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Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2024
Dec. 31, 2023
Current assets:    
Cash and cash equivalents $ 7,457,025 $ 7,116,913
Short-term investments 1,766,902 20,973
Other current assets 2,905,172 2,780,247
Total current assets 12,129,099 9,918,133
Content assets, net 32,175,382 31,658,056
Property and equipment, net 1,568,212 1,491,444
Other non-current assets 6,409,151 5,664,359
Total assets 52,281,844 48,731,992
Current liabilities:    
Current content liabilities 4,489,971 4,466,470
Accounts payable 641,953 747,412
Accrued expenses and other liabilities 2,241,758 1,803,960
Deferred revenue 1,513,048 1,442,969
Short-term debt 1,820,396 399,844
Total current liabilities 10,707,126 8,860,655
Non-current content liabilities 1,918,089 2,578,173
Long-term debt 14,160,932 14,143,417
Other non-current liabilities 2,774,961 2,561,434
Total liabilities 29,561,108 28,143,679
Commitments and contingencies (Note 8)
Stockholders’ equity:    
Common stock, $0.001 par value; 4,990,000,000 shares authorized at September 30, 2024 and December 31, 2023; 427,458,114 and 432,759,584 issued and outstanding at September 30, 2024 and December 31, 2023, respectively 5,887,903 5,145,172
Treasury stock at cost (24,784,254 and 16,078,268 shares at September 30, 2024 and December 31, 2023, respectively) (12,254,855) (6,922,200)
Accumulated other comprehensive loss (344,622) (223,945)
Retained earnings 29,432,310 22,589,286
Total stockholders’ equity 22,720,736 20,588,313
Total liabilities and stockholders’ equity $ 52,281,844 $ 48,731,992