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Consolidated Statements Of Cash Flows - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities:        
Net income $ 2,363,509 $ 1,677,422 $ 6,843,024 $ 4,470,152
Adjustments to reconcile net income to net cash provided by operating activities:        
Additions to content assets (4,016,396) (2,883,839) (11,794,215) (9,025,512)
Change in content liabilities (83,585) (325,989) (639,598) (634,661)
Amortization of content assets 3,699,521 3,573,353 11,140,016 10,443,358
Depreciation and amortization of property, equipment and intangibles 80,914 90,660 249,375 270,380
Stock-based compensation expense 65,650 79,720 210,761 256,849
Foreign currency remeasurement loss (gain) on debt 104,809 (172,678) (68,684) (63,075)
Other non-cash items 128,082 115,688 363,851 357,179
Deferred income taxes (200,982) (86,277) (517,446) (288,231)
Changes in operating assets and liabilities:        
Other current assets 54,956 103,766 64,046 (167,805)
Accounts payable 30,597 (68,390) (134,026) (119,726)
Accrued expenses and other liabilities 179,011 (65,029) 316,490 298,101
Deferred revenue 39,328 (5,733) 70,079 41,524
Other non-current assets and liabilities (124,313) (40,359) (279,203) (227,246)
Net cash provided by operating activities 2,321,101 1,992,315 5,824,470 5,611,287
Cash flows from investing activities:        
Purchases of property and equipment (126,863) (103,929) (280,864) (266,920)
Purchases of investments (1,742,246) 0 (1,742,246) (504,862)
Proceeds from maturities of investments 0 400,000 0 901,937
Net cash provided by (used in) investing activities (1,869,109) 296,071 (2,023,110) 130,155
Cash flows from financing activities:        
Proceeds from issuance of debt 1,794,460 0 1,794,460 0
Repayments of debt 0 0 (400,000) 0
Proceeds from issuance of common stock 143,244 57,818 530,875 118,563
Repurchases of common stock (1,700,000) (2,500,100) (5,299,998) (3,545,347)
Taxes paid related to net share settlement of equity awards (2,024) 0 (5,732) 0
Other financing activities (9,084) (32,826) (15,334) (71,746)
Net cash provided by (used in) financing activities 226,596 (2,475,108) (3,395,729) (3,498,530)
Effect of exchange rate changes on cash, cash equivalents and restricted cash 153,452 (122,707) (65,061) (56,658)
Net increase (decrease) in cash, cash equivalents and restricted cash 832,040 (309,429) 340,570 2,186,254
Cash, cash equivalents and restricted cash at beginning of period 6,627,045 7,666,265 7,118,515 5,170,582
Cash, cash equivalents and restricted cash at end of period $ 7,459,085 $ 7,356,836 $ 7,459,085 $ 7,356,836