NFLX » Topics » 4. Intangible Assets

This excerpt taken from the NFLX 10-Q filed Nov 3, 2008.

Intangible Assets

Intangible assets and accumulated amortization consisted of the following:

 

     As of  
     September 30,
2008
    December 31,
2007
 
     (in thousands)  

Patents, gross

   $ 2,229     $ 1,566  

Less accumulated amortization

     (331 )     (200 )
                

Patents, net

   $ 1,898     $ 1,366  
                

In 2008, the Company capitalized $0.7 million related to the acquisition of certain technology patent licenses. The capitalized patent licenses are being amortized to technology and development in the condensed consolidated statements of operations over the remaining life of the patents, the last of which expires in September 2021.

 

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This excerpt taken from the NFLX 10-Q filed Aug 11, 2008.

Intangible Assets

Intangible assets and accumulated amortization consisted of the following:

 

     As of  
     June 30,
2008
    December 31,
2007
 
     (in thousands)  

Patents, gross

   $ 2,184     $ 1,566  

Less accumulated amortization

     (278 )     (200 )
                

Patents, net

   $ 1,906     $ 1,366  
                

In the second quarter of 2008, the Company capitalized $0.6 million related to the acquisition of a certain technology patent license. The capitalized patent licenses are being amortized to technology and development in the condensed consolidated statements of operations over the remaining life of the patents, the last of which expires in August 2020.

 

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These excerpts taken from the NFLX 10-K filed Feb 28, 2008.

Intangible Assets

Intangible assets and accumulated amortization consisted of the following:

 

     As of December 31,  
     2007     2006  
     (in thousands)  

Patents, gross

   $ 1,566     $ 1,066  

Less accumulated amortization

     (200 )     (97 )
                

Patents, net

   $ 1,366     $ 969  
                

The weighted-average remaining estimated lives of the patents are approximately 9 years. The annual amortization expense of the patents that existed as of December 31, 2007 is expected to be approximately $0.2 million for each of the five succeeding years.

Intangible Assets

Intangible assets
and accumulated amortization consisted of the following:

 


















































































   As of December 31, 
   2007  2006 
   (in thousands) 

Patents, gross

  $1,566  $1,066 

Less accumulated amortization

   (200)  (97)
         

Patents, net

  $1,366  $969 
         

The weighted-average remaining estimated lives of the patents are approximately 9 years. The
annual amortization expense of the patents that existed as of December 31, 2007 is expected to be approximately $0.2 million for each of the five succeeding years.

FACE="Times New Roman" SIZE="2">Accrued Expenses

Accrued expenses consisted of the following:

STYLE="font-size:12px;margin-top:0px;margin-bottom:0px"> 


















































































   As of December 31,
   2007  2006
   (in thousands)

Accrued state sales and use tax

  $9,469  $9,019

Accrued payroll and employee benefits

   4,607   5,080

Accrued settlement costs

   6,732   6,615

Other

   15,658   9,191
        

Total accrued expenses

  $36,466  $29,905
        

 


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NETFLIX, INC.

FACE="Times New Roman" SIZE="2">NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 


This excerpt taken from the NFLX 10-K filed Feb 28, 2007.

3.    Intangible Assets

Intangible assets and accumulated amortization consisted of the following:

 

     As of December 31,  
         2005             2006      

Patents, gross

   $ 481     $ 1,066  

Less accumulated amortization

     (24 )     (97 )
                

Patents, net

   $ 457     $ 969  
                

In 2005 and 2006, the Company capitalized $481 and $585, respectively, related to certain technology patents acquired. The capitalized patents are being amortized in the Consolidated Statements of Operations over the remaining useful life of the patents, the last of which expires in August 2020. The annual amortization expense of the patents that existed as of December 31, 2006 is expected to be approximately $99 for each of the five succeeding years.

 

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NETFLIX, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(in thousands, except share and per share data and percentages)

 

This excerpt taken from the NFLX 10-Q filed Nov 9, 2006.

4. Intangible Assets

Intangible assets and accumulated amortization consists of the following:

 

     As of  
     December 31,
2005
    September 30,
2006
 

Patents, gross

   $ 480     $ 1,066  

Less accumulated amortization

     (23 )     (72 )
                

Patents, net

   $ 457     $ 994  
                

In the second quarter of 2006, the Company capitalized $586 related to certain technology patents licensed. The capitalized patents are being amortized to ‘Technology and Development’ in the Condensed Consolidated Statements of Operations over the remaining life of the patents, the last of which expires in August 2020.

This excerpt taken from the NFLX 10-Q filed Aug 9, 2006.

4. Intangible Assets

 

Intangible assets and accumulated amortization consists of the following:

 

     As of

 
    

December 31,

2005


   

June 30,

2006


 

Patents, gross

   $ 480     $ 1,066  

Less accumulated amortization

     (23 )     (47 )
    


 


Patents, net

   $ 457     $ 1,019  
    


 


 

In the second quarter of 2006, the Company capitalized $585 related to certain technology patents acquired. The capitalized patents are being amortized to ‘Technology and Development’ in the Condensed Consolidated Statements of Operations over the remaining life of the patents, the last of which expires in August 2020.

 

This excerpt taken from the NFLX 10-Q filed May 9, 2006.

4. Intangible Assets

 

In the third quarter of 2005, the Company capitalized $481 related to certain technology patents acquired. The capitalized patents are being amortized to ‘Technology and Development’ in the Condensed Consolidated Statements of Operations over the remaining life of the patents, the last of which expires in September 2015. The amortization expense was $12 for the three months ended March 31, 2006 and the related accumulated amortization balance was $24 and $36 at December 31, 2005 and March 31, 2006, respectively.

 

This excerpt taken from the NFLX 10-K filed Mar 16, 2006.

3.    Intangible Assets

 

Intangible assets and accumulated amortization consisted of the following:

 

     As of December 31, 2004

   As of December 31, 2005

    

Gross carrying

amount


   Accumulated
amortization


    Net

  

Gross carrying

amount


   Accumulated
amortization


    Net

Studio intangible assets

   $ 11,528    $ (10,567 )   $ 961    $ 11,528    $ (11,528 )   $ —  

Strategic marketing alliance intangible assets

     416      (416 )     —        416      (416 )     —  

Patents

     —        —         —        481      (24 )     457
    

  


 

  

  


 

Total

   $ 11,944    $ (10,983 )   $ 961    $ 12,425    $ (11,968 )   $ 457
    

  


 

  

  


 

 

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NETFLIX, INC.

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

(in thousands, except share, per share and percentages)

 

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