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NFLX » Topics » Property and Equipment, Net

This excerpt taken from the NFLX 10-Q filed May 8, 2009.

Property and Equipment, Net

Property and equipment and accumulated depreciation are as follows:

 

          As of  
     Useful
Life		    March 31,
2009		     December 31,
2008		  
       
          (in thousands)  

Computer equipment

    3 years    $ 47,981     $ 44,598  

Other equipment

    3-5 years      60,512       59,061  

Computer software, including internal-use software

    1-3 years      29,979       30,060  

Furniture and fixtures

    3 years      12,343       12,304  

Building

    30 years      40,681       40,681  

Leasehold improvements

    Over life of lease      34,985       33,124  

Capital work-in-progress

         4,960       3,958  
                   

Property and equipment, gross

         231,441       223,786  

Less: Accumulated depreciation

         (107,624 )     (98,838 )
                   

Property and equipment, net

       $ 123,817     $ 124,948  
                   
These excerpts taken from the NFLX 10-K filed Feb 25, 2009.

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

 

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

Computer equipment

    3 years   $ 44,598     $ 35,585  

Other equipment

    3-5 years     59,061       41,140  

Computer software, including internal-use software

    1-3 years     30,060       22,058  

Furniture and fixtures

    3 years     12,304       7,882  

Building

    30 years     40,681       37,193  

Leasehold improvements

    Over life of lease     33,124       18,440  

Capital work-in-progress

     3,958       18,452  
               

Property and equipment, gross

     223,786       180,750  

Less: Accumulated depreciation

     (98,838 )     (67,575 )
               

Property and equipment, net

   $ 124,948     $ 113,175  
               

Capital work-in-progress consists primarily of approximately $3.5 million of equipment not yet in service and approximately $0.4 million of leasehold improvements.

 

F-16

Table of Contents

NETFLIX, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

 

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

Computer equipment

    3 years   $ 44,598     $ 35,585  

Other equipment

    3-5 years     59,061       41,140  

Computer software, including internal-use software

    1-3 years     30,060       22,058  

Furniture and fixtures

    3 years     12,304       7,882  

Building

    30 years     40,681       37,193  

Leasehold improvements

    Over life of lease     33,124       18,440  

Capital work-in-progress

     3,958       18,452  
               

Property and equipment, gross

     223,786       180,750  

Less: Accumulated depreciation

     (98,838 )     (67,575 )
               

Property and equipment, net

   $ 124,948     $ 113,175  
               

Capital work-in-progress consists primarily of approximately $3.5 million of equipment not yet in service and approximately $0.4 million of leasehold improvements.

 

F-16

Table of Contents

NETFLIX, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS—(Continued)

 

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

Property and Equipment, net

Property and equipment and accumulated depreciation consisted of the following:

 

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

Computer equipment

    3 years    $ 42,040     $ 35,585  

Other equipment

    3-5 years      56,817       41,140  

Computer software, including internal-use software

    1-3 years      29,855       22,058  

Furniture and fixtures

    3 years      12,073       7,882  

Building (1)

    30 years      40,681       37,193  

Leasehold improvements

    Over life of lease      32,531       18,440  

Capital work-in-progress

      4,294       18,452  
                   

Property and equipment, gross

      218,291       180,750  

Less: Accumulated depreciation

      (89,750 )     (67,575 )
                   

Property and equipment, net

    $ 128,541     $ 113,175  
                   

 

(1) See Note 2 to the condensed consolidated financial statements for further discussion.
This excerpt taken from the NFLX 10-Q filed Aug 11, 2008.

Property and Equipment, net

Property and equipment and accumulated depreciation consisted of the following:

 

          As of  
          June 30,
2008		     December 31,
2007		  

Computer equipment

    3 years    $ 40,395     $ 35,585  

Other equipment

    3-5 years      51,606       41,140  

Computer software, including internal-use software

    1-3 years      29,344       22,058  

Furniture and fixtures

    3 years      11,815       7,882  

Building

    30 years      40,681       37,193  

Leasehold improvements

    Over life of lease      32,046       18,440  

Capital work-in-progress

         4,845       18,452  
                   

Property and equipment, gross

         210,732       180,750  

Less: Accumulated depreciation

         (81,179 )     (67,575 )
                   

Property and equipment, net

       $ 129,553     $ 113,175  
                   
These excerpts taken from the NFLX 10-K filed Feb 28, 2008.

Property and Equipment, Net

Property and equipment and accumulated depreciation consisted of the following:

 

    As of December 31,  
    2007     2006  
    (in thousands)  

Computer equipment

    3 years   $ 35,585     $ 28,237  

Other equipment

    3-5 years     41,140       25,000  

Computer software, including internal-use software

    1-3 years     22,058       16,883  

Furniture and fixtures

    3 years     7,882       4,855  

Leasehold improvements

    Over life of lease     18,440       14,389  

Capital work-in-progress

     18,452       11,482  
               

Property and equipment, gross

     143,557       100,846  

Less: Accumulated depreciation

     (66,231 )     (45,343 )
               

Property and equipment, net

   $ 77,326     $ 55,503  
               

Capital work-in-progress consists primarily of approximately $10.2 million of capital expenditures not yet in service and approximately $8.2 million of leasehold improvements associated with the leasing of the building adjacent to the Company’s headquarters in Los Gatos, California. The building is expected to be completed in the first quarter of 2008, at which time the Company will commence depreciation of the related leasehold improvements. The leasehold improvements will be depreciated over the shorter of the lease term or the estimated useful life of the related assets.

Property and Equipment, Net

STYLE="margin-top:6px;margin-bottom:0px; text-indent:4%">Property and equipment and accumulated depreciation consisted of the following:

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






































































































































































  As of December 31, 
  2007  2006 
  (in thousands) 

Computer equipment

  3 years $35,585  $28,237 

Other equipment

  3-5 years  41,140   25,000 

Computer software, including internal-use software

  1-3 years  22,058   16,883 

Furniture and fixtures

  3 years  7,882   4,855 

Leasehold improvements

  Over life of lease  18,440   14,389 

Capital work-in-progress

  18,452   11,482 
        

Property and equipment, gross

  143,557   100,846 

Less: Accumulated depreciation

  (66,231)  (45,343)
        

Property and equipment, net

 $77,326  $55,503 
        

Capital work-in-progress consists primarily of approximately $10.2 million of capital expenditures
not yet in service and approximately $8.2 million of leasehold improvements associated with the leasing of the building adjacent to the Company’s headquarters in Los Gatos, California. The building is expected to be completed in the first
quarter of 2008, at which time the Company will commence depreciation of the related leasehold improvements. The leasehold improvements will be depreciated over the shorter of the lease term or the estimated useful life of the related assets.

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

Property and Equipment, Net

Property and equipment, net consisted of the following:

 

     As of December 31,  
     2005     2006  

Computer equipment

   3 years    $ 22,549     $ 28,237  

Other equipment

   3-5 years      19,641       25,000  

Computer software, including internal-use software

   1-3 years      13,061       16,883  

Furniture and fixtures

   3 years      1,240       4,855  

Leasehold improvements

    Over life of lease      2,866       14,389  

Capital work-in-progress

      13,266       11,482  
                

Property and equipment, gross

      72,623       100,846  

Less: accumulated depreciation

      (32,410 )     (45,343 )
                

Property and equipment, net

    $ 40,213     $ 55,503  
                

Capital work-in-progress consists primarily of approximately $7,787 of capital equipment purchases not yet in service and approximately $3,276 of leasehold improvements associated with the leasing of the building adjacent to the Company’s headquarters in Los Gatos, California. The building is expected to be completed in the first quarter of 2008, at which time the Company will commence amortization of the related leasehold improvements. The leasehold improvements will be amortized over the shorter of the lease term or the estimated useful life of the related assets.

Property and equipment included approximately $6,173 of assets under capital leases as of December 31, 2005. These capital leases were fully amortized as of December 31, 2005. The related amortization is included in depreciation expense.

Computer software included approximately $8,054 and $10,595 of internally incurred capitalized software development costs as of December 31, 2005 and 2006, respectively. Accumulated amortization of capitalized software development costs totaled $6,959 and $8,885 as of December 31, 2005 and 2006, respectively.

EXCERPTS ON THIS PAGE:

10-Q
May 8, 2009
10-K (2 sections)
Feb 25, 2009
10-Q
Nov 3, 2008
10-Q
Aug 11, 2008
10-K (2 sections)
Feb 28, 2008
10-K
Feb 28, 2007

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