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: 2021 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 27, 2022) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Revenues | $ 29,697,844 | 24,996,056 | 20,156,447 |
| Cost of revenues | 17,332,683 | 15,276,319 | 12,440,213 |
| Marketing | 2,545,146 | 2,228,362 | 2,652,462 |
| Technology and development | 2,273,885 | 1,829,600 | 1,545,149 |
| General and administrative | 1,351,621 | 1,076,486 | 914,369 |
| Operating income | 6,194,509 | 4,585,289 | 2,604,254 |
| Other income (expense): | |||
| Interest expense | (765,620) | (767,499) | (626,023) |
| Interest and other income (expense) | 411,214 | (618,441) | 84,000 |
| Income before income taxes | 5,840,103 | 3,199,349 | 2,062,231 |
| Provision for income taxes | (723,875) | (437,954) | (195,315) |
| Net income | 5,116,228 | 2,761,395 | 1,866,916 |
| Earnings per share: | |||
| Basic (in USD per share) | 11.55 | 6.26 | 4.26 |
| Diluted (in USD per share) | 11.24 | 6.08 | 4.13 |
| Weighted-average common shares outstanding: | |||
| Basic (in shares) | 443,155 | 440,922 | 437,799 |
| Diluted (in shares) | 455,372 | 454,208 | 451,765 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 27, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Net income | $ 5,116,228 | 2,761,395 | 1,866,916 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (84,893) | 67,919 | (3,939) |
| Comprehensive income | 5,031,335 | 2,829,314 | 1,862,977 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2021 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 27, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows from operating activities: | |||
| Net income | $ 5,116,228 | 2,761,395 | 1,866,916 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Additions to content assets | (17,702,202) | (11,779,284) | (13,916,683) |
| Change in content liabilities | 232,898 | (757,433) | (694,011) |
| Amortization of content assets | 12,230,367 | 10,806,912 | 9,216,247 |
| Depreciation and amortization of property, equipment and intangibles | 208,412 | 115,710 | 103,579 |
| Stock-based compensation expense | 403,220 | 415,180 | 405,376 |
| Foreign currency remeasurement loss (gain) on debt | (430,661) | 533,278 | (45,576) |
| Other non-cash items | 376,777 | 293,126 | 228,230 |
| Deferred income taxes | 199,548 | 70,066 | (94,443) |
| Changes in operating assets and liabilities: | |||
| Other current assets | (369,681) | (187,623) | (252,113) |
| Accounts payable | 145,115 | (41,605) | 96,063 |
| Accrued expenses and other liabilities | 180,338 | 198,183 | 157,778 |
| Deferred revenue | 91,350 | 193,247 | 163,846 |
| Other non-current assets and liabilities | (289,099) | (194,075) | (122,531) |
| Net cash provided by (used in) operating activities | 392,610 | 2,427,077 | (2,887,322) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (524,585) | (497,923) | (253,035) |
| Change in other assets | (26,919) | (7,431) | (134,029) |
| Acquisitions | (788,349) | 0 | 0 |
| Net cash used in investing activities | (1,339,853) | (505,354) | (387,064) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 0 | 1,009,464 | 4,469,306 |
| Debt issuance costs | 0 | (7,559) | (36,134) |
| Repayments of debt | (500,000) | 0 | 0 |
| Proceeds from issuance of common stock | 174,414 | 235,406 | 72,490 |
| Repurchases of common stock | (600,022) | 0 | 0 |
| Taxes paid related to net share settlement of equity awards | (224,168) | 0 | 0 |
| Net cash provided by (used in) financing activities | (1,149,776) | 1,237,311 | 4,505,662 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (86,740) | 36,050 | 469 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (2,183,759) | 3,195,084 | 1,231,745 |
| Cash, cash equivalents and restricted cash, beginning of year | 8,238,870 | 5,043,786 | |
| Cash, cash equivalents and restricted cash, end of year | 6,055,111 | 8,238,870 | 5,043,786 |
| Supplemental disclosure: | |||
| Income taxes paid | 509,265 | 291,582 | 400,658 |
| Interest paid | 763,432 | 762,904 | 599,132 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NETFLIX INC | ||
Ticker: NFLX Fiscal Year: 2021 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2021 10-K (Filed: Jan 27, 2022) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2021 | Dec 31, 2020 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 6,027,804 | 8,205,550 |
| Other current assets | 2,042,021 | 1,556,030 |
| Total current assets | 8,069,825 | 9,761,580 |
| Content assets, net | 30,919,539 | 25,383,950 |
| Property and equipment, net | 1,323,453 | 960,183 |
| Other non-current assets | 4,271,846 | 3,174,646 |
| Total assets | 44,584,663 | 39,280,359 |
| Liabilities and Stockholders Equity | ||
| Current liabilities: | ||
| Current content liabilities | 4,292,967 | 4,429,536 |
| Accounts payable | 837,483 | 656,183 |
| Accrued expenses and other liabilities | 1,449,351 | 1,102,196 |
| Deferred revenue | 1,209,342 | 1,117,992 |
| Short-term debt | 699,823 | 499,878 |
| Total current liabilities | 8,488,966 | 7,805,785 |
| Non-current content liabilities | 3,094,213 | 2,618,084 |
| Long-term debt | 14,693,072 | 15,809,095 |
| Other non-current liabilities | 2,459,164 | 1,982,155 |
| Total liabilities | 28,735,415 | 28,215,119 |
| Commitments and contingencies | ||
| Stockholders equity: | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2021 and December 31, 2020; no shares issued and outstanding at December 31, 2021 and December 31, 2020 | 0 | 0 |
| Common stock, 0.001 par value; 4,990,000,000 shares authorized at December 31, 2021 and December 31, 2020; 443,963,107 and 442,895,261 issued and outstanding at December 31, 2021 and December 31, 2020, respectively | 4,024,561 | 3,447,698 |
| Treasury stock at cost (1,564,478 shares at December 31, 2021) | (824,190) | 0 |
| Accumulated other comprehensive income (loss) | (40,495) | 44,398 |
| Retained earnings | 12,689,372 | 7,573,144 |
| Total stockholders equity | 15,849,248 | 11,065,240 |
| Total liabilities and stockholders equity | 44,584,663 | 39,280,359 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2021 | |
| 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 |