Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 170,881 $ 199,944
Short-term investments 32,123 37,109
Accounts receivable, net of allowance of $3,633 at December 31, 2016 and $3,912 at March 31, 2017 262,934 309,267
Prepaid content acquisition costs 48,542 46,310
Prepaid expenses and other current assets 29,422 33,191
Total current assets 543,902 625,821
Long-term investments 0 6,252
Property and equipment, net 128,815 124,088
Goodwill 306,421 306,691
Intangible assets, net 85,289 90,425
Other long-term assets 33,721 31,533
Total assets 1,098,148 1,184,810
Current liabilities    
Accounts payable 21,152 15,224
Accrued liabilities 33,878 35,465
Accrued content acquisition costs 89,972 93,723
Accrued compensation 43,871 60,353
Deferred revenue 32,355 28,359
Other current liabilities 32,848 20,993
Total current liabilities 254,076 254,117
Long-term debt, net 347,223 342,247
Other long-term liabilities 33,946 34,187
Total liabilities 635,245 630,551
Stockholders’ equity    
Common stock: 235,162,757 shares issued and outstanding at December 31, 2016 and 240,334,808 at March 31, 2017 24 24
Additional paid-in capital 1,306,532 1,264,693
Accumulated deficit (843,057) (709,636)
Accumulated other comprehensive loss (596) (822)
Total stockholders’ equity 462,903 554,259
Total liabilities and stockholders’ equity $ 1,098,148 $ 1,184,810