Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 209,581 $ 199,944
Short-term investments 18,056 37,109
Accounts receivable, net of allowance of $3,633 at December 31, 2016 and $5,708 at June 30, 2017 288,347 309,267
Prepaid content acquisition costs 39,869 46,310
Prepaid expenses and other current assets 18,188 33,191
Assets held for sale 227,844 0
Total current assets 801,885 625,821
Long-term investments 0 6,252
Property and equipment, net 120,792 124,088
Goodwill 71,243 306,691
Intangible assets, net 23,235 90,425
Other long-term assets 13,490 31,533
Total assets 1,030,645 1,184,810
Current liabilities    
Accounts payable 12,780 15,224
Accrued liabilities 43,601 35,465
Accrued content acquisition costs 88,260 93,723
Accrued compensation 45,580 60,353
Deferred revenue 32,475 28,359
Other current liabilities 0 20,993
Liabilities held for sale 43,059 0
Total current liabilities 265,755 254,117
Long-term debt, net 352,157 342,247
Other long-term liabilities 25,701 34,187
Total liabilities 643,613 630,551
Redeemable convertible preferred stock: 172,500 shares issued and outstanding at June 30, 2017 173,095 0
Stockholders’ equity    
Common stock: 235,162,757 shares issued and outstanding at December 31, 2016 and 242,412,275 at June 30, 2017 24 24
Additional paid-in capital 1,347,285 1,264,693
Accumulated deficit (1,132,721) (709,636)
Accumulated other comprehensive loss (651) (822)
Total stockholders’ equity 213,937 554,259
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 1,030,645 $ 1,184,810