10-K.Info (Beta Test) Courtesy of Short Sands, LLC | ||||||||||||||
| ||||||||||||||
|
10-K.Info (Beta Test) Courtesy of Short Sands, LLC | |||
NETFLIX INC | |||
Ticker: NFLX Fiscal Year: 2020 | |||
Consolidated Statements of Cash Flows | |||
Period Ending Dec 31, 2020 10-K (Filed: Jan 28, 2021) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | |
| Cash flows from operating activities: | |||
| Net income | $ 2,761,395 | 1,866,916 | 1,211,242 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Additions to content assets | (11,779,284) | (13,916,683) | (13,043,437) |
| Change in content liabilities | (757,433) | (694,011) | 999,880 |
| Amortization of content assets | 10,806,912 | 9,216,247 | 7,532,088 |
| Depreciation and amortization of property, equipment and intangibles | 115,710 | 103,579 | 83,157 |
| Stock-based compensation expense | 415,180 | 405,376 | 320,657 |
| Foreign currency remeasurement loss (gain) on debt | 533,278 | (45,576) | (73,953) |
| Other non-cash items | 293,126 | 228,230 | 81,640 |
| Deferred income taxes | 70,066 | (94,443) | (85,520) |
| Changes in operating assets and liabilities: | |||
| Other current assets | (187,623) | (252,113) | (200,192) |
| Accounts payable | (41,605) | 96,063 | 199,198 |
| Accrued expenses and other liabilities | 198,183 | 157,778 | 150,422 |
| Deferred revenue | 193,247 | 163,846 | 142,277 |
| Other non-current assets and liabilities | (194,075) | (122,531) | 2,062 |
| Net cash provided by (used in) operating activities | 2,427,077 | (2,887,322) | (2,680,479) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (497,923) | (253,035) | (173,946) |
| Change in other assets | (7,431) | (134,029) | (165,174) |
| Net cash used in investing activities | (505,354) | (387,064) | (339,120) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 1,009,464 | 4,469,306 | 3,961,852 |
| Debt issuance costs | (7,559) | (36,134) | (35,871) |
| Proceeds from issuance of common stock | 235,406 | 72,490 | 124,502 |
| Other financing activities | 0 | 0 | (1,956) |
| Net cash provided by financing activities | 1,237,311 | 4,505,662 | 4,048,527 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 36,050 | 469 | (39,682) |
| Net increase in cash, cash equivalents and restricted cash | 3,195,084 | 1,231,745 | 989,246 |
| Cash and cash equivalents, beginning of year | 5,043,786 | 3,812,041 | |
| Cash, cash equivalents and restricted cash, end of year | 8,238,870 | 5,043,786 | 3,812,041 |
| Supplemental disclosure: | |||
| Income taxes paid | 291,582 | 400,658 | 131,069 |
| Interest paid | 762,904 | 599,132 | 375,831 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2020 | |
| 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 |