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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2013
Jun. 30, 2012
Jun. 30, 2013
Jun. 30, 2012
Cash flows from operating activities:        
Net income $ 29,471 $ 6,164 $ 32,160 $ 1,580
Adjustments to reconcile net income to net cash provided by operating activities:        
Additions to streaming content library (593,454) (374,252) (1,185,395) (1,139,145)
Change in streaming content liabilities 7,284 (39,947) 16,984 357,606
Amortization of streaming content library 510,250 375,997 995,990 715,733
Amortization of DVD content library 17,709 16,304 35,946 36,350
Depreciation and amortization of property, equipment and intangibles 12,026 11,047 24,077 22,378
Stock-based compensation expense 17,955 18,450 35,701 37,782
Excess tax benefits from stock-based compensation (20,368) (307) (31,983) (4,062)
Other non-cash items 1,188 (1,579) 2,938 (3,098)
Loss on extinguishment of debt 0 0 25,129 0
Deferred taxes (2,040) 0 (8,788) (10,843)
Changes in operating assets and liabilities:        
Prepaid content 25,190 4,503 27,865 7,497
Other current assets 8,572 (8,077) 170 3,664
Accounts payable (5,138) 316 11,881 (1,440)
Accrued expenses 10,494 6,854 6,362 8,637
Deferred revenue 7,693 2,188 17,099 3,994
Other non-current assets and liabilities 7,111 1,746 15,557 1,883
Net cash provided by operating activities 33,943 19,407 21,693 38,516
Cash flows from investing activities:        
Acquisitions of DVD content library (14,023) (8,012) (35,216) (21,540)
Purchases of property and equipment (8,088) (3,359) (20,206) (8,125)
Other assets 1,087 3,132 5,137 4,466
Purchases of short-term investments (146,050) (63,303) (381,673) (362,770)
Proceeds from sale of short-term investments 33,979 48,173 115,207 220,508
Proceeds from maturities of short-term investments 5,410 12,715 9,830 20,990
Net cash used in investing activities (127,685) (10,654) (306,921) (146,471)
Cash flows from financing activities:        
Proceeds from issuance of common stock 28,846 524 67,992 1,748
Proceeds from issuance of debt 0 0 500,000 0
Issuance costs 0 (371) (9,414) (759)
Redemption of debt 0 0 (219,362) 0
Excess tax benefits from stock-based compensation 20,368 307 31,983 4,062
Principal payments of lease financing obligations (255) (577) (658) (1,136)
Net cash provided by (used in) financing activities 48,959 (117) 370,541 3,915
Effect of exchange rate changes on cash and cash equivalents (2,590) (2,377) (4,926) (1,762)
Net (decrease) increase in cash and cash equivalents (47,373) 6,259 80,387 (105,802)
Cash and cash equivalents, beginning of period 418,051 395,992 290,291 508,053
Cash and cash equivalents, end of period $ 370,678 $ 402,251 $ 370,678 $ 402,251