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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2016
Cash flows from operating activities:      
Net income $ 1,211,242 $ 558,929 $ 186,678
Adjustments to reconcile net income to net cash used in operating activities:      
Additions to streaming content assets (13,043,437) (9,805,763) (8,653,286)
Change in streaming content liabilities 999,880 900,006 1,772,650
Amortization of streaming content assets 7,532,088 6,197,817 4,788,498
Amortization of DVD content assets 41,212 60,657 78,952
Depreciation and amortization of property, equipment and intangibles 83,157 71,911 57,528
Stock-based compensation expense 320,657 182,209 173,675
Excess tax benefits from stock-based compensation 0 0 (65,121)
Other non-cash items 40,428 57,207 40,909
Foreign currency remeasurement loss (gain) on long-term debt (73,953) 140,790 0
Deferred taxes (85,520) (208,688) (46,847)
Changes in operating assets and liabilities:      
Other current assets (200,192) (234,090) 46,970
Accounts payable 199,198 74,559 32,247
Accrued expenses 150,422 114,337 68,706
Deferred revenue 142,277 177,974 96,751
Other non-current assets and liabilities 2,062 (73,803) (52,294)
Net cash used in operating activities (2,680,479) (1,785,948) (1,473,984)
Cash flows from investing activities:      
Purchases of property and equipment (173,946) (173,302) (107,653)
Acquisition of DVD content assets (38,586) (53,720) (77,177)
Other assets (126,588) (6,689) (941)
Purchases of short-term investments 0 (74,819) (187,193)
Proceeds from sale of short-term investments 0 320,154 282,484
Proceeds from maturities of short-term investments 0 22,705 140,245
Net cash provided by (used in) investing activities (339,120) 34,329 49,765
Cash flows from financing activities:      
Proceeds from issuance of debt 3,961,852 3,020,510 1,000,000
Issuance costs (35,871) (32,153) (10,700)
Proceeds from issuance of common stock 124,502 88,378 36,979
Excess tax benefits from stock-based compensation 0 0 65,121
Other financing activities (1,956) 255 230
Net cash provided by financing activities 4,048,527 3,076,990 1,091,630
Effect of exchange rate changes on cash, cash equivalents and restricted cash (39,682) 29,848 (9,165)
Net increase (decrease) in cash, cash equivalents and restricted cash 989,246 1,355,219 (341,754)
Cash and cash equivalents, beginning of year 2,822,795 1,467,576 1,809,330
Cash, cash equivalents and restricted cash, end of year 3,812,041 2,822,795 1,467,576
Supplemental disclosure:      
Income taxes paid 131,069 113,591 26,806
Interest paid 375,831 213,313 138,566
Increase (decrease) in investing activities included in liabilities $ 2,560 $ (32,643) $ 27,504