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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash flows from operating activities:    
Net income $ 1,597,447 $ 1,706,715
Adjustments to reconcile net income to net cash provided by operating activities:    
Additions to content assets (3,584,164) (3,284,576)
Change in content liabilities (347,149) (266,040)
Amortization of content assets 3,166,365 2,719,196
Depreciation and amortization of property, equipment and intangibles 74,602 35,741
Stock-based compensation expense 119,209 107,230
Foreign currency remeasurement gain on debt (161,821) (253,330)
Other non-cash items 101,968 72,657
Deferred income taxes (68,906) 159,733
Changes in operating assets and liabilities:    
Other current assets 41,157 (221,555)
Accounts payable (215,444) (137,313)
Accrued expenses and other liabilities 350,763 177,897
Deferred revenue 16,743 22,279
Other non-current assets and liabilities (167,931) (61,368)
Net cash provided by operating activities 922,839 777,266
Cash flows from investing activities:    
Purchases of property and equipment (121,158) (81,001)
Change in other assets 0 (4,615)
Acquisitions (124,521) 0
Net cash used in investing activities (245,679) (85,616)
Cash flows from financing activities:    
Repayments of debt (700,000) (500,000)
Proceeds from issuance of common stock 13,678 48,071
Net cash used in financing activities (686,322) (451,929)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (11,448) (42,138)
Net increase (decrease) in cash, cash equivalents and restricted cash (20,610) 197,583
Cash, cash equivalents and restricted cash at beginning of period 6,055,111 8,238,870
Cash, cash equivalents and restricted cash at end of period $ 6,034,501 $ 8,436,453