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: 2013 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2013 10-K (Filed: Feb 3, 2014) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2013 | Dec 31, 2012 | Dec 31, 2011 | |
| Cash flows from operating activities: | |||
| Net income | $ 112,403 | 17,152 | 226,126 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Additions to streaming content library | (3,049,758) | (2,515,506) | (2,320,732) |
| Change in streaming content liabilities | 673,785 | 762,089 | 1,463,955 |
| Amortization of streaming content library | 2,121,981 | 1,591,218 | 699,128 |
| Amortization of DVD content library | 71,325 | 65,396 | 96,744 |
| Depreciation and amortization of property, equipment and intangibles | 48,374 | 45,469 | 43,747 |
| Stock-based compensation expense | 73,100 | 73,948 | 61,582 |
| Excess tax benefits from stock-based compensation | (81,663) | (4,543) | (45,784) |
| Other non-cash items | 5,332 | (8,392) | (4,050) |
| Loss on extinguishment of debt | 25,129 | 0 | 0 |
| Deferred taxes | (22,044) | (30,071) | (18,597) |
| Changes in operating assets and liabilities: | |||
| Other current assets | 62,234 | (5,432) | 1,436 |
| Accounts payable | 18,374 | (4,943) | 23,968 |
| Accrued expenses | 1,941 | 9,806 | 65,560 |
| Deferred revenue | 46,295 | 20,676 | 21,613 |
| Other non-current assets and liabilities | (8,977) | 4,719 | 3,016 |
| Net cash provided by operating activities | 97,831 | 21,586 | 317,712 |
| Cash flows from investing activities: | |||
| Acquisition of DVD content library | (65,927) | (48,275) | (85,154) |
| Purchases of property and equipment | (54,143) | (40,278) | (49,682) |
| Other assets | 5,939 | 8,816 | 3,674 |
| Purchases of short-term investments | (550,264) | (477,321) | (223,750) |
| Proceeds from sale of short-term investments | 347,502 | 282,953 | 50,993 |
| Proceeds from maturities of short-term investments | 60,925 | 29,365 | 38,105 |
| Net cash used in investing activities | (255,968) | (244,740) | (265,814) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock | 124,557 | 4,124 | 19,614 |
| Proceeds from public offering of common stock, net of issuance costs | 0 | (464) | 199,947 |
| Proceeds from issuance of debt, net of issuance costs | 490,586 | (295) | 198,060 |
| Repurchases of common stock | 0 | 0 | (199,666) |
| Redemption of debt | (219,362) | 0 | 0 |
| Excess tax benefits from stock-based compensation | 81,663 | 4,543 | 45,784 |
| Principal payments of lease financing obligations | (1,180) | (2,319) | (2,083) |
| Net cash provided by financing activities | 476,264 | 5,589 | 261,656 |
| Effect of exchange rate changes on cash and cash equivalents | (3,453) | (197) | 0 |
| Net increase (decrease) in cash and cash equivalents | 314,674 | (217,762) | 313,554 |
| Cash and cash equivalents, beginning of year | 290,291 | 508,053 | |
| Cash and cash equivalents, end of year | 604,965 | 290,291 | 508,053 |
| Supplemental disclosure: | |||
| Income taxes paid | 7,465 | 28,853 | 79,069 |
| Interest paid | 19,114 | 19,009 | 19,395 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2013 | |
| 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 |