10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Period Ending Dec 31, 2022 10-K (Filed: Jan 26, 2023) | |||
| (In Thousands) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
| Revenues | $ 31,615,550 | 29,697,844 | 24,996,056 |
| Cost of revenues | 19,168,285 | 17,332,683 | 15,276,319 |
| Marketing | 2,530,502 | 2,545,146 | 2,228,362 |
| Technology and development | 2,711,041 | 2,273,885 | 1,829,600 |
| General and administrative | 1,572,891 | 1,351,621 | 1,076,486 |
| Operating income | 5,632,831 | 6,194,509 | 4,585,289 |
| Other income (expense): | |||
| Interest expense | (706,212) | (765,620) | (767,499) |
| Interest and other income (expense) | 337,310 | 411,214 | (618,441) |
| Income before income taxes | 5,263,929 | 5,840,103 | 3,199,349 |
| Provision for income taxes | (772,005) | (723,875) | (437,954) |
| Net income | 4,491,924 | 5,116,228 | 2,761,395 |
| Earnings per share: | |||
| Basic (in USD per share) | 10.10 | 11.55 | 6.26 |
| Diluted (in USD per share) | 9.95 | 11.24 | 6.08 |
| Weighted-average common shares outstanding: | |||
| Basic (in shares) | 444,698 | 443,155 | 440,922 |
| Diluted (in shares) | 451,290 | 455,372 | 454,208 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2022 | |||
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME | |||
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 | |
| Net income | $ 4,491,924 | 5,116,228 | 2,761,395 |
| Other comprehensive income (loss): | |||
| Foreign currency translation adjustments | (176,811) | (84,893) | 67,919 |
| Comprehensive income | 4,315,113 | 5,031,335 | 2,829,314 |
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 |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||
NETFLIX INC | ||
Ticker: NFLX Fiscal Year: 2022 | ||
CONSOLIDATED BALANCE SHEETS | ||
Period Ending Dec 31, 2022 10-K (Filed: Jan 26, 2023) | ||
| (In Thousands, except shares in actual) | ||
| As of | As of | |
| Dec 31, 2022 | Dec 31, 2021 | |
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $ 5,147,176 | 6,027,804 |
| Short-term investments | 911,276 | 0 |
| Other current assets | 3,208,021 | 2,042,021 |
| Total current assets | 9,266,473 | 8,069,825 |
| Content assets, net | 32,736,713 | 30,919,539 |
| Property and equipment, net | 1,398,257 | 1,323,453 |
| Other non-current assets | 5,193,325 | 4,271,846 |
| Total assets | 48,594,768 | 44,584,663 |
| Liabilities and Stockholders Equity | ||
| Current liabilities: | ||
| Current content liabilities | 4,480,150 | 4,292,967 |
| Accounts payable | 671,513 | 837,483 |
| Accrued expenses and other liabilities | 1,514,650 | 1,449,351 |
| Deferred revenue | 1,264,661 | 1,209,342 |
| Short-term debt | 0 | 699,823 |
| Total current liabilities | 7,930,974 | 8,488,966 |
| Non-current content liabilities | 3,081,277 | 3,094,213 |
| Long-term debt | 14,353,076 | 14,693,072 |
| Other non-current liabilities | 2,452,040 | 2,459,164 |
| Total liabilities | 27,817,367 | 28,735,415 |
| Commitments and contingencies (Note 7) | ||
| Stockholders equity: | ||
| Preferred stock, $0.001 par value; 10,000,000 shares authorized at December 31, 2022 and December 31, 2021; no shares issued and outstanding at December 31, 2022 and December 31, 2021 | 0 | 0 |
| Common stock, $0.001 par value; 4,990,000,000 shares authorized at December 31, 2022 and December 31, 2021; 445,346,776 and 443,963,107 issued and outstanding at December 31, 2022 and December 31, 2021, respectively | 4,637,601 | 4,024,561 |
| Treasury stock at cost (1,564,478 shares at December 31, 2022 and December 31, 2021) | (824,190) | (824,190) |
| Accumulated other comprehensive loss | (217,306) | (40,495) |
| Retained earnings | 17,181,296 | 12,689,372 |
| Total stockholders equity | 20,777,401 | 15,849,248 |
| Total liabilities and stockholders equity | 48,594,768 | 44,584,663 |
| 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 |