Netflix Inc. (NFLX)


Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

Beginner level

The balance sheet provides creditors, investors, and analysts with information on company’s resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company’s 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

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Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015 Dec 31, 2014 Sep 30, 2014 Jun 30, 2014 Mar 31, 2014
Current content liabilities 4,860,542  4,848,201  4,863,351  4,686,019  4,613,011  4,541,087  4,466,081  4,173,041  4,142,086  4,095,374  3,861,447  3,632,711  3,497,214  3,242,330  3,145,861  2,789,023  2,622,964  2,556,180  2,425,619  2,117,241  2,074,766  1,858,020  1,844,897 
Accounts payable 444,129  442,194  439,496  562,985  441,427  448,219  436,183  359,555  301,443  273,398  294,831  312,842  285,753  240,458  231,914  253,491  209,365  211,729  190,567  201,581  150,374  137,226  133,883 
Accrued expenses and other liabilities 1,037,723  750,812  746,268  477,417  527,079  392,595  429,431  315,094  331,723  248,871  296,258  197,632  201,232  172,073  181,634  140,389  179,350  150,406  107,323  69,746  70,559  98,548  54,858 
Deferred revenue 915,506  892,777  808,692  760,899  716,723  697,740  673,892  618,622  535,425  505,302  458,693  443,472  427,206  396,976  374,223  346,721  329,739  301,754  285,340  274,586  252,956  241,330  230,015 
Current liabilities 7,257,900  6,933,984  6,857,807  6,487,320  6,298,240  6,079,641  6,005,587  5,466,312  5,310,677  5,122,945  4,911,229  4,586,657  4,411,405  4,051,837  3,933,632  3,529,624  3,341,418  3,220,069  3,008,849  2,663,154  2,548,655  2,335,124  2,263,653 
Non-current content liabilities 3,419,552  3,564,440  3,560,364  3,759,026  3,593,823  3,604,158  3,444,476  3,329,796  3,296,504  3,356,090  3,035,430  2,894,654  2,975,189  2,698,520  2,586,098  2,026,360  1,966,854  1,942,624  1,861,791  1,575,832  1,510,403  1,390,770  1,321,879 
Long-term debt 12,425,746  12,594,135  10,305,023  10,360,058  8,336,586  8,342,067  6,542,373  6,499,432  4,888,783  4,836,502  3,365,431  3,364,311  2,373,966  2,373,085  2,372,218  2,371,362  2,400,000  2,400,000  2,400,000  900,000  900,000  900,000  900,000 
Other non-current liabilities 977,008  973,232  792,380  129,231  127,927  141,071  139,631  135,246  128,215  89,186  73,323  61,188  57,812  54,231  53,093  52,099  40,677  60,093  60,772  59,957  94,397  90,223  84,216 
Non-current liabilities 16,822,306  17,131,807  14,657,767  14,248,315  12,058,336  12,087,296  10,126,480  9,964,474  8,313,502  8,281,778  6,474,184  6,320,153  5,406,967  5,125,836  5,011,409  4,449,821  4,407,531  4,402,717  4,322,563  2,535,789  2,504,800  2,380,993  2,306,095 
Total liabilities 24,080,206  24,065,791  21,515,574  20,735,635  18,356,576  18,166,937  16,132,067  15,430,786  13,624,179  13,404,723  11,385,413  10,906,810  9,818,372  9,177,673  8,945,041  7,979,445  7,748,949  7,622,786  7,331,412  5,198,943  5,053,455  4,716,117  4,569,748 
Common stock, $0.001 par value 2,677,972  2,566,365  2,439,773  2,315,988  2,215,736  2,103,437  1,995,225  1,871,396  1,807,123  1,727,858  1,669,132  1,599,762  1,503,641  1,443,707  1,382,051  1,324,809  1,306,461  1,200,880  1,109,388  1,042,870  987,316  926,585  868,255 
Accumulated other comprehensive income (loss) (41,246) (20,352) (25,600) (19,582) (14,508) (12,427) 4,264  (20,557) (25,362) (31,368) (45,859) (48,565) (36,530) (38,211) (34,401) (43,308) (37,890) (38,120) (43,154) (4,446) 1,645  6,502  4,503 
Retained earnings 4,224,779  3,559,535  3,288,885  2,942,359  2,808,425  2,405,590  2,021,241  1,731,117  1,545,600  1,416,010  1,350,410  1,128,603  1,061,855  1,010,338  969,583  941,925  898,747  869,315  842,980  819,284  735,913  676,618  605,600 
Stockholders’ equity 6,861,505  6,105,548  5,703,058  5,238,765  5,009,653  4,496,600  4,020,730  3,581,956  3,327,361  3,112,500  2,973,683  2,679,800  2,528,966  2,415,834  2,317,233  2,223,426  2,167,318  2,032,075  1,909,214  1,857,708  1,724,874  1,609,705  1,478,358 
Total liabilities and stockholders’ equity 30,941,711  30,171,339  27,218,632  25,974,400  23,366,229  22,663,537  20,152,797  19,012,742  16,951,540  16,517,223  14,359,096  13,586,610  12,347,338  11,593,507  11,262,274  10,202,871  9,916,267  9,654,861  9,240,626  7,056,651  6,778,329  6,325,822  6,048,106 

Based on: 10-Q (filing date: 2019-10-18), 10-Q (filing date: 2019-07-19), 10-Q (filing date: 2019-04-18), 10-K (filing date: 2019-01-29), 10-Q (filing date: 2018-10-18), 10-Q (filing date: 2018-07-18), 10-Q (filing date: 2018-04-18), 10-K (filing date: 2018-01-29), 10-Q (filing date: 2017-10-18), 10-Q (filing date: 2017-07-19), 10-Q (filing date: 2017-04-20), 10-K (filing date: 2017-01-27), 10-Q (filing date: 2016-10-20), 10-Q (filing date: 2016-07-19), 10-Q (filing date: 2016-04-20), 10-K (filing date: 2016-01-28), 10-Q (filing date: 2015-10-16), 10-Q (filing date: 2015-07-17), 10-Q (filing date: 2015-04-17), 10-K (filing date: 2015-01-29), 10-Q (filing date: 2014-10-20), 10-Q (filing date: 2014-07-22), 10-Q (filing date: 2014-04-23).

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.’s current liabilities increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
Non-current liabilities Amount of obligation due after one year or beyond the normal operating cycle, if longer. Netflix Inc.’s non-current liabilities increased from Q1 2019 to Q2 2019 but then slightly decreased from Q2 2019 to Q3 2019.
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.’s total liabilities increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.
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’s 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.’s stockholders’ equity increased from Q1 2019 to Q2 2019 and from Q2 2019 to Q3 2019.