| Name | Title | Action | Date Adopted | Expiration Date | Aggregate # of Securities to be Purchased/Sold | |||||||||||||||||||||||||||
Ted Sarandos (1) | Co-CEO and Director | Adoption | 11/10/2023 | 2/7/2025 | 68,957 |
(1) Ted Sarandos, co-CEO and a member of the Board of Directors, entered into a pre-arranged stock trading plan pursuant to Rule 10b5-1 on November 10, 2023. Mr. Sarandos' plan provides for the potential exercise of vested stock options and the associated sale of up to 68,957 shares of Netflix common stock. The plan expires on February 7, 2025, or upon the earlier completion of all authorized transactions under the plan. |
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Revenues | $ | 14,873,783\u00a0 | $ | 14,084,643\u00a0 | $ | 12,972,100\u00a0 | ||||||||||||||
| Paid net membership additions (losses) | 5,832\u00a0 | (919) | 1,279\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 80,128\u00a0 | 74,296\u00a0 | 75,215\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Revenues | $ | 10,556,487\u00a0 | $ | 9,745,015\u00a0 | $ | 9,699,819\u00a0 | ||||||||||||||
| Paid net membership additions | 12,084\u00a0 | 2,693\u00a0 | 7,338\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 88,813\u00a0 | 76,729\u00a0 | 74,036\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Revenues | $ | 4,446,461\u00a0 | $ | 4,069,973\u00a0 | $ | 3,576,976\u00a0 | ||||||||||||||
| Paid net membership additions | 4,298\u00a0 | 1,738\u00a0 | 2,424\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 45,997\u00a0 | 41,699\u00a0 | 39,961\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Revenues | $ | 3,763,727\u00a0 | $ | 3,570,221\u00a0 | $ | 3,266,601\u00a0 | ||||||||||||||
| Paid net membership additions | 7,315\u00a0 | 5,391\u00a0 | 7,140\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 45,338\u00a0 | 38,023\u00a0 | 32,632\u00a0 | |||||||||||||||||
| (1) 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\u2019s internal systems, which utilize industry standard geo-location technology. |
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Revenues | $ | 14,873,783\u00a0 | $ | 14,084,643\u00a0 | $ | 12,972,100\u00a0 | ||||||||||||||
| Paid net membership additions (losses) | 5,832\u00a0 | (919) | 1,279\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 80,128\u00a0 | 74,296\u00a0 | 75,215\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Revenues | $ | 10,556,487\u00a0 | $ | 9,745,015\u00a0 | $ | 9,699,819\u00a0 | ||||||||||||||
| Paid net membership additions | 12,084\u00a0 | 2,693\u00a0 | 7,338\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 88,813\u00a0 | 76,729\u00a0 | 74,036\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Revenues | $ | 4,446,461\u00a0 | $ | 4,069,973\u00a0 | $ | 3,576,976\u00a0 | ||||||||||||||
| Paid net membership additions | 4,298\u00a0 | 1,738\u00a0 | 2,424\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 45,997\u00a0 | 41,699\u00a0 | 39,961\u00a0 | |||||||||||||||||
| As of/Year Ended December 31, | ||||||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | |||||||||||||||||
| \u00a0 | (in thousands) | |||||||||||||||||||
| Revenues | $ | 3,763,727\u00a0 | $ | 3,570,221\u00a0 | $ | 3,266,601\u00a0 | ||||||||||||||
| Paid net membership additions | 7,315\u00a0 | 5,391\u00a0 | 7,140\u00a0 | |||||||||||||||||
| Paid memberships at end of period (1) | 45,338\u00a0 | 38,023\u00a0 | 32,632\u00a0 | |||||||||||||||||
| (1) 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\u2019s internal systems, which utilize industry standard geo-location technology. |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in\u00a0thousands,\u00a0except\u00a0per\u00a0share\u00a0data) | ||||||||||||||||
| Basic earnings per share: | |||||||||||||||||
| Net income | $ | 5,407,990\u00a0 | $ | 4,491,924\u00a0 | $ | 5,116,228\u00a0 | |||||||||||
| Shares used in computation: | |||||||||||||||||
| Weighted-average shares of common stock outstanding | 441,571\u00a0 | 444,698\u00a0 | 443,155\u00a0 | ||||||||||||||
| Basic earnings per share | $ | 12.25\u00a0 | $ | 10.10\u00a0 | $ | 11.55\u00a0 | |||||||||||
| Diluted earnings per share: | |||||||||||||||||
| Net income | $ | 5,407,990\u00a0 | $ | 4,491,924\u00a0 | $ | 5,116,228\u00a0 | |||||||||||
| Shares used in computation: | |||||||||||||||||
| Weighted-average shares of common stock outstanding | 441,571\u00a0 | 444,698\u00a0 | 443,155\u00a0 | ||||||||||||||
| Employee stock options | 7,927\u00a0 | 6,592\u00a0 | 12,217\u00a0 | ||||||||||||||
| Weighted-average number of shares | 449,498\u00a0 | 451,290\u00a0 | 455,372\u00a0 | ||||||||||||||
Diluted earnings per share | $ | 12.03\u00a0 | $ | 9.95\u00a0 | $ | 11.24\u00a0 |
| \u00a0 | Year\u00a0Ended\u00a0December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Employee stock options | 4,109\u00a0 | 6,790\u00a0 | 348\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in\u00a0thousands,\u00a0except\u00a0per\u00a0share\u00a0data) | ||||||||||||||||
| Basic earnings per share: | |||||||||||||||||
| Net income | $ | 5,407,990\u00a0 | $ | 4,491,924\u00a0 | $ | 5,116,228\u00a0 | |||||||||||
| Shares used in computation: | |||||||||||||||||
| Weighted-average shares of common stock outstanding | 441,571\u00a0 | 444,698\u00a0 | 443,155\u00a0 | ||||||||||||||
| Basic earnings per share | $ | 12.25\u00a0 | $ | 10.10\u00a0 | $ | 11.55\u00a0 | |||||||||||
| Diluted earnings per share: | |||||||||||||||||
| Net income | $ | 5,407,990\u00a0 | $ | 4,491,924\u00a0 | $ | 5,116,228\u00a0 | |||||||||||
| Shares used in computation: | |||||||||||||||||
| Weighted-average shares of common stock outstanding | 441,571\u00a0 | 444,698\u00a0 | 443,155\u00a0 | ||||||||||||||
| Employee stock options | 7,927\u00a0 | 6,592\u00a0 | 12,217\u00a0 | ||||||||||||||
| Weighted-average number of shares | 449,498\u00a0 | 451,290\u00a0 | 455,372\u00a0 | ||||||||||||||
Diluted earnings per share | $ | 12.03\u00a0 | $ | 9.95\u00a0 | $ | 11.24\u00a0 |
| \u00a0 | Year\u00a0Ended\u00a0December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Employee stock options | 4,109\u00a0 | 6,790\u00a0 | 348\u00a0 |
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||||||||
| \u00a0 | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | Total | ||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||
| Cash | $ | 5,986,629\u00a0 | $ | \u2014\u00a0 | $ | 1,466\u00a0 | $ | 81\u00a0 | $ | 5,988,176\u00a0 | |||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||
| Money market funds | 925,652\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 55\u00a0 | 925,707\u00a0 | ||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||
| Time Deposits (1) | 204,632\u00a0 | 20,973\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 225,605\u00a0 | ||||||||||||||||||||||||
| $ | 7,116,913\u00a0 | $ | 20,973\u00a0 | $ | 1,466\u00a0 | $ | 136\u00a0 | $ | 7,139,488\u00a0 | ||||||||||||||||||||
| \u00a0 | As of December 31, 2022 | ||||||||||||||||||||||||||||
| \u00a0 | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | Total | ||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||
| Cash | $ | 4,071,584\u00a0 | $ | \u2014\u00a0 | $ | 3,410\u00a0 | $ | 19,874\u00a0 | $ | 4,094,868\u00a0 | |||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||
| Money market funds | 569,826\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 122\u00a0 | 569,948\u00a0 | ||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||
| Time Deposits (2) | 505,766\u00a0 | 911,276\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 1,417,042\u00a0 | ||||||||||||||||||||||||
| $ | 5,147,176\u00a0 | $ | 911,276\u00a0 | $ | 3,410\u00a0 | $ | 19,996\u00a0 | $ | 6,081,858\u00a0 |
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||||||||
| \u00a0 | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | Total | ||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||
| Cash | $ | 5,986,629\u00a0 | $ | \u2014\u00a0 | $ | 1,466\u00a0 | $ | 81\u00a0 | $ | 5,988,176\u00a0 | |||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||
| Money market funds | 925,652\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 55\u00a0 | 925,707\u00a0 | ||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||
| Time Deposits (1) | 204,632\u00a0 | 20,973\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 225,605\u00a0 | ||||||||||||||||||||||||
| $ | 7,116,913\u00a0 | $ | 20,973\u00a0 | $ | 1,466\u00a0 | $ | 136\u00a0 | $ | 7,139,488\u00a0 | ||||||||||||||||||||
| \u00a0 | As of December 31, 2022 | ||||||||||||||||||||||||||||
| \u00a0 | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | Total | ||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||
| Cash | $ | 4,071,584\u00a0 | $ | \u2014\u00a0 | $ | 3,410\u00a0 | $ | 19,874\u00a0 | $ | 4,094,868\u00a0 | |||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||
| Money market funds | 569,826\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 122\u00a0 | 569,948\u00a0 | ||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||
| Time Deposits (2) | 505,766\u00a0 | 911,276\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 1,417,042\u00a0 | ||||||||||||||||||||||||
| $ | 5,147,176\u00a0 | $ | 911,276\u00a0 | $ | 3,410\u00a0 | $ | 19,996\u00a0 | $ | 6,081,858\u00a0 |
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||||||||
| \u00a0 | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | Total | ||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||
| Cash | $ | 5,986,629\u00a0 | $ | \u2014\u00a0 | $ | 1,466\u00a0 | $ | 81\u00a0 | $ | 5,988,176\u00a0 | |||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||
| Money market funds | 925,652\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 55\u00a0 | 925,707\u00a0 | ||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||
| Time Deposits (1) | 204,632\u00a0 | 20,973\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 225,605\u00a0 | ||||||||||||||||||||||||
| $ | 7,116,913\u00a0 | $ | 20,973\u00a0 | $ | 1,466\u00a0 | $ | 136\u00a0 | $ | 7,139,488\u00a0 | ||||||||||||||||||||
| \u00a0 | As of December 31, 2022 | ||||||||||||||||||||||||||||
| \u00a0 | Cash and cash equivalents | Short-term investments | Other Current Assets | Non-current Assets | Total | ||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||
| Cash | $ | 4,071,584\u00a0 | $ | \u2014\u00a0 | $ | 3,410\u00a0 | $ | 19,874\u00a0 | $ | 4,094,868\u00a0 | |||||||||||||||||||
| Level 1 securities: | |||||||||||||||||||||||||||||
| Money market funds | 569,826\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 122\u00a0 | 569,948\u00a0 | ||||||||||||||||||||||||
| Level 2 securities: | |||||||||||||||||||||||||||||
| Time Deposits (2) | 505,766\u00a0 | 911,276\u00a0 | \u2014\u00a0 | \u2014\u00a0 | 1,417,042\u00a0 | ||||||||||||||||||||||||
| $ | 5,147,176\u00a0 | $ | 911,276\u00a0 | $ | 3,410\u00a0 | $ | 19,996\u00a0 | $ | 6,081,858\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| (in thousands) | |||||||||||
Licensed content, net | $ | 12,722,701\u00a0 | $ | 12,732,549\u00a0 | |||||||
Produced content, net | |||||||||||
Released, less amortization | 9,843,150\u00a0 | 9,110,518\u00a0 | |||||||||
In production | 8,247,578\u00a0 | 10,255,940\u00a0 | |||||||||
In development and pre-production | 844,627\u00a0 | 637,706\u00a0 | |||||||||
| 18,935,355\u00a0 | 20,004,164\u00a0 | ||||||||||
| Content assets, net | $ | 31,658,056\u00a0 | $ | 32,736,713\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| (in thousands) | |||||||||||||||||
| Licensed content | $ | 7,145,446\u00a0 | $ | 7,681,978\u00a0 | $ | 8,055,811\u00a0 | |||||||||||
| Produced content (1) | 7,051,991\u00a0 | 6,344,154\u00a0 | 4,174,556\u00a0 | ||||||||||||||
| Total | $ | 14,197,437\u00a0 | $ | 14,026,132\u00a0 | $ | 12,230,367\u00a0 |
| As of December\u00a031, | Estimated Useful Lives (in Years) | |||||||||||||||||||
| 2023 | 2022 | |||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Land | $ | 88,429\u00a0 | $ | 85,005\u00a0 | ||||||||||||||||
| Buildings | 150,736\u00a0 | 52,106\u00a0 | 30 years | |||||||||||||||||
| Leasehold improvements | 1,032,492\u00a0 | 1,040,570\u00a0 | Over\u00a0life\u00a0of\u00a0lease | |||||||||||||||||
| Furniture and fixtures | 144,737\u00a0 | 153,682\u00a0 | 3 years | |||||||||||||||||
| Information technology | 414,092\u00a0 | 442,681\u00a0 | 3 years | |||||||||||||||||
| Corporate aircraft | 99,175\u00a0 | 115,578\u00a0 | 8-10 years | |||||||||||||||||
| Machinery and equipment | 10,334\u00a0 | 26,821\u00a0 | 3-5 years | |||||||||||||||||
| Capital work-in-progress | 406,492\u00a0 | 235,555\u00a0 | ||||||||||||||||||
| Property and equipment, gross | 2,346,487\u00a0 | 2,151,998\u00a0 | ||||||||||||||||||
| Less: Accumulated depreciation | (855,043) | (753,741) | ||||||||||||||||||
| Property and equipment, net | $ | 1,491,444\u00a0 | $ | 1,398,257\u00a0 |
| Year ended December 31, | |||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| (in thousands) | |||||||||||||||||
| Operating lease cost | $ | 430,856\u00a0 | $ | 413,664\u00a0 | $ | 389,805\u00a0 | |||||||||||
| Short-term lease cost | 207,822\u00a0 | 194,764\u00a0 | 152,765\u00a0 | ||||||||||||||
| Total lease cost | $ | 638,678\u00a0 | $ | 608,428\u00a0 | $ | 542,570\u00a0 |
| Year ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Cash paid for operating lease liabilities | $ | 451,525\u00a0 | $ | 413,034\u00a0 | $ | 349,586\u00a0 | |||||||||||
| Right-of-use assets obtained in exchange for new operating lease obligations | 196,639\u00a0 | 252,393\u00a0 | 764,142\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| (in thousands, except lease term and discount rate) | |||||||||||
| $ | 2,076,899\u00a0 | $ | 2,227,122\u00a0 | ||||||||
| $ | 383,312\u00a0 | $ | 355,985\u00a0 | ||||||||
| 2,046,801\u00a0 | 2,222,503\u00a0 | ||||||||||
| Total operating lease liabilities | $ | 2,430,113\u00a0 | $ | 2,578,488\u00a0 | |||||||
| Weighted-average remaining lease term | 7.5 years | 8.3 years | |||||||||
| Weighted-average discount rate | 3.3\u00a0 | % | 3.2\u00a0 | % |
| Due in 12 month period ended December 31, | |||||
| 2024 | $ | 460,353\u00a0 | |||
| 2025 | 424,897\u00a0 | ||||
| 2026 | 401,306\u00a0 | ||||
| 2027 | 340,245\u00a0 | ||||
| 2028 | 282,465\u00a0 | ||||
| Thereafter | 827,117\u00a0 | ||||
| 2,736,383\u00a0 | |||||
| Less imputed interest | (306,270) | ||||
| Total operating lease liabilities | $ | 2,430,113\u00a0 |
| As of | ||||||||||||||
| December 31, 2023 | December 31, 2022 | |||||||||||||
| (in thousands) | ||||||||||||||
Trade receivables | $ | 1,287,054\u00a0 | $ | 988,898\u00a0 | ||||||||||
Prepaid expenses | 408,936\u00a0 | 392,735\u00a0 | ||||||||||||
Other (1) | 1,084,257\u00a0 | 1,826,388\u00a0 | ||||||||||||
Total other current assets | $ | 2,780,247\u00a0 | $ | 3,208,021\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| (in thousands) | |||||||||||
Licensed content, net | $ | 12,722,701\u00a0 | $ | 12,732,549\u00a0 | |||||||
Produced content, net | |||||||||||
Released, less amortization | 9,843,150\u00a0 | 9,110,518\u00a0 | |||||||||
In production | 8,247,578\u00a0 | 10,255,940\u00a0 | |||||||||
In development and pre-production | 844,627\u00a0 | 637,706\u00a0 | |||||||||
| 18,935,355\u00a0 | 20,004,164\u00a0 | ||||||||||
| Content assets, net | $ | 31,658,056\u00a0 | $ | 32,736,713\u00a0 |
| Year Ended December 31, | |||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| (in thousands) | |||||||||||||||||
| Licensed content | $ | 7,145,446\u00a0 | $ | 7,681,978\u00a0 | $ | 8,055,811\u00a0 | |||||||||||
| Produced content (1) | 7,051,991\u00a0 | 6,344,154\u00a0 | 4,174,556\u00a0 | ||||||||||||||
| Total | $ | 14,197,437\u00a0 | $ | 14,026,132\u00a0 | $ | 12,230,367\u00a0 |
| As of December\u00a031, | Estimated Useful Lives (in Years) | |||||||||||||||||||
| 2023 | 2022 | |||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Land | $ | 88,429\u00a0 | $ | 85,005\u00a0 | ||||||||||||||||
| Buildings | 150,736\u00a0 | 52,106\u00a0 | 30 years | |||||||||||||||||
| Leasehold improvements | 1,032,492\u00a0 | 1,040,570\u00a0 | Over\u00a0life\u00a0of\u00a0lease | |||||||||||||||||
| Furniture and fixtures | 144,737\u00a0 | 153,682\u00a0 | 3 years | |||||||||||||||||
| Information technology | 414,092\u00a0 | 442,681\u00a0 | 3 years | |||||||||||||||||
| Corporate aircraft | 99,175\u00a0 | 115,578\u00a0 | 8-10 years | |||||||||||||||||
| Machinery and equipment | 10,334\u00a0 | 26,821\u00a0 | 3-5 years | |||||||||||||||||
| Capital work-in-progress | 406,492\u00a0 | 235,555\u00a0 | ||||||||||||||||||
| Property and equipment, gross | 2,346,487\u00a0 | 2,151,998\u00a0 | ||||||||||||||||||
| Less: Accumulated depreciation | (855,043) | (753,741) | ||||||||||||||||||
| Property and equipment, net | $ | 1,491,444\u00a0 | $ | 1,398,257\u00a0 |
| Year ended December 31, | |||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| (in thousands) | |||||||||||||||||
| Operating lease cost | $ | 430,856\u00a0 | $ | 413,664\u00a0 | $ | 389,805\u00a0 | |||||||||||
| Short-term lease cost | 207,822\u00a0 | 194,764\u00a0 | 152,765\u00a0 | ||||||||||||||
| Total lease cost | $ | 638,678\u00a0 | $ | 608,428\u00a0 | $ | 542,570\u00a0 |
| Year ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Cash paid for operating lease liabilities | $ | 451,525\u00a0 | $ | 413,034\u00a0 | $ | 349,586\u00a0 | |||||||||||
| Right-of-use assets obtained in exchange for new operating lease obligations | 196,639\u00a0 | 252,393\u00a0 | 764,142\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| (in thousands, except lease term and discount rate) | |||||||||||
| $ | 2,076,899\u00a0 | $ | 2,227,122\u00a0 | ||||||||
| $ | 383,312\u00a0 | $ | 355,985\u00a0 | ||||||||
| 2,046,801\u00a0 | 2,222,503\u00a0 | ||||||||||
| Total operating lease liabilities | $ | 2,430,113\u00a0 | $ | 2,578,488\u00a0 | |||||||
| Weighted-average remaining lease term | 7.5 years | 8.3 years | |||||||||
| Weighted-average discount rate | 3.3\u00a0 | % | 3.2\u00a0 | % |
| Due in 12 month period ended December 31, | |||||
| 2024 | $ | 460,353\u00a0 | |||
| 2025 | 424,897\u00a0 | ||||
| 2026 | 401,306\u00a0 | ||||
| 2027 | 340,245\u00a0 | ||||
| 2028 | 282,465\u00a0 | ||||
| Thereafter | 827,117\u00a0 | ||||
| 2,736,383\u00a0 | |||||
| Less imputed interest | (306,270) | ||||
| Total operating lease liabilities | $ | 2,430,113\u00a0 |
| As of | ||||||||||||||
| December 31, 2023 | December 31, 2022 | |||||||||||||
| (in thousands) | ||||||||||||||
Trade receivables | $ | 1,287,054\u00a0 | $ | 988,898\u00a0 | ||||||||||
Prepaid expenses | 408,936\u00a0 | 392,735\u00a0 | ||||||||||||
Other (1) | 1,084,257\u00a0 | 1,826,388\u00a0 | ||||||||||||
Total other current assets | $ | 2,780,247\u00a0 | $ | 3,208,021\u00a0 |
| Principal Amount at Par | Level 2 Fair Value as of | ||||||||||||||||||||||||||||||||||
| December 31, 2023 | December 31, 2022 | Issuance Date | Maturity | December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||
| (in millions) | (in millions) | ||||||||||||||||||||||||||||||||||
5.750% Senior Notes | $ | 400\u00a0 | $ | 400\u00a0 | February 2014 | March 2024 | $ | 400\u00a0 | $ | 404\u00a0 | |||||||||||||||||||||||||
5.875% Senior Notes | 800\u00a0 | 800\u00a0 | February 2015 | February 2025 | 807\u00a0 | 811\u00a0 | |||||||||||||||||||||||||||||
3.000% Senior Notes (1) | 519\u00a0 | 503\u00a0 | April 2020 | June 2025 | 516\u00a0 | 495\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes | 500\u00a0 | 500\u00a0 | April 2020 | June 2025 | 491\u00a0 | 479\u00a0 | |||||||||||||||||||||||||||||
4.375% Senior Notes | 1,000\u00a0 | 1,000\u00a0 | October 2016 | November 2026 | 996\u00a0 | 980\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes (1) | 1,434\u00a0 | 1,391\u00a0 | May 2017 | May 2027 | 1,454\u00a0 | 1,338\u00a0 | |||||||||||||||||||||||||||||
4.875% Senior Notes | 1,600\u00a0 | 1,600\u00a0 | October 2017 | April 2028 | 1,621\u00a0 | 1,557\u00a0 | |||||||||||||||||||||||||||||
5.875% Senior Notes | 1,900\u00a0 | 1,900\u00a0 | April 2018 | November 2028 | 2,009\u00a0 | 1,930\u00a0 | |||||||||||||||||||||||||||||
4.625% Senior Notes (1) | 1,215\u00a0 | 1,177\u00a0 | October 2018 | May 2029 | 1,300\u00a0 | 1,151\u00a0 | |||||||||||||||||||||||||||||
6.375% Senior Notes | 800\u00a0 | 800\u00a0 | October 2018 | May 2029 | 872\u00a0 | 830\u00a0 | |||||||||||||||||||||||||||||
3.875% Senior Notes (1) | 1,325\u00a0 | 1,284\u00a0 | April 2019 | November 2029 | 1,372\u00a0 | 1,201\u00a0 | |||||||||||||||||||||||||||||
5.375% Senior Notes | 900\u00a0 | 900\u00a0 | April 2019 | November 2029 | 931\u00a0 | 885\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes (1) | 1,215\u00a0 | 1,177\u00a0 | October 2019 | June 2030 | 1,237\u00a0 | 1,078\u00a0 | |||||||||||||||||||||||||||||
4.875% Senior Notes | 1,000\u00a0 | 1,000\u00a0 | October 2019 | June 2030 | 1,012\u00a0 | 944\u00a0 | |||||||||||||||||||||||||||||
| $ | 14,608\u00a0 | $ | 14,432\u00a0 | $ | 15,018\u00a0 | $ | 14,083\u00a0 | ||||||||||||||||||||||||||||
| Principal Amount at Par | Level 2 Fair Value as of | ||||||||||||||||||||||||||||||||||
| December 31, 2023 | December 31, 2022 | Issuance Date | Maturity | December 31, 2023 | December 31, 2022 | ||||||||||||||||||||||||||||||
| (in millions) | (in millions) | ||||||||||||||||||||||||||||||||||
5.750% Senior Notes | $ | 400\u00a0 | $ | 400\u00a0 | February 2014 | March 2024 | $ | 400\u00a0 | $ | 404\u00a0 | |||||||||||||||||||||||||
5.875% Senior Notes | 800\u00a0 | 800\u00a0 | February 2015 | February 2025 | 807\u00a0 | 811\u00a0 | |||||||||||||||||||||||||||||
3.000% Senior Notes (1) | 519\u00a0 | 503\u00a0 | April 2020 | June 2025 | 516\u00a0 | 495\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes | 500\u00a0 | 500\u00a0 | April 2020 | June 2025 | 491\u00a0 | 479\u00a0 | |||||||||||||||||||||||||||||
4.375% Senior Notes | 1,000\u00a0 | 1,000\u00a0 | October 2016 | November 2026 | 996\u00a0 | 980\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes (1) | 1,434\u00a0 | 1,391\u00a0 | May 2017 | May 2027 | 1,454\u00a0 | 1,338\u00a0 | |||||||||||||||||||||||||||||
4.875% Senior Notes | 1,600\u00a0 | 1,600\u00a0 | October 2017 | April 2028 | 1,621\u00a0 | 1,557\u00a0 | |||||||||||||||||||||||||||||
5.875% Senior Notes | 1,900\u00a0 | 1,900\u00a0 | April 2018 | November 2028 | 2,009\u00a0 | 1,930\u00a0 | |||||||||||||||||||||||||||||
4.625% Senior Notes (1) | 1,215\u00a0 | 1,177\u00a0 | October 2018 | May 2029 | 1,300\u00a0 | 1,151\u00a0 | |||||||||||||||||||||||||||||
6.375% Senior Notes | 800\u00a0 | 800\u00a0 | October 2018 | May 2029 | 872\u00a0 | 830\u00a0 | |||||||||||||||||||||||||||||
3.875% Senior Notes (1) | 1,325\u00a0 | 1,284\u00a0 | April 2019 | November 2029 | 1,372\u00a0 | 1,201\u00a0 | |||||||||||||||||||||||||||||
5.375% Senior Notes | 900\u00a0 | 900\u00a0 | April 2019 | November 2029 | 931\u00a0 | 885\u00a0 | |||||||||||||||||||||||||||||
3.625% Senior Notes (1) | 1,215\u00a0 | 1,177\u00a0 | October 2019 | June 2030 | 1,237\u00a0 | 1,078\u00a0 | |||||||||||||||||||||||||||||
4.875% Senior Notes | 1,000\u00a0 | 1,000\u00a0 | October 2019 | June 2030 | 1,012\u00a0 | 944\u00a0 | |||||||||||||||||||||||||||||
| $ | 14,608\u00a0 | $ | 14,432\u00a0 | $ | 15,018\u00a0 | $ | 14,083\u00a0 | ||||||||||||||||||||||||||||
| As\u00a0of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| (in thousands) | |||||||||||
Derivatives designated as hedging instruments: | |||||||||||
Foreign exchange contracts | |||||||||||
Cash flow hedges | $ | 8,783,273\u00a0 | $ | \u2014\u00a0 | |||||||
Total | $ | 8,783,273\u00a0 | $ | \u2014\u00a0 |
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||
| Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
| \u00a0 | Other current assets | Other non-current assets | Accrued expenses and other liabilities | Other non-current liabilities | |||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||
| Derivatives designated as hedging instruments: | |||||||||||||||||||||||
| Foreign exchange contracts | $ | 26,416\u00a0 | $ | 4,518\u00a0 | $ | 140,089\u00a0 | $ | 46,575\u00a0 | |||||||||||||||
| Total | $ | 26,416\u00a0 | $ | 4,518\u00a0 | $ | 140,089\u00a0 | $ | 46,575\u00a0 | |||||||||||||||
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Gross Amount Not Offset in the Consolidated Balance Sheets | |||||||||||||||||||||||||||||||||||
| \u00a0 | Gross Amount Recognized in the Consolidated Balance Sheets | Gross Amount Offset in the Consolidated Balance Sheets | Net Amount Presented in the Consolidated Balance Sheets | Financial Instruments | Collateral Received and Posted | Net Amount | |||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||
| Derivative assets | $ | 30,934\u00a0 | $ | \u2014\u00a0 | $ | 30,934\u00a0 | $ | (27,246) | $ | \u2014\u00a0 | $ | 3,688\u00a0 | |||||||||||||||||||||||
| Derivative liabilities | 186,664\u00a0 | \u2014\u00a0 | 186,664\u00a0 | (27,246) | \u2014\u00a0 | 159,418\u00a0 | |||||||||||||||||||||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Cash flow hedges: | |||||||||||||||||
| Foreign exchange contracts (1) | |||||||||||||||||
| Amount included in the assessment of effectiveness | $ | (155,730) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | |||||||||||
| Total | $ | (155,730) | $ | \u2014\u00a0 | $ | \u2014\u00a0 |
| As\u00a0of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| (in thousands) | |||||||||||
Derivatives designated as hedging instruments: | |||||||||||
Foreign exchange contracts | |||||||||||
Cash flow hedges | $ | 8,783,273\u00a0 | $ | \u2014\u00a0 | |||||||
Total | $ | 8,783,273\u00a0 | $ | \u2014\u00a0 |
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||
| Derivative Assets | Derivative Liabilities | ||||||||||||||||||||||
| \u00a0 | Other current assets | Other non-current assets | Accrued expenses and other liabilities | Other non-current liabilities | |||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||
| Derivatives designated as hedging instruments: | |||||||||||||||||||||||
| Foreign exchange contracts | $ | 26,416\u00a0 | $ | 4,518\u00a0 | $ | 140,089\u00a0 | $ | 46,575\u00a0 | |||||||||||||||
| Total | $ | 26,416\u00a0 | $ | 4,518\u00a0 | $ | 140,089\u00a0 | $ | 46,575\u00a0 | |||||||||||||||
| \u00a0 | As of December 31, 2023 | ||||||||||||||||||||||||||||||||||
| Gross Amount Not Offset in the Consolidated Balance Sheets | |||||||||||||||||||||||||||||||||||
| \u00a0 | Gross Amount Recognized in the Consolidated Balance Sheets | Gross Amount Offset in the Consolidated Balance Sheets | Net Amount Presented in the Consolidated Balance Sheets | Financial Instruments | Collateral Received and Posted | Net Amount | |||||||||||||||||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||||||||||||||||||||
| Derivative assets | $ | 30,934\u00a0 | $ | \u2014\u00a0 | $ | 30,934\u00a0 | $ | (27,246) | $ | \u2014\u00a0 | $ | 3,688\u00a0 | |||||||||||||||||||||||
| Derivative liabilities | 186,664\u00a0 | \u2014\u00a0 | 186,664\u00a0 | (27,246) | \u2014\u00a0 | 159,418\u00a0 | |||||||||||||||||||||||||||||
| Year Ended December 31, | |||||||||||||||||
| 2023 | 2022 | 2021 | |||||||||||||||
| (in thousands) | |||||||||||||||||
| Cash flow hedges: | |||||||||||||||||
| Foreign exchange contracts (1) | |||||||||||||||||
| Amount included in the assessment of effectiveness | $ | (155,730) | $ | \u2014\u00a0 | $ | \u2014\u00a0 | |||||||||||
| Total | $ | (155,730) | $ | \u2014\u00a0 | $ | \u2014\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| \u00a0 | (in\u00a0thousands) | ||||||||||
| Less than one year | $ | 10,328,923\u00a0 | $ | 10,038,483\u00a0 | |||||||
| Due after one year and through 3 years | 8,784,302\u00a0 | 9,425,551\u00a0 | |||||||||
| Due after 3 years and through 5 years | 2,016,358\u00a0 | 2,124,307\u00a0 | |||||||||
| Due after 5 years | 583,766\u00a0 | 243,606\u00a0 | |||||||||
| Total content obligations | $ | 21,713,349\u00a0 | $ | 21,831,947\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| \u00a0 | (in\u00a0thousands) | ||||||||||
| Less than one year | $ | 10,328,923\u00a0 | $ | 10,038,483\u00a0 | |||||||
| Due after one year and through 3 years | 8,784,302\u00a0 | 9,425,551\u00a0 | |||||||||
| Due after 3 years and through 5 years | 2,016,358\u00a0 | 2,124,307\u00a0 | |||||||||
| Due after 5 years | 583,766\u00a0 | 243,606\u00a0 | |||||||||
| Total content obligations | $ | 21,713,349\u00a0 | $ | 21,831,947\u00a0 |
| \u00a0 | Shares\u00a0 Available for Grant | Options Outstanding | |||||||||||||||||||||||||||
| \u00a0 | Number of Shares | Weighted- Average Exercise Price (per share) | Weighted- Average Remaining Contractual Term (in years) | Aggregate Intrinsic Value (in thousands) | |||||||||||||||||||||||||
| Balances as of December 31, 2020 | 21,702,085\u00a0 | 18,676,810\u00a0 | $ | 170.23\u00a0 | |||||||||||||||||||||||||
| Granted | (1,556,725) | 1,556,725\u00a0 | 554.11\u00a0 | ||||||||||||||||||||||||||
| Exercised | \u2014\u00a0 | (2,632,324) | 65.97\u00a0 | ||||||||||||||||||||||||||
| Expired | \u2014\u00a0 | (5,360) | 34.63\u00a0 | ||||||||||||||||||||||||||
| Balances as of December 31, 2021 | 20,145,360\u00a0 | 17,595,851\u00a0 | $ | 219.83\u00a0 | |||||||||||||||||||||||||
| Granted | (3,691,257) | 3,691,257\u00a0 | 267.94\u00a0 | ||||||||||||||||||||||||||
| Exercised | \u2014\u00a0 | (1,383,669) | 27.19\u00a0 | ||||||||||||||||||||||||||
| Expired | \u2014\u00a0 | (6,578) | 11.10\u00a0 | ||||||||||||||||||||||||||
| Balances as of December 31, 2022 | 16,454,103\u00a0 | 19,896,861\u00a0 | $ | 242.22\u00a0 | |||||||||||||||||||||||||
| Granted | (1,729,218) | 1,729,218\u00a0 | 372.49\u00a0 | ||||||||||||||||||||||||||
| Exercised | \u2014\u00a0 | (1,926,598) | 87.30\u00a0 | ||||||||||||||||||||||||||
| Expired | \u2014\u00a0 | (4,372) | 36.39\u00a0 | ||||||||||||||||||||||||||
| Balances as of December 31, 2023 | 14,724,885\u00a0 | 19,695,109\u00a0 | $ | 268.86\u00a0 | 5.35 | $ | 4,429,404\u00a0 | ||||||||||||||||||||||
Vested and expected to vest as of December\u00a031, 2023 | 19,695,109\u00a0 | $ | 268.86\u00a0 | 5.35 | $ | 4,429,404\u00a0 | |||||||||||||||||||||||
Exercisable as of December\u00a031, 2023 | 19,447,739\u00a0 | $ | 267.37\u00a0 | 5.30 | $ | 4,404,586\u00a0 |
Year Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Total intrinsic value of options exercised | $ | 610,594\u00a0 | $ | 345,839\u00a0 | $ | 1,362,599\u00a0 | ||||||||||||||
| Cash received from options exercised | 169,990\u00a0 | 35,746\u00a0 | 174,414\u00a0 |
| \u00a0 | Year\u00a0Ended\u00a0December\u00a031, | |||||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | |||||||||||||||||
| Dividend yield | \u2014\u00a0 | % | \u2014\u00a0 | % | \u2014\u00a0 | % | ||||||||||||||
| Expected volatility | 40% - 46% | 38% - 52% | 34% - 41% | |||||||||||||||||
| Risk-free interest rate | 3.57% - 4.56% | 1.71% - 3.79% | 1.08% - 1.62% | |||||||||||||||||
| Suboptimal exercise factor | 4.22 - 4.30 | 4.71 - 4.82 | 3.81 - 3.98 | |||||||||||||||||
| Valuation data: | ||||||||||||||||||||
| Weighted-average fair value (per share) | $ | 211.27\u00a0 | $ | 155.88\u00a0 | $ | 259.01\u00a0 | ||||||||||||||
| Total stock-based compensation expense (in thousands) | 339,368\u00a0 | 575,452\u00a0 | 403,220\u00a0 | |||||||||||||||||
| Total income tax impact on provision (in thousands) | 61,588\u00a0 | 127,289\u00a0 | 89,642\u00a0 |
| Foreign Currency Translation Adjustments | Change in Unrealized Gains (Losses) on Cash Flow Hedges | Total | |||||||||||||||
| (in thousands) | |||||||||||||||||
Balances as of December\u00a031, 2020 | $ | 44,398\u00a0 | $ | \u2014\u00a0 | $ | 44,398\u00a0 | |||||||||||
Other comprehensive income (loss) before reclassifications | (84,893) | \u2014\u00a0 | (84,893) | ||||||||||||||
Balances as of December\u00a031, 2021 | (40,495) | \u2014\u00a0 | (40,495) | ||||||||||||||
Other comprehensive income (loss) before reclassifications | (176,811) | \u2014\u00a0 | (176,811) | ||||||||||||||
Balances as of December\u00a031, 2022 | (217,306) | \u2014\u00a0 | (217,306) | ||||||||||||||
Other comprehensive income (loss) before reclassifications | 113,384\u00a0 | (120,023) | (6,639) | ||||||||||||||
Balances as of December\u00a031, 2023 | $ | (103,922) | $ | (120,023) | $ | (223,945) |
| \u00a0 | Shares\u00a0 Available for Grant | Options Outstanding | |||||||||||||||||||||||||||
| \u00a0 | Number of Shares | Weighted- Average Exercise Price (per share) | Weighted- Average Remaining Contractual Term (in years) | Aggregate Intrinsic Value (in thousands) | |||||||||||||||||||||||||
| Balances as of December 31, 2020 | 21,702,085\u00a0 | 18,676,810\u00a0 | $ | 170.23\u00a0 | |||||||||||||||||||||||||
| Granted | (1,556,725) | 1,556,725\u00a0 | 554.11\u00a0 | ||||||||||||||||||||||||||
| Exercised | \u2014\u00a0 | (2,632,324) | 65.97\u00a0 | ||||||||||||||||||||||||||
| Expired | \u2014\u00a0 | (5,360) | 34.63\u00a0 | ||||||||||||||||||||||||||
| Balances as of December 31, 2021 | 20,145,360\u00a0 | 17,595,851\u00a0 | $ | 219.83\u00a0 | |||||||||||||||||||||||||
| Granted | (3,691,257) | 3,691,257\u00a0 | 267.94\u00a0 | ||||||||||||||||||||||||||
| Exercised | \u2014\u00a0 | (1,383,669) | 27.19\u00a0 | ||||||||||||||||||||||||||
| Expired | \u2014\u00a0 | (6,578) | 11.10\u00a0 | ||||||||||||||||||||||||||
| Balances as of December 31, 2022 | 16,454,103\u00a0 | 19,896,861\u00a0 | $ | 242.22\u00a0 | |||||||||||||||||||||||||
| Granted | (1,729,218) | 1,729,218\u00a0 | 372.49\u00a0 | ||||||||||||||||||||||||||
| Exercised | \u2014\u00a0 | (1,926,598) | 87.30\u00a0 | ||||||||||||||||||||||||||
| Expired | \u2014\u00a0 | (4,372) | 36.39\u00a0 | ||||||||||||||||||||||||||
| Balances as of December 31, 2023 | 14,724,885\u00a0 | 19,695,109\u00a0 | $ | 268.86\u00a0 | 5.35 | $ | 4,429,404\u00a0 | ||||||||||||||||||||||
Vested and expected to vest as of December\u00a031, 2023 | 19,695,109\u00a0 | $ | 268.86\u00a0 | 5.35 | $ | 4,429,404\u00a0 | |||||||||||||||||||||||
Exercisable as of December\u00a031, 2023 | 19,447,739\u00a0 | $ | 267.37\u00a0 | 5.30 | $ | 4,404,586\u00a0 |
Year Ended December 31, | ||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||
| (in thousands) | ||||||||||||||||||||
| Total intrinsic value of options exercised | $ | 610,594\u00a0 | $ | 345,839\u00a0 | $ | 1,362,599\u00a0 | ||||||||||||||
| Cash received from options exercised | 169,990\u00a0 | 35,746\u00a0 | 174,414\u00a0 |
| \u00a0 | Year\u00a0Ended\u00a0December\u00a031, | |||||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | |||||||||||||||||
| Dividend yield | \u2014\u00a0 | % | \u2014\u00a0 | % | \u2014\u00a0 | % | ||||||||||||||
| Expected volatility | 40% - 46% | 38% - 52% | 34% - 41% | |||||||||||||||||
| Risk-free interest rate | 3.57% - 4.56% | 1.71% - 3.79% | 1.08% - 1.62% | |||||||||||||||||
| Suboptimal exercise factor | 4.22 - 4.30 | 4.71 - 4.82 | 3.81 - 3.98 | |||||||||||||||||
| Valuation data: | ||||||||||||||||||||
| Weighted-average fair value (per share) | $ | 211.27\u00a0 | $ | 155.88\u00a0 | $ | 259.01\u00a0 | ||||||||||||||
| Total stock-based compensation expense (in thousands) | 339,368\u00a0 | 575,452\u00a0 | 403,220\u00a0 | |||||||||||||||||
| Total income tax impact on provision (in thousands) | 61,588\u00a0 | 127,289\u00a0 | 89,642\u00a0 |
| Foreign Currency Translation Adjustments | Change in Unrealized Gains (Losses) on Cash Flow Hedges | Total | |||||||||||||||
| (in thousands) | |||||||||||||||||
Balances as of December\u00a031, 2020 | $ | 44,398\u00a0 | $ | \u2014\u00a0 | $ | 44,398\u00a0 | |||||||||||
Other comprehensive income (loss) before reclassifications | (84,893) | \u2014\u00a0 | (84,893) | ||||||||||||||
Balances as of December\u00a031, 2021 | (40,495) | \u2014\u00a0 | (40,495) | ||||||||||||||
Other comprehensive income (loss) before reclassifications | (176,811) | \u2014\u00a0 | (176,811) | ||||||||||||||
Balances as of December\u00a031, 2022 | (217,306) | \u2014\u00a0 | (217,306) | ||||||||||||||
Other comprehensive income (loss) before reclassifications | 113,384\u00a0 | (120,023) | (6,639) | ||||||||||||||
Balances as of December\u00a031, 2023 | $ | (103,922) | $ | (120,023) | $ | (223,945) |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| United States | $ | 5,602,762\u00a0 | $ | 4,623,218\u00a0 | $ | 5,349,749\u00a0 | |||||||||||
| Foreign | 602,643\u00a0 | 640,711\u00a0 | 490,354\u00a0 | ||||||||||||||
| Income before income taxes | $ | 6,205,405\u00a0 | $ | 5,263,929\u00a0 | $ | 5,840,103\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Current tax provision: | |||||||||||||||||
| Federal | $ | 854,170\u00a0 | $ | 109,910\u00a0 | $ | 57,526\u00a0 | |||||||||||
| State | 181,684\u00a0 | 119,795\u00a0 | 109,641\u00a0 | ||||||||||||||
| Foreign | 304,539\u00a0 | 676,827\u00a0 | 357,189\u00a0 | ||||||||||||||
| Total current | 1,340,393\u00a0 | 906,532\u00a0 | 524,356\u00a0 | ||||||||||||||
| Deferred tax provision: | |||||||||||||||||
| Federal | (412,760) | (52,434) | 188,937\u00a0 | ||||||||||||||
| State | (55,475) | (30,691) | (2,700) | ||||||||||||||
| Foreign | (74,743) | (51,402) | 13,282\u00a0 | ||||||||||||||
| Total deferred | (542,978) | (134,527) | 199,519\u00a0 | ||||||||||||||
| Provision for income taxes | $ | 797,415\u00a0 | $ | 772,005\u00a0 | $ | 723,875\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Expected tax expense at U.S. Federal statutory tax rate | $ | 1,303,123\u00a0 | $ | 1,105,428\u00a0 | $ | 1,226,422\u00a0 | |||||||||||
| State income taxes, net of Federal income tax effect | 104,717\u00a0 | 92,084\u00a0 | 111,400\u00a0 | ||||||||||||||
| Foreign earnings at other than U.S. rates | (32,292) | 104,665\u00a0 | (86,489) | ||||||||||||||
| Research and development tax credit | (87,036) | (146,615) | (82,909) | ||||||||||||||
| Excess tax benefits on stock-based compensation | (119,043) | (75,211) | (290,899) | ||||||||||||||
| Foreign-derived intangible income deduction | (426,597) | (361,013) | (192,238) | ||||||||||||||
| Nontaxable and nondeductible items | 41,782\u00a0 | 44,046\u00a0 | 37,144\u00a0 | ||||||||||||||
| Other | 12,761\u00a0 | 8,621\u00a0 | 1,444\u00a0 | ||||||||||||||
| Provision for income taxes | $ | 797,415\u00a0 | $ | 772,005\u00a0 | $ | 723,875\u00a0 | |||||||||||
| Effective Tax Rate | 13\u00a0 | % | 15\u00a0 | % | 12\u00a0 | % |
| \u00a0 | As of\u00a0December\u00a031, | ||||||||||
| \u00a0 | 2023 | 2022 | |||||||||
| \u00a0 | (in thousands) | ||||||||||
| Deferred tax assets: | |||||||||||
| Stock-based compensation | $ | 486,876\u00a0 | $ | 443,456\u00a0 | |||||||
| Tax credits and net operating loss carryforwards | 544,431\u00a0 | 409,411\u00a0 | |||||||||
| Capitalized research expenses | 593,439\u00a0 | 323,998\u00a0 | |||||||||
| Accruals and reserves | 137,251\u00a0 | 119,732\u00a0 | |||||||||
| Operating lease liabilities | 516,574\u00a0 | 551,418\u00a0 | |||||||||
| Unrealized losses | 62,213\u00a0 | \u2014\u00a0 | |||||||||
| Other | 11,615\u00a0 | 2,234\u00a0 | |||||||||
| Total deferred tax assets | 2,352,399\u00a0 | 1,850,249\u00a0 | |||||||||
| Valuation allowance | (442,293) | (343,342) | |||||||||
| Net deferred tax assets | 1,910,106\u00a0 | 1,506,907\u00a0 | |||||||||
| Deferred tax liabilities: | |||||||||||
| Depreciation & amortization | (357,477) | (456,717) | |||||||||
| Operating right-of-use lease assets | (435,216) | (473,928) | |||||||||
| Unrealized gains | \u2014\u00a0 | (47,283) | |||||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Acquired intangibles | (233,433) | (267,438) | |||||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Other | (9,430) | \u2014\u00a0 | |||||||||
| Total deferred tax liabilities | (1,035,556) | (1,245,366) | |||||||||
| Net deferred tax assets | $ | 874,550\u00a0 | $ | 261,541\u00a0 |
| \u00a0 | As of\u00a0December\u00a031, | ||||||||||
| \u00a0 | 2023 | 2022 | |||||||||
| \u00a0 | (in thousands) | ||||||||||
| Total deferred tax assets: | |||||||||||
| Other non-current assets | $ | 1,000,760\u00a0 | $ | 261,541\u00a0 | |||||||
| Total deferred tax liabilities: | |||||||||||
| Other non-current liabilities | (126,210) | \u2014\u00a0 | |||||||||
| Net deferred tax assets | $ | 874,550\u00a0 | $ | 261,541\u00a0 |
| As of\u00a0December\u00a031, | |||||||||||
| 2023 | 2022 | 2021 | |||||||||
| (in thousands) | |||||||||||
| Balance at the beginning of the year | $ | 226,977\u00a0 | $ | 202,557\u00a0 | $ | 140,124\u00a0 | |||||
| Increases related to tax positions taken during the current period | 65,630\u00a0 | 26,865\u00a0 | 35,317\u00a0 | ||||||||
| Increases related to tax positions taken during prior periods | 76,794\u00a0 | \u2014\u00a0 | 27,116\u00a0 | ||||||||
| Decreases related to tax positions taken during prior periods | (10,117) | (2,445) | \u2014\u00a0 | ||||||||
| Decreases related to settlements with taxing authorities | (32,179) | \u2014\u00a0 | \u2014\u00a0 | ||||||||
| Decreases related to expiration of statute of limitations | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||
| Balance at the end of the year | $ | 327,105\u00a0 | $ | 226,977\u00a0 | $ | 202,557\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| United States | $ | 5,602,762\u00a0 | $ | 4,623,218\u00a0 | $ | 5,349,749\u00a0 | |||||||||||
| Foreign | 602,643\u00a0 | 640,711\u00a0 | 490,354\u00a0 | ||||||||||||||
| Income before income taxes | $ | 6,205,405\u00a0 | $ | 5,263,929\u00a0 | $ | 5,840,103\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Current tax provision: | |||||||||||||||||
| Federal | $ | 854,170\u00a0 | $ | 109,910\u00a0 | $ | 57,526\u00a0 | |||||||||||
| State | 181,684\u00a0 | 119,795\u00a0 | 109,641\u00a0 | ||||||||||||||
| Foreign | 304,539\u00a0 | 676,827\u00a0 | 357,189\u00a0 | ||||||||||||||
| Total current | 1,340,393\u00a0 | 906,532\u00a0 | 524,356\u00a0 | ||||||||||||||
| Deferred tax provision: | |||||||||||||||||
| Federal | (412,760) | (52,434) | 188,937\u00a0 | ||||||||||||||
| State | (55,475) | (30,691) | (2,700) | ||||||||||||||
| Foreign | (74,743) | (51,402) | 13,282\u00a0 | ||||||||||||||
| Total deferred | (542,978) | (134,527) | 199,519\u00a0 | ||||||||||||||
| Provision for income taxes | $ | 797,415\u00a0 | $ | 772,005\u00a0 | $ | 723,875\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Expected tax expense at U.S. Federal statutory tax rate | $ | 1,303,123\u00a0 | $ | 1,105,428\u00a0 | $ | 1,226,422\u00a0 | |||||||||||
| State income taxes, net of Federal income tax effect | 104,717\u00a0 | 92,084\u00a0 | 111,400\u00a0 | ||||||||||||||
| Foreign earnings at other than U.S. rates | (32,292) | 104,665\u00a0 | (86,489) | ||||||||||||||
| Research and development tax credit | (87,036) | (146,615) | (82,909) | ||||||||||||||
| Excess tax benefits on stock-based compensation | (119,043) | (75,211) | (290,899) | ||||||||||||||
| Foreign-derived intangible income deduction | (426,597) | (361,013) | (192,238) | ||||||||||||||
| Nontaxable and nondeductible items | 41,782\u00a0 | 44,046\u00a0 | 37,144\u00a0 | ||||||||||||||
| Other | 12,761\u00a0 | 8,621\u00a0 | 1,444\u00a0 | ||||||||||||||
| Provision for income taxes | $ | 797,415\u00a0 | $ | 772,005\u00a0 | $ | 723,875\u00a0 | |||||||||||
| Effective Tax Rate | 13\u00a0 | % | 15\u00a0 | % | 12\u00a0 | % |
| \u00a0 | As of\u00a0December\u00a031, | ||||||||||
| \u00a0 | 2023 | 2022 | |||||||||
| \u00a0 | (in thousands) | ||||||||||
| Deferred tax assets: | |||||||||||
| Stock-based compensation | $ | 486,876\u00a0 | $ | 443,456\u00a0 | |||||||
| Tax credits and net operating loss carryforwards | 544,431\u00a0 | 409,411\u00a0 | |||||||||
| Capitalized research expenses | 593,439\u00a0 | 323,998\u00a0 | |||||||||
| Accruals and reserves | 137,251\u00a0 | 119,732\u00a0 | |||||||||
| Operating lease liabilities | 516,574\u00a0 | 551,418\u00a0 | |||||||||
| Unrealized losses | 62,213\u00a0 | \u2014\u00a0 | |||||||||
| Other | 11,615\u00a0 | 2,234\u00a0 | |||||||||
| Total deferred tax assets | 2,352,399\u00a0 | 1,850,249\u00a0 | |||||||||
| Valuation allowance | (442,293) | (343,342) | |||||||||
| Net deferred tax assets | 1,910,106\u00a0 | 1,506,907\u00a0 | |||||||||
| Deferred tax liabilities: | |||||||||||
| Depreciation & amortization | (357,477) | (456,717) | |||||||||
| Operating right-of-use lease assets | (435,216) | (473,928) | |||||||||
| Unrealized gains | \u2014\u00a0 | (47,283) | |||||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Acquired intangibles | (233,433) | (267,438) | |||||||||
| \u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Other | (9,430) | \u2014\u00a0 | |||||||||
| Total deferred tax liabilities | (1,035,556) | (1,245,366) | |||||||||
| Net deferred tax assets | $ | 874,550\u00a0 | $ | 261,541\u00a0 |
| \u00a0 | As of\u00a0December\u00a031, | ||||||||||
| \u00a0 | 2023 | 2022 | |||||||||
| \u00a0 | (in thousands) | ||||||||||
| Total deferred tax assets: | |||||||||||
| Other non-current assets | $ | 1,000,760\u00a0 | $ | 261,541\u00a0 | |||||||
| Total deferred tax liabilities: | |||||||||||
| Other non-current liabilities | (126,210) | \u2014\u00a0 | |||||||||
| Net deferred tax assets | $ | 874,550\u00a0 | $ | 261,541\u00a0 |
| As of\u00a0December\u00a031, | |||||||||||
| 2023 | 2022 | 2021 | |||||||||
| (in thousands) | |||||||||||
| Balance at the beginning of the year | $ | 226,977\u00a0 | $ | 202,557\u00a0 | $ | 140,124\u00a0 | |||||
| Increases related to tax positions taken during the current period | 65,630\u00a0 | 26,865\u00a0 | 35,317\u00a0 | ||||||||
| Increases related to tax positions taken during prior periods | 76,794\u00a0 | \u2014\u00a0 | 27,116\u00a0 | ||||||||
| Decreases related to tax positions taken during prior periods | (10,117) | (2,445) | \u2014\u00a0 | ||||||||
| Decreases related to settlements with taxing authorities | (32,179) | \u2014\u00a0 | \u2014\u00a0 | ||||||||
| Decreases related to expiration of statute of limitations | \u2014\u00a0 | \u2014\u00a0 | \u2014\u00a0 | ||||||||
| Balance at the end of the year | $ | 327,105\u00a0 | $ | 226,977\u00a0 | $ | 202,557\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Pension benefits | $ | 57,285\u00a0 | $ | 127,885\u00a0 | $ | 111,133\u00a0 | |||||||||||
| Health benefits | 85,157\u00a0 | 96,285\u00a0 | 83,153\u00a0 | ||||||||||||||
| $ | 142,442\u00a0 | $ | 224,170\u00a0 | $ | 194,286\u00a0 |
| \u00a0 | Year Ended December\u00a031, | ||||||||||||||||
| \u00a0 | 2023 | 2022 | 2021 | ||||||||||||||
| \u00a0 | (in thousands) | ||||||||||||||||
| Pension benefits | $ | 57,285\u00a0 | $ | 127,885\u00a0 | $ | 111,133\u00a0 | |||||||||||
| Health benefits | 85,157\u00a0 | 96,285\u00a0 | 83,153\u00a0 | ||||||||||||||
| $ | 142,442\u00a0 | $ | 224,170\u00a0 | $ | 194,286\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| (in thousands) | |||||||||||
| United States | $ | 2,724,710\u00a0 | $ | 2,745,071\u00a0 | |||||||
| International | 843,633\u00a0 | 880,308\u00a0 |
| As of December 31, | |||||||||||
| 2023 | 2022 | ||||||||||
| (in thousands) | |||||||||||
| United States | $ | 2,724,710\u00a0 | $ | 2,745,071\u00a0 | |||||||
| International | 843,633\u00a0 | 880,308\u00a0 |