NetFlix 2014 Annual Report Download - page 58

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Table of Contents
vary by asset class and may incorporate available trade, bid and other market information and price quotes from well-established independent
pricing vendors and broker-dealers. The Company’s procedures include controls to ensure that appropriate fair values are recorded, such as
comparing prices obtained from multiple independent sources. See Note 5 to the consolidated financial statements for further information
regarding the fair value of the Company’s senior convertible notes and senior notes.
Because the Company does not intend to sell the investments that are in an unrealized loss position and it is not likely that the Company
will be required to sell any investments before recovery of their amortized cost basis, the Company does not consider those investments with an
unrealized loss to be other-than-temporarily impaired at December 31, 2014 . There were no material other-than-temporary impairments or
credit losses related to available-for-sale securities in the years ended December 31, 2014 , 2013 or 2012 .
There were no material gross realized gains or losses from the sale of available-for-sale investments in the years ended December 31,
2014 , 2013 and 2012 . Realized gains and losses and interest income are included in interest and other income.
The estimated fair value of short-term investments by contractual maturity as of December 31, 2014 is as follows:
Content Library
Content library consisted of the following:
51
(in thousands)
Due within one year
113,864
Due after one year and through 5 years
381,024
Total short-term investments
494,888
4.
Balance Sheet Components
As of December 31,
2014
2013
(in thousands)
Total content library, gross
$
8,497,403
$
6,474,688
Accumulated amortization
(3,598,375
)
(2,677,196
)
Total content library, net
4,899,028
3,797,492
Current content library, net
2,125,702
1,706,421
Non-current content library, net
$
2,773,326
$
2,091,071