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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash flows from operating activities:    
Net income $ 344,052 $ 290,124
Adjustments to reconcile net income to net cash used in operating activities:    
Additions to streaming content assets (2,997,746) (2,986,747)
Change in streaming content liabilities (14,698) 378,885
Amortization of streaming content assets 2,124,686 1,748,844
Amortization of DVD content assets 8,509 11,134
Depreciation and amortization of property, equipment and intangibles 23,561 19,041
Stock-based compensation expense 101,200 68,395
Other non-cash items 37,199 8,209
Foreign currency remeasurement loss (gain) on long-term debt (57,600) 41,080
Deferred taxes 6,627 (22,049)
Changes in operating assets and liabilities:    
Other current assets (32,076) (55,905)
Accounts payable (124,467) 74,083
Accrued expenses and other liabilities 157,647 119,049
Deferred revenue 47,793 55,270
Other non-current assets and liabilities (4,486) 13,830
Net cash used in operating activities (379,799) (236,757)
Cash flows from investing activities:    
Acquisition of DVD content assets (9,170) (10,796)
Purchases of property and equipment (60,381) (37,170)
Change in other assets (10,552) (1,786)
Net cash used in investing activities (80,103) (49,752)
Cash flows from financing activities:    
Proceeds from issuance of common stock 22,972 56,335
Other financing activities 0 (321)
Net cash provided by financing activities 22,972 56,014
Effect of exchange rate changes on cash, cash equivalents, and restricted cash (5,014) 7,177
Net decrease in cash, cash equivalents, and restricted cash (441,944) (223,318)
Cash, cash equivalents and restricted cash at beginning of period 3,812,041 2,822,795
Cash, cash equivalents and restricted cash at end of period $ 3,370,097 $ 2,599,477