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: 2020 | |||
Consolidated Statements of Operations | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Revenues | $ 24,996,056 | 20,156,447 | 15,794,341 |
| Cost of revenues | 15,276,319 | 12,440,213 | 9,967,538 |
| Marketing | 2,228,362 | 2,652,462 | 2,369,469 |
| Technology and development | 1,829,600 | 1,545,149 | 1,221,814 |
| General and administrative | 1,076,486 | 914,369 | 630,294 |
| Operating income | 4,585,289 | 2,604,254 | 1,605,226 |
| Other income (expense): | |||
| Interest expense | (767,499) | (626,023) | (420,493) |
| Interest and other income (expense) | (618,441) | 84,000 | 41,725 |
| Income before income taxes | 3,199,349 | 2,062,231 | 1,226,458 |
| Provision for income taxes | (437,954) | (195,315) | (15,216) |
| Net income | 2,761,395 | 1,866,916 | 1,211,242 |
| Earnings per share: | |||
| Basic (in USD per share) | 6.26 | 4.26 | 2.78 |
| Diluted (in USD per share) | 6.08 | 4.13 | 2.68 |
| Weighted-average common shares outstanding: | |||
| Basic (in shares) | 440,922 | 437,799 | 435,374 |
| Diluted (in shares) | 454,208 | 451,765 | 451,244 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2020 | |||
Consolidated Statements of Comprehensive Income | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Net income | $ 2,761,395 | 1,866,916 | 1,211,242 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | 67,919 | (3,939) | 975 |
| Comprehensive income | 2,829,314 | 1,862,977 | 1,212,217 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,761,395 | 1,866,916 | 1,211,242 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Additions to content assets | (11,779,284) | (13,916,683) | (13,043,437) |
| Change in content liabilities | (757,433) | (694,011) | 999,880 |
| Amortization of content assets | 10,806,912 | 9,216,247 | 7,532,088 |
| Depreciation and amortization of property, equipment and intangibles | 115,710 | 103,579 | 83,157 |
| Stock-based compensation expense | 415,180 | 405,376 | 320,657 |
| Foreign currency remeasurement loss (gain) on debt | 533,278 | (45,576) | (73,953) |
| Other non-cash items | 293,126 | 228,230 | 81,640 |
| Deferred income taxes | 70,066 | (94,443) | (85,520) |
| Changes in operating assets and liabilities: | |||
| Other current assets | (187,623) | (252,113) | (200,192) |
| Accounts payable | (41,605) | 96,063 | 199,198 |
| Accrued expenses and other liabilities | 198,183 | 157,778 | 150,422 |
| Deferred revenue | 193,247 | 163,846 | 142,277 |
| Other non-current assets and liabilities | (194,075) | (122,531) | 2,062 |
| Net cash provided by (used in) operating activities | 2,427,077 | (2,887,322) | (2,680,479) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (497,923) | (253,035) | (173,946) |
| Change in other assets | (7,431) | (134,029) | (165,174) |
| Net cash used in investing activities | (505,354) | (387,064) | (339,120) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 1,009,464 | 4,469,306 | 3,961,852 |
| Debt issuance costs | (7,559) | (36,134) | (35,871) |
| Proceeds from issuance of common stock | 235,406 | 72,490 | 124,502 |
| Other financing activities | 0 | 0 | (1,956) |
| Net cash provided by financing activities | 1,237,311 | 4,505,662 | 4,048,527 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 36,050 | 469 | (39,682) |
| Net increase in cash, cash equivalents and restricted cash | 3,195,084 | 1,231,745 | 989,246 |
| Cash and cash equivalents, beginning of year | 5,043,786 | 3,812,041 | |
| Cash, cash equivalents and restricted cash, end of year | 8,238,870 | 5,043,786 | 3,812,041 |
| Supplemental disclosure: | |||
| Income taxes paid | 291,582 | 400,658 | 131,069 |
| Interest paid | 762,904 | 599,132 | 375,831 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NETFLIX INC | ||
Ticker: NFLX Fiscal Year: 2020 | ||
Consolidated Balance Sheets | ||
Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2020 | Dec 31, 2019 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 8,205,550 | 5,018,437 |
| Other current assets | 1,556,030 | 1,160,067 |
| Total current assets | 9,761,580 | 6,178,504 |
| Content assets, net | 25,383,950 | 24,504,567 |
| Property and equipment, net | 960,183 | 565,221 |
| Other non-current assets | 3,174,646 | 2,727,420 |
| Total assets | 39,280,359 | 33,975,712 |
| Liabilities and Stockholders Equity | ||
| Current liabilities: | ||
| Current content liabilities | 4,429,536 | 4,413,561 |
| Accounts payable | 656,183 | 674,347 |
| Accrued expenses and other liabilities | 1,102,196 | 843,043 |
| Deferred revenue | 1,117,992 | 924,745 |
| Short-term debt | 499,878 | 0 |
| Total current liabilities | 7,805,785 | 6,855,696 |
| Non-current content liabilities | 2,618,084 | 3,334,323 |
| Long-term debt | 15,809,095 | 14,759,260 |
| Other non-current liabilities | 1,982,155 | 1,444,276 |
| Total liabilities | 28,215,119 | 26,393,555 |
| Commitments and contingencies | ||
| Stockholders equity: | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2020 and 2019; no shares issued and outstanding at December 31, 2020 and 2019 | 0 | 0 |
| Common stock, 0.001 par value; 4,990,000,000 shares authorized at December 31, 2020 and December 31, 2019, respectively; 442,895,261 and 438,806,649 issued and outstanding at December 31, 2020 and December 31, 2019, respectively | 3,447,698 | 2,793,929 |
| Accumulated other comprehensive income (loss) | 44,398 | (23,521) |
| Retained earnings | 7,573,144 | 4,811,749 |
| Total stockholders equity | 11,065,240 | 7,582,157 |
| Total liabilities and stockholders equity | 39,280,359 | 33,975,712 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2020 | |
| 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 |