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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Cash flows from operating activities:    
Net income (loss) $ (4,584) $ 60,233
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Additions to streaming content library (764,893) (192,307)
Change in streaming content liabilities 397,553 84,048
Amortization of streaming content library 339,736 85,937
Amortization of DVD content library 20,046 26,990
Depreciation and amortization of property, equipment and intangibles 11,331 9,826
Stock-based compensation expense 19,332 12,264
Excess tax benefits from stock-based compensation (3,755) (15,654)
Other non-cash items (1,519) (925)
Deferred taxes (10,843) (4,982)
Changes in operating assets and liabilities:    
Prepaid content 2,994 (12,380)
Other current assets 11,741 9,498
Accounts payable (1,756) 15,232
Accrued expenses 1,783 20,293
Deferred revenue 1,806 15,862
Other non-current assets and liabilities 137 2,388
Net cash provided by operating activities 19,109 116,323
Cash flows from investing activities:    
Acquisitions of DVD content library (13,528) (22,119)
Purchases of short-term investments (299,467) (52,266)
Proceeds from sale of short-term investments 172,335 14,961
Proceeds from maturities of short-term investments 8,275 650
Purchases of property and equipment (4,766) (16,320)
Other assets 1,334 1,419
Net cash used in investing activities (135,817) (73,675)
Cash flows from financing activities:    
Proceeds from issuance of common stock upon exercise of options 1,224 6,762
Financing costs 388 0
Repurchases of common stock 0 (108,643)
Excess tax benefits from stock-based compensation 3,755 15,654
Principal payments of lease financing obligations (559) (501)
Net cash provided by (used in) financing activities 4,032 (86,728)
Effect of exchange rate changes on cash and cash equivalents 615 0
Net decrease in cash and cash equivalents (112,061) (44,080)
Cash and cash equivalents, beginning of period 508,053 194,499
Cash and cash equivalents, end of period $ 395,992 $ 150,419