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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net income $ 4,491,924 $ 5,116,228 $ 2,761,395
Adjustments to reconcile net income to net cash provided by operating activities:      
Additions to content assets (16,839,038) (17,702,202) (11,779,284)
Change in content liabilities 179,310 232,898 (757,433)
Amortization of content assets 14,026,132 12,230,367 10,806,912
Depreciation and amortization of property, equipment and intangibles 336,682 208,412 115,710
Stock-based compensation expense 575,452 403,220 415,180
Foreign currency remeasurement loss (gain) on debt (353,111) (430,661) 533,278
Other non-cash items 533,543 376,777 293,126
Deferred income taxes (166,550) 199,548 70,066
Changes in operating assets and liabilities:      
Other current assets (353,834) (369,681) (187,623)
Accounts payable (158,543) 145,115 (41,605)
Accrued expenses and other liabilities (55,513) 180,338 198,183
Deferred revenue 27,356 91,350 193,247
Other non-current assets and liabilities (217,553) (289,099) (194,075)
Net cash provided by operating activities 2,026,257 392,610 2,427,077
Cash flows from investing activities:      
Purchases of property and equipment (407,729) (524,585) (497,923)
Change in other assets 0 (26,919) (7,431)
Acquisitions (757,387) (788,349) 0
Purchases of short-term investments (911,276) 0 0
Net cash used in investing activities (2,076,392) (1,339,853) (505,354)
Cash flows from financing activities:      
Proceeds from issuance of debt 0 0 1,009,464
Debt issuance costs 0 0 (7,559)
Repayments of debt (700,000) (500,000) 0
Proceeds from issuance of common stock 35,746 174,414 235,406
Repurchases of common stock 0 (600,022) 0
Taxes paid related to net share settlement of equity awards 0 (224,168) 0
Net cash provided by (used in) financing activities (664,254) (1,149,776) 1,237,311
Effect of exchange rate changes on cash, cash equivalents and restricted cash (170,140) (86,740) 36,050
Net increase (decrease) in cash, cash equivalents and restricted cash (884,529) (2,183,759) 3,195,084
Cash, cash equivalents and restricted cash, beginning of year 6,055,111 8,238,870 5,043,786
Cash, cash equivalents and restricted cash, end of year 5,170,582 6,055,111 8,238,870
Supplemental disclosure:      
Income taxes paid 811,720 509,265 291,582
Interest paid $ 701,693 $ 763,432 $ 762,904