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

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Current content liabilities	4,466,470)	4,480,150)	4,292,967)	4,429,536)	4,413,561)
Accounts payable	747,412)	671,513)	837,483)	656,183)	674,347)
Accrued expenses and other liabilities	1,803,960)	1,514,650)	1,449,351)	1,102,196)	843,043)
Deferred revenue	1,442,969)	1,264,661)	1,209,342)	1,117,992)	924,745)
Short-term debt	399,844)	—)	699,823)	499,878)	—)
Current liabilities	8,860,655)	7,930,974)	8,488,966)	7,805,785)	6,855,696)
Non-current content liabilities	2,578,173)	3,081,277)	3,094,213)	2,618,084)	3,334,323)
Long-term debt	14,143,417)	14,353,076)	14,693,072)	15,809,095)	14,759,260)
Other non-current liabilities	2,561,434)	2,452,040)	2,459,164)	1,982,155)	1,444,276)
Non-current liabilities	19,283,024)	19,886,393)	20,246,449)	20,409,334)	19,537,859)
Total liabilities	28,143,679)	27,817,367)	28,735,415)	28,215,119)	26,393,555)
Preferred stock, $0.001 par value; no shares issued and outstanding	—)	—)	—)	—)	—)
Common stock, $0.001 par value	5,145,172)	4,637,601)	4,024,561)	3,447,698)	2,793,929)
Treasury stock at cost	(6,922,200)	(824,190)	(824,190)	—)	—)
Accumulated other comprehensive income (loss)	(223,945)	(217,306)	(40,495)	44,398)	(23,521)
Retained earnings	22,589,286)	17,181,296)	12,689,372)	7,573,144)	4,811,749)
Stockholders’ equity	20,588,313)	20,777,401)	15,849,248)	11,065,240)	7,582,157)
Total liabilities and stockholders’ equity	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).

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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 decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Non-current liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Netflix Inc. non-current liabilities decreased from 2021 to 2022 and from 2022 to 2023.
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 decreased from 2021 to 2022 but then slightly increased from 2022 to 2023.
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 2021 to 2022 but then slightly decreased from 2022 to 2023.

Netflix Inc. (NASDAQ:NFLX)

Balance Sheet: Liabilities and Stockholders’ Equity