Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.8.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Mar. 31, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 454,923 $ 499,597
Short-term investments 89,482 1,250
Accounts receivable, net of allowance of $5,352 at December 31, 2017 and $4,580 at March 31, 2018 269,584 336,429
Prepaid content acquisition costs 35,901 55,668
Prepaid expenses and other current assets 20,074 19,220
Total current assets 869,964 912,164
Convertible promissory note receivable 0 35,471
Property and equipment, net 114,487 116,742
Goodwill 71,243 71,243
Intangible assets, net 17,891 19,409
Other long-term assets 11,285 11,293
Total assets 1,084,870 1,166,322
Current liabilities    
Accounts payable 15,762 14,896
Accrued liabilities 37,655 34,535
Accrued content acquisition costs 106,254 97,751
Accrued compensation 42,908 47,635
Deferred revenue 37,681 31,464
Total current liabilities 240,260 226,281
Long-term debt, net 278,410 273,014
Other long-term liabilities 22,714 23,500
Total liabilities 541,384 522,795
Redeemable convertible preferred stock: 480,000 shares issued and outstanding at December 31, 2017 and 480,000 at March 31, 2018 498,211 490,849
Stockholders’ equity    
Common stock: 250,867,462 shares issued and outstanding at December 31, 2017 and 255,044,043 at March 31, 2018 26 25
Additional paid-in capital 1,453,915 1,422,221
Accumulated deficit (1,408,419) (1,269,351)
Accumulated other comprehensive loss (247) (217)
Total stockholders’ equity 45,275 152,678
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 1,084,870 $ 1,166,322