NetFlix 2003 Annual Report Download - page 61

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NETFLIX, INC.
BALANCE SHEETS
(in thousands, except share and per share data)
As of December 31,
2002 2003
Assets
Current assets:
Cash and cash equivalents ............................................. $ 59,814 $ 89,894
Short-term investments ................................................ 43,796 45,297
Prepaidexpenses..................................................... 2,753 2,605
Prepaid revenue sharing expenses ....................................... 303 905
Other current assets .................................................. 409 245
Total current assets ............................................... 107,075 138,946
DVD library, net ......................................................... 9,972 22,238
Intangible assets, net ...................................................... 6,094 2,948
Property and equipment, net ................................................ 5,620 9,772
Deposits ............................................................... 1,690 1,272
Other assets ............................................................. 79 836
Total assets ..................................................... $130,530 $ 176,012
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable .................................................... $ 20,350 $ 32,654
Accrued expenses .................................................... 9,102 11,625
Deferred revenue .................................................... 9,743 18,324
Current portion of capital lease obligations ................................ 1,231 416
Total current liabilities ............................................ 40,426 63,019
Deferred rent ............................................................ 288 241
Capital lease obligations, less current portion .................................. 460 44
Total liabilities .................................................. 41,174 63,304
Stockholders’ equity:
Common stock, $0.001 par value; 150,000,000 and 80,000,000 shares authorized
at December 31, 2002 and 2003, respectively; 44,891,590 and 50,849,370 issued
and outstanding at December 31, 2002 and 2003, respectively ............... 45 51
Additional paid-in capital .............................................. 260,044 270,836
Deferred stock-based compensation ...................................... (11,702) (5,482)
Accumulated other comprehensive income ................................ 774 596
Accumulated deficit .................................................. (159,805) (153,293)
Total stockholders’ equity ......................................... 89,356 112,708
Total liabilities and stockholders’ equity .............................. $130,530 $ 176,012
See accompanying notes to financial statements.
F-3