Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Revenues
Adjustments to Reported Income

Netflix Inc., adjusted total assets

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	48,731,992)	48,594,768)	44,584,663)	39,280,359)	33,975,712)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax assets (classified as Other non-current assets)²	1,000,760)	261,541)	148,095)	589,091)	658,206)
After Adjustment
Adjusted total assets	47,731,232)	48,333,227)	44,436,568)	38,691,268)	33,317,506)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² Deferred tax assets (classified as Other non-current assets). See details »

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Netflix Inc., adjusted current liabilities

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current liabilities	8,860,655)	7,930,974)	8,488,966)	7,805,785)	6,855,696)
Adjustments
Less: Current deferred revenue	1,442,969)	1,264,661)	1,209,342)	1,117,992)	924,745)
After Adjustment
Adjusted current liabilities	7,417,686)	6,666,313)	7,279,624)	6,687,793)	5,930,951)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Netflix Inc., adjusted total liabilities

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	28,143,679)	27,817,367)	28,735,415)	28,215,119)	26,393,555)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred tax liabilities (classified as Other non-current liabilities)²	126,210)	—)	—)	—)	—)
Less: Deferred revenue	1,442,969)	1,264,661)	1,209,342)	1,117,992)	924,745)
After Adjustment
Adjusted total liabilities	26,574,500)	26,552,706)	27,526,073)	27,097,127)	25,468,810)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred tax liabilities (classified as Other non-current liabilities). See details »

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Netflix Inc., adjusted stockholders’ equity

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Stockholders’ equity	20,588,313)	20,777,401)	15,849,248)	11,065,240)	7,582,157)
Adjustments
Less: Net deferred tax assets (liabilities)¹	874,550)	261,541)	148,095)	589,091)	658,206)
Add: Deferred revenue	1,442,969)	1,264,661)	1,209,342)	1,117,992)	924,745)
After Adjustment
Adjusted stockholders’ equity	21,156,732)	21,780,521)	16,910,495)	11,594,141)	7,848,696)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Net deferred tax assets (liabilities). See details »

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Netflix Inc., adjusted capitalization table

US$ in thousands

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Short-term debt	399,844)	—)	699,823)	499,878)	—)
Long-term debt	14,143,417)	14,353,076)	14,693,072)	15,809,095)	14,759,260)
Total reported debt	14,543,261)	14,353,076)	15,392,895)	16,308,973)	14,759,260)
Stockholders’ equity	20,588,313)	20,777,401)	15,849,248)	11,065,240)	7,582,157)
Total reported capital	35,131,574)	35,130,477)	31,242,143)	27,374,213)	22,341,417)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Current operating lease liabilities (included in Accrued expenses and other liabilities)²	383,312)	355,985)	315,189)	256,222)	190,622)
Add: Non-current operating lease liabilities (included in Other non-current liabilities)³	2,046,801)	2,222,503)	2,408,486)	1,945,631)	1,422,612)
Adjusted total debt	16,973,374)	16,931,564)	18,116,570)	18,510,826)	16,372,494)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	874,550)	261,541)	148,095)	589,091)	658,206)
Add: Deferred revenue	1,442,969)	1,264,661)	1,209,342)	1,117,992)	924,745)
Adjusted stockholders’ equity	21,156,732)	21,780,521)	16,910,495)	11,594,141)	7,848,696)
After Adjustment
Adjusted total capital	38,130,106)	38,712,085)	35,027,065)	30,104,967)	24,221,190)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Current operating lease liabilities (included in Accrued expenses and other liabilities). See details »

³ Non-current operating lease liabilities (included in Other non-current liabilities). See details »

⁴ Net deferred tax assets (liabilities). See details »

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Netflix Inc., adjusted revenues

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Revenues	33,723,297)	31,615,550)	29,697,844)	24,996,056)	20,156,447)
Adjustment
Add: Increase (decrease) in deferred revenue	178,308)	55,319)	91,350)	193,247)	163,846)
After Adjustment
Adjusted revenues	33,901,605)	31,670,869)	29,789,194)	25,189,303)	20,320,293)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Netflix Inc., adjusted net income

US$ in thousands

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income	5,407,990)	4,491,924)	5,116,228)	2,761,395)	1,866,916)
Adjustments
Add: Deferred income tax expense (benefit)¹	(542,978)	(134,527)	199,519)	70,066)	(94,739)
Add: Increase (decrease) in deferred revenue	178,308)	55,319)	91,350)	193,247)	163,846)
Add: Other comprehensive income (loss)	(6,639)	(176,811)	(84,893)	67,919)	(3,939)
After Adjustment
Adjusted net income	5,036,681)	4,235,905)	5,322,204)	3,092,627)	1,932,084)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Deferred income tax expense (benefit). See details »

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Netflix Inc. (NASDAQ:NFLX)

Adjustments to Financial Statements

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Revenues

Adjustments to Reported Income