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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 1,305,120 $ 1,597,447
Adjustments to reconcile net income to net cash provided by operating activities:    
Additions to content assets (2,458,666) (3,584,164)
Change in content liabilities (354,791) (347,149)
Amortization of content assets 3,459,984 3,166,365
Depreciation and amortization of property, equipment and intangibles 90,335 74,602
Stock-based compensation expense 99,099 119,209
Foreign currency remeasurement loss (gain) on debt 80,651 (161,821)
Other non-cash items 120,008 101,968
Deferred income taxes (98,782) (68,906)
Changes in operating assets and liabilities:    
Other current assets (88,522) 41,157
Accounts payable (89,668) (215,444)
Accrued expenses and other liabilities 185,299 350,763
Deferred revenue (2,390) 16,743
Other non-current assets and liabilities (68,937) (167,931)
Net cash provided by operating activities 2,178,740 922,839
Cash flows from investing activities:    
Purchases of property and equipment (62,019) (121,158)
Acquisitions 0 (124,521)
Purchases of short-term investments (201,634) 0
Net cash used in investing activities (263,653) (245,679)
Cash flows from financing activities:    
Repayments of debt 0 (700,000)
Proceeds from issuance of common stock 26,028 13,678
Repurchases of common stock (400,101) 0
Net cash used in financing activities (374,073) (686,322)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 26,423 (11,448)
Net increase (decrease) in cash, cash equivalents and restricted cash 1,567,437 (20,610)
Cash, cash equivalents and restricted cash at beginning of period 5,170,582 6,055,111
Cash, cash equivalents and restricted cash at end of period $ 6,738,019 $ 6,034,501