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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Cash flows from operating activities:        
Net income $ 402,835 $ 129,590 $ 1,077,308 $ 373,412
Adjustments to reconcile net income to net cash used in operating activities:        
Additions to streaming content assets (3,238,717) (2,315,017) (9,259,185) (7,328,104)
Change in streaming content liabilities 65,868 (34,587) 733,227 846,560
Amortization of streaming content assets 1,911,767 1,627,477 5,478,428 4,483,954
Amortization of DVD content assets 9,959 13,259 32,247 48,368
Depreciation and amortization of property, equipment and intangibles 21,161 19,238 59,938 52,838
Stock-based compensation expense 82,316 44,763 231,943 133,679
Other non-cash items 8,962 9,896 31,092 43,081
Foreign currency remeasurement loss (gain) on long-term debt (7,670) 50,830 (52,000) 115,050
Deferred taxes (39,453) (57,090) (71,041) (104,556)
Changes in operating assets and liabilities:        
Other current assets (30,364) (41,399) (111,833) (147,000)
Accounts payable (4,449) 34,029 77,367 10,590
Accrued expenses 134,000 74,006 200,198 119,506
Deferred revenue 18,983 32,947 98,101 94,777
Other non-current assets and liabilities (25,609) (7,549) 28,803 (40,146)
Net cash used in operating activities (690,411) (419,607) (1,445,407) (1,297,991)
Cash flows from investing activities:        
Acquisition of DVD content assets (7,731) (10,217) (31,079) (43,213)
Purchases of property and equipment (39,333) (33,963) (103,826) (151,717)
Change in other assets (121,630) (1,107) (123,857) (2,940)
Purchases of short-term investments 0 (2,799) 0 (74,819)
Proceeds from sale of short-term investments 0 250,278 0 320,154
Proceeds from maturities of short-term investments 0 0 0 22,705
Net cash provided by (used in) investing activities (168,694) 202,192 (258,762) 70,170
Cash flows from financing activities:        
Proceeds from issuance of debt 0 0 1,900,000 1,420,510
Debt issuance costs 0 (312) (16,992) (15,325)
Proceeds from issuance of common stock 29,781 34,669 113,052 73,673
Other financing activities (544) 65 (1,397) 189
Net cash provided by financing activities 29,237 34,422 1,994,663 1,479,047
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (5,562) 10,685 (34,725) 27,667
Net increase (decrease) in cash, cash equivalents, and restricted cash (835,430) (172,308) 255,769 278,893
Cash, cash equivalents, and restricted cash at beginning of period 3,913,994 1,918,777 2,822,795 1,467,576
Cash, cash equivalents, and restricted cash at end of period 3,078,564 1,746,469 3,078,564 1,746,469
Supplemental disclosure:        
Increase (decrease) in investing activities included in liabilities $ (2,130) $ (6,876) $ 2,512 $ (27,041)