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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 6,624,939 $ 7,116,913
Short-term investments 30,973 20,973
Other current assets 2,959,641 2,780,247
Total current assets 9,615,553 9,918,133
Content assets, net 31,927,355 31,658,056
Property and equipment, net 1,510,958 1,491,444
Other non-current assets 6,045,029 5,664,359
Total assets 49,098,895 48,731,992
Current liabilities:    
Current content liabilities 4,391,437 4,466,470
Accounts payable 598,557 747,412
Accrued expenses and other liabilities 1,876,244 1,803,960
Deferred revenue 1,473,720 1,442,969
Short-term debt 1,800,041 399,844
Total current liabilities 10,139,999 8,860,655
Non-current content liabilities 2,028,782 2,578,173
Long-term debt 12,180,024 14,143,417
Other non-current liabilities 2,637,397 2,561,434
Total liabilities 26,986,202 28,143,679
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.001 par value; 4,990,000,000 shares authorized at June 30, 2024 and December 31, 2023; 429,164,615 and 432,759,584 issued and outstanding at June 30, 2024 and December 31, 2023, respectively 5,680,061 5,145,172
Treasury stock at cost (22,229,834 and 16,078,268 shares at June 30, 2024 and December 31, 2023, respectively) (10,547,055) (6,922,200)
Accumulated other comprehensive loss (89,114) (223,945)
Retained earnings 27,068,801 22,589,286
Total stockholders’ equity 22,112,693 20,588,313
Total liabilities and stockholders’ equity $ 49,098,895 $ 48,731,992