Netflix, Inc. (NFLX) FY2026 Q2 Statement of Cash Flows

Income StatementCash FlowBalance Sheet

Statement of Cash Flows

2026-04-01 to 2026-06-30

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Netflix, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026One connected Sankey reconciles operating, investing and financing net cash flows through a shared cash pool, from beginning cash to ending cash. Ribbons flow left to right on one dollar scale. Activity totals are dark gray; beginning and ending cash are blue. Cash basis for beginning and ending balances and net cash change: Cash, cash equivalents, and restricted cash. Intermediate calculation bars are lighter gray. Net income is green for profit and red for loss. Identified asset purchases, sales and maturities are blue in either cash direction. Orange marks positive customer-advance and deferred-revenue changes that add to operating cash in the reconciliation. These are net changes, not gross customer receipts. Negative changes are neutral reconciliation adjustments; they do not by themselves identify cash payments. Purple identifies capital transactions such as borrowing, repayments, share issuance and dividends. Free cash flow is a separate comparison, not an added cash flow. Read chart description and values below for full signed amounts, including zero items.Net income → Net cash from operating activities: $1,743,812,000.00Net income → Operating adjustments reconciliation: $1,657,602,000.00Amortization of content assets → Operating adjustments reconciliation: $4,311,309,000.00Other non-cash items → Operating adjustments reconciliation: $141,356,000.00Stock-based compensation expense → Operating adjustments reconciliation: $131,312,000.00Other current assets → Operating adjustments reconciliation: $111,713,000.00Depreciation and amortization of property, equipment and intangibles → Operating adjustments reconciliation: $100,530,000.00Deferred income taxes → Operating adjustments reconciliation: $81,260,000.00Deferred revenue → Operating adjustments reconciliation: $54,008,000.00Operating adjustments reconciliation → Additions to content assets: $4,927,523,000.00Operating adjustments reconciliation → Accrued expenses and other liabilities: $1,249,793,000.00Operating adjustments reconciliation → Change in content liabilities: $181,794,000.00Operating adjustments reconciliation → Accounts payable: $157,397,000.00Operating adjustments reconciliation → Other non-current assets and liabilities: $63,770,000.00Operating adjustments reconciliation → Foreign currency remeasurement loss (gain) on debt: $8,813,000.00Net cash used in investing activities → investing reconciliation: $218,644,000.00investing reconciliation → Purchases of property and equipment: $218,644,000.00Net cash used in financing activities → financing reconciliation: $4,669,627,000.00Proceeds from issuance of common stock → financing reconciliation: $59,980,000.00financing reconciliation → Repurchases of common stock: $4,714,403,000.00financing reconciliation → Other financing activities: $8,573,000.00financing reconciliation → Taxes paid related to net share settlement of equity awards: $6,631,000.00Beginning cash: Cash, cash equivalents, and restricted cash → Cash sources and uses: $12,266,873,000.00Net cash from operating activities → Cash sources and uses: $1,743,812,000.00Cash sources and uses → Exchange-rate effect: $19,628,000.00Cash sources and uses → Ending cash: Cash, cash equivalents, and restricted cash: $9,102,786,000.00Cash sources and uses → Net cash used in investing activities: $218,644,000.00Cash sources and uses → Net cash used in financing activities: $4,669,627,000.00Deferred revenue: $54,008,000.00Deferred revenue+$54.01 MDepreciation and amortization of property, equipment and intangibles: $100,530,000.00Depreciation & amortization+$100.53 MChange in content liabilities: -$181,794,000.00Change in content liabilities−$181.79 MNet income: $3,401,414,000.00Net income+$3.40 BForeign currency remeasurement loss (gain) on debt: -$8,813,000.00FX transaction gain & loss−$8.81 MAccrued expenses and other liabilities: -$1,249,793,000.00Accrued liabilities−$1.25 BAmortization of content assets: $4,311,309,000.00Amortization of content assets+$4.31 BDeferred income taxes: $81,260,000.00Deferred income taxes+$81.26 MOther current assets: $111,713,000.00Other current assets+$111.71 MStock-based compensation expense: $131,312,000.00Stock-based compensation+$131.31 MAdditions to content assets: -$4,927,523,000.00Additions to content assets−$4.93 BAccounts payable: -$157,397,000.00Accounts payable−$157.40 MOther non-cash items: $141,356,000.00Other non-cash items+$141.36 MOther non-current assets and liabilities: -$63,770,000.00Other noncurrent items−$63.77 MNet cash from operating activities: $1,743,812,000.00Operating cash+$1.74 BOperating adjustments reconciliation: $6,589,090,000.00Repayments of debt: $0.00Proceeds from issuance of common stock: $59,980,000.00Stock option exercises+$59.98 MRepurchases of common stock: -$4,714,403,000.00Common stock repurchases−$4.71 BTaxes paid related to net share settlement of equity awards: -$6,631,000.00Stock-award tax withholding−$6.63 MOther financing activities: -$8,573,000.00Other financing, net−$8.57 MNet cash used in financing activities: -$4,669,627,000.00. Cash required to fund net payments.Financing cash−$4.67 Bfinancing reconciliation: $4,729,607,000.00Purchases of property and equipment: -$218,644,000.00PP&E purchases−$218.64 MAcquisitions: $0.00Purchases of investments: $0.00Proceeds from maturities and sales of investments: $0.00Other investing activities: $0.00Net cash used in investing activities: -$218,644,000.00. Cash required to fund net payments.Investing cash−$218.64 Minvesting reconciliation: $218,644,000.00Cash sources and uses: $14,010,685,000.00Beginning cash: Cash, cash equivalents, and restricted cash: $12,266,873,000.00Beginning cash$12.27 BEnding cash: Cash, cash equivalents, and restricted cash: $9,102,786,000.00Ending cash$9.10 BExchange-rate effect: -$19,628,000.00FX effect−$19.63 MCASH RECONCILIATIONOperatingflowsInvestingflowsFinancingflowsFree cash flow$1.53 BOperating cash − cash spent on PP&ECash flow / Net income0.51×Operating cash flow ÷ net incomeNet cash change−$3.16 BEnding cash − beginning cash
Chart details

Netflix, Inc. cash flow reconciliation, Apr 1, 2026 through Jun 30, 2026

Cash flows for Apr 1, 2026 through Jun 30, 2026. Cash basis: Cash, cash equivalents, and restricted cash. Beginning cash: Mar 31, 2026. Ending cash: Jun 30, 2026. Beginning and ending cash are dated balances. Positive cash flows add cash; negative cash flows reduce it.

Beginning cash on Mar 31, 2026
12,266,873,000 US dollars. Beginning cash: Cash, cash equivalents, and restricted cash
Operating activities
1,743,812,000 US dollars. Net cash provided.
Net income
3,401,414,000 US dollars
Deferred revenue
54,008,000 US dollars
Depreciation and amortization of property, equipment and intangibles
100,530,000 US dollars
Change in content liabilities
negative 181,794,000 US dollars
Foreign currency remeasurement loss (gain) on debt
negative 8,813,000 US dollars
Accrued expenses and other liabilities
negative 1,249,793,000 US dollars
Amortization of content assets
4,311,309,000 US dollars
Deferred income taxes
81,260,000 US dollars
Other current assets
111,713,000 US dollars
Stock-based compensation expense
131,312,000 US dollars
Additions to content assets
negative 4,927,523,000 US dollars
Accounts payable
negative 157,397,000 US dollars
Other non-cash items
141,356,000 US dollars
Other non-current assets and liabilities
negative 63,770,000 US dollars
Investing activities
negative 218,644,000 US dollars. Net cash used.
Purchases of property and equipment
negative 218,644,000 US dollars
Acquisitions
0 US dollars
Purchases of investments
0 US dollars
Proceeds from maturities and sales of investments
0 US dollars
Other investing activities
0 US dollars
Financing activities
negative 4,669,627,000 US dollars. Net cash used.
Repayments of debt
0 US dollars
Proceeds from issuance of common stock
59,980,000 US dollars
Repurchases of common stock
negative 4,714,403,000 US dollars
Taxes paid related to net share settlement of equity awards
negative 6,631,000 US dollars
Other financing activities
negative 8,573,000 US dollars
Operating adjustment reconciliation
6,589,090,000 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
4,729,607,000 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
218,644,000 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
negative 19,628,000 US dollars
Ending cash on Jun 30, 2026
9,102,786,000 US dollars. Ending cash: Cash, cash equivalents, and restricted cash
Cash sources and uses
14,010,685,000 US dollars. Opening cash plus net sources, equal to net uses plus ending cash.
Net cash change
negative 3,164,087,000 US dollars. Ending cash minus beginning cash.
Cash flow / Net income
0.51×. 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
1,743,812,000 US dollars. Operating cash flow used in the free cash flow calculation.
Cash purchases of property, plant and equipment
218,644,000 US dollars. These cash purchases are already included in investing activities above.
Free cash flow
1,525,168,000 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 $1.74B of net income directly to operating cash and $1.66B 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: 1,743,812,000 US dollars minus 218,644,000 US dollars equals 1,525,168,000 US dollars.
Netflix, Inc. (NFLX) FY2026 Q2 Statement of Cash Flows Sankey chart
Free to share unchanged, with credit to Plicit.ai · CC BY-NC-ND 4.0Download PNG

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