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: 2015 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2015 10-K (Filed: Jan 28, 2016) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2015 | Dec 31, 2014 | Dec 31, 2013 | |
| Cash flows from operating activities: | |||
| Net income | $ 122,641 | 266,799 | 112,403 |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: | |||
| Additions to streaming content assets | (5,771,652) | (3,773,019) | (3,030,701) |
| Change in streaming content liabilities | 1,162,413 | 593,125 | 673,785 |
| Amortization of streaming content assets | 3,405,382 | 2,656,279 | 2,121,981 |
| Amortization of DVD content assets | 79,380 | 71,491 | 71,325 |
| Depreciation and amortization of property, equipment and intangibles | 62,283 | 54,028 | 48,374 |
| Stock-based compensation expense | 124,725 | 115,239 | 73,100 |
| Excess tax benefits from stock-based compensation | (80,471) | (89,341) | (81,663) |
| Other non-cash items | 31,628 | 15,282 | 5,332 |
| Loss on extinguishment of debt | 0 | 0 | 25,129 |
| Deferred taxes | (58,655) | (30,063) | (22,044) |
| Changes in operating assets and liabilities: | |||
| Other current assets | 18,693 | (9,198) | 43,177 |
| Accounts payable | 51,615 | 83,812 | 18,374 |
| Accrued expenses | 48,810 | 55,636 | 1,941 |
| Deferred revenue | 72,135 | 58,819 | 46,295 |
| Other non-current assets and liabilities | (18,366) | (52,406) | (8,977) |
| Net cash (used in) provided by operating activities | (749,439) | 16,483 | 97,831 |
| Cash flows from investing activities: | |||
| Acquisition of DVD content assets | (77,958) | (74,790) | (65,927) |
| Purchases of property and equipment | (91,248) | (69,726) | (54,143) |
| Other assets | (1,912) | 1,334 | 5,939 |
| Purchases of short-term investments | (371,915) | (426,934) | (550,264) |
| Proceeds from sale of short-term investments | 259,079 | 385,300 | 347,502 |
| Proceeds from maturities of short-term investments | 104,762 | 141,950 | 60,925 |
| Net cash used in investing activities | (179,192) | (42,866) | (255,968) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of common stock | 77,980 | 60,544 | 124,557 |
| Proceeds from issuance of debt | 1,500,000 | 400,000 | 500,000 |
| Issuance costs | (17,629) | (7,080) | (9,414) |
| Redemption of debt | 0 | 0 | (219,362) |
| Excess tax benefits from stock-based compensation | 80,471 | 89,341 | 81,663 |
| Principal payments of lease financing obligations | (545) | (1,093) | (1,180) |
| Net cash provided by financing activities | 1,640,277 | 541,712 | 476,264 |
| Effect of exchange rate changes on cash and cash equivalents | (15,924) | (6,686) | (3,453) |
| Net increase in cash and cash equivalents | 695,722 | 508,643 | 314,674 |
| Cash and cash equivalents, beginning of year | 1,113,608 | 604,965 | |
| Cash and cash equivalents, end of year | 1,809,330 | 1,113,608 | 604,965 |
| Supplemental disclosure: | |||
| Income taxes paid | 27,658 | 50,573 | 7,465 |
| Interest paid | 111,761 | 41,085 | 19,114 |
| Investing activities included in liabilities | 18,824 | 23,802 | 11,508 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2015 | |
| 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 |