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Consolidated Statements Of Cash Flows (USD $)
In Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Cash flows from operating activities:        
Net income $ 59,295 $ 31,822 $ 183,428 $ 63,982
Adjustments to reconcile net income to net cash (used in) provided by operating activities:        
Additions to streaming content library (1,202,484) (878,314) (2,765,197) (2,063,709)
Change in streaming content liabilities 346,752 310,191 467,355 327,175
Amortization of streaming content library 686,154 553,394 1,925,926 1,549,384
Amortization of DVD content library 18,269 17,546 51,313 53,492
Depreciation and amortization of property, equipment and intangibles 14,357 11,452 39,716 35,529
Stock-based compensation expense 29,878 18,477 84,988 54,178
Excess tax benefits from stock-based compensation (21,060) (20,492) (68,420) (52,475)
Other non-cash items 3,360 1,994 8,807 4,932
Loss on extinguishment of debt 0 0 0 25,129
Deferred taxes (7,892) (2,424) (37,564) (11,212)
Changes in operating assets and liabilities:        
Other current assets 12,960 9,920 27,341 37,955
Accounts payable 13,003 (5,877) 32,729 6,004
Accrued expenses (6,980) (11,451) 51,586 (5,089)
Deferred revenue 11,626 9,252 37,189 26,351
Other non-current assets and liabilities 5,323 (10,797) 15,747 4,760
Net cash (used in) provided by operating activities (37,439) 34,693 54,944 56,386
Cash flows from investing activities:        
Acquisition of DVD content library (15,530) (15,471) (51,425) (50,687)
Purchases of property and equipment (21,032) (10,828) (54,235) (31,034)
Other assets 341 (1,329) 1,765 3,808
Purchases of short-term investments (123,883) (116,116) (355,337) (497,789)
Proceeds from sale of short-term investments 107,568 81,185 340,278 196,392
Proceeds from maturities of short-term investments 32,125 48,890 127,229 58,720
Net cash (used in) provided by investing activities (20,411) (13,669) 8,275 (320,590)
Cash flows from financing activities:        
Proceeds from issuance of common stock 9,877 25,561 56,794 93,553
Proceeds from issuance of debt 0 0 400,000 500,000
Issuance costs 0 0 (7,080) (9,414)
Redemption of debt 0 0 0 (219,362)
Excess tax benefits from stock-based compensation 21,060 20,492 68,420 52,475
Principal payments of lease financing obligations (275) (258) (813) (916)
Net cash provided by financing activities 30,662 45,795 517,321 416,336
Effect of exchange rate changes on cash and cash equivalents (3,839) 1,559 (2,288) (3,367)
Net (decrease) increase in cash and cash equivalents (31,027) 68,378 578,252 148,765
Cash and cash equivalents, beginning of period 1,214,244 370,678 604,965 290,291
Cash and cash equivalents, end of period $ 1,183,217 $ 439,056 $ 1,183,217 $ 439,056