NETFLIX INC
For the period ended Dec 31, 2024. Filed Jan 27, 2025.
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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.
FY2024 · Filed Jan 27, 2025
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, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| Cash flows from operating activities: | |||
| Net income | $8,711,631 | $5,407,990 | $4,491,924 |
| Adjustments to reconcile net income to net cash provided by operating activities: | |||
| Additions to content assets | (16,223,617) | (12,554,703) | (16,839,038) |
| Change in content liabilities | (779,135) | (585,602) | 179,310 |
| Amortization of content assets | 15,301,517 | 14,197,437 | 14,026,132 |
| Depreciation and amortization of property, equipment and intangibles | 328,914 | 356,947 | 336,682 |
| Stock-based compensation expense | 272,588 | 339,368 | 575,452 |
| Foreign currency remeasurement loss (gain) on debt | (121,539) | 176,296 | (353,111) |
| Other non-cash items | 494,778 | 512,075 | 533,543 |
| Deferred income taxes | (590,698) | (459,359) | (166,550) |
| Changes in operating assets and liabilities: | |||
| Other current assets | 22,180 | (181,003) | (353,834) |
| Accounts payable | 121,353 | 93,502 | (158,543) |
| Accrued expenses and other liabilities | 191,899 | 103,565 | (55,513) |
| Deferred revenue | 77,844 | 178,708 | 27,356 |
| Other non-current assets and liabilities | (446,351) | (310,920) | (217,553) |
| Net cash provided by operating activities | 7,361,364 | 7,274,301 | 2,026,257 |
| Cash flows from investing activities: | |||
| Purchases of property and equipment | (439,538) | (348,552) | (407,729) |
| Acquisitions | — | — | (757,387) |
| Purchases of investments | (1,742,246) | (504,862) | (911,276) |
| Proceeds from maturities of investments | — | 1,395,165 | — |
| Net cash provided by (used in) investing activities | (2,181,784) | 541,751 | (2,076,392) |
| Cash flows from financing activities: | |||
| Proceeds from issuance of debt | 1,794,460 | — | — |
| Repayments of debt | (400,000) | — | (700,000) |
| Proceeds from issuance of common stock | 832,887 | 169,990 | 35,746 |
| Repurchases of common stock | (6,263,746) | (6,045,347) | — |
| Taxes paid related to net share settlement of equity awards | (8,285) | — | — |
| Other financing activities | (29,743) | (75,446) | — |
| Net cash used in financing activities | (4,074,427) | (5,950,803) | (664,254) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (416,331) | 82,684 | (170,140) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | 688,822 | 1,947,933 | (884,529) |
| Cash, cash equivalents and restricted cash, beginning of year | 7,118,515 | 5,170,582 | 6,055,111 |
| Cash, cash equivalents and restricted cash, end of year | $7,807,337 | $7,118,515 | $5,170,582 |
| Supplemental disclosure: | |||
| Income taxes paid | $1,641,530 | $1,154,973 | $811,720 |
| Interest paid | 674,502 | 684,504 | 701,693 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.