Cash flow Netflix, Inc.

Equities

NFLX

US64110L1061

Internet Services

Real-time Estimate Cboe BZX Other stock markets 18:46:38 13/09/2024 BST			5-day change	1st Jan Change
696.89 ^USD	+1.47%		+4.62%	+43.06%

07:10pm	NETFLIX COM INC : JP Morgan keeps its Buy rating	ZD
12:23pm	Disney TV chief Walden steers company to historic Emmy gains	RE

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Published financial data: NETFLIX, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Revenues	20.16B	25B	29.7B	31.62B	33.72B
Total Revenues	20.16B	25B	29.7B	31.62B	33.72B
Cost of Goods Sold, Total	12.44B	15.28B	17.33B	19.17B	19.72B
Gross Profit	7.72B	9.72B	12.37B	12.45B	14.01B
Selling General & Admin Expenses, Total	3.57B	3.3B	3.9B	4.1B	4.38B
R&D Expenses	1.55B	1.83B	2.27B	2.71B	2.68B
Other Operating Expenses, Total	5.11B	5.13B	6.17B	6.81B	7.05B
Operating Income	2.6B	4.59B	6.19B	5.63B	6.95B
Interest Expense, Total	-626M	-767M	-766M	-706M	-700M
Interest And Investment Income	77M	41.56M	8.21M	55.31M	244M
Net Interest Expenses	-549M	-726M	-757M	-651M	-456M
Currency Exchange Gains (Loss)	7M	-660M	403M	282M	-293M
EBT, Excl. Unusual Items	2.06B	3.2B	5.84B	5.26B	6.21B
EBT, Incl. Unusual Items	2.06B	3.2B	5.84B	5.26B	6.21B
Income Tax Expense	195M	438M	724M	772M	797M
Earnings From Continuing Operations	1.87B	2.76B	5.12B	4.49B	5.41B
Net Income to Company	1.87B	2.76B	5.12B	4.49B	5.41B
Net Income - (IS)	1.87B	2.76B	5.12B	4.49B	5.41B
Net Income to Common Incl Extra Items	1.87B	2.76B	5.12B	4.49B	5.41B
Net Income to Common Excl. Extra Items	1.87B	2.76B	5.12B	4.49B	5.41B
Per Share Items
Net EPS - Basic	4.26	6.26	11.55	10.1	12.25
Basic EPS - Continuing Operations	4.26	6.26	11.55	10.1	12.25
Basic Weighted Average Shares Outstanding	438M	441M	443M	445M	442M
Net EPS - Diluted	4.13	6.08	11.24	9.95	12.03
Diluted EPS - Continuing Operations	4.13	6.08	11.24	9.95	12.03
Diluted Weighted Average Shares Outstanding	452M	454M	455M	451M	449M
Normalized Basic EPS	2.94	4.54	8.24	7.4	8.78
Normalized Diluted EPS	2.85	4.4	8.02	7.29	8.63
American Depositary Receipts Ratio (ADR)	0.02	0.02	0.02	0.02	0.02
Supplemental Items
EBITDA	2.71B	4.7B	6.4B	5.97B	7.31B
EBITA	2.6B	4.59B	6.19B	5.63B	6.95B
EBIT	2.6B	4.59B	6.19B	5.63B	6.95B
EBITDAR	2.94B	4.82B	6.95B	6.58B	7.95B
Effective Tax Rate - (Ratio)	9.47	13.69	12.39	14.67	12.85
Current Domestic Taxes	66.73M	90.04M	167M	230M	1.04B
Current Foreign Taxes	223M	278M	357M	677M	305M
Total Current Taxes	290M	368M	524M	907M	1.34B
Deferred Domestic Taxes	-82.51M	107M	186M	-83.12M	-468M
Deferred Foreign Taxes	-12.23M	-36.85M	13.28M	-51.4M	-74.74M
Total Deferred Taxes	-94.74M	70.07M	200M	-135M	-543M
Normalized Net Income	1.29B	2B	3.65B	3.29B	3.88B
Interest on Long-Term Debt	614M	749M	747M	698M	698M
Supplemental Operating Expense Items
Advertising Expense	1.88B	1.45B	1.67B	1.59B	1.73B
Marketing Expenses	773M	781M	876M	945M	926M
Selling and Marketing Expenses	2.65B	2.23B	2.55B	2.53B	2.66B
General and Administrative Expenses	914M	1.08B	1.35B	1.57B	1.72B
Research And Development Expense From Footnotes	1.55B	1.83B	2.27B	2.71B	2.68B
Net Rental Expense, Total	230M	117M	543M	608M	639M
Imputed Operating Lease Interest Expense	86.18M	41.19M	181M	196M	211M
Imputed Operating Lease Depreciation	144M	75.81M	361M	412M	428M
Stock-Based Comp., Other (Total)	405M	415M	403M	575M	339M
Total Stock-Based Compensation	405M	415M	403M	575M	339M

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Cash And Equivalents	5.02B	8.21B	6.03B	5.15B	7.12B
Short Term Investments	-	-	-	911M	20.97M
Total Cash And Short Term Investments	5.02B	8.21B	6.03B	6.06B	7.14B
Accounts Receivable, Total	454M	611M	804M	989M	1.29B
Other Receivables	525M	-	-	-	555M
Total Receivables	979M	611M	804M	989M	1.84B
Prepaid Expenses	181M	203M	324M	393M	409M
Deferred Tax Assets Current	-	-	-	-	-
Restricted Cash	-	-	-	3.41M	1.47M
Other Current Assets, Total	-	742M	914M	1.82B	528M
Total Current Assets	6.18B	9.76B	8.07B	9.27B	9.92B
Gross Property Plant And Equipment	2.51B	3.49B	4.39B	4.38B	4.42B
Accumulated Depreciation	-416M	-495M	-616M	-754M	-855M
Net Property Plant And Equipment	2.1B	3B	3.77B	3.63B	3.57B
Long-term Investments	-	-	-	-	-
Other Intangibles, Total	14.7B	13.75B	13.8B	12.73B	12.72B
Deferred Tax Assets Long-Term	658M	589M	148M	262M	1B
Other Long-Term Assets, Total	10.34B	12.18B	18.8B	22.71B	21.52B
Total Assets	33.98B	39.28B	44.58B	48.59B	48.73B
Liabilities
Accounts Payable, Total	674M	656M	837M	672M	747M
Accrued Expenses, Total	652M	846M	1.13B	1.16B	1.28B
Current Portion of Long-Term Debt	-	500M	700M	-	400M
Current Portion of Leases	191M	256M	315M	356M	383M
Unearned Revenue Current, Total	925M	1.12B	1.21B	1.26B	1.44B
Other Current Liabilities	4.41B	4.43B	4.29B	4.48B	4.61B
Total Current Liabilities	6.86B	7.81B	8.49B	7.93B	8.86B
Long-Term Debt	14.76B	15.81B	14.69B	14.35B	14.14B
Long-Term Leases	1.42B	1.95B	2.41B	2.22B	2.05B
Other Non Current Liabilities	3.36B	2.65B	3.14B	3.31B	3.09B
Total Liabilities	26.39B	28.22B	28.74B	27.82B	28.14B
Common Stock, Total	2.79B	3.45B	4.02B	4.64B	5.15B
Additional Paid In Capital	-	-	-	-	-
Retained Earnings	4.81B	7.57B	12.69B	17.18B	22.59B
Treasury Stock	-	-	-824M	-824M	-6.92B
Comprehensive Income and Other	-23.52M	44.4M	-40.5M	-217M	-224M
Total Common Equity	7.58B	11.07B	15.85B	20.78B	20.59B
Total Equity	7.58B	11.07B	15.85B	20.78B	20.59B
Total Liabilities And Equity	33.98B	39.28B	44.58B	48.59B	48.73B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	439M	443M	444M	445M	433M
ECS Total Common Shares Outstanding	439M	443M	444M	445M	433M
Book Value / Share	17.28	24.98	35.7	46.65	47.57
Tangible Book Value	-7.12B	-2.68B	2.05B	8.04B	7.87B
Tangible Book Value Per Share	-16.23	-6.06	4.62	18.06	18.18
Total Debt	16.37B	18.51B	18.12B	16.93B	16.97B
Net Debt	11.35B	10.31B	12.09B	10.87B	9.84B
Debt Equivalent Oper. Leases	1.84B	936M	4.34B	4.87B	5.11B
Account Code - Inventory Valuation	3	3	3	3	3
Land - (BS)	6.12M	50.7M	82.38M	85M	88.43M
Buildings, Total	33.14M	42.72M	48.12M	52.11M	151M
Machinery, Total	243M	255M	283M	296M	254M
Full Time Employees	8.6K	9.4K	11.3K	12.8K	13K
Part Time Employees	-	-	-	-	-

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	1.87B	2.76B	5.12B	4.49B	5.41B
Depreciation & Amortization - CF	104M	116M	208M	337M	357M
Depreciation & Amortization, Total	104M	116M	208M	337M	357M
Amortization of Deferred Charges, Total - (CF)	9.22B	10.81B	12.23B	14.03B	14.2B
Stock-Based Compensation (CF)	405M	415M	403M	575M	339M
Tax Benefit from Stock Options	-	-	-	-	-
Other Operating Activities, Total	-14.52B	-11.64B	-17.32B	-16.65B	-12.91B
Change In Accounts Payable	96.06M	-41.6M	145M	-159M	93.5M
Change in Unearned Revenues	164M	193M	91.35M	27.36M	179M
Change in Other Net Operating Assets	-217M	-184M	-478M	-627M	-388M
Cash from Operations	-2.89B	2.43B	393M	2.03B	7.27B
Capital Expenditure	-253M	-498M	-525M	-408M	-349M
Cash Acquisitions	-	-	-788M	-757M	-
Sale (Purchase) of Intangible assets	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	-	-	-	-911M	890M
Other Investing Activities, Total	-134M	-7.43M	-26.92M	-	-
Cash from Investing	-387M	-505M	-1.34B	-2.08B	542M
Long-Term Debt Issued, Total	4.47B	1.01B	-	-	-
Total Debt Issued	4.47B	1.01B	-	-	-
Long-Term Debt Repaid, Total	-	-	-500M	-700M	-
Total Debt Repaid	-	-	-500M	-700M	-
Issuance of Common Stock	72.49M	235M	174M	35.75M	170M
Repurchase of Common Stock	-	-	-824M	-	-6.05B
Other Financing Activities, Total	-36.13M	-7.56M	-	-	-75.45M
Cash from Financing	4.51B	1.24B	-1.15B	-664M	-5.95B
Foreign Exchange Rate Adjustments	469K	36.05M	-86.74M	-170M	82.68M
Net Change in Cash	1.23B	3.2B	-2.18B	-885M	1.95B
Supplemental Items
Cash Interest Paid	599M	763M	763M	702M	685M
Cash Income Tax Paid (Refund)	401M	292M	509M	812M	1.15B
Levered Free Cash Flow	15.63B	13.21B	15.65B	16.54B	19.38B
Unlevered Free Cash Flow	16.02B	13.69B	16.13B	16.99B	19.82B
Change In Net Working Capital	-4.92B	11.35M	61.72M	1.06B	-930M
Net Debt Issued / Repaid	4.47B	1.01B	-500M	-700M	-

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	5.43	7.82	9.23	7.56	8.93
Return on Total Capital	8.23	10.71	12.19	9.82	11.55
Return On Equity %	29.12	29.62	38.02	24.53	26.15
Return on Common Equity	29.12	29.62	38.02	24.53	26.15
Margin Analysis
Gross Profit Margin %	38.28	38.88	41.64	39.37	41.54
SG&A Margin	17.7	13.22	13.12	12.98	12.98
EBITDA Margin %	13.43	18.81	21.56	18.88	21.68
EBITA Margin %	12.92	18.34	20.86	17.82	20.62
EBIT Margin %	12.92	18.34	20.86	17.82	20.62
Income From Continuing Operations Margin %	9.26	11.05	17.23	14.21	16.04
Net Income Margin %	9.26	11.05	17.23	14.21	16.04
Net Avail. For Common Margin %	9.26	11.05	17.23	14.21	16.04
Normalized Net Income Margin	6.39	8	12.29	10.41	11.5
Levered Free Cash Flow Margin	77.52	52.87	52.69	52.33	57.48
Unlevered Free Cash Flow Margin	79.46	54.79	54.3	53.73	58.78
Asset Turnover
Asset Turnover	0.67	0.68	0.71	0.68	0.69
Fixed Assets Turnover	16.03	9.81	8.78	8.55	9.38
Receivables Turnover (Average Receivables)	49.34	46.93	41.97	35.26	29.63
Short Term Liquidity
Current Ratio	0.9	1.25	0.95	1.17	1.12
Quick Ratio	0.87	1.13	0.8	0.89	1.01
Operating Cash Flow to Current Liabilities	-0.42	0.31	0.05	0.26	0.82
Days Sales Outstanding (Average Receivables)	7.4	7.8	8.7	10.35	12.32
Average Days Payable Outstanding	18.15	15.94	15.73	14.37	13.13
Long Term Solvency
Total Debt/Equity	215.93	167.29	114.31	81.49	82.44
Total Debt / Total Capital	68.35	62.59	53.34	44.9	45.19
LT Debt/Equity	213.42	160.45	107.9	79.78	78.64
Long-Term Debt / Total Capital	67.55	60.03	50.35	43.96	43.1
Total Liabilities / Total Assets	77.68	71.83	64.45	57.24	57.75
EBIT / Interest Expense	4.16	5.97	8.09	7.98	9.94
EBITDA / Interest Expense	4.69	6.28	9.07	9.31	11.36
(EBITDA - Capex) / Interest Expense	4.29	5.63	8.39	8.74	10.86
Total Debt / EBITDA	5.57	3.84	2.61	2.57	2.14
Net Debt / EBITDA	3.86	2.14	1.74	1.65	1.24
Total Debt / (EBITDA - Capex)	6.1	4.28	2.82	2.74	2.23
Net Debt / (EBITDA - Capex)	4.23	2.39	1.88	1.76	1.29
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	27.62	24.01	18.81	6.46	6.67
Gross Profit, 1 Yr. Growth %	32.43	25.96	27.22	0.66	12.54
EBITDA, 1 Yr. Growth %	60.38	73.61	36.2	-6.77	22.47
EBITA, 1 Yr. Growth %	62.24	76.07	35.1	-9.07	23.45
EBIT, 1 Yr. Growth %	62.24	76.07	35.1	-9.07	23.45
Earnings From Cont. Operations, 1 Yr. Growth %	54.13	47.91	85.28	-12.2	20.39
Net Income, 1 Yr. Growth %	54.13	47.91	85.28	-12.2	20.39
Normalized Net Income, 1 Yr. Growth %	68.15	55.14	82.54	-9.87	17.89
Diluted EPS Before Extra, 1 Yr. Growth %