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 LibreOffice Calc
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.