Netflix, Inc. (NFLX) Financial Statements (2024 and earlier)

Company Profile

Business Address 121 ALBRIGHT WAY
LOS GATOS, CA 95032
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 7841 - Video Tape Rental (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in millions)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:6,0826,0288,2065,0183,7942,823
Cash and cash equivalents5,1476,0288,2065,0183,7942,823
Short-term investments911     
Other undisclosed cash, cash equivalents, and short-term investments23     
Receivables598914742525  
Other current assets3,2082,0421,5561,160748536
Other undisclosed current assets(621)(914)(742)(525)5,1514,311
Total current assets:9,2668,0709,7626,1799,6947,670
Noncurrent Assets
Operating lease, right-of-use asset2,2272,4472,0381,532
Property, plant and equipment1,3981,323960565418319
Other noncurrent assets5,1934,2723,1752,727901652
Other undisclosed noncurrent assets30,51028,47323,34622,97314,96110,371
Total noncurrent assets:39,32836,51529,51927,79716,28011,343
TOTAL ASSETS:48,59544,58539,28033,97625,97419,013
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,1862,2871,7581,5171,040675
Accounts payable672837656674563360
Accrued liabilities1,5151,4491,102843477315
Deferred revenue1,2651,2091,118925
Debt 700500191  
Deferred revenue and credits619
Contract with customer, liability761
Other undisclosed current liabilities4,4804,2934,4304,2234,6864,173
Total current liabilities:7,9318,4897,8066,8566,4875,466
Noncurrent Liabilities
Long-term debt and lease obligation14,35317,10217,75516,18210,3606,499
Long-term debt, excluding current maturities14,35314,69315,80914,75910,3606,499
Liabilities, other than long-term debt4,6752,4591,9821,444129135
Other liabilities2,4522,4591,9821,444129135
Operating lease, liability2,2232,4081,9461,423
Other undisclosed noncurrent liabilities8596866721,9123,7593,330
Total noncurrent liabilities:19,88620,24620,40919,53814,2489,964
Total liabilities:27,81728,73528,21526,39420,73615,431
Equity
Equity, attributable to parent20,77715,84911,0657,5825,2393,582
Common stock4,6384,0253,4482,7942,3161,871
Treasury stock, value(824)(824)    
Accumulated other comprehensive income (loss)(217)(40)44(24)(20)(21)
Retained earnings17,18112,6897,5734,8122,9421,731
Total equity:20,77715,84911,0657,5825,2393,582
TOTAL LIABILITIES AND EQUITY:48,59544,58539,28033,97625,97419,013

Income Statement (P&L) ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues31,61629,69824,99620,15615,79411,693
Cost of revenue(19,168)(17,333)(15,276)(12,440)(9,968)(7,660)
Gross profit:12,44712,3659,7207,7165,8274,033
Operating expenses(6,814)(3,897)(3,305)(3,567)(4,852)(4,058)
Other undisclosed operating income (loss)  (2,274)(1,830)(1,545)630864
Operating income:5,6336,1954,5852,6041,605839
Nonoperating income (expense)337411(618)8442(115)
Gain (loss), foreign currency transaction, before tax353431(533)4674(128)
Interest and debt expense(706)(766)(767)(626)(420)(238)
Income from continuing operations before income taxes:5,2645,8403,1992,0621,226485
Income tax expense (benefit)(772)(724)(438)(195)(15)74
Income from continuing operations:4,4925,1162,7611,8671,211559
Income before gain (loss) on sale of properties:5,1162,7611,8671,211559
Net income available to common stockholders, diluted:4,4925,1162,7611,8671,211559

Comprehensive Income ($ in millions)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:4,4925,1162,7611,8671,211559
Other comprehensive income     128
Comprehensive income:4,4925,1162,7611,8671,212587
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(177)(85)68(4)  
Comprehensive income, net of tax, attributable to parent:4,3155,0312,8291,8631,212587

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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