Netflix,Inc.
ConsolidatedStatementsofCashFlows
(unaudited)
(inthousands)
ThreeMonthsEnded TwelveMonthsEnded
December31,
2023
September30,
2023
December31,
2022
December31,
2023
December31,
2022
Cashflowsfromoperatingactivities:
Netincome
$ 937,838 $ 1,677,422 $ 55,284 $ 5,407,990 $ 4,491,924
Adjustmentstoreconcilenetincometonetcashprovidedby
operatingactivities:
Additionstocontentassets
(3,529,191) (2,883,839) (3,985,192) (12,554,703) (16,839,038)
Changeincontentliabilities
49,059 (325,989) 274,364 (585,602) 179,310
Amortizationofcontentassets
3,754,079 3,573,353 3,944,827 14,197,437 14,026,132
Depreciationandamortizationofproperty,equipmentand
intangibles
86,567 90,660 93,387 356,947 336,682
Stock-basedcompensationexpense
82,519 79,720 153,789 339,368 575,452
Foreigncurrencyremeasurementloss(gain)ondebt
239,371 (172,678) 461,681 176,296 (353,111)
Othernon-cashitems
154,896 115,688 123,688 512,075 533,543
Deferredincometaxes
(171,128) (86,277) 75,973 (459,359) (166,550)
Changesinoperatingassetsandliabilities:
Othercurrentassets
(13,198) 103,766 (398,319) (181,003) (353,834)
Accountspayable
213,228 (68,390) 125,074 93,502 (158,543)
Accruedexpensesandotherliabilities
(194,536) (65,029) (379,629) 103,565 (55,513)
Deferredrevenue
137,184 (5,733) 69,409 178,708 27,356
Othernon-currentassetsandliabilities
(83,674) (40,359) (170,478) (310,920) (217,553)
Netcashprovidedbyoperatingactivities
1,663,014 1,992,315 443,858 7,274,301 2,026,257
Cashflowsfrominvestingactivities:
Purchasesofpropertyandequipment
(81,632) (103,929) (111,593) (348,552) (407,729)
Acquisitions
— — (563,990) — (757,387)
Purchasesofshort-terminvestments
— — (911,276) (504,862) (911,276)
Proceedsfrommaturitiesofshort-terminvestments
493,228 400,000 — 1,395,165 —
Netcashprovidedby(usedin)investingactivities
411,596 296,071 (1,586,859) 541,751 (2,076,392)
Cashflowsfromfinancingactivities:
Repaymentsofdebt
— — — — (700,000)
Proceedsfromissuanceofcommonstock
51,427 57,818 6,705 169,990 35,746
Repurchasesofcommonstock
(2,500,000) (2,500,100) — (6,045,347) —
Otherfinancingactivities
(3,700) (32,826) — (75,446) —
Netcashprovidedby(usedin)financingactivities
(2,452,273) (2,475,108) 6,705 (5,950,803) (664,254)
Effectofexchangeratechangesoncash,cashequivalents,and
restrictedcash
139,342 (122,707) 166,564 82,684 (170,140)
Netincrease(decrease)incash,cashequivalents,andrestricted
cash
(238,321) (309,429) (969,732) 1,947,933 (884,529)
Cash,cashequivalentsandrestrictedcashatbeginningof
period
7,356,836 7,666,265 6,140,314 5,170,582 6,055,111
Cash,cashequivalentsandrestrictedcashatendofperiod
$ 7,118,515 $ 7,356,836 $ 5,170,582 $ 7,118,515 $ 5,170,582
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