Accounting II 2.1-2022 Below are the (slightly edited) financial statements of Netflix: USD, thousands Property and equipment Content assets Other assets Total non-current assets 31 Dec 2021 31 Dec 2020 1,323,453 960,183 30,919,539 25,383,950 4,271,846 3,174,646 36,514,838 29,518,779 Current content liabilities Trade payables Deferred revenue Short-term debt 31 Dec 2021 31 Dec 2020 4,292,967 4,429,536 2,286,834 1,758,379 1,209,342 1,117,992 699,823 499,878 Cash and cash equivalents Trade receivables Other assets Total current assets Total assets Total current liabilities 8,488,966 7,805,785 6,027,804 8,205,550 Non-current content liabilities 3,094,213 2,618,084 804,320 1,237,701 610,819 Long-term debt 14,693,072 15,809,095 945,211 Other liabilities Total liabilities Total equity 8,069,825 9,761,580 44,584,663 39,280,359 Total equity and liabilities 2,459,164 1,982,155 28,735,415 28,215,119 15,849,248 11,065,240 44,584,663 39,280,359 USD, Thousands Revenue Cost of revenue Operating expenses Operating income Year ended 31 Dec 2021 31 Dec 2020 29,697,844 24,996,056 17,332,683 15,276,319 6,170,652 5,134,448 6,194,509 4,585,289 Interest expense 354,406 1,385,940 Income before taxes 5,840,103 3,199,349 Income tax expense 723,875 437,954 Profit for the period 5,116,228 2,761,395