Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 292,996 $ 499,597
Short-term investments 127,791 1,250
Accounts receivable, net of allowance of $5,352 at December 31, 2017 and $5,935 at June 30, 2018 339,592 336,429
Prepaid content acquisition costs 24,379 55,668
Prepaid expenses and other current assets 21,799 19,220
Total current assets 806,557 912,164
Convertible promissory note receivable 0 35,471
Property and equipment, net 110,583 116,742
Goodwill 178,917 71,243
Intangible assets, net 59,863 19,409
Other long-term assets 12,023 11,293
Total assets 1,167,943 1,166,322
Current liabilities    
Accounts payable 17,704 14,896
Accrued liabilities 60,047 34,535
Accrued content acquisition costs 125,791 97,751
Accrued compensation 48,184 47,635
Deferred revenue 43,512 31,464
Total current liabilities 295,238 226,281
Long-term debt, net 250,267 273,014
Other long-term liabilities 25,919 23,500
Total liabilities 571,424 522,795
Redeemable convertible preferred stock: 480,000 shares issued and outstanding at December 31, 2017 and 480,000 at June 30, 2018 505,684 490,849
Stockholders’ equity    
Common stock: 250,867,462 shares issued and outstanding at December 31, 2017 and 266,317,032 at June 30, 2018 27 25
Additional paid-in capital 1,598,905 1,422,221
Accumulated deficit (1,507,874) (1,269,351)
Accumulated other comprehensive loss (223) (217)
Total stockholders’ equity 90,835 152,678
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 1,167,943 $ 1,166,322