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NETFLIX INC (NFLX)

Cash Flow Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K/A
Cash flows from operating activities:          
    Net income  4,491.95,116.22,761.41,866.91,211.2558.9186.7122.6
    Adjustments to reconcile net income to net cash from operating activities:          
        Additions to content assets  -16,839.0-17,702.2-11,779.3-13,916.7-13,043.4   
        Change in content liabilities  179.3232.9-757.4-694.0999.9   
        Amortization of content assets  14,026.112,230.410,806.99,216.27,532.1   
        Depreciation and amortization of property, equipment and intangibles  336.7208.4115.7103.683.271.957.562.3
        Stock-based compensation expense  575.5403.2415.2405.4320.7182.2173.7124.7
        Foreign currency remeasurement loss (gain) on debt  -353.1-430.7533.3-45.6-74.0140.8  
        Other non-cash items  533.5376.8293.1228.281.6117.940.931.6
        Deferred income taxes  -166.6199.570.1-94.4-85.5-208.7-46.8-58.7
        Changes in operating assets and liabilities:          
            Other current assets  -353.8-369.7-187.6-252.1-200.2-234.147.018.7
            Accounts payable  -158.5145.1-41.696.1199.274.632.251.6
            Accrued expenses and other liabilities  -55.5180.3198.2157.8150.4114.368.748.8
            Deferred revenue  27.491.4193.2163.8142.3178.096.8 
            Other non-current assets and liabilities  -217.6-289.1-194.1-122.52.1-73.8-52.3-18.4
                Net cash provided by operating activities  2,026.3392.62,427.1-2,887.3-2,680.5-1,785.9-1,474.0-749.4
   
Cash flows from investing activities:          
    Purchases of property and equipment  -407.7-524.6-497.9-253.0-173.9-173.3-107.7-91.2
    Change in other assets   -26.9-7.4-134.0-165.2-60.4-0.9-1.9
    Acquisitions  -757.4-788.3    -77.2 
    Purchases of short-term investments  -911.3    -74.8-187.2 
        Net cash used in investing activities  -2,076.4-1,339.9-505.4-387.1-339.134.349.8-179.2
   
Cash flows from financing activities:          
    Proceeds from issuance of debt    1,009.54,469.33,961.93,020.51,000.0 
    Debt issuance costs    -7.6-36.1-35.9-32.2-10.7-17.6
    Repayments of debt  -700.0-500.0      
    Proceeds from issuance of common stock  35.7174.4235.472.0125.088.037.078.0
    Repurchases of common stock   -600.0      
    Taxes paid related to net share settlement of equity awards   -224.2  -2.00.30.2-0.5
        Net cash provided by (used in) financing activities  -664.3-1,149.81,237.34,505.74,048.53,077.01,091.61,640.3
Effect of exchange rate changes on cash, cash equivalents and restricted cash  -170.1-86.736.10.5-39.729.8  
    Net increase (decrease) in cash, cash equivalents and restricted cash  -884.5-2,183.83,195.1     
   
Supplemental disclosure:          
    Income taxes paid  811.7509.3291.6400.7131.1113.626.827.7
    Interest paid  701.7763.4762.9599.1375.8213.3138.6111.8

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