Netflix, inc. (NFLX)
CashFlow / TTM
Mar'20Dec'19Sep'19Jun'19Mar'19Dec'18Sep'18Jun'18Mar'18Dec'17Sep'17Jun'17Mar'17Dec'16Sep'16Jun'16Mar'16Dec'15Sep'15Jun'15Mar'15Dec'14Sep'14Jun'14Mar'14Dec'13Sep'13Jun'13Mar'13Dec'12Sep'12Jun'12Mar'12Dec'11Sep'11Jun'11Mar'11Dec'10Sep'10Jun'10Mar'10Dec'09Sep'09Jun'09Mar'09Sep'08Jun'08
Cash flows from operating activities:
Net income

2,231,931

1,866,916

1,413,880

1,151,471

1,265,170

1,211,242

1,262,825

989,580

670,831

558,929

440,160

362,087

337,242

186,678

163,108

141,023

126,603

122,641

162,834

192,697

237,380

266,799

231,849

204,376

162,829

112,403

71,879

47,732

24,425

17,152

44,474

99,259

161,309

226,126

238,002

213,509

188,814

160,853

144,671

136,845

125,769

115,860

105,318

101,756

0

0

0

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

14,213,212

13,916,683

13,755,393

13,345,818

13,054,436

13,043,437

11,736,844

10,813,144

10,443,844

9,805,763

9,430,945

9,558,008

8,685,353

8,653,286

8,100,771

6,963,157

6,448,034

5,771,652

5,229,148

5,127,166

4,663,837

3,773,019

3,732,189

3,408,019

3,188,159

3,030,701

2,695,356

2,561,756

2,342,554

2,515,506

2,860,404

2,654,975

2,893,318

2,320,732

1,229,038

623,596

0

-

0

0

-

-

-

-

-

-

-

Change in content liabilities

-420,368

-694,011

143,993

305,409

606,297

999,880

786,673

686,218

912,634

900,006

945,085

1,509,557

1,233,184

1,772,650

1,914,375

1,489,174

1,441,811

1,162,413

1,047,933

1,290,001

1,177,206

593,125

813,965

777,404

706,329

673,785

457,462

421,467

374,236

762,089

1,275,848

1,315,433

1,777,460

1,463,955

878,547

583,074

0

-

0

0

-

-

-

-

-

-

-

Amortization of content assets

9,574,946

9,216,247

8,690,238

8,322,028

7,907,930

7,532,088

7,192,291

6,908,001

6,640,978

6,197,817

5,814,462

5,411,093

5,035,660

4,788,498

4,419,851

4,067,146

3,714,385

3,405,382

3,173,874

2,988,625

2,805,062

2,656,279

2,498,523

2,365,763

2,236,976

2,121,981

1,960,331

1,782,934

1,737,222

-

1,407,959

1,184,458

-

-

-

-

-

-

-

-

0

-

0

0

-

-

-

Amortization of DVD content assets

-

-

31,784

35,089

-

-

44,536

47,836

53,193

-

67,574

73,599

77,109

78,952

78,539

77,844

78,636

79,380

80,765

80,445

76,555

71,491

69,146

68,423

69,209

71,325

69,406

64,992

63,587

65,396

72,236

82,104

89,800

96,744

106,568

118,867

0

-

0

0

-

-

-

-

-

-

-

Depreciation and amortization of property, equipment and intangibles

108,535

103,579

98,980

93,437

87,677

83,157

79,011

77,088

75,903

71,911

67,027

62,199

57,779

57,528

58,827

60,464

61,914

62,283

61,107

59,417

56,813

54,028

52,561

49,656

48,705

48,374

47,492

47,168

46,189

45,469

45,332

46,117

45,252

43,747

41,174

37,939

37,066

38,099

39,084

40,024

39,728

38,044

36,449

35,019

0

0

0

Amortization of streaming content library

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

952,927

-

462,417

304,815

294,512

-

13,939

-39,972

-

-

-

-

-

-

-

Amortization of content library

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

206,825

207,147

0

0

0

Amortization of discounts and premiums on investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-561

-612

0

0

0

Share-based Payment Arrangement, Noncash Expense

401,195

405,376

394,024

376,078

353,462

320,657

280,473

242,920

205,716

182,209

177,325

176,057

176,141

173,675

165,889

155,228

139,706

124,725

119,116

116,160

116,855

115,239

103,910

92,509

81,179

73,100

71,872

71,867

72,362

73,948

74,331

71,564

68,650

61,582

51,775

43,366

34,758

27,996

22,702

18,638

14,988

12,618

12,677

12,350

0

0

0

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

65,121

11,718

36,682

62,786

80,471

127,075

110,409

85,610

89,341

97,608

97,040

102,780

81,663

52,845

32,464

12,403

4,543

4,674

16,324

33,885

45,784

72,798

77,130

70,444

62,214

38,283

23,790

16,423

12,683

10,192

11,146

0

0

0

Other non-cash items

-247,970

-228,230

-200,575

-158,257

-119,139

-81,640

-105,875

-106,809

-104,407

-117,864

-52,511

-52,297

-49,818

-40,909

-39,253

-40,437

-38,079

-31,628

-30,329

-22,823

-19,392

-15,282

-9,207

-7,841

-5,778

-5,332

-1,716

2,356

5,123

8,392

5,754

5,421

4,644

4,050

16,906

16,915

13,213

9,128

0

0

0

-

-

-

-

-

-

Foreign Currency Transaction Gain (Loss), before Tax

81,036

45,576

189,629

25,939

172,633

73,953

26,260

-32,240

-181,870

-140,790

-115,050

-64,220

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Deferred taxes

-54,451

-94,443

79,772

-11,786

-56,844

-85,520

-175,173

-192,810

-203,973

-208,688

-131,262

-59,834

-57,008

-46,847

-8,105

-51,860

-38,216

-58,655

-63,190

-41,665

-54,002

-30,063

-48,396

-42,928

-28,399

-22,044

-14,834

-28,016

-25,976

-30,071

-30,856

-20,531

-24,458

-18,597

-12,191

-3,716

-3,183

-962

-1,116

-4,381

4,911

6,328

589

-1,842

0

0

0

Loss on extinguishment of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-25,129

-25,129

-25,129

-25,129

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Changes in operating assets and liabilities:
Prepaid content

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

-

17,823

25,973

42,893

35,476

32,474

8,602

0

-

0

0

-

-

-

Other current assets

347,390

252,113

144,521

175,030

176,363

200,192

198,923

209,958

264,593

234,090

148,679

97,030

-7,260

-46,970

14,106

-42,339

18,400

-18,693

-44,909

8,826

-7,137

9,198

-32,563

-29,523

-83,970

-43,177

-32,335

-18,939

22,900

5,432

3,311

8,413

-3,679

-1,436

1,055

-4,149

9,077

18,027

4,519

8,377

0

-

0

0

-

-

-

Loss on disposal of property and equipment

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-253

-253

0

0

0

Gain on sale of short-term investments

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

961

-101

0

0

0

Gain on disposal of DVDs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

8,235

9,803

0

0

0

Prepaid content and other current assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Content library

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

0

Accounts payable

71,377

96,063

-12,953

-9,759

648

199,198

141,336

179,814

159,642

74,559

26,130

19,911

41,145

32,247

65,738

44,690

42,342

51,615

53,667

59,908

50,375

83,812

45,099

26,219

24,167

18,374

12,228

8,378

13,832

-4,943

8,852

11,527

6,980

23,968

15,265

11,403

17,106

19,214

20,585

18,326

10,305

1,537

-11,894

8,371

0

0

0

Accrued expenses and other liabilities

214,322

157,778

342,038

215,166

189,020

150,422

195,029

135,035

139,844

114,337

115,924

70,875

121,016

68,706

32,669

14,595

54,120

48,810

92,479

74,616

92,000

55,636

58,616

54,145

5,631

1,941

-19,214

7,531

3,891

9,806

30,250

38,445

47,050

65,560

85,273

79,787

72,245

65,698

47,749

31,921

23,970

13,169

9,816

-6,910

0

0

0

Increase (Decrease) in Contract with Customer, Liability

178,207

164,000

198,783

195,037

134,800

142,277

181,298

195,262

218,023

177,974

111,043

108,326

84,470

96,751

97,467

95,222

88,883

72,135

76,783

60,424

55,325

58,819

57,133

54,759

51,137

46,295

40,677

33,781

28,276

20,676

-5,783

5,853

7,557

21,613

57,943

45,518

42,936

27,086

23,863

20,924

19,486

16,970

-5,993

-5,110

0

0

0

Other non-current assets and liabilities

159,491

122,531

102,269

82,955

16,254

-2,062

4,854

-13,206

68,823

73,803

48,836

52,352

13,908

52,294

62,585

72,060

69,690

18,366

67,538

41,675

37,909

52,406

-2,010

14,110

10,132

8,977

-3,367

-18,393

-13,028

-4,719

-14,774

673

-765

-3,016

2,768

-10,957

-6,450

-645

1,468

5,582

3,934

-1,906

-366

-10,406

0

0

0

Net cash provided by (used in) operating activities

-2,247,611

-2,887,322

-2,660,419

-2,849,036

-2,823,521

-2,680,479

-1,933,364

-1,662,560

-1,678,849

-1,785,948

-1,855,151

-1,897,485

-1,589,250

-1,473,984

-1,161,569

-895,597

-850,647

-749,439

-543,155

-384,625

-147,258

16,483

96,389

168,521

146,440

97,831

42,381

4,763

-9,773

21,586

101,057

153,513

220,498

317,712

348,963

341,659

315,519

276,401

285,501

321,585

336,635

325,063

279,741

268,810

0

0

0

Cash flows from investing activities:
Acquisition of DVD content assets

-

-

29,109

32,206

-

-

41,586

44,072

39,144

-

62,010

69,042

79,342

77,177

79,179

76,397

78,259

77,958

80,524

81,587

82,782

74,790

66,665

66,606

59,648

65,927

68,836

61,951

55,940

48,275

53,270

65,510

76,563

85,154

94,918

103,992

109,118

123,901

148,041

164,414

183,447

193,044

164,824

162,961

0

0

0

Purchases of property and equipment

290,669

253,035

215,418

209,418

197,157

173,946

125,411

120,041

157,949

173,302

212,765

206,168

151,751

107,653

59,459

69,913

86,637

91,248

93,885

77,097

69,428

69,726

77,344

67,140

55,359

54,143

52,379

52,359

47,630

40,278

29,589

32,861

38,128

49,682

53,457

46,719

43,764

33,837

41,839

44,491

45,753

45,932

32,725

37,393

0

0

0

Change in other assets

114,595

134,029

63,080

185,323

183,110

165,174

181,326

60,803

61,426

60,409

4,557

3,325

1,354

941

-2,938

947

2,493

1,912

4,605

504

-1,264

-1,334

-3,896

-2,226

-2,184

-5,939

-6,301

-9,487

-11,532

-8,816

-8,578

-5,877

-3,589

-3,674

-10,838

-14,464

-17,445

-12,344

-14,103

-11,187

-7,351

-11,035

146

32

0

0

0

Purchases of short-term investments

-

-

-

-

-

-

-

-

-

74,819

80,422

205,759

210,005

187,193

328,172

266,480

315,937

371,915

296,930

354,369

457,328

426,934

407,812

400,045

375,187

550,264

544,561

496,224

413,477

477,321

553,763

493,657

470,951

223,750

134,729

142,435

123,633

107,362

199,010

204,637

211,611

228,000

125,109

170,040

0

0

0

Proceeds from sale of short-term investments

-

-

-

-

-

-

-

-

-

320,154

403,951

325,420

330,044

282,484

313,519

185,659

215,319

259,079

189,269

252,950

294,200

385,300

491,388

465,005

409,322

347,502

206,665

177,652

191,846

282,953

292,165

240,030

208,367

50,993

47,302

89,503

105,048

120,857

141,100

184,766

160,543

166,706

180,673

115,786

0

0

0

Proceeds from maturities of short-term investments

-

-

-

-

-

-

-

-

-

22,705

50,395

75,250

82,320

140,245

135,135

141,405

135,900

104,762

96,903

97,903

170,747

141,950

129,434

146,199

59,595

60,925

64,400

18,205

25,510

29,365

43,350

42,460

45,730

38,105

23,940

24,130

12,455

15,818

15,006

16,491

38,356

35,673

31,590

28,775

0

0

0

Proceeds from sale of DVDs

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

11,017

13,051

0

0

0

Acquisitions of intangible assets

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

1,262

0

0

0

Investment in business

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

0

Net cash used in investing activities

-405,264

-387,064

-259,851

-379,191

-369,471

-339,120

-294,603

76,283

60,167

34,329

94,592

-83,624

-30,088

49,765

-15,218

-86,673

-132,107

-179,192

-189,772

-162,704

-143,327

-42,866

72,897

79,639

-19,093

-255,968

-388,410

-405,190

-288,159

-244,740

-292,529

-303,661

-327,956

-265,814

-208,388

-172,413

-148,931

-116,081

-211,150

-189,954

-222,236

-246,079

-99,494

-214,012

0

0

0

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

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of debt

-

-

0

0

-

-

0

0

-

-

0

0

-

-

0

0

-

1,500,000

1,500,000

1,500,000

1,500,000

400,000

400,000

400,000

400,000

500,000

500,000

500,000

500,000

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Debt issuance costs

-

-

0

0

-

-

0

0

-

-

0

0

-

-

0

0

-

17,629

17,629

17,629

17,585

7,080

7,080

7,080

6,727

9,414

8,950

8,950

9,321

295

0

0

0

-

0

0

0

-

-

-

-

-

-

-

-

-

-

Proceeds from issuance of common stock

93,212

72,490

68,307

86,099

91,139

124,502

127,757

132,645

120,535

88,378

99,065

68,215

57,621

36,979

19,758

51,028

70,600

77,980

73,559

48,347

39,012

60,544

87,798

103,482

117,859

124,557

93,871

68,834

0

-

0

0

-

19,614

-15,365

-8,847

-3,156

0

7,862

-340

-3,671

0

28,668

30,467

0

0

0

Repurchases of common stock

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

199,666

199,666

217,454

211,178

210,259

289,678

361,974

389,340

324,335

334,944

205,258

0

0

0

Redemption of debt

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

219,362

219,362

219,362

219,362

0

0

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

Excess tax benefits from stock-based compensation

-

-

-

-

-

-

-

-

-

-

-

-

-

65,121

11,718

36,682

62,786

80,471

127,075

110,409

85,610

89,341

97,608

97,040

102,780

81,663

52,845

32,464

12,403

4,543

4,674

16,324

33,885

45,784

72,798

77,130

70,444

62,214

38,283

23,790

16,423

12,683

10,192

11,146

0

0

0

Other financing activities

-

-

-559

-1,103

-

-1,956

-1,331

-722

-127

255

249

242

236

230

224

105

-239

-545

-2,505

-2,169

-1,611

-1,093

1,077

1,060

1,044

1,180

1,512

1,841

2,163

2,319

2,259

2,198

2,141

2,083

2,027

1,971

1,916

1,776

1,596

1,420

1,250

1,158

1,092

1,028

0

0

0

Net cash provided by financing activities

4,526,384

4,505,662

4,335,725

4,352,973

4,015,485

4,048,527

3,592,606

3,597,791

3,108,765

3,076,990

2,521,519

2,503,736

1,100,962

1,091,630

31,700

87,815

132,750

1,640,277

1,682,126

1,640,034

1,605,960

541,712

577,249

592,382

612,868

476,264

418,168

372,215

323,139

5,589

402,754

378,954

352,416

261,656

-94,484

-101,366

-96,030

-100,045

-16,960

-111,775

-149,669

-84,641

-297,176

-164,673

0

0

0

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

-65,419

469

-34,298

-10,535

-51,873

-39,682

-32,544

-16,297

31,570

29,848

16,351

5,225

-9,044

-9,165

-1,192

-8,492

471

-15,924

-16,979

-13,077

-18,048

-6,686

-2,374

3,024

-816

-3,453

-3,381

-3,361

-3,148

-197

-183

-1,762

615

0

0

0

0

-

-

-

-

-

-

-

-

-

-

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

1,808,090

1,231,745

1,381,157

1,114,211

770,620

989,246

1,332,095

1,995,217

1,521,653

1,355,219

777,311

527,852

-527,420

-341,754

-1,146,279

-902,947

-849,533

695,722

932,220

1,079,628

1,297,327

508,643

744,161

843,566

739,399

314,674

68,758

-31,573

22,059

-217,762

211,099

227,044

245,573

313,554

46,091

67,880

70,558

60,275

57,391

19,856

-35,270

-5,657

-116,929

-109,875

0

0

0

Supplemental disclosure:
Increase (decrease) in investing activities included in liabilities

-

-

-

-

-

-

-

-

-

-

-15,023

9,096

11,335

27,504

0

0

0

-

-

-

0

-

0

0

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-