NetFlix 2006 Annual Report Download - page 57

Download and view the complete annual report

Please find page 57 of the 2006 NetFlix annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 87

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87

NETFLIX, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
As of December 31,
2005 2006
Assets
Current assets:
Cash and cash equivalents ............................................... $212,256 $400,430
Prepaid expenses ...................................................... 7,848 4,742
Prepaid revenue sharing expenses ......................................... 5,252 9,456
Deferred tax assets .................................................... 13,666 3,155
Other current assets .................................................... 4,669 10,635
Total current assets ................................................ 243,691 428,418
DVD library, net .......................................................... 57,032 104,908
Intangible assets, net ....................................................... 457 969
Property and equipment, net ................................................. 40,213 55,503
Deposits ................................................................. 1,249 1,316
Deferred tax assets ........................................................ 21,239 15,600
Other assets .............................................................. 800 2,065
Total assets ...................................................... $364,681 $608,779
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable ..................................................... $ 63,491 $ 93,864
Accrued expenses ..................................................... 25,563 29,905
Deferred revenue ...................................................... 48,533 69,678
Total current liabilities ............................................. 137,587 193,447
Deferred rent ............................................................. 842 1,121
Total liabilities ................................................... 138,429 194,568
Commitments and contingencies
Stockholders’ equity:
Common stock, $0.001 par value; 160,000,000 shares authorized at December 31,
2005 and 2006, respectively; 54,755,731 and 68,612,463 issued and outstanding
at December 31, 2005 and 2006, respectively ............................. 55 69
Additional paid-in capital ............................................... 315,868 454,731
Accumulated deficit ................................................... (89,671) (40,589)
Total stockholders’ equity ........................................... 226,252 414,211
Total liabilities and stockholders’ equity ............................... $364,681 $608,779
See accompanying notes to consolidated financial statements.
F-4