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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2015
Cash flows from operating activities:      
Net income $ 558,929 $ 186,678 $ 122,641
Adjustments to reconcile net income to net cash used in operating activities:      
Additions to streaming content assets (9,805,763) (8,653,286) (5,771,652)
Change in streaming content liabilities 900,006 1,772,650 1,162,413
Amortization of streaming content assets 6,197,817 4,788,498 3,405,382
Amortization of DVD content assets 60,657 78,952 79,380
Depreciation and amortization of property, equipment and intangibles 71,911 57,528 62,283
Stock-based compensation expense 182,209 173,675 124,725
Excess tax benefits from stock-based compensation 0 (65,121) (80,471)
Other non-cash items 57,207 40,909 31,628
Foreign currency remeasurement loss on long-term debt 140,790 0 0
Deferred taxes (208,688) (46,847) (58,655)
Changes in operating assets and liabilities:      
Other current assets (234,090) 46,970 18,693
Accounts payable 74,559 32,247 51,615
Accrued expenses 114,337 68,706 48,810
Deferred revenue 177,974 96,751 72,135
Other non-current assets and liabilities (73,803) (52,294) (18,366)
Net cash used in operating activities (1,785,948) (1,473,984) (749,439)
Cash flows from investing activities:      
Acquisitions of DVD content assets (53,720) (77,177) (77,958)
Purchases of property and equipment (173,302) (107,653) (91,248)
Other assets (6,689) (941) (1,912)
Purchases of short-term investments (74,819) (187,193) (371,915)
Proceeds from sale of short-term investments 320,154 282,484 259,079
Proceeds from maturities of short-term investments 22,705 140,245 104,762
Net cash provided by (used in) investing activities 34,329 49,765 (179,192)
Cash flows from financing activities:      
Proceeds from issuance of debt 3,020,510 1,000,000 1,500,000
Issuance costs (32,153) (10,700) (17,629)
Proceeds from issuance of common stock 88,378 36,979 77,980
Excess tax benefits from stock-based compensation 0 65,121 80,471
Other financing activities 255 230 (545)
Net cash provided by financing activities 3,076,990 1,091,630 1,640,277
Effect of exchange rate changes on cash and cash equivalents 29,848 (9,165) (15,924)
Net increase (decrease) in cash and cash equivalents 1,355,219 (341,754) 695,722
Cash and cash equivalents, beginning of year 1,467,576 1,809,330 1,113,608
Cash and cash equivalents, end of year 2,822,795 1,467,576 1,809,330
Supplemental disclosure:      
Income taxes paid 113,591 26,806 27,658
Interest paid 213,313 138,566 111,761
Increase (decrease) in investing activities included in liabilities $ (32,643) $ 27,504 $ (4,978)