Netflix, Inc. (NFLX) FY2024 Q3 Statement of Cash Flows
2024-07-01 to 2024-09-30
Statement of Cash Flows
2024-07-01 to 2024-09-30
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Chart details
Netflix, Inc. cash flow reconciliation, Jul 1, 2024 through Sep 30, 2024
Cash flows for Jul 1, 2024 through Sep 30, 2024. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Jun 30, 2024. Ending cash: Sep 30, 2024. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.
- Beginning cash on Jun 30, 2024
- 6,627,045,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
- Operating activities
- 2,321,101,000 US dollars. Net cash provided.
- Net income
- 2,363,509,000 US dollars
- Deferred revenue
- 39,328,000 US dollars
- Depreciation and amortization of property, equipment and intangibles
- 80,914,000 US dollars
- Change in content liabilities
- negative 83,585,000 US dollars
- Foreign currency remeasurement loss (gain) on debt
- 104,809,000 US dollars
- Accrued expenses and other liabilities
- 179,011,000 US dollars
- Amortization of content assets
- 3,699,521,000 US dollars
- Deferred income taxes
- negative 200,982,000 US dollars
- Other current assets
- 54,956,000 US dollars
- Stock-based compensation expense
- 65,650,000 US dollars
- Additions to content assets
- negative 4,016,396,000 US dollars
- Accounts payable
- 30,597,000 US dollars
- Other non-cash items
- 128,082,000 US dollars
- Other non-current assets and liabilities
- negative 124,313,000 US dollars
- Investing activities
- negative 1,869,109,000 US dollars. Net cash used.
- Proceeds from maturities of investments
- 0 US dollars
- Purchases of property and equipment
- negative 126,863,000 US dollars
- Purchases of investments
- negative 1,742,246,000 US dollars
- Financing activities
- 226,596,000 US dollars. Net cash provided.
- Repurchases of common stock
- negative 1,700,000,000 US dollars
- Proceeds from issuance of debt
- 1,794,460,000 US dollars
- Repayments of debt
- 0 US dollars
- Taxes paid related to net share settlement of equity awards
- negative 2,024,000 US dollars
- Other financing activities
- negative 9,084,000 US dollars
- Proceeds from issuance of common stock
- 143,244,000 US dollars
- Operating adjustment reconciliation
- 4,425,276,000 US dollars. Intermediate calculation joining the operating reconciliation branches. Its gross amount includes any portion of net income routed through this junction. It is not an additional cash source or use.
- financing gross reconciliation
- 1,937,704,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- investing gross reconciliation
- 1,869,109,000 US dollars. Gross amount at the activity's junction before offsetting its receipts and deductions. It is not an additional cash source or use.
- Exchange-rate effect
- 153,452,000 US dollars
- Ending cash on Sep 30, 2024
- 7,459,085,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
- Cash sources and uses
- 9,328,194,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
- Net cash change
- 832,040,000 US dollars. Ending cash minus beginning cash.
- Cash flow / Net income
- 0.98×. Operating cash flow divided by reconciliation net income for the same period. Black from 0.90× through 1.10×; green above 1.10×; red below 0.90×. Color uses the unrounded ratio.
- Operating cash flow
- 2,321,101,000 US dollars. Operating cash flow used in the free cash flow calculation.
- Cash purchases of property, plant and equipment
- 126,863,000 US dollars. These cash purchases are already included in investing activities above.
- Free cash flow
- 2,194,238,000 US dollars. A supplemental measure; finance-lease payments are excluded from this definition.
Chart connections
- Beginning cash plus operating, investing and financing cash flows plus the exchange-rate effect equals ending cash. Negative amounts reduce cash.
- Financing contributions meet at a reconciliation junction before connecting to the net cash total.
- Investing contributions meet at a reconciliation junction before connecting to the net cash total.
- Operating reconciliation adjustments are not all independent cash receipts.
- Net income exceeds operating cash. The diagram allocates $2.32B of net income directly to operating cash and $42.41M to the adjustment junction, where it combines with other additions to reconcile deductions. This is an accounting presentation, not a tracing of cash receipts.
- Each activity has one net cash bar connected to the shared cash pool. Positive activity totals enter the pool; negative activity totals leave the pool to fund that activity's net payments. The central pool does not assign a particular funding source to a particular payment.
- The intermediate calculation bars include both sides of the displayed activity breakdowns; they are not additional cash flows.
- Operating cash flow minus cash purchases of property, plant and equipment equals free cash flow: 2,321,101,000 US dollars minus 126,863,000 US dollars equals 2,194,238,000 US dollars.
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