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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net income $ 5,116,228 $ 2,761,395 $ 1,866,916
Adjustments to reconcile net income to net cash provided by (used in) operating activities:      
Additions to content assets (17,702,202) (11,779,284) (13,916,683)
Change in content liabilities 232,898 (757,433) (694,011)
Amortization of content assets 12,230,367 10,806,912 9,216,247
Depreciation and amortization of property, equipment and intangibles 208,412 115,710 103,579
Stock-based compensation expense 403,220 415,180 405,376
Foreign currency remeasurement loss (gain) on debt (430,661) 533,278 (45,576)
Other non-cash items 376,777 293,126 228,230
Deferred income taxes 199,548 70,066 (94,443)
Changes in operating assets and liabilities:      
Other current assets (369,681) (187,623) (252,113)
Accounts payable 145,115 (41,605) 96,063
Accrued expenses and other liabilities 180,338 198,183 157,778
Deferred revenue 91,350 193,247 163,846
Other non-current assets and liabilities (289,099) (194,075) (122,531)
Net cash provided by (used in) operating activities 392,610 2,427,077 (2,887,322)
Cash flows from investing activities:      
Purchases of property and equipment (524,585) (497,923) (253,035)
Change in other assets (26,919) (7,431) (134,029)
Acquisitions (788,349) 0 0
Net cash used in investing activities (1,339,853) (505,354) (387,064)
Cash flows from financing activities:      
Proceeds from issuance of debt 0 1,009,464 4,469,306
Debt issuance costs 0 (7,559) (36,134)
Repayments of debt (500,000) 0 0
Proceeds from issuance of common stock 174,414 235,406 72,490
Repurchases of common stock (600,022) 0 0
Taxes paid related to net share settlement of equity awards (224,168) 0 0
Net cash provided by (used in) financing activities (1,149,776) 1,237,311 4,505,662
Effect of exchange rate changes on cash, cash equivalents and restricted cash (86,740) 36,050 469
Net increase (decrease) in cash, cash equivalents and restricted cash (2,183,759) 3,195,084 1,231,745
Cash, cash equivalents and restricted cash, beginning of year 8,238,870 5,043,786 3,812,041
Cash, cash equivalents and restricted cash, end of year 6,055,111 8,238,870 5,043,786
Supplemental disclosure:      
Income taxes paid 509,265 291,582 400,658
Interest paid $ 763,432 $ 762,904 $ 599,132