Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Netflix Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	5,407,990)	4,491,924)	5,116,228)	2,761,395)	1,866,916)
Additions to content assets	(12,554,703)	(16,839,038)	(17,702,202)	(11,779,284)	(13,916,683)
Change in content liabilities	(585,602)	179,310)	232,898)	(757,433)	(694,011)
Amortization of content assets	14,197,437)	14,026,132)	12,230,367)	10,806,912)	9,216,247)
Depreciation and amortization of property, equipment and intangibles	356,947)	336,682)	208,412)	115,710)	103,579)
Stock-based compensation expense	339,368)	575,452)	403,220)	415,180)	405,376)
Foreign currency remeasurement (gain) loss on debt	176,296)	(353,111)	(430,661)	533,278)	(45,576)
Other non-cash items	512,075)	533,543)	376,777)	293,126)	228,230)
Deferred income taxes	(459,359)	(166,550)	199,548)	70,066)	(94,443)
Other current assets	(181,003)	(353,834)	(369,681)	(187,623)	(252,113)
Accounts payable	93,502)	(158,543)	145,115)	(41,605)	96,063)
Accrued expenses and other liabilities	103,565)	(55,513)	180,338)	198,183)	157,778)
Deferred revenue	178,708)	27,356)	91,350)	193,247)	163,846)
Other non-current assets and liabilities	(310,920)	(217,553)	(289,099)	(194,075)	(122,531)
Changes in operating assets and liabilities	(116,148)	(758,087)	(241,977)	(31,873)	43,043)
Adjustments to reconcile net income to net cash provided by (used in) operating activities	1,866,311)	(2,465,667)	(4,723,618)	(334,318)	(4,754,238)
Net cash provided by (used in) operating activities	7,274,301)	2,026,257)	392,610)	2,427,077)	(2,887,322)
Purchases of property and equipment	(348,552)	(407,729)	(524,585)	(497,923)	(253,035)
Change in other assets	—)	—)	(26,919)	(7,431)	(134,029)
Acquisitions	—)	(757,387)	(788,349)	—)	—)
Purchases of short-term investments	(504,862)	(911,276)	—)	—)	—)
Proceeds from maturities of short-term investments	1,395,165)	—)	—)	—)	—)
Net cash (used in) provided by investing activities	541,751)	(2,076,392)	(1,339,853)	(505,354)	(387,064)
Proceeds from issuance of debt	—)	—)	—)	1,009,464)	4,469,306)
Debt issuance costs	—)	—)	—)	(7,559)	(36,134)
Repayments of debt	—)	(700,000)	(500,000)	—)	—)
Proceeds from issuance of common stock	169,990)	35,746)	174,414)	235,406)	72,490)
Repurchases of common stock	(6,045,347)	—)	(600,022)	—)	—)
Taxes paid related to net share settlement of equity awards	—)	—)	(224,168)	—)	—)
Other financing activities	(75,446)	—)	—)	—)	—)
Net cash provided by (used in) financing activities	(5,950,803)	(664,254)	(1,149,776)	1,237,311)	4,505,662)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	82,684)	(170,140)	(86,740)	36,050)	469)
Net increase (decrease) in cash, cash equivalents and restricted cash	1,947,933)	(884,529)	(2,183,759)	3,195,084)	1,231,745)
Cash, cash equivalents and restricted cash, beginning of year	5,170,582)	6,055,111)	8,238,870)	5,043,786)	3,812,041)
Cash, cash equivalents and restricted cash, end of year	7,118,515)	5,170,582)	6,055,111)	8,238,870)	5,043,786)

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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Cash flow statement item	Description	The company
Net cash provided by (used in) operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Netflix Inc. net cash provided by (used in) operating activities increased from 2021 to 2022 and from 2022 to 2023.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Netflix Inc. net cash (used in) provided by investing activities decreased from 2021 to 2022 but then increased from 2022 to 2023 exceeding 2021 level.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Netflix Inc. net cash provided by (used in) financing activities increased from 2021 to 2022 but then decreased significantly from 2022 to 2023.

Netflix Inc. (NASDAQ:NFLX)

Cash Flow Statement