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: 2014 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2014 10-K (Filed: Jan 29, 2015) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2014 | Dec 31, 2013 | Dec 31, 2012 | |
| Cash flows from operating activities: | |||
| Net income | $ 266,799 | 112,403 | 17,152 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Additions to streaming content library | (3,773,459) | (3,049,758) | (2,515,506) |
| Change in streaming content liabilities | 593,125 | 673,785 | 762,089 |
| Amortization of streaming content library | 2,656,279 | 2,121,981 | 1,591,218 |
| Amortization of DVD content library | 71,491 | 71,325 | 65,396 |
| Depreciation and amortization of property, equipment and intangibles | 54,028 | 48,374 | 45,469 |
| Stock-based compensation expense | 115,239 | 73,100 | 73,948 |
| Excess tax benefits from stock-based compensation | (89,341) | (81,663) | (4,543) |
| Other non-cash items | 15,282 | 5,332 | (8,392) |
| Loss on extinguishment of debt | 0 | 25,129 | 0 |
| Deferred taxes | (30,063) | (22,044) | (30,071) |
| Changes in operating assets and liabilities: | |||
| Other current assets | (8,758) | 62,234 | (5,432) |
| Accounts payable | 83,812 | 18,374 | (4,943) |
| Accrued expenses | 55,636 | 1,941 | 9,806 |
| Deferred revenue | 58,819 | 46,295 | 20,676 |
| Other non-current assets and liabilities | (52,406) | (8,977) | 4,719 |
| Net cash provided by operating activities | 16,483 | 97,831 | 21,586 |
| Cash flows from investing activities: | |||
| Acquisition of DVD content library | (74,790) | (65,927) | (48,275) |
| Purchases of property and equipment | (69,726) | (54,143) | (40,278) |
| Other assets | 1,334 | 5,939 | 8,816 |
| Purchases of short-term investments | (426,934) | (550,264) | (477,321) |
| Proceeds from sale of short-term investments | 385,300 | 347,502 | 282,953 |
| Proceeds from maturities of short-term investments | 141,950 | 60,925 | 29,365 |
| Net cash used in investing activities | (42,866) | (255,968) | (244,740) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock | 60,544 | 124,557 | 4,124 |
| Proceeds from public offering of common stock, net of issuance costs | 0 | 0 | (464) |
| Proceeds from issuance of debt | 400,000 | 500,000 | 0 |
| Debt issuance costs | (7,080) | (9,414) | (295) |
| Redemption of debt | 0 | (219,362) | 0 |
| Excess tax benefits from stock-based compensation | 89,341 | 81,663 | 4,543 |
| Principal payments of lease financing obligations | (1,093) | (1,180) | (2,319) |
| Net cash provided by financing activities | 541,712 | 476,264 | 5,589 |
| Effect of exchange rate changes on cash and cash equivalents | (6,686) | (3,453) | (197) |
| Net increase (decrease) in cash and cash equivalents | 508,643 | 314,674 | (217,762) |
| Cash and cash equivalents, beginning of year | 604,965 | 290,291 | |
| Cash and cash equivalents, end of year | 1,113,608 | 604,965 | 290,291 |
| Supplemental disclosure: | |||
| Income taxes paid | 50,573 | 7,465 | 28,853 |
| Interest paid | 41,085 | 19,114 | 19,009 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2014 | |
| 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 |