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: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K/A (Amendment Filed: Feb 5, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities: | |||
| Net income | $ 558,929 | 186,678 | 122,641 |
| Adjustments to reconcile net income to net cash used in operating activities: | |||
| Additions to streaming content assets | (9,805,763) | (8,653,286) | (5,771,652) |
| Change in streaming content liabilities | 900,006 | 1,772,650 | 1,162,413 |
| Amortization of streaming content assets | 6,197,817 | 4,788,498 | 3,405,382 |
| Amortization of DVD content assets | 60,657 | 78,952 | 79,380 |
| Depreciation and amortization of property, equipment and intangibles | 71,911 | 57,528 | 62,283 |
| Stock-based compensation expense | 182,209 | 173,675 | 124,725 |
| Excess tax benefits from stock-based compensation | 0 | (65,121) | (80,471) |
| Other non-cash items | 57,207 | 40,909 | 31,628 |
| Foreign currency remeasurement loss on long-term debt | 140,790 | 0 | 0 |
| Deferred taxes | (208,688) | (46,847) | (58,655) |
| Changes in operating assets and liabilities: | |||
| Other current assets | (234,090) | 46,970 | 18,693 |
| Accounts payable | 74,559 | 32,247 | 51,615 |
| Accrued expenses | 114,337 | 68,706 | 48,810 |
| Deferred revenue | 177,974 | 96,751 | 72,135 |
| Other non-current assets and liabilities | (73,803) | (52,294) | (18,366) |
| Net cash used in operating activities | (1,785,948) | (1,473,984) | (749,439) |
| Cash flows from investing activities: | |||
| Acquisitions of DVD content assets | (53,720) | (77,177) | (77,958) |
| Purchases of property and equipment | (173,302) | (107,653) | (91,248) |
| Other assets | (6,689) | (941) | (1,912) |
| Purchases of short-term investments | (74,819) | (187,193) | (371,915) |
| Proceeds from sale of short-term investments | 320,154 | 282,484 | 259,079 |
| Proceeds from maturities of short-term investments | 22,705 | 140,245 | 104,762 |
| Net cash provided by (used in) investing activities | 34,329 | 49,765 | (179,192) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 3,020,510 | 1,000,000 | 1,500,000 |
| Issuance costs | (32,153) | (10,700) | (17,629) |
| Proceeds from issuance of common stock | 88,378 | 36,979 | 77,980 |
| Excess tax benefits from stock-based compensation | 0 | 65,121 | 80,471 |
| Other financing activities | 255 | 230 | (545) |
| Net cash provided by financing activities | 3,076,990 | 1,091,630 | 1,640,277 |
| Effect of exchange rate changes on cash and cash equivalents | 29,848 | (9,165) | (15,924) |
| Net increase (decrease) in cash and cash equivalents | 1,355,219 | (341,754) | 695,722 |
| Cash and cash equivalents, beginning of year | 1,467,576 | 1,809,330 | |
| Cash and cash equivalents, end of year | 2,822,795 | 1,467,576 | 1,809,330 |
| Supplemental disclosure: | |||
| Income taxes paid | 113,591 | 26,806 | 27,658 |
| Interest paid | 213,313 | 138,566 | 111,761 |
| Increase (decrease) in investing activities included in liabilities | (32,643) | 27,504 | (4,978) |
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2017 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2017 10-K (Superseded Filed: Jan 29, 2018) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2017 | Dec 31, 2016 | Dec 31, 2015 | |
| Cash flows from operating activities: | |||
| Net income | $ 558,929 | 186,678 | 122,641 |
| Adjustments to reconcile net income to net cash used in operating activities: | |||
| Additions to streaming content assets | (9,805,763) | (8,653,286) | (5,771,652) |
| Change in streaming content liabilities | 900,006 | 1,772,650 | 1,162,413 |
| Amortization of streaming content assets | 6,197,817 | 4,788,498 | 3,405,382 |
| Amortization of DVD content assets | 60,657 | 78,952 | 79,380 |
| Depreciation and amortization of property, equipment and intangibles | 71,911 | 57,528 | 62,283 |
| Stock-based compensation expense | 182,209 | 173,675 | 124,725 |
| Excess tax benefits from stock-based compensation | 0 | (65,121) | (80,471) |
| Other non-cash items | 57,207 | 40,909 | 31,628 |
| Foreign currency remeasurement loss on long-term debt | 140,790 | 0 | 0 |
| Deferred taxes | (208,688) | (46,847) | (58,655) |
| Changes in operating assets and liabilities: | |||
| Other current assets | (234,090) | 46,970 | 18,693 |
| Accounts payable | 74,559 | 32,247 | 51,615 |
| Accrued expenses | 114,337 | 68,706 | 48,810 |
| Deferred revenue | 177,974 | 96,751 | 72,135 |
| Other non-current assets and liabilities | (73,803) | (52,294) | (18,366) |
| Net cash used in operating activities | (1,785,948) | (1,473,984) | (749,439) |
| Cash flows from investing activities: | |||
| Acquisitions of DVD content assets | (53,720) | (77,177) | (77,958) |
| Purchases of property and equipment | (173,302) | (107,653) | (91,248) |
| Other assets | (6,689) | (941) | (1,912) |
| Purchases of short-term investments | (74,819) | (187,193) | (371,915) |
| Proceeds from sale of short-term investments | 320,154 | 282,484 | 259,079 |
| Proceeds from maturities of short-term investments | 22,705 | 140,245 | 104,762 |
| Net cash provided by (used in) investing activities | 34,329 | 49,765 | (179,192) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 3,020,510 | 1,000,000 | 1,500,000 |
| Issuance costs | (32,153) | (10,700) | (17,629) |
| Proceeds from issuance of common stock | 88,378 | 36,979 | 77,980 |
| Excess tax benefits from stock-based compensation | 0 | 65,121 | 80,471 |
| Other financing activities | 255 | 230 | (545) |
| Net cash provided by financing activities | 3,076,990 | 1,091,630 | 1,640,277 |
| Effect of exchange rate changes on cash and cash equivalents | 29,848 | (9,165) | (15,924) |
| Net increase (decrease) in cash and cash equivalents | 1,355,219 | (341,754) | 695,722 |
| Cash and cash equivalents, beginning of year | 1,467,576 | 1,809,330 | |
| Cash and cash equivalents, end of year | 2,822,795 | 1,467,576 | 1,809,330 |
| Supplemental disclosure: | |||
| Income taxes paid | 113,591 | 26,806 | 27,658 |
| Interest paid | 213,313 | 138,566 | 111,761 |
| Increase (decrease) in investing activities included in liabilities | (32,643) | 27,504 | (4,978) |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2017 | |
| 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 |