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
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments, including:8,5807,8516,0826,1145,8196,009
Cash and cash equivalents7,6636,7155,1476,1145,8196,009
Short-term investments9141,113911   
Other undisclosed cash, cash equivalents, and short-term investments32323   
Receivables1,2291,1445981,436888845
Other current assets2,9292,6553,2082,7032,0212,089
Other undisclosed current assets(1,233)(1,167)(621)(1,436)(888)(845)
Total current assets:11,50610,4839,2668,8177,8418,098
Noncurrent Assets
Operating lease, right-of-use asset2,1882,1752,2272,2122,3412,484
Property, plant and equipment1,4721,4131,3981,3731,3621,384
Other noncurrent assets5,3185,2455,1934,5954,6154,657
Other undisclosed noncurrent assets30,33330,17430,51030,56630,19228,708
Total noncurrent assets:39,31139,00839,32838,74538,51037,233
TOTAL ASSETS:50,81749,49048,59547,56246,35145,331
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,5242,3102,1862,3642,1002,434
Accounts payable615592672560504617
Accrued liabilities1,9091,7181,5151,8041,5961,817
Deferred revenue1,3121,2621,2651,1761,2251,239
Debt399399    
Other undisclosed current liabilities4,4404,3454,4804,2264,1754,066
Total current liabilities:8,6768,3167,9317,7667,5007,740
Noncurrent Liabilities
Long-term debt and lease obligation14,07014,03814,35316,09816,57216,969
Long-term debt, excluding current maturities14,07014,03814,35313,88814,23314,535
Liabilities, other than long-term debt4,5374,5564,6752,4252,5522,567
Other liabilities2,3902,4002,4522,4252,5522,567
Operating lease, liability2,1472,1552,2232,2102,3392,434
Other undisclosed noncurrent liabilities702753859746651511
Total noncurrent liabilities:19,30919,34619,88619,26819,77520,047
Total liabilities:27,98527,66227,81727,03427,27527,787
Equity
Equity, attributable to parent22,83221,82820,77720,52819,07617,544
Common stock4,8744,7624,6384,4744,3174,156
Treasury stock, value(1,877)(1,229)(824)(824)(824)(824)
Accumulated other comprehensive loss(139)(192)(217)(248)(144)(74)
Retained earnings19,97418,48617,18117,12615,72814,287
Total equity:22,83221,82820,77720,52819,07617,544
TOTAL LIABILITIES AND EQUITY:50,81749,49048,59547,56246,35145,331

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

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Revenues8,1878,1627,8527,9267,9707,868
Cost of revenue(4,673)(4,804)(5,404)(4,789)(4,691)(4,285)
Gross profit:3,5143,3582,4483,1373,2793,583
Operating expenses(1,687)(1,644)(1,898)(1,604)(1,701)(1,611)
Operating income:1,8271,7145501,5331,5781,972
Nonoperating income (expense)27(71)(340)261220196
Gain (loss), foreign currency transaction, before tax(29)(81)(462)348305162
Interest and debt expense(175)(174)(171)(173)(175)(188)
Income from continuing operations before income taxes:1,6791,469391,6221,6231,980
Income tax expense (benefit)(192)(164)16(224)(182)(382)
Income from continuing operations:1,4881,305551,3981,4411,597
Income before gain (loss) on sale of properties:1,3981,4411,597
Net income available to common stockholders, diluted:1,4881,305551,3981,4411,597

Comprehensive Income ($ in millions)

9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
Net income:1,4881,305551,3981,4411,597
Comprehensive income:1,4881,305551,3981,4411,597
Other undisclosed comprehensive income (loss), net of tax, attributable to parent522630(103)(70)(34)
Comprehensive income, net of tax, attributable to parent:1,5401,331861,2951,3711,564

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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