NetFlix 2009 Annual Report Download - page 56
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NETFLIX, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
As of December 31,
2009 2008
Assets
Current assets:
Cash and cash equivalents .............................................. $134,224 $ 139,881
Short-term investments ................................................ 186,018 157,390
Prepaid expenses ..................................................... 12,491 8,122
Prepaid revenue sharing expenses ........................................ 17,133 18,417
Current content library, net ............................................. 37,329 18,691
Other current assets ................................................... 23,818 16,424
Total current assets ............................................... 411,013 358,925
Content library, net ....................................................... 108,810 98,547
Property and equipment, net ................................................ 131,653 124,948
Deferred tax assets ........................................................ 15,958 22,409
Other non-current assets ................................................... 12,300 10,595
Total assets ...................................................... $679,734 $ 615,424
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable ..................................................... $ 91,475 $ 100,344
Accrued expenses ..................................................... 33,387 31,394
Current portion of lease financing obligations .............................. 1,410 1,152
Deferred revenue ..................................................... 100,097 83,127
Total current liabilities ............................................. 226,369 216,017
Long-term debt ........................................................... 200,000 —
Lease financing obligations, excluding current portion ............................ 36,572 37,988
Other non-current liabilities ................................................. 17,650 14,264
Total liabilities ................................................... 480,591 268,269
Commitments and contingencies
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31,
2009 and 2008; no shares issued and outstanding at December 31, 2009 and
2008 ............................................................. — —
Common stock, $0.001 par value; 160,000,000 shares authorized at December 31,
2009 and 2008; 53,440,073 and 58,862,478 issued and outstanding at
December 31, 2009 and 2008, respectively ............................... 53 62
Additional paid-in capital .............................................. — 338,577
Treasury stock at cost (3,491,084 shares at December 31, 2008) ................ — (100,020)
Accumulated other comprehensive income ................................. 273 84
Retained earnings ..................................................... 198,817 108,452
Total stockholders’ equity .......................................... 199,143 347,155
Total liabilities and stockholders’ equity ............................... $679,734 $ 615,424
See accompanying notes to consolidated financial statements.
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