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: 2016 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2016 10-K (Filed: Jan 27, 2017) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2016 | Dec 31, 2015 | Dec 31, 2014 | |
| Cash flows from operating activities: | |||
| Net income | $ 186,678 | 122,641 | 266,799 |
| Adjustments to reconcile net income to net cash (used in) provided by operating activities: | |||
| Additions to streaming content assets | (8,653,286) | (5,771,652) | (3,773,019) |
| Change in streaming content liabilities | 1,772,650 | 1,162,413 | 593,125 |
| Amortization of streaming content assets | 4,788,498 | 3,405,382 | 2,656,279 |
| Amortization of DVD content assets | 78,952 | 79,380 | 71,491 |
| Depreciation and amortization of property, equipment and intangibles | 57,528 | 62,283 | 54,028 |
| Stock-based compensation expense | 173,675 | 124,725 | 115,239 |
| Excess tax benefits from stock-based compensation | (65,121) | (80,471) | (89,341) |
| Other non-cash items | 40,909 | 31,628 | 15,282 |
| Deferred taxes | (46,847) | (58,655) | (30,063) |
| Changes in operating assets and liabilities: | |||
| Other current assets | 46,970 | 18,693 | (9,198) |
| Other current assets | 32,247 | 51,615 | 83,812 |
| Accrued expenses | 68,706 | 48,810 | 55,636 |
| Deferred revenue | 96,751 | 72,135 | 58,819 |
| Other non-current assets and liabilities | (52,294) | (18,366) | (52,406) |
| Net cash (used in) provided by operating activities | (1,473,984) | (749,439) | 16,483 |
| Cash flows from investing activities: | |||
| Acquisition of DVD content assets | (77,177) | (77,958) | (74,790) |
| Purchases of property and equipment | (107,653) | (91,248) | (69,726) |
| Other assets | (941) | (1,912) | 1,334 |
| Purchases of short-term investments | (187,193) | (371,915) | (426,934) |
| Proceeds from sale of short-term investments | 282,484 | 259,079 | 385,300 |
| Proceeds from maturities of short-term investments | 140,245 | 104,762 | 141,950 |
| Net cash provided by (used in) investing activities | 49,765 | (179,192) | (42,866) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 1,000,000 | 1,500,000 | 400,000 |
| Issuance costs | (10,700) | (17,629) | (7,080) |
| Proceeds from issuance of common stock | 36,979 | 77,980 | 60,544 |
| Excess tax benefits from stock-based compensation | 65,121 | 80,471 | 89,341 |
| Other financing activities | 230 | (545) | (1,093) |
| Net cash provided by financing activities | 1,091,630 | 1,640,277 | 541,712 |
| Effect of exchange rate changes on cash and cash equivalents | (9,165) | (15,924) | (6,686) |
| Net (decrease) increase in cash and cash equivalents | (341,754) | 695,722 | 508,643 |
| Cash and cash equivalents, beginning of year | 1,809,330 | 1,113,608 | |
| Cash and cash equivalents, end of year | 1,467,576 | 1,809,330 | 1,113,608 |
| Supplemental disclosure: | |||
| Income taxes paid | 26,806 | 27,658 | 50,573 |
| Interest paid | 138,566 | 111,761 | 41,085 |
| Change in investing activities included in liabilities | 27,504 | (4,978) | 12,295 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2016 | |
| 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 |