NETFLIX INC
For the period ended Dec 31, 2023. Filed Jan 26, 2024.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Jan 26, 2024
NFLX$63.26-1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
(in thousands)
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| Cash flows from operating activities: | |||
| Net income | $5,407,990 | $4,491,924 | $5,116,228 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Additions to content assets | (12,554,703) | (16,839,038) | (17,702,202) |
| Change in content liabilities | (585,602) | 179,310 | 232,898 |
| Amortization of content assets | 14,197,437 | 14,026,132 | 12,230,367 |
| Depreciation and amortization of property, equipment and intangibles | 356,947 | 336,682 | 208,412 |
| Stock-based compensation expense | 339,368 | 575,452 | 403,220 |
| Foreign currency remeasurement loss (gain) on debt | 176,296 | (353,111) | (430,661) |
| Other non-cash items | 512,075 | 533,543 | 376,777 |
| Deferred income taxes | (459,359) | (166,550) | 199,548 |
| Changes in operating assets and liabilities: | |||
| Other current assets | (181,003) | (353,834) | (369,681) |
| Accounts payable | 93,502 | (158,543) | 145,115 |
| Accrued expenses and other liabilities | 103,565 | (55,513) | 180,338 |
| Deferred revenue | 178,708 | 27,356 | 91,350 |
| Other non-current assets and liabilities | (310,920) | (217,553) | (289,099) |
| Net cash provided by operating activities | 7,274,301 | 2,026,257 | 392,610 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (348,552) | (407,729) | (524,585) |
| Change in other assets | — | — | (26,919) |
| 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 provided by (used in) investing activities | 541,751 | (2,076,392) | (1,339,853) |
| Cash flows from financing activities: | |||
| Repayments of debt | — | (700,000) | (500,000) |
| Proceeds from issuance of common stock | 169,990 | 35,746 | 174,414 |
| 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 used in financing activities | (5,950,803) | (664,254) | (1,149,776) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 82,684 | (170,140) | (86,740) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 1,947,933 | (884,529) | (2,183,759) |
| Cash, cash equivalents and restricted cash, beginning of year | 5,170,582 | 6,055,111 | 8,238,870 |
| Cash, cash equivalents and restricted cash, end of year | $7,118,515 | $5,170,582 | $6,055,111 |
| Supplemental disclosure: | |||
| Income taxes paid | $1,154,973 | $811,720 | $509,265 |
| Interest paid | 684,504 | 701,693 | 763,432 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.