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: 2019 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 29, 2020) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Revenues | $ 20,156,447 | 15,794,341 | 11,692,713 |
| Cost of revenues | 12,440,213 | 9,967,538 | 8,033,000 |
| Marketing | 2,652,462 | 2,369,469 | 1,436,281 |
| Technology and development | 1,545,149 | 1,221,814 | 953,710 |
| General and administrative | 914,369 | 630,294 | 431,043 |
| Operating income | 2,604,254 | 1,605,226 | 838,679 |
| Other income (expense): | |||
| Interest expense | (626,023) | (420,493) | (238,204) |
| Interest and other income (expense) | 84,000 | 41,725 | (115,154) |
| Income before income taxes | 2,062,231 | 1,226,458 | 485,321 |
| Provision for (benefit from) income taxes | 195,315 | 15,216 | (73,608) |
| Net income | 1,866,916 | 1,211,242 | 558,929 |
| Earnings per share: | |||
| Basic (in USD per share) | 4.26 | 2.78 | 1.29 |
| Diluted (in USD per share) | 4.13 | 2.68 | 1.25 |
| Weighted-average common shares outstanding: | |||
| Basic (in shares) | 437,799 | 435,374 | 431,885 |
| Diluted (in shares) | 451,765 | 451,244 | 446,814 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2019 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 29, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Net income | $ 1,866,916 | 1,211,242 | 558,929 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (3,939) | 975 | 27,409 |
| Change in unrealized gains (losses) on available-for-sale securities, net of tax of $0, $0, and $378, respectively | 0 | 0 | 599 |
| Total other comprehensive income (loss) | (3,939) | 975 | 28,008 |
| Comprehensive income | 1,862,977 | 1,212,217 | 586,937 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 29, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,866,916 | 1,211,242 | 558,929 |
| Adjustments to reconcile net income to net cash used in operating activities: | |||
| Additions to streaming content assets | (13,916,683) | (13,043,437) | (9,805,763) |
| Change in streaming content liabilities | (694,011) | 999,880 | 900,006 |
| Amortization of streaming content assets | 9,216,247 | 7,532,088 | 6,197,817 |
| Depreciation and amortization of property, equipment and intangibles | 103,579 | 83,157 | 71,911 |
| Stock-based compensation expense | 405,376 | 320,657 | 182,209 |
| Other non-cash items | 228,230 | 81,640 | 117,864 |
| Foreign currency remeasurement loss (gain) on long-term debt | (45,576) | (73,953) | 140,790 |
| Deferred taxes | (94,443) | (85,520) | (208,688) |
| Changes in operating assets and liabilities: | |||
| Other current assets | (252,113) | (200,192) | (234,090) |
| Accounts payable | 96,063 | 199,198 | 74,559 |
| Accrued expenses and other liabilities | 157,778 | 150,422 | 114,337 |
| Deferred revenue | 163,846 | 142,277 | 177,974 |
| Other non-current assets and liabilities | (122,531) | 2,062 | (73,803) |
| Net cash used in operating activities | (2,887,322) | (2,680,479) | (1,785,948) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (253,035) | (173,946) | (173,302) |
| Change in other assets | (134,029) | (165,174) | (60,409) |
| Purchases of short-term investments | 0 | 0 | (74,819) |
| Proceeds from sale of short-term investments | 0 | 0 | 320,154 |
| Proceeds from maturities of short-term investments | 0 | 0 | 22,705 |
| Net cash provided by (used in) investing activities | (387,064) | (339,120) | 34,329 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 4,469,306 | 3,961,852 | 3,020,510 |
| Debt issuance costs | (36,134) | (35,871) | (32,153) |
| Proceeds from issuance of common stock | 72,490 | 124,502 | 88,378 |
| Other financing activities | 0 | (1,956) | 255 |
| Net cash provided by financing activities | 4,505,662 | 4,048,527 | 3,076,990 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 469 | (39,682) | 29,848 |
| Net increase in cash, cash equivalents and restricted cash | 1,231,745 | 989,246 | 1,355,219 |
| Cash and cash equivalents, beginning of year | 3,812,041 | 2,822,795 | |
| Cash, cash equivalents and restricted cash, end of year | 5,043,786 | 3,812,041 | 2,822,795 |
| Supplemental disclosure: | |||
| Income taxes paid | 400,658 | 131,069 | 113,591 |
| Interest paid | 599,132 | 375,831 | 213,313 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NETFLIX INC | ||
Ticker: NFLX Fiscal Year: 2019 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2019 10-K (Filed: Jan 29, 2020) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2019 | Dec 31, 2018 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 5,018,437 | 3,794,483 |
| Current content assets, net | 0 | 5,151,186 |
| Other current assets | 1,160,067 | 748,466 |
| Total current assets | 6,178,504 | 9,694,135 |
| Non-current content assets, net | 24,504,567 | 14,951,141 |
| Property and equipment, net | 565,221 | 418,281 |
| Other non-current assets | 2,727,420 | 910,843 |
| Total assets | 33,975,712 | 25,974,400 |
| Liabilities and Stockholders Equity | ||
| Current liabilities: | ||
| Current content liabilities | 4,413,561 | 4,681,562 |
| Accounts payable | 674,347 | 562,985 |
| Accrued expenses and other liabilities | 843,043 | 481,874 |
| Deferred revenue | 924,745 | 760,899 |
| Total current liabilities | 6,855,696 | 6,487,320 |
| Non-current content liabilities | 3,334,323 | 3,759,026 |
| Long-term debt | 14,759,260 | 10,360,058 |
| Other non-current liabilities | 1,444,276 | 129,231 |
| Total liabilities | 26,393,555 | 20,735,635 |
| Commitments and contingencies | ||
| Stockholders equity: | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2019 and 2018; no shares issued and outstanding at December 31, 2019 and 2018 | 0 | 0 |
| Common stock, $0.001 par value; 4,990,000,000 shares authorized at December 31, 2019 and December 31, 2018, respectively; 438,806,649 and 436,598,597 issued and outstanding at December 31, 2019 and December 31, 2018, respectively | 2,793,929 | 2,315,988 |
| Accumulated other comprehensive loss | (23,521) | (19,582) |
| Retained earnings | 4,811,749 | 2,942,359 |
| Total stockholders equity | 7,582,157 | 5,238,765 |
| Total liabilities and stockholders equity | 33,975,712 | 25,974,400 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2019 | |
| 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 |