← NETFLIX INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income (Loss) Attributable to Parent | $186.7m | $558.9m | $1.2b | $1.9b | $2.8b | $5.1b | $4.5b | $5.4b | $8.7b | $11.0b | |
| Amortization of content assets | $4.8b | $6.2b | $7.5b | $9.2b | $10.8b | $12.2b | $14.0b | $14.2b | $15.3b | $16.4b | |
| Depreciation and amortization of property, equipment and intangibles | $57.5m | $71.9m | $83.2m | $103.6m | $115.7m | $208.4m | $336.7m | $356.9m | $328.9m | $333.4m | |
| Depreciation, Depletion and Amortization | $57.5m | $71.9m | $83.2m | $103.6m | $115.7m | $208.4m | $336.7m | $356.9m | $328.9m | $333.4m | |
| Deferred Income Tax Expense (Benefit) | ($46.8m) | ($208.7m) | ($85.5m) | ($94.7m) | $70.1m | $199.5m | ($134.5m) | ($543.0m) | ($591.4m) | ($449.1m) | |
| Deferred income taxes | — | ($208.7m) | ($85.5m) | ($94.4m) | $70.1m | $199.5m | ($166.6m) | ($459.4m) | ($590.7m) | ($442.1m) | |
| Payment, Tax Withholding, Share-based Payment Arrangement | — | — | — | — | — | — | — | $0 | $8.3m | $46.2m | |
| Share-based Payment Arrangement, Noncash Expense | $173.7m | $182.2m | $320.7m | $405.4m | $415.2m | $403.2m | $575.5m | $339.4m | $272.6m | $368.4m | |
| Income Tax Expense (Benefit) | $73.8m | ($73.6m) | $15.2m | $195.3m | $438.0m | $723.9m | $772.0m | $797.4m | $1.3b | $1.7b | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $718.7m | $776.5m | |
| Changes in operating assets and liabilities: | |||||||||||
| Additional Financial Items | |||||||||||
| Accounts payable | $32.2m | $74.6m | $199.2m | $96.1m | ($41.6m) | $145.1m | ($158.5m) | $93.5m | $121.4m | ($8.0m) | |
| Accrued expenses and other liabilities | $68.7m | $114.3m | $150.4m | $157.8m | $198.2m | $180.3m | ($55.5m) | $103.6m | $191.9m | $881.2m | |
| Acquisitions | — | — | — | $0 | $0 | ($788.3m) | ($757.4m) | $0 | $0 | ($17.2m) | |
| Additions to content assets | ($8.7b) | ($9.8b) | ($13.0b) | ($13.9b) | ($11.8b) | ($17.7b) | ($16.8b) | ($12.6b) | ($16.2b) | ($17.1b) | |
| Change in content liabilities | $1.8b | $900.0m | $999.9m | ($694.0m) | ($757.4m) | $232.9m | $179.3m | ($585.6m) | ($779.1m) | ($610.8m) | |
| Debt Securities, Available-for-sale, Realized Gain (Loss) | $0 | $140.8m | ($74.0m) | ($45.6m) | $533.3m | ($430.7m) | ($353.1m) | $0 | ($121.5m) | $72.3m | |
| Deferred revenue | $96.8m | $178.0m | $142.3m | $163.8m | $193.2m | $91.3m | $27.4m | $178.7m | $77.8m | $254.9m | |
| Foreign Currency Transaction Gain (Loss), before Tax | $22.8m | ($127.9m) | $74.0m | $45.6m | ($533.3m) | $430.7m | $353.1m | ($176.3m) | $121.5m | ($72.3m) | |
| Foreign currency remeasurement loss (gain) on debt | $0 | $140.8m | ($74.0m) | ($45.6m) | $533.3m | ($430.7m) | ($353.1m) | $176.3m | ($121.5m) | $72.3m | |
| General and Administrative Expense | $577.8m | $863.6m | $630.3m | $914.4m | $1.1b | $1.4b | $1.6b | $1.7b | $1.7b | $1.9b | |
| Increase (Decrease) in Accounts Payable | $32.2m | $74.6m | $199.2m | $96.1m | ($41.6m) | $145.1m | ($158.5m) | $93.5m | $121.4m | ($8.0m) | |
| Nonoperating Income (Expense) | $30.8m | ($115.2m) | $41.7m | $84.0m | ($618.4m) | $411.2m | $337.3m | ($48.8m) | $266.8m | $172.5m | |
| Other current assets | $47.0m | ($234.1m) | ($200.2m) | ($252.1m) | ($187.6m) | ($369.7m) | ($353.8m) | ($181.0m) | $22.2m | ($790.7m) | |
| Other non-cash items | $40.9m | $57.2m | $40.4m | $228.2m | $293.1m | $376.8m | $533.5m | $512.1m | $494.8m | $577.5m | |
| Other non-current assets and liabilities | ($52.3m) | ($73.8m) | $2.1m | ($122.5m) | ($194.1m) | ($289.1m) | ($217.6m) | ($310.9m) | ($446.4m) | ($793.7m) | |
| Proceeds from Stock Options Exercised | $37.0m | $88.4m | $125.0m | $72.0m | $235.0m | $174.0m | $35.7m | $170.0m | $832.9m | $667.0m | |
| Stock-based compensation expense | $173.7m | $182.2m | $320.7m | $405.4m | $415.2m | $403.2m | $575.5m | $339.4m | $272.6m | $368.4m | |
| Net Cash Provided by (Used in) Operating Activities | ($1.5b) | ($1.8b) | ($2.7b) | ($2.9b) | $2.4b | $392.6m | $2.0b | $7.3b | $7.4b | $10.1b | |
| Cash flows from investing activities: | |||||||||||
| Payments to Acquire Property, Plant, and Equipment | $107.7m | $173.3m | $173.9m | $253.0m | $497.9m | $524.6m | $407.7m | $348.6m | $439.5m | $688.2m | |
| Payments to Acquire Businesses, Net of Cash Acquired | — | — | — | — | — | $788.3m | $757.4m | $0 | $0 | $17.2m | |
| Payments to Acquire Investments | — | — | — | — | — | — | — | — | $1.7b | $170.0m | |
| Purchases of investments | — | — | — | — | — | — | ($911.3m) | ($504.9m) | ($1.7b) | ($170.0m) | |
| Proceeds from maturities and sales of investments | — | — | — | — | — | — | $0 | $1.4b | $0 | $1.9b | |
| Payments for (Proceeds from) Other Investing Activities | $941k | $6.7m | $126.6m | $134.0m | $7.4m | $26.9m | $0 | $0 | — | — | |
| Net Cash Provided by (Used in) Investing Activities | $49.8m | $34.3m | ($339.1m) | ($387.1m) | ($505.4m) | ($1.3b) | ($2.1b) | $541.8m | ($2.2b) | $1.0b | |
| Cash flows from financing activities: | |||||||||||
| Proceeds from Issuance of Long-term Debt | $1.0b | $3.0b | $4.0b | $4.5b | $1.0b | $0 | $0 | $0 | $1.8b | $0 | |
| Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale | $140.2m | $22.7m | $0 | $0 | — | — | — | — | — | — | |
| Proceeds from issuance of debt | $1.0b | $3.0b | $4.0b | $4.5b | $1.0b | $0 | $0 | $0 | $1.8b | $0 | |
| Repayments of Long-term Debt | — | — | — | — | — | $500.0m | $700.0m | $0 | $400.0m | $1.8b | |
| Repayments of debt | — | — | — | $0 | $0 | ($500.0m) | ($700.0m) | $0 | ($400.0m) | ($1.8b) | |
| Proceeds from Issuance of Common Stock | $37.0m | $88.4m | $124.5m | $72.5m | $235.4m | $174.4m | $35.7m | $170.0m | $832.9m | $667.0m | |
| Payments for Repurchase of Common Stock | — | — | — | — | — | $600.0m | $0 | $6.0b | $6.3b | $9.1b | |
| Repurchases of common stock | — | — | — | $0 | $0 | ($600.0m) | $0 | ($6.0b) | ($6.3b) | ($9.1b) | |
| Other financing activities | $230k | $255k | ($2.0m) | $0 | $0 | ($224.2m) | $0 | ($75.4m) | ($29.7m) | ($5.8m) | |
| Proceeds from (Payments for) Other Financing Activities | $230k | $255k | ($2.0m) | $0 | $0 | ($224.2m) | $0 | ($75.4m) | ($29.7m) | ($5.8m) | |
| Net Cash Provided by (Used in) Financing Activities | $1.1b | $3.1b | $4.0b | $4.5b | $1.2b | ($1.1b) | ($664.3m) | ($6.0b) | ($4.1b) | ($10.3b) | |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($9.2m) | $29.8m | ($39.7m) | $469k | $36.0m | ($86.7m) | ($170.1m) | $82.7m | ($416.3m) | $386.5m | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | ($9.2m) | $29.8m | ($39.7m) | $469k | $36.0m | ($86.7m) | ($170.1m) | $82.7m | ($416.3m) | $386.5m | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | ($9.2m) | $29.8m | $989.2m | $1.2b | $3.2b | ($2.2b) | ($884.5m) | $1.9b | $688.8m | $1.2b | |
| Net increase in cash, cash equivalents and restricted cash | ($341.8m) | $1.4b | $989.2m | $1.2b | $3.2b | ($2.2b) | ($884.5m) | $1.9b | $688.8m | $1.2b | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | ($9.2m) | $29.8m | $3.8b | $5.0b | $8.2b | $6.1b | $5.2b | $7.1b | $7.8b | $9.0b | |
| Cash, Cash Equivalents, and Short-term Investments | — | — | — | — | — | — | $6.1b | $7.1b | — | — | |
| Cash, cash equivalents and restricted cash, beginning of year | $1.5b | $2.8b | $3.8b | $5.0b | $8.2b | $6.1b | $5.2b | $7.1b | $7.8b | $9.0b | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $138.6m | $213.3m | $375.8m | $599.1m | $762.9m | $763.4m | $701.7m | $684.5m | $674.5m | $718.6m | |
| Income Taxes Paid, Net | $26.8m | $113.6m | $131.1m | $400.7m | $291.6m | $509.3m | $811.7m | $1.2b | $1.6b | $2.2b |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.