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Consolidated Statements Of Cash Flows (USD $)
In Thousands
3 Months Ended9 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Sep. 30, 2011
Sep. 30, 2010
Cash flows from operating activities:    
Net income$ 62,460$ 37,967$ 190,907$ 113,758
Adjustments to reconcile net income to net cash provided by operating activities:    
Additions to streaming content library(539,285)(115,149)(1,344,187)(231,781)
Change in streaming content liabilities314,72058,638816,62088,197
Amortization of streaming content library187,44644,568417,84993,091
Amortization of DVD content library23,00032,57873,990111,490
Depreciation and amortization of property, equipment and intangibles11,9138,67831,92128,846
Stock-based compensation expense15,7057,29643,50519,726
Excess tax benefits from stock-based compensation(11,761)(16,093)(45,283)(34,699)
Other non-cash items(1,745)(1,754)(3,472)(7,814)
Deferred taxes(5,281)3,194(14,190)(2,961)
Changes in operating assets and liabilities:    
Prepaid content(17,335)(25,485)(14,928)(32,581)
Other current assets(8,578)(3,374)4,935(12,037)
Other accounts payable(5,422)(10,914)4,9481,246
Accrued expenses20,92018,00361,53139,666
Deferred revenue13,9921,56733,7462,889
Other non-current assets and liabilities(11,218)2,507(5,646)2,648
Net cash provided by operating activities49,53142,227252,246179,684
Cash flows from investing activities:    
Acquisition of DVD content library(20,826)(29,900)(62,010)(90,993)
Purchases of short-term investments(7,673)(15,379)(100,536)(73,169)
Proceeds from sale of short-term investments3742,23831,508105,063
Proceeds from maturities of short-term investments1,8051,99518,44010,318
Purchases of property and equipment(14,080)(7,342)(39,026)(19,406)
Other assets(844)2,7821,41910,289
Net cash used in investing activities(41,581)(5,606)(150,205)(57,898)
Cash flows from financing activities:    
Principal payments of lease financing obligations(526)(470)(1,547)(1,296)
Proceeds from issuance of common stock4,40910,92718,58933,954
Excess tax benefits from stock-based compensation11,76116,09345,28334,699
Repurchases of common stock(39,602)(57,390)(199,666)(210,259)
Net cash used in financing activities(23,958)(30,840)(137,341)(142,902)
Net increase (decrease) in cash and cash equivalents(16,008)5,781(35,300)(21,116)
Cash and cash equivalents, beginning of period175,207107,327194,499134,224
Cash and cash equivalents, end of period$ 159,199$ 113,108$ 159,199$ 113,108