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: 2019 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2019 10-K (Filed: Jan 29, 2020) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | |
| Cash flows from operating activities: | |||
| Net income | $ 1,866,916 | 1,211,242 | 558,929 |
| Adjustments to reconcile net income to net cash used in operating activities: | |||
| Additions to streaming content assets | (13,916,683) | (13,043,437) | (9,805,763) |
| Change in streaming content liabilities | (694,011) | 999,880 | 900,006 |
| Amortization of streaming content assets | 9,216,247 | 7,532,088 | 6,197,817 |
| Depreciation and amortization of property, equipment and intangibles | 103,579 | 83,157 | 71,911 |
| Stock-based compensation expense | 405,376 | 320,657 | 182,209 |
| Other non-cash items | 228,230 | 81,640 | 117,864 |
| Foreign currency remeasurement loss (gain) on long-term debt | (45,576) | (73,953) | 140,790 |
| Deferred taxes | (94,443) | (85,520) | (208,688) |
| Changes in operating assets and liabilities: | |||
| Other current assets | (252,113) | (200,192) | (234,090) |
| Accounts payable | 96,063 | 199,198 | 74,559 |
| Accrued expenses and other liabilities | 157,778 | 150,422 | 114,337 |
| Deferred revenue | 163,846 | 142,277 | 177,974 |
| Other non-current assets and liabilities | (122,531) | 2,062 | (73,803) |
| Net cash used in operating activities | (2,887,322) | (2,680,479) | (1,785,948) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (253,035) | (173,946) | (173,302) |
| Change in other assets | (134,029) | (165,174) | (60,409) |
| Purchases of short-term investments | 0 | 0 | (74,819) |
| Proceeds from sale of short-term investments | 0 | 0 | 320,154 |
| Proceeds from maturities of short-term investments | 0 | 0 | 22,705 |
| Net cash provided by (used in) investing activities | (387,064) | (339,120) | 34,329 |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 4,469,306 | 3,961,852 | 3,020,510 |
| Debt issuance costs | (36,134) | (35,871) | (32,153) |
| Proceeds from issuance of common stock | 72,490 | 124,502 | 88,378 |
| Other financing activities | 0 | (1,956) | 255 |
| Net cash provided by financing activities | 4,505,662 | 4,048,527 | 3,076,990 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 469 | (39,682) | 29,848 |
| Net increase in cash, cash equivalents and restricted cash | 1,231,745 | 989,246 | 1,355,219 |
| Cash and cash equivalents, beginning of year | 3,812,041 | 2,822,795 | |
| Cash, cash equivalents and restricted cash, end of year | 5,043,786 | 3,812,041 | 2,822,795 |
| Supplemental disclosure: | |||
| Income taxes paid | 400,658 | 131,069 | 113,591 |
| Interest paid | 599,132 | 375,831 | 213,313 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2019 | |
| 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 |