Cash Flow Statement

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

Netflix Inc., consolidated cash flow statement

US$ in thousands

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	8,711,631)	5,407,990)	4,491,924)	5,116,228)	2,761,395)
Additions to content assets	(16,223,617)	(12,554,703)	(16,839,038)	(17,702,202)	(11,779,284)
Change in content liabilities	(779,135)	(585,602)	179,310)	232,898)	(757,433)
Amortization of content assets	15,301,517)	14,197,437)	14,026,132)	12,230,367)	10,806,912)
Depreciation and amortization of property, equipment and intangibles	328,914)	356,947)	336,682)	208,412)	115,710)
Stock-based compensation expense	272,588)	339,368)	575,452)	403,220)	415,180)
Foreign currency remeasurement (gain) loss on debt	(121,539)	176,296)	(353,111)	(430,661)	533,278)
Other non-cash items	494,778)	512,075)	533,543)	376,777)	293,126)
Deferred income taxes	(590,698)	(459,359)	(166,550)	199,548)	70,066)
Other current assets	22,180)	(181,003)	(353,834)	(369,681)	(187,623)
Accounts payable	121,353)	93,502)	(158,543)	145,115)	(41,605)
Accrued expenses and other liabilities	191,899)	103,565)	(55,513)	180,338)	198,183)
Deferred revenue	77,844)	178,708)	27,356)	91,350)	193,247)
Other non-current assets and liabilities	(446,351)	(310,920)	(217,553)	(289,099)	(194,075)
Changes in operating assets and liabilities	(33,075)	(116,148)	(758,087)	(241,977)	(31,873)
Adjustments to reconcile net income to net cash provided by operating activities	(1,350,267)	1,866,311)	(2,465,667)	(4,723,618)	(334,318)
Net cash provided by operating activities	7,361,364)	7,274,301)	2,026,257)	392,610)	2,427,077)
Purchases of property and equipment	(439,538)	(348,552)	(407,729)	(524,585)	(497,923)
Change in other assets	—)	—)	—)	(26,919)	(7,431)
Acquisitions	—)	—)	(757,387)	(788,349)	—)
Purchases of short-term investments	(1,742,246)	(504,862)	(911,276)	—)	—)
Proceeds from maturities of investments	—)	1,395,165)	—)	—)	—)
Net cash (used in) provided by investing activities	(2,181,784)	541,751)	(2,076,392)	(1,339,853)	(505,354)
Proceeds from issuance of debt	1,794,460)	—)	—)	—)	1,009,464)
Debt issuance costs	—)	—)	—)	—)	(7,559)
Repayments of debt	(400,000)	—)	(700,000)	(500,000)	—)
Proceeds from issuance of common stock	832,887)	169,990)	35,746)	174,414)	235,406)
Repurchases of common stock	(6,263,746)	(6,045,347)	—)	(600,022)	—)
Taxes paid related to net share settlement of equity awards	(8,285)	—)	—)	(224,168)	—)
Other financing activities	(29,743)	(75,446)	—)	—)	—)
Net cash provided by (used in) financing activities	(4,074,427)	(5,950,803)	(664,254)	(1,149,776)	1,237,311)
Effect of exchange rate changes on cash, cash equivalents and restricted cash	(416,331)	82,684)	(170,140)	(86,740)	36,050)
Net increase (decrease) in cash, cash equivalents and restricted cash	688,822)	1,947,933)	(884,529)	(2,183,759)	3,195,084)
Cash, cash equivalents and restricted cash, beginning of year	7,118,515)	5,170,582)	6,055,111)	8,238,870)	5,043,786)
Cash, cash equivalents and restricted cash, end of year	7,807,337)	7,118,515)	5,170,582)	6,055,111)	8,238,870)

Based on: 10-K (reporting date: 2024-12-31), 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).

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Cash flow statement item	Description	The company
Net cash provided by operating activities	Amount of cash inflow (outflow) from operating activities, excluding discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities.	Netflix Inc. net cash provided by operating activities increased from 2022 to 2023 and from 2023 to 2024.
Net cash (used in) provided by investing activities	Amount of cash inflow (outflow) of investing activities, excluding discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets.	Netflix Inc. net cash (used in) provided by investing activities increased from 2022 to 2023 but then decreased significantly from 2023 to 2024.
Net cash provided by (used in) financing activities	Amount of cash inflow (outflow) of financing activities, excluding discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit.	Netflix Inc. net cash provided by (used in) financing activities decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.

Netflix Inc. (NASDAQ:NFLX)

Cash Flow Statement