NetFlix 2012 Annual Report Download - page 57

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NETFLIX, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
As of December 31,
2012 2011
Assets
Current assets:
Cash and cash equivalents ............................................ $ 290,291 $ 508,053
Short-term investments ............................................... 457,787 289,758
Current content library, net ............................................ 1,368,162 919,709
Prepaid content ..................................................... 59,929 56,007
Other current assets .................................................. 64,622 57,330
Total current assets .............................................. 2,240,791 1,830,857
Non-current content library, net ............................................ 1,506,008 1,046,934
Property and equipment, net ............................................... 131,681 136,353
Other non-current assets .................................................. 89,410 55,052
Total assets .................................................... $3,967,890 $3,069,196
Liabilities and Stockholders’ Equity
Current liabilities:
Current content liabilities ............................................. $1,366,847 $ 935,036
Accounts payable ................................................... 86,468 86,992
Accrued expenses ................................................... 53,139 54,231
Deferred revenue .................................................... 169,472 148,796
Total current liabilities ........................................... 1,675,926 1,225,055
Non-current content liabilities ............................................. 1,076,622 739,628
Long-term debt ......................................................... 200,000 200,000
Long-term debt due to related party ......................................... 200,000 200,000
Other non-current liabilities ............................................... 70,669 61,703
Total liabilities ................................................. 3,223,217 2,426,386
Commitments and contingencies (Note 5)
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2012
and 2011; no shares issued and outstanding at December 31, 2012 and 2011 ...... — —
Common stock, $0.001 par value; 160,000,000 shares authorized at December 31,
2012 and 2011; 55,587,167 and 55,398,615 issued and outstanding at
December 31, 2012 and 2011, respectively ............................. 56 55
Additional paid-in capital ............................................. 301,616 219,119
Accumulated other comprehensive income ............................... 2,919 706
Retained earnings ................................................... 440,082 422,930
Total stockholders’ equity ........................................ 744,673 642,810
Total liabilities and stockholders’ equity ............................. $3,967,890 $3,069,196
See accompanying notes to consolidated financial statements.
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