Stock Analysis on Net

Netflix Inc. (NASDAQ:NFLX)

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

Microsoft Excel LibreOffice Calc
12 months ended: Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Net income 5,116,228  2,761,395  1,866,916  1,211,242  558,929 
Additions to content assets (17,702,202) (11,779,284) (13,916,683) (13,043,437) (9,805,763)
Change in content liabilities 232,898  (757,433) (694,011) 999,880  900,006 
Amortization of content assets 12,230,367  10,806,912  9,216,247  7,532,088  6,197,817 
Depreciation and amortization of property, equipment and intangibles 208,412  115,710  103,579  83,157  71,911 
Stock-based compensation expense 403,220  415,180  405,376  320,657  182,209 
Foreign currency remeasurement (gain) loss on debt (430,661) 533,278  (45,576) (73,953) 140,790 
Other non-cash items 376,777  293,126  228,230  81,640  117,864 
Deferred income taxes 199,548  70,066  (94,443) (85,520) (208,688)
Other current assets (369,681) (187,623) (252,113) (200,192) (234,090)
Accounts payable 145,115  (41,605) 96,063  199,198  74,559 
Accrued expenses and other liabilities 180,338  198,183  157,778  150,422  114,337 
Deferred revenue 91,350  193,247  163,846  142,277  177,974 
Other non-current assets and liabilities (289,099) (194,075) (122,531) 2,062  (73,803)
Changes in operating assets and liabilities (241,977) (31,873) 43,043  293,767  58,977 
Adjustments to reconcile net income to net cash provided by (used in) operating activities (4,723,618) (334,318) (4,754,238) (3,891,721) (2,344,877)
Net cash provided by (used in) operating activities 392,610  2,427,077  (2,887,322) (2,680,479) (1,785,948)
Purchases of property and equipment (524,585) (497,923) (253,035) (173,946) (173,302)
Change in other assets (26,919) (7,431) (134,029) (165,174) (60,409)
Acquisitions (788,349) —  —  —  — 
Purchases of short-term investments —  —  —  —  (74,819)
Proceeds from sale of short-term investments —  —  —  —  320,154 
Proceeds from maturities of short-term investments —  —  —  —  22,705 
Net cash (used in) provided by investing activities (1,339,853) (505,354) (387,064) (339,120) 34,329 
Proceeds from issuance of debt —  1,009,464  4,469,306  3,961,852  3,020,510 
Debt issuance costs —  (7,559) (36,134) (35,871) (32,153)
Repayments of debt (500,000) —  —  —  — 
Proceeds from issuance of common stock 174,414  235,406  72,490  124,502  88,378 
Repurchases of common stock (600,022) —  —  —  — 
Taxes paid related to net share settlement of equity awards (224,168) —  —  —  — 
Other financing activities —  —  —  (1,956) 255 
Net cash provided by (used in) financing activities (1,149,776) 1,237,311  4,505,662  4,048,527  3,076,990 
Effect of exchange rate changes on cash, cash equivalents and restricted cash (86,740) 36,050  469  (39,682) 29,848 
Net increase (decrease) in cash, cash equivalents and restricted cash (2,183,759) 3,195,084  1,231,745  989,246  1,355,219 
Cash, cash equivalents and restricted cash, beginning of year 8,238,870  5,043,786  3,812,041  2,822,795  1,467,576 
Cash, cash equivalents and restricted cash, end of year 6,055,111  8,238,870  5,043,786  3,812,041  2,822,795 

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).

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 2019 to 2020 but then slightly decreased from 2020 to 2021.
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 2019 to 2020 and from 2020 to 2021.
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 decreased from 2019 to 2020 and from 2020 to 2021.