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1. How do you interpret Netflix's adjustment for accrued expressions and other liabilities (198,183) in its operating cash flows? 2. How do you interpret Netflix's

1. How do you interpret Netflix's adjustment for accrued expressions and other liabilities (198,183) in its operating cash flows?

2. How do you interpret Netflix's adjustment for deferred revenue (183, 247) in its operating cash flows?

3. How do you interpret Comcast's adjustment for current and noncurrent receivables, net (-20) in its operating cash flows? (2-4 sentences)

4. How do you interpret Comcast's adjustment for Accounts Payable and accrued expenses (-266) in its operating cash flows?

5.2020 was an odd year. Many companies grew their cash balances to increase liquidity during the pandemic. To look at a more normal year, we will analyze the year ending 12/31/2019 for this question. Based on each company's cash flow patterns, what stage of the corporate life cycle is each firm in? Explain. (1-3 sentences each company)

Supporting data below:

sup 1: Comcast comprehensive income

12 Months EndedDec. 31, 2020 Dec. 31, 2015 - Dec. 31, 2011$ 10,701 $ 13,323 $ 11,8621,2131,375(916)1965Consolidated S

sup 2: Netflix comprehensive income

12 Months EndedDec. 31, 2020- Dec. 31, 2015Dec. 31, 2011$ 2,761,395$ 1,866,916$ 1,211,242Consolidated Statements of Com

sup 3: Comcast SE

Consolidated Statement of Changes in Equity - USD ($) $ in MillionsTotalClass A Common Class B Common Additional Paid-Stoc

sup 4: Netflix SE

TotalCommon Stock andAccumulated otherCommon Stock In Shares- Additional Paid-in Capita. Comprehensive Income (Loss --4

sup 5: Comcast cash flow

E(233)2,339(812)250(12,047)(370)886(1,899)86(14,841)(38,219)141(1,257)650(50,854)Acquisitions, net of cash ac

sup 6: Netflix cashflows

12 Months EndedDec. 31, 2015 - Dec 31, 2011Dec. 31, 2020$ 2,761,395$ 1,866,916$ 1,211,242(11,779,284)(757,433)10,806,

sup 7: Comcast income statement

12 Months EndedDec. 31, 2020 - Dec 31, 2018 - Dec 31, 2011 - Labels$ 103,564 $ 108,942 $ 94,507 Revenue29,692 Programming

sup 8: Netflix income statement

12 Months EndedDec. 31, 2020Dec. 31, 2019Consolidated Statements of Operations - USD($) shares in Thousands, $ in Thousan

sup 9: Comcast balance sheet

Dec. 31. 2 Dec. 31.2 -Dec20LabelsConsolidated Balance Sheet - USD (5) Sin MillionsCurrent Assets:Cash and cash equivale

sup 10: Netflix balance sheet

- Dec 31, 202 - Dec 31, 201 - Dec 31, 2011,LabelsCash and cash equivalentsOther current assets$8,205,5501,556,0309,761

sup 11: Common sized income statement

*the wide difference here may be a mismatch with some of the costs being lumped into G&AIncome StatementRevenueProgramming

supp 12: common-sized balance sheet

NetflixDec. 31, 202 Dec. 31, 201ComcastDec. 31, 202 Dec. 31, 20120.89%3.96%24.85%64.62%14.77%3.41%18.19%72.12%4.2?

??

A Consolidated Statement of Comprehensive Income - USD ($) $ in Millions Net income Currency translation adjustments, net of deferred taxes of $(331), $(66) and $9 Cash flow hedges: Deferred gains (losses), net of deferred taxes of $26, $(4) and $(3) Dec. 31, 2020 $ 10,701 1,213 12 Months Ended Dec. 31, 2015 $ 13,323 1,375 Dec. 31, 201 $ 11,862 (916) (101) 19 50 Realized (gains) losses reclassified to net income, net of deferred taxes of $31, $(10) and $(4) Employee benefit obligations and other, net of deferred taxes of $20, $16 and $(3) Comprehensive income (147) 65 (6) (68) (57) 8 11,598 14,725 10,998 Less: Net income attributable to noncontrolling interests and redeemable subsidiary preferred O stock 167 266 131 Less: Other comprehensive income (loss) attributable to noncontrolling interests 2 Comprehensive income attributable to Comcast Corporation 60 $ 11,371 (13) $ 14,472 (41) $10,908 1 7 7 B 9 Comcast Cash Flows Netflix SE Comcast SE Netflix Comprehensive Income Comcast Comprehensive Income E

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1 Netflixs adjustment for accrued expenses and other liabilities of 198183000 reflects the changes in balance sheet items that had an effect on cash flow but were not part of the net income for the pe... blur-text-image

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