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: 2012 | |||
Consolidated Statements Of Cash Flows | |||
Period Ending Dec 31, 2012 10-K (Filed: Feb 1, 2013) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2012 | Dec 31, 2011 | Dec 31, 2010 | |
| Cash flows from operating activities: | |||
| Net income | $ 17,152 | 226,126 | 160,853 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Additions to streaming content library | (2,515,506) | (2,320,732) | (406,210) |
| Change in streaming content liabilities | 762,089 | 1,463,955 | 168,231 |
| Amortization of streaming content library | 1,591,218 | 699,128 | 158,100 |
| Amortization of DVD content library | 65,396 | 96,744 | 142,496 |
| Depreciation and amortization of property, equipment and intangibles | 45,469 | 43,747 | 38,099 |
| Stock-based compensation expense | 73,948 | 61,582 | 27,996 |
| Excess tax benefits from stock-based compensation | (4,543) | (45,784) | (62,214) |
| Other non-cash items | (8,392) | (4,050) | (9,128) |
| Deferred taxes | (30,071) | (18,597) | (962) |
| Changes in operating assets and liabilities: | |||
| Prepaid content | (3,922) | 6,211 | (35,476) |
| Other current assets | (1,510) | (4,775) | (18,027) |
| Accounts payable | (3,764) | 23,968 | 19,214 |
| Accrued expenses | 9,806 | 65,560 | 65,698 |
| Deferred revenue | 20,676 | 21,613 | 27,086 |
| Other non-current assets and liabilities | 4,719 | 3,016 | 645 |
| Net cash provided by operating activities | 22,765 | 317,712 | 276,401 |
| Cash flows from investing activities: | |||
| Acquisition of DVD content library | (48,275) | (85,154) | (123,901) |
| Purchases of property and equipment | (41,457) | (49,682) | (33,837) |
| Purchases of short-term investments | (477,321) | (223,750) | (107,362) |
| Proceeds from sale of short-term investments | 282,953 | 50,993 | 120,857 |
| Proceeds from maturities of short-term investments | 29,365 | 38,105 | 15,818 |
| Other assets | 8,816 | 3,674 | 12,344 |
| Net cash used in investing activities | (245,919) | (265,814) | (116,081) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock | 4,124 | 19,614 | 49,776 |
| Proceeds from public offering of common stock, net of issuance costs | (464) | 199,947 | 0 |
| Proceeds from issuance of debt, net of issuance costs | (295) | 198,060 | 0 |
| Repurchases of common stock | 0 | (199,666) | (210,259) |
| Excess tax benefits from stock-based compensation | 4,543 | 45,784 | 62,214 |
| Principal payments of lease financing obligations | (2,319) | (2,083) | (1,776) |
| Net cash provided by (used in) financing activities | 5,589 | 261,656 | (100,045) |
| Effect of exchange rate changes on cash and cash equivalents | (197) | 0 | 0 |
| Net increase (decrease) in cash and cash equivalents | (217,762) | 313,554 | 60,275 |
| Cash and cash equivalents, beginning of year | 508,053 | 194,499 | |
| Cash and cash equivalents, end of year | 290,291 | 508,053 | 194,499 |
| Supplemental disclosure: | |||
| Income taxes paid | 28,853 | 79,069 | 56,218 |
| Interest paid | 19,009 | 19,395 | 20,101 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2012 | |
| 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 |