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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Cash flows from operating activities:    
Net income $ 2,332,209 $ 1,305,120
Adjustments to reconcile net income to net cash provided by operating activities:    
Additions to content assets (3,728,967) (2,458,666)
Change in content liabilities (189,441) (354,791)
Amortization of content assets 3,670,805 3,459,984
Depreciation and amortization of property, equipment and intangibles 87,234 90,335
Stock-based compensation expense 76,345 99,099
Foreign currency remeasurement loss (gain) on debt (130,801) 80,651
Other non-cash items 97,181 120,008
Deferred income taxes (107,077) (98,782)
Changes in operating assets and liabilities:    
Other current assets 38,049 (88,522)
Accounts payable (145,265) (89,668)
Accrued expenses and other liabilities 251,782 185,299
Deferred revenue 26,515 (2,390)
Other non-current assets and liabilities (66,047) (68,937)
Net cash provided by operating activities 2,212,522 2,178,740
Cash flows from investing activities:    
Purchases of property and equipment (75,714) (62,019)
Purchases of short-term investments 0 (201,634)
Net cash used in investing activities (75,714) (263,653)
Net Cash Provided by (Used in) Financing Activities [Abstract]    
Repayments of debt (400,000) 0
Proceeds from issuance of common stock 268,881 26,028
Repurchases of common stock (2,000,000) (400,101)
Taxes paid related to net share settlement of equity awards (1,825) 0
Net cash used in financing activities (2,132,944) (374,073)
Effect of exchange rate changes on cash, cash equivalents and restricted cash (95,790) 26,423
Net increase (decrease) in cash, cash equivalents and restricted cash (91,926) 1,567,437
Cash, cash equivalents and restricted cash at beginning of period 7,118,515 5,170,582
Cash, cash equivalents and restricted cash at end of period $ 7,026,589 $ 6,738,019