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: 2009 | |||
Statement Of Cash Flows Indirect | |||
Period Ending Dec 31, 2009 10-K (Filed: Feb 22, 2010) | |||
(In Thousands, except shares in actual) | |||
12 Months Ended | 12 Months Ended | 12 Months Ended | |
Dec 31, 2009 | Dec 31, 2008 | Dec 31, 2007 | |
Cash flows from operating activities: | |||
Net income | $ 115,860 | 83,026 | 66,608 |
Adjustments to reconcile net income to net cash provided by operating activities: | |||
Depreciation of property, equipment and intangibles | 38,044 | 32,454 | 22,219 |
Amortization of content library | 219,490 | 209,757 | 203,415 |
Amortization of discounts and premiums on investments | 607 | 625 | 24 |
Amortization of debt issuance costs | 1,124 | 0 | 0 |
Stock-based compensation expense | 12,618 | 12,264 | 11,976 |
Excess tax benefits from stock-based compensation | (12,683) | (5,220) | (26,248) |
Loss (gain) on disposal of property and equipment | 254 | 101 | 142 |
Gain on sale of short-term investments | (1,509) | (3,130) | (687) |
Gain on disposal of DVDs | (7,637) | (13,350) | (14,637) |
Gain on sale of investment in business | (1,783) | 0 | 0 |
Deferred taxes | 6,328 | (5,905) | (893) |
Changes in operating assets and liabilities: | |||
Prepaid expenses and other current assets | (11,001) | (4,181) | (3,893) |
Content library | (64,217) | (48,290) | (34,821) |
Accounts payable | (2,256) | 7,111 | 16,555 |
Accrued expenses | 13,169 | (1,824) | 32,809 |
Deferred revenue | 16,970 | 11,462 | 1,987 |
Other assets and liabilities | 1,685 | 9,137 | 2,868 |
Net cash provided by operating activities | 325,063 | 284,037 | 277,424 |
Cash flows from investing activities: | |||
Purchases of short-term investments | (228,000) | (256,959) | (405,340) |
Proceeds from sale of short-term investments | 166,706 | 304,163 | 200,832 |
Proceeds from maturities of short-term investments | 35,673 | 3,170 | 0 |
Purchases of property and equipment | (45,932) | (43,790) | (44,256) |
Acquisition of intangible asset | (200) | (1,062) | (550) |
Acquisitions of content library | (193,044) | (162,849) | (208,647) |
Proceeds from sale of DVDs | 11,164 | 18,368 | 21,640 |
Investment in business | 0 | (6,000) | 0 |
Proceeds from sale of investment in business | 7,483 | 0 | 0 |
Other assets | 71 | (1) | 297 |
Net cash used in investing activities | (246,079) | (144,960) | (436,024) |
Cash flows from financing activities: | |||
Principal payments of lease financing obligations | (1,158) | (823) | (390) |
Proceeds from issuance of common stock | 35,274 | 18,872 | 9,609 |
Excess tax benefits from stock-based compensation | 12,683 | 5,220 | 26,248 |
Borrowings on line of credit, net of issuance costs | 18,978 | 0 | 0 |
Payments on line of credit | (20,000) | 0 | 0 |
Proceeds from issuance of debt, net of issuance costs | 193,917 | 0 | 0 |
Repurchases of common stock | (324,335) | (199,904) | (99,858) |
Net cash used by financing activities | (84,641) | (176,635) | (64,391) |
Net decrease in cash and cash equivalents | (5,657) | (37,558) | (222,991) |
Cash and cash equivalents, beginning of year | 139,881 | 177,439 | |
Cash and cash equivalents, end of year | 134,224 | 139,881 | 177,439 |
Supplemental disclosure: | |||
Income taxes paid | 58,770 | 40,494 | 15,775 |
Interest paid | 3,878 | 2,458 | 1,188 |
External Links | |
NETFLIX INC (NFLX) Fiscal Year 2009 | |
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 |