NETFLIX INC
For the period ended Mar 31, 2024. Filed Apr 22, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed Apr 22, 2024
NFLX$63.26-1.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| Three Months Ended | ||
|---|---|---|
| March 31,2024 | March 31,2023 | |
| Cash flows from operating activities: | ||
| Net income | $2,332,209 | $1,305,120 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Additions to content assets | (3,728,967) | (2,458,666) |
| Change in content liabilities | (189,441) | (354,791) |
| Amortization of content assets | 3,670,805 | 3,459,984 |
| Depreciation and amortization of property, equipment and intangibles | 87,234 | 90,335 |
| Stock-based compensation expense | 76,345 | 99,099 |
| Foreign currency remeasurement loss (gain) on debt | (130,801) | 80,651 |
| Other non-cash items | 97,181 | 120,008 |
| Deferred income taxes | (107,077) | (98,782) |
| Changes in operating assets and liabilities: | ||
| Other current assets | 38,049 | (88,522) |
| Accounts payable | (145,265) | (89,668) |
| Accrued expenses and other liabilities | 251,782 | 185,299 |
| Deferred revenue | 26,515 | (2,390) |
| Other non-current assets and liabilities | (66,047) | (68,937) |
| Net cash provided by operating activities | 2,212,522 | 2,178,740 |
| Cash flows from investing activities: | ||
| Purchases of property and equipment | (75,714) | (62,019) |
| Purchases of short-term investments | — | (201,634) |
| Net cash used in investing activities | (75,714) | (263,653) |
| Cash flows from financing activities: | ||
| Repayments of debt | (400,000) | — |
| Proceeds from issuance of common stock | 268,881 | 26,028 |
| Repurchases of common stock | (2,000,000) | (400,101) |
| Taxes paid related to net share settlement of equity awards | (1,825) | — |
| Net cash used in financing activities | (2,132,944) | (374,073) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (95,790) | 26,423 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (91,926) | 1,567,437 |
| Cash, cash equivalents and restricted cash at beginning of period | 7,118,515 | 5,170,582 |
| Cash, cash equivalents and restricted cash at end of period | $7,026,589 | $6,738,019 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.