Netflix, inc. (NFLX)
CashFlow / Yearly
Dec'19Dec'18Dec'17Dec'16Dec'15Dec'14Dec'13Dec'12Dec'11Dec'10Dec'09Dec'08Dec'07
Cash flows from operating activities:
Net income

1,866,916

1,211,242

558,929

186,678

122,641

266,799

112,403

17,152

226,126

160,853

115,860

83,026

66,608

Adjustments to reconcile net income to net cash provided by (used in) operating activities:
Additions to content assets

13,916,683

13,043,437

9,805,763

8,653,286

5,771,652

3,773,019

3,030,701

2,515,506

2,320,732

406,210

64,217

-

-

Change in content liabilities

-694,011

999,880

900,006

1,772,650

1,162,413

593,125

673,785

762,089

1,463,955

168,231

-4,014

-

-

Amortization of content assets

9,216,247

7,532,088

6,197,817

4,788,498

3,405,382

2,656,279

2,121,981

1,591,218

699,128

-

-

-48,290

-

Amortization of DVD content assets

-

-

-

78,952

79,380

71,491

71,325

65,396

96,744

142,496

171,298

-

-

Depreciation and amortization of property, equipment and intangibles

103,579

83,157

71,911

57,528

62,283

54,028

48,374

45,469

43,747

38,099

38,044

32,454

22,219

Amortization of streaming content library

-

-

-

-

-

-

-

-

-

158,100

48,192

-

-

Amortization of content library

-

-

-

-

-

-

-

-

-

-

-

209,757

203,415

Amortization of discounts and premiums on investments

-

-

-

-

-

-

-

-

-

-

-

-625

-24

Amortization of debt issuance costs

-

-

-

-

-

-

-

-

-

-

-

-

0

Share-based Payment Arrangement, Noncash Expense

405,376

320,657

182,209

173,675

124,725

115,239

73,100

73,948

61,582

27,996

12,618

12,264

11,976

Excess tax benefits from stock-based compensation

-

-

-

65,121

80,471

89,341

81,663

4,543

45,784

62,214

12,683

5,220

26,248

Other non-cash items

-228,230

-81,640

-117,864

-40,909

-31,628

-15,282

-5,332

8,392

4,050

9,128

7,161

-

-

Foreign Currency Transaction Gain (Loss), before Tax

45,576

73,953

-140,790

0

0

-

-

-

-

-

-

-

-

Deferred taxes

-94,443

-85,520

-208,688

-46,847

-58,655

-30,063

-22,044

-30,071

-18,597

-962

6,328

-5,905

-893

Loss on extinguishment of debt

-

-

-

-

-

-

-25,129

0

0

-

-

-

-

Changes in operating assets and liabilities:
Prepaid content

-

-

-

-

-

-

-

-

-

35,476

5,643

13,458

-

Other current assets

252,113

200,192

234,090

-46,970

-18,693

9,198

-43,177

5,432

-1,436

18,027

5,358

-9,277

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-101

-142

Gain on sale of short-term investments

-

-

-

-

-

-

-

-

-

-

-

3,130

687

Gain on disposal of DVDs

-

-

-

-

-

-

-

-

-

-

-

13,350

14,637

Gain on sale of business

-

-

-

-

-

-

-

-

-

-

-1,783

-

0

Prepaid content and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

3,893

Content library

-

-

-

-

-

-

-

-

-

-

-

-

34,821

Accounts payable

96,063

199,198

74,559

32,247

51,615

83,812

18,374

-4,943

23,968

19,214

1,537

7,111

16,555

Accrued expenses and other liabilities

157,778

150,422

114,337

68,706

48,810

55,636

1,941

9,806

65,560

65,698

13,169

-1,824

32,809

Increase (Decrease) in Contract with Customer, Liability

164,000

142,277

177,974

96,751

72,135

58,819

46,295

20,676

21,613

27,086

16,970

11,462

1,987

Other non-current assets and liabilities

122,531

-2,062

73,803

52,294

18,366

52,406

8,977

-4,719

-3,016

-645

-1,906

-9,137

-2,868

Net cash provided by (used in) operating activities

-2,887,322

-2,680,479

-1,785,948

-1,473,984

-749,439

16,483

97,831

21,586

317,712

276,401

325,063

284,037

277,424

Cash flows from investing activities:
Acquisition of DVD content assets

-

-

-

77,177

77,958

74,790

65,927

48,275

85,154

123,901

193,044

162,849

208,647

Purchases of property and equipment

253,035

173,946

173,302

107,653

91,248

69,726

54,143

40,278

49,682

33,837

45,932

43,790

44,256

Proceeds from sale of business

-

-

-

-

-

-

-

-

-

-

7,483

-

0

Change in other assets

134,029

165,174

60,409

941

1,912

-1,334

-5,939

-8,816

-3,674

-12,344

-11,035

-1

297

Purchases of short-term investments

0

0

74,819

187,193

371,915

426,934

550,264

477,321

223,750

107,362

228,000

256,959

405,340

Proceeds from sale of short-term investments

0

0

320,154

282,484

259,079

385,300

347,502

282,953

50,993

120,857

166,706

304,163

200,832

Proceeds from maturities of short-term investments

0

0

22,705

140,245

104,762

141,950

60,925

29,365

38,105

15,818

35,673

3,170

0

Proceeds from sale of DVDs

-

-

-

-

-

-

-

-

-

-

-

18,368

21,640

Acquisitions of intangible assets

-

-

-

-

-

-

-

-

-

-

-

1,062

550

Investment in business

-

-

-

-

-

-

-

-

-

-

-

6,000

0

Net cash used in investing activities

-387,064

-339,120

34,329

49,765

-179,192

-42,866

-255,968

-244,740

-265,814

-116,081

-246,079

-144,960

-436,024

Cash flows from financing activities:
Proceeds from issuance of common stock

-

-

-

-

-

-

-

-

-

49,776

35,274

-

-

Proceeds from public offering of common stock, net of issuance costs

-

-

-

-

-

-

-

-464

199,947

-

-

-

-

Borrowings on line of credit, net of issuance costs

-

-

-

-

-

-

-

-

-

-

18,978

-

0

Payments on line of credit

-

-

-

-

-

-

-

-

-

-

20,000

-

0

Proceeds from issuance of debt

4,469,306

3,961,852

3,020,510

1,000,000

1,500,000

400,000

500,000

0

198,060

0

193,917

-

0

Debt issuance costs

36,134

35,871

32,153

10,700

17,629

7,080

9,414

295

-

-

-

-

-

Proceeds from issuance of common stock

72,490

124,502

88,378

36,979

77,980

60,544

124,557

4,124

19,614

0

0

18,872

9,609

Repurchases of common stock

-

-

-

-

-

-

-

-

199,666

210,259

324,335

199,904

99,858

Redemption of debt

-

-

-

-

-

-

219,362

0

0

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

65,121

80,471

89,341

81,663

4,543

45,784

62,214

12,683

5,220

26,248

Other financing activities

0

-1,956

255

230

-545

-1,093

1,180

2,319

2,083

1,776

1,158

823

390

Net cash provided by financing activities

4,505,662

4,048,527

3,076,990

1,091,630

1,640,277

541,712

476,264

5,589

261,656

-100,045

-84,641

-176,635

-64,391

Effect of exchange rate changes on cash, cash equivalents and restricted cash

469

-39,682

29,848

-9,165

-15,924

-6,686

-3,453

-197

0

0

-

-

-

Net increase (decrease) in cash, cash equivalents and restricted cash

1,231,745

989,246

1,355,219

-341,754

695,722

508,643

314,674

-217,762

313,554

60,275

-5,657

-37,558

-222,991

Supplemental disclosure:
Income taxes paid

400,658

131,069

113,591

26,806

27,658

50,573

7,465

28,853

79,069

56,218

58,770

40,494

15,775

Interest paid

599,132

375,831

213,313

138,566

111,761

41,085

19,114

19,009

19,395

20,101

3,878

2,458

1,188

Increase (decrease) in investing activities included in liabilities

-

-

-

27,504

-4,978

12,295

11,508

-

-

-

-

-

-