NetFlix 2008 Annual Report Download - page 52

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NETFLIX, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
As of December 31,
2008 2007
Assets
Current assets:
Cash and cash equivalents .............................................. $139,881 $177,439
Short-term investments ................................................ 157,390 207,703
Prepaid expenses ..................................................... 8,122 6,116
Prepaid revenue sharing expenses ........................................ 18,417 6,983
Current content library, net ............................................. 18,691 16,301
Deferred tax assets .................................................... 5,617 2,254
Other current assets ................................................... 13,329 15,627
Total current assets ............................................... 361,447 432,423
Content library, net ....................................................... 98,547 112,070
Property and equipment, net ................................................ 124,948 113,175
Deferred tax assets ........................................................ 22,409 16,865
Other assets ............................................................. 10,595 4,465
Total assets ...................................................... $617,946 $678,998
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable ..................................................... $100,344 $ 99,951
Accrued expenses ..................................................... 31,394 36,466
Current portion of lease financing obligations .............................. 1,152 823
Deferred revenue ..................................................... 83,127 71,665
Total current liabilities ............................................. 216,017 208,905
Lease financing obligations, excluding current portion ............................ 37,988 35,652
Other liabilities .......................................................... 16,786 4,629
Total liabilities ................................................... 270,791 249,186
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31,
2008 and 2007; no shares issued and outstanding at December 31, 2008 and
2007 ............................................................. — —
Common stock, $0.001 par value; 160,000,000 shares authorized at December 31,
2008 and 2007; 58,862,478 and 64,912,915 issued and outstanding at
December 31, 2008 and 2007, respectively ............................... 62 65
Additional paid-in capital .............................................. 338,577 402,710
Treasury stock at cost (3,491,084 shares) .................................. (100,020) —
Accumulated other comprehensive income ................................. 84 1,611
Retained earnings ..................................................... 108,452 25,426
Total stockholders’ equity .......................................... 347,155 429,812
Total liabilities and stockholders’ equity ............................... $617,946 $678,998
See accompanying notes to consolidated financial statements.
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