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: 2011 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2011 10-K (Filed: Feb 10, 2012) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2011 | Dec 31, 2010 | Dec 31, 2009 | |
| Cash flows from operating activities: | |||
| Net income | $ 226,126 | 160,853 | 115,860 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Additions to streaming content library | (2,320,732) | (406,210) | (64,217) |
| Change in streaming content liabilities | 1,460,400 | 167,836 | (4,014) |
| Amortization of streaming content library | 699,128 | 158,100 | 48,192 |
| Amortization of DVD content library | 96,744 | 142,496 | 171,298 |
| Depreciation and amortization of property, equipment and intangibles | 43,747 | 38,099 | 38,044 |
| Stock-based compensation expense | 61,582 | 27,996 | 12,618 |
| Excess tax benefits from stock-based compensation | (45,784) | (62,214) | (12,683) |
| Other non-cash items | (4,050) | (9,128) | (7,161) |
| Deferred taxes | (18,597) | (962) | 6,328 |
| Gain on sale of business | (1,783) | ||
| Changes in operating assets and liabilities: | |||
| Prepaid content | 6,211 | (35,476) | (5,643) |
| Other current assets | (4,775) | (18,027) | (5,358) |
| Other accounts payable | 24,314 | 18,098 | 1,537 |
| Accrued expenses | 68,902 | 67,209 | 13,169 |
| Deferred revenue | 21,613 | 27,086 | 16,970 |
| Other non-current assets and liabilities | 2,883 | 645 | 1,906 |
| Net cash provided by operating activities | 317,712 | 276,401 | 325,063 |
| Cash flows from investing activities: | |||
| Acquisition of DVD content library | (85,154) | (123,901) | (193,044) |
| Purchases of short-term investments | (223,750) | (107,362) | (228,000) |
| Proceeds from sale of short-term investments | 50,993 | 120,857 | 166,706 |
| Proceeds from maturities of short-term investments | 38,105 | 15,818 | 35,673 |
| Purchases of property and equipment | (49,682) | (33,837) | (45,932) |
| Proceeds from sale of business | 7,483 | ||
| Other assets | 3,674 | 12,344 | 11,035 |
| Net cash used in investing activities | (265,814) | (116,081) | (246,079) |
| Cash flows from financing activities: | |||
| Principal payments of lease financing obligations | (2,083) | (1,776) | (1,158) |
| Proceeds from issuance of common stock upon exercise of options | 19,614 | 49,776 | 35,274 |
| Proceeds from public offering of common stock, net of issuance costs | 199,947 | ||
| Excess tax benefits from stock-based compensation | 45,784 | 62,214 | 12,683 |
| 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 | 198,060 | 193,917 | |
| Repurchases of common stock | (199,666) | (210,259) | (324,335) |
| Net cash provided by (used in) financing activities | 261,656 | (100,045) | (84,641) |
| Net increase (decrease) in cash and cash equivalents | 313,554 | 60,275 | (5,657) |
| Cash and cash equivalents, beginning of year | 194,499 | 134,224 | |
| Cash and cash equivalents, end of year | 508,053 | 194,499 | 134,224 |
| Supplemental disclosure: | |||
| Income taxes paid | 79,069 | 56,218 | 58,770 |
| Interest paid | 19,395 | 20,101 | 3,878 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2011 | |
| 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 |