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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 7,116,913 $ 5,147,176
Short-term investments 20,973 911,276
Other current assets 2,780,247 3,208,021
Total current assets 9,918,133 9,266,473
Content assets, net 31,658,056 32,736,713
Property and equipment, net 1,491,444 1,398,257
Other non-current assets 5,664,359 5,193,325
Total assets 48,731,992 48,594,768
Current liabilities:    
Current content liabilities 4,466,470 4,480,150
Accounts payable 747,412 671,513
Accrued expenses and other liabilities 1,803,960 1,514,650
Deferred revenue 1,442,969 1,264,661
Short-term debt 399,844 0
Total current liabilities 8,860,655 7,930,974
Non-current content liabilities 2,578,173 3,081,277
Long-term debt 14,143,417 14,353,076
Other non-current liabilities 2,561,434 2,452,040
Total liabilities 28,143,679 27,817,367
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2023 and December 31, 2022; no shares issued and outstanding at December 31, 2023 and December 31, 2022 0 0
Common stock, $0.001 par value; 4,990,000,000 shares authorized at December 31, 2023 and December 31, 2022; 432,759,584 and 445,346,776 issued and outstanding at December 31, 2023 and December 31, 2022, respectively 5,145,172 4,637,601
Treasury stock at cost (16,078,268 and 1,564,478 shares at December 31, 2023 and December 31, 2022) (6,922,200) (824,190)
Accumulated other comprehensive loss (223,945) (217,306)
Retained earnings 22,589,286 17,181,296
Total stockholders’ equity 20,588,313 20,777,401
Total liabilities and stockholders’ equity $ 48,731,992 $ 48,594,768