Netflix, Inc. (NFLX) Financial Statements (2023 and Earlier)

Company Profile

Business Address 100 WINCHESTER CIRCLE
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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments6,0288,2065,0183,7942,8231,734
Cash and cash equivalents6,0288,2065,0183,7942,8231,468
Short-term investments     266
Receivables914742525   
Other current assets2,0421,5561,160748536260
Other undisclosed current assets(914)(742)(525)5,1514,3113,726
Total current assets:8,0709,7626,1799,6947,6705,720
Noncurrent Assets
Operating lease, right-of-use asset2,4472,0381,532
Property, plant and equipment1,323960565418319250
Other noncurrent assets4,2723,1752,727901652341
Other undisclosed noncurrent assets28,47323,34622,97314,96110,3717,275
Total noncurrent assets:36,51529,51927,79716,28011,3437,866
TOTAL ASSETS:44,58539,28033,97625,97419,01313,587
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities2,2871,7581,5171,040675510
Accounts payable837656674563360313
Accrued liabilities1,4491,102843477315198
Deferred revenue1,2091,118925
Debt700500191   
Deferred revenue and credits619443
Contract with customer, liability761
Other undisclosed current liabilities4,2934,4304,2234,6864,1733,633
Total current liabilities:8,4897,8066,8566,4875,4664,587
Noncurrent Liabilities
Long-term debt and lease obligation17,10217,75516,18210,3606,4993,364
Long-term debt, excluding current maturities14,69315,80914,75910,3606,4993,364
Operating lease, liability2,4081,9461,423
Liabilities, other than long-term debt2,4591,9821,44412913561
Other liabilities2,4591,9821,44412913561
Other undisclosed noncurrent liabilities6866721,9123,7593,3302,895
Total noncurrent liabilities:20,24620,40919,53814,2489,9646,320
Total liabilities:28,73528,21526,39420,73615,43110,907
Stockholders' equity
Stockholders' equity attributable to parent15,84911,0657,5825,2393,5822,680
Common stock4,0253,4482,7942,3161,8711,600
Treasury stock, value(824)     
Accumulated other comprehensive income (loss)(40)44(24)(20)(21)(49)
Retained earnings12,6897,5734,8122,9421,7311,129
Total stockholders' equity:15,84911,0657,5825,2393,5822,680
TOTAL LIABILITIES AND EQUITY:44,58539,28033,97625,97419,01313,587

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues29,69824,99620,15615,79411,6938,831
Cost of revenue(17,333)(15,276)(12,440)(9,968)(7,660)(6,030)
Gross profit:12,3659,7207,7165,8274,0332,801
Operating expenses(3,897)(3,305)(3,567)(4,852)(4,058)(2,999)
Other undisclosed operating income (loss)(2,274)(1,830)(1,545)630864578
Operating income:6,1954,5852,6041,605839380
Nonoperating income (expense)411(618)8442(115)31
Foreign currency transaction gain (loss), before tax431(533)4674(128)23
Interest and debt expense(766)(767)(626)(420)(238)(150)
Income from continuing operations before income taxes:5,8403,1992,0621,226485261
Income tax expense (benefit)(724)(438)(195)(15)74(74)
Net income available to common stockholders, diluted:5,1162,7611,8671,211559187

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:5,1162,7611,8671,211559187
Other comprehensive income (loss)   128(5)
Comprehensive income:5,1162,7611,8671,212587181
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(85)68(4)   
Comprehensive income, net of tax, attributable to parent:5,0312,8291,8631,212587181

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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