10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
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10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2018 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2018 10-K (Filed: Jan 29, 2019) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2018 | Dec 31, 2017 | Dec 31, 2016 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,211,242 | 558,929 | 186,678 |
| Adjustments to reconcile net income to net cash used in operating activities: | |||
| Additions to streaming content assets | (13,043,437) | (9,805,763) | (8,653,286) |
| Change in streaming content liabilities | 999,880 | 900,006 | 1,772,650 |
| Amortization of streaming content assets | 7,532,088 | 6,197,817 | 4,788,498 |
| Amortization of DVD content assets | 41,212 | 60,657 | 78,952 |
| Depreciation and amortization of property, equipment and intangibles | 83,157 | 71,911 | 57,528 |
| Stock-based compensation expense | 320,657 | 182,209 | 173,675 |
| Excess tax benefits from stock-based compensation | 0 | 0 | (65,121) |
| Other non-cash items | 40,428 | 57,207 | 40,909 |
| Foreign currency remeasurement loss (gain) on long-term debt | (73,953) | 140,790 | 0 |
| Deferred taxes | (85,520) | (208,688) | (46,847) |
| Changes in operating assets and liabilities: | |||
| Other current assets | (200,192) | (234,090) | 46,970 |
| Accounts payable | 199,198 | 74,559 | 32,247 |
| Accrued expenses | 150,422 | 114,337 | 68,706 |
| Deferred revenue | 142,277 | 177,974 | 96,751 |
| Other non-current assets and liabilities | 2,062 | (73,803) | (52,294) |
| Net cash used in operating activities | (2,680,479) | (1,785,948) | (1,473,984) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (173,946) | (173,302) | (107,653) |
| Acquisition of DVD content assets | (38,586) | (53,720) | (77,177) |
| Other assets | (126,588) | (6,689) | (941) |
| Purchases of short-term investments | 0 | (74,819) | (187,193) |
| Proceeds from sale of short-term investments | 0 | 320,154 | 282,484 |
| Proceeds from maturities of short-term investments | 0 | 22,705 | 140,245 |
| Net cash provided by (used in) investing activities | (339,120) | 34,329 | 49,765 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 3,961,852 | 3,020,510 | 1,000,000 |
| Issuance costs | (35,871) | (32,153) | (10,700) |
| Proceeds from issuance of common stock | 124,502 | 88,378 | 36,979 |
| Excess tax benefits from stock-based compensation | 0 | 0 | 65,121 |
| Other financing activities | (1,956) | 255 | 230 |
| Net cash provided by financing activities | 4,048,527 | 3,076,990 | 1,091,630 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (39,682) | 29,848 | (9,165) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 989,246 | 1,355,219 | (341,754) |
| Cash and cash equivalents, beginning of year | 2,822,795 | 1,467,576 | |
| Cash, cash equivalents and restricted cash, end of year | 3,812,041 | 2,822,795 | 1,467,576 |
| Supplemental disclosure: | |||
| Income taxes paid | 131,069 | 113,591 | 26,806 |
| Interest paid | 375,831 | 213,313 | 138,566 |
| Increase (decrease) in investing activities included in liabilities | 2,560 | (32,643) | 27,504 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2018 | |
| Statements of 10-K in Excel | https://www.sec.gov/.../Financial.xlxs |
| Complete 10-K in HTML | https://www.sec.gov/.../10-K.html |
| Complete 10-K in XBRL | https://www.sec.gov/.../10-K-xbrl.zip |