Stock Analysis on Net
Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Netflix Inc., consolidated balance sheet: assets

US$ in thousands

Microsoft Excel LibreOffice Calc
Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Cash and cash equivalents 8,205,550  5,018,437  3,794,483  2,822,795  1,467,576 
Short-term investments —  —  —  —  266,206 
Current content assets, net —  —  5,151,186  4,310,934  3,726,307 
Trade receivables 610,819  454,399  362,712  —  — 
Prepaid expenses 203,042  180,999  178,833  —  — 
Other 742,169  524,669  206,921  —  — 
Other current assets (legacy) —  —  —  536,245  260,202 
Other current assets 1,556,030  1,160,067  748,466  536,245  260,202 
Current assets 9,761,580  6,178,504  9,694,135  7,669,974  5,720,291 
Non-current content assets, net 25,383,950  24,504,567  14,960,954  10,371,055  7,274,501 
Property and equipment, net 960,183  565,221  418,281  319,404  250,395 
Other non-current assets 3,174,646  2,727,420  901,030  652,309  341,423 
Non-current assets 29,518,779  27,797,208  16,280,265  11,342,768  7,866,319 
Total assets 39,280,359  33,975,712  25,974,400  19,012,742  13,586,610 

Based on: 10-K (filing date: 2021-01-28), 10-K (filing date: 2020-01-29), 10-K (filing date: 2019-01-29), 10-K (filing date: 2018-01-29), 10-K (filing date: 2017-01-27).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Netflix Inc.’s current assets decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.
Property and equipment, net Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Netflix Inc.’s property and equipment, net increased from 2018 to 2019 and from 2019 to 2020.
Non-current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Netflix Inc.’s non-current assets increased from 2018 to 2019 and from 2019 to 2020.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Netflix Inc.’s total assets increased from 2018 to 2019 and from 2019 to 2020.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Netflix Inc.’s cash and cash equivalents increased from 2018 to 2019 and from 2019 to 2020.
Short-term investments Amount of investment in marketable security, classified as current.
Trade receivables Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Netflix Inc.’s trade receivables increased from 2018 to 2019 and from 2019 to 2020.