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: 2010 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2010 10-K (Filed: Feb 18, 2011) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2010 | Dec 31, 2009 | Dec 31, 2008 | |
| Cash flows from operating activities: | |||
| Net income | $ 160,853 | 115,860 | 83,026 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Acquisition of streaming content library | (406,210) | (64,217) | (48,290) |
| Amortization of content library | 300,596 | 219,490 | 209,757 |
| Depreciation and amortization of property, equipment and intangibles | 38,099 | 38,044 | 32,454 |
| Amortization of discounts and premiums on investments | 859 | 607 | 625 |
| Amortization of debt issuance costs | 514 | 1,124 | |
| Stock-based compensation expense | 27,996 | 12,618 | 12,264 |
| Excess tax benefits from stock-based compensation | (62,214) | (12,683) | (5,220) |
| Loss on disposal of property and equipment | 394 | 254 | 101 |
| Gain on sale of short-term investments | (1,033) | (1,509) | (3,130) |
| Gain on disposal of DVDs | (9,862) | (7,637) | (13,350) |
| Gain on sale of business | (1,783) | ||
| Deferred taxes | (962) | 6,328 | (5,905) |
| Changes in operating assets and liabilities: | |||
| Prepaid content | (35,476) | (5,643) | (13,458) |
| Other current assets | (21,763) | (5,358) | 9,277 |
| Accounts payable | 139,983 | (1,189) | 7,111 |
| Accrued expenses | 67,209 | 13,169 | (1,824) |
| Deferred revenue | 27,086 | 16,970 | 11,462 |
| Other assets and liabilities | 50,332 | 618 | 9,137 |
| Net cash provided by operating activities | 276,401 | 325,063 | 284,037 |
| Cash flows from investing activities: | |||
| Acquisition of DVD content library | (123,901) | (193,044) | (162,849) |
| Purchases of short-term investments | (107,362) | (228,000) | (256,959) |
| Proceeds from sale of short-term investments | 120,857 | 166,706 | 304,163 |
| Proceeds from maturities of short-term investments | 15,818 | 35,673 | 3,170 |
| Purchases of property and equipment | (33,837) | (45,932) | (43,790) |
| Proceeds from sale of DVDs | 12,919 | 11,164 | 18,368 |
| Acquisitions of intangible assets | (505) | (200) | (1,062) |
| Investment in business | (6,000) | ||
| Proceeds from sale of business | 7,483 | ||
| Other assets | (70) | 71 | (1) |
| Net cash used in investing activities | (116,081) | (246,079) | (144,960) |
| Cash flows from financing activities: | |||
| Principal payments of lease financing obligations | (1,776) | (1,158) | (823) |
| Proceeds from issuance of common stock | 49,776 | 35,274 | 18,872 |
| Excess tax benefits from stock-based compensation | 62,214 | 12,683 | 5,220 |
| Borrowings on line of credit, net of issuance costs | 18,978 | ||
| Payments on line of credit | (20,000) | ||
| Proceeds from issuance of debt, net of issuance costs | 193,917 | ||
| Repurchases of common stock | (210,259) | (324,335) | (199,904) |
| Net cash used by financing activities | (100,045) | (84,641) | (176,635) |
| Net increase (decrease) in cash and cash equivalents | 60,275 | (5,657) | (37,558) |
| Cash and cash equivalents, beginning of year | 134,224 | 139,881 | |
| Cash and cash equivalents, end of year | 194,499 | 134,224 | 139,881 |
| Supplemental disclosure: | |||
| Income taxes paid | 56,218 | 58,770 | 40,494 |
| Interest paid | 20,101 | 3,878 | 2,458 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2010 | |
| 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 |