NetFlix 2010 Annual Report Download - page 47

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NETFLIX, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
As of December 31,
2010 2009
Assets
Current assets:
Cash and cash equivalents ............................................... $194,499 $134,224
Short-term investments ................................................. 155,888 186,018
Current content library, net .............................................. 181,006 37,329
Prepaid content ....................................................... 62,217 26,741
Other current assets .................................................... 47,357 26,701
Total current assets ................................................ 640,967 411,013
Content library, net ........................................................ 180,973 108,810
Property and equipment, net ................................................. 128,570 131,653
Deferred tax assets ........................................................ 17,467 15,958
Other non-current assets .................................................... 14,090 12,300
Total assets ...................................................... $982,067 $679,734
Liabilities and Stockholders’ Equity
Current liabilities:
Accounts payable ..................................................... $222,824 $ 92,542
Accrued expenses ..................................................... 36,489 33,387
Current portion of lease financing obligations ............................... 2,083 1,410
Deferred revenue ...................................................... 127,183 100,097
Total current liabilities ............................................. 388,579 227,436
Long-term debt ........................................................... 200,000 200,000
Lease financing obligations, excluding current portion ............................ 34,123 36,572
Other non-current liabilities ................................................. 69,201 16,583
Total liabilities ................................................... 691,903 480,591
Commitments and contingencies (Note 5)
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31,
2010 and 2009; no shares issued and outstanding at December 31, 2010 and
2009 .............................................................. — —
Common stock, $0.001 par value; 160,000,000 shares authorized at December 31,
2010 and 2009; 52,781,949 and 53,440,073 issued and outstanding at
December 31, 2010 and 2009, respectively ............................... 53 53
Additional paid-in capital ............................................... 51,622 —
Accumulated other comprehensive income ................................. 750 273
Retained earnings ..................................................... 237,739 198,817
Total stockholders’ equity ........................................... 290,164 199,143
Total liabilities and stockholders’ equity ............................... $982,067 $679,734
See accompanying notes to consolidated financial statements.
F-3