In the following video, Motley Fool consumer goods analyst Blake Bos does a breakdown for investors of how Netflix (NASDAQ:NFLX) accounts for its content library as intangible assets on its balance sheet. He notes that Netflix's model of offering unlimited access to content for a certain length of time can be quite expensive, and that the company currently showed $1.37 billion in liabilities for current content, and $1.1 billion for non-current liabilities. Blake tells investors how to get an accurate picture of Netflix's costs as it acquires new content, and these numbers continue to grow. He also shows what level of liability growth would be unsustainable at its current subscriber growth rate.

Blake Bos has no position in any stocks mentioned. The Motley Fool recommends Netflix. The Motley Fool owns shares of Netflix. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.