NetFlix 2007 Annual Report Download - page 54

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NETFLIX, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
As of December 31,
2007 2006
Assets
Current assets:
Cashandcashequivalents............................................... $177,439 $400,430
Short-terminvestments ................................................. 207,703 —
Prepaidexpenses ...................................................... 6,116 4,742
Prepaid revenue sharing expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,983 9,456
Deferredtaxassets .................................................... 2,254 3,155
Othercurrentassets .................................................... 16,037 10,635
Totalcurrentassets ................................................ 416,532 428,418
Contentlibrary,net ........................................................ 132,455 104,908
Propertyandequipment,net ................................................. 77,326 55,503
Deferredtaxassets ........................................................ 16,242 15,600
Otherassets .............................................................. 4,465 4,350
Totalassets ...................................................... $647,020 $608,779
Liabilities and Stockholders’ Equity
Current liabilities:
Accountspayable ..................................................... $104,445 $ 93,864
Accruedexpenses ..................................................... 36,466 29,905
Deferredrevenue...................................................... 71,665 69,678
Totalcurrentliabilities ............................................. 212,576 193,447
Otherliabilities ........................................................... 3,695 1,121
Totalliabilities ................................................... 216,271 194,568
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31,
2007 and 2006; no shares issued and outstanding at December 31, 2007 and
2006.............................................................. — —
Common stock, $0.001 par value; 160,000,000 shares authorized at December 31,
2007 and 2006, respectively; 64,912,915 and 68,612,463 issued and outstanding
at December 31, 2007 and 2006, respectively . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 65 69
Additionalpaid-incapital ............................................... 402,710 454,731
Accumulated other comprehensive income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1,611 —
Retained earnings (accumulated deficit) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26,363 (40,589)
Totalstockholders’equity........................................... 430,749 414,211
Total liabilities and stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $647,020 $608,779
See accompanying notes to consolidated financial statements.
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