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: 2021 | |||
CONSOLIDATED STATEMENTS OF CASH FLOWS | |||
Period Ending Dec 31, 2021 10-K (Filed: Jan 27, 2022) | |||
| (In Thousands, except shares in actual) | |||
| 12 Months Ended | 12 Months Ended | 12 Months Ended | |
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
| Cash flows from operating activities: | |||
| Net income | $ 5,116,228 | 2,761,395 | 1,866,916 |
| Adjustments to reconcile net income to net cash provided by (used in) operating activities: | |||
| Additions to content assets | (17,702,202) | (11,779,284) | (13,916,683) |
| Change in content liabilities | 232,898 | (757,433) | (694,011) |
| Amortization of content assets | 12,230,367 | 10,806,912 | 9,216,247 |
| Depreciation and amortization of property, equipment and intangibles | 208,412 | 115,710 | 103,579 |
| Stock-based compensation expense | 403,220 | 415,180 | 405,376 |
| Foreign currency remeasurement loss (gain) on debt | (430,661) | 533,278 | (45,576) |
| Other non-cash items | 376,777 | 293,126 | 228,230 |
| Deferred income taxes | 199,548 | 70,066 | (94,443) |
| Changes in operating assets and liabilities: | |||
| Other current assets | (369,681) | (187,623) | (252,113) |
| Accounts payable | 145,115 | (41,605) | 96,063 |
| Accrued expenses and other liabilities | 180,338 | 198,183 | 157,778 |
| Deferred revenue | 91,350 | 193,247 | 163,846 |
| Other non-current assets and liabilities | (289,099) | (194,075) | (122,531) |
| Net cash provided by (used in) operating activities | 392,610 | 2,427,077 | (2,887,322) |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (524,585) | (497,923) | (253,035) |
| Change in other assets | (26,919) | (7,431) | (134,029) |
| Acquisitions | (788,349) | 0 | 0 |
| Net cash used in investing activities | (1,339,853) | (505,354) | (387,064) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 0 | 1,009,464 | 4,469,306 |
| Debt issuance costs | 0 | (7,559) | (36,134) |
| Repayments of debt | (500,000) | 0 | 0 |
| Proceeds from issuance of common stock | 174,414 | 235,406 | 72,490 |
| Repurchases of common stock | (600,022) | 0 | 0 |
| Taxes paid related to net share settlement of equity awards | (224,168) | 0 | 0 |
| Net cash provided by (used in) financing activities | (1,149,776) | 1,237,311 | 4,505,662 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (86,740) | 36,050 | 469 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (2,183,759) | 3,195,084 | 1,231,745 |
| Cash, cash equivalents and restricted cash, beginning of year | 8,238,870 | 5,043,786 | |
| Cash, cash equivalents and restricted cash, end of year | 6,055,111 | 8,238,870 | 5,043,786 |
| Supplemental disclosure: | |||
| Income taxes paid | 509,265 | 291,582 | 400,658 |
| Interest paid | 763,432 | 762,904 | 599,132 |
| External Links | |
| NETFLIX INC (NFLX) Fiscal Year 2021 | |
| 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 |