| Balance Sheet Components |
6. Balance sheet components
Accounts Receivable, net: Accounts receivable, net consisted of the following (in thousands):
|
|
|
As of December 31, |
|
|
|
|
2020 |
|
|
2019 |
|
|
Gross accounts receivable |
|
$ |
565,088 |
|
|
$ |
360,194 |
|
|
Allowance for sales returns |
|
|
(5,912 |
) |
|
|
(6,550 |
) |
|
Allowance for sales incentives |
|
|
(30,838 |
) |
|
|
(19,476 |
) |
|
Allowance for doubtful accounts |
|
|
(4,181 |
) |
|
|
(1,140 |
) |
|
Other allowances |
|
|
(305 |
) |
|
|
(355 |
) |
|
Total allowances |
|
|
(41,236 |
) |
|
|
(27,521 |
) |
|
Total Accounts Receivable, net of allowances |
|
$ |
523,852 |
|
|
$ |
332,673 |
|
Property and Equipment, net: Property and equipment, net consisted of the following (in thousands):
|
|
|
As of December 31, |
|
|
|
|
2020 |
|
|
2019 |
|
|
Computers and equipment |
|
$ |
30,859 |
|
|
$ |
23,834 |
|
|
Leasehold improvements |
|
|
144,013 |
|
|
|
93,239 |
|
|
Website and internal-use software |
|
|
6,744 |
|
|
|
6,510 |
|
|
Office equipment and furniture |
|
|
19,661 |
|
|
|
12,091 |
|
|
Total property and equipment |
|
|
201,277 |
|
|
|
135,674 |
|
|
Accumulated depreciation and amortization |
|
|
(46,080 |
) |
|
|
(32,412 |
) |
|
Property and Equipment, net |
|
$ |
155,197 |
|
|
$ |
103,262 |
|
Depreciation and amortization expense, for property and equipment assets, for the years ended December 31, 2020, 2019 and 2018 was $21.7 million, $12.8 million and $7.8 million, respectively.
Accrued Liabilities: Accrued liabilities consisted of the following (in thousands):
|
|
|
As of December 31, |
|
|
|
|
2020 |
|
|
2019 |
|
|
Payments due to content publishers |
|
$ |
106,576 |
|
|
$ |
57,376 |
|
|
Accrued cost of revenue |
|
|
98,285 |
|
|
|
58,149 |
|
|
Marketing, retail and merchandising costs |
|
|
43,645 |
|
|
|
7,624 |
|
|
Operating lease liability, current |
|
|
35,647 |
|
|
|
17,896 |
|
|
Accrued royalty expense |
|
|
15,713 |
|
|
|
18,040 |
|
|
Licensed content liability, current |
|
|
6,165 |
|
|
|
1,679 |
|
|
Other accrued expenses |
|
|
41,637 |
|
|
|
37,583 |
|
|
Total Accrued Liabilities |
|
$ |
347,668 |
|
|
$ |
198,347 |
|
Deferred Revenue: Deferred revenue consisted of the following (in thousands):
|
|
|
As of December 31, |
|
|
|
|
2020 |
|
|
2019 |
|
|
Platform, current |
|
$ |
27,587 |
|
|
$ |
18,234 |
|
|
Player, current |
|
|
27,878 |
|
|
|
21,627 |
|
|
Total deferred revenue, current |
|
|
55,465 |
|
|
|
39,861 |
|
|
Platform, non-current |
|
|
9,909 |
|
|
|
6,135 |
|
|
Player, non-current |
|
|
11,374 |
|
|
|
9,235 |
|
|
Total deferred revenue, non-current |
|
|
21,283 |
|
|
|
15,370 |
|
|
Total Deferred Revenue |
|
$ |
76,748 |
|
|
$ |
55,231 |
|
|