Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company 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
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 7,116,913 5,147,176 6,027,804 8,205,550 5,018,437
Short-term investments 20,973 911,276
Trade receivables 1,287,054 988,898 804,320 610,819 454,399
Prepaid expenses 408,936 392,735 323,818 203,042 180,999
Other 1,084,257 1,826,388 913,883 742,169 524,669
Other current assets 2,780,247 3,208,021 2,042,021 1,556,030 1,160,067
Current assets 9,918,133 9,266,473 8,069,825 9,761,580 6,178,504
Licensed content, net 12,722,701 12,732,549 13,799,221 13,747,607 14,703,352
Released, less amortization 9,843,150 9,110,518 6,877,743 5,809,681 4,382,685
In production 8,247,578 10,255,940 9,235,975 4,827,455 4,750,664
In development and pre-production 844,627 637,706 1,006,600 999,207 667,866
Produced content, net 18,935,355 20,004,164 17,120,318 11,636,343 9,801,215
Content assets, net 31,658,056 32,736,713 30,919,539 25,383,950 24,504,567
Property and equipment, net 1,491,444 1,398,257 1,323,453 960,183 565,221
Other non-current assets 5,664,359 5,193,325 4,271,846 3,174,646 2,727,420
Non-current assets 38,813,859 39,328,295 36,514,838 29,518,779 27,797,208
Total assets 48,731,992 48,594,768 44,584,663 39,280,359 33,975,712

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).


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. current assets increased from 2021 to 2022 and from 2022 to 2023.
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. property and equipment, net increased from 2021 to 2022 and from 2022 to 2023.
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. non-current assets increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
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. total assets increased from 2021 to 2022 and from 2022 to 2023.

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. cash and cash equivalents decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Short-term investments Amount of investments including trading securities, available-for-sale securities, held-to-maturity securities, and short-term investments classified as other and current. Netflix Inc. short-term investments increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
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. trade receivables increased from 2021 to 2022 and from 2022 to 2023.