Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Balance Sheet: Assets
Quarterly Data

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 (quarterly data)

US$ in thousands

Microsoft Excel
Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Cash and cash equivalents 7,024,766 7,116,913 7,353,245 7,662,788 6,714,594 5,147,176 6,113,733 5,819,449 6,008,946 6,027,804 7,526,681 7,777,530 8,403,705 8,205,550 8,392,391 7,153,248 5,151,884 5,018,437 4,435,018 5,004,247 3,348,557
Short-term investments 20,973 20,973 514,201 914,201 1,112,910 911,276
Other current assets 2,875,574 2,780,247 2,912,028 2,929,347 2,655,119 3,208,021 2,703,170 2,021,329 2,089,069 2,042,021 1,889,106 1,826,746 1,703,803 1,556,030 1,434,089 1,410,891 1,295,897 1,160,067 892,740 872,910 820,350
Current assets 9,921,313 9,918,133 10,779,474 11,506,336 10,482,623 9,266,473 8,816,903 7,840,778 8,098,015 8,069,825 9,415,787 9,604,276 10,107,508 9,761,580 9,826,480 8,564,139 6,447,781 6,178,504 5,327,758 5,877,157 4,168,907
Content assets, net 31,662,100 31,658,056 31,749,861 32,520,774 32,349,184 32,736,713 32,777,340 32,533,199 31,191,920 30,919,539 28,974,045 27,291,640 26,043,991 25,383,950 25,067,633 25,155,117 25,266,889 24,504,567 23,234,994 21,945,740 20,888,785
Property and equipment, net 1,501,168 1,491,444 1,498,391 1,471,968 1,413,094 1,398,257 1,372,754 1,361,920 1,383,763 1,323,453 1,220,114 1,107,437 1,015,419 960,183 828,118 751,941 650,455 565,221 481,992 452,399 434,372
Other non-current assets 5,743,140 5,664,359 5,474,060 5,318,395 5,245,444 5,193,325 4,595,190 4,615,038 4,657,206 4,271,846 3,129,911 2,967,616 2,956,096 3,174,646 2,900,312 2,704,084 2,694,785 2,727,420 1,896,967 1,896,043 1,726,568
Non-current assets 38,906,408 38,813,859 38,722,312 39,311,137 39,007,722 39,328,295 38,745,284 38,510,157 37,232,889 36,514,838 33,324,070 31,366,693 30,015,506 29,518,779 28,796,063 28,611,142 28,612,129 27,797,208 25,613,953 24,294,182 23,049,725
Total assets 48,827,721 48,731,992 49,501,786 50,817,473 49,490,345 48,594,768 47,562,187 46,350,935 45,330,904 44,584,663 42,739,857 40,970,969 40,123,014 39,280,359 38,622,543 37,175,281 35,059,910 33,975,712 30,941,711 30,171,339 27,218,632

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).


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 decreased from Q3 2023 to Q4 2023 but then slightly increased from Q4 2023 to Q1 2024.
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 decreased from Q3 2023 to Q4 2023 but then increased from Q4 2023 to Q1 2024 exceeding Q3 2023 level.
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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
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 decreased from Q3 2023 to Q4 2023 but then slightly increased from Q4 2023 to Q1 2024.

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 Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
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.