NetFlix 2009 Annual Report Download - page 68

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NETFLIX, INC.
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)
3. Balance Sheet Components
Content Library, Net
Content library and accumulated amortization consisted of the following:
As of December 31,
2009 2008
(in thousands)
Content library, gross ........................................... $742,802 $ 637,336
Less: accumulated amortization ................................... (596,663) (520,098)
146,139 117,238
Less: Current content library, net .................................. 37,329 18,691
Content library, net ............................................. $108,810 $ 98,547
Property and Equipment, Net
Property and equipment and accumulated depreciation consisted of the following:
As of December 31,
2009 2008
(in thousands)
Computer equipment ......................... 3years $ 62,132 $ 44,598
Operations and other equipment ................ 5years 65,059 59,061
Software, including internal-use software ......... 1-3years 35,401 30,060
Furniture and fixtures ........................ 3years 12,421 12,304
Building ................................... 30years 40,681 40,681
Leasehold improvements ................ Over life of lease 35,156 33,124
Capital work-in-progress ................................. 15,097 3,958
Property and equipment, gross ............................. 265,947 223,786
Less: Accumulated depreciation ........................... (134,294) (98,838)
Property and equipment, net .............................. $131,653 $124,948
Capital work-in-progress as of December 31, 2009 consists primarily of approximately $13.1 million of
operations equipment and $1.9 million of software not yet in service, and approximately $0.1 million of
leasehold improvements.
Other Assets
Other assets consisted of the following:
As of December 31,
2009 2008
(in thousands)
Patents, net .............................................. $ 1,639 $ 1,844
Investment in business ..................................... — 5,700
Restricted cash ............................................ 2,829 1,929
Debt issuance costs, net ..................................... 5,966 —
Other ................................................... 1,866 1,122
Other assets .............................................. $12,300 $10,595
F-15