Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.10.0.1
Condensed Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2018
Dec. 31, 2017
Current assets    
Cash and cash equivalents $ 287,523 $ 499,597
Short-term investments 100,119 1,250
Accounts receivable, net of allowance of $5,352 at December 31, 2017 and $7,855 at September 30, 2018 373,418 336,429
Prepaid content acquisition costs   55,668
Prepaid expenses and other current assets 25,673 19,220
Total current assets 818,952 912,164
Convertible promissory note receivable 0 35,471
Property and equipment, net 107,802 116,742
Goodwill 178,917 71,243
Intangible assets, net 55,557 19,409
Other long-term assets 11,575 11,293
Total assets 1,172,803 1,166,322
Current liabilities    
Accounts payable 28,406 14,896
Accrued liabilities 72,311 34,535
Accrued content acquisition costs 123,910 97,751
Accrued compensation 45,687 47,635
Deferred revenue 55,678 31,464
Total current liabilities 325,992 226,281
Long-term debt, net 255,272 273,014
Other long-term liabilities 25,660 23,500
Total liabilities 606,924 522,795
Redeemable convertible preferred stock: 480,000 shares issued and outstanding at December 31, 2017 and 480,000 at September 30, 2018 513,270 490,849
Stockholders’ equity    
Common stock: 250,867,462 shares issued and outstanding at December 31, 2017 and 269,774,079 at September 30, 2018 27 25
Additional paid-in capital 1,632,178 1,422,221
Accumulated deficit (1,579,125) (1,269,351)
Accumulated other comprehensive loss (471) (217)
Total stockholders’ equity 52,609 152,678
Total liabilities, redeemable convertible preferred stock and stockholders’ equity $ 1,172,803 $ 1,166,322