NetFlix 2004 Annual Report Download - page 64

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NETFLIX, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
As of December 31,
2003 2004
Assets
Current assets:
Cash and cash equivalents ............................................. $ 89,894 $174,461
Short-term investments ................................................ 45,297 —
Prepaidexpenses..................................................... 2,231 2,741
Prepaid revenue sharing expenses ....................................... 905 4,695
Other current assets .................................................. 619 5,449
Total current assets ............................................... 138,946 187,346
DVD library, net ......................................................... 22,238 42,158
Intangible assets, net ...................................................... 2,948 961
Property and equipment, net ................................................ 9,772 18,728
Deposits ............................................................... 1,272 1,600
Other assets ............................................................. 836 1,000
Total assets ..................................................... $176,012 $ 251,793
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable .................................................... $ 32,654 $ 49,775
Accrued expenses .................................................... 11,625 13,131
Deferred revenue .................................................... 18,324 31,936
Current portion of capital lease obligations ................................ 416 68
Total current liabilities ............................................ 63,019 94,910
Deferred rent ............................................................ 241 600
Capital lease obligations, less current portion .................................. 44 —
Total liabilities .................................................. 63,304 95,510
Commitments and Contingencies ............................................
Stockholders’ equity:
Common stock, $0.001 par value; 80,000,000 and 160,000,000 shares authorized
at December 31, 2003 and 2004, respectively; 50,849,370 and 52,732,025 issued
and outstanding at December 31, 2003 and 2004, respectively ............... 51 53
Additional paid-in capital .............................................. 270,836 292,843
Deferred stock-based compensation ...................................... (5,482) (4,693)
Accumulated other comprehensive income (loss) ........................... 596 (222)
Accumulated deficit .................................................. (153,293) (131,698)
Total stockholders’ equity ......................................... 112,708 156,283
Total liabilities and stockholders’ equity .............................. $176,012 $ 251,793
See accompanying notes to consolidated financial statements.
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