10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001065280-23-000120 |
| Period End Date | 20230331 |
| Filing Date | 20230421 |
| Fiscal Year | 2023 |
| Fiscal Period | Q1 |
| XBRL Instance | nflx-20230331_htm.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
62 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Common stock, par value (in USD per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, par value (in USD per share) |
CommonStockParOrStatedValuePerShare
|
$0.00 | USD | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
4.99B | shares | Point-in-time |
| Common stock, shares authorized (in shares) |
CommonStockSharesAuthorized
|
4.99B | shares | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
445.35M | shares | Point-in-time |
| Common stock, shares issued (in shares) |
CommonStockSharesIssued
|
444.54M | shares | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$5.15B | USD | Point-in-time |
| Cash and cash equivalents |
CashAndCashEquivalentsAtCarryingValue
|
$6.71B | USD | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
444.54M | shares | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$1.11B | USD | Point-in-time |
| Common stock, shares outstanding (in shares) |
CommonStockSharesOutstanding
|
445.35M | shares | Point-in-time |
| Short-term investments |
ShortTermInvestments
|
$911.28M | USD | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$3.21B | USD | Point-in-time |
| Treasury stock (in shares) |
TreasuryStockCommonShares
|
1.56M | shares | Point-in-time |
| Other current assets |
OtherAssetsCurrent
|
$2.66B | USD | Point-in-time |
| Treasury stock (in shares) |
TreasuryStockCommonShares
|
2.79M | shares | Point-in-time |
| Total current assets |
AssetsCurrent
|
$9.27B | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$10.48B | USD | Point-in-time |
| Content assets, net |
ContentAssetsNetNoncurrent
|
$32.74B | USD | Point-in-time |
| Content assets, net |
ContentAssetsNetNoncurrent
|
$32.35B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.41B | USD | Point-in-time |
| Property and equipment, net |
PropertyPlantAndEquipmentNet
|
$1.40B | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$5.25B | USD | Point-in-time |
| Other non-current assets |
OtherAssetsNoncurrent
|
$5.19B | USD | Point-in-time |
| Total assets |
Assets
|
$48.59B | USD | Point-in-time |
| Total assets |
Assets
|
$49.49B | USD | Point-in-time |
| Current content liabilities |
ContentLiabilitiesCurrent
|
$4.48B | USD | Point-in-time |
| Current content liabilities |
ContentLiabilitiesCurrent
|
$4.34B | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$671.51M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$591.99M | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrent
|
$1.51B | USD | Point-in-time |
| Accrued expenses and other liabilities |
AccruedLiabilitiesCurrent
|
$1.72B | USD | Point-in-time |
| Deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$1.26B | USD | Point-in-time |
| Deferred revenue |
ContractWithCustomerLiabilityCurrent
|
$1.26B | USD | Point-in-time |
| Short-term debt |
ShortTermBorrowings
|
$399.16M | USD | Point-in-time |
| Short-term debt |
ShortTermBorrowings
|
- | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$7.93B | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$8.32B | USD | Point-in-time |
| Non-current content liabilities |
ContentLiabilitiesNoncurrent
|
$3.08B | USD | Point-in-time |
| Non-current content liabilities |
ContentLiabilitiesNoncurrent
|
$2.91B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$14.04B | USD | Point-in-time |
| Long-term debt |
LongTermDebtNoncurrent
|
$14.35B | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$2.45B | USD | Point-in-time |
| Other non-current liabilities |
OtherLiabilitiesNoncurrent
|
$2.40B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$27.82B | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$27.66B | USD | Point-in-time |
| Commitments and contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 7) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Common stock, $0.001 par value; 4,990,000,000 shares authorized at March 31, 2023 and December 31, 2022; 444,536,878 and 445,346,776 issued and outstanding at March 31, 2023 and December 31, 2022, respectively |
CommonStockValue
|
$4.64B | USD | Point-in-time |
| Common stock, $0.001 par value; 4,990,000,000 shares authorized at March 31, 2023 and December 31, 2022; 444,536,878 and 445,346,776 issued and outstanding at March 31, 2023 and December 31, 2022, respectively |
CommonStockValue
|
$4.76B | USD | Point-in-time |
| Treasury stock at cost (2,786,534 and 1,564,478 shares at March 31, 2023 and December 31, 2022, respectively) |
TreasuryStockCommonValue
|
$1.23B | USD | Point-in-time |
| Treasury stock at cost (2,786,534 and 1,564,478 shares at March 31, 2023 and December 31, 2022, respectively) |
TreasuryStockCommonValue
|
$824.19M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-191.69M | USD | Point-in-time |
| Accumulated other comprehensive loss |
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
$-217.31M | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$17.18B | USD | Point-in-time |
| Retained earnings |
RetainedEarningsAccumulatedDeficit
|
$18.49B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$15.85B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$21.83B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$20.78B | USD | Point-in-time |
| Total stockholders equity |
StockholdersEquity
|
$17.54B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$49.49B | USD | Point-in-time |
| Total liabilities and stockholders equity |
LiabilitiesAndStockholdersEquity
|
$48.59B | USD | Point-in-time |
Income Statement
30 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Revenues |
Revenues
|
$8.16B | USD | 1 Quarter |
| Revenues |
Revenues
|
$7.87B | USD | 1 Quarter |
| Cost of revenues |
CostOfRevenue
|
$4.28B | USD | 1 Quarter |
| Cost of revenues |
CostOfRevenue
|
$4.80B | USD | 1 Quarter |
| Marketing |
MarketingExpense
|
$555.98M | USD | 1 Quarter |
| Marketing |
MarketingExpense
|
$555.36M | USD | 1 Quarter |
| Technology and development |
ResearchAndDevelopmentExpense
|
$657.53M | USD | 1 Quarter |
| Technology and development |
ResearchAndDevelopmentExpense
|
$687.27M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$400.92M | USD | 1 Quarter |
| General and administrative |
GeneralAndAdministrativeExpense
|
$397.93M | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$1.71B | USD | 1 Quarter |
| Operating income |
OperatingIncomeLoss
|
$1.97B | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$187.58M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$174.24M | USD | 1 Quarter |
| Interest and other income (expense) |
NonoperatingIncomeExpense
|
$-71.20M | USD | 1 Quarter |
| Interest and other income (expense) |
NonoperatingIncomeExpense
|
$195.65M | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.47B | USD | 1 Quarter |
| Income before income taxes |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$1.98B | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$382.25M | USD | 1 Quarter |
| Provision for income taxes |
IncomeTaxExpenseBenefit
|
$163.75M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.31B | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.60B | USD | 1 Quarter |
| Basic (in USD per share) |
EarningsPerShareBasic
|
$2.93 | USD | 1 Quarter |
| Basic (in USD per share) |
EarningsPerShareBasic
|
$3.60 | USD | 1 Quarter |
| Diluted (in USD per share) |
EarningsPerShareDiluted
|
$3.53 | USD | 1 Quarter |
| Diluted (in USD per share) |
EarningsPerShareDiluted
|
$2.88 | USD | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
444.15M | shares | 1 Quarter |
| Basic (in shares) |
WeightedAverageNumberOfSharesOutstandingBasic
|
445.24M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
452.98M | shares | 1 Quarter |
| Diluted (in shares) |
WeightedAverageNumberOfDilutedSharesOutstanding
|
452.42M | shares | 1 Quarter |
Cash Flow Statement
58 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$1.31B | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.60B | USD | 1 Quarter |
| Additions to content assets |
AdditionstoStreamingContentAssets
|
$3.58B | USD | 1 Quarter |
| Additions to content assets |
AdditionstoStreamingContentAssets
|
$2.46B | USD | 1 Quarter |
| Change in content liabilities |
ChangeInStreamingContentLiabilities
|
$-347.15M | USD | 1 Quarter |
| Change in content liabilities |
ChangeInStreamingContentLiabilities
|
$-354.79M | USD | 1 Quarter |
| Amortization of content assets |
CostofServicesAmortizationofStreamingContentAssets
|
$3.46B | USD | 1 Quarter |
| Amortization of content assets |
CostofServicesAmortizationofStreamingContentAssets
|
$3.17B | USD | 1 Quarter |
| Depreciation and amortization of property, equipment and intangibles |
DepreciationDepletionAndAmortization
|
$74.60M | USD | 1 Quarter |
| Depreciation and amortization of property, equipment and intangibles |
DepreciationDepletionAndAmortization
|
$90.33M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$99.10M | USD | 1 Quarter |
| Stock-based compensation expense |
ShareBasedCompensation
|
$119.21M | USD | 1 Quarter |
| Foreign currency remeasurement loss (gain) on debt |
ForeignCurrencyTransactionGainLossBeforeTax
|
$-80.65M | USD | 1 Quarter |
| Foreign currency remeasurement loss (gain) on debt |
ForeignCurrencyTransactionGainLossBeforeTax
|
$161.82M | USD | 1 Quarter |
| Other non-cash items |
OtherNoncashIncomeExpense
|
$-101.97M | USD | 1 Quarter |
| Other non-cash items |
OtherNoncashIncomeExpense
|
$-120.01M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefitIncludingReclassifications
|
$-68.91M | USD | 1 Quarter |
| Deferred income taxes |
DeferredIncomeTaxExpenseBenefitIncludingReclassifications
|
$-98.78M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$88.52M | USD | 1 Quarter |
| Other current assets |
IncreaseDecreaseInOtherCurrentAssets
|
$-41.16M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-89.67M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-215.44M | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$185.30M | USD | 1 Quarter |
| Accrued expenses and other liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$350.76M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$-2.39M | USD | 1 Quarter |
| Deferred revenue |
IncreaseDecreaseInContractWithCustomerLiability
|
$16.74M | USD | 1 Quarter |
| Other non-current assets and liabilities |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$167.93M | USD | 1 Quarter |
| Other non-current assets and liabilities |
IncreaseDecreaseInOtherNoncurrentAssetsAndLiabilitiesNet
|
$68.94M | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$2.18B | USD | 1 Quarter |
| Net cash provided by operating activities |
NetCashProvidedByUsedInOperatingActivities
|
$922.84M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$121.16M | USD | 1 Quarter |
| Purchases of property and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$62.02M | USD | 1 Quarter |
| Acquisitions |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
$124.52M | USD | 1 Quarter |
| Acquisitions |
PaymentsToAcquireBusinessesNetOfCashAcquired
|
- | USD | 1 Quarter |
| Purchases of short-term investments |
PaymentsToAcquireShortTermInvestments
|
- | USD | 1 Quarter |
| Purchases of short-term investments |
PaymentsToAcquireShortTermInvestments
|
$201.63M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-245.68M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivities
|
$-263.65M | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfLongTermDebt
|
- | USD | 1 Quarter |
| Repayments of debt |
RepaymentsOfLongTermDebt
|
$700.00M | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromStockOptionsExercised
|
$26.03M | USD | 1 Quarter |
| Proceeds from issuance of common stock |
ProceedsFromStockOptionsExercised
|
$13.68M | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
- | USD | 1 Quarter |
| Repurchases of common stock |
PaymentsForRepurchaseOfCommonStock
|
$400.10M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-686.32M | USD | 1 Quarter |
| Net cash used in financing activities |
NetCashProvidedByUsedInFinancingActivities
|
$-374.07M | USD | 1 Quarter |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$26.42M | USD | 1 Quarter |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash |
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$-11.45M | USD | 1 Quarter |
| Net increase (decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$1.57B | USD | 1 Quarter |
| Net increase (decrease) in cash, cash equivalents and restricted cash |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
$-20.61M | USD | 1 Quarter |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.17B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.03B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.06B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at beginning of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.74B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$5.17B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.03B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.06B | USD | Point-in-time |
| Cash, cash equivalents and restricted cash at end of period |
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
$6.74B | USD | Point-in-time |
Stockholders Equity
11 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Beginning Balance |
StockholdersEquity
|
$15.85B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$21.83B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$20.78B | USD | Point-in-time |
| Beginning Balance |
StockholdersEquity
|
$17.54B | USD | Point-in-time |
| Repurchases of common stock to be held as treasury stock |
TreasuryStockValueAcquiredCostMethod
|
$400.00M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.31B | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.60B | USD | 1 Quarter |
| Ending Balance |
StockholdersEquity
|
$15.85B | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$21.83B | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$20.78B | USD | Point-in-time |
| Ending Balance |
StockholdersEquity
|
$17.54B | USD | Point-in-time |
Comprehensive Income
6 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income |
NetIncomeLoss
|
$1.31B | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$1.60B | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$-33.67M | USD | 1 Quarter |
| Foreign currency translation adjustments |
OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent
|
$25.61M | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$1.56B | USD | 1 Quarter |
| Comprehensive income |
ComprehensiveIncomeNetOfTax
|
$1.33B | USD | 1 Quarter |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.