Perform a quality balance sheet assessment of the Netflix company. This analysis will include a review of the current assets and liabilities and appropriate liquidity ratios, the capital structure, and the fixed and intangible asset accounting of the company. A thorough review of off-balance-sheet items should be included, such as leases and contingent liabilities. The format should be a Word document. You are encouraged to include diagrams or exhibits illustrating your work. This paper should be approximately 5 pages of written text.

https://ir.netflix.com/secfiling.cfm?filingID=1628280-17-496&CIK=1065280

Netflix Inc., Consolidated Statement of Financial Position, Liabilities and Stockholders' Equity
USD $ in thousands
	Dec 31, 2016	Dec 31, 2015	Dec 31, 2014	Dec 31, 2013	Dec 31, 2012
Current content liabilities	3,632,711	2,789,023	2,117,241	1,775,983	1,366,847
Accounts payable	312,842	253,491	201,581	108,435	86,468
Accrued expenses	197,632	140,389	69,746	54,018	53,139
Deferred revenue	443,472	346,721	274,586	215,767	169,472
Current liabilities	4,586,657	3,529,624	2,663,154	2,154,203	1,675,926
Non-current content liabilities	2,894,654	2,026,360	1,575,832	1,345,590	1,076,622
Long-term debt	3,364,311	2,371,362	900,000	500,000	200,000
Long-term debt due to related party					200,000
Other non-current liabilities	61,188	52,099	59,957	79,209	70,669
Non-current liabilities	6,320,153	4,449,821	2,535,789	1,924,799	1,547,291
Total liabilities	10,906,810	7,979,445	5,198,943	4,079,002	3,223,217
Preferred stock, $0.001 par value; no shares issued and outstanding
Common stock, $0.001 par value	1,599,762	1,324,809	1,042,870	777,501	301,672
Accumulated other comprehensive income (loss)	-48,565	-43,308	-4,446	3,575	2,919
Retained earnings	1,128,603	941,925	819,284	552,485	440,082
Stockholders' equity	2,679,800	2,223,426	1,857,708	1,333,561	744,673
Total liabilities and stockholders' equity	13,586,610	10,202,871	7,056,651	5,412,563	3,967,890
Source: Netflix Inc., Annual Reports