Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Balance Sheet: Liabilities and Stockholders’ Equity 

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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Netflix Inc., consolidated balance sheet: liabilities and stockholders’ equity

US$ in thousands

Microsoft Excel
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Current content liabilities 4,292,967 4,429,536 4,413,561 4,686,019 4,173,041
Accounts payable 837,483 656,183 674,347 562,985 359,555
Accrued expenses and other liabilities 1,449,351 1,102,196 843,043 477,417 315,094
Deferred revenue 1,209,342 1,117,992 924,745 760,899 618,622
Short-term debt 699,823 499,878
Current liabilities 8,488,966 7,805,785 6,855,696 6,487,320 5,466,312
Non-current content liabilities 3,094,213 2,618,084 3,334,323 3,759,026 3,329,796
Long-term debt 14,693,072 15,809,095 14,759,260 10,360,058 6,499,432
Other non-current liabilities 2,459,164 1,982,155 1,444,276 129,231 135,246
Non-current liabilities 20,246,449 20,409,334 19,537,859 14,248,315 9,964,474
Total liabilities 28,735,415 28,215,119 26,393,555 20,735,635 15,430,786
Preferred stock, $0.001 par value; no shares issued and outstanding
Common stock, $0.001 par value 4,024,561 3,447,698 2,793,929 2,315,988 1,871,396
Treasury stock at cost (824,190)
Accumulated other comprehensive income (loss) (40,495) 44,398 (23,521) (19,582) (20,557)
Retained earnings 12,689,372 7,573,144 4,811,749 2,942,359 1,731,117
Stockholders’ equity 15,849,248 11,065,240 7,582,157 5,238,765 3,581,956
Total liabilities and stockholders’ equity 44,584,663 39,280,359 33,975,712 25,974,400 19,012,742

Based on: 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31).

Balance sheet item Description The company
Current liabilities Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer. Netflix Inc. current liabilities increased from 2019 to 2020 and from 2020 to 2021.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Netflix Inc. non-current liabilities increased from 2019 to 2020 but then slightly decreased from 2020 to 2021.
Total liabilities Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Netflix Inc. total liabilities increased from 2019 to 2020 and from 2020 to 2021.
Stockholders’ equity Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity. Netflix Inc. stockholders’ equity increased from 2019 to 2020 and from 2020 to 2021.