Netflix (NFLX) 10-K 26 Jan 23 2022 FY Annual report Financial data

Cover

Cover - USD ($)	12 Months Ended
	Dec. 31, 2022	Jun. 30, 2022
Cover [Abstract]
Document Type	10-K
Document Annual Report	true
Document Period End Date	Dec. 31, 2022
Current Fiscal Year End Date	--12-31
Document Transition Report	false
Entity File Number	001-35727
Entity Registrant Name	Netflix, Inc.
Entity Incorporation, State or Country Code	DE
Entity Tax Identification Number	77-0467272
Entity Address, Address Line One	121 Albright Way
Entity Address, City or Town	Los Gatos
Entity Address, State or Province	CA
Entity Address, Postal Zip Code	95032
City Area Code	408
Local Phone Number	540-3700
Title of 12(b) Security	Common stock, par value $0.001 per share
Trading Symbol	NFLX
Security Exchange Name	NASDAQ
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Entity Public Float		$ 76,550,886,077
Entity Common Stock, Shares Outstanding	445,346,776
Documents Incorporated by Reference	Parts of the registrant’s Proxy Statement for the registrant’s 2023 Annual Meeting of Stockholders are incorporated by reference into Part III of this Annual Report on Form 10-K.
Entity Central Index Key	0001065280
Document Fiscal Year Focus	2022
Document Fiscal Period Focus	FY
Amendment Flag	false

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2022
Audit Information [Abstract]
Auditor Firm ID	42
Auditor Name	Ernst & Young LLP
Auditor Location	San Jose, California

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Statement [Abstract]
Revenues	$ 31,615,550	$ 29,697,844	$ 24,996,056
Cost of revenues	19,168,285	17,332,683	15,276,319
Marketing	2,530,502	2,545,146	2,228,362
Technology and development	2,711,041	2,273,885	1,829,600
General and administrative	1,572,891	1,351,621	1,076,486
Operating income	5,632,831	6,194,509	4,585,289
Other income (expense):
Interest expense	(706,212)	(765,620)	(767,499)
Interest and other income (expense)	337,310	411,214	(618,441)
Income before income taxes	5,263,929	5,840,103	3,199,349
Provision for income taxes	(772,005)	(723,875)	(437,954)
Net income	$ 4,491,924	$ 5,116,228	$ 2,761,395
Earnings per share:
Basic (in USD per share)	$ 10.10	$ 11.55	$ 6.26
Diluted (in USD per share)	$ 9.95	$ 11.24	$ 6.08
Weighted-average common shares outstanding:
Basic (in shares)	444,698	443,155	440,922
Diluted (in shares)	451,290	455,372	454,208

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Statement of Comprehensive Income [Abstract]
Net income	$ 4,491,924	$ 5,116,228	$ 2,761,395
Other comprehensive income (loss):
Foreign currency translation adjustments	(176,811)	(84,893)	67,919
Comprehensive income	$ 4,315,113	$ 5,031,335	$ 2,829,314

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Cash flows from operating activities:
Net income	$ 4,491,924	$ 5,116,228	$ 2,761,395
Adjustments to reconcile net income to net cash provided by operating activities:
Additions to content assets	(16,839,038)	(17,702,202)	(11,779,284)
Change in content liabilities	179,310	232,898	(757,433)
Amortization of content assets	14,026,132	12,230,367	10,806,912
Depreciation and amortization of property, equipment and intangibles	336,682	208,412	115,710
Stock-based compensation expense	575,452	403,220	415,180
Foreign currency remeasurement loss (gain) on debt	(353,111)	(430,661)	533,278
Other non-cash items	533,543	376,777	293,126
Deferred income taxes	(166,550)	199,548	70,066
Changes in operating assets and liabilities:
Other current assets	(353,834)	(369,681)	(187,623)
Accounts payable	(158,543)	145,115	(41,605)
Accrued expenses and other liabilities	(55,513)	180,338	198,183
Deferred revenue	27,356	91,350	193,247
Other non-current assets and liabilities	(217,553)	(289,099)	(194,075)
Net cash provided by operating activities	2,026,257	392,610	2,427,077
Cash flows from investing activities:
Purchases of property and equipment	(407,729)	(524,585)	(497,923)
Change in other assets	0	(26,919)	(7,431)
Acquisitions	(757,387)	(788,349)	0
Purchases of short-term investments	(911,276)	0	0
Net cash used in investing activities	(2,076,392)	(1,339,853)	(505,354)
Cash flows from financing activities:
Proceeds from issuance of debt	0	0	1,009,464
Debt issuance costs	0	0	(7,559)
Repayments of debt	(700,000)	(500,000)	0
Proceeds from issuance of common stock	35,746	174,414	235,406
Repurchases of common stock	0	(600,022)	0
Taxes paid related to net share settlement of equity awards	0	(224,168)	0
Net cash provided by (used in) financing activities	(664,254)	(1,149,776)	1,237,311
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(170,140)	(86,740)	36,050
Net increase (decrease) in cash, cash equivalents and restricted cash	(884,529)	(2,183,759)	3,195,084
Cash, cash equivalents and restricted cash, beginning of year	6,055,111	8,238,870	5,043,786
Cash, cash equivalents and restricted cash, end of year	5,170,582	6,055,111	8,238,870
Supplemental disclosure:
Income taxes paid	811,720	509,265	291,582
Interest paid	$ 701,693	$ 763,432	$ 762,904

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Current assets:
Cash and cash equivalents	$ 5,147,176	$ 6,027,804
Short-term investments	911,276	0
Other current assets	3,208,021	2,042,021
Total current assets	9,266,473	8,069,825
Content assets, net	32,736,713	30,919,539
Property and equipment, net	1,398,257	1,323,453
Other non-current assets	5,193,325	4,271,846
Total assets	48,594,768	44,584,663
Current liabilities:
Current content liabilities	4,480,150	4,292,967
Accounts payable	671,513	837,483
Accrued expenses and other liabilities	1,514,650	1,449,351
Deferred revenue	1,264,661	1,209,342
Short-term debt	0	699,823
Total current liabilities	7,930,974	8,488,966
Non-current content liabilities	3,081,277	3,094,213
Long-term debt	14,353,076	14,693,072
Other non-current liabilities	2,452,040	2,459,164
Total liabilities	27,817,367	28,735,415
Commitments and contingencies (Note 7)
Stockholders’ equity:
Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2022 and December 31, 2021; no shares issued and outstanding at December 31, 2022 and December 31, 2021	0	0
Common stock, $0.001 par value; 4,990,000,000 shares authorized at December 31, 2022 and December 31, 2021; 445,346,776 and 443,963,107 issued and outstanding at December 31, 2022 and December 31, 2021, respectively	4,637,601	4,024,561
Treasury stock at cost (1,564,478 shares at December 31, 2022 and December 31, 2021)	(824,190)	(824,190)
Accumulated other comprehensive loss	(217,306)	(40,495)
Retained earnings	17,181,296	12,689,372
Total stockholders’ equity	20,777,401	15,849,248
Total liabilities and stockholders’ equity	$ 48,594,768	$ 44,584,663

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares	Dec. 31, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Preferred stock, par value (in USD per share)	$ 0.001	$ 0.001
Preferred stock, shares authorized (in shares)	10,000,000	10,000,000
Preferred stock, shares issued (in shares)	0	0
Preferred stock, shares outstanding (in shares)	0	0
Common stock, par value (in USD per share)	$ 0.001	$ 0.001
Common stock, shares authorized (in shares)	4,990,000,000	4,990,000,000
Common stock, shares issued (in shares)	445,346,776	443,963,107
Common stock, shares outstanding (in shares)	445,346,776	443,963,107
Treasury stock (in shares)	1,564,478	1,564,478

CONSOLIDATED STATEMENTS OF STOC

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY - USD ($) $ in Thousands	Total	Common Stock and Additional Paid-in Capital	Treasury Stock	Accumulated Other Comprehensive Income (Loss)	Retained Earnings
Beginning balance (in shares) at Dec. 31, 2019		438,806,649
Beginning balance at Dec. 31, 2019	$ 7,582,157	$ 2,793,929	$ 0	$ (23,521)	$ 4,811,749
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	2,761,395				2,761,395
Other comprehensive income (loss)	$ 67,919			67,919
Issuance of common stock upon exercise of options (in shares)	4,088,612	4,088,612
Issuance of common stock upon exercise of options	$ 238,589	$ 238,589
Stock-based compensation expense	415,180	$ 415,180
Ending balance (in shares) at Dec. 31, 2020		442,895,261
Ending balance at Dec. 31, 2020	11,065,240	$ 3,447,698	0	44,398	7,573,144
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	5,116,228				5,116,228
Other comprehensive income (loss)	$ (84,893)			(84,893)
Issuance of common stock upon exercise of options (in shares)	2,632,324	2,632,324
Issuance of common stock upon exercise of options	$ 173,643	$ 173,643
Repurchases of common stock (in shares)		(1,182,410)
Repurchases of common stock	(600,022)		(600,022)
Shares withheld related to net share settlement (in shares)		(382,068)
Shares withheld related to net share settlement	(224,168)		(224,168)
Stock-based compensation expense	$ 403,220	$ 403,220
Ending balance (in shares) at Dec. 31, 2021	443,963,107	443,963,107
Ending balance at Dec. 31, 2021	$ 15,849,248	$ 4,024,561	(824,190)	(40,495)	12,689,372
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	4,491,924				4,491,924
Other comprehensive income (loss)	$ (176,811)			(176,811)
Issuance of common stock upon exercise of options (in shares)	1,383,669	1,383,669
Issuance of common stock upon exercise of options	$ 37,588	$ 37,588
Stock-based compensation expense	$ 575,452	$ 575,452
Ending balance (in shares) at Dec. 31, 2022	445,346,776	445,346,776
Ending balance at Dec. 31, 2022	$ 20,777,401	$ 4,637,601	$ (824,190)	$ (217,306)	$ 17,181,296

Organization and Summary of Sig

Organization and Summary of Significant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization and Summary of Significant Accounting Policies	Organization and Summary of Significant Accounting Policies Description of Business Netflix, Inc. (the “Company”) was incorporated on August 29, 1997 and began operations on April 14, 1998. The Company is one of the world’s leading entertainment services with approximately 231 million paid memberships in over 190 countries enjoying TV series, films and games across a wide variety of genres and languages. Members can play, pause and resume to watch, as much as they want, anytime, anywhere, and can change their plans at any time. Basis of Presentation The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated. Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles ("GAAP") in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the content asset amortization policy and the recognition and measurement of income tax assets and liabilities. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances. On an ongoing basis, the Company evaluates these assumptions, judgments and estimates. Actual results may differ from these estimates. Recently adopted accounting pronouncements In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers . The Company adopted ASU 2021-08 in the first quarter of 2022 and the adoption had no material impact to the Company’s consolidated financial statements. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance , requiring annual disclosures about transactions with a government that are accounted for by analogizing to a grant or contribution accounting model. The new guidance requires the disclosure of the nature of the transactions, the accounting for the transactions, and the effect of the transactions on the financial statements. The Company adopted ASU 2021-10 during the year ended December 31, 2022, which most significantly impacts disclosures of tax incentives related to the production of content. Cash Equivalents and Short-term Investments The Company considers investments in instruments purchased with an original maturity of 90 days or less to be cash equivalents. The Company also classifies amounts in transit from payment processors for customer credit card and debit card transactions as cash equivalents. The Company classifies short-term investments, which consist of marketable securities with original maturities in excess of 90 days as available-for-sale. Short-term investments are reported at fair value, with allowances for credit losses included in “Interest and other income (expense)” in the Consolidated Statements of Operations and unrealized gains and losses included in “Accumulated other comprehensive income (loss)” within Stockholders’ equity in the Consolidated Balance Sheets. The Company uses the specific identification method to determine cost in calculating realized gains and losses upon the sale of short-term investments. Short-term investments are reviewed periodically for allowances for credit losses and impairment. When evaluating the investments, the Company reviews factors such as the extent to which the fair value of the security is less than the amortized cost basis, adverse conditions specifically related to the security, the financial condition of the issuer, the Company’s intent to sell, and whether it would be more likely than not that the Company would be required to sell the investments before the recovery of their amortized cost basis. Content The Company acquires, licenses and produces content, including original programming, in order to offer members unlimited viewing of video entertainment. The content licenses are for a fixed fee and specific windows of availability. Payment terms for certain content licenses and the production of content require more upfront cash payments relative to the amortization expense. Payments for content, including additions to content assets and the changes in related liabilities, are classified within "Net cash provided by (used in) operating activities" on the Consolidated Statements of Cash Flows. The Company recognizes content assets (licensed and produced) as “Content assets, net” on the Consolidated Balance Sheets. For licensed content, the Company capitalizes the fee per title and records a corresponding liability at the gross amount of the liability when the license period begins, the cost of the title is known and the title is accepted and available for streaming. For produced content, the Company capitalizes costs associated with the production, including development costs, direct costs and production overhead. Participations and residuals are expensed in line with the amortization of production costs. Based on factors including historical and estimated viewing patterns, the Company amortizes the content assets (licensed and produced) in “Cost of revenues” on the Consolidated Statements of Operations over the shorter of each title's contractual window of availability or estimated period of use or ten years, beginning with the month of first availability. The amortization is on an accelerated basis, as the Company typically expects more upfront viewing, and film amortization is more accelerated than TV series amortization. On average, over 90% of a licensed or produced content asset is expected to be amortized within four years after its month of first availability. The Company reviews factors impacting the amortization of the content assets on a regular basis. The Company's estimates related to these factors require considerable management judgment. In the normal course of business, the Company, or a third-party producing content on the Company's behalf, may qualify for tax incentives through eligible spend on productions. The accounting for tax incentives is dependent on the particular type of incentive, including the nature of the benefit and the location the incentive is earned. In general, tax incentives are realized as cash receipts and may be received prior to or after a title launches on the Company’s service. Upon a title’s launch, any amounts the Company is eligible for through qualified production spend but has not received, are recognized in “Other current assets” or “Other non-current assets” on the Company’s Consolidated Balance Sheets as receivables. Tax incentives are generally accounted for as a reduction to the cost basis of the Company’s content assets (presented in “Content assets, net”) and reduces content amortization over the life of the title (as presented in “Cost of revenues”) on the Consolidated Statement of Operations. The Company's business model is subscription based as opposed to a model generating revenues at a specific title level. Content assets (licensed and produced) are predominantly monetized as a group and therefore are reviewed in aggregate at a group level when an event or change in circumstances indicates a change in the expected usefulness of the content or that the fair value may be less than unamortized cost. To date, the Company has not identified any such event or changes in circumstances. If such changes are identified in the future, these aggregated content assets will be stated at the lower of unamortized cost or fair value. In addition, unamortized costs for assets that have been, or are expected to be, abandoned are written off. Acquisitions The Company uses its best estimates and assumptions to assign fair value to the tangible and intangible assets acquired and liabilities assumed at the acquisition date. In addition, uncertain tax positions, tax-related valuation allowances and pre-acquisition contingencies are initially recorded in connection with a business combination as of the acquisition date. Property and Equipment Property and equipment are carried at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the shorter of the estimated useful lives of the respective assets, generally up to 30 years, or the expected lease term for leasehold improvements, if applicable. Trade Receivables Trade receivables consist primarily of amounts related to members and payment partners that collect membership fees on the Company's behalf. The Company evaluates the need for an allowance for credit losses based on historical collection trends, the financial condition of its payment partners, and external market factors. The Company's allowance for credit losses was not material as of December 31, 2022 and December 31, 2021. Marketing Marketing expenses consist primarily of advertising expenses and certain payments made to the Company’s partners, including consumer electronics ("CE") manufacturers, multichannel video programming distributors ("MVPDs"), mobile operators and internet service providers ("ISPs"). Advertising expenses include promotional activities such as digital and television advertising. Advertising costs are expensed as incurred. Advertising expenses were $1,586 million, $1,669 million and $1,447 million for the years ended December 31, 2022, 2021 and 2020, respectively. Marketing expenses also include payroll and related expenses for personnel that support the Company's marketing activities. Income Taxes The Company records a provision for income taxes for the anticipated tax consequences of the reported results of operations using the asset and liability method. Deferred income taxes are recognized by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases as well as net operating loss and tax credit carryforwards. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The measurement of deferred tax assets is reduced, if necessary, by a valuation allowance for any tax benefits for which future realization is uncertain. The Company did not recognize certain tax benefits from uncertain tax positions within the provision for income taxes. The Company may recognize a tax benefit only if it is more likely than not the tax position will be sustained on examination by the taxing authorities, based on the technical merits of the position. The tax benefits recognized in the financial statements from such positions are then measured based on the largest benefit that has a greater than 50% likelihood of being realized upon settlement. The Company recognizes interest and penalties related to uncertain tax positions in income tax expense. See Note 10 Income Taxes to the consolidated financial statements for further information regarding income taxes. Foreign Currency The functional currency for the Company's subsidiaries is determined based on the primary economic environment in which the subsidiary operates. The Company translates the assets and liabilities of its non-U.S. dollar functional currency subsidiaries into U.S. dollars using exchange rates in effect at the end of each period. Revenues and expenses for these subsidiaries are translated using rates that approximate those in effect during the period. Gains and losses from these translations are recognized in cumulative translation adjustment included in "Accumulated other comprehensive income (loss)" in Stockholders’ equity on the Consolidated Balance Sheets. The Company remeasures monetary assets and liabilities that are not denominated in the functional currency at exchange rates in effect at the end of each period. Gains and losses from these remeasurements are recognized in interest and other income (expense). Foreign currency transactions resulted in a gain of $282 million and $403 million for the years ended December 31, 2022 and 2021, respectively, and a loss of $660 million for the year ended December 31, 2020. These gains and losses were primarily due to the non-cash remeasurement of our Senior Notes denominated in euros and the remeasurement of cash and content liability positions denominated in currencies other than functional currencies. Stock-Based Compensation The Company grants non-qualified stock options to its employees on a monthly basis. Stock-based compensation expense is based on the fair value of the options at the grant date and is recognized, net of forfeitures, over the requisite service period. See Note 9 Stockholders' Equity to the consolidated financial statements for further information regarding stock-based compensation.

Revenue Recognition

Revenue Recognition	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Revenue Recognition	Revenue Recognition The Company's primary source of revenues is from monthly membership fees. Members are billed in advance of the start of their monthly membership and revenues are recognized ratably over each monthly membership period. Revenues are presented net of the taxes that are collected from members and remitted to governmental authorities. The Company is the principal in all its relationships where partners, including CE manufacturers, MVPDs, mobile operators and ISPs, provide access to the service as the Company retains control over service delivery to its members. Typically, payments made to the partners, such as for marketing, are expensed. However, if there is no distinct service provided in exchange for the payments made to the partners or if the price that the member pays is established by the partners and there is no standalone price for the Netflix service (for instance, in a bundle), these payments are recognized as a reduction of revenues. The following tables summarize revenues, paid net membership additions, and ending paid memberships by region for the years ended December 31, 2022, 2021 and 2020, respectively: United States and Canada (UCAN) As of/ Year Ended December 31, 2022 2021 2020 (in thousands) Revenues $ 14,084,643 $ 12,972,100 $ 11,455,396 Paid net membership additions (losses) (919) 1,279 6,274 Paid memberships at end of period 74,296 75,215 73,936 Europe, Middle East, and Africa (EMEA) As of/ Year Ended December 31, 2022 2021 2020 (in thousands) Revenues $ 9,745,015 $ 9,699,819 $ 7,772,252 Paid net membership additions 2,693 7,338 14,920 Paid memberships at end of period 76,729 74,036 66,698 Latin America (LATAM) As of/ Year Ended December 31, 2022 2021 2020 (in thousands) Revenues $ 4,069,973 $ 3,576,976 $ 3,156,727 Paid net membership additions 1,738 2,424 6,120 Paid memberships at end of period 41,699 39,961 37,537 Asia-Pacific (APAC) As of/ Year Ended December 31, 2022 2021 2020 (in thousands) Revenues $ 3,570,221 $ 3,266,601 $ 2,372,300 Paid net membership additions 5,391 7,140 9,259 Paid memberships at end of period 38,023 32,632 25,492 A paid membership (also referred to as a paid subscription) is defined as a membership that has the right to receive Netflix service following sign-up and a method of payment being provided, and that is not part of a free trial or certain other promotions that may be offered by the Company to new or rejoining members. Certain members have the option to add extra member sub accounts. These extra member sub accounts are not included in paid memberships. A membership is canceled and ceases to be reflected in the above metrics as of the effective cancellation date. Voluntary cancellations generally become effective at the end of the prepaid membership period. Involuntary cancellations, as a result of a failed method of payment, become effective immediately. Memberships are assigned to territories based on the geographic location used at time of sign-up as determined by the Company’s internal systems, which utilize industry standard geo-location technology. Total U.S. revenues, inclusive of DVD revenues not reported in the tables above, were $13.0 billion, $12.1 billion and $10.8 billion for the years ended December 31, 2022, 2021 and 2020, respectively. DVD revenues were $0.1 billion, $0.2 billion, and $0.2 billion for the years ended December 31, 2022, 2021 and 2020, respectively. Deferred revenue consists of membership fees billed that have not been recognized, as well as gift and other prepaid memberships that have not been fully redeemed. As of December 31, 2022, total deferred revenue was $1,265 million, the vast

Earnings Per Share

Earnings Per Share	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Earnings Per Share	Earnings per Share Basic earnings per share is computed using the weighted-average number of outstanding shares of common stock during the period. Diluted earnings per share is computed using the weighted-average number of outstanding shares of common stock and, when dilutive, potential common shares outstanding during the period. Potential common shares consist of incremental shares issuable upon the assumed exercise of stock options. The computation of earnings per share is as follows: Year ended December 31, 2022 2021 2020 (in thousands, except per share data) Basic earnings per share: Net income $ 4,491,924 $ 5,116,228 $ 2,761,395 Shares used in computation: Weighted-average common shares outstanding 444,698 443,155 440,922 Basic earnings per share $ 10.10 $ 11.55 $ 6.26 Diluted earnings per share: Net income $ 4,491,924 $ 5,116,228 $ 2,761,395 Shares used in computation: Weighted-average common shares outstanding 444,698 443,155 440,922 Employee stock options 6,592 12,217 13,286 Weighted-average number of shares 451,290 455,372 454,208 Diluted earnings per share $ 9.95 $ 11.24 $ 6.08 Employee stock options with exercise prices greater than the average market price of the common stock were excluded from the diluted calculation as their inclusion would have been anti-dilutive. The following table summarizes the potential common shares excluded from the diluted calculation: Year ended December 31, 2022 2021 2020 (in thousands) Employee stock options 6,790 348 484

Cash, Cash Equivalents, Restric

Cash, Cash Equivalents, Restricted Cash, and Short-term Investments	12 Months Ended
	Dec. 31, 2022
Short-Term Investments And Fair Value Measurement [Abstract]
Cash, Cash Equivalents, Restricted Cash, and Short-term Investments	Cash, Cash Equivalents, Restricted Cash, and Short-term Investments The Company’s investment policy is consistent with the definition of available-for-sale securities. The Company does not buy and hold securities principally for the purpose of selling them in the near future. The Company’s policy is focused on the preservation of capital, liquidity and return. From time to time, the Company may sell certain securities but the objectives are generally not to generate profits on short-term differences in price. The following tables summarize the Company's cash, cash equivalents, restricted cash and short-term investments as of December 31, 2022 and 2021: As of December 31, 2022 Cash and cash equivalents Short-term investments Other Current Assets Non-current Assets Total (in thousands) Cash $ 4,071,584 $ — $ 3,410 $ 19,874 $ 4,094,868 Level 1 securities: Money market funds 569,826 — — 122 569,948 Level 2 securities: Time Deposits (1) 505,766 911,276 — — 1,417,042 $ 5,147,176 $ 911,276 $ 3,410 $ 19,996 $ 6,081,858 (1) The majority of the Company's time deposits are domestic deposits, which mature within one year. As of December 31, 2021 Cash and cash equivalents Other Current Assets Non-current Assets Total (in thousands) Cash $ 4,103,613 $ 3,189 $ 23,972 $ 4,130,774 Level 1 securities: Money market funds 1,924,191 — 146 1,924,337 $ 6,027,804 $ 3,189 $ 24,118 $ 6,055,111 Other current assets include restricted cash for deposits related to self insurance and letter of credit agreements. Non-current assets include restricted cash related to letter of credit agreements. The fair value of cash equivalents and short-term investments included in the Level 2 category is based on observable inputs, such as quoted prices for similar assets at the measurement date; quoted prices in markets that are not active; or other inputs that are observable, either directly or indirectly. See Note 6 Debt to the consolidated financial statements for further information regarding the fair value of the Company’s senior notes.

Balance Sheet Components

Balance Sheet Components	12 Months Ended
	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Balance Sheet Components	Balance Sheet Components Content Assets, Net Content assets consisted of the following: As of December 31, 2022 2021 (in thousands) Licensed content, net $ 12,732,549 $ 13,799,221 Produced content, net Released, less amortization 9,110,518 6,877,743 In production 10,255,940 9,235,975 In development and pre-production 637,706 1,006,600 20,004,164 17,120,318 Content assets, net $ 32,736,713 $ 30,919,539 As of December 31, 2022, approximately $5,428 million, $2,853 million, and $1,984 million of the $12,733 million unamortized cost of the licensed content is expected to be amortized in each of the next three years. As of December 31, 2022, approximately $3,565 million, $2,310 million, and $1,601 million of the $9,111 million unamortized cost of the produced content that has been released is expected to be amortized in each of the next three years. As of December 31, 2022, the amount of accrued participations and residuals was not material. The following table represents the amortization of content assets: Year ended December 31, 2022 2021 2020 (in thousands) Licensed content $ 7,681,978 $ 8,055,811 $ 7,544,631 Produced content (1) 6,344,154 4,174,556 3,262,281 Total $ 14,026,132 $ 12,230,367 $ 10,806,912 (1) Tax incentives earned on qualified production spend generally reduce the cost-basis of content assets and result in lower content amortization over the life of the title. For the year ended December 31, 2022, tax incentives resulted in lower content amortization on produced content of approximately $719 million. Property and Equipment, Net Property and equipment and accumulated depreciation consisted of the following: As of December 31, Estimated Useful Lives (in Years) 2022 2021 (in thousands) Land $ 85,005 $ 82,381 Buildings 52,106 48,123 30 years Leasehold improvements 1,040,570 863,342 Over life of lease Furniture and fixtures 153,682 139,809 3 years Information technology 442,681 380,452 3 years Corporate aircraft 115,578 110,978 8-10 years Machinery and equipment 26,821 32,426 3-5 years Capital work-in-progress 235,555 282,248 Property and equipment, gross 2,151,998 1,939,759 Less: Accumulated depreciation (753,741) (616,306) Property and equipment, net $ 1,398,257 $ 1,323,453 Leases The Company has entered into operating leases primarily for real estate. These leases generally have terms which range from 1 year to 15 years, and often include one or more options to renew. These renewal terms can extend the lease term from 1 year to 20 years, and are included in the lease term when it is reasonably certain that the Company will exercise the option. These operating leases are included in "Other non-current assets" on the Company's Consolidated Balance Sheets, and represent the Company’s right to use the underlying asset for the lease term. The Company’s obligations to make lease payments are included in "Accrued expenses and other liabilities" and "Other non-current liabilities" on the Company's Consolidated Balance Sheets. Operating lease right-of-use assets and liabilities are recognized at the commencement date based on the present value of lease payments over the lease term. The Company has entered into various short-term operating leases with an initial term of twelve months or less. These leases are not recorded on the Company's Consolidated Balance Sheets. All operating lease expense is recognized on a straight-line basis over the lease term. Because the rate implicit in each lease is not readily determinable, the Company uses its incremental borrowing rate to determine the present value of the lease payments. The Company has certain contracts for real estate which may contain lease and non-lease components which it has elected to treat as a single lease component. The components of lease costs for the years ended December 31, 2022, 2021 and 2020 were as follows: Year ended December 31, 2022 2021 2020 (in thousands) Operating lease cost $ 413,664 $ 389,805 $ 323,905 Short-term lease cost 194,764 152,765 116,606 Total lease cost $ 608,428 $ 542,570 $ 440,511 Information related to the Company's operating right-of-use assets and related operating lease liabilities were as follows: Year ended December 31, 2022 2021 2020 (in thousands) Cash paid for operating lease liabilities $ 413,034 $ 349,586 $ 259,559 Right-of-use assets obtained in exchange for new operating lease obligations 252,393 764,142 729,942 As of December 31, 2022 2021 (in thousands, except lease term and discount rate) Operating lease right-of-use assets, net $ 2,227,122 $ 2,446,573 Current operating lease liabilities $ 355,985 $ 315,189 Non-current operating lease liabilities 2,222,503 2,408,486 Total operating lease liabilities $ 2,578,488 $ 2,723,675 Weighted-average remaining lease term 8.3 years 9.2 years Weighted-average discount rate 3.2 % 3.1 % Maturities of operating lease liabilities as of December 31, 2022 were as follows (in thousands): Due in 12 month period ended December 31, 2023 $ 433,167 2024 406,293 2025 377,371 2026 368,496 2027 310,903 Thereafter 1,036,327 2,932,557 Less imputed interest (354,069) Total operating lease liabilities 2,578,488 The Company has additional operating leases for real estate of $419 million which have not commenced as of December 31, 2022, and as such, have not been recognized on the Company's Consolidated Balance Sheets. These operating leases are expected to commence in 2023 and 2024 with lease terms between 2 and 10 years. Other Current Assets Other current assets consisted of the following: As of December 31, December 31, (in thousands) Trade receivables $ 988,898 $ 804,320 Prepaid expenses 392,735 323,818 Other (1) 1,826,388 913,883 Total other current assets $ 3,208,021 $ 2,042,021 (1) $598 million of tax incentives earned on production spend is included in Other as of December 31, 2022.

Debt

Debt	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Debt	Debt As of December 31, 2022, the Company had aggregate outstanding notes of $14,353 million, net of $79 million of issuance costs, with varying maturities (the "Notes"). As of December 31, 2021, the Company had aggregate outstanding long-term notes of $15,393 million, net of $92 million of issuance costs. Each of the Notes were issued at par and are senior unsecured obligations of the Company. Interest is payable semi-annually at fixed rates. A portion of the outstanding Notes is denominated in foreign currency (comprised of €5,170 million) and is remeasured into U.S. dollars at each balance sheet date (with remeasurement gain totaling $353 million for the year ended December 31, 2022). The following table provides a summary of the Company's outstanding debt and the fair values based on quoted market prices in less active markets as of December 31, 2022 and December 31, 2021: Principal Amount at Par Level 2 Fair Value as of December 31, December 31, Issuance Date Maturity December 31, December 31, (in millions) (in millions) 5.500% Senior Notes $ — $ 700 February 2015 February 2022 $ — $ 704 5.750% Senior Notes 400 400 February 2014 March 2024 404 437 5.875% Senior Notes 800 800 February 2015 February 2025 811 899 3.000% Senior Notes (1) 503 535 April 2020 June 2025 495 581 3.625% Senior Notes 500 500 April 2020 June 2025 479 529 4.375% Senior Notes 1,000 1,000 October 2016 November 2026 980 1,111 3.625% Senior Notes (1) 1,391 1,480 May 2017 May 2027 1,338 1,702 4.875% Senior Notes 1,600 1,600 October 2017 April 2028 1,557 1,829 5.875% Senior Notes 1,900 1,900 April 2018 November 2028 1,930 2,293 4.625% Senior Notes (1) 1,177 1,252 October 2018 May 2029 1,151 1,565 6.375% Senior Notes 800 800 October 2018 May 2029 830 999 3.875% Senior Notes (1) 1,284 1,366 April 2019 November 2029 1,201 1,651 5.375% Senior Notes 900 900 April 2019 November 2029 885 1,068 3.625% Senior Notes (1) 1,177 1,252 October 2019 June 2030 1,078 1,493 4.875% Senior Notes 1,000 1,000 October 2019 June 2030 944 1,169 $ 14,432 $ 15,485 $ 14,083 $ 18,030 (1) The following Senior Notes have a principal amount denominated in euro: 3.000% Senior Notes for €470 million, 3.625% Senior Notes for €1,300 million, 4.625% Senior Notes for €1,100 million, 3.875% Senior Notes for €1,200 million, and 3.625% Senior Notes for €1,100 million. Each of the Notes are repayable in whole or in part upon the occurrence of a change of control, at the option of the holders, at a purchase price in cash equal to 101% of the principal plus accrued interest. The Company may redeem the Notes prior to maturity in whole or in part at an amount equal to the principal amount thereof plus accrued and unpaid interest and an applicable premium. The Notes include, among other terms and conditions, limitations on the Company's ability to create, incur or allow certain liens; enter into sale and lease-back transactions; create, assume, incur or guarantee additional indebtedness of certain of the Company's subsidiaries; and consolidate or merge with, or convey, transfer or lease all or substantially all of the Company's and its subsidiaries assets, to another person. As of December 31, 2022 and December 31, 2021, the Company was in compliance with all related covenants. Revolving Credit Facility As of December 31, 2022, the Company has a $1 billion unsecured revolving credit facility ("Revolving Credit Agreement"), which matures on June 17, 2026. Revolving loans may be borrowed, repaid and reborrowed until June 17, 2026, at which time all amounts borrowed must be repaid. The Company may use the proceeds of future borrowings under the Revolving Credit Agreement for working capital and general corporate purposes. As of December 31, 2022, no amounts have been borrowed under the Revolving Credit Agreement. The borrowings under the Revolving Credit Agreement bear interest, at the Company’s option, of either (i) a floating rate equal to a base rate (the “Alternate Base Rate”) or (ii) a rate equal to an adjusted London interbank offered rate (the “Adjusted LIBO Rate”), plus a margin of 0.75%. The Alternate Base Rate is defined as the greatest of (A) the rate of interest published by the Wall Street Journal, from time to time, as the prime rate, (B) the federal funds rate, plus 0.500% and (C) the Adjusted LIBO Rate for a one-month interest period, plus 1.00%. The Adjusted LIBO Rate is defined as the London interbank offered rate for deposits in U.S. dollars, for the relevant interest period, adjusted for statutory reserve requirements, but in no event shall the Adjusted LIBO Rate be less than 0.00% per annum. Regulatory authorities that oversee financial markets have announced that after the end of 2021, they would no longer compel banks currently reporting information used to set the Adjusted LIBO Rate to continue to make rate submissions, and that publication of the Adjusted LIBO Rate based upon U.S. Dollars is expected to cease on June 30, 2023. The Revolving Credit Agreement contains customary provisions for the replacement of the Adjusted LIBO Rate with an alternate benchmark rate, including a rate based on the secured overnight financing rate published by the Federal Reserve Bank of New York, as the Adjusted LIBO Rate is phased out in the lending market. The Company does not anticipate that the replacement of the Adjusted LIBO Rate with such alternative benchmark rate, as provided in the Revolving Credit Agreement, will materially impact its liquidity or financial position. The Company is also obligated to pay a commitment fee on the undrawn amounts of the Revolving Credit Agreement at an annual rate of 0.10%. The Revolving Credit Agreement requires the Company to comply with certain covenants, including covenants that limit or restrict the ability of the Company’s subsidiaries to incur debt and limit or restrict the ability of the Company and its subsidiaries to grant liens and enter into sale and leaseback transactions; and, in the case of the Company or a guarantor, merge, consolidate, liquidate, dissolve or sell, transfer, lease or otherwise dispose of all or substantially all of the assets of the Company and its subsidiaries, taken as a whole. As of December 31, 2022 and December 31, 2021, the Company was in compliance with all related covenants.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	Commitments and Contingencies Content At December 31, 2022, the Company had $21.8 billion of obligations comprised of $4.5 billion included in "Current content liabilities" and $3.1 billion of "Non-current content liabilities" on the Consolidated Balance Sheets and $14.2 billion of obligations that are not reflected on the Consolidated Balance Sheets as they did not yet meet the criteria for asset recognition. At December 31, 2021, the Company had $23.2 billion of obligations comprised of $4.3 billion included in "Current content liabilities" and $3.1 billion of "Non-current content liabilities" on the Consolidated Balance Sheets and $15.8 billion of obligations that are not reflected on the Consolidated Balance Sheets as they did not yet meet the criteria for asset recognition. The expected timing of payments for these content obligations is as follows: As of December 31, 2022 2021 (in thousands) Less than one year $ 10,038,483 $ 10,019,306 Due after one year and through 3 years 9,425,551 9,238,315 Due after 3 years and through 5 years 2,124,307 3,238,977 Due after 5 years 243,606 664,762 Total content obligations $ 21,831,947 $ 23,161,360 Content obligations include amounts related to the acquisition, licensing and production of content. Obligations that are in non-U.S. dollar currencies are translated to the U.S. dollar at period end rates. An obligation for the production of content includes non-cancelable commitments under creative talent and employment agreements as well as other production related commitments. An obligation for the acquisition and licensing of content is incurred at the time the Company enters into an agreement to obtain future titles. Once a title becomes available, a content liability is recorded on the Consolidated Balance Sheets. Certain agreements include the obligation to license rights for unknown future titles, the ultimate quantity and/or fees for which are not yet determinable as of the reporting date. Traditional film output deals, or certain TV series license agreements where the number of seasons to be aired is unknown, are examples of such license agreements. The Company does not include any estimated obligation for these future titles beyond the known minimum amount. However, the unknown obligations are expected to be significant. Legal Proceedings From time to time, in the normal course of its operations, the Company is subject to litigation matters and claims, including claims relating to employee relations, business practices and patent infringement. Litigation can be expensive and disruptive to normal business operations. Moreover, the results of complex legal proceedings are difficult to predict and the Company's view of these matters may change in the future as the litigation and events related thereto unfold. The Company expenses legal fees as incurred. The Company records a provision for contingent losses when it is both probable that a liability has been incurred and the amount of the loss can be reasonably estimated. An unfavorable outcome to any legal matter, if material, could have an adverse effect on the Company's operations or its financial position, liquidity or results of operations. The Company is involved in litigation matters not listed herein but does not consider the matters to be material either individually or in the aggregate at this time. The Company's view of the matters not listed may change in the future as the litigation and events related thereto unfold.

Guarantees_Indemnification Obli

Guarantees—Indemnification Obligations	12 Months Ended
	Dec. 31, 2022
Guarantees [Abstract]
Guarantees—Indemnification Obligations	Guarantees—Indemnification Obligations In the ordinary course of business, the Company has entered into contractual arrangements under which it has agreed to provide indemnification of varying scope and terms to business partners and other parties with respect to certain matters, including, but not limited to, losses arising out of the Company’s breach of such agreements and out of intellectual property infringement claims made by third parties. In these circumstances, payment may be conditional on the other party making a claim pursuant to the procedures specified in the particular contract. The Company’s obligations under these agreements may be limited in terms of time or amount, and in some instances, the Company may have recourse against third parties for certain payments. In addition, the Company has entered into indemnification agreements with its directors and certain of its officers that will require it, among other things, to indemnify them against certain liabilities that may arise by reason of their status or service as directors or officers. The terms of such obligations vary. It is not possible to make a reasonable estimate of the maximum potential amount of future payments under these or similar agreements due to the conditional nature of the Company’s obligations and the unique facts and circumstances involved in each particular agreement. No amount has been accrued in the accompanying consolidated financial statements with respect to these indemnification guarantees.

Stockholders' Equity

Stockholders' Equity	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Stockholders' Equity	Stockholders’ Equity Voting Rights The holders of each share of common stock shall be entitled to one vote per share on all matters to be voted upon by the Company’s stockholders. Stock Option Plan On June 4, 2020, the Company's stockholders approved the 2020 Stock Plan, which was adopted by the Company's Board of Directors on March 4, 2020 subject to stockholder approval. The 2020 Stock Plan is the successor to the 2011 Stock Plan. The 2020 Stock Plan provides for the grant of incentive stock options to employees and for the grant of non-statutory stock options, stock appreciation rights, restricted stock and restricted stock units to employees, directors and consultants. The 2020 Stock Plan authorized 17,500,000 new shares to be available for award grants. As of the date the 2020 Stock Plan was adopted by the Company's Board of Directors, 5,530,106 shares were available to be granted under the 2011 Stock Plan. These shares are available for award grants under the 2020 Stock Plan. A summary of the activities related to the Company’s stock option plans is as follows: Shares Available Options Outstanding Number of Weighted- Average Exercise Price Balances as of December 31, 2019 6,111,561 20,859,326 $ 124.28 New Shares Authorized 17,500,000 — — Granted (1,909,476) 1,909,476 432.34 Exercised (4,088,612) 58.35 Expired — (3,380) 27.54 Balances as of December 31, 2020 21,702,085 18,676,810 $ 170.23 Granted (1,556,725) 1,556,725 554.11 Exercised (2,632,324) 65.97 Expired — (5,360) 34.63 Balances as of December 31, 2021 20,145,360 17,595,851 $ 219.83 Granted (3,691,257) 3,691,257 267.94 Exercised — (1,383,669) 27.19 Expired — (6,578) 11.10 Balances as of December 31, 2022 16,454,103 19,896,861 $ 242.22 Vested and exercisable at December 31, 2022 19,896,861 $ 242.22 The aggregate intrinsic value of the Company's outstanding stock options as of December 31, 2022 was $1,951 million and represents the total pretax intrinsic value (the difference between the Company’s closing stock price on the last trading day of 2022 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on the last trading day of 2022. This amount changes based on the fair market value of the Company’s common stock. Total intrinsic value of options exercised for the years ended December 31, 2022, 2021 and 2020 was $346 million, $1,363 million and $1,596 million, respectively. The weighted-average remaining contractual term of the Company's outstanding stock options as of December 31, 2022 included in the table above was 5.61 years. Cash received from option exercises for the years ended December 31, 2022, 2021 and 2020 was $36 million, $174 million and $235 million, respectively. The Company records stock option exercises based on trade date. Stock-Based Compensation Stock options granted are exercisable for the full ten year contractual term regardless of employment status. The following table summarizes the assumptions used to value option grants using the lattice-binomial model and the valuation data: Year Ended December 31, 2022 2021 2020 Dividend yield — % — % — % Expected volatility 38% - 52% 34% - 41% 37% - 45% Risk-free interest rate 1.71% - 3.79% 1.08% - 1.62% 0.67% - 1.71% Suboptimal exercise factor 4.71 - 4.82 3.81 - 3.98 3.34 - 3.67 Valuation data: Weighted-average fair value (per share) $ 155.88 $ 259.01 $ 217.42 Total stock-based compensation expense (in thousands) 575,452 403,220 415,180 Total income tax impact on provision (in thousands) 127,289 89,642 91,718 The Company considers several factors in determining the suboptimal exercise factor, including the historical and estimated option exercise behavior. The Company calculates expected volatility based solely on implied volatility. The Company believes that implied volatility of publicly traded options in its common stock is more reflective of market conditions, and given consistently high trade volumes of the options, can reasonably be expected to be a better indicator of expected volatility than historical volatility of its common stock. In valuing shares issued under the Company’s employee stock option plans, the Company bases the risk-free interest rate on U.S. Treasury zero-coupon issues with terms similar to the contractual term of the options. The Company does not anticipate paying any cash dividends in the foreseeable future and therefore uses an expected dividend yield of zero in the option valuation model. The Company does not use a post-vesting termination rate as options are fully vested upon grant date. Stock Repurchases In March 2021, the Company’s Board of Directors authorized the repurchase of up to $5 billion of its common stock, with no expiration date. Stock repurchases may be effected through open market repurchases in compliance with Rule 10b-18 under the Exchange Act, including through the use of trading plans intended to qualify under Rule 10b5-1 under the Exchange Act, privately-negotiated transactions, accelerated stock repurchase plans, block purchases, or other similar purchase techniques and in such amounts as management deems appropriate. The Company is not obligated to repurchase any specific number of shares, and the timing and actual number of shares repurchased will depend on a variety of factors, including the Company’s stock price, general economic, business and market conditions, and alternative investment opportunities. The Company may discontinue any repurchases of its common stock at any time without prior notice. There were no repurchases during the year ended December 31, 2022. As of December 31, 2022, $4.4 billion remain available for repurchases. Shares repurchased by the Company are accounted for when the transaction is settled. Direct costs incurred to acquire the shares are included in the total cost of the shares.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes Income before provision for income taxes was as follows: Year Ended December 31, 2022 2021 2020 (in thousands) United States $ 4,690,442 $ 5,365,547 $ 2,789,064 Foreign 573,487 474,556 410,285 Income before income taxes $ 5,263,929 $ 5,840,103 $ 3,199,349 The components of provision for income taxes for all periods presented were as follows: Year Ended December 31, 2022 2021 2020 (in thousands) Current tax provision: Federal $ 109,910 $ 57,526 $ 24,221 State 119,795 109,641 65,821 Foreign 676,827 357,189 277,846 Total current 906,532 524,356 367,888 Deferred tax provision: Federal (52,434) 188,937 (57,765) State (30,691) (2,700) 164,685 Foreign (51,402) 13,282 (36,854) Total deferred (134,527) 199,519 70,066 Provision for income taxes $ 772,005 $ 723,875 $ 437,954 A reconciliation of the provision for income taxes, with the amount computed by applying the statutory Federal income tax rate to income before income taxes is as follows: Year Ended December 31, 2022 2021 2020 (in thousands) Expected tax expense at U.S. Federal statutory rates $ 1,105,428 $ 1,226,422 $ 671,864 State income taxes, net of Federal income tax effect 92,084 111,400 65,808 Foreign earnings at other than U.S. rates 112,628 (23,963) 12,212 Federal and California R&D tax credits (146,615) (82,909) (113,882) Valuation allowance on California R&D tax credits — — 183,283 Excess tax benefits on stock-based compensation (75,211) (290,899) (339,436) Tax effects of the Tax Cuts and Jobs Act (368,976) (254,763) (87,194) Nondeductible Officers Compensation 33,836 26,874 30,351 Other 18,831 11,713 14,948 Provision for income taxes $ 772,005 $ 723,875 $ 437,954 Effective Tax Rate 15 % 12 % 14 % The components of deferred tax assets and liabilities were as follows: As of December 31, 2022 2021 (in thousands) Deferred tax assets: Stock-based compensation $ 443,456 $ 351,238 Federal and California tax R&D credits 342,589 484,793 Foreign tax credits 11,899 2,045 Capitalized Research Expenses 323,998 — Accruals and reserves 119,732 165,214 Operating leases 551,418 570,830 Foreign Net Operating Losses 20,092 8,043 Unrealized Gain/Loss (47,283) 13,772 Other 2,234 5,420 Gross deferred tax assets 1,768,135 1,601,355 Depreciation & amortization (456,717) (388,115) Operating leases (473,928) (506,403) Acquisitions (232,607) (240,334) Gross deferred tax liabilities (1,163,252) (1,134,852) Valuation allowance (343,342) (318,408) Net deferred tax assets $ 261,541 $ 148,095 All deferred tax assets are classified as “Other non-current assets” on the Consolidated Balance Sheets as of December 31, 2022 and December 31, 2021. In evaluating its ability to realize the net deferred tax assets, the Company considered all available positive and negative evidence, including its past operating results and the forecast of future market growth, forecasted earnings, future taxable income, and prudent and feasible tax planning strategies. As of December 31, 2022, the valuation allowance of $343 million was related to the California R&D credits and certain foreign tax attributes that the Company does not expect to realize. As of December 31, 2022, the Company's California R&D tax credit carryforwards for tax return purposes was $504 million. The unrecognized tax benefits that are not expected to result in payment or receipt of cash within one year are classified as “Other non-current liabilities” and a reduction of deferred tax assets which is classified as "Other non-current assets" in the Consolidated Balance Sheets. As of December 31, 2022, the total amount of gross unrecognized tax benefits was $227 million, of which $155 million, if recognized, would favorably impact the Company’s effective tax rate. As of December 31, 2021, the total amount of gross unrecognized tax benefits was $203 million, of which $136 million, if recognized, would favorably impact the Company’s effective tax rate. The aggregate changes in the Company’s total gross amount of unrecognized tax benefits are summarized as follows (in thousands): Balances as of December 31, 2020 $ 140,124 Increases related to tax positions taken during prior periods 27,116 Decreases related to tax positions taken during prior periods — Increases related to tax positions taken during the current period 35,317 Decreases related to expiration of statute of limitations — Balances as of December 31, 2021 202,557 Increases related to tax positions taken during prior periods — Decreases related to tax positions taken during prior periods (2,445) Increases related to tax positions taken during the current period 26,865 Decreases related to expiration of statute of limitations — Balances as of December 31, 2022 $ 226,977 The Company includes interest and penalties related to unrecognized tax benefits within the provision for income taxes and in “Other non-current liabilities” in the Consolidated Balance Sheets. Interest and penalties included in the Company's provision for income taxes were not material in all the periods presented. The Company files U.S. Federal, state and foreign tax returns. The Company is currently under examination by the IRS for years 2016 through 2018 and is subject to examination for 2019 through 2021. The foreign and state tax returns for years 2015 through 2021 are subject to examination by various states and foreign jurisdictions. While the Company is in various stages of inquiries and examinations for some state and federal taxing authorities, we believe that our tax positions will more likely than not be sustained. Nonetheless, it is possible that future obligations related to these matters could arise. Given the potential outcome of the current examinations as well as the impact of the current examinations on the potential expiration of the statute of limitations, it is reasonably possible that the balance of unrecognized tax benefits could significantly change within the next twelve months. However, an estimate of the range of reasonably possible adjustments cannot be made at this time.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Employee Benefit Plan	Employee Benefit Plan The Company maintains a 401(k) savings plan covering substantially all of its employees. Eligible employees may contribute up to 80% of their annual salary through payroll deductions, but not more than the statutory limits set by the Internal Revenue Service. The Company matches employee contributions at the discretion of the Board. During 2022, 2021 and 2020, the Company’s matching contributions totaled $102 million, $85 million and $69 million, respectively. Multiemployer Benefit Plans The Company contributes to various multiemployer defined pension plans under the terms of collective bargaining agreements that cover our union-represented employees. The risks of participating in multiemployer pension plans are different from single-employer plans such that (i) contributions made by the Company to the multiemployer pension plans may be used to provide benefits to employees of other participating employers; (ii) if the Company chooses to stop participating in the multiemployer pension plans, it may be required to pay those plans an amount based on the underfunded status of the plan; and (iii) if the Company stops contributing to the multiemployer pension plan, the unfunded obligations of the plan may become the obligation of the remaining participating employers. The Company also contributes to various other multiemployer benefit plans that provide health and welfare benefits to both active and retired participants. The Company does not participate in any multiemployer benefit plans that are individually significant to the Company. The following table summarizes the Company's contributions to multiemployer pension and health plans for the years ended December 31, 2022, 2021 and 2020, respectively: Year Ended December 31, 2022 2021 2020 (in thousands) Pension benefits $ 127,885 $ 111,133 $ 78,060 Health benefits 96,285 83,153 52,322 Total contributions $ 224,170 $ 194,286 $ 130,382

Segment and Geographic Informat

Segment and Geographic Information	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Segment and Geographic Information	Segment and Geographic Information The Company operates as one operating segment. The Company's chief operating decision maker ("CODM") is its co-chief executive officers, who review financial information presented on a consolidated basis for purposes of making operating decisions, assessing financial performance and allocating resources. Total U.S. revenues were $13.0 billion, $12.1 billion and $10.8 billion for the years ended December 31, 2022, 2021 and 2020, respectively. See Note 2 Revenue Recognition for additional information about streaming revenue by region. The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized on the Consolidated Balance Sheets were located as follows: As of December 31, 2022 2021 (in thousands) United States $ 2,745,071 $ 2,833,059 International 880,308 936,967

Organization and Summary of S_2

Organization and Summary of Significant Accounting Policies (Policy)	12 Months Ended
	Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Basis of Presentation	Basis of PresentationThe consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries. Intercompany balances and transactions have been eliminated.
Use of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with generally accepted accounting principles ("GAAP") in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting periods. Significant items subject to such estimates and assumptions include the content asset amortization policy and the recognition and measurement of income tax assets and liabilities. The Company bases its estimates on historical experience and on various other assumptions that the Company believes to be reasonable under the circumstances. On an ongoing basis, the Company evaluates these assumptions, judgments and estimates. Actual results may differ from these estimates.
Recently adopted accounting pronouncements and Recently issued accounting pronouncements not yet adopted	Recently adopted accounting pronouncements In October 2021, the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update (“ASU”) 2021-08, Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers , which requires an acquirer in a business combination to recognize and measure contract assets and contract liabilities in accordance with Accounting Standards Codification Topic 606, Revenue from Contracts with Customers . The Company adopted ASU 2021-08 in the first quarter of 2022 and the adoption had no material impact to the Company’s consolidated financial statements. In November 2021, the FASB issued ASU 2021-10, Government Assistance (Topic 832): Disclosures by Business Entities about Government Assistance
Cash Equivalents and Short-term Investments	Cash Equivalents and Short-term Investments The Company considers investments in instruments purchased with an original maturity of 90 days or less to be cash equivalents. The Company also classifies amounts in transit from payment processors for customer credit card and debit card transactions as cash equivalents. The Company classifies short-term investments, which consist of marketable securities with original maturities in excess of 90 days as available-for-sale. Short-term investments are reported at fair value, with allowances for credit losses included in “Interest and other income (expense)” in the Consolidated Statements of Operations and unrealized gains and losses included in “Accumulated other comprehensive income (loss)” within Stockholders’ equity in the Consolidated Balance Sheets. The Company uses the specific identification method to determine cost in calculating realized gains and losses upon the sale of short-term investments. Short-term investments are reviewed periodically for allowances for credit losses and impairment. When evaluating the investments, the Company reviews factors such as the extent to which the fair value of the security is less than the amortized cost basis, adverse conditions specifically related to the security, the financial condition of the issuer, the Company’s intent to sell, and whether it would be more likely than not that the Company would be required to sell the investments before the recovery of their amortized cost basis.
Content	Content The Company acquires, licenses and produces content, including original programming, in order to offer members unlimited viewing of video entertainment. The content licenses are for a fixed fee and specific windows of availability. Payment terms for certain content licenses and the production of content require more upfront cash payments relative to the amortization expense. Payments for content, including additions to content assets and the changes in related liabilities, are classified within "Net cash provided by (used in) operating activities" on the Consolidated Statements of Cash Flows. The Company recognizes content assets (licensed and produced) as “Content assets, net” on the Consolidated Balance Sheets. For licensed content, the Company capitalizes the fee per title and records a corresponding liability at the gross amount of the liability when the license period begins, the cost of the title is known and the title is accepted and available for streaming. For produced content, the Company capitalizes costs associated with the production, including development costs, direct costs and production overhead. Participations and residuals are expensed in line with the amortization of production costs. Based on factors including historical and estimated viewing patterns, the Company amortizes the content assets (licensed and produced) in “Cost of revenues” on the Consolidated Statements of Operations over the shorter of each title's contractual window of availability or estimated period of use or ten years, beginning with the month of first availability. The amortization is on an accelerated basis, as the Company typically expects more upfront viewing, and film amortization is more accelerated than TV series amortization. On average, over 90% of a licensed or produced content asset is expected to be amortized within four years after its month of first availability. The Company reviews factors impacting the amortization of the content assets on a regular basis. The Company's estimates related to these factors require considerable management judgment. In the normal course of business, the Company, or a third-party producing content on the Company's behalf, may qualify for tax incentives through eligible spend on productions. The accounting for tax incentives is dependent on the particular type of incentive, including the nature of the benefit and the location the incentive is earned. In general, tax incentives are realized as cash receipts and may be received prior to or after a title launches on the Company’s service. Upon a title’s launch, any amounts the Company is eligible for through qualified production spend but has not received, are recognized in “Other current assets” or “Other non-current assets” on the Company’s Consolidated Balance Sheets as receivables. Tax incentives are generally accounted for as a reduction to the cost basis of the Company’s content assets (presented in “Content assets, net”) and reduces content amortization over the life of the title (as presented in “Cost of revenues”) on the Consolidated Statement of Operations. The Company's business model is subscription based as opposed to a model generating revenues at a specific title level. Content assets (licensed and produced) are predominantly monetized as a group and therefore are reviewed in aggregate at a group level when an event or change in circumstances indicates a change in the expected usefulness of the content or that the fair value may be less than unamortized cost. To date, the Company has not identified any such event or changes in circumstances. If such changes are identified in the future, these aggregated content assets will be stated at the lower of unamortized cost or fair value. In addition, unamortized costs for assets that have been, or are expected to be, abandoned are written off.
Acquisitions	Acquisitions The Company uses its best estimates and assumptions to assign fair value to the tangible and intangible assets acquired and liabilities assumed at the acquisition date. In addition, uncertain tax positions, tax-related valuation allowances and pre-acquisition contingencies are initially recorded in connection with a business combination as of the acquisition date.
Property and Equipment	Property and EquipmentProperty and equipment are carried at cost less accumulated depreciation. Depreciation is calculated using the straight-line method over the shorter of the estimated useful lives of the respective assets, generally up to 30 years, or the expected lease term for leasehold improvements, if applicable.
Trade Receivables	Trade ReceivablesTrade receivables consist primarily of amounts related to members and payment partners that collect membership fees on the Company's behalf. The Company evaluates the need for an allowance for credit losses based on historical collection trends, the financial condition of its payment partners, and external market factors. The Company's allowance for credit losses was not material as of December 31, 2022 and December 31, 2021.
Marketing	Marketing Marketing expenses consist primarily of advertising expenses and certain payments made to the Company’s partners, including consumer electronics ("CE") manufacturers, multichannel video programming distributors ("MVPDs"), mobile
Income Taxes	Income Taxes The Company records a provision for income taxes for the anticipated tax consequences of the reported results of operations using the asset and liability method. Deferred income taxes are recognized by applying enacted statutory tax rates applicable to future years to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases as well as net operating loss and tax credit carryforwards. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period that includes the enactment date. The measurement of deferred tax assets is reduced, if necessary, by a valuation allowance for any tax benefits for which future realization is uncertain.
Foreign Currency	Foreign Currency The functional currency for the Company's subsidiaries is determined based on the primary economic environment in which the subsidiary operates. The Company translates the assets and liabilities of its non-U.S. dollar functional currency subsidiaries into U.S. dollars using exchange rates in effect at the end of each period. Revenues and expenses for these subsidiaries are translated using rates that approximate those in effect during the period. Gains and losses from these translations are recognized in cumulative translation adjustment included in "Accumulated other comprehensive income (loss)" in Stockholders’ equity on the Consolidated Balance Sheets.
Stock-Based Compensation	Stock-Based CompensationThe Company grants non-qualified stock options to its employees on a monthly basis. Stock-based compensation expense is based on the fair value of the options at the grant date and is recognized, net of forfeitures, over the requisite service period.

Revenue Recognition (Tables)

Revenue Recognition (Tables)	12 Months Ended
	Dec. 31, 2022
Revenue from Contract with Customer [Abstract]
Summary of Streaming Revenue, Paid Net Membership Additions, and Ending Paid Memberships by Region	The following tables summarize revenues, paid net membership additions, and ending paid memberships by region for the years ended December 31, 2022, 2021 and 2020, respectively: United States and Canada (UCAN) As of/ Year Ended December 31, 2022 2021 2020 (in thousands) Revenues $ 14,084,643 $ 12,972,100 $ 11,455,396 Paid net membership additions (losses) (919) 1,279 6,274 Paid memberships at end of period 74,296 75,215 73,936 Europe, Middle East, and Africa (EMEA) As of/ Year Ended December 31, 2022 2021 2020 (in thousands) Revenues $ 9,745,015 $ 9,699,819 $ 7,772,252 Paid net membership additions 2,693 7,338 14,920 Paid memberships at end of period 76,729 74,036 66,698 Latin America (LATAM) As of/ Year Ended December 31, 2022 2021 2020 (in thousands) Revenues $ 4,069,973 $ 3,576,976 $ 3,156,727 Paid net membership additions 1,738 2,424 6,120 Paid memberships at end of period 41,699 39,961 37,537 Asia-Pacific (APAC) As of/ Year Ended December 31, 2022 2021 2020 (in thousands) Revenues $ 3,570,221 $ 3,266,601 $ 2,372,300 Paid net membership additions 5,391 7,140 9,259 Paid memberships at end of period 38,023 32,632 25,492

Earnings Per Share (Tables)

Earnings Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Earnings Per Share [Abstract]
Summary of Computation of Earnings Per Share	The computation of earnings per share is as follows: Year ended December 31, 2022 2021 2020 (in thousands, except per share data) Basic earnings per share: Net income $ 4,491,924 $ 5,116,228 $ 2,761,395 Shares used in computation: Weighted-average common shares outstanding 444,698 443,155 440,922 Basic earnings per share $ 10.10 $ 11.55 $ 6.26 Diluted earnings per share: Net income $ 4,491,924 $ 5,116,228 $ 2,761,395 Shares used in computation: Weighted-average common shares outstanding 444,698 443,155 440,922 Employee stock options 6,592 12,217 13,286 Weighted-average number of shares 451,290 455,372 454,208 Diluted earnings per share $ 9.95 $ 11.24 $ 6.08
Summary of Potential Common Shares Excluded from Diluted Calculation	The following table summarizes the potential common shares excluded from the diluted calculation: Year ended December 31, 2022 2021 2020 (in thousands) Employee stock options 6,790 348 484

Cash, Cash Equivalents, Restr_2

Cash, Cash Equivalents, Restricted Cash, and Short-term Investments (Tables)	12 Months Ended
	Dec. 31, 2022
Short-Term Investments And Fair Value Measurement [Abstract]
Summary of Cash and Cash Equivalents and Restricted Cash	The following tables summarize the Company's cash, cash equivalents, restricted cash and short-term investments as of December 31, 2022 and 2021: As of December 31, 2022 Cash and cash equivalents Short-term investments Other Current Assets Non-current Assets Total (in thousands) Cash $ 4,071,584 $ — $ 3,410 $ 19,874 $ 4,094,868 Level 1 securities: Money market funds 569,826 — — 122 569,948 Level 2 securities: Time Deposits (1) 505,766 911,276 — — 1,417,042 $ 5,147,176 $ 911,276 $ 3,410 $ 19,996 $ 6,081,858 (1) The majority of the Company's time deposits are domestic deposits, which mature within one year. As of December 31, 2021 Cash and cash equivalents Other Current Assets Non-current Assets Total (in thousands) Cash $ 4,103,613 $ 3,189 $ 23,972 $ 4,130,774 Level 1 securities: Money market funds 1,924,191 — 146 1,924,337 $ 6,027,804 $ 3,189 $ 24,118 $ 6,055,111

Balance Sheet Components (Table

Balance Sheet Components (Tables)	12 Months Ended
	Dec. 31, 2022
Balance Sheet Related Disclosures [Abstract]
Summary of Content Assets	Content assets consisted of the following: As of December 31, 2022 2021 (in thousands) Licensed content, net $ 12,732,549 $ 13,799,221 Produced content, net Released, less amortization 9,110,518 6,877,743 In production 10,255,940 9,235,975 In development and pre-production 637,706 1,006,600 20,004,164 17,120,318 Content assets, net $ 32,736,713 $ 30,919,539
Summary of Amortization of Streaming Content Assets	The following table represents the amortization of content assets: Year ended December 31, 2022 2021 2020 (in thousands) Licensed content $ 7,681,978 $ 8,055,811 $ 7,544,631 Produced content (1) 6,344,154 4,174,556 3,262,281 Total $ 14,026,132 $ 12,230,367 $ 10,806,912 (1) Tax incentives earned on qualified production spend generally reduce the cost-basis of content assets and result in lower content amortization over the life of the title. For the year ended December 31, 2022, tax incentives resulted in lower content amortization on produced content of approximately $719 million.
Summary of Property and Equipment, Net	Property and equipment and accumulated depreciation consisted of the following: As of December 31, Estimated Useful Lives (in Years) 2022 2021 (in thousands) Land $ 85,005 $ 82,381 Buildings 52,106 48,123 30 years Leasehold improvements 1,040,570 863,342 Over life of lease Furniture and fixtures 153,682 139,809 3 years Information technology 442,681 380,452 3 years Corporate aircraft 115,578 110,978 8-10 years Machinery and equipment 26,821 32,426 3-5 years Capital work-in-progress 235,555 282,248 Property and equipment, gross 2,151,998 1,939,759 Less: Accumulated depreciation (753,741) (616,306) Property and equipment, net $ 1,398,257 $ 1,323,453
Summary of Information on Right-of-Use Assets and Lease Liabilities	The components of lease costs for the years ended December 31, 2022, 2021 and 2020 were as follows: Year ended December 31, 2022 2021 2020 (in thousands) Operating lease cost $ 413,664 $ 389,805 $ 323,905 Short-term lease cost 194,764 152,765 116,606 Total lease cost $ 608,428 $ 542,570 $ 440,511 Information related to the Company's operating right-of-use assets and related operating lease liabilities were as follows: Year ended December 31, 2022 2021 2020 (in thousands) Cash paid for operating lease liabilities $ 413,034 $ 349,586 $ 259,559 Right-of-use assets obtained in exchange for new operating lease obligations 252,393 764,142 729,942 As of December 31, 2022 2021 (in thousands, except lease term and discount rate) Operating lease right-of-use assets, net $ 2,227,122 $ 2,446,573 Current operating lease liabilities $ 355,985 $ 315,189 Non-current operating lease liabilities 2,222,503 2,408,486 Total operating lease liabilities $ 2,578,488 $ 2,723,675 Weighted-average remaining lease term 8.3 years 9.2 years Weighted-average discount rate 3.2 % 3.1 %
Summary of Maturities of Lease Liabilities	Maturities of operating lease liabilities as of December 31, 2022 were as follows (in thousands): Due in 12 month period ended December 31, 2023 $ 433,167 2024 406,293 2025 377,371 2026 368,496 2027 310,903 Thereafter 1,036,327 2,932,557 Less imputed interest (354,069) Total operating lease liabilities 2,578,488
Schedule of Other Current Assets	Other current assets consisted of the following: As of December 31, December 31, (in thousands) Trade receivables $ 988,898 $ 804,320 Prepaid expenses 392,735 323,818 Other (1) 1,826,388 913,883 Total other current assets $ 3,208,021 $ 2,042,021 (1) $598 million of tax incentives earned on production spend is included in Other as of December 31, 2022.

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2022
Debt Disclosure [Abstract]
Summary of Long-term Debt Instruments	The following table provides a summary of the Company's outstanding debt and the fair values based on quoted market prices in less active markets as of December 31, 2022 and December 31, 2021: Principal Amount at Par Level 2 Fair Value as of December 31, December 31, Issuance Date Maturity December 31, December 31, (in millions) (in millions) 5.500% Senior Notes $ — $ 700 February 2015 February 2022 $ — $ 704 5.750% Senior Notes 400 400 February 2014 March 2024 404 437 5.875% Senior Notes 800 800 February 2015 February 2025 811 899 3.000% Senior Notes (1) 503 535 April 2020 June 2025 495 581 3.625% Senior Notes 500 500 April 2020 June 2025 479 529 4.375% Senior Notes 1,000 1,000 October 2016 November 2026 980 1,111 3.625% Senior Notes (1) 1,391 1,480 May 2017 May 2027 1,338 1,702 4.875% Senior Notes 1,600 1,600 October 2017 April 2028 1,557 1,829 5.875% Senior Notes 1,900 1,900 April 2018 November 2028 1,930 2,293 4.625% Senior Notes (1) 1,177 1,252 October 2018 May 2029 1,151 1,565 6.375% Senior Notes 800 800 October 2018 May 2029 830 999 3.875% Senior Notes (1) 1,284 1,366 April 2019 November 2029 1,201 1,651 5.375% Senior Notes 900 900 April 2019 November 2029 885 1,068 3.625% Senior Notes (1) 1,177 1,252 October 2019 June 2030 1,078 1,493 4.875% Senior Notes 1,000 1,000 October 2019 June 2030 944 1,169 $ 14,432 $ 15,485 $ 14,083 $ 18,030

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies Disclosure [Abstract]
Summary of Expected Timing of Payments for Streaming Content Obligations	The expected timing of payments for these content obligations is as follows: As of December 31, 2022 2021 (in thousands) Less than one year $ 10,038,483 $ 10,019,306 Due after one year and through 3 years 9,425,551 9,238,315 Due after 3 years and through 5 years 2,124,307 3,238,977 Due after 5 years 243,606 664,762 Total content obligations $ 21,831,947 $ 23,161,360

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)	12 Months Ended
	Dec. 31, 2022
Stockholders' Equity Note [Abstract]
Summary of Activity Related to Stock Option Plans	A summary of the activities related to the Company’s stock option plans is as follows: Shares Available Options Outstanding Number of Weighted- Average Exercise Price Balances as of December 31, 2019 6,111,561 20,859,326 $ 124.28 New Shares Authorized 17,500,000 — — Granted (1,909,476) 1,909,476 432.34 Exercised (4,088,612) 58.35 Expired — (3,380) 27.54 Balances as of December 31, 2020 21,702,085 18,676,810 $ 170.23 Granted (1,556,725) 1,556,725 554.11 Exercised (2,632,324) 65.97 Expired — (5,360) 34.63 Balances as of December 31, 2021 20,145,360 17,595,851 $ 219.83 Granted (3,691,257) 3,691,257 267.94 Exercised — (1,383,669) 27.19 Expired — (6,578) 11.10 Balances as of December 31, 2022 16,454,103 19,896,861 $ 242.22 Vested and exercisable at December 31, 2022 19,896,861 $ 242.22
Summary of Assumptions Used to Value Stock Option Grants Using Lattice-Binomial Model	The following table summarizes the assumptions used to value option grants using the lattice-binomial model and the valuation data: Year Ended December 31, 2022 2021 2020 Dividend yield — % — % — % Expected volatility 38% - 52% 34% - 41% 37% - 45% Risk-free interest rate 1.71% - 3.79% 1.08% - 1.62% 0.67% - 1.71% Suboptimal exercise factor 4.71 - 4.82 3.81 - 3.98 3.34 - 3.67 Valuation data: Weighted-average fair value (per share) $ 155.88 $ 259.01 $ 217.42 Total stock-based compensation expense (in thousands) 575,452 403,220 415,180 Total income tax impact on provision (in thousands) 127,289 89,642 91,718

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Schedule of Income before Income Taxes	Income before provision for income taxes was as follows: Year Ended December 31, 2022 2021 2020 (in thousands) United States $ 4,690,442 $ 5,365,547 $ 2,789,064 Foreign 573,487 474,556 410,285 Income before income taxes $ 5,263,929 $ 5,840,103 $ 3,199,349
Components of Provision for Income Taxes	The components of provision for income taxes for all periods presented were as follows: Year Ended December 31, 2022 2021 2020 (in thousands) Current tax provision: Federal $ 109,910 $ 57,526 $ 24,221 State 119,795 109,641 65,821 Foreign 676,827 357,189 277,846 Total current 906,532 524,356 367,888 Deferred tax provision: Federal (52,434) 188,937 (57,765) State (30,691) (2,700) 164,685 Foreign (51,402) 13,282 (36,854) Total deferred (134,527) 199,519 70,066 Provision for income taxes $ 772,005 $ 723,875 $ 437,954
Reconciliation of Provision for Income Taxes	A reconciliation of the provision for income taxes, with the amount computed by applying the statutory Federal income tax rate to income before income taxes is as follows: Year Ended December 31, 2022 2021 2020 (in thousands) Expected tax expense at U.S. Federal statutory rates $ 1,105,428 $ 1,226,422 $ 671,864 State income taxes, net of Federal income tax effect 92,084 111,400 65,808 Foreign earnings at other than U.S. rates 112,628 (23,963) 12,212 Federal and California R&D tax credits (146,615) (82,909) (113,882) Valuation allowance on California R&D tax credits — — 183,283 Excess tax benefits on stock-based compensation (75,211) (290,899) (339,436) Tax effects of the Tax Cuts and Jobs Act (368,976) (254,763) (87,194) Nondeductible Officers Compensation 33,836 26,874 30,351 Other 18,831 11,713 14,948 Provision for income taxes $ 772,005 $ 723,875 $ 437,954 Effective Tax Rate 15 % 12 % 14 %
Deferred Tax Assets and Liabilities	The components of deferred tax assets and liabilities were as follows: As of December 31, 2022 2021 (in thousands) Deferred tax assets: Stock-based compensation $ 443,456 $ 351,238 Federal and California tax R&D credits 342,589 484,793 Foreign tax credits 11,899 2,045 Capitalized Research Expenses 323,998 — Accruals and reserves 119,732 165,214 Operating leases 551,418 570,830 Foreign Net Operating Losses 20,092 8,043 Unrealized Gain/Loss (47,283) 13,772 Other 2,234 5,420 Gross deferred tax assets 1,768,135 1,601,355 Depreciation & amortization (456,717) (388,115) Operating leases (473,928) (506,403) Acquisitions (232,607) (240,334) Gross deferred tax liabilities (1,163,252) (1,134,852) Valuation allowance (343,342) (318,408) Net deferred tax assets $ 261,541 $ 148,095
Summary of Changes in Unrecognized Tax Benefits	The aggregate changes in the Company’s total gross amount of unrecognized tax benefits are summarized as follows (in thousands): Balances as of December 31, 2020 $ 140,124 Increases related to tax positions taken during prior periods 27,116 Decreases related to tax positions taken during prior periods — Increases related to tax positions taken during the current period 35,317 Decreases related to expiration of statute of limitations — Balances as of December 31, 2021 202,557 Increases related to tax positions taken during prior periods — Decreases related to tax positions taken during prior periods (2,445) Increases related to tax positions taken during the current period 26,865 Decreases related to expiration of statute of limitations — Balances as of December 31, 2022 $ 226,977

Employee Benefit Plan (Tables)

Employee Benefit Plan (Tables)	12 Months Ended
	Dec. 31, 2022
Retirement Benefits [Abstract]
Schedule of Company Contributions to Pension and Health Plans	The following table summarizes the Company's contributions to multiemployer pension and health plans for the years ended December 31, 2022, 2021 and 2020, respectively: Year Ended December 31, 2022 2021 2020 (in thousands) Pension benefits $ 127,885 $ 111,133 $ 78,060 Health benefits 96,285 83,153 52,322 Total contributions $ 224,170 $ 194,286 $ 130,382

Segment and Geographic Inform_2

Segment and Geographic Information (Tables)	12 Months Ended
	Dec. 31, 2022
Segment Reporting [Abstract]
Summary of Long-lived Assets by Geographic Areas	The Company's long-lived tangible assets, as well as the Company's operating lease right-of-use assets recognized on the Consolidated Balance Sheets were located as follows: As of December 31, 2022 2021 (in thousands) United States $ 2,745,071 $ 2,833,059 International 880,308 936,967

Organization and Summary of S_3

Organization and Summary of Significant Accounting Policies (Details) $ in Thousands, membership in Millions	12 Months Ended
	Dec. 31, 2022 USD ($) country membership	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Organization And Summary Of Significant Accounting Policies [Line Items]
Number of streaming members (over) | membership	231
Number of countries (over) | country	190
Content assets amortization period cap	10 years
Average produced content asset amortization percentage (over)	90%
Average produced content asset amortization period	4 years
Advertising expense	$ 1,586,000	$ 1,669,000	$ 1,447,000
Foreign currency remeasurement gain (loss)	353,111	430,661	(533,278)
Interest and Other Income (Expense)
Organization And Summary Of Significant Accounting Policies [Line Items]
Foreign currency remeasurement gain (loss)	$ 282,000	$ 403,000	$ (660,000)
Maximum
Organization And Summary Of Significant Accounting Policies [Line Items]
Property and equipment estimated useful life (in years)	30 years

Revenue Recognition - Revenue a

Revenue Recognition - Revenue and Membership Information (Details) membership in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) membership	Dec. 31, 2021 USD ($) membership	Dec. 31, 2020 USD ($) membership
Disaggregation of Revenue [Line Items]
Revenues | $	$ 31,615,550	$ 29,697,844	$ 24,996,056
Streaming | United States and Canada
Disaggregation of Revenue [Line Items]
Revenues | $	$ 14,084,643	$ 12,972,100	$ 11,455,396
Paid net membership additions (in memberships)	(919)	1,279	6,274
Paid memberships at end of period (in memberships)	74,296	75,215	73,936
Streaming | Europe, Middle East, and Africa
Disaggregation of Revenue [Line Items]
Revenues | $	$ 9,745,015	$ 9,699,819	$ 7,772,252
Paid net membership additions (in memberships)	2,693	7,338	14,920
Paid memberships at end of period (in memberships)	76,729	74,036	66,698
Streaming | Latin America
Disaggregation of Revenue [Line Items]
Revenues | $	$ 4,069,973	$ 3,576,976	$ 3,156,727
Paid net membership additions (in memberships)	1,738	2,424	6,120
Paid memberships at end of period (in memberships)	41,699	39,961	37,537
Streaming | Asia-Pacific
Disaggregation of Revenue [Line Items]
Revenues | $	$ 3,570,221	$ 3,266,601	$ 2,372,300
Paid net membership additions (in memberships)	5,391	7,140	9,259
Paid memberships at end of period (in memberships)	38,023	32,632	25,492

Revenue Recognition - Additiona

Revenue Recognition - Additional Information (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disaggregation of Revenue [Line Items]
Revenues	$ 31,615,550	$ 29,697,844	$ 24,996,056
Deferred revenue	1,264,661	1,209,342
Increase in deferred revenue		56,000
DVD
Disaggregation of Revenue [Line Items]
Revenues	100,000	200,000	200,000
United States
Disaggregation of Revenue [Line Items]
Revenues	$ 13,000,000	$ 12,100,000	$ 10,800,000

Earnings Per Share - Calculatio

Earnings Per Share - Calculation of EPS (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Basic earnings per share:
Net income	$ 4,491,924	$ 5,116,228	$ 2,761,395
Weighted-average common shares outstanding (in shares)	444,698	443,155	440,922
Basic earnings per share (in USD per share)	$ 10.10	$ 11.55	$ 6.26
Diluted earnings per share:
Net income	$ 4,491,924	$ 5,116,228	$ 2,761,395
Shares used in computation:
Weighted-average common shares outstanding (in shares)	444,698	443,155	440,922
Employee stock options (in shares)	6,592	12,217	13,286
Weighted-average number of shares (in shares)	451,290	455,372	454,208
Diluted earnings per share (in USD per share)	$ 9.95	$ 11.24	$ 6.08

Earnings Per Share - Antidiluti

Earnings Per Share - Antidilutive Shares (Details) - shares shares in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Earnings Per Share [Abstract]
Antidilutive securities excluded from earnings per share calculations (in shares)	6,790	348	484

Cash, Cash Equivalents, Restr_3

Cash, Cash Equivalents, Restricted Cash, and Short-term Investments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	$ 6,081,858	$ 6,055,111
Cash and cash equivalents
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	5,147,176	6,027,804
Short-term investments
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	911,276
Other Current Assets
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	3,410	3,189
Non-current Assets
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	19,996	24,118
Cash
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	4,094,868	4,130,774
Cash | Cash and cash equivalents
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	4,071,584	4,103,613
Cash | Short-term investments
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	0
Cash | Other Current Assets
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	3,410	3,189
Cash | Non-current Assets
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	19,874	23,972
Money market funds | Level 1 securities
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	569,948	1,924,337
Money market funds | Cash and cash equivalents | Level 1 securities
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	569,826	1,924,191
Money market funds | Short-term investments | Level 1 securities
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	0
Money market funds | Other Current Assets | Level 1 securities
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	0	0
Money market funds | Non-current Assets | Level 1 securities
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	122	$ 146
Time Deposits | Level 2 securities
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	1,417,042
Time Deposits | Cash and cash equivalents | Level 2 securities
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	505,766
Time Deposits | Short-term investments | Level 2 securities
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	911,276
Time Deposits | Other Current Assets | Level 2 securities
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	0
Time Deposits | Non-current Assets | Level 2 securities
Cash and Cash Equivalents [Line Items]
Cash, Cash Equivalents, and Short-Term Investments	$ 0

Balance Sheet Components - Comp

Balance Sheet Components - Components of Content Assets (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Finite-Lived Intangible Assets [Line Items]
Content assets, net	$ 32,736,713	$ 30,919,539
Amortization of content assets	14,026,132	12,230,367	$ 10,806,912
Tax incentives resulting in lower content amortization	719,000
Licensed content, net
Finite-Lived Intangible Assets [Line Items]
Net content	12,732,549	13,799,221
Unamortized cost in year one	5,428,000
Unamortized cost in year two	2,853,000
Unamortized cost in year three	1,984,000
Amortization of content assets	7,681,978	8,055,811	7,544,631
Produced content, net
Finite-Lived Intangible Assets [Line Items]
Net content	9,110,518	6,877,743
In production	10,255,940	9,235,975
In development and pre-production	637,706	1,006,600
Content assets, net	20,004,164	17,120,318
Unamortized cost in year one	3,565,000
Unamortized cost in year two	2,310,000
Unamortized cost in year three	1,601,000
Amortization of content assets	$ 6,344,154	$ 4,174,556	$ 3,262,281

Balance Sheet Components - Prop

Balance Sheet Components - Property and Equipment and Accumulated Depreciation (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 2,151,998	$ 1,939,759
Less: Accumulated depreciation	(753,741)	(616,306)
Property and equipment, net	$ 1,398,257	1,323,453
Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	30 years
Land
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 85,005	82,381
Buildings
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 52,106	48,123
Estimated Useful Lives (in Years)	30 years
Leasehold improvements
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 1,040,570	863,342
Furniture and fixtures
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 153,682	139,809
Estimated Useful Lives (in Years)	3 years
Information technology
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 442,681	380,452
Estimated Useful Lives (in Years)	3 years
Corporate aircraft
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 115,578	110,978
Corporate aircraft | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	8 years
Corporate aircraft | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	10 years
Machinery and equipment
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 26,821	32,426
Machinery and equipment | Minimum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	3 years
Machinery and equipment | Maximum
Property, Plant and Equipment [Line Items]
Estimated Useful Lives (in Years)	5 years
Capital work-in-progress
Property, Plant and Equipment [Line Items]
Property and equipment, gross	$ 235,555	$ 282,248

Balance Sheet Components - Leas

Balance Sheet Components - Leases (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) option	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Lessee, Lease, Description [Line Items]
Number of renewal options (or more) | option	1
Lease Cost:
Operating lease cost	$ 413,664	$ 389,805	$ 323,905
Short-term lease cost	194,764	152,765	116,606
Total lease cost	608,428	542,570	440,511
Cash paid for operating lease liabilities	413,034	349,586	259,559
Right-of-use assets obtained in exchange for new operating lease obligations	252,393	764,142	$ 729,942
Operating lease right-of-use assets, net	2,227,122	2,446,573
Current operating lease liabilities	355,985	315,189
Non current operating lease liabilities	2,222,503	2,408,486
Total operating lease liabilities	$ 2,578,488	$ 2,723,675
Weighted-average remaining lease term	8 years 3 months 18 days	9 years 2 months 12 days
Weighted-average discount rate	3.20%	3.10%
Operating lease, liability, leases not commenced	$ 419,000
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other non-current assets	Other non-current assets
Operating Lease, Liability, Current, Statement of Financial Position [Extensible List]	Accrued Liabilities, Current	Accrued Liabilities, Current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible List]	Other non-current liabilities	Other non-current liabilities
Minimum
Lessee, Lease, Description [Line Items]
Lease term of contract (in years)	1 year
Lease renewal term (in years)	1 year
Lease Cost:
Lease not yet commenced, term of contract (in years)	2 years
Maximum
Lessee, Lease, Description [Line Items]
Lease term of contract (in years)	15 years
Lease renewal term (in years)	20 years
Lease Cost:
Lease not yet commenced, term of contract (in years)	10 years

Balance Sheet Components - Le_2

Balance Sheet Components - Lease Maturities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]
2023	$ 433,167
2024	406,293
2025	377,371
2026	368,496
2027	310,903
Thereafter	1,036,327
Total lease liabilities	2,932,557
Less imputed interest	(354,069)
Total operating lease liabilities	$ 2,578,488	$ 2,723,675

Balance Sheet Components - Othe

Balance Sheet Components - Other Current Assets (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Balance Sheet Related Disclosures [Abstract]
Trade receivables	$ 988,898	$ 804,320
Prepaid expenses	392,735	323,818
Other	1,826,388	913,883
Total other current assets	3,208,021	$ 2,042,021
Tax incentives	$ 598,000

Debt - Narrative (Details)

Debt - Narrative (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)	Dec. 31, 2022 EUR (€)
Debt Instrument [Line Items]
Aggregate outstanding notes	$ 14,353,000	$ 15,393,000
Debt issuance costs	79,000	92,000
Long-term notes denominated in foreign currency	14,432,000	15,485,000
Foreign currency remeasurement loss (gain) on debt	(353,111)	$ (430,661)	$ 533,278
Senior Notes
Debt Instrument [Line Items]
Long-term notes denominated in foreign currency | €				€ 5,170,000,000
Foreign currency remeasurement loss (gain) on debt	$ (353,000)
Redemption price, percent of outstanding principal	101%

Debt - Summary of Long-term Deb

Debt - Summary of Long-term Debt (Details) $ in Millions	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 USD ($)	Dec. 31, 2021 EUR (€)	Dec. 31, 2021 USD ($)
Debt Instrument [Line Items]
Face amount		$ 14,432		$ 15,485
Long-term debt, fair value		$ 14,083		$ 18,030
Senior Notes
Debt Instrument [Line Items]
Face amount | €	€ 5,170,000,000
Senior Notes | 5.500% Senior Notes
Debt Instrument [Line Items]
Interest rate	5.50%	5.50%	5.50%	5.50%
Face amount		$ 0		$ 700
Long-term debt, fair value		$ 0		$ 704
Senior Notes | 5.750% Senior Notes
Debt Instrument [Line Items]
Interest rate	5.75%	5.75%	5.75%	5.75%
Face amount		$ 400		$ 400
Long-term debt, fair value		$ 404		$ 437
Senior Notes | 5.875% Senior Notes
Debt Instrument [Line Items]
Interest rate	5.875%	5.875%	5.875%	5.875%
Face amount		$ 800		$ 800
Long-term debt, fair value		$ 811		$ 899
Senior Notes | 3.000% Senior Notes
Debt Instrument [Line Items]
Interest rate	3%	3%	3%	3%
Face amount	€ 470,000,000	$ 503	€ 470,000,000	$ 535
Long-term debt, fair value		$ 495		$ 581
Senior Notes | 3.625% Senior Notes
Debt Instrument [Line Items]
Interest rate	3.625%	3.625%	3.625%	3.625%
Face amount		$ 500		$ 500
Long-term debt, fair value		$ 479		$ 529
Senior Notes | 4.375% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.375%	4.375%	4.375%	4.375%
Face amount		$ 1,000		$ 1,000
Long-term debt, fair value		$ 980		$ 1,111
Senior Notes | 3.625% Senior Notes
Debt Instrument [Line Items]
Interest rate	3.625%	3.625%	3.625%	3.625%
Face amount	€ 1,300,000,000	$ 1,391	€ 1,300,000,000	$ 1,480
Long-term debt, fair value		$ 1,338		$ 1,702
Senior Notes | 4.875% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.875%	4.875%	4.875%	4.875%
Face amount		$ 1,600		$ 1,600
Long-term debt, fair value		$ 1,557		$ 1,829
Senior Notes | 5.875% Senior Notes
Debt Instrument [Line Items]
Interest rate	5.875%	5.875%	5.875%	5.875%
Face amount		$ 1,900		$ 1,900
Long-term debt, fair value		$ 1,930		$ 2,293
Senior Notes | 4.625% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.625%	4.625%	4.625%	4.625%
Face amount	€ 1,100,000,000	$ 1,177	€ 1,100,000,000	$ 1,252
Long-term debt, fair value		$ 1,151		$ 1,565
Senior Notes | 6.375% Senior Notes
Debt Instrument [Line Items]
Interest rate	6.375%	6.375%	6.375%	6.375%
Face amount		$ 800		$ 800
Long-term debt, fair value		$ 830		$ 999
Senior Notes | 3.875% Senior Notes
Debt Instrument [Line Items]
Interest rate	3.875%	3.875%	3.875%	3.875%
Face amount	€ 1,200,000,000	$ 1,284	€ 1,200,000,000	$ 1,366
Long-term debt, fair value		$ 1,201		$ 1,651
Senior Notes | 5.375% Senior Notes
Debt Instrument [Line Items]
Interest rate	5.375%	5.375%	5.375%	5.375%
Face amount		$ 900		$ 900
Long-term debt, fair value		$ 885		$ 1,068
Senior Notes | 3.625% Senior Notes
Debt Instrument [Line Items]
Interest rate	3.625%	3.625%	3.625%	3.625%
Face amount	€ 1,100,000,000	$ 1,177	€ 1,100,000,000	$ 1,252
Long-term debt, fair value		$ 1,078		$ 1,493
Senior Notes | 4.875% Senior Notes
Debt Instrument [Line Items]
Interest rate	4.875%	4.875%	4.875%	4.875%
Face amount		$ 1,000		$ 1,000
Long-term debt, fair value		$ 944		$ 1,169

Debt - Revolving Line of Credit

Debt - Revolving Line of Credit (Details) - Revolving Credit Facility	12 Months Ended
	Dec. 31, 2022 USD ($)
Line of Credit Facility [Line Items]
Line of credit facility, maximum borrowing capacity	$ 1,000,000,000
Amount borrowed	$ 0
Commitment fee percentage	0.10%
London Interbank Offered Rate (LIBOR)
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.75%
Federal Funds Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	0.50%
One-Month LIBOR Rate
Line of Credit Facility [Line Items]
Basis spread on variable rate	1%
One-Month LIBOR Rate | Minimum
Line of Credit Facility [Line Items]
Basis spread on variable rate	0%

Commitments and Contingencies -

Commitments and Contingencies - Streaming Content (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Contractual Obligation [Line Items]
Total streaming content obligations	$ 21,831,947	$ 23,161,360
Current content liabilities	4,480,150	4,292,967
Non-current content liabilities	3,081,277	3,094,213
Unrecorded streaming obligations	14,200,000	15,800,000
Current Content Liabilities
Contractual Obligation [Line Items]
Current content liabilities	4,500,000	4,300,000
Non-current Content Liabilities
Contractual Obligation [Line Items]
Non-current content liabilities	$ 3,100,000	$ 3,100,000

Commitments and Contingencies_2

Commitments and Contingencies - Expected Timing of Payments for Commitments (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Commitments and Contingencies Disclosure [Abstract]
Less than one year	$ 10,038,483	$ 10,019,306
Due after one year and through 3 years	9,425,551	9,238,315
Due after 3 years and through 5 years	2,124,307	3,238,977
Due after 5 years	243,606	664,762
Total content obligations	$ 21,831,947	$ 23,161,360

Guarantees_Indemnification Ob_2

Guarantees—Indemnification Obligations (Details)	Dec. 31, 2022 USD ($)
Indemnification Agreement
Loss Contingencies [Line Items]
Indemnification guarantee accrual	$ 0

Stockholders' Equity - Voting R

Stockholders' Equity - Voting Rights (Details)	12 Months Ended
	Dec. 31, 2022 vote
Stockholders' Equity Note [Abstract]
Number of voting rights per share	1

Stockholders' Equity - Stock Op

Stockholders' Equity - Stock Option Plans (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	16,454,103	20,145,360	21,702,085	6,111,561
Aggregate intrinsic value	$ 1,951,000
Total intrinsic value of options exercised	$ 346,000	$ 1,363,000	$ 1,596,000
Weighted-average remaining contractual term (in years)	5 years 7 months 9 days
Proceeds from issuance of common stock	$ 35,746	$ 174,414	$ 235,406
Expiration period (in years)	10 years
2020 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	17,500,000
2011 Stock Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Shares available for grant (in shares)	5,530,106

Stockholders' Equity - Summary

Stockholders' Equity - Summary of Activity Related to Stock Option Plans (Details) - $ / shares	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]
Shares available for grant, beginning balances (in shares)	20,145,360	21,702,085	6,111,561
Options outstanding, number of shares, beginning balance (in shares)	17,595,851	18,676,810	20,859,326
Shares available for grant, number of shares authorized (in shares)			17,500,000
Options outstanding, number of shares granted (in shares)	3,691,257	1,556,725	1,909,476
Options outstanding, number of shares, exercised (in shares)	(1,383,669)	(2,632,324)	(4,088,612)
Options outstanding, number of shares expired (in shares)	(6,578)	(5,360)	(3,380)
Shares available for grant, ending balances (in shares)	16,454,103	20,145,360	21,702,085
Options outstanding, number of shares, ending balance (in shares)	19,896,861	17,595,851	18,676,810
Weighted- Average Exercise Price (per Share)
Options outstanding, weighted-average exercise price, beginning balance (dollars per share)	$ 219.83	$ 170.23	$ 124.28
Options outstanding, weighted-average exercise price, granted (dollars per share)	267.94	554.11	432.34
Options outstanding, weighted-average exercise price, exercised (dollars per share)	27.19	65.97	58.35
Options expired, weighted-average exercise price (dollars per share)	11.10	34.63	27.54
Options outstanding, weighted-average exercise price, ending balance (dollars per share)	$ 242.22	$ 219.83	$ 170.23
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Options outstanding, number of shares, vested and exercisable (in shares)	19,896,861
Options outstanding, weighted-average exercise price, vested and exercisable (in dollars per share)	$ 242.22

Stockholders' Equity - Summar_2

Stockholders' Equity - Summary of Assumptions Used to Value Stock Option Grants (Details) - USD ($) $ / shares in Units, $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Stockholders' Equity Note [Abstract]
Dividend yield	0%	0%	0%
Expected volatility, minimum	38%	34%	37%
Expected volatility, maximum	52%	41%	45%
Risk-free interest rate, minimum	1.71%	1.08%	0.67%
Risk-free interest rate, maximum	3.79%	1.62%	1.71%
Suboptimal exercise factor, minimum	4.71	3.81	3.34
Suboptimal exercise factor, maximum	4.82	3.98	3.67
Valuation data:
Weighted-average fair value (in dollars per share)	$ 155.88	$ 259.01	$ 217.42
Total stock-based compensation expense	$ 575,452	$ 403,220	$ 415,180
Total income tax impact on provision	$ 127,289	$ 89,642	$ 91,718

Stockholders' Equity - Stock Re

Stockholders' Equity - Stock Repurchases (Details) - USD ($) $ in Billions	Dec. 31, 2022	Mar. 31, 2021
Stockholders' Equity Note [Abstract]
Common stock authorized to be repurchased		$ 5
Remaining authorized repurchase amount	$ 4.4

Income Taxes - Schedule of Inco

Income Taxes - Schedule of Income before Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
United States	$ 4,690,442	$ 5,365,547	$ 2,789,064
Foreign	573,487	474,556	410,285
Income before income taxes	$ 5,263,929	$ 5,840,103	$ 3,199,349

Income Taxes - Components of Pr

Income Taxes - Components of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Current tax provision:
Federal	$ 109,910	$ 57,526	$ 24,221
State	119,795	109,641	65,821
Foreign	676,827	357,189	277,846
Total current	906,532	524,356	367,888
Deferred tax provision:
Federal	(52,434)	188,937	(57,765)
State	(30,691)	(2,700)	164,685
Foreign	(51,402)	13,282	(36,854)
Total deferred	(134,527)	199,519	70,066
Provision for income taxes	$ 772,005	$ 723,875	$ 437,954

Income Taxes - Reconciliation o

Income Taxes - Reconciliation of Provision for Income Taxes (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Income Tax Disclosure [Abstract]
Expected tax expense at U.S. Federal statutory rates	$ 1,105,428	$ 1,226,422	$ 671,864
State income taxes, net of Federal income tax effect	92,084	111,400	65,808
Foreign earnings at other than U.S. rates	112,628	(23,963)	12,212
Federal and California R&D tax credits	(146,615)	(82,909)	(113,882)
Valuation allowance on California R&D tax credits	0	0	183,283
Excess tax benefits on stock-based compensation	(75,211)	(290,899)	(339,436)
Tax effects of the Tax Cuts and Jobs Act	(368,976)	(254,763)	(87,194)
Nondeductible Officers Compensation	33,836	26,874	30,351
Other	18,831	11,713	14,948
Provision for income taxes	$ 772,005	$ 723,875	$ 437,954
Effective Tax Rate	15%	12%	14%

Income Taxes - Deferred Tax Ass

Income Taxes - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Stock-based compensation	$ 443,456	$ 351,238
Federal and California tax R&D credits	342,589	484,793
Foreign tax credits	11,899	2,045
Capitalized Research Expenses	323,998	0
Accruals and reserves	119,732	165,214
Operating leases	551,418	570,830
Foreign Net Operating Losses	20,092	8,043
Unrealized Gain/Loss	(47,283)	13,772
Other	2,234	5,420
Gross deferred tax assets	1,768,135	1,601,355
Depreciation & amortization	(456,717)	(388,115)
Operating leases	(473,928)	(506,403)
Acquisitions	(232,607)	(240,334)
Gross deferred tax liabilities	(1,163,252)	(1,134,852)
Valuation allowance	(343,342)	(318,408)
Net deferred tax assets	$ 261,541	$ 148,095

Income Taxes - Narrative (Detai

Income Taxes - Narrative (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Operating Loss Carryforwards [Line Items]
Deferred tax asset valuation allowance	$ 343,342	$ 318,408
Unrecognized tax benefits	226,977	202,557	$ 140,124
Reduction in provision for income taxes due to impact of effective tax rate	155,000	$ 136,000
State tax authority
Operating Loss Carryforwards [Line Items]
Tax credit carryforward, amount	$ 504,000

Income Taxes - Summary of Chang

Income Taxes - Summary of Changes in Unrecognized Tax Benefits (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
Beginning Balance	$ 202,557	$ 140,124
Increases related to tax positions taken during prior periods	0	27,116
Decreases related to tax positions taken during prior periods	(2,445)	0
Increases related to tax positions taken during the current period	26,865	35,317
Decreases related to expiration of statute of limitations	0	0
Ending Balance	$ 226,977	$ 202,557

Employee Benefit Plan - Narrati

Employee Benefit Plan - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Retirement Benefits [Abstract]
Eligible employees maximum contribution percentage	80%
Contributions by employer	$ 102	$ 85	$ 69

Employee Benefit Plan - Multiem

Employee Benefit Plan - Multiemployer Plan (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Multiemployer Plan [Line Items]
Total contributions	$ 224,170	$ 194,286	$ 130,382
Multiemployer Plan, Type [Extensible List]	Other Pension, Postretirement and Supplemental Plans [Member]
Pension benefits
Multiemployer Plan [Line Items]
Total contributions	$ 127,885	111,133	78,060
Health benefits
Multiemployer Plan [Line Items]
Total contributions	$ 96,285	$ 83,153	$ 52,322

Segment and Geographic Inform_3

Segment and Geographic Information (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($) segment	Dec. 31, 2021 USD ($)	Dec. 31, 2020 USD ($)
Revenues from External Customers and Long-Lived Assets [Line Items]
Number of operating segments | segment	1
Revenues	$ 31,615,550	$ 29,697,844	$ 24,996,056
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 13,000,000	$ 12,100,000	$ 10,800,000

Segment and Geographic Inform_4

Segment and Geographic Information - Long-lived Assets by Geographic Areas (Details) - USD ($) $ in Thousands	Dec. 31, 2022	Dec. 31, 2021
United States
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 2,745,071	$ 2,833,059
International
Revenues from External Customers and Long-Lived Assets [Line Items]
Long-lived assets	$ 880,308	$ 936,967