NetFlix 2002 Annual Report Download - page 53

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NETFLIX, INC.
BALANCE SHEETS
(in thousands, except share and per share data)
As of December 31,
2001 2002
Assets
Current assets:
Cash and cash equivalents $ 16,131 $ 59,814
Short−term investments — 43,796
Prepaid expenses 1,019 2,753
Prepaid revenue sharing expenses 732 303
Other current assets 1,670 409
Total current assets 19,552 107,075
DVD library, net 3,633 9,972
Intangible assets, net 7,917 6,094
Property and equipment, net 8,205 5,620
Deposits 1,677 1,690
Other assets 646 79
Total assets $ 41,630 $ 130,530
Liabilities and Stockholders’ (Deficit) Equity
Current liabilities:
Accounts payable $ 13,715 $ 20,350
Accrued expenses 4,544 9,102
Deferred revenue 4,937 9,743
Current portion of capital lease obligations 1,345 1,231
Notes payable 1,667 —
Total current liabilities 26,208 40,426
Deferred rent 240 288
Capital lease obligations, less current portion 1,057 460
Subordinated notes payable, net of unamortized discount of $10,851 at December 31, 2001 2,799 —
Total liabilities 30,304 41,174
Commitments and contingencies (note 5)
Redeemable convertible preferred stock 101,830
Stockholders’ (deficit) equity:
Convertible preferred stock, $0.001 par value; 8,500,000 and 10,000,000 shares authorized at December 31, 2001 and 2002, respectively;
6,157,499 and no shares issued and outstanding at December 31, 2001 and 2002, respectively; aggregate liquidation preference of $2,222 at
December 31, 2001 6 —
Common stock, $0.001 par value; 100,000,000 and 150,000,000 shares authorized at December 31, 2001 and 2002, respectively; 2,161,855 and
22,445,795 issued and outstanding at December 31, 2001 and 2002, respectively 2 22
Additional paid−in capital 52,479 259,172
Deferred stock−based compensation (5,725) (11,399)
Accumulated other comprehensive income — 774
Accumulated deficit (137,266) (159,213)
Total stockholders’ (deficit) equity (90,504) 89,356
Total liabilities and stockholders’ (deficit) equity $ 41,630 $ 130,530
See accompanying notes to financial statements.
F−3