,478 shares at September 30, 2023 and December 31, 2022, respectively) (4,399,677) (824,190)
Accumulated other comprehensive loss (155,571) (217,306)
Retained earnings 21,651,448 17,181,296
Total stockholders’ equity 22,107,627 20,777,401
Total liabilities and stockholders’ equity $ 49,501,786 $ 48,594,768