Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

Balance Sheet: Liabilities and Stockholders’ Equity
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.

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 (quarterly data)

US$ in thousands

Microsoft Excel
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
Current content liabilities 4,466,470 4,259,582 4,440,412 4,344,580 4,480,150 4,225,890 4,174,966 4,066,289 4,292,967 4,110,962 4,197,874 4,297,957 4,429,536 4,599,654 4,664,733 4,761,585 4,413,561 4,860,542 4,848,201 4,863,351
Accounts payable 747,412 534,429 615,374 591,987 671,513 560,156 504,278 617,202 837,483 643,059 622,931 532,942 656,183 541,298 446,668 545,488 674,347 444,129 442,194 439,496
Accrued expenses and other liabilities 1,803,960 1,838,908 1,908,714 1,718,069 1,514,650 1,803,555 1,596,035 1,817,117 1,449,351 1,413,120 1,125,591 1,291,812 1,102,196 1,259,124 986,595 1,061,090 843,043 1,037,723 750,812 746,268
Deferred revenue 1,442,969 1,306,185 1,311,918 1,262,271 1,264,661 1,176,323 1,224,743 1,239,048 1,209,342 1,182,632 1,187,364 1,140,271 1,117,992 1,040,202 1,029,261 986,753 924,745 915,506 892,777 808,692
Short-term debt 399,844 399,614 399,387 399,163 699,823 699,473 699,128 698,788 499,878 499,517 499,161 498,809
Current liabilities 8,860,655 8,338,718 8,675,805 8,316,070 7,930,974 7,765,924 7,500,022 7,739,656 8,488,966 8,049,246 7,832,888 7,961,770 7,805,785 7,939,795 7,626,418 7,853,725 6,855,696 7,257,900 6,933,984 6,857,807
Non-current content liabilities 2,578,173 2,668,472 2,849,387 2,908,029 3,081,277 2,955,368 2,989,961 2,945,221 3,094,213 2,301,026 2,265,286 2,465,626 2,618,084 2,926,574 3,208,164 3,206,051 3,334,323 3,419,552 3,564,440 3,560,364
Long-term debt 14,143,417 13,900,754 14,070,151 14,037,965 14,353,076 13,888,117 14,233,303 14,534,561 14,693,072 14,793,691 14,926,889 14,860,552 15,809,095 15,547,616 15,294,998 14,170,692 14,759,260 12,425,746 12,594,135 10,305,023
Other non-current liabilities 2,561,434 2,486,215 2,389,915 2,400,085 2,452,040 2,424,637 2,551,675 2,567,427 2,459,164 2,281,277 2,082,035 1,950,986 1,982,155 1,875,235 1,710,948 1,420,148 1,444,276 977,008 973,232 792,380
Non-current liabilities 19,283,024 19,055,441 19,309,453 19,346,079 19,886,393 19,268,122 19,774,939 20,047,209 20,246,449 19,375,994 19,274,210 19,277,164 20,409,334 20,349,425 20,214,110 18,796,891 19,537,859 16,822,306 17,131,807 14,657,767
Total liabilities 28,143,679 27,394,159 27,985,258 27,662,149 27,817,367 27,034,046 27,274,961 27,786,865 28,735,415 27,425,240 27,107,098 27,238,934 28,215,119 28,289,220 27,840,528 26,650,616 26,393,555 24,080,206 24,065,791 21,515,574
Common stock, $0.001 par value 5,145,172 5,011,427 4,874,208 4,762,395 4,637,601 4,473,962 4,316,870 4,155,580 4,024,561 3,852,531 3,721,246 3,600,084 3,447,698 3,303,482 3,127,813 2,935,532 2,793,929 2,677,972 2,566,365 2,439,773
Treasury stock at cost (6,922,200) (4,399,677) (1,876,753) (1,228,920) (824,190) (824,190) (824,190) (824,190) (824,190) (600,022) (500,022)
Accumulated other comprehensive income (loss) (223,945) (155,571) (139,266) (191,695) (217,306) (247,643) (144,476) (74,170) (40,495) (19,835) 9,775 4,137 44,398 (1,147) (34,072) (47,054) (23,521) (41,246) (20,352) (25,600)
Retained earnings 22,589,286 21,651,448 19,974,026 18,486,416 17,181,296 17,126,012 15,727,770 14,286,819 12,689,372 12,081,943 10,632,872 9,279,859 7,573,144 7,030,988 6,241,012 5,520,816 4,811,749 4,224,779 3,559,535 3,288,885
Stockholders’ equity 20,588,313 22,107,627 22,832,215 21,828,196 20,777,401 20,528,141 19,075,974 17,544,039 15,849,248 15,314,617 13,863,871 12,884,080 11,065,240 10,333,323 9,334,753 8,409,294 7,582,157 6,861,505 6,105,548 5,703,058
Total liabilities and stockholders’ equity 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-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).

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 Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 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 Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 not reaching Q2 2023 level.
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 Q2 2023 to Q3 2023 but then increased from Q3 2023 to Q4 2023 exceeding Q2 2023 level.
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 decreased from Q2 2023 to Q3 2023 and from Q3 2023 to Q4 2023.