Balance Sheet Components (Tables)

12 Months Ended

Dec. 31, 2023

Balance Sheet Related Disclosures [Abstract]

Schedule off Content Assets

Content assets consisted of the following:

	As of December 31,
	2023		2022
	(in thousands)
Licensed content, net	$	12,722,701	$	12,732,549
Produced content, net
Released, less amortization	9,843,150		9,110,518
In production	8,247,578		10,255,940
In development and pre-production	844,627		637,706
	18,935,355		20,004,164
Content assets, net	$	31,658,056	$	32,736,713

Schedule of Amortization of Streaming Content Assets

The following table represents the amortization of content assets:

	Year Ended December 31,
	2023		2022		2021
	(in thousands)
Licensed content	$	7,145,446	$	7,681,978	$	8,055,811
Produced content (1)	7,051,991		6,344,154		4,174,556
Total	$	14,197,437	$	14,026,132	$	12,230,367

(1) Tax incentives earned on qualified production spend generally reduce the cost-basis of content assets and result in lower content amortization over the life of the title. For the years ended December 31, 2023 and 2022, tax incentives resulted in lower content amortization on produced content of approximately $835 million and $719 million, respectively.

Schedule of Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

	As of December 31,				Estimated Useful Lives (in Years)
	2023		2022
	(in thousands)
Land	$	88,429	$	85,005
Buildings	150,736		52,106		30 years
Leasehold improvements	1,032,492		1,040,570		Over life of lease
Furniture and fixtures	144,737		153,682		3 years
Information technology	414,092		442,681		3 years
Corporate aircraft	99,175		115,578		8-10 years
Machinery and equipment	10,334		26,821		3-5 years
Capital work-in-progress	406,492		235,555
Property and equipment, gross	2,346,487		2,151,998
Less: Accumulated depreciation	(855,043)		(753,741)
Property and equipment, net	$	1,491,444	$	1,398,257

Schedule of Information on Right-of-Use Assets and Lease Liabilities

The components of lease costs for the years ended December 31, 2023, 2022 and 2021 were as follows:

	Year ended December 31,
	2023		2022		2021
	(in thousands)
Operating lease cost	$	430,856	$	413,664	$	389,805
Short-term lease cost	207,822		194,764		152,765
Total lease cost	$	638,678	$	608,428	$	542,570

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

	Year ended December 31,
	2023		2022		2021
	(in thousands)
Cash paid for operating lease liabilities	$	451,525	$	413,034	$	349,586
Right-of-use assets obtained in exchange for new operating lease obligations	196,639		252,393		764,142

	As of December 31,
	2023			2022
	(in thousands, except lease term and discount rate)
Operating lease right-of-use assets, net	$	2,076,899		$	2,227,122
Current operating lease liabilities	$	383,312		$	355,985
Non-current operating lease liabilities	2,046,801			2,222,503
Total operating lease liabilities	$	2,430,113		$	2,578,488
Weighted-average remaining lease term	7.5 years			8.3 years
Weighted-average discount rate	3.3		%	3.2		%

Schedule of Maturities of Lease Liabilities

Maturities of operating lease liabilities as of December 31, 2023 were as follows (in thousands):

Due in 12 month period ended December 31,
2024	$	460,353
2025	424,897
2026	401,306
2027	340,245
2028	282,465
Thereafter	827,117
	2,736,383
Less imputed interest	(306,270)
Total operating lease liabilities	$	2,430,113

Schedule of Other Current Assets

Other current assets consisted of the following:

	As of
	December 31, 2023		December 31, 2022
	(in thousands)
Trade receivables	$	1,287,054	$	988,898
Prepaid expenses	408,936		392,735
Other (1)	1,084,257		1,826,388
Total other current assets	$	2,780,247	$	3,208,021

(1) $555 million and $598 million of receivables related to tax incentives earned on production spend are included in Other as of December 31, 2023 and 2022, respectively.