NetFlix 2013 Annual Report Download - page 51

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NETFLIX, INC.
CONSOLIDATED BALANCE SHEETS
(in thousands, except share and per share data)
As of December 31,
2013 2012
Assets
Current assets:
Cash and cash equivalents ............................................ $ 604,965 $ 290,291
Short-term investments .............................................. 595,440 457,787
Current content library, net ........................................... 1,706,421 1,368,162
Other current assets ................................................. 151,937 124,551
Total current assets ............................................. 3,058,763 2,240,791
Non-current content library, net ........................................... 2,091,071 1,506,008
Property and equipment, net .............................................. 133,605 131,681
Other non-current assets ................................................. 129,124 89,410
Total assets ................................................... $5,412,563 $3,967,890
Liabilities and Stockholders’ Equity
Current liabilities:
Current content liabilities ............................................ $1,775,983 $1,366,847
Accounts payable .................................................. 108,435 86,468
Accrued expenses .................................................. 54,018 53,139
Deferred revenue ................................................... 215,767 169,472
Total current liabilities .......................................... 2,154,203 1,675,926
Non-current content liabilities ............................................. 1,345,590 1,076,622
Long-term debt ........................................................ 500,000 200,000
Long-term debt due to related party ........................................ — 200,000
Other non-current liabilities .............................................. 79,209 70,669
Total liabilities ................................................ 4,079,002 3,223,217
Commitments and contingencies (Note 6)
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31,
2013 and 2012; no shares issued and outstanding at December 31, 2013 and
2012 ........................................................... — —
Common stock, $0.001 par value; 160,000,000 shares authorized at
December 31, 2013 and 2012; 59,607,001 and 55,587,167 issued and
outstanding at December 31, 2013 and 2012, respectively ................. 60 56
Additional paid-in capital ............................................ 777,441 301,616
Accumulated other comprehensive income .............................. 3,575 2,919
Retained earnings .................................................. 552,485 440,082
Total stockholders’ equity ........................................ 1,333,561 744,673
Total liabilities and stockholders’ equity ............................ $5,412,563 $3,967,890
See accompanying notes to consolidated financial statements.
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