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: 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 Ended12 Months Ended12 Months Ended
 Dec 31, 2009Dec 31, 2008Dec 31, 2007
Cash flows from operating activities:
Net income
$
115,860
83,02666,608
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation of property, equipment and intangibles38,04432,45422,219
Amortization of content library219,490209,757203,415
Amortization of discounts and premiums on investments60762524
Amortization of debt issuance costs1,12400
Stock-based compensation expense12,61812,26411,976
Excess tax benefits from stock-based compensation(12,683)(5,220)(26,248)
Loss (gain) on disposal of property and equipment254101142
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)00
Deferred taxes6,328(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)7,11116,555
Accrued expenses13,169(1,824)32,809
Deferred revenue16,97011,4621,987
Other assets and liabilities1,6859,1372,868
Net cash provided by operating activities325,063284,037277,424
 
Cash flows from investing activities:
Purchases of short-term investments(228,000)(256,959)(405,340)
Proceeds from sale of short-term investments166,706304,163200,832
Proceeds from maturities of short-term investments35,6733,1700
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 DVDs11,16418,36821,640
Investment in business0(6,000)0
Proceeds from sale of investment in business7,48300
Other assets71(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 stock35,27418,8729,609
Excess tax benefits from stock-based compensation12,6835,22026,248
Borrowings on line of credit, net of issuance costs18,97800
Payments on line of credit(20,000)00
Proceeds from issuance of debt, net of issuance costs193,91700
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 year139,881177,439
Cash and cash equivalents, end of year134,224139,881177,439
 
Supplemental disclosure:
Income taxes paid58,77040,49415,775
Interest paid3,8782,4581,188
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