10-Q
Quarterly Report
Netflix, Inc.
NFLX
NASDAQ
CIK: 1065280
File #: 001-35727
Balance Sheet
41 line items · 2 periods
XBRL
| Item | Sep 30, 2024 | Dec 31, 2023 |
|---|---|---|
Assets | ||
Current assets: | ||
Cash and cash equivalents | 7,457,025,000 | 7,116,913,000 |
Short-term investments | 1,766,902,000 | 20,973,000 |
Other current assets | 2,905,172,000 | 2,780,247,000 |
Total current assets | 12,129,099,000 | 9,918,133,000 |
Content assets, net | 32,175,382,000 | 31,658,056,000 |
Property and equipment, net | 1,568,212,000 | 1,491,444,000 |
Other non-current assets | 6,409,151,000 | 5,664,359,000 |
Total assets | 52,281,844,000 | 48,731,992,000 |
Liabilities and Stockholders’ Equity | ||
Current liabilities: | ||
Current content liabilities | 4,489,971,000 | 4,466,470,000 |
Current Content Liabilities | 4,500,000,000 | 4,500,000,000 |
Accounts payable | 641,953,000 | 747,412,000 |
Accrued expenses and other liabilities | 2,241,758,000 | 1,803,960,000 |
Deferred revenue | 1,513,048,000 | 1,442,969,000 |
Short-term debt | 1,820,396,000 | 399,844,000 |
Total current liabilities | 10,707,126,000 | 8,860,655,000 |
Non-current content liabilities | 1,918,089,000 | 2,578,173,000 |
Non-current Content Liabilities | 1,900,000,000 | 2,600,000,000 |
Long-term debt | 14,160,932,000 | 14,143,417,000 |
Other non-current liabilities | 2,774,961,000 | 2,561,434,000 |
Total liabilities | 29,561,108,000 | 28,143,679,000 |
Stockholders’ equity: | ||
Common stock, $0.001 par value; 4,990,000,000 shares authorized at September 30, 2024 and December 31, 2023; 427,458,114 and 432,759,584 issued and outstanding at September 30, 2024 and December 31, 2023, respectively | 5,887,903,000 | 5,145,172,000 |
Treasury stock at cost (24,784,254 and 16,078,268 shares at September 30, 2024 and December 31, 2023, respectively) | 12,254,855,000 | 6,922,200,000 |
Accumulated other comprehensive loss | (344,622,000) | (223,945,000) |
Retained earnings | 29,432,310,000 | 22,589,286,000 |
Total stockholders’ equity | 22,720,736,000 | 20,588,313,000 |
Common stock and additional paid-in capital: | 5,887,903,000 | 5,145,172,000 |
Treasury stock: | (12,254,855,000) | (6,922,200,000) |
Total | (344,622,000) | (223,945,000) |
Retained earnings: | 29,432,310,000 | 22,589,286,000 |
Amount excluded from assessment of effectiveness and recognized in earnings based on amortization approach | (153,798,000) | (103,922,000) |
Net Investment Hedge Gains (Losses) | (45,400,000) | 0 |
Change in Unrealized Gains (Losses) on Cash Flow Hedges | (206,655,000) | (155,730,000) |
Change in Unrealized Gains (Losses) on Excluded Component of Fair Value Hedges | (1,106,000) | 0 |
Change in Unrealized Gains (Losses) on AFS Securities | 5,566,000 | 0 |
Tax (Expense) Benefit | 56,771,000 | 35,707,000 |
Total liabilities and stockholders’ equity | 52,281,844,000 | 48,731,992,000 |