10-Q
Quarterly Report
Netflix, Inc.
NFLX
NASDAQ
CIK: 1065280
File #: 001-35727
Balance Sheet
40 line items · 2 periods
XBRL
| Item | Jun 30, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 6,624,939,000 | 7,116,913,000 |
Short-term investments | 30,973,000 | 20,973,000 |
Other current assets | 2,959,641,000 | 2,780,247,000 |
Total current assets | 9,615,553,000 | 9,918,133,000 |
Content assets, net | 31,927,355,000 | 31,658,056,000 |
Property and equipment, net | 1,510,958,000 | 1,491,444,000 |
Other non-current assets | 6,045,029,000 | 5,664,359,000 |
Total assets | 49,098,895,000 | 48,731,992,000 |
Liabilities and Stockholders’ Equity | ||
Current liabilities: | ||
Current content liabilities | 4,391,437,000 | 4,466,470,000 |
Current Content Liabilities | 4,400,000,000 | 4,500,000,000 |
Accounts payable | 598,557,000 | 747,412,000 |
Accrued expenses and other liabilities | 1,876,244,000 | 1,803,960,000 |
Deferred revenue | 1,473,720,000 | 1,442,969,000 |
Short-term debt | 1,800,041,000 | 399,844,000 |
Total current liabilities | 10,139,999,000 | 8,860,655,000 |
Non-current content liabilities | 2,028,782,000 | 2,578,173,000 |
Non-current Content Liabilities | 2,000,000,000 | 2,600,000,000 |
Long-term debt | 12,180,024,000 | 14,143,417,000 |
Other non-current liabilities | 2,637,397,000 | 2,561,434,000 |
Total liabilities | 26,986,202,000 | 28,143,679,000 |
Stockholders’ equity: | ||
Common stock, $0.001 par value; 4,990,000,000 shares authorized at June 30, 2024 and December 31, 2023; 429,164,615 and 432,759,584 issued and outstanding at June 30, 2024 and December 31, 2023, respectively | 5,680,061,000 | 5,145,172,000 |
Treasury stock at cost (22,229,834 and 16,078,268 shares at June 30, 2024 and December 31, 2023, respectively) | 10,547,055,000 | 6,922,200,000 |
Accumulated other comprehensive loss | (89,114,000) | (223,945,000) |
Retained earnings | 27,068,801,000 | 22,589,286,000 |
Total stockholders’ equity | 22,112,693,000 | 20,588,313,000 |
Common stock and additional paid-in capital: | 5,680,061,000 | 5,145,172,000 |
Treasury stock: | (10,547,055,000) | (6,922,200,000) |
Total | (89,114,000) | (223,945,000) |
Retained earnings: | 27,068,801,000 | 22,589,286,000 |
Foreign Currency Translation Adjustments | (249,600,000) | (103,922,000) |
Net Investment Hedge Gains (Losses) | (3,400,000) | 0 |
Change in Unrealized Gains (Losses) on Cash Flow Hedges | 211,631,000 | (155,730,000) |
Tax (Expense) Benefit on Cash Flow Hedges | (48,525,000) | 35,707,000 |
Tax (Expense) Benefit on Net Investment Hedges | 780,000 | 0 |
Total liabilities and stockholders’ equity | 49,098,895,000 | 48,731,992,000 |