Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2017
Dec. 31, 2016
Current assets    
Cash and cash equivalents $ 493,181 $ 199,944
Short-term investments 6,249 37,109
Accounts receivable, net of allowance of $3,633 at December 31, 2016 and $5,854 at September 30, 2017 312,277 309,267
Prepaid content acquisition costs 80,152 46,310
Prepaid expenses and other current assets 20,294 33,191
Total current assets 912,153 625,821
Convertible promissory note receivable 34,132 0
Long-term investments 0 6,252
Property and equipment, net 117,700 124,088
Goodwill 71,243 306,691
Intangible assets, net 21,304 90,425
Other long-term assets 8,999 31,533
Total assets 1,165,531 1,184,810
Current liabilities    
Accounts payable 8,444 15,224
Accrued liabilities 33,180 35,465
Accrued content acquisition costs 99,798 93,723
Accrued compensation 42,753 60,353
Deferred revenue 33,977 28,359
Other current liabilities 0 20,993
Total current liabilities 218,152 254,117
Long-term debt, net 267,396 342,247
Other long-term liabilities 27,068 34,187
Total liabilities 512,616 630,551
Redeemable convertible preferred stock: 480,000 shares issued and outstanding at September 30, 2017 483,588 0
Stockholders’ equity    
Common stock: 235,162,757 shares issued and outstanding at December 31, 2016 and 248,681,713 at September 30, 2017 25 24
Additional paid-in capital 1,387,957 1,264,693
Accumulated deficit (1,217,283) (709,636)
Accumulated other comprehensive loss (1,372) (822)
Total stockholders’ equity 169,327 554,259
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 1,165,531 $ 1,184,810