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The 2018 balance sheets and income statement for Netflix Inc. follow. Refer to these financial statements to answer the requirements. NETFLIX INC. Consolidated Statements
The 2018 balance sheets and income statement for Netflix Inc. follow. Refer to these financial statements to answer the requirements. NETFLIX INC. Consolidated Statements of Earnings For Year Ended December 31, $ thousands Revenues Cost of revenues Marketing Technology and development General and administrative Operating income 2018 $11,071,833 6,987,244 1,660,998 856,492 630,794 936,805 Other income (expense) Interest expense (294,765) Interest and other income 41,725 Income before income taxes 683,764 Provision for Income taxes 10,666 Net Income $673,098 NETFLIX INC. Consolidated Balance Sheets in thousands, except par value Current assets Cash and cash equivalents 2018 Current content assets, net 2017 $2,659,933 $1,978,779 3,610,981 3,021,965 Other current assets Total current assets 524,675 6,795,589 Noncurrent content assets, net 10,487,629 375,908 5,376,657 7,270,110 Property and equipment, net Other noncurrent assets Total assets Current liabilities Current content liabilities Accounts payable 418,281 631,622 319,404 457,269 $18,333,121 $13,423,435 $3,284,899 $2,925,302 394,652 252,048 Accrued expenses 334,669 220,881 Deferred revenue 533,390 433,654 Total current liabilities 4,547,610 3,831,855 Noncurrent content liabilities 2,635,077 2,334,187 Long-term debt 7,262,401 4,556,102 Other noncurrent liabilities 129,231 135,246 Total liabilities 14,574,319 10,857,420 Stockholders' equity Preferred stock, $0.001 par value 0 Common stock, $0.001 par value Accumulated other comprehensive loss 1,709,935 1,366,912 (13,727) (14,410) Retained earnings 7062594 1713513
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