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: 2016 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2016 10-K (Filed: Jan 27, 2017) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Revenues | $ 8,830,669 | 6,779,511 | 5,504,656 |
| Cost of revenues | 6,029,901 | 4,591,476 | 3,752,760 |
| Marketing | 991,078 | 824,092 | 607,186 |
| Technology and development | 852,098 | 650,788 | 472,321 |
| General and administrative | 577,799 | 407,329 | 269,741 |
| Operating income | 379,793 | 305,826 | 402,648 |
| Other income (expense): | |||
| Interest expense | (150,114) | (132,716) | (50,219) |
| Interest and other income (expense) | 30,828 | (31,225) | (3,060) |
| Income before income taxes | 260,507 | 141,885 | 349,369 |
| Provision for income taxes | 73,829 | 19,244 | 82,570 |
| Net income | 186,678 | 122,641 | 266,799 |
| Earnings per share: | |||
| Basic (in USD per share) | 0.44 | 0.29 | 0.63 |
| Diluted (in USD per share) | 0.43 | 0.28 | 0.62 |
| Weighted-average common shares outstanding: | |||
| Basic (in shares) | 428,822 | 425,889 | 420,544 |
| Diluted (in shares) | 438,652 | 436,456 | 431,894 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2016 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2016 10-K (Filed: Jan 27, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Net income | $ 186,678 | 122,641 | 266,799 |
| Other comprehensive loss: | |||
| Foreign currency translation adjustments | (5,464) | (37,887) | (7,768) |
| Change in unrealized gains (losses) on available-for-sale securities, net of tax of $126, $(598), and $(156), respectively | 207 | (975) | (253) |
| Total other comprehensive loss | (5,257) | (38,862) | (8,021) |
| Comprehensive income | 181,421 | 83,779 | 258,778 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Jan 27, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities: | |||
| Net income | $ 186,678 | 122,641 | 266,799 |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: | |||
| Additions to streaming content assets | (8,653,286) | (5,771,652) | (3,773,019) |
| Change in streaming content liabilities | 1,772,650 | 1,162,413 | 593,125 |
| Amortization of streaming content assets | 4,788,498 | 3,405,382 | 2,656,279 |
| Amortization of DVD content assets | 78,952 | 79,380 | 71,491 |
| Depreciation and amortization of property, equipment and intangibles | 57,528 | 62,283 | 54,028 |
| Stock-based compensation expense | 173,675 | 124,725 | 115,239 |
| Excess tax benefits from stock-based compensation | (65,121) | (80,471) | (89,341) |
| Other non-cash items | 40,909 | 31,628 | 15,282 |
| Deferred taxes | (46,847) | (58,655) | (30,063) |
| Changes in operating assets and liabilities: | |||
| Other current assets | 46,970 | 18,693 | (9,198) |
| Other current assets | 32,247 | 51,615 | 83,812 |
| Accrued expenses | 68,706 | 48,810 | 55,636 |
| Deferred revenue | 96,751 | 72,135 | 58,819 |
| Other non-current assets and liabilities | (52,294) | (18,366) | (52,406) |
| Net cash (used in) provided by operating activities | (1,473,984) | (749,439) | 16,483 |
| Cash flows from investing activities: | |||
| Acquisition of DVD content assets | (77,177) | (77,958) | (74,790) |
| Purchases of property and equipment | (107,653) | (91,248) | (69,726) |
| Other assets | (941) | (1,912) | 1,334 |
| Purchases of short-term investments | (187,193) | (371,915) | (426,934) |
| Proceeds from sale of short-term investments | 282,484 | 259,079 | 385,300 |
| Proceeds from maturities of short-term investments | 140,245 | 104,762 | 141,950 |
| Net cash provided by (used in) investing activities | 49,765 | (179,192) | (42,866) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 1,000,000 | 1,500,000 | 400,000 |
| Issuance costs | (10,700) | (17,629) | (7,080) |
| Proceeds from issuance of common stock | 36,979 | 77,980 | 60,544 |
| Excess tax benefits from stock-based compensation | 65,121 | 80,471 | 89,341 |
| Other financing activities | 230 | (545) | (1,093) |
| Net cash provided by financing activities | 1,091,630 | 1,640,277 | 541,712 |
| Effect of exchange rate changes on cash and cash equivalents | (9,165) | (15,924) | (6,686) |
| Net (decrease) increase in cash and cash equivalents | (341,754) | 695,722 | 508,643 |
| Cash and cash equivalents, beginning of year | 1,809,330 | 1,113,608 | |
| Cash and cash equivalents, end of year | 1,467,576 | 1,809,330 | 1,113,608 |
| Supplemental disclosure: | |||
| Income taxes paid | 26,806 | 27,658 | 50,573 |
| Interest paid | 138,566 | 111,761 | 41,085 |
| Change in investing activities included in liabilities | 27,504 | (4,978) | 12,295 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NETFLIX INC | ||
Ticker: NFLX Fiscal Year: 2016 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2016 10-K (Filed: Jan 27, 2017) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2016 | Dec 31, 2015 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 1,467,576 | 1,809,330 |
| Short-term investments | 266,206 | 501,385 |
| Current content assets, net | 3,726,307 | 2,905,998 |
| Other current assets | 260,202 | 215,127 |
| Total current assets | 5,720,291 | 5,431,840 |
| Non-current content assets, net | 7,274,501 | 4,312,817 |
| Property and equipment, net | 250,395 | 173,412 |
| Other non-current assets | 341,423 | 284,802 |
| Total assets | 13,586,610 | 10,202,871 |
| Liabilities and Stockholders Equity | ||
| Current liabilities: | ||
| Current content liabilities | 3,632,711 | 2,789,023 |
| Accounts payable | 312,842 | 253,491 |
| Accrued expenses | 197,632 | 140,389 |
| Deferred revenue | 443,472 | 346,721 |
| Total current liabilities | 4,586,657 | 3,529,624 |
| Non-current content liabilities | 2,894,654 | 2,026,360 |
| Long-term debt | 3,364,311 | 2,371,362 |
| Other non-current liabilities | 61,188 | 52,099 |
| Total liabilities | 10,906,810 | 7,979,445 |
| Commitments and contingencies | ||
| Stockholders equity: | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2016 and 2015; no shares issued and outstanding at December 31, 2016 and 2015 | 0 | 0 |
| Common stock, $0.001 par value; 4,990,000,000 shares authorized at December 31, 2016 and December 31, 2015, respectively; 430,054,212 and 427,940,440 issued and outstanding at December 31, 2016 and December 31, 2015, respectively | 1,599,762 | 1,324,809 |
| Accumulated other comprehensive loss | (48,565) | (43,308) |
| Retained earnings | 1,128,603 | 941,925 |
| Total stockholders equity | 2,679,800 | 2,223,426 |
| Total liabilities and stockholders equity | 13,586,610 | 10,202,871 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2016 | |
| 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 |