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Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2023
Dec. 31, 2022
Current Assets:    
Cash and cash equivalents $ 2,003,408 $ 1,961,956
Restricted cash 40,713 0
Accounts receivable, net of allowances of $25,080 and $40,191 as of September 30, 2023 and December 31, 2022, respectively 720,398 760,793
Inventories 105,374 106,747
Prepaid expenses and other current assets 101,108 135,383
Total current assets 2,971,001 2,964,879
Property and equipment, net 278,723 335,031
Operating lease right-of-use assets 410,585 521,695
Content assets, net 238,015 292,766
Intangible assets, net 45,662 58,881
Goodwill 161,519 161,519
Other non-current assets 85,274 77,830
Total Assets 4,190,779 4,412,601
Current Liabilities:    
Accounts payable 312,279 164,800
Accrued liabilities 797,229 750,810
Current portion of long-term debt 0 79,985
Deferred revenue, current portion 98,236 87,678
Total current liabilities 1,207,744 1,083,273
Deferred revenue, non-current portion 22,556 28,210
Operating lease liability, non-current portion 600,047 584,651
Other long-term liabilities 52,965 69,911
Total Liabilities 1,883,312 1,766,045
Commitments and contingencies (Note 12)
Stockholders’ Equity:    
Common stock, $0.0001 par value 14 14
Additional paid-in capital 3,526,915 3,234,860
Accumulated other comprehensive income (loss) (166) (292)
Accumulated deficit (1,219,296) (588,026)
Total stockholders’ equity 2,307,467 2,646,556
Total Liabilities and Stockholders’ Equity $ 4,190,779 $ 4,412,601