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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Cash flows from operating activities:        
Net income $ 71,018 $ 29,471 $ 124,133 $ 32,160
Adjustments to reconcile net income to net cash provided by operating activities:        
Additions to streaming content library (813,314) (593,454) (1,562,713) (1,185,395)
Change in streaming content liabilities 78,359 7,284 120,603 16,984
Amortization of streaming content library 639,037 510,250 1,239,772 995,990
Amortization of DVD content library 16,923 17,709 33,044 35,946
Depreciation and amortization of property, equipment and intangibles 12,977 12,026 25,359 24,077
Stock-based compensation expense 29,285 17,955 55,110 35,701
Excess tax benefits from stock-based compensation (14,628) (20,368) (47,360) (31,983)
Other non-cash items 3,251 1,188 5,447 2,938
Loss on extinguishment of debt 0 0 0 25,129
Deferred taxes (16,569) (2,040) (29,672) (8,788)
Changes in operating assets and liabilities:        
Other current assets (20,685) 33,762 14,381 28,035
Accounts payable (3,086) (5,138) 19,726 11,881
Accrued expenses 59,008 10,494 58,566 6,362
Deferred revenue 11,315 7,693 25,563 17,099
Other non-current assets and liabilities 3,133 7,111 10,424 15,557
Net cash provided by operating activities 56,024 33,943 92,383 21,693
Cash flows from investing activities:        
Acquisition of DVD content library (20,981) (14,023) (35,895) (35,216)
Purchases of property and equipment (19,869) (8,088) (33,203) (20,206)
Other assets 1,129 1,087 1,424 5,137
Purchases of short-term investments (170,908) (146,050) (231,454) (381,673)
Proceeds from sale of short-term investments 89,662 33,979 232,710 115,207
Proceeds from maturities of short-term investments 92,014 5,410 95,104 9,830
Net cash (used in) provided by investing activities (28,953) (127,685) 28,686 (306,921)
Cash flows from financing activities:        
Proceeds from issuance of common stock 14,469 28,846 46,917 67,992
Proceeds from issuance of debt 0 0 400,000 500,000
Issuance costs (353) 0 (7,080) (9,414)
Redemption of debt 0 0 0 (219,362)
Excess tax benefits from stock-based compensation 14,628 20,368 47,360 31,983
Principal payments of lease financing obligations (271) (255) (538) (658)
Net cash provided by financing activities 28,473 48,959 486,659 370,541
Effect of exchange rate changes on cash and cash equivalents 1,250 (2,590) 1,551 (4,926)
Net increase (decrease) in cash and cash equivalents 56,794 (47,373) 609,279 80,387
Cash and cash equivalents, beginning of period 1,157,450 418,051 604,965 290,291
Cash and cash equivalents, end of period $ 1,214,244 $ 370,678 $ 1,214,244 $ 370,678