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: 2022 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2022 10-K (Filed: Jan 26, 2023) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Cash flows from operating activities: | |||
| Net income | $ 4,491,924 | 5,116,228 | 2,761,395 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Additions to content assets | (16,839,038) | (17,702,202) | (11,779,284) |
| Change in content liabilities | 179,310 | 232,898 | (757,433) |
| Amortization of content assets | 14,026,132 | 12,230,367 | 10,806,912 |
| Depreciation and amortization of property, equipment and intangibles | 336,682 | 208,412 | 115,710 |
| Stock-based compensation expense | 575,452 | 403,220 | 415,180 |
| Foreign currency remeasurement loss (gain) on debt | (353,111) | (430,661) | 533,278 |
| Other non-cash items | 533,543 | 376,777 | 293,126 |
| Deferred income taxes | (166,550) | 199,548 | 70,066 |
| Changes in operating assets and liabilities: | |||
| Other current assets | (353,834) | (369,681) | (187,623) |
| Accounts payable | (158,543) | 145,115 | (41,605) |
| Accrued expenses and other liabilities | (55,513) | 180,338 | 198,183 |
| Deferred revenue | 27,356 | 91,350 | 193,247 |
| Other non-current assets and liabilities | (217,553) | (289,099) | (194,075) |
| Net cash provided by operating activities | 2,026,257 | 392,610 | 2,427,077 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (407,729) | (524,585) | (497,923) |
| Change in other assets | 0 | (26,919) | (7,431) |
| Acquisitions | (757,387) | (788,349) | 0 |
| Purchases of short-term investments | (911,276) | 0 | 0 |
| Net cash used in investing activities | (2,076,392) | (1,339,853) | (505,354) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 0 | 0 | 1,009,464 |
| Debt issuance costs | 0 | 0 | (7,559) |
| Repayments of debt | (700,000) | (500,000) | 0 |
| Proceeds from issuance of common stock | 35,746 | 174,414 | 235,406 |
| Repurchases of common stock | 0 | (600,022) | 0 |
| Taxes paid related to net share settlement of equity awards | 0 | (224,168) | 0 |
| Net cash provided by (used in) financing activities | (664,254) | (1,149,776) | 1,237,311 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (170,140) | (86,740) | 36,050 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (884,529) | (2,183,759) | 3,195,084 |
| Cash, cash equivalents and restricted cash, beginning of year | 6,055,111 | 8,238,870 | |
| Cash, cash equivalents and restricted cash, end of year | 5,170,582 | 6,055,111 | 8,238,870 |
| Supplemental disclosure: | |||
| Income taxes paid | 811,720 | 509,265 | 291,582 |
| Interest paid | 701,693 | 763,432 | 762,904 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2022 | |
| 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 |